The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1916-12-29
u. S. BANK POWER EXCEEDS
THAT OF TEN NATIONS

Washington, D. c., Dec. 27.--Re-
ed States, Comptroller Williams an
nounced tonight, have increased more
that $4,000, 100000 during the last
two years and now aggregate 15,520,-
100000, exceeding by about $1,000
100000 the total resources the Bank
of England, the Bank of France and
the Bank Of Russia, the German
Reichsbank, the Bank of Italy, the
Bank of Spain, the Bank of The Meth
erlands, the Bank of Denmark, the
Swiss National Bank and the Imperial
Bank of Japan combined.
In statement based upon returns
from the last bank call November II,
the Comptroller calls attention to the
fact that the increase has been on the
rate of approximately 18 per cent a
year during the last two years., as
compared with 6 per cent a year for
the 10-year period from 1904 to 1914,
and that the total resources are at
present more than double what they
were 10 years ago. s,.
Greatest Growth in History,
"The compilation just completed of
returns for the last bank CALL" the
Comptroller's statement reads, "dis-
closes a condition of strength, prog
ress and growth beyond all precedent.
Resources of national banks on the
date fthe last call are greater than
the total resources of all reporting
State banks, savings banks, private
banks and loan and trust companies
throughout the United States at the
time of the Inauguration of the Fed
eral reserve system about two years
ago.
at is also noteworthy that the re-
sources of our national banks att this
time exceeded by 1921 100000 theyto-
tai resources of all the reporting bank
institutions in the United States, in
Guiding State banks, savings banks
and loan and trust companies and ma
tional banks as well as late as the year
1904"
Big Gains in the West
The greatest percentage of increase,
the Comptroller states, during the
two-year period in which the Federal
reserve system has been in operation,
was in the Western States. Geograph-
ically the increases were as follows:
New England, % per cent; East
ern States, 80 per cent; Southern
States, 80 per cent; Western States,
so per cent; Pacific States, SO per
cent. ~s
"In this period" the statement says,
"the New England and Eastern States
increased a total of $2,005,000, 900,
while the South and West, including
the far West, increased $2,022,000.-
900. ~ l5, vqT ~
Between September IL and q No
vember II (last two bank call dates)
resources of the national banks of
New England and Eastern States in
creased 100000. The increase
in resources for the West and South
for the same period was 1864, 900, 900.
The percentage of increase in the
New England States was 1856; East
ern States, 6.84; Southern States, 15.-
So; Middle Western States, 5.71;
Western States, 11.76; the Pacific
States, 7.87. The average increase ov-
err the whole country was 1859 per
cent"
Inc pflnclpal changes between sep
TENDER IL and November II show an
increase of 81, ,O00,O 900 in resources,
an increase of 81, 126,000,000 in de-
posits, bringing the total deposits of
national banks up to $12, ,000,0 900,
an increase of $485, 100000 in loans
and discounts, and an increase of
1921, 100000 in reserves, bring the to-
tai reserves held up to $2,472, 1000,
the highest on record by $185,000,000.
Stock Exchange Closes Saturday
New York, Dec. 27-Governors of
the New York Stock Exchange, at a
meeting today, decided not to open
the exchange on Saturday, owing to
the almost unprecedented volume of
business which has resulted ia con-
gestion throughout the financial dis
trict. The action was taken in response
to a petition from stock brokers, and
after bankers had stated that the plan
was agreeable to them. The exchange
will be closed on Friday afternoon,
December 20, and business will not be
resumed until January 2.
THE LOCAL MARKET