The star-independent. [volume] (Harrisburg, Pa.) 1904-1917, 1914-12-07
Pennsylvania Banks in
VERY HEALTHY CONDITIONS
Banking Commissioner Smiths Report
Shows Resources In State Institu-
nons Increased 1927 100000 Over
the Year 1913

Pennsylvania banks are in +, nro.+,,
healthy condition and GROWING bealt5.
ier every year, as the State BANKING
Dopar1meht shows, and last year the re-
sources increased $I27,000,OOO over
.nose ol 1913, which is right tidy sum
TO nave within the confines of the old
money,
state Banking Commissioner Smith
gives some very interesting figures in
mo Tia report Just filed with Governor
i.ner' showing the conditions that ex-
is!eu % oh November 2, last, as compared
1913. sunni ua'e Ill
Commissioner Smith 5 report shows
.hat II savings institutions. 179 state
oanAs ana S9i trust companies had to-
sai resources in 1914 of $1.37S.644.
9od'.S 8, as compared with $1,151,S0S'-
ooS.d6 IN 1913, an increase of S127,-
The savings banks in 1914 had re-
sources of S242,575,3S4.94, as com
pared with $2S3,926,521.39 in 1913.
an increase of sS,64S,S63.55. The
number of depositors grew from 396.-
ao9 to 49S,977, an increase of 1868.
deposits increased from S2O9,l12..
a4I.la to $217,OS7,377.72, or ST..
974,636.55.
resources of State banks increased
from $217,909,733.79 to S224,369.-
02S.SS, total increase of s6,459-
29o.o9, and the depositors increased
from 597661 to 6S4,102, a total in
crease of depositors of 36.441. The
amount of individual deposits in State
banks in 1914 was $94,575,443.64. n
decrease of S,647.S5 from 1918.
On the other hand. savings fund de-
posts in State banks increased s5.-
O49, 9,lSO.S6 from S56,4S1,S21.37 in
1913 to $61,520,502.23 in 1914. and
trust funds showed an increase of
S5lo, ,397.15, the total for 1914 being
So,55 ,ol4.17. State banks paid divi-
dends III 1914 aggregating S1,492,-
Trust companies in Pennsylvania in
1914 reported resources aggregating
M l, 700, ,537.96, as compared with
Sf99,412,3O6.9S in 1918, total in
crease of $12,22S,23O.9S in one year.
The number of depositors also increased
from 1,0S7,394 to 1,1S2.S4S, an in
crease of ,4SS depositors in one
year. The amount of individual de-
posits, however, fell of s5,3s9,719.S3,
the aggregate in 1914 being SS79, ,0S7.-
| 66S.O7. On the other hand, savings
| fund deposits in trust companie3
jumped from S124,079,113.07 in 1913
to 1892, ,4G3.075.32 in 1914, an in
crease of $S,3S3,9S225.
Trust funds in truso companies in
creased 3,004,246.2S during the
year, there being on hand November
2, 1914, an aggregate of SLIGO, ,S53,-
| 273.23. The aggre rate trusts admin
istered by these institutions from S3,-
532,90S.54 in 1918 to $3,630,495,-
! SS2.2S in 1914, an increase of S97.-
| 5SS,9S2.74. The trust companies dur
ing 1914 paid dividends aggregating
| $11,331,693.
! The growth in postal savings is in
dicated by q large increase in the
United States postal savings fund de-
| posits. In the State banks these
amounted to $9S,907.55 in 1913 and
S1S3,240.3S in 191 an increase of
| $S4,332.S3 In trust companies the
postal savings fund deposits in 1913
were $7S7,572.S4 and in 1914 they
had grown 10 $1,213, ,447.29,> an in
crease of $425,S74.45. Postal savings
funds are alsc deposited in national
banks, which institutions are not in
cluded in Commissioner Smith IS report.