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Section 6

B A N K I N C O M E

Contents

INTRODUCTION .369 PROVISION F OR LOAN LOSSES . .373



BANK INCOME Section 6

INTRODUCTION

R epor ts of bank incom e and expenses are ofva lue bo th to ban k supe r v iso r s in r ev iewin g

6 , 1 1 ) are p r esen ted in th is sec tion . D etai ls o fa n n u a l i n c o m e and expenses for the per iod



Call Reports Used in Computing Average Assetan d Liability Data

YearNo. ofcalls Date

Member banks:

1 9 4 1

1942-43 1945

1963-641944 1946-48

1965-68 19701949-60

1961-62

1969

5

3

3

2

End of previous year , end ofcurren t year , and:

Calls for 3 i n t e rv e n i n g datesCalls for 2 in tervening dates

Call for 1 in tervening da te

Calls for middle of curren tyear , p lus las t-Wednesday-of-month f igures for the1 0 i n t e rv e n i n g m o n t hs

Calls for 2 i n t e rv e n i n g dates 1

J u n e 30 and D e c e m b e r 31 ofcurren t year on ly

Insured commercial banks:

1941-62, 1964-65,1970

1963

1966-681969

3

4

32

C a l l for 1 in tervening da te

Calls for 2 in tervening da tes

Beginning, middle , and endof each y e a rJune 30 and December 31

of c u r re n t y e a r o n ly

1 A ut um n c a l l subs t i t u t e d for end-of-curren t-year ca ll .

The figures for n u m b e r s of officers, employ-ees, and b ank s shown in the tables are as of

th e year-end.Tables 6.2, 6.4, and 6.6 provide member

bank income rat ios that are computed from

the dollar aggregates shown in T ables 6.1, 6.3,and 6.5, respectively.

Operating ratios of member banks fo r 1970are provided in Tables 6.8-6.10. Balancesheet figures used in the compilations were ob-tained by averaging th e amounts shown ineach bank's official condition reports submittedfor December 31 , 1969, June 30, 1970, andDecember 31 , 1970.

D a t a fo r nat ional member banks are basedon annual income and dividend reports sub-mitted to the Comptroller of the Currency;

those fo r State member banks, on reports sub-mit ted to the Reserve Banks . Data fo r insuredcommercial banks are assembled by the Fed-eral D eposit Insurance Corporation.

COMPARABILITY OF DATA

Three major changes in reporting instruc- th e data in tables shown here with those that



Section 6

a separate i tem in the 1914-41 publication, is

included here in "other c ur rent revenue . ""REAL E S T A T E T A X E S " an d "OTHER T A X E S "

(including taxes on net income) were shownseparately in the earlier publication but are in-cluded here in "other current expenses." In1942 these taxes were separated into twoparts : (1) "taxes on net income," which havebeen shown as a separate i tem since that t ime,

and as a deduct ion from net current earningsrather than an expense, and (2) "taxes otherthan income," which were shown as a sepa-rate i tem unt i l 1961, but are included in theaccompanying tables in "other current ex-penses" because they were no longer available

separately after th e 1961 revis ion, a s indicated

later." R E N T R E C E I V E D " was shown as a separateitem in 1941, but is included here for the pe-riod 1941-60 in "other current revenue."

" R E C U R R I N G D E P R E C I A T I O N " on real estatewas included under "losses and depreciationon banking house and equipment" in 1941, butis included here for the period 1942-60 in"other current expenses." For the period1961-68, this item was included in "net occu-pancy expense," under "expenses." Beginningwith 1969, it has been incorporated into "oc-

cupancy expense of bank premises (net)" andis shown under "operating expenses."

THE 1941 CHANGE—INSURED COMMERCIAL BANKS

" S E R V I C E C H A R G E S ON DEPOSITS" were in-

cluded in "collection and service charg es,commissions, fees, etc." in Banking and Mone-tary Statistics in 1941 but are included here in"other charges, fees, etc." fo r 1941. F or 1942-

70 they have been shown separately."OTH E R C H A R G E S ON L O A N S " were includedin "interest and discount on loans" in 1941,

shown as "taxes" through 1941, have been re -ported separately since then. Throughout th eperiod 1941-70 they have been treated as adeduction f rom net current earnings ratherthan as an expense, as shown in Banking an dMonetary

Statistics (1914-41)." R E C U R R I N G D E P R E C I A T I O N " — formerlyshown as part of "all other" losses and de-



Bank Income

available separately are reported in combina-tion with other items for the years 1961-68:

(1) taxes other than on net income, which arenow included in "other current expenses" (withcertain exceptions) ; and (2) "recurring depre-

c ia t ion / ' which is now included in " furni ture

and equipment" and "ne t occupancy expense."

Appendix A shows in detai l all of the changesm a d e in 1961, including th e change in t reat-ment of rental income.

1948 CHANGE TO RESERVE METHOD OF ACCOUNTING

F or several years during the early part ofth e period covered by this section, Federa l ta xla w permit ted commercial banks to set up"reasonable" reserves for bad debt losses outof taxable income, subject to interpretation of

the word "reasonable" in light of the circum-stances surrounding each particular case. In

December 1947 a ruling by the Commissionerof Internal Revenue provided a fixed formula,based on a bank 's prior experience, fo r deter-mining allowable deductions from taxable in-come for the establishment and maintenance ofreserves for bad debt losses on loans. Withcertain exceptions, th e amounts that might beset up were l imited to three times th e annual

allowable deduction, This formula has under-gone some modification since 1947. In 1965

reserve method of providing fo r losses doesnot preclude using figures for these reserves inanalyzing losses as they occur. F or such pur-poses it is necessary to combine (1 ) lossescharged against th e current year 's net incomeb y banks tha t do not use the reserve methodand (2 ) losses that do not directly affect th e

current year 's net income of other banks be-cause they are charges against reserve accounts—with the realization, of course, that the lat-te r losses were provided for by charges againstnet income in prior years.

Figures in the income tables published inthe annual Bulletin article represent condensa-tions of figures published herein fo r years prior

to 1969, as described below:

1. Recoveries on securities and loans as



Section 6

comb ina t ion o f f o u r a m o u n t s : the sum of the

two i tems that increase va luat ion reserves

( t r ans f e r s to the reserves reported in the b o d yof the deta i led tab les , plus recoveries credi ted

to the reserves reported as m e m o r a n d a ) l es s

the sum of the two i t ems tha t decrease va l u a -

t ion rese rves ( t rans fe rs f rom the reserves re -

por ted in the b o d y of the de ta i l ed t ab l es , p l u slosses cha rg ed to the rese rves repor t ed a s m e m -

o r a n d a ) .

THE 1969 CHANGE— INSURED COM MERCIAL BANKS

Appendix B descr ib es the ma jo r chang es in -

sti tuted in 1969, par ticula rly the chan ges in

income-tax account ing and in report ing require-

ments . Some of the mo st s ignif icant changes

and thei r effects on comparabi l i ty of the vari -

ous series are amplified below.

ACCRUAL ACCOUNTING BASIS

Accou nt ing on an accru a l , r a ther than a

cash, basis is now requ i red fo r significant ac-

counts for a l l ban ks in the fol low ing s ize

g rou ps : (1 ) b e g i n n i n g in ca l enda r y ea r 19 69

—all banks with tota l resources of $50 mil l ion

or more, and (2) s tar t ing in ca l enda r y ea r1970—all banks with tota l resources of $25

mill ion or more.

preferred, a f igure represent ing i ts actual net

loan losses for the y e a r . T he a m o u n t of the

m i n i m u m a l l ow ance cou l d b e ca l cu l a t ed b y

one of severa l methods prescr ib ed by b a n k su -

pervisory authori t ies . A n d a m o u n t s e x c e e d in g

those de te r m ined b y these m ethods w ere per -

m i t t ed . T h e m e t h o d t h a t a m a j o r i t y of the

b ank s appea r to have u sed w as an averag e o fth e ra t io o f ac tu a l ne t loan losses to averag e

l o a n s o u t s t a n d i n g for a 5 -y ea r per iod ( inc l u d-

i n g t h e c u r r e n t y e a r ) , w h i c h th e b a n k s t h e n

appl ied to a v e r a g e l o a n s o u t s t a n d i n g in the

c u r r e n t y ea r . These b ank s a re requ i red to

cha rg e ag a ins t th e rese rve fo r losses o n l oans

a l l losses susta ined d u r i n g th e y e a r . B a n k s a re

p e r m i t t e d to dedu c t all or p a r t of the t r a n s fe r sto this reserve f rom t h e i r i n c o m e and to t rea t

the b a l a n c e , if a n y , as a t r a n s fe r f r o m c a p i t a l



Bank Income

ma de. T he rat io of net income to total capi talaccounts was at a record high—11.1 per cent

—in 1969. Nevertheless , the 1969 changes in -stituted by bank supervisory author i t ies proba-bly had relatively minor effects on earnings fo rthe year .

Most of the other items affected by thechanges are also not comparable with data foryears prior to 1969. Among such items are:

1. "Other operating expenses";2. Other operating income";3. "Other charges, fees, etc.";

4. "Other charges on loans," previouslyshown separately by insured comm ercial

banks , are now included in "loans: interestand fees"; and

5. "Occupancy expense of bank premises(net)" beginning with 1969 is shown as anoperating expense, with "occupancy expense(gross)" and "rental income" shown separatelyunder "memoranda items." F or 1961-68 rentalincome had been deducted from occupancyexpense, and the result ha d been shown as"net occupancy expense" under "expenses."

INCOME AND OPERATING RATIOS OF MEMBER BANKS

There are impor tan t differences between thetw o types of rat ios presented here . Tables 6 ,2,6.4, and 6.6 present income ratios, which re -flect rela t ionships between aggregate dollar fig-ures of var ious groups of banks; Tables6.8 to 6.10 present wha t are often referred to as"operat ing rat ios"—that is , ar i thmetic averagesof rat ios computed fo r indiv idual banks .

These tw o types of ratios som etimes showwide var iat ions, owing to differences in relative

bank regardless of its size, whereas ratios com-puted from aggregate dollar figures reflect pri-mari ly the performance or position of thosebanks (usually very few) whose figures are dis-proportionately large. Averages of individualratios are useful primarily for studying thefinancial results of operations of individualbanks, whereas ratios based on aggregates

show results for the banking system as awhole and, broadly speaking, are the more sig-



Appendix A

Changes in 1961 in Classification of Bank Expenses

Type of item

Salar ies and wages ( including bonusesan d o ther ext ra compensat ion) of offi-cers and employees work ing on bankbuilding o r related housekeeping func-tions

Taxes related to salaries and wages paidby the bank on i t s own account—fo r example, social security and un em -p l o y m e n t taxes, and so for th

Other expenses of employee benefits ex -cept taxes and direct compensationpaid by the bank—for example, hos-pitalization and life insurance premi-u m s , pension contributions, cost ofmedical services, net cost of r es t aur an t ,

and so for thRecurring depreciation on bank premises

and leasehold improvements

Recurr ing depreciat ion on fu r n i t u r e andequi pm en t

Other f u r n i tu r e and equipment expense—for example, servicing, maintenance,rentals paid, uncapitalized costs, and

so for th

Rent paid on bank premises

Previous reportingprocedure

Combined wi th salar iesand wages of other bankofficers and employees.

Included in taxes otherthan income.

Included in other cur rentoperating expenses.

Present reportingprocedure

R epor ted as separa te i temunder occupancy expense.

A ll recur r ing deprecia-t ion combined in a sepa-rate i tem. ]

Included in other current

Officer and employeebenefits shown as a sepa-rate i tem; expenses re-lated to bu i lding officersand employees shownseparately under occu-pancy expense.

Reported as separate itemun der occupanc y expense.

Included as a separatei tem, f u r n i tu r e and equip-ment expense.



Appendix B

Major Changes in 1969 in the Reporting of Bank Income and Expenses

Type of change or item

U s e o f accrual account -ing

Consolidated incomestatement

Treatment of discounton securit ies pur-chased below par o rface value

Income ta x acco un t i n gan d reporting

Income on t rading-ac-

Previous reporting procedure

On ei ther a cash or an accr ua l basis—d ep end ing upo n th e bank's method o fbookkeeping. In ac t ua l pract ice mostlarge banks had been repor t ing on anaccrual basis fo r some years.

Income, expenses , and div idends itemsfo r bank—exclus ive of subs idiar ies . Re-

t ur n o n inves tment in subs idiar ies re -ported as income on securities.

Most commonly shown as profit on se-curit ies only when securit ies were soldor exchanged—or in some cases sys-temat ical ly recognized in cur rent in-come during period in which security

w as held,Income taxes for the year were re -ported in one sum on a cash o r accrualbas is . Adjus tments fo r r e fun ds and de-ficiency payments and for a l l over a ndunder accruals of pr ior year s were in-cluded. Most large banks repor ted onan accrual basis.

Included in in teres t and div idends on

Present reporting procedure

Accr ua l acco un t i n g now required fo rsignificant acco un t s for all b a n k s in thefol lowing size groups b eg i nn i ng :

In calendar year 1969, for those withto ta l resources of $50 m i l l i on or more.

In calendar year 1970, fo r those withtotal resources of $25 mi l l i o n or more.

A line-by -line consolidated inc om e state-m e n t of the b a n k is r equi r ed ; it m u s t in -

clude income and expenses of its m a j o r -i ty-owned bank premises subs idiar iesand i ts o ther major i ty-owned significantdomestic subsidiaries in the appropr iateitems.

Accret ion of discount on sec ur i t ies pur-chased below par or face v a lue in cur -rent income is encourag ed bu t notr equi r ed . D efer r ed i n co m e t axes appl i -cable to the amount accreted are to be

provided for in current period.B e g in n in g in 1969 a ll ban ks m us t b r i n g(accr ue) th e repor ted provis ion for in-come taxes to a cur rent bas is ; that is ,th e provis ion must rela te to income andexpense i tems reported for the c u r r e n tyear. T he reported tax f igure m u s t b eallocated between amounts applicable tooperat ing income and the tax effect o fthe net of profit and loss on sales of

securit ies an d ex t r ao r d i n a r y ch a r ges o rcredits .

Included in o ther operat ing income net



Type of change or item

Ext r ao r d in a r y c h ar g e sor credits

Income on Federal

f u n d s sold an d securi-

t ies purchased underag r e e me n t to resell

Service charges and

other fees on bank

loans

Interest and div idendso n —

Se c u r it ie s o f G o v e r n -ment agencies a n d

corporat ions (o therthan U . S . Treas-u r y )

Obligat ions of Statesa n d pol i t ical sub-div is ions

Other securities

Salaries—officers

Salar ies a n d w ag e s —e mpl o ye e s

Previous reporting procedure

E x t r a o r d i n a r y c h a r g e s o r c r e d i t s re -por ted sep ara te ly on a g ross bas is (be-fore income t a x es ) as n o n o pe r a t in gtransac t ions . Also inc luded w i t h thesew e r e c e r t a in mis c e l l an e o u s b u t r e c u r r i n gtransac t ions such as losses on bad

checks .

Inc luded in in te res t and discounts onloans.

Shown as a s e par a t e i t e m.

Inc luded for the most par t in in te res tand d iv ide n ds on "other secur i t ies ,"

I n c l u de d in in t e r e s t an d d iv ide n ds o n"other securities."

Inc luded in in t e r e s t a n d d iv ide n ds on"other secur i t ies . "

Shown as separate i tems .

Appendix B—Continued

Present reporting procedure

Total n e t e x t r a o r d i n a r y c h a r g e s o rcredi ts are repor ted gross (before in-c o me t axe s ) a nd n e t ( a f t e r i n c o m et a x es ) a s s e par a t e i t e ms b e f o r e de te r -m i n a t i o n of ne t i n c o m e . M i s c e ll a n e o u sb u t r e c u r r in g lo s se s a n d r e c o v e r i e s a ren o w re f lec ted in o th e r c u r r e n t o pe r a t -in g income or expenses .

R e po r t e d as a s e par a t e it e m o f operat-

in g in c o me .

R e po r t e d in in te res t an d fees o n loans.

R e po r t e d a s a s e par a t e i t e m.

R e po r t e d as a s e par a t e i t e m.

R e po r t e d as a s e par a t e i t e m . A l s o n o wex c l u d es d i v i d e n d s f r o m i n v e s t m e n t s inconsol idated dom est ic subsidiar ies .

I n c l u de d in s a l a r i e s and w a g e s o f offi-cers and e mpl o ye e s .



BANK INCOME

6.1 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70; AND BY CLASS OF BANK, 1970

Income an d expense i t e m s in thousands of do l lars ; asset a nd l i a b i l i t y [ terns m m i l l i o n s o f d o l l a rs )

I te m

R e v e n u e . ., ... . . . »Interest and d i v i d e n d s on securit ies:

U.S. GovtOther

Interest and discount on loansOther charges on loans . .S e r v i c e charges on depositsOther charges fees etc . .Trust departmentOther current r e v e n u e

ExpensesS a l a r i e s — o f f i c e r s . . . . . . .Salaries and wages— others

O ff i cer a r id employee b e n e f i t sDirectors* fees etcInterest on t i m e depositsInterest on borrowed moneyNet occupancy expenseF u r n i t u r e a n d equipment.Other current e x p e n s e s

Net current e a r n i n g s b e f o r e income taxes. .

Recoveries, transfers f r om reserves,an d p ro f i t s

On securities:P r o f i t s o n securitiesRecoveries . . . . . . . . .Transfers from reserves

On loans:RecoveriesTransfers f ro m reserves

A l l other . . . .

Losses, cha rq e-o f f s , and transfers toreserves

On securi ties:SoldChar ge- o fTf s prior to sale . . .Transfers to reserves

On loans:Losses and c h a r g e - o f f sTransfers to reserves. .

A ll other

Net income bef o re related taxes

Taxes on net i n c o m e .Federal ....State

1941

1,416,866

445 ,281

665,152

64,86937,7999 3 , 1 1 6

110,649

987,917163,264262,639

8,169139,930

12 4

41 3 , 7 91

428,949

278,339

128,956

63,989

58,905

26,489

317,525

> 137,731

83,590

96,204

389,763

1942

1,486,734

539,673

639,7219,040

6 8 , 1 7 7r 3 6 , 27 1

9 1 , 9 2 5' 101,927

1,001,5561 69, 91 2

1 1 290,625

8,539'' 128,289

11 0

404,081

485,178

188,466

5 9 , 9 1 1

48,301

f 55,903

f . 24 , 3 51

223,050

1 02 , 691

64,770 ' 55,589

450,594

67,530

67,530

1943

1,650,170

765.8281 1 5 5 2 , 1 2 8

1 0,84976,4074 5 , 1 3 796,333

103,488

1,038,787174 ,8 773 1 2 , 1 2 5

. .8,706

123,70735 3

4 1 9 , 0 1 9

611,383

312,333

93,854

8 1 , 8 1 2

72,533

6 4 , 1 3 4

250,972

101,559

63,360

86,053

672,744

115,491102,976

1 2 , 5 1 5

1944

1,873,768

959,787

548,27414,900$5,50053,206

104,333107,768

1,126,733187,503337,440

9 , 5 1 4144,103

967

447,206

747,035

318,133

1 1 6 , 267

82 , 821

72,540

46,505

232,183

97,146

60,283

74,754

832,985

183,715169 ,136

14,579

1945

2,102,177

996,802' 139,368

571,77616,38687,49963,833

112 ,134314 ,379

1,267,633208,237371,374

10,757182.874

2,286

492,105

834,544

453,785

238,835

1 1 3 , 2 2 1

55,918

4 5 , 8 1 1

229,856

117,78 5

46,54

65,530

j 1,058,473

279,062250,28 1

19,781

1946

2,402,532

1,053,532147,586760,668

1 1 , 7 1 799,63467,827

13 E . I 9 5130,373

1,468,550242 , 422457,020

12,4012 1 1 , 6 0 3

2 , 1 7 5

542,929

933,982

355,805

183,010

53,58?

63,742

55,466

246,962

115 ,4 5 5

61,492

70,015

1,042,825

285,0262 6 4 , 5 1 2

20,514

1947

2,578,629

920,8211 49, 1 66

1.028,86314,855

1 1 9, 25465,803

135,934143,933

1 ,649,980269,456527,525

13,731235,948

2 , 461

600.859

928,649

232,065

89,64?

40,358

59,082

42,978

251,205

101,342

102,653

47,210

909,509

256,518239,481

17,037

1948 1949

' 2 , 82H , 3 42 2,985,639

854,803 859,2181 57 , 844 , 168,502

1 t28 4> . 4 5 4 ; 1,405,63618,331 21,434

1 4 1 , 1 3 3 1 57 , 957: 6S . 329 I 64,497i 14 7 ,5 13 15 1 ,38 4

153,935 1 5 7 , 0 1 2

1,795.225 1,888,915297,325 3 1 8 , 1 8 957M68 i 607,92?

1 4 , 91 0 16,064250,48? 2 6 1 , 1 0 2

3, 1 33 3,336

650,902

1,033,117

242,523

54,75426,47723,363

33,90845, S4 ?58,474

j

421,175

68,334

35,521

23,18424 7 J 7846,358

854,465

233,5562 1 8 , 7 1 1

14,845

682,29?

1 ,096,724

182,476

63,9431 3,44722,289

18,12524,9 1 839.753

317,875

30,857

28,004

19 ,15 21 9 1 , 2 5 448,60?

961,325

275,066257,069

17,997



B A N K I N C OM E

6.1 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70;

AND BY CLASS OF B ANK , 1970—Continued

(Income and expense i tems in thousands of dol lars; asse t and l iab i l i ty i tem s in m i l l i o n s of dollars)

I tem

R e v e n u e . . . . .I n t e r e s t an d d i v i d e n d s o n se c u r i t i e s :

U S G o v tOt h e r

Inte rest and d iscount on loansO t h e r c h a r g e s o n l o an sService charges on deposi t sOt h e r c h a r g e s fees et cT r u s t d e p a r t m e n tOt h e r c u r r e n t r eve n u e

ExpensesSalar ies— officers

Salar ies an d wages othersOfficer an d e m pl o y e e benef i t sD irec tors* fees, et cInte rest on t i m e d e po s i tsI n t e r e s t o n b o r r o w e d m o n e yN e t o c c u pan c y e xpe n seF u r n i t u r e and e q u i p m e n t . .Ot h e r c u r r e n t e xpe n ses

N et c u r r e n t e a r n i n g s b e fo r e income taxes

Recoveries , t r an s f e r s from reserves,a n d profi ts ... .

O n securi t ies:P r o f i t s on secur i t iesR e c o ve r i e s

T r a n s f e r s f rom rese rvesOn l o an s :R e c o v e r i e sT r an s f e r s f rom rese rves

A ll o t h e r

Losses, c harge-offs, and t ransfe rs toreserves

O n se c u r i t i e s :SoldG harge-of f s pr ior to saleT r an s f e r s to rese rves . .

O n l o a n s :Losses an d charge-of fsT r an s f e r s to rese rves

A ll other

Net inco me before re lated taxes

Taxes on ne t incomeFederal . . .

1950

3 264 686

865 063190 173

1 ,607,96726068

172 48970 754

170 51916 1 65 5

2 019 746344 777

655 151

17 449271 016

3 89 5

727 458

1,244,941

218 570

82 14912 789

3 6 7 9922 54 82696037 327

313,661

32,623

50933

14 2691 66 27249 565

1,149,850

369,060346 909

1951

3,668,715

831 920210,766

1,974,32528 670

186,87279 003

1 8 2 4 2 1174 737

2 231 946375 298

750 039

19,150305 536

9,077

772,847

1,436,769

148 624

51 88113,531

1 0 93 617 57725,62229076

338,857

72,103

28,418

13,5551800344 4 7 4 7

1,246,536

490,919465 480

1952

4 119 649

929 307214528

2,269,94435 936

197 7348 2 8 7 1

1 94 4301 7 4 9 0 1

2 501 091408 330

835 300

21 514364 503

19 825

851 619

1,618,558

125 008

29 04 79*954

19 6461 6 9 6 62 4 7 3 424 660

306,381

83,851

27040

15,652132 89 64 6 9 4 2

1,437,185

607,850578 682

1953

4 590 236

1 O i l 00 025 1 777

2 5 9 1 ,4 8 340 538

218 83192 324

20 7 21 8177 06 5

2 781 518447 142

924 348

23 714424 738

22 657

938 920

1,808,718

132 274

34 60 39 847

25 87723 15815 72923 060

383,477

139,880

48 299

20,4161 1 1 97662906

1,557,515

692,252660 206

1954

4 826 113

1 066 379'272'808

2662,16849 079

252,2661 02 484235 655185 274

2 99 8 535478 877

983 820

25,541493 649

7985

1 008,662

1,827,578

551,971

374 6101 1 ,709

43 14227 35354,55840599

479,263

58,549

118,857

17,771196 14087,946

1,900,286

804,18876 2 68 6

1955

5 342 589

1 118 10629 5 606

3,021,84361 36 2

274 024109 755266 992194 90 2

3 265 12651 1 73 6

1 059 667

27 189543 122

21 94 2

I 101 471

2,077,463

212 508

50 66818 31 7

37 54720 74147,72837 508

613,959

195,493

63,086

17,843265 632

71,904

1,676,013

690,770655 361

1956

6 078 173

1 100589307 846

3 662 48062685

31 0 16 5121 58 5309 105203 719

3 679 898553 292

1 1 8 1 9 0 6

29 16 1649 679

43 793

1 222 066

2,398,275

225 807

27 5261 2 5 7 8

39 74514 30973 27958 370

879,830

276,573

97001

21,851407 544

7 6 8 6 2

1,744,253

717,688677 206

1957

6 770 958

1 167 739339 451

4 136,11271 80 3

354 187136 55 8340 234224 875

4 222 375592 380

1 284 885

30856927 199

47 875

1 339 180

2,548,583

169 938

57 1628,190

19 345

1 4 0 3736,84834 357

655,063

206,908

78,269

15,675280 887

73,324

2,063,459

894,515848,679



BANK INCOME

6.1 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70;

AND BY CLASS O F BANK, 1970—Continued

( I n c o m e and expense i t e m s i n t h o u s a n d s of dol lars; asse t an d l iab i l i ty i tems in m i l l i o n s o f dol lars)

Item

R e v e n u eInte rest an d d i v i d e n d s on securi t ies:

U S G o v tOther . . . . . .

