The times. [volume] (Washington [D.C.]) 1897-1901, 1900-01-08
BANKING STATISTICS.
Last Year n Season of Grent Pros
pcrify for Fiscal Institutions.

The first volume Of the report of the
Comptroller of the Currency which was
issued recently contains the following
statement regarding Organization of ma
tional banks
'on October 81, 1898. there were in ex-
istence s.5sS national banks. with autnor-
lied capital stock of S624. 55e. 195. During
| the year ended October 81. 1899. seventy
eight banks with capital OF Sls,4So.toO
were organized and fifteen associations in
| creased their capital stock, in the fggre-
| gate s.. 9S5. coo. Within the same period
sixty-six banks. with capital OF s26.510.00O.
were placed in voluntary liquidation by
the shareholders: twelve insOlvent banks,
with capital of 100000 Including two
banks with $3.50. 000 capital, heretofore in
voluntary liquidationD were placed in the
charge OF receivers. and seventy-nine banks
reduced their capital to the extent of S.
9s4 i5O These transactions occasional
net reduction of the capital stock since
October 81. 1898. OF Si6.02+ l5O. The au-
thorized capital stock of the 1901 national
banks en- October 81, 1899. was S60S,52S.0f5.
The number and capital OF banks orsan-
lied during the past year exceed the num-
her and capital OF those in 1898 by twenty
two and s6,s05.O00 respectively. Penn
sylvania leads the other States in point OF
number eleven banks having been organ
lied in that State. with capital aggregatins
81, 80. 000 Eight banks were established
in Ohio. and the same number In Texas:
six in New York, five in Iowa. four In
Illinois three each in Indiana, Massa-
chusetts Missouri. Nebraska. New Jersey,
and Oklahoma, two each in Kentucky,
Mississippi. North Carolina. West Vir-
ginia. and one each in Alabama. California,
Indian Territory. Kansas Louisiana. Michi-
N,vv
eonsln. and Virginia. In aggregate capital
Massachusetts leads. with $4,000. 600. fol-
lowed by Ohio. with $500. coo. and Mis-
souri, with 81 $50. 900. In addition TO the
banks organized the Comptroller has sp-
proved applications for the organization.
in the various States and Territories. OF
thirty-six banks. with capital aggregating
81, 500. 600. OF the seventy eight associa-
lions formed during the year. sixty-nine
were primary organizations, and nine. with
capital aggregating s2.250.00O. were con-
versions of State banks. Since the Cstab-
lishment of the national banking system
5 22g banks have been organized. OF which
95S have been placed in voluntary liqui-
dation. and 3ST in the charge OF receivers.
This Indicates that only about Z per cent
OF the total number OF national banks or
ganized have failed.
Twenty-two national banks. with capital
stock OF S. 155 zoo. reached the expiration
of their corporate existence during the past
wear and renewed their charters for.
further period Of twentyyears. During the
coming year torty-fve associations. with
capital aggregating s6.9i2 100. will reach
the. expiration OF their corporate existence.
and during the ten years ending December
81. 1909. the corporate existence OF 1.255
banks. with capital aggregating $40. 5$S
$50, will expire. Since the passage of the
act of July IL. 1852. providing for the OK
tension Of the corporate existence of NJ
tional banks. renewals OF charters have
been granted to 500 hanks, with sapital
aggrsgating si1o.6S5 lis.