The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-01-03
Controller Currency Reports
State Undivided Deposits
Increased $7,564, 009.
A GROWTH IN RESOURCES
BANKING OPERATIONS HAVE EN-.
TIREIY RECOVERED FROM n.
NANclAL DISTURBANCES Ex.
PERIENCED LAST YEAR.

washington, Jan. a WONDERFUL
improvement in financial conditions in
Indiana last year is indicated by ad-
vices received by the controller Of the
currency. These advices show that
the state of Indiana begins the new
year under the most favorable auspices
with a complete restoration Of confid-
ence and with banking operations en-
tirely recovered from the financial dis
turbances Of the early part Of the year
just closed.
Based on reports to the controller
from Indiana, there has been an enor-
nous increase in resources and depos-
its of national banks in Indiana during
the last year. On December 3, 1907.
the national banks of Indianapolis had
clearing house certificates to the
amount Of $4,000 outstanding and
the national banks OF the remainder
of the state had issued &119.74S Of
clearing house certificates. All OF
these have been redeemed and have
disappeared.
Probably the most notable improve
ment is in the increase Of individual
deposits. This increase amounts to
the enormous total of $7.564. ss9. The
individual deposits are the deposits of
many and the increase represents
list q year ago.
The total increase of individual de-
posits includes an increase Of $780,
1850 in the deposits Of the national
banks Of Indianapolis and In increase
Of s6.414.543.11 In the deposits of the
national banks OF Indiana outside of
the state capital. The individual de-
posits of the Indianapolis national
banks as shown by the controllers
latest call were $40. ISL $40 40. as COM
pared with $1s.0n $3.50 one year ago.
The individual deposits of he nation
al banks outside Of Indianapolis were
$94. 500, 1905, A. compared with $685.
1S1, 166.S4 one year ago.
Total inersass Striking.
The increase in the total resources
of the Indiana national banks IL
equally satisfactory and striking. This
increase amounts to 312.597 .418.41
during the year. of which the Indian
apolis national banks show an increase
Of 81. 463 .s42 81 and the national banks
outside of Indianapolis an increase Of
SO. 3,57547. In other words the
national banks Of Indianapolis at the
time of the controllers last call had
total resources Of $51 .2O1 $3.50. as
against $4s. 797. 7S6O5 one year ago
and the national banks outside OF In
dianapolis had total resources of $780,
300. 871.37. as against $40, 196, 206 30
one year ago.
During the year there was an in
crease in the loans and discounts of
the Indianapolis banks amounting to
1921 1903 80. This represented an in
crease of 81 7Uo. geo IL in the loans and
discounts of the Indianapolis national
banks and an increase of $S.611 .0O4 70
in the loans and discounts of the ma
tional banks outside of Indianapolis.
A year ago the per cent Of reserve
in the Indianapolis national banks was
81 IS. The recent call showed 1t has
been reduced to 2S.97. The per cent OF
cash on hand in the Indianapolis banks
year ago was 37.25 This has been
reduced to 1ae No other state enters
the new year under more favorable
conditions than Indiana.