The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-11-01
Six and 0ne-HaIf Billion In
crease in Two Years.
Amount on Hand Unparalleled
in Country's History.
JUMP 20 TO 30 Per CENT
Excessive Reserve To Be Dis
tributed Over Entire C. s.
New York Banks Show De-
crease Last Four Months.

Washington Nov 1.-The results
of the annual compilation of state
nlents of condition of all the banks
and trust companies in the United
States have been made public by the
comptroller OF the currency Returns
have been received from 7513 insti-
tutions- statement issued by the
comptroller says:
4The growth and increase which
has taken place since the passage of
the federal reserve act in the deposits
and total resources of the banking in
stitutions Of the United States, includ--
ing all national banks. state banks.
savings banks and trust companies
turnout the country. have broken all
records and are without a parallel in
the financial history of this or any
other country.
This increase in aggregate re-
sources amounts to more than six and
than the total resources of all the ma
tionaI banks of the United States at
the beginning of the wear 1914.
The resources of the 25-s93 banks
and trust companies in the United
States in July. 1913 4 few months be-
i fore the passage Of the fe teraI reserve
act. were reported st S25.712. 0ee. 600
/ On July l. 1915 there were 27,513
banks and trust ompanfes whose ag-
I gregate resources amounted to s32--
. -
or 1881 per cent
I This stur endous increase in bank
/ ing assets and available capital has
/ been accompanied by tn unprecs-
T dented qufckering which has amount
ed in many places TO an outburst of
4 business activity in every state and
I in practically every part of every state.
I IS Per Cent in Middle States
The growth of the deposits of all
/ banks and trust companies since July.
F 1913 was only s31S, 0a6 600 less than
the huge increase shown IN their to-
+ tai resources. and amounted to So
241 coo. 900. or 81 per cent
I The increase in deposits in the
+ New England states was Il per cent.
/ IN the eastern states SO per cent. N
7 the southern states Is per cent. in the
+ middle states IS per cent, in the west
/ ern states 81 per cent and in the Pa
eiffc states 19 per cent
I +Altho the banking resources of the
eastern states increased in these three
+ year, .3.347, 100000, or 81 per cent.
+ and altho the resources Of the ba nks
in the New England states increased
1867 600 600, or 81 per cent, there has
been d distinct and growing tendency.
+ especially in recent months. towards
y decentralization and toward the dis
tribution thruout the country of the
excessive reserves " hich have hereto
fore been piled UP IN eastern centers-
4 New York Shows Slump
+ In the past four and a half months
or from May /. 1916. to September >,
II 1916, the deposits of the banks in View
York City showed q n actual reduction
of $50. e00. eco and in Philadelphia a
reduction of $4,000. e0o while in the
same period in the country banks ard
in the banks of the interior reserve
II cities. deposits increased heavily
f The following states show the most
nota BILE increases in banking resources,
expressed in percentage:
II New York, Al MasSa ctusetts, 2s !;
I Ohio, 27; Illinois, &c. California, 20:
Michigan. ST. Minnesota, 10; Wiscon-
sin, g. Nebraska, %. Oklahoma, Il !;
Kansas. "a. Virginia, Il, North Da-
kota. AZ. Colorado, "a: South Dakota
and Montana 331z
The four states showing the highest
percentage in deposits were. Okla
hona. 81; Arizona, So; North Dakota,
So, and Wyoming a.