The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-12-28
Total Resources of National
Banks Increased Thirty-Five
Per Cent Last Two Years
NOW REACH SUM
OF $l5,52o,ooo 900
Figures Made Public by Comp
troller John Shelton Williams
Z Show Strength and Growth
Beyond All Precedent

Warrington, Dec 27.-The national
hanks of the United States have great
or resources than at any previous
time in the history OF the national
banking system, according to a report
- their condition as of November II,
k3o1S, issued by Comptroller of the
currency John Shelton Williams to-
day. The national banking resources
have increased more than four bill
Non dollars in the two years the Fed
eral Reserve System has been in oper-
alton.
Exceeds All Others.
These banking resources. represent
| ing but portion of the total banking
resources OF the United States. now
exceed by more than a billion dollars
the combined resources OF the Bank
Of England. the Bank of France, the
k7ank of Russia and the German
Reichbank. the Bank OF Italy. the
Bank OF Spain. the Bank of the
Netherlands. the Bank of Denmark.
the SWISS .NakIp{ldI Ih+tIlh ANU LilS Istt
pcrlal Bank of Japan. according to
the latest reports OF the condition of
those institutions. the comptroller
says. In addition to these resources
- the national banks the country has
the tremendous banking power Of the
state and savings banks and trust
com anics.
On November X. 1915, total re-
sources OF the American nAtI0nas
banks amounted to s15.520, 600. 900, an
Increase OF 35 per cent in two years
The increase alone is as great az the
resources OF the States banks two
years ago.
THE compilation" says Comptrol-
Mr Williams "discloses "A condition
Of strength of progress and OF
growth beyond all precedent"
Comptroller Williams draws atten-
ton especially 10 the wide dissemin-
alton OF the American banking power.
Whereas national banking strength
formerly was congested in the East,
on November II reports show that the
resources of the southern, Middle
western and Western and Pacific
States amounted to more than the
total resources of all national banks In
Southern national banks showed re-
sources on November II, which ex-
ceeded the total national banking re-
sources of the great Eastern States as
lite as 1891, when the congestion OF
wealth in the East was extremely
marked.
East Has Gained As Well.
The comptroller shows, however,
that the Eastern States have not lost,
hut that the other sections have gain
cd. In the last two years the Eastern
Estates gained SO per cent. New Eng
land States. % per cent: southern
6tates, SO per cent. Middle Western
States, 81 per cent: Western States.
so per cent, and the Pacific States.
IS per cent
Changes in the national banking
pOwer between November TO- 1915.
and November II, 1916. were as fol-
lows:
Resources increased $2.2S4, 900:
deposits increased, 50. 3S2. 600; loan
and discounts increased, S1,112. o00.-
neO: bills payable and rediscounts.
Increased 32s,000.o00; reserves in
creased. $3e4.o0o,o
Changes between September IL,
1915, the date of the last call and
November II, 1915, are as follows:
MOSQUITOES luCIC dScOs
deposits increased. $1,126.000.0 900.
ioenA and discounts. increased, $4S5.
900, 600: bills payable and rediscounts
decreased. $1s,000.oo0; reserve in
creased. 32s7,oo0, 900.
Principal Items.
On November II, 1915. principal
itoms Of the condition of national
hanks were:
total resources. .15.52o. 900, 900; de-
posits. Sl2.4Ss. 600. 900: loans and dis
counts. $S,S46.000.0oo; bills payable
Ind rcdiscounts s74.o00,0 900; capital
JeOck. 31,071. 100000; surplus and un-
divided profits. 31.71, 900, 200; specie
IN legal tender. $7S8,000, 900: amount
duo from banks. $685.. 900. 900: re-
seryes. $2,472,000,000. The increases
for this two months period the comp
trolier says, were the greatest ever
shown between any two consecutive
hnnL calls