New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-22
SAVINGS OF THE MILLIONS.
.xvrA1, REPORT OF Mr. PRESTON, STATE SUPER
1NTENDENT OF BANKING

1NTFNDFNT OF BANKING.
Albany. March oI.-statc superintendent OF BANK
ing Preston to-day transmitted to the LEGISLATURE ''
animal report showing the condition OF savings D'hS'
trust loan, mortgage security, guarantee anu III
IDENTITY companies or aSsoca'ioHS o'i ''
1890 The report says:
There were 127 savings banks In ac'ual cNs'oi0V VI
n a- dav Of last January. 119 Of which are In actNe
oneratlon The othcrs-thrce OF which nave i'''u ~
rcpor-having ceased to do business with only l." uO
lars due deposors, have ht'ic more INA" "O'.' '
existence The aggregate resources OF the savings Do
90 horn nv their reports this department at the De-
ginning Of the present year amount 10 So'f'- ~,
ond the total amount due depositors Is repesen'u "
s55o oGs 657 showing increase in resources uufs W
wear Of s29O37 100 and an increase IN amount que uo
os,,ors during the period amounting to T-o5oof-
The total amount loaned on bonds ana mof's"s,S az
the beginning Of the present year j. rel'eSo""' ~
so84 oo3 $40 At the beginning Of the previous year ~
mortgage loans amounted TO s2lto'olo', shoNi"s -" III
cro,sa during the year amounting 70 SIS e2s'Si'.
The stock investments at par values on tnc s' "S
la, 1,pua,v aggregated s29l 092 800 The estimated
market value OF such securities amounted 10
representing an actual cost Of S3l9S'o'oll'
The sum NJ $40 os sol represents the total amount OF
cash on hand and deposited with banks ana trust CONE
panles on January /. 1890, which Is niue over P
cent Of the amount due deloStois, showing u'''"
g. ESQ $50 during the previous year . loans
At the beginning Of the present year the f@"poi"'' ~
ou,od nv the ulcdce Of authorized coaterais ahou"
to s731o o67 which shows an increase OIL SS'o-'
;.. ,ho The amour. loaned on miscellaneous scNui'
es which were authorized previous to the enactment o
the general banking law Is Represented ~ 'i'o''
rho increase I'm deposits during The last ten years
amounts TO se3OsOs 1856 and during the last 'F'y !
.o, sss .oz an average annual increase Of Tlo-"o''
os4 40 The average annual increase during u' H'9 '
wears amounting 1913 os0,Sld. shows mat 'h' l'''
oce If increase is steadily gaining, notwithH''u"s Wv
srrc number Of quasi->avines institutions orsa1'u u
Tho building and loan association acts At the b's"s "
icon, wear the number OF positor- or open accounts
100 1877 at the beginning Of the previous year IL W."
aco s,o which shows increase Of 5slio curing Vc
last year. ,,o. credited dur
inc the wear was 99S being an increase oN'' w
ocsdina wear Of soOeo79. The total amount Of diVi'
ad ~ interest credited during the last ten years l.
st54 57s 100 or an annual average Of slo4'''Slo'
Tho SUPERINTENDENT recommends lceisauoh CON-
Melting all dormant Banks to surrender thclr charters
The following table contains list OF failed savings
banks r,,,.,
S SrGsn Savings Bank NcwYotk city Is per cen:
hoWH rse savinrS INSTITUTION CoNsackie per cent
-, ,, side SAVINGS ban" Sew York City Zone
,,,a.,,ion Savings Institution New Yor Ciiy Nene; -
FSnfonja SAVINGS Bank York ely = Per Per cen,
r,r svenuo Savings Bank NewYork CIV - per cent
Yoysy.iie savings Bank ...... New-YoiH cry None
4 summary Of The various items OF resources III"
liabilities of the thirtyone trust loan ana mo-'No
connancs in actual existence in this state on January
l. $50 is as follows 900. 49, enc o..
ablitlcs-Captal stock paid IN IN cash.. M S S -
surplus fund 49, i0- 40
Ind vded moht.. '''.... sSiifi.e IL
t.on,rai C.pJsit~ ll-''s- 10,
Bond, outstanding .....'' @ ..'.' 425s 3s9 q
o,Aer liabilities '''''''- -
Total "