New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-11-10
Assets of National
Banks $700,00O,00O
Greater Than Ever
Are More Than Combined
Resources of All u. S. In
stitutions Ten Years Ago.
Comptroller Announces

Comptroller Announces
WASHINGTON, Nov. o. National
bank assets are $7O0,000000 greater
than ever before, and are more than
the combined resources Of all banks
and trust companies In the United
States ten years ago, Comptroller of
the Currency Williams announced in a
statement to-day Reinstatement fol-
"The resources Of our national banks
at the time Of the last call exceeded
| by $520,000,000 the total resources of
all the banks Of the country, including
| national banks, state banks, trust com
| panies, savings banks and reporting
private banks, as late as April %, 1919.
"The returns just complied show
that on September IL, 1919, the re-
sources of the national banks amounted
to $21 ,615, 100000. This Is an increase
of 1915, 100000 over the call of June 80,
1919, and an increase of 1851 900. as
compared with August 81, 1918. This
increase Is the greatest ever shown in
any one year since the inauguration of
the national banking system.
The resources of the national banks
six years since August 1918, than was
shown In the entire forty-nine proceed
ing years since the Civil War.
Total deposits on September ~,
1919, were S16,6S1 100000, an increase
OF SS56,O0O,0C0 over June 80, 1919. and
an increase of $2,795,000,000 over Aug
ust 81, 1918.
Loans and Discounts
Loans and discounts (excIusivo IF
rediscounts) on September ~, 1919,
were reported at 1,085 900 600. an
increase over June 80, 1919, Of $780,
100000 and an increase over August
81; 1918, of 1851 100000.
The increase for the year in de-
posts is. exceeded by more than $780,
100000 the increase in loans. The
proportion Of loans to deposits on Sep
TENDER IL, 1919, was 66.4b per cent as
compared with 6S.S7 per cent On August
81, 1913.
Cash on hand and due from Federal
Reserve banks (includng lawful re-
serve and items in process Of collec-
tion) on SeptembelAI2, 1919 amounted
TO S2,044 ,413,0 900. the largest ever re
ported, exceeding by $l23,574O00 the
figures of June 80, 1919, and by S372,-
$4,000, the amount of cash on hand
and due from Federal Reserve banks
August 81, 1918.
United States Government securi-
ties held amounted, September ~. 1919,
TO S3,296,000,000, an increase Of SEA
100000 over June 30, 1919, and an in
crease as compared with August 81.
1918, of $S41 900, 600.
Other bonds, securities, etc, held
September IL, 1919, amounted to ST.
100000, an increase over June 80,
1919 of S9o,000,00O, and an increase
over August 81, 1918. of Sill 100000.
Circulation Outstanding
"The circulation of national banks
outstanding September IL, 1919, was
1851, 900, an increase over June 80,
1918, Of $4,427, 900, and an increase
over August 81, 1918, Of s7.38S,000.
"Bills payable amounted, September
IL, 1919, to S1,0S4, 607 900, Of which
sl,o13,9e7,oo we're with the Federal
Reserve. banks, being principally loans
on government securities. The amount
Of bills payable with other Federal
Reserve banks was only s5o.64o,00o
Rediscounts, including those with Fed
eral Reserve banks, amounted to
3440,906,000. The increase in the ag-
gregate Of bills payable and redis-
count, including those with the Federal
Reserve banks, over the figures of
June 80, 1910, was s2o,744.oo0 and the
increase over August 81, 1918, was
100000.
Capital, surplus and undivided
profits September IL, 1919, amounted
to S2,488, 100000, an increase over
June 80, 1919, of $75,0o0,oo0 and an IN
crease over August 81. 1918, of $780,
100000.
"0n September 12, 1919, the National
banks had on deposit with state banks
trust companies and other bankers q
total of $499,000,000, and the amount
which state banks, trust companies
and bankers were carrying on deposit
with the national banks on the same
date was $1,845,o0O,00O.
Increase General Over Country
"The increase in deposits as COM
pared with the June 80. 1919, call has
been general throughout the country
The states whose country banks have
shown an increase In deposits Of $1o,-
100000, Texas $32,0O0,O00, California
s31 100000, Illinois $29,0O0ooo, Massa.
chusetts and Pennsylvania $25 900 00C
each, New Jersey S24,000,O0O Ohio s22,-
100000, Oklahoma S1S,ooO,0 900 North
Carolina $15,000000, Indiana s14,O0O,-
600, Colorado and Idaho $4,000 OOC
each. The only states showing a de-
crease were Connecticut, Florida. Mis-
sissippi, Nevada and Arizona, the ag-
gregate reduction in the five states be-
ing less than 100000.
among the reserve and central re-
serve cities the net increase in de-
posts reported was $31O,0Oo,oOO and
we'll distributed 90 cities show re-
duction and az cities an increase). The
cities showing an increase of $10,OOO,-
600, or more we're: Chicago 65,OO0,-
600, San Francisco and Kansas City
$4,000 900, St Louis $4,000 900. Phil
adelphia and Minneapolis 10000 900
Portland $40, 100000. Omaha $4,000 900
Detroit and Richmond s15,0oo,O 900. St
Paul $14,000.000, Los Angeles $4,000.
000 Denver S1l 100000 and Fort Worth
$4,000, 900. The only cities showing a
reduction of as much as $4,000 0OC
were New York City $155, oOO,O 900, Bal
timore sl4.o0O,ooo and New Orleans
| $10,000,000."
Cuban Sugar Men Combine
HAVANA, Nov. S.-Miguel Arrange