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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

Annual Report of the Comptroller of the Currency 1934

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Page 1: Annual Report of the Comptroller of the Currency 1934

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)

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Page 2: Annual Report of the Comptroller of the Currency 1934

TREASURY DEPARTMENT

Document No. 3068

Comptroller of the Currency

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Page 3: Annual Report of the Comptroller of the Currency 1934

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

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VI CONTENTS

Farm Credit Administration: PageConsolidated statement of condition of, October 31, 1934 149, X50Federal land banks, consolidated statement of condition of, Sep-

tember 30, 1934 150Federal intermediate credit banks, consolidated statement of con-

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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Page 7: Annual Report of the Comptroller of the Currency 1934

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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X CONTENTS

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

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Page 34: Annual Report of the Comptroller of the Currency 1934

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

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Page 35: Annual Report of the Comptroller of the Currency 1934

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

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o

Odw

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to00

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Page 36: Annual Report of the Comptroller of the Currency 1934

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

Individual trusts

Livingtrusts

Courttrusts

Total

Assets of indi-vidual trusts

Numberof cor-poratetrustsbeing

adminis-tered

BostonNew YorkPhiladelphia..ClevelandRichmondAtlantaChicagoSt. LouisMinneapolis-Kansas City..DallasSan Francisco.

Total—

17827823711412580167795510364

2113112541321401102051121051649193

$143,769,717401,822, 582100,057,08093, 657, 37256, 559,17774,830,000210,113, 50043, 790, 00046,905,00050, 260,00059,315,000171, 440,000

$1,901,5, 420,1,680,1,415,847,924,

2,840,655,664,889,821,

2, 872,

847, 200422,413600,917270,060409,171940, 644357, 626659, 211413,778211,920799, 231202, 544

3,4194,8669,0924,4172,1213,266

21, 5441,0021,8642,7191,076

11, 095

3,5826,964

13,0636,1413,9402,0056,7601,8172,9431, 440

6236,263

7,00111, 83022,15510, 5586,0615,271

28, 3042,8194,8074,1591,699

17, 358

$402,901,322777,399,118337,965, 680602, 709, 686280,132,127348, 793, 322

3, 754, 671,15165, 582,625

372,978,944318, 495, 838117, 212, 419

1,137, 709, 512

5871,348

6781,309

291882

6,057542489

1,078437

2,205

1,560 1,928 1, 452, 519, 428 20, 934,134, 715 66, 481 55, 541 122, 022 8, 516, 551, 744 15,903

WteJQO

K

3o

IHW

o

Federal Reserve districtsBond issues out-standing where

banks act astrustee

Number ofbanks ad-

ministeringinsurance

trusts

Number ofinsurance

trusts beingadminis-

tered

Volume of assets of insur-

ance trusts un-der adminis-

tration

Number ofbanks hold-ing insur-ance trustagreementsnot opera-

tive

Number ofinsurancetrust agree-ments notoperative

Face value ofinsurance poli-cies held under

trust agree-ments notoperative

Tru:-t de-partmentgross earn-

ings for fiscalyear ended

June 30, 1934

BostonNew York...Philadelphia _ClevelandRichmondAtlantaChicagoSt. LouisMinneapolis..Kansas City..DallasSan Francisco

Total...

$460, 635,9606,123,959, 955112, 685, 334316,951, 688109, 531,861226,476, 234

3,092, 532,18556,099,445139, 238, 26982,555,95572,149,044691,645,807

669712982377115514147136108

$2, 573, 7915, 289,1889, 435. 3485, 202,536983, 889

2, 515,4858, 362, 774800,981650, 303

2, 323, 7661, 032, 6653, 297,182

71115112615136601820423748

1,4172,2561,5171,5721,004

• 1,0142,390197

1,1261,662712

3,730

$54, 860,138126, 668,14360,123, 50268, 813, 75734, 677,13239,018, 312112, 799,4878,370,118

45, 785, 55650,081, 58924,865,850105,976, 291

$1,684,0006,168,0001, 000, 0001,164,000716,000774,000

6, 368, 000239,000692,000915,000374,000

3, 522,000

11,484,461, 737 249 42, 467,908 671 18, 597 732,039, 875 23, 616,000

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Page 37: Annual Report of the Comptroller of the Currency 1934

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

Total

$50,9051,165, 368

13, 453, 60946, 770,817

138.122, 0123, 402; 866, 964

40.5342.0638.3430.8233.1548.33

$6, 031•619, 242

7, 683,13035,913, 254127,180, 487

2, 250, 092, 344

4.8122.3521.8923.6730.5231.96

$27, 560458, 462

7, 596, 26044,917, 45871, 626, 406610, 034, 828

21.9416.5521.6529.6017.198.66

$23, 738307, 539

5,015,12715, 759, 39850,086, 953460, 360, 370

18.9011.0914.2910.3812.026.54

$17, 373220,181

1, 345,0228, 385,069

29, 677, 912317, 676, 072

13.827.953.835.537.124.51

$125, 6072, 770, 792

35,093,148151, 745, 996416,693, 770

7, 041, 030, 578

3, 602, 429, 675 47.10 2,421,494, 488 31.66 734, 660,974 9.61 531, 553,125 6.95 357, 321, 629 4.68 7, 647,459, 891

§

W

OO

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

$1, 275, 2953, 476, 621

10, 459, 48916, 797, 94259, 888, 50485, 234, 544

135,162, 308207, 903, 367445, 902, 551326, 029, 629

, 310, 299,425

28.1230.3631.2728.4231.1436.2634.9831.0949.3638.3253.69

$1, 225, 7852, 759, 5727, 707, 31912,199, 91561, 619, 01068, 598, 549113,319,231262, 697, 659237,156, 376330, 336,998

1, 323,874, 074

27.0424.1023.0420.6432.0429.1829.3339.2926.2538.8330.77

$1, 422, 7783, 753,12111, 962, 45220,985, 70341, 210, 58032, 227,08870, 256, 90186, 632, 80291, 425, 72594, 784, 717279, 999,107

31.3932.7835.7635.5021.4313.7118.1812.9610.1211.146.51

$385, 760854,123

2, 437,7496,977,38319, 217, 53433, 904, 97241, 249,17067, 627, 40255, 348, 58360, 474,182

243, 076, 267

8.517.467.2911.809.9914.4210.6710.116.137.115.65

$223, 625608,148887, 245

2,151, 46010, 374, 65915,108, 85426, 429, 05043, 781, 37573, 543,15939,160, 934145, 053,120

4.945.302.643.645.406.436.846.558.144.603.38

$4, 533, 24311, 451, 58533,454, 25459,112, 403192, 310, 287235, 074, 007386,416,660668, 642, 605903, 376, 394850, 786, 460

4, 302, 301,993

Total.. 3, 602,429, 675 47.10 , 421, 494, 488 31.66 734, 660,974 9.61 531, 553,125 6.95 357, 321, 629 4.68 7,647,459,891

H3

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Page 38: Annual Report of the Comptroller of the Currency 1934

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.

Total

$39,81495,534

336,131943,929

1,142,4046,072,262

24,842,45110, 680, 69515,360,42132,282,427

163,796,770

20.4513.9117.3919.1723.1328.5137.8428.1942.3450.4733.31

$102,961193,958580,536

1,125,5551, 579,9795, 266,87319,166,53915, 749,9669, 504,13916,949,692156,193,591

52.9028.2330.0422.8531.9824.7329.2041.5726.2026.5031.76

$19, 26753, 258237, 265570, 271984,092

2,663, 8159,867,8953,367,9711, 306,9147,316, 79770, 329, 780

9.907.75

12.2711.5819.9212.5115.038.023.60

11.4414.30

$25,880278,835454, 566

1,888,545887,776

6,500,0439, 481, 5075, 513,3885, 937,8422,053,557

81, 606, 725

13.3040.5923.5238.3417.9730.5214.4414.5516.373.21

16.59

$6, 71665, 363324,122

345,397791,091

2,287,9152,576,3624,170,2645,365,23719,872,025

3.459.5216.788.067.003.733.497.6711.498.384.04

$194,638686,948

1,932,6204,924,9394,939,64821,294,08465,646,30737,888,38236, 279,58063,967,710491,798,891

255, 592,838 35.03 226, 413, 789 31.03 96, 717,325 13.26 114, 628, 664 15.71 36, 201,131 4.97 729,553,747

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Page 39: Annual Report of the Comptroller of the Currency 1934

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

10 30 25 16 12 173

$5, 779,082 $22,863, 593 $30,016,140 $59, 690, 790 $61, 292, 223 $81, 717, 384 $116, 314, 858 $90,897,698 $118,943,079

TRUST ASSETS

$5, 372,824 $276,058,639 $868,946, 310

InvestmentsDeposits in savings banks..Deposits in other banksDeposits in own bankOther assets

Total

194,638 1,932,62C 4, 924,93924,428

4,939, 64811, 246

21, 294,084176, 076

65, 646, 307159, 768

37,888, 3827r~

9,4443,124

76,67168,123

192, 6759,708

344,813134,156

802, 390601,021

844,627373,310

2, 467, 382936,113

352,101573, 912

36, 279, 58017, 6206,613

1, 801, 219128, 263

63,967,71011,138

2,134, 537779,184

491,798,89147,004

1,026,87613, 513,05312, 528, 511

729, 553, 747454, 368

1,033,48923, 538, 91216,135,425

207, 206 831,742 2,135,003 5, 428,336 6, 354, 305 22, 688,097 69, 209, 570 39,821,483 38,233, 295 66,892,569LIABILITIES

Private trusts-Court trusts—

91,025116,181

324,294507,448

874, 6261, 260, 377

2, 207, 7803, 220, 556

2, 581, 8453, 772, 460

14,491,4018,196, 696

^4,415, 35934, 794, 211

27,758, 74312, 062, 740

26, 226, 63812, 006, 657

Total.

61, 624, 4725, 268, 097

518,914,335

363,774,121155,140, 214

770, 715,941

534, 370, 304236, 345, 637

207, 206 831, 742Total volume of bond issues outstand-

ing for which branch banks are act-ing as trustee

Number of branches administeringprivate trusts

Number of branches administeringcourt trusts

Number of branches administeringcorporate trusts

Total number of individual trusts be-ing administered

Number of corporate trusts being ad-ministered

Total number of trusts being ad-ministered

Average volume of individual trustassets in each branch

Average volume of trust assets in eachindividual trust

Number of branches administering in-surance trusts

2,135,003 5, 428, 336 6, 354, 305 22, 688, 097 69, 209, 570 39, 821, 483 38, 233, 29 66, 892, 569 518,914,335 770, 715,941

18!

$20,721; $33,270

$ l l , 5 1 l | $12,232

$20, 933

16

17

1

137

2

139

$85, 400

$15,584

1

$9, 400

19

23

1

1

396

$180,945

$13, 743

$439, 87.

17

18

3

387

6

393

$254,172

$16, 419

$2, 033, 000

14

14

7

830

20

850

$1,418,006

$27, 335

4

$10, 745, 900

12

12

7

1, 357

62

1,419

$5, 323, 813

$51, 002

9

$4,825, 709

6

6

5

1,046

61

1,107

$4, 424, 609

$38, 070

4

$35, 043, 875

6

6

6

798

128

926

$6,

$47,911

$22, 681,150 $286,

2

2

1

1,191

173

1,364

1,285

$56,165

595,429 $362,395, 271

9

5,057

365, 549 $33, 446,

5,93'

$43, 242,861

$102, 613

5

110

127

37

11, 284

1,333

12, 617

$4, 455, 005

$68, 302

32

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Page 40: Annual Report of the Comptroller of the Currency 1934

-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:

Liquidation statement, 386 administered receiver ships, year ended Oct. 81, 1934

Collections:Collections from assets $171, 780, 302Collections from stock assessments 8, 065, 482Income earning collections 9, 111, 347Offsets allowed and settled (against assets) 19, 065, 592Unpaid balance Reconstruction Finance Corporation loans. _ 31, 890, 022

Total 239, 912, 745

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:

Liquidation statement, 2,762 administered receiverships, 1865-1984

(Revised from 1933)Collections:

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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Liquidation statement, 2,762 administered receiverships, 1865-1934—Continued

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

Collections:Collections from assets $1, 049, 133, 382Collections from stock assessments 71, 625, 746Income-earning collections 57, 572, 588Offsets allowed and settled (against assets) 130, 759, 293Unpaid balance Reconstruction Finance Corporation loans _ 127, 647, 259

Total 1, 436, 738, 268

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:

Liquidation statement, 64 administered receiverships finally closed, year endedOct. 31, 1934

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:

Liquidation statement, 1,219 administered receiver ships finally closed, 1865-1934{revised from 1933)

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

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Liquidation statement, 1,219 administered receiverships finally closed, 1865-1934—Continued

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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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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Page 52: Annual Report of the Comptroller of the Currency 1934

National bank receiverships the affairs of which were finally closed or restored to solvency during the year ended Oct. 81, 1984

Location Title Date receiverappointed

Date finallyclosed or re-stored to sol-

vencyCapital

Total assetsand stockassessment

Borrowedmoney

(bills pay-able, redis-

counts,etc.)

Total de-posits

Total divi-dends paid

Percentdividends

paid IO

O

OOKhj

Bloomington, 111.3Brookings, S. Dak

DoBrownwqod, Tex.1Buena Vista, ColoBurlington, Iowa iBurlington Junction, Mo_Calexico, CalifCambridge, 111.3Carnegie, Okla.3Champaign, 111Cheboygan, MichCherokee, Okla.3Chowchilla, CalifClarksville, ArkClaxton, Ga.3Clinton, MinnColeridge, NebrConway, Wash.3Covington, Ind.3Crestline, Ohio 1

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

Oct.Dec.Feb.Apr.Nov.Dec.Jan.JulyOct.Sept.Mar.JuneOct.MayNov.JulyFeb.Jan.Jan.Oct.Jan.Sept.Aug.Jan.Dec.JulyDec.Dec.Aug.Dec.Oct.Feb.Mar.Jan.Jan.Dec.Sept.Oct.

27,19333,19269,192427.19326.19312.193022,193024.192827.193312,19334.193212.19305.193328,192718.192911.193310.192712,192930.19349,193328.193119,19338.1933

18.193212,19329.193131.19288,193024.19325,193012.193315.19296.193410.192920,193323.193012,193331,1933

JuneSept.Nov.Feb.Nov.Oct.MayFeb.JulyMayAug.Aug.Sept.Mar.Aug.Aug.Oct.Apr.JuneSept.Oct.Oct.JuneJan.Oct.JulyJan.Jan.Feb.Mar.Oct.Oct.Oct.Oct.Dec.Dec.Aug.Aug.

6,193421,193429,19339,193420.193313.193418,103419,193427,193411,19341,193427,19343,19346,19341,19346,193431,193425,193412,19347,193431,19344,193422,193411,19349,193421,193429,19344,193419,19346,193415,193431,193412,19348,193421,193314.193329.193427,1934

$300, 00050, 000100, 000100, 00025,000100, 00025, 000

300, 00050, 00030, 000

300, 00050, 00040, 00025, 000100,00050,00025,00040,00025,00050, 00075, 00025,00050, 000

600, 00050,00025,00025,00050,00050,00025,00025, 00030,00025,00025,000

2,000, 00025, 00025, 000100, 000

$1, 200,1451, 315, 037

100, 000151,019100. 000559, 402

1, 443, 544

6, 529. 4081, 615,088

304, 374660, 635

279, 620374, 576

143, 573

>, 970,15850,000

302, 932135, 817291,091

155, 310

" 474," 714"

127, 612

"208," 814"

$86, 641370, 382100, 000

$976, 5226S2, 058

437,215

"I," 226," 485"

98, 048

284, 43110, 741

$825, 529173. 2887.500

74, 89372, 704120,160

810,10050, 000

4,174, 2581, 381, 383

7 1, 926, 8501,190, 319

25. 88572, 456

219, 524353,179

149,862125,161

47,08778,140

162, 825150, 689

93, 064131, 083

75,000 53,167

2,175, 90950,0005,6716,56220,000

3, 673, 443

234, 3756,490

140, 347

« 1,838, 52144, 275173, 71433, 35395, 636

20, 584

"24," 656

78,154

"§13," 914

48, 352

"282," 274'

13, 942

"l7," 493

38, 205

" 108," 656"

22, 587

"61," 885"

2 10078.69717.517.5

4 105. 77116. 62935.92

2 1002 1007 6089. 628

2 10089.5344.07

2 10062.14792. 277

2 1002 100100

2 1002 100MOO88.5581.7164.7575.24

2 10066.3

2 10076.48

2 10040. 665

2 10068.5

21002 100

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Page 53: Annual Report of the Comptroller of the Currency 1934

168025642009282516891228743

2379106122868991296124910491344139916559482011238610261079846122721842321201813331111271074622761295237013725491461255813611210869

2343

Limon, ColoLlano, TexLonaconing, Md.'Lorain, Ohio3

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.

Sept.Nov.Apr.MaySept.Aug.Dec.Sept.Nov.Mar.Mar.JulyDec.NovMar.Sept.Aug.Nov.Apr.Sept.Sept.Jan.Oct.Aug.Nov.JulyApr.Feb.Feb.Jan.Jan.Feb.JulySeptJuneAug.Dec.Nov.Apr.Apr.Jan.Aug.

16.193114,193311.19329,1934

28,193129,192826.192313.193330,19261,19333,19253.1929

14,192815.1926

4, 19306.1930

15.19317.1925

12.193215.19334.19264.1927

23̂ 192422,192821.193228.193327.193211,193021.192731.193424.192413, 19332,1929

11.193311,193029,191417.193010,193312,19303.19288,1925

18,1933

Aug.MayOct.Oct.Apr.JuneNov.Oct.JulyApr.Sept.Dec.Jan.Aug.Oct.Oct.Dec.JulySept.JulyDec.Aug.MayMaySept.Nov.Aug.JulyOct.Oct.Aug.Oct.Jan.JuneJan.MayFeb.MayAug.MayOct.May

20,193412,19343,1934

22,193430,193419,193427.19333,193425.193423,193426,19348.19334.193416,19341,19348,193419.19333,193413.193431,193411.19338,19349,193428.19343,193424.193310.193431,193431,193416,193410, 193431,193411,19345,193412,19347,193417,193410,19346,193417,193426,193418,1934

30,00075, 00025, 000

150, 00050, 00075, 00050, 00050, 00050, 000

200, 00050, 00025, 00080, 00050, 00050, COO

500, 00040, 000

200, 00040, 00050, 00025, 00025, 00035, 00040, 000120, 00025, 00025, 00050, 00050, 000

300, 000150, 00050, 000100, 00025, 00025, 00050, 00060, 00035, 000100, 00025, 00050, 000

100, 000

184, 913

""267650"

339, 909625,882526, 521

362, 405

915, 635124, 331827,008570, 643506, 039

2, 559,81985,862

3, 054.140280, 851

328, 557402, 577453, 976463,241

1,000

68, 725314, 591519,118

3, 273,149119, 793983, 249

177,805510, 867294, 024

937, 468333, 036254, 601

60, 643

~88,"46l"

40,132

43, 912

92,225

89. 40328, 063174,13064, 51831,841

2,854, 93117, 299

263, 720

27, 65961. 808157, 73373, 050

14,186

"28," 180

583, 12051,196

12, 0C021, 05820, 000

89, 01918, 95016, 076

57, 987

186, 811465, 247334, 505

107, 658

604, 02446, 763425, 318332, 973348, 967

2,122, 001154,197

216, 250265, 030175,140267, 232

153, 397359, 940

2, 215, 436

"""704," 440

112,492365,125141,914

458,910205, 34982, 590

26, 456

"24," 574"

103, 777282, 021160, 094

9,852

452, 2913,087

277, 753155, 213268, 633247, 01515, 754

1, 273, 772153, 075

46, 165142, 79321,81791, 257

9,59091,164219, 420

959, 3979,212

361,159

91, 460350,389113, 526

207, 54491, 28655, 434

77.562 10027.78

2 10064.1476. 73648. 095

2 10011.28

2 10088. 6044.72

56. 83360.5883. 0138.546

1 102. 6491.345

4103. 872 100

23.8961.27.3

41.08

10063.563. 532

2 10050. 001818.2489

2 10086.3810090.41

2 10054.553.6375.2

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

Trustno.

. 14532373138726811241941977

11512503269513802152

Location

Ullin, 111Utica, Nebr3

Vanderbilt, PaVermilion, 111.3Wakefield, NebrWarren, MinnWaukon, IowaWaukon, IowaWest, Tex.eWhat Cheer, Iowa 3Williams, TnwaWyoming, Iowa* . .

Total

Title

First National Bankdododo

Farmers National Bank _First National Bank

do . . . . . .Peoples National BankNational Bank of WestFirst National Bank

do . -do—. - - .

Date receiverappointed

Dec. 12,1930Sept. 12,1933Aug. 4,1930Jan. 12,1934Nov. 21,1928Oct. 10,1925Jan. 18,1926July 19,1927Oct. 30,1933Jan. 18,1934July 1,1930Oct. 11,1932

Date finallyclosed or re-stored to sol-

vency

Jan. 8,1934Apr. 16,1934Oct. 4,1934May 15,1934May 29,1934Oct. 8,1934Apr. 24,1934June 5,1934Oct. 9,1934May 18,1934June 30,1934Sept. 21,1934

Capital

$25,00030,00025,00025,00050,00050,000

100,000125,00050,00050, 00025,00050,000

8,925,000

Total assetsand stockassessment

$224,434

246, 729

673,011630, 452

1,090, 643986,839

351,134116,349

48, 238,845

Borrowedmoney

(bills pay-able, redis-

counts,etc.)

$39,228

44,545113,171104,30657, 521

46,81050,925

11,193, 371

Total de-posits

$130,169

140,908

461,419418,618739,072529, 744

173, 782

26, 590, 650

Total divi-dends paid

$82,309

135,699

341,11461,085

387,180322,819

43, 68313,481

15,046, 527

Percentdividends

paid

71.0172 100

101.181100

85.72213.47453.80964.39

2 1002 100

29.5526.472

* 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

Collections:Collections from assets : $7, 837, 525Collections from stock assessments 166, 647Income earnings collections 498, 721Offsets allowed and settled (against assets) 1, 344, 307Unpaid balance Reconstruction Finance Corporation loans 1, 738, 653

Total 11, 585, 853

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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Page 58: Annual Report of the Comptroller of the Currency 1934

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,̂ 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

occurred)

Total unlicensed banks as of Mar. 16, 1933

529241330

296

6

15

$33.064. 30022, 415,000

21, 288,000

22, 538, 000

775, 020

765,000

$49, 652. 80042,875,00061, 282, 500

40, 215, 500

2, 950,020

1, 482,000

$748, 350, 365566. 744,059870,192,191

443,891, 347

35, 515, 734

22, 708,441

$576,938, 586396,160,880660,963,189

301. 580,879

21, 796,137

14,520,351

$40, 633, 79459, 029, 36955,237, 577

46, 709, 050

6, 777, 528

4, 240,147

$522, 726,000207, 444,000

90.652.36

207, 958.000

5,178,000

68.96

23. 76

1,417 100, 845.320 198,457,820 2, 687, 402,137 1,971,960,022 212, 627, 465 943,306,000

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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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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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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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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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

TotalLess l

Total

$2,470,887

2,470,887

Increase ordecrease since

above date

$38,124

38,124

$2,581,934

2,581,934

Increase ordecrease since

above date

$149,171

149,171

National-bank notes ofeach denominationoutstanding

Old series

$340,749162,420

10,922,71018,317,69516,311,1402,979, 5503,871,400

87,50021,00062, 069

53,076, 233

53,076, 233

New series

$168,696,480372, 252,910297,833, 20036,109,90034,161, 600

230

909,054, 3207,435,800

901, 618, 520

Federal Re-serve bank

notesofeachdenomina-tion out-standing,old series

$1,622,482407,241266,95562, 66563, 7709,650

2,432,763

2,432,763

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

year

Bondswithdrawn

by banksreducing

circulation

Bondswithdrawnby banks inliquidation

Bondswithdrawnby banks ininsolvency

November.December..

1933

JanuaryFebruary. _MarchApril - .MayJune _-July. .AugustSeptember.October

1934

$8,855, 70031,811, 250

7, 482, 2507, 363, 7506, 267,9002, 930,1004,439,0002, 505, 5002, 231, 0002,072, 2501,985,0002,490,000

$1,410, 7001, 260,900

6, 495,0005, 701,00029, 734, 75050,145,80015, 320, 20015,471,15017,776, 75012, 701, 7504,900, 6005, 230, 300

$440,000150,000

925,0002,097, 500950, 500

1,475,0001, 743, 7501,005,0001,460,010318, 750915,000702,000

$50,000

17,941, 260675,000

36,106, 500250,000

1,492,000

3,169,110

Total.. 180, 433, 700 166,148, 900 12,182, 510 59, 683,870

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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Page 76: Annual Report of the Comptroller of the Currency 1934

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:

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Page 77: Annual Report of the Comptroller of the Currency 1934

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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Page 78: Annual Report of the Comptroller of the Currency 1934

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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Page 79: Annual Report of the Comptroller of the Currency 1934

Principal items of assets and liabilities of licensed national banks, Oct. 17, 1934

[In thousands of dollars]

Location

MaineNew HampshireVermontMassachusettsRhode IslandConnecticut . . .

Total New England States

New YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of Columbia

Total Eastern States

VirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexasArkansasKentuckyTennessee

Num-ber ofbanks

4052431381254

46223470816639

1,492

1337843195850702530457519973

Total Southern States 1,186

Loans anddiscounts,includingoverdrafts

37,33328,77220,873558,33243,673112, 522

Invest-ments

59, 46730,57725, 726

478,04436,49791, 625

801, 505 | 721,936

1,500,486 2,114,980254, 748844,870

8,34758, 70842, 580

2,709, 739 3,870,702

138,23359,12927, 53311, 759

100, 37134, 37971,86319,40783,615

300, 55327,39772,158

110, 392

1,056, 789

321, 5501,195, 785

9,571164,64864,168

103, 74647,82724,65617, 39975,74392,18662,55921, 70682,072

337, 77631, 75181,52698,157

1,077,104

Realestate,

furniture,and

fixtures

1,9522,5021,493

44,7081,071

14,618

66,344

141,29542,567

104,7151,1596,4117,371

303,518

13,7729,5603,4481,903

11,6098,105

11,0252,7059,651

2,2875,401

10,891

129,217

Cash invault

2,8102,0761,017

68, 2033,3946,074

83, 574

Due frombanks,

includingreserve

and othercashitems

24,98214,0637,711

337, 46918,80657, 090

460,121

Totalassets

Demanddeposits,includingUnitedStates

deposits

127,19178,45157, 315

1, 517,429104,238283, 547

2,168,171

35, 20733,09413, 210

748,38855, 598

118, 687

1, 004,184

51, 56413, 71939,925

3413,757

115,636

7,2244,0363,8461,8364,1204,9634,3011,3533,929

17, 7631,8553,3835,220

63,829

1,007,918106, 234482, 466

1,958

49,912

4,959, 506' 744, 293

2, 694, 50021, 469

302,186170,967

1,715,471 8,892,921

82, 66127, 73328,27418,11270,06045,05938, 63114, 34267, 353

356, 76823,89242, 786

897,999

348,228149,200

51, 292263,385186,028190, 38159,849

249,2891, 058,096

87, 723206, 393309,172

3, 247,124

2, 486, 212238, 634844, 749

5,666122,12683, 292

3, 780, 679

109, 46058, 39043, 70026,033

116,91492,12374, 05924, 355

105, 342556, 523

38, 21985, 486

113,837

1,444, 441

Timedeposits

65, 39821,31028,856314, 85819, 34996, 947

Due tobanksl

5,2395,1991,244

209,0916,777

17,616

245,166546, 718

815,840 799,812362, 746

1,012,9599,178

95, 54448, 266

2, 344, 533

134, 50054, 51023,32310, 26167, 36643, 73653, 64622, 34960,821

163, 72024,93959, 70595, 449

814, 325

15,204306, 304

31747,68019,802

1,189,119

37,6616,0845,8646,562

40,41719,08016, 3833,022

49, 498166,117

10, 24324, 27347,863

433,067

National-bank

notes out-standing

4,4004,9983,94017,0705, 7569,223

45,387

52,09427, 54495,4711,2064,9232,400

183, 638

18,4738,9263,1602,3275,1378,14911,3772,328

42, 5023,51810,27316, 014

140,823

Billspayableand re-

dis-counts

800

959

2,4901,1191,074105

4,788

190130

413

2034133512116423410

1,913

Capital(commonand pre-ferred)

10, 7857,1606,555

110,8977,620

22,405

165,422

60,607168,005

1,90313,8039,300

643, 524

27,82812, 7227,1703, 925-

18, 67915,80521, 7205,130

14, 37583,1646,285

13,03123,974

253,808

Surplusand un-dividedprofits,

includingreserves

5,8706,5083,371

91,9788,58216, 734

133,043

291,04335, 689245,1653,08217, 3237,693

599,995

18,8398,0404,6562,06713,0546,58412, 0621,9978,46542, 6514,21012,87111,017

146, 513

1 Includes certified and cashiers' checks and cash letters of credit and travelers' checks outstanding.

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Page 80: Annual Report of the Comptroller of the Currency 1934

Principal items of assets and liabilities of licensed national banks, Oct. 17, 1934—Continued

[In thousands of dollars}

Location

Ohio -.IndianaIllinois -.Michigan _WisconsinMinnesotaIowaMissouri

Total Middle WesternStates

North DakotaSouth Dakota _ _. _NebraskaKansasMontanaWyomingColoradoNew MexicoOklahoma

Total Western StatesWashingtonOregon _ _CaliforniaIdahoUtahNevadaArizona _

Total Pacific StatesAlaska (nonmember banks)The Territory of Hawaii (non-

member bank)Total (nonmember banks).Total United States

Num-ber ofbanks

25212328985

10621112290

1,278

7065

13819546268224

218

864

6753

129251468

302

4

1

5

5,466

Loans anddiscounts,includingoverdrafts

271, 46879, 392

586, 221109, 261121,317198,04055,134

142, 341

1, 563,174

14,83813,78262,38158, 43012,93411, 62648,360

7,44182,976

312, 7fi8

77,56344, 901

1,028,2195,675

14, 7172,4314,590

1,178, 096

1,209

15,364

16, 573

7,R8,644

Invest-ments

372, 696131, 950939, 206276, 662187,930269,30191,826

234,851

2, 504,422

24, 21222,437

108,49273,18832,48912,551

102,20710,612

122,855

509,043

122,567101,880929,769

13,59828,2068,917

11,055

1,215,992

2,064

17,106

19,170

9, 918,369

Realestate,

furniture,and

fixtures

35,05613,21844,68311, 28913,94615, 7784,9198,139

147,028

2,5732,4436,7648,6162,8171,0714,9901,246

10, 701

41,221

8,3826,628

104,8021,1711,018

4061,398

123,805

119

1,684

1,803

812, 936

Cash invault

15,6729,709

38,8769,7077,3786,3894,2596,755

98, 745

1,023970

2,8343,3971,511

9905,2791,0724,505

21, 581

4,9773,689

21,230824456573747

32,496

398

2,497

2,895

418,756

Due frombanks,

includingreserve

and othercashitems

174,56395,852

713,40913fi, 27082,359

181,50968,376

182, 593

1, 634,931

16,96714,48973,16480,87624,50413,81883,51411,494

106,971

425,797

66,28546,084

367,0189,370

17,3504,8396,416

517,362

1,895

2,757

4,652

5,656,333 .

Totalassets

876,612331,955

2, 373,694549, 441417,209677, 241225,842577,870

6,029,864

60,41754,735

254,695225,678

74, 73740,194

245,50431,956

329,599

1,317,515

282,553205,807

2,486,68030,80862,02117,30924,418

3,109, 596

5,694

40,505

46,199

24,811,390

Demanddeposits,includingUnitedStates

deposits

368,443153, 297

1, 243,888287, 501162,669256, 235107,017258,855

2,837,905

24,57425, 537

115,649114,13334,82217,040

112,47920, 501

170,144

634,879

126,83289,477

727,05515,94324, 5989,095

11, 632

1, 004,632

3,153

13,367

16,520

10, 723, 240

Timedeposits

288,98588, 203

419,497150, 984142,843203, 22949,088

105,323

1,448,152

22,36316,24046,44844,94123,51213,32272,4335,674

71,817

316,750

74,35270,266

1,231, 5428,637

18, 7335,9587,787

1,417, 275

1,754

17, 847

19, 601

6, 907, 354

Due tobanks

65,61737,844

417,81739,19945, 591

123,33840,834

152, 672

922,912

3,1373,384

61,13232,1525,1173,892

31,5741,386

36, 542

178,316

31, 40619, 636

157,1711,8209,501

5351,447

221, 516

54

648

702

3,190, 798

National-bank

notes out-standing

33, 74813,78719,7489,305

19,03220,7316,3777,797

130, 525

2,1541,4826,7389,7051,8711,3466,5811,1529,350

40,379

16,0257,598

92,9081,3002,473

406858

121, 568

175

3,350 !

Billspayableand re-

dis-counts

301155

59210

923

97

9831

43

5

193

10

10

3,525 i

665,845 8,786

Capital(commonand pre-ferred)

74,91625,205

168,82837, 96228,11345, 70615,13633,120

428,986

5,3935,728

15,95715, 5895,2462,675

12,5282,070

27,470

92, 656

22, 61210,170

142,9502,2904,207

6001,625

184, 454

313

3,350

3,663

1, 772, 513

Surplusand un-dividedprofits,

includingreserves

39,81212,96073,85618, 90817,36424,3166,928

18,132

212,276

2,5192,0228,2098,8223,7561,9149,4951,163

13, 643

51,543

10,3757 699

115, 734808

2 403461894

138,374

245

1,788

2,033

1,283,777

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Page 81: Annual Report of the Comptroller of the Currency 1934

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

Page 82: Annual Report of the Comptroller of the Currency 1934

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.

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Page 83: Annual Report of the Comptroller of the Currency 1934

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

5,6711,239

6,910

9353

32

"374"

Com-mercialpaper

boughtin openmarket

3,5637,812

11,375

14,460

5,810955

100502568285

1,775

245200

Loans to banks

On se-curi-ties

8,26511,555

19,820

3,149

2,6689425

43

10756

51

Allother

Loans on securities, exclu-sive of loans to banks

To bro-kersand

dealersin NewYorkCity

21,010 219,534884 18,570

21,894 238,104

71 20, 342500

718 4,9652,000600

2,40020 I 4,850

3513418126532243

3,4501,6001,900

1,000150

333 I 250

To bro-kersand

dealerselse-

where

16,67537,447

54,122

38, 521145

5,06837534082484172647358107419516620

50

Toothers

410,146163,848

573,994

80, 6591,963281

-66,01350,0789,12015,1777,4451,24619, 7365,4763,4085,6489,102

21,004671

8,130

Real-estate loans,mortgages, deedsof trust, andother liens onreal estate

Onfarmland

2051,346

1,551

3841

1344

10738

54024

2661,0801,632

601,597

On otherreal estate

9,05717, 555

26,612

36, 24889937

15,3501,660

3382,455

395854

1,5641,1062,0891,4135,2195,250

2542,558

Report-ing

banks'own ac-

cept-ancespur-

chasedor dis-

counted

45,60320, 774

66,377

17, 777

~~3~058~

2,140

124

All otherloans

362,686193, 272

555,958

199, 5613,967

452119, 53332, 69711,10121, 62310, 3813,081

17,12523,0335,964

15, 70233, 65032,1624,648

13, 606

Total

1,155,708486,000

1,641, 708

413, 2557,479

770227,25887,86021, 79942, 75023, 7185,510

42, 72734,63413,99623, 77753,47761, 6966,193

26, 729

Memoranda

Loanssecured

by •UnitedStates

Govern-ment

obliga-tions

66,94712,997

79,944

Totalloans eli-gible for

rediscountwith Fed-eral Re-

servebanks,

includingpaper un-der redis-

count

180,78686,511

267,297

528346

773177794074631110221449

2185214746

66,1601,428268

54,63316,0973,4935,1032,2771,2767,62412, 4052,3982,3979,81211, 5351,7808,367

tet

o

oog

8

wO

d

Qi

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Page 84: Annual Report of the Comptroller of the Currency 1934

Loans and discounts of licensed national banks, June 30, 1934—Continued

[In thousands of dollars]

Location

Accept-ances of

otherbankspay-

able inUnitedStates

OTHER RESERVE CITIES—Con.

Gal vest onHoustonSan Antonio...WacoLittle RockLouisvilleMemphisNashvilleCincinnatiClevelandColumbusToledoIndianapolis-..ChicagoPeoriaDetroit -Grand Rapids.MilwaukeeMinneapolis—.St. PaulCedar Rapids..DesMoines . . .Dubuque

Notes,bills,

accept-ances,and

otherinstru-ments

evi-dencingloans,

payablein for-eign

countries

1,055

108244

2,163

34

40

Com-mercialpaper

boughtin openmarket

2351,53510044387

2,513700225

610

1,013748

2,8493,630

Loans to banks

On se-curi-ties

32125

3415088

5835

2,762

10

1,530646544

3,551495

6143035

121

Allother

32252

139588190633

308

1522,418

5226612527115

298

Loans on securities, exclu-sive of loans to banks

To bro-kersand

dealersin NewYorkCity

4,525300

9251,050100900

1,798100

600

To bro-kersand

dealerselse-

where

434622899

224224859

1,6781,260

749

42972

20019,500

800

200

1,

1,

3358298275789

349

Toothers

2,01214,9242,835

847948

5,5966,668

11,99218,07925,44511,529

555,6022,3803,610

17,8641,023

26,39520,6968,3792,2063,359

35

Real-estate loans,mortgages, deedsof trust, andother liens onreal estate

Onfarmland

52204

1,51825678

725149

103

787

15

59615810

27680

On otherreal estate

5764,0501,488850100238

1,2571,1211,24614,2368,617

31,4232,034703

13, 273911

2,9583,1331,747

3521,327

208

Report-ing

banks'own ac-

cept-ancespur-

or dis-chased

counted

100

100

21,260

12

1,2421,155

790

All otherloans

5,93618, 7437,7613,1821,5268,54415,46716,62211,07619, 61810,416

4011,7122,1764,53711,155

95934,62457,18736,4062,2624,409

601

Total

9,00645, 78814,1155,2123,172

18,47927,16431,84133, 04967, 06331, 771

9821,0449,82812,75067,0562,946

68, 62388,28848,4198,596

10,634924

Memoranda

Loanssecured

byUnitedStates

Govern-ment

obliga-tions

1617396110221544192423731616172

43411456426272876254452613817

Totalloans eli-gible for

rediscountwith Fed-

eral Re-serve

banks,includingpaper un-der redis-

count

2,8168,1713,3331,244945

5,7526,3514,4103,6788,1404,415

203,5881,7503,4996,144559

10,48733,56328,2631,4002,151

85

W

oog

W

o

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Page 85: Annual Report of the Comptroller of the Currency 1934

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

Total New England States

New YorkNew JerseyPennsylvania-DelawareMaryland

Total Eastern States

5,917

489

15558

6,415

19,497

84,488

1061,756

135

15

66

117467

1,485

4,323

11,233

1,3842,8703,8301,5201,0001,755

17054087811570532

7001,047

680

2,4001,375

280225

67,803

79,178

1,712716

3413,3184,5294,863

25,172

4,4661,2353,176

113

8,990

11147

164386

2,4791

44590234

58

14,632

34,452

58

1232666

273

121381878

6

10145876017

511854

678,389

8

118

~996"

~~28"

18, 655

40, 549

20

125

2,246316

11,85814

139

14, 573

1001,250

402,100

4501,400

100

1,000

800800

10,400

93,445

331, 549

200296124999

1,6001,250

4,469

13,2449,4071,029

23,680

331

1,112

296

693221634

36876

2792,4013,879

140

72,403

126,525

752529

401,092

464335

3,212

599732739

1120

2,101

98510,5071,481

22,7892,0415,190

6521,3891,495

1658,528

8934,9925,779

11,150606

7,05051,346

127,987707

2,419

765, 787

1,339, 781

12,1359,7174,564

52,74716,07842,290

137, 531

105,58670,849

160,3562,1927,267

346,250

381300211

11774443410115526

74437

424603168

5386

15,46360,749

210248

92,413

93,964

436627

1,132654200494

3,543

7,9512,56613,1681,0002,660

27,345

1511,752

1044,143

16375489 i132 !368

51,404

31,790

9831,504

4162,979

146,019256,062

1,5301,343

90

28

561,108

587, 720

5,2273,5534,20834,3224,16619, 722

71,198

70, 78165,016115,0961,2006,542

258,635

275

121,0116,700

192

41485

526

952

291

2,67220,9213,56630,0763,74816,0171,3592,2552,580397

13,112760

12,2569,98824,8891,43318,365103,279153,8972,9912,896

1,260,702

1,816,660

18,45613, 57311,69663,04312, 55445,636

164,958

157,124117, 762238,8574,11020,334

1,243 | 538,187

5,68338,7519,35461,8247,39626,2883,9584,58311,741

70825,2491,98920,24928,92140,4803,30530,305323,834630,1795,7187,549

3,007,558

3461,58013343410358491591572

427231651062404

1181,487637521

32,476

4,649,266 I 112,420

38,97629,03121, 799166,47441,860114,731

412,871

363,149268,266545,5118,53337,075

1, 222, 534

317175209

1,165261476

2,603

1,075714

1,9626

93

3,850

3,02312,4275,5178,5431,4698,635

7751,4817,634

3007,183

8383,9592,037

11,718688

8,96215, 27035,184

1,4492,001

486,910

754, 207

6,1475,1824,310

26,63810,48911,680

64,446

58,93131,66164,1181,1336,387

162, 230

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Page 86: Annual Report of the Comptroller of the Currency 1934

Loans and discounts of licensed national banks, June 30, 1934—ContinuedIn thousands of dollars]

Location

Accept-ances of

otherbankspay-

able mUnitedStates

COUNTRY BANKS—continued

VirginiaWest Virginia...North Carolina..South Carolina..GeorgiaFloridaAlabamaMississippiLouisianaTexasArkansasKentuckyTennessee

Notes,bills,

accept-ances,and

otherinstru-mentsevi-

dencingloans,

payablein for-eign

countries

Total Southern States.

382

391

OhioIndianaIllinoisMichigan..Wisconsin .

23

199

1,740

35204

2,194

Com-mercialpaper

boughtin openmarket

Loans to banks

On se-curi-ties

41991030010

6471,856329

260627222335741

6,656

2123517

Allother

418

463 !1,9532,7161,4011,550

37957689525

4351743631047

1,292220190

1,090693328142273

Loans on securities, exclu-sive of loans to banks

To bro-kersand

dealersin NewYorkCity

5, 230 1, 201

To bro-kersand

dealerselse-

where

235316

2062

10426312

521002048720811595

57

27969

1,113

262 !1,591966911126

1602516200

30955

2322539

Toothers

26,84616, 7904,0311,5504,3594,5987,6633,6654,96012,5002,94010,5467,354

107,802

38,05612, 25618, 64116, 49918, 605

Real-estate loans,mortgages, deedsof trust, andother liens onreal estate

Onfarmland

1,8281,183

4301,631

7632,2132,9521,9299,7571,8744,5341,986

37, 648

12,0734,8798,1191,6663,187

On otherreal estate

17,23911,2272,086723

1,9222,0633,7383,5643,0328,2122,4436,8504,042

67,141

Report-ing

banks'own ac-

cept-ancespur-

chasedor dis-

counted

259

"215"

"77"

616

27,41111,8588,234

10,0798,256

All otherloans Total

67,28829,85215,1627,670

12,3097,503

28, 2108,35412,15989,42113, 29030,31127,330

348, 859

65,47923, 79646, 52017,11828.383

119,47261,21823,04311,00120,93618,46944, 59718,74923,569

121,98721,41053,00641, 812

579, 269

Memoranda

Loanssecured

byUnitedStates

Govern-ment

obliga-tions

597434181872343432567564758259256196

3,740

144,443 I56,484 i86,166 !49,110 I60, 376 J

1,903855775207381

Totalloans eli-gible for

rediscountwith Fed-eral Re-

servebanks,

includingpaper un-der redis-

count

27,6339,4836,4644,1525,8064,6489,3733,2574,36946, 2305,2949,4018,364

144, 474' i -1—

21,93510,11021,3746,65613,089

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Page 87: Annual Report of the Comptroller of the Currency 1934

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

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Page 88: Annual Report of the Comptroller of the Currency 1934

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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Page 89: Annual Report of the Comptroller of the Currency 1934

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

Obligations of—

Total

978, 779411,552

1, 390,331

Recon-structionFinanceCorpora-

tion

95,31575,750

171,065

176, 0525,4421,221

154, 414252, 75398.60351, 25916, 5223,598

32, 37511, 792

23

FederalFarm

MortgageCorpora-

tion

2,62312

2,635

20

HomeOwners'

LoanCorpora-

tion i

6,218428

6,646

Total

104,15676,190

1,1141944

3,833350290133

2,30475

1,1141944

3,856350310133

2,31086

177,1665,6361,225

158,270252, 75698,65351, 56916,5353,60134,68511,878

Grandtotal

1,082,935487,742

180,346 1, 570,677

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.

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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

[In thousands of dollars]

oo

Location

OTHER RESERVE CITIES—continued

Jacksonville, _ -BirminghamNew Orleans - -DallasEl Paso - -Fort Worth _.GalvestonTTnnst.on . . _San AntonioWacoLittle RockLouisvilleMemphis _ - .NashvilleCincinnatiClevelandColumbus -ToledoIndianapolisChicago. > .PeoriaDetroitGrand Rapids - - _ _ -MilwaukeeMinneapolisSt. Paul.. _ _Cedar Rapids -Des MoinesDubuque

Direct obligations of the U. £

Bonds(including

bondsdepositedto securecircula-

tion)

14,3917,903

22,72529,8252,8737,7964,213

37,37714,6613, 5881,721

21,47812, 2595,149

11,98550, 58520,1331 724

21,8938,2289,197

56, 7673,845

34 98342, 34232, 238

1,8588,0051,736

Treasury-notes

14,0392,481

15,89012,0902,7162,6571,973

24, 7206,0371,383

5004,7539,0162,9759,422

18,15710, 519

1018,5331,8361,832

61,687686

35,82727, 5875,6411,625

10, 5781,145

Certifi-cates ofindebt-edness

210

6,6001 022

102,050

396

6,3711,040

1,2075,6261,401

1,181869695

14,10050

5003,8574,8251,1601,351

371

. Government

Treasurybills

598

2,705

2,686

5,985

100

20

178

1501,915

998

Total

29, 23810, 38445, 21545, 6425,589

13,1396,186

68,09222, 7485,4672,221

32, 62222,3158,124

22, 61474, 36832, 2311,825

31,60710,93311,874

134,4694,581

71, 31073, 78642, 7044,643

20,9323,252

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

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Page 91: Annual Report of the Comptroller of the Currency 1934

Sioux CityKansas City, Mo.. .St. Joseph __.St. LouisLincolnOmaha.Kansas City, Kans_.TopekaWichitaHelenaDenverPuebloOklahoma CityTulsaSeattleSpokanePortlandLos AngelesSan FranciscoOgdenSalt Lake City

Total other reserve cities.

Total all reserve cities

MaineNew Hampshire..VermontMassachusettsRhode IslandConnecticut

COUNTRY BANKS

Total New England States..

New YorkNew JerseyPennsylvania.DelawareMaryland

Total Eastern States.

3,51810,5141,910

24,8857,08015,4012,2464,3662,4451,76227,4534,03811,7869,904

30, 7262,085

47, 034122,081286, 724

40011,066

17, 54413, 2167,652

61, 23812,49532,985

145,130

127,363100,320197, 2772,42011,914

439, 294

2,68621,8313,525

47, 0215,18015,429

3712,3373,425381

22, 543450

1,0487,794

24, 376367

12, 34722,20573, 3212,331

28

2714,504242

9,6482,3691,851

2621,653

19709

15281530513

8813,529

1003,993

846

249300150

23,903

76

1,567,998 | 848,037 I 143, 599

2,199,145 1,280,701 251,887

3,0041,1431,429

24, 5777,57113, 695

2646676

1,299627

1,120

51,419 ! 3,452

40, 36416, 52233, 740

360

93, 474

6,6617,6833,631

31

18, 006

5,240

~6,~693'

6,57442,0895,677

88, 24714,629

67, 954

286,186

32, 7812,6177,06511, 5162,162

51, 5514,48812,84918,22855,9323,11559,381169,070363, 5742,73111,170

2, 627, 588

4,017,919

3,297

50498

1,000

4,845

34534

24,10914,4259,15787,16421,191

204, 846

4,586

46441625051720813117

165482113

1,007224471202664104509

41

1463495

6,70561102

130364

1,0257

3,9952,7058,200272139

4,609

175, 674

11,011 64,158

13,646 70,804

6916147

1,21955253

1,497544777

3,843661773

1,759 8,095

174,388124,559 j235,1822,78014,488

623 551,397

1,713 j639 J913 !29187

3,481

7,00112, 3427,211

43959

27, 556

211526129

5,8432746414034771055268

171364

1,03913

4,0292,80014,905

333241

79, 778

1,566560924

5,062716

1,026

9,854

8,71412,9818,124

721,146

31,037

6,78542, 6155,80694,09014,65633,2452,7577,09911,5932,26752,0774,49613,02018,59256,9713,12863,410171,870378,4793,06411, 411

2, 707, 366

260,124 4,278,043

25,67514,98510,08192, 22621,90749,826

214,700

183,102137,540243, 3062,85215,634

582,434

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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

[In thousands of dollars]

Location

COUNTRY BANKS—continued

Virginia..,.West VirginiaNorth Carolina _South CarolinaGeorgiaFloridaAlabamaMississippi __LouisianaTexas . . .Arkansas _KentuckyTennessee _

Total Southern States._

OhioIndiana _Illinois.Michigan _Wisconsin _Minnesota _IowaMissouri

Total Middle Western States

Direct obligations of the U. S. Government

Bonds(including

bondsdepositedto securecircula-

tion)

34,27023,2446.6786,0228,35225,54814,5566,4896,98351,08511,81517,85323,767

236, 662

30,97654,04726,14824,94632,80612, 79111,844

253,143

Treasury

12,1583,3611,1693,1001,47413, 5495,4491,395449

9,3821,6182,7454,694

60, 543

11,8808,34522,167

13, 26513,5813,9873,884

86,947

Certifi-cates ofindebt-odness

Treasurybills

63128949146610

1,67270795204

2,396215111138

18775

4,3051,3382,7071,386572

1,077

12,678

2,470

55046610051

3,899

25

650780

1,278183

Total

47,246

7,8969,26810, 43643, 23920,7127,9798,18663,32913, 74820,76028,599

308,367

72,18439,92081,16938,10440,99847,773

Obligations guaranteed by the U. S. Govern-ment as to interest and/or principal

Obligations of—

Recon-structionFinanceCorpora-

tion

FederalFarm

MortgageCorpora-

tion

33518718820422593204189104

1,014130588132

3,593

48

18,628 i16,988 !

248

2,996 355,764 I 296 6,044

HomeOwners'

LoanCorpora-

tion

2,1951,262

266394354

3,309906488126

1,030668

1,4432,381

14,822

510588

1,487324

1,581801552201

3,2173,7232,8101,6374,4562,372834708

19, 757

Total

2,5301,449

454598579

3,4021,110

677230

2,044798

2,0312,513

18, 415

3,7274,3114,3451,9616,0373,1731,634

909

26,097

Grandtotal

49, 77628,4188,3509,86611,01546, 64121,8228,6568,41665, 37314, 54622, 79131,112

326,782

75,91144,23185, 51440,06547,03550,94620, 26217,897

381,861

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Page 93: Annual Report of the Comptroller of the Currency 1934

North DakotaSouth DakotaNebraska _Kansas -Montana _Wyoming ,Colorado.New Mexico _Oklahoma _ _._

Total Western States

WashingtonOregon _CaliforniaIdahoUtahNevadaArizona

Total Pacific States _.

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

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Page 94: Annual Report of the Comptroller of the Currency 1934

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.

lln thousands of dollars)

Number of banks—

Obligations of—Reconstruction Finance Corporation.Federal Farm Mortgage Corporation.Home Owners' Loan Corporation

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-

tic corporations:RailroadsPublic utilitiesReal estate corporationsOther domestic corporations

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.

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Page 95: Annual Report of the Comptroller of the Currency 1934

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.

177,5,6361,225

158, 270

36,072

35, 366 19, 406706 5,158

24, 564

252,798, 65351, 56916, 5353,601

9,3831100J

3, 0621299!

15, 777!3,108!

34, 68511,878!29, 60312,15451,12546,179

2, 072|498!815|406

2,804641

3,79514422

3,2701,679

40246224078

380261251375325590

176, 63359, 578

236,211

13, 5821,790185

26, 9734,3364,3671,5575,1841,0183, 5331,3134,9341,8974,4576,004

514

343

"I

120115

1210

614

Bonds, notes, and deben-tures (not includingstock) of other domesticcorporations

Stock of other do-mestic corpora-tions

81, 83410, 751

92, 585

. . . . I 1,682I 516

265' 25,7081 16,777

8151,1,674

20!

840

1,618444

1,462262470183

38, 39415, 629

54,023

12, 6661,858473

19, 07410, 367

1202,451990

1,573108

1,223322317

1,2464,762

6,008

578465

110

4618

1,2571747752

8o

Sou

33,267 372!l6,542 34,29,013 3,998

62,280| 4,37016,

8,145781174

15, 47019, 203

8611,4161,789

53732867

1,259324

1,2362,865

d o

l!

448 8,057

142, 263 25,177

2404

119675

42

126

1,448643

125612

92

192

1,6731,743

1852

3563

302164542284739

Foreign securities

2*3

7,1279115

2,7501,244

49132221

37732611230

834135

.2.3 £ g! S*

a&«

a3 O

3,89111,262 467,708 11, 536! 97 149,653

5, 427111, 359 617,361 2,188, 038

1,60465

9711423

92

1, 943i

402!40|

230|1541

, 550, 643637, 395

"333J

33

74, 2256,7861,399

105, 39357, 585|22,450111, 27111, 2851,161

11,2194,063

11, 6483,761

11,39113, 782

251, 39112,4222,624

263, 663310, 341121,10362,84027, 8204,762

45, 90415, 94141,25115, 91562, 51659, 961

1 Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more States.OOCO

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Page 96: Annual Report of the Comptroller of the Currency 1934

United States Government, domestic, and foreign bonds, securities, etc., held by licensed national banks June 30, 1934—Continued

[In thousands of dollars]

Location

OTHER RESERVE CITIES—continued

El Paso.Fort WorthGalvestonHoustonSan Antonio...WacoLittle RockLouisvilleMemphisNashvilleCincinnatiClevelandColumbusToledoIndianaplisChicago-----...PeoriaDetroitGrand Rapids _MilwaukeeMinneapolis. _.St. Paul..Cedar Rapids..Des Moines

5,58913,1426,192

68, 95322, 9775,4822, 793

34, 74822, 4238,267

23, 80079,67635,4911,825

40, 79411,43011,904134,4705,12772,01175,29846,4144,825

21,862

Miscellaneous bonds, stocks, and securities, etc.

1!

•SB

1481,795

68551065

452

2,0531,772

312767

4,0935,116

161769607

6,67924

8371,715

373

4422393

6471915429

157330251409513405

14299109204810

6057072039530

165

HI

4,1901,5104,1363,2151,

52862

11,2745,2673,8383,3437,f

921,2773,6642,1333,790648

2,0887,6823,5243,0124,251

33

"891

82145

5793

117

Bonds, notes, and deben-tures (not includingstock) of other domesticcorporations

105455

31161063367375257

1,84749

2671,6175,2931,704511252845

1,383585

11,7935,8631,668

29514

4515240899138158

2,40688209

1,9231,5931,024

85648486

1,10974731

1,3681,606486360572

70567

1,6157

15

15357305

4726526

" 2 53

291312491672884645

294

Stock of other do-mestic corpora-tions

15570

5601,

46146188

1,753290

2,5123,8834,3642,131

26816

813614859

571,6242,2361,213

1, 762J

1,2917,1723,61411,0924,0642,2791,1608,57014, 42011,17113,55224,88220,3081,1314,4076,2426,08813,8861,07510,44321, 61311,6043,8018,449i

so

20,3149,80680,04527,0417,7613,953

43, 31836,84319,43837,352104,55855,7992,956

45,20117,67217,992

148. 3566,20282,45496,91158,0188,62630,311

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Page 97: Annual Report of the Comptroller of the Currency 1934

DubuQueSioux CityKansas City, MoSt. Joseph

g St. Louis§ Lincolng Omaha... _.cc Kansas City, Kans1 Topekaco Wichitaf Helena.

Denver..Pueblo

•̂ Oklahoma CityTulsaSeattleSpokanePortlandLos Angeles . .San FranciscoOgdenSalt Lake City

Total other reserve cities

Total all reserve cities

COUNTRY BANKS

MaineNew HampshireVermont .MassachusettsRhode Island.- . .Connecticut-

Total New England States

New YorkNew JerseyPennsylvaniaDelawareMaryland

Total Eastern States

3 4076,785

42,6155,806

94,09014,65633,245

2,7577,099

11,5932,267

52,0774,496

13,02018,59256 971

3,12863,410

171,870378,479

3,06411,411

2, 707,366

4, 278,043

25, 67514,98510,08192,22621,90749,826

214, 700

183,102137, 540243,306

2,85215, 634

582,434

2341,1381,831

2042,207

161899667739

1,41229

1,02610

736743

1 377386

50895

3,7326968

85,976

122,048

217243294

1,79555

771

3,375

2,4353,5066,625

781,166

13,810

1260

29962

68564

2553648

11118

50271363486

53285

2,1004,061

4294

28,766

53,330

416330271

1,745474

1,155

4,391

3,8312,8316,879

132348

14,021

1651,1738,161

7757,820

4937,022

8823,2211,607

9746,288

68819,4185,581

11,185956

11,37068,020

122,242637

3,154

441,946

678,157

1,670963

1,34912, 293

8408,415

25,530

80,50637, 75834,491

5764,970

158, 301

235140

425

64

1321,017

278

10100

1,168

7

5,700

98147

16

1045

104

58

46910

10, 6222324

13,971

5, 711 13, 992

467950

41638

6

635

646205

1,3197085

2,325

52258

306

37

653

139493946

620

1,604

240121674145

2,703112

2,3425

1214

2952,098

428392251

4,75899

4,1362,8438,044

373856

117,853

210,438

5,4772,9663,648

15,4781,4928,887

37, 948

66,03645, 21193,230

1,4505,021

210,948

103231802211

3,616101

1,7992424

3193

1,736747298171

2,889187

3,5024,0736,406

355608

96,260

150, 283

12,9785,8164,562

33,3345,479

10,061

72, 230

63, 06541,666

100,8412,0445,495

213, 111

482

1,157

63

5

2441025

130

14,4402,594

7

18150

1,088221

2,7635967174024

8483

1,293368639689

2,46269

2327,6397,075

400755

17,481! 110, 397

23,489

2592735

740328144

1,533

1,1401,3122,518

135363

5,468

172, 677

4,7631,9712,603

11,9961,3973,561

26, 291

28,44616, 34163,403

1,0963,293

112, 579

320

173

1

9526,082

550669

15, 637

20,007

1

840258

35

1,134

3,7692,854

3342

190

7,149

468

3

536100

33

6,364

23,354

4124

6130

547

316

259227670

22151

1,329

3,71010

2,2106

9

39

1,0061

15550

1,252

1,453

25,354

67,617

14617369

1,375127288

2,178

1,3331,0996,218

18140

8,808

125275153347

26118

90

_ . -6638110

143105632

61376

3,0903,854

1973

28,136

53,313

1,392281623

2,000215

1,219

5,730

6,4113,815

10, 590358339

21, 513

103113897

1113

10

50405

219769

103422

3,1511,329

3792

12,067

5819044653220

6

16175

126

157

1,326935

1,0235

13, 634

17,494 24,993

885181311

1,581176

1,201

4,335

5,7672,9309,090

148397

18,332

905295378

2,574258532

4,942

5,1052,6388,073

181388

16,385

7723,261

17, 5391,936

23, 7781,596

13,3731,6544,1833,1602,124

14,2502,377

23, 2629,018

24,0611,922

22,19499,334

179,5842,5387,893

1, 019, 542

1, 636,903

29, 21013,70814,19986, 60311,14236,359

191, 221

268,888162,886345, 227

6,31622, 366

805, 683

4,17910,04660,1547,742

117,86816, 25246, 6184,411

11, 28214,7534,391

66,3276,873

36,28227, 61081,0325,050

85,604271,204558,063

5,60219,304

3, 726,908

5,914,946

54,88528,69324, 280

178,82933,04986,185

405,921

451,990300,426588,533

9,16838,000

1,388,117

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Page 98: Annual Report of the Comptroller of the Currency 1934

United States Government, domestic, and foreign bonds, securities, etc., held by licensed national banks June SO, 1934—Continued

[In thousands of dollars]

00OS

Location

Miscellaneous bonds, stocks, and securities, etc.

3.2

i!"8.2

I I

Ill2*5

Bonds, notes, and deben-tures (not includingstock) of other domesticcorporations

3

Stock of other do-mestic corpora-tions

Foreign securities

file

COUNTRY BANKS—continued

Virginia.--West VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabama... -._MississippiLouisiana.- _TexasArkansasKentucky. _ ...Tennessee-

Total Southern States

OhioIndianaIllinois-Michigan -Wisconsin _Minnesota

49,77628,4188,3509,86611,01546,64121,8228,6568,41665, 37314, 54622, 79131,112

2,0721,172156537451

1,49654259285

3,3382,162449225

1,186606255164291382591202224

1,715293542

8,3776,9627,'"4,2222,8386,80211,6079,2005,38628,3555,4804,r~7,976

187 9023664 48

113444

39! 30129

5082215

1,3581610425

1714779123

2,1421,841177408902

1,1641,162353267

1,144856

1,979352

2,2112,415106139994

1,2722,131425546

1,114829

2,771

965531

"36303679271355

3257871713

2,4543,113

6478710

1,3291,521785466

2,4431,0132,4341,320

319727

513513423

16630

112113095801840

779789102908357178114400477113158406

30272324271674265689224224162362182

199155

167207

223493222435787264

154

10247186

11184

15540

21, 61619,5078,1035,7366,638

14,83520,65012,7187,678

41,04911,71813,98411,790

326, 782| 13,277 6,849 108,402 l f974| 2,405 12, 747 15, 651 4,129 17, 730 2,565 610 3,746 1,076 1,578 196,022

75,91144, 23185,51440,06547,03550,946

4,9063,9094,665366485

2,321

1,635731

1,188649718818

25,5875,16422, 26211,3429,20325,233

1,093791

1,1001977656

481479839208242398

8,8489,5556,3915,2255,6976,385

7,7378,0279,5807,29410,4935,840

420412496418361

8,0974,5238,326

7,1548,673

32225254534

420200412207293144

1,7842

1,0231,4241,3241,324

1,126334851841770

1,180

1,037107713615570724

63,49835,13158,02134,87637,48153,470

71,39247,92516,45315,60217,65361,47642,47221,37416,094106,42226,26436,77542,902

522,804

139,40979,362

143,53574,94184,516

104,416

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Page 99: Annual Report of the Comptroller of the Currency 1934

Iowa.. _ _ ._ .Missouri

Total Middle Western States

North DakotaSouth DakotaNebraskaKansas ._ _.MontanaWyomingColoradoNew Mexico. _ _.Oklahoma.. _

Total Western States..

WashingtonOregonCalifornia . .Idaho..Utah.Nevada ._. _ . . _Arizona _

Total Pacific States .

Alaska (nonmember banks)The Territory of Hawaii (nonmember

bank).

Total (nonmember banks)

Total country banks

Total United States.

20,26217,897

381,861

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

1,0491,618

19,319

515908

2,1611,317

944629

1,1581,7551,228

10, 615

74027728898

5191229

1,828

40

40

62, 264

184,312

323268

6,330

213197314494195119236

88477

2,333

33816169886282683

1,420

35, 344

88, 674

6,5536,018

111, 362

4,8247,8863,757

11,8934,9252,2104,4022,112

30,128

72,137

9 6886,989

30,9722,891

3812,0302,191

55,142

1213,245

3,366

534,240

1,212,397

212202

3,727

8411510088279469

100145

822

194106524

15126

434

393

393

10, 310

16,021

126138

2,911

15337413254

16856

16657

129

1,289

187844888

21135

455

14297

311

1,534591

44, 226

895545705395

1,084296791

91594

5,396

2,034336

2,574357

6218260

5,605

831,699

1,782

1,9771,054

52,002

1,291819862366

1,638275

1,50999

606

7,465

1,490531

4,549295

7814686

7,175

2901,377

1,667

9, 628 318, 652 369, 301

23,620 529,090 519,584

68130

2,694

125134

71

68705941

9

464

6937

7585

50

919

241

241

15, 448

38,937

1,569914

45, 244

1,3001,0511,065

6711,705

2661,539

1551,469

9,221

2,191271

2,93616653

125436

6,178

1171,044

6860

774

3

156192261

26

287

398

398

1,161

218, 404! 12, 307

391, 081 32, 314

4

114

1

1

117

11

6

3

1

27345

2,048

11612471020372049

212

19716

2776

17

- ~ l 4

10 517

199

100

2, 39017, 609

25, 744 85, 226

274177

8,157

28914631538779147

26713

209

2,464

351147207991338

6

861

1010

20

42, 028

95, 341

104140

5,346

29164

390133484

19307

1166

1,765

1331516536

10

395

548

53

12620

3,912

12510113975

72941

1439

29

1,391

14025

3335

220

14,01411,675

308,166

10,10612,3609,959

16,07812, 7874,114

10,7454,552

35,171

115,872

17, 7589,035

44,1714,156

6402,8163,286

525 81,862

371

38

31, 302 28,771

48,796 53, 764

7188,454

9,172

34, 27629,572

690,027

23,97721, 74831, 30439,43427, 20111, 38524, 2579,763

57, 733

246,802

37,82418,90573, 09111,7151,6878,103

10,927

162, 252

2,11215, 572

17, 684

1,707,998 3,433,607

3, 344,901 9, 348, 553

M

aogS3O

1-3

WQ

W

to

ol

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Page 100: Annual Report of the Comptroller of the Currency 1934

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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Page 101: Annual Report of the Comptroller of the Currency 1934

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

[In thousands of dollars]

Yearended

* June30—

1918.—1919.—1920192119221923.192419251926. -19271928192919301931193219331934

UnitedStates

Govern-ment

securities

2,129,2833,176,3142, 269, 5752,019,4972, 285, 4592, 693,8462,481, 7782, 536, 7672,469, 2682, 596,1782,891,1672,803, 8602, 753, 9413, 256, 2683,352, 6664, 031, 5766,003,652

Otherbondsand se-curities

1,840,4871,875, 6091,916,8902,005,5842, 277,8662,375,8572, 660,5503,193, 6773, 372, 9853, 797,0404, 256, 2813, 852, 6754,134, 2304, 418, 5693, 843,9863, 340,0553,344,901

Totalbondsand se-curities

3,969, 7705,051,9234,186, 4654,025,0814, 563, 3255,069, 7035,142, 3285, 730, 4445,842, 2536,393, 2187,147,4486, 656, 5356,888,1717, 674,8377,196, 6527, 371, 6319,348,553

Loans anddiscounts(including

redis-counts)

10,135,84211,010,20613,611,41612,004, 51511, 248,21411,817, 67111, 978, 72812, 674, 06713, 417, 67413, 955, 69615,144, 99514,801,13014,887, 75213,177, 48510, 281, 6768,116, 9727,694,749

Losseschargedoff onbondsand se-curities

44,35027,81961, 79076,17933, 44421,89024, 64225,30123, 78327, 57929,19143,45861, 371

119, 294201, 848236, 557241, 789

Losseschargedoff onloans

and dis-counts

33,96435,44031, 28476,210

135, 208120,438102,81495, 55293, 60586, 51292,10686, 815

103,817186,864259, 478231, 420379,294

Percentage of lossescharged off—

On bondsand

securitiesto total

bonds andsecurities

1.12.55

1.481.89.73.43.48.44.41.43.41.65.89

1.552.803.212.59

On accountloans anddiscountsto total

loans anddiscounts

0.34.32.23.63

1.201.02.86.75.70.62.61.59.70

1.422.522.854.93

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Page 102: Annual Report of the Comptroller of the Currency 1934

Number of national banks, capital, surplus, act addition to profits, dividends, and ratios, years ended June SO, 1914 to 1984, inclusive

[In thousands of dollars]

Year ended June 30—

1914 _ . . .191519161917 -19181919192019211922 .192319241925192619271928192919301931193219331934

Numberof banks

7,4537 5607 5717,5897 6917 7628,0198,1478,2468,2388,0858,0707,9787,7967 6917,5367,2526 8056,1504,9025 422

Capital, par value

Preferredstock

53,793412,070

Commonstock

1,063,9781,068,5771,066, 2091,081,6701,098, 2641,115, 5071, 221,4531, 273, 2371, 307,1991, 328, 7911,334,0111, 369, 3851, 412,8721, 474,1731, 593,8561, 627, 3751, 743, 9741, 687, 6631, 568, 9831,463,4121,326 722

Surplus

714,117726,620731,820765,918816,801869,457984,977

1, 026, 270]. 049. 228

]]

L, 070, 600[, 080, 578,118,953, 198,899, 256, 945, 419, 695,479 052, 591, 339,493,876, 259, 425940, 598854, 057

Net ad-dition to

profits

149, 270

Dividends

On pre-ferredstock

127,095157, 544194,321212,332 i _.240,366 _282, 083216,106183,670203,488195, 706223, 935249,167252,319270,158301,804246,26152, 541

i 139, 780i 218, 384i 303,546

2 223,430

On com-monstock

120,947113, 707114,725125,538129, 778135, 588147,793158,158165,884179,176163, 683165, 033173, 753180, 753205, 358222, 672237,029211, 301169,1552 99,12472, 418

Ratios

Divi-dends oncommonstock tocommoncapital

Percent11.3710.6310.7611.6111.8212.1512.1012.4212.6913.4812.2712.0512.3012.2612.8813.6813.5912.5210.786.775.46

Divi-dends oncommonstock tocommoncapital

and sur-plus

Percent6.806.336.386.796.786.836.706.887.047.476.786.636.656.626.817.177.116.645.984.123.32

Net addition to profits

To com-mon cap-

ital

Percent14.0311.8914.7817.9619.3321.5523.0916.9714.0515.3114.6716.3517.6317.1216.9518.5514.123.11

i 8.91i 14. 92122.88

To com-mon cap-ital andsurplus

Percent8.397.088.76

10.5211.0912.1112.789.407.798.488.119.009.549.248.969.727.381.65

1 4.9419. 08

i 13. 92

To com-mon andpreferredcapital

i 14. 39i 17.46

To com-mon andpreferredcapital

and sur-plus

i 8.89i 11.71

s

1-3

W

oo

g8oFF

* Deficit 2 Revised.

od

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Page 103: Annual Report of the Comptroller of the Currency 1934

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

$200,000Capital of $200,000 but less than

$500,000 _Capital of $500,000 but less than

$1,000,000Capital of $1,000,000 but less

than $5,000,000Capital of $5,000,000 but less

than $25,000,000Capital of $25,000,000 but less

than $50,000,000Capital of $50,000,000 or more..

Total United States

i Includes overdrafts.

Num-ber ofbanks

1,244

703

211

1611

301

41

Loansand dis-counts,includ-

ingredis-

counts l

$150,335

2,8031,143,9961,

897,067

604,680

1, 390,

1, 332, 738 1

703, 745L, 881,477 1

Invest-ments

$136,748

L, 170,378

947,864

581, 223

:, 672,244

:, 532,099

464,089L, 366,127

Totalassets

$391,996

3,001,729

2,404,975

1, 585, 372

4,280,578

3, 798,137

1, 741, 5654, 543,131

Capital

$33,260

230, 520

181,166

121,030

279, 224

246,550

99, 500397,000

5,159 8,104, 209 7,870, 772 21, 747,483 1, 588, 250 1,313,916! 778, 566 17,589,882

Surplus,profits,and re-serves

for con-tingen-

cies

$25, 250

212, 647

159,052

91,214

233,536

276,181

85, 287230,749

Circu-lationout-

stand-ing

$21,981

167,922

117,202

79,632

167, 345

123,839

12,02588,620

Totaldeposits

$307,172

2,349,595

1,916,337

1,270,311

3, 566,699

3,087,218

1,504,8563,587,694

FEDERAL RESERVE BANKS

Assets and liabilities of the 12 Federal Reserve banks combined, as of the last weeklystatement date in October, 1932-34

[Tn thousands of dollars]

Oct. 26, 1932 Oct. 25, 1933 Oct. 31, 1934

Total reservesBills discounted...Bills bought in open market-.U. S. Government securities-Other securitiesUncollected itemsAll other assets

Total..

LIABILITIES

Federal Reserve notes in circulationFederal Reserve bank notes in circulation.Deposits:

Member bank-reserve account- ---GovernmentOther -

Deferred availability itemsCapital paid in -Surplus -—All other liabilities

Total.

3,276,603322,32233, 695

1,850,9495,425

332,923118,198

5,940.115

2, 688,871

2, 411,94628, 07829,969326, 987152, 303259, 42142, 540

5,940,115

3,828, 800114, 5936, 523

2, 400,1561, 559

385,196138,061

6,874, g

2,960, 748180, 363

2,693,12127, 758167,006385, 779145, 527278, 59935, 987

6, 874,888

5,211,92010.9856,082

2, 430,171

439, 993129, 601

8, 228, 752

3,160, 77728, 664

4,005,99992, 293163,510438,939146, 777139, 22852, 565

8, 228, 752

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Page 104: Annual Report of the Comptroller of the Currency 1934

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

[In millions of dollars]

Date

Assets

Bills and securities

Billsdis-

counted

838835633532471470525433340322309267

265327559385302191161153133115119111

83645340342721212011

Billsboughtin openmarket

16213366463864403434343533

311803101772081077724111

111622910555566

UnitedStates

Govern-mentsecuri-ties

Total i

Totalreserves

Reservenotes incircula-

tion

Liabilities

FederalFederal Reserve

bank-note

circula-tion,net

Deposits

Mem-bers'

reserveTotal

Capitaland

surplus

1932Jan. 27Feb. 24Mar. 30Apr. 27May 25June 29July 27Aug. 31Sept. 28Oct. 26Nov. 30Dec. 28

1933Jan. 25Feb. 21Mar. 29Apr. 26May 31June 28July 26Aug. 30Sept. 27Oct. 25Nov. 29Dec. 27

1934Jan. 31Feb. 28Mar. 28Apr. 25May 30June 27July 25Aug. 29Sept. 26Oct. 31

752741872

1,1911,5251,8011,8411,8521,8541,8511,8511,851

1,7631,8341,8381,8371,8901,9752,0282,1292,2742,4002,4322,432

2,4342,4322,4322,4302,4302,4302,4322,4322,4302,430

1,7881,7241,5781,7742,0402,3402,4122,3242,2322,2122,2002,157

2,0642,3462,7132,4052,2162,1772,2002,2912,4162,5232,5762,655

2,6292,5592,5142,4812,4702,4632,4592,4592,4592,453

3,2633,2153,3143,3133,1402,8522,9043,0553,1683,2773,3193,406

3,5473,3783,5733,7253,8073,8343,8183,8283,8243,8293,7783,778

3,7924,1404,5354,7634,9025,0455,1335,2405,2175,212

2,6272,6432,5462,5272,5332,7562,8342,8142,7212,6892,6922,735

2,7063,0003,7483,4243,2033,0613,0042,9742,9732,9613,0303,081

2,9262,9802,9973,0303,0523,0563,0603,1033,1353,161

143796120123131146180205210

20319512378604634323029

1,9451,8781,9112,1142,2142,0342,0722,146

2,4122,4112,482

2,5132,2711,9872,1362,1672,2862,3062,4272,5962,6932,5732,675

2,6523,0933,4393,7443,7633,8374,0204,1273,9704,006

2,0991,9732,0192,2342,3212,1072,1652,2412,3532,4702,4842,563

2,5872,3992,2032,3452,3942,5102,5742,0972,808

2,7962,829

3,0353,2653,6573,9294,0484,1964,2884,3614,3104,262

419417415415414414413413412412411411

430429428429429425425425424424424423

284284284285285286286285285286

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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Page 105: Annual Report of the Comptroller of the Currency 1934

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:

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Page 106: Annual Report of the Comptroller of the Currency 1934

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

Total

15,894 5,422 10,472 8,348 316 578

713,9548,445,913

5,222,757163,851

632,1166,239,333

232,7361,098,014

2,594,386104,057

236, 7493,428,807

481, 2187,347,899

2,628,37159,794

395,3672,810, 526

246,829644,342

615,31916,673

81,5341,320,133

87,379979,121

1,896,44342,567

297,9031,322,340

55,414280,401

13,552113

2,84544, 764

88,7815,439,753

35,810136

28582,543

21,417,924 13,723,175

13,229

10,995,673

235,89763,326

368,371292,012

3,325,06525,72637,046

4,753,325770,450422,603

10,235

2,924,830

2,428

4,625,753

3,495

397,089 5,647,308

5,645,741 5,349,932

175,97033,671148,270184,312

1,212,39716,02123,620

1,478,692231,958197,901

59,92729, 655220,101107,700

2,112, 6689,70513,426

3,274,633538,492224,702

1,049,573

5,36519,93676,02837,931

485,5406,6337,910

463,10677,29955, 669

2,964,969

54,5516,939

69,21255,175

564,9272,9994,022

702,983270,54690,328

162,037 991,998

1,4326,1441,213

130,243

236

49,4041,5081,124

1,15568,11513,126

914,31360

1,168

2,047,417147,34971,961

21,289,494 9,348,553 11,940,941 2,284,990 4,786,651 353,341 4,256, 662

2,8154,282

67,247305

12,80040,746

128,195

4,287

181,355

11193602255

17,6451390

11,72341,7905,620

259,297

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Page 107: Annual Report of the Comptroller of the Currency 1934

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

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Page 108: Annual Report of the Comptroller of the Currency 1934

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

181,8236,22714,928

73,906

410,258

322,461541, 273

2,695,0523,174, 691643,442475,181

650

698,29313,6722,0074,399

133,22141, 741

74, 566

168,1514,22010,529

163, 47832,165

412,0701,325,75L.854,057257,311151, 267

571

322,461129, 203

1,369,2952, 320, 634386,131323,914

79

93,6381,1549,944

25,9406,252

139,330

131, 25652,413536,073252, 22487,24087,871

44

54,3103,019585

108,19523, 587

175,101

161,15561, 527748,352926,422146,950202,467

34

4315

368

757

1,35015, 26329,26319, 2555,1099,147

1

1,648

13,752

28,700

1,073,097144,35317,050

Total liabilities 56,159,925 23,901,592 32,258,333 7, 299, 339 12, 455,304 905,950 11,065, 068

13,40342

29,343310

6,752

55,60749,6362,4797,379

532,672 wa

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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Page 109: Annual Report of the Comptroller of the Currency 1934

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

Location

MaineNew Hampshire.VermontMassachusetts...Ehode IslandConnecticut

Total New-States

England

New York . . . ,N*»w JerseyPennsylvaniaDelawareMaryland _District of Columbia.

Population(approxi-

mate)

804,000470,000361,000

4,335,000705,000

1, 655,000

8,330,000

13, 059,0004, 231,0009,826,000242,000

1, 671,000497,000

Total Eastern States.—! 29,526,000

Virginia. _ i 2,446,000West Virginia.. _..| 1,786,000North CarolinaSouth Carolina—GeorgiaFlorida..."AlabamaMississippi—LouisianaTexas

Num-ber of

10211395

40935

201

Assets (in thousands of dollars)i\ L

Loans anddiscounts(including

redis-counts)

118,615111,47099,395

2,000,381202,837652,762

3,185,460

4231,111

4919221

2,718

181214126322155217214147957

7,981, 457863, 762

1, 695, 30777, 257217,55288,657

10,923,992

246, 763125,55796,83329,071155,33745,15294,99953,499116,868367, 724

Over-drafts

28717100722

181

6,0346444785133

6,637

4014361627

Invest-ments

167,128154,38975, 575

1,450,545253, 551420,011

2, 521,199

7, 415, 471774, 589

2, 378, 67768, 795

373,613103, 375

11,114, 520

141,25179,49391,19533,50099, 975124, 60672, 76452,091107,057373,157

Bankinghouse,

furnitureand

fixtures

3,7994,3033,590

68,3494,894

31,941

118,876

324, 84278,449

162,9764,428

17,49615, 719

603,910

3, 301,0001, 750,0002,911,0001,575,0002, 710,0002,057,000 214 53J499 3562,166,000 147 116,868 1396,073,000

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.

15.06710,02510,1082,27014, 7698,9137,2874,32710, 34438,921

Realestateownedotherthan

bankinghouse

3,0605,285

16, 506112,540

3,38834,855

175, 634

243, 56656, 926100, 5812,7616,4895,314

Cashin vault

Reservewith Fed-

eral Reservebanks orother re-

serveagents

5,3242,6352,347

58,6547,562

14,601

91,123

133, 64629,03463,3481,6709,7017,828

10,8754,0962,608

245,31635,47748,939

347,311

1, 662, 06189,354

397, 5419,281

74,58529, 342

415, 637 | 245, 227 j 2, 262,164

8.5647,6083,7562,1468,1532,6516,9562,9333,651

14, 798

9,3768,0366,8833,6756,7566,1785,0803,7825,297

20, 306

21, 5069,81154, 6978.153

35, 31412,85614,7674,52023, 762144,138

Otheramountsdue from

banks

27,59912, 72513,395

226,14319, 49576,910

376,267

697,878141, 583362, 25113,10560,63724, 983

Exchangesfor clear-ing houseand otherchecks on

localbanks

Outsidechecks

andothercashitems

293225103

11,2101,5583,324

16, 713

326,1927,14233,176

4623,8894,866

1,300,437 j 375,727

72,81939,96615, 76525, 63849, 54048, 773"38V 52131,67553,864229,049

2,394836

2,872468

1,877

829443

4,1736,040

274290194

2,51975649

4,001

9,3611,7445,170

49467518

17,309

Other

1,337758

1, 63143,5302,6675,176

55,099

659,23327,16173,310

5595,1041,350

766,717

2,512192519301805655

1641,0212,599

5,8521,7472,1552,0222,4042,3273,3322,4213,1889,617

Totalassets

338,332296,183215,361

4, 219, 287531, 511

1, 289,190

6,889,864

19,459,7412,069,8085, 272, 784

178, 375769,584281,985

28,032, 277

526,172283,311284, 797107, 280375, 092253,106245,858156, 2.11329,364

1, 207, 233

Wwoo

g

oFF

W

o

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Page 110: Annual Report of the Comptroller of the Currency 1934

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

LocationPopulation(approxi-

mate)

Num-ber ofbanks

Assets (in thousands of dollars)

Loans anddiscounts(including

redis-counts)

Over-drafts

Invest-ments

Bankinghouse,

furnitureand

fixtures

Realestateownedotherthan

bankinghouse

Cashin vault

Reservewith Fed-

other re-serveagents

Otherdue from

banks

Exchangesfor clear-ing houseand otherchecks on

localbanks

Outsidichecks

andothercashitems

1347 259

2,555 5081, 740 2,155

Otherassets

Totalassets

Arkansas...Kentucky..Tennessee..

1, 876,0002,657,0002, 676,000

230444329

47,125191, 785159,024

76126166

Total Southern States.. | 33,984,000

Ohio. .IndianaIllinoisMichigan..Wisconsin ~Minnesota.IowaMissouri. . .

Total Middle WesternStates

North Dako ta -South Dakota...NebraskaKansasMontanaWyoming-ColoradoNew MexicoOklahoma

Total Western States. _

Washington-OregonCaliforniaIdaho

3,864 j 1,729,737 2,151

6, 836,0003,304,0007,876,0005,093,0003,005,0002, 602,0002, 485,0003, 678,000

687520878435607691622702

I34, 879,000

705,0001,395, 0001,905,0002 537,606232,000

1,056,000437,000

2,475,000

9,430,606

1,608,000990,000

6,158,000448,000

5,142

2112124357521256316243417

2,420

202105

64

759, 297213, 530859,314298, 236273,281271,635154,474348,669

16048273748411973174

3,178,436

25, 77928,94382,691125,57227,17520,21960, 3129,55197,126

1,005

5711730234910100

477,368 445

129,70154,241

1, 512, 77515, 284

774289736

42, 833137,373117,305

3,33610, 27313, 650

2,2446,5848,719

2,5967,2466,878

22, 42113,61016,486

13, 61257, 24374, 781

1,472,600

673, 705209,164

1,213,735389,092277,652353, 797164, 543476, 957

3,758,645

149, 290

64, 24622,02653,91426, 75023,06318, 6309,753

20, 826

239, 208

28,33731,465110,408108,50448,44514,563111, 06411,872136,557

601, 215

2,9733,3028,36712, 2963,8721,5695,3221,27911,409

50,389

179, 793114,303

1,353,93326,388

9,9506,776

96,7381,991

78, 763

28,5068,70319,18812, 2075,849

2,08713,250

92,089 j

37, 73316, 56360,83922,45813,1229,20110,13713, 276

93, 773 183,329

1,111852940

4,011633300

1,445309

10,570

2,1971,12358,306

275

1,2681,4024,2205,5272,4281,5156,1321,0844,578

28,154

6,7744,48531,7222,117

382,041 751,546

166, 55733,141432,454121, 43790, 27045, 95024, 76690,171

147,858112,442404,11995,93053,735134, 26398, 754229,116

25, 562 12, 636

1,36110,39715,168

136, 210437, 700416,072

61,991 4, 758,406

12, 7541,

9,4163,1847,9812,2269,405

1,004, 746 1, 276, 217

7,2733,68229,14221, 56519, 7864,14232,7823,10741,820

7,82515,81477,174104, 49911,55410, 01650, 7437,96471,484

163, 299

41,90816,730

264,1892,139

357,073

38,42626,931168,93614,648

77,835

213278

2,0381,255268128

1,991129

1,844

8,144

2,8761,766

29,27176

4,339

3,8885,8101,8623,2251,3871,410

16,1543,527

21, 6255,9509,5971,819

11, 521

1,911, 309623,919

3,121,6111,003,035748,052858,381470, 019

1,214,775

24,815 113,092 9,951,101

164186790

1,18717166

1,11173

1,038

872839

1,3072,361923203

1,537247

2,062

75,83686,801317,134386,894115, 28552, 744272,48835,625

4,786

1,069641

15,613236

10,351

6,1912,40548,586

631

1, 711, 794

418,962229,443

3,580,96663,821

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Page 111: Annual Report of the Comptroller of the Currency 1934

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

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Page 112: Annual Report of the Comptroller of the Currency 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)—Continued

Location

Maine.. _New HampshireVermontMassachusettsRhode IslandConnecticut..

Total New Eng-land States

New YorkNew JerseyPennsylvaniaDelaware-MarylandDistrict of Columbia...

Total EasternStates _..

VirginiaWest VirginiaNorth Carolina _.South CarolinaGeorgiaFloridaAlabama _MississippiLouisianaTexasArkansas

Liabilities (in thousands of dollars)

51,999 230,11730, 533 216,18019,060 147,945

818,304! 2,530,74192, 712 342, 639

202,962 871, 614

1,215,570

6,020, 676502,285

.1,457,13161, 720

189,498119,843

155,984104,234122,17951, 326131,418115,41286,76464,052124,760563,55957,486

4,339, 236

7,110,7851,131, f"2,198, 338

65,146389,31493,094

8,351,153 10,988,346 1,081,171 2,383,356

215,407109, 70075,17126,197104,12961,01773,59353,51990,177187,10739,607

1,622829446

116,4884,58211,228

135,195

880, 954 131, 721128,2502,705

34, 2343,307

7,0311,7943,1791,65119,67311,0708,2611,16617,60777,3381,149

5,8355,2061,274

202,73110, 48423,343

503485367

8,168544

1,940

248,873! 12,007

, 893,539 167,090 10, 336 16,29,2991 5,066 "391,674 ~"1,879'3,70518, 260

39,6629,02634,5319,34243,79922,29114,0884,21441,197131,5258,082

18,453314

1,1551,629

177

1,847

"729

2,317686

3,621350955

1,536529484

1,97615,161

587

290, 076253,233169,092

3,676,432450,961

1, 111, 264

5,951,058 48,029

|

4,4034,8913,97119, 2176,1439,404

J, 083, 380 54,124l,709,887| 27,6234,193,846

131, 764663, 635236,133

193,707 20,912 23,018,645 188,110

420,401225, 440238, 681

299,974211,326183,235123,435275, 717974,690106,911

97,4641,2034,8442,852

18,8259,3144,0642,33211,1598,16811, 3552,3318,59743,2633,606

PQ

2,013!456

1,6043,217

109,..I 3,465

3,809

11,099 19

23,885!18,406!13,498

1871,030100

57,106

1,85390010417

1,321188440

1,904821

4,3203,377

871387

1,1005774134

2,623

461394838535523810

4033

3,465

1!o

§ 193

14, 708

14, 768

11 244,536 556

I "•231

50|.

3782

478252

15253282

3,8483,f744

9,042

276 21,9214,2853,971264600710

568 257,044 31, 751 188, 376 1, 562, 581

1,22323646865

459758476292715

1,48081

230;62;

362'8, 4741,2582,948

13,334

88,030 115,21682, 372

7201,145893

16, 4317,407

22, 841148,27219,47545, 331

259, 757

, 036, 565 1140,646312, 77613, 23837, 52121,835

7,179203

1,223£, uyu1,020638

1,4094,8451,5421,651191

49,17329.31222, 3938,32336,196-22,16931,85517, 31726,655112,18114,335

I15, 44519,8843,38096235

9,1399,4661,955

o aSB

£

£04

196,235114,893 30,47543,836 5,610 18577,450 28,680 9,555

356,230169,743 53,199

588,902 129,902; 187,858101,102449,43723,05337,19913,175

19,36612,1149,6052,61914,615-7,-08510,8444,1438,67447, 7914,193

11,8

436709|

19,486! 31, e81, 4373,99115,8684,412

2,212,868 255,096 257,385

5,9423,3093,3511,6875,2992,1672,4261,2773,52516, 4652,336

24,8593,8987,3901,720

2,1082,3444,847

6724,903

5713,376

6272,5934,6141,177

7122651205

121

161843

" 4 7

124

6

91

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Page 113: Annual Report of the Comptroller of the Currency 1934

KentuckyTennessee

Total SouthernM States

§ Ohio® Indianaf Illinois1 Michigano? Wisconsinf MinnesotaI Iowa.JP Missouri

Total MiddleWestern States.

North Dakota _South DakotaNebraskaKansasMontanaWyomingColoradoNew Mexico.Oklahoma

Total WesternStates

WashingtonOregonCaliforniaIdahoUtahNevadaArizona _

Total PacificStates

Alaska _The Territory of Hawaii.Puerto Rico . . _Philippines

Total possessions.

Total U n i t e dStates and pos-sessions

146,742139,542

1,863,458

630,508256,638

1,466,143387,980243,641279,816217,383591,850

4,073,959

26,33638,487

143,154201,12449,58922,547

120,62721,381

187,097

810,342

147,97689, 718

834,88133,83739,6959,546

28,839

1,184,492

4,98729,64113,97737,896

86,501

17, 585,475

133,295127,760

1,296,679

816,930210,132662,315357,750302, 766341,683144,013256,688

3,092,277

30,62327,30168,98980,20741,35318,70087,022

7,59382, 780

444,568

156,84890,120

1,929,28018,19850,8136,580

19,469

2,271,308

5,42247,24516,17751,072

119,916

22, 552,330

12,21015,051

177,180

46,03510,87559,47521,79219,43611,3475,540

40,578

215,078

915824

4,4596,932

385100

1,476233

6,286

21,610

9,2421,664

91,042439

1,28660

157

103,890

4922,008

59

2,559

1,736,683

30,12237,496

425,375

88,01938,134

428,18550,89544,45594,78736,598

125,794

906,867

1,9913,054

55,46132,5454,8752,496

24,4061,049

31,792

157,669

35,65915,392

171,9391,7759,997

831,432

236,277

1571,7375,2216,128

13,243

4, 371,660

5,2661,381

34,849

10,4751,632

20,7076,6364,209

11,2682,728

12,820

70,475

494632

2,1232,379

925240

2,118254

3,858

13,023

1,6531,201

22,469388693268520

27,192

85482558734

1,859

353,112

4,216

4,216

208

208

512

251

268

25, 781

327,635321,230

3, 797,541

1,591,967517,411

2.636,825825,053618,723738,901406, 262

1,027, 730

8,362,872

60,35970,298

274,186323,18797,12744,083

235,64930,510

311,813

1,447, 212

351,378198,095

3,049,61154,637

102,69216, 53750, 417

3,823,367

11,14381,11836,00496,081

224, 346

46,625,041

10, 50716,181

149, 702

36,01614,61321,82810,05422,20922,9516,8877,933

142,491

2,1711,4817,7059,7532,0611,3527,5171,204

10,053

43, 297

16,0898,738

93,3081,2992,456

417854

123,161

1753,328

3,503

698, 293

1,0806,654

22, 979

781630

61,1113,4421,943

135936

13,047

82,025

238242

116947472

5111070

1,922

48250

4,5225

118

4,943

371,452

24236

1,749

181,823

941

135190

29515

5

442

635515

1,777

?18

158

2,097

92472

105

6,227

9,687170

9,988

682

9

182

28

901

. . . . . .

6

6

14,928

464

1,635

218

9,63811

148178

487

10,680

2

2

18564

11,812

286

12,347

201

22

223

296,699

279222

6,754

1,732401

7,9094,4861,0791,972

234665

18,478

196160259176166

7827

8193

1,992

230237

4,0458

2483946

4,853

271179586

1,036

73,906

22,65918,076

63,332

7,3502,372

19,95732,209

8771,036

40811, 533

75,742

109165172965

2467

1816

431

2,120

2,133555

23,5007

259

98

26, 552

36015,79824, 644

40,802

410,258

39,29736,279

445,485

186,34054,822

237,36186,16869,41361,33636,720

102,709

834,869

9,30710, 65223,84832,2009,9284,171

15,7262,700

31, 503

140,035

30,27712,587

223,6925,100

11,796745

3,800

287,997

92810,3054,598

12,231

28,062

3,558, 786

19,23412,856

173,139

56,82822,12064,01422,88420,16020,52411,23530,058

247,823

2,5032,0586,285

12, 7993,5852,0397,949

9358,292

46,445

11,6416,477

100, 5051,0663,204

3001,517

124,710

4425,936

5966,502

13,476

3,174,691

4,5023,338

55,624

16, 5297,818

24,0279,8837,6526,7444,260

14, 575

91,488

5501,2742,9684,6841,165

7263,671

2204,121

19,379

4,8951,801

40,707699

1,675282401

50,460

342521285504

1,652

643,442

2,765570

31,167

12,7313,519

38,9228,6995,8334,4203,0726,010

83,206

340416

1,679657

1,15520441532

2,347

7,245

2,076614

29,10897257649

135

33, 530

922,876

9605,521

9,449

475,181

8

119

231742

2

84

42

234

6

48

11

842840

154

650

i Includes preferred stock where authorized, and capital notes and debentures (see classification on pp. 104,105).

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Page 114: Annual Report of the Comptroller of the Currency 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)—Continued

[In thousands of dollars]

Location

MaineNew HampshireVermontMassachusetts _Rhode IslandConnecticut _.

Total New England States.

New YorkNew JerseyPennsylvania _Delaware _Maryland __District of Columbia -

Total Eastern States

VirginiaWest VirginiaNorth Carolina.. _South CarolinaGeorgiaFlorida.Alabama.Mississippi _Louisiana _ _Texas

Loans and discounts

Real estate loans,mortgages, deeds

of trust, andother liens on

real estate

Onfarmland

On otherreal

estate

5,0604,837

29, 2721,4252,1799,285

46,89769,15035,074

L, 322,783121,337446,784

52,058 2,042,025

Loanson se-

curities(exclu-sive of

loans tobanks)

23,55818,73412,955

245,69136,99098,778

436,706

43, 7663. 753,202 2,280,10245,87016,072|3,42010,478

46

356, 7111456,83525,82791,11223, 576

119,652;4,707, 263 3,164,397

15,012 37,9324,879 27,4015,5361,535

170,644602,26229,56749,15732,665

11,477. , 2,8736, 773 16,8361,863 " "oo!

5,19614,3169,083

6,867,283[

22,638i

10,39516,36631,709

56, 71935,18819, 7854,512

44,13712,85215,7906,756

23,97874,661

Loansto

Com-mercialpaper

boughtin openmarket,

accept-

All otherloans

etc.,payable

35520

3,52678

156

4,135

70,7515,697

16,216158643

93,473

2,102867680310372

It'1,172245

1,9032,030

1,712721183

41,7579,2207,871

61,464

374,077 14,10310,6952,860990

1,411

4,5902,4561,241457972

2,8005,422

53,2285,962

41,03318,00821,911

385,19933,033

589,072

L, 459, 559280, 737593,22715,42565,17230,951

394,136 2,445,071

130,40854, 76658,11419,38486,24718, 66058,47321,78262,310

230, 724

Investments

U.S .Govern-

mentsecurities

52,66129,78614,220

97, 762118,059

911,426

Obligations of—

Recon-struc-tionFi-

nanceCor-pora-tion

5,680,140'151,853

78,37243,08942,64014,§3765, 762

_84,33836,63013,60460,281

248,555]

151

!Fed-eral

FarmMort-gageCor-pora-tion

26216

2431,231192365

2,309

7,844968

2,32ll

HomeOwn-ers'

LoanCor-pora-tion

2,3782,7194,09421,0035,815;

Federalland

and in-termi-diatecreditbanks <

States,counties,districts,politicalsubdi-visions

andmunici-palities *

312,724

81815, 777

654,177| 1,950

40,186; 21,651

20,649 6,37219,09621,687i

if 386

572564

1,925

11, 7767,3073,835

138, 095V "'

31, 356

Terri-torial

and in-sular

posses-sionsof the

UnitedStates

527950

95638

199,464 1,181

90,939 66,384 1,276,3451 902---•-' 140,1531 289

243,978 2, 7366,828 7020,610 1613,447 40

,691,36l| 4,198

20,88510, 482|37,35012,902|9,799

18,67018,29031,41423,85461,988

200413193

304153123501630490

Jointstockland

banks

202258

37

Bonds,notes,and

deben-tures of

rail-roads,etc.*

Stock ofFederalReserve

bankand

otherdomes-tic cor-pora-tions

82,21787,73342,598586,78091,269181,451

8951,072,048

9961,473,843990 275,235

773,99034, 618

134,53213,545

2,8536

22222

5,089 2,705,763

17762

1,27177112455526018

2,929

20,62713,4582,2972,76310,24710,1329,4672,8505,667

21,256

8,70119,8974,51668,12248, 47240,316

190,024

392,460

9,9716,6201,788853

3,7902,2832,001638

5,73822,164

Foreigngovern-mentbondsand

otherforeignsecuri-

ties

8,5623,8705,201

19,2452,843

42, 294

82,015

108,12615, 69182,8912,5004,344

935

214,487

1,9241,479

202434

2,0851,1391,756

362955

1,755

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Page 115: Annual Report of the Comptroller of the Currency 1934

ArkansasKentuckyTennessee

Total Southern StatesOhio...Indiana _Illinois ...Michigan .._Wisconsin . . .MinnesotaIowaMissouri

Total MiddleStates

Western

North Dakota-South Dakota.NebraskaKansasMontanaWyomingColoradoNew Mexico....Oklahoma

Total Western StatesWashington.-.Oregon..CaliforniaIdaho _UtahNevada _.Arizona

Total Pacific StatesAlaskaThe Territory of HawaiiPuerto Rico .-Philippines

Total possessionsTotal United States and

5,52129, Oil12,484

133,84738,11726,86126,08423, 42225, 50126, 79831, 51422, 571

6,60635,41915,817

229,060270,6456,19967, 790102,66942,01925,00419, 66051, 555

220,868 635, 543

3,4712,6495,73611,3622,5291.9273,683935

4,257

36, 54910.3513,138

122, 5001,8663,849283

1.102

143. 089

793,0844,728

7,891

1,8891,1,912

10,4071,2121,3,716

5,374

28, 44236, 4346,897

711,759841

11,189946

4,158

5,30637,66633, 632

370, 982206, 22139,328328.07582,52874,47448, 02614,63783,009

876. 2981,4641,983

10,9929,8634,4861,879

16, 529507

15,443

63,14619, 26610,375

246,8901,-"""7,863660

4,716772, 224 291, 2501,12019,9241, 326!

31,3J

1517,956

5531,454

377846

2,077

14,6756,6322,06917,6232,6421,160926855

1,570

33,47721186836

1,232329

10712

11,391

13,82646178

2,25796162

35

1,3404,7362,119

27,97584,10792,895

35,328j 945,8452,5804,05951.3217,2383,8425,7749,90312, 516

97,233 1,315,017812826

4,4228,7391,177

65891149

1,005

18,0S62, 784519

16,158307|715

235,10085,014368,42179, 737

126, 285165.10777, 905177, 448

22,01872, 06662,322

844, 514 211370,434110, 570754,639! 76,700253, 619148, 662193, 37391, 590295, 748

101406

i, 110

2,218,635! 83,319

18,12221, 33158, 79383, 96917, 739i15,07335,4047,23259.656

317.319

483

60,82033.134

413.21110, 69416,6251,7054,475

2, 774) 20, 966| 540. 664

19,978

282109

1,100

30| 2,741244! 8,693

1, 4271 29, 0963. 202! 45,815

1. 4911 4. 903' 86. 345

13,84510, 74475,31851, 72723,0007,747

75. 2955, 74556,824

!0, 245107,33874,001

765, 27314, 28325,8826,01911,163

1,003.9592,40013.183

293878

16,754

713,954 8,445,913i5,222,757 163,851 632.116 6,239,333 10,995, 673 235, 897

502

12

3441,308495

8,6572,6901,8043,0442,0634,2923, 0692,7511,849

21, 56261408

1, 6012,8262929945145620

6. 959, 845416

10, 247413305243

12, 253

2,092 2, 5898,012 3, 9633,558 2, 505

44,33531, 54818,1117,27011,9048, 7039,1575,29410,422

102,4091,052972

.1, 8702,3601,154636

1,194293

1, 365

37,88921,1297,8,7,9241,2797,7844,3U20,029

79,095612

1,7714,4925,6281,542854

2.6282,1362,866

10,896} 22.5294,0094,159

20, 779362

1,270204722

31, 5055

300

305

63, 326 368, 371

2,811365

5,677579241211

1,047

10.931

174

895

9, 529,13, 04033,137

57916223

301, 340| 3,771

3336230

5,899

4,42732,3158,256

143, 76282, 41212,082

161, 59242, 73120,19'70,08332,09060,594

481, 7815,689

11, 52613, 62341,6349,6133,162

14. 7552,622

64, 652

167, 27637, 20221, 741

386,8186,:9,6502,2506.226

470. 767497

6, 24536

l,069| 13,076

292,012 3,325,065

2,0172,4312,101377266473367

1.324

9,356

96115180263151129147100

1,294

2,47528920

1,9033204815172

2,767

1,065569344

1.978

25, 726

1,6732,2201,355461321447588

1,205

8,270156536267178327230334

2,460303553

11,853152741148

12, 994114681

644

1,439

127, 95443, 585150, 78160,38481,49256,98522.83049,603

593.614

5,1334,675

10.4511,9979,3391,375

13,162677

5,610

52,419

23, 30810,030

113.4432,3448,294

5682.398

160,385

1,93310, 6771,272

11, 452

25, 334

37,046 4,753, 325

7983,9756.292

16,911

20,4556,072

22, 2283,4214,6603,4182,289

24, 266

86,809

217217662994332179

1,106114

2,225

6,046

1,321493

21,667221

3,68026

234

27, 642

1107

2448

4012,133

687

15,311

13,3934,486

25,1936,2077,7798,9072,0235,807

73, 795

920501

1,944897

2,695152

1,99242

767

9,910

1,8652, 525

16, 26183441940

477

22, 421

1841,699

52,776

558j 4.664

770,450; 422,603

O

HO

wQO

S

o

HW

o

I9

O

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.

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

Page 116: Annual Report of the Comptroller of the Currency 1934

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

[In thousands of dollars]

Location

MaineNew Hampshire .VermontMassachusetts...Rhode IslandConnecticut

Total New England States

New YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of Columbia.

Total Eastern States-

VirginiaWest Virginia-North Carolina.South Carolina-GeorgiaFlorida _.AlabamaMississippiLouisianaTexas._

Capital stock, capitalnotes and debentures

Capi-tal

notesand

deben-tures

215

~7,~025

7,240

3,547

1,0462,983

5,8514,9416,935

Pre-ferredstock

5,801929

8,21513,473

6007,543

36,561

177, 469 112,505300

10405

6,3451,850

34,82330,265

1002,2071,500

186,379 181,4001,194,802

2,3055,610

9001,3001,178

14,2201,5923,950

19,427

Com-monstock

10,4156,4787,601

134,79918,87537,788

215,956

746,591105,523282,50112,73328,96918,485

39,84723,46016,7836,37731,91320,99117,6359,87417,76485,819

Demand deposits

Depositssubjectto check

42,98225,82617,667740,10979,238176,243

1,082,065

5,284,878391,994

1,318,63348,404152,025113,434

7,309,368

136,94485,37394,85937, 730114,62788,42172,10343,409

105,100493,556|

Certif-icatesof de-posit

186613149

5,0181,6901,025

35,5515,7157,060

17699861

49,903

878824934213

1,06098

1,10787

1,0255,031

Publicfunds ofStates,

counties,school

districts,or othersubdivi-sions ormunici-palities

8,1254,062

92561,2207,543

19,190

101,065

376,616

88,83710,33813,567

49

587,995

17,07316,82424,60513, 24114, 79224,84812,51220,25016,93461,424

Depos-its ofotherbanks

26894

232156

750

47,182790

6,481

3,755

58,208

67

470130

10250

Otherde-

mand

its

7063251

11,8634,0096,348

23,009

276,4495,198

36,1202,961

19,4525,499

345,679

1,0891,1461,781

142939

1,575912306

Time deposits

Depositsthe pay-ment ofwhich

has beendeferredbeyondthe timeoriginallycontemplated

2,079

2,241

99012,018

47376

656

14,213

1183,101

80900

66

1567

Publicfunds ofStates,

counties,school

districts,or othersubdivi-sions ormunici-palities

617126126

13,2641,533

10,320

25,986

41,0498,506

16,893247

3,742510

70,947

3,276119

3,2891,556

424817

2,203

6,0545, 953,

Depos-its ofotherbanks

10325

720309241

1,317

14,8932,050

28,11720

5,911102

51,093

7552811337051

2252,318

Other time deposits

Evi-dencedby sav-

ings passbooks

225,977210,532146,580

2,425,730326,060822,675

4,157,554

6,487, 7171,029, 5221, 717,636

61,192339,85485,898

9,721,819

165,80372,51041,99217,52773,21044,94755,33528,87456, 956

126,034!

Certifi-cates ofdeposit

1,3271,708

64037,26510,34124,305

75,586

145,71519,331

156,315738

16,3891,697

340,185

36,39618,62721,2972,909

19,542969

8,06219,08015,65831,374

Christ-mas

savingsandsimi-lar ac-counts

1,196991131

10,2162,6443,052

18,230

9,7989,9056,336393

2,2312,186

30,849

1,335786167154503193

1,029243331721

Openac-

counts

132213

29,423

5,778

35, 546

321,5804,921

186,4471,117

13,1341,334

1,9724,714

3452,4292,518

285

3,9533,503

Postalsav-ings

depos-its

7832,491

46312,044

1,7525,243

22,776

89,04345,41686,121

1,3637,3971,367

528,533 230,707

5,7529,5628,2132,7367,9709,6076,2145,3226,844

17,197

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Page 117: Annual Report of the Comptroller of the Currency 1934

ArkansasKentuckyTennessee _

Total Southern States .-

OhioIndianaIllinoisMichiganWisconsin _ _. _ . _MinnesotaIowaMissouri

Total Middle Western States. _

North Dakota.South DakotaNebraska _ .KansasMontanaWyomingColoradoNew MexicoOklahoma

Total Western States

WashingtonOregonCaliforniaIdaho . . -UtahNevadaArizona

Total Pacific States

Alaska - -The Territory of HawaiiPuerto Rico . _-Philippines

Total possessions

Total United States and pos-sessions

25, 303

54, 4579,7955,706

13, 3563,355

951

87,620

1,4341,315

582

3,331

2,294979

5,000

2,225

840

11, 338

1,250

1,250

322,461

3,7621,5005,300

70,371

15, 5347,932

81, 52035,866

1,52711,9369,0937,984

171, 392

1,8552,6957,2153,8941,8211,0454,068

6408,103

31,336

1,613572

43,8971,5801,763

50100

49, 575

38600

638

541,273

10,57237,79730,979

349,811

116, 34937,095

150,13550, 30254, 53046,04526,67694, 725

575,857

6,0186, 642

16, 63328,3067, 5253,126

11,6582,060

23,400

105,368

26,37011,036

174, 7953,5207,808

6952,860

227, 084

8909,7053,348

12, 231

26,174

2,695,052

43 70C126,708112,760

1,555,290

490,021185,131

1,199,523310,814168,167207, 893157, 622508,360

3, 227, 531

21,55730, 992

115, 037146, 08334,72414,076

100, 48513, 703

147, 267

623,924

108, 22265,884

759,99420,67128, 6155,982

21,348

1,010,716

4,12420,2028,895

28,261

61,482

14,870,376

47C2,080

781

14, 588

6,4254,724

12,1923,5667,4763,6183,8296,704

48, 534

541364

3,9567,2231,337

7812,268

5121,343

18,325

1,4231,1799,820

879552

1510

13,878

301,279

101475

1,885

155,794

12 62416,35024, 221

275,698

108,96562,915

244, 91452,45766,07465, 34053,43671, 582

725,683

3,8647,060

23,91744,99313, 3806,913

15,0537,137

35,159

157,476

36,41121,40752,61512,2729,7383,5467,466

143, 455

8043,4222,4628,655

15, 343

2,006,715

9

487

1,423

466

9929

4031,499

c1,915

4,002

1785

77388

1,269

1,925

130

130

66,438

6831,6041,293

16,459

25,0513,8629,415

21,1141,5211,4662,4913,289

68, 209

37471

2412,647

143700

2,43324

2,059

8,692

1,9201,248

12,45215

6603

15

16,313

294,7382,519

505

7,791

486,152

14512

4,585

6,460610

1,15319, 356

1,4931,2512,118

11

32,452

461496

19

_ _92

1,059

1

1

54, 551

204887

2,286

27,068

6,329435

2,6721,449

11,7232,149

171,339

26,113

2,087258

1,262500

2127

458137

3,716

8,466

197460

198,42246

28688

983

200,482

20629

3,0459,765

13,459

372, 521

274189

5,867

12, 528

1,5253,4131,3112,4772,0347,618

311,894

30, 275

21622

2,5654380

4,62510

3,946

11, 309

192

4,40653

331

3

4,985

111, 507

21 08772,66869, 052

845, 995

658, 847129, 748514, 537294,031190,907227,978

70, 612149, 243

2, 235,903

10,9978,569

28,19524, 56521, 98110, 63768,470

4,68535, 076

213,175

136, 07970, 717

1, 556, 54610,99443, 511

5,17213,957

1,836,976

3,82333, 711

7,58326, 973

72, 090

19, 083, 512

11 29554,52037, 056

276, 785

87, 06854, 31389,10528, 59380,93787,15463,83678,199

569, 205

15, 79212,94935, 36645,61312,6325, 7317,7421,906

19,111

156,842

9,4097,597

38, 4834,9443,844

276810

65,363

71411, 7395,227

11,949

29,629

1,513,595

76368435

6,341

7,0771,6541,3931,2381,495

862189532

14, 440

4836

7533773491

49520

212

2,066

243

2,8641

27

8

2,927

7744610

830

75, 683

413228

1,014

21, 374

5,7694,519

32, 505853

3,9941,739

113,622

53,012

1051

705444203

2592

11,545

13,075

1,110813

13,803158142

16,026

3

2,375

2,378

669, 944

6 2584,290

12,038

102,003

43,85515, 44019,6399,753

10,18312,9327,227

11,848

130,877

1,2264,9262,6856,1346,4392,1095,140

8359,082

38,576

9,83710, 530

114, 7562,0022,6721,0443,708

144, 549

865389275

1,529

671, 017

See note on p. 101.

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Page 118: Annual Report of the Comptroller of the Currency 1934

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

notes and debentures-

69,847,195652,339665, 81747, 678585,969

122, 7371,816,891

66, 864,744639, 304457,620312, 335938,407

97,8391,067,821

45,390,269652,168

1, 248, 78048, 613

528, 310

77,271761, 219

41,538,470730, 435503,88326,799

441,813

76, 300603,920

46,625,041

3,889,4194, 968,9991,154,804• 268,276

4, 792,8511,010,128* 358,102

3,317,8644,058,070

716, 598« 445,969

2,899, 5413, 371,321

646,246468,180

Total. 74,020,124 70, 209,149 57,245,131 51,301,908

188,05014,928

296,699

73,906410,258322,461

3,236,3253,174,691

643,442475,181

650

56,159,925

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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Page 119: Annual Report of the Comptroller of the Currency 1934

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

LocationPopulation(approxi-

mate)

Demandand timedeposits

(000omitted)2

Per cap-ita de-mand

and timedeposits

Savingsdeposits

(000omitted) a

Per cap-ita sav-

ingsdeposits

MaineNew Hampshire-VermontMassachusettsRhode IslandConnecticut

Total New England States.

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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Page 120: Annual Report of the Comptroller of the Currency 1934

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

Total Southern States

Ohio _Indiana _IllinoisMichiganWisconsin _MinnesotaIowaMissouri

Total Middle Western States

North DakotaSouth Dakota.._NebraskaKansasMontanaWyomingColoradoNew MexicoOklahoma

Total Western States

Washington _OregonCaliforniaIdahoUtahNevada _Arizona _ _

Total Pacific States

AlaskaThe Territory of HawaiiPuerto Rico _Philippines

Total possessions

Total United States and

Population(approxi-

mate)

2,446,0001,786,0003,301,0001,750,0002,911,0001, 575,0002,710,0002,057,0002,166,0006,073,0001,876,0002,657,0002,676,000

33,984,000

6,836,0003,304,0007,876,0005,093,0003,005,0002,602,0002,485,0003, 678,000

34,879,000

688,000705,000

1,395,0001, 905,000* 537, 606232,000

1,056,000437,000

2,475,000

9,430,606

1,608,000990,000

6,158,000448,000520,00094,000457,000

10,275,000

61,000415,000

1, 645,10012,927,400

15,048, 500

141,473,106

Demandand timedeposits

(000omitted)

371,391213,934197,35077,523235, 547176,429160,357117,571214, 937750,66697,093280,037267,302

3,160,137

1,447,438466,770

2,128,458745, 730546,407621,499361,396848,538

7,166,236

56,95965,788212,143281, 33190, 94241,247207,64928,974269,877

1,254,910

304,824179,838

2, 764,16152,03590,50816,12648,308

3, 455,800

10,40976,88630,154

206,417

40,137,805

Per cap-ita de-mand

and timedeposits

151.84119. 7859.7844.3080.92112. 0259.1757.1699.23123.6151.76105.40

92.99

211. 74141. 27270.25146.42181.83238.85145.43230. 71

205. 46

82.7993.32152.07147. 68169.16177. 79196. 6466.30109.04

133. 07

189. 57181.65448. 87116.15174. 05171. 55105. 71

336. 33

170. 64185. 2718.33

13.72

283.71

Savingsdeposits

(000omitted)

202,19991,13763,28920,43692, 75245,91663, 39747,95472, 614157,40832,382127,188106,108

1,122, 780

745,915184,061603,642322,624271,844315,132134,448227,442

2,805,108

26, 78921, 51863, 56170,17834,61316,36876,2126,59154,187

370, 017

145,48878, 314

1, 595,02915,93847,3555,44814, 767

Per cap-ita sav-

ingsdeposits

1,902,339

4,53745,45012,81038,922

101,719

20,597,107

82.6751.0319.1711.6831.8629.1523.3923.3133.5225.9217.2647.8739.65

33.04

109.1255.7176.6463.3590.46121.1154.1061.84

80.42

38.9430.5245.5636.8464.3870.5572.1715.0821.89

19.24

90.4879.11259.0235.5891.0757.9632.31

185.14

74.38109. 527.793.01

6.76

145.59

* Population Apr. 1,1930.

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Page 121: Annual Report of the Comptroller of the Currency 1934

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

Total Eastern States

Virginia—West VirginiaNorth Carolina _South CarolinaGeorgiaFloridaAlabamaMississippiLouisiana __TexasArkansas _KentuckyTennessee

Total Southern States.

225,977210, 532146, 580

2,425, 730326, 060822, 675

4,157, 554

6, 487, 7171, 029, 5221, 717, 636

61,192339,85485,898

9, 721,819

165,80372, 51041,99217, 52773,21044,94755, 33528,87456, 956126,03421,08772,66869, 052

845,995

1,3271,708640

37,26510,34124,305

227,304212, 240147, 220

2, 462,995336,401846, 980

507,366361,329320,402

3,770,463392,106

1,389, 249

62,18016, 80226,925240, 29612, 51975,925

6441,702319

29, 0225,9909,392

62,82418, 50427,244269,31818, 50985, 317

131, 64650, 79770,123

600, 29515,607186, 608

163, 797193, 730119,655

2,185,434313, 541746, 750

3218,2434,35114, 913

164,480193, 736119,976

2,193, 677317,892761, 663

375, 720310, 532250,279

3,170,168376,499

1, 202,641

75,586 4,233,140 6,740,915 434,647 47,069 481,716 1, 055, 076 3,722,907 28, 517 3, 751,424 5,685,839

145, 71519, 331156, 315

73816,3891,697

9, 655,8912,305,4453,470, 212107,821756, 453221,830

612,879324,030723, 0628,05579,16241,135

63,9284,248

90, 520273

3,2311,209

676,807328, 278813, 5828,328

82, 39342,344

1,658, 343787,107

1, 581, 27810, 705123, 848

5,874,838705,492994, 57453,137260,69244, 763

81, 78715, 08365, 795

46513,158

5,956,625720, 575

1, 060, 36953, 602273,85045, 251

7,997, 5481, 518,3381,888,934

97,116632,605132,132

340,185 10, 062, 004 16, 517, 652 1, 788, 323 163, 409 1, 951, 732 4, 250,979 7,933,496 176, 776 8,110, 272 12, 266, 673

36, 39618, 62721, 2972,90919, 542

9698,06219,08015,65831, 37411,29554,52037,056

202,19991,13763, 28920, 43692,75245,91663,39747,95472, 614157,40832,382127,188106,108

440, 669233,313170, 02465, 752336,180167,255251,41789,995266, 280318, 38056,407212,127270,887

276, 785 1,122,780 2, 878,686

104, 39937, 28311,9256,91553, 56533, 37040, 23814, 03340, 553120,01913,63138,41252, 253

18, 7828,2276,698783

7,773343

5,0654,2945,24118,7396,01417,22018, 704

123,18145, 51018, 6237,698

61, 33833,71345, 30318, 32745, 794138, 75819, 64555, 63270, 957

232, 275109,73053,81930, 578240,458126,334118,99634, 501212,976286, 56234, 30587, 059217,192

61,40435, 22730,06710, 61219,64511, 57715,09714,84116,4036,0157,456

34, 25616, 799

17, 61410,40014,5992,12611, 769

6262,99714,78610,41712,6355,281

37,30018,352

79, 01845,62744, 66612, 73831,41412,20318,09429, 62726,82018, 65012, 73771, 55635,151

208, 394123, 583116, 20535,17495,72240,921

132,42155,49453,30431,81822,102

125,06853, 695

566, 596 117,883 684,479 1, 784, 785 279, 399 158,902 438, 301 1,093,901

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.

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Page 122: Annual Report of the Comptroller of the Currency 1934

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]

Location

Total all active banks

Depositsevidencedby savingspassbooks

Time cer-tificates of

deposit

Totalsavingsdeposits

Deposi-tors

Deposits | T i m e e e r .

passbooks d eP° s l t

National banks

Totalsavingsdeposits

Deposi-tors

All banks other than national

Depositsevidencedby savingspassbooks

Time cer-tificates of

deposit

Totalsavingsdeposits

Deposi-tors

OhioIndianaIllinoisMichigan __Wisconsin.Minnesota.IowaMissouri. _.

658, 847129, 748514, 537294,031190,907227,97870, 612149, 243

Total Middle Western States. _ 2,235,903North Dakota.. __South DakotaNebraskaKansas _Montana..Wyoming....ColoradoNew MexicoOklahoma

Total Western States.WashingtonOregonCaliforniaIdaho.-UtahNevadaArizona

10,9978,56928,19524,56521,98110,63768,4704.68535,076

213,175

136,07970, 717

,556, 54610,99443, 5115,17213,957

Total Pacific States — . 1,836,976AlaskaThe Territory of Hawaii-Puerto RicoPhilippines

3.82333,7117,58326,973

Total possessions__Total United States and pos-

sessions

72,090

19,083, 512

87,06854, 31389,10528,59380,93787,15463,83678,199

745,915184,061 I603,642322,624271,844315,132134,448227, 442

1,855,144488,792

1,970, 267956,876889,162739,201312,953626,166

201,78955, 060327,098129, 778101,918136,15026,86566, 525

41,57218, 25844, 2217,96923,91440, 43316,19716. 575

243, 36173, 318371,319137,747125,832176, 58343, 06283,100

569, 205 2,805,108 | 7,838,561 1,045,183 209,139 1, 254, 322

15, 79212,94935, 36645,61312, 6325,7317,7421,90619,111

156,842

9,4097,59738,4834,9443,844276810

65, 363

71411, 7395,22711,94929, 629

26,78921,51863, 56170,17834,61316,36876, 2126,59154,187

370,017

145,48878,314

1, 595,02915,93847, 3555,44814,767

1,902,339

4, 53745,45012,81038,922

101, 719

1, 513,595 20, 597.107 39,163.700

49.30349,471146,484163,56958,00033,851190,56216,391127,287

9,5916,219

24, 20119.06113,3907,709

56, 6653,659

32, 944

10,0656,36518,06717,0377,4683,1925,8091,559

13, 720

19,65612, 58442, 26836,09820,85810,90162,4745,218

46,664

834,918 173, 439 83, 282 256, 721

565,831175, 456

1,126, 061393, 734369, 798477, 736128,358238,119

457,05874,688187, 439164, 253

91,82843, 74782, 718

45,49636,05544,88420, 62457, 02346, 72147,63961,624

502, 554110, 743232,323184,877146,012138,54991,386144, 342

1, 289, 313313,336844, 206563,142519, 364261,465184,595388, 047

3,475,093 1,190, 720 360, 066 1, 550, 786 4,363,46838, 24727, 523116, 56897,14333, 97323. 551148,94912,198

113,071

1,4062,3503,9945,5048,5912,92811,8051,0262,132

5,7276,58417, 29928, 5765,1642,5391,933347

5,391

7,1338,93421, 29334,08013, 7555,46713,7381,3737,523

11,05621,94829,91666,42624,02710,30041, 6134,19314, 216

611,223 39, 736 73, 560 113, 296 223,695378,662245,403

2,849,49742,350156.15810,16936,945

59, 21560,141

904, 6245,37614.7514,5653,423

6,0296,03238, 4831,7421,332

59218

65, 24466,173943,1077,11816,0834,6243,641

3,719,184 1,052.095 53,895 1,105,990

7,061153,04131,964441,718

1,28312,581

1633,658

1,44616,239

633,784 13, 864 3,821 17, 685

5,074,147 678,498 5, 752, 645

184, 701189, 574

1,850, 21016, 21948, 6917,43912, 241

76,86410, 576

651,9225,618

28, 760607

10, 534

3,3801,565

3.2022,512217592

80, 24412,141651 9228,82031,272

82411,126

193, 96155,829

999,28726,131107,4672,73024,704

2,309,075 784,881 11,468 796,349 1,410,1092,561

54,8572,54021,1307,58326,973

5518,0815,22711,949

57,418 58, 226 25,808

13,543, 649

3,09129, 21112,81038,922

4,50098,18431,964441, 718

84,034 576,366

14,009,365 835,097 14,844,462 25,620,051

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

Page 123: Annual Report of the Comptroller of the Currency 1934

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

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Page 124: Annual Report of the Comptroller of the Currency 1934

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]

Location

OhioIndianaIllinoisMichigan.- _. __WisconsinMinnesota _IowaMissouri ._

Total Middle Western States._ _North Dakota . . . _South DakotaNebraskaKansasMontanaWyoming _ _ColoradoNew MexicoOklahoma.

Total Western StatesWashingtonOregonCaliforniaIdahoUtah _NevadaArizona

Total Pacific States . - .Alaska . . . .The Territory of HawaiiPuerto RicoPhilippines

Total possessionsTotal United States and possessions..

State (commercial) banks

Depositsevidencedby savingspassbooks

348,11018, 241

187,439150,11583,51631,1747,901

18,326

844,822

1,9932,9505,4558,5912,928

11,8051,0262,132

37,872

27, 69510, 505

5,61814, 269

6076,457

65,151

2,54020,1897,583

26,r73

57,285

1,612,311

Time cer-tificates of

deposit

44,37723,24344,88419,58756,69246,61121, 50230, 728

287, 624

5,6306,206

17,29927,9065,1642,5391,933

3475,391

72,415

3,3801,565

3,2022,364

217415

11,143

5516,9605,227

11,949

24, 687

579,808

Totalsavingsdeposits

392,48741,484

232,323169. 702140,20877, 78529,40349,054

1,132,446

6,6228,199

20, 24933,36113,7555,467

13, 7381,3737,523

Deposi-tors

1,124,621108,464844,206539,987491,466165,4433 33,3013 85,952

3, 393, 440

10,434318, 614

26,40366,051

3 24,02710, 30041, 6133 4,19314, 216

110,287 215,851

31,07512,070

8,82016,633

8246,872

76,294

3,09127,14912,81038,922

81,972

2,192,119

94,82755, 563

26,13155, 2052,730

15,000

249,456

4,50097, 09131,964

441, 718

575, 273

6,458,949

Loan and trust companies

Depositsevidencedby savingspassbooks

38,199

1,253497

1,35764,392

105, 698

414357

34

805

1,050

1,050

941

941

1,955, 286

Time cer-tificates of

deposit

II, 578

331110175

30,896

43,090

97378

638

1,113

74

74

1,121

1,121

219,435

Totalsavingsdeposits

49, 777

1,584607

1,53295, 288

148, 788

511735

672

1,918

1,124

1,124

2,062

2.062

2,174, 721

Deposi-tors

174,879

7,248410

3 5,7283 302,095

490,360

6223 3,334

3 309

4,265

8,297

8,297

1,093

1,093

4, 764, 010

Stock savings banks

Depositsevidencedby savingspassbooks

13,194

34,294

47,488

1,044

1,044

564,349

13, 441

4,077

581,867

668,587

Time cer-tificates of

deposit

250

25,119

25,369

74

177

251

25,674

Totalsavingsdeposits

13,444

59,413

72,857

1,044

1,044

564, 349

13, 515

4,254

582,118

694,261

Deposi-tors

18,613

3144,548

163,161

3,513

3,513

928, 792

43,965

9,704

982,461

1,283,046

3 Estimated.

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Page 125: Annual Report of the Comptroller of the Currency 1934

Location

MaineNew HampshireVermontMassachusetts _Rhode Island . . .Connecticut

Total New England States

New York _ _New JerseyPennsylvaniaDelaware .— . . .MarylandDistrict of Columbia

Total Eastern States

Virginia __West Virginia-North CarolinaSouth Carolina - ._Georgia..Florida. - -AlabamaMississippiLouisianaTexasArkansas __ _ . _Kentucky -Tennessee . .

