NUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS Table 101. Changes in number and classification of operating banks and branches in the United States and possessions during 1951 Table 102. Number of operating banks and branches, December 31, 1951 Grouped according to insurance status and class of bank, and by State and type of office Table 103. Number and deposits of operating banks, December 31, 1951 Banks grouped according to insurance status and by district and State The line of demarcation between banks and other types of financial institutions is not always clear. In these tables provision of deposit facilities for the general public is the chief criterion. However, trust companies engaged in general fiduciary business though not in deposit banking are included; and credit unions and savings and loan associations are excluded except in the case of a few which accept deposits under the terms of special charters. The tabulations for all banks and trust companies shown here and in Tables 104-106 are prepared in accordance with an agreement among the Federal bank supervisory agencies. The data are tabulated from individual reports of assets and liabilities of the banks included. Institutions included are classified in three groups: commercial and stock savings banks, nondeposit trust companies, and mutual savings banks. However, the second category does not apply to insured banks. Commercial and stock savings banks include the following categories of banking institutions: National banks; Incorporated State banks, trust companies, and bank and trust Stock savings banks, including guaranty savings banks in New Industrial and Morris Plan banks which operate under general Special types of banks of deposit: cash depositories in South Branches of foreign banks which engage in a general deposit Mutual savings banks include all banks operating under State Institutions excluded. Institutions in the following categories are Banks which have suspended operations or have ceased to accept Building and loan associations, savings and loan associations, Morris Plan companies, industrial banks, loan and investment Branches of foreign banks, and private banks, which confine Institutions chartered under banking or trust company laws, but Federal Reserve banks and other banks, such as the Federal Home The postal savings system. Table 101. CHANGES IN NUMBER AND CLASSIFICATION OF OPERATING BANKS AND BRANCHES IN THE UNITED STATES AND POSSESSIONS DURING 1951 Number of banks, December 31, 1951. Net change during year. Banks beginning operations. 1 Includes 3 mutual savings banks members of the Federal Reserve System, December 31, 1951, and December 30, 1950. Includes 3 financial institutions becoming banks of deposit, and 2 noninsured institutions (1 bank of deposit and 1 nondeposit trust company) previously in operation but not included in count as of December 30, 1950. Includes 1 bank placed in liquidation in 1950, but included in count as of December 30, 1950. Also includes 2 noninsured banks replaced by branches of insured nonmember Offices closed. Banks. Branches. Changes in classification. Among banks. Among branches. |