Boston Mark J. Laverick Boston, Massachusetts 02108 Claude C. Phillippe New York, New York 10006 Alan R. Miller Philadelphia, Pennsylvania 19106 Richmond Albert E. Clark Richmond, Virginia 23219 Lewis C. Beasley Atlanta, Georgia 30303 William D. Allen Columbus, Ohio 43215 Wallace A. Ryen Chicago John J. Early Chicago, Illinois 60604 John Stathos St. Louis, Missouri 63101 Quinton Thompson Memphis, Tennessee 38103 Roger B. West Minneapolis, Minnesota 55402 Stanley Pugh Kansas City, Missouri 64106 Lloyd Thomas Dallas, Texas 75222 FEDERAL DEPOSIT INSURANCE CORPORATION Main Office: 550 17th Street, N. W., Washington, D. C. 20429 CONTENTS Page Disbursements to protect depositors. Supervisory activities ........... Federal legislation ............. Rules and regulations of the Corporation ... deposit insurance disbursements .......... LIST OF TABLES Page DISBURSEMENTS TO PROTECT DEPOSITORS: 1. Insured banks closed during 1967 requiring disbursements by the Fed. eral Deposit Insurance Corporation ............ 19 2. Protection of depositors of insured banks requiring disbursements by the Federal Deposit Insurance Corporation, 1934-1967 3. Analysis of disbursements, recoveries and losses in deposit insurance transactions, January 1, 1934-December 31, 1967 . SUPERVISORY ACTIVITIES: 4. Mergers, consolidations, acquisitions of assets and assumptions of liabilities approved under section 18(c) of the Federal Deposit Insur ance Act during 1967 5. Bank examination activities of the Federal Deposit Insurance Corporation in 1966 and 1967 .............. 6. Actions to terminate insured status of banks charged with unsafe or un. sound banking practices or violations of law or regulations, 19361967 14. Description of each merger, consolidation, acquisition of assets or assumption of liabilities approved by the Corporation during 1967 ...... 43 ADMINISTRATION OF THE CORPORATION: 7. Number of officers and employees of the Federal Deposit Insurance Corporation, December 31, 1966 and 1967 .... ....... 34 FINANCES OF THE CORPORATION: 8. Statement of financial condition, Federal Deposit Insurance Corpora. tion, December 31, 1967 9. Statement of income and the deposit insurance fund, Federal Deposit Insurance Corporation, year ended December 31, 1967 ...... ............... 36 10. Determination and distribution of net assessment income, Federal De. posit Insurance Corporation, year ended December 31, 1967 . 11. Sources and application of funds, Federal Deposit Insurance Corpora. tion, year ended December 31, 1967 .. ........37 12. Income and expenses, Federal Deposit Insurance Corporation, by year, from beginning of operations, September 11, 1933, to December 31, 1967, adjusted to December 31, 1967 ............ 38 13. Insured deposits and the deposit insurance fund, 1934-1967 ............ 39 viii Page NUMBER OF BANKS AND BRANCHES: Explanatory note .... 154 101. Changes in number and classification of banks and branches in the United States (States and other areas) during 1967 ......... 156 102. Changes in number of commercial banks and branches during 1967, by State 103. Number of banking offices in the United States (States and other areas), December 30, 1967 Grouped according to insurance status and class of bank, and by State or area and type of office ....... ........ 160 104. Number and deposits of all commercial and mutual savings banks (States and other areas), December 30, 1967 ........... 169 .......... ......... 15 ASSETS AND LIABILITIES OF BANKS: Explanatory note ... 171 105. Assets and liabilities of all banks in the United States (States and other areas), June 30, 1967 Banks grouped according to insurance status and type of bank .... 172 106. Assets and liabilities of all banks in the United States (States and other areas), December 30, 1967 Banks grouped according to insurance status and type of bank .... 174 107. Assets and liabilities of insured commercial and insured mutual savings banks in the United States (States and other areas) ............ 176 108. Assets and liabilities of insured commercial banks in the United States (States and other areas), December 30, 1967 Banks grouped by class of bank out 1967 in the United States (States and other areas), December Banks grouped according to amount of deposits ........... operating throughout 1967 in the United States (States and other 183 111. Distribution of insured commercial banks in the United States (States and other areas), December 30, 1967 Banks grouped according to amount of deposits and by ratios of selected items to assets and deposits ..... ............. 184 .......... 180 ...... 181 Page INCOME OF INSURED BANKS: 187 ............ 190 ....... Explanatory note ........ 188 113. Ratios of income of insured commercial banks in the United States (States and other areas), 1959-1967 114. Sources and disposition of total income, insured commercial banks in the United States (States and other areas), 1959-1967 ..... ..... 191 115. Income of insured commercial banks in the United States (States and other areas), 1967 ......... 192 116. Income of insured commercial banks operating throughout 1967 in the United States (States and other areas) Banks grouped according to amount of deposits ................ 194 117. Ratios of income of insured commercial banks operating throughout 1967 in the United States (States and other areas) ............. 196 118. Income of insured commercial banks in the United States (States and other areas), by State, 1967 ..... 198 119. Income of insured mutual savings banks, 1959-1967 ........... .............. 208 120. Ratios of income of insured mutual savings banks, 1959-1967 ............ 210 121. Sources and disposition of total income, insured mutual savings banks, 1959-1967 ............. 211 122. Income of insured mutual savings banks in the United States (States and other areas), by State, 1967 212 BANKS CLOSED BECAUSE OF FINANCIAL DIFFICULTIES: ....... 217 Explanatory note ......... 218 124. Insured banks requiring disbursements by the Federal Deposit Insurance Corporation during 1967 ........... .. 219 125. Depositors, deposits and disbursements in insured banks requiring dis bursements by the Federal Deposit Insurance Corporation, 1934-1967 Banks grouped by class of bank, year of deposit payoff or deposit assumption, amount of deposits, and State ... 126. Recoveries and losses by the Federal Deposit Insurance Corporation on principal disbursements for protection of depositors, 1934-1967 ... 222 .......... ....... 220 |