Milford chronicle., 1957-07-26
State Banks Assets Reach
All-Time High Past Year

State Bank Commissioner Ran
dolph Hughes reported recently
that the assets of state banks and
trust companies, including mutual
savings banks reached an all-time
high of $785, ,337 5000, an increase
of $22, ,554, ,675.23, during the year
ended the past June 29.
AS of the same date total assets
of national banks in Delaware a.
mounted to $31, 1,)21, ,835.62, a de-
crease of $2,191, ,969.77, for the year.
Mr.. Hughes pointed out that the
decrease is largely due to the mer-
ger of tn National Bank of Smyrna
with the Equitable Trust Company,
Wilmington.
State Banks Assets
The total assets of state banks
and trust companies, exclusive of
mutual savings banks, as Of the
past June 20, amounted to $685.
455, ,464.10, an increase of $15,133,-
154.8G over assets of $622,322, ,3O9. 80
on June 80 of last year.
The total assets of mutual saw
ings banks as of the past June 20,
Mr.. Hughes reported, amounted to
$147, ,S82, ,406.7S as compared to $140,
46O, 8S6.35 as of June 30, 1856, re-
fiecting an increase for the year of
S7,421 ,520.43.
Mr.. Hughes report continued:
The total assets of all Delaware
banks, including state banks and
trust companies, mutual savings
banks, and national banks, as Of
June 20, 1857, amounted to $Sf, ,559,-
7O6.50 as compared to $795,997,- :
OO1.04 as rejecting an increase re-
ffecting a continuing growth II the
business economy of Delaware.
The comparative consolidated
statement OF state banks and trust
companies, exclusive of mutual
savings banks. as of June 20, 1857,
shows cash and due from the banks
in the amount of $1O3,O56, 6,926.51 as
compared to $10S,845, ,225.38 as of
June 30, 1856, rejecting a decrease
in the amount of $5,788, ,29o.97.
United States government obliga-
tions of state banks and trust COM
panies, exclusive of mutual savings
banks, as of June 20, 1857, amount
ed to $3.50, AIS, ,325.70, rejecting an
increase for the year of $780,
274.18. Loans and discounts for the
same banks as of June 29, 1857,
amounted to $306,949,1 ,122.21 as COM
pared to 1901, ,497 ,420.28 for the
period ending June 80, 1856, re-
fiecting an increase in the amount
of $5.451, ,70l.93. Loans and dis
counts now equal 48.15 per cent of
total assets.
Total Demand Deposits
The total demand deposits of
state banks and trust companies
as of June 29, 1857, amounted to
$449, ,237,3 ,31125 as compared to
$449, ,301, ,89820 as of June 80, 1856,
thereby rejecting a decrease for
the year $64,586.95. The savings
deposits of state banks and trust
companies, exclusive of mutual
savings banks, as of June 29, 1857,
amounted to $112,959, ,55219 as
compared to 964,276.S1 as of
June 80, 1856, an increase for the
year of $495, 1920.
The total loans and discounts of
national banks as of June 29, 1857
equalled 41.36 per cent of total
assets and amounted to S12,830,-
87816. Demand deposits of ma
tional banks of June %, 1857,
amounted to $14,823, ,46466 and
the savings deposits of ma
tional banks amounted to $12,386,-
1858. The total capital account of
national banks as of June 29, 1857,
equalled 1920 per cent of total Ii
abilities and amounted to $3,784,-
G47.0C.
There were IS state banks and
trust companies, including mutual
savings banks and branches, as of
June 29, 1857, which represents an
increase of three for the year.
There were seven national banks,
an increase of one for the year.