The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1911-02-25
INCREASE IN BANK DEPOSITS
Total in Trust Would Give Every In
habitant S207.Ss

statement prepared by Bank Commits
siOner +. c. Williams on the condit-
ion OF Vermont savings banks and
savings banks and trust companies at
the close of business December 81,
1910. The 1856, $50 residents of the
state have in savings deposits in the
u mutual banks S4S,779.752.97, In the
trust companies, $23,16S,90S66 and
the grand total is swelled to $73.S22,-
05442 by the savings deposits OF 81
tS41,229.75 which the comptroller OF
the United States treasury reports in
81 of the 81 national banks in the
state.
These figures mean that II Is pos
sible for each man, woman and child
in Vermont to have $2073S in the
bank. The total increase in savings
deposits for the six months is $1,615,-
S31.96.
The aggregate resources and liabil-
tiles of the 80 mutual savings banks,
and savings banks and trust compan-
les at the close of business, Decem-
Der 81, 1910, and the comparison with
the reports of the same, at the close
of business June 80, 1910 is given as
follows
Resources
Mortgages on Vermont real estate,
December 81, 1910, $15;S51, 051.5S in
crease over June 80, 1910, 1892, S04.13
Mortgages ON real estate elsewhere
December 81, 1910, $31 1851 65O.S7 in
crease over June 30, 1910, Sl,151 ,031.-
SO.
Loans on personal security, Deem
Der 81, 1910, $7,154770S4; increase
over June 80, 1910. $4,S5917.
Loans on collateral security, Dec
ember 81, 1910 $3,133,79O.7S; increase
over June 80, 1910, $77,641.72.
Loans to towns, villages and cities
December 81, 1910, S92S,474.2S; de-
crease below June 80, 1910, $522,14S.-
IN.
United States and municipal bonds,
December 81, 1910, S13,09S,242.56 in
crease over June 80, 1910 $65,272.9O.
Real estate, December 81, 1910,
$646,19S 90; increase over June 80,
1910, $53,965.OS.
Miscellaneous assets, December 81,
1910, $752,S55.33; decrease below
June 80, 1910, $67,3951S.
Cash on hand and in banks Deem
Der 81, 1910, $4,4OS, 5000; increase
over June 80, 1910, $755,97O06.
Total resources, $77,231 ,6O0.92; net
increase, $1,S52.OO13O.
Liabilities
Capital stock of 30 trust companies
December 81, 1910 $1,450,OO0.
CatfparC - L..
December 81, 1910. $43, 779, 1921; in
crease over June &c. 1910, 1851, 075.55
Savings deposits of trust compan.
les December 81, 1910, $23,S16, 9OS.66:
increase over June 30, 1910, S75S, 1866.
= A.
Commercial deposits OF mutual
4, banks, December 81, 1910, $56, 5652S;
decrease below June 80, 1910, $1,S56.
2 GA.
, Commercial deposits OF trust com
= panies December 81, 1910 S2,966, 607 O..
%; increase over June 30, 1910 Sill,
625.97.
Surplus and profits December 81
1910, $4.399, 636.66; increase ovei
/ June 30, 1910, S397,762.95.
Miscellaneous liabilities, December
81. 1910. S762,135.O7; decrease below
| June 30, 1910, $27l ,362.94.
Total liabilities, $77.231, 6O0.92; ne
i increase S1,S52,OO1 30.
Accrued interest is not computed
in the above abstract. The last leg
\ islature amended the law so as (,
eliminate accrued interest in compu
ting surplus.
| Changing In Banking Laws.
| The following are some of the chan
ges made n the banking laws by tn
last legislature:
! The local tax upon the excess o
$4,000 of individual deposits was re
pealed and the limit of individual dc
| posits was removed as to all stat
| banks.
The local tax upon funds and secul
| tiles. held in trust by trust compar
les by order Of court or otherwise wa
! repealed.
| Mortgages on real estate In an at
Joining state. within 20 miles OF tn
bank making them, may be treate
a8 Vermont loans.
VI Mortgage loans on real estate ma
be made TO n person, partnership @
corporation, Creating loans to eac
[ partner as loans to the partnership
6 to the amount OF $4,000 and may
increased one per cent of the depoI
its in excess OF 1,000,000.O0.
Railroad bonds which comply wit
certain requirements OF the act an
made legal investments for bank
and the commissioner is required 1
certify those which meet these r
quirements, which will be done 8
! soon as possible
y Investment is allowed in stocks
- national banks in the New Englan
- states. and the state OF New Yor
Z and In banking associations and tru,
companies of this state:s but no ban
shall hold bank stock both by way
investment and as security for loan
In excess of 10 per cent of it's depo
Ok Its, nor in any one bank more tina
five per cent Of its deposits or moi
- than $4,000 or more than ten D,
cent OF the capital stock OF any OF
bank
" A bank may deposit on call in ban
y ing associations or trust compani,
approved by the bank commission,
Of this state and under the supervl
ion OF the state or federal authorIt
- in this state or I'm the cities OF Ne
IN York, Boston, Chicago. Albany, Phil
delphia, or Concord. N. H.. or in an
W other bank designated as a deposition
under the laws of the United State
n or In national banks In the cities
y st Paul, Minneapolis. and Kansr
n City. with or without interest as ma
be agreed upon, sums not TO excee