The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-13
U,S.BANK RESOURCES
EXCEED IA BILLIONS
1856 900 900 Greater Than
ANY Previous Call Period.
Says the Comptroller.
s2,1GO, 100000 RESERVE

wAsuISGrox. June l2.-Comptroler
WILLIAMS gave gu; a statement Tonight
" tina the total resources or the
national banks as shown in the ahaIEsts
~ condition reports OF May ! were
$3.50. OOO. 600 greater than at any pre-
yicus call period In the history OF the
banks. The total resources on that GATE
amounted to s1i.l93. 600 900. Here Is
the Comptrol'cg's statement;
"The capital. surplus and undivided
prof,s by all national banks Oh May
I. 1915, Amounted to S2.l0a 600 600. eN-
ceeding by approximately 81 100000 t'e
maximum amount ever shown in any
previous statement. The increase in
capital. surplus and profits since March
{. 1915. was sli. 0oo 200 and as COM
pared with Nav. 1915, $40. 600. 600.
\ compared with the last previous
call OF March :. 1915. individual de-
roslts increased sil9.000.0 600 and de-
posts from other banks declined SIN
900, 900. making the net increase III de-
posts s3il. coo, 0on. against an increase
In loans II discounts for the same
period OF s1l6.0 100000.
"As compared with the statement OF
May I. 1915, tho alton banks in
creased their deposits s2,2+3.0 noe. 900,
while their loans and discounts in
creased during tire year s?62. 900 900.
"Of the increase $40. 600. 900 In de-
posts since March I. slS6. 900. 600 was II
the central reserve cities. $61 goo. 0oO N
other reserve cities and 500. 900 II
country banks. IF the increase In loans
and discounts for the same period th'
GENITAL reserve city banks decreased
$4,000 900. other reserve city banks in
creased $50 0O. 900 and country banks
Increased Sos. 900 900.
Reduction Of Bond Holdings.
Omitted States bonds held show a re
duction since March :, 1916. Of $4,000.
600 and "A reduction since May l. 1915
Of 4 5 200. 900. The national banks q
the country now hold bonds other tina
Governments. s1,525 900 900. being "a
Increase since March Z. 1916. OF $50
100000 and an Increase since May
1915. OF 1867. O00. 1000.
"Th national banks held on May
1916, S117,O0O 900 of specie and leg;
tenders. a reduction since March Z. 1911
OF $50. 900. 900 and an increase since Ma
!, 1918. of Si2. 900. 900. Circulation Wa
reduced as compared with March Z. 1871
113. 900. 900 as compared with May
1915. s45, 600. 900.
"Bills payable and r~ediscoun's we
reported May |, 1916, at $4,000 600.
reduction OF sl,500.0o as compare
with March 7. 1916. and a reduction
&27.000.00 as compared with May
1915.
THE total reserve held by the nation
banks on May /, 1916, was $3.50, 900. 90
n reduction. as compared with March
1916. Of sl27 900, 900. but an increase.
compared with May l. 1915. OF .S3s'
900 900 and an increase. as compar
with the reserves held on October
1914. Immediately before the opening
the Federal reserve system Of $4,000
900.
surplus Reserve.
"The surplus reserve or reserve n,
IN excess Of the legal requirements
May !, 1916, was $3.50, 900. 900, being
reduction as compared with March
1916. OF sl23. 000, 900. but an increase
mpa with May !. 1915. OF sl4?.o0
600. and an increase as compared "
the surplus reserve held on October
1914. under the Old reserve reQu.remer
OF s743, 100000.
"Ot the sl23. 900. 900 reduction In $
plus reserve since March :. 1916. 81
900. 600 was in the central reserve cit
S66. 900. 900 IN the other reserve cit
and $4,000, 900 in country banks.
The three central reserve cities n
hold $gl. OO0. 900 OF excess or surplus
serves other reserve cities hold 81.
900. 900, while the country banks at
time hold s52a 100000 of reserves o
and above the amount they are requl
u hold.
The total reserve held by central
serve cities on May /. 1916. was z
ser cent, the amount required by
being IS per cent. Other reserve CT
on May l held 25.l5 per cent. reese
agalnst a legal requirement OF 10
cent, while the reserve held by coui
banks on May !, 1915. amounte TO Z
per cent. gains the legal requiem
of on.y IL per cent
The percentage Of reserve held BY
national banks on May l. 1915. was
per cent, as compared with 26.o5
cent. on March I. 1916. and ?+tA
cant on Nav /, 1915"