The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-11-17
STATISTICS Of BANKING.


WASHINGTON. Nov. is-Charles G.
uawes. eotnptreilsr OF the currency. has
just made public the results OF the tn-
sessasaiioa which he aas made into TIE
OF iEferess and resources Of the combined
banks Of the United States IN the years
lsss. iss4 and 1852 In collecting this data.
nearly ls,tss reports from banks have been
examined and eonpsied
The investigation into number OF loans
and GepGssT accounts and average 42a9s AMI
United States. either IN reference 10 the
national system banks other than na-
tioEaai. The results OF This ins legation in-
cicafe a magnitude or banking resources
ana ii rate Of growtn in nuDbST OF GsfSosiS
accounts which is unparalleled IN the As2al-
cial history Of the word.
The comptroller states that the results Tor
TIE c0uuined banks are carefully estimate
upon the nasts OF raEioS found TO exist III
the reporting banks, and that they may De
regarded as substantially accurate tie Is
careful 10 call attention 10 the Tact enat
the number OF deposit accounts and loans
given In his figures must not be confused
With the number OF deposits and borrowers,
since the same Individual may have loans
and deposits In several banks, each OF
which would make separate report 10 the
comptroller. While, therefore the actual
less than the number OF loans and deposit
accounts, the growth in the latter Is EVIL
dence of the general growth Ia the individ-
uai depeSitoTs ard borrowers
The general deductions from the fnvesst-
CATION covering the last ten years are given
by the comptroller a. follows:
First, that the number Of individual de-
posisors In the banks Of the United States
IL constantly Increasing, as Indicated py
the regular Increase in the number OF De-
posit accounts of The combined banking
systems estimated as follows:
July u. 1859, los hanks. reporting g aos
s7i; July IS. 1884 ?.5S banks reporting - ISL
5s,. June 90 1882. sss2 banks reporting w.
The estimated grand total for the year
1889, based upon banks reporting ana sta
tistics IA 10 incorporating banks obtain
ed from tax returns to the commissioner
of internal revenue, shows ID. i55,sli de-
post accounts in i2.S4 banks.
Second. that there is demand from
borrowers for the use of the greater pro-
portion OF deposits OF banks. and while
the number Of individual borrowers Is tn
creasing, the depositors greatly outnum-
the number of borrowers lis much less
than the Increase In the number OF de-
rositors. as Indicated by the rate OF in
crease In the number OF loans, estimated
July Il. 1854 7.2os banks, reporting Ass
81; July II. 1894 e.5os banks. reporting
ing 3,silsss. The estimated grand total
for the year 1s9a based upon hanks re-
porting and statistics as to incorporating
banks, obtained from tax returns to the
5,ns7 252 loans in Il, soa banks
Third that the growth of the banking
system Is being characterized by a grad
uaily iessening rate OF interest charged
on loans.
Fourth. that a gradually sessenng rate
Of interest Is being paid upon deposits.
Fifth that considering the large client
age of national and savings banks, the
average deposit Of the individual or cor
poration Is slowly increasing.
Sixth. that the average size Of the loans.
AL classes OF hanks considered has not
varied much In the last decade.
Seventh. that the growth IN the aggre-
gate % individual deposits has been as
follows.
July - 1850 7.2a3 banks. reporting 81. ATS
ar2 ese: July ~ 1884 ao5s banks reporting
81. as5. e4sa 4i2 June IN. 1889 S732 banks re,
porting S. ISL saS, sis
The estimated grand total for the year
1899 based uron banks reporting Stats
tics as to nonreporting banks obtained
from tax returns 10 the commissioner OF
internal revenues. Is s5.75l. $3.50. In 1854
banks.