Annual Report of the Comptroller of the Currency 1885ANNUAL REPORT OF THE COMPTROLLER OF THE CURRENCY TO THE FIRST SESSION OF THE FORTY-NINTH CONGRESS OP. THE U NITED S TATES. DECEMBER

ANNUAL REPORT

OF THE

COMPTROLLER OF THE CURRENCY

TO THE

FIRST SESSION OF THE FORTY-NINTH CONGRESS

OP. THE

U NITED S TATES.

DECEMBER 1, 1885.

WASHINGTON:GOVERNMENT PRINTING OFFICE.

1885.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TREASURY DEPARTMENT,Document No. 760,1st ed.

Comptroller of the Currency

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE OF CONTENTS.

f A full index will be found at page 247 of this volume.]

REPORT.Page.

Report submitted for consideration of Congress 5National banks organized during the year, with their location by States, capital, and circulation.. 5National banks organized since the establishment of the system 6National banks closed since the establishment of the system 6National banks extended during the past year 6Effect of the act of July 12,1882, as to minimum of bonds deposited 6Increase of small banks 7Extension of the corporate existence of national banks 7Amendments in the act for the extension of corporate existence suggested 8Circulation 13Changes in bonds since November 1,1884 14Contraction of national-bank circulation 14Measures for the increase of profit on national-bank circulation suggested 16Reduction of tax on circulation recommended 16Safety-fund system 17Circulation based on silver IDIncrease in silver certificates and standard dollars 20Effect of the present law authorizing the coinage of the silver dollar 20Bank-note issues of other conntries - 20Bank-note issues of England, Scotland, Ireland, Canada, English Australasian colonies, France,

Germany, Austria, Belgium, Netherlands, Denmark, Norway, Sweden, Russia, Switzerland,Italy, Spain, Portugal, and Japan 21

Amount of interest-bearing funded debt and the amount held by the national banks as securityfor circulating notes 31

Comparative statements of the national banks for eleven years 34Resources and liabilities of national banks on October 1, 1885, classified as to city and country

banks 35Twenty-five States having the largest national banking capital 36Redemptions of national bank-notes 36Nation al-bank failures 38Taxation 41State taxation of national banks 4JLoans and rates of interest 47Dividends and earnings WTransactions of the New York Clearing House 51Transactions of clearing-houses in other cities 54Clearing-house certificates 54Reserve 5€Denominations of paper circulation of the United States - 58Denom inations of notes of the Imperial Bank of Germany and the Bank of France 60

4 Distribution of coin and paper currency 62Specie in bank and in the Treasury of the United States 65Estimated amount in the country 66Specie in Bank of England 68Specie in Bunk of France and proportions Of gold and siTveTft*^. 68Number, en pi till, and deposits of State and(a<tttfc£&]tfVi|ltPl!bd prorate bankers 68Amount of United States bonds held by banks oigx^pked under States laws 70State banks, trust companies, aqft fcajjn^banks^._.......^..^.....j.^ T 71Private bankers ,..,.«^^,.^«,..,..................._„„.., 73

3


4 CONTENTS.

APPENDIX.Page.

Names and compensation of officers and clerks 75Expenses of the office . . 76Synopsis of judicial decisions 77Banks, the corporate existence of which was extended prior to November 1, 1885 107Banks, the charters of which expire during 1886 107Number, capital, bonds, and circulation of national banks 108Numbers and denominations of national-bank notes issued, redeemed, and outstanding 109Losses to holders of notes of insolvent national banks if notes had been unsecured except by first

lien on general assets, and if issue had been permitted to various percentages of capital 110Percentage of circulation unredeemed at the expiration of three years from date of voluntary

liquidation 114Percentage of circulation unredeemed at the expiration of six years from date of voluntary

liquidation 115Principal liabilities and resources on October 1,1885, by States and reserve cities, arranged in

eight principal divisions 116Number of banks with capital over $150,000 and with capital under $150,000 120Number of banks, with capital and minimum of bonds required, increase of circulation if au-

thorized to par value 122Monthly and yearly increase and decrease of »national-bank circulation 124Average prices of United States bonds and interest realized thereon to investors, annual profit

on national-bank circulation 125Circulation issued and legal-tender notes deposited to retire the same 126Banks in voluntary liquidation under sections 5220 and 5221 Revised Statutes of the United States. 127Banks in liquidation under sections 5220 and 5221 Revised Statutes of the United States, for the

purpose of organizing new associations „ 135Banks in liquidation under section 7, act of July 12, 1882 137Banks in liquidation under section 7, act of July 12,1882, succeeded by associations with same or

different title 138Banks in the hands of receivers 139Classification of the loans and discounts of national banks 144Dividends and earnings of national banks 146Clearings and balances of the banks in New York City, by weeks 154Lawful money reserve of the national banks 156Number of State banks, trust companies, savings banks, and private bankers, with average

amount of capital, deposits, and investments in United States bonds 160Capital and deposits of State banks, private bankers, t rust and loan companies, and savings

banks 168Resources and liabilities of State banks, savings banks, and trust companies at various dates . . 174National-bank and legal-tender notes outstanding at various dates 181Abstract of resources and liabilities of national banks for each year from 1863 to 1885 182Abstract of reports of the condition of the national banks during the past year 20 0General index 247


EEPORT

THE COMPTROLLER OF THE CURRENCY.

TREASURY DEPARTMENT,OFFICE OF COMPTROLLER OF THE CURRENCY,

Washington, December 1, 1885.I have the honor to submit for the consideration of Congress, in com-

pliance with section 333 of the Eevised Statutes of the United States, thetwenty-third annual report of the Comptroller of the Currency. Duringthe year ending November 1, 1885, one hundred and forty-five bankshave been organized, with an aggregate capital of $16,938,000; circu-lating notes have been issued to these new associations amounting to$4,274,910* The following table gives the number of banks organizedin each State and Territory during the year ending November 1, 1885,with their aggregate capital and circulation:

States and Territories. No. ofbanks.

111110261111221723237410113611714421211112

145

Capital.

$100, 00050, 000100, 000150, 000

1, 685, 000150, 000800, 000210, 00050 000

400^ 000125, 000250, 000150, 00050, 000

500, 000300, 000550, 000100, 000250, 000

1, 550, 0001, 050, 0002, 508, 0001, 865, 000150, 000350, 00075, 000965, 000710, 000275, 000300, 000200, 000160, 00U50, 000560, 00050, 000150, 000

16, 938, 000

Bonds de-posited.

$25, 00013 00025, 00037, 500

790, 00065, 000

182, 50050, 00012, 50050, 00050, 0007L,00055, 00012, 500

128, 00080, 000140, 00025, 000155, 000546, 000675, 000312, 000365, 50065, 000

164, 50019, 000

241, 300180, 00069, 00062, 50050,00040, 00012, 500140, 00012, 50037, 500

4, 959, 300

Circulationissued.

$22,500

22, 50033, 740711,00058, 500164, 24045, 000

45, 00045, 00018, 90049, 50011, 240

115,19072, 000

126, 00022, 490

139, 500491, 400607, 500280, 780328, 88058,490136, 78017,100217,120148, 39011, 25056, 25045, 00036, 00011, 25081,42011, 25033,750

4, 274, 910

MaineNew HampshireVermontMassachusetts ..New YorkNew JerseyPennsylvania...DelawareMarylandVirginiaNorth Carolina .GeorgiaFloridaMississippiTexasArkansasKentuckyTennesseeMissouriOhioIndianaIllinoisMichiganWisconsinIowaMinnesotaKansasNebraskaOregonColoradoUtahMontanaWyomingDakotaWashingtonCalifornia

Total


6 REPORT OF THE COMPTROLLER OF THE CURRENCY.

These banks are located by geographical divisions, as follows: East-ern States 4 banks, with capital of $400,000; Middle States, 20, withcapital of $2,895,000; Southern States, 21, with capital of $2,425,000;Western States, 76, with capital of $9,473,000; Pacific States, 8, withcapital of $725,000; Territories, 16, with capital of $1,020,000.

Since the establishment of the national banking system, on February25,1863, there have been organized 3,406 national banks. Of these 432have gone into voluntary liquidation for the purpose of winding up theiraffairs; 79 have gone into voluntary liquidation for the purpose of reor-ganization; 64 are in liquidation by expiration of their charter, of whichnumber 38 have been reorganized; and 104 have been placed in the handsof receivers for the purpose of closing up their affairs; leaving the totalnumber in existence 2,727, on November 1,1885, which is the largest num-ber that has been in operation at any one time.

The corporate existence of 864 national banks expired during the yearending November 1, 1885, of which 801 have been extended under theact of July 12, 1882. Forty-eight have permitted their corporate exist-ence to expire, and are in liquidation under section 7 of said act (32 ofwhich have been succeeded by other banks located in the same places,and with nearly the same shareholders), and 13 have been placed involuntary liquidation by vote of shareholders owning two-thirds of theirstock, of which 7 were succeeded by other banks. The remaining 2became insolvent, and were placed in the hands of receivers. The cor-porate existence of 14 national banks, with an aggregate capital of$4,450,000, will expire during November and December of this year;and the corporate existence of 18 national banks, with an aggregatecapital of $3,135,000, will expire during 1886. Four national banks,with an aggregate capital of $600,000, have failed and been placed inthe hands of receivers during the year.

Under the provisions of the act of July 12, 1882, national banks witha capital of from $50,000 to $150,000 may be organized upon a minimumdeposit of United States bonds equal to 25 per cent, of such capital.The minimum deposit of bonds required by law to be made by bankswith a capital of upwards of $150,000 is $50,000. The following tableshows the number of banks organized from July 1,1882, to July 1,1885,their capital stock, amount of bonds deposited in accordance with law,and the circulation issued thereon:

Tear.

July 1,1882, to July 1,1883..July 1,1883, to July 1,1884..July 1,1884, to July 1,1885..

Numberof banks.

251218142

Capital.

$26, 552, 30019, 944, 00015, 205, 000

Minimumbonds

required.

$5,155, 5004,016,0003, 061, 250

Bondsactually

deposited.

$7,116,4004, 676,1003, 332, 800

Percentageof excess

Per cent.28148

Circulationissued.

$6, 404,7604,208,4902,999, 520

An examination of the foregoing table shows that 611 banks havebeen organized between the dates above given, with a capital of$61,701,300; that they have deposited $15,125,300 of bonds, upon whichcirculation to the amount of $13,612,770 has been issued. The mini-mum deposit of bonds, as required by law for said banks is $12,232,750,and it will be seen that while the actual deposit has in the aggregateexceeded the minimum, yet this excess has steadily decreased duringthe three years covered by the table. The excess above the requiredminimum of bonds deposited from July, 1882, to July, 1883, was 28 percent, of the total deposit. From July, 1883, to July, 1884, this excesswas 14 per cent, only of the total deposit, and from July, 1884, to July,


REPORT OF THE COMPTROLLER OF THE CURRENCY. 7

1885, the excess was still further diminished to 8 per cent. This showsconclusively that the banks organized between the periods named havenot been induced to enter the system on account of the profit to be de-rived from the issue of circulating notes, but because it was believed bytheir managers that they would have a better credit and standing withthe public under the national bank act than as State or private banks.

It is also to be noted that the reduction by the act of July 12, 1882,of the minimum amount of bonds to be deposited by national banks of$150,000 capital and under to one-quarter of their capital stock hashad a tendency to increase the organization of small banks throughoutthe country. While the number of banks organized from July 1, 1870,to July 1, 1882, with a capital of $150,000 and under was 232, the num-ber of banks of this class organized from July 1, 1882, to July 1, 1885,was 548, These small banks have in many instances been organized totake the place of private banking firms and small State banks, partic-ularly in the West, Northwest, and Southwest. It is believed that thischange is to the advantage of the public, as the majority of these bankswere previously carrying on a banking business without being subjectto an examination of their affairs, and without the security given by thepublication of sworn statements of their condition, to which supervisionand requirement they will be subject under the national bank act.

Under the present law, the minimum deposit of bonds required to bemade by the 2,714 national banks in operation in the United States onOctober 1, 1885, would be but $80,970,423 in order to continue as na-tional banking associations. A table has been prepared and will befound in the Appendix, showing for the national banks in each State,Territory, and reserve cities, the minimum amount of bonds requiredby law, the bonds actually held, and the circulation issued thereonOctober 1, 1885. This table also shows the increased amount of circu-lation which the national banks might issue in the event of the passageof a law authorizing them to issue circulation equal to the par value ottheir bonds on deposit.

It is believed that the national banking system will be continuedeven if the associations organized under it cannot issue circulation ata profit, inasmuch as the experience under it has shown it is for the bestinterests of the public, as well as of the banks, that this business shouldbe carried on under a general law having effect throughout all the differ-ent States. This statement is made without prejudice to banks organizedunder the statutes of those States which contain provisions and restric-tions similar to those of the national banking law. In many of theStates, however, the banking laws are defective, and it is evident thatthe legislation upon the subject cannot be homogeneous, nor the work-ing of the laws so harmonious and useful under statutes passed bythirty-eight States as under one general law of Congress applicable toall banking institutions.

EXTENSION OF THE CORPORATE EXISTENCE OF NATIONAL BANKS.

The original national currency act of February 25, 1863, providedin section 11 that banks organized under its provisions should havesuccession for a period of not exceeding twenty years from the date ofsaid act, as follows:

Every association formed pursuant to the provisions of this act may make anduse a common seal, and shall have succession by the name designated in its articlesof association, and for the period limited therein, not however exceeding twentyyears from the passage of this act.



Under the provisions of this act 488 banks were organized, of which88 had ceased to exist prior to January 1, 1882, leaving 400 still in op-eration on that date. Of these, 314 were extended under the act ofJuly 12,1882, 72 were succeeded by other associations with the same ordifferent names, 12 went out by voluntary liquidation or expiration ofcorporate existence without successors, and 2 were placed in the handsof receivers. The corporate existence of 297 of these banks expired onFebruary 25, 1883, and 270 were then extended 5 while 103 expired pre-vious to that date, of which 44 were extended. ,

The national bank act of June 3, 1864, superseding that of February25,1863, provides in section 8 that each national bank shall have suc-cession for twenty years from the date of its organization, that is, fromthe date of its organization certificate. This section was embodied insection 5136, Kevised Statutes, now in force, which is as follows:

Upon duly making and filing articles of association and an organization certificate,the association shall become as from the date of execution of its organization certifi-cate a body corporate, and as such and in the name designated in the organizationcertificate, it shall have power: First, to adopt and use a corporate seal; second, tohave succession for a period of twenty years from its organization, unless it is soonerdissolved according to the provisions of its articles of association, or by the act of itsshareholders owning two-thirds of its stock, or unless its franchise becomes forfeitedby some violation of law.

Anticipating the fact that a large number of national banks wouldexpire by limitation during the years 1882 and 1883, the Comptroller ofthe Currency, in his annual report for 1881, recommended that an actbe passed providing that any national bank might, with the approvalof the Comptroller, at any time within two years prior to the date ofexpiration of its corporate existence, extend its period of succession fortwenty years by amending its articles of association.

In accordance with this recommendation, a bill was introduced soonafter the assembling of the Forty-seventh Congress, and was referredto the Committee on Banking and Currency, and by that committee re-ported to the House, and after considerable discussion, passed on May30, 2882, by a vote of 125 to 67.*

The bill was amended in the Senate in many particulars, and passedthat body June 22, 1882, by a vote of 34 to 14.t It subsequentlypassed the House July 10,1882, upon a report of conference committee,yeas 110, nays 79, not voting 101,$ and received the approval of thePresident July 12, 1882.

Prior to the passage of this act the right of shareholders of nationalbanks whose corporate existence was about to expire, to organize underthe national bank act new associations with the same names, in or-der to retain as far as possible their business and the prestige of theirnames, which had become known throughout the country, was in doubt,and inasmuch as there was then no statute permitting the extension oftheir corporate existence, the opinion of the Attorney-General was re-quested on this point, and on the 23d of February, 1882, an opinionwas given, in which he said: 1

The present national banking laws do not forbid the stockholders of an expiringcorporation from organizing a new banking association, nor from assuming the nameof the old corporation, with the approval of the Comptroller of the Currency, and inthe absence of any prohibition to that effect, no legal obstacle to the formation of anew association by such stockholders, and the adoption of the name, of the old associ-ation, would in my opinion exist.

* Congressional Record, No. 120, p. 25, Forty-seventh Congress,t Ibid,, No. 147, p. 32.$IMd., July 11,1882.


EEPORT OF THE COMPTROLLER OF THE CURRENCY. V

As there was some uncertainty in regard to the passage by Congressof the act for the extension of the corporate existence of national bank-ing associations, fifty banks gave notice of liquidation, and in most in-stances new associations were organized with the same titles and the samestockholders as those which had been placed in liquidation. A provisoattached to section 5 of the act of July 12,1882, requires that in the or-ganization of any banking association, intended to replace any existingbanking association and retaining the name thereof, the holders ofstock in the expiring association shall be entitled to preference in theallotment of the shares of the new association in proportion to the num-ber of shares held by them respectivelv in the expiring association.

Under the act of July 12,1882, nearly all of the banks then in exist-ence which were organized under the act of February 25,1863, extendedtheir corporate existence during the following months:July, 1882 6August, 1882 9September, 1882 7October, 1882 5November, 1882 4December, 1882 7January, 1883 4February, 1883 * 2February 25, 1883 270

Total 314

The whole number of banks organized under the act of June 3, 1864,to the date of the act of July 12,1882, was 2,266, of which 450 had beenclosed, leaving 1,816 in operation on that date. The following tablegives the number of these banks, the original periods of succession ofwhich will terminate during each year from 1886 to 1899 inclusive, withtheir capital and circulation:

Tears.

1886188718881889 .. .. . .18901891 .. . . .189218931894 .18951896189718981899

Total

Numberof banks.

1851136310410339678123282741

613

Capital.

$3,135, 000950, 000

1, 250, 000600, 000

9. 290, 50013,193, 90012, 879> 6004, 740, 0007, 638, 00030,665,0001, 968. 0002, 969, 0002, 649, 0004, 820, 000

76, 748, 000

Circulation.

$1, 848,250925,000719,100450, 000

6, 419, 9509,120, 8808, 300, 8703, 849, 4005, 819,1507, 650, 0001, 525, 5002,106, 0002, 208, 6003, 811, 900

54,754,600

On November 1, 1885, 885 banks organized under the act of June 3,1864, had been extended, making, with the 314 extensions of banks or-ganized under the act of February 25,1863, 1,19& associations the cor-porate existence of which has been extended under the act of July 12,1882. In the Appendix will be found a table showing the distributionand capital of these banks by States. During the year ending Novem-ber 1, 1885, the periods of succession of 864 banks organized underthe act of June 3, 1864, terminated. Of these, 801 have already ex-tended their corporate existence, 5 were placed in voluntary liquidation

"Before February 25, 1883.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

10 EEPORT OF THE COMPTEOLLER OF THE CURRENCY.

by the vote of stockholders owning two-thirds of their stock, 15 werepermitted by their stockholders to close at the end of their periods ofsuccession, 4 were placed in the hands of receivers, and 39 were suc-ceeded by other associations with different names but with the sameshareholders, wholly or in part. From November 1 to December 31,1885, 14 banks will expire, all of which have applied in due form forextension.

Among the banks extended during the year were 30 in the city ofNew York, with an aggregate capital of $35,350,000, as well as a largenumber in Boston, Philadelphia, and other principal cities, being someof the largest banking institutions in the United States. It is also in-teresting to note that many of the banks extending during the pastyear were originally organized under the various State laws, and thecontinuation of their existence under the national banking system indi-cates their belief that it is for their best interests to do business underthe general banking laws of the United States.

The number, capital, and circulation of the national banks whoseperiods of succession terminated between November 1, 1884, and No-vember 1, 1885, are shown by the following table, which also indicatesthe number whose corporate existence has been extended, and the num-ber which have expired and have been succeeded by other nationalbanks:

Date.

Num-ber

banksthathave

expired,

Capital. Circula-tion.

Numberbanksthat

have ex-tended.


Numberbanks

succeed-ed byother

banks.


1884.NovemberDecember

1885.JanuaryFebruaryMarch .April...*&y ...June. . .July .. .AugustSeptember.October ..

Total....

48 $16,695,150110

10968126851221392414127

40, 415, 240

27, 549, 50011, 576, 00032, 336,35024, 941, 97028, 507, 33050, 094, 9154, 915, 0001, 951, 0001, 775, 000905, 000

$9, 635,45022, 269, 290

16,420, 0157,921,94017,411, 51013, 082, 08518, 931, 59525, 418, 9102, 047, 8001,129, 500

913, 950729, 000

* 46106

9466316791161312110

$16,195,15038, 515, 240

25, 054, 50011, 226,00030, 946, 35021, 266, 97027, 807, 34047, 669, 9154, 265, 0001, 516, 0001,125, 000

905, 000

241, 662, 455 130, 911, 045 801

$9, 545,45022, 099, 640

14, 467,3657, 815,74016, 507, 01012, 704, 08518,496, 84519, 877, 5601, 522, 800891, 000711, 450729, 000

$200, 0001, 850, 000

$45, 000157, 500

2,145, 000 1, 637, 650

855, 000275, 000300, 000300, 000650, 000375, 000650, 000

567, 000153, 000202, 500176, 850525, 000184, 500202, 500

226,492, 465 125, 367, 945 39 7, 600, 000 3, 851, 500

It will be seen from the foregoing statements that a larger number ofnational banks expired by limitation during the year ending November1, 1885, than have or will expire during any other year between thepassage of the act of July 12, 1882, and the year 1900.

The additional labor entailed upon this office by the extension of solarge a number of banks in so short a period of time has been very con-siderable, it being necessary in all instances to carefully examine theoriginal articles of each association as well as the amendments and thesignatures of assent of the shareholders thereto. On account of section6, which provides that new circulating notes shall be issued to eachextended association, duplicate accounts have necessarily been openedupon the books of this office with every extended bank, and in accord-ance with the third section of the act it has been necessary that a specialexamination should be made of each bank to determine its condition, asbefore granting a certificate of approval for extension to any association


EEPOET OF THE COMPTROLLER OF THE CURRENCY. 11

the Comptroller must be satisfied that its capital is UDimpaired and thatit is otherwise in a sound condition.

It appears to be a matter of congratulation to the friends of the na-tional banking system that the associations, the original periods of suc-cession of which have terminated, have up to this time as a rule decidedto continue in business, notwithstanding the fact that very little if anyprofit can be made upon circulation under the present provisions of thelaw and the prevailing high prices of Government securities.

The provisions of the act for the extension of the corporate existenceof national banks in the main appear to be admirably suited for thatpurpose. Those of the first and second sections, which provide that theperiod of succession may be extended by simply amending the articlesof association, by the consent in writing of shareholders owning notless than two-thirds of the capital stock, are simple and easily carriedout by the banks.

Section 3, which provides for a special examination of the associationin order to determine its condition, is also well adapted for the purpose.

That part of section 4 which provides that the extended bank shallcontinue to be in all respects the identical association it was before theextension of its period of succession prevents any break or disturbancein its business, enables the bank to retain its surplus fund, and is espec-ially useful in the matter of any litigation for collection of assets, titleto property, &c.

It would, however, appear that some of the provisions of section 5might be amended with advantage to the public. Said section is asfollows:

SEC. 5. That when any national banking association has amended its articles o*association as provided in this act, and the Comptroller has granted his certificate ofapproval, any shareholder not assenting to such amendment may give notice inwriting to the directors, within thirty days from the date of the certificate of ap-proval, of his desire to withdraw from said association, in which case he shall beentitled to receive from said banking association the value of the shares so held byhim, to be ascertained by an appraisal made by a committee of three persons, one tobe selected by such shareholder, one by the directors, and the third by the first two jand in case the value so fixed shall not be satisfactory to any such shareholder, hemay appeal to the Comptroller of the Currency, who shall cause a reappraisal to bemade, which shall be final and binding; and if said reappraisal shall exceed thevalue fixed by said committee, the bank shall pay the expenses of said reappraisal,and otherwise the appellant shall pay said expenses; and the value so ascertainedand determined shall be deemed to be a debt due, and be forthwith paid, to saidshareholder, from said bank ; and the shares so surrendered and appraised shall,afttr due notice, be sold at public sale, within thirty days after the final appraisalprovided in this section : Provided, That in the organization of any banking associ-ation intended to replace any existing banking association, and retaining the namethereof, the holders of stock in the expiring association shall be entitled to prefer-ence in the allotment of the shares of the new association in proportion to the num-ber of shares held by them respectively in the expiring association.

Provision is thus made to ascertain the value of shares of non-assent-ing shareholders, by an appraisal to be made by a committee of threepersons, one to be selected by the non-assenting shareholder, one by thedirectors, and a third by the first two. But if the bank does not heedthe notice of withdrawal and declines to appoint a person to serve onthe committee of appraisal, there is no penalty for such neglect, andapparently the shareholder's only remedy is by a suit in some court ofcompetent jurisdiction. I therefore conclude that some provision shouldbe made for the enforcement of this section. Provision is also made, incase the value of the shares fixed by the committee of appraisal is not sat-isfactory to the shareholder, that he may appeal to the Comptroller of theCurrency, who shall cause a reappraisal to be made, which shall be final


12 EEPORT OF THE COMPTROLLER OF THE CURRENCY.

and binding. No provision is, however, made for an appeal on the partof the bank, where the valuation fixed by the committee is not satisfac-tory to it. I have to recommend, therefore, that the section be amendedto obviate this defect.

Provision is further made that after the appraised value has beenpaid to the shareholder, as provided by law, and the shares surrendered,the same shall, after due notice, be sold at public sale within thirtydays after the final appraisal. It appears that in many cases thirtydays is not sufficient time for the bank to realize a fair price for shareswhich it is thus compelled under the law to purchase, and inasmuch assection 5201 of the Bevised Statutes provides that stock purchased oracquired to prevent loss upon a debt previously contracted in goodfaith may be sold at any time within six months from the date of itspurchase, at public or private sale, it would seem that the law shouldgrant at least as long a period for the sale of the stock which an asso-ciation is compelled to take from a retiring stockholder under the act ofextension, and the Comptroller recommends an amendment to thiseffect.

Section 6, which relates to the circulation of extended associations, isas follows:

SEC. 6. That the circulating notes of any association so extending the period of itssuccession which shall have been issued to it prior to such extension shall be redeemedat the Treasury of the United States, as provided in section three of the act of Junetwentieth, eighteen hundred and seventy-four, entitled "An act fixing the amountof United States notes, providing for redistribution of national-bank currency, andfor other purposes," and such notes when redeemed shall be forwarded to the Comp-troller of the Currency, and destroyed, as now provided by law; and at the end ofthree years from the date of the extension of the corporate existence of each bank theassociation so extended shall deposit lawful money with the Treasurer of the UnitedStates sufficient to redeem the remainder of the circulation which was outstandingat the date of its extension, as provided in sections fifty-two hundred and twenty-two,fifty-two hundred and twenty-four, and fifty-two hundred and twenty-five of the Re-vised Statutes; and any gain that may arise from the failure to present such circulat-ing notes for redemption shall inure to the benefit of the United States; and fromtime to time, as such notes are redeemed or lawful money deposited therefor as pro-vided herein, new circulating notes shall be issued as provided by this act, bearingsuch devices, to be approved by the Secretary of the Treasury, as shall make themreadily distinguishable from the circulating notes heretofore issued : Provided, however,That each banking association which shall obtain the benefit of this act shall reim-burse to the Treasury the cost of preparing the plate or plates for such new circulat-ing notes as shall be issued to it.

It is respectfully submitted that more than three years should begranted within which to deposit lawful money to retire the remainderof the circulation outstanding at the date of extension. If this periodshould be extended to six years the necessary deposit would then becomparatively small. In the natural course of redemption the outstand-ing circulation of old design of extended associations is constantly beingdecreased, as all such notes redeemed are retired without regard to theirfitness for circulation, notes of a new design, as provided by law, beingissued in their place. See tables, pages 114,115.

Upon reference to a statement heretofore made of the extension ofthe corporate existence of national banks organized under the act ofFebruary 25, 1863, it will be noticed that 270 banks, with a circulationof $47,997,430, were extended on February 25, 1883, and therefore law-ful money must be deposited under section 6 within thirty days fromFebruary 25,1886, to retire such portion of this circulation as then re-mains outstanding. From the redemptions of this circulation made inregular course, it has for some time been evident to the Comptrollerthat the amount of the final deposit required by this law to be made in



lawful money during the thirty days succeeding February 25, 1886,would be very large, and that this deposit of lawful money within soshort a period would perhaps occasion some temporary disturbance atmoney centers, particularly as some time would necessarily elapse be-fore new circulation to replace that retired could be issued by the banks.

In this connection I desire to call attention to a portion of section 9,which provides that in the aggregate not more than three million dol-lars of lawful money shall be deposited by national associations duringany calendar month in order to withdraw their circulating notes, exceptwhen bonds owned by the association shall be called for redemption by theSecretary of the Treasury. It does not appear that lawful money de-posits made under section 6 are exempted from the provisions of section9 referred to, and inasmuch as the deposits under section 6 may attimes exceed $3,000,000 in any one month, there is an apparent conflictin the act. I therefore recommend that the time of deposit be extended.I also recommend that section 9 be so amended that its provisions shallnot apply to the deposit of lawful money by extended associations.

In anticipation of the difficulty which might arise after February 25,1886, from the apparent conflict of law referred to, and from.the largedeposit of lawful money, which, if not made before, would, by the law,be required to be made within thirty days following that date, theComptroller, early in the present year, began to advise national bankswhich would be required by section 6 to make deposits of lawful moneyon or before March 25, 1886, in order to prevent, if possible, any dis-turbance, to make such deposits in advance, in sums of $10,000 ormultiples thereof, extending them over a period of some months. Thesebanks were also advised to order in advance the preparation of notesof new design, that they might be in readiness to be issued to replacethe circulation retired by the deposit of lawful money under section 6.Early in August a printed circular letter embodying this advice wassent to all the national banks interested. Many of the banks so ad-dressed have responded, and it is believed that the action of this officehas had an excellent effect, and that the amount of lawful money to bedeposited within thirty days after February 25, 1886, will be much lessthan if this action had not been taken.

If the only object of section 6 is to enable the United States to gainthe benefit from lost or destroyed notes, this object might have beenaccomplished by simple enactment to this effect, without the expenseof the issuance of new notes and the deposit of lawful money. ~~

The extension of the franchises of expiring associations for the solepurpose of liquidating their affairs until closed, as provided for in sec-tion 7, appears to answer its purpose.

The remaining sections of the act are for purposes other than theextension of the corporate existence of national banks, and it is notnecessary in this connection to make any statement in regard to theirprovisions.

At this date but two reappraisals have been made of the stock ofnon-assenting shareholders, under section five, by the Comptroller ofthe Currency.

CIRCULATION.

Notwithstanding the fact that 145 new banks were organized duringthe past year, with a capital of $16,938,000, depositing $4,959,300 ofbonds as security for circulating notes, the aggregate of bonds on de-posit for that purpose has diminished from $325,316,300 to $308,364,550.

The- following table gives the various kinds and amounts of bondsDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


deposited by the banks to secure their circulating notes on November1, 1883, November 1, 1884, and November 1, 1885.

Three-and-a-halfsThreesT\>u r- an d- a-halfs

Fours . . - -.

1883.

$632, 000201,327,750

41,319,7003, 463, 000

106,164, 850

352, 907, 300

1884.

$155, 604, 40049, 537, 450

3, 469, 000116, 705, 450

325, 316, 300

1885.

$138, 920, 65049, 547, 250

3, 505, 000116,391,650

308, 364, 550

By reference to this table it will be seen that the aggregate reduc-tion of bonds deposited for the year ending November 1, 1885, was$16,951,750. The changes were as follows: An increase of $^6,000 inPacific currency sixes and of $9,800 in the amount of four-and-a-halfper cents deposited, a reduction of $313,800 in the amount of four percents held, and a reduction of $16,683,750 in the amount of three percents held, payable at the option of the Government. Of the three percents $9,586,200 had been called for payment, and interest had ceasedon November 1, 1884.*

The following tables show the decrease of national-bank circulationduring the years ending November 1, 1883, November 1, 1884, andNovember 1, 1885, and the amount of lawful money on deposit at each,of the dates named:National-bank notes outstanding November 1,1882, in-

cluding notes of national gold banks $362,727,747Less lawful money on deposit at same date, including

deposits of gold banks 38,423,404$324,304,343

National-bank notes outstanding November 1,1883 352,013,787Less lawful money on deposit November 1,1883 35,993,461

« - 316,020,326

Net decrease of circulation/*.,^v.&?^Jfm}hft':ff A fj.yt 8,284,017

National-bank notes outstanding November 1, 1883, in-cluding notes of national gold banks 352,013,787

Less lawful money on deposit at same date, includingdeposits of national gold banks 35,993,461

316,020,326National-bank notes outstanding November 1, 1884, in-

cluding notes of national gold banks 333,559,813Less lawful money on deposit at same date, including

deposits of national gold banks 41,710,163291,849,650

Net decrease of circulation. £ J v . .*?^2 . Qti'?.'* /A /. r. 24,170,676

National-bank notes outstanding November 1, 1884, in-cluding notes of national gold banks 333,559,813

Less lawful money on deposit at same date, includingdeposits of national gold banks 41,710,163

• 291,849,650National-bank notes outstanding November 1,1885, in-

cluding notes of national gold banks 315,847,168Less lawful money on deposit at same date, including

notes of national gold banks 39,542,979— 276,304,189

Net decrease of circulation^.^1? ._*•*).£ '.fÂ...:../. (.* 15,545,461

# A large proportion of these bonds were replaced by others.



It will be seen that the banks held on November 1,1884, $155,604,400,and on November 1,1885, $138,920,650, of three per cents under the actof July 12,1882, payable at the pleasure of the Government. The Sec-retary of the Treasury, during the year ending November 1, 1883, paid$105,634,150, and during the year ending November 1,1884, $105,970,450of the public debt. In the latter year three per cents only were called.No bonds were called for the year ending November 1, 1885. Reason-ing upon the theory that the public debt would, during the year endingNovember 1, 1885, continue to be reduced by the payment of three percent, bonds, and that this reduction would occasion the reinvestment oftrust and other funds invested in threes, and cause a greater demand forand consequent increase in the price of four percent, bonds to a point atwhich it would be more profitable for the national banks to sell them,the Comptroller estimated in his last annual report to Congress, thatunless legislation should be secured enabling the banks to issue cur-rency at a fair profit, circulation would be reduced at the rate of at least$40,000,000 per annum. It is believed that this estimate would havebeen substantially correct had the Government continued during 1885to call and pay the three per cent, bonds as rapidly as during the twoprevious years.

The reduction of circulation of national banks during the year endingNovember 1, 1885, for reasons other than the call of bonds by which itwas secured, was greater than anticipated. The causes which have ledto this result are small profit remaining to national banks on circulationafter paying the tax of 1 per cent, per annum imposed by the Govern-ment; reduction in the rates of interest throughout the country, occa-sioned by the abundance of money in the financial centers; and, doubt-less, uneasiness among certain of the bankers of the country as to theoutcome of the iucrease of silver in the Treasury, such increase indi-cating that possibly the interest on the public debt, and even someportion of the principal, might be paid in standard silver dollars, andthat Government bonds might thereb5T become depreciated in foreignmarkets, which would undoubtedly affect their price in this country.The credit and standing of this country is deservedly high, and it isnot believed that the people desire either the principal or interest onthe bonded debt of this country to be paid in anything but gold coinor its equivalent. This matter was discussed at the time the bondswere issued, during the period of the refunding of the debt, and thepreparations for the resumption of specie payments, and the convictionis general that the faith and credit of this Government is pledged forthe payment of its securities in gold coin or its equivalent.

The Comptroller in his last annual report made the following state-ment:

The time of the final payment of the debt is, however, yet distant, and withappropriate legislation there will probably be for many years no lack of bonds as asafe basis of circulation. Moreover, no feasible plan with other security has as yetbeen suggested, affording a sound currency redeemable on demand in specie, and theComptroller believes that it is extremely doubtful whether, after the experience ofthe last twenty years, the people would be satisfied with a currency based on anysecurity other thai United States bonds.

Public sentiment seems to be in favor of the payment of the public debt as rapidlyas possible, and while no doubt this is in general a correct principle, yet as it isapparent that such payment must extend under the most favorable circumstancesover a long future period, the interest during which time is as much a portion of thedebt as the principal, it is a question if it would not be of ultimate benefit to thecountry and a payment of the debt to reduce the interest upon it to a minimum rateand defer the payment of the principal, thus giving for many years a safe basis* fornational-bank circulation. This course would be particularly advantageous if the


16 REPORT OF THE COMPTROLLER OF TitE CURRENCY.

revenues of the Government are hereafter reduced to a point which,after providingsufficient means for carrying on public business, will necessitate a more gradualreduction of the principal of the debt.

The measures introduced in the Senate and House of Kepresentativesduring the last session of Congress to enable national banking associa-tions to issue circulation to the par value of the bonds deposited, andfor the funding of the high-rate bonds of the United States into bondsbearing a lower rate of interest, did not become laws, the law taxingcirculation was not repealed, and no legislation whatever in relation tothe national banks or the refunding of the public debt was enacted.

Unless some measures be taken whereby the banks may be enabledto issue circulation at a reasonable profit to themselves, the contractionof national-bank notes will continue. The profit on circulation may beincreased by the removal of the tax and by increasing the amount ofcurrency issued to the par value of the United States bonds deposited;and the Comptroller again respectfully recommends appropriate legis-lation for that purpose. Even if this be done, the national bank-notecirculation is still liable to reduction and final disappearance with thereduction and final payment of the debt of the United States.

Upon examining the various methods of issuing bank notes, adoptedin other countries, and which are described elsewhere in the report, itwill be seen that a large proportion of the issue of notes under the laws ofthe different Governments are based upon the credit of the banks—thatis to say, they are issued against the general assets of the various insti-tutions, and are not, as a rule, secured by special deposits or securitiesheld in trust, or by coin or bullion set apart specially for the protectionof the note-holder.

Irresponsible and illegitimate issues of bank notes have been commonto almost all civilized countries, and financial disturbances have againand again resulted from such issues, notwithstanding the attemptswhich have been made by many different Governments to correct theabuse.

Bank notes, which circulate as money among the people, should eitherbe well secured by special deposit of valuable assets in trust, or theyshould be issued only by corporations whose assets and managementare of such a character as to insure the payment of the notes, and thosecorporations should be compelled by law to carry a sufficient reserve inthe coin of the country for their prompt redemption. Under these cir-cumstances only are bank notes entitled to the confidence of the pub-lic. It is, of course, not to be expected that corporations or privatebankers will issue bank notes, if the law requires them to be based uponthe security of any form of debt and at the same time requires that anamount of coin or bullion equal to the notes issued shall be held by theissuing association for their redemption. There would be absolute losson such an issue. But as long as a bank note is payable on demand bythe issuer thereof, and the public are assured that it rests upon a stablefoundation of security, either deposited in trust or vested in the issuerin such a manner as to secure its ultimate payment, and as long as saidnote is protected by a reserve in proportion to the ordinary demands forcoin when needed for dealings with foreign countries or the naturalwants of trade, the public will use it as money on account of its greaterconvenience.

It being conceded that bank notes based upon coin or bullion will notbe issued in sufficient quantities for the convenience of the public, banksshould be permitted to issue notes upon other securities for the con-



venience of trade and commerce. The debt of a strong Government is,next to coin or bullion, the most available for this purpose, and in thiscountry up to this time the debt has supplied a safe and satisfactorybasis for bank notes, but in view of the anticipated payment of thepublic debt it becomes a question of interest how far bank notes cansafely be issued without other security than the general assets andcredit of the banks. If tln> liability of shareholders on account of notesissued is increased, and note-hold TS are preferred as against all othercreditors, circulating notes might perhaps be issued by joint stockbanks, under an improved safety fund system to a certain percentageof their capital, unsecured by a deposit of bonds.

My predecessor, Mr. Kuox, in his report for 1883 said:Experience has sliown that if instead of ninety dollars upon each one hundred

dollars of bonds, one hundred dollars of circulating notes had been issued uponevery seventy dollars of United States bonds deposited, there would nor, have been anyloss to the Government, or to the holders of the circulating notes of any of the nationalbanks which have failed during the last twenty years ; butthat there might havebeen an additional loss to the depositors, depending upon the ch tractor of the assetsheld in place of the portion of bonds which on this supposition would have been re-leased. If circulation had been issued to these insolvent banks, which had a capitalof about twenty millions, to the amount of their capital, the value of the bonds beingthe same, and there had been just previous to failure a decline in the market of 5 percent, upon the value of the bonds, the losses w-»uld not have exceede I one million ofdollars. These possible losses would have fallen upon the holders of the notes of suchfew banks only as became insolvent, or upon the creditors of these banks or the Gov-ernment; and if the gain arising from lost notes could have been used as proposed,these possible losses would have be n provided for.

He proposed that a safety fund should be accumulated, '1) from thegain arising from the accidental loss or destruction of the circulatingnotes of national banks; (2) from the tax upon circulation; and (3)from interest to be derived at a low rate upon the fund on deposit inthe Treasury for the purpose of redeeming the notes of national b inksretiring circulation, which now amounts to more than thirty nine milliondollars.

The amount available for a safety fund from the first source is esti-mated now to be not less than six million dollars, and the amount de-rived from the tax of 1 per cent, per annum on circulation during theyear 1884 was more than three millions. Even if this tax for safetyfund purposes should be fixed at one half per cent., in the course ofthree years a safety fund would be in hand amounting to more thanten millions of dollars.

The results of the liquidation of 104 national banks which have failed,and the affairs of which have been liquidated or are in process of liqui-da'ion by receivers under the direction of this office, show in a veryinteresting manner to what extent it may be safe to permit banks underthe national system to issue circulation unprotected by a deposit ofUnited States bonds. Of these 104 banks, 70 have been finally closed,and for them the results are absolute. The remaining 34 are. stillin process of liquidation, but have progressed so far that the final re-sult can be estimated with comparative accuracy.

The dividends paid to the creditors of all these banks from the pro-ceeds of their general assets amount to $2^,379,080. They had an ag-gregate capital of $J1,858,900, upon which under the law they could, ondeposit ot bonds, issue 90 per cent., or $L9.G73,O1O of circulation, [f atthe time of their failure the law had permitted an issue of circulationto the amount of 90 per cent, of capital, unsecured e.ccept by a first lienon general assets of the 104 banks mentioned, the note-holders of 5S wouldhave experienced no loss. If the law had authorized an unsecured issue

5745 CUR 2Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


equal to 70 per cent, of capital, the notes of 71 of these banks wouldhave been redeemed from the proceeds of their general assets. At 40per cent., the notes of 90 would have been paid in full, and upon anunsecured issue of 25 per cent, of capital.* loss to note holders wouldhave occurred in the case of live banks only, or about $02,000 in all.

The experience with these 104 banks shows almost conclusively that iftheir issues to the amount of 65 per cent, of their capital had beensecured by a deposit of bonds to an equal amount, the remaining 25per cent, might have been issued without other security than a iirsfclien on the general assets, and if a safety fund had been in existence itwould in the case cited have been drawn upon to the extent ot $62,000only upon a circulation amounting to $5,464,700. For a beginning, there-fore, it might be safe to authorize banks to issue circulation amountingto 90 per cent, of their capital, 70 per cent, to be secured by an equalamount of United States bonds at par value, the remaining 20 per cent,being i!*siied without other security than a first lien on such assets.But if the law should provide for the accumulation of a safety fundin the manner suggested, then as such safety fund increased, the per-centage of circulation unsecured by bonds might be increased, as thediminution of the public debt might require aiid the safety fund war-rant.

Such legislation would have the effect of maintaining bank-note cir-culation, and prevent its being superseded by Government issues, whichan authority as high as Alexander Hamilton has said uare of a natureso liable to abuse, and it may even be affirmed so certain of beingabused, that the wisdom of the Government will be shown in nevertrusting itself with the use of so seducing and dangerous an experi-ment."

While the bank-note circulation of this country is steadily decreasing,there has been no reduction in the total circulating medium in theUnited States, the reduction in tin ua-tional-bank currency outstandinghaving been more than met by the coinage of the standard silver dollarand the issuance of certificates thereon.

The number of silver dollars coined under the provisions of the actof February 28, 1878, amounted to $213,259,43L on November 1, 1885,of which $163,817,342 remained in the Treasury of the United States,while $49,442,089 were in circulation on that date.

Under section 3 of the act mentioned above, silver certificates havebeen issued, which are represented by standard silver dollars in theTreasury of the United States, to the amount of $125,053,286. Of thesilver certificates so issued $31,906,514 remain in the Treasury of theUnited States, leaving $93,146,772 ot these certificates in circulation on[November 1, 1885. Through the operation of the act to authorize thecoinage of the standard silver dollar and to restore its legal-tender char-acter, the circulating medium if sued by the Government of the UnitedStates has been increased in the sum of $213,259,431, of which $49,442,089in standard silver dollars are in the hands of the people, and $70,670,570of like coins are in the Treasury of the United States, in addition to$93,146,772 of said standaid dollars which are represented by silvercertificates in the hands of the people, and which can be converted into

* The redemption of the notes from The proceeds of the general assets would of coursereduce the amount paid from (hose assets to the depositors. In the caê of the onehundred and four failed banks, if circulation to the amount of *25 per cent, of the cap-ital had been so redeemed, the average dividends to depositors would have been re-duced from 67 per cent, to 54 per cent, of the claims proved.



standard dollars at the pleasure of the holder, and are receivable forcustoms, taxes, and all public debts.

Under section 12 of the act of July 12, 1882, said certificates, whenheld by any national banking association, are to be counted as a part ofits lawful reserve, and national banks are forbidden to be members ofany clearing-house in which said certificates shall not be receivable inthe settlement of clearing-house balances. These certificates are re-deemable in silver dollars, but have no legal-tender quality betweenindividuals or between banks, although national banks are compelledto accept them in settlement of clearing-house balances. It hardlyseems just or equitable that national banks should be compelled toreceive these certificates under these conditions, when banks organizedunder State laws, and private individuals, are not compelled to receivethem when tendered.

The Comptroller in his last report to Congress stated that he believedthe operation of the present law, which compels the coinage of twomillion standard silver dollars per mouth, weighing only 412^ grainseach, with unlimited legal tender quality, would eventually bring finan-cial disturbance upon the country, and he is still of the same opinion.

Referring to silver certificates, the following suggestions were alsomade in the Comptroller's last report:

If it is for the best interests of the United States to issue a circulation based upon,silver, the Comptroller believes that the circulation should be issued upon coiu orbullion which contains a sufficient number of grains of silver to have an intrinsicvalue equal in the markets of the world to its nominal value; and that under certainrestrictions and regulations it would be far more correct in principle to issue silvercertificates based upon a deposit of silver bullion, to be valued in the exact proportionof silver to gold, than to continue the issue of certificates under the present law.

These reflections are upon the theory, held by many, that it is for the best interestsof this country to maintain a circulation based upon silver. The Comptroller doubtsthe correctness of this theory, but it is submitted that the circulationnow outstand-ing based on silver is a depreciated currency, by the issue of which the Governmenthas gained at the expense of the people who now hold the silver dollars aud certifi-cates, and that therefore it is incumbent on the Government, if it continues to issuecirculation based upon silver, to do so under a plan which will not only provide asound circulation for the future, but also prevent the holders of the present certifi-cates and dollars from sustaining loss.

As the silver question is more unsettled than it was at the time theforegoing was written, not only in the United States but elsewhere, itseems doubtful if this Government should attempt to issue a circulationbased upon silver, even at its bullion value, until the relative value ofthis metal is more definitely settled throughout the world. The discon-tinuance of the coinage of the silver dollar by our Government mightperhaps have a tendency to bring about some agreement with othernations, and the fixing of a standard for a series of years; it is howeverevident that the coinage of the standard silver dollar under the presentlaw is in excess of the requirements of the country, and should be dis-continued. If we continue to add these dollars to our circulating me-dium, and they continue to accumulate in the Treasury, the Governmentmust of necessity pay some portion of its obligations iu that coin; andif the Government should pay its interest and other obligations andredeem its bonds in standard dollars, the business of the country wouldimmediately go to a silver basis. What effect this would have it isdifficult to predict. It would appear, however, that gold would go toa premium, which would compel its being held, to a certain extent, asan article of merchandise, and it would not circulate as money. Tniswould probably occasion contraction in credits and financial disturb-ance. The effect upon the legal-tender notes, which by the terms of



section 12 of the act of July 12, 1882, appear to be redeemable in gold,cannot well be foreseen, but it would be difficult for the Government withits present stock of gold to redeem the outstanding legal-tender notes,or such portion of them as might be presented, if gold was held at apremium. Inasmuch as the national-bank notes are redeemable inlegal tender notes, their position would be determined by the status ofthe latter.

The substitution of standard silver dollars and silver certificates basedthereon, in place of bank notes, which is taking place under the pro-visions of law now in force, evidently requires consideration and appro-priate legislation.

BANK-NOTE ISSUES OF OTHER COUNTRIES.

Macleod, in his exhaustive work on the Theory and Practice of Bank-ing, states that—

"The circulating medium of any country is—(1) Coined money—gold, silver, and copper.(2) Paper currency, viz, promissory notes and bills of exchange, with all their

variety.(3) Small debts of all sorts, such as credits in bankers' books, called deposits, book

debts of traders, and private debts between individuals."

Bank notes come clearly within the second classification, and aremerely promises on the part of the bank to pay on demand a sum ofmoney. Unless otherwise provided for, this sum is payable in the coinedmoney of the country where the note is issued. The metallic money inwhich the note is redeemable on demand is that issued by the govern-ment of the country or State, and authenticated as to weight and fine-ness by its mints.

In the earlier days of banking, promissory notes of joint-stock banks,private bankers, and merchants were all on the same footing as inlandbills of exchange, that is to say, they were all transferable by indorse-ment. Under the present system of issuing bank notes, payable on de-mand to bearer, they pass in ordinary business transactions from handto hand as a circulating medium in the same manner as coined money.

The commercial transactions of the world have grown to be so enor-mous, and the use of bank notes therein so universal, that most Govern-ments, recognizing thenecessityof making the security for fulfillmentof these promises as substantial as possible, have enacted laws wherebythey are issued under certain restrictions and regulations, in order thatthe public, many of whom are unable to discriminate between the dif-ferent issues of the banks, may not suffer loss by receiving what is sup-posed to be an equivalent of money. Either securities are requiredto be deposited in trust, as under the national bank system, or setaside and held in the bank, as in the case of the Bank of England,or the issues are regulated by the condition of the assets, the amount ofcapital paid in, and the amount of coin on hand. Very often the lawprovides that the circulating notes shall be a first lien upon all the as-sets of the bank, aud sometimes a direct guarantee of payment of banknotes is given under conditions by the Government.

Since the passage of the national currency act in 1863, the entireMink-note circulation of the United States has been secured by a de-

posit of Government bonds with the Treasurer of the United States,and owing to the care with which this precaution has been exercised thegeneral public scarcely realize that these notes are simply promises re-deemable on demand, and not money.



As at some time in the future the redemption and payment of thepublic debt of the United States will probably make it necessary toissue bank notes upon the basis of some other security, it will be usefulto examine the various methods of issuing and securing bank notesunder the laws of the principal commercial nations of the world, inorder that the experience of other countries may be made available forthe welfare of our own. A system which is successful in one countryor nation may not be adapted to other countries, but from the experi-ence of all, valuable deductions may be drawn.*

ENGLAND.

Bank-note circulation in England is regulated by the act of Parlia-ment of 1844, which provides for the issuance by the Bank of England of£14,000,000 of bank notes through an issue department, to which was tobe transferred £14,000,000 in Government securities, and also that thebanks of issue, consisting of joint-stock and private banks other than theBank of England, in existence at the date of the act, should not there-after be permitted to issue notes except to the amount they then had incirculation, issued by them and outstanding. In other words, the actualcirculation to which each of these banks was to be entitled under the act,was to be arrived at by taking the average amount of circulation in eachcase for twelve weeks prior to April 27 of that year, and under thisregulation the maximum issue by provincial banks—that is, banks inEngland outside of London, not including those of Scotland or Ireland—was then fixed at about eight and three-quarters million pounds. Undercertain conditions these banks of issue which were in existence in May,1844, might cede their privilege of circulation to the Bank of Englandfor a fixed consideration of 1 per cent, per annum to August 1, 1S5(>, andthe privilege of issue of any of these batiks w.as forfeited in case of failureto exercise it, of bankruptcy, or certain changes in the constitution oftheir partnerships. The Bank of England was authorized to issue itsown notes for the full amount of the circulation of other banks com-pounded for, and by order of Grown in council, to two-thirds of theamount of lapsed circulation.

The total amount of issues lapsed or compounded for since 1844 bythe country banks is about two and three quarters million pounds, leav-ing the present authorized circulation of such banks at about six million pounds, or $30,000,000. It is estimated that the actual circulationof these English provincial banks, that is of the banks other than theBank of England, having privilege of issue, is but four per cent, of theirentire liability to the public. By the issue of its own notes in place ofthe lapsed and surrendered circulation mentioned, the circulation of thethe Bank of England, based on Government securities, has been increased

*For the facts in reference to foreign banks of issue, the Comptroller is indebted tothe paper on "Bank Notes," by John Biddulph Martin, M. A.., F. S. S., published inthe Journal of the London Institute of Bankers, March, 1880; paper of Mr. RobertW. Barnett, on " Etfect of the Development of Banking," Journal London Instituteof Bankers, February, 1881; ''The Theory and Practice of Banking," Henry DunningMacleod, M. A., 2 ed., 1866 ; " The Three Great Banks of Europe," paper by Et. H. InglisPalgrave, in Journal London Institute of Bankers, June, 1879 ; "Lombard Street," byWalter Bagehot; paper ou " Theory and Practice of Banking in Scotia id," by JamesSimpson Fleming, F. R. S., Journal London Institute of Bankers, 1832-l8S3,re id Jan-nary 17, 1883 ; " Report of select committee of Parliament on Banks of Issue," orderedprinted July 22, 1875; article of Henry May ou "The Baak of England," March num-ber, 1885, Fortnightly Review ; "Sratistique Internationale des B tuques d'l£mission/*published by the Italian Government in 18/8; Banking Laws of Great Britain, Can-ada, and Germany; Notes by Mr. Ernest Seyd, F. S. S., on the German banking law.



from £14,000,000 to over £15,000,000. The circulation of the joint-stock and private banks of issue of England is based entirely upontheir -general credit; that is to say, it is not based upon securities orbullion specially deposited or held as in the case of the Bank of Eng-land, but upon the aggregate assets of the institutions. These banksmake weekly returns of their outstanding circulation to. the Govern-ment, from which it appears that not more than one-half of the notesthey are authorized to issue are in actual circulation. The total amountof notes of the Bank of England, issued on the security of the Govern-ment debt, is at this time £15,750,000 or about $78,750,000. Thisbank, in addition, is permitted to issue notes equal in amount to thebullion or coin which is transferred to and held in the vaults of theissue department of said bank. Of the coin and bullion held, 25 percent, may consist of silver. It is to be noted, however, that very sel-dom is any circulation of the bank issued upon silver.

The Bank of England is compelled to receive from any person ten-dering it, bullion in exchange for notes at the rate oi £3,17s. and 9d. perounce of gold 11-liJ fine. Under these provisions the amount in banknotes issued varies from time to time by the receipt or withdrawal ofgold. The only tax paid by the bank against its issue of circulation isfor the privilege of issuing £15,750,000 against securities of the Govern-ment, and for this privilege and the exemption from stamp duty thebank pays to the Government an annual sum of about £li00,000.#

Bank of England notes were, by the third section of the act of Par-liament of 1833, made legal tender between all parties, except where thebank itself is one, so long, and so long only, as the bank pays them ingold coin on demand.

The act of 1844 declares that the notes of the Bank of England incirculation, including those held by the banking department, shall bedeemed to be issued on the credit of such securities (coin and bullion)so appropriated and set apart to the said issue department.

Although the act of 1844 only permits the issue of Bank of Englandnotes under the present situation of country bank issues to the amountof £15,750,000, except on a deposit of coin or bullion, during the crisisof 1857 and in 1866 this statutory provision WHS suspended and the

* The following table, taken from page 553 of appendix to report from the selectcommittee of Parliament on the banks of issue, will give some idea of the profits tothe Bank of England from its issue department:

ItECEIPTS.

Interest on securities £458, 035Profit on bullion 32, 433

490,468PAYMENTS.

Composition, in lieu of stamps 60, 000Her Majesty's exchequer 1^8,578Country bankers (lapsed issues) 18, 860Bank-note paper , 18,022Wages, pensions, rent, machinery, and general charges 147,bOOBalance of profit 107,708

490;468The average profits on bullion for the ten years, 1865 to 1874, were £14,900 per

annum.

BANK OF ENGLAND, July 27, 1875.



bank was permitted further issue of notes in order to supply a circu-lating medium to avert financial trouble and distress, and it is believedby many that this course would be pursued again if occasion de-manded it.

From information communicated to the State Department by theminister of the United States to Great Britain, it appears that theamount of bank notes outstanding in England on December 31, 1884,was—Notes of the Bank of England . . . . £24,647,000Other joint-stock banks 1,6*23,160Private banks 1,507,216

SCOTLAND AND IRELAND.

By the act of Parliament of 1845, the privilege of issuing notes on thepart of the existing banks in Scotland and Ireland on their own accountwas continued to the amouut of their outstanding circulation. Theprivilege of additional issue is granted to these banks upon the basis ofgold coin or bullion to the nominal or par value of the notes issued, andin this respect they have the advantage of the English provincial banks.By the terms of the acts under which Knglish. Scotch, and Irish bankswere permitted to continue their issue of circulation, unsecured by adeposit of gold or bullion, the liabilities of the individual shareholdersof said banks to the general public were unlimited so far as the bank-note circulation was concerned. It seems to be the opinion of all au-thorities who have examined the subject that Scotch and Irish bankshave no securities especially held against their issues.

From information communicated to the State Department by theminister of the United States to Great Britain, it appears thar theamount of bank notes outstanding in Scotland and Ireland on Decem-ber 31, 1834:, was—Scotland £6,399,310Ireland 6,748,027

The general banking act of Canada was passed in 1871, and has sincebeen amended in many particulars. Its effect has been to bring underone uniform system of restrictions and privileges all of the charteredbanks in the Dominion, with the exception of a few banks, which, priorto the passage of the general banking act, had been working underspecial charters. Some of these banks were permitted to retain certainspecial privileges, which they held under their old charters.

Under the general banking law of Canada none but chartered banksare permitted to issue notes. The bank notes of a bank outstanding atany one time must never exceed its unimpaired paid-up capital. Monthlyreturns of the condition of each bank are made to the Government, andif these reports show excessive issues, tines are imposed as follows: $100for an excess of $20,000 or less; $1,000 for an excess between twentyand one hundred thousand dollars; $5,000 for an excess between onehundred and two hundred thousand dollars; and for an excessive issueof over $200,000 a line of $10,000 is exacted. There is, therefore, someinducement to make small over issue in stringent times, as the compara-tively light penalty might be offset by the profit, while excessive andrash overissues are restrained by penalties virtually prohibitory. No


24 EEPORT OF THE COMPTROLLER OF THE CURRENCY

notes can be issued by the banks for less than $5, nor for any denomina-tion except $5 or some multiple thereof.

In case of insolvency, the notes are a first charge upon all the assetsof the bank. There appears to be no special security whatever. Theshareholders are, however, liable, first, for any amount not paid up ontheir subscribed stock, and, second, for a further amount equal to theirsubscribed stock. Suspension of payments in gold or Dominion notesfor ninety days constitutes insolvency. The directors may, after pay-ment of notes has been suspended six months, call on the stockholderswithout regard to assets on hand. i

No particular amount of cash reserve is required, this apparently be-ing left to the judgment and discretion of the management; but of thecash reserve kept, one half, if practicable, and never less than 40 percent., must be in Dominion notes.

The banks may have branches and offices, and notes may be issuedand made payable at any of them, but each bank must receive its ownnotes at any of its different branches or offices, although they need notredeem them in gold or Dominion notes except at the place where thenotes are payable. Banks are required to make not less than $60 ofany one payment in Dominion notes of denominations of one, two, andfour dollars, if so requestel.

The Dominion notes mentioned are notes of the Government. Thefirst idea in regard to them appears to have been to have them supplantthe use of bank notes, as the first act in regard to Dominion notes wasent tied "An act to enable banks in any part of Canada to use notesof the Dominion instead of issuing notes of their own." This act waspassed in 1808, but was radically amended in 1870. The act of 1870authorized the issue of these notes on the security of debentures of theDominion and specie held for the redemption of the notes by the re-ceiver-general. The portion of specie held was to be not less than 20per cent. The first amount authorized was $5,000,000, but this mightbe increased by order in council under certain conditions to $9,000,000,the ecurity for redemption being the same. Debentures or stock wereauthorized to be issued and delivered to the receiver general, to enablehim to keep there-quired security for the notes issued. To keep the neces-sary proportion of specie, l his officer was authorized to dispose of deben-tures. If Dominion notes in excess of the amount authorized were atany time outstanding, the receiver general was required to hold specieto the full extent of this excess in addition to the required security forthe authorized issues.

The latest act (1880) permits an increase, wheu authorized by orderof council, to a sum not exceeding $20,000,0»K). This act fixes thesecurity to be held, at 25 per cent, in specie and Dominion securitiesguaranteed by the Government in England (not less than 15 percent., however, to be in specie), and 75 per cent, in Dominion de-bentures authorized by Parliament. The whole amount outstanding*on August 31,1885, was $17,469,380.83. Of this, over $6,000,000 werein denominations of less than $5, and over $10,700,000 in denominationsof $500 and $ 1,000. The notes are issued in fractional parts of a dollar,and in denominations of $1, $2, $L, $5? $10, $20, $50, $100, $500, and$1,000.

The banks of Canada held on August 31, 1885, $6,823,000 in specieand $12,421 270 in Dominion notes, while at the same (late the receiver-general held $3,989,767 in specie as against. $17,469,380 Dominion notesoutstanding.



ENGLISH AUSTRALASIAN COLONIES.

Banking in Australasia is carried on under the Scotch system, andthe only security for circulating notes issued consists of the generalassets of the banks. The Australasian banks, however, hold in bullionand specie a larger reserve against their liabilities, including circula-tion, than is the case in Scotland or England.

In 1840 the council of New South Wales passed an act requiring fromall banks of issue a quarterly statement. The other colonies, as theywere established, adopted the same law. An article by Nathaniel Corkrin the thirty-seventh volume of the Journal of the London StatisticalSociety for March, 1874, gives valuable information regarding bankingin Australasia and statistics compiled from the quarterly statements, fromwhich it appears that the outstanding bank-note circulation in 1872-'73of the banks of issue in the colonies of New South Wales, Queensland,New Zealand, South Australia, and Tasmania was £3,410,000. The coinreserve held was over 25 per cent, on all liab lities.

A curious fact connected with the bank-note circulation of the colo-nies, especially that of Victoria and New South Wales, is the large pro-portion of £1 notes issued, being 57.2 per cent, of the whole issue inthe former and 50.99 per cent, in the latter. It appears that the prof-its on this circulation are not large, as taxes are imposed on the noteissues in circulation in all the colonies excepting South Australia andWestern Australia. Edwin Brett, in his article on the history ot bank-ing in Australasia, read before the Bankers' Institute, London, October18, 1882, states the rate of taxation in Queensland to be 3 per cent, andin the other colonies to be 2 per cent, per annum. He also calls atten-tion to the fact that although Australasia is a land of gold, and twobranches of the royal mint are actively engaged in converting the pre-cious metals into coin, bank notes still constitute the chief circulatingmedium in all the colonies.

It appears from the June, 1885, number of the Australasian Insuranceand Banking Record, published at Melbourne, that banking in theAustralasian colonies has been much extended since 1873, but that theincrease in note circulation has been moderate compared with the generalincrease in the banking business.

A bill was introduced in the New Zealand Parliament, in 1885, pro-viding that bank notes issued in that colony should be a first chargeupon the assets, within the colony,of the issuing bank. From appear-ances, this bill is likely to become a law.

FRANCE.

Bank notes are issued only by the Bank of France, it having in 1848absorbed all previously existing issues and become the sole issuingbank in France, with branches in the principal towns. The issue ofnotes of the Bank of France is controlled by the council or directory,who are compelled to report to the Government from time to time. TheGovernment, however, does not appear to interfere with the bank is-sue, except to see that the legal powers conferred in its charter arenot violated. At times, however, the Government has guaranteed orsecured a temporary or excessive issue. The notes of the Bank ofFrance are therefore based upon the security of the general assets ofthe bank, which are at times re-enforced by a loan on the part of theGovernment of its credit.

The Paris correspondent of the London Economist of June 28, 1879yholds that there is no limitation of the circulation of the bank by its



statutes. During the times that specie payments have been suspended,and when the Government has permitted the issue of unconvertible notesor forced currency, a limit is always fixed to such issue.

From information communicated to the State Department by the min-ister of the United States to France, it appears that notes of the Bankof France are legal tender, and are redeemable at sight, either in goldor silver five-franc coins, at the option of the bank (silver coins ofsmaller denominations being legal tender only to the extent of 50 francs).

On October 1, 1885, as shown by the returns of the Bank of France,the notes in circulation amounted to 2,78(3,051,930 francs, the bank hold-ing at that time cash amounting to 2,265,030,853 francs, of which1,162,987,434 francs was gold and 1,102,649,419 francs silver.

GERMANY.

On the 30th of January, 1875, the existing banking law was passed,and the Imperial or lleichsbank was established. By thisact it appearsthat the Reichsbank, so far as its issue of notes is concerned, takes, tosome extent, in Germany, the place that the Bank of Eng and occupiedupon the passage of Peel's act of 1844. JJnder the present bauking actof the German Empire, seventeen of the banks in existence on the 30thof January, 1875, were permitted to continue their issue of notes to theaggregate amount of about $27,000,000. In the apportionment of cir-culation between the lieichsbank, or Imperial Bank of Germany, andthe other banks of issue, about $62,000,000 was alloted to the ImperialBank, and to this was added certain issues of fifteen other banks whichhad forfeited their right of issue by lapse of charter, voluntary renunci-ation of the right of issue, or by decision of the Government. Underthepresent act, banks other than the Eeichsbank issuing notes in excess ofthe limit prescribed, except when protected by casli security, are com-pelled to pay an annual tax of iive per cent, on such excess. The amountof notes free of duty; that is, not incurring this five per cent, tax, isquoted every week in the German papers. The Imperial Bank ap-pears to have the right of unlimited issue under the control of theImperial Debt Commissioners, and under the present act has practicallythe control of the issuance of bank notes throughout the Empire. Thesingular provision in regard to the annual tax of five per cent, on cir-culation, issued in excess of securities deposited, is, no doubt, mteudedto permit additional issues in times of financial distress. How far thisexpedient will meet the end for which it is evidently intended, hasnever, it is believed, been practically tested. The Imperial Bank is com-pelled to hold an amount equal to at least one-third of all its issues inGerman coin, imperial legal tender notes, gold bars or foreign coin; theremaining two-thirds of its issues must be represented by discountedbills having not more than thrê months to run.

The exclusive right of note issue of the Empire of Austria was con-ferred on the Austro-Hungarian Bank, with a charter extending fromthe 1st of July, 1878, to the 31st of December, 1887. This bank was theoutgrowth of the forced currency of the Austrian Empire, Austria hav-ing contracted liabilities to the national bank, prior to 1878, in theamount ot $40,000,000.

The notes of the Austro-Hungarian Bank are redeemable in the coinof the realm, at its two heal offices in Vieuna and Budapest, and incasenotes are not so redeemed within twenty-four hours after demand the



bank forfeits its charter. The bank is authorized to issue $100,000,000of notes without security being deposited in trust, but is compelled tomaintain sufficient reserve to meet demands under the penalty abovestated. The bank also has the privilege of issuing additional circula-tion upon the security of gold or silver bullion, and also appears to bepermitted to issue notes against miscellaneous security. The exclusiveprivileges granted the bank seem to be compensated for by its relations tothe Empire. It is compelled at all times to buy the mint pound of silver,coin or bullion, with 45 florins in bank notes, and forward this bullionfor coinage. It must also furnish notes of such denominations as aredesired by the public in exchange for other denominations of its issue.It is compelled to accept the Government issues of currency as money,these issues forming a debt of the country similar to our legal-tendernotes. The bank, however, has the right to issue its own notes on thesecurity of the Government currency, the same as on coin or bullion.The circulation of Austria consists of a trifle less than one-half of notesof the Austro-Hungarian Bank and the balance in notes issued by theGovernment.

BELGIUM.

The issue of bank notes is confined to the National Bank, which hasa charter for th.rty years from January 1, 1873. While the Govern-ment reserves the right to extend the privilege of issue to other banks,and while theoretically bank notes may be issued by any individual,firm, or company (except a corporation of limited liability), the notesof the National Bank are legal tender to the Government, which con-trols its issues and business, and on account of this feature the bankreally has the monopoly of issuing bank notes. The security to thenoteholders rests principally upon the Government supervision of thebank, the investment of a certain portion of its capital and reserve inGovernment funds, and its being compelled under the act to hold coinor bullion to one-third of its total liabilities to the public (deposits andnotes outstanding).

This reserve may, however, under the authority of the Government,be reduced to 2r> per cent, of its liabilities. There appears to be nolimit to the issue of circulation.

NETIMRLANDS.

The Nederlandsche National Bank enjoys the monopoly of issuing banknotes in the Netherlands. This bank was founded in 1814. Its presentcharter dates from 1864, for a period of twenty-five years. The bankissues two classes of notes, one class amounting to about $4,000,000,covered by the Government debt. This issue is called state notes.Bank notes of the National Bank proper are issued without any fixedmaximum limit. The bank, however, is compelled to carry at least 40per cent, of gold coin or bullion against the aggregate liabilities to thepublic for deposits on call and bank notes.

DENMARK.

The Bank of Copenhagen has the exclusive privilege of issuing banknotes in Denmark. They may be issued apparently without limit, andrest upon the security of the general assets of the bank. Against the


28 REPOET OF THE COMPTROLLER OF THE CURRENCY.

first $8,000,000 of notes issued, the bank must hold good and easily con-vertible assets to the amount of 50 per cent, of their issue. For anyexcess over the $8,000,00.) the bank must hold a metallic reserve con-sisting of legal tender, coin, gold bullion, and foreign coin, and may holdsilver bullion and silver foreign coin not exceeding one-third of the wholereserve. The metallic reserve is not permitted under the act in any caseto fall below three eighths of the whole circulation. From informationobtained through the Department of State, the bank notes outstandingin Denmaik on December 31, 1884, amounted to 73,000,000 crowns, orabout $19,500,000.

NORWAY.

The Bank of Norway (Norgesbank), whose charter dates from 1816, hasthe exclusive privilege of note issue in Norway. This charter may beannulled by actof the Storthing, confirmed by theKing. Modifications ofcharter have taken place from time to time. The bank has the privi-lege of issuing unsecured notes in proportion to its capital. It is per-mitted to issue two and-a-half times its original capital, and also issuestwice the amount of an increase of capital made in 1818, and one-and-a-half times its increased capital of 1842 and 1863. It also issues 150per cent, of notes against its surplus fund, and a further amouutôf notesequal to its gold ou hand. The proportion of secured to unsecured notesis about fifteen to ten The notes of the Bank of Norway are redeemablein gold and are a full legal tender. In consideration of the privilegeof issue the Government participates in the profits, and the bank ap-pears to be practically an institution of the State, and the shareholdershave no voice in its management. The Govennent does not guaranteethe issue, although it would no doubt protect it, on account of its rela-tions to the bank. Theoretically the notes are secured by the reserveof coin and bullion, the capital, reserve fund, and assets of the bank.From information obtained through the Department of State the banknotes outstanding ou December 31,1884, amounted to 38,983,500 crowns,or over $10,000,000.

SWEDEN. •

The Riksbank, or Bank of Sweden, was founded in 1656, and Mr. Pal-grave, in his Journal of the Statistical Society, March, 1873, page 117,claims for Sweden the invention of the bank notfe, the Riksbank beingfounded, as it will be seen, forty .years prior to the Bank of England.

The Bank of Sweden has a circulation of about $10,000,000, whichis unsecured, except that the bank is compelled to keep a certain re-serve as security to the note-holder. The matter of reserve appears tobe well provided for, as its reserve of gold or silver coin or bullion mustat no time be less than about $4,100,000, and such gold and silver as isdeposited abroad or such cash as it has at call with foreign banks andcompanies is also held against its circulation This regulation hasbeen at times suspended, in something the same manner as the Peelact of 1844 has been in England. For more than six months in 1869the reserve was below the minimum required by law, and in 1873 theissue of notes exceeded the prescribed limits. There are other banksof issue in Sweden, known as Enskilda banks, whose organizationappears to be in the nature of a private partnership, the liabilities,however, being somewhat limited. They issue circulation under certain



regulations and restrictions, being compelled before issuing notes to de-posit in a place of public safety 25 per cent, of their capital which hasunlimited liability (the partners and shareholders in these banks beingdivided into unlimited and limited liability shareholders). No notescan be issued against the limited capital until 75 per cent, of suchcapital is deposited. In addition to the notes issued upon these de-posits, bank notes may be issued on coin and notes in hand, gold andsilver bullion, upon such balance as the Enskilda Bank may have withthe liiksbank or Bank of Sweden, and also upon approved securities.This class of bank notes must not exceed 50 per cent, of the entire capital.The regulations for issue of bank notes in Sweden appear to have beencarefully considered. Upon a bank meeting with ioss which impairs itscapital 10 per cent, and reduces its reserve, the association is compelledto liquidate.

EUSSIA.

Bank notes are issued in Eussia exclusively by the Imperial Bank,which was chartered in 1800 with a capital of about $ 12,000,000. By itscharter it has the exclusive issue of bank notes in Russia for twenty-eightyears. The Imperial Bank seems to have no limit to its issue of cir-culation. The increase of its circulation, however, is usually made in re-sponse to the requirements of the Government whenever an exigencyor a deficit in the annual revenue occurs. The bank appears to furnisha paper circulating medium to the Government in addition to theamount previously issued, which, finding its way into the channels oftrade, produces inflation. In 1873 the bank had outstanding upwardsof $600,000,000 of bank notes, against which it held as specie reserveonly about $43,000,000. On November 1, 1879, it is estimated the cir-culation was upwards of $900,000,000. This circulating medium wasthen worth in gold about 60 per cent, of its face or nominal value.

SWITZERLAND.

Notes are issued in Switzerland by banks of two classes—Cantonaland joint-stock banks. (See London Bankers' Magazine, December,1878.) The issues are unlimited. In 1879 the entire issue of thirty-livebanks was about $20,000,000. Notes are received between banks, andbusiness interchanged under an agreement, the interchange being car-ried on in something like the manner that business of a clearing houseis conducted. In some states of Switzerland banking appears to befree from restriction in regard to the issue of bank notes, which aresubject to a tax of J per cent, per annum. Note holders of the banks ofSwitzerland have no preference over other creditors. The present issueof bank notes, as appears from information furnished to the Departmentof State, was over $25,000,000 on December 31, 1884.

In order to eliminate from the circulating medium of the country thelarge amount of illegal and badly-secured issues of bank notes whichthen existed, the law of April 30, 1871, was passed, after an elaborateexamination into methods of other countries in dealing with the samesubject. This act limited the emission of bank notes to six associatedbanks, which were required to issue$200,000,000 of notes to the Govern-ment of Italy, the Government paying interest on the amount of notes



so loaned, and the banks being liable for their payment ratably to theircapital. This issue of notes was for the purpose of taking up certainGovernment loans, and each of the associated banks was permitted inaddition, tor its own use, to put out a certain amount of circulation whichmight be regulated by the Government to 40 per cent, of the capital ofthe bank. The associated circulation is practically the debt of the Gov-ernment, as Government securities equal in amount thereto were issuedto and held as security by the associated banks for the loan of this cir-culation to the Government. The notes issued by the banks in theirindividual capacity are redeemable in coin or in the association notes.Banks are compelled to report to the Government full particulars in re-gard to their issues.

SPAIN.

Bank notes are issued in Spain only by the Bank of Spain, with the headoffice at Madrid, which has between twenty five and thirty branches. Thebank is permitted to issue notes to three times its capital, which areissued entirely on its credit. The bank is required to keep a reserve of33 percent, of its note issue in coin or bullion. The notes, theoretically,are payable in gold on demand, but a considerable proportion of its issueappears to be simply promises to upay to bearer," the words "on de-maud" or "presentation" having been left out. and no statement ismade as to whether or not the note is payable in gold or silver. Thebank does not readily redeem its notes. They have been at a discountin Madrid and the circulation is somewhat limited.

PORTUGAL.

Bank notes are issued in Portugal by the Bank of Portugal, and cir-culate principally in Lisbon and Oporto. There are other banks ofissue also in those cities, as well as in several of the smaller towns,whose circulation is not so generally current in business transactions.The Bank of Portugal has peculiar privileges, and contends that otherbanks have no right to issue circulation. The charter of this bank ex-pired in 1876, and it exists only under a provisional renewal. Its notesare payable in gold on demand, with the except iou of a small portionwhich are payable in silver and copper. These last circulate in Lisbononly, where copper is legal tender to one-third of all payments. TheEnglish sovereign is legal tender in Portugal. Note-holders of theBank of Portugal are not better secured than the other creditors of thebank. The bank notes outstanding in Portugal on December 31, 1884,as reported to the Department of State, was $0,303,000.

Bank notes are issued in Japan by banks organized under a nationalbank act similar in terms to that of the United States. The first regu-lations of this act were issued in 1872, and were revised and amendedin September, L876. There were, ou June 30, 188J, 148 national banksin operation in Japan, with 110 branches. These banks had at thatdate outstanding circulating notes to the amount of 34,358,808 yen.*There is also one so-called specie bank at Yokohama. This bank hasthe privilege of issuing "silver notes" to the extent of a million and a

* The silver yen is valued at 86.9 cents.



half yen. It apparently had outstanding in 1882, notes to the amountof 294,520 yen. The notes issued by the national banks are secured bya deposit of Government bonds, and the banks are under the supervisionof the Banking Bureau of the Imperial Finance Department of Japan.The operation of the national bank act appears to have been of serviceto the country, and the notes issued by the banks circulate freelythroughout the Empire.

On the 27th of June, 1882, the Government of Japan established an in-stitution to be known as the Bank of Japan, with a charter limited to30 years, and a capital limit of 10,000,000 yen, business to be confined tonon-hazardous transactions, and the bank required to transact suchGovernment financial business as it shall be directed to perform. Theissue of bank notes is prohibited for a time. The organization of thisbank is similar to that of the Belgium State Bank. Its president isappointed directly by the Emperor, the Government subscribing forone half of its capital. It is evident that the intention is that this bankshall at some tim-e in the future issue circulation under the directionof the Government.

AMOUNT OF INTEREST-BEARING FUNDED DEBT IN THE UNITED STATESAND THE AMOUNT HELD BY NATIONAL BANKS.

The public debt reached its maximum on August 31,1865, at whichtime it amounted to $2,845,907,62(3. More than twelve hundred andseventy-five millions of this debt were in temporary obligations of theGovernment, of which eight hundred and thirty millions bore interestat 7.30 per cent, per annum. The average rate of interest on seven-teen hundred and twenty-five millions of the debt at that date was6.02 per cent. This large amount of temporary obligations wasfunded within the three years which followed the close of the war,chiefly into six per cent, bonds. The six per cent, bonds were grad-ually reduced during the year 1869 and the seven years following, bypayment and refunding into five per cents. The six per cents, togetherwith the five per cents, were subsequently rapidly replaced by four andone-half and four per cent, bonds, which were authorized to be issuedby the act of July 14, 1870. In the year 1881 all of the unredeemedfive and six per cent, bonds, amounting to $579,560,050, were contin-ued payable at the pleasure of the Government, with interest at 3J percent., by agreement with the holders. The act of July 12, 1882, au-thorized the refunding of the three and one-halts into three per cents.;and since its passage all of these bonds have been converted into threeper cents. No call has been made by the Secretary during the yearending November 1 for the payment of any portion of the threes, andthe amount of each class of bonds making up the entire interest-bear-ing funded debt has but slightly changed during the past year. OnJune 30, 1885, the total registered bonds of the United States amountedto $1,071,460,262, of which sum $11,927,900 only was held in ioreigncountries.

The report for 1879 and subsequent reports contain tables exhibitingthe classification of the miniatured interest-bearing bonded debt of theUnited States and of the bonds held by the national banks for a seriesof years, and also tables showing the amount estimated to be held bysavings banks, trust companies, etc.



f The following table is again presented, and exhibits the amount ofthe outstanding bonds of the Government, which represent the unma-tured interest-bearing bonded debt of the United States and the classi-fication of the same on the dates named:

Date.

Aug.JulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJuly

1865186618t>718681869187018711872187318741875187618771878187918801881

Ju ly 1, 1882 .Ju ly 1, 1883 .July 1, 1884 .J u l y 1, 1885 .Nov. 1, 1885 .

Six per cent. Five per cent. Four and a halfbonds. bonds. percent, bonds.

$908,518,091 I1, 008, 3H8, 469 ;1,421, 110,719 j1,841,521,800 I1,886,341,3001,764,932,3001,613,81)7,3001, 374, X83, 8'.01,281, 2:**, 650

,213,6-24.7001, 100, 865, 550

984, 999, 650854.621,85073*, 619, 000310, 932, 5<K)235, 7h0, 400196, 378, 600

Continued at3J per cent

58, 957,150

$199, 792,100198, 528, 435198, 5:J3, 435221.588,400221, 5S9, 300221,589,300274. 236, 450414, 567, 300414, 567, 300510, 62*, 050607, 132, 750711, 6*5, 800703, 2K6, 650703, 266, 650646, 905, 5( 10484, 864, 900439, 841, 350

Continued at34 per cent.401, 593, 900

3J, 082, 6003 per c«nts.304, 204, 35022"4, 612, 150194, 190, 500194, 190, 500

$140, 000. 000240, 000, 000250, 000, 000250, 0()0, 000250, 000, 000

250, 000, 000

250, 000, 000

250, 000, 000250, 000, 000250, 000, 000

Four per cent,bonds.

$98, 850, 000679, 878, 110739, 347, 800739, 347, 800

739, 349, 350

737, 942, 200

737, 661, 700737,719,850737, 740, 350

Total.

$1,108, 310,1911,206.916,9041, 619, 644,1542,063, 110,2002, 107,9.0,6001,986,521,6001^88,1:^,7501,780,451, 1001,695, H05, 9-"iO1,724,252,7501,707,998,3001, 696, 68"i, 4501, 696, 888, 5001, 78o, 735, 6501,887,716, 1101, 709, 993, 1001,625,567,750

1,449,810,400

1,324,229,150

1,212,273,8501,181,910,3501, 181, 930, 850

Pacific sixes amounting to $64,623,512, the Navy pension fund, amounting to $14,000,000 in 3 per;ents, the interest upon which is applied to the payment of naval pensions exclusively, and $223,800 ofrefunding certificates, are not included in the table.

SECURITY FOR CIRCULATING NOTES.

The operations of the Treasury Department for a series of years havelargely reduced the amount of interest receivable by the national bankson the bonds owned by them and deposited in trust with the Treasurerof the United states to secure their circulation, owing to the paymentof a portion of the public debt and the many changes made in theclasses of United States bonds by refunding or extension of the differentissues of five and six per cent, bonds to bear interest at 4£, 4, 3J, and3 per cent. Eighteen year.-: ago the banks had. on deposit, as securityfor circulation, $327,000,000 in United States bonds, of which amount$241,000,000 bore interest at 0 per cent, and $S<j,000,000 at .5 per cent.;and on July 1, 1882, they held $227,000,000 of three and one-half percent bonds. The Hva and six per cent bonds disappeared in the year1881 from the list of these securities with the exception of $3,500,000 ofPacific sixes, and since that year the three and one-half per cents haveentirely disappeared. On November 1, 1885, more than 45 per cent, ofthe amount pledged for circulation consisted of bonds bearing interestat 3 per cent only, and the remainder, with the exception of $3,505,000of Pacitics, bear interest at the rate of four and tour and one half percent. The average rate of interest now paid by the United States onthe bonds deposited as security for circulating notes is a little more thau3.6 per cent, upon their par value.

The amount and classes of United States bonds owned by the banks,including those pledged as security for circulation and for public de-



posits on the 1st day of July in each year since 1865, and upon Novem-ber 1 of the present year, is exhibited in the following table:

United States bonds held as security for circulation.

Date.

July 1,1865..July 1,18(56.July 1, ]867..July 1,1868.July 1,1869 .July 1,1870.July 1,1871.July 1,1872July 1,1873.July 1,1874..July 1,1875.July 1,1876July 1,1877.July 1,1878.July 1,1879.July 1,1880.July 1,1881.

July 1,1882.

July 1,1883.

July 1,1884.

July 1,1885.2STov. 1,1885.

6 per cent,bonds.

5 per cent,bonds.

4J per cent,bonds.

'$170,382,50024 L, 083, f>00251,430.400250, 726, 950,255, 190, 350̂247, 355, 350220, 4D7, 750173, 251, 45016u, 923, 500154, 37(i, 700

$65, 576, 600!.80, 226, 850!.89,177, 100 .90, 76*, 950 .87, 601,250 .94. 023, 2U0!.

139 387,800!.207, 189, 2.'sol.229, 487, 050!.2>. 6, 800, 500'.

l:<6, 955, 100109, 313, 45087, 6!)0, 30082,421,20056. 042, 8005*, 056, 15061,901,800

Continuedat .'{£ percent . :

25, 142, 600

385, 700 <

Pacifies.3. 520, 0003, 505, 000

239, 359, 400:232,081,300]206,6 1,050199, 514, 550144, 616, 300139, 758, 650172, 348, 350Cont inued

jit 3£ percent . :

202, 487, 6507, 402, 800

3 per cents2<H). 877, 85(1172,412,550

142, 240, 850138, 920, 650

$44, 372, 25048, 448. 65il35, 056, 551]37, 760, 95032, 600, 500

32, 752, 650

> 39,408, 500

46, 546, 400

48, 483, 05049, 547, 251)

4 per cent.bon<nds.

Total.

UnitedStates

bonds heldlor otherpurposesat nearest

date.

Grandtotal.

$235, 959,100 $155,327,340,34!,342,342,

$19,118,126,93,

162,5'.irs076,637,

380,390,39',376,341,

! 338,000 349,950 354,300 361,700 360,

310,350607, 500495, 900851,600278, 550!885, 550;440, 700!410,550171,200;314,500394, 7507K,600!

546, 400254, 600652, 050488, 400

97,429,800 357,812,700

104, 954, 650 353, 029, 500

111, 690, 900| 330, 649, 850

117,901,30o' 312, 145,200116,391,650 308,364,550

785, 750 $391, 744, 850152, 950 448, 4(i3, 300002,650 424,610,150922,500 422,418,400102 000 397,953,600980, <J00 a 86. 25H, 150450, 800 3!i9, 336, 35086tt, 200 412, 3u8, 900724,400 416, 134, 150347, 100 416,518,300900,200 403,214,700170, 3()0 386, 565. 050315,050 3*6,028,650850,900 418,397,300603, 520 430, 858, 120831,300 404,483,350849,950 424,338,350

43,122, 550 400, 935, 250

34,094,150 387,123,650

31, 203, 000 361, 852, 850

32,195,800 344,341,00031, 780, 100 340,144, 650

The following table shows the authorizing act for each class of bondsheld by the Treasurer as security for the circulating notes of the nationalbanks on the 1st day of Kovember, 1885:

Class of bonds.

Funded loan of 1891Funded 1 an of 1907Funded loan of July 12,1882Pacific R dlway bonds

Total .

Authorizing act.Rate ofinterest.

July 14,1870, and January 20,1871do do [

July 12, 1882July 1, 1862, and July 2,1864 |

Per cent.

436

Amount.

308, 364, 550

The profits on national bank circulation based on 4 and 4J per cent,bonds are very small, after paying the annual tax of 1 per cent. At-tention is particularly called to carefully prepared tables by Mr. E. B.Elliott, Government Actuary, which appear in the Appendix on page125, in relation to the average price of the 4 and 4J per cent. UnitedStates securities for the year ending September 30, 1885, and computa-tions based thereon showing the annual profit on circulation during thesame period.

5745 CUR 3



COMPARATIVE STATEMENTS OF THE NATIONAL BANKS FOR ELEVENYEARS.

The following table exhibits the resources and liabilities of the na-tional banks for eleven years, at nearly corresponding dates, from 1875to 1885, inclusive:

RESOURCES.

LoansBonds for circulat'nOther U.S. bonds...Stocks, bonds, &c...Due from banksReal estateSpecieLegal-tender notes .Nat'1-bank notes . . .C. H. exchangesU S. cert, of depositDue from TL S. TreasOther resources

Totals.

LIABILITIES.

Capital stockSurplus fundUndivided profits ...CirculationDue to depositors . . .Due to banksOther liabilities

Totals.

Oct. 1,1875.

2,087banks.

Millions.984.7370.328.133.5

144.742.48.1

76.518.587.948.819.619. 1

1, 882. i>

504.8134.453.0

319.1679.4179.711.8

Oct. 2,1876.

2,089banks.

Millions.931.3337.247.834 4

146.943.121.484.215.9

100. 029.216.719.1

Oct. 1, Oct. 1, ! Oct. 2,1877. 1878. | 1879.

2, 080 I 2, 053 | 2, 048banks, banks, banks.

Millions.891. 9

45! 034.5

129.945.222.766.915.674.533. 416.028.7

Millions Millions.834. 0 878. 5347. 6 357. 3

94.7136.9

499.8132. 246.4

292. 2666. 21179. 8|10.6;

479.5122.844.5

291. 9630.4161.610.4

5 1,

71.2. 39. 7

138. 9; 167. 346. 7j 47. 8

42.269.216.7

113. 026.817.022.1

46. 730.764.416.982.432.716.524.9

I, 827. 21 , 741.1 1, 767. 3 1, 868. 8 2,105. 8 2, 358. 4 2, 399. 8 2, 372. 7 2, 279. 5 2, 432. 9

466.2116.944.9

30i. 9668.4165.1

7.9

454.114.41.3

313.8736.201. 2

6.7

Oct. 1,1880.

2,090banks.

0 1.Millions.,041.

357.843. ,648.9

213.548.0

109. 356.618.2

121.17.7

17.123.0

Oct. 1,1881.

2,132banks.

Oct. 3,1882.

2,269banks.

Oct. 2,1883.

2,501banks

Millions:Millions. Million,., 173. 8 1, 243. 2 1, 309. S!

363. 3; 357. 6i 351. 437.466.2

198. 9!46. 5|

102. 9!63.220.7

208.48.7

17.228.9

2 1 .

457. 6 463. 8120. 5 128.146.1 56. 4

317.3' 320.2887. 9 1, 083.1267.9, 294.9

8. 5 11. 9

, 882. 2 1, 827. 2.1, 741.1], 767. 3 1, 868. 8 2,105. 8 2, 358. 4 2, 399. 8 2, 372. 7 2, 279. 5 2,432. 9

483.1132. 061.2

315. 0

30.771.1

208.948.3

107.70.722.796.410.016.628.9

Millions. Millions., 245. 3 1, 306.1327.4 307.730.4;71.4

194.249.9

128.6

509.7142. 0

61. 6310.5

1, 134. 9 1, 063. 6259. 9 270. 4

13.7 14.9

Sep. 30,1884.

2,664banks.

Oct. 1,1885.

2,714banks.

31.877.5

235.351.3

77.023. 3166.314.217.733.8

69.723.184.918.814.936.9

524.3147.0

63.2289.899.?.246.4

15.8

0 1

527.5146.659.4

269.0., 120.1

299.510.8

The different items of resources and liabilities in the preceding tableindicate that the business of the national banks during the past sevenyears has generally increased, having been larger during the past yearthan at any period since the organization of the national banking sys-tem. The items of United States bonds and circulation have decreased.It also appears from the table that the aggregate liabilities of the na-tional banks to depositors and correspondents, which were reducedduring the previous year upwards of 94 millions, have increased duringthe present year more than 180 millions.

The table also shows that during the same period the national banksincreased their cash resources by about 46 millious of specie, and de-creased the same by about 2£ millions of legal tenders and UnitedStates certificates of deposit for same.



The following table is an abstract of the resources and liabilities ofthe national banks at the close of business on the 1st day of October,1885, the condition of the New York City, Boston, Philadelphia, Balti-more, and other reserve city banks being tabulated separately from theother banks of the country:

j New York! City.

44 banks.

RESOURCES.

Loans and discountsOverdraftsBond.s for circulation ...Bonds for depositUnited States bonds on handOther stocks and bondsDae from reserve agentsDue, from other national banksDue from other banks and bankers..Real estate, furniture, and fixtures..Current expensesPremiumsChecks and other cash itemsClearing-house, loan certificatesExchanges for clearing-houseBills of other national banksFractional currencyTrade dollars -~Specie. -,Legal-tender notesUnited States certificates of depositFive per cent, redemption fundDue from United States Treasurer ..

Boston, |Philadel-phia, and

Baltimore. I

105 banks .

$236, 823, 598 $218, 424,66,

12, 566,820,

4, 265,14, 242,

Other re-serve

cities.*

98 banks.

1,314i, 5001,000>, 800!, 734

Total.

LIABILITIES.

Capital stockSurplus fundUndivided profitsNational-bank notes outstanding . -.State-hank notes outstandingDividends unpaidIndividual depositsUnited States depositsDeposits of United States disbursing

officersDue to national banksDue to other banks and bankersNotes and bills rediseountedBills payable -

18, 846,2, 759,

10, 177,787,986,

2, 597,1, 110,

55, 453,1, 597,

35,194,

91. 454,16, 785,6, 920,

547,210,

479, 249,186

45,

250,

105,34,

350, 000176, 008487,171917, 442

31, 193232, 849494, 555420,181

47,163687, 96319!), 239205, 420

, 27l!$151, 435, 43861, 902 322. SK3!

40, 009, 950675, 000419, 500

8, 097, 29323,110, 45817, 059, 3221, 617, 53716, 571,017|

712,3081,185, 1011,428, 308

19, 718,1953, 028, 40(5

42, 799338, 744

22, 364, 2819, 219, 2128, 805, 0001, 799, 737

157, 090

384,845,431

80, 938, 51023, 954, 854

5, 98:t, 16734, 270, 975

20, 8021, 208, 854

176, 043, 047454, 734

18,18847, 853, 72814, 095, 822

2,750

Total 479,249,186 384,845,431 281,827,0631,286,991,322 2,432,913,002

322, 58324, 070, 7004, 788, 0002, 510, 2007, 013, 425

19, 292, 15111, 586, 3244,185, 5924, 846, 052

866, 7991, 233, 681

658,1351

Countrybanks .

2,467 banks .

$694, 471, 9974, 537, 888

231,009,90011,174, 0007,133, 900

48,141, 77895, 975, 90631, 475, 3419, 425, 641

29, 699, 2334, 486, 8549,106, 2459, 663, 915

Aggregate.

2,714 banks .

$1,

8, 265, 0492, 954, 676

60, 59333, 717

19, 586, 78814, 357, 3512, 575, 0001, 076, 774

108, 035

54, 951, 50013,415,5134, 859, 819

20, 986, 640

1, 489, 71015, 481, 765

337, 8401, 038, 519

41, 467, 33529, 375, 936

500, 00010.173, 742

823, 877

281, 827, 063 1, 286, 991, 322

301,155, 3044, 988, 687

307, 657, 05017,457,00014,329,40077, 495, 230

138,378,51578, 967, 69817, 987, 89251, 293, 801

6, 853, 39312,511,33314,347,579

3, 110,00084, 926, 73123, 062, 765

477, 055], 605, 764

174, 872, 57269, 738,11918, 800, 00013, 597, 3531, 299, 761

246, 253126, 049, 008

3, 435, 999 j

689, 64733, 823, 08422, 206, 594

460, 006|723, 000

346, 284, 40087, 078, 26738, 025, 362

203, 694, 54084, 901

1, 820, 370549, 785, 840

7, 241, 708

1, 959, 40126,170, 13015, 613, 406

7, 767, 3671, 465. 630

2, 432, 913, 002

527, 524, 410146, 624, 64259, 335, 519

268, 869, 597136, 898

3, 508, 3261,102, 372, 450

11,552,622

2, 714, 399213, 534, 90586,115,0618, 432, 7932,191, 380

""The reserve cities, in addition to New York, Boston, Philadelphia, and Baltimore, are Albany,Pittsburgh, Washington, New Orleans, Louisville, Cincinnati, Cleveland. Chicago, Detroit, MilwaukeeSaint Louis, and San Francisco.


36 REPORT OF THE COMPTROLLER OF THJ* CURRENCY

The following table exhibits, in the order of their capital, the twenty-five States (exclusive of reserve cities), having the largest amount ofcapita], together with the amount of circulation, loans and discounts,and individual deposits of each on October 1, 1885:

States.

- Massachusetts ...New YorkPennsylvaniaConnecticutOhioRhode Island....IlliuoisiNevv JerseyIndianaMinnesotaMsuneMichiganIowa.KentuckyVermontTexasN<w Hampshire .NebraskaTennesseeKansasWisconsinVirginiaMissouriMarylandGeorgia

Capital.

$45, 095, 65034,819,70032, 665, 34024,921,82021,909,58020. 840, (/5013, 673, 60012, 208, L'OO12, 189.50011,390 00010, 360, 00010, 194,60010, 15>, 000

9, 648, 9007,541,0006, 880, 0006, 105, 0005, 949, 2;")05, 007, 5004, 995, 7203, 785, 0003, 576, 3003,311,0002, 716, 7002, 472, 345

Circulation.

$34, 200, 53423, 989, 59123, 401, 46U15.932.6U013, 474,57912, 056, 1776, 154,5258, 007, 4066,734,1501, 884, 5767, 683, 0793,479,7153,^3,8585,714,7705,355,9131, 739, 2505,149, 0451, 774. 3302,114,0101, 435, 7051, 51.7. 0782, 007, 5001,251,6482,143,7021, 570, 900

Loans anddiscounts.

$86, 090, 36783, 654, 25665, 259, 48640, 501, 27940, 660,91730, 974, 84630, 636, 48429, 343, 068"23, 210, 59228, 076, 75816, 577, 50621, 321, 90821,02H,36014. 770, 26510, 54:*, 08313, 087. 251

8, 333! 61715, 217, 75411, 468, 98010, 610, 954

9, 570, 7279, 420, 8317,217,6655, 695, 5125, 282, 217

Individualdeposits.

$51, 715, 36777, 834, 3716 L, 821,73524, 482, 78131,594,78413,096,23227, 693, 72032,501,42219,845,31719, 651, 29610, 095,49518, 575, 06117, 053, 7758, 233, 9315, 154, 3089,183,8725,425,196

11,816,7077, 783, 995

10, 089, 96710 132,3968, 376, 6635, 972, 2425, 744,1993, 335, 352

REDEMPTION.

Since the passage of the act of June 20, 1874, section 3 of whichrequires the banks at all times to keep on deposit in the Treasury 5 percent, of their circulation as a redemption fund, tiiat fund, as a rule,has been maintained, and circulating notes of the banks have beenpromptly redeemed at the Treasury without expense to the Government.

From the passage of the act of June 20, 1874, to November 1,1885, there was received at the redemption agency of the Treasury$1,594,305,738 of national bank currency for redemption. During theyear the receipts amounted to$l 15,880,327,of which amount$60,974,000,or nearly 40 per cent., was received from the bai.ks in the city of NewYork, and $29,762,000, or upwards of 20 per cent., from the banks inthe city of Boston. The amount received from Philadelphia was$7,446,000, from Chicago $3,943,000, from Cincinnati $2,154,000, fromSaint Louis $1,668,000, from Baltimore $3,797,000, from Providence$2,470,000, from New Orleans, $2,514,000, and from Pittsburgh $576,000.

The following table* exhibits the amount of national-bank notes re-ceived monthly for redemption by the Comptroller of the Currencyduring the year ending1 October 31, 1885, and the amount received dur-ing the same period at the redemption agency of the Treasury, to-gether with the total amount received since the passage of the act ofJune 20, 1874:

* Notes of gold banks are not included in the table.



Months.

Received by the Comptroller of the Currency.


1885.JanuaryFebruaryMarch ...AprilMayJuneJulyAugustSeptemberOctober

Total '.Received from June 20,

1874, to October 31,1884

Grand total

From na-tional banksfor reissueor surren-

der.

$65, 04077, 500

83, 04011,75045, 000

7, 44026, 900

130, 25010

8,C9060

22, 060

477,140

15,042,450

15, 519, 590

From re-demptionagency

for reissue.

$5, 279, 8005, 535, 800

6, 531, 0007, 343, 6006, 413, 3006,221,4006,591, 1008.558.600 j6, 482, 5004, 848, 9004, 140,9003, 675, 930

71, 622, 830

622, 042, 055 140, 342, 018

Act ofJune 20,

1874.

Notes of na-jtional banks!in liqnida- I

tion.Total.

$2,002,1951,971,575 |

2,266,1402, 072, 5331, 724, 7951, 472, 4801, 527, 4 JO

256, 6001, 660, 415

813, 500827,510

1,981, 120

18,576,283 | 8,949,180

$660, 785 $8, 007, 820644,639 | 8,229,514

798,262 ! 9,678,442784,537 I 10,212,420785, 580 8, 968, 675819, 729 8, 521, 049998,910 9,144,330107, 870 9, 053, 320

1,259,814 9,402,739807,184 6,477,674799 076 5, 767, 546482, 794 6, 161, 904

603,664,885 158,918,301

Received atredemption

agency.

33, 354, 329 810, 780, 852

42, 303, 509 910, 406, 285

$11, 471, 64412, 240, 921

17, 8P2, 88710, 972, 09610. 195, 58612,549,02614,1F9. 98316; 652, 30212,131,083

9, 8a3, 8437, 588, 980

10,111,976

99,625,433 | 145,880,327

1/448, 485,\411

__; \1, 594, 365, 768

The amount of notes fit for circulation returned by the redemptionagency to the banks of issue during the year was $46,402,730, being anincrease over last year of $13,322,430.

The total amount received by the Comptroller of the Currency for de-struction, from the agency and from the banks direct, was $72,099,970.Of this amount, $4,953,400 were the issues of banks in the city of NewYork, $9,557,000 of banks in Boston, $3,018,300 of Philadelphia,$3,403,000 of Providence, $1,812,600 of Baltimore, $1,818,000 of Pitts-burgh, $1,033,700 of Cincinnati, $591,500 of Louisville, $415,000 ofAlbany, $428,700 of New Orleans, and of each of the other principalcities less than $300,000.

The following table exhibits the number and amounts of national-banknotes of each denomination which have been issued and redeemedsince the organization of the system, and the number and amount out-standing on November 1, 1885*:

Number. Amount.Denominations. | —

Issued. Redeemed.

OnesTwosFivesTensTwentiesFiftiesOne hundredsFive hundredsOne thousandsPortion of notes lost

or destroyed

23,167,6777, 747, 519

93, 208. 40039, 804, 00112,318,1731, 75*, 5331, 287, 686

23, 9247, 369

179, 323, 282

Outstanding. j Issued. I Redeemed.

22,731,9637. 628 877

76, 817, 06629, 382, *72

8, 563, 7971,345,762 I

971, 92222, 7277,238

435, 714118, 642"

16,391,33410.421, 1293, 754, 376412,771315, 7641,197131

$23,167, 67715,495,038

4fi6, 042, 000398,040,010246, 363, 46087, 92(5, 650

128, 768, 60011, 962, 0007, 369, 000

147, 472, 224 31,851,058 1,385,134,435

$22, 731, 96315, 257, 754

384, 085, 330293, 828, 720171, 275, 94067,288,10097,192, 20011,363,5007, 238, 000

-21,890

1, 070, 239, 617

Outstanding.

$435, 714237, 284

81,956,670104,211,290

75, 087, 52020, 63K, 55031, 576, 400

598, 500

131, 000

+21,890

314, 894, 818

A table showing the number and denomination of national-bank notesissued and redeemed, and th *, number of each denomination outstand-ing on November 1, for the last thirteen years, will be found in theAppendix.



following table exhibits the amount of national-bank notes received at this office and destroyed yearly since the establishment of thesystem:Prior to November 1, 1865 $175,490 00During the year ending—

Oct. 31,* 1866 1,050,382 00Oct. 31, 1867 3.401,423 00

i Oct. 31. 186$ 4,602,825 00Oct. 3li 1869 8,603,729 00Oct. 31, 1870 14,305,689 00Oct. 31, 1871 24,344,047 00.Oct. 31, 1872 30,211,720 00Oct. 31, 1873 36,433,171 00Oct. 31, 1874 49,939,741 00Oct. 31, 1875 137,697,696 00Oct. 31, 1876 98,672,716 00Oct. 31, 1877 76,918,963 00Oct. 31, 1878 57,381.249 00Oct. 31, 1879 41,101,830 00Oct. 31, 1880 35,539,660 00Oct. 31, 1881 54,941,130 00Oct. 31, 1882. 74,917,611 50Oct. 31, 1883 82,913,766 00O,ct. 31, 1884 93,178,418 00Oct. 31, 1885 91,048,723 00

Additional amount of notes of insolvent and liquidating jiationalbanks 52,859,636 90

Total 1,070,239,616 40

Notes of gold banks are not included in the above table.

NATIONAL-BANK FAILURES.

The total number of national banks placed in the hands of receiversto November 1, 1885, has been 104, of which 4 became insolvent andwere placed in this category since November 1, 1884. A fall list ofthese banks will be found in the appendix, with the amount of capital,claims proved, and dividends paid. The four which have failed duringthe past year are as follows:

Name of b

Middletown National Bank of Middletown, N. YFarmers' National Bank of Buahnrll, 111 -Sclioharie County National Bank of Schoharie, X. TExchange National Bank of Norfolk, Va

Capital.

$200, 00050, 00050, 000

300, 000

Receiverappointed.

Nov. 29,1884Dec. 17, 1884Mar. 23, 1885Apr. 9, 1885

The affairs of seven banks have been finally closed, and a final divi-dend has been made to their creditors during the year. These banks,with the total dividends paid by each, are as follows:

Name of bank.

Venango National Bank of Franklin, Pa ...City National Bank of Chicago, I]]First National Bank of Georgetown, Colo .First National Bank of Allentown, PaFirst National Bank of Dallas, TexFirst National Bunk of Newark, N. J\ *First National Bank of Brattleboro', Vt.f .

Totaldividendson princi-

Per cent.23. 3777.51237. 64838838.10

100100

Propor-tion ofinterest

paid.

Per cent.

100100

* An assessment of 100 per cent, was made on the stock of this bank, but tbe amount paid was re-turned to the stockholders; 5 per cent, daring the present year.

t An assessment of 25 per cent, was made on the stock of this bank, but 64.625 per cent, of the amountpaid under this assessment was returned to stockholders during the present jear .Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

EEPOET OF THE COMPTROLLER OF THE CURRENCY. 39

The affairs of a number of banks in the hands of receivers have beencompletely liquidated, with the exception of some matters involved inlitigation now pending in the courts. Much of this litigation is pendingin courts of last resort, and it may be some time before the cases can beheard and decided. This condition of things may delay the final settle-ment of the affairs of these associations. In such cases, however, thereceivers are, as a rule, paid no salary, it being understood that on finalsettlement of the affairs of the banks they shall be paid only for actualservices rendered. The names of the banks in this condition, with thedividends already paid to their creditors, are as follows:

Name of bank.

Scandinavian National Bank of Chicago, 111New Orleans National Banking Association of New Orleans, La .First National Bank of Anderson, IndChai lottesville National Bank of Charlottesville, VaFourth National Bank of Chicago, 111National Bank of the State, of Missouri, Saint Louis, MoThird National Bank of Chicago, 111Central National Bank of Chicago, 111First National Bank of Waynes burg, PaPeople's National Bank of Helena, MontFirst National Bank of Bozeman, MontGerman-American National Bank of Washington, D. CSecond National Bank of Scranton, FaFirst National Bank of Butler. Pa

Dividendspaid.

Per cent.50.062.039.562.050.0

*100. 0*100.0

60.060.040.085.050.0

1100.070.0

*And interest. t And 50 per cent, of interest.

The following dividends have been paid to the creditors of insolventbanks during the past year, the total dividends paid up to November1, 1885, being.given in each case:

Name of bank.

Venango National Bank of Franklin, PaNew Orleans National Banking Association of New Orleans, La.First National Bank of Anderson, IndCity National B aik of Cbicairo, 111First National Bank of Georgetown, ColoFirst National Bank of Allentown, PaFirst National Bank of Wavneslmrg, PaFirst National Bank of Dallas, TexSecond National Buik of Scrauton, PaFirst National Bank of Newark, N. JFirst National Bank of Brattli4)oro, VtFirst National Bank of Buffalo, N. YPacific, Njtio- al Bank of Boston, MassFirst National Bank of Union Mills, Union City, PaVermont National B ink of Saint Alhans, Vt IFirst National Bank of Lendville, Colo |First National Bank of Saint Albans. Vt \First National Bank of Moumouth, 111Marine National Bank of New York, N. YHot Springs Nation il liank of Hot Springs, ArkRichmond National Bank of Richmond, IndLogan Nation U B.ink of West Liberty, OhioMiddletown National Bank of Middletown, N. YFarmers' National Bank of Bnshnell, IIISchohariH Countv National Bank of Schoharie, N. Y .Exchange National Bank of Norfolk, VaFirst National Bank of Jamestown, Dak

Dividendspaid during

the pastyear.

Per cent.8.372

14.50.512

15.14833

201.10

*5015

+64.62555

10305

12. 50201540363040402020

300

Totaldividends

paid todepositors.

Per cent.21376239.5077. 51237. 6483886038.10

10010010038156042. 502512. 50904070363040402020

100

Proportionof interest

paid todepositors.

Per cent.

50100100

ioo

*Of interest.t An assessment of 100 per cent, was made on the stock of tbis bank, but the amount paid was re-

turned to the stockholders, 5 per cent, during the present year.{An assessment of 25 per cent, was made on the stock of this bank, but 64.625 per cent, of the

amount paid under this assessment was returned to the stockholders during the present year.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


As has been seen, there have been but four failures of national banksduring the year ending November 1,1885, as against eleven during theprevious year. An inspection of the above list will show that each ofthe four banks failed this year has already paid a dividend to its cred-itors, two of them 40 per cent, each, and two 20 per cent each.

If receivers, on taking charge of insolvent national banks, discoverevidence which appears to indicate that insolvency has been caused bypractices in violation of the criminal statutes of the United States, suchevidence is at once, by direction of this office, referred through the properchannels to the Department of Justice for appropriate action againstthose who appear to have rendered themselves liable to the penaltiesof the law. Prosecutions of officers of many of the insolvent nationalbanks have been instituted*by the Department of Justice through theUnited States attorneys in the districts where the banks were located,and as a rule convictions have been secured where indictments havebeen found. A number of proceedings of this character are now pend-ing.

Since the commencement of the national banking system 104 bankshave been placed in the hands of receivers, 549 banks have voluntarilyclosed their business by a vote oH stockholders owning two-thirds of thestock, under the provisions of sections 5220 and 5221 of the RevisedStatutes, and the corporate existence of 26 expired by limitation. Ofthe banks in the hands of receivers, 9 had been previously placed inliquidation by their stockholders, but foiling to pay their depositors, re-ceivers were afterwards appointed by the Comptroller to wind up theiraffairs. Of the 104 banks placed in the hands of receivers, 70 havebeen finally closed, leaving 34 in process of settlement, of which, as hasbeen seen, 14 are virtually closed with the exception of pending litiga-tion, leaving 20 receiverships only in active operation.

Since the commencement of the system there has absolutely been noloss to the note-holders of insolvent national banks, every note hav-ing been promptly redeemed on presentation at the United StatesTreasury. The loss to the depositors of these insolvent national banksduring the twenty-two years elapsed since the passage of the act of Feb-ruary 25, 1863, as nearly as can be estimated, taking into considerationdividends which will probably hereafter be paid, has been about$9,860,000. The average annual loss to depositors has been thereforeabout $448,000 in the business of corporations having from year to yearan average capital of about $450,000,000, which corporations have beenresponsible for the safe keeping of deposits in their hands averagingconstantly over $800,000,000. The annual average loss to depositors ofall the national banks is therefore not in excess of one-twentieth of 1percent.

The total amount so far paid to creditors of insolvent national bankahas been $25,651,390 upon proved claims amounting to $43,159,252.The amount paid during the year has been $2,151,868.

Assessments amounting to $9,812,750 have been made upon stock-holders of the insolvent national banks to enforce their individual lia-bility under section 5151 of the Revised Statutes of the United States.From this source $3,982,627 has been collected; $348,670 of this amountduring the past year.

Reference is again made to the tables in the Appendix, showing na-tional banks which have been placed in the hands of receivers, theamount of their capital, of the claims proved, and the rates of dividendspaid, and also showing the amount of circulation of such banks issued,redeemed, and outstanding.


REPORT OF THE COMPTROLLER OF THE CURRENCY. 4 1

As stated in his last report:" It is the intention of the Comptroller to rigidly enforce the bank act and to call

the attention of the Department of Justice to any criminal violations of the same,but experience has proved that it is difficult, not only under the bank act, but gener-ally under criminal statutes, to always obtain sufficient evidence to convict offenders.The Comptroller is of the opinion that, with a few exceptions, the national bank acthas adequate provisions for the prosecution and conviction of those who lay them-selves liable to its penalties. As stated elsewhere, bank failures are not so much dueto the inadequacy of the law as to the failure on the part of the officers and directorsto maintain a proper supervision of the affairs of their associations."

TAXATION.

The only United States tax now paid by the national banks is thesemi annual duty of one-half of 1 per cent, upon the average amount oftheir notes in circulation during the preceding six months. The pro-hibitory tax of 10 per cent, upon State bank circulation paid out, asprovided by section 3412 of the Revised Statutes, is also still in force.Section 5173 of the Revised Statutes provides that the expenses of theBureau of the Comptroller of the Currency, including those of theplates and dies used for the printing of national-bank notes and of theprinting of such notes, shall be paid out of the proceeds of the tax oncirculation.

The act of June 20, 1874, provides for the redemption of national-bank notes in the office of the Treasurer of the United States; that thecost of such redemptions shall be paid by the banks; and that the costof the plates for printing, up to that time paid out of the proceeds ofthe tax on circulation, shall thereafter be paid from the proceeds of anassessment upon the banks. Section 6 of the act of July 12, 1882, forextending the corporate existence of national banking associations,provides that the cost of engraving plates for the issue of circulationof new design, required by the section, should also be paid by the banks.It was the evident intention of the enactors of the original banking lawthat all the expenses which were incurred by the Government in pre-paring circulation to be issued to national associations, as well as theexpenses of carrying on the Bureau of the Comptroller of the Currencyand enforcing the restrictions of the national banking laws, should bedefrayed from the tax on circulation. As has been seen, this principlewas changed by the act of June 20,1874, which, without abolishing thetax on circulation, imposed on the banks the expense of the redemptionof their notes and preparation of their plates, and this course was alsofollowed in the act of July 12, 1882.

The Comptroller in his last annual report suggested that, inasmuchas the constant contraction of the volume of the national-bank currencywas due in great measure to the fact that under present conditions bankscan make but a nominal profit from the issue of circulation, a readyand simple way to prevent a further diminution of the volume of na-tional-bank notes would be to abolish this tax, and also that if this taxwere abolished the expenses of the Bureau of the Comptroller of theCurrency could be paid by a pro rata assessment on the banks, as is nowdone in the case of the redemption of their notes by the Treasurer ofthe United States and in the case of the expenses of preparing platesfor printing notes.

The total expense of the Office of the Comptroller of the Currencyfrom the date of its organization to June 30,1885, has been $6,060,227.37,and the expense for the year ending on that date $225,29*3.38. Fromthe tax on circulation for the year ending June 30, 1885, $2,794,584.01was realized by the United States Treasury.



The total taxes collected from the national banks to the end of thepresent fiscal year are shown in the following table:

Years. jOn circulation.

1864 | $53,193 321865 I 733,247 591866 2,106,785 301867 ! 2,868,636 781868 2,946,343 071869 2,957,416 731870 2,949,744 131871 2,987,021 691872 3,193, 570 031873 3,353,186 131874 3,404,483 111875 3,283,450 891876 3,091,795 761877 2, 900, 957 531878 1 2,948,047 081879 3,009,647 161880 3,153,635 631881 3,121,374 331882 3,190,981 981883 3, 132, 0U6 731884 3,024,668 241885 2,794,584 01

Aggregates . 61,204,777 22

O n deposits.

