The San Francisco call., 1909-04-06
FINANCIAL STORM
EASILY WEATHERED
Bank Cearings Show Wonder.
fuI Volume of Business
Transacted

n n
Francisco show a large gain as
Il Y compared with the corresponding
season in 1905. One week lately
the increase amounted to 27.2 per cent
and the actual gain brought the fig
ures up TO ssS.7I7 sol. as compared
with S26.50S,7ss for the correspond
ing week in 1908 In Los Angeles the
clearings in the same week We're s12.-
S4s,sS6, as compared with s9,135,s51 for
the corresponding week last year.
The clearances Of Oakland in the same
seven days were s1.sss.SS9 The pre-
ceding year the Oakland figures for
the corresponding week were s1,24S,-
Ss3. The aggregate Of bank clearfngs
for one week in March. in California
cities, was s50.5S3, ,s44 These facts
sufficiently illustrate the growth of
business in the state and the activity
OF San Francisco, and make comment
or explanation unnecessary.
Turning TO the thirtieth annual re-
port Of the board Of bank commits
sioners Of California, as submitted to
Governor GiHett, the fact is disclosed
that there are sos banks in the state
under the jurisdiction Of the board,
which are enumerated as follows: Com
mercial banks. 85e; savings banks.
1S4; private banks. 1e. These are out
side and apart from the national banks.
which are not under state control The
intelligent inquirer may learn from
the reports OF the comptroller of the
.-currency that. at the last date when d
4 general summation Of the resources Of
Z the national banks Of California was
1 made the following figures of signif-
s canoe We're embedied4in the showing:
= CITY7s CASH RESOURCES
4 The national banks Of san Francisco
We're represented by resources amount
ing to slls,4S5.s24 and Los Angeles by
se0.345. .s94. Total resources of the Port
land national banks were s27.1s7. .10s.
Tacoma was represented by sss344,56l.
Seattle by sS2.e7s.455 and Spokane by
s22,76l.SSs. Pacific coast states, fnclud-
ing Utah. Nevada. Arizona, Alaska Cal
ifornia and Washington and Oregon,
made total showing in the official fig
lures Of resources amounting to s4S6,-
6SO. O.s6L other western states combined
made a showing Of but $500. .2ss. .70S.
. This group, classed as western states.
includes North Dakota, South Dakota.
I Kansas. Montana. Wyoming. Colorado,
New Mexico and Oklahoma.
Some interesting tables are included
. in the latest annual report of the Cali
fernia bank commissioners, which, to-
x gether, gives a very fair view, that
more than corresponds in completeness
with the returns made by the comp
troller Of the currency regarding the
national banks in san Francisco and
other California points. For instance,
ii is shown that at the date of making
{, the report to the governor the total re-
sources Of the San Francisco CONNER
cial banks amounted to s114,2Sg,424;
that the resources Of the San Fran
cisco savings banks at the same time
were sI50.S3s. .sss. The comparison af-
fords the information that at the same
geles commercial banks were s14,s43,-
s72. and that the resources of the. Los
Angeles savings banks were s4l,7eO,-
s3s
AS emphasizing the great Importance
and predorninance Of San Francisco as
a banking center. some other figures re-
lating to the banks in the interior of
california are supplied. Two hundred
and eighty-six interior commercial
(. banks were reported to the governor as
having. total resources amounting to
Si246sO,714. while 1O2 savings banks in
the interior had resources amounting to
5&4s.65o,257 How great a share San
{ Francisco has in the total showing sub
mitted to the governor. relating to the
hanks that acknowledge the jurisdie-
ton Of the bank commissioners, is also
illustrated by summary made by the
hank commissioners. which is as fol-
lows: All commercial banks. number
ing s5s, had resources amounting to
/. s25T, 1856, ,46s; all savings banks COM
bined. s277.s14S2s; all state banks COM
bined, ssss.OsI. .ss5-
BANKING FACILITIES GROW
+ The following statement is made con-
.zoerning the movements of bankers in
California during the year covered by
the bank commissioners in their report:
During the year sS new commercial
banks and S new savings banks have
been organized. During the same period
10 commercial banks have been ma
tionalized and 4 private banks have
been changed 10 commercial banks. On
account Of the rule adopted by the
clearing house association Of Los Ange-
les. requiring a minimum of s2eo,0eo
capital for banks clearing through the
Los Angeles clearing house. consolida-
/. tion has been the order of the day in
Los Angeles. Five mergers have taken
place"