Arizona republican., 1899-11-22
LOANS AND DEPOSITS.
Interesting Investigation by
Controller Dawes.
The hsgnifudc of the Banking Re.
sources OF the Countrywide
FIRST Extensive Inquiry Cover.
Ing the National system.


vestigation which he has made into the
number of loans and deposit accounts,
combined banks of the United States
in the years 1889, 1894 and 1899. In
collecting this data nearly 5000 re-
ports from banks have been examined
and compiled.
The investigation into the number Of
loans and deposit accounts and aver
age loans and deposits is th, first
ever made, covering the United States,
either in reference to the national sy5-
tenn or banks other than national The
results of this investigation indicate
magnitude of banking resources and
rate of growth in number of deposit
accounts which is unparalleled in the
financial history of the world.
The controller states that the results
for the combined banks are carefully
estir rlated upon the basis of ratios
foup Il to exist in the reporting banks,
and that they may be regarded as
substantially accurate. He is careful
to call attention to the fact that the
mum Der of deposit accounts and loans
given in his figures must not be con-
fuse with the number of depositors
and borrowers, since the same individ-
ual may have loans and deposits in
several banks, each of which would
maxi a separate report to the control
Ter. While, therefore, the actual num-
ber of borrowers and depositors is
muc less than the number of loans
and deposit accounts, the growth in
the latter is evidence of the general
growth in the number of individual
dep )sitors and borrowers.
Tie general deductions from the in
vestigation covering the last ten years
areg iven by the controller as fol-
! lows:
! Fir.@- w. 1rI-T5.r of- individual
depositors in the banks of the United
States is constantly increasing, as in
d Gated by the regular increase in the
Il umber of deposit accounts of the
combined banking systems, estimated
as follows: July, y, 1889, 1908 banks
reporting 6,7OS,971; July IS, 1894, 9,5OS
banks reporting, 1898, ,766; June So 1899.
| 9,7S2 banks reporting, II, ,432 $50. The
estimated grand total for the year
1899, based upon banks reporting and
statistics as to non-reporting banks OBJ
tained from tax returns to the commits
sioner of internal revenue, shows 49,
l53,S74 deposit accounts in 1884 banks.
Second-That there is a demand from
| borrowers for the use of the greater
| proportion of the deposits of banks.
and while the number of individual
! borrowers is increasing, the depositors
greatly outnumber the borrowers, and
| the increase in the number of borrow
erS is much less than the increase in
the number of depositors, as indicated
by the rate of increase in the number
of loans, estimated as follows: July
II, 1889, 1908 banks reporting, 2,1SS,541;
July Is. 1894. 9,5OS banks reporting.
2,99O,6 June 80, 1899, 1882 banks re-
porting S,911 664. The estimated grand
total for the year 1899, based upon
| banks reporting and statistics as to
! returns to the commissioner of inter-
nal revenue, shows 5,O67, ,252 loans in 49,
S04 banks
Third-That the growth of the bank
! ing systems is being characterized by
a gradually lessening rate of interest
charged on loans.
Fourth-That a gradually lessening
rate of interest is being paid upon de-
posits.
Fifth-That, considering the larger
clientage of national and savings
banks, the average deposit of the in
dividual or corporation is slowly in
creasing.
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
aggregate of individual deposits has
been as follows: July u, 1889, 1908
banks reporting, SO, ,776, 41O, ,4O2; July is.
1894, 9,5OS banks reporting, s4,651, ,215,-
SO2; June 80, 1899, 1882 banks reporting,
Sc, ,76S, 65S, ,361. The estimated grand total
for the year 1899, based upon banks re-
porting and statistics as to non-re-
porting banks obtained by tax returns
to the commissioner of internal rev.
enue, is $7513, ,954.961 in 12.So4 banks.
Eighth-That the growth in aggre-
gate loans has been as follows: July
u, 1899, 1908 banks reporting, s3,475,-
272, ,262; July IS, 1894, 9,5OS banks report
ing, s4,OS5, ,O6s, ,412; June so. 1899, 9,732
banks reporting, s5,167 $685. $40. The es-
timated grand total for the year 1899,
based upon banks reporting and sta
tistics as to non-reporting banks OBJ
tained from tax returns to the commits |
sioner of internal revenue, is $5.751,-
467. SO in 12,S04 banks.