The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-12-09
National Monetary Commission
Makes Public An Array
Of Statistics
NEW YORK STATE LEADS
IN RESOURCES PER CAPITA
Number of Banks Has More Than
Doubled in Nine Years, While De-
posits Have Almost Done
the Same.

Washington, December S.-For the first
time In the history of American banking.
statements have been obtained showing
in detail the condition of practically every
banking institution in the United States
at a given hour. The comptroller of the
currency gets such information periodical
~ from the national banks: the curious
state banking commissioners get 1t h.o,n
the state banks from time to time. Such
reports come forth at different times AMI
under different laws and forms of reports
The national monetary commission has
just completed and made public today the
tabulated results of an investigation OF
the condition of all classes of incorpor-
ated banks, the reports being made in
variably upon uniform blank and all
at the close of business on April Is, 1909.
An enormous and important mass of
information has thus been brought with
in the reach of the financial world
Wealth Per Capita.
With total resources of SIS. 10 per capita
of population. the banking institutions of
the eastern and middle Atlantic states
states come next with S4s3 50 per capita:
the Pacific states are third with Ss47. rs:
The middle western fourth with $3.50. GA !.
the far western fifth with s161 35: the
southern sixth with 81. 49, and the island
possessions tall off with 81 q per capita.
The United states as whole shows bank
Ing resources PEI capita of s237 "a; with
the island possessions included, the rate
is lowered to s215. .s5s..s-ss
These comparisons form a feature of
the remarkable report issued today by the
national monetary commission giving the
results of an inquiry which not only
covers substantially every Incorporated
bank of any character in the United
States. but for the first time in the his
tory of American banking. presents a
tabulafion of statements showing the con-
dition OF all classes OF banks-national
state and savings and loan and trust COM
panies-throughout the country at a given
hour: namely. the close of business on
April 2, 1909. The comptroller of the
currency gets such reports periodical
ly from the national banks, the various
state bank commissioners and superin-
tendens of them from the state banks;
never before have the facts been taken
simultaneously from all the banks of tho
country.
Massachusetts leads the New England
states with total banking resources per
capita of s5l7 %: in order following come
Rhode Island, s457 .12; Connecticut, $40 IS: !:
New Hampshire, s28S. IS; Vermont. s2S3 IA:
Mainef $2SS. 60.
New York with 1915. o7 leads the so-called
eastern states; West Virginia heads the
southern list with per capita of s112 So .
Louisiana follows with $685. 81; then, in
order, come Texas, 800 ST. Virginia, sss 81 .
Kentucky, $s6. 66: Florida. $S6. .54: Tennes-
see, Lag; Georgia. $64 23; South Caro-
lima. s52 .S4 North Carolina and Alabama
each. s45.H; Mississippi. $45 80: ArSan-
sas, Sal IA
Great. Number of Banks.
The institutions reporting to the com
mission are 6SS3 national; 1879 state 1908
mutual and stock savings. and 1897 private
banks and 1919 loan and trust companies
The total resources of all OF these estab-
lishments reach the stupendous total OF
S21 .1o0, 100000. A cursory analysis of the
resources and liabilities shows loans of
Sl1 .374 100000; investments in bonds. etc.
s4,ei4 900; due from banks. s2.562 0o0. 600:
cash on hand dncludine ssoa. 600 900 in gold
coin and certlfioates), |, ,432, 900. 900; other
resources. Nos4, 900; apital. sl.S00,0oO.-
600: surplus and profitsA 81 1885,. .000 900; due
to banks, s., $4,000, 900; did 'osist dncluding
government deposits), sl4 5000 900; other
100000 are subject to check; A926.0oo
900 are savings deposits; 81 .212.00o.000 are
on time and sG25, 100000 consist of demand
certificates.
Following the special reports from the
banks, a supplementary inquiry was made
covering 1925 institutions, relating to the
character of deposits, deposltors, interest
paid, etc The total deposits In these
banks on or about June were S13. .595. .0on-
900, credited to over 25,0oo,o00 depositors,
or deposit accounts, ranging from 81 up
ward. Nearly 100000 depositors had
savings or time accounts and over $780,
900 of these were depositors In savings
banks.
The average rate of interest paid on
savings accounts is s.55 per cent and on
other interest bearing accounts $40 per
cent. Over 10 per cent o, the banks pay
no interest on ordinary deposits more
than 5000 banks pay interest on deposits
of SOS or less, and about 1900 on sums
ranging from s25 up to $500.
Interesting Comparisons.
Banks other than national banks have
over SO per cent of the aggregate re-
sources of all reporting; over 65 per cent
OF individual deposits and over Sc per
cent OF the aggregate loans. OF the sur
plus and profits &c per cent is credited
TO this class OF banks, while they have
only about As per cent of the capital
and IS per cent of the cash holdings.
The number OF banks has more than
doubled since 1900, and the commissions
report includes 114o more than reported 10
the comptroller Of the currency in 1893.
Resources show an increase OF about
per cent over 1903 and 80 per cent over
1890: loans have increased 1o0 per cent in
nine years, while investments have In
creased s2 per cent. Capital stock has in
creased by more than IS per cent since
1900. individual accounts by as per cent
and total deposits by "a per cent During
the current year loans have increased
nearly per cent. Investment in bonds.
etc,. shout sN per cent and deposits oves