The Birmingham age-herald., 1914-11-14
ALABAMA BANKS TOTAL RESOURCES
 $145,1l2,576.3l Examiner German Submits
 Report to the Chief
 Executive ONLY TWO FAILURES OCCUR DURING YEAR Receipts of Banking Department Arr 0-Superintendent Walker of Department Complimented for His Work


 Montgomery November 1s.-tspecial)
 Total resources of the sS9 state and na-
 tional banks doing business in Alabama
 are sl45,l12.57S. .sl, while the capital stock
 of these institutions is s2s 62s,ss4 76. ae-
 cording ca Examiner of Public Accounts
 J. T. c, who has made an examina
 tion Q ESS books and accounts of Alex
 " SS state superintendent of banks.
 Exs ~ German reported Superin-
 ter g $ Walkers books correct and
 D % the efficient manner in which he
 scharged the duties of his office.
 receipts of the banking department she past fiscal year were 5000, derived
 m assessment of state banks. The
 .sbursements of the department includ-
 ing salaries and other expenses. were
 Si1, 7Ss .o9
 Two Banks Fail
 During the past fiscal year there were two bank failures in Alabama the Peo- ples Bank and Trust company of At more, whose capital stock was szl .o0O
 and the Bank Of F'lomaton, whose. capital stock was si5,ooO.
 Superintendent Walker dovotes his en- tire time and attention to the super enforcement of the provisions of the law
 and his administration of this depart | ment of the state government has been re-
 markedly successful said Examiner German in concluding his report. Tho report in full follows: "In obedience to instructions received from the executive office. I have ex- amined the books, accounts and vouchers
 of Hon. A. E. Walker, superintendent oi
 banks. from october l, 1913, to septein-
 Der 30, 1914
 The banking department of the stat' of AiAbanla was cinatsd' as sets.rat'
 and independent department of the stat,
 government under an act approved Marcf
 ?, 1911.
 Prior to that date the supervision oi tne, state banks were under the iuris. | diction of the treasury department. "The law provides that this department must be furnished an office at the capi- tai and the state pays all necessary ex- penses for the transaction of its busi- ness.
 Superintendent Salary The superintendent of banks receives salary of ss6oo per annum. and makes
 bond for s25,00o for the faithful perform ance of his duties.
 There are two bank examiners, who each receive n salary of $500 per an. | mum, and an assistant to the superin. | tendent, who receives a salary of 5000 per 1 annum.
 Each examiner and the assistant lnak, | bond in the sum of s10,000 for the faithfu performance of their duties This makes the total salaries of thi. department sS20o.
 l In addition to these officials there is a banking board. compose dof the super. | intendent and Hons. E. J. Buck and G ] A. Searcy.
 These two members receive s25 per day while in session. but must never receive | over s10o per month for their services. 1 Section of the banking law provides | that the state banks shall pay annually into the state treasury certain amounts based on the capital surplus and undi- vided profits of the respective banks to assist in defraying the expenses of the l banking department. Books Correctly Kept l The books of the department are cor rectly kept, and its financial affairs are | economically administered. 1 All of it's receipts and disbursements are made through the auditors office. | The receipts and disbursements for the fiscal year ending September 3o 1914. were ! as follows:
 RECEIPTS. 1 Assessment state banks ............S 9,990. .00 DISBURSEMENTS, | F. A. Walker. superintendent, sal ary ...................-...$ j, ,b0O Ot c. D. Boyd. examiner, salary. 1,S00. .0o | R. A. l.. Wilkes. examiner, salary 1,SO0. .0o I c. H. Lapsley, assistant to super- | intendent, salary .................. 1000 Ot Temporary clerk .................... 254.57
 Expenses of department .......... 3.2S4.62 l The following are the receipts and dis bursements of the department from its creation to September 3O 1914 1 RECEIPTS. l A ..o oc,,aay,f rf bo ,olxc goo d-u a,