$95,911 871,087,530 862, 633,102 772, 650, 180 092, 504,143 442, 614, 553 582. 614, 767 612, 80J, 840 853,120, 984 373,196, 569 293, 209, 967 723,514,265 393, 50:>, 129 643,451,965 383,273, 111 743, 309, 668 904,058,710 614, 940, 945 1 •>5,521,927 47

*2, 773, 790 46

60, 940, 067 16

O n capital.

$18, 432 07133,251 15406, 947 74321, 881 36306, 781 67312, 918 68375, 962 26385,292 13389, 356 27454,891 51469, 048 02507,417 76632,296 16660, 784 90560, 296 83401,920 6L379, 424 19431,233 10437, 774 90*269, 976 43

7, 855, 887 74

Totals.

$167, 537 261, 954, 029 605,146, 835 815, 840, 698 235, 817, 268 185, 884, 888 995, 940, 474 006, 175, 154 676, 703, 910 677, 004, 646 937, 083, 498 857, 305,134 047,229,221 567,013,707 816, 781, 455 656,721,236 677, 591, 770 438, 493, 552 559, 150, 684 356,175, 773 623, 024, 668 242, 794, 584 01

130, 000, 732 12

* Six months to June 1, 1883.

The following table exhibits the taxes upon the circulation, deposits,and capital of banks, other than national, collected by the Commissionerof Internal Revenue, from 1864 to November 1, 1882, the date uponwhich the taxation of capital and deposits ceased:

Years.

18641865186618671868186918701871 «187218731874187518761877187818791880188118821882*

Aggregates

On circulation.

$2, 056, 996 301,993,661 84

990,278 11214, 298 75

28, 609 8816, 56 j 0515,419 9422,781 928,919 82

24, 778 6216,738 2622, 746 2717, 947 675,430 161,118 72

13, <*03 2928. 775 37

4, 295 084, 285 77

5, 487, 608 82

On deposits.

$780, 723 522,043,841 082, 099, 635 831,355,395 981, 438, 512 771,734,417 632,177, 576 462,702, 196 84 •3,643,251 713, 009, 302 792, 453, 544 262, 972, 260 272, 999, 5.0 752, 896, 637 932, 593, 687 292,354,91) 742, 510,775 432, 946.9H6 644. 096, 102 451, 993, 026 02

48, 802, 237 39

On capital.

$903, 367 98374,074 11476, 867 73399, 562 90445,071 49827, 087 21919,262 77976, 057 61736, 950 05910, 878 15

1,102,241 58989,219 61927, 661 24897,225 84830, 068 56811, 436 48811,006 35

1, 153, 070 25489, 033 53

14, 986,143 44

Totals.

$2, 837,4, 940,3, 463,2, 046.1,866,2, 196,3, 020,3, 644,4, 628,3,771,3, 387,4, 097,4, 006,3, 829,3, 492.3, 198,3, 350,3, 76">,5, 253,2, 482,

719 82870 90988 05562 46745 55054 17083 61241 53229 14031 46160 67248 12698 03729 33031 85883 59985 28208 07458 47059 55

69, 275, 989 65

* Six months to November 30, 1882.

STATE TAXATION OF NATIONAL BANKS.

The reports of the Comptroller of the Currency for the years 1877,1880,1881, and 1882 contain chapters on the subject of State taxation ofnational bank shares, in which the decisions of the courts construingthe effect of the provisions of the national banking law permittingsuch taxation were considered.



In view of the recent decision of the United States Supreme Court inthe case of Boyer v. Boyer, and the action of the New York banks inseeking- the protection of the courts against the alleged discriminatingtaxation of their shares by the city of New York for the year 1885, it isdeemed best to give in this report a brief resume of the law authoriz-ing State taxation of national-bank shares, and the most important de-cisions of the courts construing this law.

The original national currency act of February 25, 1863, containedno provision authorizing the States to tax national banks in anymanner whatever. The number of banks organized under this act was,however, comparatively small, and the capital small compared withthe capital invested in banks organized under State laws, over whichthe States had full power of taxation. Much of the opposition to thenational system at the time of its inception was manifested by thosewho regarded it as hostile to the State systems, and as a step towardthe removal of one objection, at least, to the State systems becomingmerged in the national, Congress seems to have regarded it as neces-sary to grant to the States the authority to tax national banks. At anearly day the Supreme Court of the United States had held that theStates had no power to impose taxes on corporations created by Con-gress, and the same court has since held that the States cannot imposeany tax whatever on national banks without the authority of Congress.(Williams v. Assessors.)

The power to tax national bank shares was granted, and the methodof imposing such tax indicated by three provisos attached to section 41of the act of June 3, 1864, by which the original act of February 25,1863, was superseded. Under this law, shares of national-bank stockwere made liable to assessment by State authority at the place wherethe bank was located, but not at a greater rate than was assessed uponother moneyed capital in the hands of individual citizens of such State,and the tax imposed was not to be at a greater rate than was imposedupon the shares of banks organized under State law. Real estate be-longing to a national bank was to be taxed as other real estate wastaxed.

The question that appears to have first arisen as to the proper construc-tion of the law permitting State taxation of national bank shares, was inregard to the exemption of United States bonds held by national banks,in arriving at the value of the shares liable to taxation. The Hon. Free-man Clarke, then Comptroller of the Currency, in his report to Congressfor the year 1865, took strong ground in favor of the exemption of UnitedStates bonds held by the national banks. He claimed that unless suchbonds held by'a national bank were deducted from its capital in orderto arrive at the value of the shares liable to taxation, the States ex-ercised indirectly the right of taxing United States bonds, althoughsuch bonds were exempted by law from direct state taxation, and thatthus bonds held by national banks were taxed while those held by in-dividuals were exempted. He says, in regard to the ground taken bysome, that a tax on the shares was not a tax upon the securities repre-sented by those shares; "that the position assumed by those who favorthis hypothesis will be found, upon critical examination, to be fallaciouscan scarcely admit of a doubt."

The point came before the United States Supreme Court for decisionin Van Allen v. Assessors (3 Wall., 573), and it was decided by the ma-jority of the court that a share of national bank stock was a distinctthing from the capital of the bank, which capital may be invested in



United States bonds—that the shares are property in the hands of in-dividuals, while the corporation is the legal owner of all the propertyof the bank, real and personal.

The interest of the shareholder entitles him to participate in theprofits of the corporation while the latter is in existence, and also uponits dissolution to receive his proportionate share of such property a&may remain after the payment of its debts. It is this entire interestthat Congress has left subject to taxation by the States, and not suchportion as might remain were the amount invested in United Statesbonds deducted from capital.

The court also held in this case that a New York statute, assessing-shares of national banks for purposes of taxation at the same rate atwhich other moneyed capital was assessed, the tax not to exceed the parvalue of the shares, was void, because it was contrary to the provisionsof the Federal law—that taxation of national bank shares was not to beat a greater rate than was imposed on State bank shares.

The State banks in New York were not taxed on their shares, but oncapital, from which the deduction of the amount invested in UnitedStates securities was allowed, while this deduction could not be madeto reduce the value of national bank shares. The question then arosein a new form. Inasmuch as the law provides that shares of nationalbanks shall be assessed at the same rate as other moneyed capital inthe hands of individual citizens, and inasmuch as United States bondsand securities are exempt in the hands of individual citizens ; when thecapital of national banks is invested in United States bonds, is notthe State tax on their shares invalid ? The United States SupremeCourt in People v. Commissioners (4 Wall., 244) decided that under suchcircumstances the State tax on national bank shares was valid. Underthese two decisions it is apparent that no deduction can be made fromthe value of shares of national banks on account of the exemption fromtax of some of the assets in which their capital may be invested. Thisprinciple will apply to United States notes and to United States orother securities which may by law be exempt from taxation.

The next important case bearing on this matter decided in the UnitedStates Supreme Court was that of Lionberger v. House. This turnedupon the construction of that portion of the Federal law providing thatthe tax on national-bank shares should not be at a greater rate thanwas imposed on the shares of State banks. The point raised was thatthe State of Missouri taxed some State banks less than others. Theselightly taxed banks, holding an inconsiderable portion of the bankingcapital of the State, were organized under special charters, grantedprior to the commencement of the national system, which the State hadno power to change. There was no discrimination as between national-bank shares and those of State banks not so specially exempted. Thecourt construed the clause of theFederal law in question to mean onlythat the State, as a condition to the exercise of the power to tax theshares of national banks, shall, as far as it has the capacity, tax in likemanner the shares of banks of its own creation.

The act of February 10,1868, was passed to further define the placeand manner of taxation of national bank shares, amending section 41of the act of June 3,1864. It may perhaps be regarded as supersedingthat section to the extent of dropping out the proviso that shares ofnational banks shall be taxed at a rate no greater than is imposed onthe shares of State banks. This appears to be the view taken by Con-gress in 1873, when approving the Revised Statutes, as in those statutes



this proviso is not included. Section 5219, which now embodies thelaw on State taxation of national-bank shares, is as follows:

SEC. 5219. Nothing herein shall prevent all the shares in any association frombeing included m the valuation of the personal property of the owner or holder ofsuch shares, in assessing taxes imposed by authority of the State within which theassociation is located; but the legislature of each State may determine and direct themanner and place of taxing all the shares of national banking associations locatedwithin the State, subject only to the two restrictions, that the taxation shall not beat a greater rate than is assessed upon other moneyed capital in the hands of indi-vidual citizens of such State, and that the shares of any national banking associa-tion owned by non-residents of any State shall be taxed in the city or town wherethe bank is located, and not elsewhere. Nothing herein shall be construed to exemptthe real property of associations from either State, county, or municipal taxes, to thesame extent, according to its value, as other real property is taxed.

The validity of State taxation on national bank shares, is under thissection, to be determined solely by the inquiry whether it is at a greaterrate than is assessed upon other moneyed capital in the hands of indi-vidual citizens. There has, however, been great difficulty in so regulat-ing the taxation of national-bank shares by the States as to conformstrictly to the intent of this law. As a consequence, in many of theStates, national-bank shares, in the assessment and collection of taxes,have, it is alleged, been in different ways subjected to severe andunjust discrimination, as compared with other moneyed capital. Someof the methods of discrimination are as follows:

(1) Differences are made in the valuation of national-bank shares forpurposes of assessing taxes, as compared with the valuation of othermoneyed capital for the same purpose.

(2) Theindividual holders of other moneyed capital have been allowedto make deductions on account of certain exemptions, such as debtsowed by such individual holders, when holders of national-bank shareswere not permitted to deduct their debts.from the value of such shares.

(3) In the different States distinctions are made in the taxation ofvarious kinds of moneyed capital, other than national-bank shares, inthe hands of individual citizens, and the standard by which the taxationof national-bank shares is to be legally measured becomes thus con-fused.

Many forms of moneyed capital in the hands of individual citizens arealtogether exempted by law from taxation, while national-bank sharesare taxed. The difficulty arises in deciding by which class of moneyedcapital the tax on national bank shares is to be guided": Whether thereis to be no tax, as in case of exempted moneyed capital; a less tax, as incase of the class of moneyed capital taxed at a less rate; or a greater tax,as in case of the class of moneyed capital taxed at a greater rate.

All of these forms of discrimination have been passed on in litigationwhich lias come before the United States Supreme Court.

In Ohio the law provided certain State boards for equalizing the tax-ation on real estate, on railroad capital, and on capital invested inbank shares; but there was no State board for equalizing the taxationon personal property, other than bank shares, railroad stock, or othermoneyed capital. The equalization as to all other personal propertyassessed ceased with the county boards of equalization, but the countyboards throughout the State fixed the valuation of moneyed capitalfor purposes of taxation at six tenths of its true value, while the Stateboard fixed the taxable value of bank shares at their actual cash value.The rates of taxation being the same, bank shares were discriminatedagainst to the extent of four tenths of their value. In New York thelaw permitted the deduction of just debts of an individual from his



personal property, including his moneyed capital, excepting only hisbank shares.

In Pelton v. Commercial National Bank of Cleveland (101 U. S., p.143), and in Cutninings v. Merchants' National Bank of Toledo (101U. S., p. 153), the United States Supreme Court decided the ques-tion or' discrimination arising under the laws of Ohio. *In those casesit was held that a tax upon national-bank shares valued for taxationat a higher rate than other moneyed capital was invalid, and that uponpayment of the amount justly assessable a court of equity would enjointhe collection of the residue, but that the bank must pay the portionof the taxes justly due.

In People v. Weaver (100 U. S., p. 539), a case arising under the NewYork law, the Supreme Court decided that the word rate in the pro-vision of section 5219 United States Revised Statutes, that taxationshall not be at a greater rate than is assesssd upon other moneyed cap-tal in the hands of individuals, applies to and includes as well the valu-ation of shares for taxation, as the rate of taxes to be imposed; and that thelaw of the State of New York, which permitted a party to deduct bis justdebts from the value of all his personal property, except his national-bank shares, was void as to the taxation of such bank shares. Thecase of Evansville Bank v. Britton (104 U. S., p. 323), arising under thelaw of Indiana, taxing national-bank shares, supports tbe same doc-trine. These cases disposed of the first two forms of discriminationsalready mentioned, and pointed out the proper remedy to be pursuedby banks in avoiding the payment of taxes illegally assessed. Super-visors v. Stanley (104 U. S., p. 305) decides questions arising as to therecovery of excessive taxes which have been paid by the shareholdersof national banks.

Under the third class of discrimination—where doubt as to theproper taxation of national-bank shares arises from the fact that underState law a discrimination is made in taxing different classes of othermoneyed capital in the hands of individual citizens—the importantcases decided in United States Supreme Court are Lionberger v. Rouse(9 Wall.), already mentioned ; Hepburn v. School Directors (23 Wall.r480), and the recently decided case of Boyer v. Boyer. In Lionber-ger v. Rouse a discrimination was made by the State in taxing sharesof banks organized under its own laws—one class of banks beingtaxed at a higher rate than another. At that time, as has been seen,the law in force measured the taxation of national bank shares by thetaxation of State-bank shares, and in this case the United States Su-preme Court held a tax on national-bank shares to be valid which didnot exceed the tax imposed upon the larger bulk of State-bank shares.In Hepburn v. School Directors (23 Wall., 480) it was held by the UnitedStates Supreme Court that the exemption by State law from taxationof a small portion of other moneyed capital in the hands of individualcitizens was not a reason for exempting uational-bank shares fromtaxation. In this case also it was held that shares of national banksmight be taxed at an amount exceeding their par value, if their marketvalue exceeded their par value.

In the case of Boyer v. Boyer, the Supreme Court decided that ifthe great bulk of moneyed capital in the hands of individual citizensis exempted by State law from municipal taxation, that under the lawof Congress national-bank shares must be exempted also. The courtsays that cases will arise in which it will be difficult to determinewhether the exemption of the particular part of moneyed capital inindividual hands is so serious or material as to infringe the rules ot



substantial equality—that a proper construction of the act of Congressforces the conclusion that capital invested in national-bank shares wasintended to be placed upon the same footing of substantial equalityin respect to taxation by State authority, with other moneyed capitalin the hands of individual citizens, however invested. The court pro-ceeded to say:

Upon such facts, and in view of the revenue laws of the State, it seems difficult toavoid the conclusion that, in respect of county taxation of national-hank shares,there has been and is such a discrimination in favor of other moneyed capital againstcapital invested in such shares as is not consistent with the legislation of Congress.The exemptions in favor of other moneyed capital appear to be of such a substantialcharacter in amount as to take the present case out of the operation of the rule thatit is not absolute equality that is contemplated by the act of Congress; a rule whichrests upon the ground that exact uniformity or equality of taxation cannot in thenature of things be exp cted or attained under any system. But as substantialequality is attainable, and is required by the supreme law of the land, in respect ofState taxation of national-bank shares, when the inequality is so palpable, as to showthat the discrimination against capital invested in such shares is serious, the courtshave no discretion but to interfere.

Having in view this last decision, the banks of the city of New York,after due investigation of the subject by a committee* appointed for thepurpose, have arrived at the conclusion that the valuation of theirshares for purposes of taxation is illegal and void, for the reason thatthe greater portion of moneyed capital in the hands of individual citi-zens in the city of New York is, under the laws of that State, exemptfrom municipal taxation.

Suits have been brought in equity, and the bill in each-case asks foran injunction from collecting any taxes from the bank or from the indi-vidual shareholders until a final hearing of the cause.

The question is frequently asked this office, whether national-banknotes in the hands of individual citizens are liable to State taxation.Section 3707 of the Kevised Statutes provides that all stocks, bonds,Treasury notes, and other obligations of the United States shall be ex-empt from taxation by or under State or municipal or local authority.In section 5413, Revised Statutes, the words uobligation of the UnitedStates" is held to include national bank currency. The question of thetaxability of national bank currency arose in the case of the Board ofCommissioners in Montgomery County v. Elston (32 Ind., 27), andit was decided by the Supreme Court of the State that national-bankcurrency is not exempt from taxation by the State. The court held thatthe provision of law making national currency an obligation of theUnited States, only intended to throw around national currency thesame guards against counterfeiting that were by law provided for ob-ligations of the United States, and not to generally define national cur-rency as an obligation of the United States.

In the case of Home v. Greene, in the Supreme Court of the State ofMississippi (52 Miss., 452), it was decided that the circulating notes ofnational banks are not subject to State taxes. The question, therefore,still appears to be an open one.

LOANS AND RATES OF INTEREST.

The following table gives the classification of the loans of the banksin the city of New York, in Boston, Philadelphia, and Baltimore, in the

* Report of John Jay Knox, Edmund D. Randolph, and W. P. St. John, tax com-mittee, on the recent decision of the Supreme Court of the United States, New YorkJune 9, I d 5


48 REPORT OF THE COMPTROLLER OF THE CURRENCY/

other reserve cities, and in tbe remaining banks of the country at cor-responding dates in each of the last three years:

OCTOBER 2, 1883.

Classification.

On TJ. S. bonds on demandOn other stocks, bonds, &c», on

demandOn single-name paper without

otlu r securityAll other loans

Totals

48 banks.

$2, 093, 526

94,321,605

19,147, 049129, 546,152

245,108, 332

103 bants .

$344, 337

29, 638, 276

24,684,110146, 149, 205

200, 815, 928

97 banks.

$623, 679

23, 099, 682

17, 259, 584110,381,881

151, 364, 826

2,253 banks.

$1, 972, 232

41, 518, 741

87, 910, 589574, 760,143

706,161, 705

2,501 banks.

$5, 033, 774

188, 578, 304

149,001,332960, 837, 381

1, 303, 450, 791

SEPTEMBER 30, 1884.

Classification.

On U. S. bonds on demandOn other stocks, bonds, &c, on

dem-.indOn single-name paper without

other securityAll other loans

Totals .

44 banks.

$2, 933, 785

69,805,215

12,559,441120,054,836

205, 353, 277

104 banks.

$644,017

25, 763, 605

22, 458, 370150, 372, 086

199, 238, 078

99 banks.

$268, 396

18, 573, 905

16, 239, 550107, 543,129

142, 624, 980

I2, 417 banks. 2, 664 banks,

$970, 691

34, 050, 829

83, 816, 871574, 016, 071

692, 854, 462

$4. 816, 889

148,193, 554

135, 074, 232951, 986,122

1, 240, 070, 797

OCTOBER 1, 1885.

Classification.

On U. S. bonds on demandOn other stocks, bonds, &c, on

demandOn single-name paper without

other securityAll other loans'

44 banks. 105 banks.

;3,286,124 I $190,195 '

33,157,31980, 687, 265

25, 331, 820127,518,389

Totals I 236,823,598

34, 806, 254150, 270, 503

218,4-'4,271

98 banks.

$585,154

25,421,092

18, 480, 233106, 948. 959

151, 435, 438

2,467 banks. 2. 714 banks.

$504,134

34, 036, 931

92, 873, 780507, 057, 152

694, 471, 997

$4, 565, 607

173, 302, 607

171, 492, 087951, 795, 003

1, 301,155, 304

In the table below is given a full classification of the loans in NewYork City alone for the last five years:

Loans and discount.

On endorsed paperOn sinyle-named psiperOn U. S. bonds on demand . . .On other stncks,&c., on demandOn re;.l-estate securityAll other loans '.

Totals

October 1,1881.

48 banks.

$L12, 049, 0042<5, 9:5">, 87H

2, r>3M, 9.897,249, 162

230. 1007, 747, 5»7

216,757,659

October1882.

50 bank

$118,692,- 21,203,

1, 707,89, 532,

3 4,7, 600,

239, 041,

3,

s. .

651f>73(5877i 527:52487

892

October1883.

2,

48 banks.

$121,644,19, 147.

2, QiM,94,321,

184,7,717,

245,108,

201051527605(583265

332

September30, 1884.

44 banks .

$116,1'-,

2,69,

3,

205,

010, 0625">9, 443im, 7K580.% 2151G3 :;97881, 375

353, 277

October 1,1885.

44 banks .

$114,013,77525,331,8203.286, 124

80, 687, 265215,385

13, 289, 229

236, 823, 598

In previous reports the attention of Congress has been called to theprovisions of section 5200 of the Revised Statutes, which place restric-tions upon loans, and to the difficulty of enforcing the same. In citieswhere large amounts of produce are received and stored it is claimed to



be impossible for the banks to transact this class of business so long asthey are restricted to loans to an amount not exceeding1 in any case one-tentk of their capital. While it is true that the limitation prescribeddoes not apply to loans upon produce in transit where the drafts aredrawn on existing values, yet if the produce is stored instead of beingshipped, loans in excess of the one-tenth limit cannot be made except inviolation of law. in such a case the Comptroller has no means of en-forcing the law except by bringing suit for forfeiture of charter, whichmight result in great embarrassment to business, as well as loss to inno-cent stockholders, It seems evident that the law should be so amendedas to permit legitimate loans upon United States bonds, produce or ware-house receipts, and some other classes of collateral security.

HATES OF INTEREST IN NEW YORK CITY AND OF THE BANK OFENGLAND AND THE BANK OF FRANCE.

The average rate of interest in New York City for each of the fiscalyears from 1875 to 1885, as ascertained from data derived from theJournal of Commerce and the Commercial and Financial Chronicle, wasas follows:

1875, call loann, 3.0 per cent. ; commercial paper, 5.8 per cent.1876, call loans, 3.3 per cent, ; commercial paper, 5.3 per cent.1877, call loans, 3.0 per cent.; commercial paper, 5.2 per cent.1878, call loans, 4.4 per cent. ; commercial paper, 5.1 per cent.1879, call loans,1880, call loans!1881, call loans!188 2J call loans1883, call loans!1884, call loans1885, call loans!

4.4 per cent.; commercial paper, 4.4 per cent.4.9 per cent. ; commercial paper, 5.3 per cent.3.8 per cent.; commercial paper, 5 0 per cent.4.4 per cent. ; commercial paper, 5.4 per cent.5.7 per cent. .; commercial paper, 5.7 per cent.2A per cent, ; commercial paper, 5.(> per cent.2.3 per cent.; commercial paper, 5.5 per cent.*

The average rate of discount of the Bank of England for the sameyears was as follows :

During the calendar year ending December 31, 1-574, 3.09 per cent.During the calendar year ending December 31. 1875, 3.23 per cent.During the calendar year ending December 31, 1870, 2.GI per cent.During the calendar year ending December 31, 1.877, 2.91 per cent.During the calendar year ending December 31, 187 ri, 3,78 per cent.During the calendar year ending December 31, 1879, 2.50 per cent.During the calendar year ending December 31, 1880, 2.70 per cent.During the calendar year ending December 31, 1881, 3.49 per cent.tDuring the calendar year ending December 31, 1882, 4.10 per cent.tDuring the calendar year ending December 31, 1883, 3.57 per cent.tDuring the calendar year ending December 31, 1884, 3.18 per cent.§From December 31, 1884, to September 30, 1835, 2 per cent.$

From December 31,1884, the rate of discount of the Bank of Englandwas uniform at 2 per cent. The average rate of interest in New YorkCity for the four months previous to November 1, 1885, was, accordingto the Financial Chronicle, on call loans about 2 per cent, and on com-mercial paper about 4.3 per cent., and the rate of interest on October 31,1885, was on call loans 2.5 per cent, and on commercial paper 4.75 percent. The rate of discount in the Bank of France, which was loweredfrom 4 to 3J per cent, on March 23,1882, was.lowered to 3 per cent, onFebruary 23, 1883, and the general council of the bank reported on

* From the Financial Chronicle. Maximum rate.tFrorn the Financial Chronicle only.tFrora the London Bankers' Magazine.§ From the London Economist.



January 29, 1885, as stilted in the London Bankers' Magazine, that thisrate of discount had stood since the former date, ami that they had en-deavored for the advantage of business to maintain rhe position of afixed rate, and fortunately succeeded in doing so during the year 1884.

The number of trade bills admitted to discount in the bank of France-during the year 1884* was 5,144,035, representing1 the sum of$907,870,300. * Of this number of bills there were 14,327 biljs of $2.08and under, 661,895 bills from $2.29 to $10, 905,293 bills from $10.2L to#20, and 3,563,120 bills above $20; that is to say, nearly a third inbills under $20.21. The number of trade bills under $20 steadily in-creases. In 1880 there were 1,014,412 of these small discounted bills,in 1881 1,160,945, in 1882 1,224,326, in 1883 1,349,270, and in 1884 theyincreased to 1,581,515. The report by the governor of the Bank ofFrance for the year 1884 states that the proportion of the discountsfor retail trade in Paris has continually increased during the past year.

DIVIDENDS AND EARNINGS.

The large number of mercantile failures which have occurred during1884 and 1885 have not apparently injured or weakened the nationalbanks, the aggregate surplus funds and undivided profits having beenbut slightly reduced. The aggregate surplus of 2,664 banks on Sep-tember 30, 1884, amounted to $147,055,038, and the undivided profits to#63,234,238.

At the close of business October 1, 1885, the aggregate surplus fundof 2,714 banks amounted to $146,624,642, and the undivided profits to$59,335,519, showing a decrease in surplus of $430,396, aud in undividedprofits of $3,898,719.

The following table shows the losses of national banks from Septem-ber 1, 1880, to September 1, 1885, and the ratio of losses to the aggre-gate capital employed :

Semiannual dividend periods.

September 1, 1880, to March 1, 1881March 1, 1881, to September 1, 1881September 1, 1881, to March 1, 1882March 1, 1882, to September 1, 1882September 1, 1882, to March 1, 1883March 1. 1883, to September 1, 1883September 1, 1883, to March 1, 1884March 1, 1884, to September 1, 1884September 1, 1884, to March 1, 1885March 1, 1885, to September 1, 1885

Capital.

$456, 844, 865458, 934, 485460, 354, 48547:1,947,715483, 091, 342494,640,140507, 969, 300518, 605, 725522,899,715524, 599, 602

Losses.

$5, 007, 2975,462.7133, 886, 8364,412,5754, 640, 8656,146, 2945, 593, 691

11, 377. 2939,973,1018, 739, 420

Ratio.

1.101.190.840.930.961.241.102.191.911.67

Numberof banks.

2,0872,1002,1372,1972,2672,3592,4912,5822,6502,665

The following tables havabeen compiled in order that comparisons mayhe made between the annual dividends paid by the national banks of theUnited States and those paid by banks in foreign countries to theirstockholders, and indicate that the average dividends and earnings of

* London Bankers' Magazine, August, 1885, p. 698.



the national banks in the United States are as a rule less than thedividends of joint-stock banks of other countries :

FOREIGN BANKS.

* £

Bank.

Bank of Eno-landLondon and partly pro

vinoial banks.Yorkshire and North-

era.Lancashire and Che-

shire.Midland and Eastern. .Welsh and West of

England.Bank of ScotlandScotch banksBank of Ireland.Irish banks

Colonial banks.

^ o n075, 000917,720458, 457933, 400

Ii

Australasian j 67,173, 039Canadian | 47, 332, 3i 6Eastern j 3U, 552, 472South A frican | 6, 5<H, 000West Indies { 2, 916, 000

14

1210 i

1010

Ano; lo-Cont inenta lbanks.

[Russian banksAustro-Hunjrariau . .Anst ro- H u n g a r i a n

banks.Banque Rationaleiielîan banksBauqiiH de FianceFrench banksDeutsche Reiclia bankGerman banks - . . ..Barn a Nazionale d7

Ita'ia.Italian banksSwi.ss banksSpanish bankImperial OttomanTurkish banks

Paid npcapital.

in

$5,603,580 I

20, 988,35, 370,3.', 619,

9, 650,10,562,35, 222,

114,352,28, 56w,52,407,38, 600,

15, 440,8, 202,3, 860,

24, 300,18, 715,

009000000 I

000066500500000 !600 |

ooo I000 i500000000512

1121

96i8*

13|

86*

NATIONAL BANKS IN THE UNITED STATES.

City of BostonNew England StatesCity of New York ..City of AlbanyCity of PhiladelphiaCity of Pittsburgh .City of Baltimore .%City of WashingtonMiddle StatesCity of New Orleans.City of Louisville

fr50, 950, 000115,584.37046, 250, 0001, 775, 000

18, 058, 00010, 179, 60011, 713, 2601,125, 000

83, 958, 8883, 525, 0003, 551, 500

5.57. 18.89.59.17.47.46.87.77.96.8

Southern States . . .City of Cincinnati .City of Cleveland.City of C hicascoCity- of DetroitCity of Milwaukee.City of Saint LouisWestern StatesCity of San FranciscoPacific States and Ter-

ritories

35, 997, 8508, 600, 000ft, 932, 050

11, 150, 0002, 6r>0, 000

650, 0003, 250, 000

95, 518, 1401, 500, 000

11, 831, 000

8.16.459.29.3

11.46.38.8

9.4

The information in regard to the foreign banks has been derived fromthe London Bankers' Magazine for October, 1885, and is to the latestobtainable date. The principal bank in each country is given sepa-rately, and the dividends paid by other banks in the same country areaveraged. Similar statements of the national banks of the UnitedStates are by geographical divisions, the reserve cities in each beinggiven separately, and the dividends paid by all other banks in the samedivision are averaged.

Farther particulars in relation to dividends paid by the nationalbanks in the United States will be found in a table given in the Ap-pendix.

TRANSACTIONS OF THE NEW YORK CLEARING-HOUSE.

The New York Clearing-House Association is composed of 43 na-tional and 21 State banks and the assistant treasurer of the UnitedStates at New York. Through the courtesy of Mr. W. A. Gamp, itsmanager, a statement of the transactions during the year ending Octo-


REPORT OF THE COMPTROLLER OF THE CURRENCY.

ber 1, 1885, has been obtained, which shows that the total exchangeswere more than $25,000,000,000, while the balances paid in money wereover $1,295,000,000. The daily average balances paid were $4,247,009,or about 5.1 per cent, of the amount of the settlements.

The balances paid in money during the year consisted of $120,436,000in clearinghouse certificates of the Bank of America; clearinghousecertificates for legal-tender notes amounting to $405,900,000; legal-tenders amounting to $212,643,251; and United States gold certificates$556,376,000. Since the d ite of the issue of the new gold certificates(October 4, 1883), authorized by the act of July 12, 1882, the greaterportion of the balances due from the Government, have been paid inthese certificates instead of coin, thus dispensing with the movementof large amounts in bags and upon drays from the Treasury to the cus-tody ol the banks. During the six months ending November 1, 1884,a portion of the balances du^ from the Treasury of the United Stateswere paid in legal-tender notes, and during the past year the amount ofgold certificates of the United States and of the Bank of America re-ceived inpayment have decreased, while the balances paid in clearing-house legal-tender certificates and legal-tender notes amount to nearlyone-half of the entire money balances paid.

The following table shows the yearly transactions of the New YorkOlearing-House for the thirty-two years since its organization in 1853,and the amounts and ratios of currency required for the payment ofdaily balances:

Years.

18541855185618571858 •..185918601861186218631864186518661867186818691870187118721873187418751876187718781879188018811882188318841885

No. ofbanks.

5048505046475050505049555858595961626159595959585759576061636164

Capital.*

$47, 044, 90048, 884,18052, 883, 70064, 4'20,20067,146,01867,921,71469, 907, 43568, 900, 00568, 375, 82008, 972, 50868, 586, 76380, 363, 01382, 370, 20081, 770, 20082, 270, 20082, 720, 20083, 620, 20084, 420, 20084,420, 20083, 370, 20081, 635, 20080, 435, 20081,731,20071. 085, 20063,611,50060, 800, 20060, 475, 20061,162, 70060, 962, 70061,162, 70060,412,70058, 612, 700

t70,014,239

Exchangof*.

$5, 750, 455, 9875,362,912,0980,906,213,3288,333,226,7184, 756,1)64, 386."), 448, 005, 9567,231,143,0575,915,742,7586,871,443,591

14, 867, 597, 84924, 097,196, 65626, 032, 384, 34228,717, 146,91428, 675,159, 47228, 484, 288, 63737, 407, 028, 98727, 804, 539, 40629, 300, 986, 68233, 844, 369, 56835, 461, 052, 82622, 855 927, 63625, 061, 237, 90221,597,274,24723, 289, 243, 70122, 508, 438, 44225,178, 770, 69137,182,128,62148, 565, 818,21246, 552, 846,16140,293,165,25834, 092. 037, 33825,250,791,440

J 744, 695,238, 867

Balances paidin money.

$297,411,494289, G94, 137334, 714, 489365,313,902314,238,911363, 984, 683380, 693, 438353, 383, 944415,530,331677, 626, 483885,719,205

]

,035,76"), 1081,066,135,1061,144,903,4511,125, 455, 2371,120, 318, 308., 036, 484, 822,209,721,029., 428, 582, 707., 474, 508, 025L, 286, 753,176, 408, 608, 777

L, 295, 042, 029, 373, 996, 302., 307, 843, 857L, 400, 111, 063,516,538,631,776,018,162, 595, 000, 245,568,983,196

1, 524, 930. 9941,295,355,252

+32,669,426,493

Averagedaily

exchanges.

$19,104, 50517,412,05222, 278,10826, 968, 37115,393,73620, 867, 33323, 401, 75719,269,52022, 237, 08248, 428, 65777, 984, 45584, 796, 04093, 541,19593,101,16792,182, 164

121, 451, 39390, 274, 47995,133, 074

109, 884, 317115, 885, 79474, 692, 57481, 899, 47070, 349, 42876, 358,17673, 555, 98882, 015, 540

121,510,224159,232,191151, 637, 935132,543,307111,048,98282, 789, 480

175, 850,909

Averagedaily bal-ances paidiu money.

$988, 078940, 565

1,079,7241,182, 2461, 016, 9541,177, 9441,232,0181,151,0881, 344, 7582, 207, 2522, 866, 4053, 373, 8283, 472, 7533,717,4143, 642, 2503, 637, 3973, 365, 2103, 927, 6664, 636, 6324, 818, 6544, 205, 0764, 603, 2974,218,3784, 504, 9064, 274, 0004, 560, 6224, 956, 0095,823,0105,195,4405,161,1294, 967, 2024, 247, 069

13,327,968

Ratios.

Per ct6.25.44 .84.46.65.65.36.0

! 6.04.63.74.08.74.04.08.03.74 .14 .24 .15.75.65.95.95.85.64 .13.5a 43.94 .55.1

4.4

*The capital is for various ditcs, the amounts at a uniform date in each year not being obtainable,t Yearly averages for thirty-two years. \ Totals for thirty-two years.



The total amount of transactions for the thirty-two years given in thetable is $744,695,238,867, and the annual average is $23,271,726,214.

The clearing-house transactions of the assistant treasurer of theUnited States at New York for the year ending October 1, 1885, wereas follows :

Exchanges received from clearing-house $259,935,584 08Exchanges delivered to clearing-house 114,051,016 05

Balances paid to clearing-house 146,724,869 08Balances received from clearing-house 840, 301 05

Showing that the amount paid by the assistant treasurer to the clear-ing-house was in excess of the amount received by him 145, 884,568 03

A table compiled from statements made by the New York clearing-house, giving the clearances and balances weekly from September 4,1880, to October 31, 1885, inclusive, will be found in the Appendix, andis valuable for purposes of comparison.

The following interesting table has been copied from the Commercialand Financial Chronicle of New York City, of November 7, 1885, whichgives information concerning the exchanges at New York and othercities having clearing houses for the week ending October 31, compar-ing them with those for the corresponding week in 1881:, and showingthe percentage of differences. The exchanges at the same places for themonth ending October 31, 1885, are also given with the percentage ofdifferences resulting from a comparison with the exchanges for the samemonth of the previous year:

Week. October.

New YorkBostonChicago.PhiladelphiaSaint LouisSau Francisco.....New OrleansBaltimoreCincinnati.PittsburghProvidenceKansas CiiyMilwaukeeLouisvilleDetroit...Cleveland . . .MemphisHartfordColumbusIndianapolisPortland ..PeoriaWorcester ..SpringfieldSaint JosephLowell..

Total

Owtsidc New York.

1885. 1884.

$605,76,48,47,13,11,10,10,8,7,5,4,4,3,2,

Percent. 1885.

$458, 532, 56858.811,46844,515,79239, 828, 33712, 918. 5751.3, 3(55, 680

8, 477, 67311, 577, 6588, 062, 2508,461,6994,498,700 !3,602,645 I3,702,453 j3,289,468 j

2,61)0,5221,881,996 !1,385,609 i1,173,465 j1,192,532 !1,355,327 j1,023,975 i

776,746 j808,300 i6f>3,389 !579,131 !456,011 |

+ 51.6+ 30.9+ 9.6+18. 9+ 5. 8—13.9+ 26. 9—10.7+ 1.9—12.5+24. 0+-32.4 i+ 20.9 !+ 17.5 :+ 9.6+13.9 i+ 14.2+30.7 !+ 16.3 i+ 3.2+ 1.4+20.6 '— i. 6 ;+ 9.2+ 9. 8—10.3 i

$3,189,342,234,236,66,5L,40,52,41,32,22,25,18,19,14,9,6,8,6,6,4,4,4,3,3,2,

746,196121,551770, 623905, 761532, 755609, 656349, 600164, 929952, 425765. 984813, 0000X5, 652691,227467,445591, 498858,182595, 745301. 504505, 282053, 829544, 266454, 202459,517409, 539323, 586351,427

5,370,856,125288, 641, 009204, 712, 276208, 220, 03263, 474, 95954,162,81638, 420, 30057,616,44938, 736, 05037, 489, 98716, 674, 20017, 406, 42116, 330, 70716,211,38113, 279, 2779, 397, 9425, 500,1866, 254, 0036, 04K, 2655, 888, 1124,471,8684, 079, 3643, 766, 7393,291,3962,566,1632, 360, 967

964, 027, 168 j 693, 601, 969 j +39. 0 i 4, 449, 431, 381 | 3, 495, 856, 994

268,812,781 ! 235,069,401 ! +14.4 1, 259, 685,185 1,125, 000, 869

Percent.

+ 34.5+ 18.5+ 14.7+ 13.8+ 4. 8— 4.7+ 5.0— 9.5+ a. 3— 12.6+ 36.9+44.1+ 14.5+ 20.1+ 9.9+ 4.9+19. 9+32.7+ 7.6+ 2.8+ 1.6+ 9.2+ 18.4+ 3.8+ 29.5— 0.4

+27.3

The following table exhibits the transactions of clearing-houses lo-cated in twenty-nine cities for the year ending October 1, 1885, from



official returns received by the manager of the New York clearing-house:

Clearing-houses.

New YorkBostonPhiladelphia .ChicagoSaint LouisBaltimoreSan FranciscoPittsburgh .. . .New Oilians .CincinnatiProvidenceLouisvilleMilwaukeeDetroitClevelandIndianapolis . . .Kansas City . . .HartfordNew Haven . . .ColumbusMemphisPeoriaWorcesterSpringfieldLowellSyracusePortlandOmaha,Saint Joseph . .

Exchanges-

250,791,305, 702,244, 194,248, 230.745, 577,090, 8o9,562, 040,358, 517,387, 485,439, 034,205, 575,208, 714,179, 437,134, <i50,101,305,

65, 2 !5,209, 335,

77, 495,54, 803,33, 632,67, 199,40, 554,37, 036,36, 754,22,403,

4407304061893233461838509000000001209530062823399L55266375172603339926866L4

24, 372, 02244, 786, 547

New.33, 784, 703

Balances.

37,770,110,819

$1, 295, 355, 252442,972,332215, 464, 080257, 588, 370122, 057, 23776, 623, 87796,150, 78774, 460, 99146,712,200

No record.No record.49, 794, 20931,907,46323, 849, 499

No record.10, 936, 13433, 309, 05523, 484, 96012, 542, 68610, 905, 25810, 008, 33211, :<70, 21711,358,66410, 396, 2308, 578, 9295, 675, 2608, 556, 421

New.9, 510, 485

2, 905, 629, 837

From the above table it will be seen that the exchanges in New YorkCity amounted to 66.8 per cent, of the whole sum, and the balances inthat city were nearly 44.6 per ceut. of the total balances.

CLEARING-HOUSE CERTIFICATES.

Section 5192 Revised Statutes, provides that clearing-house certifi-cates representing specie or lawful money specially deposited for thepurposes of any clearing house association, shall also be deemed to belawful money in the possession of any association belonging to suchclearinghouse holding and owning such certificates; and section 5193provides that the Secretary of the Treasury may receive United Statesnotes on deposit, without interest, from any national banking associa-tion, in sums not less than $10,000, and issue certificates therefor indenominations of not less than $5,000, which certificates may be countedas part of the lawful money reserve, and may be accepted in the set-tlement of clearing-house balances at the places where the depositstherefor were made.

The legal-tender note certificates were first issued in the fiscal year1873. On June 30, 1875, there were outstanding $59,045,000 of thesecertificates, of which the national banks held $47,310,000. On June 30,1876, the amount outstanding was $33,140,000, of which the banks held$27,955,000. On June 30, 1879, the amount had been reduced to. $29,-330,000, and the banks held on June 14 of the same year $25,180,000.The amount outstanding on September 30, 1885, was $23,185,000, andthe national banks held on that day $18,800,000. The issue of the goldcertificates was authorized by the fifth section of the act of March 3,18(33, and they were used for clearing-house purposes soon after thepassage of the national bank act.

The first issue was made on November 13, 1865. On June 30, 1875,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


there were outstanding $21,79fi,300, of which the national banks in NewYork City held $12,642,180. The issue of these certificates was discon-tinued on December 1,1878, and the amount outstanding had decreasedon Jane 30, 1879, to $15,413,700, and on October 1, 1880, to $7,480,100.The amount outstanding on October 3, 1882, was $4,907,440, of whichthe national banks held $1,594,300. The issue of gold certificates hav-ing been discontinued by the Government, and the amount of gold coinhaving rapidly increased, the banks in New York found it necessary to es-tablish a depository of gold coin for the convenience of the clearing-house. This depository at the present time is the Bank of America, bywhich bank certificates of deposit were first issued on October 14,1879.The amount of such certificates outstanding on January 1, 1880, was$25,610,000, and on October 1, 1883, was $22,955,000.' The largestamount of coin on deposit was on January 21, 1882, viz, $45,330,000^.the capacity of the vault having been increased since 1880. Of thisamount the national banks of N"ew York City held on October 2; 1883,.$20,345,000; on September 30, 1884, $15,123,000; and on October 1,1885, $16,094,000.

These banks on the same date held of gold Treasury certificates is-sued under the acts of March 3, 1863, and July 12, 1882, $62,249,740.The act of February 28, 1878, authorized any holder of silver dollars ofthe weight of 412^ grains troy of standard silver to deposit the samewith the Treasurer or any assistant treasurer of the United States insums not less than $10, and receive therefor certificates of not less than$10 each, corresponding with the denomination of the United Statesnotes. It required that the coin deposited or representing the certificates should be retained in the Treasury for the payment of the sameon demand, and that said certificates should be receivable for customs^taxes, and all public dues, and also authorized their reissue.

The New York Clearing-House Association issued daring July andiAugust, 1885, clearing-house certificates .based upon fractional silverspecially deposited for such purpose, and on October 1, 1885, the na-tional banks of New York City held $4,825,000 of these certificates.*

It would appear that these certificates could b(3 legally held if desiredas a portion of the lawful money reserve of national banks, undersection 5192 of the Revised Statutes of the United States, which pro-vides, as heretofore stated, that clearing house certificates representing"specie or lawful money, specially deposited for the purpose in the clear-ing-house association, shall be deemed lawful money. The fractionalsilver coin represented by these certificates could also be converted intolawful money at any time, as they are redeemable in lawful money ofthe United States on presentation at the Treasury.

Section 12, act of July 12, 188J, provides that the Secretary of theTreasury is authorized and directed to receive deposits of gold coinwith the Treasurer or assistant treasurers of the United Scates insums not less than $20, and to issue certificates therefor in denomina-tions of not less than $20 each, corresponding with the denominationsof United States notes. The coin deposited for or representing thecertificates of deposit shall be retained in the Treasury for the paymentof the same on demand. Said certi ficates shall be receivable for customs,taxes, and all public dues, and when so received may be reissued; andsuch certificates, as also silver certificates, when held by any nationalbanking association, shall be counted as part of its lawful reserve, andno national banking association shall be a member of any clearing house

* These certificates were retired during the month of November, the fractionalcoin which they represented having been presented and redeemed in lawful money.



in which such certificates shall not be receivable in the settlement ofclearing-house balances.

The amount of silver certificates on November 1.1885, was $125,053,-286, and the amount held by the Treasury was $31,906,514, leaving theamount outstanding $93,146,772.

The amount of gold certificates on November 1,1885, was $140,136,610,and the amount held by the Treasury was $31,115,850, leaving theamount outstanding $109,020,760.

On October 1, 1885, the national banks held $2,274,6~>0 of silver cer-tificates, and $72,986,340 of gold certificates, issued under the acts ofMarch 3, 1863, and July 12, 1882.

In addition to the certificates heretofore mentioned, the nationalbanks of New York City held on October 1, 1885, $1,945,000 clearing-house loan certificates, issued in pursuance of resolutions adopted May14, 1884, to the Metropolitan National Bank, now in liquidation, andState banks in New York City held $735,000, the total outstanding onthat date being $2,680,000. On the 13th of October $130,000 of thesecertificates were paid by the Metropolitan* National Bank, leavingthe aggregate amount outstanding on that date $2,550,000. Thesecertificates are secured by a deposit in trust of certain securities and billsreceivable with the loan committee of the New York Clearing-HouseAssociation, and bear interest at the rate of 5 per cent, per annum. Theyarecarried by the associated banks among their loans, and were in ore fullydescribed in the report of this office for the year 1884, pages 36 and 37.

RESERVE.

The following table exhibits the amount of net deposits and there-serve required thereon by the act of June 20, 1874, together with theamount and classification of reserve held by the national banks in NewYork City, in the other reserve cities, and by the remaining banks, at.the dates of their reports in October of each year from 1875 to 1883,on September 30, 1884, and on October 1, 1885 :

NEW YORK CITY.

Oct. 1,1875..Oct. 2, 1876..Oct. 1, 1877..Oct. 1, 1878Oct. 2, 1879..Oct. 1, 1880Oct. 1, 1881..Oct. 3, 1882..Oct. 2, 1883..Sept. 30, 1884Oct. 1, 1885..

Reserve held.! Nnm- i

Oct. 1, 1875Oct. 2, 1876..Oct. 1, 1877Oct. 1, 1878..Oct 2, 1879..Oct. 1, 1880..Oct. 1, 1881..Oct. 3, 1882..Oct. 2, 1883Sept. 30,1884.Oct. 1, 1885..

Net de- j Reserve Jposits. | required. j A m o u u t

".'IMillions.

202. 3197.9174.9189.8210 2268.1268. 8254.0266. 9255.0312. 9

Millions. !Millions.60. 560.748.1f.O. 953. 170.662.;")64.470.890.8

115.7

50.6 I49.5 I43.747.452.667.067.263. 566.763.7 i78.2

Classification of reserve.

Ratio <odeposits.

Per cent. Millions.29.930.7 j27.526.8 I25.3 '26.4 i23. 3 !25.426. 535.6 !37.0 I

ions.5.0

14.613.013. 319.458.750.644.550.363. i91.5

Other law-ful money.

Millions.54.445.334.336.532.611.010.918.919.727.023.7

Due fromagents.

Millions.

"Redemp-tion fund.

Million*.1.10.80.81.11.10.91.01.00.90.70.5

OTHER RESERVE CITIES.

188189188184181184189193200203203

223. 92L7.0204.1199.9268.8289.4335.4318.8323. 9307.9364. 5

56.054.251.050.057.272.483.979.78 L 077.091.1

74.576.167.371.183. 5

105. 2100.889.1

100.699.0

122.2

33.335.133.033. 636.536. 230.028.031. 132. 233.5

1.54.05.69.4

11.328.334.628. 326.330. 342.0

37.137.134.329.433.025.021.924.130.133.334.9

32.332. 024.429.135.748.240.633.240.832.342.4

3.63.03.03.23.53.73.73.53.43.1


REPORT OF THE COMPTROLLER OF THE CURRENCY. 57S T A T E S AND T E R R I T O R I E S .

Oct. 1,1875Oct. 2,1876 . . . .Oot 1,1877Oct. 1,1878... .Oct. 2,1879Oct. 1, 1880.Oc t 1,1881Oct. 3,1882Oct. 2,1883 . . .Sept. 30, 1884 . .Oct. 1,1885

Oct. 1,1875. . . .Oct. 2,1876. . .Oct. 1,1877Oct. 1,1878. . . .Oct. 2,1879. . . .Oct. 1,1880 . . .Oct. 1, 1881Oct, 3,1882Oct. 2,1883 . . .Sept. 30. 1884 . .Oct. 1,1885

1,8511,8531,8451, 8221,8201,8591,8952,0262, 2o32,4172, 467

2, 0872,0892,0802, 0532,0482.0902, 1322, 2G92. 5012, (5642, 714

307. 9291.7290.1289.1329. 9410. 5507. 2545. 8577. 9535. S570. 8

734.1706.6669. 1678.8768.9968.0

1, 111.61,118.61,168.71, 098. 71, 248. 2

46. 343.843.643.449.561.676.181.986.780.485. 6

152. 2147.5138. 3140.8159. 3201.0227.2225.1234. 4221. 1254. 9

1 100.199.995.4

i 106.1I 124.3! 147.2! 1.<K 3• 150.4

157.5156. 3177. 5

SUM.M

235.1236. 7210.8228. 1260. 9323. 0321.6303. 9328. 9346. 1415. 4

32.534.332. 936.737.735.831.227.527.229. 231. 1

ARY.

32. 033.531.533.633. 93.1 428.927. 228.131.633.3

1.62.74.28.0

11.521.227.530.031.235.241.5

8.121 322.830.742. 2

108.2112.7102. 8107. 8128.6175. 0

33.731.031.631.130.328.327.130.030.830.929.9

125.2113.4100. 297.095.964.359. 972.080.691.288. 5

53.355.448.956.071.386.492.480.184.179.795. 9

85.687.473.385.1

107.0134. 6133.0113.3124.9112.0138.3

11.610.810.711.011.211.311.411.311.310. §io. a

10.214.614.515.315.815.916.115.815.«14,313.6

The following table, compiled from returns made to the clearing-houseby the national banks in New York City, exhibits the movement of theirreserve, weekly, during October, for the last nine years:

Week ending— Specie.

October 7, 1876October 14, 187oOctober 21.1876October 28, 1870October 6, 1877October 13, 1877October 20, 1877October 27, 1877October 5, 1878October 12, 1878 .October 19. 1878 ..October 26,' 1878...October 4, 1879.October 11 1879October 18, 1879October 25, 1879October 2, 1880October 9, 1880October 16, 1880October 23,1880October 30,1880October 1, 1881October 8,1881.October 15,1881.October 22,1881October 29,1881October 7,1882October 14,1882October 21,1882October 28, 1882October 6,1883October 13, 1883October 20,1883October 27, 1883October 4, 1884October 11,1884October 18,1884October 25,1884October 3, 1885October 10, 1885October 17, 1885October 24, 1885October 30,1885...

$17, 6^2.16,233,15,577,14.011,14, 665,14, 726,14, 087,15,209,14, 995,12. 184,13,531,17, 384.18, 979,20, 901,24, 680,25, 63(5,59, 823,62, 521,62, 760,60, 888,61,471,54, 954,53, 287,51,008,54, 016,55,961,

600 ;600 if>00600 !600 j500400 !000 I800 i600 j400 I200 !600 j800 !

5oo:ooo :700 1300 :600200 -600600900300200

47, 016,48, 281,49,518,48, 374,51, 586,50, 894,47, 2152,46, 372,67,470,68, 922,67, 579,67, 638,92, 351,93, 642,91,945,87, 309,84, 954,

000000200200 ;700 !000 ;900 ;8()0600 !500 i400 I000 |600 !500 !300 i100 ;

600 I

Legal-tend-ers.

$45, 535, 600 i43, 0()4, 600 I41,421,700 !41,615,600 |315, 168,300 i35, 178, 900 !35,101,700 |34,367,800 j38,304,900 !37,685, 100 |36,576,000 I35, 090, 500 i34, 308, 000 !32, 82l), 300 !29,305.200 |26.713.9U0 i11, 129, 10010, 785, 00010, 939, 20010, 988, 20010, 925, 00012,150,400 i12,153,800 !12,452,700 I12,496, 50012, 947, 90018, 384, 50018, 002, 70017, 023, 90017, 204, 70020,122, 50021, 145,80020,719,70020,617,60025, 817, 30027,654,10027, 875. 50027, 354, 20024,516,60023, 002, 00022,221, 10021,059,80021, 874, 900

Total.

$03, 218, 20059 238, 20056, 999, 20055, 657, 20050, 833, 90049, 905, 40049, 189,10049, 571), S0053, 300, 70049, 869, 70050, 107, 40053, 074, 70053, 347, 60053, 722,10053, 991, 70052, 349, 90070, 952, 80073, 306, 30073, 699, 80071, 876, 40072, 396, 60067, 105, 00065,441,70063, 461, 00066,512,70068, 909,10065, 400, 50066, 283, 70066, 542, 10065, 578, 90071, 709, 20072, 039, 80067, 982, 6006Q, 990, 40093, 237. 90096, 576, 60095,454, 90094, 992, 200

116,868,200116,644,500114,166, 400108, 368, 900106, 829, 500

Ratio of reserve to—

Circula-tion and

! deposits.

Per cent30. 528.827.828.027.026.720.526.825.724.424.725.823.323.423.523.025. 425.425.524.825 023.123.123.224.625.624.024.725.024.825.525.424.524.534. 535.234.834.636.035.834.933.533.0

Deposits.

Per cent.32.431.130.030.329.529.229.029.428.427.027.328.525.825.926.125.526.427. a27.126. 626.724.824.925. Q26.627.426. 326.626.826.527.026.825.925.936.336.936.536.337.137.036.034.534.1



UNITED STATES LEOAL-TENDER NOTES AND NATIONAL-BANK CIR-CULATION.

The acts of Febuary 25, 1862, July 11, 1862, and March 3, 1863, eachauthorize the issue of 150 millions of dollars of legal-tender notes, makingan aggregate of 450 millions of dollars.

On February 3, 1864, the amount of such notes outstanding was$449,479,222, which was the highest amount outstanding at any onetime. The act of June 30, 1864, provided that the total amount of UnitedStates notes issued, or to be issued, should not exceed 400 millions ofdollars, and such additional sum, not exceeding 50 millions, as mightbe temporarily required for the redemption of temporary loans.

By the act of June 20, 1874, the maximum amount was fixed at 382millions. Section 3, act of January 14, 1875, authorized an increase ofthe circulation of national banks in accordance with existing law, with-out respect to the limit previously existing, and required the Secretaryof the Treasury to retire legal tender notes, to an amount equal to 80per cent, of the national bank notes thereafter issued, until the amountof such legal-tender notes outstanding should be 300 millions and nomore. Under the operations of this act $35,31.8,984 of legal-tendernotes were retired, leaving the amount in circulation on May 31, 1878,the date of the repeal of the act, $346,681,016, which is the amount out-standing.

In the following table are given the amounts and kinds of the out-standing currency of the United States, and of the national banks onJanuary 1, of each year, from 1866 to 1885, and on November 1, 1885,to which is prefixed the amount on August 31, 1865, when the publicdebt reached its maximum.

Date.

Ang.31,1865Jan . 1, 1866 .J an . 1,1867 .Jan . 1,1868 .Jan . 1,1869 .Jan . 1, 1870 .Jan . 1,1871 .Jan . 1,1872 .Jan . 1,1873 .Jan. 1,1874 .Jan . 1, 1875Jan . 1,1876 .Jan . 1,1877 .Jan. 1, 1878 .Jan . 1.1879 .Jan . 1,1880 .Jan . 1, 1881 .J a n 1,1882 .Jan . 1, 1883 .Jan . 1,1884 .Jan . 1, 1885 .Nov. 1,1885

•

United States issues.

Legal-tendernotes.

$432,553,912425, 839, 319380,276,160356, 000, 000356,000,000356, 000, 00035H, 000, 000357, 500, 000358, 557, 907378,401,702382, 000, 000371,827,220366, 055, 084349, 943, 776346,681,016346,681,016346,681,016346.681,016346,681,016346, 68i,016346,681,016346,681,016

Old

notes.

$402. 905392, 670221,63-2159, 127128, 098113, 098101,08692,80184, 38779, 63772,31769, 64265, 46263, 53262, 0:<561,35060, 74559, 92059, 29558, 68058, 24057, 825

Fractional

$26, 344, 74226, 000, 42028,732,81231,597,58334,215,71539. 762, 66439, 995, 08940, 767, 87745, 722, 06148 544, 79246, 390, 59844,147,07226, 348, 20617, 764,10916, 108, 15915,674,30415, 523, 46415, 451, 86115, 398, 00815,365,36215, 347, 27715, 337, 096

Notesof national

banks, includ-ing goldnotes.

$176, 213, 955236, 636, 09829S, 588, 419299, 846, 206299, 747, 569299, 629, 322306, 307. 672328,465,431344,582,812350, 848, 236354, 128,250346,479,756321,595,606321, 672, 505323,791,674342, 387, 336344, 355, 203362,421,988361,882,791349, 949, 352329,158, 623

*315, 847,168

Aggregate.

$635,515,574688, 867, 907707, 819, 023687, 602, 916690,091,382695, 505, 084702, 403, 847726, 826, 109748, 947,167777, 874, 367782,591, 165762, 523, 690714,064,358689. 443. 92268(3, 642, 884704, 804, 006706, 620, 428724, 614, 785724,021,110712,054,410691,245,156677, 923,105

Currencyprice of

$100 gold.

$144 25144 50133 00133 25135 00120 00110 75109 50112 00110 25112 50112 75107 00102 87100 00100 00100 00100 00100 00100 00100 00100 00

Goldprice of

$100 cur-rency,.

$69 3269 2075 1875 0474 0783 3300 2991 3289 2890 70

• 88 8988 6993 4697 21

100 00100 00100 00100 00100 00100 00100 00100 00

* Includes .15384,269 notes of gold banks and $568,081 mutilated currency in transit.

The act of June 20. 1874, provided that any national banking asso-ciation might withdraw its circulating notes upon the deposit of lawfulmoney with the Treasurer of the United States, in sums of not less than$9,000. Under this act, and on account of liquidating and insolventbanks, and under the act of July 12, 1882, which provides for a depositof lawful money to retire the old circulation of national banks whosecorporate existence has been extended, $239,347,068 of lawful money


EEPORT OF THE COMPTROLLER OF THE CURRENCY. 59

has been deposited with the Treasurer. This includes $2,663,720 forthe redemption of the notes of national gold banks, and $1.4, L25,820 forthe redemption of national-bank notes under section G of the act of July12, 1882. Since June 20, 1874, $203,017,704 of bank notes have beenredeemed, destroyed, and retired. This includes $2,279,45L of thenotes of national g'old banks and $4,425,025 of the notes of nationalbanks whose corporate existence has been extended under the act ofJuly 12, 1882.

The following table shows by States the amount of additional circu-lation issued during the year ending October 31, 1885, and the totalamount of such circulation issued since June 20, 1874. It also showsthe amount of circulation retired during the year, and the total amountretired since June 20, 1874:

States and Territories.Additional jcirculation

Circulation retired.

issued. A c t j u n e 20, Liquidatingbanks.

MaineNew Hampshire .VermontMassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvania. [DelawareMaryland . , -District ot Columbia . . .Virgin ia —"West VirginiaNorth Caroli uaSouth Carolina .GeorgiaFloridaAlabamaMississippiLouisianaTexasArkansas .. .KentuckyTennesseeMissouriOhioIndianaIllinoisMichiganWisconsinIowa ,Minnesota .Kansas ....NebraskaNevadaOregon(ColoradoUtahIdahoMontana ....Wy 0111 ingNew Mexico1 )akota .• „..WashingtonArizonaCalifornia '' currency "

$304,750 !150 !

158,220026, 24057, 360

149, 0U01,687,810

398, 7601,107,950

49, 500150,500

45. 00019. 31045, 000

18, 90049, 50090, 00033, 740225,800 |191,880117,000126, 54022, 490

308, 2401, 598, 920

874, 650649,010374, 980123, 270177.75050, 850

291, S40173, 320

29.25083; 19045, 000

Surrendered to this office and retired

36, 00011,200

103,470101, 250

135,010

11,142,650

$69,10036, 6H0

218,5703, 928, 665

7(33,110386, 733

3,457,210718, 650

1, 664, 4904, 100

513, 75010, 790

.220, 07061. 830

116, 5003(i, 74591,720

71,5205, 360

188, 470200, 080is, no

561. 060163. 100333, 645

1, 662, 250494, 450763, 670385, 89017>, 4^0588,«801F9.41090,01059, 580

58,40

142,

18, 746,

$164, 49569, 170

329, 8461, 765. 957

31,611 |248,656 i

1,9(18.677 {196,442

1,074,609 !

6,740 !3, 628 '

75, 8535, 034

22, 525

7,449

23, 45215

4,3457, 5809,740

92, 482119,09357,371

1,107, 123771, 032414,714370, 638139, 994176, 026129, 626 |21,468 I42,823

,130 |

""" 43,"631' i1,064 |

3,280 |

15,242 j6,410 !

11,370 |22,250 :

9, 570, 591 |

Total.

$233, 5951<)5, 850548, 416

5, 694, 622794, 721635, 389

5, 425, 887915, 092

2, 739, 0994, 100

520, 49014, 418

295, 92369. 864

139, 02536, 74599,169

94, 9725, 375

192,815208,21a

24, 850653. 542282, 193391,016

2, 769, 2731, 265, 4821,178,384

765, 528315,454764, 706319, 036111.478102. 403

1304, 000

113, 62157, 36424, 82069, 0409, 250

22,21073, 81746, 82013, 870

105, 020

From .June 20, 1874, to October 31, 1884 jSurrendered to this office same dates j

I 18. 746,170,074,049 I 140,163,

9,570,591 !32, 857, 909 j

28, 317,184375, 630

28, 692, 814173, 021, 127

13, 878, 309

Grand total. 181,216,0*99 158,909,811 42,428,500 I 215,592,250

In the above table gold notes are excluded.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

fiO REPORT OF THE COMPTROLLER OF THE CURRENCY.

The amount of additional circulation issued to national banks forthe year ending November 1,1885, was $11,142,650, including $4,297,400issued to banks organized during the year.

During the year ending November 1,1885, lawful money to the amountof $2<>,219,810 was deposited with the Treasurer to retire circulation, ofwhich amount $8,457,295 was deposited by banks in liquidation, $7,772,-165 by banks reducing circulation, under the act of June 20, 1874, and$9,990,350 by banks retiring old circulation, under the act of July 12,1882.The amount previously deposited under the acts of June 20, 1874, andJuly 12, 1882, was $171,368,662; by banks in liquidation, $53,339,686;making a total of $250,928,158. Deducting from the total the amountof circulatingnotes redeemed and destroyed without reissue, $211,769,448,there remained in the hands of the Treasurer on November 1, 1884,$39,158,710 of lawful money for the redemption and retirement of bankcirculation.

The portion of lawful money on deposit by insolvent banks, by banksin voluntary liquidation, and by banks reducing or retiring their circu-lation on the first of each of the last live months was as follows:

.Insolvent bnnlisLiquidating banksReducing under act of June 20,1874Retiring under act of\Julyl2,1882

Totals

July 1.

$745, 78913, 569, 28619, 784, 2955, 003, 783

39,103,153

August 1.

$698, 58413, 796, 6G618, 099, 950

5, 889,173

39, 084, 373

September 1.

$715, 20313, 774,24218, 029, 1106, 685, 023

39, 203, 578

October 1.

$683, 34313, 565, 14317, 443, 820

8,181, 837

39, 874,143

Novembe* 1.

$584, 96012, 778, 01016, 095, 5459, 700,195

*39,158, 710

*Does not include $384,269 on deposit to retire notes of gold banks.

DENOMINATIONS OF PAPER CIRCULATION OF THE UNITED STATES, THHIMPERIAL BANK OF GERMANY, THE #ANK OF FRANCE, AND THE BANKOF ENGLAND.

In accordance with the law, no national-bank notes of a less denomina-tion than five dollars have been issued since January 1,1879, when theamount outstanding was $7,718,747. Since that date the amount of onesand twos issued by the thinks lias been reduced $7,283,033, leaving theamount outstanding1 on November 1, 1885, $435,714, and during thesame period the legal-tender notes of these denominations have beenincreased $5,645,960. The total decrease of the amount of ones andtwos outstanding in national-bank ami legal tender notes is $1,637,073.

The following table exhibits by denominations the amount of national-bank and legal-tender notes outstanding ou October 31,1885, and theaggregate amounts of both kinds of notes at the same periods in 1883and 1884:



Denominations.

TwosFivesTensTwentiesFiftiesOne hundredsFive hundredsOne thousandsFive thousandsTen thousandsAdd for unredeemed fragments of

national-bank notes ,Deduct for legal-tender notes de-

stroyed in Chicago fire

Total.

1885. 1884.

National -bank notes.

$435, 714237, 284

81, 956, 670104,211,29075, 087, 52020, 638, 55031, 576, 400

59S, 500131, 000

+21, 890

*314,894, 818

Legal-tender

$22, 703. 45923, 235,13684, 008, 27971, 003, 39056, 941, 26722, 896, 59529, 645, 39015,152, 00021, 910, 500

95, 00030, 000

- 1 , 000, 000

346, 681, 016

Aggregate .

$23,139,17323, 472, 420

166, 024, 949175,214,680137, 028, 787

43, 535,14561,221.79015, 7;.O, 50022, 041, 500

95, 00030, 000

+21.890

-1,000,000

661, 575, 834

Aggregate,

$27, 258, 83927, 067, 206

163, 363, 205180,491,886135,277,08944, 617, 04566,170, 69016, 063, 50019, 659, 500

105, 00060, 000

+20, 749

-1,000,000

679,154, 709

1883

Aggregate.

$30, 785, 26527, 510,196

164, 517, 620189, 275, 406142, 382, 46046, 278, 14565,991,59015, 895, 50015, 429, 500

255, 000

120, 000

+ 19,761

— 1, 000, 000

697, 460, 452

* Exclusive of $568,081 due to banks for mutilated notes destroyed and to be replaced by new notesand of $384,269 notes of gold banks.

The amount of one and two dollar national-bank notes outstandingis a little more than one-fifth of 1 per cent, of the whole circulation ofthe banks ; the fives constitute 26 per cent., the tens 33 per cent., thetwenties 23.8 per cent., and the fifties and larger notes about 17 percent, of the entire circulation.

Of the entire amount of national-bank and legal-tender notes out-standing, about 7 per cent, consists of one and two dollar notes; nearly32.2 per cent, of ones, twos, and fives, 58.6 per cent, is in notes of a lessdenomination than $20, and about 78.6 per cent, is in notes of a lowerdenomination than $50. Of the entire issue, about 21.5 per cent, is indenominations of fifties, one hundreds, five hundreds, and one thousands.

There are outstanding nineteen legal-tender notes, of the denomina-tion of $5,000, and three notes of the denomination of $10,000.

The following table* exhibits by denominations the circulation of theImperial Bank of Germany on December 31,1884, in thalers and marks,which have been converted into our currency.

Thalers. Marks.

dumber ofnotes.

762, 0001, 643£8,3028, 675*

20,697

Denomina-tions.

Thalers.500100

502510

Value ofeach note in

dollars.

$375 0075 0037 5018 757 50

Amount indollars (tha-

ler = 75cents).

$28, 500150, 00061, 631

155, 66265, 066

460 859

Number ofnotes.

206, 959£128, 771

5, 209, 448

Denomina-tions.

Value ofeach note in

dollars.

Amount indollars (mark

=25 cents).

Marks:1,000

500100

$25012525

5, 605,1

$66, 739, 87516, 096, 375

130,236,20«

213, 072,450

The circulation of the Imperial Bank of Germany on January 1,1885, was $213,534,250, showing an iucrease of $5,751,656 over that of

f LoDdon Bankers' Magazine, October, 1885, page 946.



the preceding year, although there was on an average $1,085,000 lessin circulation than the average of the previous year. On January 1,1880, the circulation was $198,201,144, and during the past five yearsthe increase has averaged about $10,000,000.

The following table* gives the circulation of the Bank of France andits branches, with the number of notes and the denominations in francsand in dollars on January 1,1885 :

Number of notes.

51,186, 638

589, 7812,619

12, 446, 4994, 931, 340

20, 859150, 046167,163

1,200

19, 496,150

Denominations(francs).

5,0001,000

5002001005025205

Forms out of date.

Value of each notein dollars.

$1, 000200100402010541

Amount in francs.

25, 0001,186, 638, 000

294,890 500523, 800

1, 244, 649, 900246, 567, 000

521, 4753, 000, 925

835, 815420,175

2, 978, 072, 590

Amount in dollars(francs = 20 cents).

$5, 000237, 327, 600

58, 978,100104,760

248, 929, 98049,313,400

104, 295600,185167,16384, 035

595, 614, 518

The amount of circulation of the Bank of France on January 1, 1884,was 3,161,804,536 francs, or say $632,360,907, showing a decrease of183,731,946 francs, or $36,746,389, between that time and January 1,1885, the date of the foregoing table; and since January 30, 1879, anincrease of 687,101,760 francs, or $137,420,352.

It will be seen that the Imperial Bank of Germany has in circula-tion no notes of a less denomination than seven dollars and a half (10thalers), and issues none of less than $25 (100 marks), and that the Bankof France issues less than a million of dollars in value of notes of aless denomination than $10. The Bank of England issues no notes ofless than £5, or $25, and the Irish and Scotch banks none of less than£1, or $5.

DISTRIBUTION OF COIN AND PAPER CURRENCY.

In previous reports tables have been given showing the amount ofcoin and currency in the country and its distribution, the amount inthe Treasury, in the banks, and among the people on January 1, 1879,the date of the resumption of specie payments, and on November 1 ofeach of the last four years preceding the date of this report. Thesetables are again presented, the amounts on November 1, 1881, beingomitted, while those on November 1, 1885, are added. The amounts ofgold and silver in the country available for circulation are based uponthe estimates of the Director of the Mint for January 1, 1879. Theamounts of gold for the succeeding dates have been obtained by addingthe gold production of the country, less the amounts used in the arts,from estimates of the same officer, adding the excess of gold importa-tions during the year, or deducting the excess of gold exportations forthe same period, according to the reports of the Bureau of Statistics.The amounts of silver are obtained by adding for each year the amountof silver dollars and fractional silver coined, less amounts recoined.For the year 1885 the silver bullion purchased by the Government forcoinage and on baud on November 1 is included.

* London Bankers' Magazine, August, 1885, page 699


REPORT OF THE COMPTROLLER OP THE CURRENCY. 63

For the year ending November 1,1885, the production of gold by themines of the United States is estimated to have been about $30,800,000During the period from November 1, 1884, to October 1, 1885, theamount of foreign and domestic gold coin and bullion imported in ex-cess of the amount exported has been $12,315,915, making an increasein the stock of gold in the country of §43,115,915. From this amountmust be deducted the amount estimated by the Director of the Mint tohave been used in the arts during the same period, $12,000,000, leaving$31,115,915 as the increase in the stock of gold coin and bullion in thecountry.

The total excess of imports of gold over exports of the same from thedate of resumption to October 1, 1885, has been $178,028,043, and thetotal estimated gold product of the mines of the United States for thesame period has been about $222,525,000. The total amount of standardsilver dollars coined during the year ending November 1,1885, has been$28,528,002; of subsidiary silver coin, $195,977; and there was of sub-sidiary coin presented to the mint for recoinage $041,727, therebyreducing the amount of such coin $445,750. The total amount ofstandard silver dollars coined since the passage of the act of February28, 1878, authorizing that coinage, up to November 1, 1885, has been$213/259,431. The following table, based upon the estimates and fig-ures given above, shows the amount of coin and currency in the countryon January 1, 1879, and on November 1 of the years named:

Gold coin and bullionSilver coinLegal-tender notes ...National-bank notes.

Totals

January1,1879."

$278,310,126106, 573, 80:i346,681,010323, 791, 674

1,055,356,619

November1, 1882.

$547, 356, 262208, 744, 424346,681,016362, 727, 747

1, 465, 509, 449

November1,1883.

$581, 970, 254242,701,932346,681,016352, 013, 787

1, 523, 366, 989

November1,1884.

$585,611,872275, 735, 439346, 681,016333, 559, 813

1, 541, 588,140

November1,18S5.

*$586, 727, 787307, 658, 827346,681,0161315,847,168

1, 556, 914, 798

*In obtaining the amount of gold November 1, 1885, the estimated amount on November 1, 1884,has been reduced by $30,000,000, which amount the Director of the Mint has recently estimated wasused in the arts between July 1, 1873, and June 30, 1880, and was not deducted in the original estimatefor July 1, 1879.

tThe sum of $39,542,979 in lawful money has been deposited by the national banlts to retire cir-culation of a like amount which has not yet been presented for redemption.

Ttoere has been no change in the aggregate of legal-tender notes, whichstill remains as fixed by the act of May 31, 1878. National banknotes have decreased $17,712,645 during the year. The amounts of goldand silver have increased $31,115,915 and $31,923,388, respectively,and the total increase during the year in gold, silver, and currency was$45,326,658. The reduction of former estimates of gold by $30,000,000,as explained in foot-note, has apparently reduced the aggregate increaseof gold to $1,115,915, and the aggregate increase or both gold and silverto $33,039,303. The table below gives the portion of the gold, silver, andcurrency held by the United States Treasury and by the national and•State banks. The amounts in the United States Treasury are for thecorresponding dates with those in the preceding table. The amountsin the national banks are for the corresponding dates nearest theretoon which returns were made to the Comptroller, viz: January 1,1879, Oc-tober 3,1882, October 2, 1883, September 30, 1884, and October 1,1885.The amounts in the State banks, trust companies, and savings banks



have been compiled in this office from official reports up to the datesnearest to those given in the table.

January 1, | November 1, November 1,1 D 7 O ! 1QOO ! 1UUO1879. 1882.

In the Treasury, l«ss certifi-cates

In national banks, includingcerticates

In State banks, including cer-tificates

Total goldSILVER.

In the Treasury, standard sil-ver dollars j

In the Treasury, bullionIn the Treasury, fractional coinIn national banks

$112, 703, 342 $148, 435, 473

35,039,201 j 94,127,324

10,937,812 ! 17,892,500

158,680,355 ! 260,455,297

1883.November 1,

1884.November 1,

1885.

$157, 353, 760

97, 570, 057

18, 255, 300

273,179,117 I 277, 784, 954

$134, 670, 790

117,185, 407

25, 928, 757

$142, 838, 589

161,657,121

31, 255, 789

335,251, 499

Total silverCURRENCY.

n the Treasury, less certifi-cates

In national banks, includingcertificates

In State banks, including cer-tificates

In savings banks

Total currency ..

Grand totals

17,249,740 j9,121,4176, 048,1946, 460, 557

92,414,9774, 012, 503

26, 749, 4828, 234, 739

116, 036, 450 | 142, 926, 725 | 163, 817, 842

38, 879, 908 131, 411, 701

44,425,655 j

126,491,720 |

26, 224, 248

92, 544, 767

25,944,485 ! 27,086,48214,513,779 I 14,724,978

211,375,639 j 160,580,475

408,935,902 j 552,447,473

16,036,4504, 936, 36526, 712, 42410, 247, 926

4,96,725 I4, 646, 49729, 346, 7578, 092, 557

3, 817, 8423, 840, 536

22, 965,5369,120,802

157, 933,165 j 185, 012, 536 j 199, 744, 216

30, 996, 217

103, 316, 809

28, 259, 06212,998,594

175,570,682 j 187,504,997

26, 258, 827

114,507,113

32,659,605 !14,079,452 j

606, 682, 964 I 650, 302, 487

27, 550, 841

111, 600, 884

39, 552, 01713, 423, 064

192,126, 306

727,122, 021

If the aggregates of gold, silver, and currency for the several datesin the above table be deducted from the amounts of the same items atcorresponding dates in the table which precedes it, the remainders willbe approximately the amounts in the hands of the people at correspond-ing dates.

Gf»ldSilverCurrency

Total

January 1,1879.

$119, 629, 77167, 693, 895

459, 097, 051

Novemberl , j November l .1881. 1882.

$256, 016, 82978, 377, 937

567, 445, 959

646,420,717 901,840,725

$286, 900, 96577, 332, 723

548, 828, 288

913, 061, 976

November 1,1883.

$308, 791,13784, 768, 767

523,124,121

916, 684, 025

Novemberl , November I,1884. 1885.

$307, 826, 91890, 722, 903

492, 735, 832

891, 285, 653

$251, 476, 288107, 914, 611470,401,878

*829, 792,777

* Included necessarily in these several amounts estimated in the hands of the people are large sumsheld by private bankers and such State banks and Tmst companies as do not make regular reports-

The gold in the Treasury, including bullion in the process of coinage,has increased during the year $7,667,799, and in the banks has increased$44,471,713. The paper currency in the Treasury has increased $1,291,514,and in the banks has decreased $2,906,229. The decrease of gold out-side of the Treasury and the banks has been $26,350,629, and in silvercoin there has been an increase of $14,240,831. The decrease of papercurrency, exclusive of silver certificates, has been $22,334,589. In theforegoing tables the silver certificates issued by the Treasury have notbeen included, but the standard silver dollars held for their redemption,form a portion of the silver coin in the Treasury. The silver certificatevS



in the hands of the people and the banks at the following dates were asfollows:January 1,1879 $413,360November 1, 1880 19,780,240November 1, 1881 58,838,770November 1,1882 65,620,450November 1,1883 85,334,381November 1,1884 100,741,562November 1,1885 93,146,772

It will be seen that the amount of these certificates in circulation hasdecreased $7,594,790 during the year.

The gold certificates issued under section 12 of the act of July 12,1882, outstanding in the hands of the people and banks on November1, 1882, November 1, 1883, November 1, 1884, and November 1, 1885,not including the amount in the Treasury, were $6,962,280, $48,869,940,$85,301,190, and $106,465,420, respectively.

SPECIE IN BANKS AND IN THE TREASURY OF THE UNITED STATES,AND ESTIMATED AMOUNT IN THE COUNTRY—SPECIE IN THE BANKOF ENGLAND AND IN THE BANK OF FRANCE.

The following table exhibits the amount of specie held by the na-tional banks at the dates of their reports for the last twelve years, thecoin and coin certificates held by the New York Gity banks being statedseparately:

Dates.

Sept. 12,1873..Dec. 26, J873..Feb. 27,1874..May 1,1874..June 26,1874..Oct. 2,1874..Dec. 31,1874..Mar. 1,1875..May 1,1875..June 30,1875..Oct. 1,1875..Dec. 17,1875..Mar. 10,1876..May 12,1876..June 30,1876..Oct. 2,1876..Dec. 22,1876..Jan. 20,1877..Apr. 14,1877..June 22,1877..Oct. 1,1877.Dec. 28,1877.Mar. 15,1878.May 1,1878.,June 29,1878.Oct. 1,1878.Dec. 6,1878.Jan. 1,1879.Apr. 4, 1879.June 14,1879.Oct. 2,1879.Dec. 12,1879.Feb. 21,1880.Apr. 23, 1880.June 11,1880.

Held by national banks in New York City.

Coin.

$1, 063, 210 551, 376,170 501, 167,820 091. 530, 282 101, 842, 525 001, 291, 780 561, 443, 215 421, 084, 555 54

930, 105 761, 023, 015 86

753, 904 90869, 436 72

3, 261,131 36832, 313 70

1, 214, 522 921,120, 814 341,434,701 831, 669, 284 941, 930, 725 591, 423, 258 171, 538, 486 471, 955, 746 202, 428, 797 442, 688, 092 061, 905, 705 221,779,792 434, 009, 299 015,421,552 495, 312, 966 906, 058, 472 347, 218, 967 69

20, 096, 249 6412, 252, 541 4412,595,720 4916, 682, 226 40

U. S. goldcertificates.

Clearing-housecertificates.

$13, 522, 60018, 325, 76023, 518, 64023, 454, 66013, 671, 66013,114, 48014, 410, 94010, 622, 1605, 753, 220

12, 642,1804, 201, 72012, £32, 81019, 086, 92015,183, 76016, 872, 78013, 446, 76021, 602, 90033, 629, 66013, 889,18010, 324, 32011, 409, 92019, L19, 08035, 003, 22025, 397, 64011, 954, 50011, 514, 81012, 277,18012, 739, 54412, 220, 94012, 291, 27012,130, 900

8, 366,1407, 464, 6506, 914, 2507, 810, 200

Total.

Held byother national

banks.

!$21, 569, 000 00| 35,855,000 00

25, 458, 000 00I 33, 337 000 00

$14, 585, 81019, 701, 93024, 686, 46024, 984, 94215, 514,18514, 406, 26615, 854, 15511,706,7156, 683, 325

13, 665,1954, 955, 62413, 402, 24622, 348, 05116, 016. 07318, 087, 30214, 576, 57423, 037, 60135, 298, 94415, 829, 90511, 747, 578

i 12,948,406'21, 074, 82637, 432, 01728, 085, 73213, 860, 20513, 294, 60216, 286, 47918,161, 09217, 533, 90618, 349, 74219, 349, 86750,031,38955, 572,19144, 967, 97057, 829, 426

$5, 282, 658 907, 205,107 088, 679, 403 497, 585, 027 166, 812, 022 276, 834, 678 676, 582, 605 624, 960, 390 633, 937, 035 885, 294, 386 443, 091, 704 833, 668, 659 186, 729, 294 495, 698, 520 667, 131,167 006, 785, 079 699, 962, 046 06

14, 410, 322 6 L11, 240,132 199, 588, 417 899,710,413 8411, 832, 924 5017, 290, 040 5817, 938, 024 0015, 391, 264 5517, 394, 004 1618, 068, 771 3523, 338, 664 83123, 614, 656 51|23, 983, 545 10122, 823, 873 5428, 081, d51 9533,869,860 3141, 461, 761 6241, 677, 078 86

Aggregate,

$19, 868, 469 4526, 907, 037 5833,365,863 5832, 569, 969 2622, 326, 207 2721, 240, 945 2322, 436, 761 0416, 667,106 1710,620,361 6418, 959, 582 308, 050, 329 73

17, 070, 905 9029, 077, 345 8521,714,594 3625, 218, 469 9221,361,654 0332, 999, 647 8940, 709, 267 5527, 070, 037 7821, 335, 996 06

j 22. 658, 820 31' 32; 907, 750 7054, 722, 058 0246, 023, 756 0629,251,469 77 '30, 688, 606 5934,352,250 3641, 499, 757 3241,148, 563 4142, 333, 287 4442,173, 731 2379,013,041 5989,442,051 7586, 429, 732 2199, 506, 505 26

5745 CUK-



Dates.

Oct.Dec.Mar.MayJuneOct.Dec.Mar.MayJulyOct.Dec.Mar.MayJuneOct.Dec.Mar.Apr.JuneSept.Dec.Mar.MayJulyOct.

1,1880.31, 1880.11,1881.6,1881.

30.1881.1, 1881.

31,1881.11.1882.19.1882.1,1882.3, 1882

10,1882.13, 1883.1,1883

22,1883.2,1883.

31, 1883.7,1884.

24,1884.20,1884.30,1884.20,1884.10,1885.6,1885.1,1885.1,1885.

Held by national banks in New York City.' ! Held by

other nationalCoin.

$16,104,855*2819,773,859 0115, 924, 683 9026, 242,108 6020, 822, 790 8715,317,168 0416,352,630 4917, 093, 447 3915, 541, 956 9314, 278, 290 7714,391,783 7410,811,726 6910, 060, 551 05

9, 891, 636 158,219,744 229, 388, 073 82

10,793,481 17'12, 948, 092 34

8. 929, 064 277, 466, 696 827, 296,178 39

11, 314, 080 5711, 802, 276 4811, 479, 763 8714,417,675 2511, 290, 427 74

U. S. gold !Clearing-housecertificates, certificates.

$7, 489, 7006, 709, 9004, 825, 3004, 625, 9004,513,4004, 486, 6004, 037, 6004, 075, 8004, 034, 3004, 005,1003, 908,100

17, 720,10010,813,32016,094,21026, 477, 76020, 541,10020,525,27021, 582, 06020, 093, 38020, 397, 59040,765,14044,193, 870 !61,114,080 i67,646,060 i65,400,390 j62,249,740 j

j$36,189,28,246,30, 809,34,176,41, 858,31,721,33, 852,29, 907,31,783,32, 854,26, 224,22, 020,21,818,21, 334,22,139,20, 345,21, 693,25, 912,20, 527,15, 690,15, 052,17,331,17, 579,17, 374,16,709,17, 914,

000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00

ooo oo000 00000 00000 00000 00000 00000 00000 00000 00

Total.

$59, 783, 555 3854, 729, 759 0151,558,983 9065, 044, 008 6067,194,190 8751, 524, 768 0454, 242, 230 4951, 076, 247 3951, 359, 256 9351,137, 390 7744, 523, 883 7450, 551, 826 6942,691,871 0547, 319, 846 1556, 836, 504 2250, 274,173 82

i 53,011,751 171 60, 442,152 34I 49, 549, 444 2743, 534, 286 8263,113,318 3972, 838, 950 5790, 495, 356 4896, 500, 023 8796, 52V, 065 25

; 91, 454,167 74

banks.

$49,562,954 1152, 443,141 9153, 597, 211 3657, 584, 553 48J61, 444, 736 63162, 809, 968 0859,438,409 11158, 907, 863 65!61, 056, 549 80;60,556,871 7758, 333, 894 5355,875,332 71'55, 270, 495 29'56, 287, 420 1758, 517, 890 40|57.543,809 7161, 274, 406 87:62, 637, 974 9965,195, 262 82,66,127, 395 29165, 496,156 34'66, 908,128 96176,620,517 19180, 933, 095 43181, 085, 426 7783, 418, 409 80

Aggregate.

$109,346,509 49107,172, 900 92105.156,195 26122. 628, 562 08128, 638, 927 50114,334,736 12113,680,639 60109, 984, 111 04112,415,806 73111, 694, 262 54102, 857, 778 271106, 427,159 4097, 962, 366 34103, 607, 266 32115, 354, 394 62107, 817, 983 53114, 276,158 04123, 080,127 33114,744,707 09109,661,682 11128, 609,474 73139, 747, 079 53167,115, 873 67177, 433,119 30177,612,492 02174, 872, 577 54

The amount of silver coin and silver certificates held by the nationalbanks on the dates given in the following table, were as follows:

Date.

October 1,1877October 1,1878October 2,1879October 1,1880October 1,1881Octobers, 1882October 2,1883September 30,1884.October 1,1885

Silver coin.

$3, 700, 7035, 392, 6284, 986, 4935, 330, 3575, 450, 3876, 466, 2157, 594, 8968, 092. 557*9,120, 802

SilverTreasury

certificates.

$1,165,1201, 662, 1801, 807, 6002, 653, 0303,331,5102, 274, 650

Total.

$6, 495, 4777,112, 5678, 273, 815

10, 247, 92611, 424, 06711, 395, 452

k This is composed of $6,322,832 standard dollars and $2,797,969.66 fractional silver.

The latest official reports of the State banks in New England, NewYork, New Jersey, Pennsylvania, Maryland, Virginia, South Carolina,Georgia, Louisiana, Texas, Ohio, Indiana, Michigan, Wisconsin, Iowa,Minnesota, Missouri, Colorado, and the Territory of Montana show thatthese banks held specie amounting to $20,132,864, of which the banksin New York City held $12,819,217.

The official returns from the State banks of California do not giveseparately the amount of coin held bj them; but it is estimated that thetotal cash reported, amounting to $11,122,925, consisted almost entirelyof coin. The amount of coin held by State banks in the States beforementioned, including California, was, therefore, $31,255,789.

The Director of the Mint, in his report for 1882, estimated the amountof coin in the country on June 30, 1882, at $700,455,545, of which$500,862,185 was gold and $199,573,360 was silver.



His estimate for the fiscal year ending June 30, 1885, is as follows:

United States coin. Gold. Silver. Totals.

Corrected circulation July 1, 1884 $521, 632, 442 $250, 617, 357 $772, 249, 799Tear's coinage j 24, 861,123Net imports .

Totals.

1, 006, 281

547, 499, 846

28,848,959 j535,449

53, 710, 0821, 541, 730

280,001,765 827,501,611

Less deposits for recoinage.Used in the arts

325, 2105, 000, 000

877, 564300, 000

Total loss . 5,325,210 | 1,177, 564

Circulation July 1, 1885 j • 542,174, 636 278, 824, 201

Net gain during the year | 20, 542,.194 28, 206, 844

1, 202, 7745, 300, 000

6, 502, 774

820, 998, 837

48, 749, C

From July 1,1885, to November 1,1885, there has been coined $8,753,147of gold and $9,377,159 of silver, making the total stock of coin in thecountry at the latter date $839,129,143, less such amounts as may havebeen deposited for recoinage during this period, of which $550,927,783was gold and $288,201,360 was silver. The amount of bullion in mintand in the New York assay office on October 1, 1885, is stated to havebeen $71,471,323 of gold and $4,568,057 of silver, making in all$76,039,380, which, added to the amount of coin stated above, gives$915,168,523, of which amount $622,399,106 was gold and $292,709,417was silver.

The following table shows the amount of gold and silver, includingthe amount held to protect gold and silver certificates, and the per-centage of each in the Treasury of the United States on September30 of each year from 1876 to 1885, and on November 1, 1885:

Period.

Sept. 30,1876..Sept. 30, 1877..Sept. 30,1878.Sept. 30, 1879.Sept. 30,1880.Sept. 30,1881.Sept. 30.1882.Sept. 30, 1883.Sept. 30,1884.Sept. 30,1885.Nov. 1,1885.

Standarddollars.

$12,155, 20531, 806, 77447, 784, 74466, 092, 66792, 228, 649

114,587,372142, 058, 787165, 483, 721163, 817, 342

Silver.

Other coinand bullion.

$6, 029, 3677, 425, 454

15, 777, 93721,173,02330, 878, 28628, 945, 29730, 769, 70531, 858, 07234, 408, 56627, 558, 01626, 806, 072

Total silver.

$6, 029, 3677, 425, 454

27, 933, 14252, 979, 79778, 663, 03096, 037, 964

122, 998, 354146, 445, 444176, 467, 353193, 041, 737190, 623, 414

Gold coinand bullion.

$55, 423, 059107, 039, 529136, 036, 302169, 827, 571135, 641, 450174,361,343152,739,106206,130,543217, 904, 043251,251,114251, 359, 349

Total coinand bullion.

$61, 452, 426114,464,983163,969,414222, 807, 368214,304,480269, 399, 307275, 737, 460352, 575, 987394, 371, 396444, 292, 851441, 982, 763

Per cent of—

Silver.

9.86.5

17.023.836.735.344.641.544.743.543.4

Gold.

90.293.583.076.263.364.755.458.555.356.556.6



The bullion in the Bank of England for each year from 1870 to 1885is shown in the following table, the pound sterling being estimated atfive dollars:1870 $103,900,0001871 117,950,0001872 112,900,0001873.. 113,500,0001874 111,450,0001875 119,600,0001876 143,500,0001877 126,850,000

1878 $119,200,0001879* 150,942,98018801 141,637,00018811 115,221,87018821 108,689,91218831 121,779,5451884 t 99,161,0451885|| 107,830,670

Below is a similar table, giving the amount of gold and silver, andthe percentage of each, in the Bank of France, on December 31 of eachyear§ from 1870 to 1882, on November 1,1883, on October 30,1884, andon October 16,1885:

Years. Silver coinand bullion.

Gold coinand bullion. Total.

Per cent, of—

Silver. Gold,

December 31,1870December 31,1871December 31,1872December 31,1873December 31,1874December 31,1875December 31,1876December 31,1877December 31,1878December 31,1879December 31,1880December 31,1881December 31,1882November 1,1883.October 30,1884 . .October 16,1885 . .

$13, 700, 00016, 240, 00026, 520, 00031, 260, 00062, 640, 000101, 000, 000127, 720, 000173, 080, 000211, 620, 000245, 520, 000244, 360, 000231,180,000216, 553, 000203, 085, 000205, 837, 862211, 500, 000

$85, 740, 000110, 680, 000131, 740, 000122, 260, 000204, 220, 000234, 860, 000306, 080, 000235, 420, 000196, 720, 000148, 320, 000110, 480, 000129,160, 000190, 981, 300192,112, 000210, 927, 912211, 005, 000

$99,440, 000126, 920, 000158, 260, 000153, 520, 000266,860, 000335, 860, 000433, 800, 000408, 500, 000408, 340, 000393, 840, 000354, 840, 000360, 340, 000407, 594, 000395, 597, 000416, 765, 774422, 505, 000

13.812.816.820.423.530.129.442.451.862.368.964.253.151.349.450.1

86.287.283.279.676.569.970.657.648.237.731.135.846.948.750.649.9

NUMBER, CAPITAL, AND DEPOSITS OF STATE AND SAVINGS BANKSAND PRIVATE BANKERS.

Section 333 of the Kevised Statutes of the United States requires theComptroller to present annually to Congress a statement of the condi-tion of the banks and savings banks organized under State laws. Be-turns of capital and deposits have hitherto been made by these institu-tions, and by private bankers, semi-annually to this Department forpurposes of taxation. From these returns the following table has beencompiled, exhibiting in concise form, by geographical divisions, thetotal average capital and deposits of all the State and savings banksand private bankers of the country for the six months ending Novem-ber 30, 1882, being the last semi-annual period for which State and

* London Economist, November 8, 1879.t London Bankers7 Magazine, October, 1880, 1881, and 1882.t London Economist, November 1, 1884.II London Economist, October 17, 1885.§ The Bulletin de Statistique, as quoted in the Bankers' Magazine, New York, vol.

xiii, page 740; except the items for 1879-'8O and '81, which were obtained from theLondon Bankers' Magazine for August, 1880, page 661, September, 1881, page 716,and September. 1882, page 739, and the last three items from L'Sconomiste Francais,November 3, 1883, and November I, 1884.



savings banks and private bankers were required to make returns fortaxation purposes.

Geographical divis-ions.

New England States..Middle StatesSouthern StatesWestern States and

Territories

United States..

State banks and trustcompanies.

No.

40210248

563

1,061

Capital.

Mill's.8.30

40.6025.34

48.90

123.14

Depos-its.

MilVs.31.64

244.0245.94

168. 40

490. 00

Private bankers.

No.

94967289

2,062

3, 412

Capital.

Mill's.6.22

62.426.33

30.31

105. 28

Depos-its.

MilVs.6.57

112. 6920.68

149. 02

288. 96

Savings banks withcapital.

No .

287

25

42

Capital.

Mill's.0.100.630.56

2.73

4.02

Depos-its.

Mill's.0.895.341.50

35.74

Savingsbanks with-out capital.

No.

420171

2

32

43.47 625

Depos-its.

MilVs.436. 25486. 98

1.80

35.23

960. 26

The capital of the 2,308 national banks in operation on December 30,1882, being the date of their report nearest to that of the table givenabove, as will be seen by a table in the Appendix, was $484,883,492,not including surplus, which fund at that date amounted to morethan $135,000,000, while the average capital of all the State banks,private bankers, and savings banks for the six months ending Novem-ber 30, 1882, was but $232,435,330. The latter amount is less than two-fifths of the combined capital and surplus of the national banks atpractically the same time. The table below exhibits the capital andnet deposits of the national*banks on December 30, 1882, together withthe aggregate average capital and deposits of all classes of banks otherthan national for the six months ending November 30, 1882 :


New England StatesMiddle StatesSouthern States.Western States and

Territories

State banks, savingsbanks, private bank-ers, &c.

National banks.

No.

1,356546 !

Capital. I Deposits.! No. j Capital.

Millions. '• Millions.14.62 !

103.66 |32.23

475. 35849. 0369.90

81.93 i 388.42

560 I691 I214 :

843i

I Millions.166. 23173.19

34. 80

110. 66

Total.

Deposits.! No.

Millions.193.15 1,116556. 5568.84

2,047760

301. 28 |3, 525

Capital.

Millions.180. 85276. 8567.03

Deposits.

Millions.668. 50

1, 405. 58138. 74

192. 59 | 689. 70

United Sta tes . . . 5,140 ; 232. 44 j 1, 782. 70 2, 308 | 484. ?8 j 1,119. 82 17, 448 717. 32 2, 902. 52

The total number of banks and bankers in the country at the datenamed was 7,448, with a total banking capital of $717,318,822, and totaldeposits of $2,902,522,245.

In the Appendix will be found similar tables for various periods from1875 to 1882. On a subsequent page in this report, under the head of" State banks, savings banks, and trust companies/7 will be found tablesshowing the resources and liabilities of these corporations for the presentyear, and in the Appendix similar results for previous years.

A table arranged by States and principal cities, giving the number,capital, and deposits, and the tax thereon, of all banking institutionsother than national, and of the private bankers of the country, for thesix months ending November 30, 1882, and for previous years, will alsobe found in the Appendix.

The following table exhibits, for corresponding dates nearest to May31, in each of the last seven years, and to November 30,1882, the aggre-


70 REPORT OF THE COMPTROLLER OF THE CURRENCY,

gate amounts of the capital and deposits of each of the classes of banksgiven in the foregoing table:

Tears.

1876...1877...1878...1879...1880...1881...1882...1882*..

Nai

No.

2,0912,0782,0562,0482,0762,1152,2392,308

bional banks.

Capi-tal.

Mills.500.4481.0470.4455.3455.9460.2477.2484.9

Depos-its.

Mills.713. 5768.2677.2713.4900.8

1, 039. 91,131. 71,119. 8

State banks,bankers,

No.

3,8033,7093,7993,6393,7984,0164,4034,473

Capi-tal.

Mills.214.0218.6202.2197.0190.1206.5231.0228.4

private

Depos-its.

Mitt's.480.0470.5413.3397.0501.5627.5747.6779.0

Savings bankswith capital.

No.

2626232929363842

Capi-tal.

Mills.5.04.93.24.24.04.23.94.0

Depos-its.

Mills.37.238.226.236.134.637.641.343.5


No.

691676668644629629622625

Depos-its.

Mills.844.6843.2803.3747.1783.0862.3929.8960. 2

No.

6,6116,5796,4506,3606. 5326,7967,3027,448

Total

Capi-tal.

Mills.719.4704. 5675.8656. 5650.0670.9712.1717.3

Depos-its.

Mills.2, 075. 32,120.11, 920. 01, 893. 52, 219. 92, 667. 32, 850.42, 902. 5

* In the last table of the series the returns are given for the six months ending May 31,1882, and alsofor the six months ending November 30, of the same year.

It will noticed that the first two tables of this chapter are for thesix months ending November 30, while all similar tables in previousreports have been for the six months ending May 31. The law repeal-ing the tax on capital and deposits of State banks and private bankerswent into effect on November 30, 1882, in accordance with the opinionof the Attorney-General, and for this reason the Comptroller has giventhe returns to that date, which was the lait data to be obtained fromthis source.

AMOUNT OF UNITED STATES BONDS HELD BY BANKS ORGANIZED

UNDER STATE LAWS.

Through the courtesy of State officers the Comptroller has obtainedofficial reports made to them under State laws by State banks in twenty-six States, by trust companies in five States, and by savings banks infifteen States, at different dates during the years 1884 and 1885, andfrom these returns the following table has been compiled:Held by 975 State banks in twenty-six States $2,994, 806Held by 40 trust companies in five States 25, 376, 400Held by 646 savings banks in fifteen States 191,980, 698

Total 220,351,904

The interest bearing funded debt of the United States on November1, including $64,623,512 Pacific sixes, and excluding $14,000,000 Navypension fund, was $1,260,778,162. The total amount of bonds held bythe national banks, $308,364,550, and by the State savings banks andtrust companies, $220,351,904, is about 42 per cent, of the interest-bear-ing debt. The amount of United States bonds held by State banks,trust companies, and savings banks, is given by geographical divisionsfor the years 1881, 1882, 1883, 1884, and 1885, as follows:

Geographical divisions.

Eastern States •Middle StatesSouthern States . . . . . . . .Western StatesPacific States

Total

1881.

$40, 468, 340176, 373, 889

1, 073, 4605, 735, 518

14, 874, 332

238, 525, 539

1882.

$42, 667, 248197,135, 239

268, 3503, 369, 414

20, 020, 175

263, 460, 426

1883.

$37, 399, 819182, 847, 588

646, 5003,105, 024

17, 743, 978

241, 742, 909

1884.

$30, 806, 938188, 640, 523

96, 7502, 390, 780

(*)

221, 934, 991

1885.

$30,121, 432186, 642, 288

136, 9713, 451, 213

(*)

220, 351, 904

*The United States bonds held in the Pacific States during the last two years are not included inthe above table, as the returns since 1883 do not give United States bonds separately from other bondsheld.Digitized for FRASER


REPORT OF THE COMPTROLLER.OF THE CURRENCY. 71

In previous reports the Comptroller has given the amount of UnitedStates bonds held by banks organized under State laws and by privatebankers as returned to the Commissioner of Internal Eevenue for pur-poses of taxation. A table was compiled, for purposes of comparison,from these returns for the six months ending November 30, 1882, andmay be found in the report of this office for the year 1884, page 32.

STATE BANKS, TRUST COMPANIES, AND SAVINGS BANKS.

The act of Congress of February 19, 3̂ 873, section 333 of the UnitedStates Revised Statutes, requires the Comptroller to obtain from au-thentic sources, and report to Congress, statements exhibiting under ap-propriate heads the resources and liabilities of such banks and savingsbanks as are organized under the laws of the several States and Terri-tories. In compliance with this act he has presented annually in theappendices to his reports the resources and liabilities of these corpora-tions, so far as it has been possible to obtain them. Through the cour-tesy of State officers, returns of State banks, savings banks, arid trustand loan companies have, during the past year, been received fromtwenty-five States. Many of the States and Territories, including WestVirginia, North Carolina, Alabama, Arkansas, Tennessee, Illinois, Or-egon, and Dakota, do not require periodical returns of the condition ofthe different classes of banks organized under their laws.

From these returns the following abstract has been compiled, show-ing the resources and liabilities of State banks and trust companies forthe last five years, the number reporting in 1881 being 683; in 1882,704;in 1883, 788; in 1884, 852; and in 1885, 1,015:

RESOURCES.

Loans and discountsOverdraftsUnited States bondsOther stocks, bonds, &c ,Due from banksReal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c...

LIABILITIES.

Capital stockCirculationSurplus fundUndivided profitsDividends unpaidDepositsDue to banksOther liabilities

1881.

683 banks.

$352, 725, 9861, 407, 695

27, 680, 02542, 330, 95754, 662, 82921,396,77211,941,7411, 136, 427

16, 900, 76217, 925, 62827, 391, 317

575, 500,139

112,111,325274, 941

27. 857, 97612, 237, 320

576,413373, 032, 63219,105, 60430, 303, 868

1882.

704 banks.

$404,574, 4201, 373,116

25, 673, 98445, 658, 78357, 973, 71819, 915, 68213, 685, 2051,193, 345

18, 546, 07317, 902, 76027, 322, 912

633,819,998

113, 361, 931286, 391

31, 504, 35214, 758. 438

577,419426, 677, 09218, 409, 35128, 245, 024

1883.

788 banks.

$462, 380, 5851, 493, 636

22, 725, 59652, 405, 72468, 270, 66420,160, 54714,190, 0441,131,586

35, 206, 86218, 255, 30028, 259, 069

724, 479, 613

125, 233, 036187, 978

34, 575, 46118,076,610

465, 011500, 374, 21720,918,93624, 648, 364

1884.

852 banks.

$489, 067, 5191, 630, 474

25, 708, 78959, 331, 87765,354,14621,211,18210,513,8131,235,079

28,308.21625, 928, 75732, 659, 605

76), 949, 457

133, 958, 951177. 554

41, 675' 48622, 337, 901

499, 017514,111,59127, 886, 99620, 301, 901

1885.

1,015 banks.

$489, 423,1691, 485, 917

28, 371. 20662, 395| 05982, 521, 39024, 632, 60314, 814, 7651, 432 935

26, 067, 59431,255,78939, 552, 017

801,952,444

151,686,84098,129

41,365,55920, 082, 736

513,177532, 725, 28930, 148, 34625, 332, 368

Totals j 575,500,139 633,819,998} 724,479,613) 760, 949, 457 801, 952, 444

The foregoing table was prepared from all the New EngUmd Statesexcept Maine, from four Middle States, not including Delaware, andfrom all the Western States, excepting Illinois and Nebraska. The onlySouthern States from which reports have been received were Virginia,



South Carolina, Georgia, Florida, Louisiana, Kentucky, and Missouri.The only Pacific States were California and Colorado. There are noState banks in Maine, but 1 in New Hampshire, 7 in Vermont, and nonein Massachusetts. There are, however, 6 trust and loan companies inthe latter State, 1 in Ehode Island, and 6 in Connecticut. <

SAVINGS BANKS.

The following table exhibits the aggregate resources and liabilities ofthe 629 savings banks in 1881* and 1882, 630 in 1883, 636 in 1884, and646 in 1885 :

RESOURCES.

Loans on real estateLoans on personal and collateral

security 95,United States bonds 210,State, municipal, and other bends

and-stocks 159,Railroad bonds and stocks 27,Bank stock ' 38,Real estate | 41,Other assets ! 37,Expenses jDue from banks I 40,Cash 13,

1881.

629 banks.

1882. 1883.

629 banks. 630 banks.I

$307, 096,158 $307, 089, 227

817, 641845, 514

819, 942069, 048249,203987, 674408,163135, 572603, 641758,106

128, 483, 698237, 786, 442

206, 291. 27432, 994; 57835, 365, 71739, 882, 42911, 047, 346

132, 20438, 977,13514, 932, 015

Totals 967,790,662 1,052,982,065

LIABILITIES.

DepositsSurplus fundUndivided profitsOther liabilities ..

Totals. .

891, 961,14260, 289, 90510, 325, 8005,213,815

966, 797, 08169, 454, 51211,136, 2195, 594, 253

967, 790, 662 Jl, 052, 982, 065

$328,197, 858

155, 874, 522219, 017, 313

190, 629, 91541,695,70136, 587, 81737,224,60153, 235, 771

144, 22343,184, 62912, 998, 594

1,118,790,944

1, 024, 856, 78772, 784,15515, 738, 223

5, 411, 779

1, 118, 790, 944

1884.

636 banks.

$358, 636, 040

141, 457, 111196, 226, 202

222,218,00650, 994, 57937, 929, 75434,467,27669,366,584

156, 94452, 358, 97114, 079, 452

1885.

646 banks.

$389, 953, 928

133, 716, 902191, 980, 698

228, 993, 25059, 585, 48938. 460, 60332,174,81068, 445, 304

166, 63646,125, 01413, 423, 064

1,177, 740, 919 II, 203v 025, 698

1, 073, 294, 95582, 395, 71716, 904, 7535,145, 494

1, 095,172,14788, 647, 31513,106, 359

6, 099, 877

1,177, 740, 919 |1, 203, 025, 698

The foregoing table includes the returns from six NeV EnglandStates; from four Middle States, not including Delaware; from theStates of Ohio, Indiana, Minnesota, California, and the District ofColumbia.

The aggregate of loans in the New England States is $297,220,022 andof deposits $492,373,407. In the Middle States the aggregate of loansis $172,779,215 and of deposits $525,151,161. Some of the largestsavings banks in the city of Philadelphia organized under old chartersare not required to make reports to any State officer. Eeturns directlyreceived from four of these banks, having deposits amounting to$35,362,660, are included in the returns from the State of Pennsylvania.The savings-banks deposits, given in the foregoing table for 1885, basedupon reports made to the State authorities, are $1,095,172,147, and thedeposits of the State banks and trust companies are $532,725,289.These returns do not include bank deposits. The deposits of thenational banks on October 1, 1885, exclusive of those due to banks,were $1,102,354,658.

No just comparison of the deposits of national banks with those ofsavings banks, State banks and trust companies can be made, owing tothe fact that the reports of many of the latter classes of banks weremade to the State authorities at various dates in 1884 and 1885.



The total population of New England, according to the census of 1880,was 4,010,529, and the number of open deposit accounts of the savingsbanks in the year 1885 is 1,460,185, which is equal to about 36.4 ac-counts to each one hundred of the entire population. The averageamount of each account is $337.21, or an average of $122.77 per capita.The deposits of the savings banks in the State of New York were$437,107,501, and the population was 5,082,871, showing an average ofabout $86 per capita.

Tables showing the aggregate resources and liabilities of State banks,trust companies, and savings banks in each State from which returnshave been received from the State authorities appear in the Appendix.A table is also there given showing by States the number of savingsbanks, depositors, and the average amount due to each in 1884 and 1885.Since November 30, 1882, the Comptroller has been entirely dependentfor this information upon returns from the officers of the different States,and where the law requires such returns to be made, they are as arule promptly and courteously forwarded to this office at his request.

PRIVATE BANKERS.

The first official information relating to the private bankers of thecountry published by this office was contained in a table in the Comp-troller's report for 1880, and the last information obtained in reference tothem was for the semi-annual period ending November 30,1882. A tablewill be found in the Appendix giving information for this and previousyears.

APPENDIX.

Tables will be found in the Appendix exhibiting the reserve of thenational banks, as shown by their reports, from October 1, 1878, toOctober 1, 1885; the reserve by States and principal cities for Octo-ber 1, 1885, and in the States and Territories, in New York City, andin other reserve cities, separately, at three dates in each year from 1881to 1885.

Special attention is called to the synopsis of judicial decisions con-tained in the Appendix, to the numerous and carefully prepared tablesin both Report and Appendix, and to the index of subjects and list oftables to be found on page 247. At the end of the full volume, of nearly1,200 pages, is an alphabetical list of the cities and villages in whichthe national banks are situated.

The Comptroller, in concluding this report, desires to gratefully ac-knowledge the industry and efficiency of the officers and clerks asso-ciated with him in the discharge of official duties, many of whom, inaddition to attending to their regular duties, have been compelledôwing to the growth of the national banking system and the extensionof the corporate existence of national associations, to perform a largeamount of extra work, without regard to oMce hours.

HENEY W. CANNON,Comptroller of the Currency.

To THE HONORABLETHE SPEAKER OF THE HOUSE OF EEPRESENTATIVES.


APPENDIX.

NAMES and COMPENSATION of OFFICERS and CLERKS in the OFFICE of theCOMPTROLLER OF THE CURRENCY, October 31, 1885.

Name. Grade.

Henry W. Cannon

John S. Langworthy

William B. Greene .Frank A. Miller ....Edward S. Peck .

Comptroller

Deputy Comptroller .

Chief of divisiondodo .

Alonzo B. Dickerson I do .

David L. PerkinsWatson W. Eldridge .Theodore 0. Ebaugh..

SuperintendentTellerBookkeeperAssistant bookkeeper .

Charles E. Brayton Fourth-class clerk.James C. Brown do .Fernando C. Cate do .George T. May do .Edmund E. Schreiner do .William Sinclair do .Charles J. Stoddard do .George H. Wood I doEdward A. Demaray StenographerCharles H. Cherry Third-class clerkJohn A. Hebrew j doWashington K. McCoy ! doIsaac C. Miller '. I doWilliam D. Swan"' | doWalter TaylorCharles McC. TaylorEdwin D. TracyWilliam H. WaltonFrederick Widdo ws

William E. ColladayJ. Edward De SaulesJulia R. DonohoCharles B. HinckleyH. Le Hoy LivingstonMary L. McCormickMorris M. OgdenArthur M. Wheeler

.do .

.do .

.do .

.do .

.do .

.do .

Second-class clerk

Eveline C. Bates .»Harriet M. BlackSarah F. FitzgeraldEliza K. H.v deGeorge H. KoehlerJoseph K. MillerCarrie L. Pennock ,Margaretta L. Simpson

Eliza M. BarkerEliza M. PetersLafayette J. Garner

Thomas H. AustinEttie J. BroughlerMargaret L. Browne

.do .

.do .

.do .

.do .

.do .

.do .

.do .

First-class clerk .dodo .

.do ..do .do .

.do .

.do .

Clerk .do ...

Engineer .

Clerk...do .

.do .* Additional as bond clerk, $200.

Salary.

$5, 000 00

2, 800 00

2, 200 002, 200 002, 200 002, 200 00

2, 000 002, 000 002, 000 002, (J00 00

1,800 001, 800 001, 800 001, 800 001,800 001, 800 001,800 001,800 00

1,600 00I, 600 001, 600 001, 600 001, 600 001, 600 001,600 001, 600 001,600 001,600 001,600 001, 600 00

1,400 001,400 001, 400 001, 400 001,400 001,400 001,400 001,400 00

1,200 001,200 001,200 001,200 001, 200 001, 200 001,200 001,200 00

1,000 001, 000 001,000 00

900 00900 00900 00

75


76 EEPORT OF THE COMPTKOLLER OF THE CURRENCY.

NAMES and COMPENSATION of OFFICERS and CLERKS, #c—Continued.

Name.

Louisa CampbellVirginia H. ClarkeSarah G. ClemensMary L. Conrad ...Julia De QuindreMargaret F. DewarAnnabella H. FinlayMargaret E. Gooding ..William H. HealdRebecca C. Hulburd - - -Alice M. KennedyLucretia W. Knowlton.Emma LafayetteEdward S. MayMaggie B. MillerMargaret F. OgdenMary E. OliverAnnie E. RanneyEmily H. ReedMarie RichardsonHannah SandersonEliza Saunders ..Fayette C. SneadMatilda StoffregenAmelia P. Stoekdale ...Sarah A. W. TiffeyTherese E. TilleyJulia C. TownsendAnna M. Whiteside....Ephraim S. Wilcox

Abram TV. Dyson.PhiloL.BushWilliam Griffiths .Silas Holmes

Langs ton W. Allen .Thomas Jackson ...John A. McDonald .

Mary D. TarrisseLambert A. Whiteley.

Grade.

Clerk ..do .do.

.do .

.do .

.do .

.do .

.do .

.do .

.do .

.do .

.do .

.do .

.do .

.do .do .

.do .

.do .

.do.

.do.

.do .

.do .

.do.

.do.

.do .

.do .

.do .

.do .

.do.do .

.do .

MessengerAssistant messenger,

do ..do.

Watchman .do .

Fireman .Laborer..

do ...do .

Salary.

$900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00

840 00720 00720 00720 00

720 00720 00720 00

660 00660 00660 00

Expenses of the office of the Comptroller of the Currency for the fiscal year ending June 30,1885.

For special dies, plates, printing, &c $123,618 91For salaries : , 101,674 47For salaries reimbursable by national banks 16,756 43

Total expenses of the office of the Comptroller of the Currency from its organiza-tion to June 30, 1885, $6,066,227.37.

The contingent expenses of the office are not paid by the Comptroller, but from thegeneral appropriation for contingent expenses of the Treasury Department; and asseparate accounts are not kept for the different Bureaus, the amount cannot be stated.



SYNOPSIS of DECISIONS of the SUPREME and CIRCUIT COURTS of the UNITEDSTATES and of STATE CO URTS of LAST RESORT, upon Q UESTIONS ARISINGUNDER THE NATIONAL BANK ACT and upon COGNATE POINTS of INTER-EST to BANKS and to PARTIES HA VING DEALINGS with them*

ABATEMENT.I. An action brought by a creditor of a national bank is abated by a decree of

a district or circuit court dissolving the corporation and forfeiting its fran-chises. (First National Bank of Selma vs. Colby, 21 Wallace, p. 609.

II. Suit by the receiver of the New Orleans National Banking Association (formerlya State organization called the Bank of New Orleans) against a shareholderto enforce his personal liability. Plea in abatement that " at the date ofthe appointment of said receiver there was not, nor has there since been,nor is there now, any such corporation as said New Orleans National Bank-ing Association, because said Bank of New Orleans had no power by itscharter, nor authority otherwise from the State of Louisiana, to change itsorganization to that of a national association under the laws of the UnitedStates.'7

On general demurrer this plea was held bad, because no authority fromthe State was necessary to enable the bank to make such change. The op-tion to do so was given by the forty-fourth section of the banking act ofCongress, 13 Statutes, 112. " The power there conferred was ample, auditsvalidity cannot be doubted." (Casey, Receiver, $c, vs. Galli, 4 Otto, p. 673.)

