The free lance. (Fredericksburg, Va.) 1885-1926, 1909-12-11
UNCLE SAM IS RICH.
Resources of Banks Are
Twenty.One Billions.
PER CAPITA IS $2}7.A
First Report of Monetary Conmis
sion Gives Remarkable Show
ing of Country's Funds N
Banking Institutions.

Washington. Dec. 9-For the first
time In the history OF American h.nk-
ing. statements have been obisned
showing In detail the condiiio. OF
practically every banking insiit1 on
in the United states at given lonr
The comptroller CO the currenc, gets
such information periodically from the
national banks. the various state
banking commissioners get It from
state banks from time 10 time Slch
reports come forth at different times
and under different forms Of reports
The national monetary commission
has Just completed the tabulatel re-
suits Of an investigation OF the condi'
ton OF all OF the various classes OF In
corporated banks throughout the conn
try. the reports being made invariably
upon a uniform blank and all al the
close Of business on April 2S 1903
An enormous and exceedingly I'M
portant mass Of information has thus
been brought within the reach ol the
financial world. and the report issued
affords material for unlimited study
The institutions reporting to the
commission include cSg3 national. H.
3l9 state. 1903 mutual and stock say
ings and 1897 private banks and 1919
loan and trust companies. The total
resources OF all OF these establish
ments reach the stupondous total OF
S2I. 100 600 900. \ cursOry analysis OF
the resources and liabilities shows
loans Of 373.0O0.0Oo; investments
in bonds. etc. S4.G14O00.00O due from
banks. s2.562. 1000. 900. cash on hand
dncludlng sSO9.0O0000 In gold coin
and certihcatesl. Sl432.00000O, other
resources. S1.O9f.0O0OO0; capital 81
500 600 600. due TO banks. S24Si01O.-
900: deposits dncluding government
deposlts). slf1o6.000.O0O; other liabil
tiles. sS70.0oO00O. OF the deposits,
1886 600 600 are subject 10 check. 81
926 000.OO savings deposits SIZE
OOO.O 600 are on time. and s625, 600. 900
consist Of demand certificates.
Deposits Are $13,5e5 100000.
Following the special reports from
the banks. a supplementary inquiry
was made. covering 1925 institutions,
relating % the character Of deposits.
depositors. interest paid etc. The to
tai deposits in these banks on or about
June 80 were s13.595000.0 900 credited
10 over 25.000O0O depositors or dc.
posit accounts. ranging from 81 up
ward Nearly l5.0OO0OO depositors had
savings or time accounts. and over
3 0O0 600 Of these were depostors in
savings banks.
The average rate Of interest paid on
savings accounts is 355 per cent and
On other interest bearing accounts 3lO
per cent over 40 per cent OF the
banks pay NJ interest on ordinary de
posits: more than 5000 banks pay in
terest on deposits Of s25 or less and
about 1900 on sums ranging from S25
ND to $500
The report shows most interesting
geographical comparisons. The total
bank resources for the entire country
average s23724 per capita. The state
Of New York leads with $67G.o1 per
capita: Massachusetts comes second
with s5l725. Nevada third. S5l212.
New York leads in amount invested
in banking capital with over $2b3.-
900 900: Pennsylvania comes second
with 1929 O00. 900. Illinois third $l22.
OO0. 900: Ohio fourth slOl.0oO.00o.
Banks other than national have 50
per cent of the aggregate resources
Of all reporting: over Go per cent pt
individual deposits and over SO per
cent OF the aggregate loans. Oi the
surplus and profits 55 per cent Is cred
tied TO this class Of banks. while they
have only about As per cent Uf the
capital and 36 per cent OF the cash
| holdings.