← The Merchants National Bank of Minnesota The National Bank of Commerce of →

The Minnesota National Bank of

Duluth, Minnesota

Charter
#11810
Bank ID
11810
Years
1920–1941
Observations
22

Assets

Year assets loans securities_usgov securities_other cash_and_exchange cash_exchange_and_reserve frb_reserve other_assets
1920†
1921 3,050,844 1,877,387 220,548 183,837 583,055 125,336 60,681
1922 3,558,820 2,108,344 537,963 350,903 332,290 148,166 81,154
1923 3,830,401 2,168,505 514,742 471,986 402,605 146,993 125,570
1924 4,429,144 2,051,362 474,360 1,105,843 511,933 122,145 163,501
1925 4,738,227 2,147,071 452,332 1,055,786 858,613 72,958 151,463
1926 5,153,953 2,945,403 399,511 945,655 733,368 130,016
1927 5,031,735 2,305,539 371,553 1,383,220 845,106 126,317
1928 5,337,835 2,254,987 470,292 1,350,875 1,129,688 131,993
1929 5,326,294 2,816,648 543,863 783,054 793,804 388,925
1930 5,397,912 1,831,752 703,813 924,591 1,594,871 342,885
1931 4,703,601 1,627,406 919,840 981,548 857,840 316,967
1932 4,437,520 1,006,781 912,994 1,004,980 1,221,619 291,146
1933 4,432,557 731,794 1,669,344 639,619 1,094,894 296,906
1934 5,637,928 899,030 1,520,609 800,861 2,132,090 285,338
1935 5,955,205 881,328 2,523,728 711,067 1,602,979 236,103
1936 7,126,428 924,325 2,948,186 642,092 2,394,092 217,733
1937 7,418,920 1,102,362 3,179,097 424,335 2,474,484 238,642
1938 7,347,940 941,979 3,147,394 638,524 2,403,235 216,808
1939 7,876,324 1,606,115 2,859,852 687,961 2,489,331 233,065
1940 8,564,441 1,992,509 2,801,660 637,337 2,910,575 222,360
1941 9,942,666 2,179,006 3,543,011 533,175 3,463,352 224,122

† Yellow rows indicate estimated/filled-in observations (not directly reported in the source). ‡ Gray rows indicate years where the bank appears in the Historical NIC panel but no balance sheet was reported.

Liabilities & Capital

Year capital surplus undivided_profits surplus_and_undivided_profits notes_nb deposits demand_deposits time_deposits due_to_banks other_liabs
1920†
1921 600,000 124,081 147,300 1,117,163 486,776 570,556 4,968
1922 600,000 136,684 250,000 1,194,376 710,378 663,845
1923 600,000 162,250 246,300 1,199,252 866,557 754,574
1924 600,000 181,798 250,000 1,275,850 1,015,810 1,103,617
1925 600,000 161,957 245,000 1,758,661 1,053,921 895,748
1926 600,000 165,233 246,000 1,782,733 993,219 1,350,600 16,168
1927 600,000 172,839 247,600 1,993,363 1,015,074 975,835 27,024
1928 600,000 170,568 245,800 1,855,497 935,077 1,477,124 53,769
1929 600,000 120,000 82,198 250,000 4,244,715 29,381
1930 600,000 120,000 72,025 250,000 4,327,124 28,763
1931 600,000 120,000 69,072 245,860 3,655,123 13,546
1932 600,000 120,000 43,468 450,000 3,205,149 18,903
1933 600,000 60,000 30,646 450,000 3,274,499 17,412
1934 600,000 60,000 44,833 450,000 4,464,727 18,368
1935 400,000 103,000 103,243 5,310,581 38,381
1936 400,000 105,500 124,545 6,465,429 30,954
1937 400,000 108,200 105,020 6,751,844 53,856
1938 400,000 114,000 146,097 6,660,222 27,621
1939 400,000 116,500 140,727 7,182,478 36,619
1940 400,000 120,000 157,044 7,841,950 45,447
1941 400,000 124,000 162,638 9,202,750 53,278

† Yellow rows indicate estimated/filled-in observations (not directly reported in the source). ‡ Gray rows indicate years where the bank appears in the Historical NIC panel but no balance sheet was reported.