1940 Annual Report
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1940 Annual Report

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  • Description:
    LIST OF CHARTS

    Organization chart of the Federal Deposit Insurance Corporation (Pg. 5)

    A. Principal assets of insured commercial banks, call dates, 1934-1940 (Pg. 39)

    B. Percentage distribution of assets—all commercial banks, 1919-1940 (Pg. 42)

    C. Current operating earnings of insured commercial banks, calendar years, 1934-1940 (Pg. 48)

    D. Current operating expenses of insured commercial banks, calendar years, 1934-1940 (Pg. 49)

    E. Charge-offs and recoveries of insured commercial banks, calendar years, 1934-1940 (Pg. 53)

    LIST OF TABLES

    PART ONE: OPERATIONS AND POLICIES OF THE CORPORATION

    1. Losses and disbursements in insured banks in financial difficulties, 1934-1940 (Pg. 14)

    2. Depositors’ recoveries and losses in insured banks in financial difficulties, 1934-1940 (Pg. 14)

    3. Disbursements of the Corporation in connection with banks in financial difficulties, 1934-1940 (Pg. 15)

    4. Deposits protected in insured banks in financial difficulties, 1934-1940 (Pg. 16)

    5. Payment of deposits of insured banks placed in receivership, 1934-1940 (Pg. 17)

    6. Repayments to the Corporation as of December 31, 1940, of disbursements in insured banks in financial difficulties (Pg. 18)

    7. Action to terminate insured status of banks charged with engaging in unsafe or unsound practices or violations of law or regulations, 1936-1940 (Pg. 20)

    8. Unsafe or unsound banking practices and violations of law or regulations charged against 19 banks by the Corporation during 1940 (Pg. 21)

    9. Officers and employees of the Corporation, December 31, 1940 (Pg. 27)

    10. Income and expenses of the Corporation since beginning operations (Pg. 28)

    11. Income and expenses of the Federal Deposit Insurance Corporation, calendar year 1940 (Pg. 29)

    12. Comparative balance sheet of the Federal Deposit Insurance Corporation, December 31, 1940, and December 31, 1939 (Pg. 30)

    13. Auditors’ report (Pg. 31-33)

    PART TWO: DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

    14. Number of commercial banking offices in the United States and possessions, December 31, 1940, and December 31, 1939 (Pg. 37)

    15. Percentage of commercial banking offices in operation belonging to branch banking systems, June 29, 1940 In centers grouped according to population and number of banking offices in center (Pg. 38)

    16. Assets and liabilities of operating insured commercial banks, December 31, 1940, and December 30, 1939 (Pg. 40)

    17. Percentage distribution of assets and liabilities, 1920, 1929, 1937, and 1940 All operating commercial banks in the United States and possessions (Pg. 43)

    18. Appraisal of assets of insured commercial banks examined in 1940. (Pg. 44)

    19. Percentage distribution of number and deposits of insured commercial banks, examinations in 1940 and 1939 Banks grouped by fixed and substandard assets ratio (Pg. 45)

    20. Percentage distribution of number and deposits of insured commercial banks, examinations in 1940 and 1939 Banks grouped by net sound capital ratio (Pg. 46)

    21. Substandard asset and net sound capital ratios, examinations in 1940 Insured commercial banks grouped by amount of deposits (Pg. 47)

    22. Earnings, expenses, and dividends of insured commercial banks, 1934-1940 (Pg. 48)

    23. Rates of income received and interest paid by insured commercial banks, 1934-1940 (Pg. 50)

    24. Rates of net earnings and net profits of insured commercial banks, 1934-1940 (Pg. 51)

    25. Percentage distribution of insured commercial banks according to rates of net earnings on total capital accounts, 1938-1940 (Pg. 52)

    26. Percentage distribution of insured commercial banks according to rates of net profits on total capital accounts, 1938-1940 (Pg. 52)

