The Washington times., 1902-12-03

$685.. 3J2 GO. and circulation outstanding
secured by bonds 1886. 1873, lS9.
During the year ended October 81,
1902. the number Of national banks was
Increased by the formation OF 40 asso-
Citations. with total capital o. $31 10000
Of which 300. with capital Of $1,go5O00.
we're Of the smaller class. and 16S, with
capital Of SOB 225 .0O0 Of the larger. The
net increase. however. was but 800 Nine
/ associations were closed by expiration
OF their corporate existence 81 by vol
Iuutary Liquidation, and I by appointment
q of receiver. Two associations hereto
/ fore in charge Of receivers were placed
/ ia a solvent condition and allowed TO
resume business.
Bank Capital s7I3,435,695.
The authorized capital stock Of the
national banking associations in exist
cuce ON October 81. 1901. was 1868 .2241s5.
and on October 81. 1902. $7l3. 1885, g5. an
/ Increase during the year Of S5o,21l 500
The bonds on deposit with the Treas
/ urer OF the United States as security
for bank circul5uou on March IA, 1900.
I was S244.611.57. On October 81, 1901. 81
. was 1929. S33 $50 and or October 81.
1902. il was 1898 .352 $40. The amounts
Of national bank notes outstanding on
the same dates were 1884. 1902, t23, 1891.
. 6I3.2G8 All 1880 1864.
Under the iaU. national banking as
sociations are required 20 make not
less than re reports OF condition to
the Comptroller Of the Currency in each
year. Tine latest reports sub lifted We're
under date Of September T.. and the
complied returns show the condition Of
1901 associations, with paid-in capital
stock OF sos. 535.4l7 The accumulated
surplus and uIGi@ided prodts Of the as
. sociations aggregated S495 sic 1856, an
amount slightly In excess OF 20 per cent
Of the capital stock. The outstanding
. circulation was 1917. 991 500. individual
deposits. s.. 209. 273 Sg3.g3. United states
deposits and deposits of United States
disbursiug officers $ll7.C3L169.59. anC
Ss.S46, e33 So. respectively. Borrowed
money. represented by notes and bills
rcdiscounted and bills payable. aggre-
gated S53 800 $3.50. or only as per cent
of the capital stock.
Total Resources.
The total resources Of the banks were
sC.l13. ops. $3.50. the maximum amount
reached IN the history Of the system.
The principal items OF resources are as
follows. Loans and discounts. S3.2S0.-
|127. 4S0.G9: United States bonds on de-
posIt 20 secure circulation. 1924. 253. 100;
United States bonds on deposit TO secure
public deposits. 1924. GS5.I5O, other
bonds. stocks, and securities, s4e3, 100, e.
1861; bank premises. including furnl-
ture and fixtures. s52.652 .26S.S7. this
amount representing investments Of APP
proximately l3 per cent OF capital stock
The banks held i'm specie and logal-ten-
der notes. $36f.22612002. and Sl41.757.-
61S. respectively.
Comparing conditions on September 3
1902. with september 30. .9Ol there Is
shown 20 have been an increase in total
D resources OF $41S,5SI, Gl7.54. The in-
creascs during that period In the prin-
cipal items OF resources and liabilities
. were as follows. Loans and discounts
226l 5lI .56229, United States bonds
$l2.57G.52U. capital stock. $50. 1913, 537
surplus and other profits. S65.94S. 357S1
individual DEPOSITS. $271.52o 66O.6o.
Specie Holdings Smaller.
There was a decrease during the yea
/, in holdings of specie to the amount o.
4 so 300 75l.ll; I'm legal tenders Of S9.26l,
Z 1873. and in outstanding circulation o.
r. S5.S71. 7ss.
me deposits OF lll' aAAoNia'loH vi
S September H. On which reserve was re-
Wircd amounted 10 S5.otf 500 .jd0 %
p The required reserve amounted TO 1856
- 40 1858 and the amount held wa
. $500 1898. 9G4.Cg. being 20.92 per cent Of IA,
VI deposits.
= THE reserve held by banks in the cen
! trial reserve cities was as follows. New
% York. 2ATO per cent; Chicago, 21.S9 PEI
$ cent. ST. Louis. 24.15 per cent. an aver
axe Of 24u3 per cent Banks In othe
!. cities held an average OF 2i.33 per cen
and banks located outside OF reserve
Icltios an average OF 1851 per cent. VIII
I. the exclusion OF Government deposits
, from the reserve equipment the aver
age reserve held by national banks fl
% the central reserve cities war increased
: from 2409 TO 25.16 per ceGst; by banks
/. located IN other reserve cities, from