This plea was also held bad upon the additional ground that " where ashareholder of a corporation is called upon to respond to a liability as such,and where a party has contracted with a corporation, and is sued on hiscontract, neither is permitted to deny the existence and legal validity ofsuch corporation." (Ibid.)

" To hold otherwise," says Mr. Justice Swayne (p. 680), " would be con-trary to the plainest principles of reason and good faith, and involve amockery of justice. Parties must take the consequences of the positionsthey assume. They are estopped to deny the reality of the state ofthings which they have made to appear to exist, and upon which othershave been led to rely. Sound ethics require that the apparent, in its effectsand consequences, should be as if it were real, and the law properly so re-gards it."

ACCOMMODATION ACCEPTANCES, INDORSEMENTS, AND NOTES.I. Where bills, indorsed by a national bank for accommodation only, had been

negotiated by the bank through its usual channels of communication withits correspondents as its own bills, and the proceeds thereof have beenplaced to the credit of the bank, which thereupon gave the same credit tothe parties for whom it had thus indorsed, and received no benefit there-from : Held, that although an accommodation indorsement by a nationalbank, in such cases, was void in the hands of holders against whom noticeof the character of the indorsement could be concluded, yet that tbe bankwas liable for the same to holders, for value without notice. (Blair vs. FirstNational Bank of Mansfield, Ohio. United States Circuit Court for Ohio, atCleveland, November term, 1875, Emmons, J. Reported in Bankers' Magazinefor March, 1878, pp. 721-5.)

II. It is no defense in a suit against the acceptor of a draft which has been dis-counted, and upon which money has been advanced by plaintiff, that thedraft was accepted for the accommodation of the drawer. (Davis vs. Ran-dall, 115 Mass., p. 547.)

III. A national bank discounted a note made by the defendant for the benefit ofthe payee, and which the payee agreed to take care of at maturity: Held,that the bank could recover the note although it had, when it took thenote, full notice of the circumstances under which it was given. (T/iatchervs. West River National Bank, 19 Mich., p. 196.)

(See, also, Title "EVIDENCE.")IV. That the accommodation acceptance, indorsement, bill, or note of a corpora-

tion is ultra vires. (See Bank of Genesee vs. Patchin Bank, 13 N. F., p. 309,and 19 N. Y., p. 312 ; Bank of Auburn vs. Putnam, jr., 1 Abb. App. Decisions,

* Many of the decisions cited in this synopsis will be found in " Thompson's NationalBank Cases," vols. 1 and 2; but in most instances reference is made to the originalreport, thus indicating the tribunal by which the point was decided.


78 REPORT* OF THE COMPTROLLER OF THE CURRENCY.

ACCOMMODATION ACCEPTANCES, INDORSEMENTS, AND NOTES—Continued.

p. 80; Monfords vs. Farmers $r Mechanics' Bank, 26 Bard., p. 568 j Farmers $-Mechanics7 Bank vs. Troy City Bank, 1 Doug. [Mich.], p. 45.)

[NOTE.—In the Uuited States Circuit Court, Western District, Virginia,Judge Bond has recently decided the cases of Seligman fy Co. vs. The Char-lottesville National Bank, and Johnston Brothers fy Co. against the same bank.The ftest was an action of covenant upon a letter of credit for £5,000, issuedunder the seal of the bank, pursuant to a resolution of the board of direct-ors, guaranteeing the drafts of Flannagan & Son to the amount of saidletter. The latter wasassumpsit upon five bills of exchange for $5,000 each,dated April 16, 1875, each drawn by said Charlottesville Bank upon theCitizens' National Bank of Baltimore, payable to the order of Flannagan& Son, acceptance waived, maturing upon days "fixed" within five daysof each other, the first, November 20, and the last, December 10 of sameyear. Said bills were not drawn against funds due or to become due fromthe said Citizens' to said Charlottesville Bank, but were a mere loan of thecredit of the latter bank (it being without funds) to the said Flannagan& Son, and drawn to be used by the latter, as they were used, as collat-teral security in part for a loan of $25,000, made by said Johnston Brothersfy Co. to said Flannagan & Son. Said plaintiffs took said bills as suchcollateral security, and with full notice of all the facts aforesaid. Held, 1st.That said letter of credit and said bills of exchange were only the accom-modation paper of said Charlottesville National Bank, and, as such, voidin the hands of the plaintiffs, holding with full notice of their character*.2d. That the incidental powers conferred upon national banks are not suchas are conferred upon banks generally, but only such as are necessary tocarry on the specific banking business prescribed by the national-bankact. Hence, though such banks may borrow money for certain purposes,they have no power to loan their credit to customers. These cases werereported in the Bankers' Magazine for December, 1879.]

ACTIONS.

I. A national bank may be sued in the proper State court. (Bank of Bethel vs.Pahquioque Bank, 14 Wall., pp. 383, 395.)

II. Such banks may sue in Federal courts. The word " b y " was omitted insection 57 of act of 1864 by mistake. (Kennedy vs. Gibson, 8 Wall,,pp. 506-7.)

III. Receivers may also sue in United States courts. (Ibid.)IV. When the full personal liability of shareholders is to be enforced, the action

must be at law. (Kennedy vs. Gibson, 8 Wall.,p. 505; see, also, Casey, tfc,vs. Galli, supra.)

V. But if contribution only is sought, the proceedings may be in equity, joiningall the shareholders within the jurisdiction of the court. (Ibid., pp. 505-6.)(See, also, Title "SHAREHOLDERS, INDIVIDUAL LIABILITIES OF," VI, post.)

VI. But in Bailey, Receiver, <fc, vs. First National Bank of Duluth, U. S. CircuitCourt for Minnesota, Nelson, J. : Held, that even where less than the parvalue was assessed the suit mighthe at law ; and this would seem to be thetrue theory.

(See Bankers' Magazine, April, 1877, p. 793.)[NOTK.—In Stanton, Receiver, fyc, vs. fVilkeson, 8 Ben., 357, the point was

distinctly made before Judge Blatchford. The suit was brought to enforcean assessment of sixty per centum, and defendant insisted that plaintiffshould have proceeded by bill in equity ; but the court held that the actionat law was the proper remedy, at the option of the receiver.]

VII. A national bank located iu one State may bring action in the circuit courtof the United States sitting within another State against a citizen thereof.(Manufacturers' National Bank vs. Baack, 8 Blatch.,p. 147.)

VIII. In such action it will be presumed, so far as the question of jurisdiction isconcerned, that the stockholders of such bank are citizens of the State wherethe bank is located. (Ibid.) But in case of Commercial Bank of Clevelandvs. Simmons, decided in the United States Circuit Court Northern Districtof Ohio, it was held that a national bank does not sue in the Federal courtby virtue of any right conferred by the judiciary act of 1789, but by virtueof the right conferred by its charter, the national bank act, and this wouldseem to be the true doctrine. (See Thomp. National Bank Cases, p. 295. AlsoFirst National Bank of Omaha vs. County of Douglas, 3 Dillon, p. 298, decidedby Mr. Justice Miller, of the United States Supreme Court.)

IX. Natioual banks can be sued only in the courts designated in the nationalbank act. Therefore a State court of New York has no jurisdiction of anaction against a national bank located in Alabama. (Cadlevs. Tracy, 11Blatch.,p. 101.) To the contrary of this, see Cooke vs. State National Bankt52 N. Y.,p. 96.Digitized for FRASER



ACTIONS—Continued.X. Actions in their nature local, in the technical legal meaning of that word,

may be brought against a national bank in the State court of the propercounty. (Casey vs. Adams, 102 U. S., p. 66.)

(See, also, Title "JURISDICTION," post.)XI. An action brought against a national bank in a State court was, upon its pe-

tition, removed to the Federal court, and a motion was made to remand itin the United States circuit court for the southern district of New York.Judge Wallace denied the motion on the ground that the right of a nationalbank, as a corporation created by Congress, to remove a suit brought againstit in a State court, is clearly conferred by section 2 of the removal act of1875. It has been determined that any suit brought by a corporationcreated by Congress was one arising under the laws of the United States.(Cruikshank vs. Fourth National Bank, June 19, 1883.;

XII. In a suit brought in the United States circuit court against the stockholdersof the Pacific National Bank upon their personal liability, motion wasmade to dismiss suit for want of jurisdiction, based principally upon thealleged effect of the act of July 12, 1882, placing national banks on thesame footing with other banks. The motion was denied.

XIII. The act of July 12, 1882, placed national and other banks on the same foot-ing as to their right to sue in the Federal courts, and, consequently, anational bank cannot, merely in virtue of a corporate right, sue in suchcourts. But national banks, like other banks and citizens, may sue in suchcourts whenever the subject-matter of litigation involves some matter ofFederal jurisdiction. (Union National Bank vs. Miller, C. C. S. D. Ohio, W.D., March 26, 1883. Fed. Rep., vol. xv, 1703.)

XIV. Under section 1001 of the Revised Statutes no bond for the prosecution ofthe suit, or to answer in damages and costs, is required on writs of erroror appeals issuing from or brought to this court by direction of the Comp-troller of the Currency in suits by or against insolvent national banks, orthe receivers thereof. (Pacific National Bank vs. Geo. Mixter, U. S. SupremeCourt, October Term, 1884.)

ATTACHMENTS OF ASSETS.I. When a creditor attaches the property of an insolvent national bank, he can-

not hold such property against the claim of a receiver appointed after theattachment suit was commenced. Such creditor must share pro rata withall others. (Bank of Stlma vs. Colby, 21 Wall., p. 609; see, also, Harvey vs.Allen, 16 Blatchf., p. 29.)

(See, also, Title "JURISDICTION," II, post.)II. Section 5242 Revised Statutes United States prohibits the issuing of an attach-

ment against a national bank by any State, county, or municipal courtbefore final judgment. (Central National Bank vs. Richland National Bank,52 Howard [N F.], P- 136.)

III. In Bobinson vs. National Bank of New Berne, 58 Bow., p. 306, the court ofappeals decides that a State court can issue attachment process against asolvent national bank, located in another State, upon which its funds withinthe jurisdiction of such court can be seized and subjected to the satisfactionof any claim established by the judgment of such tribunal. But in thesupreme court of New York, in Rhoner vs. First National Bank of Allen town,14 Hun., p. 126, the contrary doctrine is held, in accordance with the rulingin Central National Bank vs. Richland National Bank, 52 How., p. 136, hereto-fore cited."

[NOTE.—It is submitted that the latter is the correct rule. The currencyact favors the policy, on the part of country bauks, of keeping a largeportion of their reserve in certain cities. But if such banks are advisedthat such reserve funds are there subject, at any moment, to be seized byprocess of a State court, at the instance or caprice of any resident who maythink himself a creditor, such deposits will be made with more or less hesi-tation, or not at all.]

ATTORNEYS.I. Section 56 of the currency act is directory only, and it cannot be objected by

defense that a suit is brought by a private attorney instead of the UnitedStates district attorney. (Kennedy vs. Gibson, 8 Wall., p. 504.)

BY-LAWS.I. A national bank cannot by its by-laws create a lien on the shares of a stock-

holder who is a debtor of the association. (Bullard\s. National Bank, tfc,18 Wall., p. 589.)



BY-LAWS—Continued.

(See, also, case of Bank vs. Lanier, 11 Wall., p. 369, cited under "LOANSON SHARES," post.)

[NOTE.—In Young vs. Vough, 23 N. J. Equity R., p. 325, it was held thata national bank could by its by-laws prohibit the transfer of shares by ashareholder while indebted to the bank, and that transfers in violation ofsuch by-laws were void. As it is held by the Supreme Court of the UnitedStates that such by-laws can create no lien for indebtedness, it would seemthat a regulation prohibiting such transfers can be of little practical use,even if the power exists. ]

CHECKS.

The holder of a check on a national bank cannot sue the bank for refusingpayment, in the absence of proof that it was accepted by the bank. (Na-tional Bank of the Republic vs. Millard, 10 Wall., p. 452.)

II. The relation of banker and customer is that of debtor and creditor. Receiv-ing deposits is an important part of the business of banking, but the mo-ment they are received they become the moneys of the bank, may be loanedas a part of its general fund, and the check of the depositor gives no lienupon them. (Ibid., p. 155.)

III. Perhaps, on proof that check had been charged to the drawer, and that thebank had settled with him on that basis, the holder or payee could recoveron account for " money had and received.7' (Ibid., pp. 155-6.)

IV. The facts that the bank was a United States depository and the check wasdrawn by a United States officer to a United States creditor do not varythe rule. (Ibid., pp. 155-6.)

V. Where a bank pays a check drawn on it in favor of a party whose indorse-ment thereon is forged, and the same has passed through several hands,only reasonable diligence is required to be exercised in giving notice toprior holders of the forgery, after its discovery, in order to hold them liable.(Shrwder vs. Harvey, 75 III., p. 638.)

VI. A clerk of plaintiffs received from their debtors, checks, payable to their(plaintiffs') order, in payment of sums due. The clerk, wrongfully andwithout authority, indorsed the names of the plaintiffs on these checksand transferred them to other persons, appropriating the proceeds to hisown use. Subsequently these checks were deposited with a bank, whichin good faith collected them and paid over the proceeds to the depositors.In a suit by plaintiffs against the bank to recover the amount so collectedby it: Held, that the bank was liable. (Johnson vs. First National Bank,13 N. Y. Sup. Court.)

VII. Bankers are presumed to know the signatures of their customers, and pay-checks purporting to be drawn by them at their peril. ( Weisser vs. Denni-son, 10 N. Y.,p. 68; National Bank of the Commonwealth vs. Grocers' Na-tional Bank, 35 Howard [_N. Y. P. R.,'] p. 412.) This last case holds that ifthe bank, the drawee, pays the forged check to the holder, it cannot re-cover back the money so paid. The same doctrine was held in case of FirstNational Bank of Quincy vs. Bicker, 71 III., p. 439 ; but qualified by holdingthat it applied only where the presumed negligence was all on the side ofthe bank, and where the holder or payee had been guilty of no fraud or actto throw the bank off its guard.

VIII. CERTIFYING.—National banks have the power to certify checks; and thispower may be exercised by the cashier without any special authorization.The directors can limit this power, but such limitation will be no defenseas to parties having no notice. (Merchants' .National Bank vs. State NationalBank, 10 Wall., p. 604.)

IX. A certificate of a bank that a check is good is equivalent to an acceptanceimplying that the bank has the funds to pay it, and that they are set apartfor that purpose. (Ibid., p. 604.)

X. A national bank is liable on a check certified by its cashier to the holder ingood faith, although the drawer has no funds- in the bank when it wascertified. (Cooke vs. State National Bank, 52 N. Y., p. 96.)

XI. The act of Cougress of March 3,1869, making it unlawful for a national bankto certify checks unless the drawer has at the time funds on deposit TO anamount equal to the amount specified in the check, does not invalidate aconditional acceptance of a check by such bank, having no funds of thedrawer in its hands at the time, but engaging to pay the same when adraft left with it for collection by the drawer shall have been paid. (FirstNational Bank vs. Merchants' National Bank, 7 West Va., p. 544.)



C HECKS—Continued.XII. A bank is liable to pay a subsequent bona fide purchaser the amount of a

check which it has certified, notwithstanding the check was fraudulentlyraised, if before certification, from a smaller amount. (Louisiana NationalBank vs. Citizens' Bank, 28 La. Annual, p. 189.)

XIII. When a bank was chargeable with negligence in certifying a check, Whichwas so drawn as to admit of a fraudulent alteration of the amount beingeasily made, and the check ivas raised: Held, that the bank was liable to abona fide holder, for value, for the increased amount. (Helwege vs. HiberniaNational Bank, 28 La. Annual, p. 520.)

[NOTE.—As the above case unquestionably declares the true rule of law,prudence would seem to dictate that cashiers should always insist uponsuch filling up of checks as to render alteration impracticable, before cer-tifying.]

XIV. A certified check is not deemed dishonored by delay between its date and thetime when it is sold to a bona fide purchaser, for value, so that the lattertakes it as overdue, and subject to equities; because, by certifying, thebank becomes the principal debtor, and liable indefinitely, like an acceptorof a bill of exchange. Hence, one who in good faith, and after makingreasonable inquiry, bought a certified check, three or four months after itsdate, which had been stolen, was held entitled to recover its amount. (No-lan vs. The Bank of New York, 67 Barb.,p. 24.)

XV. A check contained on its face this recital: "To hold as collateral for 1,000P. T. oil, pipage paid to Jan. 4, 1876"; across.its face the cashier wrote,"Good when properly indorsed": Held, that the check was not drawn inthe usual course of banking business, and therefore the certificate of thecashier did not bind the bank. (Dorsey vs. Abrams et al.y bankers, 85 Pa.,p. 299. See, further, as to liability on checks, certified or otherwise, Dodgevs. National Exchange Bank, 30 O., p. 1; Security Bank vs. National Bank ofthe Republic, 67 N. Y, p. 458; Andrews vs. German National Bank, 9 Heisk.\_Tenn.}, p. 211.)

BANK CHECK.XVI. (1.) An order drawn at Kansas City, Mo., on a bank in New York City, to pay

money to H. C. or order on demand, without days of grace, is a bank check.(2.) EQUITABLE ASSIGNMENT OF PART OF DRAWER'S FUND ON DEPOSIT.—

Where the depositor of a fund in a bank draws his check for a part of thatfund, which is presented in due time, this is an appropriation, and anequitable assignment of so much of the fund as is called tor by the check,although no action at law could be maintained upon it.

(3.) EQUITABLE ASSIGNMENT FOR BENEFIT OF CREDITORS.—Where adebtor, having a large fund in bank, drew his checks in favor of certaincreditors, and thereafter, before said checks were presented, made a generalassignment of all his property for the benefit of his creditors, under a Stateinsolvent law: Held, that the check-holders who presented their checksand demanded payment, while the fund remained in the hands of the bank,were entitled to payment as against the assignee. The checks amounted toan appropriation of so much of the fund in which they were drawn, and tothat extent it did not pass to the assignee.

(4.) PRESENTATION OF CLAIM TO ASSIGNEE—ELECTION OF REMEDY.—Thepresentation by the check-holders of their claims to the assignee, and hisallowance of them, and their receipt of dividends under the assignment,was not the election by them of a remedy which prevents a recovery in thiscase. (First National Bank of Cincinnati et al. vs. Kersey Coates et al. UnitedStates circuit court, western district of Missouri, May term, 1881. In equity.)

XVII. B, a banker, in payment of moneys collected by him for C, gave his check onthe D bank for a sum less than the amount to his credit in that bank. Be-fore the check was presented for payment B made an assignment for cred-itors, of which the bank had notice. Held, that the check operated as anequitable assignment to C of the deposit to the amount named in the check,and that C was entitled to such amount in preference to the assignee forcreditors. (German Savings Institution vs. Adae, United States Circuit Court,Eastern District of Missouri, March, 1880.)

CIRCULATION.The circulating notes of a national bank are valid without theljmprint of the

seal of the United States Treasury. ( U. S. vs. Bennett'll%Blatchf., 357.)CITIZENSHIP.

I. National banks are citizens of the State in which they are organized and.located, and when sued by national banks of other States have a right to



CITIZENSHIP—Continued.

demand a removal of the suit from a State to the proper Federal court.{Chatham National Bank vs. Merchants1 National Bank, 4 Thompson <f CookyN. Y. Sup. C, p. 196, and 1 Hunter IN. F.], p. 702; Davis vs. Cook, 9 Nevada,p. 134.)

(See also Title "ACTIONS" V and VI, supra.)II. A national bank, being a citizen of the State in which it is located, may be

required to give security for costs when suing in another State; and inthe State of New York such security may be required, because the bank isregarded as a corporation created by a foreign State. (National Park Bankvs. Gunst, 1 Abbott's New Cases, p. 292.)

COLLECTIONS.I. A bank receiving paper for collection undertakes to use due diligence in

making demand at maturity, and giving the proper notices of non-payment.An unreasonable delay will charge the bank with liability for the amount;and proof that the paper would not have been paid, if presented, will con-stitute no defense. (Bank of Washington vs. Triplett, 1 Peters, p. 25; Bankof New Hanover vs. Kenner, 76 N. C.,p. 340; Steelevs. Russell,5 Nebr.,p. 211;Capital State Bank vs. Lane, 52 Miss., p. 677; Fabens vs. Mercantile Bank, 23Pick. [Mass.], p. 320.)

II. And if the bank receiving paper for collection, upon a sufficient considera-tion, transmits it to another bank to be collected, the receiving bank willbe liable for the misconduct of such other bank, unless there is some agree-ment to the contrary. (Montgomery County Bank vs. Albany City Lank, 7N. Y., p. 459; Commercial Bank vs. Union Bank, 11 N. Y., p. 203; Kent vs.Daivson, 13 Blatchf., p. 237; First National Bank vs. First National Bank ofDenver. 4 Dill, p. 290.)

III. A bank received a check upon itself for collection, being at the same timea large creditor of the drawer, and failed, without excuse, to notify thedepositor of the non-payment of the check: Held, that the bank was charge-able for the negligence. (Bank of New Hanover vs. Kenner. supra.)

IV. A bank holding a check for collection, and accepting the certification of thebank upon which it is drawn, in lieu of payment, assumes the risk andthereby becomes liable to the owner for the amount, with interest fromdate of certification. (Essex County National Bank vs. Bank of Montreal, 7Bissell, p. 193.)

V. The Corn Exchange National Bank of Chicago sent defendant, the Dawson Bank,at Wilmington, N. C, a draft drawn upon one- Wistvall, living at Washington,N. C, for collection. Defendant by letter acknowledged the receipt of thedraft, stating that it had been credited to the Corn Exchange Bank andentered for collection. Thereupon defendant sent draft to Burbank fy Gal-lagher, bankers at Washington, N. C, for collection. The latter house col-lected the draft, but failed and passed into bankruptcy before remitting.In a suit brought by the assignee of the Corn Exchange National Bankagainst the Dawson Bank to recover the proceeds of the draft: Held, perWallace, J., that the latter bank was liable for the amount. (Kent, assignee,fyc, vs. The Dawson Bank, 13 Blatchf., p. 237.)

[NOTE.—The court concedes that the authorities are conflicting upon thepoint involved in this case. In New York, Ohio, and in England, the decis-ions sustain the conclusions of Judge Wallace, while in Connecticut, Massa-chusetts, Illinois, and Pennsylvania precisely the contrary rule prevails. Thepoint was made in this case that the law of Illinois should control the rightsof parties, but it was held otherwise.]

VI. In an action by G against a bank it appeared that a note was made to G'aorder, indorsed by him, and sent through the house of B, a banker, for col-lection, and by B indorsed to the defendant bank "for collection andcredit": Held, that B, by the indorsement, did not become the owner of thenote, and had no right to pledge it, or direct its proceeds to be credited tohim in payment of his indebtedness to the defendant bank. (First NationalBank vs. Gregg, 79 Pa., p. 384.)

VII. In such case, if the defendant bank had made advances, or given new creditto B on the faith of the note, it would have been entitled to retain theamount out of the proceeds (Ibid.)

VIII. A bank holding a customer's demand note has a lien upon the proceeds ofdrafts delivered to it for collection, after the giving of the note, thoughcollected after the filing of a petition in bankruptcy, and can apply suchproceeds upon the notes. (Be Farnsworth, 5 Biss., p. 223.)



COLLECTIONS—Continued.

IX. A collection agent who receives from his principal a bill of lading of mer-chandise, delivered to order, and attaches to it a time draft, may, in the ab-sence of special instructions, deliver the bill of lading to the drawee of thedraft upon the latter's acceptance of the draft. It is not the duty of theagent to hold the bill after such acceptance. (National Bank of Commercevs. Merchants1 National Bank, 1 Otto, p. 92.)

X. Woolen fy Co., bankers at Indianapolis, sent to defendant, a bank at Buffalo,a draft on one Bugbee; also bills of lading for sundry car-loads of lumber.The remittance was by letter, which merely stated that the draft and billswere sent to defendant for collection and remittance of proceeds to plaint-iffs, Woolen <$• Co. The draft was drawn by, and to the order of, Coder 8fCo., indorsed by them, by Mayhew, and the plaintiffs. By the terms of thedraft the drawer, indorsers, and acceptor waived presentment for paymentand notice of protest and non-payment. It was payable fifteen days afterits date, and it was admitted that by ordinary course of transit the lumberwould reach its destination eight days prior to the maturity of the draft.There had been no business transactions between plaintiffs and defendants,save one collection similar to this. Defendants presented the draft to Bug-bee for acceptance, and upon such acceptance delivered to him the bills oflading. Bugbee failed before the draft matured, and plaintiffs sued defend-ants for delivering the bills of lading to Bugbee before payment of the draft.It was conceded that the draft was drawn for the price or value of the lum-ber: Held, per Wallace, J., that, the draft being on time, it must be pre-sumed that it was the intent of parties that Bugbee should realize fromsale of the lumber the funds to meet the draft at maturity. Therefore,upon his acceptance of the draft, he was entitled to the bills of lading, anddefendants were not liable for thus delivering them; but if the draft hadnot been upon time, a different rule might have prevailed. ( Woolen fy Webbvs. N. Y. and Erie Bank, 12 Blatehf., p. 359.)

XI. L transmitted to a bank a draft indorsed "for collection on his account."The bank provisionally credited the draft, when received, to L, presentedit for payment, and surrendered it to the drawee on receipt of his check forthe amount. Instead of demanding the money on this check, the bank hadit certified "good," and on the same day suspended payment. The nextday the check was collected, and the money mingled with the other moneyin the hands of the receiver: Held, that the receiver held the funds in trustfor L. (Levi vs. Missouri Bank, 5 Dillon, p. 104.)

XII. The general power of a bank to collect ceases by its suspension as to paperpreviously deposited therewith. (Jockusch vs. Towsey, 51 Tex., p. 129.)

XIII. As to effect of indorsement "for collection," see Bank of Metropolis vs. FirstNational Bank of Jersey City, U. S. Circuit Court, S. D. N. Y., Bankers1 Mag-azine, August, 1884.

XIV. A bank in Pittsburgh sent to a bank in New York, for collection, eleven unac-cepted drafts, dated at various times through a period of over three months,and payable four months after date. They were all drawn on "WalterM. Conger, secretary Newark Tea Tray Co., Newark, N. J.," and weresent to the New York bank as drafts on the Tea Tray Company. The NewYork bank sent them for collection to a bank in Newark, and in its lettersof transmission recognized them as drafts on the company. The Newarkbank took acceptances from Conger individually on his refusal to acceptas secretary, but no notice of that fact was given to the Pittsburgh bankuutil after the first one of the drafts had matured. At that time thedrawers and an indorser had become insolvent, the drawers having been ingood credit when the Pittsburgh bank discounted the drafts: Held, thatthe New York bank was liable to the Pittsburgh bank for such damages asit had sustained by the negligence of the Newark bank.

The circuit court having on a trial before it without a jury made a finding offacts which did not cover the issue as to damages, and given a judgment forthe defendant, this court, on reversing that judgment, remanded the case foranew trial, being unable to render a judgment for the plaintiff for any spe-cific amount of damages. (Exchange National Bank of Pittsburgh, Pa., vs.The Third National Bank of New York City, U. S. Supreme Court,'lti84, Bank-ers' Magazine, February, 1885, p, 611.)

XV. Where a negotiable instrument, indorsed and delivered in blank to a bank,though in fact onlj for collection, is sent by it to another bank for " col-lection and credit" before maturity, and the latter receives it without no-tice that it does not belong to the former, it may lawfully retain the pro-ceeds of the collection to satisfy a claim for a general balance against the


8 4 REPORT OF THE COMPTROLLER OF THE CURRENCY.

COLLECTIONS—Continued.

other bank, if that balance lias been .allowed to arise and remain on thefaith of receiving payments from such collections pursuant to a usage be-tween the two banks. ( Vickrey vs. State Savings Association, Federal Repor-ter, vol. 21, p. 773.

COMPROMISES.

I. In adjusting and compromising contested claims against it, growing out of alegitimate banking transaction, a national bank may pay a larger sum than,would have been exacted in satisfaction of them, so as to thereby obtaina transfer of stocks of railroad and other corporations, in the honest beliefthat, by turning them into money under more favorable circumstances thanthen existed, a loss which it would otherwise suffer from the transactionmight be averted or diminished. (First National Bank vs. National ExchangeBank, 2 Otto, p. 122.) .

II. So, also, it may accept stocks in satisfaction of a doubtful debt, with a viewto their subsequent conversion into money, in order to make good or reducean anticipated loss. (Ibid.)

(See, also, Title "ESTATE, REAL," I, post.)III. A court has no power, under section 5324 of the Revised Statutes of the

United States, to order the receiver of a national bank to compound debtswhich are not " bad or doubtful " ; and a composition, under such an order,of debts not bad or doubtful, is ineffectual. (Price, receiver, $c, vs. Yates,2 Thomp. Cases, p. 204, U. S. Circuit Court, Western District Pa.)

IV, A receiver compromised suits with counsel for the United States: Held, thatthe compromise would not be opened after a lapse of years, no fraud beingalleged. (Henderson vs. Myers, 11 Phil., Pa., p. 616.)

[NOTE.—This must have been a compromise made without a special orderof court. ]

COMPTROLLER.

I. The Comptroller appoints the receiver, and can therefore remove him. (Ken-nedy vs. Gibson, 8 Wall., p. 498.)

II. The Comptroller's certificate, reciting the existence of the facts, of which heis required to be satisfied to justify the appointment of a receiver undersection 50 of the national bank act, is sufficient evidence of the validity ofsuch appointment in an action brought by such receiver. (Platt vs. Bebee,57 N. ¥.,p. 339.)

III. The Comptroller must authorize any increase of the capital stock of a nationalbank; and such increase must be certified by him, as prescribed by section13 of the act of Congress providing for the organization of national banks.(Charleston vs. People's National Bank, 5 S. C.,p. 103.)

IV. The Comptroller cannot subject the United States Government to the juris-diction of a court, though he appears and answers to the suit. (Caseva.Terrell, 11 Wall., p. 199.)

(See, also, Title " SHAREHOLDERS, INDIVIDUAL LIABILITY OF,"post.)V. Where a national bank was put into insolvency by the Comptroller of the Cur-

rency, and a creditor, whose claim was disputed, recovered judgment sevenyears after for an amount much larger than the amount of his claim at thetime of failure, on account of interest for the interval having been includedin the judgment, it was held that dividends must be calculated and paidupon the amount of the claim at the time of the failure of the bank. (UnitedStates ex rel. White vs. Knox, U. & Supreme Court, May 5, 1884.)

CONVERSION.

I. The conversion of a State into a nationl bank works no dissolution, only achange of the original corporation ; nor does the latter thereby escape anyof its liabilities. (Maynard vs. Bank, 1 Brewster, Pa., p. 483; Kelsey vs. Na-tional Bank of Crawford County, 69 Pa., p. 426 ; Coffey vs. National Bank ofthe State of Missouri, 46 Mo., p. 140.)

II. The certificate of the Comptroller of the Currency is conclusive as to theregularity of the proceeding by which any bank has been converted into anational bank. (B. U. Keyser, receiver, vs. Jane C. Hitz, Sup. Court, D. C.Decided June 26, 1883.)

III. Where owners of more than two-thirds of stock consent to the conversion ofa bank into a national bank, the conversion may take place without theconcurrence of the remaining stockholders. (Ibid.)

IV. Although it might be more regular, it is not necessary that, on conversion,a new stock book should be opened, or new certificates of stock issued.(Ibid.)



CONVERSION—Continued.

V. A stockholder giving consent to conversion thereby becomes a stockholder inthe new bank, even if new certificates of stock are not issued. (Ibid.)

CREDITORS OF NATIONAL BANKS.I. The respective rights and liabilities existing between a national bank and

its creditors and debtors become fixed when its insolvency occurs. * * *All the property and assets of the association then become a fund, legally-dedicated, first, to the satisfaction of any claim of the United States forthe redemption of its circulating notes, and, second, for a ratable distribu-tion of the balance among its general creditors upon the principle of equal-ity. (Balch vs. Wilson, 2 Thomp. Cases, p. 276 ; 25 Minn., p. 299.)

II. The United States, as a creditor of a national bank, is not entitled to a prior-ity of payment out of its assets over other creditors. (Cook Co. NationalBank and Aug. H. Burley, receiver* of said bank, appellants, vs. The UnitedStates, U. S. Sup. Court, Oct. term, 1882.) This suit was appealed from theUnited States circuit court, northern district Illinois, in the name of theUnited States, by the bondsmen of McArthur, postmaster of Chicago. Thebank was a Government depository, and on its failure the proceeds of itsbonds deposited in the United States Treasury to secure deposits were suf-ficient to refund ail the public moneys, except about $20,000 of postal funds.The bondsmen, being liable for any amount the bank might fail to pay ifthe United States accepted pro rata dividends with other creditors, broughtsuit for the whole amount, claiming priority of payment under a statute of1797, providing that in the case of insolvent debtors of the United States,the debt of the United States should first be satisfied from their estate.The court decided that the statute of 1797 was suspended as to nationalbanks by the act authorizing the formation of national banks, by whichthe United States was placed on the same footing as other creditors. Thecourt said: "We consider that act (national bank act) as constituting byitself a complete system for the establishment and government of nationalbanks." (For further points decided in this case, see "Set-off.")

CURRENCY.I. The word "currency," in a certificate of deposit, means money, including bank

notes, which, though not an absolute legal tender, are used as money byauthority of law, and are in circulation generally, at the locus in quo, on parwith coin. (Klauber vs. Biggerstaff, 47 Wis^p. 551.)

CURRENCY ACT.I. The purpose of the currency act was, in part, to provide a currency for the

whole country, and, in part, to create a market for the Government loans. (PerStrong, J., in Tiffany vs. National Bank of the State of Missouri, 18 Wall., p.413.)

II. National banks organized under the act of Congress of June 3,1864, are theinstruments designed to be used to aid the Government in the administra-tion of an important branch of the public service; and Congress, which isthe sole judge of the uecessity for their creation, having brought them intoexistence, the States can exercise no control over them, nor in any wise affecttheir operation, except so far as Congress may see proper to permit. (PerSwayne, J., in Farmers and Mechanics' National Bank vs. Bearing, 1 Otto, p.29.)'

III. The constitutionality of the act of June 3,1864, is unquestioned. It rests onthe same principle as the act creating the second Bank of the United States.The reasoning of Secretary Hamilton and of this court in McCulloch vs. TheState of Maryland, 4 Wheat., p. 316, and in Osborne vs. Bank U. S., 7 Wheat.,p. 708, therefore applies.

IV. The power to create carries with it the power to preserve. The latter is acorollary of the former. (Ibid., per Swayne, J., pp. 33, 34.)

DEBTORS OF NATIONAL BANKS.I. Debtors of an insolvent national bank, when sued by the receiver, cannot

object that pleadings do not show a compliance with all the steps prescribedby statutes as preliminary to the appointment of such receiver. (Cadle,receiver, tyc, vs. Baker $ Co., 20 Wall., p. 650.)

II. Such ordinary debtors may be sued by receiver without previous order of theComptroller. (Bank vs. Kennedy, 17 Wall., p. 19.)



DEPOSITS.

I. CERTIFICATES OF.—A certificate of deposit was issued by a bank for a certainsum, subject to the order of the depositor at a certain date, payable on thereturn of the certificate: Held, in an action on said certificate against thebank, brought by an assignee, that there could be no recovery withoutproof of an actual demand and refusal of payment. {Brown vs. McJSlroy,52 Ind.,p. 404.)

II. In a suit against the bank upon a stolen certificate of deposit, given by thedefendant to the plaintiff, reciting that he had deposited in the bank a cer-tain number of dollars, payable to his order in current funds, on the returnof the certificate, properly indorsed: Held, first, that the instrument shouldbe regarded as the promissory note of the bank, assignable under the stat-ute (of Indiana), but that it was not negotiable as an inland bill of exchange,being made payable not in money, but "in current funds;" second, thatthe payee could recover on said stolen certificate without giving a bondagainst a subsequent claim thereunder by another person. {National StateBank vs. Eingel, 51 Ind., p. 393.)

III. Where a bank issues a certificate of deposit, payable on its return, properlyindorsed, it is liable thereon to a bona-fide holder, to whom it was trans-ferred seven years after it was issued, notwithstanding the payment thereofto the original holder. Such certificate is not dishonored until presented.(National Bank of Fort Edward vs. Washington County National Bank, 5 Hun.,N. Y. Sup. Court, p. 605.)

IV. Under a statute prohibiting the circulation of bills or notes not payable ondemand, banks have no power to issue time certificates of deposit; andsuch certificates, if issued, are void. They are equivalent to post notes.{Bank of Peru vs. Farnesworth, 18 III., p. 563; Bank of Orleans vs. Merrill,2 Hill [N. Y.], p. 295; Leavitt vs. Palmer, 3 JV. Y. [Corns*.], p. 19.)

(See also, "CURRENCY," supra.)V. GENERAL.—The relation between a bank and its depositors is that of debtor

and creditor only, and is not fiduciary. Thus, a note deposited for collec-tion, if passed to the credit of the depositor in his general account, thenoverdrawn, becomes the property of the bank, which becomes indebted tohim for the proceeds. Upon the bankruptcy of the bank, the proceeds areassets available to the general creditors. And the fact that the accountwas made good by other deposits before collection of the note makes nodifference. {In re Bank of Madison, 5 Bissell, p. 515.) A national bank mayalso apply a deposit in payment of a matured note held against the depos-itors. {Home Bank vs. Newton, 8 III., App., 563.)

VI. A deposit is general, unless the depositor makes it special, or deposits it ex-pressly in some particular capacity. And in case of a general deposit ofmoney with a banker, a previous demand by the depositor, or some otherperson by his order, is indispensable to the maintenance of an action for thedeposit, unless circumstances are shown which amount to a legal excuse.{Brahm vs. Adkins, 77 III, p. 263.)

VII. A national bank having become insolvent, a depositor therein assigned hisdeposit to a debtor of the bank: Held, that the latter could not offset suchdeposit against his debt, in an action thereon. (Venango National Bank vs.Taylor, 56 Pa., p. 14.)

VIII. A depositor was also indebted to the bank on bond and mortgage: Held, thathe could offset his deposit against said indebtedness, the bank being in thehands of a receiver. {Matter of New Amsterdam Savings Bank vs. Gartter, 54How. [N. Y. P. 2J.], p. 385.)

JX. The claims of depositors in a suspended national bank are, when proved tothe satisfaction of the Comptroller of the Currency, on the same footing asif they were reduced to judgments, and from date of such proof bear inter-est. (National Bank of the Commonwealth vs. Michigan National Bank, 94U. S. [4 Otto], p. 437.)

X. SPECIAL.—The taking of special deposits to keep, merely for the accommo-dation of the depositor, is not within the authorized business of nationalbanks; and the cashiers of such banks have no power to bind them on anyexpress contract accompanying, or any implied contract arising out of suchtaking. ( Wiley vs. First National Bank, 47 Ft,p. 546.)

[NOTE.—To the same effect was the decision of the New York court ofappeals in First Nat. Bank of Lyons vs. OaanNat. Bank, 60 N. Y., p. 278. Butit is to be remembered that in both these cases only the act of the cashierwas relied upon to bind the bank. In the latter case it was stated thatthere was no proof of even implied knowledge or assent on the part of thedirectory. In the well-reasoned case of Weckler vs. First Nat. Bank ofHagerstown, 42 Md.,p. 581, these cases are cited with decided approval; but



DEPOSITS—Continued.

a recent decision of the Supreme Court goes very far towards establishing adifferent doctrine. In National Bank vs. Graham, 100 U. S., p. 699, theSupreme Court held that section 52*28 R. S. U. S. conferred upon a nationalbank power to receive and take charge of special deposits, such as thepublic securities of the Government, and that such bank is liable indamages for the loss, through gross negligence, of such deposit, when it hadbeen made with the knowledge and acquiescence of its officers and direct-ors. The learned judge who delivered the opinion (Mr. Justice Swayne)cited numerous State decisions, only referring to the cases in Vermont asbeing in conflict with the weight of adjudications, and based the conclu-sion of the court upon the doctrine that " gross negligence on the part ofa gratuitous bailee, though not a fraud, was equivalent thereto in legaleffect, and that the doctrine of ultra vires has no application in favor of acorporation when guilty of a wrong."]

XL A national bank receiving a special deposit for safe-keeping, without reward,is liable only for gross negligence. The burden of proof is on the plaintiff,and gross negligence is not the omission of that care which every attentiveand diligent person takes of his own goods, but the omission of that carewhich the most inattentive takes. (First National Bank, $c, vs. Bex, 89Perm., p. 308.)

In Pattison vs. Syracuse Bank, 80 N. Y., 82, the case of Nafl Bank of Lyonsvs. Ocean National Bank is substantially overruled, following the ruling inNat11 Bank vs. Graham. See also First National Bank of Mansfield vs. Zent(supreme court of State of Ohio).

XII. AUTHORITY OF BANK TO APPLY DEPOSIT IN PAYMENT OF DEBTS.—Wherea de-positor in a bank is indebted to the bank by bill, note, or other independentindebtedness, the bank has a right to apply so much of the funds of thedepositor to the payment of his matured indebtedness as may be necessaryto satisfy the same. (Appellate court, first district, held at Chicago. HomeNational Bank vs. Newton.)

So, where the bank held the note of a depositor for a certain sum, thebank could, on the morning of the last day of grace upon such note, applyto its payment any money of the depositor then remaining on deposit insuch bank.—[Chicago Legal News.]

DIRECTORS OF NATIONAL BANKS.I. Directors of a national bank may remove the president, both under the law

of Congress and the articles of association, where the latter so provide.The power exists if the bank has adopted no by-laws. (Taylor vs. Mutton,43 Barb., N. Y. Sup. Court, p. 195; S. C, 18 Abb. Pr. E.,p. 16.)

II. In all cases where an act is to be done by a corporate body, a majority of thewhole number of directors is necessary to constitute a valid meeting ; butat a meeting when a quorum is present the majority of those present mayact. A by-law adopted when less than a majority is present is void.(Lockwood vs. American National Bank, 9 Rhode Island, p. 308.)

(See Title " OFFICERS,v post.)III. The power to compromise or release claims in favor of a bank is in the board

of directors and not within the scope of the cashier's authority. (ChemicalBank vs. Kohner, 8 Daly [A7. F.], p. 530.)

IV. In Bostwick vs. Brinkerhoffn suit was begun in the supreme court of the Stateof New York, by a stockholder of the National Bank of Fishkill, to recoverdamages from the directors for their neglect of their official duties. Ademurrer was filed to the complaint, which raised, among others, the qnes-tion whether such an action could be brought in a State court. Thesupreme court of the State sustained the demurrer and dismissed the com-plaint. The judgment was affirmed at general term. An appeal was takento the court of appeals, where the judgment of the general term was re-versed, and the case was remitted to the supreme court to be proceededupon according to law. A writ of error was taken to the Supreme Courtof the United States, which decided that a judgment of reversal by a Statecourt with leave for further proceedings in the court of original juris-diction is not subject to review in the United States Supreme Court.(Supreme Court, 106 U. S.)

V. Acker man vs. Halsey was a suit brought in the circuit court of Essex County,New Jersey, by a stockholder of the Mechanics' National Bank of Newark,N. J., against a director of that bank, to recover the value of stock lost bythe insolvency of the bank through the negligence of directors. The de-fendant demurred on the ground that directors could not be sued for injury



DIRECTORS OF NATIONAL BANKS—Continued

by an individual stockholder, but only by the corporation or receiver.Judge Depue sustained the demurrer, stating that such suits should bebrought by the receiver in behalf of the corporation, its creditors andstockholders, but that if the receiver refused to bring such suit, any stock-holder might do so, joining with himself all other stockholders. This de-cision was rendered in April, 1882.

VI. Conivay vs. Halsey, New Jersey Supreme Court. Bankers' Magazine for November f1883, p. 378. This was a suit brought by a stockholder of the Mechanics'National Bank of Newark, N. J., against the president and directors, forneglect and mismanagement, &c. It was demurred to on grounds similarto the preceding case, and the demurrer was sustained. The plaintiff alsoheld that he had the right to recover under section 5239 of the RevisedStatutes. On this point the judge held that that statute only applied whenthe charter of the corporation was forfeited on account of willful violationof law on the part of the directors. In this case the plaintiff did not show-any willful violation of law by which a direct injury was done to the stock-holders. The injuries received were indirect, because the directors werealleged to have permitted, by their negligence, the property of the corpo-ration to be squandered, purloined, or lost.

EMBEZZLEMENT.I. When the president of a national bank, having charge of its funds, converts

them to his own use, he embezzles and abstracts them within section 55 (R. S.,sec. 5209) of the national bank act, unless he shows authority for thus usingthem. (In the matter of Van Campen, 2 Benedict, p. 419, per Blatchford, J.)

II. Although false entries in regard to such embezzlement are made on the booksof such bank by the clerk, but by the order of the president, the latter ischargeable as principal; and the intent to defraud the bank is to be inferredfrom the fact of such embezzlement. (Ibid.)

III. The cashier of a national bank was indicte.d under said section 55 for embez-zling and willfully misapplying the moneys of the bank with intent to de-fraud, &c. On trial it was proved that defendant took the moneys of thebank and used them in stock speculations, carried on in his own name, bydepositing the same with a stock broker as " margins" for stock bought onhis own account. Meld, that the intent to injure or defraud was conclusivelypresumed upon proof of the act charged ; and, therefore, evidence was notadmissible to prove that the cashier used the funds with the knowledge andconsent of the president and some of the directors of the bank, and on ac-count of and for the benefit of the bank. (United States vs. Taintor, 11Blatchf,p. 374.)

[NOTE.—This last case was decided in the United States circuit court,southern district of New York, Woodruff, Blatchford, and Benedict, JJ., allconcurring in the decision.]

IV. A State court has no jurisdiction of the crime of embezzlement by an officerof a national bank situated within the State. (Commonwealth vs. Felton, 101Mass., p. 204 ; State vs. Tuller, 34 Conn., p. 280.) But in this latter case itwas also held that while a teller of such bank could not be punished forembezzling the funds of the bank, he could be convicted, under the statuteof the State, for purloining property deposited with such bank for safe-keeping ; and in Commonwealth vs. Barry, 116 Mass., p. 1, it was decidedthat though an officer of a national bank, who has stolen its property, maybe subject to punishment for embezzlement under the national law, he mayalso be punished for the same act, as a larceny, under the statute of theState.

ESTATE, REAL.I. The want of power of a bank, or of its trustee (receiver) in insolvency, to

purchase and hold real estate, does not render void an arrangement where-by land subject to a lien in favor of the bank, and to other liens, is dis-charged of those other liens by funds from the assets of the bank, the landbeing then sold, and the entire proceeds of such sale realized to the bankassets, provided the title does not pass through the bank or its trustees.(Zantzingers vs. Gunlon, 19 Wall.,}). 32.)

1L In Union National Banket al. vs. Mathews, 98 U. S., p. 658, the court recog-nized the doctrine that, " where a corporation is incompetent by its charterto take a title to real estate, a conveyance to it is not void, but only void-able, and the sovereign alone can object. It is valid unless assailed in adirect proceeding instituted for that purpose."



ESTATE, REAL—Continued.

[NOTE.—Thus it would seem that a mortgage executed to secure a presentloan, or any other conveyance of real estate to a national bank, must beheld valid until declared void in a direct proceeding instituted for that pur-pose by the United States Government.]

(See, also, Wroten's Assignee vs. Armat, 31 Grattan, p. 238.)III. The title to real estate taken by a national bank, on adjustment of a Liabil-

ity in its favor, must be held valid until attacked by the United States, indirect proceedings instituted for that purpose. Such title cannot be im-peached collaterally, in an ejectment suit. (Mapes et at. vs. Scott et al.994, III., p. 379; National Bank vs. Whitney, 106 V. S., p. 99 ; Graham vs. Na-tional Bank, 32 X. J. Eq., p. 804; Warner vs. Dewitt, 4 III. App., p. 305.)

(See, also, Title il LOANS ON REAL ESTATE," post.)

ESTOPPEL.I. A shareholder in a national bank, who has participated in its transactions as

such, and received dividends, is estopped from denying the legality of itsincorpoiation. The same rule applies to one accustomed to deal with anational bank as such, as by giving his promissory note to such bank.(Wheelock vs. Kost, 77 III., p. 296; National Bank of Fair haven vs. PhoenixWarehousing Company, 6 Hun. [2V. Y.~\, p. 71; Casey vs. Galli, 94 U. S., p.673, and numerous cases therein cited.)

II. The Manufacturers' National Bank of Chicago, defendant, being the city corre-spondent of the People's Bank of Belleville, plaintiff, guaranteed to the latterbank the payment of certain notes of one Picket, pursuant to an agreementthat thus guaranteed their amount should be, as it teas, debited to the accountof the Belleville Bank. Such agreement, and the guarantee in pursuancethereof, were made by the vice-president of the defendant bank, with theassent of the president and cashier, but without the assent of the directors.Held, that under the circumstances the defendant bank was estopped fromsetting up, as a defense, that such guarantee was ultra vires. {People's Bankvs. National Bank, 101 U. S., p. 181.)

[NOTE.—It will be observed that this decision stops far short of legaliz-ing naked accommodation paper made by a national bank.]

111. A national bank which has wrongfully converted to its own use the propertyof another, is estopped from denying its liability to account therefor uponthe ground that it received and held the property in carrying on the busi-ness of a warehousman, outside the powers conferred by its charter. {Ger-man National Bank vs. Meadowcroft, 2 Thomp. Cases, p. 462. Sup. Court III.)

EVIDENCE.I. Even if it be within the authority of the president of a national bank to bind

the bank by an agreement with the acceptor of a draft, which is discountedby the bank, not to enforce the draft against him, yet oral evidence of suchan agreement is not competent in defense of a suit by the bank against theacceptor. {Davis vs. Randall, 115 Mass., p. 547.)

II. The certificate of the Comptroller of the organization of a national bank isconclusive evidence as to the completeness of such organization, in a suitagainst one of its shareholders. {Casey vs. Galli, ante; Thatcher vs. WestRiver National Bank, 19 Mich., p. 196.)

III. In ordering an assessment for the payment of the debts of an insolvent bank,the stock certificates and stock ledger of the bank must be taken by theComptroller of the Currency, in the absence of fraud or mistake, as show-ing who the stockholders were at the time of the failure. {Davis vs. EssexBaptist Society, 44 Conn., p. 582.)

IV. The maker of a certificate of deposit cannot overcome its effect, as proof ofa deposit actually made, except by clear and satisfactory evidence. (FirstNational Bank of Lacon vs. Meyers, 83 III., p. 507).

INTEREST.I. Under section 30, act of 1864, a national bank in any State may take as high

rate of interest as by the laws of such State a natural person may stipu-late for, although State banks of issue are restricted to a less rate. (Tiffanyvs. National Bank of the State of Missouri, 18 Wall., p. 409.)

il. As the action was virtually brought to recover the penalty for usury, thestatute (section 30) must receive a strict construction. (Ibid., p. 409.)

[NOTE.—In Missouri, natural persons may take ten per cent., but Statebanks are restricted to eight per cent. In this case the national bank hadtaken nine per cent: Held, legal.]



INTEREST—Continued.

III. In a suit by a national bank uix>n a bill of exchange discounted by it, theacceptor cannot set up by way of counter-claim, or set-off, that the bankin discounting a series of bills of said acceptor, the proceeds of which itused to pay other bills, knowingly took, and was paid, a greater rate ofinterest than that allowed by law. (Barnett vs. National Bank, 98 TJ. 8. [8Otto'], p. 555.)

IV. The act of June 3, 1864 (R. S., sec. 5198), having prescribed that, as a pen-alty for such taking, the person paying such unlawful interest, or his legalrepresentative, may in an action of debt against the bank recover back twicethe amount so paid, he can resort to no other mode or form of procedure.(Brown vs. Second National Bank of Erie, 72 Pa., p. 209; Barnett vs. Na-tional Bank, 98 U. S., p. 555.)

[NOTE.—The above case of Barnett vs. National Bank, 98 TJ. S., p. 555,overrules several State adjudications, and settles several points in regardto usurious interests as affecting loans by national banks. It holds thatwhen suit is brought by such bank to recover a loan made at usurious rate,stipulated for, but not paid, the entire interest thus agreed upon, but nopart of the principal, is forfeited, and the latter may be recovered in full;that when the usurious interest has been paid, twice its sum may be recov-ered by the borrower, but this can only be done by a suit directly broughtfor that purpose, which suit must be in the nature of an action of debt,commenced, of course, within the two years specified. Suppose, then, Aborrows $1,000 from a national bank on 90 days' time, and for the loan act-ually pays usurious interest in advance. Suppose his paper is protestedand suit is brought upon it. It follows that while A cannot offset twicethe usurious interest he has paid, nor any part thereof, in reduction of theface of his paper, the bank can recover from him not only the principal ofthe loan, but legal interest thereon from the date of maturity of the noteor bill.]

(See, also, Natl. Bank vs. Bearing, 91 TJ. S.,p. 29, and Title "USURY,"post.)

V. ON CLAIMS OF CREDITORS.—Where a national bank is put in charge of areceiver, under section 50 of the original Currency Act (R. S., sec. 5234),and a sufficient sum is realized from its assets to pay all claims against itand leave a surplus, th«* Comptroller ought to allow interest on the claimsduring the period of administration, before appropriating the surplus tothe stockholders of the bank. An action of assumpsit by the holder ofsuch a claim will not lie against the Comptroller, nor against the receiver,but will lie against the bank. (Chemical National Bank vs. Bailey, 12Blatchf, p. 480.)

VI. In such action interest is recoverable on all demands originating in contractconditioned for the payment of interest, and on all demands for money dueand unpaid, by way of damages for non-payment after such demands be-came due. And interest is recoverable on a balance due a depositor in suchbank, although he has made no formal demand of payment. (Ibid.) But,as to this last point, see the ruling of the Supreme Court.

VI f. In the case of National Bank of the Commonwealth vs. Mechanics1 National Bank,4 Otto, p. 437, the United States Supreme Court decided that a depositor ina national bank, when it suspends payment and a receiver is appointed, isentitled from the date of his demand to interest on the deposit; that theclaims of depositors in such bank at date of suspension, for t i e amount oftheir deposits, are, when proved to the satisfaction of the Comptroller ofthe Currency, placed upon the same footing as if reduced to judgments;that is to say, they draw interest from tjhe time of such proof and allowance.It was also decided that, such interest being a liquidated sum at the timeof the payment of the deposit, an action lies to recover it, and intercut thereon.

VIII. When the Comptroller assesses shareholders to pay the debts of an insolventnational bank, such assessment bears interest from the date of the Comp-troller's order. (Casey^ vs. Galli, ante.)

IX. A statute of New York, fixing the rate of interest at 7 per cent., also makesforfeiture of principal and interest the penalty for taking interest at agreater rate. Notwithstanding this statute, the courts of that State haveheld that the payee of a promissory note may, in good faith, sell and indorseit to a third party for a sum agreed upon, amounting as discount to anyrate in excess of that prescribed by law ; that such purchaser may recoverfrom the maker principal and interest iu full, and that if it be necessary toresort to the indorser, the purchaser may recover against him the actualsum paid for the note with interest.



INTEREST—Contin ued.

Acting upon these adjudications, a national bank in that State discountedfor a customer notes (all paid at maturity) for sums aggregating $2,735.36in excess of the legal rate of interest. Subsequently the seller sued thebank to recover, under sections 5197 and 5198 of the national bank act, thepenalties therein prescribed, to wit, double the aggregate paid.

In the State courts the plaintiff had judgment as prayed, and on writ oferror to the court of appeals of New York, the Supreme Court of the UnitedStates affirmed the judgment below ; holding that,

"Although under the laws of New York a contract between natural per-sons to reserve and pay upon the discount of business paper any stipulatedrate of interest (discount) may be valid, such contract, if a national bankbe party thereto, and the paper be, in pursuance thereof, transferred to it,is in violation of said sections, if the rate agreed upon exceeds 7 per cent.,and subjects such bank to the penalties therein prescribed. (National Bankvs. Johnson, 104 U. S., 271.)

JUDGMENTS.I. A judgment against a national bank in the hands of a receiver, upon a claim,

only establishes the validity of such claim; the plaintiff can have no exe-cution on such judgment, but must await pro rata distribution. (Bank ofBethel vs. Pahquioque Bank, 14 Wall., p. 383, and Clifford, J., p. 402.)

JURISDICTION.I. A United States District Court has jurisdiction to authorize a receiver of an

insolvent national bank to compromise a debt. (Matter of Platt, 1 Ben., p.534.)

II. A resident (citizen) of Kentucky was a creditor of a national bank located inAlabama, and commenced a suit on his claim against said bank in the su-preme court of the State of New York, at the same time attaching certainmoneys belonging to said bank, in the hands of the National Park Bank, inNew York. Subsequently the receiver of the Alabama bank (which hadfailed) was, on his own motion, made party defendant to the action pendingin the New York supreme court, and pleaded " want of jurisdiction" andother defenses. The supreme court overruled his plea to the jurisdiction,rendered judgment against the receiver on the merits, and ordered satisfac-tion to be made from the moneys attached. Thereupon the receiver filedhis bill in chancery in the United States Circuit Court for the proper circuit,praying an injunction to restrain the collection of the judgment rendered bysaid supreme court, and that the moneys attached be paid to him as receiver.Held, that, by the provisions of the Currency Act, the State court was de-prived of jurisdiction of the attachment proceedings ; that the receiver wasnot estopped by the proceedings in said State court from asserting hisrights in said Circuit Court, and that he was entitled to the relief prayedfor in his bill. (Cadle, receiver, <fc, vs. Tracy, 11 Blatchf, p. 101.)

(See, also, Title " RECEIVERS,"VII, post.)III. State courts have no jurisdiction of actions to recover penalties imposed by

the national bank act. (Newell vs. National Bank of Somerset, 12 Bush.y^p

See, also, Title "EMBEZZLEMENT," IV, ante.)IV. The United States Circuit Court has no jurisdiction of a suit by a private per-

son to restrain or interfere with the Treasurer of the United States or theComptroller of the Currency in the discharge of their duties in respect tobonds deposited to secure the redemption of circulating notes of a nationalbank. ( Fan Antwerp vs. Hubbard, Blatchf.,p. 426.)

V. An action will not lie against the Comptroller nor the receiver, upon a claimagainst an insolvent national bank, but will lie against such bank. (Chem-ical National Bank vs. Bailey, ante. See, also, Bank of Bethel vs. PahquioqueBank, ante.)

VI. A national bank cannot be sued in the United States District Courts outsideof the district where it is located. (Main vs. Second Nat. Bank of Chicago,6 Bissellyp. 2(5.)

VII. Nor can such action be brought against a national bank in a State court, savein the county or city where it is located. (Crocker vs. Marine National Bankt101 Mass.,p. 240.)

(See, also, Title "ACTION," VII, ante ; also "EMBEZZLEMENT," IV, ante.VIII. The provision of section 5198, U. S. Rev. Stats., requiring that suits, actions,

and proceedings against a national bank in any State, county, or municipalcourt must be brought in the county in which such bank is located, is held



JURISDICTION—Continued.

to apply to transitory actions only, and not to such actions as are by lawlocal in their character. (Casey,receiver,^c, vs. Adams, 2 Thomp. Cases,p.102. U. S. Supreme Court.)

[NOTE.—The jurisdiction of the local court was sustained in this cause,although it seemed clear that a complete remedy might have been had inthe U. S. Circuit Court at New Orleans, where the bank was situated.]

IX. National banks are not entitled, by force of the national bank act, to haveany suit in a State court, wherein they are parties defendant, removed to aFederal court. ( Wilder vs. Union Nat. Bank, 2 Thomp. Cases,p. 124.)

X. National banks are not authorized to sue in the Federal courts out of the dis-tricts in which they are located when the amount sued for does not exceed$500. (St. Louis Bank vs. Brinkham, 1 McCrary, 9.)

[NOTE.—As to present jurisdiction of Federal and State courts, see actof Congress of July 12,1882,proviso to section 4.]

LOANS IN EXCESS.I. A loan by a national bank in excess of the restriction of section 29 of the act

of 1864 (Revised Statutes, section 5200), which provides that the total lia-bilities of any person (borrower) shall not exceed ten per centum of thecapital stock, &c, is not void on that account. The loan maybe enforced,though the bank maybe liable to proceedings for forfeiture of its privileges,&c, for making it. (Stewart vs. National Union Bank of Maryland, 2 Abb.,United States, p. 424. See, also, O'Hare vs. Second National Bank, 77 Pa.,

p. 96.)II. In Samuel M. Shoemaker vs. The National Mechanics- Bank and The same vs.

The National Union Bank, application for injunction, &c, United States Cir-cuit Court, Baltimore, Md., Judge Giles held, * * * "As to the firstcharge in this bill against the defendant, in reference to the amount loanedto Bayne & Co., in violation of the twenty-ninth section of the act of June3, 1864, I would only say that the loan made under such circumstances isnot void ; it can be enforced as any other loan made by the bank." ( Vide31 Md.,p. 396.)

III. The validity of a loan in excess of the above-named statutory restriction wasestablished and set at rest by the decision of the United States SupremeCourt in the case of Gold Mining Company vs. Rocky Mountain NationalBank, 96 U. S. [6 Otto'], p. 640.

LOANS ON REAL ESTATE.I. A executed a note to B, and, to secure payment thereof, also executed a deed

of trust on lands, which was in effect a mortgage, with a power of salethereto annexed. A national bank, on the security of the note and deed,loaned money to B, who thereupon assigned them to the bank. The notenot being paid at maturity, the trustee was proceeding to sell the landspursuant to the power, when A filed a bill in chancery to enjoin the sale,upon the ground that by sections 5136-'37, Revised Statutes, the deed didnot inure as a security for a loan made by the bank at the time of theassignment of said note and deed: Held, that the bank was entitled to en-force collection of the note by a sale of the lands pursuant to the power inthe deed of trust. ( Union National Bank of Saint Louis vs. Matthews, 98 U. S.[8 Otto~\, p. 621.) Mr. Justice Miller dissented, holding the note valid, butthat the deed was inoperative as security to the bank.

[NOTE.—It is now well settled that a mortgage given to secure a loanfrom a national bank, executed directly to the bank when the loan is made,

. is valid, unless set aside by proceedings instituted for that purpose by theGovernment. (National Bank vs. Whitney, 103 U. S., p. 99; Graham vs.National Bank, 32 N. J. Eq., p. 804; Warner vs. Dewitt, 4 III. App., p. 305;Thornton vs. Exchange National Bank, 71 Mo., 221.)]

LOANS ON SHARES.I. National banks are governed by the act of 1864, which repealed the act of

1863, and cannot, therefore, make loans on the security of their own shares,unless to secure a pre-existing debt, contracted in good faith. (Bank, tfc,vs. Lanier, 11 Wall,p. 369.)

II. The placing of funds by one bank on permanent deposit with another bankis a loan within the spirit of section 35 of act of 1864. (Ibid., p. 369.)

III. Loans by such banks to their shareholders do not cieate a lien on the sharesof such borrowers. (Ibid., p. 369.)

(See, also, Bullard vs. Bank, 18 Wall., p. 580; and " BY-LAWS," supra,)



LOANS ON SHARES—Continued.

IV. But a national bank has the right to make loans on negotiable notes securedby the stock of another corporation, of marketable values. (Shoemaker vs.National Mechanics' Bank, 1 Hugh., p. 101.) The same doctrine was alsoheld in the case of Germania National Bank et al. vs. F. F. Case, receiver, <f c,decided by the United States Supreme Court, 99 U. S. [9 Otto], p. 628.

LOCATION.I. Under sections 6, 8, 10, 15, 18, and 44 of the original Currency Act (13 Stat.

at Large, 101), respecting the location of banking associations, a nationalbank is to be regarded as located at the place specified in its organizationcertificate. If such a place is in a State, the association is located in thatState. (Manufacturers' National Bank vs. Baack, 8 Blatchf, p. 137.)

OFFICERS.I. CASHIER. The cashier is the general executive officer of a bank, having

charge of its funds, notes, bills, and other choses in action. Either directlyor through his subordinates he receives all moneys and notes of the bank,delivers up discounted paper when paid, draws checks to withdraw fundsof the bank when deposited, and generally, as such executive officer, trans-acts most of the bank business. ( United States vs. City Bank of Columbus,21 How., p. 356, and numerous later decisions.)

II. But the cashier can make no declaration binding the bank not within thescope of his general powers. (Bank of Metropolis vs. Jones, 8 Pet., p. 12; S.P., 3 Watts <f 8., [Pa.], p. 317; 3 Gill [Jfd.], P- 96.)

III. A cashier who has made sale of corporate property, and holds a balance in hishands, is the agent of the board of directors, and not of the respectivestockholders, and cannot be charged by an individual stockholder as hold-ing such balance for his benefit. (Brown vs. Adams, 5 Biss., p. 181.)

IV. A cashier, without special authority, cannot bind his bank by an official in-dorsement of his individual note, and the onus is on the payee to show suchauthority. (West Saint Louis Savings Bank vs. Shawnee Co. Bank, 3 Dill,p. 403.)

V. Although the cashier of a bank may, in the ordinary course of business, with-out the action of the directors, dispose of the negotiable securities of thebank, he has not the power to pledge its assests for the payment of an ante-cedent debt. (State of Tennessee vs. Davis, 50 How. IN. Z.], p. 447.)

VI. A cashier has not the authority to compromise or release a claim of the bank.(Chemical Bank vs. Kohner, 8 Daley [iV. Y.], p. 530.)

VII. DIRECTORS. It is the duty of directors of a bank to use ordinary diligencein acquiring knowledge of its business. They cannot be heard, when sued,to say that they were not apprised of facts the existence of which is shownby the books, accounts, and correspondence of the bank. They should con-trol the subordinate officers of the bank in all important transactions.Therefore, under the circumstances proved in this particular case, theywere held liable for the abstraction and sale of special deposits by the lat-ter. ( United Society, $c, vs. Underwood, 9 Bush [Ky.~\, p. 609; German Bankvs. WulfekiMer, 19 Kansas, p. 60.)

VIII. The cashier of a national bank, who had executed no bond, embezzled itsfunds, discovery whereof might have been effected by use of slight dili-gence on the part of the directory. They, however, published, accordingto law, a statement of the condition of the bank, which showed that itsaffairs were being prudently and honestly administered, and from whichthe public had aright to believe that he*was trustworthy. Afterwards,persons who had seen this report became sureties on the official bond ofcashier, and for his subsequent embezzlements were sought to be held liablethereon : Held, that such sureties, being misled by the statement, were re-leased. They had a right to believe that the directors, before publishingit, investigated the condition of the bank. (Graves vs. Lebanon NationalBank, 10 Bush [Ky.~\, p. 23.)

IX. The mere fact that directors of a bank knew of and sanctioned overdrafts willnot release from liability the sureties of a teller who causes a loss to thebank by permitting overdrafts; for the directors of a bank have no powerto sanction overdrafts. (Market Street Bank vs. Stumpe, 2 Mo., App., 545.)

X. PRESIDENT. A guarantee against loss for signing as sureties, given by a bankpresident without authority from the directors, to those whom he had so-licited thus to sign a note, given to the bank to retire a prior note held byit against their principal, is held to be the individual contract of the pres-ident, and not binding upon the bank. (First National Bank vs. Bennett, 33Mich., p. 520.)


9 4 REPORT OF THE COMPTROLLER OF THE CURRENCY.

OFFICERS—Continued.

XL A president of a bank bought the stock of A. for $1,000, and in paymentgave up to A. his note for that amount, which the bank held against A:Held, that the president exceeded his powers, and that the bank could re-cover from A. the amount of the note thus surrendered. (RhoadsYS. Webb,24 Minn., p. 292.)

XII. A president of a bank, who, with the cashier, had the general charge of itsbusiness, permitted and directed the drawing of moneys from the bank byone irresponsible, without security, and for a business in which the presi-dent was interested with the party drawing the funds. He requested thecashier not to say anything of it to the directors: Held, that the presidentwas personally responsible for the moneys thus drawn. (First National Bankof Sturgis vs. Reid, 37 Mich., p. 263.) Quere: Would not an indictment forembezzlement lie under the national bank act?

XIII. The president of a bank, as such, has no authority to release the claims of thebank against any one. Such authority must come from the directors, byvote or implication. (Olnet/ vs. Chadsey, 1 R. I., p. 224.) Nor can he bindthe bank to pay or become liable for a debt by his admission. (Henry vs.Northern Bank, 63 Ala., p. 527.)

XIV. In reference to what do not constitute offenses under section 5209 of theRevised Statutes (see case of United States vs. Jas. H. Britton, <fc, U. 8.Sup. Court, October term, I8rt2).

XV. A draft indorsed by the president of the Miners' National Bank of George-town, Colo., payable to White or order for account of the bank: Held,that the bank could not be held on the draft, but that White was entitledto recover the money advanced for the use of the bank, as appeared by thebooks of the latter, whether it was advanced without consideration orupon the draft as collateral. ( White vs. National Bank, 102 U. S., p. 658.)

XVI. AUTHORITY OF BANK CASHIER.

A banking corporation, whose charter does not otherwise provide, maybe represented by its cashier in transactions outside of his ordinary dutieswithout his authority to do so being in writing or appearing in the recordsof the proceedings of the directors.

His authority may be by parol, and collected from circumstances, or im-plied from the conduct or acquiescence of the directors.

It may be inferred, from the general manner in which, for a period suffi-ciently long to establish a settled course of business, he has been sufferedby the directors, without interference or inquiry, to conduct the affairs ofthe bank.

When, during a series of years, or in numerous business transactions, hehas been permitted, in his official capacity, and without objection, to pur-sue a particular course of conduct, it may be presumed, as between thebank and those who in good faith deal with it upon the basis of his author-ity to represent the corporation, that he has acted in conformity with in-structions received from those who have the right to control its operations.

That which directors ought, by proper diligence, to have known, as tothe general course of the bank's business, they may be presumed to haveknown in any contest between the corporation and those who are justifiedby the circumstances in dealing with it upon the basis of that course ofbusiness. (Supreme Court of the United States, October term, 1883, Martin vs.Webb.)

XVII. LIABILITY OF CASHIFJ'R.

1. Where directors of a corporation appoint one of their number to act astreasurer, secretary, or other ministerial officer of the corporation, he isprima facie entitled to reasonable compensation for his services as suchofficer.

2. Where he assumes the duties of such ministerial officer upon an expresscontract as to compensation, such contract controls, and this, though thecontract is to discharge the duties without any direct compensation inmoney.

3. An agent of a corporation, who, as an individual, purchases the prop-erties of the corporation from himself as agent, cannot uphold such pur-chase by proof that he agreed to pay what he thought the property wasworth, but is liable to the corporation for the actual value of the propertyso by him purchased.

4. Ratification implies knowledge, and a party cannot be adjudged tohave ratified an act of which he has no knowledge, actual or constructive.


REPORT OF THE COMPTROLLER OF̂ THE CURRENCY. 95

OFFICERS—Continued.XVII. LIABILITY OF CASHIER—Continued.

5. The doctrine that the directors of a bank are conclusively presumed toknow the financial condition of the bank, its general business, and its re-ceipts and expenditures as shown by its regular books, is for the protectionof third parties dealing with the bank, andfof the bank against prejudicialaction of any director, and cannot be invoked to uphold a wrongful appro-priation of moneys by the cashier or other officer, which appropriation ismade and also entered upon the books of the bank without the actual knowl-edge of the directors. {Supreme Court of Kansas ; The First National Bank ofFort Scott vs. Drake.)

6. It is no defense to an action brought by a bank against its late cashierfor a wrongful appropriation of moneys, that at the time of such appropri-ation he was the owner of four-fifths of the stock of the bank, and has sincethat time sold all of said stock to other parties, who are now the officersand managing authority of the bank.

XVIII. A., the president of defendant, a national bank in Vermont, applied to theplaintiff, a banking corporation in Canada, for a loan for his railroad of§50,000 which he had been unable to obtain from defendant. Plaintiff'smanager told him the money could not be loaned as an individual loan,as its individual loans were too near the limit allowed by law, but that itwould deposit that amount with defendant if desired.

A. assented, and they agreed the deposit should draw interest at 6 percent, while it remained, and that bonds should be deposited as security.Plaintiff drew two drafts for the amount on a Boston bank, delivered themto defendant and received the collaterals, and entered the transaction onits books as a loan to defendant. Defendant indorsed the drafts, forwardedthem to the Boston bank, from which it received credit for them, and hasalways retained their avails. About a year afterwards defendant failed,and a receiver was appointed who rejected the claim of plaintiff whenpresented for payment, and defendant brought suit. Held, that the trans-action was not a loan to A. individually, but to defendant; that plaintiffwas entitled to a judgment, to be paid by the Comptroller from the assetsratably with other claims; and that the amount due should be adjustedas of the time when the receiver was appointed, and so certified by thereceiver to the Comptroller, to be paid in due course of administration.(Eastern Township Bank vs. Vermont Nat. Bank of St. Albans and Another,Federal Reporter, Vol. 22, p. 186.)

POST-NOTES.I. Certificates of deposit, payable at a fixed future day, held to be equivalent to

post-notes, and therefore void, as prohibited by a State law.(See, ante, Title " DEPOSITS, CERTIFICATES OF," IV, and cases there cited.)

POWER OF ATTORNEY TO COLLECT PAYMENT OF GOVERNMENT BOND.A power of attorney authorizing an agent to "sell and assign " a Govern-

ment bond " called" for payment gives authority to the agent to assign tothe Secretary of the Treasury for redemption, and to receive in payment adraft drawn by the Treasurer of the United States to the agent by name,who can indorse it for collection or payment. (Decision by United StatesComptroller Lawrence.)

RECEIVERS.I. The receiver of a national bank is the instrument of the Comptroller, and

may be removed by him. (Kennedy vs. Gibson, 8 Wall, p. 505.)II. Such receiver is the statutory assignee of the assets of the bank, and may sue

to collect the same in his own name, or in the name of the bank for his use.(Ibid., p. 506.)

III. In such suit it is not necessary to make the bank or creditors parties. (Ibid.,p. 506.)

IV. The receiver of a national bank represents such bank and its creditors, buthe in no sense represents the United States Government, and cannot subjectthe Government to the jurisdiction of any court. (Case vs. Terrill, 11 Wall.,p 199.)he decision of a receiver, rejecting a claim against his bank, is not final.Claimant may still sue. (Batik of Bethel vs. Pahquioque Bank, 14 Wall., p.383.)

VI. The clause of seetion 50, act of 1864, which prescribes that the receiver shallbe " under the direction of the Comptroller/' means only that he shall besubject to his direction, not that he shall not act without orders. He mayand must collect the assets. That is what he is appointed for. (Bradley, J.in Bank vs. Kennedy, 17 Wall., pp. 22-3.)

p.The



RECEIVERS—Continued.

VII. Receivers of national banks are officers of the United States, within the mean-/ ing of the act of Congress of March 3, 1815, giving United States courtsj urisdiction of actions by United States officers, and may sue in such courts.(Platt, receiver, tyc, vs. Beach, 2 Ben., p. 303.)

[NOTE.—The judge places stress upon the provision of section 31 of theact of 1864, which requires (in that particular instance) that the Secretaryof the Treasury shall concur in the appointment of the receiver.]

VIII. Receiver not liable to be sued on a claim against the bank.(See Title " JURISDICTION," V, ante.)

IX. The personal assets and personal property of an insolvent national bank inthe hands of a receiver appointed by the Comptroller of the Currency, inaccordance with the provision of section 5234 of the Revised Statutes, inlegal contemplation still belong to the bank, though in the hands of thereceiver to be administered under the law. The bank does not cease toexist on appointment of the receiver. Its corporate capacity continuesuntil its affairs are finally wound up and its assets distributed. (Rosenblattvs. Johnston, Chief Justice Waite, United States Supreme Court, October term,1881.)

X. A new receiver may be substituted as plaintiff and appellant in suits begunby his predecessor. (Orson Adams, substituted for George E. Bowden, receiver',vs. Jacob C. Johnson and Betsey Valentine, United States Supreme Court, Octo-ber term, 1882.) This case was appealed from the United States circuitcourt of New Jersey. When the bill was dismissed in the lower court, anew receiver had been appointed. The appeal was taken in the name ofthe old receiver, the new receiver becoming surety on the appeal bond.In the Supreme Court a motion on the part of the appellees to dismiss theappeal on the ground that DO appeal was lawfully taken was denied, anda motion on the part of appellant to substitute new receiver as plaintiffand appellant was granted.

XL Under section 1001 of the Revised Statutes no bond for the prosecution of thesuit, or to answer in damages and costs, is required on writs of error orappeals issuing from or brought to this court by direction of the Comp-troller of the Currency in suits by or against insolvent national banks, orthe receivers thereof. (Pacfiic National Bank vs. George Mixter, United StatesSupreme Court, October term, 1884.)

SET-OFF.I. In an action brought to enfore the individual liabilitiy of a shareholder of

an insolvent bank, such shareholder cannot set off against such liabilitythe amount due to him as a creditor of the bank. (Garrison vs. Howe, 17N. Y.,p. 458 : In re Empire City Bank, 18 N. Y., p. 199.)

[NOTE.—Though these cases were decided by a State tribunal (New Yorkcourt of appeals), and the rulings were based upon provisions of a State con-stitution and a State statute, yet the principle they enunciate is recognizedand fully affirmed in Sawyer vs. Hoag, 17 Wall., p. 610, and Scammon vs.Kirnball,2Otto,2>.*342. See, also, Venango National Bank vs. Taylor, 56 Pa.,i?.14.j

II. A creditor of an insolvent national bank, being such at date of its suspension,may set off the amount of his claim against any claim held by the bankagainst him at the same date ; as, for example, his note, even though suchnote had not then matured. (Berry vs. Brett, 6 Bos. IN. F.], p. 627; NewAmsterdam Savings Bank vs. Gartter,b± How. [P. 22.],j?. 385; Platt, receiver,vs. Bentley, 11 Am. Law Register,p. 171; Hade, receiver, vs. McVay, 31 O. St.,p. 231; same case, Brown's National Bankrupt Cases, p. 353; and see the casescited on p. 357, viz, 56 Maine, 167 ; 1 Paige [N. F.], p. 444 ; 12 Gray IMass.],2>.233.) .

III. Usurious interest paid cannot be set off. (Hade vs. McVay, 31 0. St., p. 231;Barnet YS. National Bank, 98 U. £.,#.555.)

IV. The United States cannot set off an indebtedness to itself from a national bankagainst the surplus proceeds of bonds deposited by said bank as securityfor its circulation. (Cook Co. National Bank, and Aug. H. Burley, receiver ofsaid bank, appellants, vs. United States. U. S. Supreme Court, October term,1882.)

[NOTE.—This was on the grounds that the bonds are a trust, and a trusteecannot set off against the funds held by him in that character, his individ-ual demand against the grantor of the trust.]


REPORT OF THE COMPTROLLER OF THE CURRENCY. 9 7

SHAREHOLDERS.

I. GENERAL RULES.—A person is presumed to be the owner of stock when hisname appears on the books of a company as a stockholder; and when he issued as such the burden of disproving such presumption is cast upon him.(Turnbull vs. Payson, 95 U. S. [5 Otto], p. 418.)

II. Shareholders have no standing in court to interfere for the protection of theircompany until the board of directors has neglected, or refused on appli-cation, to take the proper steps to protect the interests of the company.(Fifth National Bank, <fc. vs. Railroad Co., 2 Thomp. Cases, p. 190.)

III. Shares of stock in a national bank are salable and transferable like otherpersonal property; and the statute recognizes this transferability by au-thorizing each association to prescribe the manner of their transfer. (John-ston vs. Lafflin, 103 TJ. S., per Field, J., on p. 803.)

IV. This power can only go to the extent of prescribing conditions essential to theprotection of the association against fraudulent transfers, or such as aredesigned to evade just responsibility. It must be exercised reasonably.Transfer cannot be clogged with useless restrictions, nor be made depend-ent on the consent of directors or stockholders. (Ibid.)

V. As between the parties to a sale, it is enough that the certificate of stock isdelivered, with authority to the purchaser, or any one he may name, totransfer it on the books of the association, and payment of the price. (Ibid..jp. 804.)

VI. The entry of the transaction on the books of the association is required, notfor the translation of title, but for the protection of parties and othersdealing with the bank, to enable the bank to know who are its stockholders,entitled to vote and receive dividends. It is necessary to protect the selleragainst subsequent liability as stockholder, and perhaps also to protect thepurchaser against proceedings by creditors of the seller. (Ibid., Field, J.fp. 804.)

VII. When a national bank reduces its capital, each shareholder is entitled to areturn of his proportional amount, and the bank cannot retain the fundsas surplus, or for any other purpose; and having refused to permit sharesthus retired to be transferred on its books, the bank is liable for the valueof the shares to the holders. (Seeley vs. New York National Exchange Bank,4 Abb. New Cases, p. 61.)

VIII. INDIVIDUAL LIABILITY OF.—The Comptroller must decide when and for whatamount the personal liability of the shareholders of an insolvent nationalbank shall be enforced. (Kennedy vs. Gibson, 8 Wall., p. 505.)

IX. His decision as to this is conclusive. Shareholders cannot controvert it.(Ibid., p. 505; Casey vs. Galli, 94 U. S. [4 Otto], p. 673; Germunia NationalBank et al. vs. Case, receiver, TJ. S. Supreme Court, 99 Otto, p. 628.)

[NOTE.—These cases are decisive against the ruling in Bowden vs. Morris,1 Hugh., p. 378.]

X. In any suit brought to enforce such personal liability, such decision of theComptroller must be averred by the plaintiff, and, if put in issue, must beproved. (Kennedy vs. Gibson, supra.)

XL The liability of shareholders is several and not joint. (Ibid., p. 505.)XII. The limit of such liabilities is the par value of the stock held by each one,

(Ibid., p. 505.)XIII. Where the whole amount is sought to be recovered, the proceeding must be

at law; where less is required, the proceeding maybe in equity, and insuch case an interlocutory decree may be taken for contribution, and thecase may stand over for the further action of the court, if such actionshould subsequently prove to be necessary, until the full amount of theliability is exhausted. (Ibid., p. 505.)

XIV. In such equity suit, all shareholders within the j urisdiction of the court shouldbe made parties defendant; but it is no defense that those not within thejurisdiction are not joined. (Kennedy vs. Gibson, supra.)

XV. Suits to enforce personal liability of shareholders may properly be broughtbefore other assets are exhausted. (Ibid., pp. 505-6.)

XVI. One Stevens bought shares in a national bank, and caused them to be trans-ferred to one Elston, a porter in the office of his New York broker, and ir-responsible. At the time of the transfer there was no suspicion of the in-solvency of the bank, and it remained in good credit for more than a yearafterward: Held, that Stevens was liable as stockholder upon the failureof the bank. (Davis, receiver, vs. Stevens, 2 Thomp. Cases, p. 158, TJ. S. CircuitCourt Southern District N. Y., per Waite, C. J.)

XVII. Where, before the failure of a bank, stock was transferred on its books tothe name of an irresponsible person, for the purpose of escaping liability,



SHAREHOLDERS—Continued.

and so stood at tbe time of the appointment of a receiver: Held, that thereceiver could show who the real owner was, and that the latter was liablefor the assessment. (Ibid.)

XVIII. RATABLE LIABILITY OF.—Mr. Morse, in his Treatise on Banks, &c, secondedition, p. 50/5, states the law in substance as follows: "The liability ofeach stockholder is precisely for his ratable proportion of that indebtednessof the bank which is to be borne by the shareholders. It is for his shareof such total indebtedness, not for his proportion of each item thereof.Neither are the solvent shareholders, or those who can be come at for col-lection, liable to assessment beyond the proportional amount as abovestated, by reason of the insolvency or inaccessibility of others of the share-holders. Those who are solvent and accessible have not the burden ofpaying off the sum which is due from all together; only their own propor-tionate share." This theory was fully sustained by the United States Su-preme Court in the case of United States vs. Knox, 102 U. S.,p.A22. Seealso the cases there cited. When the holder of shares of national-bankstock has information causing apprehension of its failure, and colludes withand transfers his shares to an irresponsible transferee to avoid liability,the transaction will be deemed to be a fraud on the creditors of the bank,and the transferor will be held to his liability. The transfer is good asbetween the parties, however, and only voidable by election of plaintiff.This case isone of equitable cognizance, and either party may be held liable.(Orson Adams, substituted for George E. Bowden, receiver, vs. Jacob C. Johnsonand Betsey Valentine, U. S. Sup. Court, October term, 1882.)

XIX. LIABILITY OF EXECUTOH, ADMINISTRATOR, AND HEIRS OF.—Where stock-holder died, before failure of bank, stock not having been transferred toname of administrator: Held, that the stock is not to be regarded as hav-ing been at the time of the failure the property of the administrator, insuch a sense as to constitute him a shareholder within the meaning of sec.5152, U. S. Rev. Stat., so as to limit liability of the estate to funds actuallyin the hands of administrator: Held, also, that the provision of the act ex-empting executors, administrators, and trustee from personal liabilitywas not intended to affect the liability to assessments of estates in processof settlement, but only to prevent a personal liability from running againstpersons acting in a trust capacity, who had received the stock for thebenefit of trust estates. (Davis vs. Weed, 44 Conn., p. 569.)

XX. The liability of a stockholder is in the nature of a contract, and as such wasa personal liability, for which his estate was holden at his death. (Davisvs. Weed, supra, citing Hawthorne vs. Calef, 2 Wall., p. 22; Lowry vs. Jamen,46 N. Y., p. 119; Bailey vs. Hollisttr, 26 N. Y., p. 112.)

XXI. LIABILITY OF TRUSTEE OF.—To protect trustee of stock from personal lia-bility it must appear upon the books that he held as sueh trustee. (Davisvs. Essex Baptist Society, 44 Conn., p. 582.)

XXII. Creditors have a right to know who have pledged their personal liability.(Ibid.)

XXIII. If a trustee wishes to disclose his trusteeship, there is no difficulty in givingnotice upon the books of the bank. If he does not do so, he is guilty oflaches, for which others should not suffer. (Ibid.)

XXIV. The settlement of the affairs of an insolvent bank would be rendered a mat-ter of great labor, expense, and delay if persons who appeared upon thebooks of the bank as individual stockholders were permitted to relievethemselves by proof aliunde that they held the stock as executors, guard-ians, or trustees. (Ibid.)

[NOTE.—The last-cited case, and Davis vs. Weed, supra, although re-ported in the Connecticut Reports, were decided by the United StatesDistrict Court.]

XXV. LIABILITY OF TRANSFEREE OF.—The transferee of shares, when such transferis absolute on the books of the bank, is liable to creditors to the amount ofsuch shares, although in fact he holds them as collateral security for aloan to the shareholder who transferred them. (Hale vs. Walker, 3L Iowa,p. 614; Adderly vs. Storm, 6 Hill, p. 624; Van Biker's case, 20 Wend., p. 614;Bowden, receiver, vs. Santos et ah, 1 Hugh., p. 158; Marcy vs. Clark, 17 Mass.,p. 330.)

[NOTE.—In the Banker's Magazine for January, 1875, is a notice of the caseof Mann, receiver, vs. Dr. Cheeseman, decided by Blatchford, J., in the United.States Circuit Court in New York, in which the judge held that until therewas a transfer of shares on the books of the bank, the shareholder whose namethere appeared was liable for the debts of the bank j that an actual sale and




the signing of the ordinary power of attorney on the back of the certificatewill not relieve the seller To the foregoing rulings of State and othersubordinate tribunals may now be added the decision of the Supreme Courtof the United States in Germania Bank et al. vs. Case, receiver, already cited.The Germania National Bank of New Orleans discounted a note for thefirm of Phelps, McCullongh & Co. for $14,000, at ninety days, taking aspart security therefor the pledge of 100 shares of the Crescent City NationalBank stock, with power of attorney to the Germania cashier to transfer,sell, &c, on default in payment) of the note. Phelps, McCullough & Co.failed, and the note was protested at maturity. Prior to the maturity ofthe note, the Crescent City Bank sustained such heavy losses that it wasnotoriously in bad repute in New Orleans; and yet, when the note fell duethe cashier of the Uermania immediately transferred to his own bank, uponthe books of the Crescent City Bank, the 100 shares so pledged. Afterwards,on the same day, he transferred 76 of these shares to one Waldo, a clerk ofthe Germania Bank; and on the day following transferred the remainder tosaid Waldo. It was proved that Waldo paid IK thing, was the mere agentof the Germania Bank, which still owned the 100 shares as security for thepayment of said note, and that one of the principal reasons for the trans-fers to Waldo was the possible liability of the shareholders of the CrescentCity Bank for its debts in case of insolvency. Soon after, the Crescent CityBank failed. Held, per Strong, J., that the transfers to said Waldo werevoid as against said receiver, and that although the Germania Bank onlyheld said shares as collateral security for the payment of said discount, itwas still liable as owner for the assessment in this case ordered by theComptroller. The opinion is able and fortified by numerous authorities.In this same case, at a former term, upon a motion to dismiss the appealsof certain of the appellants, the Supreme Court recognized the right of theComptroller to make an additional assessment, if deemed necessary; andfor this reason sustained the appeals, holding that the matter in disputewas, or might be, over $5,000, although the decrees appealed from were sev-erally less than that amount. The assessment wras for 70 per cent.]

(See, also, Pullman vs. Upton, 96 U. 8. [6 Otto'], p. 328, as to liability oftransferee.)

XXVI. Where a shareholder of a corporation is called upon to respond to a liabilityas such, he is not permitted to deny the existence of such corporation.(B. U. Keyser, receiver, vs. Jane C. Hitz, Supreme Court, D. C, June 26, 1883.)

XXVII. Under married women's act, D. C, where during marriage a married womanacquires bank stock otherwise than from her husband, both her title andliability are absolute. {Ibid.) Where she acquires it from her husband,she holds it with a qualified property in her husband. It is liable, as achose in action, to be reduced to his possession. (Ibid.) Where a woman,holding savings-bank stock acquired by deed or gift from her husband,agrees, with his consent, to convert the stock into national-bank stock, andalthough still holding it subject to his marital rights, she is liable to assess-ment as a stockholder and must pay such assessment from her estate.(Ibid.) If the transfer to her and the subsequent conversion were withouther knowledge, it might be otherwise.

XXVIII. The liability incurred by a holder of national-bank stock is statutory andnot by contract. Being so it attaches, as an incident of ownership, to allwho are capable of such ownership, without reference to any supposed vol-untary assumption by contract, express or implied. Therefore when na-tional-bank stock is held by a feme covert, either in her own right or sub-ject to the marital rights of her husband, the liability to be assessed affectsher alone, and it is not necessary, in an action to enforce collection of anassessment, to join her husband, as would be necessary if it were a com-mon-law obligation or liability of the wife. (Ibid.)

XXIX. PLEDGE TO A NATIONAL BANK OF ITS OWN SHARES AS SECURITY.—Where anational bank made a loan upon the pledge of its own shares and afterwardsold the shares to obtain payment of the loan which exceeded the amountrealized from the shares: Held, that the owner of the shares could not, onthe ground that the statute forbids a national bank to take its own shares,as security, recover from the bank the amount realized upon the sale of theshares. (Supreme Court of the United States. First National Bank vs. Stewart.)

XXX. The Pacific National Bank of Boston was organized in October, 1877, with acapital of $250,000, with the right to increase it to $1,000,000. In Novem-ber, 1879, its capital was raised to $500,000; September 13,1881, the direct-ors voted to increase the capital to $1,000,000." On November 18,1881, thebank suspended. On December 13,1881, the directors voted that as $38,700




of the increase of capital stock had not been paid in, the capital be fixedat $961,300, and the Comptroller of the Currency was notified to that effect,and he notified the bank, under Revised Statutes, section 5205, to pay adeficiency on its capital stock by an assessment of 100 per cent. At theannual meeting the assessment was voted, and on March 18, 1881, withconsent of the Comptroller and the approval of the directors and the exam-iner, the bank resumed businesa, and continued until May 20, 1881, whenit again suspended and was put in the hands of a receiver. Prior to May20, 1882, $742,800 of the voluntary assessment had been paid in. Com-plainant was the owner of 25 shares of stock on September 13, 1881, andafter the vote to increase the stock, took 25 shares, for which he paid$2,500, on October 1, 1881, and received a certificate. He voted for theassessment at the annual meeting, and in February, 1882, paid the assess-ment on the old and new stock, and subsequently sought to enjoin thesuit at law against him by the receiver to enforce his individual liabilityas a stockholder, under Revised Statutes, section 5151, on the ground thatthe increase of capital was illegal and void, and that the voluntary assess-ment under Revised Statutes, section 5205, relieved the stockholders ofindividual liability : Held, that he was not entitled to relief, and the billshould be dismissed. (Morrison vs. Price. Federal Reporter, vol. 23,p. 217.)

SHAREHOLDER'S RIGHT TO SUE.I. In an action by a shareholder of a national bank charging the directors with

misconduct, if the complainant fails to show a demand on the Comptrollerfor and his refusal of a direction to the receiver to bring suit, it is bad, andthe action must fail; though it is said that if the Comptroller,in a propercase, should thus refuse, probably the stockholders could sue, making thebank a proper party. (Brinkerhoffvs. Bostwick, 23 Hun. [N. ¥.], 237.)

[NOTE.—In a suit at law in New Jersey, by one Ackerman, a shareholder,against Halsey, president of the Mechanics7 National Bank, it was, by Mr. Jus-tice Uepue, Held, 1st. That a suit under section 5239 of the national bankact, to enforce the liability of a director for misconduct, should be broughtby the corporation, or, when in the hands of a receiver, by him. 2d. Thatin the event of the improper refusal of the corporation or receiver to sue,one or more shareholders might institute a suit; but in such instances thesuit should be for the benefit of all shareholders, making the bank or re-ceiver a proper party, and, of course, the proceedings should be, not atlaw, but in equity. ]

II. ACTION BY SHAREHOLDERS AGAINST BANK OFFICER FOR MISMANAGEMENT.—An action will not lie by a stockholder in a national bank against thepresident and directors for their neglect and mismanagement of the affairsof the bank, whereby insolvency ensued and the stock became worthless.{New Jersey Supreme Court. Conway vs. Halsey.)

SHARES OF STOCK.I. A national bank whose certificates of stock specify that the shares are trans-

ferable on the books of the bank on surrender of the certificates, and nototherwise, and which suffers a shareholder to transfer without such surren-der, is liable to a bonajide transferee, for value of same stock, who producessuch certificate with usual power of attorney to transfer; and this is sothough no notice had been given to the bank of the transfer. (Bank vs.Lanier, 11 Wall, p. 369.)

II. Shares are quasi negotiable. (Ibid, p. 369.)III. Stock of an incorporated company is chose in action. (B. U. Keyser vs. Jane C.

Hitz, Sup. Court D. C, June 26, 1883.)IV. The creditors of a shareholder in a national bank sued him in the place where

the bank was located, and attached his stock, obtained judgment, sold theshares on execution, and on the sheriff's certificate the bank transferred thestock to purchasers. It appears that a year previous to this action theowner had assigned them to D, with power of attorney to make the trans-fer, and, January, 1869, D assigned them to S for full consideration, powerof attorney, &c. S went to bank to make the transfer. The bank refus-ing, he brought suit and recovered judgment. The judge held that wherethere are no positive provisions of law making transfers without publicnotice void as against attaching creditors, such creditors take their debt-or's property subject to honest and bonajide liens and equitable transfers.(Scott vs. Pequonnock NatH Bank, U. S. Circuit Court, S. D. N. Y.)



SHARES OF STOCK—Continued.

V. ASSIGNMENT OF BANK STOCK NOT TRANSFERRED ON BANK BOOKS.—The by-laws of the Eliot National Bank provided that its stock should be assigna-ble only on the books, and that when the stock was transferred the certifi-cate should be returned and canceled, and a new one issued. The ownerof stock assigned his certificate with power of attorney to the ContinentalNational Bank as collateral security for a loan: Held, that this assignmentto the latter bank was valid against an attachment of the stock by the for-mer bank in an action by it against the owner of the stock. ( United StatesCircuit Court, Mass., May 21, 1881; Continental National Bank vs. Eliot Na-tional Bank.)

VI. The payee and indorser of a negotiable promissory note is liable as maker wherehe knows the maker is a fictitious x>erson; and if he were to be regardedas an indorser, he would be liable on his indorsement without demand ornotice. The sale which section 5201 Rev. Stat. requires a national bankto make of its own stock is real and not fictitious. And where the presi-dent and cashier of a national bank, which is the owner of some of its ownstock, purchase such stock, and execute their note to the bank for the pur-chase money, in a suit against them on the note by the receiver of suchbank they are estopped to set up as a defense that their purchase of thestock was unauthorized, or that their purchase was merely colorable, or toavoid a forfeiture of the bank's charter, or for any other deceptive or ille-gal purpose. The sale by the president of a national bank to himself andthe cashier of the stock of the bank owned by the bank may be ratified bythe bank or its legal representative; but a sale by himself to the bank ofits own stock, where he acts in the double capacity of seller and buyer,cannot be ratified when the purchase of the stock by the bank is not neces-sary to prevent loss upon a debt previously contracted. In the one casethe sale of the stock is enjoined by law, and its sale by the president maybe ratified, however irregular it may have been in the first instance; butthe purchase of its own stock by the bank is interdicted by law, and forthis act there can be no authorization in advance and no ratification after-wards. (Bundy, as Receiver, etc., vs. Jackson. Federal Reporter, vol. 24,p. 628.)

SURPLUS FUND.I. Where the shares of a national bank are assessed for taxation at their par

value, the surplus fund of such bank, in excess of the amount required bylaw to be kept on hand, is taxable. (First National Bank vs. Peterborough,56 N. H., p. 38.) But when such shares are assessed at their market value,and the amount of such surplus is taken into account in estimating suchmarket value, it is iiot taxable. (State vs. City of Newark, 10 Vroom \_N. </.],j>.380.)

II. Neither a dividend which has been declared, nor a portion of capital of a na-tional bank remaining after a reduction has been made, can be retained bythe directors to constitute a surplus fund. (Seeley vs. New York NationalExchange Bank, 4 Abb. [N. Y.~\,p. 61.) ^

III. The surplus fund which a national bank is required, by section 5199, U. S. Re-vised Statutes, to reserve from its net profits, is not excluded in the valua-tion of its shares for taxation. (Str afford National Bank vs. Dover, 2 Thomp.Cases, p. 296, Sup. Court N. H., following National Bank vs. Commonwealth,9 Wall.,p. 353; People vs. Commissioners, 94 U. S., p. 415.)

TAXATION.I. BY LICENSE.—The District of Columbia imposed a license tax on all the na-

tional banks in the District, the rate being 50 cents annually on each $1,000of the capital invested. The Citizens1 National Bank refused to pay thisassessment, and a test case was made in the District criminal court, Mr.Justice MacArthur presiding. This court, after full argument, held the taxillegal and void, as being contrary to the mode of taxation prescribed byCongress, which mode was held to be exclusive. This ruling of JudgeMacArthur is fully sustained by the supreme court of Missouri. (Carthagevs. Carthage National Bank, 71 Mo., 508 ; also by National Bank of Titusvillevs. Cadwell, U. S. Dist. Court, West. List. Pa., Fed. Reporter, XIII, p. 429.)

II. OF INSOLVENT BANKS.—A tax levied upon the property of a national bank,subsequent to its insolvency, is subordinate to the rights of a receiver, eventhough he be appointed after such levy. ( Woodward vs. Ellsworth, 4 Colo.,p. 590.)

(See Title " SURPLUS*FUND," supra.)



TAXATION— Continued.III. OF INTEREST AND DIVIDENDS.—Under the internal-revenue act of July, 1870,

interest paid and dividends declared during the last five months of 1870are taxable, as well as those declared during the year 1871. {Blake vs.National Banks, 23 Wall., p. 307.)

IV. OF SHARES OF STOCK.—The act of 1864, rightly construed, subjects the sharesof tbe association in the hands of shareholders to taxation by the States,under certain limitations set forth in section 41, without regard to the factthat part or the whole of the capital of such association is invested in na-tional securities, which are declared by law exempt from State taxation.( Van Allen vs. Assessors, 3 Wall., 573. Chase, C. J., and other judges dis-sented.)

V. Act thus construed is constitutional. (Ibid.,p. 573.)VI. A certain statute of New York, which taxed shares of national-bank stock, was

declared void, because shares of State banks were not taxed, although theircapital was; the act of Congress prescribing that shares of national banksshall be taxed only as shares of State banks are. (Ibid., p. 573. The rulingas to taxing shares of stock reaffirmed in Bradley vs. People, 4 Wall., p. 459;National Bank vs. Commonwealth, 9 Wall., p. 353.)

VII. In last case, Held, that a State law requiring the cashier to pay the tax wasvalid. Meld, also, that a certain State tax law virtually taxed "shares ofmoneyed corporations," <fcc. (Ibid., p. 353.)

VIII. Section 5219 of United States Revised Statutes applies to and includes aswell the valuation of shares for taxation as the rate of tax to be imposed,and prohibits a State from discriminating, detrimentally to a nationalbank, as to either valuation or rate. Therefore, a statute of the State ofNew York which permitted a party, when being assessed, to deduct hisjust debts from the value of all his personal property, save such as was in-vested in shares of national-bank stock, was held void as to taxation ofsuch shares. (People vs. Weaver, U. S.,p. 539, overruling the judgment ofNew York court of appeals in same cause.)

IX. So in another case, where local assessors valued all other property below itscash worth, but assessed shares of national-bank stock at par or their fullvalue: Held, that the tax upon shares thus assessed ^vas invalid, and that,upon payment of the amount justly assessable, a court of equity wouldenjoin collection of the residue. (Pelton vs. Commercial National Bank ofCleveland, 101 U. S , p. 143.)

X. Where i t appeared that throughout a portion of Ohio, including Lucas County,and perhaps all over the State, a settled rule with the equalizing officerswas to value real estate and ordinary personal property at one-third of theirworth, while moneyed capital was fixed at three-fifths, and the State boardof equalization, without changing the valuation thus made of real estateand ordinary personalty, assessed national bank shares at par: Held, thatsuch unequal valuation was in violation of the constitutional rights of suchshareholders; and, on payment of the tax justly due, equity would enjoincollection of the residue. (Cummings vs. Merchants' National Bank of Toledo,101 U. S.,p. 153.)

XI. Shares of stock in national banks are personal property, and though in onesense incorporeal, the law which created them could separate them fromthe person of their owner for taxation, and give them a situs of their own.(Tappan, collector, vs. Bank, 19 Wall., p. 490.)

XII. S ction 41 did thus separate them and give them a situs of their own. (Ibid.,p. 490.)

XIII. This provision of the national currency act became a law of the property (inshares), and every State in which a bank was located acquired jurisdiction,for taxation, of all the shares, whether owned by residents or non-residents,and power to legislate accordingly. (Ibid., p. 490.)

XIV. Under the act of Congress of February 10, 1868, enacting that each State leg-islature may direct the manner of taxing all shares of stock of nationalbanks located within the State, subject to the restriction that the taxationshall not be greater than the rate assessed upon other moneyed capital in thehands of individual citizens of such State, and of a certain act of the legis-lature of Pennsylvania, which provides that such shares shall be assessedfor school, municipal, and local purposes at the same rate as is now or mayhereafter be assessed and imposed upon other moneyed capital in the handsof individual citizens of the State : Held, that shares of national-bank stockmay be valued for taxation for county, school, municipal, and local pur-poses at an amount above their par value. (Hepburn vs. School Directors ofthe Borough of Carlisle, 23 Wall, p. 480.)

[NOTE.—In this case it appeared that Hepburn owned several thousanddollars of national-bank stock, the par value of which was $100 per share,Digitized for FRASER



TAXATION—Continued.

XV.

and that it was valued for taxation, for a school tax, at $150 per share.This assessment was held valid, notwithstanding that by a certain act ofthe State legislature, applicable to the county of Cumberland, in which theborough of Carlisle was situated, certain specitied kinds of moneyed obli-gations were exempt from taxation except for State purposes. ]

sho

XVI.

The rate of taxation of shares of a national bank by a State should be thesame as, or not greater than, that upon the moneyed capital of the indi-vidual citizen which is liable to taxation ; that is, no greater in proportionor percentage of tax on the valuation of shares should be levied than uponother moneyed taxable capital in the hands of the citizen. (People vs. TheCommissioners,'(f'c, 4 Wall., p. 256.)

The act of Congress approved June 3,1864 (R. S., sec. 5219), was not intendedto curtail the power of the States on the subject of taxation, or to prohibitthe exemption of particular kinds of property, but to protect the corpora-tions formed under its authority from unfriendly discrimination by theStates in the exercise of their taxing power. (Adams vs. Nashville, 95 U.S. [5 Otto'], p. 19. See also, Saint Louis National Bank, National Bank ofthe State of Missouri, Third National Bank, Valley National Bank, and Mer-chants'' National Bank of Saint Louis vs. Papin, in United States circuit court,eastern district of Missouri, September term, 1876. Also, Gallatin NationalBank of New York vs. Commissioners of Taxes, supreme court of New York,first department, general term, November, 1876. These latter cases are pub-lished in the Bankers7 Magazine for December, 1876.)

XVII. OF TOWN AND CITY NOTES, ETC.—Section 3441, U. S. Revised Statutes, whichenacts that every national bank, State bank, or banker, or association shallpay a tax of ten per centum on the amount of notes of any town, city, ormunicipal corporation paid out by them, imposes the taxes thus laid not onthe notes, but on their use as a circulating medium, and is therefore constitu-tional. (National Bank vs. United States, 101 U. S., p. 1.)

XVIII. When by a State statute the citizen may have the amount of his indebted-ness deducted from the total value of his personal property, thus ascertain-ing the amount of bis personal estate subject to taxation, and a subsequentstatute relating to taxation of bank shares makes no provision for such de-duction, the latter statute is nevertheless the valid rule for assessing suchshares in all instances where there are no debts to be deducted. That thelatter statute does not authorize a deduction for debts does not invalidateit, except as to that distinct and separable principle.

Under such statutes assessments of bank shares where there are no debts todeduct are valid. Even in cases of assessments where debts exist, whichshould be deducted, but are not, the assessments are avoidable only, notvoid. (Supervisors of Albany vs. Stanley, U. S. Supreme Court, April, 1882.Fed. Reporter, Vol. XII, p. 82.)

Johnston vs. U. S. Court of Claims, December 1, 1881. Under section 22 of theact of March 3, 1869, relative to abatement of taxes versus insolvent na-tional banks, semi-annual taxes are expected to come out of profits of thebank, and, thus reducing dividends, they are a tax on the proprietors of theinsti.ution, not on the depositors. (Court of Claims Reports, Vol. 17, 158.)

XXI. In the two following cases, one in California and one in Alabama, it wasdecided in each instance that the particular form of discrimination underthe laws and regulations of the Stato was contrary to the Federal law per-mitting the taxation of national-bank shares by States. (Pollard vs. Zuberf65 Ala., 635, Miller vs. Heilbrun, 58 Cal., 133.) '

XXII. The former decisions of this court do not sustain the proposition that national-bank shares may be subjected, under the authority of the state, to localtaxation, where a very material part, relatively, of other moneyed capitalin hands of individual citizens within the same jurisdiction, or taxingdistrict, is exempted from such taxation. While exact uniformity or equal-ity of taxation cannot be expected under any system, capital invested innational-bank shares was intended by Congress to be placed upon the samefooting of substantial equality in respect of taxation by State authority asthe State establishes for other moneyed capital in the hands of individualcitizens, however invested, whether in state bank shares or otherwise.(Boyer Y8.*Boyer, V. S. Supreme Court, Bankers' Magazine, June 1885, p. 934.)

TRANSFERS OF ASSETS.

I. A preference of one creditor to another, within the meaning of section 5242Revised Statutes, is a preference given by the bank to secure or pay a preexisting debt. Where a person, knowing that a national bank is embar

XIX.

XX.



TRANSFERS OF ASSETS—Continued.

rassed, makes to it a loan, taking as security therefor a pledge of part ofthe assets of the bank, this transfer does not give him the preference pro-hibited by tbe statute. (Casey vs. Le Societe de Credit Mobilier, 2 Woodstp. 77.)

II. WHEN NOT BINDING.—Under said section 5242, which declares void transfer*of its property by a national bank, made in contemplation of insolvency,and with a view to give a preference to one creditor over another, or witha view to prevent the application of the assets of the bank in the mannerprescribed by law, such a transfer is void if the insolvency is in the con-templation of the banl^ making the transfer, although the party to whomit is made does not know or contemplate the insolvency of the bank. (Case,Receiver, vs. Citizens1 Bank, 2 Woods, p. 23.)

III. As to when & pledge of assets, even when intended as security for. a loan to anational bank, will be held invalid as against general creditors, see thecases of Casey, Receiver, vs. Le Societe de Credit Mobilier; Same vs. NationalParlc Bank; Same vs. Schuchardt, 96 U. S. [6 Otto^pp. 467, 492, 494.

IV. After a vote of the directors to close their bank and go into liquidation, anytransfer of the assets of the bank to a creditor, whereby that creditor secures*a preference, will be presumed to be made with a fraudulent intent. (Na-tional Security Bank vs. Price, Receiver, Federal Reporter, Vol. 22, p. 697.)

Y. The Pacific National Bank of Boston suspended November 18, 1881, but afterexamination resumed March 18, 1882, with the consent of the Comptrollerof the Currency, and continued to transact business until May 22, 1882,when it again failed. Between March 24, 1882, and April 28, 1882, certaincreditors, whose claims had been disputed aud placed in a suspense account,,attached the property of the bank, whereupon the bank gave bond withthe president and a director as sureties, and the attachments were dissolved.The bank transferred to the sureties, March 22, 1882, a certificate of depositfor |100,000 on another bank, which, on April 13, 1882, was exchanged forother property. Held, that such transfer was not made after the commissionof an act of insolvency by the bank, or in contemplation thereof, and witha view to a preference or to prevent the application of the assets as pre-scribed by the banking act. (Price, Receiver, vs. Coleman and others, FederalReporter, Vol. 22, p. 694.)

VI. A bank is in contemplation of insolvency when the fact becomes reasonablyapparent to its officers that the concern will presently be uuable to meetits obligations, and will be obliged to suspend its ordinary operations. Theintent to give a preference is presumed when a payment is made to a cred-itor by a bank whose officers know of its insolvency, and therefore that itcannot pay all of its creditors in full. Where property is transferred by abank to a creditor to avoid paying him the amount due him, and thus post-pone the failure of the bank, it is none the less fraudulent and void. Onrehearing, former opiuion (23 Fed. Rep. 311) is overruled, and transfer heldfraudulent and set aside. (Roberts, Receiver, etc., vs. Hill, AdmW, etc., Fede-ral Reporter, Vol. 24, p. 571.)

TRUSTEES, ETC.I. A trustee transferred sureties to the Merchants' Bank of Boston as collateral

for money advanced and lost in speculation. The Massachusetts supremecourt compelled the bank to restore the collateral, some $40,000, to theplaintiff, a lady, on the ground that the stocks and bonds were transferredunder such circumstances as to put the bank on inquiry.

ULTRA VIRES.I. WHAT IS.—National banks cannot sell railroad bonds for third parties on com-

mission, or engage in business of that character. (Susan Weckler vs. First .National Bank of Hagerstown, Court of Appeals of Maryland, 42 Md., p. 581.)

II. In an action of deceit against a national bank, for alleged false representa-tions of its teller in the sale to plaintiff of certain railroad bonds: Held,that the selling of such bonds on commiHsion was not within the authorizedbusiness of a national bank, and being thus beyond the scope of its cor-porate powers, the defense of ultra vires was open to it, and it was not re-sponsible for the deceit of its teller. (Ibid.)

III. A national bank has no inherent power to act as age*nt in the purchase ofbonds or stocks for third persons, and its president cannot bind it by anagreement so to act without special authority. (First National Bank ofAllentown vs. Hoch, 89, Penn., p. 324.) Quere: If the bank has no such in-herent power, how can it confer uspecial authority" on the president?

[NOTE.—Whether the purchase of promissory notes by a bank empoweredto discount them is ultra vires, is a question upon which the adjudication*Digitized for FRASER



ULTRA VIRES—Continued.

are in conflict. That such purchase is valid, see Pape vs. Capital Bank ofTopeka, 20 Kans., p. 440; Smith vs. Exchange Bank, 26 0., p. 141, $c. Percontra, see Farmers and Mechanics' Bank vs. Baldwin, 23 Minn., p. 198; FirstNational Bank of Rochester vs. Pierson, 1 Thomp. Cases, p. 673. There ismuch in the point that if a national bank can purchase promissory notes, itcan do so for such price as the seller may be willing to take; and thus theprohibitions as to usury may be practically nullified. But further, whyshould not the rule a expressio unius est exclusio alterius" control? In Na-tional Bank vs. Johnson, 104 U. S. 271, the United States Supreme Courtheld that a national bank may purchase business paper (promissory notes)when the transaction amounts in law to a discount, but expressly leaves un-decided the question whether such bank can buy such paper "indorsedwithout recourse," or transferred by delivery only. (See the closing para-graph of opinion.)]

IV. WHAT IS NOT.—A national bank took a lien upon real estate to secure a pre-existing debt. Afterward the bank paid $500 to discharge a prior lien uponthe land, taking a note and mortgage on laud in Kansas to secure this ad-vance. Lien and mortgage held valid and warranted bylaw. (Ornn vs.Merchants1 National Bank, 16 Kans.,p. 341.)

V. A chattel mortgage taken by a national bank to secure a pre-existing debt isvalid, and will be enforced. (Spofford vs. First National Bank, 37 Iowa, p.181.)

VI. A bank organized under the national bank act has power to sell any im-movable it may own, and may reserve a mortgage and vendor's privilege(lien) thereon. (New Orleans National Bank vs. Raymond, 29 La. Annual, p.355.)

VII. It would seem that where a national bank had realized the considerationagreed upon for its guarantee of the paper of another, the doctrine ofestoppel in pais precludes such bank from asserting that such guarantee is-ultra vires. (People's Bank vs. National Bank, 101 U. S., p. 181.)

VIII. A national bank has corporate power to enter into an agreement with a cus-tomer to exchange for him non-registered for registered United States,bonds; and it is bound by an agreement to that effect, made for a sufficientconsideration by its cashier. (Yerkes vs. National Bank, 69 N. Y., p. 382.)

(See, also, Title "DEPOSITS, SPECIAL," ante.)IX. A township in Vermont issued its bonds with interest coupons attached.

Each coupon contained an express promise to pay, &c. A national bankbought of these bonds, and sued the township in assumpsit, on unpaid cou-pons : Held, that the action was in due form, and that a national bank couldlegally buy, hold, and sue upon such bonds and upon the coupons. (NorthBennington Bank vs. Bennington,16 Blatchf.,p,h3.)

USURY.I. State laws relative to usury do not apply to national banks. (Farmers and

Mechanics7 National Bank vs. Dearing, 1 Otto, p. 29.)II. The only forfeiture declared by the 30th section of the act of June 3, 1864

(Revised Statutes, section 5198) is of the entire interest which the note orbill carries with it, or which has been agreed to be paid thereon, when therate knowingly reserved or charged by a national bank is in excess of thatallowed by that section ; and no loss of the entire debt is incurred by suchbank as a penalty or otherwise, by reason of the provision of the usury lawof a State. (Farmers and Mechanics7 National Bank vs. Bearing, above cited;National Exchange Bank vs. Moore. 2 Bond, p. 170; Barnett vs. National Bank,98 U. S. [8 Otto}, p. 555.)

III. If usurious interest has been paid to a national bank, twice the amount ofinterest thus paid may be recovered from such bank by the person payingthe same, or his legal representative; but as this provision of the statute ispenal and the same statute prescribes how such recovery may be had, noother remedy can be resorted to. It must be recovered, if at all, iu a suitin the nature of an action of debt. That the borrower from a nationalbank has paid usurious interest can avail him nothing, as a defense, or byway of a set-off, when sued for the amount of the loan by the bauk. (Bar-nett vs. National Bank, above cited.)

(See Title "INTEREST," ante.)IV. While the national bank act prescribes penalties for usury, it does not make

the contract (e.g. contract of indorser) void; and for the court so to decidewould be to add a penalty not imposed by the statute. This the court willnot do. (Oates vs. First National Bank of Montgomery, 100 U. S., p. 239.)



USURY—Continued.V. The assignee in bankruptcy of a borrower from a national bank may sue for

and recover the penalty for having received usurious interest. ( Wright vs.First National Bank of Greensburg, 2 Thomp. Cases, p. 138, U. S. Cir. Court,Indiana.)

