New-York tribune., 1908-01-02
SUPT. WILLIAMSS
REPORT ON BANKS.
FINANCIAL STU Il ITO n
FULLY REVIEWED.
Urges Reforms in Reserves, Loans,
the Invasion Of Fields and
Taluing Securities.

Clark Williams Superintendent OF Banks SUP
u,itted his annual report TO the Legislature yes'
dav The principal points embodied in the report d
herewith presented. those most interesting pel'ie
such as deal with the happenings since the close
OF the fiscal year on September 80, TO the pelioN
preceding which date the report is usuahy re-
stricted. Superintendent Williams writes:
The financial disturbance anG 'ns Subject to
the s,pervision of the Banking .I,,tv 70
so ,ch 5In Nave Occurred since the close
of the fisca! year and to Suggest
The fiscal wear was marked by no occurTepices I in
sei @ its material eject upon the banking IN
stitations of the state. no failure was recorueo @
THE STATE DISCOUNT BANhS-
I1,a,,7. III large number of certificates to in
afe An s1ch banks flea during the ase th
fiscal year ,Iti,eizations IheTf issued was thirteen
The number discontinngllnI6g I'M I6 ouSliies' was
as be to7l number state banks 900 on sPtemfTr
- Co. r VI bese banks had lO2 branches, an increase
of eleven branches during the year. =, ,,o-.od on
One hundred nine1yeight banks & rePorfea banRs ks
for the year amounted TO $i$S5ooo-
THE NATIONAL BANKS
-,. total number of national hanks in the state
of New York on sepemneT 81 were authorized
1ySe 1 vear az and FIVE sought voluntary dissolu-
tiqT or the summaries Of reports Of Of nat6nal al
hanks in New York of September "a lso. . anu ''
OF August 90. 1907. the following items aie on-
-, s,4s.lGS,soo 1ses 90 slssios. lSs; 600 co
sas and divided Fo' @ u 2Ss 2S g g
The s,lrrlus and undivided profits of these baIks M
% heir capital is as 112 100 slight loss loI @ ue
;iS % nrofits 10 canital are 127 to 100. also
THE TRUST COMPANIES
Tho ,r,st companies of the state numbered
eiahty-eight on September So net increase OF '"o
' % g following items are from the reports ports. Of a tr 1sa
companies as Of August 6. 1906 and August =, l'''
,---,~ a. cornranies reporting - rec &c, GO
sI1as 1i and undivided rTets 1884 7ss
t65k value Of stocks and bonds leSi2'-o4S
slgs ana .g5s g8diy5ae5 af ,55e 3TSi's ana 6a
Ban5s II $50 $50 sss IA! Sss
Sss ss a .5s 81 s4s So as as 1ssssS5 sS5. iss
The ratio f book surplus SrS to SRitsl s to- aeersTs co to
tween the @ dates s(a[sa of market Value surplus from
5S sS. ;s'i 10 -ilS 20 '5S to 5isi s9'i' to 100
SAFE DEPOSIT COMPANIES
--. -o-a1 number Of safe deposit companies ,1 IN
,eiTess on september 90 was forty WIN ms COM com
bined capital cf S5sS- se rdnnaqion is within Ger
paS ifeg ~ limits are vested by statute win f Satf
deposit company powers and privileges
Of those companies exercise
MORTGAGE COMPANIES.
There Is at present no foreign Iete
Tine domestic mortgage loan and nTesTTte s nroI
cornnsnies have been organized uIaer tie p'N
sons OF Article Of the banking aM.,,rizad 10 do
00si'ieSs THE SAVINGS BANKS
-r-o savings banks OF the state now number LOO
bor-Zed during lle AStdl
rz savings banks required 10 r,-y,arv
only seni-annuay as OF the mo- iheir transac-
and Jalv !. that data GOVERNS 1a5- ave not
-i6rs for the entire calendar year OF I''' "4' -
a-TlL@oas - bo,ing the aggregate deposits and VIII .
draWais for each Of the years fhoeu 'uiS = avn
fe5 1906 and 1867 are appendeo' r.ss ot
a1E3laSrn alr3Cg deposited witldraI w Tsis Is
Io9a seg7 4s7 as Sl23 0s,2 -! 80 7'261 993 6i
3i371i472 % 3e5 2l3 466 "a 42'.sI e! So 81 -
77a 623i Is :94 s les 90 - g 81 TX f6
12g2 3S9. sos $50 90 3's. .1'V. 4Vl W. @ -,-, Ig,-
SAVINGS AND LOAN ASSOCIATIONS
--e abuses which at time chaIacteIlz;ed e,'e
-,,z-ro5S conduct OF some OF ines
- teaT almost wholly stamped out dHC .;I.t.
- interest in savings and loan assoc : tIDtls
aneTI liz are being gradually restor+i IN "a raazing
= tsociaTiors are prospeTing. ana ar 10
F5--o-al,ls results their members. =; tLe
-,---,tar Of savings and loan associations III ''-
e+s.e on September 80, 1907. was 2o2
TOTAL RESOURCES
-t --r resources Of each Of the seNeraI CIassS 81
- =,5-1tions subject the SUPERVISION oi t,le
S5,.ar5ur erdenr 4 Banks. as ItPoI 80 - e[ou-c-
s1tutions upon the dates sti'e- W. 90
Banks of deposit and discount August s,41 oo4 $40
1885, / .490. T6si 6I5
savings banks, Jaly 4 -. 70 i,sg- 1853, ,9d6 l43
Trust cllIanies Au--s' f.07 .... S,609,s0
Foreign mortgage companies ~ ~'airlz.s - 1t52, 225
Domestic mortgage companies Ian1a'S 6.711e9s
1874 I-,. igi7... 1922
Building and loan associations January l. a47es77
Fsgi,a.ng Iot associations. January J. i''' '''''
~ s. 45s. .577
-ar ... s736s.555