II - State Bank Insured by Federal Deposit Insurance Corporation, but not a Member of Federal Reserve System, the Continuing Bank Cont'd Continuing bank Bank consolidated, merged, or assumed, and its total resources : Resources : U. S. Savings Bank, Newark, N. J. The Salem Bank, Salem, Ky. Total (8 banks). ΙΙΙ - National Bank the Continuing Bank. - 5 *Approval of Comptroller of the Currency not required to assumption of liabilities cases only because the capital stock or surplus of the assuming national bank was not less than the aggregate capital stock or aggregate surplus, respectively, of all the parties to the assumption of liabilities. (Comptroller of the Currency required to approve or disapprove all consolidations or mergers where the continuing bank is a national bank under the provisions of specific statutes). 1/ Includes 2 District of Columbia non-national banks. *While the Comptroller had no authority to approve or disapprove these transactions because there was no diminution in capital or surplus, the increase in capital by the resulting national bank did require the approval of the Comptroller. APPENDIX B Year Summary of consolidations, mergers, and purchase and sale transactions, by years. $552,435,446 1.393,302,452 302,468,222 1953. 67 523,680,925 48 676,103,752 1954 126 2,058,262,234 90 2,006,310,444 1955. 126 2,015,225,452 99 7,600,107,754 1956. 105 2,380,816,965 81 582,992,639 1957. 83 1,142,448,371 82 1,159,307,694 1958. 83 1,704,645,259 68 854,336,649 Total. 731 11,303,595,104 601 15,127,365,052 |