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

WASHINGTON, Nov. 16.-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 interest ana
resources of the combined banks OF the
United States in the years 1889, 1894 and 1893.
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 and
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 a rate of growth in number of deposit
accounts which is unparalleled in the finan-
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 ia 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
have loans and deposits in several banks,
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-
Der of individual depositors aid borrowers
The general deductions from the investiga-
tion covering the last ten years are given by
the comptroller as follows:
Deductions from the iteturns.
l. That the number of individual deposit
ers in the banks of the United Nates is con-
lar increase in the number oiy' eposit ac-
counts of the combined bankts systems,
Sstinated s fo9%s Ss july lv et SSS SS
banks reporting S.SSS 766: June at to t.o732
banks rep9rting, l'4$2 656. ,OSD SIDhe9ney. ted ted
banks reporting and statistics sisappe1ln-
reporting banks obtained from I Isnoni,i IS
to the commissioner of interna- (speclale,
shows 1S,15S,S74 deposit accounts name OFF
banks. ooring Co
for the use of the greater proportiOpeared .
deposits of banks and while the of Kes
Of individual borrowers Is increas,; NeIso,
ers and the increase in the NUM- roth
borrowers is much, less, than. the incret zen
the number ~, of depositorSi inoransa as
the number of loans estimated as follows:
July ~ 1899, 1903 banks reporting, 21SS,54l;
July IS, 1884, 9,50S banks reporting, 2,99O,694; (;
June SO, 1899. 1872 banks reporting, 3,9ll Sol.
The estimated grand total for the year 1899,
based upon banks reporting and statistics
as to nop-reporting banks obtained from
srewcnne sshor.s 067, ,252 loans In 12,S0i banks
y y..Tfht tho growth of the banking systens
is being characterized by gradually less
ening rate of interest charged on loans.
4. That u gradually lessening rate of in
terest is being paid upon deposits.
Average of Deposits Increases.
5. That, considering the large clientage 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
I. That the growth in the aggregate of in
dividual deposits has been as follows
July r. 1882 1908 banks reporting, $3,776, 49,
4O2 July is, 1894, 9.50S banks reporting
S4 651 2l5 3O2; June 30, 1899, 9732 banks report
ing, Sc, 76S, ,65S, 1861. The estimated grand total
for the year 1885, based upon banks report
ing and statistics as to non-reporting banks
obtained by tax returns TO the commissioner
of internal revenue, is $,5l3 S5i,361 in l2,SOi
banks.
S. That the growth in aggregate loans has
been as follows: July u, 1882 1923 banks
reporting, S3,475, ,272, ,262; July Is, 1894, 9,5OS
banks reporting, $40S5, ,069. 4l2; June, 80, 1899,
Q 1872 banks reporting, $5,l67 ,S95,610. The esti
mated grand total for the year 1899, based
upon banks reporting and statistics to
non reporting banks obtained from tax
turns TO the commissioner of internal reVe-
nue., is S., 75l ,467, 6lO in 12,SOi banks.