Total Southern States

Mutual savings banks

Depositsevidencedby savingspassbooks

118,350182,81475,324

2,045,087169,543661,173

3, 252,291

5,139, 593308,860512,10928,738

195,018

6,184, 318

Time cer-tificates

of deposit

64

64

136"

136

Totalsavings

depositsl

118,350182,81475,388

2,045,087169,543661,173

3,252,355

5,139, 593308,996512,10928,738

195,018

6,184,454

Deposi-tors 2

229,410280,846116,117

2,834,457188,088962,665

4,611, 583

6,463,196488,867644,92249,200

3 343, 749

7,989,934

Private banks

Depositsevidencedby savingspassbooks

243

243

1,3222

3,290

4,614

1163755

1,44626

2,175

Time cer-tificates

of deposit

95

95

2,247

2,222

4,469

18287

1,132

1,401

Totalsavings

deposits i

338

338

3,5692

5,512

9,083

18298

63755

2,57826

3,576

Deposi-tors 2

827

827

2,97639

15,655

18, 670

463,871

140

2,44067

6,564

Total all banks other than national

Depositsevidencedby savingspassbooks

163,797193,730119,655

2,185,434313,541746, 750

3, 722,907

5,874,838705,492994, 574

53,137260, 69244, 763

7,933,496

61,40435,22730,06710,61219, 64511,57715,09714,84116,4036,0157,456

34, 25616, 799

279,399

Time cer-tificates of

deposit

6836

3218,2434,351

14,913

28, 517

81,78715,08365, 795

46513,158

488

176,776

17,61410,40014,5992,126

11, 769626

2,99714, 78610, 41712, 6355,281

37,30018,352

158,902

Totalsavings

deposits i

164,480193,736119,976

2,193,677317,892761,663

3,751,424

5,956,625720, 575

1,060,36953,602

273,85045,251

8,110, 272

79,01845, 62744,66612, 73831,41412,20318,09429, 62726,82018,65012, 73771, 55635,151

438, 301

Deposi-tors2

375,720310,532250,279

3,170,168376,499

1,202, 641

5,685,839

7,997, 5481, 518, 3381,888,934

97,116632,605132,132

12, 266,673

208,394123, 583116,20535,17495, 72240, 921

132,42155, 49453, 30431,81822,102

125,06853, 695

1,093,901

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

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Page 126: Annual Report of the Comptroller of the Currency 1934

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]

Location

OhioIndianaIllinoisMichiganWisconsinMinnesotaIowaMissouri

Total Middle Western States.—North DakotaSouth DakotaNebraskaKansas... _.MontanaWyomingColorado..New MexicoOklahoma

Total Western StatesWashingtonOregonCaliforniaIdahoUtah...Nevada _Arizona

Total Pacific StatesAlaskaThe Territory of HawaiiPuerto RicoPhilippines

Total possessions.,.Total United States and posses-

sions

Mutual savings banks

Depositsevidencedby savingspassbooks

108,38917,864

4,22060,157

190, 630

49 16971

87 573

136,813

9,764,052

Time cer-tificates

of deposit

28361

Totalsavingsdeposits

108,67217,925

4,22060,157

344 190,974

Deposi-tors

161,94827,489

20,65095, 612

305,699

49,16971

87,573

136,813

i

544 9, 764,596

Private banks

Depositsevidencedby savingspassbooks

559384

944

195

2,082

j

99,134266

70,495

169,895

13,077, 111

15

15

Time cer-tificates

of deposit

8361,173

787

843

3,639

32

32

I

9,129 9,636

Totalsavingsdeposits

1,3951,557

1,731

1,038

5,721

47

47

18,765

Deposi-tors

2,7442,504

4,542

1,018

10,808

66

66

36,935

Total all banks other than national

Depositsevidencedby savingspassbooks

457,05874,688

187,439164,25388,98991,82843, 74782, 718

1,190, 720

1,4062,3503,9945,5048,5912,928

11,8051,0262,132

39, 736

76,86410,576

651,9225,618

28, 760607

10, 534

784,881

2,54021,1307,583

26,973

58, 226

14,009,365

Time cer-tificates of

deposit

45,49636,05544,88420,62457,02346, 72147,63961,624

360,066

5,7276,584

17, 29928,5765,1642,5391,933

3475,391

73,560

3,3801,565

3,2022,512

217592

11,468

5518,0815,227

11, 949

25,808

835,097

Totalsavingsdeposits

502,554110,743232,323184,877146,012138,54991,386

144,342

1,550,786

7,1338,934

21,29334,08013,7555,467

13, 7381,3737,523

113,296

80,24412,141

651,9228,820

31,272824

11,126

796,349

3,09129,21112,81038,922

84,034

14,844,462

Deposi-tors

1,289,313313,336844,206563,142519,364261,465184, 595388,047

4,363,468

11,05621,94829,91666,42624,02710,30041, 6134,193

14, 216

223, 695

193,96155,829

999,28726,131

107,4672,730

24,704

1,410,109

4,50098,18431,964

441, 718

576,366

25,620,051

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Page 127: Annual Report of the Comptroller of the Currency 1934

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

14,887,7529,452

6,888,171787, 750124,584342,507

1,421, 6762, 353, 669

1, 297,4871,003,491

13,177,4857,790

7,674,837795,866125, 681

1,418,0962,354,145

854,365865,844

10,281,6764,701

7,196,652760,057143, 585338,404

1,150, 5751, 569, 723

427,159495,179

8,116,9722,800

7,371,631641,694132,187288,478

1,412,1271,935,922

482,419476, 261

7,694,7492,994

9,348,553655,819151,970352,402

2, 497,4002,535,218

311,945350,542

29,116,539 27, 642,698 22,367,711 20,860,491 23,901,592

10,926,2018, 752,571

171,9642, 679,821

738,327

10,105,8858,579, 590

235,2262, 746,412

531,127

7,940,6537, 265, 640

213, 2871,800,217

241,116

7,894,1276, 216, 917

449,6611,969,891

243,519

9,280,9296,891,128

889,6782,684,015

186,910

Total..

652, 339229,033

8,173511,007

79,129391,826

1,743,9741,591,339

545, 8732 94, 962

, , f i639, 304153, 533

10, 266442,235

62,881

1, 687,6631, 493,876

443,5922130,599

17. m, 918652,168506,890

39, 535279, 220

49,43999,698

1, 568, 983' 1,259,425^

302,5212 148,919

16,771H5730,435117,855

9,223229,304

41,617101,388

1, 515,647940, 598"235, 600164, 709

19,982,660698,293

15,6794,399

133, 221

41, 74174,566

1,737,827854,057257,311151,267

571

29,116, 539 27,642,698 22, 367, 711 20,860,491 23,901,592

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.

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Page 128: Annual Report of the Comptroller of the Currency 1934

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

Location

Maine. _New Hampshire _.Vermont . _ _ .Massachusetts _Rhode Island _Connecticut

Total New England States

New YorkNew Jersey . .PennsylvaniaDelaware .MarylandDistrict of Columbia

Total Eastern States

VirginiaWest VirginiaNorth Carolina _South Carolina- _._GeorgiaFloridaAlabamaMississippiLouisianaTexasArkansasKentuckyTennessee

Total Southern States-

Names of officials

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

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Page 129: Annual Report of the Comptroller of the Currency 1934

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

Total Western States

WashingtonOregonCalifornia - -IdahoUtahNevadaArizona

Total Pacific States

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

Secretary, Territorial banking boardBank examinerTreasurerInsular treasurer

420289597306489472200550

3,323

13814329654277378219

198

1,532

12950

1233942

47

394

115

1411

41

8,348

73- - -

1075

61

169

25

12

19

31

13

3

20

8

8

994

282

285

2

2

16

1

2

19

316

35

31

12

311

5

578

1633

1

50

2

2

105

" 27"

14

41

131

400597349502480501612

3,880

14014829855677378219

198

1,555

13552

153394649

438

11131411

49

10, 472

oH

O

o

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

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Page 130: Annual Report of the Comptroller of the Currency 1934

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.

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Page 131: Annual Report of the Comptroller of the Currency 1934

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.

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Page 132: Annual Report of the Comptroller of the Currency 1934

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.

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Page 133: Annual Report of the Comptroller of the Currency 1934

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.

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Page 134: Annual Report of the Comptroller of the Currency 1934

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

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Page 135: Annual Report of the Comptroller of the Currency 1934

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.

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Page 136: Annual Report of the Comptroller of the Currency 1934

Number of active mutual savings banks, number of savings depositors, savings deposits, and average deposit account, by States, June 30, 1983and 1934

Location

MaineNew Hampshire -VermontMassachusetts . . . .Rhode IslandConnecticut _ . . .

Total New England States

New YorkNew Jersey -Pennsylvania 5

DelawareMaryland

Total Eastern States

Ohio . . -Indiana ._WisconsinMinnesota

Total Middle Western States

WashingtonOregonCalifornia- _

Total Pacific States

Total United States

1933

Numberof banks

' 3 23 503 19

3 1919

75

376

3 1392582

10

184

3422

11

311

5

576

Depositors i

218, 245265,655122, 279

2,806, 667187, 296907,152

4, 507, 294

6,272,371487, 536630,34748,307

299,345

7, 737,906

146, 67026,9353,902

92,512

270,019

97,101187

71, 281

168,569

12, 683,788

Deposits 2

$117,049,000* 175, 737,000

77,879,0002,042, 624, 000

170, 675, 000652,109,000

3, 236,073, 000

5,134,980,000304,374,000500,204,000

27,817,000176,184,000

6,143, 559,000

107,705,00016,446,0001,878,000

57, 693,000

183,722,000

46,767,00034,000

89,354,000

136,155,000

9, 699,509,000

Averagedue eachdepositor

$536.32661. 52636.90727. 77911.26718.85

717. 96

818. 67624. 31793.54575.84588. 57

793.96

734.34610. 58481.29623. 63

680.40

481. 63181.82

1, 253. 55

807. 71

764. 72

Averagerate of in-terest paid

Percent3.753.633.004.744.014.13

3.503.483.774.503.00

3.003.003.003.50

4.004.003.50

Numberof banks

3 334819

1939

73

375

1382582

13

186

73531

12

311

5

578

Depositors *

229,410280,846116,117

2,834,457188,088962,665

4, 611,583

6,463,196488,867644,92249,200

6 343,749

7,989,934

161,94827,48920,65095,612

305,699

99,134266

70,495

169,895

13,077,111

1934

Deposits 2

$118,350,000* 182,814,000

75,388,0002,045,087,000

169,543,000661,173,000

3, 252, 355,000

5,139, 593,000308, 996,000512,109,000

28, 738,000195,018,000

6,184,454,000

108, 672,00017,925,0004, 220,000

60,157,000

190,974,000

49,169,00071,000

87,573,000

136,813,000

9, 764, 596,000

Averagedue eachdepositor

$515.89650. 94649. 24721.51901.40686.81

705.26

795.21632.06794.06584.11567.33

774.03

671.03652.08204.36629.18

624. 71

495.99266.92

1,242.26

805.28

746. 69

Averagerate of in-terest paid

Percent3.003.283.004.743.003.82

3.003.003.774.503.00

3.003.002.502.50

3.004.003.50

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

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Page 137: Annual Report of the Comptroller of the Currency 1934

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]

Year

1914 -Mutual savings banks_.Stock savings banks

1915—Mutual savings banks. _Stock savings banks

1916—Mutual savings banks. .Stock savings banks

1917--Mutual savings banks. .Stock savings banks

1918—Mutual savings banks. .Stock savings banks

1919—'Mutual savings banks. .Stock savings banks

1920—Mutual savings banks. .Stock savings banks

1921—Mutual savings banks. .Stock savings banks *._.

1922—Mutual savings banks..Stock savings banks

1923—Mutual savings banks..Stock savings banks

1924—Mutual savings banks..Stock savings banks

1925—Mutual savings banks..Stock savings banks

1926—Mutual savings banks..Stock savings banks

1927—Mutual savings banks..Stock savings banks

1928—Mutual savings banks.Stock savings b a n k s —

1929—Mutual savings banks.Stock savings banks

1930—Mutual savings banks.Stock savings banks

1931—Mutual savings banks.Stock savings banks

1932—Mutual savings banks.Stock savings banks

1933—Mutual savings banks.Stock savings banks

1934—Mutual savings banks.Stock savings banks—

Banks

6341,466

6301,529

6221,242

6221,185

6251,194

6221,097

6201,087

6231,084

6191,066

6181,029

613990611972620904618843616791611747606714600654594502576219578316

Depositors 2

8, 274,4182,228,0208,305,5622, 380, 4968, 590, 7462,297,9118,935, 0552, 431,9589, 011, 4642, 368, 089

2, 486,0739, 455,3271,982, 2299, 619, 2602,464, 2659,665,8612,883,136

10,057,4363, 282,897

10,409,7763, 562,017

10,616,2154,040,312

11,053,8864,107,913

11,337, 3983, 476,873

11,732,1433,272, 415

11, 748, 0852, 295, 529

11,895,0752,207, 519

12,356,1141,918, 578

12, 521, 7501, 617, 737

12,683, 7881,378, 555

13,077, 1111, 283,046

Deposi ts 3

$3,915,143, 400835,448,768

3,946, 069,043856,546, 005

4,135,552, 045854,235,985

4, 340,805, 483960, 742, 593

4, 344,166, 6061,006,406,9274, 723, 629, 0001,128, 331,0005,172, 348,0001, 319, 654, 0005, 395, 552,0001, 363, 451, 0005,686,720,0001,384,004,0006, 282, 618,0001,428, 883,0006,686,366,0001, 543,245, 0007,139, 510, 0001,790, 514,0007,558,668,0001, 746, 642, 0008,054,868,0001,453, 035,0008,665, 592,0001,338,011,0008,890, 790,0001, 227, 035,0009,190,969,0001,166,192,000

10,017, 225, 0001, 022, 085, 000

10,021,852, 000832, 536, 000

9, 699, 509,000705,589,000

9, 764, 596, 000694, 261,000

Averagedue eacndepositor

$473.16374.97475.11359.82481. 40371.74485.82395. 05482. 07424. 98527.85453.86547.61665, 74560.91553.29588.94480.03624. 67435. 25642.32433. 25672.51443.16683.80425.19710.47417.91738.62408.88756.79534.53772.6f:

528. 28810.71532.73800.36514. 63764. 72511.83746.69541.10

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.)

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Page 138: Annual Report of the Comptroller of the Currency 1934

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

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Page 139: Annual Report of the Comptroller of the Currency 1934

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!

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Page 140: Annual Report of the Comptroller of the Currency 1934

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

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Page 141: Annual Report of the Comptroller of the Currency 1934

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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Page 142: Annual Report of the Comptroller of the Currency 1934

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.

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Page 143: Annual Report of the Comptroller of the Currency 1934

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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Page 144: Annual Report of the Comptroller of the Currency 1934

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:

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Page 145: Annual Report of the Comptroller of the Currency 1934

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

™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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Page 146: Annual Report of the Comptroller of the Currency 1934

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-

rowed TT10Tl©yTaxesOther expenses

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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Page 147: Annual Report of the Comptroller of the Currency 1934

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-

Numberof asso-ciations

202019192020212422232324222222222424262828

Loans

$18,582,15619,524,06520,186,66220,951,08921, 567,90423,654,00027, 398,00029,520,00033, 233,00036,157,00038,968,00042,482,00046,781,00050,940,00057, 505,00063, 566, 00068,143,00074,365,00081, 298,00082,919,00084,946,000

Installmentson shares

$17,113,89917,866,33718, 668,80819,413,26620,252,00522,463, 00025,373,00027,593,00030, 506,00032,858,00035,452,00038,653,00042,794,00047,887,00053,738,00058,916,00064,480,00070,244,00076,773, 00078, 308,00083,871,000

Total assets

$19,029,26020,655,61421,611,00722,264,00523,215,02725, 699,00029,322,00031,683,00034,879,00037,589,00040,467,00043, 977,00048,573,00043,829,00059,855,00065,964,00071,629,00077,992,00084,991,00088,350,00093,359,000

Credit Unions in District of Columbia

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 _

Other liabilities _• _ . .Capital stock (par)Undivided profits (debit balance) _

Total

$1,895.9150.00

10,994,393.224,852.84

11,001,191.97

$3. 5650.00

2,806,371.601.220.27

2,807,645.43

285,068.50847. 41

11,000,000.0028Jh 723.94

61, 678. 24717.10

2, 750,000.004,749.91

11,001,191.97 2, 807, 645. 43

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

1,532

737227889293182380184

1,000

65831641501399028209

970,000884,065

1,968,129436,920782,300481,928350,000341,700238,238283,000207,950166,241185,267176,500170,300155,152137,700129,33996,78574,182200,00059,10060,07296,17950, 00047,89850,20030,21331, 53425,93033,48034,00018,00031,40025, 64019,43025,80016,15210,37022,251

*Estimated.

$1,050,000,000957,791,288895,028,774502,873,869394, 648,000394,643,465359,894,896246,333, 779245,291,106185,000,000169,255,761143,656,771142,693,028111, 876,652110,937,465106,960,685100,393,58899, 238,44190,533,00068,439,93761,510,15853,652,97741,789,37739,038,24535,340,47133,691, 23233,612,94125, 794,29825,607,67823,967,42823,843,53323,029,66920,000,00018,228,56418,993,04715,257,36915,026,45413,761,73013,129,22712,054,641

* Increase.

$96,108,89186,465,155202,497,34024,487,06742,613,88529,032,70247,251,46124,523,90615,257,22012,500,00023,778,78915,823,41410,240,35412,430,6607,538,1299,201,94514,237,56514, 012,955a 3,113,0007,454, 0863,463,3932,668,0393,060,3531,708,1583,131,733633,469

2,191,1679,703,8471,210,591851,199

1,928,70727,257,7524,500,0001,416,578

»1,606,047860,854

4,124,471314,334

1,239,8361,081,328

15,47057,617245,40230,90925,50049,288144,00034,00014, 53517,00029,25015,23432,96814,10011,50019,33019,515

2 6,3977,7155,0383,0002,2482 3365,0001,6013,28019,787

8421,6352,75040,02312,0002,400* 2,1701,0706,967461

1,030»2601

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EEPOET OP THE COMPTROLLER OP THE CURRENCY 139Number of building and loan associations, total membership, and total assets, etc.,

for the year ended in 1983, by States—Continued

States

41. Mississippi...42. Wyoming43. Georgia44. Idaho45. South Dakota.46. Vermont47. Hawaii48. New Mexico..49. Nevada50. Arizona

Total

Numberof asso-ciations

448

40142014111652

10,727

Totalmember-

ship

6,27414,85018,4439,5509,6505,600

28, 0124,5002,2811,600

9,224,105

Total assets

$10,943,6007,889,1896,891,5486,272,3135,844,9105,418,6765,288,9894,316,5621,246,345

600,000

6,977,531,676

Decrease in

$5,736,2711,620,675

373,820* 1,232,701

396,69076,445

2 79,711400,9272 62,415

3,647,141

772,959,408

Decrease inmember-

ship

18,2633,000

450»1,900

664463

a 15,478450

8 6164,430

890,687

* Increase.

Mortgage loan investments of building and loan associations, by States

States

AlabamaArizonaArkansasCaliforniaColorado.--ConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaIllinois / .IdahoIndianaIowa_KansasKentuckyLouisianaMaineMassachusettsMichigan _MinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth DakotaTennesseeTexas...Utah...VermontVirginiaWashingtonWest VirginiaWisconsinWyomingOther States a

Hawaii.

Total., 6,394,725,418

$18, 206, 6573, 022, 300

26, 287, 570295,851, 95125, 758, 50624, 504, 750

i 13, 737, 03582, 385, 0007, 244, 6855, 983, 523

379, 923, 9004, 355,827

227, 470,00039, 037, 37689, 052, 540110,196, 706124, 379,00622, 429,789460, 794, 740124,161,04833, 219,70312, 743, 690

158, 052, 99117, 429,971

102, 832,3731,077,384

13, 305,751926,101,8013, 899, 377

363, 867,62665, 328,80110, 815, 278

951, 405, 87093, 666, 47415, 725,139

825, 296,12033, 228, 8005, 445, 80614, 668, 00090,410,17030,063, 7154, 931. 543

48, 692,14748,984, 25827,430,879

218, 846, 5858, 252, 261

179,800, 000

4,4

$14, 963, 727420, 000

17, 495,436232,428, 45224, 906, 06222, 642,14712, 564, 89583, 311, 0006, 006,6425, 728, 427

310, 074, 0004,142, 535

196, 713, 42134,334, 50076,178, 598100, 352, 563102,856, 24521,063,337406, 400, 260101, 623,14630, 827,4108,351, 246

130, 264,17712, 346,11584, 454,842

872, 91212,806, 264

3 900, 000, 0003,426, 739

332,962, 46656, 285,1349, 375,139

749, 559, 47873, 493, 31613,968,996

714, 707, 77028, 015, 8134, 613, 05513, 581,17176, 960, 31114, 694, 2014, 722, 729

44, 018, 09742, 792, 20324, 304, 732186, 076, 3884,849, 641

161, 950, 000

4, 213,862

5, 518, 699, 600

$3, 242, 9302, 602,3008, 792,13463, 423,499

852,4441,862, 6031,172,1402 926, 0001, 238,043255,096

69.849, 900213, 292

30, 756, 5794, 702,87612,873, 9429,844,14321, 522, 7611,366, 452

54, 394,48022, 537, 9022,392,293 |4,392,444 I27,788,814 I5,083,856 I18, 377, 531

204, 472499,487

26,101,801472, 638

30, 905,1609,043,6671,440,139

201,846, 39220,173,1581, 756,143

110, 588, 3505, 212, 987832, 751

1, 086, 82913, 449,85915,369, 514

208,8144, 674, 0506,192, 0553,126,147

32, 770,1973, 402, 62017.850, 000

206,134

876, 025,818

62.870.067.864.970.588.482.387.445.783.078.666.079.982.171.290.471.693.680.871.279.076.377.082.175.570.193.185.779.484.382.277.883.774.176.874.683.179.072.776.763.887.182.069.672.375.961.579.0

79.7

713

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140 REPORT OF THE COMPTROLLER OP THE CURRENCY

Failures of building and loan associations, 1920-33

Totalnumber ofassocia-

tions

1920.192119221923.1924.1925.1926.1927.1928.1929.1930.1931.1932.1933.

8,6339,25510,00910,74411,84412,40312, 62612,80412, 66612, 34311,77711,44210,99710,727

$2,519,914,9712,890,764, 6213,342,530,9533,942,939,8804,765,937,1975,509,176,1546,334,103,8077,178,562,451S, 016,034,3278,695,154,2208,828, 611, 9258,417,375, 6057,750,491,0846,977,531,676

2649

1826122123

159190126122188

$80,437, 50861,908,52952,818,387

215,516,812

$50691,547

158,674132,612

500,000380,725

1,013,000568,000

2,312,62624,676,05922,327,84220,337,25543,954,547

0.00002.0032.0047.0034.0084.0090.0060.0141.0071.0266.2795.2653.2624

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

Year endedJune 30—

1914191519161917191819191920... _19211922 . . _ . . .19231924192519261927I928_19291930 .1931193219331934

Millions3,797.84,050.84,541.75,678.86, 906.27, 688.48,158.58,174.58, 276.18,702.88,846.58,299.48,429.08,667.38,118.18,538.88,306.69, 079. 69,004.4

10,078.413,634.4

Coin andother

moneyin theUnitedStates

Coin and othermoney in Treas-ury as assets *

Amount

Millions338.4348.2299.1269.7363.5585.1490.7463.6406.1386.5359.4363.9353.2350.9351.3373.1247.2254.9278.2314.5

2,955.9

Per-cent

8.918.606.594.755.277.616.015.674.914.444.064.384.194.054.334.372.982.813.093.12

21.68

Coin and othermoney in report-

ing banks a

HelH by or forFederal Reservebanks and agents

Amount

Millions1,630.01,447.91.472.21.487.3

882.7981.3

1,047.3926.3814.0777.1900.8938.3975.2985.1866.5799.1853.8865.5774.1649.9

Per-cent

42.9235.7432.4126.1912.7812.7612.8411.339.848.93

10.1811.3011.5711.3610.679.36

10.289.538.606.455.06

Amount

Millions

383.0593.3

1,342.72.061.02.226.72.200.22,799.93.406.83,493. 03,637.83.120.33,190.53.465.12.970.23,419.43.537.34,002.73,031.14,043. 25,305.0

Per-cent

9.4513.0623.6429.8428.9626.9734.2541.1640.1441.1237.6337.8539.9836.5940.0442.5844.0833.6640.1238.91

In general circulation, ex-clusive of amounts heldby reporting banks,Federal Reserve banksand Treasury

Amount

Millions1,829.41.871.72,177.12.579.13.599.03,895.34,420.33,984.73.649.24,046.23,948.53,876.93.910.13.866.23,930.13,947.23,668. 23,956.54,921.05.070.84,683.9

Per-cent

48.1746.2147.9445.4252.1150.6754.1848.7544.0946.4944.6446.6946.3944.6148.4146.2344.1643.5854.6550.3134.35

Percapita

18.4618.5621.2424.7433.9736.6741.5036.7133.1836.2034.6933.5833.3532.5732.7232.4729.7631.8739.4140.3237.03

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

Imports ofmerchandise

1914 $1,789,276,0011915 1,778,596,6951916 I 2, 391, 635, 3351917__ 2,952,465,9551918 3,031,304,7211919 3,904,364,9321920 _ 5,278,481,4901921 2,509,147,5701922_ 3,112,746,8331923 3,792,065,9631924 3,609,962,5791925 4,226,589,2631926 4,430,888,0001927 4,184,742,0001928 _ 4,091,444,0001929 4,399,361,0001930 3,060,908,0001931 2,090,635,0001932 1,322,774,0001933 1,449,559,0001934 (9months) _. i 1,241,732,000

Total, 20 years and 9 months 64,648,680,337

Exports ofmerchandise

$3,113, 624, 0503, 554, 670,8475, 482, 641,1016, 226, 255, 6546,149, 241, 9517, 920, 425, 9908, 228, 016, 3074, 485, 031, 3563, 831, 777, 4694,167,493,0804,590, 983,8454, 909, 847, 5114,808,660,0004,865, 375, 0005,128, 356,0005, 240, 995, 0003,843,181,0002, 424, 289,0001,611,016,0001, 674,994,000

i 1, 561, 366,000

93,818,241,161

Excess ofexports over

imports

$1,324,348,0491, 776,074,1523, 091,005,7663,273, 789,6993,117,937, 2304,016,061,0582,949, 534,8171,975,883,786

719,030,636375,427,117981,021,266683, 258, 248377,772,000680, 633,000

1,036,912,000841, 634,000782, 273,000333, 654,000288,242,000225, 435,000

i 319, 634,000

29,169, 560,824

1 Preliminary, subject to correction.

Gold and silver imports and exports in periods indicated

GOLD

19141915191619171918191919201921 . ._ . _192219231924 -1925192619271928192919301931 „_- _193219333 934 (9 tn ont,bs) - . - . . . _ . .

Total, 20 years and 9 months

Imports

$57, 387,741451,954, 590685,990, 234552, 454, 374

62,042,74876,534,046

417,068, 273691, 248, 297275,169,785322, 715,812319, 720,918128, 273,172213, 504,000207, 535,000168, 897,000291, 649,000396, 054, 000612,119, 000363, 315,000193,197,000956, 628,000

7, 443, 457, 990

Exports

$222,616,15631, 425, 918

155,792,927371, 883, 884

41, 069, 818368,185, 248322, 091,208

23,891, 37736,874,89428, 643,41761,648, 313

262, 639, 790115, 708,000201, 455,000560, 760,000116, 583, 000115,967,000466, 794,000809, 528, 000366, 652,000

50,136,000

4, 730, 345, 950

Excess ofexports over

imports

$165,228, 415

291,651,202

134, 366, 618

391,863,000

446, 213, 000173,455,000

1,602,777,235

Excess ofimports over

exports

$420, 528, 672530,197, 307180,570,49020,972, 930

94,977,065667, 356, 920238, 294,891294,072, 395258, 072, 605

97, 796,0006, 080,000

175,066,000280,087,000145, 325,000

906, 492,000

4, 315,889, 275

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142 REPORT OF THE COMPTROLLER OF THE CURRENCY

Gold and silver imports and exports in periods indicated—Continued

S I L V E R

1914191519161917 _191819191920 . . -19211922 . — . .1923 _ . -19241925-.19261927 .192819291930. — -1931193219331934 (9 months)

Total, 20 years and 9 months

Imports

$25,959,18734,483,95432, 263, 28953, 340,47771, 375,69989, 410,01888,060, 04163, 242,67170,806,65374, 453,53073, 944,90264, 595, 41869, 596, 00055,074, 00068,117, 00063,940,00042, 761, 00028, 664, 00019, 650,00060, 225, 00064, 579, 000

1,214,541,839

Exports

$51,603,06053, 598,88470,595,03784,130,876

252,846,464239,021,051113,616, 22451,575,39962, 807, 28672, 468,789

109,891,03399,127, 58592, 258,00075,625, 00087, 382, 00083,407, 00054,157, 00026, 485, 00013, 850, 00019, 041, 00012, 678,000

1, 726,164,688

Excess ofexports over

imports

$25, 643, 87319,114,93038, 331, 74830, 790, 399

181, 470, 765149,611,03325,556,183

35,946,13134, 532,16722,662,00020, 551,00019,265,00019, 467,00011, 396, 000

634, 338, 229

Excess ofimports over

exports

$11,667,2727,999, 3671,984, 741

2,179, 0005,800,000

41,184,00051, 901,000

122, 715, 380

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:

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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

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

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Page 156: Annual Report of the Comptroller of the Currency 1934

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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Page 157: Annual Report of the Comptroller of the Currency 1934

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:

Proceeds disbursed (less repayments):Banks and trust companies 7 $591, 972, 462. 74Credit unions 388, 433. 71Building and loan associations 7__ 28, 251, 589. 10Insurance companies 30, 721, 842. 67Federal land banks 116, 040, 026. 31Joint-stock land banks 7, 695, 963. 33Livestock credit corporations 1, 603, 991. 27Mortgage loan companies 7 160, 767, 094. 87Regional agricultural credit cor-

porations _ 4, 388, 954. 68See footnotes at end of table.

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1 4 6 REPORT OF THE COMPTROLLER OF THE CURREKCY

Statement of Condition of the Corporation as of the close of business Sept. 80, 1984—Continued

ASSETS—continued

Loans under sec. 5—Continued.Proceeds disbursed (less repayments)—Continued.

Other agricultural credit corpora-tions $795, 723. 63

Railroads (including receivers) ___ 343, 286, 893. 17Processors or distributors for pay-

ment of processing taxes 2, 473. 37State funds for insurance of

deposits of public moneys 1, 840, 680. 43— $1, 287, 756, 129. 28

Proceeds not yet disbursed:Banks and trust companies 7 223, 001, 183. 08Insurance companies 370, 000. 00Joint-stock land banks 1, 160, 085. 39Livestock credit corporations 173, 059. 15Mortgage loan companies 7 101, 407, 100. 15Regional Agricultural Credit Cor-

porations 593, 836. 83Other agricultural credit corpora-

tions 275, 000. 00Railroads (including receivers) 2, 756, 614. 90

329, 736, 879. 50Loans to industrial and commercial businesses:

Proceeds disbursed 1, 915, 825. 19Proceeds not yet disbursed 10, 040, 996, 73

Loans and contracts for self-liquidating projects, sec. 201-a:Proceeds disbursed (less repayments): (By purchase of

bonds, certificates and notes—par $104,301,295.98).. 102, 933, 135. 50Proceeds not yet disbursed (contracts, bonds, certificates,

and notes—par $107,819,000) 106, 442, 969. 87Loans for repair or reconstruction of property damaged by

earthquake, etc.:Proceeds disbursed (less repayments) 8, 250, 659. 35Proceeds not yet disbursed 3, 635, 054. 82

Loans under sec. 201-c, for financing sale of agricultural sur-pluses in foreign markets:

Proceeds disbursed (less repayments) 14, 953, 570. 45Proceeds not yet disbursed 3, 778, 061. 88

Loans to institutions under sec. 201-d:Proceeds disbursed (less repayments) 81, 537, 612. 69Proceeds not yet disbursed 295, 529, 500. 29

Loans to drainage, levee and irrigation districts:Proceeds disbursed (less repayments) 9, 478, 794. 34Proceeds not yet disbursed 64, 369, 870. 03

Loans to public-school authorities—proceeds disbursed 22, 300, 000. 00Loans secured by preferred stock insurance companies:

Proceeds disbursed (less repayments) 25, 785, 000. 00Proceeds not yet disbursed 3, 500, 000. 00

Loans secured by preferred stock banks and trust companies:Proceeds disbursed (less repayments) 22, 289, 381. 38Proceeds not yet disbursed 2, 161, 825. 00

Relief authorizations (1932 act):Proceeds disbursed (less repayments) 298, 227, 406. 00Proceeds not yet disbursed 15, 001. 00

Preferred stock, banks and trust companies:Purchased (less retirements) 545, 598, 716. 90Subscriptions authorized 65, 823, 460. 00

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-

penses Jan. 1, 1934, through Sept. 30, 1934 23, 315, 222. 94

Total 5, 041, 759, 558. 94

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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Page 161: Annual Report of the Comptroller of the Currency 1934

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:

Consolidated statement of condition Oct. 31, 1934

ASSETSLoans and discounts:

Agricultural credit corporations $1, 072, 565. 91Real-estate mortgages 2, 459, 996, 403. 98Crop, livestock and commodities 318, 491, 411. 52Cooperative associations 106, 078, 465. 69Joint-stock land banks 707, 566. 72Other—stabilization 95, 256, 638. 78

$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

41, 838, 627. 32Other liabilities:

Deferred income 6, 166, 893. 04Other indebtedness 112, 523, 113. 25

118,690,006.29Reserves—for uncollectible items 170, 772, 349. 43

Total liabilities other than interagency 2, 991, 292, 443. 04Interagency liabilities—due to governmental corporations

or agencies 169, 249, 484. 84106093—35 11Digitized for FRASER

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1 5 0 REPORT OF THE COMPTROLLER OF THE CURRENCY

Consolidated statement of condition Oct. 81, 1984—Continued

LIABILITIES—continuedCapital and surplus:

Capital $1, 034, 240, 178. 21Paid-in surplus 9,431,331. 55Undivided profits 166, 163. 11

$1, 043, 837, 672. 87Surplus reserves:

Legal reserve 2, 673, 625. 42Other—contingent 1, 468, 285. 17

4, 141, 910. 59

Total all liabilities 4, 208, 521, 511. 34

Federal land banks

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

depreciation reserves) 4, 676, 725. 55Prepaid and deferred expenses 513, 452. 32Other assets - 1, 912, 383. 71

Total 2, 122, 824. 117. 05

LIABILITIES

Farm-loan bonds outstanding, less bonds held by banks 1, 645, 370, 760. 00Notes payable to Reconstruction Finance Corporation 115, 891, 884. 92Matured interest on farm-loan bonds (coupons not presented) 957, 366. 21Deferred proceeds of loans 53, 382, 643. 55Accounts payable 1, 765, 002. 25Dividends declared but unpaid 217, 257. 28Trust accounts 4, 306, 717. 54Advance installment payments 1, 511, 128. 17Other liabilities 1, 553, 311. 23Accrued interest payable (not yet due), less interest on bonds

held by banks , 22, 068, 569. 97Other accrued interest payable 1, 014, 502. 07Deferred income 3, 782, 316. 75Capital stock 216, 380, 080. 00Paid-in surplus 50, 614, 445. 76Legal reserves 4, 008, 131. 35

Total . 2, 122, 824, 117. 05Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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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.

guaranteed 74, 082, 339. 88Other securities 53, 000. 00Accounts receivable 353, 902. 92Interest accrued 1, 341, 475. 28Furniture, fixtures, and equipment (net) 21. 00Prepaid and deferred expenses 37, 406. 33Other assets 52, 570. 46

Total 289, 009, 239. 80LIABILITIES

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

Total cash 5, 091, 608. 29Loans outstanding:

Members 86, 839, 152. 45Affiliated banks 600, 000. 00Other 7, 178. 41

Total loans 87, 446, 330. 86Accrued interest receivable:

Members 377,730.39Affiliated banks:

Loans 1,347.95Deposits 4, 547. 95

Securities _ _ __ ___ 132,263.23Other 403. 38

Total accrued interest 516, 292. 90Investments: = = =

United States Government 16, 003, 335. 68Other 0

Total investments 16, 003, 335. 68Furniture and fixtures (net) 22, 227. 4-2Deferred charges:

Prepaid assessment—Federal Home Loan Bank Board 2, 435, 22Prepaid bond premium 4, 099. 62Other 10, 052. 32

Total deferred 16, 587. 16Other assets:

Accounts receivable 8, 590. 97Other 78, 877. 47

Total other assets-- 87, 468. 44

Total assets _ _ 109, 183, 850. 75

LIABILITIES AND CAPITALLiabilities:

Deposits:Members 1, 635, 982. 91Affiliated banks 1, 450, 000. 00Other 1, 840. 20

Loans:Affiliated banks 600, 000. 00Other 0

Accrued interest:Member deposits 1, 162. 66Affiliated banks:

Loans . . 1, 347. 95Deposits.__ • . . . . 4, 646, 58Digitized for FRASER

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REPORT OF THE COMPTROLLER OF THE CURRENCY 153

Consolidated statement Oct. 31, 1934—Continued

LIABILITIES AND CAPITAL—continued

Liabilities—Continued.Accounts payable $3, 038. 49Other ___ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 1,127.71

Total liabilities 3,699, 146.50

Capital:Capital stock:

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

loans 224, 377,000Interest capitalized 8, 590, 000Professional fees capitalized _ 4, 401, 000

2, 021, 737, 000Average loan closed . __ . $3,016Digitized for FRASER

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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 ̂ -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

Accrued interest receivable 1, 463, 691. 77$328, 493, 375. 97

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

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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

State

AlabamaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaIdahoIllinoisIndiana _IowaKansasKentuckyLouisianaM aineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhio.-OklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Total

Numberof banks

20615

2112541441094422

144262

6185848254343039014666

181212396653203637120380

957

38742

773239198672396102

1,0721694

213316820

5976

319187168611

62

14,057

Fully in-sured ac-counts

636. 25271,869

298, 6023, 767, 707404, 657618,823117, 248463,878406, 973777, 396116,441

3,091, 2451,201,172898,818663, 058875,787545,130416,813710, 246

1,456,5141, 383, 5871, 214,825325, 921

1,610,310161,925496, 02823,890157,274

2,823, 07067,506

5, 250, 707583, 501164, 379

2,943, 767691,113417, 743

5, 504, 562340,649213,848195, 397830, 563

1, 762, Oil214, 685231,108

1,125, 007501,908717,411

1,416,287113,105

49, 020, 716

Total ac-counts

640,98972,886

301, 7263,849, 510

410,161628, 580120,418470, 204411,372784,827117,800

3,141,4061, 212, 535

907, 411659, 066883, 355551,406421, 380720, 243

1,488,1831,400,3681,229,049

329, 2281, 630, 952

164,850502.114

24, 328158,929

2,860, 25668, 201

5,400,946589,574165, 775

2, 976, 625698,108422.115

5, 581, 004346, 971215, 945197,167838,134

1,785,806217,510233, 524

1,135, 522508, 778722,420

1,428,617114,282

49, 750, 556

Ratio fullyinsured tototal ac-counts

Percent99.2698. 6098.9697.8798.6698.4597.3798.6598.9399.0598.8598.4099.0699.0599.1099.1498.8698.9298.6197.8598.8098.8499.0098.7398.2398.7998.2098.9698.7098. 9897.2298.9799.1698. 9099.0098.9698.6398.1899.0399.1099.1098.6798.7098.9799.0798.6599.3199.1498.97

98.53

Insured de- **?*£ ft"posit? (000 t o t a l d e .

positsomitted)

$107,67625,81870,514

1,608,758131,469215,118

48, 620135,14794,753

152,80137,920

1, 030, 279303,871264, 503166, 057203, 454129, 511127. 31420L 276617, 248424,127375, 55782,169

461, 32766,101

159, 34211,40743, 715

877, 29720, 435

2,408, 365141,69050,879

148, 264128, 577

1, 715, 700116, 096

50,42854, 284

174, 093472,697

61, 59079, 503

264,783164, 405140,104406, 719

31,164

15,651,805

Percent59.7059.0463.5252.5252.7850.7746.7053.6550.7750. 6366.2337.2360.2965.0461.3363.8545.4873.5545.8238.7851.5153.6165. 5544.1163.7057.7463.0267.1363.7263.7723.7051. 0578.6556.1349.6263.4646.7053.9958.2271.8753.4748.5356.1684.0761.9453. 4765.6765.6568.26

43. 50

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Page 169: Annual Report of the Comptroller of the Currency 1934

Preliminary summary of certified statements as of Oct. 1, 1934

[Deposits in thousands of dollars]

Class of bank

National banksState banks members Federal Reserve (exclusive of

mutual savings banks)State banks not members Federal Reserve (exclusive of

mutual savings banks)

All banks (exclusive of mutual savings banks)

Mutual savings banks—Maximum insurance $5,000Mutual savings banks—Maximum insurance $2,500

All mutual savings banks

Grand total, all banks

Number ofbanks

5,450

969

7,638

14, 057

4424

68

14,125

Insureddeposits

8, 488, 554

3, 582, 449

3, 580,803

15,651,806

412,727387, 900

800, 627

16,452,433

Uninsureddeposits

11,583,949

7, 382,986

1,363,262

20, 330,197

54,117182, 995

237,112

20, 567, 309

Total de-posits

20, 072, 503

10, 965, 435

4, 944, 065

35, 982, 003

466,844570,895

1, 037, 739

37, 019, 742

Ratio ofinsuredto totaldeposits

Percent42.29

32.67

72.43

43. 50

88.4167.95

77.15

44.44

Depositorsfully insured

25, 972, 035

9, 361, 278

13, 687, 403

49, 020, 716

888, 451513, 330

1, 401, 781

50,422, 497

Depositorspartlyinsured

405,811

199, 082

124,947

729,840

19, 42173, 484

92, 905

822, 745

Total num-ber of

depositors

26, 377,846

9, 560, 360

13,812, 350

49, 750, 556

907,872586,814

1,494,686

51, 245, 242

Ratio offully in-sured tototal de-positors

Percent98.46

97.92

99.10

98.53

97.8687.48

93.78

9S.39

O

3O

W

Q

3o

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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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Page 171: Annual Report of the Comptroller of the Currency 1934

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

Total 3, 066, 700. 17

LIABILITIESCapitalstock 500, 000. 00Reserve for contingencies 62, 500. 00Undivided profits 1, 837. 17Discounts 2, 382, 503. 38Other liabilities 31, 435. 28Undistributed trustee funds 88, 424. 34

Total 3, 066, 700. 17

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Page 173: Annual Report of the Comptroller of the Currency 1934

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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Page 174: Annual Report of the Comptroller of the Currency 1934

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

450,025, 710

Total resources

June 30, 1934

$695, 281,038. 034, 576, 449. 85

$699,857, 487.88

60, 700, 678. 708, 268, 762. 04

68> 969> 440. 74

2, 699,666. 02190, 687. 83

15,094,960. 0010, 937,132.8065, 297,923.8850, 357, 208. 0714,481,229.4723,940, 025. 5235, 536, 299.125, 063, 775.177, 554, 789. 605, 017, 366. 61

20, 438, 983. 0634, 901, 286. 0119, 870, 000.1238, 018,930. 2835, 000, 000.003, 317, 954. 061, 531, 625. 00169,454. 84

8, 745, 546.884,867,940.145, 000, 000.00

170, 064. 542, 268,028.8610, 564, 563. 5435,195, 227. 51

June 30, 1933

453,340, 315. 08

1, 225,057, 597. 55

$977, 214, 074. 444, 097, 585. 53

2,890,353.85 I-

58,917,100. 5433, 528, 952. 77

1, 091, 745. 821, 401, 379. 29

13, 546,480. 0015, 540, 485. 38

39, 209, 443. 582,865, 562. 54

8, 061, 391. 7111,818,624.449, 034, 753. 54

2,980, 687. 501, 531, 625. 00

8, 745, 546.884,874, 366. 46

2, 278, 682. 7010, 569,102. 82

II, 311, 659. 97

92, 446, 053. 31

2,493,125. 11

131, 054, 752. 55

1,207,305,590.94

Increase

$478,864. 32

1, 783, 578.16

1, 607,920. 20

~~~397,~228.~74'

1, 548,480.00

65, 297,923.8811,147, 764. 4911,615,666.9323,940, 025. 5235, 536, 299. 125, 063,775.177, 554, 789. 605, 017, 366. 61

12, 377, 591. 3523,082, 661. 5710, 835, 246. 5838,018,930. 28'35, 000,000. 00

337, 266. 56

Decrease

$281,933,036.41

281, 454,172. 09

169,454.84

5, 000, 000. 00170, 064. 54

35,195, 227. 51322, 285, 562. 53

25, 260,190. 7323, 476, 612. 57

1, 210, 691. 46

4, 603, 352. 58

6, 426. 32

8, 653. 844, 539. 28

17,752,006.61 |

OO

i

wod

i|

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Page 175: Annual Report of the Comptroller of the Currency 1934

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

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Page 176: Annual Report of the Comptroller of the Currency 1934

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

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Page 177: Annual Report of the Comptroller of the Currency 1934

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

Balance tothe credit ofdepositors

June 30, 1933

$973, 762,756

9,491, 543870, 407

7, 654,90011,445,43984, 653,83315, 893, 23612,497,769

522, 5467.662,73929,873. 431±8,476, GUV

438,3977, 766,124

140,173, 66928,915, 20152,351,52716, 297, 0988,070,1297, 266,9011,339, 0885, 588,118

34,687, 52775, 647, 28537,288,0506,339,31535,812,83511, 213,37418, 285, 7242,147,0762,231,223

36, 744,9663,924,823

122,959,42014,101, 3797,987,73365,479,487

Deposits 1

7,857,371534,358

6,302,00611,276,96563,038,30113, 603,1436,763,367312.661

5,806,12631,662,657ii, 287, 743

615,4586, 298, 558

124, 834,35028,314,16351,360,94915, 229,4087,091,9936, 783, 5421,719,9393,485,42417,958,87573,979,82529,949,4366,082,78131,389,6968,291,47617,361,4192,558,2051,482,02923,777,6193,198,90375,987,77513,267,8536, 764, 52055,646,382

With-drawals i2

$963,038,356 $1.197, 907, 773

8,241,446568, 729

7,005, 05710,643,77871,048,65613, 807,0207,752,681382,838

6,327,68631,655,49211, 979. 421

538,5036, 669, 362

119,304,78526, 368, 70248, 085,48813,959,4947,153,8905,828,1901,006,4223,679,43820,426,60461, 753,60629,063,5355, 562,56931,239,0818,589,43115,726, 5262,162,1091,408,52826,292,9353,283,801

12,794,6216,101,72451,921,647

Balance tothe credit ofdepositors

June 30, 1934

Increase inbalances tothe credit ofdepositors 3

$10,724,400 $56,308.80

Savings stamps

Sold Redeemed

$53,619.00

9,107.468836,036

6.951,84912,078,62676, 643,47815,689.35911,508, 455

452,3697,141,179

29,880,596 |12,783,329

515,3527,395,320

145,703, 23430,860, 66255, 626,98817, 567, 0128,008, 2328, 222,2532,052, 6055,394,104

32, 219,79887,873, 50438,173,951

6,859, 52735,963,45010,915,41919,920, 6172,543,1722,304, 724

34, 229, 6503,839,925

115,848,49714, 574, 6118, 650,529

69,204, 222

-384,075-34, 371-703,051633,187

-8,010,355-203,877-989,314-70,177-521,560

7,165-691, 678

76,955-370,8045,529, 5651,945,4613, 275,4611, 269,914-61,897955, 352713,517

-194,014-2,467,72912, 226, 219

885,901520,212150, 615

-297,9551,634,893396,09673,501

-2,515,316-84,898

-7,110,923473, 232662, 796

3,724, 735

141.00.90

84.60134. 70

2,107.00394.90317. 6027.30

lt092.40948.40567. 7010.60108. 70

3, 256.10829. 30421. 70223. 50248.80113. 20200.10205.90

1,606. 701,699. 20497.00137. 20674.80293.40357.9029.90199. 80

1,778. 5024.80

6, 787. 60255. 60127. 70

1,183.80

$694, 575,368. 74

122. 00

67.00129.00

1,882. 00390.00267.00

26.00h 053.00

954.00539.00

15.0087.00

3.135. 00889. 00413. 00210. 00227. 00108. 00195. 00197. 00

1,609.001,432.00

511.00136.00609.00272.00331. 00

26.00180. 00

1, 755.0031.00

6, 367.00222.00126. 00

1,143. 00

Amount atinterest in

banks June 30,1934

6,351, 747.06869,859. 69

3, 732. 450. 416, 323,981. 34

115,545,440. 665,139,953.145,643,157.751,415,851.031.540,012.649.606, 740. 057,969,862. 23

607. 574. 992, 036. 247. 68

23,960, 282. 8417,704,169.83

7, 689,473.136,134, 296. 084, 289, 581. 646,843, 548. 79

782, 710. 437, 909,470. 98

12,419,080. 9112,614, 646. 7712,931,712.33

5, 234,812. 7711,848, 284. 746,593, 707.813,058,951. 251, 223,972. 072,491,107. 52

47, 581,046. 23850, 567. 57

90,600,043.888, 212,808.871, 350,431. 97

44,839, 523. 23

Interest re-ceived from

banks

$21,829,303.11 $15, 541, 479.16

196, 343. 2321,620.00

112.609. 25177, 364. 66

2, 855, 309.93196,848. 65190,953.9324,892.0865,033. 52

600,798.91309,823. 49

14, 207. 0695,326. 29

839,408.36511, 335.71388,983. 72223,809. 67117,906. 43200,156. 63

16,438.99208, 339. 73730,636. 98607,115.84482,467.10123,086. 29438, 232.89249,416.38158,015. 3326,305.8955,680.87

1,183,488. 6040,009. 74

2,962,670. 78223,303. 02102,295. 74

1,254,600. 09

Interest paiddepositors

Amount ofdeposits

sur-renderedfor bonds

$27, 579, 500

128, 362.0913.686.18

106, 776.09160, 339. 22

1, 091, 596.47232, 642. 36149,288. 68

6, 431. 2568.710,19

432.601. 21182,859. 73

4, 707. 37111, 420. 75

1,872, 626. 49386, 677.90775,970. 64228,889.15113,926. 71

73, 503. 0414,233. 2554,464. 50

423,357. 28830, 770. 48521,090. 4382,992.95

492, 219. 71173,121. 60263,452.80

24,671.1]30,356.10

446,623. 6054,082. 21

1,458,842.97177,831.83112,958.82820,457.96

142, 76022, 600

119, 280261,400

2,398, 200422, 680

69, 5408,500

641,780338, 640205,060

7,22082,160

2, 576, 5601,711,1001, 294,020

621,680315, 020127, 340

76, 240256, 020214,300

2,677, 3401,343,440

89, 6801,122,620

212, 360523, 66042,90025,960

323,58046,160

968,280241,880165,680

2,273,720

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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Page 178: Annual Report of the Comptroller of the Currency 1934

Summary of Postal Savings business for the fiscal year ended June 80, 1934, by States—Continued

State

Balance tothe credit ofdepositors

June 30, 1933

OklahomaOregonPennsylvania...Puerto RicoRhode Island...South Carolina.South Dakota..TennesseeTexasUtahVermontVirginiaVirgin Islands..WashingtonWest Virginia..WisconsinWyoming

$20, 382,69817,026, 52565,188,9091,032, 6441,934,973

12, 752, 01511, 995,8959, 346, 033

27, 765, 6843, 627,149

400, 4425,372, 578

40,93033, 201, 362

7, 500,93127,982,8684, 534,418

Deposits

$17,667, 95613, 796, 29144, 230,836

1,448,1441,059, 737

12,975, 33910, 552, 3687,173,909

25, 079, 5032,407, 307

500,8293, 780,004

45, 74228, 453, 7745,620,929

23, 742, 5943, 352, 218

With-drawals

$17,411,96514, 533, 74246, 635,8311,262,4811, 250, 59411,982,8229, 999, 6157,845,999

23, 749,1552,645, 255

307, 365

38,81328, 724,6395,275,38522,388,4913,693,013

Balance tothe credit ofdepositors

June 30, 1934

Increase inbalances tothe credit ofdepositors

16, 289,07462, 783,9141, 218,3071, 744,116

13, 744, 53212, 548, 6488,673,94329,096,0323,389, 201593,906

5,291,88447,859

32, 930, 4977,846, 47529,336,9714,193,623

$255,991-737,451

-2,404,995185,663

-190,857992,517552, 753

-672,0901,330, 348-237,948193,464-80,694

6.929-270,865345,544

1,354,103-340, 795

Savings stamps

Sold Redeemed

$381.30398.10

3,351.1021,831.00

375. 20273. 40273.10171. 50638. 6046.4041.60262.9071.30363.60184.40492.4064.60

$366. 00384. 00

3,097. 0020,930. 00

393. 00277. 00316. 00161. 00632. 0052.0038.00

202. 0066.00

341. 00161. 00467.0081.00

Amount atinterest in

banks June 30,1934

$9,347,842. 4110, 736, 098. 7390,016,423. 65

370,448.131, 759,864.132,975,625. 094,926, 226. 94

12, 037, 528.1717,196, 584. 912,697, 724. 31

462, 743. 635, 752, 212.97

9,837,178. 499, 562,014. 54

10,813,937. 742,135,804. 59

Interest re-ceived from

banks

$370,144. 02347,411. 88

2,535,459.126, 751. 46

41, 072.84174,348. 38190, 562. 00269,402. 24528,840. 0780, 650.10

9,883. 68114, 500. 76

499, 765.19233,174.82362, 718. 06

59, 782. 71

Interest paiddepositors

$286, 697. 25256, 648.13858,139. 25

10, 095. 3324,108. 91

173,186. 02179,859. 54121,835. 88372,049. 8147,840.84

4, 500. 3261, 905. 41

715. 31502, 970. 9995,952.17

351,103. 2871,327. 60

Amountdeposits

sur-renderedfor bonds

$362,920428, 220

1,901, 240

~~~~34,~366219,460166, 060209, 780679,02075,12015,900161,440

"~~49l,~646172,000611,18081,860

IOuo

W

oog

W

a

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Page 179: Annual Report of the Comptroller of the Currency 1934

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-

bia - - .FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisiana 2

MaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontana 2

NebraskaNevadaNew Hampshire..New JerseyNew MexicoNew YorkNorth Carolina. __North DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth Carolina 2

South DakotaTennesseeTexasUtahVermont-VirginiaWashingtonWest VirginiaWisconsinWyoming

Number ofschools

1932-33

10,890

711

2,3933

44964

42256163

6249146991525

284109856200274

2185

4107640

61,426

3320

4176

1001, 359

339

3335

22078

47126101232

2

1933-34

9,471

651

2,3913

54656

52580628

14549681525

25110873535

2035

108

'92541

61, 391

14337

887473

3033

212

442

12383

2120

Numberparticipating

1932-33

3, 080, 685

18,733200

430, 667466

102, 55531,183

4,32216,70118,8953,858

93170,82438,72623, 4744,2741,707

25, 31140,853

146,96247, 62798,060

31659,160

6126,974

162, 7282,101

763,7555,573

934106,761

95867,499

432,497111,887

IS 133-34

2,802,899

23,084192

430, 592338

95, 66330, 218

42118, 0286,1853,3001,640

43,15913,85520,8323,9141,526

Deposits

1932-33

$10,332,569.55

77,086.9589. 8.1

812,854. 45483.16

543,414.1378, 369. 37

25,912. 0826, 206. 7484, 207. 0042, 244. 75

364. 42227, 060. 51

91, 251. 3876,190. 4527,904.184,484. 51

25,472; 77. 738. 0740,922

131,23612, 25879,312

73033,108

6,677164,309

2,178816,569

48756,017

333,605119,376

6, 058j 4, 4716,920 5, 491

72, 2051 58. 4361,6961,428

12, 90862, 63919,08249,665

28C

59,10818, 76339,928

68,817 2fi634, 580. 6986, 309. 77

326,302.151,997. 98

146,658. 63

1933-34

$10,727,505.33

119,638.98144. 79

969,463. 24577 92

644,803. 4982,211.82

2, 340. 7621, 788.13

.110, 398. 2220,693.188,715.79

207,800. 3940, 047. 5178. 679.1227, 980. 344, 241. 05

149,956.3174.195. 58

598, 246.1229,916.8(

316,605. 385,110. 74

157, 259. 06

3, 550. 35l 1 - R40. 51700. 20

23,908.17816, 309. 76

9, 271. 892,153, 698. 53

27,151. 894, 010. 76

361,101. 031,190. 01

132,184.861,904,410.31

533,855. 79

42,683. 2174, 201. 86

185, 368. 431, 475. 041, 201. 89

65,513.91297, 308. 77

50, 533. 99181.131.92

1,188. 54

(2)24, 523. 04

836, 621. 2311,381.82

2, 256, 779. 7<

2~405.~7(!426,284. 72

1,939, 376. 89634, 233. 29

30, 488. 5480,897.18

228, 075. 29(2)

422. 6048,363. 36

307,944. 7562, 766. 54

165, 253.101 032.26

Net savings

1932-33

1 $2,315,252.21

1 29,758. 2347.36

1 219,754. 47

1 42, 233. 251 45, 028. 29

1 19. 559. 621 31, 720. 33

42,244. 751 3.331.52

1129f 916. 631 74, 610. 601 82, 689. 87

1 6, 629. 6312, 631.96

10,184. 2561,080.4078,526.52

1 143.116. 451 79,469. 32

911. 46195,168.83

1 1,385. 96452. 95

' 668. 801 229. 503. 08

2, 616. 9328 131. 9b1 3, 790. 60

359. 7P1 169, 048. m

1 906.131 66, 646. 07

1484.009.901 182,147.86

1 19,651. 84183,870.00

12,636.241 445. 09

882. 031 22, 299. 59

* 119, 160. 281 12,304. 05

1 151,369.85

1933-34

$1,375,307.86

28,251.6078. 45

356,875. 26

186, 673.951 16, 777. 54

1 5,615. 0313, 583. 5920, 693.18

3, 228. 86118,341. 441 13,609.16

24,063. 961,814. 52

1 3,520. 06

51,823.4871,878. 34

198.301.461 7,829. 9522,802. 582,422. 845,460. 65

1 434.96

5, 766.14113,449. 49

4, 503.93473, 035. 05

829.9533, 561. 82

37,946.141 2,819. 71

1 19,175. 8119,487. 0252,859. 43

1 481. 381 97, 446. 651 17,113. 94

3, 687.89»27,707.11

1 Loss.8 No report this year.

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Page 180: Annual Report of the Comptroller of the Currency 1934

168 REPORT OF THE COMPTROLLER OF THE CURRENCY

School savings, by States, 1932-33, and 1933-34—Continued

T O T A L S — U N I T E D S T A T E S

1933-1934 . .1932-1933.1931-19321930-1931 . -1929-19301928-1929 . .1927-19281926-19271925-1926 _1924-19251923-19241922-19231921-1922 _ . .1920-19211919-1920

Number ofschools

9,47110,89012,68614,628 H14,610H14, 254H13,83512,67811,37110,1639,0806,8684,7853,3162,736

Number par-ticipating

2,802,8993,080,6853,106, 5104, 482,6344, 597, 7314, 222,9353,980, 2373, 742, 5513,403, 7462,869,4972, 236, 3261,907,8511,295,607

802,906462,651

Deposits

$10, 727, 505. 3310, 332, 569. 5517, 680, 364. 9225,977, 216.4129,113, 063. 4828,672,496. 0026, 005,138. 0423, 703,436.8020,469,960.8816,961, 560. 7214,991,535. 4010,631,838. 695, 775,122. 324,158, 050.152,800, 301. 18

Net savings

$1,375,307.86i 2, 315, 252. 21i 2,926,902.12

2,167,499. 587,690, 529.68

10, 539,928.469,476,391.329, 464,178.938, 770, 731.057, 779,992.558, 556,991. 27

i Loss.

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Page 181: Annual Report of the Comptroller of the Currency 1934

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,

furniture, labor-saving machines, etc., partially esti-mated

Miscellaneous, rent, etcTotal general expenses

Currency issues:National-bank notes:

PaperPrinting, etc _.Plates (reimbursed)

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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Page 182: Annual Report of the Comptroller of the Currency 1934

APPENDIX

171

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Page 183: Annual Report of the Comptroller of the Currency 1934

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

MayMar.Feb.Apr.MayApr.MayAug.Apr.Jan.Oct.Apr.Feb.Mar.MayDec.Nov.May

MayAug.Mar.Aug.Jan.Jan.Aug.Apr.Mar.Sept.JuneJulyMayJulyJan.JulyJulyDec.Jan.

9,186321,18651,186725,187212,188420,18861,18892,189226,18931,18981,1901

28,19082,191417,19211,192320,192421, 192811,1933

9,18631,186512,18678,18725,188627,188711,18907,189312,18961,189829,18991,190821,19231,19236,19251,19276.19271.192824,1933

Date ofresignation

Mar.JulyApr.Apr.Mar.Apr.JuneApr.Dec.Sept.Mar.Apr.Mar.Apr.Dec.Nov.Sept.

8,186524,18663,187230,18841,188630,188930.189225.189331,189730,190128,190827,19132, 1921

30, 192317,192420,192820, 1932

Aug.Jan.Apr.Jan.Jan.MayMar.Mar.Aug.JuneMar.Feb.Dec.JuneNov.

1,186531,186724,18723.18863.1887

25,189016,189311,189631.189827.18992, 1923 :14,192719,192430,192730, 1928

Jan. 23,1933

State

Indiana.New York.Ohio.Minnesota.

Do.South Carolina.Michigan.New York.Illinois.

Do.Do.

New York.Virginia.Ohio.Illinois.

Do.Ohio.California.

New York.Ohio.Minnesota.New York.

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 .

Senior clerk.ClerkSenior clerk.

Salary

$4,8003,6003,4003,3003, 3002,9002,8002,8002,7002,7002,7002, 6002,6002,5002,4002,4002,4002,3002,3002,3002,3002,3002,3002,2002,1602,100

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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 __

ClerkSenior clerk,

do-Senior clerk-stenographer.

doAssistant clerkClerk.

do-do.

Senior clerk.Clerk-stenographerHead typistAssistant clerkSenior operator, office devices.ClerkAssistant clerk

do

Clerk-stenographer-.do

. . . .do

Assistant clerk.dodo

_do...do._do._do..do..do-do

Junior clerk,.—do _.—do. . . .doAssistant clerk,

do_do..do_.dp.d_do.

_do_Assistant clerk-stenographer.Junior clerk.Assistant clerk.

dodo

_do.Assistant clerk-stenographer. . .Junior clerkAssistant clerk

do.do-.do._do..do._do_-do._do._do..do.

Assistant clerk-stenographer,do.do.

Senior stenographer,do.do.

Senior operator, office devices.do

..—dodo

Junior clerkSenior typistCounter clerk

.do-Junior clerk.

do-Junior operator, office devices.

doJunior clerkMoney counter _ ___

$2,0402,0002,0002,0002,0001,9801,9201,9201,9201,8601,8601,8601,8601,8601,8601,8601,8601,8601,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,8001,7401,7401,7401,7401,7401,7401,7401,7401,7401,6801,6801,6801,6801,6801,6801,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,6201,5601,5601,5601,560

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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

do_do-do-

Senior laborerdo

Money counterUnder clerkMessengerSenior laborerUnder clerk

doUnder clerk-typistMoney counter

dododo

Messengerdodododo

.—.doMinor domestic attendant.

do

Salary

$1,5001,5001,5001,5001,5001,5001,5001,4401,4401,4401,4401,4401,4401,4401,4401,4401,3801,3801,3801,3801,3801,3801,3801,3801,3801,3801,3201,3201,3201,3201,2601,2601,2601,2601,2601,2601,2601,2601,2601,2001,2001,2001,200

600600

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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Page 186: Annual Report of the Comptroller of the Currency 1934

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]

Date

January...February__MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.December..

1930

January . . .February._MarchAprilMayJuneJulyAugustSeptember,OctoberNovember.December. _

1931

January . . .February--MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.December—

1932

1933JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

January.. _February...MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.

1934

Num-ber ofbanksn exist-ence

7,4727,4407,4127,3727,3617,3357,3117, 2777,2627,2437,2187,185

7,1447,0977,0497,0046,9826,9376,8866,8416,7906,7446,6196,564

6,4886,4116,3396,3076,2786,2556,2056,1726,1456,1286,104

6,0495,9995.9645,9535,9445,9415,9465,9405,9145,8845,7995,767

5,7415,7165,7115,6925,6655,6445,6335,6315,6235,6055,589

Authorizedcapital stock,

common

1, 714, 224,0151, 715, 527,4151, 718,132, 5651, 717,107,1651, 713, 508,1651, 754, 760, 6291, 753, 790,6291, 752, 883,1291, 753,458,1291, 748, 968,1291, 748, 495, 6291, 741, 729, 668

1, 737,1, 732,1, 728,1, 725,1, 724,1, 718,1, 713,1, 709,1, 705,1, 697,1, 660,1, 633,

079, 668131, 068321,068826,068821,068432,146822,146282,146277,146752,146760,146380,350

1,644,1, 635,1, 608,1, 605,1, 602,1, 598,1, 589,1, 576,1, 574,1,571,1, 645,1, 641,

834,765615, 265392, 765062, 765337, 815067,815685,815995,815254,815709,825519,825824, 825

1, 640, 249, 8251, 630, 569,8251, 624, 864,8251, 629, 060,8251, 631, 738, 3251, 599, 853,3251, 597, 369, 6751, 602, 829,6251, 597, 612, 6251, 596, 967, 8251, 587, 047,8251, 579, 965,325

1, 522, 213, 6911,464,908, 6911,456,298,6911,400, 231,9411,380,092,1411, 370,361,9411,354,103,7411,346, 791, 2411,340,182,7411, 333, 617,0511,326,730,901

UnitedStates bondson depositto secure

circulation

667, 774,650667, 464, 790667,108, 740667, 251, 240667, 650, 750667,156, 250666, 824, 750666,406, 250667, 320, 950667, 819, 250"1,128,450669, 222, 350

668, 550, 850666, 204, 350667, 434, 800667, 982, 300668, 503, 700667, 419, 300667,154, 800668, 305,100667, 950,100667, 098, 590665, 255, 340660, 625, 090

666,474, 590660, 409, 240664, 944, 440667, 669, 240668, 882, 490669, 827, 590670, 487, 590672, 408, 440733, 600, 490780, 377, 630799, 672, 590812, 590, 590

796, 908, 870796, 069, 670806, 026, 070885, 871, 740899,410, 240897, 952, 290856,394, 230852, 529, 890855, 781, 930857, 210, 430852, 631, 430859, 736,430

890,136, 780890,191,530887,005,520847,058,170799, 699,770750,869,320736, 948,670718,150,910707,112, 660700,112,950696, 720,650

Circulationsecured

by UnitedStatesbonds

663,823,167664, 468, 092664, 928,197665,107, 343665, 974, 780665, 719, 485665,607, 070663, 528, 038664, 838,833665, 853, 557668, 017, 935

1,033,075

667, 078, 250664, 451, 097664, 220,805666, 682, 898666, 770, 878665, 889,688665, 591, 438666, 594, 576666, 020, 536665, 271,853665,182, 578658,491,916

664, 798, 311654, 580, 738665,138, 348666, 238, 578666, 472, 241668, 580, 423669, 570, 345667, 831, 250719, 829, 513769, 831,107787, 913, 945796, 032, 621

786,734,150786, 034, 870800, 885, 900875,820,165893,199, 238864, 590,423853, 935, 968848, 207, 263851, 509, 995852,464,810849,453, 595853,937, 995

885, 835,678886,086, 290884,147,835840,848,330791,996,353743,980,298729,973,968713,013,985702,209,638694,482,633692,796, 653

Lawfulmoney ondeposit to

redeemcirculation

34,118,07332,115, 29831, 669, 54831, 066, 74531, 225, 24831, 933,19332, 710, 39833, 025, 39032, 984, 33533, 414, 77332,137, 96531, 911, 805

31, 358, 44531, 939, 06833, 892, 70332, 566, 68531, 278,17330, 709, 43831, 413, 00831, 911, 24032, 239, 74532, 861, 92333, 826, 45343, 896,465

45,813, 58561,183, 87867, 238, 87571, 700, 68571, 523, 84070, 036, 50067,103, 86866,046,17363, 576, 84062,191, 67875,161, 95579,848, 287

94, 596, 69895, 111, 14093, 435,15590,840, 37588, 832,155

116, 072, 980116, 665,120118,426, 910114,422,100110, 533, 735112, 094, 540107,333, 292

101,678, 70099,508,223

100,489,113140, 699, 333182,152, 445219, 211, 255224, 720, 785228, 770, 240226,778,812223, 506,135214, 595, 435

Totalnational-

bank notesoutstanding

697,941,240696, 583, 390696, 597, 745696,174, 088697, 200, 028697, 562,678698, 317,468696, 553, 428697, 823,168699, 268, 330700,155, 900699, 944, 880

698, 436, 695696, 390,165698,113, 508699, 249, 583698,049, 051696, 599,126697, 004, 446698, 505, 816698, 260, 281698,133, 776699, 009, 031702, 388, 381

710, 611, 896715, 764, 616732, 377, 223737, 939, 263737,996, 081738,616, 923736, 674, 213733, 877,423783, 406, 353832, 022, 785863, 075, 900875,880, 908

881, 330,848881,146, 010894, 321, 055966, 660, 540982,031, 393980, 663,403970, 601, 088966, 634,173965, 932, 095962, 998, 545961, 548,135961,271,287

987, 514, 378985, 594, 513984,636,948981,547, 663974,148, 798963,191, 553954,694,753941,784, 225928,988,450917,988, 768907,392, 088

NOTE.—Notes redeemed but not assorted not included in circulation outstanding.NOTE.—New series of notes included since July 1929.

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Page 187: Annual Report of the Comptroller of the Currency 1934

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

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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

Page 189: Annual Report of the Comptroller of the Currency 1934

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

Page 190: Annual Report of the Comptroller of the Currency 1934

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

Page 191: Annual Report of the Comptroller of the Currency 1934

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

Page 192: Annual Report of the Comptroller of the Currency 1934

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

Page 193: Annual Report of the Comptroller of the Currency 1934

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

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Page 194: Annual Report of the Comptroller of the Currency 1934

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.

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Page 195: Annual Report of the Comptroller of the Currency 1934

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.

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Page 196: Annual Report of the Comptroller of the Currency 1934

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.

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Page 197: Annual Report of the Comptroller of the Currency 1934

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.

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Page 198: Annual Report of the Comptroller of the Currency 1934

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

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Page 199: Annual Report of the Comptroller of the Currency 1934

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

Location

Maine.. _New HampshireVermontMassachusetts _Rhode IslandConnecticut

Total New EnglandStates

New York.._New JerseyPennsylvaniaDelawareMarylandDistrict of Columbia

Total Eastern States

VirginiaWest VirginiaNorth CarolinaSouth Carolina _..GeorgiaFlorida...AlabamaMississippiLouisianaTexasArkansasKentuckyTennessee

Total Southern States...

Num-ber ofbanks

342822

1905265

391

24150

1266

36

465

673540483322341913

142454351

592

Capital

$4,605,0002,595,0002,029,990

72,691,20016,717,55018,932,770

117,571,510

125,331,2916,820,450

37,109,095585,010

10, 249, 372)., 080,000

184,175,218

!>, 937,1002, 508,900

i 4,311,0004, 512,000«, 837, 000% 265,0004, 560,000

, 560,000:{, 625,000

II, 142, 500a, 357, 5006,006,9008,090,000

64,712,900

Location

Ohio _IndianaIllinoisMichigan _WisconsinMinnesotaIowa _Missouri

Total Middle WesternStates

North DakotaSouth DakotaNebraskaKansasMontanaWyomingColoradoNew Mexico _.Oklahoma

Total Western States..-.

WashingtonOregonCaliforniaIdahoNevadaArizona

Total Pacific States

Total United States

Num-ber ofbanks

2527482636

1164451

372

8451

10583379

357

192

603

7330

11326

15

248

2,672

Capital

$3,490,0001,908,000

82,310,0003,020,0003,620,0007, 631,0002,285,00018,001,800

122, 265,800

2, 760,0001,750,0005, 335, 0004,182, 0001,485, 000320, 000

2, 755,000400, 000

7, 970, 000

26, 957, 000

6, 825,0001,951, 000

45, 272,8001,080,000

50,000300,000

55,478,800

571,161, 228

i $300,000 of which is preferred capital stock.

TABLE NO. 10.—Conversions of State banks and primary organizations as nationalbanks from Mar. 14, 1900, to Oct. 31, 1934

Classification

Capital less than $50,000Capital $50,000 or over - .

Total

Conversions ofState banks

Num-ber

898855

1,753

Capital

$23,933, 300268,1)07,800

291,941,100

Reorganizationsfrom State andprivate banksand national

banks

Num-ber

1,1671,302

2,469

Capital

$30,909, 500212,023, 500

242,933,000

Primaryorganizations

Num-ber

2,6872,123

4,810

Capital

$69, 375,500345,004, 600

414, 380,100

Total

Num-ber

4,7524,280

9,032

Capital

$124, 218, 300825,035,900

949, 254, 200

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Page 200: Annual Report of the Comptroller of the Currency 1934

TABLE NO. 11.- -N umber of national banks increasing their capital, together with the amount of increase monthly for years ended Oct. 31, since1929 CO

O

Months

1930

Num-ber Capital

1931

Num-ber Capital

1932

Num-ber Capital

1933

Num-ber

Commoncapital

Num-ber

Preferredcapital

1934

Num-ber

Commoncapital

Num-ber

Preferredcapital O

H

Q

oH

November.December-JanuaryFebruary..MarchAprilMayJuneJulyAugustSeptember .October

Total

$5,932, 50023,615,0004, 763, 4004,850,0001,870,0001,671,000

46,122,4643,305,0003,562,5001, 585,000

625,0001, 512,500

$1,521,5391,630,0001,195,000

420,0001,575,000

365,000216,078855,000665,000

1,330,0002,655,0001,225,000

$14,600,50424,665,000

285,500822, 500

6,050,000750,05070,000

845,000260,00072, 500

925,010

$245,000355,000550,000187,50065,000

630,000115,000

1,841,3503,268,300

475,000473,700775,000

$680,0007,576,9005,394,000

20,011,2006,582,0004, 750,0002,560,0001,185,000

$482, 500963,367355,000182,500

1,270,750430,000200,000760,000610,000

1,176,5001,028,810

873,100

5255573

160118127194177138115105

$540,00062,222,50087,515,0009, 295,000

79,093,50028,637, 5008,392,500

41,955,90017,553,75015,695,00010,406,75012,012, 750

1225 i 99,414, 364 2 13,652,617 3 64 3 49,346,064 4 8,980,850 166 48, 739,100 «107 «8,332,527 1,292 373, 320,150

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

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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

Year

1914—.1915191619171918—1919—1920—1921—.1922___.1923_...1924._..1925.._.1926—1927—..1928—1929—1930—1931—1932—1933—1934—

Chartered

No.

195 $18,1441221761642453611692321901352511601351131411087868176476

Capital

1,675,0009,689,5006,630,00011,590,00013,400,00021,780,00031,077, 50020,005,00024,890,80030,522,50021,375,00026,040,00029, 705,00043, 570,00026,160,00038,195,00012,240,0009,690,00087,145,00074,761,50061,174,100

Closed

Consolidatedunder act

Nov. 7, 1918

No. Loss tocapital

i $3,220,00011,650,000

i 850,000i 3,275,000i 2,575,000i 1,255,000i 1, 660,000i 4,455,010i 3,407,00016.857,500i 4, 780,075i 1,355,000i 2,882, 500i 3,385, 500i 2, 765,000

In voluntaryliquidation

No.

8213510768838493103121155123153165156221263308236155357

Capital

113 $26,487,00013,795,00014,828,00014,367,50016,165,00016,380,00014, 730,00037,075,00018,910,00039,290,00040,745,00014,467,50028, 668,30037,495,00027,381,00098,267,50039,230,40059, 595,00097,340,30026,805,00045, 263,000

Insolvent

No.

21 $11413721534315313898911356179104

380 50,348 76,395

Capital

., 810,0001,830,000

805,0001, 230,000

250,00025,000

205,0001,870,0002,015,0003,405,0009,635,0006,420,0005,412,5008, 257,0004,135,0006,575,0008,355,000\ 862,0001,505, 585i, 107,500

356,585,000

Net yearlyincrease

(exclusive ofexisting banks

increasingtheir capital)

No.

61

15

Capital

6294

135 $2,155,000257 14,492, 500

1877 690,800

3,492, 500

Net yearlydecrease

(exclusive ofexisting banks

decreasingtheir capital)

No.

26

$9,622,0005,935,5009,003,0004, 007,5003, 015,000

19, 790,000

305

Capital

3 14, 747, 500174 30, 260,000

8,820,8104,439,000

125 11, 743, 500201 70, 707, 575288 35, 260,400599 96,809,500515 55,406,385

27,656,000210 30,208,900

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

Location Organ-ized

1267985

37067

120

847

990412

1,27030

14031

2,873

246187147117181131170

Consoli-dated

under actNov. 7,

1918

421

1724

30

471540

14

107

17946812

Insolvent

135

1627

26

69

12556

2001

177

406

26374443404246

In liqui-dation

682023

1875156

405

35297

304135810

834

67605449733850

In exist-ence

415245

1391254

343

466244726

166410

1,526

136814519605072

MaineNew Hampshire-VermontMassachusettsRhode IslandConnecticut

Total New England States.

New YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of Columbia..

Total Eastern States-

Virginia. __West Virginia...North Carolina..South Carolina.GeorgiaFloridaAlabama

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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

Location

MississippiLouisiana _.TexasArkansas . _ _ _ _ .KentuckyTennessee

Total Southern States.. __

OhioIndianaIllinois .- -MichiganWisconsin _Minnesota . . . .IowaMissouri

Total Middle Western States

North DakotaSouth Dakota _NebraskaKansas . . __ __ . _ -MontanaWyoming _.ColoradoNew Mexico __Oklahoma ..

Total Western States

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

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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

Total (4 banks)

Capital

Common

$25,000

200,000300,000300,00050,00050, 00025, 00025,00025,000

975, 000

25,000500, 00050,00020,000

595, 000

Preferred

$25,000

50,00050,00025, 00025,00025,000

175,000

25, 000500,00050,00030,000

605,000

i Title changed to "Union National Bank of Little Rock,"

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1 9 4 EEPOET OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 16.—National banks chartered during the year ended Oct. 3131934—Con.

Char-terno.

TitleCapital

Common Preferred

1390213928140211414614148142i3142221424814254

1382813961139681400314195

13897140461406114193142431425514257

1383813856138641386513872138861389213903139411396313966139751399314008140101402414035140741411014115141181412714134141371414014159141611417314178142171422114235142371424414245142461424714260142651426814285

COLORADO

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 .

$50,00075,000100,00050,00050,00025,000100,00050,00025,000

525,000

Total (5 banks).

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 •____..___

345,000

100,000100,000100,00050,000100,00050,00050,00075,00050,00050,00050,00025,00050,00050,00050,000100, 00025,00025,000100,00050,000100,000200,0025,00025,00055,00025,000160,00025,00075,00050,00025, 00025,00025, 00025,000150,000300,00025,00050,00020,00025,00025,000

$50,00075,000

50,00050,00025,000200,00050,00025,000

525,000

25,00025,000100,00050,000

200,000

25,000

25,00050,00030,00025,00050,000

205,000

25,00050,00050,000

25,000

~75,~666

25,00025,000100,000

25,00025,000

25,000

25,00075,000

25,00025,00025,00025,00050,000

25,00050,00030,00035,00025,000

Total (41ibanks) _ 2,685,000 865,000

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KEPOKT OF THE COMPTBOLLElt OF THE CUBREKCY 1 9 5

TABLE NO. 16.—National banks chartered during the year ended Oct. 31,1934—Con.

Char-terno.

TitleCapital

Common Preferred

138621388813938139771398713988140471407514113141751421814226142581428814292

138421384913890139391397813991140281403614040140411405714065140661406914085141291414314158141721425314286

13924139901404814163

13906139831402614039140761413814259

13839138511408614168142251422814281

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

$25,00055,000200,00025,000250,00025,000200,00025,00050,000100,00030,00025,00050,00025,00025,000

1,110,000

50,00050,00025,00025,00025, 00050,00050, 00025,00040,00030,00060,00025,00025,00025,00025,00035,00025,00025,00050,00040,00035,000

740,000

100,00025,00050,00050,000

225, 000

50,000100,00050,00025,00050,000100,00020,000

395,000

50,00050,00025,00025,00025,000200,00025,000

$25,00045,000500,00025,000

25,000

25,00050,000150,00030,00025,000

25,00025,000

950,000

25,00025,00025,00050,00050,00025,00010,00020,00040,00025,00025,00025,00025,00015,00025,00025,000

25,00050,000

510,000

100,00025,000

125,000

100,000

25,00050,00050,00030,000

255,000

50,00025,00025,00025,000300,00025,000

Total (7 banks) . 400,000 450,000

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196 REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 16.—National banks chartered during the year ended Oct. 81,1934—Con.

Char-terno.

138271384314224

138401385313867139791404414106

138351393314033140871415214266

13821138241383313841138571385813874139291393113976139951400914016140221403214062141021411114116141441418514187142491426914280

1397213973140421406814167142161422014296

14176

TitleCapital

Common Preferred

MAINS

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

Total (8 banks)..

MISSISSIPPI

First National Bank in Waynesboro

$50,00050,00050,000

150,000

50,00050,00050,00075,00050,00050,000

325,000

50,00050,000100,000100,00050,000100,000

450,000

80,00025,00075,00025,00050,000360,000100,00025,000100,000300,00050,00050,00050,00025,000250,00050,00062,50020,00050,00025,000400,00050,000350,00025,00020,000

2, 617, 500

25,00025,00020,00020,00020,00020,00050,00050,000

230,000

20,000

$50,000

50,000

50,000

50,000

100,000

40,00025,00075,00025,000

550,00050,00025,000

500,000

50,00050,00025,000350,000

30,00050,00025,000600,00050,000350,00025,00030,000

2,925,000

25,00025,00030,00030,00030,00030,00050,000

220,000

30,000

a Placed in voluntary liquidation Feb. 20,1934.

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KEPORT OF THE COMPTROLLER OF THE CURRENCY 197

TABLE NO. 16.—National banks chartered during the year ended Oct. 81,1984—Con.

Char-terno.

TitleCapital

Common Preferred

138751393614092141191412814196

13837

13953140041401714018140731408314174141941425614282

138291386114100

138341384813855138931389813910139161394613969140061401414084140881414514151141531416214177141891424014287

14081

MISSOURI

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..

Total (22 banks) .

NEW MEXICO

The First-American National Bank in Tucumcari.

$100,000300,00050,00025,000

400,00025,000

900,000

25,000

50,000100,00030,00050,00020,00050,00050,00025,00020, 00020,000

415,000

100,000100,000100,000

300,000

300,000100, 00050,00050,000100,00050,000100,000200, 000100,00050,000100,00050,00050,00050,000100,00080,000150,00025,00025,00025,000100,00050,000

1,905,000

50,000

$25,000300,00025,000

350,000

25,000

50,000100,00020,00050,00030,000

25,00030,00030,000

335,000

50,00050,000

20,000

25,00025,00025,000

50,000

245,000

50,000

« Title changed to Berlin City National Bank.

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Page 208: Annual Report of the Comptroller of the Currency 1934

1 9 8 REPORT* OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 16.—National banks chartered during the year ended Oct. 31,1934—Con.

Char-terno.

138221382513876138821388913895139091391113913139451395213955139561395913960139621396514019140251407814267

138591389613985141471422914291

1408014275

13832138361384413847138501388313899139051391213914139201392213923139441397113989139961399714011140301405014077141051413214141141831418814192142031423214261142641429014294

TitleCapital

C o m m o n Preferred

NEW YORK

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

$250,00050,00075,000300,00050,00050,000100,000100,00050,00050,000110,000300,000250,000100,00050,00050,00050,00050,00075,00025,00025,000

2,160,000

50,00050,000100,000100,00025,000100,000

425,000

25,00022,000

47,000

200,00035,00075,00050,00050,00050,00050,000125,00050,000300,000600,000100,00050,00050,000140,00050,000100,000100,00025,000200,000200,00050,000150,00030,00025,00050,00025,00030,00025,00050,00025,00025,000100,00025,000

$50,000

90,000

"Ioo,"o6o

50,000

25,00025,000

340,000

50,000100,000100,00025,000100,000

375,000

25,00028,000

53,000

15,000

"l2,"000

75,00050,000

50,000

25,000200,000

200,00030,00025,000

25,00020,00025,00050,00025,00025,000100,00025,000

Total (34banks)... , 1 3,210,000 977,000Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 209: Annual Report of the Comptroller of the Currency 1934

KEPOKT OF THE COMPTROLLER OF THE CURRENCY 199

TABLE NO. 16.—National banks chartered during the year ended Oct. 31, 1934—Con.

Char-terno.

13891139301400514020141081413114278

140011405414241

138231382613845138461385213860138631386613868138691387113873138841388713900139071390813917139271393713940139421394713950139571396713970139801398213992139941399813999140071402314029140311403714043140491405114055140671407014071140791408:14089140911409314094140981410714112141171412014121X4122

Title

OKLAHOMA

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

Capital

Common Preferred

$50,000100,00040, 00050,00020, 00030, 00050, 000

340, 000

25,00025, 00025, 000

75, 000

200,00025, 00050, 00050, 000

2, 500, 000100,00050,000150, 00050, 00050, 00025, 000200,00025, 00050, 00050,00025, 00050, 00080, 00050, 000100, 000125, 00025, 000200, 00050,00050, 000200,000100, 00025, 00050, 000125,00050, 000225, 00060, 000200, 000600, 00050,00050, 000100, 00050, 00050, 00030, 000200, 00050, 00025, 00025, 000100, 00050, 00050, 00050, 00075, 00025, 000150, 00075,00025, 000100, 000100,00025,00050, 000

$50,000100,00060,000

30, 00040, 00050, 000

330, 000

25, 00025, 00025, 000

75, 000

25, 000

50,000

"25," 666

25, 000

50, 00025, 000

25, 00025, 000300, 000

25,000

225, 000

"266," 666

25,00050,000

30, 000200, 000

25, 00025, 000

50, 000

25, 00025, 00075, 00075, 00025, 000

100, 00025,00025, 000

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

Page 210: Annual Report of the Comptroller of the Currency 1934

200 REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 16.—National banks chartered during the year ended Oct. 31,1934—Con.

Char-terno.

TitleCapital

Common Preferred

1412314133141391415514156141691417014171141811418214191141971420114205142101421414215142191423914250142511426214263142711427414276142771428414293

1390113981

139181413514211

1409914252

139481423114279

13854139191392513926139341393513943139511396413974139841401214015

PENNSYLVANIA—continued

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 ._

$50,00077,30050,000100,00050,00025,000200,000200,00025,00050,00050, 000250, 00025,00060.000

200,00025,00025,000

300,00040,000

125, 00025,000

100,00035,000

125,000300,00025,000

, 000,00075,000

100,000

Total (87 banks).. 11,182,300

RHODE ISLAND

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—

50,00075,000300,000100,000100,00050,000

300, 00050,00025,00025,000100,00025,00050,000

$50,00077,300

25,000

300,00025,000

25,000250,00025,00040,000200,00025,00040,000

60,000

25,000100,00050,000125,000200,00025,000500,00075,000100,000

4,122, 300

100,000

100,000

50,00050,00070,000

170,000

50,00030,000

80,000

50,00025,000

75,000

350,000100,000

300,000125,00025,00025,000

25,000

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

Page 211: Annual Report of the Comptroller of the Currency 1934

REPORT OF THE COMPTROLLER OF THE CURRENCY 2 0 1

TABLE NO. 16.—National banks chartered during the year ended Oct. 31, 1934—Con.

Char-terno.

TitleCapital

Common Preferred

1402714072140901410114104141141412414126141491415414157141641416514179141991420414206142071420814212142271423614270142721427314283

13894139151398614234

138781388014052141801419014223

140381416614186

13830138311388113885139541400214013140341405314136141421419814295

TEXAS—continued

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

Total (13 banks) .

$60,00025,00025,00025,00050,000

100,00020,00025,00025, 00025, 00025, 00050, 00025, 000

200, 00025, 00025,000250, 00075, 00075, 00025, 00025, 00050, 00050,00025,000100,000200,000

$75,00025,00025,00050,00050,000100,00030,00025,00025,00025,00025,00050,00025,000150,00025, 00025,000250,00050,00075, 00025,00025,00050,00050, 00025,00050,000

300, 000

2, 855, 000 2, 630,000

25,000100,000

25, 000

25, 00025,000

175,000

25,00025,000

75,000

60, 00050, 00050, 00050,00025, 00050,000

50,00025, 00060, 000

275,000 125,000

25,00030,00050,000

25, 00020,00050,000

105,000 95, 000

25,000100,00050,000

25, 000

100,000150,000100,00025, 00025,00050,000

50, 00025, 00025, 000

25,00050,00030,00050,000

780,000

25, 00050, 00020, 00050,000

270,000

* Placed in voluntary liquidation, Oct. 1, 1934.

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

Page 212: Annual Report of the Comptroller of the Currency 1934

202 REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 16.—National banks chartered during the year ended Oct. 31,1934—Con

Char-terno.

13870138791390413921139321405814059140601406314064140951410914125141301415014184142001423314242

14103

Title

WISCONSIN

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

Total (19 banks) .

WYOMING

The First National Bank of Riverton

Tctal United States (476 banks)

Capital

Common Preferred

$50,000200,00040,000100,00025,00025,00025,00050, 00050,00075,00020,00080,00075,00050,00050,00050,00025,00025, 00050,000

1,065, 000

25,000

41, 401, 800

$50,000250,00010,000

25,00025,00025,000

25,00030,000120,00025,000

25,00025,000

635,000

» Title changed to "Manitowoc 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

1933June 5Dec. 22

1934Jan. 4Feb. 6Mar. 9Mar. 10Mar. 13Mar. 20Apr. 11...do....

The Morgan County National Bank ofDecatur

The First National Bank of GreenvilleThe First National Bank of Anniston__

The Anniston National Bank, AnnistonThe Commercial National Bank of Demopolis..The Commercial National Bank of Anniston—

Footnotes at end of table p. 236.

Apr. 26

May 11May 16

June 18

. — d o . . . .

June 26June 30

1 $5,000,000.002 3 2,500,000.00

40,000.00

25,000.00500,000.00100,000.00200,000.00500,000.0050,000. 00

750,000.0050,000. 00

i 200,000.003 125,000.00

100,000.00125,000.00149,000.003 1,000.0095,900.003 4,100.0025,000.0075,000.00

>45

55555555

15

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

Page 213: Annual Report of the Comptroller of the Currency 1934

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

Fullerton

Date

1933July 28Aug. 2Sept. 7

Feb. 12

Mar. 20July 16

1933Aug. 16

1934Jan. 5Feb. 24Feb. 27Mar. 2Apr. 21May 7May 15June 5June 8June 19July 3

do. . . .July 19July 24Oct. 13

1933Jjune 29Dec. 27

1934Jan. 4Jan. 17Jan. 23Jan. 24Feb. 5Feb. 19Mar. 5Mar. 21

-__.do.._.Apr. 3Apr. 5Apr. 10Apr. 11Apr. 12Apr. 17

Apr. 20

__. .do. . -

Preferredincreasecapital

$25,000.0025,000.0075,000.00

10,740,000.00

37,500.00

100,000.00200,000.00

300,000.00

3 200,000.00

250,000.0050,000. 0020,000.0025,000.0020,000. 0015,000.0030,000.00

200, 000. 0025,000.00

200, 000.0025,000. 0015,000.0050,000. 0025,000. 0020,000.00

1,170,000.00

/ 2, 500,000.00\3 2,500,000.00

50,000.00

25,000.00100,000. 0050,000.0025,000.0025, 000. 0025,000.0010,000.0050,000.0025, 000.0025,000.0020, 000.00

500,000.0025,000.0025,000.0025,000.00

1,000,000.00

125,000. 00

Parvalue

ofshares

$30.00100.0062.50

50.00

80.006.25

100.00

100.0040.00

100.00100.0080.00

100.00100.0020.0075.00

100.0050.0050.00

100.0025.0040.00

} 20.00100.00

25.0012.5025.00

100.0010.00

100.0060.0025.0010.00

100.00100.00100.0012.5080.00

100.00

100.00

100.00

Sold atper

share

$30.00100.0062.50

50.00

80.006.25

100.00

100.0040.00

100.00100.0080.00

100.00100.0020.0075.00

100.0050.0050.00

100.0025.0040.00

20.00100.00

25.0012.5025.00

100.0010.00

100.0060.0025.0010.00

100.00100.00100.0012.5080.00

100.00

100.00

100.00

Percentof divi-dendto bepaid

on thepar

value

444

5

54

5

555555554544444

6

5

555555555555555

5

5

Footnotes at end of table.

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

Page 214: Annual Report of the Comptroller of the Currency 1934

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

Charterno.

Title DatePreferredincreasecapital

Parvalue

ofshares

Sold atper

share

Percentof divi-dendto bepaid

on thepar

value

2491955112976786780651132613178

1021310200119221321712172118732456

822212766989210387111612104

130927999

9621

125456268

11282

7997134651305412328

7435165112517

8572

9278

326982961125386364007538199071309811504366170041119797972637

CALIFORNIA—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

June 30. . . d o . . . .

. . . d o . . . .

July 6July 12July 24

July 30

Aug. 4Aug. 21Aug. 24Sept. 1

$12,000,000.0050,000.0025,000.0050,000.0040,000. 0025,000.0010,000.0029,625. 00

3 375.0020,000. 0010,000.0025,000.0050,000. 0050,000.00

200,000. 00

200,000. 0025,000.00

3 12, 500.0015,000. 0025,000.0025,000.00

125,000.0025,000.00

150,000.00

75,000.00300,000.00

62, 500.0016,800. 003 3,200.0025,000. 0015,000. 00

100,000. 0010,000.00

$30.00100.0050.0080.0080.00

100.0010.00

' 62.50

40.0080.0050.00100.00100.0020.00

100.0050.0062.5030.00100.00100.00

100.0075.00

50.00

100.0020.0050.00

20.00

50.0060.0040.00100.00

$30.00100.0050.0080.0080.00100.0010.00

62.50

40.0080.0050.00100.00100.0020.00

100.0050.0062.5030.00100.00100.00

100.0075.00

50.00

100.0020.0050.00

20.00

50.0060.0040.00

100.00

Total (50banks). 20,925,000.00

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

1933Sept. 18Sept. 21Dec. 29

1934Jan. 4Jan. 8

Jan. 20Jan. 31

do..Feb. 2Feb. 5Feb. 20Feb. 24Mar. 5Mar. 12Mar. 13Apr. 4Apr. 25Aug. 18Sept. 6Sept. 26

25,000.001,500,000.00300,000.00

100,000.0025,000.00

50,000.00700,000.0025,000.00100,000.0025,000.0050,000. 0050,000.0025,000.0050,000.0012,500.0075,000.0050,000.0010,000.0050,000.00

100,000.00

100.00100.0050.00

100.00100.00

50.0050.0075.0050.0050.00100.00100.00100.0050.00100.0050.00100.0080.00100.00100.00

100.00100.0050.00

100.00100.00

50.0050.0075.0050.0050.00

100.00100.00100.0050.00

100.0050.00

100.0080.00

100.00100.00

Total (20 banks). 3,322,600.00

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

Page 215: Annual Report of the Comptroller of the Currency 1934

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

Ocala

s $160,000.003 50,000.00

3 200,000.00

50,000.0050,000. 0020,000.0050,000.00

150,000.00/ 399, 776.00I 3 224. 00

25,000. 00/ i 150,000.00\2 3 126,900.00/ 1630,000.0012 920,000.00/ 994, 520. 00\ 3 5,480.00

3 100,000. 0025,000. 00

r i ioo, ooo. ooI 2 3 25,000. 00

3 50,000. 00

150,000.00

3 200,000. 00

$100.00100.00100.00

62.5020.0080.0062.5037.50

• 32.00

100.0015.0025.0045.00

100.00

20.00

25.0050.00

50.00

25.00

60.00

50.00

$300.00100.00100.00

62.5020.0080.0062.5037.50

32.00

100. 0015.0025.0045.00125.0020.00

25.0050.0050.0025.00

60.00

50.00

4,631,900.00

75,000. 00/ i 15,000. 00\ 2 3 io, 000.00

25,000. 00

3 45,000. 00

125.00100.00100.0083.33

100.00

125.00100.00100.0083.33

100.00

170,000. 00

1934

Feb. 1Sept. 5

1933Sept. 30

Dec. 151934

Jan. 4

Feb. 10

Feb. 17July 28Sept. 5...do

Sept. 6

f 950,000.003 550,000.00

150,000.00

JlOO.OO60.00

100.00

60.00

1,650,000. 00

150,000.00

50,000. 00

30,000. 00

100, 000. 00

3 100,000. 0025,000.00

100,000.00100,000.00

75,000. 00

100.00

100.00

100.00

200.00

100.0050.00

100.0050.00

37.50

100.00

100. 00

100. 00

200. 00

150.0050.00

100.0050.00

37.50

Total (9 banks). 730,000.00

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

Page 216: Annual Report of the Comptroller of the Currency 1934

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

1933June 27

1934Jan. 3Feb . 23

May 1

May 24

May 29June 5July 31

1933Apr. 13Apr. 20Apr. 22__doApr. 25Apr. 29May 4May 9May 19May 25Aug. 21Dec. 22Dec 30

1934Jan. 12

Feb. 1Feb . 6Feb . 24Feb. 27Mar. 5Mar. 9-_do._-Mar. 10

Preferredincreasecapital

f i $50,000.00\ 23 25,000.00

150,000.00500,000.00

300,000.00150,000.0025,000. 0050,000. 0030,000.0037,500.0050,000.00

100,000.00

1,467, 500.00

100,000.00

300,000. 00100,000.00

r 20, ooo. ooI 3 5,000.00

15 000 00

35 000 0020,000. 0025,000.00

620,000. 00

3 200 000 003 100,000.003 100,000. 003 200,000. 003 200,000. 00

3 20,000. 003 150,000. 00

3 50,000. 003 10,000.003 50,000. 00

3 200,000. 00f49,999, 666. 67

3 333 33350, OOO! 00

25,000,000. 00

500 000 0025,000.0030,000.0025,000. 0075,000. 0075,000. 0025,000. 0025,000. 00

Parvalue

ofshares

$25.0025.00

50.00100.00

5.0030.00

100.0010.00

100.0050.0083.3350.00

100.00

100.00100.00

jioo.oo

40.00

200 008o!oo25.00

100. 00ioo!oo100.00100.00100.00100. 00100.0025.00

100.00100. 00100.00

• 33. 33

10.00

100.00

100. 00ioo!oo60.0050.00

100.00100.00100.00125.00

Sold atper

share

$25.0025.00

50.00100.00

5.0030.00

100.0010.00

100.0050.0083.3350.00

100.00

100.00100.00

100.00

40. 00

200.0080.0025. 00

100. 00ioo!oo100.00100.00100. 00100. 00100.0050. 00

100.00100. 00100.00

33. 33

10.00

100.00

100.00ioo!oo60.0050. 00

100. 00100.00100.00125. 00

Percentof divi-dendto bepaid

on thepar

value

1526

55

55444444

— :

6

55

5

5

544

g6466466456

5

5

5

5555555

Footnotes at end of table.

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

Page 217: Annual Report of the Comptroller of the Currency 1934

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

1934Mar. 13Mar. 19Mar. 21Mar. 22

Mar. 28

Mar. 31Apr. 3Apr. 4Apr. 12

dApr. 19_._doApr. 23Apr. 24

Apr. 26

Apr. 30May 1May 2May 7-_doMay 8. .do

May 22

May 25May 29June 6June 7June 12June 14June 19

June 23June 26

June 27June 29

July 7July 16

July 17

July 18.__do

July 24

July 25July 27

Aug. 6

Aug. 7Aug. 14

Aug. 24

Aug. 28do

Aug. 30Aug. 31

Sept. 12

Sept. 14

$35,000. 0012, 500. 0025,000. 0050,000. 00

200, 000. 00

500, 000. 00

;5O,ooo.oo' ' ,25,000. 00, 50, 000. 00

i 50, 000. 00! 25, 000. 00

50, 000. 0025,000. 0012,000. 00

i 75,000. 002 3 25, 000. 00

150,000. 0015, 000. 005, 000. 00

35, 000. 0075,000. 0020,000. 0025,000. 0050, 000. 0045, 500. 00

3 4, 500. 0020, 000. 0050,000. 0050,000. 00

100, 000.0045,000.00

250,000. 00a 15,000.00

750,000. 0025,000. 00

50, 000. 00150,000. 001 15,000. 00

2 3 5, 000. 0090,000. 0020, 000. 00

282,960. 00317,040.00

60,000. 0075, 000.0022,400. 003 2, 600. 0075, 000.0060,000.00

i 12, 500.002 3 12, 500. 00

100, 000. 003 25,000. 00

25,000. 001 25,000. 00

2 3 5, 000. 0025, 000.00

200,000. 0030, 000.0025,000. 0074,000.003 1, 000. 0075, 000.00

$125. 0050.00

100. 0062.50

80.00

20.0080.00100. 00100.00125. 0062.50125.0050. 0075.0050.00100.0050.0075.00100. 00125. 0050.00100.0062.5050.00

) 31. 25

80.0050.0020.00100.00100.0031.25100.00

100.0012.50

6.2550.0050.00100.0060.00100.00

30.00

60.0037.50

50.00

30.0040.0025.00100. 00125.00100.0050.0062. 50100. 0083.3362.50125. 0050.00

62.50

50.00

$125. 0050.00100. 0062.50

80.00

20.0080.00100.00100. 00125.0062.50125. 0050.0075.0050.00100. 0050.0075.00100. 00125. 0050.00100.0062.5050.00

31. 25

80.0050.0020.00100. 00100.0031.25100.00

100. 0012.50

6.2550.0050.00100. 0060.00100. 00

30.00

60.0037.50

50.00

30.0040.0025.00100. 00125. 00100.0050.0062.50100. 0083.3362.50125.0050.00

62.50

50.00

555555555

i 526

5555555

5444444

44

44

i 424

44

44

1 52 6

454

142 3

4444

4

4

Footnotes at end of tableDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 218: Annual Report of the Comptroller of the Currency 1934

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

La Porte. _

Apr. 18Apr. 19Apr. 21Apr. 25__doApr. 27May 13June 5June 6June 28

1934Jan. 10

Jan.Feb.Feb.Mar.Mar.Mar.Mar.Mar.Mar.

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

CityThe First National Bank of Crown Point

Apr. 3Apr. 4Apr. 14—,do__.Apr. 23May 14

May 15June 5June 8June 9...do—.June 14

June 30

July 11

July 12July 24

3 35.000.003 500,000.003 25,000.003 40,000. 003 25, 400. 00

3 100,000.003 25,000. 00

3 125, 000. 003 150, 000. 003 75, 000. 003 80,000. 00

3 100,000.00

75,000.00

700, 000. 00100, 000. 0025,000.0040,000.0015,000. 00

500,000.00i 35,000.00

15,000.0075,000. 00

143,800.003 6, 200. 0030, 000. 0050, 000. 00

3 25, 000.0062,500.0050,000.00

75,000.00i 25,000.00

2 3 15,000.0050,000.00

1 125,000. 002 3 50,000. 00

i 50,000. 0062, 200.00

3 12,800.00i 500,000. 00

2 3 225,000.00

45,000. 00

50,000.0040,000.00

100.00100.00100.00100.00100.00100.00100.00100.00100.00100. 00100.0050.00

100.00

20.0080.00100.0080.00120.0010.0070.00100.0040.00

• 25. 00

80.00100.00100.0050.00100. 00

75.0050.00100.0080.0031.25100. 00100.00

•100.0020.0020.00

30.00

40.0040.00

100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100. 0050.00

100.00

20.0080.00100.0080.00120.0010.0070.00100.0040.00

25.00

80.00100. 00100.0050.00100. 00

75.0050. 00100.0080.0031.25100.00100.00

100.0020.0020.00

30.00

40.0040.00

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

Page 219: Annual Report of the Comptroller of the Currency 1934

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

Char-terno.

Title DatePreferredincreasecapital

Parvalue

ofshares

Sold atper

share

Percentof divi-dendto bepaid

on thepar

value

78241066765525331244412132

2307

59344784318925741064073695022111629724310557381332146015979

9619

677113112788013458

1350813020

203287256659

631110746

47423066110105757

595232079758

INDIANA—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..-

1934Aug. 3Aug. 7Aug. 31Sept. 25Oct. 9Oct. 15Oct. 23

Total (45 banks).

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

1933Dec. 30

1934Feb. 23Mar. 13Mar. 15Mar. 27Apr. 17Apr. 21Apr. 30May 3May 29June 14June 21•June 30July 3

July 17

Aug. 10Aug. 14Aug. 16Aug. 24

Sept. 11Sept. 21Sept. 27

[Sept. 28Oct. 2Oct. 23Oct. 25

Total (26 banks).

KANSAS

/The Commercial National Bank of KansasI CityThe Security National Bank of Arkansas City_

The Farmers National Bank of SalinaThe First National Bank of ConcordiaThe Union National Bank of WichitaThe Council Grove National Bank, Council

Grove.The Baxter National Bank of Baxter Springs..The First National Bank of SterlingThe Union Stock Yards National Bank,

Union Stock Yards (P. O. Wichita)

1933[Sept. 18Dec. 30

1934Jan. 18Feb. 17Mar. 15

Mar. 21Mar. 24Mar. 27

Mar. 30

3 $30,000. 0060,000.0025,000. 0025,000. 00

i 150, 000. 00200,000. 00150,000. 00

$50.00100. 00125. 0083.3350.00

100.0062.50

$50. 00100.00125. 0083.3350.00

100. 0062.50

5,192,900. 00

3, 500,000.00

40,000.0025,000. 0020,000.00550,000. 0025,000.0025,000.00200,000.0015, 000.0025,000.0050,000. 0025, 000. 00

1 750, 000. 002 3100, 000. 00

25,000. 00

3 15, 000. 00

25,000. 0025, 000. 00

i 50, 000. 002 3 10, 000. 00

25, 000. 00

50, 000. 0037, 500. 00

i 35, 000. 002 3 15,000. 00i 25,000. 00

2 3 12, 500. 0050,000. 00

3 10,000. 0025,000.00

100.00

40.00100.00100. 00100.0050.0075.00100. 0062.5050.0075.0050.00100.00100.00100. 00

100. 00

25.00100. 00100. 00100. 00100. 00

50.00125. 008.7510; 0025.0025.00125. 00100. 00100.00

100. 00

40.00100. 00100.00100.0050.0075.00100. 0062.5050.0075.0050.00100. 00100.00100.00

100. 00

25.00100. 00100.00100.00100. 00

50.00125.008.7510.0025.0025.00125. 00100.00100.00

5, 785,000.00

' 1350,000.002 3 100, 000. 00

50,000. 00

100,000.0050,000. 00

100, 000. 00

25,000. 0015, 000. 0025,000. 00

50, 000. 00

10.0010.00

100.00

50.0050.0062.50

50.0075.0010.00

50.00

10.0010.00100. 00

50.0050.0062.50

50.0075.0010.00

50.00

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

Page 220: Annual Report of the Comptroller of the Currency 1934

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-

ton (P. O. Latonia Sta., Covington)

Total (22 banks)

Date

1934Apr. 17Apr. 20May 3June 16June 19July 3July 13July 17Aug. 7Aug. 14Aug. 21- d o — „Aug. 25Aug. 27Aug. 28Sept. 5Sept. 13Sept. 17Sept. 18Oct. 4Oct. 10Oct. 11Oct. 17Oct. 20Oct. 23

Oct. 29

1933May 8May 9

Aug. 11

Sept. 2Dec. 30

1934Jan. 11Jan. 27Jan. 29Jan. 31Feb. 1Feb. 23Mar. 13Mar. 23Mar. 24May 24July 9July 12

Oct. 2Oct. 23

Oct. 27

Preferredincreasecapital

$100,000. 0025,000.00

100,000. 0050,000. 0025,000. 0015,000. 0025, 000. 0025,000. 00

f i 15,000. 00I 2 310,000. 00

25,000.0050,000.0050,000.0015,000.0060,000.0025,000.0075,000.0015,000.0015,000.00

100,000.0050,000.0040,000.0025,000.00

j i 25,000.00{ 23 7,000.00

20,000.0035,000.00

20,000.00

1,907,000.00

3 30,000.003 100,000.00

3125,000.00

250,000.0040,000.00

80,000.0050,000.0050,000.0050,000.00

100,000.00100,000.0050,000. 0025,000.0025,000.00

100,000.00r i IOO, ooo. oo\ 2 3 25,000.0025,000.00

50,000.003 65,000.00

15,000.003 60,000.00

30,000.00

1,545,000.00

Parvalue

ofshares

$100.0031.25

100.00100.00100.00100.0080.00

100. 0030.0040.00

100.00100.00100.00100.00100.00100.0062.5075.0050.0040.0080.0080.00

125.0010.0010.0040.00

100.00

40.00

100.0010.00

100.00

10.00100.00

80.00100.0040.00

100.00100.00100.00100.0025.00

100.0080.0040.0050.0062.5050.0050.00

100.00100.00

31.25

Sold at

share

$100. 0031.25

100.00100.00100.00100.0080.00

100. 0030.0040.00

100.00100.00100.00100.00100.00100.0062.5075.0050.0040.0080.0080.00

125.0010.0010.0040.00

100.00

40.00

100.0012.50

100.00

10.00100.00

80.00100.0040.00

100.00100.00100.00100.0025.00

100.0080.0040.0050.0062.5050.0050.00

100.00100.00

31.25

Percentof divi-dendto bepaid

on thepar

value

55555444

1 42 54

444444444444

1425

44

4

65

6

55

5555555555

1 4264

45

44

4

Footnotes at end of table.

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

Page 221: Annual Report of the Comptroller of the Currency 1934

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-

tonThe Nicodemus National Bank of Hagers-

town

Total (19 banks)

Date

1934Jan. 5Apr. 23June 14

1933Apr. 15May 5June 1June 12June 20July 3Oct. 23Nov. 25Nov. 29

1934Jan. 9Mar. 1Mar. 7

Apr. 9Apr. 10June 9July 7Aug. 29

1933Mar. 29Mar. 31

Apr. 1Apr. 5Apr. 22Apr. 26

---doApr. 29May 2May 6

Aug. 3

Aug. 12

Sept. 27

Nov. 14

1934

July 30July 31Aug. 21

Sept. 4Sept 12

Preferredincreasecapital

$50,000.00100,000.00300,000.00

450,000.00

3 300, 000. 003 25, 000. 00

3 100,000. 003 50, 000. 003 50,000. 00

3 150,000. 0035,000. 00

3 50,000. 00400,000. 00

i 150, 000. 003 50,000. 00500,000. 00200,000. 00

25, 000. 0050,000. 00

100,000. 0050, 000.00

/ 1850,000.00I2 3 150, 000. 00

3,285, 000. 00

3 100,000. 003 30, 000. 00

3 50, 000. 003 54, 000. 003 50,000. 003 50,000. 00

3 125,000.003 200,000.003 100,000. 00

f i 100, 000. 00\2 3 100,000.00

3 100,000. 00

3 25,000. 00

3 60,000. 00

3 25,000. 00

100,000. 00f 71,040.00{ 3 3,960. 00

15, 000. 00

150,000. 00f 224,000. 00

3 76,000.00

1,809,000. 00

Parvalue

ofshares

$100.0025.0080.00

100.00100. 00100.00100. 0010.0025.0010.0050.0025.00

100. 00100. 00100. 00100. 00100. 0080.00

100. 0050.0040.0050.00

100. 0010.00

10.00100. 0010.0010.005.00

10.0010.002.502.50

5.00

50.00

5.00

2.50

8.0040. 00

100. 00

20.00100. 00

Sold atper

share

$100.0025.0080.00

100.00100. 00125. 00200. 0020.0025.0010.0075.0025.00

100. 00100. 00100. 00100. 00100. 0080.00

100. 0050.0040.0050.00

100. 0010.00

15.00200. 0030.0020.006.00

20.0020.005.005.00

10.00

100. 00

10.00

5.00

8.0040.00

100. 00

20.00100. 00

Percentof divi-dendto bepaid

on thepar

value

554

666666565

55555545

i 4

6

6666466

i 626

g

6

6

6

444

44

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

Page 222: Annual Report of the Comptroller of the Currency 1934

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.

1933Mar. 23Apr. 8- d oApr. 20May 24June 7June 21June 26July 5Aug. 31

1934Jan. 5Jan. 22Jan. 29Jan. 30. . .do. . . . .Feb. 2Feb. 13Feb. 17•Feb. 19

Feb. 28Mar. 28Apr. 7Apr. 10

Apr. 17Apr. 20[May 1May 9

The First National Bank of New Bedford

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-

hamThe First National Bank of Attleboro

JuneJulvJulyJulyJuly

Aug.

Aug.

30

101421

23

18

25

Aug. 28Sept. 5

3 $150,000.003 200,000. 003 400,000. 003 115,000.00

3 52, 500. 003 51, 200.00

3 250, 000.003 100,000.003 125,000.003 200,000.00

100,000.00250,000.00500,000. 00250,000. 00

1, 500, 000.00300,000.00125, 000. 00

i 150,000.001 100,000. 002 3 25,000. 00

75, 000.0050,000.00

1,000,000.00478, 500.003 21, 500. 00

i 300, 000.00{ 2 3150,000.00

150,000. 00199, 400. 00

3 600. 00100,000.00200,000. 00

3 300,000.00

100,000.00200,000.00150,000.00293, 550. 003 6,450. 00

3 100,000.00200,000.00

i 500,000.003 250,000.00i 500,000.00

\2 3 200,000.003 50,000.00

i 300,000.003 200,000.00

250,000. 003 100,000.00

150,000.0050,000.0075,000. 00

, i 50,000.00\ 2 3 50, 000.00f i 75,000.00

• 3 25,000. 0044, 750. 003 5, 250. 00

200,000.00200,000.00

1100.00100.0020.00

100.0070.00

100.00100.00100. 00100.00

12.50

50.0050.0050.0050.0010.00

100.0050.0050. 0050.00

100.00

50.0025. 00

100. 00

• 50.00

15.0025.00

100.00

[100.00

50.00

20. 00

50.0050.0012.5075. 0050.0025.0025.0050.0025.0050.00100. 0050.0050.00

- 12.5010.0040.0075.005.0010.0020.0020.00

\ 62.50

50.0050.00

ilOO. 00100.0020.00100.0070.00100. 00100.00100. 00100. 0012.50

50.0050. 0050. 0050.0010.00100. 0050.0050.0050.00100.00

50. 0025.00100.0050.0015.0025.00100.00100. 0050.0020.00

50.0050.0012.5075.0050.0025.0025.0050.0025.0050.00

100. 0050.0050.0012. 5010.0040.0075. 005.00

10.0020.0020.0062.50

50.0050.00

Total (47 banks) . . . . _ 12,293.700.00

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

Page 223: Annual Report of the Comptroller of the Currency 1934

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 75̂ 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

Page 224: Annual Report of the Comptroller of the Currency 1934

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

Char-terno.

Title DatePreferredincreasecapital

Parvalue

ofshares

Sold atper

share

Percentof divi-dendto bepaid

on thepar

value

9464

7092635225677508115811157913127

13066

742769211356480495377179455686991926211861

131084617683711761

121407387

123957033678713075118188551558262931174077721313110393

654468131090316836917

7196710913116107106563

11622

MINNESOTA—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

gAug. 4Aug. 14Aug. 17

Aug. 18Aug. 20

Aug. 21Aug. 27

Aug. 28Sept. 1Sept. 5Sept. 17Sept. 29Oct. 2

Oct. 16

1 $15,000.002 3 5,000.001 30,000.00

1 2 3 30,000.0030,000. 0010,000.0062, 500.0025,000. 0030,000.0018,000.0050,000.00

25,000.00

20,000.0040,000. 0020, 000.005,000.00

25,000.0030,000.0030,000.0020,000. 0020,000. 0020,000.00

100,000. 00150,000.0025,000.0015,000.00

» 15,000.002 3 l, 000.00

1 100,000.00a» 50,000.00

10,000.00100,000.0025,000. 00

3 10,000.0015,000.007,500.00

20,000.0060,000.0030,000.00

i 50,000.002 3 25,000.00

30,000.0030,000.0010,000.00

200,000.00

35,000.0050,000.00

1 15,000.002 3 5,000.00

20,000.00100,000.00

40,000.0020,000.0020,000.0050,000.0010,000.00

3 25,000.00125,000.002 3 5,000.00

$100.00100.0015.00100.00100.0062.5050.0050.0060.0075.00100.00

100.00

80.0080.0040.00100.0050.00100.00100.0040.00100.00100.00

100.00100. 0050.00100. 0060.00100. 0025.0050.0040.00100. 0040. 0060.00100.00100.0075.0075.0025.0050.0040.0060.00100.00100.00

70.00100.0025.00100.0050.00100.00

100.0062.5080.0062.50100. 00100.0080.0080.00

$100.00100.0015.00100. 00100.0062.5050.0050.0060.0075.00100.00

100.00

80.0080.0040.00100.0050.00100.00100.0040.00100. 00100.00

100.00100.0050.00100.0060.00100.0025.0050.0040.00100. 0040.0060.00100.00100.0075.0075.0025.0050.0040.0060.00100.00100.00

70.00100. 0025.00100.0050.00100.00

100.0062.5080.0062.50100.00100.0080.0080.00

Total (78 banks). 12,984,000.00

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

Page 225: Annual Report of the Comptroller of the Currency 1934

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

Char-terno.

Title Date Preferredincreasecapital

Parvalue

ofshares

Sold at

Percentof divi-dendto bepaid

on thepar

value

10738517674613258

859372661057611898

13551

1233312955

13142520979218407582768752919170

1291612066

134818011306863699236

1233313690307913162

1107413417111014541458633751100880553120110171098635254396

4803

MISSISSIPPI

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

1933Apr. 25Aug. 8

1934Jan. 10Feb. 27Mar. 5Mar. 13Apr. 7Apr. 11May 29June 4June 5

June 11June 16June 26June 30July 28

Sept. 11do.

Oct.Oct.Oct.

Total (21 banks).

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

HelenaThe Conrad National Bank of Kalispell

1934Mar. 5Mar. 14

Mar. 16. . .do . - - .

Mar. 21Apr. 14Apr. 25May 4July 5Sept. 13

Sept. 14Oct. 19

Total (14 banks)

$100,000.00500,000.00125,000. 00

500,000. 0075,000. 00

150,000. 00i 75,000. 00

2 3 25,000.00

150.000.00200,000. 00

$10.00250.00125.00

10.0025.00

100. 0040.00

100.00

100. 0050.00

$10.00250. 00125.00

10.0025.00

100. 0040.00

100. 00

100.0050.00

1,900, 000.00

3 150,000.003 100,000.00

300,000.00300,000.0020,000.0012, 500.0010,000.0025,000. 0050,000. 00

4,000,000.00500,000.00

500,000.0050,000.00

150, 000. 0025, 000.0015, 000. 00

300,000.00i 100,000.00

25,000.0025,000.00

150,000.00

100. 0025.00

100.00100.00100.00100.00100.00100.00100.0020.0020.00

100.00100.00100. 0050.0045.00

75.0010.0040.0060.0037.50

100.0025.00

100. 00100.00100.00100.00100. 00100.00100.0020.0020.00

100.00100.00100. 0050.0045.00

75.0010.0040.0060.0037.50

6,807, 500.00

16,000.0010,000.00

i 10,000.00\ 2 3 10,000.00

75,000.00100,000.001 25,000.002 3 5,000.0015,000.0060,000.00450,000.0015,000.0010,000.00

200,000.00

200,000.00150,000. 00

64.00100.0010.0020.00100.00100.0020.0020.0050.0030.00100.0060.0062.50100.00

100. 0075.00

64.00100.0010.0020.00100.00100. 0020.0020.0050.0030.00100. 0060.0062.50100. 00

100.0075.00

1,351,000.00

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

Page 226: Annual Report of the Comptroller of the Currency 1934

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

Char-terno. Title Date

Preferredincreasecapital

Parvalue

ofshares

Sold atper

share

Percentof divi-dendto bepaid

on thepar

value

1633

209

3960637827466506134251355713244529752829666828697311351528489908

1333313408299495812978

1001143248328

134539623

131582902

1346372048317

100255189382347913523

93107743

11784

107019

8147

877

4740

80381052

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.

1933July 29Dec. 29

1934Jan. 4Jan. 30Feb. 1Feb. 6

doFeb. 13Feb. 16Feb. 20Feb. 24Mar. 2Mar. 3Mar. 6Mar. 12Mar. 13

..doMar. 16Mar. 21Apr. 6Apr. 7Apr. 12Apr. 16Apr. 20May 11May 17May 22May 28May 31June 12June 18June 19July 7Aug. 7Oct. 19Oct. 20

Total (37 banks).

NEVADA

The Ely National Bank, ElyThe First National Bank of ElkoThe Farmers and Merchants National Bank

of Eureka

1934May 9July 5

Oct. 23

Total (3 banks)NEW HAMPSHIRE

The Souhegan National Bank of Milford...The First National Bank of Portsmouth.. .The Wolfeboro National Bank, Wolfeboro.

1933May 3

.do

The Keene National Bank, KeeneThe Lakeport National Bank of LaconiaThe First National Bank of West DerryThe New Hampshire National Bank of Ports-

mouth

July 3

1934Feb. 9Apr. 11Apr. 27

May 10

$1,250,000.0011,000,000.002 3 500,000.00

30,000. 0025,000.0025,000. 0025, 000.0040,000.0030,000.0025,000.0025,000.0012, 500. 0025,000.0025,000. 0025,000. 00125,000.0075,000.00

1,000,000.00300,000.0050,000.00100, 000. 0035, 000. 00200, 000. 0025, 000. 0025, 000. 0050, 000. 0025, 000. 0025, 000. 00

3 10, 000. 0037, 500. 0025, 000. 0012, 500. 0012, 500. 0015, 000. 0030, 000. 0050,000. 0025, 000.0025,000. 00

1100.0020.0020.00

50.00100.00100. 00200.0050.0050.00100.0062.5062.5050.0050.0050.00100. 0050.00

100.00100. 00100.00100.00100. 00100.0050.0062.50100. 00100. 0050.00100. 00100. 0020.0031.25100.00100. 0050.00100. 00100. 00100. 00

$100.0020.0020.00

50.00100.00100. 00200.0050.0050.00100.0062.5062.5050.0050.0050.00100.0050.00

100.00100.00100.00100. 00100. 00100. 0050.0062.50100. 00100. 0050.00100. 00100. 0020.0031.25100. 00100.0050.00100. 00100.00100. 00

5, 340,000. 00

50, 000.00100, 000. 00

25, 000. 00

100. 0050.00

80.00

100.0050.00

80.00

175,000.00

3 125,000.00s 250, 000. 00123, 000. 00

100,000.0050,000. 00

3 25, 000.0025,000. 00

3 100, 000. 00

100.00100.00100.00

50.00} 20.00100.00

100.00

100.00100.00100.00

50.0020.00100.00

100.00

Footnotes at end of table.

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

Page 227: Annual Report of the Comptroller of the Currency 1934

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

The Peoples National Bank of Keyport

The Ventnor City National Bank, Ventnor.. _

1934Aug. 4Aug. 21

Aug. 29

•Sept. 15

1933Apr. 12

..doMay 1__do

$25,000.003 100, 000.00

/ 1300,000.002 3 300,000. 00

4, 260. 00\ 3 io, 740.00

$15. 00100.0015.005C.00

60.00

$15. 00100.0015.0050.00

60.00

1,538,000. 00

May 9June 1

June 3

June 9June 20June 21June 23

July 6Aug. 10

1934Jan. 15Feb. 15Mar. 7Apr. 4

Apr. 5

Apr. 11

Apr. 20

[Apr. 21May 2

.__doMay 3May 4May 17

May 22

Ldo

._doMay 24May 28June 7June 8

June 12

June 14

June 22

3 300, 000. 00

3 750, 000. 003 60, 000. 003 50, 000. 00

3 25, 000. 003 50, 000. 00

3 25, 000. 00

3 150, 000. 00s 100, 000. 003 100. 000. 003 100, 000. 00

2 200, 000. 003 200, 000. 00

1, 500, 000. CO200, 000. 0025. 000. 00

1, 000, 000. 00

150, 000. 00

100, 000. 00

25, 000. 00/ i 750, 000. 00\ 2 3 500, 000. 00

25, 000. 00112, 500. 0020. 000. 0025, 000. 00

3 15, 000. 00200. 000. 00

\ 2 3 50. 000. 00f 74, 500. 00\ 3 500. CO

100, 000. 0025, 000. 0015, 000. 0025, 000. CO50, 000. CO73, 500. 003 1, 500. 00

50, 000. 00124, 720. 00

3 280. 00/ i 115, 000. 00\ 2 3 io, 000. 00

100, 000. 00

100. 00

100. 005.00

100. 00

50.0012.50

25.00

25.0010.00

100.005.00

10.00100. 00

30.0050.0050.0050.00

100. 00

80.00

50.0015.0050.0035. 0050. 00100. 0025.00100. 0080.00100. 00

> 50.00

50. 0025. 0060.00100. 0050.00

• 37. 50

25.00

> 10. 00

57. 5020.00125. 00

100.00

200. 0015.00

100. 00

50. 0037.50

50.00

50. 0025.00100. 005.00

30.00300.00

30.0050.0050.0050.00

100. 00

80.00

50.0015. 0050.0035.0050.00100.0025. 00100. 0080.00100. 00

50. 00

50.0025. 0060.00100. 0050.00

37.50

25.00

10.00

57.5020.00

125. 00

Footnotes at end of table.

