|
The Commissioner of Banks and Trust Companies, appointed by the Governor, was established in 1965 to license, examine, and regulate state-chartered banks and trust companies (L. 1965, p. 2019). The commissioner is responsible for the administration of the Illinois Trust Company Act of 1887 and the Illinois Banking Act of 1955. The commissioner receives financial reports from institutions, appoints persons to examine the institutions, collects fees from the institutions to provide for the administrative expenses of his office, and rules on applications for charters, mergers, conversions, consolidations, changes of location, and dissolutions. These duties previously were performed by the Department of Financial Institutions and, prior to the department's creation in 1957, by the Auditor of Public Accounts.
The commissioner also serves as chairman of the eleven-member Board of Banks and Trust Companies which makes, alters, and amends rules and regulations proposed by the commissioner, requires reports from and makes recommendations to the commissioner, and submits proposals for amendments to the Illinois Banking Act.
409.001
ANNUAL REPORTS OF EXAMINATIONS OF BANKS. 1940-1969. 41 cu. ft. No index.
Reports are of annual examinations of banks chartered under the Illinois Banking Act and conducted by state bank examiners of the Auditor of Public Accounts (1940-1957), Department of Financial Institutions (1957-1965), and Commissioner of Banks and Trust Companies (1965-date). For 1940-1965 the annual reports generally include outgoing correspondence to the officers of the bank being examined concerning any irregularities revealed during the examination of the bank, general remarks on the condition of the bank suggesting improvements and pointing out irregularities and errors in the bank's operations, résumés or lists of bank officials and employees, lists of individuals maintaining large accounts, and questionnaires completed by the examiner concerning the bank's management and operations.
Beginning 1966 reports become more detailed and include outgoing correspondence to the bank officers concerning review of the report; general remarks by the examiner on banking practices; remarks by the examiner on practices and procedures of the installment loan department; answers to questionnaires on bank operations (e.g., names of affiliated corporations, use of banking quarters by other financial enterprises); lists of individuals maintaining large accounts; financial information concerning directors, officers, and employees; and reports of income and dividends of banks. Also included are questionnaires completed by the examiners concerning comments on the institution's future, management, loans and discounts, audits and internal control, record of minutes and related information (e.g., attendance record of board members at meetings), books and accounts (i.e., general ledger, liability ledger, collateral register), individual and savings ledger, general accounting, automation safe deposit department, customers' safekeeping, and supplementary comments of the examiner. Accompanying the reports are résumés, revised annually, of bank officials detailing pertinent information (e.g., personal worth, number of shares held).
409.002
TRUST COMPANY ANNUAL REPORTS. 1890-1971. 73 cu. ft. No index.
Annual reports are of trust companies or banks having trust departments filed with the Auditor of Public Accounts (1890-1957), Department of Financial Institutions (1957-1965), and Commissioner of Banks and Trust Companies (1965-date). Each report includes the name and location of trust company or bank and date of report. For 1890-1924 tabular summaries of the trust company's fiscal and operational condition generally include report of condition of trust company, listing assets and liabilities; itemized descriptions of individual trusts held (i.e., name of individual in whose name trust is held, value of real and personal estate held, source of appointment); and itemized lists of real estate held (i.e., description, location, market value, assessed value, book value), stocks and bonds held (i.e., name of issuer, description, number of shares, par value, market value), deposits in other banks (i.e., name of bank, amount of deposit), loans upon pledges of security (i.e., amount loaned, description of collateral security, par value, market value), and other assets and liabilities (e.g., amounts of accrued interest, bills receivable, overdrafts). Beginning 1920 itemized descriptions of trusts held are replaced by recapitulations of trusts (e.g., description of trust, number of trusts, value of cash, bonds and stocks, personal property, real estate). Also included beginning ca. 1920 are published reports on condition of banks accompanied by certificates verifying publication.
For ca. 1925-1971 each annual report includes only a recapitulation of trusts held; report of condition of trust company, listing assets and liabilities; reconcilement of cash due from banks and cash on hand; securities deposited with the Auditor, Department of Financial Institutions, or commissioner (i.e., description of security, interest rate, maturity date, par value); securities pledged by the banking department of the trust company (i.e., description of security, interest rate, maturity date, par value, current market value); report on condition of the bank; and copy of the published report and certificate verifying publication. Until 1946 questionnaires on general operations of the trust companies are included. Beginning 1953 work sheets of the Auditor, Department of Financial Institutions, or commissioner summarizing annual reports are included.
In addition to the annual reports files also contain reports of annual examinations of trust companies conducted by the Auditor. These examination reports appear occasionally for 1890-1946 and frequently for 1947-1954.
409.003
EXAMINATION REPORT SUMMARY ANALYSES. 1930-1975. 5 cu. ft. No index.
Summary analyses of annual examination reports on financial institutions include the date of examination, name of the examiner, capital (i.e., cash, securities, loans, investments), assets (i.e., demand, savings, time deposits), deposits (i.e., mortgages, borrowed money), liabilities (i.e., capital notes, debentures, common and preferred stock), miscellaneous information (e.g., violations of regulations and laws, number of operating branches, credit extensions), earnings for the calendar year, and numbers of loans charged-off and recovered.
These records are available at the Illinois State Archives, Office of the Secretary of State.
|
