13608_1965-1969

INDEXPage

Addresses and selected congressional testimony of JamesJ. Saxon, Comptroller of the Currency 199

Annual Report 1965 11Antitrust laws and the public welf are 213Assets, deposits, and capital accounts 14, 171Assets of consolidations of National banks or National

and State banks, calendar 1965 154Assets of mergers of National banks or National and

State banks, calendar 1965 155Assets of National banks converted from S tate chartered

banks, calendar 1965 151Assets and liabilities of National banks:

Assets, liabilities, and capital of National banks, 1964and 1965 15, 171

Date of last report of condition, December 31,1936-65. 198By States:

June 30, 1965 174, 175December 31, 1965 177, 178

Comparison of:December 31, 1964 and December 31, 1965, and

percent change, 1964 to 1965 15Principal items of, by size of bank (deposits), year

end 1964 and 1965 171Foreign branches, December 31, 1965 197

Assets, trust accounts 182Assets of selected financial institutions, 1962 and 1965.. 14Banks 145, 201, 202, 211, 214Bank holding companies 202, 219Bank Holding Act, extension of coverage 203Bank mergers 225Banking progress 214Banking services 226Benefits to National bank employees and officers:

By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Total, years ended December 31, 1964 and 1965 18

Borrowings. (See Assets and liabilities of Nationalbanks.)

Branches, new charters, and mergers 20Branch litigation 28Branches of National banks:

Domestic:Number of:

Closed, by States, calendar 1965 169Open for business, calendar 1965:

By States 161By community size, and size of bank 27

Foreign:Assets and liabilities of, summary of, December 31,

1965 197Location of, December 31, 1965 196Number of, in operation, 1955-64 197

PageBond discount 228Business development corporations 228Calls for reports of condition of National banks, 1914-65. 172Capital accounts, assets, and deposits 14Capital accounts:

Of National banks:By States:

June 30, 1965 176December 31, 1965 179

Comparison of:December 31,1964, and December 31, 1965 15Dollar and percent changes, December 1964 and

1965 15Total, years ended December 31, 1964 and 1965. 18

Converted into State banks, calendar 1965 153Merged and consolidated with or into State banks,

calendar 1965 152Reported in voluntary liquidation, calendar 1965 151By size of bank (deposits), calendar 1965 192

Of State banks:Purchased by National banks, calendar 1965 153

Capital stock of National banks:Years 1944-65 194Years 1936-65 198By States:

June 30, 1965 176December 31, 1965 179Changes, calendar 1965 24Comparison of:

By size of banks (deposits), December 1964 and1965 171

Total years ended December 31, 1964 and 1965.. 18By size of banks (deposits), calendar 1965 184

Capital stock of consolidations of National banks orNational and State banks, calendar 1965 154

Capital stock of mergers of National banks or Nationaland State banks, calendar 1965 155

Capital stock of National banks converted from Statebanks 151

Cash in banks. (See Assets and liabilities of Nationalbanks.)

Certificates of deposit 229, 231Certification of branches 5Charters of National banks. (See Organizations of

National banks.)Chartering and entry 1Closed banks. (See Consolidations, mergers, and liqui-

dations.).Commercial banks, banking offices, and total assets by

class of bank, end of 1964 and 1965 13Trust department statistics, by States, calendar 1965. 181

253

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1965-1966

Common stock of National banks: PageBy States:

June 30, 1965 176December 31, 1965 179

Years 1944-65 194Common trust funds, by States, 1964 and 1965 182Comptroller of the Currency, Office of:

Comptrollers, names of, since organization of theOffice, periods of service, and States from whichappointed 143

Deputy Comptrollers and Administrative Assistants,by dates of appointment and resignation, and nativeStates 144

Income and expenses of, in year 1965 37Issue and redemption of currency 38

Comptroller's equity 37Congressional testimony (Appendix C) 199Consolidations or National banks, or National and

State banks, calendar 1965 154Consolidations and mergers of National banks:

Description of each consolidation, merger, and pur-chase and sale transaction, approved by the Comp-troller of the Currency, calendar 1965 154