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

Page 228: Annual Report of the Comptroller of the Currency 1934

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

of Roebling

July 27July 28

July 30July 31Aug. 1Aug. 13•Aug. 17

Aug. 18

Aug. 23

f i $100, 000. 00i 23 25,000.00

35, 000. 0025, 000. 0060, 000. 00

400, 000. 0012 3100, 000. 00

20, 000. 00123, 300. 003 26, 700. 00i 75. 000. 00

2 3 25, 000. 0037, 000. 00

3 63, 000. 00

300, 000. 00

150, 000. 00125, 000. 00

48, 800. 003 1,200. 00

50, 000. 0024, 475. 00

3 525. 00233, 000. 00

3 17, 000. 00150,000. 00i 70, 000. 00

2 3 50, 000. 0024, 600. 00

3 400. 001 100,000.00

2 3 50,000. 00i 12, 500.00

2 3 5,000. 001 50,000. 00

2 3 10,000. 00125,000.00

1 100,000.002 3 25,000. 00

/ i 69,000.001 ! 3 1,000.00

2 3 30,000.001 40,000.00

2 3 40,000.00

75,000.00i 350,000. 00

2 3 50,000. 003 50,000. 00

50,000.00i 50,000.00

2 3 25,000. 00

300,000. 00i 100,000. 00

2 3 50,000.00750,000. 0025,000. 00

12,000,000.002 31,200,000.00

90,000. 00

$50. 0050.0050.00

100. 0050.0012. 5025.00

100. 00> 50. 00

25.0025.00

• 20. 00

125. 00

75.0075.00

100. 00

100. 00} 75. 00

50.0017.5050. 0040. 00

100.00100.0040.0040.0030.0030.00100. 0020.0020.00

• 50. 00

50.0015.0060.00

50.00100.00100.00100. 00

20.0025.0025.00

75.0015.0015.0060.0075.0010.0020.00

18.00

3 50,000.00 100.00

$50.0050.0050.00100. 0050.0012. 5025.00100. 0050. 0025.0025.00

20.00

125. 00

75.0075.00

100.00

100. 00

75. 00

100. 0050.0017. 5050.0040.00

100.00100. 0040.0040.0030.0030.00100.0020.0020.00

50. 0050.0015.0060. 00

50.00100.00100.00100.00

20.0025.0025.00

75.0015.0015.0060.0075.0010.0020.00

18. 00

100.00

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

Page 229: Annual Report of the Comptroller of the Currency 1934

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,

Jamaica

Date

1934Aug. 27Aug. 28Sept. 1Sept. 12

. . do

. . . d o . . . _

Sept. 13Sept. 17

Sept. 18

Sept. 19Sept. 28

Oct. 15

Oct. 18Oct. 30

1933May 20July 28

1934Apr. 13June 15Aug. 21

1933Mar. 29

Apr. 3Apr. 4

Apr. 20Apr. 24- d o . —

May 1do

May 2May 3May 8May 10May 12May 13

May 16May 19May 22May 27

__do

Preferredincreasecapital

$50,000.00/ 244, 233. 32\ 3 5, 766 68

25,000.00/ i 50,000. 00\ 2 3 25,000 00

125, 000. 00f i 15,000. 00\ 2 3 14, 500. 00/ 31, 700. 00\ 3 18, 300 00

25, 000.00

150, 000. 00

50,000. 0025,000.00

[f i 124,400. 00\\ 13 600.00[2 3 100,000. 00

3 150, 000.00r 1200, ooo. oo\ 2 3 25,000.00

17, 259, 500. 00-

50,000. 003 50,000.00

25, 000.0025,000. 0010,000. 00

160,000. 00

3 400,000. 00

3 100,000. 003 30,000.00

3 100,000. 003 150,000.003100,000. 00

3 25,000.003 100,000.003 25,000. 00

3 100,000.003 100,000. 003 31,500.003 50,000.003 62,500.00

3 500,000. 003 50,000.003 62,500. 003 50,000.00

3 225,000.00

Parvalue

ofshares

$35.00

} 50.00100.0010.0010 00

16%18.0050.00

} 60.0070.00

20.00

125 0040.00

[ 50.0050.0010.0020.0020.00

100.00100.00

100.0050.00

100. 00

20.00

50.0010.00

10.00100.00

1.00

100.0010.0010.00

100.0010.00

100. 00100.0025.00

10.0010,001

100.0010.00

50.00

Sold atper

share

$35.00

50.00

100.0010.0010 00

16%18.0050.00

60.00

70.00

20.00

125. 0040.00

50.00

50.0020.0020.0020.00

100. 00100. 00

100. 0050.00

100. 00

40.00

200. 0030.00

35.00100. 00

5.00

240.0025.0020.00

125.0025.00

200.00200.0050.00..

50.0025.00

200.0021.60

100.00

Percentof divi-dendto bepaid

on thepar

value

4

4

4i 425

41 4

2 None

4

4

4

44

1 4

2 66

1 425

66

544

6

66

6

6

66366 .6 "6 .6 .

66 :66

6

Footnotes at end of table.

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

Page 230: Annual Report of the Comptroller of the Currency 1934

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

500,000.00/ 48,950. 00

a i, 050. 00

200,000. 00f i 40,000.00\ 2 3 io, 000. 00

200, 000.0047,400. 003 2, 600. 0099,625.00

3 375. 0050,000.00

300,000. 003 25,000.00

47, 200. 003 300.00

14,800.003 35, 200. 00

79,160.003 20,840.00

21,220.003 3,780.00

500,000.0015,000. 0020,000. 00

June 8June 9June 14

June 15June 19

...do

3 50,000 00i 80,000.00

2 3 45,000.001,000,000. 00

50,000. 00123, 650. 003 1,350.0050,000. 0068,520. 00

3 6, 480.00

$25. 00100.0010.0010.00100. 007.50

25.0010.0010.00

20.00

25.00

50.0050.0050.0080.00

20.005.0050.0020.0020.00

50.00} 50. 00

25.0025.00100.00

25.00> 25. 00

> 12.50100. 00

12.50100. 00

> 50. 00

> 50.00

\ 40. 00

> 70. 00100. 0030.0050.00

10.0025.0050.0025.008.00

\ 90. 0050.00

\ 10.00

$75.00300. 0020.0060.00200.007.50

100.0040.0010.00

20.00

25.00

50.0050.0050.0080. 0020.005.0050.0020. 0020. 00

50.0050.00

25. 0025.00100.00

25.0025. 00

12.50100.00

12.50100. 00

50.00

50.00

40.00

70.00100. 0030.0050.00

10.0025. 0050.0025.008.0090.0050.0010. 00

Footnotes at end of table,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 231: Annual Report of the Comptroller of the Currency 1934

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

June 20June 22

June 23

June 25

...do

.do....do-

June 26

}-dodo.

—do

June 27

}._doJune 28

...do_._do

Jjune 29

__do

—do.—.

—do

[June 30

do_do_.

.do..-do-

July 5__do...do.... .July 6

__do

__do

-do- . . . .

—do

__do

July 7- d o- d o- d o

$25,000.00

25,000.0025,000.00

/ 2,880.003 7,120.0024, 650.00

3 350.0085, 275. 00

\ 3 H4,725.0040,000.00

450,000.0028,000.00

3 12,000.00496, 605.003 3, 395.00

173,230.003 76, 770.00

50,000.00150,000.00170,000.00

1 3 5,000.003 25,000.00

48,000.003 2,000.00

200,000.00200,000.003 50,000.00249,000.003 1,000.0098,800.003 1, 200.00

i 75,000.00\ 2375,000.00/ 98, 350.00I 3 i, 650.00

125,000.00

268,325.003 31, 675.00

35,000.00

50,000.00

49, 375.003 625.00

50,000.0040,000.0050,000.00

i 50,000.003 25,000.00

/ 100,000.00{2 3100,000.00c i 100,000.002 3 25,000.00

34, 720.00I 3 280.00/ i 50,000.00I 2 3 15,000.00

47,360.003 2, 640.00100,000.003 20,000.0050,000.0060,000.0025.000.00

$50.00

50.0025.00

[ 80.00

t 50.00

> 25.00

100.00

100.00

> 12.50

> 35.00

• 18.0025.0040.00

• 50.00

50.00

100.00

100.0040.0080.00

50.00

75.009.00

50.00

50.00

12.50

25.0050.00

50.0025.00

50.0080.0040.0012.5025.0030.0030.0080.00

100.00

35.0050.00

100.0080.005.005.0066%

100.0080.00

$50.00

50.0025.00

80.00

50.00

25.00100.00

100.0012.50

35.00

18.0025.0040.0050.00

50.00

100.00

100.0040.0080.0050.00

75.009.00

50.00

50.00

12.50

25.0050.00

50.0025.00

50.0080.0040.0012.5025.0030.0030.0080.00100.00

35.0050.00

100.0080.005.005.0066%

100.0080.00

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

Page 232: Annual Report of the Comptroller of the Currency 1934

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

Char-terno.

Title DatePreferredincreasecapital

Parvalueof

shares

$10.005.005.00

} 50.0050.0070.0012.5010.0050.0020.0020.00100. 00100.0010.0010.0020.0050.0050.0040.00100.00125.0040.0050.0040.00100.00100. 0040.0040.00

} 35. 00100. 00100.00125.0030.0040.00

}l00. 0040.0070.0050.00100. 00} 50.00

} 20. 0020.0020.0020.0025.00

15.00100. 00125.0050.00100. 0040.0040.0040.0050.00

} 75.0080.00

Sold atpershare

$10.005.005.0050.0050.0070.0012.5010.0050.0020.0020.00100. 00100. 0010.0010.0020.0050.0050.0040.00100.00125. 0040.0050.0040.00100. 00100.0040.0040. 0035. 00100. 00100.00125.0030. 0040.00100.0040.0070. 0050.00100.0050. 00

20.0020.0020.0020.0025.00

15.00100.00125.0050.00100. 0040.0040.0040.0050.0075.0080.00

Percentof divi-dendto bepaid

on thepar

value

1226

12535

NEW YORK—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

Page 233: Annual Report of the Comptroller of the Currency 1934

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

Charterno.

2151

8334

4870

10258

3193

4230

5210

10546

11583

5746

5867

8613

6694

10029

10444

13563

5336

353

12017

10295

11912

11511

13104

1392

2272

1019

13130

13242

12460

13404

Title DatePreferredincreasecapital

Parvalue

ofshares

|$125.00

} 33H100.00

} 87.5010.0010.00

} 50.00

}l25.0030.00

100.00100.00

} 20.0030.0025.0020.0035.0080.0080.0050.0040.0075.0075.00

] 80.00100.0050.00

} 25.00

} 20.00100.00

} 80.0090.0048.0030.0030.00

} 40.0040.00

| 62.50100.0050.0050.00

} 25. 00

}l25. 00

}l00. 00

40.0080.00

10.0030.0050.0080.00

Sold at

share

$125.00

33 H100.0087.5010.0010.0050.00

125.0030.00

100.00100.0020.0030.0025.0020.0035.0080.0080.0050.0040.0075.0075.0080.00

100.0050.0025.00

20.00100.0080.0090.0048.0030.0030.0040.0040.0062.50

100.0050.0050.0025.00

125. 00

100. 00

40.0080.00

10.0030.0050.0080.00

Percentof divi-dendto bepaid

on thepar

value

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

}._doOct. 10

Oct. 12

Oct. 13

..do—..Oct. 16

__do

Oct. 18

...do.....

/ $190,000.003 io, 000.00

/i 149, 300.00\ 13 700.002 3 25,000.00

33, 687. 503 1, 312. 50i 75,000. 00

2 3 25,000. 0021, 750. 003 3, 250.0050,000. 00

3 75,000. 00i 25,000.00

\ 2 3 40,000.0060,000. 00

/ i 24, 800.00t 13 200.002 3 15,000.001 40,000.002 3 5,000. 00i 35,000.00

2 3 20,000.0050, 000. 00

1 150,000.00\ 2 3 15,000.00/ i 100,000.00

" 30,000.0049,440.00i 3 560. 00

2 3 25,000. 0020,000. 0074,500. 003 500.00

29, 000. 003 46,000. 00310,000.0023,000.003 2,000.00i 90,000.00

2 312,000.001 100,000.002 3 20,000. 00/ i 49,000.0011 3 1,000.002 3 30,000.00575,000. 003 50,000.003 15,000.00i 35,000.00

2 3 10,000.00198,375.003 1,625. 0084,625. 00

3 15,375. 0045,000. 003 5,000.00i 20,000.00

\ 2 3 20,000.0050, 000.00

50,000.00i 75,000 00

\ 2 3 50,000.0025,000.00

14

24

4

14254

14244

14251424i 4264

1426142414

254

4

5

41 4251 424

14

25

4

41 426

414

4142 44

Footnotes at end of table.

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

Page 234: Annual Report of the Comptroller of the Currency 1934

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

Page 235: Annual Report of the Comptroller of the Currency 1934

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

July 3July 7July 10...doJuly 17[July 20July 23July 30Aug. 16Aug. 20...do—..Aug. 25Aug. 27

Preferredincreasecapital

1 $25,000.002 3 20,000.00

25,000.0010,000.0050,000.0050,000.00

100,000.0025,000. 00

1,940,000.00

3 50,000.003 30,000.003 30,000.00

4,000,000.00

100,000.0050,000.00

f 1300,000.00{2 3 120,000. 00/ 1500,000.00\ 2 3 100,000.00

52,500. 0025,000. 00

100,000.0025,000.0050,000.0025,000.00

3 25,000.0025,000.0025,000.00

115,000.002 3 10,000.00

199,000.003 11,000.00

/ 7,929,008.003 70,992.00300,000.0050,000.00

i 150,000.003 50,000.00150,000.00

3 25,000.00

50,000.00/ 1,456,400.00

3 43, 600.0075,000.0010,000.0010,000.00

299,300.003 700.00

97,840.003 2,160.0050,000.0050,000.00

100,000.00/ 115,000.001 2 3 5,000.00

30,000.00480,000.003 20,000.00

Parvalue

ofshares

$25.0050.00

100.00100.0025.0025.00

100. 00100. 00

100.00100.00100.0030.00

100.0050.0050.0040.0040.0040.0050.0050.0080.0040.00125. 00100.00

100.0062.50100.0050.00100.00> 20.00

> 16.00100. 0062.5030.00100.0060.00

100.00

40.00400.00120.0062.50100.00> 50.00

> 80.0080.0062.5062.5060.00100.0075.00

Sold atpershare

$25.0050.00100.00100.0025.0025.00100.00100. 00

100. 00125.00100.0030.00

100.0050.0050.0040.0040.0040.0050.0050.0080.0040.00125.00100.00

100.0062.50100.0050.00100.0020.00

16.00100.0062.5030.00100.0060.00

100.00

40.00100. 00120.0062.50100.0050.00

80.0080.0062.5062.5060.00100.0075.00

33H

Percentof divi-dendto bepaid

on thepar

value

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

Page 236: Annual Report of the Comptroller of the Currency 1934

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.__

$15,000.00

900,000.0025,000.00

U00,000.002 3 50,000.00

3 50,000.0018,000.00

3 7,000.0050,000.00

1250,000.002 3 50,000.00

100,000:0050,000.00

1150,000.002 3 50,000.00

25,000.0075,000.00

10,000.00482,450.003 17, 550.00399,200.00

3 800.00

$75.00

60.0040.0040.00100.00100.00

> 62.5050.0050.00

100.00100.0075.008.00

10.0033H

125.00

100.00- 50.00

} 16.00

$75.00

60.0040.0040.00

100.00100.0062.5050.0050.00

100.00100.0075.008.00

10.003 3 ^

125.00

100.0050.00

16.00

20, 262,500.00-

1933Aug. 18

1934Jan. 15Jan. 31Feb. 5Feb. 6Feb. 8Feb. 13Mar. 20Mar. 21

Apr. 13

Apr. 21May 1May 18June 11

June 14June 30July 3

[July 12July 18July 19Aug. 21[Aug. 22Aug. 24Sept. 10Sept. 25

Oct. 9

Total (26 banks)

1600,000.00. 2 3 500,000.00

50,000. 0050,000. 0050,000. 0012, 500. 0025,000.0012, 500. 0012, 500. 0012, 500 00

200,000.00

25,000. 0015,000. 0012,500. 00

2, 500, 000. 00

200,000.0020,000. 00

1 35, 000. 002 3 12, 500.001 25,000. 00

2 3 20,000. 0025,000. 0010,000. 0012, 500. 00

1 250,000.002 3 50,000.00

12,500.00150,000.00

1, 250,000. 00

15,000.00

100.00100.00

50.0050.0050.0025.0050.0050.0050.0050.00

100.00

100. 0050.0050.0010.00

20.0032.0025.0025.0025.0050.00100.0072.0062.5040.0050.0025.00125. 0020.00

75.00

100.00100. 00

50.0050. 0050. 0025. 0050. 0050. 0050. 0050. 00

100. 00

100. 0050. 0050. 0010.00

20.0032.0025.0025.0025.0050.00

100.0072.0062.5040.0050.0025.00125.0020.00

75.00

6,165,000.00

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

Page 237: Annual Report of the Comptroller of the Currency 1934

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

1933Apr. 13Apr. 17Apr. 18Apr. 22Apr. 29May 5May 29June 8July 5July 25July 31Sept. 20Oct. 3Oct. 30Dec. 29

1934Jan. 5Jan. 9

Jan. 17Jan. 31Feb. 3Feb. 24Feb. 27

do.

The Ambridge National Bank, AmbridgeThe Brownstown National Bank, Browns-

townThe First National Bank of Monongahela

City-The Second National Bank of Philadelphia—The First National Bank of Osceola, Osceola

Mills -

Mar. 3Mar. 8Mar. 9...do

Mar. 13Mar. 19Mar. 21Mar. 22

Mar. 24

Mar. 31Apr. 5.._do

$85,000. 0050, 000.0062, 500. 00

100,000.0050,000.0025,000.00

100,000.0050, 000.00

25,000. 0025,000.0035,000.00

i 50, 000.002 3 25,000. 00

i 20,000. 002 3 10,000. 00

37, 500.0025,000. 00

$100.00100.00100. 00

100.00100.00100.0031.2525.00

100. 0050.00

100. 00

100. 00100.0050.0050.0025.00100.00

$100.00100.00100.00

100. 00100.00100.0031.2525.00

100.0050.00100.00

100. 00100.0050.0050.0025.00100.00

775,000. 00

3 150,000. 003 75,000.003 75,000.003 25, 000. 003 200, 000. 003 100,000. 003 50,000. 003 25,000. 003 50,000. 003 300, 000. 00

50,000. 003 25,000. 00200,000.003 50,000. 003 150, 000. 00

3 40, 000. 003 25, 000. 00

250, 000. 003 75, 000.0050,000.00

3 100,000. 00125,000.0025,000. 0075,000. 00300,000. 0025,000. 0075, 000. 00

50,000.00100,000.00

/ 1,476,950.00\ 3 23,050.00

50,000. 00

25,000.00

100,000.00750,000.0050,000.00

100.00100.0010.00

100.0025.00100. 00100.0025.0050.0010.0050.00100.0010.0050.00100.00

100. 00100. 00

5.0060.0050.00100.0062.5050.0050.00150. 0050.0050.00

20.00100. 00- 25.0020.00

100.00

100.0010.0035.00

100.00100.0020.00100. 0025.00100.00100.00100. 0050.0020.0050.00120.0010.00100. 00100. 00

100.00100. 00

5.0060.0050.00100. 0062.5050.0050.00150.0050.0050.00

20.00100.0025.0020.00

100.00

100.0010.0035.00

555

55544

444

14241425

54

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

Page 238: Annual Report of the Comptroller of the Currency 1934

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 .

1934Apr. 12Apr. 16Apr. 17Apr. 25May 3May 4May 8.-.doMay 18May 23

May 24May 25June 4

JuneJune

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

}july

...do..—do..

$100,000.0050,000.00

f i 225,000. 00\ 2 3 80,000.00

75,000. 0025,000.0025,000. 00

3 500, 000. 0010,000. 0050,000. 00

150,000.00

75,000.0025,000. 0025,000. 00

50,000. 0025,000.0025,000. 0020,000. 003 5,000. 00

/ 1 500,000. 00\ 2 3 300,000. 00

125,000.0035,000.0050,000. 0070,000.00

75,000. 0044,400. 003 5, 600. 0073,400.003 1,600.00

3 400,000. 003 25, 000. 00

15, 000. 0025,000. 00

100,000. 0050,000. 0025,000. 00

100,000. 0075,000.00

150,000.0096,800.003 3,200.0025,000.00

500,000.00

25,000.00124,104.00

3 896.0025,000.0025,000.0025,000.00

i 15,000.002 3 10,000.00

21,000.00s 4,000.00

20,000.00200,000.00379,812. 503 20,187. 50

1 100,000.002 3 25,000.00

15,000.00

100.005.00

100. 00100.00

6.25125. 0050.00

100.0068.00

100.0075.00

20.0050.00

100.00

100.00100.0025.00

• 25. 00

37.5020.007.00

75.0040.00

125.00

50. 00

10.00100. 00100.00

100.0050.0025.0040.0010.006.00

125.0025.00

100.00

31.2550.00

40.00

• 8.00

100.0072.00125. 0025.0040.00

400.00

80.0040.00

• 62.50

50.0050.00100.00

100. 005.00

100 00100.00

6.25125.0050.00

100.0068.00

100.0075.00

20.0050.00

100.00

100.00100.0025.0025.0016%

37. 5020.007.00

75.0040.00

125.0050.00

10.00100.00100.00

100.0050.0025. 0040.0010.006.00

125. 0025.00

100.00

31.2550.00

40.00

8.00

100.0072.00125.0025.0040.00

100.00

80.0040.00

62. 50

50.0050.00100.00

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

Page 239: Annual Report of the Comptroller of the Currency 1934

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

Footnotes at end of table.106093—35 16

Aug. 24Aug. 31Sept . 10

Sept . 11

Sept . 14Sept . 17Sept . 24

24,000.0031,000.00

125,000.0025,000.0098, 750.003 1, 250.00

50,000. 0015,000.00

3 300,000.0075,000.0025,000.00

i 50,000.002 3 15,000.00

400,000.003 15,000.00

10,000.00

$25.0025.0050.0050.0070.00

• 15.00

100.00

50.0025.0040.00

400.00

80.0050.00

100.003.007.00

400.00

100.00

25.00100. 0090.00

J100.00

} 33H40.00

100.00100. 00100.00

100.00

80.00

80.00

1.005.00

100.00

20.00

• 60.00

50.00100. 00

100.00

25.00125.00

• 62. 50

125.0075.00

100.0025.00

6.2525.0030.0030.00100.0080.00

$25.0025.0050.0050.0070.00

15.00100.00

50.0025.0040.00

100.00

80.0050.00

100.003.00

7.00

100.00

100.00

25.00100.0090.00

100.00

33H40.00

100.00100.00100.00

100.00

80.00

80.00

1.005.00

100.00

20.00

60.00

50.00100.00

100.00

25.00125. 00

62.50

125.0075.00100.0025.006.2525.0030.0030.00100.0080.00

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

Page 240: Annual Report of the Comptroller of the Currency 1934

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

Milbank _

Date

1934Sept. 27Oct. 4

- .do__.doOct. 6Oct. 8

—do—-Oct. 12

Oct. 15Oct. 19

...doOct. 20Oct. 22Oct. 23Oct. 24

...doOct. 25Oct. 27Oct. 29

1933

June 21934

Aug. 1

Oct. 6

1933

Aug. 19

1934Mar. 8

Mar. 12Mar. 13

dodo .

Mar. 14- _ d o - - _

do...do...do

Mar. 19Mar. 20

...doMar. 21

-_do.-_-

Mar. 27

Preferredincreasecapital

f $79,000.00\ 3 21,000.00

75,000.00100,000.0025,000.0050,000.0025,000.0025,000.00

f 141,125.00\ 3 58,875.00

50,000. 00

r i loo, ooo. oo\ 2 3 15,000.00

50,000.00500,000.00

1 100,000.00300,000.0025,000.0025,000.00

/ i 50,000.00\ 2 3 50,000.00

* 93,750.0050,000.00

16,043,750. 00

2 250,000.00

f 248, 500.00\ 3 i, 500.00

300,000.00

800,000.00

800,000.00

350,000.00

400,000.00125,000.00

325,000.0050,000.00

175,000. 0050,000.00

5,000.0010,000.00

300,000.00

125,000.0040,000.0010,000.00

100,000. 005,000.00

25,000.00

Parvalue

ofshares

}lOO. 00125.0050.00

100.0020.00

100.0025.00

}l25. 00

30.008H

25.0085.00

100.0020.0030.00

125.00100.00

33H66%

25.0012.50

50.00

} 25.00

25.00

100.00

100.00

100.00100.00

100.00100. 00100.00100.00

100.00100.00100.00

100.00100.00100.00100.00100.00

100.00

Sold atper

share

$100.00

125.0050.00

100.0020.00

100.0025.00

125.00

30.008H

25.0085.00

100.0020.0030.00

125.00100.00

33H66%

37.5012.50

60.00

25.00

25. 00

100.00

100.00

100.00100.00

100.00100.00100. 00100.00

100.00100.00100.00

100.00100.00100.00100.00100.00

100.00

Percentof divi-dendto bepaid

on thepar

value

4

444444

4

41424

444444

14a 4 H

64

6

4

4

6

5

55

5555

555

55555

5

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

Page 241: Annual Report of the Comptroller of the Currency 1934

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

Char-terno.

Title DatePreferredincreasecapital

Parvalue

ofshares

Sold atper

share

Percentof divi-dendto bepaid

on thepar

value

13430357899583393

9679108132068

609910637127771354912488

303213640

10583107853576101814177402016661030621681363552639667693010735108429319

1366536381374312186

3785234931313159

1022533464708614070454525

100904565

SOUTH DAKOTA—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-.

1933June 13Dec. 27

1934Jan. 8Jan. 26Feb. 3Apr. 9May 26May 28June 26June 30July 6

July 23Aug. 10Aug. 27Sept. 11Sept. 14

Sept" 25"

Total (18 banks).

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

1934Jan. 3Jan. 4. . .do.—.Jan. 12Jan. 18Jan. 23Jan. 24Feb. 2

$15,000.00100,000.0020,000.00

250,000. 0020,000.0030,000. 00

100,000. 0015,000. 0030,000. 0020,000.008,000. 00

20,000. 00

$100.0050.0040.00

62.5050.0075.00

100.0060.0080.0040.00100. 0090.00

$100.0050.0040.00

62.5050.0075.00

100.0060.0080.0040.00100. 0090.00

2, 723,000. 00

4,000,000.00250,000. 00

30, 000.00150,000. 00100,000.0015,000.0075,000.0050,000.00150,000.0030,000. 00150,000.00

/ 1400,000.0012 s 100,000.00

100,000. 0050,000.0050,000. 0050,000. 00150, 000.0010,000.00

100. 00100.00

50.0015.00100.0050.0060.0050.0066.00100.0060.0050.00100.00100.0080.0050.00100. 00100. 0080.00

100.00100.00

50.0015.00100.0050.0060.0050.0066.00100.0060.0050.00100.00100.0080.0050.00100. 00100. 0080.00

5,910,000.00

400, 000. 00150, 000. 00

1,000,000. 00

2,000,000. 00250,000. 00750,000. 00

1, 000,000.00

400,000. 00

2, 500,000. 0030,000.0050,000. 0025,000.0025,000. 00

1,000,000. 00150, 000.00

2 3 25,000.0050,000.00

100.00100.0020.00

20.00100.0020.0020.00

50.00

320.0050.00100.0050.0075.00100.00100.00100.00200.00

100.00100. 0020.00

20.00100.0020.0020.00

50.00

320. 0050.00100.0050.0075.00100.00100.00100.00200.00

Footnotes at end of table.

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

Page 242: Annual Report of the Comptroller of the Currency 1934

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

Char-terno.

Title DatePreferredincreasecapital

Parvalueof

shares

$200.00100.00100.00100.00100.00100.00100.00100. 00100. 00100. 0050.00100.00100.00100.00150. 00100.00100.00

100.0060.00100.0050.0050.0050.0064.00100. 00100.00100. 0050.00100.0020.00100. 0050.00100. 0050.0075.00100. 00100.00100. 00100.00100.0075.00100.00100.00100.00

50.0050.0033^

125.00125.00125. 00100.00100. 00100.0080.0025.0050.0084.00125. 00100.00100.00125. 00100.00100.0062.50

Sold at

share

$200.00100.00100.00100.00100. 00100.00100.00100. 00100. 00100.0050.00100.00100.00100.00150.00100.00100.00

100.0060.00100.0050.0050.0050.0064.00100.00100.00100.0050.00100.020.00100.0050.00100.0050.0075.00100. 00100. 00100.00100.00100.0075.00100. 00100. 00100. 00

50.0050.00

33J^125. 00125.00125. 00100.00100.00100.0080.0025.0050.0084.00125.00100.00100.00125.00100.00100.0062.50

Percentof divi-dendto bepaid

on thepar

value

1566757230944990589750011140611799126411368321894866448311964864553431116312190

1199713111114159126127891373157651324910624527610148104831242112475532463208573558162127306748242636826118795710869374334900135874214876913257104784076127985797103208134

128311207013598

43086091372712775

TEXAS—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 _.

1034Feb. 3Feb. 6Feb. 13...do...doFeb. 17Feb. 23Mar. 8Mar. 9.do..

Mar. 15Mar. 21Mar. 27...doApr. 5Apr. 6...do

...do.....Apr. 14Apr. 17Apr. 18Apr. 25Apr. 26Apr. 27Apr. 30May 1May 7May 9May 10May 18May 21May 22May 24May 25...doMay 28May 29..-doMay 31June 1June 8June 13June 14June 18June 19June 25

doJune 26...do

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

$100,000.0020,000. 00

100, 000. 00100,000.0050,000. 00

200,000. 0025, 000. 0025,000. 0025,000. 00

2,500, 000. 00500,000. 0050,000. 0025,000. 0050,000.00

1, 000, 000. 00125,000. 0025,000. 00

50, 000. 00300, 000. 00

25, 000. 0025, 000. 0025, 000. 0025, 000. 0020,000. 0025, 000. 0025, 000.0012, 500. 0050, 000.00

150, 000. 0010,000. 0025, 000. 00

500, 000. 0015, 000. 0050, 000. 0035,000. 0050, 000. 0010, 000. 0025, 000. 0025, 000. 0025,000. 0025, 000. 0025,000 0025,000.0020, 000. 00

100, 000.00100, 000. 00200, 000. 00200,000. 00

20, 000. 0025, 000. 0012, 500. 0025, 000. 0012, 500. 0050,000. 00

5, 000. 00112, 500. 002 3 6, 250. 00

15,000. 00500, 000. 00i 25,000. 00

2 310, 000. 00300,000. 00

50, 000. 0050, 000. 0025, 000. 00

Footnotes at end of table.

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

Page 243: Annual Report of the Comptroller of the Currency 1934

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—

Date

1934Sept. 4Sept. 6Sept. 11

doSept. 14Oct. 9Oct. 24

1933Apr. 10Dec. 23

1934Feb. 20

Mar. 28Apr. 14Apr. 17_-doMay 6July 7

1933Apr. 14

Apr. 15Apr. 17Apr. 28May 19June 24

1934Jan. 6Mar. 21Apr. 9

dMay 25May 31

1933May 6June 9Oct. 30Dec. 22

1934Feb. 2Feb. 5

. .do

Feb. 16Feb. 24Mar. 24

Preferredincreasecapital

$25, 000. 0025, 000. 0025, 000. 0025,000. 0030, 000. 0075, 000. 00

400,000. 003100, 000. 00

18, 671, 250. 00

32, 500.00600,000.00

300,000.00

3 250,000.0050,000.00

250,000.0030, 000.0050, 000. 0012, 500. 00

1, 575,000.00

3 60,000. 00

3 300, 000.003 250, 000.00s 225, 000.003 100,000. 00

3 25,000. 00

125,000.0035, 000.00

110,000.0050,000. 0040,000.00

i 100,000.00

1, 420,000.00

3 25,000. 0020, 000. 00

250,000.00i 300,000. 00

2 3 100,000.00

25, 000. 003 50, 000. 00

50, 000. 00

300,000. 0050, 000. 0040, 000. 00

Parvalue

ofshares

$100. 00125. 0062.50

100. 0080.0060.00

425. 00

100.00100.00

100.00

80.0050.00

100. 0030.0025.00

100. 00

100.00

25.00100. 0010.00

100. 0010.00

100.0035.00

100.0031.2525.0016.00

10.00100.00100.0020.0020.00

100. 0020.00

80.00

75.0050.00

100. 00

Sold atper

share

$100. 00125. 0062.50

100. 0080.0060.00

125. 00

100. 00100. 00

100. 00

80.0050.00

100.0030.0025.00

100. 00

100.00

25.00150. GO20.00

100. 0020.00

100.0035.00

100. 0031.2525.0016. 00

20.00100.00100. 0020.0020.00

100. 0020.00

80. 00

75.0050.00

100. 00

Percentof divi-dendto bepaid

on thepar

value

55555

1 5

665

1 525

Footnotes at end of table.

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

Page 244: Annual Report of the Comptroller of the Currency 1934

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

Char-terno.

11381

13275

124516008

10618

4635

3917

13502

10194

6748

119784314

13137121534668

9411

8064238090791017411667122691211413331123921180887892772

4686

89487767

70297681102506830

3236111096510103704643

VIRGINIA—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

Date

1934May 25June 21June • 27June 29

jjune 30July 17July 19

Aug. 16

. . .do. . . . .Aug. 20Oct. 6Oct. 29

1933Apr. 20June 8

Oct. 7Dec. 22

1934Jan. 20Feb. 21Mar. 2Mar. 6Mar. 14Mar. 20Mar. 21Apr. 21Apr. 24May 14May 15July 5

Aug. 17Aug. 20Sept. 24

1933Apr. 13

doApr. 22June 30

1934Feb. 8Mar. 16Mar. 22June 30July 12

Preferredincreasecapital

$250,000.00i 25,000.00

2 313,000.0025, 000.00

100,000.00150,000.00

3 100, 000.00500,000. 0095, 900.003 4, ioo. 00

50,000. 00

500, 000. 0014,000. 00

3 16,000. 0010,000.0050,000.00

3,113,000.00

3 50,000. 003 100,000. 00

500,000. 0040,000.00

100,000. 00200,000.00

75, 000. 0025,000. 0035,000.0012, 500.0050,000.00

250,000.0050,000.0025,000.0010,000. 0050,000.00

335,000.003 165,000.00

25,000.0030,000.00

2,127, 500.00

3 250,000.003 250,000.00

3 10,000. 00200,000.00

750,000.00250,000. 00125,000.0025,000.00

3 250,000.00

Parvalue

ofshares

$50.0012.50

100.0012.5025.00

12.50

100.00

l00.00

125. 00

80.00

62.50125.0031.25

100. 00100. 00

100. 00100. 00

100. 00100. 0050.0040.0070.0025.00

125.0050.0080.00

100.0050.00

100.00

50.00

125.00100. 00

50.0050.00

100.00100.00

40.0012.5040.00

100.00100.00

Sold atper

share

$50.0012.50

100.0012.5025.00

12.50

100. 00

100. 00

125. 00

80.00

62. 50

125. 0031.25

100. 00100. 00

100. 00100. 00

100. 00100. 0050.0040.0070.0025.00

125.0050.0080.00

100.0050.00

100.00

50.00

125.00100.00

100.00100.00250.00100. 00

40.0012.5040.00

100.00100.00

Percentof divi-dendto bepaid

on thepar

value

Footnotes at end of table.

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

Page 245: Annual Report of the Comptroller of the Currency 1934

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. . . .

1933June 1Oct. 19

1934Feb. 6Mar. 12Mar. 13Mar. 15Mar. 17Mar. 29Apr. 6Apr. 10Apr. 14May 22May 25June 19June 25

July 17

Aug. 14Aug. 21Aug. 31...doSept. 11Sept. 17Sept. 18

Oct. 4

•Oct. 15

...do..-..Oct. 16Oct. 19Oct. 22

3 35,000.001 75,000.00

2 3 75,000. 00

1 90,000.002 3 10,000.00

20,000.0025,000.00300,000.0025,000.0026,600.003 3,400.0050,000.0025,000.0020,000.0065,000.0020,000.0025,000.0030,000.00

500,000.00

75,000.0012, 500.0030,000.0015,000.0050,000.0075,000.00300,000.00113,000.003 7,000.00i 75,000.00

2 3 75,000.00i 25,000.00

2 310,000.003 50,000. 00100,000.0025,000.00

10.0040.00100.00

75.00100.00100.00100.00100.00100.00100.00100.0050.00100.00100.0080.0050.00100.0050.00

100.00

100.0075.00120.0093.75100.006.0025.00

100.00

50.0050.0031.25100.00100.0080.0062.50

10.0040.00100.00

75.00100.00100.00100.00100.00100.00100.00100.0050.00100.00100.0080.0050.00100.0050.00

100.00

100.0075.00120.0093.75100.006.0025.00

100.00

50.0050.0031.25100.00100.0080.0062.50

Total (29 banks). 2,457,500.00

Footnotes at end of table.

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

Page 246: Annual Report of the Comptroller of the Currency 1934

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

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Page 247: Annual Report of the Comptroller of the Currency 1934

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 _

Total Eastern States

VirginiaWest Virginia . .North Carolina . . . .South CarolinaGeorgiaFloridaAlabama,Mississippi . -Louisiana.

Organized

Numberchar-tered

33462

18

212287

6

136

61363

5117

Authorizedcommoncapital

$150,000300,000175, 000450, 000

2, 600,0CO

Numberwith

preferredstock

1

321

3,675,000 | 7

2,160,0001. 905, COO

11,182,300325, 000

15, 572, 300

275, 000780, 000425,000180, 000345, 000300, 000

25, 00020,0GO

400, 000

67

49

62

385364116

Authorizedpreferredcapital

$50,000

75,000100,000100, 000

325, 000

340, 000245. 000

4,122, 300

4, 707, 300

125 000270, 000375, 000170, 000205,000200, 00025,00030, 000

450, 000

Failed

Number

12182

23

23156441

107

4612116

3

Capital

$2,075,000150,000525,000150,000

2,900, 000

4,975, 0001, 750, 000

11,175, 000205, 000

1,000,000

19,105, 000

935, 000730, 000200, 000160, 00025, 000

200,000520, 000

100,000

Assets

i $35, 719, 0892, 433,9357,921, 9732, 274, 372

48, 349, 369

i 62,055,865* 20, 925, 418

5 151, 075, 8543, 818, 5578, 601, 400

246, 477, 094

6 6,071, 39312,139,3082, 519, 3662, 708, 783

118,8613, 092, 624

8 3, 525, 860

496, 792

Voluntary liquidation

Number

14

5

5

15

1617484

85

41041322

3

Capital

2 $100,000300,000

450,000

1, 050,000

1,900,000

2,350,0002, 275, 0005, 360,000

175,000

10,160,000

300,0007 575,000

1, 300, 000200,000245, 000150,000180, 000

1, 325, 666

Gross assets

$336,9214,024,888

4, 318,437

7,822,859

16, 503,105

19,120,42621, 296,91275, 249,1384,001, 482

119,667,958

3,837,2156,073, 5777, 274,9722, 610, 4881, 252, 6101, 286, 539

280,422

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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Page 248: Annual Report of the Comptroller of the Currency 1934

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

Location

TexasArkansasKentuckyTennessee

Total Southern States

OhioIndianaIllinois . -.MichiganWisconsinMinnesotaIowaMissouri

Total Middle Western States

North Dakota -.South DakotaNebraska --KansasMontanaWyoming .Colorado -New MexicoOklahoma

Total Western States

WashingtonOregonCalifornia.- -

Organized

Numberchar-tered

39873

106

34154125198

216

169

22

10411917

37

334

Authorizedcommoncapital

$2,855,000975, 000395, 000125; 000

7,100, 000

3, 210,0001,110,0002, 685,0002, 617, 5001,065,000

230,000740,000900,000

12, 557, 500

47,00070,000

415, 000225,000

25,00025,000

525,00050,000

340,000

1, 722, 000

105,00075,000

595,000

Numberwith

preferredstock

34552

83

18122320127

183

113

228211816

31

334

Authorizedpreferredcapital

$2,630,000175,000255,00075,000

4,985, 000

977,000950,000865,000

2, 925,000635,000220,000510,000350,000

7, 432, 000

53,00080,000

335,000125,00025,00025,000

525,00050, 000

330, 000

1, 548, 000

95, 00075, 000

605,000

Failed

Number

12878

59

262043191813156

160

56622

415

31

527

Capital

$985,000505,000510, 000

4, 415, 000

9, 285, 000

3,360,0006,835, 0004, 360,0002, 525,0001, 630,000

510,0001, 575,0001, 205,000

22,000,000

525,000260,000310,000

75,000125, 000

200,00050, 000

450,000

1, 995,000

250, 000450,000575, 000

Assets

»$6, 253, 479io 2,888, 627ii 3, 448,39728,804,127

72,067,617

12 36,907,87613 49, 369,740H 36,777,618

42,125, 235is 17,321,453is 4,851,19617 8, 539,186is 6,446,365

202,338, 669

6, 328, 657i* 1, 869,12320 2, 019, 747

822,8292i 846,387

1,768,315838, 297

5,342,099

19,835,454

22 2,159, 2596, 892,979

23 2, 831, 561

Voluntary liquidation

Number

3416

70

175

241287

194

96

216

143

1237

48

16

l !

Capital

$2,570,00025,000

493,000

7, 363, 000

2,770,0003,950,0002, 020,0002,875,000

515,000310,000

1,475,0004,125,000

18,040,000

50,00025,000

500,000975,000125,000

1,350,000550, 000230, 000

3,805,000

1,300,0001,055,0001, 450,000

Gross assets

$17,714,877324,836

3,972,941

54, 506, 270

24,836,09330,299, 72722,805,82935,998, 570

5,943, 5883,143,195

12, 540, 70725,086, 500

160, 654,209

172, 567172, 071

5, 521, 6578,969, 719

657,406

12, 311, 4455, 736, 7811, 433,011

34, 974, 657

21,591,22212, 613, 62312, 549,945

W

OO

s1-3W

O

3o

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Page 249: Annual Report of the Comptroller of the Currency 1934

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.

fed:

O

1-3

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ooK

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F

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Page 250: Annual Report of the Comptroller of the Currency 1934

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

MonthsNumber

Conversions

Capital

Reorganizations

uber

Capital Num-ber

Primary organi-zations

Capital Num-ber

Total

Capital

November.December __JanuaryFebruary. _MarchAprilMayJune _JulyAugustSeptember.October

Total .

$2,650,000950,000800,000900,000200,000

55, 000

300, 000

50,000

$2, 407,0006,115,0008,375,0006,495,0004,260,0003,437.5004,840,0004,900,0002, 575,0001, 690, 0001. 645,0003,635,000

$350,0002,700,000190,000200,000150,000350,000204,600200,00050,000300,000100,000100,000

18 5,905,000 1432 50, 374, 500 4,894, 600 3 476

$5,407,0009,765,0009,365,0007,595,0004,610,0003, 787, 5005,099,6005,100,0002, 625,0002, 290,0001,745,0003,785,000

61,174,100

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

Total Eastern States

VirginiaWest Virginia..North CarolinaSouth CarolinaGeorgiaFloridaAlabamaLouisiana ~ . .TexasArkansasKentuckyTennessee

Total Southern States....

Ohio..IndianaIllinois

5717

12125

202

23134353

121

129151416

238

181246118597524

30229645

634547

794688222

1,5661,284

737525

12575

756130

15267

1,6 1,824 4,554 373 385 227

10,9523,253

22,424548

11,3423,731

21,877359858

26,4778,227

52,4431,0052,410

1,470450

3,14550

140

1,758599

5,53081

248

1,196240

2,81543

121

38,175 38,167 90,562 5,255 8,216 4,415

4,8432,119

392366379156

1,728122

9,9411,2623,3682,348

2,041848345254309214

1,14033

5,6801,1572,0141,333

8,4204,2041,3171,0931,098

6624,546

28829,1573,7596,8224,948

615375145751459634025

3,535382370435

599305455087374275

611261

5103277675755027125

1,513245290382

27,024 15,368 66,314 6,538 4,424

4,5253,5287,342

3,5662,8778,490

10,1288,42021,641

1,023785

2,181

722413

1,064

837703

1,579

457143

1,2171,066

3,482

21,3316,64839,980

7341,899

70,592

6,5423,1881,048891791478

3,483233

22,1032,8855,4853,740

50,867

7,4146,45816,733

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Page 251: Annual Report of the Comptroller of the Currency 1934

REPORT OP THE COMPTROLLER OP THE CURRENCY 241

TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,classified according to capital stock, Dec. 30, 1983—Continued

CAPITAL STOCK OF LESS THAN $50,000—Continued

[In thousands of dollars]

Location

COUNTRY BANKS—continued

Michigan -Wisconsin.MinnesotaIowa . . .Missouri

Total Middle WesternStates

North Dakota . _ _South DakotaNebraskaKansasMontanaWyoming _ _ _Colorado _New MexicoOklahoma

Total Western States

WashingtonOregon - -California .IdahoUtahNevada -Arizona

Total Pacific States

Total United States

Num-ber ofbanks

820982819

316

3935508920

72811

123

402

1714259331

72

1,244

Loansand dis-counts,includ-ing re-

dis-counts

7192,760

12,5513,3901,974

36,789

4,0653,4576,4379,7441,271

6492,6851,0289,455

38, 791

1,6551,2662,865

82760458786

7,890

150,335

Invest-ments

1,0042,353

16,2832,8361,882

39, 291

3,2902,8413,8965,8671,2921,2432,013

98411,516

32,942

2,2791,2793,675

563164987209

9,156

136, 748

Totalassets

2,3566,487

37,4319, 2275,377

101,067

10,1108,083

14,02122, 2743,6753,4746,9452,909

34,576

106,067

5,4653,5868, 9902, 047

9731,952

419

23,432

391,996

Capital

242510

2,665772510

8,688

1,029895

1,3702,322

510190750290

3,185

10,541

455360625235759025

1,865

33, 260

Surplus,profits,and re-serves

for con-tingen-

cies

198297

1,686484254

5,118

597485910

1,163170185398154

1,485

5,547

2222297731171159311

1,560

25, 250

Cir-cula-tionout-

stand-ing

217267

2,221589344

6,757

718497768

1,459135146421156

1,441

5,741

216196331109509010

1,002

21,981

Totaldeposits

1,6985,332

31,0657,3794,258

80,337

7,6255,887

10,74717,1192,7392,9525,3522.309

28, 341

83,071

4,5682 7697,1251,577

7321,679

373

18,823

307,172

C A P I T A L

RESERVE CITIES

Dallas _Waco - -Pueblo

Total reserve cities

COUNTRY BANKS

MaineNew Hampshire -VermontMassachusetts _ _ _Rhode IslandConnecticut

Total New EnglandStates.

New YorkNew Jersey.PennsylvaniaDelaware . .Maryland

Total Eastern States

S T O C K OF $50,000 B U T LESS '

111

3

233831684

22

186

259133373

942

816

1,002138188

1,328

9,16816, 27912, 70235, 6811,152

11,145

86,127

132,69870,974

217,2253,283

25, 234

449,414

2,587353

1,177

4,117

14,39312,73810, 56436,956

83810,969

86,458

151,69676,294

210,4163,122

25, 708

467,236

5,171841

1,768

7,780

31,13938,18028, 84389,8862,458

26,656

217,162

334,474179,337507,257

7,58061,160

1,089, 808

r H A N $200,000

150100100

350

2,3793,2722,8456,796

4202,035

17,747

22, 27212, 25933, 668

7103,720

72, 629

2438983

415

2,0053,7871,7867,334

3802,606

17,898

21, 69811,67757, 343

8144,168

95, 700

150100100

350

1,0162,8121,9335,144

2831,357

12, 545

14, 8946,998

26,700532

2,226

51,350

4,628550

1,479

6,657

25,60927,59721,99869,844

1,37320, 252

166, 673

266, 853144,150380, 660

5,21150, 050

846,924

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Page 252: Annual Report of the Comptroller of the Currency 1934

242 REPORT OF THE COMPTROLLER OF THE CURREHCY

TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,classified according to capital stock, Dec. 80, 1938—Continued

CAPITAL STOCK OF $50,000 BUT LESS THAN $200,000—Continued

[In thousands of dollars]

LocationNum-ber ofbanks

Loansand dis-counts,includ-ing re-

dis-counts

Invest-ments

Total Capital

Surplus,profits,and re-serves

for con-tingen-

cies

Cir-cula-tionout-

stand-ing

Totaldeposits

COUNTRY BANKS—continued

Virginia..West VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisanaTexasArkansasKentuckyTennessee

Total Southern States....

OhioIndianaIllinoisMichiganWisconsinMinnesotaIowaMissouri

Total Middle WesternStates

North DakotaSouth DakotaNebraskaKansasMontanaWyomingColoradoNew MexicoOklahoma

Total Western States

Washington _.OregonCaliforniaIdahoUtahNevadaArizona

Total Pacific States

Alaska (nonmember banks)

Total country banks

Total United States

79402573229361815

2502365

45,12120,34212,5622, 68511, 8996,12312,9839,8455,54761,5056,63933,42718,959

18,05010,9627,2863,7458,80720,2047,4288,6733,54953,6285,69017,5798,742

658 247, 637 174,343

78,77141,02329,6089,28128,08135,63029,74525,27113,562187,59318,42763,21335,962

596,167

6,6193,3392,300550

2,8652,4502,8781,8351,33018,1531,5855,4123,134

52,450

5,7673,1082,058391

2,1441,8532,4791,281805

12, 517986

4,7281,966

40, 083

5,1782,8371,471497

2,2341,6722,5371,471697

12, 7001,2724,8142,982

59,81030,35423,5027,81920,48529,41721,60919,80710,617143,47714,51946,81627,296

132641304146826743

605

50,28021,18340,00515,82019,02922,09418,26612,459

43,72421,99853,32421, 71925,55741,39417,77814, 675

121,07659,016128,54849,40057,15584,50252,80438,380

11,0225,72510,1833,5693,9205,875

3^175

9,7963,3116,9272,3843,2944,0872,2711,893

40, 362

8,5514,6037,4722,3622,9554, 2233,0762,595

455,528

90,30245,072103,15140, 64546, 67869,49342,93530,452

199,136 240,16 9 590,881 47,899 33,963 35, 837 468,728

9,6369,32019,43223,7975,1429,1019,9724,99716,865

10,67812,96117,37624,6007,7887,07513,5046,08133,968

27,18028,05851,38472,52818,33321, 71132,99215, 76074,704

1,9951,8004,3456,2751,4951,2802,5951,0005,300

361 108, 262 134,031 342, 650 26,085

1,4953,0363,6021,0461,3011,390615

3,040

16, 893

1,185892

3,391

'6581,2161,555701

3,558

18,014

22,49223,25940, 24357, 67015,08817,89327,29813,43562, 617

279,995

38317314734

170

10, 7239,93223,1512,2862,5831,1831,051

15,79711,50525,8834,2821,5721,1331,873

36, 29828,93463, 64010,9565,4293,3453,994

2,8152,3605,967900533210300

1,6031,2563,59738930318961

1,8021,8294,375534370182199

29,65923,08548,9039,1274,1872,7643,425

50,909 62,045 152, 596 13,085 7,3 9,291 121,150

1,183 4,685 275 297 173 3,940

2, 800 1,142, 668 1, 2,993,949 230,170 212, 232 167,572 2, 342,938

2,803 1,143,996 1,170,378 3,001, 729 230,520 212,647 167,922 2, 349, 595

CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000

CENTRAL RESERVE CITY

Chicago

OTHER RESERVE CITIES

Brooklyn and BronxBuffaloPhiladelphia- .BaltimoreWashington

3

21513

3,666

1,106434

11,0431,9805,455

2,958

1,1341,088

11,0912,5434,521

10,376

2,9231,879

25,8646,308

14,445

800

500300

1,500400850

445

65228

2,743633

1,517

200

2501,382

391368

8,864

2,3481,097

19,7824,882

11,650Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 253: Annual Report of the Comptroller of the Currency 1934

REPORT OP THE COMPTROLLER OF THE CURRENCY 243

TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,classified according to capital stock, Dec. 80, 1933—Continued

CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000—Continued

[In thousands of dollars]

LocationNum-ber ofbanks

Loansand dis-counts,includ-ing re-

dis-counts

Invest-ments

Total Capital

Surplus,profits,and re-serves

for con-tingen-

cies

Cir-cula-tionout-

stand-ing

Totaldeposits

OTHER RESERVE CITIES—COntd.

CharlotteEl PasoFort Worth___GalvestonSan AntonioWacoNashvilleCincinnatiChicagoMinneapolisSt. PaulDes MoinesDubuqueSioux CityKansas City, MoSt. JosephSt. LouisLincolnOmahaKansas City, KansTopekaWichitaHelenaOklahoma CityTulsa

Total other reserve cities.COUNTRY BANKS

MaineNew HampshireVermontMassachusettsRhode IslandConnecticut

Total New EnglandStates

New YorkNew JerseyPennsylvaniaDelawareMaryland

Total Eastern States

VirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisiana _.Texas,.. _ArkansasKentuckyTennessee

Total Southern States

OhioIndianaIllinoisMichiganWisconsinMinnesota. __IowaMissouri

Total Middle WesternStates..

54

83

12

117

1,9265,2861,5064,3921,2532,3922,8851,1221,827516

2,7882,6041,0844,5904,1866,5272,4413,2522,073902

1,012737

1,0101,6512,563

1,2467,950121

4,356578

3,4831,0165,9575,139

7091,6114,5392,9678,2173,1034,530

12,5315,8973,1811,1082,1091,6494,6845,5122,383

5,40118,4032,68113,1893,3567,7275,5619,66213,1561,7785,72611,5955,55819,60410,18917,56617,86313,6827,12,5724,4233,2509,4289,7247,707

300600200400350250300400700200350250200

1,050700600900500650200200400300500450

5311,11710949870255439

1,2319437016824144171440664565249420116101119471134144

295600

25024630016045020020025020065050290800497

100200200200

25

4,24416,0432,34711,7452,6866,9764,4927,86610,9851,3084,97410,8474,71617,1699,00616,00215,50612,1736,9972,2563,9152,5318,4469,0767,088

80,543 114,953 279,107 14, 500 15,396 8,952 239,153

17,11811,3774,10550,6071,49728,314

18, 39312,7215,98750,8653,01019,097

48,58829,19711, 805124, 8715,00356,394

3,3252,1981,7229,850450

4,966

2,8632,647946

7,8761,0483,416

1,3221,7961,1006,266450

3,322

40,87322,4958,01599,3522,95344,145

113,018 110,073 275,858 22,511 18, 796 14, 256 217,833

114,30475,240147,4755,0417,983

131,96877,830133,5065,4976,865

290,224189,131338,21712, 24517,630

20,90214,28125, 240

9131,464

17,86812, 26538,1212,440856

12,7457,97617,593

580607

350,043 355,666 847,447 62,800 71,550 39,501

233,650149,604252,0848,29014,663

658, 299

23, 73012,1285,7625,9805,9473,31613,1347,3574,79835,5207,21911,4713,717

8,7338,0034,0344,7125,95810,04913,4037,0141,89826,2159,6777,0011,887

40,38925,52614,41316,64415,84518,07835,17221,42310,297100,17522,34122, 797

3,3252,4151,8151,1002,0001,7503,9751,700700

7,5001,4002,375750

3,4711,152763

1,2861,309798

2,193730478

5,422

1*138145

2,1441,671797784

1,4811, '-"3,275800499

3,852939

1,825550

31, 05919, 78310,95613,34011,03714,31625,38118,1758,61183,06818,30417,2876,654

140, 079 108, 584 351,368 30,805 20, 271 19,815 277,971

46.15014,16424, 7229,54715,47315.1515,5969,804

44, 44113, 53940,65914,26815,62418,7383,3249,656

115,99838, 02489,83835, 72141,81646,12910, 39226,101

10,2253,1757,8252,9003,6003,200600

1,750

9,1671,2744,2431,1972,0811,878363965

8,5032,1224,4012,1502,6002,012400

I,-

86,10230,42073, 21025,35233,43138,8418,32921,542

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

Page 254: Annual Report of the Comptroller of the Currency 1934

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 _

Total other reserve cities

1,0616,150

7,211

7,8301,8465,2999,6164,4411,6862,5224,4953,2304,7026,2473,218874

6,3543,9748,7636,8741,511504

3,9864,4743,4123,5766,6002,439823

1,0761,7728,121

47 125,068

3,0053,746

6,751

9,5192,8512,6925,695

14,0972,472

5472,8731,:1,6944,5462,7833,8652,7269,0252,4655,1275,198

5,3935,670867

3,7297,79013, 3575,5955,9671,622V15, 275

149,040

5,48514,544

20,029

17,17512,1097,58417,22136,7229,9123,8759,6529,0227,89116,04513,2929,0006,04620, 26711,15320,08618,9936,133

14,0856,60610,50718,85326,05617,46713,3104,0064,18434, 278

408,510

1,0001,000

2,000

2,0251,000700

1,3502,0501,000600750750600

1,100600500600

1,2601,650500

1,600500500850750750

1,0001,100500500500500

1,850

27,935

528472

1,000

7821,247344

1,1272,2201,248

50277430267656221

1,211212

1,872362

1,0311,392355126378380188669

2,0011,04615873112

1,392

21,827

200

669

1,225497700800500

1,000

60096350048525082050050020050494850245300896794500

500500

1,800

16,4

3,46312,835

16, 298

13,0608,0965,82613,87231,9006,6193,0598,6247,0346,27913,27211,9216,2584,98416,3038,61718,05515,5235,2165,86011,9845,1899,26616, 28822,08115,31712,6472,9303,07129,161

338,312Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 255: Annual Report of the Comptroller of the Currency 1934

REPORT OF THE COMPTROLLER OF THE CURRENCY 2 4 5

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 $500,000 BUT LESS THAN $1,000,000—Continued

[In thousands of dollars]

Location

COUNTRY BANKS

MaineNew HampshireVermontMassachusettsRhode IslandConnecticut

Total New England States.

New YorkNew Jersey . _ _ _Pennsylvania. _-Maryland

Total Eastern States

Virginia .West VirginiaNorth CarolinaGeorgiaFlorida _._AlabamaMississippiLouisianaTexas -ArkansasKentuckyTennessee

Total Southern States

Ohio _-IndianaIllinoisMichiganWisconsinMinnesota. _.Iowa

Total Middle WesternStates

New Mexico ,. .Oklahoma

Total Western States

Washington _ .CaliforniaIdahoArizona

Total Pacific States

Total country banks

Total United States

Num-ber ofbanks

412

1245

28

179

231

50

7c2112126313

34

6574721

32

11

2

5711

14

160

211

Loansand dis-counts,includ-ing re-

dis-counts

10,8941,1804,941

41,37013,19920,968

92, 552

51,40138,38589, 6193,910

183,315

16,46713,3143,3463,0951,7612,0963,4753,018

13,1757,4931,6125,111

73,963

22, 29212,90415, 7119,845

17,7612,3452,122

82,980

7231,373

2,096

9,85824,438

1,4641,735

37,495

472,401

604, 680

Invest-ments

13,1941,7412,902

35,8539,018

10,804

73,512

51, 73350, 57774,169

1,096

177, 575

7,7377,6363,2691,5851,945

9862,4921,9128,5997,467

8817,709

52, 218

10,85816,00323, 2147,520

17, 3644,0692, 834

81,862

1,5893,627

5,216

11, 23418,1623,9811,672

35,049

425,432

581, 223

Totalassets

33,6533,4299,220

95,31926,00640,402

208,029

121,849105, 278202,122

6,092

435,341

29,89926,5508,6476,5335,3544,7176,8968,141

32, 02218,9803,163

23, 221

174,123

43,12542,99753, 62626,04246,8539,9306,872

229,445

4,2386,569

10,807

28,82355,0869,3405,839

99,088

1,156,833

1, 585,372

Capital

2,600500

1,3006,7002,4002,850

16,350

9,7505,455

13,810500

29,515

3,7502,7501,100

500800

1,000500

1,1003,7001,600

5001,650

18,950

3,0002,8203,7502,7103,8501,200

500

17,830

500500

1,000

2,6003,850

500500

7,450

91,095

121, 030

Surplus,profits,and re-serves

for con-tingen-

cies

1,13682

4785,0802,1842,747

11,707

6,0266,038

18,764183

31,011

1,0621,582

439330211199334181

1,6561,174

750592

8,510

3,1412,0571,9201,1143,687

489318

12, 726

134231

365

9912,514

139424

4,068

68,387

91,214

Cir-cula-tionout-

stand-ing

1,393250750

2,9971,8461,093

8,329

6,9753,714

10,921397

22,007

2,8431,800

550200785375300412

2,5441,175

2261,000

12, 210

2,2441,8003,1961,8003,188

771250

13,249

250500

750

2,1493,098

300402

5,949

62,494

79, 632

Totaldeposits

28,4042,5976,641

79,63119,48133,362

170,116

94,44788,338

157,4185,011

345,214

21,69719,7136,5545,4753,5483,1324,3336,440

24,07314, 4631,686

19,966

131, 080

33,15436, 26944, 62618,34236,0197,4245,729

181, 563

3,3545,329

8,683

22, 57843,8628,1014,504

79,045

915, 701

1, 270,311

CAPITAL STOCK OF $1,000,000 BUT LESS THAN $5,000,000

CENTRAL RESERVE CITIES

New YorkChicago

Total central reservecities __ . .

35

8

9,22332,485

41,708

29,70739,185

68,892

50, 565140,052

190,617

4,4298,500

12,929

2,9243,587

6,511

3,2982,150

5,448

39,143125,411

164, 554

106093—35- -17Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 256: Annual Report of the Comptroller of the Currency 1934

246 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 $100,000,000 BUT LESS THAN $5,000,000—Continued

[In thousands of dollars]

Location

OTHER RESERVE CITIES

Boston _Brooklvn and BronxPhiladelphiaPittsburghBaltimore.WashingtonRichmondAtlantaJacksonville—New OrleansDallasFort Worth _Galveston _Houston..San AntonioWacoLouisville-MemphisCincinnati.ClevelandColumbusIndianapolisPeoriaDetroit.MilwaukeeMinneapolisSt. Paul..Des Moines .Kansas City, MoSt. LouisOmahaWichitaDenverOklahoma CityTulsaSeattleSpokanePortland _Los AngelesSan FranciscoOgden

Total other reserve cities..

COUNTRY BANKS

M assachusetts _Rhode IslandConnecticut

Total New EnglandStates

New YorkNew Jersey _Pennsylvania

Total Eastern States

VirginiaWest Virginia .-Smith CarolinaFloridaAlabamaLouisiana-Texas .Kentucky.. _Tennessee...

Total Southern States—

oer ofbanks

42612321331

1621

£

11

31111

2I

2

2

81

1

12

24

2

Loansand dis-counts,includ-ing re-

dis-counts

76,4092,315

125,55311,93712,89827,66823,4237,879

13, 79660,3396,384

23,3993,432

42,3238,5454,597

19,43433,9405,609

25, 03134,81121, 7137,655

11, 6716,9705,2734,3709,292

22,3007,930

19,9315,163

20,7994,719

11,49121,838

1,81631, 63333,8483,6685,618

827,420

38, 2295,633

57, 724

101, 586

61,09593,93746,794

201, 826

37, 66515,142,83

10,11418,0813,852,7947,06

13,199

120, 743

Invest-ments

53,4441,899

93,10311, 25486, 69446,00726,013

6,88838,99846,1314,833

13,9154,884

57,95314,8194,119

28, 76228,2354,114

45, 22239,19831,0136,927

24,91912,9744,3008,511

10, 33343,49116,18132,15219, 06348, 095

5,0509,554

29, 2143,177

75,40166, 2993,1814,565

1,110,885

43,0157,496

39, 288

89,799

100,03778,52342,973

221, 533

26,688,445,96

21,1717,227,122,552,12

12,848

104,14C

Totalassets

183,0646,975

298,14430,501

138, 694104,37765, 29522,14872,016

146, 29616,48459, 58410,076

159,08835,58412,42369,82894,15712,0*^588,06698,19593,16421, 37460,87525, 67512, 37119,10731, 454

104,84531, 68977,88836, 282

105,96613, 89134,38566,15310, 737

140, 908114,488

8,35713,141

2, 745, 570

106,91615,315

137, 675

259,906

193,210224,172111, 099

528,481

88,20033,16513,97443, 59249, 26532, 8199,648

11,3136, 062

318, 037

Capital

7,5002,316

16,1262,0005,5005,0504,0001,0006,0008,2002,0004,0001,0008,5003,2001,0002,0005,5001,0008,7007,2006,0502,0003,0002,2001.0002, 5004,5004,2502,5005,3502,0005, 5001,7002,5005,0001,0006,5005,0001,0001,100

166, 442

7,7701,500

10, 010

19,280

10,56314, 5988,500

33, 661

8,0003,062l,80C3,9503,002,00C1,001,003,00

26,812

Surplus,profits,and re-serves

for con-tingen-

cies

13,9401,139

32,9545,1117,7894,3803,623

6121,8465,488

3331,759

1656,8171,615

2824,0475,319

8272 4235,5795,1021, 3152,0631,148

237203648

3,793906

1,5591,8193,395

356457

3,161263

4,2325, 547

193360

142,805

7,4162,1888,961

18, 565

12,30812, 56516,427

41, 300

4,3112,088

201,3013,245

525208928

1,128

13, 754

Cir-cula-tionout-

stand-ing

990400

4,672500

4,5005,0431, 000

3003, 6135,000

5001, 500

9857,3362,1831,0001,9504, 500

8231,9854,9003,0002,000

1,70049449799^595101

2,0001,0003,985

60099$

3,367500

6,4915,0001,000

400

88,403

5, 5121,4914,561

11, 564

8,7989,2994,696

22, 793

7,9922,4501,0002,7463,00C2,0001,000

9902,976

24,154

Totaldeposits

156,7213,102

239,63122,846

120,14289,68856, 38620,13360,460

126,10613, 59852,1547,909

135,95128,36910,14061,41178, 6709,223

74,81280,25478,77816,05955, 55620,48710, 54315,81525,14596,15928,11468, 77431,33192, 67411,21930,11654,0478,967

122,92498,339

5,79211,183

2,329, 728

83,96710,004

112, 790

206,761

160,809184, 45680, 778

426, 043

67, 33525, 53211, 09435,50838,16127,6437,4188,363

28, 637

249, 691Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 257: Annual Report of the Comptroller of the Currency 1934

REPORT OP THE COMPTROLLER OP THE CURRENCY 247

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 $1,000,000 BUT LESS THAN $5,000,000—Continued

[In thousands of dollars]

Location

COUNTRY BANKS—continued

Ohio „IndianaMichigan. . _WisconsinMinnesota __

Total Middle WesternStates __

Washington..California

Total Pacific States

The Territory of Hawaii (non-member bank)

Total country banks _ _ _

Total United States

Num-ber ofbanks

42222

12

11

2

1

72

161

Loansand dis-counts,includ-ing re-

dis-counts

24,7947,0998,784

10,41311, 772

62,862

6,00911,326

17, 335

16, 691

521,043

1,390,171

Invest-ments

13,5368,7409,5347,247

12,086

51,143

4,5097,711

12, 220

13,632

492,467

1, 672,244

Totalassets

51,64122,63525,99624,15036, 069

160,491

14, 66723,876

38,543

38,933

1,344,391

4, 280, 578

Capital

4,2502,2502,2502,0004,000

14, 750

1,0001,000

2,000

3,350

99,853

279, 224

Surplus,profits,and re-serves

for con-tingen-

cies

2,999531965944

1,639

7,078

985835

1,820

1,703

84,220

233, 536

Cir-cula-tionout-stand-ing

3,8701,7401,3501,2002,000

10,160

7001,000

1,700

3,123

73,494

167,345

Totaldeposits

39,79217,20121,33419, 67728, 248

126, 252

11,96521,002

32,967

30,703

1,072,417

3, 566, 699

CAPITAL STOCK OF $5,000,000 BUT LESS T H A N $25,000,000

CENTRAL RESERVE CITY

New York ,

OTHER RESERVE CITIES

BostonPhiladelphiaPittsburghAtlantaSavannahBirminghamDallasNashvilleCincinnatiClevelandDetroitMilwaukeeMinneapolisSt. PaulSt. LouisOklahoma CityTulsaSeattleLos AngelesSan Francisco

Total other reserve cities.

COUNTRY BANK

Pennsylvania

Total United States

172,261

79,05396,97179,99134, 26834,97627,24764,13426, 69225,24646,10183,99769,96988,76141, 59462, 78816,14917, 63922, 61354,917160, 777

26 1,133,883 1, 089,893

26, 594

30 1, 332, 738 1, 532,099

399, 261

51, 544123,179250,32233,71214,99313,44936,93610,97921, 52030,56489,14044,92459,60537,78654, 35119,9509,34848,34623, 041116, 204

42,945

696,621

192,287312,761411,12893,02770, 00457,347154,99845,68270, 29399,284215, 549153, 597216, 554112,948177,14451,44539,72988, 45798,817360, 202

3, 021, 253

80, 263

3,798,137

25,250

20,00014,00019,5005,4005,00010,00014,0007,0006,0005,00017,50010,00011,0006,00012,0005,0006,0008,0005,00029,900

216,300

5,000

246,550

103,358

11,92623,90140,4775,3662,7325,5926,118381

4,9583,0958,2066,9448,7514,7454,7381,5602,1871,9827,35118,063

169,073 103,908

3,750

276,181123,839

14,931

7,48117,3954,"3,2852,5007,0273,000699

5,000

10,0006,1072,0881,0004,9661,0007,0002,00018, 511

5,000

536,992

151,403254,136330,85777,02458,74838,811125,36629,72458,09885,388189,693125,921189,15798,116158,58239, 91928,01771,12582,688290,960

2,483, 733

66,493

3,087,218

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248 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. 80, 1988—Continued

CAPITAL STOCK OF $25,000,000 BUT LESS THAN $50,000,000

[In thousands of dollars]

Location

CENTRAL RESERVE CITIES

Chicago,.- _

OTHER RESERVE CITIES

Boston.. ._ .__Los Angeles .

Total other reserve cities.

Total United States

Num-ber ofbanks

1

11

2

3

Loansand dis-counts,includ-ing re-

dis-counts

199,823

255,163248, 759

503,922

703, 745

Invest-ments

155, 771

164,599143, 719

308, 318

464,089

Totalassets

644,934

591,291505,340

1,096. 631

1, 741,565

Capital

25,000

44,50030,000

74, 500

99, 500

Surplus,profits,and re-serves

for con-tingen-

cies

20,853

41,44322,991

64, 434

85, 287

Cir-cula-tionout-

stand-ing

$12,025

12,025

12, 025

Totaldeposits

582,865

483, 663438, 328

921,991

1, 504,856

CAPITAL STOCK OF $50,000,000 OR MORE

CENTRAL RESERVE CITIES

New York.Chicago

Total central reserve cities

OTHER RESERVE CITY

San Francisco

Total United States

Grand total United States

2 1,155,8421

3 1,425,3111,056,326

456,166

4 1, 881, 477 1, 366,127

814,425241,901

309,801

2,866, 632746, 724

3, 613,356

929, 775

4, 543,131

272,00075,000

347,000

50,000

397,000

5,159 8,104, 209 7,870, 772 21, 747, 483 1, 588, 250 1, 313, 916 778, 566 17, 589,882

150,48625,351

175, 837

54,912

230, 749

43,120

43,120

45,500

88, 620

2, 200,871620,910

2,821, 781

765,913

3, 587, 694

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Page 259: Annual Report of the Comptroller of the Currency 1934

TABLE NO. 22.—Number and amount of deposits in licensed national banks at the close of business May 13, 1933, by Federal Reserve districts

[Amounts in thousands of dollars]

Location

MaineNew HampshireVermont . .MassachusettsRhode IslandConnecticut

Total district no. 1..

ConnecticutNew York.New Jersey

Total district no. 2

PennsylvaniaNew JerseyDelaware

Total district no. 3

PennsylvaniaOhioWest VirginiaKentucky

Total district no. 4

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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Page 260: Annual Report of the Comptroller of the Currency 1934

TABLE NO. 22.—Number and amount of deposits in licensed national banks at the close of business May 18, 1983, byFederal Reserve districts—Continued

[Amounts in thousands of dollars]

Location

TennesseeMississippi -AlabamaGeorgia --FloridaLouisiana

Total district no. 6 .

MichiganIllinoisIndianaWisconsinIowa

Total district no. 7

IllinoisIndiana _MissouriKentuckyTennessee _MississippiArkansas

Total district no. 8

MontanaNorth DakotaSouth DakotaMinnesotaWisconsinMichigan

Total district no. 9

Numberactivebanks

551266474412

236

30146675284

379

84365338129

45

277

476763

2003119

427

Numberreporting

banks

551266474412

236

30146675284

379

84365338129

45

277

476763

2003119

427

Balances not exceed-ing $2,500

Number

230,64564, 265

330,086466,946226, 644153,072

1,471, 658

202, 2361, 283, 397

277,027448,164207, 200

2,418,024

164,93889,468

285,360166, 693179, 28622,933

101,537

1,010, 215

74,10892,38481,997

727,19459,35558, 217

1, 093, 255

Amount

30, 65710,35134, 58247,07432, 70720,517

175,888

48,400224,18440,19774, 26034,151

421,192

29, 27615,90654, 29624, 96420, 6372,956

15, 495

163,530

16,36416,98613,170

137,14012, 52612,846

209,032

Over $2,500 and notexceeding $5,000

Number

2,5791,0323,0835,3012,9381,974

16,907

4,66223, 3203,2886,3272,782

40,379

2,2181,1846,2862,0351,984

2221,409

15,338

1,5181,3571,056

12, 5521,0611,472

19, 016

Amount

9,2473,584

10,46414,08010, 3657,001

54, 741

16, 27881,41011,36221, 7369,487

140, 273

7,4734,143

16,8086,9256,936

8094,901

47,995

5,6804,7253,669

43,8843,5785,035

66,571

Over $5,000 and notexceeding $10,000

Number

1,215495

1,4962,0361,557

998

7,797

2,07612,5171,5362,7291,429

20, 287

880533

2,255992

1,107101671

6,539

827637503

5,669424624

8,684

Amount

8,2073,425

10,42013,69410,9306,932

53, 608

14,13886,54110,13618,4079,628

138,850

6,0293,609

14,6066,3447,506

6814,617

43,392

5,5464,1943,440

38, 5512,8214,061

58, 613

Over $10,000 and notexceeding $50,000

Number

798318

1,0201,4761,293

737

5,642

1,42010,2641,2051,9761,090

15,955.

590369

1,915751802

50463

4,940

487349331

3,853186267

5,473

Amount

15,9555,877

19,16730,33324,42416, 410

112,166

27,551209, 70523,06639,40122,100

321,823

10,9817,541

38, 76615,32315,967

8149,073

98,465

9,3596,6056,691

76,8713,3114,576

107,413

Over $50,000

Number

15330

141419264184

1,191

3233,133

270391189

4,306

10857

4921681211070

1,026

794860

7972526

1,035

Amount

21,8473,950

25,55167, 82055, 46428,317

202,949

96,323751,67742, 74565, 61831,901

988, 264

15,1166,659

91,20623,48816, 037

88410,105

163,495

9,9035,3888,597

147, 4302,5732,205

176,096

Total

Number

235,39066,140

335,826476,178232,696156,965

1,503,195

210, 7171,332,631

283,326459, 587212, 690

2,498,951

168, 73491, 611

296,308170,639183, 30023,316

104,150

1,038,058

77,01994, 77583,947

750, 06561,05160, 606

1,127, 463

Amount

85,91327,187

100,184173,001133,89079,177

599,352

202,6901, 353, 517

127,506219,422107, 267

2,010,402

68,87537,858

215,68277,04467,0836,144

44,191

516,877

46,85237,89835, 567

443,87624,80928, 723

617, 725

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Page 261: Annual Report of the Comptroller of the Currency 1934

WyomingColorado. __ ._NebraskaKansasOklahomaMissouriNew Mexico _. _

Total district no. 10

TexasOklahoma . .LouisianaNew MexicoArizona

Total district no. 11

WashingtonOregonCalifornia .IdahoUtahNevadaArizona

Total district no. 12

Total United States

Ratios (percent)Average deposit account

2573

12919820730

6

668

45098

163

486

6357

135221465

302

4,836

2573

12919820730

6

668

45098

163

486

6357

135221465

302

4,836

54,006245, 744275,485367,965445,664118,591

19,192

1,526,647

1,169,05510,55723, 65522,88111,185

1, 237,333

252, 693290,527

2,453,85330,36851,78812,32917, 579

3,109,137

21, 748, 754

96.76

8,77451, 38147,58153,17355, 55125,7533,204

245,417

174,1201,1386,5512,7802,463

187, 052

45, 21853,837

491,8705,6728,8503,1863,524

612,15

3,983,711

26.72$183.17

8174,4573,6763,6664,3332,427

251

19, 627

15,35460

607181138

16,340

3,9374,458

48,412422836375256

7 58, 696

399,014

1.78

2,83915,62112, 43812, 29915, 20112,363

932

71, 693

53,653208

2,541617482

57,501

13,68315,455

167,1811,5013,0481,332

901

203,101

1, 324,300

8.88$3,318. 93

3602,0331,8691,7692,3191,353

121

9,824

7,99727

4149359

8,590

1,8311,878

22,653189461186113

27,311

180, 575

.80

2,58314,19212, 69512, 26315,8269,476

817

67,852

55, 480208

2,872658412

59, 630

12, 71912, 665

153,4071,2623,0771 238

821

185,189

1, 228, 618

8.24$6,803. 92

2781,3551,5691,3482,0921,355

91

8,088

6,10546

3436244

6,600

1,3281,012

12,566111282

6589

15,453

120,028

.53

5,77825,10030,94628, 25342, 29928, 501

1,835

162,712

118, 217984

6,6711,157

878

127,907

26, 56819, 245

233,9122,1665,6591,1201,512

290,182

2,366, 331

15.87$19,714. 82

52338283,236485317

17

1,728

1,0913

591116

1,180

278233

1,960175298

2,557

28, 356

.13

5,88056, 54438, 29227,76082,43349, 689

2,638

263, 236

150,404364

8,1421,1974,452

164, 559

41, 58847, 742

374, 0631,9788,270

774592

475,007

6, 006, 392

40.29$211,820.85

55,513253,927282,882374,984454,893124,043

19,672

1,565,914

1,199,60210,69325,07823, 22811,442

1, 270,043

260,067298,108

2,539,44431,10753,41912,96418,045

3, 213,154

22,476, 727

25,854162,838141,952133,748211,310125,782

9,426

810,910

551,8742,902

26,7776,4098,687

596,649

139,776148,944

1,420,43312,57928,9047,6507,350

1, 765, 636

14,909,352

$663. 32

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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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Page 262: Annual Report of the Comptroller of the Currency 1934

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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Page 263: Annual Report of the Comptroller of the Currency 1934

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.

72,86844,10061,788153,14188, 28843, 646116, 212133,37369,06252,63762,609163,35113, 300150, 456208,389105,95521, 34243,49818,17336, 42899.48929,891194, 52047,08884,81717,65927, 77834,4706 203

134,05614 31781,65585, 779118,99323, 534195,231646,4739,021

1,469, 2933,17333,054

7, 286, 416

9, 238, 769

11,7904,66612, 56015,99610,47912, 26129,52617,12311,9507,84610,30833,9072,77828,03536, 25524, 5153,7667,3821,7503,21817,4305,36637,4335,40016,0563,2213,9846,8311,514

26, 6612,69011,4088,87922,8993,189

40, 234155,2411,446

261,799750

6,560

1, 301, 720

1, 655,945

2131894412362

945224550256132317

3264520

301

14424865

987

62

25

1,170

1,667

2621121415192

1136112238175111015

1232012

1

9233478477

73

13

753

1,003 1

1

33

7

2

324

2

1

2

6

69

69 1

1

2

2

531512766945665531552204201403372222560396465116228772983853721371989701083875100

293620

6,487

12, 699

120121147196595455127

1821288386190354139141312821371278355176134811936395265976

2451116

5,674

9,432

1,250402

1,374857

1,176397

5,6131,7292,0341,571757

10, 512113

2,3999,7152,3431,4921,387101410

2,051258

3.8111,1652,898383591

1,185192

3,268399

4,4192,5684,7531,0723,41127, 535

27187, 427

142893

310, 888

477,463

1535519818111593628316258128857343924092132056213217243032340107319277218219

4103733321347090389

2,57022

5,4031795

22, 258

32,864

47,43232,81053,512121,99156,29337,67788,040126, 29059,66443,33552,044142,49413,145143, 241170,73982,93216, 69839,42313,22031,42479,16117,909122,85031, 71069,51014,34117,84431,6805,033

110,4458,38353,47155,48499,11620, 811168, 255597, 2048,724

1, 281, 6352,722

25, 584

5, 788, 727

7, 221,024

11, 2984,46712,16815, 24410,04511,93428,35016, 38611,4827,6549,93333,0622,71627,28734,67823,0533,5377,0271,6843,01916,4345,111

36, 3635,12615, 3043,0713,7876,5171,475

25,8242,555

10, 7448,20721, 8252,999

39, 202150,3061,422

250,028715

6,267

1, 249, 294

1, 582,828

24,11210,8706,75730,21830,7215,51222,4825,2657,2077,7299,77910,296

4,63127, 54820,4333,1212,6154,8264,48117,81211,60567,60514,09112,0912,8979,2601,532965

20, 2585,48423,67227,64915,0101,608

23, 39221, 627

2699,876

3036,532

1,179,144

1,525,914

19213069498222171446347816425473

39823093513088282115292494761438867547

3706223539250266537

2,2822

6,0447

169

23, 670

29, 747

toOr00

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Page 264: Annual Report of the Comptroller of the Currency 1934

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

DEPOSIT NOT EXCEEDING $2,50O-Continued

[Amounts in thousands of dollars]

o

1-3W

oo

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

COUNTRY BANKS

MaineNew HampshireVermontMassachusettsRhode IslandConnecticut

Total New EnglandStates

New YorkNew JerseyPennsylvaniaDelawareMaryland

Total Eastern'States..

VirginiaWest VirginiaNorth Carolina .South CarolinaGeorgia., ..._ —FloridaAlabamaMississippiLouisianaTexas

172,987127,87294, 476

683, 86831,391

303,153

41,90621, 24719, 414137,9238,42565, 695

3473813442558

149

2512861421637

111

432

108

76

1,9961,9301,1986,506427

3,916

2041476575651423

141, 30491, 20580,072573, 59425, 297

249, 542

40, 21020, 30518, 507134,0248,21463, 298

29, 31534,34212, 850103,4285,65249,473

1,220473602

2,770144

1,741

1,413, 747 294, 610 1,484 125 118 216 253 15,973 1,646 1,161,014 284, 558 235,060 6,950

1,516,6451, 224, 9812, 245, 417

25,641167, 779

305, 528221,955413,0295,38431,116

5,037821

2,71021124

2,500619

2,05723141

344226734926

223118413837

13,8576,58214, 286

118997

1,232776

1,5471074

1,226, 8781,008,0021, 852, 641

22, 769134, 518

292, 871215, 588399, 5385,215

29, 653

270,529209, 350375, 0462,72432,114

8,6334,8289,382

1141,209

5,180,463 977, 012 8,713 5,340 173 30 799 35, 840 3,639 4, 244, 808 942, 865 889, 763 24,166

580, 476353, 658135,08096, 336155, 837170, 643304,114124, 213136, 202900, 285

80,15239, 34216, 3668,79315, 35721, 26531, 05614, 53416, 232

112, 772

18580749137725322580258

1,540

14765487020927813932127860

3446655575852785972509

2924830355346676958

459

4,8182,2822,2871,665812

2,8842,8381,0262,018

12, 845

381246140768328916984142

1,274

449, 497241, 65499, 62659,44498,911103,488196,79682, 70877, 282685,940

77, 23337,98615, 8318,49414, 73820, 25930,15114, 08914,895108, 405

125, 632109, 57633,03835,07955, 67963, 966104,17740, 34056, 572199,451

2,075993309117258386511250

1,0031,729

1-3

wO

9

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Page 265: Annual Report of the Comptroller of the Currency 1934

Arkansas - - -KentuckyTennessee

Total Southern States-

OhioIndianaIllinoisMichiganWisconsinMinnesotaIowaMissouri

Total Middle WesternStates

North DakotaSouth DakotaNebraskaKansas ~MontanaWyoming _. _ColoradoNew MexicoOklahoma

Total Western States

Washington __OregonC a l i f o r n i a ___I d a h o _ _ _ _ _ _UtahNevada _ -Arizona

Total Pacific States __

Alaska (nonmember banks)The Territory of Hawaii

(nonmember bank)Tota l (nonmember

banks)

Total country banks.

Total United States..

130, 512290, 267194, 663

572, 286

689,045355,293626,895222,929368 371415,423147,467193,511

, 018,934

102, 28689, 517

162,237344,428

75,96277, 892

151,20754,975

413,699

1, 472, 203

185,817107, 619289,797

40,49018, 20918,91327,933

688, 778

7,318

68, 731

76, 049

15,422,460

24,661,22

15 85836, 86926, 332

434,928

113,31851,63396,80941,39363,08477,36225,35124,631

493, 581

17,83013, 94027,70742,51915,8939,717

19,9767,726

43, 565

198, 873

27, 83817,92861, 7866,4932 1233,5915,060

124,819

1,975

9,432

11, 407

2, 535,230

4,191,175

322324100

3,909

1,051267

1,5261,0041,4183,672

961247

10,146

6971,6851,5302,376

3120012855

353

7,055

75858

2410429

651

1,147

7

7

32,461

34,128

176228

77

2,456

934306

1 173580852

1,319601206

5,971

403700417880

331129865

226

2,934

61270

248136

659

537

4

4

18,202

19, 205 1

325

8

158

2811222013171613

140

711211747

102

14

93

61392

1

31

720

789 1

73

29

6

182

2

28

18

94

11

33

42

6

244

246

507780

1,557

68105235

73244166

33100

1,024

1017066

1952617141677

582

28153512

12

11104

2

2

4,824

17,523

416872

1,338

70139235

4587

1962876

876

7510997

2012715161477

631

31174216

167

174

1

1

4,072

13, 504

3 471933

1,372

39, 251

5,8593,6365,8822,8348,3128,8141,6881,190

38, 215

2,3752,6642,1543,9132,0221,2982,0931,982

12,296

30, 797

3,2641,5899,324

911268493973

16,822

64

952

1,016

177,914

655,377

135115146

3,280

630340565324440

1,004208151

3,662

264288205300216134154137753

2,451

279143849

81186485

1,519

11

95

106

16, 303

49,167

84 473233, 371150,395

2, 563, 585

589,746277,086506 189193,259300 048344,320129, 563149, 341

2, 489, 552

81,49773, 307

136,659262,042

64,60452,682

107,17643,142

278, 545

1,099, 654

146,13295, 277

257,80831, 24315 05112,92024,176

582,607

7,055

61, 525

68, 580

12,209,800

19,430,824

15 21935,40025, 653

418, 353

109,87650,10593 51839,89960 49574,13024,06823, 677

475, 768

16,87812,65326,65140,47415,4019,265

19,3727,401

41,465

189, 560

27,02717, 24259,791

6,2232 0163,4214,767

120, 487

1,946

9,241

11,187

2, 442, 778

4,025, 606

42,19655, 56242,716

963,984

92,32174,199

113 06325,75958 34958,45115,22242, 633

479,997

17, 61611, 79121,82875,9029,279

23,69541,7969,780

122,428

334,115

36, 3189,880

22,6068,2202 8605,4922,722

88,098

190

6,254

6,444

2,997,461

4,523,375

2841,026

373

9,314

1,774732

1,278523

1,197694430508

7,136

203179315639212175322107

1,019

3,171

434239

1,06990539981

2,065

13

96

109

52,911

82, 658

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.

toOr

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Page 266: Annual Report of the Comptroller of the Currency 1934

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

1 1 5

Or

O

3

wQOg*4

3

a

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Page 267: Annual Report of the Comptroller of the Currency 1934

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.

7441,4232,7081,4662,4224,5111,8321,909669

1,3004,528215

4,3796,0093,620541

1,019254551

3,106875

5,540701

2,314300452941279

4,419548

1,8541,3623,266335

5,07825,199

14739, 296

127851

203,193

267,469

3,4376,91513,4217,21911,43422, 7088,6529,2182,9016,412

J20,828987

18,18628,06316,4302,5745,0951,1182,61415,2013,95825,7743,44911,1921,3342,3384,3061,28518,9682,5768,7547,31515, 2661,47522,502118, 273

632182, 584

6134,529

954, 811

1,261,955

183211113

818618286210

5

21246163

91351412511

65

8

501

599

10913736265

439526103144321360

20

1357183363122

55420241091015668

411

36

2,841

3,361

16

865

10

5

15

62

6

16

18

47

216

216

10

10

5

9

49

49

1515211113610087115150

33272024857623594928

10861111226816634849639122811910790532479100

2391030

7,476

10,984

86889659841587504780842

214166116

1,4623,3501,33559155639592

3,828600

1,584979

2,023289371477115478119648528308116472547

1,38649184

44,004

65,035

111232028522019614150133128351043113477371038108212463363561745230

445619

2,418

4,318

603

1121081352479995377375610169636158402745762293620745182464493112371415523229437174

1,176

2,17337102

11,938

20, 234

7131,2522,5521,3052,2864,3291 6771,738661

1,2344 333188

4,0385,2733,251435873245425

2,442748

5,213520

1,914239375826255

4,235520

1,6991,2253,086302

4,88424,541

14737,819

111784

190, 818

249,115

3,2745,888

12, 5736,24610,68121, 7537 6798,2632,8536,02819 811

83516,28523,91314,4861,9204,2031 0691,92611,1063,26823,8882,3958,914990

1,8863,7141,15917,9752,3957,8886,48014,3381,30821,491115,008

Gnn

175, 228527

4,165

886,860

1,161,930

5

19373272211

42493

1

6610181

4859752145317

728

10

1,980

2,453

17

64172813423131154

16720419

2

2826386333

2232843332174

2091,474

3,330

42

8,903

11,130

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Page 268: Annual Report of the Comptroller of the Currency 1934

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

[Amounts in thousands of dollars]

Location

COUNTRY BANKS

MaineNew Hampshire .VermontMassachusettsRhode Island. _.Connecticut

Total NewlEnglandStates

New YorkNew JerseyPennsylvaniaDelawareMaryland

Total Eastern"States__

VirginiaWest VirginiaNorth Carolina. ...South CarolinaGeorgia .FloridaAlabamaMississippiLouisianaTexas .

Totals

Numberof depos-

itors

5,8993,6032,426

18,1371,8879,485

41,437

44, 78432,21160, 539

9415,165

143, 640

9,7394,4541,6111,0731,6172,6973,7401,9952,026

11,874

Amountof de-posits

24,43011,58610,46378,7378,696

40,895

174, 807

199,117141,014263,307

4,53322, 469

630, 440

42,14219,3676,8964,9837,452

12,25917,1749,2019,343

53, 752

State, countv.and municipal

funds

Num-ber of

deposi-tors

769980

2075

99

566

1,063307

1,3886

47

2,811

1495632355099

1041365

454

Amountof de-posits

387491396

1,34422

550

3,190

5,7431,6297,535

13306

15,226

85333224319630956159282

3201,950

United StatesGovernment

deposits

Num-ber ofdeposi-

tors

Amountof de-posits

2316

67 '1542

213

3862031952952

865

992639142933

2141931

116

Postal Savings

Num-ber of

deposi-tors

Amountof de-posits

272614498

23

147

20094

3024

600

542524

471248

5164

other banks

Num-ber of

deposi-tors

242519

1173

46

234

13898

1636

16

419

1526130334456976777

395

Amountof de-posits

145139107695

18271

1,375

800509881

3879

2,305

881317141191225321547380437

2,121

Certified andcashiers' checksand cash letters

of credit out-standing

Num-ber of

deposi-tors1

518113

1228

48

323

194157270

38

632

100674199

4517

1019

205

Amountof de-posits

376064

37738

227

803

392357501

1532

1,297

11989283950

147704044

521

Other deposits

Active accounts

Numberof depos-

itors

5,5033,3622,259

17,4201,8478,796

39,187

42, 26931,23357,890

9074,755

137,054

9,1964,2291,501

9941,5112, 4893,5161,8031,796

10,456

Amountof de-posits

23,08510,7029,628

75,0778,485

39,040

166, 017

186, 916136,352250,145

4,34421,030

598, 787

39, 52418,4116,3974,5376,778

11,14315, 6848,6288,128

48, 673

Dormant ac-counts 2

Num-ber of

deposi-tors

2453655

27124

496

1,127

1,120418828

19339

2,724

14241

72386

1179

364

Amountof de-posits

726152204

1,128110742

3,062

4,6801,8703,748

9297

11, 360

612167246

14421952

378207

to

s

woog

3otr1

W

o

%

a4

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Page 269: Annual Report of the Comptroller of the Currency 1934

ArkansasTCftntuckyTennessee

Total Southern States_

OhioInd iana . . _ _ _ _ _ _IllinoisMichiganWisconsinMinnesotaIowaMissouri

Total Middle West-ern States

North DakotaSouth DakotaNebraska . ._ _KansasMontana - - .WyomingColoradoN6W MexicoOklahoma

Total Western States..

WashingtonOregonCaliforniaIdahoUtahNevadaArizona

Total Pacific States.._

Alaska (nonmember banks) _The Territory of Hawaii

(n onmember bank)

Total (nonmemberbanks)

Total country banks..

Total United States...

2,1704,4843,051

50, 531

11, 50857 682

10,1215,3727,0998,9132,8632, 293

53, 851

2,1821,6782, 8813,8042,3111 2822,284

8464, 875

22,143

3, 2011,6417,905

778245627542

14,939

209

810

1,019

327, 560

595, 029

10,11020,16013,754

226, 593

51, 79724, 28446,12924, 37930, 22239, 77911, 20710, 228

238,025

9 7628,042

12, 73516, 66810, 5915,965

10, 3034. 005

17, 209

95, 280

14,0517,152

35, 5963, 5861 1542,7422, 575

66,856

944

4,116

5,060

1, 437, 061

2, 699,016

629285

1,296

63324962215716235323785

2,498

10211212423144365650

235

990

68795471161514

317

3

3

8,481

9,080

323486435

6,682

3, 2871,3333,340

822714

1,9111,196

433

13,036

513614707

1,236251170316316

1, 405

5,528

4354183604141127691

1,906

19

19

45, 587

48, 948

182936

703

9074

1061797

1524158

635

167034934113361085

398

3119167

9

82

2,896

3,112

14144

411

79738529

1071224622

563

3044896719

852399

456

266

5610

6

104

2,281

2,330

603998

1,209

6313328337

1172224476

975

979479

16445341816

105

652

421437

11

111

1

3

4

3,604

14, 588

329197554

6,641

336807

1,706199906

1,194253447

5,848

5434794698752561979498

610

3,621

25277

22236

57

644

3

21

24

20, 458

85, 493

1856

632

5234642630351416

271

153044

11621156514

469

789

128

1137

57

152

7

29

36

2, 835

7,153

691926

1,261

27372

2441181201496590

1,131

631553775

104687561

235

873

4434

31536

3434

497

7

82

89

5,951

26,185

2,0234,2222,854

46, 590

10, 7045, 2479,1045,0906,7098,2752,5472,114

49, 790

1 9611,4402,6033,2722,1941 1972,129

7633,276

18, 835

3,0671,5377, 553

692226594506

14,175

198

774

972

306, 603

555, 718

9,32218,80212, 663

208, 690

47, 49721, 84140, 44222, 93727, 96036,1479,5029,168

215, 494

8,5636,669

11, 25514, 2249, 8855,5179,6343,488

14, 626

83, 861

13, 2056, 589

33, 9653,0801 0302,5772, 357

62, 803

915

4,000

4,915

1, 340, 567

2, 502, 497

7126

8

804

561948628128212

317

72

31217

163

790

877

123

14813

134

184

4

4

6,037

8,490

3561336

2,205

23584

20625731810410410

1,318

3411

1449835

639

149

543

589

6623

125521

820

13

13

19, 321

30,451

* 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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Page 270: Annual Report of the Comptroller of the Currency 1934

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

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Page 271: Annual Report of the Comptroller of the Currency 1934

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.

183527810396788

1,26960369092338

1, 23853

1,2501,81778923838649207

1,254276

1,6952988597615135966

90412672850293691902

5,35232

6,92849256

54, 591

77, 553

3, 63312 05816,445 \7,82617,16625, 78212,95714, 2981,6996,66825,8361 010

25, 22037, 78616, 2366,2098,251877

4,25127, 5525,817

35, 0655,90418,6281.6553,3647 9281 34118,1762,63715, 52111, 46019, 0711 80816,718101, 872

529141, 800

9455, 557

1,129, 221

1, 614, 417

1154131161161071823624

325124199101021656712519261

98

10

579

669

28394952810024411643501591761534296261655396

118821752531335341152883164343215119922830011944274050

2,624

242

15, 074

17,189

2081

29115

1250n245140

4159

18

157

1,159

1 222

3321

43

50

366

475

481971931401801441651831581177

3786002581281775

99573160375192418464814325139302549413820118166

3121165

10, 687

14, 427

1,2404 5704,8052,9844,6153,1883,6694,139

131,3112,887128

8,35512, 9316,1173,8854,105

852,12113, 4503,6138.6173,7899, 079924

1,0123,299508

3,382799

6,1332,3643,064476

2,7474,013

7,348329

1,448

251,677

339, 859

28481479121619215

11126217

43

3

9110871562

11013

593

1,409

341738312322110514814502765018042688

330153211729423

5841

63

19618

2281712081770

1,260

2,2704237

11,923

29,932

134313602250596

1,09842549789272

1,09438841

1,17151210819443103670109

1,2901024182593203387388945839377565760

5, 04231

6,32037176

42, 496

60, 748

2,3456,97911, 3354,68012, 20222,1049,0679,9681,5895,127

22, 473679

16, 20123, 7829,7582, 2593,670766

1,95613, 7671,960

25, 7531,9828,957575

2,0644, 250772

14,1441,6588,9208, 63815, 3891,17813, 45994, 937

479127,891

5743,799

845, 082

1. 220, 754

3112

1

428

3

1

121

4

56

88

2

236

300

37221125

24

5521108

42

19

182211

60

922

1, 510

31

3,940

4,986

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Page 272: Annual Report of the Comptroller of the Currency 1934

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

[Amounts in thousands of dollarsl

toto

Location

COUNTRY BANKS

MaineNew HampshireVermontM assachusettsRhode IslandConnecticut - -

Total New EnglandStates

New YorkNew JerseyPennsylvaniaDelawareMaryland -

Total Eastern States..

Virginia -_ .West VirginiaNorth CarolinaSouth Carolina. _GeorgiaFloridaAlabama -_ -Mississippi — -LouisianaTexas

Totals

Numberof depos-

itors

720433276

3,065361

1,612

6,467

5,7224,2197,197

118599

17, 855

1,639801364296319567

4,929375554

2,481

Amountof de-posits

13,2678,6835,150

60, 5617,333

30,461

125,455

107, 30275, 980

131,9552,247

11,157

328, 641

29,99315,9557,3057,0626,459

11,41615, 3857, 613

11,36649, 391

State, county,and municipal

funds

Num-ber ofdeposi-

tors

503018

1835

81

367

752199850

36

1,837

1085943333189

1022651

277

Amountof de-posits

898646468

4,460118

1,808

8,398

17,5124,431

18,366

899

41,208

2,2691,3661,024

846634

2,1061,362

6861, 2546,097

United StatesGovernment

deposits

Num-ber ofdeposi-

tors

Amountof de-posits

17364

84274

108

1,261

89096298514578

3,060

3771253689

16331510910841

723

Postal Savings

Num-ber ofdeposi-

tors

Amountof de-posits

17634868

897122197

1,808

1,5101,0223, 581

77125

6,315

73437224741

11813324515279

951

Deposits ofother banks

Num-ber ofdeposi-

tors

344432

2286

79

423

20699

1282

10

445

1567526584243983568

361

Amountof de-posits

1,0501,153

6495,584

1672,100

10,703

5,1392,1152, 755

41241

10, 291

3,4691,582

6151,369

904945

2,156798

1,5717,744

Certified andcashiers' checksand cash letters

of credit out-standing

Num-ber ofdeposi-tors^

1

381

19

32

331382

128

iT422

6171

11

Amountof de-posits

11

5818816

309

582

618308328

1,254

29784829

10714

14625

172

Other deposits

Active accounts

Numberof depos-

itors

597358222

2,624346

1,423

5,570

4,6683,8676,075

115529

15, 254

17315657291203246429

4,727307417

1,823

Amountof de-posits

10, 5616,3333,831

48,1996,794

25,796

101,514

80, 70666, 474

104,9961,9709,417

263, 563

22,93212, 2795,3144,6884,6407,810

11,4865,7238,117

33,517

Dormant ac-counts 2

Num-ber of

deposi-tors

3811

223

10

75

634162

124

191

1962

1

179

Amountof de-posits

5713012

39142

143

1,189

927668944

14397

2,950

18315321

13

279187

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Page 273: Annual Report of the Comptroller of the Currency 1934

ArkansasKentucky . .Tennessee --

Total Southern States.

OhioIndianaIllinois.._ . . . _ . . .MichiganWisconsinMinnesotaIowaMissouri

Total Middle WesternStates

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.

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Page 274: Annual Report of the Comptroller of the Currency 1934

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

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Page 275: Annual Report of the Comptroller of the Currency 1934

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

Total other reservecities

Total all reserve cities.

2613617375

158342156179

854

42914

2904812444590

742

36940

47049

18321407716

24049

199165251

19168958

41,124

1750

14, 480

23, 276

4,48626, 76628,60417,47230,95077,99042, 39133, 390

1,0558 437

126,9653,237

68 88488, 65457 2045 522

15 1181,0746,528

58,7404,120

99,7256 939

31, 6634,2998,548

13 4443,106

49 4358,223

34 64732,42960, 4533 418

43,337235, 529

736401, 741

3,2759,932

3, 415,107

6, 371, 996

378

109

15141317

156

1428g754

12105

13101577

103

167

1419172

18402

8438

713

812

1,1731,8025,6714,5173,5317,286

16, 7193,342

1502 695

11, 7441,4899,8159,7417 1332 0552 535

5731,7981,589

3258,9932 1943,5111,2722,4691 617

7775 426

9777 5923,3897,650

4276,163

35,431300

83, 787627

2,783

391, 737

510, 358

1003,6823,4231,8943,0218,9261,5011,225

91370

6,39861

10, 2542,604

823

319

3502,633

1394,233

9791,092

417583

1 711122

345677

7,124

3,1628,270

7727,149

133154

257, 676

427,139=======

204523

1,1762,6671,6168,0443 772

833109630

2 4632,4244 010

500195

1, 5991,271

5803,135

2394,6191,5481,6491 029

6364,119

7874,7443,621

13,5191, 219

13, 74626, 206

23578, 514

6161,058

282, 780

333, 257

1054881840744853

13106

188

1701032140

1917322

1611583111542

47715

1023275114189

1487

21

4,636

6,755

7896,4319,3941,6704,588

10,0556 281

10, 030

1 01223,835

9112 33931,80615 9781 7074 769

2,01026, 745

1,83127, 403

1 06810 150

6951,8265 712

38914 7401,780

11 3463,421

10, 5551 3256,483

28, 540

43, 7651,2552,976

776,746

1,398,732

2

12

22

171

1

10

1

1

3

3

6

25

110

446•

215

81147

260110

581,020

377

53

1,097

43

90

211

560

426

3,531

13,707

81, 761

13757547

10825194

1137

32306

71872761321744

311

17613

29524853

18249

1442783

111159

6109817

2861

721

9,001

15,233

2 22014,3288,7256,724

18,11343,53214 11817,960

7053 470

84,8781,596

33 95541, 05928 883

1 7606 942

306771

25, 4051,245

55,9182 459

12 291367

2,0213 2851,182

23 3154,679

10 62020, 76121, 605

44713,783

135, 699124

164, 629644

2,961

1, 688, 735

3, 614, 665

6

6

20

30

957

366

3,726

6,084

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

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Page 276: Annual Report of the Comptroller of the Currency 1934

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

balances, Oct. 25, 1933—Continued

DEPOSITS OVEB $50,000—Continued

[Amounts in thousands of dollars]

Location

COUNTRY BANKS

MaineNew HampshireVermontMassachusettsRhode IslandConnecticut - -- . .

Total New EnglandStates

New York . .New JerseyPennsylvaniaDelawareMaryland

Total Eastern States..

Virginia-West VirginiaNorth Carolina _.South Carolina _.OeorgiaFloridaAlabamaMississippiLouisiana.TexasArkansas _ _ _.

Totals

Numberof depos-

itors

917120

48662

337

1,067

814477792

1549

2,147

178101477418

1031035070

32556

Amountof de-posits

10,95211,0701,832

68,43311,30077,993

181, 580

161,663114,441133, 601

2,3485,465

417,518

28,12617,0026,4189,8385,659

28,09519, 5628,437

11,98843, 41310,358

State, county,and municipal

funds

Num-ber ofdeposi-

tors

14153

1019

23

165

26792

2354

28

626

241819133

4436287

10611

Amountof de-posits

2,0112,341

23512,6812,9177,237

27,422

87, 64725,01528,986

7183,013

145,379

3,3862,0171,5581,799

2685,1215,2953,1401,133

14, 2991,475

United StatesGovernment

deposits

Num-ber ofdeposi-

tors

Amountof de-posits

196286100

5,477258

3,010

9,327

11,19513,0589,631

56

33,940

1,278390100200

1 0132,5574,491

517529784139

Postal Savings

Num-ber of

deposi-tors

Amountof de-posits

1381,755

846,664

6,267

14,908

5,39422,66722,107

391627

51,186

1,7684,7961,2883,2512,607

14,6862,6512,788

8777,5574,657

Deposits ofother banks

Num-ber of

deposi-tors

25203

911071

220

1064543

23

199

37204

526

10214

195217

Amountof de-posits

2,8032,739

44110,0541,861

11, 565

29,463

15,4777,7614,423

220177

28,058

4,8951,744

3594,053

681874

1,517455

2,9664,5201,274

Certified andcashiers' checksand cash letters

of credit out-standing

N u m -ber of

deposi-tors *

2

2

111

2

5

1

4

Amountof de-posits

670

670

5110085

7

243

50

329

Other deposits

Active accounts

Numberof depos-

itors

503614

29343

239

675

439339512

915

1,314

116622499

48461843

16228

Amountof de-posits

5,6453,949

97233,3616,264

49,093

99, 284

41,74945,84068, 309

1,0191,500

158,417

16,7147,9753,113

5351,0904,8075,6081,5376,380

15, 8442,813

Dormant ac-counts 2

Num-ber of

deposi-tors

2

1

2

5

1

1

1

3

11

11

Amountof de-posits

159

196

151

506

150

60

85

295

8580

10380

a

o

W

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Page 277: Annual Report of the Comptroller of the Currency 1934

Kentucky -Tennessee

Total Southern States-

OhioIndianaIllinoisMichiganWisconsin _ _ _MinnesotaIowa - -Missouri

Total Middle WesternStates

North DakotaSouth Dakota .NebraskaKansasMontana _ _ _WyomingColoradoNew MexicoOklahoma

Total Western States._

WashingtonOregon - - -CaliforniaIdahoUtahNevadaArizona -.

Total Pacific States....

Alaska (nonmember banks)The Territory of Hawaii

(nonmember bank)

Total (nonmemberbanks)

Total country banks..

Total United States.._

55108

1,288

3271682671221191727748

1,300

413442

12160497225

216

660

8622

1844548

24

373

1

39

40

6,875

30,151

6,95224,858

220,706

46,92925 92949,82518, 50422,89228,07914,89410,741

217, 793

8,1909,0785,519

12, 24911,9986,127

10, 5474,436

27,040

95,184

17,0773,257

26,2033,459

3601,4576,777

58,590

573

12,058

12,631

1, 204,002

7, 575,998

1413

336

12255

1226534626527

552

2219206622193014

115

327

3216572848

17

162

4

4

2,172

2,984

1,6762,241

43,408

16,0967 402

18,4067,5685,9396,3126,9185,193

73,834

1 9751,5641,5534,8941,9952,0192,5202,3889,124

28,032

5,6281,5688,937

753267946

2,911

21,010

1,433

1,433

340, 518

850,876

4773,166

15,641

1,249771

2,813852

1,294911458202

8,550

17132026233068

10690

1,347

48255

576

77

1,190

249

2,003

2,252

72, 247

499,386

7305,116

52,772

6,3836 022

13, 3564,3375,0298,2655,3343,700

52,426

4,1645,8962,0662,4826,0871,8742,5141,0955,585

31, 763

5,0131,1562,9831,067

93434

3,158

13,904

273

322

595

217,554

550,811

237

281

16214128

2635

122

234

141

1331

18

59

12

139

3

37

918

7,673

1055,496

28,939

1,5472 2064,201

128689

3,573214330

12,888

108449311

1,16952

1,071680108

1,252

5,200

970

1,915790

363

4,038

108, 586

1,507,318

1

6

3

1

1

5

113

5

I

1

24

470

379

356

84

79

519

6596

218

379

64

64

2,254

84,015

3658

659

18591

104547684

915

618

171218403717389

78

266

416

1138

4

172

1

35

36

3,740

18,973

3,8108,839

79,065

21, 2199 478

11,0495,5359,8909,0181,9701,237

69,396

1,772849

1,3273,2743,7961,1634,662

65910, 704

28,206

4,894478

11, 728849

345

18, 294

51

8,300

8,351

461,013

4,075, 678

2

6

11

1

3

1

2

3

1

1

21

51

154

502

7950

51

180

100

157

257

90

90

1,830

7,914

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.

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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, 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

1,136,820911,567

2,755, 8171,347, 637

389395

38,05783,449

132,17237,354

49, 2611,325

8,0017,578

502, 663232, 294

124, 79344,834

94, 64110,324

903,919611,159

1,933, 275976,931

99, 716247,601

5,7485,960

2,048,387 4,103, 454 784 121, 506 169, 526 50, 586 15, 579 734,957 169, 627 104,965 1, 515,078 2,910, 206 347,317 11, 708

320,69336,421

1,990229,383244,433

55, 679169,82064,15729,303

203, 332127,113109,312

68, 210272,190110, 20521,096

100, 09032, 410

167,378

799,04719, 948

957513,609360, 071131, 701128,908

57, 97910,72695, 20768, 03455, 70435, 501

114,892136, 223

14,14159,92925,875

129, 616

26020

3672724

5

63105798

1591540175

22

47, 6401,316

9521,131

41, 34822327

29,2^

3,377536

1,715626

3,3941,1995,1182,536

14,8024,1521,1233,481

6684,194

8,0098,8362,9311,691

7,6,0624,3823,1708,685

13, 59694

1,9331,022

11,594

21,8701,670

1417,7546,8184,3102,401

200193

5,7242,3786,6763,2754,3514,071

2631,4482,0601,860

2,18611

138,148321

2,2301,4124595193022759039824818585586260542231736

116,95085, 22530,81111, 24112, 2131,03517,85914, 3397,8594,87220,99633, 7621,20815,8504,98727,847

6,14741127

2,96078, 627

9025,3761,432310

1,627672990654

6,2714,5741,0251,773316

3,404

6,3862322

1,8742,10546835942679201215247180900

2,444185454371

1,676

296,01135, 5251,960

198,810145, 55947,369133,90348, 43820,384130,44273,92068,41027, 832148,16280, 20116, 76878,61822,174100, 636

541,94416,129

819324,930250,32783,610109, 29441, 6328,69958,30443,46631,02620,88263,93377,38011,12736,52916, 53081,830

16,089454

1,71157

25,31618,8086,92630,01713,9778,57370,61052,01839, 58539, 531116,74324, 5533,20319,1409,68462,580

1,724589289

2,14610246

1,743375396586

1,225818141234237615

wHOd528

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Page 279: Annual Report of the Comptroller of the Currency 1934

San AntonioWacoLouisvilleMemphisNashvilleCincinnatiClevelandColumbusIndianapolisChicagoPeoriaDetroitGrand RapidsMilwaukeeMinneapolisSt. PaulCedar RapidsDes MoinesDubuqueSioux CityKansas City, MoSt. JosephSt. LouisLincolnOmahaKansas City, KansTopekaWichitaHelenaDenverPuebloOklahoma CityTulsaSeattleSpokanePortlandLos AngelesOaklandSan FranciscoOgdenSalt Lake City

Total othercities

Total all reserve cities. 9,607,067

75,11245,05363,874156,83290, 22547, 014122, 334135,96471,84053,40664, 301169, 54613, 582156, 375216,696110,60822,16644, 99318,48337, 228104, 21831,082

202, 22548,13688,17318,05628,42135,8476,564

139, 61915,04084, 43687,808

123,44623,979

201, 379677,982

9,204516,641

3, 36634,211

7, 558, 680

42,92116, 22258, 29974,46642,99671,811

156,00681,12368,85613, 50131,825

207, 5368,012

140,325190, 758114,385

18, 07135,8464,819

16, 611118, 923

19, 261197, 997

21, 69277, 53910, 50918, 23432, 509

7,246113, 240

16,12670, 33060,083

117, 6899,890

122, 791610, 915

3,343987,924

5,58326, 578

6,800,859

10,904,313

162

30884195129451732273712156363601053245555527394913160843

309351

2,963

3,747

2,3391,2032,3165,7814,5533,6387,60716,9193,387200

12,0511,67910,36910, 5497,3472,1262,702583

1,9511,671514

9,3262,3654,0901,3932,7951,956820

5,9221,1557,8143,6458,066564

6,80836, 246

350

6273,074

410,405

531,911

1,645120

3,7793,4231,9233,1368,9671,5071,230

91377

6,39861

10, 2542,60682325

37120374

2,684196

4,233985

1,094417589

1,712122

1,62418

386754

7,12418

3,1628,270

7727, 359

133154

259,120

428, 646

1,824204533

1,1762,6671,6168,0443,772833142651

2,4632,4244,010

500195

1,5991,325580

3,135239

4,6241,5481,6491,029636

4,119787

4,7443,62113, 5691,219

13, 74626, 206

23578, 523

6161,058

283,197

333,783

270885304583883763703815413

12425448854

1,68381826836916

3221,822410

1,032450

1,147144179348643687355228637493313455

99234136

29, 286

44,865

8,0612,12712,00414,9295,5919,84913,80110, 78515,138

132,55526,890

34722, 24448, 47323, 6206,2189,471

1274,814

44, 4366,172

37, 8175,907

21, 5301,9433,2609,5641,025

18, 6482,70918, 2206,37614,0221,9439,76133,176

52, 7441,6444,624

1,078,101

1,813,058

1,275413

1,377890

1,200434

5,6811,7562,0621,578775

10,680115

2,4429,8712,3841,5021,442103425

2,114267

3,8661,1752,940396599

1,210194

3,326403

4,4652,6144,8211,0803,46127,833

27188, 007

149915

314,009

483,636

280115235681306432

1.243520501179468

1,87699647

3,00394396

87041180

1,87397

1,01315255911411642830

1,05469716

1,176972144633

5,43222

13, 37796234

59,826

164, 791

49,37933,67055,152125, 22057,89540, 66793,718128,48662,01244,09253, 582148, 22713, 378148,307177,45986, 82717, 25840, 53413,51131,96382,44918, 779

129, 64832, 35671,92714, 60818, 33032, 7335,335

115, 5629,01955, 71157, 213103,13621,184174,008627, 6048,904

1, 326, 6352,87726, 565

>, 031,042

7, 546,120

28, 56012,30639,36347,87727,69552,930115,73947, 25047,67312,80124,558160, 2245,826

93, 728123,43276,1809,47621,8423,8257,672

66, 71211, 584141,92211,96245,4665,0039,75817, 7664,588

81, 25811,28738,17244,08673,1575,932

87,935495,9502,657

717, 7762,46017,192

4, 669,971

7, 580,177

24,11410,8756,757

30, 24030, 7255,520

22, 5165,2727,2097,7319,79010, 297

4,67727, 55420, 5343,1212,6164,8264,48117, 82111,61167, 61614,09212,0992,8989,2601,532966

20,3085,490

23, 68127, 65615, 0661,60923,43722,006

26100, 698

3036,544

1,181,380

1,528,697

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.

21214769599261210605370947530897

620271

1,462130902821222118551821769167542561510127842577970746

5,6352

11, 2507

242

40,239 fcj

947 }51,947

toCO

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Page 280: Annual Report of the Comptroller of the Currency 1934

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]

too

Location

COUNTRY BANKS

MaineNew HampshireVermont.. __ _ __MassachusettsRhode LslandConnecticut

Total New EnglandStates

New YorkNew JerseyPennsylvaniaDelaware—Maryland

Total Eastern States._

Virginia—. .West Virginia.. _.North CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisiana .TexasArkansas _

Totals

Numberof depos-

itors

179,697131,97997,198

705, 55633, 701

314, 587

1,462, 718

1, 567,9651,261,8882, 313,945

26, 715173, 592

5,344,105

592,032359,014137,10297.779

157, 791174,010312,886126,633138,852914,965133, 230

Amountof de-posits

90,55552,58636,859

345,65435, 754

215,044

776,452

773, 610553, 390941,892

14,51270, 207

2,353,611

180,41391, 66636,98530,67634,92773,03583,17739,78548,929

259,32846,960

State, county,and municipal

funds

Num-ber of

deposi-tors

48752544574627

352

2,582

7,1191,4195,183

31235

13,987

466213168172461485467147381

2,377444

Amountof de-posits

3,5473,7641,241

18,6483,0649,706

39,970

113,40231,69456,944

7544,359

207,153

6,6553,7802,8732,9111,4208,0667,3883,9402,834

23, 2063,051

United StatesGovernment

deposits

Num-ber of

deposi-tors

Amountof de-posits

225489220

6,409347

3,236

10,926

12, 53114, 24510,886

188188

38,038

1,777544181304

1,2192 9124,825

654608

1,663242

Postal Savings

Num-ber of

deposi-tors

Amountof de-posits

3452,132

1687,718

1306,488

16,981

7,11323,78726,007

472752

58,131

2,5575,1941,5613,2922,774

14,8312,9522,940

9618,6775,007

other banks

Num-ber of

deposi-tors

10810366

52126

269

1,093

794466

1,0681955

2,402

689222115200150161294165236

1,317233

Amountof de-posits

4,0094,0501,287

16, 4122,055

13,981

41, 794

21, 63910,5038,472

305534

41,453

9,5373,6911,1455,6481,8632,1864,2871,7025,032

14,8444,028

Certified andcashiers' checksand cash letters

of credit out-standing

Num-ber of

deposi-tors i

2,0482,0111,2146,636

4363,985

16, 330

14,0856,753

14,639121

1,007

36,605

4,9592,3532,3301,676

8212,9362,8561,1342,028

13,0653,489

Amountof de-posits

252207187

1,321105

1,629

3,701

2,2931,5412,461

25113

6,433

529413216144133593253270211

2,296204

Other deposits

Active accounts

Numberof depos-

itors

147,45494,96182,567

593,93127,533

260,000

1, 206,446

1, 274, 2541,043,4411,917,118

23,800139,817

4, 398,430

460,124246,602101,44260.650

100,677106, 454205,08584,83679,538

698,38186,861

Amountof de-posits

79, 50141, 28932,938

290, 66129, 757

177, 227

651,373

602, 242464, 254822,988

12, 54861,600

1,963,632

156,40376,65130,65518, 25427, 24644,01962,92929,97737, 520

206,43934,109

Dormant ac-counts 2

Num-ber of

deposi-tors

29,60034,37912,906

103,7225,679

49,981

236,267

271,713209,809375,937

2,74432,478

892,681

125,794109, 62433,04735,08155,68263,974

104,18440,35156,669

199,82542, 203

Amountof de-posits

2,676655818

4,485296

2,777

11,707

14,3907,366

14,134220

2,661

38, 771

2,9551,393

354123272428543302

1,7632,203

319

IH

O

QO

Wotr1

t-1

wHQ

3Q

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Page 281: Annual Report of the Comptroller of the Currency 1934

KentuckyTennessee

Total Southern States.

Ohio _IndianaIllinois -_ -_Michigan -"WisconsinM innesotaIowaMissouri. _. -

Total Middle WesternStates

North DakotaSouth DakotaNebraskaKansasMontanaWyomingColoradoNew Mexico _ -Oklahoma __

Total Western States..

Washington _OregonCalifornia __ _ .IdahoUtahNevadaArizona.

Total Pacific States,_

Alaska (nonmember banks) -The Territory of Hawaii

(nonmember bank)

Total (nonmemberbanks) _

Total country banks...

Total United States. - .

295,445198,499

3, 638, 238

702, 768362,168639,114229, 207376, 589425,855150 823196,227

3,082, 751

104,91391,598

165, 788349, 728

78,80079,534

153,92756,057

419,900

1, 500, 245

189,688109,494299,44741,46418, 49919, 63628,630

706,858

7,549

69, 738

77, 287

15,812, 202

25, 419, 269

75,99679, 264

1,081,141

249,647121,922229,00699,801

135,041172,30259 76553,463

1,120,947

44,23139,05154,92588,31647,45128,24848,42720,267

111,863

482, 779

71,06332,502

151, 50016,6134,4709,739

17,003

302,890

3,952

29,123

33,075

6,150, 895

17, 055, 208

470276

6,527

2,114741

2,6841,3181,7024,3631,396

418

14, 736

8981,9201,8522,910

146314285176

1,051

9,552

2631,010

296241594793

2,009

16

21

49,414

53,161

3, 2404,422

73, 786

26, 78412, 53531,59711,1469,633

15,66211, 7307,056

126,143

4,7345,3785,639

13,0553,4563,8094,6663,953

18,550

63, 240

8,2103,444

13,4682,105

6501,5603,425

32,862

171

1,455

1,626

544, 780

1,076,691 1

6233,360

18,912

1,6081,0693,3231,2941,5161,977

600378

11, 765

609733396834289107181102390

3,641

863101938

<]

77119

2,107

284

2,003

2,287

87, 676

516, 322 1

1,1845,633

57, 563

7,8486,778

14,3534,7865,887

10,0955,6284,294

59,669

4,5196,1732,4723,3736,1862,0933,0821,2436,905

36,046

5,6401,6763,6761,213

176464

3,164

16, 009

313

322

635

245,034

578,817

137328

4,247

202355865136453576141261

2,989

2472082094891211054450

320

1,793

11940

12249

35

372

13

17

12,913

57, 778

7388,769

63,470

3,1685,040

12,371854

3,3808,2421,7142,500

37, 269

1,7181,8252,0544,5291,3582,079

999526

4,806

19,894

1,924273

3,0891,340

2064

654

7,364

30

269

299

211, 543

2,024,601

940]1,381

39, 968

5,9213,6735,9562,8668,3458,8561,7061,208

38, 531

2,3902,6992,3054,0402,0461,3152,1612,000

12, 773

31, 729

3,2771,5979,607

919268498985

17,151

71

986

1,057

181,371

665,007

154248

5,664

1,385455919609603

1,258314369

5,912

327525271431391266312328

1,330

4,181

335177

1,4831271898

228

2,466

18

284

302

28, 659

193,450

238,199]153,790

2,622, 639

602,145283,179516,495199,060307,655353, 580132, 335151, 705

2, 546,154

83, 75574,978

139,558266,36367,20154,105

109,62544,048

282,527

1,122,160

149, 69696,963

266, 65732,03415, 30513, 58124, 791

599, 027

7,268

62,476

69, 744

12, 564, 600

20,110, 720

68,13856,423

848, 763

206,63595,166

164,90980,237

112,424134,25939,21538,348

871,193

32,08724,22743,52365,21435,52419, 71938,80213,99978,382

351,477

53,47126, 558

126,98211, 7263,5207,3229,311

238,890

3,123

24,681

27,804

4, 953,132

12, 533,309

55,69942,724

964,857

92, 38674, 220

113,11425,82758,43458,48015,24542,635

480,341

17,62311,79321,86475,9269,286

23, 69541,8129,783

123,229

335,011

36, 3339,884

22, 7658,2212,8655,5052,726

88,299

190

6,258

6,448

3,003,904

4, 532,601

1,919409

12,983

2,219879

1,534875

1,598809564518

8,996

237190570880247175385116

1,500

4,300

620273

1,8649386

154102

3,192

13

109

122

80,071

132,018

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.

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Page 282: Annual Report of the Comptroller of the Currency 1934

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

Year

1910 _

1911 _19121913-.1914._ .1915 _ .1916._191719181919 .192019211922-- .-192319241925-.1926 _ _19271928 -1929-.19301931__ .

1932

Numberof banks

7,218

7,3317,4287,5147,5787,6327,6087,6717,7657,9008,1578,1798,2628,2648,0988,1188,0087,8327,7077,5067,2186,619

6,104

United States bonds held as security for circulation

2-percentconsols of 1930

$580,145,400

593,006, 600601, 762, 600604, 264,950606, 622,300600, 678,600567, 690,250555, 514,950561,848,600565,094,950570, 372, 500576,522,950581,493,950586,801,800589,086,200591, 792,150591,139,900592, 582,450592,696, 700592, 721,100594, 757, 350591,180,800

591,369, 700

2-percentPanama Canal

loans of 1936and 1938

$78, 420,480

80,110,04081, 258,46081, 701, 24081,971,82081, 614,42078,068,66071,466,14072,324,80072, 672,06073,116, 00073,732,14073, 656,84073,937,38074,069,64074, 392,98074, 352,98074, 290,84074, 471,74074,015,00074,371,10074,074, 540

73,496,940

3-percentbonds

[3 percent{ 1908-18,I $15,337,540

18,199,38020, 419, 22022, 245,10021,447,18020, 377, 72015,984,68017, 715, 220

32,240

/PanamaCanalloan of1961,

$1,000Conversion

bonds of1946-47,

1,000,000Treasury

bonds of1951-55,

\ 33, 579,450

3^-percentbonds

11

Treasurybonds of

' 1946-49,$28,345, 200

326-percentbonds

Treasurybonds of1940-43,$17,640,950

Treasurybonds of

\ 1941-43,28,719,400

Treasurybonds of1943-47,

\ 25,519,950

3K-percentbonds

4-percentbonds

(4-percent loan\ of 1925,[ $21,022,650

22,854,30026,817,00035,302, 70034,699, 30032,304,80026, 214,40034, 743,90050, 240,80058,055,05068, 578, 00077,257,40082,509,90085,823,15076, 687,050

Total

I $694,926,070

714,170,320730, 257,280743, 513,990744, 740,600734, 975,540687,957,990679,440,210684,446,440695,822,060712,066, 500727,512,490737, 660,690746, 562,330739, 842,890666,185,130665,492,880666,873,290667,168,440666,736,100669,128,450665,255,340

799,672,590

I

oo

wotr1

t 1

wo

w

jo

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

Page 283: Annual Report of the Comptroller of the Currency 1934

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

Page 284: Annual Report of the Comptroller of the Currency 1934

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

Amount Percent

W

oog

swQ

1933NovemberDecember

1934JanuaryFebruaryMarchAprilMayJuneJulyAugust.. ---SeptemberOctober

$99,12598,000

97, 59499,10999, 750100,047100, 625101,156101,188100, 51699, 48499,719

$100,000100,000

100,000100,000100, 000100,000100,000100,000100,000100,000100,000100,000

$2,0002,000

2,0002,0002,0002,0002,0002,0002,0002,0002,0002,000

$5,7005,700

5,7005,7005,7005,7005,7005,7005,7005,7005,7005,700

$7,7007,700

7,7007,7007,7007,7007,7007,7007,7007,7007,7007,700

$500500

500500500500500500500500500500

$97.1897.18

97.1897.1897.1897.1897.1897.1897.1897.1897.1897.18

Indeterminate..

$5,947. 505,880.00

5, 855. 645,946. 545, 985. 006,002.826,037. 50

6,071. 286,030.965,969.045,983.14

PANAMA CANAL LOAN (2's of 1916-36)

1933NovemberDecember

1934JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctober

1 Negative.

$100, 391100,172

99,797100, 219100, 656101,125101,469102,063102, 219101,047101, 359101, 391

$100,000100,000

100,000100, 000100,000100,000100,000100,000100,000100,000100, 000100,000

$2,0002,000

2,0002,0002,0002,0002,0002,000'2,0002,0002,0002,000

$5, 7005,700

5,7005,7005,7005,7005,7005, 7005,7005,7005,7005,700

$7, 7007,700

7,7007,7007,7007,7007,7007, 7007,7007,7007,7007,700

$500500

500500500500500500500500500500

$97.1897.18

97.1897.1897.1897.1897.1897.1897.1897.1897.1897.18

$139.7261.11

1 78. 3889.26268. 43482. 60688. 30971. 62

1, 080. 411, 044. 57683. 63767. 34

658. 29

518. 80686.44865. 61

1,079. 781, 285. 481, 568. 801, 677. 591, 641. 751, 280.811,364. 52

$6, 963.107,041. 71

7,181.207,013. 566, 834. 396, 620. 226,414. 526,131. 206, 022. 416,058. 256,419.196, 335.48

$6,023.466,010.32

5,987. 826,013.146,039. 366,067. 506, 088.146,123. 786,133.146,062. 826,081. 546,083. 46

$939. 641,031. 39

1,193. 381,000.42795. 03552. 72326. 387.42

-110.73-4.57337. 65252.02

0.9361.030

1.196.998.790.547.322.007

.333

.249

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

Page 285: Annual Report of the Comptroller of the Currency 1934

REPOET OF THE COMPTROLLER OF THE CURRENCY 275

TABLE NO. 26.—Investment value of United States bonds—Panama Canal bonds,and 2's of 1930

Date

Panama Canal bonds,2's of 1916-36

Averageprice, net

Rate of in-terest real-ized by in-

vestors

2 percent bonds of 1930

Averageprice, net

Rate of interest re-alized by investors

1934JanuaryAprilJulyOctober

$99. 797101.125102.219101.391

Percent2.0821.503.903

1.219

$97. 594100.047101.188

99. 719

Indeterminate.Do.Do.Do.

