New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-03-02
n.rnRr nF mo RANKING pEpARrMENI
RESOURCES And LIABILITIES or sAvINGs lNsIi
1UGIoNs II TIE STATE.

RESOURCES ANp LIABILITIES OF SNNiN"N lNsll-
1UuoNs II THE STATE.
ArpA\Y. March 1.-The superintendent Of
N, thanking Department. William :. Paine, has sub
united his annual report to the Legislature IL says In
mart. Cn January l. Is7G tho aggregate resources OF
tho savings banks ot the state were S13i.536.633.
January l. $3.50 they were S5o3.925iS6 More than
al pr cent OF the total rc-Ources was invested IN stocks
or bonds Of the following classes January l. 1s-6
VIZ Uuitod states; District OF Coumha. 3G5'; bonds
NeN.York STATE aud OF other States which had not de-
f,ucd I'm payment Of principal or interest on their ob
cations for ten years previous To making such Invest
ments and M bonds issued by cities counties, towns
and villages Of TINS state Abont % per cent OF tho TO-
"a, resources Of sayiug- banks loaned on bonds
and mortgages esas IN this state worth At least
twc. the amount loaned thereon. the total amount In
v.-rd m real estate January l. lseG wIsS 72O> 2l5.
or this sum- S6ilGl6j reported AT the beginning
OF the present the estimated market value Of tho
the sixty banking houses owned By savings
banks OF tho state. Tho remaining BANKS Lease
m, premisrs occupied by them The actual cost
az the banking buildings T9395,2lG IS
The total amount Of cash held IN their own vaults
January l. ss6 was SG,27s.l9l On January /. lss5.
It was Sjss0.270. Tho aggregate amount OF cash dc
noted with banks aud trust companies at the beginning
Of The present year S2922S,6So. with tho eNcep
INN M thrilling amount these deposits earning rates
of interest ranging from to per cent the average
rate being no. The amount due depositors on jan
nary l. 1856 was Sij7 ,OJO,2JO On January |, 1850, II
was Si37 O7,jOl. an Increase during the year OF
7I9 against 50 OJ7 l9l for tho preceding year
The aggregate Of deposits received during the year 1851
not Including interest credited for that period was
sl57.glO.73G; tho amount Withdrawn was
,l52IOO.OGI On January l. 1856 the number
| of depostors open accounts was l,2Os'O'2'
| nm Incretse OF 42.s9s during the year.
The total surplus Of the sayngs banks January l. lisp
was ST. 2s2,sSO January /, 1850. IL was T6s6tvOol
Such -ut plus estimated market Valu" OF stock IN
/ ye,tmcus aud present yniuo OF real estate. Taxing
attack value aud real estAto NJ "hfkrJ
yue the surpnA T. P24 1923, an Increase during me
wear o 6l3 1888 market value basis, aud Tb5o,-3-
ON p9r value basr The sum Ol 9l0l1lOi9 In interest
or dividends paid credited To deposItOrs DURING
| the year 1853. Forty banks holding deposits of
Sl769Jl $40 20 paid uniform rate OF four Der cent
one bank with SJ06.O22 80 Of deposits rad four ana
Dcr cent seventeen banks, with 3JO0oOZo %
| pnii three and One-haf per cent 49,,
Discussing the latter qdesOn tho report says: "ln
conclusion II Is suggested that II the Bland act remain
uurruraled whether II may not be advisable Tor savings
IN making loans t. Htpulhls that payments
snail be mad IN gold coin or It's equivalent Indeed j
they are a. has been shown the wards OF the state II
not the dnty body To protect their deposltOrr
froR by or the result OF ill-dVised congress
slOual legislation