Number of, by States, since 1863 145With and into State banks, calendar 1965 152

Conversions of National banks to State banks, by States,since 1863 152

Data processing affiliate 229Definition of deposits 230Demand deposits. (See Deposits.)Deposits. (See Assets and liabilities of banks) 171, 175Deposits, assets, and capital accounts 14Deposits in savings and loan associations 235Deposits of National banks:

Demand and time:By States:

June 30, 1965 175December 31, 1965 178

By class of banks, year end 1964 and 1965 16Directors' examinations 235Disclosure standards for banksachievements and goals. 211Discounts. (See Loans and discounts.)Dividends. (See Income, expenses, and dividends of

National banks.) 18Dividends and ratios to capital accounts of National

banks, years 1944-64 194Educational loansHigher Education Act of 1965 235Expenses. (See Comptroller of the Currency, Office of;

Income, expense, and dividends of National banks.)Expenses and income of National banks 18, 184Expenses of the Office of the Comptroller of the Currency

for 1965 37, 38FDIC Board composition 236Fees paid to director and members of executive, discount,

and other committees of National banks:By States, calendar 1965 84By size of banks (deposits), calendar 1965 192Total, years ended December 31, 1964 and 1965 18

Fiduciary activities of National banks 30Furniture and equipment of National banks:

By States, calendar 1965 184By size of bank (deposits), calendar 1965 192Total years ended December 31, 1964 and 1965 18

254

Income after dividends of National banks: PageBy States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years ended December 31, 1964 and 1965 18

Income and expenses of National banks 184Income and expenses of the Office of the Comptroller

of the Currency 36Income before dividends of National banks:

By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years ended December 31, 1964 and 1965 18

Income before taxes of National banks:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years ended December 31, 1964 and 1965 18

Income of the Office of the Comptroller of the Cur-rency for 1965 37, 38

Independent audits 237Insolvencies of National banks, by States, since 1863 . . . . 145Interest and discounts on National banks:

Loans:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years ended December 31, 1964 and 1965 18

Borrowed money:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years ended December 31, 1964 and 1965 18

Interest and dividends of U.S. Government obligationsand other securities of National banks:

By States, calendar 1965 184By size of banks (deposits), calendar 1965. 192Years ended December 31, 1964 and 1965 18

Interest on time and savings deposits of National banks:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years ended December 31, 1964 and 1965 18

Interest ratesState laws 237International banking and finance 31International operations 238Investments and loans between members of the holding

company groups 204Issue and redemption of currency 38Leasing of public facilities 238Lending limitparent company and subsidiary 239Liabilities. (See Assets and liabilities of National

banks.)Liquidations of National banks:

Since 1863, by States 145By categories, calendar 1965 24(Voluntary) reported in calendar 1965 151

Litigation 28Loans for purchase of convertible bonds 239Loans of National banks:

Losses and recoveries on, calendar years 194565.... 195Ratio of new losses or recoveries to, calendar years

1945-65. 195Loans and discounts of National banks:

By States:June 30, 1965 174December 31, 1965 180

By size of banks (deposits), December 1964 and 1965.. 171December 1936-65 198


1965-1966

PageLoans and securities of National banks, by size of

banks (deposits), December 1964 and 1965 180Loans secured by U.S. obligations 240Loans to wholly owned affiliate 240Losses charged to valuation reserves of National banks:

By States, calendar 1965 184Losses, chargeoffs, and transfers to valuation reserves on

securities and loans of National banks:By States, calendar 1965 184By size of banks (deposits), calendar 1965 193Years ended December 31, 1964 and 1965 18

Mail service 240Mechanical receipt of funds 241Management improvement 29Mergers, action on 9Mergers, calendar 1965 27Merger decisions, 1965 (Appendix A) 39Merger litigation 29Mergers, new charters, and branches 20Mergers of National banks or National and State banks,

calendar 1955 155Merger or consolidation of National banks with or into

State banks, calendar 1965 152Merger policy, current issues 201Mortgage company loan solicitation 241National banks:

As guarantor 242Assets and liabilities. (See Assets and liabilities of Na-

tional banks.)Branches. (See Branches of National banks.)Galls for reports of condition of, years 1914-65 172Mergers. (See Mergers of National banks.)Number of:

By States:Organized, consolidated, and merged since 1863. 145Insolvencies, liquidations, and conversions since

1863 145June 30, 1965 174December 31, 1965 21Chartered during calendar 1965 148In existence, December 31, 1965 145