Inte rest an d d i sc o u n t o n loansOther charges o n l o an sService charges o n depositsOther charges, fees, et cT r u s t d e p a r t m e n tOt h e r c u r r e n t r e ve n u e

Expenses * ... . .

Salar ies officersSalar ies a n d wages -othersOfficer an d e m pl o y e e benefi tsD irectors* fees etcInte rest on t ime deposi t s . . . .Inte rest on borrowed moneyNet occupancy expenseF u r n i t u r e a n d e q u i p m e n tOt h e r c u r r e n t e xpen se s

N et c u r r e n t earn ings before income taxes

R ecoveries, t ransfe rs from reserves,an d profi ts

On securi t ies:Prof i t s on secur i t ies

R ecoveries , ,Transfe rs f rom rese rvesO n loans;

Recover iesTransfe rs f rom rese rves . ,

A J 1 other

Losses, charge-offs , and t ransfe rs toreserves

On se c u r i t i e s :SoldCharge-of f s p r i o r to saleT r an s f e r s to reserves

O n l o an s :Losses and charge-offs . . .T r an s f e r s to reserves

Al l o t h e rN et income before related taxes

Taxes o n n e t income . .

I • ' fl1958 1959 ; I960 1961 1962I i * <

7,126,594

1,266,176411,403

4,245,40480,902

388,500139,686364,360230,163

4,616,925

632,0811,349,170

32,4851,123,415

23,183

: : : :1,456,591

2,509,669

777,390

611 ,514

8,15754,261

15,84839,67947,93 1

681,456

74,869

253,282

15,109240,813

97,383

2,605,603

1,148,409

8,074,868

1,398,835444,652

4,925,84895,397

421,689149,399408,503230,545

5,139,614

680,0901,438,261

34,5861,279,719

75,898

8,927,868

1,414,361467,351

5,640,43889,469

463,666162,140442,083248,360

5,654,675

731,5081,557,204

36,8841,434,259

84,220

1,631,060

2,935,254

296,179

41,693

25,448106,235

13,892t 53,173| 55,738

1,199,926

666,514

157,997

15,382273,068

86,965

2,031,507

774,622

1,810,600

3,273,193'

503,710

283,991

10,33651,287

i 19,8831 66,545

71,668

847,465

195,526

142,435

22,813389,856

96,835

2,929,438

1,240,662

9,216,795

1,537,142513 ,410

5,773,42396,221

494,535164,256483,580154,228

6,073,550

778,4281,585,010330,584

38,8441.720,414

36,402423,592179,876980,400

3,143,245

627,393

402,424

7,13379,598

10,23047,23780,771

808,173

32,174\ 18,200

210,042

21,051417,095109,611

2,962,465

1,250,492

10,153,594

1,686,765629,130

6,319,741115,200532,409175,259529,701165,389

7,041,375

830,3001,671,111363,561

40,6922,358,132

62,542458,634217,703

1,038,700

3,112,219

396,291

216,336

4,37750,147

10,03551,85963,537

703,795

51,1699,230

84,632

16,825451,526

90,413

2,804,715

1,109,798

1963

11,169,491

1,725,561773,150

7,072,778127,034567,682180,270556,684166,332

7,930,985

892,5801,768,197393,150

43,2302,857,600

104,074500,550254,865

1,116,739

3,238,506

409,072

140,361

2,90256,705

10,551124,36174,192

737,728

42,9299,9 1 7

56,646

16,165516,448

95,623

2,909,850

1,078,789

1964

12,385,803

1,741,509911 ,252

7,970,810140,430607,193207, 1 8463 1 ,043196,382

8,894,583

968,4421 87 1 935420,078

45,8553,383,524

122,054549,756296,599

1,236,340

3,491,220

274,775

58,301

5,47353,978

10,36956,38590,269

845,272

79,7328,378

65,260

16,845551,796123,261

2,920,723

997,626

1965

13,841,782

1,686,4441,078,8709,127,320

167,776653,233223,910667,907236,322

10,206,320

1,047,3661 ,976,578448,318

48,6104,214,144

183,695598,174333,664

1,355,771

3,635,462

329,907

67,456

5,13390,954

10,52473,10582,735

982,477

70,0684,850

54,176

19,302723,997110,084

2,982,892

879,965



B A N K INCOME

6.1 MEMBER BANK INCOM E, EXPENSES, AND DIVIDENDS, 1941-70; AND BY CLASS OF BANK , 1970—

Continued

(Income and expense i tems in t h o u san d s of dollars; asset and liability items in millions of dollars)

Item

R e v e n u eInterest and d ividends on securities :

U. S . Go v tO t h e r ,

Interest and d iscounts on loansOther charges on loansService charges on depositsOther charges fees etcT r u s t d e pa r tm e n t . . . . .Other current revenue

ExpensesSalaries— Officers

Salaries and wages — OthersOfficer an d employee benefitsD irectors* fees, etc .Interest on time depositsInterest on borrowed money. . .N e t occupan cy expenseF u r n i t u r e a n d e q u i p m e n t .Other current expenses

N et current earnings before income taxes

Recoveries, transfers from reserves, an d profits . .On securi t ies :

Profi ts on securities . .RecoveriesTransfers from reserves . . .

On loans :

Recoveries. .. .Transfers from reservesAH other

Losses, charge-off s, an d t ransfers to reserves . . . .O n securities:

SoldCharge-offs pr ior to saleTransfers to reserves . . . .

On loans :Losses an d cha rge-offs . . .Transfe rs to reserves

Al l other

N et income before related taxes .

T axe s on net i ncomeFederalState

N et i ncome

1966

16,071,561

1, 702 , 0101 , 2 6 5 , 1 5 4

10 888,811197,255704 ,693265,378733,131315,129

11 941,1901 148,460

2 141 ,458507,19952,707

5 , 2 1 3 , 4 1 6293,884653,828369,420

1 560,818

4 130,371

284,223

50,0363,833

94 ,677

9,02145,19581 461

1,330,115

412 6345,780

67 240

17 912629,423197 126

3 084,479

875,644769 269106,375

2,208,835

1967

17,859,325

1 ,934 ,1171,561,149

1 1 , 889 , 290238 678756 876315 144796 052368,019

13 506 7141 258,581

2 389 628562 61456 774

6 091 355258 999708*705429 433

1 750 625

4 352 <j n

351,589

120 7672*745

59 356

8 28934 316

126 116

1,088,149

132 4145*385

63*977

15 152726*099145 122

3 616 051

1 007 186'865718

141 468

2 608 865

1968

20,818,930

2,207,8841 ,928 ,753

13,819 .900322,641803,261371,036879,559485,896

15,757,5601,395,341

2 , 7 0 1 , 6 0 3633,23461,947

s 7 ,1 0 8 ,0 5 6s 516,231

783,113505 626

5 2 052 ,419

5,061,360

261,068

73,5414,384

36 394

6 79350 ,82289 134

1,463,294

489 4728,397

44 891

13 26 1764,050143 223

3,859,134

1,054,075891 856162,219

2,805,059 Notes to data fo r 1941-68:1 Includes interest on capi ta l notes and debentures .



6.1 MEMBER BANK INCOME, EXPENSES AND DIVIDENDS, 1941-70; AND BY CLASS OF BANK, 1970—

Continued

(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)

Item

Operating i ncome — TotalLoans:

Interest and feesFederal f unds sold and securities purchased wi th resale

a gr e e me n tSecuri t ies— nterest and dividends:

1

U.S. Treasury securitiesOthe r U.S. Govt, securi t ies (agencies a n d c o r po r a t io n s) . . .Obligations of States and polit ical subdivisionsA ll other securit ies

Trust department incomeService charges on deposit accounts .

Other charges, fees etc.O t h er operating income:On trading account (net)Other

Operating expenses — TotalSalaries a nd wages of officers a n d e mpl o ye e sOfficer an d employee benefitsInterest paid on-

Time and savings deposits . . . .Federal funds purchased a nd securities sold with repur-

chase agreement. . .Other borrowed moneyC api t a l notes an d debentures

Occupancy expense of bank premises (net) . . Furniture, equipment, etc. Provision for loan lossesOther operating expenses

I ncome before income taxes an d securities gains or lossesAppli cab le income taxesIncome before securities gains or losses. . . . . .Ne t securities gains o r tosses ( — ) a f t er taxes .Ext r a o r d in a r y charges ( — ) or credits a f t er taxes . . . . . . . . . .Less minori ty interest i n cons ol i da t ed sub s ida r i es

N et i ncome

Ca sh dividends declared o n—Common stock . .Preferred stock

M e m o r a n d a items:Income taxes applicable to current year's operating income. .Tax effect of=

Ne t securitie s gains o r losses (— ) e*cTrans f ers — Capital accounts to IRS l o a n loss reserve

3 . .

Total provision or income tuxes or year . .... .........FederalState and local . . .

1969

24,991,233

17,104,055

649,369

2,040,893321,988

1,794,295105,832972,07183 5, 297

556 , 87 8137,341473,214

19,524,6104,689,651

748,726

a 7, 059, 19 1

1 , 17 7 , 1272 5 6 1 , 7 6 7

89,024866,829615,146380,912

'^3,336,239

5,466,6221 , 8 1 3 , 1 6 63,653,456-209,055

5,47647

3,449,829

1,516,8436,551

1,813,166

- - 254 , 281-335,6011,223,2841,032,705

190,579

1970, by class of bank

1 A ll

member

27,912,709

18,705,755

781,019

2,208,170414,669

2,090,268118,424

1,074,623867,561

681 , 195345,858625,167

22,192,7185,282,031

875,504

8 , 1 3 8 , 7 8 6

1,365,450443,99390,215

1,012,544722,02453 4, 283

3,727,889

5,719,9911,775,3733,944,618= 107,061-14,904

38

3,822,613

1,747,8846,158

1 , 7 7 5, 3 7 3

140,124= 155,2881,479,9611 , 2 7 2 , 1 9 5

207,765

Reserve city

Total

16,795,569

11,557,260

426,056

1,031,323121,714

1,096,08775,648

836,978398,302

437,581332,472482,149

13,396,4303,079,929

540,596

4,368,621

1,234,5644 1 2 , 7 1 768,361

597,079390,883310,645

2,393,037

3,399,1401 , 1 3 1 , 7 9 82,267,342-100,531= 19,399

-2

2,147,413

1,156,7765,273

1,131,798

-124,937-112,390

894.469742,258152 , 211

New YorkCity

5,115,670

3,522,705

93,744

278,77736,273

295,80726,424

336,38466,141

105, 23 8159,586194,592

4,050,936905,389175,339

995,439

397,947227,89625,897

195,22889,7888 1 , 6 8 5

956,329

1,064,734 370,085694,649

-55,2912,991

642,347

420,4392,931

370,085

-60,324-57,719252,042185,29466,747

City ofChicago

1,229,997

817,190

31,274

81,4577,767

79,6305,650

79,2205,891

20,012

22,98678,920

960,724180,68437,956

288,472

137,46834,6002,115

40,5132 1 , 4 1 829,540

187,958

269,27391,738

177,535-13,398-2,271

161,864

87,701

91,738

-15,850-6,25869,62967,4282,201

Other

10,449,903

7,217,366

301,038

671,08977,674

720,6514 3 , 5 7 4

421,3743 26, 27 0

312,331149,900208,637 |

8,384,7701 , 9 9 3 , 8 5 5

327,301

3,084,710

699,150150,22140,348

361,338279,677199,420

1,248,750

2,065,133669,975

1,395,159= 31,840-20,117

-2

1,343,202

648,6362,341

669,975

-48,761-48,413572, 799489,536

83,263

Country

11,117,140

7,148,496

354,963

1,176,847292,955994,18142,776

237,645469,260

243,615

13,386143,017

8,796,2892,202,102

334,908

3,770,165

130,88631,27621,854

415,465331,142223,639

1,334,852

2,320,851643,576

1,677,275

-6,5294,495

41

1,675,200

591,108885

643,576

-15,186-42,898585,491529,937

55,554

I



CMOJ

Me mo r a n da i tems (cont.):Occupancy expense of bank premises (gross)

R e n t a l income from bank premises .Ne t securities gains o r losses (— ) before income taxesExt r a o r d in a r y charges ( — ) or credi t s before income taxes. .

Reserves for losses on loans:4

Balance at beginning of yearAddi t i ons due to

mergers and

absorptionsRecoveries credited to reservesTransfers to reserves . . . . . .Losses charged to reservesTransfers from reserves . .Balance at end o f year

Ne t loan losses ( — ) or recoveries5

Reserves on sscurities:Balance a t beginning of year

Additions due to mergers and absorptionsRecoveries credited to reservesTrans f ers to reserves . ,Losses charged to reservesTransfers from reserves

Balance at end of year . . . . .

Total net change in capital acconutsNe t income transferred t o undivided profi ts . .Common stock sold (net)Preferred stock, capital notes, and debentures soldP r e mium received on new capital stock soldTransfers from loan an d securities reserves

Other increasesD iv ide n ds declared . .Transfers to loan an d securities reserves (net of tax effect) .Other decreases

Assets, deposits, an d capi tal accounts:Loans gross (includes Federal f unds sold an d resale pur-

chases)U.S. Treasury securities

1

Other U.S. Govt. securities (agencies and corporations)1 . .

Obligations of States a nd poli t ical subdivisions1

Al l other securities1

Cash assets6

Total assets7 . . .

Time and savings depositsTotal depositsE qui t y capital plus total reserves

6 . . .Total capital accounts p lus total reserves

6

N u m b e r o f officers an d employeesN u m b e r of banks

8.

1 , 092 , 149225 , 320

-460,2412,381

4 463 75014,964

167 701I 057,541

544,25328 196

5,131,508— 380 152

166 238973

1,10436 663

5,97869 586

129,414

2,193,9223,449,829

75 350197,004165,43997,813

602,7351 , 523 , 394380,245490 607

238 91838 4905,421

46,3621,737

78,824429 152154 ,571348 05334,92136,689

703 , 9645 869

1,275,57026 3 02 5

-224,623-37,466

5 099 20628,128

205 283875 640

1,002,87320 224

5,185,160—801 529

128 208668759

21 7671 835

18 632130 935

2 300 1753,822 613

48 039142 992129,43238,856

414,5871 754 042

208,184334 117

246 10939 2566,324

49,3481 877

78,691443 020163,610360 72136,5923 8, 3 93

738,1125 767

7 81 , 413184,334

-203,644-41,225

3,385 85113,740

103 544533,964626,408

7,1143,403,578-522 863

64 603

1188 442

413H 71861 , 031

994 0542,147,413

1 15195 87130,81918,832

146,2801 162 049119,370164 893

150 39818 0031,878

25,3391 144

54,65226 7 905

82 993207 615

21 83623,248

399 034178

231,60036 371

-117,1144,488

/ 248 31 65 541

26 373186 742209 932

101 257 030— 183 558

738

43430 4

176 326642 347

1 958

444

31 907423 371

47,33829 620

46 7824 643

5286,155

34922 37887 60117 41963 3947 1137,639

101 00812

62,45421 941

-26,931-4,589

290 709

8 34743 43050,462

1 21 0290 815

—42 114

7 051

838

9236 966

66 859161,864

49

852,133

17,52887 7018,470

18 629

10 9911 362

971,830

952,833

18 7035,315

13 8571 8161,856

22,0859

487,360126 022

-59,596-41,123

/ 846 8268,200

68 824303,791366,014

5 8941,855,734—297 189

56 813

1187 604

41310 36153, 761

750 8681 , 343 , 202

1 10293,91330,73416,255

96,845650 97863,562

116 643

92 62511 997

1)2 5317,353

69929,441

161,60160,259

130 36412,90713,752

275,941157

494,15678 691

-20,9783,759

1 713 355

14 833101 294341 677376 466

13 1101 78 1 582—278 66 6

63 60666 8642

13 3251 4226 914

69 903

1 306 1221,675, 200

46 88847,12098,61320,024

268 , 308591 99388,814

169 224

95 71121,2534,446

24,009734

24,039175,11480,617

153,10614,75615,146

339,0785,589

Notes to data for 1969 and 1970:1 Excluding trading-accou nt securities.2 A relat ively few banks in 1969 incorrectly reported

a total of $101 million, representing interest on Euro-do l l a r borrowings, in the item "interest on time de-posits." The latter, as orginally published in the Fed-eral Reserve Bulletin has been reduced by that amount,and "interest on other borrowed money" and "otheroperating expenses" have been increased by SI 1.7mill ion and $89.1 million, respectively.

3 Prior to 1969 transfers to IRS reserve for bad

debt losses^on loans were deducted from operating in -come; beginning in 1969, within prescribed limits,banks have been permitted to deduct all or part of the

t rans f ers to this reserve from income and to treat t heba l a n c e , i f any, as a transfer from capital accounts.(These transfers are exempt from Federal incometaxes.)

4 Includes reserve for bad debt losses and other re-serves on loans.

5 Sum of the expense item "provision for loan

losses" for banks not on a reserve-accounting methodand the excess of losses charged against reserve forlosses on loans over recoveries credited to these re-serves for banks on a r e se r ve -a c c o un t in g method.

6 Cash assets comprise cash, balances with otherbanks (including reserve balances), and cash items inprocess of collection. Equity capital and reserves in-

clude common and preferred stock, surplus, undividedprofi ts plus reserves fo r contingencies, other capitalreserves, and reserves on loans and securities. Totalcapital accounts in c l ude equity capital and capitalnotes and debentures.

7 Including trading-account securities.8 Figures exclude one member bank located outside

the continental United States. In 1969, also excludesone trust company w ithout deposits.

NO TE . — Dat a for assets and liabilities are averagesfo r various dates as described in the text. Figures maynot add to totals because of rounding. Data for num-bers of officers, employees, an d banks are for end ofyear.



B A N K INCOME

6.2 MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS OF BANK , 1970

(Computed f rom aggregate dol lar amounts)

Item

S u m m a r y r a t i o s :Percentage of total capital accounts:

N e t c u r r e n t e a r n i n g s before income taxesNet income before re lated taxes

Cash d i v i d e n d s dec lared

Percentage of total assets:T o t a l o pe r a t i n g r e ve n u eN e t c u r r e n t e a r n i n g s be f o re i n c o m e t axe sN e t i n c o m e .

Sources an d d i spos i t i on of i n c o m e :Percentage of total operating revenue:

Inte rest a n d d i v i d e n d s o n ;U S G o v t s e c u r i t i e s

R e v e n u e on l o an s • , . . , .Service charges on deposi t acco unts . .

Total r e v e n u e . ,

Sa l a r i es and wages

I n t e r e s t on t ime deposi t s .N et occupancy expense

Total e xpe n se s .

N e t c u r r e n t e a r n i n g s b e f o re i n c o m e t axe s . . .

Net losses i n c l u d i n g t ran sfe rs (or recover ies

Taxes on n e t i n c o m eN e t i n c o m e a f t e r taxes

R a t e s of re turn (per cent) on secur i t ies a nd loans:Return on securities:

I n t e r e s t o n U . S . Govt. se c u r i t i e s . .Inte rest and d i v i d e n d s on other secur i t iesNet losses (or recoveries and prof i t s +)

1

Return on loans:R e v e n u e o n l o a n s

Net losses (or recover ies +}D i s t r ib u t i o n o f assets:

Pe r cent age of total assets :U S Go v t se c u r i t ie s . . . . . . .

11941

7.46.76.73. 6

2.1866.60

) 3L4 i

47.04.6

17.0

100.0

30.0

9 9

29.8

69.7

30.3

2. 8

27.5

\ 1.88

+.23

3.98

.1 5

27 3

1942

8.17.56. 43.4

2.05,67.5 3

36.3

43.64.6

15.5

100.0

31.0

8.6

27.8

67.4

32.6

2. 34. 5

25.8

1.73

+.02

3.77

.05

35.0

1943

9.710.78.83.3

1.75.6 5.5 9

46.4

34.14.6

14.9

100.0

29,5

Vis

26.6

63,0

37.0

+ 3.87,0

33.8

1.43

+.14

3.47

+.06

51.1

1944

11.112.49 .73.4

1.72.69.60

51.2

30.14.6

14.1

100.0

28,0

7.7

24.4

60.1

39.9

+4 .69.8

34.7

1.47

+.16

3.19

+,07

55.4

1945

11.514.610.93.4

1.68.6 7.63

1 47.41 6.6

28.04. 2

13.8

100.0

27.6

8, 7

24.6

60.3

39.7

+ 10.712.937.5

I 1.39'; 2.50

4-.30

2.97

+.05

57.4

1946

11.913.39 .63.4

1.82.71.57

43.96.1

32.24. 1

13.7

100.0

29.1

8.8

23.2

61 .1

38.9

+4.511.931.5

1.482.31

+,16

3.18

+.01

53.8

1947

11.211.0

7 , 93 . 4 ;

2.01.7 2.5 1

35.75. 8

40.54.6

13.4 i

100.0

30.9

9 ,2

23.9

64.0

36.0

.710.025.3

1.532,14

+.04

3.55

.1 5

46.9

1948

12.09.97. 23.4

2.17,7 9.47

30.25.6

46,25.0

13.0

100.0

31.0

8. 9

23.6

63.5

36.5

6. 38.2

22.0

1.562 .14+ B

3.82

.06

42.0

1949

12.210.77,63.5

2.31,8 5.5 3

28,85.6

47,85.3

12.5

100.0

31.0

8,8

23.5

63.3

36,7

4.59.2

23.0

1.582.15

+ 07

4.04

.1 2

42.0



BANK INCOME

6.2 MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS OF BANK, 1970—Continued

(Computed f rom aggregate dol lar amounts)

Item

S u m m ar y ra t ios :Percentage of total capital accounts;

Net curr ent earn ings before income taxesN et income before re lated taxes . . .N et i n c o m e ... . . . .Cash d i v i d e n d s d e c la r e d

Percentage of total assets:T o t a l o pe r a t i n g r e ve n u eN e t c u r r e n t e a r n i n g s b e f o r e i n c o m e t axe sN e t i n c o m e

Sources an d disposition o f i n c o m e :Percentage of total operating revenue:

I n t e r es t an d d i v i d e n d s o n :

U S G o v t. secur i t i esOther secur i t iesR e v e n u e o n l o an sService charges on deposi t accountsA ll o t he r r e ve n u e

T o t a l r e ve n u e

Salar ies and wages . . . . . .Officer a n d employee benef i t sInte rest o n t ime deposi t s . .Net occupancy expenseOther current expenses . . . . . .

T o t a l expenses . . . . . . .

Net curr ent earnin gs before income taxesNet losses in c lud in g t ran sfe rs (or recover ies and

prof i t s +) . . . . . . .T a x e s on ne t incomeN et income after taxes . .

R a t e s of r e t u r n (per cent) on secur i t ies an d loans:Return on securities:

I n t e re s t o n U S G o v t secur i t i esIn teres t and d ivid ends on other secur i t iesN et losses (o r recover ies an d prof i t s +)

1

Return on loans:R evenu e on loans . . .Net losses (or recoveries +)

1 •

D is t r ibu t ion of assets:Percentage of total assets:

U S G ovt secur i t ies . . .Other securities

1950

13.212 2

8 33.7

2 4292

.5 7

26 55 850 15.3

12 3

100 0

30.6

8 3

23 0

61 9

38.1

291 1 323 9

1 571.64

+ .09

4 17.05

40.77. 0

1951

14.412 5

7 63.7

2 561 00

.5 3

22.75 7546

5. 11 1 9

1 0 0 0

30 7

8 3

21 8

60 8

39.2

5 213 420 6

1 6 61.72.0 3

4 26.06

35 07. 4

1952

15.413 7793. 7

2 711 06

.5 5

22.55 7560

4. 81 1 0

100 0

30.2

8 8

21 7

60 7

39.3

4. 414 820 I

1 7 92.03

.1 0

4 51.0 5

34.17. 6

1953

16.414 1

7 83.8

2 931 1 5

.5 5

22.05 557.3

4. 81 0 4

100 0

29.9

9 .3

21 4

60 6

39.4

5. 415 118 9

1 982 . 1 1

.2 0

4.69.08

32.67.6

1954

15.616 29 .33.9

2 961 1 2

.6 7

22.15 756.2

5 .2108

1 0 0 0

30.3

10.2

21 .6

62.1

37.9

+ 1.51 6 722 .7

1.962 . 1 2

+ .47

4 .7 1.05

33.47. 9

1955

16.613 4794.0

3 131 22

.5 8

20.95 657 .7

5. 110 7

100 0

29.4

10 2

21 .5

61 1

38.9

7. 513 018.4

2 092 . 1 3

.2 8

4.77.0 6

31.38.

1956

18.11 3 1

7. 74. 1

3 471,37

.5 9

18.15 I6 1 . 3

5. 110.4

100 0

28.5

10.7

2 1 . 3

60.5

39.5

10.81 1 816.9

2 312.29

.5 3

5.02. 11

27.27. 7

1957

18,11 4 68. 34. 3

3 771 42

.6 5

17.35 062. 1

5. 21 0 4

1 0 0 0

27.7

13.7

21 0

62.4

37.6

7. 113 217.3

2 .532.50

.3 5

5.32.0 7

25 .77. 6



B A N K I N C OM E6.2 MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS O F BANK, 1970— Continued

( C o m p u t e d f r o m a g g r e g a t e d o l l a r amounts)

I t em

S u m m a r y ratios:Percentage of total capital accounts:

Net c u r r e n t e a r n i n g s b e f o r e i n c o m e t a x e s . . N e t i n c o m e b e f o r e r e l a t e d t a x e sN e t i n c o m eCash d i v i d e n d s dec la red

Percentage of total assets:Total o p e r a t i n g r e v e n u e . .N e t c u r r e n t e a r n i n g s b e f o r e i n c o m e t a x e sNet i n c o m e .

