Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-12-07
LARGE Increase in Number Of ASso-
cations aud Great Increase in
Aggregate Resources.
MIDDLE WESTERN STATES LED
Ia Number and Amount of Capital
Invested Under the Act Of
March a, 1900

nort of William RidBely, comptroller
of tbe currency, has been prepared for
ounsmssion to Congress. The report
starts with a table giving a detailed
statement of the resources and liabili-
i,s NJ al the national banks of the
Tinted states, ms shown by the five re-
morris Of condition made IN response to
ibe call of the comptroller
Comparing this statement with that
for Sept 10, 1902 It Is observed that
there has been an increase In number
of reporting associations of AL and a
pet increase of $l96 SOL ,053.S in aggre-
cate resources. The increases of the
principal Items of resources are as fol-
lowg, Loans and discounts. 1901 3l9
ggl United States bonds, S65, 1888, $50,
specie $3l, 800, Oi7 90; legal tenders, $li-
G52,2iL
LOANABLE FUNDS.
Durmg this period the loanable funds
were augmented as follows. Capital
stock TO the extent of SlS,lS124l; sur
rus and other profits, $50, $50, 9s42S
government deposits, S2b,6lL l9I31
Notwithstanding the increase IN
loanable funds and the volume OF loans
and discounts, there was a net de-
crease from Sept 10, 1902, 70 Sept ,,
1903 in individual deposits OF S02, 9iO,-
1886. This item reached the maximum
during the year, and also during the
existence of the national banking sys-
lem on June, .. 1903 namely $1,000
gg35Og22 From this high water mark
there was a decline on Sept, To
S. 1866. 1888, i99.01, or S44660, 0l0,l5,
The capital stock and surplus funds
of the associations gradually increased
from SIl4,6l63jS and $685., 1888, 1908, re-
speciyely, on NOV. 25, 1902, TO 1858, 49,
6iS and 1870, 800 GSi26. respectively, on
Sept ?, 1903.
with the national banks have shown
but slight variations during the year,
the amount TO the credit of the gov
eminent on Nov. rs, 1902. being $685.
4GiSO94i and at the close of the year
Sl4O.ill, 999.26 Bills payable and redis-
counts were at their minimum on Feb,
g. 1903 and at that time amounted to
$2292l, SSiI5. and Were at their maxi
num- AI0663 $780, on Sept ., 1903
BONDS ON DEPOSIT
United States bonds on deposit to Sc
cure circulation Increased from S3ll,-
SSS2O on Nov. rs, 1902 To S343 ll9. 800 on
April p 1903, to S36S941 ,370 ON June .,
and TO 1881 sos, $50 on Sept, 8. United
states bonds on deposit TO secure pub
DC deposits increased during the year
nom Sl3l ,3f6,7O0 on Nov. %, 1902, to
Sl36,aiOO20 on Sept. o, 1903, Bonds other
than United States securities, depos-
ned TO secure public deposits, amount
cd on Nov. IS, 1902, to $l9705, 1854, and
steadily decreased to st6,743,055 on June
p 1903 ON Sept. g. 1903, however Sc.
cufllles of this character We're on de-
post to the amount of $4,000, 1850
SPECIE HOLDINGS.
The specie holdings with the banks
varied ifom "a minimum OF $685., 6l6,-
1900 on June 3, 1903, to maximum of
asi"oi!lic3f on Feb, 6, of that year
ine amount OF gold IN the banks ON the
nee lASt mentioned was $lo5 2SS, 100;
soi9 treasury certificates, $llS,765,O 900;
solu treasury certificates payable TO
order Si2,2l5.Q0O. and gold clearing
mousse certificates, $72, 1885. 900; total gold
ana gold certificates, 1898, 70S. 779. or
She holdings Of silver, 81 ,l60,021 was In
UVlai S0S, l6l POS In certificates and
y"D'Hu4S IN fractional coin: total sill
VIZ F'NooS 1851. On Sept O. 1903. the
sP'Nlr leld amounted To 1891, 556, 1853
,,s.ad,SIIled as followa: Gold coin, SlO5.-
se3S1i gold treasury certificates su9'-
gG!--V' gold treasury certificates. nav
spla to order, $271S0. 900. gold clearing
aogse certificates, s63,sO7, 900; total gold
"Iu sold certificates, S315.4241li silver
,to c, gl B2, 7GS, silver dollars,
tpVc,553,'ii3 and fractional silver coin,
"''0'Ii'i total silver Ss2,132, 1854.
RESERVE.
.ulLhe deposits of national banks IN
ViN" reserve is required amounted on
WGi,a Sd ISV2 to S705,2l1132, against
,tr5' was held I'm cash, in funds cred
ror ~ reserve agents, and i'm the Z
cr 1e Wy redemption fund, 1887 .0742lS.
how per cent The legal reserve,
s5 nN'tr amounted 10 sst70St 4St ~,
1-VN rer cent. The deposlt liehllities
amn.oIeised on Feb g. 1909 10 SASH eoi
o, a'ellned 10 S3,S23, AL 1856 on Aprll o
NJ N 10 SSlLO36,0Sl on June .. AZ date
d,, uv report made on Sept. Q. 1903. the
ss5 .,'l, liabilities had increased TO SS-
b,,5I - on which legal reserve was
irba W. SooV, 'b2'lSi. or 22.62 per cent.
~, l'Iotnlage of an available funds
w U.iusit liabilities ranged from,
,m'uilIuum OF 1925 on April o 10 n maxi-
ittuI, or 2LlO on Feb, 6,and percentnee OF
Os'l it serve was the lowest and hiyh
90 40 '' Vne same dates, being 2l.6S and
80 lespectively. The average rate
nv ,.u( OF legal reserve maintained by
w. national banks of the CITY OF New
NJ exceeded the requirement at date
y,,i g"Sn report during the year. ana
NJ, rom a maximum of 2S4t ON
AMI, -'' wy, to a minimum of 20. 96 on
''tANlzATIoN OF NATIONAL
BANKS.
pn Feb. %, 1903 the nationai hanL,o,
rjod ,s t'u peen IN operation for Pc
IN, d, 7" Years and from June 90. 1863.
o mt u"le Of issue of the first certilcatc
Eu,,,u'']lng a national bank To bee,n
ICosa.N''S, ON Oct 81, 1903, there have
sr,, chartered 7,02p national hank
da,, 'sSoclations, with capital at
WHIT organization OF $500 g3i, 1S2, of
Nam. 'l@o with capital Of S29S, tdS, CPS
"a n, diversions OF state banks effec-
so,t u lohlormity with the provisions of
~, wy 'lol or the revised statutes. md
s-s- -g5 aainlng b,903. with capital of
'lon ''''NS ol primary organlSa-
GREAT IMPETUS GIVEN
natio,uu in9etus given to the formation of
act .f banking associations by tho
of ubi,hs atch IA, 1900 under authority
mlplr,,, tue hanks are organized with
nhies i,n ,apllal OF $4,000, circulating
douo ssuable to the par value of bonds
,tpoS5lled aud semI-annnal dutv on
MIN 1'a,lon reduced, 1895 associations
have hu'norized capital Of S1Ol, 493, COO,
ofpori o,tn added TO the system. Tho
scne i'4allons during this period rene.
totu "ppIoNlmately one fourth OF the