December 31, 1944-65 194Converted into State banks, calendar 1965 153Stock salesbylaws 242

New bank charger litigation 29New charters, branches, and mergers 17Operating earnings of National banks:


Operating expenses of National banks:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Total, years ended December 31, 1964 and 1965 18

Operating revenue, expenses, and dividends of Nationalbanks:


Organizations of National banks:Number of, by States, December 31, 1965 21Charters:

Applications approved and rejected, by States,calendar 1965 146

Granted, by States, calendar 1965 148Converted from State chartered banks, calendar

1965 151Preemptive rights 242Profits, recoveries, and transfers from valuation reserves

on securities of National banks:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192

Promissory notes 231, 243Real estate assets of National banks, by size of banks

(deposits), December 1964 and 1965 171Recoveries, transfers from valuation reserves, and profits

of National banks:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Total, years ended December 31, 1964 and 1965 18

Recoveries credited to valuation reserves of Nationalbanks:

By States, calendar 1965 184Total, years ended December 31, 1964 and 1965 18

Redemption and issue of currency 38Regional organization 30Regulation litigation 29Repurchase transactions 232Salaries and wages officers and employees of National

banks:By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Total, years ended December 31, 1964 and 1965 18

Securities of National banks:Calendar years 1945-64 195Recoveries on, calendar 1945-65 195

Secured notes 233Selected Correspondence of James J. Saxon, Comptroller

of the Currency 217State banks purchased by National banks, calendar

1965 153State chartered banks converted to National banks,

calendar 1965 151State escheat laws 244State of the National banking system 13Statistical tables (Appendix B) 141State taxes on National banks 244Structural changes in the National banking system 20Stock option and purchase plans 245Surplus fundsdefinition on dividend purposes 246Surplus, undivided profits and reserves of National

banks:By States:

June 30, 1965 176December 31, 1965 179

December 1936-65 198By size of banks (deposits), December 1964 and 1965. . 171Converted from State chartered banks, calendar 1965. 151

255


1965-1966

PageSurplus, undivided profits and reserves of consolidations

of National banks or National and State banks, cal-endar 1965 154

Surplus, undivided profits and reserves of mergers ofNational banks or National and State banks, calendar1965 155

Surplus, undivided profits and reserves of National banksconverted from State banks, calendar 1965 151

Taxes (Federal and State) on net income of Nationalbanks:

By States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years, ended December 31, 1964 and 1965 18

Time deposit competition 206, 209, 248Trust activityState licensing 246

Trust department revenue of National banks: PageBy States, calendar 1965 184By size of banks (deposits), calendar 1965 192Years ended December 31, 1964 and 1965 18

Trust offices and branch laws : 247Trust statistics, selected bank, by States, calendar 1965.. 181Trust servicesbanks and bar associations 247Underwriting 250United States Government obligations of National

banks:By States:

June 30, 1965 174December 31, 1965 177

By size of banks (deposits), December 1964 and 1965.. 171December 1936-65 198

Valuation reserves and lending limits. 251Window dressing 251

256


1965-1966

INDEXPage

Accounting regulation for National banks 13Addresses of William B. Camp 220-236Administration of Comptroller's Office 20-22Administrative Assistants to the Comptrollers, listed . . 164Advertising guidelines 246-247Agricultural Credit Corporation 241Assets of National banks:

By deposit size, 1966 and 1967 190Of foreign branches 214-215At last condition report, 1950-67 216In 1966 and 1967 1-2By States, June 30, 1967 193By States, Dec. 30, 1967 196Of trust accounts 218

Bank charters. (See Charters and chartering.)Bank examination 13,245-246Bank mergers. (See Mergers.)Bank service corporations 242-243Bank stock, voting of 254Banks. (See National banks; State banks.)Bond underwriting 14-15,253-254Branches of National banks:

Closed in 1967 188-189Denovo 6, 11-12Entering system in 1967, by States 180-187Foreign 18-19, 214-215Litigation on 15Opened in 1967 6By States 10-11

Call dates 191-192Camp, William B.:

Addresses and Congressional testimony of . . . . 220-236Selected correspondence of 241-254

