The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-11
BILLION GROWTH IN
BANKS RESOURCES
Record Expansion in All Lines
Shown in COmptrOller's
Annual Report.
RESERVE SYSTEM PRAISED

wAsHiNGroS, Jan. 1n-A defence and
exposition Of the Federal reserve bank
ing system In its frst year Of operation
IL presented In the annual report ~
John shelton williams. Comptroller Of
the Currenc,. submitted to Congress to-
day.
There was an increase of I,o57.1oo.-
900 In the bank resources OF the United
States between June. 1914, and June.
1915. according to MIR. Williams. lis
report shows that in the present year
the banking power Of the country. as
represented by capital. surplus and other
profits. circulation and deposits Of
the Federal reserve hanks. reached the
tremendous total Of s25.3 97. 0O0.000 in
June. 1915. The Comptroller estimates
the aggregate resources at S2s. 100. Ooo.-
900.
II Is certain that had the Comptrol-
Ter been able to present data from
banks other than national. covering the
latter part OF 1915. the amazing totals
and increases would have been much
larger. This is clear from these heures,
made public In connection with the sum-
mary of the condition OF the national
banks alone for the year 1915:
Deposits Increased a2.~OSI.53O. t84.
The report covers the period of twelve
months ended October 81. 1918. II EN-
braces the history of the Federal re-
serve system from the beginning. on
November Is. 1914. to the national bank
call, on November 10, 1915. During that
period. the report shows, the deposits
Of the national banks OF the ountry
Increased s2.0sl .j3o.l6i loans and dis
counts increased s9l1.i5O.5O2. capital.
surplus and undivided profits increased
in excess Of ST.. 200. 900; account OF
letters of credit and acceptances based
On imports and exports ondicating an
expansion In foreign business) increased
S102. 900. 900 specie, legal tender notes,
national bank notes. exchanges for clear
Ing house and other cash items
and balances with the Federal re-
serve banks Increased $4,000 900 re-
serves amounted to s2.lOs. 900. 600. aLl
increase OF sj49. 00O. 900 and 1891 .0oO.-
900 In excess of the amount required
by law liabilities for bills payable and
IlONes dllu blIiS ulNtbuIll'Nl SUItllN SbF,-
O0O, 900, and on account of borrowed
bonds decreased s5l. 900, 900; holdings
OF bonds and stocks exclusive OF Fed
erul resery. hank stock, decreased
from sl.53O 200 600 on October Al. 1914.
IN ~ asa. OOo oOO. , reduction of sl41-
400 ooo
"Despi,o tho fac," savs tho Comm.
,ro,ler .th.t ,bs national hanks had on
d.pos,; v,,,h Tho E,.d.r,i rssery. h.,Ls
m Noye,,h.r 10 Iaii sac ooo 400
.~.ir., pn,ht,n III. ,-.,b.u. ya,, "a.
ssnd ,ha, ,ha h,i. no., ,hIch 80, ,,re
csrrving with ,rnroyed reserve agents
m Eoyamh., "a ,s,. u.,a xsaE ooo =.
Am nv COS, ooo ooo nor. ,ha, ,h.r b.d
an cc,oh.r a, I.,I h.for. III. on.riny
~ IN. Ead.r,i rosary. hants ana ths
h.,ano.s mn 10, BOD 60 ,h.,r c,.di,
Win links .,d ,nL o,h.r ,b,r ra.
go, ,aan,s 90 So,a,h.. Ia ,a,. 49,.
10 ooo ono on incro,s. d,,ri,y ,bs yaar
-, s,.o ana oon To,,I ,ncra,s. Z, h,i.
anca. u,i,h r.sorya .van,s and ,,har
hants sino an oon, ~
&C., roiior Niuiaus ,,y. .s,.,is,
.mnhasis on en-. ones,ior Of usu,y and
ADDS ~