Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1913-12-13

IS IN THE BANKS
Comptroller Of Currencys Report
Shows More People are Saving
Per Capita s34.55.

- HSt~ go RAhAtt4
Per Capita s3455.
There is plenty OF money in tie
United States. People are apparent
" saving more than they used to.
And the banks, as rule, are richer.
These are the salient points in the
annual report Of the Comptroller Of
the Currency, submitted TO Congress.
The document is replete with stats
tics of dazzling millions. 1t shows
that on June 30 last if all the money
in circulation, exclusive of the Treas
ury reserve, were divided among the
population every citizen would have
sS4.56- That percapita wealth is
greater than 1t has been for a num-
her OF years.
II the wealth in the Treasury were
divided among the people every man
would get $9.5S. That is the highest
per capita amount since 1903.
$f7,e35,764,t 1874 in Deposits.
In number, capital and deposits,
the banks of the country have grown
considerably since a year ago. On
June 30, 1912, there were 1896
banks, with $1,000 43, sos capital and
81, 494,067, sos deposits. A year later
he totals were: Banks, 29,254 cap
ital, $2,161 ,849,S61; deposits, $17,135,-
764,134.
Moreover, the banks have made
more money. Based on capital and
surplus, the gross earnings of ma.
tional banks during the fiscal year
we're greater by over 2 per cent. than
during the prior year While there
has been a notable depreciation in
the market value of standard an1
other securities, neeessitating eat
in the undivided profit account of the
banks, shareholders of national
banks received dividends at the aver.
age rate of ia PEI cent, as against
an average of 110i per cent for the
prior five years.
Business Has Increased 1873 Per Cent
Acting Comptroller Kane points in
his report to the gigantic increasing
in banking activity in recent years.
Since 1900 the number OF banks in
operation has increased by more than
1909 per cent, and their volume of bis
mess, as Indicated by deposits, shows
an increase Of more than 1Ss per
cent.
The banking power OF the United
States in 1913. as represented by
capital, surplus and other profits, de-
posts and circulation of national and
other reporting banks, together with
the estimated amounts of funds OF
this character in non-reporting
banks. is $2S ISL ,545,4SS, against S22,-
54S, 7O6,SS5 in 1912
Savings deposits Comptroller
Kane asserts, "are supposed to rep
resent chiefly the accommodations Of
wage-earners and other people OF
moderate means and by reason OF
this fact statistics are of special in
terost. Savings deposits in all banks
increased from Sc, 496,192, 7O7 in June,
1872, 10 S6,972,O69,227 on June 80
last. The increase was per cent
100000 Saving Accounts.
The aggregate deposits il all
banks en- June /. 7el3, roundly stat
ID were STATISTIC coo, SO it viii oe
seen tlat the savings account plays
a big part in the total Of bans de-
posits. It is estiHia ed in the report
that on Jtne I, III, there were IL
10000 such saving accounts, and it
Is prob Tie this ltmber has beet
largely increased curing two yefrs
Tho average de?os'itor reported
from savings banks in 1913 was
s43a OF
Kane reported oaiy six nso'ver'
national banks during the year ended
October 81. He made no recommends
lions for new legislation, declaring
such :ocommenaa. "inadyisable'
il. view If the gealcney in congress