    27. Charge-offs and recoveries of insured commercial banks, 1937-1940 (Pg. 54)

    28. Rates of dividends of insured commercial banks, 1934-1940 (Pg. 55)

    PART THREE: LOSSES ON ASSETS OF COMMERCIAL BANKS, 1865-1940

    29. Estimated losses on assets of commercial banks, 1865-1940 (Pg. 62)

    30. Estimated losses on assets of commercial banks, 1865-1940, by selected periods (Pg. 62)

    31. Estimated rates of loss on assets of commercial banks, 1865-1940, for selected periods (Pg. 63)

    32. Estimated net charge-offs in operating commercial banks and losses to depositors in closed commercial banks, 1921-1940, by years (Pg. 66)

    33. Estimated losses to depositors and assessments collected from stockholders in commercial banks closed because of financial difficulties, 1865-1940. (Pg. 68)

    34. Estimated rates of loss to depositors and of assessments collected from stockholders in commercial banks closed because of financial difficulties, 1865-1940 (Pg. 69)

    35. Distribution of estimated losses on assets of commercial banks, 1865-1940, by method of estimation (Pg. 71)

    PART FIVE: STATISTICS OF BANKS AND DEPOSIT INSURANCE

    101. Number and classification of operating banking offices, December 31, 1935-1940 (Pg. 92-93)

    102. Analysis of changes in number and classification of operating banking offices in the United States and possessions during 1940 (Pg. 94-95)

    103. Number of operating banking offices, December 31, 1940 Grouped according to insurance status and class of bank and by type of office in each State and possession (Pg. 96-103)

    104. Analysis of admissions to and terminations of insurance in each class of bank, 1934-1940 (Pg. 104-109)

    105. Number of operating banking offices, June 29, 1940 Grouped according to insurance status and class of bank and by type of office and amount of deposits (Pg. 110-111)

    106. Number of operating banks, June 29, 1940 Grouped according to insurance status and class of bank and by type of bank and amount of deposits (Pg. 112-113)

    107. Number of operating banks, June 29, 1940 Grouped according to insurance status and class of bank in each State and in the possessions (Pg. 114-115)

    108. Number of operating banking offices of commercial banks, June 29, 1940 Grouped according to amount of deposits and by type of office and population of center in which located (Pg. 116-117)

    109. Number of operating banking offices of commercial banks, June 29, 1940 Grouped according to number of commercial banking offices in center in which located and by type of office and population of center in which located (Pg. 118-119)

    110. Number of operating commercial banks, June 29, 1940 Grouped according to amount of deposits and by insurance status in each State and in the possessions (Pg. 120-123)

    111. Number of Commercial banks operating branches and number of branches, June 29, 1940 Banks operating branches grouped according to character of branch system and branches grouped according to location of branch and by population of center in which located and State (Pg. 124-125)

    112. Number of operating mutual savings banks, June 29, 1940 Grouped according to amount of deposits and by insurance status in each State (Pg. 126-127)

    113. Deposits of Operating banking offices, June 29, 1940 Offices grouped according to insurance status and class of bank and by type of office and amount of deposits (Pg. 128-129)

    114. Deposits of operating banks, June 29, 1940 Banks grouped according to insurance status and class of bank and by type of bank and amount of deposits (Pg. 130-131)

    115. Deposits of operating banks, June 29, 1940 Banks grouped according to insurance status and class of bank in each State and in the possessions (Pg. 132-133)

    116. Deposits of operating commercial banks, June 29, 1940 Banks grouped according to amount of deposits and by insurance status in each State and in the possessions (Pg. 134-137)

    117. Deposits of Operating mutual savings banks, June 29, 1940 Banks grouped according to amount of deposits and by insurance status in each State (Pg. 138-139)

    118. Summary of assets and liabilities of operating banks in the United States and possessions, 1935-1940 Banks grouped by insurance status and type of bank (Pg. 140-143)

    119. Assets and liabilities of operating insured commercial banks, call dates 1934-1940 (Pg. 144-147)

    120. Classes of securities held by operating insured commercial banks, call dates 1934 -1940 (Pg. 148-149)

    121. Assets and liabilities of operating insured commercial banks not members of the Federal Reserve System, call dates 1934-1940 (Pg. 150-153)

    122. Assets and liabilities of operating insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, December 31, 1940 Banks grouped according to amount of deposits (Pg. 154-155)