Capital accounts of National banks:By deposit size, 1966 and 1967 190From 1944 to 1967 212In 1966 and 1967 1-2By States, June 30, 1967 195By States, Dec. 30, 1967 198

Capital stock of National banks:In 1967 167From 1944 to 1967 212

Cases in litigation 1416"Cease and desist" regulations 14Charters and chartering:

Applications by states, 1967 168Changes in during 1967 167Comptroller's letter on 243And conversion of State to National banks 9Issued in 1967 6, 8Pending litigation on 15

Check guaranty plans 244

PageCommon trust funds 217Comptroller of the Currency, Office of:

Administration of 20-52Administrative Assistants to the Comptrollers, listed . 164Comptroller's addresses and Congressional testi-

mony 220-236Comptrollers listed 163Correspondence of 240-254Deputy Comptrollers listed 164Financial operations of 23-26Organization of 22

Comptroller's equity 23-25Condition reports, dates of 191-192Congressional testimony:

Of William B. Camp 220-236Of Dean Miller 236-237

Consolidations. (See Mergers.)Conversions:

Of National to State banks 171Of State to National banks 9,170

Correspondence of Office of the Comptroller of theCurrency 240-254

Currency, issue and redemption of 27Data processing services 245De novo branching 6,11-12Deposit machines 244-245Deposits of National banks. (See Assets of National

banks.)Deputy Comptrollers of the Currency, listed 164Directorates, interlocking 247-248Directory 20Discounts of National banks 199Dividends of National banks 212EDP systems 20-21Electronic data processing services 245Employee development programs 21Entry. (See Charters and chartering.)Equity, Comptroller's 23-25Examination reports 13,245-246Expenses of National banks:

By deposit size, 1967 ; . . . . 209-211In 1966 and 1967 ; 3-5By States, year ended Dec. 31, 1967 200-208

Fiduciary activities 17Financial operations of Comptroller's Office 23-26Fiscal Management Division 20Foreign branches:

Assets and liabilities of . . . 214-215Condition summarized 18-19Listed by region and country 19Number of, 1960-67 215

255


1967

PageIncidental powers, litigation on 14Income of National banks:

By deposit size 209-211In 1966 and 1967 4-5By States 200-208Summarized 3

Industrial development authorities 247Interlocking directorates 247-248International banking. (See also Foreign branches.) . . . 1819Investment securities 248-250Investments, litigation on 14-15Issue of currency 27Liabilities of National banks:

At date of last condition report, 1950-67 216By deposit size, 1966 and 1967 190Of foreign branches 215In 1966 and 1967 2By States, June 30, 1967 194By States, Dec. 30, 1967 197

Liquidations of National banks 167,170Litigation 14-16Loans of National banks:

To industrial development authority 247Losses and recoveries of 213Real estate 250On securities 250-251By States, Dec. 30, 1967 199

Management of Comptroller's Office 20-22Mergers, 30-160:

Approvals describe in detail 35-157Comptroller's letter on 241-242Disapprovals described in detail 157-160Litigation on 15-18Of National banks with State banks 171,172In 1967 12By size of banks involved, 1960-67 179By States, in 1967 173-179Summarized 30-33

Military facilities of National banks 215Miller, Dean, Congressional testimony of 236-237National banks:

Accounting regulation for 13Assets at date of last condition report, 1950-67 . . . 216Assets by deposit size, 1966 and 1967 190Assets by States, June 30, 1967 193Assets by States, Dec. 30, 1967 196Assets in 1966 and 1967 1-2Assets of foreign branches 214-215Branches closed in 1967 188-189Branches entering system in 1967 180-187Branches by States 10-11Capital accounts by deposit size, 1966 and 1967. . . 190Capital accounts, 1944-67 212Capital accounts, by States, June 30, 1967 195Capital accounts, by States, Dec. 30, 1967 198Capital accounts in 1966 and 1967 1-2Capital stock of 167, 212Charter applications by States 168Charters issued in 1967 6,8, 167Common trust funds of 217Condition of 1-2

