Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-12-16
OVER 100000
i. s. DEP0S|T0RS
In All Banks Their Money Totals
S14,425,523, 1856 Savings,
Five Billion.

Washington, Dec. 10-Nore than 2j,0)1
o9 deposit accounts are carried on the
books OF the banks of all classes of the
United States and It's insular possessions.
according to statements contained in
the annual report Of Lawrence o. Murray.
comptroller OF the currency, laid before
congress to-day. Tho aggregate deposits
on April IS lest were about 81, i25. 523 lG5.
Inc sum of $685. SO represented say
ihgs deposited by ii,TLG9G depositors. The
average rate of interest paid by national
banks on savings accounts was 3.3i; by
state banks al: mutual savings $50:
stoc" savings $50; private banks and loan
and trust companies paying the same
average rate 3.i3 per cent.
Loans and discounts. United States
bonds, ard lawful money represented ap-
rrcxmatolY 20 per cent Of the aggregate
rcaources of national banks and Ike
proportion OF liabilities is represented by
capital surplus and profits and individual
deposits. Tho comptroller figures out
that assuming the character of bonds
owned by national banks is in accordance
with the requirements of the act of May
80, 1908, tho amount is more than sufficient
as security 70: the aggregate emergency
currency 5000 100 authorized by that
law. Holdings of bonds and other similar
securities by national banks september |
showed Investments OF ,..s character
amounting to $S9S,3SSll2. The interesting
fact is disclosed that $9)Oo.000 is in
foreign government and other bonds and
securities.
Based on the latest returns. the
comptroller says the loaning power Of
the national banlk;' has been Increased as
n result of the law of June. 1906. to tho
extent Of 90 per cent. although with
surplus twice as great as the capital
IF the banks the authorized increase is
300 per cen. Tho law referred to in
creased the limit of the liability to banks
from 10 per cent. of paid-in capital stock
to 10 per cent. Of the capital and surplus.
the total howeer not to exceed 80 per
cent of the capital stock.
BY reason of the depreciation in the
market price Of government bonds during
the year. the computed profit on the issue
Of national bank circulation increased
slightly The gross earnings of national
banks during the year We're $3iS. ga. $50
from which losses and premiums were
charged off to the amount of $40 453. 705,
being 11.G per cent. OF the gross earnings,
and SIT .03iS 800 expenses and taxes. the
net earnings being $l3l. 1878 from which
dividends were paid amounting to S92-
993 449.
NEW ENGLAND MOST SAVING
Nearly so per cent. of all dcpositors in
savings banks are reported in the New
England and eastern States and a little
more than 81 per cent. of deposits in this
class of banks is held by savings banks
in these two geographical sections The
aggregate of paid-in capital stock of the
banks of the United States including the
island possessions is 81, 500, c3G.3G an in
crease of about 21-2 per cent for the
year and over 10 per cent. above the
amount reported on June 80, 1890.
Last April in round amounts the ma
tional banks held s4.S26,0)0oo0 individual
deposits. savings banks 80. ia .090 loan
and trust companies s2,S35. 10000 State
banks $3.50, 100000. and private banks
s133 10000. Geographically the il dividual
deposits reported by banks in the eastern
states aggregated s6.O47. 10000 in the New
England States S2.106p0o,O in the middle
western States SG196Cc2.C0G in the south
crn States slC5s,oO1,ooo, in the Pacific
States sS97oo9,o'O in the western States
$40, o. 0'N, and in the island possessions
So, 600, coo
DfDoSllS AMOUNTING 10 over Nf,'-h,'po,
0a0 or 81 per cent of the total individual
deposits in all banks were savings, and
IN addition over Sl.2l1. 5000 were time de
posts. Tho indI idual deposits subject
to check aggregate over 81. aJ6,5o0,eJo, de
mand certificates OF deposit over s625. ooo,-
o"l. and the aggregate Of other minor
classifications over $l5,910,G10
Banks in New ENGLAND states held, ir
round amour. sSS.3oo, 90 in actual cash;
those in the eastern states $7l6.200 COO in
the southern States. slo5.S0o,cob; in the
middle western States, 1913 400 N00; in the
western States, $4,000, in tho Pacific
states. So. o0o, 600 and ;he banrs of the
island possessions. s1,700,0N
Tho banks OF tho country have in
creased their loans since 1908 by s93',@ol.
600 or from $40 ass, 100000 in 1905 to s1l,373,
200 90 in 1909.
School savings banks arc in operation
in ia cities Of % States with 1858 de-
positors.