Los Angeles herald., 1909-12-09
BANKS
BREAK RECORDS
MONETARY COMMISSION IS
SUES ITS REPORT
REMARKABLE DATA GIVEN OUT
BY sTATisTIcIANs
Mdatantic States Show Per Capita
Deposits of $45o.19, and Far West
ern of $161.35, According
to the Experts
IAssociated Pressl

WASHINGTON, Dec. 8.-With total
resources Of $450.19 per capita of popu-
lation, banking institutions Of the east
ern or middle Atlantic states lead the
country.
The New England states come next,
with $433.60 per capita; the Pacific
states are third with $347.78; the mid
die western states fourth, with Sl9O.64;
the far western fifth, with $161.35; the
southern sixth, with $7119, and the
island possessions tail off with $5.22 per
capita.
The United States as a whole shows
banking resources per capita of $237.24.
With island possessions included the
rate is lowered to $2l5.37.
These comparisons form a feature OF
the national monetary commission,
giving results of an inquiry which not
only covers substantially every incor-
porated bank of any character in the
United States, but, for the first time
in the history of American banking,
presents statements tabulated showing
the condition of all banks throughout
the country at given hour-namely,
the close of business on April zS, 1909.
Massachusetts leads the New England
states with total banking resources per
capita of $517.2j. In order following
comes Rhode Island, $45712; Connecti-
IT,,
Vermont, $2S314; Maine, $26S.6O.
New York Next
New York, with its $676.07, leads the
so-called eastern states, followed in or
der by Pennsylvania with $3O3.55; Dis
trict of Columbia, $269.96; Maryland,
$233 "a; New Jersey, $23279; Delaware
$204.49.
West Virginia heads the southern
list with a per capita of $112.66; Louisi-
ana follows with $9661. Then in order
comes Texas, $90.67; Virginia, SS86l;
Kentucky, sS666; Florida, $S6.54; Ten
nessee, S76.46: Georgia, S6423; South
Carolina. $52.S4; North Carolina and
Alabama. each $45.41; Mississippi,
1853; Arkansas, $41.14.
The middle western group rank thus
Illinois. S24O. 80: Missouri, S215,50; Iowa,
$214.7S; Ohio, $203 65 Minnesota, $l6O95
Michigan, $153.26; Wisconsin, $1295S;
Indiana, S126.9S.
Colorado with $25065 leads the west
crn state list. Nebraka has S2l492;
Montana. S2077f; Wyoming, $2O725;
South Dakota. $1S2.75; North Dakota
$153.32; Kansas. $13E5O; New Mexico.
$1OO03 Oklahoma, S9426.
The Pacific group is led by Nevada
with a per capita of $517.73. Then fol-
low California with S3S6.40; Washing
ton, 1896 90; Oregon, S22552 Utah,
siS776 Idaho, $17S.S2; Arizona s18529;
Alaska, S100,07.
Hawaii shows a per capita of s71.99;
Porto Rico, S11.24; the Philippines, $27O.
Remarkable Report
For the first time in the history of
American banking, statements nave
been obtained showing in detail the
condition of practically every banking
institution in the United states at
given hour. The comptroller OF the cur
fency gets such information periodically
from the national banks, the various
state banking commissioners get 1t
from state banks from time to time.
Such reports come forth at different
times and under different laws and
forms.
The national monetary commission
has just completed and made pubic
today the tabulated results of an in
vestigation of the condition of the VaIl-
GUS classes incorporated banks through
out the country, the reports being
made invariably upon uniform blank
and all as of the close of business on
April 2S, 1909.
An enormous and exceedingly impor-
tant mass of information has thus been
brought within the reach of the tinan-
cial world, and the report issued today
n ffords material for unlimited study.
The institutions reporting to the com
mission include 6S93 national banks,
II ,319 state banks, 1903 mutual and
stock savings banks, 1897 private banks
and 1879 loan and trust companies. the
total resources of all reach the stu
total of $21 100 100000.
cursory Analysis
A cursory analysis of the resources
and limitations show loans of $11,313,-
GOO 600; investments in bonds, etc, $4,-
GA 900. 0O0 due from banks, $2,562,OOO,-
600: cash on hand Gncluding $SO9O00,-
600 in gold coin and certifcates), ST.
432 coo, 900: other resources, $1,O94 O00,-
600: capital, $1.S00,000000; surplus and
profits, 81, ,S35, 100000; due to banks, 81
ASA, 0OO0 600; deposits Gncluding govern
ment deposits), $14106,000 600; other la
bilities, $3.50 600, 900.
OF the deposits $6956, 100000 are yJb-
iect to check; $4 926 100000 are savings
deposits; S1,212 100000 are on time, ana
S625 600 900 consist of demand certiti-
Gates.
Following the special reports from
the banks a supplementary inquiry was
made covering 1S,245 institutions, relat-
fng to the character of deposits &C.
positors, in the paid, etc. Total de-
posts in these banks on or about June
80 were $13595, 900, 900, credited to moro
than 5000, 900 depositors or deEQsit ac-
counts, ranging from 81 upward. Near
lv fifteen million depOsitors had savings
or time accounts and more than S,6OO,OOO
of these were depositors in savings
banks.