The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-07-23
COMPTROLLER Of.
CURRENCY Says.
BANKS PROSPER.

WASHINGTON. July Reports
just compiled by the comptroller Of
currency bureau show a constantly
widening diffusion Of wealth In this
country. On May 4, 1890. the mum.
Der Of deposit accounts In our ma.
tional banks reached the unprece-
dented total Of 20,3so.S an aver.
age OF one deposit account for every
five and one-haif Of our population.
This Is an increase Of i2.sSs.Ss2 or
1855 In 10 years,
Ii Pennsylvania led all the states with
2,sss,ss7 deposit accounts In her ma.
tionsi banks, New York state next
with i.6si.5si deposit accounts,
Illinois, l.is7,O<o: Ohio. i.i2&.<s2:
Texas. i.l0s.s72. The other states
whose national banks reported 50O.-
600 or more deposi, accounts were:
California. 7ss.ss7: New Jersey.
7lc,7o3; Minnesota, 6&5.32O: In
diana. so6,sls: virginia. 5s6.25s:
Iowa, 5S3,07S; Massachusetts. 57s.-
s75: Wisconsin, 56s.0+3: Oklahoma.
5e5,9sO.
Resources-The resources OF the
national banks OF the country at the
time OF the May Z. 1890. call. as Just
compiled, aggregate see.o3s.7i&,000.
being the highest point ever reached
with the single exception OF Dec. 81.
1919. The increase In resources
since February rs. 1920. was Sl76..
$4,000. and the increase since May
l2, 1919. was sl.2l3.723.0oo.
Depcsits-Individuai demand and
time deposits on May 4. 1890. stood
at sl3.533.sos.o0o. being an increase
over February 2s. 1920, OF $780,
$4,000 and an increase as compared
with May l2. 1919. of 900.
United States deposits on May I.
1920. were sii5.200. 900. an Increase
over February rs. 1920. OF st7.-
2s6.oO0.
-ampunt-due- -to-other- banks
and bankers on May 4. 1920. was
S3,275.435.000. which represented a |
reduction OF s3ls.&0s.0o0 as COM
pared with February 2s. 1890. and a
reduction rs compared with May l2.
1919. Of s2s5.03l.0o0.
The net reduction therefore in in
dividual. bank and United States de-
posits. on May 4, 1890. as compared |
with February IS. 1920. was Sto.-
$4,000.
Total deposits on May 4, 1920. in
GLIDING individual. bank and United |
States. were sls.s2%.543.0o0. !
The ratio OF loans and discounts to
deposits May 4. 1920. was 1881 per
cent. which compares with 62.2s per |
cent May l2. 1919.
Loans and discounts-with a net
reduction in deposits OF $t0.579.0O0.
we find that loans and discounts on
May 4, 1920. amounted to $l2.2ss.-
$4,000, an increase since February
IS, 1920. OF s294.05s.000. The In
crease In loans and discounts was
provided for principally by drawing
down the balance due from other
banks and bankers which. on May 4.
1920. amounted to s3.l5s.232.00O. a
reduction as compared with February
rs. 1920. OF 900.
Between FEBRUARY rs. 1920. and
May 4. 1920, the reserve and central
reserve cities OF the country. outside
Of New York city. showed a net re-
duction In loans and discounts OF
less than $4,000. 900; 33
reserve and central reserve cities.
outside cf New York city, showing
reduction In loans and discounts and
32 such cities a slight increase. The
principal increase In loans and dis
from February 2s, 1920. to I
May 4, 1920. took place In the coun-
Try banks. and amounted In these I
banks to 3l77.4S6.00O. the country
banks In 80 states showing an In {
crease, while In the state OF North
Carolina. Mississippi. Louisiana, Ne q
braska and Idaho small reductions {
we're reported. !
United States government securi-
ties held on May I, 1920, footed up 4
10 s2,375,s0l.000 being a reduction I
IS compared with February rs. 1920,
NJ ss3 c12 0O0 and a rod,,c,In, "a. 1 /