The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1903-12-09
Banks
In Oklahoma and In
dian Territory are
Prosperous
Bureau Of The Leader,

DulNdu VI AC Af1aa&Ag
141S G, ST., N. w.
Washington, o. c., Dec. 9-That the
national banking business in Oklaho-
ma and Indian territories is prosper
GUS is conclusiyely shown by state
ment just made public by the comp
troller of the currency. From March
IA, 1900, to November 80, 1903, eighty
national banks we're organized in Ok
lahoma with a total capitalization of
S2,245.000 In Oklahoma territory dur
ing the same period there were sew
enty-seven national banks with a to-
.al capitalization of s2,42O,00O
OF the eighty national banks organ
ized in Oklahoma during this period
seventy-one had capitalization of
less than $4,000 each, footing up
total of s1,795,OOO capital stock In
Indian territory there we're sixty-four
banks in this class organized with a
total capital stock of 81, 1,665O0 Nine
national banks were organized in Ok
lahoma with a capital stock of $4,000
or over for each bank, the aggregate
capital stock of the nine banks being
s65O,O0O There were thirteen similar
national banks organized in Indian
territory during the same period with
total capital stock of s755,O0O.
The increase in the growth of ma
tional banks in Indian and Oklahoma
territories exceeded that of any state
in the union.
The report also gives some valuable
information with reference to nation
al banks organized throughout the
entire country In November, 20 ma
tional banking associations with ag.
gregate capital of $7S5.OOO were organ
lied. Of which IS, with capital of
$460,500, we're banas with individual
capital Of less than $4,000, and 2, with
capital Of sS25,OOO, banks with lndiyid-
ual capital of 100000 and $125,OOO
respectively.
Incorporating the organizations OF
the month with those effected since
March IA. 1900, the total number OF
organizations to date Is 1885, with au-
thorized capital of $1o5, ,27s. 900, the
bond deposit as security for circula-
tion amounting to $25,46S. $50. Classi-
fed by capital, 1,166 of the associa-
tions, with aggregate capital of $780,
4Os,00O were with individual capital of
less than $4,000, and 619, with total
capital Of $74.s70OOO, with individual
capital OF $4,000 OF over.
An additional classification shows
that there have been chartered 1,0O9
banks Of primary organization, with
capital of s54, ,4645O0 56S. with capt.
tai of s36,S6O,OO0, reorganizations of
state or private banks liquidated for
the purpose, and 2OS conversions of
state banks, with capital Of $685.
500.
At the close of November, there
were In existence $3.50 national bank
ing associations, a net increase Of l.,
542 since March IA. 1900; additional
capital s150024, 600; bonds, s140,O14,-
500; circulation, $166,7O4,249, the lat
ter with the exception of $60,560 GOV
cred by lawful money representing an
addition to the circulation secured by
bonds. The authorized capital of the
banks on November 80 amounted to
S766, 1892. .O95; bonds on deposit, 1854
625.930; circulation secured by bonds
S3g3,O1S 4S4; circulation secured by
deposits of lawful money, $S8,0SS, 1876;
total circulation covered by bonds and
lawful money, S421, ,106,979.