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TABLE XVII.-Number of banks in the United States, by class of bank, 1900-19511

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Preliminary.

1 Figures exclude those unincorporated or "private" banks not reporting to State banking authorities, except as noted in footnote 7 of this table. Banks in United States possessions are excluded except for 1 national bank in Alaska, which was a member of the Federal Reserve System from the time it opened for business in April 1915 until it was placed in voluntary liquidation in April 1921.

2 For 1914-22, figures are as of June; for remaining years, as of December.

3 The Federal Reserve System was established in December 1913.

4 The figures for 1900-1910 comprise all State-chartered banks, except mutual savings banks for which the data are not available.

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7 Beginning with 1928 the figures previously published have been revised to include certain large private banks which did not report to State banking authorities until 1934.

8 Beginning in 1941 the member bank figures and the insured mutual savings bank figures both include 3 member mutual savings banks which became members of the Federal Reserve System during 1941. These banks are not included in the total for "commercial banks" and are included only once in the total for "all banks."

As of June 30, 1947, the series was revised to conform (except that it excludes possessions) to the number of banks in the revised all bank series announced in November 1947 by the Federal bank supervisory authorities. The revision resulted in a net addition of 115 banks and 9 branches.

TABLE XVIII.-Number of branches in the United States, by class of bank, 1900-511

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1 Branches are defined to comprehend all branches or additional offices of banks at which deposits are received, checks paid, or money lent. However, from their inception in 1942, figures exclude banking facilities, military and other Government establishments provided through arrangements made by the Treasury Department with banks designated as depositaries and financial agents of the Government. 2 For years prior to 1924 the figures are not for any uniform month. For 1924 and for 1927-31 they are as of June; for 1925-26 and for 1932-50, as of December.

3 The Federal Reserve System was established in December 1913.

4 The figures for 1900-32 comprise all branches ofState-chartered banks except mutual savings banks for which the data are not available. Branches of unincorporated (private) banks not reporting to State banking authorities are excluded prior to 1934.

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7 As of June 30, 1947, the series was revised to conform (except that it excludes possessions) to the number of banks in the revised all-bank series announced in November 1947 by the Federal bank supervisory authorities. The revision resulted in a net addition of 115 banks and 9 branches.

TABLE XIX.-Major structural changes affecting number of commercial banks,

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» Preliminary.

1 Available information does not permit an exact reconcilement of the changes in the number of commercial banks during the earlier years with the number reported in operation at the end of each year in Table XVII. The principal reason is that in these years statistics collected on changes in commercial banks excluded private (unincorporated) banks, although such banks are included to some extent in the figures for commercial banks shown elsewhere. One relatively unimportant factor not included in this table is conversions of private banks to commercial banks and conversions of commercial banks to private banks. This factor has been insignificant since 1934 because the number of private banks has been very small. 2 Includes banks converted into branches. This does not affect the total number of banking offices.

TABLE XX.-Major structural changes affecting number of branches of commercial banks, 1938-511

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TABLE XXI.—Cumulative percentage distribution of the number of commercial banks, by size of total deposits

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TABLE XXII.—Cumulative percentage distribution of the number of branches, by the size of their total deposits

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TABLE XXIII.-Number of branches of commercial banks in the United States, selected years, and status of State law on branch banking1

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1 Some State laws make a distinction between branches and certain other types of additional offices. This table, however, covers all branches or additional offices within the meaning of sec. 5155 U. S. R. S., which defines the term "branch" as "any branch bank, branch office, branch agency, additional office, or any branch place of business at which deposits are received, or checks paid, or money lent.' However, the table excludes banking facilities at military and other Government establishments. (See footnote 1 to Table XVIII.)

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2 The designations opposite each State indicate the maximum area in which branches may be established. From summary of State laws on branch banking as of July 1, 1951, compiled by the Board of Governors of the Federal Reserve System.

3 Only offices, agencies, or stations for limited purposes as distinguished from branches are permitted under certain circumstances. Prior to May 1947 this type of branch banking was permitted in Wisconsin. 4 Prior to 1951, only agencies for limited purposes were permitted in New Mexico. Current law permits full-power branches in limited areas.

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