Total

Insured

Nonin-
sured

Total Insured

Nonin-
sured

com

Back figures: See the Annual Report for 1951, pp. 188-139, and earlier reports.

ASSETS AND LIABILITIES OF OPERATING BANKS

Banks grouped by district and State

Statements of assets and liabilities are submitted by insured com-
mercial banks upon either a cash or an accrual basis, depending upon
the bank's method of bookkeeping. Assets reported represent aggregate
book value, on the date of call, less valuation and premium reserves.
Assets and liabilities held in or administered by a savings, bond,
insurance, real estate, foreign, or any other department of a bank,
except a trust department, are consolidated with the respective assets
and liabilities of the commercial department. "Deposits of individuals,
partnerships, and corporations" include trust funds deposited by a trust
department in a commercial or savings department. Other assets held
in trust are not included in statements of assets and liabilities.

In the case of banks with one or more domestic branches, the assets
and liabilities reported are consolidations of figures for the head office
and all domestic branches. In the case of a bank with foreign branches,
net amounts due from its own foreign branches are included in "Other
assets," and net amounts due to its own foreign branches are included
in "Other liabilities." Branches outside the continental United States
of insured banks in the United States are treated as separate entities
but as in the case of other branches are not included in the count of
banks. Data for such branches are not included in the figures for the
States in which the parent banks are located. Nine branches in Puerto
Rico of 2 national banks in New York became insured in July 1952.
Asset and liability data for these branches are included with insured
bank figures for Puerto Rico and for all insured banks.

Since June 30, 1942, demand balances with and demand deposits
due to banks in the United States, except private banks and American
branches of foreign banks, exclude reciprocal interbank deposits.
Reciprocal interbank deposits arise when two banks maintain deposit
accounts with each other.

Beginning with June 30, 1948, individual loan items have been

reported gross instead of net of valuation reserves. Accordingly, re-
serves for losses on loans under the provisions of Mimeograph 6209
issued by the Bureau of Internal Revenue in December 1947 and other
loan valuation reserves have been shown separately.

Instalment loans are ordinarily reported net if the instalment pay-
ments are applied directly to the reduction of the loan. Such loans are
reported gross if, under contract, the payments do not immediately
reduce the unpaid balances of the loan but are assigned or pledged to
assure repayment at maturity.

Total deposits shown in these tables are not the same as the deposits
upon which assessments paid to the Federal Deposit Insurance Cor-
poration are based. The assessment base is slightly lower due to certain
exclusions which are permitted and deductions which may be claimed.
Asset and liability data for noninsured banks are tabulated from
reports pertaining to the individual banks. In a few cases these reports
are not as detailed as those submitted by insured banks, and some of
the items reported have been allocated to more detailed categories
according to the distribution of asset and liability data for insured
State banks not members of the Federal Reserve System or for other
noninsured banks.

Sources of data

National banks and State banks in the District of Columbia not
members of the Federal Reserve System: Office of the Comptroller of
the Currency.

State banks members of the Federal Reserve System: Board of
Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.
Noninsured banks: State banking authorities; Rand McNally Bankers
Directory; Polk's Bankers Encyclopedia; and reports from individual
banks.