The record-union., 1899-11-17

and that they may be regarded as sub
stantially accurate He is careful to
call attention to the fact that the num-
Der of deposit accounts and loans given
in his figures must not be confused
with the number Of depositors and bor-
rowers, since the same individual may
have loans and deposits in several
banks, each of which would make a
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 of the latter is
evidence of the general growth in the
individual depositors and borrowers.
The general deductions from the in
vestigation covering the last ten years
are given by the Comptroller as fol-
lows:
First-That the number of Individual
depositors in the banks of the United
States is constantly increasing, as in
Dictated by the regular increase in the
number of deposit accounts of the COM
bined banking systems, estimated as
follows: July II, 1889, 1908 banks re-
porting, 6,70S,971; July Is, 1894, 9,50S
banks reporting, 1898, 1866; July 30,
1899, 1872 banks reporting, II ,432, 1886.
The estimated grand total for the year
1899, based upon banks reporting and
statistics as to nom reporting banks OBJ
tanned from tax returns to the Commits
sioners of Internal Revenue shows 49,,
1884 deposit accounts in 12,SO4
banks.
Second-That there is demand from
borrowers for the use of the greater
proportion of deposits of banks and
while the number of individual bor-
rowers 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
u, 1889, 1908 banks reporting, o.
1873, 541; July -, 1894, 9,5OS banks re-
porting, 2,990,694; June 80, 1892 9,732
banks reporting, 3,911, 664 The esti-
mated grand total for the year 1899,
based upon banks reporting and sta
tistics as to non-reporting banks, OBJ
tanned from tax returns to the Commits
sioner of Internal Revenue shows g.,
O6I, 252 loans in 1854 banks
Third-That the growth of the bank
ing systems is being characterized by
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 large
clientage of national and savings banks
the average deposit on the individual or
corporation is slowly increasing.
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 ag-
gregate Of individual deposits has been
as follows: July II, 1889, 1908 banks
reporting, S3,776.41O. 4O2; July Is, 1894,
9,5OS banks reporting, $4,S51, 215, 1902;
June 30, 1899, 9,732 banks reporting,
S6, 16S, 65S,361. The estimated grand
total for the year 1899, based upon
banks reporting and statistics as to
non-reporting banks, obtained by tax
receipts to the Commissioner of Inter
nal Revenue, is $7,513, SD, 361 in 1904
banks.
Eighth-That the growth in aggre-
gate loans has been as follows: July
i, 1889, LOB banks reporting, 49,
44o, 2I2, 262; July Is, 1894, 9,5Gs banks
reporting, S4,OS5, 069, 412; June %, 1899,
9,'o2 banks reporting, s., 167, S9o, GIG.
The estimated grand total for the year
1879, based upon banks reporting and
statistics as to non-reporting banks OBJ
tanned from tax returns to the Commits
sioner of Internal Revenue, is S5.75l.-
461, $40 in H. O4 banks.