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For sale by the Superintendent of Documents, U.S. Government Printing Office

LETTER OF TRANSMITTAL

TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,

Washington, D.C., June 15, 1959.
SIRs: In accordance with the provisions of section 333 of the United
States Revised Statutes, I have the honor to submit the following
report covering the activities of the Bureau of the Comptroller of the
Currency for the year 1958.
Respectfully,

RAY M. GIDNEY,

Comptroller of the Currency. THE PRESIDENT OF THE SENATE. THE SPEAKER OF THE HOUSE OF REPRESENTATIVES.

III

ANNUAL REPORT

OF THE

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 banksContinental United States and other areas

[Figures in millions of dollars)

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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.

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