The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1899-11-24
BANK RESOURCES.
Some Interesting Facts and Figures
from Report of the Comptroller
of the Treasury.

Washington, Nov. 17.-Charles G. Dawes,
comptroller of the currency, has just made
public the results of the investigation
which he has made into the number of
loans and deposit accounts, rates of in
terest and resources of the combined banks
of the United States in the years 1889, 1894
and 1899. In collecting this data nearly
10000 reports from banks have been eX-
amined and compiled.
The investigation into number of loans
and deposit accounts and average loans
and deposits is the first ever made, COW
ering the United States, either in reference
to the national system or banks other than
national. The results of this investigation
indicate magnitude of banking resources
ana rate of growth in number of deposit
accounts which is unparalleled in the
financial history of the world.
The general deductions from the investi-
cation, covering the last ten years, is given
by the comptroller as follows
flrSt-Ihat the number of individual de-
posltors in the banks of the United States
is constantly increasing, as indicated by
the regular increase in the number of de-
post accounts of the combined banking
systems, estimated as follows: July IL,
1909, 7,203 banks reporting, 6,70S,971; July
Is, 1874, 9,5OS banks reporting, 1898. 766; June
81, 1879, 1882 banks reporting, 11,432, 696 The
estimated grand total for the year 1899,
based upon banks reporting and statis-
from tax returns to the commissioner of
internal revenue, shows 13,153S 74 deposit
accounts in 1884 banks.
Second-That there is a demand from
borrowers for the use of the greater pro-
portion of the deposits of banks, and while
the number of individual borrowers is in
creasing the depositors greatly outnumber
the borrowers, and the increase in the
number of borrowers is much less than
the increase in the number of depositors,
as indicated by the rates of increase in
the number of loans estimated as follows:
July -, 1882 1908 banks reporting. 2,1SS, 541;
July IS, 1894, 9,5OS banks reporting $780,
694; June &c. 1899, 1882 banks reporting, g.
S11,66 The estimated grand total for the
year 1899, based upon banks reporting and
statistics as to nonreporting banks, OBJ
tanned from tax returns to the commits
sioner of internal revenue shows 5067,252
loans in 1884 banks.
Third-That the growth of the banking
systems is being characterized by a grad
ually lessening rate of interest charged on
loans.
Fourth-That a gradually lessening rate
of interest is being paid upon deposits.
Fifth-That, considering the large Glen
tage of national and savings banks, the
average deposit of the individual or COR
poration is slowly increasing.
SiXth-That the average size of the loans,
all classes of banks considered, has not
varied much in the last decade.
Seventh-That the growth in the aggre-
gate of individual deposits has been as fol-
lows: July II. 1889, 1903 banks reporting,
$3,T6, 4l0. 402; July Is. 1894, 9,5OS banks re-
porting, s4651, 215,3O2; June 80, 1899, 9,752
banks reporting, $6,76S, COS, 361 The esti-
mated grand total for the year 1899, based
upon banks reporting, and statistics as to
nonreportirg banks obtained by tax re-
turns to the commissioner of internal rev.
&c. hp,,
Eighth-That the growth in aggregate
loans has been as follows: July II, 1889,
1908 banks reporting, $3475,272, 262: July IS,
1894, 9,50S banks reporting, s4,0S5, C69, Alp;
June 80, 1899, 1882 banks reporting, s5,167,-
S95,610. The estimated grand total for the
year 1899, based upon banks reporting, sta
tistics as to nonreporting banks obtained
from tax returns to the commissioner of
internal revenue, is s5,751, 467, $40, in 1854
banks