VI. The exacting of usurious interest by a national bank, upon the diseount of anote, works a forfeiture of interest accruing after, as well as before, thematurity of the note. (National Bank of Uniontown vs. Stauffer, 2 Thomp.Cases, p. 178, U. S. Cir. Court, Western District Penn.)

VII. There are no State banks of issue in this State entitled to receive more thansix per cent, interest, consequently national banks cannot contract for orreceive a higher rate than six per cent. Where money is recoverable undera statute that makes no provision for interest none can be recovered.(Supreme Court of Pennsylvania, Columbia National Bank vs. Bletz.)

A person who procures the discount by a national bank of promissory notesof others, held by him, he indorsing the same, at an unlawful rate of inter-est, may maintain an action to recover back from the bank twice the amountof such interest, under the provisions of the United States Revised Statutes,section 5198, giving the right to such an action, and this, notwithstandingthe transaction, would not, under the law of the State where the bank islocated, be usurious if between private persons. (United States SupremeCourt, December 12, 1881. National Bank of Gloversville vs. Johnson.)

VIII. Th« provision of the national banking act against usury will be enforcedin favor of the original borrower, or any one who, for a good cause, repre-sents his interest. The bank will be allowed to set off the penalty by ex-penses of exchange, and by any just debt against the original borrower.State laws not applicable. (Barrett vs. Shtlbyville National Bank, Banker'sMagazine, Vol. 40, p. 212.)

IX. The Federal statute provides the only remedy, and that by way of penalty,against a national bank for the taking of usury; thus the plaintiff hadbrought a suit in the United States court to recover the penalty prescribedby the said statute, and had obtained a judgment. Held, that he couldnot thereafter maintain an action of assumpsit in a State court to recoverthe excess above the legal interest paid to the bank. (Phillips Hill vs. Na-tional Bank of Barre; Vermont Supreme Court, Banker's Magazine, April, 1885,p. 775.)

VlSITORIAL POWERS.

I, Section 5241 U. S. Rev. Stats, prohibits a State court from compelling officersof a national bank to produce the bank books for the purpose of ascertain-ing facts upon which to impose a State tax upon the deposits of depositors.(National Bank of Youngstoivn vs. Hughes, Auditor, $"c, 2 Thomp. Cases, p.176, U. S. Cir. Court, N. Dist. Ohio.)



Table showing by States the number and capital of national banks, the corporate existenceof which was extended prior to November 1. 1885.

State.

AlabamaColoradoConnecticutDelawareDistrict of Columbia.'GeorgiaIllinoisIndianaIowa"KansasKentucky.LouisianaMaineMarylandMassachusettsMichiganMinnesotaMissouri

21

731121

4632232

101

5329

1991968

Capital.

$350, 000200, 000

22, 450, 8201,503, 185

500, 000150, 000

6, 090, 0004,157, 0002, 545, 000

200, 0002, 950, 000

300, 0008, 630, 000

12, 069, 96085, 712, 500

1, 575, 0002, 100,0003, 150, 000

State.

NebraskaNew HampshireNew JerseyNew York*North CarolinaOhio.... :OregonPennsylvania.Rhode IslandTennesseeTexasVermontVirginiaWest VirginiaWisconsin

No. of Ibanks. Capital .

Total 1,199

23448

2211

821

16359

41

287

1119

$250, 0004, 455, 0009, 783, 350

72, 572, 460300, 000

14, 854, 000250, 000

43, 779, 39019, 959, 8001,150, 000

300, 0005,156, 0001, 416, 0001, 341, 0001, 685, 000

331, 885, 465

National banks whose corporate existence will expire during the year 1836, with the date ofthe expiration, the amount of capital stock of each bank, the United States bonds on depositwith the Treasurer, and the amount of circulation issued thereon.

No. Title of bank.

16381635

164216441639164016491648

1652

1651166116561657166416621663

16721666

The Northfield National BankThe Shenandoah Valley National Bank ot

Winchester.The National Bank of Texas, GalvestonThe First National Bank of HoustonThe National Bank of AthensThe Merchants'National Bank of Savannah

! The First National Bank of HelenaThe Merchants1 National Bank of Little

Rock.j The Rocky Mountain National Bank of

Central City.The Colorado National Bank of DenverThe First National Bunk of Fort DodgeThe First Nation d Bank of WilmingtonThe San Antonio National BankThe National Bank of LebanonThe Ridgely National Bank of Springfield...The Pennsylvania National Bank of Potts-

ville.The First National Bank of AtchisonThe Cleveland National Bank

22, 50031, 50072, 00054, 45090, 000180, 000

180,00045, 00045, 00045, 00011,25045, 000180, 000


1 0 8 REPORT OF THE COMPTROLLER OF THE CURRENCY.

Number of hanks organized and in operation, with their capital, bonds on deposit, and circu-lation issued, redeemed, and outstanding on November 1, 1885.

States and Ter-ritories.

MaineNew HampshireVermontMassachusetts.Rhode Island..Connecticut . . .

Eastern States

New YorkNew JerseyPennsylvania..DelawareMarylandDist! Columbia.

Middle States

VirginiaWest Virginia.North Carolina.South Carolina.GeorgiaFloridaAlabamaMississippiLouisianaTexasArkansasKentuckyTennessee

Southern States

MissouriOhioIndianaIllinoisMichiganWisconsinIowaMinnesotaKansasNebraska

WesternStates

NevadaOregonColorado...UtahIdahoMontanaWyomingNew Mexico . . .DakotaWashington .. .ArizonaCalifornia

Pacific Statesand Territ'es

Add for muti-lated notes...

Total currencybanks

Add gold banks.

United States

Banks.

Organ-ized.

.815461

2626494

616

41582

332164711

903

37261814236

138

13718

8147

365

6727914722413879

167669380

1,340

2123494

2058

48173

20

182

3,406

3,406

Inliqui-da-

tion.

105

1413

310

55

981047

35

163

1353

6132432

1315

70

2576575936304117183

362

1

9"3

5

3233

29

679

679

Inopera-tion.

714947

2496184

561

31772

2851644

. 6

740

24211514175

1069

686

6832

295

4220390

16510249

126497577

978

11225

64

1558

4515

17

153

2,727

2,727

Capitalstock paid

in.

$10, 260, 0006,155, 0007, 541, 000

97,251,80020, 340, 05024, 921, 820

166, 469, 670

83, 039, 76012, 728, 35061,261,1402, 033, 985

14, 429, 9601, 377, 000

174, 870,195

3, 996, 3002, 111, 0002,126, 0001, 936, 2002, 686, 000

300, 0001, 825, 000

475, 0003, 625, 0006, 895, 900

705, 00013, 300, 4005, 007, 500

44, 989, 300

6, 631, 00036, 804, 00012, 249, 50025, 362, 60013,110, 9004, 485, 000

10,145, 00011, 363, 7005,157, 1006, 210, 000

131, 518, 800

75, 000935, 000

2,135,000800,000250, 000

1, 835, 000800, 000650, 000

2, 695, 0001, 005, 000

3, 850, 000

15, 030, 000

532, 877, 965

532, 877, 965

U. S. bondson deposit.

$8, 724, 2505, 980, 8005, 744, 900

64, 278, 25013, 058, 30018, 009, 750

115,796,250

41, 907, 8009, 702, 850

42,420,0001, 884, 2007, 791, 9501, 060, 000

104, 766, 800

2, 592, 2001, 337, 5001, 097, 0001, 216, 3501, 742, 000

147, 5001, 067, 500

175, 0002, 225, 0001, 955, 500

360, 0008, 894, 0002, 482, 000

25, 291, 550

1, 708, 85022,123, 5507, 767, 3008, 234, 2504, 205, 5002, 235, 7504, 036, 0002, 385, 9001, 779, 8002,102, 500

56, 579, 400

39, 000499, 900

1, 090, 000437, 500

67, 800439, 350192, 500442, 500819, 000260, 000

1, 643, 000

5, 930, 550

308, 364, 550

308, 364, 550

Circulation.

Issued.

$31, 878, 55020, 066, 65528, 262,130

273,780,31557, 989, 80575, 385, 840

487, 363, 295

249, 088, 68544, 953, 880

171, 822,1555, 708, 885

34, 270, 7804, 603, 500

510, 447, 885

10,919,1306, 771, 9905, 850, 2405,016,2757,176, 700

221,4104, 255, 670

268, 8909, 507, 2604, 447, 6601, 032, 750

31,617,3559, 917, 210

97, 002, 540

15, 316,16590, 303, 98047, 780, 85546, 484, 88525, 439, 62011, 320, 01019, 691, 15010, 442, 950

5, 099, 2604, 413,120

Redeemed.

$23, 344, 95314, 722, 09622,515,651

211, 975, 69844, 808, 04858, 706, 730

376, 073,176

204, 899, 70335, 603, 693

129,167, 3204,120,145

26,125, 2313, 734, 771

403, 650, 863

8, 509, 4625, 317, 8674, 620,1903, 946, 9305, 407, 011

110, 2603,174, 947

107,5997,038,1182, 475, 301

678, 600- 22, 007,444

7, 415, 111

70, 808, 840

12, 646, 83465,821,26938, 230, 73337, 383, 69619, 900, 3088, 761, 987

14, 835, 7628, 127, 5773, 396, 9892, 453, 065

276,291,995 | 211,558,220

198, 5201, 006,1903, 653, 3601, 343, 750

345,4301, 365, 560

358, 7401, 223, 8901, 354,180

754,18065, 790

2, 359,130

14, 028, 720

1, 385,134, 4353, 465, 240

1, 388, 599, 675

168,418577, 430

2, 494, 857912, 301259, 674890, 446217, 000833, 767590, 915269, 970

29, 910903,830

8,148, 518

1, 070, 239, 6173, 080, 971

*Outstand-ing.

$8, 533, 5975, 344, 5595, 746,479

61, 804, 61713,181, 75716, 679,110

111, 290,119

44,188,9829, 350,187

42, 654, 8351, 588, 7408,145, 549

868, 729

106, 797, 022

2, 409, 6681, 454,1231, 230, 0501, 069, 3451, 769, 689

111,1501, 080, 723

161, 2912,469,1421, 972, 359

354, 1509, 609, 9112, 502, 099

26,193, 700

2, 669, 33124, 482, 7119, 550,1229,101,1895, 539, 3122, 558, 0234, 855, 3882, 315, 3731, 702, 2711, 960, 055

64, 733, 775

30,102428, 760

1,158, 503431, 449

85, 756475,114141, 740390,123763, 265484, 210

35, 8801, 455, 300

5, 880, 202

568, 081

314, 894, 818384, 269

1, 073, 320, 588 315, 847,168

* Including $39,542,979 for which lawful money has been deposited with the Treasurer of the UnitedStates to retire an equal amount of circulation which has not been presented for redemption.



Number and denominations of national-bank notes issued and redeemed, and the number ofeach denomination outstanding, on November 1 in each year, from 1873 to 1885.

1873.IssuedRedeemed..

15, 524,189 5,195, 111 34, 894,456 12, 560, 399

Outstanding.

1S74.Issued . . . .Redeemed..

16, 548, 259 5, 539,113 39, 243,136 13, 337, 07611,143, 606 3, 555, 019 13, 041, 605

Outstanding.

1875.IssuedRedeemed

Outstanding.

1876.IssuedRedeemed

Ones. Twos.

9, 891, 606 3,120, 723

5, 632, 583 2, 074, 3«8 25, 752, 493

5, 404, 653jl, 984, 094 26, 201, 531

14, 092,12614, 616, 623 24, 926, 771

3, 954, 050 1,423,129 22,128, 413

Fives.

9,141, 963

18, 046,176 6, 039, 752 47, 055,184 17, 410, 507

18, 849, 264i6, 307, 448 51, 783, 528 20, 008, 652_ _ — _ . i _ . . . - - e , - ~ — — ---i

15, 556, 70815,124, 546 32, 382, 056 10, 369, 214; 3, 052, 246

3, 292, 556 1,182, 902 19, 401, 472Outstanding.

1877.Issued 20, 616, 024 6, 896, 968 56, 816, 848 22, 266, 064Redeemed . . ' . " ' . . 16, 815̂ 568J5, 555* 526 38,115, 868 12, 434, 779 3̂ 703̂ 528

Outstanding.! 3, 800, 456 1, 341, 442

1878.Issued 22, 478, 415 7, 517, 765 61,191, 288 24,157, 293| 7, 344,167 1,147, 578Redeemed. 18,194,196;6, 026, 692 42, 683, 433 13, 859,149 4,133,178

Outstanding.

1879.IssuedRedeemed

Outstanding.

4, 284, 219 1, 491, 073

23,167, 677 7, 747, 519 65, 578, 440 25, 904, 223; 7, 869, 951

Redeemed.

Outstanding .

1881.IssuedRedeemed

Outstanding .

1882.Issued

2, 292, 462

23,167, 677 7, 747, 519

18,700,980

19, 600, 477 6, 501, 270 45, 996, 076 14, 930, 599 4, 437, 343

3, 567, 200 1, 246, 249 19, 582, 364 10, 973, 624: 3, 432, 608

Tens. Twenties.

2, 573, 070

9, 987, 329

3, 912, 707

9, 424, 369

3, 608,219653, 071

2, 955,148

3, 962,1091,171, 6 ~

2, 790, 501

5, 296, 0647,608,532 2,204,464

9, 801, 975 3, 091, 600

6, 086, 492

9, 639, 438 3, 034, 246

9, 831, 2851 3, 072, 725

18, 507, 855 10, 298,144! 3, 210, 989

Fifties.Onehun-

dreds.

559,7221 416,590168, 976; 144, 057

390, 746 272, 533

666,950: 492,482231, 556 196, 572

Fivehun-

dreds.

16, 4969,658

6,838

17,34411, 676

435, 394

884,165381,037

503,128

985, 615515, 784

295,910 5,

645, 838j 18, 476299, 428

346, 410

710, 900395, 785

469, 831 315,115

6, 776, 253 1, 079, 7811 767, 317634, 67y

445,102

728, 222

419, 356

1, 211, 761785, 263

426, 498

loau. IIssued 23,167, 677 7, 747, 519 69,131, 976 27, 203,168; 8, 266, 398 1, 253, 865" " " 20, 875, 215 6,943, 889 49,149, 824I15. 821, l io | 4,684, 820l 825,499

803, 630 19, 982,152J11, 382, 058! 3, 581, 578; 428, 366

73, 612, 504;29, 477, 519 8, 940, 817|l, 357, 57421, 838, 565 7, 286,434153, 516, 488;17, 346, 635! 5, 084, 992J 891, 890

1, 329,112 461, 085 20, 096, 016 12, 130, 884

23,167, 677 7, 747, 519 78, 697, 424 32, 042, 260

3,855,825 465,684

9, 751, 784! 1, 453, 324 1, 035,118Redeemed - . . 122, 353, 877J7, 484,140;59, 313, 233 19, 770, 934j 5, 751, 707! 980,182

479, 317

288, 000

812, 903541, 859

271, 044

850, 720581, 604

14, 471

4,005

18, 72116, 217

2,504

20, 02217, 615

2,407

20, 21018, 895

1,315

20, 57019, 287

9,1161 1, 283

879, 490610, 601

20, 76319,484

268, 889 1, 279

959, 712660, 202

21, 95920, 495

Onethou-sands.

299, 510| 1, 464

719,130

1883.IssuedRedeemed..

23,167, 6777, 747, 519 83, 447, 208 34, 544, 086:10, 578, 8461, 556, 009 1,114, 72222, 593, 909 7, 570, 903;65,142, 56722, 712, 355j 6, 424, 638 1, 090, 703; 789,125

Outstanding.

1884.IssuedRedeemed

Outstanding .

1885.IssuedRedeemed

Outstanding.

Outs tanding, i 813, 800 263, 379,19, 384,19112, 271, 326 4, 000, 077; 473, 142; 315, 988

573, 7U8; 176, 616;18, 304, 641 11, 831, 731 4,154, 208

23,167, 677 7, 747, 51988,101,188;37,182,102 11, 442, 0911, 661, 0101,199, 75022, 671, 936 7, 603, 285J71, 039, 357)26, 050,107J 7, 481, 762 1, 216, 573; 874, 543

495, 741 144, 234117, 061, 831! 11,131, 995

23,167, 677J7, 747, 51993, 208, 400 39, 804, 001 12, 318,173 1, 758, 533 1, 287, 68622, 731 963;7, 628, 877;76, 817, 066|29, 382, 872

435, 714 118, 64216, 391, 334110, 421,129

3, 960, 329

8, 563, 79<

3, 754, 376

465, 306! 325, 597

444, 437, 325, 207

22, 78720, 880

5,1484,530

618

5,2404,683

557

5,5305,048

482

5,5395,272

267

5,6685,411

257

6,2045,900

304

6,3406,057

283

6,3636,124

239

7,1446,943

201

7,1876,990

1, 907J 197

23,163 7, 27721, 367[ 7, 092

1,796 185

23, 736 7, 36921, 981

1,755

1, 345, 762

412, 771

23, 924971, 922 22, 727

315, 764 1,197

7,156

213

7,3697,238

131



Table showing the losses that would have been incurred by the holders of notes of insolventof the respective banks, giving results if the issue of such unsecured notes had

Name and location of bank.I3

Percentage of circulation andamount of losa.

IIIIII3"c 3-«

First National Bank of Attica, IN\ TYenan go National Bank of Franklin, Pa..Merchants' National Bank of Washing-

ton, D. C .'First National Bank of Medina, N. TTennessee National Bank of Memphis,

TennFirst National Bank of Selma, AlaFirst National Bank of New Orleans, La..National Unadilla Bank, TJnadilla, N. Y..Farmers and Citizens' National Bank of

Brooklyn, N. T ,Croton National Bank of New York,N.T..First National Bank of Bethel, ConnFirst National Bank of Keokuk. Iowa...National Bank of Vioksburg, MissFirst National Bank of Rock ford, 111....First National Bank of Nevada, Austin,

NevOcean National Bank of New York, N. Y.Union Square National Bank of New

York.N.YEighth National Bank of N"ew York, N. Y.Fourth National Bank of Philadelphia,Pa.Waverly National Bank of Waverly.N.Y.First National Bank of Fort Smith, ArkScandinavian National Bank of Chicago,

111Wallkill National Bank of Middletown,

N. YCrescent City National Bank of New

Orleans, LaAtlantic National Bank of New York,N.YFirst National Bank of Washington, D.C.National Bank of the Commonwealth,

New York, N. YMerchants'National Bank of Petersburg,

YaFirst National Bank of Petersburg, Ya..First National Bank of Mansfield, Ohio..New Orleans National Banking Associa-

tion, New Orleans, LaFirst National Bank of Carlisle, PaFirst National Bank of Anderson, Ind ..First National Bank of Topeka, Kans...First National Bank of Norfolk, YaGibson County National Bank of Prince-

ton, IndFirst National Bank of Utah, Salt Lake

City,UtahCook County National Bank of Chicago,

First National Bank of Tiffin, OhioCharlottesville National Bank of Char-

lottesville, YaMiners' National Bank of Georgetown,

ColoFourth National Bank of Chicago, 111....First National Bank of Bedford, Iowa...First National Bank of Osceola, Iowa .. -First National Bank of Duluth, Minn ...First National Bank of La Crosse, Wis..City National Bank of Chicago, [11Watkina National Bank of Watkins,

N.YFirst National Bank of Wichita, Kans ..First National Bank of Greenfield, Ohio.National Bank of Fishkill, Fishkill, N.Y.First National Bank of Franklin, Ind ...Northumberland County National Bank

of Shamokin, Pa

$70,811101, 386

165,76932, 305

65, 335132,539884, 66358, 661

1,138, 871143, 30786, 738

134, 92916, 65429, 278

163, 9821, 332, 473

175, 920263, 059342, 946111,06821,642

124, 587

175, 429

552, 308665.180

1, 372, 406

1, 024, 597

261,128125, 668102, 775

862.18146, 63457, 00531, 286101, 546

62, 647

19, 003

268, 699108, 318

224, 338

135, 79717, 90012, 62534, 53692, 88265, 846

516, 294

67, 08259, 6099, 456

388, 856182, 251

136, 475

$50, 000300, 000

200, 00050,000

100, 000100, 000500, 000120, 000

300, 000200, 00060, 000

100, 00050, 00050, 000

250, 0001, 000, 000

200, 000250, .000200, 000106,10050, 000

250, 000

175,000

500, 000300, 000500, 000

750, 000

400, 000200, 000100, 000

600, 00050, 00050, 000100, 000

100, 000

50, 000

150, 000500, 000100,000

200, 000

150, 000200, 00030,00050, 000100,00050, 000250, 000

75, 00060, 00050, 000

200, 000132,000

67, 000

$45, 000270, 000

180,00045, 000

90, 00090, 000

450, 000108, 000

270, 000180, 00054, 00090, 00045, 00045, 000

225, 000900, 000

180, 000225, 000180, 00095, 40045,000

225, 000

157, 500

450, 000270, 000450, 000

675, 000

360, 000180, 00090, 000

540, 00045, 00045, 00090, 00090, 000

45, 000

135, 000

450, 00090, 000

180, 000

135, 000180, 00027, 00045, 00090, 00045, 000225, 000

67, 50054, 00045, 000180, 000118, 800

60, 300

$168, 614

14, 23112, 295

24, 665

49, 339

' 36," 693

28, 34615, 772

61, 018

4,080

23, 358

100, 413

98, 87254, 332

58, 714

115, 997

181, 301

162,10014, 37510, 464

418

"35*544

$40,000240,000

160, 00040, 000

80, 00080, 000400, 00096, 000

240, 000160, 00048, 00080, 00040, 00040, 000

200, 000800, 000

160, 000200, 000160, 00084, 80040, 000

200, 000

140, 000

400,000240, 000400, 000

600, 000

320, 000160, 00080, 000

480, 00040,00040, 00080, 00080, 000

40, 000

120, 000

400, 00080, 000

160, 000

120, 000160, 00024, 00040, 00080, 00040, 000200, 000

60, 00048, 00040, 000160, 000105, 600

53, 600Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

REPORT OF THE COMPTROLLER OF THE CURRENCY. Ill

national hanks if such notes had been unsecured, except oy a first lien on the general assetsteen permitted to the extent of 90, 80, 70, 50, and 2ft per cent, of the capital.

$138,614

7,965

14, 665

37, 339

16, 693

23, 34610, 772

36, 018

18, 358

75, 413

58, 87234, 332

48, 714

100, 997

131,301

142,10011, 3755,464

30, 544

Percentage of circulation and amount of loss.

140, 00035, 000

70, 00070, 000

350, 00084, 000

210, 000140, 00042, 00070, 00035, 00035, 000

175, 000700, 000

140, 000175, 000140, 00074, 200

35, 000

175, 000

122, 500350, 000210, 000350, 000

525, 000

280, 000140, 00070, 000

420, 00035, 000

$108,164

35, 00070, 00070, 000

35, 000

105, 000

350, 00070, 000

140, 000

105, 000140, 00021, 00035, 00070, 00035, 000175, 000

52, 50042, 00035, 000140, 00092, 400

46, 900

2,695

4,665

25, 339

18, 3465,722

11, 018 j

13, 358

50,413

18, 87214, 332

38, 714

85, 997

81,301

122,1008,375464

25, 554

25, 000

75, 000

250, 00050,000

100, 000

75, 000100, 00015, 00025, 00050, 00025, 000125, 000

37, 50030, 00025, 000100, 00066, 000

33, 500

1,339

8,346

.S3 i«w

la- 0 5

$25, 000 | •150,000 $48,614

100, 00025, 000

50, 00050,000

250, 00060, 000

150, 000100,00030, 00050, 00025, 00025, 000

125, 000500, 000

100, 000125, 0001C0, 00053, 00025, 000

125, 000

87, 500

250, 000150, 000250, 000

375, 000

200, 000100, 00050, 000

300, 00025, 00025, 00050, 00050, 000

O 'S3 o

If.

ft 7n "—!

3,358

413

18, 714

55, 997

82,1002,375

15,554

$20,000 I120,000 $18,614

80, 00020,000

40, 00040, 000

200, 00048, 000

120, 00080, 00024,00040, 00020, 00020, 000

100, 000400, 000

80, 000100, 00080, 00042, 40020, 000

100, 000

70, 000

200, 000120, 000200,000

300, 000

160, 00080, 00040, 000

240, 00020, 00020, 00040, 00040, 000

20, 000

60, 000

200, 00040, 000

80, 000

60, 00080,00012,00020, 00040, 00020, 000

100, 000

30, 00024, 00020, 00080, 00052, 800

26, 800

3,346

$12, 50075, 000

50, 00012, 500

25, 00025, 000

125, 00030, 000

75, 00050,00015, 00025, 00012, 50012, 500

62, 500250, 000

50, 00062, 50050, 00026, 50012, 500

62, 500

43, 750

125, 00075, 000

125, 000

187, 500

100, 00050, 00025, 000

8,714

40, 997

62,100

10, 554

150, 00012, 50012, 50025, 00025, 000

12, 500

37, 500

125, 00025, 000

50, 000

37, 50050, 0007,500

12, 50025, 00012, 50062, 500

18, 75015, 00012, 50050, 00033, 000

16,750

$18, 497

32,100

3, 044!

$122, 089434, 531

669, 51382, 338

376,932 5289,467 6

1,119,313 7127, 801

1,191,500170,75268,986

205,25633,56269,874

170,0121, 282, 254

157,120378, 772645, 55879, 86415,142

249,174 '

171,468 23

657, 020574, 513

1,619,965

796,995 27

992,636 28167,285 ! 29175,068 I 30

1,429,595 | 3167,292 i 32

143, 765 I 3355,372 I 34

176, 330

62, 646

93, 021

1, 795, 992237, 824

351, 847

177, 51235, 80156, 45734, 53587, 786

135,952703, 658

59, 22697, 46435, 023

352, 062184, 457

175,952 53Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Table showing the losses that would have been incurred by the holders of notes

Name and location of bank.

a pv

Percentage of circulation andamount of loss.

111s © 5

Hi §2

111lit

First National Bank of Winchester, 111..National Exchange Bank of Minneap

olis, Minn .National Bank of the State of Missouri,

Saint Louis, Mo .First National Bank of Delphi, IndFirst National Bank of Georgetown,

ColoLock Haven National Bank, Lock Haven,

PaThird National Bank of Chicago, 111 ....Central National Bank of Chicago, 111 ...First National Bank of Kansas City, Mo.Commercial National Bank of Kansas

City, MoFirst*National Bank of Ashland, PaFirst National Bank of Tarry town, N. YFirst National Bank of Allentown, Pa...First National Bauk oi Waynesburg, Pa.Washington County National Bank of

Greenwich, N. YFirst National Bank of Dallas, TexPeople's National Bank of Helena, Mont.First National Bank of Bozeman, Mont.Merchant's National Bank of Fort Scott,

KansFarmers' National Bank of Platte City,

MoFirst National Bank of Warren sburg, MoGerman-American National Bank of

Washington, D. CGerman National Bank of Chicago, 111...Commercial National Bank of Saratoga,

Springs, N. YSecond National Bank of Scranton, Pa...National Bank of Poultney,Poultney, Vt.First National Bank of Monticello, Ind..First National Bank of Butler, PaFirst National Bank of Meadville, Pa...First National Bank of Newark, N. J . . .First National Bank of Brattleboro, Vt..Mechanics' National Bank of Newark,

N.JFirst National Bank of Buffalo, N. YPacific National Bank of Boston, Mass.First National Bank of Union Mills,

Union City, PaVermont National Bank of Saint Albans,

VtFirst National Bank of Leadville, Colo..City National Bank of Lawrenceburg, IndFirst National Bank of Saint Albans. Vt.First National Bank of Monmouth, 111 ..Marine National Bank of New York, N. YHot Springs National Bank of Hot

Springs, ArkRichmond National Bank of Richmond,

IndFirst National Bank of Livingston, MontFirst National Bank of Albion, N. YFirst National Bank of Jamestown, DakLogan National Bank of West Liberty,

OhioMiddletown National Bank of Middle-

town, N.YFarmers' National Bank of Bushnell, 111.Schoharie County National Bank of Scho-

harie.N.YExchange National Bank of Norfolk, Va

$85,716

202,093

2,165, 38881, 941

53,145

254, 6471, 071, 774177,254267, 218

89, 38533,105107, 57579, 72520, 062

262, 88729.17775, 00065, 000

16, 671

15, 223100,870

86,142182, 570

137, 428151, 78688,17620, 75869, 27396,176553, 409

1

Total 28,379,080 ,21,858,900

"8,361,876

$50, 000

100, 000

2, 500, 00050, 000

75,000

120, 000750, 000200, 000500, 000

100, 000112, 500100, 000250, 000100, 000

200, 00050, 0U0100, 00050, 000

50, 000

50, 000100, 000

130, 000500, 000

100, 000200, 000100, 00050, 00050, 000

100, 000300, 000

3, 996, 300

$45, 000

90, 000

2, 250, 00045, 000

67, 500

108, 000675, 000180, 000450, 000

90, 000101, 25090, 000225, 00090,000

180, 00045, 00090, 00045, 000

45, 000

45, 00090, 000

117, 000450, 000

90, 000180, 00090, 00045, 00045, 00090, 000270, 000

3, 596, 670

19, 673, 010

$84,612

14, 355

2,746182, 278

61568,145

145, 275

15, 82315,000

28, 329

29, 777

30, 858267, 430

28, 2141,824

24, 242

347, 594

2,627,996

$40,000

80,000

2,000,00040, 000

60,000

96, 000600, 000160, 000400, 000

80, 00090,00080, 000200, 00080, 000

160, 00040, 00080, 00040, 000

40,000

40, 00080, 000

104,000400, 000

80,000160, 00080, 00040, 00040, 00080, 000

240, 000

3,197, 040

17,487, 040

* Estimated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


of insolvent national banks if such notes had been unsecured, $c.—Continued.

Percentage of circulation and amount of loss.

$6, 855

132, 278

O

56,895 j

120, 27559, 938

10, 8235,000

$35,000 i

70,000

1,750,00035, 000

52, 500

84, 000525, 000140, 000350, 000

70, 00078, 75070, 000

175, 00070, 000

140, 00035, 00070, 00035, 000

23,329

24, 777

17, 858217, 430

8,214

19, 242

35, 000

35, 00070, 000

91,000350, 000

70, 000140, 000

70, 00035, 00035, 00070, 000

210, 000

217,424 2, 797, 410

$82, 278

45, 645

95, 275 ;49, 938 !

5, 823 •

18,329 |

19,777 !

" "l "

ll!• S g o ilt

.J5 02 ©

•I 25

$25,000 j $20,000I

50,000 !

1,250,000 !.25,000 I.

4, 858 ;167,430 j

14,242 |

37,500 I

60,000 !375, 000 ILOO, 000 i250,000 I

50,000 |56,250 $23,14550,000 i125,000 ! 45,27550,000 I 29,938

100, 00025, 00050, 00025, 000

40, 000

1, 000, 00020, 000

30,000

48, 000300, 00080, 000

200, 000

40, 00045, 00040, 000

25, 000

25, 00050, 000

65, 000250, 000

50, 000100, 00050, 00025, 00025, 00050, 000150, 000

8,329 I

9,777 |

67, 430

4,242

100, 00040, 000

80, 00020, 00040, 00020, 000

20, 000

20,00040, 000

52, 000200, 000

40, 00080, 00040, 00020, 00020, 00040, 000120,000

$11, 895

20, 27519, 938

iUIIIHi?1

$12, 500

25,000

625, 00012,500

18, 750

30, 000187, 50050, 000125, 000

25, 000

$4, 938

3,329

4,777

i7,*430

28,12525, 00062, 50025, 000

50,00012,500 |25,000 j12, 500 j

12, 500

12, 50025, 000

32, 500125, 000

25,00050,000 !25, 00012,500 !12,500 j25,000 j75,000 !

153, 920 1, 998,150 49,420 1,598,520 \ 12,392 999, 075 3, 824

1,862,950 15,301,160 1,302,944 110,929,400 474,366 8,743, 520 234, 361 5,464, 700 62,421

00

•I

$143,300 54

227,355 55

1, 935, 721133,112

196, 365

254, 6471, 061, 598298, 324392, 394

75,17533,105118, 37190, 42433,362

262, 88777,104168, 04869, 631

27, 801

32, 449156, 260

282, 370197, 353

128, 832132, 46181, 80121,182108, 38593, 625580, 592

73

16,104,195

7576

777879808182838485

| 86I 87! 88

909192

9495

96

979899100

[101

11021103

104

43,162, 549



National banks that went into voluntary liquidation from January 1, 1879, to January 1,1881, ivith the amount of capital, circulation issued, the amount outstanding November 1,188*2, and the percentage unredeemed.


Corn Exchange National Bank of Chicago, III.Franklin National Bank of Columbus, Ohio.. -Traders' National Bank of Bangor, Me. ------First National Bank of Gonjc, N. HFirst National Bank of Salem, N. CFirst National Bank of Granville, OhioCommercial National Bank of Petersburg, Va.First National Gold Bank of Stockton, Cal ..First National Bank of Sheboygan, WisFirst National Bank of Boscobel, WisNational Marine Bank of Oswego, N. T. . .Central National Bank of Hightstown, N. J .Brpok ville National Bank, of Brookville, IndFarmers' National Bank of Centreville, Iowa.First National Bank of Clarinda, IowaWaterville National Bank of Waterville, MeFirst National Bank of Tremont, PaFirst National Bank of Atlanta, 111Union National Bank of Aurora, 111National Bank of Menasha, WisNational Exchange Bank of Jefferson City,Mo,First National Bank of Hannibal, MoMerchants' National Bank of Winona, Minn..Farmers' National Bank of Keithsburg, 111.. -First National Bank of Franklin, Ky.National Bank of Salem, Salem, IndFourth National Bank of Memphis, TermBedford National Bank of Bedford, IndFirst National Bank of Afton, IowaFirst National Bank of Deer Lodge, Mont . -.First National Bank of Batavia, 111National Gold Bank and Trust Company, San

Francisco, Cal — ' -Gainesville National Bank of Gainesville, AlaFirst National Bank of Hackensack, N. J ...

National Bank of Delavan, WisMechanics' National Bank of Nashville, Tenn.Manchester National Bank of Manchester,

Ohio ,First National Bank of Meyersdale, PaFirst National Bank of Miminburg, PaNational Bank of Michigan, Marshall, Mich..National Exchange Bank of Houston, TexAscutney National Bank of Windsor, VtFirst National Bank of Seneca Falls, N. YFirst National Bank of Baraboo, WisBundy National Bank of New Castle, Ind

Date ofliquida-

tion.

1879.Jan. 4Jan. 4Jan. 14

| Jan. 14Jan. 14Jan. 14Jan. 14Jan. 14

! Jan. 14I Jan. 21| Jan. 25! Feb. 15| Feb. 18Feb. 27Mar. 1Mar. 3Mar. 4Apr. 15 |Apr. 22 !Apr. 26 !May 8 !May 15 jJune 16 iJuly 3

I July 5 ;July 8

I July 19 :

I July 21 |Aug. 15 jAug. 16 |Aug. 30 i

ISept. 1 I

I Nov. 25 !! Dec. 6 !i 1880. !! Jan. 7; Jan. 13! Jan. IBi Mar. 51 Mar. 8

May 14! Sept. 10! Oct. 19 !I Nov. 23 ;I Nov. 27Dec. 6 |

Totals and average percentage , j 4,930,000

Capital.

$500, 000100, 000100, 00060, 000150, 00050, 000120, 000300, 00050, 00050, 000120, 000100, 000100, 00050, 00050,000125, 00075, 00050, 000125, 00050,00050, 000100, 000100, 00050, 000100, 00050, 000125, 000100, 00050, 00050, 00050, 000

750, 000100, 000100, 000

50, 000100, 000

50, 00050, 000100, 000120, 000100, 000100, 00060, 00050, 00050, 000

Issued.

Circulation.

Outstand-ing Novem-ber 1,1882.

$59,16093, 07076, 40045, 597128, 20034, 36599, 800

238, 60045, 00043, 90044, 30032, 40089, 00041, 50045, 000110, 30064, 60026, 50082, 00044, 50045, 00088, 20035, 00027, 00054, 00044, 40045, 00087, 20026, 50045, 00054, 300

40, 00090, 00090, 000

27, 00090,000 |

48, 30330, 60090, 000100, 80031, 50090, 00054, 00027, 00045, 000

2, 839, 995

$20, 20647, 34738, 63519,10464, 82015, 65658, 897112, 20417, 91218, 83214, 52210, 77550, 75517, 90814, 02241, 26335, 74016, 82048,17617, 39220, 56550, 96613, 98414, 84029, 37514, 57027, 22532,19314, 62617, 08520, 901

21, 53060, 34250, 495

. 16,60053, 750

28,01812, 75059, 75562, 65121, 80760, 08913, 76018, 60021, 882

1,439, 345

Percent-age unre-deemed.

34.1650.8750.5741.9150.5545. 5659.0247.0339.8042.9032.7833.2557.0343.1531.1637.4155.3262. 7158.7539.0845. 7057.7839.9554.9654.4032.8160.5036.9255.1937.9748. 27

53.8267.0556.10

61.4859.72

58.0041.6766.3962.15

66.7625.4868.8948.63

50.68



National hanks that went into voluntary liquidation from January 1, 1879, to January 1,1881, with the amount of capital, circulation issued, the amount outstanding November 1,1885, and the percentage unredeemed.


Corn Exchange "National Bank of Chicago, 111.Franklin National Bank of Columbus, Ohio ..Traders'' National Bank of Bangor, MeFirst National Bank of Gonic, N. HFirst National Bank of Salem, N. C.First National Bank of Granville, OhioCommercial National Bank of Petersburg, Va.First National Gold Bank of Stockton, Cal . . .First National Bank of Sheboygan, WisFirst National Bank of Boscooel, Wis -National Marine Bank of Oswego, N. Y.Central National Bank of Hightstown, N. J . .Brookville National Bank of Brookville. Ind..Farmers' National Bank of Centreville, Iowa.First National Bank of Clarinda, IowaWaterville National Bank of Waterville, Me.First National Bank of Tremont, PaFirst National Bank of Atlanta, IIIUnion National Bank of Aurora, 111National Bank of Menasha, WisNational Exchange Bank of Jefferson City, Mo.First National Bank of Hannibal, Mo..'Merchants' National Bank of Winona, Minn .Farmers' National Bank of Keithsburg, 111...First National Bank of Franklin, KyNational Bank of Salem, Salem, IndFourth National Bank of Memphis, TennBedford National Bank of Bedford, IndFirst National Bank of Aft on, IowaFirst National Bank of Deer Lodge, Mont . . .First National Bank of Batavia, 111National Gold Bank and Trust Company of

San Francisco, Cal '.Gainesville National Bank of Gainesville, Ala.First National Bank of Hackensack, N. J ....

National Bank of Delavan, WisMechanics' National Bank of Nashville, TennManchester National Bank of Manchester,

OhioFirst National Bank of Meyersdale, PaFirst National Bank of Miininburg, PaNational Bank of Michigan, Marshall, Mich .National Exchange Bank of Houston, Tex.. .Ascutney National Bank of Windsor, VtFirst National Bank of Seneca Falls, N. YFirst National Bank of Baraboo, WisBundy National Bank of New Castle, Ind

Date ofliquida-

tion.

1879.Jan. 4Jan. 4Jan. 14Jan. 14Jan. 14Jan. 14

i Jan. 14Jan. 14Jan. 14

| Jan. 21 |Jan. 25 |Feb. 15 !Feb. 18 |Feb. 27 !Mar. 1 iMar. 3 !Mar. 4 IApr. 15 iApr. 22Apr. 26May 8

I May 15! June 16July 3July 5July 8July 19July 21Aug. 15Aug. 16Aug. 30

Sept. 1Nov. 25 !Dec. 6 i

1880. |Jan. 7Jan. 13

Jan. 13 jMar. 5Mar. 8May 14Sept, 10Oct. 19Nov. 23Nov. 27Dec. 6

Totals and average percentage j 4, 930, 000

Capital.

$500, 000100, 000100, 000

60,000150, 000

50, 000120,000300, 000

50, OOo50, 000

120, 000100, 000100, 000

50, 00050, 000

125, 00075, 00050, 000

125, 00050, 00050, 000

100, 000100, 000

50, 000100,000

50, 000125, 000100, 000

50, 00050, 00050, 000

i

750, 000 |100,000 |100,000 |

50,000 ]

100,000 |

50,00050, 000

100, 000120, 000100, 000100, 000

60, 00050, 00050, 000

Circulation.

Issued.Outstand-

ing Novem-ber 1,1885.

$59,16093. 07076, 40045, 597128, 20034, 36599, 800

238, 60045, 00043, 90044, 30032, 40089, 00041, 50045, 000110, 3006i, 60026, 50082, 00044,50045, 00088, 20035, 00027, 00054, 00044, 40045, 00087, 20026, 50045, 00044,300 j

40,000 •90,000 I90,000 |

27, 00090, 000

48, 303 I30,600 I90,000100, 80031, 50090, 00054,00027, 00045, 000

2, 839, 995 I

Percent-age unre-deemed.

$9, 23310, 78712,4155,319

19, 6404,471

17, 78738, 5493,3323,3844,1282,085

14, 8002,4982,018

12, 73412, 3024,600 I

14,607 |3,013 |5,266 I

14.303 I2,673 !4,260 I7,690 I2,054 |8,415 j5,3652,6712,475 I4 738 |

I34,140 I19,305 !13,372 |

4,540 I20,650 ;

7,846 !2,165 ;

19,06016, 103 I6,436 !

16, 6633,8374,1192,274

408,122

15.6111.5916.2511.6615.3213.0117.8216.157.407.719.326.44

16.636.024.48

11.5419.1117.3617. 816.77

11.7016.227.64

15. 8014.244.63

18.706.15

10.085.50

10.69

35.3521.4514.86

16.8122.94

16.247.08

21.1815.9720.4318.637.18

15.255.05

14.37



Principal liabilities and resources on October 1, 1885, of- the national

States and Territories. No. ofbanks.

MaineNew HampshireVermont

BostonMassachusetts, otherKhode IslandConnecticut.

Total Division No. 1

New York CityAlbany

New York, otherNew Jersey

Philadelphia -.Pittsburgh

Pennsylvania, other


DelawareBaltimore

Maryland, otherWashington

District of Columbia, otherVirginiaWest Virginia


North CarolinaSouth CarolinaGeorgiaFlorida ..AlabamaMississippi

New OrleansLouisianaTexasArkansas

LouisvilleKentuckyTennessee


CincinnatiCleveland

Ohio, otherIndiana

ChicagoIllinois, other

DetroitMichigan, other

MilwaukeeWisconsin, other


IowaMinnesota

St. LouisMissouri, other .KansasNebraska


ColoradoNevada

San FranciscoCalifornia, otherOregon


560

Capital. Surplus.

$10, 360, 0006,105, 0007, 541, 000

50, 950, 00045, 095, 65020, 340, 05024, 921, 820

165, 313, 520

45, 350, 0001, 750, 000

34, 819, 7(5012, 208, 20018, 275, 25010,150, 00032, 665, 340

155, 218, 550

17^985"11,713,2602, 716, 7001,125, 000

252, 0003, 576, 3002, 011, 000

$2, 486, 2181, 220, 4261,473, 839

11, 416, 55113, 515, 3923, 954, 8246, 717, 781

40, 785, 031

22,176, 0081,175, 0008, 926, 6563, 799, 9459, 401, 8033, 538,107

10, 067, 362

59, 084, 881

$10, 095, 4955, 425,1965,154, 308

80, 326, 96551, 715, 36713, 096, 23324, 482, 781

190,296,345

250, 494, 5557, 097, 824

77, 834, 37132, 501, 42274, 830, 55819,981,34461, 821, 735

$142, 510341, 31749, 665

128, 398269, 727128, 681309, 475

1, 369, 773

467, 34484,114

718, 953195, 322239, 953268, 482415, 651

683, 9053,136, 500

841, 766307, 00060, 000

1,143, 098512, 056

23,218,,245 |

2, 063, 5001, 935, 0002,472,345

300, 0001, 835, 000

475, 0003, 525, 000

100, 0006, 880, 000

705, 0003, 551, 5009, 648, 9005, 007, 500

3, 986, 80320, 885, 5235, 744,1993, 435,468

776, 5188, 376, 6632, 529, 279

6, 684, 325 i 45, 734, 453

3, 237, 5722, 723, 0433, 335, 352

782, 2812,143, 311

597, 4168, 923, 527

70, 2209,183, 8721, 513, 8933, 401, 8788, 233, 9317, 783, 995

524,561,809 I 2,389,819

63, 879104, 572

472, 379802, 000813,35119, 923

290, 65039,100

1, 296, 7169,000

2, 002, 203166,170809, 441

1, 922, 323998, 500

249 | 38,498,745 i

8, 600, 0006, 200, 000

21, 909, 58012,189, 50011,750,00013, 673, 6002, 900, 000

10,194, 600650, 000

3, 785, 000

9,641,756 | 51,930,291

610

365

91, 852, 280

7711, 390, 0003, 250, 0003, 311, 0004, 995, 7205, 949, 250

39, 050, 970

2, 025, 00075, 000

1, 500, 0002, 345, 000

710, 000

6, 655, 000

1, 208, 000629, 000

4, 562, 5113, 031, 9082, 691, 6004,195,183

330, 0001, 864,193

340, 000921, 608

19, 774, 003

2, 290, 5041, 851, 834

856,128623, 425668, 972944, 774

7, 235, 637

1, 003,10025, 000

234, 520548, 41581, 600

1, 892, 635

14, 060, 8048, 998, 620

31, 594, 78419, 845, 3174C, 970, 73927, 693, 7207, 313, 737

18, 575, 0615,140, 355

10,132, 396

184, 325, 533

17, 053, 77619, 651, 2965, 634, 6235, 972, 242

10, 089, 96711, 316, 707

69, 718, 611

10, 281, 553214,701

1, 090, 0895, 620, 0302, 555, 552

19, 761, 925

47, 961

"366,519

516, 931

228,128221, 28271, 37537, 75388, 011

92, 04444, 301

782, 602343, 088265, 803

2,174, 387

1, 035, 000484, 882484, 580783, 534145, 079773,176389, 90334, 827

486, 46086,109

4, 703, 550

334, 524380,199401,163

262,384352, 869

1, 817, 478

326, 029

414, 578

740, 607



tanks, by States and reserve cities, arranged in eight principal divisions.

Loans and dis- I Gold and goldcounts, including! clearing-house

overdrafts. , certificates.

$16, 604, 2658,371,374 '

10, 589,151 j125,331,305 !86, 172, 244 |31,002,631 j40,601,465 j

$589,426 ]217,329 !238,169

4,538,331 !1,826,290

389, 3631,183, 543

Gold Treasury Icertificates.' |

$7,690 |1,540

16,290 !4, 21b, 850 I

175,20044, 220

156, 920

Silver.Silver

Treasurycertificates.

Legal tendersand United

States certifi-cates of deposit.

$72,15263,788 I51,028 !

188,084 !414,280 !125,035218,713

$1,080 I340 j

2,820 !15,300 !22,540 j

6,840 I2,980 i

$182,196139. 469156, 953

4, 727, 4981, 847, 817

493, 667901, 669

318, 672, 435

236, 889, 9127,130, 412

83, 979, 72929, 365, 00267, 351, 23024, 871, 13265, 500, 467

515, 087, 884

3, 906, 83725, 803, 6385, 738, 5772,196,158

322, 9889, 459, 5753, 602, 284

51, 030, 057

4 671 9834, 589, 6435, 383, 089

644 5313, 265, 7901, 074, 6099, 729, 590

130 94313,777,2161, 801, 2457, 788,154

14, 942, 40011, 554, 177

79, 353, 370

18, 666, 70711 538 04140, 932, 22923, 357, 58546, 018, 90630, 947, 4828 513 282

21, 465, 8033, 956, 0839, 603, 256

215, 059, 374

21, 324, 48628,172, 1239, 202, 7867, 209,132

10, 730, 62715, 432, 742

92, 131, 896

7, 608, 987248 248

2 146 7716, 051, 4372, 202, 226

8, 982, 451

26, 463, 871571, 094

3, 263, 2801, 276, 343

10, 587, 7571, 807, 8343, 574, 834

47, 545, 013

136,721788, 019231,287150, 69663, 383

439, 427189, 883

1, 999, 416

160 900145, 842207,125

6 801150, 92622,119

359,0151 67*>

462,31151, 165

334, 489484, 459473, 488

2, 860, 312

445, 269749 900

2, 290,1951, 768, 7398, 765, 4762, 072, 267

944 5201, 389, 586

533, 265801, 029

19, 760, 246

948, 5881, 430, 710

853, 215373, 371720, 436909,131

5, 235, 451

! 883,53040 027

! 442 195825, 040

! 470,692

4, 620, 710

62, 249, 740319, 640

1, 221, 030327, 870122, 480299, 560180, 530

64, 720, 850

13,1001,120, 770

20, 340264, 35040, 00015, 6704,100

1, 478, 330

91097,160

8,17020

70, 040

121,70010, 77025, 00020, 68053, 540

407, 990

318, 860115 00071, 37063, 980

648, 00090,180

41,24095, 0004, 400

1, 448, 030

55, 4604,610

81, 74044, 32027, 4207,330

220, 880

3,990

50019, 7202,670

1,133,080 51,900

2,157, 046 i 583, 51030,885 | 1,250

540,283 ! 29,700353, 279 | 22, 210483,515 I 167,340123,577 j 64,620692,611 | 88,000

4, 381,196 1 956, 630

144, 550 ! 10,190127,785 | ' 6,05083, 284 ! 18, 81024,531 ! 37,2206,535 ! 4,500

89,547 ! 16,92021,097 1 14,190

397,329 | 107,880

70 760 ! 8087,230 i 1,910

116,192 | 21,10028 801 i56,272 j 26,52020,363 ! 39,850114,956 ! 273,94010 071 \ 2 910

180,773 i 118,66026, 168 1 31, 44020,979 ! 6,00076,822 ! 42,280135,217 ! 34,570

944, 604 ! 599, 260

61,958 i 222,00046 325 !274,458 ! 34,980215, 033 I 49, 520196,748 ! 63,030255,537 i 22,28040 217 1 2 750172,291 ; 13,11016,005 ! 2,18099,506 | 3,910

1,378,078 413,760

182,003 ! 32,800112,855 ! 3,00017,517 ; 9,70049,938 16,54089, 749 : 32, 150116,738 | 5,200

568,800 j 99,450

78, 947 | 11, 1805 363 1 84015 740 {49, 484 j 15, 84035,319 j 110

8, 449, 269

23, 705, 620499, 460

3, 456, 6991, 912,1319, 569, 3512,167, 8243,116, 647

44, 427, 732

193, 3313, 727, 363

400, 625469, 32785, 500

786, 902204, 795

5, 867, 843

263 186312^ 239321,017102 581167, 76441,682

1, 087, 8302 867

1, 002', 46384, 711

511, 420402, 633517, 389

4, 817, 782

3, 386, 2851 000 0002, 850| 5411, 608, 2775,911,1001, 647, 231

662 266795', 222472, 621384, 582

18, 718, 125

1,166, 647902, 453761,629377, 050743, 148545, 099

4, 496, 026

738, 5612 4762 589

48' 00428, 761

891011121314

15161718192021

oo2324°5262728°93031323334

35

3738394011424344

454647484950

i 515<>5^5455

18,257,669 j 2, 361, 484 | 26,880 184, 853 27. 970 820, 391



Principal liabilities and resources on October 1, 1885, of the national

States and Territories.No. ofbanks.

Deposits.

Capital. I Surplus.

Individual.

565758

606162

DakotaIdaho^MontanaNew ^MexicoUtah . . . . .WashingtonWyoming


Total for United States

414

1586

155

94

2,714

$2, 402,100250, 000

1,810,000650,000800, 000

1, 005, 000800, 000

7, 717,100

527, 524, 410

$500, 57320, 000

298, 000153,210274, 500140, 091140, 000

1, 526, 374

146, 624, 642

$3, 725, 522416, 655

5, 329, 5031, 750, 4751, 626, 6411, 450, 2061,744,353

Other.

$151,117

162, 622177, 27863,587

16, 043, 355

1,102, 372, 322

554, 604

14, 267,149



hanks, ~by States and reserve cities, arranged in eight principal divisions—Continued.

Loans and dis- Gold and goldcounts, including clearing-house

overdrafts. ] certify"4""

$4, 000, 272350,796

5, 515,1951, 423, 5131,365,2392,035,3841,860,906

16,551,305 !

1, 306,143, 990

$33, 2683,182

33, 30917,12716, 23722, 6217,117

Legal tenders jand United I

States certifi- |cates of deposit, i

$373, 82154, 291

327, 45870, 81635, 04015,10964, 416

940, 951

90, 490, 780 !, 538,119



Table, by States, Territories, and reserve cities, exhibiting the number of banks in each withcapital of $150,000 and under, and those with capital exceeding $150,000, and showingthe amount of bonds deposited to secure circulation on October 1, 1885.

States and Terri-tories.

MaineNew HampshireVermontMassachusetts

BostonRhode IslandConnecticut

New EnglandStates

New YorkNew York Ci ty . . .Albany

New JerseyPennsylvania

PhiladelphiaPittsburgh

Delaware . . .Maryland

BaltimoreDistrict of Columbia

Washington

Banks with capital of$150,000 and under.

Banks with capital over$150,000.

$5, 060, 0004, 505, 0003, 691, 0009, 657, 650

$4, 645, 3004, 350, 0002, 972, 0007,

$5, 300, 0001, 600, 0003, 850, 000

35, 438, 00050, 950, 00017, 527, 05021,721,070

$4, 064, 0001, 450, 0003, 045, 500

30, 644, 00024, 614, 65011, 004, 20015, 260,100

$10, 360, 0006,105, 0007, 541, 000

45, 095, 65050, 950, 00020, 340, 05024, 921, 820

$8, 709, 3005, 800, 0006, 017, 5C0

38, 606, 85024, 614, 65013, 595, 40018, 010,100

560 165, 313, 520 115, 353, 800

27, 267,15012, 566, 5001, 418, 0009, 326, 850

26, 629, 2009, 327, 8007, 080, 5001, 768, 2002, 479, 0006, 067, 500

250, 000730, 000

1, 750, 00012, 208, 200

150, 000100, 000920, 80(

10, 150, 0001, 823, 9852,716,7001, 865, 000 1, 679, 000

462 42, 241, 050! 34, 323, 800277 130, 608, 445 739 172, 849, 495 104, 910, 700

1, 313, 350202, 350425, 000350, 000

1, 060, 500

1, 341, 0001, 655, 0001

938, 500985, 000972, 345!300, 000410, 000475, 000100, 000

980,1, 267,

737,811,731,147,217,175,100,

2, 235, 300356, 000

1, 125, 000950, 0001

1, 500, 000

3, 525, 0002, 060, 000

450, 0005, 785, 0003, 551, 5003,100, 000

2,125, 000365, 000250, 000

4, 330, 0002, 833, 7001, 335, 000

4, 820, 000255, 000

3, 863, 900

82 26,062,800 15,489,90018, 023, 245 10, 009,150 44,086,045 25,499,050

, 014, 000[8, 600, 0006, 200, 0006, 130, 0002, 550, 000]

12, 895, 580] 9, 208, 700 15,395,2505, 585, 000

655, 0007, 546, 8006,912,7501,183, 5003, 958, 000

500, 0001, 753, 250

500,0004, 301, 0002,113, 0001, 428, 600

,0001, 702, 3002, 014, 000

909, 580600,000200, 0001189, 500673, 600750, 000:

194, 600900, 000785, 000;650, 000!155, 000390, 000,311,000i250,000!995, 720'949, 250

4,111,8005, 772, 750

3,128, 000

1," 553, 250

3, 760, 600,2, 900, 000 i

650, 000650, 000

1, 700, 0009, 000, 0001,100, 000, 250, 000,200, 000]

2,150, 000

1191 8, 455, 00035; 2, 390, 00032! 2, 211, 000

3, 904, 5001, 078, 0001, 096, 250

1, 652, 3001, 389, 000

32, 894, 550160 69, 604, 600j 23,313,900

1, 300, 000: 400, 0001, 500, OdOJ 600, 000

250, 000 250, 000460, 0002, 402,100

250, 000

173,400;736, 50067, 800

Virginia.West VirginiaNorth Carolina : . . .South CarolinaGeorgiaFlorida..AlabamaMississippiLouisiana

New OrleansTexasArkansasKentucky

LouisvilleTennessee

OhioCincinnatiCleveland

IndianaIllinois

ChicagoMichigan

Detroit.Wisconsin

MilwaukeeIowa .MinnesotaMissouri

St. LouisKansasNebraska

Colorado .NevadaCalifornia

San Francisco.OregonDakotaIdaho

2, 025, 000J75, 000

2, 345, 0001, 500, 000

710, 0002, 402,100

250, 000'

1, 032, 50040, 000960, 500600, 000423, 400736, 50067, 800



Table, by States, Territories, and reserve cities, <$~c.—Continued.

.Banks with capital of$150,000 and under.

i Banks with capital overI $150,000.

States and Terri-tories.

MontanaNew MexicoUtahWashingtonWyoming

Pacific Statesand Te r r itories

United States .

Capital.

13: $1,060,0008 650,0004 400,000

15 1, 005, 0003 200,000

U.S.bonds. Capital.

VA I

U.S.bonds.

Totals.

$289, 350412, 500187, 500380, 00055, 000

131i 8,922,100; 3,585,050 15 5,450,000

2| $750,000

2j 400,000!

600, 000

1, 889 159, 412, 445 106, 083, 900|825j368, 111, 965

Capital.

$150, 000

250, 000

ioo, ooo

15] $1,810,000 $439,350

U.S.bonds.

650, 000800,000

15 1, 005, 000|5 800,000

2,100,000 146 14,372,100 5,685,050

412, 500437, 500380, 000155, 000

1201, 573,150j2, 714J527, 524, 4101307, 657, 050



Table, by States, Territories, and reserve cities, exhibiting the number of banks in each, withtheir capital, minimum amount of bonds required by law, bonds actually held and circula-tion outstanding thereon on October 1, 1885, and also showing the increase of circulationwhich would be authorized in the event of legislation permitting banks to issue circulationto the par value of bonds deposited.

States and Territories.

MaineNew Hampshire .VermontMassachusetts . . .


Capital.

United States bonds.

HeldMinimum October

: 1, 1885.

71 $10, 360, 000 $1, 965, 00048j 6,105,000 1,456,250471 7,541,000; 1,572,750

1951 45,095,650 8,064,41254i 50,950,000 2,700,00061| 20, 340, 050j 2,453,25084' 24,921,820 3,437,500

$8, 709, 300

Circulation.

Outstand-ing Octo-

ber 1, 1885.

Increaseon bondsnow de-posited

if issue isauthor-ized to

par value.

Maximumincreasewhichmight

ocourifissue is

authorizedto parvalue.

$7, 683, 079|$l, 026, 221; $2, 676, 9215,800,000 5,149,045] 650,955 955,955•6,017,500 5,355,913! 661,587 2,185,087

38, 606, 850 34, 200, 534J 4, 406, 316 10, 895, 11624,614,650 21,716,837 2,897,813 29,233,16313,595,400 12,056,177| 1,539,223 8,283,87318, 010,100 15, 932, 600 2, 077, 500 8, 989, 220

New England States | 5601165, 313, 520 21, 649,162 115, 353, 800J102, 094,185 13, 259, 615 63, 219, 335

New YorkNew York City . .Albany



DelawareMaryland

BaltimoreDistrict of Columbia .

Washington

Middle States .

VirginiaWest Virginia..North Carolina.South Carolina.GeorgiaFloridaAlabamaMississippiLouisiana

New OrJeans .TexasArkansasKentucky

LouisvilleTennessee

Southern States.

OhioCincinnati..Cleveland . .

IndianaIllinois

ChicagoMichigan

Detroit"Wisconsin

Milwaukee.IowaMinnesotaMissouri

St. Louis...KansasNebraska

Western States.

ColoradoNevadaCalifornia

San Francisco.

267; 34,819,760{44: 45, 3S0, 000i61 1, 750, 000i

72| 12,208,200228 32,665,340

18, 275, 25010, 150,0001, 823, 985j2, 716, 700

11,713,260!252, 000

1,125, 000

7,681,6652, 187,500

300, 000!2, 399, 550!6, 857, 5981, 687, 5001,125, 000

380, 200666, 250850,0001

50, 000|225, 000!

27, 267,150 j12, 5(J6, 500!1, 418, 0009, 326, 850

26, 629, 2009, 327, 8007, 080, 5001, 768, 2002, 479, 0006, 067, 500

250, 000730, 000

739 172, 849, 49524, 410, 263 104, 910, 700 89, 918, 888 14, 991, 812! 82, 930, 607

23, 989, 5919, 917, 4421, 249, 7908, 007, 406

23,401,4607, 797, 648,6, 289, 7801,551,029,2, 143,7024, 756, 490

188,700625, 850

3, 277, 5592, 649, 058

168, 2101, 319, 4443, 227, 7401,530,152

790,720217,171!335, 298

1,311,01061, 300

104,150

10, 830,16935, 432, 558

500, 2104, 200, 7949, 263, 880

10, 477, 6023, 860, 220

272, 956572, 998

6, 956, 77063, 300

499,150

242115|14165

32

3, 576, 3002,011,000:2, 063, 5001, 935, 0002, 472, 3451

300, 000J1, 835, 000

475, 000,100. 000

3, 525, 000;6, 880, 000

705, 000!

9, 648, 9003,551,5005, 007, 500

735, 250!

513, 750|484, 625[396, 250443, 08675, 000|

352, 500!118, 75025, 000

400, 000;1, 555, 000:

163, 750,2, 065, 975!

450, 000!826, 875!

2, 293, 350i1, 469, 850i1,162, 0001, 161, 3501, 792, 000

147, 5001,117,000

175, 000100, 000

2,125, 0001, 950, 500

360,0006, 440, 3002, 833, 7002, 371, 500

2, 007, 5001, 291, 765

993, 4151, 002, 4451,570,900

120,185990, 450150, 990,90, 000

1, 886, 345|1, 739, 250,

32B, 3005,714,770!2, 550, 230:2,114,010:

285, 850;178, 085!168, 585!158, 905!

221,100127, 315

126. 550-24, 010;10,000!

238, 655!211,25036, 700;

725, 530!283, 470!

257, 490:

1, 568, 800719,235

1, 070, 085932, 555901, 445179, 815844. 550324, 01010, 000

1, 638, 6555,140, 750

381, 7003, 934,1301, 001, 2702, 893, 490

294 44,086,045 8,605,8ll! 25,499,050, 22,545,555 2,953,495! 21,540,490

183 21,12 8,8 6,

90 12,153; 13,12! 11,97: 10,51 2,

47 3,3;

125' 10,49 11,36,

74|75;

909, 580600, 000200, 000189, 500673, 600750, 000194, 600900, 000785, 000650, 000155, 000390, 000311, 000250, 000995, 720949, 250

975 130, 903, 250 23, 324, 662| 56, 208, 450

25i 2,025,0001 75,000

16! 2,345,000li 1,500,000

4, 923, 895j600, 000!400, 000;

2, 614, 875:3, 330, 900

600,000i2, 208, 500'

250, OOOJ933, 750150, 000

2, 413, 7501, 297, 500;

752, 750'301), 000

1, 248, 9301, 299, 812

15,195,2505, 585, 0001

655, 00017, 546, 8006,912,7501,183, 500

3, 958, 000500, 000

1, 753, 250500, OOO!

4, 301, 0002,113, 0001, 428, 600

860, 0001, 702, 3002, 014, 000

493,750 1,032,50018,750 40,000

461, 250 960, 50050, 000! 600, 000

13, 474,4, 947.

589,6, 734,6,154,

722,3, 479,

371,1, 517,

448,3, 813,1, 884,1, 251,

766,1, 435,1, 774,

579,120410150525850:715,265;078400858;576648400705330

,720,671;637,880;65, 590

812,650758, 225'460, 650478, 285128, 735236,17251, 600

487,142228, 424176, 95293, 600

266, 595239, 670

49,365,6091 6,842,841

926, 54035, 380

855, 720539, 200

105, 9604, 620

104, 78060, 800

8, 435, 0013, 652, 8805, 610, 5905, 455, 3507, 519, 075

11, 027,1506,714,8852, 528, 7352, 267, 922

201,6006, 341,1429, 505, 4242, 059, 3522, 483, 6003, 560, 0154,174, 920

81, 537, 641

1, 098, 46039, 620

1, 489, 280960, 800



Table by States, Territories, and reserve cities, fc.—Continued.


OregonDakotaIdahoMontanaNew Mexico.UtahWashington.Wyoming . . .

Pacific States and Terri-

United States bonds. Circulation.

Capital.j Minimum

$710,0002,402,100

250, 0001, 810, 000

650, 000800, 000

1, 005, 000800, 000

Outstand--ri T-, ingOcto-Held kftl.

6i IOCKOctober 1, » e r l > 1 8 h 5 -

1885.

Increaseon bondsnow de-posited

if issue isauthor-ized to

Spar value.

tories j 146; 14,372,100

$165, 000|600, 525162, 500|

365, 0001162, 500200, 000251, 250150, 000

2, 980, 525 5, 685, 050 4, 945, 360 739, 690 9, 426, 740

United States | 2, 714 527, 524, 410 80, 970, 423 307, 657, 050 268, 869, 597 387787^4531258^654, 813

$423, 400!736, 500167, 800!

439, 350412, 500437, 500380, 000155, 000

$346, 740646, 63060,140378, 250369, 770324, 930322, 560139, 500

[Maximum| increaseI "which| might! occur ifj issue isauthorizedi to par

value.

$76, 660!89, 8701

7, 660;61,100142, 730|

112, 570]57, 440l15, 500|

$363, 2601, 755, 470189, 860

1, 431, 750280, 230475, 070682, 440660, 500



Statement of monthly increase and decrease of national-bank circulation from November 1,1881, to October 31, 1885, to which is added the preceding yearly increase and decreasesince January 14, 1875.

Months.


1882.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

1883.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

1884.JanuaryFebruary ,March.AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

1885.January :FebruaryMarchAprilMayJuneJulyAugustSeptemberOctober

Totals iFrom January 14,1875, to October 31,1875From November 1,1875, to October 31,1876:..From November 1, 1876, to October 31,1877...From November 1,1877, to October 31,1878...From November 1,1878, to October 31,1879...From November 1,1879, to October 31,1880..,From November 1,1880, to October 31, 1881. .jl

Circulation surrendered to this office andretired

National-bank circulation.

Retired.

Grand total.

$2, 730, 9301, 419, 820

1, 402, 450946, 470

1, 350, 390694, 540976, 220

1,121, 5301, 956, 9903, 869, 0003, 895, 5102, 028, 4001, 341, 4501, 875, 420

1, 371, 9801, 272, 7801, 290, 2201, 075, 6501,107, 7901, 305, 2001,114,1101, 318, 770

642, 980793, 850445, 240

1,177, 010

1,126, 020509, 004579, 850963, 440733, 960

1,101, 050943, 950

1, 279, 030943, 390569, 750208, 580379, 930

677,010523, 560548, 330

1, 053, 370403, 790690, 240

1, 066, 0801,160, 7101, 914, 7102. 516, 340

58, 488, 79410, 986, 6757, 093, 68016, 306, 03016,291,68522, 933, 490•13,402,21530, 979, 630

$933. 6651, 224J 639

1,195, 8491, 596, 3881, 600, 2891, 218,1881, 841, 7502, 237, 8201, 661, 8862, 015, 0431, 535, 0522, 061,4021, 520, 3691, 749, 379

1, 657, 2722,115, 5512, 798, 8191, 595, 8752, 076, 3732, 644, 0722,147, 8002, 494,1941, 883, 8851, 991,1941, 500, 8661, 649, 953

2, 021, 8953, 373, 7602, 497, 5962, 559, 4482, 829, 7582, 510, 7372, 543, 5022, 388, 9461, 744, 0572, 700, 8712, 255,1392, 663, 801

2, 923,1152, 775, 2072, 990, 5752, 369, 3302, 442, 668484,135

2, 804, 8701, 505, 7251, 473, 6943, 778, 735

Increase.

176, 482,199

176, 482,199

100, 585,13714, 570, 30527, 506, 98118, 265, 33110, 986,1167. 040, 3976, 193, 053

13, 705, 259

198, 852, 579

14, 253, 939

213,106, 518

$1, 797, 265267,181

206, 601

295,1041, 853, 9572, 360, 458

126, 041

Decrease.

206,105

441, 016

7, 553, 728

5, 305, 56915, 893, 0937, 209,16217, 274, 371

53, 235, 923

53, 235, 923

$649, 918249,899523, 648865, 530

1,116, 290

33, 002178, 919

285, 292842, 771

1, 508, 599520, 225968, 583

1, 338, 8721, 033, 6901,175, 4241, 240, 9051,197, 3441, 055, 626472, 943

895, 8752, 864, 7561, 917, 7461, 596, 0082, 095, 7981, 409, 6871, 599, 5521,109, 916800, 667

2, 131,1212, 046, 5592, 283, 871

2, 246,1052, 251, 6472, 442, 2451,315,9602, 038, 878

"i, 738,790345, 015

1, 262, 395

49, 6.50, 0713, 583, 630

20, 413, 3011, 959, 301

75, 606, 303

75, 606, 303



The following tables have been prepared by E. B. Elliott, Esq., Gov-ernment Actuary:Average prices (flat and net) of, and rates of interest realized to investors in the U. S. four

percent, securities of 1907, and in the four-and-a-half per cent, securities o/1891, respectively,from October I, 1884, to September 30, 1885, inclusive.

Four per cent, securities of 1907.

Months. j Prices, includ-j ing accrued

interest.

OctoberNovember.December.

1884.

JanuaryFebruary. . .MarchAprilMayJuneJulyAugustSeptember .

1885.

Flat.120. 4814122. 0625123. 4232

121. 9086122.1813122. 3269121. 8028122. 0450123.1625122. 6462122. 8425123. 2331

Average of 12 months.. 122. 3430

Prices, not in- Rates of in ter-cluding ac- est realized

crued interest. I to investors.

Net.120. 3176-121. 5691122. 6032

121. 7330121.6968121. 5025121. 6435121. 5588122. 3371122. 4777122. 3390122. 4033

121.8484

Per cent.2.8052.7372. 685

2.7262.^7242.7312.7212.7222.6792.6682.673

2.711

Month.

1884.October^NovemberDecember

1885.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember

Average of 12 months . . .

Four-and-a-half per cent, securities of 1891.

Prices, include I Prices, not in-ing accrued

interest.I eluding ac-crued interest.

Flat.112. 6736114.1684113. 5810

112. 7788112. 76901] 1. 9591112.4350112. 8800112. 6634112. 7525113.0250112. 4114

Net.112.1163113. 2364113. 4030

112.1937111. 8233111.7710111. 8787111.9599112. 4902112.1955112.0917112. 2340

Kates of inter-est realized

to investors.

Per cent.2. 5802. 3912.343

2. 5052.6452.5272.4882.4722.3402. 3652.3542.303

112. 8414 112. 2828 2. 359

The following table shows the annual profit on national-bank circu-lation , computed on the average net prices of the 4 per cent. UnitedStates securities of 1907 and the 4J per cent. United States securitiesof 18^1, respectively, for the year ending September 30, 1885, at ratesof interest for bank loans of 5, 6, 7, and 8 per cent., (1st) consideringthe 5 per cent, redemption fund as not reducing the loanable circula-tion, (2nd) considering the 5 per cent, redemption fund as reducing theloanable circulation, the tax on circulation of 1 per cent, per annumhaving been taken into account in each case, as well as an assumedannual charge of .05 of 1 per cent, on the circulation, to be paid theTreasurer of the United States for expenses of redemption:

Profit withloans at

5 per cent.

Fours of 1907 | ^ d

Four-and-a-halfs of 1891 j ^

Per cent.0.7570.5720.5400.340

Profit withloans at

6 per cent.

Per cent.0.5500.3280.3880.148

Profit withloans at

7 per cent.

Per cent. !0.3370.0780.236

loss 0.045

Profit withloans at

8 per cent.

Per cent.0.119

loss 0.1760.0820.239lossDigitized for FRASER



Table showing, by States, the amount of national-bank circulation issued, the amount oflawful money deposited in the United States Treasury to retire national-bank circulationfrom June 20, 1874, to November 1, 18d5, and the amount remaining on deposit at thelatter date.


MaineNew HampshireVermontMassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of Columbia..VirginiaWest Virginia...North CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexasArkansas ...KentuckyTennesseeMissouriOhioIndianaIllinoisMichiganWisconsinIowa - -MinnesotaKansasNebraskaNevadaOregonColoradoUtahIdahoMontanaWyomingNew MexicoDakotaWashington „ArizonaCalifornia*Lawful money depos-

ited prior to June 20, |1874, and remainingat that date

Additionalcirculationissued since

June 20,1874.

Lawful money deposited to retire national-bankcirculation since June 20, 1874.

For re-demptionof notes ofliquidating

banks.

$2, 216, 9941, 250, 8152, 774,180

29,801,1204, 077, 0805, 789, 050

35, 903, 6354, 076, 885

22, 457, 950495,975 j

2,496,610 i457,000 !

1,520,500 j351, 860

1, 335, 560201, 000f 16, 530132, 740367,400 i195,740 |

2,026,010 i1, 950, 560 i427,500 I

6, 677, 250 !1, 440, 500 I2,726,230 ;14,827,190 i6, 583, 670 j6,145,905 !4,403,310 !2,193,680 !3,868,830 j1,930,890 |1, 447, 680 !1, 768, 580

36, 000183,010 i

1, 087, 580 !476,900 |33,990 !601,440 ;95,350 !166,500 !915, 180625,50053, 090

1,905,750

$786, 500465, 983

1, 059, 2771, 746, 400

145, 350795, 878

7, 919, 9131, 242, 2584,108, 686

166, 600455, 664937, 369731, 060212, 000

$372, 750

402, 5604, 080, 620

54, 760488,135

2, 890, 530384, 060

2,122,142

110, 000

9,999 j

10, 925 J.

$1,110, 500221, 800

2, 614, 99024, 609, 6354, 785, 7356,141,827

41, 714, 0655, 078, 432

18, 515, 74183, 550

3, 247, 070530, 060

1, 791, 910582, 885

1, 792, 8851, 355, 005

965, 975

135, 000

666, 41378,590 S11,250

1,025,417767,841 !

1, 113, 705 !6, 607, 6184, 853, 9353, 299, 5342,585,963 j1,152,030 S1, 560, 917 I

817, f?59803,70156,240 !

I

166,720 I38,100 i

1,573,664 !328,760 |376,690 !122,780 !140,280 !96,130

208,340 !15,750 |

143, 050 |

579, 52038,150

2, 729, 250839, 490276, 750

4, 524, 7331, 221, 4595, 280, 860

10, 201, 7018, 796, 4959, 989 0564, 474, 3721, 931, 0093, 601, 3752,153, 311

604, 030637, 030

$2, 269, 750687, 783

4, 076, 82730, 436, 6554, 985, 8457, 425, 84052, 524, 5086, 704, 750

24, 746, 56983, 550

3, 523, 670985, 724

2, 729, 2791, 323, 9442, 004, 8851, 355, 0051, 296, 900

714, 52038,150

3, 395, 663918, 080288, 000

5,716,8702, 027, 4006, 394, 565

18, 382, 98313, 979,19013,665,2807, 183,1153,223,3195, 258, 4223, 179, 3101, 423, 481

:6, 320

Lawfulmoney on

depositwith theUnitedStates

Treasurerat date.

347, 475161,191

189, 940

$622, 437136, 207806, 345

4, 709, 777975, 843

1, 094, 0966, 864, 3031, 019, 0764, 235, 658

487, 83922, 480

296, 533114, 640150, 880

44, 880157, 484

9,000716,125486, 241

63, 000462,190

15, 75064, 450

271, 350256, 500

53, 090499, 500

46, 32833,121

379, 420221, 496

58, 2761, 355, 748

560,124547, 572

5, 382,1362, 585, 8671, 820, 9141,482, 857

570,4841, 000, 581

352, 032139, 426160, 627

1,158

""261," 52349, 38432, 58078, 5106,500

38,49089, 78833, 63037,180

154, 480

* Exclusive of national gold banks.


REPORT OF THE COMPTROLLER OP THE CURRENCY. 127

National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, with the dates of liquidation,the amount of their capital, circulation issued and retired, and circulation outstandingNovember 1, 1885.

Name and location of bank. Date ofliquidation,

First National Bank, Penn Yan, N. Y. *. Apr. 6,1864First National Bank, Norwich, Conn. *..! May 2,1864 \Second National Bank, Ottumwa, lowat May 2,1864 jSecond National Bank, Canton, Ohiot .. Oct. 3,1864 jFirst National Bank, Lansing, Mich. t. . j Dec. 5,1864 jFirst National Bank, Columbia, Mo . . . , Sept. 19,1864 jFirst National Bank, Carondelet, Mo... .j Mar. 15,3865 IFirst National Bank, Utica, N". Y. * June 9,1865Pittston National Bank, Pittston, Pa .. ; Sept. 16,1865Fourth National Bank, Indianapolis, Intlj Nov. 30,1865 iBerkshire National Bank, Adams, Mass. +! Dec. 8,1865 INational Union Bank, Rochester, N. Y..; Apr. 26, 1866 jFirst National Bank, Leonardsville, N. Y\ July 11,1866 |Farmers' National Bank, Richmond, Ya j Oct. 22, 1866 {Farmers' National Bank, Waukesna, Wis| Nov. 25, 1866 iNational Bank of Metropolis, Washing- \ !

ton, D. C ...i Nov. 28,1866 ,First National Bank, Providence, Pa Mar. 1,1867 iNational State Bank, Dubuque, Iowa ... | Mar. 9,1867 \First National Bank of Newton, New- i

tonville. Mass ' Mar. 11, 1867First National Bank, New- III in, Minn.. - Apr. 18,1867 ;National Bank of Crawford County,

Meadville, Pa " .. Apr. 19, 1867Kittanning National Bank, Kit-tanning, •

Pa. |- Apr. 29,1867 |City National Bank, Savannah, Ga. t . . May 28, 1867 ;Ohio National Bank, Cincinnati, Ohio . | July 3, 1867 ;First National Bank, Kingston. N. Y .. i Sept. 26,1867First National Bank, Bluffton, Ind Dec. 5, 1867 ;•National Exchange Bank, Richmond. Ya' Dec. 5, 1867First National Bank, Skaneateles, N. Y.. i Dec. 21, 1867 jFirst National Bank, Jackson, Miss. [ Dec. 26, 1867 :First National Bank, Down in <.'town, Pa ! Jan. 14, 1868 ;First National Bank, Titusvilfe, Pa . I Jan. 15, 1868 jAppleton National Bank, Appleton. Wis! Jan. 21, 1868National Bank of Whitestown, N. Y j Feb. 14, 1868 |First National Bank, Now Brunswick, !

N. J ; Feb. 26, 1868First National Bank, Cuyahoga Falls, j

Ohio. . " Mar. 4,1868:First National Bank, Cedarburg, Wis...! Mar. 23,1868Commercial National Bank, Cincinnati, i

Ohio I Apr. 28, 1868 ISecond National Bank, Watertown, N. Y July 21,1868 |First National Bank, South Worcester, i j

N Y - i Aug. 4,1868 |National Mechanics' and Farmers' Bank,

Albany, N. Y Aug. 4,1868Second National Bank. DesMoines, Iowa.! Aug. 5,1868First National Bank, Steubenville, Ohio., Aug. 8,1868First National Bank, Pluraer, Pa l Aug. 25,1868First National Bank, Danville, Ya j Sept. 30, 1868First National Bank, Dorchester, Mass.! Nov. 23, 1868First National Bank, Oskaloosa, Iowa ..[ Dec. 17, 1868Merchants' and Mechanics' National

Bank, Troy, N. Y . . . Dec. 31,1868National Savings Bank, Wheeling, W. Ya Jan. 7,1869g , g,First National Bank, Marion, ObioNational Insurance Bank, Detroit, MichNational Bank of Lansingburg, N. Y . . .National Bank of North America, New

York, N. YFirst National Bank, Hallo well, MeFirst National Bank, Clyde, N. YPacific National Bank, New York, N. Y.Grocers' National Bank, New York, N. Y.Savannah National Bank, Savannah, Gra.

Jan. 12, 1869 ]Feb. 26,1869Mar. 6,1869

Apr. 15,1869Apr. 19,1869Apr. 23,1869May 10,1869 '•June 7,1869 iJune 22,1869July 30,1869 ;

$100,00030, 000

First National Bank, Frostburg, MdFirst National Bank, La Salle, 111. . . . . . . j Aug. 30,1869National Bank of Commerce, George- ' j

town, D. C Oct. 28,1869 |*• New bank with same title. t Never completed orgauiz;

200, 000100, 000100, 000400,00050, 000

100, 000100, 000

200, 000100, 000150, 000

150, 00060, 000

300, 000

200, 000100, 000500, 000200,000

50,000 {200,000150,000 I100,000 j100,000100, 000 I

50, 000 i120,000 j

|100,000 j

50, 000 !100, 000

500, 000100, 000

175, 500

350,00050, 000

150,000100, 000 I50,000 I

150,000 |75, 000 |

300, 000 '100, 000125, 000200, 010150, 000

., 000, 00060, 00050, 000

422, 700390, 000100, 00050, 00050, 000

100, 000btion.

Circulation.

Issued.

$90, 00025, 500

100, 000

192, 50045, 00085, 00090, 000

180, 00090, 000

127, 000

Retired.

$89, 87525, 383

Out-standing.

1 i191,05844,33083,018 !89,455 !

|

176,383 I88,485 I

125,480 !

$125117

920

1,442670

1,982545

3,6171, 5151,520

130, 00054, 000

None.

None.None.

450, 000180, 00045, 000

180, 000135, 00045, 50090, 00086, 75045. 00045, 500

90, 000

45, 00090, 000

345, 95090, 000

157, 400

314, 95042,500;

135, 000 '87, 50045, 000

132, 50067, 500

184, 75090, 000

109, 85085, 000

135, 000

333,00053, 35044,000

134, 99085, 25085, 00045, 00045, 000

90, 000

128, 44353, 045

442, 840177,18944, 521179, 850133, 47845, 25088, 77685, 53444, 33045,158

88, 484

44, 37789, 312

342, 62088, 300

155, 551

311, 95542, 097

132, 43285, 79744, 550130, 08466, 902

168, 93689,175

108. 75484, 353

133, 592

330, 08252, 85643,185133, 88784, 73684, 28044, 70844, 440

88, 945

1,557955

7,1602,811479

1,1501,522250

1,2241,216670342

1,516

623688

3,3301, 700

2,849

2,995403

2,5681,703450

2,4L6598

15, 814825

1, 096647

1,408

2,918494815

1,103514720292560

1,055

{ Consolidated with another bank •



National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Bevised Statutes of the United States, tfc.—Continued. •


Miners' National Bank, Salt Lake City,Utah

First National Bank, Yin ton, IowaNational Exchange Bank, Philadelphia,

PaFirst National Bank, Decatur, 111National TJnion Bank, Owego, N. YFirst National Bank, Berlin, Wis . .Central National Bank, Cincinnati, Ohio.First National Bank, Dayton, OhioNational Bank of Chemung, Elmira, N. Y.Merchants' National Bank, Milwaukee,

Date ofliquidation.

W i sFirst National Bank, Saint Louis, Mo. . .Chemung Canal National Bank, Elmira,

N . Y .Central National Bank. Omaha, Nebr*..First National Bank, Clarkwville, Va . . .First National Bank, Burlington, YtFirst National Bank, Lebanon, OhioNational Exchange Bank, Lansingburg,

N . YMuskingum National Bank, Zanesville,

Ohio-.United National Bank, Winona, Minn. . .First National Bank, Des Moines, Iowa.Saratoga County National Bank, Water-

ford, N . Y . . . iState National Bank, Saint Joseph, Mo..First National Bank, Fenton, MichFirst National Bank, Wellsburg, W. Ya .Clarke National Bank, Rochester, N. YCommercial National Bank, Oshkosh,

WisFort Madison National Bank, Fort Mad-

ison, IowaNational Bank of Maysville, KyFourth National Bank, Syracuse, N. Y . .American National Bank, New York,

N . YCarroll County National Bank, Sand-

wich, N. HSecond National Bank, Portland, Me. -.Atlantic National Bank, Brooklyn, N. Y.Merchants' and Farmers' National Bank,

Quincy, 111

Dec. 2,1869Dec 13,1869

Jan. 8,1870Jan. 10,1870Jan. 11,1870 |Jan. 25,1870Mar. 31,1870Apr. 9, 1870June 10,1870 I

June 14,1870 IJuly 16,1870 I

Aug. 3,1870Sept. 23,1870Oct. 13,1870Oct. 15,1870Oct. 24,1870

Dec. 27,1870! Jan. 7,1871Feb. 15,1871Mar. 25, 1871

Mar. 28,1871Mar. 31,1871May 2,1871June 24,1871Aug. 11,1871

Nov. 22, 1871

Dec. 26,1871Jan. 6, 1872Jan. 9,1872

M a y 10,1872

May 24,1872Julie 24,1872July 15,1872

Aug. 8,1872Aug. 9,1872Sept. 10,1872

First National Bank, Rochester, N. Y . . .Lawrenceburg National Bank, IndJewett City National Bank, Jewett City,

Conn ' Oct. 4,1872First National Bank, Knoxville, Tenn .. Oct. 22,1872First National Bank, Goshen, Ind Nov. 7,1872Kidder National Gold Bank, Boston,

Mass Nov. 8,1872Second National Bank, Zanesville, Ohio Nov. 16,1872Orange County National Bank, Chelsea,

Y t . '. j Jan. 14,1873Second National Bank, Syracuse, N. Y . . j Feb. 18,1873Richmond National Bank, Richmond, I

Ind." Feb. 28, 1873First National Bank, Adams, N. Y Mar. 7,1873Mechanics' National Bank, Syracuse,

N. Y ! Mar. 11,1873Farmers' and Mechanics'National Bank, j

Rochester, N.Y I Apr. 15, 1873Montana National Bank, Helena, Mont . . j Apr. 15, 1873First National Bank, Havana, N. Y j June 3,1873Merchants' and Farmers' National Bank,

Ithaca, N. Y . . . June 30,1873National Bank of Cazenovia, N. Y July 18,1873Merchants' National Bank, Memphis,

Tenn Au°" 30 1873Manufacturers'National Bank, Chicago, I

111 ; Sept. 25,1873Second National Bank, Chicago, 111 i Sept. 25,1873

Capital.

$150, 00050, 000

300, 000100, 000100, 000500, 000500, 000150, 000100, 000

100, 000200, 000

100, 000100, 00050, 000300, 000100, 000

100, 000

100, 00050, 000100, 000

150, 000100, 000100, 000100, 000200, 000

100, 000

75, 000300,000105, 500

500, 000

50, 000100, 000200, 000

150, 000400, 000200,000

60, 000100, 000115, 000

300, 000154, 700

200, 000100, 000

230, 00075,000

140, 000

100, 000100, 00050, 000

50, 000150, 000

250, 000

500, 000100, 000

N e w bank with same title.

Circulation.

Issued. Retired.

$135, 00042, 500

175, 75085,250 I88, 25044, 000

425, 000135, 00090, 000

90, 000179, 990

90, 000

27, 000270, 00085, 000

90, 000

90, 00045, 00090, 000

135, 00090, 00049, 50090, 000180,000

90, 000

67, 500270, 00091, 700

450, 000

45, 00081, 000165, 000

135, 000206,100180, 000

48, 75080, 910103, 500

120,000138,140

180, 00090, 000

207, 00066, 900

93, 800

83, 25031, 50045, 000

45, 000116, 770

225, 000

450, 00097,500

$133, 76842, 264

173,18584.14986; 96343, 605420, 040133, 53789, 413

89, 090178, 230

89, 011

26, 810265, 63884,164

89,178

89, 03044, 52589, 004

133, 77189, 41748, 94889, 048

177, 879

89, 047

66, 815267, 79390, 600

442, 325

44,12779, 388

163, 265

133, 385202, 301177,289

47, 96779, 715101, 987

120, 000135, 808

176, 290H8, G55

207, 00065, 779

92, 560

82, 08431, 35544, 085

44,118114, 896

221, 308

442, 20995, 571

Out-standing.

$1,232236

2,5651,1011,287395

4,9601,463587

9101,760

989

1904,362836

822

970475996

1,229583552952

2,121

953

6852, 2071,100

7,675

8731,6121,735

1,6152,7992,711

7831,1951,513

2,332

3,7101,345

1,121

1,240

1,166145915

8821,874

3,692

7,7911 929


REPORT OF THE COMPTROLLER OF THE CURRENCY. 129*

National banks that have aove into voluntary liquidation under the provisions of section*5220 and 5221 of the Revised Statutes of the United States, #c—Continued.


Merchants* National Bank, Dubuque,Iowa

Beloit National Bank, Beloit. WisUnion National Bank, Saint Louis, Mo...City National Bank, Green Bay. WisFirst National Bank, Shel bin a, MoSecond National Bank. Nashville, Tenn..First National Bank, Oueirta, N. YMerchants' National Bank, Hastings,

MinnNational Bank of Tecumseh., MichGallatin National Bank, Shawneetown,

111First National Bank, Brookville, PaCitizens'National Bank, Sioux City, Iowa.Citizens'National Bank, Charlottesville,Va

..._|

Farmers' National Bank, Warren, 111First National Bank, Medina, OhioCroton EiverNational Bank, South East,

N Y

Sept. 30,1873Oct. 2, 1873Oct. 22,1873Nov. 29,1873Jan. 1,1874Jan. 8,1874Jan. 13,1874

Feb.Mar.

7,18743,1874

Mar. 7,1874Mar. 26,1874Apr. 14,1874

Apr. 27.1874Apr. 28,1874May 6,1874

May 25,1874N.YMerchants' National Bank of West Vir-

ginia, Wheeling, W. Va i July 7,1874Central National Bank, Baltimore, Md... | July 15,1874Second National Bank, Leavenworth, I

Kans | July 22,1874Sept. 2,1*874Sept. 10,1874Oct. 10,1874Nov. 9,1874Nov. 10,1874Dec. 4,1874

TeutoniaNational Bank,New Orleans,La.City National Bank, Chattanooga, Tenn..First National Bank, Cairo, 111First National Bank, Olathe, KansFirst National Bank, Beverly, OhioUnion National Bank, La Fayette, Ind ..Ambler National Bank, Jacksonville,

Fla.*Mechanics' National Bank, Chicago, 111..First National Bank, Evansville, WisFirst National Bank, Baxter Springs,

KansPeoples' National Bank, Pueblo, Colo —National Bank of Commerce, Green Bay,

WisFirst National Bank, Millersburg, Ohio..First National Bank, Staunton, VaNational City Bank, Milwaukee, WisIrasburg National Bank of Orleans,

Irasburg, VtFirst National Bank, Pekin, 111....Merchants and Planters' National Bank,

Augusta, GaMonticello National Bank, Monticello,

IowaIowa City National Bank, Iowa City, IowaFirst National Bank, Wheeling W. Va..First National Bank, Mount Clemens,

MichFirst National Bank, Knob Noster, MoFirst National Bank, Brodhead, Wis ...Auburn City National Bank, Auburn,

N.YFirst National Bank, El Dorado, Kans .First National Bank, Junction City, KansFirst National Bank, Chetopa, Kans . . .First National Bank, Golden, ColoNational Bank of Jefferson, WisGreen Lane National Bank, Green Lane,

PaState National Bank, Topeka, KansFarmers' National Bank, Marshalltown,

Iowa -Bichland National Bank, Mansfield, OhioPlanters' National Bank, Louisville, Ky.First National Bank, Gallatin, TennFirst National Bank, Charlestown.W.VaPeople's National Bank, Winchester, 111.

Dec. 7,1874Dec. 30,1874Jan. 9,1875

Jan. 12,1875Jan. 12,1875

Jan. 12,1875Jan. 12,1875Jan. 23, 1875Feb. 24, 1875

Mar. 17, 1875!Mar. 25, 1875 |

Mar. 30, 1875

Mar. 30, 1875Apr. 14, 1875Apr. 22, 1875

May 20, 1875May 29, 1875June 24,1875

June 26, 1875June30,1875July 1, 1875July 19, 1875Aug. 25,1875Aug. 26,1875

Sept. 9,1875Sept. 15,1875

Sept. 18,1875Sept. 25,1875Sept. 30,1875Oct.Oct.Oct.

1,18752,18754,1875

$200, 00050,000500, 00050, 000

100, 000125, 000125,000

100, 00050, 000

250, 000100, 00050, 000

100,00050, 00075, 000

200, 000

500, 000200, 000

100, 000300, 000170, 000100, 00050, 000102,000250, 000

42, 500250,00055, 000

50, 00050, 000

100,000 |100,000 !100,000100,000

75, 000100,000

200, 000 j

100,000125, 000250, 000

50, 00050, 00050, 000

200, 00050, 00050, 00050, 00050, 20060, 000

100, 00060, 500

50, 000150, 000350, 00075, 000100, 00075, 000

$180, 00045, 000150, 30045, 00090, 00092, 920110, 500

90, 00045, 000

225, 00090,000 I45,000 I

90,000 I45,000 !45,000 |

$174, 58244,139147,24843,81988, 47991,010

108, 097

87, 70244,100

220, 80387, 96044, 615

88, 27443, 98944, 510

450,000180, 000 i

90,000 j270,000148,001 !

90,00045, 00090, 000

224, 095

5745 CUR 9* Never completed organization.

144, 90045, 000

36, 00027, 000

90, 00060,400 j90,000 |60,000 j

67,500 I90,000 !

180,000 |

45, 000104, 800225, 000

27, 00045, 00045, 000

141,30045, 00045, 00036, 00027, 00054, 000

90, 00030, 600

27,000130,300315, 00045,00090,00067,500

166, 550 | 163, 066 j

441, 597177,253 I

87,146264, 370145,11087, 83244, 38487, 657218, 915

141,29044,260

35, 44126, 745

88,48559, 52588,13258, 345

65, 760 |87,409 I

i175,890 |

43, 999102,146217, 895

26, 76544, 45944, 243

137, 22744, 28844, 30535,44826, 70552, 482

87, 95030, 282

26,625125, 004299, 88944,23588,437

$5,418861

3, 052'1,181;1, 521/1, 9102, 403

2, 298900*

4,1972, 040385

1,72ft;1,011490

3,484

8,4032, 747

2,8545,6302, 8912,16861ft

2, 34$5,180

3,610-74&

550255

1,515875

1,8681, 655*

1,740-2,591

4,110-

1, 0012, 6547,105-

235*541757/

4,072712695552295

1,518

2,050318

3755,296

15, 111765

1,563^1,812.



^National bank* that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Bevised Statutes of the United States, <fc.—Continued.

Name and locition of bank.

.Tirst National Bank, New Lexington,Ohio

'First National Bank, Ishpeming, Mich...Fayette County National Bank, Wash-

ington, OhioMerchants' National Bank, Fort Wayne,

Ind^KansasCity National Bank. Kansas City,

Mo .

Circulation.

Date ofliquidation.

Tirst National Bank, Schoolcraft, MichFirst National Bank, Curwensville, Pa.^National Marine Bank. Saint Paul, Minn

Oct. 12,1875Oct. 20,1875

Oct. 26,1875

Nov. 8,1875

Nov. 13,1875 |Nov. 17,1875 !Dec. 17,1875 IDec. 28,1875 \

JTirst National Bank, Rochester, Ind Jan. 11,1876JTirst National Bank, Lodi, Ohio Jan. 11,1876Uron National Bank, Portsmouth, Ohio.. Jan. 19,1876IFirst National Bank, Ashland, Nebr .- | Jan. 26,1870IFirst National Bank, Paxton, 111 I Jan. 28,1876IFirst National Bank, Bloorafield, Iowa..| Feb. 5,1876-Marietta National Bank, Marietta, Ohio. Feb. 16,1876-Salt Lake City National Bank, Salt Lake

City, Utah': Feb. 21,1876Tirst National Bank, La Grange, Mo Feb. 24,1876iFirst National Bank, Atlantic, Iowa Mar. 7,1876First National Bank, Spencer, Ind j Mar. 11,1876^National Currency Bank, New York, N. Y Mar. 23,1876Caverna National Bank, Caverna, Ky . . . May 13,1876City National Bank, Pittsburgh, Pa ! May 25,1876National State Bank, Des Moines, Iowa. June 21,1876First National Bank, Trenton, Mo June 22,1876First National Bank, Bristol, Tenn July 10,1876First National Bank, Leon, Iowa July 11,1876Anderson County National Bank, Law- I

renceburg, Ky I July 29,1876First National Bank, Newport, Ind Aug. 7,1876First National Bank, De Pere, Wis Aug. 17,1876-Second National Bank, Lawrence, Kans. Aug. 23,1876"Commercial National Bank, Versailles,KyEstate National Bank, Atlanta, Ga^Syracuse National Bank, Syracuse, N. Y..First National Bank, Northumberland,PaFirst National Bank, Lancaster, MoFirst National Bank, Council Grove, KansNational Bank Commerce, Chicago, 111..'First National Bank, Palmyra, MoFirst National Bank, Newton, Iowa.National Southern Kentucky Bank, Bow-

ling Green, KyFirst National Bank, Monroe, Iowa..First National Bank, New London, Conn

Aug. 26,1876Aug. 31,1876 iSept, 25,1876Oct. 6,1876Nov. 14,1876Nov. 28,1876Dec. 2,1876Dec. 12,1876Dec. 16,1876

Dec. 23,1876Jan.Jan.

1,18779,1877

Winona Deposit National Bank, Winona, jMinn i Jan. 28,1877

First National Bank, South Charleston, j |Ohio i Feb. 24,1877 I

Lake Ontario National Bank, Oswego, jN.Y Feb. 24,1877

First National Bank, Sidney, Ohio i Feb. 26,1877Chillicothe National Bank, Ohio Apr. 9,1877IFirst National Bank, Manhattan, Kans.. Apr. 13,1877^National Bank, Monticello, Ky ! Apr. 23,1877iFirst National Bank, Rockville, Ind . . . . Apr. 25,1877•Georgia National Bank, Atlanta, Ga j May 3J, 1877First National Bank, Adrian, Mich | June 11,1877First National Bank, Napoleon, Ohio \ June 30,1877First National Bank, Lancaster, Ohio . . . ! Aug. 1,1877First National Bank, Minerva, OhioKinney National Bank, Portsmouth, OhioFirst National Bank, Green Bay, Wis. . .National Exchange Bank, Wakefleld, R. IFirst National Bank, Union City, Ind.. .First National Bank, Negaunee, Mich . .Tenth National Bank, New York, N. Y .First National Bank, Paola, KansNational Exchange Bank, Troy, N. T . . .Second National Bank, La Fayette, Ind.State National Bank, Minneapolis MinnSecond National Bank, Saint Louis, Mo

Aug. 24,1877Aug. 28,1877Oct. 19,1877Oct. 27,1877Nov. 10,1877Nov. 13,1877Nov. 23,1877Dec. 1,1877Dec. 6,1877Dec. 20,1877Dec. 31,1877Jan. 8,1878

Capital.

$50, 00050, 000

100, 000

100, 000

100, 00050, 000100, 000100, 00050, 000100, 000100, 00050, 00050,00055, 000

150, 000

100, 00050,00050,00070, 000100, 00050, 000200, 000100, 00050, 00050, 00060, 000

100, 00060, 00050, 000100,000170, 000200, 000200,000100,00050, 00050, 000

250, 000300,00050, 000

50, 00060, 000100, 000

100, 000

100, 000

275, 00052, 000100, 00052, 00060, 000

200, 000100, 000100, 00050, 00060, 00050,000100, 00050, 00070, 00050, 00050, 000500, 00050, 000

100, 000200, 000100, 000200, 000

Issued.

$45, 00045, 000

81, 280

46, 820

90, 00045, 00090, 00059, 71045, 00090, 00090, 00045, 00045, 00049, 50090, 000

45,00045, 00045, 00063, 00045, 00045, 00068, 92950, 79545, 00045, 00045, 000

45, 00045, 00031, 50067,500153, 00073, 725117,96162,10627, 00026, 50071, 46546,14045, 000

27, 00035, 70038, 300

63, 285

90, 000

66, 40546, 20053, 82544, 20049, 500173, 09045, 00043, 50045, 00054, 00045, 00090, 00045, 00034, 65045, 00045, 000

441, 00044, 35090, 00052,16782, 50053, 055

Retired.

$44, 30943, 833

79, 576

45, 635

87, 92244, 08786, 07357, 08042, 72085, 95188, 01744, 30743,18247, 92586, 637

43, 61743, 86243, 88761, 82743,13544, 23065, 74548,10543, 90144, 22542, 812

44, 24042, 36331, 02165, 425146, 78070, 045110, 27458, 71826, 60225, 84068,43643, 92440, 809

26, 39534, 26035, 461

59,125

85, 557

61, 09343, 89249, 87042, 67144, 085162, 39042, 57540, 90942, 83751, 01543, 35786, 54942, 52531, 46242, 62542, 774401, 73941, 95983, 90045, 97475, 72145, 680

Out-|standing.

$6911,167

1,704

1,185

2,078913

3,9272,6302,2804,0491,983693

1,8181,5753,363

1,3831,1381,1131,1731,865770

3,1842,6901,099775

2,188

7602,637479

2,0756,2203,6807,6873,388398660

3,0292, 2164,191

6051,4402,839

4,160

4,443

5,3122,3083,9551,5295,41510, 7002,4252,5912,1632,9851,6433,4512,4753,1882,3752,22639,2612,3916,1006,1936, 7797,375



National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, cfc.—Continued.

Circulation.

Name and location of bank. Date ofliquidation. Capital.

First National Bank, Sullivan, IndRockland County National Bank, Nyack,

N.Y -First National Bank, Wyandotte, Kans .First National Bank, Boone, IowaFirst National Bank, Pleasant Hill, MoNational Bank of Gloversville, N. YFirst National Bank, Independence, Mo.National State Bank, Lima, IndFirst National Bank, Tell City, IndFirst National Bank, Pomeroy, OhioEleventh. Ward National Bank Boston,

MassFirst National Bank, Prophetstown, 111.,First National Bank, Jackson, Micb ',First National Bank, Eau Claire, Wis ...!First National Bank, Washington, Ohio jFirst National Bank, Middleport, Ohio.. •First National Bank, Streator, 111First National Bank, Muir, Mich IKane County National Bank, Saint I

Charles, 111' iFirst National Bank, Carthage, Mo jSecurity National Bank, Worcester, I

Mass iFirst National Bank, Lake City, Colo .. . |People's National Bank, Norfolk, Ya jTopeka National Bank, Topeka, Kans... jFirst National Bank, Saint Joseph, Mo.. jFirst National Bank, Winchester, Ind ..!

Muscatine National Bank, Muscatine, <Iowa ;

Traders' National Bank, Chicago, 111 jUnion National Bank, Rah way, N. J iFirst National Bank, Sparta, Wis jHerkimer County National Bank, Little

Falls, N . T . . . :Farmers' National Bank, Bangor, Me ...Pacific National Bank, Council Bluffs,

Iowa ,First National Bank, Anamosa, Iowa ...Smithfield National Bank, Pittsburgh,

PaFirst National Bank, Buchanan, Mich ..!First National Bank, Prairie City, 111...Corn Exchange National Bank, Chicago,

111Franklin National Bank, Columbus, OhioTraders' National Bank, Bangor, MeFirst National Bank, G-onio, N. HFirst National Bank, Salem, N. CFirst National Bank, Gran ville, Ohio ...Commercial National Bank, Petersburg,

Ya ::.First National Gold Bank, Stockton, Cal.First National Bank, Sheboygan, Wis...First National Bank, Boscobel, WisNational Marine Bank, Oswego, JN. Y ..Central National Bank, Hightstown, N. J.Bm)okville National Bank, Brookville,

IndFarmers' National Bank, Centreville,

Iowa !First National Bank, Clarinda, Iowa . . . .Waterville National Bank, Waterville, i

Me !First National Bank, Tremont, Pa !First National Bank, Atlanta, 111 \Union National Bank, Aurora, 111 !National Bank of Menasha, Wis jNational Exchange Bank, Jefferson City, !

M o -iFirst National Bank, Hannibal, MoMerchants' National Bank, Winona, Minn.Farmers' National Bank, Keithsburg, 111.First National Bank, Franklin, Ky

Jan. 8,1878 • $50, 000

Issued. Retired.

Jan.Jan.Jan.Feb.Feb.Mar.Mar.Mar.Mar.

10,187819,187822,18787,1878

28,18781,1878 !2,1878 j4,1878 I5,1878 |

Mar. 14,1.878 iMar. 19, 1878 iMar. 26,1878 !

Mar. 30,1878 jApr. 5,1878 'Apr. 20,1878 jApr. 24, 1878 :

Apr. 25,1878 j

May 31,1878 !June 1,1878 j

June 5,1878 IJune 15,1878 |July 31,1878Aug. 7,1878Aug. 13,1878Aug. 24,1878

Sept. 2,1878Sept. 4,1878Sept. 10,1878Sept. 14,1878

Oct. 11,1878 !Nov. 22,1878 j

Nov. 30,1878Dec. 14,1878 j

Dec. 16,1878 IDec. 21,1878 !Dec. 24,1878 j

iJan. 4,1879 |Jan. 4,1879 !Jan. 14,1879Jan. 14,1879 jJan. 14,1879 iJan. 14,1879 j

Jan. 14,1879 IJan. 14,1879 !Jan. 14,1879 |Jan. 21,1879Jan. 25,1879 iFeb. 15, 1879 !

Feb. 27,1879Mar. 1,1879

Mar. 3,1879Mar. 4,1879Apr. 15,1879Apr. 22,1879Apr. 26,1879

May 8,1879May 15,1879June 16,1879July 3,1879July 5,1879

100, 000 !50,000 j50,000 I50,000 j

100,000 I50,000 !

100,00050, 000

200, 000

200, 00050, 000

100, 00060, 000

200, 00080, 00050, 00050, 000

50, 00050, 000

100, 00050, 000

100, 000100, 000100, 00060, 000

100, 000200,000 I100,000

50, 000

200, 000100, 000

100, 00050, 000

200, 00050, 00050, 000

500,000 I100,000100,000 !60,000150,000 !50,000 I

120, 000300, 00050, 00050, 000

120, 000100, 000

Feb. 18,1879 ! 100, 000 j

50, 00050, 000

125, 00075, 00050, 000

125, 00050, 000

50, 000100, 000100, 00050, 000100,000

$45, 000

89,00045, 00032, 40045, 00064, 75027, 00033, 47144, 50075, 713

89, 40045, 00088, 40038, 46169, 75031, 50040, 50044,200

26, 30044, 500

49, 00029, 30085, 70589, 30067,11052, 700

44,200 !43,700 i89,20045,000 |

178,30089,100

45, 00044, 500

90, 00027, 00027, 000

59* 16093, 07076, 40045, 597128, 20034, 365

99, 800238, 60045, 00043, 900 I44,30032,400 j

89,000 j

41, 50045, 000

110, 30064, 60026, 500'82, 00044, 500

45, 00088, 20035, 00027, 00054, 000

$43, 255

82, 75143, 05330, 28542, 73459, 76423, 48629, 88243,229 I69,160 ;

I84,13043, 79381, 26036, 28062, 41030, 47539, 20542, 061

24, 45342, 398

45,17528, 57473, 51576, 72157, 72546, 899

36, 84136, 23580,15740, 969

157, 66578, 287

42, 60037, 886

74, 95025, 39520, 960

49, 92782, 28363, 58540, 278109, 56029, 894

82, 013200, 05141, 66840, 51640,17230, 315

74, 200

39, 00242, 982

97, 56652, 29821, 90067, 39341, 487

39, 73473,89732, 32722,74046, 310

$1, 745

6,2491,9472,1152,2664,9863, 5143,5891,2716,553

5,2701,2087,1402,2817,3401,0251,2952,139

1,8472,102

3,825726

12,19012, 5799,3855,801

7,3597,4659,0434,031

20, 63510, 813

2,4006,614

15, 0501,6056,040

9,23310, 78712, 8155,31918, 6404,471

17, 78738, 5493,3323,3844,1282,085

14, 800

2,4982,018

12, 73412, 3024,600

14, 6073,013

5,26614,3032,6734,2607,690



National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, <f c.—Continued.


National Bank of Salem, Salem, Ind . . .Fourth National Bank, Memphis, TennBedfoid National Bank, Bedford, Ind..First National Bank, Afton, IowaFirst National Bank, Deer Lodge, MontFirst National Bank, Batavia, 111National Gold Bank and Trust Company,

San Francisco, CalGainesville National Bank, Gainesville,

AlaFirst National Bank, Hackensack, N. JNationalBank of Delavnn, Delavan,WisMechanics' National Bank, Nashville,

TennManchester National Bank, Manchester,

OhioFirst National Bank, Meyersdale, Pa ...First National Bank, Mifflinburg, Pa... .National Bank of Michigan, Marshall,

MichNational Exchange Bank, Houston,TexAscutuey National Bank,Windsor,Vt...First National Bank, Seneca Falls, N. Y.First National Bank, Baraboo, WisBundy National Bank, New Castle, Tud.Vineland National Bank, Yineland, N. J.Ocean County National Bank, Tom's

Hiver, N.J ...Hungerford National Bank, Adams, N. Y.Merchants' National Bank, Minneapolis,

Minn.Farmers' National Bank, Mechanicsburg,

OhioFirst National Bank, Green Spring, Ohio.First National Bank,Cannon Falls, Minn.First National Bank, Coshocton, Ohio...Manufacturers' National Bank, Three

Rivers, MichFirst National Bank, Lansing, IowaFirst National Bank, Watertown, N. Y..First National Bank, Americus, Ga....First National Bank, Saint Joseph, MichFirst National Bank, Logan, OhioFirst National Bank, Kochelle, 111First National Bank, Shakopee, Minn ..National State Bank, Oskaloosa, Iowa..First National Bank, Hobart, N. YAttica National Bank, Attica, N. YNational Bank of Brighton, Boston, MassClement National Bank, Rutland, Vt.*.First National Bank, Lisbon, IowaFirst National Bank, Warsaw, IndBrighton National Bank, Brighton, Iowa.Merchants' National bank, Denver, Colo.Merchants' National Bank, Holly, Mich..First National Bank, Alliance, Ohio . . .National Union Bank, New London, ConnNational Bank of Royalton, YtFirst National Bank, Whitehall, N. Y ...National Bank of Pulaski.Tenn .First National Bank, Alton, 111.

Date ofliquidation.

Havana National Bank, Havana, N. Y ...First National Bank, Brownsville, Pa .. .Second National Bank, Franklin, IndMerchants' National Bank, Georgetown,

ColoCommercial National Bank, Toledo, Ohio.Harmony National Bank*, Harmony, Pa..First National Bank, Liberty, IndManufacturers' National Bank, Amster-

dam, N.YFirst National Bank, Bay City, Mich....First National Bank, Ripley, OhioNational Bank of State of New York,

New York, N.Y

July 8,1879July 19,1879July 21,1879Aug. 15,1879Aug. 16,1879Aug. 30,1879

Sept. 1,1879

Nov. 25,1879Dec. 6,1879Jan. 7,1880

Jan. 13,1880

Jan. 13,1880Mar. 5,1880Mar. 8, 1880

May 14,1880Sept. 10,1880Oct. 19,1880Nov. 23,1880Nov. 27,1880Dec. 6,1880Jan. 11,1881

Jan. 11,1881Jan. 27,1881

Jan. 31,1881

Feb. 18,1881Feb. 18,18*1Feb. 21,1881Feb. 21,1881

Feb. 25,1881Feb. 25,1881May 26,1881June 17,1881June 30,1881July 8,1881Aug. 9,1881Aug. 10,1881Aug. 13,1881Aug. 27,1881Aug. 30,1881Oct. 4,1881Aug. 1,1881Nov. 1,1881Dec. 1,1881Dec. 15, 1881Dec. 24,1881Dec. 31,1881Jan. 3,1882Jan. 10,1882Jan. 10,1382Jan. 18,1882Jan. 23,1882Mar. 20,1882Apr. 15,1882May 2,1882June 20,18b2

June 22,1882July 6,1882July 7,1882July 22,1882

Aug. 1,1882Nov. 8,1882Nov. 10,1882

Dec. 6,1882*New bank witk tame title.

Capital.

$50, 000125, 000100, 00050, 00050, 00050, 000

750, 000

100, 000100, 00050, 000

100, 000

50, 00050, 000

100, 000

120, 000100, 000100, 00060, 00050, 00050.00050, 000

100, 00050, 000

150, 000

100, 00050, 00050, 00050, 000

50, 00050, 000

• 100, 00060, 00050, 00050, 00050, 00050, 00050,000

100, 00050, 000

300, 000100, 00050, 00050, 00050, 000

120, 00050, 00050, 000

300, 000100, 00050, 00070, 000100, 00050/00075, 000

100, 000

50, 000100, 00050, 00060, 000

80, 000400, 000100, 000

800, 000

Issued.

$44, 40045, 00087, 20026, 50045, 00044, 300

40, 000

90, 00090, 00027, 000

90, 000

48, 30330, 60090, 000

100, 80031, 50090, 00054, 00027, 00045, 00045, 000

119, 40545, 000

98, 268

30,14045, 00045, 00053, 058

45, 00045, 00075, 51045, 00026, 50045, 00045, 00045, 00081, 66590, 00045, 000

270, 000

45, 00048, 50045, 00072, 00045,00045, 000

112, 81890, 00045,00043, 70090, 00045, 00067, 50081, 060

45, 00090, 00045, 00054, 000

72, 000156,10069, 201

397,004

Circulation.

Retired.

$42, 34636, 58581, 83523, 82942, 52539, 562

25, 860

70, 69576, 62822, 460

69, 350

40, 45728, 43570, 940

84, 69725, 06473, 33750,1632z, 88142, 72342, 053

94, 9153li, 122

91,195

27, 32040, 39639, 05048,178

40, 20540, 00254, 53040, 99321,91840, 38038, 96536, 89063, 24070, 27937,710

212, 650

37, 95041,10537,81544,06039, 29935, 04082, 95567,26233,81031, 60567, 56137, 42247,24553, 690

36, 69868, 43030, 99039, 620

55, 370107,11046,001

295,414

Out-standing.

$2, 0548,4155,3652,6712,4754,738

14,140

19, 30513, 3724,540

20,650

7,8462,16519, 060

16,1036, 43616, 6633,8374,1192,2772,947

24, 4908,878

7,07a

2,8204,8045,9504,880

4,7954,998

20, 9804, 0054,5824,6206,0358,110

18,42519,7217,290

57, 350

7,0507,3957,185

27, 9405,7019,96029,86322, 73811,19012, 09522,4397,578

20, 25527,370

8,30221,57014,01014,380

16,63048,99023,200

101, 590



National banks that have gone into voluntary liquidation under the provisions of sections5220 aud 5221 of the Revised Statutes of the United States, <f c.—Continued.

Name and location of bank. Date ofliquidation.

Dec. 12,1882 $100,000Dec. 26,1882 100, 000Dec. 30,1882 200, 000

Capital.

