The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-12-09
DEPOSITS s237.24
PER CAPITA
STATISTICS SHOW ENORMOUS
AMOUNT OF CIRCULATING
MEDIUM IN BANKS.

Washington. Dec. S.-For the first
time in the history of American bank
ing statements have been obtained
showing in detail the condition OF prac-
ticaiiy every banking institution in the
United States at given hour. The
comptroller of the currency gets such
Information periodically from the ma
ticnal banks: the various state bank
ing commissioners get il from state
banks from time to time. Such reports
come forth at different times and un-
der different laws and forms
The national monetary commission
has just completed and made public to-
day the tabulated results of an inVesti-
CATION OF the condition of the various
classes of Incorporated banks through
out the country. the reports being made
invariably upon q uniform blank and
Mt the close Of business on April %.
1909.
An enormous and exceedingly impor-
tant mass of information has thus been
brought within the reach of the finnn-
cial world, and the report issued today
affords material FOR unlimited study
Number OF Banks.
iHf ihSiatulieitS EtpufA6AE 10 llls
commission include s,ss3 national
banks. 1879 state banks. 1.7n3 mutual
and stock savings banks, / .is1 private
banks and i.o19 loan and trust COM
panies. The total resources of all
reach the stupendous total Of s2l.loo.-
100000. 4 cursory analysis Of the re-
sources and liabilities show loans Of
$1l.313.o00.ooo: investment in bonds
etc. s4.sl4.oo0,oo0: due from banks.
1885,, ooa.o0o. cash on hand oincluding
$sos.ooo.oo0 in gold coin and certifi-
catcs). sl.4s2. 100000: other resources,
$l,o9s. 100000. capital. $500. 00O, 600:
surplus and profits si.s350oo. GOO: due
TO banks. s2.4si. 0o0. zoe. deposits tin-
Guiding government deposits). SI4ioG.-
100000: other liabilities. ss70.0 900.
or the deposits. s6.g56. 100000 are
subject To check; A.9a6.000. 900 are saw
ings deposits: 1000 900 are on time
and s6a5.00o.0o0 consist of demand GER
tificates.
Character Of Deposits.
Following the special reports from
the banks. supplementary inquiry
was made. covering 1926 institutions
relating to the character of deposits. 7
depositors. interest paid. etc Total de- i
posits In these banks on or about June
80 were 1855. Ooo. 900. credited to more
than 25,ouo.ooo dcpositors or deposit ac- |
counts. ranging from 81 upwards. |
Nearly 15.eo0.o00 depositors had saw
ings or time accounts. and more than |
S.60o,0o0 of these were depositors in /
savings banks.
The average rate of interest paid on
SDyinrg fG a
on other interest bearing accounts. $40
per cent. More than 40 per cent OF the
banks pay no interest on ordinary de-
posits: more than 5000 banks pay in
terest on deposits OF SIS or less, and
loo ON from SIS up to $500.
Geographical Comparisons.
The reports affords many geographi-
cal comparisons. The total bank re-
sources for the entire country average
ss37.ei per capita. The state of New
York leads with S6I6.07 per capita:
Massachusetts, comes second with
s5lI.e5: Nevada third. s512.1e: califor-
mia fourth, s4s6..o; Rhode Island nth.
s451.12.
New York leads IN amount invested
In banking capital with more than
se6s,ooo oou: Pennsylvania comes sec +
ond with ss29.o00.610: Illinois third
$iss.0hp,oee: Ohio fourth, Slo1 900, 0o0. /
Banks other than national have more
than - per cent of the aggregate re-
sources Of all reporting. more than -
per cent Of the individual deposits and
more than 81 per cent of the aggregate
loans. pf the surplus and profits 50
per cent il credited tn this class of
banks. while they have only As per
cent of the capital and ID per cent of
the cash holdings.
Doubled Since 1900.
The number of banks has more than
doubled since 1900. and tile commits
sion's report includes more than lilo
more than reported 10 the comptroller
of the currency In l90S. Resources