    123. Averages per bank of assets and liabilities of operating insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, December 31, 1940 Banks grouped according to amount of deposits (Pg. 156-157)

    124. Percentage distribution of principal asset and liability items of operating insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, December 31, 1940 Banks grouped according to amount of deposits (Pg. 158-159)

    125. Analysis of capital and liabilities of insured commercial banks examined in 1940 Banks grouped by net sound capital ratio, fixed and substandard assets ratio, rate of average net earnings, and amount of deposits (Pg. 160-161)

    126. Net sound capital ratios of insured commercial banks examined in 1940 Banks grouped by net sound capital ratio, fixed and substandard assets ratio, rate of average net earnings, and amount of deposits (Pg. 162-163)

    127. Analysis of capital and liabilities of insured commercial banks examined in 1940 Banks grouped by Federal Deposit Insurance Corporation District and State (Pg. 164-165)

    128. Net sound capital ratios of insured commercial banks examined in 1940 Banks grouped by Federal Deposit Insurance Corporation District and State (Pg. 166-167)

    129. Appraisal of assets of insured commercial banks examined in 1940 Banks grouped by net sound capital ratio, fixed and substandard assets ratio, rate of average net earnings, and amount of deposits (Pg. 168-171)

    130. Asset ratios of insured commercial banks examined in 1940 Banks grouped by net sound capital ratio, fixed and substandard assets ratio, rate of average net earnings, and amount of deposits (Pg. 172-175)

    131. Appraisal of assets of insured commercial banks examined in 1940 Banks grouped by Federal Deposit Insurance Corporation District and State (Pg. 176-179)

    132. Asset ratios of insured commercial banks examined in 1940 Banks grouped by Federal Deposit Insurance Corporation District and State (Pg. 180-183)

    133. Distribution of insured commercial banks examined in. 1940 according to net sound capital ratio Banks grouped by fixed and substandard assets ratio, rate of average net earnings, and amount of deposits (Pg. 184)

    134. Distribution of deposits of insured commercial banks examined in 1940 according to net sound capital ratio Banks grouped by fixed and substandard assets ratio, rate of average net earnings, and amount of deposits (Pg. 185)

    135. Net sound capital ratios of insured commercial banks examined by the Federal Deposit Insurance Corporation, 1933-1940 Banks grouped according to amount of deposits (Pg. 186)

    136. Total asset ratios of insured commercial banks examined by the Federal Deposit Insurance Corporation, 1933-1940 Banks grouped according to amount of deposits (Pg. 187)

    137. Loan ratios of insured commercial banks examined by the Federal Deposit Insurance Corporation, 1934-1940 Banks grouped according to amount of deposits (Pg. 188)

    138. Asset ratios of insured commercial banks examined by the Federal Deposit Insurance Corporation, 1940 Banks grouped according to amount of deposits (Pg. 189)

    139. Earnings, expenses, and dividends of insured commercial banks, 1934-1940 (Pg. 190-191)

    140. Ratios of earnings, expenses, and dividends of insured commercial banks, 1934-1940 (Pg. 192-193)

    141. Earnings, expenses, and dividends of insured commercial banks, 1940 By class of bank (Pg. 194-195)

    142. Distribution of insured commercial banks according to rate of net earnings, 1940 Banks grouped by amount of deposits, population of center in which located, and number of commercial banking offices in center in which located (Pg. 196)

    143. Distribution of insured commercial banks according to rate of net profits, 1940 Banks grouped by amount of deposits, population of center in which located, and number of commercial banking offices in center in which located (Pg. 197)

    144. Distribution of insured commercial banks according to rate of net earnings and by rate of net profits, 1940 (Pg. 198)

    145. Distribution of insured commercial banks according to rate of income on loans, 1940 Banks grouped by amount of deposits, population of center in which located, and rate of net earnings (Pg. 199)

    146. Distribution of insured commercial banks according to rate of income on loans, 1940 Banks grouped by ratio of loans to total assets and ratio of time and savings deposits to total deposits (Pg. 200)

    147. Distribution of insured commercial banks according to ratio of loans to total assets, 1940 Banks grouped by amount of deposits, population of center in which located, and rate of net earnings (Pg. 201)

