Omaha daily bee., 1899-11-17
BANKING SYSTEM GROWING
ON troller Dawes Makes Public sont
Interesting Figures.
GREAT INCREASE IN NUMBER OF DEPOSITS
Average Amount TO Credit of Each
Dcpositor Also Increasing
More Than Doubles in
Ten Years.

WASHINGTON, Nov. f6.-Charles q.
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 interest and
resources of the combined banks OF the
United States in the years 1899, 1894 and 1899.
In collecting this data nearly 10000 reports
from banks have been examined and COM
piled.
The investigation into number OF loans
and deposit accounts and average loans anu
deposits is the first ever made covering the
United States, either in reference TO the
national system or banks other than ma
tional The results of this investigation In
dicate a magnitude of banking resources
and rate of growth in number of deposit
accounts which is unparalleled in the imam
cial history of the world.
The comptroller states that the results
for the combined banks are carefully esti-
mated upon the basis of ratios found to
exist l.. the reporting banks and that they
may be regarded as substantially accurate.
He is careful to call attention to the fact
that the number of deposit accounts and
loans given in his figures must not be con-
fused with the number of depositors and
borrowers, since the same individual may
each of which would make separate report
to the comptroller. While, therefore, the
actual number of borrowers and depositors
is much less than the number OF loans and
deposit accounts the growth in the latter is
evidence of the general growth in the num-
ber of individual depositors I'd borrowers.
The general deductions from the investiga-
ton covering the last ten years are given by
the comptroller as follows:
Deductions from the lieturns.
l. That the number of Individual deposit
ers in the banks of the United Aates is con-
stantly increasing, as indicated the ,regu-
lar increase in the number \eposit ac-
counts of the combined bank \systems.
estimated as follows: July W ,2oS
banks reporting, 6,7oS,97l; July 9'9SS
banks reporting, ,11,4S2, ,6S6. The ted
grand total for the year 1899 on
banks reporting and STATISTICS m
reporting banks obtained from t rs
to the commissioner of interna e,
shows 1315S,S74 deposit accounts
2 That there is a demand from
for the use of the greater proportit It
of Individual borrowers is increas!
depositors greatly outnumber the by
ers and the increase in in the ne num NUM-.
dicated by the rate of increase a ss,es, IN =
y hf 81 ss q s Banks reporfng as @
/ July is, 1884 9,5OS banks reporting, 2,99o,694;
| June so, 1899, 9T32 banks reporting, 39ll, ,664
1 The estimated grand total for the year 1899
based upon banks reporting and statisu
Ias to iynon-reporting banks obtained from
iStax returns to the commissioner of internal
Shows O67. .252 loans in 12,0i banks,
I y Ss.T'ffiit Tho growth OF the banking SYSTEMS
/ is being characterized by a gradually less
ening rate of interest charged on loans.
| A. That Il gradually lessening rate of in
terest is being paid upon deposits.
| Average of Deposits Increnses.
| 5. That, considering the large cientage OF
| national and savings banks, the average
deposit of the Individual or corporation is
| slowly increasing.
| 6. That the average size of the loans, all
| classes of banks considered, has not varied
! much in the last decade.
| T. That the growth in the aggregate of in
| dividual deposits has been as follows:
July L. 1889, 1908 banks reporting, 1915 no.
4O2; July IS, 1894, 9.5oS banks reporting,
ing, Sc, 76S G5S 1861. The estimated grand total
| for the year 1899, based upon banks report
| ing and statistics as to non-reporting banks
| obtained by tax returns TO the commiss ioner
of internal revenue, is $7,513 1861 in 12,S0i
banks
S. That the growth in aggregate loans has
been as follows: July r. 1889, 1923 banks
reporting, $3,475, ,272, 262; July 49, 1894 9,50S
banks reporting $4,0S5, ,O69 4l2; June, 30 1899
! 9,732 banks reporting s5,l67S95,6lO The esti-
! mated grand total for the year 1S99 based
upon banks reporting and statistics as to
! non-reportng banks obtained from tax re-
nue., is IS, ,751 6l0 in 1854 banks.
I