The Montgomery advertiser., 1909-12-11
MURRAY TELLS OF BANK DOINCS Comptroller of Currency
 Makes Report SHOWS WEALTH OF COUNTRY Deposit Accounts Aggregate
 Twenty-Five Millions. resai Amount of Depssits Last April % wa. About Fourteen Billio..,
 es wnieA More rha. one Fl Fsfth Was saviass r Account. (.

Washington, Dec. 1o.--More than 25.- 100000 deposit accounts are carried on The books of the banks. of all classes Of the United States and it's insuiar possessions according to statements contained in the annual report of Law. renee O. Murray. comptroller of the currency. laid before Congress today.
 : The aggregate deposits on April 2sth last, were about $14.425.5z3,165. The sum of s5.s7s.7s5.as7 represented say inss deposited by 14.ss4.sss depositors. The average rate of interest paid by national hanks on savings accounts was 3.a4; by state banks. s.7i; mutual savings. |. s5; stock savings. 3.6o; priv ate hanks and loan and trust compan- tes paying the same average rate. 3.4S percent.
 Loans and discounts. United States bonds and lawful money represented approximately 70 per cent Of the az gregate resources of national banks. and like proportion of liabilities Is represented. by capital, surplus and profits and individual deposits. The comptroller figures out that assuming the character of bonds owned by na- tional banks In accordance with the requirements of the act of May so. 1908. the amount is more than suffi- cient as security for the aggregate amergency currency, s5o0.o0o.00o au- thorized by that law. Holdings of bonds and other similar securities by national banks September l, showed investments of this character amount ing to sss.sss.542. The interesting fact Is disclosed that s2o,0oo.0oo is in foreign government and other bends
 Loanfng Power Increased.
 Based on the latest returns, the comptroller says the loaning power of the national banks has been increased as q result of the law of June, 1906, to the extent of e2 percent, although with surplus twice as great as the cap ital of the banks the authorized i'm crease is 200 percent. The law referred to increased the limit of the liability to banks from 10 percent of paid-in- capital stock to 10 percent of the capi- tai and surplus. the total. however, not to exceed 30 percent of the capital stock.
 By reason of the depreciation in the market price of government bonds dur ing the year the computed profit on the issue of national bank circulation i'm creased slightly The gross earnings of national banks during the year were Ss4s.6T4.35 from which losses and premiums were charged of to the amount of t4o.453.7o5,.. being 11.s per- cent Of the gross earnings, and s177,- osEsss expenses aaa .ts tsxses, the net ne, diyidends were paid amounting to ss2.- 9s3.4s9,
 Nearly So percent of all dep6sitors .n savings banks are reported in the New England and Eastern states and little more than S1 percent of depos- It's sin this class of banks is held by savings banks in these two geographi- a af iu capital stock of the banks of the Unit ed States including the island posses sions Is s1.s00,036.36S, an increase of about Ia percent for the year and over 7K percent above the amount re- ported on June 30th. lsoo
 asss Wealth of Banks.
 Last April in round amounts the na- tionai banks held s4.S2s. 900 in- divfdual deposits. savinks banks s.. 713,000.000. loan and trust companies $2,S35, ,000.o .ooo. state banks $2.+6s.000.- coo and private banks $i93,000,0 900. Geographically the individual deposits reported by banks In the Eastern states aggregated $S.047.000.ooo: in the New England states. s2.io6,000.000: in the Middle Western states. $3,i96, 900, 900: {: in the Southern states, $l.059. 900 600: in the Pacific states. tss7.oo0.000i in the Western states. $700.000. 900; and In the island possessions. $2s.000,000.
 Deposits amounting to over $4,92s.- 100000 or s5 percent of the total ir- .dividual deposits in all banks were savings, and in addition over s1.21l.- 100000 were time deposits. The in- dividual deposits subject to check az .gregate over $6,956. 500, ,000. demand cer- .tificates Of deposit over $s25, 100000 and the aggregate of other minor classifi- cations over $3lbs900.000.
 Banks in the New England states held, in, round amount sss.300,0o in ac- tuai cash: those in the Eastern states, Sfo5,So0. .oo0;! in the Middle Western states, ..ss7s, ,4O0.000; in the Western states. s71.0o0,oo0;! in the Pacific states,