Table 119. RATIOS OF INCOME, EXPENSES, AND DIVIDENDS OF INSURED MUTUAL SAVINGS BANKS, 1951

DEFOSIT INSURANCE DISBURSEMENTS

As shown by books of bank at date of closing

As shown by books of FDIC, December 31, 1951

Disbursements by the Federal Deposit Insurance Corporation
to protect depositors have been made when insured banks because of
financial difficulties are placed in receivership or are absorbed with the
aid of the Corporation. In receiverships the disbursement is the amount
paid by the Corporation on insured deposits. In absorptions the Corpora-
tion's disbursement is the amount loaned to absorbed banks, or the
price paid for assets purchased from them.

Detailed data for insured banks placed in receivership are omitted
since there has been no receivership since 1944. For such data, see
the Annual Reports of the Corporation for 1946, pages 167 and 171,
and 1950, page 280.

Deposits of insured banks placed in receivership as given in Table
120 are taken from the books of FDIC at the end of the year and differ
from the deposits in Table 121 which are taken from books of the
bank at date of closing. This is because the former include deposits
discovered or reclassified after the date of a bank's closing.

Details of the absorptions during 1951 are given in Table 122. The
disbursements by the Corporation were made to purchase assets from
the selling banks which were not acceptable to the purchasing banks.
Noninsured bank failures

Three noninsured banks failed in 1950. The name and location of
these banks and their deposits and date of closing are given below.
Corbin State Bank, Corbin, Kansas, February 1951, deposits $165,000.
The Commercial Bank of Tolfree, Livingston and Company, West
Branch, Mich., July 1951, deposits $1,600,000.

Bank of Pickford, Pickford, Mich., October 1951, deposits $924,000.
For suspensions of noninsured banks in previous years, see the
Annual Reports of the Corporation as follows: 1943, p. 102; 1946,
p. 167; 1947, p. 159; 1949, p. 187; and 1950, p. 277.
Sources of data

Insured banks; books of bank at date of closing; and books of FDIC,
December 31, 1951; noninsured banks, news reports.