Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-06-07
INCREASE IN BANKS
OVER 1000 MORE THAN IN
MARCH, 1900.
Greatest Advance Has Been in the
Pacific States and the Territories
Falling Of in New England.

In connection with the organizati ton of ma
tional banking associations under authority
of and subsequent to the date of the pas
sage of the act of March IA. 1900, COMPARE
of the reports of condition made to the
controller of the currency on February IL,
1900, and March -, 1904, is interesting with
respect to changes. increases. etc. which
occurred in each geographical division of
the country. In the aggregate there was An
increase in the number of associations of
1,62S, and in aggregate resources of 81 $751;
0S4 9O2 The increase in capital stock
S152. SOP surplus and other profits. $210-
659I circulation outstanding S1sO, $685.,
G54. and in individual deposits, S772 623, e24.
Stated in percentages, the number of banks
increased 10 Per cent; aggregate resources,
Al per cent; capital nearly - per cent sur
plus and profits. GO per cent; individual de-
posts. 81 per cent; circulation, approx
mately, % per cent. The loans and dis
counts increased from S24s1 OOO.O in
round numbers, to So, 544, O00,OOO or bout 40
per cent The specie and other lawful
~ nancy holdings increased S14O,971, 267, or
nearly 30 per cent.
Reduction in New England.
By reason of liquidations and consolida-
lions. there was reduction in the number
ef banks In the New England states of 80,
and In capital stock of SIS 4S5 OCO. 1t ap-
pears, however, that the aggregate re-
sources of the banks in this geographical
division were greater by $1s,531, las in
March last than in February, 1900
In the eastern states there was an in
crease OF 266 in the number of banks and
or Sels,S2l ,lSS In aggregate resources. The
Increase in capital and surplus was an
p-oximately, s131 10000, and in Individual
deposits s23l AZ, 116.
Increase in the South.
With le
states. there was a greater increase in the
humber of banks in the southern states
than In any other geographical division of
the country, namely 100. The increase In
resources was s253, 094, 551. The increase in
capital Qncluding surplus) and deposits
was, approximately, 100000 and $780,
UO,UO, respectively.
The number CT banks in the middle west
ern states increased from 1,u53 to 1566 or
Oh The increase in aggregate resources
was $SS6,36o.26l, in capital and surplus,
nearly S9O,OO0,OOOO. and In individual de-
pCsits, S265 GOO GOO approximately
In the western states there was an in
crease OF 3o2 In banks, s137, 1874. 275 in ag-
gregate resources, and over $7S,OOOOOO in
individual deposits.
In the Pacific States.
The greatest relative increase in resources
occurred in the division of the Pacific states
and territories, the amount in 1900 being
$122OOO,OOO. and in 1904 s237 COO coo, an in
crease of $115,GoO.0OO. or over "a per cent.
The individual deposits in banks in this di-
vision increased from $74OOOOOO to s14O.-
oVo,ooO, or, approximately, 90 per cent.
Comparisons for the period in question
cannot be made with respect to banks in
the island possessions. as there were no
banks in operation in the year 1900 Re-
Ports were received from three banks in
l'O4, two of which are located in Hawaii
and one in Porto Rico the aggregate cap
ital being s625,OOO, the deposits 81 O23 $50,
and the aggregate resources s., 407, S6I.