Statistical Statement Of The Banking System Of The United States
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This section is from the book "Banking Principles And Practice", by Ray B. Westerfield. Also available from Amazon: Banking principles and practice.
Statistical Statement Of The Banking System Of The United States
In order to summarize the figures for the six chief classes of banks in the United States, and therefore to give a comprehensive view of our financial power, the following statistical statements are given. These figures are, of course, not inclusive of our complete system, as figures for the federal reserve banks, federal farm loan system, the building and loan associations, the Morris-plan banks, the remedial loan associations, etc., have been omitted, since the inclusions of such figures would probably be more confusing than helpful. Moreover, the statistics concerning these last-named institutions are not as complete as those on the six principal classes of banks. The figures have been gathered by the Comptroller of the Currency, who must in certain cases depend upon voluntary reports from the state and private institutions; hence these data are not absolutely full and complete.
Table Showing Distribution Of Mutual Savings Banks, June 30, 1919
State | Number of Banks | Deposits (In millions) | State | Number of Banks | Deposits (In millions) |
Maine............. | 44 | $ 97 | New York .......... | 141 | $2,179 |
New Hampshire .... | 45 | 45 | New Jersey .......... | 27 + | 173 |
Vermont........... | 20 | 59 | Pennsylvania....... | 10 | 279 |
Massachusetts...... | 196 | 1,089 | Delaware.......... | 2 | 17 |
Rhode Island....... | 15 | 101 | Maryland ........... | 17 | 116 |
Connecticut ........ | 80 | 387 | Eastern states.... | 197 | $2,765 |
New England states ............ | 400 | $1,845 | Washington ........ | 1 | $ 9 |
Ohio.............. | 3 | $ 6s | Pacific states..... | 1 | $ 9 |
Indiana............ | 5 | 14 | |||
Wisconsin .......... | 7 | 3 | Total United States. | 622 | $4,751 |
Minnesota ........... | 9* | 46 | |||
Middle Western states ......... | 24 | $129 |
* Includes two state banks. Includes one state bank.
Statistical Statement Of Banks In The United States, June 30, 1919
National Banks (Nov. 17, 1919) | State Banks | Savings Banks | Stock Savings Banks | Loan and | Private Banks | Total | |
Number of banks..................................... | 7,865 | 17,225 | 622 | 1,097 | 1,377 | 1,017 | 29,203 |
Assets | (Amounts in millions) | ||||||
Loans and Discounts.................................... | $11,583 | $ 6,703 | $2,335 | $ 778 | $4,091 | $153 | $ 25,643 |
Investments........................ | 4,865 | 2,279 | 2,491 | 295 | 2,069 | 41 | 12,044 |
Banking House and Realty........... | 381 | 274 | 59 | 36 | 180 | 14 | 944 |
Due from Banks.............................................. | 3,706 | 1,574 | 189 | 129 | 850 | 43 | 6,491 |
Checks and Other Cash Items......... | 77 | 319 | 1 | 3 | 198 | 1 | 599 |
919 | ................. | ................ | ............... | .................... | ............... | 919 | |
Cash on Hand....................... | 450 | 355 | 35 | 31 | 142 | 7 | 1,020 |
Other Resources.............................................. | 458 | 195 | 56 | 5 | 426 | 4 | 1,144 |
Total.......................... | $22,445 | $11,701 | $5,171 | $1,281 | $7,96o | $266 | $48,823 |
Liabilities | |||||||
Capital Paid In..................... | $ 1,153 | $ 785 | .................. | $ 62 | $ 450 | $ 19 | $ 2,469 |
Surplus and Undivided Profits......................... | 1,466 | 604 | $ 398 | 47 | 588 | 13 | 3,116 |
Due to Banks.................................................... | 3,371 | 444 | ................. | 1 | 455 | 3 | 4,274 |
Deposits.......................................................... | 14,097 | 9,015 | 4,751 | 1,151 | 5,702 | 216 | 34,932 |
Rediscounted Items......................................... | 680 | 109 | ................. | ................ | 113 | .............. | 902 |
Bills Payable........................ | 1,061 | 303 | 1 | 6 | 275 | 5 | 1,651 |
Bank Notes................................................... | 680 | ............... | ................. | ............... | .................... | .............. | 680 |
Other Liabilities................................................ | 617 | 436 | 19 | 10 | 375 | 7 | 1,484 |
Total.......................... | $22,445 | $11,701 | $5,171 | $1,281 | $7,959 | $266 | $48,823 |
Table Giving the Geographical Distribution of the National Banks and of the State Institutions, June 20, 1917 (Resources In Millions)
National | Banks | State Banks | Mutual Savings Banks | Joint-Stock Savings Banks | Private Banks | Loan and Trust Companies | ||||||
Group | Number | Resources | Number | Resources | Number | Resources | Number | Resources | Number | Resources | Number | Resources |
New England . .. | 403 | $ 1,166 | 6 | $ 15 | 404 | $1,892 | 10 | $ 11 | ........... | .............. | 273 | $ 1 |
Eastern............... | 1,643 | 6,759 | 518 | 1,239 | 197 | 2,721 | 51 | 53 | 117 | $ 25 | 561 | 55 |
Southern........... | 1,580 | 1,801 | 4,582 | 1,198 | 1 | 1 | 59 | 63 | 42 | 6 | 287 | 2 |
Middle Western. | 2,111 | 4,137 | 5,659 | 2,680 | 19 | 124 | 898 | 364 | 728 | 147 | 399 | 4 |
Western............... | 1,328 | 1,157 | 4,104 | 902 | ............ | .............. | 31 | 12 | 47 | 17 | 62 | ............... |
Pacific................. | 535 | 1,121 | 1,064 | 637 | 1 | 69 | 136 | 622 | 2 | ............ | 26 | .............. |
Total*........ | 7,604 | $16,151 | 15,968 | $6,700 | 622 | $4,811 | 1,185 | $1,127 | 936 | $197 | 1,608 | $64 |
* The totals include the banks of Alaska and Hawaii, not here separately specified.
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