The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-11-06
In Four Years ISIS National In
stitutions Have Been Organ
lied With 1854, S5S,24O Capital.
NEARLY 800 DURING THE YEAR
Average Capital Is Now SAP. 900
outstanding Circulation In
creases Almost so Per Cent
Since 1900.
REPUBLIC

REPUBLIC SPECIAL
Washington. Nov. During october,
1904, there were organized forty-three ma
tional banking associations. with a total
capital of S.175.0Vo. of which t~wenty-four,
with q capital of seS5,Go the individual
capital being less thar $4,000, generally
s2a,@D, were incorporated under authority
Of the act Of March II. 1900. In the same
period nineteen banks, with a total capital
of 2,110,Wo. We're chartered. the average
capital being, approximately, Sill, 900.
Banks of the latter class were organized
under authority of the act of 1864.
In the year ended October 81. $50 banks,
with an aggregate capital of ISL, 800,
were chartered. the average capital being
about soS,09o. and also 142 associations,
with a total capital Of sJS. 57 800, an aver
ase capital OF Ss5.Hn, The total number of
banks chartered during the year was 4SI,
with a capital of s21 .0l9, 800.
Under the act of March II. 1900. author
izlng the organization of national banking
Ao,OW., 2.1?t national banking associations
nave been chartered. with an aggregate
capital of SIS .5i2. 100. and charter bonds
to the amount of S1. 500. 80.
or the total number. 1.i37. with a cap
ital of S7, 459. 800, were with Individual a D
ital of less han $4,000. the average capital
being. approximately. $685. 600, and 759 with
a total capital of ss .052, 800, an average Of
S116, 900.
STATE BANKS.
Included in the organizations effected
during this period are $50 State banks,
with a capital of SIG. S2s, 500. which were
converted into national banking a~ssocia-
ttons: n6. with a capital of SIS. 756, 600. re-
organizations Of State or private banks,
and 1,23o. with a capital Of ss5, Log, 500, pri-
mary organizations.
The average capital of national banks IN
existence In March. 1900. was slightly in
average was nearly $4,000, and on octo-
Der 81, 1904. approximately $1i2, coo.
AT the close of the year ended October
IL there were In existence 6.4a5 national
banks. with authorized capital of $751; 49,
3ss: bonds on deposit to secure circulation.
si2s. 5A.7@: circulation outstanding secured
by bonds. 1924. S30, ISL. and circulation out
standing, secured by bonds and by lawful
United States. s457. 81, 800. A'
During the year there was a net increase
in the number of banks of 34s, in author
lied capital stock Sa. 759. $40. bonds on de-
post as security for circulation S43, Sl7, $50
and in total circulation outstanding $751;
670,sl7.
Comparing conditions at the close of the
current year with those existing OF March
Il. 1900, there is shown to have been a
" SEtA- uohhhS ltt pSTlOu VI 1tStO I'D
tional banks. an increase in authorized
capital of S16a. SIS, $40. In bonds deposited
as security. for circulation of $1S1 $780, "a
and In total amount of national bank cir
culation outstanding of SSD2, s7S.1 40.
CIRCULATION INCREASES.
From the foregoing it will be noted that
the outstanding circulation increased
nearly 80 per cent since March IA. 1900.
due. mainly. to the provisions of the cur
rnnNHr ocf arrh0rf0tr,- tLN tr,,,. .txo,,
.ation to the par value of bonds deposited;
the reduction of the tax OF circulation,
and the organization OF banks with capl-
tai Of s25.60.
OF S0.5s?.co have been placed in voluntary
Liquidation. and twenty-six. with capital
of 81. 100 in the charge of receivers. DUR
Ing the year. OF the latter. however. six,
with capital of SS5,eO, were permitted to
resume business. resulting in a net loss
to the system in number and capital of
banks by failures. of twenty and S1.535. 900,
respectively.
OF the 7.46o nationa. banking associa-
tons chartered during the existence of
the system. 1871 per cent are in operation;
81 ner cent were placed IN voluntary
LIQUIDATION. and SO per cent in the charge
of receivers.
The individual deposits In national and
other incorporated and private banks of
the country. as shown by statistics COM
aggregated 1864, 834. $50 In 1882. From that
date in 1886 there was an increase of $780,
lS0.1E3, or to $i,9i5. 124.42 In 1900 the de-
posts had Increased to S.23s 1856. 40, an In
crease In this four years period of s.
2sa. OF. At the close of the fiscal year
ended June 30. 1904. the deposits In banks
in the United States reached 1881 .25a. $50.
an increase Of i2.745,36s.o5i. or approx
mRtely. 80 per cent.
The increase from 1892 to 1904 was s.
GIG. 325.oS0 or nearly LA per cent. Adding
to the deposits in national banks of the
United States the amount held in incoT-
porated and private banks in Porto Rico.
Hawaii and the Philippines. an aggregate
is show of $4,000, 5S. ass.
INDIVIDUAL DEPOSITS.
The individual deposits in each class of
banks In 1904 are as follows:
National banks. 1891 ,433. 5o7: State banks.
$2.od 1886. 716: savings banks. s2.e1s. "a. 800
loan and trust companies Sl.s00. s22.3 so: pri-
vate banks. $95. 7S1.4o4: island possessions.
s19,2S1. $50. Of the latter amount. f13, 81. 334
being held by private and rpora ted
banks other than national, and 1905 1886
by national banks.
Rela lively speaking. 50 per celt of the
deposits are in national banks; g per cent
In savings institutions: % per cent in State
banks: rs per cent In loan and trust COM
panies: nearly l per cent in private banks
and about 1-o of ] per cent in n other
than national, located In the Island pos
sessions.
Considered geographically. IS per cent of
the deposits are held by banks located in
the Eastern States: % per cent by those
located in the middle Western States: II
per cent In the New England States; 6lh
per cent In the Southern States: ~ per
cent in the Pacific States n Territories,
and approximately. 4 per cent in the
Western States.