BANK CONCENTRATION UP; 10 HOLD NEARLY 15 BILLION
Bank Concentration Up; Hold Nearly 15 Billion BY LABOR RESEARCH ASSOCIATION AT the end of 1939 deposits in all banks in the United States totalled $69.5 billion, a new lecord high. Ten years...
...of Nov York...
...Number of banks has decreased markedly in the last decade—from 24,630 in 1929 to an estimated 15.090 at the end of 1939...
...1,053,424,000 Manufacturers Trust Co...
...1,482,791,000 Continental Illinois National Bank and Trust Co., Chicago 1,324,094,000 Bankers Trust Co...
...In 1939 the 10 largest banks held $14,822,000,000, or 21.3 per cent of the total deposits, compared with only $9,124,500,000, or 15.6 per cent of the total in 1929...
...2,331,257,000 Guaranty Trust Co...
...New York City...
...Guaranty Trust Co...
...NEW YORK CITY—The Dance Teachers Union, which received a charter from the AFL March 11, has set out to improve conditions in dance studios and ballrooms...
...1,125,410,000 Central Hanover Bank & Trust Co., New York City...
...and Texas Gulf Sulphur Co., of their intention not to increase the base price of sulphur in the forseeable future, the department has concluded that urgent public necessity no longer requires further proceedings against the sulphur industry at this time," the announcement said...
...Trust Action in Sulphur Dropped WASHINGTON, D. C—Anti-trust proceedings against corporations in the sulphur industry are being dropped at this time, the Department of Justice here announced...
...1,106.736,000 First National Bank oi Chicago...
...743,640,000 The three largest New York banks, due partly to imports of gold from abroad, increased their deposits by more than a fourth in 1939 over 1933...
...Ten years earlier, at the end of 1929, total deposits had been $58.5 billion...
...762,763,000 First National Bank, Boston...
...San Francisco...
...Ten largest banks in the country at end of 1939 in the order of size of their deposits were: Name of Bank Deposits at end of 19:i9 Chase National Bank...
...and Italian producers, and the statement of intention by the former to advise the department before any renewal or the making of an agreement similar in character, and further, in view of the announcement by the two principal domestic producers, Frceport Sulphur Co...
...New York City...
...2,803,730,000 National C'ilv Bank of New York...
...New York City...
...2,088,427,000 Bank of America N. T. A S. A...
...This bank at the end of 1939 reported surplus and undivided profits of $184,702,000, compared with $133,292,000 reported by the Chase National bank...
...In view of the virtual suspension of the international agreement between the Sulphur Export Corp...
...close to the Morgan interests, increased its deposits in this period by 29 per cent...
Vol. 10 • April 1940 • No. 14
