FEDERAL DEPOSIT INSURANCE CORPORATION

Created by the act of June 16, 1933, entitled “An act to provide for the safer and more effective use of the assets of banks, to regulate interbank control, to prevent the undue diversion of funds into speculative operations, and for other purposes" (Banking Act of 1933), Public No. 66, 73d Congress, 48 Stat. 162, ch. 89; U.S.C., Supp. VII, title 12, sec. 264.

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New examination report forms...

Re-examination of insured commercial banks with inadequate capital..

Examiners' ratings of assets..

Examination for admission of banks applying for insurance during 1934.

Admission of banks with restricted deposits or contingent liabilities.

Examination staff....

Joint conference of supervisors of Federal examining forces.

The present examination program..

LEGAL ASPECTS...

Withdrawal from Temporary Federal Deposit Insurance Fund..

Display of sign....

Protection to uninvested trust funds during the period of the Temporary

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EXTENSION OF AND AMENDMENTS TO TEMPORARY INSURANCE PROVISIONS.

Reasons for the recommendations of the Corporation..

Amendments of June 1934

SUMMARY OF RECOMMENDATIONS FOR FEDERAL LEGISLATION.

Limitation of insurance to $5,000.

Regular assessments..

Standards of admission.

Capital changes, mergers and consolidations, and fidelity and burglary

insurance.

Purchase of assets of banks merging or consolidating.

Handling of payments to depositors in closed banks.

Technical changes.

SUMMARY OF RECOMMENDATIONS FOR STATE LEGISLATION.

State legislation affecting deposit insurance..

DEPOSIT INSURANCE AND THE BANKING STRUCTURE.

PART TWO

DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

INSURANCE RISK AND THE CONDITION OF COMMERCIAL BANKS.

Growth of deposits. . . .

Changes in bank assets accompanying the growth of deposits.

Cash and amounts due from banks..

Loans and discounts...

United States Government and other securities.

Criticized assets of insured commercial banks by size of bank.

Borrowings and other liabilities.

Total capital account. . . .

CAPITAL REHABILITATION OF INSURED COMMERCIAL BANKS NOT MEMBERS

OF THE FEDERAL RESERVE SYSTEM.

Improvement in net sound capital.

Sources of new capital funds.

The problem of adequate capitalization.

EARNINGS AND EXPENSES OF INSURED COMMERCIAL BANKS.

Earnings from current operations.

Recoveries, dividends and write-offs.

Rates of earnings and of interest paid.

Earnings and expenses of insured commercial banks not members of the

Federal Reserve System..

Rates of interest received and paid by insured commercial banks not

members of the Federal Reserve System.

EXTENT OF FEDERAL INSURANCE OF DEPOSITS IN COMMERCIAL BANKS.

Membership in the Temporary Federal Deposit Insurance Fund.

Fully insured and partially insured depositors.

Deposit insurance by class and size of bank.

Uninsured banks....

MUTUAL SAVINGS BANKS.

Mutual savings banks in the Temporary Federal Deposit Insurance

Fund.

Membership in the Fund For Mutuals

Changes during 1934 in the deposits of mutual savings banks insured

by the Federal Deposit Insurance Corporation..

Insurance of deposits in mutual savings banks, December 31, 1934.

Reconstruction Finance Corporation and mutual savings banks.

Earnings of insured mutual savings banks.

BANK SUSPENSIONS AND RECEIVERSHIPS.

Bank suspensions during 1934.

Causes of bank suspensions.

Banks in receivership..

CONTENTS

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PART THREE

RESEARCH REPORTS

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LOSSES TO DEPOSITORS IN SUSPENDED COMMERCIAL BANKS, 1865–1934....

Deposits in suspended banks..

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Losses to depositors..

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Relation of losses to deposits in active banks.

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METHOD OF ESTIMATING LOSSES TO DEPOSITORS IN SUSPENDED COMMER-

CIAL BANKS.

Relation of depositors' losses to deposits in active banks.

Basic data for estimating losses.

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LOSSES TO DEPOSITORS IN MUTUAL SAVINGS BANKS, 1865-1934.

Original deposit insurance law; section 12B of the Federal Reserve Act,

inserted by section 8 of the Banking Act of 1933.

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Amendments to deposit insurance law.

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REGULATIONS OF THE FEDERAL DEPOSIT INSURANCE CORPORATION.

Advertisement of membership in the Temporary Federal Deposit In-

surance Fund, Regulation A..

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Maximum rates of interest payable on deposits, Regulation B.

Amendments to Regulation B..

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Prohibition of payment of interest on deposits payable on demand,

Regulation C..

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Eligibility for insurance of deferred or restricted deposits, Regulation D.

Withdrawal from Temporary Federal Deposit Insurance Fund on July 1,

1934, Regulation E..

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Display of signs, Regulation F.

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CERTIFICATE OF MEMBERSHIP IN THE TEMPORARY FEDERAL DEPOSIT

INSURANCE FUND....

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FORMS AND INSTRUCTIONS.

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Certified statement.

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Instructions for preparing certified statement and schedule.

Report of condition-Form 64-Call No. 2..

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Instructions for the preparation of reports of condition on Form 64-

Call No. 2 by insured commercial banks not members of the Federal

Reserve System..

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Report of earnings and dividends-Form 73.

Instructions for preparation of earnings and dividend reports on Form 73

by insured commercial banks not members of the Federal Reserve

System.

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OPERATIONS OF THE CORPORATION TO DECEMBER 31, 1934

FINANCIAL ASPECTS OF THE CORPORATION:

1. Consolidated balance sheet, Federal Deposit Insurance Corpora-

tion and the Temporary Federal Deposit Insurance Funds,

December 31, 1934...

2. Statement of cash receipts and expenditures for the period from

September 11, 1933 (date of commencement of operations), to

December 31, 1934, Federal Deposit Insurance Corporation....

BANK EXAMINATIONS:

3. Capital status of commercial banks not members of the Federal

Reserve System approved for admission to insurance, January

1, 1934...

4. Number of insured commercial banks not members of the Federal

Reserve System classified according to the ratio of net sound

capital to total deposits. .

5. Classification of assets at time of examination for admission to

insurance Fund and at time of latest examination in 1934 and

early 1935, insured commercial banks not members of the

Federal Reserve System....

INSURED BANKS PLACED IN RECEIVERSHIP:

6. Creditors' claims against nine insured banks which suspended

during 1934..

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PART TWO

DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

INSURANCE RISK AND THE CONDITION OF COMMERCIAL BANKS:

7. Analysis of changes during 1934 in the deposits of licensed com-

mercial banks.

8. Changes during 1934 in assets and liabilities of licensed commercial

banks..

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9. Changes during 1934 in holdings by licensed commercial banks of

cash and amounts due from banks..

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10. Reduction during 1934 in loans and discounts of licensed commer-

cial banks.

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11. Examiners' classification of loans and discounts, and amounts of

loans and discounts written off, 1934....

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