The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1902-07-03
SOME FIGURES OF INTEREST GIVEN
OUT BY ONE OF THE IMPORTANT
GOVERNMENT DEPARTMENTS.
NUMBER OF BANKS WHICH
HAVE BEEN ORGANIZED
Three Hundred and Sxty-four Banks
With a Total Capital Of More Than
Twenty-three Million Dollars and
Net Increase OF Three Hundred and
Eight for the Fiscal Year.
(BY ASSOCIATED PRESS. ]


Washington, July 3.-Mr. Ridgeley,
comptroller of the currency, has made the
following statement:
During the year ended June 80, 1902
there were added to the national bank sys-
TEN d37 national banking associations with
aggregate authorized capital stock of $50,
4oz 900, and with bond deposits as secur-
ity for circulation OF S6,oIa,75o. Organ
zations affected under the act OF March
IA 1900, l. e., that is with capital OF less
than $4,000 Tin a large majority OF cases,
the capital being $ss,ooo) numbered a73,
with authorized capital stock Of $7,a47,-
900, the average capital of these associa-
tions being approximately $ao,s4o.
"Included in the total number OF Or
ganizations are 364 banks with total cap
ital of $a3l6 900, the individual capital
ranging upward from a minimum of $780,
900.
an connection with the foregoing, it
may be stated that since the passage OF
the act of March ID, 1900, there have
been organized 1901 banks, with aggre-
gate capital of $6a 900, and with bond
deposits of $i5,442,soo.
Banks OF the smaller class were Or
ganized to the number of 7oe, with a
capital of $i8,4oa 900, and to the number
OF $50 of the larger class with aggregate
capital Of $43.o4s,ooo.
During the fiscal year IN question the
net increase of National bank associations
was 3oS, as three failed and were placed
in charge OF receivers and 66 closed by
voluntary liquidation. Since the establish
ment Of the system there have been or
ganized 6,32s banks, Of which 4,546 are
in active operation, 1892 placed in vol
untary liquidation and 387 in the charge
of receivers.
Total Capital Stock.
while the records showed that the to-
tai authorized capital stock OF National
banking associations have increased FROM
647 ,666,oos to ga ,6oI COS, there has been
reduction during that period of bonds
on deposit as security for circulation OF
$o,o55,7oo, circulation assured by bonds
has decreased in the sum of $o,65I,872, or
from $323,8oo,6S3 to $3I4,238,8II.
Circulation outstanding, secured by
lawful money deposited with the treas
urer of the United States on account OF
failed and liquidating banks and eight re-
ducing their circulatons, has increased
from $2o85I5o3 to $42,433, $50, which has
resulted in net increase of outstanding
issues secured both by bonds and lawful
money Of $2,o2o,oo5.
"The material changes in denominations
of notes outstanding are confined to the
fiyes and to the tens and twentes of the
bonds on deposit to secure circulation
notes aggregating $3iz,I63,53o per cent
consols of 1880, amount to $3o6oo8, 200
or over 90 I-2 per cent of the otal depos-
its. The paid in capital stock Of the
National Banking association increased
from April 80, 1901, and April 80, 1909,
to the extent of $3o3o7aIa; surplus and
other profits, $44,os8,4so; individual de-
posits, $aIS,o24746, and total resources
to the extent of $33r,34I IoS4. This ag-
gregate resources Of reporting associations
in April 1901 and 1902 were $s,63o,zo4,-
3o7 and $s,o6a,I3s,45I respectively.