Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-12-13
BANKS ENJOY
SOLID YEAR
OF GROWTH
RESOURCES INCREASE
TEN BILLION DOLLARS
Annual Report Of Controller Of
Currency Shows Unprece-
denied Condition Of Pros
pelity,


washington Dec. ~, Another year
81 prosperity ana solid growth FOR
the banks Of tie United states IS re-
corded in The annual report ~ the
comptroller Of the %cuFrencs. presented
% congress TODAY.
Not only the national hanlts which
come directly under tbe control aud
supervision 81 the currency bureau
IRE Included IN the repioW II banking
conditions. but state banks, awnings
banks. trust companies and 9thor IL
nancial institutions some 1890 oth-
ers-are represented.
Durina the risral year of 1910, TING
combined resources of the 1000 ma
tionai banks Of the United states
grew to approximately ten billion dol
lafa. ON September /. last, their loans
and discounts hnd reached SIC. tN0.00V,-
600 an amount never before |eanhlled
III the history oi tho national banking
system since its creation in 1864. Al
the same time they were counting
nearly $50, 600, zoe Of oyerdraits Ia
their assets, Is practice which there ~
no law "a stop
Combining an other banks In the
United slates and ifs stand possess
fione with those Of the national sys-
tenn aud allowing ~ estimate for
those not reported, Il IL evident from
thu coiuptrollcr's report that the
banking power of the nation has
grown IN the iaet ten years from 49,
ar Of al sorts ol banks with capital
on St,Iau,00p ,00n and individual le-
posits Of gS,6AS.0 zoe, 600, "a moro tharl
1900 bnnke with combined capital
close 10 So. 900. 600, 900, and indiVidu-
= 4 A.a.fs - 4...f ItE NM nm ma /
The deposits have more than doubled
IN little more than 4 deeade ana IN
tho same time the combined loans
ana discounts have grown 60 more
than Sl2.000.eG0 600.
The volume Of business Is reflected
IN reports from t27 clearing house OK
changes showing combined olearings
81 tiba. 000. 600, 600 for the year ended
on September 80, a. against s15S,-
500, 600, zoe for 1903. with the oNccp-
lions Of Cincinnati Houston, Greens
burg. Pm, Fremont, Ncb., Franklin,
PA Colorado Springs. Cello. aud
an Increased volume OF business trims
acted.
The New York olcNring house asso-
represented 90 per cent OF the
cienrinra OF all Hssocta ti8na OF the
country and during the current year
Inns reached S102. GOO, Goa, GOO. some
81, 200 b0e.0u0 creator than ia 1913
those enormous transactions hnl- |
ances 81 only little more Than $4,000 T.
600, 600 were used
-Four actual national hank failures
marked The year. final settlement
Of the aifnirs Of rs inaolvnnt banks
made ia which depositors rccciy-
"a nearly 50 per cent. These admin-
lstratians were made nt an average
cost OF five per cent on the collections
From the date Of the first Failure la
1859, OLD national banks have been
~ the hands Of receivers and
of them have been restored 90 SOLE
vcncy. More than S|3,3O0.000 In diNi-
denda WIS paid 20 depositors OF SOLE /
banks during the wear.
On the whole IL appears from tho II
that national banking couearv- /
ltelv conducted Is 3 profitable enter h
The net earnings of the 1000 {
national hanks during the year were ,
than SiGA,00A, 600, from which Ii
iisidrnds OF si0B, 600, 0NN We're paid Z
the rate ~ more than 10 per cent S
IA their capital The government. too
lnH profiteo nom the existence of the
national associations. for since their +,
snainning h hus received mere than +
f2o2. 600 coo. of which more than 90 +
cent tle been for circulation taSle
the haHk notes they issued ,
With the exception nf banks which %
awe hecome insolNont as a result of k