    148. Distribution of insured commercial banks according to rate of interest paid on time and savings deposits, 1940 Banks grouped by amount of deposits, population of center in which located, and rate of net earnings (Pg. 202)

    149. Distribution of insured commercial banks according to ratio of time and savings deposits to total deposits, 1940 Banks grouped by rate of interest paid on time and savings deposits, rate of net earnings, and ratio of loans to total assets (Pg. 203)

    150. Earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1934-1940 (Pg. 204-205)

    151. Ratios of earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1934-1940 (Pg. 206-207)

    152. Earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1940 Banks grouped according to amount of deposits (Pg. 208-209)

    153. Averages per bank of earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1940 Banks grouped according to amount of deposits (Pg. 210-211)

    154. Ratios of earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1940 Banks grouped according to amount of deposits (Pg. 212-213)

    155. Ratios of earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1940 Banks grouped according to population of center in which located. (Pg. 214-215)

    156. Ratios of earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1940 Banks grouped according to rate of net earnings (Pg. 216-217)

    157. Ratios of earnings, expenses, and disposition of profits of insured commercial banks submitting reports to the Federal Deposit Insurance Corporation, 1940 Banks grouped according to rate of income on loans (Pg. 218-219)

    158. Earnings, expenses, and disposition of profits of insured mutual savings banks, 1934-1940 (Pg. 220-221)

    159. Number and deposits of banks which suspended operations, 1934-1940 Grouped according to class of bank and by year, amount of deposits, and State (Pg. 222-223)

    160. Number and deposits of and disbursements to insured banks merged with the financial aid of the Federal Deposit Insurance Corporation, 1935-1940 Grouped according to class of bank and by year, amount of deposits, and State (Pg. 224-225)

    161. Number and deposits of insured banks placed in receivership or merged with the financial aid of the Federal Deposit Insurance Corporation, 1934-1940 Grouped according to class of bank and by year, amount of deposits, and State (Pg. 226-227)

    162. Number and deposits of banks which suspended operations, 1940 Grouped according to class of bank and by amount of deposits and State (Pg. 228)

    163. Number and deposits of and disbursements to insured banks merged with the financial aid of the Federal Deposit Insurance Corporation, 1940 Grouped according to class of bank and by amount of deposits and State (Pg. 229)

    164. Number and deposits of insured banks placed in receivership or merged with the financial aid of the Federal Deposit Insurance Corporation, 1940 Grouped according to class of bank and by amount of deposits and State (Pg. 230-231)

    165. Accounts and deposits of and disbursements to insured banks merged with the financial aid of the Federal Deposit Insurance Corporation, 1935-1940 (Pg. 232-233)

    166. Assets purchased by the Federal Deposit Insurance Corporation to facilitate completion of liquidation of insured banks in receivership, 1939-1940 As shown by books of FDIC, December 31, 19140 (Pg. 234)

    167. List of insured banks placed in receivership, 1940 (Pg. 235)

    168. Assets of insured banks placed in receivership, 1934-1940 As shown by books of bank at date of suspension (Pg. 236)

    169. Liabilities of insured banks placed in receivership, 1934-1940 As shown by books of bank at date of suspension (Pg. 237)

    170. Deposits of insured banks placed in receivership, 1934-1940 As shown by books of FDIC, December 31, 1940 (Pg. 238)

    171. Payments to depositors of insured banks placed in receivership, 1934-1940 As shown by books of FDIC, December 31, 1940 (Pg. 239)

    172. Actions by the Federal Deposit Insurance Corporation upon applications from banks not members of the Federal Reserve System for admission to insurance, approval of establishment of branches, and approval of change of location of banking offices, August 23, 1935, to December 31, 1940 (Pg. 240-241)

    173. Actions by the Federal Deposit Insurance Corporation upon applications regarding capital and other financial adjustments, August 23, 1935, to December 31, 1940 (Pg. 242-243)

    174. Amounts involved in actions by the Federal Deposit Insurance Corporation upon applications regarding capital and other financial adjustments, August 23, 1935, to December 31, 1940 (Pg. 244-245)

