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LETTER OF TRANSMITTAL
Washington, D.C., June 15, 1959.
RAY M. GIDNEY,
Comptroller of the Currency. THE PRESIDENT OF THE SENATE. THE SPEAKER OF THE HOUSE OF REPRESENTATIVES.
COMPTROLLER OF THE CURRENCY
STATUS OF NATIONAL BANKING SYSTEM
On December 31, 1958, total assets of the 4,593 banks supervised by the Comptroller of the Currency were $129.5 billion. The national banking system maintained its relative position with 46.6 percent of the banking assets in the commercial and savings banks of the Nation, and 53.9 percent of the commercial banking assets. Commercial banks numbering 8,921 which are supervised by the respective 48 State banking authorities held assets of $110.6 billion, and 520 State-chartered and supervised mutual savings banks had assets of $37.8 billion. For all banks, assets were $277.9 billion, an increase of $18.7 billion for the year, which were held in the following types and categories of banks.
All operating banks—Continental United States and other areas
[Figures in millions of dollars)
1 Supervised by Comptroller of the Currency. (Includes 8 nonnational banks in the District of Columbia, 4 member and 4 nonmember insured banks with 27 branches.)
2 Includes 7 national banks outside continental United States.
3 Supervised by State banking departments and the Federal Reserve System. (Includes 1 member nondeposit trust company.)
* Supervised by State banking departments and Federal Deposit Insurance Corporation. • Supervised by State banking departments only.