New-York tribune., 1906-12-07
BANKS AND CURRENCY
Report of Controller
RidgeIy.
annual

washington, Dec 6.-T'he annual reuort of Will
iam b. hidgely, Controller OF the Currency, has
Oeeh prepared for transmission TO Congress The
report begins with a table giving detailed state
fnent or the resources and liabilities of all the na
uonal banks Of the United States as shown by the
nVe reports Of condition made in response TO the
call OF the Controller
mere mas been an increase IN banks from No
en.OeF 8 isOo' TO September 4, 1906. from $3.50 to
o'40f' ana loans and discounts representing over
90 per cent of the banks aggregate resources.
sleaniy increased from s0ls 1885, iS7 90 on November
3 lSS, 10 1898 sSS 3l5 II on September T. 1906 The
assregate resources were ssO16O21 Oss September
!. Over three-fourths OF the resources OF the
banks are IN loans. bonds securities ETC. and
lawful money, the loans amounting $429S9s SS16;
United States bonds deposit to secure circula-
uon' so24OSs.sSo government loans, s97171,5So and
helo IN bank, H5S8150; other bonds and securities
Sl24O,7b5; specie, s4eA4 290 legal tender notes.
slSl,66.ial The paidin capital stock IS shown to
De sSSOcS796; surplus $3.50 245 1S4: other undivided
profits. slSo.55sS57 circulating notes outstanding
964511 individual deposits 81 9SS $40; United
States deposits and deposits of United States dis
bursing officers. $107sSLsS. The total increase In
individual deposits from November g. 1906 10 Sep
tember 4, 1906 approximately s2lO.4OOOOO.
In the year ended March !. 1906, shareholders of
national banks received dividends to the amount OF
sSoS3l51 SITS. .544 PAT capital the average rate
being 1o4 per cent. the highest since 1870. Based
on capital and surplus. the ratio 6S per cent.
The net earnings s11S662629 or a5 per cent of
the combined capital and surplus The average
rate Of dividends paid by national banks annually
from 1870 70 1906 thrty-seven years, 842 per
cent The aggregate net earnings Of the banks
during the period in question S2S18 65S from
which dividends paid to the amount Of ST. 7S0-
n2g4 which is over three times the average an
nusl capital.
The banking power Of the United States in 1906.
as represented by capital, surplus, other profits,
deposits and circulation of national and other re-
porting banks, together with estimated amount OF
funds OF this character in non-reportng banks, is
shown 20 be Sic, ,462 47O.465 From the latest data
obtsinable the banking power Of the foreign cOun-
tries is estimated at $1,9626OO.Ooo Nrulhau esti-
mated the worlds banking power in 1890 at $685.
OooOoo the United States being credited with about
one-third Of that amount. Since that year the
banking power of the United States has increased
the OF Sl1 Sl2 100000 2l9 per cent;
that OF the foreign countries S1l17 10000 1Oo6
per cent and the combined banking power $2242S.-
100000 1903 per cent
Revised returns 10 Manager 6herer of the New
York Clearing House show that the amount of
exchanges OF the clearing houses of the United
States for tho year ended September so. 1908, was
H40S2 54 199 The aggregate clearings for the year
ended September 80 1906. S57,74932S918 a net
increase of Sl7lss747l4 The clearing house trans
OF the whole country in 1900 10 1885, inclu
sive, were follows