The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-12-04

I bama, Wyoming. New Mexico, and Wash
ington. p Massachusetts, Delaware, South
/ Carolina. and Tennessee, l
The outstanding circulation Of the banks
/ increased S6S 2S9. 572-that is from S241,-
35G,S11 On June 80, 1899 TO $500 $40 f33 On
June 90, 1890. Of the amount on the lat
ter date, S2I4,1l5,552 was secured by
bonds, and $50, 524, S91 by deposits OF law
/ full money with the Treasurer of the
| United States, on account Of liquidating
and insolvent associations and those re-
/ ducing circulation.
The capital Of the fnsoIvent banks
| placed in charge Of receivers during the
year aggregated 81. 600, coo, and the capital
| Of the q associations placed in Hquid2-
| ton, $S.479.9 $50.
On Juae %. 1900 reports Of condition
| were received from 1892 national banks
/ with resources aggregating S4,944, 1885,
/ 623.S4, an increase since June 90. 1899, Of
| S235, S31, 1893. The paid-in capital stock
and surplus funds of the banks June 20,
/ 19G0, amounted to 1921, $50, 461.4 AZ and $685.
! 249. 1851. respectively. and individual de-
! posits to s.. Ass, O92. 757.67. The deposits
show a decrease Of S64. 0S4, Isl. % since
/ June 80, 1893 This, however is only an
! apparent decrease. as prior to april rs.
/ 1900 deposits Of savings banks and trust
! companies we're included in individual de-
| pcsits. The June %, 1900, statement ex-
! hibits an increase In bank deposits, which
luG4u1&U SAVINGS banks anu trust CGIlpG-
MES of $50. 499, 1923 The specie held
| aggregated S356. 013. T09- eS. which is $685.
3S7.11 less than the amount in bank on
| June 90. 1899
New National Hanks.
Referring to the Financial act Of 1900.
] allowing the national banks TO increase
! their circulation to their full deposits OF
bonds and permitting the Incorporation of
Io- IL >, al
the report says:
''Sinee the new law went into effect, and
| covering the period from March Il to Oc-
tober 81. 1890. the Comptroller Of the Cur
rency has approved 500 applications to or
ganize national banks, of which $50 we're
/ for banks with capital of less than $50
| GEO. and I2T with capital of so, 600 or more
/ Eighty of the applications were from
| State banks proposed to be converted IN
der the provisions of section 5154 OF the
! Revised Statutes; 1T3 from State OF pTi-
| vate banks proposed to liquidate for the
| purpose of reorganization under the ma
/ tionaI banking law. and 256 from those
/ contemplating primary organizations
'%Since October 81, 1899. $50 banks, with
| an authorized capital of S2Q, OPS, 0G5, have
| been chartered, of which 34S completed
! their organizations between March Il and
! October 81. 1900. SiXty-twO Of the banks
! organized since March Il, with capital
aggregatiag 4.5e0, 500, were conversions;
12S. with capital Of s., eo5,000, Teorgani-
/ cations Of State and private banks, and
! 162. with capital of $3.50 600, primary or
| PLANTATIONS. Two hundred and forty-nine
| of the banks organized since March IL
! we're with capital OF less than $4,000,
| the great majority being with the mini
| mum amount required, namely, $4,000,
( the aggregate capital being S6,575. G00 aud
/ ninety-nine with capital OF $4,000 or
| over, the aggregate capital for this class
being SIT. 900. GEO. Bonds deposited by
| both classes amount in the aggregate to
| $5,S4S. 200, only about 80 per cent Of the
maximum which might be deposited
1.-The provision which authorizes the
| organization OF national banks with
/ minimum capital of s25.0e0 IN places not
| exceeding 5000 in population, while
formerly the minimum was fixed by law
! at $50. 600 for capital in places not ex-
/ ceeding 5000 inhabitants, has enabled
many Of the remoter sections and small
er communities to secure necessary bank
| ing facilities
The amount of outstanding circulation.
Uby denominations, March Is, the day