The midland journal., 1915-11-12
BANK RESOURCES
NEVER SO LARGE
National Institutions Overflow
ing With Cash.
OBSERVATION-DISCLOSURES
Shows Increases Of Many Millions In
Deposits and Nearly All Other
Items--75 National Banks
Added.

Washington. - Comptroller of ths
Currency John Shelton Williams an
nounced in statement that the re.
sources of the national banks at the
date of the last call were greater by
$424,000,000 than ever before recorded
and the deposits were $685., ,O00, 900
larger. Other returns also showed re-
markable increases.
The statement is as follows:
THE statement of condition of the
1913 national banks of the United
States as of September Q, 1915, is
especially interesting as indicative of
the expansion of business which has
taken place in this country since the
inauguration of the Federal reserve
system in November last.
''The total resources of these banks
on September exceeded by more than
$424000,00O the greatest resources
ever shown in any previous call in the
history Of the national banking sys-
tenn, and amounted to $12,267, ,090,429.
The increase in resources over the call
OF June %, 1915, was $471 100000. The
increase in resources over the call Of
September II, 1914, was $783,000,000
Loans and discounts, including let
ters Of credit and customers liability
on account of acceptances, amounted
to $6,825, 100000, being an increase
over the June statement of $165, ,000,-
600 and showing an increase, as COM
pared with September IL, 1914, of
$425, ,000, 900.
Total deposits, individuals and
banks, amounted to $9,22s, 100000, ex-
ceeding by 1897 100000 the highest
amount ever previously shown and be-
ing $408,000, 900 in excess of the total
deposits shown in the statement of
June %. The increase, as, compared
with September IL, 1914, was $1,o42,-
100000.
Bonds, other than United States,
and stocks owned aggregated $1,311,-
100000 on September 2, as compared
with $1,2S4, 100000 on June %, 1915,
and 1.O56,O00,000 on September 12.
1914.
Specie and Notes Increased.
Specie and legal tender notes held
by the banks September Q amounted
to $842,00O000, an increase of $751;
100000 as compared with June 90, and
a reduction, as compared with Septem-
ber IL, 1914, of only SCI, 100000, not
withstanding the faG that the banks
had transferred since September II,
1914, to the Federal reserve banks
$S15.000,000 for reserves and paid
$54,O00,000 subscription to stock of
Federal reserve banks.
Since September IL, 1914, there has
been an increase of rs in the number
of national banks and in their capital
of $S,000,OO0.
"The national banks of the country
reported on September 2, 1915. invest
ments in banking houses aggregating
$246,000,000 amounting on an average
to % per cent. of their total capital,
or per cent of their total assets.
The lawful reserve held by the ma
tional banks on September 2, 1915,
reached the unprecedented total Of ST.
100000, exceeding by more than
81, 100000 900 the greatest reserve ever
held by the national banks at any time
prior to 1905.
THE excess or surplus reserve
breaks all previous records and
amounted on September 2, 1915, to
$86S, 900, 900, being an increase, as COM
pared with June %, 1915, of $90,000,-
900. The increase, as compared with
September 12, 1914, under the old re-
serve requirements, amounted to $751;
900, 1000"