The Washington herald., 1912-11-16
Local Financial Matters

investments with moderate freedom.
Sales on the exchange yesterday were
unlmportant,. as may be judged by the
fact that Graphophone furnished more
than half the transactions. The talking
stock was strong.
Many important building operations
await financing. Trust companies and
other lenders are cautious on realty
these days. 81
The change in administration with at
tendant disturbances Is too near at hand.
Moreover, in times when there is a real
stringency, liquid assets are much de-
sired and real estate and building loans
are not as easily turned into hard cash
as other collateral.
1t is no belittIing of security-just self
protection in times when the banks find
money largely employed.
Comptroller of the Currency Murray
has been able to make a most satisfac-
tory and satisfying statement of banking
business of the United States, as OF
June H. 1912.
In this statement are the totals from
every reporting bank, State and nation
al, and statements as well from trust
companies and private banks.
In a way IL Is an epitome Of the bank
The average capital Of national banks
is $4,000: OF State banks, $4,000.
For every bank under national super
vision there are three under State espion-
age.
National banks to the number of 7,s72
have a capital OF 81, OS3, 900 900. Aggregate
capital of 1854 reporting banks other
than under national supervision have a
capital of $9T, 81, 900. This. and $4,000, 900
-.
makes the banking capital 5000, 4S3, 900.
Nonreporting banks number 1850. Ma
tional banks have equal capital with all
other banks. -..
Individual deposits in national banks,
S, SIS 900 0Oo-in other banks, ST. 196, 900, 600
National banks hold So per cent OF the
cash in all banks. Individual deposits in
., 176 reporting banks. 81 1854 IA.
The cash holdings of national banks
average Il per cent of Individual deposits,
while cash holdings of all other banks
Including mutual savings) are only 5
per cent, and excluding mutual savings a
little over I per cent.
National banks have about Il per cent
of their resources invested in bonds. Sc
curities, &c. while all the other banks
have an average of "a per cent so in
vested.
The percentage of loans to resources is
about the same for each class OF banks,
being 50 per cent for national and IS per
cent for all other banks.
The surplus and undivided profits of
national banks Is % per cent of their
aggregate capital. For all other banks,
excluding mutual savings banks, the per-
centage of surplus and undivided profits
to capital is the same.
Taking fOur-year periods II appears
that during the past four years the In
crease in bank resources far exceeds that
for any like period in the country's his
tory.
During the four years ended June, 1912.
resources of the banks have increased
from $19,5SS, 900 to SASS 100000, an in
crease of s., DC. O00,0 900.
The nearest approach 10 this increase
was for the four years ended June, 1904,
when the aggregate resources of all re-
porting banks were about 81 5000, 900
greater than the amount reported in
1900
The amount of deposits held by the
banks has likewise broken the record.
The increase in individual deposits dur
ing the four-year period from 1903 to 1872
amounts to s4,2S9. 100000.
The next largest increase during four
year period was June, 1904, to June, lSOs,
when that increase showed S2.74S.o0O,coo.
Loans and discounts increased since
June, 1903, by S,5l1,OtO,Vyu
The reports submitted by the banks
show their condition at the close of
business June Il. 1872. The bank report
ing number 25.176 viz: 1872 national
banks 1881 State banks, 1872 savings
banks. l.G9l private banks. and LAO loan
and trust companies, being 74 more
banks than reported last year. There
are about $500 banks. chiefly brokerage
concerns with an estimated capital of
so, CO., 900, from which no reports can be
obtained.
A summary of the reports of condition
submitted by all these 25.I76 banks, as
of June II 1872. shows resources ag-
gregating S24 $50, 10000 against s23. 631, OO0.
600 reported by 24392 banks in June, 1911.
Loans and discounts aggregate Sl3903,-
COO. 900, against S13,O46, 10000 in 1911. cash
in bank, S1,5T3 100000, against $1.554. 200. 600
in 1911: capital 500, 500. 900, against ST.
$50. 10000 last year. and Individual de-
pOsits. S17O24,O 200, 0o0 against $15.9C5 600.
The increase in these itemS during the
year is as follows: Loans and discounts.
1907, 900 900; cash in bank, $4,000. 900: Capri
tai SIS, 10000; deposits, S,l17. 10000, and
aggregate resources. $, 355, $1,000
The savings deposits in all banks to-
tails approximately s6.4So.COO,OO0.
TIE. SAVINGS. PRIVATE RANKS IoAN