Sources a nd d i s p o s i t i o n o f i n c o m e :Percentage of total operating revenue:

I n t e r e s t a n d d i v i d e n d s o n :

U S G o v t s e c u r i t i e sO t h e r se c u r i t ie sR e v e n u e on loattsServ i ce cha rges o n d e p o s i t a c c o u n t s

Total r e v e n u e

Sa la r i es and wages .Officer and e m p l o y e e b e n e f i t s . . .I n t e r e s t o n t i m e d e p o s i t s . .N e t o c c u p a n c y e x p e n s eO t h e r c u r r e n t e x p e n s e s

N e t c u r r e n t e a r n i n g s b e f o r e i n c o m e t a x e s

N e t losses i n c l u d i n g t r a n s f e r s ( o r r e c o v e r i e s a n dp r o f i t s - f - - )

T a x e s o n n e t i n c o m e . .N e t i n c o m e a f t e r t a x e s

Rates o f r e t urn (per cent ) o n s e c u r i t i e s a n d l o a n s :Return on securities:

I n t e r es t on U S G o v t s e c u r i t i e s .I n t e r e s t and d i v i d e n d s on o t h e r s e c u r i t i e s . . . .N et losses (or r ecover i es and p r o f i t s +•)''

Return on loans:R e v e n u e o n l o a n s . ,Net losses (or recoveries -f-)

1

D i s t r i b u t i o n of assets:Percentage of total assets:

U S G o v t s e c u r i t i e s

1958

16 617.39 74 3

i

3 751.32

.7 7

17 85. 860 7

5 4 <

10.3 *

100 0

27.8

15.8

21 2

64.8

35.2

+ 1.316.1 "20.4

2 4 52.62

- f - 7 9

5.35.06

27.2 '

1959

18 512.8794 3

40 81.48.6 4

17.35. 56 2 2

5. 29. 8

100.0

26.2

15.8

21.6

63.6

36.4

11.29.6

15.6

2.792.701.19

5.65.0 4

25 .38. 3

1960

19.517.41004. 4

4.421.62

.8 4 1

15.85. 264.2

5. 29. 6 i

1 00.0 '

25.6

16.1

21.6

63.3

36.7

3. 91 3.9

s 18.9

3.102.92

+ .1 2 •

5 .93.1 8

22.6 7 . 9

1961

17.516.59 64. 4

4.281.46.80

16.75. 663.7

5. 38.7

100.0

25.63. 6

18.74. 6

13.4

65.9

34.1

2. 0I3 . S18.6

3.052.91

4-J2

5.84.1 6

23.4§.2

1962

16.314.78 94. 4

4.381.34.7 3

16.66. 263.4

5. 28. 6

100.0

24.63. 6

23.24,5

13.4

69.3

30.7

3. 011 . 036.7

3.222.95

-K21

5.93.1 2

22.69.2

1963

1 6 01 4 49 04 ^

44 4I 29

.7 3

15.46. 964 5

5. 18. 1

100.0

23.83. 5

25.64 5

13.6

7 1 .0

29.0

2. 99. 7

16.4

3.382.94

4 . 1 1

5.87.1 6

20.310.4

1 96 4

1 5 9n 38 84 4

4 561.29

.7 1

K.I7 16^ S4.98.?,

100.0

22.9^ .4

27.344

13.8

7 1 .8

28.2

4.68. 1

15.5

3.633.01

.08

5.88. 3 4

17.71 1 . 2

1965

H t1 2 4

8 74 4

46 21 21.70

12 27,867 24 78. 1

1 00 0

21.9V 2

30.44 1

13.9

73.7

26 .3

4. 76. 4

15.2

3.693.11

,02

5.85.1 6

15.31 1 . 6



BANK INCOME


( Co mp ut e d f r o m aggregate dollar a mo un t s )

I tem


N e t c u r re n t e a r n i n gs be f o re in c o me t a x e s . . . . . .N et income before related taxes

N e t incomeCash dividends declared

Percentage of total assets:Total opera t ing revenueNet cur ren t earn ings before income taxesN et income

Sources an d disposition o f i n c o me :Percentage of total operating revenue:

I n t e r e st a n d d i v i d e n d s o n :U .S. G ovt . secur i tiesOther secur i t ies

R evenue on loansServ ice charges on dep os i t accountsA ll o t he r r e v e nue

T o t a l r e v e n ue

Salar ies and wagesOfficer an d e mp l o y e e benefi tsInterest o n time depositsNet occupancy expenseOther cur ren t expenses

Total expenses

N et cu r ren t earn ing s before income t axe s . . . .

Net losses incl ud ing tran sfers (or recoveries andprof i t s +)

Taxes on net incomeN et i n c o me a f t er taxes

R a t e s of re tu rn (per cen t) o n secur i t ies an d loans :Return on securities:

In teres t on U .S. Gov t . secur i t iesIn teres t a n d d i v i d e n d s o n o ther secur i t iesNet losses (or recoveries and profi ts 4- )1

Return on loans:R e v e n u e on loansN et losses (o r recover ies +1

. . .

D is t r ibu t ion o f assets :Percentage of total assets :U .S. G ovt . secur i t iesOther securitiesL o a n s .

1966

1 6 . 11 2 . 08.64. 5

4 . 9 71 . 2 8

.6 8

10.67.9

6 8 . 94. 48.2

100 0

2 0 . 43.2

32.44.1

1 4 . 2

7 4 . 3

2 5 . 7

6.55 5

1 3 . 7

4 . 0 23 . 2 9

. 5 2

6 . 2 419

13 111 954.9

1967

16 01 3 . 39. 64. 6

5 . 0 91 . 2 4

.74

10.88.8

67 .94. 28.3

100.0

2 0 . 4

3 4 . 14. 0

14.0

7 5 . 6

2 4 . 4

4 . 15.7

1 4 . 6

4 . 4 83 .49

.04

6 .3919

1 2 . 312 75 4 . 1

1968

17.41 3 . 3

9 64.8

5 . 3 61 . 3 0

.7 2

10.69. 3

67 .93.98 3

100 0

19.73 0

3 4 . 13.8

1 5 . 1

75 7

2 4 . 3

5.85 0

13.5

4 . 7 93 . 6 7

46

6 . 8 116

1 1 913 553 4




(Computed f r o m aggregate dollar a mou n t s )

oooo

I tem

S u m m a r y ratios:Percentage 0} equity capital plus all reserves:

Income afte r taxes and before securit ies gains ( tosses)1

N e t i n c o m e . . . .Ca sh d iv ide n ds pa i d . .

Percentage of net income:Cash d iv ide n ds pa id

Sources and disposition of income:Percentage of total assets:

Total o pe r a t in g e xpe n se sSalaries, wages, and f r in g e benefi ts . . . . . . .Interest on t ime a nd sa v in e s de po s i t s

Occupancy expense of b a n k premises (net)Al l other operating expensesT o t a l o pe r a t in g in c o meIn c o me a f t er taxes and before securit ies ga i ns (losses)1

N e t in c o me

Percentage of total operating income:Interest , fees, a n d o the r l o a n income2

Securit ies— nterest and di v i dends :;J

U.S. Treasury securit iesO t h e r U.S. G o vt . se c ur i t i e s ( a ge n c ie s a n d c o r po r a t io n s) . . .Obligations of States and po l i t ica l subd iv i s io n s . . .Al l o the r se c ur i t ie s

Service charges on deposit accounts , . . .T r u s t d e p a r t m e n t i n c o m e . . . . . .A ll o the r o pe r a t in g in c o me

T o t a l o p e r a t i n g n c o m e

Salaries and wagesOfficer a n d e mpl o ye e be ne f i t s . .Interest on—

T i m e a n d s av i nos de po s i t s . . . . . .B o r r o we d mo n e yC api t a l n o te s a n d d e b e n t u r e s , . . .

Oc c upa n c y e xpe n se o f ba n k p r e mise s (net ) . . . . . . . .P r o vi s io n fo r loan losses .Al l o the r o pe r a t in g e xpe n ses

T o t a l o pe r a t in g e xpe n ses .

I n c o m e before taxes a n d se c ur i t i e s ga in s (losses). .. . . . . . . .income after taxes and before securit ies gains (losses) . . . . . . . .Net securit ies gains or losses ( — ) , after taxesAH o the r in c o me (net ) .. . .

N e t in c o me . . . „ . . . . . . . . „ . „ „ . . „ . . „ .. .

1969

10 . 469.884 . 3 6

44.16

4.551 . 271 . 8 4

.201 . 2 45 . 8 2

.8 5

.80

7 1 . 0 4

8 . 1 71 . 2 97 . 1 8

.4 23.343 . 8 94.67

100.0

1 8 . 7 73 . 0 0

4 2 H . 2 44 6 . 9 6

.3 63 . 4 71 . 5 2

4 15 . 8 1

7 8 . 1 3

21. 871 4 , 6 2-.84

.0 2

13 . 80

1970, by class o f b a n k

Al l

m e m b e r

10.7510 . 4 44 . 79

45.88

5 . 0 01.381.84

.2 21 . 5 66 . 3 0

.88

.86

6 9 . 8 1

7 . 9 11 . 4 87 . 4 8

.423 . 1 03 . 8 45 . 9 6

100.0

18 . 923 . 1 3

2 9 . 3 36 . 4 8

.3 23.621 . 9 1

1 5 . 8 0

7 9 . 5 1

20.491 4 . 1 3-.39~.G5

13.69

Re se r ve c i ty

N ewY o r kCity

9.769 . 0 35 . 9 5

65.90

4 . 6 21 . 231 . 19

.221. 985 . 8 3

.79

.73

70.6 9

5 . 4 4.7 0

5 . 7 8.5 1

1. 2 96.579.02

10 0 . 0

1 7 . 6 93 . 4 2

2 0 . 4 41 2 . 2 3

.503 . 8 11. 59

19 . 51

79.19

20. §11 3 . 5 7

-1.07,05

12 . 55

City ofChi-cago

9 . 7 78 . 914 . 8 2

5 4 . 1 8

5 . 1 31 . 1 61 . 5 4

.212 . 2 26 . 57

.94

.86

6 8 . 9 8

6 . 6 2.63

6 . 4 7.45.4 7

6 449 , 9 4

100.0

14 . 6 83 . 0 8

2 3 . 4 513 . 98

.1 73 . 2 92 . 4 0

1 7 . 0 6

78 . 11

2 1 . 8 914 . 4 3

-1.10— .18

1 3 . 1 5

O t h e r

10.8010.40

5 . 0 4

48.46

5 . 1 81 . 4 31 . 9 0

.221 . 6 36 . 4 6

.86

.83

7 1 . 9 4

6 . 4 2.7 4

6.89.4 1

3 . 1 24.036 . 4 5

100.0

19 . 0 83 . 1 3

29.58 . 1 2

.383.451. 90

14 . 67

8 0 . 2 4

19 . 761 3 . 3 5-.31-.19

12 . 85

C o u n -try

1 1 . 3 111.354 . 0 1

3 5. 3 3

5 . 0 21. 4 42 . 1 5

.231. 2 06 . 3 4

.95

.95

6 7 . 4 9

10 . 582.638 . 94

.384 . 2 22 . 1 33 . 6 3

10 0 . 0

19 . 8 03 . 0 1

3 3 . 9 11. 4 5

.1 93 . 732 . 0 1

1 5 . 0 3

7 9 . 1 3

20. §715.08-.06

.04

15. 06

w

o

W



R at es of re t u rn (per cent ) on—Securities— nterest and dividends:'**

U. S . T reas ury s ecur i t iesO t h er U . S . G ov t . s ecur i t ies (agencies and corporations ....O bli ga t i ons of States and poli t ical subdivisionsAH other securi t ies

Loans : 2

I n t eres t , f ees , and o t h er loan i ncomeNe t loan losses ( — ) or recoveries

5

R at i os on selected types of assets:Percentage of total assets;

Securities:3

U. S . T reas ury s ecur i t i es. . . . .O t h er U . S . Gov t . s ecur i t ies (agencies a n d c o r po r a t io n s) . . .O bli ga t i ons of St a t es an d po l i t ica l s ubdi v i s i onsAH o t h er securities

Gross loans2 . .

Cash assetsReal estate assets

Percentage of gross loans:'2

C ommerci a l and in du s t r ia l loansL o a n s to f a r m e r sR ea l es t a t e loans . . .L o a n s t o i n d i v i d u a l s f o r p e r s o n a l e x p e n d i t u r e sAl l o t h er loans

2

Other rat ios (per cent):I n t eres t on t i me and s av i ngs depos i t s t o t i me and s av i ngs

deposi tsI ncome t axes t o net i ncome p lu s i n c o m e t a x e sT i me and s av i ngs depos i t s t o t o t a l depos i t sTot a l capi t a l account s an d reserves to t o t a l assets

6

Nu m b er o f b a n k s7

5 305 . 9 43 876 09

7 43- . 16

8 971 . 2 6

10 80'40

55 6718 37

1 55

39 562 62

22 132 0 . 0 615 63

4 4 4726 1844 . 41

8 . 5 5

5,869

5 626 . 5 54 236 30

7 91-.32

8 861. 4 2

11 1342

55 5517 76

I 63

39 172 62

21 '801 9 . 9 016 51

4 9827 914 5 . 3 5

8 . 6 6

5,767

6 006 . 8 74 807 56

7 73-.39

5 30.601

7 02|,39

53 4025 54

99

58 4703

8 158 . 0 3

25 32

5 7128 182 7 . 4 7

8 . 7 2

12

5 977.964 355 93

7 71- . 38

7 28.5 2

9 7850

58 7615 14

1 64

59 3841

7 678,54

24 00

5 4230 073 8 . 3 5

9 . 9 2

9

5 596.194 156 22

8 1 1-.32

7 42.77

10 7343

57 3118 21

1 79

40 96t 54

2 261 8 . 7 317 51

5 1129 894 6 . 2 2

8 . 5 1

157

5 536 . 5 84 145 83

7 83-.28

12 132 . 5 3

13 7141

54 6513 72

1 79

25 685 i8

30 632 8 . 1 410 37

4 6725 895 2 . 6 5

8 . 6 4

5,589

Notes to data for 1969 and 1970:1 E xcludes mi nor i t y i n t erest i n o p e r a t i n g i nc o m e , i f a n y .

3 Loans i nc lude F edera l f un ds s o ld an d s ecu r i t i es pur-

ch as ed under ag reem ent s t o res e l l.3 E xcludes t rad i ng-acc ount secur i t i es .

4 D i f fe r s f ro m t h e f i gure or i g i na l ly pub l i s h ed i n t h e F ed-

era l R es erv e Bulletin. R ef lec t s th e a d j u s t m e n t in the data re -ferred to in note 2 to Table 6.1.

5 Net losses on loans are the sum of the expens e i t em " pro-

vision f or loan losses" f or banks not on a res erv e -accoun t i ngmet h od plus th e excess of losses ch arged aga i ns t reserves forlosses o n loans ov er recov er i es t h a t h ad been credi t ed to theseres erv es f or ban ks on a res erv e-acc ount i ng met h od.

6 I nc lu des capi t a l not es an d d e b e n t u r e s a n d a l l v a l u a t i o n

reserves .7 E xcludes one m e m b e r b a n k located outsi de the continen-

tal U ni t ed S ta t es . In 1969 also e x c l u d e s on e t r u s t c o m p a n yw i t h o u t deposi ts .

w



BANK INCOME

6.3 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY CLASS OF B A N K ,1945, 1955, AND 1965—Continued

( Income an d e xpe n se i t e m s i n t h o u san d s of do l la r s ; asset an d l iab i l i ty i tems i n mi l l ions of dol lars)

R e s e r v e city

New YorkCity

City ofChicago Other

C o u n t r yItem

1965

2,295,580

180,019204,142

1,544,00118,67446,689

32,807195,12174,127

1,607,259112,608328,008

92,4081,907

712,67363,457

107,01933,550

155,629

688,321

33,838

7,270129

16,668

78 86,1542,829

216,500

5,1715

1,086

74201,022

9 ,142

576,159

60,13752,385

379,0632,9344,0777,016

52,29918,248

400,81829,41170,14019,770

53 2191,590

17,38717,38111,27243,335

175,341

29,474

6,56894

11,675

4,4296,708

39,730

3,802

7,008

23,4495,471

5,239 591

549,243374 306

3,529,86886,198

260 53389000

266,4208 4 0 2 3

3,871,058358 316780,2651 6 2 94 7

7,0101 632 455

80,172218,517131 06 8500,308

1,368,533

136,916

22,1763 0 9 1

' 36,464

72 541 93132,529

361,176

29 081483

28 300

176260,330

42 806

5,730,452

897,045448 037

3,674,38859,970

341 934

9 5 0 8 7154,06759 924

4,327,185547 03 1798,165173 193

39,1611 677 426

22,679255,257157 774656,499

1,403,267

129,679

31,4421 819

26,147

9 ,01120 5914 0 6 6 9

365,071

32 0144 3 6 2

17 782

19 052239 196

52 665

R e v e n u eInte rest an d d i v i d e n d s o n se c u r i t i e s :

U . S . G o v tOt h e r

. . . Interest and d i s c o u n t on loans

Service charges on deposi t s

. . ,

Other charges fees etc

T r u s t d e pa r t m e n t* Other current revenue

Expenses. . . . . . Salaries— officers

Salar ies an d wages— o thersOfficer an d e m pl o y e e benef i t sDirectors' fees etc.In teres t on t ime deposi t s

, . . . . Interest on b o r r o w e d m o n e yNet occupancy expenseF u r n i t u r e a n d e q u i p m e n tOther current expenses

Net current earnings before income taxes

Recoveries , t ransfe rs from reserves,

O n securities:Profi ts on secur i t ies

. R e c o ve r i e sTransfe rs f rom rese rves

O n l o an s :R e c o ve r i e sTransfe rs f rom rese rves

A ll other

Losses, charge-offs, an d t r an s f e r s t oreserves

On securi t ies:Sold

. . . Charge-of fs pr ior to sale

T r an s f e r s to reservesO n l o an s :Losses an d charge-offsTransfe rs to reserves

A ll other



BANK I N CO M E

6.4 MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965

(Comput ed f rom aggrega t e dol la r amount s )

Item


N e t c u r r e n t e a r n i n g s b e f o r e i n c o m e t a x e sN et i ncome before r e la t ed t axesN e t i n c o m eCash d i v i d e n d s declared

Percen tage of total assets:

T o t a l o p e r a t i n g r e v e n u eN e t c u r r e n t e a r n i n g s b e f o re i n c o m e t a x e sN e t i n c o m e

Sources an d d i spos i t i on of i n c o m e :Percentage of total operating revenue:

I n t e r e s t a n d d i v i d e n d s o n :U S . G o v t. secur i t i esO t h e r secur i t i es . . . .

R e v e n u e o n loansS e rvic e cha rges o n depos i t account sA ll o t h e r r e v e n u e

T o t a l r e v e n u e . . . . .

S a l a r i e s an d wages . .Officer an d e m p l o y e e ben ef i t sI n t e r e s t o n t i m e depos i t sN et occupancy expenseOt her cur rent expenses

Total expenses

N e t c u r r e n t e a r n i n g s be f o r e i n c o m e t a x e s

N et Josses i n c l u d i n g t r a n s f e r s ( o r recoveries a ndprof i t s +)

T a x e s on net i n c o m eN et i n c o m e a f t e r t a x e s

R a t e s of r e t urn (per cent ) on secur i t i es and loans :Return on securities:

Interest on . U S Govt securi t ies

Int e res t a n d d i v i d e n d s o n ot her secur i t i esN et losses (or r ecover i es and prof i t s +) ]

Return on loans:R e v e n u e o n l o a n s

1

N e w Y o rkCi t y

10.715 110.63.6

1.43.7 1.71

51 .4 '5.6

24.4

16.9

100.0

27.0

I 3

21 8

50 1

49.9

+20721.049 6

1 29

2.10+ .55

1.68

R eserve c i t y

City o f fChi cago

1

1 9<

13.615 I10.83.6

1.50.7 1.5 6

50.99.2

24.3.9

14.7

100.0

23.6

6.9

22 5

53 0

47.0

+ 5.114.837.3

1.33

2,67.0 3

2 .13

O t h e r

15

12.51 4 711.03.6

1.67.6 557

46.96,0

29,14,0

14.0

100.0

27.8

9. 1

24,3

61 2

38.8

+7.011.534 3

I 36

2.52+ .22

3.16

C o u n t r y

11.014.011.02.9

1.91.65.65

45.37.5

29.36. 1

11.8

100,0

28.2

12.6

25 2

660

34.01

+9.59.4

34,11

1 1,50

2.67+ . 28

4,49

]

Ne w Y ork-C i t y

14,4U 66.84.5

2.761.26.59

18.05.9

55.82.4

17.9

100.0

29.2

4.9

20.3

54.4

45.6

8.815.321.5

202

2.15.39

3.66

Reserve c i t y

City ofChi cago ; O t h e r

1955

16.0 18.3137 15.0

8.1 J 8.83.4 1 4.5

I

2.53

3. 131.19 j 1.23.60 .59

-1

27,2 j 20.07.4 ? 5,4

50.1 , 58.81.0 5. 4

14.3 10.4

100.0 100.0

26.8 28.8

7 . 9 : 11.6

185 . 1 21.0

53 2 60.8

46.8 39.2

6. 8 7.216.4 13.32 3 6 ' J 18.7

2.05 ; 2.09

2.25 2. I B.1 1 .3 4

3.68 4.76

C o u n t r y

16.41 2.97. 73.3

3.381,19.56

22.35.4

58,16.47. 8

100.0

30.3

11,7

22.8

64.8

35.2

7. 511.316,4

2.12

2.07.21

5.56



BANK INCOME

6.4 MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965 — Continued

( C o m p u t e d f r o m a g g r e g a t e d o l l a r a m o u n t s )

I

N ewYorkCi t y

14.110 3

7 74 9

4 04

1 2166

7 88.9

68 12 0

13.2

1000

19.24.0

31 04. 71 1 I

70.0

30.0

8 05. 7

16.3

3,32

3 26+ 01

5.13

leserve c i t i

C i t yof

C h i c ag o

19

16.015 11 0 44 i

4 20

1 2 8.83

10.49. 1

66 3.7

13.5

100.0

17.33.4

33.33.012 6

69.6

30.4

1 88. 9

19.7

3.38

3 25+.08

5.05

O t h e r

65

15.613 19.049

4 69

I 22.7 0

10.57. 1

69 05. 08.4

100.0

21 .73.1

31 24. 213 7

73.9

26 .1

4 36. 8

15.0

3.69

3 17.0 6

5.90

C o u n t r y

15.112 5893 7

4 89

1 20.7 1

15.67. 8

65 2605. 4

100.0

23.53.0

29 34. 415 3

75.5

24.5

4 [5 9

14.5

3.80

29902

6.28

I t e m


N e t c u r r e n t e a r n i n g s b e f o re i n c o m e t ax e sN e t i ncome before r e la t ed t axesN e t i n c o m eC a s h d i v i d e n d s d e cl a r ed

Percentage of total assets:T o t a l o p e r a t i n g r e v e n u e

N e t c u r r e n t e a r n i n g s before i n c o m e t a x e sN e t i n c o m e

. . . . Sources a n d d i spos i t i on o f i n c o m e :Percentage of total operating revenue:

I n t e r e s t a n d d i v i d e n d s on'U . S . G o v t . s e c u r i t i e sO t h e r s e c u r i t ie s

R e v e n u e o n l o a n sServ i ce cha rges o n d e p o s i t a c c o u n t sA ll o t h e r r e v e n u e

T o t a l r e v e n u e

Sa la r i es a n d w a g e sOfficer a n d e m p l o y e e b e n e f i t s

I n t e r e s t o n t i me depos i t s, , , . Net o c c u p a n c y e x p e n s eO t h e r c u r r e n t e x p e n s e s

T o t a l e x p e n s e s

, , Net c u r r e n t e a r n i n g s b e f o r e i n c o m e t axes

N e t losses i n c l u d i n g t r a n s f e r s (or r ecov er i es andprof i t s +)

. , . . . . . . T a x e s on net i n c o m eN e t i n c o m e a f t e r t a x e s

R a t e s o f r e t u r n (per cent ) on secur i t i es and lo ans :Return on securities

I n t e r e s t o n U.S. G o v t . secur i t i es

Int e res t a n d d i v i d e n d s o n o t h e r s e c u r i t i e s. . N e t losses (o r r e c o v e r i e s a n d p r o f i t s +)'

. Return on loans •R e v e n u e on l o a n s



6.5 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1970

A. ALL BANKS


Item

O pera t i ng i ncome— TotalLoans:

Interest and feesFederal f unds sold a nd securities purch as ed w i t h

resale agreementSecuri t ies— Interest a n d d iv ide n ds :1

U S Treasury securitiesOthe r U.S. Govt . securi t ies (agencies and

corporations)O bli ga t i ons of States and po l i t ica l s ubdi v i s i ons . .AH other securities

Trust department incomeService charges on deposit accountsOthe r charges fees, etc.O t h er operating income:

On trading account (net)

O t h e rOperating expenses —Total

Salaries a nd wa g es of officers and employ eesOfficer an d employee benefitsInterest paid o n—

Time and savings depositsFederal fu n ds purchasedan d securi t ies soldw i t h

r e pur c ha se agreementOthe r borrowed moneyCapital notes a nd debentures

O ccupancy expens e of bank premises (net) . . . . . . .F u r n i t u r e , equipment, etc.. . . . . . . . . . . . . . . . . . .Provision for loan lossesOther operating expenses

I ncome before in co m e taxes an d securi t ies gains or losses Appli cab le income taxes . . . .Income before securi t ies gains o r losses . . . . . . . . . .Ne t securities gains or losses ( — ) after taxes , . .E xt raordi nary charges ( — ) or credi t s a f te r t axes . . Less minority interest in consolidated subsidiaries.

