The sun., 1909-12-09
PROSPERITY SHOWN BY BANKS
SPECIAL REPORT MADE ny THE
MONETARY COMMISSION.

\
Depseiters Increase In Resources.
Leans, Investmenis and DepOsits.
WASHINGTON. Dec. s.-The Monetary
Commission to-day gave out a special
report from banks, accompanied by q
statement summarizing the report. The
statement follows:
n banking lstatistics are a true index
to economic conditions. the people OF
the United States are enjoying a greater
measure OF prosperity than ever before.
In an interesting investigation recently
completed by the National Monetary Com
mission In cot forth data designed TO
throw light upon the monetary situa-
tion which will be OF the greatest interest
TO bankers and hnsnciers. The docu-
meat In question contains q compilation
Of the special reports OF condition which
were obtained from the banks during the
past summer.
The reports were designed to exhibit
the enact condition Of the banks as shown
by their books at the close OF business on
April 20. is0s. and they present in detail
every item OF resources and liabilities
psrtinent to the subject under investiEa-
tion. Practically every incorporated bank
in the United States furnished a report
for this Investigation. and reports from .
larger percentage OF private banking
concerns than ever before made public
were placed st the disposal of the COM
mission.
For the fssst time In the history OF bank
ing In the United States IL has been possi-
BILE. as n result OF this inquiry made by
the commission. to present data uniform
L. nh .l.s "A
engaged in banking throughout the
country. The compilation thus COM
prises the most complete and comprehen-
eive information relating TO banks OF the
United States ever vet printed;
The hanks reporting for this investi-
CATION include q. 6.609 national. n, ,al9 State.
1.S0s mutual and stock savings, 1.ts7 pri-
vate and I ,07e loan and trust companies
The total resources OF all these banks reach
approximat tely n 4 billion dollars.
brief analysis OF the resources and
liabilities shows loans of I1.S53 million
dollars; Investments In bonds. DC. 4.el4
millions; due from banks. :. $50 millions:
cash on hand. including 500 millions in
gold coin and certificates. amounts to .tse
million dollars: other resources. .0s4 mill
ions; capital. 500 millions; surplus and
profits. i.SaS millions; due to banks, ?. 4s4
millions; deposits. II. 100 millions tincIud-
ing Government deposits); other fiabili-
ties. $40 millions.
or the deposits s.sse millions are SUBJ
jsct TO check. ,s2s millions are savings
deposit. 1.2i2 millions are ON time and
s2s millions consist Of demand certifi-
Gates.
Following the special reports from
the banks q supplementary inquiry re-
lating to character OF deposits, deposit
tors interest paid t;nS &c was .,,s made S ey the
sp0nded.
The total deposits In these banks on
or about June 30. 1909. were "a. .5ss million
dollars. credited TO over Is million de-
positors or deposit accounts, ranging from
81 upward Nearly Is million depositors
had savings or time accounts. Of which
ovsr. .. 800 Zoo were depositors in savings
banls.
The average rate Of interest paid oh
savings accounts by the banks is SIS
tereet bearing accounts; over 20 per cent
Of the banks pay no interest on ordinary
deposits: over 5000 banks pay interest
ON a deposit of SIS or less. and about 100
on sums ranging from sa5 up to $500.
While the number OF depositors may
appear TO be unusually large, IL must be
borne in mind that doubtless in many
instances the same individual may have q
checking and q savings deposit account
In the same or different institutions.
being treated In the report from the bank
as two or more depositors: Such duph-
cations, however. may he offset TO a great
extent by the number OF depositors In
banks from which returns were not re-
ceived by the commission.
The number OF banks has more than
doubled since 1000 and the commissions
report Includes l.i4s more than reported
TO tho Comptroller In 1908.
Resources show an increase OF about
q per cent. over 1908 and s5 per cent.
over the amount reported in 1900; loans
have increased nVo Per ,c cen, ;mS IN nlns year.
cent; capital stock has increased by more
than rs per cent. since 1900: individual
deposits BY ss per cent. and total deposits
by o. per cent.
creased nearly Q per cont; investments
in bonds. &o.. about 81 per cent. and de-
posts over sli per cent.
The inforrDa ton is presented in series
Of statistical tables arranged by States
and reserve cities for each class Of banks
The average per capita bank resources
for the entire country is s737 -. Geo.
graphically stated. the banks OF the
Eastern States'hRve per capita resources
Of s4s0. 10; those OF New England. second,
with stss 81; the per capita resources
Middle Western States. sieO %: banks Of
the Western States are fifth, with t16i. IS;
southern States. $7t.1e
The state Of New York has the largest
per capita hank resources. with s878.O7;
Massachusetts being second. With sSl7 20;
fourth. with s4ss. 10; Rhode Island fifth.
with s457 NJ. In the Southern States
West Virginia 10 first. with nI2.so bank
resources: Louisiana second, with so6.62;
Texas third. with $50. .os: virginia fourth.
States Illinois is first. with s740ss Mis-
souri, second, with s2fs.50: Iowa third,
with s2l47s; Ohio fourth. with S20a co.
In the Western States Colorado 10 first.