1934 Annual Report

Details

• Publisher's site:
  https://www.fdic.gov/
• Description:
  PART ONE ; OPERATIONS OF THE CORPORATION TO DECEMBER 31, 1934 ; Consolidated balance sheet, Federal Deposit Insurance Corporation and the Temporary Federal Deposit Insurance Funds, December 31, 1934 (Pg. 11) ; Statement of cash receipts and expenditures for the period from September 11, 1933 (date of commencement of operations), to December 31, 1934, Federal Deposit Insurance Corporation (Pg. 12) ; Capital status of commercial banks not members of the Federal Reserve System approved for admission to insurance, January 1, 1934 (Pg. 16) ; Number of insured commercial banks not members of the Federal Reserve System classified according to the ratio of net sound capital to total deposits (Pg. 17) ; Classification of assets at time of examination for admission to insurance Fund and at time of latest examination in 1934 and early 1935, insured commercial banks not members of the Federal Reserve System (Pg. 17) ; Creditors’ claims against nine insured banks which suspended during 1934 (Pg. 27) ; PART TWO ; DEPOSIT INSURANCE AND BANKING DEVELOPMENTS ; Analysis of changes during 1934 in the deposits of licensed commercial banks (Pg. 42) ; Changes during 1934 in assets and liabilities of licensed commercial Banks (Pg. 43) ; Changes during 1934 in holdings by licensed commercial banks of cash and amounts due from banks (Pg. 44) ; Reduction during 1934 in loans and discounts of licensed commercial banks (Pg. 44) ; Examiners’ classification of loans and discounts, and amounts of loans and discounts written off, 1934 (Pg. 45) ; Changes during 1934 in securities held by licensed commercial Banks (Pg. 46) ; Holdings of capital obligations of insured commercial banks by the Reconstruction Finance Corporation, December 31, 1934 (Pg. 47) ; Percentage distribution of number and deposits of insured commercial banks not members of the Federal Reserve System, grouped by ratio of net sound capital to deposits (Pg. 51) ; Changes during 1934 in total capital account of commercial banks not members of the Federal Reserve System insured on December 31, 1934 (Pg. 53) ; Current earnings and expenses during 1934 of insured commercial banks (Pg. 55) ; Net earnings and changes in total capital account during 1934 of insured commercial banks (Pg. 55) ; Comparative rates of interest, and distribution of assets and deposits, 1927-28 and 1934, banks members of the Federal Reserve System (Pg. 56) ; Net earnings from current operations during 1934 of insured commercial banks not members of the Federal Reserve System, banks grouped by amount of deposits (Pg. 57) ; Rates of earnings during 1934 on total available funds, on loans and on securities, and of interest paid on time deposits, insured commercial banks not members of the Federal Reserve System (Pg. 59) ; Insured and uninsured deposits, and fully and partially insured accounts, insured commercial banks, October 1, 1934 (Pg. 61) ; Percentage of deposits insured and of accounts fully insured in insured commercial banks, October 1, 1934, banks grouped by amount of deposits (Pg. 61) ; Classification of uninsured commercial State banks, February 1,1935 (Pg. 63) ; Mutual savings banks insured by Federal Deposit Insurance Corporation, 1934 (Pg. 65) ; Mutual savings banks, December 31, 1934 (Pg. 66) ; Number and deposits of licensed banks suspending operations during 1934, banks grouped by amount of deposits (Pg. 68) ; PART THREE ; RESEARCH REPORTS ; Deposits and losses to depositors in suspended commercial banks, 1865-1934 (Pg. 75) ; Estimated deposits in suspended commercial banks, 1865-1934 (Pg. 80) ; Estimated percentages of deposits of suspended commercial banks which would have been insurable under the $5,000 limitation (Pg. 81) ; Estimated amounts of deposits of suspended commercial banks,1865-1934, which would have been insurable under the $5,000 limitation (Pg. 82) ; Estimates of secured deposits held by suspended banks, 1865-1934 (Pg. 83) ; Losses to depositors in liquidated insolvent banks (Pg. 87) ; Estimated amounts of loss to