Net i ncome . . . .

Cash dividends declared on -Common stockPreferred stock

M e m o r a n d a i t ems :Income taxes appl i cab le t o 1970 opera t i ng i n c o m e .T ax effect of—

Ne t securit ies gains or losses ( — ), etc.Tra n sfe r s— C api t a l a c c o un t s to IR S kx-m loss

reserves"Total provision for income ietxes, . . . . . . . . . . . . .. . .

FederalSJate andE e & : ; L . . . . . . . . . . . . . „ . . . . . . . . . . . . . .

Federal Reserve district

Boston N.J-

1,288,607

858,631

33,369

84,916

11,12894,0563,768

90,74540,19040,318

6,843

24,6441,015,797

290,44549,694

262 , 215

67,54519,8093,866

55,91241,76924,306

200,237

272,81094,554

17 8, 257=-660-268

177,326

87,98938

94,554

-95

-8,41286,04663,88f22.161

7,110,027

4,860,057

139,643

432,120

63,407514,75834,909

3 89, 53 1148, 954134,423

164,079228,147

5,631,9821,306,980

245,892

1 , 6 5 1 , 6 8 5

441,287243,13032,575

280,565140,810114,579

1,174,479

1,478,045470,429

1 , 007 , 616-62,998

1 3 , 7 54

948,371

550,4842,939

i 470,429

' ; --69,488

=66,530 334,416

251,97182,439

P hi l a - ;

delphia

1,304,570

895,472

35,470]

107,213

18,20097,3997,136

57,59235,60926,242

5,310

18,9271,006,736

244,54347,576

409,795

51, 9587,2115,582

4 6 , 3 5 135,04018,136

140,545

297,83487 , 7 56

210,078-3,692

620

Cfeve- l a n d |

2,035,605

1,331,900

59,219

209,916

24,352200,225

8,73675,13952,88640,686

4,430

28, 1171,566,560

346,23550,913

667,119

76,0039,157

3,49262 , 57 952 , 54731,545

266,970

469,046118,5913 50 , 455

-13,320i 60 2

Rich-mond

1,438,936)

971,074

39,519

126,690

29,664107,683

3,55940,37856,54032,993

11,72919,107

1,114,957308,63247,269

402,725

32,8655,8903,813

55,02246,77523,302

188,665

323,979106,163217 , 816-3,326

-727

Atlanta

1,828,539

1,167,511

78,396

160,897

41,393143,885

7,14246,35181,80355,530

10,3773 5, 255

1,437,693367,18755,772

497,607

64,21930,8934,986

i 60,68962,85851,439

242,042

390,846| 119,0881 271,758

-''15

§

207,004 337,736 213,761 270,612

9 6 , 7 2 4 ' 136,772; 8 4 ,959 j 96,65941 362 638 140

87,756

118,591 10 6 ,16 3 ' 119,088

1 -3,648:' -13,756 -4,424: -S90S5

-6,610,- -9,932 -8,006 -9,34777,497 94,902'. 93,732 104,6757 6, 613 : 94 ,8 6 6 - 87 , 162 101,431

§S5 35. 6,570 3,245

Chicago

4,162,979

2,724,257

124,336

405, 13 3

82, 13 2325,77720,587

150 , 8239 6 , 6 8 782,040

32,252118,956

3,341,872705,100119,602

1,408,600

218,66860,90212,238

143,927105, 90987,955

478,974

821,107255,096566 , 011

=19,4701 -2,3611 18

i 544, 1 6 f i

r 219, 583: i . e o ^

25S,09(

=20,421

-17,631 217,62$

199,48*17,54:

St.Louis

877,377

559,906

31,166

103,563

21,04064,4223,246

20,71126,01219,983

12,082. 15,248

671,683159,402

25, 091

261,993

i 45,2482,3132,554

i 28,62926,454

1 18,336101,663

1 205,69565,767

, 139,92726 1

502515

141,198

' 48,lSf

> 'i 65,767

130

-4,88561,012

> 59 ,1971,8 13

Minne- iapolis

1716,760

473,507

12,588

70,726

17,38 7 '53,032

1,50117,0 1726,35723,309

13,0968,242

565,2071 2 1 , 5 6 420,058

250,233

30,0529,2861 , 745

19,1741 24,345

8,69380,058

151,55351,098

100,455 -1,124 839

1

' 100,169

j 3i,2§91 25

51,098

-I S00 6

-3,17?46,91337,07b9, §35

KansasCity

1,139,852

726,330

46,210

120,557

19,77480,5076,230

33,35946,53938,194

6,37315,780

868,854227,605

30,389

313,755

38,4806,9882,484

34,95638,00127,904

148,291

270,99989,558

181 , 441630504

4

: 182,570

8 0 ,157 31 5

' ; §9,551;

; - i ,0s^

-4,49 ;84, ( K l76 ,2 8 4

7,72C

Dallas

1,408,333

936,572

61,489

111,654

28,866119,648

5,03236,82348,67931,146

8,55619,868

1,093,904244,48634,168

416,773

90,11212,9611,821

39,02142,814

1 41,469

1 170,280

314,42894,126

220,302 80

-587

SanFrancisco

4,601,124

3,200,541

119,615

274,785

57,325288,877

16,581116,155207,307156,332

70,73192,876

3,877,473959,852149,080

1,596,286

209,013 35,453

15,060185,720

i 104,70286,622

535, 686

723,650223,149

. 500,502I -2,283| -18,305

219,794 479,912

80,181 227, 90332'' 22

94,126': 223,149

55 -21,337

: -6,479' -9,77387,702 192,0)37

t 87,395 136,828> 307 55,209



Me mo r a n da items (cont):Occupancy expense of bank premises (gross)

Rental income from bank premisesNet securities gains or losses (— ) before income

taxes .. .Extraordinary charges (— ) or credits before in-

come taxes

Reserves for losses on. loans:3

Balance at beginning of yearAdditions due to mergers and absorptions. . . Recoveries credited to reservesTransfers t o reserves .... . . . .Losses charged to reservesTransfers from reserves

Balance at end o f yearNet loan losses ( — ) or recoveries

4 .

Reserves on securities :Balance at beginning o f year

Additions due to mergers and absorptions. . . .Recoveries credited to reservesTransfers to reservesLosses charged to reservesTransfers from reserves

Balance at end of year

Total net change in capital accountsNet income transferred to undivided profi tsCommon stock sold (net)Preferred stock, capital notes, and debentures

soldPremium received on new capital stock so l d . . . .Transfers f rom loan and securities reservesOther increasesDividends declaredTr a n sfe r s to loan and securities reserves (net of

tax effect)Other decreases

Assets, deposits, an d capital accounts:Loans gross (including Federal f unds sold and re-

sale purchases)U.S. Treasury securities

1 . . ...

Other U.S. Govt. securities (agencies and corpo-rations)

1

Obligations o f States a nd poli tical subdivisions1

, . .Al l other securities

1

Cash assets5

Total assets6

Time and savings deposits . . . .Total depositsTotal capital accounts plus total reserves

5

Equity capital plus total reserves5

Number of officers an d employeesNumber of banks

64,8318,920

-901

-123

216,223851

8 64040,68144 891

477221,025

-36,289

2 077

171283

16659

1,856

95,365177,326

1,385

6,2702,9881,137

11,18088,027

8,2478,647

10,7111,457

1592,263

693,184

18,6625,398

14,7241,7411,667

42,520231

327,43846,873

— 133,54 4

4,811

/ 614 8 2111,58238 932

23 8, 3 7 0266 377

2 0941,635,235—227 444

5 2371979

417258

1 1934,301

398,336948,371

4,232

7,1509,3653,287

89,777553,423

57,67852,744

64 9347,556

98911,299

48126,280

119 23031,62090 38410,4379,783

159,869351

53,3126,961

— 7,54 3

822

245,0594,6936 494

34,42332 0721,838

256, 75 9-25 573

/ 105g

13782

1421,060

182,401207,004

5,659

20,00012,9871,980

54,77496,764

9,75513,484

12 1581,922

2792,484

1193,076

20 7088,696

17 3881,9031 822

37,394321

82 87320,295

-27,323

848

335,0883,049

13 61953,98262 585

1 41 4341 , 741

-49 348

36 39 13212

4,896423

6 64 354,255

225,256337,736

4 511

4 0859,5148,057

41,961137 134

17 40225,071

18 1803,708

3684,764

1384,645

32 72014,43227 3173,1763 114

50,976470

64 3929,370

-7,151

-1,327

224,2323,1608 470

39,23645 524

702228,871

-37 074

6 059

i535

16409

6,170

162,870213,761

3 781

26 1405,6021,111

27,46385 59 6

8 46320,929

12 2552 164

4402,620

713,540

21 86 58,517

18 6551,9331 857

48 482361

88 91828,229

-5 765

-446

261 49434

18 64276 91788 769

1 475266,843

—70 440

10 746

122 Oil

9828

// 932

217 881270,612

10 376

3 83848,3152,303

19,35896 799

18 14221,9,79

14 7132 887

6243,358

1005,196

27 96410,21223 7412,4702 356

56, 376546

187 24043,313

-37 423

-4 836

791 355467

29 407127 810139 652

4 144805,244

— 110 471

21 520

782 130

1533 921

19 652

340 240544,160

5 423

17 4518,5658,064

49,399221 190

24 69546,937

37 1887 182

1 2177,741

35210,13966 69728,75155 1155,6695 439

98 833943

32 6404,011

256

1,159

129,801171

6 37736,68834 8134 023

134,202—28 51 3

14 07210

1231,620

752 637

13,113

96, 706141,198

89

2 4612,7446,660

17,84848 186

15 08811,020

7 6531,802

3321,625

642,668

14,6615.350

12,4921,3351 283

24,997459

27,2388,064

-2,029

737

114,573165

3 16916,01914 321

589119,016-11,179

1 893

is401

19386

1,904

68,856100,169

1,170

4,9351,156

9749,121

38,314

4,5485,806

6 2651,326

2611,283

281,712

11,3575,0709,661

916885

16,721489

50 80615,850

191

-112

160,050112

14,56540,33349 874

577164,609

—3 6 444

2 92 7

46371

3443

3,267

106,273182,570

1,770

6,4242,956

62020,93180,471

8 30220,225

9 6142,126

2981,998

1203,471

18 2216,477

15 6161,6901 643

32,825807

72 98033,959

—4

—447

225 182

19 10662 54076 313

795232,718

— 58 745

22 136600

367 588

6651 768

27,926

13 2 79 5219,794

6 824

37 5877,4162,563

24,74980 213

22 18063 , 745

12 4942,056

4382,871

914,618

23 5758,065

19 7202,0592 003

35,090634

222 90137'l81

—3 38 0

—38 546

773 32 83,844

37 862108 642147 682

2' 097778,898

— 110 018

4 047

1751 437

1653

5,490

272,195479,912

2 820

6 65017,8252,100

48,028227 925

13 68443,530

39 9435,071

9177,042

24510,16367 36131,02255 9075,0644 739

134 029155

For notes see end of table.

W



6.5 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1970—Continued

B. RESERVE CITY BANKS


Item

Operating income— TotalLoans :

Interest an d feesFederal fun ds sold a nd securities purchased with

resale agreementSecurities— nterest a nd dividends:1

U.S. Treasury securitiesOther U .S. G ovt. securities (agencies and cor-

porations)Obligations of States and polit ical subdivisions. . .A H other securities

Trust department income . .Service charges on deposit accountsOther charges, fees, e tcOther operating inc ome :

On trading account (net)Other

Operating expenses— To talSalaries and wages of officers a nd employees ,Officer and employee benefits. .Interest paid on-

Time and savings deposits . .Federal fu nds purchased and securities sold with

repurchase agre e me n tOther bo rrowe d mone yCapital notes a nd de be n ture s

Occupancy expense of bank premises (net) ,Furniture, equipment, etc .Provision for loan lossesOther operating expenses

Income before income taxes and securities gains orlosses

Applicable income taxesIncome before securities gains o r lossesNe t securities gains o r losses ( — ) after taxesExtraordinary charges ( — ) or credits a f t e r taxes. . .

Less min o r i ty interest in consolidated subsidiariesNet income „ .

Cash dividends declared onCommon stock , . . . . . .Preferred stock

Me mo r a n da items:Income taxes applicable to 1970 operating income . .T ax effect of—

Ne t securities gains o r losses ( — )» etc.Transfers— Capital accounts to IRS Joan loss

reserves 2 . . . . . .Totttl p rovision for income taxes

Federal „ „ „ „ . . . . „ , . , , ........State an d local.......

Federa l Reserve district

Boston

503,348

324,218

14,996

32,472

4,47224,479

1,21153,243

5 ,96923,801

4,44114,047

397,327106,501

17,051

6 8,319

51,71414,380

1,97718,70014,938

8,79394,955

106,02242,87063,152

-2

63,147

30,735

42,870

569

-3,55339,83530,3629,523

Ne wY o r k

5,328,045

3,679,962

94,810

292,717

36,882312,484

26,737340,807

73,398107,328

161,975200,945

4,227,888943,396181,701

1,068,482

408,829237,603

26,723203,193

93,54585,874

978,543

1,100,158379 ,994720,164

-55,4172,960

667,706

435,5632,931

379,994

=60,387

-57,792261, SI 3192,919

68,894

Phila-delphia

612,780

444,427

10,878

31,6 55

10634,118

2,11637,50316,03317,578

5,31013,054

472,658118,930

27,482

150,347

49,8546,6144,594

22,65916,59210,76464,824

140,12146,51493,608-2,363

91,244

48,664

46,514

-2,232

-4,71239,57039,495

74

Cleve-l and

1,189,223

802,065

31,223

91,322

6,598117,219

5,78258,53924,65327,191

4,38920,242

902,391192,97828,510

357,942

70,9008,3432 , 6 2 2

34,95827,688

[ 16,994161,456

286,83274,183

212,649-=13,455

369

199,562

91,345

74 , 183

-13,041

^7,04354,09954,099

i . . . . . . . . . .

Rich-mond

729,601

501,905

16,746

57,760

7,60653,665

1 ,66727,99928,70314,352

8,36710,830

560,069159,86725,641

181,534

25,2584,2583,363

29,97324,86310,1279 5 , 1 8 5

169,53258,876

110,656-1,070

-293

109,291

45,916638

58,876

-1,783

-4,19952,89447,974

4,920

Atlanta

696 ,994

479,018

27,102

43,392

3,60442,506

4,31224,27923,98721,684

8,36918,742

547,098139,52824,159

150,6 13

4 5 , 9 8 328,598

3 , 1 1 322,48224,96220,98986,672

149,89752,12197,776

= 1,234-674

Chicago

2,226 ,694

1 ,508 ,426

60,196

159,951

14,490156,834

9,464114,575

31,61343,655

32,14595,345

1,777,737351,107

6 6 ,173

640,136

202,9851 55 , 307

8,82675,99450,71754,360

272,132

448,958153,069295 ,889-22,061-2,271

95,8671 271,554

44,720 135,3101 4 0 ; 1,539

52,121 153,069

-3,977; -20,517

-5,220 -10,51?: 42,923" 122,034

41 ,925 112,719998 9 ,315

St. Minne-Louis i apolis

413,654

281,095

15,535

32,408

1 , 4 1 925,507

1 , 3 4 513,42010,62410,636

11,64410,023

314,71472,73113,06 3

99 ,378

43,0111 , 5 9 62,105

12,98612,434

8,90548,505

98,94135 ,41763,523

-1 17995 6

63,302

26,300

229,383

159,293

2,890

9,678

58112,812

39012,8353,642

10,411

13,0953,757

170,47536,670

6,236

47,241

26,5818,660

6954,644

10,2502,532

26,967

58,90824,63534,273

=-643

KansasCity

389,999

261 ,448

16,210

25,483

1 , 2 7 621 ,916

4,54123,790

7,55015 ,6 44

5 , 4 3 16 ,711

298,02877,21610,728

83,431

30,0744,1791,383

10,08715,3669,569

55,996

91,97132,84759 ,124

-77^224

33,629 58,821

,14,875 41,011

35,417;; 24,635

-407, -615

-3,855; -1,38831,154' 22,63130,377" 17,735

778, 4,897

32,847

=451

-3,68428,71126,029

2,683

Dallas Franco

625,406

429,297

31 ,792

34,572

2,88655,301

2,6322 7 , 1 2 8

8,27615,500

8,3799,644

475,43291 ,27314,301

168,947

80 ,96311,479

8719,530

18,70311,80267,563

149,97447,686

102,289102

-513.

101,877

43,69525

47,6 B6

-121

-4,10343,46143,461

3,850,443

2,686 ,107

103,680

219,915

41 ,793239,247

15,452102,860163,853129,799

68,92778,810

3,252,616789 ,731125 ,553

1 ,352 ,252

198,41331,70012,090

151,87380,82669,937

440,240

597,827183,586414,241-3,124

-19,700

391,415

198,643

183,586

-21,967

-6,324155,294105,165

50,130

d d

o W



JS

Me mo r a n da items (cont):Oc c upa n c y expense of bank premises (gross)

Ren ta l income from bank premisesNet securities gains or losses (— ) before income

taxesExtraordinary charges ( — ) or credits before in -

come taxes


Balance at beginning of yearAddi t ions due to mergers and absorpt ionsRecoveries credited t o reservesTransfers to reservesLosses charged to reservesTr a n sfe r s from reserves

Balance at end o f yearNe t loan losses ( — ) o r recoveries*Reserves on securities:

Balance at beginning of yearAddi t ions due to mergers and absorpt ionsRecoveries credited to reservesTr a n sfe r s to reservesLosses charged to reservesTr a n sfe r s from reserves

Balance at end o f year

Total net change in capital accounts.Ne t income transferred to undivided profi tsCommon stock sold (net)Preferred stock, cap ital notes, a nd de be n tur e s soldPremium received on new capital stock soldTr a n sfe r s f rom loan a nd sec urities reservesOthe r increasesD iv ide n ds declared . .Transfers to loan and securities reserves (net of

ta x effect) . .

Assets, deposits, and capital accounts:Loans gross (including Federal f unds sold and

resale purchasesU.S . T reasury securities

1

Other U.S. Gov t. securities (agencies and corp ora-tions)

1 . .

Obl iga t io n s of States and polit ical subdivisions1 .Al l other securit ies1 . . . .Cash assets

5 .

Tota l asse ts6

Time and savings depositsTotal depositsTotal capital accounts plus total reserves5

Equi ty cap i ta l p lus to ta l reserves5

N u m b e r of officers an d employeesN u m b e r of banks . . . .

22,1083 408

570

-5

88,684

2,00915,40416,176

89,922— 14 165

486

45829

28,66063 , 147

45825 1

30,735

3,058

1,402

3,85755 3

6162224

1,4357,0131,2164 , 9 2 7

663623

13,4015

243,19640,003

-117,317

4 , 4 7 2

1,303,0385, 541

28,229191 080216 ,124

10

1,311, 7 53— 187 894

1,294

925369

18 6 527667,706

1 , 958

93 531 907

438,494

47,414

30,071

48,7414,875

5386, 581

35622,76 390,78818,85365 858

7,9247,380

106,79615

26,7784 119i

-4,595

127, 489744

2, 98121 02819,8781 229

131,134-16 896

63 03291,244

20,000

1,2297 443

48 66 4

5 553

2,667

5 77155 2

6877

351,7709 4202, 9137 510

861793

16,4916

49,80414 846

-26,626

498

213,5571 7646 , 1 9 2

31 56038,400

180

214,492—32 207

28,112

3 642248

5 64825,858

111 917199,5621

1182,916

5195 ,828

21 40591,345

11 165

15 ,920

10 6511,588

1132,739

902,946

18 7387,288

15 0221,9231,876

25 ,91016

34,3594 387

-2,473

-674

120,9471.9352 , 7 10

18 40322 755

454

120 785—20 045

791

14

80 5

84 273109,291

54025 000

46 1454

10 86746 554

4 091

1 1 , 695

6 137947

1051,293

312,078

11 0033 7669 257

98 291 5

23 , 96715

39,84917 367

-4,618

-1,267

109,242

6,01833 17641 808

60

106,569—3 5 789

3,819

379

J94 179

70 99 895,867

197

26 62179

4 98544 860

7 346

4,544

5 755797

54961

522 312

10 4413 0248 420

98290 2

20,16820

103,71527,722

-40,261

-4,589

470,226

13,36077 04683 , 894

1 322

475,416—70 533

5,257

838

2 0437 051

127 457271,554

546,200

2443,36 5

19 751136,849

13,006

23,856

20 5912,754

2133,6 54

1626,294

35 76312, 3 9727 6693,1582 , 9 8 3

45,76024

15,2622 275

-1,668

1,036

65,846

2 , 8 8 921 81 720,569

3 363

66,620— 17 679

9,827

65 3

2 5077 973

40 04563,302

104446384

5,8707 241

26 300

9 709

1 , 292

3 772551

2864 4

321 5316 892I 90 85 576

646603

11 , 34215

9,5804 937

-1,259

36,656

3934 8533 674

38 227—3 28 1

20 81633,629

181 333

18

i " 75514 875

93 3

128

2 042186

13292

8775

3 615902

2 783301289

3,9348

20,35210,264

-488

-265

64,239

4,69316 90121,452

64,380— 16 758

17 1

316 8

14 61658,821

3,000

32 403

4 1 O i l

3 648

4,952

3 495454

21552

901 ,5626 460l'6925 296'616584

10,73618

33,15223 622

-28

-503

109,356445

5,16920 78926 104

1 09 655—2 0 93 4

11 220

2 876

11313 983

48 247101,877

12135 019

260113

2 96343 720

7 761

40 626

5 982681

541,273

432 366

11 0183 1038 630

96 9929

11 70217

183,25931 386

-4,872

-39,920

676,5723 313

28 , 90381 908

115,573496

674,626—8 6 66 9

626

11840

165i

61 7

197 467391,415

2 314497

35 310198 643

5 686

27,740

33 6054 063

6715 ,850

2218 820

56 75325 93246 666

4 2223,957

108,82719




6.5 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1970—Continued

C. COUNTRY BANKS


Item

Operating i ncome — Total . . .Loans:

Interest an d feesFederal fu n ds sold an d securities purchasedwith

resale a gr e e me n tSecurities— nterest and di v i dends :

U S Treasury securitiesOther U.S. Govt. securi t ies (agencies and cor-

porations)Obligations of States an d political subdivisions. .Al l other securities

Trust department incomeService charges on deposit accountsOther charges fees etc..Othe r operating income

On t rading account (net)Other

Operating expenses — Total . . . .Salaries and wages of officers and employees. . . . . .Officer an d employee benefitsInterest paid on-

Time and savings deposits ...Federal funds purchased a nd securities sold with

r e pur c ha se agreementOther borrowed moneyCapital notes a nd debentures

Occupancy expense o f bank premi s es (net)Furniture, equipment, etc. . . . .Provision for loan lossesOthe r operating expenses ,

I ncome before i ncome taxes an d securities gains orlosses . „ .

Applicable income taxes . . . . . . . .Income before securi t ies gains or lossesNe t secur ities gains or losses (— ) after taxes

E xt raordi nary charges ( — ) or credits a f te r taxes. . .Less minority interest in consolidated subsidiaries

N et income . . . .

Cash dividends declared onCommon stockPreferred stock

Me mo r a n da items:Income taxes applicable o 1970 operating income . .T ax effect of—

Ne t secur ities gains o r losses ( — ) etc.Trans f ers — Capital accounts to IRS loan loss

reserves 2 . . .

Total provision for income t&xes. . . . . . . . . . . . . . . .Federal . „State and local ...


