The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-09
ENORMOUS RICHES
IN SAFEST OF BANKS
Monetary Commission Makes
Public the TabuIated Results
of an investigation.
RESOURCES S21 100000
INSTITUTIONS REPORTING NUM-
Der NEARLY 10000.

Washington, Dec s-For the first
time in the history Of American bank
ing. statements have been obtained
showing in detail the condition Of
practically every banking institution in
the United States al a given hOuf- Inc
comptroller of the currency gers sucii
information periodically from the ma
tionaI hanks: the various state bank
ing COMM ssiOners get II from sJale
banks from. time to time. Such reports
come forth at Different ClHies ana un-
der different laws and forms. the
national monetary commission mas JUST
completed and made public today the
tabuIsted results Of an Investigation
of the condition Of the various classes
of incorporated banks throughout the
country, the reports being made in
variablv upon a uniform blank and al
as of the close Of business on April Is,
1909.
An enormous and exceedingly fmpor-
tant mass Of information has thus been
brought within the reach OF the finan-
cial world. and the report Issued to-
day affords material for unlimited
Total of s2f,1oo,ooo,0Oo.
The institutions reporting to the
commission include 6,S93 national
banks, 1913 state banks, 1.105 mutual
and stock savings banks. /, 497 private
banks and 1919 loan and trust COM
pauies The total resources OF all reach
the stuDendOus total Of S2l10e.VOOUOU.
A cursOry analysis Of the resources ana
liabilities show loans of $1l,313, 000Og0i
investments in bonds, etc. S4.614,00Or-
coo; due from banks, S2,662,0O9,0O
cash on hand, including SS09 100000 in
gold coin and certificates. 81 ,45z,0 OO.-
600; other resources, $l,Oy4OU0'OOV;
capital. 81. 500, 900 600; surplus and
81, asa 600 600; deposits, including gov
eminent deposits, S14,1G6 100000; other
| liabilities. SS7O,G0O,O 600.
OF the deposits. s6,956 ,00Q,090 are
subject to check S4.926,000,O00 are
saving deposits; s2,2Iz,vyU,VUv are On
time and Se25.O0O,O00 consist Of de-
mand certificates.
Millions of Depositors.
Following the special report from
/ the banks, supplementary inquiry
was made, covering 1925 institutions,
relating to the character OF deposits,
| depositOrs, interest paid, etc. Total de-
pOsits in these banks on or about June
] 80 We're S13,595, goo, 600, credited to
more than $4,000 600 depOsitOrs or de-
/ post accounts. ranging from 81 up
/ wards. Nearly 15,0GO,000 depOsitors
/ had savings or time accounts, and more
[ than $500, 600 of these were oeposltOrs
/ in savings banks.
/ The average rate of interest paid
] on savings accounts Is 500 per cent
and on other interest-bearing accounts
4 81
I Of the banks pay no interest on ordi-
nary deposits; more than 5000 banks
pay an interest on deposits of SO OF
less and 1900 on from S25 up to $500
/ The report shows many geographical
comparisons. The total bank resources
for the entire country average S2S7.2-
per capita The state Of New YOTl
leads with S676.07 per capita; Massa
chusetts comes second with $5l125
Nevada third. s512.72; California fourth
$4S6.70; Rhode Island, fifth, $45712.
New York Leads in Capital.
= New York leads in amount investel
] in banking capital, with more thai
e 1858, 600, 900: Pennsylvania comes mex
r. with S229,OO0, 600; Illinois third, S122,
. 10000; Ohio fourth, S101. 100000
Banks other than national have NOR
2 than So per cent of the aggregate re
sources Of all reporting; more than 6
3 per cent of individual deposits an
: more than 90 per cent Of the agrgegau
< 1o.ue OF the ss1rDlus and profits 3