depositors in suspended commercial banks, 1865-1934 (Pg. 88) ; Deposits in active commercial banks, 1865-1934 (Pg. 89) ; Relation of depositors’ losses in suspended commercial banks to deposits in active banks, 1865-1934 (Pg. 90) ; Losses to depositors in banks suspending during critical years (Pg. 91) ; Number and deposits (or liabilities) of suspended commercial banks, 1865-1899, by years (Pg. 92) ; Number and deposits (or liabilities or resources) of suspended commercial banks, 1900-20, by years (Pg. 93) ; Number and deposits of suspended and reopened commercial banks, 1921-32, by years (Pg. 94) ; Number and deposits of suspended and reopened commercial banks, 1933-34, by years (Pg. 95) ; Deposits, and loans and investments, of suspended national and commercial State banks, grouped by size of bank (Pg. 96-98) ; Estimated percent of commercial bank deposits which are secured (Pg. 99) ; Estimated recoveries by creditors of liquidated insolvent commercial banks (Pg. 100-101) ; Estimate of deposits not released in national banks unlicensed on March 16, 1933, but reorganized or licensed without reorganization prior to October 31, 1934 (Pg. 102) ; Deposits in active commercial banks other than national, 1865-83, by years (Pg. 103) ; Estimate of deposits in all active commercial banks other than national, 1900-02 (Pg. 104) ; Deposits in active commercial banks other than national, 1875-83, 1900-02, and 1934 (Pg. 105) ; Estimate of deposits in active commercial banks other than national, 1883-1934, by years (Pg. 106) ; Deposits in active national banks, call dates, 1863-1934 (Pg. 107-109) ; Relations among deposits, liabilities, resources, claims and dividends of suspended banks (Pg. 110) ; Deposits and losses in suspended mutual savings banks compared with deposits in active mutual savings banks, 1865-1934, by years (Pg. 112-113) ; PART FIVE ; STATISTICS OF BANKS AND DEPOSIT INSURANCE ; Number and deposits of all licensed banks in the United States, January 1, 1934, and December 31, 1934: by class of bank (Pg. 176) ; Analysis of changes in number of licensed banks in the United States, January 1, 1934, to December 31, 1934: by class of bank (Pg. 177) ; Number and deposits of banks licensed during 1934: by class of bank, grouped by amount of deposits and by States (Pg. 178-179) ; Number of licensed banks in the United States, December 31,1934: by class of bank by States (Pg. 180-181) ; Deposits in licensed banks in the United States, December 31,1934: by class of bank by States (Pg. 182-183) ; Number of licensed banks in the United States, October 1, 1934: by class of bank, grouped by amount of deposits (Pg. 184) ; 107. Total deposits in licensed banks in the United States, October 1, 1934: by class of bank, grouped by amount of deposits (Pg. 185) ; Number of accounts fully insured and partially insured in insured commercial banks, October 1,1934: by class of bank, grouped by amount of deposits and by States (Pg. 186-187) ; Amount of deposits insured and uninsured in insured commercial banks, October 1, 1934: by class of bank, grouped by amount of deposits and by States (Pg. 188-191) ; Percent of accounts fully insured and of deposits insured in insured commercial banks, October 1, 1934: by class of bank, grouped by amount of deposits and by States (Pg. 192-193) ; Assets and liabilities of insured commercial banks, June 30, 1934, and December 31, 1934: by class of bank (Pg. 194-197) ; Condition of insured commercial banks not members of the Federal Reserve System, December 31, 1934: banks grouped by amount of deposits (Pg. 198-199) ; Condition of insured commercial banks not members of the Federal Reserve System, December 31,1934: averages for banks grouped by amount of deposits (Pg. 200-201) ; Percentage distribution of principal asset and liability items, insured commercial banks not members of the Federal Reserve System, December 31, 1934: banks grouped by amount of deposits (Pg. 202-203) ; Capital, deposits and assets of insured commercial banks not members of the Federal Reserve System as shown by examination for admission in 1933-1934: banks