    175. Action to terminate insured status of banks for engaging in unsafe or unsound banking practices or violations of law or regulations, August 23, 1935, to December 31, 1940 (Pg. 246)

    176. Unsafe or unsound banking practices and violations of law or regulations upon which action to terminate insured status was started against 97 insured banks, August 23,1935, to December 31, 1940 (Pg. 247-249)

  • Content Notes:
    Introduction and Summary

    PART ONE: OPERATIONS AND POLICIES OF THE CORPORATION

    Deposit Insurance and the Banking System

    Pledge of assets to secure bank obligations

    Insurance or guaranty of bank obligations

    Bank supervision

    The role of Federal insurance of deposits

    Deposit insurance and bank supervision

    Protection of Depositors

    Protection of depositors in insured banks

    Method of providing insurance protection

    Procedure for providing insurance protection

    Losses and recoveries of the Corporation

    Receivership activities of the Corporation

    Supervisory Activities of the Corporation

    Action s regarding banks in an unsound condition

    Unsafe and unsound banking practices

    Bank Examinations

    Admissions to and terminations of Insurance

    Establishment of Branches

    Capital Adjustment of Banks

    Approval of Assumptions or release of deposits

    Reports from Banks

    Legislation during 1940 affecting deposit insurance

    Federal legislation

    State legislation directly affecting the operations of the Corporation

    State legislation relating to bank supervision

    Operating Statement of the Corporation

    Organization and Staff

    Income and Expenses

    Claims held by Corporation against suspended and merged banks

    Assets and liabilities

    Audit

    PART TWO: DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

    Commercial Banking Offices

    Banking offices in operation

    Insured banks

    Assets and Liabilities of Insured Commercial Banks

    Changes in assets and liabilities during 1940

    Analysis of loans

    Instalment consumer loans

    Distribution of assets

    Condition of Insured Commercial banks

    Analysis of assets

    Analysis of capital accounts

    Earnings of Insured Commercial Banks

    Trends of earnings and expenses

    Rates of earnings and expenses

    Net earnings and net profits

    Net charge-offs

    Dividends

    Insured Mutual Savings Banks

    PART THREE: LOSSES ON ASSETS OF COMMERCIAL BANKS, 1865-1940

    Losses on Assets

    Amount and distribution of losses

    Losses not covered by the estimate

    Concentration of losses during crisis periods

    Rates of loss during post-crisis and wartime periods

    Losses by years, 1921-1940

    Depositors’ losses

    Amount of depositors’ losses and stockholders’ assessments

    Rates of loss during crisis and post-crisis periods

    Method of estimating losses on assets of commercial banks, 1865-1940

    Methods of estimation

    Losses published or reported by Federal bank supervisory authorities

    Losses estimated from sample data

    Losses estimated from data for other periods or groups of banks

    Reliability of estimates

    Total deposits in operating banks

    PART FOUR: LEGISLATION

    Legislation relating to insured banks

    Amendment to Federal statute concerning robbery of a bank

    PART FIVE: STATISTICS OF BANKS AND DEPOSIT INSURANCE

    Explanatory Notes

    Sources of data

    Classification of banks and banking offices

    Population of center and number of offices

    Deposits of banks and banking offices

    Banks examined by, and submitting reports to, the Federal Deposit Insurance Corporation

    Assets and liabilities of operating banks

    Analysis of examinations of insured commercial banks

    Earnings, expenses, and disposition of profits of insured commercial banks.

    Suspensions, receiverships, and mergers

    Number, of banking offices-end-of-year

    Number of banking offices-midyear

    Deposits of banking offices

    Assets and liabilities of operating Banks

    Analysis of examinations of insured commercial banks examined by the Federal Deposit Insurance Corporation

    Earnings of Insured commercial banks

    Earnings of insured banks submitting reports to the Federal Deposit Insurance Corporation

    Supervisory actions by the Corporation

  • Pages in Document:
    288
  • Format:
    PDF
  • Release Date:
    12/31/1940
  • Fdic Employee Involved:
    Leo T. Crowley;Phillips Lee Goldsborough;Preston Delano;J. F. T. O'Connor;
  • Source:
    FDIC Website/Fraser
  • Main Document Checksum:
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