National BanksContinued PageConsolidations of 172Conversion of State to 9,170Converted to State 171^Discounts of 199Dividends of, 1944-67 212Examination of 13,245-246Expenses by deposit size, 1967 209-211Expenses by States 200-208Expenses in 1966 and 1967 3-5Fiduciary activities of 17Foreign branches of 18-19,214-215Income by deposit size, 1967 . 209-211Income in 1966 and 1967 3-5Income by States 200-208Liabilities at date of last condition report, 1950-67 . 216Liabilities by deposit size, 1966 and 1967 190Liabilities by States, June 30, 1967 194Liabilities by States, Dec. 30, 1967 197Liabilities in 1966 and 1967 2Liabilities of foreign branches 215Liquidations in 1967 167,170Listed by size of banks, 1960-67 179Listed by States 7Loans of 199,213,247,250-251Mergers of 30-160,171,173-179Net profits of, 1944-67 212Newly organized in 1967, by States 169Purchase of State banks by 172Regional Administrators of 165Reports of condition of 191-192Security losses and recoveries by 214Structural changes in 6-12, 166Trust activities of 17,217-218

Net profits of National banks 212Ofice of the Comptroller of the Currency. (See Comp-

troller of the Currency.)Peisonnel administration 21Publications of Comptroller's Office 20Purchase of State banks by National . . . . . . . . . 172Real estate loans 250Redemption of currency 27Regional Administrators of National Banks, listed . . 165Reports of condition, dates of 191-192Revenue bonds, underwriting 14-15, 253-254Securities:

Investments in 248-250Loans on 250-251Losses and recoveries of National banks on . . . . . 214

Service corporations, bank 242-243State banks:

Consolidations of 172Merged with National 171Mergers in 1967, by States 173-179National banks converted into 170Purchased by National 172

Stock, bank 254Travel services 251-252Trust assets and income of National banks 217-218Trust departments 17Tn.ith-In-Lending Act 252-253Underwriting of bonds 14-15,253-254

256


1967

INDEX

Accounting regulation for National banks, 250-54Addresses of the Comptroller of the Currency, 241-63Administration of the Comptroller's Office, 23-26Administrative Assistants to the Comptrollers, listed, 180Administrative Services Division, 23, 25Assets of the Comptroller's Office, 28Assets of National banks:

by deposit size, 209of foreign branches, 236at last condition report, 1950-68, 235in 1967 and 1968, 1-2by States, June 29, 1968, 212by States, Dec. 31, 1968,215of trust accounts, 238

Bank accounting, 250-54Bank chartering. (See Charters and chartering.)Bank examination:

GAO access to reports, 264-65strengthening of, 284-85of trust departments, 19(See also Examiners.)

Bank holding companies, 275-76Bank management, 276-77Bank mergers. (See Mergers.)Bank reporting, 250-54, 277. (See also Condition reports.)Banking expansion, 24447Banking powers, litigation on, 15-16Bloom, Robert, testimony of, 267-68Boards of directors, 276-77Bond underwriting, 15Bonds, local government, 270-71Branches of National banks:

in calendar 1968, 11closed in 1968, 207-8Comptroller's remarks on, 241-44de novoy 6, 11-13foreign, 236for ghetto areas, 271litigation on, 16-17opened in 1968,6, 199-206

Camp, William B.:addresses of, 241-50, 254-56Congressional testimony of, 263-67

Capital accounts of National banks:by deposit size, 209from 1944 to 1968, 232in 1967 and 1968, 2increased rate of, 1by States, June 29,1968, 214by States, Dec. 31, 1968, 217

Capital stock of National banks, 183Cases in litigation, 15-18Changes in structure of National banking system, 182Charters and chartering:

applications by States, 1968, 8, 184applications pursuant to corporate reorganization, 9, 185issued in 1968, by States, 8issued pursuant to corporate reorganization, 9,187-88litigation on, 16

Collective investment funds, 15-16, 256-57Commercial Bank Entry Into Revenue Bond Underwriting, 22Common trust funds, 237Community development, bank contributions to, 278Compensating balances, 278Complaints, handling of citizens', 286Comptroller and Bank Supervision, The, 22Comptroller of the Currency, Office of:

Administration of, 23-26Administrative Assistants to the Comptroller, listed, 180Comptroller's addresses and Congressional testimony,

241-71Comptrollers listed, 179Deputy Comptrollers listed, 180financial operations of, 27-30litigation against, 16Organization of, 26public-interest policies of, 284-86selected correspondence of, 275-87