TABLE NO. 27.— United States bonds—Monthly range of prices in New York,November 1933 to October 1934, inclusive

Date Coupon bonds—2's of 1930

Registered bonds

2's of 1930 Panama 2's of1916-36

November:Opening..Highest. _Lowest...Closing...

December:Opening..Highest..Lowest. _.Closing...

January:Opening..Highest. .Lowest...Closings.

February:Opening..Highest..Lowest . . .Closing...

March:Opening..Highest-Lowest. _.Closing. _.

April:Opening..Highest...Lowest...Closing. _.

May:Opening-Highest.. .Lowest...Closing. _.

June:Opening..Highest. _Lowest.--Closing...

July:Opening..Highest..Lowest. _.Closing. _.

August:Opening..Highest...Lowest...Closing—-

September:Opening-Highest-.Lowest. __Closing. _-

October:Opening—Highes t -Lowest-._Closing—.

1933

1934

$99.24 @ 100.0099. 24 @ 100.00

99.0098.08® 99.00

99.0099.00

96.24® 97.1697.08@ 98.00

97.08® 98.0097.24® 98.1697.00@ 98.0097.24® 98.16

98.00® 98.1699.00® 99.1698.00® 98.1699.00® 99.16

99.00® 99.1699. 24 @ 100.0899.00® 99.1699. 24 @ 100.08

99. 24 @ 100.08100.00 @ 100.0499. 24 @ 100.08100.00 @ 100.04

100.02 @ 100.10101.08 @ 101.16100.02 @ 100.10101. 08 @ 101.16

101.08 @ 101.16101. 08 @ 101.16100.28 @ 101.04100. 28 @ 101.04

100. 28 @ 101.04101.28 ® 102.04100. 28 @ 101.04100.28 @ 101.04

100. 24 @ 101.00100. 24 @ 101.0099. 24 ® 100.16100. 00 @ 100.12

100.00 @ 100.12100.00 @ 100.12

98. 24 @ 99.1699.00® 99.24

99.00® 99.2499. 24 @ 100.0899.00® 99.2499. 24 @ 100.08

Not quoted.do.

— .dodo

.do._do._do--do_

-do.do-do_do

.do.-do.-do.-do.

,.do-_do.,-do._do.

_do.do.do

-do.-do._do--do.

_do._do._do.-do.

.do.

.do._do-do

_do.-do.-do.-do.

_do.-do..do._do.

_do-_do.-do.-do.

$100.04 @ 101.00100.16 @ 101.08100.00 @ 100.16100.00 @ 100.16

100.00 @ 100.16100.00 ® 100.1699. 28 @ 100.0499. 28 @ 100.04

99. 28 ® 100.0499. 28 @ 100.0499.16 ® 100.0099.16 @ 100.00

99. 24 @ 100.08100.08 @ 100.2499. 24 @ 100.08100.08 @ 100. 24

100.08 @ 100.24100.16 @ 101.00100.08 @ 100.24100.16 @ 101.00

100.16 ® 101.00101.00 @ 101. 24100.16 @ 101.00100. 24 ® 101.16

100. 24 ® 101.16101. 24 @ 102.04100.24 @ 101.16101. 24 @ 102.04

101.24 @ 102.04102.00 @ 102.12101. 24 @ 102.04102.00 @ 102. 08

102. 00 @ 102.08102.04 @ 102.12102.00 @ 102.08102.00 @ 102.08

102.00 @ 102.08102.00 @ 102.08101.16 @ 102.00101.16 @ 102.00

101.16 @ 102.00101.16 @ 102. 00100. 24 @ 101.16100. 24 @ 101.16

100. 24 @ 101.16101.08 @ 102.00100. 24 @ 101.16101.08 @ 101. 24Digitized for FRASER

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Page 286: Annual Report of the Comptroller of the Currency 1934

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

]

Num-ber ofbanks

75

12

52

146451322313421385312234231343

2243121343633233152223

June 30,1934

Sanks issuing circulation

Capital stock

Preferredand com-

mon (bookvalue)

23,2644,450

27,714

1,0003,025

50031, 33622, 5003,2503,4501,0501,3006,9005, 6006,000

10,0008,200

16,150600

2, 5001, 500

15, 7004,3001,350

3002,0004,5007,9007,900

21,7007,200

4007,0501,5003,260

1,65012, 20017,4009,000

5005,600

200850

3,300900

18, 6001,6505,025

9501,2001,400

3006,500

6006,2006,200

13, 000

Common(par

value)

22,9643,350

26,314

5002,375

41029,18622, 5002,2503,4501,0001,0506,4005,3006,0002,5005,200

13,150600

1,500900

9,4003,150

850300

2,0004,5003,9007,9009,7007,200

2005,2501,1502,760

90012, 20011,8006,750

5001,250

200650

3,300900

13, 5081,3502,600

4001,2001,300

3004,000

6003,1002,200

13, 000

Circula-tion out-standing

9,6002,688

12,288

5001,614

3608,233

14,4521,2552,8521,0001,0335,0421,9853,0602,5004,9847,077

6001,483

8888,3522,792

848300

1,9634,4573,7912,1596,9313,126

2004,881

8942,298

89611, 6556,3035,748

5001,247

200648831335

2,3881,3452,239

3971,1001,297

1993,993

5973,100

72510,314

I

Banks not issuing circulation

Num-ber ofbanks

35

8

52

3

141

3111

2

1

3

2

1411

3

1

32

Capital stock

Preferredand com-

mon (bookvalue)

284,770130,700

415,470

71,000500

4,040

4,6666, 0003,000

2,450750650350

700

1,000

900

20, 500

4003,850

200700

2,400

1,000

1,0002,800

Common(par

value)

184,77055,700

240,470

71,000500

3,490

4,0004,5003,000

1,400750300200

500

1,000

900

8,000

4002,500

200400

800

1,000

1,0002,600

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Page 287: Annual Report of the Comptroller of the Currency 1934

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

Total other reserve cities

Total all reserve cities

COUKTRY BANKS

MaineNew HampshireVermontM assachusettsRhode IslandConnecticut .- .

Total New England States. _.

New YorkNew Jersey -PennsylvaniaDelaware __ -Maryland.

Total Eastern States

VirginiaWest VirginiaNorth Carolina _South CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexas _.Arkansas __KentuckyTennessee

Total Southern States _ _.

OhioIndianaIllinoisMichigan _ «WisconsinMinnesotaIowaMissouri _

Total Middle Western States.

June 30, 1934

Banks issuing circulation

Num-ber ofbanks

224513

183

195

334937

1141246

291

388191637

1553

1,284

1197231164437682121

317409365

944

2191072216682

1798661

1,021

Capital stock

Preferredand com-

mon (bookvalue)

1,5006,500

46, 00081, 400

1,0002,650

462,196

489, 910

8,3416,2456,220

33,8317,470

20, 392

82,499

65, 76445,01698,590

1,8085,348

216, 526

22,43413, 3304,5203,4755,5967,350

13,0454,2405,305

29,5074,852

10,7459,699

134,098

30,95015,47222,42112,22513,55217,1335,9555,792

123,500

Common(par

value)

7506,500

34,00075,900

4001,850

363,939

390,253

5,8355,4474,775

24,6687,120

16,301

64,146

55,30936,51889,333

1,7084,241

187,109

20, 22411,1203,5902,6255,1906,8759,7302,8154,480

25,6354,0109,2958,399

113,988

27,80310,38018,3659,372

12,42013,2124,9694,725

101,246

Circula-tion out-standing

7506,448

18,20464,596

4001,779

250,144

262,432

4,4034,8913,971

18,7176,1439,404

47,529

42,55027,62374, 779

1,2033,589

149, 744

17,8259,3143,0312,3324,1325,1088,8552,3313,613

21,2233,3068,5447,933

97,547

23,6009,732

15,9489,158

10,55410,9004,2924,379

88,563

[

Banks not issuing circulation

Num-ber ofbanks

46

54

635

18

8

40

524337

14

137

116826

10144

10783

170

1910401621252710

168

Capital stock

Preferredand com-

mon (bookvalue)

128,190

543,660

959175415

4,620

2,165

8,334

5,9958,2783,280

25627

18,205

730450

1,250300350

2,33050

520300

6,520475100

13,375

2,3302,4504,4502,8201,7701,5851,421

660

17,486

Common(par

value)

108,440

348,910

659150325

2,660

2,095

5,889

5,6007,5172,890

25527

16,559

642355750250275

2,17525

490175

5,065335100

10, 637

2,1451,4103,9451,3631,3751,4201,126

485

13, 269

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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. __

Total Western States

WashingtonOregonCaliforniaIdaho. _.UtahNevadaArizona. _ ._ ,

Total Pacific States

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

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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

io

toCO

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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Page 290: Annual Report of the Comptroller of the Currency 1934

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

Issued onaccount of

redemptionsIssued on

bonds Total issuedGrand totalissued since

1863

1933NovemberDecember

1934JanuaryFebruaryMarchAprilMay._JuneJulyAugustSeptemberOctober

Total

$31,365, 04029,207,410

35,478,32527,570,48527,616,78027,784, 58524, 701,06030,290,73028,067,53026,113,14523,404, 76525,147,085

336,746,940

$7,847,18032,648, 230

6, 281,8506,411,0205, 667,1503,468,1002,978,4502,335,580491, 250

1,914,450941,590

2,706,340

$39,212, 22061,855,640

41,760,17533,981,50533, 283, 93031,252,68527,679,51032, 626, 31028,558,78028,027,59524,346,35527,853,425

73,691,190 410,438,130

$16,463,845,98016,525,701,620

16,567,461,79516,601,443, 30016, 634, 727, 23016, 665,979,91516, 693, 659,42516, 726, 285, 73516,754,844,51516,782,872,11016,807, 218,46516,835,071,890

TABLE NO. 31.—National-bank notes received monthly for redemption during yearended Oct. 31, 1934

Month

Received by the Comptroller of the Currency

From nationalbanks in con-nection withreduction ofcirculation

and replace-ment withnew notes

From the redemption agency

For replacementwith new notes

Retirementaccount

Total

November.December-

JanuaryFebruary. _MarchAprilMayJuneJulyAugustSeptember.October

Total _

1933

1934

$33,960.00

$31,829,497.5028,892,860.00

35,566,050.0027,662, 290.0028,149,560.0027,438,400.0027,627, 210.0029,425,440.0026,350, 412. 5026, 256, 395. 0023,919,847. 5025,346,610.00

$7,659,570.006,719,690.00

8,113,990.007, 276, 780.008, 223,655.00

11, 213,150.0011,009,425.0011, 697, 790.0015,118,895.0014,566,975.0011,426,190. 0013,069,535.00

33,960. 00 338,464, 572.50 126, 095,645.00

Received from June 20, 1874, toOct. 31, 1933

$39,489,067. 5035, 612,550. 00

43,680,040.0034, 939,070.0036, 373, 215.0038,651,550.0038, 636,635.0041,123, 230. 0041,469,307. 5040, 823, 370. 0035,346,037.5038,450,105. 00

464, 594,177. 50

59, 371, 225.00 13, 263,557,180.00 1,929,063,662.00

Grand total. 59,405,185.00 13,602,021, 752. 50 2,055,159, 307. 00

15, 251, 992,067.00

157716, 586, 244. 50

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REPORT OF THE COMPTROLLER OF THE CURRENCY 281

TABLE NO. 32.—National-bank notes received at Currency Bureau and destroyedsince establishment of the system

[For yearly figures 1866-99 see report for 1931, p. 223]

Date

Prior to Nov. 1, 1865During the year ended Oct. 31—

1866-991900190119021903190419051906 _ _19071908 _ _ .19091910191119121913191419151916 _1917191819191920

Amount

$175,490.00

1,789,185,225. 0071,065,968.0090,848,100.00

107,222,495.00140,306, 990. 00167,118,135. 00195,194,785.00191,102,985. 00197,932,847. 00231,128,140. 00326, 622,845. 00359,496,000. 00409,835, 965. 00428, 399, 608. 00426, 282,840. 00435, 904, 280. 00362, 551,125. 00351, 374, 597. 00298,468,107.00236, 296, 660. 00QQA iflfl cc r An424, 542, 837. 00

Date

During the year ended Oct. 31—Continued.

19211922192319241925192619271928192919301931193219331934

Total-Additional amount of insolvent

and liquidating national-bank notes destroyed

Gold notes

Grand total

Amount

$570,887,902.00537,153, 570.00542,194,707.00522,241,817.00470, 950,865.00487,254,340.00475,920, 522.00517,236,465.00492,160, 200.00645, 640,640.00433,315, 240.00341, 314,325.00346, 712, 255. 00339, 901, 582. 50

14, 294,047,009. 50

1,577,010, 516. 503,390, 560. 00

1 15, 874, 448, 086. 00

i In addition, $46,115 destroyed in transit.

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

Year endedOct. 31—

1914191519161917191819191920192119221923192419251926192719281929 i193011931193219331934

$818, 227,830364, 049, 710356,300, 750325, 570, 430260,155,140356, 738,100456,046, 770603, 301, 700569,444,140569, 856, 070550,498,910492,110, 950509,464,360506,131,540542,913, 470517, 573, 245683, 508, 845457,163, 430545,467,800503, 608, 395410, 438,130

[For prior years, see report for 1920, vol. 2

Active banks

$435, 904, 280362, 551,125351,374,597298,468,107236, 296, 660330,106, 555424, 542, 837570, 887,902537,153, 570542,194, 707522, 241, 817470, 950, 865487, 254, 340475,920, 523517, 236,465492,160, 200645, 641, 640433, 315, 340341, 314, 705346, 712, 265339, 901, 595

Destroyed

Insolventand liqui-

dated banks

$20, 246,418342,807, 35259,026,80438, 901, 59520, 238, 71724,864, 63519, 794, 54020, 417, 02513, 688, 63017, 586, 75026,654, 56882, 442, 85535, 085, 34226, 925, 35527, 663, 50526, 022, 68432, 927, 84027, 772, 33240, 743, 43358, 070,135

125, 514, 535

Total

$456,150, 698705, 358,657410,401,401337, 369, 702256, 535,377354,971,190444,337,377591, 304,927550,842, 200559, 781, 457548,896,385553, 393, 720522, 339, 682502,845, 878544,899, 970518,182,884678, 569, 480461,087,672382, 058,138404, 782,400465, 416,130

p . 51]

Total out-standing

$1,121,468,911781, 268, 793726,069,290716,276,375721,471,137722,394, 325732, 549,629743, 288, 847760,679,187772,606, 269774,281,624713, 802, 744700, 714, 532702,992, 694700,152, 454700, 328, 815700,155,900669, 969, 441863, 075,900961, 548,135907, 392,088

Percentdestruc-tions,active

banks toissues

53.2799.5998.6291.6890.8392.5393.0994.6294.3395.1494.8695.7095.6494.0395.2795.0894.4594.7862.5768.8482.81

Percentdestruc-tions toissues

55.75193. 75115.18103. 6298.6199.5097.4398.0196.7398.2399.73

112. 45102. 5299.35

100.36100.1199.27

100.8569.9180.37

113. 39

i New series included.

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Page 292: Annual Report of the Comptroller of the Currency 1934

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

National-banknotes

Federal Re-serve bank

notesFederal Re-serve notes

United Statescurrency Total

1933JulyAugustSeptemberOctoberNovemberDecember

1934JanuaryFebruaryMarchAprilMayJune

Tota l—.

$39, 286,122. 0042, 603, 242. 5040,004,069. 0041, 305,119. 0036,078, 722. 5035,136,980. 00

45,023,201.0033,361,041.0038,826, 636. 0037,074,128. 0041, 592, 033. 0040,174,996. 00

$821, 7851, 470,0072, 238, 8502, 749,3793, 541, 9624,438,813

6, 602, 3434, 930, 8156, 60S, 9826,341,8846, 032,1876, 059, 619

$4, 545,1353, 656,9803,475,6608,892,9253,180,8454,070, 575

4, 340, 2954, 277, 2603,485,4553, 479,8803, 474,1053, 216,935

$8, 343. 856,478. 555, 478. 5610,002. 065.871. 007,712.50

13,886.183,251.003, 793.903,320.404, 719.164,903. 50

$44, 661,385. 8547, 736, 708. 0545, 724,057. 5652, 957,425. 0642,807,400. 5043, 654, 080. 50

55, 979, 725.1842, 572, 367. 0048, 924,866. 9046,899, 212. 4051,103, 044.1649,456,453. 50

470,466, 290. 00 51,836, 626 50,096, 050 77, 760. 66 572,476, 726. 66

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Page 293: Annual Report of the Comptroller of the Currency 1934

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

Total . . . .

Redeemed on retirement account:Salaries.. . . . . . -. .Printing, binding, and stationeryContingent expenses . . .InsurancePostage .-- . --. .

Total

Aggregate.

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

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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]

Year

1864-18821874-18821883-1911191219131914

1915

1916191719181919192019211922192319241925192619271928

1929_ _.__

19301931193219331934

To ta l - .

Semiannualduty on

circulation

$52,253, 518.24

62, 595,336. 733,690,313.533,804,762.293,889,733.17

/ 2 3,901, 541.18\ 2,977,066.73

3, 744,967.773, 533, 631. 283,656,895.343,627,060.803,706,901.153,806, 590.023,941,461.174,030,336. 304,063,708. 323,661,819.453, 277, 512.903,253,461. 973,234,240. 29

3,441,152. 95

3,248,327.853, 242,977. 923,175,189. 243, 415,840. 634,518,904.84

201, 693, 252. 06

Cost of re-redemption ofnotes by the

United StatesTreasurer

$1,971, 587.105, 269, 078.81

505, 735. 21517,842. 93529,013.36

} 498, 328. 60

450,150. 22420,160.42412, 785. 92528, 424. 24974,058.11

1,115,146. 00594,168. 70514,598.55527, 979. 90459, 790. 43494, 470. 91467, 411. 42465, 080.16

461, 375. 92

642, 676. 54445, 683. 09424, 431. 75424, 963. 21422,391. 83

19, 537, 333. 33

Assess-ment forcost ofplates,

newbanks *

$821,11622, 74028, 56011, 560

16,660

10,0859,200

16,77015,60031,85031,07018,24423,46418, 75612,68222, 94822, 61820,890

/ 15,792I 3,930

2,2863,1746,762

11, 27015, 364

1, 213, 385

Assess-ment forcost ofplates,

extendedbanks

$473, 29528,19019,8058,500

13,855

9,7006,000

11,12015,34028, 99082,16052, 7805,8503,5564,456

763, 597

Assess-ment for

cost ofplates,addi-tional

or dupli-cate

$4,1306,9756,300

11,175

3,4206,4609,1007,590

20, 77012, 67017, 22625, 26231, 3884,404

30, 56437,92421,728

17, 914

129636

275,144

Assess-ment foradding

signaturesto plates,

etc.i

$493.00841. 00773. 00591. 00

1, 610. 001,110.001, 229. 89

/ 1,322.301 54.00

8, 280. 0011,079.0011,028.0011,181. 0011, 256. 00

60,848.19

Total

$52, 253, 518. 241, 971, 587.10

69,158,820. 544,251,108.744, 377, 945.224, 445,106.53

7, 418,626. 51

4, 218,322. 993,975.451.704,106,671. 264,194,015.044, 762, 569. 265, 047,636.024, 624, 372.874,600,351.854, 646,161. 224,143, 742.883,827,105.813, 782, 525. 393, 743,168. 34

J 3,941,541.17

3,901,570.393, 702, 914.013, 617.422. 993, 863,350. 844, 967, 952. 67

223,543,559.58

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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Page 295: Annual Report of the Comptroller of the Currency 1934

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

[In thousands of dollars]

DateFederal Ee-serve notesoutstanding

Collateral security

Gold* Eligiblepaper

UnitedStates

Govern-ment

securities

Excesscollateral

Nov. 1 ___.Nov. 8Nov. 15Nov. 22Nov. 29Dec. 6Dec. 13Dec. 20Dec. 27

1934Jan. 3Jan.10Jan. 17Jan. 24Jan. 31Feb.7Feb. 14Feb. 21.._Feb. 28Mar. 7Mar. 14Mar. 21Mar. 28Apr. 4Apr. 11Apr. 18Apr. 25May 2May 9May 16May 23May 30June 6June 13June 20June 27July 3July 11July 18July 25Aug. 1Aug. 8Aug. 15Aug. 22Aug. 29Sept. 5Sept. 12Sept. 19Sept. 26Oct. 3Oct. 10Oct. 17Oct. 24Oct. 31

3,230,3523.239, 5323.240, 6013,235,0083, 264, 8913,301,9813, 314,4623, 369,1093, 363,184

3,344,1223,291,0533, 228,0433, 202,0073,180,9433, 200,8443,204,1503, 223,4913, 224, 6443, 250,0403, 244,2803, 249,8293,250, 3983, 310,9693, 304,8603, 309, 7083, 310, 5323, 323, 3593,345,1383,337, 6863, 332, 5113,330,0833,359,6013,351, 5193,348, 7033, 338,3103,376,1933,392,3263,387, 6393,376,0823, 376,1623, 388, 5443, 389,8133,393,6503, 392,4993,416,3573,436, 6033,435, 0553,427, 5823,448, 3303,471, 5893,474, 7573,459,1913,443, 685

2, 638, 5612, 637,1262, 630, 2542, 627, 7792, 618, 2542,611,8642, 617,9342, 599, 9892, 595,043

2, 618,1242, 599,8952, 567, 3172, 541,8182, 516,3172, 541,8182, 573, 3182, 663,3182, 765,3182,840, 6182,897,1182,884,1522,875, 2182,924,3453,042,8963,003,4712,989, 2712, 983, 2713.013, 7713,021, 7713.014, 7713,004, 7712, 999, 7713, 076, 7713,102, 8713,073, 6563, 093,6563,115,1563,113, 6563,118, 6563,098,1563,134,1563,125, 6563,131, 6563,130,6563,145,1563,189, 6563,187, 4163,175,9163,177, 4163,194, 4163, 214,4163, 214,4163, 224,416

74,49171,08978,40584, 61096, 276131,210188,900184,456177,422

185,060176,081174,952165, 201158,736137,328122, 358110,00095,14975,42663,03056,47154,14847,06834,41829, 33225, 29622,15118,87516,44017,00918,87115, 27115, 67216, 24515, 72518, 07111, 62612, 45711,02610,83110, 26310, 2509,623

10, 68513,12012,85211, 78810, 6629,4148,1908,4497,9619,238

572, 000580, 000562, 600573, 600597, 600616,000585,000644,000639,000

601,100564, 500563,100558,800570,100561,100548,100496,100412, 800376,000326,400346, 700351,700376,000275,400313,400331,400355,400349, 300341, 300352,300364, 300375, 300302, 700267, 000292,000305,000302, 000309, 000293, 000297,400281,500294, 500289, 500296, 000296,000278,400292, 300298,800304,800292, 400294,400294, 800277, 800

54, 70048,68330, 65850,98147, 23957,09377, 37259, 33648, 281

60,16249,42377, 32663,81264,21039, 40239,62645,92748,62342,00442, 26837.49430,66836, 44447,85436.49535,43537,46336,80841,82551, 56957,85930, 74143, 62437, 41343,07140, 53436, 45647,47446, 60030, 22537,37540, 59337,12944,84237,91944, 30556, 44957, 79643, 30023,41742, 50857, 98667, 769

* 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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Page 297: Annual Report of the Comptroller of the Currency 1934

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

Total receivedTotal destroyed

$451,072,9551,484,615, 240

518, 033,450365,090,420229,127,440271,051,370821,929,425207,948,080145,739,935218,816,305142, 243, 790457,862 190

5,313, 530, 6005, 313, 530, 600

$695,821,3201,761,718,590564,780,470437,157,400274,411,410311,932,190845,031,940214, 272,730142,866,580163,761,770129,407,910412,933,030

5,954,095,3405,954,095,340

$513, 259,9801,169,018,080599, 576,580766,926,340337,204,100316,174, 540930, 563,360213, 557,000130,408,880181,956,960136,465, 700711,592,220

6,006, 703, 7406, 006, 703,740

$52,133,150259,893,450184, 418,950297,270,20082,427,40042,695,050197,746,00028,195,9507,854,90018,385,65010, 659,65067,131, 550

1, 248,811,9001,248.811,900

$71,774,600303,744,40062, 684, 60065, 656,80041,137,20046,482, 20086,737, 50018,313,10011,646, 50025,022, 20012,133,100104,442,900

849,775,100849,775,100

$6,685,00061,904,0003,343, 5007,592,5001,995,50012,956,00014,697, 5003,309,5001,947,5003,476,0002,147, 5009,948, 500

130, 003, 000130, 003, 000

$20,456,000122,957,00013, 295,0008,553,0008,291,00040,169,00018, 248,0004,153,0002, 669,0004,211,0004, 316, 00021, 209,000

268, 527,000268, 527, 000

$3,985,0007,985,000

1,980,0002,000,000

3,930,0002,000,000

13,985,000

35,865, 00035,865,000

$8,010,00015,910,000

3,970,0004,000,000

4, 000, 000

19,750,000

55, 640, 00055, 640, 000

$1,823,198,0055,187,745,7601,946,132,5501,954,196,660980,594,050

1,041,460,3502,918,883,725695,749,360443,133,295615, 629,8S5437,373, 650

1,818,854,390

19,862,951,68019,862,951,680

MUTILATED FEDERAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED SINCE ORGANIZATION OF BANKS AND ONHAND IN VAULT OCT. 31, 1934, 1928 SERIES

BostonNew York . . ._Philadelphia.Cleveland..RichinondAtlantaChicagoSt. Louis . . - _. . .MinneapolisKansas CityDallasSan Francisco

Total receivedTotal destroyed

Balance on hand

$103, 415, 655275,146, 695145,132,860103, 630, 605

57, 044, 56580, 336, 610

166,227,31096, 771, 87028,152,11538, 733, 79021, 749, 295

107, 798, 460

1,224,139,8301, 220,440, 330

3, 699, 500

$240, 371,880440,199, 760185,853, 040155,940,660

98, 498, 45073,836,080

241, 455, 30080, 258, 24036, 350,96053, 041, 30031, 617, 91082, 273, 080

1, 719, 896, 6601, 713,968,410

5, 728, 250

$92, 684,980195,320,160110,877,580142, 242,840

82, 568,80045, 059, 760

133, 296, 20045, 690,86023, 469, 50044, 436, 00024, 888, 96090, 415, 520

1,030,951,1601, 027, 678,860

3, 272, 300

$8,178,15028. 521,85037, 536,10020, 556, 70013, 521,300

7, 601, 85031, 378, 250

3, 223, 9501, 097, 8002,808, 7501, 235, 4005, 688, 250

161, 348, 350160, 988, 700

359, 650

$10, 501,80026,856, 20010, 882, 300

5, 233, 6008, 527, 0009, 343,800

12,119, 2003, 806, 6001, 918, 8004, 021, 6002, 290, 3009, 416, 600

104, 917,800104, 658, 500

259, 300

$814, 0006, 331,000

850, 5002, 534, 000

342, 5003, 663, 5001, 322, 500

227, 000289, 000

1, 572, 500291, 000403, 500

18, 641, 00018, 574, 000

67,000

$1, 798, 0009, 380, 0001, 498, 0004, 0(35, 0006, 268, 0005, 434,0005, 561, 000

317, 000378, 000

2,491,000364, 000699, 000

38, 253, 00038, 055, 000

198,000

$40, 00050, 000

75, 00070,00035, 00045,000

70, 0005,000

390, 000390, 000

$40,000270,000

190,000180, 000

20, 00010, 000

710, 000710,000

$457,844,465982, 075, 665492,630,380434,468, 405267,020, 61522,5, 310, 600591, 404, 760230, 295, 520

91, 656,175147,194, 94082,451,865

296, 694, 410

4, 299,047,8004, 285, 463,800

13, 584, 000

2

9

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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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Page 299: Annual Report of the Comptroller of the Currency 1934

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

VAULT BALANCE OCT. 31, 1934

Total printed_ . . . . _Total shipped

Total on hand- _-_ _._

Fives

$126,300,00072,860,000

53,440,000

Tens

$216, 720,000118, 720,000

98,000,000

Twenties

$269, 280,000143, 920,000

125, 360,000

Fifties

$138, 600,00061, 400, 000

77, 200,000

One hundreds

$160,800,00064, 000,000

93,800, 000

Total

$911,700,000460,900,000

450,800,000

ISSUED, RETIRED, AND OUTSTANDING, OCT. 31, 1934

Total issuedTotal retired

Total outstanding

$64,985,00048, 691,500

16, 293,500

$79,917,00042, 553,150

37, 363,850

$87, 382,00041,280,200

46,101,800

$19,415,00010,976,950

8, 438, 050

$33, 200,00015,905, 300

17, 294, 700

$284,899,000159,407,100

125,491,900

MUTILATED FEDERAL RESERVE BANK NOTES,

BANKBostonNew YorkPhiladelphia _. _.ClevelandRichmondAtlantaChicago _ . _ _ _ _St. LouisMinneapolis _ _ _ _ _ _Kansas CityDallas _ __San Francisco

Total receivedTotal destroyed __

Balance on hand -._

BY D E N O M I N A T I O N S , R E C E I V E D A N D D E S T R O Y E D S I N C E O R G A N I Z A T I O N OFON H A N D I N V A U L T OCT. 31, 1934

$5, 064, 7502,884,4006, 223,7004, 683,400

1,711,4007,483,050

935,3001,091,0501,228,6001, 413,2001,043,900

33,762,75033,486,950

275,800

$1,258,1505,967, 9502, 083,2502,380, 800

605,2001,595,0002,495,3003,790,950

250, 6002,041,3001,196,150

746,500

24,411,15023,994, 650

416, 500

$2, 871,0005,732,1001,012, 8001, 260,7001,334,400

705,4001, 442,300

39,400277,600610,300

1,177, 200723,000

17,186, 20016, 868, 800

317,400i

$1,015, 300

112,800

35,850

1,163,9501,138,850

25,100

$621,100

62,500

186,400

64,800

934, 800912,300

22, 500

BANKS, AND

$9,193,90016,220,8509,319,7508,500,2001,939,6004,011,800

11, 607,0504,765, 6501,619,2503,880,2003,887,2002, 513,400

77,458, 85076,401, 550

1,057,300

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Page 300: Annual Report of the Comptroller of the Currency 1934

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 __

Organization

Char-terno.

839621311696871612176106046502282330872819

727410399878176299982427911264652524081073997472790116235866

122779377112861225049212363

Date

Jan.Apr.Apr.MayApr.Aug.Nov.Nov.Nov.May

MayApr.JuneFeb.Jan.Feb.Nov.Oct.Jan.MayMar.Sept.Feb.May

30,18657,19025,19203,1907

17,192224,191419,190214.188215.188319,1882

9,190430,19133,190713.190531,191113,18907,191814,190225,18797,191523,191025,18825,192018,1901

Nov. 8,1922Mar. 23,1909Dec. 28,1918Aug. 10,1922Apr. 22.1893May 5,1877Dec. 20,1905

Capital

$150,00035,000

150 00035,000

200,00050,00025,00050,00050,00050,000

100,000200,00050,00025,00050,00075,00025.000100,00050,00030,000100,00050,000200,00025,000

100,00050,00030,000200,00050,00050,000

100,000

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$597,75031, 500

7,700

5,00032,500240,500270, 500166,350

485.00057,00044,75085,73726,000

139,04816,250

716,000444, 50011,400

167,000401,00066,00081,250

12,00077,4776,400

28,000226,500417,000206,000

Failures

Capital

$200,00050,000

150,00035,000200,00050,00025,000150,000100,00065,000

300,000200,00050,00035,00050,000100,00050,000400,000100,00030,000150,000250,000200,00050,000

200,00050,00050,000200,000100,00050,000

100,000

Receiverappointed

Dec.Aug.Sept.Jan.Jan.Dec.Jan.Jan.Feb.Mar.

Apr.MayJuneOct.Jan.Feb.Mar.Apr.MayMayMayJuneOct.Oct.

12,190629,191423.19224.1923

31.192326.19232.1924

24.19249.1924

14,1924

12,192422,192410,192423.19248,1925

11.19253.1925

17,192514,192516,192522,192524,19251,1925

10,1925

Nov. 7,1925Nov. 25,1925Dec. 5,1925Jan. 16,1926Jan. 18,1926May 13.1926June 4,1926

Lawfulmoney

deposited

$100,00050,000

33,90091,50025,00024.70074,25098.50029,000

124, 500

39,00032.40012, 50079,50050.000

200.00098,4008,800

124,000

24, 600

48, 50025,000

93,20020,00040,000

Circula-tion out-standingat date

of failure

$100,00050,000

33,90091,50025,00024,70074,25098,50029,000

124, 500

39,00032,40012,50079,50050,000200,000

8,800124,000

24, 600

48,50025,000

93,20020,00040,000

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

$1,126,04521,05894,108

110,000484, 36143,91247, 595

583,120370,382667,305

805,805107,368667,305157.73316,076

89,403998,86970,00072,847

318,438402,890376,954113,171

263,720115,266100,130

104,306367,006201,365

Totaldeposits

at date offailure

$1,131,990365,125512.069232,905

2,026,264334,505241,585

2,215,436682,058

1,307,918

3,506,398569,079

1,307,918175,14082,590

1,073,294604,024

1, 418,5191,724,366199,987

1,175,8141,889,0854,318,064418,618

2,122,001290, 520341,515

2,318,247739,072635,983419,317

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

Page 301: Annual Report of the Comptroller of the Currency 1934

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

Footnotes at end of table, p. 331.

107255946612469884928

10352

10681647331121112263126462224711613674774387914716161281829

6954757643097132

10818284010978102074638109994267658251281286355001227044035551638193356260

9504

Apr. 7,1915Aug. 6,1901Jan. 31,1902Mar. 21,1903May 29,1893

Jan. 4,1913

Dec.Oct.Dec.Dec.JuneAug.Feb.Feb.Apr.JulyAug.Feb.Jan.May

26,191416,190226,188317,19179,1902

29.19029,18759,1920

18.19037,1904

29,190513.190422,190211.1871

Sept. 22,1903Aug. 1,1903Jan. 20,1905Mar. 31,1890Feb. 2,1904

Dec.Nov.Mar.MaySept.Nov.Jan.Dec.MayDec.JulyNov.Aug.JulyJulyDec.Apr.JulyJan.July

30.191514,188229,19171,19127,189121.191615,18909,190223,189822,19259,19003,19229,18906,19008,190226.190829,19028,190927,191027.1909

25,00025,00025,00025,00080,000

100,000

100,00025,00050,00025,00025,00050,00050,00025,00025,00025,00025,00025,00050,00050,000

25,00025,00050,000

300,00050,000

25,00050,00025,00050,00050,00025,00050,00040,00050, 000300,00025,00025,00050, 00025,00025,000100, 00025,00025,00025,00040,000

15,50098,05042,50026,000199,200

26,000

82,000118, 797206,81714,60035,00083,050272,0006,000

54, 50037,000170,05070,250110,000272,050

29,00064,50061,000

1,320,000171, 000

43, 750296, 5002,750

138, 000126, 000

1,565, 00073,350

234, 60090,00084,250

297,354128,86171, 290145,500202,50015,000112, 25050, 000

25,00050,00025,00025,00075,000

100,000

100,00050,00050,00050,00025,00050,00050,00025,00025.00025,00085,00025,00050,00050,000

25,00050,00050,000

300,000100, 000

50,00050,00025,000125,00050, 00050, 000500,00050,00050,000200,00025, 00025, 000200, 00050,00025, 000100,00050,00025,000300,00040,000

July 23,1926do

Aug. 20,1926Sept. 4,1926Sept. 10,1926

Sept. 23,1926

Oct. 18,1926Nov. 15,1926Nov. 29,1926Nov. 30,1926Dec. 1,1926Dec. 3,1926Dec. 10,1926Dec. 17,1926Jan. 4,1927Jan. 21,1927Jan. 31,1927Feb. 10,1927Feb. 18,1927

do

Feb. 21,1927do

Mar. 7,1927Mar. 26,1927Mar. 31,1927

MayMayMayJulyJulyAug.Aug.Nov.Dec.Jan.Jan.Jan.Feb.Mar.Apr.Apr.Apr.JulyJulyAug.

17,192725,192728,192719,192728,192715,192717,192721.19271.19274.19286,192816.192824,192826,19283,192819,192825,19283,192824,192822,1928

15,0006,250

24, 50074,550

97,60038, 50049,50048,30024, 70049,20012, 500

15,40024, 99748, 60020,00049,39846,900

24,50048,40048,10050,00094, 200

49,600

123, 20037,498

50,00049,300197,99724, 745

24, 70024, 30098,20025, 00025,000

39, 700

15,0006,25024,50074, 550

97,60038,50049,50048,30024, 70049,20012,500

15,40024,99748,60020,00049,39746,900

24,50048,40048,10050,00094,200

49,600

123, 20037,498

275,00050, 00049, 300197,99724, 745

24, 70024,30098, 20025, 00025, 000

39, 700

74,59618,37127,65981,099

229,029

64, 518103,83092,22514,20886,64145,41534,87561,8085,300

47,08737,205117,049

26,15028,180

301, 75493, 312

24,684

25,88557,52114,400

58,55830,499526, 738

48,673240, 56439, 27618,950199, 88798,48438,934

1, 226, 48573, 050

251,640195,852171,508216,250

1,446,671

1,128,135

719,644332,973599,132107,658128,672976, 522231,793100, 507265,030252,056273,196162,825887,404581,948

310,068359,940366,597

1,010,834

396,354866 808219,524529, 744481,798763,199

4,080,072550,814233,446721,845172,443185,768

2, 242, 061325,911205,349910, 884548,130173,74010, 741

267, 232

fcOCO

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Page 302: Annual Report of the Comptroller of the Currency 1934

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

106366374714599999342998483657901793071423019

256963461026697964044

712037314221572610826105121046710691305362867934130598448601612474554112090

Oct. 2,1914May 3,1902Jan. 24,1904Apr. 14,1911Feb. 4,1909Mar. 24,1911Aug. 2,1906Aug. 7,1905May 10,1905Jan. 11,1904June 2,1883

Aug. 13,1881July 2,1902Aug. 15,1912May 18,1910May 4,1889

Jan.JuneJan.Feb.Feb.Apr.Dec.Jan.JulyMayAug.Apr.Oct.Aug.Dec.JulyDec.

14.190414,188717,18907,190110,19166.19141,19137.191518,188326,190215.19055,192712.19068,19018,19237,190027,1921

$75, 00050,00025,00050,00025,00040,000250,00030,00025,00025,00080,000

50,00025,00025,00040,000100,000

100,00060,00050,00025, 00025,00025,00025,00050,00050,00025, 00042, 00060, 00025, 00025,00025,00025,00050,000

$114,000461,00076,30098, 50054, 50075,000701,00087,30024,00085, 250208,400

172, 50031, 25026,50064,600

2, 720,000

71,000231,600146,000123,000104,00049, 37522, 50039,000172,50048, 500154,880

65,000

6,00062,12533, 500

$75,000200,00050,000100,00050,00050,000

500, 00050,00025,00025,00080,000

150,00025,00025,00040,000

1,000,000

100,00060,00050,00030,000100,00050,00025,00050,00050,00025,00050, 00060,00025,00050,00025,00025,000

100,000

Aug. 29,1928Sept. 24,1928Sept. 27,1928Nov. 2,1928Nov. 14,1928Nov. 21,1928Nov. 26,1928

doDec. 7,1928Dec. 10,1928Dec. 14,1928

Dec. 24,1928Dec. 31,1928Jan. 10,1929Jan. 12,1929Jan. 18,1929

Jan. 19,1929Feb. 9,1929Feb. 13,1929Feb. 15,1929Feb. 18,1929

doFeb. 20,1929Feb. 21,1929Feb. 23,1929Mar. 5,1929Mar. 14,1929Mar. 15,1929Apr. 10,1929Apr. 13,1929M a y 2,1929

doMay 4,1929

$65,000100,00040,00085, 50050,00050,000

49,30024, 99525,00050, 500

109, 99524,5506,25039, 350

880,800

100,00060,00039, 44829,45016, 25022,0006,050

12, 50021, 50025, 000

25,00025,000

$65,000100,00040,00085, 50050,00050,000

49, 30024, 99525,00050,500

109,99524,5506,25039, 350

100,00060,00039, 44829, 45016, 25022,0006,050

12, 50021, 50025,000

25, 00025,000

$638,851101,990118, 72834, 36344, 545

1, 673,00025, 7806,19854,884174,130

170,0026,56213,94278,140

1, 239, 500

68,00060,00024,000115,800

61,81838,492

199, 616

7,000 7,000

18,422105, 67323,04725, 50861, 651

$465, 247893, 686457, 596600, 598253,116461,419

7, 690, 486804, 491185,804269, 217425, 318

1, 896, 45060,49038, 205150, 689

7, 500, 236

1, 018, 391525,118558, 579313,914345, 432455, 591181, 685411, 262154, 787163, 618231, 649701,11860, 358498, 265212,659194,631390,452

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Page 303: Annual Report of the Comptroller of the Currency 1934

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.

981112983945311311130533673133093622184412852

812496573798346250078482296110055546735791329896336557116981214676221321380281189989101026362425909533712371598065511211010991799150649386106161143351491076666015519

11166

JuneAug.JuneFeb.Mar.Apr.Apr.Dec.MayNov.

Feb.Jan.Apr.Feb.JuneNov.MayJuneMayOct.Mar.Nov.Dec.Apr.Jan.Feb.MayDec.Dec.Sept.Aug.Apr.JulyApr.MayAug.Nov.Jan.Apr.Nov.Mar.Nov.Apr.JulyOct.JulyJan.JulyMar.

9,191017,192614,190918.19199,19274,18871,192923.18866,187117,1925

1.19065,191019.188716,18866,189510,190621,188330.191122,19009,188618,192927,19099,192319.192016,19223,190512,192822,190621,19204.190728.191218,19026,190116.19003,192328.190117.190216,192211,19176,190511,18976.190821,191415,1919

14,191515,190314,190028,1918

50,00050,00045,00025,00050,00050,000200,00059,00050,000100,000

25,00050,00050,00050,00050,00035,00050,00050,00030,00075, 000150,00025, 00025,00050, 000

200, 00025,00050, 00025,00025,00050, 00050,00025,00050, 00025, 000300,00025, 00030,000200, 00025,00025, 00050,00025, 00025,00050,00050,00025,00025,00025,00025,000

206,0003,000

123, 750

228, 000

286, 380705, 500

29, 00085, 500241,225807,900127, 50018,900191,00066,500156,000657, 290

9,09486, 500

54, 00083, 250

127,0003,50064, 82534, 000137,000798, 68367, 270237, 36990, 750151, 50020, 00014, 59061, 000380,00051, 7508,5009,000

219, 07523,250101,750100,1008,750

100,00050,00090,00025,00050,00050,000200, 000100,000100, 000100, 000

25,000100,000150,000130,00050,00035,00050,00050, 00050,000200, 000150,000100,00025, 00050,000200,00025, 00050,000100, 00025,000100, 000100, 00025, 000400,00035, 000500, 00050, 00050, 000100, 00025, 00050, 000150, 00025, 00025, 00050,00050, 00025,00025,00040,00025, 000

M a y 15,1929do

M a y 22,1929June 3,1929June 14,1929June 25,1929June 28,1929July 1,1929

do-_.July 2,1929

July 3,1929July 12,1929July 15,1929July 25,1929July 30,1929Aug. 14,1929Sept. 16,1929Sept. 23,1929Sept. 25,1929Oct. 18,1929Oct. 26,1929Nov. 18,1929Dec. 10,1929Dec. 13,1929Dec. 30,1929

doJan. 7,1930Jan. 8,1930Jan. 10,1930Jan. 13,1930Jan. 18,1930Jan. 22,1930Jan. 30,1930

do...Feb. 4,1930Feb. 5,1930Feb. 11,1930_. do

doFeb. 17,1930

doFeb. 20,1930Feb. 25,1930Feb. 27,1930Mar. 4,1930Mar. 6,1930Mar. 8,1930

doMar. 10,1930

44,400

70,45098,600

100,000

130,00049,00023,40048,85049, 05049,60098, 55023,90025,00025,00050, 000

7,000

12,5008,32086, 07544,9006,250

9,980484,94024, 46012, 500100, 000

12, 78037,4976,50025, 00050,00045,98024,4006,07039, 280

44, 400

70, 45098, 600

100, 000

130,00049,00023,40048,85049,05049,60098, 55023,90025,00025,00050, 000

7,000

12, 5008,32086, 07544,9006,250

9,980484, 94024,46012, 500100, 000

12, 78037,4976,500

25, 00050,00045,98024,4006,07039, 280

159,15052, 67573, 65634, 98875, 26320,000494, 531298, 50784,118

28, 063232, 710192,183623,19774,11025,889

40,18391, 625285,920328,10372, 45616,67861,920145,00057, 475366,11353,08315,00088,86293,396

303, 57067,265

1,171,16145,933

13, 51311,858170, 00016,84217,114

31,841

21,79258,01042,105

1,907,478289,053840, 213185,954164,094163, 380

1,046,039414, 340

1,108,313704,440

46, 7631, 255, 2871,713,4861, 649,3121,167, 522127,145496,376315,831457,555

1, 023,4371,472,945353,17960,923159, 202927, 503251,187487, 75284,378157, 319311, 827465,914284, 431970, 705264, 580

6, 362, 097247,828153, 397504, 08357, 625131, 706

1, 261,84481,303208, 091310,857348,967323,469119, 090319, 205166,496

Footnotes at end of table, p. 331.

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

Page 304: Annual Report of the Comptroller of the Currency 1934

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

790611259449910711825871216641673480768350121063118767277577027773071513235132611286682985585640811473109391076864528190198466491294654791108398985685

Aug. 24,1905Oct. 28,1918Jan. 1,1891Feb. 10,1915May 28,1906Jan. 4,1904Feb. 6,1903Apr. 14,1903Jan. 24,1906Aug. 10,1906Jan. 17,1922Jan. 3,1884Mar. 6,1905Jan. 17,1905Sept. 16,1903Apr. 26,1905Jan. 12,1904June 19,1884Nov. 12,1928Nov. 25,1925June 9,1906Sept. 13,1900Aug. 9,1902Sept. 29,1919Dec. 18,1916Aug. 12,1915Sept. 12,1902Feb. 21,1906Mar. 20,1872Apr. 4,1902May 5,1926June 11,1900Sept. 1,1917Oct. 10,1910Jan. 5,1901

$25,00025,000

100,00050,00025,00050, 00025,00050, 000

100,00050,00050,00055,00025,00030,00050,00025,00025,00050,000

100,00025,00025,00025,00050,000

200,00030,000

100,00025,00025,00060,00025,000

200,00025,00025,00025,00025,000

$52,75017,000

659,75027, 000

85,00075,250

133, 500114,00088,5002,500

181,95025,50049, 085

152,000927, 75047,500

235, 7508,0006,000

65,50059,00026,50018, 0006,000

185,000170,00027,000

383,400113,000

70,7505,000

41,00051,750

$25,00025,000

250.00050,000

100,000100,00025,000

100,000100,000100,00050,00050,00025,00030,000

100,000600,00025,00050,000

100,00025,00025,00025, 00050,000

400,00030,000

100,000100,000

25, 000100,00050,000

200,00025,00025,00075,00040,000

Mar. 12,1930Mar. 13,1930Mar. 14,1930Mar. 17,1930Mar. 18,1930Mar. 20,1930Mar. 24,1930Apr. 1,1930Apr. 9,1930Apr. 12,1930Apr. 19,1930Apr. 22,1930May 1,1930May 13,1930May 16,1930June 9,1930June 11,1930June 12,1930June 20,1930June 25,1930June 30,1930July 1,1930July 3,1930July 7,1930July 9,1930July 21,1930July 31,1930Aug. 4,1930

do.do.

Aug. 8,1930Aug. 12,1930Aug. 22,1930

doSept. 5,1930

100,00048,920

47, 8406,300

100,000

49,160

24,46025,00029,040100,000

25,00050,00048,438

25,00024,58050,000200,00010,00098,920100,00025,00058,74025,000

8,00024,70075,00025,000

$23,860

100,00048,920

47,8406,300

100,000

49,160

24,46025,00029,040100,000

25,00050,00048,437

25,00024,58050,000200,00010,00098,920100,00025,00058,74025,000

8,00024,70075,00025,000

$31,18123,190270,0004,900

100,00057,66228,807111,260100,00089,01967,000247,49124,40832,39090,353929,72512,00050,00086,52321,19417,89346,810

470,00033,832485,000224,700

198,547112,776

33,89534,92015,000

$167,69227,152

5,046, 248145,924

400,926272,906664,920

458,910259,857469,076256,931161,344988,433

4,336,700112,492

1,381,383764,122120,624152,358173,782747,648

3,348,72598,545

1,599,4822,582,278140,908906,948480, 275586,763131,813159,497676,769314,987

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

Page 305: Annual Report of the Comptroller of the Currency 1934

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_.

Footnotes at end of table, p. 331.

58778916927971596327107035670672112045276678654958105851196054407209

37521208346485312933812418877212658647468858216107349274112491744613610853110469632913376064502451045631547760264999665812581805901108598135

MayOct.Nov.Feb.JuneFeb.Dec.Mar.Nov.MayJulyMayJulyAug.Apr.Mar.

JuneAug.Oct.Apr.Dec.JulyMayMar.Oct.Apr.Apr.Apr.Oct.Aug.Nov.Jan.Apr.JulyDec.Mar.Jan.Dec.Aug.Apr.Aug.Feb.Nov.Dec.Feb.Apr.JuneMayFeb.

24.19011.19072.190815.190419.19024,19154,190017.190312,192129,188211.190514,189410.19147,192019,190028.1904

7,188724,192113,189123.190012,19083,192315.19077,192524,19024,190310.190621.191528.190817,19187,187011,190217.19166,191720.190914.190831.190527,189019.189024.189126,18654.190519,190215.190916.19063.190622.190116,191628,1906

100,00025,00025,00030,00025,00040,00030,00025,00030,00050,00025,00050,00050,00050,00025,00025,000

100,00025,000100,000

1, 645,00025,000200,000300,00025,00025,00030,00025,00050,00025,00030,000100,00025,00025, 00025, 00025, 00025, 00025, 00050,000100, 000100, 00050, 00025,00060, 00025, 00030, 00025, 00025, 00050, 00060, 000

877,00024,50032,500214,80096,25044,20061,50054,1255,000

400,500125,500194,500155,0001,500

113,75039,500

450,8907,500

1, 607,3039,885,550

22,75050,000154,5003,75041,00054,40093,75071,00031, ̂ 509,600

525,000210, 25024, 75025,00045, 000

40, 085378, 000631, 500203, 500

2, 090, 00055, 500162, 40037, 25085, 20028, 00059, 25035, 000179, 400

500,00025,00025,00060,00025,00040,00030,00025,00025,00050,00050,00065,00075,00050,00050,00025,000

500,00025,000750,000

4,000,00025,000200,000200,00025,00025,00040,00050,000100,00025,00040,000100,000100,00025, 00025, 00050, 00025, 00025, 000100, 000400, 00050, 000

300, 00025, 000150, 00025, 00040, 00025, 00025, 00050, 00060, 000

Sept. 6,1930Sept. 17,1930Sept. 19,1930Sept. 26,1930Sept. 29,1930Oct. 7,1930Oct. 8,1930Oct. 11,1930Oct. 17,1930Oct. 18,1930Oct. 25,1930

doOct. 28,1930Oct. 31,1930Nov. 3,1930Nov. 6,1930

Nov. 10,1930Nov. 11,1930Nov. 12,1930Nov. 17,1930Nov. 18,1930Nov. 20,1930Nov. 21,1930

doNov. 24,1930

doNov. 28,1930

doNov. 29,1930

doDec. 2,1930

doDec. 3,1930

doDec. 4,1930Dec. 5,1930

dodo

Dec. 8,1930dodo

Dec. 9,1930Dec. 12,1930

dododo

Dec. 16,1930dodo

25,00025,00025,00025,0009,04024,99525,000

50,00050,000

50,0006,250

500,00025,000742,198

2,500,00024,815

150,00023,9807,0007,20050,00049,58024,40030,000

97, 72024, 520

48, 38024, 4007,820

96,995100, 00048, 380299, 98024, 400100, 00010,00040,0006,200

24, 400

58, 500

25,00025,00025,00025,00010,00030,00025,000

50,00050,000

50,0006,250

500,00025,000742,198

2, 500,00024,815

150,00023,9807,0007,20050,00049,58024,40030,000

97, 72024, 520

48, 38024, 4C07,820

96,995100, 00048,380299, 98024,400100, 00010, 00040, 0006,200

24, 400

58, 500

2,854,93126,85123,057132,19434,595114,96416,4698,925

46,91665,26246,99680,16937,2386,412

586,68014,605

1,774,4507,083,021

40,563200,000412,05117,22517, 21448,0007,730

149,08125,33433,832437, 215368, 57951,730

36, 00022, 26720, 584214, 000630,12920,000

523, 25025, 00084, 93510, 27034,02639, 22841, 78539, 244159,185

49,235141,893447,43298,056184,46469,222298,702161,423495,272392,610

745,494342,198105,40742,295

3, 564,34787,593

11,162,38426,966,990

223,94150,536

1,949,43198, 590152,037109, 663246,458

1,075,536237, 560260,008

1,119, 568193, 204296, 096428,12580,14278,154

1, 567, 6573, 438, 611

140, 3471, 671, 709390, 078362, 75045, 676533, 474130,169168, 86586, 645791, 374

toCD

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

Page 306: Annual Report of the Comptroller of the Currency 1934

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

96451079792932402

11202107841063131538257565165496203

131596751

1326610715431187587216103455975048

112341292711365

115017900

12873982173118848

119057789

10494

Jan. 10,1910Oct. 28,1915Oct. 10,1908Oct. 28,1878Jan. 21,1918Sept. 17,1915Sept. 17,1914Mar. 17,1884Mar. 19,1906Nov. 26,1900Dec. 12,1902Jan. 24,1902Dec. 23,1927Apr. 13,1903Dec. 10,1928Jan. 4,1915Apr. 26,1890Apr. 25,1907Apr. 2,1904Feb. 13,1865Aug. 20,1900Apr. 28,1896July 23,1918Mar. 24,1926May 24,1919

Oct.Aug.Jan.JuneJuneJulyDec.MayFeb.

27,19197,190511,192616,19107,190425,19076,192019,190517,1914

$150,00025,00050,00050,00060,00050,00025,00050,00040,00025,00030,00025,000500,00060,00025,00030,00050,00025,000250,000100,00025,00050,000200,00025,00025,000

50,00025,000200,00025, 00025,00050,000

100, 00025,000

100, 000

$242, 42932,00045, 500

364, 25010,20068, 25051, 750

408, 50099,600

100, 000139, 80080, 000

99,0001,50028,500

315, 21647, 250

862, 500727, 25050, 250

234, 000285, 0006,2502,500

13, 50013,000

21,500122, 700131, 20561, 476

130, 500131, 000

$420,00025, 00050, 000100,00060, 00050, 00025, 000100,00040,00025, 00060, 00025,000

