The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1913-05-10
BANK BUSINESS
SHOWS INCREASE
GAIN OF s6,5s5,52o.2o IN AoGRE.
GATE BUSINESS SINCE THE
LAST REPORT.
DEPOSITS MAKE GOOD SHOW
Total Reserve Of $11,o32,61s.4a Over
Requirement Of Banking Law Car
rled by the $50 Michigan
Institutions.

Lansing, May lO.-State banking
Commissioner Doyle, in report,
shows that the $50 state banks and
trust companies in Michigan made a
gain OF $685.. 5000 in aggregate bust
ness since the last report, February
IA.
Not only has the aggregate business
increased. but loans are also looking
up and general indication that the
banks are prospecting is noted to-
tai increase of $6,76S,4S3.09 is shown
in loans made since February IA. 1913,
while a comparison with the report
OF the department for April is, 1912,
shows an increase IN loans of $27,-
391, 446.9S.
The total increase in deposits since
the February report amounts to S4,-
272,SS9.17, of which S355,425S7 was in
commercial deposits and $3,917 ,463.3O
in savings deposits. Capital stock in
creases amount to $647,42 over the
February report. AS compared with
the report of year ago deposits have
increased $20,3S7 .S49. 23-$6,2 10. 81
in commercial and $13, ,S733.36 in
savings.
Total reserve maintained in Michi-
gan state banks and trustOcompanies
on April 4, 1912. was 1891 ,719.4S, or
1911 per cent.
The total cash reserve amounted to
$22163, 67763 or 672 per cent.
These reserves are divided as fol.
lows:
Savings legal reserve, s35.939,141.4
or 1854 per cent.
Savings cash reserve, $12,2l0, 905.99
or 5.72 per cent.
Commercial legal reserve, $27.052,'
57S.O5. or 1925 per cent.
Commercial cash reserve, $685.
771.64, or S.55 per cent.
The total reserve carried by Michi
gan state banks Is, therefore. 81 ,032,
619.4S over the requirements of the
banking law.
Based on floating deposits of 1918.
335,475.92. the law requires mortgage
and bond investments Of at least $106.
437.S00.67.
Since the first Of the year Is new
state banks have been organized with
a total capital stock OF $290,o00. They
are:
The Au Ores State bank, Au Ores $50 on,
Newport State bank. Newport. 20.0ot
Peoples Savings bank OF Coopers
Vile. CoOpersville ,................... N,o0
PEOPLES State bank OF Caro-. 40. ON
hrenac County State bank. Omcr.... 20.Q0
Peoples State bank of Belleville... 1000
DaGgctt State bank Daggett......., 5000
First Com state bank, ROYAL Oak u, 0G
Watervlet State bank, Watervlct m 20 1
RomunIs state bank Romuus. -. 0O(
Rose City State bank. Rose city,. 20.el
State Bank of LnwOod. Linwood. L.. 20, 90
Port Austin State bank. Port Austin 2o.oo,
The following banks and trust com
panies have increased their capital
stock since the first of the year
Merchants Savings.
Battle Cree ........,",.s JO,cCo to s L., ~
City Bank, Battle
Creek ................. 100000 to 150.0O
fapeCr Savings bank. 1900 to %, ON
State bank, Freeport. 90o to 25.Oe
Highland Park State. 10000 to 1000
ROYAL oak Savings. 2OOo to 900
Peninsular State. Detroit 100000 loo, 00(
Saranac state, Saranac. 10000 to 5000
Rochester Savings bank 25OO to 5000
Kalamazoo city Savings 100000 to 4O,6s
Home Savings Dcnroit. 10000 to lWo,OW
State bank 81 Gladwin - 900 to 5000
Wayne County Detroit. 100000 to 100000
The examining staff of the depart
meht has made 33l examinations OF
state banks from January to May 8