The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-12-08
Details of Banking Business Of
the Country Are Set Forth
In a Report of the National
Monetary Commission.
A STUPENDOUS TOTAL.
Resources Reach the Sum of
S21,1OO, 600, 900.
With Cash on Hand Amounting
to 81, ,432, 900, 900.

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 commission get it from
state banks from time to time. Such
reports come forth at different times
and under different laws and form
of reports.
The national monetary commission
made public the tabulated result of
an investigation of all the various
classes of Incorporated banks
throughout the country the reports
being made invariably upon uniform
blank and all at the close of business
on April 2S. 1909.
An enormous, and exceedingly inn
portant mass of information has thus
been brought. within the reach of the
nnanciel world, and the report issued
today affords material for unlimited
study.
The institutions reporting to the
commission include 6,S93 national,
11,319 state, 1,703 mutual and stock
savings, and 1,497 private banks and
l,079 loan and trust companies.
The total resources of all of these
establishments reach the stupendous
total of $21,1O0,0O0,0OO. A cursory
liaSilities show t1s ioans Eesnafeef Of s1n.. 1no
sIS'ooo, goo; Investments in bonds,
etc, s4.614.000,O0O; due from banks
$2,562,o00, cash on hand Gin
cluding ss09.0O0,0OO in gold coin and
certificates) $1,432,O0O,0OO other re-
sources. s1,os4,ooo,oOo; capitai ST.
sS5,o00,o0o; due TO banks $2.4S4.0O0.-
600; deposits (fncluding government
deposits) s14,10e. .o00.000; other
liabilities sso,o00.o0o.
OF the deposits $6.s56, 100000 are
subject to check: $4.926. 100000 are
saving deposits; $1.212. 100000 are on
time, and s625.000. O00 consist of de-
mand certificates
Deposits and Depositors.
Following the special reports from
the banks, a supplementary inquiry
was made, covering 1926 institutions.
relating to the, character, of deposits.
depositors, interest paid. etc Total de-
posts in these banks on or about J,ine
30 were s13. .595 900 900. credited to over
$4,000 Ooc depositorS or deposit accounts
ranging from one dollar upward Nearly
Is, 100000 depositors had savings or time
accounts and over S6OO.000 of these
were depositors in. savings banks
The average rate of interest paid on
L.,
on other, interest bearing accounts 3.10
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 1,2e0
en- sums ranging from s25 to $500
The total bank resources for the en-
tire country average S237.24 per CAPITA
The state of New York leads with
S64607 Per capita: Massachusetts, comes
second with $51725: Nevada. third,
s51272; California. fourth, s4S6.7 Rhode
Island, fifth, s45712
New York leads in amount invested
in banking capital with over s263O00.-
229000, 600; Illinois. third, s122.000. go;
Ohio fourth. 01.000.000
Other Banks.
Banks other than national have over
55 per cent of the aggregate resources
of all reporting; over 65 per cent of in
dividuai deposits and over 56 per cent
of the aggregate loans. OF the surplus
and profits of 55 per cent are credited
to this class of banks, while they have
only about As per cent of the capital
and SO per cent of the cash holding
The number of banks has more than
doubled since 100 and the commissions
report includes 1.145. more than report
ed to the comptroller of the currency
in 1908. Resources show an increase of
about per cent over 1908 and 80 per
cent over 1900; loans have increased
100 per cent in nine years while invest
ments have increased 90 per- cent Cap
ital stock has increased by more than
rs per cent; since 1900 individual ac-
counts by SO per cent, and total depos-
its by "a per cent. During the current
year loans have increased nearly 9 per
cent; investment in bonds. ETC.. about
334 per cent and deposits over 91a per
cent.