Boston j ?ew

785,259

534,413

18,373

52,444

6,65669,5772,556

37,50234,22116 ,517

2,40210,597

618,470183,94332,643

193,896

15,8315,4291,889

3 7 , 21226,83215,513

105,282

166,78951,684

115,105= 658

-265

114,180

57,25438

51,684

-663

-4,85846,1613 3 , 52312.638

1,781,982

1,180,094

44,833

139,403

26,526202,275

8,17148,72375,55527 , 095

2,10427,203

1,404,0943 63 , 58464,192

583 , 203

3 2, 4585,5275,852

77,37347,26628,705

195 ,937

377,88890,436

287 , 452~7 S S S 0

794

280,665

114,9218

90,436

-9,100

-8,73872,59759,05313.545

Phila-delphia

691,790

451,045

24,592

75,558

18,09463,2815,019

20,08919,5768,664

5,873

534,078125,61420,094

259,449

2,104597988

23,69218,4487,372

75,721

157,71241,242

116,470-1,329

620

115,760

48,06041

41,242

-1,415

-1,89837,92837,118

810

Cleve-land

846,383

529, 83 5

27,996

118,595

17,75483,0062,955

16,59928,23313,495

417,875

664,169153 , 25722,403

309,177

5,103814870

27,62024,86014,551

105,514

182,21444,407

137,806135

233

„ , ,„45,427

362

44,407

-714

-2,88940', $0340,768

35

Rich-mond

709,335

469,169

22,774

68,930

22,05854,0181,892

12,37827,83718,640

3,3628,278

554,888148,76521,628

221,191

7,6071,632

45025,04921,91213,17593,480

154,44747,287

107,160-2,255

-433

104,471

39,042

A t l a n ta

1,131,545

688,493

51,294

117,505

37,789101,379

2,83022,07257,81633,846

2,00816, 513

890,595227,66031,614

346,994

18,2362,2961,873

38,20737,89630,449

155,371

240,94966,967

173,98283

679

174,745

51,939

47,287| 66,967

-2?640| -1,087

-3,807 -4,12740,838- 61,75239,188 59,505

l , 6 5 0 n 2,247

Chicago

1,936,285

1,215,832

64,141

245,182

67,642168,944

11,12 236,24965,07338,385

10723,611

1,564,136353,99353,429

768,464

15,6835,5943,412

67,93355,19133,594

206,842

372,149102,027270,122

2,591

-89I B

272,606

84,27368

102,027

90

-7,12194,99686,7678,228

St.Louis

463,723

278,811

15,632

71,156

19 ,6 2 138,915

1,9017,291

15,3889,347

4385,225

356,96986,67112,028

16 2 ,6 15

2,237718450

15,64314,0209,430

53,157

106,75430,35076,4041,441

6918

77,896

21,886

30,350

537

-1,02929,85328,820

1,038

Minne-apolis

487,377

314,214

9,698

61,048

16,80640,220

1,1124,183

22,71512,897

14,484

394,73284,89413,8 2 2

202,991

3,472626

1,05014,53014,0956,161

53,091

92,64526,46366,182

-480

840

66,540

23,41425

26,463

-391

-1,79024,23219,3434,939

KansasCity

749,854

464,882

30,000

95,075

18,4985 8 , 5 9 1

1,6899,569

38,9882 2 , 5 5 0

9429,069

570,826150,38919,662

23 0 , 3 25

8,4062,8091,102

24,86922,63518,33692,295

179,02756,710

122,317708

"S123,750

39,146315

56,710

-«-814

55,29350,2565,038

Dallas

782,926

507,275

29,697

77,083

25,98064,3472,4009,695

40,40315,646

17810,224

618,472153 , 21319,867

247,826

9,1501,482

95029,49124,11129,667

102,717

164,45446,441

118,013-21

-73

SanFrancisco

750,681

514,434

15,936

54, 870

15, 53 149,629

1 , 12913,29543,45426,533

1,80414,066

624,858170,12023,527

244,034

10,6003,7532,970

33,84723,87716,68495,446

125,82439,56286,261

841

1,396

117,9171 88,497

36,486 29,2618[; 22

46, 441] 39,562

177 630

-2,376 -3,45044,24£ 36,74243,934; 31,663

307^ 5,080



Memoranda items (cont):Occupancy expense of bank premises (gross)

R e n t a l income from bank premisesNe t securit ies gains or losses ( — ) before income

taxesExt r a o r d in a r y charges ( — ) or credits before income

taxes


Balance at beginning of yearA ddi t io n s due to mergers and absorptions. . . Recoveries credited to reservesTransfers to reservesLosses charged to reservesTr a n sfe r s from reserves

Balance at end of year' Ne t l o a n losses (— ) or recoveries

4

Reserves on securities Balance at beginning of year

A ddi t io n s due to mergers a nd absorptions. . . .Recoveries credited to reservesTransfers to reservesLosses charged to reservesTransfers from reserves

Balance at end o f year

Total net change in capital accountsNe t income transferred t o undividedprofi tsCommon stock sold (net)Preferred stock, capital notes, and debentures

soldPremium received on new capital stock sold . . . .Tr a n sfe r s from loan and securities reservesOthe r increasesD iv ide n ds declaredTransfers to loan and securities reserves (net of

tax effect)Othe r decreases

Assets, deposits, and capital accounts :Loans gross ( i nc ludi ng Federal f unds sold and re-

sale purchases)U.S. Treasury securities

1

Othe r U.S. Govt . secur ities (agencies and corpor-ations)

1

Obl iga t io n s of States and political subdivisions1 . .

Al l other securities1

Cash assets5

Total assets*1 . .

Time and savings depositsTotal depositsTotal capital accounts plus tot al reserves

5

Equi ty capital plus total reserves5

Number of officers an d employees

Number of banks

42,7235 512

-1,471

-116

J27, 539851

6,63125 27728 716

477131 104

—22 123

1,592

17128 3

16202

/ 827

66,705114,180

1,385

6,2702,988

67910 92957,292

5,1897 245

6,85390 4

981,641

451,749

11 6504,1829 7971,0781 044

29,119

226

84,2426 870

-16,226

339

31 1 , 7836,042

10,70447 29 050,2532,084

323 482—39 549

3,9431979

417258268

3 932

21 1 , 809280,665

4,232

5,1929,3652,352

57 870114,928

10,26422 673

16 1932 , 6 8 1

4514,718

1253,517

28 44212,76724 5262,5142 403

53 073

336

26,5342,843

-2,947

822

117,5703,9493,513

13 39512,193

609125,625—8 67 5

1,1058

13782

1421 ,060

119,369115,760

5,659

12,987751

47 33148,100

4,20310 816

6,3871,370

2731,606

841,306

11,2875,7839,8781,0411 029

20,903

315

33,0695 449

-696

350

121,5321,2867,427

22 42324,185

1 , 23 4727 24 9

— 17 140

8,2793212

1 254175995

8 407

114,339138,175

4,394

1,1698,9952,228

20 55545,789

6,2379 150

7 5292,120

25 52,026

481,699

13 9827,144

12 2951,2541 238

25,066

454

30,0334 983

-4,677

-651

103,2841,2255,760

20 83322,769

248108,086

— 17 028

5,267

1522

16409

5 365

78,597104,471

3,241

1,1405,142

65716 59639,042

4,3739 235

6 1191,217

3351,327

401,462

10 8614,7519 398

950942

24,515

346

49,07010 863

-1,146

822

152,25234

12,62443 74146 961

1,416

160 274—34 65 0

6,927

121 631

9809

7 753

146,883174,74510,178

3,83821,6942,224

14 37351,939

10 79617 435

8 9582,090

5702,397

472,884

17 5237,188

15 3221,4881 454

36 208

526

83,52515 592

2,839

-247

32 1 , 130467

16 04750 76355 7582,822

329 828—39 937

13 26 3

781 292

1531,878

12 601

212,783272,606

5,369

11,2518,3214,700

29 64984,341

11 68923 081

16 5964 429

1,0044,087

1903,845

30 93416,35427 4462,5112 456

53 073

919

17,3791 736

1,925

122

63,955171

3 48914 87214 245

66 067 582

— 10 833

4 24510

123967

75130

5 140

56,66277,896

-13

2 0152,360

79010 60721 886

5 3789 728

3 882I 25 1

304981

321,1377 7693 4426 916

689680

13 655

444

17,6573 127

-769

737

77,917165

2 77611 16610 647

58980 789

—7 89 8

/ 893

15401

19386

/ 904

48,04166,540

1 153

3 6031,138

9747 366

23 440

3 6155 678

4 2231 140

24899120

9377 7424 1686 878

61459 6

12 787

481

30,4545 585

680

153

95 812112

9 87223 43228 422

577100 229

19 684

2 756

46371

3440

3 100

91 657123,750

1 770

3 4242,956

61718 52839 461

4 65415 273

6 1191 671

2771,446

291 909

11 7614 785

10 3201 0741 059

22 089

789

39,82810 338

24

56

118 825

13 49241 75150 209

795123 06337 810

10 915600

364 712

66 51 655

13 942

84 548117 , 917

6 703

2 5687 I1562,450

21 78636493

14 4192 3* 119

6 5131 375

3841,597

482 252

12 5574 963

11 0901 0911 074

23 388

617

39,6425 795

1 492

1 374

101 757'531

8 95926 73432 1091 601

104 27223 348

3 421

571 398

24 873

74 72988,4972 820

6 650i s j sn1,603

12 71829 283

7 99815 790

6 3391 008

2461,193

251 344

10 6075 0909 240

842782

25 202

136

1 Excluding trading-account securit ies.

2 Prior to 1969 transfers to IRS reserve for bad debt losses

on loans were deducted from operating income; beginning in1969, within prescribed limits, banks have been permitted todeduct all or part of the transfers to this reserve from incomeand to treat the balance, if any, as a transfer from capital ac-counts. (These transfers are exempt from Federal income taxes.)

3 Includes reserve for bad debt losses and other reserves on

loans.

4 Sum of the expense item "provision for loan losses" for

banks not on a reserve-accounting method and the excess oflosses charged against reserve for losses on loans over re-coveries credited to these reserves for banks on a reserve-accounting method.

5 Cash assets comprise cash, balances with other banks (in-

cluding reserve balances), and cash items in process of col-lection. Equity capital and reserves include common and

preferred stock, surplus, undivided profi ts plus reserves forcontingencies, other capital reserves, and reserves on loans andsecurities. Total capital accounts include equity capital andcapital notes and debentures.

6 Including trading-accounts securities.

NO TE . — F i gures exclude one member bank located outsidethe continental United States. Details may not add to totalsbecause of rounding.

w

W



6.6 MEMBER BANK INCOME RATIOS BY CLASS OF MEMBER BANK

BY FEDERAL RESERVE DISTRICT, 1970

A. ALL BANKS

(Computed f r o m aggregate dollar amounts)

Item

S u m m a r y ratios:Percentage of equity capital plus a ll reserves:

Income after taxes and before securit ies gains (losses)1

Net incomeCash dividends paid .... . . . . . . .

Percentage of ne t income:Cash dividends paid

Sources a nd disposition of i n c o m e :Percentage of total assets:

Total operating expensesSalaries, wa ge s , and fringe benefits. .Interest on t ime and savings depositsOccupancy expense of ba n k p r e mise s ( n e t ) .Al l other ope rating expenses

Total o pe r a t in g in c o meIncome after taxes and before securit ies gains (losses)

1

Net income

Percentage of total operating income:Interest fees an d other loan in c o me2

Securities- -Interest and d iv ide n ds :3

U S T reasury securit iesO t h er U.S. G ovt. securit ies (agencies and corporations)O bli ga t i ons of States and po l i t ica l subd iv i s io n sAl l other securit ies

Service c ha r ge s o n de po s i t a c c o un t sTr us t de pa r tme n t in c o me , „ .AH o the r o pe r a t in g in c o me . . .

T o t a l opera t i ng in c o me

Sala r i es a n d wa ge sOfficer an d e mpl o ye e benefitsInterest on—-

Time and savings depositsB o r r o we d mo n e yCapital notes an d de be n tur e s . . . . . . . . . . „ „ . .

O ccupancy expens e of b a n k premi s es (net)Prov i s i on for loan lossesAl l o the r o pe r a t in g e xpe n se s

Total o pe r a t in g e xpe n se s

Income before taxes and securi t ies gains (losses)In c o me a f te r taxes an d before securi t ies gains (losses) . ,Ne t securit ies gains or losses (— ), t * f t e r taxesAl l other income (net)Net income. „

Federal Reserve distr ict

Boston

10 . 6810 . 63

5 . 2 7

49.64

5. 441.821.40.29

1 . 9 36 . 9 0

.95

.95

6 9 . 2 2

6 . 5 8.86

7 . 29.29

3.11 7 . 045. 61

100.00

2 2 . 5 33 . 85

20.346 . 7 7

.294 . 3 31.88

18.84

78.83

2 1 . 1 713 . 8 3~ . G 5-.0213.76

Ne wY o r k

10.299. 695 . 6 5

58 . 3 5

4 . 7 21.301.42.23

1 . 7 75

: S S.7 9

7 0 . 3 1

6 . 0 7.89

7.23.49

2 . 095 . 4 77 . 45

100.00

18 . 3 83 . 45

23.939 . 6 2

.453 . 941 . 61

17.84

7 9. 22

20.7814.17~.H9

.0513.33

Ph i la -delphia

11.5211.365 . 3 1

46 . 7 4

4 . 861.411.97

.221.266.291.01

.99

71.36

8 . 2 11.397 . 46

542 . 7 24 413 . 91

100.00

18.74, 3 . 64

31.414 . 5 3

.423 . 551.39

13.49

7 7 . 17

1 22.83

16 . 10-.28

.0415.86

Cleve-land

11.2510 . 844 . 4 0

40.60

4 . 7 81.212 . 03

.191 . 3 56 . 2 21.071.03

68.33

10.311.199 . 8 3

.422 . 593 . 693 . 6 4

100.00

17.002 . 5 0

32.774 . 18

.173 . 071 . 54

15. 7 3

76.96

23.0417 . 21_ 64

.0216 . 59

Ric h-m o n d

11. 7111.50

4 . 6 0

40.04

5.091.621.84.25

1.386 . 5 8

.99

.97

7 0 . 23

8 , 8 02 , 0 67 . 48

.243.922.804 . 4 7

100 . 00

2 1 . 4 43 . 28

27.982.69

,2 63,82

, 1 . 6116 . 41

77.49

22.51 15. 13

-.23-.05

' 14.85

A t l a n t a

11 . 4611 . 484.10

3 5 . 7 7

5 . 1 41 . 511.77

.211 . 6 56 . 5 3

.96

.96

6 8 . 1 3

8.792 . 2 67.86

.39

* :85 . 5 7

100.00

20 . 083 . 05

27 . 215 . 2 0

.273 . 3 12 . 8 1

16 . 7 0

78.63

2 1 . 3 714.86= .07

14.79

Chic a go

10.3610.004 . 0 6

40.64

5.011 . 2 32 . 1 1

.2 11 . 4 66 . 24

.84

.81

68 . 42

9 . 7 31 . 977.82

.492 . 3 23 . 625. 63

100.00

16 . 932 . 87

33.836 . 7 1

.293 . 452 . 1 1

14.09

80.28

19.7213.59-.47-.0513.07

St .L o u i s

10.8711 . 003 . 7 5

3 4 . 1 2

4 . 5 81 . 251.78.19

1 . 3 65 . 9 8

.95

.96

67 . 3 6

11 . 802 . 3 97 . 3 4

.362 . 9 62 . 3 65 . 4 3

100.00

18 . 162 . 85

29.865 . 4 2

.293.26

: 2. OH

14.64

7 6 . 56

23.4415. 94

.04

.1116.09

M i n n e -apolis

11 . 2711 . 3 14 . 3 2

3 8 . 2 4

4 . 9 71 . 2 42 . 20

.161.376 . 3 1

.87

.88

r

67 . 81

9 . 8 62 . 4 27.39

1 .203 . 6 72 . 3 76 . 28

100.00

16.96i 2 . 7 9

34.915. 48

.242 . 6 7

1 . 2114.60

78.86

21.14 14.01

-.15.11

13.97

K a n sa sCity

11.0311 . 11

4 . 89

44.07

4 . 7 61.411.72.19

1.446 . 2 5

.991.00

67.77

i 10 . 571.737.06

.54i 4.08

2 . 925 . 3 3

100.00

19. 962 . 6 6

27.523 . 98

.2 1 3.06 2 . 44

16.40

, 76.23

2 3 . 7 7 15. 91

.06

.0416.01

D a l l a s

10.9210.964 . 00

36.49

4 . 6 41 . 181 , 7 6

.1 61 . 5 45 . 9 7

.92

.93

70.86

7 . 9 22 . 0 48.49

,353 . 452 . 6 14.28

100.00

17.352 . 42

29.597.31

.122 . 7 72 . 9 4

15.18

7 7 . 68

22.3215. 64

-.0415.60

SanFran-cisco

10.5610 . 124 . 80

47.49

5 . 7 51.642 . 3 6

.271 . 486 . 8 3

.74

.71

7 2 . 15

5 . 9 71 . 246.27

.364 . 5 02 . 5 26 . 9 9

100.00

20.863.24

34.695 . 3 1

.324 . 031.88

13 . 95

84.28

15. 7 210.87- .05-.3910.43



Rates of return (per cent) o n —Securities — nterest an d dividends :$

U.S. Treasury securit iesO t h er U.S. G ovt. securit ies (agencies an d c o r po r a t io n s)Obligations of States and polit ical subdivisionsAl l other securit ies

Loans :Interest, fees, and other loan incomeNe t loan losses ( — ) or recoveries4

Ra tios on selected types of assets:Percentage of total assets:

Securities:3

U S. Treasury securit iesO t h er U.S. G ovt. securit ies (agencies a nd c o r po r a t io n s)

Obligations of States an d polit ic al subdivisionsAl l other securit iesG r o ss loans~Cash assets . . . .Real estate assets . .

Percentage of gross loans:2

Commercial an d in du s t r ia l l o a n sL o a n s to fa rm ers1 .Real estate loansL o a n s to in d iv idua l s fo r pe r so n a l e xpe n d i tur e sA ll o the r l o a n s2

.. . . . . .

Other ra tios (per cent) :Interest o n t ime an d savings deposits t o t i me and sa v in g s deposits . . .Income taxes to net income plus income taxesTim e and saving s deposits to total depositsTotal capita l accounts and reserves to total assets^

Number of banks6

5. 826 . 984 . 1 55 47

8 . 3 2-33

7 80.8 5

1 2 . 1 23657 3917.05

1.76

4 2 . 1 129

22.562 2 . 3 612 . 68

4 . 8 532.673 6 . 66

9 33

231

5. 7 16 . 414 . 5 57 25

7 . 69-35

6 33.82

9 . 4 74054 4622 04

1 . 12

49.8326

15. 121 3 . 1 121 . 68

5 . 3 82 6 . 0 63 4 . 988 75

351

5 . 5 76 . 5 23 . 9 26 00

7 . 65-21

9 281 . 3 4

1 1 . 9 95758 7114 85

1 . 49

3 3 . 441 . 08

26.7521 . 9216.81

4 . 7 127 . 235 0 . 0 1

9 18

321

5. 666 . 614 . 206 32

7 . 6 5-26

11 331 . 12

14 . 564255 5614 19

1.35

3 4 . 1 31 01

2 6 . 3 524.651 3 . 8 6

4 . 6 22 1 . 9 35 2 . 8 3

9 70

470

5. 856 . 7 34 . 105 01

8 . 2 4-30

9 892 . 01

1 1 . 9 83256 0416 18

1 91

30.401 38

2 3 . 6 93 1 . 2 01 3 . 3 3

4 . 7 230.4845.65

8 83

361

5 . 5 76 . 6 24 . 2 87 17

8 . 46-47

10 322 . 2 3

12 . 003552 6118 582 40

33.451 38

18 . 233 1 . 5 815 36

4 . 8727.8943.01

8 83

546

5 . 6 46 . 7 44 . 205 84

7 . 6 6- .29

10 761.82

1 1 . 6 0.5255 7515 20

1 . 51

36.082.48

2 7 . 3 617 . 8816 . 20

4 . 8 92 8 . 5 15 2 . 1 6

8 49

943

5. 7 46 . 3 33 . 965 07

7 . 7 2-37

12 282 . 26

1 1 . 0 84352 2018 191.50

3 2 . 5 54 47

2 3 . 3 52 4 . 7 614 . 87

4 . 8930.1742.82

9 10

459

5 . 3 36 . 6 54 . 135 42

7 . 7 5-.17

11 672 . 2 9

11 . 29.2455 1615 071.59

29.381 0 . 9 528.1822 . 09

9. 40

4 . 9 33 1 . 8 95 2 . 4 88.06

489

5 . 6 76 . 6 24 . 0 25 20

8 . 03-35

11 661 . 6 3

10 . 96.6552 7619 041.82

2 9 . 4 115 1015. 602 3 . 7 416 . 15

4 . 8 43 1 . 5 141.479 27

807

5 . 4 36 . 5 84 . 1 65. 53

7 . 9 8-.44

8 , 7 21 . 85

1 2 . 1 7.3852 9919, 582 . 28

40.875.P

1 1 . 1 522 . 202 0 . 6 6

5. 162 8 . 5 240.89

8 . 7 3

634

5 . 4 16 . 2 44.106.75

8 . 3 1- .27

7 . 521 . 3 6

10 . 45.3659 2915. 082 . 11

37.403.78

27 . 9918.6712 . 16

5 . 1 42 8 . 5 755. 48

7 . 51

155


n




BY FEDERAL RESERVE DISTRICT, 1970—Continued

B. RESERVE CITY BANKS

(Computed f r o m aggregate dollar amounts)

Iwtem


BostonNewYork

I P hi l a - delphia

Cleve-l a n d

R i c h -mond A t l a n t a Chic a go

St. |: Min n e -Lo ui s a po l i s

KansasCity Dallas

SanFran-cisco

S u m m a r y ratios:Percentage of equity capital plus a ll reserves:

In c o me a f te r taxes a nd before securit ies gains ( losses)1

Net incomeCash dividends paid

Percentage of net income:Cash dividends paid.. .

Sources and disposition o f in co m e:Percentage of total assets:

To ta l o pe r a t in g expens esSalaries, wages, a nd fringe benefits

I n t eres t on t im e and sav ings depositsO c c u p a n c y expense o f bank premises (net)Al l other operating expenses

To ta l o pe r a t in g in c o meIn c o me a f te r t a xe s an d before securit ies gains (losses)

1

N e t in c o me

Percentage of total operating income:Interest , fees, and other loan income2

Secur i t i es— I nt eres t and d i v i dends :3

U . S . T r e a sur y se c ur i ti e s .O t h er U . S . G o vt . se c ur i t i e s ( a ge n c ies a n d c o r po r a t io n s) .O bli ga t i ons of States a nd po l i t ica l subd iv i s io n sAl l other securit ies

Service charges on deposit accountsTr us t de pa r tme n t in c o meAH o the r o pe r a t in g in c o me

To ta l o pe r a t in g in c o me

Sala r i es and wagesOfficer and employee benefits ,I n t eres t on—

Time a n d sa v in gs de po s it sB o r r o we d mo n e yC api t a l n o te s a n d de be n tur e s

O ccupancy e xpe n se o f ba n k p r e mise s ( n e t )Provision for loan losses . . . . . . . . . . . . °Al l other operating expenses

To ta l o pe r a t in g expens es .

Income before taxes a nd securit ies ga i ns (losses).In c o me a f te r taxes and bef ore secu rit ies gains ( losses) .Net securities gains or losses (— ), a f t e r taxes. . . . . . . . .Al l o the r in c o me (net)

10 . 1310.134 . 93

48.67

5 . 6 61.76

.97.262 . 6 77 . 17

.90

.90

9. 7 59 . 0 4 |5. 94

65.67

1 1 . 3 310.63

4.86

12.0911 . 94

5 8

6 7 . 3 9

6 . 4 5.88

4 . 86.2 4

1.1810 . 57

8 . 43

100.00 I 100.00

2 1 . 1 5 17.703.38 3.41

7 84

5 . 4 9 I.69

5 . 8 6.50

1.376 . 3 98 . 86

11.801 1 . 5 0

6.13

53.33

5.011 . 5 5

1.59.241 . 636 . 5 0

.99

.9 6

74.30 70.06 71.08

4 5 . 7 7

4 . 8 1

42 . 5

5.01 . 1 8 i 1 .6

1 . 91.18 1 .6.21 . 54 1.56 . 3 41 . 1 31 . 06

6.61.0

.9

1

10 . 8310.62

4.97

9. 91 I9. 104 58

46 . 7 9 50 . 3 9

5 . 2 31 . 56

1 . 44 I.2 12 . 02 ,6 , 6 7

.9 3

.91

4 . 9 71 . 1 6

1 . 7 8.2 11 . 826 . 2 2

.82

.75

5 . 1 6. 0 1 I

5 . 5 6.3 4

2 . 61 |6 . 1 25. 90

7 . 67.55

9 . 8 5.48

2 . 074 . 9 24 . 40

100.00 100.00 100.00

7 . 9 11.047.35

.223 . 933 . 834 . 6 4

13 . 5713 . 13

.3 93 . 7 1 |1.74 j

21 . 87

21.001 2 . 1 3 I

.50 (3 . 8 11 . 6 1

19. 20

19.40 4 . 4 8 |

2 4 . 5 3 i.9.21

.743.69 i1 . 7 5 ]

13 34

16, 222 . 3 9

30.096 . 6 6 i

. 2 2 j2 . 9 3 S1 . 42

1 5 . % ;

7 2 . 61 " 70.44

6 . 22.51

6 . 09.61

3.443 . 487 . 04

1

2 1 . 9 1 20.013 . 51 3.46

24 . 884 . 0 4

.464.101.38

16.49

21 . 6010.70

.4 4 I3 . 22 I3 . 01

16 . 06

78.94 : 79.36 7 7 . 14 \ 7 5. 89 i1 7 6 . 7 7 7 8 . 50

2 1 . 0 6 ': 20.64 " 22 . B6 '. 2 4 . 1 1 " 2 3 . 2 3 . 21.50

12.54 13 . 51 15.27 17.88 1 5 . 1 6 i 14.02.......1 1.03 =.38 1.13 =.15 .18

. . . . . . . ' I .05 . . . . . . . .

.0 3 : -.04 " -.09

7.18.6 5

7 . 04.42

1.415.147 . 7 2

100.00

15. 7 62 . 9 7

28 . 7 41 1 . 5 9

.393 . 4 12 . 4 4

1 4 . 5 4

10 . 5310.49 I4 . 3 6 S

4 1 5 4

i4 . 56 i1 . 24

1 44.181.706 . 00

.9 2

.9 1

1 1 . 8 411 . 62

5.14

44 . 23

4 . 7 11 . 1 8

1.30.1 22 . 1 1

10.1210.077 . 02

69.72

4 . 6 11.36

1 . 2 9.151.81

7 1 . 7 0

7 83

346 . 1 6

.322 . 5 63 . 247 . 85

100.00

17 583 15

24 . 0210 . 7 8

. 5 0 53 . 13 |2 . 1 5 *

14.78

6 . 3 4.94.93

70.70

4 . 21.25

5. 58.1 6

1.585.59

1 1 . 9 3

00.00

1 5 . 9 82 . 7 1

20.591 5 . 3 6

.302 . 0 21 . 1 0

6 . 03. 9 1 1.91

7 1 . 19

6 . 5 3.3 2

5 . 6 11 . 1 61 . 936 . 097 . 1 7

100 . 00

19. 7 92. 75

21 . 3 98 . 7 8

.352 . 5 82 . 4 5

16 . 26 18.33

11.0010.964 . 7 0

42 . 91

4 . 3 1.95

1 . 53.081.755 . 6 7

.92

.92

7 3 . 7 2

5 . 5 2.46

8 . 84.42

1.324 . 3 35.39

100.00

14.592 . 28

2 7 . 0 114 . 7 8

.131 . 5 21.88

1 3 . 8 3

10.469.895. 01

50.74

5. 7 31.61

2 . 3 8.261.486.78

.72

.68

72.45

5. 7 11.086 . 2 1

.404 . 2 52 . 6 77 . 23

100.00

2 0 . 5 13 . 26

3 5. 115 . 9 7

.3 13 . 941.81

13 . 57

7 9 . 8 4 F 76.09 ; 74.32 I 76.42 :' 7 6 . 02 '; 84.48

20.16 ,i13 . 28 j-.99

-.10

2 3 . 9 1 2 5 . 6 815. 3 5 14.94-.28 -.28

. 2 3 : . . . . . . . .

