Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-01-03
'DAUPH|N BANKING
RANKS VERY WELL.
Over $l4,000,O0O ON Deposits in
Trust Companies andk
the State Banks
MIR. SMITHS GREAT REPORT
Remarkable Gains Made in De-
posts and in Business
in the Last Year

|
companies and State chartered banks
have asets of over $4,000, 900 and de-
posits of more than s14.O00,000. ac-
cording to the report of State Com
missioner of Banking William H.
Smith showing the condition of the
vision on November 1.
| The figures for the State are most
impressive, Dauphin and Cumberland
counties having fair share of the
business.
The figures taken from the tables
show that this county ranks very high
in it's banking activities and that there
are enormous resources. The figures
| in detail show as follows:
Dauphin County
Trust companies, 10; assets, $15,-
746,5S6.41; deposits, $10,991, ,SS5.73;
depositors, S7,s27; capital. s2,O75,O00;
surplus, s1,so5, 900; trust funds, IS,
S1.930.99; corporate trusts, $49,1S0,-
600.
State chartered banks, 10; assets,
,
depositors. 1879; capital, $571,650;
surplus. s449,000.
Cumberland County
Trust companies, 8; assets, s2.912,-
96715 depositors, 12,607; capital,
100000; surplus. $4,000; trust
funds, sS90,957.93; corporate trusts,
S6,014,700.
State chartered banks, 1; assets,
n
ital, 100000; surplus, 100000.
Report For State
The 475 banking institutions under
control of the State Department of
Banking on November l, 1918, showed
deposits on that date of sS92,5S2,-
S65.06, or a gain in the year of $52,-
657, 7,54S.61. The number of depositors
increased from 2,000,57S to 2,1S1, ,764.
The resources of the institutions
jumper s65.6S9, 1862. The report
summarizes the operations of 292 trust
companies, 172 State banks and IL
savings institutions, national banks not
coming under State control. Philadel-
phia is shown to have seven of the
eleven savings institutions, which have
enormous deposits. Allegheny county
leads the counties with State chartered
banks and trust companies, having 80
State banks and 81 trust companies.
Philadelphia is second in the list of
trust companies with So, Westmore-
land county third with IL, and Dau-
phin fourth with 10. Lackawanna
county is second on the list of State
banks with 10, LRerne third with 49,;
Philadelphia fourth with IL, and Dau-
phin fifth with 10. An interesting fea-
ture of the report shows that these
counties have no savings banks, trust
companies or State chartered banks:
Bradford, Cameron. Forest. Juniata,
Montour, Perry, Pike, Sullivan, Sus-
quehanna and Wyoming.
Deposits made exclusively In savings
accounts grew from $3.50, 0,135,S3S.35 to
$327,220,7S6.06. Trust company saw
1897, a gain of S2O,000,000 in round
numbers; State banks savings ac-
counts at s56,4S1.321.37, gain of
over $5,000,000, while savings institu-
tions are shown to have advanced
from 4,732,S93.S2 to s206, $780,
301.62, a gain of nearly S12,000,000.
The advances in all forms of de-
posits. including savings funds, were:
Trust companies, $477,030,007.44 to
0,515, 444.8S.
State banks, s165,s71,5s6.SS to
Savings institutions, s17s,O2S,222.1S
to $209,112.741.17.
The gain in depositors is shown to
have been distributed as follows:
Trust companies, 955,6S7 to 1887
394.
State banks, SCI, ,424 to 597,661.
Savings institutions, 4S3,467 to 1885,
ZOE.
1t will be noted that the trust COM
panies gained two-thirds of the total
increase. Trust companies are also
shown to have enjoyed great increases
in trust fund matters. The total
shown by the report aggregates the gil
gantic sum of $1,0S7,849,02S.95, an
increase of over $S4, 400, 900 in a sin
gle year. State banks trust funds
jumped from $4,010,229.96 to S6,O16,-
116.42.
The corporate trusts increased from
s3.463, 440,992.72 to s3,552,9O6,S "a,
this being line of business handled
by the trust companies alone
The postal savings funds are shown
in detail on the report. The trust
companies hold 7S7,572.S4 of this
class of business, a gain of nearly
$360,000, and the State banks $685.
907.55, as compared with s3S,95546 "a
year ago.
The total gains in resources are
shown to have been from $11S5,61S-
1854 to s1,251, sos, ,562.16, or a gain
of $65,6S9, 1862. The gains by classes
are shown to have been:
Trust companies, from S754,564,-
411.61 to $799,472,306.9S
State banks, from s210,411,191.2 to
7.909.733.79.
Savings institutions, from s22O,623,-
172.46 to $233,926,521.39.