grouped by amount of deposits, by geographic regions, and by States (Pg. 204-205) ; Capital, deposits and assets of insured commercial banks not members of the Federal Reserve System as shown by latest examination in 1934-1935: banks grouped by amount of deposits, by geographic regions, and by States (Pg. 206-207) ; Examiners’ analysis of assets of commercial banks not members of the Federal Reserve System insured on December 31, 1934, latest examination in 1934-1935: banks grouped by amount of deposits, by geographic regions, and by States (amounts in thousands of dollars) (Pg. 208-211) ; Examiners’ analysis of assets of commercial banks not members of the Federal Reserve System insured on December 31, 1934, latest examination in 1934-1935: banks grouped by amount of deposits, by geographic regions, and by States (percent of book value) (Pg. 212-215) ; Loans to officers, directors and affiliates, commercial banks not members of the Federal Reserve System insured on December 31, 1934, latest examination in 1934-1935: banks grouped by amount of deposits, by geographic regions, and by States (Pg. 216-218) ; Capital investment of the Reconstruction Finance Corporation in insured commercial banks, December 31, 1934: by class of bank by States (Pg. 219) ; Number and deposits of insured banks arranged according to statutory capital requirements for membership in the Federal Reserve System, and the capital deficiency of insured banks lacking such qualifications, June 30, 1934: commercial banks not members of the Federal Reserve System by States and by size of center in which located (Pg. 220-225) ; Number of officers and of employees of insured commercial banks, June 30, 1934: by class of bank by States (Pg. 226-227) ; Earnings, expenses and dividends of insured commercial State banks, calendar year 1934: banks grouped by amount of deposits (Pg. 228-229) ; Earnings, expenses and dividends of insured commercial State banks, calendar year 1934: averages for banks grouped by amount of deposits (Pg. 230-231) ; Earnings, expenses and dividends of insured commercial State banks, calendar year 1934: by class of bank (Pg. 232) ; Earnings, expenses and dividends per $100 of total available funds of insured commercial State banks, calendar year 1934: banks grouped by amount of deposits (Pg. 233) ; Earnings, expenses and dividends, special ratios, insured commercial State banks, calendar year 1934: banks grouped by amount of deposits (Pg. 234-235) ; Earnings, expenses and dividends of insured commercial banks not members of the Federal Reserve System, calendar year 1934: banks grouped by amount of deposits (Pg. 236-237) ; Earnings, expenses and dividends of insured commercial banks not members of the Federal Reserve System, calendar year 1934: averages for banks grouped by amount of deposits (Pg. 238-239) ; Earnings, expenses and dividends, special ratios, insured commercial banks not members of the Federal Reserve System, calendar year 1934: banks grouped by amount of deposits (Pg. 240-241) ; Earnings, expenses and dividends per $100 of total available funds, insured commercial banks not members of the Federal Reserve System, calendar year 1934: banks grouped by amount of deposits (Pg. 242) ; Condition of insured mutual savings banks, June 30, 1934, and December 31, 1934 (Pg. 243) ; Earnings, expenses and interest payments of 68 insured mutual savings banks, calendar year 1934 (Pg. 243) ; Insured and uninsured deposits in insured mutual savings banks, October 1, 1934: by States (Pg. 244) ; Number and deposits of banks suspending operations during 1934: by class of bank grouped by amount of deposits (Pg. 245) ; Insured banks placed in receivership in 1934 (Pg. 246) ; Assets of insured banks placed in receivership in 1934: as shown by books of banks at date of suspension (Pg. 247) ; Liabilities of insured banks placed in receivership in 1934: as shown by books of banks at date of suspension (Pg. 248) ; Deposits of insured banks placed in receivership in 1934: revised to December 31, 1934 (Pg. 249) ; Payments during 1934 to insured depositors of insured banks placed