The Savannah morning news., 1901-12-02
THE CONTROLLERS REPORT.
Some Interesting Statistics About
Banks and banking.

Washington. Dec. William B.
Ridgely. controller of the currency,
makes some interesting statements in
his annual report, which has just been
made public. Among other things he
says:
The authorized capital stock of the
4,279 rational banking associations in
existence on Oct 81, 1901, was 1868 ,224.-
1875, which is a net increase during the
year of $50. 721, 800. There was an in
crease in capital stock of S21 ,674 500 by
banks organized during the year. in
cluding sl20, 900 of newly organized as
sociations which increased their cap
ital stock to that amount subsequent
10 the date OF organization. The asso-
Citations which were in existence on Oct
81, 1900. increased their capital stock
during the year to the extent of $21.-
$4,000 There was a. decrease OF cap
ttal stock OF SS,O40,000 by voluntary IL
quotations.
The number of reporting associa-
tions increased from 3,942 on Dec 13.
1900, to 1921 on Sept. so. 1901. The
aggregate resources Of the banks on
the latter date reached a higher point
than ever before in the history of the
national banking system. namely, $5.-
es5.S4f ,294 SO, an increase since Sept 5.
1900, of S647 POS 1886 81. EacE success
sive report during the year shows an
increase in volume Of looms and dis
counts. On Dec 13, 1900. the amount
Of assets OF this character aggregated
~ 5S4 645.35. and on Sept 80 1901,
sS,Ol6,6l5 $3.50, an increase since the
report on Sept. 5, 1900, Of 1881 $50 275 49,
National banks held the greatest
amount OF individual deposits during
the existence of the system on July Is,
1901, namely $2,94lS37. .42S.77. Liabilities
10 depositors on Dec 10, 1900, aggre-
gated 1888, 997 ,521 SS, and at date of last
report S2S37. 753. .233 .S3. decrease since
July Is, 1901, Of 81 4,0S4. 1854, but an in
crease since Sept. 5, 1900, of $429, ,5O4.-
$3.50.
on oct 81, 1901, the outstanding cir
culation Of national banks amounted TO
1888. 1892 us, an increase for the year of
e26,2l9,44t, and since the passage of the
act Of March IA. 1900 of $lO5. SOC. .4S5.
The Controller has prepared tables
showing the aggregate resources OF
national state savings banks, private
banks, loan and trust companies from
reports made TO him or obtained from
other sources. The result OF this in
Nestigation shows the existence Of 12,J72
banks OF all kinds I'm the country with
an aggregate capital OF 81 1888, ,042, 1874;
surplus and undivided profits Of $685.
465,O95 and $270.S55. 258 respectively; de-
posits. $3.50 .2S5. .1i0; and loans and dis
counts, $6,49l $50 74S.
The deposits ,h banks in the South
ern states amour. TO S50i .9O5 11S. and
loans 10 S493 1888 95i in the Middle states
deposits aggregate sl720,0 ,073,957 and
loans sl,52O.994.S94: IN the Western
states the deposits in the banks are
shown 90 be S294.3s3.Si9 and the loans
S229 66b 06l. in the Pacific states de-
posits aggregate $4l2,534.452 and loans
$3.50. 1886
The act of March II. 1900 gave new
impetus 10 the national banking system,
and from that date 30 oct. g. 1901
there were organized az national bank
Ing associations with capital stock ag-
RreRatinR $50. 029b0O and bond deposits
20 secure circulation Of 81 02s $50
Banks organized included 508 with in.
diVldual capital Of lees than $50 600
chartered under authority ~ that act
The capital Of these banks aggregated
ai1.lei.5 300. AFf0ciatlonH organized with
capital NJ $4,000 Or over numbered 22s.
the agRrfEatc capital being t2b.t3l 600
Bonds qeponiied bg the smaller class