Dec. 30,1882Dec. 30,1882Jan. 3,1883Jan. 9,1883

First National Bank, Wellington, Ohio..Second National Bank, Jeffeison, Ohio . .First National Bank, Painesville, Ohio ..Saint Nicholas National Bank, New

York.N. YFifth National Bank, Chicago, 111First National Bank, Dowagiac, Mich . . .First National Bank, Greenville, IIIMerchants' National Bank, East Sagi-

naw, MichLogan County National Bank, Russell-

ville.Ky. Jan. 9,1883 1National Bank of "Vandalia, 111 Jan. 11,1883 |Traders' National Bank, Charlotte, N. C. Jan. 16,1883 |First National Bank, Norfolk, Nebr | Feb. 3,1883 ;First National Bank, Midland City, \ \

Mich* Feb. 5,1883 jCitizens' National Bank, New Ulin, Minn.! Mar. 1,1883 INational Bank of Owen, Owentou, Ky.. . Mar. 5,1883 |Merchants' National Bank, Nashville,

Ten a June 30,1883Indiana National Bank, Bedford, Ind. . . . Aug. 25,1883Stockton National Bank, Stockton, Cal..I Oct. 1,1883Wall Street National Bank, New York,

N. Y Oct. 15,1883Commercial National Bank, Reading, Pa Oct. 23,1883Corn Exchange National Bank, Chicago,

111* Nov. 10,1883Farmers' National Bank, Sullivan, Ind.. Dec. 24,1883City National Bank, La Salle, 111 ! Jan. 8,1884Hunt County National Bank, Greenville, ! I

Tdx ! Jan. 22,1884Waldoboro' National Bank, Waldoboro', I

Me i Jan. 31,1884Third National Bank, Nashville, Tenn.J Feb. 20, 1884Madison County National Bank, Ander- |

son, Ind . . . ' Mar. 25,1884First National Bank, Phoenix, Ariz Apr. 7,1884Cobbossee National Bank, Gardiner, Me. Apr. 18,1884Mechanics and Traders' National Bank, I

New York, N. Y j Apr. 24,1884Princeton National Bank, Princeton. N.J. May 17,1884Kearsarge National Bank, Warner, N. H. June 30,1884Second National Bank, Lansing, Mich... July 31,1884First National Bank, Ellensburg, Wash. Aug. 9,1884German National Bank, Millerstown, Pa. Aug. 12,1884Exchange National Bank, Cincinnati, I

Ohio Aug.27,1884First National Bank, Rushville, 111 Sept. 30,1884Mechanics' National Bank, Peoria, 111... Oct. 4,1884First National Bank, Freeport, Pa j Oct. 10,1884Genesee County National Bank, Batavia,

N. Y i Oct. 11,1884Valley National Bank, Red Oak, Iowa... Oct. 20,1884Merchants' National Bank, Bismarck,

Dak Oct. 28,1884Manufacturers' National Bank, Minne- i

apolis, Minn Nov. 1,1884Farmers and Merchants'National Bank,

Uhricsville, Ohio Nov. 10,1884 jMetropolitan National Bank, New York,

N.Y Nov. 18,1884First National Bank, Grand Forks, Dak. | Dec. 2,1884Freehold National Banking Company,

Freehold,N.J Dec. 10,1884Albia National Bank, Albia, Iowa Dec. 16,1884First National Bank, Carlinville, 111 Dec. 16,1884Iron National Bank, Gunnison, Colo Dec. 8,1884Freeman's National Bank, Augusta, Me. Dec. 26,1884First National Bank, Kokomo, Ind Jan. 1,1885First National Bank, Sabetha, Kans Jan. 2,1885First National Bank, Wyoming, III Jan. 13,1885First National Bank, Tarentum. Pa Jan. 13,1885Farmers' National Bank, Franklin, Tenn. Jan. 24,1885First National Bank, Walnut, 111 Jan. 21,1885

Circulation.

500, 000500, 00050,000

150, 000

J a n . 9,1S83 | 200,000

50, 000100, 000

50, 00045, 0U0

30, 00050, 00056, 000

300, 00035, 000

100,000

500, 000150, 000

700, 00050, 000

100, 000

68, 250

50, 000300, 0U0

50, 00050, 000

150, 000

200,000100, 000

50, 00050, 00050,00050, 000

500, 00075, 000

100, 00050, 000

50, 000 I50 000 I

73,000 j

300,000

50, 000

3, 000, 00050, 000

50, 00050, 00050, 00050, 000100, 000250, 00050, 00050, 00050, 00050, 00060, 000

Issued.

$90, 00090, 000

162, 800

450, 00029, 70045, 00059, 400

101,100

40, 05090, 00038, 80011, 240

Retired.

I

45, 00022, 500

17,300 I

44,000180,000 i

45, 00011, 24090, 000

85, 40072, 50023, 58640, 00013, 50045, 000

78,000 !66,500 I72,000 !44,200 i

45, 00022,150

22, 500

45,000

34, 600

1, 447, 00019, 250

93, 00011, 24022, 45011, 25090, 00045, 00010,74011, 20042, 50010, 74036, 000

$60, 9u657,910

104, 460

298, 53015, 31030, 94834, 590

65, 480

29, 43052, 42027 5705,190

21, 0706,870

5,350

21, 74091, 170

20, 8504,73040,140

38, 47036, 22010, 90612, 4004,90012,175

18,41015, 94019, 59011, 680

16, 660

6,280

3,250

8,260

8,110420, 2705,330

28, 8302,3905,9703,03030,3209,8802,0001,9507,9801,3705,680

Out-standing.

$29,09432, 09058,340

151,47014,39014, 05224, 810

35, 620

10, 62037, 58011, 2306,050

23, 93015, 630

11, 950

22, 26088,830

24,1506,510

49, 860

46, 93036, 28012, 68027, 6008,600

32, 826

59,59050, 56052, 41032, 520

28,340

15, 870

19,250

36,740

26,4901, 026,730

13,920

64,1708,85016, 4808,220

59, 68035,1208,7409,25034, 5209,37030,320

* No circulation issued.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

134 REPOKT OF THE COMPTROLLER OF THE CURRENCY.

National Panics that have gone into voluntary liquidation under the provisions of sec5220 and 5221 of the Revised Statutes of the United States, $c—Continued.


Citizens' National Bank, Sabetha, Kans.First National Bank, Tucson, ArizRipon National Bank, Ripon, WisFarmers' National Bank, Franklin, Ohio.National Union Bank, Swan ton, VtFirst National Bank, Prescott, ArizGerman National Bank, Memphis, Tenn.First National Bank, Superior, WisShetucket National Bank, Norwich,

ConnCumberland National Bank, Cumber-

land, R.IMerchants and Farmers' National Bank,

Shakopee, MinnFirst National Bank, Columbia, Tenn . . .Union National Bank, New York, N. Y..Manufacturers' National Bank, Apple-

ton , WisFirst National Bank, Plankinton, Dak...

Date ofliquidation. Capital.

Jan.Jan.Feb.Apr.Apr.Apr.MayMay

27,188531,18857,18851,188528,18859,18856,188516,1885

May 18,1885

June 5,1885

May 12,1885July 14,] 885July 21,1885

Oct. 10,1885Oct. 21,1885

$50, 000100, 00050, 00050, 00050, 00050, 000175, 300

60, 000

100, 000

125, 000

50, 000100, 000

1,200,00050, 00050, 000

91, 184, 780

Circulation.

Issued.

$11, 24028,10016, 20027, 35043, 80011, 250

120,10018, 900

72, 000

112, 500

10,24066, 80025,100

45, 00011, 250

35, 924, 924

Retired.

$1, 8206,7201,9603,3405,0301,760

15, 6902,040

10,100

14, 940

7403,630

950NoneNone

30, 820 996

Out-standing.

$9, 42021, 38014, 24024, 01038, 7709,490

104, 410

16, 860

61, 900

97, 5609,500

63,17024,150

45, 00011,250

5,103, 928



National hanks that have gone into voluntary liquidation under the provisions of section®5220 and 5221 of the Revised Statutes of the United States, for the purpose of organizing?new associations with the same or different title, with date of liquidation, amount of capi-tal, circulation issued, retired, and outstanding on November ] , 1885.

Xame and location of bank. Date ofliquidation. Capital.

Circulation.

Issued, j Retired. I Out-I standings.

First National Bank, Kondout, N. Y . . . i Oct. 30,1880 !First National Bank, Huntington, Tnd .. Jan. 31,1881 |First National Bank, Indianapolis, Ind.. j July 5,1881 IFirst National Bank, Valparaiso, Ind . . . j Apr. 24,1882First National Bank, Still water, Minn .. I Apr. 29,1882First National Bank, Chicago, 111 | Apr. 29,1882First National Bank, Woodstock, 111.... j Apr. 30,1882 |Second National Bank, Cincinnati, Ohio. I Apr. 28,1882Second National Bank, New York, N. Y.l Apr. 28,1882First National Bank, Portsmouth, N. H .! Apr. 29,1882First National Bank, Richmond, Ind May 5,1882Second National Bank, Cleveland, Ohio . May 6,1882First National Bank, New Haven, Conn. May 6,1882First National Bank, Akron, Ohio ! May 2,1882First National Bank, Worcester, Mass... May 4,1882First National Bank, Barre, Mass ! May 9,1882First National Bank, Davenport, Iowa.. May 9,1882First National Bank, Kendallville, Ind.. May 12,1882First National Bank, Cleveland, Ohio . . . May 13,1882First National Bank, Youngstowrt, Ohio. May 15,1882First National Bank, Evausville, Ind May 15, 1882First National Bank, Salem, Ohio May 15,1882First National Bank, Scranton, Pa May 18,1882First National Bank, Centreville, Ind. . . May 18, 1882First National Bank, Fort Wayne, Ind .. May 22,1882First National Bank, Strasburg, Pa May 22,1882First National Bank, Marietta, Pa May 27,1882First National Bank, La Fayette, Ind . . . May 31,1882First National Bank, McConnelsville,

Ohio I May 31,1882 iFirst National Bank, Milwaukee, Wis.. . May 31,1882 |Second National Bank, Akron, Ohio | May 31,1882First National Bank, Ann Arbor, Mich .| June 1,1882First National Bank, Geneva, Ohio June 1, 1882First National Bank, Oberlin, Ohio . . . June 1,1882First National Bank, Philadelphia, Pa ..First National Bank, Tro/p, OhioThird National Bank, Cincinnati, Ohio..First National Bank, Cambridge City,

I n dFirst National Bank, Lyons, IowaFirst National Bank, Detroit, Mich . . . .First National Bank, Wilkes Barre, Pa , ,First National Bank, Iowa City, Iowa ..[ June24,1882First National Bank, Nashua, N. H | June 24,1882First IS ational Bank, Johnstown, Pa ...! June 24,1882

June 10,1882June 10,1882June 14,1882 j

June 15,1882 IJune 15,1882June 17,1882June 20,1882

First National Bank, Pittsburgh, PaFirst National Bank, Terre Haute, Ind..First National Bank, Hollidaysburg, PaFirst National Bank, Bath. MeFirst National Bank, Janesville, Wis . . .First National Bank, Michigan City, IndFirst National Bank, Monmouth, 111 . . . I July 3,1882First National Bank, Marion, IowaFirst National Bank, Marlborough, MassNational Bank of Stanford, KyFirst National Bank, Sandusky, Ohio . . .First National Bank, Sandy Hill, N. Y..First National Bank, Lawrenceburg, IndFirst National Bank, Cambridge, Ohio ..First National Bank, Oshkosh, WisFirst National Bank, Grand Rapids, MichFirst National Bank, Delphos, OhioFirst National Bank, Freeport, 111First National Bank, Elyria, OhioFirst National Bank, Troy, N. Y.

June 29, 1882June 29,1882June 30,1882June 30,1882June 30,1882June 30,1882

July 11,1882Aug. 3,1882Oct.Oct.

3,18826,1882

Second National Bank, Detroit, Mich . . .Second National Bank, Peoria, 111National Fort Plain Bank, Fort Plain, N.

YLogansport National Bank, Logansport,

IndNational Bank of Birmingham, Ala

Dec. 31, 1882Feb. 24,1883 !Feb. 24,1883 :Feb. 24,1883 iFeb. 24,1883 !Feb. 24,1883Feb. 24,1883Feb. 24,1883Feb. 24,1883 jFeb. 24,1883 jFeb. 24,1883 |

Feb. 24,1883 j

Dec. 1,1883 ;May 14,1884 \

$300, 0001.00, 000300, 00050, 000130, 000

1, 000, 00050, 000

200, 000300,000300,000200,000

1, 000, 000500, 000100, 000300, 000150, 000100, 000150, 000300,000500, 000500, 00050, 000

200, 00050, 000

300, 000100, 000100, 000150, 000

50,000 j200,000 I100,000 !100,000 i100,000 I50,000 I

1,000,000 !200,000 :800,000 |

50,000100,000500,000375,000 !100,000 i100,000 !60,000 i

750,000 j200,00050,000 I

200, 000125, 000100, 00075, 00050, 000

200, 000150,000150, 00050, 000

100, 000100, 000100, 000400, 00050, 000100, 000100, 000300, 000

1, 000,000100, 000

200, 000

100, 00050, 000

$270, 00090, 000279, 248•45, 00083, 45690, 00045, 000180,000376, 890286, 00087, 400

510, 800355, 310114, 822252, 000135,00045, 00090, 000

266, 462441, 529442, 870110, 54045, 00064, 52545, 00079, 20099, 000175, 060

84, 640229,170102, 70685, 07890, 00058, 382

799, 800180, 000609, 500 j

45,00090, 000

336, 345337, 50088, 40090, 00054, 000

594, 000141, 57545, 000180, 000121,05045, 00045, 00045, 000180,000135, 00090, 00045, 00090, 00080, 80047, 800155, 90045, 00053, 50090, 000

229, 550363, 70090, 000

174, 300

16, 85045, 000

$216, 85280, 645

215, 42436, 01571, 47775, 87734, 350121, 320274, 035214,18060, 812

356, 650264,12078, 772

193, 476100, 89329, 74363, 000

181, 688321, 429300, 04078,950 i31,705 '48,925 I29,86159,06271,030138,425 |

60,067 !159,072 !71,932 i63,670 j61,01041, 298540,920 S129,093 j422,430 I

29,872 i55,581 !249,775 I239,700 |63, 575 |66,75037,855 I

402,870 !101,173 j33,250131,870 j81,110 I38.498 i37.499 i34,900 \131,270 |97,35056,890 '31,350 !58,350 |49,100 I35,390 j117,020 i32,300 !41,15054, 000

160, 880223, 880

46, 440

$53,14®9, 35S

63,8248, 985

11, 97914,12310, 65058, 680

102, 85571. 820-26, 588

154,15G91,19a36, 050'58,524.34,.10T15, 257;27, 000-

84, 774A

120,10&142, 830'

31, 590?13, 295-15, 60015,139>20,13827, 970*36, 63fr

24, 573";70, 09830, 77421, 40&28, 990*17, 084

258, 88050, 90T

187, 07O>

15,12834, 419-86, 570'97, 800*24, 82523, 250>16,145

191,13040, 40211, 75048,13039, 940

6,5027,501

10, lOi)48, 73037, 65033,11013, 65031,65031, 70012, 41038, 88012, 70O12, 350>36, 000.68, 670

139, 820*43, 560

111,046 j 63,254

9,60020, 830

7, 25024, 17 to


136 REPORT OF THE COMPTROLLER OF THE CURRENCY

National banks that have gone into voluntary liquiation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, fc—Continued.


SFirst National Bank, Westfield, N. T . . .First National Bank, Incleppnclence, IowaFirst National Bank, Sturgis, MichNational Bank, Rutland, VtKent National Bank, Chesteitown, Md..National Fulton County Bank, Glovers-

ville,N. YFirst National Bank, Centralia, 111National Exchange Bank, Albion, Mich.First National Bank, Paris, MoFirst National Bank, Yaldma. WashFirst National Bank, Flint, Mich

Total

Date ofliquidation.

June 1,1884Oct. 31,1884Dec. 31,1884Jan. 13,1885Feb. 12,1885

Feb. 20,1885Feb. 25,1885Feb. 28, 1885Mar. 31,1885Juno 20,1885June 30,1885

Capital.

$50,000100, 00050,000

500, 00050, 000

150, 00080, 00075, 000

100, 0d050, 000

200, 000

17, 570, 000

Circulation.

Issued.

$42,80090, 00043, 850

238, 70029, 450

135, 00070, 60030, 60089,15514, 650

121, 500

12, 440, 963

Retired.

$16,18020, 57010, 58072,15014,770

28,1909,8306,253

13,1751,5108,760

8, 381, 340

Out-standing.

$26,62069,43033,270

166, 55014,680

106,81060,77024,34775,98013,140

112,740

4,059,623



Nmmes of hanks in liquidation under section 7, act July 12, 1882, with date of expiration ofcharter, circulation issued, retired, and outstanding November 1,1885.


First National Bank, Pontiac, MichFirst National Bank, Washington, Iowa.First National Bank, Fremont, OhioSecond National Bank, Dayton, OhioFirst National Bank, Girard, PaFirst National Bank, Xenia, OhioFirst National Bank, Peru, 111First National Bank, Elmira, N. YFirst National Bank, Chittenango, N. Y.First National Bank, Eaton, OhioFirst National Bank, Leominster, Mass..First National Bank, Winona, MinnAmerican National Bank, Hallowell, Me.First National Bank, Attica, IndCitiasens'National Bank, Indianapolis, IndFirst National Bank, Noith East, Pa.. . .First National Bank, Gralva, 111First National Bank, Thornton, IndMnncie National Bank, Muncie, IndMerchants' National Bank, Evansville,

IndSaybrook National Bank, Essex, Conn..Union National Bank, Albany, N. YBattenkill National Bank, Manchester,

VtFirst National Bank, 0 wosso, MichCoventry National Bank, Anthony, R. IState National Bank, Keokuk, IowaTolland County National Bank, Tolland,

Conn - - -City National Bank, Hartford, ConnWest River National Bank, Jamaica, Vt-

Total

Date ofliquidation.

Dec. 31,1881Apr. 11,1882May 22,1882May 26,1882June 1,1882Feb. 24,1883Feb. 24,1883Feb. 24,1883Feb. 24, 1883July 4,1884July 5,1884July 21,1884Sept. 10,1884Oct. 28,1884Nov. 11,1884Dec. 23,1884Jan. 2,1885Jan. 13,1885Jan. 28,1885

Feb. 6,1885Feb. 20,1885Mar. 7,1885

Mar. 21,1885Apr. 14,1885Apr. 17,1885May 23,1885

June 6,18P5June 9,1885Aug. 17,1885

Capital.

$50, 000100, 000100, 000300, 000100, 000120, 000100, 000100, 000150, 000

50, 000300. 000

50, 00075, 00056, 000

300, 00050, 00050, 00050, 000

200, 000250, 000100, 000250, 000

75, 00060, 000

100, 000150, 000

100, 000550, 000

60,000

4, 096, 000

Circulation.

Issued.

$90,00088, 56590, 000

262, 94190, 000

108, 00045,00090, 000

135, 00044, 300

244,40044, 20067, 50050,40087, 80024, 55036, 00043, 740

161, 00090, 80061, 200

144,400

57, 70053, 50089, 00045, 000

44,10090, 00054, 000

2, 533,096

Retired.

$65, 37060, 25263, 237

181, 60065, 77564, 55026, 30056, 570

100, 04013, 64090, 69015, 09025, 51019, 40024,4103,0807,800

10, 320

31, 90016, 68010, 09039, 530

10, 8506,990

20, 0104,090

5,32012, 840

2,850

1, 054, 784

Out-standing.

$24, 63028,31326,76381,34124,22543, 45018, 70033, 43034, 96030, 660

153, 71029,11041, 99031, 00063,39021,47028, 20033,420

129,10074,12051,110

104,870

46,85046,51068,99040,910

38,78077,16051,150

1,478, 312


138 REPOET OF THE COMPTROLLER OF THE CURRENCY.

Name8 of Panics in liquidation under section 7, act July 12, 1882, with date of expiration ofcharter, circulation issued, retired, and outstanding, succeeded by associations with thesame or different title, November 1,1885.


First National Bank, Kittanning, PaNational Bank of Beaver County, New

Brighton, PaNational Bank, Beaver Dam, "WisMerchants' National Bank, Cleveland, 0-TJnion National Bank, Chicago, 111First National Bank, Le Roy, N. YEvansville National Bank, IndianaNational Albany Exchange Bank, Al-

bany.N.YNational Bank, Galena, 111National State Bank, La Fayette, Ind...First National Bank, Knoxyille, 111Farmers' National Bank, Eipley, Ohio..City National Bank, Grand Rapids, Mich.Lee County National Bank, Dixon, 111...Fort Wayne National Bank, IndNational Exchange Bank, Tiffin, Ohio...National Bank, Malone, N. YJefferson National Bank, Steubenville, OFirst National Bank, Battle Creek, MichCentral National Bank, Danville, KyKnox County National Bank, Mount

Yernon, OhioFirst National Bank, Haughton, Mich ..National Bank, Fort Edward, N. YNational Bank, Salem, N. YNational Exchange Bank, Seneca Falls,

N YTrumbull National Bank, Warren, Ohio..Attleborough National Bank, North At-

tleborough, MassAmerican National Bank, Detroit, Mich.First National Bank, Paris, 111First National Bank, Saint John, Mich..Second National Bank, Pontiac, Mich...Raleigh National Bank North Carolina,

Raleigh, N. CFirst National Bank, Danville, Ky

Date of liqui-dation.

July 2,1882

Nov. 12,1884Dec. 24,1884Dec. 27,1884Dec. 29,1884Jan. 2,1885Jan. 3,1885-

Jan.Jan.Jan.Jan.Jan.Jan.I Jan.Jan.! Mar.j Mar.I Mar.Mar,Mar.

10,188511,188516,188516,188517,188521,188521,188525,18851,18859,188521,188528,188528,1885

Total.

Apr. 1,1885Apr. 18,1885Apr. 22,1885May 4,1885

May 6,1885July 5,1885

July 17,1885July 24,1885Aug. 12,1885Aug. 14,1885Sept. 1,1885

Sept. 5,1885Sept. 22,1885

Capital.

$200, 000

200,00050, 000

800, 0001, 000, 000

150, 000800, 000

300, 000100, 000300, 000

60, 000100, 000300, 000100, 000350, 000125, 000200, 000150, 000100, 000200, 000

75, 000100, 000100, 000100, 000

100, 000150, 000

100, 000400, 000125, 000

50, 000100, 000

400, 000150, 000

Circulation.

Issued.

7, 535, 000

$199, 500

97, 30041,100228,10062, 800

135, 000543, 050

243, 90055, 900

615, 00043, 60087, 40045, 00041, 500257, 30050, 50065, 900132, 60089, 200180, 000

53, 20045, 00088, 90086,100

88, 400134, 500

84, 300251, 500111, 50021,00043, 700

123, 90090, 000

4, 436, 650

Retired.

$134, 360

25, 2409,060

55, 23014, 07038, 69055, 430

70, 2409, 850

519, 8807,700

17, 94011, 5407,660

41, 9708, 02011, 91021, 78010, 96024, 720

8,0005,31016, 49015, 480

14,4007,160

6,0009,7704,520900

1, 590

3, 5006,280

1,195, 740

Out-standing.

$65, 140

72, 06032, 040172, 87048, 73096, 310

487,620

173, 66046, 05095,12035, 90069, 46033, 46033, 840

215, 33042, 48053,990110, 82078, 240

155, 280

45, 20039, 69072,41070, 620

74, 000127, 340

78, 300241,730106, 98020,10042,110

120, 31083, 720

3, 240, 910



National banks that have been placed in the hands of receivers, together with their capital,circulation issued, lawful money deposited with the Treasurer to redeem circulation, theamount redeemed, and the amount outstanding, on November 1, 1885.

Name and location.

First National Bank, Attica, N. YYenango National Bank, Franklin, PaMerchants' National Bank, Washington,

D.CFirst National Bank, Medina, N. YTennessee National Bank, Memphis, Tenn.First National Bank, Selma, AlaFirst National Bank, New Orleans, LaNational Unadilla Bank, Unadilla, N. Y..Farmers and Citizens' National Bank,

Brooklyn, N. TCroton National Bank, New York, N. Y..First National Bank, Bethel, ConnFirst National Bank, Keokuk, IowaNational Bank of Vicksburg, MissFirst National Bank, Rockford, 111First National Bank of Nevada, * Austin,

NevOcean National Bank, New York, N. Y.. .Union Square National Bank, New York,

N. Y . .liighth National Bank, New York, N. Y...Fourth National Bank, Philadelphia, Pa...Waverly National Bank, Waverly, N. Y...First National Bank, Fort Smith", ArkScandinavian National Bank, Chicago, 111..Walkill National Bank, Middletown, N. Y.Crescent City National Bank, New Orleans,

LaAtlantic National Bank, New York, N. Y.First Natioual Bank, Washington, D. CNational Bank of Commonwealth, New

York,N.Y |Merchants' National Bank, Petersburg, Va|First National Bank, Petersburg, Va.~ iFirst National Bank, Mansfield, Ohio |New Orleans National Banking Associa- j

tion, New Orleans, La iFirst National Bank, Carlisle, PaFirst National Bank, Anderson, Ind !First National Bank, Topeka, Kans \First National Bank, Norfolk, Va jGibson County National Bank, Princeton, I

Ind ..!First National Bank of Utah, Salt Lake !

City, Utah .1Cook County National Bank, Chicago, 111.First National Bank, Tiffin, Ohio ICharlottesville National Bank, Charlottes- !

yille, Va . . . . !Miners' National Bank, Georgetown, Colo.!Fourth National Bank, Chicago, 111 '•First National Bank, Bedford, Iowa |First National Bank, Osceola, Iowa !First National Bank, Duluth, Minn |First National Bank, La Crosse, Wis !City National Bank, Chicago, 111 !Watkins National Bank, Watkins, N. Y.JFirst National Bank, Wichita, Kans !First National Bank, Greenfield, Ohio !National Bank of Fishkill, N. Y |First National Bank, Franklin, Ind jNorthumberland County National Bank,

Shamokin, PaFirst National Bank, Winchester, 111National Exchange Bank, Minneapolis,

Minn ."National Bank of State of Missouri, Saint

Louis, MoFirst National Bank, Delphi, IndFirst National Bank, Georgetown, Colo...Lock Haven National Bank, Lock Haven,

PaThird National Bank, Chicago, 111Central National Bank, Chicago, 111First National Bank, Kansas City, Mo

Capital.

$50, 000300, 000

200, 00050, 000100, 000100, 000500, 000120, 000

300, 000200, 00060, 000100, 00050, 00050, 000

250, 0001, 000, 000

200, 000250, 000200, 000106,10050, 000250,000175, 000

500, COO300, 000500, 000

750, 000400, 000200, 000100, 000

600, 00050, 00050, 000

100, 000100, 000

50, 000

150, 000500, 000100, 000

200, 000150, 000200, 00030, 00050, 000100, 00050, 000

250, 00075, 00060, 00050, 000200, 000132, 000

67, 00050, 000

100, 000

2, 500, 00050, 00075, 000

120, 000750, 000200, 000500, 000

Lawfulmoney de-posited.

$44, 00085, 000

180, 00040, 00090, 00085, 000180, 000100, 000

253, 900180,00026, 30090, 00025, 50045, 000

129, 700800, 000

50, 000243, 393179, 00071,00045, 000135, 000118, 900

450, 000100,000450, 000

234, 000360, 000179, 20090, 000

360, 00045, 00045, 00090, 00095, 000

43, 800

134, 991315, 90068, 850

146, 58545, 000180, 00027, 00045, 00090, 00045, 000225, 00067, 50052, 20050, 000

177, 200130, 992

60, 30045, 000

90, 000

1, 658, 80045, 00045, 000

71, 200516, 84045, 00044, 940

Circulation.

Issued.

$44, 00085, 000

180, 00040, 00090, 00085, 000180, 000100, 000

253, 900180, 00026, 30090, 00025, 50045, 000

129, 700800, 000

50, 000243,393179, 00071, 00045, 000

135, 000118, 900

450, 000100, 000450, 000

234, 000360, 000179, 20090, 000

360, 00045, 00045, 00090, 00095, 000

43, 800

134, 991315, 90068, 850

146, 58545, 000180, 00027, 00045, 00090, 0004 5,000225, 00067, 50052, 20050, 000177, 200130, 992

60, 30045, flOO

90, 000

1, 693, 66045, 00045, 000

71, 200597, 84045, 00044, 940

Redeemed.

$43, 73684, 748

179, 25939, 74789, 62484, 547

178, 68099, 744

252, 520179, 58026, 08989, 56925, 41944, 663

128, 546790, 457

49, 634240, 459177, 02569, 89344, 455

134, 315117, 249

445, 71598, 483439,114

229, 579352, 445174,88088, 122

353,00044,11043, 93688, 16992, 085

43,165

132, 747311,05367, 070

141, 89543, 930175, 40524, 98044, 00088, 63643, 618219,48664, 24151,12348, 529167, 253124, 422

56, 87042, 587

81, 900

1, 657, 67042, 99042, 070

64,103517, 60241, 80338, 610

Outstand-

$264252

741253376453

1,320256

1,38042021143181337

1,1549,543

3662,9341,9751,107545685

1,651

4,2851,517

10, 886

4,4217,5554,3401,878

7,000890

1,0641,8312,315

635

2,2444,8471,780

4,6901,0704,5952,0201,0001,3641,3825,5143,2591,0771,4719,9476,570

3,4302,413

8,100

35, 9902,0102,930

7,09780, 2383,1976,330



National banks that have been placed in the hands of receivers, $c.—Continued.

Name and location.

Commercial National Bank, Kansas City,Mo ".

First National Bank, Ashland, PaFirst National Bank, Tarrytown, N. TFirst National Bank, Allentown, PaFirst National Bank, Waynesburg, PaWashington County National Bank, Green-

wich, N. YFirst National Bank, Dallas, TexPeople's National Bank, Helena, MontFirst National Bank, Bozeman, MontMerchants' National Bank, Fort Scott,

KansFarmers' National Bank, Platte City, Mo.First National Bank, Warrensburgb, Mo..Germ an-American National Bank, Wash-

ington, i >. CGerman National Bank, Chicago, TilCommercial National Bank, Saratoga

Springs, N. YSecond National Bank, Scranton, PaNational Bank of Poultney, VtFirst National Bzaik, Monticello, IndFirst National Bank, Butler, PaFirst National Bank, Meadville, PaFirst National Bank, Newark, N. JFirst National Bank, Brattleboro1, VtMechanics' National Bank, Newark, N. J .First National Bank, Buffalo, N. Y.Pacific National Bank, Boston, Mass.First National Bank, Union Mills, PaVermont National Bank, Saint Albans, Vt.First National Bank, Leadville, ColoCity National Bank, Lawrenceburg, Ind ..First National Bank, Saint Albans, Vt... .First National Bank, Monmontb, 111Marine National Bank, New York, N. Y..Hot Springs National Bank, Hot Springs,

ArkRichmond National Bank, Richmond, Ind.First National Bank, Livingston, Mont . . .First National Bank, Albion, N. YFirst National Bank, Jamestown, DakLogan National Bank, West Liberty, Ohio.Middletown National Bank, Middletown,

N. YFarmers' National Bank, Bushnell, 111Schoharie County National Bank, Scho-

harie. N. YExchange National Bank, Norfolk, Va

Capital.

$100, 000112,500100,000250, 000100, 000

200, 00050, 000100, 00050, 000

50, 00050, OUO100, 000

130, 000500, 000

100, 000200, 000100, 00050, 00050, 000100, 000300, 000300, 000500, 000100, OUO961, 30050, 000

200, 00060, 000100, 000100, 00075, 000400, 000

50, 000250, 00050, 000100, 00050, 00050, 000

200, 00050, 00050, OUO

300, 000

21, 858, 900

Lawfulmoney de-posited.

$44, 50075, 55489, 20078, 64169, 343

114,22029, 80089, 30044, 400

45, 00027, 00045, U00

62, 50042, 795

86, 90091,46590, 00027, 00058,16589, 500

32(5, 64390, 000

344, 75075, 000

408, 00034, 00065, 20053, 00077, 00089, 98027, 000129,100

40, 850113,90011,24090. 00018, 650.7, 000

75, 00020, 00027,100

138, 200

13, 723, 889

Circulation.

Issued.

$44, 50075, 55489, 20078, 64169, 345

114,22029, 80089, 30044, 400

45, 00027, 00045, 000

62, 50042, 795

1 86,90091, 46590, 00027, 00071, 16589, 500

326, 64390, 000

450, 00099, 500450, 00045, 00065, 20053, 00077, 00089, 98027, 000260,100

40, 850158, 90011, 24090, 00018, 65023, 400

176, 00045, 00038, 350

228,200

14, 455,149

Redeemed.

$39, 89265, 80781,13170, 46368, 070

105, 08428, 06079, 97542, 420

42, 92025, 48042, 821

60, 78034, 085

82, 00178, 96882, 88725, 02457, 47073, 422281,51670,117344,81377,185391,76930,18541, 76727, 58527,56546, 2589,120

140, 081

12, 48061, 9963,36036, 5596,6626,685

68, 67211, 5929,505

52,118

12, 942, 284

Outstand-ing.

$4,«089,7478,0698,1781,275

9,1361,7409,3251,980

2,0801,5202,179

1,7208,710

4,89912,4977,1131,976

13, 69516,<*7845,12719, 883105,18722, 31558, 23114, 81523, 43325,41549,43543, 72217, 880

120, 019

28,37096, 9047,88053,44111, 98816, 715

107, 32833,40828,845

176,082

1, 512, 865



naolvent national banks, with date of appointment of receivers, amount of capital stock andclaims proved, and rate of dividends paid to creditors.

¥ame and location of bank.

First National Bank of Attica, N. Y.Yenango National Bank of Frank-

lin, Pa.Merchants' National Bank of Wash-

ington, D. C.First National Bank of Medina,

N. Y.Tennessee National Bank of Mem-

phis, Tenn.First National Bank of Selma, Ala .First National Bank of New Or-

leans, La.National Unadilla Bank, Unadilla,

N.Y.Farmers and Citizens' National

Bank of Brooklyn, N. Y.Croton National Bank of New York,

N.Y.First National Bank of Bethel,

Conn.First National Bank of Keoknk,

Iowa.National Bank of Vicksburg, Miss.First National Bank of Kockford,

El.First National Bank of Nevada,

Austin, Nev.Ocean National Bank of New York,

N.Y.Union Square National Bank of

New York, N. Y.

Eighth National Bank of NewYork, N. Y.

Fourth National Bank of Philadel-phia. Pa.

Waverly National Bank of Wav-erly, N. Y.

First National Bank of Fort Smith,Ark.

Scandinavian National Bank ofChicago, 111.

Wall kill National Bank of Middle-town, N. Y.

Crescent City National Bank ofNew Orleans, La.

Atlantic National Bank of NewYork, N. Y.

First National Bank of Washing-ton, D. C.

National Bank of the Common-wealth, New York, N.Y.

Merchants' National B a n k ofPetersburg, Ya.

First National Bank of Petersburg,Ya.

First National Bank of Mansfield,Ohio.

New Orleans National BankingAssociation, New Orleans, La.

First National Bank of Carlisle,Pa.

First National Bank of Anderson,Ind.

First National Bank of Topeka,Kans.

First National Bank of Norfolk, Va.Gibson County National Bank of

Princeton, IndFirst National Bank of Utah, Salt

Lake City, Utah.Cook County National Bank of

Chicago, III.First National Bank of Tiffin, Ohio.

Receiver ap-pointed.

Apr. 14,18G5May 1,1866

May 8,1866

Mar. 13,1867

Mar. 21,1867

Apr. 30,1867May 20,1867

Aug. 20,1867

Sept. 6,1867

Oct. 1,1867

Feb. 28,1868

Mar. 3,1868

Apr. 24,1868Mar. 15,1869

Oct. 14,1869

Dec. 13,1871

Dec. 15,1871

Dec. 15,1871

Dec. 20,1871

Apr. 23,1872

May 2,1872

Dec. 12,1872

Dec. 31,1872

Mar. 18,1873

Apr. 28,1873

Sept. 19,1873

Sept. 22,1873

Sept 25,1873

Sept. 25,1873

Oct. 18,1873

Oct. 23,1873

Oct. 24,1873

Nov. 23,1873

Dec. 16,1873

June 3,1874Nov. 28,1874

Dec. 10,1874

Feb. 1,1875

Oot. 22,1875

Capitalstock.

$50, 000300, 000

200, 000

50, 000

100,000

100,000500, 000

120, 000

300, 000

200, 000

60, 000

100, 000

50, 00050, 000

250, 000

1, 000, 000

200, 000

250,000

200, 000

106,100

50, 000

250, 000

175, 000

500, 000

300, 000

500, 000

750, 000

400,000

200, 000

100, 000

600,000

50, 000

50,000

100, 000

100, 00050, 000

150, 000

500,000

100,000

Provedclaims.

$122, 089434, 531.

669, 513

82,338

376, 932

289, 467|1,119, 313

127, 801

1,191, 500

170, 752

68, 986

205, 256

33, 562

69, 874

170, 012

1, 282, 254

157, 120

378,772

645, 558

79, 864

15,142

249,174

171, 468

657,020

574, 513

1, 619, 965

796, 995

992,636

167,285

175, 068

1,429, 595

67, 292

143,765

55,372

176, 33062,646

93,021

1,795,992

237,824

Divi-dendspaid.

Pr.cent.5823.37

24.7

39.15

46.679

45.9

96

88.5

100

m49.241.9

92.7

100

100

100

100

100

100

50

100

84.83

100

100

100

34

76

57.5

62

73.5

39.5

58.3

57.5100

24.391

14.941

Remarks.

Finally closed.Finally closed; 8.37

since last report,Finally closed.

Finally closed.

Finally closed.

Finally closed.Finally closed.

Finally closed.

Finally closed.

Finally closed.

Finally closed.

Finally closed.


Finally closed.

Finally closed; 46 percent, of interest paid.

Finally closed ; 10 percent, paid to stock-holders.

Finally closed.

Finally closed.

Finally closed; 32.5per cent, paid tostockholders.

Finally closed; 13 percent, paid to stock-holders.


Finally closed.


Finally closed.


Finally closed.

Finally closed.

Finally closed.

2 per cent since lastreport.

Finally closed.

14.5 since last report

Finally closed.


Finally closed.

Finally closed.

Finally closed.



Insolvent national banks, ivith date of appointment of receivers, $c.—Continued.

Name and location of bank. Receiver ap-pointed.

Charlotteaville National Bank of | Oct. 28,1875Charlottesville, Va. i

Miners' National Bank of George- ! Jan. 24,1876town, Colo. I

Fourth National Bank of Chicago, ! Feb. 1,1876111.*

First National Bank of Bedford, j Feb. 1,1876Iowa.

Capitalstock.

First National Bank of Osceola,Iowa.

First National Bank of Duluth,Minn.

First National Bank of LaCrosse,Wis.

City National Bank of Chicago, 111.Watkins National Bank of Wat-

kins, N. Y.

First National Bank of Wichita,Kans.

First National Bank of Greenfield,Ohio.*

National Bank of Fishkill, Fishkill,N.Y.

First National Bank of Franklin,Ind.

Northumberland County NationalBank of Shamokin, Pa.

First National Bank of Winchester,HI.

National Exchange Bank of Minne-apolis, Minn.

National Bank of the State of Mis-souri, Saint Louis, Mo.

First National Bank of Delphi, Ind.

First National Bank of George-town, Colo.

Lock Haven National Bank ofLock Haven, Pa.

Third National Bank of Chicago,111.

Central National Bank of Chicago,111.

First National Bank of KansasCity, Mo.

Commercial National Bank of Kan-sas City, Mo.

First National Bank of Ashland,Pa.*

First National Bank of Tarry town,N.Y.irst National Bank of Allentown,Pa.*

First National Bank of Waynes -b P *burg, Pa.*

Washingtonof Greenwich, N. Y.

burg, Pa.Washington County National Bank

Feb. 25,1876

Mar. 13,1876

Apr. 11,1876

May 17,1876

July 12,1876

Sept. 23,1876

Dec. 12,1876

Jan. 27,1877

Feb. 13,1877

Mar. 12,1877

Mar. 16,1877

May 24,1877

June 23,1877

July 20,1877

Aug. 18,1877

Aug. 20,1877

Nov. 24,1877

Dec. 1,1877

Feb. 11,1878

Feb. 11,1878

Feb. 28,1878

Mar. 23,1878

Apr. 15,1878

May 15,1878

June 8,1878

,First National Bank of Dallas, Tex. | June 8,1878

People's National Bank of Helena,Mont.

First National Bank of Bozeman,Mont.

Merchants' National Bank of FortScott, Kans.*

Farmers' National Bank of PlatteCity, Mo.

First National Bank of Warrens-burg, Mo.

German American National Bankof Washington, D. C.

Sept. 13,1878

Sept. 14,1878 j

Sept. 25,1878 |

Oct. 1,1878

Nov. 1,1878

Nov. 1,1878

$200, 000

150, 000

200, 000

30, 000

50, 000

100, 000

50, 000

250, 000

75, 000

60, 000

50, 000

200, 000

132, 000

67, 000

50, 000

100, 000

2, 500, 000

50, 000

75, 000

120, 000

750, 000

200, 000

500, 000

100, 000

112, 500

100, 000

250, 000

100, 000

200, 000

50, 000

100, 000

50,000

50,000

50, 000

100, 000

130, 000

Provedclaims.

$351, 847

177, 512

35, 801

56, 457

34, 535

87, 786

135, 952

703, 658

59, 226

97, 464

35, 023

352, 062

184,457

175, 952

143, 300

227, 355

1,935,721

133,312

196, 356

254, 647

1, 061, 598

298, 324

392, 394

Divi-dendspaid.

Pr.cent.62

76.5

50

22.5

100

100

48.4

77. 512

100

70

27

100

100

81.59

68.6

88. 889

100

100

100

100

60

100

Remarks.

75,175

33,105

118, 371

90, 424

33, 362

262, 887

77,104

168, 048

69, 631

27, 801

32, 449

156, 260

282,370

100

100

90.5

88

60

100

38.1

40

85

60

100

100

50

Finally closed.

Finally closed.

Finally closed.Finally closed; inte-

rest paid in full.Finally closed.

Finally closed; .512since last report.


Finally closed.

Finally closed.

Finally closed; 38.5 percent, of interest paid.

Finally closed; inter-est paid in fall.

Finally closed.

Finally closed.

Finally .closed.

Interest paid in full.Finally closed; inter-

est paid in full.Finally closed; 15.1483

since last report.Finally closed.

Interest paid in full.

Finally closed.


Finally closed.

Finally closed.

Finally closed; 3 percent, since last re-port.

20 per cent, since lastreport.

Finally closed.

Finally closed; 1.1 percent, since last re-port.

Finally closed.


Finally closed; inter-est paid in full.

* Formerly in voluntary liquidation.



Insolvent nationat banks, with date of appointment of receivers, <fc.—Continued.

Name and location of bank. I Receiver ap- j Capital Provedpointed, j stock. claims.

German National Bank of Chicago,TIL*

Dec. 20,1878

Divi-dendspaid.

\Pr.cent.10,000 $197,353 100

Commercial National Bank ofSaratoga Springs, N. Y.

Second National Bank of Scranton, Mar. 15,1879Pa.* !

i

National Bank of Poultney, Vt j Apr. 7,1879

July 18,1879

Feb. 11,1879 j 100, 000 j 128, 832 !l00

200,000 j 132,461 100

First National Bank of Monticello,Ind.

First National Bank of Butler, Pa . .First National Bank of Meadville,

Pa.First National Bank of Newark,

N. J.First National Bank of Brattle-

boro', Vt.Mechanics' National Bank of New-

ark, N. J .First National Bank of Buffalo, N.

Y.Pacific National Bank of Boston,

Mass.First National Bank of Union Mills,

Onion City, Pa.Vermont National Bank of Saint

Albans, Vt.First National Bank of Leadville,

Colo.City National Bank of Lawrence-

burg, Ind.*First National Bank of Saint Al-

bans, Vt.First National Bank of Monmouth.

111.Marine National Bank of New

York, N. Y.Hot Springs National Bank of Hot

Springs, Ark.Richmond National Bank of Rich-

mond, Ind.Firs t National Bank of Livingston,

Mont.First National Bank of Albion,

N. Y.First National Bank of Jamestown,

Dak.

Logan National Bank of West Lib-erty, Ohio.

Middletown National Bank of Mid-dletown, N. Y.

Farmers' National Bank of Bush-nell, 111.

Schoharie County National Bankof Schoharie, N. Y.

Exchange National Bank of Nor-folk, Va.

Totals.

July 23,1879June 9,1880

June 14,1880

June 19,1880

Nov. 2,1881

Apr. 22,1882

May 22,1882

Mar. 24,1883

Aug. 9,1883

Jan. 24,1884

Mar. 11,1884

Apr. 22,1884

Apr. 22,1884

May 13,1884

June 2,1884

July 23,1884

Aug. 25,1884

Aug. 26,1884

Sept. 13,1884

Oct. 18,1884

Nov. 29,1884

Dec. 17,1884

Mar. 23,1885

Apr. 9,1885

100, 000

50,000

50, 000100, 000

300, 000

300, 000

500, 000

100, 000

961, 300

50, 000

200, 000

60, 000

loo, oooj

31, 801

21,182

108, 38593, 625

580, 592

104, 749

2, 703, 285

891, 431

2, 330, 990

186, 993

401, 492

189, 618

38, 951

100, 000] 282, 384

75, 000 230, 671

400,000' 4,463,578

50, 000

250, 000 322, 515

50, 000 18, 091

100,000; 153, 229

50, OOOj 8,131

100

98

70100

100

100

60

38

15

60

42.5

25

12.5

90

40

70

50, 000

200, 000

50, 000

50, 000

300, 000

77, 598

636, 482

77, 290

137, 315

2, 812, 906

21, 858,900 43,162, 549

30

40

40

20

20

Remarks.

Finally closed; 42.3per cent, of interestpaid.


50 per cent, of interestpaid since last re-port.


Finally closed.









Since last report.




Since last report.

100 per cent, and inter-est in full since lastreport.

Since last report.

* Formerly in voluntary liquidation.



Classification of the loans and discounts of the national banks in New York City, in Boston,Philadelphia^ and Baltimore, in the other reserve cities, and in the States and Territories,on October 1,1835.'

Cities, States, andTerritories.

New York City

BostonPhiladelphiaBaltimore

Totals

AlbanyPittsburghWashingtonNew Orlean3LouisvilleCincinnatiClevelandChicagoDetroitMilwaukeeSt. LouisBan Francisco

Totals

MaineNew HampshireVermontMassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of ColumbiaVirginiaWest VirginiaNorth Carolina ..South CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexasArkansasKentuckyTennessee -,OhioIndianaIllinoisMichiganWisconsinIowaMinnesotaMissouriKansasNebraskaColoradoNevadaCaliforniaOregonDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming

Totals

United States...

No. ofbanks.

44

105

714847

1956184

26772

22815271

24211514165

10

5932

18390

1539747

12549367475251

169

414

15

2,467

2,714

On single-name paper.

$25, 331, 820

19,654,8178, 957, 7406,193, 697

34, 806 254

397, C891, 344, 386

5, 576151, 6314, 365

3, 268, 373855, 921

10, 226, 583404, 473508,128123, 550

1,189, 558

18, 480, 233

954, 206647,112597, 321

14,451,0735, 428, 8975, 823, 2196, 360, 9352,131, 6004, 334, 621

92, 695418, 923

379, 23683, 977

310, 236136, 476469, 91748, 565

409, 712203, 629

2, 330, 286103, 894821, 746

2,163, 4803, 372, 8752,436, 6435, 579,1823, 466, 2491,243,1393, 603, 5499, 835, 2431,044.5111,412,5692, 521, 3322, 432, 813

114, 0411, 602, 736958, 448535, 07273,161

1, 896,106421, 753567, 588359, 696695, 318

On XT. S.bonds.

On otherstocks.

286,124 $80, 687, 265

17, 559,16012, 300, 2583, 297, 901

111,82966, 46611,900

190,195

1,080

33,157, 319

31,205

900130, 550

33, 400

388, 019

585,154

71,675

152, 14427, 544

1003,47591, 78056,44744, 750

100

2,137

20,000

7,0006,1501,6454,0509,2492,500

5,1752,800

1,6045,000

92, 873, 780

171,492, 087

2,000

*i6,"906

4,158

504,134

4, 565, 607

2, 073, 6151, 897, 658

442, 3282,180,731

331, 3812, 562, 5671, 255,193

10, 967, 8751,081,401

999, 5011,197, 060

431, 782

25, 421, 092

837, 7061, 021, 824315,117

5,124, 328665, 702

2, 523, 9736, 447, 8823, 915, 9631, 480, 741

6,500184,110123, 845440, 7879,450

64, 784303, 591640,16035,139

386, 57479,1724,888

404,10046,196

257, 2302, 026, 748

976, 075785, 320

1,041,472320,216172, 332455,123

1,235,955277, 599102, 230354, 574247, 50220,498303,428

397124, 87 L6,684

85, 95240,17459, 27177,8112,937

34, 036, 931

All otherloans.

$127, 518, 389

87, 950, 44646, 021, 06116, 298, 996

150, 270, 503

4, 653, 73321, 572, 6491,713,3737, 333, 3987, 387, 970

12, 695, 2129, 405,175

24, 761, 5677,017,7432, 438, 0957, 473, 788496, 256

106, 948, 959

14, 780, 7446, 663, 0069, 478, 50166, 487, 42124, 880,14732,150, 61270, 753, 65823, 239, 05859, 399, 3743, 806, 0725, 092, 479

8, 600, 8093,492, 9314, 249, 4684, 083, 9154,172,141

545, 7502,440, 538750, 231126, 055

10,321,9701,634,401.13, 685,1387, 277,107

36, 308,11719, 979, 38124, 013, 33017, 535, 4438,155, 25516,956,51317, 002, 7615, 895, 5559, 094, 55012, 336, 8494, 812, 634

110, 2004, 067, 2741, 234, 7513, 252,491258,117

3,400, 468935, 350712, 017

1, 548, 8001,139, 080

567, 057,152

173,302, 607 951, 795, 003

Total

$236, 823, 598

125, 276, 25267, 345, 52525, 802, 494

218, 424, 271

7,126,11724, 814, 6932,192,4829, (565, 7607, 724, 61618,656,70211,516,28945, 989, 4258,503,6173, 945, 7249,182, 4172,117,596

151,435,438

8, 333, 61710, 543, 08386, 090, 36630, 974, 84640, 501, 27»83, 654, 25529, 343, 06865, 259,4863, 905, 3675, 695, 512322, 672

9,420, 8323, 586, 3584, 624, 4884, 543, 9825, 282,218629, 454

3, 2H6, 8241, 033, 032130,943

13, 087, 2511, 791,49114, 770, 26411,468,98040,661,11723, 210, 59330, 636, 48421, 321, 9089, 570, 72621, 020, 36028, 076, 7597, 217, 66510, 610, 95315,217, 7557, 492,949

244, 7395, 975,4382,193, 5963, 929, 340

337, 9625, 382, 5261, 397,2771,338,8761, 990,4651, 837,335

694,471,997

1, 301,155, 304



Liabilities of the national banks, and the reserve required and held at three dates in eachyear from 1882 to 1885.

STATES AND TERRITORIES EXCLUSIVE OF RESERVE CITIES.

Date.i No. of \i banks.

Net de-posits.

Reserve held. Classification of reserve.

Reserve j

] Amount.

May 19,1882 IJu ly 1,1882Oct. 3,1882

May 1,1883June22,1883 IOct. 2,1883 '

Apr. 24,1884 !J a n e 20,1884Sept. 30,1884 |

May 6, 1885 IJu ly 1,1885 jOct. 1,1885 i

! Millions.1,981 j 519.21, 996 j 527. 62, 026 i 545. 8

2,128 i 556. 32,16!) ! 560.72,253 I 577.9

2,340 !2,376 i2,417 |

2, 4322, 4422,467

Millions. Millions.77.9 ! 154.779.1 ! 151.981.9 I 150.4

576. 0544.7 i535.8 i

540.3 J552.2570.8 |

83.4 !• 84.1 i

86.7

86.4 |81.7 i80.4 I

81.182.885.6 I

118.9157.7157.5

162.5146. 0156.3

171.0170. 3177.5

Percent.29.828.827.5

26.728.127.2

9S 9

Specie.

Millions.30.030.130.0

31.431.131.2

Otherlawfulmoney.

Due Redemp-frotn I tioD

agents, j fund.

Millions. Millions.28.7 '< 84.727.5 i 83.230. 0 1 80.1

26.829.2

31.630.831.1

36.435.2

40.740.141.5

31.029.630.8

31.532.030.9

30.228.129.9

75.285.884.1

I83.7 j66.8 I79.7 !

90.092.195.9

Millions.11.311.111.3

11.311.211.3

10.910.710.5

10.110.010.2

N E W YORK CITY.

May 19, 1882Ju ly 1,1882Oct. 3, 1882

May 1,1883June 22, 1>83Oct. 2, 1883

Apr. 24,1884J u n e 20,1884Sept. 30, 1884

May 6,1885July 1,1885Oct. 1, 1885

505050

484848

474544

444544

282. 2231. 8254. 9

297.7312.7312.9

50.550.544.5

47.356.850.3

19.020.818.9

16.522.819.7

43.56 3 . 1 J

96.5 !96.5 |91.5 !

24. 927.0

26.437.523.7

1.01.01.0

0.80.80.9

0.80.70.7

0.60.60.5

OTHER RESERVE CITIES.

May 19,1882July 1,1882Oct. 3, 1882

May 1, 1883June 22, 1883Oct. 2,1883

Apr. 24,1884June 20,18X4Sept. 30,1884

May 6,1885Ju ly 1, 1885Oct. 1,1885

192193193

199200200

202204203

202202203

323.5327.0318.8

314.6332.0323. 9

338.0302.8308.0

346,5356.5364,5

80.981.879.7

78.783.081.0

84.575.777.0

86.689.191.1

102. 495.989.1

91.8103.9100.6

104.191.199.0

124.0123.4122. 2

31.629.328.0

29.231.331.0

30.830.132.2

35.834.633.5

30.730.228.3

24.927.526.3

28.829.730.3

40.241.041.9

28.627.024.1

29.232.130.1

33.329.933.3

39.938.835.0

39.535. 233.2

34.140.840.8

38.828.432.3

40.940.742.4

3.63.53.5

3.63.63.4

3.23.13.1

3.02.92.9

MayJulyOct.

19,18821, 18823,1882

May 1,1883June 22, 1883Oct. 2,1883

Apr. 24,1884June 20, 1884Sept. 30,1884

MayJulyOct.

6, 18851, 18851,1885

2,2232,2392, 269

2,3752,4172,501

2, 5892, 6252,664

2,6782,6892,714

1,110. 01,132. 01,118. 6

1,124. 61,172.01, Ib8. 7

1,196. 21, 079. 31, 098. 7

1,184. 51, 221. 41, 248. 2

225.230.225.

225.236.234.

241.215.221.

242.250.254.

621

594

431

119

SUMMARY

327.6319.9303.9

305.3342.1328.9

341.8306. 2346.1

418.5426.5415.4

29.528.327.2

27.129.228.1

28.628.431.6

35.334.933.3

111.2110.8102.8

103. 6115.4107.8

114.7109.6128.6

177.4177.6174.9

76.375.172.0

76.784.580-6

89.786.891. 2.

96.5102.088.6

124.2118.4113.3

109.3126. 6124. 9

122.595.2

112.0

130.9132. 8138.3

15.915.615.8

15.715.615.6

14.914.514.3

13.713.513.6



Dividends and earnings of the naiional banks, arranged by geographical divisions, for semi-annual periods from September 1, 1&76, to September 1, 1H85.


Sept., 1876. to March. 1877:New England States. . .Middle StatesSouthern StatesWestern States

Totals . .

March, 1877, to Sept., 1877:]\'pw England States. . .Middle StatesSouthern States"Western States

Totals

Sept., 1877. to March, 1878:New England States. . .Middle, StatesSouthei n StatesWestern States

Totals

March 1878, to Sept., 1878:New England States . . .Middle StatesSouthern StatesWestern States

Totals

Sept., 1878, to March, 1879:New England States . . .Middle, StatesSouthern StatesWestern States

Totals

March, 1879, to Sept., 1879:New England States. . .Middle. StatesSon them StatesWestern States

Totals

Sept., 1879. to March, 1880:New England States. . .Middlr StatesSouthern SlatesWestern States

Totals

March, 1880, to Sept., 1880 :New Enuland States. . .Middle StatesSouthern StatesWestern States

Totals

Sept.. 1880, to March, 1881:New England States. . .Middle States .*.Southern StatusWestern States

Totals

No.of

banks

542631175732

2, 080

541631175725

2, 072

544631176722

2,074

543629176699

2,047

544630175694

2,043

542640175688

2,045

546640175685

2,046

548654176694

2,072

550657178702

2,087

Capital.

$168,178, 520190,272,82032, 120,440

106,079,800

496, 651, 580

167,237,820185,468,95132, 599, 989

101,018,100

486, 324, 860

166,546,320178,149,93132,16H, 80098, 746, 700

475, 609, 751

166, 587, 820176, 694, 576

31. 491, f0095, 457, 700

470,231,896

165, 645, 820173, 979, 67630, 882, 80093, 905, 700

464,413,996

164,4*0,120169, 645, 936

30, 281, 80090, 754, 200

455, 132, 0o6

164,820,020169. 399, 17030, 432, 70089 428, 200

1 454,080,090

165. 380, 2421<9, 343, «7030, 4 3, 70089, 067, 250

! 454,215,062

1 165,623,120170,739,04530, 448, 70090, 034, 000

456, 844, 865

Surplus.

$43,109, 86553, 430, 3685, 6T8, 226

28, 653, 706

130, 872,165

41, 370, 40851,871,038

5, 571. 8«225, 536, 446

124,349,254

40, 560, 40551.551,6015,482,012

24, 779. 543

122, 373, 561

38, 956, 87450,182, 622

5, 684, 03523, 863, 603

118,687,134

38,037,11550. 084, 782

5, 240, 05423,382, 183

116,744,134

37,441.98449, 779. 7835,198,481

22,729,103

115,149,351

37.869,31251, 306. 5835.210. 198

22, 840, 408

117, 226, S01

38, 4."0. 29752, 762, 6745,516.335

23,416,343

120, 145.649

38,944,84153, 530, 2485,898, 107

24, 102,592

122,481,788

Dividends.

$6,501,1798, 328, 7611, 387, 4785, 586, 5M

21, 803, 9f>9

6,147, 5737. 686. 2671, 299, 4766, 983, 800

22,117,116

5,403,2137,261,6081,217,8804, 599, 6r9

18, 982, 390

5, 459, 7866,674.6181,115,8654, 708. 954

17, 959, 223

5, 295, 3476. 876, 3981. 077, 3334,291,976

17, 541, 054

5, 257, 5266, 690, 3941, 059. 5944, 397, 353

17,401,867

5, 409, 3517, 151,1661,246.4704,314,286

18,121,273

5, 858, 4347, 120, 2041, 139, 2034, 172, 359

18, 290, 200

5, 900, 8616, 974, 9341,261,3984, 737, 324

18,877,517

Net earn-ings.

$6,128,2066, 787, 9781.470,4755, 20ti, 303

19, 592, 962

3, 744, 7996,1*5,1571, 207, 3434, 136,729

15, 274. 028

4, 985, 9266, 283, 4451, 174, 2204,503, 105

16,946,696

3, 846,1834, 999, 505

951, 9953,861,210

13, 658, 893

3, 658, 9895, 826, 662

961,7344,231,275

14, 678, 660

4. 761, 4227,128, 979

979, 4964, 003, 303

16,873,200

5,610.2879. 220, 8261,278,6955, 042, 976

21,152, 784

7, 413, 6229, 805. 4481,434, J025,3^,0/8

24, 033, 250

6, 757, 7879,162,7711. 905, 6006, 625, 773

24. 4.r»2, 0 2 1

Ratios.

sam>«5

Pr.ct.3.94.44.35.3

4.4

3.74.14.06.9

4.5

3.54.13.84.7

4.0

3.33.83.54.9

3.8

3. 24.03.54.6

3.8

3.23.93.54.8

3.8

3.34.24.14.8

4.0

3.54.23.74.7

4.0

3.64. I4.25.3

4.1

» S? a-> c?2

Fr. ct.3.13.43.74.1

3 5

2 93.23.45.5

3. 6

2.93.23.23.7

3.2

2.72.93.04.0

3.0

2.63.13.03.6

3.0

2.63.03.03.9

3.1

2.73.23.53.8

3.2

2.93.23.23.7

3.2

2.93.13.54.2

3.3

Ul

Pr. ct.2.92.83.93.9

3.1

1.82.63.23.3

2 .5

2.42.73.13.7

2.8

1.92.22 63.2

2 . 3

1.82.62.73.6

2 .5

2.43.22.73.5

3.0

2.84.23.64.5

| 3.7

3.64.14.04.8

4 .2

3.34.15.25.8

4.2



Dividends and earnings of the national hanks, fyo.—Continued.


March, 1881, to Sept , 1881:New England States ..Middle StatesSouthern StatesWestern States

Totals

Sept., 1881. to March, 1882:New England States ..Middle StatesSouthern StatesWestern States

Totals

March, 1882, to Sept., 1882:New England States...Middle StatesSouthern StatesWestern States

Totals

Sept.. 1P82. to March, 1883:New England States ..Middle StatesSouthern StatesWestern States

Totals

March, 1883, to Sept., 1883:New England States...Middle SlatesSouthern StatesWestern States

Totals

Sept., 1883, to March, 1884:New England States...Middle S atesSouthern StatesWestern States

Totals..

March, 1P84, to Sept., 1884:New EnLriaud States ..Middle StatesSouthern StatesWestern States

Totals

Sept.. 1884. to March, 1885:New England States...Middle States ..Southern StatesWestern States

Totals

March, 1885, to Sept., 1885:New England States . .Middle Stat> sSouthern StatesWeste rn States

Totals

General averages

No.of

550660181709

2,100

553666188730

2, 137

555678194770

2,197

557687207816

2, 267

562698224875

2, 350

565715248963

2,491

568723264

1, 027

2, 582

567732278

I, 07 *

2, 650

562731287

1, 085

2, 665

2, 222

Capital.

$165,373,120171,560.31530 973, 95091,027, 100

458, 934, 485

162. 650. 870171,488,31531,672,70094, 542, 600

460, 354, 485

165,515,870173,270,31532,212,700

102, 948, 830

473,947,715

165, 653, 070174, 375, 472

33. 963, 000109, 099, 800

483,091,342

166,793,070173, 915, 46535. 68fc, 300

118,246,305

494, 640, 140

167, 478, 070175,317,31538,214.310

126, 959, 605

507, 969, 300

167, 600. 370175 767, 35540, 638, 300

134,599,700

518, 605 725

167. 400, 370173, 212. 11542, 648, 400

139, 6J8, 800

522, «99. 715

165,668,370172,907,35243, 500. (00

H2, 523,580

524, 599, 602

481,0.70,371

Surplus.

$39, 878. 44855,747,5016, 530. 694

25,081,751

127,238,394

40. 703, 77657, 470, 278

6, 928. *8226. 188, 953

131.29I.8H9

41,033,29658, 491, 696

7, 503, 07826, 542, 862

133", 570, 931

41,341,24662, 118, 6948, 228, 309

25,881,856

137. 570,105

41,727,67963, 453, 4549. 084, 011

26, 967, 043

141.232, 187

41.863,16164,841, 1789. 854, 923

21), 041, 587

145, 600, 849

41,905, 90564, 580,40610, 7.'6, 20930,108, 955

147,721,475

41,413.82664,741,00911,527,94231,088,344

148,771, 121

40, 786. 00764, 247, 88811,505,47730. 364, 123

146,903,495

130,440, 555

Dividends.

$6, 005. 6087. 558, 4071 282, 1204, 653, 833

19,499,968

5, 9 "2. 2757, 367, 4091,333,7155,261,976

19,915,375

5, 729, 8427, 194,5281, 289, 3626, 662, 821

20, 896, 553

5,819,0937,542, 1461,40.5,0195,518,844

20, 285,102

5,861,1827, 556, 7951,415,5295, 560, 070

20, 393, 576

5, 726, 3567, «39. 6701,700, 1136,016,667

21,082,806

5, 551, 6037, 089, 6731,691,5205,*38,871

20 171,667

5,661,5377, 156,6801, 790. 7265, 82*. 707

20, 437, 650

5,391.4016, 953. 3321,655.2616,218,477

20,218,471

19, 666, 432

Net earn-ings.

$8,166, 02211,925,7842, 300, 6246, 778, 112

29,170, 542

7,123,33910, 210, 3731,981.2267, 708, 661

27, 083, 599

6, 732, 5309,704,2512, 0ti2. 9607, 737, 893

26, 237, 635

6, 200. 4439, 900, 0212,198 9938,133,477

26, 432, 934

6,651,5959, 960, 6352, 433. 3368, 528, 648

17, 574, 214

6.095.9159, 529. 9782, 950. 0969,418,775

27, 994. 764

5, 738, 4568, 19-*, 9122,747,0187, 683, 633

24,368,019

4,388,8127, 474. 7522, 426. 8587,310,780

21,601,202

4,725,3957, 297, 1592. 282. 7827,718,959

22, 024, 295

22,174, 983

nds

tota

l.D

ivid

eca

pi

Pr. ct.3.64.44. 15.1

4.3

3.74.34.25 6

4.3

3.54.14.06.5

4.4

3.54.34.15.1

4.2

3.54.34.04.7

4.1

3.44.44.44.7

4 .1

3.34.04.24.3

3.9

3.44. 14.24.2

3.9

3.34 03.84.5

3.9

4.1

Ratios

nds

toal

and

us.

Div

ide

capi

tsu

rpl

Pr. ct.2.93.33.43.9

3.3

2.93.23 54.3

3.4

2.83.13 25. 1

3.4

2.83.23.34. 1

3.3

2.83.23.23.8

3.2

2.73.23.53.9

3.2

2 62.93.33.5

3.0

2.73.03.33.4

3.0

2,62.93.03.6

3.0

3.2

C "3•^ a« _ , 73

mPr. ct.

4.05.36.15.8

5.0

3.54 .55.16.4

4.6

3.34.25.26.0

4 .3

3.04.25.26.0

4.2

3.24 .25.45.9

4 .3

2.94.06.16.0

4 .3

2.73.45.34.7

3.7

2.13 1.4 .54.3

3 2

2.33.14.24. 5

3.3

3.6



Abstract of reports of dividends and earnings of national banks


Maine2 ! New Hampshire .3 ' Vermont41 Massachusetts ...5 j Boston6 i Rhode Island

Connecticut

New England States .

New YorkNew York City ...Albany

N ew JerseyPennsylvania


DelawareMaryland-

BaltimoreDistrict of Columbia ..

Washington

Middle States .

VirginiaWest Virginia ...North Carolina ...South Carolina ...GeorgiaFloridaAlabamaMississippiLouisiana

New Orleans .TexasArkansasKentucky

LouisvilleTennessee

Southern States .

OhioCincinnati..Cleveland ..

IndianaIllinois

ChicagoMichigan

DetroitWisconsin


St. Louis . . .KansasNebraska

Western States .


San Francisco .OregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming

Pacific States and Territories .

United States

Numberof

banks.

694850

1955463

567

26744

769

2243323152717

15

732

~~24~21*151415

3

10418

594

589

33

278

18312

893

1511295

547

3121

4934

66063

Capital stock.

$10, 210, 000 006,105,000 008,011,000 00

45, 627, 500 0050, 950, 000 0020, 540, 050 0025, 956, 820 00

167, 400, 370 00

410 00000 00000 00350 00840 00000 00600 00985 00700 00260 00000 00000 00

35, 170,46, 250,

1, 800,12, 053,32, 074,18, 058,10,179,1, 823,2,711,

31,713,252,

1,125,

Surplus. Capital andsurplus.

$2, 463,1, 207,1,616,

13, 720,11, 524,4, 045,6,836,

328 61094 92102 20777 82034 939.72 79535 14

41, 413, 826 41

688 68264 18000 00638 91275 22234 58222 57000 00521 32663 00000 00500 00

9,108,22, 669,1, 400,3, 783,

10, 036,9, 326,3, 587,

670,790,

3, 004,60,

304,

$12, 673, 328 617,312,094 929, 627. 102 20

59, 348, 277 8262, 474, 034 9324, 586. 002 7932. 793, 355 14

208, 814, 196 4i

098 68264 18000 00988 91115 22234 58822 57985 00221 32923 00000 00500 00

44, 279,68, 919,3, 200,

15, 836,42,111,27, 384,13, 766,2, 493,3, 502,

14,717,312,

1, 429,

173, 212,145 00 64, 741, 008 46 I 237, 953,153 46

3, 545,2,011,2,401,1, 935,2, 436,

150,1,735,

325,100,

3, 525,6, 034,

405,9, 458,3,551,5, 035,

300 00000 00000 00000 00H00 00000 00000 00000 00000 00000 00100 00000 00900 00500 00300 00

42, 648, 400 00

1, 335, 087 69523,108 74547, 496 84778, 000 00855, 790 95

17, 922 70260,100 0018, 400 007,000 00

1,257, 132 421, 932, 907 31

156, 584 521,936,318 21

806, 955 291, 095,137 23

11,527,941 90

4, 586, 320 361, 150, 500 00

705,000 003, 691, 751 464, 194, 191 592, 890, 000 002, 238, 127 20

260, 000 00889,561 47340, 000 00

2, 293, 472 371, 798, 878 87641,348 16852,874 15601,099 99706, 447 87

126, 646, 800 00 j 27, 839, 573 49

1, 757, 000 0075, 000 00

2, 050, 000 001, 500, 000 00

695. 000 00150, 000 0U

2, 135,000 00250, 000 00

1, 650, 000 00645, 000 00600. 000 00960, 000 00525, 000 00

131 12, 992, 0U0 00

2, 650~| 522, 899, 715~00~

1, 034,25,

499,228,64,2,

464,20.

292,136,266,101,112,

500 00000 00779 96850 49000 00842 19673 3=>000 00500 00575 88250 00798 54000 00

3, 248, 770 41

148, 771,120 67

.4, 880, 387 692, 534,108 742, 948, 496 842, 713, 000 003, 292, 090 95

167, 922 701, 995, 100 00

343, 400 00107, 000 00

4, 782, 132 427,967,007 31

561,584 5211, 395, 218 214, 358, 455 296,130, 437 23

54,176, 341 90

26, 600, 320 369, 750, 500 006, 369, 100 00

16,991,251 4617, 478, 791 5913, 440.000 0012, 167, 727 202, 910, 000 004, 669, 561 47

990,000 0012, 34X, 472 3713, 01B, 878 873, 706, 348 164,102,874 154, 496, 099 995, 451, 447 87

154, 486, 373 49

2 791,100,

2, 549,1, 728,

759,152,

2, 599,270,

1,942,781,866,

1, 061.637.

500 00000 00779 96850 49V00 00842 19673 35

ooo oo500 00575 88'̂ 50 00798 54000 00

16, 240, 770 41

671, 670, 835 67Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


in the United States from September 1, 1884, to March 1, 1885.

Dividends.

$418, 200 00227, 800 00288, 355 00

1, 658, 653 081, 435, 445 00

679, 843 75953,239 70

5, 661, 536 53

1, 308, 657 712,067,510 00

112,460 00543,136 00

1, 226, 399 10826, 675 00382, 888 0087, 918 48113,543 00439,163 0810, 080 0038, 250 00

7,156, 680 37

148, 742 0078, 730 00

107, 330 0082, 850 0090,125 004,500 00

78, 000 0017, 500 004, 000 00

144, 000 00331, 343 3318,000 00

343, 316 00115, 5(50 00226,730 00

1, 790, 726 33

832, 237 46265, 000 00129, 000 00486,010 00644, 330 00521, 000 00479,085 13122, 5U0 00179,507 5142, 000 00447, 634 45434, 239 77108, 650 00112, 500 00153, 450 00229, 920 00

5,1^7, 064 32

168, 600 007, 500 0092,000 0060, 000 0040, 500 00

105, 667 5735, 000 0013, 000 0039, 500 0023, 500 0037, 750 0018, 625 00

641, 642 57

20, 437, 650 12

Net earnings.

$372, 864 13267, 293 74196, 690 70

1, 307, 019 98851,953 21529, 816 18863,174 06

4, 388, 812 00

1,262,034 251, 968, 179 04

131, 628 10524,146 54

1, 547, 475 44747, 365 75457, 600 59124, 780 32124 918 67554, 335 6211,109 4321,178 73

7, 474, 752 48

187,170 1078, 260 62108,877 0089, 361 03

126,521 737, 752 3597,555 8418, 403 224, 530 80

137, 037 28640,579 7029, 063 10

470, 763 51108,374 91322, 606 31

2, 426, 857 50

928, 907 20325, 363 36136, 646 86566,281 20867, 414 24209, 578 40527, 243 85170, 233 28222, 015 6712, 907 17

604, 379 22602,542 61204,419 32151, 3h3 06335, 326 41406, 529 48

6, 271,171 33

224, 669 758, 481 04

193,519 0035, 405 8974, 080 282 082 76

102, 858 0829,351 20

150, 215 8120, 304 8560, 809 8589, 984 8947, 844 99

1, 039, 608 39

21, 601, 201 70

Dividend tocapital.

Per cent.4.103.733.603.642.823. 3L3.67

3.38

3.724.476.254.513.824.583.764.824.193.754.003.40

4.13

4.203.914.474.283.703 004.505.384 004.095.494 443.633.255.30

4.20

3.783.082. 263.654.854.944.824.624.756.464.453.873.473.463.944.85

4.09

9.6010 004.494.005.83

4.9514.000.776.123.923.933.55

4.92

3.91

Eatios.

Dividend tocapital andsurplus.

Per cent.3.303.123.002.792.302.772.91

2.71

2.963.003.513.432.913.022.783.533.242.983.232.68

3.01

3.053.113.643.052.742 683.915.103 743.014.163 203.012.654.35

3.31

3. 132.722.032.863.693.883 944.213.844.243.623.342.872.743.414.22

3.36

6.047. 503.613.535.34

4.0612.960.675.052.713. 562.92

3.95

3.04

Earnings tocapital andsurplus.

Per cent.2.943.662.042.201.362.152.63

2.10

2.852.864.113.313.672.733.325.003.573.773.561.48

3.14

3.843.093.693.293.844 624.895.364.232.878.045 184.132.495.26

4.48

3.493.232.153.334.961.564.345. 854.751.304.904.635.523.697.467.46

4.06

8.058.487.592.059.761 363.96

10.877.732.607.028.477.51

6.40

3.20

Charged off.

Premiums.

$25, 732 1315,488 9412,265 17103, 590 3119, 729 0449, 485 0639, 998 17

266, 288 82

79, 273 99145, 722 9415, 500 0051, 940 61113,892 8510,959 7310,448 804, 860 008, 154 771, 661 253,563 171, 078 12

447, 056 23

28, 862 864,041 258,823 754, 690 35664 38

3, 923 58454 19375 00

1, 250 007, 621 14

20, 231 3613, 892 7112, 699 48

107,530 05

67, 196 961, 325 00

32, 858 2931, 587 4638, 500 0010, 846 787, 000 004, 741 7415, 000 0041,388 375,166 92845 43

6, U7 155, 570 11

268, 144 21

4, 888 08

4. 446 65600 00

5,613 50756 00

8, 841 40125 00

3, 056 22170 30

1, 656 25

520 00

30, 673 40

1,119, 692 71

Losses.

$174,410 4645, 407 93145,813 06739, 868 13

1, 103, 481 60380, 666 77352, 006 27

2, 941, 654 22

951, 851 451,649,177 13

10,017 87375,411 85411, 034 04511,805 32147, 03 L 163, 452 15

28, 364 7288, 409 35

36, 223 04

4, 212, 778 08

31, 669 0617, 542 9826, 049 8056,132 687, 852 981 573 92

15, 439 811,561 87

122, 538 4671, 686 211 713 86

19, 215 3262, 416 4148, 067 01

483, 460 37

265, 030 6753, 220 26

168, 114 21251,928 76116, 225 48659, 987 87106,742 0111, 434 5069, 387 6332,164 4929, 515 06168,184 266,192 66

12, 197 6115, 625 7515, 363 39

1, 981, 314 61

97, 133 753, 495 2058,777 0L38, 200 2222, 268 82

830 9255, 557 081,665 50

23, 012 4336, 330 582,292 992,844 99

• 11, 484 33

353, 893 82

9, 973,101 10

1234567

8910111213141516171819

2021222324V,52627?82930HI323334

35363738394041424344454647484950

515ft5354555fi5758596061fift63


1 5 0 KEPOET OF THE COMPNROLLER OF THE CUERENCY.

Abstract of reports of dividends and earnings of national banks


Maine!New Hampshire .VermontMassachusetts ...

BostonsRhode IslandConnecticut

New England States .

New YorkNew York City ..Albany

New JerseyPennsvl vaiiia

PhiladelphiaPittsburgh . . .

DelawareMaryland

BaltimoreDistrict of Columbia.

Washington

Middle States .

VirginiaWest Virginia..Morih Carolina.South Carolina .GeorgiaFlorida.AlabamaMississippiLouisana ...


LouisvilleTennessee

Southern States.Ohio

Cincinnati..Cleveland ..

IndianaIllinois

ChicagoMichigan

Detroit.. -.Wisconsin

Milwaukee.IowaMinnesotaMi.-souri

St. Louis...KansasNebraska

Western States .


San Francisco.OregonDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming

Pacific States and Territories...

Total United States

Numberof

banks.

714848195546284

562

26644670224332315271715

731

232115141541051865658933

287

1831288915012975463

1245035662Of)

948

24115193741485145

137

2,665

Capital stock.

$10,360,0006,7,

45,

: 05, ooo551,000140, 500

50, 950, 00020,25,

44D, 050121,820

165, 668, 37Q

34,46,1,12,32,

785, 557250, 000750, 0001015, 3501P0. 340

18. 05S. 00010,1,

179,600823, 985

2, 716, 26011,

1,

172,

713, 260252, 000125, U00

907, 352

3, 246, 30022,h2,

1,

3,

011,000401, 000935, 00043<>, 000200, 000835, 000425, 000ioo, ooo525, 000

6, 670, dt 0

9,3,5,

43

21,8

705, 000458. 900551,500000, 000

500, 300

964,000600, 000

6, *JOO, 000111311

789. 500519, COO7-0.000

10, 260, 70023

6*0, 000735, 000650. 000

10,200,00011 : 40, 0003, 265, 000345

128

1

21

2'0,000229, 72S450, 000

85'*, 5K0

965, 00075, 000150,000500, 000745, 000

2,230, OdO

1

13

~524

250, 000750, 000650, 000

00000000000000

00

0000000000000000

oo000000

00

000000(.00000000000000000000000

00

00000000000000000000000000000000

00

000000000000000000

600, 000 00955, 000800, 000

670, 000

599, 602

0000

00

"oo"

Surplus.

$2, 482, 7511,218,0551,471,221

13, 499, 37611,345,5374, 034, 2426, 734, 819

40, 786, 006

8,831,33222,401,0071, 175,0003, 788, 45310, 122, 9799, 401, 8'33, 538,106

678, 905838, 847

3,104, 45360, 000

307, 000

64, 247, 888

1,19:*, 097509, 534552, 378802, 000873, 22319, 922

289, 65039,1009, 000

1,296,7152,050,517

166, 1701, 877, 224

809, 4411, 017, 499

11, 505, 476

4, 573, 5291, 208, 000

629, 0003, 035, 4014,221,3702, 681, 6001, J-93, 6f>6

275,000903, 187340,000

2,3-0,3481, 849, 21'6

577, 925856, 128729. 702911,897

27, 005, 974

998, 10025, 000

517, 936234, 5.077, 4H6

503, 07320, 000

298, 000152, 094274, 000117. 957140, 000

3, 358, 148

146, 903,494

95997870695296

59

666800• 60608840030000000

48

856271008870000000703332342682

53

29000057320018009400826808293295

44

000033480435000075006700

62

66

Capital andsurplus.

$12,842,7517, 323, 0559; 022, -.'21

58, 639, 87662, 295, 53724, 474, 29231, 856, 639

206, 454, 376

43,616,88968,651,0072, 925, 00015,891,80342,273,31927, 459, J-0313,717,7062, 502, 8903,555, 10714,817,713

312, 0001, 432, 000

237, 155, 240

4, 439, 3972, 5LJ0, 5342, 9",3, 3782, 737, 0003, 309, 223

219,9222,124, 650

464,100109,01)0

4,821,7158,721. 117

871.17011,336,1244, 360, 9416,017,499

55, 005, 776

26, 537, 5299, hOH, 0006, 829, 0(,0

14, 824, 90117, 740, 97014,431,00012, 154,3562, 925. 0004, 638, 187

990. 00012, 5^0. 34813, Ib9, 2263, 842, 9254, 106, 1284, 959, 4826,361,897

155, 859, 554

2,963, 100100.000

2, 667, 9361, 734, 520

822, 4662, 733. 073

270, 0002, 04H, 000

802, 094874, 000

1, 072, 957940, 000

17, 028,148

671, 503, 096

95997870695296

59

666800*60608840030000000

48

8562171008870000000703332342682

53

W000057320018009400826808293295

44

000033480435000075006700

62

66


REPORT OF THE COMPTROLLER OF THE CMRRENCY. 1 5 1

in the United States from March 1, 1885, to September 1, 1885.

Dividends.

$446, 750 00225, 8uO 00241,155 50

1, 548, 850 001,380,250 00

654,782 50893,812 70

5, 391, 400 70

1,284,200 101, 996, 050 00

57,000 00533, 544 00

1,195,624 1083 M, 235 00369,740 0089,317 97

111,579 80434,711 2210 080 0038, 250 00

6, 953, 332 19

130, 262 0073, 7u0 0088 750 0083, 250 0088,1^5 004 500 00

81.000 0013, 000 004 000 00

136,250 00217, 298 0026 500 00

361,316 00125, 560 00221, 750 00

1,655,261 00

814,791 45285, dOO 00172, 000 00538, 110 (»0658, 615 00500, 3S5 0046.5, 555 00125, 00U 00153,475 00Hif 000 00

512,450 00464. 050 00283,847 1891 5U0 00

241, 273 27287, 175 00

- 5, 625, 226 90

137, 800 006 000 00

92, 000 0060, 000 0041.500 0089, 750 00

29, 500 0036, 000 0033, 500 0037, 200 0030, 000 00

593, 250 00

20,218,470 79

Net earnings.

$422,132 61223,912 73203, 565 10

1, 453, 543 691,032,370 15

619, 980 45769, 890 20

4, 725, 394 93

1,414,264 402, 062, 586 92

29,446 52509. 522 40

1,302,531 31921,791 80355, 510 66109, 193 HG125, 322 24394,963 6011, 129 5160, 895 39

7,297, 158 61

209, 077 9161. 699 7886 902 06106, 071 85142,621 5616, 030 88

128, 374 1842. 628 665 8.3u 68

203, 635 77375,52* 1637, 4*2 77

441,435 91133. 6H9 09291, 760 37

2,282,781 63

- 761,534 89336,4:^8 67275, 734 85542, 877 95781.841 65750, 164 1249:?, 174 9.5144, 125 35216, 86K 2753 8*>8 55

587.571 03527, 399 68246, 620 20149 413 64403, 1.6 01456, 236 58

6, 726, 956 39

152. 0S2 298 584 25

174, 55H 8456. 699 8796, 462 77

115, 972 2216 140 08

106, 406 0245, 610 4530, 294 43

108, 369 8280, 821 90

992, 002 94

22, 024, 294 50

Dividend tocapital.

Per cent.4.313.703.193.432.713.203.56

3.25

3.694.323.264.413.724.613. 634.884.103.714. 003.40

4.02

4.013.663 704.303.622. 254.413.064 003.873.263. 763. 823.544.44

3.81

3.713.312.774.564.874, 264 544.724. 114.925. 024. 098.692. 825.595.27

4.37

7.018.004.284. 005.574.02

1.695. 545.583.893.75

4.34

3.85

Ratios.

Dividend tocapital andsurplus.

Per cent.3.483.082.672.642. 222.672.80

2.61

2.972.911.953.362. 833.032.703.563. 142.933.232.67

2.93

2.942.923 t)L3.042.662. 043.812.803. 672.832.493. 043. 192.883.69

3.01

3. 072.912. 523.633.713.473. 834.273.313 234. 093. 527. 392 234.774. 51

3.61

4. 656 003.453.465.053.28

1.444.493.833.473. 19

3.48

3.01

Earnings tocapital andsurplus.

Per cent.3.293.042.262.481.662.542.41

2.29

3. 243.001.013.213.083. 362.594.363.532.673. 574.25

3.08

4.712.452 943.874.317.296.049.195 374. 224.314.303 893.074.85

4. 15

2.873.434.043.684.415. 194.064. 934.675 444.694.006.423 648. 137. 19

4.32

5. 138. 586.543.2611.734.245 985. 205. 693.4710. 108.60

5.83

3.28

Charged off.

Premiums.

$10, 535 929,921 94

20, 240 25101,570 2225,827 906, 447 00

30, 922 39

205, 465 62

52, 047 8140, .65 7055, 499 4231,475 1456,434 748, 585 462, 847 562, 350 00

10, 058 3414, 000 002, 900 00

44 77

276, 708 94

6, 658 251, 585 00

5, 106 74881 25

2,160 901, 625 00

100 001,552 50

11, 788 00

15, 960 962, 430 00

13, 66L 73

63, 510 33

68, 020 306, 000 007, 343 75

18, 564 5017, 559 6911,000 0014, 437 383, 000 005, 120 10

13, 982 443, 454 32

10, 343 72

5, 307 988, 433 37

192, 567 55

11, 151 05

798 40600 00710 50

7, 650 46195 00160 94

3, 773 08217 40363 98

25, 550 81

763, 803 25

Losses.

$121, 540 7272, 259 52114,146 54933,206 27758, 764 66255, 649 54439, 702 29

2, 695, 269 54

667, 262 041,371,600 94

48, 880 27372,933 16523,817 21167, 561 27165, 745 3915, 694 8227, 727 13

140, 223 44

18, 004 87

3, 519, 510 54

39, 977 5250, 579 68

109 632 4292, 462 6834, 503 192 211 00

26, 036 98127 03

137,275 50194, 523 49

1 392 9960, 512 3556, 482 2542, 502 34

848, 219 42

381,724 6151,587 7325, 175 53

130, 346 38147, 334 7612.5, 225 50137, 004 6349,518 6845,082 312 903 16

71,294 81114,273 50] 9, 5.57 3492 580 3933,164 2223, 923 97

1, 450, 697 52

65, 104 4479 88

5, 112 4712. 569 4312,419 0564, 385 02

32, 623 4510 199 3722, 119 381, 733 78

818 50

227, 165 37

8, 740, 862 39

1234567

891011121314151617IS19

2021

232425262728293031323334

35363738394041424344454647

4950

51^9

53545556575859606162



Table, by States and reserve cities, of the ratios to capital, and to capital and surplus, of

States, Territories, and reservecities.


BostonRhode IslandConnecticutNew York

New York City . . .Albany



DelawareMaryland

BaltimoreDistrict of Columbia .

WashingtonVirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisiana

New OrleansTexasArkansasKentucky

LouisvilleTennesseeOhio...

CincinnatiCleveland

IndianaIllinois

ChicagoMichigan

DetroitWisconsin

MilwaukeeIowaMinnesotaMissouri

St. LouisKansasNebraskaColoradoNevadaCalifornia

San FranciscoOregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming

Averages 4.1

Ratio of dividends to capital for six months ending—

Pr. ct.4.43.94. 13.92.93.33.83.74.56.24.23.84.43.44.4

3.65.64.34.54.14.76.49.55.24.96.54.05.34.67.83.73.47.6

10.75.04.64.0

12.0

4.43.75.33.92.83.44.14.15.04.24.24.14.43.74.45.64.04.02.44.14.63.73.63.92.53.7

4.15.83.73.84.25.14.43.84.15.15.74.94.95.15.44.05.28.04.33.73.67.49.6

4.43.94.14.12.93.44.04.14.86.04.43.94.43.74.44.43.74.02.64.34.53.63.53.52.54.1

4.16.96.33.73.75.64.54.64.14.77.09.65.95.15.54.05.65.14.63.58.37.6

15.6

Pr. ct.4.33.63.43. 62.83.44.14.04.54.64.24.14.03.74.44.43.94.02.44.34.33.84.03.32.54.0

5.0 |12. 04.2 4.74.0 4.0

|32. 0 12.0

4.13.63.83.83.94.95.8

10.55.25.96.9

14.75.63.14.63.17.04.93.52.64.2

13.88.4

10.04.74.0

3.618.0

5.0 6.028.0 22.0

. . . . ! 7.54. 9 | 7. 7

20.0

6.0 6.03.0

11.1

4.2 4.3

Pr. ct4.33.83.83.72.93.44.04.04.76.14.73.94.93.84.54.73.64.02.44.24.33.94.03.77.64.08.05.04.15.35.93.63.45.44.33.54.15.1<). 05.05.64.24.34.35.35.39.72.76.14.9

12.010.05.24.0

18.3 14.2. . . . 5.04.0 3.3

Pr. ct.4.23.94.23.72.93.54.04.44.64.24.63.94.73.74.84.4b Oo. o4.03.34.14.13.44.13.42.53.5

4.03.71.2

12.24.69.56.9

5.04.23.94.03.83.95.04.13.84.14.65.73.95.33.74.54.94.95.14.13.95.94.97.2

10.05.64.0

19.37.01.9

15 010.97.33.64.23.4

4.1

4.13.73.93.62.73.43.94.24.76.24.74.0

S.84.64.43.74.03.45.74.13.94.33.52.53.87.44.06.65.0

.5.83. 63.55.04.03.33.84.15.73.75.94.27.04.94.95.24.23.67.45.97.0

12.07.94.0

10.87.03.0

22.5

8.9'5.21.6

22.5

4.2

Pr.'ct.4.13.73.83.32.83.33.83.94.34.24.43.54.63.74.84.53.84.03.44.03.73.34.03.22.53.62.84.03.65.74.44.13.84.74.03.24.13.95.04.74.44,25.36.54.43.14.13.08.84.9

10.010.03.54.06.03.34.6

4.17.84.73.13.0

3.74.94.94.84.64.86.54.53.93.53.53.94.99.6

10.04.54.05.8

4.914.00.86.13.93.93.6

3.9

Pr. ct.4.33.73.23.42.73.23.63.74.33.34.43.74.63.74.94.13.74.03.44.03.73.74.33.62.34.43.14.03.93.33.83.83.54.43.73.3

2. 3 1 2. 8

1.75.55.63.93.7

3 0. o

Katio of

Pr. ct.3.63 33.33.12.42.83.03.03.33.53.33.03.02.63.43.63.13.22.13.33.83.34.23.14.73.0

Pr. ct3.53.14.43.02.32.83.33.33.62.43.23.33.02.83.44.33.33.22.03.23.63.22.93.22.43.2

3.53.15.33.23.14.73.53.93.43.64.86.04.13.65.03.24.23.93.32.92.85.98.24.84.13.6

10.0

"3.115.0

4.4

15.6

3.24.73.03.23. 64.33.73 33.43.94.23.03.93.74.22.94.16.73.52.92.95.67.04.53.73.6

26.7

5.223.3

3.34.0

3. 3 3. 3

NOTE.—Figures printed in bold-faced type in column



the dividends and earnings of national banks, from March 1, 1881, to September 1, 1885.

dividends to capital and surplus for sixmonths ending—

Ratio of earnings to capital and surplus for sixmonths ending—

5.13.83.4.43.44.04.14.57.13.94.54.44.34.65.94.54.43.62.05.54.64.87.25.5

10.45.1

3.3I 3.2

3.53.02.04.14.04.54.13.9

9.27.38.7

12.66.13.5

16.61.83.2

10.49.27.26.58.47.9

12.5 20.4.5 ! . . . .

5.8 i 7.02.6

7.019.917.2 12.55.0 16.1

3.4 3.3

for 1884 signify percentage of loss.



Clearings and balances of the banks of New York City for the weeks ending at the dates given.

Week ending—

Sept. 4,Sept. 11,Sept. 18,Sept. 25.

2,9,16,23.30,

Oct.Oct.Oct.Oct.Oct.Nov.Nov. 13,Nov. 20,Nov. 27,

Sept. 3,Sept. 10,Sept. 17,Sept. 24,Oct. 1,Oct. 8,Oct. 15,Oct. 22.Oct. 29,Nov. 5,Nov. 12,Nov. 19,Nov. 26,

1880..1880..1880..18H0..1880..1880..1880..1880 .1880..1880 .1880..1880..1880..

1881..18 1 .1881..1881..1881..1881..1881..1881..1881 .1881..18cJl..1881..1881..

Sept.Sept.Sept,Sept.Sept.Oct.Oct.Oct.Oct.Nov.Nov.Nov.Nov.

Sept.Sept.Sept,Sept.Sept.Oct.Oct.Oct.Oct.Nov.Nov.Nov.Nov.

1882 .1882..1882 .1882..1882 .1882..1882..1882..1882..1832..1882 .1882..1882 .

1883.1883.188318831883.1*831883.1883.1883.1883.18831883.1883.

Sept. 6,Sept. 13,Sept, 20,Sept. 27,Oct. 4.Oct. 11,Oct. 18,Oct. 25,Nov. l,Nov. *,Nov. 15,Nov. 22Nov. 29,

Sept. 5,Sept, 12,Sept. 19,Sept. 26,Oct. 3,Oct. 10,Oct. 17,Oct. 24,Oct. 31,Nov. 7,Nov. 14,

1884..1884..1884 .1884..1884..1884..1884..1884..1884..1884 .1884..1884 .1884..

1885.1885188518*51885.1885..1885.1885.18851885.1885.

Clearings

$603, 877,625, 650,623, 375,573. 355,7«-5, 598,651, 169,693, 917,872, 895,785, 361,866. 393,896, 540,868, 076,

1, 072, 680,

203 02183 37655 48801 73706 46020 35360 86695 57021 85048 37451,06513 35747 81

857,413,263 85639, 907, 979 97925, 116^460 37773,401,695 57758, 155,052 10

1,154,052,466 33975, 722, 717 38953, 85o, 125 23881, 124,243 74

1,021,882,159 8579tf, 664, 256 97892,319,707 29892, 475, 503 06

787, 790, 346 16806, 162,117 62

1, 010, 034, 295 97950, 962, 831 49

1,011,393,333 571,124,300,247 43999,817,864 93

1, 044, 396, 226 21857.810,086 35991,296,926 46950, 469, 956 50

1, 054, 584, (365 671, 246, 998, 567 95

645, 021, 546 86739,732,907 18732,316,071 00700, 0>*2, 400 54763, 567, 336 28759. 872, 865 58833, 965, 948 88919,608,026 44906,319,847 51817,996,284 43622, 487, 973 40783, 094, 622 25682, 451, 400 44

463,912,628 57422, 613, 919 74492, 0(59, 873 06491,357,661 20554, 662, 698 69496, 582, 476 56518,575,214 89605,195, 931 55458,532,5.58 11477,210,695 35527,541,755 74555,711,509 01459, 294, 007 66

476, ?00, 526 79484, 537, 657 96480,733,380 21471.652,048 41572, 076, 277 97659, 560, 549 70702, 000, 829 74828, 373. 048 53695,214.389 87775,416,616 98779, 244, 286 61

Balances.

$33, 414,26,812,30, 733,30, 070,32, 827,28, 586,27, 875,32, 910,31,018,33, 236,34, 579,34, 404,32, 472,

37,132,* 28, 808,3(>, 408,29, 389,26, :*49,35, 187,31,673,35, 159,32, 450,37,173,27, 635,3., 043,23, 882,

325 94778 80842 94332 134U0 90849 16042 64082 09354 80599 77373 05639 13796 33

230 86004 38897 13049 98314 58t?86 23440 10491 42957 70439 72753 35351 43022 31

27, 396, 924 6429, 786, 3H6 4130,418,411 7827, 978, 468 2834, 393, 848 9130, 742, 717 3135, 772, 217 8633, 623, 283 8626 633, 506 7037, 122, 701 7126, 969, 785 9233, 258, 877 7728, 657, 750 01

26, 472,31, 195,30, 9U,30, 061,30, 2t>0,32, 844,31,363,31,917,31,844,29, 708,28, 478,33,519,28,333,

986 85746 55820 30000 19285 71144 42439 92847 51418 48441 71167 32486 13263 64

21,278,921 7522,793,219 6021,412,397 5322, 028, 008 1132,658,517 1026, 358, 572 4028, 696, 794 9327, 673, 214 9523, 225,190 5928,269,591 5926, 823, 261 2626,496,903 1321, 392, 407 63

22, 990,23, 9*39,24, 410,22, 978,30, 158,28, 462,29, 6H2,30, 475,29, 590,30, 751,27, 323,

87 52367 46868 93989 63232 32678 38037 42583 77574 77563 5021 40



Average weekly deposits, circulation, and reserve of the national banks of New York City, asreported to the New York Clearing House, for the months of September and October in eachyear from 1878 to 1885.

Week end-i n g -

Liabilities.

^Circulation. Net deposits.

Sept. 7,1878Sept. 14,1878Sept. 21,1878Sept, 28,1878Oct. 5, 1878

12,187819, 187826,1878

Oct.Oct.Oct.

Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.

Sept.Sept.Sept.Sept.Oct.Oct.Oct.O.-t.Oct.

6.187913,187920,187927,18794,1*79

11,187918.187925.1879

4.188011.188018,188025. 18802,18809,1880

16, 188023, 188030, 1880

Sept. 3,1881Sept. 10. 1X81Sept. 17. 1881Sept. 24,1*81Oct. 1, 1*81Oct. 8, 1881Oct. 15, 1881Oct. 22, 188!Oct. 29, 1881

Sept.Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.

Sept.Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.

Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.

Sept.Sept.Sept.SeptOct.Oct.Oct.Oct.Oct.

2,18829, 1X82

16, 188223,1X8230, 18X2

7, 1X8214, 18*221 1XX228, 18x2

1,18838. 1883

15, 18X322, 1X8329, 1X83

6, 188313, 18«320, 1x8327, 1883

6,188413,188420,1X8427,18844, 1884

11, 1X8418, 188425, 1884

5,188512, 1X8519, 188526, 1X853, 18X5

10, 18X517, D-8524, 1X8531, 1885

Dollars.19, 037, 00019, 453, 00019,591,00019, 692, 50019,552,20019, 567, 80019, 575, 900

j 19,864,400ii 21,354,100| 21,585,300! 21,366,700j 21,513,700

21,914.20022,061,900

| 22,268,600i 22,430,500I! 19,324,200

19,335.500! 19,326,400| 18,864,400! 18,618,600 'I 18,555,600 ;| 17.611,000 !I IS, 682, 500; 18,628,400 |

I 19,669,400 |! 19,764,500 i| 19,768, 100 jJ 19,747,500 I

19,841,400 I| 19, 849, 400 j

19,878,400 i19,901,40019,930,400

j18,278,400 i18.307,000 !18,357,500 !18, 623, 70018, 768, 100,8.894,80018, 732, 00018. 749,400

j 18,764,500

15, 622, 60015. 527, (0015 519,70015, 394, 60015, 184,80015, 069, 10015, 164,20015,252,90015, 336, 200

14,221,00014, 132,30014,081,40014, 083, 30013,578,40012, 884, 70012,752,70012, 910, 900

9, 704, 7009, 753, 3009, 735. 8009, 808. 0009, 902, 9009, 921, 2009, 954, 000

10, 006, 0009, 989, 800

Dollars.191,650,200191, 090, 500190,268,100189,832,700187, 568, 400184,8-25.400183, 627, 600186,082, 100

201, 608, 400201,071,200203, 326, 900204, 964, 400206, 86»>, 800207, 684, 500207, 200, 200205, 496, 800

267, 791,2C7, 792,268, 244,264, 358,263, 755,269, 993,271, 907,269, 708,271,230,

278,241,700277,011,700279, 404. 900277, 2*8. 600270, 727, 400263, 081,600254, 224, 700250, 299, 000251,480,300

271,999,400265, 566. 900263, 736, 700260, 205, 800251,858, 100249, 136, 800249. 629, 700247, 974, 400247, 575, 400

269,961,9002H8. 805, 500272,325,100271,728,200268, 496, (500265, 592, 500268, 942. 000202, 535, 700258, 589, 600

251, 527, 200251,654,700254,141,200252, 765, 500256, 696, 800261,801,600261, 527, 700261,405,400

321,8.59,000320.910,000319, 060 800316.767,000315. 002,600315, 596, 200317, 296, 700313, 767, 200313,399,700

Total.

Dollars.210,687,200210, 543, 500209, 259, 100209, 425, 200207, 120,600204, 393, 200203, 203, 500205, 946, 500

222, 962, 500222, 656, 500224, 693, 600226. 478,100228,781,000229, 746. 400229, 468, 800227,927, 300

287,115,500287, 128, 100287, 570, 700283, 222, 600282, 373, 6002X8, 549, 000289,518,700288,391, 100289,859,100

297,911,100296, 776, 200299, 173, 000297,016, 100290, 568, 800282, 931, 000274. 11)3, 100270, 200, 400271,410,700

290. 277, 8002X3, 873, 900282, 094, 200278, 829, 500270, 644, 2tiO268, 031, 600268, 361, 700266, 723, 800266, 339, 900

285, 584, 500284, 332, 500287, 844, X00287, 122,8002x3, 681, 400280, 661, 600284, 106, 200277, 888, 600273, 925, 800

265, 748, 200265, 7X7. 000265, 222, 600266, 848, 800270, 275, 200274, 666, 300274, 280, 400274,316,300

331,563,700330, 663, 30032H, 796, 600326, 575. 000324, 905, 500325,517,400327, 250, 700323, 773, 200323, 389, 500

Reserve.

Specie.

Dollars.14, 583, 20015, 929, 30015, 590, 40015, 373, 30014, 995. 8001-2,184,60013,531,40017, 384, 200

18, 502, 90018, 538, 00018, 670, 40018,731,60018, 979, 60020,901,80024, 686, 50025, 636, 000

61, 269, 20060, 716, 00061, 522, 20060, 026, 60059, 8-23, 70062,521,30062, 760, 60060, 88X, 20061,471,600

57, 816, 10059, 991, 60061,224, 10060, 476, 00054, 954, 61)053, 287, 90051,008.30054,016,20055, 961, 200

49, 775, 40047, 148. 50048,571,50047, 114, 00044, 9?5. 50047,016,00048, 281, 00049, 5IS, 20048, 374, 200

53, 529, 00052,601.40053, 397, 4004J), 360, 00050, 067, 90051, 586, 70050, 894, 00047. 262. 90046, 372, 800

64, 899, 90064, 288, 20065, 409, 51)064, 302, 00067, 470, 60068, 922, 50067, 579, 40067, 638, 000

102, 921,100100, 255, 300

97, 333, 20095, 037, 90092, 351, 60093, 642, 50091. 945,30087, 309, 10084, 954. 600

Legal-tend-ers.

Dollars.43, 260, 30041,673,40041, 894, 70039, 7C2, 00038. 304, 90037, 685, 10036, 576, 00035, 690, 500

36, 275, 80036. 181, 60037, 781, 10035,901,90034, 368, 00032, 820, 30029, 305, 20026, 713, 900

12, 545, 90011,952,00011,407,10011,090,50011, 129, 10010, 785, 00010,939 20010. 988, 20010, 925, 000

13,226,60012,591,30011, 979, 00012,451,30012, 150,40012, 153, 80012,45 4,70012, 496, 50012,947,900

19,953,10019,448, 80018,61.1,50017,993,70018, 3X9, 00018, 3X4, 50018, 002, 70017, 023, 9o()17,204,700

21,729,00021,074,50020, 6<>2, 70022, 443, 30020, 56n, 80020, 122, 50021, 145,80020,719,70020, 617, 600

25, 060, 80025, 191. 80025, 2(58, 00025, 375, 70025. 817, 30027, 654,10027, 875, 50027, 354, 200

28,701,90028, 842, 30027, 662, 80026.014, 80024, 516, 60023, 002, 00022.221, 10021, 059, 80021, 874, 900

Total.

Dollars.57, 843, 50057, 602, 70057,485, 10055, 135,30053, 300, 70049, 869, 70050, 107,40053, 074, 700

54, 778, 70054,719,60056, 451, 50054, 633, 50053, 347, 600P3, 722, 10053, 991, 70052, 349, 900

73,815,10072 668,00072, 929, 30071,116, 10070, 952, 80073, 306, 30073, 691), X0071,876,40072, 396, 600

71,042,70072, 582, 90073,203. 10072. 927, 30067, 105,00065,441,700153,461,00066,512,70068, 909, 100

69, 728, 50066, 597, 30067, 263, 00065, 107, 70063,314,50065, 400, 50066, 283, 70066,542, 10065, 578, 900

75, 258. 00073, 675, 90074,060. 10071, 803, 9O070, 634, 70071,709,20072, 039, 80067, 9x2. 60066, 990, 400

89, 960, 70089, 480, 00090, 677, 50089, 677, 70093, 287, 90096, 576, 60095, 454, 90094, 992, 200

131,623,000129,097,600124,996,000121,052, • 00116, 868, 200116,644,500114. 166.400108.368,900106, 829, 500

Ratio toliabili-

ties.

Per cent.27.4527.3627.4026.3325. 7324.4024. 6625.77

24.5724.5825.1224. 1223.3223. 3823.5322. 97

25.7125. 3125. 36"25 1125.3725.4225.4624.9224. 98

23.8524.4624. 4724. 5523.0923.1323. 1524.6125.61

24.0223.4623 8423. 3523. 2524. 0324.7024.9724. 77

26.3525. 9125.7325.0124 9025. 5125.3624.4724.46

33.8533. 673H. 8133. 6134.5235. 1634.8034.63

39.7039.0438.0137.0735. 9735. 8334.8933.4733.03



State of the laivfal-money reserve of the national banks as

STATES AND

Dates.

Oct. 2,1879Dec. 12,1879Feb. 21,1880.Apr. 23,1880June 11,1880Oct. 1,1880Dec 31,1880Mar. 11,1881.May 6,1881June 30,1881Oct. 1,1881Dec. 31,1881.Mar. 11,1882May 19,1882.July 1,1882Oct. 3,1882Dec. 30,1882Mar. 13,1883.May 1,1883June 22,1883.Oct. 2,1883Dec. 31,1883Mar. 7,1884Apr. 24,1884June 20,1884.Sept. 30,1884Dec. 20,1884Mar. 10,1885May 6,1885July 1,1885Oct. 1,1885

No. ofbanks.

1,8201,8241,8311,8441,8451,8591,8631,8601,8681,8801,8951,9261,9451,9811,9962,0262,0652,0972,1282,1692,2532,2802,3142,3402,3762, 4172,4172, 4252,4322,4422,467

Net deposits.

$329, 874, 452348 834, 775375, 281, 538384, 765,183385,168, 252410, 522, 448439, 354, 304447, 410, 923460, 478, 466484, 089, 521507, 247,143518, 701, 965515,198,159519, 247, 650527, 588, 049545, 842, 660554, 245, 520550, 892, 283556, 309, 464560, 731, 879577, 880, 812579, 512, 711573, 619, 524575, 995, 025544, 660, 331535, 807, 406520, 283, 576537,613,418540, 281, 3145C2,196, 593570, 838, 327

Reserve re-quired.

$49, 535, 54052, 379, 53556, 346, 82757, 766, 63357,801,80661, 598, 29865, 922, 99567, 131, 60269, 091, 73372, 633, 32976,196, 94577, 809, 25777, 283, 68677,891,11079, 142,16981, 880, 36183,140, 39082, 637,10483,449,58184,112, 68386, 685, 68886, 930, 75386, 046, 71586, 399, 253£1, 699, 04980,371,11078, 042, 53680, 642, 01281, 042,18282, 829, 48985, 625, 749

RESERVE

Oct. 2,1879Dec. 12,1879Feb. 21,1880Apr. 23,1880June 11,1880Oct. 1,1880Dec. 31,1880Mar. 11,1881May 6,1881June 30, 1881Oct. 1,1881Dec. 31,1881Mar. 11,1882May 19,1882July 1,1882Oct. 3,1882Dec. 30,1882Mar. 13,1883May 1,1883June 22,1883Oct. 2,1883Dec. 31,1883Mar. 7,1884Apr. 24,1884June 20,1884Sept. 30,1884Dec. 20,1884Mar. 10,1885May 6,1885July 1,1885Oct. 1,1885

22822823023123123123223423423523723824?242243243243246247248248249249249249247247246246247247

439, 009, 954458, 944, 779498, 980, 548482, 230, 794516,491,857,557, 508, 975544,501,717536,112,658588, 714,401655, 815, 066604, 438, 599577,163, 351564, 058, 531590, 883, 075604, 391, 647572, 791, 257565, 948, 445559, 431, 070568, 267, 546611,259,171590, 785, 930612,621,435642, 682, 644620,221,832534, 629, 056562, 888,105588, 299, 710626, 616, 971644, 259, 607669,199, 214677, 333, 060

109,752,489114, 736,195124, 743,137120, 557, 698129,122, 964139, 377, 244, 136, 125, 429134, 028, 165147, 178, 600163, 953, 766151, 109, 650144, 290, 838141, 014, 632147, 720, 769151,097,911143, 197,814141,487,111139, 857, 768142. 066, 886152, 814, 793147, 696, 483153, 155,359160,670,660155,055,456133 657, 263140, 722, 026147, 074, 927156, 654, 242161, 064, 902167, 299, 805169, 333, 265



shoivn by their reports from October 2, 1879, to October 1, 1885.

TERRITORIES.

Reserve

Amount.

$124, 315, 513124,606, 178139, 489, 054133,966,543138, 632, 303147, 105, 244155, 406, 393150,919,415155, 258, 612170, 055, 750158, 299, 042159,060,717150, 725, 091154, 776, 359151, 908,107150,351,513158, 832, 406155, 131, 167148, 836, 606157, 728, 089157.493,584167,741,690167, 008, 072162, 466, 064145, 997, 562156, 304, 733161,864,287175, 030, 558171,011,833170, 245, 483177, 470, 804

CITIES.

136,610,443138, 638, 047149, 451,113140,898, 106169, 206, 207175, 852, 502357,721,336147, 308, 032180, 221, 803197, 889, 047163, 348, 053161, 410, 332157, 802, 939172,827, 165167, 963, 478153, 557, 856162, 387, 772148, 706, 922156,419, 122184, 362, 295171, 448, 008182, 221, 554198,511,843179,371,793160. 231, 029189, 850, 706208 349, 105235, 974, 313247, 455, 612256,223, 121237, 894, 989

held.

Ratioto liabili-

ties.

Per cent.37. 735.737.234.836.035.835.433.7

1 33.735.131.230.729.329.828.827.528.728.226.728.127.228.629.128.226.829.231.132.631.630.831.1

31.130.230.029.232.831.529.027.530.630.227.028.028.029.227.826.828.726.627.530.229. 029.730.928.930.033.735.437.738.438. 335.1

Specie.

$11,474,96113, 257, 82515,931,20818, 523, 23018, 988, 00121,145, 73825, 108,88826, 660, 88227, 842, 50127, 635, 21527, 509, 82130, 283, 76729, 161,73430, 036, 47730, 089, 06430, 024, 28931, 095, 49630, 072, 36031,414,15531, 055, 22031, 253,19433, 178, 82933,471,05336, 352, 68436, 407, 05135, 238, 17534, 587, 23138, 852, 69240, 736, 66940, 065, 64041, 467, 335

30, 698, 77165, 527, 13773, 215, 50367,410,64280, 023, 10487, 035, 65180,609,81377,490,35493, 525, 721

100,058, 12385, 162, 73582, 253, 63279, 620, 29781, 177, 31080,751, 15872, 883, 48975, 331, 66367, 890, 00672, 193, 11184, 299, 17676, 564, 78981, 097, 32988, 609, 07378. 392, 0'373, 254, 63193,371,299

105, 159, 848128,263, 181136, 678, 750137, 546, 852133, 405, 237

Classification of reserve held.

T PP-'II

$29, 628, 09629, 357, 05728, 471,13330, 138, 70828, 650, 254

i 27,613,37029, 0(i3, 89226, 783,13128. 672, 78927,416,23026,473,00228, 905. 00126, 897, 69428,160,62726, 857. 62028,318,64631,038.11128, K71,03130, 367, 25229,053, 11630,245,60032, 6J>5, 29929,859,21830, 944, 46431,448,25430, 392, 84029, 943, 39130,134,19729, 508, 03627, 473, 32929, 375, 936

39, 557, 86625, 362, 06726, 749, 50630, 889, 35035,821,47229, 023, 55830, 150,98225.371,17833, 842,17731,308, 17326, 677, 60231,188,49329, 725, 29837, 797, 24737, 153, 13934, 994, 87137, 440, 31031,977,03737,889.21644, 779, 34240, 437, 39747, 864, 49745, 987, 87746, 7(i8. 16445, 468, 95846,651,81946,426, 16440, 883, 12547, 828, 96352, 228, 02340, 362,183

United Statescertificates of

deposit.

$735, 000670, 000670, 000645, 000605, 000640, 000630, 000585, 000585, 000575, 000620, 000595, 000610, 000535, 000620, 000610,000635, 00056"), 000585, 000575, 000585, 000610,000595, 000550, 000575, 000500, 000565, 000665, 000635, 000635, 000500, 000

26, 035, 00010, 180, 00010, 090, 0007, 225, 000

11, 895, 0007, 015, 0005, 520, 0005, 525, 0007, 460, 0008, 965, 0006,120, 0007, 335, 0008, 835, 0009, 850, 000

10, 425, 0008, 035, 0007, 840, 0007, 840, 0007, 835, 000

10, 070. 0009, 375, 000

10, 230, 00013, 450, 00011, 440, 0009, 295, 000

13, 700, 00018, 475, 00022, 095, 00018, 500, 00022, 285, 00018,300 000

D u efrom reserve

agents.

$71, 302, 88770, 017, 26983,134, 25973, 296, 23679, 126,76386,371,22989, 258, 93086, 060, 70587, 109, 924

103, 297,18492, 335, 03687, 745, 65682, 599, 92484,721,96983, 221, 97080,064, 19684, 783, 91784 431,39475,216,79585, 825, 60184,119,73888, 057, 47392, 267, 70483, 664, 76166, 843, 81479,652, 11986,489, 19595, 289, 83089,991,05492, 068, 59395, 954 541

35, 720, 66032, 725, 18334, 657,12830, 667, 99436. 808, 90548, 191,54936, 896. 08434, 759, 98640, 862, 22952,961,45340,633, 14735, 784, 81034, 852, 79639, 467, 97635, 233, 04233, 213. 03237, 282, 19036, 592, 76134, 090, 02740, 821, 35340, 798, 99038, 942, 13346, 437, 30838, 827, 19728, 403, 33832, 340, 90034, 672, 78141,172,44340, 912, 04940, 661, 80942, 402, 609

Redemp-tion fund wi th

Treasurer .

$11,184, 56911, 304, 02711, 282, 45411, 363, 36911, 262, 28511, 334, 90711, 344, 68310, 829, 69711, 048, 42811, 132,12111,361, 18311, 531, 29311,455,73911, 322, 28611, 119,45311, 334. 38211, 279, 88211,191,38211, 253, 40411,219,15311, 290, C5211, 200, 08910. 815, 09710,954,15510,723,44310, 521, 59910, 279, 47010, 088, 83910,141,07410, 002, 92110,172, 992

4, 598,1466, 843, 6604, 738, 9764, 705, 1204, 657, 7264, 586, 8344, 544, 4574,161,5144,531,6764, 596, 2984, 754, 5694, 848, 3U74, 769, 5484, 534, 6324, 4ul, 1394, 481, 4644, 493, 609

" 4,407,1184,411,7684, 392, 4244,271,8324, 087, 5954, 027, 5853, 944, 4103, 809, 1023, 786, C883,615,3123, 560, 5643, 535, 8503, 501, 4373, 424, 960

123456789

10111213141516171819202122232425262728293031

123456789

10111213141516171819202122232425262728293031



Lawful money reserve of the national banks, as shown by the reports

STATES AND

Cities, States, and Territories.

MaineNew HampshireVermontMassach usettsRhode Island ..,ConnecticutNew YorkNew JerseyPennsyl vaniaDelawareMainlandDistrict of Columbia..VirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexas ,ArkansasKentuckyTennesseeOhio ,ImtianaIllinoisMichiganWisconsinIowaMinnesotaMissouriKansasNebraskaColoradoNevadaCaliforniaOregonDakotaIdahoMontanaNew Mexico -UtahWashington .Wyoming

Total .

No. ofbanks.

714847

1956184

26772

2281527

124211514165

1061

686

5932

18390

1539747

1254936747525

1169

414

1586

155

2,467

Deposits.

$10,193,1126,271,2435, 229, 319

53, 596, 19814. 643, 99524. 856, 64579, 493, 20833,374, 14062. 410. 870

4, 060. 6805, 774, 469

781.1588, 740. 8102,551,8503, 608. 6993, 125, 9743, 605, 469

820, 0342, 236, 670

700, 14870, 308

9,498,4711,575,7318, 603, 9908, 743, 371

32, 080, 76920,591,5212K, 482, 3*>918, 633. 92710,219,34117,519,41921,980,913

6, 009, 69710. 367. 84113, 697, 32010, 610.175

234, 8295, 622, 2003, 0t)5, 2403, 891), 878

416.6555, 492,1541. 927, 9941, 693. 3991, 450, 7811, 744, 353

Reserve re-quired.

570, 838, 327

15 per cent.$1,528,967

940, H86784 398

8, 039. 4302, 196. 5993, 728, 497

11,923,9815,006,1219,361,630

609, 102866,170117, 174

1,311,122382, 778541. 305468, 896540, 820123, 005335, 501105, 0'2210. 546

1,424,771236, 360

1, 290, 5981,311,5064,812,1153,088,7284, 272, 3542, 795, 0891,532.9012. 627. 91.33,25)7,137

991,4551, 555, 1762, 054, 5981,591,526

35, 224843. 330450, 786583. 6X262, 498

823, 823289. 199254. 010217,617261,653

85, 6.<5, 749

Reserveheld.

