Indiana daily times., 1920-02-20
NATIONAL BANK
GAINS STRIKING
Advance From $4,000, ,OO0, 900 to
$22,5OO,OOO,OOO in 20 Years.

WASHINGTON, Feb 2O.-Growth of
the nations banking power and the wide
distribution of wealth among the people
is revealed by figures made public by
the controller of the currency, based upon
an analysis of national bank returns from
, all districts. Present day banking meth
DDS have produced a wider diffusion Of
wealth and credit to all section, Con-
troller Williams stated, and money
strength is no longer concentrated in
eastern financial institutions, as was the
case twenty years ago.
In twenty years the national banks
have Increased their resources from 81
500 100000 to so, 500, 100000, the controller
said The figures presented show to
what extent the banking power of the
country has been decentrallzed. Twenty
years ago the money power was mainly
centered in the east the national banks
in New England and eastern states hold
ing about 90 per cent OF the resources of
all national banks. The proportion OF
resources In those states to the resources
of all the national banks is now only SO
per cent
SOUTHERN BANKS
SHOW INCREASES.
Huge increases. both actual and com
parative. are noted in returns from south
ern banks. Total resources OF all ma
tional banks in fourteen other states
have jumped from S34s,0OO,O 900 In 1890 to
more than $4,000, 100000, an estimated In
crease OF $50 per cent.
Resources Of national banks in the
middle western states have increased
S., 1888 900 900. or 1863 per cent, with the
proportion of their resources as com
pared with all other banks now standing
a ~ per cent Resources Of the western
banks increased S1023,OG0 coo, or 500 per
cent, in twenty ycaps Twenty years ago
these banks held onTv per cent OF the
total resources OF all banks. Pacific
coast state banks have shown an increase
In resources Of S1,620,000 900, or $40 per
cent.
Every state in the union showed in
creases In resources OF national banks,
except the state Of Rhode Island.
Some remarkable comparisons are Of
fered By the bank returns. National
banks in Massachusetts, alone hold re-
sources equal to nearly one-fourth OF
the resources OF all national banks In
the United States twenty years ago.
TWELVE BANKS
RECORDS OFFERED.
The national banks of Virginia, Texas
and Oklahoma now have greater assets
tudn Tie CtmbAutu resources OF iii ma
tionai banks In New York. Illinois and
California. including the metropolitan
cities, twenty years ago, Resources OF
Ohio, Indiana Illinois, Michigan. wis.
eousin, Minnesota and Iowa banks today
exceed the total resources OF all banks in
the country In 1900.
National banks IN southern states, with
Maryland. District OF Columbia. Missouri
and oklahoma added, today have re-
sources In excess oe those held twenty
years ago by all the national banks In
the country.
Twelve states whose national banks
have shown greatest actual Increase, In
dollars, in resources IN the twenty year
period, are: New York. s4,35S. 900. 900
Pennsylvania. S1S42. coo 600; Illinois.
Si,2lT.0O0 900; California. 81 900 900. 900
Texas $3.50 90 900; ONO, s743 600 900: Mis-
souri, E43 coo 900; Minnesota, S56S 900, 600
Massachusetts, s515, 10000: New Jersey,
S423 10000; Virginia, S396, 900. 600; Okla
homa. s357 900, 600