Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-07-08
Banks of the Country,

UT tue year eHQ1ng April I61, very
satisfactory statement is shown concerning
the condition of the banks of the country
in general. The following items in the as
set column are enumerated: Loans and dis
counts. $2,911 500 ,276.OO; overdrafts, $685.
036,550.54: United States bonds to secure
circulation, $500, 511 $1,000; United States
bonds to secure United States deposits,
$102, Ill $4,000; United States bonds on
hand, $10.734 1000; premiums on United
States bonds, $500, 7O1.77; stocks, secur-
tiles. ETC., $500, $50 992. 16; banking house,
furniture and fixtures, $50 961 ,147.73; other
real estate and mortgages owned, So, 032-
667.95: due from national banks, S255. 347 :
521.14: due from state banks and bankers
$12,224, 1920; due from approved reserve
agents $4s0O32, 49, internal revenue
stamps, 81 III ,21316; checks and other cash
items. s21 500, 9OO.s7; exchanges for clearing
house. $3.50, 1852 .O41.s2; bills of other ma.
tional banks. see, 465, 1880; fractional cur
rency, nickels and cents, $1346 361 Sc:
specie, 1856, 173. 1921; legal tender notes,
S159. 1924, 246.OO; United States certificates OF
deposit. So, 100 10000: s. per cent redemption
fund. S15,s11 ,356O3; due from treasurer
United States. $2,669, 699.52. Total, S., $780,
1914 .S67.1
In regard to the liabilities the following
are given:
Liabilities-Capital stock paid in, $40. u.s.
600; surplus fund. $267 $40, 239.sS; undivided
profits, less expenses and taxes. s14S.216.-
$500; national bank notes outstanding,
$317 .2O207S; state bank notes outstanding,
52,2325O; due to other national banks,
$676. 147 .920.04; due to state banks and bank
ers. s27s, 719, e2s.71; due to trust companies
and savings banks. s241 900, SO; due to
approved reserve agents, $50, 100. 172. 10; divi-
dends unpaid, s9O5, $3.50; individual de-
posits, s., 1893 ,665, 449.71; United States de-
States disbursing officers, So .s2o. 4997s; notes
and bills rediscounted, A,034. 1886; bills
payable, 1892, 1854; liabilities other than
those above. 81 1866. 67O01. Total $500. 794,-
367.15.
The total amount Of individual deposits
is thus given as almost three billions Of
dollars. This figure Is in excess Of what 1t
has been during past years. and it shows
that the people ere reposing greater faith
in the national banking institutions, as well
as furnishing evidence that money is freer
than it has been in the past. During the
year 1893, when the country was experience
ing panicky times, the total amount Of in
iividual deposits reached only to the ST.
5S7 500, 515.27 figure, and the loans and dis
counts-the, largest of the items in the re-
source column-aggregated but $1,97O,09S,
S33.O6. According to the statement of April
p, the loans and discounts amounted to
$2,911 ,526,276.
Increase in National Banks.
The following general statement, giving
some interesting facts, was furnished this
afternoon at the controllers office:
1.-THE national banking system was inau-
gurated in 1868. and during the period ter
minating on June 80, 1901, national banking
associations to the number Of 5sSS were
OF organized.
''The most important amendments to the
national bank act placed on the statute
books since 1882. when provision was made
for thu extension of the corporate existence
Of national banking associations, were
those contained in the act Of March ii,
1900. providing for the organization Of ma
tional banks with a minimum capital Of
$4,000. the issue Of circulating notes to the
par value Of bonds deposited and the re-
duction Of semi-annual duty on circulating
notes secured by bonds authorized by that
act.
From March II. 1900. to July /. 1901, ga
national banking associations were organ
lied. with an aggregate capital Of $s1. &C.,
600. bonds being deposited by these assoc
Citations to the amount OF Sc. 429. 100. OF the
total number OF organizations. 40 were
with capital Of less than $50 O00 the agRre-
gate being I'll. 157 COO; and 1g6 with capital
OF $4,000 or more. Aggregate capital. &c.
7650O0. OF the total organisations, 81 were
conversions Of state banks authorized under
section b1D4 OF the United States Revised
Statutes, the capital Of the converted banks
ag0renntlu9 * A70O00 Tho conversations NJ