Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-02-08

| year there were Sl57 national hanks
in operation or authorized TO do busi-
ness
since March "a. 1920. cScs state
! banks. trus, crmpauies ana oriynto
! banks. with capita OF Sl3Ss 5a son
| have been converted into or or..oniz.,,
as national banks. ana the mov.m.n;
toward naturalization is proceeding
| steadily.
New hanks I'm Virginia.
! During the pas, wear ending Octo-
! Der 81 las, wear The 3Gl n,w national
banks chartered we're distributed
| through ,,,tv dircrcn, S,,,cs md
/ IN, District of ,'olu,rhiu rho rcur-
teen STATES in which IN. ,,rros,
number of national banks were char.
| tered. are: Minnesota 40. California
! 40. New York %. Texas %. okla
| homa ~ Kansas 10. Illiunis ~.
! PENNSYLVANIA and Ohlo. II cach. E.w
jersey. Virginia and Colorado. II
| each. WASHINGTON -. Idaho II
/ The numrrr of dcuositCrs or. dc-os.
| accounts in national bonIss .xc,cdcI
/ an nreyl,u, records Official re,or.s
| showing ih,t ON lunc "a fonO thar.
wore no,orI-7 drnosi. ncrnunts in
! all national hanks This was an in
crease of o27aS77 over June 40 1914
There is now aprroximatcly enc
! do, .i,or in ,hr national hawks ro,
cvnrv nyo n. our nonuI,tior
! Contlnuirr th, rouor, .avs. In tho
| matter OF Immunity from faiIur, IN.
showing Tor the mast ,wclvc month,
has been the best I'm abou, forty
wears, with the sole rxcaD,lon of the
fiscal ycar IF 1914 The total roni,,
o. five small national banks which
| failed during the wear vas Son oaO
or seventeen one ,housan,iths of
per cen, of the total CAPITAL of nil ma
,ional banks This percentage is
about sixteen times better Than m.
average f5r the entire neric,, OF fifty-
seven ycarn from the inaurura,jon
q. tao national banking sye,em to tin.
present.
The earnings of :he national banks
both gross ana r.t. have surnoss.,i
all nroyIou, Years. .rh. NO, c.rn;,~s
.or The twelve ,on,hs ending Iunc
10 1870 amounted IA sosoOS2 am ~,
increase OF s4%ll7.ooo over the pre-
cedinE year: and the increase which
has taken MACE In the ne, earnin.c II
the MAJ. omai Y.nks ia tho past seven
| years has exceeded bv SIS. 600 600 The,
total increase in earnings shown for
the ioriy-ihrce-y years period from
-S'9 10 1915"
Al the close o:'thc fiscal year end
ms October 81. 1920. the resources OF
The national banks reached the high.
est point In their history, being re-
ported On January l. 1920. Il; s22.-
ill.a''.00o. This was an Increase as
compared with the rcpor; for Jan.
uary !. 1919. OF S2.G69,lJl,OOO. Ia tn.
s!N months following January /. 1890.
the resources Of n"tional banks de
clined to S22.l96.737,o0o. at which
figure they &: ID on June 30, 1920.
The banking power OF the United
states as expressed by the aggregate
'' 'he capital surplus, deposits and
circulating notes OF It's national
banks mas reached the huge total OF
$50. 49,, ,ooo -, t"'
,.,.,.a ,a,
connao
81, ,Soo ,
,;, '''H
go am" '"
:. ,,Ir,,
'''"' """N prosperous.
LOANS ana discounts p'uS united
n'h n SECURITIES, on No'cmber 10
NV III inc fiehmonG Federal Re
VS. Se'-'1'o,oep' an IN
crease "i 'lo'uoo' or IL per cent
as ,hn ,n,,, I'm. -. 80 ~
-a,.,,s ,,r'h ,,,,.a',,. H
..,a,,.i 60 '''''
-, ,.I,c,'o, ln,,,,,ar,,,
IA. ,or ,,,, p;o,,',,, ,.s, ,'' 20
5000 rfs.r,n, -, go.
,,... 49,. ona '''.'u ''''
CON,
al deposits u, 'he Richmond Fed
''"' reserve Instruct on November
- ''-o, Was $s's'l'''Ouo. AN in
crease ot S!20''"''0oo' or l'.l7 per
81" '''o''s H'aue 10 inns bureau
mn