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Evening Post, Volume CXXXIII, Issue 135, 10 June 1942, Page 3

THE BIG BANKS

AMERICAN AND BRITISH

I The California Bank of Los Angeles, in its sixteenth edition of deposit liabilities of 150 of the largest American, British, Colonial, and i Dominion banks, places the Chase National Bank of New ■ York first with deposits of 3,534,966,617 dols.; National City Bank of New York, 2,878,821,222 dols., second; Midland Bank, London, 2,771,331.183*d015., third; and Barclays Bank, London, 2,600,976,741 dols., fourth. The conversion rate of the English pound has been taken at 4.04 dols. Of the first ten banks, five are American and five are British. The combined deposits for all banks in the compilation total, 63,792,966,738 dols., or 90 per cent, in excess of the depression low point of 33,523,082,172 dols. in 1933. 1 The British banks, numbering 50. with deposits of ; 24,331,314,347 d 015.,! are located in all parts of the. v Empire. England has 22 banks or head offices, Canada and Scotland 8 each, Australia 5, Ireland and the Orient 3 each, and New Zealand 1. London, with 17 banks and 15,216,017,485. dols. in deposits, heads the list Of British cities; Edinburgh, with five banks, is next, followed by Toronto with four, and Manchester, Montreal, and Sydney with 3 each. I In the English-speaking world th^re are approximately 15,000 smaller banks, *the great majority of which are domiciled in the United States. ; The California, Bank position is 96 in the list.' Banks trading in Australia and New Zealand occupy places in the list of 150 banks as follows,: —Bank of New South- Wales, 35; Com- | monwealth Bank, '38'; National Bank of Aus- | tiralasla, 89; Union Bank of Australia, 103; Bank of Australasia, 107; E.S. and A. Bank, 121; Bank of New Zealand, 123; Commercial Bank of Australia, 134. The Bank of England Is 14..in.."the. list.