Albuquerque citizen. [volume] (Albuquerque, N.M.) 1907-1909, 1908-12-10
UNITED STATES BANKS
HAVE CONTROLLING
POWER
Annual Report OF Comptroller
Shows They Have Nearly
One. Half Of Worlds
Wealth.
ENORMOUS GAINS
| IN PAST Ten YEARS
While Foreign Banks Have Galn
ed 1856 Percent. the Banks OF
the United States Show
Record Gain OF
| 242 Percent.

washington, Dec. 10.-The annual
report of Lawrence o. Murray, comp
troller of the currency. made public
today, shows that there are 1,S26 ma
tional banks, with capital of S25 1000
each; 2,116, with capital of over $25,-
600 to $4,000 inclusive; 1898, with
capital of over $4,000 to $4,000
inclusive; 757 over 100000 to $3.50
900: 476 over $25O,000 to $1,000, 900;
50 over $1,000, 900 to $5,000,0O0, and
| with capital of over s5.000,00O.
From the date of the first issue of
national bank circulation, December
| 81, 1863, to October 81. 1908, notes
1 were issued to the amount of Safe,
| 614.945, of which $3,506, ,769,5eS have
| been redeemed, leaving outstanding
| $665,S449S7. In the year just closed
| the issues amounted to 1857, ,017,74O,
an amount exceeding by $13O,S92,OOO
| the sum issued during the year ended
october 81, 1907.
During the past twelve months 326
banks, authorized capital of $22,S2S,-
coo, were chartered, of which 1874.
with capital of $4,973, 900, were or
ganizations effected under the act of
i March IA. 1900, and 1872 with capital
Of $17,S5O, 900, under the act of 1854
Information received for the cur
; rent year shows that there were In
J operation 14,522 banks other thar
national, with aggregate resources OF
slO,S6s,345,9s3. The returns include
11,2OO commercial banks, 1453 saw
ings banks (of which 676 were of the
mutual class e., without capital
stock), 1907 private banks, and S4i
! lean and trust companies. The cap
litar stock of the commercial banks
aggregates s502s513.303, individual
deposits, $2,937 7.129.59S, and resourc
es. S4,O32,63S,4S5 Savings bank re
! ports to the number of 1.453 SHOW
deposits aggregating $3,479,192,S91
: and resources, $3,S09, ,5S3,152; tn
, number of deposits is S,705,S4S, tn
| average deposit being s42047. Tn
S42 loan and trust companies. witt
| capital of $27S,40S 759, show aggre
gate resources of $2,s65, ,632,s76. Re
4 ports were obtained from 1907 pri
| vate banks and bankers, with capita
: Of s2l.122 S36 and aggregate resourc
= es of $161, ,541 $50.
+ on or about June SO.19OS. tn
: banks of the country had on han
3S63296S3 against $1,113,742,31
in 1907, a gain of 1854. 4.5S7,367 durin
the year. About two-thirds of tn
cash holdings of the banks of tn
country is in national banks.
T The stock of money I'm the Unite
states on June 80. 1907, was $3.115
' 500. 900. on July i Of the preseI
=, year it was reported at $S,37S,SOO
:" O0A. being an increase of s263 200
900. OF the total stock OF money
the country, 1908 per cent is held
= the treasury as assets; 40S4 per Gel
In reporting banks. and 49.5S p
=, cent elsewhere. the per capita not
~ the treasury or banks being $19.1
- or 21 cents less than in 1907. tt
amount OF money I'm circulation e
: elusive of coin and other money
, treasury as assets, but includiI
- money in reporting banks. is s3.oSs
% 600 600. or a per capita OF s34.f2
sa against $32.22 In 1907.
nc The banking power of the Unit
u. states in 1908. as represented by ca
ny ital surplus and other profits. d
- posits, and circulation of national a.
other reporting banks. together WI
estimated amount of funds Of u
character in the nonreporting banl
'le t. shown 10 be $17,642 705,274,
- amount exceeding the worlds ban
o'h ing power in 1890 From the lat
iis and most reliable data obtainable
banking power of foreign countr
eu is estimated at S2S,107 500. 900. 7
sI worlds banking power is 1890.
nc cording to Mulhall. was 1885 90
'A' 600. the United States being credit
re- with S5.15OOOO. 900 of this amou
10 Since that year the banking power
oi the United States has increased
the extent Of s12 492 700, 900 or o.
e42 per cent: that of foreign bank
=, power s29,765 100000 or 1S6 :
- ~, cent. The aggregate banking pov
80. of the world Is estimated at $45,75
,irt 200, 900.