Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-08
BANKS AND PROSPERITY
FINANCIAL CONDITION RE-
ELECTED IN REPORT.
Total Resources Over Twenty One
Billions and Thirteen Thousand
Millions on Deposit.

If banking statistics are a true index
to economic conditions. the people of the
United States are enjoying a greater
measure of prosperity than ever before.
In an investigation recently completed by
the national monetary commission is
set forth data designed to throw light
upon the monetary situation which will
be of the greatest interest to bankers
and f1nanciers. The document in ques-
ton contains a compilation of the special
reports of conditions which were OBJ
tanned from the banks during the past
summer
The reports were designed to exhibit
the exact condition of the banks. as
shown by their books at the close OF
business April %, 1909. and they present
in detail every item of resources aid liza
b1lltieS pertinent to the subject under in
yeStgation.
Practically every Incorporated bank il
the United States furnished report for
this investigation, and reports from d
larger percentage of private banking con-
Germs than ever before made public were
placed at the disposal of the commission
For the first time in the history OF
banking in the United States it has been
possible as a result of this inquiry made
by the commission to present data uni
form in character and date from all N
situations engaged in banking through
out the country. The compilation thus
comprises the most complete and com
prehensive information relating to banks
of the United States ever yet printed
The banks reporting for this inveStiga
ton include 6,S93 national, 11,319 state
LOB mutual and stock savings. 1.497 pri-
vate and 1,0I9 loan and trust companies
The total resources of all these banks
reach approximately oil billion dollars.
Stupendous Figures.
A brief analysis of the resources and
liabilities shows loans Of 1873 million
dollars: investments in bonds. etc, 4,61+
millions; due from banks, 2,562 millions
cash on hand, including 800 millions in
gold coin and certificates, amounts tC
1,452 million dollars; other resources,
LOLA millions; capital. 1,So0 millions; sur
plus and profits, 1,S35 millions; due tC
banks, 2.4S4 millions; deposits, IA, LOG mil
lions Gncluding government deposits)
other liabilities. $40 millions
OF the deposits. 1856 millions are sub
ject to check, 1926 millions are savings
deposit, 1,212 millions on time and
625 millions consist of demand certificates
Following the special reports from the
banks, supplementary inquiry relating
to character of deposits, depositors, In
terest paid, etc, was made by the com
mission to which Is, 2i5 banks responded
The total deposits in these banks on OF
about June 30, 1909, were 1885 million
dollars. credited to over % million de-
positors deposit accounts. ranging
from 81 upward. Nearly II million de-
positors had savings or time accounts
of which over 100000 were depositors in
savings banks.
The average rate of interest paid or
savings accounts by the banks is 3.ot
per cent and 80 per cent on other in
terest-bearing accounts; over 80 per cent
interest
deposits; over 5000 banks pay interest
on a deposit of SO or less and about
200 on sums ranging from $50 up to
$500