NUMBER OF BANKS AND BRANCHES

Commercial banks include the following categories of banking institutions:

National banks;

Incorporated State banks, trust companies, and bank and trust
companies, regularly engaged in the business of receiving deposits,
whether demand or time, except mutual savings banks;

Stock savings banks, including guaranty savings banks in New
Hampshire;

Industrial and Morris Plan banks which operate under general
banking codes, or are specifically authorized by law to accept
deposits and in practice do so, or the obligations of which are
regarded as deposits for deposit insurance;

Special types of banks of deposit: cash depositories in South
Carolina; regulated certificated banks, and a savings and loan com-
pany operating under Superior Court charter, in Georgia; govern-
ment operated banks in American Samoa, North Dakota, and Puerto
Rico; a cooperative bank, usually classified as a credit union, oper-
ating under a special charter in New Hampshire; a savings insti-
tution, known as a "trust company," operating under special charter
in Texas; an employee's mutual banking association in Pennsylvania;
the Savings Banks Trust Company in New York; and branches of
foreign banks engaged in a general deposit business in New York,
Oregon, Washington, Puerto Rico, and Virgin Islands.

Private banks under State supervision, and such other private
banks as are reported by reliable unofficial sources to be engaged
in deposit banking.

Nondeposit trust companies include institutions operating under
trust company charters which are not regularly engaged in deposit
banking but are engaged in fiduciary business other than that inci-
dental to real estate title or investment activities.

Mutual savings banks include all banks operating under State banking codes applying to mutual savings banks.

Institutions excluded. Institutions in the following categories are excluded, though such institutions may perform many of the same functions as commercial and savings banks:

Banks which have suspended operations or have ceased to
accept new deposits and are proceeding to liquidate their assets
and pay off existing deposits;

Building and loan associations, savings and loan associations,
credit unions, personal loan companies, and similar institutions,
chartered under laws applying to such institutions or under general
incorporation laws, regardless of whether such institutions are
authorized to accept deposits from the public or from their members
and regardless of whether such institutions are called “banks" (a
few institutions accepting deposits under powers granted in special
charters are included);

Morris Plan companies, industrial banks, loan and investment
companies, and similar institutions except those mentioned in the
description of institutions included;

Branches of foreign banks, and private banks, which confine their
business to foreign exchange dealings and do not receive "de-
posits" as that term is commonly understood;

Institutions chartered under banking or trust company laws, but
operating as investment or title insurance companies and not en-
gaged in deposit banking or fiduciary activities;

Federal Reserve Banks and other banks, such as the Federal
Home Loan Banks and the Savings and Loan Bank of the State of
New York, which operate as rediscount banks and do not accept
deposits except from financial institutions.