The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-13

sources Of Si.s10. 600. GOA. or an average
for each institution OF u little over ST.
600. 600.
The ratio OF resources or these state
institutions in New York igains. the
total resources or institutions ia the
entire countrv j. aprroximatcly lCs
per cent
- Per Cent. 81 Total.
Trust companies and tanks Of lie.
post and discount had total issnurces
on December ~. 1915. OF t3.32s.3.i. $40.
~ nearly IL per cent. of tn" total for the
country. The savings DEPOSITS OF $50
mutual savings banns reporting to the
Comptroller OF The currency ON .Iune
-. 1915, were 5 +3la.Q00 900. Of which
amount Si.a3o. 0Oo 900 was contributed
h. the IL" savings BANKS "A New York
state, or nearly ~ per cent. Of the
total.
Vie capital surplus aud undivided
pfohtS 90 trus, companies. harnr Of
deposit and scount ard private
bankers under the supervision Of the
New York state Banking Department
on June 90. 1915. We're over 1881. 900. oOO.
while IN" .irplas Of savings banks was
over SiS>.n"".n 400. which would max. a
e!and total of over 81 ..6o" o"n. ~
more than 10 per cent; ur TN. total
OF all banking irs,itut on II TIE Tinted
states
Sup-r.ut.ud"nt Richards reports thai
the bsrirr!ar ~ has Noar tuls the
bdnhinv institutions -: THIS safe en-
.ii"lN recovered from IA. effects g.. the
dcpi. ss!on which followed IN. outbreak
~ .he European war ard that never
before N The hIs;orl of the stat. Bank
ing Department haze tho i~nsti.utions
under its supervision snow such
growth as al the present tiire.
Tremendous Increases are Shown IN
surplus a. well az depoet.s short term
notes and commercial paper s;iil con-
tuue tn oe attractive 10 tho bankers.
although long term bonds have within
the last few months Increased IN favor
"l.igh,v-'wo trust tompdcie.. SAYS
IN" superintendent. reported on pc,-w-
be- y. !aij. total resources a~rercva.!rp
@.1a:.A". 80. = gan Of s;n..?.i.S4a.
o. 'noui 49, per CEN for IN" wear. and
heiT.y E'.pho0'p.noN. or So. per cent.
s.nC" b-c-mD"r !. 1913 IN tracing ~.
development Of IA" tus' companies r. IL
'nter-r:'ng 10 no;e shat during the anau-
clal Disturbances ~ 1907 Their ,,soura rs
sh-ark from sl.ani.2i3.I1u TO si.ui.,-
1890, q loss OF s~332.i";.i0O
Til" following year GF1s, 'hcse IN
sliniinnS more than recovered their
io-s HON January. 1909. % January.
1914. 'h.,r resources varied III alnoints.
keeping lose 20 the sl.GO0. ooO. 900 mark.
During iHii they increased to $l.1ao.-
ooo.0oo aud N 1915 iumg",i to g..
S:2.'Sh. Ii total Increase since Tao. ~
Si,io'.oo0, 400. ~ about 80 p"r cent.
DEPOSIT Liabilities 'u;a.l"d ,i ,he
close Of IA" ear - e"n,i,7l!i. an in
crease Tor the YEAR Of VI II.
This increase - nearly $40 r0. 900 nor.
tnan the entire jeio-t liabilities % ;he
"iehtN-hv" trist companies reporting "a
IN" Superintendent IL Banks on January
], lH0S This large in"rcas" IL deposits
Is onset by Increases IN lp,ns am dis
counts OF sHjT.7il,6l" cash on tand.
S4i,76t'64 du" from banks and trus,
ami bond investments. tli5.o0S,s30.
J Nearly tAc entir. increase in loans AMI
discounts - secured by collateral oth-r
than real estate.
Increase IN values.
surplus. including All md ,ldNd
PROFITS based apo marh.t values has
shown an increase ~ sitlHH.>lS. as
: compared with a loss % si1.HSa.7S
during tAc previous Year. wh's chang.
was due - Il large extent 10 the in
,rcaSr IN security %Tal;cs. TIE ratio ~
capital. %>uypIus and urd vlded prof's -
aggregate deposits vas IL ,"T cent a..
the close Of 1915, as compared with
ll.3 per cent. a. tho close Of lGi+. q
truly remarkable record 'or tho mlrsln
~ safety rler The iargc increase IN
DEPOSITS is taken into account
1T is gratifying 10 not" tina; the i,cu,
OF bills PAYABLE. which "a the case oi
trust companies amounted 10 sSSI,Slt
on December "a. lslt. amounts now 70
but s16? o10. The Contingent liability
because o: bills re~discounted. and Nhic'i
amounted 20 si.o.c,.i. az the close If
1914. has been most entirely clint
mated, amounting Ia bu' s3C,"1e on De
csmber II. 1915.
"The privilege granted ',ue, com
panics Of accepting 70! aNmcu a. q
futur" date drafts drawn uNon Ncm II,
their customers has proved popular
during II" year. Tho total accrptanccs
outstanding al the close OF he Yea,
amounted to siH,SSi.o2.. az compared 70
s23.3i2.lSj on UNcrml.r -. lalt
"The detailed facts aud figures se'
forth Indicate that not w.thstanding the
large Increase IN tho hhuking sNsten'
% the State there has ron" hand IN
hanI with that increas" in resources ar.
labs ties n corresponding margin ol
safety not only IN the actual capital and
surplus but in the shirt 81 cooperation
which has existed between 'hn New
York state Banking Department and the
bankers,
'Thc heads of the Nnancia, .nstltu,
tons. large ana small. lav" continued
their public sni,it.i efforts IN strength
or,ng no. only their own institutions
Dut IN assisting the" department and
other members OF the banking com
mun!,y to bring about Il situation whic!
spells continued care and safety for the
l%n'or"s.s Of 'lcpos!tors ana stockholders
alike
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