23 . 581 5 . 1 6-.03-.05

23.9816 . 3 5

.01

15. 5210 . 7 5-.08-.51

Net income. 12 . 54 12.53 14.8 16.78 S 14.97 i 13.75 \ 12.19 15.30 ' 14.66 \ 15.OS 16.28 i, 10.16



Rates o f return (per cent) on —Securities — nterest and dividends :

3

U.S. Treasury securities . .Other U.S. Govt. securities (agencies and corporations)Obligations of States and political subdivisions. . .AH other securities

Loans:2

Interest fees and other loan incomeNet loan losses ( — ) or recoveries*

Ratios on selected types of assets:Percentage of total assets:

Securities:3

U.S. Treasury securitiesOther U.S. Govt. securities (agencies and corporations)

Obligations of States and political subdivisionsAl l other securitiesGross loans

2

Cash asse*sReal estate assets . .


Commercial and industrial l o a n sLoans to farmersReal estate loans . ,Loans to individuals for personal expendituresAH other loans

2 .. . .. . . . . .

Other ratios (per cent):Interest o n time an d savings deposits to time an d savings deposits . .Income taxes to net income p lus income taxesTune and savings deposits to total depositsTotal capital accounts and reserves to total assets

5

N u m b e r of banks6 ....

5.867.303.935 05

8.79-36

7.88.8 7

8.863455.0020 45

1.47

60.7402

8.4712 . 3 218.45

5.6138.7124.679 45

5

6.006.864.747 50

7.74-38

5.36.59

7.2439

53.6825 07

1 01

57.5606

8.808.59

24 99

5.2228 1628.628 72

15

5 731.743 886 12

7 89-29

5.86.06

9.313661 2518 781 33

47.0506

12 2116.2824 40

5.1630 2438.789 14

6

5.745.814 276 44

7 82-30

8.47.60

14 . 614756 8415 72

1 20

44 4204

20 0918.4217 03

4.9121 3248.5110 26

16

6.097.254.145 31

8.45-32

8.60.95

11.752855.7718 881.59

36.4942

19.1628.1915 74

4.8232 6140.67

8 92

15

5.446.644.428 23

8.79-62

7.62.51

9.205055.1122 142 65

38.3347

12 . 2230.1218 86

4.9830 9235.919 40

20

5.806.804.295 83

7.61-34

7.70.59

10.214557.5717 59

1.46

47.6234

19.1511.4621 43

5 . 1 631 0044.80

8 82

24

5.884.993.954 19

7.86-.46

7.99.41

9.344654.7222 21

1 39

44.3657

13 0221.5320 52

5.2032 9834.229 37

15

5.194.304.38 14 96

7.94- 16

5.15.3 7

8.072156.4821 43

1 57

46.0273

15 1220.1517 98

5.2340 2232.438 33

8

5.606.083.975 03

7.94-47

7.03.3 2

8.541 3954.1024 172.01

36.085 02

12 5620.9825 36

4.9232 8031.959 53

18

5.075.374.346 13

7.70-34

6.18.4 8

11.553854 2921 472.48

45.6891

8 4515.9529 01

5.4429 9035.95

8 79

17

5.416.224.087 00

8.30-25

7.151.18

10.303859.2115 542.07

39.043 15

27.7317.0912 99

5.2128 4055.56

7 43

19


§c n




BY FEDERAL RESERVE DISTRICT, 1970—Continued

C. COUNTRY BANKS

(Computed f r o m a ggr e ga te dollar amounts)

Item

S u m m a r y ratios:Percentage of equity capital plus all reserves:

Income after taxes a nd b efore securit ies gains (losses)1

N e t inco me , , . . , . , . . . . . . .Cash dividends paid

Percentage of net income:Cash dividends paid . .

Sources a nd disposition o f i n c o m e :Percentage of total assets:

Total operating expenses

Salaries, wages, a nd fr inge benefitsInterest on t ime and savings deposits . .Occupancy expense of bank premises (net)Al t other operating expenses

To ta l o pe r a t in g in c o meIncome after taxes and before securit ies g ains (losses)

Net income , .

Percentage o f total operating income:Interest, fees, a n d o the r l o a n income2

Securities • - Interest a nd d iv ide n ds :3

U.S Treasury securit ies .. .Othe r U.S. G ovt. securit ies (agencies an d c o r po r a t io n s)Obligations of States and p olit ical subdivision sAl l other securit ies . , . ,

Service charges on deposit accounts . . . .Tr us t de pa r tme n t in c o me , . . Al l o the r o pe r a t in g in co me

To ta l o pe r a t in g in c o me . . . . .

Salaries and wa ge s . . . . . . . . . . . . . . . . . .

Officer and employee benefits ,Interest on--Time and savings depositsBorrowed money . . . . . . . . . . .Ca pi t a l n o te s a n d de be n tur e s

Occupancy e xpense of bank premises (net) . . . . . , . . . . . . .P r o vi s io n for l o a n losses. . . . .AH o the r o pe r a t in g e xpe n se s

T otal operating expenses

Income before taxes a nd securities gains (losses) . . . . . . . . . . . . .In c o me a f t e r taxes and before securit ies gains (losses)Net securities gains or losses (— ) a f t er taxes. . . . . . . . . .AH o the r income (net) ......

N et in c o me . .......

Federal Reserve distr ict

Boston

11.0110.93

5 . 4 8

50.17

5.30

1.851.66.31

1.486 . 74

.98

.98

7 0 . 3 9

6 . 6 7.84

8.86.32

4 . 354 . 7 73.80

100.00

23.42

4 . 1 5

24.692 . 70

.244 . 731. 97

16.87

78.77

2 1. 2 314.65-.0S-.03

14.54

NewY o r k

11.9411.684 . 78

40.94

4 . 93

1.502 . 0 5.27

1 . 1 16 . 2 61.00

.98

68 . 7 3

7.821.48

11.35.45

4.232 . 733 . 2 1

100.00

20 . 40

3 . 6 0

3 2 . 7 22 . 1 3

.3 24 . 341.61

13.68

7 g . e o

21 .2016.13--.42

.04

15.75

1Phila- Cleve-

delphia \ l a n d

11.3111 .25

4 . 6 7

4 1 . 5 5

4 . 7 3

1.292 . 2 9.2 0.9 5

6 .121.031.02

68.75

10 .922 .619.14

.722 .822 .902 . 1 4

100.00

18.15

2 . 9 03 7 . 50

.39

.1 43.42

1.0613.6 5

77.21

2 2 . 7 916 .83

-.is.OS

16.73

11.1311.163.69

33.13

4 . 7 5

1 .252 .21.1 9

1.106 .05

.9 8

.9 8

6 5 . 9 0

14.012 .09

9.80.3 4

3 . 3 31 .962 . 5 7

100.00

18.10

2 . 6 43 6 . 52

.6 9

.1 03 . 2 61.71

15.46

78.48

21.5216.28

: .0 2i .0 2

16.32

Ric h-mo n d

11.3511 .08

4 .14

37.37

5.10

1 .562 . 0 3.2 3

1 .286 . 5 3

.9 8

.9 6

69. 3 5

9 . 7 13.107.61

.2 63 . 9 21 .744 .31

100.00

20.97

3.0431 .18

1.30.06

3 . 5 31.85

16.30

78.23

2 1 . 7 715 .10-.32-.06

14.72

A t l a n ta

- .-

1 1 . 8 512.013 . 5 7

29. 7 2

5.08

1 .471 .98.2 1

1.426 . 4 5

.9 8

.9 9

65. 3 7

10.383 . 3 38 . 9 5

.2 55 . 1 01 .954 . 6 7

100.00

2 0 . 1 1

2 . 7 930.66

1.81.1 6

3.372 .69

17.12

78 .71

2 1 . 2 915.37

.0 1

.0 6

15.44

Chic a go

10 .9011.09

3 . 4 3

3 0 . 9 3

5 . 0 5

1.312 .48.2 1

1 . 0 56 . 2 5

.8 6

.8 8

6 6 . 1 0

12 .663.498 . 7 2

.5 73 . 3 61.873 . 2 3

100.00

18.28

2 . 7 5 3 9. 68

1 .09.1 7

3.501 , 7 3

13.59

80.79

19.2113.95

.1 2

14 .07

St. .L o u i s

11 .1811 .45

3.21

28 . 09

4 . 5 9

1.272 .09.20

1.03 5.96

.9 71.00

63 . 49

15 .344 . 2 38 .39

.4 03 . 3 11 .573 . 2 7

100.00

18.69

2 . 5 93 5. 06

.6 3

.093 . 3 72 .03

1 14.52

76.98

23.0216.47

.3 1

.0 1

16.79

Min n e -a po l i s

11.0011 .16

3 . 9 3

3 5 . 2 2

5.09

1.272 . 6 2.1 8

1 .026 . 2 9

.8 4

.8 5

6 6 . 4 6

12.523.448 . 2 5

.2 2 4.66i .8 5

3.60

100.00

17.41

2 . 8 341.64

.8 4

.2 12 . 9 B1 .26

13.83

81 . 00

19.0013.57-.09

.17

13.65

K a n s a sCity

11 .5211 .68

3 . 7 2

3 1 . 8 8

4 . 8 5

1 .441 . 9 5.2 1

1 . 2 56 . 3 71.031.05

6 5 . 9 9

12.6 72 . 4 6

i 7.81.2 2

5.191.274 . 3 9

100.00

20.05

2 . 6 230 .71

i 1.49.1 4

3.31 2.44

15.37

76 .13

23 . 871 16.31

.10 .0 9

16.50

D a l l a s

10 .8510.97

3.39

3 0 . 94

4 . 9 2

1 .371.97 .2 3

1 .356 . 2 3

.9 2.9 3

6 8 . 5 8

9 , 8 43.318 . 2 1

.3 0 5.16

1 .233 . 3 7

100.00

19.56

2 . 5 331 .65

1.35.1 2

3 . 7 63.78

16.25

79.00

21 .0015.07

| -.01

15.06

Sa nFran-cisco

11.0311.32

3 . 7 4

3 3 . 08

5.89

1 .822 .30.3 1

1 . 4 67.07

1 .8 1

.8 3

7 0 . 65

7.302 . 0 66 . 6 1

.1 55 . 7 8

| 1.77j 5.68

100,00

22.66

3 . 1 33 2 . 5 0

1 .91.39

4 . 5 02 .22

15.93

S3 . 24

16 .7611.49

.1 1

. IB

11.78

W



Rates of return on —Securities — n terest and dividends : 3

U.S. T reasury securitiesOther U .S. G ovt. securit ies (agencies and c o r po r a t io n s)Obliga tions of States and p olit ical subd ivisionsAl l other securit ies

Loans:2

Interest, fees, and o the r l o a n in c o meNet loan losses ( — ) or recoveries

4

R atios on selected types of assets:Percentage of total assets:

Securities:3

U.S. Treasury securit iesOther U .S. G ovt. securit ies (agencies and c o r po r a t io n s)Obligations of States and polit ical subdivisions

Al l other securit iesGross l o a n s2

Cash assetsReal estate assets

Percentage of gross loans:-C o m m e r c i a l a nd in dus t r i a l l o a n s •L o a n s to fa r me r sRe a l e s t a t e l o a n sL o a n s to in d iv idua l s for pe r so n a l e xpe n d i tur e sAl l o the r loans

2

Other ra tios (per cent) :Interest on t ime and sa vings deposits to t ime and sav ings deposits. . .In c o me t a xe s to n e t in c o me p l us in c o me t a xe sT i m e and savings deposits to total depositsTotal c a p i t a l a c c o un t s and reserves to to t a l assets

5

N u m b e r o f b a n k s6

5 806 . 7 84 245 70

8 06-32

7 . 7 584

14.08

385 8 . 8 315 01

1 . 9 3

31 63.44

30 4828 01

9 44

4 . 6 328.7842 689.25

226

5 205 . 8 74 286 53

7 56-24

9 . 4 21 58

16 58

4356 9312 361 49

26 56.8 7

34 1226 7211 73

4 . 5 620.5552 05

8 83

336

5 516 . 6 33 935 95

7 44- 13

1 2 . 1 32 41

14 23

7456 5811 56

1 61

21 142 . 00

39 8727 02

9 97

4 . 4 824.6758 54

9 22

315

5 596 . 9 64 096 10

7 40— 21

1 5 . 1 5i 82

14.48

3453 8412 151 57

19 562 . 3 9

35 2033 479 38

4 . 3 222 7958 10

8 96

454

5.666 . 5 74 . 0 74 . 7 7

8 . 04-27

11 . 203,08

1 2 . 2 1

365 6 . 3 313 452 . 2 3

24 292 . 3 5

28 2434 2210 90

4 . 6 528.1050 55

8 . 7 4

346

5.626 . 6 24 235 . 9 9

8 . 2 5-37

11.923 . 2 5

13 . 67

.265 1 . 1 216 45

2 . 2 5

30 311 . 97

22 0932 5313 10

4 . 8 226.1146 91

8 . 48

526

5 536 . 7 34 135.84

7 . 7 1-23

14.313.24

13.21

615 3 . 6 512 431.57

21 775.14

37 5525 859 69

4 . 6 92 5 . 8 459 58

8 . 1 1

919

5 686 . 4 53 965 . 9 5

7.58-27

16.093 91

1 2 . 6 2

414 9 . 9 614 62

1 . 60

21 068 . 2 5

33 392 7 . 9 09 40

4 . 7 227 . 7 049 76

8 . 8 6

44 4

5 356 . 7 84 055.60

7 . 6 7- 18

14 . 7 13 . 19

12.80

255 4 . 5 412 091.60

21 3315.9034 4923 03

5 25

4 . 872 6 . 7 360 59

7 . 93

481

5 686 . 6 64 055. 7 3

8.08-28

14 . 212 35

12.29

255 2 . 0 216 23

1.71

25 6020.8617 3325 3210 89

4.813 0 . 8846 369.13

789

5 606 . 7 54 024.99

8 24-53

10.943 06

12 . 7 2

3851.8617 932 . 10

36 459 . 0 0

13 6327 9412 98

4 . 9 92 7 . 2 844 74

8.68

617

5 446 . 3 04 164 . 5 5

8 . 3 6-36

9.502 . 3 2

11.24

.2359. 7 512 . 662 . 3 2

2 8 . 6 77 . 08

29.3827 . 09

7 . 7 8

4 . 7 929.335 5 . 0 8

7 . 9 3

136

1

Excludes mi nor i t y interest in o pe r a t in g income, if a n y .2 L o a n s i nc lude Fe de r a l f unds sold and securit ies pur-c ha se d un de r a g r e e me n ts to resell.

3 Excludes trading-account securit ies.

4

Sum of the expense i tem "provision for loan losses" forb a n k s not on a r e se r ve -a c c o un t in g me tho d and the excess oflosses charged against reserves for losses on l o a n s o ve r re-coveries credited to these reserves for b a n k s on a reserve-a c c o un t in g me tho d .

5

In c l ude s c a p i t a l notes and de be n tur e s and all v a l u a t i o nreserves.G Excludes on e me mbe r ba n k l o c a te d o ut s ide the c o n -

t i nent a l U n i t e d S ta te s .



6.7 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY SIZE OF BANK, 1970

(Amounts in thousands of dollars)

Item

Operating income — Total .

Loans:Interest and feesFederal funds sold and securities purchased with resale

a gr e e me n tSecurities — Interest a nd dividends:

2

U S Treasury securitiesOther U.S. Govt. securities (agencies and corporations) . Obligations of States an d poli t ical subdivisionsAl l other securities . ....

Trust department i ncomeService charges on deposit accounts . .

Othe r operating income:On trading account (net)Other.

O pera t i ng expenses* — Total .Salaries and wages of officers and employees . . .Officer an d employee benefi tsInterest paid o n —

Time and savings depositsFederal fu n ds purchased and securities sold with repu r-

chase agreementOther borrowed m o n e yCapital notes and de be n tur e s

Occupancy expense of b a n k premises (net)Furniture, e quipme n t etc, . .Provision for loan losses . . . .O t h e r operating expens es

In c o me before income taxes and securi t ies gains or losses . . . .A ppl ic a bl e income taxes. , . . .Income before securi t ies gains or lossesNet securities gains or losses ( — } a f t er taxes. . , .Extraordinary charges ( — ) or credits after taxes

Net i ncome .

Cash dividends decla red on-Common stock.Preferred stock

Me mo r a n da items:Income taxes appl i cab le to 1970 operating incomeT ax effect of—-

Net securities ga in s or losses ( — ) etcTrans f ers —Capital accounts to IRS loan loss reserves^1 . .

Total provision for income taxesFederal , ...............State and local . . . . . . . .

Total i

27,906,437

18,702,956

780,353

2,206,608414,103

2,090,262118,338

1,074,623867,305681,094

345,858624,937

22,184,7205,279,546875,289

8,187,539

1,365,386443 , 97 290,215

1 , 011 , 97 1721,716534,062

3,675,024

5,721,7181 , 7 7 5 , 5 2 63,946,192-107,100-14,813

38

3 824,23*

1,747,8836,158

1,775,526

-140,141-155,2781,486,1061,272,344

207,762

Size group — Total deposits (in thousands of dollars)

Less than

2,000

32,066

8,196

784

3,938658375107

16,791599297

321

22,57311,3561,304

3,268

8

1,014502505

4,616

9,4934,1465,346-33-23

5,288

3,606

4,146

-4221 6

4,3203,637

6H 3

2,000-

5,000

196,079

111,947

9,692

39,23811,0559,439

984188

7,9533,529

2,055

154,00845,4614,330

63,404

58239

385,9304,5685,291

24,689

42.07211,37630,696

2-4

1

30,692

8,511

• • • • • • •

11,376

2625 6

n,65®10,854

i 80 5

5,000- 10,000-

10,000 25,000

687,379

409,597

31,955

108,72032,04349,086 2,760

90432,97612,601

16,736

543,449142,01116,620

238,524

726779204

21,69217,33519,21686,343

143,92939,813

104,11661 6318

1

105,049

28,42872

39,813

-47-685

39,08036,205

: 2,876

1,848,123

1,132,239

81,124

249,43367,811

160,7417,3568,429

89,05733,149

8818,696

1,463,857352,11146,862

670,744

4,2512,4261,449

63,55248,88143,443

230,138

384,266105,692278,574

-25148

38

278,658

80,756103

105,692

- >1 , 453-5,78298,45690,6157, 841

25,000- I

50,000

1,801,784

1,134,316

66,431

197,82563,102

164,6037,399

25,316 84,32337,595

6720,808

1,431,789347,90251,177

638,060

8,0193,2342,862

65,26952,84335,243

227,179

369,996100,745269,251

-5041,270

270,017

84,86791

100,745

= 2,110-6,35792,27685,0517,225

50,000-

100,000

1,716,143

1,100,839

55,242

183,13345,908

155,0326,808

36,70668,99040,244

58422,656

1,369,245330,82749,332

608,071

17,9313,2683,413

64,52052,76331,699

207,421

346,89894,729

252,1692,7822,700

257,651

86,038277

94,729

-33-6,01988,67581,8426,833

100,000-

500,000

5,250,063

3,468,149

161,826

438,33675,538

441,02021,551

202,964189,838149,785

18,42582,633

4,138,3211,058,203

171,085

1,577,213

175,28926,65214,558

201,762180,760101,831630,969

1,111,742330,833780,909-8,379

278

772,806

317,076507

330,833

-10,661-23,683296,488270,83125,658

j

500,000-

or more

16,374,801

11,337,674

373,300

985,987117,989

1,109,96771,373

783,325393,570403,894

326,693471,031

13,061,4782,991,675

534,579

4,388,256

1,159,111407,36667,689

588,232364,065296,834

2,263,671

3,313,3231,088,1932,225,130-101,555-19,498

2,104,078

1,138,6005,108

1,088,193

-125,815-113,224

849,153693,311155,842

5



Me mo r a n da items (cont.) :Occupancy expense of bank premises (gross)

Rental income f rom bank premises

Net securities gains or losses ( — ) before income taxes. . . Extraordinary charges ( — ) or credits before income taxes . .


Balance at beginning of yearAdditions due to mergers and absorptionsRecoveries credited to reservesTransfers to reservesLosses charged to reservesTransfers from reserves

Balance at end o f yearNe t loan losses ( — ) or recoveries

5

Reserves on securities Balance at beginning of yearA ddi t io n s due to mergers and absorptionsRecoveries credited to reservesTr a n sfe r s to reservesLosses charged to rese

rves

Tr a n sfe r s from reservesBalance at end of year

Total net change in capital accountsNe t income transferred t o undi v i ded prof i tsCommon stock sold (net) . . . . .Preferred stock, capital notes, and debentures soldP r e m i u m received on new capi t a l stock soldTransfers from loan a nd securities reservesOther increasesD iv ide n ds declaredTransfers to loan an d securities reserves (net of tax effect)Othe r decreases

Assets, deposits, a nd capital accounts:Loans gross (includes Federal f u n d s sold and resale pur-

chases)U.S. Treasury securities

2

Othe r U.S. Govt. securities (agencies a n d c o r po r a t io n s)2 . . .Obl iga t io n s o f States a nd pol i t ica l s ubdi v i s i ons

2

Al l other securi t ies2

Cash assetsTotal assets

6

Time a nd savings depositsTotal depositsTotal capital accounts plus t otal reservesEquity capital p lus total reserves

Number of officers an d employeesNumber of banks

1 . .

1,274,983263,012

-224,665-37,391

5,099,20628,399

205,013875,301

1,002,78320,224

5,184,912-801,400

128,208663750

21,7721,835

18,632130,925

2,275,4493,824,238

38,352143,140119,25038,856

407,3831,754,041

208,077333,653

254,406,47742,668,5337,877,172

53,700,0492,105,300

81,471,552466,009,414181,457,784385,013,61639,374,22037,552,371

744,8975,719

1,05339

-74-24

705

148375396

282 9

-702

1051

610

1,7255 , 2 8 8

38

160"8

4083,606

87483

119 ,19668,96210,54510,6092,123

45,092261,46880,820

214, 3 2541 , 57 041,546

1,507143

6,358428

51-27

16,550109

2,2496,7987,233

35018,122

-5,693

1,008

3108

1920389 8

21,47330,692

632

1,584553

3,0618,5111,8714,666

1 , 6 3 5 , 1 3 6713,310170,307251,546

19,883474,953

3 , 3 17 , 1421,515,0442,941,090

329,070328,565

7,089816

23,5101,818

543343

73,179

9,14125,62126,885

97480,080

-19,144

4,532

33491

5145

4,960

80,689105,049

3,7321,4544,7781,019

14,33328,4996,554

14,624

5,922,8442,019,003

522,2451 , 287 , 7 7 3

60,7231,559,634

11,598,3765,599,383

10,358,9291,032,7751,028,818

22,0091,400

69,7026,150

-1,515185

241,107

20,96263,28567,8052,155

255,393-47,412

9,44311

1111,925

123523

10,844

222,234278,658

10,6976,754

22,0272,677

33,78080,85915,98435,516

16,264,9474,766,4171,098,3704,168,291

151,1294,046,195

31,204,44115,506,33027,835,4972,635,4592,609,200

63,8101,768

75,80110,532

-2,287942

270,661470

17,71454,94458,8012,578

282,410-41,583

15,167632150

3,001677

1,36816,903

214,328270,017

5,9429,235

14,2303,947

53,04584,95816,34440,784

16,030,6163,716,5571,069,1964,198,410

147 , 1853,981,510

30,009,04214,592,50926,520,0612,506,4532,456,877

54,857763

79,63415,113

2,8372,610

276,0552,838

16,09246,03555,0962,591

283,343-39,003

9,592

1451,722

4061,2339,821

214,477257,651

4,17111,49610,2523,823

36,74686,31510,03813,308

15,443,3713,502,846

818,6164,025,717

139,7693,999,433

28,786,73113 , 7 64 , 58325,310,7782,410,0632,350,390

51,379366

263,81662,054

-18,678-84

901,61411,01241,209

160,872186,965

3,624924,119

-145,754

39,6747

3077,776

3126,259

41,193

534,129772,806

10,50024,09321,1219,883

117,633317,58443,13561,189

47,467,2188,485,2731,569,655

11,778,949421,572

14,889,46987,570,55736,177,34675,101,9877,428,6907,166,040

156,537348

755,110166,878

-205,537-41,332

3,319,32913,97097,499

517,372599,603

7,9513 ,340,615-502,103

48,78381

6,749248

8,99546,297

986,3952,104,078

2,64190,10845,10016,947

148,3771,431,708

114,063163,083

151 , 523 , 14919,396,1652,618,238

27,978,7541,162,916

52,475,266273,261,65794,221,769

216,730,94922,990,14021,570,935

387,709115

1 Total is for banks operating during the entire year, except

tha t one bank located outside the continental United States isexcluded.

2 E xcludi ng trading-account securities.

3 Prior to 1969 al l transfers to IRS reserve fo r bad debt

losses o n loans were deducted from in c o me ; beg i nni ng in 1969

w i t h i n prescribed limits , banks have been permitted to deductal l or part of the transfers to this reserve f rom income and totreat the balance, if any, as a t rans f er from capital accounts.(These transfers are exempt from Federal income taxes,)

* Includes reserve for bad debt losses a nd other reserves o n

loans.

s Sum of the expense item "provision for loan losses" forbanks not on a reserve-accounting method and the excess oflosses charged against reserves for losses on loans over re-coveries credited to these reserves for banks on a reserve-accounting method.

