Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-12-06
when needed for current dill
oursements.
NATIONAL BANKS.

bursements.
NATIONAL BANKS.
During the existence of the system, up
to the close of the year ended June 30
1890, 5,2O1 national banks have been organ
lied. On the latter date $3.50 banks were
in operation, 1,247 had been placed in vol
untary liquidation by shareholders, and 385
placed in the charge of receivers. On June
80, 1885, there We're $3.50 banks In exist
ence showing a net loss during the year OF
one bank. During the past fiscal year IS
banks were organized and 81 placed In vol
untary liquidation and eight in charge OF
receivers.
The authorized capital stock of the banks
on June 80 last was SCOT ,S71.2i5 and on
June 80, 1898, $3.50, OPS 295, showing de-
national bank circulation outstanding on
June 30, 1899, aggregated $685., OF
which s205 264, O94 was secured by bonds on
deposit with the treasurer of the United
States, and sa6 OO4 ,6o2 by lawful money de-
posted on account Of liqu.dating and In
solvent associations and those reducing cir
cuiation. The increase OF circulation during
the year was 13,451, !14.
The capital stock of the IS banks organ
lied during the year aggregated s14 .S25OO0.
divided with respect to number and capital,
by geographical divisions, as follows:
Geographical divisions. banks. Capital.
New England states. ...+.... . s4,oo'M
s Eas'ssn s,stss Is !1ss sss
Central states. 70 OSoO'ooo
Western states $50, 900
Pocidc states it,aiifornioj 10000
Tho ,u,nher of hawks oreanized was as
follows by states: Pennsylvania. g.; Texas,
emo emo ana Iowa, each' view torH, AZ ~.
ana and Missouri. each: New Hampshire,
North Carolina. Mississippi. Nebraska and
Indian Territory, each; New Jersey, Del
aware Virginia, West Virginia, SCUM Sar-
olina Louisiana, Michigan Wisconsin, Kan
sas. Oklahoma and California, / each.
mating on June 70 1899 the corporate ex-
ietence of 1 6S4 national banks with CAPT.
Ia, stock agsresating s4GS, 1886 115 was ex-
tended and during the past fiscal year the
number of extensions and capital were "a
and s. 80 900 respectiveIy
Durir1g The past fiscal wear thirteen ma
tional banks, with capital aggregating 81
co.. 900 were placed in charge of receivers.
Subsequently, it appeared however that of
this number five were solvent two of them
being permitted to go into voluntary liqu-
Gation and three resumed business. This
reduced the number of insolvent banks TO
eight. with cap:tal ugaregating 500, 900.
Reports of condition We're received from
::..,S:i nptinnll hanks on Aprl >. at which
time their resources aggregate $i,6a9. 13S.-
16"?6. increase s'ncc May 3 1893. of
Si'a, i,:'n2.lI. The p;tid-in capital stock aS-
Er2Ea;cl *t|f.22 80: surplus fund. $24'i-
1f1S:H.G1: individual deposits. s.. 437 ,223
'2'',2@; and bark 'leuoSitS. $@32 i4S. 264. I6.
TIE increasa in individual and bank depos-
lis during fhe year was $i51.9l4 .9S1.:a and
Sh2 o.3Snt:h. respectively During the
same period the banks increased their spe
etc holdings Si6919. 5000
LOANS AND CrRRENry
~, , -, ,ooo :.
ne interest bearing 'ept july l. 1919 III
Guided unmatured tinted States bonds out
standing in the amount of s1o46. 0l0,92o.
This is an increase of SOS fsJ ..To over the
,,,,o,,rt ,,,.s,o,a;r, NIL, 1909 ,,a &c
-, -, - - ~, :,
"s '''e tsS"' W eiie - iei .sA' 'ei'
-, - 80 COO ~ ~ ~ 60 u'7
GiS TO and nv the conversion of refundinr
certificates of the act of February 26. 1879,
INTO honds OF the per cent loan OF l9o,.
IT, ttai t - arI; ~
outstanding July /. 1S9 was S97 $50 n de
crease of g. foO during the last fiscal wear
AS the amount of these certificates out-
standing is small. and as there Is no pro-
vision of law for their redemption except
by conversion in sums of S5a and ,nuItipIes
thereof into the bonds of. the. 1 per cent
loan of 1897. it is again recommended that
80 iiiiiIt te tiiile "ithiii Will sun
GtrtlHcates may De converted INTO pohos-
IL Is also recommended that the Secretary
Of the Treasury be authorized to redeem
any of such certificates in cash on Dresen-
tation and to nav tho accrued interest
49,, - 49,. a:a.,,,;.
- ~ va ~, pm.
Inc history OF lile oepar tnenl SHOWS lnat
during the last eight years 1t has been iIr