Table 120. DISBURSEMENTS, DEPOSITS, AND DEPOSITORS IN INSURED BANKS FINANCIALLY AIDED BY BANKS GROUPED BY CLASS OF BANK, YEAR OF AID, AMOUNT OF DEPOSITS, AND STATE 1 Includes only principal disbursements made through December 31, 1950. Excludes estimated additional disbursements of $17,000 and expenses incident to the transactions. • Data from books of FDIC, December 31, 1950. • Number of deposit accounts. Table 121. ASSETS AND LIABILITIES OF INSURED BANKS PLACED IN RECEIVERSHIP AND OF INSURED BANKS ABSORBED WITH THE FINANCIAL AID OF THE FEDERAL DEPOSIT INSURANCE CORPORATION, 1934-1950 AS SHOWN BY BOOKS OF BANK AT DATE OF CLOSING Total $121,942,751 $80,606,724 $74,367,998 $238,530,556 $22,499,020 $59,563,796 $13,663,690 $611,144,445 $531,192,746 $11,672,568 $25,155,114 $38,316,611 $4,807,406 RECEIVERSHIPS Total $22,620,382 $10,154,078 $15,946,562 | $65,569,217 $5,375,616 $12,293,686 $8,330,507 $140,290,048 $107,374,564 $10,122,023 | $5,896,246 $12,254,299 |$4,642,916 ABSORPTIONS Total $99,322,369 $70,452,646 $58,421,346 $172,961,339 $17,123,404 $47,270,110 $5,303,183 $470,854,397 $423,818,182 $1,550,545 $19,258,868 $26,062,312 $164,490 Includes surplus, undivided profits, and reserve funds minus operating deficit, if any, as shown by books. Minus (-) indicates net operating deficit. No insured bank has been placed in receivership since 1944. As of December 31, 1950. Absorbing bank Table 122. NAME, LOCATION, FEDERAL DEPOSIT INSURANCE CORPORATION DISBURSEMENT, AND ASSETS AND LIABILITIES OF INSURED BANKS ABSORBED WITH THE FINANCIAL AID OF THE CORPORATION DURING 1950 Maynard-Allen State Bank, Guaranty Bank and Trust Company, The First National Bank of Joliet, Minooka, Illinois 170 First National Bank in Cecil, Cecil, Pennsylvania National bank 1,785 October 9, 1950 1,030,114 The First National Bank of McDonald, McDonald, Pennsylvania Case number 1 Number of accounts as of December 31, 1950, from books of FDIC. 14,150 25,000 50,000 -1,657,647 As of December 31, 1950; does not include preliminary and field liquidation expenses or advances for the protection of assets incident to the transaction. As determined by FDIC agents after adjustment of books of bank for liabilities discovered subsequent to closing. Includes surplus, undivided profits, and reserve funds minus operating deficit, if any, after adjustment for liabilities discovered subsequent to closing. Minus (-) indicates net operating deficit. $26,030 $4,005,118 $5,766,506 $197,835 $9,650 $114,150 $-2,083,023 707 23,955 744,421 1,291,405 1,126,402 991,329 197,835 9,650 1,331,539 1,403,375 25,000 -406,981 78,441 -96,836 1,868 637,753 2,245,400 Table 123. RECOVERIES AND LOSSES BY THE FEDERAL DEPOSIT INSURANCE CORPORATION IN CONNECTION WITH INSURED BANKS FINANCIALLY AIDED BY THE CORPORATION, 1934-1950 AS SHOWN BY BOOKS OF FDIC, DECEMBER 31, 1950 (Amounts in thousands of dollars) 1 Differs from amount of principal disbursements as given in Table 120 by including unpaid insured deposits, expected to result in additional FDIC disbursement of $17 thousand ($12 thousand in 1939 and $5 thousand in 1943). Sum of losses in the cases in which the disbursement by the Corporation to protect depositors was not repaid in full. Excludes interest or gains in cases in which the disbursement by the Corporation was fully recovered and gains or losses on assets purchased by the Corporation from receivers of closed banks. For the net loss to the Corporation ($514 thousand less than here shown), see the item, "Losses" in Table 16, p. 28. |