The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1915-11-11
|BANK RESOURCES
NEVER So LARGE
National Institutions Overflow
Ing With Cash.
COMPTR0LLERGIvESFIGU
Shows Increases OF Many Millions In
Deposits and Nearly All Other
Items-75 National Banks
Added.

Washington. - Comptroller OF the
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, 900, 900 than ever before recorded
and the deposits were $337,OO0,000
larger. Other returns also showed re-
markable increases.
The statement is as follows:
"The statement of condition Of tho
1913 national banks of the United
States as of September g. 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 2 exceeded by more than
$424,O00,000 the greatest resources
ever shown in any previous call in the
history Of the national banking sys-
TEN, and amounted to s12,267, ,090, ,429.
The increase in resources over the call
Of June 23, 1915, was S471, 900, 900. The
increase in resources over the call OF
September ~. 1914, was 7S9,OOO,OOO
Loans and discounts, including let
ters Of credit and customers liability
on account of acceptances, amounted
to $6,S25,00O,O0O, being an increase
over the June statement of S165,OOO,.
900 and showing an increase, as COM
pared with September IL, 1914, of
s425, 100000.
Total deposits, individuals and
banks, amounted to SO, 100000, ex-
ceeding by 1887 100000 the highest
amount ever previously shown and be-
ing s4OS,OOO,OOO in excess of the total
deposits shown in the statement OF
June 20. The increase, as compared
with September -, 1914, was S1,042,-
100000.
Bonds, other than United States,
and stocks owned aggregated S1,311,-
100000 on September 2, as compared
with S1,2S4,O00,000 on June %, 1915,
and S1,O56,OOO,OOO on September IL,
1914.
Specie and Notes Increased.
Specie and legal tender notes held
by the banks September 2 amounted
to sS42, 100000, an increase of $685.
100000 as compared with June 2S, and
a reduction, as compared with Septem-
ber -, 1914, of only S61, 100000, not
withstanding the fact that the banks
had transferred since September IL,
1914, to the Federal reserve banks
S315000,000 for reserves and paid
s54000,000 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 sS,OOO,OOO.
"The national banks of the country
reported on September 2, 1915, invest
ments in banking houses aggregating
S246OO0,0OO amounting on an average
to 2S per cent. of their total capital,
or 2 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.
969OO0,O00, exceeding by more than
,000000,O00 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
SS6S, ,OOO, 900, being an increase, as COM
pared with June 20, 1915, of $90,000,-
O0O The increase, as compared with
September ~, 1914, under the old re-
serve requirements, amounted to $751;
100000"