The Detroit times., 1908-12-10
BIG GAIN IN THE
DEPOSITS SHOWN
BY REPORT
CONTROLLER OF CURRENCY
SAYS 1924 NATIONAL BANKING
ASSOCIATIONS WERE IN oPER-
ALTON ON JULY is, 1908.

WASHINGTON, Dec. 10-The re-
port OF Lawrence o. Murray. comp
troller of the currency, which was SUD
mitted today, shows that on or ABOUT
June 80. 1908, the banks OF the coun-
try had ON hand $1,36S. 329.3S3, against
Is1.113,742,316 in 1907, a gain of $254,'
5S7. 367 during the year. About Two
thirds of the cash holdings or the
banks of the country Is in national
banks.
On June 80, 1907, individual deposits
in all reporting banks aggregated $lS''
oe9 635.34S. or $315,124,179 greater
than the amount reported for the cur
rent year.
During the four-year period enqed
lime 80. 1904. as heretofore shown,
there was an increase of $2.761, 100000
I'm individual deposits, or over 80 per
cent. and from 1904 to 1908 the IN
crease was approximately $2,7S4,00o.-
600. or about % per cent. the increase
since 1900. as before stated. being
over 76 per cent.
The stock OF money In the United
States on June 80. 1907. was $3,llo.-
COO 600. On July Of the present year
Iit was reported at $3,37S.S00,000 be-
ing an increase of $263,200.000. OF
the total stock OF money In the coun'
try. 1908 per cent Is held In the treas
urv as assets; 40.34 per cent ID In re-
porting banks, and 49.5S per cent else
where. the per capita not In the treas
ury or banks being $19.15. or Il cents
less than in 1907. The amount OF
money in circulation. exclusive OF coin
and other money in treasury assets,
| but including money In reporting
banks, is $3,03S, 000. 900, or per capita
OF s34.72 as against $32.22 In 1907.
Bank resources have more than
doubled since 1900. but during tho
current year there has been a decrease
OF about one-third of / per cent. The
resources OF all reporting banks on
June 80, 1908, aggregated $19,5S3.41O''
AGA: I'm 1907 the aggregate resources
were s19.645,015,950, loss OF SOL
e05.557 during the current year. III
1900 the bank resources OF the country
aggregated $9,146017.s17, the increase
since that date amounting to $lV,43f''
392,476, or ia per cent.
Number OF Banks.
There were in operation on July 10,
1908. 1924 national banking associa-
tions. with capital OF $919, 10o,S50. indi-
v,dual deposits of $4374, 1851 ,2eS. On
or about June 80, 1908, there were In
operation 1882 state, savings and
rrivate banks and loan and trust com
NAMES. reporting aggregate capital and
denosits OF 1898, 058, 1853 and sS,409,959,-
e61. respectively, and non-reporuns
hanks TO the number OF 1854, with can
.tal and deposits estimated at $I6,646,
600 and s4S5, 1885, 1871, respectively; or
a total of $4,000 banks and banking
institutions. with capital OF 81 ,S33 500,
903 and deposits of sl3 .270 500. 900.
Since 1900 the increase In the num-
her of banks has been 11,O23: capital
stock has increased In the sum OF
s6s3 orc .528 and individual deposits IS.
ss1 .513,550. In 1900 national banking
canital represented 81 per cent and
deposits 31.97 per cent OF the aggrt-
cate capital and deposits, respectively
of all reporting banking associations
The percentage OF capital Of national
banks to capital OF all banks In 1907
was 1886 and OF deposits to all de
posits 31.66; for the present year the
percentage OF capital Is 50.14 and OF
deposits 1927. During the period
from 1900 to 1908 the percentage OF
capital Of banks other than national
10 the capital of all banks has In
creased from as to 1886. and the per
centage OF individual deposits in such
banks has fallen from $500 10 sos.
In 1904 there was In operation In the
United States one bank for every g.
S97 inhabitants: In 1905 one for every
1882, In 1905 one for every 1856. In
1907 one for every 1896. and for the
present year one for every $500 In
habitants.
The banking power Of the United
States In 1908. as represented by cap
ital, surplus and other profits. deposits.
and circulation of national and other
reporting banks, together with esti-
mated amount OF funds OF this charac
ter in the non-reporting banks, Is