Albuquerque evening citizen. [volume] (Albuquerque, N.M.) 1905-1907, 1906-12-06
An Exhaustive But Somewhat MiStify-
ing Document of Many Figures Show
ing General Prosperity.
MONETARY AGGREGATES ARE TOO BIG TO Be GRASPED
Comptroller Rdgey FavOrS More Elastic System of Cur
renCy. as He Has Done Since 1902 and
Outlines His Plans.

ing notes outstanding, $517,964,511,
individual deposits. S4,199, 9,93S.310;
United States deposits and deposits
of United States disbursing officers,
S107 1881, ,S13
Since August 25, 1905, the date Of
the corresponding call, increases nave
occurred as follows: Loans and dis
counts. $3OO,474163; United states
bonds $77.S15,040; capital stock. $685.
196,567 surplus and other profits,
$50, Psi ,023: circulation outstandins,
4S,9S4,722; individual deposits. S379,-
256. 597. The amount of specie anu
legal tender notes held on September
4, 1906, was $39, 9,540,SS9 less than on
August 25, 1905, and the amount due
to other banks and bankers was less
to the extent of $35,S76,120 The a6-
stracts further show that from No
vember 8, 1905, there was a gradual
increase in the volume of loans from
$4,016, 6,735,497 to $4,29S, ,93S,316 on
September 4, 1906.
The total increase of deposits from
November 8, 1905, to September 4,
1906, was approximately s210, 400 900.
The ratio of capital to individual de-
posits in 1896 was as 81 to $2.46 in
1905, 81 to $4.7S; in 1906, 81 to $500,
and, including with capital, surplus
and other undivided profits, the
ratios were in 1896, l to S1.62; 1905,
81 to $3.50; 1906, 81 to S2.77. The
l proportion of capital TO aggregate
resources has gradually decreased
from 81 to $500 in 1896 to 81 to $3.50
/ In, Of
! legal tender notes to individual de
posits varied from 81 to S5.13 in 1896
to 81 to 1914 in 1905 and to 81 10
$6.71 in 1906
The average authorized capital OF
| the 6,225 national banks in operation
| October 81, 1906, was 135,S95 as
| against an average of $4,000 for the
| 3,617 banks in existence on March IA,
1900. This reduction Is the result OF
| the organization of 2,062 national
banks under authority of the act OF
/ March IA, 1900, the minimum CAPT
tai authorized being $4,000, but the
/ average was approximately $4,000
| The average capital of the 1895
banks organized under the act OF
/ 1864, but since March IA, 1900, was
/ $115.722, making an average for the
I 3,157 banks incorporated from March
IA. 1900, to October 81, 1906, of $57'
I 4S0
| Reliable authorities place the num-
| ber of banks and bankers in the
4 United States and island possessions,
/ exclusive of national banks, at 15,343.
I OF this number, reports pertaining to
11,S52 banks have been received and
I tabulated. being LILO more than in
! 1905. The aggregate resources of
these banks amount to S10,363 $50 ,S46,
being an increase of approximately
! S773, 100000 over the previous year.
{ The returns include 1852 commercial
I banks, ZAP loan and trust companies
and 1919 savings banks (of which
/ SIS were Of the mutual class-that is,
| without capital stock and 929 private
banks and bankers.
/ The capital stock of the state banks
is $421 ,S45,705; individual deposits,
| $2,741. .464,129: surplus and undivided
I profits, $251,114,S0S. The loans ag-
gregate $2,272, ,959,G44; investments
ia stocks, bonds and other securities,
! 412.966,794; scd total resources S3,-
I 677, ,050,3l7. The resources Of state
banks reporting in 1905 aggregate S3,-
/ l90,911,37S. thus showing a gain In
1 1906 of $4S6,f3S,939.