The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-13
ANNUAL REPORT
OF COMP TROLLER
Condition of National and Other
Banks at Date of the Lat
est Returns.
CIRCULATION OF THE BANKS
DEPOSITS, EARNINGS, DIVIDENDS
AND RECEIVERS APPOINTED. .

The annual report of Hon. Law
renee o. Murray. comptroller OF
the currency. made 70 con-
gress on Dec. Z. includes statistical and
general information in relation 10 the
condition of national and other banks AT
da e OF latest returns, the figures reldt-
ing 10 national banks being taken from
rcDorts to the comptroller OF the cur
rency under date Of Sept g. 1893. Wheh
there wer,- in operation 6,s95 ass0cia A., LOIS ms
with paid in capital stock OF 81: +e 20, .,
circulating notes outstanding Sbl3, -lo0
and individual deposits al A.9b. LOO. 100.
Leans and discounts amounted 10 -, t5l,-
81 81 IL and the banks held IN their
vaults gold and silver to the amount oil
$3.50 IS5 5g55 and legal tender notes, SloS,-
Is 5lb The aggregate resources OF the
banks on the date in question were S9o-''-
se64sl In addition 10 the paid in capital
stock Of national banks Is the stoekhold-
ers' liability, amounting 10 S9zl 4o-i.l. -:
The surplus OF the banks is S559065,20t,
and their undivided Profits $a2GN. sol
Thus the capital. stockholders LIABILITY,
surplus and other profits. aggregate x
80. 500 352. or over one-fourth of the total
liabilities OF the banks. 1t is estimated
that there are about 100000 shareholders
IN national banks. and that the affairs or
the associations are managed by approx
imately $500 directors The comptroller
estimates the number q depositors n ma
tiOnal banks at five and one-half mil
lions
Capital Stock of National Banks.
The authorized capital stock of the ma
tOnal banks on Oct. 81. l90s. amounted 10
S9ta214.7I5, since which date there has
been an addition of So. S23. go from banks
organized during the year and Sl60SO.0Jo
from increases @ capital OF pre-eXisting
banks. The losses We're as follows: BY
voluntary liquidation. Sll.0ao.O00: by eX
p;ratiOn of charters. Sl.Sl5.oo0; by failures.
ss.5f0.G0O: by reductions OF capitalization
of old banks. Sl.l42,Jo0. These changes
show an apparent increase of capital dur
ing the year OF 81 .e9O. $50 but this amount
Includes the capital OF a number OF as
Sociations closed voluntarily or other
wise the stock accounts of which have
not been closed on the books of this Of
flee. the amount so represented being ~
100.
There are SEQ national banks. with
capital OF $25.0e0 each; 2i16. with capital
Of over $4,000 TO $4,000. inclusive. l.623
with capital Of over $4,000 to Sl90.099. in
elusive; 757 over $4,000 TO $3.50, 600; IA over
$1,000 TO N.00.O01; 60 over N,O000o0 10 So
'ss.@s'. and six with capital Of over So
oo0.go1
Bank Circulation.
From the date OF. the first issue OF ma
tional bank circulation. Dec. n 1865, TO
Oct. 81. 1878. notes We're issued TO the
amount Of s4.172.6l49 of which $780,
7s1.a5S have been redeemed. leaving out
standing S665.Si4.9SI. In the year just
closed the issues amounted 10 S36I,011. 40.
All amount exceeding by SlS0.SsS- 005- the
sum issued during the year ended Oct.
In March 1900 circulating notes out
standing. based on bonds deposited with
the treasurer of the United States in
trust represented s. per cent Of the max
imum iSsuable. while on Oct. 81. 1908. the
amount issued was nearly 70'per cent OF
the maximum.
Consolidating the reports OF earnings
aud dividends for the year ended July J.
Of $685.. 332.ol9 and $54S.S50,416. respectively
the gross earnings are shown 10 be S3S2.-
Al Gl2: losses. etc. charged off. J0.56S, 265,
and expenses and taxes paid. $3.50, sol. 90
leaving net earnings of N31. 335. 2SS. The
aggregate amount of dividends paid dur
Ing the period was S9i,336.2S2. an average
of 1915 per cent.
The direct money receipts from national
banks by the government of the United
States are represented by the taxes paid
on capital 10 June /, 1883 and under the
war revenue act of 1888. on deposits 10
June I, 1889 and on circulating notes 20
June %. 1908. exclusive of interest paid on
public deposits under the act Of May 50
1908. In addition to the foregoing, the
banks have been assessed for the cost OF
redemption of circulating notes, plates
from which circulating notes are printed
and examination fees. The taxes paid
aggregate SlSoiI2. l55. "a. The expenses Of
the currency bureau. including amount
appropriated and all other expenses es-
timated. from 1868 to date. is stated at ST.
SS4.557. 20. This shows that the banks have
paid TO the government over and above
the cost Of the operation OF the currency
bureau. Sl57.5S7. 59S. 49,
Charters Issued.
During the existence of the system
national banking associations to tn,
number Of 9.263. have been chartered. %
which 6.S13 are in existence. $50 having
been closed. OF which 80 were placed il
voluntary liquidation. Ia closed by eX-
Diration of corporate existence. and Az
terminated by insolvency The number