El Paso herald. (El Paso, Tex.) 1901-1931, 1911-12-07
BANKS Of j. s,
IN GOOD SHAPE
CONTINUED from Pase J.

are authorized 10 issue circulation to
the extent of the par value OF the United
States bonds deposited as security
therefor, and the reduction In the rate
of tax on notes secured by bonds bear
ing interest at the rate of percent,
the volume Of circulation outstanding
as reported by the banks during the
past year, is less by 80 percent than the
maximum amount issuable- On NOvem7
Der 10. 1910, the amount of bank note
currency outstanding was $3.50 Az, 4bo-
but increased on January z, 1911. 10
S684.135, SO4. declining on March ., 1911.
to $780, l2l, 243- Between this date and
June there was an Increase OF about
Sl,OO00O0. the amount reported out
standing being S6S1.740.513. but be-
tween this date and September I. 1911,
there was an increase to $696,982.OSS
This is the largest amount OF national
bank currency ever reported Outstand-
ing. and is nearly One-fifth Of the total
amount of metallic and other currency
OF the country. as shown bv the treas
ury circulation statement OF October 81
Bank Dividends.
Banks with a capital Of 100000 and
less than 100000 which paid the
highest rate of dividends-l1.S2 per
cent-also have the largest proportlon OF
surplus over 50 percent increased to
los percent by including undivided
profits. The cash held by banks in this
class averages 1881 percent Of the in
dividual deposits.
The banks with capital Of s5.OO0,00O
and over held 1885 percent Of surplus,
or 102 percent including undivided prof
its: the dividends paid averaged 9.4l
percent, or less than was paid by banks
in the second and third classes. This
class Of banks 90 held the largest
percentage Of cash reserve or 1912
percent Of their Individual deposits
Banks of class 4, capital S25O.O0O and
under $1,000. GOO had GAS percent OF
surplus to capital This class of banks
paid their shareholders last year an
average OF ga percent In dividends.
and held at date Of latest report 1l89
percent OF cash to individual deposits.
Banks in class 1. capital less than
$4,000. held a surplus fund OF PISS
percent Of capital. banks in class 2,
capital $50, 900 to S10O, 900, so percent.
and those in class 3, capital 100000
to S250,000, 62-23 percent. The banks
I'm class / paid their shareholders a lit
tie over S percent in dividends during
the past year, and banks in classes
and 3 paid 1850 percent and 1927 per
cent. respectively.
Individual Deposits in Banks.
Individual deposits in all reporting
banks In 1907 in round amount aggre-
year deposits aggregate S15,906,3OO 600,
an increase Of S2.S06. zoo, 900, or over
q percent. The increase for the cur
rent year over the amount reported in
1910 is S62S, 00O 600, or 4-GT percent In
1907. So percent OF individual deposits
in all banks was held BY national
banks In 1909 the percentage had in
creased 10 34.4 percent in 1910 to "a.
percent. but for the current year it has
fallen to S4.4 percent. Savings. banks in
1907 held 26.7 percent of the individual
deposits. which ratio fell to 264 per
cent in 1903, increased to Z6-b percent
in 1910. and decreased to 26.5 percent
IN 1911. The loan and trust companies
IN 1907 held 1877 percent@O Of individual
deposits. which increased to 202 per
cent in 1909. dropped to POI percent in
1910. and increased TO POI percent in
1911 State banks held in 1907 pa per
cent individual deposits. This ratio fell
to 17.6 percent in 1909, increased 10 17-9 (
percent in 1910. and fell TO us percent /
IN 1911