500, 00060,00025,00030, 000

100, 00025, 000

250, 000200, 00025,000100,000250, 00025,00025,000

50,00025,000

200, 00025,00050,00050,000

100, 00050,000

100, 000

Dec. 16,1930Dec. 17,1930....do....do

$194,960

~~~5O,~666~

....doDec. 18,1930Dec. 19,1930Dec. 20,1930....doDec. 23,1930

do.

38, 02046, 5809,28094,10040, 00024, 580

. . . . d odo -.

. . . . d oDec. 26,1930

do

25,000

"35," 656"

....dodo

Dec. 27,1930Dec. 30,1930

dodo

6,260236,380197,00025,000

Jan. 3,1931Jan. 6,1931

do

Jan. 9,1931do

25,000

dodo

Jan. 12,1931do

24,400191,300

24, 700

. .doJan. 13,1931

,_do

48,91593,70048,320

$194,960

" "56," 666"38, 02046, 5809,28094,10040,00024, 580

25, 000

~35,~666

6,260236, 380197, 00025,000

25,000

24, 400191, 30024, 700

48, 91593, 70048, 32075, 000

$696, 75970, 01849,015

553, 21120, 00035,19939,13747,90427, 78517, 49318,00036, 892362,96038, 590

60, 04829,18543,000678,82879, 5089,672

36, 527337,10832, 6469,802

39, 04434,000124,9509,974

125, 54744, 310

107, 05074, 700

142, 758

$2, 474,918238,137216,325

141,914449,850421, 434257,123177, 727108, 65687,181505,190

5,996,970299,969113, 720

256, 384231,184

1,454, 6761,117,419209,247329,045

1, 636,67856,59079,282

151,32578,187633,079170, 653

322,962605, 272561,673912, 728

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

Page 307: Annual Report of the Comptroller of the Currency 1934

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

Footnotes at end of table, p. 331.

128202375122223000804167095099611613050

11966780623291129410346

10900104668067333289988245882610799785485428251130411189013052817511044316

119691263473673447102171045097461150710337646710674124941289476492781

Sept.Nov.JuneMayJan.Mar.Nov.Jan.Mar.

5,192528,187710,192226,18838,1906

13,190330,18977,19029,1927

Mar. 23,1921Apr. 29,1905Mar. 25,1876Dec. 24,1918Feb. 26,1913

Aug.Nov.Jan.Mar.Dec.Apr.JulyAug.MayJan.MayFeb.Dec.Mar.Mar.JulyFeb.Apr.Jan.JulyJan.JuneApr.Apr.Oct.Feb.Sept.Dec.Dec.Feb.Jan.Aug.Dec.

17,19167,1913

15.190614.188530.190721.190630.19073,191519,190523,19072,19068,19273,192021,19278,19063,191720,186414,192127.192518.190413.188611.191214.191325,191031,19197,191325,190224.191410,192315.192624.190519,188210,1864

100,000100,000500,000100,00050,00025,00050,00025,00040,000

50,00050,00050,00025,00030,000

40,00025,00025,00050,00050,00025,00050,00025,00025,000150,00060,00025,00050,00030,00025,00035,00065,00050,000100, 00025,00050,00025,00030,00025,000100,000100,00025, 000100, 00025,00025, 00050,000100,000200, 000

827,000140,000146, 500112,08511, 500147,000132,000

14, 500130, 500400,0003,750

313,950

20,80032, 500190,333724,50099,00022, 750102,00022,00054, 750328, 500171, 500

28,5002,400

41, 25023,450

861, 75052,0005,000

100,475349, 25023,25030,90053, 2501,000

166, 50047, 500155, 000

250

133, 500435,000904, 500

100,000200,000500,00050,000100,00025,00075,000100,00050,000

100,00050,000200,00025,000250,000

40,00050,000100,000200,00050,00025,000100,00025,000100,000150,000100,00025,00050,00030,00025,00035,000100,00050,000100, 00060,000100,00025,00030,00050,000100,000250,00025,000

200, 00025,00050, 000100, 000125,000100,000

Jan. 22,1931do

Jan. 26,1931Jan. 27,1931

do.Jan. 28,1931

doFeb. 7,1931Feb. 9,1931

Feb. 10,1931do

Feb. 12,1931dodo

Feb. 13,1931..—doFeb. 16,1931..—doFeb. 18,Feb. 26,. do .

Mar. 3,Mar. 7,Mar. 9,

do_.

19311931

193119311931

Mar. 13,1931Mar. 17,1931

do.Mar. 18,1931Mar. 19,1931—do

.doMar. 23,1931Mar. 25,1931Mar. 30,1931

do.Mar. 31, 1931

doApr. 1,1931Apr. 6,1931Apr. 9,1931

doApr. 10,1931Apr. 11,1931Apr. 16,1931

dodo

19,460

95, 50012, 50094, 660

98, 800

29, 34048, 380

25,00090,220

48,50024,700100,000

24, 70094,96097, 420

9,040

Is, 70034, 28037, 20012, 32055, 00025,00025,00018,27029, 22050,000

24, 70025,000

25, 000

47, 78048,14098,140

19, 460

95, 50012, 50094,660

98, 800

29, 34048,380

25,000100,000

48, 50024,700100,000

24, 70094,96097, 420

9,040

19,66634, 28037,20012,32055,00025,00025,00018, 27029,22050, 000

24, 70025,000

25, 000

47, 78048,14098,140

8,705716,994839,49724,19133, 499

75,00070,00068,027

45,000104,000235,02618,300151,943

20,500

136,239266,86048889,

30,000165,46022,88421,625279,70389,30855,00549,50016,89747,72824,01513,651

177,01257,500148,51412,00033,65074, 245

508,10748,600498,80025,00056,427110,250724,80966,000

121,516

1,048,155615,068269,679

263,057348, 777

348,047421,017

247,682672, 638

199,079151,829447,841

1,957,808242,459344,486752,80650,808849, 299960,388566,471116,565378,32055,161298,788156,056

1, 252, 541730,005708, 566749,845958,087177,137156,448203,502395,788

2,116,813179, 615

263, 330245,354769,937

2,158,8214, 454, 324

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

Page 308: Annual Report of the Comptroller of the Currency 1934

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

Apr. 13,1920July 19,1919Mar. 29,1906Sept. 27,1883Sept, 2,1919Jan. 14,1903

$25,000100,00060,00025,000

25,000180,00025,00050,00025,00025,00050,000125,000100,000100,000108,00040,00025,00050,00025,00025,000

50,00025,00025,00030,000300,00025,000

200,00050,00025,00050,000100,00025,000

$58,25039,000

124,500

361,000737,04148,500

5,7503,000

156,500370,667281,600340,500634,560100,70027,000147,00061,4509,000

72,50025,0694,50051,900118, 50052,500

105,0005,000

130,700324,70096,000101, 250

$40,000100,00060,000100,000

300,000100,00025,00050,00025,00025,00050,000300,000120, 000125,000150,00040,00025,00050,00090,00025,000

50,00050,00025,00030,000500,00025,000

300, 00050,00050,00050,000

100,00075,000

Apr. 17,1931do.

$38,500

Apr. 18,1931do

Apr. 21,1931Apr. 22,1931

doApr. 23,1931Apr. 27,1931Apr. 28,1931Apr. 29,1931

do.May 1,1931

doMay 4,1931May 5,1931

do...._doMay 6,1931

do

May 7,1931May 11,1931May 13,1931May 14,1931May 15,1931May 18,1931

May 19,1931dodo

May 23,1931May 26,1931May 27,1931

98,800

18,750

25,000

150,00024,34024,400

40,00021,58050,00024, 63510,000

50,00025,000

30,000150,00025,000

200,00019,46032,360

$38,500

98,800

18,750

25,000

$39,500102,40045,945

285,031

42,53284,42115,15057,88619, 71717,500

150,00024,34024,400

351,426180,931235,938

40,00024,58050,00024, 63510,000

50,00025,000

30,000150,00025,000

200,00019,46032,360

100,00050,000

100,00050,000

16,02014,50029,62515,0006,602

68,32734,85337,80429,657753,84714,665

515,60091, 75054,96863, 57624,29470,000

$357,035

1,031,948

2,602,558

"~I§7,~347

80,42188,582572,642

2,148,083714,382623,322601,607146,212116,308167,634537,618182,124

159,623176,814156,926212,097

2, 528,54766,109

1,700,609132,744424,875403,898502,305448,347

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Page 309: Annual Report of the Comptroller of the Currency 1934

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___.

Footnotes at end of table, p. 331.

478313135905554301111522265013916101799267124788583

3952761012661117319996972536861080210555787963327332125301721

4292674568579921699511813129891265768681021031718414760710838188258131269298161010111843569313190

JuneOct.Feb.MayOct.Feb.JuneJuneApr.Oct.Dec.Jan.

Nov.Dec.Feb.MayMar.Jan.Jan.Nov.Mar.Aug.JulyMayApr.Aug.

Mar.Mar.JuneJan.Oct.Aug.Aug.Feb.JuneMayMar.Oct.Jan.Mar.Aug.Apr.Apr.JuneSept.Sept.Jan.Mar.

30,189210,192724,190823.190012,19178,187524.186421,188818,191216,190826.192324,1907

20,188827,190416.19253,192024.191131,191022,188711.19157,19134,19053.19023.190418.192427,1870

24,189018,190315,19034,19115.19033,192017.192626.192522,190324.19126,188410,19063.190525.19164,187127.190118,192525.191029.191111,192015,19013,1928

50,00050,00050,00025,00025,00050,00063,00050,000100,00025, 000100.00025, 000

125,00035, 00050,000200,00025, 00035,00050,00030,000100,00025,00025,00025,000150,00050,000

100,00025,00025,00025,00025,00060,000150,000100,00025,00025,00050,00050,00050,00025,000100,00025,00050,00025,00050,00050,00025,00025,000

1,036,584

91, 750151,85027,000

431, 667447, 575

1,098,942313, 25035, 75019,00050, 750

842, 470111,00016,50070,00027, 750148,075323, 50064,900

213, 50044, 25039, 25098,0001,500

439, 764

296,50065,85590, 75023,00062, 50043, 2009,000

40,50012,750

170, 500159, 500246, 25020,150793,00040,60031,00019, 50052,00028,000263,000

500,00050,00050, 00075,00025, 000

125, 000100, 000600, 000525,00025,000

100, 00025, 000

500,00050,00050, 000

200, 00025, 000

100, 000100, 000100,000250,00025, 00025, 00025, 000

150, 00050,000

150,00050,00050,00025,00025,00060,000150,000150, 00025,00025,00050, 000200,000100,00030,000200,00075,00050,00025,00050,00050,000

100,00025,000

May 29,1931do

June 1,1931June 2,1931

doJune 4.1931June 5,1931June 9,1931

do.June 12,1931

doJune 13,1931

June 16,1931do

June 17,1931June 18,1931

.do.June 19,1931June 22,1931

dodo

June 23,1931do.

June 27,1931do

June 29,1931

dodo

July 2,1931do.

July 3,1931dododo.

July 9,1931dodo

July 10,1931July 14,1931

do.July 15,1931July 17,1931

doJuly 20,1931

.do.July 21,1931

doJuly 27,1931

249,995

12,50014, 5205.960

96, 220

~5o6~6o6~296,760

25,00098,500

6,300

196,76047,42030,000

197,0609,760

35,00098,800

250,0007,000

24,40094,12048,980

150,00025,00020,00025,00019,52058,38048,20047,36024, 28025,00048,500189,440100,00030,000198,500

24,82050,00050,00038,240

249,995

12,50014, 5205,960

96, 220

~5O67666~296,76025,00098,500

6,300

196, 76047,42030,000197,0609,76035,00098,800

250,0007,000

24,40094,120

150,00025,00020,00025,00019, 52058,38048,20047, 36024,28025,00048,500194,120100,00030,000198,500

24,82050,00050,00038,240

314,47930,157177,37238,41055,00045,10050,517

901.9572,50744,40559, 667

200,05544,81010,000158,50025,651

184,08462,135

163, 50173,35235, 65027,348141,87024,450

236,12343, 2246,75223,11824,40497,98675,660

35,5765,67124,997

325, 760

81,329214,00080,09573,53817,54020,32831,850157,38472,968

2,089,423197,992315,870296, 451248,004933,649

"7,521,3464,169, 504253,118759.379119,835

4, 237,013574,955676,110

1,908,707313,986928,952790,465421.164

2,870,921267.165201,80870,204

384, 791288, 539

906,141219,705144,998149,455128,868593,860604,702743,053134.380234,375

1,299,051685,845684,980178,931

2,662,267

281,12872,312422.998237,026168,085112, 465

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Page 310: Annual Report of the Comptroller of the Currency 1934

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

381611317638635411274998679020921496891096611226

50371235013497109441328211531129525868726476321118370917426574411372

1239813302126557979

Oct. 26,1887Mar. 1,1919Aug. 9,1902July 15,1886May 22,1925Sept. 19,1910Jan. 15,1908Apr. 22,1908Feb. 11,1910Mar. 15,1917July 25,1918Aug. 28,1884

Feb.Apr.Oct.Jan.Feb.Nov.

1,18962,192311,193017,19178,19297,1919

June 14,1926June 15,1901May 9,1904Feb. 11,1905Apr. 15,1918Oct. 22,1903Sept. 28,1904Jan. 14,1901May 31,1919

June 11,1923Mar. 9,1929Feb. 27,1925Aug. 30,1905June 21,1910

$50,00050,00025,00050,000

100,000100,00050,00025,00025,00025,00025,000100,000

60,000500,00050,00025,00025,00025,00040,00025,00025,000200,00025,00025,00025,000100,00050,000

200,00025,00050,00025,00035,000

$792, 50039,00079,000197,700

500,70037,50046, 25042,5007,5002,500

582,074

273,600

17, 7502,50012,000

37,35034,500740,00010,500104,75055,000211,000

52,000

38, 50063,000

$200,00050,00025,00060,000300,000600,00050,00025,00025,00025,00025,000100,000

100,000500,00050,00050,00025,00025,00040,00025,00025,000

1,000,00025,00050,00025,000200,00050,000

200,00025,00050,00025,00035,000

July 27,1931July 28,1931July 30,1931Aug. 3,1931Aug. 6,1931

doAug. 7,1931Aug. 8,1931

do_.dodo

Aug. 10,1931

doAug. 11,1931Aug. 12,1931

do

$48,32025,00059,460

$48,32025,00059,460

140,00050,00024,28020,00025,0009,76096,040

100,000

140,00050,00024,28020,00025,0009,76096,040

100,000

$50,44942,00044,36294,31820,000620,000

do.Aug. 14,1931Aug. 15,1931Aug. 17,1931Aug. 18,1931

do.

25,000 25,000

20,00010,000

20,00010,000

48,02550,22655,52848,77551,826

275,000500,00029,837201,54340,80643,12517,299245,79614,000

Aug. 20,1931Aug. 22,1931Aug. 24,1931

dodo.

50,0006,500

98,495

50,0006,500

98,495

Aug. 26,1931do

Sept. 1,1931Sept. 3,1931

do

24,640 24,640

20,56552,10022,957145,00010,500

300,000

25,00034,860

25,00034,860

28,61548,50199,903

$503, 293522,701612,430934,493

8,128,016463,88387,152128,328178,946119,666497,746

2,840,127

434,178175, 767124,76983,147

245,796130,412

7,798,94257,603551,688247, 707

2,477,973103,765

1,982,752120,10581,599106, 533236,354

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Page 311: Annual Report of the Comptroller of the Currency 1934

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

Boston, Va

641225327309783313171134571159012611128137292980211*6191088912252

12361

522532457491128781030511772

559462188458952312414

124809941110881037154281431441310788114488985178512731146568977041310281049503

JulyMayJuneJuneJan.Apr.Dec.Oct.Aug.MayJuneFeb.Aug.June

15,190225,18813,190427,190517,192816,19305,191918.192415.192518,190415,191010,19203,1916

21,1922

Mar. 28,1923

Oct. 3,1899June 21,1884Sept. 27.1904Dec. 16,1925Dec. 16.1912June 11,1920

Sept.Mar.Nov.JulyJulyDec.Nov.Feb.Oct.Mar.MayMayAug.Sept.JulyJan.Nov.Jan.JuneJulyNov.Dec.Feb.June

15,190014.190227,190619.190916,19236,191524,192321,19116,191729,191322,19002,186526,1890'6,191526,19192,190823,187028,192526,186520.190311,190320,18833,190618,1909

Mar. 15,1907

25,00050,00025,00025, 00050,000150, 00050,00050,00040, 00025,000100,00030,00040,000200,000

25,000

1,200,00050,00025, 00025,00050,00050,000

50,00030,00025,00025,000200,00040,000200,00025,00025,00025,00025,00069, 07050,00050,00030,00025,00075, 000100,000100,00050, 00025, 00050,00025,00050,000

100, 000

64, 2502, 614, 000

80, 25991, 750

161. 5001,000

210, 50088,80089,53740, 750123,00035, 50067,00053,80013, 25012, 750

150, 900959,000308 73233,' 50011,70065, 250

633, 62571,000

910, 500196, 250105, 250593, 50083, 70036,000

237, 750

30,0001, 000, 000

50,00045,00050,000

150, 00050, 00050,00040,00025, 000125,00030,00040,000200,000

25,000

3,000,00040,00025,00025,000100,00050,000

200,00030,00035,00025, 000

200,00040,000200,00040,00025,00025,00075,000

150,000] 00,00050, 00030,00050,000

125,00050,000

200,000100, 00050,000

400, 000• 60,000

50,000

125,000

Sept. 4,1931do

Sept. 8,1931do-

Sept. 10,1931do

Sept. 11,1931' .do-

Sept. 12,1931Sept. 14,1931Sept. 16,1931

doSept. 18,1931Sept. 19,1931

do

Sept. 21,1931Sept. 23,1931

dodo

Sept. 24,1931Sept. 28,1931

dododo

— _ doOct. 1,1931

.do._do-.do..-do-

Oct. 5,1931do

..—do —do

— d oOct. 6,1931— d o

do -.—doOct. 7,1931— d oOct. 8,1931— d o

Oct. 10,1931

25,000700,00010,00024, 64049, 700

150,00025,000

20,00025,000

34, 2206,070

50,00030,000

147, 36030,00034,09512,137196,820

40,000

6,25054, 635148,08050,000

28, 740

~74~280"

23, 32099, 52058,14049, 400

97,120

25,000700,00010,00024, 64049,700150,00025,000

20,00025,000

34, 2206,070

50,00030,000

147, 36030,00034,09512,137

196,820

40,000

6,25054, 635148, 08050,000

28, 740

~74~280~

23, 32099, 52058,14049, 400

97,120

42,770895, 67518, 35611, 47538,000165, 22567,86840, 40168,71014,900

189, 78660,64312, 938

402, 500

17,070

7, 647,325

17,936

328,17840,132

388, 70032,07791,51025,00050,00050,319108,12183,0157,0008,28754, 242

451, 31868,482112,00019,000

228,53887,033120,094161, 22610,000

482,69180,91844, 650

344, 299

316,2547, 623, 905

98,74359,025274,677

1,164, 512111, 174

163,379333,809

1, 671, 78657,987202,458

1, 757,118

136,077

43,611,807524,65584,135247,338893, 508186,811

2,720,900123, 70445, 452

476, 5304,007,474292,267468,397214,18190,10087,412254, 782

2, 317,1761,184, 725548, 207644, 766477,839

1,219, 269141,119

1,025,009167,137238,999

2, 299, 269651,861373, 559

1,

Footnotes at end of table, p. 331.

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Page 312: Annual Report of the Comptroller of the Currency 1934

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

7889681

6119506611309290

1250425286619

102191157498489291112377816

8559793253305145135051039212612118381009340831055413367110099558125191121169511096

Aug. 10,1905Dec. 19,1864Jan. 23,1902May 3,1897Apr. 3,1865Sept. 14,1908Jan. 22,1924May 23,1881Feb. 4,1903June 8,1912Dec. 27,1919Aug. 12,1910June 23,1908Aug. 27,1918May 22,1905May 12,1885

Oct.Sept.Apr.Sept.Dec.MayDec.Aug.Sept.JulyJuneAug.MayAug.Mar.JulyJulyApr.

27,190622,190511,19003,18983,19302.191310,192420,19202,19118,18891.19145,19295,1917

31,190911,192410,191828,190310,1865

$50,00065,00050,00050,000150,00050,00050,00060,00030,00030,00025,00025,00050,00025,00050,00050,000

25,00050,00025,00060,000100,00025,00025,00025,00025,00050,00025,00030,000200,00025,00025,00050,00025,000200,000

$83,0001, 663,900

54,000417,000555, 75072,0003,125

1,447,24057,60028,5003,75011,000179,0004,250

167,500276,000

44,000272,000130, 500181,100

91,0009,0003,75079,80088, 25025, 750

168,000114, 7503,75076,100180, 500

1, 459,000

$50,000500,00025,000150,000100,00050,00050,000200,00040,00030,00025,00050,000100,00025,000125,00050,000

50,000150,00050,00060,000100,00050,00025,00025,00040,00050,00025,00030,000200,00075,00025,000150,00040,000100,000

Oct. 10,1931Oct. 12,1931

.do.....do.

do....do

do.

$50,000200,00024,460148,32096,94048,800

$50,000200,00024,460148,32096,94048,800

Oct. 13,1931dododo

147,90039,34029,460

147,90039,34029,460

d o -— _do

do—do

do ...

24,34050,000

24,34050,000

Oct. 15,1931do

— . d o.do.do

.—dodo

26,96049,338

49,040122, 73724, 64060,00047,18024, 640

26, 96049, 338

49,040122, 73724, 64060,00047,18024, 640

—doOct. 16,1931

.do.dodo -do

Oct. 19,1931do -..

24,70012,50024, 70030,000196,82050,000

24, 70012, 50024, 70030,000196, 82050,000

.do.dodo

$62,0001,107,500

10,00095,750174,82819, 525149,484456,82337, 24610,00021,70050,300179, 52842,300114,87176, 902

209,89510,00044, 370105,8653,70019,183

38, 920 38, 920

37,44982, 27636,04124,850434, 733211, 77413, 455

236,98545,84560,000

$287,4418, 931,863

194,8571,351,249902, 789584,676641,322

1, 563,970333, 548285,43145, 417397, 674468,100116,184

1, 239,841239,051

520,567501,020470,719187,069560,275192,873116,90879, 941114, 791209, 239200,036228, 482

1, 350, 2841,061,410367,017265,371516,122

1,841,833

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Page 313: Annual Report of the Comptroller of the Currency 1934

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

7089105594966111381068567648211867012774349

11320105741215024742312933209312798331001613449387474763773925762618961274813011

1350642268901197144274550873511651656152533084

122792458787010169706695277579

Dec.MayJuneJan.Dec.Apr.MayApr.MayMar.Mar.Apr.Feb.Sept.Sept.MayJan.Oct.JulyApr.Apr.Apr.Dec.JuneSept.Jan.Sept.MayOct.

Nov.Dec.Aug.Aug.Sept.Mar.MayMar.Dec.Dee.Oct.

15,190319,191421,189416,191830,191415.19033,190624,190729.19252.18647,19198.186522,18893,189526.190424.192614,187315.18632.19107.19114,19309,188824.186426,190210.188823.192515,18718,192518.1926

29,193019.188910,19079,187222.18907,189113,190712,19208,190214,18993,1883

Mar. 18,1905Oct. 26,1922Feb. 11,1880Aug. 8,1905Mar. 21,1912Nov. 19,1903July 19,1909Jan. 8,1901

75,00025,00050,00025,00025,00025,00025,00050,00050, 00050,00050,000

1, 000,000100, 00070,00025,00025,000

200,00050,00050,00025,00050,000

250,00055,00040,00050,00025,00050,00050,00025,000

50,00050,00025,000

100,00050,00050,00025,000

100,00025,00050,000

230,000

50,00025,00060,000200,00025,00025,00025,00025,000

224,000

147,87519,95544,800102, 25086, 26175, 50012,000

594,00040,000

6, 643, 250897, 825422,80073, 625

1, 299,382432,40040, 50045, 0002,000

4, 250,000365, 235136, 350201,00042, 000628,90922, 5002,500

502,00039, 750759,000

1, 244, 00049,00045, 25091,00050,000236,900855, 200

261,35020,500405, 500431,50017,500143, 75017,875180,000

75,00025,00050,00025,00035, 00050, 00025, 00050,00050,000150, 00050,000750, 000350,000150,00035,00025, 000

300, 00060,00050,00050,00050,000

1,000, 00077,00050,00050,00025,000175,00050,00025,000

50,000100,00025,000100,000300,00025,00025,000100,00025,000160,000250,000

200,00050,000100,000200,00050,00025,00025,00025,000

Oct. 20,1931do

Oct. 22,1931dodododo__

. . . . dodo__

Oct. 23,1931do _dodo

Oct. 27,1931dodo

Oct. 28,1931Oct. 29,1931

do

dodo _do

Oct. 30,1931dodo

Oct. 31,1931Nov. 2,1931

do

doNov. 3,1931Nov. 5,1931Nov. 6,1931

dodo ._dodododo

Nov. 11,1931

. d o . .do

_. dodo

Nov. 12,1931Nov. 13,1931Nov. 14,1931

do

74, 280

48,800

49,9956,250

49, 280

145, 92050,000

742, 980

98,32034,34020,000

300,00050,00048,02025,000

386,86053,44039,40048,74024,460

175,000

17,96049,15824,16098, 258

294,00025,0009,520

5,320143, 760246,340

230,44023,38077,780

120,56024,16014,82024,70023,920

74, 280

48,800

49,9956,250

49, 280

145,92050,000

742,980

98, 32034,34020,000

300,00060,00048,02025,000

386,86053,44039,40048,74024,460

175,000

17,96049,15824,16098, 258

294,00025,0009,520

6,320143, 760246,340

230,44023,38077,780

120,56024,16014,82024,70023,920

70,0005,650

16, 70793, 71829,24726,03813,00994, 35036,926

150,00055,500

1, 697, 301263, 85858,67210,169

1,022,1005,606

69,000116, 500

4, 784, 50012,490

134,48455,0005,000

104,891123,82120,000

125, 400579,106

15, 20093, 20031,59229,000

167,40887,980

407,63852,183

446,876198,77635,00829,50034,100

139, 560

1, 065, 79889,084321, 57341,461231, 514152, 699118, 042711, 721167,497

2,060, 550294,215

4, 264,1232, 966, 246

139, 309148, 401243, 669

4,487,975207,666399,048421, 713560,349

8,857, 684465, 232651,330499, £75

1, 387,452386,85670,141

364,4741, 623,327210, 795

1,925,8171,800,002174,05298,048166,331503,421

2,401, 6684,901, 206

1, 272,890280, 248

1,944,326433,137161, 265248, 829151,753456,719

3oo

o

Footnotes at end of table, p. 331.oooCO

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Page 314: Annual Report of the Comptroller of the Currency 1934

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

Organization

Char-terno.

444864548491921724862673669590941233233477577

95761062511274963813553767382606485

1322452041067711570153

499799281101211751760833405576

Date

Sept. 27,1890Sept. 12,1902Dec. 10,1906Aug. 3,1908June 26,1880Apr. 11,1882Mar. 21,1903Feb. 27,1908Feb. 28,1923May 13,1885Dec. 31,1904

June 12,1906Sept. 30,1909Aug. 18,1914Oct. 28,1918Oct. 13,1909June 5,1931Feb. 28,1905May 12,1906Oct. 10,1902

July 24,1928Apr. 8,1899Nov. 12,1914Dec. 19,1919June 6,1863Apr. 11,1895Jan. 19,1911May 15,1917May 22,1920Jan. 14,1905May 9,1885July 30,1900

Capital

$50,00025,00025,00050,000

100,00056,00050,000

100,000200,00060,00025,000

25,00025,00035,000150,00025,000400,00025,00025,00025,000

200,00050,00050,000100, 00060,00050,00025,00050, 000100,00025,00050,00025,000

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$27,50039,75046, 250112, 250493, 770379, 675329,500206,00054,000406,000125, 250

93,09756,00037,1004,50025,250

98,000196, 29657,100

30,000247,000

43, 50059,000

229,000269, 50080, 25047,00054,500

241,000293, 000

45, 750

Failures

Capital

$25,00025,00025,00050,000250,000125,000125,000100,000200,000100,00040,000

150,00025,00035,000150,00025,000

400, 00025,00060,00025,000

200,000100,00050, 000100,00050, 000100,00050,00050,000150,000100,00050, 00025,000

Receiverappointed

Nov. 17,1931. . - d o

.do.do

Nov. 30,1931_do..

—.dodo..

.—doDec. 2,1931

do

— do.—.do.

.-do..do

Dec. 3,1931.do.

Dec. 7,1931dodo

dodo

Dec. 8,1931.do.

Dec. 9,1931Dec. 11,1931

dododo

Dec. 12,1931Dec. 14,1931

do

Lawfulmoney

deposited

$10,00024,70020,000110,520

12,70033,98038, 720100,00024, 220

100,0006,250

49,28017,500246,10024,99858,20025,000

98,62036, 60093,160

97, 66039,04048,86097,660

49,99812,500

Circula-tion out-standingat date

of failure

$10,00024,70020,000110,520

12,70033,98038,720100,00024,220

100,0006,250

49, 28017,500

246,10024,99858,20025,000

98, 62036,60093,16048, 68097, 66039,04048,86097,660

49,99812,500

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

$10,94444,30273,63524,465160,000130,104150,000299,058202,83542,79850,000

200,00035,055

56,032

484, 21340,00046,500

92,37762,05868,83454,13076,000263,06115,10084, 507133,656131,953

38,473

Totaldeposits

at date offailure

$155,284431,589247,094181,547

65,8891,005,048970,948

856,635232,031

1,543, 721193,750101,031241, 348222,415

3,050,178965,518841,288521,939

1,146,413368,881

597,358

491,828255,718410,584

1,452,512907,985646, 287190,940

3

oK

3

3

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Page 315: Annual Report of the Comptroller of the Currency 1934

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

5781987612336639770791176779037443906711005467168521190375549643102332962123621231963088639

101435640906192061062313495

129265749254087975402

1042111456125721263312772127991300913270108721090512985

81991033613248

Apr.Sept.Mar.MayDec.JuneJulySept.Feb.MayDec.MayDec.Jan.Oct.Jan.MayApr.Nov.JuneFeb.

11.190119,191019,192319.190214.190321,192024,190515.190415.19081,1917

14,189113,190221,19206,190520.19093,191219,188316,192328,192212,19021,1907

Feb. 5,1912Nov. 22,1900Dec. 23,1907July 14,1908Sept. 19,1914Sept. 2,1930

Apr. 23,1926Mar. 15,1901June 17,1881June 27,1907M a y 2,1900

July 2,1913Aug. 30,1919Aug. 6,1924Jan. 29,1925June 13,1925June 26,1925Nov. 8,1926Dec. 31,1928M a y 16,1916Aug. 15,1916Aug. 23,1926

Apr. 2,1906Feb. % 1913Oct. 10,1928

25,00025,000

1,500, 00025,00050,00050,00050,00025,000100,00025,00050,00025,000200,00025,00025,00050,00050,000200,00025,000200,00025,000

100,00025,00030,00025,00025,00025,000

50,00030, 00050,00025,00025,000

50,00025,00050,00025,00050,000100,00050,000250,00075,00025,00025,000

100,000100,000100,000

168, 25040,000

410, 08148,000106,50016,500102,00049,000770,00014,750

205,00019,000152,75062,50033,7507,359

292,50065,0007,500

408,000122,000

339,00023,75056,10070,00031, 250

5,000155,400247,14524,75050,850

164, 500

79, 500

14,00050,000

18, 750

16,2501,500

361,096262, 000

100,00050,000

2, 005,58525,00050,00050,00075,00025,000600,00025,000100,00025,000

1,000,00050,00025,00050,00050,000200,00025, 000200,000100,000

200,00025, 00030,00025,00025, 00025, 000

50, 00060,00050, 00025, 00040, 000

150,00025,000100,00025, 00050,000100, 00050,000250,00075,00025,00025, 000

400,000200, 000100,000

dodo

Dec. 15,1931Dec. 17,1931

dodo

Dec. 19,1931dododo

Dec. 22,1931dododo

Dec. 23,1931do . _ -dodo - -

Dec. 24,1931do

Dec. 29,1931

do - .- -Dec. 30,1931

do .dodo .do

Dec. 31,1931Jan. 2,1932Jan. 8,1932Jan. 9,1932Jan. 11, 1932

do. . do

do _ . .dododododo

Jan. 12,1932do

Jan. 13,1932

Jan. 18,1932dodo

24,4001,500, 000

6,50024,760

75,00010,000171,00024, 640

894, 52049,46023,62015,000

12, 080196,10024, 280

197,42025,00014,70024, 52024, 640

59,100

6,07011,010

48, 620

384,460200,000

24,4001,500,000

6,50024,760

75,00010,000171,00024,640

894,52049,46023,62015,000

12, 500196,10024, 280

197,42025,00014,70024, 52024,640

59,100

6,07011,010

48,620

384,460200,000

104,137

1,665,38620,04155,00012,519181,81719,840

1,098,74145,15550,00019,099

1,145,060

20,00028,00044,700122,33616,056311,77314,000

420,50021,73044,000138,50082,73510,350

99 00056,776196,99142, 88858, 508

371,10925,00099,26521,47435,952170,9895,960

324, 53246, 68924, 84519,261

369,483326,03325,300

588,864177, 284

24,452,82554,443489,70334,047

1,130,403121,418

3,653,385236,213

5,489,940228,621792,437223,113137,336

2, 061,94867,022

1,009,200432, 657

1,692,239173, 275630,864379,498150,444152,991

138, 533

105,40590,906

384, 64839,117

1,123, 55042,48184,313820, 272152, 670

1,196, 262232,987137, 40590, 211

2, 569, 503760, 770625, 344

3

oF

B

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Page 316: Annual Report of the Comptroller of the Currency 1934

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

Organization

Char-terno.

3154723446263811201624176038621513452

13£0364794998764412413557512242

181173212773211655348508567354032287

8426291

54867215

1692

Date

Mar.Apr.Aug.Sept.JulyMar.Nov.Mar.Apr.

Nov.Oct.MayFeb.JulySept.Jan.JuneMayDec.JuneJuneNov.Dec.Apr.JulySept.Feb.Oct.Dec.Nov.JuneMar.Mar.Feb.

20,18847,1904

28,189120,18873.18726,187920.19016,19022,1930

7,193013.19022,18959,19059.19234,19007,192212,188224,19202.19242.187315,190021,190619,190020,190019,187529,19064,18929,190630,186312,188125,190028,190427,190927,1869

Capital

$50,00025,00060,000100,000100,00050,000100,000100,00050,000

50,00025,00050,00025,00025,00025,00050,000100,00025,000100,00050,00030,00050,00025,00025,00050,00050,00050,00025,000300,00050,00050,00025,00025,000

100,000

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$250,70065,250279,300

1,249,250825, 500444,500437,000337,000

121,100400, 50073,750

111, 3504,500

457,00017, 75010,000

314, 500179,00056,00095,500

162,025543, 500151, 500204,000582, 500

2,408,500213,000249,063127,25050,250

1,133,400

Failures

Capital

$100,00025,00060,000

600,000150,000100,000150,000150,00050,000

50,00035,000

200,00025,00025,00050,00050,000

100,000100,000100,00050,000

100,00050,00050,000

100,000100,000100,000100,000250,000500,00055,00075,000

100,00025,000

200,000

Receiverappointed

Jan. 18,1932— .do

do.do

Jan. 20,1932do__dododo

dodo

Jan. 21,1932dododo

Jan. 22,1932do

Jan. 23,1932do

Jan. 26,1932dodo__do

doJan. 27,1932

doJan. 28,1932

dododo

Jan. 29,1932Feb. 1,1932

Lawfulmoney

deposited

$97,54024,81559,280600,000114,100

98,435

48,68019,46049,2806,010

49,4609,520

98,02095,260

12,50069,28042,74024,70024,04095,80047,90098,740

244,240415,22054,22071,88095,98024,64086, 540

Circula-tion out-standingat date

of failure

$97,54024,81559,280

600,000114,100

98,43548,380

48,68019,46049,2806,010

49,4609,520

98,02095,260

12,50069,28042, 74024,70024,04095,80047,90098, 740

244,240415, 22054,22071,880

195,98024,64086,540

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

$389,315

98,8652,175,909

243,602171,928419,600

54, 74550, 647

82, 937

56,00030, 63353,079

163,075197,69230,000

159,90424,950

138,71545,318

104, 248345,13975,000

285, 60020,000

875,000504,19270,136

161,30024,56031,800

352,866

Totaldepositsat date offailure

$1,173,44994,147503,713

3,673,4431,284,8711,382,7591,478,736653, 645419,379

425, 2071,555,4113,190,726173,04143,671402,464295,459880, 545814,166872,922220,646455,69096,108455,625

1,429,061961,039940,379620,019

2,703,458

331,989591,789464,452141,978

1,049,518

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

Page 317: Annual Report of the Comptroller of the Currency 1934

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

8667131688509939811934

1266712343920112354

132155652

11672886712807634572286603120611218345204568110941263549713566181611775086439264691061434635447107021281910558105605120696634076586112995705790837632625848

Mar. 11,1907Jan. 12,1928Dec. 31,1906Apr. 1,1909Jan. 25,1921

Dec. 27,1924Mar. 30,1923June 6,1908Mar. 17,1923

May 1,1928Nov. 10,1900

Mar.JulyAug.JuneApr.Jan.Nov.Apr.Oct.Mar.Dec.MayJuneJulyMar.Feb.JulyJulyOct.Sept.Feb.JuneJan.Aug.MayJuneApr.Sept.Oct.Jan.Jan.Jan.Aug.JulyNov.May

23,192023,19073,192527.19028,19048,19033,192114,192229.189023.189111,19162,186523,190029,19318,187113,186514.189710,18906,190211,19148,188616.19008,191529,192528,19146,191412.189815.190326,188510,190310,191931.190131,190516,188721,186320,1901

50,000150,00050,00050,00025,000

200,000200,00050,00025,000

100,00050,000

100,00025,00050,000100,00025,00030,00025,00025,000100,00050,000100,00065,00035,00065,000100,00065,00050,000100,00050,000325,00050,00025,00025,000300,00025,00025,000100,00025, 00050, 00050,00025, 00050,00025,00050, 00050,00025,000

118, 25036,00076,00085, 25016,500

103,000120,000

313, 500

54,00049,2002,000

223,500132,93095,40022,0006,000

1,084,5001, 402,000127, 500862, 750144,800

2,044, 000762,856234, 500267,500205,000461, 500356, 78592,91115, 500

31,00029,250692, 90075,900363, 320116,0002,750

166,30023, 000248, 500

1,179, 723226,125

100, 000150,00050, 00050,00050,000

200,000200,00050,00025,000

100,000125,000

100,00040,00050,000

100,00050,00030,00025,00025,000

700,0001,000,000

150,000100,000

35, 00065,000

750,000100, 000100,000100,000100,000325, 000100,00025,00025,000

300,00025,00025,000

200,00030,00075,00050,00025,00050,00025, 00050,000

300,000100,000

do __.do

Feb. 2,1932dodo

doFeb. 3,1932

dodo

.do-.

.do..

. .—doFeb. 6,1932.—do.

doFeb. 8,1932Feb. 9,1932

dodo.

Feb. 10,1932do.do.do

Feb. 11,1932do.

Feb. 12,1932dodo

Feb. 15,1932Feb. 16,1932Feb. 17,1932

.do._do_._do_._do-

Feb. 18,1932dodo

.do.Feb. 19,1932

.do

.doFeb. 20,1932Feb. 23,1932Feb. 26,1932Feb. 27,1932Mar. 2,1932

48,800

49,28023,98015,000

191,960176,960

94,900

48,8606,250

97, 78023,92029,39725,00025,00097,180474,14093, 22069,280

199,98048,80011,320100, 000100,000177,32096,33723,980

97,900

196,94029,03771,28048, 560

49,340

12,20098, 08023,860

48,800

49,28023,98015,000

191,960198,560

94,900

48,8606,250

97,78023,92029,39725,00025,00097,180474,14099,10069,280

199,98048,80012,320100,000100,000177,32096,33723,980

97,900

196,94029,03771, 28048, 560

49, 340

"I2~266"98,08023,860

112,970304,652

20,43433,191

125,865114,21043,00291,999

230,274130,780

60,25075,00035,000192,11067,41970,815

62,1731,035,9562, 307,509136,11591,146102,858598,755601,50150,98073,62570,00027, 000513,67586, 7559,87318,875175,57727,00064,239842,904

19,00040, 262

72,1437,25065,611727,05169,500

879,0161,046,755281,040112,748128,593

975,7554,842,072479,662202,108

228,7211,828,063

957,619853,133440,249578,054148, 271625,303411, 215259,249

3,512,5183,892,564882,274496,588

4,450,746438,364696, 739472,862612,864

1,538,1031,425,067148,625197,349975,185182,499240,772

1, 874, 20948,946354,993183,331121,462287, 205318,286885,193

1,661.589803, 720

33

gI

Footnotes at end of table, p. 331.

wMod

225

o

o

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Page 318: Annual Report of the Comptroller of the Currency 1934

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..

118926962913833198838314116953837496712532

11561558711884529270022516466177327972104924819432591368429902598121289911664132678909252210958122279314

Dec.MayJan.MayOct.JulyMar.Jan.MayFeb.

Dec.Sept.Nov.Apr.Oct.Apr.Nov.Apr.Oct.Jan.Nov.Apr.Apr.Oct.Sept.JuneFeb.Feb.Dec.Sept.Mar.Feb.Nov.Dec.

1.192011,190330,186519,190610,191016,190617,192012,188818,189428,1924

19.191918,190012.19203,19001,19037,188111,189127,190527.190528,19145,18928,189011,190817.190611.19079,191015,192623,192021,192821,190712,188121,19174.19219,1908

$75,00050,00065,00025,00050,00030,00050,000100,00050,00080,000

25,00025,00025,00025,000100,000100, 000150,00025,00025,00025,00050,000100,00025,00050,00025,000100,00025,00025,00025,00025,000125,000300,000200,000100,000

$18,00018,900

1,307,15090, 75049, 75038,70028, 000

1,845,00096, 7506,400

1,500206, 25010,000123,375655,000244, 000376,12560,000114,37531,700186,500774,00048,2002,00099,250154,0002,4682,500

6,000385,584488,00039,000672,400

$75, 00030,000300,00025,00050,00030,00075,000

1, 000, 00050,00080,000

25,00050,00025,00025,000250,000100,000100,00025,00025,00040,00050,000300,00025,00050,00050,000100, 00025,00025,00025,00025, 000125, 000500,000250,000100,000

Mar. 2,1932.-..do -.Mar. 4,1932

dodo.

Mar. 8,1932.....doMar. 9,1932Mar. 15,1932Mar. 16,1932

Mar. 18,1932—do.. -Mar. 19,1932Mar. 25,1932Mar. 28,1932Apr. 11,1932

do

$23,80028,86094,72023,44049, 5809,460

$23,80028,86094,72023, 44049, 5809,460

75,440

400,000

"75,446

24,700 24,700

24,700249,997

24,700249,997

do.Apr. 12,1932

doApr. 15,1932Apr. 19,1932Apr. 26,1932Apr. 27,1932

..do-

ll, 96038,98050,000198,6206,250

11,96038,98050,000198,6206,250

$116, 78155,500810,10047,50025,80024,57774,476

3,392,87449,75665,000

25,000182,44911,25643,886719,457100,000100,00088,461

do—.—.doApr. 28,1932May 3,1932May 9,1932May 10,1932May 20,1932May 21,1932May 23,1932

25,000 25,000

75,000180,00039,227

140, 814151,226100,00014,186

$383,801466,618

4,174, 258229, 720197,22879,989100,312

434,087

112,675340,75881,797300,484

2, 786,273

266,849154,197292,506

2,005,24296,520

24,52098,315

"238," 540'

25, 00098,315

"238," 540'

29, 55462,02817, 000

976,609525,900109,68350, 000

144,34084,525111, 560

1,518,460

"""419,"689224,313

w

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Page 319: Annual Report of the Comptroller of the Currency 1934

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.

Footnotes at end of table, p. 331.

585112317

11929943245288186950911140114611865984513360627069983204124301615

991210976120014583104339162

10237107521091511594

12426

13114

3818

1010810243

1239113372102151082811980

7941113013036

Apr. 24,1901Feb. 2,1923

Jan. 15.1921Apr. 27,1909Feb. 13,1891Feb. 16,1905July 21.1909Jan. 24,1918July 7,1919Aug. 1,1871Aug. 3,1910May 23,1929Mar. 20,1902Sept. 1,1903Apr. 9,1884Aug. 7,1923Nov. 21,1865

Nov. 17,1910Mar. 6,1917July 22,1921May 26,1891July 14.1913Feb. 27,1908

July 25,1912June 5,1915Oct. 24,1916Jan. 30.1920

July 31,1923

July 6,1927

Oct. 17,1887

Oct.Aug.

5.19119.1912

May 25,1923Aug. 26,1929Apr. 30,1912Feb. 3,1916May 5,1921

Jan. 2,1865Jan. 7,1918Jan. 18,1927

25,00025,000

100.03060,00050,00025.00025,000300,00030,000100,00040,000500,00025,00025,000150,00040,000100,000

200,00025,000200,00050,00025,00025,000

50,00035,00075,00050,000

100.000

25,000

100,000

50,00025,000

200,000300,00050,00050,000300,000

100, 000100, 000200, 000

62,00014,500

58, 500104,000259,900

32, 75051,000

339,000457, 725293,35064,000

53,50053,250

465,00023,200

966,000

1,472, 58252,000

153, 50044.000

105,50072,500

314,50030,450

131,25066,000

6,250

852,000

289,50040,750

32,000

108, 500119,500114, 000

706,78833, 000

25,00025,000

100,000100,00060.00025.00050.000

300,000450,00050,00040,000

500,00025,00050,000

150,00040,000

200,000

2,800.00050,000

200,00025.00050,00050,000

300,00035,000

200,00050,000

175,000

25,000

100,000

300,00025,000

200,000300, 000200,000150,000300, 000

100, 000100, 000250, 000

May 24,1932do._

do _ .May 25,1932June 1,1932

doJune 2,1932June 3,1932June 7,1932June 8,1932

do _June 10,1932

do. doJune 11,1932. do - . .

do

do.June 14,1932June 15,1932June 17,1932

doJune 21,1932

dodo . .dodo

do . . .

do

do

Ju te 25,1932. . . do _--

do . . .dododo.

. . do _ .

June 27,1932dodo.

25,00025,000

100,00096,16049,82025,0006,250

400,00049,3409,400

25,00024,460

144,00039.700

26,600

147,72024,99750,00049,580

35,00024, 760

175,00050,000

99,100

74,4007,000

100,000

99,700100, 000

25,00025,000

100,00096.16049,82025,0006,250

400,00049,3409,400

25,66624,460

144,00039,700

1,026,600

147,72024,99750,00049,580

35,00025,000

175,00050,000

99.100

74,4007,000

100,000

99, 700100, 000

29,40074,729

94,455150,726129,13166,261

108,947300,000

1.011,964148,17462,942

27,00066,780

261,18648,550

236,900

5,703,466297,448782,82630,22156,350

155,297

605,11727,487

255,392132,951

167,626

92,200

187,100

632,3146,132

336,69430,00021,93957, 560

407, 760

177, 23455,840

192,679

428, 557148,523

463,480381,689231,34397,201404,956

5,197,831505,612117,60049,533366,351357,803

1,366,833250,030

1,032,681

7,946,632

688,24286,685499,860380,606

1,668,73795,768673,634413,811

523,530

212,519

1,188,300

1,141,83977,414

736, 519232,536507,939895,084

1, 344,928

762, 539376,468439, 793

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Page 320: Annual Report of the Comptroller of the Currency 1934

'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

MayAug.Nov.JuneApr.Feb.Dec.July

JuneMayAug.JulyJuneMayJan.MayMar.Dec.JuneJan.

6,190326,192423.192819,19196,192328.192930,192928,1931

11.190131.190220,19043,186529,19119,186531,187621,190016,188320,1S9221,19024,1908

$200, 000

1,000, 00050, 00050, 00025, 000

25, 000100,000100, 00060, 000

500, 000

25, 00025, 00075, 00025,00050, 000

100, 00025, 000

200, 000

50, 00025, 00050, 00050, 00050, 000

100, 000100,000100,00050, 000

100, 00050. 00025, 000

$492, 000414, 250208, 50039, 750

69, 625241,00036, 500

1, 548,800240, 000

91, 277

$200,000

1,000, 00050,00050,00025,000

75, 00050,000

100, 000500, 000600,000

40,00025,00075,00025,00050, 000

100,00025,000

200, 000

200,00050,00050,00075, 00075,000

150,000500, 000150, 000400,000200, 000100, 00050,000

June 27,1932

— - d oJune 28,1932

dodo

. . . . .doJune 29,1932

do. - - - - - -June 30,1932July 1,1932

July 2,1932dodo_ — —

July 6,1932do.

$27,32049, 34024, 760

299,997

25, 000

.—-dododo

25,00049,280

July 7,1932dodo.

July 11,1932July 12,1932July 14,1932

doJuly 15,1932July 18,1932

dododo

198, 200

40, 00050,00049,460

72, 600149,10049,70097,660

197, 600

"~25,~666~

$27, 32050,00024, 700

299,997

25,000

25, 00049, 280

198,200

50, 00050, 00049,460

73,800149,10049, 70097,660

197,600

~~25~666~

$20, 000

2, 061, 344166,11959,89754, 431

41,80051,604

1, 073, 390989,617729,450

81,40063,962

119, 32212,80046, 28866,486105,609299,558

325,879148,69930,155222,00064,395

298, 520921,350206,382717,150284,245374,17669,723

$94, 732

3, 729,097523,112146, 345130,878

182,886

2,023,1063,133, 265

302, 752177,823584,961119, 415227,890145,041462,294

2, 602,460

912,123128,123385,585

1,480,573217,587

1,054,4363,495,5171,165,3254,531,689556,907

~~166,~948

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Page 321: Annual Report of the Comptroller of the Currency 1934

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

93341012980523767745112042756397157864

1318813400805983733471618851408762651838

7350

12288132681244011106181153857782129191870

123237993115569015128082010123141303110704108981152332557024918810423779712888187311955

Dec.Jan.Jan.JulyOct.Nov.Nov.Mar.July

Mar.Nov.Jan.Aug.Mar.Feb.Aug.MayOct.JuneJuly

Dec.Dec.Sept.Nov.Nov.MayMayMar.Aug.

Nov.Nov.Oct.Jan.Aug.JuneFeb.Jan.Nov.Aug.Oct.Sept.Oct.MayJulyMayFeb.JulyApr.

22.190910, 191210, 190620,188710,190414, 102119.190417.191015.1905

15,19288,192911.190620.19069,18861.190222,189830.190725,190220,186315.1904

15,192212,19281,1923

21,191715.18704,190013.190530.19268,1871

25,192227,190511,191917.19088.192522,18722,192312.192721,191419,191627,191923,18842.190325,190810,191317,19058.192615.18719,1921

25, 000150, 00025, 000100,00030, 000250, 00025, 00050, 00030,000

125, 00050,00025,00050, 00050,000100, 00050, 00050, 00025, 00050, 00025, 000

200, 00040, 00060,00035. 00050, 00025, 00025, 00050, 00050, 000

200,00050, 00025,00025,00030,000300,00050, 00050,00025, 00025, 00025, 00050,00025, 00025,000100, 00040, 00030,000100, 000200, 000

44, 250189,00092, 750300, 50091, 13272, 50051,25095, 00047, 400

72, 07577, 750793,500595, 750265, 000116,00038, 250

1, 370,925115, 200

446, 000

22, 20038, 500272, 000

23, 7507,500

338, 000

67, 00028,75011, 50088, 250

6001, 788,100

35, 000

395, 00012, 5003,750

428,00096, 70048,750154, 50050, 398

672, 000128, 000

25, COO150, 00025, 000100, 00050, 000250, 00050, 00050, 00030, 000

125, 00050, 00030, 00050, 000

375, 000400, 00050, 00050, 00025, 000300, 00070, 000

600, 00040, 00060, 00035, 00050, 000100, 00050,00050, 00050, 000

200, 00050, 00025, 00025, 00030, 000800,00050,00050, 00025, 00050, 00025, 000

200, 00030, 00025, 000

200, 00040, 00030, 000

200, 000200, 000

___ doJuly 21,1932July 22,1932July 27,1932

dodo

July 28,1932Julv 30, 1932Aug. 1,1932

dodo

Aug. 8,1932._ doAug. 9,1932

doAug. 10,1932

doAug. 11,1932Aug. 12,1932

do

doAug. 13,1932

doAug. 15,1932Aug. 20,1932Aug. 22,1932

doAug. 24,1932Aug. 29,1932

Sept 7 1932Sept. 12,1932

doSept. 16,1932Sept. 20,1932Sept. 22,1932_ _ do

doSept. 23,1932

doSept. 24,1932... doSept. 26,1932Sept. 27,1932Oct. 1,1932Oct. 3,1932

dodo

Oct. 5,1932

24, 700

6,50048,86048,077

34, 280

49,10029,52049, 700248,080

35,72024,820

39, 700

24,700

50,00049,100(2)12, 500

50, 000

25, 000

24,46025, 000

197,11729, 70025,000

25, 000

19,980200, 000

24, 700

6,50048,86048, 077

34, 280

49,10029,52049, 700248, 080

35, 72024, 820

373,18039, 700

24,700

50, 00049,100(2)12, 500

50, 000

25, 000

24,46025, 000

197,11729, 70025,000

25, 000

19,980200, 000

82,029202,02229, 60099,98459,842411,75270, 50082,88031,140

233,51548,79682, 39635,610181,149

2,319,13548,30093, 20021,026555,000199,841

5, 353, 85019,00041,18040,13890,315106,91546,534(2)92,439

76,16837,85045,39440,250478,625146, 28331,96671,000.50,68444,009;163,93337, 50037,794292, 089;72, 53263, 574465,074459,529

137, 7181,674

669, 769208, S57326,850

425, 243588, 424221,886

795, 312155, 510283, 692197,957

2,365,834

371, 924376, 73950, 375

90, 295223,140218, 230365, 052596,47289, 066(2)535,967

705,94183, 048111,12776, 847

85, 505207, 58169,15434,768

1,180, 669309,97263, 288

143, 272152,171899, 703769, 705

n

ttef

d

2a

!

Footnotes at end of table p. 331.

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

Page 322: Annual Report of the Comptroller of the Currency 1934

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'

to

2147214821492150215121522153215421552156215721582160216121622163216421652166216721682169217021712172217321742175217621772178

217921802181

Name and location of bank

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

Organization

Char-terno.

124595526

101867252901719438751

105571099288559615889289416528930098999071

110286696

105965854

1185783922236649690469620227851156660

123511030453886060

Date

Oct. 24,1923June 7,1900Apr. 16,1912Apr. 23,1904Jan. 15,1908Jan. 27,1872Apr. 11,1907June 5,1914Apr. 17,1917July 20,1907Dec. 1,1909July 23,1907Oct. 9,1907Nov. 19,1902Dec. 9,1908Nov. 9,1910Feb. 20,1908June 25,1917Mar. 16,1903Apr. 29,1914May 29,1901Sept. 18,1920Sept. 13,1906Mar. 22,1875Sept. 11,1902Feb. 3,1908Nov. 24,1909May 25,1875Mar. 1,1898Mar. 2,1903

Mar. 31,1923Dec. 14,1912May 12,1900Oct. 23,1901

Capital

$100,00025,00035,00025,00025,00050,00025,00025,00025,00050,00025,00025,00025,00025,000

100,00050,000

100,000200,00025,00025,00025,00025,00050,000

200,00065,00025,00025,000

200,00050,00025,000

100,00025,00025,00050,000

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$18,00081,475

110,00047,250

166,750211,25034,00092,47513,00051,00045,62543,50035,050

229,000345,000160,500567,000282,00041,0008,500

111, 28535,000

186,5003,700,333

254, 50059,80061,750

2, 236,500720,000102, 750

134,00025, 25063,375

463,000

Failures

Capital

$100,00035,00050,00025,00075,00050,00025,00040,00025,00050,00025,00025,00025,000

100,000300,000100,000250,000400,00025,00025,00040,00025,000

100,000600,000100,00025,00025,000

500,000150,00025,000

200,00025, 00025,000

300,000

Receiverappointed

Oct. 6,1932Oct. 8,1932

doOct. 10,1932

doOct. 11,1932

doOct. 12,1932Oct. 18,1932

do _.Oct. 20,1932

do.do ._

Oct. 24,1932do -

Oct. 25,1932. do

Oct. 27,1932Oct. 28,1932Nov. 1,1932Nov. 3,1932

doNov. 4,1932Nov. 14,1932

dododo

Nov. 15,1932dodo

doNov. 18,1932

do .do.

Lawfulmoney

deposited

$24,16019,82050,00025,00074,997

9,82023,92048,92024,34012,5006,250

""I2 ,~5(J6~

24, 760

39,700

97, 240295,320100,00025,000

493,33750,0007,000

175,00025, 000

300,666

Circula-tion out-standingat date

of failure

$25,00019,82050,00025,00074,997

9,82023,92048,92024,34012,5006,250

""I2,"566"

25,000

39, 700

97, 240295,320100,000

25, 000

493, 33750, 0007,000

175,00025,000

300,666

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

$125,82059,43637,62553,29581,75050,92571,634

111, 48432,36430,61043,35431,91514,500

301,327147,525284,597400,00044,59129,03683,43751, 760

120, 2181, 500, 350

294,689

2,285,84462,585

287,14219,31250,000

965,408

Totaldeposits

at date offailure

$282,243207,05474,68796,540

407,206

158,781105,379433,15273,729

198,72790,298

421,439

188,910104,870263,834228,479366,917

9,605,721162,938156, 072106,313

4, 096, 7351,935,232

95,325

895, 548275, 283672,870

1,629,885

5

dttf

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Page 323: Annual Report of the Comptroller of the Currency 1934

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

284249856651

114805763

12680187463918560

1013110309112471096184243575

1214312055491677646002

115936984457332521862

1163469576459

1220910805132405524481353035689991090976354639548189595847333745482941844497533

122161054213269

July 26,1882Jan. 30,1895Feb. 16,1903Sept. 11,1919Mar. 25,1901Apr. 6,1925Aug. 10,1871July 26,1902Jan. 25,1907Jan. 23,1912Dec. 7,1912Aug. 26,1918Feb. 19,1917Oct. 20,1906Sept. 27,1886Mar. 13,1922Nov. 7,1921May 15,1893May 13,1905Oct. 3,1901Nov. 27,1919Oct. 9,1903May 18,1891Aug. 28,1884Aug. 11,1871Feb. 27,1920Sept 9,1903Oct. 4,1902Mar. 10,1922Oct. 16,1915Aug. 28,1928June 23,1900Oct. 22,1892Apr. 11,1900Jan. 12,1901Dec. 5,1910Mar. 21,1908Apr. 25,1902Aug. 18,1902Oct. 22,1892Oct. 26,1909Nov. 28,1906July 29,1885June 8,1900Apr. 17,1909Sept. 13,1890Dec. 9,1904June 1,1922Mar. 21,1914Dec. 26,1928

200, 00050,00030, 00050, 000

200,00050,00050,00025, 000

125,00025,00025,000.25,00025,000

500,00050,00050,000

300,00050,00025,00030,00025,00050,00050,00050,00065,00035,00025,00025,00050,000

100,00050,00025,00050,00025,00050,00025,00025,00025,00050,000

100,00025,00055,00050,00035,00030,00050,00025,000

200.00050,00040,000

504, 500158, 750202,800

978,0007,000

517, 71535,875151,87516, 50012,000

23,0001,363,500939, 66042,000129,499349, 75069,000107,6504,00055,500285,550311,500541,1257,000

118, 50092,50019,500181,000

103,375297,000316,250521, 54224,00049,00044,400173,000341,02559,500148,500205,250107, 55099, 600299,25090, 50044,000127,1755,200

150, 00050, 000120, 00050, 000500,00050, 000100, 00025, 000125, 00025,00025,00025,00025,000700,000200,00050,000800,000100,00025,00050,00025, 00050,000150,00050,00065,00035,00050,00050,00050,000100,00050,00025,000100,00050,000150,00025,00025,00030,00050,000125,00025,00055,00050,00040,00060,00050,00025, 000200,000100,00040,000

Nov. 21,1932dodododo

....doNov. 30,1932Dec. 1,1932...do....do.Dec. 2,1932. do

Dec. 8,1932Dec. 9,1932Dec. 10,1932Dec. 12,1932Dec. 13,1932Dec. 16,1932

doDec. 19,1932Dec. 22,1932

dodo -

Dec. 27,1932do. -

Dec. 28,1932Dec. 29,1932

dodo -

Dec. 30,1932...do

do -Dec. 31,1932

doJan. 3,1933Jan. 4,1933

do . _Jan. 5,1933

doJan. 10,1933

do.. do

Jan. 12,1933_ dodo

. dodo

Jan. 13,1933do

Jan. 16,1933

492,740

100,000

67, 50024, 7607,000

665,00082,000

49,76024,700

4,90050,000147,18049,58041,250

25,00049,64096, 580

22, 69549,46049,695100,00024,640

24,76039,760100,00024,64015,00050,00040,00060, 00048,80025,00096, 52096, 520

492,740

100,000

102, 75024, 7607,000

665,00082,000

49, 76024,700

15,22050,000147,18049,58041,250

25,00049,64096,580

25,00049,46049, 695100,00024,640

24, 76039,760100,00024,64015,00050,00040,00060, 00048,80025,00096, 52096, 520

191,000172,602

26,156742,14649,08891,61327, 038199, 99939,68310,00035,84367,942

3,261,216204,61050,000

3,051,01393, 20124,50354,04617,89486,184260,49514,05080,73442,28695,00069,19038,33098, 66610,00021,469291,068

106,06843,43957,87710, 52589,577447,84941,59521,50067,63931,951273,150122, 48131,482473,029146,80064, 239

5,090,45887,167489, 542

737, 62915,49292, 59383,934137, 536

4,020,5371,592,412

3,265509,05176,41141,728

282,3021,041,644278,645277, 21936,726411, 533545,910222,417220,005230,63485,834

1,062,7001,164, 6062,317,165148,58339,404105,924198,280864,02979,143455,666169,323304,892589,428645, 518325,113

1, 265,769573, 249205, 704

B

Footnotes at end of table, p. 331.

oo

Io

0000

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Page 324: Annual Report of the Comptroller of the Currency 1934

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

13592112601294439189368103791249154102049377351541018785047793518034323682

26475873959125278914934786379831954

129993774

11007125109439

Jan.Oct.Feb.JuneMar.Apr.Jan.MayAug.Aug.Oct.Apr.Dec.JuneJan.Jan.Feb.

MayFeb.JuneOct.Mar.JulyJan.Mar.Oct.Mar.JulyJuly

15,19327,191824.192628,18886,190922,191312,192418.190023,18721,1887

20.189813,191218.19063,190517.18994.18868.1887

20.190114,188214,190125.190924,188131.19079,190927,190712.19106,18653,192626,1887

Apr. 28,1917Feb. 20,1924May 7,1909

$150,00050,00030, COO50, 00025,00030, 000300, 000100,000100, 00050,00050,00030, 000

1, 000, 00025, 00050, 00050, 00050, 000

100, 00050,00025,00025,00050, 00025,000200. 00050,00050, 000100, 000100,00050,000

50,000100, 00025,000

$73,0005,700

102, 350129,000252,100

221,0002. 834,000320, 000138,00027, 000

2. 982, 77128,850214, 000477, 500309, 732

691, 000450, 84251, 25066, 750

1, 503, 86071, 500

602, 40090, 750184,000480, 500

$250, 00050, 00030,00025, 00050,000200,000300, 000

Jan. 16,1933Jan. 17,1933

.do.Jan. 19,1933

do.do.

$49.70034,10019,280

$49, 70034,10019, 280

24,700 24,700

239,404

12, 50014,00026, 750

100,0002,000,000

100, 00050,00030, 000

2, 000, 00025, 00050,000

100, 000100, 000

600, 000200, 00025,00025,000

300,00025,000

300,00050,00050,000

100,000100,000100,000

50,000100,00025,000

dodo

Jan. 20,1933dodo.

Jan. 21,1933do.

292,440100.000

(2)63,98049,997

292,440100, 000

(2)63,98049,997

Jan. 24,1933do

Jan. 25,1933Jan. 27,1933

dodo

Jan. 30,1933do

1,701,58025,00049,64075,000100,000

300,000

1, 701, 58025,00049,64075,000100, 000

300,000

$1,410,85697,38863,08529,262114,042136,445351,160106, 695

207,68820, 24336, 309

dodo

Jan. 31,1933Feb. 1,1933Feb. 2,1933

dododo

25,00024,700296,1006,250

200,00050,00037,200

25,00024,700296,1006,250

200,00050,00037, 200

2,119,97719, 21967, 571262, 262168,800

4, 575, 657203,49926,64261, 755

3,662.25841,000110,000

100,00025,000

100,00025. 000

Feb. 4,1933do—

100,00025,000

100,00025,000

82, 52985,83987,09660, 774

25,641122,66910, 500

$1,944, 442423, 629205,70991,820452,759

853,9661,288,085(2)355, 23871,163

11, 258, 78158, 111368,128

1,028, 225421, 555

5, 439, 556

156, 79294,349

7, 674,055209,308

2, 679,849266,088236, 786

279, 652305,040

87,997288,89173,144

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Page 325: Annual Report of the Comptroller of the Currency 1934

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,

S. C.7

Footnotes at end of table, p. 331.

6007 Oct. 21,1901

702119343059561310192525531883196360781499563958513062

1304971991246810074550312422744656065793619411314847134419755953711553126431242095028703

105278302216

134828816492649377653

125376871

Sept.JuneSept.Sept.MayJan.MayMayNov.Mar.Sept.Oct.Apr.

Dec.Mar.Mar.Aug.Aug.JuneJulyOct.Sept.Apr.Apr.Feb.Dec.Dec.Apr.JulyNov.Feb.JulyAug.Apr.

Apr.JuneJan.JulyJuneMayJuneFeb.Apr.July

24.19039,18728.188325,19004,191216. 190012.18843.188420,188615.190621,190923.19095,1927

21.19055,19279.19047,192311,191111.190023,192318.190428.190023.19013.19025,19194,190628.188513.191020,190919,19199,192528.19234,190924.1907

22,191425.19068,186411,193013.190724,18931,18938.190530.19244.1903

25,000

25,00050, 00050,00025,00025, 00050,00060, 00050,000100, 00050,00025,00050,00075,000

25,00025,00025,000250,000100,00050,00025,000300,00050.00025,00035,000100,000100,00050,00025,000400,000100,000200, 000100,000

1,000,000750,000

5,000,00025,000175,00075,00030,00050,000150,000100,000100,000500,000

50,250 25.000 Feb. 6,1933

140,900480,925171, 500207,00011, 250

323, 500422,420406, 500651,000106, 50011, 37554, 500

50, 50020,000325,000146,500

1,996, 250176, 50062, 65254,77556.000185,000508, 50062,000402,000130, 50029,00049.000

2.027. 7506, 032, 500

15, 664, 70825,250

1,514,5006.00058,184180,500573, 250182,00030,000895,030

80,00075,00050,00050,00025, 000100, 000150,000100, 000100, 00050,00025,00050,000100,000

100,00025,00025.000250,000300,000100,00050,000

1,000,000200,00050,00035,000100,000100,000200,00050,000400,000150,000200,000100,000

1,200.00010,000,000

25,000,00025,000300,00075,00030,00050,000250,000100,000100,000500,000

doFeb. 9,1933

do.—_do

doFeb. 10,1933Feb. 13,1933

do..do.dododo

Feb. 14,1933

Feb. 15,do..do.

1933

Feb. 16,Feb. 17,Feb. 23,Feb. 27,Feb. 28,Mar. 1,Mar. 3,

do.

1933193319331933193319331933

Mi ir. 8,Mar. 9,M IT. 10

do

193319331933

Apr. 8,Apr. 15,Apr. 22,Apr. 25,May 8,May 11

193319331933193319331933

MayMayJuneJuneJuneJuneJuneJulyJuly

19,193323,19333,19335,19338,193323,193326,19331,19335.1933

25,000

50,00075,00049,40049.1006,250

149,28099,40099,100

6,320

100,000

~984,~466"

25,00035,000

100,00091,66044,040

24,8201,149,9004,844, 240

9,351,06023,430281,46075,0007.260

49, 580

67,380100,000390,000

25,000

50,00075,00049,40049,1006,250

149, 28099,40099,100

6,320

100,000

984,466

25,00035,000

100,00091,66044,040

24,8201,149,9004,844,240

9, 351,06023.430281,46075,0007,26049,580

67.380100,000390,000

48, 451

119.986156,65827, 20797,0896,759

102, 20085,648205,879198, 48367, 70521,00051,196235,683

141,63410, 64568,208671, 691981,50029,16586,000

2,198,968(2)84,90877,10012,862194,033637,81070,498110,000615,482491,147110, 7155,6925,146

16,250,0009,689

575,063651,237103,232231,546

61,129451,913837, 585

99,154

298,421674,399145,369305, 25364,950

525, 2641, 515,954998,004

299,645

427,36189, 557284,451931,445

208, 579

10,147,360(2)244,166175,9589,009

464,6971,507,174769,103

1,839,8911,119,733468,374

19.807,968113,966,273

398, 763,166204,918

2.391,485651,31187, 518

1,137.021250,000522,928

1,516,0782, 282,965

3S

o

o

o

00I—I

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Page 326: Annual Report of the Comptroller of the Currency 1934

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

103331298887983448282

1195113115136476643532873821190710449876821727828109437081356

601949965198

8904919492591023428082928627311697100411446

Feb.Aug.JulyNov.Dec.Mar.JuneNov.Feb.Apr.Mar.Dec.Sept.JulyMar.JuneOct.Dec.June

Oct.Apr.MayAug.Mar.Sept.JuneApr.Apr.Sept.Apr.MayApr.MayJune

10,19136,19268,190716,188524.186318,192121,192717,19329,190325.19007,19046,19206,19133,19066,187417,190516,191615.18641,1865

28.190117,189516,189910,190716,187111.190716.190810,190826,191226,18824,188319.190214,192025,191124.1865

$25,000100,00050,00050,00063,00050,000100,00025,00025,00025,00025,00040,00025,00025,000100,00025,00025,000150,000100,000

50,000100,00050,00025,00075,00035,00025,00025,00050,00050,00050,00025,00050,00040,000150,000

$36, 25013,000168,500224,500313,04157,000

120,50082,00063,50055,60048,500128,000229,00079,50025,250

1,080,750571,000

151,000943,000101,50055,500595,41568,13619,75014,00048,000505, 314608,400190,22015,00095, 700

1,156,500

$50,000125,000150,00050,00050,000200,000100,00025,00075,00025,00025,00040,00025,00075,000100,00025,00025,000150,000100,000

200,000400,00050,00025,000200,00035,00025,00025,00050,000100,000125,000100,00050,00040,000150,000

July 11,1933July 13,1933July 18,1933July 21,1933

do— .do

$150,00012,50050,000

— _doJuly 25,1933July 27,1933-—doJuly 28,1933

dodo

Aug. 2,1933Aug. 3,1933

dodo-

Aug. 4,1933do

Aug. 5,1933Aug. 8,1933

do.. . - d oAug. 10,1933Aug. 15,1933

do- — d o

do.

75,00024,52025,00040,0004,26050,00099,20025,00024,220150,000100,000

200,000385,560(2)25,000

—doAug. 16,1933

do.do

Aug. 18,1933do._

34,40025,00025,00049,40065,000100,000100,00024, 55010,000149,100

$150,00012,50050,000

395

75,00024,52025,00040,0004,26050,00099,20025,00024,220150,000100,000

200,000385,560(2)25,000

34,40025,00025,00049,40065,000100,000100,00024,55010,000149,100

()$142,482260,662145,835174f 654

1,261,41184,87348,241146,334

36,60264,580

271,507267,05318,937156,563221,421239,346

1,066,4941,228,806(2)10,063128,71853,89118,23871,22911,946161,364209,945194,09275,86055,96331,896

$635,9612, 252,104425,693365, 282

1, 274,413196,11470,846522,520232,48259,173109,010

400,0641,383,568215,390187,183

1,151,757279,282

1,509,5862,383,566(2)87,626

200,97862,568442,080174,650586,550569,447

1,369,69681,124117,229

4,373,399

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Page 327: Annual Report of the Comptroller of the Currency 1934

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.

34509100

130571326439314877641966289932

109871132412009124281533481589

2057109681224895496865

1121611424

36330723736360980429709589488119223

117631253148676770

1070711598136006727

119986626

11988121451260367434610

101911327913307

Jan. 23,1886Feb. 26,1908Jan. 26,1927Dec. 5,1928Oct. 5,1888Feb. 24,1893Sept. 2,1902Feb. 9,1903Jan. 19,1911Apr. 17,1917Mar. 11,1919Aug. 19,1921June 27,1923June 28,1865June 23,1864Nov. 7,1864Aug. 30,1872Mar. 24,1917Aug. 7,1922Aug. 19,1909June 26,1903July 17,1918July 29,1919Jan. 1,1864Nov. 1,1883June 7,1887Dec. 8,1886Dec. 18,1905Mar. 7,1910June 29,1901July 6,1907Aug. 14,1908June 16,1920Mar. 8,1924Feb. 14,1893Apr. 2,1903Feb. 16,1915Sept. 11,1919Feb. 26,1932Apr. 14,1903June 22,1921Feb. 7,1903June 16,1921Feb. 18,1922Oct. 6,1924Apr. 1,1903June 11,1891Apr. 23,1912Jan. 29,1929Mar. 21,1929

50,00030,00025,000200,00050,00050,00025,00025,00030,00050,00025,00040,00050,000100,000200,000100,000100,00050,00035,00025,00075,00025,00025,00075,00050,000100,00050,00025,00025,00025,00030,00025,00030,00025,00050,00025,00050,00025,000500,00030,00025,00050,00025,00025,00025,00025, 00050,00025,00025,000150, 000

376,000108,6001,125

315,000407,500493,50086,00030,00019,0505,00023,50020,4001,000

1,306,7631,321, 500495,000555,51541,5219,80069, 250

4,2506,750

1,699, 750235,625234,000243,88448, 37531,500101,50090,150100, 00020, 2505,750

132,10943,449181, 5005,500

98, 74720, 25054,00058,000

6,00059,000204,00035,000

36, 750

100,00030,00025,000

600,000100,000200,000

25,00050,00025,00050,00025,00040,00050,000

700,000200,000100,000100,000

75,00035,00025,000

150,00025,00025,000

100, 00050,000

100,000150,000

25, 00025,00050,00030,00050,00030,00025,00050,00037, 50050,00025,000

500,00075,00025,00050,00025,00050, 00050,00025,00050,00025,00025,000

150, 000

dododo

Aug. 19,1933Aug. 23,1933

do -- .do

.__ dodododododo

Aug. 24,1933Aug. 29,1933

dodo

Aug. 30,1933Sept. 5,1933

dododo

Sept. 6,1933do

. doSept. 9,1933Sept. 11,1933

doSept. 12,1933

dodododo... ..do

Sept. 13,1933dododo..do

Sept. 14,1933do

Sept. 15,1933do_.dodo

Sept. 16,1933Sept. 18,1933. dododo

30,00024,460197, 50099,99550,00025,00050,00023,000

700,000199,997100,000100,000

35,0006,250

100,00050,000

150,000

6,50050,000

10,000

49,64010,000

25,000500, 00075,00010,00050, 00025,000

50,00025, 000

150, 666

30,00024,460197, 50099,99550,00025,00050,00023,000

700,000199,997100,000100,0002,09535,0006,250

100,00050,000

150,000

6,50050,000

10,000

49, 64010,000

25,000500,00075,00010,00050,00025,000

50,00025, 000

156,666

164,91551,46917,401168,675341,987

35564,82045,42146,9419,093

162,64676,020

1,329,0048,5136,824

127,65932,04136,85730,918

26, 2214,748

363,408131,937105,26982,354

38, 22880,324

55, 677

64, 73520, 562

8,86433,90081, 69816, 76814,10041,374

72,29517,94564,00091,3652,863

232, 780

186,777110,618

5,476,286215,885

1,750,670154,917195,14795,993119,068151,99339,433119,480

8,211,6051,923,4342, 375,863539,425640,872255, 690103,600

96,0081,099,298449,877

922,390

106,019727,559

142,416

(2)178,936369, 729

44,8867, 227,894331, 57858, 555254,91794, 298

350, 035

164,078127,68523,118

1, 228,306

OO

o

3o1

CO

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Page 328: Annual Report of the Comptroller of the Currency 1934

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

00

23932394239523962397

?398239924002401240224032404240524062407240824092410241124122413241424152416

2417

24182419242024212422*4?32424

Name and location of bank

First National Bank, Dardanelle, Ark.7

First 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

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

Organization

Char-terno.

11276112386497

128483293

891959997025878598546598801583749525

103821057213433722675758620

105511292812951

70

2119527854766480900691899492

11043

Date

Nov. 26,1918Aug. 30,1918Oct. 28,1902July 17,1925Jan. 2,1885

Oct. 15,1907Oct. 7,1901Sept. 3,1903June 27,1907July 20,1910Nov. 8,1902Nov. 11,1905July 23,1906Aug. 3,1909Mar. 31,1913M a y 23,1914Feb. 17,1930Apr. 11,1904Jan. 12,1905Mar. 4,1907M a y 5,1914Feb. 8,1926June 25,1926

M a y 11,1882

June 19,1873Mar. 20,1900June 11,1900Sept. 25,1902Jan. 4,1908June 29,1908Apr. 14,1909July 14,1917

Capital

$25,00025,00050,00075,000

500,000

25,00025,00025,00040,00025,00025,00025,00025,00025,00025,00025,00030,00025,00050,000

100,000125,00025,00050,000

100,000

50,00050,00025,00030,00025,00025,00025,00025,000

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$17, 7503,750

214,000

3,405, 434

28, 250102, 75042,00072,40054, 25062, 25036, 625

130, 97045,87542, 25040, 900

2,70047, 200

189,000143,000246, 250

336,000

466, 325121, 50073,00098, 40042, 250

112, 50022, 50019,750

Failures

Capital

$25,00040,00050,00075,000

1,000,000

25,00050,00025,00040,00025,00025,00025,00025,00025,00025,00040,00030,00025, 00050, 000

100,000125,00025,00050,000

50,000

130,00050.00025; 00060,00025,00025,00025,00025,000

Receiverappointed

Sept. 19,1933Sept. 20,1933Sept. 21,1933Sept. 22,1933Sept. 25,1933

Sept. 26,1933dododo

Sept. 27,1933dodododo

Sept. 29,1933do

Sept. 30,1933Oct. 2,1933

dododo

Oct. 3,1933

dododododododo

Lawfulmoney

deposited

$12,50025,000

500,000

10,00012, 50039,69525,00025,00025,00025,00019, 70025,000

24, 70050,00098, 700

100,000

25,000

49,990

129, 99750,0006, 250

30,00025,00025,000

25,000

Circula-tion out-standingat date

of failure

12,50025,000

500,000

10,00012, 50039, 69525,00025,00025,00025,00019, 70025,000

24, 70050,00098, 700

100,000

25,000

49,990

129,99750,0006, 250

30,00025,00025,000

25,000

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

$125,687382,484115,138

2,456, 322

14,00320, 46511,51514,11695,00630, 57338, 26032, 31210, 72949, 56715, 51327, 89231, 99538, 37563, 598

271, 5938,568

72,889

39, 567

208, 609126, 51863, 980

325, 78318,14749, 59922, 4938,915

Totaldeposits

at date offailure

$284,360676,873215,919

12, 838,053

72, 348330,062120,344218,128380,01498,89190,137

106,11590,628

143, 72981,10588,61867,603

207, 223421,683811,45537,185

206,199

189,435

823, 656271,564137,083

1,026,470132,709115,26385,00294,153

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Page 329: Annual Report of the Comptroller of the Currency 1934

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

Peckville National Bank, Peckville, Pa.7

126491204912335129239384901897921292875327996741279312869130825313707310642

128493933

947455062186102167603

1261812559

5208788770001655135609874109496889

99551079029711363405827745095943662966327785

Jan.Nov.Mar.Feb.Nov.Dec.Mar.Sept.Jan.Dec.Jan.MayDec.MayApr.D3C.June

21.192516,19219, 1923

19.19262,191014,19077,186515, 187311.188323.188418; 191020, 1925IS, 192527, 19273, 190014.190311,1914

Nov. 4,1925Sept. 7,1888

June 30,1909June 19,1900Aug. 19,1874June 20,1912Dec. 27,1904

Dec. 22, 1924June 12,1924

JuneAug.Sept.MayJuneSept.Jan.June

Mar.Oct.Feb.Apr.Oct.MayDec.Aug.Jan.Jan.Feb.

6,189925.19058,19038, 186529,19317, 191019, 191712,1903

2,19114,191513.186413.18658,188524.190623,18906,190114,190315,190324,1905

50, 00030, 00025, 00050,00025,00025,000

125, 00050,000

120, 000100,000

50, 00025, 00025, 00050, 00030,00025, 00025, 000

100, 00060, 000

25,00040,00050, 00025,00025, 000

25,00050, 000

100, 00030,00025, 00050, 00050, 00025,00025, 00025, 000

200, 00025,00050, 000

200, 00075, 00025,00050,00025, 00025,00025,00050,000

74, 50033, 3008,000

60, 00078, 250

661, 750366, 250

1, 215, 729473,000132, 000

1,90017, 500

115,50044. 5008,750

6,568130,105

80, 25052, 850

329, 69230, 75068, 000

4,2503,000

268, 50091, 200

232,000254, 000

207,2507,750

83,100

4, 630, 00035, 500

487, 750412, 250419,875108,550168, 06346,000

111,75091,125

240,125

50, 00030, 00025,00050,00040, 00050,000100,00025, 000

300, 000100, 00050, 00025, 00035, 00050, 00050, 00025, 00025, 000

100, 00060,000

100, 00025, 00050, 00025,00025, 000

25, 00050, 000

250, 00060,000100, 00050, 00050,000

200, 00025,00030, 000

2, 000, 00025, 000100, 00050, 000200,00050,00025,00025, 00050,00050, 000150, 000

doOct 4 1933

dodo

Oct. 5,1933Oct. 7,1933Oct. 9,1933

dododododododo

Oct. 10,1933. . . . d o .

do

doOct. 11,1933

do .do

Oct. 12,1933do

Oct. 13,1933

dodo

dodo

. . do .dodo

Oct. 14,1933do

Oct. 16,1933

doOct 24 1933

dodo _ _dodo

Oct. 25,1933d o .do .dodo _

40,000

25,00025,00025,000

200,00024,82050,00020,000

50,00025,000

100,00060,000

25,00024,70049,640

49, 550

98, 56010,00098,02049, 600

100,000

29,997

300, 000

100,00049, 997

100,00048,920

25,00050,00025,00049, 250

40,000

25,00025,00025,000

200,00024,82050,00020,000

50,00025,000

100,00060,000

25,00024,70049, 640

49,550

98, 56010,00098,02049, 600

100,000

29,997

300,000

100, 00049,997

100,00048,920

25,00050,00025,00049,250

121, 76854, 78127,300

143,159(2)51,845

3597,071

38, 74470,181

206,87318,82023, 606(2)44, 31510, 56112, 272

376,731

110,21130,32355,552(2)

114,917

38,04790,826

361, 002132,043223,499216,869176,429255,85520,16440,730

6, 766,10367,92416,000

117,267210,639206,731

25,9027,332

87,46737,678

254,449

151,604244, 26386,156158, 294(2)102,397405,790223, 540

2,462,0952,167,633228, 502166, 910142, 636(2)36, 623104,199124, 111

1,163,5451,004, 256

402,07730,178525,762(2)352,312

144,953203,091

626,472272,566850, 604202,972179,024

2,346,90572,666500,122

18,382,675237,075886,020844,498

1,420,988724,744

32l,~755250,425722,609

1,371,986

Footnotes at end of table, p. 331.

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Page 330: Annual Report of the Comptroller of the Currency 1934

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

COtoo

247024712472247324742475247624772478247924802481248224832484

2485248624872488

24892490249124922493249424952496249724982499250025012502

j

Name and location of bank

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

Farmers First National Bank, Rake, Iowa 7

Organization

Char-terno.

872395209759

10307116171254910620

15543135469560976259606

11489

12274185225724055

65817555

11895134995511489754125571643483528970911696499737

11735

Date

May 6,1907July 12,1909Mar. 23,1910Dee. 20,1912Jan. 31,1920Mar. 29,1924May 25,1914Nov. 25,1863May 2,1890May 19,1900Oct. 2,1900Feb. 21,1905Sept. 28,1909Oct. 16,1919

Nov. 8,1922June 27,1871Oct. 1,1881May 23,1889

Dec. 5,1902Dec. 6,1904Dec. 6,1920Oct. 29,1930July 14,1900Apr. 7,1893May 17,1900July 13,1900Apr. 23,1902Aug. 22,1906Dec. 3,1907Apr. 6,1908Jan. 5,1910Mar. 10,1910May 12,1920

Capital

$25,00025,00025,00050,00025,00025, 00025,00050, 00075,00050,00025,00025,00050,000

100,000

50,00050,00050,00050, 000

25,00050,00025, 000

300,00025,00050,00025,00025,00025, 00025,00025,00025,00065,00025,00025,000

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$33,50034,25055,50054,5008,750

23,000712, 250276,000193,000119,00041, 50084,00037,000

4,500274,875187, 250163,500

61,62568, 50047, 50024,000

133, 550185, 37553, 55061,053

106, 50018, 750

105, 65030, 50072,15032, 750

Failures

Capital

$25,00025,00075,00050,00025,00025,00025, 000

150,00075,000

100,00075,00025,00050,000

100,000

75,00075,00050,00050,000

25,00050,00025,000

300,00060, 00050,00040,00025,00025, 00025,00050,00025,00065,00025,00025,000

Receiverappointed

Oct. 25,1933dodo

. . . . do. . . d o

dodo

Oct. 26,1933dodododo _.dodo

doOct. 27,1933

dodo

. . . dodododo .do

Oct. 30,1933do .do .dodododododo . ,

I do

Lawfulmoney

deposited

$6,2506,500

75,00012,500

12, 500150,00049,997

100,00075,00025,00049,99725,000

49,580

24,700

50,00025,01011,76025,00019,82037,02025,00044,99725,00016,000

Circula-tion out-standingat date

of failure

$6,2506,500

75,00012,500

12, 500150,00049,997

100,00075,00025,00049,99725,000

49,580

24,700

50,00025,01011,76025,00019,82037,02025,00044,99725,00016,000

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

$37,644114,807107,020105,39418,45046,911

116158,998123, 668253, 73252, 29545, 950

144, 217227,083

102, 202200,415

37,877

18,46046,48175,278

66,57077,00930,79053, 75135,81441,807

107, 24025, 728

228, 71822,15450,827

Totaldepositsat date of

failure

$82,10772,103

204,925140,75354,644

188, 744150, 239

2,300, 280454, 553

1,085,45392,53355,903

264,0571,127,066

122, 202405, 683

397,671

248,228169,332157,051

285, 507115,79892,944

339,69092,802

174,929106,128384,528

65,92780,036

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Page 331: Annual Report of the Comptroller of the Currency 1934

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

8239272847895200672281191068410861

1003611682

103161964499965437031828983851076013451117793285

796557436870789782928900907211195112361291213341221880745678359545103341074212500

136543827962640414825542

MayMayAug.JuneApr.Jan.Dec.MayJan.Oct.Mar.

Jan.Mar.MayNov.Nov.JuneSept.JuneApr.JuneDec.

Oct.Feb.JuneJulyJuneSept.Oct.Apr.Aug.Nov.JuneJan.Jan.Oct.JuneSept.Feb.MayFeb.

18,190623,1882

1,189220,18991,1903

24,19069,19142,1916

15,192626,19105,1920

15,191315,18728,189520.19023,1903

27,190612,190622,19152,1930

22,192020,1884

20,190528,190111.190313.190514.190616.190725,190723,191815,19187.1924

17,19294,1864

28,186511.190422.19058,1909

10,191324,19154,1924

Dec. 30,1932Aug. 15,1887Sept. 30,1909Mar. 26,1864June 5,1865July 12,1900

25,00075,00050,00050, 00030,00025,00025,00025,00025,00025,00025,000

500,00050,00050,00025,00025,00025,00040,00025,00025,00040,000350,000

25,00025,00035,00025,00025,00025,00025,00025, 000100,00050,000200,000100,000100,00025,00025,000400,000100,00025,000250,000

1, 500, 00050.00050, 000100,00050,00050,000

99,500533, 500119,446180,000120,39266, 75013,50015,000

111, 25014, 750

3, 078, 979397, 500182,00088,00059,00055, 250158,00021, 750

12, 4002, 084,750

92,50033,00064, 40019,12596, 75027,50036,00019, 50090, 5006,000

4,039, 3491,025,653

94, 250163,167

1,081,500125,00085, 250

374, 50053,500

615, 500501,500215,000

50,000100,00025,00050,00040,00025,00025,00025,00025,000100,00025,000

2, 000,00050,00050,00050,00025,00025,00050,00025,00025,00040,000

1, 750, 000

75,00025,00035.00025,00050,00025,00025,00025,000100,00050,000200,000600,000300, 000100, 000100,000

1,000,000100, 00050,000250,000

1,500,000100,000100,000100,00050,00050,000

doOct. 31,1933

.do,_do._do-_do._do..do._do._do._do.

doNov. 1,1933

.do..do...do..-do-do _..dododo

Nov. 2,1933

doNov. 3,1933

do.. . . . -do

do..—do

dodo.do

—.dodo

Nov. 6,1933do.

..do-..do.._do.-do-_do._do-.

. . . . .doNov. 7,1933. . . . do -

dodo

Nov. 8,1933

12,50049,76040,00025,00024,82025,000

23,950

49,81750,00050,00050,000

6, 50019,820

1,750,000

25,0009,00019,64037,49525,00025,00024,05098,05050,000

~ 596," 700*300,000

6,250

99,99750,000

12,50050,00099,997

45,800

12, 50049,76040, 00025,00024,82025,000

23,950

49,81750,00050,00050,000

6,50019,820

1, 750,000

25,0009,00019,64037,49525,00025,00024,05098, 05050,000

'"596,-766"300, 000

6,250903, 00099,99750, 000

12,50050, 00099,997

45,800

()31,400106,95360,43838,90242, 58684,09323,625315,352102,784

4, 289,12946,05689, 20649, 21930, 55222,00011,11913, 5855, 718

40, 302* 7, 779,415

100, 22947,59563,10722,24156,50431,02615,0008,232

186.41748, 342225,321

152,10982,52971,813

1, 061,693189,64327,272

« 295,941

2,944, 618788,4615,277

31, 258178,4832,013

()74, 446167, 552315,152104, 041149,150167, 74766, 264259, 313396, 538

9, 583, 792184,030284,97378, 511144,109116,742212, 597156,136125,158185, 578

14,447,112

149, 52598,004205, 282287,888

200,996118,518

1,122,929516,893297, 072

6, 647, 2085,976,675

436, 8652,000, 0386, 077, 504526,249768,019(4)

9,883, 0452, 498,106667,946350,617637, 272388, 417

g

Footnotes at end of table, p. 331.

d

o

CO

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Page 332: Annual Report of the Comptroller of the Currency 1934

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

toto

2550255125522553255425552556255725582559256025612562256325642565256625672568256925702571257225732574257525762577257825792580

25812582

Name and location of bank

First National Bank, Huttig, Ark.7

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 _ _ _ _ _

Garrett National Bank, Oakland, Md.7

National Bank of Commerce, Adrian, Mich.7

Organization

Char-terno.

100601259723925695512

332310593110451268413555

962750994628780

1246311655117627256

12630131452570351569927469

13233107791383418947286359

651465889421

Date

July 8,1911Sept. 15,1924July 27,1878Dec. 3,1900Aug. 1,1864Mar. 3,1885July 24,1914June 2,1917Apr. 7,1925June 4,1931Mar. 14,1865Nov. 12,1904June 19,1909June 5,1907Oct. 26,1923Feb. 17,1920June 12,1920May 5,1904Jan. 14,1925Nov. 1,1927Sept. 12,1881May 18,1886Aug. 24,1903Oct. 25,1904Aug. 14,1928Aug. 3,1915May 22,1865Dec. 4,1889Apr. 2,1892July 17,1902

Nov. 1,1902Jan. 15,1903May 10,1909

Capital

$25, 00025,00050, 00025,000

100,00050,00050,00050,00035,00025,00075,00050,000

200,00025,00075,000

200,000400,00030,00025,00050,00050,000

100,00030,00025,00025,00025,00050,000

100,00050,00025,000

25,00050,000

100,000

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$86, 3751,000

744, 50079,900

2,932, 500291, 500

75, 50021, 500

432, 625232,450

1, 227,00035,75015,000

246,941247,000

51, 20011,000

686,0001,155,000

113, 20065, 2265,000

122,000253, 750768, 681613, 500

83, 613

162,075301,250186,000

Failures

Capital

$25,00025,000

125,00050,000

1,040,00050,00050,00050,00035,00025,00050,00050,000

400,00025,00075,000

400,000200,00030,00025,00050,000

400,000700,00080,00030,00025,000

100,00050,000

350,000400,00025,000

100,000100,000100,000

Receiverappointed

Nov. 8,1933do

Nov. 9,1933do

Nov. 10,1933dodo .do

doNov. 13,1933

dodo

Nov. 14,1933dododo

Nov. 15,1933dododo

Nov. 16,1933dododo

Nov. 23,1933Dec. 5,1933

dododo

dodo

Lawfulmoney

deposited

$25, 000

50,666

56,666

50,000

25,00050,00024,640

400,0006,300

335, 480

25,00050,000

399,995692, 200

30,000

100,00025,000

350,000400,00025,000

98,44098,917

100,000

Circula-tion out-standingat date

of failure

$25,000

50,666

50,666

50,000

25,00050,00024,640

400,0006,300

335,480

25,00050,000

399,995692, 200

30,000

100,00025,000

350,000400,00025,000

98,44098,917

100,000

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

$21, 2033,000

162, 622

196,88329,07581,20853,175

61,62271, 60620.000

1,070, 78631, 520

1,106,937

44,93716, 27617,022

990,9274 650, 704

35, 65776,10340, 260

4 48,983

4 1,058

Totaldeposits

at date offailure

$89,901182,009

1,470,625107,000

6,075,283203.37773,590

200,503

59,5151, 204, 762

256,2134,478, 625

85, 417

3,080,041

71,122397,243

3,684,5154 3,311,455

156,591147,382

4 903, 3734 246,408

4 1,991,6284 4,063,308

4 100, 365

4 987,8634 816,7814 617, 558

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

Page 333: Annual Report of the Comptroller of the Currency 1934

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

Footnotes at end of table, p. 331.

1250612542

528410335933846810824117396029620565557428801990829457985211724

13185862977218291

939310800119872539529492181194410322283073664153593572

44205233131669192

65567305110579640

May 5,1917

Feb. 19,1924May 7,1924

Mar.Jan.JulyNov.Jan.MayOct.Mar.Dec.Sept.Nov.Mar.MayAug.May

24.190028,186531.190120,190629,19163,19204.19015.190212.19028,190423,190524.190810.190911.19104,1920

Mar. 6,1928Mar. 9,1907Mar. 25,1905June 22,1906

Apr.Mar.Nov.JuneJulyApr.JuneFeb.Jan.Nov.Aug.Apr.Nov.Oct.Aug.Oct.Jan.June

27.19071,19093,1915

14,192116,18812,19002,1908

28,192124,19133,18821,19042,1864

17,188625,186414,189031,189912,192819.1908

Dec. 12,1902Mar. 26,1904June 30,1917Dec. 29,1909Aug. 8,1863

25,000

200,000100,000

30,00050,00050,00050,00025,00025,00025,00060,00025,00030,00025,00025,00025,000100,00025,000

200, 00025, 00025,00025, 000

25,00025,00025,00025,000100,00030,00050,000100,00025,00050,00050,00050,00050,000100,000100,00050,00050,000100,000

25,00050,00025,00025,000110,000

2,000

84,00012, 500

184, 400675,476161,00070,500

29]500171,40085, 50097,40058, 50025,75019, 500197,000

61, 85081, 25039, 000

99, 25066,00021, 00011,000

467, 500391, 875169,0.008,0007,500

160, 50079, 500707,875459, 750 :558,184323,000204, 375

194,000

74, 75051, 00025,00054, 250

1, 643, 275

25,000

300,000100,000

50,000100,00050,00050,00025,00025,00025,00080,00025,00050,00025,00025,00025,000200,00025,000

200,00040,00050, 00025,000

75,00035,00025, 00025,000100,000100, 000100,000100, 00025,00050,00050,000100,000125, 00050, 000100,00050, 00050,000125,000

50,00050,00050,00025,000400,000

do

dodo .

Dec. 7,1933do

— -.do__ do

do -

Dee. 8,1933do

. do . _dodo

_. . do ... _do

-. do „„.. do

doDec. 9,1933Dec. 11,1933

do

do

dodo

Dec. 12,1933- . do

_ . do---doDec 13,1933

do_ - do .

dododo

- - doDec. 15,1933

do

Dec. 18,1933dodo.. ._do

Dec. 19,1933

49, 637

14,99549, 70049,40012, 50020,0005,000

24, 64058, 68016, 25049, 58025,00025,00024, 700199, 400

24, 347

10,000

24, 750

100,000

50,000

25, 00050, 00050,00099, 70099, 99750, 000

50,000

75, 000

12, 50050, 00025, 000

400, 666

49, 637

14,99549,70049,40012, 50020,0005,000

24, 64058, 68016, 25049, 58025, 00025,00024, 700199, 400

24, 347

10,000

24, 750

100,000

50,000

25,00050,00050,00099, 70099, 99750,000

50,000

75,000

12, 50050, 00025,00019, .000

4O0,,0Q0

(4)

* 162,4604 24,547

* 268, 771* 61,4964 65,7234 63,486* 24,0174 9, 554

4 10,652* 89,1964 67,7094 42,4234 10,5074 17,0784 91, 598294,9594 22, 5864 52, 0174 25,000(4)4 6, 253

63, 5374117, 3414 41, 7794 53,0024 47, 580422, 815

4 205, 56578, 8344 7,012

4 81,143(4)(4)(4)(4)564,117(4)(<)

4182, 266417,311'(4)

4123, 905(4)4 398, 080.

4 244, 743

* 1, 558, 0984 487, 6264 533,1324 189, 2374 256,4374 214, 5744 130, 7504 74,9714 84, 369

4 912,3494 131,1944 277,0614 29,865

4 129,475* 242.6991,064,8724 J9,484

4123, 6254 436,0144 960, 8134102, 590

4 322,1894103, 2994 281, 2754 441,898

41, 427, 8404 39, 619

4 382, 4614 581, 5094 831,1724 774, 2924 561, 6954180, 5644109, 7764 710,857

< 183,9134 515, 7194 235,8824 24.7, 4984 3,760,700

o§:

o

a

oFFT

a-

3o

to

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

Page 334: Annual Report of the Comptroller of the Currency 1934

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

First National Bank, East Palestine, Ohio7

Union National Bank, Massillon, Ohio 1._ _

131745707270850395541127711900128552270695364586662123381315413169178488201745152134826961785910493126168093110625414118933086601563101606418865931318

June 13,1865Apr. 1,1881May 16,1904Dec. 31,1906Aug. 25,1909Dec. 4,1918Oct. 18,1920Nov. 13,1925May 24,1875Aug. 14,1903Sept. 9,1902Jan. 27,1903Mar. 13,1923Dec. 12,1927Jan. 16,1928Aug. 12,1870July 22,1907Nov. 25,1870May 29,1865Feb. 17,1886Aug. 25,1903July 21,1905Feb. 17,1914June 14,1924Feb. 2,1906July 24,1917May 15,1900Oct. 28,1920Nov. 21,1903Oct. 29,1901Apr. 15,1902Oct. 25,1865Oct. 15,1889Dec. 20,1902June 10,1865

$200,00050,00050,000100,00040,00025,00050,00025,000200,00035,00060,00025,000100,00060,00025,000100,00025,00050,00050,000100,000100,00030,00025,000150,00025,00050,00050,000100,000100,000125, 00025,000200, 00050,00025,000100, 000

$1,828,000573,600114, 250118, 500132, 250

12,5007,875

815,000105,000192,00058,62576,000

426, 200115,300410, 500600,740339,000513,00049, 50074,5006,00089, 25039,750106,00073,000149,000829,37530,500

4,261,250261, 50037,250763, 250

$500,000200,00050,000100,00050,00025,00050,00025,000200,00035,00060,00025,000200,00060,00025, 000100,00050,00050,00075,000100,000100,00030,00025,000150,00025,00050,00050,000150,000100,000500, 00025,000

2, 500,00050,00025,000150,000

Dec. 19,1933do

. — d o. d o . .

$100,00050,000

$100,00050,000

— d o— d o... .do..

-do..

50,000 50,000

46,200 46,200o

....doDec. 20,1933Dec. 21,1933.—do

.do..

200,00035,00060,00024,700

200,00035,00060,00024, 700

.—dodo

Dec. 26,1933.do.

60,000 60,000

Dec. 27,1933Dec. 28,1933

dodo.

.....dodo.

— d oDec. 29,1933

doJan. 2,1934

do

100,00049,99750,00024,76049,40078, 57029,70025,00050,00010,00050,000

100,000

100,00049,99750,00024,76049,40078,57029, 70025,00050,00010,00050,00048,980100,000

.....do—doJan. 3,1934

do _.—do

do

372,45025,000

372,45025,000

$1,109, 418(«)• 25,006100,000(4)• 10,985• 74, 49412,300(•)(4)()• 1, 500

* 143,800(4)

()* 205,834145,162(4)

•109,013• 21,787* 98, 221(4)()81, 605

50,00025,000

50,00025,000

()* 24, 216

6,003,349• 1,880, 706

(4)142,508

$4,151, 235•1, 851,265

•206,043

•847,172• 136,639•516, 220

• 3,047,476• 121, 572< 644, 574• 101, 737

•1,040,462•429,248

i70, 271• 789, 352• 264,821•683,812• 501,937

• 1,398,506• 914, 290

541,345• 406,197• 637,057• 146,413• 192,961• 615, 353

•1,997,1904 2,489, 642

• 142,685

• 1,880, 706• 1,181, 407

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Page 335: Annual Report of the Comptroller of the Currency 1934

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

64205592736411793

4781601013002142542529304112576309534148268540973613577561910365116021321816536190980110228

12575129401311313450131794929566831923905128712577364344289507653

106506057108916435

127801198410628

Sept. 6,1902Sept. 4,1900June 20,1904July 2,1920

MayMar.Oct.MayJan.Nov.Sept.JuneApr.Nov.Jan.Mar.Nov.Nov.Apr.Jan.JuneJuneFeb.JuneJune

Aug.Mar.Aug.Apr.Feb.Sept.Dec.Apr.Apr.MayAug.Feb.JulyMayDec.Oct.Dec.JulySept.

23,18925,19017.192630,186527,189025.190821,191813,190221,190017,189230,190728,19109,19311,190015.191326,192014,192812,186512,190228,191026,1912

30,192418,19268.19273,19304.19289,189326,19008,188426,188820,186514,192428,188715,189025.19099,186419.19147,190125,191615,1902

June 22,1925June 14,1921June 9,1914

25, 00030,00025,00050,000

50,00025,00050,000100,00050,00050,00025,000100,00050,000100,00050,00050,000150, 00025,00025, 00025, 000100,000100,00050,00050,00050,000

40,00050,000100,00025,00050,00050,000100,00050,00050,000200,000200,000100,00050,00025,000150,000100,00025,00025,00050,000

50,00025,00025, 000

26, 750103,10081, 50021,500

354,80071,625

605,170223, 50078, 5003,500

288, 950164,900459,500166, 250172, 750

124,08128,50023, 2509,000

687,000126,500195,00062, 500

8,0007,000

150,000486,000207,000276, 750

2, 249,00052,000

1, 447,500407, 50019, 250

1, 394, 774195,000107,1383,500

124,000

3,00019, 25062, 250

25,00050,00050,00050,000

200,00050,00050,000100,00050,00050,00025,000160,00060,000150,000100,000100,000150,00050,00025,00025,000100, 000100,000100,00050,00075,000

40,000100,000125,00025,00050,00050,000100,00050,00050,000800,000200,000600,000250,00025.000

1,000,000110,00050,00025,00050,000

50,00025,00075,000

Jan. 4,1934Jan. 5,1934Jan. 6,1934

do

Jan. 8,1934do _.-do .

Jan. 9,1934... d o -Jan. 10,1934

doJan. 11,1934Jan. 12,1934

do.... do

do... do. . .

do... do_

do. -do

Jan. 15,1934do.. __do

_._ do.

do... do. .

doJan. 16,1934

doJan. 17,1934

doJan. 18,1934Jan. 19,1934Jan. 22,1934

do _Jan. 23,1934

do _do.dodo.

Jan. 26,1934do

Jan. 30,1934

dodo

Jan. 31,1934

25,00050,00025,00012,500

12, 50050,000

25,00050,00025,000157, 55037,50099,60098,86049, 99750,00049, 600(2)

99, 25012,50049, 25050,000

100,000

49. 997100,000(2)48, 260

100,00025, 000

295, 700110,000

15,000

(2)12, 500

25,00050,00025,00012,500

12, 50050,000

49,40025,00050,00025,000157, 55037,50099,60098,86049,99750,00049,600(2)

99, 25012,50049, 25050,000

100,000

49, 997100,000(2)48, 260

100,00025,000

295, 700110,00049, 99515,000

(2)12, 500

(4)(4)(4)

4 145,5884 700,731(4)(4)(4)

4 139,7334 70,9564 12,424

4 241, 784(4)

1(4)4 12,435

p](4)(4)4 1,121,2544 5,285

4 193,504

(4)4 78,261

4 153, 5119,1934 5,151(4)(4)

(4)4 430, 6244 13,497

1, 608, 5261, 229,963

(4)4 1, 846, 290

4 389,396(4)4 7,8828,056

153, 2354 210. Ill

4 511,0124 343,9284 710,9084 329,910

41,082,6004 678,0564 241, 785

4 1,709,9094 720,9924 372,2934 133,233

4 1,459,1854 419,8554 599,2984 575,5414 638, 221

4 1,298,3874 116,4204 173,1464 856, 7504 439, 5524 735,4184 974, 2094 354, 6604 293, 2174 355,4024 351, 9004 102,8554 825, 731

4 1,849, 2504 778,883

4 3, 713, 7834 205, 652

2, 967, 6664 201, 734

* 11, 686, 7834 1, 402, 704

4 238, 0654 56, 204

4 266, 601

Footnotes at end of table, p. 331.

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Page 336: Annual Report of the Comptroller of the Currency 1934

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.,

Greensburg, Ind.7

Organization

Char-terno.

Date

Apr. 4,1922Aug. 18,1902Oct. 31,1903July 25,1904Feb. 19,1906Mar. 10,1906Feb. 3,1923Oct. 19,1931Apr. 4,1864

1216264277037741181368165

1232513576

382

541139359646142

73428401

51237

129252474

8014747772828737

109121303513379593181425655855

2844 Dec. 4,1882

MayAug.Jan.Nov.JulyJulyJuneOct.JulyMar.JuneMar.Dec.Nov.Mar.MaySept.Jan.Sept.JulyFeb.Dec.Feb.

28.190015,188811,191014,186311.190412,190615,18828,186327,192526,188027,19032,189313.19052,19043,19044,190711,19165,19276,192911.190117.19063,19006,1865

Capital

$200,000100,00025,00050,00050,00030,00050,000400,00050,000

50,000120, 000100,00050,00025,00025,000100,00050,00050,00050,00025,00050,00025,00050,00025,000500,00025,000200,000200,00050,00025,00025,000100,000

50,000 !

Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-

tion

$126, 500945, 500107,000170, 300283, 500

64, 500

468, 607

287, 000392, 000

64, 5001, 654, 250

130, 25020, 500

2,177,000663,335

9,000473, 500264, 375700,000

41, 250150, 750

51, 500780,000

16, 250

83,00062,750

110, 2503,067,847

549, 750

Failures

Capital

$300, 000500,00050,000

100, 000150, 00050,00050, 000

400,00075, 000

150, 000200,000100,000500,00050,00050,000

400,000150,00050,000

200,000150,000500,00025,00050,00025,000

500,00025,000

200, 000200,00050,00025,00050,000

500,000

150,000 do.

Receiverappointed

Jan. 31,1934Feb. 1,1934

do.do

— ..dodo

doFeb. 2,1934

. . . . -dodo

Feb. 5,1934.do.dodo

. . . . . d oFeb. 7,1934

.do.Feb. 8,1934Feb. 9,1934Feb. 13,1934

dodo

Feb. 19,1934Feb. 21,1934

do

do.__. do

doFeb. 23,1934Feb. 26,1934

Lawfulmoney

deposited

$24, 640100, 000

12, 500

99, 99550,000

100,000500,00025, 00039,050397, 650149, 640

198, 500148,560250,00025,00050,00012, 320500,00025,000100.000

25,00035,000

495, 237

140,000

Circula-tion out-standingat date

of failure

$24, 640100, 00012, 50050,000

99, 99550,000

100,000500, 00025, 00039,050397, 650149, 640

198, 500148, 560250,00025,00050,00012, 320

500,00025,000

100.000

25,00035,000

495, 237

140,000

Borrowedmoney(bills

payable,redis-

counts,etc.) atdate offailure

()4 $1,434,043

(4)()946, 739

53,18331, 099

1, 208,8984 7, 613

1, 852, 01127, 085(4)

4 267, 7844 104, 250

4 37,8204 1, 236, 571

4 103,863

0)4 151, 996

4 12,000

4 19,032(4)

1,451,0314 40, 653105, 957

4 22, 76434, 305

4 51, 671(4)

4 1,175,007

Totaldeposits

at date offailure

1 $6, 644, 0164 376, 5584 836,064

1, 978,112

3,181. 5894 1,415, 294

4 935, 6004 2,125, 894

4 353, 8434 856, 758

4 10, 786,1464 802, 0534 553, 035

1, 382, 0204 1,426,8264 3, 522,862

4 300,8224 186,0124 169,330

2, 911,0554 125,893

752.6074 395,248

4 188,0234 299,017

< 3,426,196

4 738,138

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

Page 337: Annual Report of the Comptroller of the Currency 1934

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,

Ala.7

Footnotes at end of table, p< 331.

76146899100691229689392906109976175122283973105101278112653

5236710417

900243194207

277313195291579838148871011548561810458122191222089408367775

2166476410653101032203961442410252122539447951932461717

11445

Feb.JulyAug.Dec.JuneFeb.Apr.Feb.M a yJan.Apr.JuneFeb.M a yJulyM a y

Oct.MayOct.

Aug.Mar.Mar.Nov.Jan.Feb.Nov.Sept.Oct.M a yJuneApr.Aug.Jan.Aug.M a ySept.Feb.M a yDec.Sept.Aug.Sept.Apr.JulyAug.Sept.

Aug.

11,190521,19031,19117,1922

20,190727,188313,191715,190231,192226,18898,1914

26,192518,192523,18633,1877

20,1913

26,19076,1890

25,1889

28,188224, 192829,18831,1905

16,190616,190721,191920,190017,191329,19225, 19226, 1907

22, 19063, 18656,18742,1892

19,191427,186512,188410,18886,18905,19125,1922

24,190912,190919,188415,1870

25,1919

25,00025,00050,00025,00025,00075,000

200,00050, 00050,00050,00050,000100,000100, 000100, 00050,00050,000

50.00050', 00050,000

50, 000200; 00050,00025, 000100,00025,00025,00025, 00050, 00025,000

200,000150,00025, 000

300, 000100,000100,00050, 00050, 00055, 00050, 00050, 00025, 00050, 00025, 00050, 00050,000

100, 000

50, 000

39, 750198, 566149,00016, 250

161,000254, 250424,000177, 25011, 000

264,00080, 000

11,000734, 500277, 475116, 500

95, 50077, 500233,500

542, 50030, 000

511, 500147,132987, 50062, 5004,800

172, 37569, 00012, 750

202,000186, 00087, 000

1, 300, 0501, 084,000

934, 25029, 500

484, 250420, 750696, 681197, 50077,10026, 00020, 00034, 000

261, 2501,184, 829

53, 800

25,000100,000200,00025,000125,00075,000

400,000150, 00050, 00050, 00050, 000

100, 000100, 000200,00050,000

100, 000

50, 00025, 000

125,000

100, 000200,00050, 000100,000600, 00025,00040, 00050,00050,00025, 000

700, 000150,00050, 000

150, 000300, 000700,00050, 00075, 000

250, 000300, 00050,00035, 00050, 00025, 00050, 00050, 000

200, 000

60, 000

_-_doFeb. 27,1934

.do._do_._do-._do-..do.

Feb. 28,1934Mar. 1,1934

dododo

Mar. 2,1934Mar. 5,1934.-..do

Mar. 6,1934do

Mar. 7,1934

Mar. 8,1934do

Mar. 13,1934do

Mar. 14,1934....doMar. 15,1934

Mar. 19, 1934

doMar. 20,1934Mar. 23,1934

do..'do

Mar. 26,1934,___-do

do

doMar. 27,1934Mar. 28,1934

dodo

Mar. 29,1934

do

19, 995100,00050,00010,000

125,00073,800.

199, 70075,000

99, 55025,000

25,000(2)

100,000

99,160

12, 500100,000600,00025,00040, 00050, 000

500,000

25,00099, 550

292, 850700,00050, 000

100, 00049, 50050, 00025, 000

49, 520

149,156

19, 995100,00050,00010,000

125,00073, 800

200,00075,000

99, 55025,00099, 997

25, 000(2)

100,000

99,160

12, 500100,000600,00025, 00040, 00050, 000

500,000

25,00099, 550

292, 850700,00050, 000

100, 00050, 00050, 00025, 000

49, 520

"149,150

()4 58,491

4 488,0264 21, 667202, 724137,105667, 224(4)96, 712(4)()

4 52, 9634 10.417263, 6634 31,100329, 261

4 44, 391(2)

4 44,178

4 52,197489, 780()

4 187, 2334 1,167, 783

87, 6664 49, 393

4 106,1544 53,1664 20. 954(4)300,125()198, 239

4 129, 9804 1, 914, 521

(4)()

4 507,4821,484, 873

(4)4 99, 5084 40, 09721,136

4 15,41775,991(4)

4 25, 734

4 595, 5784 207,852

4 2,141,7774 29, 852567, 716

6, 697, 6244 1, 944,828

455,0284 268, 5134 346, 3744 154, 5174 536, 6772, 076,1164 357, 323970, 938

4 104,834(2)

4 279, 210

4 840, 713

4 578,0464 1, 205,1921 12, 439, 374

300, 7774 220,0404 430,1614 370, 9894 56, 752

4 1, 653, 446

4 246, 778801,311

4 1, 753, 3714 2,811, 263

4 306, 3664 780, 060

4 1, 741, 4724 4,335,044

4 331, 4054 186, 563

4 139, 440433, 370

4 1,139,144

< 124, 502

gss(-3

aOO

OF

wO

d

3o

CO

to

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

Page 338: Annual Report of the Comptroller of the Currency 1934

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

855516891

211464166972836039675416322552186468774

40661019887865340

976914796117786094893074273927368784551108549163313

115411032520673356

Jan.Dec.JuneJuneSept.Sept.JuneJan.MayJulyJulyAug.Jan.JuneApr.JuneApr.

31,190716,186310,18659,18732,190215,190330,19063,188921,190010,188412.18996,190223,186522,188918,19128,190728.1900

May 4,1910June 1,1865Jan. 22,1902June 22,1905June 26,1909Oct. 23,1883Feb. 10,1864Sept. 28,1908May 27,1903Feb. 26,1891May 4,1916May 6,1908Dec. 10,1863Nov. 13,1919Feb. 4,1913Sept. 25,1872June 2,1885

$75,00050,000200,00060,000100,00050,00025, 00050,00030,00050,00050,00025,000

100, 00050,00050,000100,00025,000

25,00050,00025,00050,00025,00060,00070,00040,00025,00050,00050,00025,000200,00050,00075,00050,00050,000

$246,000537,083

3,481,500363, 360255,000121,87517,000

304,250195,000282,000117,00087, 250562,000378, 37548,000

276, 500114,500

11, 250982,000199,750202,648106,800194,900895,000118, 50094,000273,37563,800118, 750

1,706,000

138,000372,388479,250

$75,000100,000500,00060,000100,00050,00025,000100,000100,00050,00050,00025,000

100, 000150,00050,000

150, 00025,000

25,000300,00050,000

125, 00050,00060,000100,00050,00025,00075,00080,000125,000200,00050,000100,000100,000150,000

Mar. 30,1934Apr. 3,1934

do.Apr. 9,1934

do..—do..—do.Apr. 10,1934

doApr. 11,1934

do.

$73,95099,600498,15060,000100,00025,000,6,250

100,000

doApr. 16,1934

dododo

Apr. 20,1934

dododo

Apr. 23,1934do

Apr. 25,1934dodo

Apr. 26,1934Apr. 27,1934M a y 1,1934

do

100,000110,00050,000

25,000

25,000200,00050,00050,00049,96060,00099,12043,00025,000

M a y 2,1934do

M a y 3,1934M a y 8,1934

do..

123,300198,500

$73, 95099,600498,15060,000100,00025,0006,250

100,000

100, 000110, 00050,000

25,000

25,000200,00050,00050,00049,96060,00099,12043,00025,000

123,300198, 500

* $222,940123, 363

* 2,041,951* 60, 240* 137,440* 58,42934, 513

* 123,787255,98054,821(4)61,656

98,000148,120

98,000148,120

* 167,817< 17,100225,00995,429

51,626< 443,894140,423

* 183,63072,729(4)

* 83,0004 64, 33847,307

266, 310194,663143,047

«803, 53012, 619(4)

299, 200* 194.112

* $663,763766,461

* 4,136,917* 294,118

* 1, 386,178* 411,123406,553

* 480,474865,611

VI,~43l,"656* 821,464* 127,677516,138

100,9604 2,003,3621, 205,060

* 1,359, 548488,797

* 607,477« 836,873* 243,338932, 240421,293387,619309,569

« 3, 771,99164,000(4)768, 774

* 1,098,883

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

Page 339: Annual Report of the Comptroller of the Currency 1934

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

533153719704

12294336972911235116736044534627554376959985351435942

57829893513054462002414953621191029454507938011281115861252113552483951415694

113161

34916762

7661123035789908811902762

Apr.Jan.Mar.Nov.JulyMayMayFeb.Dec.Mar.Apr.JuneJulySept.Aug.Aug.Apr.Oct.JuneJuneMayOct.MayDec.Apr.Nov.Mar.Dec.Jan.Nov.JuneDec.JulyNov.MayMar.Apr.Mar.

Feb.Jan.Apr.Mar.Dec.Jan.

24,190010,19007,1910

29,19221,1885

21,190430,186524,18657,1886

12,189117,19027,1900

18,190322,191031,18981,1901

5,190114,191024.18989,1900

11,187230,18897,1900

31,192030,188319,189017,190917,191819,192016,19232,1931

10,189230,189824,1900

6,188220,1884

3,18863,1903

24,19052,19239,1901

17,190811,19203.1865

25,000100,00025,000

50,00060,00050,000

100,00050,000

200,00050,00050,00050,00050,00025,00050,00050,000

50,00050,00050,00025,00050,00050,00025,00025,000

100,00050,00025,00050,000

100,000100,00050,00050,00075,00025,000

300,00050,000

200,00025,000

25,00075,00050,00025,00050,000

100,OCO

59, 750246, 50067,500

12, 500672,000234,500771,000433,067

3, 643, 500281,750167,250335,25060,87519,000

319,250249, 500

280, 62590,000

326, 75063,450

480,250219,000108,00012,750

942,000241, 500110,500

61, 50086,0004,000

140,875665,000121, 250

2,867,868312,000

1, 456, 750162,625

99,87522,875

238,60037,0006,000

582,000

25,000150,00050,000

50,000150,000150,000100,000140,000

2,000,00050,00050,000150,00075,00025,000100,000100,000

100,00050,000125,00040,000

200,00050,00050,00025,000

300,00050,000

100,00075,000

100,000100,00050,000

100,000200,00025,000

2, 250,00075.000

500,00075,000

75,00075,000

150,00025,00050,000

200,000

May 9,1934dodo

doMay 10,1934May 14,1934May 15,1934May 22,1934

do _dodo.

May 23,1934dodo

May 31,1934do

dodo

June 4,1934dododo

June 6,1934do

June 18,1934dodo._dodododo

June 21,1934dodo

June 22,1934June 25,1934

dodo

dodo

June 26,1934dodo

June 28,1934

25,000(2)50,000

12,130150,000146,600100,00075,000

950,00050,00049,150

150,00050,00025,00098,950

100,000

98,95050,000

124,100

199,10049,05050,000

99,15049,10025,00039,45098,05079, 5C0

100,000

25,000

74, 500

197,400

74,050

24, 65049,350

25,000

50,000

12,130150,000146,600100,00075,000

950,00050,00049,150

150,00050,00025,00098,950

100,000

98,95050,000

124,10040,000

199,10049,05050,000

99,15049,10025, OCO39,45098,05079, 500

100,000

25,000

74, 500

197,400t 75,000

74,050

150,00024,65049, 350

Footnotes at end of table p. 331.

40,614

73,422

179,776232,426

4 503,5664 156, 530

85, 7134 4,892,139

359,6454 393,246

585,91665, 759

4 39, 566125,797139,343

4 172,14535, 598

4 224,9464 29,9534 45, 731333,8704 69, 6254 25, 650

4 1,044, 598(4)

4 307,44562,803

4 65,7144 409, 503

4 52,52976,836

4 1,158, 6534 76,115

4 158,0824 147,458

4 3,043, 5624 119,011

4 807,468138,279

4 99,97947,398

4 14,8304 550, 081

234,277

210,912

947,3951,306,298

4 1,415, 5974 557,992

642,5354 8,150, 621

1,786, 5664 1,257,191

946,771345,9924 79,186

1,018, 602762,824

4 1, 326, 570239,043

4 1, 507,6014 253, 6194 451,805

1,218,5194 280, 627

(4)4 1, 707,192

4 249,7474 1,042,915

347,0294 421,0654 366, 3504 222,732

260, 502(4)

4 687,425

4 2,3574 572,288

4 3,820, 6354 300,814

(4)

390,9094 1,109, 561

37,9604 92,604(4)

HH

8• w

o1-3

O

g3O

/^.

9HO

&J

*-\

COfcOCD

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

Page 340: Annual Report of the Comptroller of the Currency 1934

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

1205054311184562501141329211199311492

1781104365518

92486081863908436133498663669017933775248575602906221419098352

1014111547752568948964

Nov.MaySept.Mar.JulyMar.MayOct.

15, 192119.190021, 192027, 190217,191926,188324,19213,1919

Jan. 17 1871Aug. 1,1913June 4,1900

Aug.Nov.JulyJan.Dec.Apr.Jan.JulyAug.Apr.Sept.JunoFeb.Mar.Feb.Mar.Dec.Nov.Dec.JulyOct.

18,190814,186421,187130,190818,188613.18865,19033,190325,190524,190513,189321,100022 190825,187421,190818.186419,191120,191915,19044,190322,1907

$50,00025,00025,00025, 00025, 00050,00025, 00025,000

150,00025,00025, 000

50,000200,00080,00025,00050,000200,00050.00025,00025,00025,00050, 00025,00030.00050,00050,000100,00025.00050, 00025,00030, 000

200, 000

$55, 500300, 750

65, 25031, 500

280, 30048, 500

1, 437, 8283,000

276, 750

66, 7502, 380, 667

4S0, 40067, 750

455, 500496.00049, 00074, 00072, 50055, 250

432, 00061, 50066, 300

330, 500134,000

1,173, 250136, 91550, 000184, 500167, 866263,125

$50, 000200,00025,00025, 00025,00060,00025,00025,000

200, 00025, 000

150, 000

50,000500. 00080. 00050,000

150, 000300,00050, 00025, 00025,00025,000200,00025,00030.00050, 00050, 000300,000150.00050, 000100,000110,000125, 000

June 28, 1934July 5,1934

io.July 12,1934

doJuly 16,1934

doJuly 19,1934

July 24,1934Aug. 9,1934Aug. 10,1934

..—doAug. 13,1934Aug. 14,1934Aug. 15,1934

doAug. 17,1934Sept. 20,1934

dodo

Sept. 21,1934dododo

Sept. 26,1934do

Sept. 29,1934Oct. 10,1934

do

$60,00025,000

50, 000

45,000

100,000

$99,10025,00025, 00025,00060,00025,00024, 270

200,000

"50," 666"

50,000250,000

50,000

do

49, 99750,0008,000

25,00025,000

200,00025,0007,500

50,00050,000

150,000150,00050,00025,000

Oct. 12,1934 125, 000

()4 $222, 949

4 39, 8394 65, 2964 51,165

(4)4 16, 8954 25, 000

4 532, 93113, 057

4 157,0224 240, 3914 952,0744 379, 3324 26, 763

4 276, 3664 298, 471(4)

4 209,1824 125, 795(4)

()4 60, 791

4 799, 6754 241,868

(4)4 69, 842

(4)4 100,972

4 $329,306« 726, 9544 155, 3604 341, 7324 232,9984 210,9344 302, 2424 41, 742

4 1, 306,458

~4~ I," 085," 1214 617,870

4 8, 540, 5844 1,016, 507

4 507, 775(4)

4 1,057,1744 590, 5194 473, 3604 145,8544 181, 530

4 1, 525,4644 478,8334 186,5204 830,0344 275,024

4 3, 315,4454 855, 3064 444,1104 727,048

(4)4 1, 788,874

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Page 341: Annual Report of the Comptroller of the Currency 1934

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-

ceiverships) .Total restored to solvency (28 receiverships).Total 1934 failures (394 receiverships)

763412174111883089488784619028122804169

Feb.Mar.MayOct.Jan.Oct.Sept.Oct.Oct.

7,190516,192217,191831,188327,189331.190619.190730,192224,1889

25,00050, 00025, 00050,000200,00025, 00025, 000200,00050, 000

119,165,070

114,755,0702, 765, 000

1, 645,00027, 605,000

64, 00024, 00067, 625

256, 7501, 688, 500

60, 750184, 75055, 000

221, 300

435,155, 815

420, 924, 7448, 662, 796

5, 568, 275125, 555,180

25,00050,000150,000150,000600,00025,000125,000200,00080, 000

240,795,085

231,870,0854,940, 000

3,985, 00056, 525,000

Oct. 15,1934Oct. 20,1934Oct. 26,1934

.do.Oct. 27,1934Oct. 29,1934Oct. 30,1934

dodo

110,529,135

108,181,1352, 348,000

()26,142,412

25, 000

150,00050,000

600, 00025,000

125, 00050, 00050, 000

117,108,025

114,760,0252, 348, 000

()30,148,474

4 12, 634

4 50,8294 166, 209

4 1, 111, 689

()4 206,524

355,880, 057

344, 686, 68611,193, 371

()92, 595,549

4 114,147(4)

4 483,524* 877,470

4 6,497, 36S4 186,1184 977,482

4 1, 293, 6074 804,075

1,905,044,252

1,878,453,60226, 590, 650

()381,108, 228

ao

E

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

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Page 342: Annual Report of the Comptroller of the Currency 1934

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

Arizona _.do—_do_..do-

District of Columbia..Alabama _Arizona

dodo

West Virginia..Virginia..West Virginia-Arizona

JuneSept.Apr.Aug.Jan.Aug.Dec.Dec.Jan.JulyFeb.MaySept.

30.19213,1912

26.192224,192025,191228,190920,191511.192015,19171,191228,190316,190615.1921

District of Columbia Mar. 25,1913

$300,000100,000100,000500,000500,00050,000100,00050,00050,00050,00050,000100,00050,000

5,000

112,1432,0002,077

615,000165,000

$116,83090,000100,000106,060

1,000,000100,000100,000100,000100,000100,000140,000100,00050,000

50,000

July 14,1932do

July 16,1932July 22,1932Feb. 28,1933July 13,1933Nov. 15,1933

.do.Dec. 7,1933Dec. 21,1933Jan. 18,1934Feb. 10,1934Apr. 9,1934

Sept. 20,1934

$112,129111,85725,000150,000

1,028,047593,555

3 456,830113,592

3 202,8853 301,8533 298, 2863 500,7803 125,393

3 23,005

$452,8501,027,862

839,380802,373

5,7663,379, 554

3 1,121, 795737,017

3 359,4263 1,176,0743 2,069,8963 1,892,480

3 365,957

3 548, 796

Total. 2,005,000 942,316 2,252,890 4,043, 212 14, 779,226

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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Page 343: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

469

549656667670743744746756781799

813816846

899909918

919922928939941

9559599759779981004101810191024102610271031

1037

10491060106110631064107010721079109510981105110611081110

1111111511231128

Farmers & Drovers National Bank, Waynes-burg, Pa.

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

Dollar,200,000 Dec. 12,1906

50, 000 Aug.150, 000 Sept.35,000 Jan.200,000 Jan.50,000 Dec.25,000 Jan.150,000 Jan.100,000 Feb.65,000 Mar.300,000 Apr.

29,191423.19224.192331.192326.19232.192424.19249,192414,192412,1924

200,000 M a y50,000 June35,000 Oct,50,000 Jan.100,50,

400,100,

22,192410,192423,19248,1925

000 Feb. 11,1925000 Mar. 3,1925000 Apr. 17,1925000 M a y 14,1925

30,000 M a y150,000 Mi250,000 June200,000 Oct,50,

200,

16,ay 22,1925

24,19251,1925

000 Oct. 10,1925000 Nov. 7,1925

), 000 J

000 Nov. 25,1925000 Dec. 5,1925

an. 16,192618,1926

000 May 13,1926000 June 4,1926000 July 23,1926

doAug. 20,1926

4,1926000 Sept. 10,1926000 Sept. 23,1926

50,50,

200,100,000 Ja]50,100,25,50,00025,00025, 000 Sept,

iool100, 000 Oct. 18,1926

50,000 N o v50,000 N o v50,000 N o v25,000 Dec.50,000 Dec.50,000 Dec.25,000 Dec.25,000 Jan.25,000 Jan.85,000 Jan.25,000 Feb.50,000 Feb.50,00025, 000

50,000

15,192629,192630,19261,19263.192610,192617.19264.192721.192731,192710,192718,1927

do.Feb. 21,1927

-do..50,000 Mar. 7,1927300,000 Mar. 26,1927100,000'Mar. 31,1927

Dollars814, 783

310,050165,06763, 740

926, 97245,048125, 681

1, 748, 843337, 212938, 783

1, 473, 857

365, 514

209, 28726,919

597, 405566, 624

1, 916, 328975, 738

165,4541,360,861686,888

2, 539, 75770, 957

1, 619,895

249,09275, 744

1, 828,891266, 406535, 529229, 374135, 932150, 31433, 33474, 286656, 612278, 992

308, 687

246,562327,80033,86064,314

568, 348122, 24148,872136,446129,615112, 59567,100523,039426, 298241, 396

174,063266,910

Dollars2, 013, 406

270, 200102, 694

1, 226, 912175, 69:113, 962746, 250428, 03"851,487

2, 307, 203

351,033

93, 64152, 930

223, 9235,820

743, 757497, 425

104, 95487,000

1, 451, 8261, 397, 671306, 034420, 098

193, 265322, 513293,071545, 797377, 004277, 776128, 487137,14092, 297168, 389885, 553658, 287

309, 764

165, 347261,480143, 75170, 332

454, 379110, 20697,747153,619131, 605201,321138, 357438,98380, 065110,423

145,:163,121

512, 727 498,470

Footnotes at end of table, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 344: Annual Report of the Comptroller of the Currency 1934

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

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollar,130,499

27,210309, 219205, 526548,872211, 36874,918

458, 547381, 524265, 511833, 221

164, 452

Dollar,1, 993, 274

42, 70849,4445,'

146,38544, 40838, 901169, 50968, 264

213, 677107, 544

14, 082

Dollars200, 000

50, 000150, 00035,000200, 00050, 00025, 000150, 000100, 00065, 000300,000

200, 000

Dollars5,151,962

510, 867943 930412, 758

3, 049,141526, 521378, 462

3, 273,1491, 315,0372, 3 4,4585,021,825

1, 095,081

Dollars1, 529,108

421, 448222,177142, 490591,849225,049147, 385

1, 566,851425, 765

1, 001, 5172, 246, 036

528, 374

Dollars149, 320

25,18158, 775

3,900107,932

9,8639,041

52, 586100, 00027,058

172,880

100, 706

Dollars78, 824

20, 46374,12415, 37576, 58750, 64221,134132, 46464, 500128,375227,193

22,466

Dollars Dollar,546, 326

12,'17, 20211, 244

833,13542, 31818, 308

387, 23144, 20084, 855

509, 470

32,929

549656667670743744746756781799

813816846869887

918

919922928939941948

9559599759779981004101810191024102610271031

1037

10491060106110631064107010721079109510981105110611081110

1111111511231128

69,001105, 961351,952

27585,896524, 290

29, 654208, 973398, 048962, 987198, 315568, 726

17, 21574, 285441,108153,382227, 526198, 0773,151

34, 36484, 36927, 06567, 493436,698

193, 358

47, 850198, 54375, 54734,49094,463108,10013, 99961,80118,14824,87719, 75926,337248,46139, 348

122, 59028,015

47, 04718, 79147,491293,164157,02824, 814

1,0176,383

118,162337, 6005,146

245,421

40, 92820, 86623, 89825, 058

365, 74910,14, 38035,11218, 87333, 817174, 033321, 587

28,153

60, 88472, 39259, 2471,196

32,95535,072

21925,71113, 41420, 01529, 40491,00920,7796,628

27,09615,325

188,005 43, 428

35,00050,000100, 00050, 000400,000100,000

30, 000150, 000250, 000200, 00050, 000

200, 000

50, 00050, 000

200, 000100, 00050, 000100, 00025, 00050,00025, 00025, 00075, 000100, 000

100, 000

50, 00050,00050,00025,00050,00050,00025,00025,00025,00085, 00025,00050,00050,00025, 000

50,00050,000300,000100,000

453,976254, 601

1, 320, 771915, 635

3, 803, 0092,122, 267

331,0791, 813, 2172, 904, 9245, 438,015

630, 4523, 054,140

550, 500543, 408

2, 786, 9681, 090, 6431, 555, 808815, 726306, 950406, 930253, 873328, 557

1, 858, 6911, 795, 564

939, 962

570, 643910, 215362,405195, 332

1, 200,145425.619185,837402,577317,782443,808279.620

1,129, 368825,603422, 795

519,118523,371300,000

1, 342,630

147,93169,133677,005512, 830

1, 898, 8811, 202, 483

119,1191,119, 7051,138, 8072, 852, 464163, 624

1, 898, 437

209,289185, 800

1, 547, 719443,122624, 937357,108142, 926188,06152, 83587,517

907, 050863,117

314,662

274, 337330,03254, 32892,453802,920181, 55290, 294213,750187, 318201, 003141,722668,889396,592225,081

257, 560251,035

751, 632

1,28420,85043, 21144,500

315, 72083, 471

11, 30291, 464165, 06089, 42123, 099145, 736

30, 81712, 39338,31886, 50850, 00057, 48011,35923, 8296,50011, 33021, 70649, 239

75, 443

14, 90923,8307,75921,19740, 38130, 54114, 38825,0006,614

67, 68311,11831,40819,84523, 275

21, 98427, 517282, 70063, 272

7,0617,493

82, 23738, 781

133, 39456, 267

26, 73930, 50691, (

212, 00235, 024101, 430

28, 68025, 67166, 71953, 90364, 96029, 74313, 41219, 7928,91527, 72074, 49663, 482

42, 453

33, 86729,6608,66214, 24564,27619,8003,16328,97925, 57745, 01518,14068,11640, 74020,945

24,45228, 2701,78757,120

17, 64641, 82860, 260199, 638346,15164,163

20,365103, 676126, 385649, 07621, 855311,556

49,98724, 394

309, 36331, 62992, 76530,17110, 46727, ''"23,07116, 344

137,09395, 335

99, 732

28, 27764, 5777 1 , ;• • -

13, 08292,12432, 6755,81436,07119,03617, 47110,74568,83331,98120,044

16,4133, 089

71,896

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Page 345: Annual Report of the Comptroller of the Currency 1934

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

469

549656667670743744746756781799

8138168468698878QQ909918

919922928939941948

9559599759779Q8

1004101810191024102610271031

1037

10491060106110631064107010721079109510981105110611081110

mi111511231128

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars2,303,578

480,000372,278173,009

1, 609, 503327,872195,868

2,139,132634, 465

1,241,8053,155,579

684, 475

173,922139, 304862, 713795,749

2, 694,1461,406, 384

177, 5251, 345, 3511,521,8713,802.963

243,6022, 457,159

318, 773248,258

1,962,119615, 162832,662474, 502178,164258, 77891,321

142,9111,140, 3451,071,173

532, 290

351,390448,099142, 297140, 977999, 701264, 568113, 659303,800238, 545331,172181, 725837, 246489,158289, 345

320, 413339,911284. 487943,920

Loss onassets com-poundedor soldunder

order ofcourt

Dollars2,756,181

26, 51135, 359

131, 2811,421, 563

209,154184,455

1, 169, 067745,072

1,120,115684,793

294,484

253,39993,640

416,387153,167

1,157,977414.335

140,706240,964327,719

1, 711, 578394, 973644,147

205, 356283, 214724, 295515,892429,181

13,19557,358

141,773141, 248199,696484, 370227, 543

149,425

218,029465, 606186, 52964, 699

255,101129, 75415,115

127, 75685, 92527, 750

102,153243,535323, 295

579

195,14133,777

159, 728

Book valueof remain-ing uncol-

lectedassets

Dollars120, 347

519,19292, 7432,594

3,314

62, 9711, 281, 526

39, 294

67,119

341, 286

20, 889198,872

1, 062,01324,897

35,868

5,591

358,925315, 25271,199

11, 719

255,178509, 569

276,143

98

31, 63849, 614

503112, 584

98, 11123, 735

152,091

155,470

259,374

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars50,680

24 81991,22531,10092,06840,13715,95997,414

37, 942127,120

99, 294

33, 71629,15056, 7895,500

84, 28016, 529

18, 69858, 53684, 940

110,57926,90154,264

19,18337, 607

161,68213,492

42, 52013, 64126,17118, 50013,67053,29450,761

24, 557

35,09126,17042, 2413,8039,619

19, 45910,612

18, 38617, 31713,88218, 59230,155

1,725

28, 01622, 48317, 30036, 728

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

22510, 7402,906

37,8559,0053,524

56, 66772, 6639,610

11, 650

6,7148 16, 425

i

86, 507

8,01518,499

8, 5985,430

2,00023,831

5,3661,1701,883

7, 565868317

10,712

928

On un-securedclaims

Dollars1,286,325

350,16498,8968,501

384,151151,08978,306

959,397116, 621259,994

1,437,432

374,775

10,16755, 434

357, 762445,577

8 1,103,9541,189,114

41, 621186, 297473, 282

2,231,71953, 070

1, 255, 273

73, 20648, 451

1,452, 248387,180241,834142, 391119,685110, 00928,42744, 282

667,385504,880

268,607

147,648222,056

9,53592,018

625, 529131,18238, 307

132,081175, 376233, 29292,136

597, 627206,483191, 420

219, 420276, 733274,000621,998

Footnotes at end of table, pp . 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 346: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tectionof assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars754,094

34,228107,131129,330

1,041,44888,16465, 538

946, 584394, 557730,952

1, 509,318

231,196

Dollars80,660

2,81229,578

V

Dollars

12,4572,107

15,6415,490

23,36222,026

10,935

Dollars135,598

92,571109,52824,733

132,32567,15730,321

217, 51061,130

Dollars46,901

Dollars

16,4056,276

13,724

"I6,"O72

99,374143,844

61,957

55,46033,349

5,612

Dollan1,570,643

350, 398511, 531287,164

1, 655, 640309,365223, 699

1,906, 571977,162

1, 518,3432,850, 591

75

100204

2548. 0953550. 001817.512149

80

M a y 7,1934

N o v . 27,1933

Aug. 10,1934N o v . 29,1933

469

549656667670743744746756781799

813816

887

909918

919922

939941

136,91363,794334,481293,14;"

1,376,048137,010

90.5641,074,032701, 790

1,240, 682138,457

1,063,988

167,840134,488348,430137,712410, Q07245,41124,127113,17541,62156,607316,539428,463

186,578

52,596172,667115,47127,339293,38179.56544,775120,99'24,38927,04061,103139,880155,15546,779

51,96:33,688

3582,80340,910

75693,0502,517

14,834

6,575144,88619,1776,3057,452

33,8256,595244

27,51764,5001,9805,4091,168

1,90732,58928,256

778

1,1888,052

2,54317,5449,4067,485274

2,29411,0784,1415,2069,6345,682

11,21:941

169,936 27,890

17, 273105,72049, 55772,89663, 220

36,29255,92597,873215, 65837, 755111, 947

35,28942,939124,14662,753103,34157,47921,11728,62915,44438,232110,54195,835

55,716

42,39336,45516,97415,14063,24726,29715,95639,73626,21651,22223,41"78,97762,17635,369

37,81324,4222,63379,758

23,840

1,77314,523

9,04822, 52217, 53395, 727

1510,35537,051

10,9803,4107,826431

4,659

13,29113,739

20,611

8,001

3,937

7,136

~l6~2708,540

15,55655,71010,095

4,1277,85444,338

298,42273,718744,897502,918

1,091,6891,651,154

180,939414,095

1,843,1643,705,924444,028

1, 373,309

244,640316,856

1,961,032712,616601,589361,690230,122167,743147,430190,642

1,249,4541,029,129

526,002

242,334557,40187,344115,031790,978199,477109,455209,849232,168245,556147,912796,470516,299294,492

345,370327,505301,754956,877

7.375.24888. 60410072

2345296013.47491.345

29157453.80940405265. 58881723.8953

50

60.584011.288078.697653561.2739562.147754065

63.53284.590.865

M a y 9,1'Oct. 26,1934

Sept. 26,1934

Oct.uly

8,19343,1934

Apr. 24,1934

Dec. 11,1933

9559599759779981004101810191024102610271031

1037

0491060

J u l y 25,193410611063

Sept . 21,1934 1064.10701072

Aug. 8,19341079

Oct7~31,~i93

Aug. 16,1934

Oct. 31,1934

109510981105110611081110

1111111511231128

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

Page 347: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

1140

1141114411511152115611571177117911861187118912011208121012131214122212251227122812311232123512391241124212431245124712491253

12551256125712581259

12611263126412651266126712691270127312761277

1279128012811282128312841285128712881290

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,

N. Dak.

Dollars50,000 May. 17,192750,000 May25, 000 7 "

125, 00050,000 July50,000 :

500,00050,000 Nov50,000 Dec,

200,000 Jan,25,000 Jan25,000 J;

200,000 Feb.50,000 Mar,

Apr.25,000100,00050,00025,000 July

300,000 July40,00075,000

200,000 Si50,000

100,000 Nov50,000 No^50,000 No'

500,00050, 00025,000 Dec,25,000 Dec80,000 Di

150,000 Dec.

_.„„ 25,1927May 28,1927Tuly 19,1927July 28,1927Aug. 15,1927Aug. 17,1927

21.19271.19274.19286,192816.192824,192826,1928

._.. 3,1928Apr. 19,1928Apr. 25,1928

3,1928__„ 24,1928Aug. 22,1928Aug. 29,1928Sept. 24,1928Sept. 27,1928Nov. 2,1928Nov. 14,1928Nov. 21,1928Nov. 26,1928

do7,1928

„. 10,1928>ec. 14,1928

24,1928

25,000 Dec.25,000 Ja40, 000;

1,000, 000 Jan

31.192810.1929

3 Jan. 12,192918,1929

100, 000 Jan. 19,1929

60, 00050, 000

Feb.Feb.

30,000 Feb.Feb.Feb"Feb.Feb.

100, 00050, 00025, 00050, 00050, 00025, 000 Mar

MarMar

50, 00060, 000

25, 000

9,192913,192915,192918,1929do20,192921,192923,19295,192914,192915,1929

Apr. 10,192950, 000 Apr. 13,1929

"ay 2,1929do

ay 4,1929May 15,1929

do

25, 000 M25, 000

100, 000 M:100, 000

50, 00090,00025,000 Ju50,000 J

May 22,19293,1929

une 14,1929

Dollars136,778

227,72443,31698, 784279,559306,184

3,369,712115, 516186, 513568,49183,262149,568

1,296,51579, 23595,992769,917380, 301122,205846, 745117, 512238,383277,770421, 553248,06660, 535187,282

8,123,464153,637105,789187,197399,828

1, 268,833

46, 20233,998128,618

7, 277, 683804, 625

142, 500301, 745169,120181, 452165, 603108, 968196,45543,17263, 23877, 510

303, 761

50, 910296, 523189, 75285, 76485, 097731, 968109,458,88735,134113, 710

Dollars240,680

450,675155,469473,901215,106330,4S6

1,841,822161,39281,455633,46093,81087,107953,690291,387109, 552195,038245,257102,141151, 541229,458196, 325911,43998,004361,998131, 274264,963

1,070,097463,14463,659140,485195,906813,433

30,13542, 033132, 545

1,194, 550211, 021

274,462301, 588150, 469274, 513261,90371, 598275,89390, 652102, 306378, 082441, 319

56, 235325,16859, 678142, 649232, 666

1, 315, 256236, 338456, 963152,126173, 490

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 348: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars97,892

260, 77562, 428

223,91645,60991,002

479, 048392,001

42, 363318,088

4,69122, 244

445, 39960, 29720, 578

106,71873,17712, 554

106,19141, 285

103, 740561,448

97, C "115, 736110, 309112,196938,815204,104

32, 76834,873

119, 051184, 253

16,6018,25y6,547

1, 492, 69f125, 96:

280, 8885, 37344, 256

131, 038100, 670

27, 20355,126

112, 83312, 04272.13542,345

21712, 6097,747

138236, 331293, 81482, 26776, 07354, 92311, 430

Addi-tionalassets

receivedsince dateof failure

Dollars68.433

25,82918,16165,23834,967

257,929502,434

34,8206,952

295, 61622, 2175,067

51, 67093,89081,914804,846115,71531, 390339, 06734,98612.43450,8429,03578,29328,95958, 570131,960142, 8779,889

39, 03132, 22360,063

17,87918, 32266, 866715,1242,749

98, 88548, 03780. 86924, 74217, 4375,732

23. 41866, 06125, 37716, 8039,962

44, 44015, 88626, 48;43, 20616, 251

167, 45055, 44924,12019, 9381, 312

Totalassess-mentuponshare-holders

Total assetsand stock

assessment

Dollar,50,000

50,00025,000125,00050,00050,000

50,00050,000200,00025,00025,000

200,00050,00025,000100,00050, 00025,000

40,00075,000200,00050,000100,00050,00050,000500,00050,00025,00025,00080, 000150,000

25,00025,00040,000

1,000,000100, 000

60, 00050,00030, 000100, 00050, 00025, 00050, 00050, 00025, 00050, 00060,000

25, 00050, 00025, 00025, 000100, 000100, 00050, 00090, 00025, 00050, 000

Dollars593,783

1, 015,003304, 374986,839625, 241

1,035, 6016,193, 016

753, 729367,283

2, 015, 655228. T "288.986

2,947, 274574,809333,036

1,976,519864, 450293, 290

1, 443, 544463, 241625, 882

2,001, 499676, 291904, 093381, 077673,011

10,764,3361,013, 762237,105426, 586827,008

2, 476, 582

135,81127, 612374, 576

11, 680, 04'1, 244, 362

856, 728786, 743474, 714711, 745595, 613238, 501600, 892362, 718227, 963594, 530857, 41

176, 802700,186308, 664296, 757670. 345

2, 608, 488533, 721

1,106,043287,121349, 942

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars301,079

459, 036196,139293,000390, 608480,093

4, 073, 263139,003220, 562693,075103.141154, 252

1, 611,408211,145145.142792, 279396,900176,138

1,412,131193,10"291,047812, 346373,730361,19585, 902388,911

7,301,991270, 592122,850230,706387,101

1, 298, "

42, 43950, 049194, 093

7, 387, 881805, 752

235, 830413, 816317, 089232,165276, 768137, 509235. 662147', 62299, 022

223, 791381, 201

64,04'405,170103, 274164, 474226, 244961, 346106, 575590, 961109, 542105, 056

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars28,855

30, 26010, 25'107,55615,8739,828

14, 74810,870175, 65017, 2642, 526

124, 77319, 6668,81772,6587,00018,154

8,03953,07179, 36933,04346, 27823,64411.865

283,11842, 585

60017,87768. 34979,804

4,30810, 40032, 407

664, 44533, 660

47, 61242,12124,13823, 69321, 2443,720

36, 5596,0613, 83111,02443, 359

7, 69735, 20011, 77612, 69020, 45329, 5039,259

83, 60216, 20027, 054

Dollars32,449

22,19418,52446,28336,85152, 408134,21514.79623,19468,14716,4496,034

117,74434,89114,59652, 68331,60011,13744,13012, 25833,43235,94029,92126, 5606, 562

30,975184,84167,52911, 20027, 32713, 22653,479

4,9854,38014, 654

239, 48035, 249

22, 03937, 02115, 72135. 45112, 7049, 94314, 7246,9289,40:13, 36823, 772

7,89317, 60(6,8409, 5858,021

24, 8118.925

49. 87714,18627, 497

UnpaidbalanceR. F. C.

loan

Dollars

G, 000

1,400

13, 70026, 600

1,400

Offsetsallowed

andsettled

Dollars26,522

43,61328,01556,47828,688

136, 600

48, 58312,96450,83313,80525,853117,87332,4949,881

160,33636,1619,51310, 74116,19146,345105,85830, 63595, 64130,21639, 676980,06243,42210,66825,55717,702

142, 524

4,15919, 57042, 675800, 29195, 683

45, 55836, 84829, 22728, 70051,51519,05242, 9799,63219, 58618, 41260, 918

3,4'25, 56414,16710, 89157, 427

255, 39845,11061, 76421, 27412, 897

1140

1141114411511152115611571177117911861187118912011208121012131214122212251227122812311232123512391241124212431245124712491253

12551256125712581259

12611263126412051266126712691270127312761277

1279128012811282128312841285128712881290

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

Page 349: Annual Report of the Comptroller of the Currency 1934

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

1140

11411144115111521156115711771179118611871189120112081210121312141222122512271228123112321235123912411242124312451247124912531255

1256125712581259

12611263126412651266126712691270127312761277

1279128012811282128312841285128712881290

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars388,905

555,103252, 935503,317472,020678,929

4, 207,478217,130267,590987, 705150, 659188,665

1, 971, 798298,196178, 436

1,077, 956471,661214,942

1,467, 002229, 595423, 895

1,033, 513467, 329529, 674146, 324471, 427

8, 750,012424,128145, 318301,467486,378

1, 574,40255,891

84,399283,829

9,092,097970,344

351,039535,806386,175320,009362,231171,624329,924170, 243131,846266,595509,250

83,115483, 534136,057197,640312,145

1,271,058183,569812,804162,602172,504

Loss onassets com-poundedor soldunder

order ofcourt

Dollars67,932

1397,610

55, 221512,36169,161

112, 951589,57130, 739

4,813452, 788

19, 63645

276, 41726, 641

153, 013650,032

2,80017,35820,672

213,943213,49087, 36610,88473,06122, 532

194,424961,025479,058

28,02545, 743

342, 205453, 443

64, 219

32,99397,808

324,26666, 228

130,57761,57698,39886,08042,537

726103,67750,50737,86610,843

134,119

84, 27710,37930,98930, 71699,954

235,36215,0735,1188,1317,688

Book valueof remain-ing uncol-

lectedassets

Dollars148, 250

64, 743

86, 783255,957

1, 530,182485, 404

78, 944618, 95967,39883,836

741, 576254,529

273,872378, 589

65, 281

795, 929211,042274,196192, 427

1, 021, 258170, 69050, 56299, 580

432,020

2,167, 609176,699

384,763224, 503

264,800174, 79356, 214

168, 574104,95746,489

291,484221,179

209,073135,23465,676

186,7201, 056,382

316,96335S,200123,174174,301

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars21,145

19,74014, 74317,44434,12740,172

35,25239,13024, 350

7,73622,47475, 22730, 33416,18327,34243,0006,846

31, 96121, 929

120. 63116, 95753, 72226, 35638,135

216,8827,415

24,4007,123

11, 65170,19620, 692

14,6007,593

335,55566, 340

12,3887,8795,862

76, 30728,75621, 28013,44143,93921,16938,97616, 641

17, 30314,80013, 22412,31079,54770,49740,741

6,3988,800

22,946

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

9,524

77,802

3,594

11,9112,4764,125

5681, 772

6,22225,855

1,8007,199

8 32,430

9,19527, 664

8 36, 555

8 5,149,6248 7,979

13,589

9,343

13,845

29,009

19, 5408 129,919

9,111

6,9125,718

On un-securedclaims

Dollars269,816

450,755149,862322,819297, 791381,502

9 4,073,49665,03688, 684

257,641113,33184,001

1,055,65785,84088,810

494,607148,986141,129

91, 257275, 799143,169253, 239221, 55366, 366

341,1148 5,535,794

191,009107,042185, 227250,089

8 864, 71333, 353

22, 587131,083

81,293,1918 611,997

115,480388, 353282,27470,186

247, 52172, 549

160, 30393,99186,27129,981

375, 777

46, 304245,45459,136

123, 61956, 036

8 443,90533,593

610,89268, 26327, 316

Footnotes at end of table, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 350: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars70,536

43,85979,153115,51694,705185,9323,367

101,434132,040559,39616,37473,082741.667127,57156,577397.668254,73750,751

1,401,512116,306105, 294802,642138, 554247,67549, 582108, 745

2,872,74273,74417,38872,895168,801535, 25114,178

34,367133,298

2,282,680314,287

78, 69899,27956,865156,11769,68572,947119,23748, 56924, 208158,69362,100

22,159155,76841,865

191,523569,332105,055137,72354,33496,891

Cash ad-vancedin pro-tection

of assets

Dollars2,258

2,04014,2395,329

26627,309

812,832

13,24492238

3,13628,583I V18,7682,3161,712

25,7421,503

25,021

24,6664,846

183

36,16752, 564

1,2423,734

11, 598

233

97,621600

23, 53713,0398,436

27,7766,451

980704

3,1161,9464,230

15330, 231

1035,0197,003

36,4215,928

16,298

3|6o5

Conser-vators'

ex-penses

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars39,447

38,04521,88050,74339,83971,09079,70729,69738,00459,14916,47417,382

111, 04541,75718,63498,94650,86016,97739,74820,52936,57849,76438,09537,53216,50621,568

187,65168,46419,54028,05436,09057,0578,360

27,21219,448169,47334,171

41,45630,14538,60045,28830,53821,91928,93119,46915,50928,14848,634

10,97036,85626,13113,24529,85866,99429,60344,12022,66231,376

Cash inhands

of comp-trollerand re-ceivers

Dollars6,848

22,444

24,83240,13923,59920,8826,03020,4733,55810, 56860, 2932,534

63,84214,1942,601

7,06212,77516,268

85,22838,347

4,854

69,228

99,5081,310

78,2794,990

11, 2998,0363,2296,9045,0983,91216,53422,739

3,52915,2258,82218,8718,18524,487

2793,7712,5357,548

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollan359,770

819,554167,321490,217415,763762,832

4,073,496551,163126,695

153,158152,878

1,757,772231, 519165,530897,247423,870160,397

222,150350,254703,779423,819540,711262,378397,936

6,479,482763,483184,611246,084514,268

1,487,93851,511

55,560142,058

6,508,095

505,393517,883369,028312.379385,861105,143352,381144,628141.380393, 279625,429

56, 799444,088200,406183,584222,786

1,738,063284,711814,523170,634136,363

Divi-dends(per-cent)

75

5589.5364.397350

1001270407455603753.635535

41.0876. 7362060452885.722

8 8425587056.833

85864.75

40.65592. 277

8 998 87.5

257576.482564694565601560

55296725

8 3215754020

Interestdivi-dends(per-cent)

Mar. 6,1934June 5,1934

M a y 17,1934

Date finallyclosed or

restored tosolvency

Feb. 19,1934M a y 28,1934June 19,1934

M a y 29,1934

Jan. 4,1934

Jan. 29,1934

Oct. 8,1934Apr. 25,1934

Oct. 31,1934

1140

11411144115111521156115711771179118611871189120112081210121312141222122512271228123112321235123912411242124312451247124912531255

1256125712581259

12611263126412651266126712691270127312761277

1279128012811282128312841285128712881290

106093—-35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 351: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

12911292129312941295

129612971298130013021304130713081309131213131314131713191320132113221323132413251327132813291330133113321333133413351337133813391342134313441345134613471348134913501351

135213531355135613591360136113621363136413661367

1370

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

25, 000100, 000150, 000130, 000

200, 000150, 000100,000 N<r25,000 Dec,50,000 Dec.

200,000 Dec.25,00050,000

100,000 Ji50,000 Jan

25,000 Jan100,000 Jan100,000 Jan.25,000 Jan.400,000 Jan.35,000

Oct. 18,1929Oct. 26,1929" v. 18,1929

10,192913,192930.1929do7,19308,193010.193013,193018,193022,193030,1930do

500,000 Feb. 4,193050,000 Feb. 5,193050,000 Feb. 11,1930100,000 do25,000 do50,000 Feb. 17,1930150,000 do.25,00025,00050,000

Feb. 20,1930Feb. 25,1930Feb. 27,1930

4,193025| 000 Mar. 6,1930

8,1930. ) — - doi, 000 Mar. 10,1930

25,000 Mar. 12,193025,000 Mar. 13,1930250,000 Mar. 14,1930

50,000 Mar.>, 000 Mar.

25,000 Mar.40,00025, C "

50,000 Mar.100,000 Mar.100,000 Mar.25,000 Mar.

100,000 Apr.100,000 Apr.100,000 Apr.50,000 Apr.50,00025,000

Ap;. )May

30,000 May100,000 May

17,193018,193020,193024,19301,19309,1930

12.193019,193022,19301,1930

13,193016,1930

Dollan78,536

413, 486234, 813409, 892519, 063

7, 051411, 626535, 531812, 843695, 771118, 657149, 375105, 651203,840841, 377528, 445236, 32138,795106,095413,96760, 769236, 63040,35547,834118, 770

142,168784, 467179, 795

4, 418,26464,37672, 535280,84529,14453,359

1,022, 25164,838157,941190, 440215, 47"151, 60641,616213,64346,040122, 54232, 128

3,858, 565

13,40737, 655241, 37478,007318, 034

600,000 June 9,1930

307,01'189, 627116, 038154, 867201,856202,160

1, 977, 477

Dollars134,102885, 600

700^ 759131, 400

50, 573877, 755

1, 203, 5861,164, 714378, 26659,176298, 984133,113307, 531525,88"

1, 244, 289150, 75763, 549115,938509,959212,11159, 21387,801121, 635289, 76:494.952134, 840611, 76"133, 521

2, 070, 569236,11256,024269,10250, 62"112, 645409,04446,35173, 27094, 744149,089105,95679,317167,012151, 038105,94238, 072

1, 416, 427

105,90657, 212307, 646127,487553,102

249, 399125, 644446, 665118,46427, 95:763,742

3,905, 656

Footnotes~at~end]of table, pp. 448 and^449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 352: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars18, 299

730, 857276, 029231, 915146,441

41,094326, 74.390,535526,181263,68316, 354116,382163, 55390, 903207,807218, 871152,0093,901

37, 391387, 33058, 973

532, 793118, 00163,127113, 419122, 25658, 242343, 09269, 618294,18639, 89781, 64955,16522, 67929, 591220,84710, 76122, 22166, 88272, 97327, 36742,17141, 71240, 5163,3419,462

525, 912

78, 737119,12217, 21128, 45534, 792

116, 50267, 638

249, 68858,138

199222, 790

394,067

Addi-tionalassets

receivedsince dateof failure

Dollars27,03064, 398

150,81919, 64386,345

613186,07.130,086153,0640,4591,589

67, 7987,111

45, 28465,28119, 32821, 5484,80345,13457, 0673,1096,16333,811

7155, 57015, 765199,15217, 36922, 920

812, 00022, 26754, 3835,265

22, 65041, 56531, 477

3991,89024,01818,50076, 856

63415, 971

7845,703

206, 443

3,8671,977

20, 76673, 96011, 000

250164, 5503,638

66, 7673,337

33, 246114, 068

832,876

Total

mentuponshare-holders

Dollars50,000200,000100,000100,000100,000

25,000100,000150,000130,00050,00035,00050, 00050,00050, 000200,000150,000100,00025, 00050, 000

200, 00025,00050, 000100, 00025, 000100, 000100, 00025,000

400, 00035, 000

500, 00050, 00050, 000100, 00025, 00050, 000150, 00025, 00025, 00050,00050, 00025, 00025, 00040, 00025, 00025, 00025, 000

250, 000

50, 000100, 000100, 00025, 000100, 000100, 000100, 00050, 00050, 00025, 00030, 000100, 000

600,000

Total assetsand stockassessment

Dollars307, 96:

2, 294, 3411,056, 3301, 462, 209983, 249

124, 3311, 902, 202, 409, 7382, 786,8051, 428,179230, 776682, 539459, 428697, 558

1,840, 3522,160, 93r660, 63,136, 048354, 558

1, 568, 323359, 968

379, 968257, 667677, 521821, 961559, 402

2,156, 695440, 854

8, 095, 019412, 652314, 591710, 377150,100287,160

1,833, 619147, 349280, 322426, 084506, 039386, 785188, 738478, 338339, 574257, 609110, 365

6, 257, 347

251, 917315, 966686, 997332, 909

1, 016, 928100, 250937, 468436, 547929,158359, 806293, 252

l,402,7f~

7,710,076

Progress of liquidation to date of this report

Cash collections

from assets

Dollars116, 281

889,050420, 954346,072576,182

29, 556794,144

1, 064, 6761, 211, 770

737, 528135, 235279,179154, 453282,495988, 964485, 589213, 96444,824

110,136508,151121, 606481, 486

79, 262229, f "~131,884159,476658, 307256, 788

4,812, 519134, 76889,150

287, 84243, 01877, 612

1, 060, 78035, 383

153, 844220, 709287, 491173,821

41, 474192, 499

58, 60180, 02636, 725

3, 378, 231

50, 02927, 934

267, 797146, 822437, 956

250314, 897162, 813449, 865107, 26397,011

383, 438

2,643,818

Cash collections

fromstock

ment

Dollars24, 483

127, 542

62, 26'77,468

1,75453, 97'112,096116,01838,60622, 29'18, 50828, 23915, 788152,1042,00023,8357,91418, 052

138, 92710, 05324, 44811, 9827,462

50, 26466, 36312, 571143, 23618, 200

112, 7518, 90814, 26165, 8901,020

30, 762119, 28513,11617, 48538, 03321, 3925,50013,15021,7112,52713, 9874,782

169, 772

26, 49345, 22560,1273, 890

62, 23475, 70638, 0611,9007,7804,5425,736

32, 590

328,640

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent;etc.

Dollars27, 60738, 66214, 61218, 64427,461

5,03941, 54360,16990,86138, 0859,50120,8327,42421,83670, 20715, 9817,0216,0589,36717, 4517,6897,7083,33215,19411, 22220, 6119,118

45, 08514, 794119,81414, 7073,003

32, i4,3295,816

41, 2573,59312, 72318, 5249,8487, i'"3,808

14, 82812, 5363,9051,580

35, 881

6,7614,62722, 3164,950

31, 8631, 21317,1765,059

36, 5364,5485,881

57, 816

140, 244

UnpaidbalanceR. F. C.

loan

Dollars4,600

18, 500

5,000

8,300

6,200

19, 800

5,400

Offsetsallowed

andsettled

Dollars8,646

126, 54720, 45961, 70263,657

765100, 316209, 628145,84658, 5947,191

34,18,018

112, 76885, 25169, 92856, 9313,947

12, 56077, 07018,41111, 6065,0955,616

63, 41512, 55562, 43876, 87517, 465

621, ""

8,94244, 4715,0999,47072,1822,49013, 81325, 84225, 82351,1369,00337,10338, 63710, 26310,101

973, 528

9,724

11,85060,19035, 997

42, 55049, 45472, 45836, 5889,732

62, 530

492, 528

12911292129312941295

129612971298130013021304130713081309131213131314131713191320132113221323132413251327132813291330133113321333133413351337133813391342134313441345134613471348134913501351

135213531355135613591360136113621363136413661367

1370

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

Page 353: Annual Report of the Comptroller of the Currency 1934

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

12911292129312941295

129612971298130013021304130713081309131213131314131713191320132113221323132413251327132813291330133113321333133413351337133813391342134313441345134613471348134913501351

135213531355135613591360136113621363136413661367

1370

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars181,623

1,200, 301495,018488,685744,768

37,114989,980

1,446, 5691,564, 495

872,813174, 224352, 981208,134432,887

1, 296, 526573,498301,75167,743

150,115741,599157,759525,248102,897107, 534354, 599231,413243,603923, 503307,247

5, 667,052164,869115,356439,189

53,466123, 660

1,293, 50454, 582

204,065303,108344, 554238,04367,435

266,141112,301108,181

53,1884,557,412

93,00777,786

362*090215,852587,85077,169

412,684219,226566,639158,341118,360536,374

3,605,230

Loss onassets com-poundedor soldunder

order ofcourt

Dollars19,53894,907

460,04250,614

243, 410

69,010265,744286.367348,623157,288

4,653180, 72273,10535,815

155,741183, 587289, 740

9,3301,357

72, 66417,51015,94113,3936,029

86,970175,514312,488

61, 58017,080

364,90168,460

166,49936,73242,19427,79244,40526,826

1,68716,493

142,72520,44716,45717,16744,954

142,32011,338

1,655,588

33,008128,929145,996

7,45645,434

480,02133, 545

122,89213,32115,40385,595

840,611

Book valueof remain-ing uncol-

lectedassets

Dollars113,496983,83754,875

903,821

641,998699,067950,566424,76948,697

138,176163,852216,480410,396

1, 271,829

52,947180,505710,438177,441425,766178,992141,760197,438402,008

959,933114, 521

1,795,631152,938

241,33234,789

122,286506,252

57,65085,978

113,040

116,38196,804

191,569172,382

27,201

109,15659,103

161,35493,441

397 541

140,735233,943177,634141,106771,197

3,133,119

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars25,51772,45861,00737, 73322, 532

23, 24646,02337,90413,98211,39412,70331,49221,76134, 21247,896

148,00076 16517,08631,94861,07314,94725, 55288,01817,53849, 73633,63712,429

256,76416,800

387,24941,09235,73934,11023,98019,23830,71511,8847,515

11,96728,60819,50011,85018,28922,47311,01320,21880 228

23,5074,775

39,87321,11037,76624,29461,93948,10042,22020,45824,26467,410

271,360

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars115,91568,64533,81613, 515

93341,43325,16469,954

23,091

10, 2683,011

12,4973,798

665

22, 58813, 23013,004

23,1921,818

2,502

1,824

8812,758

1,839

8 591,644

24,000

2,3853,494

69 599

1,175

7,2995,225

60,449

On un-securedclaims

Dodars

84,99568,135

177, 629361,159

2,154268,803675, 653274, 540

8 610, 231107, 213231, 420121,994178,059719,888

114,89331,27247,074

392,70946,35971,92416,75756,887

153,96089,635

107,156391, 682158,497

1,683,27951,90291,164

300,81910,91377,218

929,49011, 573

140,433175,185268, 633101,16626,064

125,0077,785

45,67924,429

8 2,718,584

46,6911,446

256,60856,837

218,448

207, 54413,38935,84553,20035,221

227,031

1,136,510

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 354: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tectionof assets

Dollars29,438

935,641346, 895204, 291326,928

27,009581,938630, 258

1,029,804134,463

45,94934,65059,170

211,990447,884459,638150,743

18, 84569, 678

210,84774, 068

410, 75659, 90329, 253

132, 04183, 78492, 237

386, 290119, 273

3,495, 37276, 0678,985

82, 36026, 23021, 647

248, "18, 41431, 383

105,08357, 86875, 67527,00996,88479, 88241,83113, 915

1,147, 919

16, 76327,34970, 230124, 383318,793

174, 946175, 705331,49769, 539

194,153

1,899,041

Dollars2,420

39,833

31,58658

3,5068,3003,666700354

22,19814

66528,1732,292517

"16," 3997,765418

3,4291,82883"

2,746

23, 464133

83,1736,582195

2,664151

1,4113, 3116,6652,561330372

5,461

5911,2381,783118

4,5122,0753,221

5912,943

9,46912,0293,88735,453

179,47:

ionser-vators'

ex-penses

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars30,87764,90233,56148,20656,623

7,01857.07466,92685,99153,61416,76229,14521,00437,75446,54259,58225, 33011, 73519, 51265,12724, 47030,17116, 32112,60024,99526, 21431,20671, 45123, 074

186, 25725, 73515, 01236, 6769,17517, 29745,98711,29422,39117,78817, 68124, 30710,16523,00217, 42817, 5607,51851,424

24,27511, 24824,41918, 38029,5335,78230,19422, 85749, 53417, 55020,05565, 705

190,853

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Dollan2,9736,285

12,61113,458

37,22640, 268

100,54073,805

3,94635,5685,9524,419

30,94851,986

3,45252, 6548,646

12,3975,8226,966

20,17815, 804

50, 6166,270

195, 7792,765

"~ 16," 6704,4956,081

55,8544,8127,2974,722

30, 5531,439

20,6574,1291,3287,208

47,841

76611,6687,61213, 8084.6391,788

6,100140,2946,0235,0118,807

138,906

Dollars

Amountof claimsproved

Dollars154,485608,601361,195986,920405,488

65,406870,187

1, 261,0491,178,0821,109,528

112,836461,649297,547363,089845,464

1,198,947260,716

56,679147,194872, 523229,893450,124

87,198142, 216287, 391510,863330,154889, 351216, 355

4,005,942216, 274143, 014448, 536

51, 426122, 458

1,177,09088, 815

193,722206,098323, 596335,929119, 447277, 543189,863152,199

37, 5863, 577,093

133,411106,025383,025290, 653472,903100,000379, 731145, 641581, 534213, 768142, 601906, 278

3,471,230

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

7516.52018

4.72295523

8 559550414984

44.075531. 6674520162040552035.924473422463.573. 333256378.51572.58583.013302445530658 76

35246720456954.51010252725

33

Date finallyclosed or

restored tosolvency

Jan. 11,1934

Dec. 8,1933

Aug. 1,1934

M a y 18,1934

July 31,1934

Oct. 1,1934

Aug. 6,1934

12911292129312941295

129612971298130013021304130713081309131213131314131713191320132113221323132413251327132813291330133113321333133413351337133813391342134313441345134613471348134913501351

135213531355135613591360136113621363136413661367

1370

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

Page 355: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

137213731374137513791380138113821383138413851387138813891391139213951396139713991401140214031404140514061407140914101411141314141416141814191420

14211422142414251427142814291430143114321433143414351436143714391440144114421443144414451447144814491450

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

25,000 Aug.25,000 Aug.75,00040,000 Sept.

500,000 Sept,25,000 Sept.25,000 Sept.60,000 Sept.25,000 Sept.40,000 Oct.30,000 Oct.25,000Oct25,000 Oct.50,000Oct,50,000 Oct.65,000

8,1930;. 12,1930j. 22,1930_.do

5,19306,1930

. 17,1930;. 19,1930;. 26,193029,19307,19308,193011,193017,193018,193025,1930do

Dollars88, 497741,650709,92558, 28838,01655,917376.426

1,812,93873, 630

913, 3761, 234, 247

74,172730,411265, 528306,88468,43391, 532277,11075,226

2,059,81937.871110.427241, 68936.872118, 62421,479164, 622120,456193,47144, 694

Dollars38, 383

481, 398141,80987,705149,302178,315381,485

1, 950, 67274,489

1,089, 3401,875, 302

77,552493,144276,120426, 53897,46997,769361,067266, 588

49,30999,238371, 70992,474182,44489, 111141, 23836,492306, 655366,355

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

75,000 Oct. 28,193050,000 Oct. 31,193050,000 Nov. 3,193025,000 Nov. 6,1930

500,000 Nov. 10,1930

25,000 Nov. 11,193012,1930

. . , . . . . . . 17,193025,000 Nov. 18,1930

200,000 Nov. 20,1930200,000 Nov. 21,193025,000 do25,000 Nov.40,000.

24,1930do

50; 000 Nov. 28,1930do

25| 000 Nov. 29,1930.do

JL'IIOL x>niiiuiiai JJCUIIV, \jruie vine, xi.

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,

Pa.

40,000100,000 Dec100,00025,000 Dec.25,00050,000 Dec.25,000 Dec25,000100,000400,000 Dec.50,000300,00025,000 Dec.

2,1930do.3,1930

do4,19305,1930

do.

367,841225,79981,86534,198721,120

69,2825, 325, 303

22, 585,879188,47399,412873,09677,29028,06790,186162,966551,835159,078174, 307

441,404184,43481, 79737, 768

3, 525, 610

44,3008, 583,83711, 640, 702

108,18895,948

1,422,37057,223151,108102,531101, 292721, 64771,604153,146

do8,1930

do.do

9,1930150,000 Dec. 12,1930

I

315,405170, 979196, 362412, 44234, 99079,589

1,130, 7632,071, 566

82,010947,832196,13987,802

1, 216,00696, 680137, 34888,41563,09841,003771,438

2,024, 755106,820

1,704,505241,697608, 771

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 356: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stockassessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars25, 31921, 026

212,1905,7795,0304,823

47, 611487,867

16, 365274,85187,04316, 20556,032

110,06894,811

20920,429

117, 63217,334

Dollars606

321, 0146,026

12, 24216,44787,07922, 31749,485

2,141135, 61594,40453,800

170,22210,034

10432, 31431, 38616,8054,591

5,4147,09542,8199,96366,2235,35424,34432,07170,18094, 753

87,16655, 36429,4411,153

509,361

13,077639, 350

6,074,83015, 893148,93487,44813,42110,9574,14339, 713295,16275, 5555,524

177,1595,46010, 42117, 28331,1797,228

50, 442466, 26431, 365264, 47515,177

30

32,97010,45654, 51165,89843, 2675,88729, 7612,960

75, 34280,326

1472,83413, 97759,091

9985, 553

20, 670421,955410,76516,01312,96976, 264

4829,281347

37, 37936,47010,82228, 085

154, 7822,2032,30747,822

4202,490

39, 682138,31020, 8961,796

11, 6488,659

Dollars25, 00050, 000100, 00025, 00025,00025,00050,000400,00030,000100,000100,00025,000100,00050,000

25,00025,00075,00040,000500,00025,00025,00060,00025,00040,00030,00025,00025,00050,00050,00065,00075,00050,00050,00025,000500,000

25,000750,000

4,000,00025,000200,000200,00025,00025,00040,00050,000100,00025,00040,000100,000100,00025,00025,00050,00025,00025,000100,000400,00050,000300,00025,000150, 000

Dollars177, 805

1, 615, 0881,169, 950189,014233, 795351,134877,839

4, 700,962196, 62(

2, 513,1823, 390, 996246, 729

1,549,809711,750828, 337223, 425266,116847, 614403,739

2, 559,819150, 564252,216770, 728230, 207450,558151,831384,965216,979695, 648636,12865,014

1,044, 245529, 574302,19498, 218

5,341, 644

172,32915,720,44544, 712,176

353, 567557,263

2, 659,178173,416224,413237, 207391,350

1, 705,114342,059401,062100,000

1,963, 352300, 322371, 438615, 962154, —"155,310

2,092,3255,100,895291,091

3,218,608489,661855, 26:

Dollars87, 924

1,148,960567,17576, 83176,08388,767379,477

3,074, 32071, 061

1,154, 2551,871, 662

123, 974776,520265, 289628,39493,859120, 313348,175134,262

2,059,81952,934102,940443,50663, 090124, 58032,460129,200121,448312,703153, 278

509, 776192,134142,08434, 349

2,320,269

70,4985, 731,864

22,413, 775122,41833,963

1, 247,55479,89748,84857,998134,580373,092164,320128,807

766, 38877, 366267,396369, 61229,03568,143677,440

1,913,088107,461923, 654326,374200,439

Dollars.18, 61644, 925

19, 61911,08115,81233,167272,4314,51045,96264, 65014,16775,0954,133

3,23117,07140,11735,219249,8776,71313,87554,54811,15226, 25015, 50111, 57911, 84739,439

Dollars5,128

83, 42423, 7023,8907,2435,227

28,31968,428

5,25862, 338

123, 2215,445

58,03111,0116,4684,593

13,87733, 59312,213

1,6152,5318,972

29, 6719,5598,8331,904

14,178

Dollars

55,91811, 62317,4983,2463,750

305,937

5,753391,064195,09820,705104,58417, 37023,0258,00511,84448,24926,70018,78023,49274, 52526,8923,1603,15020,"

7,68459, 52418,09817,077

220,67616, 576117,021

15,10911,725

36844, 69411,8108,8712,013

164,083

296,149313, 6598,05320,84234,8745,0417,0754,10513,82513,79411,2116,883810

68, 4977,7659,051

22, 0802,8543,390

69, 810104, 6903,611

24, 73414, 44030, 027

Dollars6,16849, 24257, 4126,98410,93747, 72443, 506344, 6477,193

255,14471, 6367,485

135,99734,612

18'12820, 40144,63318, 631

1,000

3, 700

10,000

3,99117,43144,24410,4614,94410,56714, 57910, 81728,07027,108

1,600

~41~666

447,7001,593,000

55,94323,0146,1393,622

224,508

9,543965, 934

4, 282, 74438,200

2,000900

5,700

185, 4775,1276,9013,1328,696

196, 51816,91016, 479

2,100

44,800

6,300

77, 57010, 3836,40432,8775,6355,272

117, 406582,05312, 226

214, 91825,63312, 027

137213731374137513791380138113821383138413851387138813891391139213951396139713991401140214031404140514061407140914101411141314141416141814191420

14211422142414251427142814291430143114321433143414351436143714391440144114421443144414451447144814491450

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

Page 357: Annual Report of the Comptroller of the Currency 1934

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

137213731374137513791380138113821383138413851387138813891391139213951396139713991401140214031404140514061407140914101411141314141416141814191420

14211422142414251427142814291430143114321433143414351436143714391440144114421443144414451447144814491450

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F . C.

loan

Loss onassets com-poundedor soldunder

order ofcourt

Dollan117,836

1,326,551735,097107,324105, 344157, 530484,469

3, 759,82688,022

1, 517, 6992,131,169151,071

1,045, 643315,045637, 751119,811171, 662466, 518200, 325

2,311,31166,169144. 218571, 96997, 962164, 60760,432169, 536152, 792395, 321229, 09456,286623,636244,456160, 34043, 734

3,055, 797

92,1747,832, 71128, 798, 276

189, 376159,389

1,485, 275113,09072, 82977, 979

205, 350610,104211, 221181, 36175, 335939, 34:100, 774286,001445, 43437, 52484, 489968, 980

2, 617, 929140, 375

1, 383, 982383,023365, 814

Dollars58,713

78,71323,74716,440189, 64319,138271,4149,615

155, 693258,76390, 270159,792175,093197,05039,63619,63582, 95644, 553

63, 36912, 65417,58625,82856,89218, 63528,1097,70794, 53042,895

99,11410,324

4,070450,484

5,865434, 223974, 76210, 24164,334192,8156,39710, 51418, 57252,097168, 22631, 66546,498

191, 94411, 7543,8824,79049, 99456,895

214, 588992, 262121,404150,926112, 65425,360

Book valueof remain-ing uncol-lectedassets

Dollars

366,65056,452105,335

385, 718610, 58178, 756

848,090

377, 500186, 756

46,80280,767296,850166, 293

5,27094,191

205, 392105.828224,14!60,169188,07752,007210,345362, 84"

14304,412254,10285,07331,177

1,846, 383

61,4237,838,42413,040,895

157, 708258, 966833, 33256, 995133.150117, 505145, 977867, 278104,164169, 278

827,450175,81968, 756158, 68345,023

982,8911, 213, 492

1, 629,110

467, 436

Bookvalue ofremain-ing un-

collectedstock as-sessment

Bookvalue ofassets

returnedto share-holders'agents

Dollars6,3845,075

13,1925,381

13,9199,188

16,833127, 56925,49054,03835, 35010, 83324,90545,867

21, 7697,929

34, 8834,781

250,12318,28711,1255,45213,84813, 75014,49913, 42113,15310, 56123,0179,082

63, 37'32, 50246, 75421,250194,063

19, 24'358.936

3,804, 9024,29595,416182,6301,97516. 99528,1561,751

73, 3006.22016,50825, 47573,10821,84021,85029,13525,00017, 31640, 476381, 90232, 92379, 3248,424

32, 979

Conservators'distributions

To se-cured

creditors

Dollars Dollars

To un-secured

creditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

3,630

167,5637 , " "

7.6753,. 850

246, 538

43, 5888,016

10, 679

11, 313

21, 70652, 209

6, 70'

1,890

8 370,032

2,1575,097

11,571

72, 704

4,646

1,034

15, 421

22,806

On un-securedclaims

Dollars'91,460

1,190,319532,35561,40751,21943, 683

354, 6642, 268, 970

522,4651,330,024

135, 699395, 771108,067

9 613,38151,58881,319

324, 696149, 704

47717, 74081,453

136,99124,19916, 96924,083

101, 67981, 306

321,17350,582

329,00193,86958,2293,288

1,828,808

29, 5104,440,103

914,451,74080,047

143, 479703, 545

75, 55120, 75311,494

165, 51245,637

135, 976102,487

158, 25715, 622

259, 283313,361

3,17648, 352

463, 2331,016,309

95,636497, 558290, 748206? 160

Footnotes at end of table, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 358: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cluding

allowed

Cash ad-vancedin pro-tectionof assets

onser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comitrollerand re-ceivers

Amountreturned

}f" to share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars18,430

101,741145,47928,34629, 63796, 87697, 607

1,248, 68367, 941

847, 581576,604

8,927366, 751153,051

6,88952, 54350, 30395, 24818, 944

2,059,81931, 83.540,867

345,11247,881

106, 79927,90836,12125, 63728, 457

114,849143

238,40298, 77880, 45833,134

1,057,268

37,1842, 688,879

11,848, 27289, 849

Dollar,79

1,168122628

5,4901,681

Dollars

22,192548

16,1624,643

230

3,5232,774

7345,2821,977

3,392

7,5088,499

10, 6115,368

7162,914

34814, 402

284, 748

667, 97127, 47428, 38638, 09316,449

449, 62342, 92150,97'

1767,722

13921

5,5824,5291,259

102,477

694,35956,849

6,61177, 20823,45726,480

351,4061,308,087

33,060753,978

51,676108,166

79960

4001,723

55

32,40113,156

344,004

Dollars7,867

33,32338,64612,79014,19515, 29027,182

117,35013, 62179, 74970,766

6,44557,70725,13r17,08610, 62620, 282

Dollars Dollars

18,4954,1534,803

5,016102, 631

5,91251, 742

145,502

30, 20617,0694,47710, 30513,85130, 302

57,85120,668

3955,05411,3898,99511,834

11,02417,4716,92420,20715,05126, 35830, 2291,422

41,13424, 28819,0865,19693,084

19,145258, 443

1, 294,64016, 95411, 90355, 9949,23517, 48715,19412, 67841, 68114, 23218,8972,63163,36021,78613,869"" 172

5, 5552,76513, 9994,29912, 6451,5178,13'19, 48511, 8253,2292,5124,48815, 4462,56'

15113, 723

5,98'60,852

918,8762,5263,831

50,043691

4,0252,5196,182

60, 33318,0826,523

7,17-9,657

22,5721,8115,838

22, 9702,628

65,327147,107

11, 645

41,192133, 270

70

73,26423,94946,525

32,37216, 6504,893

Dollars105,828

1,328,009705,001122,834138,447147,840641,430

2, 568,68661,484

1, 242, 7182,229,105134,116996, 523431, 520584,221110,045176, 796597,353290, 710

2,890, 41644, 399127, 598195, 67785, 398277, 70260, 216282,476138,239465,054337,80765,262567, 309313, 51177, 64016, 900

3,047,828

65, 2779,945,73321, 564,143

199, 254250,536

2, 384, 47888,827150,316138, 604236, 452935, 672224, 006242,115437,215791, 664225, 228288,097406,97687, 22:72,930

1,406,9732, 738,466

126, 63'1,445,464363,44:329,856

86.3889. 62875503729.5555

8 88. 333

Jan. 12,1934Aug. 27,1934

une 30,1934

426010056.525

U00474655518.540. 546627031104036676919805830753060

47.58 459 674057. 26841851512706604216. 6292099077566.334.53775.24368062.5

1.18 Oct. 4,1934

Oct. 8,1934

Oct. 13,1934

Mar. 6,1934

Jan. 4,1934

137213731374137513791380138113821383138413851387138813891391139213951396139713991401140214031404140514061407140914101411141314141416141814191420

14211422142414251427142814291430143114321433143414351436143714391440144114421443144414451447144814491450

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

Page 359: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

145114521453145414551456

14571458145914601461146214631465146614671468146914701471147214731475147614771479148014811484148614871488

14891490149114921493149414951496150015011502150515061507150815121513

151415151516151715181519

1520152115221523

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

dodo

50,000 Dec. 18,1930Dec. 19,1930

100,000 Dec. 20,1930do40,000

25,00060,00025,000

500,00060,00025,00030,000100,00025,000250,000200,00025,000100,000250,000 Ja:

25, 000 Ji25,00050,000

Dec. 23,1930do.dododo.

Dec. 26,1930do.dodo

Dec. 27,1930Dec. 30,1930

do.do

1,1931an. 6,1931.....do-Jan. 9,1931

25,000200,00025, 00050, 000 Ja:

do.!dodo.12,1931

dodo

000 Jan. 13,1931do22,1931

do

50, 000100, 000

50,100,000100,000 Ja;200, 000500, ""50,000100, 00025, ""75,000100, 00050, 000

an. 26,1931Jan. 27,1931

do.an. 28,1931....do—Feb. 7,1931Feb. 9,1931

Dollars57,07!346,45580,87845,86518,801179,307

2, 051, 566113, 481175, 801J6.210104, 786414,284165,266102,73453,06153,36331,707146,541

3, 274,828150,58348,59915,98239, 63498, 526

1,122,053984, 25265, 337161,194

1, 231, 48328,96923, 33390, 445

95, 438200, 336112,1473,96'

145, 081193, 746251,159920,193125, 20187, 261293, 216176, 591119, 079

100,00050,000200,00025,000250,00040,000

50,000100,000200,00050,000

Feb. 10,1931do.

Feb. 12,1931ddo

Feb. 13,1931do

Feb. 16,1931do

Feb. 18,1931

118,662243, 623

64,129163, 484

71, 468187, 750118, 202

45, 760275, 693

1,388,122159,319

Dollars29,018

239, 587103,386156,69891,596

461,305

1,318,016129,706139,656241, 21789,660131,194189,386209,006188,62380,011117,569374, 682

3, 390,130206, 46676, 24567,91063,190167,866

1,268,774325,925162,563233,235855,32572,74177, 692131, 629

31, 064609, 98973,17232, 457254, 767514,871395, 303276, 53994, 436344, 212

1, 729,116481,687184, 433

46,115263, 355153, 399

308, 601258, 93"37,16'161,912599, 09"114, 508

129,178378, 281837, 292187, 277

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 360: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstock

ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars1,460

37, 80214,13036,66735, ""'

414, 607

283, 56479, 65625, 373

432, 25131,11829,825112,18799,1287,161

33, 69415, 47264, 443671, 23949,88715, 03143,014

45, 590234, 037125, 35013,80483, 267177,93723, 50512,16414, 478

22, 719126, 06818, 787136, 38550, 387117, 765101,18943, 84911,339

521,157610, 06224, 21947, 810

Dollars41,29524,769

1,04017,45216,87877, 566

44, 59129, 75366,2596,4598,46044,90769,37412, 684

37116,74649,42540,159239, 2096,1303,084638902

42,44146, 2398,0482,276

83, 32173,6672,6587,11726,158

14, 61311, 3775,503

88137, 49831, 75718, 88135, 3752,021

53, 83329, 72096,17374, 882

Dollars25,00040,00025,00025,00050,00060,000

420,00025,00050,000100, 00060,00050,00025,000100,00040,00025,00060,00025,000

500, 00060,00025,00030,000100,00025,000250,000200,00025,000100,000250,00025,00025,00050, 000

25, 000200, 00025, 00050, 00050, 000100, 00050, 000100, 000100, 000200, 000500, 00050, 000100, 000

Dollars153,845688,613224,434281,682213, 206

1,192,785

4,117, 737377,596457,089796,137294,024670,210561,213523,552289,216208,814274,173650,825

8,075,406473, 066167,959157, 544491, 795379, 423

2,921,1031, 643, 575268,980661,017

2,588,412152,873145, 306312, 710

188, 8341,147, 770234, 609222,897637, 733958,139816, 532

1, 375,956332,997

1, 206, 4633,162,114828, 670526, 204

Dollars47,467

323, 985109,787100,29467,585279,737

1, 506,173106,551166,707143,357108,806220, 281101,992191,611138,69081, 57976,045328,116

3,067,763164,98247,20028,55937,383119,112

1,105, 232617,69687,804226,304

1, 233, 27275,19557,74798, 587

84,165309,190

118, 050293, 381317,032535, 671109, 360252, 391

1, 513,068382, 265196, 429

Dollars2,652

18,67919,94121, 2609,884

29,201

279,4135,043

41,73353,54146,13131,6527,914

13,6749,5006,40628,59012,342

330,84845,4751,14716,8002,000

11, 27868,036

173,61319, 48026,910

150, 2738,457

19,53337, 540

17, 48841, 48310, 30019, 40622, 58515, 99931,11954,141

77,824108, 260

18,94459, 763

Dollar,3,022

13,0395,142

11,3382,563

17, 338

150, 03813, 00210,1873,4966,510

20, 7617,78010,6646,7802,3574,77619, 792189,59612,8141,3474,5982,2418,86546, 88945,1396,6643,56663, 4777,6833,6423,835

4,74925, 3795,4672,492

14, 72026, 30822,89537, 3533, "38,18167,14623, 57514, 552

Dollars2,0004,700

32,000

Dollars2,470

33, 36313,1338,710

5293, 632

190,4954,394

14, 625

2,700

6,000

12, 9002,900

9,0008,500

"56," 500

4,000

19, 200

32, 5006,100

10,95879, 566124, 67229,21312,83318, 8136,84936,176692,02120, 4524,124

15, 64215,961

272, 08462, 80311, 79015, 733

164, 4826,5723,84311,625

9,75455, 21016, 27340, 36926, 32f84, 55655, 384125,90717, 962

57181, 85817, 2048,776

145114521453145414551456

1457145814591460146114621463146514661467146814691470147114721473147514761477147914801481148414861487

14891490149114921493149414951496150015011502150515061507150815121513

151415151516151715181519

1520152115221523

60049, 65196, 705

105,447202, 749378, 60757, 293403,13627, 905

48, 64455, 390412, 62921, 536

21, 85814, 030116,838

28,16449, 242

sr8,26

164, 47455, 04749,18935, 526146, 247

240

75, 000100, 00050,000

100, 00050, 000

200, 00025, 000

250, 00040, 000

50, 000100,000200, 00050, 000

143,573545, 698660, 565

606, 341724,412616, 591323,941

1, 604, 457355, 662

322, 771844,890

2,984, 290418, 372

5,081227, 658178,831

178, 854280, 8845,231

124, 333396, 850122, 268

60, 840283, 007

1, 398,164115, 811

50,46958,41637, 978

54, 47827,06252, 62217,88963, 20730, 446

12, 57953,89481,93117, 739

53511,1957,556

20, 3972,6229,49415, 5606,430

5,48916,31184, 39919,291

4,300

21. 83317,20641, 598

20, 55334, 469

16,500

20,0234, 54520, 617

11, 43969, 666257, 5769,673

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

Page 361: Annual Report of the Comptroller of the Currency 1934

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

145114521453145414551456

14571458145914601461146214631465146614671468146914701471147214731475147614771479148014811484148614871488

14891490149114921493149414951496150015011502150515061507150815121513

151415151516151715181519

1520152115221523

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars57, 611

393, 766148,003141, 60280,084

419,908

2,158,119128,990233, 252200, 394172,405352, 260242, 358245,162170, 503109,155116, 260402, 426

4, 280,228256, 623

56, 71849, 95766, 266

163, 7161,492, 241

955,751125, 738272, 513

1,611,50497, 90784, 765

151, 587

116,156434, 262135,72462, 355

200,877420,244458, 930759,172131, 318368,967

1, 770,332441, 988279, 520

77, 918314, 475265,963

262, 569367,11260,475

171, 745510,162179,761

90,347422,878

1,822,070179.014

Loss onassets com-poundedor soldunder

order ofcourt

Dollars16, 26127,13276, 51431, 77664, 43358, 521

85,90952,99022,445

527, 211114,26013, 41649,85769,32810,83983,42235, 97436, 354

153,41065, 551

59, 5954,819

41,57157,20536,17952,390

112,11886,0016,284

34, 5727,314

4,75370, 6755,652

132,4401,1035,411

50,10458, 3796,144

89, 763211,34158, 06563, 079

41, 659197,13450,147

44,40243,031

1,62072, 281

208, 35512,587

23,44614,156

323,23211,801

Book valueof remain-ing uncol-

lectedassets

Dollars62,647

264,133

115,90231,136

700,895

1,915,160188,661203,312

25, 569

306,947259, 692133,40086,854

95,305225,179

3,662, 212162,08191, 63539,390

333, 951177, 779

1, 236, 582726, 897

91, 996206,862854,65739,82224,144

145,184

65,162512,69588,000

442, 258474,791344, 012555, 999

99, 531663, 738855,847321,136157,920

3,700339,989

262, 532316,028409,740

82, 298714,707160,190

177,046378,061805,318231,087

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars22,34821,3215,0593,740

40,11630, 799

140, 58719,9578,267

46,45913,86918, 34817,08686,32630,50018, 59431,41012, 658

169,15214, 52523,85313,20098,00013,722

181,96426, 3875,520

73,09099,72716, 5435,467

12,460

7,512155, 517

14, 70030,59427, 41584, 00118,88145,859

100,000122,176391, 74031,05640,237

24, 53141, 58412,022

45,52222,938

147, 3787,111

186, 7939,554

37,42146,106

118,06932,261

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars615

23,175

5,80913,4927,333

3,842

44, 458

19, 306

16, 547

15, 600752

9,661111, 685

13,1137,5822,832

10,903

2,484

41, 5396,4806,308

64, 529148, 637

15,177

53,167

47,0058,429

57,2562,555

8,91827, 28427,9054,988

On un-securedclaims

Dollars19, 624

150, 77682, 30946,8479,527

148, 931

1,026, 7£013, 525

138,9433,599

113, 526159,70623, 237

131, 850108, 69661,88562, 751

283, 6281, 485,475

155,17139, 209

11,05175, 693

350,600681,841

79, 22758, 369

759, 5P835,14353,18767,160

64, 430150, 52885, 9972,557

83, 57599, 606

235,791320, 728

68, 21955

286, 879280,119157,143

189, 307109, 776

150, 451160, 625

43, 988169, 337102, 415

42,890128,541961, 551

64, 203

Footnotes at end of tabje, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 362: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars23,003

171, 56353, 70467,38843,956

197,587

940,14796,42663,950

139, 25838,893

118,981165,967

87, 09340,91936,40125,54893,493

2,471,02269,528

4,32,75933,71254,128

874,117172, 285

22, 014162, 658662, 57538,89518,18046, 027

39, 200207, 487

28, 49955,82276, 463

184,153160, 334360, 539

38, 792260,626

1, 205, 004124, 802

75, 458

Cash ad-vancedin pro-tection

of assets

Dollars729

13,046277

5818:

20,085

50,1512

385

3,5942,039

14,885243702140

1,8781,746

92,11910,427

4761,0262,024

44,53332,569

3,78928, 351

1,134

1,430

21,806164

5,9882,52814,8132,901I,11,709

6,8753,395

Conser-vators'

ex-penses

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars10,04129,85411,71314, 70911,83136,851

90, 62614,85816,94611,11916,39227,26927,10717, 61516,85110,72918,33020,027

139,90318,6568,4931,016

15,64417, 64371, 20252, 69813,87420,15161, 62012,7979,053

17, 439

12,14738,08115, 6422,627

30, 095

37, 27365,08717, 53123, 244

26,63118,188

Cash inhands

of comp-trollerand re-ceivers

Dollars3,5995,352

6,7911,0969,121

50,415337

13,0281,960

24,95911,1628,3613,335

7,7533,53275,1622,8414,'""106

4,0814,56740,10416,35810,62314,43391,8087,1064,3458,628

37913,8765,4221,3494,75665, 5824,2393,6095,69218,80461, 2233,56110,159

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars43,360

367,750115,901150,445115,476744,399

2, 219, 774248,165198, 259533,973125,071354,421290,458216,148164,64190,34378,458448,340

3,744,480267,563104, 56260,000236, 737

1,098,9651,048,861197,983203,829

1,298,38547,81470,954143,290

73,441556,947153,57385, 227303, 905555,067474,945696,85890,987717,608564,192509,357209,526

Divi-dends(per-cent)

4171.017352020

467

709

90.41538

616668.58061.5405837.539

53530654032.558. 33373.57551

87.527563

27.5254846759

505575

Interestdivi-

dends(per-cent)

Jan. 8,1934

Feb. 17,1934

Dec. 14,1933

Date finallyclosed or

restored tosolvency

145114521453145414551456

14571458145914601461146214631465146614671468146914701471147214731475147614771479148014811484148614871483

14891490149114921493149414951496150015011502150515061507150815121513

151415151516151715181519

1520152115221523

21,83387,835111, 958

74,178174, 2102,27787,472213, 79338, 982

26, 551211,934602,15173,139

4,603

1,990278321

4,0841,4281,995

1,2155,676

39, 4591,017

2,91817, 32127,040

25,03028, 2437,29620,81346, 27521, 479

9,03726, 352112, 96022,344

20, 01212, 586

10,9203,7563,5766,f22,07312,335

1,73623,09178,04413, 323

53,167243,802314,344

316, 739356,410235, 026168, 876630,326176, 582

137,832340,441

1,579,901223,281

1007834

47.54520263558

37.5405730

Oct. 31,1934

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

Page 363: Annual Report of the Comptroller of the Currency 1934

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

15241525152615271528152915301531153215331534153515361538

1540154215431544154515461547154815491550155115521553155415551556155715581559

1560

156115621563156415651566156815691570157115721573157415751576

157715781579158015811582

158315841585

Name and location of banks

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.

100,00050,000

100,000 Mar

60,000100,25,00030,00050,000

100,000 Apr,250,000 Apr,25,000Ap]

200,000

100,000

25,00050,000 Apr.25,000 Apr.25,000 Apr50,000/

300,000120,000125,000120,000 May

150,000 May40,000 May25,00050,000

50,00050,000

Date re-ceiver ap-pointed

13,193117,1931

do, 18,1931, 19,1931.dodo. 23,1931

. . . .do000 Mar. 30,1931

. —.do30,000 Mar. 31,1931

dol1,19316.J.9319,1931

do25,000 Apr. 10,193150,000 Apr. 11,1931

100,000 Apr. 16,1931125,000 do100,000 do40,000 Apr. 17,1931

100,000 do

100,000300,000

60,000 Apr. 18,1931. . doApr. 21,1931

Apr. 22,1931

do23,193127,193128,193129,1931do1,1931

do4,19315,1931

do.do

90,000 May 6,1931_do__

50,000 May 7,1931

ty 11,193125,000 May 13,1931

/Lay 14,1931500,000 May 15,193125,000 May 18,1931

300,000 May 19,1931

) do, ) do

50,000 May 23,1931

Book valueof assets

at date offailure,

estimatedgood

Dollars153,017261,138

12, 393455, 468504, 624363, 667

33,383318, 87"

19, 049239,135125, 668658,870352, 700489,135

118,958536, 59198,99426,581

216,451149,099

1,495,11679,23657,179

126, 540112,865446,127

1,996,3521,540,211

156,632

490356,002900,250

38, 291

113,902475

43, 53657,488

262,8661,409,137

379,57199,154

289,30474,62737,57893,989

350, 68847,67044,770

61,057'46,115

106,0091,144,140

19,860

107,062100,409188,561

Book valueof assets

at date offailure,

estimateddoubtful

Dollars243,077833,12267, 615438, 681790, 704259, 819146, 336145, 37679, 401112,51688, 498818, 883483,105235, 474

719, 330528, 296108,590183,570115, 202319, 550

1,53;, 216157,133610,157147,918215,893480, 238

1,637,9903,302, 311194,719

14,8831, 734, 0371,648, 468

4,780

106, 98718,08145,17780,312326,699

1,181,829597,029730, 842279.18189, 483110,811137,609267,89475,917171, 599

206,265172.182110, 400

2, 448,44359,637

1, 595,801

163,243418,595239,124

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 364: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tional

receivedsince dateof failure

Total

mentuponshare-holders

Total asset:and stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, casJ

collec-tions froninterest,premi

urns, rentetc.

UnpaidbalanceR. F. C

loan

Offsetsallowed

andsettled

Dollars60, 735

9,16i38, 86'

126,453139, 940173, 946

22, 21332, 9453,752

26,8155,845

21,1405,383

257, 656

131, 505176, 583

7,98324,06125, 85417, 57084, 24812,09795, 95838, 54827,990

103, 612168,476392,174101,097

64,475130, 236577, 393

229,440

12,33778,9749,5622,008

36,939274,678

35, 626175,005194,94058,98113, 55525,87360,78634,43560, 287

45791

60,197327,780

25,94986,003

28,77026,676

117,003

Dollars10, 20055, 8666,992

13, 377159, 75:

20, 54;81, 25(12, OK2,154

45, 51524,8ir12, 69212,166

260,169

2,12864, 570

fe,l,786( 2,937

|~l ,02515, 90441,98542,107

34930,13523,78272,88077,982

108,9464,126

1343,02541, 595

411, 730

18,978735

46,38811, 2496,598

158,67149,87117, 29274,95921,73724, 51838,3009,17417,15558,458

89,552438

64,96230, 26542,300123,160

28,792

31,893

Dollars25,00C100,00C25, 00C

100, 00C150,00C100, 00025,00050,00030,00025,00035, 000100, 00050, 000

100, 000

60, 000100, 00025,00030,00050,000100, 000250,00025, 000200,00025,00050,000100,000125,000100,00040,000100,00060, 000100,000300,000

100, 000

25,00050,00025,00025,00050,000300,000120,000125,000150,00040,00025,00050,00090,00025,00050,000

50,00025,00030,000500,00025,000300,000

50,00050,00050,000

Dollars492,02c

1, 259, 28i150,86'

1,133,97i1, 745, OK917,97£308,18£559, 215134, 356448,98:279,824

1, 611,585903,354

1, 342,434

1, 031,9211,406, 040

242,353267,149408, 532602,123

3,402,565315, 573963, 643368,141430, 530

1,202,8574,005,8005, 443, 642

496, 574100,013182,873

2, 361, 8703,837,841

372, 511

277, 204148, 265169, 663176,057-683,102

3,324,3151,182, 0971,147, 293988,384284,828211,462345,771778, 542200,177385,114

406,919244, 526371,568

4,450,628172, 746

3,013,933

377.867599,488626,581

Dollars185, 285460, 32C39,982229,344551,154375, 33971, 035

271, 29:29,17

153, 088102,08r750,91.450,826399, 733

223, 462730,366

79,89.95,162

158,684182,118

1,257,403135, 56547,729

194,029117,387500, 305

1, 678, 7631,327,102

158,859

4,056641,897

1, 293, 209

4,745

143,978579

55,75766, 935

306,3471,172,623

320,450276,830307,173

79, 69091,020

149, 240232, 52094,333

111, 308

118, 220133,05569,902

1,414,35124.323

1,387, 230

137,767169,327226,087

Dollars19,49£81,13410,95'38, 37:95, 34*90, 530

5,22639, 22616,18C17, 39!25,88'76,80C43,17.48,446

10, 99'46, 29£

9,70826, 56414, 78"14, 741

102, 52£2,000

92,45821,47029,03945, 28074,37'63, 78823, 30154,08637, 3067,250

154,999

73, 650

6,58911,47213, 58316, 89323, 549

180, 64838, 54445, 73693,6394,9004,671

24, 28771, 59422, 6768,259

10,35416,02813,400

233, 7813,681

121, 650

42, 53016,48610,302

Dollars21,97430,18S

1, " '35, 33C17, 63825, 02S6,67<

10,95:1,318,76:

n,69:105, 44'

50, 54:22,196

19, 62:31, 45C

4, 6Lr

8,83f7,40.

12,89591, 30710,09:14, 71:14, 2414,816

27,47:76, 79

163, 5838,677

6412,362

47. 55290, 794

236

7,754346

3,5365,799

20, 97590,97111,60711,08155, 6125,6387,555

10, 09424,9599,1134,416

5, 30J5,2536,127

51, 7654,334

94,317

20,17011,15511,137

Dollars16,80C29, 40C

23, 40C

3, 20C

2,50C23, 20C

11, 50C

13, 30C12,90C4,30C

242,90C

8,70C8,70C

136, 70C290, 50C

160,900

1,600

10, 600

2,700

8,50069,000

5, 25018,900

Dollars20,05,52,161

4,78:40,

123, 04233, 03811,9121, 28<

l,13i14,15;14,00C37,10C21, 07137, 57.:

19, 44.62, 80S17, 25'5,40C

17,31530, 468

165, 3529,712

21,10730,92252,926

222, 672258,52921,409

36, 719307, 384

7,39:

2,500

20,0595,586

44, 049124, 60326, 26940,08418, 81410,42217, 2009,51836,8429,9088,764

14, 6145,851

22, 832205,8192,155

80,850

19,89433, 20037,467

15241525152615271528152915301531153215331534153515361538

1540154215431544154515461547154815491550155115521553155415551556155715581559

1560

156115621563156415651566156815691570157115721573157415751576

157715781579158015811582

158315841585

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

Page 365: Annual Report of the Comptroller of the Currency 1934

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

15241525152615271528152915301531153215331534153515361538

1540154215431544154515461547154815491550155115521553155415551556155715581559

1560

156115621563156415651566156815691570157115721573157415751576

157715781579158015811582

158315841585

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars263,609653, 20956,801

343, 425810, 582523, 92998, 049345, 76450, 302216, 601153, 660970, 262565, 613507, 948

285, 026870, 913124, 778148,862202,494240,226

1, 859,491157,368154,898250, 855190,864634,682

2,189, 3002,103, 502212, 24654,72743,724894,318

1,846,386

78,631

165,71812,39794, 53595,213405,520

1, 568,845396,870373,731475,238103,350120,446193,139365,915136,030132, 747

148,493160,187120, 761

1,974, 71639, 743

1,702,947

220,361232,668284,993

Loss onassets com-poundedor soldunder

order ofcourt

Dollars48,175

138,07"22,84333,87647, 463

100,05548, 401

1,9043,218

17, 756

502, 788285, 928

44, 600

63, 768143,039

11, 79830,021

26,236347,073

16,780

61,19420,62282,37698,079

294,91149, 551

296237,172148,093

6,57714,5972,247

17,44920, 745

126,611380, 501286,970

28,15520,46351,17618,55556,10870,93682,967

55,47038,95024,027

213,4356,452

233,189

3,10510,60797,483

Book valueof remain-ing uncol-

lectedassets

Dollars213, 517508, 72358, 261730, 379873, 360309, 547151, 838211, 73070,831238, 983128, 742220, 78295, 530760, 528

665, 246369,833108,403106,566175,577263,301

1, 382, 737128, 516715,91466,811211, 599467,250

1,881, 2863,463,100226, 755

13118, 521

1,346,0821, 789,155

267,766

94,25283,08966,60061, 087261,961

1, 600,478334,877418,409484, 242134, 25327,066118,458363,072

132,075

168,61541,670224,807

2,117,023114,816

1,012,664

167,101336,354215,544

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars5,502

18,86614,04361,62954,6529,470

19, 77-10, 77413,8207,6089,113

23, 2006,825

51,554

49,00353, 70515,2923,43635,21385,255147,47123,000107,5423,53020,96154,72050,62636,21216,69945,91422,69492,750145,001

26,350

18,41138,52811,4178,10726,451119,35281,45679,26456,36135,10020,32925,71318,4062,32441,741

39,6468,97216,600

266,21921,319178,350

7,47033,51439,698

Conservators'distributions

Bookvalue ofassets

returnedto share-holders'agents

To se-cured

creditors

Dollars Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

5,8282,480

14,132

~~4,~ 623

4, 451

25,876

3,108

7,23177,314

48,243

47,88412,146

8,800560

70,069

3,0134,0523,879

29,89828, 73994,995

12,231

12,383

3,975

2,361

18,9955,908

On un-securedclaims

Dollars172,527330,87315,965

232,419316, 714328, 7968,871

223, 91724,437126, 54983,870820,901496,115117,852

175, 272423, 74476,31586,06948,292145,646928,12762,935

179,74881,607302,423

1,006,4231,362,318

88,73546,27033,199252,860680,015

76,647

25,38056, 505288,893797,94852,85038,420

51,81144,288122, 306234,615102,03810, 622

71,10774,06033, 501905,94813,407

776,361

61,14184,84094,313

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 366: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tectionof assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars60,965

249,04525,72163,830

425,123131, 34869,11671, 21814,32461,88738,44350,75121,148320, 551

76, 323351, 33730,29442,806

127,55833,174760,38172,87258,00348,81387,473

209,9421,054,489

558,79285,324

Dollars1,696

24,850262

4,4735,819

3731,186

9838

2,1207,8381,843

Dollars

510

2,20228,986

6381,0542,359

28,61436,642

874

211378

15,6708,0188,53^

3,344534,633864,471

4,745

58,963

36,658107,394

51,76423,47491,540

627,272245,177250,944318,62031,24450,41139,17251,85217,11090,278

49,98870,70465,189

966,45813,008

714,531

89,90797,280

145,853

3,42947

1722,1623,896

546

16,21648

1,161325

807

8447,630

62115,55:

3,44:4,6032,484

Dollars23,96030,9978,91732,36346, 26935,03211,44523,9795,82420,47313,68026, 22515,00521,903

25,08840,83515,92116,55721,49124,463

9,5606,35714,01720,48851,650101,085104,09423,8ir5,8154,46257,945161,698

1,371

15,3801,98811,3979,38819,44275,11223,43727,30326,76317,5107,10313,97828,81611,18313,594

18,45513,88916,85578,3857,96091,201

22,73528,29121,732

Dollars4,461

11,6163,456

10,3402,525

28,380

Dollars

26,5521,2285,5729,82970,54233,34521, 256

3,03326,0111,6102,3762,7948,32936,3033,89613,2248,066918

6,75419,28521,8772,2262,6422,7193,42232,248

2,446

8,2866,3102,1155,6743,48364,61745,50328,27918,6442,7376,41316,52250,3075,6995,870

8,1361,534397

16,2952,9455,297

24,13611,74620,611

Dollars312,125657,82045,165801,100791,554521,159129,315344,492

286,367138, 677

1, 214, 698708, 646534, 652

714,313756, 660159,001154,124148,610364,131

1,852,586149,853498,800276,534214,588668,337

1,856,1583,915,621

333,323103,09545,945

1,313,5041,812,429

84,421

137,22057,88668,07883,096

479,2031,865,349

799,076715, 642593,719129,52868,814

157,296499,236170,076184,046

158,015123,439184,659

2,264,86969,739

1,463,892

138,500382,701345,059

555035294062.51065504460. 33367.57022

25564855.532.540504115.5653850543630.1674572.262037.5

83

567376859.542.510916406077.5476012

4560204022.553

5523.33327.5

15241525152615271528152915301531153215331534153515361538

1540154215431544154515461547154815491550155115521553155415551556155715581559

1560

156115621563156415651566156815691570157115721573157415751576

157715781579158015811582

158315841585

106093—35 - 2 4Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 367: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

158715881589159015911592159315941595159615971598159916001601

16021603160416051606160716081609161016111612161316141615

161616171618161916201621162216231624162516261627162816291630163116321633163416351636163716381639164016411642

164316441645

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

100,00025,000 July

200,000 _...(50,000 July

60,000 Aug300,000 A600,000

50,000 Aug.25,00025,000

Dollars368,964116,489

1,137,924173,154106, 554199,29084, 583403,964

5162,863,4611,992,425185,465220,97929, 721

2, 204,934

253, 28'127,903724, 599150,043393,110200,13583,470

1,108,437126,647216, 69928, 579113,647156,136341,035

88,27240,28671,44977, 720157, 308254,380191,93795,27589,448498,771370,269386,93396,930772,242

-do-

do..27,1931

do. 28,1931

25,000 July 30,19313,1931

ug. 6,1931...do

84,85149,461203,73348, 273147,99923,592

7,19318,1931

—Ido

151,362256,78694,942260,348

2,771,920

158,98043, 11171,213

Dollars282,934497,601

1,172,67658,977305, 217160, 236248,232637,07643, 822

4,086,7613, 243,080

73,161440,526110,460

2,895,098

407,484517,346

1, 272, 625203, 795611,026551, 111435,128

2,311,901160, 63461,43855,304440,793189, 675472,331

175,884108,327162,29370,244625,757585,245617,40078,510169, 754874,205562, 637370,051196,110

2,309,567

249,88753,006295,118257,611241,418181, 778

522,793246,153598,878

1,071,2117,232,142

303,49790, 963101,588

Footnotes at end of table, pp. 448 and 449.

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Page 368: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars13,23554,119

888,37046,967

139,68167, Oil

7,484102,81997,956

1,593,884468,707

29,354240,671

68,41881,831

23,34341, 766

412,83213,17350, 212

339,94161,92057,15788, 2453,000

39, 661173, 057

456,772

11,85955, 7246,748

33,3841,635

24,82070,96220, 01713,56718, 631

293,53345, 305

1,618105, 397

69, 72817, 63510,58625, 50138,07011,201

Dollars12,49361,80749, 58816,83292,78835,475

7,45437,483

149,208365,901164,62231,84410,86323,68833.177

6,01358,950

106,96126,33317,2168,2331,771

86, 5524,0708,912

8465,265

19,841258,159

62,80055,82414, 29567,86938,65018,10995, 6697,0755,16311,68125, 28055.17810,300

169, 0621,0613,571

17, 735104,62195, 22014, 98123,184

29, 57827,34629, 311

28,71817,28327,09210,638

29, 74963,65154, 5381,674

25, 914

112, 23716,88927, 776

Dollars100,00075,000500,00050,00050,00075,00025,000125,00070,000600,000525,00025,000100,00025,000500,000

50,00050,000200,00025,000100,000100,000100,000250, 00025,00025,00025, 000150,00050,000150, 000

50,00050,00025, 00025,00060,000150,000150, 00025,00025,00050,000200, 000100, 00030,000200,00075,00050,00025,00050,00050,000100, 00025,000200, 00050, 00025,00060, 000

300, 000600, 000

50,00025,00025.000

Dollar,111, 626805,016

3, 748, 558345,930694,240537,012372, 753

1,306,342361, 502

9,510,0076,393,834344,824

1, 013,039257, 287

5,715,040

740,127795,965

2,717, 017418,344

1,171,5641,199,420

3,814, 047404, 596315,049149, 390882, 762456, 541

1, 678, 297

388, 815310,161279, 785274, 217883, 350

1,032, 5541,125,968225, 877302, 932

1,453, 2881,451,719957, 467334, 958

3, 556, 26876,061458, 037148,0718,155

.554, 579252, 209200,000771, 639696,211903, 578

1, 648, 21410, 653,160

654,292203, 309254,888

Dollars411,480193, 235

1, 516,016170,693228,534152,381113,718533,161

8903,883,1452,420,007

150,385453,383

70,1642,705,974

227,505136,024971,804178,908399, 237295, 506260,243

1,141,194118,90468,46423, 680

147,%757150,392355,838

98, 750118, 203155, 86568, 593

339, 585322,709137, 234107, 515176,150792, 693349, 724388, 08196,139

1, 271, 765

128,69061,185262,045119,139139, 61649,636

261, 593188,911390, 701615, 746

249,29036,42576, 357

Dollars29,93446, 787349,76412, 25424,40453,3018,52691,67525,282

231, 648122,29421,77634,4115,250

282, 254

33,73529,588121, 29619,81550.13066,00837,19891,5211,84115,0236,05839.13121, 38839,144

27,88019, 32723,15316,88049,00071,32748,106

22, 53136,96397, 76390,279

33154, 34720,8422,327500

41, 83417, 5856,5684,092

27, 65824,98532,290

114,312

10,0421,488350

Dollars23,03929,323

119, 4805,1054,62713,39"13,56131,0501,417

284,914193, 70014,04111,3463,02757, 613

21,79131,40633,95117,71226,49416,2588,417

115,98018,1634,5613,1458,4459,31920, 724

6,7176,86112, 4775,""

28, 79325, 09322, 627

5,43777,12322, 29037,3097,62379,923

1059,1352,99021,114, 0236,49012. 201

24030, 22211,88930, 08057, 574355,022

34,1697,3074,571

Dollars

~~~25~I6o

Dollars40,19319, 626

135, 52118,91333,79718, 6788,226

53, 528

3,7003,800

62,900

13,100

54, 2004,900

2,200

7,600

15, 800

9,500

25,100

11,300

22,400

13, 300142,100

611,440485,341

11, 27645,120

6,922308, 539

17,428150,308198, 395

10, 49466, 62864, 51619, 582

258, 08411,95517, 879

1, " "14, 51813, 75856, 593

17,3809,301

13,15910, 58324,41976, 70627, 29915,41512, 79464, 20318, 79640, 528

1,588152, 207

1,05221, 6258,511

11, 6394,8037, 6274, 465

5. 000

16. 27332, 49732, 83141, 455273, 954

22,9124,374601

158715881589159015911592159315941595159615971598159916001601

16021603160416051606160716081609161016111612161316141615

161616171618161916201621162216231624162516261627162816291630163116321633163416351636163716381639164016411642

164316441645

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Page 369: Annual Report of the Comptroller of the Currency 1934

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

158715881589159015911592159315941595159615971598159916001601

1602160316041605160616071608160916101611161?,161316141615

161616171618161916201621162216?,31624162516261627162816291630163116321633163416351636163716381639164016411642

164316441645

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars504,646314,071

2,120,781206,965291,362237,757144,031709,414

27,5895,011,1473,225,042

201,278544, 26085,363

3,354,380

300,459410,226

1,325,446226,929555,589442, 288325,440

1, 660,979155,763105,92736, 776

209, 851194,857472, 299

158,327153,692204, 654101, 622441, 797511,635235, 266139,314216, 912970,982488, 573581,297105,681

1, 558,24221,999

173,07773,186

359,596155, 550160,30170,39460,328

335,746258,282485,902776, 558

5,885,069

316, 51354, 59481,879

Loss onassets com-poundedor soldunder

order ofcourt

Dollars62,435

199,198313,06323,779

168, 62643,41582,85528,320

653, 686346, 700

59,705171,361153,783264, 782

123,49214,539

145,86548,072

107,19680, 69284,54067,1882,762

15,4938,645

112,6772,186

242,341

1,1607,174

85,761

166,122187,61470,422

88,988415,370

59,669142, 598128, 80893,907

18,9279,080

62,26982,181

135,63822,772

182,79055,21693,870

326,2532,905,580

68,553

65,373

Book valueof remain-ing uncol-

lectedassets

Dollars163,518317,957

1,283,95882,545

213,283247,538142,954566,333290, 612

3,761,7362, 616, 786

98,458243,175

1,4181,935, 745

321,702445,094

1, 200,953155,870498,503658,706217,924

2,097,581245,975188, 21390,372

457,810240,205873,525

221, 525125,483

170,041293,224295, 525741,01377,947

131,022823,530286,26078,423

1,838,3899

238,79544,295

202,202142,545171,698150,336

260,983394,587326,176364,760

1,873,945

263, 537137, 51087,557

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars70,06628,213

150,23637,74625, 59621,69916,47433,32544,718

368,352402, 706

3,22465, 58919,750

217, 746

16, 26520,41278,704

5,18549,87033,99262,802

158,47923,1599,977

18,942110,86928, 612

110,856

22,12030, 673

1,8478,120

11,00078,673

101,89425,0002,469

13,037102, 237

9,72129,669

145, 65354,15847, 67324,500

8,16632,41593,43220,908

139,91222,342

1527,710

251,517485,688

39,95823,51224,650

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

23,402

20,895

2,760

83,588

7,536

31, 25912, 361

5,001

3,86212, 665

26, 698

7,324

51, 389

25,431

13,781

500

4,96551, 789

1,91421, 243

3,065

On un-securedclaims

Dollars269,965188,816

1, 366, 52618,07746,117

143,55239, 683

511, 250

3,694, 5031,450,324

159,738155,431

1,318,209

198,542177,808653,301167, 628348,236104,05093, 797

1,003, 22822, 23517,46110, 74134,126

116,92975,048

72, 56986, 700

121, 61451,123

266,985295, 598141,48731,025

173,714820,790112, 442463,953

346,10816, 79033,83333,181

287,90697, 729

3,6005,062

249, 589127,341297, 718584,673

4, 551, 727

236,0386,848

Footnotes at end of table, pp. 448 and 449.

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Page 370: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tectionof assets

Dollars172,92294,878

457,842168, 337174, 61157, 42663, 566

1,451799, 558

1, 557, 63329, 689

258,80665, 245

1, 787,016

62,440169, 596573,112

36, 262150, 216256,584162, 816494, 549100, 74455,12710,008

127, 03938, 348

280, 576

70, 77,16, 05348,87935, 543

131, 643165, 72439,04492,14326, 530

115, 799268,712

70, 26294,19'

544, 0841,052

104,81426,13340, 30939, 235

122,14547, 615

61,17374,885

128, 035118, 573

1,026,434

27, 28529,01876,024

Conser-vators'

ex-penses

Dollars16,9142,514

65,07221031

7991,5294,400

59,02910, 503

931964

14, 581

1,85821, 7466,2241,220

13, 425499

11,45:42, 97J8,087

685295

5,3062,556

907747

90010, 79212,1436,992289

139,97514, 516

6533, 340

508181

4,031461968683

4963,1808,3057,761

77, 373

2,5084,44'

i:

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars29,82224,421

15,04621,07416,13314, 58142,239

1,578246,903189,558

9,59836,05115,374

113, 408

27, 27229, 31265, 29918,19142,03124, 41329,69794, 67818,16114, 3917,328

19, 24616,80142, 334

13,05110, 53311,0579,447

25,88134, 62333,41313, 27416, 66829,17"34,88830, 2049,43875,1302,227

17, 4799,840

25, 50317, 24320, 50712,0063,40916,44123, 02746,94859,918

207, 488

25, 5136,6934,968

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Dollar.15,0233,442

144,4425,295

26,12719, 84724,67252, 6023,665

2*1,15414,2641,3229,4204,744

121,166

10, 3474,22827, 5103,6281,681

25,48315, 31725, 5511,53514,9644,15216,48017, 47345,08'

1,02539, 65923,1044,6096,4963,54:7,0062,583

5,2031 1 , :2,3621,

534,1491,9302,6623,8511,84"382

16,6811,525

686,1338,6064,8965,63322, 047

25,1694,526

87.

Dollars

Amountof claimsproved

Dollars348,919418,355

1,953,94172, 691695,340287,105238,078866, 52654,987

3, 624,270218,824690,753139,323

2, 582., 140

567, 438516,138

1, 507,862304, 643771, 413711,391312,4fr

2, 509,062256,937174, 61189, 503467,928284, 555902,095

190,970134, 574162, 236119, 664578, 514517, 984738, 27573,032

212, 5121, 203,139883, 442610,114234, 896

2, 295, 43589, 548

284, 24563,809394,874227,289292,864174,83750,449482,387488, 772576,082835, 247

7, 708, 676

429, 683115,729105, 651

Divi-dends(per-cent)

77457025105016.667593855407335

51

3535425545163040101016104110

3864.5754346562042.581.716818

1518.75165272.543

5100522951. 6677059

558. 3333

interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

July 21,1934

15871588158915901591159215931594159.5159615971598159916001601

16021603160416051606160716081609161016111612161316141615

161616171618161916201621162216231624162516261627162816291630163116321633163416351636163716381639164016411642

164316441645

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Page 371: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

1646164716481649

165016511652165316541655165616571658165916601661166216631664

166516661667166816691670167116721673167416751676167716781679168016811682

1683

1684

168516861687

1690

16911692

1695169616971698169917001701

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

Dollars25,00025,000

100,000100,000

Aug. 8,193:do

Aug. 10,193do

500,000 Aug. 11,193:50,000 Aug. 12,193:

do. . . . doAug. 14,193:Aug. 15,193:Aug. 17,193:Aug. 18,193:

doAug. 20,193:Aug. 22,193:Aug. 24,193:

dodo

50,00025,00025,00040,00025,00025,000

1,000,00025,00050,00025,000200,00050,000200,000 Aug. 26,1931

— _doSept. 1,193

000 Sept. 3,193do

25,00050,00025,35,00030,000 Sept.

1,000,00050,000 Sept45,000

4,193...do

. 8,193:

50,000 Sept. 10,1931150,000 do50,000 Sept. 11,1931

do>, 000 Sept. 12,1931

25,000 Sept. 14,1931Sept. 16,1931

do40,000 Sept. 18,1931

200,000 Sept. 19,1931

25,000

3,000,000

40,00025,00025,000

....do

lept. 21,1931

Sept. 23,1931_do-_

100,00050,""200,000

do..Sept. 24,1931

000 Sept. 28,1931"" —.do

30,00035,00025,000200,00040,000 O.200,00040,00025,00025,00075,000150,000 Oct.

.do._do.

_..do_._do'Ct. 1,1931

do.do

—do...do

5,1931

Dollars65,80262,693

280, 62C1, 567, 36'

Dollars183,400129,704382,258

1,636,~"

263,79£150,97'37,87£38,61C4,00S43,17038,412

6,174, 95335, 546222,09294, 586

1,103, 27837, 679780,346

48,60528,303127, 698169,230187, 294

5,084,16545.01033,30032,859

482, 37790,78'128,368109, 670113,279415, 74170, 727146,923771, 281

40,122

26, 708,938

277,90262, 52041, 745223, 73161, 570412,844

64.01140,789407,802854,919125,390165,41277, 59667, 75617, 298118,788

1,380,408

256,619248,967157,068111, 18J

701235,996113,810

2,236,90426,736392,852182,607

1, 730,60262,938

1,765,166

149,136100,65834,70291,055191,791

3, 787, 21167, 57047,379

286, 687761, 960146,465333,352147,632256,166

1,182,11877, 059118,546

1, 538,101

128, 527

28,298,687235, 36852,301239, 375

1,146,953217,434

1,856,440

114,19595, 625103,157

3, 513, 332204,154385,314103,07347,54897, 510234,045

1,854, 363

Footnotes at end of table, pp.448 and 449.

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Page 372: Annual Report of the Comptroller of the Currency 1934

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,

BookT7CtlllO f\fVaiUc OIassets atdate offailure,

estimatedworthless

Dollars11,9354,569

13,417134,899

17,60227,7804,7323,797

51,1523,8606,121

525,46449, 23241, 72230,474

238,16652, 50834,299

1,78441.70426, 203

135, 03717,017

835,72356, 41734,109

1,425269,626

9,71017, 68722,4566,748

404,8602,3103,587

58,438

17,916

2,555,540

46, 28822,1368,447

24,1068,695

1,219,425

17,01854,66839,67548,08250,106

193,443157, 62110,63010,99347,41954,301

Addi-tionalassets

receivedsince dateof failure

Dollars3,469

10,88663,76641,287

7,73318, 25044, 54021, 769

11, 37329, 50897,76819, 71972, 71456,404

147, 53916,12833,955

9,0355,479

11,02028, 5703,791

127, 20339, 41050, 61016, 395

49323,9063,4644,239

11,167139,213

4,81716,5786,081

9,580

1,481,044

44,96713,40618,1592,8742,210

193,615

48,3634,191

21,35347,62060,00846,09023, 2247,8562,599

979234,142

Totalassess-mentuponshare-holders

Dollars25,00025,000

100,000100,000

500,00050,00050,00025, 00025.00030,00025, 00025,000

1,000,00025,00050,00025,000

200,00050,000

200,000

25,00050,00025,00035,00030,000

1,000,00050,00045,00050,000

150,00050,00050,00040,00025, 000

125,00030,00040,000

200,000

25,000

3,000,000

40,00025,00025,000

100,00050,000

200,000

30,00035,00025,000

200,00040,000

200,00040,00025,00025,00075,000

150,000

Total assetsand stock

assessment

Dollars289,606232. 852840,061

3,479,811

500,000595,752495,974269, 215200, 35785,862

319, 399212,851

10,035,089156, 233779,380389,071

3,419, 585219, 253

2,813,766

233,560226,144224, 623458,892429,893

10, 834, 302258, 407210,398387, 366

1, 664,456320,868532,871323,997412, 360

2,266,932184,913325,634

2, 573,901

221,145

62,044,209

644,525175,363332,726

1,497,664339,909

3,882,324

273,587230, 273596,987

4,663,953479,658990,259401,514158,790153,400476,231

3,673,214

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars36,66541, 540

358,9801,920, 675

258,332221.84540,19769,6622,138

125,05962,091

5,478,80662,460

330, 22383,387

1,088,95667,598

1, 657,979

57,38085,70679,36984, 420

205,3854,416,479

68, 46835, 529

124,860632,89492,412

178,339140, 346241,878569,201105, 704121, 710

1,492,757

109,537

38,187,896

401,55587,163

137,315519,895160,626

1,208,180

63,91387, 357

230,9882,335,813

139,333223,31,7145,86954,29740,38586, 254

1,344,507

Cash col-lections

fromstockassess-ment

Dollars50

2,91118,40577,340

230 78031,87313,10415, 2054,634

20,99711,1193,208

490,32914,87237, 3503,149

141,48613,31056,020

9,39511,9913,5399,969

20,433230, 73717,97528,34625,568

117,9286,365

27, 79618, 5035,079

33,3456,3058,035

149,507

10,249

2,599,746

18,40018,31220,94428,15840,814

134,811

3,3393 270

17,555160,85922,71736,26118,05717,35110, 53015,423

114,491

Receiver-hip earn-ngs, cash

collec-ions frominterest,premi-

ums, rent,etc.

Dollars4,5948,062

19,676156,473

2,44014,8405,9795,7733,172

6975,7104,837

294,8462,884

30,1264,463

90,7682,426

47,940

11,2497,3385,4325,662

15,948259,463

2,9302,948

15, 65342, 28717,36912, 7854,588

16, 67439,6724 10?4,343

36, 699

8,336

1,033,705

38,4044,484

15,76154,4055,238

134,105

6,2003,175

10,249180,16610,84715,3685,0472,8382,645

12,8986,470

UnpaidbalanceR. F. C.

loan

Dollars14,5007,5001,000

24,200

7,100

1,300

3,300

24,050366, 600

3,70021, 300

225,300

8,70070, 7005,700

23, 300

36,300

7,10027,800

118,500

5,500

4,80092, 30010,700

2,2002,2007,000

53,200

Offsetsallowed

andsettled

Dollars7,1883,086

40, 350240, 620

21,4764,4743,6235,8721.9507,5218,171

704,6763,676

16, 52423,935

150,9404,032

120,007

31,5116,790

19,04127,64723,178

1,089,9106,3924,4389,620

57, 2901,156

38,46015, 3699,734

91,9957,763

17] 17864,466

4,421

3,560,587

20, 39710,84835,43060,6465,855

193,046

4,2104,750

27,944364, 281

14,16248,67212, 2288,6854,3502,652

143,085

1646164716481649

165016511652165316541655165616571658165916601661166216631664

166516661667166816691670167116721673167416751676167716781679168016811682

1683

1684

168516861687168816891690

16911692169316941695169616971698169917001701

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

Page 373: Annual Report of the Comptroller of the Currency 1934

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

1646164716481649

165016511652165316541655165616571658165916601661166216631664

166516661667166816691670167116721673167416751676167716781679168016811682

1683

1684

168516861687168816891690

16911692169316941695169616971698169917001701

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars62,99763,099

438,4112,395,108

233,220350,721245,402

71,89883,34025,782

149,40979,607

6,968,65787,192

414,223138,984

1,838,75087,366

1,881,946

109,535111,825107,381131,398286,244

6,221,88995,76571,261

184,401921,099123,002280,680178,806273,365770, 513123, 874151, 266

1, 743,429

132.543

45, 381,934

478, 756120,807216, 550690,904212, 533

1,788,642

83,16298, 552

291, 5363,133,419

197. 759323, 618181, 20185,37160,110

124.2201, 741,753

Loss onassets com-poundedor soldunder

order ofcourt

Dollars

4,43912,166

647,641

8,893204,888

515

104,49637,105

277,3715,283

68,8034,280

300,2374,070

577,054

10,71020,290

2258,186

49,78251,64259,18034,61430,92742,2217,7388,5646,206

82,016225.188

41, 44652, 272

459,480

33,129

2, 501, 046

121,98817,32057,363

315,714123,428258,589

2,8919,2141,685

515, 35611,764

148,81213,1092,946

13,36570, 633

565,863

Book valueof remain-ing uncol-

lectedassets

Dollars220,753158,787328,565570,875

257,05114,767

200,39599,308

57,32380,484

2,574,23659,814

313,830252,469

1,679,45293,553

258,726

108,95363,358

100,988303,639121,548

4,276,27174,36790,817

171,959782,051169,562257,508122,07653,732

1, 255,548

94, 474357,198

49,058

14,794, 680

60, 58535,03277, 618

501,409

2,022,509

172. 57393,952

311,3701, 248, 503

274, 399369, 458190, 30867, 86270,300

241. 6921.469, 759

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars24,95022,08981,59522,660

269,22018,12736,8969,795

20,3669,003

13,88121,792

509,67110,12812,65021,85158,51436,690

143,980

15,60538,00921,46125,0319,567

769,26332,02516,65424,43232,07243,63522,20421,49719,92191,65523,69531,96550,493

14,751

400,254

21,6006,6884,056

71,8429,186

65,189

26,66131,7307,445

39,14117, 283

163,73921,9437,649

14,47059,57735,509

Bookvalue ofassets

returnedto share-holders'agents

Dollars

51,774

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars3,6323,637

171,327

1,5766,1414,058

15,754

1,88330,000

7,37928.666

5,2929,6386,6196,119

279,930

67,31914,97212,1076,149

76,528

3,998

813,402,705

64. 3176,153

4,0973,215

47

10,134

12,503

On un-securedclaims

Dollars17,03811,75698,822

1,737,228

211,753264,174

10,75721,2497,463

120,41038,330

3,803,46923,482

201,96149,776

1,387,76759,472

1,293,852

7,54025,15121,76614,371

192,6662,404,998

47,48937,061

112,094435,988

13,98095,91323,243

152,001256,38426,456

101, 2281,160,074

47,751

8 5,374,297

393,91558,134

138,595241, 63139,460

909,541

14,9381,633

206,0512,014,034

104,974136,20927,95353,83632,91820,235

1,010,755

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 374: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tection

of assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars32,38535, 562

141, 535518, 316

Dollars568643

1,28614,386

Dollars

55,406210, 35332,07237, 635

1,9507, ' "

20, 6062,003,152

33, 412125, 53165,092

364,18514, 583

473, 567

70, 71954,86059,48689, 39075, 243

3,132, 22724, 91315,94252, 314

363, 70778, 600

145, 206123,15196,123

362, 71685, 66030, 355

496,094

63,820

24, 730,933

60,33835,98335, 502

381, 82897,444

704, 000

47, 01179,15753,048

995,06574,817

128, 722110,322

15, 91512, 77774, 732

636,692

710168,912

11621,2168,2477,016

4,261

1,779

1,262638205

200, 269477

3,7697,258

7746,1334,591

1,8921, 5613,879

865

503

248, 652

14423,406

38

50,822

1,110123

5,11818,680

2284,6591,766

Dollars8,3747,642

19, 55463,655

17, 42318,44617,04710,99317, 5592,647

Dollars1,0003,8595,887

61, 523

4,0444,527

Dollars

1,38016, 530

11, 50615, 682

238, 20810, 43326, 27515,41167, 45010, 03049, 930

15, 75214, 24512,90318,06412, 822176,82012, 72911, 38313, 88640, 49713, 28317,12018, 22617, 64764,11810,19712,51045,183

10, 481

535,328 1,

18,13511,65214,50757,14911,312

9,8272,396

724,91612, 37010, 574

45812, 3323,281

60, 336

8,4537. f""5, 3452,816

27, 64510,1576,875

6,3301,3934,2013,4467,5948,875

3,29441,213

5,990

, 090,019

6, 22415,0384,54010, 258

4,008124913

105, 722

13, 6029,43123,16690,83813,89839,53215,80910,2698,71315,01683,208

12,404

2,4044,9934,15314,7553,84214,49615,2175,3511,6941,610

10,185

5,431

Dollars206,777148,905403,126

2, 584, 560

504,174405, 386168, 249145,197114, 72117, 299

218,954123, 514

6, 388,67048. 543444, 805206,872

2, 307, 51499,099

1, 797,017

126,98044, 82096, 049276, 860283, 335

5,132, 29591,40652, 664257, 262878, 352115, 739271, 819101,129253, 629

1, 637,58634,029184,052

1, 657,736

86, 587

26,558,161

498, 62966,564210,878833,20876, 646

2,397,441

120,78591,101454,771

3,073,887269,165449,507204,11581,25482,302277,434

2,101, 894

10106767

42657181010055316057.545.524606072

10572576846.527043.5022.3523602077.5570

55

8 70

2. 64 Dec. 19,1933

56

7987.562.52964.1438

1554565.5393015654011.5

Aug. 20,1934

Apr. 30,1934

1646164716481649

165016511652165316541655165616571658165916601661166216631664

166516661667

1670167116721673167416751676167716781679168016811682

1683

1684

168516861687168816891690

16911692169316941695169616971698169917001701

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

Page 375: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

1702170417051707170817091711171217141715171717181720

17211722

172317241725172617271728172917301731173217331734173517361737

173817391740174117421743174417461747174817491750175217531754175517561757

1758176017611762176317641765176617671769

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

Dollars100,00050,00030,00050,000

125,00050,000

200,000100,00050,000

400,00060,000 Oct.50,000.

125,000 Oct.

Oct.

Oct.

Oct.

5,1931dododo

6,1931.do.do.do

7,1931do

8,1931.do

10,1931

50,000 . . . . d o500,000 Oct. 12,1931

25,000150,000100,00050,00050,000

200,00040,00030, 00025,00050, 000

100,000

do

"do."dodo

Oct. 13,1931dodododo

25,000125,00050,00050, 000

150,00050, 00060, 000

100,00050,00025,00025,00040, 00050,00025,00030,000

200, 00075,000 Oct25, 000

150, 00040,000100,00075,000

Oct. 15,1931

dododododododo

Oct. 16,1931do

_do_.do.do. 19,1931.dodo

Oct. 20,1931

25,00050, 00025,00035, 00050,00025, 00050, 00050,000150,000 Oct,50,000

doOct. 22,193

.do.do.—_do_do.do.do23,193:

-do

Dollars214,863259,877448,331112,495901,33921,156355,42519,377

109,408681, 534491,297184,459246,925

109,7291,643,368

117,759181,596363,120225,843393,899695,15139,990130,65632,926305,310235,41641,701501,824214,624183,383

300,474141, 00780, 927338,228152, 08335,58929,261118, 28744,52131,77564,813233, 221299,037153,154139,841364,944412, 705330,455

89,066110,553

148, 73918,89132,20555, 78444,266

697, 62649,831

Dollars1,073,344433,287273,591485,300674,316161,838835,070229,844144,665

2,473,162276, 572336,931

1,323,307

302,4909,086,179

117,9081,478,014825,474440,005394, 744

1,668,"'356, 722204,09653, 520167,160523,895108,977968,645124,911339,831

567, 702390,530150,380411,52498,07790,66159,45965, 243195, 21"226.011180,461

1,399,639932,630196,448380,416254,077

1, 633, 721792,814

29,850147.012118,21395, 585177,763121, 017821,906209,489

1, 610,456306,432

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 376: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars249,08937,72417,940

915,42398, 235

182, 284202, 21757,116

352,11323, 9319,218

313, 354

12, 235304, 072

13,535145,306

17, 0144,404

42,0288,330

19,98521, 2237,435

32, 36420, 62431,77698,42635, 26959,943

155, 5099,450

64, 96946, 39716, 66923, 27117, 9988,609

97,8721,377

46,172441, 558158, 274

61, 663139,898

8,88591,419

126, 618

4,758142,86228,19746, 78635,169

1,69231, 012

6,615124, 33363, 737

Addi-tionalassets

receivedsince dateof failure

Dollars223,523

9,336644

38,335156,52256,44818, 79266, 35726,803

107,42360,81115,42685,220

339415,565

35,480146,12766,77824, 494

2,46039,916

6,2193,8223,996

117, 272105,49511,133

104, 93472, 20717,801

259, 50510,83574, 843

103,7128,943

33, 36430,02949, 285

7,44412,9405,432

19,14333,81797,84828,88626, 83423,447

3,125

18787,1448,6739,968

14, 370585

49, 973138, 590110, 383

12, 668

Totalassess-mentuponshare-holders

Dollars100,00050,00030,00050,000

125,00050,000

200,000100,00050,000

400,00060, 00050,000

125,000

50,000500,000

25,000150,000100,00050,00050,000

200,00040,00030,00025,00050,000

100,00025,000

125,00050,00050,000

150,00050,00060,000

100,00050,00025,00025,00040,00050,00025,00030,000

200,00075,00025,000

150,00040,000

100,00075,000

25,00050,00025,00035,00050,00025,00050,00050,000

150,00050,000

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceE. F. C.

loan

Offsetsallowed

andsettled

Dollars1,860,819

790, 224770, 506686,139

1, 872, 600387,677

1, 591,571617, 795387,992

4,014, 232912, 611596,034

2,093,806

474, 79311,949,184

309,6822,101,0431, 372,386

744, 746883,131

2,612,381462,916389, 797122, 877672,106985,430218, 587

1, 798,829497, 011650,958

1, 433,190601,822431,119999,861325, 772207, 885161, 747281,424395, 052297,103326,878

2, 293, 5611,498, 758534,113839,041694, 740

2, 261, 2921, 328, 012

148, 861537, 571213, 078336,078296,193180,""

1,008, 675

2,692, 798

Dollars440,205386,601473,821275,679801,379113,705452,74277,263161,997

1,337, 645446, 361171, 642836,376

154, 2275,101,930

178,028549,096637,105258, 777224,314

1,168,93,0195, 224214,06852, 711

248, 300299, 51934,849624, 689196, 363187, 787

379, 663327,97i120,472323,55091,45579,19839, 79894,99172, 333149,87194, 200911,838272,139146, 683137, 656214, 601

1,143,148691,137

59, 756126,03443,986120, 38887,04150, 238474,205149,427

1, 297,847267,684

Dollars

31,52329,90047.13598,42829,05248,38124,33420.136134,08724,12528, 64774,135

31, 464260, 595

20, 200123,92362,68335, 28531,99789,06334,42028, 5007,63512,01262, 6529,82491,40929,55011, 348

25,97334,05742, 6153, 20725, 3095,08011,53817, 34319,10013,17, 73966, 32922, 51313, 40534,05011, 60090,0957,474

6,77622,0544,00019,8983,2163,50030,85434, 20183, 3035,695

Dollar,51,989

Dollars

26,73938,78832, 56043,067

7,17630, 2692,223

10, 415104,865

15, 55428,07843,271

11,884359,128

9,64460,67336, 62416,17710,14860,49115,91416,1483,1759,833

19, 4185,611

58,07711, 46816, 35!

20,28120, 13J9,600

19, 4754,0266,0102,4465,1735,713

14, 7457,536

53,98222, 94510,4886,530

11,30385,20852, 974

2,59910,2413,7007,0503,1031,934

27,8457,278

88,23511, 605

6,60090, 600

37,80031, 500

555,600

84,60043,90011,000

23,800600

110,40013,100

65,900

14, 300

1,2004,700

2,6009,400

11,000

14,000

15,150

12,600

55,000

Dollars89,09240,18412, 3987,94161,37313, 586108,6127,59113,485158,88841, 05534,03693,922

8,120475,85̂

11,00781, 61147,72927,87743,958239,62914,4398,0335,491

27, 25720,3041,70479,96913, 58118,054

53, 29420, 2629,36724,09913, 78225,9507,8577,4805,7344,65915,195135,89239, 56752, 57511, 78825,82678, 34250,158

6,19216, 9733,52933,4247,6778,04283,93514,33595, 75912, 784

1702170417051707170817091711171217141715171717181720

17211722

172317241725172617271728172917301731173217331734173517361737

173817391740174117421743174417461747174817491750175217531754175517561757

1758176017611762176317641765176617671769

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Page 377: Annual Report of the Comptroller of the Currency 1934

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

1702170417051707170817091711171217141715171717181720

17211722

172317241725172617271728172917301731173217331734173517361737

173817391740174117421743174417461747174817491750175217531754175517561757

1758176017611762176317641765176617671769

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars581,286485.047554, 907363, 315

1,004, 247170,119730, 604111,411206, 033

1,735, 485527, 095300,203

1,079,204

205,6956, 753,110

218, 879899,903828,041349,116310,417

1, 558,113283, 797267,349

69, 012297,402401, 893

51,988964, 544264,062233, 541

545,111402,429182, 056420, 331134,572130,538

61, 639126,187107,580182, 965134,670

1,170, 641366, 564234,151190,024277, 330

1,396,793801, 743

75,323190,452

55, 215180,760101,037

63, 714629,439205, 241

1,620,144297, 768

Loss onassets com-poundedor soldunder

order ofcourt

Dollars286,341135, 447213,138233 138123, 56374, 01635, 77013 92329, 791

223, 321147,69844, 369

108,983

136,175674,184

31,016154, 222220,14540,27922,385

434,16365,94536,834

2,0819,239

11,5578 410

155, 45521, 25230,833

165, 617148, 851

41, 52673, 5194,478

2,86431,67966,4985,486

191,52616,39237, 54242,499

6,102750,404223, 097

31,39032,47112,976

108, 29630,547

529,83229,101

Book valueof remain-ing uncol-

lectedassets

Dollars945,181177,99241.149

119,381761, 285136,370794,447419, 018132, 719

1,894, 378217,497295,987929,525

126,2715,197, 213

64, 6311,166,114

367,407367,813542,474569,659147, 308100, 862

37, 594337,310554,050148, 624813,716215,815364, 284

684,61654, 734

199, 754478, 693166,057

77, 73789,092

136, 089235,306

51,075181,997854, 305

1,095,660272, 313497,098408, 211189, 398288, 620

57, 913344, 564140, 563115, 876119, 00484, 243

292, 239204,651619,360123,099

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars100,000

18,477100

2,86526. 57220,948

151,61975, 66629,864

265,91335,87521,35350,865

18, 536239,405

4,80026, 07737, 31714,71518,003

110,9375,5801,500

17, 36537,98837, 34815,17633, 59120,45038,652

124,02715, 94317, 38346, 79324,69119,92013,46222,65730,90011,31012,261

133, 67152,48711,595

115,95028,4009,905

67, 526

18,22427, 94621,00015,10246, 78421, 50019,14615,79966,69744, 305

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars12,080

3657,855

9,779

51,177» 2,616

48,123

336,069

22, 770969

7,67723,43156, 360

1,054641

39,395

8,781

2,485

7,552

111, 55211, 682

16, 207

2, 254

12,340

3,233

On un-securedclaims

Dollars307,747267,261455,610294.744478, 559

37,172383,995

125,358530, 809

» 236,534141,002480,253

81, 5901, 719, 741

172, 033650,408505. 093271,76890, 580

688, 353194.492225,822

19,17317,047

117,263

674,213115,122157,959

120,6799 297,915

94,335220,923

75,70634,87838,33951,34718,225

108,81170, 565

246,09362,227

149, 61516,927

176,5708 1,035,192

594,453

38, 266136 432

43,11249,42229,414

180,265114,781

1 108,01049,083

Footnotes at end of table, pp. 448 and 449.

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Page 378: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars167,231180,706

48, 7787,941

368,18695, 707

307, 80671,05723, 890

892,455251,179131,594480, 553

96, 6944,334,158

21,290182, 552261,46649,638

134,958756,052

63, 27118,06930,408

216, 738149,39235,454

231,436126,39337,883

319,54553, 54645,497

153,96929,78057,940

7 92459, 52557,12154,73740,515

711,183222,19762 636

115,88572 060

145,048161,216

17,60834,03646,336

107,57732,72919,889

403,99148,308

296,054210,097

Cash ad-vancedin pro-tection

of assets

Dollars71

663

28, 6972

450158

20,50158, 2532,810

32816, 337

6716,628

350888

11,2191,123

2081,9441, 5811,479

63100

30,220123

2,56024

768

7 973568

3,1892,172

116227133

1,3922,085

2383,081

9413,354

975826

1 613881

1,732

4805

1,537

7,5274,6181,048

32

Conser-vators'

ex-penses

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars36,12323,67919,64215, 70645,79225, 72832, 73320, 84927,35686,04725,00722,86350, 533

12,018199,226

17,93454, 54037,70223,04124, 97362, 94821,17117,139

7,81722 89923,1069,920

43,62018, 37922,592

41,90618,85120,31728,37610, 57610,380

9 18311,01818,74315,27218,35181 41560,03319 55319,13923 01636,86829,948

11,68017,2167,501

15,01112,5038,885

36,03215,07245, 57619,602

Cash inhands

of comp-trollerand re-ceivers

Dollars58,03412,37323,02244, 92483,013

1,7315,620

19, 3478,928

116, 7448,9494,4163,405

15, 326147,288

7,27211,51512, 5613,546

36.92847,847

3,2824,8403,874

17,18725,552

6,49112,7153,090

13,698

15 61331,5499,937

14,89118,39424, 6286 0602,9053,8543,9072,158

19,4577,0711 372

21,0404 071

178,80414,394

5,5111,9631,3781,1836,3835,5261,624

19,229169,45618,954

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars1,081,362

482,680623,191467,848977,588170,407815,784287,355227,906

2, 279,182473,076283,934

1,199,903

251, 3765, 603,725

184, 3341, 251, 682

814, 663543,764679,659

1, 250,570309,038275,73229,473

449,392547,788140,669

1,120,350199,966453, 827

367, 248425, 592174, 696491, 245157,72887,19769,70993,363

263,113181,352217,122

1,105,2251,027,070

313,878428, 209489,485

1,725, 324974,488

69,584305, 285111, 135142,664145,172108,940398, 840163,798

1,848,969139,405

Divi-dends(per-cent)

29.5557563493047

5528.5

9 505040

32.535

93.3352625016. 6675562.580. 833651030

605835

339 70

544548405555106032.529.1667

747. 667

7.536

8 6061

5544

32342745706035

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

1702170417051707170817091711171217141715171717181720

17211722

172317241725172617271728172917301731173217331734173517361737

173817391740174117421743174417461747174817491750175217531754175517561757

1758176017611762176317641765176617671769

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Page 379: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

1770177117721773177417751776177717781779178017821783178417851786178717881789

17901792179317941795179617971798179918001801

18031804180518061807180818091810

18111812181318141815181818191820182118221823

18241825182618271828183018311832

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

Haute, Ind.

Dollars750,000 Oct. 23,1931

. ) - — d o), 000 Oct. 27,1931

_do._

350,000150,35,00025, 000

300,000do

Oct. 28,193160, 000 Oct. 29,1931

do50,00050,00050, 000 Oct

1, 000, 00077,000

_do29,1931

.do_ - d 0

50, 000 Oct. 30,1931. . . do. . .do .

175,000 Oct. 31,19312,193150, 000 Nov

25, 000.50, 000.

100, 000 Nov. 3,19313 Nov. 5,1931

100, 000 Nov. 6,1931_do._

—_do.__..do

300,00025, 00025, 000

100, 00025,000

160,000 do250, 000 Nov. 11,1931200,000 do

50,000100, 000200,000

,do .do

. . . do50, 000 Nov. 12,193125,000 Nov. 13,193125,000 Nov. 14,1931

do25, 000 Nov. 17,1931

25, 00025,00050,000

250, 000 No125, 000125,000100, 000200,000

. .do

. .dodo

iv. 30,1931do

. . . do

. . . do

. . . d o100,000 Dec. 2,1931

_._do. . . d o

40,000150,000

dododo

25,000 Dec. 3,1931do

25,00035,000

150,000

400,00025,000 Dec,60,00025,000

200,000

7,1931dododo

Dollars2, 547,4981,365, 523

97, 06961, 55459, 652

1,158, 925108, 023166,146255,294268, 285

6, 211,161211,991378, 363299, 924139, 501755,97881, 98919, 63660, 201

1, 091, 924108, 939811, 649643,95341, 68882, 56770, 718235,977228, 095

2,085, 361559,702

169,1701,152,054340,90550,972155,19942, 226259, 955105, 592

215,80613,55289,429

21, 528295,155566,18210, 296

306,11592,075515,890

136, 75156,56452, 545100,658703,990126,400102,802152,069350,561

Dollars4, 539,9621, 93i, 568226,48797, 823224, 379

4, 703, 737148,386263,140190, 072469,540

9, 581, 786313,432466, 220342, 669175, 206881,853314, 749121, 601287, 979

1,458, 758216, 359

1,050,3091, 216,192

184, 27234, 350193, 210397, 458

2, 260,0573,071,5761, 202,452

231,7751, 251, 590409, 614155, 436132, 249157,972389,13973,476

248, 539275,40992,491

127,1571,226,190528, 778123, 272614,447214,189

1,366,995

92,05575,929142, 645171, 208

2,816, 580968, 697878, 008349, 341

1,087,192

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 380: Annual Report of the Comptroller of the Currency 1934

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,

BookTTQIIIA f\f

V e i l LA" U lassets atdate offailure,

estimatedworthless

Dollars685,966413,876

76,05742, 699

247, 28326, 01553,393

111,3795. 081

784, 93077, 34833,85312, 71437, 574

117,316210,145

210, 077

135,806561

514,889207, 370

7,0846. 780

47, 613106. 834322, 035

81, 201201, 865

17, 881341, 712116,36238, 92017, 76719, 73336,07711,835

35, 92059, 94288, 421

296,18565, 426

272, 578131,61787,89417, 04145, 497

19. 62810, 661

228, 821103

482,14646, 23321, 82660,033

114, 453

Addi-tionalassets

receivedsince dateof failure

Dollars163,604233,993164,318

11,03053,909

893, 0286,5768,8256,3422,730

611,98219, 52920,045

2,718368

59, 6006,9055,202

34, 980

177, 8546,923

67, 42088,10211,17112, 32261, 4763,680

174, 96075, 34063,967

2,82553, 55650, 41423, 68814, 6043, 170

54, 8962,758

132, 1355,233

59, 338

115, 3351,229

170, 805202, 218242, 576

21, 78632,167

24, 0477,310

40, 635232

358, 269108, 21566, 44136, 00019, 309

Totalassess-mentuponshare-holders

Dollars750,000350,000150,00035,00025,000

300,00060,00050,00050,00050, 000

1,000, 00077,00050,00050,00025, 000

175,00050,00025,00050, 000

100,00025,000

100,000300, 000

25,00015. 000

100,00025, 000

160, 000250, 000200,000

50, 000100, 000200, 000

50, 00025, 00025, 00025, 00025, 000

25, 00025,00050,000

250, 000125, 000125, 000100, 000200,000100, 00040, 000

150,000

25,00035, 000

150.00025,000

400,00025, 00060,00025,000

200,000

Total assetsand stock

assessment

Dollars8,687,0304,294,960

713,931248,106362,940

7, 302, 973349,000541, 504613,087795,636

18,189, 859699, 300948,481708,025377, 649

1, 989, 747663,788171,439643, 237

2, 964, 342357, 782

2. 544, 2672, 455, 617

269, 215151,019473, 017768, 949

3,145,1475, 563, 4782, 227, 986

471, 6512, 898, 9121,117,295

319,016344, 819248, 101765, 067218, 661

657, 400379, 136379, 679250, 000685, 205

1,713,0001, 638, 343

667, 4031,351,032

385,0912, 110,549

297, 481185, 464614, 646297, 201

4, 760, 9851, 274, 5451,129,077

622, 4431,771,515

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars3,305,2801, 588,143

135,78958, 769

187, 3822, 524, 325

121,057313, 366178,545283, 979

9, 268,142309, 384321, 974370, 736120, 378842, 446151,10947,121

223, 235

1 416,030138,470892, 635927, 297

81, 92792,171

120, 967262. 882681, 707

2, 932, 794933, 462

96, 3521,216,930

352, 95873, 45589, 31076, 808

211,55779. 566

315,01890, 398

119,441

17,888651, 922423, 621

72, 779606,156124, 406797, 066

80, 67175, 937

101,187190, 653

1,601,813698,135701,196278, 769498,313

Cash col-lections

fromstockassess-ment

Dollars569,056246,152

12, 68717, 77821,805

166,82936,80343,88035, 22540, 285

706, 56470, 59740,17242, 22015, 771

117,19818, 4149,7194,751

30, 66612, 64937, 73849, 55715, 9987,449

23, 3635,093

46, 262121, 55453, 365

23, 05067, 59483, 22011,525

17, 00111,8097, 161

17, 80011,69419, 453

128, 22530,18565, 60355, 40397, 75724,21310, 27788,305

10, 70014, 50019, 49017, 768

255,78712, 95037,16013, 859

131,417

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars262,402115, 790

5,4373,191

13, 718151, 267

9,81724,99812,2086,884

490, 40340, 29325, 68334, 2386,949

56, 22712, 5682,9508,809

91,61415, 26537.18783, 72412,1693,613

12,91832, 37073,664

248, 80562, 817

18,255120, 431

12, 5948,3097,8143,658

K), 42111, 349

18, 4245, 3893, 7414,0116, 351

88, 58230, 98019, 56740, 620

6, 58974, 821

7,4239,2815, 679

16, 67272, 21730, 49738, 88027, 62849, 301

UnpaidbalanceR. F. C.

loan

Dollars409,100

9,4002,600

21, 30036,100

533, 000

51, 9005,9003,200

31, 300

9,500

19,60023, 300

48, 20016, 800

107,000

13, 000285, 800

4, 55017,7004, 700

8,500

2, 900113, 300

6,000

83, 0002,100

10, 300

Offsetsallowed

andsettled

Dollars643,874266, 204

29, 3264,500

10,487435, 344

8,21424, 24531, 36739, 468

1, 297.19916,98762, 76135, 9146,632

123,15919, 4533,011

19, 328

282, 0064,443

186, 52156, 72618.3855, 685

21,19024. 320

101. 305266, 940200,618

36, 862231, 67464, 3909,695

23, 9064,504

40,1586,418

57, 2705,5769, 757

11,81077, 67198, 935

44191, 29922,800

163, 559

11,1681,712

21,1563,287

558, 52129, 47511, 37918,22170,633

1770177117721773177417751776177717781779178017821783178417851786178717881789

17901792179317941795179617971798179918001801

18031804180518061807180818091810

18111812181318141815181818191820182118221823

182418251826182718281830183118321833

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

Page 381: Annual Report of the Comptroller of the Currency 1934

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

1770177117721773177417751776177717781779178017821783178417851786178717881789

17901792179317941795179617971798179918001801

18031804180518061807180818091810

18111812181318141815181818191820182118221823

182418251826182718281830183118321833

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars5,189,7122,216,289

192,63986,838

233,3923,277,765

175,891406,489278,645406, 716

12, 295, 308437, 261502,490489,008152, 930

1,139, 030232,844

62,801256,123

1,820,316180,327

1,154,4811,136, 904

151, 779108,918178, 438372, 865919, 738

3, 570,0931, 357, 262

187, 5191, 922,429

513,162107, 534138, 730106, 671273,945112, 994

408, 512113,057152, 392132, 23666, 234

883, 778608, 939190, 544762, 288166, 972

1, 237,051

115, 962101, 430147, 512228, 380

2, 571, 338773,157788, 615348, 777749, 664

Loss onassets com-poundedor soldunder

order ofcourt

Dollars521,427292,625

27,81914, 925

120,887738, 653

14,56991,16726,85837,144

446, 924148,64944, 24994,11829,158

174, 45440,64741, 737

184,827

79, 69567,646

299,863248,041

10, 79410,85714, 9161,750

208,073361,052228,750

80,915114, 93041,12610, 2525,794

18, 7139,7202,302

23, 70281,83613,823

291,009385,249

55,08164, 957

308,913

17, 97719, 65325,44364,855

266, 580233,24598,15196, 922

332,410

Book valueof remain-ing uncol-

lectedassets

Dollars3,466,4491,797,988

370,997134,91219,184

3,304,651145,16062,726

326,317385, 045

6,177, 594147,280469, 497157, 257196,481674, 688402,579

54, 570165,847

1,086, 611122, 223

1,065, 248923, 553133,109

215,944454,997

1,994,0621, 752,692

665,156

207, 5221, 235, 378

458,821175, 614200,809123, 076478, 632105, 375

236, 410176,326186, 658

530, 507567, 398630, 538394,183498,496132, 928691,011

162, 66553,162

316, 86013, 406

1, 934, 071288, 690258, 351203,531670,159

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars180,944103,848137 31317,2223,195

133,17123,197

6,12014,7759,715

293, 4366,4039,8287,7809,229

57,80231,58615,28145, 249

69,33412,35162,262

250,4439,0027,551

76, 63719,907

113,738128,446146, 635

26,95032,406

116,78038, 47525,000

7,99913,19117,839

7,20013,30630, 547

121, 77594,81559, 39744, 597

102, 24375, 78729, 72361, 695

14, 30020, 500

130, 5107,232

144, 21312,05022,84011, 14168, 583

Bookvalue ofassets

returnedto share-holders'agents

Dollars

27,306

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

17,2742,426

163,7552,639

6,710

8,652

7,855

73, 3742,126

42, 70946,471

24,971

4,190127,476

4,3586,497

13,100

4,301

27, 20036,891

24,01581,146

8,60314,1567,490

261,170

26,028

On un-securedclaims

Dollars2,437,1131,099,486

63,92435,897

193,3311,115,454

136,355350, 723154,445188,882

s 5,025, 547357,933254,161326,990

77, 535769,664

59,89628, 21617, 594

9 641,939144, 824654,316339,632

78, 28774,89388, 798

114, 568400, 315

9 2,640, 999606, 708

67, 232689,003

8 184, 59315,41659, 95448,60837,49820,758

249, 29518,00?84,826

1,85722

483, 21760, 639

198456, 50?

72, 380743, 91?

21, 50629, 50323, 257

185, 590594, 333267, 052139,398299, 925384, 618

Footnotes atjtend of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 382: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars2,490,494

853,14979,63324,83110, 554

1,700, 59611,57724,321

101,303173,691

6,942, 32429,477

197,174104,35557,437

273,569138, 70023,114

201,119

1,110,05519,669

326,445646,32446,39027,14549,913

175,363355, 017506, 250641,415

84, 252989,255267,18369,38754,12034,970

186,14260,347

102, 45564,90135,56-76,00011,810

229,381413,963

83, 452244,50973,839

416,367

62,53034,36373, 5733,287

1,562,688I 474,016j 606,690I 18,44:j 219,123

Cash ad-vancedin pro-tectionof assets

Dollars5,524

42,4581,548

20,3142,059

1,64012,90117,117

2,54020,368

69616,602

42348

125

5,69111

1,970826507

2,57714

44,1064,143

13,199

3,99031, 2182,0372,573

8564,7087,167

372

6,173988479

4431,8,4647,500

531,4833,498

933358

1,573409

43,4723*8292,436

5387,060

Conser-vators'

ex-penses

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars235,105135,11421,79915,6859,931

136,71718,54016,07618,54924,391

251,60613,57434,61024,63414,71654,90622, 6696,091

19,961

45, 01814,08045,19364,94915,6666,81421,42225,02865,81795,94957,469

24,41172,70429,90619, 59615,85510,92"22,89713,03"

23,87515,73516,2363,0907,70436,37544,2206,26444,28517,16261,829

16,80610,11219, 72210,82996,44824,19418,18919,74949,785

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Dollars21,47686,0828,4616,069

19,576140,929

4,72115,3552,7086,851

58,71436,2777,295

12,6612,546

24,2892,5045,332

17,6131,743

126,55711,7998,803

15,72815,1838,012

322,75213,500

3,44412, 77329,443

5627,9453,10013,7445,380

26,7149,13015, 28"24,0899,364

132,93657,63811,98416,9392,10811,445

5,58412,93821,89728, 26513, 2274,066

21,90210,12463,050

Dollars

66

Amountof claimsproved

Dollan3,481,5902,359,703

99,873119,672232,903

4,079,251198,087372,449386,106496.610

(>, 696,555447, 624592,999435,563238,127

1,190,581362,330

62, 703363,197

1, 282,139201,144

1,741,8201,045, 722

154,89570,807

135,901574, 900

2,170,7644,354,6161,011,181

257,6141,660,300

351,444121, 712221,339143, 404409,648

98,816

368,185294,560169,658160,000184, 566966,443831, 555203, 349642,356206.611

1,390, 001

163, 50752, 096

256,230218,341

1,849,694527,808293, 545498,129

1,017,028

Divi-dends(per-cent)

Interestdivi-dends(per-cent)

7046. 667563083307094.16674038

8 7580437532.564.517457

9 507237.532.550

1006526.66720

9 60

27.555

>52.512.527349

24

677.5

5075.520507.5

40713553.5

1556. 6671285305047.56040

5.771

Date finallyclosed or

restored tosolvency

Nov. 20,1933

1770177117721773177417751776177717781779178017821783178417851786178717881789

17901792179317941795179617971798179918001801

18031804180518061807180818091810

18111812181318141815181818191820182118221823

182418251826182718281830183118321833

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

Page 383: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

183418351836183718391840184118421843184418451846184718481849185018511853185418561857185818591861

186218631864186618671868187018711872

187318741875187618771878

18791880188118821883

18841885

18871888188918901891189218931896

1897

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-

mond, Ind.First National Bank in Decatur, Ala

Dollars100,000 Dec.50,000 Dec

100,00050,000 Dec

100,000 Dec50,00050,000150,000100,000 Dec.,50,000 Dec,25,000

100,00050,000

2,005,585 Dec25,000 Dec50,000

7,19318,1931

do9,1931

11,1931dododo12,193114,1931

do.dodo15,193117,1931do.do

75,000 Dec. 19,193125,000

50,000

600,000 Dec. 21,1931do—

100,000 Dec. 22,1931do.do—

25,0001,000,000

50,00025,000 Dec.50,00050,000200,00025000

do23,1931

dodo

25,000 Dec. 24,1931do

100,000 Dec. 29,1931) do200,000

25,000 Dec. 30,193130,000 do.25,00025,00025,000

.do.

.do.

.do.50,000 Dec. 31,1931

60,000 Jan. 2,193250,000 Jan. 8,193225,000 Jan. 9,193240,000 Jan. 11,1932150,000 do

25,000100,000

..do...do..

25,00050,000100,00050,000250,00075,000 Jan25,000

..do-

. .do..do.

. .do- d o

12,193:do.

25,000 Jan. 13,1931400,000 Jan. 18,193:

Dollars52,158188,207236,422173,246344,926157,944225,290956,828494,827169,14349,019362, 52353,042

10,672,58219, 54482, 50014, 760103,83821,451

1,907,58295, 453

Dollars495,058408,352457,994713,811484,012137,147274,585733,339463, 506654,176181,995406,275142,642

15,134,35162,774555,88775, 539

1,359,075146,899

3,044,906244,411

200,000 ...-do

3,2811, 734,023

126,508471,64478,13827,198887,91137, 527768,829227,974595,340

106,031111, 526185, 75795,97360,10326,893

50,41752,44136, 93344,337178,742

19, 966606,851

6,58450,662353,18188,008450,04368,036115,01031, 210756,124

329,126

29,1094, 576, 378

136,899336,083178,410206,330

1,242,36646,176667,441287,673

1,607,140

120,728493,298337,012125,465119, 59082,149

153, 718200,181122,307132,33S489,562

62, 231572,855

66,992108, 779746,469107,199

1,166,479279, 60233,87592, 507

2,663,658

874, 771

footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 384: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stockassessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstock

assess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars29,74915,033

112, 74584

96,06044, 33786,18370, 743

240,481242,066

24, 23759, 37629, 635

2,823, 72722, 739

1484,244

15,12911, 364

521, 7232,551

Dollars11, 55824, 52833, 3605,596

12, 91119, 756

121,85871, 74935, 43321, 2562,539

73, 2853,981

1, 228,8781,291

85, 622464

4,07012, 620

319, 5452,845

14,2711,492,727

21, 34737, 71944,536

631315,54327,02164,08460,906209,227

48248, 79335,48342,20012,08120,479

50,48121,24913,4858,924

278,330

7,618154,183

10,60315,29113,0379,797

236,79114,43846,84613,906

100181, 235

105, 2553,38315,91116,81546,16513, 783

235, 21956, 971

134,028

2,21848,77"10,05314, 9764,4003,684

43172, 77323, 77429, 36416,458

11,96336,092

47, 5811,133

37, 9682,238

33, 39191, 35210, 338

901184, 281

20,847

Dollars100,00050,000100,00050, 000100,00050,00050,000150,000100,00050,00025,000100,00050,000

2,005, 58525,00050, 00050,00075,00025,000600,00025,00050,00025, 000

1,000,000

50,00025,00050,00050,000200,00025, 000200,000100,000200,000

25,00030,00025,00025,00025,00050,000

60,00050,00025,00040,000150,000

25,000100,000

25,00050,000100,00050,000250,00075,00025,00025,000

400,000

200,000

Dollars688, 523686,120940, 521942, 737

1,037, 909409,184757, 916

1, 982,1, 334, 2471,136, 641282, 790

1,001,459279,300

31,865,123131, 348774,157145,007

1, 557,112217, 334

6, 393, 756370," "50,00071, 761

8,984, 363

440,009873,829366, 995300, 974

2,691, 985149, 507

1, 935, 573733, 524

2, 701,193

254, 459752, 393593, 305303, 614221,174183, 205

315,047396, 644221,499254,963

1,113,092

126,7781,469,981

156, 760225, 865

1,250, 655257, 242

2,136, 704528,428231,069163, 524

4,004,063

1, 558, 772

Dollars144,509354, 620165, 791454, 526320, 902138, 738253,460964, 696609, 205446,87868, 973

392, 27780, 752

7,380, 69924, 558

268, 27522, 683

362, 28787, 812

2, 635, 936175, 726

6,6962,893,488

146, 250548, 26'116, 74797,805

1,068, 78442, 635

699, 710231,173

1.129,439

117,880500, 938356,824157, 640101, 29761,122

65, 21653, 31692,73091, 621188, 637

22, 502642,443

9,75250,918688,039113,350941,601184,084102, 70163,818

1.133,440

575,468

Dollars23,08141, 53033, 83031,84153,91916,4731,360

72, 92649, 55111,0508,600

23,816329, 50113,10041,8883,290

38, 27719, 200

300, 66111,09932,10010, 900

186, 729

15,13020, 5927,58814, 28212, 52415, 065150, 72433, 254158,560

18, 62526, 90023, 92511, 03415,88131,055

16,00020, 200

60812.8193,719

2,16237, 753

100200

53,33422, 236135,28856.82013, 2308,853

138,899

74,445

Dollars14,38619, 31623, 44149,27017, 26914, 48119, 52181, 65153, 28816,1014,7068,6434,413

999, 2454,43126, 926

83831,5164,692

141,16213, 454

738238

130,170

10,11318, 30313, 6607,970

87, 5072,04555,06831, 26999,0598,55622, 74014, 7025,01710, 7763,216

4,4825, 0246,1585, 9616,477

2,70536,120

6502,80522,0499,23265,81913,0795,2764,18259, 388

27, 540

Dollars20,00024,80024, 80017, 200

23, 300

53," 800

3,1008,7006,200

1, 699,1002,000

355, 200

Dollars41,19122, 59623, 27856,04729, 36428,80757, 27986, 37763, 75625, 21113,86250, 51415, 371

1,885,134792

23, 745699

16,1022,425

399, 6849,005

4,500

71,800

34,0004,500

33, 400

912, 451

48,82241,43413,8639,339

141, 2045,556

99,19320,876

119, 596

8,04060,27625, 5317,6409,51

11,500

" 6," 000

4,900

29,0006,500

12,85^

11,36410, 3737,948

2,541112, 771

2,3287, 391

136,4318,598

173,99521,4638,4865,976

312,908

38,565

183418351836183718391840184118421843184418451846184718481849185018511853185418561857185818591861

186218631864186618671868187018711872

187318741875187618771878

18791880188118821883

18841885

18901891189218931896

1897

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Page 385: Annual Report of the Comptroller of the Currency 1934

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

183418351836183718391840184118421843184418451846184718481849185018511853185418561857185818591861

186218631864186618671868187018711872

187318741875187618771878

18791880188118821883

18841885

188618871888188918901891189218931896

1897

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars243,167462, 862271,140608,884421,454221, 799331, 620

1, 259,450775, 800502,340104,841502,498124,352

12, 293, 67944, 881

360,83427, 510

448,182114,129

3,832, 643209, 28432,83817,834

4,122,838

224,815628, 596151,858129, 396

1, 381,81965,301

1,038,695321,072

1, 540,054

153,101610,854420,982181, 331137, 47195, 393

110,05578, 540

116,860120,774206,781

34,810829, 087

12, 83061, 314

899,853153, 416

1,345, 703281,946129, 69382, 829

1, 644, 635

716, 018

Loss onassets com-poundedor soldunder

order ofcourt

Dollars103,06290,1013,900

157,01466,043

2,046215,108

58, 756146, 758

13, 59761,82442,619

3, 707, 6605,234

99, 32334,176

355,19246, 961

364, 27980, 468

7621, 236,145

14, 262102,83839, 79858, 223

136, 96510,43127, 53562,681

240, 715

93984,800

128, 28334,830

7,14772,083

4,8669,450

13, 63714,08723,112

841168,479

9,64720,373

140, 5905,931

301,11738, 63017,0069,805

266, 655

14,928

Book valueof remain-ing uncol-

lectedassets

Dollars299,761168,803647,552225,150521,600191,639395,131566,478502, 530467, 794161,358396,84490, 558

16,886,04575, 764

332,81437,449

748,53155,136

2,393,85780,061

39, 3032,942, 279

180, 675156, 290146, 58785,607

1,145,03265,885

909,135318, 794

1,011,443

102,60056, 37957,66778,50478, 213

172,108283,878

78, 76898,882

743,395

75,894446, 288

110,03397,183

185,59579,363

469,991209, 25177,87658,925

1, 891,060

729,811

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars76,9198,470

66,17018,15946,08133, 52748, 64077,07450,44938, 95016,40055,13626,184

1, 676,08411,9008,112

46, 71036,723

5,800299,339

13,90117,90014,100

813, 271

34,8704,408

42,41235, 718

187,4769,935

49,27666,74641,440

6,3753,1001,075

13,9669,119

18,945

44,00029,80024, 39227,181

146, 281

22,83862,247

24,90049,80046,66627, 764

114,71218,18011,77016,147

261,101

125,555

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

64, 410

29,784

30,93465*151

7,78612, 9165,438

27,029

4,002

1,140528

186, 64019,859

8,977219,012

29,240

7,787

35,168

15, 323

785

27,720

15, 49114,0548,0455,997

1,7838,702

6,73766,276

3,114

6,0343,538

136, 543

79,353

On un-securedclaims

Dollars102,078319,234134,956434,591

46,820136,430100,661264, 683274, 779149,43136,811

208,26185, 522

6, 501, 27813,106

227,6461,979

121, 32473,458

820,07637,666

1, 534,258

101,766478,403

73,10135,120

959,87030,189

449,842134,152821,785

61, 563445,469180, 75767,34660, 769

35, 797

22,03331,934

3,451247, 235

5,365238,797

86,126762,975105,38354,49112,489

191,639

101,543

Footnotes at end of table, pp. 448 and 449

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

Page 386: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars114,861119,32641,452

133,604282,75361,051166,977855,503397, 733314,84746,452226, 76516,885

3,771,46015, 29680, 76317,967

233,89322, 711

2, 721,949125,924

6,7251, 888,431

72,80578, 36444, 56767, '

23,280482,127135,115622, 084

53, 784108,382190,86498,87545,09163,350

40,04654,07570, 53965, 639148,471

21,254493,329

6,08630,080532,23639, 717512,007138,91853, 54754,347997, 505

413,274

Cash ad-vancedin pro-tection

of assets

Dollars1,253

779

4,242499

2,8751,345

18,5047,6321,0092,2646,411

163,139

404

9,0345

8,4903,244

1,916

9073,3402,715

88782, 7721,2051,348

10,40434,397

156518799

11,835

1869424

3,7741,908

8,536

9,042• 7

11,4349,4121,4102, 623

63, 637

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Dollars Dollars21,66619,31923.45625,96734,51818,87325,82936, 35554, 81519, 37610, 69030, 67716, 504

455, 726 1,8,48425,9534,17122,2059,97473,40415,5721,0811,292

171,713

17,02528, 66215,83112.45758,7717,193

65,37135,99847, 586

13,85527,45120,71610,41114,6953,400

16,2633,94512,6239,44024,608

6,64342,464

5,7359,27035,84315,68043,24218,12411,05111, 65095,446

29,728

Cash inhands

of comp-trollerand re-ceivers

Dollars3,3094,9066,85710,48027,0802,5705,87419, 25433,0554,7613,1863,3555,441

., 402,0763,99326,0682,25361,1987,981

22,0847,019

31, 757840

307,508

3,07239,82715,6445,80611, 7863, 4344,8395,40314,202

8,52829,39627,3423,9005,081923

2,2726,3723,5963,99031, 794

84528,821

1,0099,86217, 6598,77216,0454,0755,6561,720

159,865

92,120

Amountreturnedto share-holdersin cash

Dollars

Amountoi' claimsproved

Dollars299,353411,616568, 666627,502558,792209,827336,579679,360

574,433193, 520437,892158,814

21,667,48167,321455,50531,741761,672117,533

1,921,877200, 55450, 22319,099

5,418, 776

172, 769735,167209, 308111,491

1,919,62962, 765796, 284308,308

1, 520, 948

137,915562,697334, 735134,691120, 50799,000

170,958176,97570,25279,792261, 331

52,340730,239

29,68696, 844404, 583115,026

1,002,934144, 356104, 73549, 520

1,875, 395

755,381

Divi-dends(per-cent)

Interestdivi-dends(per-cent)

3477.535691265373943262147.553. 333302550101662.54530

4735

85653531.550485643.554

5079.16754505028

307.5

3240

1034.5

12.559757673522517.5

20

Date finallyclosed or

restored tosolvency

183418351836183718391840184118421843184418451846184718481849185018511853185418561857185818591861

186218631864186618671868187018711872

187318741875187618771878

18791880188118821883

18841885

18871888188918901891189218931896

1897

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

Page 387: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

18981899190019011902190619071908190919101911

191219131915191619171918

191919211922192319241925192619271928192919301931193319341935193619371938193919401942194319441945

1946194719481949

19501951

1954195519561957195819591960196119621963

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

100,000 Jan. 18,1932..do.do—.

100,00025,00060,000600,000

.do-—..do

150,000 Jan. 20,1932100,000150,000150,00050,00050,000

35,000

o..do-do..do..do-

-do200,000 Jan. 21,1932

-do-do.

25,00025,00050,000---do50,000 Jan. 22,1932

100,000100,000 J:100,000-50,000 Jan100,00050,00050,000

doan. 23,1932-—do

26,1932do

— -dodo.

100,000100,000100,000100,000 Jan. 27,1250,000- -.do-

____do—do

do

500,000 Jan. 28,1932).—do) — do

-do

55,00075,000100,00025,000 Jan. 29,193:

I Feb. 1,193:do

200,000100,000150,00050,00050,00050,000200,000

200,00050,00025,000100,000

125,000100,000

- - d oFeb. 2,193:

-do- - d o

.do

Feb. 3,193:dodo

_do.

_do— .do

40,00050,000

100,00050,00030,000 Feb25,00025,000

Feb. 6,193:— d o

doFeb. 8,193:Feb. 9,193:— d o

, I . . - d o700,000 Feb. 10,193:

do— d o

1,000,000150,000

Dollars225,490775,15126, 293234,136

4, 771, 579611, 515282, 334491, 792260, 22544, 547191, 589

594, 6291,503,089

73, 34718,137

240, 590197,878

800,631207,251

56,496106,10727,177171,919502,824506, 461464, 539240,169

1,991,128

Dollars459,386810, 72281, 202409,711

1, 498,8401,047,6851.382, 7871,402,864618,457504,590381, 282

1,081,4432,605, 254106, 54559,782

239, 561275,359

300, 761717, 495436, 017247, 328595,044129, 221264, 225

1, 367, 096743, 929862,166491,851

1,851,321

90, 784502,113379.37866,688796,847479, 533678,957126.14254, 51324, 268356,124

1,021,876230,69137,41976.000

1, 236,540295,768

499,881194.94399,98462,234145,73188,042102,948

1,229,8471,455,571479.143

297,686300,994193,131102, 252527,129655,030903,922159.84599, 796163,947994, 652

3,811,758265,435188,221416,008

805,903806,348

529,380358,734735,941144,172663,189386,058242,822

4,346,4766.817,970735,156

Footnotes at end of table, pp. 448 and 449.

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

Page 388: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Total

mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars70,719

118,18311,36357,652

650,582356,37037,566

238,90619, 5653,1637,173

3,353194,070

74, 36919,36419, 51736, 088

90, 26653,02856,55819,58827,35637, 531

177,405167,480

3,77974,6787,559

218,053

Dollars3,09'

93,6184,44"

29,09149,15"85,32340,27624,47449,98071,1873,454

46,848198,170

66, 65515, 2895,974

31, 943

394,47728,10513, 3633,337

217, 54118, 7879,124

28,528148,38424,42735, 664

507,830

71,85038,11211,13526,621

372,27756,43338, 61658,60528,38832,14152,700

364,97189, 58495,26591,972

112,61749,221

38,0525,774

49,18764, 27013,31834,3733,21217, 22950,443118,611

41,11352, 36738,48246, 30454, 76733,8802,89524,44746,053

85477,416

19,18167, 66613, 52438,329

15,4044,570

35, 22830,18523,90634,11955,11816,776394

394, 749145,82065,107

Dollar,100,000100,00025,00060,000

150,000100,000150,000150,00050,00050,000

35,000200,00025,00025,00050,00050,000

100,000100,000100,00050,000100,00050,00050,000100,000100,000100,000100,000250,000500,00055,00075,000100,00025,000200,000100,000150,00050,00050,00050,000200,000

200,00050,00025,000100,000

125,000100,000

40,00050,000100,00050,00030,00025,00025,000700,000

1,000,000150,000

Dollars858,692

1,897,674148,305790, 590

6,970,1582,250,8931,842,9632,308,0361,098,227673,487633,498

1,761,2734, 700,583345,916137,572555,642591, 268

1, 686,1351,105,8791, 286, 578376, 749

1,046,048262, 716672,673

2,165,9281, 502, 5531, 525,810875, 243

4,818,332500,000556,433968, 586722,126266,865

1,951,0201, 324,8761, 774, 390419,039278, 750271, 210

1, 680,892

5,417,786703, 376359,429722, 309

2,295,4641, 255,907

1,142, 541639,636

1,009,018354, 795907,356550, 249374,376

6, 688,301

Dollars337,495781,83528,767272,704

5,618,0421,128,701844, 624818,666456,955232,444252,412

1,140, 7502, 746, 541115,54737,464280,756252,079

810,811473,669733,21153, 635254,64738,192223,318654,032648,234896, 761362, 519

2, 269, 532

186,173357,978170, 23891,815660,340479,942688, 708201,46555,55460,343

1, 548,017

1,912,528161,89774,838139, 614

1,197,897711,397

504,310304, 765301,765114,127194,395260,303133,633

1, 599, 2962,446,679525,480

Dollars67,91977,1696,12522, 549

116,36452,18789,332103, 79029,01526, 606

34,200153,56717,1514,3621,00044,079

66, 50221,08975,34840, 29418, 25317,25427,15379,07982, 55481,90143, 59495,989247,21827,78228,46952,5716,616

101,61174, 55844,11818,68628, 52224,10683,929

22,61637, 73110,48557,355

50, 58526,272

35, 57514,47336,9551,09116,87413,39915,484122, 929477,49728,712

Dollars19,06948, 7393,51817,189104,19449, 36554,98862,27"49, 65718, 26118,142

102, 22784,4059,4601,330

24, 72014, 580

43, 01735, 52559,0579,00710, 5317,82411,92671,19947,01337,38221, 65794,4365,1948,5559,108

20, 21610, 70231,04441, 76957, 2677,1264,7895,37637,053

197,24711, 5176,58015,475

55, 04358,945

64, 22322,13415, 50710, 28220, 23019,81511,03079, 578117,66032,107

Dollars

3,50047,100

61, 800

174,100

3,900

6," 666

17, 80037,80023, 70015,00018, 00021, 600176,90012,000

27,900

Dollars55,37980,1252,39237,057280, 111149,28455, 786162,33"39,4725,30337,873

69, 235192,8067,2761,32722,29835,075

74, 66981,700122,03615,34243, 3107,263

32,063206,13262,37168,10541,990304,417

13, 300

25,000

29,80067,00099,2006,5006,0008,000

113,09115,400

31,100

30,40027,100

4,000

463, 70014,000

14,66948,03733,6616,88790,06048, 653168,39718,39534,8694,20050,787

140,52933, 26330,96713,853

193,04232,084

50,14633,41222,0422,08351,97430,37017, 207

390, 200363,833135,277

18981899190019011902190619071908190919101911

191219131915191619171918

191919211922192319241925192619271928192919301931193319341935193619371938193919401942194319441945

1946194719481949

19501951

1954195519561957195819591960196119621963

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

Page 389: Annual Report of the Comptroller of the Currency 1934

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

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Loss onassets com-poundedor soldunder

order ofcourt

Book valueof remain-ing uncol-

lectedassets

returnedto share-holders'agents

Conservators'distributions

Bookvalue of

To se-cured

creditors

To un-securedcreditors

Dividends paidby receivers

On se-curedclaims

On un-securedclaims

18981899190019011902190619071908190919101911

191219131915191619171918

191919211922192319241925192619271928192919301931193319341935193619371938193919401942194319441945

1946194719481949

19501951

1954195519561957195819591960196119621963

Dollars479, 862987,86844, 302396, 599

6, 002, 3471, 443, 7141,007, 58f1,194, 412649,874285, 023335,033

1, 346, 4123, 351, 419

149, 43448, 383328, 774351, 813

994, 999629, 783

1, 027, 456241,978341, 74188, 533316,060

1,187,342852,172

1,084,149469,760

2, 792, 274252,412250,479443, 592301,686116,020912, 855711,922

1,057,690252,172129, 734102,025

1,020, 737

2, 386,011259,808122,870226, 297

1,496, 567859, 798

654, 25'405,184403, 369127, 583283,473327, 887177,354

2,192,003

Dollars77,116136, 699

11727,694

1,072,005420,439330,130154,13549,465105,62521, 277

371, 606529,18157,5063,4998,797

40, 278

125, 30367,933

119, 34117,27034,433

Dollars288,702799,01592,029

393,135

53,51072,808

182,222233, 21260,131

140, 680

50,15167,40410,95520, 71776,505

139,52411,9992,6798,069

12,028301, 536

1,081,2614,51356,73947, 890

127, 599235,997

235, 796114,89573,66410,16077,96374,03616,951

239,708133,15963,406

Dollars32,08122,83118,87537,451

Dollars Dollars Dollars Dollars

402,469512,423

1,022,898402,335280,115271,936

144,6821,032,055140, 58770,282193, 791213,836

575,352382, 577211,986140, 502613,658167,261313,782

1,132,956509,726227,732310,603

1,853,703

250,440420,16r407, 272122,446924,115556,75"755,286146, 500130, 258144,639279,601

2,083,468453,703171,885420,952

651,926176,429

312, 289136, 564511,547178,425553,024160,540181,585

3, 759,0975, 526,133673,854735, 576

Footnotes at end of table, pp. 448 and 449.

33,63647,81360,66846,21020,98523,394

80046,4337,84920,63849,0005,921

33,49878,91124,6529,70681,74732,74622,84720,92117,44618,09956,406154, 011252,78227,21846, 53147,42918,38498, 38925,442105,88231,31-21,47825,894116,07:

177,38412,26914,51542,645

74,41573,728

4,42535, 52763,04548,90913,12611, 60:9,516

577,07:522, 503121,288

94,979

l,"575,"808

1,422

28,91422, 062

4,0574,18712, 65517,238

2,015

15,183

Dollars248,381405,141

25,739195, 282

to 262,713569, 736619,864508,420322,42296, 532

100,437

1,167, 0942,242,641

19,3825,5026,678

104,214

444,211199, 537639,136180,48464,292

13,96830, 088

42,112

1,4992,468

67,66f

79,140

3,380

144,586486,895603,178604, 240370,804702,843200,000140, 717188,861206, 997

4,261382, 584348, 270229,349169, 556

61, 34934,475

440,916

1, 985,685127,674

15,015

214, 25:15,16'

17,74

26,6404,8291,68211,88819,35c

11,728

163,03264,56

440,932166, 291111, 6378,384

108, 7177,01235,053

282, 6749,576

689, 722292,454

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

Page 390: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cluding

allowed

Cash ad-vancedin pro-tection

of assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars88,454

383,9732,467

169, 6344,114, 393

780, 523239,567605,282205,324113,981123,009

104,5691,031, 582

96,29527,850287, 593198,079

448, 652374,436330,53840, 351203, 49252, 504124, 587573, 246201,172417, 284

66,3741,936, 250

Dollar,29,283

7,80531

4223

1,33246, 5161,0918,3966,3183,721

24,356

561

Dollars

86,553211, 39758, 39085,425394, 822291, 833653,70464, 58055, 49540, 373449,073

266, 42482,250106,760164,112

1, 023, 350534, 232

126,890207,459205, 524

83,387143,494199, 651103,038

1, 691,7822,660,784

379,675

4032,422

37217,19118,799

36,053410

1,42818,260

12873

9,54022,682

3,1873,359

59

4,8055,1429,329

197

5,82443,421

8,48212, 709

22

1,9251,955

17164

12,41514, 3441,429

15, 7183,0268,316

48, 4265,422

Dollar,29.05249,8158,73427,91949,43052,81745,79065,71439, 38118,66322, 635

44,04951,06213,6488,61014,10622, 728

44, 23032,20737,18511,32320,90620.83128, 34747, 71544, 01427,97119, 57680,4968,83918,19722,82728.83216, 24244, 36644, 75069, 56015,94810,49914,86839, 312

104, 50526,79612, 53516, 696

51, 55626, 647

24,93529,09823,12114,47817,97719, 55114,96870.053

114,39046,056

Dollars84,69246,1557,3313,342

Dollars

39,30654,42613,90545,43727,46785,231

21,77815,4912,2347,3397,132

57,5344,3971,7983,7511,815

14, 7883,14431,1383,796

33, 7813,4667,891

43, 5731,82517,1485,9097,62418, 61321, 927

1,8912,3916,48548,015

20,915

3, 55316,838

42,45417,236

43, 5852,272

24,0322,161

10,1804,0671,910

421,85273,3732,393

Dollars552.088

1, 081,61592,031

430,825262, 713759,383

1,308,4831, 269,160

460, 507342,968400,983

1,457,6332,925,040

128,96464, 598

317, 252273, 543

797,444468,406709, 545202,439402,74782, 784415,053

1,186,463799, 758805,348569,117

1, 815,970500,000312, 716539,808416, 304118.089918.091695, 423598,506220,167102, 249120,265664,730

4, 674, 930436,810115.092381, 966

1, 370,324472,719

790,815274, 223517, 048165,161545,861296,475264, 567

2, 289,7883,644,001664,949

4537.52845. 333»1007547.667407030.525

80» 76.6671515638

7043908918.333

354175.167756541.5404535505

41. 6675043776028. 66766. 333

42.530

2756

5860238203020

189919001901

Jan. 11,1934 1902190619071908190919101911

2545.667

191219131915191619171918

191919211922192319241925192619271928192919301931193319341935193619371938193919401942194319441945

1946194719481949

19501951

1954195519561957195819591960196119621963

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

Page 391: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

196419661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199619971998199920002001

20022003200420052007200820092010201120122013201420152016201720182019202020222023

2024202520262027

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 . . .

Dollars100,000 Feb.35,000 Feb.65,000

10,193211,1932

Dollars331,927

.do..750i000Feb. 12,1932100,000—-do. .100.000--.do100,000 Feb. 15,1932100,000 Feb. 16,1932325,000 Feb. 17,1932100,000-—do.25,00025,000

300,000

22, 4722,379,291

84,823166,108107, 301180.607

dodo

—do25^000 Feb. 18,1932

. - d odo.

25,000200,00030,00075,000 Feb50,00025,00050, 000 F

..do19,1932

do.. . .do•eb. 20.1932

25,000 Feb. 23,193250,000 Feb. 26,1932300,000 Feb. 27,1932100,000 Mar. 2,1932

___do...do

000 Mar. 4,1932...do...do

000 Mar. 8,1932do

1 ,75,00030,000300,00025,00050,00030,00075,000

1,000,000 Mar. 9,193250,000 Mar. 15,193280, 000 Mar. 16,193225,000 Mar. 18,1932

50,00025, 000 Mar.25,000 Mar.250,000 Mar,

do. 19,1932. 25,193228,1932

100,000 Apr. 11,1932....do

do100,00025,00025,000 Apr. 12,193240,000 ....do50, 000 Apr. 15,1932300,000 Apr. 19,193225, 000 Apr. 26,193250,000 Apr. 27,193250, 000 ....do100,00025,000

do- . . d o

25, 000 Apr. 28,1932May 3,1932

25,000 May 9,1932000 May 10,1932

265,39260,160147, 430

1,001,32933,13247,676279,45050,040

208, 339111, 09044, 032193, 90174, 756169, 217671, 437345, 603161, 594182,130

2, 337, 646211,44158, 74313, 38380,069

874, 34111, 644

190, 99919,956

350, 27852, 688118.832

1,822, 005609

1,3381,650

69, 57066, 938163, 868

1,171,98059, 7124,43910, 382

Dollars375, 576

25,00025,

125,

500,000 May 20,1932250,000 May 21,1932100,000 May 23,193225,000 May 24,1932

2,34024,82163, 58964,181717,751

4,27657,625

677.9494, 284.188

381. 618475.892565,993323.950

1,984,4481,377, 799130.31696,101458.317192,814109, 214

2, 736,63228,986196, 095135,116110, 209242,963242, 355563, 573

1, 800, 366580, 836356, 063304,080

2, 807, 22397, 718141, 56078, 462160, 471

2,177, 46755,828

427, 360129, 505

185, 51474, 308

216, 0161, 654, 474

47, 61876,823

214, 785134, 775200,006

1,555,93496,048118,039127, 096

26, 417184, 64462, 47987,134

1, 768, 636

682,212673, 268

146,147 314, 047

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 392: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tional

receivedsince dateof failure

Total

mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstock

ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars28, 712

107,990207,178268,810

25, 345308,474153,94528,290

7,1003,252

10,9529,385

99,4677,290

16,88872,74541, 012

1,9568,433

58,779298,709257,18096,57572,59169,629

557,98331,37575,46232,42925,216

1,171,79814, 579

1,54419,733

45,149540

49,240558,226180,90783,304

18, 5532,438

50,082154,86918,42077,28675,732

10,7932,665

58,2693,024

268,797

147,90022,006

Dollars105,16:

1,26

347,9466,385

139,49"4,764

41, 25488,37:

165,42411, 5325,802

38, 24557, 621

173,169243,16646,07

122,490107, 284

3,6537,052

101,09933,670

141, 54735,419

5618,397

826, 5564,8171,799

22,64152,838

542,54210.0738

4,921

12,25113, 3811,928

319, 513

3,645

10,96936,700

5,091216,55242,538

70243

4,1751,1894,776

10,345174,491

711,341124,937

Dollars100,00035,00065,000

750,000100,00c100,00c100,00C100,000325,000100,00025,00025,000

300,00025,00025,000

200,00030,00075,00050,00025,00050,00025,00050,000

300,000100,00075,00030,000

72,621 12,964

25,00050,00030,00075,000

1,000,00050,00080,00025,000

50,00025,00025,000

250,000100,000100,000

25,00025,00040,00050,000

300,00025,00050,00050,000

100,00025,00025,00025,00025,000

125,000

500,000250,000100,00025,000

Dollars941,38235,015

765, 4477,869,410

840,0041,150, 307

803,403954, 285

2,914,0621,936,905

234,108277, 585

1, 808,843317,952454, 526

3,466,538171,985674,669444,502184,850502,349501,989

1,115,1693,170, 5301,158,433

665,809594,236

6, 529,408370,351327, 564176,915393,594

5,766,148132,151700,641199,115

643,192165,917411,016

4,604, 218329,134265,11026,650

338,877280,851469,137

3, 399,335241,718249,834263,456100,000

68,725238,319214,113189,684

3,054,675

2,045,7291,127,836

100,000570,779

Dollars324,603

178, 2062, 268,830

251, 432480,002321,14f283, 673

1,147, 231,003, 80:

94, 64:121,34J726,096154, 290112,723

1,144,74:48,99c

245,380122,96978,888

282,469176,964246, 507

1,494,346351, 510239,787165,013

3, 624, 765128,617140,08340,74891,207

2,165,60724,841

378, 11187,122

167, 67680,416

185,6291, 546, 909

19,7576,1231,650

184,229129,637235,848

1, 310,93098,01619,19619,463

8,57693,49082,44375,686

1,315,721

199,287188,278

329,152

Dollars54, 22929,70260,001

370,40173, 69863, 40176,\%82,019

234,98243,1863,2265,73:

149,6918,5457,786

40,4805,683

41,61816,0829,852

45,5498,079

43, 508140,65265,98936, 56910,408

7,67330,1098,560

41,982687,05331,12565,0463,176

11,9522,10089,13813,00028, 75223,7006,15632, 96523,610168,92313,20027, 86725,1939,80010,06213,2695,7794,759

263,83017,23944, 70722,300

Dollars21,072

29185,04577,88426,8932, 33526,80717,48!69,48/74, 5048,454

12. 97:50,16415. 515.07i

78,18S2,85'

17,95:6,64'4,975

16,96315,04616,10783,09739,48919,84311,154

166,7114,1976,2142,1673,444

18, 7361,842

25,0853,720

15, 7565,541

12,35155, 0002,2983,576

53114,3968,013

12,67467,9513,010

9822,757

101,0576,3644,2192,294

91,448

44,63927,063

32923,865

Dollars

12,70C2,40C

85,80028,800

11,30025, 900

lll,80C

9,10021,0008,200

19,80027,40077, 70055,90034,300

32, 600

8,000

9,40029,400

622,100

8,900

212, 300

3,100

1,60033,800

Dollars32, 25C 1964

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419%199T199s109H20002001

20022003200420052007200820092010201120122013201420152016201720182019202020222023

202420252026

17,017 2027

564,10815,4148,92<327, 63540, 04

225, 53'97,39£16,0912,82250, 6236,12

19, 488174,535

3,3235, 75219.0565,7887, 246

14, 71434,422

106,17552,08320, 68917,349

427, 24226,01325, 49610,22810, 569

230, 016

24, 0061,273

7,3983,3888,305

121,761700

16,8735, 6508,234

248,08510, 225

7942,313

5,3098,634

142, 354

1,25037,345

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

Page 393: Annual Report of the Comptroller of the Currency 1934

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

196419661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988

198919901991199219931994199619971998199920002001

20022003200420052007200820092010201120122013201420152016201720182019202020222023

2024202520262027

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars432,160

29,993323, 252

3,293,923369,840624, 668451, 706423, 215

1, 763,0371, 247,691

122,412164,175

1,002, 474184,467145,073

1, 549, 73960,854

349,801185, 754107,703372, 027242, 203418, 244

1, 880,170543, 371316, 888236, 524

4, 218, 718166, 500201, 902

61, 703155,202

3,101, 41257, 808

492, 24895, 291

190, 830110, 697237, 785

2, 434, 90835, 75538, 45125,881

230, 554176,265280, 366

2, 008,189124, 45148, 83949, 7269,810

19, 695117,17197,75092,973

1, 672, 014

509,006269,925

45, 036392, 334

Loss onassets com-poundedor soldunder

order ofcourt

Dollars31,659

9,632265,429

76,16541,118

136,485317,947220,105118,43528,89146,690

135, 64622,77630,864

192,6785,027

52, 9249,890

25, 59636,63622, 079

210,795375, 216

83, 75137,79563,671

2, 477, 4011,979

14, 76323, 28020, 348

2, 297,722

133, 58071, 553

2,4628,791

117,95231,1249,778

6,0212,152

39, 568310, 451

24, 528179, 844191, 680

38627, 248

69720, 683

200, 497

131, 54632, 631

114, 615

Book valueof remain-ing uncol-

iectedassets

Dollars452,864

15512, 609

4,021,043396, 988480, 257218,143212, 624996,189617, 26969,48571, 728

596,478109, 765266,451

1, 754, 58484,638

265,613242,58749,578

125,998263, 232573,445894,793571,089292, 538318, 203

188, 74297,22272, 659

196, 47072,80357, 31084, 94414,167

418,11854, 651

183, 2912, 567, 596

177,553149,209

106, 754

135, 4871, 229,869

83,949

91, 633100, 66459, 681

1, 271,103

1, 213,646619, 582

84,995

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars45, 771

5,2984,999

379,59926, 30236, 59923,87617,98190,01856,81421, 77419,263

150,30916,45517,214

159, 52024, 317

. 33,38233,91815,1484,451

16,9216,492

159,34834, 01138,43119,592

17, 32719,89121, 44033,018

312,94718,87514, 95421,824

50,00013, 04822,900

160,86287,00071, 248

1,30018, 8447,035

26,390131,07711,80022,13324,80790,20014,93811,73119, 22120,24136,309

236,170232,761

55, 2932,700

Bookvalue ofassets

returnedto share-holders'agents

Dollars

103,412

34,763

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars1,636

23,65750, 94331,407

1,20952,920

93,13940,251

4,8939,485

5,9336,317

51,920

7,131

12, 43623,792

4,45717, 581

27, 36641, 620

12,66915,050

17, 204

24, 64224,196

9, 5651,6636,200

225, 357

On un-securedclaims

Dollars194,349

1,714,965274,632382,422171,152267,803576,835578,82267,13061,632

463, 22735,02220, 731

318,26326, 087

269,554103,54989, 204

191,024130,902268,833880, 654353,921122,939108,188

3 1,926,85065,103

118, 67517, 31750, 045

263, 47511, 327

46, 03642, 637

985,079

24, 574102, 595153,075180, 268

1, 282,98348, 008

7474

7,50025

70,0926,799

28, 414368, 497

1,05060, 464

236,859

Footnotes at end of table, pp. 448 and 449.

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

Page 394: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars148,731

245,8281,355,048

67,289125, 233188,06267,133

987, 960522,43926,12175,479

453,967111, 759100, 542

1,015, 56019, 50055,16263, 60410,957

105, 32271,506

100, 410904, 557143, 511137, 35680, 067

2,170, 03975, 51663,17131,18869,928

2,392,87426, 323

128,86872,098

159, 75929,402

134,0961, 293,122

22, 4065,572

87. 4815,698

84,170568,44463, 30418, 21122, 371

7,59430, 96664,25253, 014

1, 241, 933

236,859159,876

98,056

Cash ad-vancedin pro-tectionof assets

Dollars14,153

23,799386206

471,1593,940

55, 264124453

17,97610,836

59171,850

285170

45, 2673,0532,055

11, 538686928

2,02036,141

264

644

5,83731

1,652144

29,15477, 530

28662

2874,215

12356, 555

1,376269

78117426-100

2,543

5,8812,149

Conser-vators'

ex-penses

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars39,422

1,59013,478

127,38323,95323, 59420,80127,67263, 71440,63310,54513,75755,32617,1329,024

62, 6399,404

18, 29513,0975,328

25, 79923, 20234,87545,28231,60025, 09417,97085, 68816, 67911, 7408,164

14, 20130, 9702,367

19, 3176,694

18,13411,85716,84866,991

1,7774,1611,307

17,9539,200

12, 59462, 5957,8631,9762,2182,3101,9159,6417,9108,754

47, 413

16,73241,2353,352

16,093

Cash inhands

of comp-trollerand re-ceivers

Dollars33,8694,746

13,00341,3213,580

92,00418,72459,44837,44910,28213, 5993,369

11,9783,7857,868

29, 5075,5786,6205,5042,2144,6156,409

12, 07138,13913, 65318,1354,487

8,9388,316

5772,803

677, 5681,752

33,1315,141

11, 28510, 589

12,18611, 54428,056

5,034

3,21137, 6125,2762,560

598

4,69212,1632,391

11,628

23,1276,201

41,68441,326

Amountreturnedto share-holdersin cash

Dollars

4,077

518

Amountof claimsproved

Dollars438,537102,857598, 755

3, 634,943422, 271611, 915300,341668,738994,197938,406130, 951130,888686, 44887,318

260,4841, 591, 316

43,070317,122159,982110,128254, 637245, 456839, 396

1, 464, 843707,816351, 219439, 934

2, 912,063194, 275158,23085, 81687, 054

3, 259,9857,379

329, 51275, 514

316,81478,119

263,1702,187, 791

103, 571102, 88488, 461

217, 818152,104281, 688

1, 603, 72872, 812

141, 235151, 692100, 00010, 290

138,084128, 45675, 777

1, 228, 731

532,088336,273

364, 283

Divi-dends(per-cent)

45238.55

486562.558405861. 667554767.5401020608565817553. 3333260503530

3 6033.5752557

558015

9022.545

27.7855

10064806517.5167.5

100531037.530

4218

65

Interestdivi-dends(per-cent)

3.87

Date finallyclosed or

restored tosolvency

Aug. 1,1934

Oct. 3,1934

Sept. 13,1934

Feb. 9,1934Aug. 10,1934

196419661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199619971998199920002001

20022003200420052007200820092010201120122013201420152016201720182019202020222023

202420?520262027

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

Page 395: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

20282030

203120322033203420352036203720382039204020412042204320442045

204620472048204920502051

2052205320542055

2056

2057

2058

20592060

2061

206220632064

206520662067

2068

2070207120722073

207420752076

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

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Page 396: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars49,649

74,213117,59433,3477,254

Dollars9,860

22, 265

23, 66714,7139,28814,515

1,607,978197,68176,46888,5841,318

46,01471,8222,61579,319

1,240,980

93,6618,79411, 621124,01653,420229,865

115,89411,10627,015

781

678,874

22,859

4,50395, 538

103,750

9,502166, 227107, 652

274, 42358, 573153,090

86,600

73,753

9,2783,1247,86522,546

13,83513,801

506, 203

134,11543, 095

1013,953

29, 76012,83614,0748,799

120,390321,580

19,68336,7242,37422,58652, 255131, 375

8,06697,04514, 28439,550

18,802

114,880

63,884

23, 52517,383

17,926

75, 88425, 289133, 491

69,17431, 59812,405

27,653

287,440

102, 63319, 62810, 6683,767

7,38185,454622,681

Dollar,25,000100,000

100,0Q060,00025,00050,000300,000450,00050,00040,000100,00025,00050,000150,00040,000200,000

2,800,000

50,000200,00025,00050,00050, 000300,000

35,000200,00050, 000175,000

25,000

100,000

300, 000

25,000200,000

150,000

200,000150,000300,000

100,000100, 000250, 000

200,000

1,000,000

50, 00050,00025,00075,000

50,000100,000500,000

Dollars294,734831,324

769,811496, 546230,961643,599300,000

7,458,971832,821285,944349,396510,651561,484

2,128,496394,565

1,853,89120,057,213

405,2432,138, 525168,996714,327689, 614

3,086, 220

199, 5341,455, 777675, 549

1,097, 396

377,093

1,942,789

2, 523, 283

152, 5411,540, 222

886, 592

1,039, 2921,334, 5862, 630, 212

1, 205, 272659,191

1, 233,665

583,766

8, 568, 682968, 563351,334256,289383,254

147,3621, 234, 6364,677,139

Dollars100,827193,191

339,353182,10670,346200,944

3,180,190212,37869,07038,930172,346166,727

1,101,353177,732782,705

9, 811,123

26,460919,80961,364277,865182, 011

1, 031, 711

73, 608497, 284417, 868146, 694

237, 565

747,980

825, 787

54, 876479, 820

268,022470,542778, 679

351,117297, 645309,805

118, 911

3,059,239

335,13297,44293, 725150, 525

6,902393,462989,462

Dollars5,07942,154

30,7988,59514,4-628, 767178,606141,98129,5378,50029,2647,86230,174115,24314,913105,132

1,010,584

10,68228,80318,75026,14018,71853,429

18,933134, 25425, 23239,520

5,068

50, 598

82, 613

6,56448, 217

46,762

34, 76243, 622108,467

56, 48657,93284, 354

Dollars4,083

Dollars

135,725

29,5188,0706,871

25, 614

42,60081,934

308,409

26,187!11,992;3,808

14,1872,784

151,43110,7175,6811,39518, 79311, 62251, 02714,00449, 663

388, 516

2, 55149, 2853.48419,4116,083

65, 306

6,36326, 22414,11918,469

81, 965

75,469

2,81147,426

11, 289

30,19033,01726, 304

23, 44314,99332, 544

5,001

262, 219

21,1306,0924,96711,133

89, 000

32/900

Dollar,9,97922,166

51,9205,6442,131

46, 966

91, 4006,700

14,200

473,000

37, 500

49, 60044,00022, 600

13, 2007,50062,100

1,400

125,800

42, 20028,800'52,000

173, 50014, 300

277,100

9,4008,000

6,39464, 399 11,00065,8421 264,700

483,15614,130

129

2,46219,023

128,60514,13476,199992,860

4,87,03642, 654150,771

9,58447,3356,448

21, 298

10,075

79,727

74,044

9,31331,631

9,398

30,16568, 60896, 619

45, 76117, 210

47, 888

6,355

91,362

45,88511,1711,1527,4426,755

187, 241

20282030

203120322033203420352036203720382039204020412042204320442045

204620472048204920502051

2052205320542055

2056

2057

2058

20592060

2061

206220632064

206520662067

2068

2069

2070207120722073

207420752076

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Page 397: Annual Report of the Comptroller of the Currency 1934

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

20282030

2031

2033203420352036203720382039204020412042204320442045

204620472048204920502051

2052205320542055

2056

2057

2058

20592060

2061

206220632064

206520662067

2068

2069

2070207120722073

207420752076

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars119,968375,180

448,258208,33790,771

323, 764181,390

4,048,158273,462

83, 38069, 589

215, 663227, 546

1,396, 228220, 783

1, 013, 69912, 676,083

39, 6931,064, 263

88,483460, 052293,466

1, 323, 817

108, 488718, 297471,167288,081

263,804

960,270

1,183,713

73, 564607,094

235, 537

405,339644, 589

1,062,069

650,307402,080474, 591

130,267

3,825,645

431, 665122,775116,115202,714

62,651550,795

1,815,654

Loss onassets com-poundedor soldunder

order ofcourt

Dollars

118,424

69,53342,010

2,172• 55,618

947,61825,908

1,067112,89944,000

316,80147,948

126, 7941,137, 428

328, 783475, 900

38, 03515, 69510,845

289,131

17, 23266,01173, 24726,524

50,190

135, 568

314,077

1,10853,387

73,733

27,35471, 566

565,444

45, 822135, 60899,684

65,888

1,067,123

91,84929,78744, 58117,766

17,68978, 536

Book valueof remain-ing uncol-

lectedassets

Dollars158,928397,543

209,005206,786131, 312290,071

2,398,007530,405176,745209,399197,944281,734431, 737114, 751668,193

5, 315,802

513,95039,712

283,731404,104

1,314,607

64,110645,147127,986727,880

54,263

879, 514

1,009,375

62,244775,384

485,373

513, 751573,870889,470

662, 572108,728526,288

192,612

3,350,958

445,697162,93491,831

132, 521

83,705723,485

2,921,900

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars19,92157,846

69,20251,40510,51421,233

121,394308,01920,46331,50070, 73617,13819,82634, 75725,08794,868

1,789,416

39,318171,197

6,25023,86031,282

246, 571

16,06765,74624,768

135,480

19,932

49,402

217,387

18,436151,783

103,238

165, 238106,378191, 533

43,51442,068

165,646

200,000

864 275

20,48241,93018,12949,386

7,40018,066

191,591

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars3,865

12,091

18,73611,2286,0637,029

13,6895,035

6,555

22

7,4367,8342,793

81,753

14,250

52,48528,142

13,59112,227

156,853

On un-securedclaims

Dollars12,124

199,757

96,35715,9527,558

123,942141,000

1,038,15170,5269,287

38,181156, 53183,714

848,494126,762

8 530,7403,907,837

4121,36342,056

241,73848,475

119,112

49,797354,489164,166

67,242

396,436

167,229

39,040125, 538

99,301

247,951199,966458,355

191,258174,13091,062

68,227

969,945

170,74533,70449,41579,298

40,36173,061

468,435

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 398: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tectionof assets

Conser-vators'

penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amounreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars83,689

127,782

261,080159,062

155,9122

2,848,143146,19157, 6198,96740,970111,260416,19669,050371,048

8,-418, 389

28,647888,27533,321146, 572208, 581

1, 064, 968

37, 506321, 939273, 568235, 723

181,126

375, 514

908,533

15,777333,577

55,378

106,231392,248522,914

340,323171,457341, 524

26,638

2,620,005

210,77560,93356, 676

100,877

Dollars550

11, 6484035

13, 9863,60420,17411, 775

137

Dollars

2136176

1,5761,0112,145

8,107

37,8653, 428

52,341

1131,0008,1721,761

1,525

10,352

12,124

62162, 527

200

6,3341,0264,522

12, 3435,763

338

33,189

7,141200

766,774

Dollars17, 64528,305

24,19915, 3058,259

18, 2583,418

114, 26828,8068,74315,14415, 33218, 69043, 67913,15041,072

244, 714

2,26527,9078,404

23, 31727, 76572, 920

8,11834, 70118, 27646, 757

11, 526

435,2961,091,134

4,9611,646

81, 254

12,18252, 940

33,491

38,06542, 30348,014

45, 31219,14831, 569

15,466

163, 215

22, 26010, 3238,125

11, 446

2,46127, 78880,336

Dollars2,0956,609

36, 2386,750

11, 9734,637

34, 36627, 4222,4752, 5597,2972,8287,191

87, 68310, 245

Dollars

102, 976

1,34110, 777

1,90910, 5605,217

14, 476

12, 9546,1686,9853,840

2,385

55, 517

14, 573

5, 94418, 262

47,1

6,7589,046

28, 264

8,5863,44010,098

19,936

39, 291

7,1535,3881,8234, 319

9,17,250

Dollars159, 984429,166

258, 684255, 569125, 238348, 966300,000

3, 278,485612,240165,16850, 908347,847304, 611

1, 212,154230, 595886, 780

5, 211, 710

297, 611561,73281, 397402,896323,191

1,191, 566

86,158580, 645273, 681399, 702

122, 459

836, 317

66, 384736,723

154, 016

413, 201570, 523

1, 221, 965

232,006

287, 761

85, 283

3, 233,150463, 848134, 552130, 040122,096

51,820104,373

1,969,781

1049

37101036. 6674731. 667158754527.570556075

2.52351. 667601510

58. 3336160

55

45

20

57.519

64

603537.5

357532

80

30

36. 667253865

76.157030

20282030

203120322033203420352036203720382039204020412042204320442045

204620472048204920502051

2052205320542055

2056

2057

2058

20592060

2061

206220632064

206520662067

2068

2069

2070207120722073

207420752076

106093—35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 399: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

2077

20782079208020812082208320842085

2088208920902091209220932094

20952096209720982099210021012102210321042105210621072108

21092110211121122113211421152116211721182119

212021212122212321242125212621272128

21292130213121322133

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

1 do._do

70,000600,000

40, 000 Aug,60,00035, 000 Aug,

100,50,00050,

do

13,1932do.15,1932

50, 000 Aug. 20,1932"1,000 Aug. 22,1932

~ ~ _do1, 000 Aug. 24,1932

50,000 Aug. 29,1932200,000 Sept. 7,1932

50,000 Sept. 12,193225,000 do.

30,800,

25,000 Sept. 16,, 1932~ 000 Sept. 20,1932

000 Sept. 22,1932

Dollars908, .68

64,93859,259275,80211,922110,82865,18190,220861,634223,328

142,68677,906450,80438,023476, 534

1,209,680162,365

1,668,!346,88343,415280,735122,17231,240347,970123,965126,90946,032272,240252,10969,903468,114

50,84670,655

1,539,386155,202178,30953,6786,73911,056

200

46, 786113,344101, 431122,020130,09478,637

68, 667

156, 32864,17641, 28419,9813,612

Dollars3,145,838

340,676146,493496,669149,842222,191225,954434,243

2,067,7101,151,328

144,860304,363

1,403,627292,937

1,088,0643,609,9391,116,310

3,929,873682,503284,333224,466145,559260,933464,300191,630178,764254,423311, 230408,194152,591694,924

172, 529256,435193,613886,087

1,843,020314,474377,93777,942201, 536196,850439,166

96, 572155, 528167, 693384, 855564, 87090, 913

505,930

641, 57782, 73597,648124,168390,279

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 400: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Total

meatuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-

Lgs, cashcollec-

tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars795,364

31,4631,416

11,442

1,11033,543117,765394,575194,884

76,63085,452

834,55563,950193,433245,176

240,981292,375159,69435,0222,241

80, 76743,230100.874152,196288.875

55,70284,88323,996

36,72783,39128,066616,544809,51729,11979,74910,860

845,9043,151

6,81763,38740,7208,526

107,03023,284

Dollars453,050

27,32518,9558,18818,57416,211237,39931,21927,89623,747

40,97616,49254,00842,909

138,47653, 216

120,05142,80811,14268, 78277,!" "1,146

52,02888,56639,593160,4704,508

108,20462,71940,480

4,15217,30914,741

360, 50421,96553,492

2,68557,99947, 286

229

16,40121,04010,90828,76430,085

800

Dollars600,000

40,00026,00076,00025,00050,000100,00025,000200,000200,000

50,00050,00075,00075,000150,000500,000150,000

400,000200,000100,00050,00025,000150,00025,000100,00050,000250,00050,00050,00030,000125,000

50,00030,00050,000375,000400,00050,00050,00025,000

300 00070,000600,000

40,00060,00035,00050,000100,00050,000

Dollan5,902,820

604,402251,128867,101205,338400,340662,077698,447

3, 651,8151,793,287

455,152534, 213

1,983,447483,424

1,788,5365,651, 5281,727,067

6,359, 7351,564,569

659,005372,910524,086932,528605,035547,462999,800637,978874,209400,096

1,352, 514

314,254457, 790353,354

3,777,5213,229,704625,394630,248123, 226

1,416,495317,487

1,039,395

206, 576413, 299355,752594,165932,079243,634

Dollars1,702,525

126,847177,, 610222,68047,867143,354134,909157,230

1,520,639921,750

180,403150,258

1,010,427168,564873,044

2,446, 236491,379

2,822,010405,42663,340

329,562116, 61861,714423,111133,737119, 669173,144

108,963451,044

63,27691,96793, 550

1, 276, 734533,704264,803260,06013,857166,72525,3402,197

78, 680133,065145,781313,623317, 65545,204

Dollars103,291

20,80112,27032,11910,70832,7317,33210,043183,16249, 294

16,40626, 58922, 26043, 279144, 234417, 46087, 641

163,157119,363

15̂ 31011, 77899,5111,90058,20013,19584,08010,2002,247

18, 05871,320

11,0681,614

18,83333, 861

222,70531, 5556,0003,775

107, 01535, 587

118,342

18, 66935, 2734,249

26,47526, 0728,435

Dollar75,038

14,1874,57411,9452,2398,2635,9106,64982,85976,043

12,16911, 75680,1636,75136,808125, 51247,127

124, 67644,9182,82111,8878,5228,19421, 7717,2583,9468,37817,06714,5337,553

25, 570

3,4488,15510,28583,30428,12717,37316,7691,4958,2082,9591,142

3,5017,16314, 57213,15217, 6462,029

Dollars73,500

80,300

5, 50015,90093,300

164,00082,000

8,300

27, 6008,400

11,000437,100139,000

102, 800

9,80020,400

23, 700107,000

16,000

106,700

10, 80014,90030, 500

Dollars483, 504

8,2397,789

36,1005,277

25,70412, 74343,422

217,43259, 761

13, 36217, 57656,3026,25195,337253,16448, 711

389,32033,404

8530,09415,4153,68579,46211, 41922,134

18537,16856,10738, 74450,718

4,58914,408

6,500

1,800

141,872

11,3936,123535

788

7,46416,1855,688

30, 38033, 8831,218

2077

2078207.9208020812082

20852086

20902091209220932094

20952096209720982099210021012102210321042105210621072108

21092110211121122113211421152116211721182119

212021212122212321242125212621272128

21292130213121322133

191,888 6,258 50,000 822,743 331,336 9,000 22,912 19,600 22,972

60,91810,84347,1031,334

475,155

69,405809

24,9046,128

246,342

50,00025,00025,00030,000800,000

978, 228183,563235,939181,611

1,915,388

226,04272,91875, 26949,38462,989

2,8754,7413,869

124371,810

12, 3776,4413,9751,881

14,541

4,30022, 9343,3246,6154,9962,430

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

Page 401: Annual Report of the Comptroller of the Currency 1934

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

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Loss onassets com-poundedor soldunder

order ofcourt

Book valueof remain-ing uncol-

lectedassets

Bookvalue ofremain-ing un-

collectedstock as-sessment

Conservators'distributions

Bookvalue ofassets

returnedto share-holders'agents

To se-cured

creditors

To un-securedcreditors

Dividends paidby receivers

On se-curedclaims

On un-securedclaims

2077

207820792080208120822083208420852086

2088208920902091209220932094

20952096209720982099210021012102210321042105210621072108

21092110211121122113211421152116211721182119

212021212122212321242125212621272128

21292130213121322133

Dollars2,437,858

170,074202, 243383,14466,091

215, 552176, 794310,644

2,168, 0921,188,848

230, 640206,179

1,196, 752233, 245

1,160, 4233, 679,472

813,858

3,601,963603, 111

71, 245396,653172, 733173,104526, 244210, 614182, 644372,787408, 794361,565173,318705, 352

82, 381126,944144, 428

1, 566, 271784, 536325,124295,452

19, 662281,948

64, 674121, 681

108,314191, 686170, 290383, 630395, 25658, 686

Dollars127,927

32,37726, 27814, 31916,50948,88022,61646,881

121,961165, 637

16,00995, 479

414, 51687,308

320, 371349, 778

59,897

511,81351,4405,686

76, 5092,528

16,82319,54343,46527,93438,24093, 38768,85218, 25075,812

9,06215,51625, 262

122,8611,723

57,184130,958

2,40055,0145,400

8,6527,733

21,70057, 54476,9189,646

Dollars2,988,864

296.93914,451

519,002110, 685132, 402391,809425,914

1,491, 783446,139

195,378220,900427, 202146,301349,784

2,102,350977,080

2, 236, 592874,299429,473172,840213,349291,864385,412316,414327,725538, 231129, 064410, 572204,139649.940

187,327305,899177, 682

1, 861,0542, 294, 277242,014183,10781, 434

894, 756215,959437,198

71, 780196, 316147,583142, 618403, 623137, 566

Dollars496,709

19,19912, 73042, 88114, 29217, 26992, 66814,95716, 838150,706

33, 59423, 41152,74031,7215,766

82, 54062,359

236,84380, 63795,00134, 69013, 22250, 48923,10041,80036, 805165,92039, 80047,75311,94253, 680

38,93228,38631,167341,139177, 29518, 44544,00021, 225192,98534,413481, 658

21,33124, 72730, 75123, 52573,92841, 565

Dollars Dollars Dollars Dollars

10,7463, 225

3, 331

13, 24230,16566, 849

21, 51029,079

209

205

98,336

Dollars487,085

39,30959, 638192,52026,66160,14267, 36385, 991

1,185,852486, 503

17,36888,038848,72195,752713,798

1,763, 372372,969

81, 628, 419217,988

16,09493, 2276,64119, 4374,009

215,778

109, 49146, 259

5154, 27153, 330

,'57,125

269,877

4,99048, 708

50,878306,364

6,030

33, 877209,109

16,85864,945

506, 593

210, 097166, 676

41, 87629,85880,308

2,7732,762

165, 2203, 697

66,938101,05653,095152, 225

7,040

"248," 274405,820 92, 214 326, 221 41,000

264, 22891,72489, 72856,385

451, 770

71,031

30,37521, 03622,025

608,22182,32198,68076,195

1, 027,944

47,12520, 25921,13129,876

428,190

9,3477,1612,936

65,73416,60010,047

349,396 1,532

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 402: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tectionof assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars1,778,172

85,040122,296162,063

19,906138, 75783,399

180,134667, 614548, 736

155,90152,154

311,211111,871401, 262

1, 758, 996344, 067

1,828, 296239,06564,979

254,93682, 74366, 017

292, 86590, 74481, 979

108, 370111,313164,46694,951

313,652

51,20284, 77844,018

945,978550,92290,3i:

102, 59713, 22213,18728,268

Dollars Dollars

20332

3,062136

123,1654,724

95, 3187,651

1,950122698

3,048

40, 89443, 072

11, 5975,241

751,413

855252

6,56510, 92830, 5012,098

1691,0551,116

1,41912,8641,8302,962

5,170108

46, 276

26,85858, 29794, 548197,130195, 24634,980

3431412

3001,432

124,453 4,603

Dollars123,654

15, 8447,043

22,4645,636

13,49118,99723, 401

110,49555,986

23, 79611,75928,37715,88834,43881, 03336,491

95,38539,1574,541

22, 37621,8159,107

22, 61114, 01618, 96213, 59919,41023, 24810,29726,115

10,93715, 93"14, 65466,97318,44617,48812,8863,93914,4133,9965,230

9,17418,03216, 77617,31916, 7348,964

Dollars45,059

19,1159,7093,035

10,4213,1503,8703,151

78, 64823,123

10,11525,0277,5366,68610,92535,17717,054

38, 2663,3241,7259,7754,4093,89349,60426, 5229,6414,5396,096

173,68211,149,397

20, 2421,9227,94"11,0203,0977,2268,1232,393

166,1962,552

36,143

5,34411,1853,095

16,9417, 7562,573

Dollars

24,666 3,824

Dollars2,185,105

333, 698119, 277544,179109, 375133,649123, 211464, 252

2,190,922778, 613

216, 678360, 406

1, 381,021168, 975927,040

2, 713,1521, 016, 703

3, 392, 490678,946

22.5

155035.52845562555.568. 3333

1832.561.56. 666:776536.6667

8 4845

213,904187, 473194, 381362,990227, 309292, 874412, 564380,119519,206239,444710,268

51. 33332546.542.528. 333319.552.371

21.2550

119,317,185,

1, 521,2,146,328,370,54,

570,199,

5, 353,

73533. 33339.56445

91,703249, 205161, 602253,865501,950119,864

7.5151.5

7340336033

496, 54; 50Feb. 19,1934

2077

20782079208020812082208320842085

20902091209220932094

20952096209720982099210021012102210321042105210621072108

21092110211121122113211421152116211721182119

212021212122212321242125212621272128

21292130213121322133

157,60154,55550,33944,48263,391

113

1,25226670

22, 5708,55411, lOt

14,040

8,8634,85114,0505,546

'22,741

600,97971, 563103,29347,710480,724

12.53010

73

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

Page 403: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

213421352136213721382139214021412142214321442145214621472148214921502151215221532154215521562157215821602161216221632164

21652166216721682169217021712172217321742175217621772178

2179218021812182218321842185218621872188218921902191219221932194

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

Dollars50,000 Sept.50,000.

. .22,1932do

25,000 Sept. 23,1932do.50,000

25,000 Sept.200,000.

