| American Banks and Bank Failures, 1920–1940 | ||||||
| Year | Total Number of Banks | Total Assets ($ billion) | Bank Failures | |||
| 1920 | 30,909 | 53.1 | 168 | |||
| 1929 | 25,568 | 72.3 | 659 | |||
| 1931 | 22,242 | 70.1 | 2,294 | |||
| 1933 | 14,771 | 51.4 | 4,004 | |||
| 1934 | 15,913 | 55.9 | 61 | |||
| 1940 | 15,076 | 79.7 | 48 | |||
SOURCE: Historical Statistics of the United States: Colonial Times to 1970 (Washington, DC: U.S. Government Printing Office, 1975), 1019, 1038–1039. |
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