Ratioof re-serve.

$4, 075, 3982, 423. 330 -1,708, H)5

14, 543. 9794, 019, 8M67.645, 166

24, 016, HI512, 580. 43319, 573. 9101, 656, 1361, 897. 394361,649

2, 643, 742777, 006906, 742771, 195943, 425201.271569. 345152, 25925, 559

3, 266, 400472, 135

2, 542, 1882, 023, i-80

10, 303, 0897, 479. 2609, 735, 2376, 735, 1763, 224, 5S35, 306, 8285,J 060, 3861. 966, 9953,055,9813, 769, 5374,216, 167

53, 5481, 555, 425

809, 8651,031,699

122, 5861, 328, 909

554, 326405, 695451.030525, 994

177,492,919 3L.09

Per ct.39. 9838.6432. 6727. 1427. 4530.7630.2137.7031.3640. 7832. 8646.6830. 2530.4525.1324.6726.1724. 5425.4521. 7536 3534. 3929. 9729.5523.1532. 1136. 3234.1836. 1431.5530. 2923. 0229.7629.4827. 5239 7422. 8027.6726.9526. 5229. 4224. 2028 7523.9631.0930. 15

RESERVE

Boston.AlbanyPhiladelphia .Pit tsburghBaltimoreWashington . .New Orleans .LouisvilleCincinnatiClevelandChicagoDetroitMilwaukee . . .St.. LouisSan Francisco

Total . . . .

New Y o r k . . . .

United States.

203

102, 057, 6648.918,686

77, 989, 26721,433,57921, 235. 138

3, 485, 3638,8*9, 1866, 295. 248

19.524. 1639. 784, 273

59,071,2189, 533,4235. 977. <439, 303, 829

97(5, 175

25 per cent.25. 514. 416

2, 229, 67219,497,317

5, 358, 3955, 308, 784

871,3412, 222. 2961,573,8124, 8S1, 0412, 446. 06*

14, 767, 8042, 3S3, 3561, 494. 3362. 325, 957

244, 044

44

"2/714

364.474.555 91,118.639

312, 8-H. 505 78. 2! 4. 62K

28, 726, 3983, 4*0. 802

28, 843, 9917, 086, C727, 728, 2991, 336. I .'02, 496. 2o71,457 0116,921,9543, 101,341

22, 261, 2453, 323. 5921. 909, 3303,026 3i5

488, 024

1,248,171,387 254,959.014

122,186,751

115, 7<'6,8*8

415,386,558

28.1539.0336.9833. 0636.3938. 3228.0823. 1435. 4531.7037. (S%34.8631.9432.5340.99

33. 52

36. 9rt

33. 28

NOTE.—Prior to June 20, 1874, the required reserve in States and Territories was 15 per centum,centum of the deposits only.Digitized for FRASER



of their condition at the close of business on October 1, 1885.T E R R I T O R I E S .

Cash reserve.

Required.

$458, 579272, 285207,620

2, 524, 22963s, 332

1,172,6424,281,6131,83(5,2113,271,589

212, 2*4306,47142, 370

483,92i127, 9x2197, 824166,655184, 45046, 923

115,55339, 7392,418

534, K9688. 064

406, 398482,218

1, 664, 8511,106,0901, 589, 0821, 049, 295

581.960978, 567

1 2*2. 381371', 009593. 6757*6. 243618,226

13. 370320. 043172. 69522o, 46U

23, 780321, 893108, 740

93, 72980, 567

101,871

30,180, 803

Held.

$852, 544422, 465465, 260

4, 286,1281,059,1242, 463, 8248,510,9923,891,8337, 652, 623

397, 892754, 34 6199, 918

1, 348, 466434, 065494, 9_7548,131762, 594138. 183409, 6")2124, 0.34

17, 5201, 885, 906

204. 2541, 026. 8741, 214, 2045,521,5433, 705, 5494, 087, 4952,411,4481,293,4272, :i85. 4982, 453, 627

861,2191,612,9031, 583, 5581, 716. 208

48 706958, 088537, 552584, 825

96, 393901,919212,350250, 61828o, 475274,111

Classification of reserve held.

U. S. certiti-Leâl ten-ders.

cates ofdeposit.

$175, 000

265, 00010, 00010,00020, 000

71, 343, 271 41, 467, 335

10, 00010, 000

Dne from re-serve agents.

$2, 840, 3351, 740. 890

977,9978. 528, 99 J2,359,942 I4.384,449 I

14, 2*5,673 I8,273, 007 I

10, 738, 0281. 179,8511, 043. 055

153. 4811,193, 9">6

280, 143365, 075170, 805101, 136

57, 389113,074

22, 5513, 539

1, 292, 963251, 681

1,240,710703, 715

4,131,5593, 450, 2085, 348, 0934, 151, h751, 853,1552, 739, 8342,515,6741, 044, 3431, 372, 0902, 096, 9882, 453, 997

3, 042554, 115253, 263414.41223,144

407, 898324, 626135,390154,355244,908

Redemptiontuntl with

Treasurer .

99, 993 1111,250

101, 32062, 7v»846, 74552, 2"979, 695

5, 69946. 619

5, (5744. 500

87,53116, 200

274, 604105, 961649, 987323, 503299, 649171,853

78, 001181.496 31

91, 185 3261,4*3 13370, 988 I 3488,991 3545,962 36

1,800 3743, 222 ! 3819,050 3932,462 I 403,049 141

19.092 I 4217,350 i4319,687 |4416,200 45

29,375,936 500, 000

6,975

95, 975, 906 j 10,173, 742

46

CITIES.

12,203, 5971, 082, 9329,538.9162, 523, 1832,517.877

419,9201, 063. 586

723, 1492,314.3351,208,2967, 356, 7741, 180,428

735,9181, 143, 6:tl

108, 522

44,121,064

77, 6(J7, 5 .'6

151,969,393

13, 688, 0631, 422, 3!9

20, 930, 4434,463,4165, 7f>9, 987

946, 1241, 905. 781

897, 8884, 434, 3721,911,225

15.584,3541. 649. 7541.119,0711,723.801

461.024

76, 907, 632

115, 159. 78P

263,410,691

8, 960, 565922, 869

11,361,0922, 295, 5922, 042, 624

476, 797817,951386, 468

1, 048, 087911,225

9, 673. 2"49*7, 488640. 450962, 172458,435

41,951.069

91,454, 168

174, 872, 572

3, 542, 498189,460

4, 234, 3512, 167,8241, 442, 363

469, 3271, i 87, 830

5! 1,4201, 976. 285

985, 0005, 191, 100

66!, 266472, h21641, 629

2. 5^9

23, 576, 563

16, 785, 620

69,738,119

1,185, 000310,000

5, 335, 000

2, 285, 000

1,410 00015, 000

720, 000

120, 000

11,380, 000

6. 920. 000

18,800,000

13 931,1131, 9U4. 6667, 494, < 632, 31", 6261, 685, 282

358. 496495. 351431,609

2,235,2121, I6o, 64 L6, 622, 6341, 651,338

767, 7591,263,819

1,107, 22263, 807

419. 485312, 030273, 03031,50095 1"5

127 514252, 37029, 47554. 25722. 50022, 5( 038, 69527, 0O0

42,402,609 j 2,876,510

138, 378, 515

547. 100

13, 597, 352

12345

789

101112131415

16

and in reserve cities 25 per centum of circulation and deposit; since that date 15 per centum and 25 perDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Number of State hanks and trust companies, private bankers, and savings banks, with themonths ending

States and Territories.1

Maine ...New HampshireVermontMassachusetts


State banks and trust companies.

Banks.

New England States| 40

New YorkNew York CityAlbany



Delaware -• --Maryland

BaltimoreWashington

Middle StatesVirginiaWest Virginia .North Carolina.South Carolina.GeorgiaFloridaAlabamaMississippiLouisiana


LouisvilleTennessee

Southern States..

OhioCincinnati .Cleveland..

IndianaIllinois

ChicagoMichigan

DetroitWisconsin . .


St. Louis. . -KansasNebraskaColorado

234

17

Capital.

$50, 000350, 000260, 000644, 349

3, 074, 3852, 476, 896

6, 855, 630

Deposits.

36.1, 607,1, 323,6,120,3.611,3, 767,

16,468,616

Investedin U. S.bonds.

$8, 3135, 20236, 984185, 063568. 043630, 543254, 312

1, 688, 460

Private

Banks. Capital. Deposits.

$47, 3191,0003,700

250, 0004, 483, 750

234,119140, 000

$120,15561,24016, 025

434,4151, 636, 216

334,7181,140, 936

74 I 5,159,888 ! 3,743,705

7,001,54218,148, 114

550, 0001, 255, 3734,411,404

762, 1753, 270, 897

ti73, 689455, 841

2, 447, 511

38, 976, 546 154, 894, 971 11, 782, 335 | 885 40, 005, 937

2,321,5901,177, 128

747, 894295, 000

3, 634, 625

615, 000644, 205

2, 723, 6981, 939, 276

133, 0005, 705, 0385, OHO, 4441, 697, 764

241 i 26,694,662

I-Western States

Neva daCalifornia

San Francisco.OregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming

Pacific States andTerritories

United States

414

67

1, 278, 058626, 769940, 924

1, 201, 244987, 033

3,681,1141, 337, 700710,000785,614473,231

2, 521, 985971,307

3,167, 0505, 250, 582767, 707192, 032259, 250

25, 151, 600

108, 0008, 283, 0067, 901, 233

19, 581, 38886, 794, 5931,390, 1392,973,11910,072,68925, 234, 6895,215,545917. 742441.056

2, 274, 006

1, 941, 7687,624,691354, 521268, 883478, 60681,876653, 93820, 000251, 189106, 863

163452

30

18542

1, 524, 10331,187,192

91, 00029, 180

4, 378, 5271,346,729

324, 3822, 000

98, 508667, 256357, 060

11, 402, 78830, 552, 744

71, 649920

18, 727, 5654, 104, 0011, 474, 866

1, 824143, 185

2, 072, 3662, 988, 231

5,137, 2293,089.199 !1,477,416611,067

4,341,983

270,208 I87,488 i

1

52,333 i

1,012,426 i1,441,669 ; 123, 758

4,632,1222, 280,131 I412,310 !

5,902,9695,116,1493, 050, 686

643, 0133,000

74, 017218, 553471, 197112, 388

71,540,139

2,061,637945, 544119, 21647, 745683,840272, 706

1. 257, 2211,193,246

87, 343

4, 052, 620165,318

1, 795, 145687, 524172, 054

38, 505, 356 j 2, 055, 955 I 252 j 4, 809, 796 13, 541,159

163, 65620, 882623, 83788, 268117,717

2, 398, 878

3, 132, 9311,350,0324,198, 9092,169. 5173, 228, 6838, 846, 7343, 378, 8214, 849, 9992, 654, 6826, 252, 2936, 100, 3671,911,978

10, 360, 65418,074,6101,810,416480, 354545,512

79,346,491 5,454,733

98, 56011,269,82218,199, 412

329, 692112, 47713,489

222,11251,924

325, 025849, 92047, 883

197,3413, 319, 780

16, 292, 239 29, 567, 794

113,970,677 318,783,228

3,517,121

24, 498, 604

21385

103286231248814

2457075101177131

1,474

4, 361, 082775, 472105, 000

3, 164,1903, 042, 881

586, 3811, 009, 099206, 041793, 229161,500

2, 583. 754935, 068

1, 083,125454, 973796, 437461,458325, 667

17,004,5163, 042, 679826, 114

9, 590, 09613, 282, 5903, 72H, 7793, 727,131826, 455

3, 309, 3461, 536, 6077, 017, 8062, 814, 3254, 946, 562

614, 0893, 066, 7341, 539, 4602, 934, 365

20,845,757 79,805,653

256, 457466, 913

2, 083, 5171, 203, 466

112. 932127,5115, 358

446, 7086. 667

206, 000257, 000128, 054

117 5, 300, 583

2,802 176,121,961

735, 988818,952

7,912.530974, 571243, 673396, 27918,368

724, 031181,925

1, 233, 952525,109271, 201

14, 036, 579

182, 667, 235Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


average amount of their capital, deposits, and investments in United States bonds, for the sixMay 31, 1880.

bankers. Savings banks.

Invested \ \in U. S. Banks.! Capital,bonds. ! !

Deposits.

$38,5501,984,618

7,04518, 420

58 | $21,599,46965 | i 28, 204, 30616 | . I 6,907,562

154 i .1142,510,22412 j i 56,796,871

. I 39,188, 748' 73,549,860

2,048,633 j 422 | J368, 757, 040

358,430 I7,528,342 j

3,000 j800 i

274,180 !117,527 |

7,425 j

203, 037289, 758


$3, 284, 637919,297653, 862

13,633,9936,499, 1104. 570. 369

Banks-

647122

16?5756

Total.

Capital. ! Deposits.

37, 693, 200

.|131,291,297 , ,„,„„.,,„.,„

.1174, 566,730 ! 73,737,079

$40, 00012, 289, 86117, 417, 079

270,878 ii 22,157,680 !

458, 300 j 7, 961,178 !i 1,207,860 i

10,085 i 235,703 |20,075 i 21,467,947 !

! 317, 644

8, 782, 499

24, 00050, 000

181

2

528,460 |389,183,857

340^912~! 558,336

| $3,292924

i 690! 13,857j 9,0*51I 5,207! 8,404

$47, 31951, 000

353,700510, 000

5,128, 0993, 308, 504

8,131, 932 105 2, 616, 896

8, 525, 64549, 335, 306

641, 0001, 324, 5538, 789, 9312, 108, 9044, 053, 579

675, 689564, 434

3,134, 842357, 060

48, 293,88, 890,2, 910,6,141,

822,,671,

2, 340,20,

264,10, 200,

310,

615,618,967 166,865,

18,050 |

'"""742"!85, 600 i45,000 !

2,000 j885,004 !14,583

1,000

160 133 ! i1 , 0 8 5 i i.

88 426 j 1

I ' i " '1 *! ;1

76201 3 I1 3 i58 i9 !

26 !33 !3 !

11 i105 I15 !7 1 I15

3, 036, 9741, 247,128

790, 321511, 499

4,068,279 •83,830 !

1,040,241 ;1,083,690 i

126,265 !2,777,031 !3,701,080 I

245, 110 !6,099.606 I5,267,028 j-1 nf*r\ 000 '13, 000 I i I •..' ; 30 ! 1, 769, 228

7, 757, 202 j4,034,743 |1,596,632 j

658,812 !5,910,827 I287,289 1

2, 269, 647 '2, 634, 915

87, 3434, 632, 1221, 332, 751

577, 6287, 698,1145, 803, 6733, 222, 740

294,208137,488

52,33319,050

|24742 I 25

209, 35845, 000

643, 013163,13375, 102

306, 979471, 197125, 388

6,036 | 5 j 342,912 j 1,457, 923 *j 1,000 j

4 j 65, 000 j 697, 202 j 86, 959 !

I ! ! • ' '5 ;1

498 j 31, 847, 370 53, 504, 438 I 2, 542, 991

703,819 !254,789 |.54,542 i

419,685 !557,889 I160,945 !65,921 j16,050 !72,284 !.2,425 !.

97,764 i68,044 i

103,183 !.23,475 j.42,514 !.39,492 I.

62, 4005, 000

8, 940, 548 2,151, 270 I1,413,171 ! 42,061 I

550,515 I 60,000 j10,570 |

150, 000 ! 1, 867, 594 134, 267

4 48,167 ' 208,018 !.3 ; ! 273,847 :.

248 |12 i

j316 i34 j

155 i11 I

109 '

309 !

17028

14S83

5,704, 140 |1,402,241 !1,045,924 i4,365,434 l

4,092,314 !4,272,495 i2,346,7991,066,0411,57K, 843 :

634,731 j

5, 153,906 i1,006,375 :

4,250. 1755. 7(!.">, 5."51,564,144 :

653, 890584,917 '

20, 834, 6484, 392, 711

13, 965, 57113,172, 78317, 061, 78812,584,0837, 105,9527, 544. 0485, 964, 0287, 788, 900

13,326.101 !5, 000, ) 50 •

15,307,216 ''18,688,699 !

4,877, 150 ;

2,019,814 •3, 479, 877 i

i, 823, 894

954,275,

2, 829,550, 014735, 606

2, 559,154,480,184,15,

319.119,428,873,90,39,

434 34671 35649

009701914 | 43876 |44968208395397492

50

2, 682, 821 ;

100, 000 I.

129,272 !112,423 |25,000 L

33 330,567 13,961,405 ; 2,474,557 | 1,921 ' 46,327,924 i 173,12H, 0u9 I 10,612,111

7 680, 7! 0 ; 2, 839. 944 : ......!9 2,119,796 : 41,385,352 ! 2,711,604 j1 41,742 j 58,532 ! 6,300 j

13 !

20 ;15 !

1144

304, 4579, 430. 0;.'9

12, 101, 5403,245,208

112, 932127.511

5, 358446, 7086,667

206, 000257, 000128, 054

834.548 .14,928,718 :67,497,201 !1,033, 103 I

243,673 '•39(5,279 '.18, 368 i .

724,031. |.181,925 I.

1,233,952 i.5?r>. 109 I271,201

ioo, "ooo197, ?41.

6, 100, 050118,72325, 000

5152| 5354555657585960161162

366, 695 I 17 2, 842, 248 i 44, 283, 828 J 2, 717, 904 | 201 j 24, 435, 070

14, 366, 684 j 658 4, 044,187 817, 644,113 189,187, 816 4, 456 |194,136, 825

5745 CUR 11

87,888,201 6,601,720

17319, 094, 576~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Number of State banks and trust companies, private bankers, and savings banks, ivith themonths ending


MaineNew Hampshire.VermontMassachusetts ..


Banks.

New England States.

New YorkNew York City .Albany


Philadelphia....Pittsburgh

Delawaie..Maty land

BaltimoreWashington

Middle StatesVirginiaWest Virginia..North Cai olina.South Carolina.GeorgiaFloridaAlabamaMississippi.Louisiana


LouisvilleTennessee

Southern StatesOhio

CincinnatiCleveland .

IndiauaIllinois

ChicagoMichigan

DetroitWisconsin ..


St. Louis..KansasNebraskaColorado

Western States .NevadaCaliforniaSan Francisco.Oi egonArizonaDakotaIdahoMontanaNew Mexico .-Utah....WashingtonWyoming


United States

State banks and trust companies.

41

218

17

Capital. | Deposits.

$50, 000350, 000260,0u0790, 033

3,361,0082,451,600

7, 2«53, 841 ! 20,968,622

7,211,33320, 527, 888

66, 0001,167.6X33,718,015

7t'8, 2802,922,125

604,561447,812

1,846,816

25, 277, 222105, 898, 639

182,5793, 487, 56111,599, 11933,6^8,619o, 943, 543

844, 743548, 605

2, 346, 610

39,280,513 189.777,240 10,506,894

2, 280, 4521,158,983463, 807305, 000

2, 959, 758

615, 000675, 293

2, 237, 8031,487,013130,236

5, 683, 5(534, 9<>7, 5541,748,019

1,917,814

1,832,3516, 987, 938

323, 675388, 68548, 033

623, 34810,000

256, 67536,189

6,371,4353,313,5101, 063, 5231,553, 1453, 9U1, 950

1,109,3001,311,167

5,147,1881, 777, 789495, 204

7,165, 4845. 903. 2213, 356, 247

208, 13666, 790

5a45, 000

122, 693

395,161

65, 23091,177

249, 922199, 763

Private

Banks.

80

163508

35

17252

712

196

12, 6:)9, 06745,414,376

1,611,4701,560

19, 978. 5856,174, 7852, 025, 477

19,18343, 742

2, 389, 0323, 747, 703

55,397, 130 I 94, 104,980

1,551,34745,482,515

550, 00026.231

4,140,6791,890,614

563,9105,000

49, 177773, 657364, 000

18348

306

211135

107312335

240 I 24,712,481 42,429,1(53 1,443,922

2.-S43

24347

226

294

5820

1011940128

399 | 24,757,047

80

978

89,(K)07, 778, 0738,726,011

456, 34480, 000

51, 000

17,180, 428

113,194, 310

3,300,421l,5.->8,0464, 87(>, 4092, 201,526l,3dl,3208, 793, 4453, 4d4, 9755. 887, 2735, 204, ^696, 954, 5427, 97">, 6714, 47o, 337

14.810,82524, 807, 7« 0

2, 342, 089007, 705

1,159, 507

99, 847, 750

617.11912,405,96818,816,574

461,049198, 669

97,808

32,597,187

38576197962"

162,3086(», d!)4

491,16140. 19026, 333

1,001,70042, 227

300, :<c>795, 2-361,717

291, 56423,774

339,742339,419

30, 937

5,000

3,251,769

254, 2904,219,649

6,30050, 0U0

4, 530,239

2176507668"

21384

10631024

1377

794

276898111

1358651

1,621

141

3,038

Capital.

$53, 2001, 0002.804

50,0004, 065, 097

358,181168,500

4, 698, 782

Deposits.

$169,76445, 23417,2b7

5:<9, 0282, 570, 068

462, 2681, 359, 079

5, 162,708

369, 79270, 00040, 833

229, 956478,910

99, 079564,085314,579146, 329

32, 0002, 560, 951

87, 066368, 731178, 00048,517

5, 588, 828

4,119,220812,167

55. 0t<03,130,2(384, 183,3462,004, 1971, 213, 796

36L, 25f5848, 746

64. (.672, 975, 737

67l), 2271, 120, 244

261,3021, 001,172

675, 3()0547, 827

23, 853, 472

,387, 709

1,275,9184is6, 500

67,319216, 263

6,561512, 706

13, 333157, 225284,050135, 208

3, 785, 643

93,323,855

2, 102,077992, 892102, 240

53, 9211,308, 131

521,6991, 372. 342

833, 32635, 812

*7, 033, 240184, 305

1, 936. 815728, 46411K, 240

17, 323, 504

19,931,7743,863,817

963, 93811,870, 16421,050,14!)10. 455, < 035,218,413

945, 6694,901,883

530, 04710, 388, 843

2, 772, 5676, 843, 2(57

304, 9764, 076, 3932, 053, 5862, 705, 441

109,481,990

637, 5301,022,5928,27.,6(iO

973, 519436, 587484, 335

19,097904, 498459,518

1,484,711657, 015421, 310

15, 772, 372

241, 845,554Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

REPORT OF THE COMPTROLLER OF THE CURRENCY. insaverage amount of their capital, deposits, and investments in United States bonds, for the sixM ' n L881May 31,

bankers .

Investedin U S.bonds.

$9, 966

16,'667'1,003, 343

32,6138,003

1, 067, 652

364, 268», 670, 751

351, 000333

288, 461224, 208

20; 374

195, 384287, 029

11,401, 808

35, 00035, 617

7,000

80048 28030, 000

14,6661,250

80,000

11, 833

203, 780

650, 222280, 205

8, 9H7571,999

lf 245, 738172, 58974,401

7, 333111,900

35067, 28745, 848

134, 14244, 40032, 00014*07015,000

3,483, 180

100, 000

104, 074250,000

454, 074

1ft, 670, 494

L881.

Savings banks .

Banks.

576716

157123383

425

89247

3314525

101

181

3

221

1

9

5

1156221

33

38

48

12

665

Capital.

"$25,000

Deposits.

$24,116,11732, 092, 2327, 971, 977

162, 120,98259,921.15538, 3(54, 06678, 460, 347

25,000 403,052 876

45, 000

533, 300

" 10,08520, 225

608,610

418, 741

15, 000

""*2,"000

2,129

437, 870

165, 000

75, 35010,00075, 000

150,000

40, 000

515,350

681,9651,951,243

2, 633. 208

4, 220, 038

145,650, 176192,517,56013, 981, 39220, 388, 409

309, 45725, 007, 693

9, 918, 6031,435.466

295, 39523,123, 778

397,172

433,085, 101

813, 449

307, 201929, 08217, 750

2,397

2, 009, 879

1, 173, 782

10,021,3201,710. 510

91(5. 03567, 515

393, 0712, 580, 087

228, 281500, 510

17, 639, 717

2, 233, 52441,892,395

44,125,919


$4, 049, 652738, 71650*, 777

14, 4H5, 7285, 720, 4834, 228, 3386,909,101

36, 640, 795

54, 898, 09183, 257, 940

2, 964. 8257,729,081

67, 8506, 534, 0492, 372, 208

10." 976*10, 749, 845

31, 585

168,617,050

21, 689

21,6?9

118,309

2, 133, 583122, 045

85. 23424.018

550202, 292

2, 125

2, 689, 440

6, 911,198

6, 911,198

899,973,492 214,880,178

Banks

607222

1630255

100

546

300563

1248

2467430

71139

7

1,337

7419

Capital.

$53, 20076, 000

352, 804310,000

4, 855, 730j 3,719,789

2,020,100

11,987,623

8, 702, 08066, 010, 403

616, 0001,238,9147, 858, 6942, 658, 8944,019,335

609, 501507, 074

2, 640, 698364, 000

95, 286, 253

3, 068, 9851 228 983

13 504 (MO1454

7

283

13120

14751531

.107

240128

145330

33101

14108

833711218230

1759859

2, 058

158324169

372

148

1294

233

549. 9503, 438, 668

101,0791,179, 085

989, 872146, 329

2,271,9324, 047, 964

217,3026, 052, 2945, 145, 5541, 796, 536

30, 739, 179

5, 509, 5831, :574 3171,059, (5»574, 433, 4*84, 579, ay*3, 905, 1972,4)5,5001,044,0281, 830, 8(53

437, 8985, 071, 4082, K? 5.9714. 300, 1035, 7«53, 0251,921,571

944, 372903, 440

49, 125,869

381,8518, 847, 747

11,958,172892.814147,319216, :63

6,561512,706

13, 333208. 225284, 050135, 208

23, 599, 279

4,(581 210,738,203

Total.

I

Deposits.

$24, 363. 29032,103, 12410,046,910

164,037,83270, 644, 57743, 0 !9, 20184, 289, 272

429,184, 206

183, 626, 465343, 830, 575

15, 775, 44123, 877, 53031, 947, 10164, 831, 09717, 887, 6232, 299, 392

887, 74227, 859, 4204,144, 875

Investedin U. S.

! bonds.

1 $4,056,618740,091

i 622,52514. 670, 0097, 316, 0245,170,5357, 049, 889

39,626,291

i 57,094,71099,910,629

3, 315, 8258, 053, 089

744, 9966, 806, 8903, 015, 930

10, 000267, 651

10, 981, 418318. 614

•716, 967, 321 190, 525, 752

9, 286, 90 L4, 300, 4021,105, 7031, 914, 2076, 199, 103

539, 4492,481,6422,144,493

35,8125,149, 5858,811,029

679, 5099, 002, 2990,031,0853.474,487

0L, 822, 546

21,405,9775,421,803

15, 80 L, 75715, HIS, 20023,903.50119,310,0239, 017. 05!)9,419.029

10. 100.7527, 484. 589

18. 592, 7957.754.414

21, 600, 09225, 112,0760,418,4822,601,2913, 864, 948

226, 909, 457

1,251,64915, (562. 08468, 980, 029

1, 434. 568635, 256484. 335

19.097904, 498459 518

1,582,519657,015421,310

92, 495. 478

264, 825102,407

5045, 0007,000

800170, 97330, 000

395, 16114, 00060, 480

171,177249, 922211, 596

1,729,391

930, 899340, 299

2,033,711734,834

1. 357, 30.')1, 198,937

117,241509, 992207, 190

2, 007300, 976

69, 622473, 884383, 825

63, 53714,07020, 000

9,424,395

100, 000254, 290

11, 234, 921256, 300

50, 000

11,895,511

1, 527,439, 008 253, 201, 340

1•S4567

89

101112131415161718

192021222324252627282930313233

3435363738394041424344454647484950

515253545556575859fiO616?



Number of State hauls and trust companies, private bankers, and savings banks, tvith themonths ending

State banks and trust companies. Private

States and Territories.Banks.; Capital.

1 Maine2 New Hampshire3 Vermont4 Massachusetts5 Boston6 Rhode Island

Investedin IT. S. Banksbonds, i

$9,272$50,000 ! 25,541450,000 j 2,629,483260,000 ! 2,156,705

1,}-50, 000 ! 10,828,4623,174,035 ! 4,379,082

$210, 0004, 405

555, 325810,417

7, 431, 33321, 355, 841

550, 0001, 183, 4913, 760, 025728,105

2,834,696554, 686456, 835

1,707,780

31,281,778130, 220, 9611,674,6024, 047, 18513,329,32035,300, 1195, 770, 173

958, 305480, 104

2, 445, 706

1, 788, 5067, 239, 463351,000418,644616,57642, 900626, 1746,667

244, 07538, 202

1, 753, 42051, 654. 464

91,00016,710

4, 295, 9182, 040, 877

785, 7545, 000

37, 8371,104, 268408, 517

40, 562, 792 225, 508, 253

2, 369, 3971,145, 057

510, 534405, 000

2, 970, 333

615,000 2,046,648659, 824 1, 620,183

2,213,7001, 978, 079112,167

5, 577, 0745, 090, 5961, 725, 292

25,372,053 i 48,465,265

4, 294, 085686, 99477, 000

3, 286, 5073, 735, 3788, 6d4, 6181, 407, 597161,541780, 952160, 000

4, 186, 651992, 068

1, 263, 396295, 351

1,633, 919931, 366629, 939

121, 13564,156

400, 000197, 81473, 167

1,158, 56755, 100216, 38374, 9993, 366

204, 39022, 20052s] 94047, 22935, 929

23, 709, 0572, 869, 5141, 599, 202

14, 069, 35924, 328, 45210,916,2436, 930, 2931,095,9234,317,0662, 352, 46516, 703, 2674, 486, 3166,961,756

246, 2S55, 046, 4523, 046, 9892, 469, 192

439 ! 26.486,256 [120, 170, '135

97, 3!3 ! 359,6277,190, 822 I 13, Ml, 1088,540, 142 ! 16,959,847

88. 175 i 545, 18447, 167 i 32(5.01939,435 ! 29.249

3,391 114,255,892 295,622,160

7 Connecticut

I New England States

8 I New York j9i New York City j

101 Albany11 i New Jersey12 i .Pennsylvania13! Philadelphia141 Pittsburgh15 j Delaware16; Maryland17 Baltimore18 Washington

i Middle State

19 Virginia20 West Virginia21 North Carolina22 South Carolina23 Georgia24 Florida25 Alabama26 Mississippi .27 Louisiana28 New Orleans29 Texas30 Arkansas31 Kentucky . .32 Louisville33 Tennessee

j Southern States

34 Ohio35 Cincinnati .36 Cleveland37 Indiana38 Illinois .39 Chicago40 Michigan41 Detroit42 Wisconsin .43 Milwaukee .44 Iowa45 Minnesota46 Missouri.47 St. Louis48 Kansas49 Nebraska50 Colorado

I Western States

51 j Nevada52 1 California53 j San Francisco54 i Oregon .55 i Arizona56 Dakota .57 Idaho58 Montana59 New Mexico60 Utah61 Washington62 Wyoming

Ij Pacific States andj Territories

j United States 1,012 |l 16, 806, 512 452,002,376 23,211,430Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


average amount of their capital, deposits, and investments in United States bonds, for the sixMay in, 1882.

banker

Invested \in IT. S. Banks. Capital,bonds.

27, 406, 711 $5, 314, 340144, 250 | 30, 65(3, 791450, 000 ! 11, 900, 529324,107 ! 164, 119,761

7,938,250 ! 80,945,9993, 580, 531 | 46,580,2153,017.466 ! 88,894,964

36, 630, 9949, 249, 045

161,344,85064, 137, 14641,647,64481,938,327

94,250 422, 120,536

1159, 564, 970;209,919,28015,416, 75126, 394, 884

453, 74488,501

10, 945, 8821. 597. 886

9, 184, 75373,010,31)5

641,0001,255,2018, 055, 9432, 768, 9x24, 146,833

559, 686504, 757

2, 832. 398408, 742

65,825,398 i105,051,411 !

4. 536,189 '10, 530, 123

910,2307, 573, 9213, 930, 689

6, 667255,051

11,374,767358.219

10, 085 325, 98920,350 ! 24,437. 120 | 11

225 ! 483,205 i

612,043 1478,328,212 1189,775,842

411,783 i 1,083,348 3,191,7701, 185, 057

567, 201624, 577

3, 532, 000133,521

1,191,1751,032,361

132, 2862, 368. 4274, 686, 443

288, 8436, 239, 4425, 271, 0961, 825, 065

1,146, 6922,000 ! 62,477

11,175 |62,94121,083 I

37, 79480, 92294, 394

465,18546, 398

1, 520,15481, 654

11, 452,1821, 990, 5471, 651, 672

132, 257206, 322

3,189, 367

1, 104, 796268, 014

2, 153, 232980, 879826, 245

1, 432, 807204, 457403, 961144, 815

7, 178525, 70040, 613

747, 63693, 054

471,46038, 23711, 500

784, 737203, 85814,210

706, 965634, 845 I235,787 !147, 2075,750

8163. 812

321,31018,413

218, 69645, 825

435. 53138, 2371,500

1, 739, 022, 100

118, 23338, 4532,150

181,828

42, 5009,000

30, 000150, 000

461,129 ! 21,441,468

312,778 j7, 970, 885

12,315, 19095!, 542129, 050432, 22411,575

570, 85825, 927

336, 458418, 657193,426

1, 139,28317.24M.3o272,501,8192,915, 865

862, 746839, 57357, 390

1, 434, 947793, 359

2, 119,659], 008, 857

772. 07

3 ! 428,057 , 2,128,976 i 25,6998 jl, 744. 583 i 44,678,418 \ 12, 825, S»u6

11 |2,172, 640 ; 46,807,394 j 12.851,605 ; 287 23,668,576 : 101,694,878 ' 18,749,242 |

14, 870, 745 660 3, 867, 572 ;971, 073, 946 i242, 028, 782 j 5, 063 234, 929 976 jl,718,698,482 ;280,110, 957 jDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Number of State banks and trust companies, private bankers, and savings banks, with th«months ending


MaineNew HampshireVermont...-Massuchu setts


New England States

New YorkNew York CityAlbany

New .JerseyPennsylvania


DelawareMaryland

BaltimoreWashington

Middle States

VirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisiana

New Orleans . .TexasArkansasKentucky '

LouisvilleTennessee

Southern States...

OLioCincinnatiCleveland

IndianaIllinois

ChicagoMichigan

DetroitWisconsin


St. LouisKansasNebraskaColorado

Western States . . .

NevadaCalifornia

S m FranciscoOregonArizonaDakota __IdahoMontanaN ew Mexico .UtahWashingtonWyoming


United States

State banks and t r u s t companies.

Banks.

1634

1313

40

5333

210651617437

210

5518114

21

717

14

146

531324

248

2623

241311195

325

6126

12519593714

481

5606315

Capital.

$50, 000450, (,00260, 000

1, 850, 0002, 8d9, 4442, 876, 600

8, 296, 044

7,661,04621, 030, 532

550, 0001,219,1753, 877, 327

760, -J712. 794, 971

Wti, (5864W, 793

1, 707, 780

40, 604, 581

2,244, 5391,150, 314

566, 026415,000

2, 845, 433

717, 500614, 590

7,5002,213,7001, 785, 590

256, 9735, 756, 8695,109, 8771, 653, 144

25, 337, 055

1, 257, 3l»03'JO, 0H>

1,118, 3331,731,445

754,1865, 466, 5881,007,129

823,149976, 762473. 231

2, 740, 6742,554, 1154, 483, 0205, 736, 6751,404,849

Deposits.

$26, 0992,989, 1232,310, 348

11,803,4039, 005, 5825? 503, 4.32

31,637,987

31,456,89114.'}, 742, 5G4

1, 7(59,7714, 172,032

14. 84I,4.'{()37,026, 1747,030,9471,061,025

447, 0J72, 469, 845

244, 017, 706

7, 664. 8154, 035, 793

936.7111, 959, 1693,176,132

1, 906, 6951,175,791

3,6674, 628, 9343,283,417

493, 8016,721,7157,331,6862, 620, 008

45, 938, 3o7

4,346, 1891, 093, 7276, 330, 4054, 286, 9903, 235, 214

15, 302, 8034.. 029, 0147. 417, 2955,964,n349, 588, 7269,393, 1507,779,219

16, 502, 64828.751.X422. 967. 604

7oO,328 ! 1,521,620615,754 | 2,433,417

32,14.1,538 130,943,897

77, 3007, 835, 5908, 530, 333

90, 30025, 00052, 254

2 143 682

262, 38216.832,31119,019.692

823, 557149, 96581, 645

296, 891

82 16,754,459

1,061 123, 135, 677

37. 466,443

490, 064, 370


$175, 2337,015

555, 249800, 000

42

Private

Banks.

9

13

617

13

1, 537, 539 94

1,788,0976,649,176

351,000405, 075424,18942, 900

618, 348

240, 62538, 202

10, 507, 612

119,74136, 291

59,666

31, 500

202, 925

117,03822, 250

445, 7406,229

1, 040,714

132, 58726, 25J

405, 369212,266100, 548

1, 354, 82548, 376

190, 50025, 256

1,070303, 79625, 533

532, 122368, 7ti0

30. 58750, 55610, 000

3,818,404

1,290,6523, 902, 369

5,193,021

22, 097, 290

1<6506

34

18944

813

358

967

17359

299

22114

11123

162235

289

21511

511733722

1529

874

321116839

16114947

1,845

72710171079101713

9135

217

ir412~

Capital.

$83, 343

68, 3335, 439, 589

406, 539217, 833

6,215, Gtf

1,742,88951, 75s, 575

91,00016,026

4, 248, 4632, 206, 728

755, 3125.000

39, 0251,126,738

428, 450

62, 418, 206

381,99140, 00058, 333

177, 297652, 177153, 874514,500423,615158, 53685, 667

2,881,555118,568395, 386181,000111,591

6, 334, 090

4,135.845673,096

52, 0002, 910,1303, 654, 2391, 473, 4081,424,515

205, 708764, 904160,000

4, 200, 5841, COO, 7811,195,067

220,4121,323,4121, 044. 974

774,735

Deposits.

$256, 080

20, 097572, 673

3,621.863577, 740

1, 519, 857

6,568,310

15, 556, 55555, 565, 884

17, f>921, 119

24. 174,2916, T.iS, 5222, 922, 571

8,51936, 149

3, 057, 7094, 611, 745

112,690,656

2, 934, 8031,158, 647

83, 72858,122

1,117,969962, 202

1,530,913949, 095

55, 907692

8, 251, 624249, 633

2, 244, 248732, 766344, 952

20, 675, 301

22, 482, 6482, 600, 8551,359,130

12,151,43224, 591, 57910, 660, 5257, 064, 7201,192,9474,405,4672, 4*3, 026

14, 580,1244, 770, 3076, 05-.\ 073

18,7295, 595, 7083. 369,1342, 423, 305

25,213,810 125,751,709

191, 434364, 260

I,5n9, 162868, 709105, 248567.10439, 947

525, 72725, 417

216.103466, 414214, 965

5, 094, 490

105, 276, 233

724.6831,701,2528.910.7822, 752, 552

679, 9881,299,323

184,4711, 540, 824

920, 0002, 274, 6751,221,6541,061,398

23, 271, 602

288, 957, 578Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


average amount of their capital, deposits, and investments in United States bonds, for the sixNovtmber'3\), 1CJ82.

bankers .


$10, 137

60, CH3878, 590

7. 48(57, 052

963, 958

446.8217, 926, 545

61218, 10773,91454, 878

324]037

9, 227, 728

20, 00014, 325

6 000

16, 6752, 500

28,167

19, 500

107, 167

557, 442143, 083

11,525516,305€40,121153, 249131 803

Banks.

576516

154143383

422

89237

30

4

6102

179

3

131

1

9

i18

•5,933 1 1

92,435 13 614

Savings banks.

Capital

$100, 000

Deposits.

$29, 009, '229i<8. 472. 971

9. 9i9, 2181G6, 502, 943

65, 912 SMI4'2. 983. 717

j 8 4 , 3 4 0 , 2 6 4

100,0*0 437,141,273

'. 164.154.094! 21(5,9(54, 102: 15 914 00

57, 500

"525,006'

30,13520, 396

3(i9

633, 400

25, G54. 735767, 743

29. 7(57, 05211,397, 8 51 (i79 80!)

358, 07025, 132,4(51

533, 743

492, 323, 664

399 806 1-148 941

30, 00030, 0002,000

100, 000

561, 866

235, 000

42, 5008, 500

55 000150, 000

210,551 4 ! 48,33314. 997 | 4

121.165 j 1 10,000

36, (i8535,512

2,710,262

105, 0007. 9(57

149, 637270, 000

45 549,333

3 428.7488 1,746,873

56; 124

588, 728

13,597,143"

1

12

3, 200

2,178,821

667 4,023,420

5, 2351, 947, 620

69, 603

117, 973

3, 289, 372

1, 702, 76585, 253

11,754,4442,102,9771, 63(5. 303

142, 087434. 622

3, 374, 995

394,8141,110, 140

34, 288

22, 772, 688

2,214, 16945, 909, 257

26. 664

48, 210, 090

1,003,737,087


$5, 339, 575521, 145467. 798

11,694.4346, 122 5l>:<4, 341, 25 55, 787, 491

3J. 274, 199

'^. 824, 57287, -280. 284::, 889,15:58,591. !4(i

99, 0336. 367, 9173,026,942

10, 97611,010,351

31,585

179, 131,959

166, Oil

1,606,872101,558

78, 03338, 600

152, 044

2, 143,118

55, 00014,3:5,007

Banks.

6(5(5623

] 007953

Capital.

$83, 343i 150, 000i 450, 000

328, 3337, '289, 5893. 215. 98:5

109 ; 3.094,433

55(3 14.6U.6cJl

308 . 9. 4o3, 935562 : 72,789, 107

12 ! <U1 TOO44

256ti4297

125210

1, 356

7521161453102^285

1613722751629

546

247~149

15935535

17315

1199

38614620928

22018661

2,371

12902420118410171311135

14.380,007 1 311

229, 929, 283 5, 140

1,292,7018, 125. 7902, 9*56, 9994, 075,2f8.{

571, (586505, 953

2, 854, 914428,819

103, 656,187

3. 02(5, 3961, 15)0,314

624, 359622, 297

3,527,610155, 874

1, 232, 0001, 038, 205

166,0362, 399, 3674, 6(57,145

375,5416, 152, 2555, 290, 8771, 764, 735

32, 233, 011

5, 62* 145973. 096

1, 170,3334,641,5754, 450, 9256, 948, 49(52, 486, 6441, 178,8571, 741, 666

633, 2316,989,5913, 554, 8965, 688, 0875, 957, 0872, 728, 2611, 745, 3021,390,489

57,906,681

*263, 7348, 628, 599

11,786,308959 (iO9

Total.

Deposits.Invested

; in U S.; bonds.

$20,265,309 i $5,349,71238,499,070 521,14512, 928, 438 643, 031

169,3f5, !;64 11,762, 14281,338. 197 l 7,556,34252, 567, 039 1 5, 148, 73991.363,533 • 5,794.585

475, 347, 570 36, 775, 696

211,1(57,540 61.009,490416, 272, 550 101, 8fMi, 005

17 701 383 4 240 15.'{29, 827, 88639, 783, 46473, 531, 74821,351,353

2, 749, 353841,246

30, 660, 0155, 145,4^8

8, 99(5, 282741,329

6, 484, 7313, 700, 168

251, 60111,231,918

355, 622

849,032,026 198,867,299

11,748 559 139 7415,194,4401,020,4392, 022, 5266, 241, 7211,031,8053, 437, 6U82,124, 889

59, 5744, 747, 599

11, 535, 041743, 434

8, 965, 9638, 064, 4522, 964, 960

69, 903, 010

28,531,6023, 779, 835

19, 443, 97918,541,39929, 463, 09626, 105,41511 5^8 356

50, 616

59,000*6,000

31, 500

"202,925"16, 675

119, 53850, 417

445, 74025, 729

1,147, 881

856, 040169,336

2, 023, 766830, 129818, 702

1, 546, 674180 179

11,985,237 ! 348,47710,369,501 ! 117,69512,021,752 i 4,68424,3(58,088 ! 514,34713, 659, 6<56 ' 40, 5302> 589 009 ' 653 9X728 770 571 404 5988,563,312 ! 67/2724, 890, 754 86, 0684,856,722 j 10,000

279, 468, 294

987 0o520. 747. 73273,899.731

3 576 100130 248 »i}9 953619,35839, 947

525, 727•25,417

359. 785466,414218,165

24, 027, 770

232, 435, 330

1, 380, 9(58184,471

1, 540, 824920, 000

2,571,5661,221,6541, 088, 062

108, 948,135

17782,699,035"

8,671,784

105 0001,353,619

18,377,013270, 000

56,124

20,161,756

26576247416"

12345

7

89

101112131415161718

192021222324252627282930313233

3435363738394041424344454647484950

515253545556575859606162



Number of State banks, savings banks, trust companies, and private bankers, with their averagecapital and deposits, and the tax thereon, for the six months ending November 30, 1882.

States and Territories. j Backs.! Capital, j Deposits.



New England State:New York

New York CityAlbany


Philadelphia...Pittsburgh

DelawareMaryland

BaltimoreWashington ...

Middle States 1,356Virginia"West Virginia ..North Carolina .South Carolina..GeorgiaFloridaAlabamaMississippiLouisiana ..

New Orleans..TexasArkansasKentucky

LouisvilleTennessee

75211G1453102928

516

137

751629

83, 343150, 000450, 000328, 333

7, 2*9, 5893, 215, 9833, 094, 433

14,611,681

9, 403, 93572,789, 107

641, 0001, 292, 7028, 125,7902, 966, 9994, 075, 283

571, 686505, 053

2, 854, 9L3428, 819

$29, 265, 30938, 499, 07112, 928, 438

169, 385, 96481, 338,19652, 567, 03991, 363, 553

Tax.

I On capital. On deposits. Total,

103,656,187 ! 849,032,1)26

11, 748, 5595, 194,4401, 020, 4392, 022, 5266,241,7201,031,8063, 437, 6082,124, 889

59, 5744, 747, 599

11, 535, 041743, 434

8, 965, 9638, 064, 4522, 964, 960

3, 026, 3961,190,314

624, 359622, 297

3, 527, 610155,874

1, 232, 0001,038,205

166, 0362, 399, 3674, 667,145

375,5416, 152, 2555, 290, 8771, 764, 735

Southern States .Ohio

Cincinnati ..Cleveland...

IndianaIllinois

ChicagoMichigan

DetroitWisconsin

Milwaukee .IowaMinnesota —Missouri

St. Louis...KansasNebraskaColorado

Western States .NevadaCalifornia

San Francisco .OregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming

546 ! 32,233,011

247149

15935535

17315

1199

38614620928

22018661

5, 628,145973, 096

1,170, 3334, 641, 5754,450, 9256, 948, 4962, 486, 6441, 178, 8571,741,666

633, 2316, 989, 5913, 554, 8965, 688, 0875, 957, 0*72, 728, 2611, 745, 3021, 390, 489

18,047 50145, 533 41

725 002,075 19

18,708 717, 125 468,437 79, 429 21663 32

6,583 39261 95

209, 590 93

7.2HT602,849 241,560 891,408 248,803 92389 66

3,080 002, 516 73415 09

5,491 1011, 626 13

(.40 0015,254 5512,112 864, 347 49

$967 202, 082 708, 269 178, 077 2953, 219 0437, 688 8531, 865 74

111,894 53 I 142,169 99

$784 181,707 707, 582 267,425 7438, 579 6431,667 6224,147 39

118,701 18 |498,409 93

4, 472 2310, 587 4598, 214 02

109,411 9227,216 302,712 251, 324 79

14, 048 1111,527 37

896, 627 34

136, 748 68643, 943 345, 197 23.

12, 662 64116, 922 73116, 537 1735, 654 094,141 461,988 11

20, 631 5011,791 32

1,106, 218 27

26,981 1112,986 072, 551 075, 048 83

13, 611 082, 4L7 908,593 975, 312 13148 93

11,574 1428, 837 541, 858 53

22,414 7520, i61 127, 412 34

34,197 7115, 835 314, 111 966, 457 0722,415 002, 807 5&11,673 977, 828 86564 02

17, 065 2440, 463 672, 498 5$37, 669 3032, 273 9811, 759 83

69, 903. 010

28, 531, 6033, 779, 835

19, 443, 97918, 541, 39929, 463, 09626, 105, 41511, 528, 35611,985,237 I10,369,50112,021,75224,368,08813, 659, 66622, 589, 00928, 770, 5718,563,3124, 890, 7534, 856, 722

77, 712 50 ! 169, 909 51 j 247, 622 01

2,371 57,906,681

Pacific States and Ter-ritories

12 ,90 !24 !20 :

11 i84 |io ;17 !13 ;n i136 !

279, 468, 294

268, 7348, 628, 598

11, 786, 3691)59,009 j130,248619,358 j

39,947 !525,726 ;

25,417359, 785 (

466,414 '•218,165 '*

987, 0ti520, 747, 73273, 899, 731

3,576,110829, 953

1, 3*0, 968184, 471

1, 540, 8249:0,000

2, 571, 5661,221,6541, 088, 061

12,207 162, 009 401, 883 609, 782 439, 269 34

13,593 555,766 032, 356 054, 059 861,571 36

16,187 898, 785 90

12, 586 9313,881 21

6, 652 444, 148 053,451 23

128, 192 43

409 3318,187 4216, 972 22

1, 722 52325 61

1,548 3699 86

1, 314 3163 55

759 141, 166 02

545 41

Grand totals..

311 | 24,027,770 | 108,948,135 j 43,113 75

5,140 232,435,330 |1, 782, 699, 035 488,885 07

67,261 329,241 37

19, 223 8441,338 1369, 999 6364, 910 2627, 826 7523, 192 3125, 923 6130, 054 37 i60, 036 2831, 724 6256,472 2571,926 4221, 4u8 0912, 226 69 !12, 141 74

79, 468 4»11, 250 7721,107 4451,120 5679, 268 9778, 503 8133, 592 7825, 548 3629, 983 4731, 625 7a76,224 1740, 510 5269, 059 1885, 807 6328, 060 5316, 374 7415, 592 97

644, 907 68 I 773, loO 11

2, 467 64 I 2, 876 9748, 039 28 I 66, 226 7086, 126 64 | 10i, 098 868, 940 26 I 10, 662 782, 074 86 j 2, 400 473, 452 30 5, 000 66461 17 ! 561 03

3, 852 03 ! 5, 166 342, 299 99 | 2, 363 546, 428 92 I 7, 188 063, 054 10 4, 220 122, 684 13 | 3, 229 54

169, 881 32 I 212, 995 07

1, 993, 220 38 2, 482, 105 45


REPOET OF THE COMPTEOLLEK OF THE CURRENCY. 169

Table, by geographical divisions, of the number, average capital and deposits, of State banks,private bankers, and trust and loan companies, and of savings banks with and withoutcapital—

FOR SIX MONTHS ENDING NOVEMBER 30, 1875.

St


ate banks, private i c,ivil)fl.s uT l k c w i t h [Savingsbanks!bsmkera, and trust : h ' t u l l ^ 5 r " W l t t l j withoutcap-companies.

No. Capital.

capital.

<* JNo .

\Miirns. MilVns. \JIilVns. MilVns. \New England States 126 11.6; 24.0 2\ 0.3 5.2Middle States 1,270 90.8 232.4 ; 3 0 .2 ! 0.8Southern States .. j 517 30. 0 I 42. 6 3 ! 0. 4 j 0. 5Western States and

Territories 1, 853 70. 9 ! 188. 0 i 19

United States .. 3, 766

4 .1

209.3 ! 487.0 I 27 j 5. 0 |

32.6 !j

39.1 I

ital.

^ u > | i t s .

i "\MilVns.

436 413.9218 ! 382.8

3 1.9

38

Total.

No. [capital,

5641,491

523

47.0 |l,910

845.6 4,488 j

MilVns.11.991. 036. 4

75.0

Mill'ns.443.1616.045. 0

267.6

214.3 1, 371. 7

FOR SIX MONTHS ENDING MAY 31, 1876.

New England StatesMiddle StatesSouthern StatesWestern States and

Territories

United States ..

1,

I,

3,

135256516

896

803

11.789.235.7

77.4

214. 0

23.6223.444.9

188.1

480.0

133

19

26

0.20.30.4

4.1

5.0

4.41.20.6

31.0

37.2

436212

4

39

691

415.1382.5

2.0

45.0

844.0

5721,471

523 ;

1,954 ]

4,520 ;

11.989.536.1

81.5

219.0

443.1607.147.5-

264.1

1, 361. 8

FOR SIX MONTHS E N D I N G NOVEMBER 30, 1876.

New England StatesMiddle StatesSouthern StatesW estern States and

Territories

United States ..

131 I 1 1 . 3 41,213 I 88.34

505 ! 35.40

1, 915 82.14

3,764 | 217.22

22.76226.40 I42,40 |

192. 49

484. 05

1 \2 i4 :

17 |

24

0.200.160.48

4.21

5.05

4.150 770.64

32.38

37.94

438211

3

35

687

422. 99385. 82

2.04

44.68

855. 53

570 11.541, 426 88. 50

512 35.88

1,967 | 86.35

4,475 i 222.27

449. 9(>612. 99

45.08

269. 55-

1, 377. 52:

FOR SIX MONTHS ENDING MAY 31, 1877.

New England StatesMiddle StatesSouthern States -.Western States and

Territories

1171, 202

517

1,963

United States ..

11.0784.8734.58

88.11

3, 799 I 218. 63

19.99 1215.87 ; 2 i46.17 ; 3

188.51 i 20

0.20 !0.160.42

4.09

3.940.88 !0.52

32.83

439200

4

33

470. 54 i 26 4. 87 38.17 j 676

428. 69368.81

2.12

43.54

843. 16

557 !1,404 |

524

2,016

11.2785.0335.00

92.20

4,501 i 223.50

452. 62585. 5648.81

264. 8&

1, 351. 87

FOR SIX MONTHS ENDING MA Y 31, 1878.

New England States'Middle StatesSouthern States"Western States and

Territories .

United States ..

113 ! 11.05 I 18.29 ! 1 0.07 I 1.14 |1,133 ! 76. 93 j 184. 02 ! 3 i 0. 16 I 1. 37 i

513 I 34.68 | 44.35 ! 4 j 0.88 j 1.28 ;

1, 950 | 79. 49 | 166. 65 j 15 j 2. 13 | 22. 39 j

441190

3

34

403. 43358. G*

2.14

555 i 11.121,326 I 77.09

520 ! 35.56

81. 62

3, 709 ! 202.15 I 413. 31 | 23 i 3. 24 j 26.18 j 668 j 803. 30 !4, 400 ! 205. 39

422. 86544. 0747.77

228. 09

1, 242. 79-



Table, by geographical divisions, of the number, average capital and deposits of Stat$banks and trust companies, private bankers, and savings banks with and without capital,for the six months ending May 31, 1878 the private bankers being given separately.

Oeographical divis-ions.

NewEngiand StatesMiddle States-Southern StatesWestern States and

Territories

United States . .


No. [capital. DfP°»-

42217233

361

853

MilVns8.19

42. 4527. 38

46.33

124.35

MilVns.

122.1030.67

61.65 1,589

Private bankers.

71916280

229.48 2,856


No. Capital. D£P8°S-|No. Capital.! Depos-

MUVns.2.86

34.487.30

33.16

77.80

MUVns.l3.23 I 1

61.92 j 313.68 4

105. 00

183. 83

15

MilVns.0.070.16O.feS

MilVns.1.141.371.28

2.13 : 22.39

3. 24 26.18


No.

441190

3

34

668

Depos-it*

MilVns.403. 43358. 68

2.14

39.05

803.30

Table, by geographical divisions, of the number, average capital and deposits of StaUbanks, private bankers, savings banks, and trust and loan companies, for the six monthiending May 31, 1878, and of the number, capital, and deposits of the national bank$ onJune 29, 1878.


New England States.Middle StatesSouthern States . .Western States and

Territories

United States..

State banks, s a v i n g sbanks, private bankers,and trust companies.

No.

5551,326

520

1,909

4,400

Capital.

Millions.11.1277.0935.55

81.62

205. 38

Deposits.

Millions.422.86544. 0747.77

228. 09

National banks.

No.

542634176

704

1,242.79 -2,056

Capital.

Millions.166.52177.1831.49

95.20

470. 39

Deposits.

Millions.128. 83374. 8935.94

137. 50

677.16

Total.

No.

1,0971.960

696

2,703

6,456

Capital.

Millions.177.64254.2767.04

176. 82

675. 77

Deposit*.

Million*.551.69918.9683.71

365.99

1,919.8*

Table, by geographical divisions, of the number, average capital and deposits of 8tat§banks and trust companies, private bankers, and savings banks with and without capital,for the six months ending May 31, 1879, the private bankers being given separately.


New England States..Middle StatesSouthern StatesWestern States and

Territories

United States..


No.

40239251

475

1,005

Capital.

MilVns.7.10

40. 7227.43

52.02

127. 27

Depos-its.

MilVns.14. 39

124. 6432.60

85.44

257. 07

Private bankers.

No.

70853237

1,474

2,634

Capital

MilVns.3.72

34. 545.64

25.85

69.75

Depos-its.

MilVns.3. :>2

54. 5311.89

70.18

139. 92


No.

"i'3

2029

Capital.

MilVns.

"0.510.86

2.85

4.22

Depos-its.

MilVns.

' *2. 440.83

32.80

36.07


No.

426182

3

33

644

Depot-its.

MilVn§.3('>6.46350.95

1.69

27.96

747.06



Table, by geographical divisions, of the number, average capital and deposits of State banks,private bankers, savings banks, and trust and loan companies, f>r the six months endingMail 31, 1879, and of the number, capital, and deposits of the national banks on June 14,1879.


New England StatesMiddle StatesSouthern States . . . .Western States and

Territories

United States..

State banks, savingsbanks, private bankers,&c.

No.

5301, 280494

2, 002

4,312

Capital. Deposits.

Millions.10. 8375. 7733. 92

80.72

201. 24

Millions.384 17532. 5047. 02

National banks.

No. Capital. Deposits.

544640170

Millions.104.4:*170.2130. 40

90. 20'

1, 180. 12 2, 048 ! 455. 24! I

216.37 688

Millions.120.7239*. 1237.93

155. 63

Total.

No. Capital. Deposit*.

1.0F01,920

670

2, 690

713.40 6,36,0

Millions.175. 26245.9864.32

170. 92

656. 48

Million*.510. 80925. 0884.95

372. 00

1, 893. 52

Table, by geographical divisions, of the number, average capital and deposits of State banksI and trust companies, pr'nate hankers, and swings banks with and without capital, for th$

»ix months ending May 31, 1880, the private bankers being given separately.


New England States .. .Middle StatesSouthern States .Western States and Ter-

ritories

United States ....


No.

40234241

481

996

Capital.

MiWns.6.86

38.9826.69

41.44

113. 97

Depos-its.

MUVns.16.47

154. 8938.51

108.91

318. 78

Private bankers.

No.

74885252

1,591

2,802

Capital.

MUVns.5. 16

40.014.81

26.14

76.12

Depos-its.

MUVns.3.74

71.5413. 54

93. 85

182. 67

Savings banks withcapiial.

No.

63

20

29

Capital.

MUVns.

' "6. 530.34

3.17

4.04

Depos-its.

MUl'ns.

**3.190.57

30.85

31.61

Savingsbanks with-out capital

No.

422175

2

30

629

Depoi-its.

MiWn*.368,71386.0t

.8t

27.30

783.lt

Talle, by geographical divisions, of the number, average capital and deposits of State banks,private bankers, savings banks, and trust and loan companies, for the six months endinfMay 31, 1880, and of the number, capital, and deposits of the national banks on June 11,1880..


| State banks, s a v i n g sbanks, private bankers,&c.

No. Capital.

New England States. I 536Middle States 1, 3(»0

498Southern StatesWestern States and

Territories

United States..

2,122

4,456

Millions.12.0279. 5131.85

70.76

Deposits.

Millions.388. 97615.62

53.50

261. 00

1,319.09

National banks.

N o .

548654177

697

Capital.

Millions.165. 60170.4430. 79

89. 08

2, 076 455. 91

Net de-posits.

Millions.161.96 1,C84480 06 1,95445.90 675

212.87 2,819

900.79 6,532

Total.

No. Capital. Deposits.

Millions.177. 62249. 05

62. 64

159. 84

650. 05

Million*.550. 93

1, 095. 61

99.40

473.8T

2,219.88



Table, by geographical divisions, of the number, average capital and deposits of State banksand trust companies, private bankers, and savings banks with and without capital, for thesix months ending Mai) 31, 1881, the private bankers being given separately.


New England States ..Middle StatesSouthern StatesWestern States and Ter-

ritories

No.

41218240

479

United States 978

Capital.

MiWns.7.26

39. 28.24. 71

41.94

113.19

MiWns.20. 97

189. 7842.43

132.44

385. 62

Private ban

N o .

80938258

1,762

3,038

Capital.

MiWns.4.70

55.405.59

27.64

93.33

MiWns.5.16

94.1117.32

125. 26

241. 85

a..

N o .

176

22

36

Capital.

MilVns.0.020.610.44

3.15

4.22

Brs-MilVns.

0.194.680.84

31.90

37.61

Savings

No.

424174

3

28

629

Depos-its.

MilVns.402.86428.40

1.24

29.86

862. 36

Table, by geographical divisions, of the number, average capital and deposits of Statebanks,private bankers, savings banks, and trust and loan companies, for the six months endingMay 31, 1881, and of the number, capital, and deposits of the national banks on June30, 1881.

Geographicaltdivis-ions.

New England States.Middle StatesSouthern StatesWestern States and

Territories -

United States ...

State banks, savingshanks, private hank-ers, &c.

No.

5461,337

507

2,291

4,681

Capital.

Millions.12.095.330.7

72.7

210.7

Deposits.

Millions.429.2717.061.8

319.4

1, 527. 4

National banks.

N o .

552664184

715

2,115

Capital.

Millions.165. 9171.731.1

91.5

460.2

Net de-posits.

Millions.208. 6599.759.5

272.1

1,139. 9

Total.

No.

1,0982,001

691

3,006

Capital.

Millions.177.9267.061.8

164.2

6,796 s 670.9

Deposits.

MUlions.637.8

1,316.7121.3

591.5

2, 667. 3

Table, by geographical divisions, of the number, average capital and deposits of State banksand trust companies, private bankers, and savings banks with and without capital, for thesix 7)ionths ending May 31, 1882, the private bankers being given separately.

G-eographical divis-ions.

New England StatesMiddle StatesSouthern States. .Western States and

Territories

United States ...

State hanks and trusticompanies.

No.

40205246

521

1,012

Capital.

MilVns.8.32

40.5625.37

42.54

116.79

Depos-its.

MilVns.24.96

225. 5148.47

153. 06

452. 00

Private hankers.

No. 'Capital.

MilVns.104 | 7.13

1,014 I 62.19293 ! 6.37

1,980 | 38.56

3,391 j 114.25

MilVns.9.42

113. 08

19.98

153.14

295. 62

avings hanks withcapital.

No. Capital.

MilVm. MilVns.0.09 ! 0.770.61 I 5.070.53 j 1.23

2.63

3.86

34.17

41 24

Savingshanks with-out capital.

No.

418173

2

29

622

Depos-its.

MiWns.421. 35473. 26

1.15

34.07

929. 83



Table, by geographical divisions, of the number, art rage capital and deposits of State banks,private banks, savings banks, and trust and loan companies, for the six months endingMail 31, 188*2, and of the number, capital, and deposits of the national banks on July1, 1882.

State banks, savingsbanks, private bank-

Geographical divis- e r s i &c-ions. i

National banks. Total.

; No. Capital. | Deposits. No. I Capital, Net de- No. Capital.

New En gland S t a t e s ! 564Middle States .1,400 !Southern States ; 547 iWestern States and ! i

T e r r i t o r i e s . . . . 2,552

j Millions.! 15.5

103.432.3

83.7

Millions.456.5816.9 |70.8

374.5

United States . . . 5, 063 j 234. 9 j 1, 718. 7

Millions. Millions, i557 165.7 191.4 1,121686 173. 3 I 572. 8 |2, 086200 32. 9 62 0 ! 747

796

2, 239

32.9

105. 3 305.5 3,348

181.2276.765.2

189.0

Deposits.

Millions.647.9

1, 389.7132.8

680.0

477.2 1,131. 7 7, 302 ! 712.1 :, 850.4

Table, by geographical divisions, of the number, average capital and dtp sits of State banksand trust companies, private bankers, and savings banks with and witho f capital, for thesix months ending November 30, 1882, the private bankers being given separately.

Geographical divis- \ions.

State banks and trustcompanies. Private bankers. j S a v i n ^ b ^ k s w i t h !

capital

No. Capital. No. |Capital.| | No. Capital.

New England States . I 40Middle States I 210Southern States 1 248Western States and I

Territories j 563

MilVns. MilVns.8.30 I 31.64

40.6025.34

244. 0245.94

48.90 j 168.40

United States . . | 1 , 061 j 123.14 i 490. 00

94967289

2, 062

3,412

MUVns.l MilVns \6.57

112. 6920.68

6.22152. 42

6. 33

;$o. 31

Inf.. 28

149. 02

7 iI

25

MilVns.o-io0.630.56

2.73

| out capital.

Depos- -jo-0 Depos-

288. 96 i 42 4.02

MilVns.0.89 4205.34 1711.50 j 2

(35.74 I 32

43.47 625

MxlVns.436. 25486. 98

1.80

35.23

960. 26

Table, by geographical divisions, of the number, average capital and deposits of State banks,private bankers, savings banks, and trust and loan companies, for the six months endingNovember 30, 1882, and of the number, capital, and deposits of the national banks on De-cember 30, 1882.


•' State banks, savingsi banks, pr ivate bank-

No. j Capital, j Deposits.

New England States-! 556Middle, States .. ! 1,356Southern States . . : 546Western States and !

Territories ,2, 682

| Millions, j Millions.! 14. 62 j 475.35I 103.66 849.03

32. 23 ; 69. 90|

81. 93 I 588. 42

National banks.

No. ; Capital.

560691214

843

i Millions.166. 23173. 19

34. 80

110. 66

Deposits. | No.

Millions. \19X. 15 1,116556.55 |2, 047

68. 84 760

301.28 [3,525

Total.

United States .'5,140 232.44 i 1,782.70 2,308 ! 484.88 | 1,119.82 17,448

Capital.

180. 85276. 8567.03

717. 32

Deposits.

Millions. \ Millions.668. 50

1, 405. 58138. 74

9.70

2, 902. 52



Table of resources and liabilities of State banks at various dates.

Resources and liabilities.

New Hamp-shire. Jan .

1,1885.

RESOURCES.

Loan8 and discountsOverdraftsUnited States bondsOther stocks, bonds, &o ...Due from banksReal estateOther assetsExpensesCash itemsSpeciel b l t d e r s , banknotes, &c

Total.

LIABILITIES.


Total.

1 bank.

$82, 009

12, 400

"" 1,854

469

96, 732

50. 0001,130

17, 673

1,15517,9618,813

96,732

Vermont,J u n e 30,

1885.

8 banks.

Khode Isl-and, Nov.

18,1884.

10 banks.

$1, 804, 989

75, 5228."»2,178261, (J8G

5, lf)068, 513

39, 756

3,107, 234

455,000

5, 000115, 520

2*480, 946

50, 768

3,107,2:J4

$2, 601, 005

182, 327162, :«8219,5 H

3, 8 543,3*7

13,928

Connecti-cut, Oct.1, 1884.

6 banks .

$3, 515, 980

298, 8726K5, 991142, 954

132,2(34 304,934

New York,Sept, 12,

1885.

64 banks .

$32,140,27469, 859

2, 910, 9428, 697, 169

685, 98791,958

177, 035717,353807, 984

1, 763, 267

New YorkCity, Sept.

12, 1885.

28 banks .

$68,736,63422,418-

2,103, 2884, 890, 9082, 243, 427

681, 561212,048

21,735,09412,819,2176, 210,47ft

3,318,587 4,948,731 48,061,828 | 119,605,671

1, 785, 8315,4(6

185, 5446, 642

1,172. 3(56162,788

3,318,587

1, 850, 00019, 356

399, 322

2, 284, 665395, 388

4, 948, 731

8,163, 0005,470

2, 381, 5841,761,879

31,278, 7232, 898, 0321, 573, 060

48, 061, 748

14,187, 7002,605

4,512,639-2, 949, 673

85, 495, 29511,510,231

947, 608

119, 605, 751


New Jer-sey, Jan. 1,

1885.

Pennsylva-nia, Nov. 1,

1884.

Maryland,Oct. 1,1885.

Virginia,July 1,

1885.

South Caro-lina, Sept.30, 1884.

9 banks. 81 banks. 10 banks. 52 banks.

RESOUUCE8.

JLoans and discountsO verdi aftsUnited States bondsOther stocks, bonds, &cDue from banksReal estateOther assetsExpensesCash i t emsSpecieLegal tenders, banknotes , <fcc

$3, 852, 274220

281,000280.210401,481120, 02 L

$23,737, 720 $4,

32, 80011,043

3, 9474,875

270, 901

1,09:?, 1004, 083. 3463, 958, (Ki42, 039, 4371, 327, 4«i7

181,041

410,1451, 078

5n, 0004 : U 7 '

8:*8, 7o41, 8-"»5. 307

430, 81-031,3V I21,977

182, 4. ,14Ii. M4

291, 7;<1

$8, 042, 406104, 54L

11,0061,146,0651,241.734

387, 65898, ^7079,1)93

320, 98934H, 235586, 800

Georgia,June 30,

1885.

5 banks. 21 banks.

$1,710,779

50," 666"92H, 975123, 796103, 741

1, 24611,470

$7, 621, 5985,914

237, 739

6, 334, 586444, 043348, 422260, 83462. 99070, 035305,811721, 382

Total . 5, 327, 832 39,714,830 6, 2U4. 3K5 j 12,163,357 3,167,746 10,181,615

LIABILITIES.


1,299, 350 8, 050, 205

366, 600154, 801

l

1,521,844,

3,400, 80052. 04!)30, 0U0

28,161,540,596,

2, 006, 8(o2:3

242,1(0180,4(832, 74 5

3,651,15 6149,8(0

30, 9f 8

2, 881, 439

556, 011234,37141,185

7, 846, 492208, 818395. 041

Total . 5, 327, 832 39,714,836 6, 294, 3b5 1 12,163, 357

500, 000 7, 921, 950

46, 000122, 231

2002, 341, 354

59, 70698, 255

1, 274, 8flO28, 954

5,271,547610, 628

1, 073, 646

3,167,746 16,181, 615


I I C E T OF rJEi: COMPTROLLER OF THE CURRENCY. 1 7 5

Table of resources and liabilities of State banks at various dates—Continued.


RESOURCES.

Loans and discountsOverdrafts . .United States bondsOther stocks, bonds, &cDue from banks . . .Real estateOther assetsExpensesCash items -SpecieLegal tenders, bank notes, &c.

Total.

LIABILITIES.

Capital stockCirculation6urplusfundUndivided profits .Dividends unpaid.DepositsDue to banksOther liabilities . . -

Total.

Florida,Apr. 30,1885.

1 bank-.

$70, 765

12, 5001, 2866, 5833,882

7,13315, 754

117, 853

50,000

3,386225

5, 00048, 5685,6745,000

117, 853


RESOURCES.

Loans and discountsOverdraftsUnited States bondsOther htoeks, bonds, &cDuo from banksReal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c.

Total.

LIABILITIES.

Capital stockCirculation6urphiH fundUndivided profits .Dividends unpaid .DepositsDue to banksOther liabilities . . .

Total.

Ohio,Apr . 4, 1885.

38 banks.

$6, 934, 28530, 279

155,310G97, 1<J3848, 093445, HMD

98, 74248, 18841,851

138, 479889, 837

Louisiana,July, J8H").

4 banks.

$4, 036, 049 i

998, 2925o5, 434567,127238, 110

3,4i4418,717

2, 353, 865

9,121, 008

2, 582, 2008,617

200, 000144, 548

20, 2975, 81(), 536

348, 810

9,121, 008

Indiana,Nov. 1, 1884.

27 banks,

$2, 980, 30855, 51)826, o:>oTA, 1)0

443, irifl172, 8*842, 1«»424, 9 '3

431,679 |

Texas,J u n e 30,1884.

6 banks.

$1, 728, 99819, 868

3,680408, 70171,01012, 68334, 9092,086

16, 804398,482

2, 697, 221

643, 971

* 142,'889139, 554

1, 500, 763260, 044

10, 000

2, 697, 221

Kentucky. Missouri,J u n e 30, 1885. Aug. 31,1885.

69 banks.

$21, 538, 35736,1555, 905

1, 282, 9203,251,720

777, 919444, 249

14, 89017, 034

106, 3232,318,943

29, 794, 475

187 banks.

$43,041, 286506, 650996, 053

4, 368, 01710, 722, 8151, 689, 607

236, 015

72, 544, 885

11, 369, 39155, 302

1, 537, 794906, 740260, 243

14, 548, 675943,917172. 413

29, 794, 475

Michigan,Ju ly 6, 1885.

44 banks.

$16, 752, 75543, 870

241, 0001, 192, 2253, 095, 640

393 00294, KH453,681

137, 2(54117,490

1,187. 856

"Wisconsin.Ju ly 6,1885.

50 banks .

$15,404, 522106, 202

1, 782, 2664,271,498

402, 405

18. 050382, 78338:<, 46-I

1,418,770

10,328,046

2, 537, 000

344, 904157,190

1, 1276, 880, 201

215,160192, 464

10,328, 046

4,201,6)9- 23,310,077! 24,109,958

1,449, 200

261, 94489,2792,611

2, 360, 9f A3, 5:1.3

34, O i l

4,201,6(9

3, 494,170

502. 542628, 641

30, 00318,357, 108

119,912177, 701

23, 310, 077

2,462, 200

782,175

16, 020, 614

"4," 898,'969

14,169, 958

13, 011, 423

" 6,419," 827

32, 95646, 859, 759

6, 220, 920

72, 544, 885

Iowa,Apr. 24,1885.

82 banks.

$12,719,492205,115

2,417,901722, 233

992, 902

17, 057, 641

4, 366, 043

571,154425, 281

11, 524, 620170, 543

17, 057, 641



Resources and liabilities of State hanks at v irious dates—Continued.


Minnesota,June 30,

1885.

Ktinsii.s.him- 30

1885.

Colorado, j Montana, California,J : ly 1, i October 1, July 1,

1885. 1884. ! 1885.

34 banks. I 54 banks.

RESOURCES.

Logins and discounts - I $9, 814, 476OverdraftsUnited States bonds —Other stocks, bonds, &cDue from banksHeal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c

86, 7073,100

263, 8492, 048, 226450, 9682,707

122, 734148, 631

930, 974

Total I 13, 872, 372

LIABILITIES.

Capital stock j 3, 854, 500CirculationSurplus fundUndivided profits .Dividends unpaid .DepositsDue to banksOther liabilities . . .

$4,184, 20037, 357

80034, 862

907, 187248, 407128,41938,154

4036, 230

1,150, 647

8 banks. 3 banks.

$928, 3756,912

19, 064371, 589

14, 000103, 773

4,409

6, 736, 672

260, 722

1, 708, 844

2,149, 22 L 390, 000

427, 434431, 605

13,334 I8,310,120 I

793,509 j41, 870

Total I 13, 872, 372

97, 271307, 733

1, 327, 035, 424

47, 85497, 837

78, 30165, 703

9451,160,451

9,4444,000

6,736,672 1,708,844

$181, 24510, 357

73 banks .

$49, 309, 588

48, 73143, 7378,076

4786,017

4933,792

25, 271

328,197

75, 000

54, 762

179, 3449,4179,674

1, 753,158.8, 404,4243,164, 5131, 830, 741

11,122, 925

75, 585, 349

27, 672, 641

9, 650, 975

33, 286, 7884, 205, 321

769, 624

328,197 I 75, 585, 349

Aggregate resources and liabilities of State banks from 1881 to 1885.


RESOURCES.

Loans and discountsOverdraftsUnited States bondsOther stocks, bonds, &cDue from banksReal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c

Total.

LIABILITIES.

Capital stockCirculationSurplus fundUndivided profits . . .Dividends unpaid ..DepositsDue to banksOther liabilities

Total.

1880-'8.1. I 1881-'82. i 1882-'83. j 1883-'84. i 1884-'85.

652 banks. 672 banks . 754 banks. 817 banks. I 975 banks .

$250, 819, 4201,335,310

12, 048, 45224, 904, 90346, 657, 32K13,.914, 23810, 542, 266

9t55, 32716, 900, 32517,071,44523, 797, 046

$272, 520, 2171,196,3698, 739, 172

19, 780, 52749,919. 18313,037,93912, 30(5, 578

999, 94 i18,546,07317, 201,41-924, 586, 6*2

$322, 358, 2271, 392, 9615, 287, 606

22,083,30458, 709, 51613, 592, 791

9, 943, 706918,403

35,118,37917,429,81725, 302, 316

418,950,000 I 438,834,173 512,137,026 521, 077, 7<

j$331, 049, 5101, 262, 7252, 337, 705

31, 452, 01948, 836, 68915,058,411

7, 671. 8761, 025, 237

28, 219, 41425, 376, 56528, 787, 615

$347, 880, 5201, 349, 9982, 994, 806

32, 644, 85959, 062, 40515, 873, 3125,791,1111,130, 883

25, 972, 92229, 867, 72430, 994, 221

553, 562, 761

92, 022, 525 j 91, 808, 213 | 102. 454, 801274,941 j 286,3a ' 187, 978

20,976,167 23,14S, ()"!) 25,762,7387,943,466 8,902,57!) 11,287,623

567, 171 481, 8'8 442,652261, 362, 303 281, 835, 4f 6 334, 995, 702

18, 870, 466 18, 262, 17 2 20, 651, 93016, 039, 021 14, 109, 414 16, 353, 542

418, 936, 060 j 438, 831, II3 j 512,137,026 I 521,077,766 553,562,761

110, 020,177.

31, 483,12,718,

473,325, 365,27,125,13, 712,

351554942894735669108513

125,

30,11,

344,29,11.

258, 24098,129669, 575574, 736493, 926307, 9969.̂ 0, 453209, 706


REFORT OF THE COMPTROLLER OF THE CURRENCY. 177

Resources and liabilities of trust and loan companies at various dates.

Massachusetts, jRhode Island, Connecticut, i !N"ew York, ^Pennsylvania,

Resources and liabilities.October 31,

1884.

6 banks.

November,18,1884.

1 bank.

October 1,1884.

6 banks.

January 1,1885.

18 banks.

September1, 1885.

9 banks.

RESOURCES.

Loans and discountsOverdrafts"United States bonds ...Other sources, bonds. &cDue from banksHeal estateOther assetsExpensesCash itemsSpecie . ....... . . . . .Legal tenders, bank notes, &c

Total . . . .

LIABILITIES.

Capital stock

Surplus fundUndivided profitsDividends unpaidDepositsD\ie to banksOther liabilities

Total

$16,

1,1,3,

24,

3,

19,

24,

676,100

340,200779, 454009,402

56. 250580, 303

72, 329

766, 707

280, 745

300, 000

585 000552,155

633(540, 061

202, 896

280, 745

$4,130,156

800, 0002,295,100

100, 000

258, 241

784, 792

8, 368, 289

800, 000

28, 836

7, 539, 453

8, 368, 289

$2,

3,

2,

3,

117,530

397,123517,707305,782

23,8l5'

116,856 \

478, 813

976,000 !

199,830 i3,449 i

168,519130,415

478,813I

$91,594,7431,136

22. 518, 8509, 780, 935

13. 233, 4745, 026,1088, 058,139

10, 327

5, 714, 960

155, 938, 672

12, 977, 000

6 578 9075, 469, 388

121. 759, 83667 478

9, 086, 003

155, 938, 672

! $27, 024,120134, 783717,350

15, 497, 5886, 598, 4023,371,151

126,971195,581

94 672: 1, 388 065i 1,174, 481

56, 323, 164

8, 375, 000

3 532 0772, 257, 791

15, 16937, 309, 424

. . .j 4, 833, 703! 56, 323,164

Aggregate resources and liabilities of trust and loan companies from 1881 to 1885.

[Resources and liabilities.

RESOURCES.

Loans and discountsOverdraftsUnited States bonds. .Other stocks, bonds, &cDue from banksReal estateOther assetsExpensesCash itemsSpecie —.Legal tenders, bank notes, &c

Total.

LIABILITIES.

Capital stockCirculationSurplus fundUndivided profits .Dividends unpaid ..DepositsDue to banksOther liabilities

Total.

I

1880-'81.

31 banks.

$101. 906, 56072,385

15,631,57317,426,0548, 005, 5017, 482, 5341, 399, 475

171,100437

854. 1833, 594, 271

1881-'82. ! 1882-'83. \ 1883-'84.

i i

32 banks. ! 34 banks. 35 banks.

1884-'85.

$132,054,203176,' 747

16, 934, 81225, 878, 2568, 054, 5356,877,7431, 378, 627193, 401

701, 2712, 736, 230

156,544,079 ! 194,985,825

19,188,800 J 21,553,718

6, 881, 8094, 293, 854

9, 242111, 670, 329

235,19814, 264, 847

8, 356, 3025, 855, 859

95, 561144, 841, 596

147,17914,135, 610

156,544,079 j 194,985,825

$140,022,358100, 675

17, 437, 99030, 322, 4209, 561, 1486, 567, 7564, 246. 338213,18388, 483

825, 4832, 956, 753

$158, 018, 009367, 749

23, 371, 08427, 879, 85816,517,4576,152, 7712, 841, 937209, 84288, 802552,192

3, 871, 990

212,342,587 j 239,871,691

22, 778,175 | 23, 938, 600

8, 812, 7236, 788, 987

22, 359165, 378, 515

267, 0068, 294, 822

212, 342, 587

10,191, 5449,619,067

25, 282188, 745, 922

761,8886, 589, 388

40 banks.

$141, 542, 649135, 919

25, 376, 40029, 750, 20023, 458, 9858, 759, 2919, 023, 654302, 05294, 672

1,388,0658, 557, 796

248, 389, 683

26, 428, 600

10, 695, 9848, 508, 000

19, 251188, 417, 293

197, 89314,122, 662

239,871,691 ! 248,389,683

5745 CUR- -12



Table, by geographical divisions, of the resources and liabilities of State banks and trustcompanies, 1S84~'H5.


NewEnglandStates.

Middle I South era Western : PacificStates. I States. Aggregate.

! 38 banks. ! 219 banks. 158 banks. \ 516 banks. ! 84 banks. jl,015 banks.

RESOURCES. :

Loans and discounts $30, 927,Overdrafts ..United States bonds 2, 215,Other stocks, bonds, &c..Due from banksReal estateOther assetsExpensesCash itemsSpecie i 13,Legal tenders, bank notes, j 2,145,

&o. i

5,814, 73(5,

73],910,

99,

$251,495,910230, 394

24, 605, 300; 35, 688, 082! 38,233,163i 13, 926, 021j 30,300,267I 809,052| 22,734,117| ] 5, 902, 2791 17, 281, 203

$44, 748, 952! 166,478i 66,971

10, 707, 0185, 976, G642, 2fi2, 4C01, 065, 874

207, 666828, 861579, 306

6, 633, 025

$111, 831, 330I 1, 071, 776! 1, 423, 213

8,361,55224, 755, 289

4, 525, 949602, 741305,710

2, 504,1233, 633, 559

13, 206, 018

Total I 47, 599,131 431, 266, 388 | 73, 243, 275 j 172, 221, 260

LIABILITIES.

Capital stock ! 9, 217, 431CirculationSurplus fund . . . .Undivided profitsDividends unpaidDepositsDue to banksOther liabilities..

25, 902607, 673

1, 481, 20711, 879

35, 303, 971697, 404253, 664

Total j 47, 599,131

55, 059, 0608, 308

19,135,27913, 618, 776

63, 086311,065,988

15,217,73217, 098,159

25, 948, 95163, 919

486, 080822. 559355, 879373, 935437, 597754, 355

33, 323, 757

431,266,388 73,243,275

9, 407, 2512, 039, 729

81, 388114, 3134, 812

7, 571, 4315, 442, 892

172, 221, 260

$50, 419, 20817, 269

" 1,820," 953"8, 819, 7503,186, 5891, 934. 992

10,426493

11,126, 717285, 993

$489, 423,169I 1, 485, 917! 28, 371, 206

62, 395, 05982, 521, 39024, 632, 60314, 814, 7651, 432, 935

26, 067, 59431, 255, 78939, 552, 017

77,622,390 | 801,952,444

28,137, 641

9, 729, 276120, 465

94534, 626, 583

4, 224,182783, 298

151,686,84098,129

41,365,55920, 082, 736

513,177532, 725, 289

30,148, 34625, 332, 368

77, 622, 390 801, 952, 444

Resources and liabilities of savings banks organized under State laws at various dates.


RESOURCES. I

Loans on real estate |Loans on personal and collateral security :United States bondsState, municipal, and other bonds and

stocksRailroad bonds and stocksBank stockReal estateOther assets •ExpensesDue froni banksCash

1885.'I, 1884.

54 banks. 68 banks.

$5, 438, 608 $16, 785, 9544,608,680 9.182,9524,739,840 j 552,384

10,912,5914, 363, 3821, 583, 5371,124, 0881, 579, 049

751, £

9,070,9107, 968, 5441, 752, 463

770, 901210,175

884, 529136, 720

Totals 35,101,644 j 47,315,532

Vermont,June 30,

1885.

18 banks.

$6, 639, 9331, 662,424

1, 927, 440

163,537163,856320, 543

550, 29185,114

Massachu-setts,

October 31,1884.

168 banks.

$98, 979, 28374, 952, 75414, 553, 600

25,956,71313,808,17325, 874, 035

6, 562, 4743,159,313

9, 488, 994581, 579

11,782,968 ! 273,916,918

LIABILITIES.Deposits I 32, 913, 835Surplus fund J 1, 200, 405Undivided profits | 887,170Other liabilities j 100, 234

Totals .

43, 827, 3561, 950. 9541, 515, 443

21,779

11, 218, 285 I 262, 720,147237,464 j 5,692,504312,446 ! 5,247,371

14,773 I 256,896

Rhode Isl-and,

November18, 1884.

38 banks .

$19, 601,1889, 722, 3673, 803, 500

6,189, 0296,138, 7502, 594, 3493,417,271

339, 556

733,193963, 827 ,

53, 503, 030

51, 079,161

2, 413, 68110,188

35,101, 644 i 47, 315, 532 11, 782, 968 | 27J, 916, 918 | 53, 503, 030



Resources and liabilities of savings banks organized under State laws, $c.—Continued.


RESOURCES.

Loans on real estateLoans on personal and collat-

eral securitvUnited States bondsState, municipal, and other

bonds and stocksRailroad bonds and stocksBank stock .Real estateOther assets _ExpensesDue from banksCash

Totals

LIABILITIES.

DepositsSurplus fundUndivided profitsOther liabilities

Totals. -„


RESOURCES.


eral securityUnited States bondsState, municipal, and other

bonds and stocksRailroad bonds and stocksBank stockReal estateOther assets ~»ExpensesDue from banksCash

Total ...

LIABILITIES.

Deposits . . .Surplus fundUndivided profi tsOther liabilities

Total „

Connecticut,Oct. 1, 1884.

84 banks.

$39, 202, 431

10,443,4483, 986, 556

13, 532, 80513, 720, 9756 224 9604, 967, 264

599, 967

2,462,711484, 040

95, 625,157

90, 614, 6232 973 2241 352 813

684, 497

95, 625,157

District ofColumbia,

Oct. 1,1885.

1 bank.

$181, 470

184, 08670, 000

233, 500

30, 59622,1882 131

54516, 101

740, 617

731, 733

8,884

740, 617

New York,Jan. 1, 1885.

126 banks.

$141, 944, 250

6, 402, 850134, 628, 660

128, 211, 340

8,116,81351, 327, 579

• 29, 406 7255, 889, 279

505, 927,496

437,107, 50168 669 001

150, 994

505, 927, 496

Ohio,Apr. 4, 1885.

4 banks.

$3, 677, 303

1, 315,1131, 925, 000

6,147, 226

101,14319, 38912 8%

481,358140, 903

13, 820, 330

12, 605, 0081, 000, 000

215, 035287

13, 820, 330

New Jersey,Jan. 1,1885.

30 banks.

$8, 482, 062

1, 226, 91010, 040, 519

3, 398, 059

931,118759; 957

749 222297, 044

25, 884, 891

24, 017, 9171 674 104

192, 870

25, 884, 891

Indiana,Nov. 1,1884.

6 banks.

$1, 826, 264

103 000

97, 547

3 000104, 724

7,4924 246

101,192112, 291

2, 359, 756

2,171, 009136,14052, 607

2, 359, 756

Pennsyl-

4 banks.

$4, 598, 312

6, 290, 9786, 767, 332

5, 757, 48112, 587, 566

830, 387

105, 4443 236

2, 066, 581

39, 007, 317

35, 362, 6602 551 612

989 045104, 000

39, 007, 317

Minnesota,June 30,1885.

6 banks.

$1, 859, 056

642,139

267, 075

25, 93943, 29641 920

487, 373137, 092

3, 503, 890

3,195, 92640, 317

111 864*155, 783

3, 503, 890

Maryland,July 1, 1885.

18 banks.

$3, 833, 853

10, 540,477

2, 635, 016998, 099264, 722658, 091

9, 732, 825

28, 663, 083

28, 663, 083

28, 663, 083

California,July 1,1885.

21 banks.

$36, 903, 961

7,082, 201

14, 656, 518

4, 370,145323, 975

775, 6451, 760, 624

65, 873, 069

58, 943, 9032, 521, 590

t4, 407, 576

65, 873, 069

* Includes $150,000 capital stock. t Includes $3,851,437 capital stock.



Aggregate resources and liabilities of savings banks from 1881 to 1885.


RESOURCES.


eral securityUnited States bondsState, municipal, and other

bonds and stocksRailroad bonds and stocks . . .Bank stockReal estateOther assetsExpensesDue from banks.Cash

Totals

LIABILITIES.

DepositsSurplus fandUndivided profitsOther liabilities

Total

1880- '81.

629 banks.

$307, 096,158

95, 817, 641210, 845, 514

159, 819, 94227, 069, 04833, 249, 20341, 987, 67437, 408,163

135, 57240, 603, 64113, 758,106

1881-'82.

629 banks.

$307, 089, 227

128, 483, 698237, 786, 442

206, 291, 27432, 994, 57835, 365, 71739, 882, 42911, 047, 346

132, 20438, 977,13514, 932, 015

$328,197, 858

155, 874, 522219, 017, 313

190, 629, 91541, 695, 70136, 587, 81737, 224, 60153, 235, 771

144, 22343,184, 62912, 998, 594

967, 790, 662 jl, 052, 982, 065 1,118, 790, 944

1882-'83.

630 banks.

1883-'84. 1884-'85.


$358, 686, 040

141, 457, 111196, 226, 202

222, 218, 00650, 994, 57937, 929, 75434, 467, 27669,166, 584

156, 94452, 358, 97114, 079, 452

1,177, 740, 919

89160

961289

142905

10, 325, 8005 213, 815

966, 797, 081 1, 024, 856, 787 jl, 073, 294, 95569, 454, 51211,136, 2195, 594, 253

72, 784,15515, 738, 2235, 411, 779

967, 790, 662 |l, 052, 982, 065 1,118, 790, 944

82, 395, 71716, 904, 7535,145, 494

$389, 953, 928

133, 716, 902191, 980, 698

228, 993, 25059, 585,48938, 460, 60332,174, 81068, 445, 304

166, 63646,125,01413, 423, 064

1, 203, 025, 698

1, 095,172,14788, 647, 31513,106, 3596, 099, 877

1,177, 740, 919 1, 203, 025, 698

Table, by States, of the aggregate deposits of savings banks, with the number of their deposi-tors and the average amount due to each in 1884 and 1885.

States.

!MaineNew HampshireVermont . . . . . . . . .MassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvaniaMarylandDistrict of ColumbiaOhioIndiana'MinnesotaCalifornia

Total

Number ofdepositors.

101, 822117, 317

38, 574806, 010120, 4*2246, 652

1,147, 58898,760

130, 3«1*77, 212

6,18034, 553*9, 131

*80, 489

3, 015,151

1883-'84.

Amount ofdeposits.

$31, 371, 86942, 091, 59711, 061, 056

252, 607, 59350,127, 80688, 098, 384

431, 080, 01029, 323, 42834, 031,15428, 336, 934

622, 30412, 969, 6662,108, 428

59, 464, 726

1, 073, 294, 955

Averageto each

depositor.

$308 10358 77286 75313 40416 07357 18375 64296 92261 01367 00100 70375 33230 91

738 79

355 96

1884-'85.

Number ofdepositors.

105, 680121,216

39, 284826, 008115, 752252, 245

1,165,17487, 356

135, 953*78,101

6,73534, 836*9, 40211,753

*82, 000

3, 071, 495

Amount ofdeposits.

$32,913,83543, 827, 35611, 218, 285

262, 720,14751, 079,16190, 614, 623

437,107, 50124,017,91735, 362, 66028, 663, 083

731, 73312, 605, 0082,171, 0093,195, 926

58, 943, 903

1, 095,172,147

Averageto each

depositor.

$311 44361 56285 57318 06441 29359 23375 14274 94260 11367 00108 64361 84230 91271 92718 83

356 5$

* Estimated.


REPORT OF THE COMPTROLLER OF THE CUREENCY. 181

/Statement showing the amount of national bank and of legal-tender notes outstanding onJune 20, 1874, January 14,1875, May 31, 1878, and November 1, 1885, and the increaseor decrease in each.

NATIONAL-BANK NOTES.

Amount outstanding June 20,1874 ! $349, 894,182Amount outstanding January 14, 1875 : 351, 861, 450Amount outstanding May 31,1878 j 322, 555, 96oAmount outstanding November 1, 1885* j 315, 462, 899Decrease in circulation during the last month • 1, 559, 905Decrease in circulation since November 1, 1884 { 17, 562, 835

LEGAL-TENDER NOTES.

Amount outstanding June 20, 1874 j 382, 000, 000Amount outstanding January 14, 1875 382, 000, 000Amount retired under act of'January 14, 1875, to May 31,1878 | 35, 318, 984Amount outstanding on and since May 31,1878 ! 346, 681, 016Amount on deposit with the Treasurer U. S. to redeem notes of insolvent and liquidat- \

ing bants, and banks retiring circulation under act of June 20,1874 j 39,158, 710Decrease in deposit during the last month I 715, 433Decrease in deposit since November 1,1884 | 2,097, 374

* The notes of national gold banks located in the State of California, amounting to $384,269. not in-cluded.


AGGREGATE RESOURCES AND LIABILITIES

THE NATIONAL BANKS

OCTOBER, 1808, TO OCTOBER, 1885.



Aggregate resources and liabilities of the National

1863.

Resources.

TJ S bonds and. securities

Due from nat'l and other b'ks .Real estate furniture &c

JANUARY. APRIL.

Current expenses . . . jPremiums paid I

Checks and other cash items.Bills of nat'l and other banks.Specie and other lawful mon 'y

Total

JULY.

•

OCTOBER 5.

1

66 banks.

$5. 466, 088 335, 662, 600 00

106, 009 12

2, 625, 597 05177,565 69

53 808 922, 503 69

492 138 58764, 725 00

1,446.607 62

16, 797, 644 00

1864.

Loans and discountsTJ. S. bonds and securitiesOther items

Due from national banks ...Due from other- b'ks andb'k'rsReal estate, furniture, &cCurrent expenses

Checks and other cash items.Bills of nafland otherbanksSpecie and other lawful mon'y

Total

JANUARY 4.

139 banks .

$10, 666, 095 6015,112,250 00

74,571 48

*4, 786, 124 58381, 144 00118, 854 43

577, 507 921 895, 521 00

5, 018, 622 57

37, 630, 691 58

APRIL 4.

307 banks .

$31,593,943 4341,175,150 00

432, 059 95

4, 699, 479 568,537,908,94

755, 696 41352, 720 77

2, 651, 916 961, 660, 000 00

22, 961, 411 64

114, 820, 287 66

JULY 4.

467 banks .

$70, 746, 513 3392, 530, 500 00

842,017 73

15, 935, 730 1317, 337, 558 66

1, 694, 049 46502, 341 31

5, 057,122 905, 344,172 00

42, 283, 798 23

252, 273, 803 75

OCTOBER 3.

508 banks .

$93, 238, 657 92108, 064, 400 00

1, 434, 739 76

19, 965, 720 4714, 051, 396 312, 202, 318 201, 021, 569 02

7, 640,169 144, 687, 727 00

44, 801, 497, 48

297,108,195 30

1§65.

IJANUARY 2. j APRIL 3.

638 banks . 907 banks.

Loans and discountsTJ. S. bonds and securitiesOther items

Due from national banks . - -Due from other b'ks and b'k'rsReal estate, furniture, &c .Current expensesPremiums paid

Checks and other cash itemsBills of nat'l and otherbanksSpecieLegal tenders and fract'l cur'y

Total

$166,448,718 00176, 578, 750 00

3, 294, 883 27

•30,820,175 4419, 836, 072 834, 083, 226 121,053,725 341, 323, 023 56

17, 837, 496 7714, 275,153 004, 481, 937 68

72, 535, 504 67

$252, 404, 208 07277, 619, 900 00

4, 275, 769 51

40, 963, 243 4722, 554, 636 576, 525,118 802, 298, 025 651, 823, 291 84

29, 681, 394 1313, 710, 370 00

6, 659, 660 47112, 999, 320 59

512, 568, 666 68 \ 771, 514, 939 10

1,294 banks .

$362, 442, 743 08391, 744, 850 00

12,569,120 38

76, 977, 539 5926,078,028 0111, 231, 257 28

2, 338, 775 562,243,210 31

41,314,904 5021, 651, 826 00

9, 437, 060 40Ib8, 426,166 55

OCTOBER 2.

1,513 banks .

1,126, 455, 481 66

$487,170,136 29427,731,300 00

19, 048, 513 15

89, 978, 980 5517, 393, 232 2514, 703, 281 77' 4, 539, 525 112,585,501 06

72, 309, 854 4416, 247, 241 0018, 072, 012 59

189, 988, 496 28

1, 359, 768, 074 49

" Including amount due from national banks.


EEPORT OF THE COMPTROLLER OF THE CURRENCY.

Banks from October, 1863, to October, 1885.

1 8 6 3 .

185

Liabilities.

Individual and other deposits.Due to nat'l and other banks*.Other items

Total

JANUARY. APRIL. JULY. OCTOBER 5.

66 b a n k s .

$7,188, 393 00

128, 030 068. 497, 681 84

'981,178 592, 360 51

16, 797, 644 00

1 8 6 4 .

Capital stock

Surplus fundUndivided profits

National b'knotes outstandingIndividual and other deposits.Due to nail and other banks*.Other items

Total

JANUARY 4.

139 b a n k s .

$14, 740, 522 00

432, 827 81

30,155 0019,450,492 532,153, 779 38

822, 914 86

37, 630, 691 58

APRIL 4.

307 b a n k s .

$42, 204, 474 00

1, 625, 656 87

9, 797, 975 0051, 274. 914 01

6, 814, 930 403,102, 337 38

114, 820, 287 66

JULY 4.

467 b a n k s .

$75, 213, 945 00

1,129.910 223, 094, 330 11

25, 825, 665 00119,414.239 0327, 382, 006 37

213, 708 02

252, 273, 803 75

OCTOBER 3.

508 b a n k s .

$86, 782, 802 00

2, 010, 286 105, 982, 392 22

45, 260, 504 00122,166, 536 4034, 802, 384 81

43, 289 77

297,108,195 30

1 § 6 5 .

Capital stock


Nationalb'k notesoutstanding

Individual and other deposits.United States deposits

Due to national banksDue to other b'ks and ban kers*

Other items

Total

JANUARY 2.

638 b a n k s .

$135, 618, 874 00

8. 663, 311 2212.283,812 65

66. 769, 375 00

183, 479, 636 9837, 764, 729 77

30, 619,175 5737,104,130 62

265, 620 87

512 568, 666 68

APRIL 3.

907 b a n k s .

$215, 326, 023 00

17, 318, 942 6517,809,307 14

98; 896, 468 00

202. 961, 473 1357, 630,141 01

41,301,031 16:>9, 692, 581 64

578, 951 37

771, 514, 939 10

JULY 3.

1,294 b a n k s .

$325, 834, 558 00

31. 303, 565 6423,159, 408 17

131. 452,158 00

398, 357, 559 5958, 032, 720 67

78, 261, 045 6479,591,594 93

462, 871 02

1,126, 455, 481 66

OCTOBER 2.

1,513 b a n k s .

$393,157, 206 00

38, 713, 380 7232,350.278 19

171, 321, 903 00

500, 910, 873 2248,170,381 31

90, 044, 837 0884,155,161 27

944, 053 70

1, 359, 768, 074 49

* Including State bank circulation outstanding.




1866.

Resources.

Loans and discountsU.S.b'ds dep'd to secure circ'nOtherU.S.b'ds and securities.Oth'r stocks, b'ds, and mortg'sDue from national banksDue from other b'ks and b'k'rsReal estate, furniture, &c...Current expensesPremiums paidChecks and other cash items.Billsof national and other b'ksSpecieLegal tenders and fract'l cur'y

Total

JANUARY 1.

1,582 banks.

$500,650,109 19298, 376, 850 00142, 003, 500 0017,483, 753 18

93, 254, 551 0214, 658, 229 8715, 436, 296 163,193,717 782, 423, 918 02

89, 837, 684 5020, 406,442 0019, 205, 018 75

187, 846, 548 82

1,404,776,619 29

APRIL 2.

1,612 banks.

$528. 080, 526 70315, 850, 300 00125, 625, 750 00

17, 379, 738 92

87, 564, 329 71] 3, 682,345 1215, 895, 504 464, 927, 599 792, 233, 516 31

105, 490, 619 3618, 279, 816 0017, 529, 778 42

189, 867, 852 52

1,442,407, 737 31

JULY 2.

1,634 banks.

$550, 353, 094 17326,483,350 00121,152,950 00

17, 565, 911 46

96, 696, 482 6613, 982, 613 2316, 730, 923 623.032,716 272, 398, 872 26

96, 077,134 5317,-866, 742 0012, 629, 376 30

201, 425, 041 63

1,476, 395, 208 13

OCTOBER 1.

1,644 banks.

$603, 314, 704 83331, 843, 200 00

94, 974, 650 0015, 887, 490 06

107, 650,174 1815,211,117 1617,134, 002 585, 311, 253 352, 493, 773 47

103, 684, 249 2117, 437, 779 00

9, 226, 831 82205, 793, 578 76

1, 526, 962, 804 42

Loans and discountsTJ.S.b'ds dep'd to secure circ'nU.S. b'ds dep'd to sec're dep'tsU.S. b'ds and sec'ties on hand.Oth'r stocks, b'ds,and mortg's

Due from national banks .Due from other b'ks and b'k'rsReal estate, furniture, &cCurrent expensesPremiums paid

Checks and other cash items.Bills of national banksBills of other banksSpecieLegal tenders and fract'l our'yCompound interest notes

Total

JANUARY 7.

1,648 banks.

$608, 771, 799 6J.339, 570, 700 0036,185, 950 0052, 949, 300 0015, 073, 737 45

92, 552, 20(5 2912, 996,157 4918,925,315 51

2, 822, 675 182, 860, 398 85

101, 430, 220 1819, 263, 718 001,176,142 00

19, 72(5, 043 20104, 872, 871 6482, 047, 250 00

1,511, 222, 985 40

A P R I L 1.

1,642 banks .

$597, 648, 286 53338, 868, 650 00

38, 46a, 800 0046, 689, 400 0020,194, 875 21

94, 121,186 2110, 737, 392 9019, 625, 893 81

5, 698, 784 173,411,325 56

87,951,405 1312, 873, 785 00

825, 748 0011, 444, 529 1592, 861, 254 1784, 065, 790 00

1, 465, 451,105 84

JULY 1.

1,636 banks .

$588,450,396 12337, 684, 250 0038, 368, 950 0045, G33, 700 0021, 452, 615 43

92, 308, 911 879, 668, 322 82

19, 800, 905 863,249,153 313, 388, GOO 37

128,312,177 7916,138, 769 00

531, 267 0011,128, 672 98

102, 534, 613 4675,488,220 00

1,494, 084, 526 01

OCTOBER 7.

1,642 banks .

$609, 675, 214 61338, 640, 150 0037, 862,100 0042, 460, hOO 0021, 50V, 881 42

95,217,610 148, 389, 226 47

20, 639, 708 235, 297, 494 132, 764,186 35

134, 603, 231 5111, 841,104 00

333, 209 0012, 798, 044 40

100, 550, 849 9156, 888, 250 00

1, 499, 469, 060 17

1 8 6 8 .

Loans and discountsU. S.b'dsdep'dtosecurecirc'nU. S.b'dsdep'd to sec're dep'tsU.S. b'dsandsec'tiesonhand.Oth'rstocks, b'ds, and mortg'sDue from national banksDue from other b'ks and b'k'rsReal estate, furniture, &c.. -Curreut expensesPremiums paidChecks and other cash items.Bills of national banksBills of other banksFractional currencySpecieLegal-tender notesCompound interest notesThree per cent, certificates...

Total

JANUARY 6.

1,642 banks.

$616, 603, 479 89339, 0G4, 200 00

37, 315, 750 0044, 164, 500 0019, 365, 864 77

99, 311,446 608, 480,199 74

21,125, 665 682, 986, 893 862, 464, 536 96

109, 390, 266 3716, 655, 572 00

261, 269 001, 927, 876 78

20,981,601 45114,806,491 0039, 997, 030 008, 245, 000 00

1, 502, 647, 644 10

APRIL 6.

1,643 banks .

$628, 029, 347 65339, 686, 650 00

37, 446, 000 0045, 958, 550 0019, 874, 384 33

95, 900, 606 357, 074, 297 44

22, 082, 570 255,428, 460 252, 660,106 09

114, 993, 036 2312, 573, 514 00

196,106 001, 825, 640 16

18, 373, 943 2284, 390, 219 0038, 917, 490 0024, 255, 000 00

1,499, 668, 920 97

JULY 6.

1,640 banks.

$655, 729, 546 42339, 569,100 00

37, 853,150 0043, 068, 350 0020, 007, 327 42

114, 434, 097 938, 642, 456 72

22, 699, 829 702, 938, 519 042,432, 074 37

124, 076, 097 7113, 210,179 00

342, 550 001, 863, 358 91

20, 755, 919 04100,16G, 100 00

19, 473, 420 0044, 905, 000 00

1, 572,167, 076 26

OCTOBER 5.

1,643 banks .

$657, 668, 847 83340, 487, 050 00

37, 360,150 0036, 817, 600 0020, 693, 406 40

102,278, 547 777, 848, 822 24

22, 747, 875 185, 278, 911 221, 819, 815 50

143, 241, 394 9911, 842, 974 00

222, 668 002, 262, 791 97

13, 003, 713 3992, 453, 475 00

4, 513, 730 0059, 080, 000 00

1, 559, 621, 773 49



Banks from October, 1863, to October 1 1885.—Continued.

1S66.

Liabilities.

Capital stock

Surplus fundUndivided profitsNational b'knotesoutstandingState bank notes outstanding.

Individual depositsU. S. depositsDep'tsofU.S.disb'sing officers

Due to national banksDue to other b'ks and bankers.

Total

JANUARY 1.

1,582 b a n k s .

$403, 357, 346 00

43,000,370 7828, 972, 493 70

213, 239, 530 0045, 449,155 00

522, 507, 829 2729, 747, 236 15

94,709,074 1523, 793, 584 24

APRIL 2.

1,612 b a n k s .

$409, 273, 534 00

44, 687, 810 5430, 964, 422 73

248, 886, 282 0033, 800, 865 00

534, 734, 950 3329,150, 729 82

89, 067, 501 5421,841,641 35

1,404,776,619 29 j 1,442,407,737 31

JULY 2.

1,634 b a n k s .

$414, 270, 493 00

50,151, 991 7729, 286,175 45

267, 798, 678 0019, 996,163 00

533, 338,174 2536, 038,185 03

3, 066, 892 22

96, 496, 726 4225,951,728 99

1, 476, 395, 208 13

OCTOBER 1.

1,644 b a n k s .

$415, 472, 369 00

53, 359, 277 6432, 593, 486 69

280, 253, 818 009, 748, 025 00

564, 616, 777 6430, 420, 819 80

2, 979, 955 77

110,531,957 3126, 986, 317 57

1, 526, 962, 804 42

1867.

Capital stock


Nationalb'knotesoutstandingState bank notes outstanding.

Individual depositsU. S. depositsDep's of U. S. disb'sing officers

Due to national banksDue to other b'ks and bankers

Total

JANUARY 7.

1,648 b a n k s .

$420, 229, 739 00

59, 992, 874 5726, 961, 382 60

291, 436, 749 006, 961, 499 00

558, 699, 768 0627, 284, 876 93

2, 477, 509 48

92,761,998 4324, 416, 588 33

1, 511, 222, 985 40

APRIL 1.

1,642 b a n k s .

$41-9, 399,484 00

60, 206, 013 5831,131, 034 39

292, 788, 572 005, 460, 312 00

512, 046,182 4727, 473, 005 662,650,981 39

91,156, 890 8923,138,629 46

1,465, 451,105 84

JULY 1.

1,636 b a n k s .

$418, 558,148 00

63, 232, 811 1230, 656, 222 84

291, 769, 553 004, 484,112 00

539, 599, 076 #)29, 838, 391 53

3, 474,192 74

89, 821, 751 6022, 659, 267 08

1,494, 084, 526 01

OCTOBER 7.

1,642 b a n k s .

$420, 073, 415 00

66, 695, 587 0133, 751, 446 21

293, 887, 941 004, 092,153 00

540, 797, 837 5123, 062,119 924, 352, 379 43

93, 111, 240 8919, 644, 940 20

1,499, 469, 060 17

1 § 6 § .

Capital stock


Kationalb'k notes outstandingState bank notes outstanding.

Individual depositsU. S. depositsDep't&of U.S. disb'sing officers

Due to national banksDue to other b'ks and bankers

Total

JANUARY 6.

1,642 b a n k s .

$420, 260, 790 00

70, 586,125 7031, 399, 877 57

294, 377, 390 003, 792, 013 00

534, 704, 709 0024, 305, 638 02

3, 208, 783 03

98,144, 669 6121, 867,648 17

APRIL 6.

1,04:5 b a n k s .

$420, 676, 210 00

72, 349,119 6032,861,597 08

295, 336, 044 003, 310,177 00

532, 011, 480 3622, 750, :!42 774, 976, 683 31

94, 073, 631 2521,323, 636 60

1, 502, 647, 644 10 1 1,499, 668,920 97

I

JULY 6.

1,(540 banks .

$420,105, 011 00

75,840, 118 9433, 543, 223 35

294, 908, 264 003,163, 771 00

575, 842, 070 1224, 603, 676 96

3, 499, 389 99

113, 306, 346 3427,355, 204 56

1, 572,167, 076 26

OCTOBER 5.

1,643 banks .

$420, 634, 511 00

77, 995, 761 4036, 095, 883 98

295, 769, 489 002, 906, 352 00

580, 940, 820 8517,573,250 644, 570, 478 16

99, 414, 397 2823, 720, 829 18

1,559,621,773 49




1S69.

Resources.

Loans and discountsTJ. S. bonds to secure circ'lat'nTJ. S. bonds to secure deposits.U. S.b'dsandsec'tiesonhand.Oth'r stocks, b'ds, andmortg'sDue from redeeming agents..Due from othernational banksDue from State b'ks andb'k'rsReal estate, furniture, &cCurrent expensesPremiums paidChecks and other cash items.Bills of other national banks.Fractional currencySpecieLegal-tender notesThree per cent certificates..

Total

JANUARY 4.

1,628 banks.

$644, 945, 039 53338, 539, 950 00

34,538,350 0035,010,600 0020,127, 732 96

65, 727, 070 8036, 067, 316 847,715, 719 34

23, 289, 838 283, 265, 990 811,654, 352 70

142,605,984 9214, 684, 799 002, 280, 471 06

29, 626, 750 2688, 239, 300 0052, 075, 000 00

J, 540, 394, 266 50

APRIL 17.

1,620 banks.

$662,084,813 47338, 379, 250 0029,721,350 0030,226,550 0020, 074, 435 69

• 57, 554, 382 55, 30, 520, 527 89

8, 075, 595 6023,798, 188 135,641,195 011,716,210 13

154,137,191 2311, 725, 239 002, 088, 545 189, 944, 532 15

80, 875,161 0051,190,000 00

1, 517, 753,167 03

JUNE 12.

1,619 banks.

$686, 347, 755 81338, 699, 750 0027, 625, 350 0027,476, 650 0020, 777, 560 53

62, 912, 636 8235, 556, 504 539,140, 919 24

23, 859, 271 175, 820, 577 871, 809, 070 01

161, 614, 852 6611, 524, 447 001, 804, 855 53

18, 455, 090 4880, 934,119 0049, 815, 000 00

1,564,174,410 65

OCTOBER 9.

1,617 banks .

$682,883,106 97339,480,100 00

18, 704,000 0025, 903,950 0022, 250, 697 14

56, 669, 562 8435, 393, 563 478, 790, 418 57

25,169,188 955, 646, 382 962, 092, 364 85

108, 809, 817 3710, 776, 023 00

2, 090, 727 3823, 002, 405 8383, 719, 295 0045, 845, 000 00

1,497, 226, 604 33

Loans and discounts .Bonds for cireul ation.Bonds for deposits . .U. S. bonds on hand .Other stocks and b 'ds

Due from red 'gag 'ntsDue from nat ' l banksDue from State banksReal estate, &cCurrent expensesPremiums paid

Cash items . . .Clear'g-house exch'gsNational banknotes .Fractional currency .SpecieLegal-tender notes . .Three per cent, cert 'fs

Total

JANUARY 22.

1,615 banks.

$688, 875, 203 70339, 350, 750 00

17,592,000 0024, 677,100 0021, 082,412 00

71, 641,486 0531,994, 609 269, 319, 560 54

26, 002, 713 013, 469, 588 002,439, 591 41

111,624,822 00

15, 840, 669 002,476, 966 75

48, 345, 383 7287, 708, 502 0043, 820, 000 00

1,546,261,357 44

MARCH 24.

1,615 banks.

$710,848,609 39339, 251, 350 0016,102, 000 0027, 292,150 0020, 524,294 55

73,435,117 9829, 510, 688 1110, 238,219 8526, 330, 701 24

6,683,189 542, 680,882 39

11,267,703 1275, 317,992 2214,226,817 00

2, 285,499 0237, 096, 543 4482,485, 978 0043, 570,000 00

1,529,147,735 85

JUNE 9.

1,612 banks .

$719,341,186 06338, 845, 200 0015, 704, 000 0028, 276, 600 0023, 300, 681 87

74, 635, 405 6136,128, 750 6610,430,781 3226, 593, 357 00

6, 324, 955 473, 076, 456 74

11,497, 534 1383,936,515 6416, 342, 582 002,184, 714 39

31,099,437 7894,573,751 0043,465, 000 00

1,565,756,909 67

OCTOBER 8.

1,615 banks.

$715, 928, 079 81340, 857,450 00

15, 381, 500 0022, 323,800 0023, 614, 721 25

66, 275, 668 9233, 948, 805 659, 202, 496 71

27, 470, 746 975, 871, 750 022, 491, 222 11

12, 536, 613 5779, 089, (588 3912,512,927 00

2, 078,178 0518,460,011 4779, 324, 577 0043, 345, 000 00

1,510,713,236 92

DECEMBER 28.

1,648 banks .

$725, 515, 538 49344,104, 200 0015,189, 500 0023, 893, 300 0022, 686, 358 59

64, 805, 062 8837, 478,166 499, 824,144 18

28, 021, 637 446, 905 073 323, 251, 648 72

13, 229,403 3476, 208, 707 0017,001,846 002,150, 522 89

26,307,251 5980, 580, 745 0041,845, 000 00

1,538,998,105 93

Loans and discounts.Bonds for circulationBonds for deposits . .TJ. S. bonds on hand .Other stocks and b'dsDue from red'g ag'ntsDue from nat'l banksDue from StatebanksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsNational bank notes .Fractional currency.SpecieLegal-tender notes ..Threepercent. cert'fs

Total

MARCH 18.

1,688 banks.

$767,858,490 59351, 556, 700 00

15, 231, 500 0023, 911, 350 0022, 763, 869 20

83, 809,188 9230,201,119 9P10, 271, 605 3428, 805, 814 796, 694, 014 173, 939, 995 20

11, 642, 644 74100,693,917 5413,137, 006 002,103, 298 16

25, 769,166 6491,072,349 0037, 570, 000 00

1,627,032,030 28

1 § 7

APRIL 29.

1,707 banks.

$779,321,828 11354, 427, 200 00

15, 236, 500 0022, 487, 950 0022, 414, 659 05

85,061,016 3138, 332, 679 74

,11, 478,174 7129, 242,762 796, 764,159 734, 414,755 40

12, 749, 289 84130, 855, 698 1516,632,323 00

2, 135, 763 0922, 732, 027 02

106, 219,126 0033, 935, 000 00

1 .JUNE 10.

1,723 banks.

$789, 416, 568 13357, 388, 950 0015, 250, 500 0024, 200, 300 0023,132, 871 05

92, 369, 246 7139, 636, 579 3511, 853, 308 6029, 637, 999 306, 295, 099 465, 026, 385 97

13,101,497 95102, 091, 311 75

19,101, 389 002,160,713 22

19,924,955 16122,137, 660 00

30, 690, 000 00

1,694,440,912 94 1,703,4,15,335 65

OCTOBER 2.

1,767 banks.

$831, 552,210 00364,475, 800 00

28, 087, 500 0017,753, 650 0024, 517, 059 35

86, 878, 608 8443, 525, 362 0512, 772, 669 8330,089,783 856,153, 370 295, 500, 890 17

14, 058, 268 86101, 165, 854 5214,197, 653 00

2, 095, 485 7913, 252, 998 17

109, 414,735 0025,075,000 00

1,730,566,899 72

DECEMBER 16.

1,790 banks .

$818, 996, 311 74366, 840, 200 0023,155,150 0017, 675, 500 0023, 061,184 20

77,985,600 5343, 313, 344 7813, 069, 301 4030, 070, 330 57

7, 330, 424 125, 956, 073 74

13,784,424 76114, 538, 539 93

13, 085,904 002, 061, 600 89

29, 595, 299 5693, 942, 707 0021, 400, 000 00

1,715,861,897 22



BanTcsfrorn October, 1863, to October, 1885—Continued.

l § 6 9 .

Liabilities.

Capital stock

Surplus fundUndivided profitsNat'l bank notes outstanding .State bank notes outstanding

Individual depositsTJ. S. depositsDep'tslT.S.disbursingofficers.Due to national banksDue to State banks and b'k'rs.

Notes and bills re-discounted .

Total

JANUARY 4.

1,628 b a n k s .

$419, 040, 931 00

81,169, 936 5235, 318, 273 71

294, 476, 702 002, 734. 669 00

568, 530, 934 1113,211,850 19

3, 472, 884 90

95,453,139 3326, 984, 945 74

1, 540, 394, 266 50

APRIL 17.

1,620 b a n k s .

$420,818,721 00

82,653,989 1937, 489, 314 82

292, 457, 098 002, 615, 387 00

547, 922,174 9110,114, 328 323,665,131 61

92, 662, 648 4923, 018, 610 62

2, 464, 849 811, 870, 913 26

1, 517, 753,167 03

JUNE 12.

1,619 b a n k s .

$422, 659, 260 00

82, 218, 576 4743, 812, 898 70

292, 753, 286 002, 558, 874 00

574, 307, 382 7710, 301, 907 71

2, 454, 048 99

100, 933, 910 0328,046,771 30

2, 392, 205 611, 735, 289 07

1, 564,174,410 65

OCTOBER 9.

1,617 b a n k s .

$426, 399,151 00

86,165, 334 3240, 687, 300 92

293, 593, 645 002, 454, 697 00

511, 400,196 637,112, 646 674, 516, 648 12

95, 067 892 8323, 849, 371 62

3, 839, 357 102,140, 363 12

1,497,226, 604 33

Capital stock


Nat'l bank circulat'n.State bank circulat'n.

Dividends unpaid

Individual deposits ..U. S. deposits ... . . .Dep'tsU.S.dis.oflicers

Due to national banksDue to State banks ..

Notes re-discounted .Bills payable

Total

JANUARY 22.

1,615 b a n k s .

$426, 074, 954

90,174, 28134, 300, 430

292, 838, 9352, 351, 993

2, 299, 296

546, 236, 8816, 750,1392, 592, 001

108, 351, 30028, 904, 849

3, 842, 5421, 543, 753

1,546.261,357

00

1480

0000

27

571921

3314

3049

44

1 8MARCH 24

TO.

1,615 b a n k s .

$427, 504, 247

90, 229, 95443,109,471

292, 509,1492, 279,469

1, 483,416

516, 058, 0856,424,4214, 778, 225

109,667,71529, 767, 575

2, 462, 6472, 873, 357

1,529,147,735

00

5962

0000

15

262593

9521

4940

85

JUNE 9.

1,612 b a n k s .

$427, 235, 701

91, 689, 83442, 861, 712

291,183,6142, 222, 793

1, 517, 595

542, 261, 56310, 677, 873

2, 592, 967

115, 456, 49133, 012,162

2, 741, 8432, 302, 756

1,565,756,909

00

1259

0000

18

189254

8478

5399

67

OCTOBER 8

1,615 b a n k s .

$430, 399, 301

94, 061, 43838, 608, 618

291, 798, 6402,138, 548

2, 462, 591

501, 407, 5866, 807, 9784, 550,142

100, 348, 29229, 693, 910

3, 843, 5774, 592, 609

1,510,713,236

00

9591

0000

31

904968

4580

6776

92

DECEMBER 28.

1,648 b a n k s .

$435, 356, 004 00

94, 705, 740 3446, 056, 428 55

296, 205, 446 002, 091, 799 00

2,242, 556 49

507, 368, 618 676, 074, 407 904,155, 304 25

106, 090, 414 5329, 200, 587 29

4, 612,131 084, 838, 667 83

1,538,998,105 93

Capital stock

Undivided profits . . .

Nat'lbank circulationState bank circulation

Dividends unpaid

Individual deposits..U. S. depositsDep'tsU.S.dis.oflicers


Notes re-discounted .Bills payable

Total

MARCH 18.

1,688 b a n k s .

$444, 232, 771 00

96, 862, 081 6f.43, 883, 857 64

301, 713, 460 002, 035, 800 00

1, 263, 767 70

561,190,830 416, 314, 957 814, 813, 016 66

118, 904, 865 8437, 311, 519 13

3, 256, 896 425, 248, 206 01

1,627,032,030 28

1 § 7 JI .APRIL 29. JUNE 10.

1,707 b a n k s . 1,723 b a n k s .

$446, 925, 493 00

97, 620, 099 2844, 776, 030 71

306,131,393 001, 982, 580 00

2, 235, 248 46

611, 025,174 106, 521, 572 923, 757, 873 84

128, 037,469 1736,113, 290 67

3, 573,723 025, 740, 964 77

1,694,440,912 94

$450, 330, 841 00

98, 322, 203 8045, 535, 227 79

307, 793, 880 001, 968, 058 00

1,408, 628 25

602,110, 758 166, 265, 167 944, 893, 907 25

135,167, 847 6941, 219, 802 96

3,120, 039 095, 278, 973 72

1,703,415,335 65

OCTOBER 2.

1,767 b a u k s .

$458, 255, 696 00

101,112, 671 9142, 008, 714 38

315, 519,117 001, 921, 056 00

4, 540,194 61

600, 868, 486 5520,511,93.-. 98

5, 393, 598 89

131, 730, 713 0440, 211, 971 67

3, 964, 552 574, 528,191 12

1,730,566,899 72

DECEMBER 16.

1,790 b a n k s .

$460, 225, 866 00

101, 573,153 6248, 630, 925 81

318, 265, 481 001, 886, 538 00

1, 393, 427 98

596, 586, 487 5414, 829, 525 655, 399, 108 34

118, 657, 614 1638,116, 950 67

4, 922, 455 785,374, 362 67

1,715,861,897 22



Aggregate resources and liabilities of the National1 8 7 2 .

Resources.

Loans and discounts.Bonds for circulationBonds for deposits..17. S. bonds on hand.Other stocks and b'dsDue from red'g ag'ntsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses...Premiums paidCash items . -Clea r'g-h ouse exch'gsNational-bank notesFractional currency.SpecieLegal-tender notes..TT.S.cert'fs of depositThreepercent.cert'fs

Total

FEBRUARY 27.

1,814 banks.

$839, 665, 077 91370, 924, 700 0015, 870, 000 0021, 323,150 0022. 838, 338 8089, 548, 329 9338, 282, 905 8612, 269, 822 6830, 637, 676 756, 265, 655 136, 308, 821 86

12,143, 403 1293,154, 319 7415, 552, 087 002, 278,143 24

25, 507, 825 3297, 865, 400 00

18, 980, 000 00

APRIL 19.

1,843 banks .

$844, 902, 253 49374, 428, 450 00

15,169,000 0019, 292,100 0021, 538, 914 0682,120, 017 2436, 697, 592 8112,299,716 9430, 809, 274 98

7, 026, 041 236, 544, 279 29

12, 461,171 40114,195, 966 3618,492, 832 002,143, 249 29

24,433, 899 46105,732, 455 00

15, 365, 000 00

1,719,415,657 34 1,743,652,213 55

JUNE 10.

1,853 banks .

$871, 531, 448 67377, 029, 700 0015, 409, 950 0016,458, 250 0022, 270, 610 4791, 564, 269 5339, 468, 323 3913, 014, 265 2631,123, 843 216,719,794 906, 616,174 75

13, 458, 753 8088,592,800 1616, 253, 560 002, 069, 464 12

24, 256, 644 14122, 994, 417 00

12, 005, 000 00

1,770,837,269 40

OCTOBER 3.

1,919 banks .

$877,197, 923 47382, 046, 400 00

15, 479, 750 0012,142, 550 0023, 533,151 7380,717,071 3034, 486, 593 8712, 976, 878 0132, 276, 498 176,310,428 796, 546, 818 52

14, 910, 784 34110, 086, 315 3715, 787, 296 002,151, 747 88

10, 229, 756 79105,121,104 00

6,710,000,007,140, 000 00

DECEMBER 27.

1,940 banks .

$885, 653, 449 62384, 458, 500 0016,304,750 0010, 306,100 0023,160, 557 2986, 401, 459 4442,707,613 5412, 008, 813 "5433, 014, 796 838, 454, 803 977, 097, 847 86

13, 696, 723 8590,145, 482 7219, 070, 322 002, 270, 576 32

19, 047, 336 45102, 922, 369 0012,650,000 004, 185, 000 00

1,755,857,098 24 1,773,556,532 43

1873.

Loans and discounts.Bonds for circulationBonds for deposits..IT. S. bonds on hand.Other stocks and b'dsDuefromred'g ag'ntsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-houseexch'gsNational bank notes.Fractional currency.SpecieLegal-tender notes..U.S.cert'fs of depositThreepercent.cert'fs

Total

FEBRUARY 28.

1,947 banks.

$913,265,189 67384, 675, 050 00>

15, 035, 000 0010,436, 950 0022, 063, 306 2095, 773, 077 1039, 483, 700 0913, 595, 679 1734, 023, 057 776,977,831 357, 205, 259 67

11, 761, 711 50131, 383, 860 9515, 998, 779 002, 289, 680 21

17,777,673 5397,141, 909 0018, 460, 000 00

1,805,000 00

1,839,152,715 21

APRIL 25.

1,962 banks.

$912, 064, 267 31386, 763, 800 00

16, 235, 000 009, 613, 550 00

22, 449,146 0488, 815, 557 8038, 671, 088 6312, 883, 353 3734,216,878 077^410, 045 877, 559, 987 67

11, 425, 209 0094,132,125 2419, 310, 202 002,198, 973 37

16, 868, 808 74100, 605, 287 0018, 370, 000 00

710, 000 00

1,800,303,280 11

JUNE 13.

1,968 banks .

$925, 557, 682 42388, 080, 300 0015, 935, 000 009, 7*9, 400 00

22, 912, 415 6397,143, 326 9443, 328, 792 2914, 073, 287 7734, 820, 562 777,154,211 697, 890, 962 14

13, 036, 482 5891, 918, 526 5920, 394, 772 002,197, 559 84

27, 950, 086 72106,381,491 0022, 365, 000 00

305,000 00

1,851,234,860 38

SEPTEMBER 12.

1,976 banks .

$944, 220,116 34388,330,400 0014, 805, 000 008, 824, 850 00

23, 709, 034 5396,134,120 6641, 413, 680 0612, 022, 873 4134, 661, 823 216, 985, 436 997, 752, 843 87

11,433, 913 2288, 926, 003 5316,103, 842 002, 302, 775 26

19, 868, 469 4592, 522, 663 0020, 610, 000 00

1,830,627,845 53

DECEMBER 26.

1,976 banks .

$856, 816, 555 05389, 384,400 0014,815,200 008, 630, 850 00

24, 358,125 0673, 032, U46 8740, 404, 757 9711,185, 253 0835, 556, 746 488, 678, 270 397, 987,107 14

12, 321, 972 8062,881,342 1621, 403,179 002, 287, 454 03

26,907,037 58108,719,506 0024, 010, 000 00

1,729,380,303 61

Loans and discountsBonds for circulationBonds for deposits..XJ. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from StatebanksReal estate, &cCurrent expenses - - -Premiums paidCash itemsClear'g-houseexch'gsNational bank notes.Fractional currency.SpecieLegal-tender notes..U.S.cert'fs of depositDep. with U. S. Treas

Total

FEBRUARY 27.

1,975 banks .

$897,859, 600 46389, 614, 700 0014, 600, 200 0011, 043,400 0025, 305, 736 24

101, 502, 861 5836, 624, 001 3911,496,711 4736,043,741 50

6, 998, 875 758, 741, 028 77

10, 269, 955 5062,768,119 1920, 003, 251 00

2, 309, 919 7333, 365, 863 58

102,717,563 0037,235, 000 00

1,808,500,529 16

MAYl.

1,978 banks .

$923, 347, 030 79389, 249,100 00

14, 890, 200 0010,152, 000 0025,460, 460 2094,017,603 3141,291,015 2412, 374, 391 2836, 708, 066 397, 547, 203 058, 680, 370 84

11,949,020 7194, 877, 796 5220, 673, 452 002,187,186 69

32, 569, 969 26101, 692, 930 0040,135, 000 00

1, 867,802,796 28

JUNE 26.

1,983 banks.

$926,195, 671 70390, 281, 700 00

14, 890, 200 0010,456, 900 0027, 010, 727 4897,871, 517 0645,770,715 5912, 469, 592 3337, 270, 876 517, 550,125 208, 563, 262 27

10, 496, 257 0063, 896, 271 3123, 527, 991 002, 283, 898 92

22, 326, 207 27103,108, 350 0047,780 000 00

91, 250 00

1,851,840,913 64

OCTOBER 2.

2,004 banks .

$954, 394, 791 59383, 254, 800 0014, 691, 700 0013, 313, 550 0027, 807, 826 9283, 885,126 9439, 695, 309 4711,196,611 7338,112, 926 527, 658, 738 828, 376, 659 07

12, 296, 416 7797, 383, 687 1118, 450, 013 00

2, 224, 943 1221, 240, 945 2380, 021, 946 0042, 825, 000 0020, 349, 950 15

1,877,180,942 44

DECEMBER 31.

2,027 banks .

$955, 862, 580 51382, 976, 200 0014,714,000 0015, 290, 300 0028, 313,473 1280,488, 831 4548,100, 842 6211, 655, 573 0739,190, 683 04

5, 510, 566 478, 626,112 16

14, 005, 517 33112, 995, 317 5522, 532, 336 00

2, 392, 668 7422,436,761 0482, 604, 791 0033, 670, 000 0021,043,084 36

1,902,409,638 46Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Banks from October, 1863, to October, 1885—Continued.

191

Liabilities.

Capital stock

Surplus fund

Undivided profits . . .

Nat'lbank circulationStatebankcirculation

Dividends unpaid . . .

Individual deposits..U. S. depositsDep'tsU. S. dis. officers

Due to national banksDue to State banks

Notes re-discountedBills payable

FEBRUARY 27.

1,814 banks .

$464, 081, 744 00

103, 787, 082 6243, 310, 344 46

321, 634, 675 001, 830, 563 00

1,451,746 29

593, 645, 666 167,114, 893 475, 024, 699 44

128, 627, 494 4439, 025,165 44

3,818,686 916, 062, 896 91

Total jl,719,415,657 34

APRIL 19.

1, 843 banks .

$470, 543, 301 00

105,181, 943 2850, 234, 298 32

327, 092. 752 001, 700:, 935 00

1, 454, 044 06

618, 80.1, 619 496, 993, 014 775, 463, 953 48

132, 804. 924 0239, 878, 826 42

4, 745,178 225, 942, 479 34

1,743,652,213 55 jl,770:8:>7,269 40

$467, 924, 318 00

104, 312, 525 8146, 428, 590 90

325, 305, 752 001, 763, 885 00

1, 561, 914 45

620, 775, 265 786, 355, 722 953, 416, 371 16

120,755, 565 8635, 005,127 84

4, 9-25, 622 045, 821, 551 76

JUNE 10.

1, 853 banks.

OCTOBER 3.

1, 919 banks .

$479,629,174 00

110, 257, 516 4546, 623, 784 50

333, 495, 027 001, 567,143 00

3,149, 749 61

613,290,671 457, 853, 772 414, 563, 833 79

110, 047, 347 0733, 789, 083 82

5, 549, 431 886, 040, 562 66

DECEMBER 27.

1, 940 banks.

$482, 606, 252 00

111,410,248 9856, 762, 411 89

336, 289, 285 001, 511, 396 00

1, 356, 934 48

598,114, 679 267, 863, 894 935,136, 597 74

124, 218, 392 8334, 794, 963 37

6, 545, 059 786, 946, 416 17

1,755,857,098 24 jl, 773, 556, 532 43

Capital stock.

Surplus fundUndivided profits . . .

Nat'l bank circulationStatebank circulation


Individual deposits .U. S. depositsDep'tsU.S.dis.officers

Duetonational banksDue to State banks..

Notes re-discounted.Bills payable

Total

FEBRUARY 28.

1,947 banks .

$484, 551, 811 00

114, 681, 048 7348, 578, 045 28

336, 292, 459 001, 368, 271 00

1, 465, 993 60

656,187,551 617, 044, 848 345, 835, 01)6 60

134, 231, 842 9538,124, 803 85

5,117,810 505, 672, 532 75

APRIL 25.

1,962 banks .

$487, 891, 251 00

115, 805, 574 5752, 415, 348 46

338,163, 864 001, 280, 208 00

1, 462, 336 77

610, 848, 358 257, 880, 057 734, 425, 750 14

126, 631, 926 2435, 036, 433 18

5, 403, 043 387, 059,128 39.

1,839,152,715 21 11,800,303,280 11

JUNE 13.

1,968 banks.

$490,109, 801 00

110,847,454 6255, 306, 154 69

338, 788, 504 001, 224, 470 00

1,400,491 90

641,121,775 278,691,001 956, 416, 275 10

137, 856, 085 6740,741,788 47

5, 515, 900 677,215, 157 04

1,851,234,860 38

SEPTEMBER 12.

1,976 banks.

'$491, 072, 616 00

120,314,499 2054, 515, ] 31 76

339,081,799 001,188, 853 00

1,402,547 89

622, 685, 563 297, 829, 327 738, 098, 560 13

133, 672, 732 9439,298,148 14

5,987,512 36•r», 480, 554 09

1,830,627,845 53

DECEMBER 26.

1,970 banks .

$490, 266, 611 00

120, 96], 267 9158, 375,169 43

341, 320, 256 001,130, 585 00

1,269.474 74

540, 510, 602 787, 680, 375 264, 705, 593 36

114, 996, 666 5436, 598, 076 29

3,811,487 897, 754,137 41

1, 729, 380, 303 61

1814.

Capital stock

Surplus fundUndivided profits...

Nat'l bankcirculationStatebank circulation

Dividends unpaid...

Individual deposits..U.S. depositsDep'tsU. S. dis. officers

Due to national banksDue to State banks..

Notes re-discouuted..Bills payable

Total

FEBRUARY 27.

1,975 banks .

$490, 859,101 00

123, 497, 347 2050, 236, 919 88

339, 602,955 001, 078, 988 00

1, 291, 055 63

595, 350, 334 907, 276, 959 875, 034, 624 46

138, 435, 388 3948,112, 223 40

3, 448, 828 924, 275, 002 51

1,808,500,529 16

MAY 1 .

1,978 banks .

$490, 077, 001 00

125,561,081 2354, 331, 713 13

340, 267, 649 001, 049, 286 00

2, 259,129 91

649, 286 298 957, 994, 422 273, 297, 689 24

135, 640,418 2448, 683, 924 34

4, 581, 420 384, 772, 662 59

1,867,802,796 28

JUNK 26.

1,933 banks .

$491,003,711 00

126, 239, 308 4158, 332, 965 71

338, 538, 743 001, 009, 021 00

1, 242,474 81

622, 863,154 447, 322., 830 853, 238, 639 20

143, 033, 822 2550, 227, 426 18

4, 436, 256 224, 352, 560 57

1,851,840,913 64

OCTOBER 2.

2,004 banks .

$493, 765,121 00

128, 958,106 8451,484,437 32

333, 225, 298 00964, 567 00

3, 516, 276 99

669, 068, 995 887, 302,153 583, 927, 828 27

125,102,049 9350, 718, 007 87

4,197, 372 254, 950, 727 51

1,877,180,942 44

DECEMBER 31.

2,027 banks .

$495, 802, 481 00

130, 485, 641 3751, 477, 629 33

331,193,159 00860,417 00

6, 088, 845 01

682, 846, 607 457, 492, 307 783, 579, 722 94

129,188, 071 4251, 629, 602 36

6, 365, 652 975, 398, 900 83

1, 902, 409, 638 46




1875.

Resources.

Loans and discounts.Bonds for circulationBonds for deposits..TJ. S. bonds on hand.Other stocks andb'dsDue from res've ag'tsDue fromnat'l banksDue from State banksEeal estate, &cCurrent expenses. ..Premiums paidCash itemsDlear'g-houseexch'gsBills of other banks.Fractional currency.SpecieLegal-tender notes..U. S. cert'fs of depositDue from U. S. Treas

Total

MARCH 1.

2,029 banks.

$956,485, 939 35380, 682, 650 00

14, 492, 200 0018, 062,150 0028,268,841 6989, 991,175 3444,720,394 1112, 724, 243 9739, 430, 952 127,790, 581 86.9, 000, 880 92

11, 734, 762 4281,127,796 3918, 909, 397 003, 008, 592 12

16, 667,106 1778, 508,170 0037, 200, 000 0021,007,919 76

1,869,819,753 22

MAT 1.

2,046 banks .

$971, 835, 298 74378, 026, 900 0014, 372, 200 0014, 297, 650 0029,102,197 1080, 620, 878 7546, 039, 597 5712, 094, 086 3940, 312, 285 99

7, 706, 700 428,434, 45:j 14

13,122,145 88116,970,819 05

19, 504, 640 002, 702, 326 44

10,620,361 6484, 015, 928 0038,615,000 0021, 454, 422 29

1,909,847,891 40

JUNE 30.

2,076 banks.

$972, 926, 532 14375,127, 900 00

14,147, 200 0012, 753, 000 0032, 010, 316 1889, 788, 903 7348,513,388 8611, 625, 647 1540, 969, 020 49

4, 992, 044 348, 742. 393 83

12, 433:100 4388, 924, 025 9324,261,961 00

2, 620, 504 2618, 959, 582 3087, 492, K95 0047,310,000 0019, 640, 785 52

OCTOBER 1.

2,088 banks .

$984, 691,434 40370,321, 700 00

14, 097, 200 0013, 989, 950 0033, 505, 045 1585, 701, 259 8247, 028, 769 1811, 963, 768 9042, 366, 647 657,841,213 058, 670, 091 18

12, 758, 872 0375,142, 863 4518, 528, 837 002, 595, 631 788, 050, 329 73

76, 458, 734 0048, 810, 000 0019, 686, 960 30

1,913,239,201 16 jl,882,209,307 G2

DECEMBER 17.

2,086 banks .

$962, 571, 807 70363, 618,100 00

13, 981, 500 0016, 009, 550 0031, 657, 960 5281, 462, 682 2744,831, 891 4811, 895, 551 0841,583,311 94

9, 218, 455 479,442,801 54

11, 238, 725 7267, 886, 967 0417,166,190 002, 901, 023 10

17, 070, 905 9070, 725, 077 0031, 005, 000 0019,202,256 68

1,823,469,752 44

18?6.

Loans and discounts.Bonds for circulationBonds for deposits..U. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &c . . . . .Current expenses...Premiums paidCash itemsDlear'g-house exch 'gsBills of other banks.Fractional currency.SpecieLegal-tender notes..TJ.S.cert'fs of depositDue from U. S. Treas

Total

MARCH 10.

2,091 banks.

$950, 205, 555 62354, 547, 750 00

14, 216, 500 0025, 910, 650 0030, 425,430 4399, 068, 360 3542,341, 542 6711,180, 562 1541, 937, 617 258, 296, 207 85

10,946,713 159, 517, 868 86

58, 863,182 4318, 536, 502 003, 215, 594 30

29, 077, 345 8576, 768, 446 0030, 805, 000 0018,479,112,79

1,834,369,941 70

MAY 12.

2,089 banks.

$939, 895, 085 34344, 537, 350 0014,128,000 0026, 577, 000 0030, 905,195 8286, 769, 083 9744, 328, 609 4611, 262,193 9642,183, 958 786, 820, 573 35

10,414,£47 289, 693,186 37

56, 806, 632 6320, 347, 964 002, 771, 886 26

21, 714, 594 3679, 858, 661 0027,380,000 0016, 911, 680 20

JUNE 30.

2,091 banks.

$933, 686, 530 45339,141, 750 00

14, 328, 000 0030, 842, 300 0032,482,805 7587, 989, 900 9047, 417, 029 0310, 989, 507 9542, 722, 415 27

5, 025, 549 3810, 621, 634 0311, 724. 592 6775, 328, 878 8420, 398, 422 00

1, 987, 897 4425, 218, 469 9290, 836, 876 0027, 955, 000 0017, 063, 407 65

1,793,306,002 78 1,825,760,967 28

OCTOBER 2.

2,089 banks.

$931, 304,714 06337,170, 400 00

14, 698, 000 0033,142,150 0034, 445,157 1687, 326, 950 4847, 525, 089 9812, 061, 283 0843,121, 942 016, 987, 644 46

10,715,251 1612, 043,139 6887, 870, 817 0615,910,315 00

1, 417, 203 6621,360,767 4284, 250, 847 0029, 170, 000 0016, 748, 695 40

1,827,265,367 61

DECEMBER 22.

2,082 banks .

$929, 066,408 42336, 705,300 00

14, 757, 000 0031, 937, 950 0031, 565,914 5083,789,174 6544,011, 664 9712,415,841 9743,498,445 499, 818, 422 88

10, 811, 300 6620,658,709 2668, 027, 016 4017, 521, 663 001,146, 741 94

32, 999, 647 8966, 221, 400 0026, 095, 000 0016, 359, 491 73

1,787,407,093 76

Loans and discounts.Bonds for circulationBonds for deposits . .TJ. S. bonds on hand .Other stocks and b'dsDue from res've ag'tsDue from nat ' l banksDue from State b 'nksReal estate, &cCurrent expenses . . .P remiums paidCash itemsDlear'g-houseexch'gsBills of other banksFractional currency.SpecieLegal-tender no tes . .TJ.S.cert'fs of depositDue from U. S. Treas

Total

JANUARY 20.

2,083 banks .

$920, 561, 018 65337, 590, 700 0014,782,000 0031, 988, 650 0031,819,930 2088, 698, 308 8544, 844, 616 8813, 680, 990 8143, 704, 335 47

4,131, 516 4810.991,714 5010,295,404 1981,117, 889 0418,418,727 00

1, 238. 228 0849, 709, 267 5572, 689, 710 0025,470. 000 0016,441,509 98

1,818,174,517 68

APRIL 14.

2,073 banks .

$911, 946, 833 88339, 658,100 00

15, 084, 000 0032, 964, 250 0032, 554, 594 4484, 942, 718 4142, 027, 778 8111, 911, 437 3644, 736, 549 09

7, 842, 296 8610, 494, 505 1210,410,623 8785,159, 422 7417, 942, 693 001,114, 820 09

27, 070, 037 7872, 351, 573 0032,100, 000 0016, 291, 040 84

1,796,603,275 29

JUNE 22.

2,078 banks.

$901, 731, 416 03337, 754,100 00

14, 971, 000 0032, 344, 050 0035, 653, 755 2982,132, 099 9644, 567, 303 6311, 246, 349 7944,818, 722 07

7, 910, 864 8410, 320,674 3410, 099, 988 4657, 861. 481 1320,182, 948 00

1, 055,123 6121, 335, 996 0678, 004, 386 0044, 430, 000 0017, 932, 574 60

1,774,352,833 81

OCTOBER 1.

2,080 banks .

$891, 920, 593 54336, 810, 950 00

14, 903, 000 0030, 088. 700 0034, 435, 995 2173, 284,133 1245, 217, 246 8211,415,761 6045, 229. 983 256, 915', 792 509, 219,174 62

11, 674, 587 5074, 525, 215 8915, 531, 467 00

900, 805 4722, 658, 820 3166, 920, 684 0032, 410, 000 0016,021,753 01

1,741,084,663 84

DECEMBER 28.

2,074 banks .

$881, 856,744 87343, 869, 550 00

13, 538, 000 0028, 47i9, 800 0032,169,491 0375, 960, 087 2744,123, 924 9711, 479, 945 6545, 511, 932 25

8, 958 903 608, 841, 939 09

10, 265, 059 4964, 664, 415 0120,312, 692 00

778, 084 7832, 907, 750 7070, 568, 248 0026, 515, 000 0016,493, 577 08

1,737,295,14.5 79



Banks from October, 1863, to October, 1885—Continued.

I § 7 5 .

Liabilities,MARCH 1. MAY 1.

2,029 banks.

Capital s t o c k . . . . . . . . !$496,272,901 00


N a t l bank circulationState bank circulation


131, 249, 079 4751, 65O3 243 62

324, 525, 349 00824, 876 00

1,601,255 48

2,046 banks.

!$i98, 7)7,143 00

! 131,604,608 66j , 55, 907. 619 95

! 323,321,230 00I 815, 229 00! 2, 501, 742 39

JUNE 30. OCTOBKR 1.

2,076 banks. 2,088 banks.' i j

$501, 568, 503 50 '$504, 829, 769 00 I

! 133,169,094 79 ! 134,350,076 41 |1 52,160,104 68 | 52,1164,953 50 |

318,148, 406 00786, 844 00

6,105, 519 31

318, 350, 379 00 !772, 343 00

4, 003, 534 90

Individual deposits .! 647,735,879 69U. S. d e p o s i t s . . . . . . . . 7, 971, 932 75Dep'tsu.S.dis.officera


Notes ue-disconnted.Bills payable

Total..

; 695, 347, 677 70; t>, 797, 972 00

5, 330i 414 16 ; 2, 760, 38V 41

137,735,121 44 j 127, 280, 034 0255, 294, 663 84 53, 037, 582 89

:6,478,630 48 664,579.619 396,714,328 70 6,507,531 59 j3, 459, 061 80

138, 914, 828 3955, 714, 055 18

4, 271,195 19 ]

129,810,681. 6049, 918, 530 95

4,841,600 204, 786, 436 57

! 5,671,03144; 6, 079, 632 94

i 4,261,464 45 5,254,453 66 |j 5, 758, 299 85 6, 590, 234 43 j

DECEMBER 17.

2,086 banks.

$505, 485, 865 00

133, 085,422 3059, 204,957 81

314, 979,451 00

752, 722 00

1,353,396 80

618,517,245 746, 652, 556 674,232, 550 87

119,843,665 4447, 048,174 56

5, 257,160 617, 056, 583 64

1,869,819,753 22 11,909,847,891 40 jl,913,239,201 16 1,882,209,307 62| 1,823,469,752 44

1876,MARCH 10.

2,091 banks.

Capital stock $504, 818,666 00

091, 739 50177, 031 26

476,155 00714,539 00

2,089 banks.

$500, 982, 006 00 $500, 393, 796 00

Surplus fund | 133,Undivided prof i ts . . - ! 51,

Nat'lbankcirculationj 307,Statebankcirculation

Dividends unpaid ...

Individual deposits. .! 620,674,211 05V. S. deposits ; 6, 606,394 90Dep'tsu.S.dis.officera; 4,313,915 45

Due to national banks1 139,407,880 06Due to State banks. . ! 54, 002, 13L 54 |

Notes re-discounted .1 i, 631, 882 57 IBills payable ' 6, 049, 566 3L j

1,405, 829 06

MAY 12. JUNE 30.

2,091 banks.

OCTOBER 2.

2,089 banks.

131,795,199 94 |49, 039, 278 75

300, 252, 085 00 '667, 060 00

131, 897,197 2146, 609, 341 51

294, 444, 678 00658, 938 00

2,325,523 51 ! 6,116,679 30

612, 355, 096 598,493,878 182, 505, 273 30

i 127,880,045 04! 4«i. 706, 969 52

4,653,460 08 |5, 650. 126 87 |

641,432,886 087, 667,722 973, 392, 939 48

131, 702,164 8751,403,995 59

3, 867, 622 246,173, 000 03

$499, 802,232 00

132,202,282 0046, 445,215 59

291, 544, 020 00

628, 847 00

3,848, 705 64

651,385,210 197, 256, 601 423, 746, 781 58

131, 535, 969 0448,250,111 63

4, 464, 407 316,154, 784 21

DECEMBER 22.

2,082 banks .

$497,482, 016 00

131, 390, 664 6752, 327,715 08

292, Oil, 575 00608, 548 00

1, 286, 540 28

619, 350,223 066, 727,155 144, 749, 615 39

122, 351, 813 0948,685,392 14

4, 553,158 765,882,672 15

Total !l,834,369,941 70 ; 1,793,306,002 78 11,825,760,967 28 1,827,265,367 61 ;1, 787,407, 093 73

i JANUARY 20.

| 2,083 banks,

Capital stock $493,631,611 00

Surplus fundd

SurplusUndivi

fundded profits...

Nat' lbaukcimilationjStatebankcirculation;

Dividends unpaid ....

Individual deposits . .U. S. depositsDep'tsU.S.dis.officera:

Due to national banksDue to State banks . .


Total.,

130,221, 169 0237, 450, 530 32

292,851,351 00581,242 00

2.418,909 70

659,891.969 167, 234, i:l;6 963. 108,316 55

130, 293, 566 3649, 965, 770 27

4, 000, 063 826, 483, 320 92

APRIL 14.

2,073 banks.

$480,684,645 00

127,793,320 5245, 009, 418 27

291,710,313 00535, 963 00

1, 853, 974 79

641,772,528 087, 584, 267 723, 076, 878 70

125,422, 444 4348, 604, 820 09

3, 985, 459 755, 969, 241 94

JUNE 22,

1,818,174,517 68 ,1,796,603,275 29

2,078 banks.i .

;$181.,044,77l 00i

! 124, 714, 072 93j 50,508,351 70

| 290, 002, 057 00521, 611 00

1,398,101 52

636,267, 529 207, 187, 431 673, 710,107 20

j 121,443,601 2348, 352, 583 90

2,953,128 586, 249, 426 88

1,774,352,833 81

OCTOBER 1.

2,080 banks.

•179,407,771 00 |

. 122,770,121 24 j| 44, 572, 678 72 !

291,874,230 00 j481, 738 03

3, 623, 703 43

610,403,987 127,972,714 752, 376, 983 02

115,028,954 3846, 577, 439 88

3, 791, 219 476,137,116 83

1,741,084,663 84

DECEMBER 23.

2,074 bank3.

$477,128,771 00

121,618,455 3251,530,910 18

2D9, 240, 475 00470, 54J CO

1,404,173 34

604,512,514 526, 529, 031 093,780,759 43

115, 773, 660 5844,807, 958 73

4 654,734 515,843,107 03

1,737,295,145 79

5745 CUR- -13Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

194 REPORT OF THE COMPTROLLER OP THE CURRENCY.

Aggregate resources and liabilities of the National1 8 7 8 .

Resources.

Loans and discounts.Bonds for circulationBonds for deposits . .U. S. bonds on hand.Other stocksand b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, <fecCurrent expenses . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks.Fractional currency.SpecieLegal-tender notes..U.S.cert'fsof depositDuefromTJ.S.Treas.

Total

MARCH 15.

2,063 banks .

$854,750.708 87343,871,350 00

13, 329, 000 0034,881,600 0034, 674, 307 2186, 016, 990 7839, 692,105 8711, 683, 050 1745, 792, 363 737, 786, 572 427, 806,252 00

10,107, 583 7666,498, 965 2316, 250, 569 00

697, 398 8654, 729, 558 0264, 034, 972 0020, 605, 000 0016, 257, 608 98

1,729,465,956 90

MAY 1.

2,059 banks .

$847, 620, 392 49345, 256, 350 0019, 536, 000 0033,615,700 0034,697,320 5371,331,219 2740, 545, 522 7212, 413, 579 1045, COl, 536 937, 239, 3G5 787, 574, 255 95

10, 989, 440 7895, 525,134 2818, 363, 335 00

661, 044 6946, 023, 756 0667, 245, 975 0020, 995, 000 001G, 304, 030 47

1,741,898,959 05

JUNE 29.

2,056 banks.

$835, 078,133 13347, 332,100 0028, 371, 000 0040, 479, 900 0036, 694,996 2478, 875, 055 9241, 897, 858 8912,232, 316 3046,153,409 354,718, 618 667,335,454 49

11, 525, 376 0787,498, 287 8217, 063, 576 00

610, 084 2529,251, 469 7771, 643,402 0036, 905, 000 0016,798, 667 62

1,750,464,706 51

OCTOBER 1.

2,053 banks .

$833, 988,450 59347, 556, 650 0047, 936, 850 0046,785, 600 0036,859,534 8285, 083,418 5141,492,918 7512,314, 698 1146, 702, 476 266,272, 566 737,134,735 68

10, 982, 432 8982,372,537 8816, 929, 721 00

515,661 0430, 688, 606 5964, 428, 600 0032, 690, 000 0016, 543, 674 36

1,767,279,133 21

DECEMBER 6.

2,055 banks .

$826,017,451 87347, 812, 300 0049,110, 800 0044, 255, 850 0035, 816, 810 4781, 733,137 0043,144, 220 6812, 259, 856 0946, 728,147 36

7, 608,128 836, 978, 768 719, 985, 004 21

61,998,286 1119, 392, 281 00

496, 864 3434, 355,250 3664, 672, 762 0032, 520,000 0017, 940, 918 34

1,742,826,837 37

Loans and discounts.Bonds for circulationBonds for deposits..U. S. bonds on hand.Other stocks and b'dsDue from res've agt'sDue from nat'l banksDue from State banksReal estate, &cCurrent expenses . - .Premiums paid . —Cash itemsClear'g-houae exch'gsBills of other bankti.Fractional currency.SpecieLegal-tender notes .U.S. cert' fsof depositDue from U. S. Troas

JANUARY 1.

2,051 banks . 2,048 banks.

1 8 7 9 .APRIL 4. !

$823, 906, 765 68347,118. R00 0066, 507, 350 0044, 257, 250 0035, 569, 400 9377, 925, 068 6844,161,948 4611,892,540 2647, 091, 9G4 70

4, 033, 024 676, 366, 048 85

13, 564, 550 25100, 03"), 237 8219, 535, 588 00

475, 538 5041, 499, 757 3270, 561, 233 0028,915,000 0017,175,435 13

$814, 653, 422 69! 348, 487, 700 00'< 309,348,450 00

54, 601, 750 00i 36,747,129 4)! 74, 003, 830 40I 39, 143, 388 90I 10, 535, 252 99! 47,461,614 54! 6, 693, 668 43| 6, 609, 390 80I 10, 011, 294 64| 63, 712, 445 55

17, 068, 505 00467,177 47

i 41,148, 563 4164,461,231 0021, 885, 000 0017,029,121 31

JUNE 14.

2,048 banks .

$835, 875, 012 36352, 208, 000 00257, 038, 200 0062,180, 300 0037, 617, 015 1393,443,463 9548,192, 531 9311, 258, 520 4547, 796,108 266,913,430 465, 674, 497 80

10, 209, 982 4383,152,359 4916, 685, 484 00

446,217 2642, 333, 287 4467, 059,152 0025,180, 000 0016, 620, 986 20

OCTOBER 2. DECEMBER 12.

2,048 banks . 2,052 banks.

$878, 503, 097357, 313, 300

18, 204, 65052,942, 10039, 671, 916

107, 023, 54646, 692, 99413, 630, 77247, 817,1696, 111, 2564, 332,410

11, 306,132112, 964, 96416, 707, 550

396, 06542,173,73169,196, 69626, 770, 00017, 029, 065

45 $933,543,661 9300 ! 364,272,700 0000 j 14,788,800 00

40,677,500 00 i38,836,369 80 1

102,742,452 54 !

55,352,459 8214,425,072 0047, 992, 332 997,474,082 104,150,836 17

10, 377, 272 77112,172, 677 9516,406, 218 00

374, 227 0279,013,041 5954, 715, 096 0010, 860. 000 0017, 054, 816 40

00508178 i63 !3656634825000623000045

•Total l,800,592,0;;2 25 1,984,068,936 53 2,019,884,549 16 [1,868,787,428 19 [1,925,229,617 08 |

1880.

Loansaml discountsBonds for circulationBonds for deposits..U. S. bonds on hand.Otherstocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses.-.Premiums paidCash itemsClear'g-houseexch'gsBills of other banks.F ractional c iirrencySpecieLegal tender notes..U.S.cert'fsof depositDue from U.S.Treas.

Total

FEBRUARY 21.

2,061 banks.

$974, 295, 3G0 70361, 901, 700 0014,917,000 0036,798, 000 0041, 223, 5£3 33

117,701,386 8153, 230, 034 0314,501, 152 5147, 845, 915 77

6, 404, 743 543, 908, 059 27

10, 320, 274 51166, 736, 402 64

15, 360, 257 00397,187 2.1

89,442, 051 7555,229, 408 0010, 760, 000 0016, 994, 381 37

2,038,066,498 46

APRIL 23. JUNK 11.

2,075 banks, j 2,076 banks.

$992, 970, 823 10361, 274, 650 00

14, 722, 000 0029, 509, 600 0042,494, 927 73

103,9(14,229 8454, 493,465 0913, 293, 775 9447, 808, 207 09

7, 007, 404 .193, 791, 703 339, 857, 645 34

99, 357, 056 4121, 064, 504 00

395,747 6786,429,732 2161, 048, 941 007, 890, 000 00

17,226, 060 01

$994,712,646 41359,512,050 0014,727,000 0028,605,800 0044, 947, 345 75

115,935,668 2750, 578,444 6913, 861, 582 7747, 979, 244 53

6, 778, 829 193,702,354 609, 980,179 32

122, 390,409 4521, 908,193 00

387,226 1399, 506, 505 2664,470, 717 0012, 510, 000 0016, 999, 083 78

1,974,600,472 95 |2,035,493,280 15

OCTOBER 1.

2,090 banks .

$1,040,977,267 53357.789,350 0014,827,000 0028,793,400 0048,863,150 22

134,562,778 7063,023,796 8415,881,197 7448,045,832 546,386,182 013,488,470 11

12,729,002 19121,095,249 72

18,210,943 00367,17173

109,346,509 4956,640,458 007,655,000 00

17,103,866 00

2,105,786,625 82

DECEMBER 31.

2,095 banks .

$1,071,356,141 79 i358,042,550 00)

14,726,500 00125,016,40<»00i48,628,372 77

126,155,014 4069,079,326 1517,111,2410347,784,461 47 j4,442.440 023,288,602 63

14,713,929 02229,733,904 5921,549,367 00

389,921 75107,172,900 9259,216,934 006,150,000 00

17,125,82237

2,241,683,82991



Banks from October, 1863, to October,

18 71885—Continued.

8 .I MARCH 15.

Liabilities.I 2,063 banks.

Capital stock . . . . $473, 952,541 00I

Surplus fund j 120, 870, 290 10Undivided profits . . J 45, 040, 851 85

JTat'l bank circulat 'n 300, 926,284 00State bank circulat'n 439,339 00

Dividends unpaid . . . 1, 207, 472 68

Individual deposits . . 602, 882, 585 17U. S. deposits 7, 243, 253 29Dep's ILS.dis. officers 3, 004, 004 90

Due to national banks 123,239.448 50Due to State banks . . • 43, 979, 239 39

Kotes re-discounted . i 2,4C5, 390 79Bills payable ! 4, 215,196 23

Total 11,729,465,956 90

MAY 1. | JUNE 29.

2,056 ban t s .

$471, 971, 627 0U '$470, 393, 366 00

2,059 banks.


2,055 banks.2,053 banks.

$466,147, 436 00 i $464, 874, 990 00

119,233,126 3343, 938, 961 98 j

301, 884, 704 00426,504 00

3,930,669 58

625,479,771 1213,811,474 142,392,281 61

109, 720, 396 70

44, 006, 551 05

2, 834, 012 004, 270, 879 74

118,178, 530 75 j40, 482, 522 64 [

299,621,059 00 j417, 808 00 !

116, 897, 779 98 !40, 936, 213 58 j

301, 888, 092 00 j413, 913 00 i

5, 46(5, 350 52 I 3,118,389 91

621,632,160 06 ;22, 680, 619 07 :2,903,531 99 .

117, 845, 495 88 I43, 360, 527 86 !

2, 453, 839 77 j5, 022, 891 37 j

620, 236,176 82 \41,654,812 08 j3,342, 794 73 [

j122,496,513 92 !42, 636, 703 42 |

3, 007, 324 85 !4, 502, 982 92 !

116, 402,118 8444, 040,171 84

303, 324, 733 00400 715 00

1, 473, 784 8$

598, 805, 775 5640, 269, 825 72

3, 451, 436 56

120,261,774 5441,767,755 07

3,228,132 934, 525, 617 45

1,741,898,959 05 1,750,404,706 51 1,767,279,133 21 1,742,826,837 37

l'§ 7 9.

JANUARY 1. APBJL 4.

Capital stock


Natflbank circulat'nState bank circula'n-

2,051 banks.

$462, 031, 396 00

116, 200, 863 5236, 836, 269 21

303, 506,470 00388, 368 00

Dividends unpaid . . . 5, 816, 348 82

Individual deposits. .! 643,337,745 26XT. S. deposits I 59, 701,222 90Dep's XLS.dis. oflflcersj 3,556, 801 25

Due to national banks! 118,311,635 60Due to State banks . . j 44, 035,787 56

Notes re-discounted.! 2,926,434 95Bilk p a y a b l e . . . . . . . . | 3, 942, 659 18

Total .1,800,592,002 25

2,048 banks.

|$455, 611, 362 00

114, 823, 316 49 |40, 812, 777 59 j

304,467,139 00352,452 00

2,158, 516 79

598, 822, 694 02303, 463, 505 69

2, 689,189 44

110,481,176 9843,709,770 14

2. 224, 491 914, 452, 544 48

1,984,068,936 53

JUNE 14.

2,048 banks.

$455,244, 415 00

114, 321, 375 8745, 802, 845 82

307, 328, 695 00339, 927 00


2,048 banks. 2,052 banks.

$454, 067, 365 00 i $454, 498, 515 00

114, 786, 528 10 i41,300,941 40 !

|313, 786, 342 00 I

325, 954 00 J

115,429, 031 9347, 573', 820 75

321, 949,154 00322, 502 00

3,309, 059 13 i 2, 658, 337 46 I 1, 305, 480 45

755,459, 966 016,923, 323 973, 893, 217 43

152, 484, 079 4459, 232, 391 93

2,116,484 474, 041, 649 70

2,019,884,549 16 1,868,787,428 19 1, 925, 229, 617 08

648, 934,141 42248,421,340 25

3, 682, 320 67

137,360,091 6050,403, 0<J4 54

2, 226,39G 39 j4, 510, 870 47 I

719, 737, 568 89 !11, 018, 862 74 i

3, 469, COO 02 j

149, 200, 257 16 I52, 022, 453 99 !

2, 205, 015 544,208,201 89

1880.

FEBRUARY 21.

Capital stock

Surplus fund. . . . . . . .Undivided profits . . ,

Katl bank circulateState bank circulat'n


Individual depoiits„XT. S. deposit*Dep'iXJ.S.dis. officers

Due to national banks;Due to State banks - . J

Notes re-discounted. IBills payable...

2.061 banks.

APRIL 23.

$454, 548, 585 00

117, 044, 043 0342,863,804 95

820,303. 874 00303,452 00

1, 365, 001 91

848,926,599 867,856,791 973, 069, 880 74

170,245,061 0865,439, 334 51

1, 918, 788 884,181, 280 53

Total.

2,075 banks.

'$456, 097, 935 00

117, 299, 35;) 0948, 226,087 61

320. 759, 472 00" 299, 790 00 |

1,542,447 98

701,555,059 637, 925, 988 373, ^20, 006 64

157, 209, 759 1463, 317,107 96

2,616,900 554, 529, 967 98

JUNE 11. OCTOBER 1.


DECEMBER 31.

2,095 banks.

$455, 909, 565 00 |$457, 553, 985 00 $458, 540,085 00

! 120, 518, 583 43I 46,139, 690 24

118,102, 014 11 j50,443, 635 45 I

121, 824, 629 0347, 946,741 64

318,088, 562 00290, 738 00

1,330,179 85

833,701,034 207, (580. 905 473, 026, 757 34

171, 462,131 2367,038,795 35

j 2, 258, 544 725, 260, 417 43

| 317, 350, 036 COj 273, 045 001

3,452,504 17

873,537,637 077, 548. 538 673, 344| 386 62

192,124,705 1075,735,677 06 |

3,178, 232 50 |5,031.604 96 I

2,038,066,498 46 1,974,600,472 95 12,035,493,280 15

317,484,496 00258,499 00

6,198,238 38

1,006,452,852 827, 898,100 948,489,501 01

192,413, 295 7871,185,817 08

3, 354, 697 184, 636, 876 05

2,105,786,625 82 |2,241,683, 829 91




I § S A .

Resources.

"Loans ami di scounts.Botuls for circulationBonds for deposi ts . .TJ. S. bonds on hand.Otherstocks and b'dsDuefrom res 'veag ' tsDue from nat ' l banksDue from StatebanksJKeal estate, &c . . . 'Current expenses . . .Premiums paidCash itemsClear'g-bouse exch'gsBills of other b a n k s !Fractional c u m ncv. iSpecie ."..Legal-tender notes . .U. S. cert 's of deposit1

Due from IT. S. Treas

MAY 6.

2,102 banks.

JUNE 30.

2,115 banks

,073,786,749 70 $1,339,811,950 00!14,851,500 0046,626,150 0049,545,154 921

120,8-0, C.01 0962.205.517 34!17,032.201 64-)47.525.700 02!

7J 810,1)30 83'3,530,510 71,

10,144,082 87;

147,761,543 9617.733.032 00

386,569 63105,156.195 2452,156.'4''9 00(5,120,'.'00 00

17,015.'J€9 83

093,049,382 18 $1,352,653,500 00,15,240,000 00i41,116,500 0052,908,123 98:

128,017,627 03;03,170.225 67'16,938,734 5047,791.348 36'6,090,109 784,024,763 C)()

11,826,603 16.19*5,633,058 01;25,120,933 00

386.950 21122.628^562 08G2.516.206 008,045,000 001

18,456,600 14!

OCTOBER 1.

2,132 banks .

144.988,949 45 $1,358,287,500 00!15,265,000 00,48,5H4,950 0058.049,292 63J

156,258,637 05:75,703,599 78'•18.S50.775 3447,^34,060 20.4,235,911 194,115,980 01

13,534,227 31143,960.236 8421.63L932 00

372,140 231128.638,027 50i58,728,713 009,540,000 00!

17,251,868 22!

DECEMBER 31.

2,164 banks .

173,796,083 09 $1,363,385,500 001

15,540,000 00,40,866,750 00!61,952,402 95i

132,968,183 12!78,505,446 17;19,306.826 6247,329,111 166,731,936 484,138,485 71

14.831,879 30189,222,255 9517.732,712 00

373,945 96114,334,7; 6 1253,158,441 006,740,000 00

17,472,595 96

Total I 2,140,110,944 7d; 2,270,220,817 76 2,325,832,700 75; 2,358,387,29159 2,381,890,866 85

169,177,557 18368,735 700 0015,715 000 0031,884,000 0062,663,218 93

123,530,465 7577,633,902 7717,644,704 6247,445,050 464,647,101 043,891,728 72

17,337,964 78217,214,627 1024,190,534 00

366,361 52113,680.639 6060,104,387 007,930,000 00

18,097,923 40

1 8 8 2.

Loans and discountsBonds forcirculationBonds for deposits ..TJ. S. bonds on hand.Oth er sto cks an d b' d s.Due from res' ve agt's.Due from nat'l banksDue from State banksReal estate, &c'Current expenses . . .Premiums paid^Casli itemsOlear'g-bouseexeh'gsBills of other banks..Fractional currency.SpecieLegal-tendernotes...U.S. cert's of deposit -Due from U. S. Treas

Total

MARCH 11.


?1,182,601,609 53$367,333,700 00

16,093 000 00!28,523,450 00!64,430, to6 18;

117,452,719 7568,301,4)45 12|15,921,432 0747,073,247 458,494,036 21:3,762,382 59!

13,308,120 70!162,088,077 94;19,440,089 00!

389,508 07j109,984,111 04;56.633,572 009,445.000 00;

17,720,701 07|

2,309,057,088 72;

,189,094,8303C0,153,800

15,920,00029,662,70065.274.999

124,189,94566,88:5,51216.890,17440.956,574

(1774.5715,062,314

12,295,250107,270,09425,226,186

390,236112.415,80665.909,52210,395,00017,099,385

JULY 1.


35$l,208,932,655 92$1... 0 0

00|355,789,550

15,920,00027,242,55066,691,399

118,455,01275,360,97016.344,68846,425,351

3,o::o,4645,494,224

20,166,927159.114,22021.405,758

373,725111,694,26264,019,51811,045,00016,830,407

74!

,243-,203,210357,631,750

16,111,00021,314,75066.168,916

113,277,22768.516,84117,105,46846.537,0667^38,2706,515,155

14,784,025208.3(16,54020,681), 425

390,367102,857,77863,313,5178,645,000

17,101,367

DECEMBER 30.

2,308 b a n k s .

08 $1,230,456,213 9700; 357,047,650 0000| 16,344,000 0000 15,492,150 Or64 66,998,620 ^87 122,066,106 7306! 76,073,227 7«44 18,405,748 49

46,993,408 415,130,505 536,472,585 82

16,281,315 67155,951,194 8125,344,775 00

401,314 7027 106,427,159 4000 68,478,421 00

8,475,000 0017,954,069 42

2,277,924,911 13 2,344,342,086 9o| 2,399,833,676 84 2,360,793,467 09{

1 8 8 3.MARCH 13. MAT 1.

2,343 banks, j 2 375 banks.

JUNE 22.

2,417 banks.

Loans and discounts. $1,•liumls for circulation!1>< nds for deposi ts . . jU. S. bonds on hand.<)t her stocks and b'ds;Due from res've ag'ts;D u e from nat ' l banks!Due from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks .Fractional currency.SpecieLegal-tender no t e s . .IT. S. cert 's of deposit!B u e from U. S. Treas

249,114. £70 43 $1,354,746,500 CO,16,700,000 00|17,850.100 00!68,428.085 67!

121,024.151 60]67.263,503 8G:16.993.3U 72!47,0(53.305 68'8,949,615 28j7,420,9M9 84!

ll,360,73107|107,790,065 1719,739,526 00

431,931 15197,962,366 3460,848,0(58 008,405,000 00

16,726,451 30

OCTOBER 2.

2,501 banks.

202,339,981 87 $1,285,591,902 19 $1,354,480,250 00! 354,002,900 00j16,949,000 0015,870,600 0068,340,590 79!

109,306,823 23(•8,477,918 0219,382.129 3347,155,9u9 80

DECEMBER 31. j

7,754,958 867,798,445 04

15,461,050 16145,990,998 1822,655,833 00

446,318 94103.607,266 3268,256,468 008,420,000 00

17,497,694 31

17.116,000 00!16^978.150 0068,552.073 03

126,646.954 6266i 164,638 2119,451,498 1647,502,ir,3 528,829,278 268,079,726 01

11,109,701 1890,792,075 0826,279,856 00.

456,447 36115,354,394 6273,832,458 0010,685,000 0017,407,906 20

309,244,78164$!351,412,850 00117,081,000 0013,593.050 00,71,114,031 llj

124,918,728 Til65,714,229 44!18,266,275 0548,337,665 026,808,327 308,064,073 60

13,581,049 9496,353,211 7622,675,447 00

443,95112107,817,983 5370,672,997 009,970,000. 00

16,586,712 60

2,529 banks.

307,491,250 34;345,595,800 0016,846,000 0013,151,250 0071,009,421 62

126,990,606 9277,902,785 0719,402,047 1249,540.760 354,87,8,318 448,647,252 98

17,491,804 43134,545,273 9828,809,699 00

427,754 35114,276,158 0480,559,796 0010,840,000 0016,865,938 85

Total 2, 298,918,165 11 2, 360,192,235 85 2, 364,833,122 441 2,372,656,364 S2j 2, 445,880,917 49


REPORT OF THE COMPTROLLER OF THE CURRENCY. I9irBanlcsfrom October, 1863, to October, 1885—Continued.

1§81.

Liabilities.

Capital stock

Surplus fundUndivided profits . - .

Nat'l bank circulationState bank circulat'n


Individual deposits..U. S. depositsDep's U.S.dis. officers

MARCH 11.

2,094 banks.

$458,254,935 00

MAY 6.

2,102 banks.

$459, 039, 205 00

JUNE 30.

2,115 banks.

$460, 227, 835 00

122, 470, 996 73 124, 405, 926 91! 126, 679, 517 97

OCTOBER 1.

2,132 banks .

$463, 821, 985 00

DECEMBER 31.

2,164 banks .

$465, 859,835 0#

54, 072, 225 49] 54, 906, 090 47

298, 590, 802 Oo' 309, 737,193 00252, 765 00| 252, 647 00 242, 967 00

I1, 402,118 43: 2, 617,134 37 5, 871, 595 59

128,140, 617 75 129, 867,493 92:54, 684,137 16; 56, 372,190 92 54, 221, 81*3 1©

312, 223, 352 00 320,200,069 00 325,018,161244, 399 00

3, 836, 445 84

241, 7U1 00

6, 372,737 1&

933, 392, 430 75:1, 027, 010, 514 10 1, 031, 731, 043 42J1, 070, 997,431 711,102,679,163 717, 381,149 25!3, 839, 324 77i

9, 504, 081 253, 371, 512 48

8, 971, 826 73i3, 272, 610 45!

8, 476, 689 743,631,803 41

D u e to national banks! 181, 677, 285 37 191, 250, 091 90 223, 503, 034 19| 205,862, 945 80Due to State b a n k s . . 71, 579, 477 47 80, 700, 506 06 91, 035, 599 65; 89, 047,471 00

i i i

Notes re-discounted.IBills payable I

2, 616, 203 05;4, 581, 231 47!

2, 908, 370 45;4, 493, 544 771

2, 220, 053 02:5,169,128 57 j

3,091,165 304,664,077 12;

8,796,678 \3, 595, 726 8S

197, 252, 326 0179, 380, 429 38

4,122,472 794,482,325 2&

Total 12,140,110, 944 78,2, 270, 226, 817 76J2, 325, 832, 700 75,2, 358, 387, 391 59^, 381,890,866 8&

1 §§2.

Capital stock

Surplus fundUiidivided profits .

Nat'l bank circul atiouState bank circulation


Individual deposits..TJ. S. depositsDep's U.S. dis. officers



MARCH 11.

2,187 banks.

MAY 19.

2,224 banks.

JULY 1.

2,239 banks.

OCTOBER 3.

2,269 banks.

DECEMBER 30.

2,308 bankflv

$409, 390, 232 00J $473, 819,124 00 $477,184, 390 00̂ $483,104, 213 00 $484, 883,492

130, 924,139 661 129, 2:-?3, 358 24,' 131, 079, 251 16 131, 977, 450 77! 135, 930, 969 8160, 475, 764 98

323,651,577 00241, 527 00

1, 418,119 12;

C2, 345,199 19 52,128, 817 73 61,180, 310 53' 55, 343, 816 94'

315, G71, 236 00; 308, 921, 898 00! 314, 721. 215 001 315, 230, 925 00241,319 00; 235,173 00; 221,177 00 j 207,273 0©

1, 950, 554 88; 0, 634, 372 20 3,3 53, 836 30' 6, 805, 057 82

1, 036, 595, 098 2011, 001, 687, 693 74 1, 060, 707, 248 75 1,122, 472, 682 461, 066, 901, 719 858. 8515, 242 16'\. P.72, 303 96

9, 741,133 36'3, 493, 252 88

9,817,224 44!, 807, 385 63

8,817,411 21 9,622,303 5§3,627, 846 72 3,786,262 20 ••

Total

187, 433, 824 90i 192. 087, 805 26; 194, 80S. 025 46 180, 075, 749 77i 194, 491, 200 6078,359, 675 85| 78,911,787 20: 84,066'023 66 79,885,652 22 77,031,165 82

3, 912, 992 384,428,531 5.11

3, 754, 044 38:b[ 008, 343 001

4,195, 210 995, 637, 605 88

5,747,014 684. 848, 517 18

0, 703,164 4$-3, 850, 056 54

2, 309, 057, OSS 72J2, 277, 924, 911 13 2, 344, 342, (ISO 90 2, 390, 833, 076 842, 360, 703, 467 09"

1 § 8 3 .

MARCH 13. ! MAY 1. I JUN& 22. I OCTOBER 2. I I»K( EMUER 31.. i I i ... ..... j2,343 banks. 2,375 banks, i 2,417 banks, j 2,501 banks. 2,529 banks.

Capital stock.


Nat'l bank circulationState bank circulation

Dividends unpaid

Individual deposits..

$490,456,932 00J $493,963,069 00 $500,298,312 00i $509,699,787 00

136,922,884 44; 137,775,004 39! 138,331,902 06 141,991,789 1859, 340, 913 64! 60, 739, 878 85; G8, 354,157 151 61, 560, 652 04

$511, 837, 575 00

144, 800, 252 1358, 787, 945 91

312, 778, 053 00; 3J3, 549, 993 00! 311, 903, 302 00, 310, 517, 857 00 304, 944,131 00206, 779 00

1, 389, 092 96

19d, 162 00J

2, 849, 629 871

180, 253 001 184,357 OOj • 181,121 00

1,454.232 01; 3,229,226 31! 7, 082, 682 28

TJ. S. depositsDep's U. S. dis. oflicers



1, 004, 111, 400 55 1. 007, 902,238 35 1, 043,137, 763 l l j l , 049, 437, 700 57 1,106, 453, 008 239,013,873 33! 11,624,894 57 10,130,757 88 10,183,196 95! 10,026,777 793, 787, 225 311 3, 618,114 79 3, 743, 326 56 3, 980, 259 28J 3, 708, 862 04

191, 296, 859 14J 180, 445, 870 92 194,150. 076 43; 186, 828, 076 27 200, 867,280 Off80,251,968 26! 78,544,128 82 84,744,(360 35: 83,602,073 0l[ 84,776,42160'

Total.

5,101, 458 69,3, 660, 724 79,

5, 557,183 693, 364, 061 60

5,197, 514 12:3,137, 259 77;

7,387, 537'40 8, 248, 562 6T4,053,252 81; 4,106,297 78

2, 298, 918,165 112, 360,192, 235 85 2, 364, 833,122 44 2, 372, 656, 364 82.2,445, 880,917 4£>




1884.

Resources.

Loans and discounts.Bonds for circulationBonds for deposits . .U. S. bonds on hand . .Other stocks and b'dsDue from res 'veag ' t sDue from nat ' l banks IDue from State banks'Real estate, &cCurrent expenses . . .Premiums paidCash itemsCl'g-house loan cert 'sClear'g-house exch'gsBills of other b a n k s . .Fract ional currency.SpecieLegal-tender notes . .IT. S. cert 's of deposit .Due from U. S. Treas.

[MARCH 7.

2,563 banks .

$1,321,548,289339, 816, 150

16, 850, 00018,672,25073. 155, 984

138, 705, 01264, 638, 32217, 937, 97649,418, 805

7, 8i:i, 8809, 742, 601

11, 383, 792

APRIL 24.

2,589 banks.

62 $1,333,433,23000 337, 342, 90000' 17,135,00000 15, 560, 40060 73,424,81574( 122, 491, 95758 68, 031, 20935 18, 145, 82702 49, 607,12656' 8, 054, 29642! 9, 826, 38057; 11 237, 975

68, 403, 37323,485, 124

491, 067122, 080,127

75, 847, (J9514, 045, 00016,465, 785

30! 83,531,47200 26, 525, 12076 489,80233 114,744, 70700 77, 712, 62800| 11,990,00066 17, 468, 976

JUNE 20.

2,625 b a n k s .

54 $1,269,862,935334, 346, 350

17, 060, 00014,143, 00072, 572, 30695,247,15264, 891, 67016, 306, 50050, 149, 0838, 866, 55810, 605, 34311, 382, 29210, 3:55, 00069,498,91323, 38<), 695

473, 046109, 66',68276,917,212

9, 870, 00017, 022, 999

96$l,245,294,093 37 $1,234,202,226 44

SEPTEMBER 30.

2,664 b a n k s .

327, 435, 00016, 840, 00013, 579, 60071, 363, 477111, 993, 01966, 335, 54415, 833, 98249, 900, 8866, 913, 508

11, 632, 63113, 103, 098

1, 690, 00066,257,11823, 258, 854

469, 023128, 609, 474

77, 044, 05914, 200, 00017, 739, 906

DECEMBER 20.

2,664 banks .

317, 586, 050 0C16, 740, 000 0(12,305,900 0C73, 449, 352 01

121,161, 976 8069. 459, 884- ^18, 329, 912 0149, 889, 936 Ofl

9, 670, 996 1411,923,447 1311, 924,152 80

1, 870, 000 0075,195, 955 9i22, 377, 965 0(2

456, 778 26139, 747, 079 53?

76, 369, 555 0019, 040, 000 0Q15, 442, 306 52

Total 2, 390, 500, 638 51 2, 396, 813, 834 922, 282, 598, 742 96 2, 279, 493, 880 07 2, 297,143, 474 27

18 8 5.

Resources.

Loans and discountsBonds for circulationBonds for depositsII. S. bonds on handOther stocks and bondsDue from reserve agentsDue from national banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash items•Clearing-house loan certif't's.Clearing-house exchangesBills of other banksFractional currencyTrade dollarsSpecieLegal-tender notesU. S. cert's of depositDue from TJ. S. Treasurer

Total

MARCH 10.

2,671 b a n k s .

1, 232, 327, 453 69313,10(5, 2i>0 00

16, 815, 000 0014,007,650 0075,152,919 35

130, 4(32, 273 266D, 442, 054 8717, 572, 822 6549,899,501 42

7, 877, 320 2712, 330, 437 6011, 228, 856 82

1, 530, 000 0059,085,781 9922,013,314 00

519, 529 96

167,115,873 6771,017,322 0022, 760, 000 0015, 079, 935 80

2, 312, 744, 247 35

MAY 6.

2,678 b a n k s .

$1,241,450,649 79312,168,500 00

16,740,000 0014, 76!), 250 0075,019,208 99

130, 903, 10:$ 7767, 866, (156 5717,348,938 1149, 886, 378 87

7, 096, 268 0612, .S58, 982 7011,276,626 48

1, 430, 000 0072,259. 129 3926, 217,171 00

513,200 12

177,433,119 3077, 336, 999 0019, 135,000 0015, 473, 270 84

2,346, 682,452 99

JULY 1.

2,689 b a n k s .

51, 257, 655, 547 92310, 102,200 00

17, fi07, 000 0014, 588, 800 0077, 249,159 42

132, 733, 904 3477, 220. 972 2917, 180, 008 4650, 729, 896 08

3, 533, 759 4912, 690, 663 4117, 214, 373 52

1, 380, 000 00113,158, 675 32

23, 465, 388 00489,927 18

177, 612, 492 0279,701,352 0022,920,000 0014, 617, 897 02

2,421, 852, 016 47

OCTOBER 1.

2,714 b a n k s .

$1, 306,143, 990 4Q307, 657, 050 00

17,457,000 0014, 329, 400 0077,495, 230 2a

138, 378, 515 1578, 967, 697 8617, 987, 891 4451,293,801 16

6, 853, 392 7212, 511, 333 4114, 347, 579 53

1,110,000 0084, 926, 730 7Q23, 062, 765 00

477,055 17;1, 605, 763 6S

174, 872, 572 54!69, 738,119 0018, 800, 000 0014, 897,114 24

2, 432, 913,002 38



Banks from October, 1803, to October 1, 1885—Continued.

1 8 8 4 .

199

Liabilities.

Capital stock

Surplus fund IUndivided profits i


MARCH 7.

| 2,563 b a n k s .

| $515,725,005

145, 741, 67963, 644, 861

298,791,610180, 589

APKIL 24.

2,589 banks

00! $518,471,844

JUNE 20. | SEPTEMBER 30.

, ! 2,625 banks, j 2,664 banks. |_ . .| ! |00J $522, 515, 996 oo| $524, 271, 345 00 j

70, 597, 48790 146,047,958 07 145,763,41656', 07, 450, 459

OOJ 297,506,24800! 180,576

) 00

00j 295.175, 334OOj 179,666

17 i 147, 055,21; 63,234,

J

037 85.237 62:

! 00

D i v i d e n d s u n p a i d . . . . 1,422,90191; 1,415,889 58: 1,384,686 71

001 289, 775,123 00,— 653 ()0!179,1

3, 686,160 33

Individual deposits ..U. S. deposits |Dep'tsILS.dis.officers

Due to national banksDue to State banks .. :

iNotes re-discounted..;

Bills payable !Cl'g-liouse loan cert's :

1, 046, 050,1679, 956, 8753,850,461

207, 461,17988, 466. 363

6, 234, 2022, 968, 740

901, 0G0, 778, 38824i 11, 233, 49506: 3,588,980

63 192, 8G8, 942S9 86, 778,138

32i 7, 299, 28450; 3, 193, 635

|

06: 979, 020, 349771 10, 530, 75950; 3 ,664,326

31J 155, 785, 35485 70, 480, 617

\58, 11, 343, 50520! 4, 262, 244

| 11, 895, 000

975, 243,10, 367,

3, 703,

173, 979,72, 408,

11, 008,4, 580,

795 14909 92804 34J

149 SO'206 85:

595 07,862 15,

DECEMBEB 20.

2,664 bank*.

$524, 089, 065 00

146,867,119 0670, 711, 369 95

280,197,043 00174, 645 00

1, 331, 421 54

987, 649, 055 6810, 655, 803 723, 749, 969 85

187,296.348 3072, 572, 384 43

8, 433, 724 673, 415, 524 07

Total % 390, 500, 038 51;2, 396, 813, 834 92 2, 282, 598, 742 96 2, 279, 493, 880 07 2, 297,143, 474 27

1885.

Liabilities.

Capital stock

Surplus fundUndivided profits .National bank circulationState bank circulationDividends unpaid ..

Individual depositsU. S. deposits

MARCH 10,

2,671 banks.

MAY 6.

2,678 banks.

JULY 1.

2,689 banks.

Dep'ts U. S. disbursing officers!

Due to national banksDue to State banks

Notes re-discounted .

Bills payable

Total

$524, 255,151 00 $525,195, 577 00 | $526, 273, 602 00

145, 907,60, 296,

274,054,162,

800 02 i452 56 !

157 00581 00

145,103,60,184,

| 273,703,I 144,

776 01358 12

047 00498 00

1, 301, 937 73 2, 577, 236 08

996,501,11, 006,

647 40919 47

3, 039, 646 40 j

1, 035, 802,11, 690,

188 56707 52

3, 330, 522 70

205, 877,82,190,

6, 299,

1, 850,

203 09567 43

722 15

462 10

2, 312, 744, 247 35

199, 081,81, 966,

5, 736,

2,167,

104 40092 25

012 02

333 33

2, 346, 682, 452 99

146, 523,52, 229,

269,147,144,

799 94946 61

690 00489 00

6, 414, 263 98

1,106, 376,10, 995,

516 80974 68

203, 932,

88, 847,

5, 864,

2, 074,

800 05454 78

000 85 '

259 76 I

OCTOBER 1.

2,714 b a n k s .

3, 027, 218 02 I

$527, 524, 410 00

146, 624, 642 0659, 335, 519 11

268, 869, 597 00136, 898 00

3, 508, 325 38

1,102, 372, 450 3511, 552, 621 98

2, 714, 399 37

213, 534, 905 0886,115,061 25

8, 432, 792 64

2,191, 380 16

2, 421, 852, 016 47 2, 432, 913, 002 96


ABSTRACTOF

liBPORTS OP THE CONDITION

OF

THE NATIONAL BANKSON

DECEMBER 20, 1884, MARCH 10, MAY 6, JULY 1, AND OCTOBER 1, 1885.

Arranged by States, Territories, and Reserve Cities.

NOTE.—The abstract of each State is exclusive of any reserve city therein.

201



Abstract of reports since September 30, 1884,

MAINE.

Resources.DECEMBER 2 0 . > MARCH 10 . MAY 6.

!...._.. .... _ • _ _

71 banks. 71 banks. ' 71 banks.

JULY 1.

71 banks.

Loans and discounts.Bonds for circulation.Bonds for deposits . .U. S. bonds on band. .Other stocks and b'dsDue from res've ag'ts.'.Due from nat ' lbanksDue from State banksSeal estate. &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks"..[Fractional currency.Trade dollarsSpecie . -Legal-tender notes . .U. S. cert's of deposit.Due from U. S. Treas.

$17, 377, 324 26 !8, 892, 300 00 !

170, 000 00 ;

22, 500 00 ;612, 380 98

1, 910, 755 33376, 880 9620,941 22

543, 281 3309,843 60 ,

200,065 85225, 780 02

59, 21.6 26347, 524 00 i

3, 646 65 i

$16, 742, 572 448, 809, 300 00

170,000 0022,500 00

616,821 782,169,471 72

368, 790 907,641 02

538, 992 5547,184 39

197,183 61221,103 98104,514 63265, 609 00

3, 376 96

8, 809,170,

21,713,

2, 027,308,

18,530,

57,189,194,

81,330,

3,

143 95300 00000 00300 00,i97 89711 76072 67522 39731 36278 70885 40154 69488 51551 00494 46

$16, 871, 587 968, 809, 300 00

170,000 0020, 300 00

805, 741 391, 967, 566 39

406, 776 8113,169 51

535,126 6524,466 66

187, 013 80234,709 67110, 690 41328, 625 00

5, 418 58

OCTOBER 1.

71 banks .

641,132 37180,747 00

Gil, 738 47192,560 00

612,157 23 i177,460 00 !

630,198 83237, 602 00

$16, 604,8, 709,

170,24,

751,2, 840,

607,19,

521,51,

184,270,124,369,

2,

670,182,

265 52300 00000 00650 00130 60334 70581 37314 05809 01181 35019 55604 64319 55040 00894 73339 80348 15196 00

407, 053 50 | 409, 318 50 409, 418 50 I 430, 718 50 , 487, 218 50

Total ! 32, 061, 373 33 ; 31, 498, 679 98 31, 556, 068 51 i 31, 789, 012 16 32, 590, 547 §2

NEW HAMPSHIRE.

48 banks .

Lo ans and discounts jBo nds for circulation !Bonds for deposits -. |U. <ij. bonds on hand..!Oth er stocks andb'dsjDue from res've ag'ts IDue from nat'l banks IDue from State banks'Real estate. &c ;Current expenses....!Premiums paid jCash itemsClear'g-house exch'gs .Bills oi oilier banks.. jFractional currency . jTrade dollars LSpecie iLegal-tender notes ..'U.S. cert's of deposit. j .Due from U.S. Treas .i

$8, 353,5, 815,

372,14,

1, 394,1, 263,

58,22,

180,58,

177,139,

301 75000 00000 00100 00220 57057 15779 72309 67108 22169 97623 70424 19

48 banks . j

$8,177, 857 71 !5, 800, 000 00 !

372, 000 00 |14,750 00 !

1, 386, 773 151, 244, 284 93

57, 776 5955, 337 05

174, 756 4554, 608 06

193,140 60106,157 45

48 banks . i

$8, 292, 611 96 I5, 800. 000 00 '

372| 000 00 j13, 350 00 ;

1, 312, 693 74 •1, 303, 952 84 |

85, 346 48 '68, 966 49

173, 874 1441,771 67

188, 859 13114,296 25

48 banks .

$8, 284, 316 175, 800, 000 00

372, 000 0013, 350 00

1, 394, 744 751, 429, 740 04

89, 486 5050, 942 05

177, 017 5324, 540 10

203, 383 75183, 271 74

48 banks .

229, 424 00 .6, 955 73

231,052 006,338 66

222, 587 00 |5, 903 06 ;

267, 800 006, 644 71

235, 964 21115,837 00

252, 276 72105, 449 00

242, 434 97113, 242 00 ,

248,250 57117,374 00

$8, 371, 374 045, 800, 000 00

372, 000 0015, 200 00

1, 522, 334 161, 740, 889 70

139, 529 9741,132 45

181, 769 5252, 201 97

201,031 11165, 046 87

236, 834 006,577 15

105 00282, 996 08139, 469 00

268, 750 00 267, 275 00 267, 075 00 j 285, 375 00 260, 475 00

Total i 18, 705, 025 88 18, 499, 833 37 j 18, 618, 964 93 | 18, 948, 236 91 19, 528, 966 02

VERMONT.

Loans and discounts.Bonds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U.S. Treas.

Total

50 banks.

$11,397, 7436, 463, 500

50, 00068, 650

900, 3551, 019, 339

169, 68319, 002

276, 92757, 91592, 66146, 765

140, 9043,262

248, 221184, 689

279,994

21, 419, 617

670000001372497491920864

0090

6r»00

50

35

50 banks .

$10, 327. 260 626, 256, 000 00

50, 000 0075,150 00

877, 989 491,021,750 95

124, 975 7013, 342 39

214, 986 2725, 769 71

113,179 0848,778 67

136, 3i3 004, 361 85

267, 583 65161,873 00

257, 329 50

19, 976, 643 88

48 banks.

$10, 240, 2636,126, 000

50, 000122, 700848,461879, 407167, 032

5,998210, 95647, 955

136, 40474, 729

151, 4324,267

272,272166, 550

252, 229

19, 756, 662

590000004443914699'21679?

0090

0700

50

09

48 banks .

$10, 206,7646,142, 500

50, 000217, 750902, 771

1,104, 694187, 30035, 726

211, 66418, 400

151, 52281, 880

180,1333,082

293 551151, 564

264, 622

20, 203, 927

140000006624335516107960

0050

1000

50

67

47 banks .

$10, 589,150 836, 017, 500 00

50, 000 00232, 350 00931, 044 89977, 996 78185, 893 38

26, 009 59216, 559 26

35, 594 90154, 698 96

79 720 27

122, 596 003, 255 024 595 80

308 307 24156, 953 00

287, 347 50



arranged by States and reserve cities.

MAINE.

!Liabilities.

Capital stock : •

Surplus fundUndivided profits....;


Dividends unpaid

Individual deposits . -XX. S. depositsDep'ts U.S.dis.ofneers

Dv.c to national banks

Due to State banks-..

Notes re-discoriiited..Bills payable

Total '•

Capital stock

Surplus fundUndivided profits .



Individual deposits ..U. S. deposits ,Dep'ts U. S. dis. office rs;

Due to national bank si

Due to State banks...

Notes re-discounted..Bills payable .»

Total

Capital stock



Dividends unpaid . . . 1

Individual deposits. -.'U. S. depositsDep'ts U.S.dis.officers;

Due to national banks

Due to State banks

Notes re-discounted .:Bills payable

Total 1

DECEMBER 20.

71 banks.

$10, 360, 000 00

2,443,544 721,405,413 21

7, 844, 170 001 427 00

38,611 57

8, 907,147 8573, 878 6156/213 87

693. 591 39

] 64-, 011 01

73,364 3 0

32,061, 373 33

N E

48 banks .

$6,105, 000 00

1,193,316 76656,791 47

5, 122, 238 006, 838 00

17,313 53

4, 682, 832 47228, 978 37100,560 81

358, 689 88

206, 456 49

18,010 108, 000 00

18, 705, 025 88

50 banks .

$8, 053, 000 00

1, 626, 485 21789, 909 47

5, 731, 892 003, 500 00

9, 234 63

4,821,597 3133, 560 6410,427 38

173,813 15

37,106 64

107, 979 9921,110 93

21,419,617 35

1 MAIICH 10.j; 71 banks .

i $10, 360, 000 00

2,460,665 J5: 1,093,707 12

7, 729, 337 00

48, 505 98

> 9, 132, 727 8978, 361 4760, 668 07

341,645 77

151,061 53

42, 000 00

31,498,679 98

W HAM

48 banks.

$6, 105, 000 00

1,195,189 54576, 027 62

5, 108, 256 006,838 00

18, 276 59

4, 415, 333 45193, 964 74121, 359 03

365, 686 05

372,579 96

13, 622 39! 7, 700 00

: 18, 499, 833 37

MAY 6.

71 banks .

$10,360,000

2, 464, 2531,159,646

7, 797, 819

65, 698

8, 944, 58478, 60373, 280

484, 021)

88,153

40, 000

31, 556, 068

P SHIR

48 banks .

$6,105,000

1, 187, 832584, 849

5, 113, 5706, 838

35, 807

4, 624, 045217, 78'̂103, 928

308, 661

320,140

10, 510

18,618,964,

VERMONT.

50 banks .

• $7,671,000 00

! 1, 511, 840 24i 478 200 47

5, 509, 808 003, 500 00

14,761 17

4, 535, 747 47' 37,150 49

6, 769 91

\ 94, 057 26

34, 595 95

1 58,101 9921,110 93

1 19, 976, 643 88

48 banks.

$7, 531, 000

1,477,010578, 497

5, 437, 5183, 500

11, 004

4, 381, 08542, 783

5, 962

141, 284

56, 382

69, 52221,110

19, 756, 662

00

19

00

58

124061

83

41

00

51

E

00

1499

0000

09

156216

05

73

00

93

00

6026

0000

63

501591

56

21

3493

09

JULY 1.

71 banks .

$10, 360, 000

2, 481, 306977,810

7, 797. 294

263,419

9,144, 27173, 91666,192

450, 234

123, 254

50, 0001,312

31, 789, 012

48 banks .

$6,105,000

1,216,855499, 095

5,125,8106, 838

96, 517

4, 833, 418236, 822

88, 059

323, 441

395, 361

12, 9138,102

18, 948, 236

48 banks .

$7, 551, 000

1,485,105436, 777

5, 419, 2033,500

93, 864

4, 870, 53435, 4937,604

140, 753

94,178

51, 52114, 39Q

20, 203, 927

00

1509

00

58

627985

19

89

0000

16

00

9905

0000

65

617547

93

66

2258

91

00

7497

0000

38

973124

29

27

9654

67

OCTOBER 1.

71 banks .

$10,360, 000

2, 486, 2171,142,139

7, 683, 079

79, 426

10, 095, 49585, 01857, 491

442, 044

114r 532

45,103

32, 590, 547

48 banks .

$6,105, 000

1, 220, 425581, 752

5,149, 0456,838

30, 780

5, 425,196234, 606106,710

326, 554

328, 056

14, 000

19, 52fe, 966

47 banks.

$7, 541, 000

1, 473, 839501, 204

5, 355, 9133,500

13, 284

5,154, 30836, 72012, 943

151,316

63,139

62, 8949,509

20, 379, 573

00

9404

00

17

198511

56

48

10

"if

00

8604

0000

81

2*.7143

34

60

00

02

00

4203

0000

3»

U6197

13

21

8SS3

43Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Abstract of reports since September 30, 1884, arranged

MASSACHUSETTS.

Resources.DECEMBElt 20.

195 banks.

Loans and discountsBon ds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'lbanks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..TJ. S. cert's of depositDue from IT. S. Treas.

$82, 898, 870 2039, 831, 350 00

300,000 00386,950 00

3, 732, 902 578, 048, 929 29

869, 860 3785, 336 88

2, 046, 362 27542, 499 33

1,180, 155 72677,218 4333,652 12

1,149, 235 CO34,175 33

MARCH 10.

195 banks .

1,931,291 851,478,722 00

165, 000 001, 807, 843 73

$82, 608, 208 9039, 228, 350 00

300, 000 00249, 950 00

3, 981, 504 558, 755, 246 631, 114,184 13

138, 390 502, 002, 696 65

592,444 591,173, 087 08

689,418 7140, 822 48

1, 188,343 0038,256 93

MAY 6.

195 banks.

$83, 568,39, 094.

• 300,267,

4, 293,8, 973,

706,131,

1,998,201,

1,119,696,

29,1,251,

33,

226 94350 00000 00550 00219 58745 93251 52116 72611 57984 85300 63743 79465 22022 00179 06

JULY 1. OCTOBER 1.

195 banks.

$33, 000, 007 3038, 749, 350 00

300, 000 00270, 950 00

4,416,318 069, 306, 905 50

695, 644 53136, 950 71

2,026,823 09209, 936 28

1,120,653 00983, 402 4479,113 15

1,231,021 0029, 785 68

195 banks.

2,054,319 47 ;1,488,443 00 !

155, 000 00 :1,810,385 00 I

2, 069, 225 88 j1, 512, 343 00 i

165,000 00 i1,783,499 00 I

2,256,383 161,507,987 00

170,000 001, 748, 448 75

Total 147, 200, 355 09 117, 609, 051 62 148,194, 835 69 | 148, 239, 679 65

$86,172, 243 6438, 606, 850 00

350,000 00249, 500 00

4, 357, 382 998, 528, 991 69

846, 487 73183,497 23

2, 048, 992 41257, 033 75

1,120, 747 33897, 484 65

66, 984 031, 379, 501 00

31, 626 7915, 215 75 S

2, 438, 310 74 j1, 672, 817 00 i

175,000 00 !1,791,626 40

CITY OF BOSTON.54 banks. 54 banks 54 banks.

Loans and discounts $117, 388, 982 92 |$114,Bonds for circulation ! 26,606,150 00 1 25,Bonds for deposits .. j 175, 000 00 [U.S. bonds on hand..; 70,800 00 IOther stocks and b'ds! 2,276,917 68! 2,Due from res' ve ag'ts I 10, 037,135 92 I 14,Due from nat'l banks. I 9,084,695 45! 7,Due from State banks 706, 4u4 84 !Real estate, &c 3, 007, 972 09 j 2,Current expenses 742,923 35 1,Premiums paid I 782, 970 33 jCash items \ 380, 471 50 I

.Clear'g-house exch'gsj 6, 421, 272 89 | 0,Bills of other banks..! 1, 967, 748 00 ; 1,Fractional currency .1 11, 778 79 iTrade dollars j ,Specie j 7, 93G, 418 48Legal-tender notes ..) 3, 912, 020 00U. S. cert's of deposit. j 1, 335, 000 00Due from U. S. Treas | 1, 596,152 82

829, 830 89876, 150 00175,000 0071, 200 00538,223 91102, 248 43665,931 29305, 855 94972.825 63159,011 96738, 094 05WO.] 46 14477, 322 82582, 394 0011,111 91

$116,25,

8,386,727 103,452,339 001, 395, 000 001,278,551 75

925, 654694, 650175, 00072, 550890,122222, 650651,671525, 072976, 522178, 49271(5,904333, 304822, 949745, 008

7, 899

54 banks.

7200000025 i80 !60 !13644408

170086

$122, 729,25, 559,

175,203,

3, 008,13,547,9, 823,

415,2, 975,

430,817,

1, 005,11,344,2,103,

9,

511 49650 00000 00250 00541 53054 86298 94190 34795 58918 59587 62329 31025 65743 00677 60

Total j 194, 466, 815 08 193,397,964 82

650, GGG376, 482780, 000305,191

77 | 8,978,00 i 3,949,00 1 1,395,75 ! 1,155,

450 12267 00000 0034* 25

151,190,29 131

54 banks .

$125,331,305 3524,614, 650 00

175,000 0046,400 00

3, 031, 823 7513, 931,112 8610,154, 928 37

243,996 142, 972,149 53

27, 379 02874,438 83649,521 05

9, 558, 723 202,034,077 00

7, 805 66397 00

8, 960, 565 173, 542, 498 001,185, 000 001,154, 071 75

197, 051, 392 209, 626, 640 88 | 208,495, 842 68

R H O D E I S L A N D .

63 banks. 63 banks. 62 banks.

Loans and discounts.Bonds for circulationBonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes .V. S. cert's of depositDue from U. S. Treas

$30,641, 179 9713, 820, 400 00

150,000 00 ;152,400 00 |

1, 353, 381 78 i2, 289, 798 31 ;

775, 694 60 !68,419 43

798, 846 98129, 494 36 j435, 969 71 I163, 245 40 :

312,390 04 I378,111 00 '11,463 96

$30, 524,13, 820,

150,152,

1, 392,2, 138,6*8,•it,738,120,4O.i,146.266,304,

13,

144 93 !400 00 ;000 00 i800 00 ;

354 47 i567 27 '.•214 19 I901 10 !

423 42169 43874 71485 67684 26052 00096 37

$30, 238,13, 627,

150,153,

1,447,2, 629,

518,56,

700,121,405,136,266,355,

13,

892 51400 00000 00750 00779 38834 21064 00559 09548 86238 43973 51687 52765 64094 00250 99

61 banks . 61 banks .

$30, 213, 623 9813, 595, 400 00

150,000 00153,650 00

1, 416, 464 39 j2, 538, 637 23 i

572, 712 32 !29, 244 03 j

674, 605 87 !81,375 20 I

428,154 89178,936 74714, 259 25314, 829 00

13, 634 56 i

445, 706 04 :

505, 529 00489,253 54489, 187 00

473, 197496, 374 00

- I •490, 909 87 |458,430 00 j

$31, 002,13, 595,

150,251,

1,466,2, 359,688,37,686,109,436,144,298,356,11,

565,493,

630 77400 00000 00200 00008 69941 96465 31519 44020 83684 05760 95191 72659 22239 00068 45319 00457 43667 00

643, 935 27 570, 890 00 ; 636, 640 00

Total 53, 075, 965 85 | 52, 455, 498 36 ; 52, 428, 049 37 52, 720, 442 33

695, 565 00 637, 715 00

53, 290, 948 82


REPORT OF THE COMPTROLLER OF THE CURRENCY. 2 0 5

by States and reserve cities—Continued.

MASSACHUSETTS.

Liabilities.DECEMBER 20.

195 banks.

MARCH 10.

]05 banks.

MAf 6.

195 banks.

Capital stock ! $45, 677, 500 00 j $45, 667, 500 00 j $15, 217, 500 00

Surplus fund ! 13,649,123 6 1 ! U 592, 155 35 I 13,473,837 02 ;Undivided prof i t s . . . .j 4, 497, 302 31 ! 4, 9:7, 008 52 , 3, 980, 7S;3 28 ;

JULYl. [

! 195 banks.

; $45,117,500 00

13, 524, G22 47 !4,150,393 57 !

OCTOBEK 1.

195 banks.

$45, 095, 650 00

13,51.5,902 183,531,604 11

!Nat'l bank circulation] 35,151,022 00State bank circulation \ . . . . . .

Dividends i n l a i d . . .

34,499,177 00 , 34, 550, 8J4 00 j 33,954,039 00 34,200,534 00

114,694 74 107, 177 94

n pXT. S. depos i t s . . .I>ep'tsU.S.dis.otHcersj

Individual deposits . i 44,713,969 7 4 ; 40,232,755 84— - - •• 210,223 81. j 213,760 72

42, 669 78

1,872,068 63

120, 167 2G

299,010 5845, 000 00

p j 29,056 20 I

Due to national banks! 2,256,74! 85 \

Due to State b a n k s . . . j 132, 226 09 \

Notes re-discounted..Bilks payable

578, 494 74190,000 00 i

205, 582 47 ;

48, 474, 915 94212.55!) 88

43, 000 97

1, 664,149 13

158, QoC) 07

170, 990 33 -33, 000 00 ;

378,343 i'S •

49, 132, 964 05238, 547 52 :

16,187 17 ;

1, 337, 004 21 I

265, 214 06 i

81. 000 00 !43, 263 62 !

70J, 574 4i

51,715,367 00259, 377 38

10,349 62

1,612,300 62

214,582 72

153, 945 5189, 525 55

Total j 147, 200, 355 09 I 147, 609, 051 62 | 148, 194, 835 69 | 148, 239, 679 65 | 151,190, 293 13

CITY OF BOSTON.

54 banks. 54 banks. j 54 banks.

Capital stock $50, 950, 000 00

Surplus fund ! 11, 418, 270 35Undivided profits . . . . i 3, 366,106 71

Nat ' l bank circulation 23, 301, 482 00State bank circulation

$50, 950, 000 00 ! $50, 950, 000 00

11, 324, 141 374, 596,112 41

11,345,536 892, 787, 718 25

54 banks. ]

$50,950,000 00 ;

11,345,536 893,568, 185 03

54 banks. %

$50, 950, 000 00

11,416,551 462, 397,141 82

Dividends unpaid ; 51, 337 81

Individual deposits . . j 70, 812. 461 44IT. S. deposits i 106, 227 70

Dep'tsU.S.dis.officersi 29,424 96

Due to national banks! 27, 101, 674 96

Due to State banks. . .Notes re-discounted. -Bills payable

0,904,829 15

"425," 666" 66"

22,957,375 00 j 22,505,170 00 j 22,379,171 00 j 21,716,837 00

36, 389 06 I

70,142, 264 22 |103,653 51 i26,427 21 !

100,636 80

74, 707, 502 60 i113, 154 51 !22, 750 71

62, 096 55 :

81, 075, 250 34 I110, 945 30 i

17, 840 55 j

25,989,442 98 | 25,336,780 69 i 30,560,153 01

7, 154, 719 48 j 8, 762,142 08 I 9, 555, 466 61

1,111,741 05

80, 326, 965 06110,209 14

18,188 86

30, 512, 185 00

9,933,273 20

1.17, 439 58 i 420, 000 00 ; 1, 995 00 2,750 00

Total ' 194, 466, 815 08 li>3f397,904 82 197,051,392 53 ! 209,626,640 88 | 208,495,842 63

RHODE ISLAND.

63 banks. \ 63 banks. : 62 banks. 61 banks.

Cap tals tock \ $20,540,050 00 ! $20,540,050 00 j $20, 485, 050 00 j $20,340,050 00 j

Sir plus fund. 4,021,095 66 ! 4,020,229 84! 4, 01"!, t>02 3S jI plus fund .; 4, 021, 09;> 66 ! 4, 0̂ *5, 229 <S4 i 4, 011, t>02 38.divided profits j 1,710,289 H8 j 1, 4U5, 906 49 \ 1,430, 187 08

Nat ' l bank circulation! 12, 310, 203 00State bank circulation; 8, i,5S 00

Dividends unpaid.. . . .\ 81,907 59

Individual deposits . . | 11,422,794 44 |IT. S. deposits'. ! 37, 4C4 20 jDep'tsU.S.dis.ofticersj 68,055 72 j

Due to national banksi 1,982,832 03 i

Due to State banks . .; 892, 615 03 !

Notes re-disco anted.Bills payable

12, 180, 8(53 00 !7, 001 00 ;

92, 000 82 ••

11,077,368 58 i47, 247 14 j84,180 72 j

1, 307, 358 07 ;

726, 512 70 !

[•}. 085, 574 00 i2, 7<S5 00 j

132,007 87 \

12, 069, 262 68 |40, 835 36 j94, 750 47 |

1, 054, 71S 00 i

1, 035, 260 53

3, m:\ 833 06 jJ,207, 580 55 ;

12,019,234 00 |2, 795 00 |

243, 592 31 \

12, 586, 98 L 15 I32. M:> 08 ;

107, 188 45 i

1,281, 192 31 i

945, 400 42 '

61 banks.

$20, 340, 050 00

3, 954, 823 931,268,468 69

12,056,177 002,790 00

190,513 57

13, 096, 232 4971.092 0657, 589 25

1,315,925 88

937, 285 95

Total 53, 075, 965 85 j 52, 455, 498 36 52, 428, 049 37 j 52, 720, 442 33 53, 200, 948 82



Abstract of reports since September 30, 1884? arrangedCONNECTICUT.

Resources.DECEMBER 20.

88 banks.

Loans and discounts !Bonds for ciiculation |Bonds for deposits . . i(J. S. bonds on hand. .!Other stocks and b'dsjDuefromres'veag'ts !Due fromnat ' lbanks. |Due from State banks jReal estate, &c jCurrent expenses.... jPremiums paid jCash items •Clear'g-house exeh'gslBills of other banks.. \Fractional currency ITrade dollars. jSpecie jLegal-tender notes .. j

sit.;L'reas i

$40, 480,18, 310,

360,163,

2, 678,4, 679,2, 006,

275,1, 505,

283,515,385,194,714,15,

U. S. cert's of depositDue from U. S. Treas

025 27100 00000 00450 00909 41244 03890 69030 13900 12904 53698 40977 74801 70181 00723 47

MAUCH 10.

87 banks.

\ $40, 346, 387 2018, 252, 100 (JO

360,000 00268,300 00 ]

2,716,284 94 i5,817,399 41.

! 2,223,624 31216,437 21

1, 455, 280 79 :172,037 63542,1)96 73474, 619 24207, 008 33787, 401 0017, 897 70

MAY 6.

87 banks.

$40, 242,199 9718,240,100 00

360, 000 00271,450 00 ;

2, 759, 474 366, 369, 524 151,950,872 09 j197,488 17 ;

1,446,947 61 j248,976 41 :543, 692 63 i384,211 26187, 242 44 !937, 829 00 j14,472 72

JULY 1.

84 banks.

OCTOBER 1.

84 banks.

$40, 510,18, 010,

360,270,

2, 851,5, 290,2, 718,229,

1, 424'48,546,452,331,896,13,

342 71100 00000 00500 00305 49268 56 S

209 47 ;719 14 j118 80 '157 05787 10324 72965 24 |288 00 :

437 35 :

1, 331, 908 63808, 542 00

1, 371, 499 91777, 505 00

1,436,312 59 I904, 552 00 i

1,505,629 16883, 715 00

$40, 601,18,010,

360,531,

3,178,4, 384,2, 866,

151,1, 434,

204,556,401,228,762,

13,35,

1,562,901,

794, 013 35 j 856,851 35 847, 342 75 i 827, 232 25

465 01100 00000 00400 00167 93449 32259 25762 79863 30094 53383 13232 38692 88670 00769 50212 30155 22669 00

856, 892 40

Total J 75, 504, 301 13 ! 76, 863, 630 81 77, 342, 68$ 15 ! 77, 170,100 04 j 77, 041, 238 94

NEW YORK.

Loans and discounts. |Bonds for ciiculationBonds for deposi ts . . .U. S. bonds on hand. -:

Other stocks and b'dsjDue from res've ag'ts'!

Due from nat ' l banks ;Due from State banksReal estate, &e :Current expenses . . . '•Premiums paidCash itemsClear'g house exch'gsBills of other banks : .Fractional currency.Trade dollars ;Specie ;Legal-tender notes . . [U. S. cert 's of depositDue from U. S. Treas. \

266 banks.

$84, 276, 886 1927, 898, 650 00

775, 000 001,473,950 007,185, 686 67

13, 663, 999 952, 353,126 451, 275, U2 453,356, 754 17

671, 336 401,163, 289 891,443,802 20

33, 426 3(31,188,055 00

33,087 34

3,961,563 013,834,901 00 ,

325, 000 00 !1,259,692 21

260 banks.

$82, 629,27, 462,

775,1,610,7, 214,

15, 679,2,137,

041,3, 237,

465,1, 150,1, 309,

34,1,152,

38,

206 69150 00000 00600 00736 10800 32313 33009 18023 91195 94r>98 09115 60467 3rt167 00182 52

: 265 banks.

! $83, 880, 625 39: 27, 362,150 00

775, 000 00i 1, 587, 000 00

6, 836,124 3413,603, 123 04

2. 500, 969 96663,624 14

3, 167, 294 78550, 304 48

1, 202, 013 471,278,151 76

48,213 271,225,986 00

37, 368 63

266 bank's.

$83,214,057 0427, 392,150 00

892, 000 001, 543, 050 006, 846, 954 33

13, 611, 766 382, 846, 764 47

808, 355 703, 257, 084 38

224,178 821,266,955 353, 248, 824 98

61, 715 441,137,599 00

34, 289 04

4,486,115 13 ,3, 683, 640 00

425, 000 00 !

1,284,731 00 |

4,814,558 19 j3, 365, 079 00

405, 000 00 '1,247,059 60

267 banks.

4, 876, 057 652, 823, 569 00

40-% 000 001,295,447 10

$83, 979,27, 267,

892,1, 486,7, 202,

14, 285,2, 707,

670,3, 256.

444;1, 288,1,797,

60,1, 204,

33,243,

5, 054,3, 191,

265,1, 296,

728 98150 00000 00800 00547 52672 97892 77772 16720 86260 93198 94882 48482 61478 00037 55514 40293 02699 00000 00586 65

Total 156,173,909 29 155,482,712 17 | 154,549,646 05 155,785,818 68 j 156,628,718 84

CITY OF NEW YORK.

44 banks. 41 banks 44 banks. 45 banks. 44 banks.

Loans and discounts $210, 385, 727Bonds for circulationBonds for deposits . . !

U. S. bonds on hand. . 'Other stocks andb'ds.Due from res'vo ag ' ts . iDue from nat ' l banksDue from State banksReal estate, &cCurrent expenses 1Premiums paid ;Cash items 1C. H. loan certificates]Clear'g-hou.se exch'gsiBills of other banks . . IFractional currency jTrade dollars ."..!SpecieLegal-tender notes . .U. S. cert 's of deposit.Due from U. S. Treas

14, 177, rid >820, 0U0

4, 498, 4-"013, 686, 440

19, 546. 1752, 732, f)409, 874, 3741,731,0381, 186, 8851,792, 1791, 870, 000

53,927,0312, 084, 8:59

38,918

$214,283,771 5113, G!'9,500 00

820. 000 005, 890, 250 0014, 2;M, 802 28

15,031,685 562, :-177,141 7610, 1150,445 50

653.906 601,31^859 671,851, 091 911, 530, 000 00

38, 200, 796 881, 353, 898 00

39, .-93 74

211,897,611 9813. 609. 500 00

820, 000 005, 366, 600 0014,462,710 71

15,051,528 072,511,448 6510,201,213 16

930. 423 491,348, 0 tO 682, 112,102 041, 430, 000 00

51, 393, 979 412, 336, 784 00

48, 654 88

$216,409,219 4512, 863, 500 00

820,000 005, 387, 250 00

15, 168, 258 85

$236,889,911 83 ;! 12, 566, 500 00 !

820,000 00 l,4, 265, 800 00 I14, 242, 734 53 |

19, 429, 625 122, 250, 676 3510, 239, 912 91

181 929 801,358,394 08 ,3, 571, 356 101, 380, 000 00 !

77,451,807 67 j2, 084, 458 00 :

41, 578 93 :

Total 443, 488,192 48

72, 838, 95023, 205, 272

8, 005, 0001, 086, 864

90, 495, 356 4818, 002, 546 008, 360, 000 001,078,613 87

439, 292,149 82

96,500,023 8720,428,591 005, 970, 000 001, 483, 637 32

457, 902, 849 26

96, 527, 065 2527,164, 671 008, 540, 000 00

837, 654 52

18,846,711 33 |2, 759, 1.21 81 i

10, 177, 498 67 !787, 432 42 I986, 305 71 !

2, 597, 221 04 Ii, no, ooo oo !

55, 453, 777 33 j1, 597, 918 00 !

35, 823 21 j194, 783 90

91, 454,167 7416, 785, 620 006, 920, 000 00

757, 858 72

501, 707, 358 03 479, 249,186 24Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



CONNE CTICUT .


88 banks.

MARCH 10.

87 bank^.

MAY 6.

87 banks.

Capital stock ; $26, 056, 820 00 ; $25, 856, 820 00 • $25, 671, 820 00

Surplu s fund I 6, 840, 700 57Undivided profits....] 2,197, 911 07

Nat'l bank circulation! 16,176,757 00 iState bank circulation! 38, 097 00

Dividends unpaid. -..

individual deposits. -TT. S. deposits ;

Dep'ts IT. S.dis.officers


Dae to State banks. . .!S"otes re-discounted..Bill a payable

Total

57, 501 85

20, 563, 251 07282,245 31 :16,248 68

2, 539, 945 14 \

527, G91 65

179, 631 79 \27; 500 00 !

'5, 820, 373 78 ,!, 673, 555 91

.1.5, 028, 602 00

29, J 02 00 '

75,749 19 ;

22, 678,676 8!294, 990 68 •

10,804 45

2, 729. 969 97

639, 497 45

120,428 27 \5, 000 00

6, 772, 236 28L 915, 264 11

16, 065, 952 0024, 558 00

74, 302 04

23, 4 .."0. 093 mI'. 05, 428 33 :16,8.13 14 '

2, 315, 489 91 '

702, 834 17 :

42, 896 51 ;15, 000 00 j

JULY 1. |

84 banks. ;

$24,921,820 00 ;

6, 715, 073 301,257,521 42 :

15, 717, 275 00

24, 558 00

530, 766 38

25, 246, 464 78281, 828 50

19, 076 00

1, 843, 427 03

576, 265 98

36, 023 0575,504,30113- 76,863,630 8 1 ; 77,342,688 15] 77, 170, K10 04

NEW YORK.

266 banks. 266 banks. ; 265 banks. i 266 banks.

Capital stock j $35, 004,160 00 $34, 714,160 00 i $34, 592, 260 00 | $34, 748, 357 00

OCTOBER 1.

84 banks.

$24,921,820 00

6,717,780 481, 738, 755 09

15, 932, 600 0018,675 00

24,482,780 .Id289, 431 76

20, 041} 2ij

1,967,596 49

653, 674 :i»

5,000 00200, 000 00

77, 04 L 238 94

Surplus fund 9, 085, 597 21Undivided profits 6, 618, 687 27

Nat ' l bank circulation 24, 811, 412 00Stole bank circulation^ 30,626 00

8, 814, 099 925, 348, 375 61

8, 729, 535 365, 790, 1 i)6 67

24, 128, 8J1 00 24. 160, 380 0030, 626 00 30, 626 00

Dividends unpaid 50,552 35

267 banks.

$34, 819. 760 00

8, 926, 6"5 465, 614, 629 77

23, 989, 591 0030,623 00

62,367 42

77,834,371 10617,988 34100, 964 49

2, 953, 653 94

1,207,402 0:j

315, 104 44155,1307 88

Total ! 156 173, 909 29 • 155, 482, 712 17 '. 154, 549, 646 05 155, 785, 818 63 156, 628, 718 84

CITY OF NEW" YORK.

Individual deposi ts . . 74,592,081 38U. S. deposits ; 520, 918 41Dep'ts U.S.dis.officersi 113,767 13 '

Due to national banks;

Due to State banks . .

]NFotes re-discounted..Bills payable

3, 351, 953 74

1,071,444 87

647,722 92 ;

274, 986 01

71,280 80.

77, 430, 640 92558, 779 2884,618 60

2,917,491 49

890,930 14

378, 776 43114, 121 98

73, 639 66

75, 775, 909 50626,915 20115,856 09

3, 184,527 15

871, 776 29

466, 966 62131,051 51

8,840,331 055,013,794 62

23, 876, 591 0030, 624 00

344, 630 62

78, 059, 538 33487,191 47132,727 70

2,489,612 30

906,782 08 ;

494, 716 06360, 922 45

Capital stock . -

Surplus fund ;Undivided profits ,

Nrat'l bank circulationState bank circulation

44 banks. ;

; $46,250,000 00 j

22,582,580 09 ''12,138,436 21

11,897,617 00 :32, 870 00 :

44 banks.

$46, 250, 000 00

22, 430, 264 1810,088,278 01

11, 090, 992 0032, 857 00

44 banks.

$10, 250, 000 00

22,304,264 IS \10,601,375 32 ;

10, 961, 242 00 j

32,857 00 j

45 banks.

' $46, 522, 500 00

•• 22, 435, 654 65; 9,240,280 34

9, 952, 392 00 •32, 850 00 i

44 banks.

$45, 350, 000 00

22.170,007 6810,487, 170 OB

9, 917, 44" ()'): ; ] . 195 o>i

Dividends unpaid 250,545 15 217, 479 91 1, 039, 830 58

Individual deposits. - -Certified cheeksU. S. depositsDep'ts U.S.dis. officers


Due to State banks. -.

Notes re-discounted..Bills payable :

Total

20125 356,

413,240,

92, 017

30

443

674

488

584371080347

C26

133

192

42940449

63

51

48

; 1891 19,

104

34,

• 439,

906,O:jfi,414.211,

981,

096,

292,

139368002444

214

072

149

4'd627680

80

30

82

210, 066. 56H25, 933^ 755

425. 581180, 892

98, 761,129

32,167, 703

457, 902, 849

64470446

95

29

26

247, 364, 93528, 592, 960

423, 46536,113

99, 927,104

36,139,270

501, 707, 358

53 ;74 ;

48 ;74

70

27

03 1

226, 925,23, 5GH,

420,47,

105

34

479

687,

999555181162

€03

199,239

W5

249,

4?0

186

i"C

50

50

26

00



Abstract of reports since September 30,1884, arranged

CITY OF A L B A N Y .

Resources.

Loans and discounts, jBonds torcirculation.!Bonds tor deposits ..V. 8. bonds on band..Other stocks and b'dsDue. fromres've ag'ts :Due from nat'lbanks.:Due from State banksReal estate. &c

Premiums paidCash items iClearV-house exch'gsBills of other banks.. ;

Fractional currency -;Trade, dollarsSpecieLegal-tender notes...TJ. S. cert's of deposit.Due from U. S. Treas.:

Total !

Loans and discounts jBonds for circulation.'Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res' ve ag'ts s

Due from nat'l banks jDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fra e tion a 1 c urre ncyTrade dollarsSpecieLegal-tender notes ..TJ. S. cert's of deposit.Due from U.S. Treas.

Total

Loans and discounts.Bonds for circulation..Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've air'tsD.vte from nat'l banksDi;e from State banksReal estate, <fccCurrent expensesPromiums paidCauh itemsClear "ir-liouse exch'g3Bills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U. S. Treas

Total

DECEMBER 20. i

7 banks .

$7,132, 0271,518,000

100, 0003 0

313, 0061,819,963

747,804126, 8>'5321,256

22, 50048, 718

137,804150,528

1,370

682, 323220, 308310, 0i)0

71,047

13, 731,109

70 banks .

$29,107, 2339, 286, 850

250, 000372, 050

2, 554, 6867, 207, 9141, 324, 982

180,3871, 594, 951

275, 368318, 059808 035

441, 47718, 198

1 278 8931,080,780

20, 000422, 908

57, 252, 841

0800000 0 •15 i4254 i2145

0033480030

8"000047

25 ;

MARCH 10.- - -

6 banks .

$7,213,7191,218,000

100, 000100

364,1051, 870, 384

789, 53491,594

275, 5C0

60, 29077, 982

102. 092152,478

1, 564

816,902149, 860310,000

66, 040

13,672,149

NEW J

3600 i0000 !1065 !

33 ,13 :74515491

0017

53000000

97

P E

224 banks-

$00, 378, 98120,784, (i00

480,000l,09.i, 1008,510, 30ij9, 055, [)732,010, 473

8U2, 5283, 468, 758

35fi, 0731,007,979

747, 97376,991

954, 14742, 262

4 187 7'>72, 737, 575

10,0001,176, 447

129, 981, 798

510000(00378620010

6503520049

99

000007

22

70 banks

$28, 236, 6239, 286, 850

250, 000913,700

2, 707, 4397, 276, 854

—

740000000008603500

0072950020

80000027

31

E

240000002832

1, 141, 370 06159, 604

1.585,651101,213424, 593738 982

463, 36417, 030

1 454 9551,833,971

20, 000420, 008

57, 188,871

5972373957

0068

56000000

78

N N B Y L

223 banks

$04, 650, 46720,717, 100

4H). 0008lit, 700

8,873, 95S10. 810, ::842, HO;), 2751, 083, M8

.3, -181, 2S0571,888

1,0(1,48902'> 887

19, 514982, 090

50, -J05

4 496 (802, 535. 385

10, 0001, 204, 307

130, 773, 437

720000009679719239722980910020

48000050

39

MAY 6.

6 banks.

$7,613,2991,318,000

100, 000100

421, 6502,630,711

989, 59782, 275

281, 500

88, 02298, 5<S5

141,331120,503

828

817,997170, 860310,00063, 842

15, 255,195

RSE Y.

70 banks

$29, 438, 5769, 286, 850

250, 000775, 250

2, 090,1456, 222, 9661,164,549

192,9791, 592, 541

198, 174385, 527644, 129

514,08416, 536

1 553 6331, 823, 708

' 10,000424, 167

I57,189,819

V A NI

96 '0000 ,00 !00743068 :00 ,

0064870053

50000047

69

640000002923697416462926

0067

0°000040

75

A.

224 banks .

$05, 578, ^6420,649,200

480, 0001,121,4508, 4(50, 46!)

10, 436, 767: 2,257,317

909. (5093, 541. 798

483, 7321,012,970

679 80040,814

1,314,91554, 814

! 4 983 1193, 079, 506

10, 000, 1,197,185

132, 354, 902

590000000608601516408:535900054

1°000094

31

JULY 1.

6 banks .

$7, 402, 0691, 418, 000

100, 000100

491,6652, 543, 5391, 034, 858

34, 891281, 500

90, 29055, 245

216, 682141,160

1,372

869, 410205, 960310, 000

65, 907

15, 262, 653

70 banks.

$29,189,1839, 286, 850

250, 000788, 850

2,681,1856, 779, 3121, 082, 288

206, 9331, 587,192

92, 570382, 225805, 375

469, 40915, 569

1 699 8611, 689', 259

10,000449,668

57, 395, 732

—

i s !0000000047645500

0098600081

50000050

23

070000001660309333691810

0037

OS000000

81

225 b a n k s .

$34, 953, 90526, 599, 200

480, 0001, 183, 1008.071,4649, 642, 1332,721,7871,163,8443, 548, 389

281, 4931,024,835

I 848 057i 27, 126i 1, 317, 724

52, 652

4 828 '-012, 906, 356

10, 000S 1,149, 213

131, 409,484

350000DO0523845104207165

0067

64000039

56

OCTOBER 1

6 banks .

$7,130, 4111,418,000

100, 000100,100479,175

1, 994, 6651,056,328

68, 280281,500

89, 79067, 904

135, 967137, 311

1,352600

922, 869189, 460310, 00075, 393

14, 559,110

72 banks .

$29, 365, 0019, 326, 850

250, 000912, 350

3, 000, 2378, 273, 0071, 343, 336

171,4711, 602, 887

179, 542391,160

1,041 367

457, 06518, 44660 163

1 979 7011,902,131

10, 000448, 923

60, 733, 643

—

940000000068067700

00786500770050000070

85

570000006132363357086291

0080

70000000

07

i 228 banks .! .!i $65,500,467! 26, 629, 200

480, 0001, 324, 9008, 587, 495

10, 738, 628i 3,032,810i 1, 054, 005; 3,570,021

500, 004! 1, 003, 070; 684 982l 19,922i 1, 378, 51)6i 46,337i 562 351I 4, 535, 975! 3,106, 647

10, 0001, 275, 649

134,107,127

020000005128776778819215

00439149000083



by States and reserve cities—

C I T

-Continued.Y OF ALBANY.

Liabilities.

Capital stock



Dividends unpaid

Individual deposits ..U. S. depositsDep'tsU.S.dis.officers


Due to State banks ..


Total

DECEMBER 20.

7 banks.

$1, 800, 000 00

1, 400, 000 00377, 967 65

1, 336, 690 00

499 00

5, 571, 415 5061, 887 2616,184 24

2, 515, 868 19

650, 597 41

13, 731,109 25

MARCH 10

6 banks.

$1, 750, 000

1,150, 000268, 922

1,006,190

397

5, 985, 34380,401

5,011

2, 824, 182

601, 700

13, 672,149

00

0023

00

94

1022

71

39

31

MAY 6.

