The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-01-03
EXAMINER
Of BANKS MAKES
ANNUAL REPORT
r. H. Carter Explains Condi.
tons of Financial Institu-
tions of State and Makes
Some Comparisons.

Santa Pc y. NJ. Jan 3.-1nc report
90 The stat" bank examiner II ~ car
ter. on tho condition of the states IL
uaucial institutions Tor th" veal Just
ended. has been transmitted To tho
governor II Is as follows
In compliance with the provision
ut section SO. chapter 81 session laws
of New Mexico 1915. ! beg To- submit
herewith the report Of M, office f6r q
period beginning ON June -, 1915
the date uf my appointment aud end
lug December -. 1915.
This report discloscs the names ~
the officers and directors Of all
banks doing business 81 iris time.
and subject To- IN" supctNi siou OF this
office Ior the period named together
with - summary Of the financial condi-
ton Of such banks. ~ shown hy r"-
ports received IN response To a caii is
sued tor statements ~ OF date \uNom-
her 10. 1915.
The Peoples savings Bank q Trust
cumpnn' Of SilNoT city. New Mexico,
closed IT, doors on June II 1915, aud
one ui my FIRST Official acts was to take
rhargr of tbs bank and 10 appuiat Mr..
u ~ Powell of SILVER CitN special
ioput, state uaut examiner. pclding
the appointment ~ a receiver by the
district cour, CO.. h sixth judicial
district of New Mexico. which APP
puIutmcnt was mad" on or about Aug
INST 10. 1915 Cumpici" reports show
ing thc condition ui the bank hon II
closed ana while IN charge 81 q repre-
sentative ~ ih.s Ollie" are ON ~" ia
nv office.
The Bank Of De Moin's Dc-
No.u,s. \cN Mexico opened tor bus %
! ness on August 20. 1915. This bank
Nts incorporated and authorized to
engage 10 business before chapter 81
of IA, SIS, on law, referred To above
became effective
tn, Citizcus Trust \ savings bank
of Dcmiug and the Bank OF Dcmiag
I were consolidated under date OF sep
tcmhcr l. 1913. The business CON
tuur- under the name of tn" Bank OF
pcmng Doutng, New Mexico.
"At TINS date the numhcr Of state
uauEiu. institutions actually engaged
d. Nl-.u,.. s furty-scycu as sAuNn 10y
tine statements attached hcrct" ana
made p1il of this rcp"rt
"a personal examination of each 81
fh, iurty-scNol banking institutions
rl o., within the period covered hl
tins report. together with tho state
mcuts received and nl'd iu ID, Office
as showing the ,unditica ui The Ndri-
uus bank, 1t th, clos. u' Dom. ness un
| Juno '. September u NH''Wh"r
DO. Itl-. leads tu tnc conclusion that
the uauKS of New Mexico ar" "nl"N-
ng u dcgr,, of pre-. pcritl heretofore
unknown.
"a comparison of the resources and
liabilities Of IA, huuks ~ shown hy
.tat,m,ats ON njc iu this ui'ic, md
| Gates a growth IN the business "i IN"
banks that b., highly gratifying such
"a comparison hove from December
/ 81. 1917. tu Noycnhor 30. 1915, "a"
combined deposit, 81 the stat" h'n"'
ing institutions increased from $3.50
So, o. TO S5.6i2 sass or slightly more
! than ten per cent The combined sur
| plus has been Increased from ti>,NuV
to s.is.a5O CO.. more than 60 per cent
while the undivided profits have been
! increased from slHs ig3 - To SI11
aas -. q gain of r.ure than - per
| cent. n ~ interesting N thu '"nn'c'
luon To- note that within IA" per"
lowered hy this comparison IA" over
| drafts have been decreased from fN
sIl.s8 To- So ,O'.il
The foregoing comparisons. con-
sidcrcd with the fact that in r'nora
the banks arc under highly cnnahl'
and responsible management. i'ad
IA. To- confidently believe that for the
banking business IN \cW McNic" me
outlook H. bright ana ia" IutIr" iul
go l..,. .f