The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1898-01-03
STATE BANK COMMISSIONERS
THEIR ANNUAL REPORT SUBMIT-
TED no G0VERNOR COOKE.

Ii Shows an Increase In Deposits; Also Net
Increase in Profits Of S3Os s,5e1-Busi-
ness in Substantial Investments Has
Been Gratifyin. With Decided Decrease
in Poor Loans.
Hartford, Jan. 2.-The annual report
of the bank commissioners, with the an
nual statements of the savings banks,
state banks and trust companies, which
has just been presented to Governor
Cooke show the monetary institutions Of
the state to be in a very gratifying con-
dition. There are SO savings banks, the
same number as last year, with a total
assets of $166, ,175, ,21367 against s159, ,426,-
1851 for the proceeding year, while the
increase of deposits for the year
amounts to $6,473242.09 being an in
crease of Sl35, 500. % over the increase Of
1896. The amount of surplus was in
creased $341 ,080 over that of the pre-
vious year, while interest, profit and
loss were decreased s92, ,50S5S, making a
net increase In the profit accounts Of
$30S, ,521.93. after having paid $5,S67, ,27S.5S
in dividends to depositors.
In analyzing the assets and liabilities
the commissioners state there has been
large increase along the line of solid
investments, in that the loans on real
estate, and the municipal and railroad
bonds amount to S7,172422 SO more than
the previous year, While on the other
hand, there has been decrease of ST.
3S3 565.03 In the least desirable class Of
investments, such as loans on collateral
security, loans on personal property,
bank stocks and miscellaneous assets.
number of depositors was 1925, of
which 8,212 were amor 6 the class having
less than $1,000 each on deposit, and
there are 800, 149 of this class out of a
total number of 366,661 depositors, with
deposits of $63,195,479S0 standing to
their credit which speaks well for the
thrift of the wage Garner, or small saw
er, who mainly make up this class. The
average amount due a depositor is
$425.37 against $419 Al of last year.
The assets of the state banks have in
missioners had to report decrease of
s315,563. The surplus and undivided
profits accounts have been increased
| $37,709.73; the deposits, $SS3,842.S3 and
| the net amount of cash and cash items,
s72, SOP IS. The assets Of the trust COM
| panies have likewise increased $685.
| 027.36, when the previous year they had
| decreased $553, 1876. The surplus and
| undivided profits have increased $751;
| 0o5.36 Last year they had decreased
| s4s.54o91. The deposits have increased
$609, ,s74G5, and the cash and cash items,
S126, ,61647.
| In it's report of the savings banks
! the commissioners say the banks are
as q whole, ably and economically ad-
ministered and the depositors have
good reason to continue their unbound
ed faith in the ability and confidence in
| the integrity of of the management OF
| these institutions. The proportion OF
expense Of carrying on the business the
| past year to total assets has been the
iinfiinitesimal sum of about two and one
half mills on the dollar, or about $2,65(
of expense to each s1,0O0,0OO of assets.
|
Albany, N. Y, Jan. 2.-The annual
report Of the New York state superin-
tendent of banks contains the following
paragraph: The number OF active state
banks OF deposit and discount in New
York at the close of the fiscal year end
ed September 80, 1897, was 212, which
was a net decrease of one as compared
with the corresponding date the yeal
before. The condition of the banks, as
a whole, has improved markedly during
the year, their aggregate resources hav'
ing increased about $55 100000, or more
/ than 20 per cent. Their discounts have
increased nearly $7,250.0O0, and the
amount due from banks and trust com
i panies more than $14,00O,ooo The gair
in general deposits, the item chiefly af
fecting earning power, has been nearly
S43. 900, 900, two-thirds of it having beer
realized during the periodfrom January
! 9, 1897, to September Is, 1897