Comptroller's equity, 27-29Condition of National banking system, 1-2Condition reports:

dates of, 1914-68,210-11GAO access to, 264-65and new accounting regulation, 250-54revisions of, 22"window dressing" in, 277

Congressional testimony:of Robert Bloom, 267-68of William B. Camp, 263-67of Justin T. Watson, 269-71

Consolidations. (See Mergers.)Conversions:

and dual banking system, 279-80of National to State banks, 191of State to National banks, 6,10, 189, 257-59

Cooperation with other agencies, 286Corporate reorganizations:

charter applications pursuant to, 9,185charters issued pursuant to, 9, 187-88

Correspondence, 275-87Credit cards, 285Crime problems in National banking system, 263-64

289


1968

Crop insurance, 280-81Currency issue, 31

Data processing services, 278-79Demand deposits, 1-2De novo branches, 6, 11-13Deposits of National banks. (See Assets of National banks.)Deputy Comptrollers of the Currency, listed, 180Discounts of National banks, 218Dividends of National banks, 232Dual banking system, 257-59, 279-80

Economic analysis, 22Electronic data processing, 285Equity, Comptroller's, 27-29Examination of banks:

GAO access to reports of, 264-65strengthening of, 284-85of trust departments, 19

Examiners:education of, 14, 285pay system for, 24recruiting of, 24

Expenses of Comptroller's Office, 27, 29Expenses of National banks:

by deposit size, 1968, 229-31in 1967 and 1968, 4-5by States, 1968, 219-28

Farmers Home Administration loans, 280Federal Crop Insurance Corporation, 280-81Federal National Mortgage Association, 281Federal Reserve notes, 31FHA loans, 281, 284Fiduciary activities, 19Financial disclosure to shareholders, 285-86Financial operations of Comptroller's Office, 27-30Fiscal Management Division, 23Foreign branches:

assets and liabilities of, 1953-68, 236condition summarized, 20listed by region and country, 21number of, 1960-68, 236

General Accounting Office (GAO), 264-65Gwin, John D., remarks of, 257-59

Holding companies, 275-76Housing loans:

and FHA mortgages, 281for low-cost projects, 269-70to private developers, 281

Incidental powers, litigation on, 15Income of National banks:

by deposit size, 229-31in 1967 and 1968,4-5by States, 219-28summarized, 3of trust accounts, 238

Insurance agents, banks as, 15Insurance coverage for bank employees, 281-82Interest rates, "per annum" computation of, 282-83

Internal Audit Division, 25International banking, 20-21, 236International Banking Seminar, 20Investment funds, collective, 15-16, 256-57Issue of currency, 31

Jobs, National banks' programs to create more, 269

Law of trusts, 259-63Liabilities of Comptroller's Office, 28Liabilities of National banks:

at date of last condition report, 1950-68, 235by deposit size, 209of foreign branches, 236in 1967 and 1968, 2by States, June 29,1968,213by States, Dec. 31,1968, 216

Liquidations of National banks, 183, 189Listing of National banks, by States, 7Litigation, 15-18Loans of National banks:

from 1945 to 1968, 233guaranteed, 270-71housing, 269-70by States, 218

Losses of National banks, 1945-68, 233Lotteries, bank participation in, 283

Management of a National bank, 276-77Management Services Division, 24-25Mergers:

approvals described at length, 39-159approvals listed, 34-37consolidations, 190, 192pursuant to corporate reorganization, 187-88litigation on, 17-18of National with State banks, 190in 1968, 6, 13resulting in National banks, by assets, 1960-68, 198selected 1966 decisions on, 160-75by States, 1968, 193-98

Military facilities of National banks, 236Miller, Dean E., remarks of, 256-57, 259-63Minority businesses, aid to, 270-71Mortgages, 281, 283-84Municipal financing, 265-67

Net profits of National banks, 1944-68, 232Newly organized banks, by States, 186

Office of the Comptroller of the Currency. (See Comptrollerof the Currency.)

