Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1909-12-11
UNCLE SANS
GREAT WEALTH
Report Of Monetary Commission
Shows Growth Of Banks.
HOLD TWENTY-ONE BILLIONS
Total Deposits In Banking institutions
Are s13.5s5. ooo, ooo-capitai, $500.
ooo.ooo-Per Capita For the Entire
Country, s237.24.

ooo.ooo-Per Capita For the Entire
Country, $237.24.
Washington. Dec. s.-For the nrst
time In the history of American bank
ing. statements have been obtained
showing In detail the condition OF
practically every banking institution
In the United States at q given hour.
The comptroller Of the currency gets
such information periodically from the
national banks; the various state
banking commissioners get It from
state banks from time to time. Such
reports come forth at different times
and under different forms of reports.
The national monetary commission
has just completed the tabulated re-
suits OF an investigation of the condi-
ton of all OF the various classes OF In
corporated banks throughout the ooun-
try. the reports being made invariably
upon a UNIFORM blank and all ut the
close OF business on April rs. 1909.
An enormous and exceedingly i'm
portant mass Of information has thus
been brought within the reach Of the
financial world. and the report issued
affords material for unlimited study.
The institutions reporting to the
commission include eS93 national. H.
319 state, 1903 mutual and stock saw
ings and 1897 private banks and 1919
loan end trust companies. The total
resources OF all of these establish
ments reach the stupendous total Of
$21, 100. 100000. A cursory analysis OF
the resources and liabilities shows
loans OF 373000.000; investments
In bonds. etc. $4614.000. 1000: due from
banks. $2.562 100000 cash on hand
Including sS09.000.000 in gold coin
and certifcates). s1.432 900 900; other
resources. s1.094 900 900: capital. 81
500 100000: due to banks. $2.4S4 .000.-
600; deposits Including government
deposits). s14106.O00. 900: other liabiI-
tiles sS70000.000. OF the deposits.
So. $50 900. 900 are subject to check. 81.
926.0O0.000 savings deposits. $1.212.-
100000 are on time, and $625. 10000
consist of demand certificates.
Deposits Are $fs.59s. 100000.
Following the special reports from
the banks, supplementary inquiry
was made. covering 1925 institutions.
relating to the character of deposits.
depositors. interest paid. etc. The to-
tai deposits in these banks on or about
June 80 were $13.595. 900. 900. credited
to over 25.000OO0 depositors or de
posit accounts, ranging from 81 up
ward. Nearly 100000 depositors had
savings or time accounts. and over
5000 600 OF these we're depositors In
savings banks.
The average rate OF interest paid on
savings accounts is 355 per cent. and
on other Understanding accounts $40
per cent. Over 40 per cent of the
banks pay no interest on ordinary de.
posits; more than 5000 banks pay in
terest on deposits of SIS or less and
about 1900 on sums ranging from s25
up to $500
The report shows most interesting
geographical comparisons. The total
bank resources for the entire country
average 1927 "a per capita. The state
OF New York leads with $c76.07 per
capita Massachusetts comes second
with $51725: Nevada third $512.12.
New York leads In amount invested
in banking capital. with over $685.
600 900: Pennsylvania comes second.
with s229.000.000: Illinois third. $l22.-
100000; Ohio fourth. sl01.000,000.