DISTRIBUTION OF ALL BANKS On June 30, 1939, there were 15,146 banks in the United States and its possessions, of which 5,209, or 34 percent, were national banks. Of these, 13,618, or 90 percent, were insured banks. All banks had deposits of $64,600,000,000, 46 percent of which was in national banks and 83 percent of which was in insured banks. There were 552 mutual savings banks which had $10,433,000,000 of deposits. NOTE.-Deposit insurance assessments paid by all insured banks to the F. D. I. C. in the year ended June 30, 1939, amounted to $38,997,697.04, of which $21,398,638.73, or 54.87 percent, was paid by national banks. Assets and liabilities of all active banks in the United States and possessions, June 30, 1939 [In thousands of dollars] 1 Includes trust companies and stock savings banks. Assets and liabilities of all active banks in the United States and possessions, June 30, 1939-Continued CHANGES IN NUMBER OF BANKS, BRANCHES, AND BANKING OFFICES IN THE YEAR ENDING JUNE 30, 1939 As has been the case in other recent years, the number of banking offices in the continental United States decreased during the 12 months ending June 30, 1939. At the end of the year the total banking offices in this country were 18,681 of which 15,074 were head offices of banks and 3,607 were branches. These figures are much in contrast with conditions in 1920 when there were approximately 30,000 banks and 1,200 branches. During the year banks decreased by 216 in number and branches increased by 48. During the year national banks decreased by 39, being 5,203 at the end of the year, while national bank branches increased by 23. State member banks at 1,127 increased by 31, while State commercial banks which were insured, but not members of the Federal Reserve system, those not insured, mutual savings banks not insured, and private banks, each decreased, and their numbers were respectively, 7,236, 890, 554, and 64. During the year 3 national banks were organized and 11 State banks were converted into national banks. Forty-two national banks were eliminated because of consolidations, absorptions, or suspensions, and 11 national banks were converted into State banks. Eight de novo branches of national banks were authorized during the year and 13 banks were succeeded by branches of national banks. The national system lost 7 branches by voluntary liquidation or otherwise. Figures with respect to banks and branches are given in the accompanying table: Analysis of changes in number of banks and branches, July 1, 1938-June 30, 1939 |