The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1913-12-08
MORE BANKS and
DEPOSITS LARGER
Earnings Of Banks Greater During
Past Year = Savings Deposits
Increase Seven Per Cent
Six Failures in Year
TELEGRAM by United Press.

Telegram by United Press
Washington. Dec. s.--There is plenty
Of money in the United States. Peo-
pie are apparently saving more than
they used to. And the hanks as a rule
arer icher.
These were the salient points in the
annual report Of the comptroller Of the
currency, submitted to congress today.
The document is replete with statis-
tics of dazzling millions. 1t shows
that on June 80 last if all the money in
circulation. exclusive OF the treasury
reserves, were divided among the pop
ulation, every citizen would have
sS4.56 That per capita wealth is
greater than It has been for mum
Der OF years.
II the wealth in the treasury were
divided among the people every man
would get $3.50 That is the highest
per capita amount since 1908.
In number, capital and deposits. the
banks Of the country have grown con-
siderably since a year ago. On June
80. 1912. there were 2S,995 banks, with
s.. ESQ s43, sos capital and Sl7lal, ,o67,-
COG deposits. A year later the totals
were: Banks, 29,254; capital, s2,l61,-
$40 SCI; deposits. $l79S5. .764. 1874 More
the banks have made more money.
Based on capital and surplus, the gross
earnings OF national banks during the
fiscal year were greater by over two
per cent than during the prior year.
While standard and other securities.
necessitating a cut in the undivided
profit account OF the banks, sharebold-
ers of national banks received dsSi-
dends at the average rate OF ia per
cent, as against an average OF 11.01
per cent for the prior five years,
Acting Comptroller Kane points in
his report to the gigantic increasing
banking activity in recent years. Since
1900 the number Of banks in opera
ton has increased by over 100 per
cent, and their volume Of business. as
indicated by deposits, shows an in
crease of over 1873 per cent The bank
ing power Of the United States in 1913.
as represented by capital. surplus and
other profits. deposits and circulation
of national and other reporting banks
together with the estimated amounts
of funds Of this character in non-re-
porting banks. is S23.1Sl.545,43S.
afainst S22.54S. 7O6.SSe in 1912
Savings deposits" Comptroller
Kane asserts. ARE supposed to repre-
sent chiefly the accumulation of wage
earners and other people of moderate
means, and by reason OF this fact sta
tistics are of special interest. Savings
deposits in all banks increased from
S6.496.l92,7O7 in June. 1912, to se.972.-
o69.227 on June 30 last The increase
was seven per cent
The aggregate deposits in all banks
on June 4. 1913, roundedly stated, were
sl7475,700.O00, so it wall be seen that
the savings account plays a big part
in the total Of bank deposits. 1t is es-
timated in the report that on June z
1911. there were 1TeO0,00O such saw
ings accounts, and it is probable this
| number has been LARGELY Increased
during two years. The average per
depositor reported from savings banks
in 1913 was s4sa07.
Kansas reported only six insolvent
national banks during the year ended
October 81. He made no recommen
dations for new legislation, declarine
such recommendations ''inadvisableT
in view Of the pendency in congress
just now of the currency bill.