The Tupelo journal., 1904-12-16
ANNUAL REPORT
OF COMPTROLLER
High Finance Figures With No
Chadwickianism About Them.
NUMBER OF BANKS INCREASED
Figures Compiled From the Five
Reports Made to the COmptro1ler
During the Fiscal Year I'm
espOnse to Calls.

ond report of the comptroller OF the
currency has been sent to congress.
The report starts with a detailed
statement of the and liabili-
ties of the national banks, as shown
by the five reports of condition made
in response to the call of the comp
troller. In commenting on this state
ment, the comptroller says:
The number of reporting banks has
increased from 5,118 on November IL,
1903, to 5,412 on September 6, 1904,
and there has been a gradual increase
during the year in the aggregate re-
| sources of these associations from
| $6,310,4 29, 1861 on September 8, 1903,
to $6, 975, 0S6, 504.0 5, the increase being
| 1864, csc, 537.6S. With the exception OF
| the United States and other bonds on
deposit in the treasury department to
secure public deposits, and the hold
ings of silver and of legal tender, there
has beer an increase in every item of
resources, the principal increase be-
ing in loans and discounts, amounting
to $244, 104, 1914, or from $3,4S1, 446,-
| 772.04 to So, 1885, Isl ,419.48. The increase
in bonds on deposit to secure circula-
ton was $36, $3.50; other United
| States and miscellaneous bonds, ETC.,
$40, 295, 309. IS; and in holdings of spe-
| Gle, including coin certificates, $107,-
| 1872, 1879. The banks holdings of
specie and legal-tender notes on Sep
TENDER 9, 1903, were 1884 ,306, 026.94,
and on September 6, 1904, they were
1861, 456, 529.53.
The paid-in capital stock was grad
ually increased since September, 1903,
from $751; 22, 65S to $770,7 TT, 1854, or an
increase of SIT, O55, 1876. The surplus
and undivided profits aggregate $685.
1877, 047. "a, an increase of $26, 765 ,59S.O2
during the past year. The deposits Of
The banks-individual, government and
bank-amounting to nearly Is per cent
of the total liabilities, aggregated So
| l3G. 235, 940.31, a net increase during the
year of $597, 804, 693.93.
From a classification of the loans
and discounts, it is shown that nearly
90 per cent. of the total volume of
loans is uclu ny Tic DdlhS lOIdtSu III
the city of New York; over 20 per cent.
by the banks located in New York,
Chicago and St. Louis; about 81 per
| cent. by the banks located in the CEN
trail and other reserve cities, leaving
46 per cent. as the proportion of the
loans in banks located elsewhere than
in the reserve cities. In September,
1903, approximately Is percent. of the
loans was in the New York banks, 26
per cent. in the New York, Chicago
and st. Louis banks, nearly 50 per cent.
in all reserve city banks and 4S per
cent. in banks located elsewhere than
in reserve cities.
The character and amount of each
| class OF the banks loans in Septem-
Der, 1904, were as follows: Demand
paper. with one or more individual or
firm names. $279, 1886; time, single
name paper, s611 ,024, 1876; demand pa
| per, secured by bonds, stocks, etc,
$685. 37 ,913; time paper, secured by
| bonds. stocks, ETC.. 5000. 702, 946; time
paper, two or more individual or firm
names, 81 1876, 707, 069.