The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-08
HEAVY GAINS SHOWN
BY NATIONAL BANKS
Comptrollcr's Report Says They
Are in Strongest Position
They Ever Were In.
RECORD POINT IN RESERVE
New York Institutions in the
Last Call Detail Growth
i'm All Items.

wAsurNGroN Feb. 7.--Comrtroller Of
the Currency John SHELTON williams an
nounced tonight that the national banks
on the eve of the installation of the
Federal reserve system are in n stronger
position than ever before in the history
Of the national banking act. He drew this
conclusion from statistics compiled as a
result of the call issued on January IL
for national bark statements
Mr.. williams and all officials of the
Administration rejoice that the reorgan-
ization OF the currency system may be
undertaken with much optimism so far
as the condition OF the member banks is
concerned.
The Comptrollers statement was as
follows:
''The final figures as to the condition
OF national banks under the call Of
January ID. 1914, show that the national
banks throughout the country held on the
date OF the call cash in their vaults
amounting TO ssS1.9l9.420 or $31, 422,0 900
more than the previous high record point
reached on February 20. 1912. thus piac-
ing them I'm n stronger position than ever
before to meet requirements OF the Federal
reserve act.
"The total reserve Of the national banks
on January 49, 1914. was $1,570.75o,770
being s137,963,lu more than was required
and the highest reserve on record.
1.-The individual deposits Were shown to
be s6,o72.064.I52, being also the highest
point ever reached The Individual and
Government depusitv. not including bank
deposits. exceed the sum total OF loans
and discounts by $3.2OO,O00.
Reduction In Discounts.
"'rhe total amount OF notes and bills
discounted AMI bills payable was $72.
SOC 600. being reduction as compared
with the October cali Of s21.S53.000. Gov
eminent deposits with the national banks
show a reduction as compared with the
October call OF s6.212.O00.
Loans and discounts are reported at
s6.l75, iO49Gl, being a reduction since the
call of october II. 1918. of sS5.472.s92.
Cash In vaults shows an increase as
compared with the call of october 81.
1918. of s922s6.966 and as compared with
the call of February 4, 1913. an Increase
q s4S,502.lS9.
since the call Of October 81. 1913. the
reserve percentage has risen from 2i7l
20 27.40 in the central reserve cities from
24.s6 TO c6.o1 in the other reserve cities
and from 1853 to 1885 in the country
banks The central reserve cities hanks
therefore have accumulated the largest
percentage OF reserve, an Increase of
e52.3i2.7sl since the last call.
THE total increase in individual de-
posts. as compared with the October call.
was s20.315,000. The New England States
showed reduction in Individual de-
posts of s7.7S3oO0; Western States n
reduction of s5.147.o00, and Pacific States
and Hawaii a reduction OF 1851. 900. while
the Southern States show an increase of
SEQ. 100000: the Eastern States an in
crease of $3.50 00O and the middle West
an increase of S1.3SS.O00
The largest gain in cash is shown in
the New York city banks. sil,93S. 600. The
Increase in the Western States was S2o.-
$4,000. The Increase in the southern
States was only s4.9iS. 900 OF the total
cash increase of s92,2S6,y66.
Biggest LOnn Reduction In East.
"Of the ss5.472. 900 reduction in loans
si7.O51. GOO took place in the middle West
ern States, sl6.503.000 in the Southern
States and st5.15s. 900 in the New Eng
land States. while the Eastern States,
including New York city, show an in
crease OF S5S2. 1000. The Western States
show a reduction OF $4,000 and the
Pacific States including Hawaii. reduc-
ton of $500. O00."
This additional statement issued by the
Comptroller gave the resources and La
6ilities of the banks: