Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-08
National Monetary Commission
Makes Public TabuIated Re-
suits of an Investigation.
RESOURCES, s21,1oo,ooo,ooo.
Per Capita Resource for the Entire
Country Averages s237.31-New
York State Leads.

Washington, Dec. S.-For the first
time in the history of American bank
Ing, statements have been obtained
showing in detail the condition of prac-
tically every banking institution in the
United States at a given hour. The
comptroller OF the currency gets such
information periodically from the ma
tional banks: the various state banking
commissioners get ii from state banks
from time 10 time. Such reports come
forth at different times and under diff
fcrcnt laws and forms,
The national monetary commission
has Just completed and made public
today the tabulated results of an IN
vestigation of the condition of the varl-
GUS classes of Incorporated banks
throughout the country, the reports te-
ing made invariably upon a uniform
blank and all as of the close of busi-
ness on April 2S. 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
today affords material for unlimited
study.
NUMBER OF INSTITUTIONS.
The institutions reporting to the conf
IIllSSlOn ulCluue osoSo HallOlldl DstuhS,
1913 state banks, 1,T03 mutual and
stock Savings banks. 1,497 private
banks, and 1.079 loan and trust COM
panies. The total resources of all reach
the stupendous total of s21, 100, 100000.
A cursory analysis of the resources and
liabilities show loans of $1l. .313. 900. 900,
investments In bonds. etc, Sa.6l4 100000
due from banks, 81, ,562 900. 900; cash on
hand dncluding $500, 100000 in gold coin
nd nt th,>t.
resources, $1,094,oOO,000; capital. $780,.
COO. 900; surplus and profits, S1,S35, 100000;
due to banks. S2.4S4 900, 600; deposits On
cluding government depositS), 81, 1885,,
900, 600: other liabilities, sS70.OOo0O0.
OF the deposits $695s. 100000 are sub
jcct to check: S4,926.000,000 are saving
deposits. s1.2l2 900 are on time and
s625,000.000 consist of demand certifi-
Gates.
Following the special report from the
banks a supplementary inquiry was
made, covering 12.245 institutions relat-
ing to the character of deposits, de-
positors, interest paid, etc. Total de-
posits In these banks on or about June |
go, were S13.595. .000.00 credited to more |
than twenty-five million depositors or
deposit accounts. ranging from one |
dollar upwards. Nearly fifteen million |
depositors had savings or time ac-
counts and more than $500 900 of these |
were depoSitors in savings banks.
The average rate of interest paid on |
savings accounts is 3.55 per cent and |
on other interest-bearing accounts 310 |
per cent More than 40 per cent of the
banks pay no interest on ordinary de-
posits; more than 5000 banks nay in |
tcrest on deposits of S25 or less and |
l,20o on from $25 up to $500
GEOGRAPHICAL COMPARISONS.
The report shows many ographical |
comparisons. The total bank resources |
Tor the entire country average S32724 |
per capita The state OF New York |
leads with Se76.07 per capita: Mas
sachusetts comes second with S5l7.25; |
Nesada : .es ad third; S5i2;72; California fourth
S4S6.70; Rhode Island fifth, 457 12
New York leads in the amount in
vested in banking capital with more
than S263 ,000. Pennsylvania comes
second with 229.000. 900; Illinois third.
Sl22 100000; Ohio fourth. slo1, ,Ooo, 900
Banks other than national have more
than 90 per cent of the aggregate re-
sources of all reporting: more than 65
per cent of Individual deposits and
more than 56 per cent of the aggregate
loans OF the surplus and profits 55
per cent is credited to this class of
banks. while they have only 4S per cent
of the capital and &c per cent of the
cash holdings.
The number of banks has moro than
doubled since 1900, and the commissions
reach includes 1,145 more than reported
TO the comptroller of the currency in
l5OS Resources show an increase of
per cent over 1908 and IS per cent
over 1900; loans have Increased 100 per
cent in nine years, while investments
have increased 92 per cent Capital
stock has increased more than rs per
cent since 1900: Individual accounts SO
per cent, and total deposits "a per
cent In the current years loans have
Increased nearly per cent. invest
ment In bonds. etc. 3% per cent, and
1ennSitS more than M. coa4 -