Evening star., 1914-04-09

is not a reserve city. the banks and
trust companies in the thirteen southern
states had on deposit IN the nationai
banks of Richmond February "A, l9l4.
s9.s76,OOo or slightly more than these
same banks had on deposit In the city
of Baltimore. and four times as Hluch
as they carried in Washington, Which
two cities have long enjoyed the pene-
fits of being reserve cities That south
ern banks should carry larger balances
in Richmond where they could NOT De
counted in their reserves rather than IN
Baltimore or Washington, where 'hey
could be counted, is suggestive
Richmond Per Capita Greatest.
THE statistics also show that the
capital and surplus of all reporting banks
national. state, and savings and trust
companies-per capita in Richmond as
of June T. 1913. was s131, against $50 IN
Baltimore, sss in Washington. and $50
in New Orleans. while the loans and
discounts made by all banks and trust
companies in Richmond, on the same
date, amounted to 1898 per capita, agalnst
$3.50 in Washington and s2l3 IN baIt-
more and S194 in New Orleans.
The amount of money which panks
and trust companies in the various parts
of the country carried on deposit with
Richmond. a non-reserve city, on feoruaIs
Il, 1914, amounted to $109Io,uOO- or nesfy
outside banks with the national banks OF
Washington. which on the same Gay
amounted to S5.516ooo. and one ana
half times as much as was carried on
that day by the national banks or Ne"
Orleans, a reserve city.
The statistics furnished the organiza-
ton committee show that on March t.
1914, the capital and surplus OF the ma
tional banks in Richmond per capita
amounted to more than twice as mucn as
tb. ,r1it al nd
national banks in either Baltimore OF
Washington and three and half times
as much as New Orleans. while the IN
dividual DEPOSITS of the national banks
in Richmond amounted to $20i per capita,
against $50 in Washington and $40 IN
Baltimore and $50 in New Orleans. me
loans and discounts in the national oanks
in Richmond on the same date were re-
ported at S279 per capita, against W IN
Washington and S10S in Baltimore and
s51 in New Orleans.
National Banks Rating.
.On March T. 1914. the capital and sur
plus of all national banks in Richmond
was So. 314. 900. in New Orleans. Sc. f3oOOo
in Washington, s11. 1865, 600. Loans and
discounts of national banks in Richmond.
same day, 1888, 600. in Washington.
s25, ,405 900; in New Orleans, ST., ,2S5.0OO.
In other words. the figures show that
the national banks of Richmond were
lending, on March 4, 1914. on loans and
discounts twice as much money as all
the national banks in the city of New
Orleans and 10 per cent more than all
the national banks of Washington.
4 lin capital and surplus of national
banks per capita Richmond exceeded New
York. Chicago. St. Louis, Boston and
every other applicant city having popu-
latiorl of as much as $4,000, except the
citv of San Francisco and one other.
.In the matter of individual deposits
the Individual deposits in the national
banks of Richmond per capita were great
er than those of new York, Philadelphia
Cleveland, Chicago and St Louis, ano
every other applicant city whose popula-
ton amounted to $1,000 or more, except
SAN Francisco Boston and two others
and were the same as those of Dallas
The loans and discounts Of the national
banks of Richmond FER capita exceeded
those of every other applicant city having
a population of $1,000 or more, save only
the city of Boston, and exceeded by more
than 80 per cent the loans and discounts
per capita of either Chicago or St. Louis
and were five times as great as New Or
leans.
Richmond Choice of Banks.
"As 1 have said. the federal reserve
act does not purpose to establish regiona
reserve banks to please few cities. They