The Cairo bulletin., 1908-12-11
BANKING POWER
OF UNITED STATES
NOW EXCEEDS THAT or ENTIRE
VOID IN 1900 SAYS COMP
TRoLLER or CURRENCY
OVER II I-2 BILLIONS
Individual Eeposjts Over 4ta Billions
Since 1900 Number Of
Banks Increased H.
023--Faiures

Washington. Dec 1o-The annual
tnral report Of Hon Lawrence g
Murray comptrol&r Of cur qiey
made to congress on Decenbar T.
includes statistical AMI general ii.
formation in relation to the eor.fitioi
lof national and other banks at dale
!of latest returns, the figures relating
| to national banks being taken from
trcp0rts to the comptroller or the cur
Irency under date Ct September 90.
| 1905 when there We're IN Operations
lG,S35 associations, with paid in capi-
tai stock Of 1921 .4G3I72, circu'a.iag
notes outstanding $613.T26.155 ami
individual deposits OF $i.54S.135, l65.
Leans and disecun.s amounted 10
tSl,750.G12 1911. and the banks he'd
I'm tfeir vaults gold and silver to ths
| la@ unt OF $GSo,fS5.555 and legal
tender notes, SlSS,29S 5l5. TIE ag.
greeate resources of the ganks on
the date in question were $a027. ECO
4Si In addition to the paid in caps
tai stock Of the national banks Is the
stockholders liabiItg amounting to
$92l ,4G3.172 The sudplus az tie
banks is s5G5 56G .207, aud their en-
divided profits $202. l99,s0l THIS
the capital stockholders ia9ili
surplus and other profits aygegat
S2.610.592,352. or over On ,fcuit4 t{
the total liabilities of the banks. Il
ts estimated that there are abclt
fg6 900 shareholders in national
bank and that the. affairs Of the az.
sociations are managed By APPROX
Imately $4,000 directors The comI.
,trollen estimates tho numbeF Al sle.
'pcsitors In national banks al flye anf
one.half millions.
Increase in Seven Years.
Since 1900 the increase in the nun.
Der Of banks has been II023: eapitaI
stock has increased In the sum al
sGS3,076,52S and individual deposits
s5,ESl513,550. In 1909 national Rant
spectively OF all reporting banking
Inc capital represented 81 per cent
and deposits 81 81 per cent of the aa.
gregate capital and deposits. re
associations The percentage of cap.
.al Of national banks to capital of an
banks IN 1907 was 1856 and Of do
posits 10 all deposits 31.GG: for ia
present year the percentage of cart
tai is 501i and of deposits 32.97 Dur
Ing the Period from 1900 to 1908 the
percentage OF capital OF banks cthe.
than national to the capital Of All
banks has increased frum 4G 10 49 SO
an the percentage of individual de-
losits in such banks has fallen from
$500 TO G703. IN 1904 there was in
operation in the United States oae
bank for every 1897 inhabitants: in
1905 one for every 4fs2, In 1906 one
.or every 1885, in 1897 one for evers
'595, and for the present year on.
or every $500 inhabitants.
v. S. Banking Power.
The banking power of the United
'totas in 1898, as represented by
apitaL surplus and other profits. de-
Iosits AMI circulation OF nato.a
nd other reporting banas. together
With estimated amount of funds OF
bis character in the nonreuortinp
arks, is shown to be- slTG425I5.27t
M amount exceeding the words
'aukine power 10 1890 From the
aftst and most reliable data obtain.
fi, the hauhiH- power of f.r.ien
o1Htriss IS estimated az S-sIt5G1b.
$50. - .. ,'.'... .'"' N
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