The copper era and Morenci leader., 1916-07-28
INCREASE SHOWN IN FEDERAL
 BANKS
Gain Under Four Years of Democratle
 Rule Shows National Prosperity;
 Widespread Reports Show All See tions Have Share.

Gross bank deposits of the 7,57S federal member banks of the United States, as reported to the comptroller of the currency, in the call of May l. 1918, reached the record total of s11, ,135. 5.322, ,OOO.
 On the corresponding date four years ago, April IS, 1912, the national bank deposits of the United States were $S,015, ,511 GOO.
 The four-year increase amounts to s, ,403, 1, ,446,000.
 This is approximately a gain of Ss rer cent.
 It is far beyond the average four year gain in the history of American banking.
 Reaches All Sections.
 The significant and highly satisfac- tory phase of this analysis is tSs nationwide character of the deposit development. It proves that our prosperity is not dependent upon war exports, but reaches every geographic division and every industrial interest north and south, east and west.
 1t is natural, for example, that the manufacturing industries of New Eng land, whose exports to Europe have expanded during the war, should swell New England bank deposits to the ex- tent of 31 per cent.
 That does not explain, however, why the deposits of the western states l-including the Dakotas, Nebraska. Kansas. Montana, Wyoming, Colo rado, New Mexico and Oklahoma have made the still greater deposit growth of 42 per cent. Growth in New England. The six New England states, which have Boston as their federal reserve center, show a four year deposit growth of $119, 1858, S,000.
 The nine west of the Mississippi states which pass their reserves through the regional banks of Minne- apolis and Kansas City show four year deposit growth of $212.219.O00.
 The eastern states of New York. Pennsylvania, New Jersey, Delaware, Maryland and the District of Columbia --wEich contain the two large fed eI al reserve centers of New York and Philadelphia, the large banking cen- ters of Baltimore and Washington. and the government treasury and sub treasuries- naturally exhibit the larg- est volume and percentage of gain in banking operations The four year gain ill the eastern district is $1,71S.- 7SA 900 or 52 per cent This splendid banking growth of the eastern section answers the fears of those eastern bankers who feared that the division of .he federal reserve system into 12 districts would injure the financial progress of New York and Philadel- phia.
 South Suffers from War.
 The south has distinctly suffered as result of the European war be- cause of the heavy reduction in both volume and price of export cotton. Nevertheless, the 13 southern states show four year deposit gain of S21S,- 0S4 GOO, or 27 per cent.
 The eight middle west states of Ohio, Indiana, Illinois, Michigan, Wis coEsin, Minnesota, Iowa and Missouri exhibit four year deposit growth of SG5S. ,000 or approximately 30 per cent.
 Even the eight Pacific states, whose commercial activities have been handicapped by the European war through the transfer of Pacific com merce to the Atlantic, show normal and healthy deposit gains aggregating 124,426,000, or over 21 per cent.
 With the close of the European war and the return of activity to the cot ton south and the Pacific west, and greater national energies devoted to internal developments, the bank de- posits of the United States-under the new federal reserve system and the rural credits and agricultural exten- sion acts-are likely to show even stronger and more general develop ments.