The sun., 1919-01-02
No STATE BANKS
CLOSED LAST YEAR
state superintendent Skin
ncr's Report Discloscs Re-
markablc Record.
RESOrRCES Sc, $50, 601,026
Increased Deposits This Last
Quarter Indicates Millions
Were Hoarded.
sp,-ial Desputch TO THE srv.

spr-ii' Despntch TO THE SvN.
ns,>y. Jan despite the fact that
u,s was one of the most trying and
.vrntful years in the history Of modern
S,using. the bankers of New York State
n,ln,sined the high record established
1 sv them In the past.
Georee I. Skinner. State Superintend-
AZ, OF Banks, in his annual report TO
n, LEGISLATURE to-day points out that,
,rbough many believed at the beginning
A last year that the difficulties to be
,-countered were almost fnsuperable.
es country has emerged from sue
,.,sul war without the slightest APP
,s-ent financial stress or strain.
Total Resources sO.5sG,8o5.O26.
superintendent Skinner says that dur
~ the year II was not found necessary
10 close and liquidate the affairs of
sngle corporation or individual under
ss supervision, and when the great
amber and variety of corporations and
Individuals subject to the banking law
md the trying times through which we
ave passed are taken into consideration
tie record seems remarkable.
The total resources of all the inStitu-
ions and individuals subject TO the su-
rrysion OF the New York State Bank
M Department, according to their last
reports filed with the department. amount
|n s6,5S6,607,026. The report says In
part:
The State banking institutions OF this
State are TO be congratulated upon hav-
ng maintained the high record of the
past During 1918 IT was not found
necessary for the superintendent OF
banks TO close and liduidate the AFFAIRS
q single corporation or Individual
under his supervision. and when the
great number audvarlety of corporations
and individuals subject TO the banking
law and the trying times through which
Ne have passed are taken into considera-
Ton, the record seems remarkable.
Large increases in Resources.
Notwithstanding the sacrifices Incl
Dent to their patriotic efforts and the
BOARDING Of money by individuals that
las been noted from time 10 time in
various sections of the State, the State
Institutions show large Increase in
esources during the year. and during
re latter part Of the year there has
s.en a very rapid increase In the de-
posts Of the State banks which do a
more strictly commercial business than
sNN pIltr CLASS Ot SAdNt Dduhlllb ~
tltutions.
The total reported resources OF tho
STATE banks November "A. 1918, amounted
70 $3.50, 1929. While there was con
Siderable falling off in resources betveer
hat date and the report as Of March "a
1918, from that time the increase was
constant until on November l. 1918, theii
Total reported resources we're sl,O20,24l,-
80 \ gain of SS7S0i,49S
Their deposits on November u, 1911
aggregated Ssl9.34l,ls0, while on No
ysmher /, 1918 their deposits aggregated
1851, 02i926, gain Of s4l.6s5,746.
I'm the meantime. the number of Stat'
banks decreased from 2l2 to eos. as th'
result Of three state banks being a D
so-hed by other state institutions auC
one purchased and absorbed by a Ma
tonal bank.
During the same period the reported
resources Of the private bankers undo
tie supervision Of this department in
creased from S15.505,2os to si9670, 500
gain of S4,165.297, and their deposit
from s10.069.544 TO Sl3.656,6io. a gail
OF s3,5S7I26.
The total resources of the trust com
rares of the State on November II
1917. were $3,l64.l70.0l4. while on Nov
yonber /. 1918, they amounted 10 S3,.2l ,
:7l,s09.