Bisbee daily review., 1916-11-01
Since Its Passage Banking Re- sources Have Increased Six and Half Billion Dollars in America.
RECORD DECLARED
 WITHOUT PARALLEL
Arizonas Business Gain Highest in United States-Money Is More Evenly Distributed West Gains 3I Percent.
By Review Leased Wire)

WASHINGTON, Oct. 31.-The
 growth of the country's banking
 resources since passage of the
 federal reserve act is put at six
 and one half billion dollars, in a
 statement issued today by the
 comptroller If the treasury. The
 record is declared to be without
 parallel.
 The figures cover the period from July, 1913, a few months before the act was passed, to July. 1916, includ- ing nearly all of the first two years of the European war fl i
 Whole Nation Thriving
 This stupendous increase in bank ing assets" says the statement, ''has accomplished the unprecedented quickening which amounted in many cases to an outburst of business act ivity in every state and in practically every part of every state. Coinciden- tally there has been a marked reduc- tion in interest charges
 West Resources Jumping
 The increase in resources, it is de- clared, is greater than the total re- sources of all the country's national banks little more than a decade ago. In New England the three years in crease 21 percent. In the eastern states 20, in the south F, in the mid dle states 32, and in the west 31.
 Deposits Also Higher
 Deposits since the reserve act went into effect have made an unprecedent- ed jump also. Their total increase is put at six and quarter billion dol lars. or 31 percent, nearly as much as the reserve increase. In New Eng land it was g percent in the east 39, in the south IS. the middle states 26. the west 37 and the Pacific states 19.
 Loans Billions Greater
 Banks and trust companies are lend ing three and a quarter billion dol lars more than they were three years ago. the statement says.
 Not Confined To East
 Emphasis is laid on distinct and growing tendency towards decentra- lization and distribution of excess i've reserves heretofore piled up in eastern cities. This has been espe- cially true during the last few months In the four and one half months from May 1 to September F, this year, de posits in New York City decreased nearly a quarter of a billion dollars, increasing heavy meanwhile in coun- try banks. Outside of New England and the eastern states the following states show a notable resource in crease:
 Illinois s363. 100000, or 30 percent; Ohio s317.OOo. 900. or 22 percent; Cali fornia s247 900 900. or 20 percent; Michigan s221 100000. or 37 percent; Minnesota, 19s.O0O.O00, or 40 per cent; Missouri s116.0O0.OO0, or IA per cent; Iowa s107. 7.0O0, 900, or F per cent; Wisconsin sSS,O0O, 900, or 21 per cent: Nebraska s7S.0O0. 900, or 2S per cent; Indiana s69.0O0.000. or 13 per cent; Oklahoma s6S 1000. 900. or 41 percent; Kansas s63.000.000, or 24 percent: Texas s60.000 900, or 12 per cent; Virginia s52.O0O.OO0. or 21 per cent: North Dakota s47.000.000. or 24 percent: Colorado s42.000.000, or 23 percent; South Dakota and Montana s37. .O00, 900 or B percent each.
 The total resources increase in the south was s3O2, ,00O 900. middle states,
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