The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-12-02
A STEADY GROWTH.
Report of the Comptroller of
Currency in National Banks.

Washington, Dec 2-The annual re-
port of William B. RidgeIy, comptroller
of the currency, has been prepared for
transmission to congress. The report
starts with a detailed statement of the
resources and liabilities of the national
banks, as shown by the five reports of
condition made in response to the call
of the comptroller. In commenting on
this statement, the comptroller says:
The authorized capital stock of the
4,2s7 national banking associations in ex-
istence on October 81, 1901, was 1868, 224,-
1876, which is a net increase during the
year of S30.721, 500. There was an in
crease in capital stock of $21, 674, 500 by
banks organized during the year, in
Guiding S120 900 of newly organized as
sociations which increased their capital
stock to that amount subsequent to the
date of organization The associations
which were in existence on October 81,
1900, increased their capital stock dur
ing the year to the extent of $21, SIS, 900.
There was a decrease of capital stock
of IS, GAO 900 by voluntary HQuidationS.
During the year thirteen associa lions,
with capital stock of 81, $50, 900, were
placed in charge of receivers, two of
which, however, with combined capital
stock of $500, GOO were proved to be
solvent and permitted to resume bust
ness, leaving the number and capital
stock of insolvent banks for the year
eleven and s1,l60,000, respectively. There
was a further loss of capital stock of
$3,752,700, by the reduction of capital
stock of active associations. OF the
thirty-nine associations placed in vol
untary liquidation twenty-five were
succeeded by or amalgamated with
other national banks; six were absorbed
by state banks or trust companies and
eleven Hquidated for the purpose of
winding up their affairs.
The number of reporting associations
increased from 3,942 on December 13,
1900, to 4,221 on September 80, 1901. The
aggregate resources of the banks on the
la la 0 he'd a fcrh inf
ever before in the history of the nation
al banking system, namely, S., 695, 294. S6,
an increase since September 5, 1900, of
$647, POS, 1887. Each successive report
during the year shows an increase in
volume of loans and discounts. On De-
cember 10, 1900, the amount of assets of
this character aggregated So, 50
and on September 80 1901, So, 01S, 615,-
$3.50, an increase since the report on
September 5. 1900, of 1891, $50. 275.S3.
On February Is, 1900, the aggregate
amount of paid-up capital of 1904 banks
reporting was $613, 084, 465. By December
IL, 1900, with an increase of banks to
3,942 there was an increase of capital
to $632, 356. 405. At date of last report
tai stock is shown to have been $685.
341,SS0. Compared with September 0,
1900, the paid-in capital stock has in
creased since that date in the sum of
vided profits of the associations on
September 80. 1901, We're $279, 532, SOS. 81
and $151, 029, PAS. 20, respectively, or ap
proximat ely an amount equal to two
thirds of the paid-in capital stock Since
September 5, 1900, the outstanding cir
culation of national banks, as shown by
the reports of condition, has increased
in the sum of $39, 914 $3.50, standing on
September 80, 1901, at 1929, S36, 1919
There is still carried on the books of
few associa tions converted from state
banks circulating notes issued by the
latter to the amount of 1,S745O.
National
amount of individual deposits during
the existence of the system on July Is,
1901 namely, 81, 941, S37.77. Liabilities to
depositors on December Is, 1900, aggre
gated 81, 623, 997, 521.SS, and at date Of
last report 1897, 1853 233. 33, a decrease
since July Is. 1901, of $4,0S4, 1884. but an
increase since September 5, 1900, of $429.-
504, 675.s0.
on October 81, 1901, the outstanding
circulate of national banks amounted
to 1885, 1872, us, increase for the year
of SOS, 219, 447, and since the passage of
the act of March IA, 1900, of $105. S06, 4S5.
The comptroller has prepared tables
showing the aggregate resources of ma
tional, state savings banks, private
banks, and loan and trust companies
from reports made to him or obtained
from other sources. The result of this
investigation shows the existence of
L, e72 banks of all kinds in the country,
with an aggregate capital of 81, 13S, 042,-
1874; surplus and undivided profits of
$685. 465, 095 and $270. S55, 253, respectively;
deposits, IS, SIS, 2S5. no. and loans and
discounts, Sc, 491, $50, 743.
The report shows that during the
year ended March l, 1901, on average
capital of 1922. 1856 go and surplus of
$257, 94S, 296. SO, the earnings in gross
amounted to $197. 1903. 1924. from which