Annual Report of the Comptroller of the Currency to the ... Session of the ... Congress of the United States, Volume 92U.S. Government Printing Office, 1955 - Banks and banking |
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77 banks ACCOUNTS Capital stock Assets and liabilities assigned to secure Bank and Trust bank at date bank premises Bills payable branch banking CAPITAL ACCOUNTS Capital cash items certified and cashiers Common stock Currency and coin debentures December 31 deposits certified Deposits of banks deposits of individuals Deposits of U. S. discounts including overdrafts District of Columbia earned or accrued ended Dec Expenses accrued Federal Reserve bank furniture and fixtures guaranteed by U. S. Income collected items in process June 30 liabilities and capital liabilities of national Loans and discounts MEMORANDUM Assets pledged North Dakota Number of branches partnerships pledged or assigned political subdivisions Postal savings deposits preferred stock real estate rediscounts Reserve with Federal secure liabilities South Carolina stock of Federal Territory of Hawaii thousands of dollars Total assets Total banking units Total capital accounts Total deposits Total liabilities Trust Company U. S. Government securities Undivided profits valuation reserves
Popular passages
Page 36 - REPORTS FROM BANKS National banks in the continental United States, Alaska, the Territory of Hawaii, and the Virgin Islands of the United States were, in accordance with the provisions of section 5211 of the Revised Statutes, called upon to submit four reports of condition during the year ended December 31, 1954.
Page 39 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 36 - BDls payable, rediscounts, and other liabilities for borrowed money Acceptances executed by or for account of reporting banks and outstanding..
Page 23 - ... trust company, or other banking organization, organized under any law of the United States, including the laws relating to the District of Columbia, shall be authorized to make payments to the -Association of the nonrefundable capital contributions referred to in subsection (b) of this section, to receive stock of the Association evidencing such capital contributions, and to hold or dispose of such stock, subject to the provisions of this title.
Page 38 - ... examined in 1974. FRS policy is to examine each State member bank at least once a year. It did not examine 2.5 percent of its banks in 1975. These banks had all joined FRS in 1975 or had been examined in 1974. OCC is the only agency of the three subject to a statutory examination frequency requirement. The National Bank Act requires that each national bank be examined at least twice each calendar year but allows the Comptroller to waive one examination at each bank once in 2 years. According...
Page 3 - However, if remedial action is to come from the legislature, this concept of past experience of the particular bank should be abandoned. As the Comptroller of the Currency has stated : "There is a need for a bad debt reserve formula, not limited to the loss history of the individual bank or group of banks, but based upon the sound premise that a normal proportion of loss must be expected in the business of lending, and such losses should be regarded as a banking hazard against which a reasonable...
Page 23 - ... empowered to make loans to smallbusiness concerns and such loans may be made either directly or in cooperation with banks or other lending institutions through agreements to participate. At the time of the creation of that agency section 24 of the Federal Reserve Act was not amended to provide that loans in which the Small Business Administration cooperates or purchases a participation should be excepted from the restrictions or limitations therein contained. The committee is of the opinion that...
Page 36 - Demand deposits of Individuals, partnerships, and corporations Time deposits of individuals, partnerships, and corporations Deposits of US Government, Including postal savings Deposits of States and political subdivisions . Deposits of banks Other deposits (certified and cashiers' checks, etc.) Total deposit»....
Page 22 - Act, provides in part that three-fourths of the directors of a national bank must be residents of the State in which the bank is located or within 50 miles of the location of the bank.