Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-08-14
NATIONAL BANKS.
LARGE INCREASE DURING THE PAST YEAR
DEPOSITS AND RESOURCES,

DEPOSITS AND RESOURCES.
Washington special: The annual report of
the Comptroller OF the Currency will show
al increase OF nearly 200 in the number of
the national banks, and an increase If nearly
SZS,OO0,OO0 in the amount OF their capital
stock during the past yesr. The number of
Inc oanks now IN operation throughout the
country is 2425, and their capital stock
amounts to over $500,000,000. Tue amount
OF .neir deposlls reaches the enormous sum
Oh u ,O4Z.S5I 1863, which, however, is s22,-
OO0,OOO less than 1t was one year ago.
They hold about S400 900 900 OF the na-
tional government bonds, or one-third of the
euilre outstanding indebtedness Of the coun-
try. The increase of capital stock curing the
year has not kept pace with the numb-r Of
banks. MCsi OF those that have been char
tered during the year have been comparative
ly small. The amount OF capital stock now
averages about $780, 900 each, counting in the
old and wealthy bankS. In 1880 the average
was over $40 600, in 1873 it was S240,OO0, 10
1870 it was S280, 600. A rather interesting
fact TO note is that while the loans and dis
coUn's by the banks as total ara now two
and hall times the amount OF their capital
those OF the banks OF New York CITY are
nesrly five times their capital. The capital
stock of the banks OF New York City is S5O,-
100000, and their loans and discounts S244
100000.
Inc capital stock of all the banks of the
country is $500 000,0 900, and their loans aud
discounts S1,2S0,000,O0O. The deposits OF
the national banks as a whole are Just twice
that OF their capital, while those OF the New
York banks are four and a quarter times
their capital. The Issuing of currency does
not appear 10 be very popular amusement
with the New York banks. Their statement
OF national bank notes ouhtsuding show;
that their outstanding currency is little
over SIG 100000, or ons-third of their capital
stock, while the total outstanding currency oi
all national banks is $4,000 900, or nearly
two-thirds their capital stock. The capital
stock Of the New York banks averages over
Il 100000 each, wAile that of the banks
throughout the country, including that city,
is but $1,000 apiece on an average.
The capital stock OF the Cincinnsti banks
averages about 100000 apiece, that OF the
Chicago banks 5000. 900, the Minneapoli,
aud ST. Paul banks S720, 900 each, Louisville
$400, 600, st. Louis S50O,000, Pittsburg $500,
QUO, Cleveland 500, ,0G0, New Orleans S400,
900, Washington 100000, Baltimore 800,
600, Philsdelphia $500,000, Boston $3.50, 900
The State of Massachusetts has the larges
amount of capital in banks; that is to say
the banks in that State have larger capi
ial than the national banks in any othel
Sta,e. Their capital amounts to almos
SlO0,C00,000, and their circulation TO abou
$70000,000. New York State comes next
win capital OF about 800, 900 600, aud
| circu alton Of little less than S50,000,000
Penn.yivanis stands next in the lis, Ihel
On;o, then Connecticut, then little Rhod,
| Island, then Illinois, then Mary land, In
| diana, New Jersey, Kentucky, Michigan
Maine, Vermont, Iowa, New Hampshire
| Minnesota and Missouri follow 10 the orde
| named.
Tne number of private banks has consid
cradle increased during the year, and nov
aggregates about $500, with capital o
over S250,000,000, or an average of abou
| $4,000 each, against an average carital o
| $500, 900 each, possessed by the nstiona
back. This makes the banking capital o.
the country about S750,000,000.
| 1t may be all right, but 10 a newspaper
writer, who, Of course, is not a 6nancier,
| looks a little queer that the $500 nations
banks, with a capital OF S500,000 600, shoul
have loans and discounts outstanding to tn
a mount of 81 go, 100000, or more than tw
and a hslf tim, their capital, and that th
5000 banks OF the country, private an
national, with a capital of s750,000 ,00(
should be intrusted by a confiding people
with deposits TO the amount of IS 900, 600 ,00(
or exactly four times their capital, is quit
difficult Tor the mind unsccus omed to th
ways of wealth to understand. 1t is sal
that capital is "timid," but if there is any
thing more daring than this (bicycing omi
ted) it i. jlst little difficult to discover /,
the present moment.
The number of banks organized duriu
the year will reach nearly 200, a larger nun
Der than in any year since 1866. From 1S6
to 1867 the increase was very slow, being
the last six years little more as to numbe
than curing the single year jlst past. III
capital stock of thos organizing during Il
past year, however, has been email, only "a
ersging little over Sl25,000 each, while Il
average capital of the whole numbsr is
little over $200, 900 spiece.