Evening star., 1899-11-16
LOANS AND DEPOSITS
Interesting Investigation Made by
Controller Dawes.
MAGNITUDE OF BANKING RESOURCES
First Extensive Inquiry Covering the
National System.
RES [ Its a d D L c f ID

Charles G. Dawes. controller Of the cur
rcucs. has just made public the results Of
the investigation which he has made into
rh. number Of loans and deposit accounts.
rates Of interest and resources Of the com
bined banks of the United States in the
wears IsSa. 1894 and IS99 In collecting this
Iata nearly 1880 reports from banks nave
been examined and compiled.
The investigation into tn" number Of
loans and deposit accounts and average
loans and deposits is the first ever made
covering the United States. either in refer
enCe To the national system or banks other
than national The results Of this investi-
cation indicate a magnitude Of banking re-
sources and a rate Of growth In number
Of deposit accounts which is unparalleled
in the financial history Of the world
Results Substantially Accurate.
The controller states that the results for
the combined banks are carefully estimated
upon Jhe basis OF ratios found to exist in
thr. reporting banks. and that they may be
regarded a. substantially accurate He Is
careful To- call attention to the fact that
th, number of deposit accounts and loans
given in his ngUTeS must not be CpuIuStd
with the number of depOSitrrS and borrow
els. siUrr she same individual may have
I.,-fTsS and deposits in several banks. each OF
IEe controller. While, therefore, the actual
number OF borrowers and deppSitorS Is
much less than the number of loans and
deposit s.ccouutS the growth in the latter
i evidence Of the general growth In the
number OF Individual depOsitors and bor-
roNvr~.
The general deductions from the invests
cation covering he last ten years are given
Icy the controller IS follows;
Individual Deposits Increasing.
Thai be number of iudiviiu3I 1e-
pasit"rs in the banks of the United States
= constantly increasing. as indicated by
The regular increase in the number Of de-
po~it accounts of the combined banking
systems. estimated as follows: July L.
1889, 1.2O} banks reporting g. 7O> 971: July
IL, 1894, 9JpS banks reporting, S.H3 I6f;
june ~, lH''g 9, 81 banks reporting, IL
f;2.j36. The estimated grand total for the
Year 1872, based upon banks reporting and
statistics es to uon-reportjng banks oh
talned from tax returns to the commits
-iuuer Of Internal revenue, shows 13.t5%.S74
deposit accounts in 12,SO4 banks
Second nat there Is a demand from
borrowers for the Use of the greater pro-
portion Of the deposits Of banks, and while
he number Of individual borrowers is in
"reas.ue. the depositOrs greatly outnumber
me borrowers. and the increase in the
number If borrowers Is much less than the
increase in the number of dep0sitOr< as in
dlCaJed by thu rate Of increase in the num-
Der Of loans, estimated as follows: July H.
lNNH i-2hi banks reporting, 2l>S,J4f; July,
u. 1S5i, ",-1~ bangs reporting. 1900 6n4;
June 50. 1899. H.TE2 banks reporting 3gI1
,14. The estimated grand total for the year
l>.rt based upon banks reporting and sta
Li~tI's as 10 npn-repoTtlng banks obtained
from tax returns to the commissioner of
N ernaI revenue, shows 1901 ,4J2 loans in
L. >O4 banks.
Third-That the growth Of the banking
systems - being characterized by a grad
L1ally lesSeniUs rate of interest charged on
lJaus-
Fourth-That gradually lessening rate
OF interest Is being paid upon deposits.
Iith-i'-~t. considering the larger Glen
ldSe o national and savings banks, the
.E|iass deposit Of the individual or cor
pGrati0u - slowly increasing
SiXth-ThaJ the average size Of the loans
a. classes Of banks considered has not
varied much in the last decade.
Growth in the Aggregate.
Seventh That the growth in the aggre-
safe Of individual deposits has been as fol-
lows: july l. 1889. 1903 banks reporting
S".IIb, ilu, iu2. July 1S. 1894, o. sos banks re-
porting. S4651 ,2l5, ,3D2, June 80. 1899 8 732
banks reporting. ST. 76s SOS, 361 The estirnat-
ed grand total for the year 1899, bas sed upon
reporting banks obtained by tax returns 10
he commissioner Of internal revenue il
;I-5l3.9 36l in l., sol banks.
Eighth-That the growth in aggregate
loans has been as follows: July L. ISS9
LIB banks reporting 81. .4IJ, 272 262: JuIyIs
June 30 tSg@. Q T32 banks reporting 81 IGT :
>4'rGlp. The estimated grand total for the
year le99 based upon banks reporting and
+talStlcS as 10 nOu-repOrting banks oh
s,iEed from tax returns to the commissions
er ~ internal revenue, is So I,1, 467 ,61U in