Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-12-09
BILLIONS HELD
IN NATIONS
BANKS
RESOURCES S237.24 PER
CAPITA OF POPULATION
Stupendous Showing Set Forth
in Report of National None
tary Commission; New Eng
land Leads Country in Wealth

TBy Morning Journal Special Leased Wire
Washington, Dec. S.-With tota
of $450.19 per capita o
population, the banking institutions o
the eastern or middle Atlantic states
lead the country.
The New England states comes mex
with $433.60 per capita; the Pacific
states are third with $347.7S; the mid
the FAR western states fifth with
$1G1.35; the southern sixth Will
$71.19, and the island possessions tai.
off with s5.22 per capita.
The United States as Il whole shows
banking per capita of $237.-
"a, with the island possessions in
Guided, the rate is lowered to $2f5.37.
These comparisons form a feature
of a remarkable report issued today
by the national monetary commission
giving the results of an inquiry which
not only overs substantially every
Incorporated bank of any character in
the United States. but, for the first
time In the history of American bank.
ing, presented statements tabulated
showing the conditions of ali banks
throughout the country n given
hour, namely, the close of April IS.
1908.
Massachusetts leads the New Eng
land states with total banking re-
sources per capita of ~S517.25; in order
following come Rhode Island, $457.-
IL; Connecticut, $400.4S; New Hamp-
shire, ~$2SS.30; Vermont, s28S.14;
Maine, $26s.60.
New Yorw with $676.07 leads the
so-called eastern states, followed in
order by Pennsylvania with s303.55i
District of Columbia, $269.96: Mary
land, ~$233.34; New Jersey, $232.79;
Delaware. S204.4e.
West Virginia leads the southern
list with a %percapita of $112.66; Lon.
isiana follows with $96.61; then in or
der come Texas, $9O.67; Virginia,
$Ss,61; Kentucky, $S6.66; Florida.
$S6.54; Tennessee, STAG; Georgia,
$64.2S; South Carolina, $52.S4; North
Carolina and Alabama each, S45.i1;
Mississippi, $45.33; Arkansas. $41.14.
az AibhA NtEtflA 6IoDp 4
thus: Illinois, $240.39; Missouri. Sells
so; Iowa, S214.7S; Ohio, $2O3.65; Min
n%esota, %s160.95; Michigan. $153.26;
Wisconsin, $129,53; Indiana, $126.9S.
Colorado with $250.65 leads the
western states; Nebraska has $214.92;
Montana, $207.71: wyoming, $207.25;
South Dakota, ~$1S2.75; North Dakota,
1882; Kansas. "$137.75; New Mex
leo. $l0O.03; Oklahoma, $94.26.
The Pacific group is led by Nevada
with a per capita of $512.73; then fol-
low California with $4S6.70; Wash
ington, $296.23; oregon, $225.52;
Utah, $1S7.76; Idaho. $17S.S2; Ari-
iona, $l35.29; Alaska, $4,000.
Hawaii shows a per capita of
s7l.99; Porto Rico, $11.29; the Phil
ippines, $40.
An enormous and exceedingly inn
portant mass of information has thus
been brought within the reach of the
financial world and the report issued
today affords material for unlimited
study. The institutions reporting to
the commission include s. 500 nation
al banks, 1913 state banks, 1,703
mutual and stock savings banks, 1,497
private banks and 1919 loan and
trust companies. The total resources
OF all report the s%tupendous total of
$2l, 100, 600, 900. A cursory analysis
OF the and liabilities show
ioans of $11,373,00 900; investments
IN bonds. etc, S4,614.0 00, 600: due
from banks, $2,562, OOO, 900: cash on
hand t%including $500. 600, 600 i'm gold
com and c~ertfficates). S1,i32.000 900:
other resources. 1904 900, 900; capt.
taI. $500, 600, O00; surplus and prof
IT'S, $685. coo, goo; due to banks. /
S2'4S4,000, 600; deposits Gncluding
government deposits), $14.10G, 000,-
wv other liabilities. $S7O.000.0 600.
vi the deposits $6,956, 900, 900 are
subject to check; $4.926. 00O. 900 are
savings deposits; $1.212. 000. 600 are on
tme and $625.000,O 600 consist of de-
mand certificates.
Following the special report from
1he banks, a supplementary inquiry
was made covering 1926 institutions,
.'htng to the character of deposits,
u'positors. interest paid, etc. Total
deposits in these banks on or about
80 were 1885, 600, 600. cred
i.eu TO over twenty-five million depos-
seo's or deposit accounts. ranging
rom 81 upwards. Nearly $1,000 600 /
uepositors had savings or time ac-
cunts, n ver $500, 000 Of these
"'posltors in savings banks.
ne average rate Of interest paid on
sa'ihgs accounts is 3.55 per cent and
On other interest bearing accounts $40
per cent. over 40 per cent of the
As pay no interest on ordinary de-
rts' ore than 5000 banks pay
Interest on deposits OF s25 or less and
=, Ice on sums ranging from s25
NJ TO $500.
ne report shows many geograph-
comparisons. The total bank re-
rees Tor the entire country aver
'-S'14 per capita. The state Of,
~ York leads with ss7G.07 perl
massachusetts ome second
EAAn All- * N.~-.I- -