Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1909-12-08
ENORMOUS WEALTH
IN BANKS
Total Resources in United
States Reach Stupendous
Amount
EXCEED q BILLION DOLLARS
Loans Made Alone Aggregate
More Than One Half
of That Sum.

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 at a given hour.
The comptroller of the currency gets
such information periodically from
the national banks; the various state
banking commissioners get it from
state banks from time to time. uch
reports cCme forth at different times
and under different laws and forms.
The national monetary commission
has just completed and made public
today the tabulated results of an in.
vestigation of the condition of the
various classes of incorporated banks
throughout the country, the reports
being made invariably upon a uniform
blank and all at the close of business
Oh April rs, 1909.
An enormous and exceedingly i'm
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 6,S93 national
banks. 1879 state banks, l,703 mu.
| tual and stock savings banks and
1897 private banks, and 1919 loan
and trust companies. The total re-
sources of all report the stupendous
total of $21 ,100,000,000. A currency
analysis of the resources and liabili-
| ties show loans of $11 1878, 100000: in
vestments in bonds, etc, $4,614,000,-
600, due from banks 562,000,OOO;
cash on hand (including $500, 100000
in gold coin and certifcates), $1,432,.
| 100000; other resources, $1,094 ,000,-
600; capital $1,S00,000,000; surplus
and profits, $1,S35,000,00e.;; due TO
banks, $2,4S4,OOO, deposits, (includ-
ing government deposits), $14,1O6O00-
600; other liabilities, $S70,O00,0O0.
OF the deposits, $6,956, 100000 are
subject to check, $4,926, 100000 are
savings deposits; $1,212,000,000 are
on time, and 1925 100000 consist of
demand certificates.
Following the special reports from
the banks, a supplementary inquiry
was made covering 1925 institutions,
relating to the character of deposits
deposftors, interest paid, etc. Total
| deposits in these banks on or about
June 80, were $13,595, 100000, credit
| ed to over twenty-five million deposi-
tors or deposit accounts, ranging from
| 81 upward. Nearly 100000 depos-
itors had saving or time accounts, and
! over 8,600,000 Of these were depositors
in savings banks.
The average rate of interest paid
on savings accounts is 3.55 per cent
and on other interest bearing ac-
counts, $40 per cent. Over 40 per
cent of the banks pay no interest on
ordinary deposits; more than 5000
banks pay interest on deposits of
$25 or less and about 1,200 sums rang
ing from $25 up to $500.
/ The report shows many geographic
al comparisons. The total bank re,
| sources for the entire country aver
age $237.24 per capita. The state of
New York leads with $676.07 per cap,
ita; Massachusetts comes second with
$517.25 Nevada third, s51272; Cali
fornia, fourth, $4S6.7O; Rhode Island
/ fifth, $457.12.
| New York leads in amounts in
vested in banking capital with over
$263, 100000; Pennsylvania comes sec
ond with S229,0OO,00O; Illinois, third,
with 100000; Ohio, fourth, $101,.
100000.
Banks other than national have 55
per cent of the aggregate resources of
all reporting; over 65 per cent of in
dividual deposits and over Sc per cent
of the aggregate loans. Of the sur.
plus and profits, 55 per cent is credit
ed to this class of banks while they
nave only about As per cent of the
capital and Sc per cent of the cash
holdings.
The number of banks has more
than doubled since 1900 and the COM
missions report includes 1,145 more
than reported to the comptroller of
the currency in 1908. Resources show
an increase of about per cent over
1908 and 95 per cent over. 1900; loans
have increased 100 per cent in nine
years while investments have in.
creased 92 per cent. Capital stock
: has increased by more than rs per
cent since 1900; individual accounts
by SO per cent and total deposits by
"a per cent. During the current year
. loans have increased nearly 9 per
cent investment in bonds, ETC., about
: 8 9-4 per cent and deposits over 9 IL
per cent.