The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-09-17
INCREASE IN NUMBER
OF NATIONAL BANKS

Comptroller of the Currency John
shelton Williams sends out this re-
Fort, which indicates n constant in
crease in the number of applications
for charters for banks throughout the
country. This also indicates that the
habit of thrift is firmly taking hold OF
the people. The report;
Official figures for the eight months
ending August 81. 1919, show that
applications for charters for new ma
tional banks are constantly incre cas-
i,g, For that period. sol such appli-
/ cations were received, representing
capital of s24,572,o0o. including 81
such applications for. the month OF
August. i. In August last year, but is
applications were received For the
eight months ending August 81 1918.
he applications FOR new charter num-
hered 175. with capital of si0.1s5.-
dh0
The increase in the number of ap-
Plications for new charters for the
eight months period of 1919 over the
same period of 1913 is above 70 per
cent; and the increase in capital rep
resented by new banks applying for
charters is As per cent
The aggregate capital of the 16i
| rational banks for which charters
NV b. ahteU dufilE tne eiEnt months
erding August 81, 1919, was s15.-
475,0 900; and in the same period ap-
prevails were given for an increase in
tne capital of 235 national banks in
The sum OF s31.3ss00o
In the first eight months OF 1919,
me number of applications for new
charters which were granted. plus the
/ applications approved for increases In
capital OF existing banks, was 39e.
the aggregate new capital being $47,-
$4,000. as compared with 238 new
charters granted and applications ap-
proved for capital increases In the
s. me period OF 1918, aggregating
s22.15o, 000. the increase being over
100 per cent.
| During the eight months ending
august 81, 1919. but national hanks
reduced their capital. the aggregate
reduction being $4,000: and 5a ma
t'ohaI banks went into voluntary
liquidation texclusive of those con.
fsnlloatlng with osner national banks),
the aggregate capital OF the banks
thus iiquidating being si3.7l5, 900.
During the first eight months of
1919, the comptr oller OF the currency
refused eight applications for char
tefs Tor new national banks
IN september /, 1918, there were
t''''"f tohSadcTdtipn ana awaiting aC-
ton by the comptroller 244 applica
lions for charters for new national
BANKS with proposed capital of SIT
~ 600; and 2as applications for cant
| tAl increases agsregating $23,ss3,s00
| SO that there was a total of 47s an
tdtcatfons for new charters and for
lernltssioR to increase the capital of
AAting banks. the aggregate of the
eapitaf thus applied for being $40
eso.sOp This was exclusive of 80
applications for permission 70 in
crease capital where directors have
rot yet decided on the amount OF in
orease.
The applications for charters for
new national banks on hand at this
time awaiting action by the com
troller come from 80 states, including
among others 26 from Montana, III
fsom California. II each from Texas
and, Kansas. 16 from Oklahoma, !.
4 -cm Minnesota, IL from South
Dakota 10 each from New York and
Pennsylvania. each from Illinois
and Colorado, each from Idaho,
North Dakota and South Carolina, s
| from Massachusetts, and each from
New Jersey, Virginia and Arkansas
There have been since January 1,
1918, about seven times as many new
charters granted and applications for
increase Of capital approved, a. there
we're reductions OF capital and lIquida-
ton tother than of banks consolsdat-
| ing with other national banks).