000 O

30,00025,000

200,00040,00030,000

200,000200,000100,00035,00050,00025,00075,00050,00025,00040,00025,00050,00025,00025,00025,000

100,000300,000100,250,000

400,00025,00025,00040,00025,000

100,000600,000100,00025,00025,000

500,000150,00025,000

200,000

25,00025,000

300,000150,00050,000

120,00050,000

600,00050,000

100,000

. 24,1932do

Sept. 26,1932Sept. 27,1932Oct. 1,1932Oct. 3,1932

do____do

Oct. 5,193Oct. 6,193Oct. 8,193- . . d o

Oct. 10,193do

Oct. 11,1932

Oct." 12",T932Oct. 18,1932

do.Oct. 20,1932

doOct. 22,1932Oct. 24,1932. . . .do»ct. 25,1932

do—

Dollars704

50,55'26,80432,60628, 658

206, 26578,45527,1067,672

35,86'58, 486

160,603130, 03:145, 749165, 95546,17033, 368

170, 9232,344

'" "167,"85433, 682

122, 87827,14251, 23240, 387

Dollars71,144

112, 254285,530105, 342

70, 5731,093,224

285,64688,927

269,840193,410167,993957,864947, 336321,802139,143108, 258

96, 730373,854

27, 37639,905

188, 283112, 056399,314

92, 055163, 809

64, 542

112, 254 362,97232, 864

Oct. 27,1932Oct.2 8,1932Nov. 1,1932Nov. 3,1932. . . . d oNov. 4,1932Nov. 14,1932

do.do.do

STov. 15,1932do

....dodo

NTov. 18,1932dodo

NTov. 21,1932do.do

27,71830,876109,68688,499148,986

2,948,789168,62376,09417/248

2,185, 624524,67926,017101,854

64,807111, 698228, 3151,84766,243

.do.

doNov. 30,1932

25; 000 Dec. 1,1932....do

do

1,426,27943,54872,945

125,00025,00025,000 Dec. 2,1932

.do.25,00025,000 Dec. 8,1932

263,75714,12783,81215,87096,474

180,075108,887276, 616231,042401, 543

8,739,428394,20996,13296, 613

4,841,8001, 531,132

68, 427934, 347

248,113686,235

1,904, 310346, 27976,529

20,0003,994,537111, 614527, 79217,400707,34161,48627,051131,430128,788

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 404: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-

holders

Total assetsand stockassessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earnings, cash

tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars75,16818,001

31,1988,565

290,45515,30011,081246,26527,56418,855

490,473470,29959,59648,88313,40144,21719,23631,127

Dollar,105

2,12010,3112,027

911238,642

39313,797

1,7572,1557,942

123,915161, 22625,322

7,63316,7714,335

34,4545,502

15,78023, 6143,273

26,42742,141

7,160

221, 667465,372

49, 58626,14434,388

23665,781

1, 728, 560104,893

11,74112,92C

1,001,23890, 33325, 395

435,079

1,821873, 720118, 77428, 701

1,679,82033, 725101,414

130,8765,36216, 5923,65917,780

20,44711,34166, 73616,1527,0588,848

35089, 75057,056

1,9462,03758,7617,68221,412561,7864,r635

3,598187,14593,1372,43158,984

49,9897,521

365, 397

1,000

121, 79824,60914, 30532,86229,95522,8409,5194,75518,275

Dollars50,00050,00025,00050,00025,000

200,00030,00025,000

200,00040,00030,000

200,000100,000100,00035,00050,00025,00075,00050,00025,00040,00025,00050,00025,00025,00025,000

100,000300,000100,000250,000

400,00025,00025,00040,00025,000

100,000600,000100,000

25,00025,000

500,000150,00025,000

200,000

25,00025,000

300,000150,00050,000

50,000500,00050,000

100,00025,000

125,00025,00025,00025,00025,000

Dollars197,121232,932347, 645221,173133,707

2,028,586409, 794165,911725,534298,996283,276

1,932,8551,808,893652,469396, 614234, 600203,650673,467116.34964,905

372, 364205,693642, 201186,776289,240145,937100,000300.350

805,292

400,000284,325192,944519,451352,459737,722

14, 578,563772, 573209, 602155,379

8, 715, 8072, 389, 281

147,2701, 730, 264

387,909832,275

3,671, 742616,900222, 511

1,00070,000

7, 722,434263,496816,456

75,2621, 256,929

128,815161,974180,714286,317

Dollars8,532

42,261157,429

71, 57148,153

405,023181,701

45, 27133,620

106, 20050,306

771, 292322,403182,831104,43359,48335,548

226,76323, 66912, 255

148,72742,387

138,91739,16659,62765, 362

350275, 77926,057

88, 79543,396

179,565174,077278,410

4,756,526268,992104,162

45, 4993, 468,1091, 054,228

48, 111464,455

112,899448, 268483,345

10,65360,458

1,0002,169

2, 756, 62678, 736

250,1891,212

279,39925,51593,13981,771

109,701

Dollars7,119

18,53221,939

38,3917,000

10055,83423,824

1,750128,94061,55033, 23014, 60118,124

50025,97616,85018, 0388,1045,436

28,1315,867

11,4997,2821,550

70,85425, 261

192,010

281, 9763,636

1009,358

17,15662, 338

420,12733, 5442,600

Dollars132

2,3538,1085,9432,388

20, 2658,0345,2456,2523,5989,444

34,09712,6918,5434,9222,4074,10,0182,7206,8768,7484,70720,6501,7714,0355,127

71,791

16, 2621,049

5,4167 , r • •

2,703

Dollars

23,700

"95,166

13, 500

~~6,~366

20,1008,100

30,000

Dollars<

7,0963,5993,180

34129, 72914,387

1,7345,251

31,491869

148,78336, 78323,72914,3631,7931,777

17,878

10,900

5,2009,900

6,800

11, 500

302,3212,9002,613

122,469

9,72025,000130,28071,06733,423

8,48710,051

352, 27321,0364,752630

184,87161, 5482,38118,818

6,46919,80039, 5122,1754,430

15, 90016,200

534,800

464, 200116, 300

23, 26881, 23014,48132,46010,94573,6822,34012,900

5741,100

11778, 3512,56016,883

26524, 734

6714,7525,33011,929

127,400

11,100

"86," 700

29412,19110,12824,5333,5405,1275,733

18, 572

8,0441,39113,0045,1756,563

809, 58226, 3135,8182,331

355, 748126, 5856,048

134,941

25,13720,84724, 266

269, 7239,81622,728

34,601

213421352136213721382139214021412142214321442145214621472148214921502151215221532154215521562157215821602161216221632164

21652166216721682169217021712172217321742175217621772178

217921802181218221832184218521862187218821892190

308 219110,538 21926,092 21935,719, 2194

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

Page 405: Annual Report of the Comptroller of the Currency 1934

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

213421352136213721382139214021412142214321442145214621472148214921502151215221532154215521562157215821602161216221632164

21652166216721682169217021712172217321742175217621772178

2179218021812182218321842185218621872188218921902191219221932194

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom all .sources,

includingoffsets al-

lowed andunpaidbalanceR. F. C.

loan

Dollars15,79255,400

211, 368102, 63350,882

588,808211,122

52, 350100,957178,61362, 369

1,089,412433,427248, 333158,41989,90742,113

310, 63543,23937,463

177, 77062, 658

223,13150, 34485, 48893,404

1,55772,995

342, 674219,116

287,392119,84147,590

226,808221,095357,362

6,873,308349,885117,33248,460

4, 775,2491, 361, 561

59,153740,683

154, 225513,915677,40383,89598 316

1,00025,554

3,313,330105,593333,360

12,422499,116

28,834121,32993,767

128,449

Loss onassets com-poundedor soldunder

order ofcourt

Dollars10,95030,51650,95110, 942

266,73841,089

7358,790

38,3927,469

93,19231,33317,48129, 65823,0036,021

40,19242, 680

2395,4706,475

70,3322,9018,2445,778

66,989529, 235

7,52228,03528,10260, 66560,415

920,12538,2775,3342,727

972,24153,504

68148,051

2,999291,774

3,455100,450

114

888,3399,314

40,798

7,5262,461

12,44312,7753,517

Book valueof remain-ing uncol-

lectedassets

Dollars127,630103,059110,66685,48060, 213

1,127,096142, 61793,171

477,87382,913

194, 632719,588

1, 318,374328,428213,160100,321135,304313,634

27,117165,976121,703358,419116,169191, 24244,064

425,303

154,96495,122

258,78087,542

292,3347,492,330

338,99169,28879,822

3,419,7091,004,964

67,430882,817

221,87446,386

2,860,676355,797111 934

17,8313, 307, 746

115,630402,741

49,050810,403

75, 53120,85455,076

142,380

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars42,88146,310

6,46828,06125,000

161,60923,00024,900

144,16616,17628, 25071,06038,45066, 77020,39931,87624,50049,02433,1506,962

31,89619, 56421,86919,13313,50117, 71898,450

229,14674, 73957,990

118,02421,3642,4,90030,642

7,84437,662

179,87366,45622,40025,000

197,679147,10022,38777,531

15,280

169,72078,93316,577

26,732418,770

35, 51967,54014,05551,31822,66012,10024,42623,900

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

To un-secured

creditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

1,677

7,469

6,166

45, 68511,427

19,38329,0298,201

11,9062.569

13,48115,7378,3752,079

24r 319

29,38639, 559

2,455

8, 533

30,267

24,1853,003

38,20494,661

3,828

11,883

59,73331,068

8,3736,371

17,8201,836

9,0217,098

On un-securedclaims

Dollars

9,052118,860

9,038

345,787104,429

46, 201

226,95234,69236,01845, 54036,893

170,920

10,9825,371

81,790

37,64756,788

40128,62678, 245

142, 298

277,05819,494

93,337112,65690, 024

8 3,995,19711,33149,22518,707

1,704,672378,151

32,52762,748

43,293386,953

15,694303,753

21,379100,588

8,111145,988

65161,47712,02613,435

Footnotes at end of table, pp. 448 and 449.

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

Page 406: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tection

of assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars7,560

34,47382, 75069,28046,940

188,18779,14042,41942, 551

112, 63454, 268

790,696236, 510121,933

80, 77939,41935, 747

116, 37127, 65519,258

137,04139, 98392,03131,40837,93621,878

Dollars1,000

267

Dollars

205,38426,057

82, 78237, 515

101, 52391,971

195,0472,639,829

256,379

10,8652,871,632

812,77716,930

487,634

61,60977,447

427,10811,94364,832

2,899,27461,440

200,835

269,01423, 27335,97659,119

1,371192

2,283430

855,104

66,0241,5471,505

13427

358

2,132878

1,111386

15

2,817

7,164

1,1392,9163,372

212

4,860583304

18525

17,856

38, 33413725

19, 233

2,725212

34

Dollars1,7868,1456,895

11,0282,633

30,46513, 2234,8247,3916,5665,915

29,69331,10419,90111, 5029,3545,474

17, 7992,103

60912, 89110, 53719,0936,6007,6248,0301,1157,73813, 6862,922

4,2599,8905,16213, 33211,92119,307188,45117,6996,1303,72277,69552,9406,138

41, 774

11,39714,59546,948

1,7471,0002,977

59,9557,603

17,4502,022

35,270

7,10,4097,262

Dollars5,4462,0512,7965,8181,309

16,83214,1382,8244,9001,7852,101

17, 58436,06860,7337,1871,538

8655,187

Dollars Dollars

1,8598,4812,5565,020

11,2251,8956,693

4136, 63115,0608,280

6,0752,4034,9132,9194,547

21, 57846, 91536,91910, 03415,15478,18622,4493,254

144, 656

25,85834,895185,4919,523

6,88312,0146,6618,0912,28911, 791

8813,3152,98011,054

85,825192, 74576,72866, 065

1,173,175238, 74080, 997304, 56592, 504181,188572, 086983,448355,009185, 37969,800131, 279369, 60350,92571, 534174,072101, 675385,82863, 915188,46281,126

834301, 327403, 670284,597

401, 533157,02396, 076234,063187, 762310,199

7,987, 572315, 55087,05374,585

3,419,0981, 283,869

69, 209663,131

230, 591644,471

2, 214, 223198,459172, 602

12.561. 666720

3044

1548.5

43712.527.553

4626.47222107.527.5

2070509.52566.5

6914

406038'501060255031. 66674710

2460

3018

26,1563,039, 796

74,726359, 24727,038633,68749, 75366,82374, 703172,300

6010352830235922712.5

Sept. 21,1934

Sept. 3,1934

213421352136213721382139214021412142214321442145214621472148214921502151215221532154215521562157215821602161216221632164

21652166216721682169217021712172217321742175217621772178

2179218021812182218321842185218621872188218921902191219221932194

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

Page 407: Annual Report of the Comptroller of the Currency 1934

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

2195219621972198

2199220022012202220322042205220622072208

220922102211221222132214221522162217221822192220

22212222222322242225222622272228222922302231223222332234223522362237223822392240

224122422243224422452246224722482249

22502251

Name and location of banks

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

Capitalstock atdate offailure

Dollars700,000 Dec. 9,1932200,000 Dec. 10,193250,000 Dec. 12,1932

800,000 Dec. 13,1932

100,000 Dec. 16,193225,000 do60,000 Dec. 19,193225,000 Dec 22,193250,000 do150,00050,000 bee. 27,193265,000 do35,000 Dec. 28,193250,000 Dec. 29,1932

50,000

100,00040,000250,00050,000 Jan30,00025,000 Jan50,000200,000300,000loo.ooo.—

2,000,000 Jan100,00050,00030,000 Jan

2,000,00025,50,000

100,000 Jan100,600,000

Date re-ceiver ap-pointed

.do.50,00050,000 do100,000 bee. 30,193250,000 do25,000 do

100,000 bee. 31,1932_do_

150,000 Jan. 3,1933-Uan. 4,1933

do>, 000 Jan. 5,1933

.do

25,25,00030,00050,000

125,000 Jan. 10,193325,000 . . . do55,00050,000 Jan40,00060,00050,00025,000

_do. 12,1933-do-do_-do__do_

200,000 Jan. 13,1933*". '"" do^40,000 Jan. 16,1933

_do17,1933

.do19,1933

.dodd o -

.do

.do20,1933

_do_-do_

21,1933—do

000 Jan. 24,1933—do

25,1933000 Jan. 27,1933

_._do

200,000 __—do~25,000 Jan. 30,1933

Book valueof assets

at date offailure,

estimatedgood

Dollars1,845,078

600, 704

65,443

79, 22514,24918,187

125,449142, 38534,339122,94721,469120, 712

162,98916,913148,27119, 77467, 39554, 679320,832

1,112,46737,63833,15454, 27592, 752

534, 56818,645110,02661,06041, 569229, 349114, 52379,818

391, 251171, 23599,304258,809255, 713173,46458,379211,073

465,768246, 581

157, 24111,1811,230

6, 667,08533, 324151, 691317, 302155,748477,010

60,961

Book valueof assets

at date offailure,

estimateddoubtful

Dollars4,171,2031,123, 539

1, 783,190

640,404109,020130,654

326,9201,331,163273,714237, 38284,291368,666

453, 437248, 862259,615248, 67134,693

1, 352,824730,967

1, 535, 644170, 06684, 44272, 967

230, 770

901, 269105, 638369, 263206, 657240, 369396,465555,914272, 773

1,311,887625, 357171, 810

3,193, 514330,782141, 56485,377379,541

1,005, 3051, 209, 203

387,13263, 63641, 693

7,093,85863, 275

311,056874, 248366, 274

7, 790,442

138, 728Footnotes at end of table, pp. 448 and 449.

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

Page 408: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tional

receivedsince dateof failure

Total

mentuponshare-holders

Total assetsand stockassessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstock

ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars2,192,891

352,628

Dollars506,167248,203

1, 579, 742

2,7014,3458,435

3,992

29,87973,93012, 70289, 719

78,69743, 57132,83724, 65642, 691328, 790188, 58960,91521, 7324,91217, 63440, 761

155,44221,00859,81630, 23592, 540358,181155,19339,103

257,91726,87749, 744312,157

314

2,38046,430

52,03243,686

359, 516

5,4227,915

29,98140, 21746,92014, 25611, 08979,003

3,285245

31,1802,76710, 28081,899216, 26390,1305,643

34, 55617, 39023,861

104,17835, 63531, 95616, 98516, 79434, 99371,49821, 99432,00522,9469,360

117, 3952,2281,44717,048U, 103

50023,12272,850

Dollars700,000200,00050,000

800,000

100,00025,00050,00025,00050,000150,00050,00065,00035,00050,000

50,00050,000100,00050,00025,000100,00050,000150,00025,00025,00030,00050,000

125,00025,00055,00050,00040,00060,00050,00025, 000

200,000100,00040,000250,00050,00030,00025,00050,000

200,000300,000100,000

Dollars9,415,3392, 525,074

50,0004, 587,891

827, 752160, 529214,16225,000536, 342

1,690, 455434,852513, 515164, 551708,100

748,408359, 591571,903345, 868180,059

1, 918,1921, 506, 6512, 949,156260,079182,064192, 266438,144

1, 820, 457205,926626,061364, 937431, 272

1,078, 988947,128438, 688

2,193,060946, 415370, 218

4,131,875639,037346, 475188,184698,147200, 500

1,846,2271,672,320

Dollars1,762,189587,471

1, 299, 426

402, 68450, 54447, 558

232.161396, 611130, 710166,82943, 241259,911

321, 461134, 685155, 66347, 68279, 715510, 509431, 768

1, 292,861112, 31746,02449, 387122, 495

417, 62258,844232,975128,818104, 449287,985277,826212,840802,156305, 716154, 956

1, 012,472169.16283,00966, 748

308, 627501

848,656379,893

Dollars183,73635,82946, 241

146,083

31,0321,00015, 64620,10022, 625104,22324,14626,63122,20022, 387

20,61818,06431,0365,41612,85232, 89939,800128,0055,579

15, 46715, 353

50, 3053,79235,86315,01921, 5769,90034,36112,16852, 25761,171

1139,05122, 78011,92212, 22219,10495, 329101, 63738, 207

Dollars201, 28432, 733

18629,023

19, 3982,2621,878511

14, 21518, 436

3,42610, 462

14,1255,3349,9962,1405,56612, 61920,18255, 2468,228942

1,9759,645

Dollars

120,900

Dollars69,60289,294

11, 083

23, 5902,0363,168

104,900

16,000

46,800

13, 6005,200

89,00037, 300

3,700

4,0389,9926,4125,37019, 35312,88315, 29041, 03016,0497,303

27, 5276,0448,7083,25116,0951,482

53, 24128,923

14, 700

227, 5004,300

21, 50023, 90032,00018, 20012, 70053, 4004,700

78,1005,000

15, 79147, 2905,13826,2623,13014, 564

21, 6641,794

21,388389

5,10645, 79160, 653178, 4047,146686

8,3285,312

54, 205

13̂ 5158,33213, 53517, 72717, 5028,580

225, 69216, 3157,308

41, 47821, 3889,1704,34121, 476

113,600 93, 74749, 916

2195219621972198

2199220022012202220322042205220622072208

220922102211221222132214221522162217221822192220

22212222222322242225222622272228222922303231223222332234223522362237223822392240

224122422243224422452246224722482249

22502251

120, 49865,51343,928

1,963,8795,90352,191330,639210,567

2,820,837

39, 70527, 694

153,417161

29,16936,94854,963659, 517

24,080 31,360

100,00050,00030,000

2,000,00025,00050,000100,000100,000600,000

200,00025,000

804, 576218,024116,851

17,878,239127,663594,107

1,659,137887,552

12,347,806

200,000280,129

286,16640,383

7, 517,26543, 739257, 583512,003223, 529

1,991, 225

110,940

34, 70611,800

500934,1345,892

27, 65052, 26013,157199, 581

173,11711, 393

15,8623,252435

413, 5871,98110,02019, 56210, 294108,843

2,3315,145

19, 0827,1

2,100

156, 900

1, 626, 7765,08210, 202104, 36225,183108, 964

15,800 7,405

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

Page 409: Annual Report of the Comptroller of the Currency 1934

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

2195219621972198

2199220022012202220322042205220622072208

220922102211W1?22132214221522162217221822192220

2221222222232224222522262227222822292230223122322233223422352236W37223822392240

224122422243224422452246224722482249

22502251

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars2,216,811

866, 22746,427

1,485, 615

476, 70455,84268, 25020, 611

284, 792671,460166,979227,421

71,997323, 324

424, 668159,877231,683

60,827103, 239601, 818641,403

1,691,816133,27051,35275,157

167,505

776,13072,062

292,345180,081168, 830366, 965360,772261, 578

1,174, 535403,951169, 578

1,120,528219,374190,909

91, 562365,302

97, 3121, 210, 881

496,939

355, 81663,1335,634

10,491,76258, 794

305,455845,087272,163

2,408,613

175, 448150,683

Loss onassets com-poundedor soldunder

order ofcourt

Dollars459

2, 477,382

104,4494,3124,915

57,69523,905

127,09671,154

1,45255, 506

112, 35441,21029,96825,8994,601

93,25062,977

268,01829, 766

9141,051

29,135

13,5201,638

61, 21223,58776, 320

104, 34059, 53948, 868

230, 31160, 470

9,35738, 664

100,28528, 602

61, 359

84,33313, 755

26, 7524,595

82,1521,351, 529

48218,965

8,0361,146,381

22, 727

Book valueof remain-ing uncol-

lectedassets

Dollars6,883,0891, 648, 309

197,02978,637

108, 521

180,6951,072,649

121,908184,27081,728

328,119

242,929131,902264,884221,898

65, 6371,168, 642

901, 2531, 059,873

85,850109,440103,500231, 202

1, 210,110119,356263, 359154, 200196,968608,936542, 261143, 400734,901463,914158, 597

2,789, 261298,202195, 69492,094

256, 685

519,4911,128, 756

272, 576115,348

5, 382, 66953, 360

257,357942, 772530,804

8,501,236

114,057

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars516,264164,171

3,759653,917

68,96824,00034,3544,900

27,37545,77725,85438,36912,80027, 613

29, 38231,93668,9644,584

12,14867,10110, 20021,99519,42125,00014,53334,647

74,69521,20819,13734,98118,42450,10015, 63912,832

147,74338,82939,989

210,94927, 22018,07812, 77930,896

104,670198,363

61, 793

65,29438, 20029,500

1,065,86619,10822, 35047,74086,843

400,419

26,88313, 607

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dodars

To un-securedcreditors

Dollars

Dividends paidby receivers

On se-curedclaims

Dollars

106,785

12, 5921,9259,903

25,181

11, 5226,089

25, 335

11, 6655,749

24,753608

4,4803,023

20,389

5,2746,123

22,288

15,126

15,992

9,816

9,606

106,471

4,5904,394

11, 2879,833

11,852

103,204

On un-securedclaims

Dollars

491,13744,275

212,34714,6886,374

15,987136,894244, 027128, 53948,1009,851

115,795

140,09017,72471,05537,43339,813

453,790743,619

62,2301,164

38,88728, 331

107,9149,285

208,63460,894

110,18859,860

114,445155,885326, 283186,12321,088

96,90533,49328,06181,867

711,140253,379

58, 23223,241

3,676,48521,970

119,004379,47132,362

138,381

Footnotes at end of table, pp. 448 and 449.

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

Page 410: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars1,589,875

308, 085

1,334,245

224,95826,81539,864

109,868345,86522,770

100,87233,441

160,191

204, 743121,054112,04912,29940,901

492,922138,851870,56046,81542,94119,29399, 610

603,73947,19843,58585,87145, 783

261,084176, 24973,995

795,392191,003114,238927,194121,09476,16938,376

258,149

351, 248194,808

268, 65923,907

586,053,974

28,891145,642397,475188,372

1,969,633

15,63934,317

Cash ad-vancedin pro-tection

of assets

Dollars160,515

7,706

5,6084

1,603

701,597

57145853

9,71724

1,3676526

4,12120,93622,333

1,067

17,460107

1,80037

5321,557

23,105337

6215

10, 068216

1,838128

104

2533

19,51648

2004,858

74515,918

10

Conser-vators'

ex-penses

Dollars

Receiv-ers' sal-aries,

legal andother

expenses

Dollars54,92434, 4252,152

15,870

14, 0769,7197,7992,339

11,49533,1447,716

19, 0026,536

14,994

14,00910,10117, 5956,8039,034

21,50619,31238,3748,4363,8356,301

9,166

20,8877,320

13,8318,6727,810

18,24418,90311,16830,27119,6648,601

47,10512,70612, 2527,730

16,8174,117

22,88118, 569

14,1937,532

564183,755

4,29115,59935,31515,289

113,274

3,6725,565

Cash inhands

of comp-trollerand re-ceivers

Dollars411,49724,874

28, 715

7,1232,6912,7072,285

26,46521, 6467,954

47,86815,9356,156

44,4445,2254,8643,619

13,46583, 2698,514

16,93011,309

3899,609

10,009

20,8562,029

24,4952,3194,517

11,09428,0704,201

22,5277,146

15,835136,16185,3583,7452,345

62,26711,32819,14130,079

14, 7073,830

618558,032

3,59413, 72318,13523,549

309, 788

17,7567,587

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars2, 226, 5541,403, 248

50, 0003, 051,013

388,65573,46977,48018,167

263,328997,113267,792241,88053,156

377,891

399,990156,503184,908172,92566,470

779,8431,007, 8871,487,733

139,44484,96297, 220

221,455

(575,484103, 621431,030139,936287, 689640,246458,680261,738

1,087,717531,819145,410

2,269,333385, 564193, 81385, 768

187,075136,445748,055760,136

291,15862,82136,309

7,361, 24548,846

295, 711887,864359,796

8,463, 223

203,502147,392

Divi-dends(per-cent)

3588.553.5

58202088522748203037.5

3515382260

455044. 667

54021

16.66671548.33335038122560303515

505515609533.3333

203712.101850454543.666711

6870

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Oct. 9,1934

Dec. 21,1933

2195219621972198

2199220022012202220322042205220622072208

2209

mo2211221222132214221522162217221822192220

222122222223222422252226

?m2228222922302231223222332234223522362237223822392240

224122422?,43224422452246??4722482249

22502251

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

Page 411: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

22522253

225422552256225722582259

22602261

2262

226322642265

226622672268226922702271227222732274

227522762277

22782279228022812282228322842285228622872288228922902291229222932294229522962297

2299230023012302230323042305

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

Dollars25,000 Jan. 30, 1933

300,000.

25,000300,00050,00050,000100,000100,000

100,00050,000

...doan. 31,1933

Feb. 1,1933Feb. 2,1933...do__.do

...do-—

...do

100,000 Feb. 4,1933

.—doFeb. 6,1933

do.—

25,00025,00080,000

75,000 Feb. 9,193350,000 do-50,00025,000

.do

.do100, 000 Feb. 10,1933

i, 000 Feb. 13,1933.do ...do.do

150,100,000100,00050,000

25,00050,000100,000 Feb. 14,1933

.do--do .

Feb. 15,1933.do—.

000 Mar.

000 Mar.

100,00025,00025,000250,000300,100,00050,000

1,000,000200,50,00035,000100,000100, ""200,00050,000400,000 Apr. 8 ,1933150,000 Apr. 15,1933200,000 Apr. 22,1933100, 000 Apr. 25,1933

1,200,000 M a y 8,193310,000,000 M a y 11,1933

25,000,000-...do25,000 May 19,1933

300,000 May 23,193375,000 June 3,193330,000 June 5,193350,000 June 8,1933

250,000 June 23,1933

doFeb. 16,1933

000 Feb. 17,1933Feb. 23,1933Feb. 27,1933Feb. 28,1933

1,1933Mar. 3,1933-..doMar. 8,1933

9,1933Mar. 10,1933

do

Dollars68, 877826,074

123, 2041, 323, 521

33,614203, 40223,12877,011

119, 46358, 269

55, 706

26, 53668,00180, 660

85, 59667, 64356, 01731, 47218, 612

201, 325445, 959150,9293,507

6591,591

64, 509

349,17061,697112, 509285,929208,19492,117

686, 289, 537

Dollars83,144

6, 738, 729

140,8551, 549, 590257,924190, 52543,056398, 301

237, 61457, 366

388,241

80,444105, 527388, 737

819,010156, 425372,17050,136153, 704566, 414

1, 379,9461,057,805

83, 693

34,941"47,245448, 664

290,54642,868246,812

1,090, 383791, 758250,417

7,458,557

75,651129,4351,222

242,0161,079,435282,639

225,344129.97614,817

386,7031,136,142628.977

1, 293,844

393,01510, 433, 90482,115, 205

137, 732,97247,397969, 373662,59184,400744,80138,318

1, 026,672653,923263,866

7, 627, 63740, 431,143

236, 244,432177,173

2, 281,702648,659143,597637,030437,135

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 412: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars35,2,00

5,416,726

34,405359,910

57,8456,357

112, 72945,660

81, 449

6,3857,965

52,896

10, 2202,00334,91714, 53399, 62147,80828,15998, 79814,994

8,45119, 494

136, 573

40,09821, 26621,064

460,657259, 5859,215

1,006, 784

Addi-tionalassets

receivedsince dateof failure

Dollars4,505

1,169,456

12,31894,2754,93740,017

53018, 216

84, 56926, 526

20,081

5,4567,06312,626

19,3731,583

35, 58622,10710, 738129, 52261, 244108, 5442,072

1001,46314,390

29,071

4^35166,847215, 43,25, 893

175, 420

Totalassess-mentuponshare-holders

Dollars25,000

300,000

25,000300,00050,00050,000100,000100,000

100,00050,000

100,000

25,00025,00080,000

75,00050,00050,00025,000100,000150,000100,000100,00050,000

25,00050,000100,000

100,00025,00025,000250,000300,000100,00050,000

1, 000,000

Total assetsand stock

assessment

Dollars216, 726

14,450,985

335,78:3,627, 296380,073483, 944224, 559599,885

654, 375237,821

645,477

143,821213,556614,919

1,009,199277, 654548,690143, 248382, 675

1,095,0692,015, 3081, 516,076154, 266

69,151119, 793764,136

152, 283409, 736

2,153,8161, 774, 972477, 64"50,068

15, 930, 298

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars107, 623

2, 361, 979

2,042, 766145, 815232, 396

19, 539176, 886

154,02187, 727

133,738

44, 22334,159

180,099

141,678123, 813139, 310

30, 6246,931

301, 313792, 293434, 703

10,133

1,1793,795

147, 550

281,83162. 829

225, 543479,131

51,996179, 612

8, 035,842

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollan808

63,104

19, 964259,07032,10619,01571,60019, 458

17,1565,947

27, 561

19,4194,80421,149

40, 32017,8009,5245,548

48, 41496, 92546,11550,0006,250

18, 2289,95715,339

13,4726, 57f6,55463,826109,493

28, 20824, 573

218, 338

Dollan6,112

135,193

2,604114, 632

10, 20210,0192,245

14, 376

12,4556,406

15,14:

2,3202,192

15,994

14,73810, 93920,115

70610, 32822,11261, 23838, 286

810

20118

5, 67'

12, 5211,326

11, 20643,16823, 37811, 516

16S328,686

UnpaidbalanceR. F. C.

loan

Dollar,5,500

26,100

58, 900

31, 900

27, 500

33, 700114, 900

40, 400

39, 9009,000

19,000

56, 600

291, 700

1,268,000

Offsetsallowed

andsettled

Dollars3,713

394, 245

4,672142. 779

6,72310, 749

23, 388

9,4242,049

12, 581

3,0104,467

25, 300

20,4205,53438,00114,107

36, 59255, 99441,

33, 805

9,0033,83810, 64263, 753

10,076

558, 24i

22522253

225422552256225722582259

22602261

2262

22642265

226622672268226922702271227222732274

227522762277

227822792280228122822283228422852286228722882289229022912292229322942295229622972298

2299230023012302230323042305

84, 84235, 49939,872111, 408275,575•21,8403,900

393, 276240,85476, 592

4,798,9478, 586,461

94,637,80435, 571142,29498,42134,847176,425202,551

50,00035,000100,000100,000200,00050,000120,000150,000200,000100,000200,000

10,020; 203 10,000,000

10,934,053 25,000,000

38, 21025,97855,44420, 988280,35312, 3942,513

93, 41327, 31148,135200,777 1,2

4,20677,481

11,101181,00620,676

25,000300,00075,00030,00050,000

250,000

474,047355,888211, 355861,115

2,971, 50r995,850126, 413

2, 957, 2051,815, 786881,608

24, 261, 265151,153,012

504,549, 261289, 347

3, 770,8501, 520, 357303,945

1, 789,262948,680

114,880161, 6142,062

309, 221972,168438, 665

992,050746, 551334,092

13, 822,13361,429, 364

172,477,71784, 746

2,131,878781,43780,025779,153208, 595

13219, 75611, 72075, 067102, 25638,88492, 76575, 98473,81430, 287759,135

1, 244,810

4,226,4699,383

55, 72533,3793,750

28, 385188,487

6.12910, lOi

23,600 18, 43314, 262

6,721143, 805

32, 444136, 700

49, 900

74,80245, 89.r

14, 93,340,178

2, 577, 365 13, 200,000

182, 000222,000

2,200

12,15862, 51644, 632

6,413126, 395

51, 56543, 251

2, 207, 8907, 260, 826

\, 985, 232 42, 978, 235 214,786

48, 77214, 2613,886

36,68020,247

181, 00018,400

, 711,0793,403

124,38870, 413

93344, 382

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Page 413: Annual Report of the Comptroller of the Currency 1934

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

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Loss onassets com-poundedor soldunder

order ofcourt

Book valueof remain-ing uncol-

lectedassets

Bookvalue ofremain-ing un-

collectedstock as-sessment

Conservators'distributions

Bookvalue ofassets

returnedto share-holders'agents

To se-cured

creditors

To un-securedcreditors

Dividends paidby receivers

On se-curedclaims

On un-securedclaims

22522253

225422552256225722582259

22602261

2262

226322642265

226622672268226922702271227222732274

227522762277

227822792280228122822283228422852286228722882289229022912292229322942295229622972298

2299230023012302230323042305

Dollar}123, 756

2,954, 521

138,2772, 559, 247194,846272,17993, 384293,008

224,956102,129

216, 522

68,97279, 322357,442

217,156158,086247, 35050,98565, 673496,842964,640583,02417,193

19, 60813,770

202, 371

373, 42774, 568253,94;941, 578184,867229,41224, 736

10,409, 111

Dollar4,680

342,266

5243,79629,47316,860

56,960

5,2981,663

36,063

2,67719

31,483

2,35320,64431, 76821,306

Dollars75,710

11, 052,495

221,168897,955148,062173,939105, 020242, 651

385, 6326382

11,178106, 63371,8217,367

1,99965,9987,782

39,8033,90342, 34236,854

46918,421

363,095

68,911149,911298,037

769,74877, 663289, 61152, 211275,744595, 986960,388868,51786, 766

40,973

743,852

474, 999

378,24856,713106, 209

1,324, 0781,422, 507169, 533

685, 592,359

Dollars24,192236,896

5,03640, 93017,89430,98528,40080, 542

82,84444,053

72,439

5,58120,19658,851

34,68032, 20040,47619,45251, 58653, 07553,88550,00043, 750

6,77240,04384, 661

86, 52818,42518,446186,174190, 50771,79225,427781, 662

Dollars Dollars Dollars Dollars Dollars45,297

4,150

4,49475,538

75,3622,069,592

151, 78799,891

10,112

16, 047

19,901

24, 288

30, 66016, 034

84,651

81,68150,803

27,657

37, 75913, 57071,121

20, 77777,98347, 75914,980

145229,131

9 361, 8389 163,927

11,6509,212

7,535 53,83024,330

98,150106,460

77,31918, 920

2, 786,855

163,174205, 73713, 782403,167

1,417,445604, 52599,178

1,451, 2311,139,822424, 765

17,129,33685, 712, 365

250,378,732102,318

2, 360,763], 080,490106,994888,600417,329

8,47251, 038

29422, 21899,442213, 599

282, 26293,974108999,417, 518

1,637,379248, 954

272, 74827,83617, 236

630, 3331,141,691

2,791,94221,709204, 5009,613

988,81377,376

1,416, 012789, 834387, 029

6,400,90971,321,131

282, 568, 523154,489

1,010,084583,894192,978826,914412, 709

49,86815, 24488, 28024, 93397, 74411,11627, 23574,016126,18669, 713440,865

8, 755,190

20, 773,53115, 617

244,27541,62126, 25021,61561, 513

19, 7935,145

10,80049,174

25,86443,0773,745

66, 56329.1,683461,350

9 3,572,220 9 9, 696, 843* 8,675,646

8 31,577,087

547, 223518, 256242,128

»97,616 « 849,943

21,979916, 500

54,192,039

136,796,33172,291

"~264,~20421,193

9 415,140

Footnotes at end of table, pp. 448 and 449.,

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

Page 414: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars67,948

2,327,841

43,276274, 342

16,793127, 724

158170, 040

111, 64039, 625

143, 727

13, 55154,998

249, 525

143, 67346, 756

146, 76120, 992

5,802226, 227487, 514361,028

10,907

2,389157, 572

293, 32739, 724

211,661767,996

51,850133,171

7, 392,452

122, 566120,969

1,222251,351964,886120,76610,000

805,331550,753158,419

2, 214, 70720,003,683

70,435,45914,960

837,497819,175

55, 266338,257212, 756

Cash ad-vancedin pro-tection

of assets

Dollars32

86,126

1,897210

1,302

7,052

421850

3,790

4027162

9114

2,14822

3,1581,145

3661,779

334

424

1641,480

20,01855

16,674

-- -

8672

29,90398

4,95611,938

135427, 622233,601

6,541,1423,182

25,6388f668

3531,4653,316

Conser-vators'

ex-penses

Dollars

3,0243,937

42,824194,445

423,691326

41,3506,4031,3724,591

Receiv-ers' sal-aries,

legal andother

expenses

Dollars8,819

93,246

9,95359,56712, 3339,8913,872

14,002

12,5065,884

18, 305

6,4627,411

12, 366

14,4138,915

13, 6904,6797,855

13,31129,14225,162

111

6452,169

13, 614

14,9025,1859,599

29, 7553,172

10,9271,678

114,354

9,71612,6832,880

16,84147,92714,050

31163,16140,18613, 51293,802

1, 045, 320

3,371,8165,658

16,82825,4575,219

23,42216,694

Cash inhands

of comp-trollerand re-ceivers

Dollars1,660

447,308

3,639155,536

12, 63130,17913,81617, 263

8,5964,967

6,996

10,7983,2724,467

37,38224,42812, 70410,31218,05310,99485, 78031,1285,509

7,413

30,851

3,4095,329

32, 52135,88711, 6777,9404,138

98, 776

5,0289,099

78256,94033,8728,261

88,86727,53614, 75210. 571

1,081,3181,367,631

1,233, 2065,901

491,89116,5831,612

89,225184, 563

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars90,594

8,855,784

219,0562, 508,855

216,898187, 29586,018

196, 311

240,20672,575

278,829

68,98790,848

260,730

214,800125,980220, 79749,934

485354, 378

1, 206,126819,636

67, 723

21,00048,807

193, 741

268,37760,960

142,102743,142981,958103,09386,000

5, 572,833

172,425156,68322, 223

353,4821,169, 234

709, 770123,515

1, 595,1871,151,566

408,87713,850,89092, 664,693

415,955,803192,777

1,280,155463,027167,267

1,054,327

Divi-dends(per-cent)

50

388 82.5

7053. 33338843. 3333

3470

15

551535

126220303065

»309 20

5518.24

2040

1510752250

153540192565

354560

97O«68

8 5037.5

9 604526

9 40

Interestdivi-dends(per-cent)

Date finallyclosed or

restored tosolvency

Oct . 31,1934

A p r . 23,1934

22522253

225422552256225722582259

22602261

2262

226322642265

226622672268226922702271227222732274

2275

me,2277

22782279?,?S02281228222832284m1)228622872?8822899,7,9022912292??9322942295?,?m22972298

2299230023012302230323042305

103093—35- -27

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

Page 415: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

23062307

2308

230923102311

23122313231423152316231723182319232023212322232323242325

23262327

2328

2329233023312332233323342335233623372338233923402341234223432344

23452346234723482349235023512352235323542355

2356

23572358

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

150,000100,000

200,000

doAug. 2,1933Aug. 3,1933

dodo

387, 5021,547,169

159, 585353,124386,83689, 23758, 771516,135113,34575, 61078, 794

Aug. 4,1933d

Aug. 5,1933

400,000 Aug. 8,193350,00025,000200,00035,000 Aug.25,00025,000

do_

322,965504,994114, 286172, 759

435,852276,154

775, 271

1,696,929

doAug. 10,1933" i. 15,1933

do

49,896

do. . . .do

do

.do.

50,000100,000125,000 Aug. 16,1933100,00050,00040,000150,000100,00030,000

doAug. 18,1931

dodo

147,43666, 614

252,901175, 207637, 746343, 218243, 240

24, 55039,936

1,937,089

Aug. 18,193:

25,000600,000100,000200,00025,00050,00025,00050,00025,00040,00050,000

700,000

200,000100,000

do.Aug. 19,1933Aug. 23,1933

do..do.._do-.do.._do.._do...do.._do_.

Aug. 24,1932

Aug. 29,1933do

190, 740

79, 2041,934, 486231, 451

1, 340,16993, 837115, 70147, 75074, 46867, 796127, 46867, 241

4, 206, 515

851, 2701, 427,995

364,660897,484

431, 531197, 582

2, 028,142179,96560,101221,31877,14356, 31395, 013

380, 3871, 336, 772173, 068133,928

1,189, 403250, 543

1, 210,101

1,917,490

74,10657,384129,88436,888217,39874, 579145,132499,561

1,089, 208173,914163,832

2,831,174

223,452

4, 652, 43'305, 326863, 95C64, 569172, 836115, 550118, 30278, 07374, 578131, 993

5, 711,010

1, 398, 0611,194, 572

Footnotes at end of table, pp. 448 and 449.

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

Page 416: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars127, 781353,090

680,824

173,888277, 891

39,92591, 765

402, 317106, 75429,86823,8985,3916,690

53, 345

48, 53436,3964,532

14,436

8,81286, 717

900,101

526,154

1,07058,09023,0562,740

97,435821

127, 04285,313

444, 7268,074

10,01618,445

7,869

15,002129,308

5,735231, 53831,82524,9478,894

24, 45743,19249, 05032,132

806, 550

9,91583, 349

Addi-tionalassets

receivedsince dateof failure

Dollars239,07457,835

163,898

8,310149, 373

2,5226,6933,602

12, 703154,532

23, 75415,67447,98024, 321

38, 24657,00826, 2415,520

76359, 554

14,445

352, 779

28

4,0471,865

11,94211,48923, 972

154, 28451, 3854,299

36, 6103,280

37, 250

36423, 55111,99283, 751

1624,9817,831

38, 87810,802

3787,636

994,045

22,882198, 757

Totalassess-mentuponshare-holders

Dollars100,000100,000

500,000

125,000150,000

50,00050,000

200,000100,00025,00075,00025,00025,00040,000

75,000100,00025,00025,000

150,000100,000

200,000

400,000

25,000200,00035,00025,00025,00050,000

100,000125, 000100,00050,00040,000

150,000

30,000

25,000600,000100,000

25,00050,00025,00050,00025,00040,00050,000

700,000

200,00100,000

Total assetsand stockassessment

Dollars1,024,4052,377,232

4, 395,904

1,059, 3603,021, 917

683, 563699,164

3,020,897488, 659328, 272860,105236, 553211, 593291,473

865,1322,035,170

343,127351, 643

1,784,830772,968

3,099,918

4, 893,352

150,100315,474339,423133,107604,676312,096

1,033,8921, 207,3761,928, 559

260, 837290, 394

4,939,988

489,311

218,0547,339, 782

654,5042, 519,408

215,393368,465205,025306,105224,863291,474289,002

12,418,120

2,482,1283, 004,673

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars255,896857, 329

1, 536,838

438, 2671,622,856

314,462365, 287

1,333,341152,91090, 532

362,782133,48782,640

128,643

97,886727,448104,929186,741

788,611205,468

909, 255

1,814,085

57,13238,259

106,42067,323

179,360111, 624392,135333, 654626, 781

52, 55661, 803

2, 748,614

213,312

92,9163,913,644

209, 271367,831

83, 52280,15135,92482,12232,096

136,99859,157

3,691,197

1,603,1481,891,215

Cash col-lections

fromstockassess-ment

Dollars69,60041,300

170,687

15,356117,402

3,60031,957

107,02921,82820, 2595,8008,994

13, 22510,811

12,76574,0243,775

16,950

124, 67574,901

97,612

119, 546

16,15084,650

1,60013,6726,075

26,19526,4009,700

77,38510,957

4427, 660

1,000

3,100305,177

14,822

14,1236,7469,3091,2546,106

11, 60219, 730

9,230

139,17556,700

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars8,921

65,036

105,897

29,66664,861

9,79925, 27456,4829,4895,590

18,2934,3344,3417,778

1,79665,8575,7246,588

64,12315, 210

52,103

77, 707

3,201

4,8821,9659,6665,374

24,13026,69547,7134,1604,217

128,391

9,435

8,066190,85612,51648,9212,0835,7201,7584,8582,8823,1644,875

179,955

49,81861,113

UnpaidbalanceR. F. C.

loan

Dollars

132,300

280,600

56,900195, 400

27,700

178,700

15,600

133,00029,70020,900

182,000

573,700

82,004

41,30030, 600

2,60027,000

354, 300

54,900

8,900

28,6006,300

25,0005,000

1, 507,440

Offsetsallowed

andsettled

Dollars3,904

77,445

216, 636

25,97072,824

20,91730,93647, 5139,842

19,02324,82210,9762,6894,271

35654, 72316,84127,844

50, 5398,746

68, 769

473,370

5,589

6,0559,141

10, 46812,80238,06936, 58245, 6303,0504,492

126,768

18,133

2,029122,499

15, 62658, 5625,2217,1881,3124,8415,9422,1722,366

528,809

68,313104,828

23062307

2308

230923102311

23122313231423152316231723182319232023212322232323242325

23262327

2328

2329233023312332233323342335233623372338233923402341234223432344

23452346234723482349235023512352235323542355

2356

23572358

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Page 417: Annual Report of the Comptroller of the Currency 1934

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

23062307

2308

230923102311

231?2313231423152316231723182319mn23212322232323242325

23262327

2328

2329233023312332233323342335233623372338233923402341234223432344

23452346234723482349235023512352235323542355

2356

23572358

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars338,321

1,173,410

2,310, 658

566,1592,073,343

376,478453,454

1, 723, 065194, 069135,404427,297157,791102, 895151, 503

112, 8031, 055, 052

160,969259,023

1, 209,948304,325

1,701, 439

2, 566, 712

82,072122,909118,95792,101

205, 569155,995522,034437, 231797, 50973,32397, 556

3,385, 733

296,780

106, 1114,532,176

261,135475, 314104,949128,40554, 603

118,07552,026

153,93686,128

5,916,63

1,860,4542,113,85

Loss onssets com-poundedor soldunder

order ofcourt

Dollars18,74485,684

13,922

6,684186,742

76,85735,127

235, 27450,8676,254

49,2422723

1,901167,070

22, 7305,554

166,9138,748

33,392

63,341

6,89277, 21541, 541

2,74539,663

3,7981,6375,037

63,477

1,016392,418

3,315636,635

13,119

3,1165,847

863562705

13,456

8,275

114,721152,334

Book valueof remain-ing uncol-

lectedassets

Dollars645,861

1,256,774

2,128,508

463,439989,495

221,327217,814

1,204,769175,040187,463348, 259

67,063101,241118,559

689,989985,929173, 627106, 504

628, 767450,006

1,888,502

2,142, 556

55,487

150,40728,898

350,185133,872502,051707,103

1,092, 671155,231183,083

1, 522,188

227,866

94,7942,067,004

316,4882,093,015

98,534225, 279141,926168, 580161,120112,304164, 023

7,489,839

495,946756,296

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars30,40058,700

329,313

109,64432,598

46,40018,04392,97178,1724,741

69,20016,00611,77529,189

62,23525,97621, 2258,050

25,32525,099

102,388

280,454

8,850115,35033,40011,32818,92523,80573,600

115,30022,61539,04339,956

122,340

29,000

21,900294,82385,178

10,87743,25415,6948,74618,89428,39830,270

690,770

60,82543,30C

Bookvalue ofassets

returned:o share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

62,563

» 276,960

» 54,155

»670, 255

»251,483

To un-securedcreditors

Dollars

145,440

»872,862

9 269,623

9 2,092,818

9 2,139,247

9 1,015,443

Dividends paidby receivers

On se-curedclaims

Dollars

30,417

9,758

15,229

8,131

9 11,513

4,395

37,04279, 579

2,700

8,5001,215

2,771

17,521

4,023

12,058

9 97,987

On un-securedclaims

Dollars194,809386,689

537,007

26,583366,587

68,332154,821105,17972,133

87,89537,38841,71252,674

8 661,301110,60643,409

560,150

. 194,221

468,696

106

44,194

105,810240,295

62,0589 258,411

7,81715,334

962,311

45,669

9 3,459,19646,617

63,27828,7677,857

51,84314,825

91,398,352

Footnotes at end of table, pp. 448 and 449.

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

Page 418: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars59,539

664,133

1,433, 530

491,811481,045

270,869235, 383

1, 506, 60695,53469,872

307,16983,60839,29069,480

66, 771329,322

35,825195, 218

306, 603178,153

1, 287, 642

2,005,074

15,75038,80962,90828,241

185,17824,769

226,154322, 626337,365

43,51467,904

161,720

218,767

81,402571,180162,852374, 295

12, 22988,90631,83551,70015,310

135,64356,729

2,488,029

88,337115,446

Cash ad-vancedin pro-tectionof assets

Dollars164

29,278

15,690

20,434

1,490560

7,0288

3282,449

8997

135

2,108742

61329

222,197

16, 794

7,455

141126

2,2184,4009,0681,875

243554

1,410

10, 256

51, 2364,9481,936

23262

1,975

29

1,009

154,513

996234

Conser-vators'

ex-penses

Dollars

11,019

21, 760

5,92313, 627

4,6796,3349,6595,0961,5394,302

9992,108

1157,7102,3283,523

8,5936,051

21,817

1,527

2,0762,0673,0681,4726,8123,1659,9302,0051,357

17,601

3,388

1,43924, 5265,613

13,9722,3232,1162,5592,8071,7881,8522,528

84,119

13, 681

Receiv-ers' sal-aries,

egal andother

expenses

Dollars15,09017,640

62,934

14,04422, 221

10, 75312,53842, 57412,38811,63812, 5557,0803,5455,752

11, 78826,076

4,4138,187

38, 34714,932

67, 948

42,837

4,755809

4,8973,8898,1815,170

12,73620,29720,699

5,6915,550

19,849

7,051

4,53663,0579,402

29, 2574,6535,0224,4306,7214,9785,6165,671

173,411

33,57716,801

Cash inhands

of comp-trollerand re-ceivers

Dollars68,71934,234

31, 734

18,04019,607

5,12643,81843,888

8,91052,02712,92729,62617,25221,354

32,02118,3887,7363,962

26,610102,992

134,834

20,833

22,9883,706

48 93513,6989,136

16, 55631,63717,317

169, 2295.5535,642

75,869

8,878

18, 734362,981

14,18255,85422,4433,3321,9245,0043,038

10,82520,191

207,057

470, 618471,355

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars487, 022

1, 386,948

1, 507, 556

367,0641, 747, 858

334,875308,180

1,088,688171, 525

354,149148, 42855,854

105, 437

1,321, 583197,805163,346

1,106, 341266,385

1, 276,328

1, 561, 544

82,34310

74, 21752,002

320, 238163,068480, 444446, 506

1,170,801130, 84982,747

4,185,019

134, 658

57, 3484,901,089

267, 2421,765, 344

140, 766143,833119, SS2115, 210136, 06231,660

108,103

6,096,127

1, 813,7772,153, 522

Divi-dends(per-cent)

4030

45

108 71

25501143.5

25307550

8 505630

8 75

15

30

4560

85

655015

»2512.520

8 73

35

9 7024

. . . .

20104520

»35

9 659 65

Interestdivi-dends(per-cent)

Date finallyclosed or

restored tosolvency

Aug. 6,1934

N o v . 24,1933

J u n e 22,1934

M a y 18,1934

23062307

2308

?30923102311

23122313231423152316231723182319232023212322232323242325

23262327

2328

23292330233123322333233423352336233723382339234023412342?,3432344

23452346234723482349235023512352235323542355

2356

23572358

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

Page 419: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

23592360236123622363236423652366236723682369

23702371237223732374237523762377237823792380238123822383

23342385238623872388238923902391239223932394239523962397

2398239924002401240224032404240524062407240824092410241124122413

24142415

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. 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

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, HI.7

First National Bank, Odin, 111.7

First National Bank, Ironton, Minn.7

First National Bank, Beason, 111.7

First National Bank, Glenvil, Nebr.7

First 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.7

Central Park National Bank, Central Park,N . Y.7

Dollars100,000 Aug.75,000 Aug35,000 Sept25,000

150,00025,000

29,193330,19335,1933

do.._do..do

25,000 Sept. 6,1933do

.do100, 000 Sept. 9,1933150,000 Sept. 11,1933

Dollars496,161400,871164, 32965, 420

Dollars303, 562319, 264135, 71776, 363

7,54979, 945

468, 514257,901

729,498

25,00025,000 Sept50, 00030, 00050, 00030,00025,00050, 000 S<37, 50050,00025, 000

500,00075000

do..;. 12,1933do

. . d o — .__do. . d o — .

109, 274163, 862

96, 098

. .dospt. 13,1933

dod o -do..

192,813157, 678

, d o75,000 Sept. 14,19332 5 0 0 0 d o25,000

50,000 Sept25, 00050,00050,00025,000 Sept

;. 15,1933do

- - d o"-..-.. 16,1933

50,000 Sept. 18,1933do.

_do_.-do_

25,00025,000

150,00025,000 Sept. 19,193340,000 Sept. 20,193350,000 Sept. 21,193375,000 Sept. 22,1933

1,000,000 Sept. 25,1933

58,9463, 678, 260

97,02718, 540

81, 23988, 602

" " 186," 3937,002

182,008175,09613, 566

689,928

25,00050,000 Sept,25,00040,00025,000

do;. 26,1933do.dodo.

25,000 Sept. 27,193325,000 . . . . d o25,00025,00025,00040,000 Sept30,000

do.dodo;. 29,1933do

25,000 Sept. 30,193350,000 Oct. 2,1933

do100,000125,000

25,00050,000

— . d o .

— . d o. . . . d o . . . .

245,003556, 54564,991

7,100,401

59,121260,984

62, 370115,319103,16664,03786,11485,08456, 35995,89870, 52289,02174,245

150, 559164,106561, 730

14, 275195,349

12, 67152, 580

796, 817375,27473,020

568, 528

34, 082719,577

157, 790

102, 527295,497

21,9154, 602, 288

392, 70161, 655

225.03356, 353

"~288,~80Q3,427

66, 36694, 48637,907

999, 019

195,637603,461312, 518

7, 284, 698

58,432130,328105, 717178, 885380,00566,97164,00276,29860,791

132,76966,41265,89645,051

139,879453, 282664, 358

38, 736130, 398

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 420: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tional

receivedsince dateof failure

Total

mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

stocksettled

Dollars10,85051,36823,86224,018

Dollars42,92810,08634, 52722,298

21,15417

366, 50969, 63817,83920,196

504,734

65, 21150,402

40025,994

Dollars100,00075,00035,00025,000

150,00025,00025,000

100,00050,000

100,000150, 000

Dollars953, 501856, 589393,435213,099150,00066,424

162, 2761, 797,051

803, 215191, 259

1,494,216

Dollars422, 298364,020102,51357,950

Dollars69,496

7,43121,068

500

Dollars25,28910, 2465,0921, T" '

Dollars

1,7006,900

Dollar,43,68331,9709,2483,662

1,48662,289643,066361,035

225787,655

30021,31553,20031,03348,91112,901

5283,72566,49413, 393

30599,215

7,9007,900

12,64255,96125,889

12,788

23592360236123622363236423652366236723682369

23702371237223732374237523762377237823792380238123822383

23842385238623872388238923902391239223932394239523962397

2398239924002401240224032404240524062407240824092410241124122413

24142415

27, 5965,387

13,91961,975

25,00050,000

209,8711, 000,801

109,251739,786

25912,000

3,15656,871

13,80013,600

4,34612,865

43 12, 587 50,000 316,518 150,147 7,648 7,947 6,577

10,820 1,29417, 246

50,00037, 500

357,454514, 304

98,035113,011

21,80020, 573

11,21516,957

29,200 9,4913,"

1,4428,25727,60824, 267

19,19, 271

40412, 6829,200275

13,5519,400

25,000500,00075,00025,000

50,00025,000

107, 3439, 201,487601,536129, 737

389, 516198,626

27,1093,837,801131,21832,825

115, 592101,386

5,30956,12748, 77121,000

18,6779,974

2,226133,14024,9241,216

7,9585,690

4,700750,87049, 50010,100

25,400

1,193,88922,9013,841

14,5514,363

33, 71014,89059,5105,20026f

2,17:

39,165

28,10053,09110,30827,669

50,00025,00050,00025,00025,000150,000

598,06850,319385,984352,82387,046

1,868,788

214,975

210,15973,13813,932909,815

34, 56210,1678,7584,1507,683

10,87461

12,8412,3911,47346,381

41,300

123,434

18, 771

10,15912,1836, 23167,333

21,88933,21651,728

2,336, 791

2,69116,669

42616,31119,86428,8786,11720,0519,05624,4484,6903,5069,34813, 37932,02142,573

16,19525, 635

78690, 7919,301

465,821

8109,1584,6195,23323,33816,931

18,386

8,55818, 285

29012,01088,69744,49971,41."

40,00050,00075,000

1,000,000

25,00050,00025,00040,00025,00025,00025,00025,00025,00025,00040,000

12,038

25,00050,000100,000125,000

25,00050,000

503,3151,334,013513, 538

18,187,711

146,054467,139198,132355,748551,373201,817191, 217224,819151, 206286,673199,909158,713165, 654442,514793,908

1,465,076

94,206413,420

202,682516,089129,135

7,332,891

53,017162,01895, 63085, 716164,76759,60948,79791,97530,992111, 943

36,54510,39522,410

118,29079, 236141,026335, 257339,489

9,383162,062

14,28136,04416,37314,74010,7444,9754,0004,3998,360250

8,206

5,5747,75968,38153,066

3,3758,335

11,87735,46514,121

325,920

5,3496,9655,5417,85019,8283,1572,8854,9971,6537,5964,3515,7245,1857,99816,65424,525

7810,105

31,600142,5007,100

2,455,000

11,10069,00011,5006,70050,6007,200

2,5009,000

9,100181,900

12,300

20,12146,00656,769836,371

16,2792,43413,94712,0493,8074,10211,4447,0403,0945,2385,3504,78323,34611,34752,870

47612,255

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

Page 421: Annual Report of the Comptroller of the Currency 1934

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

2359236023612362236323642365

23672368

23702371237223732374237523762377237823792380238123822383

23842385238623872388238923902391239223932394239523962397

239924002401240224032404240524062407240824092410241124122413

24142415

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceK. F. C.

loan

Dollars560,766413,667139, 62170,996

2,314107,871826,621431, 350

49,441912,559

130,812835,122

172,319

169,741153,627

41,3134,971,827

277,31468,982

182,178121,413

400,48210, 228

241,91791, 86229,319

1,146,963

302,825750,455229, 535

10,950,182

92, 655290,306131,478128,953257,988

78, 74859,784

115,31557,045

122,883107,329129,36494, 778

180,129440,739651,850

13, 312205,057

Loss onassets com-poundedor soldunder

order ofcourt

Dollars14,84934,344

3,2515,025

1,5645,710

24,47532,186

85

332

31,809

7,6614,295

1761,4558,4161,839

35,2306,395

40,852

2,4974,604

40060,376

21, 7181,825

20,855135,049

13, 607

Book valueof remain-ing uncol-

lectedassets

Dollars372,671351,255243,423121,462

38,37456,635

973,549334,105

91,034543,688

71, 271198,118

77,985

192, 267356,412

53, 2484, 608,342

364,00166,232

174,14361,482

193,47025,319

113,169237, 898

41,483681, 264

218,794720,093231, 779

8,883,400

45.5228,355 230.487

26,95620,33919,865

15565

4404,4387,6511,4011,031

93, 66828, 494

18, 265

48,112195,746329, 692113,386112,75396,40088,174

146,19660, 69927,42255,234

227, 111253,636919, 223

59,347170,838

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars30,50467,56913,93224,500

150,00024,7003,685

46,80018,96751,089

137,099

24,74138,000

42, 352

28,20016,927

19, 691443,873

26, 2294,000

31,32315,026

15,43814, 83341, 24220, 85017, 317

150,000

3,45539, 60552,590

1,000,000

10,71913,9568,627

25, 26014, 25620,02521,00020, 60116, 64024,75031,794

19,42642, 24131, 61971,934

21,62541, 665

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

9 54,969

9 50,795

9 259,993

To un-securedcreditors

Dollars

8161,757

9 1,985,942

9 496,134

9 5,498, 575

20, 351

Dividends paidby receivers

On se-curedclaims

Dollars2,685

9 5,4701,997

23,392

44,213

76

3,062

62,543

1,936

7,512

12, 613

On un-securedclaims

Dollars249,865

9 293,25751.67120,703

80,724167,497

9 396,408

8,02192,245

62,751

14,240

121, 84043,516

117,82557,417

176,853

71,888

125,001164, 73720,736

1,099,076

54,748226,300108,36258,84592, 50135,52517,10346,732

65,97965,32316, 85199, 560

299, 773234,580

19,453

Footnotes at end of table, pp. 448>nd 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 422: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars204,32175,64071,32444,525

17,417559,791121, 066

25257,252

113,169718,361

69,400

79,60854,703

10,8222, 236, 295

124,70918, 232

45,97147,911

173,201

145, 11136, 5086,447

208,947

153, 397476, 663176,451

4,017,216

24,13941,65813,92549, 755

135,96434,43428,06547,18116, 24289,43020,75136, 74459,88061,72184,204

370, 555

2,370133,465

Cash ad-vancedin pro-tection

of assets

Dollars1,017

12,394375

11

39151572726

197

221492

183,53420620

20942

374

79236149

1,173

662,457

15927,853

21521

22212452

653131

28411

100167374121

2,369

206,558

Conser-vators'

ex-penses

Dollars8,9595,1326,269

1,14515,5688,201

10, 557

2,2235,812

2,581

3,3812,197

1,34454,8875,6231,018

4,1871,974

4,599

3,232835

1,04917, 231

5,5599,8577,377

90,093

2,6533,962

7903,3654,4112,3592,5503,642

8542,7241,9731,7163,7204,9956,6067,582

1,5354,786

Receiv-ers' sal-aries,

egal andother

expenses

Dollars17,9536,6435,5992,323

6642,646

15, 7148,9591,535

21,889

4,04813, 845

3,192

6,0296,578

1,72567,77710,0073,919

6,5316,088

16,7911,0305,6302,2442,782

15, 021

9,99610,9589,681

66, 961

5,7037,3363,9596,6228,4143,6464,6364,1604,4608,2914,1993,7524,5815,310

14, 50116,427

2,9548,689

Cash inhands

of comp-trollerand re-ceivers

Dollars75,96615,1312,3863,434

1,6115,788

44.08775, 6723,668

226, 256

3,1304,291

97,146

80, 72327,398

10,120392,597

14,9292,277

7,4557,981

28,6649,198

15,97752,03918,89248,464

8,80623,24015,131

150,408

5,41210,8354,4218,208

16,5742,7326,777

13,46935,48922,15414,4161,3789,5798,169

28,02220,337

6,43319,493

Amountreturnedto share-holdersin^cash

Dollars

Amountof claimsproved

Dollars478,075505,601225, 24398,363

26,69484,146

831, 285404,485105,269808, 256

31,896108,523

126, 233

169,590315,118

40,7375,088, 224

307,44550,020

218,19579,196

272,611378

84,661109,604

674,280

258, 514606,081138,240

10, 969,157

64,411306,657114,163177,634332, 71594, 73576,20581,50977,56032,39177,62381,40142,164

181, 259399,022669, 534

14,918220,021

Divi-dends(per-cent)

559 50

2325

9623

9 4042

9 50

2585

20

359 40

4087

5472.5

65

85

9 55

5137.515

85759533. 333328 "37.53065

8510040557835

16.6667

Interestdivi-

dends(per-cent)

5.25

Date finallyclosed or

restored tosolvency

June 5,1934

Apr. 16,1934

M a y 11,1934Aug. 29,1934

Oct. 3,1934

July 31,1934

Oct. 4,1934

23592360236123622363236423652366236723682369

23702371237223732374237523762377237823792380238123822383

23842385238623872388238923902391239223932394239523962397

239823992400240124022403240424052406240724082409241024T124122413

24142415

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Page 423: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

2416

2417

2418241924202421242224232424242524262427242824292430243124322433243424352486243724382439244024412442

24432444

24452446244724482449

24502451

245224532464245524562467

2461246224632464246524662467246824692470

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

100, 000 Oct.25,000

300, 000 Oct100,000

do..

dododododo.do

4,1933dodo

50,00025,00035,00050,00050, 000 Oct25,00025, 000

100,000

60, 000100,000

25, 00050, 00025,00025,00025,000

50,000250,000

5, 193S7,19339,193o

do9,1933

do

Dollars172,115

790,193

183,142150, 02S518, 31265, 65972, 32594,18569, 766167, 076207,01067,448175, 831

Dollars105,019

350, 334

256,04985, 359

894,93792,003

107,75246, 01061,366

164, 700106,684

75, 21792, 623

.do.dodo

78,021127,448136,991

1, 740,15'479, 766155, 13281, 772171, 631

113,962387, 518130,689

1,207,0572,056, 873328, 741116, 32331,174

10,1933.do.dodo

Oct. 11,1933..do—

doOct. 12,1933

do.

18, 69474,82764, 341686, 736

750, 727337,003

58, 499170, 352

60,42959,65885,706943, 5g3

302, 644226, 315

35, 735439,087

Oct. 13,1933..do...

.do.._do_.

J. ou-o. v AHO i i atiuuai ajau.iv, i cut v me, x a.-

Millington National Bank, Millington, Mich.?..

60,000100,00050,00050,000200,00025,00030, 000

2,000,000

25,000100,00050,000200,00050,00025,00025,00050,00050,000150,00025,000

do. . d o —. . d o —

Oct. 14,1933

Oct. 16,1933..do...

Oct. 24,1933..do...dododo

Oct. 25,1933do

94,08472,982

130,15'300, 732

188, 725169,863170,134222, 569

1, 283, 32344,968239, 251

8, 497, 612

95, 271491, 672483, 784826, 764635, 896

dodododo

104,486186,8173Q9,731m, 215

Footnotes at end of table, pp. 448 and 449.

396,846153,555

198,549868,405

257,070779, 627179, 808200, 325

1, 712, 64158,727298,400

14, 864,080

203,443381,070560 %m

37$, 76690J&

78,078

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Page 424: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars21,164

47,491

20,25432,871

6,46225,19713,558

5244,217

14,94232, 522

65876,520

18,56345,883

1,18210, 56059, 54031,25916,4989,343

55,31117,86416,06938,085

30,94877,621

2,82439,353

23, 55610, 873

21, 680125, 218

40,029316, 612118, 292

4,40089, 73716,90841, 073

5,410,493

29,179108, 755

3,06755, 2964,359

20, 71723,140

102,29755,95623,15929,414

Addi-tionalassets

receivedsince dateof failure

Dollars161

132,854

2,07321,12529, 5253,372

34,9676,0915,6841,336

24,5597,352

262

8,3828,600

36, 601152,35861,03430,835

4682,798

18,9721,069

65236,968

16,23917,087

13, 55740, 275

1295,372

14, 61846, 706

108171,32613,188

45234,892

17, 6962,020

1,333,479

8,45117.992

2,41050,12557,049

1625,273

103,9606,699

75,869

Totalassess-mentuponshare-holders

Dollars50,000

130,000

50,00025,00060,00025,00025,000

25,00050,00030,00025,00050,000

50,000100, 00025,000

300,000100,00050,00025,000

50, 00025,00025,000

100, 000

50,000

25,00025, 000

50, 000250,000

60,000100,00050,00050,000

200, 00025,00030,000

25,000100,00050,000

100, 00050,00025,00025,00050,00050,000

25,000

Total assetsand stock

assessment

Dollars348,459

1, 450,872

511,518314,384

1,509, 236211,231253, 602146,810166,036398,057400,775175,670395,237

268, 9286,69,449330,463

3,410,1322, 757,213

595,967240,061214,946

203,406178,418191, 768

1,805, 372

1,100, 558658,026

110,615739,067

539,615267, 782

415,0041,591,061

545,9321,537,428

531,422477,339

3,520,593163,299610,744

30,105,664

361,3441,099,4891,099,4532,054,0061,127,070

54,786403, 205568,968907,657

1,782, 785176,890

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars152,147

429,619

187,143142,335387,84774,48869,00091,68060,719

102,307161, 61375,432

146,242

108,346312,023130,803

1,655,4241,482, 367

248, 71984, 807

115, 839

28, 39267, 47375, 408

989,391

681, 341285, 248

56,289101, 550

186, 30895, 787

138,830184,010

184,368452,449162,372184, 683744,11947,672

248,14915,502,675

78,262540,471580,086

1,320,621719, 370

16140,004138,234334,816

1,223, 75148,185

Cash col-lections

fromstockassess-ment

Dollars15,000

50,125

9,01213,3753,075

16,204850

19,79711,550

777500

15, 250

10,19938,82318,863

28,8104,504

14,165

16,0929,748

16, 28722, 670

2,044

8,7702,180

15,13748, 218

21, 21240, 789

7,868

9,694436

2,025

57,55918,7883,6426,9001,200

11,20028,13013,031

6,565

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars9,628

20,745

15,7589,586

29,0796,2841,86$2,9334,035

12,01811, 2717,4236,758

12,02213,11610, 79494,90160,42814, 3044,7887,208

3,6985, 3715, 334

36,891

18, 36812, 079

3,43512,188

17,9425,696

6,30420, 802

11, 58320, 724

2,7992,308

44,3822.065

14,169651,966

8,44911,12325,15557,53637,966

6911,2044,307

23,71814,7642,643

UnpaidbalanceR. F . C.

lpan

Dollars35,200

359,000

86,000

1,50032,800

79,70017,000

300

3,500

12,200

21,100

" " 2 2 7 8 0 031, 798

92,40066, 800

4,000148,800

16, 500

45, 200

111, 000

36,800223,077

18,30022,600

3,065,190

39,90034,589

68,259

11,400

Offsetsallowed

andsettled

Dollars9,120

38,340

12,8858,861

16,3918,7225,4596,6064,611

10,31336,629

6,03626,870

9,5129,0235,277

127,00623,5078,047

11,99111,040

3,4339,7146,558

70,218

71,63060,627

6,0676,957

9,11217, 593

38, 76122, 266

10,44618, 521

18610,701

150,7901,995

11,8331, 754,866

5,81043,79418, 34178,97735,833

7,17612,45324,21130,928

3,914

2416

2417

2418241924202421242224232424242524262427242824292430243124322433243424352436243724382439244024412442

24432444

24452446244724482449

24502451

24522453245424552456245724582459

24602461246224632464246524662467246824692470

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Page 425: Annual Report of the Comptroller of the Currency 1934

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

2416

2417

2418241924202421242224232424242524262427242824292430243124322433243424352436243724382439244024412442

24432444

24452446244724482449

24502451

24522453245424552456245724582459

24602461246224632464246524662467246824692470

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars221,095

897,829

310,798174,157436,392107,198109,978101,21989,162

215,888227, 29089, 691

195,120

143, 579372,985165,737

1,877, 3311,595,112

287,774115, 751155,187

51,61592, 306

126,3871,150,968

863,739424, 754

69,791271,539

238,632121, 256

244, 232275,296

227,609643,483173, 225234, 492

1,172,06270,468

298, 77620,974, 697

132,421687, 536642,370

1,460, 776800,069

1,285169, 584183,124464, 035

1,269,44372,707

Loss onassets com-poundedor soldunder

order ofcourt

Dollars1,003

12,315

6,368491

84,9179,426

165

6,138

1,0451,8623,450

2,17269,30950,88655, 574

340,4292,670

12,1393,654

3,4153,898

197,945

19,71316

2,20217,048

26, 73527,707

2,2416,360

14,190100,150

5,114

68

12,0881,094,926

28,09885,24054,786

156, 39111,965

43,7472,892

34,45095,31(

Book valueof remain-ing uncol-

lectedassets

Dollars136,189

840,598

255,122137,697960,081

93,595153,97848, 52469, 568

235,437171,48867,340

168,675

98,898179,094118,497

1, 272,128810,910286,531106,12484,413

121, 58172,81680,904

447,818

327,874312,135

46,057563,512

292,460101,695

185,1721,128, 425

276,928866, 308313,750231, 955

2,425, 61688,632

308, 67411, 753,197

224,174329,984396, 240398,017309,902

29, 770187, 278365, 389464,180432,79099, 787

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars35,000

79,875

40,98811,62556,9258,796

24,150

5,20338,45029,22324, 50034, 750

39,80161,177

6,137300,000

71,19045,49610,835

33,90815 2528,713

77,330

47,956

16,23022,820

34,863201,782

38,78859, 21142,13250, 000

190. 30624, 56427,975

25,00042,44131, 21296,35843,10023,80013,80021,87036, 969

18, 435

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

• 199,051s 116,462

9 4,884

111, 337

8 103, 492

390,998

9 71,009916,376

9 328, 2919 75, 604

9 45, 735

To un-securedcreditors

Dollars

» 255,563

9 1,389,80391,347,200

9 304,934

9 412, 75493, 587

8 408, 630

8,005 093

»465,9939 362, 0669 565,3619 305,838

9 729,092

Dividends paidby receivers

On se-curedclaims

Dollars6,383

1,992

12,32821,195

26, 830

6,393

8,659

4,477

9 47,952

On un-securedclaims

Dollars119,064

532,972

63,40864,656

58,67342,331

9 51,90048,04149,43669,4939,644

62,725

13,58868, 57882, 333

9,23250, 50783.399

317,19993,351

20, 888157, 597

82, 22358,496

71, 060

324,388

40,975

38, 999159,649

41,646

115,974

9 280,951

18,516

Footnotes at end of table, pp. 448 and 449.

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

Page 426: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars78,368

309,993

227,53472,694

338,93530, 35655, 38429,10017, 763

140,101116,370

51,328153,501

68, 7289,382

13,846171, 266

25, 591226, 63630,81136,646

24, 23723,13818,830

772, 444

94, 592102,891

40,45764, 220

132, 41936,771

152, 780158, 201

150,031261, 715139,404170, 691570, C96

22, 430108,299

9, 693, 570

75,43444,422

135.928510,119245,272

36,685103, 25081,360

340, 27542, 382

Cash ad-vancedin pro-tection

of assets

Dollars99

363

1,14725

71511229

110146

126395

359479968589

3,658107225

33

2,49970

9661,205

20,117

421

13880

6698,752

9662,6161,713

4073,649

4,2968814

4,716

319292

1,142797

Conser-vators'

ex-penses

Dollars3,730

8,168

6,4333,4637,6002,2783,0381,4851,6074,7855, 6972,0594,789

2,8844,6674,772

23,08810, 3736,5001,1432,912

2,0403.6632,551

12, 738

13, 2438,056

2,2112,706

5,4353,404

4,41313,621

6,2349,8545,0468.216

20,4421,7185, 068

212, 785

3,1442,9928,314

20,4937,440

3,3052,8685,179

12,4911,691

Keceiv-ers' sal-aries,

legal andother

expenses

Dollars7,777

13,300

7,3684,794

13,6555,0714,5652,5294,5415,0966,0723,2819,127

4,7293,7345,866

18, 7287,8316,8214,6043,934

3.0004,6565,2999,956

11,9719,703

3,2769,876

5,837, 6,047

6,32412,908

9,84613, 7579,5149,591

19,1274,7279,192

163, 426

5,60313,4426,5167,7156,606

7555,0786,3958,8098,0293,624

Cash inhands

of comp-trollerand re-ceivers

Dollars5,674

33,033

4,90828,52575,4878,7164,631

16, 20517,10016,32417,3302,058

27,308

4,51399,280

140, 77474,42787,066

3,74110, 50829,137

13, 07310,34213, 80945 942

13,0144,624

2,95910,630

12, 7187,458

9,64289, 686

60,82925,01718, 2952.403

48 5622,594

11,6842,505,176

6,59485 382

113,08228. 783

154, 593530

8,22370, 31938,642

133,0246,491

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars155,130

726,113

167, 278129, 678507, 907122,005105, 68779,82887,360

123, 569161, 61276,462

162,486

86, 709393,125218,053

2,138,1602,190, 585

347, 557152,442131, 348

26,94491,831

115,832759,478

906, 208279, 336

23,209512,468

331, 271150, 054

142,164692, 308

247,906811, 222

94,328136, 591

2,049,15670,908

410. 31316,108,065

206,059775,678854, 554769, 808609,848

27,943309,262175,355694,137

1 626 43574, 064

Divi-dends(per-cent)

80

74

4450

5040

»6555404335

72.59 65

9 659 65

114580

355572

M0

»8063.33

9032

2545

50

4030

8 25554050

249 609 45«709 50

375

»459 60

25

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Sept . 3,1934

Sept. 7,1934

Oct. 15,1934

2416

2417

2418241924202421242224232424242524262427242824292430243124322433243424352436243724382439244024412442

24432444

24452446244724482449

24502451

24522453245424552456245724582459

24602461246224632464246524662467246824692470

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

Page 427: Annual Report of the Comptroller of the Currency 1934

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

-471247224732474

2475247624772478247924802481248224832484

2485248624872488

248924902491

249224932494249524962497

24982499250025012502250325042505250625072508250925102511251225132514

2515251625172518251925202521252225232524

2525

Name and location of banks

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.*

Capitalstock atdate offailure

Dollars25,00075,00050.00C25,000

25,00025,00C

150,00075, (XX

100,00075,00025,00050, (XX

100,00075,000

75,00050,00050,00025,000

50,00025,000

300,000

60,00050,00040,00025,00025,00025,000

50,00025,00065,00025,00025, (XX50,000

100,00025,00050,00040, (XX25,00025,00025, (XX25,000

100,00025, (XX

2,000,000

50,00050,00050,00125,00025,00150,00025,00(25,00040,000

1, 750,000

75,000

ceiver ap-pointed

Oct. 25, 1933do._. r.dododo

Oct. 25,1933Oct. 26,1933

dododododododo

Oct. 27,1933dododo

dododo

-. doOct. 30,1933

do_ do

dodo

dodododododo

Oct. 31,1933dodododododododododo

Nov. 1,1933dodododododododo

Nov. 2,1933

do

Book valueof assets

at date offailure,

estimatedgood

Dollars141,802338,173134, 04362,942

104,48750,001

369,337249, 037434, 762

85, 89378,964

237,746346,912145, 431

272,850

132,564135,189

187, 27269, 69(

242,538107, 21c83, 208

192, 87767, 270

191, 37678,944

375, 4&74,05045, 02c

35, 950127,446106,8256, 40^71,700

101, 52854,900

524,982210, 541

7, 462, 720

179,974108,05278,42778, 32464,15c

213, 506101,65c

79, 515164, 727

12,854,941

Book valueof assets

at date offailure,

estimateddoubtful

Dollars45,75654,424

188, 72240,524

157,138122,102

1, 729,025444,803857, 457134,49944, 798

221, 2791,156,877

134, 028

389, 610

354,824185,175

83, 652205,466

126,99573, 70793, 698

203, 43082,355

154, 65483,904

249, 20643, 691

106, 664

75, 785178, 570333, 02090, 787

128, 212199, 36C

52, 285201, 782214,89c

6,389, 942

135,864277, 692

77, 98259, 618

103,42377,45494,11471,142

110,0859, 271, 569

Footnotes at end of table, pp. 448 and 449.

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

Page 428: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars10,0373,233

28,334912

4,861651, 49948,084

179, 0354,1036,219

15,3744,323

23, 580

57,847

19, 72519,025

4,069138

147, 52914,8473,837

22, 55110,774

1,6819,649

78,7594,364

13,216

20,30034,8021,985

26,80417,4134,6847,647

32,12661,068

3,242,901

7,27052,71240,37979, 710

1,3402,1112,4207,6227,939

2,894,190

Addi-tionalassets

receivedsince dateof failure

Dollars85

14018,1182,298

5924,021

131,83535,00427, 305

1,777116

24,98410, 012

113, 956

54, 670

89, 51010,466

22, 32438, 366

27,84629, 77921,12481,86822,369

20, 742277

29,194806

9,075

60,6188,713

22,59628,93040,41720, 2066,938

14,38124, 213

263,400

5,29528,599

1,1676,213

22,55323,96720,130

1,33419,903

204, 503

Totalassess-mentuponshare-holders

Dollars25,000

50,666

25,000

150,00075,000

100,00075,00025,00050,000

100,00075,000

75,000

50,00025,000

25,00025,000

60,00050,00040,00025,00025,00025, 000

50,00025,000

25,00025,000

25,00050,00040,00025,00025,00025,00025,000

100,00025,000

2,000,000

50,00050,00050,00025,000

25,00025,00040,000

75,000

Total assetsand stock

assessment

Dollars222,680395,970419,217106,676

287,217180,985

3,031,696851,928

1,598,559301,272155,097549, 383

1,618,124491,995

849,977

646,623374,855

322,317338,660

60,001494,908265,546226,867525, 726207,768

418,453197, 774732, 563147,911198,978

217,653399,531504,424227,925282,742350, 778146,770873,271535, 723

19,358,963

378,403517,055247,955248,865191,469317, 038243,317184, 613342,654

25, 225,203

75,000

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars81,33074,386

155,39557,842

151, 717112,539597,039253, 596627,49366,46959,484

278,957332,059129,861

301,068

168,968121,910

145,21470, 442

170,973101,13592,708

255,38951,227

171,17660,563

266, 22767,63070,115

39,849172,839136,98966,89473,908

139,64757,052

104,409189,030

6,858,258

111, 661118,36180,46877,24270,485

201,15471,06188,767

101,434

Cash col-lections

fromstockassess-ment

Dollars6,800

1,250

13,112

50,90933, 51456,9053,763

90010,42412,63017, 959

26,31716, 218

* 15,3986,727

9,80020,9008,4094,584

14,1146,760

8,634500

16,067

8,0717,316

31, 50518,5485,8115,350

10,98028,177

125408,113

4,60623,24518,75823,400

18,58415,88321, 265

31,436

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars6,372

15,1913,7263,967

6,8796,116

50,73816,30265,8516,1034,129

16, 27949,7276,251

14,465

12,70936,941

6,7548,644

713,7205,5003,7238,6153,428

9,6684,099

11, 6073,3035,325

2,8769,3737,3735,7255,382

10, 5874,452

16,5263,700

385,204

10, 2558,2285,6865,2016,8844,8703,2961,7215,987

41

UnpaidbalanceR. F. C.

loan

Dollars

2,900

4,900

359,02391,900

13,300

25,201362,100

86,200

41,60040, 700

31,70074,000

41,000

14, 500

25,000

17,400

17,900

14,20016,700

18, 50033, 50013,500

2,348,426

57,500

3,90040,6006,500

31,400

56,300

Offsetsallowed

andsettled

Dollars2,8675,3462,8625,199

3,8406,254

92,11431, 59567, 7906,1533,375

23,49919,13916,608

23,495

29, 5517,103

15,1236,954

14,0747,4938,114

20,8083,275

13, 0186,377

26,2207,231

11,511

5,90414,99013, 5997,9827,2669,1557,5909,5838,598

1,008,911

13,05113,8466,9349,2295,1107,3653,2393,149

10,275

2471247224732474

2475247624772478247924802481248224832484

2485248624872488

248924902491

249224932494249524962497

24982499250025012502250325042505250625072508250925102511251225132514

2515251625172518251925202521252225232524

2525

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

Page 429: Annual Report of the Comptroller of the Currency 1934

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

2471247224732474

2475247624772478247924802481248224832484

2485248624872488

248924902491

249224932494249524962497

24982499250025012502250325042505250625072508250925102511251225132514

2515251625172518251925202521

25232524

2525

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars97,36994,923

163,23369,908

180,448124,909

1,149,823426,907818,03995,78867,888

354,360775,655170,679

425,228

279,145222,872

214,189166,767

9,807260,667122,537123,629298,92689,690

202,49688,939

304,05478,164

120,918

70,900221,218189,466117,649125,867178,23980, 074

158,695201,453

11,008,912

197,073163, 680111, 846118,972123,079219,889127,580109,520195,261

31,477

Loss onassets com-poundedor soldunder

order ofcourt

Dollars

1,5009

2,423

15,82810,934

175, 54912,42091,295

1,029

7,24129,384

1,607

3,7606,298

2,213

7,7461,055

49412, 263

207

62415

24,288

2,780

12,0271,335

10,0046,294

12,6997,234

814524,052

1,53331,2193,2801,3873,588

143,5608,691

510

Book valueof remain-ing uncol-

lectedassets

Dollars113,483314,738210,95141,212

90,83251,258

2,016,994479,317711,981152,62167,238

189,6861,137,542

268,919

450,414

394,344214,544

134,767236,264

1252,115115,863100,551212,266128,059

183,635105,819415,82848,05089,572

134,873160,367303,832121,755163,869169,74257,128

659,279312,281

8,967,742

202,158303,629107, 273136,007112,286108,505140,45759,006

190,43525,225,203

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars18,200

48,750

11,888

99,09141,48643,09571,23724,10039,57687,37057,041

75,000

23,6838,782

9,60218,273

50,20029,10031,59120,41610,88618,240

41,36624,500

25,0008,933

16,92942,6848,4956,452

19,18919,6oO14,02071,82324,875

1,591,887

45,39426,75531,242

1,600

6,4169,117

18,735

43,564

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

»30,102

To un-securedcreditors

Dollars

23,479

»4,121,943

Dividends paidby receivers

On se-curedclaims

Dollars

3,636

95,814211

49,240

On un-securedclaims

Dollars

35,623

66,90196,102

192,165

18,389

»150,193322,234

19,025

154,184

172,813145, 257

127,62765,886

6,657136,57669,50451,023

169,96730,982

53,47044,226

41,197

25,15675,35774,292

62,33169,32933,143

115,158

29,62254,60783, 734

153,25075,36961,295

122,135

25,057

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 430: Annual Report of the Comptroller of the Currency 1934

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

Cash ad-vancedin pro-tection

of assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto share-holdersin cash

Amountof claimsproved

Divi-dends(per-cent)

[nterestdivi-dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollar,84,01373,51289, 48626, 751

67,9226,370

335, 603190, 275318,80457, 67152,458168, 716294, 309124, 606

246, 261

Dollars16

83,40344,516

72, 60587,615

91,08338, 41361, 86566, 70445,938

121,04831,910257, 76929,36462,511

37,629123,45879, 03847,93050,68895,15531,917101, 785110, 623

5,788,296

59,108115, 20856,19339, 78129, 35551,38924, 51118,86'51,307

307144

Dollars2,2704,4712,191

3,0011,221

7751

250201

1,824

16

4,4731,918

21,1868,202

13, 6984,2003,5328,3718,5615,285

10,430

Dollars4,62(9,8374,1094,812

4,8783,50518, 32710,30916,9466,3183,2517,32711,9136,497

7,832

Dollars6,4447,103

67,1402,578

36, 27417,014

771, 70624, 735445,0355,5238,64719, 50342, 62313,231

6,505

Dollars

256

21

6,7343,293

3,3041,672

8,1347,138

3,8095,186

7,80522,668

6,8446,387

1,27072

339

399214

4,7382,2182,5354,2001,577

5,2773,00014,7912,4832,794

8355,5473,5154,3625,1594,566

4,5293,8389,6333,8514,992

2,31521,4538,8153,84452,8816,606

17,8335,96521, 46242, 2529,424

15116

377163

1,145

1,541132

1,154

921744

127176

1,9795,8043,3463,3242,5062,9962,8406,9846,166

284,961

5,22'3,7742,6383,491

4,37'1,4772,54"3,428

3,1716,1316,5223,6413,4714,4143,15r7,7726,207

76, 365

7,1805,5964,0813,3,8385,3014,7803,6514,318

2,81410,45225,89113, 3515,7266,3459,02240, 61378, 325706, 091

10,40038,91419, 31217, 2676,0605,398

21, 43923, 03313,897

Dollars112,442182,17955, 73647,848

159, 287145, 609

2,199, 716384, 650950,48872, 56245, 335241,497

1,045,13478,310

333,171

654025

50

345, 626223,472

146,097

5065

45

66,570210,117107,52085, 257310,05589, 279

132, 71088, 232

106565605535

6054

53,46368,664 60

69, 322153,621297, 29098, 625143, 670153, 56360, 318467,456210, 578

i, 249, 407

177,166259, 23574, 056

137, 698113, 326161,315145, 417111, 642174, 793

4048255043.54555

9 50

65

40407495525570

Ju ly 27,1934

J u n e 6,1934

Oct. 9,193'Aug. 27,1934

2471247224732474

2475247624772478247924802481248224832484

2485248624872488

248924902491

249224932494249524962497

24982499250025012502250325042505250625072508250925102511251225132514

2515251625172518251925202521252225232524

25251,720 4,700 100,229 25

106093—35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 431: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

252625272528252925302531253225332534253525362537

253825392540254125422543

2544

2545

2546254725482549255025512552

2553255425552556255725582559256025612562256325642565256625672568256925702571

257225732574257525762577257825792580

First National Bank, Jewell Junction, Iowa 7

First National Bank, Exira, Iowa 7

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,

111.7

Dollars25,000 N35,00025,00050,000

ov. 3,1933do.

_do_..do..

. . .do

. . .do—25,00025,00025,000

100,00050,000

200,000600,000 Nov. 6,1933

.. .do.

. . .do

.. .do._do_.

300,000

100,000100,000

1,000,000100,000

_do_.

_do_._do_.

50,000250,000

-do.,.do-.do.._do_.

1,500,000

100,

do

000 Nov. 7,1933

_do.-do_.

100,000100,00050,00050,00025,00025,000 do

125,000 Nov. 9,1933

doNov. 8,1933

do.

50,0001,040,000

50,00050,00050,00035,00025.000

-do-.Nov. 10,1933

do...do—.._do.-do—

Dollars83,223108,600101,349150,29977,65387,14171, 673524,802364,309264,192

3, 624, 5472,416,705

480, 2691,838, 5564, 228, 968315,835364,40623,000

8,355,164

2,126,995

336, 749206,309240,123164,43849, 706106, 545393,493

1055, 212,954137,083103, 701101,976

do50,000 Nov. 13,1933

do.50,000400,000 do—25,000 Nov. 14,1933

do—75,000400,000200,00030,000 N o v25,00050,000400,000

72, 240740,179181,813

2, 770, 75043,407

. 15,1933dododo

2,444,5207,320

700,000 Nov. 16,1933

22, 534198,541

2,117,9432,818,899

80,00030,00025,000

..do.,.do...do.

100,000 Nov. 23,19335,1933

.do.50,000 Dec.350,000400,00025,000100,000

_do_..do..do

99,370105,588496, 396197, 781

2, 528,3103,504,339

73, 201502, 678

Dollars151,64491, 780184, 788191, 74639,332171,98479,463927,004307, 398229,118

3, 747,1064,231, 603

54, 711497, 580

3,397, 235495.191467,929537, 519

7, 361, 221

1,465, 304

436, 665296, 540461,462281, 031112.192109, 396935,895

76,8861,807, 698142,191100,218173,900

65, 952636,40992, 762

3,088, 53184,773

1,977, 347849,045

95,152274, 622

2, 747, 7721, 557, 535

5,139168, 744101, 363668,81083, 754

1, 018, 7012,468, 780

76,086612, 502

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 432: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue of

date offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Total

mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstock

ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars7,0227,2198,527

65, 7199,924

4,24251,07120,760116,801344,813253, 379

188145

975,19750,83971,09378,961

1, 401,96'

10,046

35, 250

Dollars16,62718,64616,420

1,30060

3176,7012,1005,932

216,1696,4939,9584,716

533,490

17, 74070,18017, 33510,13135,384

Dollars25,00035,00025,00050,00025,00025,00025,000

100,000

Dollars283,516261, 245336,084459,064151,969284,442187,079

1,604,977

287,301161, 288

5,3595,475

454,909780

15, 704

200,000600, 000300,000

1,000,000100,00050,000

250, 000

6(775

54,660

9,79911,0559,6835,300

334321

30,958

21, 503689,845100,00722,84714, 256

100,000

35,00025,00050,00050,00025,00025,000

125,000

50,000

50,00050,00050,000

836,9798,603, 7677,362,975

540, 5272,341, 75610,056,309

962, 645969,132

17,125,127

3,757,005

853,463538,904977,437507, 262197,190245,978

2, 018,836

166, 2347, 780, 67'

446,616286,897375, 516

Dollars132,888102,010150,892156, 51158,42984,94439,802

739,655507,698249,921

4,171,3872, 503,138

410,0231 ,624 ," -4,026,100

229,293500,143

Dollars22,71412,29718,40017,509

3,70015, 7132,872

71,464

491, 41361, 534

187, 371

Dollars10,5474,9869,3357,5831,9518,6962,446

47,15313,60212,090

108, 213118,124

39,07429,026

Dollars21,100

9,9002,20019,40011, 200152,900

10,429

189,62114,764

37,600693,200152,867

48, 500

669,056

19,620

Dollars18,0507,836

10, 20242, 227

2,6037,7823,791

38,95315,19412,411

272, 253410,806

31,00316,815

697,90131,85615, 576

4,692,499

1,173, 287

466, 696312, 739220,168227, 36838, 276111, 565456,473

9634,402,812144,012115, 674111,445

66, 675

17,95323, 03125,9139,7392,25017, 51728,926

4,171

12,7406,862200

319, 520

122,028

22, 68514,1276,22211, 3251,1715,94325, 737

750155,3896,4133,0196,717

2,875, 556

757, 947

10,200

1, 034,875

172,175

20,30016,79015,6266,7412,3898,53675, 440

630, 4007,9Q09,70023,400

311,8053,2793,0689,840

252625272528252925302531253225332534253525362537

253825392540254125422543

2544

2545

2547

255025512552

2553255425552556255725582559256025612562256325642565256625672568256925702571

257225732574257525762577257825792580

16,05527,62748,74'477,94921, 111

71,92126,64034,122390,63f6,573

25,00050,00050,000400,00025,000

251,1681,480,855407,444

7,127,862180,864

73, 354882, 501201,930

2, 775, 76442, 292

7,14917,6682,022

166,4724,078

1,28334,0163,674

119,0702 —

16,800

651,1996,000

79,96714,397

388,8379,366

402, 239238, 722

3,980248

275, 275713, 520

81,3995,06310,98817,34939,98334, 214291,71318,14522,654

3,8092,700

5,3238,66295,102367, 516

28,2763,51435,53516,24499,232291,7986,545

400,000200,00030,00025,00050,000

400,000700,000

80, 00030,00025,000

400,00025,00050,000

5, 227,9151,297, 787

30,000151,989532, 073

5,636,0926,157,470

166,538331,453246,453

1, 218,090337,762

3,680,4576,956,630198,977

1,187,834

1, 224,890128,015 125

160,004 660, 300 64,937

31,818358,117

2,558,8412,318,654

1,025121,90797,165314,045186,968

2,290,1042,912,429

80,993

10,40031,14099,085192,181

3,51923, 2205,404

259,8418,629

4,92815, 513115, 286106,129

1,12012,0826,17117,38210,37497, 26591,3993, 560

9,800

676,642543,997

3,07121, 526

231, 585310,064

7,40014,900

~~8,~266

"Ii,"o66

14,3114,329

127, 27334,928109, 734495,216

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

Page 433: Annual Report of the Comptroller of the Currency 1934

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

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Loss onassets com'poundedor soldunder

order ofcourt

Book valueof remain-ing uncol-

lectedassets

Bookvalue ofremain-ing un-

collectedstock as-sessment

Conservators'distributions

Bookvalue ofassets

returnedto share-holders'agents

To se-cured

creditors

To un-securedcreditors

Dividends paidby receivers

On se-curedclaims

On un-securedclaims

252625272528252925302531253225332534253525362537

253825392540254125422543

2544

2545

2546254725482549255025512552

2553255425552556255725582559256025612562256325642565256625672568256925702571

257225732574257525762577257825792580

Dollars205,299127,129188,829233, 73068,883136, 53560,111

1,050,125536,494347,910

5, 736,4663, 246, 469

528, 6001, 670, 7075, 770,049275,913545, 768

Dollars26,0782,99019,1433,219

8,922,450

2, 292,112

527, 634366, 687267,929265, 37344,086143, 561586, 576

5,8845, 500,406

174, 344138, 323151,602

9,087665

90,68833, 21311,003

152, 769160, 219

809109,90275, 7556,392

84,636

5,855

42,154

67,12273,9947,26128,836

1915,37929,094

157,8213,5386,467370

Dollars81,500113,409130,847207,10765,937157, 629117,821635, 681142, 294363, 644

3, 407,3583,988,812

590,1734, 256, 553

595,104318, 777639,480

11,391,898

2, 269, 389

264, 345110,381684, 382194, 3r131, 50685, 498

1, 332,829

115, 2712,908, 239245,78r111, 688203, 861

Dollars2,286

22,703

Dollars Dollars Dollars Dollars

32,49121,3009,28722,12828,536

Dollars118,76542,165116,012116, 370

164,112108, 587238,466

» 26, 2549 18, 613

9 8,4589 406, 332

83895,86537,151

812, 629100,00039, 571250,000

9 58, 2419 18,230

9 437,105

9 3,164,4179 2,423, 235

9 173, 4259 1,180,4709 1,907,190

.. 81,6811,991, 503

151, 583

9 10,89, 9 435, 574

33,325

17,0471,969

24,08740, 26122, 7507,48396,074

45,829

9 26,978

1 3,094,1889 948, 385

9 378,8669 166,182

9 42, 251 » 127, 600 1, 065 49,079

115, 293

37, 26043,13849,800

9 30,119 9 1, 299,457 9,73J12, 229

7,184

971, 518101, 77438,30838,288

102, 6741, 014,152

222, 0234,101, 342

64, 718

1642, 67016,801160,4922,431

148, 710425, 71124, 316

3, 402, 769101, 775

17,85132, 33247,978233,52820,922

23,004

9 949, 2869 155,1649 679, 748

13, 079

2,178, 797134, 6277,035

60, 017426, 296

3, 681, 4393, 471,025

5,664178, 920127, 969458, 700240, 470

2, 497,1033, 758, 885

113, 576

42, 72439, 383

3, 495, 364

7,27253, 44617, 07315, 479

4,36818269

15,964

245, 5161'

84,82848,984

2, 428, 5932,813, 273

85, 513160,86;119, 777776, 70399,902

1, 280,6192, 903, 469

83, 5731,137, 834

331, 334199,87522, 96514, 60018,860

300,91507,819

76,4816,78019, 596

2,800 826, 3443,602

• 654, 0739 299, 959

« 1, 350,1049 1,161,183

10, 45217, 999

280, 679

66,90823, 342

140,15916,37150,000

9 166, 5839 180, 017

9 114, 6639 751,1341,902, 842

68, 390

"58," 571

Footnotes at end of table, pp. 448 and 449.

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

Page 434: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars66,61066,41332,43298, 38333,44722, 78311, 057

362,92672, 551

240, 678275, 017621,094

129, 74591,343

2,853, 679190, 269

50, 588

5,402, 350

965,103

36,86348, 059

182, 44924,95817,61111,536

183, 346

3, 012, 86442,37085, 05390, 435

68,928151,59335,410

2,094,60542,500

1,193,005119,963

23,08469,125

1,388,4651,670,709

92, 24292,648

327,56943,327

1,197,3971,314,271

40,851

Cash ad-vancedin pro-tection

of assets

Dollars109312

638125

62155943

126394

5,722

232543

10, 721

28

3,948

563

1,053

9036013141

1,064

1,946106162

1,167145195

4,593

7,157953

6193

5,1653,793

641

10,131

4,9893,037

Conser-vators'

ex-penses

Dollars2,8133,7213,1813,9181,8101,5643,168

10, 2456,6209,274

41,14723, 618

6,1429,653

127,150S, 0647,349

135,405

25, 774

8,1886,2887,7527,5573,2872,502

14,910

67, 7573,0142,2103,751

3, 2309,8014,912

72, 7222,042

64,583

2,2685,247

49,06736,270

4,1242,143

10,3614,585

32,96754, 2422,944

Receiv-ers' sal-aries,

egal andother

expenses

Dollars4,0503,7846,7208,2244,5774,1314,074

16,1285,4039,990

18, 57223, 524

7,0469,466

73, 92111, 4476,505

73, 812

45, 511

5,9354,1248,7965,6183,0154,980

21, 064

1,75228,0504,9005,0748,725

3,1617,6077,677

55, 2513,504

45,9277,464

3172,8727,939

20,01918,593

8154,5904,3429,3912,447

16,12824,4944,939

Cash inhands

of comp-trollerand re-ceivers

Dollars12,95210, 70430, 484

6,19728, 92412,1923,202

625, 55526,932

6,161245, 416149, 276

2,186361, 002360, 28366,13334, 831

212, 747

306, 776

69, 751142, 03468, 8426,885

20, 0429,209

366,192

4,13278, 9609,9517,5163,219

3,184845,006

18,665245,137

3,593

38,9812,6456,718

13, 78852,661

214,546280,518

4,84911,0505,453

101,2487,058

327,905279, 982

6,271

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars133, 603

72, 502195, 838242, 443

99, 628191, 589106,144

1, 318, 328477,832240, 244

6, 352, 2145, 331,165

336,8501, 972, 5403, 836,812

651, 222

2, 272, 233

587, 975332, 303574, 385380,119104, 952172, 940

1,175, 331

96, 8943, 272, 013

183,87669, 653

181,889

54, 2261, 111, 857

228,1752,745,014

73, 216

2,930,373489,335

60,001348,657

2,698,3982,276,888

35,657145,02085, 317

713,002229, 225

3,813,14797,618

Divi-dends(per-cent)

90606048

5035

9 509 85

348 81a 45

8 959 609 50

9 60

9 40

9 40

9 659 50

8 55

66. 6667

8 70625525

50

9 689 25

18

30100

3085

9 509 50

4828

8 809 459 50

60

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

M a y 10,1934

M a y 12,1934

252625272528252925302531253225332534253525362537

253825392540254125422543

2544

2545

2546254725482549255025512552

255325542555255625572558

256025612562256325642565256625672568256925702571

257225732574257525762577257825792580

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

Page 435: Annual Report of the Comptroller of the Currency 1934

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

2581258225832584

25852586

25872588258925902591259225932594

25952596259725982599

26002601

2602260326042605

260626072608260926102611261226132614261526162617261826192620262126222623

2624

2625262626272628262926302631263226332634263526362637

Name and location of banks

Garrett National Bank, Oakland, Md.7

National Bank of Commerce, Adrian, Mich.7

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

First National Bank, Hull, Iowa i

Capitalstock atdate offailure

Dollars100,000100,00025,000

300,000

100,00050,000

100,00050,00050,00025,00025,00025,00080,00025,000

50,00025,00C25,00025,000

200,000

25,000200,000

40,00050,00025,00075,000

35,00025,00C25,000

ceiver ap-

Dec. 5,1933dododo

doDec. 7,1933

—_do____do_._.do_.. . . .do. . . .doDec. 8,1933

dodo

dodo

. . . .dododo

dodo

Dec. 9,1933Dec. 11,1933

doDec. 11,1933

dododo

100,000'Dec. 12,1933100,000 do100,000 do100,000 do2 5 , 0 0 0 . . . do50,000 !Dec. 13,193350,000i do

100,000 do125,000 do50,000

100,00050 00C50,000

125,00C50, 000

50,000

50,00025,000

400,000500,00020t), 00C

50,000100,00050,00025,00050,00025,000

200,00(35,00(

dododo

Dec. 15, 1933do

Dec. 18,1933

do

dodo

Dec. 19,1933dododododododo __._dodo

Dec. 20.193J

Book valueof assets

at date offailure,

estimatedgood

Dollars630,856351,245172,845

1, 362,994

275,072735,947

90,415136, 385

93, 79949,98981,19348, 357

426,07558, 610

179,48935,30892,99C

227, 872883,940

71, 66790,062

347, 241711,851

83, 6261,345

179,44362,551

138,689355,624152,671794,703

73554,51S

139,941227,722301,320375,500430,699

24,065133 05383,427

409,045160,102

474,967

253,112147,178

1,877,7882,216,2381,138,179

139,946

622,330153,619506,944

2,7431,897,971

90.886

Book valueof assets

at date offailure,

estimateddoubtful

Dollars462,056527,199242, 516

1,162, 698

314,362218, 783

260,512274,491104, 580142,80251,15259, 247

753,038190, 566

255,43332,074

105, 586214,496702,004

41,969296, 531

123,917335,352218,06863,324

345,304150,887244,069419,194377,804

1,087,69150,97531,338

370,529461,965739,580749,652303,721154, 252111 888125,483583,762171,335

183,669

170,211226,945

3,383,9313,304,6371,575,838

176,323

501,510121,315317,218

11,6891,847,986

108.205

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 436: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-ions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars6,261

43,9386,781

43,43;

164, 21137,978

65, 67320,568

178,07125, 9263,559

32, 310143, 621

4,019

5,16412,2512,900

30,80424, 592

1,53541,891

37,49833,13013,44459,101

34, 6121,875

38,433578

136, 799109,38340,81"5,011

96,09910f 37571, 50616,02:37,07S

407,8946, 3126,324

160,7684,

10,182

73,06816,906

333, 636501, 278

21, 78r48,754

Dollars222919

7,5999,878

120,58327,397

60, 67221, 750115,2964,32928,6249,40228,04318,174

25, 3227,214

39,2041,21814,13,10, 255412,98413,895

8,319116, 573

69,440

1,20257,85623,332

1

1,21718,0596,092

99, 7871,492158, 232

700772

12, 4071, "

106,07384,16640,966

9505,508

4530,05648, 772

20,27'

36, 4736,727

61, 35058, 75840,938

46

Dollars100,000100,00025,000

81'184

5,09614

55, 30630, 616

100,00050, 000

100,00050,00050, 00025,000

25,00080,00025,000

50,00025,00025,00025,000

200, 000

25,000200,000

40,00050,00025,00075,000

35,00025,00025,00C

100,000100,000100,00025,00050,00050,00C

100,00C125,00C50,00C

100,00C50,00C50,00C

125,00C

50, OOC

50,00C25,00C

400 , OOC500,00C200, OOC

50, OOC100, OOC

50 , OOC25, OOC50, OOC18,75C

200, OOC35, OOC

Dollars1,199,3951,023, 301

454, 7412,579,005

974,2281,070,105

577, 272503,194541, 746248,046164, 528174, 316

1,430,777296,369

515,408111,847235,339506,491

1,927,109

140,171697,924

549,8581,188,189363, 470198,771

595, 576258,372452,283875,177838,766

2, 250,009193, 227116,641"

751,1431,318,4791, 350,339862,461687,158346,761265, 279

1,308,631385,099

739,093

582,864422,756

6,056,7056, 580,9112,976, 738415,069100,000

1, 213,863301,336893,39343,451

4,414, 247278.602

Dollars658, 219332,890276,147

1,860,909

347, 0681371, 456

138,014156,63763, 28973,46653, 53145,294

430, 64460,046

199,92723,78765,453168,478743, 707

52,281132,621

102, 233649,70297, 55f1,959

94, 50665, 27145, 203333,16177,812

347, 5832,14'

47,949134,106483,848456,624704.429461,49335,095148,016117,680302,019185,629

224,954

149,774131,990

2,089,8342,126, 3511, 306,060

131, 750

Dollars49,08829,1171,118

545,03567,243601,1592,700

2,140, 23870,782

79,45230,603

50,07732,1947,7591,952

1,10028,8751,000

400131

2,70044,758

4,68510,030

22.63526.636

1841,000

2554,8555,000

65,34928,95856,8601,150

10, 65518, 55055,05044,74722,80034,6501,832

39, 66838,976

19,450

3,2966,950

155, 326115,746104,88034, 22536,42527, 74111,146

9,87589, 7205,960

Dollars27,00636,79910,834

Dollars

56,466

23,41916,614

15,60510,4475,7856,9982,9474,51917, 2406,854

25, 93'2,1335,3617,87335,891

2,10512,118

8,97554,0757,996

40, 582

10,100186,800

32,800

18,300

14,100248,48544, 700

19, 500

20,600

68,20069,30018,700

Dollars,20,38258,36615, 70737, 549

18, 74849, 700

8,60729,416

7,2576,8946,0417,335

47,6276,167

8,0212,2336,995

12,87189,865

2,08827, 780

21,14;36, 04013,045

25, 6635,953

11,15829,899

6,50:34,842

4361,180

15, 71515,16521,90932, 59026,014

1,5995,3217,019

26,38013, 516

17,30C

1,59812,50C

126,093151, OOC

79,4537,092

2825,818,79'

16,23-51

102, 76S8,61

48,800

298,000327,021

22,7008,900

48,900

20,80C

48,90027,100

353, 2151, 450, 549

165, 60C

5,10C

20, 5047,091

34, 24622,916

70, 244

1,12910,26922, 11133,11750,31720,590

12,3298,17122,66314,11'

78,457

12,64319, 522

249,988343,98071, 3676,238

56, 242112,64426,002

2581258225832584

25852586

25872588258925902591259225932594

25952596259725982599

26002601

2602260326042605

26062607260826092610261126122613261426152616261726182619262026212622

2624

2625262626272628262926302631263226332634

15,80C233,651 26366,084 2637

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

Page 437: Annual Report of the Comptroller of the Currency 1934

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

2581258225832584

25852586

25872588258925902591259225932594

25952596259725982599

26002601

2602260326042605

260626072608260926102611261226132614261526162617261826192620262126222623

2624

2625262626272628262926302631263226332634263526362637

Progress of liquidation to date of this report—Continued

Total coylectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars754,695513,638303,806

2,007, 704

478,787655,173

245,103228, 69484,090

107, 61062, 51972, 348

772,871118, 767

233,88528, 553

117, 440191,922914, 221

61,159203,149

223,190835, 753137, 477

2,959

140,928131, 97095, 607

385, 976447, 662808, 648

59, 44351,408

170, 745539,674566, 700832,083530,897

71, 344190,198181,438438,938213, 259

360,961

216, 211198,062

2,974,4564,187, 6261, 727, 360

179. 30536, 453

654, 829204, 930643,395

12,6262,566,378

107, 240

Loss onassets com-poundedor soldunder

order ofcourt

Dollars56,58422,65528,47588,690

19,7601.791

18,62633

13, 7265,894

11,638731

2,1559

2,402300

18531

61, 281

13,805

10,41833, 276

45

331

1,09514,039

19, 368

2,8761,530

51,43519,88657,34812,17515,2382,218

14,93527, 607

269

6,214

9188,669

103,4341,989

88,3755,662

1,2017,124

17,392

240,99010, 629

Book valueof remain-ing uncol-

lectedassets

Dollars364,210509,390109,412591,857

488,652597,158

312,025267,108407,474136, 79293, 31895,956

870, 351205,147

255,05860, 527

137,873299, 611832, 256

60,802323, 718

376, 060419,171227,828121, 812

445, 235161,010346, 739505,061660,954

1, 712, 81491,08039,686

473, 071143,749708,852413, 245318, 203536,825134,19874,493

831,342185,087

379,468

369, 529237, 575

3, 213,4493.608, 5911,310,936

221,419

561,38589,325

198,84022,001

1,599,368156,107

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars50,91270,88323,882

20,54819, 397

49,92317,80642, 24123,048

23,90051,12524,000

50,00024,60024,86922,300

155, 242

20,315189,970

17,36523,36424,81674,000

34, 74520,14520,000

34, 65171,04243,14023,85039,34531,45044,95080,25327,20065, 35048,16810 33286,024

30,550

46,70418,050

244, 674384, 25495,12015,77563, 57522, 25913,85450,0008,875

110,28029,040

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

»25,088

9 275,193

9 8,382

9 92,348

9 30,326

9 39,0299 62,1449 85,915

9 500, 5599 637,036

9 25,450

To un-securedcreditors

Dollars«480,4399 232,155

91,017,884

• 346,174

9 286,286

»267,050

9 349,840

9 348,0119 212,7499 383,6578 326,898

12,51781,077,60591,810,99991,055,746

• 418,952

9 1,484,755

Dividends paidby receivers

On se-curedclaims

Dollars

13,008

3,000

3,259

On un-securedclaims

Dollars

169,300169,173

118,386

9,276

34,101

22,413

46,776

63, 233

122,343434,125

14,148

25,970

422,815

55, 2865,871

124,478118,661

220,164

111, 896

20,000

50,003

51,927

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 438: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Cash ad-vancedin pro-tectionof assets

Conser-vators'

ex-penses

Receiv-ers' sal-aries,

legal andother

expenses

Cash inhands

of comp-trollerand re-ceivers

Amountreturnedto shareholdersin cash

Amountof claimsproved

Divi-dends(per-cent)

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Dollars117,116180,949276,346575,360

210,945421,190

95,84997,81165,04486,01432,55729,368

341, 29084,848

113,53219,17348,678

156,416395,879

45,136120,430

78,12471,91597, 770

746

116, 43184, 29074, 853

245, 228

Dollars850518

21,156

2,22215,424

944,269

328

381,866

37, 436140, 76479, 575120,487196, 99199,00435, 71250, 76745, 222349,305105,327

110, 427

184, 55351,846

960, 9461, 259,908461,886117, 703

144, 657132, 456552, 9361,750

686, 40938, 051

2291,518108

406

3,4471,205554

1,6733455

Dollars11,13218,6344,806

17,951

8,22810,743

5,4334,0844,5304,2322,4272,4899,0514,318

6,0262,0323,9444,860

25, 522

2,7088,203

5, 0368,1865,325

24,852

9,0192,8684,51313,107

2,312 15, 027

84925836942326516

2,1139,31011, 65413, 36019, 7016,796

2341,718

500

1,32753

4,7108,780

6771,401

3,4723,53616, 3746,322

7,822

10, 7327,825

113, 39054, 90532, 9723,820

82271

6,484

14, 0145,666

12, 585

Dollars4,552

11,3514,7589,118

8,04411,449

9,4287,9145,3244,2862,5692,5719,9014,886

5,9602,2775,3713,86811,105

12,1986,090

5,3625,9635,038716

6,1944,1506,4159,1043,28212, 4412,3831,6734,376

595 40,8435,341

8,9099,2276,2321,9256,2385,14610, 6375,261

7,641

6,5327,041

31,09264, 3798,7544,2631,1386,8475,3299,921

47014, 9013,276

Dollars140,60644,94317,894

111, 042

80,04827,194

15, 913114, 616

8,8643,802

24,9663,590

56,5552,194

107,9615,0719,224

25, 573iO2, 527

1,1175,185

10, 65217,8432,1831,497

9,2826,8409,826

118, 53718, 67647,1621,7741,056

15, 44652, 254

148, 682136,16991, 70233, 6915,2438,873

62, 388

94, 631

14, 407

13, 067286,154351, 619167, 32552,11815, 31569, 53711, 40161, 46910, 406

313, 4258,556

Dollars Dollars801,590593,038

9 609 40

1, 271,508

403,781504,431

182,132269, 792243, 534103,07238,75274,132860,660117,963

232,45346,172117,147195, 757744,296

31,637104,789

410,988900, 201195, 573

9 80

4333. 3333

65

9 4019

40

35

60

30'7816. 6667

355, 670

205,110395, 320

78, 98136, 526233, 296535, 246660, 270521, 088595, 043

1009 257025

»659 299 608 55

179, 447109, 367399, 483179,896

440, 329

220, 770248, 657

3, 394, 6192, 286,1961, 759, 308

158, 692

708.5

50

459 359 559 60

838, 746106, 707200, 374

20'5048

2, 960, 782115, 393 45

2581258225832584

25852586

25872588258925902591259225932594

25952596259725982599

26002601

2602260326042605

26062607

26102611261226132614261526162617261826192620262126222623

2624

2625262626272628262926302631263226332634263526362637

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

Page 439: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

2640264126422643

264426452646264726482649265026512652265326542655265626572658265926602661266226632664266526662667

2668266926702671267226732674

26752676267726782679268026812682268326842685268626872688

269026912692

269526962697

Citizens National Bank, Caldwell, Ohio 7

First National Bank, Summerfield, Ohio 7

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 _.

Dollars60,000 Dec. 21,1933

-1 . . .do25,000200,000

60,00025,000

. . . .do

. . . .do100,000 Dec. 26,1933

50,00050,00075,000 Dec.

100,000100,00030,00025,000

150,00025,000 Dec50,00050,000150,000100,000500,00025,000

2,500,00050,00025,000150,00025,00050,00050,00050,000200,000

. . .doDec. 27,1933~ !. 28,1933.. .do....do—do.. .do. . .do

29,1933—do

ran. 2,1934—do

do

Dollars379,462

66,448530,393286,285

60,64376 ,868

275,260553,845252,098

1,614,245511,288384,279150,310247,628106,72677,015

485,696859,150

Dollan408,825

91,605892,947237,544

53,599535,119

114,427319,505229,999338,154

1,012,820330, 292386,332693,320136,433163,867393,208

1,538,108

—do...doan. 3,1934

do—dodo

1,680,383103,374

2,158,0431,015,700472,911

an. 4,1934an. 5,1934an. 6,1934—doan. 8,1934

_do__do_

50,00050,000100,000 Jan. 9,193'50,000 — d o50,00025,000160,000 Jan. 11,1934

60,000 Jan. 12,193450000

50,000 Jan. 10,1934-do_

,150,000100,000100,000150,00050,00025,00025,000100,000

-do_,.do_do.do_do__do_

415,418317,907608,569202,382643,400

647,130211,381

1,132,489631,294199, 75662,176

1,547,826

494,954358,82602,862223,280889,184102,679

..do.do

100,000 Jan. 15,1934..do..do..do

100,00050,00075,00040,000 ....do

100,00C125.00C

....do—do

25; 000 Jan. 16,1934do

50,000 Jan. 17,1934

100,00C Jan. 17,193450; 000 Jan. 18,193-50,000 Jan. 19,1934800,,00 Jan. 22*1934

156,51'419,975515,767587,021555,806306,256313,816

696,808235,400

49S75,23:511, 775

1,063,228

714,9512, 589,40<

2,381,568150,122

5,135,3441,351,234913,908119,751276,246251,027239,417291, 597

1, 280,086

385,42497,996

826,737389,444311,780137,843335,195

74,544354,863327, 792720,190830,422140,896

60,425691,137188,456

1, 218, 717625, 689396,308

44,360

112,74'409,837

17, 222136,771470,719

1, 513,879

403, 28:3,227,31C

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

Page 440: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Addi-tionalassets

receivedsince dateof failure

Totalassess-mentuponshare-holders

Total assetsand stock

assessment

Progress of liquidation to date of this report

Cash col-lections

from assets

Cash col-lections

fromstockassess-ment

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

UnpaidbalanceR. F. C.

loan

Offsetsallowed

andsettled

Dollars

351142,229

81313,72280,140

13,69969, 643168, 46860, 49551,46110,8842,35542,037

167,62530, 62536, 67739, 50099,2972,523

212,64911,82818,03325,837

78115,9108,457

159, 606152, 70079,38924,14219, 73861,31585, 64812,28028, 295

5,116145,99145,83511,3584,2102,884

Dollan7,163

c

17, 62426"654

89.829

2,60326,62747, 606

6,99310, 72717,87320,842

3,139107,229

1, 23222,15829,200

10077,993

2931, 372, 722

43,0043,021

4685,309

38,3587,91:

10, 545163,958

28,95318, 53843,36169,67221,12924, 79426,965

20, 529186,12427,0503,837

142,93455.830

Dollars60,00025,000200,00060,00025,000100,000

50,00075,000100,000100, 00030,00025,000150,00025,00050,00050,000150,000

500,00025,000

2, 500, 00050,00025,000150,00025,000

50,00050,000200,000

50,00050,000100,00050,00050,00025,000160,000

150,000100,000100,000

50,000

Dollan855,450183,409

1,783,193584,909153, 618

1,570,956

405,9891,019,620773,171

2,119,8871,686, 296773, 328584,839

1,136,124375,395459,739981, 687

2, 613,13539,600

4, 739,241281, 312

11,378, 7582,471, 7661,432,873296,096722,7&623, 202914,356714,130

2,440,144

1,190,816402,057

2,122,3251, 201,725668,313262,093

2,098, 281

595,1431,195, 7991,103,0391,058, 6651,866,750352, 289

Dollars458,88271,983

658, 462300,85641, 392936, 351

239, 663569,821174,142

1,396,720640, 310334,743273,851328,64986,89885, 665528,238

1, 215,129100

1, 583, 65992,125832,978855,502729, 511,601

504,869252,45f598, 743125,890607, 270

745,742147,716

1,369,181418, 587175, 77957,114

1,148,151

398,905403,518518,448390,287926,91387,101

Dollars32,1556,820

43,88517,350

21835,650

11,85012,82518,60015, 7889,5757,560

37,1707,274

10,43910,950

10$, 776

Dollar,17,4426,087

39, 71016,6722,328

16, 521

10, 25313,03117,04832, 64336,467

5,82428,46532,814

6,8216,856

29, 26955,436

Dollars

22, 500

20, 26774, 739

137,81248,400

Dollars15, 6214,36077,03718,49210,08583,191

16,43116,6225,01292,73781,49212,1517,73325,33713,3647,79638,47391, 593

292, 7294,65634, 20542,06012,80069, 25021, 275

16, 2977,86537,619

11,6502,4259,6605,90013, 7924,41275,899

111,8615,55,57655, 50815,778

29912,71017,03,

126,85439, 500

27,289

57,100

5,804

22, 23215,31964,677

20,73612,16731,06335,41110,3076,45146,821

17, 56219,67028,88714,30944, 9807,674

586,172

157,12675,80025,200105,354

50,021

39,824

172,85014,407

131,82736,923

20,84740,71923,16618,05483,817

47,10535,38250,17941,28129,11022,46980,775

21,94748,54927,95219, 59074,0858,062

263826392640264126422643

264426452646264726482649265026512652265326542655265626572658265926602661266226632664266526662667

266826692670267126722673

26752676267726782679268026812682

2685

2688

26902691

2693

26942695

2697

28,67918,10826, 670293, 53851,15133,4741,850

49,456127,259

1,95043,812

327

20,67621,2929,34270,193108,78710,1774,087

23,037502

4,5579,899281

84,749

25,000100,000100,000100,00050,00075,000

40,000125,00025,00050,00050,000

100,000

300, 2971,250, 512840, 235

2,269,4691,391,433821,215364,113

922,048897,99873, 667273,851

1, 076,587

2,762,183

77,105412,759408,660281,009866,022301,601218,044

504,303182,202

771127, 632389, 459

1,394,408

11,2437,87642,90641, 7252,00016,722

16,98442, 7553,02610,32424,800

44,666

7,72423, 63019,69641,84025, 56726,58810, 543

10,16017,491

57,200

112,926

7,97024, 492

79,460

10,60015, 59645,98635,45152, 42718, 07016,917

39, 38734,314

7,03745, 946

178,463

20, 212542,059

1,942190, 631

50,000800,000

1,190,3867,349,407

747, 284674,930 131,856

25, 237,142,8441 627,900

37,8301,459,173

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

Page 441: Annual Report of the Comptroller of the Currency 1934

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

263826392640264126422643

264426452646264726482649265026512652265326542655265626572658265926602661266226632664266526662667

2668266926702671267226732674

26752676267726782679268026812682268326842685268626872688

26892690269126922693

2694269526962697

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars524,10089,250

819,094353,370

76, 5231, 071, 713

266, 347611, 324209, 027

1, 540, 700794, 324437,032317,609561, 782162, 757110, 756606,930

1, 465, 934100

2, 287,953155,877922, 759

1, 084,897795,01371,150

559,701310,206660,438167,128

1, 379, 555

825, 233197,690

1,460, 083658,305304, 788115, 646

1,457,000

438,414499, 026625,308481, 286

1,085,802108,641

163 872459,861517,248400,025946,016362,981245, 504

683, 760276,762

3,797152,963484,697

1, 696, 997

843, 2313,036, 703

Loss onassets com-poundedor soldunder

order ofcourt

Dollars42,7613,755

41, 79716, 634

328145, 394

21, 55846, 646

68114, 46613,95542,72952,41535, 040

2061,1657,808

156, 549

130,7311

93, 56490, 261

26,7891,934

34,455

9,819

40,729

89, 5748,3914,602

36,820

5,2991,871

29,05568, 59514,2758,678

1,9604,087

47,34748,33712,695

5,422

40, 2196,401

36,379

7,524

56, 58626, 986

Book valueof remain-ing uncol-

lectedassets

Dollars278,186

78, 311805,897188,92776,813

306,020

128, 337336, 531518, 336515,964850, 539353,705225,840597, 098249,927315,113357,168999,864

39, 5002,352, 001

149, 7798, 045, 7801, 340, 873

551,177144, 455145, 249328, 097207, 991520,186

1,539, 238

307, 240168, 959513, 391683,466408,822157, 510672, 535

168, 992591,861427, 584480,193851,477198,448

187,592722,157283,629

1, 848,922375,637378,207116, 457

332,936556,482

7,67782,781

554,803

1,081, 788

298, 6864, 388, 318

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars27,84518,180

156,11542,65024, 78264,350

38,15062,17581,40084, 21220,42517,440

112,83017,72639,56139,05046,224

207,27120,344

2, 465, 7957,940

• 12,20080,750

3,725

33,70342,135

162,381

38,35047,57590,34044,10036,20820,58884,101

122,711100,00042,900

44,196

13,75792,12457,09458,27548,00058,278

23,01682,24521,97439,67625,200

55,334

17,120668,144

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars9 72, 7739 15, 927

9 78,145

9 140,036

9 11, 6199 74,324

9 18,9159 2,0849 3,627

9143,909

9 71, 5339 21,961

9 179,827

91,807

9 22,868

9 5,812

91,698

9 43,1539 4, 993

9 70,336

9 1,495

9 31,307

9 222,600

9 1,674

9 24,963

•1,496

• 38, 907

To un-securedcreditors

Dollars9 343,582fl 34,954

9 205,493

9 448, 771

9 169, 7209 398,030

9 806,4619 203, 3869 188,021

9143,673

9 298,9389 878,587

9 802,363

9 643,4809 568,823

9 355,658

6 448,113

9 410,601

9 378,427

91, 272,3679 250,211

9 800,694

9 186,6849 267,3529 399, 2989 306,8139 603,605

9 200,921

9 478,044

9 205,462

9 212, 231

9 283,996

9 1,047,801

9 564,432

Dividends paidby receivers

On se-curedclaims

Dollars

10,840

On un-securedclaims

Dollars

435,638

30,470

165,687

68,582

24, 616

114,02635,625

31,445

90,585

7,842

997,255

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 442: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars33,10813,006

309,78929,16635, 344

424, 749

59, 38672, 227

113, 383568, 213426) 381202,919102,369192, 63675, 36864,886

170,375142, 799

814,863116,921670, 211239,640114, 325

1,737115,171182,081129,117131,921851,829

371,485116, 33255,479

230,992165,97561,170

471, 759

80,196100,733107, 78129, 720

381,81261,475

45,033227,925209,919277,004189, 515289,581

16,971

397,428190, 248

771121,92589,110

512, 942

218,0381,905,421

Cash ad-vancedin pro-tectionof assets

Dollars753292

1,967437

1,123101

80231

143,1378,960

79764

647

861039

5,602211

8,1792,3292,756

571

1,769

183

57013, 5374,701

21623

52

2,112

3

27

8266,665

300

2,483359

1,351

569

136

Conser-vators'

ex-penses

Dollars7,9423,054

19,8077, 2823,282

14, 414

5,98112, 5415,412

24, 90517, 5049,6668,062

13,3175,2465,997

12, 98921, 555

65, 9383,993

15, 53312, 718

6,0777,474

12,8718,271

18,955

12, 20410,8963,681

14, 4225,636

24,562

9,38714,73711, 7326,179

19,9504,697

4,9708,738

15,80918, 52721, 39914,6356,210

18, 26013,347

4,63212,169

22, 517

18,11064, 776

Receiv-ers' sal-aries,

egal andother

expenses

Dollars4,6281,727

20, 8923, 4312,9884,481

2,2705,5528,960

10, 2735,6663,5966,680

12,9813,9286,7946,900

14, 093

15,8933,222

19,8418,3175,0991,2292,4495,2614,1568,415

11,154

5,0536,5334,8507,4337,6417,531

11,913

3,56310, 0346,3384,0476,9083,994

4,1698,3935,132

13,9586,7906,6491,997

5,4627,590

2464,2107,709

18, 234

3,38034,879

Cash inhands

of comp-trollerand re-ceivers

Dollars61,31420,29031,00129, 4163,316

39,161

17, 29148, 41981, 258

108, 796130, 34328,40623,90754, 6199,633

32,99346,185

386,900100

403,4676,914

224, 528173, 79191, 29268,18457, 478

114,81966,18118, 52185, 247

52, 06963,929

121,438141, 710

6,80911,104

148, 049

115, 379101,17727, 711

134, 52772,0327,027

19,088214,80553,33483,87127,66851,81613,190

22,94365, 2182,780

14, 35488,866

56,027

39,13534,372

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars645,212102,021977,182420, 64469, 490

592, 026

319, 633661, 968302, 674

1, 356, 475609, 353686. 507410, 927487, 578137,167258, 425375,883

1,876, 390

2, 455, 51397,935

1,8071,137,861

473, 322283, 689689,381172, 503

1, 010, 645

640, 316157, 007

1, 698, 776688,392338, 768118, 755

1,622, 681

373,352550, 014645, 560609,600

1.192, 756113,463

164,699834, 791401,171854,746735,120380,119297,157

351, 264479, 780

89748, 755

811, 366

1, 784,824

754, 4762,938,749

Divi-dends(per-cent)

9 609 40

459 60

509 70

9 709 60

9 609 33. 339 40

459 30

50

9 559 45

9 3525

9 359 50

9 75

9 65

9 40

9 60

9 759 35

3530

9 65

9 509 509 809 509 50

60

60

9 50

9 65

9 70

9 60

179 35

9 60

9 7537

Interestdivi-dends(per-cent)

Date finallyclosed or

restored tosolvency

M a y 15,1934

M a y 18, 1934

26392640264126422643

264428452646264726482649265026512652265326542655265626572658265926602661266226632664

z6662667

266926702671267226732674

2675267626772678267926802681268226832684

26862687

2689269026912692

2694289526962697

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

Page 443: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

270027012702

27032704270527062707

270827092710

271127122713271427152716271727182719

27202721

2722272327242725272627272728272927302731273227332734273527362737

27382739274027412742

2743,,•27442745

27462747

27482749

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,

Mich.7

Dollars200,000 Jan. 22,1934600,000 Jan. 23,1934

250,00025,000

1,000,000

110,00050,000 J:25,00050,000 Ji50,000

25,00075,000 Ji

300,000

..do.._do_.. d o -

doan. 26,1934

do.an. 30,1934

do . . . .

