The Richmond palladium and sun-telegram., 1909-01-02
Controller Currency Reports
State Undivided Deposits
Increased 81, ,564, ,889.
A GROWTH IN RESOURCES
BANKING OPERATIONS HAVE EN-
TIRELY RECOVERED FROM r.
NANciAL DISTURBANCES Ex-
pERjENcED LAST YEAR.


Improvement in financial conditions in
Indiana last year is indicated by ad-
vices received by the controller OF the
surrsncy. These advices show that
the state Of Indiana begins the new
tear under the most favorable auspices
with q complete restoration OF confid-
ence and with banking operations en-
tirely recovered from the financial dis
turbances Of the early part Of the year
oust closed.
from Indiana, there has been an enor-
nous increase in resources and depos
lts Of national banks in Indiana during
the last year. On December 8, 1907,
the national banks OF Indianapolis had
clearing house certificates to the
amount Of $4,000 outstanding and
the national banks of the remainder
Of the state had issued $119.745 of
clearing house certificates. All Of
these have been redeemed and have
disappeared.
Probably the most notable improve
ment is In the increase Of individual
deposits. This increase amounts to
the enormous total Of $7.564Ss9. The
individual deposits are the deposits OF
many and the increase represents
thousands OF accounts that did not ex-
ast year ago.
The total increase Of individual de-
posts includes an increase Of $1.15O.-
1850 In the deposits of the national
banks Of Indianapolis and an increase
Of So 414.543.11 in the deposits Of the
national banks of Indiana outside of
the state capital. The individual de-
posits of the Indianapolis national
banks as shown by the controllers
latest call were $40. .751 ,91949, as COM
pared with SIS. .601 1880 one year ago.
The individual deposits OF he nation
al banks outside of Indianapolis were
$o4.595, ,71OO5. as compared with $685.
iS1. .166.A one year ago.
Total Increase Striking.
The increase in the total resources
of the Indiana national banks is
equally satisfactory and striking. This
increase amounts to $12,597 .41S41
during the year, of which the Indian
apolis national banks show an increase
of s., ,463, ,842.04 and the national banks
outside of indianapolis an increase of
$1O,133,575.47. In other words the
national banks of Indianapolis at the
time OF the controllers last call had
total resources Of $51 ,2O1 $3.50, as
against $4S.737, ,736.O5 one year ago
and the national banks outside Of In
dianapolis had total resources of $780,
29,S71.37. as against $40. 1876, ,295. 80
one year ago.
During the year there was an in
crease in the loans and discounts Of
the Indianapolis banks amounting to
$5,321 ,3O3.s9. This represented an in
crease OF 81, ,7O9. .699.12 in the loans and
discounts Of the Indianapolis national
banks and an increase of $3,611 ,6O4. 70
in the loans and discounts of the ma
tional banks outside Of Indianapolis.
A year ago the per cent of reserve
in the Indianapolis national banks was
S2.S6. The recent call showed it has
been reduced to 2S.97. The per cent Of
cash on hssad in the Indianapolis banks
a year ago was 1926. This has been
reduced to S1.SS. No other state enters
tho new year under more favorable
sonditiOQs than Indiana.