Off-premises activities, 16Organization of the Comptroller's Office, 26

Pay system, 24"Per annum," definition of term, 282-83Personnel Division, 23-24Political contributions by banks, 284Profits of National banks, 1944-68, 232Public interest, policies and procedures aiding, 284-86Publications of Comptroller's Office, 22, 25Purchases of State banks by National, 191

290


1968

Recoveries of loan losses, 1945-68, 233Recruiting methods, 24Regional Administrators of National banks, listed, 181Report of Income, 22Reporting procedures, 250-54, 277. {See also Condition

reports.)Reports to shareholders, 285-86Revenue of Comptroller's Office, 27, 29

Safety record, 25Securities of National banks:

increase in, 1losses and recoveries on, 1945-68, 234in 1967 and 1968, 2

Security protection, 263-64, 285Small Business Administration, 270"Split-Dollar Insurance Plan," 281-82State banks:

conversion of National banks into, 191conversion to National banks, 6,10,189, 257-59and dual banking system, 257-59, 279-80mergers or consolidations of National banks with, 190purchased by National banks, 191

State taxation of National banks, 286-87

Statistical analyses, 22Stock:

of bank holding company as collateral, 275-76voting of, 267-68

Structural changes in National banking system, 6-13

Taxation of National banks by States, 286-87Testimony of the Comptroller of the Currency, 263-71Travel agencies, banks as, 287Trust assets and income of National banks, 237-38Trust departments, 19Trusts, law of, 259-63

Underwriting of bonds, 15Urban problems, National banks' programs for, 269-71

VA loans, warehousing of, 284Voting of bank stock, 267-68

Warehousing of real estate loans, 284Watson, Justin T.:

Congressional testimony of, 269-71remarks of, 250-54

"Window dressing," 277

291


1968

INDEXAddresses of the Comptroller of the Currency, 293-98Administration of the Comptroller's Office, 21-23Administrative Assistants to the Comptrollers, listed, 222Administrative Services Division, 22Armored cars, 15-16Assets of the Comptroller's Office, 25Assets of National banks:

of acquiring and acquired banks, 1960-69, 248by deposit size, 260of foreign branches, 1953-69, 287of foreign branches, Dec. 31, 1969. 287at last condition report, 1950-69, 286in 1968 and 1969, 1by States, June 30, 1969,263by States, Dec. 31, 1969, 266of trust accounts, 288

Bank chartering. (See Charters and Chartering.)Bank examination:

administration of, 22of direction trusts, 309-10new procedures in, 13summary of 1969 activities in, 13

Bank holding companies, 315-16Bank mergers. (See Mergers.)Bank regulation, 295-98, 303-5Banking growth, 292-95Banking offices, by States, Dec. 31, 1969, 6Banking powers, litigation on, 1415Banking supervision, 295-98, 303-5Bloom, Robert, testimony of, 312-16Branches of National banks:

in calendar 1969, 10closed in 1969, 258-59denovo, 10, 11, 12foreign, 19-20, 287litigation on, 1516opened in 1969, 249-57by States, Dec. 31, 1969, 6

Camp, William B., addresses of, 293-98Capital accounts of National banks:

by deposit size, 260from 1944-1969, 284in 1968 and 1969, 1-2by States, June 30, 1969, 265by States, Dec. 31, 1969, 268

Capital stock of National banks, 225Cases in litigation, 14-17, 196-207Changes in structure of National Banking System, 224

Charters and chartering:applications by States, 1969, 7, 226-27applications pursuant to corporate reorganization, 8, 227and conversion by State banks, 9issued in 1969, by States, 7, 229-37issued pursuant to corporate reorganization, 8, 22937litigation on, 15

Collective investment funds, 14, 310-12Common trust funds, 289, 302-3Competition in banking, 296-98Comptroller of the Currency, Office of:

administration of, 2123Administrative Assistants to the Comptrollers, listed, 222Chief Counsel's Congressional testimony, 312-16Comptroller's addresses, 293-98Comptrollers, listed, 221Deputy Comptrollers' addresses, 298-312Deputy Comptrollers, listed, 222financial operations of, 24-27litigation, 1417organizational chart of, 23

Comptroller's equity, 24-27Condition of National Banking System, 1-2Condition report dates, 1914-69, 261-62Congressional testimony of Robert Bloom, 31216Consolidations:

of National banks with State, 238, 241(See also Mergers.)