Dollars179,535266,612

2,185,814128,008

10,304, 229

1,166, 789266, 543

45, 239

44, 675

Dollars247, 598

1,273,568

2,354, 281158, 226

6, 625, 062

1,199,92881,26656, 21118, 799

105,477

.do . .,n. 31,1934. . d o . . . .

254, 223

500,000 Feb. 1,1934..do..do

50,000100,000150,00050,00050,000400,00075,000 Feb. 2,1934150,000

..do.._do_.

-do..

200,000100,000 Feb. 5,1934

..do..

500,00050,00050,000

400,000

,do_._do_._do_._do_.

150,000 Feb. 7,193450,000200,000150,000200,000 Feb

_do_.8,1034

) Feb. 9,1934500,000 Feb. 13,1934

....do.25,00050,00025,000 Feb.

500,00025,000

200,000200,000

do19,1934

Feb. 21,1934. . . . d o

do. . . . d o

50,00025,00050,000 Feb.500,000 Feb.150,000

dodo23,193426,1934do

25,000100,000 Feb.200,000

25,000125,000

75,000400,000

do27,1934do——

do

do..do-

5,446,880260, 774576,079

1,877,687721

1,3762, 363, 5421,002, 570

10,440

2,858608,190

1,141, 339191, 370608,025

2,384, 787728,802407,194909,070667, 704

2, 526,098194,365191,98859,027

4, 505, 267160,309410,464278, 275

178,164274,483

3,315,114870,383

546,929118,773

1,842,139

23,812465,192

354,8072,654,523

356,724

4,287,279262,44"358, 319

1,029,07150,49924, 39"

2, 505, 247736, 648

1,138,354

5,177495,697

2, 312,883283,849328, 788

6,443,433316,929457,955832,862

1,462, 0752,051,120

160, 784139, 713115,340676,45678, 915703,107528, 611

27,627166,482116,825

2,729,194220,123

282k 496274,114715,641

62,233416,977

315,4635,767,055

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 444: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollar,139,644512,846

283, 5861,444

1,129,434

128,01636, 3718,14749,46112, 266

Addi-tionalassets

receivedsince dateof failure

Dollars36,531

50,1173,334

112, 625

247,9244,6902,641

2271,015

Totalassess-mentuponshare-holders

Total assetsand stockassessment

Dollars200,000600,000

250,00025,000

1,000,000

110,00050,00025,00050,00050,000

Dollars803,308

2,653,026

5,123, 798316,012

19,171,350

2,852,657438,870137, 238118,487213,433

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars235,842

915,45492, 785

7, 773,674

1,144,990238, 70657,6351,1227,111

Cash col-lections

fromstock

ment

Receiver-ship earn-"ngs, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars27,779

56,70619, 572

234,938

46,16215, 72917,6041,350

33,408

Dollars14,300

75,8926,650

388, 634

58,92411, 4863,415

204,358

UnpaidbalanceR. F . C.

loan

Dollars3,600

41,0002,975, 582

413, 59216, 000

Offsetsallowed

andsettled

Dollars19,709

119,0759,127

760,031

33,13521, 2152,737

2698

270027012702

27032704270527062707

270827092710

271127122713271427152716271727182719

27202721

2722272327242725272627272728272927302731273227332734273527362737

27382739274027412742

274327442745

27462747

27482749.

29,995 23,065 75, 000 739,007 148,113 7,154 13̂ 236 134, 700 6,540

1, 363,3291,784

43, 449331,636

23, 2011, 713,389

56,035712, 514

36,92419,943

535,1409,86323,187

6, 700,57516,36210, 24038,436111,511474,1782,32560,56753,303132,0542,74365,44710,553

42,31833,99552,88031, 8416,042

13, 54063,189534, 844

11, 20480,909

2,84329,452

446,22414,66745,136185, 570

503178

81,941461

158,199

2139,028

353,5764,44027,300

467, 55422, 62520, 7432,37662,91313,50229,17617, 795

87013,19615,12114,4021,282

118,66376, 68347, 25024,014

1,67518,291

500,00050,000100,000150, 00050,00050,000400,00075,000150,000

60,000100,000

500,00050,00050,000400,000

50,000

150,000500,00025,00050,00025,000

25,000200, 000

50,00025, 00050, 000

22, 35317,431

13,102355,092

25,000100,000200,000

25,000125,000

75,000400,000

12,043, 712589,672

1,122,9833,573,964

101, 72399,152

7,064,1191,870,7142,169,507

104,9841,262,858

4,842,938539,522

1,037,30016,396,3491,084, 718946,132

1, 782, 7442,454, 2035, 564,898411,650460,063253,540

5,326, 973282,088

1,393,420818, 721

119,946422, 304570,871

6,123,3991,120, 562

869,640574,367

3, 292, 624

144, 6021,105, 509

761,2159,206,122

3,885,944128,319490,325

1, 285,5493,163213

3,184, 765794,46072, 751

3,475755,888

1,007, 222259,935774, 512

2, 224,147635,419409, 785851, 701599, 685

2,122, 292279,981187,58954,157

3,036,67996,861492,913326,357

6,323159,379183,103

3,084,911707, 284

487,15372,156

113,36032,60012,90064, 21335,4201,200

154, 28119,5784,405

38,8659,900

118,51523,04910,40070,862

7,151

58, 780124,05019,21611,523

600

1,45630,440

1,40010, 2002,475

1,3755,670

229,18916,70058,89226,931

952229

197,75834, 2624,622

25115,385

94,71120, 53418,642

222,95020,83822,09648, 23445, 97995, 7169,94110,383

77'91, 7777,256

27, 27628,952

1,07310,8558,36188, 01035,271

22, 8489,104

2, 249, 29189, 900

542,475

74, 294

2,500

3,090, 900

186, 500

456,566

192, 50035, 50055, 032106, 444

62,400

175,121

29,199479,312

324,8403,220,384

4,50440,150

39,153224,889

3,42523,964

14, 301205,134

20, 30045, 008

40, 5961,826,027

492, 78623,54526,156189, 713

137, 04279,748

2526,903

217,09614, 20433,137624, 40550, 77151,818103, 34795, 747177,87914, 74912,8073,482

216, 47113, 55445, 33154, 765

13, 35816, 037171,03256,401

46, 6567,965

3,50529, 727

20, 648358, Sir

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

Page 445: Annual Report of the Comptroller of the Currency 1934

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

26982699

270027012702

27032704270527062707

270827092710

271127122713271427152716271727182719

27202721

2722272327242725272627272728272927302731273227332734273527362737

27382739274027412742

274327442745

27462747

27482749

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars301, 230

1,167,127169,134

12,132, 859

1, 696, 803303,136

81, 3912,492

44,877

309, 743

6, 970, 570291,064588, 273

2,108,88139,535

1,6423,673,8461,002, 342

81, 778

42,616808,076

1, 437, 544320, 222836, 691

6, 233, 264707,028677, 350

1,003, 2821, 256, 6912, 519, 937

323,887222, 302

59,0163,537,427

154, 627650, 992516, 518

8,796256,192209,976

3,519,074798,956

558,03294,895

60,933618,161

439,5385,835, 249

Loss onassets com-poundedor soldunder

order ofcourt

Dollars13,957

117,720

190,710

34, 3391,2522,624

800

3,475

5,95520,14911, 51525, 952

45,03511,045

71,184

84, 63510, 73763, 78391, 76485,01413, 45211,4108,755

39, 6625,496

40020,0846,326

61, 26445,118

840

3,749127,158

7,275

15,944817

86014,934

17,687

Book valueof remain-ing uncol-

lectedassets

Dollars333,800

2,053,026

3,839, 258181, 380

9, 446,935

1, 530,193127, 69749, 24267, 365

155, 522

505,879

7,159,027367, 659494,987

1,922, 75048, 56048, 939

3, 297, 277910,461

1, 946, 756

41,484308,883

3,033,985204, 646115,868

13,056,033313,514421,077816, 286

1, 600,0162, 725,065

86,424209, 667170, 501

2,053, 739140,347593,912392,481

62,783224,567317,982

2, 740,298349,602

294,887393,429

3,092,624

86,038456,536

340,7275, 209, 236

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars172,221600,000

193, 2945,428

765,062

63,83834, 271

7,39648, 65016, 592

67,846

386,64017,40087,10085, 78714,58048,800

245, 71955,422

145, 595

21,13590,100

381,48526, 95139,600

329,138

42,849

91, 220375, 950

5,78438,47724,400

23, 544169, 560

48,60014,80047, 525

23, 62594,330

200,000

20,49684,850

35,847175, 111

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

9 2,117,373

9 271,930

9 313,165

9 14,096

9 764, 3918 34, 2 8

9 121,461

9 11, 684

9 105, 384

9 14, 228

9 322, 763

9 135,0049 20,182

9 23,376

9 665,127

To un-securedcreditors

Dollars

9 4, 325,436

9 302,427

91 , 784,1799 142, 936

9 589,008

9 1, 501, 2618 609,522

9 543, 340

9 622,398

9 365,182

9 361,912

9 213, 639

9 1,303,048

9 284,6909 239, 564

91,663,3709 201,297

9 275,702

9 253, 651

9186,2539 2, 633,968

Dividends paidby receivers

On se-curedclaims

Dollars

4,742

9 266, 599

775

996

On un-securedclaims

Dollars46,852

105,162

116, 65813, 797

26, 450

9 238, 784

25, 752

2,434,854

316,476

599, 3251, 362, 632

36, 391

48,435

6,679

Footnotes at end of table, pp. 448_and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 446: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars215,235

944, 93245, 405

4, 731,171

766, 522168, 56545, 579

8973,527

253,880

4, 249, 54085,16446, 812

1, 334,059721

1,129,162238, 900

77, 327

3,71380,863

945, 496243, 532118, 337

3, 487,873199, 200210, 214527,020546, 787966, 91948, 686

162,88842, 661

1, 764, 75495, 726

233, 356193, 286

7,384179,40082, 051

1, 487, 736376,935

169, 34467, 297

39, 289238,987

180, 7331,414, 035

Cash ad-vancedin pro-tection

of assets

Dollars312

638

255, 336

1,062

366

1,597

91, 431

1,047766

8,951906

6,776

1,526155

5,475146

38824

7,624107

2162,4081,066

2

2,9327,684

397

1522

791152

37291

Conser-vators'

ex-penses

Dollars10,535

60,5313,476

226, 203

32, 3228,1232,631

7,576

114,4155,850

10, 76723, 959

846178

26, 99020,352

14, 702

54,1277,281

13, 454129, 34314,89711, 9342,595

21, 91747,1567,4087,6615,730

56, 3967,717

21, 75819,118

8,2157,806

52, 55022, 311

9,8418,362

2,56816,122

11, 448126, 036

Receiv-ers' sal-aries,

legal andother

expenses

Dollars7,085

21, 7493,611

84,167

16, 3413,6643,081

355495

6,172

47, 2455,7026,621

27,167579493

12, 96611,111

978

4844,671

44, 0974,6086,160

68, 4582,8395,382

13, 36116, 90217, 7392,1825,1723,192

11,5443,5256,6276,738

3,8624,824

25, 0706, 655

7,8314,542

2,1436,107

4,25047, 748

Cash inhands

of comp-trollerand re-ceivers

Dollars21,211

139, 27711, 480

393,173

306,1996,126

16, 2671,234

40,855

9,326

370, 59551, 41217, 643

119,82637 389

971230,12587, 333

3,473

38, 41936, 263

392, 29838, 89464, 658

106, 48619, 512

133, 33898, 35670, 936

117,86737, 63746, 581

7,21776, 51410, 202

104, 56157, 810

1,41215, 284

112, 363147, 660171,179

95,16214, 692

9,46379, 766

56, 817948, 044

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars108,389

202, 239

1,037, 026170,80540,173

270, 758

5, 671, 598357,184529,948

1, 507,20053 183

1, 703,7351,185, 746

28,028815,528

1, 909, 477175, 231829, 590

9, 742, 296193, 984480, 761860, 564

1,198, 6513, 204, 556

284, 209143,926

2, 231, 918115, 702575,865399, 597

27, 479141, 050217, 879

4, 429, 045491, 028

557, 262231, 000

26, 714

320, 4595,139, 371

Divi-dends(per-cent)

50

529 40

9 257535

12.5

9 309 409 459 40

9 608 50

9 66. 66

189 75

259 60

609 40

5050

B80

9 5035

9 509 60

35

& 559 40

9 50

25S50

9 509 50

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

June 12,1934

Oct. 16,1934

26989fiQQ

270027012702

270327042705

?707

270827092710

?711?,71??71327142715?716?717?7182719

27202721

2722

2724

27267!7?72728?7?9

2731?73?

?7R4

27362737

2738

27402741?,74?

2743?7442745

?74fi2747

27482749

106093—35-Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 447: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

2750275127522753275427552756275727582759

276027612762

276327642765

276627672768276927702771277227732774277527762777277827792780278127822783278427852786278727882789

279027912792279327942795279627972798279928002801280228032804280528062807

2808

First National Bank, Freeland, Pa.7

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

100,000—do—do

100,000 Mar. 2,19341,000 Mar. 5,1934

___do_._do

6,1934

200,050,000 -

100,000 -50,000 Mar.

Dollars953,554477,224154,690205,614210,646410,655978,901240,528558,513166,912

Dollan1,400,226

136,589184,809275,678162,615186,290

1,260,567337,076884,820126,080

25,000125,100,

d o —000 Mar. 7,1934000 Mar. 8,1934

200,00050,100,000

do000 Mar. 13,1934

do

600,00025,000 Mar.40,00050,000 Mar.50,00025,000 Mar.700,000150,000

do. 14,1934do

50,150,300,000

. 15,1934—do

19,1934—do

do000 Mar. 20,1934000 Mar. 23,1934

do.700,00050,00075,000 M250,000300,00050,000 .35,000 Mar.

—do—doar. 26,1934—do

do._do•. 26,1934

50,000 Mar. 27,1934000 Mar. 28,1934

dodo

25,50,00050,000200,000 Mar.60,000

. 29,1934do

75,000 Mar. 30,1934000 Apr. 3,1934

doApr. 9,1934

do

75,100,500,00060,000100,00050,00025,000100,000 Apr,100,00050,00050,00025,000100,000150,000

— .do— .do

10,1934do

Apr. 11,1934do

387,346256,869

5,862408,589

1,117,381

4,948,467155,52991,281279,904268, 21792,490

1,118,485408

373,434424,006996,431

4, 644,358119,427529,462

1,174,9962, 288,670323,892303,694254,8502,674

119,863275,172882,183198,886

702,168421, 254

3,767,322328,452713.448316,472362,671489,502669.449

227,308846, 291

502,674376.813424,825

10,051,018238,441274,529344,935221,24433,902

1,460,012347,60973,148594,022

1,043,090778,932327,879597,463976.814

4,068,675405, 700211,926103,15033,218104,819322,113741,65198,515

237,913254,058

3,501,27.'72,383

1,071,079183,004116,560212,417463,542

50,000150,000

— .doApr. 16,1934

-do—.. d o —

— d o25,000 Apr. 20,1934

- )_ . . . do25,000

300,000 . . . . d o .

189806,174519,767110,38535,418

241,43199,777

1,838,758

18,921878,238580.198

86, 222163,533411,77585,034

1,084,790

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 448: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars19,0592,508

50, 265121

20,02450,179

305,91025, 59756, 63617, 809

66, 63035, 244

107, 879138, 76299, 685

1, 355,81832, 7048,7116,837

18,99812,087

397, 39377, 68028, 781

181, 643293,796176, 249

3,29336, 773

279, 779128, 72854,9169,743

38, 5337,136

55, 7111,810

59,37944,831

188,000345, 436344,431

51, 24917, 70631,4785,667

19, 985125, 999

101, 70659, 36661, 50814, 687

130, 66827, 6682,427

41,090

Addi-tionalassets

receivedsince dateof failure

Dollars12,005

1,90399, 686

19119,489

8988,655

22, 59589, 975

5857,816

1325, 840

395, 349191603

7,362146,943153,695

6,57998,140

185, 785437,398

5,91230, 997

10, 5295,0353,9502,907

35,85639, 90228, 590

1,964

51,9051,906, 587

6,793

30,947341

15,744980

2,525200,097

13,890

2,75027,40227,429

240, 718

Totalassess-mentuponshare-holders

Dollars150,00050,00050, 00050, 000

100, 000200, 00050, 000

100,00050,000

125,666100, 000

200,00050, 000

100, 000

600, 00025,00040, 000

50,000

700, 000150, 000

150, 000300,000

50, 00075, 000

250, 000300, 000

50, 00035,00050,00025,00050,00050, 000

200,000

75,000100,000500,000

100,00050,00012, 50060,000

100,00050,00050,00025,000

100,000150,000

22, 500150,00025,00025,000

Total asset:and stock

assessment

Dollars2, 534, 844

668, 224539,450531, 604412, 774747,124

2, 746, 276661, 856

1, 622, 564450, 776

806, 3421, 296, 220

816,4281, 000, 0041, 741, 891

17, 350, 652451,865415,124631,676558,459145, 841

3, 822, 833729, 392481,942

1, 447, 8112, 819,1026, 036,937

506, 5111, 269, 6952, 681, 5896, 786, 073

845, 037565,398450,483

70, 935366, 249688, 997

1,911,803344,196

1, 203,0811,172,653

10, 019, 615458, 877

1,902, 233611,901497, 739797, 648

1, 359, 97050,00050,000

148, 3412,043,8751, 325,363

233, 794482, 369733,276239, 667

3, 205,356

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars1,310,460

258, 587198,191243, 404168, 094

784, 624321, 235305, 355149, 204

326, 772310, 641

105, 699348, 342

134,03775,012

35, 822984, 28469,401

324,933319, 283

1, 092,9133, 561, 798

218,131631, 423

381, 996250, 610149, 263

4,881106, 632214, 984845, 076167,313

372, 356

417,133183,577368,146330, 668

333634, 746440, 690

68,898300,405100,008

1, 718,013

Cash col-lections

fromstockassess-ment

Dollars3,2009,600

16,92513,149

21, 80035, 695

15, 584

50,47542, 714

92,96913, 700

978725

24,9489,025

35,11561, 445

23,42141,917

17, 65314,1536,9738,900

18, 23014, 27553,337

18, 280

10, 7003,988

14,1005, 7503,375

2,6756,980

26, 500

4,60012,743

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars46,91318,75314, 25813, 79619, 026

54, 79213, 63353, 3909, 364

15, 63741,434

1,46124, 692

9,33412,042

6, 41443,193

1,6776,553

22, 40349, 50495, 24412, 2198,235

8,0167,803

15,7301,0548,533

14,41770,164

542

21, 627

18,07223,00224, 58840,469

53449, 34824, 797

2793,7821,787

69,897

Unpaidbalance

R. F . C.loan

Dollars

66, 547

107,90046, 700

228,57613, 394

345, 750

11, 822111,849

33, 3004,600

170,130

57, 587100, 67973,300

2,300131,869

80, 593

64, 387

305,081

113,212132, 309

19,844

Offsetsallowed

andsettled

Dollars80, 58752,93921, 77512, 235

. 18,504

106,16217, 308

127, 21418,987

59, 22842,407

48, 784

28, 22410, 356

7,929195,476

2,50041,18587, 706

491,18014,75448, 250

24, 95415, 92216,728

20,00830, 332

100, 2737,021

40,832

23, 56824,41944, 67179,050

76, 50069,861

19, 7884,756

116,362

2750275127522753275427552756275727582759

276027612762

276327642765

276627672768276927702771277227732774277527762777277827792780278127822783278427852786278727882789

279027912792279327942795279627972798279928002801280228032804280528062807

2808

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

Page 449: Annual Report of the Comptroller of the Currency 1934

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

2750275127522753275427552756275727582759

276027612762

276327642765

276627672768276927702771277227732774277527762777277827792780278127822783278427852786278727882789

279027912792279327942795279627972798279928002801280228032804280528062807

2808

Progress of liquidation to date of this report—Continued

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceE. F. C.

loan

Dollars1,441,160

406,426251,149390,484252,324

1,195,954401, 265831,709193,139

463,934549,045

200,129435, 518

172,57398,135

83, 4651,252,501

80,103333,986588,116

1,291,5684,148, 222

268, 525729,825

490,206389,167261,994

14,835155,703405,877

1,068,850174, 876

533, 688

469,473299,373451, 505761,018

3,375

3,542880,786694,157

69,177328, 575119, 294

1, 924,116

Loss onassets com-poundedor soldunder

order ofcourt

Dollars125,631

33,9303,7989,568

56, 2479,7514,092

100

3,74448,160

205,3925,935

2,474

16,6224,9121,771

7344,614

25,0254,982

90,870

28,3712,610

25,827

9,2913,571

67,7827,137

29, 678

12,990

3,298

1,64950,055

12

4,8841,886

99,890

Book valueof remain-ing uncol-

lectedassets

Dollars868,166306,698235, 554222,167216, 608647,124

1,599, 243263, 562

1, 085,903232,485

291, 598795,012

305, 337546,943

1, 641, 891

16,750,652262,130289,756631, 676508,459102, 090

1,926,451505,079152,738936, 609

1,333,8691,958,934

218, 644424,152

2,431, 5896,486,073

359,716261, 256208, 665

41,054180,318390,110698,672162, 725

1,128,081629, 787

9, 519, 615458,877

1,802, 233108, 210277,243321, 533850, 252

121, 3591,182, 574

664,800211,294263, 471383,199108,017

1,271,091

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars146,80040,40033,07536,851

100,000178,200

14,305100,00034,416

74, 52557, 286

107,03136,300

100,000

600,00024,02239,275

50,000

675,052140,975

114, 885238,555

26,57933,083

250, 000300,000

32,34720,84743,02716,10031, 77035, 725

146, 663

75,00081,720

500,000

166,66639, 300

8,51245,90094,25046, 62550,00022,32593,020

123,50022,500

150,00020,40012, 257

Bookvalue ofassets

returnedto share-holders'agents

Dollars

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

9195, 6629 41,339

9 288, 808

9 177,108

9 25,174

9 34,4229 335, 851

9 3,7239 9, 899

9 67,572

9 150, 892

9 18, 4629 153,955

9 6,1259 104, 206

9 319, 597

To un-secured

creditors

Dollars91,143,560

9 173,6109150, 653

9 93,051

9 434, 6369 140, 3459 228, 561

9 154,3869 290,440

9 132,4649 257,3709 699,056

9 1, 059,9339119,3009 465,087

9 250, 5669122,163

9167, 5829 509 693

9 23,877

9 58, 773

9 231 1889 178,7629 175, 2439 291,806

9 678,8129 364,441

9 777,130

Dividends paidby receivers

On se-curedclaims

Dollars

73,467

1,690

On un-securedclaims

Dollars

~~ "1437907103, 289

19,435579,945

40,473

41,046

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 450: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars148, 015157, 72063, 611

106,49090, 296

398, 344127, 556254, 006164, 884

59, 228155, 430

105, 748286, 012

113, 57773, 325

51, 045553, 030

131, 034259,149404, 206

2, 624, 59686, 280

176, 366

142,968165,439164, 502

94,118185,028332,983113,971

265,088

196,352105, 279182, 241236,149

92, 579122,705

66,259115,21756,388

708,633

Cash ad-vancedin pro-tection

of assets

Dollars194

1,282

278

560294

2,998266

8131,103

77

20821,345

179762769238

3,322736

12, 634

2,7094761

1617

1,899691

338

163141105

271613

4115311

668

Conser-vators'

ex-penses

Dollars15, 29512, 64510,1936,942

10, 525

29,6518,234

24,1677,707

11, 70425, 475

1,4053,899

5,506

5,12933, 968

9,94717,34531,42267, 5006,897

17, 772

4,3796,500

11,278

7,61411,11845,8794,778

13,701

12, 2541,731

18,78226, 566

38,86816, 274

8,8195,017

34, 246

Receiv-ers' sal-aries,

legal andother

expenses

Dollars5,9285,0141,7893,5635,843

13, 2984,0877,6862,935

3, 2106,428

2,0509,543

10, 4122,817

2,51414, 2353,5413,670i, 0574,577

13,6192,6763,840

4,0443,1404,141

2533,4137,135

12, 2662,205

4,810

4,7444,8413,4565,003

299

2745,7034,239

9772,9931,618

5,877

Cash inhands

of comp-trollerand re-ceivers

Dollars128,16856,15524, 90336, 53142, 093

123, 80379, 41025, 48317, 547

57,45570,169

17, 459135, 987

48, 58416,487

3,44449, 97876, 38330, 93549, 426

117,64743, 40148, 91344, 227

85, 54024,30641,53914, 5829,511

34,397166,13029,354

40,086

24,9358,597

53,18047,4343,076

3,26858,42881, 679

1,900201, 39356, 260

77,965

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars1,871, 690

350, 860251, 063307, 520148, 226

1, 742, 930350, 868771,14788, 976

257, 344835, 891

489, 780433,858

200, 557163,186

54, 8301, 546, 931

300,148214, 745735, 578

1, 472, 3641, 766, 288

299, 448785, 049

501,124310,813136,49521,136

123,138326,491934,754114,457

548,305

271,985348,314430, 627742, 275

61,6561,488, 261

737,894

611, 567

1,414,280

Divi-dends(per-cent)

9 609 509 60s 78

73

9 259 409 30

9 609 35

15

4237.5

9 609 359 509 609 409 60

9 509 50

40

33.33339 509 509 20

9 15

9 859 509 459 40

9 509 60

9 55

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Oct. 12,1934

2750275127522753275427553756275727582759

276027612762

276327642765

376627672768?,769277027712772277327742775277627772778277927802781978?2783278427852786378727883789

279027912792279327942795279627972798279928002801280238032804380528062807

2808

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

Page 451: Annual Report of the Comptroller of the Currency 1934

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

Date re-ceiver ap-pointed

Book valueof assets

at date offailure,

estimatedgood

Book valueof assets

at date offailure,

estimateddoubtful

2810

2811281228132814

2815281628172818281928202821282228232824282528262827

2828282928302831283228332834283528362837283828392840

28412842

2843284428452846284728482849285028512852285328542855285628572858

2860

28612862

28642865

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

First National Bank, Belleyue, Iowa 7

National Bank of Ionia, Mich.7

First National Bank, Millen, Ga.7

Dollar,50,000

125,000

50,00060,000100,00050,000

Apr. 20,1934Apr. 23,1934

.-doApr. 25,1934...do— d o

25,00075,00080,000125,000200,00050,000100,000 M;100,000150,00025,000150,00050,000

50,000

150,000

Apr. 26,1934Apr. 27,1934May 1,1934_-.doMay 2,1934--.do

ay 3,1934May 8,1934---do

May 9,1934do

Dollars963,013663,619

520,149430,987558,015322,393

. 444,432382,808504,845347, 415

2, 418, 54747,084

Dollars564,076

1,189,407

132,727343,184442,47246,000

413,534354,973168,244232,426

2, 263, 79661,299

676,052876,082155, 387

. . .do

. . .do

May 10,1934150,000 May 14,1934

May 15,1934May 22,1934

dodo__.

100,000140,000

2,000,00050,00050,000

150,00075,00025,000

100,000100,000100,000

May 23,1934ddo

May 31,1934do

-do_

50,000-__dc125,000 June 4,1934

40,000200,000

_do.do

50,000 . . . . d o50,000 June 6,193425,000-.. .do

300,000 June50,000

100,00075,000

100,000100,00050,000

18,1934dodododododo

100,000 June 21,193'dodo

000 June 22,193'

200,00025,000

2, 250,"

75,000 June 25,1934500,00C

75,00075,000

75,00C150,000

25,00C

-do.

_do__do_

__-doJune 26,193'—do

218, 580388,872

816, 114929, 000417, 276327,739

7, 091,0051,033,488

916,1201,371, 794

289, 28295, 670

422, 843331, 227796, 647

187, 797688, 321

174, 221336,585774, 463238,122

2,4602, 287,466

330,451438,188218,392298,736568,896226, 576178, 542685, 312321,480

16, 302

470,8984, 207, 658

164,838672,880

405, 618545,79171,422

511, 560734,264134,847

122.166842,187

840, 4391, 211, 395

436,085239,223

8,935, 502913,814643,143357, 214182,48738,091

742,953739,801

1,156, 602

52, 5241,182,210

150,230309,032707, 322154,62322,165

611,71788, 594

1,062, 788185,468310,098235,99759,148

230,671351,91504, 37'880,022

357,4022,988, 575

317, 539374, 696

246,463928,139

36.045

Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 452: Annual Report of the Comptroller of the Currency 1934

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,

Bookvalue ofassets atdate offailure,

estimatedworthless

Dollars13,456

200

48798, 65713,1244,445

5l, 1346,879

74,063255,40618,478

37,36028,18316,977

3,7132,289

113,331165,98121,956

313, 329718, 203447,158295, 83667,36326, 66419, 835

153,43864, 796

136,035

5,30545, 633

16, 11182, 243

204,93322,4273,872

313, 71729, 668

1,10590,94222, 53870, 83279,14947, 558

161,66030, 874

942,249

32, 6351, 806,683

64,64051, 283

7640, 76811, 394

Addi-tionalassets

receivedsince dateof failure

Dollars200

3,145

6,80826, 7132,453

73, 250

67,11424,89085,025

426, 2331,033

66,537

17

8,5093,660

64,843

50, 580263, 20421,150

14,33528, 35317,17613, 60454, 322

471

913

3,52321,401

176, 265

247,21077, 766

13,8004,810

200, 000

647, 540

41

7,(K>I

Totalassess-mentuponshare-holders

Dollars50,000

125,000

60,000100, 00050,000

25,00075,00080,000

200,00025,000

100,000100,000150,00025,000

50,00050,000

150, QO0150,000100,000140,000

2,000,00050,00050, 000

75, 000

100,000100, 000100,000

50,000125, 000

40,000200,00050,00050,00025,000

300,00050, 000

75,000100,000100, 00050,000

100,000200, 00025, 000

75,000500,000

75,00075,000

150,000

Total assetsand stock

assessment

Dollars1,590,7451,981,371

660,171959, 541

1,116, 064496,088

950,080888,805844,993653,904

5, 563,982152,894100,000

1,391,5091, 788,529

332, 228

402,9681, 287,008

1,984,7272, 456,376

975,3171,070, 871

19,007,9142,465.6101,905, 0991,810, 706

601, 786170, 772

1,432, 8381, 290,1462,189, 755

296, 5392,041,164

384, 085949, 261

1, 912,983465,17253,497

3,760,110576,479

1, 502, 081583, 602736,182975, 725414, 873556, 771

1, 598, 887881, 731

1, 838, 573

935, 93510,150,456

622,0171,173,859

652,1981, 664, 698

125,912

Progress of liquidation to date of this report

Cash col-lections

from assets

Dollars990,762863,303

456,045323,775450, 032157,594

431, 275404,600238,380290,878

2, 347,84031, 734

636,150

72, 262

130,971310,219

820, 308

265,158

932,965

1,116, 56198, 34455, 329

406, 390216, 580381,389

178,022

259, 224346,152

281,983

197, 557

185, 689

327,018

53,933

Cash col-lections

fromstockassess-ment

Dollars6,775

21,320

20, 34938,320

625

16,92514,695

131

34, 5942,250

3,325

11,5755,585

32,632

6,558

2,700

625

11,81134,5673,800

4,600

1,7506,500

1,200

Receiver-ship earn-ings, cash

collec-tions frominterest,premi-

ums, rent,etc.

Dollars33,36938,410

20,09217,92921, 79211,666

9,53423,84024, 59220, 27593,812

2,583

35, 745

7,372

10.16439,153

45,990

23, 202

63,367

42, 42714,948

9185,923

43, 75211, 642

6,419

20, 50927, 880

17, 208

12, 449

5,349

19, 532

4,403

UnpaidbalanceB. F. C.

loan

Dollars

179,223

153,600

54,838161, 58276,982

423,954

66,731

86, 216

58,185

354,229

83,878

64, 910

39, 554

75, 572

Offsetsallowed

andsettled

Dollars36,74073,752

21, 50142,24047,33932,064

106, 67856,16760, 62730,030

126, 5793,979

57,685

12,699

27, 69066, 220

26, 725

32,920

89,453

75, 76822. 3458,462

34, 29815,464

6,193

38, 25426, 874

39,181

22, 748

12,794

30,061

6,837

28092810

2811281228132814

?815281628172818281928202821282228232824282528262827

2828282928302831283228332834283528362837283828392840

28412842

2843284428452846284728482849285028512852285328542855285628572858

28592860

28612862

286328642865

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

Page 453: Annual Report of the Comptroller of the Currency 1934

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

28092810

2811281228132814

2815281628172818281928202821282228232824282528262827

2828282928302831283228332834283528362837283828392840

28412842

2843284428452846284728482849285028512852285328542855285628572858

28592860

2861

286328642865

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

Page 454: Annual Report of the Comptroller of the Currency 1934

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

Securedand pre-

ferredliabili-

ties paidexcept

throughdivi-

dends, in-cludingoffsets

allowed

Dollars181,897265,128

109,632178,07347,339

102,487

250,919355,970285,529221,925992,772

16,598

390, 606

60,813

98,974329,334

385, 556

217, 507

530, 600

670, 23594, 07650, 986

138, 575179, 904354, 373

48,114

115,221312, 807

185, 361

113, 206

88,406

168, 794

54,148

Cash ad-vancedin pro-tection

of assets

Dollars977139

11,961726775

246143123891

1,667

99

3226

475

1,214

27799

1,298

1,458

317

107330

948

130

357

Conser-vators'

ex-penses

Dollars16,63926,653

10,97814,16914, 375

202

9,62320, 34925,00411,18772,9185,794

27,188

7,124

9,73728, 222

29, 343

18,960

35, 515

28, 61514, 009

29, 50435, 439

538

5,334

36, 83625, 737

1,983

12, 588

12, 706

6,939

Receiv-ers' sal-aries,

legal andother

expenses

Dollars2,8063,630

1,3867,6192,7433,069

2,7673,9983,7682,195

10,6861,284

4,037

1,998

2,2395,225

6,113

2,859

9,884

4,5492,186

7815,4935,1275,012

1,240

3,1944,361

2,184

14, 803

1, 509

1,353

684

Cash inhands

of comp-trollerand re-ceivers

Dollars55,60067,989

23,66749, 423

492, 30095,416

105,48742,34620,41341,968

142,64716,870

23,841

25, 723

69,44758,170

135, 003

9,746

32, 206

55,89925,19212, 942

249, 254108, 727

50, 914

140, 229

12, 38364,171

21.617

18, 202

21,501

20,026

3 409.

Amountreturnedto share-holdersin cash

Dollars

Amountof claimsproved

Dollars1,141,696

109,396593,299766,724210,455

809,411375, 241582,282233,138

4,575,521

548,556

992, 088

545, 536

1, 439,851

756, 629

14, 704

171,917

423, 460

258, 852

288, 604

229,182

359, 972

5 874

Divi-dends(per-cent)

9 709 65

9 7550

9 359 359 459 609 50

9 50

9 35

»25

9 45

9 60

^ 50

S60

9 45

9 35

9 70

Interestdivi-

dends(per-cent)

Date finallyclosed or

restored tosolvency

Oct. 22,1934

?,8092810

2811281228132814

281538162817381828193820282138222823?,824282528262827

3828?,82928302831283238332834283538362837383828393840

38413842

28432844284528463K47384828493850285138523S5328542855385628573858

38593860

3F612862

286338643865

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

Page 455: Annual Report of the Comptroller of the Currency 1934

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

200,00025,00030,00050,00050,000

150,000Oct

do—.do

doSept. 26,1934

do300,000 Sept. 29,193410,1934

.do50,000

100,000

Dollars76,44965,973

332,025957, 72799,055

289, 771191,194

4 266,895170,1064 92, 742

1, 679,218

3,632487,876704,245

4,358,088464,825

4 543, 3101,374

4 1,871,1994 613,846

356,76598,039

4 212,603

41,942,8294 525,3634 220,8914 908,975

217, 6664 4, 378, 72741,292,436

4 514, 264

Dollars90,486

454,874231, 727

74, 369135, 766171, 578144, 275

179, 695

434, 552

13, 287930,256306,729

5,907, 387861,939

278,573

332, 370169, 761

133, 84

4 929,479

110,000125,00025.00C50,00C

150,00C

150,00C600,00C

25,00C125,00C200,00C

80,00C

.do..Oct. 12,1934Oct. 15,1934Oct. 20,1934Oct. 26,1934

.do..

4 2,117, 7354154,605

Oct. 27,1934

Oct. 29,1934Oct. 30,1934

do.do . .

4798, 717

4 1 , 358, 9584 9,176,992

4 231,89541,144,31041,496, 28941,118, 651

Grand total (1,635 receiverships)

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

Page 456: Annual Report of the Comptroller of the Currency 1934

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

Page 457: Annual Report of the Comptroller of the Currency 1934

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

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalanceR. F. C.

loan

Dollars34,389

271,721298, 830

223

1,470,327,131

1,436,738,268

33, 588,863

239, 912, 745

Loss onassets com-poundedor soldunder

order ofcourt

Dollars

156, 679, 307

142, 362, 234

14, 317, 073

7, 521, 569

Book valueof remain-ing uncol-

lectedassets

Dollars146, 697747,186340,909931, 301235,007470, 857344, 050266, 895356, 964

92, 7422, 519, 366

38, 8391, 592, 3841, 019, 465

12, 039, 4971, 400, 572

543, 310416, 753

1,871,199613, 846829, 095311,866212, 603

1, 942, 829525, 363220, 891908, 975415, 398

4, 378, 7271, 292, 436

514, 264

929, 479

2,117, 735154, 605

798, 717

1, 358, 9589,176 992

231,8951,144, 3101, 496, 2891,118, 651

1,405,966,506

1,405,966,506

417,195.034

Bookvalue ofremain-ing un-

collectedstock as-sessment

Dollars48,325

200,00050,000

200,000

25,00025, 00060,00025, 000

200,000

150,00050, 000

500, 00080,00050, 000

150, 000

25, 000

25, 00030, 000

50,000300,000

50,000

100,000

#

142, 029,151

140,438,089

1, 591, 062

32, 873, 268

Bookvalue ofassets

returnedto share-holders'agents

Dollars

217, 255

217, 255

Disposition of proceeds of liquidation

Conservators'distributions

To se-cured

creditors

Dollars

20, 255, 292

20, 255, 292

13, 410, 942

To un-securedcreditors

Dollars

165,807, 781

165, 807, 781

81, 518, 734

Dividends paidby receivers

On se-curedclaims

Dollars

36,003, 211

33,759,130

2, 244,081

422, 679

On un-securedclaims

Dollars

535,843,177

523,040,731

12,802,446

17,182, 606

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

Page 458: Annual Report of the Comptroller of the Currency 1934

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

Page 459: Annual Report of the Comptroller of the Currency 1934

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

do .

Dec. 7,1933

Dec. 21,1933

Jan. 18,1934

Feb. 10,1934

Apr. 9,1934

Sept 20,1934

Book value of assets at dateof failure

Esti-matedgood

Dollars166, 111

409, 535

442,330805,820144,697

1,154,8321,090,506

478, 357

309, 762

1,033,907

1,899,889

1, 799,153

381,130

* 539,920

10, 655, 949

Esti-mated

doubtful

Dollars426, 556

344,855

379,920247,267889,763

1,063,091642, 012484,949

389,837

645,038

1,218,410

884, 604

195,142

7,811, 444

Esti-matedworth-

less

Dollars110,368

476,838

133, 57465, 780

1,264,071338,461

5,6991,671

12,305

45,459

170,663

66, 641

6,029

2, 697, 559

Disposition of proceeds of liquidation

Conservators'distributions

To securedcreditors

Dollars

410, 750

10,750

To unse-cured

creditors

Dollars

* 528,069* 462, 957

* 172,1504 522,715

* 1,017, 060

* 162,882

2,865,833

Dividends paid byreceivers

On securedclaims

Dollars34,466

34,466

On unse-curedclaims

Dollars112,625

234,193

435,784616,168

69,947

<)83 053

2,451,770

8fe

pat

diii

Securedmd pre-rred lia-bilitiesid excepthroughvidends,icludingoffsetsallowed

Dollars144,007

171,284

103, 491171, 65555,932

1,058,767534,497110,343

200,973

467,169

991,039

715,507

174, 692

4,899,356

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

Page 460: Annual Report of the Comptroller of the Currency 1934

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

Addi-tionalassets

receivedsince

date offailure

Dollars6.045

77,983

54,41058,01512,618

410, 75162,78711,668

22,951

46,170

93, 510

39, 680

3,004

899, 592

Totalassess-mentuponshare-holders

Dollars116,830

90,000

100,100106,060

100,000100,000

100,000

140,000

852, 990

Totalassets and

stockassessment

Dollars825,910

1,399,211

1,110, 3341,282,9422,311,1493,067,1351,901,004

976,645

734,855

1,870, 574

3, 522,472

2, 790, 078

585, 305

539, 920

22, 917, 534

Progress of liquidation to date of this report

Cashcollec-tionsfromassets

Dollars197,076

260,851

392,844761,52237,478

1,066,9311,038,932

549,447

309, 471

759, 537

1, 395, 369

826,963

241,104

7,837, 525

Cash col-lections

fromstockassess-ment

Dollars19, 585

19,898

57, 76452,413

9,397

7,300

290

166, 647

Disposition of proceeds of liquidation—Con.

Cashadvanced

in pro-tection

of assets

Dollars5

52,72,8

63,0

11,91

8

2,0

13,91,6

69

17

9922038841

73

46

13

16

90,387

Conser-vators'

expenses

Dollars

20,12725,30111,169

12,751

17,198

56,517

34,080

9,946

187, 089

Receivers'salaries,

legaland otherexpenses

Dollars32,774

50,851

35,19040, 2208,290

62,15529,1863,801

14,177

11,859

23,159

26, 332

2,294

340,288

Cash inhands of

comptrol-ler and

receivers

Dollars5,154

25,338

10, 76024,48114, 284

273,603102,10247,269

13,092

102,963

41, 209

14,637

31, 022

705,916

Receiver-ship earn-ings, cashcollectionsfrom inter-

est, pre-miums,

rent, etc.

Dollars11,228

36,696

28,86421,15734, 91433,76559,16229,602

23,877

44,893

85,059

66,966

22, 538

498, 721

Amountof claimsproved

Dollars464,040

937,650

792,373769,996

1, 053, 803666,597

345, 717

1, 046,483

2,034,906

1, 512, 388

326,057

9, 950, 010

UnpaidbalanceR.F. C.

loan

Dollars22,100

154,500

32,400

37,400

116,700

187, 779

345,861

753, 590

88, 323

1, 738, 653

Divi-dends(per-cent)

31. 6666

25

5580

4 50^60

no4 50

<50

65

4 50

Offsetsallowed

andsettled

Dollars79,606

62,438

76,25218,0549,117

325,94474,40556,490

44,665

124, 441

316, 318

127,706

28, 871

1,344, 307

Interestdivi-dends(per-cent)

Total col-lectionsfrom allsources,

includingoffsets al-lowed and

unpaidbalance

R .F . C. loan

Dollars329,595

534,383

588,124853,14681,509

1,426,6401,219,296

635, 539

494,713

1,123,950

2,142,897

1,775,225

380,836

11, 585,853

Date finallyclosed or

restored tosolvency

la

2a

3a4a5a6fl7a8R

Qfl

10a

lla

12a

13a

14a

la

2a

3a4a5a6a7a8a

9a

10a

l l a

12a

13a

14a

* Including dividends paid through or by purchasing bank.• Dividends paid through or by purchasing bank.

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Page 461: Annual Report of the Comptroller of the Currency 1934

452 REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 47.—National banks restored to solvency after having been placed incharge of receivers

He-ceiv-er-

shipno.

I l l1C3200203208209215220223224232233242300318343374

401403416417418473498507529539544550553555

556561562566572584595604608609622627631636637639641647690705712730750786790792793826828900940953956

10561086111811431163123312711301131113151377

Title and location of bank

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

do.Aug. 14,1893

doOct. 5,1893Aug. 24,1895July 26,1896Jan. 7,1897

MayJuneAug.Oct.Oct.Oct.Oct.Oct.Sept.JulyJan.Mar.Sept.Dec.

23,189827,19013,19011,190321,190322,190325.190716.190817.19097.191312,191425,19142.191430,1914

Feb. 4,1915Feb. 12,1915May 17,1915June 3,1915July 29,1915Dec. 6,1915Apr. 16,1917Nov. 16,1920Feb. 16,1921Mar. 19,1921Mar. 25,1921Aug. 25,1921Sept. 16,1921Nov. 9,1921Dec. 12,1921Dec. 22,1921Jan. 4,1922Jan. 12,1922Feb. 20,1922June 20,1923Oct. 2,1923Nov. 7,1923Nov. 28,1923Jan. 28,1924Mar. 21,1924Mar. 24,1924Mar. 27,1924

.do.JuneJuneMar.Oct.Nov.Nov.Nov.Jan.Mar.MaySept.Oct.Feb.JulyOct.Dec.

23,192424.19247,19256,192521.192527.192523.192612.192717,192727,192715,19276.192827,192925,192918,19297.1929

June 26,1930

Date restoredto solvency

Feb.Feb.Feb.Dec.Dec.Jan.Nov.Dec.Mar.Dec.MayNov.Apr.Feb.Jan.Mar.

Mar.Nov.Jan.Oct.Dec.Dec.Feb.Jan.Dec.Apr.Jan.MayNov.Feb.

JulyApr.JuneJulyJan.Mar.Aug.Jan.Dec.JuneApr.Nov.Oct.Nov.MaySept.Sept.MayApr.Oct.Dec.MayJulyJulyOct.Dec.JuneMayApr.Sept.JulyMar.Sept.Jan.Aug.Mar.MayJulySept.Oct.Mar.Oct.Feb.Feb.

17,188715.18926.18955,1894

21.189329.189417,189311.189326.18944,1893

21,189417.189326.18941.18961.1897

16,1897

20,189912,19012.1902

15,19064.19037,1903

10.190828.190923,190925,191426,191414,191430.19148,1915

30.191515,191529,191519.191525.191615.191631.191710,19214,192220,192122,192110,192124.192128.192222,192223,19229,19228.192226.192229.19235.192313.192424,192421,19247.192516,19249.192431.192420.19253,192415.19256.192622.192622.192717,192722.192722.192815,192726.192716.192825.192930.19293,193021.1930

July 2,1930

Capitalstock

$150,000100,000125,000150,000150,00050,00050, 000500,000250,00050, 000150, 000200, 00050, 000300, 000500, 000100, 000

250,000500,000100,00030, 000

2,000,00035,000300,00050,00025, 000

3,400,00025, 00050,000300,00025,000

25, 00025,00025,00050,00030,00050, 00050, 00050,00025, 00075,00050,00025, 00025,00025, 000200,00025,00025,00025,000100,00050,00040,00050,00030, 00025, 00050,00050,00060,00040,00025,00050,00025,00040, 00050,00065,00025, 00035,00050,00075,00050, 00025,00035,00050,000150,00050,000

400,000

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Page 462: Annual Report of the Comptroller of the Currency 1934

REPORT OP THE COMPTROLLER OP THE CURRENCY 453TABLE NO. 47.—National banks restored to solvency after having been placed in

charge of receivers—Continued

Re-ceiv-er-

shipno.

137814081464148214831485149814991504170317061710171317161719174517511759176817811791180218161817182918381852186518941895190319041905191419201932194119521953196520062087

2126224022862309233023432370237323752376237923862393242924382447248624912503250425582564268126952708271027602825

Title and location of bank Receiverappointed

Date restoredto solvency

Capitalstock

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

6,193121,193122,193126,19315,1931

Jan.Jan.Jan.Jan.Oct.

Oct.Oct.Oct.Oct.Oct.Oct.Oct.Oct.Oct.NovOct.

6,19317,19318,19319,1931

16,193119,193120,193123,193129,19315,1931

29,1931Nov. 30,1931

doDec. 7,1931Dec. 9,1931Dec. 17,1931Dec. 23.1931Jan. 18,1932

do.Jan. 19,1932

do.do.

Jan.Jan.Jan.Feb.Feb.Feb.Feb.Mar.

21,193223,193227,19322,19324,19325,193211,193230,1932

July 7,1932Aug. 24,1932Jan. 20,1933Mar. 1,1933July 11,1933Aug. 8,1933Aug. 18,1933Sept. 11,1933Sept. 12.1933

dodo

Sept. 13,1933Sept. 15,1933Sept. 19,1933Oct. 5,1933Oct. 9,1933Oct. 12,1933Oct. 27,1933

do.Oct.Oct.Nov.Nov.Jan.Jan.Jan.Jan.Mar.May

30,193331,193310,193314.193312.193418,193430,193431,19346,19349,1934

Aug.Feb.Mar.Feb.JuneJuneMayJuneMar.JulyJulyJan.Feb.Mar.Sept.Feb.MayNov.Sept.Nov.MayFeb.Feb.Feb.JulyJulyMar.Mar.Apr.JuneNov.Apr.Dec.JuneOct.Oct.Mar.JuneMar.JulyDec.

JuneFeb.Dec.Apr.Aug.JuneMayJuneApr.MayAug.Oct.JulyOct.Sept.Sept.Oct.JulyJuneOct.Aug.MayMayMayMayJuneOct.Oct.Oct.

14.193025.193112,193120,193110,193116,19312.193116,193121.193116.193215,19324.193220,193231,193215,193225,193214,193219,193210,193219,193231.193220.193325,193215.19321,19325,193216.19331,19327,193215,193230,193219,193219,19321,19324,193215,193218,19326,193216,193215,193212.1932

15.193319.193421.193323.19346,193422,193418,19345,193416,193411,193429,19343,193431,19344,19343,19347,193415,193427,19346,19349,193427,193410,193412,193415,193418,193412,193416,193412,193422,1934

$25,00025, 000500,00025,00075.00050,00025,00025,00025, 00040, 00025, 000300,000800,000100,000150,00050, 000100,00025,00050, 00050,00050,000100,00030, 00075,000400,000500,00025,000100, 00050,000100, 00050,00070,000100,00060, 000200, 00050, 00025, 000100, 00050, 000

200, 00050,000

500,00050, 000

2, 000, 000200, 00050, 00050, 000100, 00025, 00030, 00030,00025,00050, 00050, 00025, 00040,00050, 00025, 00050, 000

300, 00050, 000100, 00035, 00075, 00025,00050,00025, 000

300,00025,000

150, 000

Total (145 banks). 22,115,000

106093—35—T-~ 30

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Page 463: Annual Report of the Comptroller of the Currency 1934

454 REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 48.—National banks restored to solvency which subsequently becameinsolvent

Receiver-ship no.

Firstfail-ure

208242232200562636631608639641555792712826343953111862717137901315507150414991311

Sec-ondfail-ure

Title and location of bank Receiverappointed

Capitalstock

271291304386575661736840876

1048111013101317144214461455185120222133222023092331239327462773

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

Dec.Apr.Nov.Oct.Mar.Nov.Dec.Aug.Jan.Nov.Feb.Oct.Dec.Dec.Dec.Dec.Dec.MaySept.Jan.JulyAug.Sept.Feb.Mar.

13.189426.189529,189519,18996,191618.192217.192325.192422.192512.192621.192714,192910.19295,19308,193016.193017.19319.193222.19325.193311.19338,193319.193327.193419,1934

Total (25 banks).

$150,00050,00085,000100,00050,000200,00025,00075,00025,00025,00025,00060,00025,00025,000

1,000,00050,00050,00025,000800,00050,00050,00025,00025,00025,000150,000

3,170,000

1 Second failure. 2 Formerly Third National Bank.

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*

Trustno.

18422115211023742582

19161186

2338110620162015177919131140

169316762586

223421742202

1790243615531403

Location

Aberdeen, WashAckley, Iowa___ _ _Adams, MinnAdams, NebrAdrian, Mich

Adrian, Mo .-_ -Albany, Ga

Albany, OregAlbert Lea, Minn ._Albion, 111

__ _do_ .do

Albion, N. YAlcester, S. Dak

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

the Thousand Islands.First National Bank

doAllenwood National

Bank.First National Bank

.doSecond National Bank_First National Bank

Date receiverappointed

Dec. 11,1931Aug. 10,1932Aug. 8,1932Sept. 12,1933Dec. 5,1933

Jan. 21,1932Jan. 4,1928

Aug. 16,1933Feb. 18,1927Apr. 27,1932

doOct. 29,1931Jan. 21,1932May 17,1927

Sept. 28,1931Sept. 11,1931Dec. 7,1933

Jan. 17,1933Nov. 14,1932Dec. 22,1932

Nov. 3,1931Oct. 9,1933Apr. 16,1931Sept. 26,1930

Dividends paid duringthe year

Amount

$96,600. 5670,422. 68

167. 6588,035. 51

i 257, 243.00

9,687.0632,490. 61

66,938.88259. 63

8, 343. 054,943. 24

39,934.86488, 612. 95

10.05

22,890. 4845,778. 44

170, 284.- 85

96, 905. 328,313. 746, 903. 37

3 194. 0068, 577. 88

112,991. 4429, 549. 25

Percent

1419

70140

155

15

5.53.58

16. 6666

51533.5

501038

456

15

Totalpercentof divi-dends

paid tocreditors

39457

70140

1540

15751617.538

« 76. 666675

453533.5

502588

3 50455470

Footnotes at end of table, p. 474.

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Page 464: Annual Report of the Comptroller of the Currency 1934

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

Trustno

2585

193017422146

22271505233419242855

199620482235209826201428213322722273251190923232326

2579

173614141471231720852117152724602284

12651392176222581659

19931292

201924002408109516232444

244317292643

1798

28632684

21892561175614371872

1456

Location TitleDate receiver

appointed

Dividends paid duringthe year

Amount Percent

Totalpercentof divi-dends

paid tocreditors

Anaconda, Mont

Anamosa, IowaAnawalt, W. Va._.Andalusia, Ala

Anna, 111Anoka, MinnAnsonia, OhioArcadia, FlaArcanum, Ohio

Arlington, GaArlington, NebrArlington, OregArtesia, Calif . .Arthur, 111Asheville, N. CAshland, Ky_Ashland, Wis—__doAsh ton, IowaAthens, GaAthol, Mass

do

Atwood, 111Auburn, MaineAuburn, Nebr_.Auburn, Wash.Augusta, 111Augusta, Kan__Aurora, 111

do..

National Bank of Ana-conda.

Anamosa National BankFirst National BankAndalusia National

Bank.First National BankAnoka National Bank__First National Bank

doFirst-Farmers National

Bank.First National Bank

.do.Arlington National BankFirst National Bank...

.doAmerican National BankAshland National Bank,

doNorthern National BankFirst National BankGeorgia National Bank..Athol National Bank___Millers River National

Bank.First National BankNational Shoe & Leather

Bank.First National Bank

do...do....do..

Avella, PaAvoca, MichAvon by the Sea,

N. J.Avon Park, FlaAyrshire, Iowa.Baldwin Park, Calif.BalstonSpa, N. Y._.Bancroft, IdahoBaraboo, Wis

Bar dwell, Ky_Bartow, Fla—

First National Bank in_.First National BankLincoln National Bank__First National Bank

do _-

..do..

..do..

.-do--do--do-

Bayard, W.VaBeallsville, Ohio..Beason, 111Beardsley, Minn..Beggs, OklaBel Air, Md

First National Bank &Trust Co.

First National BankPolk County National

Bank in.Bayard National Bank..First National Bank....

do._do-_do-

Belington, W. Va__Bellefontaine, Ohio.

Belle Fourche, S.Dak.

Bellevue, IowaBellows Falls, Vt_ _.Belmont, OhioBelton, TexBelvidere, N. JBenton, 111Benton Harbor,

Mich.Bentonville, Ark....

Farmers & MerchantsNational Bank.

Second National Bank_.First National BankBellefontaine National

Bank.First National Bank

.do-National Bank of Bel-

lows Falls.Belmont National Bank.Belton National Bank...Belvidere National BankFirst National BankAmerican National Bank

& Trust Co.Benton County Nation-

al Bank.

Dec. 5,1933

Jan. 27,1932Oct. 15,1931Oct. 5,1932

Jan. 12,1933Jan. 27,1931Aug. 15,1933Jan. 26,1932June 21,1934

Mar. 8,1932June 17,1932Jan. 19,1933July 18,1932Dec. 13,1933Nov. 21,1930Sept. 22,1932Feb. 13,1933

do.Oct. 31,1933Apr. 17,1925Aug. 3,1933Aug. 4,1933

Dec. 5,1933Dec. 19,1933

Oct.Oct.Dec.JulyJulyAug.Mar.Oct.Feb.

13.193128,193023,193027,19336,1932

12.19327,1931

24.193327,1933

Feb. 18,1929Aug. 12,1930Oct. 22,1931Feb. 2,1933Aug. 20,1931Sept. 11,1933

Mar. 4,1932June 28,1929

Apr. 28,1932Sept. 26,1933Sept. 29,1933Jan. 21,1927July 9,1931Oct. 11,1933

doOct. 13,1931Dec. 26,1923

Nov. 6,1931

J u n e 25,1934J a n . 15,1934

Dec . 1,1932N o v . 13,1933Oct. 19,1931Dec . 2,1930Dec . 29,1931

Dec . 16,1930

347, 251. 50

86,895. 8549.74

69, 606. 22

114, 440. 4530, 785. 8955, 003. 6046,387. 05

i 80, 671. 00

13, 035. 688,174. 39

24, 879. 6638, 448. 74

124, 477. 773, 881. 92

105, 792. 37* 361,838. 003 163, 927. 00

33,142. 53* 20. 58

< 673, 360. 312 830, 408. 50

58, 565. 411, 510, 205. 00

25, 525. 2328, 466. 7821,436. 4687, 894. 93

287, 973.1083,869. 8172, 072. 5041, 645. 9440, 974. 81

9 1.815, 692. 51

9 6.0011,316.7110, 081. 83

3 396, 408. 20

16, 563. 411, 268. 21

39,148. 66108, 362. 27

65, 979. 439,882. 819,123. 98

6 298, 274. 78

2 730, 021. 9438, 663.86

i 588, 807. 00

63,187. 99

i 249, 304. 00i 232, 228. 00

11.49i 155,164. 00

* 1,822. 3942, 443. 34

289, 049. 94

37, 477. 04

86

15

256

105. 77610

135

1510301870

223 303 20

55

150

1358

2513159

2430

1322.550

8.5

2895854.245

12.56 63. 3333

2 8012.5

i 70

10

170

6548

7

2555

105. 77618. 3333

135

2551. 66665551. 3333704177

3 3020551450

2 75

50

5858582555.522.5292430

254732887050

33.516.5

958577. 24542.563. 3333

62.570

26. 6666

20

Footnotes a t end of table.

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Page 465: Annual Report of the Comptroller of the Currency 1934

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

do.

Blythe, CalifBlytheville, Ark.Bode, IowaBoise, Idaho

Boonville, Mo.Boston, Mass..

—do—doBishopville Nat ional

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

. — .do

Jan. 12,1931Dec. 28,1933June 7,1932Jan. 19,1934Oct. 14,193?.Oct. 15,1931Jan. 12,1932

Jan. 18,1930Oct. 29,1931July 3,1931Nov. 10,1930

July 30.1929Mar. 17,1931Aug. 22,1932

Aug. 12,1931Nov 6.1931Oct. 1,1931Aug. 9,1932

June 21,1932Dec. 22,1931

Dec. 15,1931Oct. 3,1933Feb. 9,1932June 23,1931

Mar.Oct.Aug.MayOct.Jan.Nov.Apr.Feb.Aug.

Oct.Aug.Dec.Oct.Apr.Feb.Feb.Jan.Dec.Oct.Nov.

28,19346,19317, 19311,1934

27,19336,19347,193327,193137.19303,1933

2,193324.19312,19319.193325,19282.193411.193213,19313,192631,19309,1933

Apr. 16,1931

Mar. 28,1932

Sept.Dec.Feb.Feb.Oct.Jan.May

25,193323.19318,19347,1934

30,193120, 193314,1925

Dec. 2,1930

Jan. 22,1930

Feb. 18,1932Jan. 10,1934July 7,1932Aug. 8,1933

$112.06i 206, 991. 60550,433. 97

1 565, 910. 267 512,122. 00

22, 045. 8169,903.98

» 5. 8147, 033. 0159,989. 853,859. 03

< 86. 002, 690. 482,451. 32

1.7520,414. 0710, 781. 61

270, 321. 02

152,181. 36666, 704. 68

2,184, 210. 3464, 656. 399 644. 34

75.11

i 167, 582. 0013, 250.1321, 576. 70

1 139,999. 0066, 252. 06

1 448,113. 002 247, 912. 88

4, 765.449 32

48,993! 63

307, 284. 71133. 37

10,452. 40105,078. 79

12. 468 881, 058.99

23, 706. 22115,107.1344, 775. 33

81.70349,840. 51

430,887. 46

505, 407. 47

55, 748. 3074, 416. 53

1 361, 912. 001 470, 566. 00

87, 280. 557,927. 48

33, 025. 71

7,122. 31

16, 315. 78

9, 330. 6736, 624. 6839,002.12f<6, 814. 81

1 33. 333316. 666675

7 252548

12.510

151316. 6666

2615

1050

150105

16045

'652 75

7

30

78

580

8 704155.697

30

11

23

8510

14016020122

1.629

4.92

213018

2533. 333331.666675254073

2094.16661650

5550

7654033. 3333

6635

30502010

5030551604565

2 75376330

243580358 708.554678. 6973030

36

8570140160753772

16. 629

35.92

66301809

Footnotes at end of table,

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

Page 466: Annual Report of the Comptroller of the Currency 1934

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

Bank.Calumet National Bank.

Sept . 5,1930Sept . 23,1932Jan . 9,1934Dec. 21,1933

GO

J u n e 29,1932Oct. 3,1933

Apr. 16,1934Dec. 19,1933Dec. 13,1933..—doDec. 19,1930Oct. 29,1931Oct. 12,1931Jan. 15,1934Mar. 10,1934Sept. 27,1933Mar. 26,1928Apr. 25,1934

M a y 22,1934

Dec. 18,1930Dec. 10,1928

Dec. 18,1933

Oct. 3,1933Sept. 6,1933

Oct. 4,1933Dec 30,1932Oct. 9,1933N o v . 1,1933

Oct. 2,1933

Dec. 8,1933Jan. 12,1934Dec. 11,1931Oct. 14,1933M a y 22,1934Dec. 19,1933

Dec. 8,1930Oct. 13,1931Mar. 8,1930

Nov. 6,1933

J u n e 12,1930Oct. 30,1933J a n . 17,1934

M a r . 17,1930F e b . 17,1932Oct. 4,1933Oct. 5,1933Oct. 13,1933M a y 7,1931

Oct. 24,1933M a r . 9,1933Dec. 22,1932M a y 19,1931

J u n e 15,1932Apr . 6,1931J u n e 21,1932

Qct, 7,1931

$408. 2865, 623. 35

1, 274,065. 00i 416, 355. 00i 283, 638. 00

596. 34125, 447.18

i 468, 647. 001,055, 746. 00i 469, 572. 00i 274, 893. 00

9 93. 2619, 792. 9418, 492. 25

128, 206. 28i 445, 761. 00

17,102. 6016,210.48

301, 5S2.15

i 136, 476. 00

17, 053.1412, 338. 68

152, 909. 40

42, 331. 32SO, 814. 22

27,158. 5820,828. 8082,115. 98

153, 249. 81

32,065. 65

34,100.7068, 077. 7342,001.08

1 833, 295.0071, 410.10

72, 465. 7027,117. 57

9 14. 57

3, 094,188. 20

61, 833. 7169, 503.85

i 285, 492.00

75.4613, 206. 5281, 821.0531, 988. 01

324, 561. 844, 755. 61

i 378, 442. 00161, 348.1784, 779.75

147, 523. 60

57, 227.84185, 837. 98

4, 954, 25

1, 720.92

31. 6666175

6060

80

60i 60

60129. . . .

1015

14030

750

125

55

85

4096

35125095

16. 6666

46602055

14545

55

140

4.62865

135

10435040

145393210

1010

51.561. 66175

7580

606060298

7093.33331540303750

25

53

75

85

40

35225095

16.6666

466065554545

363045

40

6535

355543504012

45395253

235010

28.5

Footnotes at end of table.

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

Page 467: Annual Report of the Comptroller of the Currency 1934

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

Bank.Commercial N a t i o n a l

Bank.First National Bank— .do. . . . do -

May 21,1932July 1,1932

June 9,1931

June 25,1932

do

June 27,1932Oct. 1,1931June 27,1932

June 25,1932

Sept. 24,1931

June 27,1932

June 25,1932June 9,1931

Oct. 16,1931

June 25,1932

July 7,1932

July 18,1933

June 22,1931July 14,1932

Dec.MayDec.Nov.Apr.Jan.Nov.Mar.Sept.Dec.

7.193328,19277,193129,192616,193426,193118,19291.19346,193319,1933

Sept. 5,1933July 18,1932Feb. 26,1934Nov. 6,1933

Sept. 9,1933

Feb.Feb.Feb.Jan.Aug.Nov.Aug.Jan.

10,192710,19312,193227,193116,193314,193322,193019,1929

Sept. 8,1931Jan. 12,1929Aug. 14,1931July 5,1933

Nov. 11,1931Mar. 31,1927June 21,1932

Jan. 24,1933

Dec.Jan.Oct.

15,193329,19328,1931

$61, 232. 20222,929.82

1, 522.00

327.19

167, 229. 27

1, 635. 3629,045. 76

4.91

99, 797. 53

75, 234. 73

776.98

179.07347, 264. 59

131, 320. 55

153, 927. 25

283, 769. 652 1, 517, 975. 43

100. 72205, 718. 47

173, 465. 0015, 945. 6471, 328. 247,123.14

i 684, 937.00142, 081. 2110, 606. 98

1 150, 653. 002 299,130. 32

50,003. 22

20, 702. 66239, 921. 51

i 1, 798,374.002 383, 248. 72

44, 212. 84

10, 580. 7920, 774.9622,119. 9010, 475. 89

3 258,411.0013,178. 90

112. 75* 46. 58

6, 723. 513, 245.15

23.666 756, 545. 55

45, 717. 7159.18

20,874. 31

73, 241.10

118, 660.98111. 673 36. 00

1810

20

530

5

12.5

12.5

352 71

22

709.5322.51. 339

150254.07

1602 6048

2540

1552 95

42

7.1475105

3 2518

72.277

6 45

12. 5

17

25

108. 5

1832,5

40

19

20

323030

50

29

80

64

55

29.1666

37.5

68. 3333271

1677

7089.536041. 339505044.0760

2 6048

25655595

42

62.14745777525185587.5

5287. 2771045

6555

45

iofs550

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

Page 468: Annual Report of the Comptroller of the Currency 1934

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

Date receiverappointed

Nov. 1,1933July 81,1930July 3,1930Mar. 18,1931Dec. 18,1933

July 18,1932Nov. 30,1931Jan. 20,1932Feb. 21,1934

Nov. 11,1931

Aug. 18,1933

Mar. 19,1934Apr. 20,1934

Oct. 20,1931Jan. 8,1934Feb. 18,1932

doJan. 30,1933Jan. 9,1932

Oct. 30,1933Sept. 27,1933June 1,1932May 23,1934Jan. 23,1932Nov. 17,1931

Nov. 1,1933Oct. 26,1933Mar. 10,1933Nov. 2,1928July 6,1932Nov. 14,1932

May 14,1931Nov. 14,1931

July 3,1931Oct. 1,1932Jan. 18,1932Oct. 25,1932

Oct. 13,1931Sept. 10,1931

July 12,1929Feb. 21,1934

Dec. 12,1933Sept. 25,1929Feb. 16,1932

Nov. 3,1933May 11,1933

do

Oct. 23.1931Dec. 19,1933

3,19336,19329,1931

Nov.Oct.Jan.

Oct. 22,1931Jan. 30,1930Oct. 15,1931Dec. 14,1931June 19,1931May 3,1932Sept. 24,1928

Dividends paid duringthe year

Amount

$54,606.9511,890.801,096. 41

5.39221, 870.30

39, 727.123,496. 6297,312. 45

i 239,564.00

153, 662. 63

48,439.83

23, 028.48i 1,096, 727.00

3, 604. 74i 384, 239.00

17,306.1413,124. 9845,297.1310,338. 75

136, 376.1735, 525.44

248.196, 775. 27

42, 517. 64282. 31

61,295.1522,025. 05341,471.121,161. 88

15, 618.8235, 516.07

563. 9288.37

33,108. 5215,228. 2363,930. 3051,844. 70

10,898. 6296,880. 54

36, 378. 5040, 283. 43

422,815. 488.33

70,056.40

i 424, 945. 008 35,255,498.008 26, 371, 034.00

11,186.139,400.02

116,369. 8974,019. 787,165. 35

16,019. 6649.91

55,686. 0717,233. 9558, 682. 47

236. 06435.43

Percent

40

50

15

6. 6666160

15

35

42i 55

5i 60

5155014

6537.5

468

553225

1410

6. 333358. 333312.5

3510

435

100

5

1851028

86048205

11

158.57.5

Totalpercentof divi-dends

paid tocreditors

4060554450

257.5

80

60

35

4255

45160

10405032

6537.510464324

553225454210

561528.333325

6550

2935

1004940

18550

8 68

35604832.551

34443321451020

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

Page 469: Annual Report of the Comptroller of the Currency 1934

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

Bank.First National Bank

_do_..do..

.do..do

..do

..do..- d o . ...do

Ellensburg, W a s h -

Ellis, Kans..Ellsworth, KansEllwood City, Pa .~

doElma, Wash.Elmore, OhioEl Paso, Tex.Emmetsburg, Iowa.

Emporium, PaEnglewood, Kans..Ennis, TexEnosburg Falls, Vt.Enumclaw, Wash...

Ephrata, WashErie, 111Etowah, TennEufala, Ala

Home National Bank...First National Bank. . . .Holston National Bank.Elkin National Bank.. .National Bank of Ellens-

burg.First National BankCentral National Bank—Citizens National Bank.First National Bank

do.do.do

July 14,1932

Oct. 31,1933Aug. 23,1933Oct. 27,1932Nov. 10,1933Apr. 26,1934

Dec. 21,1933Jan. 3,1934Mar. 1,1934

Jan. 26,1934Mar. 5,1934Feb. 5,1934Mar. 8,1930Aug. 10,1932Sept. 23,1929

Jan. 20,1932Oct. 19,1931June 14,1932Jan. 26,1932Nov. 10,1933

The National Bank ofEmmetsburg.

First National Bankd

Aug.Mar.Dec.Jan.Nov.Sept.Sept.Mar.

23,193330,19318,193110,193316,193313,19334,1931

15.1929

do. — d oEnumclaw

Bank.National

National

do

Eutaw, AlaEverly, IowaExira, Iowa j doFairchance, Pa doFairchild, WisFairfax, OklaFairfax, S. DakFairfield, IdahoFairmont, W. Va...

First National Bankdodo

CommercialBank.

East Alabama NationalBank.

First National Bank.do-

Sept. 24,1932Jan. 4,1933Feb. 11,1930Feb. 26,1934Dec. 12,1932

Dec. 2,1932Oct. 19,1931June 21,1932Oct. 27,1931

July 1,1929

Fairview, MoFairview, W. Va..Farmer, S. Dak...Farmer City, 111

Farnhamville, Iowa.Faulkton, S. Dak. . .Fayetteville, N. C._

Federalsburg, Md.. .Finleyville, Pa . . . . .Flandreau, S. Dak.Fleetwood, Pa

Fleming, Ky_.Flint, Mich...

..do..

..do..Farmers National Bank.Security National Bank.National Bank of Fair-

mont.First National Bank

.do.

.do

Aug.Aug.Nov.Feb.Aug.Apr.Aug.Mar.Nov.

23,19333,19333,193226,193118.193112.193226.193119.193213.1933

John Weedman Nation-al Bank.

First National Bank.do-

Cumberland NationalBank.

First National Bank.do....do-

First National Bank &Trust Co.

First National BankFirst National Bank &

Trust Co. at.

Sept. 17,1930Oct. 13,1931Jan. 11,1932Feb. 19,1932

July 28,1933Dec. 8,1932Feb. 1,1932

July 9,1931Jan. 4,1934Nov. 3,1932Feb. 27,1934

Sept. 15,1933Feb. 27,1934

$763,188.00

74,350.3328, 766. 52

127,626.83114,003.29

» 195,370.00

446,330. 901 568,823. 002 226,304. 97

128,103. 981 181,684.001 634, 082.00

5,993. 3755,903.79

»72.59

38,495. 34892.04

7,440. 2664, 700. 6045.472.13

51,842. 899 160. 07

58,315. 28113,176. 4123,846. 7862, 750. 92

862, 356. 7931,333.85

180, 620.454,187. 23

70.88i 275,702.00

1, 275.00

11,995. 77<> 1.62

48,474.9121,889.08

244.60

64,137.83110,605.7042,165.1531,142. 956, 232.32

62, 097. 7212,831. 3721.850.14

1 1,629,034.00

e 32. 0814,423. 67

72.8463,854. 76

52,674.47• 340.14

142,477.45

14,606.491 378,526.00

35,867.461 277,027.00

28

2520886235

451502 65

75140175

517

2514.525

45

1016. 6666282016. 66665

155

1505

15

1520

245660105

251043

125

5

~20~'

50

"25"

17515

150

57,417.06 35'3,299,095.00 150

I

65

2520886235

455065

754075246441

757

2543.525

45563516.6666282046.6666

305

73.33335091

273615

20

2456605531551090

125

4080.83331085

5012.643

81.7117540

150

72.5160

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

Page 470: Annual Report of the Comptroller of the Currency 1934

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

Trustno. Location Title

Date receiverappointed

Dividends paid duringthe year

Amount Percent

Totalpercentof divi-dends

paid tocreditors

2731132518881631

2657

198425462283

2667

22011732133124582622159222222810

2797231321401873

181227502433261522712756138212552304219024342431

26342312207227742004

19311963

174118761618221721871918

26422345213420121935183424092206

13952208

239525311481

19732170

Flora, IndFlorala, AlaFlorence, S. CFloydada, Tex

Fond du Lac, Wis. __

Foosland, 111Fort Bragg, Calif....Fort Collins, Colo...Fort Fairfield,

Maine.Fort Gaines, GaFort Stockton, Tex.Fort Worth, TexFosston, MinnFostoria, Ohio _Fowler, IndFowler, KansFrackville, Pa

Franklin, IndFranklin, N. YFrazee, MinnFrederickstown,

Ohio.Frederic, WisFreeland, PaFreeport, 111Freeport, PaFremont, NebrFremont, OhioFresno, CalifFrisco, Tex.Frostburg, MdGadsden, AlaGalena, 111

do

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-

boro.Wayne National Bank..Farmers National Bank.

Feb.Jan.Jan.July

13,193413.193011,193217.1931

Jan. 2,1934

Feb.Nov.Feb.

19.19327,1933

23.1933

Jan. 8,1934

Dec.Oct.Feb.Oct.Dec.JuneJan.Apr.

Apr.JulySept.Dec.

19.193213.19314.1930

16.193315,19332.1931

10.193323.1934

10,193420,193326.193230,1931

Nov. 17,1931Feb. 28,1934Oct. 9,1933Dec. 13,1933Feb. 13,1933Mar. 5,1934July 7,1930Dec. 31,1928June 8,1933Dec. 1,1932Oct. 9,1933

do

Dec. 19,1933July 21,1933June 28,1932Mar. 20,1934Mar. 25,1932

Jan. 27,1932Feb. 10,1932

Oct. 15,1931Dec. 30,1931July 2,1931Jan. 4,1933Nov. 21,1932Jan. 22,1932

Dec.Aug.Sept.Apr.Jan.Dec.Sept.Dec.

21,193318,193322.193215,193228,19327,193129.193327,1932

Aug. 22,1930Dec. 29,1932

Sept. 21,1933Nov. 3,1933Dec. 30,1930

Feb. 17,1932Nov. 4,1932

i $227,867.009 10. 01

118,199. 0620,068.81

i 982,190. 00

17, 735. 30i 405,844.00

57, 055. 62

i 410,601.00

8, 260. 72246. 26

1,100.08164,125.1055, 338.1015, 074. 305, 255. 43

i 812,469. 00

1 193, 705. 00154, 301. 5854,003. 4311,067. 79

10.56i 1,143, 560. 001 1, 588,854. 00i 387,040.00246,410. 45

1 630, 298. 004 167. 565,409. 70

3 431, 640.0070,846. 20

i 1, 463, 662. 00i 255, 563. 00

96,019. 6283, 559.1713,161. 74

i 157, 638. 0029, 277.00

167,934. 0658, 369. 41

49,957. 92234. 47

21,487. 7281,105. 0711, 231. 6371, 616. 87

30, 470.1820,082.1338,161. 5562, 557. 941,432. 98

31, 201. 41e 85, 673. 7859, 622. 37

8,887.1894, 281.05

227, 280. 3696,932. 05

132.14

180, 316. 8356, 814. 01

25

7

i 35

16165

55

140

10401455

165

1455022

i 60165i 6565

125

9.753 4011

165i 65

502510

i 6012.5

10

10

13.1581525

50355

22

106105. 2520

525

37.550

1818

555916

135

8116575

140

20104240145015

165

145504450

7.516065

16565

1254 88.333364.75

3402365

165

5025

22.5

41.546. 6666

555088.174.66663538

503516643534

6105. 2520

4637.5

37.55032.5

5838

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

Page 471: Annual Report of the Comptroller of the Currency 1934

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

Trustno. Location Title Date receiver

appointed

Dividends paid duringthe year

Amount Percent

Totalpercentof divi-dendspaid tocreditors

2448144321532822177324952570

2397

246618992183

19851589

230222232742

215427121634

14771923

1828170119941896

2682229226492475169119152382240220321521199719392474

264517281599

2445235823572530260718982789

1484

273023192044

1433

2261

22602210

1765

Goodhue, MinnGoreville, 111Gormania, W. Va...Goshen, IndGraceville, FlaGreattinger, Iowa...Grand Forks, N.

Dak.Grand Rapids,

Mich.Grantsville, MdGranville, N. Y ——_do

Great Bend, Kans_.Green Bay, Wis

Greeneville, Tenn__.Greenfield, 111Greensburg, Ind

Greensburg, Kans-..Greenup, KyGreenville, Mich

Greenwood, Miss...Griggsville, 111

First National Bank..—do.__.doCity National BankFirst National Bank. — .do

do

Gulfport, MissHagerstown, MdHamilton, 111Hammond, Ind

Hampshire, 111Hampstead, MdHancock, MdHankins, N. YHankinson, N. Dak.Harlem, MontHart, MichHartford, MichHartington, Nebr__.Hartselle, AlaHartwell, GaHarvey, 111Harveysburg, Ohio_.

Hastings, MichHastings, NebrHattiesburg, Miss...

Havensville, Kans..Haverhill, Mass

do-

Grand Rapids NationalBank.

First National BankFarmers National Bank.Granville National

Bank.Citizens National Bank.McCartney National

Bank.Citizens National Bank.First National BankCitizens Third National

Bank & Trust Co.First National Bank in..First National Bank.—Greenville National

Bank.First National BankGriggsville National

Bank.First National Bank in..First National Bank....

do.Hammond National

Bank & Trust Co.First National Bank

do

Oct. 13,1933Dec. 5,1930Oct. 11,1932May 8,1934Oct. 27,1931Oct. 30,1933Nov. 15,1933

Sept. 25,1933

Oct. 25,1933Jan. 18,1932Nov. 21,1932

Feb. 20,1932May 29,1931

June 3,1933Jan. 10,1933Feb. 26,1934

Oct. 12,1932Feb. 1,1934July 21,1931

Dec. 27,1930Jan. 26,1932

Dec. 3,1931Oct. 5,1931Mar. 4,1932Jan. 18,1933

_do._do__do__do._do.

Olney National Bank.First National Bank..

dodo

Hawkeye, IowaHayti, S. DakHazard, KyHeadland, Ala

Helena, Ark

.doHarveysburg National

Bank.Hastings National Bank.First National BankCommercial National

Bank.First National BankEssex National BankFirst National Bank

.do

Jan.Mar.Dec.Oct.Sept.Jan.Sept.Sept.JuneFeb.Mar.Feb.Oct.

12,193410,193328,193325,193328.193121.193214.193326,19331,1932

16,19318,19321,1932

25,1933

.do.

Hempstead, N. Y.-Henderson, Iowa...Henderson, Ky

Hendersonville, N.C.

Heppner, Oreg

doHermosa

Calif.Herrin, 111.

Beach,

First National Bank in..Farmers & Merchants

National Bank.Interstate National

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

Page 472: Annual Report of the Comptroller of the Currency 1934

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,

Mich.Ironwood, MichIrwin, PaIsanti, MinnIshpeming, Mich__Itasca, TexIthaca, MichIvanhoe, MinnJackson, Mich

Jackson, Minndo

Farmers National Bank.Public National Bank

& 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.__.

dododo

Dec. 31,1932Jan. 28,1932Sept. 13,1933Apr. 26,1932Feb. 10,1932

Apr. 3,1934Feb. 27,1934May 23,1931Oct. 18,1932

Mar. 26,1934Aug. 15,1933Feb. 15,1929Feb. 2,1932

Dec. 3,1931

Nov. 6,1931May 10,1932

Feb. 27,1932Dec. 9,1930Jan. 9,1934Dec. 13,1932

Nov. 30,1931Oct. 8,1930Oct. 30,1933Mar. 1,1934

Dec. 20,1933Oct. 24,1933July 13,1933

Feb.JuneMar.Nov.Apr.Dec.Aug.

9,193321,193214,19248,1933

19,193023,19311,1932

Mar. 14,1930

Sept. 12,1932M a y 2,1934Apr. 8,1933

Aug. 20,1932Sept. 23,1931Jan. 22,1932Dec. 27,1932May 24,1932

May 26,1931Feb. 10,1933

16,1931Oct.Jan.Jan.Dec.Apr.

17,19342,19327,1931i, 1931

Aug. 24,1933

Oct. 3,1932Jan. 16,1933

Feb. 16,1931Nov. 21,1932Feb. 5,1934May 13,1930June 8,1932Aug. 10,1933

$212,354. 6123,703.7872, 475.7511,026.10

359, 005.46

i 209, 665.006, 678. 62

17,760.7448, 274.12

i 189,735. 00240.294.92

14,704.1025, 651.08

247.13

84,461. 89368.496.93

296, 015. 62• 72.97

1 250,211.00106,785.47

9 828.853, 025. 32

53, 304.002 240,831. 92

51,926. 67i 381,442. 00

36, 589. 04

7,626. 9955,979. 54

449. 3524,030. 331,174. 88

24, 592.07142,420. 70

* 13, 994. 22

1,864. 981,806,089. 00

75, 214. 85

25, 594.8610,923. 6673, 717. 2348, 250.49

105, 730. 62

19, 268. 3030,805. 3418,173. 36

1,089, 708. 8319,943.0363, 248. 458,994. 43

2,809, 502. 00

27,838. 5036, 528. 43

111,517.81303, 752. 95

31, 572. 88111.86

14, 321. 6779, 584. 60

207.5

551510

115255

12.5

150503.98

25

30

20

1353.5

560

2 78

45i 50

10

1520

33.5

21.520

15065

105

101824

5.53010

1601012.56

135

3025

71018

4545556525

152532.527.5

1505076.4860

85

32.530

6080353.5

504060

:78

455010

30602133.5104450

76

12.55065

6062.5

49

7730606030604135

48.540

57101827

60

Footnotes at end of table.

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

Page 473: Annual Report of the Comptroller of the Currency 1934

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

Bank.First National BankThe National Bank of

Kinston.First National Bank of

Kitzmillerville.Knoxville-Citizens Na-

tional Bank. & TrustCo.

Holston-TJnion NationalBank.

Citizens National Bank_First National Bank

do

JulyOct.Dec.JulyJan.Oct.Dec.June

2.19326,19318.193327,193310,192930,193324,193123,1931

M a y 1,1931do

May 19,1933

Oct. 10,1933

Nov. 12,1930

.do-National Citizens Bank-First National Bank

do_do_

Larchmont, N. Y

Laredo, Tex.._Latrobe, PaLaurens, S. CLaurinburg, N. CLawrenceville, 111...Lebanon, IndLeechburg, PaLeeds, N. DakLehigh, IowaLeigh, NebrLeland, 111 . . . . . . . . . .Leominster, Mass...

Leroy, 111Le Sueur, MinnLewisville, IndLima, OhioLimon, ColoLincoln, 111Lincoln Park, Mich.

Lindsay, CalifLinton, IndLitchfield, Nebr.. . .Litchville, N. Dak.Little Kock, Iowa..

Baraga County NationalBank.

Larchmont NationalBank & Trust Co.

First National BankPeoples National Bank _Farmers National Bank-First National Bank

.do

Oct.Dec.Sept.JuneOct.Oct.MayJuneJune

23.193126.193030.193318.193428.193222.193115,192914,19292,1932

Aug. 5,1933

_do_Farmers National Bank.First National Bank. . . . .do..—do

doLeominster National

BankFirst National Bank

.do.

Nov.Aug.Dec.Dec.Aug.Aug.Oct.Dec.Aug.Feb.Aug.June

30,193124.193116,193023.193022.193229.193312.19311,1926

17.19312,19331,1932

11.1932

..do-Old National City Bank.Limon National Bank..Lincoln National Bank.Lincoln Park National

Bank.First National Bank

.do. .do... .do... .do..

Feb . 19,1932Feb. 15,1933Oct. 8,1932Apr. 29,1931Sept. 16,1931M a y 10,1934Feb. 2,1933

Nov . 2,1933Feb. 1,1934Dec. 29,1933June 30,1930Oct. 31,1933

$32,734. 97431.82

119, 342. 47

2,443, 366. 732 2,311, 256. 06

» 185.49

14,403.8362, 725.0617,301. 3838, 962. 7032,963.1722,412.90

106, 711.97

20, 205. 70»61.98

i 354, 556. 0062,312.9911,475.9247,611.73

5,141. 52247. 59

1, 587.89391.17

72,462. 95

i 309,818.00

«503, 724.86

359,186. 62751. 62

16,850. 93i 126, 279. 00

21,949. 0827,900. 91* 1, 985. 44

809. 6871,979. 31

195,969. 66

9,600.00462, Oil. 67

5,812.773,162.00

151, 522.40389,864.93

54,403. 533.391.26

9 39. 49104,384. 24

162.41»45.11

31,912.1640, 627.0026,848.7493,284.896.026.27

i 455,856. 0066,062. 57

25,057.323 505,383.00

69,175.227,084.12

49,239. 65

90

252 70

572.53512. 5101.9

15

17

1405020. 655548

37.5

140

40160

14

15

620

53.5

3085102.944

53.3333

203012.55

17.56135

33.3333

253 45

505

50

56. 66661090

252 70

15

9072.53543.580

1.9

25

5649

1405040. 655544810

910

37.5

140

<45

46. 66665

40160

1444

20

36. 6666

15

17602068.545855082.9445553.333321.2570653027.54277.56

13543.3333

25345

503750

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

Page 474: Annual Report of the Comptroller of the Currency 1934

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

Trustno. Location Title Date receiver

appointed

Dividends paid duringthe year

Amount

$79,646.0051, 505. 0440, 247.43

i 603,104.003 435,835. 00

5,113.05102,866. 86261,926.19

53, 667.14686, 868. 95

53, 415. 5016,007.84

3 298, 727.0018, 013. 09

9 21, 724. 00

234,944.10

i 290,440. 00

3, 681. 6672,047. 37

476.19

64,497. 6249,435. 8011,048.64

i 517, 369. 001, 719. 35

9 15. 95

5,177.1022,173. 5413, 849. 53

204. 57< 259, 671. 00

58, 231. 5623, 828. 76

9 172. 2240, 772. 6437,445. 03

234, 309. 8237,988. 6592,803. 34

24.2225,155. 9411,983.1899, 579.08

i 150,475.00

212,054.15i 917, 717.00

179, 591.321,118. 00

46,776. 01154,184. 43

i 559,309.00

274,107. 5087, 381. 5628, 227. 8182, 596. 39

i 306,813. 00131,925. 07

i 947, 559.0013, 768. 9918, 545. 08

1.701 123, 023. 00

17,969. 4216,317.84

Percent

3012.56

140

5.7815202310

5020

3 5015

5

135

520

254014.14

130

55

20

206.736

1125603520

405

20145

55145

12.51.28

4050

160

2712.57

15150

10160

203.604

1402512.5

Totalpercentof divi-dends

paid tocreditors

222818351552

2714180020091977190823611658

1882236018621424

1946

2762

148922681538

265324241689275818671590

1667138921771550124222411228

12632435225126092532207013042505180721272817

2233257714441061259724852835

220420651648223026781558230117448991291277821492340

Littleton, ColoLodi, OhioLogan, Ohio

Logan, W. VaLogansport, IndLonaconing, Md.._Long Beach, Calif-Long Branch, N. J.Lorimor, IowaLos Angeles, Calif—

First National Bank.__.Peoples National Bank..First-Rempel National

Bank.First National Bank....

.do...do..

Lost Nation, Iowa_.Louisa, VaLouisburg, N. CLouisville, Ky

Seaside National Bank..Citizens National Bank.First National BankUnited States National

Bank.Wilshire National Bank.First National Bank

.do...do-

Lowell, Mass

Ludington, Mich

Ludlow, MoLumberton, Miss__.Luverne, Minn

Lykens, PaLynch, KyLynchburg, Ohio..Lyndhurst, N. J__Lynn, MassLynwood, Calif

Lyons, GaMcLeansboro, 111..McLoud, OklaMacedon, N. YMacon, GaMadison, NebrMadison, S. Dak._

Manchester, Iowa...Mancos, ColoManila, IowaManistee, MichMansfield, ArkMaquoketa, Iowa__.Magnon, 111Marathon, IowaMarceline, MoMarengo, 111Marianna, Ark

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

Bank.First National Bank

.do..do.._do_...do..

..do..

._do-

..do-

..do-Lee County National

Bank.Liberty National Bank..First National Bank

.do...do....do..-do-

American NationalBank.

First National Bankdo -

.....do

..do-

..do..

..do-_do....do-..do-..do..

Jan. 12,1933Dec. 8,1931Apr. 16,1931

Feb. 1,1934Nov. 11,1931Apr. 11,1932Feb. 17,1932Jan. 20,1932Sept. 5,1933Aug. 18,1931

Jan. 22,1934Jan. 11,1932Aug. 30,1933Dec. 22,1931Nov. 17,1930

Feb. 3,1932

Mar. 8,1934

Jan. 9,1931Feb. 9,1933Mar. 23,1931

Dec. 29,1933Oct. 3,1933Sept. 28,1931Mar. 5,1934Dec. 23,1931M a y 29,1931

Sept. 3,1931Aug. 4,1930Nov. 15,1932Apr. 10,1931Nov. 26,1928Jan. 20,1933Aug. 29,1928

Feb.Oct.Jan.Dec.Nov.JuneAug.Oct.Nov.Aug.May

13,19299,193330,193312,19333.193328.193214,192931.193313.193129.19321.1934

Jan. 17,1933Dec. 5,1933Dec. 5,1930Nov. 30,1926Dec. 8,1933

27,1933Oct.May 23,1934

Dec.JuneAug.Jan.Jan.Apr.MayOct.Mar.JuneMar.Oct.Aug.

22,193227.193210,193113,193312,193418,193123.193315,19313,192525,192923.19348,193216,1933

6077.550

1403 6027.78;7.5&2370

50403 50853 67

42.5

35

87.52022254064.14305025

25254765

4 842076. 736

751170603536. 66669540275045

5514534.511.28405060

2735673515020605588. 60475405312.5

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

Page 475: Annual Report of the Comptroller of the Currency 1934

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,

Calif.Monte Vista, Colo.Monticello, KyMonticello, 111Montour, IowaMontpelier, IndMontpelier, Ohio__

Moorhead, Minn

Mora, MinnMorgantown,W.Va.Morris, MinnMorrison, 111Morrison ville, 111Morristown, Tenn__Motley, MinnMott, N. DakMound City, 111Mountain Lake,

Minn.Mount Ephraim,

N. J.Mount Holly, N. J._

Mount Olive, Ill___.Mount Vernon, I1L.Mulberry, IndMullins, S. CMurfreesboro, Tenn.Murray, KyMuskogee, Okla

Millbury National BankMillers ville National

Bank.Millington National

Bank.Mechanics National

Bank & Trust Co.The National Bank of

Milton.First National BankMobile National Bank_.Security National Bank.National Mohawk Val-

ley Bank.First National BankFirst National Bank &

Trust Co.Peoples National Bank .Monroe National Bank..First National Bank

dodo

.do-Citizens National Bank.First National Bank. — .do

do.Montpelier National

Bank.First & Moorhead Na-

tional Bank.First National Bank.._.Second National Bank..Morris National Bank..First National Bank

.do.-do....do.._do_..do...do..

Mount Ephraim Na-tional Bank.

Mount Holly NationalBank.

First National Bank in..Third National Bank..Citizens National Bank.First National Bank

.do..do..

July 9,1931

Aug. 10,1931

Nov. 29,1930Feb. 12,1932

doSept. 23,1926

Sept. 18,1931June 27,1932Dec. 23,1930Dec. 30,1931Dec. 14,1928Sept. 28,1931Sept. 15,1933

do.Nov. 15,1926Mar. 4,1930Dec. 13,1933Aug. 15,1933

Oct. 25,1933

Oct. 13,1933

June 25,1932

Oct. 27,1933Mar. 8,1934Sept. 11,1931Oct. 12,1931

Dec. 17,1931Nov. 6,1931

Oct. 26,1933July 28,1932Nov. 8,1933Jan. 5,1933Feb. 9,1932

Feb. 8,1932Aug. 23,1933Jan. 12,1934Nov. 16,1933Oct. 3,1933Jan. 12,1934

Dec. 24,1928

Sept.Nov.Jan.Dec.JuneJan.Dec.Apr.Dec.June

14,193111,19312,19347,1933

29.193125.193316.193223.193419,193112,1931

Oct. 13,1933

Aug. 4,1933

Muskogee-Security Na-tional Bank.

Jan.Jan.Aug.Dec.Feb.Nov.Nov.

20.19323,1933

15.193314,19311,1932

23,19337,1925

$108,787.35

259,158. 26

9 102. 679 49. 249 93. 31

46.55

9, 263. 2793,162. 3477, 726. 62

43.5915,488.164, 847.80

176,853. 02118, 742. 71

13, 546. 2026, 230.15

39, 586. 82

18, 515. 94

138, 461. 65

8, 268. 89

6, 657. 0073, 466. 9411, 499. 3569, 315.17

77, 748. 69725. 53

192,164. 9680, 283. 69

115, 293. 4144, 435. 8923, 763. 20

13, 212. 9198, 609. 51

i 277, 491. 0369,587. 6076, 893. 72

i 229,837. 00

* 15. 74

90.66320, 070.16

24, 615. 99118, 386.1426,820. 97

389, 303. 297, 524. 39

i 351, 975. 0014, 720. 2917, 505. 54

67,154. 50

65,137. 06

6, 770. 43743, 619. 40106,123.15

15,861. 44138,979. 95463, 444. 4746,127. 28

540

3.55

65545.588.013

7 5512.5

25

20

12.5

1015108.5

17

5021

408

870

1504844

150

2525651243. 666610

17512.518

45

25

651015653.345

67

606562.549

557532.55456. 8335

655460.5883.013

75512.5

25

20

101522.5

5020

507166. 66666538

70504844

'50

58

60552565384& 666620

»7562.583

45

25

30.5506553.333341. 66666591. 345

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

Page 476: Annual Report of the Comptroller of the Currency 1934

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

do..—do

Apr. 27,1934Sept. 26,1933July 1,1933

Oct. 26,1933Feb. 21,1934Mar. 23,1934

doJune 11,1932

Oct. 23,1931Oct. 1,1931Nov. 3,1933July 1,1929

Feb. 16,1933

Oct. 30,1931Dec. 8,1933

Dec. 19,1933

July 14,1931

Oct. 30,1933

July 20,1931Oct. 2,1933

Sept. 26,1933

Feb. 17,1932

Oct. 27,1932

Oct. 10,1933

Feb. 1,1934

Dec. 19,1933

Oct. 19,1931

July 21,1933

Feb. 21,1934

Oct. 16,1933Aug. 26,1931

Sept. 19,1931

June 10,1932

Oct. 26,1933Sept. 18,1933

Nov. 14,1931Dec. 11,1931Feb. 9,1933Dec. 2,1931Feb. 9,1933Sept. 16,1932Oct. 29,1931Aug. 8,1932Mar. 31,1931

Oct. 25,1933May 8,1933Dec. 5,1933Sept. 18,1933Aug. 18,1933Apr. 1,1931

i $131,334. 0060, 780. 71

423,192. 53

3 150,193. 0049,431. 79

1 257, 370. 00

i 733,478. 001, 371,126. 63

92, 632. 85244. 48

115, 786. 9235.25

111,471.37

12, 795. 61i 378, 634. 00

20,000.0067, 218. 84

30, 982.18

39, 502. 4099, 559. 91

229, 992. 75

35, 320. 57

20, 076. 6785, 949. 70

i 2,097, 344. 00

i 418, 952. 00

78, 529. 0772,133.15

i 287,729. 69

5 8, 637, 548. 36

1, 246. 60

83, 481.12

13,128. 62

420,949. 611 756,127. 00

14, 639. 3534, 003. 6725, 772. 6387,411.5294, 485. 3212, 982. 7638, 666. 4937, 356. 24

70.01

3 328,903. 0013, 269,063. 002 680, 452.90

71,888. 0716, 549. 33

193.96

13533.333330

3 6535

135

150

5

~60~'

5135

2011

35

105075

27

572

130

150

17.543.5

150

5 50

25

40155

1010121075101020

3 451 702 85

8520

13533. 3333

3 6535

135

15075

32.5135

20

76

35

72.55075

7172

30

150

87.543.5

50

5 50

72

75

75

40155

3437127075104035

32.5

3 451 702 85852040

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

Page 477: Annual Report of the Comptroller of the Currency 1934

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

Trustno. Location Title Date receiver

appointed

Dividends paid duringthe year

Amount Percent

Totalpercentof divi-dends

paid tocreditors

23531927

227816401584240627052383

1950205226282703247610792209225513601907

1711

24402748846177517872158135915181528254921301647228926461472

2469192823142717

14112795267923662571

25351580

2601

17831724

2692

2612

1954

1384

1936136419891990227519742175

Oberlin, LaOcean Grove, N. J__

Oceanside, CalifOconto, WisOdessa, TexOdin, 111Olive, CalifOliver Springs, Tenn.

Olympia, WashOneida, 111Orange, N. JOrange burg, S. C___Oregon, WisOrtonville, Minn

.do.

First National BankOcean Grove National

Bank.First National BankOconto National Bank..Citizens National Bank-First National Bank

.do.

Oshkosh, WisOskaloosa, Iowa...

do

Ottawa, 111

Oxford, AlaOxford, PaOzark, AlaPaducah, KyPaducah, TexPalestine, 111Pana, 111Panama City, Fla__.Paris, TexPark Rapids, Minn.Parma, IdahoParshall, N. Dak._.Pawhuska, OklaPaw Paw, MichPecan Gap, Tex

Peckville, PaPekin, 111Pelham, N. YPendleton, Oreg._

Perry, FlaPerry, OklaPeru, 111Peru, IndPetersburg, Va....

Philadelphia, Pa_.do

Tri-County NationalBank.

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

Bank.The National Bank of

Pico.Day & Night National

Bank.Pikesville National

Bank.National Bank of Ar-

kansas.Bell National BankFirst National Bank....

.do

Pitsburg, Ohio...Pittsburg, Kans..Pittsburgh, Pa._.

Peoples National Bank..First National Bank

doDuquesne National

Bank.

Aug. 23,1933Jan. 26,1932

Feb. 15,1933Aug. 3,1931May 19,1931Sept. 27,1933Jan. 26,1934Sept. 14,1933

Feb.JuneDec.Jan.Oct.Jan.Dec.Jan.Apr.Jan.

3,193221.193219.193323.193425,19334,1927

29.193231.19339,1930

20,1932

Oct. 6,1931

Oct. 10,1933Feb. 27,1934Oct. 23,1924Oct. 28,1931Nov. 2,1931Oct. 20,1932Apr. 1,1930Feb. 12,1931Mar. 9,1931Nov. 8,1933Sept. 12,1932Aug. 8,1931Mar. 8,1933Dec. 28,1933Dec. 26,1930

Oct. 25,1933Jan. 26,1932July 21,1933Feb. 1,1934

Oct. 25,1930Apr. 9,1934Jan. 12,1934Sept. 6,1933Nov. 16,1933

Nov.M a y

3,193315,1931

Dec. 8,1933

Oct.Oct.

Jan.

Dec.

Feb.

July

Jan.MayMar.

do.

30,193112,1931

16,1934

12,1933

6,1932

21,1930

28,19321,19302,1932

Feb.Feb.Nov.

13,193317,193215,1932

$26,883.44178,622.89

61,364. 6457,694. 65

199. 5328, 697.0314,059.8043, 515.90

129, 292.1521, 379. 75

i 2,448,035. 001 574, 357. 00

96,101. 6513,018.1288,440. 95317,865. 453,000.0077,801. 58

124,100. 69

50,507.021 186, 253.00

6,863. 70475,162. 9736, 570. 36

41.0026,194. 7532,681.4047, 775. 55

2 219,994. 2411,462. 65

42.788,889. 37

183,276. 82165. 26

i 774,827. 00100, 511. 00113,472. 78

1 2,265, 652. 00

97.361 231,188. 00i 605,100.00190,888. 86

i 1,461,142.00

81,681. 28115, 705.90

63, 233. 22

90, 591. 44192,078. 21

8,113.31

55, 286. 45

80, 451.16

9 59. 54

42, 266. 35» 45.61

106, 399. 5398,041. 798,400.00

167,405. 031,021, 673. 87

2015

2010

25i 55125666.22012.536

15

55150

2.31010

2 5515

4050

i 6012.511

160

18515023

150

345

60

1515

17

50

10

10

15284016. (30

2041

2051. 666623.3333373587

2758. 333355256661.23582.56947. 6666

47

55507.33017204535402 553010 '405037.5

16075.16661116019855023150

3440

60

43

52

17

50

58

42

502550508561. 666650

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

Page 478: Annual Report of the Comptroller of the Currency 1934

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

doPuntaGorda, Fla__Rake, Iowa

Raleigh, N. C

Rails, TexRandolph, IowaRandolph, Nebr...Ransom, 111Raymond, Wash__.

Rector, ArkRed Bank, N. J____

Redmond, OregReed City, Mich.__Renovo, PaRensselaer, N. Y__.

Republic, PaRichland Center,

Wis.Richmond, KyRichmond Hill ,

N. Y.

Diamond National Bank.Exchange National B ank.Highland National Bank.Monongahela National

Bank.Bank of Pittsburgh Na-

tional Association.Third National Bank..Pittsfield National

Bank.First National BankPlainview National

Bank.Pleasant Unity National

Bank.Pleasantville National

Bank.First National Bank

.doFirst National Bank of

Marshall County.Peoples National Bank..Merchants National

Bank.Point Pleasant Beach

National Bank &Trust Co.

First National BankFarmers National BankFirst National Bank in._First National Bank at . .First National Bank

do..do.,.do..

Bozeman Waters FirstNational Bank.

Presque Isle NationalBank.

Peoples American Na-tional Bank.

Farmers-Merchants Na-tional Bank.

Prineville National Bank.The National Black

River Bank.Citizens National Bank.Peoples National Bank _Pulaski National Bank_.First National BankFarmers-First National

Bank.Commercial National

Bank.First National Bank

do.Security National Bank.First National BankFirst Wallapa Harbor

National Bank.First National BankBroad Street National

Bank.First National Bank

do._do_.

National Bank of Rens-selaer.

First National Bank_._.. . . . do

Citizens National Bank,Richmond N a t i o n a l

Bank of New York.

Nov. 14,1932Oct. 23,1931Sept. 28,1931Oct. 29,1931

Sept. 21,1931

Jan.Jan.

28,19323,1934

Aug. 22,1928Sept. 16,1931

Oct. 27,1933

Feb. 4,1933

Oct. 13,1933Nov. 21,1930Oct. 3,1933

Oct. 8,1931Apr. 22,1931

Feb. 3,1932

Aug.MayJan.Sept.Mar.Nov.Oct.Dec.Jan.

12,193119,193115,193413,193325.19316,193331,193319,193320.1932

Nov. 7,1933

Oct. 2,1933

Jan. 15,1934

Sept.Dec.

1,19315,1933

Oct. 22,1931Oct. 5,1931July 11,1932Feb. 18,1929Oct. 30,1933

Dec. 21,1931

Jan. 6,1931Sept. 8,1931Feb. 13,1934Nov. 1,1933Feb. 3,1932

Dec. 3,1930Apr. 15,1933

Feb. 12,1931Oct. 5,1931Feb. 26,1932Jan. 23,1932

Feb. 13,1931Nov. 26,1928

June 26,1933Nov. 14,1933

< $815, 312. 50174,914. 70309, 250.00* 678,180. 01

2,693,830.09

200,000.001 645, 287. 00

2,418. 29106, 527. 23

145, 256. 96

35, 470. 03

86, 767.194,466. 45

537,860.4473, 515. 011, 737. 54

86.59

40, 659.0214,048. 31

i 700, 644.001 2,036, 737. 00

383. 232 5,155,919. 75

67,304. 65i 1, 578,164.00

140,450.81

i 948,385.00

234,972. 67

1 207,136.00

15,318.292 183,430. 59

32,882.92» 66. 31

334,321.17324. 54

41,197.05

476,993. 63

15,358. 435, 288.25

71, 962. 9783, 733. 5880,962. 71

47.85563, 606. 54

9,231. 2088, 548.1185, 954. 5071,147. 51

58.7122.37

194,808. 61835, 270. 39

1051010

40135

1.086.5

65

10

355

74

262.058

1010

i 65140

2 8115

13535

140

35

170

352 80

20

24

35

57.51010

«507065.575

70

40135

41.0820

65

15

358574

5085.058

6555'65'4025'81153560

40

35

70

57

805561.564

45

73.570507456

35

2629.53290

37.525

4030

Footnotes at end of table.106093—35 31Digitized for FRASER

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

Page 479: Annual Report of the Comptroller of the Currency 1934

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

.do..

Nov. 6,1933Apr. 17,1931Oct. 10,1933Feb. 4,1933July 6,1932Dec. 12,1933Jan. 2,1934June 10,1932Apr. 19,1932

June 16,1931

June 18,1931Feb. 12,1932Aug. 18,1933Feb. 13,1931

Mar. 3,1933Oct. 20,1931

Dec. 28,1932Oct. 31,1933Mar. 30,1931Jan. 13,1931June 8,1932

Oct. 12,1933Feb. 1,1933Apr. 25,1934

Apr. 27,1932Oct. 3,1933Dec. 31,1931

Oct. 19,1931July 3,1931Feb. 11,1930

.. . .dododo

do.do

.do-

St. Marys, KansSt. Petersburg, Fla.

St. Thomas, N.Dak.

Smith National Bank...First National BankCitizens & Security Na-

tional Bank.Commercial National

Bank & Trust Co.American-Exchange Na-

tional Bank.Cherokee National Bank.Grand National Bank...South Side National

Bank.St. Louis National BankTwelfth Street National

Bank.Vandeventer National

Bank.First National BankCentral National Bank

& Trust Co.First National Bank

do - . . . -

Feb.Apr.Dec.Dec.Dec.Dec.Oct.JulyJune

JuneMar.Nov.Feb.

Sept.

Dec.

Apr.Mar.Aug.

Jan.Jan.

21,192725,193328,193330,193228.193218.193331,193325,192917,1931

24,19253,19333.1932

6.1933

28,1931

5,1933

22.193319.193419,193313,193319,1933

Jan. 11,1932

Jan.Apr.

JuneNov.

12,193321,1931

9.19306.1931

1 $446,467.0017,124.909, 232. 3814,124. 5027, 238. 70

i 349,840. 00i 900, 548.00

69, 220.46243, 724. 53

133, 793. 51

516. 79296,676. 79

2 3,109,283.909,105.41

81,766. 6798, 224. 76

15,940.0075, 357.089, 602.0825.437.4084, 214.44

163,989. 6498, 423. 35147, 318.12

1, 256. 7961,045.172,970. 00

842. 8129.18

5, 545.00

12,198. 47242,127. 54176,818. 5813, 562. 31

1 830,639.506 127,208.80

62,330.8011,704. 7651,625.16

55.372.4125,863. 6747,210.0668, 465. 30

192,023. 51

1 1,293,077.00

518,256. 36582,944. 30

* 4,341,339.84165,415.91413,085.83

81,185. 71

50, 292.814,263.48

9 164.4155,973.58

1605352020

12514522.515

735

47.510

30485515

324570

12503

3.5

3. 532604520

160M543.5

10

3152525

4537. 5

1555

33. 3333

36

6030.16663555451254537.580

51

42487358

47.561

3048484815

327070

6650

7.52063.5

456060

6 4543.52335

29156035

180

4537.5

76

5037.5

Footnotes at end of table.

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

Page 480: Annual Report of the Comptroller of the Currency 1934

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

do._do_.

Shmnston,W.Va...Shullsburg, WisSidell, 111Sidney, Iowa

Farmers & MerchantsNational Bank.

First National Bankdo.

.do..

Siloam Springs, Ark_

Silverton, OregSilverton, TexSioux Falls, S. Dak..

Sioux City, IowaSioux Rapids, Iowa -Sisseton, S. Dak

Smithfleld, Ohio.. . .Smithfield, PaSmith ville, TexSnow Hill, N.C

Sodus, N . Y . . . : . _ . .Somerfield, PaSomers Point, N. J_.South Bend, Ind_...South Boston, Va_..

do

The National Bank ofSidney.

Hutchings First Na-tional Bank.

First National Bankdo.

Sioux Falls NationalBank.

Sioux National Bank in..First National BankCitizens Security Na-

tional Bank.First National Bank at..First National Bank

do.The National Bank of

Snow Hill.First National Bank

do.-do..

South Gate, Calif _ _.

South Glens Falls,N .Y.

South P a s a d e n a ,Calif.

Sparta, Ga

Citizens National Bank.Boston National Bank..Planters & Merchants

First National Bank.South Gate National

Bank.First National Bank

South Pasadena Nation-al Bank.

Hancock National Bank

Jan. 18,1932

Jan. 21,1933

Sept. 23,1931Oct. 24,1933May 25,1932June 22,1931Jan. 8,1930June 21,1932

Mar.Mar.Jan.MayOct.Feb.Nov.MayFeb.Nov.Feb.Feb.

14,192927,193412,19346,193118,193221,193411.19314,19296,19336,193115.193223,1932

Dec. 26,1930Jan. 23,1934

Aug. 13,1932Nov. 2,1931Dec. 30,1931

Aug.MayOct.Nov.JuneFeb.Nov.Feb.

23,193313.193126,193315.193211,193210,19321,19339,1931

May 22,1929Oct. 27,1933Sept. 27,1933Oct. 15,1931

Nov. 2,1931

Aug. 15,1932June 5,1933Jan. 24,1924

Dec. 8,1930Feb. 13,1933Jan. 5,1933

Sept. 10,1931M a y 27,1931Oct. 7,1931Jan. 11,1932

Jan. 12,1933Nov. 5,1931Oct. 13,1933Mar. 23,1934July 10,1931

Oct. 10,1931

Feb. 6,1932

M a y 24,1932

July 2,1929

M a y 24,1932

$35,900.63

2,238,468.97

44,924.921 893,652.0065,767. 2531,269.82

95.05314,769.48

141.7854,595. 52

i 469,634.005,246.052,849. 58

1, 625,811.0012,895. 22

349.1013, 570.3819,635. 8123,834.6050, 219. 41

22, 283. 90105,161.88

50,681.089,426. 0611,880. 27

11,879. 936,171.67

« 23,479.00291,934.3034,654.16

352. 2975, 616.96

»19.90

46,396.99172,812. 8352,978.8833,376.21

972.06

31,028.5944, 514.983,431.83

1,415.859,212.48

23, 684.04

9 7.9131,602. 52

24.40» 63. 60

76,848. 3427,934.4971,059.61

1,395, 784. 0055,949. 50197,146.39

41,302.98

36,854. 55

37,868. 53

15,988. 50

8. 3333

30

1702510

32.5

40180

1505

820

1052

201510

105

5316.666615

52

5506519

1826.18

18.2410

121450

1605.516

15

10

10

45.3333

50

7917037302057.5

1540

18063.087.5

i 5027.5251537.55853.3333

3552

406050

1060

5 331. 666670455234

75506554

332650.18

3718.2421

43.5455512.5

127250

1601840

60

65

10

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

Page 481: Annual Report of the Comptroller of the Currency 1934

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

Labor National Bank ofMontana at ThreeForks.

First National BankdoThe National Bank of

Thurmond.The National Bank of

Tifton.First National Bank. . . .

Dec. 30,1929Aug. 8,1933June 30,1932Nov. 20,1930Jan. 18,1929

Feb. 17,1933

Oct. 22,1932Sept. 22,1932

Nov. 6,1933

Dec. 2,1931Oct. 30,1933Dec. 17,1931

Jan. 27,1933Nov. 17,1931

Jan. 30,1933Mar. 29,1934

Nov.Oct.Mar.Dec.Oct.Jan.JuneMar.July

Nov.Dec.JulyJuneDec.Dec.Dec.Dec.Oct.JulyJan.

1,193315,193117.193112.193310.193210.193411,193010,193017,1932

14.193221.193321,193210.19327,193326.193317.193014.193131.193127.193222.1934

The National Bank ofToronto.

Feb. 2,1932

Oct. 4,1933Dec. 9,1933May 20,1932Oct. 26,1933

Oct. 18,1929Jan. 19,1933Nov. 18,1932

May 5,1931July 6,1932Sept. 12,1933

Sept. 19,1931

July 27,1932June 28,1932Feb. 18,1931

Apr. 12,1930

Nov. 17,1931Dec. 30,1930Feb. 26,1931

$80. 54471, 890. 26424, 600. 09

5,010. 72< 142.18

49, 200.00

20, 509. 0456.37

1,198,700.00

13,280. 39169,966.72

6, 739.46

43,499. 3025,457. 62

41,351.97i 509, 693.00

29, 855.839 2,463. 00

8,202.439,130. 78

93, 673.36114,026.29

6, 781. 7126.93

170,816. 28

30,802.85i 50, 881. 00

2,915. 7254, 007.01

9, 276.41i 181, 339. 00

10, 618. 2855,162.1489, 292. 6536, 254. 83

1, 312, 712. 58

53, 396. 91

12,186. 74122, 726. 7037, 725. 8019, 575. 64

9 459. 98253, 378. 7155,847. 78

6,882. 5052, 543. 6794,084. 30

29, 650. 60

19, 234. 5517, 902. 0019, 005. 54

36,074. 76

18, 705.199,964. 34

39, 336. 38

25

160

255010

18150

40

252535

6.38

16. 6666

35401.5

159

708.41

12.57.5

12.537

7.530

725

33. 333319

1043.585

32.5

8. 3333107.5

9.5

215

45303057. 26873

10

7012.5

60

56.66665025

1167

50

40706525463586.38

536. 6666

4046.545

97090. 4147.564.519.537

66.33

7.5304225

33. 333343

605685

36. 66662530

54.5

664050

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

Page 482: Annual Report of the Comptroller of the Currency 1934

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

Vanderbilt, PaVandergrift, Pa_._Veedersburg, Ind_.Venice, CalifVersailles, MoViborg, S. Dak. . . .Victoria, VaVictorville, Calif. _Vidalia, GaVincennes, IndVinton, Iowa

Viola, 111Wabash, Ind..Waco, Tex

Farmers & MerchantsNational Bank.

First National BankThe National Bank of

North Hudson at Un-ion City.

Union City NationalBank.

The National Bank ofFayette County.

The National Bank ofUnionville.

First National Bank.do -

Valparaiso N a t i o n a lBank.

First National BankUnited States National

Bank.First National BankCitizens National Bank.First National Bank

do.First National Bank in..First National Bank

.do.-do_._do_._do..

Apr. 3,1928Apr. 20,1934

Jan. 8,1925Apr. 29,1931Sept. 23,1931Mar. 2,1932Feb. 27,1930Sept. 20,1933Jan. 15,1934

June 18,1934Dec. 12,1931Dec. 2,1931

Dec. 23,1930July 2,1932Dec. 12,1930

doAug. 6,1931

do

Oct. 12,1931

Aug. 13,1932

Oct. 5,1931Mar. 13,1934Jan. 20,1932

Jan. 31,1934Feb. 5,1934

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

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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

Nov. 6,1933Oct. 31,1933

July 14,1932

doNov. 15,1933Jan. 18,1934

Dec. 21,1933

Feb. 10,1934

Dec. 7,1933

Apr. 9,1934

Jan. 12,1931

Nov. 18,1932July 18,1932

Feb. 18,1932Mar. 26,1934

Nov. 6,1933

Aug. 20,1926Feb. 21,1929June 22,1931

Jan. 27,1933

Jan. 18,1926July 19,1927Mar. 26,1934Aug. 22,1931Feb. 7,1931Oct. 24,1933Oct. 12,1931

July 6,1932Aug. 17,1927Sept. 12,1933Nov. 3,1933Nov. 15,1933Oct. 15,1931

Jan. 2,1924Nov. 30,1932Mar. 1,1934Apr. 9,1934

Jan. 24,1933Feb. 6,1932Feb. 9,1934Sept. 4,1931Dec. 7,1931June 28,1932

Oct. 19,1931

Sept. 22,1933Dec. 14,1931

Nov. 18,1930Feb. 7,1934July 22,1932Jan. 19,1933

$2,344,295.00i 4,152,045. 00

72, 796. 73

117,458. 41

2 264, 990. 421 1, 766. 88

2 315, 379.07

982, 542. 53

69,904.22

1, 975.09

16.81

96,953. 23280,007. 95

370,156.81i 474,986. 00

i 2, 423, 235. 00

18.2917, 770. 94

201.98

42, 736. 76

27, 270. 3711, 712.17

i 250,566.0072,880.2819, 576. 71

i 537,002.002,126. 27

100, 224.093 1,110.00

8,020. 54i 51, 979. 91292, 292. 79

31, 711.46

15,817. 4266, 701.83

107,839. 79U78,762.00

10,256. 6952,070.83

599, 325. 4351,138. 7927, 913. 2030,699. 88

18,826. 89

20, 747. 4963, 453. 28

9, 911. 76

150150

15

12.5

25

30

65

20

158

20160

145

.......

21

2.39i 50

15.57.67

160

25

79,844. 911, 724. 44

25150

857

7.11873

150

211050185

25

1511

56020

150150

31. 6666

25

2 75150

65

3 70

150

27.5

20160

145

174540

53.80964.39

1505485.67

16016.6666

253 100

25150

8535

42.09492873

150

452350685065

47.6666

1526

456042.515

Footnotes at end of table.

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Page 484: Annual Report of the Comptroller of the Currency 1934

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.

Dak.Wilmette, 111Wilmington, 111

Wilmington, Ohio..Wilsonville, 111Winder, GaWindsor, MoWindsor, VtWinnemucca, Nev._Winston-Salem,

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

Yorba Linda, Calif..Youngsville, PaYukon, Pa.. _.Yuma, Colo

Peoples First NationalBank.

First National Bank

.do,.Whiteland National

Bank.First National Bank

.do.Security National Bank.Wilcox National Bank..First National Bank

.do.Merchants National

Bank.First National BankCommercial National

Bank.Citizens National Bank.First National BankWinder National Bank.First National BankState National Bank....First National BankPeoples National Bank

of Winston.Snell National BankCitizens National Bank.First National Bank &

Trust Co.First National BankWoodlynne National

Bank.First National Bank

.do..do..

—.do.do..do...do-.do..

Yardley National Bank.First National Bank &

Trust Co.First National Bank

dododo

Mar. 20,1930

Dec. 30,1931

Dec. 11,1933Oct. 3,1933June 17,1932Oct. 31,1933Nov. 14,1933Oct. 27,1931Dec. 5,1933July 1,1930June 27,1931

June 25,1932Nov. 1,1933

Mar.Nov.Dec.Mar.Dec.Dec.June

9,193115,193330,193228,193411,193310,193229,1931

Jan. 19,1933June 4,1934Dec. 2,1931

Dec. 2,1932Apr. 11,1931

Nov.Jan.Jan.JulyMar.Dec.Oct.Jan.Mar.Jan.

10,19332,1934

21.193223,192631.193128.193311.193212.19337,1934

23.1934

Jan. 12,1933Feb. 1,1934Sept. 20,1932Oct. 16,1931

Total.

$27,134.22

2,779.98

27,156.373 51,900.00

137, 293.6969,329. 47

1,644.47393. 42

12,085,153.936, 764. 59

33.55

119,898.90115,157. 77

3,496.8317,999. 2732,682. 2772, 727.87

2 731, 500.66491,136. 76

» 247.52

13,644.51216,906.00118,543.31

29.437.579.10

38,307. 56i 370,471.00

8,822.809, 425.44

19, 265. 45287, 582.00

3,295.8738, 463. 56

i 331,494.00i 6,442,809.00

10,475.2826, 591.6711.927.589,392.01

16.66663 65

3345

100

1504.55

2065

1358.3333

35

10150

8.5

35.95608

55155

5.58812.5

1306.472

13160140

10502510

67

79.1666

3 65

4510083

15029.5516

3565

62.5303858. 3333

a 783510

60150

53.8

97.95608

55155

655. 58855.5

1 3026. 47238

160140

52502555

319,216, 502. 08

• 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.

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*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

Year ended Oct.31—

1865186618671868186918701871187218731874187518761877187818791880188118821883 . .18841885 . . _.18861887188818891890 . -18911892189318944895

All receivershipsclosed

Num-ber

12732

611359

101483

32

11488829

2517652136

Capital stockat date of

failure

$50,000500,000

1,370,000210, 000300,000

1, 806,1003, 825, 000

250,0001, 000, 000

965,0003, 344,0002,612, 5001, 230, 000

700,000

1,561,300250,000

1, 285,000600,000650,000

1, 550,0001,900,000

250,000750,000

3,622,0002,450,000

10,910,0002,770,0005, 235,020

Receiverships re-stored to sol-vency and eithersold or reopened

Num-ber

1

1

11

1

Capitalstock atdate offailure

$150,000

100,000

1, 725,000

300,000

Receiverships closed through liquidation

Num-ber

\732

611359

101483

32

11478829

2417542135

Capital stockat date of

failure

$50,000500,000

1,370,000210,000300,000

1,806,1003, 825,000

250,0001,000,000

965,0003, 344,0002, 612, 5001, 230,000

700,000

1, 561,300250, 000

1, 285,000600,000500,000

1, 550,0001,900,000

250, 000750,000

3,522,0002,450,0009,185,0002,770,0004,935,020

Total assets,to Oct. 31,

1934

$208,1061,847, 5665, 326,831

550, 824798,843

5, 498,59310,631,368

756,4433,959,5602,425, 6808,002,6188,151,3562,865,0231,147,801

6,810,4201,032, 7439,382,9945,140, 5581,578, 9988,906,3407, 584,951

943, 2312,155, 586

10, 602,18716, 257,48331,135,1738,366,407

14,959,604

Total as-sessments

upon share-holders

$50,000500,000796,000139,300

536,1722, 277,500

195,000700,000669,000

1,169,000744,500521, 750375,000

1, 561,300250,000

1,142, 500600,000170,000

1,179,500700, 000125,000401, 500

2, 562,1501,750,0005, 389,5002,082,2003,147,520

Cash collec-tions from

assets

$75, 209295,259

2,870, 659259,723261,077

2,935, 2965,948,359

239,929781,478

1,023,8094,163,0163,495,0001, 047, 049

541, 719

3, 077,411431, 280

5, 379,9773,064,921

933,0713, 588,2073, 685, 458

606,484926,811

3,147, 2029, 207, 622

12,920,4292,754,7926,050,197

Cash col-lections

from stockassess-ments

$1,16417, 73351,84937, 871

485,133731, 24939,847

160,154239,920570, 594320, 812251, 738331,966

1, 247,651132, 240620, 637379, 007110, 734407,143397,34592,145

166, 676941,996741, 488

2,594, 237765,675

1, 277,956

Receivershipearnings, cash

collectionsfrom interest,premiums,rent, etc.2

Offsets al-lowed and

settled

$18,66169,445

151,47339,632

318,016

745,650922,77939,552

544,74691, 790

417,5521, 890, 342

305,167163,192

452, 25623, 547

1,020, 067223,37085, 784

885,057391, 278

23, 21590, 615

490, 8471, 395,8621,983,162

454,3601, 217,294

Total col-'lectionsfrom allsources,

includingoffsets

allowed 3

$95,034382,437

3,073,981337, 226579,093

4,166,0797,602,387

319,3281,486,3781,355,5195,151,1625,706,1541, 603,9541,036,877

4,777, 318587,067

7,020,6813,667,2981,129,5894,880,4074,474,081

721,8441,184,1024, 580,045

11,344,97217,497,8283,974,8278,545,447

3S

W

19oF

B

3od

so

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