in receivership in 1934 (Pg. 250) ; Statement of operations of deposit insurance national banks through December 31, 1934 (Pg. 251) ; Average annual salaries paid to officers and employees of the Federal Deposit Insurance Corporation, as of December 31, 1934 (Pg. 252) ; LIST OF CHARTS ; Organization chart (Pg. 9) ; Percentage distributions of assets, insured commercial banks not Federal Reserve Members, banks grouped by amount of deposits (Pg. 48) ; Condition of loans and securities, insured commercial banks not Federal Reserve Members, banks grouped by amount of deposits (Pg. 49) ; Capital changes during 1934, insured commercial banks not Federal Reserve Members, banks grouped by amount of deposits (Pg. 52) ; Earnings, expenses and losses, 1934, insured commercial banks not Federal Reserve Members, banks grouped by amount of deposits (Pg. 58) ; Number and deposits of insured and uninsured commercial banks, October 1, 1934, banks grouped by amount of deposits (Pg. 62)
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• Content Notes:
  Introduction ; PART ONE: OPERATIONS OF THE CORPORATION TO DECEMBER 31, 1934 ; Purposes of the Corporation ; Organization and Staff ; Directors ; Organization ; Personnel ; Financial Aspects of the Corporation ; Capital stock ; Assessments ; Accounting and auditing ; Balance sheet ; Audit report ; Bank Examinations ; Temporary examining organization ; Results of admission examinations ; New examination report forms ; Re-examination of insured commercial banks with inadequate capital ; Examiners' ratings of assets ; Examination for admission of banks applying for insurance during 1934 ; Admission of banks with restricted deposits or contingent liabilities ; Examination staff ; Joint conference of supervisors of Federal examining forces ; The present examination program ; Legal Aspects ; Organization and functions of the Legal Division ; Interpretations and opinions ; Legal aspects of admission of banks to insurance ; Legal aspects of closed insured banks ; Litigation ; Regulations of the Corporation ; Advertising of membership in the Fund ; Rate of interest on deposits ; Insurance of restricted or deferred deposits ; Withdrawal from Temporary Federal Deposit Insurance Fund ; Display of sign ; Protection to uninvested trust funds during the period of the Temporary Federal Deposit Insurance Fund ; Recommendations for legislative changes ; Insured Banks Placed in Receivership ; Procedure for paying depositors ; Deposit Insurance National Banks ; Deposits of insured banks placed in receivership ; Receivership procedure ; Research and Statistics ; Condition and earnings reports ; Periodic reports ; Special analyses ; Relations with Other Banking Agencies and the Public ; State supervisory authorities ; Other Federal banking agencies ; Banks and bankers’ associations ; Public relations ; Extension of and Amendments to Temporary Insurance Provisions ; Reasons for the recommendations of the Corporation ; Amendments of June 1934 ; Summary of Recommendations for Federal Legislation ; Limitation of insurance to $5,000 ; Regular assessments ; Standards of admission ; Capital changes, mergers and consolidations, and fidelity and burglary insurance ; Purchase of assets of banks merging or consolidating ; Handling of payments to depositors in closed banks ; Technical changes ; Summary of Recommendations for State Legislation ; State legislation affecting deposit insurance ; Deposit Insurance and the Banking Structure ; DEPOSIT INSURANCE AND BANKING DEVELOPMENTS ; Insurance Risk and the Condition of Commercial Banks ; Growth of deposits ; Changes in bank assets accompanying the growth of deposits ; Cash and amounts due from banks ; Loans and discounts ; United States Government and other securities ; Criticized assets of insured commercial banks by size of bank ; Borrowings and other liabilities ; Total capital account ; Capital Rehabilitation of Insured Commercial Banks not Members of the Federal Reserve System ; Improvement in net sound capital ; Sources of new capital funds ; The problem of adequate capitalization ; Earnings and Expenses of Insured Commercial Banks ; Earnings from current operations ; Recoveries, dividends and write-offs ; Rates of earnings and of interest paid ; Earnings and expenses of insured commercial banks not members of the Federal Reserve System ; Rates of interest received and paid by insured commercial banks not members of the Federal Reserve System ; Extent of Federal Insurance of Deposits in Commercial Banks ; Membership in the Temporary Federal Deposit Insurance Fund ; Fully insured and partially insured depositors ; Deposit insurance by class and size of bank ; Uninsured banks ; Mutual Savings Banks ; Mutual savings banks in the Temporary Federal Deposit Insurance Fund ; Membership in the Fund For Mutuals ; Changes during 1934 in the deposits of mutual savings banks insured by the Federal Deposit Insurance Corporation ; Insurance of deposits in mutual savings banks, December 31, 1934 ; Reconstruction Finance Corporation and mutual savings banks ; Earnings of insured mutual savings banks ; Bank Suspensions and R receiverships ; Bank suspensions during 1934 ; Causes of bank suspensions ; Banks in receivership ; PART THREE ; RESEARCH REPORTS ; Losses to Depositors in Suspended Commercial Banks, 1865-1934 ; Deposits in suspended banks ; Losses to depositors ; Relation of losses to deposits in active banks ; Method of Estimating Losses to Depositors in Suspended Commercial Banks ; Deposits in suspended banks, 1865-1934 ; Deposits not exceeding $5,000 for any one depositor ; Secured deposits ; Losses to unsecured depositors ; Deposits in active banks, 1865-1934 ; Relation of depositors’ losses to deposits in active banks ; Losses to depositors in critical years ; Basic data for estimating losses ; Losses to Depositors in Mutual Savings Banks, 1865-1934 ; Losses to depositors, 1865-1934 ; Years of greatest loss ; PART FOUR ; LEGISLATION, REGULATIONS AND INSTRUCTIONS ; Deposit Insurance Legislation ; Original deposit insurance law; section 12B of the Federal Reserve Act, inserted by section 8 of the Banking Act of 1933 ; Amendments to deposit insurance law ; Regulations of the Federal Deposit Insurance Corporation ; Advertisement of membership in the Temporary Federal Deposit Insurance Fund, Regulation A ; Maximum rates of interest payable on deposits, Regulation B ; Amendments to Regulation B ; Prohibition of payment of interest on deposits payable on demand, Regulation C ; Eligibility for insurance of deferred or restricted deposits, Regulation D ; Withdrawal from Temporary Federal Deposit Insurance Fund on July 1, 1934, Regulation E ; Display of signs, Regulation F ; Certificate of Membership in the Temporary Federal Deposit ; Insurance Fund ; Forms and Instructions ; Certified statement ; Instructions for preparing certified statement and schedule ; Report of condition— Form 64— Call No. 2 ; Instructions for the preparation of reports of condition on Form 64—Call No. 2 by insured commercial banks not members of the Federal Reserve System ; Report of earnings and dividends— Form 73 ; Instructions for preparation of earnings and dividend reports on Form by insured commercial banks not members of the Federal Reserve System ; PART FIVE ; STATISTICS OF BANKS AND DEPOSIT INSURANCE ; Explanatory Note ; All Licensed Banks in the United States ; Insured Commercial Banks ; Insurance coverage ; Condition of banks ; Officers and employees ; Earnings, expenses and dividends ; Insured Mutual Savings Banks ; Bank Suspensions and Receiverships ; Federal Deposit Insurance Corporation
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• Pages in Document:
  288
• Format:
  PDF
• Release Date:
  08/15/1934
• Temporal Coverage:
  1934
• Fdic Employee Involved:
  Sheila C. Bair ; Steven O. App
• Source:
  FDIC Website/Fraser
• Language:
  English
• Download URL:
  https://archive.fdic.gov/view/fdic/250/fdic_250_DS1.pdf
• File Type:
  [PDF - 8.08 MB]
• Collection(s):
  Annual Reports
• Main Document Checksum:
  urn:sha-512:c9f13b504b58d1673350d3914a196d02de2ee3313e7b646c6258f835182fd7aa1fee40d8d5392ba7e1287e74467e24e6202a234fb25127ca35356787c7ec1a38