Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-09

washington, Dec. S-WIlH' loldi Ie
sources of si50.19 per capita of popula
ton, the banking institution OF TIN
Eastern or middle Atlantic state!
lea: the Pacific states are third will
lead the country The New England
states some next with si33.6O per cap
S341.1S: the middle Western fourth will
sf90.64; the far Western fifth will
with $16135; the Southern sixth will
S7l19 and the island possessions tai
off with 1922 per capita.
The United States as a whole shows
banking resources per capita of $23l.-
"a, but the island possessions included
the rate is lowered to $215.37.
These comparisons form a feature OF
remarkable report issued today by
the National Monetary Commission
giving the result of an inquiry which
not only covers substantially every in
corporated bank of any character in
the Uniter States, but for the first time
in the history Of American banking,
presents a tabulation of statements
showing the condition of all classes of
banks-natiOnal, state and savings and
loan and trust cOmpanies-thrOugho
the country at a given hour: namely,
the close of business on April 49, 1908.
The comptroller of the currency gets
such reports periodically from the ma
tfonal banks, the various state bank
commissioners and superintendent get
them from the state banks, but never
before have the facts been taken ST
simultaneously from all the banks OF
the country.
Massachusetts leads the New Eng
land states with total banking resources
per capita of S517.25; in order following
come Rhode Island $457.12: Connecticut
$40c.4S: New Hampshire $2SS.3Q; Yer
mont $685. IA; Maine s26S.6O.
New York with $e76.O7. leads the So
called Eastern states: followed in order
by Pennsylvania with $SOS.55; District
of Columbia with $269.96; Maryland
s233.34; New Jersey s232.79; Delaware
$2O449
West Virginia heads the Southern
list with a per capita of s112.66; Louis
lana follows with 1861.
The middle Western group is led by
Illinois with $24O.39: then comes Mis-
souri, with S2155O.
Colarodo with S25065 leads the West
ern state list
The Pacific group is lead by Nevada
with per capita of s512.73; then fol-
lows California with $4S670.
Hawaii shows q per capita of $71.99;
Porto Rico that of $1124 and the Phil
ippines that of $2.70.
The institutions reporting to the COM
mission include GS95 national; 1879
state; 1903 mutual and stock savings
and 1897 private banks and 1919 loan
and trust companies. The total re-
sources of all these establishments
reach the stupendous total of $2l,000,
100000 A cursory analysis of the re-
sources and liabilities shows loans of
81 ,373, 900, 900: investments in bonds.
etc, S4,614, 00O. 900; due from banks 81
562, 100000: cash on hand Gncludng
1903. 100000 in gold coin and certifi-
cates), $1,432, 100000 other resources ST.,
O94,00O.000: capital $l,S0O000,000; sur
plus and profits. $685. 900; due to
banks, $2,4Si, 100000; deposits GnludinE
government deposits). Sl4.106,0 O0. 900;
other liabilities. $S70,O00,000 OF the de-
posits 6.956, 900. 900 are subject to check,
$4,926. 100000 are savings deposits; ST.,
212,0OO. 900 are on time. and $e25 1000, 900
consist ~ demand certificates.
Following the special reports from
the banks, supplementary inquiry
was made. covering 1925 institutions.
relating to the character of deposits,
depositors. interest paid, etc. The to-
tai deposits in these banks on or about
June 30. We're S13. 59J. 100000 credited to
over $4,000 900 depositors or deposit ac-
counts, ranging from 81 upward.
Nearly $4,000. 900 depositors had savings
or time accounts and over S600,0O0 of
these were depositors in savings banks.
The average rate of interest paid on
savings accounts is 1855 per cent. and
on other interest bearing accounts 80
per cent. Over 40 per cent. of the
banks pay no interest on ordinary de-
posits: more than 5000 banks pay in
terest on deposits of $25 or less. and
about 1900 on sums ranging from $25
mp to $500.
The report shows most interesting
geographical comparisons. The total
bank resources for the entire country
average s237.24 per capita. The state
of New York leads with $676.07 per
capita; Massachusetts, comes second
with $5l7.25; Nevada third, s51212; CAL
ifornia fourth, s4S67O Rhode Island.
fifth. $457.12. New York leads in
amount invested in banking capital.
which is over 26S,000,000; Pennsyl-
vania comes second with s229,000. 900;
Illinois third, s122. 100000: Ohio fourth.
$1O1, Oco, 900.
Banks other than national, have over
SIS per cent. of the aggregate resources
of all reporting: over 65 per cent. of
individual deposits and over Sc per
cent of the aggregate loans. Of the
surplus and profits, SIS per cent is
credited to this class of banks, which
they have only about 4S per cent. of
the capital and sc per cent. of the cash
holdings.
The number of banks has more than