The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-17
THE COUNTRY'S PROSPERITY
rsr1RbJIELED GR0WTH or THE
BxNKINe BUSINESS.

~. Npmber of Dcpositors Increase from
a. 7os97i In 1899 to 13,153.ST< in 1900
D.un.it. Increase from S3,TT0,f1O, 4Os
20 s7,5i8.9 5t, 5o1--The Growth of Loans.
v,suiSoroS Nov. 16.-Com ptrollsr OF the
rr,rsnc, Davis has Just made public the re-
.rI,s Of the in vestigation which he has made
,,,o the number OF loans and deposit ac-
.oun,s. rates OF interest and resources OF the
.o,,bined banks Of the United States In the
ears 1892 1894 and 1895 In collecting this
d,,a nearly ten thousand reports from banks
h,vs bseu examined aud com piled. The re-
.,l,s OF the investigation indicate q magni-
,rds OF banking resources. and rate OF
srowth in number OF deposit accounts which
i. Unparalleled In the financial history Of the
vorld. The general deductions from the iu-
ys,tisation. covering the last ten years. 10
siysp by the Com ptroler as follows:
Ftrst-That the number Of individual deposit
tors in the banks Of the United States 10 con-
.,antly increasi ne. as indicated by the regular
Increase In the number OF deposit accounts Of
the com bued banking systems. estimated a.
fellows. July IL. 1882. 1903 banks reporting
e7ose7l: July IL, 1894. e.50S banks report
,rs 1898 7t6: June 30. 1899. 1892 banks re-
sorting | ! .432. 1886. The estimated grand to-
al for the year 1899. based upon banks re-
nor,lpg and statistics as to non-reporting
bank, obtained from taI returns to the Com
missioner OF Internal Revenue shows 1888
ga deposit accounts In l2.S0+ banks.
s.eond-That there 10 . demand from Dor
,orsrs for the use OF the greater proportion OF
Nh. dsposis OF banks. and while the mum Der OF
Individual borrowers II increasing. the deposit
tor. greatly outnum Der the borrowers. and the
increase in the number OF borrowers 10 much
las than the increase In the number OF deposit
tor, an Indicated By tho rate Of Increase In
NUM- Der OF loans estimated as follows: July IL.
lssa. 1903 banks reporting 2.1SS.541: July 1S
1884, e5US banks reporting 2.geO,B S4; June
80. 1884, y. 1872 banks reporting 3.a1l. 1854. This
animated grand total for the year 1899. based
upon banks reporting and statistics as to the
the non reporting banks, obtained from tax
return. to the Com m issloner OF Internal rev
snue. shows 5.oo7. 252 loans in 12.so4 banks.
Thlrd-lhat the growth OF the banking sys-
TEN 10 being characterized By q gradually
le.snlng rate OF interest charged on loans
FOURTH hat . gradually lessening rate OF
irts,ost IL bsIns paid upon deposits.
Ft,,h-That considering the larger clientaas
Of national and savings banks. the average de-
posit Of the individual or corporation Is slowly
increasing.
Sixth-That the average sire OF the loans.
much In the lAHt decade.
Seventh That the growth In tho aggregate
Of individual deposits has been as follows;
July IL. 1880. 1908 banks reporting S3.776,-
l0402: July IL, 1894. S.5oS banks reporting
A.65l .2l5 1902: June 80. 1899. 8. 1872 banks re-
PORTING S., 7t.S,65s 381. The estimated grand
total for the year 1899. based upon banks re-
porting and statistics a. TO non reporting
banks obtained by tax returns to the Commits
siouer Of Internal Revenue. 10 s7.513 9o4. 1871
n 1854 banks
Eghth-That the growth In aggregate loans
has been as follows: July l.. 1899. 7.2oa
banks reporting s3.<75.2I2. 81; July IL, 1894
e5oS banks reporting s+.0s5. OdS.4l2: June
80. 1859. e.732 banks reporting S.. lei. sG5. $40
The estim ated grand total for the year 1899
based upon banks repor.,uS and statistics ~
TO non-reportine banks AIMED from tax re-
turns to the Commissioner OF Internal Rove
nue.. 10 IS. ISL 49,. $40 IN l2.sU4 banka