The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1899-11-25
BANK RESOURCES.
some Interesting Facts and Figures
from Report of the Comptroiier
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 m
terest and resources of the combined banks
of the United States In the years 1883, 1884
and 1899. In collecting this data nearly
900 reports from banks have been e&-
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 tnan
national. The results of this investigation
indicate a magnitude of banking resources
and a 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:
First-That the number or lndlViuuai ue-
positors in the banks of the United states
is constantly increasing. as indicated py
the regular increase in the number OF de-
post accounts of the combined banking
systems, estimated as follows: July IL
1882 1908 banks reporting. 6.7OS,9n; July
49, 1894, 9,5Os banks reporting S,S93.IG6; June
80 1899, 1882 banks reporting, II, 432636 The
estimated grand total for the year 1899.
based upon banks reporting and stats
tics as to incorporating banks obtained
from tax returns to the commissioner OF
internal revenue. shows 13153,Sl4 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
nc hv increase l
the number of loans estimated as follows:
July IL. 1882 1903 banks reporting, 2,lss,5ll;
July Is, 1894, 9.5OS banks reporting, $780,
69i: June &c. 1899. 97S2 banks reporting. g.
9ll,66i The estimated grand total Tor the
year 1899, based upon banks reporting and
statistics as to nonreporting banks, OBJ
tained from tax returns to the commits
sioner of internal revenue shows 506i'2o2
loans in 1854 banks
Third-That the growth OF the banking
systems is being characterized by a grad
ually lessening rate of interest charged en-
loans.
Fourth-That a gradually lessening rate
of interest is being paid upon deposits.
Fifth-That, considering the large ellen
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 u. 1859, 1903 banks reporting,
SO. 776, 410.4o2: July 1S 1894, s,50S banks re-
porting. Si.G51, 1902; June 3d. 1899, 9.1S2
banks reporting, S6.76se5 ,3Gl The esti-
mated grand total for the year 1929, based
upon banks reporting. and statistics as TO
nonreporting banks obtained by tax re-
turns to the commissioner of internal rev.
enue. is s7513, Sji,SGl. in 2,S04 banks
Eighth-That the growth in aggregate
loans has been as follows: July u, lsS9.
1908 banks reporting, sS.475.2'2,262 July is.
1894, 9,5oS banks reporting, $i,0S5 069. 4l2:
June 80, 1899 9,732 banks reporting. S5,167,-
S9561O. The estimated grand total for the
year 1899, based upon banks reporting. sta
tistics as to incorporating banks obtained
from tax returns TO the commissioner of
internal revenue, is s5,15l ,467,610. in 1854
banks.