6 Including trading-account securities.NO TE . — Det a i ls may not add to totals because of rounding.



6.8 MEMBER BANK OPERATING RATIOS BY SIZE OF BANK AND BY RATIO OF TIME TO TOTAL DEPOSITS, 1970

(Averages of individual ratios expressed as percentages)

Item

S u m m a r y ratios:Percentage o f equity capital plus a ll reserves:

Income after taxes and before securit ies gains f losses)1

N et incomePercentage of net income:

Cash dividends paid

Sources and disposi t ion of in c o me :Percentage of total assets:

Total operating expensesSalaries , wa ge s a n d fringe benefits . . . . .Interest on t ime and savings depositsOccupancy expense o f bank premises (net) . . .Al l other operating expenses ,

To ta l o pe r a t in g in c o meIncome a f t er t a xe s a nd before securi t ies gains ( losses)1

Ne t in c o me

Percentage of total operating income:Interest , fees, and other loan income 2

Securit ies— nterest and dividends: 3

U.S. Treasury securit iesOther U.S. G ovt. securities (agencies and corpora tions) . .Obl iga t io n s of States and poli t ical subd iv i s io n s ,Al l other securit ies . . . . .

(Service charges on deposit accounts*) .(Trust department income*) . . . . . . < .At o the r o pe r a t in g in co me

To ta l o pe r a t in g in c o me

Salaries and wagesOfficer an d e mpl o ye e benefitsInterest on--

T i m e and savings deposits .Borrowed money(Capita notes and debentures*) .

Occupancy expense of bank premises (net) . . . . , . . , . „ „ .

Provision for loan josses.Al l other operating expenses

To ta l o pe r a t in g e xpe n se s1

Income before taxes and securit ies gains (losses)Income after taxes and before securi t ies gains (losses)Net securit ies ga i ns or losses (•=) , after taxesAl l other income (net)

Ne t in c o me1

Al lgr o ups

10 . 8 310.99

2 8 . 5 7

4 . 971 . 4 42 . 1 5

.201 . 1 86 . 2 9

.94

.95

64.80

14.964 . 0 37 . 71

.4 1(4.39)(2,07)8.09

100.00

20.382 . 54

34.56.67

(1.15)3.30

2 . 2 915.08

78.82

2 1 . 1 815 . 38

.05

15.43

Size group —Total deposits(in thousands o f dollars)

5,000

andun de r

9 . 509 . 71 j

2 4 . 6 0

4 . 8 81 . 6 31. 90

.1 81 . 1 76 . 2 2

.95

.9 7

6 1. 4 5

2 1. 335 . 4 74 . 50

.50(4.09)(1,47)6 . 75

100.00

2 4 . 2 22 . 18

30.80.1 2

(1.68)3 . 0 2

2.621 5 . 2 5

78.21

2 1. 7916.02

.04-.07

15.99

5,000—10,000

10.6410.86

25. 7 9

4 . 971. 4 52 . 1 8

.1 91. 156.30

.94

.96

6 3 .99

16.324.607.39

.39(4.59)(1.09)7 . 31

100.00

20.472.45

3 5 . 1 0. 19

(1.22)3 . 1 1

2 . 6 114.72

7 8 . 65

2 1. 3515.48

.08.0 2

15.58

10,000-25,000

11. 2 911. 4 1

2 8 . 2 1

4 . 971. 342 . 2 9

.201 . 1 46.28

.93

.94

6 5 . 31

13.893 . 778 . 8 3

.3 9(4.67)(1.12)7.81

100.00

1 8 . 8 92 . 51

3 6 . 83.33

(1.15)3 . 33

2 . 1 715 . 0 0

7 9 . 0 6

20.9415 . 2 1

.04

15.25

25,000-50,000

11. 5711 . 68

31. 33

5 . 0 41. 392 . 2 5

.2 21 . 1 86 . 36

.94

.95

66 . 3 4

1 1 . 3 23.479.39

.40(4.59)(1.98)9 . 0 8

100.00

19.082 . 8 1

3 5. 88.5 8

C / . M )3 . 59

1 . 871 5 . 4 4

7 9. 25

20.7515 . 18-.02

.05

15.21

50,000-100,000

11. 3411.69

33.48

5 . 0 71.402 . 2 4

.2 31.206 . 3 4

.92

.94

6 7 . 1 4

10.822 . 8 79 . 11

.39(3.99)(2.42)9 . 6 7

100.00

19.072.83

3 5 . 6 71 . 3 2

(1.15}3 . 74

1 . 8 215.29

79.74

20.2614.81

: ?15.15

100,000-500,000

11. 2 711. 16

38.68

5.021. 4 71.97

.2 41 . 3 46 . 37

.94

.93

68.61

8 . 8 31 . 7 18 . 7 1

.3 9(J. 59)(3.56)11 . 7 5

100.00

19 . 8 23 . 1 5

31. 0 63 . 39

(1.08}3.77

1. 9415.60

7 8 . 7 3

2 1 . 2 715 . 0 1 .13

.03

14.91

Ove r500,000

11.4911. 19

45.91

4 . 971 . 4 11. 71.22

1 . 6 36 . 35

.92

.90

71. 4 0

6 . 50.7 5

7 . 58.35

(2.69)(4.80)13 . 4 2

100.00

1 8 . 8 23 . 2 9

27 . 048.48(.99)3.50

1.7515 . 14

7 8 . 02

21.9814.82-.34-.05

14.43

Ratio o f t ime deposits totota l deposits (per cent)

U n d e r40

11 . 0111. 16

32.60

4 . 4 31.731.13.23

1 . 3 46.081 . 1 11. 12

6 2 . 6 1

15 . 943.487 . 50

.3 4(5.08)(3.54)10.13

100.00

2 5 . 5 23.00

18 . 771 . 5 6

(1.21}3.89

2.6917.09

7 2 . 5 2

27 . 4818.89

.04

18.93

40=49

11. 1111.32

28.60

4 . 941. 551. 8 7.22

1 . 3 06 . 33

.9 7

.99

64.68

14, 513.597 . 55

.34(5.21)(2.18)9 . 33

100.00

2 1 . 7 32 . 6 4

2 9 . 9 7.85

(1.13)3.63

2 . 6 616.36

77.84

22.1615 . 91

.04

.02

15.97

50-59

11.1611. 2 9

2 6 . 91

5 . 111.452 . 2 7

.2 11 . 1 86 . 4 1

.94

.95

64.78

14.644 . 0 17 . 99

.3 5(4.63)(1.86)8.23

100.00

20.022 . 5 1

35.91.50

(1.16)3 . 2 9

2.3015.06

79.59

20.4115 . 0 6

.07-.03

15.10

60 andover

10.2510.38

28.20

5 . 1 21.232.73

.17

.996 . 2 6

.83

.84

65.96

15.084 . 6 27 . 6 7

.56(3. 26 )(1.31)6 . 11

100.00

17.302 . 2 8

44.05.30

(1.13)2 . 8 0

1.8413.24

81.81

18 ,1913.64

.01,02

13.67

8sw



Rates of return (per cent) on—Securities— nterest and dividends :

3

U S T reasury securit iesO t h er U.S. Govt securit ies (agencies and corp ora t i ons ) . . .Obl iga t io n s o f States an d political su b d iv is io n sAl l other securit ies

Loans:"*I n t eres t , fees, an d o the r l o a n in c o meNe t loan losses (— ) or recoveries3

R at i os on selected types of assets:Percentage of total assets:

Securit ies: 3

U S Treasury securit ies .O t h er U.S. Gov t. securit ies (agencies an d c o r po r a t io n s)O bli ga t i ons of States an d p o l i t i c a l subd iv i s io n sAl l other securit ies

G r o s s l o a n s2

Cash assets . .R eal estate assets . . . .

Percentage of gross loans:2 .C o m m e r c i a l a nd in du s t r ia l l o a n s . . . . .Lo a n s to fa r me r sRe a l e s t a t e l o a n s . . . . . .L o a n s to in d iv idu a ls fo r pe r so n a l expen d i tu resAl l other loans2

Other ra tios (per cent) :Interest and fees on loans to l o a n sInterest on t ime a nd sa v in g s de po s i t s t o t im e a nd sa v in g s deposits

6

I n c o m e t a xe s t o net in c o me p l us in c o me t a xe sTime and sav ings deposits to total depositsTot a l capi t a l acco unts and reserves to total assets7

Nu m b er o f b a n k s 4

5 664 834 . 1 15 82

8 34-25

16 023 75

1 1 4946

52 2713 69

1 63

19 5914 0028 302 7 . 5 610 55

7 814 . 60

22 5052.74

9 02

5,678

5 804 . 2 34 . 085.66

8 . 42-.16

22 015 . 0 16 . 6 2

.534 9 . 2 314 95

1.29

1 3 . 1 728 342 3 . 7 524 . 0010.74

7 . 814 . 4 2

2 2 . 9 84 8 . 1 810 . 43

1,066

5.724 . 644.105. 68

8.41-.26

17.344 . 3 4

10.83.45

5 1 . 9 11 3 .1 5

1 . 58

16 . 4519 . 2 22 7 . 1 026.6810.55

7.794 . 5 5

2 2 . 3 25 3 . 6 4

9. 03

1,423

5 . 5 94 , 904 . 1 25.81

8 . 3 5-.28

15 133 . 5 0

13.23.45

5 2 . 6 912 70

1.73

19 . 1510 2230 9629. 7 79 90

7 . 7 94 . 6 2

22 385 5 . 5 5

8 54

1,693

5 . 6 35 . 1 04 . 1 66.09

8 . 21-.25

12 533.21

13 . 98.44

53.9613. 1 1

1 . 8 1

23 . 704 36

3 1 . 9 430.689 32

7 . 7 84 . 69

21.085 4 . 5 3

8 . 5 1

72 4

5 . 5 45 . 3 54 . 0 65. 99

8.20-.25

12 . 072 . 6 9

13.92.44

5 4 . 1 213 . 74

1.88

27.942 28

31 .572 8 . 3 6

9 . 8 5

7 .8 34 . 7 6

2 2 .3153 . 7 3

8 . 4 7

340

5 . 4 96 . 1 14 . 1 06 . 1 1

8 . 3 2-.33

10.011.68

13.34.39

54.4916 . 7 6

1 . 82

31 .571 . 80

26.062 6 . 7 513.82

7 . 9 94 . 8 1

2 4 . 3 647.79

8 . 7 2

326

5 . 5 65 . 1 04 . 2 46.02

8 . 02-.35

7.40.79

1 1 . 1 5.37

56.8318.481.66

4 1 . 7 6.9 3

1 9 .3518.6319. 3 3

8 . 0 15 . 1 3

26.464 1 . 6 78.66

106

5. 7 64 . 4 14.085.66

8.74-.28

16.083 . 06

10 . 63.38

47.8819. 471.65

24.8117.921 5 . 2 32 7 . 5 014 . 54

8 . 004 . 5 0

2 7 . 6 828.6810 . 46

876

5. 684 . 9 74 . 1 15. 7 5

8 . 62-.32

15.413 . 43

11.34

.355 1 . 1 115. 82

1.78

2 3 . 6 215.092 1 . 2 028 . 3 611 . 7 3

8 . 034.66

2 3 . 3 345.47

9 . 1 1

1,257

5 . 6 64.824 . 125.85

8.41-.28

15.983.77

12 . 10.40

52.4312 . 92

1.71

19. 4714 . 7 427.702 8 . 4 49.65

7 . 934 . 6 4

22.395 5 . 1 3

8 . 80

1,725

5. 594 . 9 64.105.92

7 . 90-.17

16.464.28

11 . 42.62

5 5 . 0 510.17

1 . 45

1 4 . 4 110.6540.072 6 . 2 1

8 . 6 6

7 . 464 . 5 7

19. 5467.08

8 . 47

1,820

For notes see Table 6.10.

W

o£w



6.9 MEMBER BANK OPERATING RATIOS BY RATIO OF TIME TO TOTAL DEPOSITS, BY SIZE OF BANK, 1970


Item

S umma r y r a t io s :Percentage o f equity capital plus a ll reserves:

Income after taxes a nd b efore securit ies gains (losses)1

Ne t income . . . . . . .Percentage o f net income:

Cash dividends paid . ... . . . .


Total operating expensesSalaries, wa ge s , an d fr inge benefi ts

Interest on t ime a nd savings depositsOccupancy expense of bank premises (net) ...Al l other operating expenses

T otal operating incomeIncome after taxes a nd before securit ies gains (tosses) 1

Net income

Percentage o f total operating income:Interest fees an d o the r l o a n income2

Securit ies— nterest a n d d iv ide n ds :3

U.S. Treasury secu rit iesOthe r U.S. Gov t securit ies (agencies and corporations)Obligations of States an d polit ical subdivisionsAll other securities

[Service charges on deposit accounts^){Trust department income^) . .Al l other operating income. , , .

Total operating income

Salaries and wa ge s . . .Officer and employee benefits . . . .

Interest on - —T i m e and savings deposits. . . ... . . .Borrowed money.{Capital notes an d debenture?*) . . . . . .

Oc c upa n c y e xpe n se of ba n k p r e mise s ( n e t ) „ „Provision for loan losses . . . . . . .All other operating expenses.

Total o pe r a t in g expenses*

Income before taxes and securit ies gains (losses)In c o me after taxes and b efore securit ies gains ( losses)Net securit ies gains or losses (- -), after taxes . . . . . . . . .Al l other income (net)

N et in c o me5

Al lgr o ups

10.8310.99

2 8 . 5 7

4 .971 .44

2 . 1 5.2 01 .186 . 2 9

.9 4

.95

64.80

14 .964 .037.71

.4 1(.4,39)(2.07)8.09

100.00

20.382 . 5 4

3 4 . 56.6 7

(f.15)3.302 . 2 9

15.08

7 8 . 82

21 .1815.38

.0 5

15.43

B a n ks with ratios o f t ime to total deposits of —

Less tha n40 per cent

40-49 i 50-59per c e n t | j per cent

i

60 per c e n tand over

Size g r o u p — otal deposits (i n tho usa n ds of dollars)

5,000an d

un de r

10.2010.36

31 .97

4 . 2 22 .01

.8 1.2 01.205 . 9 21.201 .22

57 . 66

23 . 235 . 3 25.48.44

(5.03)(3.72)7.87

100.00

31.502 . 6 4

13.69.10

a. 5 7 )3 . 5 22 . 6 6

16 .90

71 .01

28.9921 .19-.12-.07

21.00

5,000-25,000

11.2511.50

29.62

4 .421 .68

1.22.2 41 .286 .081.091.12

6 2 . 5 9

15.753.508 .44

.2 7(6.09)(1.68)9.45

100,00

24.593.03

20 . 25.28

( .72)4.102 .98

17.09

72.32

27.6818.72

.13

.0 7

18 .92

Ove r25,000

11.4711,49

37.50

4 . 6 41 .52

1 .33.2 41.556 . 2 31 .031.03

67.61

8 . 8 61 .588 . 1 8

.3 4(3. 7 4 )(4.43)13.43

100.00

2 0 . 8 33.30

21 .784 . 8 6

a . 2 2 )3.982 . 2 9

17.29

74.33

2 5 . 6 716.81^ . O B

.13

16.86

5,000an d

un de r

9 . 5 29.72

24.87

4 . 9 01 .64

1 .82.2 01 .246 .20

.9 2

.9 5

60.90

2 2 . 3 35.104 . 1 2

.4 8(4.56)(1.12)7.07

100.00

24.372 .09

2 9 . 8 7.08

(3.54)3.243.06

16.21

78.92

21 .0815.55

.0 7

; 15 .51

5,000-25,000

11 .6011.86

2 6 . 3 1

4 . 9 31 .55

1 .87.2 31 .286 . 3 61.001.02

64 . 23

14.213.9218.16

.3 1(5.81)(U6)9 . 1 7

100.00

21 .622 .60

29.97.3 2

3:#2 . 7 0

16.41

7 7 . 25

2 2 . 7 516.34

,0 7.0 5

16.46

Ove r25,000

11.2311 .34

35.07

4 . 9 71 .48

1 .88.2 41 .376 . 3 5

.9 5

.96

67.84

10.192 . 0 68 . 6 0

.31(4.49)(2.85)11.00

100.00

20 . 293.05

30.042 . 2 8

(7 . 05)3.872 .32

16.40

78.25

2 1 . 7 5• 1 5 . 3 6-.06

.05

15.35

5,000an d

u n d e r

9.8510.17

20 . 3 7

5.121.58

2 . 1 9.181 .176 .42

.9 4

.9 6

62 . 7 4

20 . 3 25.024 . 6 6

.4 5(3.99)

(.91)6 . 8 1

100.00

2 2 . 4 12 . 0 8

3 4 . 85.1 8

.91)2 . 9 22 . 4 9

14.76

79.69

20.3115.10

.2 0-.05

15.25

5,000-25,000

11 .3011 .43

2 5 . 6 7

5 . 0 91.41

2 .28.2 01 .206 .40

.9 4

.9 5

64 . 45

14 .804 .308 .27

.3 1(4.91)

(.97)7 . 8 7

100.00

19.592 . 4 2

3 6 . 25.2 9

(/. 27)3.202 . 5 2

15.11

79.38

20.6215.11

.06-.03

15.14

Ove r25,000

11.6911 .70

33.62

5 . 1 41.44

2 . 2 8.2 31.196 .43

.9 4

.94

66 . 7 7

10.742 . 7 69 . 4 9

.3 6(4.47)(2.47)9 . 8 8

100.00

19.412 .98

3 5. 871 .14

(1.11)3.701.70

15.16

79.96

20.0414.93-.01

14 .92

5,000a nd

un de r

8 . 5 18 .64

22 .12

5.201 .35

2 . 6 6.1 51 .046 . 2 9

.7 7

.7 8

63.96

19.866 .373.78.63

[ (2.97)(.84)5.40

100.00

19.451 .94

42 . 69 -

1 2

(1.37)2 .492 . 3 8

13.48

82.55

17.4512.72-.01-06

5,000-25,000

10.2910.40

28 .01

5 . 0 71.19

2 .75.16.9 7

6 . 2 2.84.8 5

6 5 . 9 1

15.40 4 . 3 6

8 .01.55

(3.21)(.99)5.77

100.00

16 .822 . 2 9

44 . 59.2 1

(1.13)2 .731 .85

13.04

81 .53

18.4713.83~ , G 2

)12 .65 j 13.85

1

Ove r25,000

11 .3411.54

3 2 . 97

5 . 2 21.25

2 .75.201.026 .35

.8 5

.8 7

67.50

10.884 .109 . 4 8

.53(3,56)(1.63)7.51

100.00

17.082 . 5 1

43.52.6 5

(1.12)3.231.40

13.66

82.05

17.9513.76

,03.12

13.91

W

W



6.10 MEMBER BANK OPERATING RATIOS BY FEDERAL RESERVE DISTRICT, 1970


to

Item

S umma r y ratios:Percentage of equity capital plus all reserves:

Income after taxes an d before securit ies gains ( losses) *N e t n c o me . . . .

Percentage of n et income:Cash d iv ide n ds pa id . .


Total operating expenses . . . Salaries, wages, and fringe benefitsInterest on t ime and savings depositsOccupancy expense of bank premises (net) .Al l other operating expenses

To ta l o pe r a t in g in c o meIncome after taxes and b efore securit ies gains (losses)

Ne t in c o me

Percentage of total operating income:Interest , fees, and other loan income2

Securit ies—Interest and dividends:3

U.S. Treasury securit ies. .Other U .S. Gov t. securit ies (agencies an d c o r po r a t io n s) . . . .Obligations of States an d po l i t i c a l subd iv i s io n sAl l other securit ies

(Service charges on deposit accounts4) . .(Trust department income*)Al l o the r o pe r a t in g in c o me

To ta l o pe r a t in g in co me

Salaries and wages . . .Officer an d employee benefi tsInterest on —

Time an d savings depositsBorrowed m o n e y . ...(Capital notes and debentures*)

Oc c upa n c y expense of b a n k premises (net) . . . . . . .Provis ion for 'oan lossesA ll o the r o pe r a t in g e xpe n se s. . . . .

To ta l o pe r a t in g expenses1

In c o me be fo r e t a xe s an d securi t ies g a in s ( tosses)In c o me a f t er taxes and before securit ies gains ( losses)Net securit ies ga ins or losses ( — ), after taxes .Al l o the r in c o me ( n e t )

N et i n c o m e1

AHdistr icts

10 . 8 310 . 99

28 . 57

4 . 971. 4 42 . 15

.201.186.29

.94

.95

64.80

14.964 . 0 37.71

.41(4.39)(2.07)8.09

100.00

20 . 3 82 . 5 4

34.56.67

(1.15)3 . 3 02 . 2 9

15 . 0 8

7 8 . 8 2

2 1 . 1 81 5 . 3 8

.05

15.43

Federal Reserve distr ict H H

^

Boston

10.6310.60

38.47

5.151.861.56.29

1.446 . 6 21. 0 01.00

6 9 . 2 7

10.141 . 5 77 . 6 1

.52(5.95)(3.21)10.89

100.00

24 . 463 . 6 1

23.791 . 1 0

(1.07)4 . 531. 90

18.26

7 7 . 65

22.3515 . 4 4-.07-10

15 . 2 7

NewY o r k

10.4310.43

3 2 . 28

5 . 0 61.502 . 2 2

.2 31 . 1 16 . 31

.91

.90

6 7 . 2 2

11.572 . 709 . 4 9

.66(4.48)(2.56)8.36

100.00

20 . 7 83 . 0 0

3 5, 3 51.17

(1.07)3.811 . 9 5

14.02

80 . 08

19.92J 4 . 8 1= .21

14.60

P hi l a -delphia

9 . 8 49.80

32.72

4 . 711 . 1 52 . 4 6

.16

.945 . 95

.89

.8 9

6 8 . 9 0

13.513 . 4 87 . 581.04

(2.62)(2.07)5.49

100.00

17.072 . 4 1

4 1. 56.31

( .92)2 . 9 01 . 1 7

13 . 95

7 9. 3 7

20.63 15 . 30

-.30.03

15.03

Cleve-l and

10.5910.70

30.96

4 . 701.182 . 2 7

.171.085 . 9 7

.96

.9 7

6 5 . 2 0

17 . 192 . 4 88 . 75

.40 (3.09) (2.23)

5 . 9 8

100.00

17 . 512 . 34

38.30.4 1

(1.25)2 . 911 . 9 5

15.22

78.64

1 2 1 . 3 6

16 . 2 7.14

, .0 6

16.47

Ric h-m o n d

11. 0 710 . 96

3 1 . 8 6

4 . 8 61.382 . 1 8

.191. 116 . 2 9

.9 8

.97

66.58

14 . 2 34 . 4 87 . 4 1

.27(3.25)

100.00

1 9 . 5 52 . 4 4

35.02.48

2 ^ 0 014 . 52

77 . 12

2 2 . 8 816.09

i ^. 13

15.83

A t l a n ta

11. 5811. 93

2 5 . 4 0

5 . 2 01 . 5 12 . 0 8

.221. 396 . 5 5

.9 71.00

62.60

13 . 014 . 789 . 0 3

.26(5.73)(2.18)10 . 32

100.00

20.582 . 56

3 2 . 20.82

U.ll)l 3 . 4 4i 2 . 6 4

17 . 0 2

7 9. 26

20 . 7 4 1 5 . 2 8 .1 5

.03

15.46

Chic a go

10.7210 . 97

27 . 47

4 . 9 21.342 . 37

.191.026.15

.87

.89

62 . 98

17 . 224 . 0 77 . 72

.60(3.5S)(1.91)7 . 4 1

100.00

19 . 312 . 5 4

38.64.5 8

(1.24)3 . 2 51 . 7 5

13 . 84

7 9 . 9 1

20.091 4 . 6 7

.1 91 -.01

14.85

St.Louis

11. 0 411.27

2 6 . 71

4 . 5 21. 2 82 . 0 2

.181.045 . 9 0

.9 81.00

6 1. 33

19.305.327 . 5 8

.38(3.12)(1.71)6 . 0 9

100.00

19.452 . 3 4

34.25.54

(1. 21)3 . 1 62 . 2 0

14 . 4 8

7 6 . 4 2

2 3 . 5 81 6 . 9 3

.26

.01

17.20

M i n n e -apolis

10.4710.68

28.39

5.141.382 . 5 7

.1 71.026 . 30

.82

.84

6 2 . 4 1

15.886.267 . 12

i .26 (4.20)

(1.97)8 . 0 7

100.00

19 . 2 52 . 6 3

41.20.60

(7 . 07)2 . 7 91. 4 3

1 13 . 6 1

8 1 . 5 1

i 18 . 49i 13 . 4 3i =.01

.07

13.49

K a n sa sCity

11. 3811.52

25.74

5.001.591. 97.19

1. 2 56 . 4 61.021. 0 3

65.04

16.023 . 2 26 . 6 9

.24i (5.26) (1.68)

8.79

100.00

2 2 . 3 02.49

30.75.67

(1.48)2 . 9 82 . 79

15 . 15

i 7 7 . 1 3

22 . 8716 . 2 1

.07

.03

16.31

D a l l a s

10 . 9211. 0 5

27 . 07

5.031.591. 78.24

1.426 . 4 1

.98

.99

66.46

12.044 . 6 27 . 5 6

.26(5.56)(1.71)9 . 0 6

100.00

2 2 . 7 22 . 2 4

27.91.74

(US)3.764.09

16.72

78.18

2 1 . 8 216.05-.19= - . 01

15.85

San- /-NFran- ^

ciso ^

9 . 7510 . 14

26.42

6 . 101. 912 . 2 9

.331. 577.29

.82

.86

6 7 . 15

10.913 . 7 15 . 59

.29(7,04)(2.30)12 . 35

100.00

23 . 282 . 78

32.001.43

4 ^ 4 42 . 7 5

16 . 50

8 3 . 1 8

1 6 . 8 211. 6 9

.2 5,3

12.07



Rates of return (per cent) on—Securities — nterest and dividends :3

U.S. Treasury securitiesOther U.S. Govt. securities (agencies and corporations)Obligations of States and political subdivisionsAl l other securitie

c

Loans:2

Interest fees and other loan in c o meNet loan losses ( — ) or recoveries

3 .

