Gloucester County Democrat., 1908-12-31
NEW JERSEY BANK REPORT.
Commissioners Watkins Statement Shows
Saving Institutions of the State
IN Fine Shape.

Commissioners Watkins Statement Shows
Saving Institutions of the State
in Fine Shape.
The fine condition of the New Jersey
savings banks, trust companies and State
banks is shown by the quarterly state
ment just closed and mailed to-day to the
Comptroller of the Currency in Washing
ton, DC, by State Commissioner of Bank
ing and Insurance David 0. Watkins.
According to the report, the twenty-six
savings banks have $35, $50, 102 p in
vested in bonds and mortgages, compared
to the SIS, ,S29, ,05l19 invested in this
class. of security by the seventy five trust
companies. and the S55l ,2s0.l7 held by
the nineteen State banks.
The savings banks again take the lead
IN the possession of United States bonds,
of which they hold So, ,224, 700, compared
to the s., 600 held by the trust companies
and the 500, 900 held by the State banks.
The premiums on United States bonds is
a $31O, ,S25. SO asset of the savings banks,
and but $137 so of the trust companies.
The twenty-six savings banks almost
also hold all other bonds and stocks, the
aggregate being $53, ,354, ,ll6 Al; the sew
enty-fve trust companies hold $50, 49,,
1860, while the State banks hold 81,
5O4, ,S52. rs.
The conservative business done by the
savings banks is shown by the small
loans on collaterals, $3,2l7,6l070, as
against the following loans by the trust
companies:
Demand loans on collaterals $27, 26l 1912
Time loans on collaterals. 1874 S4S, 81
Loans to municipalities 4145, ,931 II
Notes and bills purchased 23, 400, ,sS7 50
The nineteen State banks have only
IS, IA 926 81 loaned on paper backed by
securities.
The savings banks have 81. .40l ,474 "a
Invested in banking house fxtsree, ana
S308, ,902 65. III real estate; as against the.
trust companies So, ,21s. 529. 75 for banking
house fixtures, and $s97. .265oS in real
estate; while the State banks have 1869,
205. % invested in banking house fixtures,
and but S2l ,255 so in real estate.
The savings banks have $400, ,597.l in
currency on hand the trust companies,
81, 19l, ,97l.72, and the State banks, $780,
234. SO. Other scattering assets make the
total resources of the twenty-six savings
banks $l00.626, 9S7. 30 the seventy-five
trust companies amount is $l83, 732, ,875.-
81, and the nineteen State banks, $l6,-
943,, ,,752 20.
On the liability side of the ledger the
report shows for the savings banks $92,
4S9, ,363.59 due depositors. S75O,00O in
capital stock, SIG, 545. "a in other liabili-
ties, and surplus of $7,2l9, ,126 II.
The liabilities Of the seventy-five trust
companies are: Capital stock, SIS, 245, 700;
surplus. ST., ,lO2, POI S6; undivided profits,
Sc, 399, ,495 s6;unpaid dividends, 81, 715.75;
time deposits, $62, 900, 956. rs; time certifi-
Gates of deposits, 81, 743. II; deposits pay
able on demand, S6S, $40, $40 81; demand
certificates of deposit, 81, 1854, ,243 81; GER
titled checks, 1927, ,447.5l outstanding
treasurer's checks, 1862, 1876; due to other
banks, $3.50, 5000; notes and bills re-
discounted, $4,000; bills payable, $780,
600 and 1881 200, and other liabilities,
$1,565, ,237.21.
The Liabilities Of the nineteen State
banks are Capital stock, 81, ,593, 759; sur
plus, 81. .070, 600; undivided profits, S521, :
1896; due to other banks, 1923, 939 SO !;
unpaid dividends, $69l 80; demand de-
posits, sl0,059, ,6s5. II individual time
deposits, $3.llo, ,345 IL /; demand certif-
Gates Of deposits. $3s, $50 II; time certifi-
Gates of deposit, $76, 29l ~ certified
checks $50, 0S3.62 notes and bills re-
discounted, 81, l57. u; bills payable, $l0,-
600, and other liabilities, 50, 149.