Evening star., 1912-11-16
BANKS SHOW BIG GAINS
FOR PAST FOUR YEARS
Summary of Their Condition
Compiled by Controller of
Currency Murray.

Controller Of the Currency Murray has
made public a summary Of the reports Of
condition as Of June IA. 1912. compiled
from statements received from state
banks, savings banks. private banks and
loan and trust companies, together with a
consolidated statement Of the resources
and liabilities Of all reporting banks, state
and national, as OF that date.
This is the most satisfactory summary
Of banking reports ever compiled in the
Office Of the controller of thecurrency,
and. by comparison with similar data for
past years, indicates an unprecedented
growth in bank resources during the past
four years, 1t is stated. For every bank
under national supervision there are
about three under state supervision. The
average capital Of national banks is $lfO.
600, and of other banks about $o5,OOO
The aggregate capital OF the 1872 ma.
tional banks is $1.O330 100000. The aggre-
gate capital of the 17,S04 reporting banns
operating outside of the national system
is S977OJO,OOO, and including the S1O,OOO.-
OCO capital estimated for the 5000 non
reporting banks 1t amounts to $1.041,-
100000. 1t will be seen that the capitai
of the 1872 national banks about equals
the capital of all the other banks of the
country.
The Individual deposits in national
banks are about one-half the amount OF
such deposits in other banks. being So,-
S25, 5,00O,O 900 against $11. 19S,OOO,OOO held by
all other reporting banks
Hold Greater Amount Of Cash.
National banks hold 63 per cent
Of the aggregate amount of cash in all
banks. The cash holdings of national
Of individual
deposits, while cash holdings of all other
banks dncluding mutual savings) are only
) per cent, and excluding mutual savings
a little more than7 per cent.
National banks have about II per cent
of their resources invested in bonds. Sc
curities, etc, while all other banks have
an average Of "a per cent so invested.
The percentage of loans to resources is
about the same for each class OF banks,
being 55 per cent for national and DO per
cent for all other banks.
The surplus and undivided profits of ma
tional banks are 92 per cent OF their ag-
gregate capital; for all other banks, ex-
cluding mutual savings banks. the per-
centage Of surplus and undivided profits
to capital is the same.
Taking four-year periods, it shows that
during the past four years the increase
in bank resources far exceeds that for
any like period in the country's history.
During the four years ended June. 1872,
resources Of the banks have INCREASED ere
increase of So, 5,4O8, 100000. The nearest
approach to this increase was for the
four years ended June, 1904, when the ag-
gregate resources of all reporting banks
were about 81, Ala, ,OOO. 900 greater than the
amount reported in 1900.
Deposits Break Record.
The amount of deposits held by the
banks has likewise broken the record.
The increase in individual deposits during
the four-year period from 1908 to 1912
amounts to s., ,o39 100000. The next larg-
est increase during four-year period
was June. 1901 to June. 1908. when that
increase showed 50, $4,000. 600.
Loans and discounts have increased by
So, ,515, 100000 since June. 1908, the next
highest increase being 81, ,456. 100000 dur
ing the prior four-year period.
Statistics for banks outside of the ma
tional system since 1908 have been COM
piled from uniform report adopted by
the office of the controller of the cur
rency. Individual statements for date
concurrent with the midsummer call on
national banks beginning with 1909 have
been furnished by the state and private
banks through the courtesy and assist
ance of state bank superintenden.s. Prior
to 1909, statements for state banks were
furnished the controller for varying dates,
and there was no uniformity In the form
of report, many valuable details such as
classification of cash, Of bonds and of
deposits being lacking.
1t is due to the courteous cooperation
of the heads of the banking departments
of the various states with the controller
that it is possible to present such COM
plete statistics relating to the banks of
the country.