Conversions:of National into State banks, 239of State into National banks, 9, 235

Corporate reorganization:charter applications pursuant to, 8, 227charters issued pursuant to, 8, 229-37

Credit, counterinflationary control of, 306-7Credit card transactions, 1415

Dates of reports of condition, 26162De novo branches, 5, 10, 11, 12Deposits of National banks. (See Assets of National banks.)Deputy Comptrollers of the Currency, listed, 222Direction trusts, 308-10District of Columbia, banking in, 31516Dividends of National banks, 284

Edge Act subsidiaries, 19Electronic data processing, 13, 14Employee benefit trusts, 308-10Equity, Comptroller's, 24-27

317


1969

Examination of banks:administration of, 22and direction trusts., 309-13new procedures in, 131969 activities, 13

Expenses of Comptroller's Office, 24-27Expenses of National banks:

by deposit size, 282-83in 1969, 3-4by States, 270-81

Federal Reserve Act, 299-300Federal supervision of banking, 295-98, 303-5Fiduciary activities. (See Trust departments.)Financial Operations of the Comptroller's Office, 24Fiscal Management Division, 21Fiscal-monetary policy, 3057Foreign branches:

assets of, 1953-69, 287assets and liabilities of, Dec. 31, 1969, 287and international finance, 19number of, 1960-69, 287by region and country, 20

Holding companies, 315-16

Incidental powers, litigation on, 14Jtncome of Comptroller's Office, 24-26Income of National banks:

by- deposit size, 282-83from 1944 to 1969, 285in 1969, 3-4;by States, 270-81of trust accounts, 288

Inflation, and monetary policy, 305-7Initiative in banking, 293-95Installment loans, interest deduction from, 312-13Insurance agents, banks as, 14Interest:

on credit card transactions, 14-15deduction from installment loans, 312-13rate and inflation, 306

Internal Audit Division, 22International banking, 19-20Investment funds, 14, 310-12

Law of trusts, 307-10Liabilities of Comptroller's Office, 25Liabilities of National banks:

by deposit size, 260of foreign branches, 287at last condition report, 1950-69, 286in 1968 and 1969,2by States, June 30, 1969, 264by States, Dec. 31, 1969,267

Liquidation of National banks, 238Listing of National banks, by States, 6Litigation, 14-17Loans of National banks:

from 1945 to 1969, 285by States, 269

Losses of National banks, 1945-69, 285

Main office relocations, 15

Management Services Division, 21-22Managing agency funds, 31012Mergers, 30-217:

abandoned, after litigation, 207-17approvals, opinions, 37217approvals listed, 3035in 1969, 12, 30-35involving 2 or more operating banks, 30-32, 37-157litigation, 16-17, 196-207of National with State banks, 238pursuant to corporate reorganization, 33-35, 157-96,

229-35resulting in National banks, by assets, 1960-69, 248by States, 1969, 229-35, 242-48

Miller, Dean E., addresses of, 298-305, 307-12Monetary policy, 305-7Motter, David C , addresses of, 305-7Mutual funds, 310-12

Newly organized National banks:litigation on, 15by States, 228

Number of National banks in each State, 6

Office of the Comptroller of the Currency. (See Comptrollerof the Currency.)

Opinion of independent accountant, 27Organization chart of the Comptroller's Office, 23

Personnel Division, 21Private enterprise, banks as, 296Purchases of State banks by National, 240

Recoveries of National banks, 1945-69, 285Regional Administrators of National banks, listed, 223Regulation 9, 300-1Regulation Q, 307Rejected applicants, litigation on, 15Relocation of main office, 15Reports of condition, 261-62Revenue of Comptroller's Office, 26

Securities of National banks:losses and recoveries on, 1945-69, 285in 1968 and 1969, 1

State banks:consolidations of National banks with, 238, 241conversion of National banks into, 239conversion to National banks, 9, 235mergers with National banks, 238, 242-48purchased by National banks, 240

State taxation of National banks, 313-15Structural changes in National Banking System, 5-12, 224Supervision of banking, 295-98, 303-5

Taxation of National banks by States, 313-15Trust departments:

activities summarized, 18assets and income of, by States, 288operation of, 298-302

Trusts:common, 289, 302-3direction, 308-10law of, 307-10

318 U.S. GOVERNMENT PRINTING OFFICE: 1970


1969

13608_1965-1969

Documents

assets of national banks

capital of national

liabilities of national

branches of national

charters of national

national banks ornational

national andstate banks

closed banks