The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-13

of .anks chartered includes 1,457 banks
with CAPITAL of $315, 100. eS. which were
converted from state banks uhosr q.
thOrity of section 5l54 of the revised slat-
utcs. -
During the past twelve month 336 banks
with authorized capital OF s., sz'.VV, were
chartered of which ~194 with capital OF
Si973. 3D. We're organizations effected I'M
der the act Of March L. 1900. ana i5- WITH
capital Of 81, SO, 900, under the act OF 1905.
Information received for the current
year shows that there were in operation
II 81 banks other than national; Win ag-
gregate resources of Slu, SOY 345.ss3. ne
returns include II 30 commercial Danks:
l. 53 savings banks (of which 5I6 were OF
the mutual class e.. without capltai
stock, 1907 private banks, and S42 loan
and trust companies The capital STOCK
OF the commercial banks aggregates SSlz,-
5l3.S03 individual deposits, &S3i. S.oSe,
and resources. s4.0S3 .6Ss. 80: savings pans
reports TO the number of 1,453 show de-
posts aggregating IS. 419, sol, and re-
sources, IS, $50, 53S l52; the number of de-
pOsitOrs is S705.S 4S. the average deposlt
being $40. a. The S42 loan and trust
companies with capital Of SIS. itS, Ia.
show aggregate resources of 8, So, 6S2,St6
Reports were obtained from 1907 private
banks and bankers, with capital OF vi
l22,SS6 and aggregate resources OF $lol'
al. 4s0
Individual Deposits.
Combining July. 1905 returns from ma
of approximate dates. il Is shown that re-
turns were received from 2l,346 banks
with aggregate capital of N.Ioi ,3vo.Vgo
and aggregate resources OF SO, $50. 400, 600
The aggregate individual deposits are ST.
7S4, 90. 90. Banks other than national held
s. per cent Of individual deposits in all
banks and IS per cent of the aggregate
resources.
banks in 1900 aggregated $3.23S, 1856. $50; for
the current year deposits aggregate w.
7s4, 51l 169, increase of S5,J49, 524 3l9 with
in the past eight years, or over IS per
cent. on June 80. 1857. individual depos-
its in all reporting banks aggregated So
099 635. 3iS. or $3l5. l2f.i79 greater than the
amount reported for the current year
During the four-year period ended June
80 1904 as heretofore shown. there was
an increase Of 50. 761. 900 600 in individual de-
posits, or over 81 per cent. and from ly4
10 1905 the increase was approximately
s., 7S4. 00J, 900. or about % per cent, the in
crease since 1850. before stated, beng
over 76 per cent
In 1907 the percentage of cash holdings
Of all banks to individual deposits was
$50 per cent. On or about June 30 OF
The current year the banks of the country
held in their vaults 1910 per cent to meet
the demands of depositors. National banks
ings to Individual deposits from 1870 to
20 80: state banks from SIS to l0.0l; prl-
yate banks from $40 TO 6.7l: loan and trust
companies from 4.sS to 6.34, and savings
from nso 10 1--O pti I'm
Cash in Banks.
On or about June 80. 1908, the banks of
the country had on hand Sf.36S, 329. 6S;.
against Sl.1l3, $40 in 1897. a gain of s254,-
So 367 during the year. About twO-thirds
of the cash holdings. of the banks OF
the country is in national banks
The stock of money in the United States
on June 90. 1907. was s., i15.600.0 On July
| of the present year 1t was reported at
s.. 37S 500 600, being an increase of S263. 2l0.-
COO OF the total stock of money in the
country. zoos per cent is held in the treas
ury as assets: 40.34 per cent is in report
ing banks. and 1888 per cent elsewhere.
the per capita not in the treasury or banks
being Sl9.15, or q cents less than in 1907.
The amount of money In circulation, eX-
elusive of coin and other money In treas
ury as assets, but including money in re-
porting banks, Is SJ,O3S,U0000. or per
capita of SAT-, as against So. y in 1867
Bank. resources have more than doubled
since 1900. but during the current year
there has been a decrease of about one
third of J per cent. The resources of all
reporting banks on June 50. 1905, aggre-
gated $50. 5S3. 4lO, 1893: In 1900 the aggregate
resources were SO, 645, 015 $50. q loss of Sol,
605,S57 during the current year. In 1900
the hank resources of the country aggTe-
gated 81. ll6, Oh ,917. the increase since that
date amounting to SO 49,. S92, 476, or IA per
cent
Banks Other Than National.
Z
opei alton on July Is. 1908. 6,S24 national
banking associations, with capital OF
1913 1e0. SO individual deposits of 1854 sol :
9S On or about June 10. lyoS. there were
in operation 14522 state, savings and Prt-
vate banks and loan and trust companies,
reporting aggregate capital and deposits
of $685. G5S 35S and S. 400 959. 96l. respectively
and non-reporting banks to the number OF
1864, with capital and deposits estimated
at S76.G46O 600 and SIS. 9SS. 81, respectively;
or a total of 25,O0o banks and banking in
situations with capital of 81 ,SSS. So, 203 and
deposits of Sl3, go. 100000.
Since 1900 the increase in the number
of banks has been II .023; capital stock has
increased in the sum of $685., Vl652S, and
Individual deposits 800, ola. $50. In 1890 ma
tiOnal banking capital represented "a pei
cent and deposits 3l.97 per cent of the ag-
gregate capital and deposits, respectively
of all reporting banking associations. The
percentage of capital of national banks tC
capital of all banks in 1907 was 40 SO and OF
deposits TO all deposits 81 IS; for the pres
ent year the percentage of capital is sol
and of deposits 32I. During the period
from 1900 to 1903 the percentage of capital
of banks other than national to the capt
tai of all banks has increased from 1,
deposits in such banks has fallen from
6S.03 to sos. In 1904 there was in opera
/ ton in the United States one bank fol-
every 1897 inhabitants: in 1905 one fol
every ASP: in 1906 one for every 1856; Il
/ 1907 one for every 1856, and for the pres
/ ent year one for every $500 Inhabitants.
Banking Power of United States.
! The banking power of the United State:
| in 1908. as represented by capital, surplu!
| and other profits, deposits and circula
ton OF national and other reporting banks
/ together with estimated amount of fund