Ra t io s on selected types of assets :Percentage o f total assets:

Securities:3

U.S Treasury securitiesO t h er U.S. Govt. securi ties (agencies and corporations) . . . .Obligations of States a nd poli t ical subdivisions

Al l other securi t iesGross l o a n s2 . . . .Cash assets ......Real estate assets


Commercial an d i ndus t r i a l loansLoans to farmersReal estate loans.Loans to i ndi v i dua ls fo r personal expendi t u resAH other loans

2 ...

Other ratios (per cent):I n t eres t a nd fees on loans t o loansI n t eres t o n time an d savings deposits to time an d savings deposits

6

In c o me taxes to net income plus income taxesTime and savings deposits to total deposits .. .Total capital accounts and reserves to total assets

7

Number of b a n k s8

5.664.834 115 82

8 34-25

16 023.75

11 4946

52 2713 691 63

19 5914 0028 3027 5610 55

7 814.60

22 5052 749 02

5 678

5.673.864 516 48

8 65- 19

11 371.57

11 05

.6257 7115.121 91

27.011 48

27 6232 8211 07

8 044.43

26 7341 019 71

230

5.455.064.216 29

8 06-27

13.082.56

13 85

.6555 6611.771 47

20.293 36

36.1727 8912.29

7 594 . 5 1

16 1256.799 40

342

5.394.67

3.806 25

7 71— 11

14.653.14

11 371.17

57 7210.091.43

15.153 91

43.6925 3411.91

7 114.33

' 21 7264.239 56

319

5.624.384.195.98

7.78-.16

17.802.14

12.47

.4353 6911.511.50

14.056.01

37.7832.209.96

7 224.26

19 9060.12

9 24

467

5.754.713.845.94

8.06-.22

15.084.18

11.42

.3353.9412.621.81

16.323.85

33.6234.6011.61

7.824.52

24.0554.459.12

354

5.865.314.326 10

9 06-.37

14.024.62

13 . 3 8.28

49.5715.072.24

24.853.65

23.3834 0914.03

8 254.78

21 5749.418 77

515

5.624.353.975.78

7 98-.23

18.133 . 8 1

11.33

.6651.4112.461. 47

17.0414.8334.1924.389.56

7 484.60

22.8057.26

8 51

929

5.755.224.055.12

8.06-.29

19.394.77

11 . 04.39

47.9014.451.52

17.5214.2531.3927.049.80

7.584.62

24.3548.519.09

457

5.495.514.275.79

7.79-.18

17.915.82

10.68

.2551.9811.371.37

17.0124.4631.5421.565.43

7.564.76

22.2760.668.18

485

5.774.634.106.00

8.68-.25

17.342.99

10.26

.2551.6915.471.38

18.6333.1415.5422.839.86

8.134.67

25.5547.299.33

800

5.665.174.094.91

9.29-.36

12.924.24

1 1 . 5 2

.3650.3118.041.88

27.2917.2913.6629.3312 . 43

8.524.74

20.6642.049.29

62 5

5.755.584.126 25

9 09-.40

12.954.029.12

.3456.3713.402.37

26.337.81

26.4128.5510.90

8.684.86

24.3554.478.82

155

1 Excludes minorit y interest in operating income, if any.2 Loans i nc lude Federal f unds sold and securities purchased

u n d e r agreements to resell.3 E xcludi ng trading-account securities.4 Averages exclude banks no t reporting these items, or re -

por t i ng neg l i g ib le amounts.

3 Sum of the expense item "provision for loan losses1' forbanks not on a reserve-accounting method and the excess oflosses charged against reserves for losses on loans over re-coveries credited to these reserves for banks on a reserve-accounting method.

6 Banks reporting no interest paid on time deposits were

excluded in comput ing this average.

7 Includes capital notes and debentures and all valuationreserves.

8 The ratios for 89 member banks in operation at t he end

of 1970 were excluded f rom the compilations because of un-av a i lab i l i t y of data covering the complete year's operations,certain accounting adjustments, lack of comparability, an dso forth.

o n



B A N K INCOME

6.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70

( Amo un t s i n t ho us a n d s o f dollars)

Item

R ev en u 6 . . .In teres t and d iv idends on secur i t ies :

U . S . G o v tOther

Interest a n d d i s c o un t o n loansOther charges on loansService charges on depositsOther charges fees etcTrus t depar tmentOther cur ren t r evenue

ExpensesSalaries^— officersSalaries an d wages — o thersOfficer an d employee benefitsDirectors' fees et cInterest on t ime depos i tsIn teres t on bor rowed moneyN et occupancy expenseF ur n i t u r e a n d e q u i p me n tO th e r cur ren t expenses

N e t current earnings before income taxes .

Recover ies , transfers from reserves,an d profits

On secur i t ies :Prof i t sRe c o ve r ie s

Transfers from reservesO n loans:Recover iesTransfers from reserves

A ll o ther

Losses, charge-off s, and transfers toreserves

On secur i t ies :SoldCharge-offs pr ior to saleT r an s f e r s to reserves *

O n loans:Losses an d charge-offs .T ransfers to reserves

A ll o ther

Net income before related taxes

Taxes on net incomeFedera l

1941

1,729,901

509,175

847,832

139,698

233,196

1,215,766211,311302,627

13,151190,256

374

498,047

514,135

324,453

145,189

73,589

70,947

34,728

333,966

[ 161,073

103,868

69,025

504,622

50,000

1942

1,790,692

610,298

804,71712,08484,30955,148

100,652123,484

1,222,157219,388333,171

11,541174,674

336

483,047

568,535

222,775

66,457

55,947

68,546

31,825

271,118

120,614

80,647

69,857

520,192

79,541

1943

1,959,481

861,412

692,30513,51395,33267,533

104,710124,676

1,256,025225,142356,958

11,775163,900

50 2

497,748

703,456

353,015

103,143

91,891

85,664

72,317

290,645

116,383

75,223

99,039

765,826

127,865/ 114,316

1944

2,214,905

1,090,253

680,70817,320

107,37578,485

112,486128,278

1,356,680240,354386,346

12,907186,773

1,112

529,188

858,225

361,726

129,834

92,778

84,224

54,890

265,881

110,439

70,090

85,352

954,070

202,821187,032

1945

2,482,278

/ 1,132,977\ 167,198

707,73818,860

109,78990,617

120,317134,782

1,522,778266,018424,881

14,610233,321

2,448

581,500

959,500

509,329

266,764

122,364

67,014

53,187

264,122

132,870

55,901

75,351

1,204,707

298,795277,538

1946

2,862,875

1,218,517176,620936 ,554

14,564124,69697,995

140,340153,589

1,762,634309,220521,709

16,936268,624

2,364

643,781

1,100,241

408,608

208,700

59,515

74,499

65,894

283,175

132,254

71,253

79,668

1,225,674

323,328301,048

1947

3,097,670

1,079,535179,408

1,263,78818,386

147,76197,264

144,734166,794

1,981,787344,845602,266

18,954298,274

2,656

714,792

1,115,883

262,042

100,189

45,360

67,687

48,806

294,286

118,498

120,370

55,418

1,083,639

302,242283,046

1948

3,403,586

1,008,138189,559

1,577,63322,315

173,79197,456

156,678178,016

2,163,514381,756662,696

20,859316,570

3,432

778,201

1,240,072

266,439

60,025/ 29,221\ 24,161

/ 39,748\ 48,934

64,350

485,753

{ 78,590

40,941

/ 32,393\ 278,666

55,163

1,020,758

275,422258,490

1949

3,606,879

1,013,515201,691

1,733,69026,090

194,01395,420

160,430182,030

2,283,727410,685700,065

22,608328,010

3,582

818,776

1,323,153

213,187

73,19616,41226,672

23,14228,22045,546

379,824

38,671

33,044

29,064221,167

57,878

1,156,514

325,148304,572



BANK INCOME

(5.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70—Continued

( A m o u n t s i n t h o u san d s of dollars)

Item

H c v c n u c . . . .In teres t an d d i v i d e n d s on securi t ies:

U . S . G o v tO t h e r . .

In teres t an d d i sc o u n t o n loans .Other charges on l o a n sService charges on d e po s i t sOt h e r charges, fees, etcT r u s t d e p a r t m e n t . .Ot h e r c u r r e n t r e v e n u e

Expenses , ,Salar ies — officers . . . .Salar ies and wages— o t h e r s . ... . .

Di r e c t o r s ' fees etcIn teres t on t i m e d e po s i t sIn teres t o n b o r r o w e d m o n e y

O t h e r c u r r e n t expe n se s

N e t c u r r e n t earn ings before income taxes

Recoveries , t ransfers from reserves,an d profits

On se c u r i t i e s :P rof i t s on secu r i t i es ,Recoveries •> • •T r an s f e r s from rese rves

On l o an s :Recover iesT r an s f e r s f rom rese rves

A ll o t h e r

Losses, charge-off s, and t ransfers toreserves

On secur i t i es :S o l d , . . .Charge-ofTs p r i o r to saleT r an s f e r s to rese rves . . .

On l o an s :Losses and c harge-of fs .T r a n s f e r s to rese rves

A l l o t h e r

N et income before related taxes

Taxes on ne t income

1950

3,930,696

1,015,456225,425

1,976,10031,724

212,272104,602180,674184,445

2,444,534446,043755,681

24,745343,040

4,296

870,729

1,486,164

245,461

90,46914,71838,639

28,50629,97143, (57

366,932

38,721

54,518

23,030191,24859,414

1,364,690

427,776

1951 1952 1953

4,395,411

983,662249,495

2,390,10634,595

230,507116,140192,313198,593

2,701,313486,300864,519

27,343385,344

9,667

928,142

1,694,100

169,233

56,56315,29212,285

22,59528,45334,046

395,687

83,756

31,680

21,215204,202

54,836

1,467,645

559,475

4,931,688

1,099,059276,993

2,742,10042,295

244,696121,868204,967199,713

3,028,575530,035965,197

30,87 i458,059

20,921

1,023,495

1,903,112

144,146

33,80611,19120,492

22,00427,33029,324

362,444

97,512

29,531

23,637154,51057,253

1,684,813

694,883

5,483,954

1,206,965297,739

3,107,88547,850

271,444132,978217,996201,101

3,375,552582,405

1,069,890

34,591534,493

24,171

1,130,005

2,108,398

152,373

38,8651 1 ,45427,545

28,42318,29227,794

448,323

155,969

54,160

31,774132,12774,291

1,812,451

786,490

i i

1954 1955

5,773,787

1,272,731i 324,823

3,205,89457,550

311,806144,140246,223210,621

3,638,087622,862

1,139,013

37,197618,341

1 8,556

1,212,117

2,135,700

631,496

416,52014,91260,555

34,01457,96547,530

552,606

66,670

126,173

29,269222,998107,497

2,214,591

907,560

6,377,705

1,333,690351,041

3,625,52871,048

339,975155,004281,841219,579

3,960,173666,152

1,229,756

39,563678,237

23,093

1,323,374

2,417,533

239,598

57,08520,58639,930

27,37950,89943,722

707,155

221,232

67,276

28,159303,600

86,886

1,949,976

793,737

1956

7,231,921

1,342,842370,045

4,339,86673,562

385,927168,497322,117229,068

4,457,198720,866

1,372,262

42,614805,857

45,392

1,470,211

2,774,724

250,171

31,15114,09041,001

20,76277,60665,563

993,534

317,381

101,830

32,018452,940

89,369

2,031,360

814,636

1957

8,050,416

1,442,379412,497

4,879,67683,815

440,892186,815354,520249,828

5,119,182773,769

1,493,778

45,3961,141,715

49,538

1,614,988

2,931,235

198,413

64,3689,295

20,751

21,18339,75743,063

757,432

237,480

84,996

25,636321,870

87,452

2,372,217

998,397



BANK INCOME

6.11 INSURED COMMERCIAL B ANK INCOME, EXPENSES, AND DIVIDEND S, 1941-70—Continued

( A m o u n t s in thousands of dol lars)

Item

R e v e n u e • •Inte rest an d d i v i d e n d s o n se c u r i t i e s :

U S G o v tOther , . .

I n t e r e s t and d iscount on loansO t h e r charges o n loansService charges o n deposi t s . . .Ot h e r c h a r g e s fees etcT r u s t d e p a r t m e n tOther curr ent revenue . .

ExpensesS a l a r i e s — — officers . . . .Salar ies and wages— o t he r s

Officer a nd employee benef i t sD irectors* fees etcInte rest o n t i me deposi t sInte rest o n borrowed m oneyN e t occupancy expenseF u r n i t u r e a n d e q u i p m e n tOther curr ent expenses . . .

N et c u r r e n t earn ings before income t a xe s

Recoveries , t ransfe rs from reserves,an d profits .

O n securities:Prof i t s o n securi t iesRecoveries . . . .Transfe rs f rom rese rves

O n l o an s :Recover iesTransfe rs f rom rese rves

Al l other . .

Losses, charge-offs, and transfers toreserves

O n securi t ies:SoldCharge-of fs pr ior to saleT r an s f er s t o r e se r ves . . . .

O n lo a n s :Losses and charge-offs ,Transfe rs to reserves ,

A ll o t he r

N et income before related taxesTaxes on net income , ,

F e d e r a l . . . .

1958

8,500,949

1,544,023501,978

5,046,78294,674

486,507191,408379,395256,183

5,612,723827,142

1,573,330

48,2711,380,575

24,161

1,759,247

2,888,223

868,115

681,5549,646

57,145

22,43942 ,15855,176

783,213

93,657

268,159

25,053282,227114,117

2,973,1281,271,4591,198,890

1959

9,669,352

1,732,174546,253

5,856,688111,991531,916205,935426,016258,381

6,264,207892,657

1,684,159

51,86611,580,250

78,350

1,976,926

3,405,145

328,889

47,27727,946

111,447

20,55157,60764,062

1,361,515

745,081

168,003

25,459318,965104,006

2,372,519884,458832,797

i960

10,723,545

1,790,341578,783

6,698,655108,655589,954218,566460,251278,340

6,932,820966,6431

1,831,323

56,292l ,785,086i

87,385

2,206,0911

3,790,725 ;

574,826

329,32212,92755,568

25,68470,21181 ,114

978,422

219,767

156,232

35,760451 ,6671 14,996

3,387,1291,384,3971,300,940

1961

11,069,604

1,901,732629 ,134

6,891,442117,259630,458i223,283502,8711173,425

7,440,4921,028,8691,869,961

377,49459,7942,106,6451

37,997|510,691224,852

1,224,189|

3,629,112

708,171

453,7309,934

86,574

16,825'51,81789,291

935,461

/ 44,290I 21,354

224,678

3 1 ,194481,200132,745

3,401,8221,406,1021,317,292

1962

12,218,959

2,093,207759,030

7,578,200139,645681,243237,446543,916186,272

8,589,1771,098,1461,975,406

419,09863,2362,845, 283t

64,325555,670267,885

1,300,128

3,629,782

467,061

256,9876,241

56,761

16,90256,61073,560

836,665

58,93912,60395,039

30,107528,710111,267

3,260,1781,256,3821,159,725

1963

13,509,713

2,176,454921,060

8,516,837155,478728,857248,362573,252189,413

9,714,9801,183,264

2 , 1 0 1 , 1 1 1

457,03367,4693,464,308

106,517608,462311,518

1,415,298

3,794,733

468,450

167,4454,046

60,516

17 . 913131,23587,295

883,637

49,88712,82763,530

29,588609,059118,746

3,379,5461,226,7831,130,629

1964

15,024,487

2,240,3891,085,3349,612,079

173,159781,405280,289629,694222,138

10,897,4601,284,1402,234,922

490,7327 2 ,17 64,088,061

127,277670,243362,301

1,567,608

4,127,027

322,104

74,7236,633

57,284

17,38362 ,3 13

103,768

1,017,299

88,39711,2567 2 ,213

32,385666,040147,008

3,431,8321,148,2031,050,624

1965

16,817,187

2,224,7111,285,287

10,999,867204,996842,775304,276689,628265,647

12,486,1201,392,7652,369,259

525,69277,0935,070,781

189,5197 3 1 ,57 3411,889

1,717,549

4,331,067

390,368

84,6197 , 1 1 4

97,435

17,96284,00199,237

1,177,540

85,0459,224

63,370

36,188846,877136,836

3,543,8951,029,162

927,423



BANK I N C O M E

6.11 INSURED CO M M E RCI AL B ANK I NCO M E , EXPENSES, AND DIVIDENDS, 1941-70—Continued

(Amounts in t h o u s a n d s of d o l l a r s )

Item

R e v e n u eInte rest an d d i v i d e n d s o n securi t ies ;

US G o vt . . . .Ot h e r

Inte rest and d iscount on loans . . .Ot h e r c h a r g e s o n l o an s . . . . . . .Service charges on deposi t sOther charges fees etc • • .T r u s t d e p a r t m e n tO t h e r c u r r e n t r e ve n u e . .

Expenses .Salaries* -OfficersSalaries and wages-" Ot h e r s . • • •Officer a nd e m pl o y e e benef i t sOircctors' fees et c . . . . . . .Inte rest on t ime deposi t sInte rest on b o r r o w e d m o n e y . .Net o c c u pan c y e xpe n se . . . .F u r n i t u r e a n d e q u i p m e n tOt h e r c u r r e n t e xpe n ses ( . - .

Net cu r ren t ea rni ngs before income taxes . .

Recoveries , t r an s f e r s f rom rese rves, a nd profi tsOn secur i t ies:

Prof i t s ' . .RecoveriesTransfe rs f rom rese rves . . . . . .

On l o an s :R e c o ve r ie s • • •Transfe rs f rom rese rves

A ll o t h e r ,

Losses, chargc-offs , and transfers to reservesOn secur i t ies:

SoldGh arge ~ of fs pr ior to saleT r an s f e r s to rese rves . . . . .

O n l o a n s :Losses and charge-offs .T r an s f e r s to rese rves . . . .

AH other ,

N et i ncome before re lated taxes . .

Taxes on n et i n c o m e . . . .F e d e r a lState

N e t income . . . . . .

1966

19,508,414

2 , 3 1 7 , 7 9 41 , 5 3 1 , 5 1 7

13,042 75724 3 , 64391 5 04 935 4 03675 6 ,1 30347 48 8

14,561.8521 ,526 3002,569,442

598 ,7688 3 ,79 1

6 , 2 5 9 , 4 7 2301 768802,060458,695

1 ,9 6 1 55 6

4,946,562

341,711

62,4645,077

100,950

15,58555.762

101,873

1,574,027

454 ,91110 19878,932

31 ,2 5 1775,792222,943

3,714 246

1 ,0 2 9 ,9 0 6911,585118 ,321

2 ,6 8 4 ,34 0

1967

21,781,611

2 ,6 0 1 ,9 0 01 ,9 0 4 ,8 8 6

14 351 ,4212 9 5 ,2 1 6987 187411 ,021820 ,269409,711

16,553,6421 674 ,9552 ,8 6 2 ,9 4 1

6 6 7 ,34 592 , 074

7 , 3 7 9 , 8 6 32 6 6 ,4 76873,541533,846

2,202,601

5 227,969

417,624

150 ,2383 ,9 8 6

62,089

14 ,30744 ,439

142 ,565

1,326,581

154 ,5508,403

74,572

2 8 ,34 1885,885174,830

4 319,012

1,177,154

1 ,0 2 0 ,9 76156,178

3,141,858

1968

25,478 404

3,004 6552 , 3 7 6 , 2 2 3

16 723 099397,980

1 055 964478 028906,206536 249

19,354,2371 , 8 6 1 44 83 ,2 4 0 ,35 5

75 5 ,74 4101,3135

8, 681,705•"' 528 986

970 0346 31 ,5 6 4

5 2 , 5 8 3 088

6,124 167

326 ,034

98 ,4176 , 4 6 5

42 ,501

12 41958 ,681

107,551

1 ,75 7 ,2 1 9

5 36 ,9 3712 11754 ,960

25 2199 5 3 ,30 5174,681

4,692,982

1 ,267,0441 ,086 ,889

180 ,155

3,425,938



6.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70—Continued


Item

Operating i ncome — Total

Loans:Interest and feesFederal f unds an d securities purchased with resale

agreementSecurities — nterest and dividends :

U S. Treasury securitiesOther U.S. Govt. securities (agencies and corpora-

tions.)Obligations of States a nd political subdivisionsAl l other securities

Trust department incomeService charges on deposit accountsOther charges, fees, etc . .Other operating income:

On trading account (net) . .Other

Operating expenses — TotalSalaries an d wages of officers an d employeesOfficer an d employee benefitsInterest paid on—

Time and savings deposits . .Federal f unds purchased an d securities soldwith repur-

chase agreement . . . .Othe r borrowed moneyCa pi t a l notes a nd debentures

Oc c upa n c y expense of bank premises (net)F u r n i t u r e equipment, et cProvision fo r loan lossesOthe r operating expenses . . . .

Income before i ncome taxes an d securities gains o r losses . . . .Applicable income taxes

Ne t securities gains or losses ( — ) a f t er t a xe s .Ex t r a o r d in a r y charges ( — ) o r credits after taxesLess minority interest in consolidated subsidiaries

Ne t i ncome

Cash dividends declaredon —Common stock .Preferred stock

Memoranda items:Income taxes applicable to current year's operating income .T ax effect of—

Transfers — Capital accounts to IRS loan loss reserves2 .

Total provision o r income taxes or year . . . .FederalState and local . . . .

1969

30,689,848

20,641,036

810,021

2,835,503

548,1682,211,730

133,6271,021,7281,116,101

689,658

137,569544,708

23,976,7865,852,770

898,195

8,929,605

1,203,321575,586100,069

1,067,790769,345518,468

4,061,637

6,713,0612,163,4174,549,645-237,890

6,74523 4

4,318,266

1,758,5377,031

2,163,417

-277,744363,569

1, 522, 1031,304,367

217,736

1970

34,565,598

22,852,957

1,003,667

3,067,375

685,2462,615,705

150,9041,132,0771,172,845

838,561

347,802698,460

27,458,1426,625,6581,054,511

10 , 3 88 , 3 69

1,395,871463,223104,085

1,247,764904,756694,932

4,578,974

7,107,4562,172,0854,935,372-105,023-13,164

244

4,816,939

2,029,0126,739

2,172,085

-143,684-167,0621,861,3381,617,589

243,750

Item

Me mo r a n da items (cont.):

Oc c upa n c y expense of bank premises (gross)Rental income from bank premisesNe t security gains or loses (— ) before income axesExt r a o r d in a r y charges (— ) o r credits before income taxes.


Balance at bainning of year

Additions due to mergers and absorptionsRecoveries credited to reservesTransfers to reserves . . .Losses charged to reservesTransfers from reserves

BaJance at end o f yearNe t l oan losses ( — ) or recoveries*Reserves on securities:

Balance a t beginning of yearAdditions due to mergers and absorptionsRecoveries credited to reservesTransfers to reservesLosses charged to reservesTransfers from reserves

Balance at end of year

Total net changes in capital accounts.N et income transferred to un d iv ide d profi tsCommon stock sold (net) . .Preferred stock, capital notes, and debentures soldPremium received on new capital stock soldTransfers from loan and securities reservesOther increasesDividends declaredTransfers to loan and securit ies reserve (net of tax effect) .Other decreases . . . . .

Assets , deposits, a nd capital accounts:Loans gross (includes Federal f u n d s sold and resale

purchases) . ....U.S. Treasury securities

1

Other U.S. Govt. securities (agencies and corporations)1 .

Obligations of States and polit ical subdivisions1

A1J other securities1

Cash assets5 . . . . .

Total assets6

Time and savings depositsTotal deposits .Total capital accounts p lus total reserves

5

Equi ty capital plus total reserves5 .

Number of officers and employeesN u m b e r of banks

7

1969

1,324,578256,788-512,612

3,723

4,987,91019,731

205,8251,242,153

680,079-10,772

5,786,312-491,765

220,4021,4891,989

52,47712,44180,848

183,069

3,031,6554,318,266

156,972241,183286,945125,530752,899

1,765,568471,801612,770

280,80156,6209,513

57,9152,305

86,485513,187

200,246430,25143,75241,737

899,17713,464

1970

1,546,262298,498-225,588-36,284

5 965, 22431,108

254,6861,107,7721,224,445

32,6716,101,673-978,051

179,232680

1,25829,4362,875

25,042182,688

3,220,4774,816,939

127,189199,461259,20557,713

513,9802,035,751

275,563442,695

300,53654,06910,40261,9292,402

88,894542,255

211,074448,13547,23945,203

947,15513,502

—

Iw

Notes to data for 1969 and 1970:1 Excluding trading-account securities.

2 Prior to 1969 transfers to IRS reserve for bad debt

losses on loans were deducted from operating income;be gin n in g in 1969, within prescribed limits, banks havebeen permitted to deduct all or part of the transfers tothis reserve from income and to treat the balance, ifany, as a transfer from capital accounts. (These trans-fers are exempt from Federal income taxes.)

3 Includes reserve for bad debt losses and other re-

4 Sum of the expense item "provision for loan

losses" for banks not on a reserve-accounting methodand the excess of losses charged against reserve forlosses on loans over recoveries credited to these re-serves for banks on a reserve-accounting method.

3 Cash assets comprise cash, balances with other

banks (includng reserve balances), and cash items inprocess of collection. Equ ity capital and reserves in-clude common and preferred stock, surplus, undividedprofi ts plus reserves for contingencies, other capital

capital accounts include equity capital and capitalnotes and debentures.

6 Including trading-account securities.

7 Figures exclude one member bank located outside

the continental United States. In 1969, also excludesone trust company without deposits.

N O T E . — D a t a for assets and liabilities are averagesfo r various dates as described in the text. Figures maynot add to totals because of rounding. Data for num-bers of officers, employees, and banks are for end of

federal reserve 1940 to 1970 bank income

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