El Paso herald. (El Paso, Tex.) 1901-1931, 1919-01-24
1878 BEST YEAR
FOR us. BANKS
Financial Institutions Earn
More Money Than Ever
Before.


companies, etc. increased in the sams
( period from S14,675, 100000 TO S23.571,-
/ 100000. or 80 percent The increass
I in the national bank resources from
June. 1913 to November 1. 1918, wa:
! S8,7s5. coo, 900, OF 79.6 percent
In the five years, 1914 10 1918, tbs
records report the failure Of 314 state
banks, savings banks and loan and
trust companies In the same period
there were Sc national bank failures
In the calendar year 1918 there was
only one national bank failure
New National Banks Organized.
Charters were granted during the
year 10 164 new national banks, Mon
tana leading with Is new national
banks; Oklahoma, ID; California, IL
Arkansas and Texas, 10 each; Mime
sofa. Pennsylvania and North Dakota
s national banks each Applications
were received during the fiscal year
ending October 81. 1918. for 237 char
tiers for new national banks, 1913 ap-
plications being approved and char
tiers issued for 164 banks as stated
above Applications for p were re-
fused
The records show that since 1900 a
total Of 2773 state banks and private
banks have converted into or reor-
gained as national banks. the total
capital OF the state banks thus con-
verting or recognizing amounting to
more Enan szuusvuv,vuu-
All OF the national banks in the
country having in their title the
word German or words Of like
import. changed their titles, -
such changes being made in the
fiscal year.
Legislation Recommended.
The controller repeats his recon-
mendations for legislation regarded as
necessary for the protection of the
stockholders and depositOrs Of the
national banks and for the public
benefit. including the recommended
ticn for the insurance or guarantee
Of all national bank deposits Of $4,000
or less, and he presents arguments in
which he submits.
Perhaps nothing could illus
trate more wildly the amazing
growth which this country has
made since 1900 than the bank
figures complied in this report,
which show that the aggregate
resources Of all the banks of the
United States, including national
banks, state banks. savings banks,
reporting private banks and loan
and trust companies. which in
1900 amounted TO only s1O,7S5.-
100000. amounted in June. last, to
grand aggregate OF SiG,72G,-
WNNHANNa
banks have increased in number
q from 1882 to 2S,SSO.
Money in the United States.
The general stock OF money in the
United States in June, 1918, was re-
ported at s6.741 100000, OF which
1850, 600 was in the treasury as
assets Of the government and STOOL
5000 was held by the federal re-
serve banks and federal reserve
agents against issues Of federal re-
serve notes. a total Of 1851 500. 900.
or 20.20 percent OF the general stock
being thus held. OF the remaining
1880 Of the money Of the country. the
coin and other money in the national
and other reporting banks aggre-
gated SSS2.700.000: with the federal
reserve banks, S2.006. 200, 900, these
two items aggregating 1886 percent
of the total stock OF money
The remaining 1854 percent, or
$3.50 -50O.OOO. outside OF the
treasury and banks, was presum-
ably in the pockets Of the people
or boarded.
Savings Bank Deposits.
The controllers report shows that
between June. 1916, and June 1918.
the deposits in the mutual savings
banks actually increased from S4,1S7,-
100000 TO S4.422, 0O0. 600. The deposits
In the stock savings banks in the
same period increased from 1901, 000,-