New-York tribune., 1901-12-02
NATIONAL BANKS GROWTH
STATISTICS FOR THE LAST YEAR GIVEN
BY CONTROLLER RIDGELY.

washington Dec. 1.-The annual report of Will
lam r. Rideely Controller of the Currency. has
been prepared for transmission to Congress Inc
report begins with detailed statement OF the re-
sources and liabilities of the national pahhs'
shown by the five reports OF condition mace IN
response to the call of the Controller. In COM
nenting on this statement. the Controller says
The authorized capital stock of the 4.2l9 natlonai
banking associations in existence ,ssse on curing
the year of S3072l SOC. There was an increase s IL
ine The year including $4,000 of newly ORGANIZED
associations which increased ther & f fnrranzation
The associations which were in existence on Ocho ~
her 81 1900 Increased their capital stock during the
crease Of capital stock OF S2Vf9S S9Ss W the captaI
stock of banks which have not yet deposited law
vi; p bnpSs the accounts being still carried on the
books of this office During the year o lnr.ee ueTe
placed charge receyeTs& & Two of Of ss5 Ssiea R0T MeTe
with combined capital Sio.k to Resume bust
ness leaving number and capital s,oS6 s @ @ re rs
soeciTeT There was further loss Of capital
stock of S. by the reapet9n OF oapl's, assoc
lions niaced in voluntary liquidation tWenty-I~o @
Ie 6 we're or bsoTSed by State banks
companies, and eleven nauda'eu io' '"e pun
The % nHmber oS reporting associations ipsreased
Ire rG a 30 g1 oi The aegTegae resources of the banks
The latter date reached higner pgih hsnking
namely s. 81 s g. % an s. eeb
tember 1900 OF oSss no % sn increase in vol
ame of loans discounts On December 1s lss
50 7eS 5S4 siS s5 and on September 80 lsl, sS:ols
s5siS 90 an increase since the report on septenn-
= On February Is 1900 the date of report nearest
TO March IL Of that year, when the act was aP-
,roved authorizing the issue of circulating notes
% The par value of bonds deposited of fb
United States in trust the amount of s2S6s3 SO
$500 iS0 and on September 80 1901 to s sa sso
Bonds on deposit as seeuTIy M o5o 50r nnnnher "a
1900 TO sie7.1071eo September 80 1901 The .osat
T 2af5Ops1 Il m sans smanntad ID to s
ana on September 80, 1871. 70 s444 S16,4s
pad in capital Of ssoa banks reporting ss
ss5 BY December 10 1890 with an - incTesse fd .,
sss @ At date Of last & reGoTt # boRn fFo the fe have
bsa @ 5hs Ell @ ssd ompared n epreai with eptember
the paid in capital stock has increased since that
undivided profits Of The associati9ns Ems on on os Seq
teer 50 1901 eTe SIS @ 81 anna smo3nt equal To-
othrs o Of the paid in Gapitai sToEk l0e Of n
has increased in the sum Of s3 M = ss standing IL +3 9n
carried on the books Of few association, con, con;
verted from State banks circulating notes issued
by the latter 10 the amount OF sSlS4 5o
DEPOSITS. LIABILITIES AND RESERVE
National banks held the greatest amount Of in
dividual deposits during the existence Of the sys-
biiities to depositors on December 1s 1900 aggre-
sed s s. and at Hn date % of m last ,s ospOof of
s4:es4is5 = but an increase since September o.
Government deposits on September 30 1901
showed increase over the amount held on De
oefsr on fRe latter I ls date aI Being sei :s
The net amount Of Liabilities bill @ Of ds national ha nahkng
serve was required aggregated s. ss s44 81 a. the
amount heYd 81 o12 2ss 1oS s. or s7s5 per cent
The composition Of this reserve was as follows:
Specie sass 5ss 81 ds
Due from agents 456.sss.o17 IS
United states Ioiot'so[ "'
The refunding clause of the act Of March Il.
1909 resulted in material change in the class
Iai,ed States in trust as security d6 for natio9al
post had increased 10 ss2s ss9 ali of which with
the exception of about per cent. consisted Of
On October 81. 1901, the outstanding circulation
of national banks amounted to $3.50 So 715 an in
passage Of the of March IA 1900 s1o5 SOC 49,
ggresafe resources Of national State savings
banks. private banks and loan and trust companies
The result of this investigation shows the
st @ 81 s 6a5d oa6 at Of s j t 2.
and undivided profits Of se9S 465 oa5 and $40
and dsooGnts sss asPS7 and loans
These consolidated returns presented in detail
graphical division and all banks Of each class in
In the NeW-Eneiand states there are shown to be
in operation, by these returns, J: lob banks. with
s1112i5e al In the Middle Atlantic States the
turns from 1875 banks show deposits aggregatng
cess Of deposits over loans in this geographical
large Investments in stocks, bonds and other Sc
cIrities by savings banks.
TO s5o1 so5 lis and loans to s495 951; in
the Middle Western States deposits aggregate
ern States the deposits in the hanks shown to
be s29s 3s3 sl9. and the loans s229 665 o6I in the
Pacific States deposits aggregate s4125a4,452 and
Statistics were obtained the same lines from
one national, three other incorporated and two
private banks in Hawaii; three incorporated banks
IN Porto Rico, and seven incorporated banks; IN
an aggregate Of sixteen institutions in these new
ported is ssg Surplus ne ana usdivded profits
8 $50; deposits S2S os 6O2 and loans. s13 9S 262
March Is5i on average capital Of ss2 GO and
surplus Of sz57 s4s. .2s6 Sc. the earnings in gross
amounted s197 sOs s23 "a from which charged
off losses and premiums aggregating $34S4. .4o7 6s
and expenses Of s75Ss04o 90 leaving net earnings Of
ss7.s74174 81. from which dividends were paid at
average rate ST per cent. the amount being $780,,
21e115 n Combining capital and surplus. the rate
I-nder the various acts Of Congress S0os banks
with authorized capital Of s7s5 4S7 $50 have been
at the close OF the report year, 13i0 in voluntary
liquidation and Ss7 in charge IF receivers or finally
The act of March IL 1906. gave impetus to
the national banking system, and from that date to
October 81 1s1. there were organized 742 national
banking associations with capital stock aggregatng
sss o2s 500 and bond deposits to secure circulation
individual capital of less than $4,000 chartered
Snsr saho Sf snat aS espta1 OF ores
1zed with capital of $4,000 or over numbered 23e.
ne,taS nv he emaIier class amount 70 81 $50 loo
and by the larger class ss.s5e75o.
since March IA were los banks with capital of
81 $4,000 converted from State banking institutions
rised Statutes of the United States OF the CON
versions. es. with capital of $4,000 were Of the
banks with Individual capital of $4,000 or over
OF ,-tI.pTEpS