The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1901-12-03
CONDITION OF
NATIONAL BANKS
Comptroller RidgeIy'S Re-
port Shows Institutions
in Good Shape

washington, o. C., Dec. 8.-The
report of VIM b. Ridgely, comptroller
OF the currency aas been made public
II follows
wne authorized capital stock Of the
4.279 national banking associations ir
existence on October 81. 1901, was $685.
z2A195. which is net Increase during
the year Of SSo72l.soo There was an
increase ia capital stock OF $2t674 soc
by banks organized during the year, In
Guiding Si20 600 OF newly organized as
sociations which Increased their capital
stock 10 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 10 the extent of S21,Sl5,-
600. There was "A decrease Of capital
stock Of SS040,OO0 by voluntary liqui-
dations. This amount includes the cap
ital stock Of banks which have not yet
deposited lawful money to retire their
circulation and withdraw their bonds
the accounts beine stili carried on the
books OF this office. During the year
- tAHcVAAaAibAAr WIN ANRAAdA nA'Nh VI
81 100000, were placed in charge Of re-
ceivers, Of which however. with COM
bined capital stock Of 100000. were
proved to be solvent and permitted 20
resume business. leaving the number
and capital stock Of insolvent banks
for the year IL and S1,760,0O0. respect
lively. There was further loss Of cap
ital stock Of s3,752,700. by the reduc-
tion OF capital stock Of active associa-
tions. OF the 80 associations placed IN
voluntary liquidation % were succeeded
by or amalgaated with other national
banks; were absorbed by State banks
or trust companies. and II liquidated
for the purpose OF winding up their az
fairs.
The number of reporting associations
Increased fiom 3942 on December 13.
1900 TO 1921 on September 30, 1901. The
aggregate resources OF the banks on
the latter reached higher point
than ever before In the history OF the
national banking system. namely. So
695.347,294.90, ~ increase since Septem
Der 5, 1900, OF s6I7. .2Os. 1857 Each sue
ceHsive report during the year shows
an Increase in volume OF loans and dis
counts. On December 13 1900 the
amount OF assets OF this character ag-
gregated s2.7O6.5s4, 643.S5, aud on Sep
tember 80, 1901. sS.O1S6i5,9is.4 40 an in
crease since the report on September 3.
1900, OF 1891, s56 275.ss
On February ls. 1900, the date of re
port nearest to March IL OF that year.
when the act was approved authoriz-
ing the issue Of circulating notes to the
.s2r value Of bonds deposited therefor.
bonds FOR the purpose were held by the
treasurer OF the United States In trust
70 the amount Of sSOe 622 $50 and on
September 80. 1901. 10 1929. .872. $50. Bonds
on deposit as security for government
deposits Increased from Sl0l,414.s20 on
December 13, 1900 to SiO7 ,107 100 on
September so 1901. The total invest
ments Of national banks In government
bonds on December 13. 1900. amounted
70 sfis,06l92O and on September 80
1901, 10 $444. .sI6, 400.
on February iS. 1900, the aggregate
amount OF paid up capital OF S6Ol
hanks reporting was s6la0S4.465. By
December 49, 1900. with an Increase OF
banks to 3.9f2 there ives AN increase
of capital 10 s632,S5S 4O5. AT date OF iasl
report from the 1921 banks. their paid
In capital stock Is shown TO have been
$G55.sii,SSo Compared with September
6. 1900, the paid IN capital stock has
Increased since that date In the sum Of