6 banks .

$1, 750, 000

1,150, 000234, 550

1,122, 330

2,553

7, 637, 97899, 990

1,519

2, 666, 315

589, 958

15, 255,195

00

0034

00

00

874022

75

11

69

JULY 1.

6 banks.

$1, 750, 000

1,150, 000227, 785

1,184, 330

9,951

7. 984, 45479,115

654

2,169, 098

707, 262

15, 262, 653

00

0048

00

50

750861

83

98

23

OCTOBER 1

6 banks .

$1, 750, 000

1,175, (00205, 058

1,249,790

8,958

7, 097, 82482, 906

1,147

2, 365, 764

622, 600

14, 5.39,110

00

0046

00

00

436352

85

96

85

NEW JERSEY.

Capital stock



Dividends unpaid

Individual deposits..XL S. depositsDep'ts U.S.dis.officers



Notes re-discounted..Bills payable

Total

70 banks

$12 103 350

3, 738, 0692, 068,153

8, 229,1718,450

32, 302

28, 720, 619178, 306

16, 706

1, 802, 502

• 275, 910

3,00076, 300

57, 252, 841

00

2691

0000

04

169637

40

87

0000

97

70 banks

$12 103 350

3, 761, 6381, 720, 968

8, 213, 2218, 450

55,153

28,885,845165, 70829, 862

1, 938, 417

224, 957

25, 00056, 300

57,188, 871

00

9105

0000

50

240901

07

91

0000

78

70 banks.

$12,103, 350

3, 751, 3971, 873, 278

8, 228, 1718,396

49, 817

28,614,228178, 33341,742

1, 895, 827

287, 102

81,87476, 300

57,189, 819

00

6362

0000

56

763929

36

25

8900

75

70 banks .

$12 103 350

3, 804, 3531, 587, 593

8, 042, 8868,396

269, 627

29,176. 693164, 529

24, 547

1, 908, 242

254, 387

29, 82521, 300

57, 395, 732

00

8613

0000

50

678489

88

04

0000

81

72 banks.

$12, 208, 200

3, 799, 9441, 820, 748

8, 007, 4068,396

87, 982

32, 501, 421166, 974

28, 347

1, 797,166

300, 755

6,300

60, 733, 643

00

9766

0000

92

621848

11

13

00

07

PENNSYLVANIA.

Capital st<><k

S n i»lus fundUndivided profits

Nat ' l bank circulationState bank circulation

Dividends unpaid

Individual deposits...XT. S. deposits .Dep'tsU.S.dis.officers



Notes re-discounted..Bills pavable

Total

224 banks

$32, 084, 840

9, 938, 4133,140,118

23, 697, 93028,317

175, 670

56, 907, 478362, 51615, 707

2, 509, 474

357, 442

525, 399248, 490

129, 981, 798

00

0918

0000

09

746236

88

01

9728

22

223 banks

$32, 050, 340

9, 867, 9603,178, 037

23, 563, 3071«, 296

158, 682

58, 453, 050368, 815

8,548

2, 218, 605

324, 058

451, 245112,490

130, 773, 437

.

00

8704

0000

09

206476

41

67

4328

39

22

$32,

4 banks

150. 340

9, 970, 7683, 130, 705

23, 522, 0079,079

432, 814

59, 792, 797435, 466

14, 027

2,

132,

139, 813

314, 961

398, 67543, 445

354, 902

00

9126

0000

94

960646

28

72

2745

31

225 banks

$32, 270, 340

10,089,2122, 824, 083

23, 255, 8029,079

313, 508

60, 205, 543377, 260

12, 002

1, 445, 024

229, 577

345, 55832, 490

131, 409, 484

00

9154

0000

24

985948

92

85

7728

56

228 banks.

$32, 665, 340

10, 067, 3623, 479, 814

23, 401, 4609,079

166, 916

61, 821, 734403, 400

12, 250

1, 570, 363

212, 867

270, 04826, 490

134,107,127

00

4249

0000

54

864373

02

18

4428

39

5745 CUR- -14Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



CITY OF PHILADELPHIA.

Resources.

Loans and discountsBonds for circulation.Bonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banks.Due from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. S. cert's of depositDue fromU. S. Treas.

Total

DECEMBER 20.

33 banks .

$60, 443, 482 539, 427, 800 00

300,000 00148,100 00

4, 333, 993 856,049,861 574, 816, 942 72

925, 830 642, 769, 910 61

213, 798 08216, 718 44514,382 84

5, 339, 723 84645, 754 0024,159 86

8,055,463 003, 946, 475 005, 815, 000 00

465,040 71

114, 452, 437 69

MARCH 10.

33 banks .

$62, 075, 220 639, 427, 800 00

300, 000 00148,100 00

4, 288,195 796,104, 202 984,410,475 70

984, 643 242, 807, 797 15

488,323 62208, 472 10395, 394 34

6, 241, 034 16705, 723 0025, 473 05

i6, 205, 812 793, 496, 773 007, 230, 000 00

4BI, 650 50

120, 025, 092 05

MAY 6.

33 banks.

$61,209,044 839, 427, 800 00

300, 000 00148,100 00

4, 578, 698 846, 942, 984 004, 628, 277 601, 010, 324 822, 787, 912 65

92,138 79201,442 10460,032 67

5, 298, 511 55977, 909 0018, 308 19

10, 870, 262 513, 765, 546 006, 280, 000 00

481,932 50

119, 479, 226 05

JULY 1.

33 banks .

$62, 993, 900 089, 327, 800 00

300, 000 00248,100 00

4, 374, 499 596, 604,155 715, 855, 981 93

941, 365 332, 809, 015 49

285, 616 45214,360 59754, 615 91

10, 468, 009 82745,618 00

19, 611 27

11,364,871 704,187, 944 006, 240, 000 00

493, 916 50

128, 229, 382 37

OCTOBER 1.

34 banks .

$67, 351, 229 739,327,800 00

300,000 00298,100 00

4, 295, 046 247, 494, 063 015, 681, 881 851, 221, 724 282, 820, 894 67

533, 762 26252, 384 25681,040 35

8,186, 845 09702, 533 00

28, 067 08250,165 00

11, 361, 091 754, 234, 351 005, 335, 000 00

479,124 50

130, 835,104 06

CITY OF PITTSBURGH.

Loans and discountsBonds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U.S.Treas.

Total

23 banks .

$25, 720, 804 657, 080, 500 00

250, 000 00101.100 00

1, 042, 347 712, 046, 500 82

882, 523 74302, 433 15

1, 410, 992 31144, 326 1974, 514 88

181, 153 441,115, 573 17

374,325 0012, 420 58

2, 049, 590 051, 988, 760 00

346, 080 41

45,123, 946 10

23 banks .

$25, 370,191 957, 080, 500 00

250, 000 00103, 450 00

1,011,768 042, 323,115 36

878, 719 60160, 796 81

1, 432, 485 76148, 921 2373, 370 47

147, 448 79770, 866 51456,580 00

15, 758 74

2, 053, 895 521, 962, 349 00

329,496 14

44, 569, 713 92

23 banks.

$25,505,311 127, 080, 500 00

250, 000 00104,700 00436, 629 66

1, 805, 357 95782,106 07246, 338 00

1, 441, 431 24125, 033 9173,449 38

159, 672 69937, 848 01601, 258 00

14, 595 56

2,163, 369 952, 500, 034 00

331,291 14

44, 558, 926 68

23 banks .

$25, 765, 926 657, 080, 500 00

i!50, 000 00151, 600 00438, 355 13

1, 789,070 44667, 201 75179, 307 11

1,451,804 3042,436 2181, 319 26

213, 392 371, 249, 998 73

302, 013 0013, 354 62

2,122, 272 772,012,687 00

343, 735 95

44,154, 975 29

23 banks .

$24, 871,131 547, 080, 500 00

250, 000 00150, ;>50 00463,170 68

2,310, 626 111, 215, 728 19

239,179 721, 469,407 98

161, 646 0384, 503 38

187, 859 68859, 811 44564, 218 00

11,126 4611, 881 00

2, 295, 591 642,167, 824 00

328, 530 00

44, 723, 285 85

DELAWARE.

Resources.

Loans and discountsBonds for circulation.Bonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollars ..SpecieLegal-tender notes ..TJ. S. cert's of depositDue from TJ. S. Treas.

Total

15 banks.

$3, 918, 072 901,763,200 00

60, 000 003,000 00

230, 907 91806,173 93158, 936 0146, 533 64

199, 070 0027, 755 98

115, 005 7163, 862 45

102, 971 002, 308 45

187. 404 07108, 253 0020, 000 0079, 263 33

7, 952, 718 38

15 banks .

$3, 919, 311 371, 763, 200 00

60, 000 003,000 00

232, 382 91779, 228 47132,229 5458, 752 74

199,881 9215, 995 03

108, 309 5570, 984 31

94, 386 002, 833 72

225, 295 75159, 456 0020, 000 0080, 892 50

7, 926,139 81

15 banks .

$3, 938, 850 801, 763, 200 00

60,000 003,000 00

285, 974 95648, 660 97164, 523 7162, 203 34

199,947 5122,971 26

106, 284 5573, 548 18

i09, 704 663, 334 51

222,120 87161, 837 0020, 000 0084,492 50

7, 930, 654 15

15 banks.

$3, 850, 314 401, 763, 200 00

60, 000 003,000 00

290, 307 40668, 505 47158, 388 63

53, 614 42208, 317 13

22, 723 68105, 334 55

91, 869 79

98, 595 003, 665 31

240, 954 30182, 640 0020,000 0089, 292 50

7, 910, 722 58

15 banks .

$3, 906, 837 13i, 768, 200 00

-60, 000 003, 000 00

262, 307 401,179, 851 39

248, 049 0955, 807 93

218,135 0933, 871 57

104, 545 8074, 465 59

114,189 003, 526 11

24, 436 75204, 560 49173,331 0020, 000 0091, 092 50



ly States and reserve cities—Continued.

CITY OF PHILADELPHIA.

Capital stock



Dividends unpaid

Individual deposits..XT. S. depositsDep'ts U S dis officers




Total

DECEMBER

33 banks

$18, 058, 000

9, 353, 3031, 746, 695

8,315,020

58, 457

63, 304, 343229, 424

10, 663, 586

2, 723, 608

114, 452, 437

20.

00

0852

00

56

0307

25

18

69

MARCH 10

33 banks

$18, 058, 000

9, 388, 3032, 079. 623

8, 034, 000

42, 614

65, 572, 832236,433

13,137, 264

3, 466, 020

10, 000

120, 025, 092

00

0830

00

81

1782

49

38

00

05

MAY 6.

33 banks.

$18, 058, 000

9, 381, 8031, 392, 678

8, 049, 390

472, 306

66,130, 388226, 266

12, 669, 769

3, 088, 623

10, 000

119, 479, 226

00

0868

00

21

5300

88

67

00

05

JULY 1.

33 banks .

$18, 058, 000

9, 381, 8031, 772, 539

7, 746, 090

57, 001

74, 014, 361225, 837

13,366,688

3, 607, 060

128, 229, 382

00

0839

00

46

9819

34

93

37

OCTOBER 1.

34 banks .

$18, 275 250

9, 401, 8032, 280, 684

7, 797, 648

42, 440

74, 830, 558239, 952

14, 312, 281

3, 654, 186

130, 835,104

0ft

0844

oa

06

3355

48

12

06

CITY OF PITTSBURGH.

Capital stock



Dividends unpaid

Individual deposits ..IT. S. depositsDep'ts U.S.dis.oflicers


Due to State b a n k s . . .


Total . .

23 banks

$10,150,000

3, 434, 375978, 279

6, 296, 950

58, 564

20, 660, 439178, 49774, 735

2, 008, 627

1, 050, 880

232, 594

45,123, 946

00

9186

00

75

881950

99

67

35

10

23 banks.

$10,150, 000 00

3, 501, 813 75853, 927 79

6, 240,195 00

53, 629 75

20, 319, 784 94199, 455 7948,138 87

1, 988,167 47

1,146,482 88

68,117 68

44,569,713 92

23 banks.

$10,150, 000

3, 516, 813883, 688

6, 245, 660

151, 509

20, 335, 534151, 655103, 802

1, 876, 556

1, 111, 382

32, 323

44, 558, 926

00

7562

00

25

698737

49

13

51

68

23 banks

$10,150, 000

3, 538,106694, 594

6, 257, 295

236, 716

20, 025, 037213, 011

45, 503

1, 709, 007

1, 275, 747

9, 953

44,154, 975

00

8446

00

50

979021

94

95

52

29

23 banks .

$10,150,000

3, 538,106977,101

6, 289,780

92,129

19, 981, 344162, 266106, 214

, 2,182, 686

1, 223, 656

20, 000

44, 723, 285

00

8404

00

50

307193

37

16

00

85

DELAWARE.

Liabilities.

Capital stock



Dividends unpaid....

Individual deposits. .U. S. depositsDep'ts U.S.dis.officers


Due to State banks..

JJTotes re-discountedBills payable

Tetal

15 banks

$1 823 985

647, 540248,187

1, 574, 309624

7,207

3, 240, 85645, 8582,038

333, 264

13, 847

15, 000

7, 952, 718

00

0035

0000

70

013057

69

76

00

38

15 banks.

fsi

1

3

7

823 985

670, 000185, 884

561,949624

11, 455

284, 56746, COO

1,292

299, 321

23,174

17, 285

926,139

00

0019

0000

96

708487

04

21

00

81.

15 banks.

$1, 823, 985

675. 000206, 522

1, 564,199624

11,216

3, 285, 87955, 3612,142

266, 723

6,374

32, 626

7, 930, 654

00

0050

0000

39

61

36

06

26

85

15

15 banks

$1, 823, 985

677, 000225, 833

1, 557, 759624

21, 233

3, 328, 32341,873

2,178

144, 770

7,944

42,1" 637, 000

7, 91.0, 722

00

0083

0000

49

649a37

03

91

3600

58

15 banks.

$1, 823, 985 00

68^,905 00207, Gil 20

1, 551, 029 .00624 00

9, 998 26

3, 986, 802 9161, 769 152,109 90

200,176 08

17, 584 34

612 00


"212 REPORT OF THE COMPTROLLER OF THE CURRENCY.


MARYLAND.

Resources.

Loans and discounts.Bonds for circulation

TJ. S. bonds on hand..Other stocks and b'dsDue fro in res'veag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. 3. cert's of deposit.Due from U.S. Treas.

Total

DECEMBER 20.

27 banks.

$5, 991, 024 442, 499, 000 00

167,450 00438, 019 22801, 547 24371,998 4249,184 59

280,880 1458, 477 89

107, 786 1339, 701 36

48, 423 003,432 88

293, 028 62305, 250 00

109, 703 38

11, 565, 507 31

MARCH 10.

27 banks.

$5, 625, 244 512,479,000 00

140,850 00433, 368 95721, 286 54378, 649 2348, 844 68

280, 084 5739,412 96

104,903 1940,098 10

58, 667 003, 848 48

315, 597 82368, 826 00

100,892 50

11,139, 574 53

MAY 6.

27 banks.

$5, 612, 412 512, 479, 000 00

140, 650 00445, 584 39582, 799 60360, 875 32

39, 092 28267, 628 53

53, 578 31105, 157 4453, 671 76

91, 242 004,185 45

334, 689 07412, 018 00

103,190 75

11, 085, 775 41

JULY 1.

27 banks .

$5, 664, 090 492, 479, 000 00

141,150 00455, 726 25526, 607 17357,455 1335, 800 68

274, 837 4314,638 74

102, 036 4169, 320 96

84, 601 004, 094 41

318, 035 76304, 822 00

112, 890 00

10, 945,106 43

OCTOBER 1.

27 banks .

$5, 738, 577 082, 479, 000 00

215,450 00516, 730 75

1,043,054 94455, 047 21

75, 831 32269,767 43

54, 337 88113, 709 20

57, 036 12 I

97,180 004, 048 13

11,133 34353, 721 37400, 625 00

102,142 50

11, 987, 392 27

CITY OF BALTIMORE.

Loans and discounts.Bonds for circulationBonds for deposits ..U S bonds on handOther stocks and b'dsDue from res' veag'tsDue from nat'lbanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClâr'g-house exch'gsBills of other banks . .F ractional currencyTrade dollarsSpecieLegal-tender notes . .U. S. cert 's of depositDue fromU. S. Treas

Total

17 banks.

$24, 808, 6956, 212, 000

200, 000

68, 7732,185, 8181,108, 558

270, 948784, 289168, 51759, 61170, 819

1, 297, 551455, 001

6, 262

1 026 7631. 760, 6801, 510, 000

303, 507

42, 297, 796

060000

4804682725082575830019

SO000050

68

17 banks

$25, 393, 2796,167, 500

200, 000

81, 5691,455,2131,312,046

133, 292779, 847

96, 45257, 95050, 550

1,211,778577,155

6,930

1, 312, 9551, 720, 0612, 585, 000

300, 530

43,444,112

780000

7115542247700071570084

19000000

81

17 banks

$24, 268, 3546,167, 500

200,000

312, 0161, 605, 9421,142, 275

] 60, 529779, 660151,70257, 95059,124

1,313,793667, 978

6,564

1 660 0631, 691, 8432, 965, 000

308, 530

43, 518 827

020000

2421817627470061320064

63000000

98

17 banks .

$24, 409, 4816, 067, 500

200, 00075 000

771, 4521, 691,1591, 487, 250

142, 735779, 413

31, 60958, 278

102, 8543, 021, 443

622, 3996,124

1 852 5301, 300, 6553, 760, 000

283, 830

46, 663, 718

340000001489556855211318730069

97000000

06

17 banks

$25, 803, 6386, 067, 500

200, 00075 000

770, 4231, 685, 2821, 222, 511

151, 816777, 972151,16758, 27897, 746

1, 972, 626291, 796

6,92688 182

2 042 6241, 442, 3632, 285, 000

323, 630

45,514,484

280000000405304259091393210096004*>000000

45

Loans and discountsBonds fo r c Lrculat ion.Bonds for deposits...TJ. S. bonds on hand..Other stocks and b'dsDue from res' ve ag'tsDue from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBillri of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. S. certV of depositDuo from IT. S. Treas

Total

DISTRICT OF1 bank.

$275, 365 94250, 000 00

151,200 00155, 930 00

85, 800 3510, 994 331,591 11

20,000 005. 647 54

35.919 103,310 00

12, 253 0021 14

1 bank.

$231, 664 17250, 000 00

151,200 00162, 930 00140, 946 34

19, 253 346, 983 85

20,000 002, 373 42

32, 380 935,160 00

13, 934 0031 26

112, 908 00 138, 799 5050, 4U0 00 SO, 500 00

11, 250 00 11, 250 00

1,182, 590 51 1, 267, 406 81

COLUMBIA.1 bank.

$249, 092 26250, 000 00

151, 200 00162, 930 00165, 410 03

8, 794 05679 06

20,000 004, 568 00

32, 380 933,811 00

19, 003 668 55

120, 610 00113, 000 00

11,250 00

1, 312, 736 88

1 bank.

$274,633 85250, 000 00

151, 200 00162, 930 00162, 628 43

7, 223 22

20, 000 0034 10

29, 480 9315,182 00

9,952 668 19

111, 234 0068, 780 00

11,250 00

1, 274, 536 72

1 bank.

$322, 987 88250, 000 00

151,200 00170, 930 00153, 480 88

6, 636 911, 949 59

20, 000 003, 402 38

29, 993 438,851 02

5,639 005 69

114, 418 0085, 500 00

11, 250 00



by States and reserve cities—GontiDued.

M ARYL A ND.

Liabilities

Capital stock



Dividends unpaid


Dept's U.S.dis. officers




Total

DECEMBER 20.

27 banks .

$2, 711, 700 00

784, 579 86377, 005 22

2,199, 909 00

26, 607 48

5,124, 242 30

215, 228 08

36, 836 57

89, 398 80

11, 565, 507 31

MAUCH 10.

27 banks.

$2, 691, 700 00

780, 521 32290, 901 95

2,168, 413 00

21, 826 45

4, 902, 972 95

169, 941 11

34, 956 96

78, 340 79

11,139, 574 53

MAY 6.

27 banks .

$2, 709, 090

780, 521334, 841

2,166,183

13, 450

4, 811, 566

190,562

29, 065

50, 494

11,085,775

00

3260

00

70

10

39

92

38

41

JULY 1.

27 banks

$2, 709, 090

838, 696178, 311

2,119, 517

51, 206

4, 796, 647

150, 696

36, 485

64, 456

10, 945,106

00

3227

00

70

06

15

65

28

43

OCTOBER 1.

27 banks .

$2, 716, 700

841, 766254, 045

2,143, 702

30, 270

5, 744,199

215, 514

36, 022

5,172

11, 987, 392

00

5182

00

06

08

05

43

32

27

CITY OP BALTIMORE.

Capital stock



Dividends unpaid

Individual deposits..TJ. S. depositsDep'ts U.S.dis. officers




Total

17 banks

$11,

3,1,

5,

17,

2

42

713,260

012, 300605, 400

255,14120, 852

46, 636

607, 262112, 730

517, 603

406, 610

297, 790

00

on39

0000

71

6484

04

06

68

17 banks

$11, 713, 260

3, 086, 7101, 294, 662

5,169, 73120, 851

54, 251

18, 374, 491111 618

3,160,939

457, 597

43, 444,112

00

0077

0000

59

13SO

66

36

81

17 banks.

$11,713, 260

3, 091, 7101, 489, 389

5,122, 59020, 849

43, 343

18, 735,146113, 738

2, 762, 812

425, 987

43, 518, 827

00

0014

0000

03

8348

23

27

98

17 banks .

$11,713, 260

3,136 500928,116

4, 808, 54020, S4tJ

317, 616

22, 084, 581107, 323

2, 974, 797

572,132

46,663,718

00

0092

0000

62

29%

81

46

06

17 banks .

$11

3,1,

713, 260

136, 500305, 340

4, 756, 49020, 802

20,

3,

45

54, 672

885, 522104, 572

029, 262

508, 062

514, 484

00

0066

0000

64

82D]

01

31

45

Capital stock



Dividends unpaid

Individual deposits ..U. S. depositsDep'ts U S dis officers




Total

DISTRICT OF COLUMBIA.

1 bank.

$252, 000 00

60, 000 0057, 425 09

225, 000 00

3,692 00

574, 756 30

8, 445 05

1, 272 07

1,182, 590 51

1 bank.

$252, 000 00

60, 000 0047, 450 35

214, 400 00

4, 916 00

676,123 94

12, 275 47

241 05

1, 267, 406 81

1 bank.

$252, 000 00

60, 000 0053,941 82

208,400 00

3, 960 00

720, 396 19

12, 990 70

1, 048 17

1, 312, 736 88

1 bank.

$252, 000

60, 00044,189

197,100

8,120

690,194

1.7, 835

5,096

1, 274, 536

00

0031

00

00

81

78

82

72

1 bank.

$252, 000

60, 00053,186

188, 700

4, 640

776,518

1, 049

150

L, 336, 244

00

0097

00

00

17

07

57




CITY OF WASHINGTON.

Resources.

Loans and discountsBonds for circulationBonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue froin res've ag'tsDue from nat'l banks.Due from State banksEeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U. S. Treas.

Total

DECEMBER 20.

5 banks.

$2,104, Oil 61730,000 00100, 000 00159,100 00180, 806 83221, 064 30154, 819 33

6, 754 92402, 638 78

41, 720 0037, 426 8598, 823 27

32,143 005, 981 37

325, 503 75288, 920 00

30, 000 0041, 500 00

4, 961, 214 01

MARCH 10.

5 banks.

$2,056,812 90730, 000 00100, 000 00182, 550 00197, 915 85284, 872 28184, 352 01

9, 376 69366, 648 03

17, 618 1041, 016 74

130, 309 58

53,442 005, 861 24

517, 308 25416, 068 00200, 000 00

31, 500 00

5, 525, 651 67

MAY 6.

5 banks.

$2, 009, 793 64730, 000 00100, 000 00321, 700 00213, 562 52425, 952 36187, 892 7216, 238 06

366, 648 0332, 020 6266, 386 14

109,203 82

32, 069 005, 974 24

500, 514 25484,187 00

20, 000 0029, 500 00

5, 651, 642 40

JULY 1.

5 banks .

$2,185, 985 80730, 000 00100,000 00386,300 00216,747 63365, 830 00162,295 3820, 016 26

361,198 035,451 15

79, 957 73128, 948 15

15,174 005, 733 49

442, 616 25354,114 00

31, 500 00

5,591,867 87

OCTOBER 1.

5 banks.

$2,196,157 88730, 000 00100, 000 00401,550 00226, 306 00358, 496 02165, 033 25

15, 068 90353, 954 45

21, 731 0982, 285 73

141, 570 54

18, 669 005, 355 595,493 00

476, 797 00469, 327 00

31, 500 00

5, 799, 295 45

VIRGINIA.

Loans and discounts.Bonds for circulation.Bonds for deposits...XT. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks. .Fractional currency .Trade dollarsSpecieLegal-tender notes . .XT. S. cert's of deposit.Due from U. S. Treas.

Total

24 banks .

$11,321,295 772, 358, 350 00

525, 000 0025, 050 00

520, 878 841,153, 578 01

550, 613 34478, 545 13434, 755 48136,267 14129, 920 74202,651 8925, 951 25

249, 398 004,113 33

441,295 57851,741 00

112, 334 50

19, 521, 739 99

24 banks.

$11, 407,475 512, 358, 350 00

525, 000 0025,350 00

551,139 88997,541 53369, 200 41413,596 72429,410 08

57, 545 92136, 904 99246, 747 8742, 333 62

295, 387 005,299 56

461,904 71785,396 00

127, 075 00

19, 235, 658 80

23 banks

$8, 717, 2442, 258, 350

350, 00020,100

346, 975673,810374, 373201, 243363, 559

91, 084136, 397264,190

280. 5766,184

527, 085691, 900

108, 443

15, 411, 518

700000003435497422137478

0044

0600

63

62

23 banks

$9, 212,1672, 243, 350

350, 000300

338, 458596,921335, 987226, 495360, 474

4,250122, 616296, 587

229, 9374,626

516, 688612, 475

108, 576

15, 559, 914

930000008777754494549959

0005

1600

19

22

24 banks.

$9, 459, 5742, 293, 350

350, 000600

363, 8371,193, 955

493, 770249, 635397,61677, 094

129,196162, 46337, 585

385,1793,7687,938

561, 564786, 902

122,149

17, 076,182

820000005947828673360227580028552000

88

43

WEST VIRGINIA.

Loans and discounts.Bonds for circulation.Bonds for deposits . -TT. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDuo from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due fromTJ. S. Treas.

Total

21 banks.

$3, 606, 072 891, 459, 450 00

8, 600 00140, 741 81317, 061 55201,385 2346,591 80

223, 754 9956, 970 8836, 274 3022,166 37

75,213 002, 658 46

246, 904 59265, 740 00

64,492 59

6, 774,078 46

21 banks.

$3, 616, 272 541, 469, 850 00

10,000 00139,741 81256,183 12147,434 7344,028 89

215,082 7124, 352 1532, 548 2119, 341 46

70, 919 003, 387 08

"227, 505 98260, 355 00

63, 748 00

6,600, 750 68

21 banks.

$3, 664, 268 561,469,850 00

9,200 00136, 541 «1218, 640 63156,344 9140, 896 10

216, 887 5334,826 1232, 382 8715, 227 76

95, 379 003, 655 40

197, 330 57184, 651 00

69, 649 12

6, 545, 731 38

21 banks.

$3, 602, 628 fiO1, 469, 850 00

10, 300 00130,541 81245, 301 48184, 780 2140, 976 55

217, 576 2713, 422 0732, 406 1419, 067 74

78, 619 003, 354 87

220,189 62162, 458 00

65, 842 64

6,497, 315 00

21 banks.

$3, 602, 283 671,469, 850 00

9,300 00133,141 81280,143 38187, 580 0593, 882 45

226, 807 2729, 299 2732, 233 9919, 019 22

94, 074 002, 903 188, 723 29

229, 269 87204, 795 00

69,245 44

6,692, 551 89Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



CITY OF WASHINGTON.

Liabilities.

Capital stock

Surplus fund '...Undivided profits


Dividends unpaid

Individual deposits...U. S. depositsDep'ts U S dis officers




Total

DECEMBER 20.

5 banks.

$1,125,000 00

302, 000 00129, 700 82

623, 300 00

1, 974 00

2, 550, 778 1049, 828 10

149, 593 18

29, 039 81

4, 961, 214 01

MARCH 10

5 banks.

$1,125, 000

304, 50062, 300

618, 000

1,911

3,184, 41273, 663

138, 383

17, 480

5, 525, 651

00

0032

00

50

7869

00

38

67

MAY 6.

5 banks

$1,125, 000

304, 50099, 459

610,100

1,401

3,358,11822, 040

97, 934

33, 089

5, 651, 642

00

0014

00

00

1705

39

65

40

JULY 1.

5 banks.

$1,125, 000 00

305, 500 0081, 438 82

607, 600 00

13, 717 00

3, 323, 316 3433, 828 60

83, 961 58

17,505 53

5, 591, 867 87

OCTOBER 1.

5 banks.

$1,125,000 00

307, 000 00119, 826 43

625, 850 00

1, 933 50

3, 435, 467 9247, 961 44

115, 738 20

20,517 96

5, 799, 295 45

VIRGINIA.

"Capital stock



Dividends unpaid

Individual deposi ts . . .U. S. depositsDep' ts U.S. dis. officers



Xotes re-discounted..Bills payable

Total

24 banks.

$3 545 300 00

1,262,321 91776, 846 91

2,112, 300 00

4, 065 16

10,140,338 13361,233 09110, 305 66

604, 298 82

477, 026 96

73,703 3554, 000 00

19, 521, 739 99

24 banks

$3, 546 300

1, 332,112531, 471

2,114; 780

6,534

10,174, 861364, Iu8

69, 912

498,137

437, 788

50, 650109, 000

19,235, 658

00

9493

00

15

779065

71

31

4400

80

23 banks

$3 246, 300

1,177,112502, 866

2, 021, 060

3,680

7, 344, 627288, 650

16. 405

290, 886

303, 976

154, 95261, 000

15, 411, 518

00

9442

00

15

991041

01

93

6700

62

23 banks.

$3, 246, 300

1,189, 978323, 000

2, 002, 980

48, 433

7, 669, 044262,158

29, 674

215, 355

322, 852

184, 13466, 000

15, 559, 914

00

5064

00

65

609563

81

45

9900

22

24 banks.

$3, 576, 300

1,143, 097474, 982

2, 007, 500

5,214

8, 376, 662260,11940, 399

352, 222

374, 232

369, 45196, 000

17, 076,182

00

7548

00

15

671442

65

52

6500

43

Capital stock


Kat'l bank circulationState bank circulation

Dividends unpaid

Individual deposits..U. S. depositsDep'ts U.S. dis. officers




Total

W E

21 banks.

$2, Oil, 000 00

513, 888 97196, 882 58

1, 281, 620 00

17, 480 00

2, 543, 488 15

163, 292 01

35,781 16

10, 645 59

6, 774, 078 46

ST VIR

21 banks.

$2,011,000 00

505, 892 97130,261 62

1, 269,165 00

20, 494 00

2, 465, 980 74

116, 008 69

55, 247 66

22, 700 004, 000 00

6, 600, 750 68

GINIA.

21 banks.

$2,011,000 00

500, 740 13155, 136 64

1, 300, 200 00

18, 871 00

2, 315,141 49

108, 430 33

47, 914 37

77, 297 425, 000 00

6,545,731 38

21 banks

$2, 011, 000

505,107106, 978

1, 300, 015

47, 647

2, 342, 461

71,815

42, 997

64, 2925,000

6, 497, 315

00

5819

00

00

31

03

95

9400

00

21 banks.

$2, 011, 000

512, 056135, 691

1, 291, 765

22, 571

2, 529, 278

104, 380

58,170

27, 637

6, 692, 551

00

4022

00

00

85

96

96

50




NORTH CAROLINA.

Resources.

Loans and discounts.Bonds for circulation.Bonds for deposits...TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'lbanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..TJ S cert's of depositDue from U.S.Treas

Total

DECEMBER

15 banks

$4, 612,1461, 262, 000

300, 00020,150

477, 72 L750, 359335, 374

76, 295275, 85248,00151, 22450 724

158. 7901,720

168 113327, 688

56,148

8, 872, 312

20.

860000005988569678163458

0095

-1500

14

25

MARCH 10

15 banks.

$4,605,1001, 262, 000

200, 00020,150

461,356742, 522251, 691

56,132252,106

17, 84451, 22433 053

151,1822,598

281 094382,140

56, 741

8, 826, 938

9900000035755496681134<S\

0034

"M00

09

83

MAY 6.

15 banks.

$4, 704, 3661, 262,000

200, 00020,150

447, 028359, 974208, 935

52, 830280, 087

33, 73251, 22457 695

87, 9623,534

275 854404, 911

59, 483

8, 509, 770

1400000037647940048634^

0062

qo00

17

81

JULY 1.

15 banks

$4, 904, 2771,162, 000

250, 00020,150

459,66L293, 007215, 05347, 491

267, 82318, 45047, 97428 451

90, 7192,975

234 477257,175

49, 513

8, 349, 200

3300000014902041205634

0034

0700

49

92

OCTOBER 1.

15 banks .

$4, 671, 983 291,162, 000 00

250, 000 005, 000 00

335, 698 84365, 075 43202,063 10

53, 242 21259, 738 7433,539 1782, 541 8436 525 04

144, 443 003, 911 25

124 00231 740 79263,186 00

49,560 34

8, 150, 373 04

SOUTH CAROLINA

Loans and discounts.Bonds for circulation.Bonds for deposits...TJ. S. bonds on hand .Other stocks and b'dsDue from res've ag'ts.Due from nat'lbanksDue from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecieLegal-tender notes . .TJ. S. cert's of deposit.Due from TJ. S. Treas

Total

14 banks.

$3, 417,181 041, 247, 600 00

250,000 003, 100 00

562, 546 791,147, 444 92

856, 558 74141,783 13206,934 1582, 192 9931, 530 6054,794 84

223, 304 001, 309 38

164, 054 05490, 474 00

59, 937 60

8, 940, 746 23

14 banks.

$3, 772, 092 911, 247, 600 00

250, 000 003, 100 00

534, 602 20811,814 81749, 379 44103, 879 00205, 325 2130, 269 5026, 562 9540, 920 80

186, 808 001, 462 82

311, 520 35436,187 00

57, 945 05

8,769,470 04

14 banks.

$4, 217, 382 241, 247, 600 00

250,000 003,100 00

515,584 51430, 253 67601, 930 7164,3:57 61

202, 347 4470, 273 0526, 562 9518,117 39

142,015 001, 725 81

323, 681 80319, 548 00

14 banks.

$4, 255, 164 211,161,350 00

250,000 003,100 00

515, 674 48248, 346 134L7, 452 27

73, 568 01198, 847 4425, 466 8425, 926 7017, 310 27

80, 039 001,485 19

266,094 66286, 204 00

58,183 05 i 57, 880 65

8, 492, 643 23 7, 883, 909 85

14 banks.

$4, 589, 642 741,161, 350 00

250, 000 003,100 00

520, 717 73 .170, 805 04312,948 59

51, 504 32198,847 4442, 09y 60'25, 676 7034, 999 03

194, 605 001, 269 37

235, 892 36312, 239 00

60,513 25

8,166, 210 17

GE ORGIA.

Loans and discountsBonds for circulation.Bonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..TJ. S. cert's of deposit.Due from TJ. S. Treas.

Total

15 banks .

$4,580,275 101, 861, 000 00

110, 000 00

198,154 94*496, 867 57311, 823 41153,936 44417, 426 4289,218 3948, 617 81

106, 777 02

352,155 002,408 25

366, 657 43443, 075 00

15 banks .

$4, 453, 865 361, 861, 000 00

110, 000 0050,000 00

295, 768 24309, 435 01183,828 69123,667 13418,143 98

37,096 4954, 634 6898, 748 56

243,269 003, 744 06

534,055 93332, 295 00

97,404 66 97,102 26

9, 635, 797 44 9, 206, 654 39

15 banks .

$4,529,423 561, 861, 000 00

110, 000 0050,000 00

275, 748 24112, 745 28124,133 20

94, 912 51432, 093 88

73, 594 3554,134 68

113,071 82

232,412 003, 890 73

506,139 68253, 563 00

90, 002 26

8, 916, 865 19

. 15 banks .

$4, 704, 799 001,861,000 00

110, 000 0050,000 00

264,130 74106, 476 45125, 126 41105, 690 41439, 974 7111,371 4352, 659 68

122, 267 76

199, 277 004, 370 51

492, 345 50271,612 00

88, 379 20

9, 009, 480 80

16 banks .

$5, 383, 089 491,792,000 00

110,000 00

229, 290 74101,136 43116, 732 94147, 546 82460, 980 12

45, 760 3953, 956 47

126, 945 09

248, 663 004, 570 27

441,577 07321,017 00

83, 573 20


REPORT OF THE COMBTROLLER OF THE CURRENCY. 217


NORTH CAROLINA.

Liabilities.

Capital stock



Dividends unpaid

Individual deposits ..TJ. S. depositsDep'ts U.S.dis. officers




Total

DECEMBER 20.

15 banks.

$2, 401, 000 00

532,591 92386, 637, 56

1,112,185,00

4, 908 50

3, 883, 602 64155,830 1825, 220 74

195, 676 75

35,171 05

126, 987 9112, 500 00

8, 872, 312 25

MARCH 10.

15 banks .

$2, 401 000 00

547, 496 84317,377 29

1,101, 050 00

6, 344 50

3, 932, 513 13170,620 3224,963 14

131, 641 36

45, 311 47

148, 620 78

8, 826, 938 83

MAY 6.

15 banks.

$2, 401, 000

547, 496362, 414

1, 094, 085

4,748

3, 610, 360156, 0(50

31, 751

90, 870

42, 931

148, 05220,000

8, 509, 770

00

8476

00

00

106984

02

37

1900

81

JULY 1.

15 banks.

$2, 401, 000 ,00

549, 496 84274, 408 82

1, 010, 290 00

29, 756 50

3, 310,159 39179, 243 7433, 266 67

80,663 27

24, 268 31

316, 647 38140, 000 00

8, 349, 200 92

OCTOBER 1.

15 banks .

$2, 063, 500

472, 378235, 799

993, 415

2,999

3, 237, 571210, 81517,312

229, 266

22, 050

525, 264140, 000

8,150, 373

00

7145

00

00

765a74

13

32

4300*

04

SOUTH CAROLINA.

Capital stock



Dividends unpaid

Individual deposits ..U. S. depositsDep'ts U.S.dis.officers


Due to State banks..


Total

14 banks

$1, 935, 000

772, 500719, 256

1, 096,110

7,866

3, 682, 568156, 207

63, 635

214, 475

293,125

8, 940, 746

00

0087

00

50

989913

39

37

23

14 banks.

$1, 935, 000 00

778,000 00635, 280 02

1, 068, 345 00

11, 250 75

3, 602, 983 05199, 635 7733, 836 05

160, 575 31

344, 564 09

8, 769, 470 04

14 banks

$1, 935, 000

778, 000730, 877

1, 053, 525

9,194

3. 261,106182, 38548, 566

174, 226

272, 259

32, 50115, 000

8, 492, 643

00

0086

00

50

421090

76

18

5100

23

14 banks

$1, 935, 000

802, 000550,685

953, 970

42, 626

2, 900, 397177, 372

39, 297

143, 744

150,128

125, 68663, 000

7, 883, 909

00

0056

00

50

906288

52

53

3400

85

14 banks.

$1, 935, 000

802, 000589, 698

1, 002, 445

9,342

2, 723, 042187, 43133, 850

212, 879

179, 880

346, 639144, 000

8, 166,210

00

0049

00-

50

585806

76-

23

9700

17

GEORGIA.

Capital stock



Dividends unpaid

Individual deposits..U. S. depositsDep'ts U.S.dis.officers




Total

15 banks

$2,436 000

815, 355406, 280

1, 648,180

2,650

3, 679, 967

38̂ 007

177, 461

190, 328

73, 607110,000

9, 635, 797

00

0080

00

00

491317

65

91

2900

44

15 banks .

$2, 436, 000

855, 790322,176

1, 642, 300

2,696

3, 455, 52642, 89857,181

176, 912

179,187

25, 98310, 000

9, 206, 654

00

9534

00

00

119684

75

99

4500

39

15 banks.

$2, 436, 000

855, 790405, 925

1, 646, 780

1,945

3, 045, 36944, 77631, 509

152, 790

113, 452

127, 52455, 000

8, 916, 865

00

9573

00

00

401697

73

84

4100

19

15 banks .

$2,436 000

887, 959270, 491

1, 645, 555

30, 200

3,103. 36367, 78315, 878

123, 358

95,170

263, 71870, 000

9, 009, 480

00

2115

00

50

788086

55

98

9700

80

16 banks.

$2, 472 345

813. 350336, 807

1, 570, 900

2,482

3, 335, 35135, 07636, 297

247, 298

137, 242

603, 69076, 000

9, 666, 842

no9305-

00

50

739358

22

07

0200

oaDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Abstract of reports since September 30? 1884, arranged

PL ORID A.

Resources.

Loans and discountsBond 8 for circulation.Bonds for depositsXT. S. bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'lbanks.Due from State banksReal estate, <fecCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollars .SpecieLegal-tender notes ..U.S. cert's of deposit.Due from U. S. Treas.

Total

DECEMBER 20.

4 banks.

$453, 695 82122,500 00

61*, 77i i i35, 714 598, 252 88

27,555 6628,074 8518, 802 651,725 006, 417 36

21,752 00554 61

16,095 9577, 745 00

3,548 15

884, 205 66

MARCH 10.

4 banks.

$443,130 86122, 500 00

72, 020 94206, 787 5511,150 1129, 328 8837,416 9814, 330 031, 725 007, 910 26

53, 926 00321 55

42, 804 9097, 662 00

7, 574 15

1,148, 589 21

MAY 6.

5 banks.

$530, 415 29147, 500 00

68, 527 11243, 687 54

28, 435 0549, 085 8641, 774 3021,175 34

3, 086 125, 738 59

72,184 00433 15

42, 025 70134, 516 00

5, 699 15

1, 394, 283 20

JULY 1.

5 banks.

$581,170 76147, 500 0050, 000 001, 300 00

75, 418 62190, 737 9788,156 0951, 420 7543, 682 4322, 606 929,333 125, 472 98

54, 835 00496 99

54, 056 55107, 759 00

6,199 15

1, 490,146 33

OCTOBER 1.

5 banks .

$644,531 03147, 500 0050, 000 005, 700 00

82,198 3757, 388 8235, 705 7332, 954 2943, 086 3718, 767 029, 979 997, 307 82

54,983 00504 76

35, 601 80102,581 00

5, 699 15

1, 334, 489 15

ALABAMA.

Loans and discounts.Bonds for circulationBonds for deposits ..XT. S. bonds on handOther stocks and b'dsDue from res've ag' tsDue from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U. S. Treas.

Total

10 banks.

$2, 872, 066 751, 017, 000 00

100,000 00

345, 591 22444, 730 46239, 287 63136,043 54178, 667 9259,045 5481, 528 5418, 933 34

130,551 001,121 51

238, 632 31236,328 00

42,114 21

6,141, 643 97

10 banks.

$2, 574, 250 221, 067, 000 00

100, 000 00

344, 774 84493, 988 70418,253 78187, 530 30184, 039 8937, 402 5484,126 0057, 378 73

228, 864 001,601 35

339,807 91244, 858 00

47, 978 11

6, 411, 854 37

10 banks . I 10 banks .

$2, 703, 625 701,117, 000 00

100,000 00

381,261 85196, 716 16513,092 21204, 772 45189, 581 2560,102 6090,251 0034,017 29

124, 072 001, 404 92

274,017 66206, 769 00

46, 971 96

6, 243, 656 05

$2, 874,125 511,117, 000 00

100, 000 00

414,132 60263, 445 10380,415 7593,427 71

189, 035 581, 516 95

88,289 1428,155 22

124,468 661, 924 95

245,510 15239,153 00

50, 258 76

6, 210, 858 42

10 banks .

$3,265,790 121,117, 000 00

100,000 00

477, 774 50113, 073 51189, 943 47101, 087 47192, 765 5830, 175 3771,332 6035, 286 06

95,543 001,378 78

24i, 887 90167, 764 00

47, 368 76

6,248,171 12

MISSISSIPPI.

Loans and discountsBonds for circulationBonds for depositsTJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash items .Clear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tendef notes ..TJ. S. cert's of depositDue from TJ. S. Treas

Total

5 banks.

$591,887205, 000

1,60058,11837, 615

200, 42436,15531,61515 48324, 5811 257

6,88765

101 52632,172

6,800

1, 351,190

3400

0038373832324487•10

0059

8500

00

26

5 banks.

$445, 062205, 000

1,60047, 891

183, 708249, 235

91,12034, 54?10, 64623, 2556 753

8,491735

177 10247, 503

10, 825

1, 543, 478

18800

002465401132314391

0071

7800

00

74

6 banks.

$545, 798 33217,500 00

i,600 6650,163 4671,100 27

249, 980 5453, 688 7839, 644 6517,169 5425, 921 31

5 099 11

13,875 00531 02

105 471 6568, 380 00

12,625 00

1, 478, 548 66

6 banks.

$720, 838217, 500

1,60091, 55372, 20362,15126, 35640, 28510,14924, 562

2, 209

14, 502505

108 67046,184

14, 293

1, 453, 565

6200

002509276240613177

0068

00

35

62

6 banks.

$1, 074, 609175,000

1,60085, 80622, 55024, 0878,761

44, 01813, 37412,9009,292

26,161336

82 35241, 682

6,247

1, 628, 781

2200

002989656525749448

0087

•1000

49




FLORIDA.

Liabilities.

Capital stock



Dividends unpaid





Total .

DECEMBER

4 banks.

$200 000

16, 42219,731

81, 840

514, 063

3,225

45, 423

3,500

884, 205

20.

00

7057

00

01

38

00

00

66

MARCH 10

4 banks.

$200, 000

17, 92217, 095

88.415

810, 867

3,619

5,669

5,000

1,148, 589

00

7007

00

85

29

30

00

21

MAY 6.

5 banks .

$300, 000

19, 92226, 304

89, 385

932, 499

14,196

9,975

2,000

1, 394, 283

00

7059

00

43

06

42

00

20

JULY 1.

5 banks.

$300, 000

19, 92230, 469

88, 540

958, 30641, 8831,026

35, 254

8,741

6,000

1, 490,146

00

7063

00

78%86

70

70

00

33

OCTOBER 1.

5 banks .

$300, 000 00

19, 922 7036, 298 34

120,185 00

782, 280 9035,037 55

2, 715 28

14,178 47

23,870 91

1, 334, 489 15

MISSISSIPPI.

5 banks.

Capital stock

Surplus fundUndivided profitsNat'l bank circulationState bank circulation .

Dividends unpaid.

Individual deposits...U. S. deposits

$425, 000 00

10, 824 3548, 042 30

165,100 00

5 banks.

$425, 000 00

18,400 0035, 674 71

163, 350 00

6 banks. 6 banks.

$450, 000 00

19, 400 0056, 881 34

164,900 00

639,266 99

200 00

875, 317 75

200 -00

772, 829 48

$475, 000 00

20,100 0055, 615 56

175, 340 00

5, 200 00

690, 847 73

Dep'ts U.S.dis. officers




42, 915 57

4, 941 05

15,100 00

Total I 1,351,190 26

8, 650 55

16, 885 73

9, 339 01

4, 998 83

1, 543, 478 74 I 1, 478, 548 I

10, 612 16

10, 850 17

10, 000 00

Capital stock



Dividends unpaid

Individual deposits...U. S. depositsDep'ts U.S.dis.oflicers




Total

10 banks

$1, 735, 000

256,100271, 976

914, 400

2,166

2, 591, 00984, 254

8,144

54, 638

85, 864

108, 09030, 000

6,141, 643

00

0012

00

00

910661

32

05

9000

97

AL AB A

10 banks .

$1, 835, 000 00

282, 000 00209, 686 73

943,900 00

5, 540 00

2, 843, 863 8084, 550 41

4, 966 48

47, 969 73

53, 073 02

81, 304 2020, 000 00

6, 411, 854 37

MA.

10 banks

$1, 835, 000

282, 000271, 992

989, 500

. . . . . .1,178

2, 496, 71095,1469,107

67, 016

52, 981

123, 02420, 000

6, 243, 656

00

0016

00

00

730901

53

03

5000

05

10 banks.

$1, 835, 000

285, 500205, 096

990, 050

29, 010

2, 421, 07491, 644

212

32, 795

33, 925

286, 539

6, 210, 858

00

0059

00

00

069276

22

87

00

42

10 banks .

$1, 835, 000

290, 650212, 571

990, 450

5,347

* 2, 143, 31182, 3265,684

106, 537

39, 221

537, 071

6, 248,171

00

0067

00

20

127948

18

08

60

12

6 banks.

$475, 000' 00

39,100 0038, 003 50

150,990 00

320 00

597, 416 08

101, 934 53

33,327 00

192, 690 76

1, 453, 565 62 1, 628, 781 87Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



LOUISIANA.

Resources.

Loans and discounts.Bonds for circulationBonds for depositsXL S. bonds on bandOther stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paid

Clear'g-house exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecie . .Legal-tender notes. . .TJ. S. cert's of depositDue from U. S. Treas.

Total

DECEMBER 20.

1 bank.

$131,977 43100, 000 00

9,187 999,430 70

110 212,817 87

986 703, 552 383, 375 00

282 0044 88

17, 628 663,125 00

4, 500 00

287,018 16

MARCH 10.

1 bank.

$136, 557 08100,000 00

9, 207 494,033 681, 505 92

28 78986 70

1, 812 233,000 00

1, 589 0092 36

17,792 506,195 00

4, 500 00

287, 300 74

M A T 6.

1 bank.

$133, 289 28100, 000 00

9, 207 49388 46917 06268 31986 70

2, 819 283, 000 00

1, 662 0020 10

19,174 002,880 00

4, 500 00

279, 112 68

JULY 1.

1 bank.

$133,170 77100, 000 00

9, 387 995,117 57

563 951,105 36

986 7066 60

3,000 00

280 006 63

13, 283 005, 752 00

4, 500 00

277,220 57

OCTOBER 1.

1 bank.

$130,948 38100, 000 00

9, 187 993, 539 45

344 16213 86

1,144 802, 448 883, 000 00

890 0030 36

14, 653 502, 867 00

4, 500 00

273,763 38

CITY OF NEW ORLEANS.

Loans and discountsBouds for circulation.Bonds for depositsU. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks'..Fractional currency .Trade dollarsSpecieLegal-tender notes . .U. S. cert's of deposit.Due fromU. S. Treas

Total

8 banks.

$9, 666, 389 202,225,000 00

7, 300 00812, 749 99583, 532 66817,205 87456,303 90402, 756 49159, 900 4154,013 001, 975 55

1, 753, 592 50106, 760 00

4, 404 65

905,747 60751,183 00

101, 625 00

18, 310, 439 82

8 banks.

$8,681,060 422, 225, 000 00

516,750 00967, 673 18

1, 652, 965 922C9, 238 94576, 177 27400, 924 6277, 947 6090, 663 002, 143 43

900, 894 59217,603 00

7, 461 46

2, 024, 499 001,651,830 00

104,625 00

20, 307, 457 43

8 banks.

$9, 277, 862 822, 225, 000 00

507,150 001, 040, 192 981,110. 123 28

197,071 36452, 943 06401,574 87135, 232 5690, 423 00

813 43646, 383 0919*, 354 00

8, 089 95

1, 945 147 001,948,701 00

104, 625 00

20, 279, 687 40

8 banks.

$9,166, 022 832, 025, 000 00

70,400 001,117, 822 021,142, 681 84

151, 34 L 89405, 520 63409, 842 63

2,830 9171,971 80

106 86658, 595 53132, 025 00

8, 822 51

1, 020, 479 751, 658, 359 00

100,480 00

18,142, 303 20

8 banks.

$9> 729, 589 782,125, 000 00

7, 450 001, 016, 860 36

495,351 38154,150 92297,378 19427,461 4692, 867 6962, 003 83

696 87808,367 16124, 932 0010, 965 61

817. 950 501, 087J 830 00

100,175 00

17, 359, 030 75

TEXAS.

Loans and discountsBonds for circulation.Bonds for deposits . .TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDu e from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes . .U. S. cert's of deposit.Due from U. S. Treas

Total

61 banks.

$11, 651, 514 55], 866, 750 00

125, 000 00260, 000 00239, 092 12

1, 319, 503 77681,816 41664,462 24637,077 05230,007 84136, 571 42107,184 94

570, 879 0010, 338 15

731,169 911, 339, 867 00

81, 034 53

20, 652, 328 93

65 banks.

$12, 229, 782 841, 957, 000 00

125, 000 00

156, 739 361,140,463 61

698, 297 27590, 917 07668, 027 18139, 226 66155, 140 48106, 783 75

460, 235 0012, 965 93

1,037,537 821,099,212 00

89, 032 35

20, 666, 361 32

66 banks.

$12, 785, 262 971, 962, 000 00

125, 000 00500 00

201,768 801,099.302 30

793, 953 65653, 997 03684, 932 89204,412 83156, 305 8897, 314 38

462, 955 0017, 399 97

922, 520 501, 097, 842 00

88, 078 79

21, 353, 546 99

68 banks.

$13, 088, 748 871,930,000 00

125, 000 001, 000 00

180, 259 741, 088,126 87

892, 823 52726,597 01695, 536 7691, 566 42

152, 875 81103, 943 38

430, 747 0020, 807 91

971,174 131,159, 363 00

93, 897 66

21, 752, 468 08

68 banks.

$13, 777, 215 511,950,500 00

125, 000 00

263, 343 881, 292, 962 99

886, 802 36694,445 90735,164 89140, 072 00153, 917 80233,156 32

485, 615 0013, 567 43

6 00883,443 15

1,002,463 00

95,461 53

22, 733,137 76Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


by /States and reserve cities—Continued.

L OUISI AN A.

Liabilities

Capital stock



Dividends unnaid


Dept'sU.S.dis.oflicers



Notes re-discounted

Total

DECEMBER 20.

1 bank.

$100, 000 00

6, 000 008, 713 02

90, 000 00

82, 305 14

287, 018 16

March. 10.

1 bank.

$100,000 00

7, 000 004, 698 63

90, 000 00

8 00

85, 594 11

287, 300 74

M A Y I .

1 bank.

$100, 000 00

7, 000 007, 218 86

90, 000 00

4 00

69, 614 18

5, 275 64

279,112 68

J U L Y 1.

1 bank.

$100,000 00

9,000 00874 54

90, 000 00

1, 312 00

72,191 85

3, 842 18

277,220 57

OCTOBER 1.

1 bank.

$100, 000 00

9, 000 004, 455 10

90,000 00

88 00

70, 220 28

273, 763 38

CITY OF NEW ORLEANS.

Capital stock


Xat'l bank circulationState bank circulation

Dividends unpaid

Individual deposits..U. S. depositsDept ' s U. S.dis.oflices




Total

8 banks .

$3, 525, 000 00

1,195, 000 00735, 731 34

1, 980, 930 00

18,115 48

9, 514, 184 70

446,156 43

895,321 87

18, 310, 439 82

8 banks.

$3, 525, 000 00

1, 257,132 42486, 953 82

1, 965, 050 00

20, 977 03

10, 991, 687 17

1, 030, 735 58

1, 029, 921 41

8 banks.

$3, 525, 000 00

1,257,132 42603, 540 87

1, 954, 595 00

18,147 03

11, 081, 315 07

1, 002, 655 48

837, 301 53

20, 307, 457 43 | 20, 279, 687 40

8 banks.

$3, 525, 000 00

1, 296, 715 70360, 974 38

1, o53, 545 00

85,151 08

10,174, 445 44

391,474 07

754, 997 53

18,142, 303 20

8 banks.

$3, 525, 000 CO

1, 296, 715 70501, 887 45

1, 886, 345 00

11, 244 75

8, 923, 526 74

385, 633 55

828, 677 56

17, 359, 030 75

TEXAS.

Capital stock



Dividends unpaid

Individual deposits ..U. S. depositsDep'tsU.S.dis. officers




Total

61 banks.

$6 142,100

1, 712, 7101,159,108

1, 653, 495

1, 360

8, 285, 51544, 45272, 084

315, 978

577, 237

303,528384, 758

20, 652, 328

00

7639

00

00

305021

95

32

3614

93

65 banks

$6,551,800

1,916,100653, 076

1, 700, 465

6,898

8, 308, 81527, 73957, 436

403, 775

513, 577

396, 867129, 750

20, 666, 361

00

2816

00

25

121396

31

17

9400

32

66 banks

$6, 676,100

1,948,460840, 426

1, 729, 595

1,097

8, 499, 43369, 84962, 320

472, 013

490,274

412, 226151, 750

21, 353, 546

00

2899

00

00

892775

10

58

1300

99

68 banks

$6, 805, 000

2, 016, 411626, 324

1, 686, 755

80, 520

8, 873,13136, 59774, 472

436, 695

534, 532

415, 276166, 750

21, 752, 468

00

5482

00

00

966653

83

71

0300

08

68 banks .

$6 880 000

2, 002, 202844, 255

1, 739, 250

2,148

9,183, 87251,48140, 563

482,185

542, 718

744, 053220, 406

22, 733,137

00

9144

00

00

321901

93

68

5865




ARKANSAS.

Resources.

Loans and discounts.Bonds for circulation.Bonds for deposits...IT S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due fromU. S. Treas.

Total

DECEMBER 20.

4 banks .

$994, 441 24230,000 00100,000 00

64,037 47270, 708 9233, 680 6121, 226 1917, 600 594,110 155,143 452, 845 44

54, 705 00799 19

75,537 05128,191 00

10, 350 00

2,013,376 30

MARCH 10.

5 banks.

$920, 739 33260, 000 00100, 0 i0 0040,000 0067,793 19

329, 675 4185, 711 8231, 946 7618,425 282, 339 476, 343 45

21, 046 70

41, 977 001,115 92

116, 592 8569, 520 00

10, 660 00

MAY 6.

6 banks.

$1,431, 618 29310,000 00100, 000 00

40, 200 0057, 597 04

495, 976 5098, 072 2773, 272 6423,682 66

6, 823 067, 880 45

10, 589 04

74,569 002, 415 93

160, 468 75105, 211 00

14,841 40

2,123, 887 18 j 3, 013, 218 03

JULY 1.

6 banks.

$1, 533,162 21310,000 00200,000 00

' 40,200 0057, 409 04

347,153 4741, 670 8552, 506 2523,682 664, 306 52

11,005 457, 200 53

42, 336 003, 403 00

120, 989 0084, 250 00

14, 098 40

OCTOBER 1.

6 banks .

$1, 801, 245 41360, 000 00100,000 0040,200 0051, 256 18

251,680 9511, 776 0525, 306 3123,682 66

2, 309 7011, 005 45

2, 804 52

32, 975 003, 556 60

119, 543 3084,711 00

16, 256 00

2, 893, 373 38 | 2, 938, 309 13

KENTU CK Y.

Loans and discountsBonds for circulation.Bonds for deposits..IT. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..IT. S. cert's of deposit .Due from TJ. S. Treas

Total

58 banks .

$14, 871, 270 476, 939, 700 00

450, 000 007, 050 00

824, 035 691, 259, 028 70

618,433 83239, 790 65536, 250 25151, 760 38316, 970 9667, 392 37

242, 533 004, 275 46

471,632 80421,422 00

299, 692 03

27, 721, 238 59

59 banks .

$15, 053, 997 016, 964, 700 00

450, 000 004, 500 00

826,831 251,198,141 81

686, 864 49268, 657 98531, 509 06

82, 039 00305, 655 83

65, 643 84

278,661 004,490 07

508, 747 54457, 298 00

286,780 65

27,974,517 53

59 banks .

$15,444,770 186, 815, 300 00

450, 000 004, 200 00

660, 574 27948, 944 52610, 958 46183, 276 26520,138 39104,190 26314, 870 9566, 365 74

317, 474 004,113 01

564,118 46418, 099 00

278, 809 00

27, 706, 202 50

59 banks .

$15,401,401 046, 615, 300 00

450, COO 003, 350 00

693, 795 331, 024, 025 83

570, 020 28] 39, 033 67501, 204 44

33, 662 15301,174 49110,154 74

278, 909 004,565 60

562,195 52397, 748 00

255, 906 00

27, 342, 446 09

59 banks .

$14,942,400 236, 440, 300 00

450, 000 008, 200 00

722,801 951, 240, 709 77

748, 704 95200,415 98501,174 80127, 064 10295, 379 36

57, 224 92

278, 553 004, 608 786, 851 10

624, 241 25402, 633 00

278,154 20

27, 329, 417 39

CITY OF LOUISVILLE.

Loans and discountsBonds for circulationBonds for deposits...TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from IT. S. Treas

Total

9 banks .

$7, 753, 3483, 033, 700

900, 0006, 450

144, 412441, 397247,135148, 908118, 626

38, 229165, 58447,19169,11942,448

512

265,104295, 550

138, 514

13, 856, 234

220000007544692580466263670075

9000

00

18

9 banks .

$7, 747, 8513, 033, 700

900, 0006,450

291, 156387, 202181, 782176, 675124, 046

58, 440163, 80037,12836, 90148, 920

546

427, 516378, 890

137, 513

14,138, 523

620000009637241105868785700014

8000

50

07

9 banks .

$7, 984, 8443, 033, 700

900, 0001, 450

280,189410, 912188, 153137, 064132, 524

28, 840163, 62829, 89526, 65143, 423

570

259, 045323, 800

138, 513

14, 083, 205

560000002350492481203717190033

1500

75

99

9 banks.

$7, 753, 9253, 033, 700

900, 0003,950

364, 975551, 595206, 021116, 821173, 524

17, 908170, 00552, 98934, 90546, 994

416

311, 723333,430

142, 014

14, 214, 900

500000001001824923497389880053

0500

00

72

9 banks .

$7, 788,1532, 833, 700

900, 0001,350

340, 230431, 609267, 913126, 333173, 439

81, 384162, 09653, 85950, 36571, 997

1,0301,170

38fy 468511, 420

130, 514

14, 313, 036

550000009055773445098772440012004000

00




ARKANSAS.

Liabilities.

Capital stock



Dividends unpaid

Individual deposits..TJ. S. depositsDp'tsU.S.dis.officers.




Total

Capital stock



Dividends unpaid

Individual deposits..U. S. depositsDep'tsU.S.dis. officers




Total

Capital stock



Dividends unpaid





Total

DECEMBER 20.

4 banks.

$405, 000 00

148, 273 8144, 354 70

205, 700 00

890 00

1,057,051 4655, 298 4915, 388 81

2, 299 79

13, 697 24

55, 422 0010, 000 00

2, 013, 376 30

58 banks.

$9, 458, 900 00

1, 849, 084 49818, 027 97

6,192, 860 00

15, 627 50

8, 245, 429 05321, 933 39

3, 821 07

424, 628 11

293, 037 21

53, 385 0044, 504 80

27, 721, 238 59

C I T Y

9 banks .

$3, 551, 500 00

791, 603 68221, 514 08

2, 730, 004 00

9, 624 00

2, 870, 826 27640, 536 04154, 470 54

1, 221, 048 96

1,108, 052 98

472, 053 6385, 000 00

13, 856, 234 18

MARCH 10.

5 banks.

$505,000 00

160, 584 5228, 711 33

204,700 00

1, 703 00

1,102,701 9861, 338 5713, 456 56

5, 933 09

35, 258 13

4, 500 00

2,123,887 18

KENTU

59 banks .

$9, 620, 500 00

1, 909, 968 77586, 610 26

6,214,710 00

21,106 50

8, 400, 947 20337, 709 16

13, 458 01

400, 583 11

331, 695 97

81,191 2056, 037 35

27, 974. 517 53

or L ou9 banks .

$3, 551, 500 00

795, 603 68263, 935 08

2, 723, 804 00

5, 690 00

2, 914, 171 79698, 810 2784, 841 36

1, 451, 698 54

1, 281, 962 66

281.505 6985, 000 00

14,138, 523 07

MAY 6.

6 banks.

$705, 000 00

163, 889 8445, 230 57

256,100 00

1, 286 00

1, 690, 962 6558, 464 3419, 208 96

15, 668 47

51, 088 03

6; 319 17

3, 013, 218 03

CK Y.

59 banks.

$9,628,900 00

1, 814, 453 76717, 443 96

6,110, 720 00

16, 385 50

8, 057, 589 61331,674 11

17, 593 66

424, 503 11

319, 579 44

208,828 7358, 530 62

27, 706, 202 50

ns VILL

9 banks.

$3, 551, 500 00

803, 474 48215,893 10

2, 721, 704 00

27, 973 50

2, 986, 974 09633, 394 81148, 751 27

1, 415, 927 43

1,154, 756 63

372, 856 6850, 000 00

14,083, 205 99

JULY 1.

6 banks.

$705, 000 00

166,170 3239, 071 31

277, 700 00

12, 816 00

1, 548, 000 70• 58,144 98

8, 469 31

33, 217 59

34, 464 00

10, 319 17

2, 893, 373 38

59 banks .

$9, 708, 900 00

1, 937, 585 68460, 410 17

5, 914, 200 00

129, 805 50

8, 049, 297 71315, 339 7111,137 59

267, 860 67

304, 654 98

231, 229 1812,024 90

27, 342, 446 09

E .

9 banks .

$3, 551, 500 00

809,441 26184, 547 80

2, 730,180 00

42, 546 50

3, 216, 983 57609, 450 61153, 560 20

1, 473, 796 74

1,146, 748 01

266,146 0330, 000 00

14,214, 900 72

OCTOBER 1.

6 banks .

$705, 000 00

166,170 3247, 839 71

323,300 00

2, 553 00

1, 513, 893 0632, 923 2511,378 08

20, 581 43

31,484 96

83,185 32

2, 938, 309 13

59 banks.

$9, 648, 900 00

1,922,323 18695, 237 61

5, 714, 770 00

26, 970 00

8,233,931 38333,738 14

9,350 22

350,489 31

269,188 73

124, 518 82

27, 329, 417 39

9 banks.

$3, 551, 500 00

809,441 26312, 680 28

2, 550, 230 00

5, 304 00

3, 401, 878 31603, 970 84178, 631 12

1, 335, 832 28

1, 214,244 25

349, 323 86




TENNESSEE.

Resources.

Loans and discounts.Bonds for circulation.Bonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U. S. Treas.

Total

DECEMBER 20.

33 banks .

$11,080,448 172, 534, 000 00

350, 000 005,700 00

460,199 041, 034, 901 71

520, 210 26141,407 18430, 676 79116,982 91136,943 632*17, 406 30

94, 927 56412, 983 00

2, 514 89

662, 455 61493, 426 00

123, 216 08

18, 818, 399 13

MARCH 10.

33 banks .

$11, 461, 722 432, 534, 000 00

350, 000 0024,100 00

462, 749 62964,611 19827,142 63177,110 52436, 746 15120,112 53152,154 88165,128 38

69, 842 53386,140 00

3, 375 29

860, 559 54564, 320 00

131, 939 67

19, 691, 755 36

MAY 6.

32 banks .

$11,240,560 852, 484, 000 00

350, 000 0025, 950 00

461, 150 718(M, 649 64575, 489 33160, 468 37411,416 20110, 864 57151, 903 38188, 912 7056, 549 40

339, 473 003, 429 23

799, 069 25559,135 00

125, 647 42

18, 850, 669 05

JULY 1.

33 banks .

$11, 030, 213 332, 496, 500 00

350, 000 0026, 900 00

488, 078 56893, 546 40426, 382 63162, 478 68416,227 49

26, 049 24140, 923 53295, 421 45

22, 856 87292, 359 00

4, 552 65

779, 611 78455, 787 00

110, 856 92

18,418, 745 53

OCTOBER 1.

32 banks .

$11, 554,177 462, 371, 500 00

350, 000 00-4, 050 00

459, 878 24703,714 57429,219 08146, 608 30403, 947 51

57,469 64144,143 91173, 109 5237,194 63

232, 090 002, 906 312,161 50

696, 815 02517, 389 00

111,408 65

18, 397, 783 34

OHIO.

Loans and discounts.Bonds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U.S. cert's of deposit.Due fromU. S. Treas.

Total

183 banks.

$41,005,521 0215, 589, 750 00

500,000 00304, 500 00

2, 343, 982 593. 383, 746 38i; 260, 280 95

388,063 801, 683, 898 52

250, 224 90429,130 51398,340 10

16, 945 37989, 427 0024, 206 88

2, 323, 566 352,482, 770 00

5, 000 00697, 276 03

74, 576, 630 40

184 banks

$40, 559, 08715, 500, 250

450, 000442,000

2, 265, 0754, 325, 5801, 373, 646

442, 3501, 690, 454

380, 426460, 881351, 631

25, 2241, 329, 675

29,185

2, 549, 0362, 667, 646

5, 000714, 892

75, 562, 044

890000001964567312275782530097

42000013

84

183 banks

$40, 828, 29715, 362, 250

450, 000339, 750

2, 263,1953, 393, 6691, 323, 750

388, 6991, 696, 001

234, 406442,529354, 665

23, 7241,182, 529

29, 326

2, 644, 7092, 552, 562

5,000682, 362

74,197, 427

020000004051541705527702290040

61000048

78

183 banks .

$41, 241,136 7615, 327, 350 00

525, 000 00363,600 00

2,172, 516 593, 916, 287 421, 361, 325 33

448, 072 021,704,909 10

194,981 38441,158 19420, 765 05

20, 512 06989, 848 0026, 051 64

2, 345, 811 322, 279, 216 00

658, 656 88

74, 467,197 74

183 banks .

$40, 932, 229 4415,195, 250 00

525,000 00381, 800 00

2, 070, 628 874,131, 559 241, 286, 986 81

478, 449 331, 770, 944 62

400, 951 50446, 725 22350, 951 93

63, 588 201, 459,125 00

25, 904 6227,368 20

2, 671, 002 092,850,541 00

727, 793 48

75, 796, 799 55

CITY OF CINCINNATI.

Loans and discountsBonds for circulation.Bonds for deposits . -TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, <fec......Current expensesPremiums paidClear'g-house exch'gsBills or other banks..Fractional currency.SpecieLegal-tender notes ..U. S. cert's of depositDue fromU. S. Treas.

Total

12 banks

$17, 469, 7466, 084, 0001, 013, 000

627, 050522, 851

2, 023, 7651, 369, 486

703, 501229, 670147, 224471, 964

72, 301348, 601289, 348

1,998

450,1971,163, 956

805, 000291, 375

34, 088, 039

870000000551888725950846920041

55000000

80

12 banks

$17, 900, 7386, 084, 0001, 013, 000

436, 950900,315

2, 305, 4301,173, 239

837,159219, 961170, 005474, 718

53, 614291, 659470, 666

3,334

624, 7381, 455, 7351, 060, 000

285, 275

35, 760, 540

350000008005511363255310580065

00000000

58

12 banks

$18,6,1,

1,1,

1,1,

35,

645, 664084, 000013, 000448, 650984, 235514, 393189, 388756, 371228,101

99, 578492, 592

85, 379328, 049274, 411

2,188

524, 828269, 289190, 000310,175

440, 298

0800000080789685921781

920012

90000000

53

12 banks.

$186,1,

1,1,

280, 358 87084, 000 00188,000 00283, 500 00070, 390 89818, 066 85

1,173, 925 73

1,

34,

660, 654 68227, 913 4288,383 04

487, 372 9467 418 47

302, 343 58227, 343 00

2,862 52

446,406 00160,122 00815,000 00281, 875 00

665, 936 99

12 banks .

$18, 666, 7065, 585, 0001,188, 000

304, 5001, 027,1252, 235, 2121, 323, 634

701, 747228, 033182, 777451, 361

63 720331, 599355, 412

3,41113 471

1, 048, 0871, 976, 2851, 410, 000

254, 670

37, 350, 754

6200000032199027560664

5100270000000000




TENNESSEE.

Liabilities.

Capital stock !

Surplus fund iUndivided profitsNat'l bank circulation':State bank circulation!.

Dividends unpaid |

Individual deposits... |U. S. deposits j

Dep'ts U.S.dis.officersi


Due to State banks..Notes re-discounted..Bills payable

DECEMBER 20.

33 banks.

$5, 035, 300 00

1, 066, 106 75634, 338 40

MARCH 10.

33 banks .

$5,110, 300 00 I

1, 079, 920 39 !512, 780 71 I

MAY 6.

32 banks.

U, 942, 500 00

991, 904 89547,740 07

JULY 1. ! OCTOBER 1.

33 banks .

$5, 00,000 00

1, 006, 264 24387,122 17

2, 259, 350 00 , 2, 257,150 00 j 2, 227, 850 00 | 2, 214, 750 00

32 banks

$5, 007, 500 00

998, 499 82473, 495 19

2,114, 010 00

1, 966 00

8, 462, 532 01207, 861 62108, 079 29

540, 086 01

295, 704 34

195, 074 7112, 000 00

24, 733 50 |

9,180, 403 76187,621 86 ,91,200 83 j

!630, 505 50 j

543, 217 48 j

61, 335 83 |12, 585 50 s

1, 276 00

8,521,668 41215,987 0872,474 21

671, 380 25

517,943 01

127, 359 6312,585 50

Total 18, 818, 399 13 ! 19, 691, 755 30 j 18, 850, 669 05

11, 864 00

8, 448, 358 05208, 314 37

71, 799 07

511, 279 40

380,378 10 I

152, 030 6326, 585 50 j

1, 476 00

7, 783, 995 25212, 754 53

53, 048 19

850, 234 52

448, 884 32

447, 885 526, 000 00

18,418,745 53 j 18,397,783 34

Capital stock

Surplus fundUndivided profits....


Dividends unpaid

Individual deposits..U. S. depositsDep'ts U. S. dis. officers



Wotes re-discounted..Bills payable

Total

183 banks

$22

41

13

014, 000

546, 232877,033

861, 3304,386

32,181

00

8325

0000

60

29, 825,168 96373, 512 48

72, 009 70

1

74

080, 539

398, 722

365, 605125, 908

576, 630

83

73

0002

40

O HI

184 banks

$22, 044, 000

4,510,8121, 918, 9 J9

13, 743, 2554,376

17, 845

30, 778, 960347, 917

52, 469

1, 252, 689

481,162

322, 63787, 000

75, 562, 044

00

3613

0000

60

319447

10

01

9200

84

o.183 banks

$21

41

13

964, 000

480, 777635, 891

619, 7804, 376

54,191

29, 833, 708441, 89649,132

1

74

267, 914

438,183

269, 683137, 893

197, 427

00

3997

0000

60

730549

17

03

3005

78

183 banks

$21,

41,

13

30

1

74

984, 000

553, 031448, 402

665, 6244, 376

109, 910

360, 771394, 806

36, 841

064, 006

422, 874

324, 22098, 333

467, 197

00

4462

0D00

20

800493

09

06

2333

74

18c

$21,

4,1,

13,

31,

1

banks.

909, 580

562, 511962, 587

474, 5794,376

31,660

594, 912431, 581

52, 869

094, 983

480,119

163, 70633, 333

75, 796, 799

00

0257

0000

30

379951

03

28

1533

55

CITY OF CINCINNATI.

Capital stock

Sitrplus fundUndivided profits....


Dividends unpaid





Total

12 banks .

$8

1,

5

11

600, 000

119,500749,196

455, 600

22, 807

319, 355870, 000

3, 895, 077

1

34

653, 503

403, 000

088,039

00

0018

00

00

4000

99

23

00

80

12 banks

$8, eoo, ooo

1,170, 500037, 705

5, 392, 000

3,518

11, 939, 098870, 000

4, 711, 978

2, 032, 739

403, 000

35, 760, 540

00

0073

00

00

4200

49

94

00

58

12 banks

$8 600,000 00

1,180, 000 00552, 936 37

5, 3U6, 800

46, 671

12, 438, 700870, 000

4, 581, 388

1, 405, 802

398, 000

35, 440, 298

00

00

5000

34

32

00

53

12 banks

$8, 600. 000

1

5,

12

3,

1

34

206, 000452,104

430, 600

94, 014

207, 578957, 991

724, 572

600, 075

393, 000

665, 936

00

0096

00

00

0809

95

91

00

99

12 banks .

$8 600 000

1, 208, 000714, 490

4, 947,120

19,125

14, 060, 8031, 035, 000

4, 691, 568

1, 681, 646

393, 000

37, 350, 754

00

0061

00

00

8200

97

57

00

97

5745 OUE- -15Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



CITY OF CLEVELAND.

Resources.

Loans and discountsBonds for circulationBonds for deposits . .TJ. S. bonds on hand. .Other stocks and b'dsDue from res've ag' tsDuo from nat ' l banks .Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..TJ. S. cert's of depositDue from TJ. S. Treas.

Total

DECEMBER 20.

8 banks.

$11,284,268 29555, 000 00550, 000 00

2, 300 00485, 376 62

1, 344, 348 38903, 027 33346, 694 78726, 948 49

39, 672 3047,158 7543, 993 4497, 308 05

192, 348 004, 677 25

465, 169 551,122, 000 00

15,000 0024,474 50

18, 249, 765 73

MARCH 10

8 banks.

$11,193, 507655, 000500, 000

2, 300487, 469

1, 519, 466809, 273288, 951717, 407118,691

33, 15345, 346

100, 999263, 452

8,884

771, 454877, 000

15, 00030, 375

18,437,733

160000001268821491877573140060

21000000

13

MAY 6.-

8 banks .

$11, 549, 466655, 000500, 000

2, 300473, 331

1,023,6161, 016, 665

265, 913715,752

96425,12555, 85397, 687

346, 95812, 694

753, 6241, 038, 500

15, 00035, 075

18, 583, 528

440000006242465748590061440059

IS000000

35

JULY 1.

8 banks.

$11,529,982655, 000500, 000

2,400467,119

1, 325, 5671,167,609

38T, 406715,515

36, 66625, 12534 038

143, 711145, 329

6, 871

787 112857, 000

15, 00029, 575

18, 831, 031

280000001234147673710091630070

81000000

13

OCTOBER 1

8 banks.

$11, 5R3, 040655, 000500, 000

2, 400462, 469

1,160, 6411,041,065

410. 209714,811121, 68825,12545 916

143, 657446, 734

3, 5831 100

911 225985, 000

15, 00031,574

19,221,243

7000000012019771399800411700660041000062

15

Loans and discounts.Bondsfor circulation.Bonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDue from res Ve ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expenses. ...Premiums paidCash itemsClear1 g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U. S. Treas

Total

93 banks.

$24, 792, 9438,197, 800

850, 000372, 950

1, 756, 8473, 003, 0201, 740, 838

240, 5181, 270, 102

310000002393249083

272, 356 62179,018222, 894

78, 310846, 335

14, 573

1, 693, 5641, 826, 091

10, 000358, 052

47, 726, 218

8647710059

10000071

50

INDIA

89 banks.

$22,393,1H6 186, 995, 800 00

850, 000 00323, 350 00

1, 504, 658 012, 747, 334 311,702,725 34

256,647 971, 063, 459 56

125, 425 00172, 102 90242, 538 1169, 495 93

776,733 0014, 806 69

1, 781, 824 861, 859, 134 00

10, 000 00303, 774 79

43,193, 006 65

N A.

90 banks

$22, 858, 3257,150,800

850, 000323, 200

1, 498, 6753,190, 5791,933,683

267, 7561, 083, 470

250, 275224, 248203,710

59, 2481,064,254

16, 070

2, 062, 3771, 860, 000

10, 000308, 066

45, 214, 743

930000001084237066154032910093

55000070

42

90 banks.

$23, 276, 7677,146, 800

850, 000323, 850

1, 521, 9043,105, 0371,497,797

327, 6701, 091, 646

67, 152210, 927197,41655, 692

937, 36616, 055

1, 979, 7031, 623, 862

10, 000306, 339

44, 545, 988

670000006029320849321876560076

05000007

15

90 banks .

$23, 357, 584 517, 516, 800 001, 050, 000 00

315,350 001, 515, 020 003, 450, 208 051, 768, 900 92

297, 506 351,106, 061 09

179, 9nl 98241, 796 41268, 284 6546,859 43

976, 396 0013,491 7816 299 40

2 097, 272 27l | 598, 277 00

10,000 00335, 616 42

46,191, 676 26

ILLINOIS.

Loans and discounts.Bonds for circulationBonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDuefromres'veag'ts.Due from nat'l banks.Due from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..XT. S. cert's of depositDue from U.S. Treas

Total

152 banks .

$29,122, 459 707, 223, 750 00

845, 000 00429, 950 00

2, 089, 093 854, 808, 205 601, 045, 786 97

211,278 771, 228, 618 58

256, 781 44352, 496 21296, 205 65

29, 671 31773, 825 00

16, 525 90

1,974,944 511, 642,101 00

10, 000 00334, 517 46

52, 691, 211 95

150 banks.

$29, 214,179 497, 017, 950 00

845, 000 00443, 450 00

2,152, 914 755, 825, 305 401, 399, 690 46

161, 906 701, 236, 953 60

198, 581 95385, 010 78327, 510 7647,791 40

1,137, 635 0016, 546 51

2, i47, 439 672, 214, 251 00

20,000 00326,711 57

55,118, 829 04

151 banks .

$30, 059, 644 457,108, 250 00

845, 000 00363, 950 00

2, 043, 305 126, 248, 238 601, 454, 565 09

226, 567 691,244,041 84

279,432 79365, 237 78279,818 0954,146 54

955, 377 0016, 207 66

2, 351, 394 881,917,635 00

10, 000 00333, 265 77

56,156, 078 30

151 banks .

$30, 277, 363 227, 033, 250 00

845, 000 00401, 000 00

2, 040, 805 876, 908, 593 141,170, 392 43

225, 346 301, 250, 265 42

145, 705 48366, 736 37327,221 3057, 312 92

931, 832 0016, 744 44

2, 401, 802 761, 781, 488 00

10, 000 00342, 763 12

56, 533, 622 77

153 banks .

$30, 947, 481 906, 912, 750 00

845, 000 00333, 450 00

2,145, 262 045, 348, 092 491, 321, 354 11

176,321 371, 291, 632 46

193, 302 27367, 663 85312, 612 51

63, 530 28814, 668 00

15,917 372, 785 20

2, 440, 263 491, 637, 231 00

10, 000 00340, 492 07



by States and reserve cities

Liabilities.

Capital s'-oek.

Surplus fundUndivided profits-.

"NnV\ bank circulation

Dividends unpaid

Individual deposits ..U. S. depositsDep'ts U.S.dis.oilicers


Due to State banks.


Total

Capital sto;-"k .

Surplus fundHJTi;ii vi.-.ie<! profits.. . .

5^M»a!l^'!re-!!vi°n

Di\ ulemis unpaid

Iudr-\ iuMal deposits -.r . S . • ' C ; M > V . ; * S


Dae LO State b.mks.. .

Notes re-dis:-s*unted..Bills pavable

i'ornl

Capital stock

Surplus fundUndivided pro tits


Dividends unpaid.. . .

Iudiwdual deposits -U < d-Mt.^sDeu'ts r.S.«lis.o(iicers


Due t't State ban!'-*

N< • s i ' - d i - i • u n t e d

I M N •• . i l i • . . . .

C I T Y

DECEMBER 20.

8 banks.

$5, 66-i, 100 00

705, 000 00437, 545 79

494,460 00

1,753 00

8, 225, 299 55447, 112 93

70, 272 45

1, 076, 394 77

763, 489 57

151 337 67213, 000 00

18, 249, 705 73

93 banks.

$13, 209, 500 00

3, 649, 288 881,803,903 53

7,317,430 00

12, 160 37

18, 00-\ 009 08404, 702 45200 549 29

1, 273, 855 02

657, 759 83

81,000 0028, 000 00

47,726,218 50

152 banks .

$13, 494, 600 00

4,202,531 112, 071, 623 46

6, 465, 483 00

22, 987 67

24, 604, 291 84711,661 6345,981 15

393, 388 13

377, 226 54

270, 137 '12:r>, ooo oo

:>" i; i .MI 95

(Jon tinnedOF CLEVELA

MARCH 10

8 banks.

$0, 200, 000

545, 000416,270

489, 410

394

8, 482, 996438, 730

53, 93L

793,185

772,814

245, 000

18, 437, 733

00

0092

00

00

982338

04

58

00

13

MAY 6.

8 banks.

$0, 200, 000

1)29, 000115,358

589, 410

N

00

0010

00

79, 008 00

8, 654, 763514. 165

16, 372

771,562

740, 873

17 016256, 000

18, 583, 528

INDIANA.

89 banks

$11,734,500

2,964,7151,061,974

6, 229,120

15,764

18,401,854572, 7.T.

1,101,739

797, 304

136, 16113,320

43,193, 006

00

5002

00

49

448107

Gt>

84

0082

65

I L L I N

150 banks

$13, -J96, 500

4,086,9171, 703, 244

6,139, 445

22, 710

27, 806, 540743, 133

30,124

580, 231

531,017

188,96410,000

5."i, 118,829

00

3897

00

00

406808

36

39

7800

04

90 banks .

$11, 869, 500

2, 966, 7971, 230, 273

0, 357, 080

14, 261

19, 523, 522' 590, 048243, 5*8

1, 378, 200

924, 726

81, 74535, 000

45, 214, 743

O I S .

151 banks

$13, 546, 500

4,131, 3021, 884, 644

6, 322, 515

56, 681

28,147, 818755, 746

40, 623

552, 229

557, 859

150,15610, 000

56, 150, 078

160717

24

07

94

00

35

00

4557

00

49

1101iV\

10

73

2700

42

00

5638

00

67

495967

28

89

7700

30

D .

JULY 1.

8 banks .

$6, 200, 000

629, 000229, 252

579, 510

3,174

9, 034, 949466, 632

14, 755

719,134

724, 622

230, 000

38,831,031

90 banks.

$11, 889, 500

3, 003. 929951, 393

6, 359, 280

90, 466

19,439,240566,031116 324

1, 288, 228

711,308

112,28318, 000

44, 545, 988

151 banks

$13, 579, 600

4,199, 6851, 650,127

6, 244, 015

124, 847

28, 462, 967676, 660

62, 873

727, 587

566,313

143, 94695, 000

56, 533, 622

00

0028

00

00

860916

97

77

00

13

00

8544

00

87

776307

93

72

8700

15

00

0276

00

00

443274

22

17

1000

77

OCTOBER 1.

8 banks.

$6, 200, 000 00

629, 000 00417, 627 67

589, 410 00

205 00

8, 998, 619 71472, 566 60

12, 315 36

889, 651 02

881, 847 7»

130,000 00

19, 221, 243 15

90 banks .

$12,189, 500 00

3, 031, 907 59:1,478,693 51

6, 734,150 00

5, 529 39

19, 845, 317 11680,411 34103,122 26

1, 258, 344 84

763, 276 47

97, 423 754, 000 00

46,191, 676 26

153 banks.

$13, 673, 600 00

4,195,183 271, 788, 800 71

6,154, 525 00

28, 994 50

27, 693, 719 52710,460 48

62, 715 16

556, 527 09

452, 537 75

152,746 9350,000 00

55, 519, 810 41.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Abstract of reports since September 30, 18 84, arranged

CITY OF CHICAGO.

Resources.DECEMBER LO.

12 banks .

Loans and discounts .Bon ds for circuit! tion.Bonds for deposits . .U. S. bonds ou ha nd . .O the r stocks and b 'dsDue from res 've agt 's .Due from nat ' l banks.Due from State banksHeal estate, &cCurrent expensesP remiums paid . . . . iCash i tems IClear'g-houseexch'gs!Bills or other b a n k s . . 'Fract ional cur rency.Trade dollarsSpecie |Legal-teuder notes . . iU. S. cert 's of deposit.:Due from U. S. Treas.

Total .

139, 944, 425 40933,500 00100, 000 00821, 5.10 00

2, 071, 633 074, 822, 909 202,181,497 551, 643, 829 70

246, 530 4250, 919 0961,561 1052, 373 55

2, 557, 568 981, 078,273 00

3,193 24

MARCH 10. I MAY 6.

12 banks. 12 banks .

$43, 045,9J3,100,

1, 051,1, 615,6, 086,3, 443,1, 926,

199,49,51,19,

2, 764,1, 169,

10,

047 04500 00000 00100 00614 30358 42015 17784 62573 58666 04199 51906 06869 94242 00473 85

$42,-580,»33,200,

1, 576,1, 801,5, 391,34

1, 922,200,52,29,21,

3, 279,2, 610,

5,

177 82500 00000 00000 00345 91445 16105 28292 90637 37601 62500 00949 37547 65846 00736 56

7,446,475 15 I 7,479,301 60 8,487,355 785, 747, 074 00 j 5, 625, 812 00 8, 202, 945 00

530, 000 00 i 820, 000 00 | 760, 000 00120.007 50 I 124, 307 50 114, 807 50

70,413,3210] 76,515,77163 81,517,793 92

JULY 1.

12 banks.

$43,659,503 651,183, 500 00

200,000 001,413,950 001, 637, 346 026,269,497 554, 004,195 331, 973, 849 27

684, 898 876, 702 99

140,103 2026,240 04

4, 994, 571 282, 028, 772 00

5, 747 66

9, 403, 694 057,171, 042 00

960,000 0080,257 50

OCTOBER 1.

12 banks .

$46, 018, 905 811,183, 500 00

200,000 001,438,650 001,934,031 656, 622, 633 643, 912,173 941, 704, 323 49

681, 159 6131,114 85

110, 875 9518, 484 70

4, 645, 655 05996, 495 00

5, 363 162 40

9, 673, 253 805,191,100 00

720, 000 00102,757 50

85, 843, 871 41 | 85,190, 480 55

MI CHIG AN.

Loans and discountsBonds for circulationBonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidGash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Specie . . . .Legal-tender notes ..XI S cert's of deportDue fromU. S. Treas

Total

97 banks .

$20, 765, 0524, 210, 000

50, 00061,550

628, 7732, 979, 239

487, 422133, 040974, 860210, 061150,452195, 984

525, 01411,020

1,461, 587873,163

199,165

33, 916, 387

390000002653236947224315

0070

6400

89

60

97 banks .

$21,4,

3

\

34

035. 561105 000

50, 00080,150

520,526260, 556705,851102,777898, 740119, 846149, 574190, 525

425, 03115,777

573, 843755, 545

192,473

, 181, 780

070000002481254220837923

0070

1500

64

33

97 banks

$21, 953, 4493, 985, 500

50, 00075,150

529, 1132, 362,161

562, 474119,392913, 286184, 207165, 760190, 816

539, 06416, 275

1, 586, 474777, 263

190, 386

34, 200, 776

600000000974549260684369

0030

5400

44

63

97 banks .

$21,801,433,733,935,500 00

50, 000, 0078, 000 00

477,987 232, 885, 722 68

513, 539 67100,40(5 30929, 864 8542, 181 02

161,770 75182, 653, 98

518,716 0011,817 56

1, 507, 978 36752, 615 00

195,123 09

34,195, 310 22

97 banks .

$21, 465, 8023, 958, 000

50, 000352, 550607, 339

4,151, 874598,185108, 708934, 005156, 082218, 441218,987

498, 36111, 544

3, 6381, 616, 226

795, 222

185, 908

35, 930, 879

850000006990471159996232

007560?400

24

37

CITY OF DETROIT.

Loans and discounts.Bonds for circulation.Bonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks -Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollars . .SpecieLegal-tender notes ..XT S cert's of depositsDue from U. S. Treas.

Total

5 banks .

$7, 922, 684883, 400500, 000

35, 00064,175

1, 593, 4431,137, 829

163,14790, 66438, 071

100, 00022,133

169, 054162, 468

17, 647

895,199594, 283

60, 988

14,450,190

32.000000001704907380004V,980070

?000

37

63

5 banks .

$8,170,644883, 400500, 0 0

35, 00063, 942

1, 497, 9021,097,762

200, 64190, 66442, 73795, 00039, 663

183, 82977, 28013, 377

874, 032573, 670

54, 349

14,493, 899

2500000080493660739300

n720076

3700

40

15

5 banks .

$8,406, 422833, 400500, 000

35, 00063, 942

1, 039, 727785, 212167, 88990, 66420, 56692, 00019, 770

122, 916162, 624

8,548

911, 314650, 534

52, 498

13, 963, 032

340000008032926373000038230014

7500

80

04

5 banks.

$8, 205, 541733, 400800, 000

35, 00052, 075

1,180,586678, 737164, 640

90, 66410, 425

159,12552, 798

262,168131, 088

7,133

922, 251466, 665

40,450

13, 992, 750

740000000082822773010067450027

1600

00

94

5 banks .

$8, 513, 281500, 000500, 000100, 000

3, 4251, 651, 3371,331,389

223, 66390, 66418, 699

125, 37543, 853

218, 843100, 825

14,189

987,487662, 266

34, 500

15,119, 802

770000000090733673290094890015

7500

00



by States and reserve cities

C I T

Con tinned.Y OF CHICAGO.

Liabilities.

Capital stock .



Dividends unpaid

Individual depos i t s . . .U. S. deposits

Dep' ts U. S. dis. officers



DECEMBER 20.

12 banks

$10, 550, 000

3, 040, 0(01, 884, 838

745, 350

1,399

32, 222, 82866, 966

13, 215, 712

00

0075

00

00

7571

71

MAliCH 10.

12 banks.

$11, lf>0, 000

2, 890, 000858, 930

674,150

2, 809

34,311,16758, 900

15, 452,172

00

0039

00

50

4087

23

MAY 6.

12 banks

$11, 725, 400 00

2, 640, 000 00737, 953 99

658, 550

4,430

36, 826, 970144, 595

17,061,545

00

00

8609

32

JULY 1.

12 banks

$11, 750, 000 00

2, 656, 600 00576, 814 03

623, 450

209, 029

39, 518,157124, 822

17,918,261

00

00

2854

73

OCTOBER 1.

12 banks.

$11,

2,

40,

17,

750, 000

691, 600692,660

722, 850

64, 002

970, 738145, 079

039, 310

00

0039

00

00

9372

6e

8,686,225 09 ; 11,117,641 24 | 11,718,348 66 I 12,466,736 83 j 11,114,238 85

Bills payable.

Total 70,413,321 01 76,515,771 63 81,517,793 92 85,843,871 41 85,190, 480 55

Capital stock.


!N"at'l bank circulationState bank circulation

Dividends u n p a i d . . .

Individual deposits . .U. S. deposits

Dep' ts U.S.dis.officers


Due to State banks . .Notes re-discounted..Bills payable

97 banks .

$9,997,100 00

2,174, 581 241, 481, 294 01

3, 715, 215 00

10, 235 47

15, 989, 288 0631,132 372, 886 85

189, 739 36

200, 713 46

119, 200 785, 000 00

Total 33,916,387 60

MI CHIGAN.

97 banks. | 97 banks. | 97 banks.

$10,075,100 00 $10,174,200 00 | $10,167,200 00

97 banks.

1, 962, 894 311,013,960 17

1,860,894 311, 225, 060 68 I

1, 882, £30 79816,116 52

3, 542, 240 00 I 3, 475, 490 00 j 3, 510, 440 00

$10,194, 600 00

1, 864,192 871,107, 596 81

3, 479, 715 00

20, 065,17 16,403 00

16, 665, 842 35 16, 504, 363 5533,261 86 48,426 14

5, 834 01

496, 235 32

316, 673 09

49, 674 05

3, 463 21

272, 798 26

331, 349 20

283, 328 285, 000 00

34, 181, 780 33 34, 200, 776 63

217, 285 70 |

16, 716, 337 61 !35, 962 54 !

1, 066 30

251, 509 78

264, 714 01

326, 846 975, 000 00

24, 038 60

18, 575, 061 3430, 200 994, 626 37

263, 085 50

272, 791 74

114,970 15

34,195, 310^2 | 35,930,879 37

CITY OF DETROIT.

Capital stock



Dividends unpaid

Individual deposits . .U. S. depositsDep' ts U.S.dis.officers


Due to State banks -.

Notes re'discountedBills payable

Total

5 banks .

$2, 650, 000

240, 000484,175

719, 700

137

7, 210, 239254, 213215, 251

1,192, 066

1,484,405

14, 450,190

00

0080

00

50

795555

82

62

63

5 banks.

$2, 650, 000

260, 000434, 779

678, 300

75

6, 999, 066235, 845221, 950

1, 372, 484

1, 641, 397

14, 493, 899

00

0042

00

00

343591

as80

15

5 banks.

$2, 650, 000

263, 000416, 447

655, 400

542

6, 784, 267276, 451255, 024

1,125,120

1, 536, 778

13, 963, 032

00

0051

00

50

541596

34

04

04

5 banks

$2, 900, 000

325, 000349, 934

601, 665

51, 550

6,154,142241,428231,107

1,564,038

1, 573, 884

13, 992, 750

00

0024

00

00

128046

91

41

94

5 banks.

$2, 900, 000

330, 000211, 216

371, 265

25, 075

7, 313, 737220, 365169, 537

1, 658, 864

1, 919, 740

15,119, 802

oo009&

00

00

438fi57

01

69


230 REPORT OF THE COMPTROLLER OP THE CURRENCY.


WISCONSIN.

Resources.DECEMBER 20.

47 banks.

Loans and discountsBonds for circulationBonds for deposits . . |U. S. bonds on hand . . JOther stocks and b'dsDue from res've ag'tsDue from nat ' lbanksDue from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-bouse exch'gs .Bills of other banks . . \Fractional currency-Trade dollars ."., |.Specie •Legal-tender notes . . !U. S. cert 's of deposit. i.Due from U.S.Treas. j

47 banks.

$9,096,421 141,821,750 00100,000 0032,700 00

488, 018 551, 658, 507 58 I318,914 4388,318 50 |

317, 932 38111,682 21.104, 250 4265, 393 94

$9, 047,146 141,815,750 00100, 000 0041,250 00481, 755 44

2, 317,120 05369,104 37107, 608 81341,777 1549, 382 83104,741 875.1, 960 70

$9,366,081 591, 815, 750 00

100, 000 0037, 600 00

548, 583 922,142, 106 73

338, 480 41105, 877 02341, 704 80

78, 968 80103, 556 2069, 593 92

46 banks.

$9, 520, 956 271, 775, 750 00

100, 000 0018, 950 00

565, 749 041, 895, 996 08

330, 980 09102, 599 67340, 793 9610,023 7489, 350 9781, 402 30

259,031 007, 960 38

221,281 007, 766 50

817, 9(»7 21442, 669 00

"85," 725" 67"

88S.01.8 68410, 870 00

' 82, 697 00

249, 649 007,711 00

228, 316 007, 463 80

910, 514 82429, 174 00 :

" 80, 439 io" i

859, 233 85385,185 00

"*77, 857"65*

$9,663,255 601, 753, 250 00

100, 000 00128,400 00575, 517 90

1, 853,155 20595, 180 31] 60, 899 00345, 703 5855,251 4890, 063 9664, 660 92

385,111 007, 696 92

1, 198908, 845 05384, 582 00

""94,'295 70

Total 15,817,182 41 | 16,438,230 54 I 16,731,791-31 j 16,390,608 42 j 16,967,066 62

CITY OP MILWAUKEE.

Loans and discountsBonds for circulationBonds for deposits . .U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &c"Current expensesPremiums paidCash itemsClear' g-house exch'gs!Bills of other banks. . 'Fractional currency.Trade dollars . . . . . ' . .SpecieLegal-tender notes . .U. S. cert's of depositDue from U. S. Treas

3 banks. |

$3, 074, 556 24 |610, 000 00 I550, 000 00 I

4, 000 00 I327, 933 25 j642,438 20 \416,013 04 f

49, 488 35 I120, 000 00 !10,488 13 i

1, 993 00161, 340 8340, 568 001,410 30

3 banks.

$3, 207, 948 40500, 000 00550, (00 0011,750 00

428,821 68581, 192 09515, 700 0076, 744 06120, 000 0010, 852 27

443 52114,043 9821, 225 00

2, 498 71

_L3 b a n t s .

$3,173, 605 66500,000 00550, 000 00

5, 900 00281, 836 81579, 313 64885,783 50117, 728 44120, 000 00

8,691 351, 119 431, 131 79

99, 535 7136, 550 00

2, 134 11

3 banks.

$3, 379, 084 35500, 000 00550,000 00

2, 050 00434, 380 25709, 358 88

1, Oio, h33 7653, 595 35

120,000 00

3 banks.

583, 463 00 I 726, 364 00 858, 677 37518. 972 00 I 405, 377 00 j 387, 490 00

261 931, 062 Oi

360, 500 6534, 065 002,987 04

700, 469 00400,317 00

$3, 956,500,550,

1,491,767,604,4b,

120,6,

5,398,17,2,

083 25000 00000 00000 00442 55759 20466 84596 59000 00207 50224 50135 29700 99307 00258 89

646,450 00472, 021 00

40, 750 00 27,500 00 ! 22, 500 00

Total !J 7,153,414 94! 7, 300, 460 71 ! 7,631,997 81

25, 500 00 28, 500 00

8, 289, 465 24 | 8, 614, 753 60

IOWA.

Loans and discounts.Bonds for circulationBonds for deposits . .II. S. bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat ' l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-b on se exch'gsBills of other banks . .Fractional cur rency .Trade dollar'sSpecie . . . .Legal-tender notesU. S cert 's of depositDue from U. S. Treas

Total

122 banks

$20,192, 5784

12

1

I

34,

516,000350, 000

35, 350059, 863256, 935940,007238,170422,498258, 549253, 860217 427

521, 53311,974

887, 007223, 150

212,684

597, 680

740000003184290015968449

0028

*H00

60

80

124 banks.

$19,954,025 654, 506, 000

350, 00030, 000

1,151,1543,097,9511, 550, 498

228, 6931, 429, 983

174, 155240, 925267 017

687, 73712, 505

1,283.4551,353,505

210,551

36, 534, 220

0000003347757880324876

0034

7900

28

75

126 banks

$20,260,7134,531,000

350, 00036, 700

1,155, 2653,409,3111,705,895

213, 7271, 455, 061

277, 283241, 136

.

7500000082071661804225

237 615 73

669,1H314,036

1,449,4171,291,641

214, 742

37, 512, 731

0052

9300

93

98,

125 banks

$20,4)

1,3,1,

1

i,I,

185,236393, 500350, 000

37, 000101, 084118,252891,947241,020462, 230

510000002407623166

142, 556 50237, 476256, 717

556,16912, 635

304, 812113,810

211,019

36,615,469

0082

0066

9800

83

20

125 banks.

$21. 324, 4864,301,000

350, 00033, 200

1, 008, 4882, 739, 8331,431,403

249,6161, 483, 858

223, 983224, 450273, 190

600, 04011. 6191 373

1,218,8511,166,647

202, 481)

36, 844, 522

470000003363737809379635

0051150000

33

70


REPORT OF THE COMPTROLLER OF THE CURRENCY 23J


WIS CONSIN.


47 banks.

MARCH 10. MAY 6.

47 banks.

Capital stock j $3, 780, 000 00 | $3, 795, 000 00

Surplus fund 874, 489 18Undivided prof i t s . . . . j 549, 572 03

Nat ' l bank circulation' 1, 619, 633 00State bank circulation •

875, 859 47357, 475 44

1, 594, 393 00

47 banks.

JULY 1.

46 banks.

$3, 770, 000 00 ! $3, 735, 000 00

879, 782 53 !456, 518 63 i

898, 578 13305,198 82

OCTOBER 1.

47 banks.

1,602,228 00 I 1,562,128 00

$3, 785, 000 00

921,607 63410,182 11

1, 517, 078 00

Dividends unpaid j 1, 628 30

Individual deposits . . . ; 8, 77 4, 480 86U. S. deposits j 79. 160 77Dep'ts U.S.dis.officers 7,480 73

Due to national banks; 29, 991 68

Due to State banks . . I 27, 562 16

Notes re-discounted..! 73, 177 70Bills payable |

845 30

9, 594,174 58 !85, 367 71 i6,608 72

15,556 85 j

70, 451 01 I

42,498 40 j

1, 921 30

9, 766, 000 93 i113,60.* 665, 787 6.') !

32, 685 85 j

72, 764 30 •

30, 498 46 '

12, 645 30

9, 685, 958 6386, 081 95

5, 162 71

21,905 54

65, 099 34

12, 850 00

I835 30

10,132, 395 9480, 063 556, 046 01

31, 651 00

55, 072 80

27,134 28

Total | 15,817,182 41 16,438,230 54 j 16,731,791311 10,390,608 4 2 ' 16,907,066 62

Capital stock j

Surplus fund |Undivided profits . . .]

Kat'l bank circulation]State bank circulation .

Dividends unpaid - . . . j

Individual deposits .. |U. S. deposits j


Due to national banks;

Due to State b a n k s . . . 'Notes re-discounted, jBills pay abb; \.

CITY OF MILWAUKEE.


$fi50, 000 00 $650, 000 00$650, 000 00

310, 000 00132, 168 15

544,000 00

340,000 00105, 672 96

447,000 00

840, 000 00124, 995 05

447, 000 00

3 banks.

$650, 000 00

3 banks.

340, 000 00109, 416 41

446,000 00

3, 987, 003 35 | 3, 874, 931 81803, 344 47 ' 365, 109 611<)3, 084 90 ; 145. 627 31

678, 392 85

355, 421 22

958,843 31

413, 275 71

4,251,991 62354,515 5L'174, (ill 49

4, 856, 122 77271. 909 86210, 700 73

851, 978 56 916, 341 98

436, 905 57 488, 969 49

$650, 000 00

34 \ 000 00149, 246 45

448, 400 00

5,140, 854 90264, 657 61221,800 27

985, 779 12

414, 515 25

Total . 7,153,414 94 j 7,800,460 71 I 7,631,997 81 8,289,465 24 8, 614, 753 60

IOWA.

Capital stock

Surplus fundUndivided prof i t s . . . .


Dividends unpaid

Individual deposits . . . IU. S. deposits !

Dep'ts U.S.dis.officers

Due to national banks j

Due to State b a n k s . . . |Notes re-discounted.. |Bills payable j

122 banks.

$10,105, 000 00

2,203, 126 461,381,457 04

4,019,131 00

18, 859 82

14, 890, 837 78248, 465 3762, 377 32

473, 757 01 [

721,834 87 j

434,834 13 '88, 000 00

124 banks.

$10,167, 400 00

2,278,090 171, 067, 795 71

3, 999, 799 00

27, 543 43

16, 439, 981 57277,391 0344,169 02

769, 645 62I

1, 266, 470 59 '

148,334 7547, 509 m

126 banks.

$10, 290, 000 00

2, 300, 290 171, 247, 870 41

4, 007, 591 00

Total j 34, 597, 680 80 | 36, 534, 220 75

29, 637 42

17, 070, 790 59234, 702 1744, 208 71

775, 679 63

1, 398, 473 92

93, 203 4020, 28!) 56


$10,155, 000 00 $10,155, 000 00

2, 299, 542 981, 073, 241 14

2, 290, 504 471,144, 696 56

3, 876, 776 00 ! 3, 813, 858 00

100,174 53

16, 565, 386 42 !264,251 82 ]

61, 102 49 |

799,441 47

1,271,523 54128,789 2520, 2H9 56

19, 516 13

17, 053, 775 48275, 590 2158, 933 50

651, 624 92

1,110,999 35

240, 024 0830, 0(i0 00

37,512,731 98 j 36,615,469 20 36,844,522 70Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

232 EEPOET OF THE COMPTROLLER OF THE CURRENCY.

Abstract of reportssince September 30,1884, arranged

MINNE S O T A.

Kesources.DECEMBER 20. MARCH 10.


Loans and discounts.Bond s for circulation.Bonds for deposits..."U. S. bonds on hand.. jOther stocks and b'ds1

Due from res've ag'ts. iDue from nat'lbanks.!Due from State banks;Real estate, &cCurrent expensesPremiums paidCash itemsClear'o--house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U.S.Treas

$13,175, 807 43 ' $13, 323, 478 301, 568, 000 00 j 1, 568, 000 00

$13,357,958 311, 580, 500 00

5, 000 00 !231,744 69

1,243, 128 77 j743, 747 40 ;

161,500 29549, 009 57134, 313 7579, 526 59

218, 02y 17 !

5,1C0 00225,847 18

1,122, 505 98822, 548 36142, 030 53562, 3.3 07124, 560 7078, 876 47

156,682 53

430, 504 003, 344 06 j

277, 295 004,750 50

5,100 00229, 972 80

1,124, 158 74974,130 44170,078 32548, 758 84178,112 35

81, 198 08204, 662 96

JULY 1.

43 banks.

OCTOBER 1.

43 banks .

$13, 782, 997 27 $14, 697, 450 75

5, 300 00270, 023 30

1, 354, 938 531, 380, 749 83203, 850 46531, 388 6037, 439 70 !76, 150 86 !256,441 15 '

5, 200 00272, 978 60

1, 420, 290 971,107, 652 05

] 95, 628 87585, 898 34

90, 027 2576, 463 16

458, 44G 20

184,186 00 I3, 388 14 I

299, 7U6 003, 342 97

284, 985 003, 509 87

313 60580,565,

80,

654825

821

8900

69 i

688, 736481, 499

76, 296

8000

70

745, 589325, 605

75, 666

6800

00

6756f9

74

439026

979

90 :

00

00

794,511,

72,

336951

980

8300

30

Total I 19, 770, 987 30 I 19, 660, 531 12 19, 788, 465 66 I 21,134, 773 57 : 22,141,112 79

CITY OF ST. PAUL.

Loans and discountsBonds for circulation.Bonds for deposits...U. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'lbanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U.S.Treas

Total

6 banks.

$11, 283, 356550, 000500, 000

100554, 680

1, 229, 602217, 495145, 012428, 556

58, 68132, 49724 630

152, 371359, 493

2,597

773 031334,140

34, 905

16,681,151

490000003170963215374608560073

4100

42

96

6 banks .

$11,255,664 73550, 000 00500,000 00

100 00670, 827 28

1,757,674 19113, 291 51192,826 69454,120 10

57, 989 5331, 592 4619 041 56

114,163 45136,111 00

3, 883 36

789 354 19138, 479 00

41, 299 42

16, 826, 418 47

6 banks.

$12, 301, 391550, 000500, 000

100488, 515

1, 478, 398209, 674134, 084517, 533

80, 04522, 26210 427

265, 328119, 826

4,191

810 199125, 736

24,998

17, 642, 713

270000003374931323044685520007

7100

82

10

6 banks.

$12, 849,172550, 000500, 000

200485, 336

1, 551, 503152, 742156,103545,180

35222, 28343 573

262, 273231,495

3, 657

831 819215,417

23, 793

18, 424, 902

090000000051733609084146900040

39

00

42

77

6 banks .

$13, 474, 671550, 000500, 000

331, 5481, 095, 283

253, 708292, 443554, 148

34, 71222, 39041 674

305, 966197, 561

5,147

756 837390, 502

32, 326

18, 838, 923

980000

89380953712796

890073

5900

22

81

MISSOURI.

Loans and discountsBonds for circulation.Bonds for deposits ..TT. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'lbanksDue from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..{J S cert's of depositDue fromU.S.Treas-

Total

34 banks

$6, 846, 2651, 358, 600

100, 00061,250

827, 079788, 929228, 502204, 721305, 95891,62975, 42367 96975, 584

216, 3552,173

424 743404, 853

69, 355

12,149, 393

83000000080266179f>960304790012

3900

20

24

35 banks .

$7,162, 7971, 401,100

100,00057, 400

768, 715878,144342, 736221, 073357, 581

71, 28282,19679 25932, 968

260, 2372,603

421 226429, 397

67,146

12, 735, 865

300000004737027225303493680037

3?00

00

07

35 banks

$7,106, 3571,334,150

100, 00060, 750

711,265957, 091297, 635235, 830342, 002

83, 76084, 99070,18093, 270

358, 8432,326

516 988427, 556

63, 832

12, 846, 831

700000004303027218906379200080

5700

40

37

35 banks.

$6, 866, 9921, 363, 600

100, 00058, 900

663, 7491, 289, 645

382, 394321, 678321,106

33, 442100, 98177, 750

143, 063248, 003

2,211

576, 881399, 597

62, 558

13, 012, 557

49000000612100979496989.?290071

9500

00

33

36 banks .

$7, 269,131 591, 428, 600 00

100, 000 0035,950 00

601, 057 101, 044, 343 38

294, 685 32288, 667 63353,213 9454,267 9094,194 7355 416 48

135, 924 02263, 212 00

2, 345 43497 55

484 168 96377, 050 00

66, 333 00




MINNESOTA.

MARCH 10.

41 banks.

$6, 083,181 00

Liabilities.I DECEMBER 20.I

44 banks.

MAY 6.

Capital stock j $6, 060, 000 00

44 banks.

$6,137, 742 00

Surplus fund iUndivided profits. . . . j

Nat 'l bank circulation \State bank circulation [ •

Dividends unpaid !

Individual deposits.. . IU. S. deposits |.



Due to State banks-.Notes re-discounted .Bills payable

750,811 06809, 053 39 j

813,758 87 |1)00,193 95

814, 908 87744, 879 41

1,404,349 00 ' 1,401,049 00 j 1,415,616 00

6,102 19 j

9, 036, 070 15 •

11, 865 83 8,159 05

JULY 1.

43 banks .

$6, 090, 000 00

830, 933 87477, 659 48

1,401,576 00

OCTOBER 1.

43 banks.

$6,190, 000 00

850, 233 87657, 994 26

1, 405,176 00

9, 372, 903 02 9, 556, 896 95 j

149, 682 36

10, 982, 407 21

6, 553 34

11, 385, 970 65

Total .

446, 385 76 j

636, 926 22

611,287 53 |10, 000 00 I

510, 962 31 I

294, 820 18 I

559, 736 96 |12, 01)0 00 |

482, 564 30 !I

282, 865 88 |

339, 833 205, 000 00

603, 946 33

385, 772 71

207, 795 615.000 00

649, 033 10

709, 978 52

252,173 0534, 000 00

19,770,987 30 ; 19,660,531 12 j 19,788,465 66 j 21,134,773 57

CITY OP ST. PAUL.

6 banks. ! 6 banks. 6 banks. I 6 banks.

22,141,112 79

Capital stock | $5, 200, 000 00 { $5, 200, 000 00 , $5, 200, 000 00 j $5, 200, 000 00

Surplus fund.Undivided profits


Dividends unpaid




Due to State banks . . .Notes re-discounted. .Bills payable

974, 000 00 j602, 994 64 j

986, 000 00411, 629 95 ;

989, 200 00560, 554 45

495, 000 00 i 490,100 00 I 487, 600 00

Total .

435 00

7, 078, 367 0697,124 14387, 734 54

866, 803 30

946, 493 74

28, 812 903,386 64

1, 000, 500 00361, 369 67

483, 300 00

1,742 00

6, 963,159 40134, 644 72261, 810 88

1,044,410 87

1,139, 914 60

193, 006 05

16, 681,151 96 16, 826, 418 47

1, 435 00

7, 469, 748 58144, 824 55296, 879 93

1, 267, 839 96!

1, 092, 848 78 j

131, 781 85 |

102,192 00

7, 285, 396 0888, 372 80322, 914 05

1,702,005 64

1, 614, 249 62

264, 602 SI

17, 642, 713 10 18, 424, 902 77

6 banks .

$5, 200, 000 00

1, 001, 600 00546, 224 32

479,400 00

8,163 00

8, 265, 325 80118, 513 62261, 685 54

1,382,332 77

1, 314, 756 54

260, 922 22

18, 838, 923 81

MISSOURI.

Capital stock



Dividends unpaid

Individual deposits...U. S. depositsDep'ts U.S.dis.officers




Total

34 banks .

$3, 065, 000

604 860487, 693

1, 215, 673

650

5, 376, 07572, 84618, 518

225, 922

656,110

367, 04559, 000

12,149, 398

00

1592

00

50

848794

92

25

8500

24

35 banks .

$3, 265, 000

637, 748381, 937

1, 248, 508

959

5, 927, 69762, 62718, 739

237, 618

761, 549

193, 479

12,735,865

00

1699

00

50

650732

08

97

33

07

35 banks

$3, 265, 000

604, 498446, 740

1,171, 908

4,639

5, 917, 536107, 502

17, 590

325, 081

831, 833

129, 50025, 000

12, 846, 831

00

1673

00

69

394896

06

90

0000

37

35 banks

$3, 277, 000

601, 054279, 618

1,198, 658

21, 649

6, 012, 66365, 49216, 269

427, 872

1, 029, 777

47, 50035, 000

13, 012, 557

00

3995

00

00

898745

88

90

0000

33

36 banks .

$3,311,000

623, 425320, 412

1,251,648

19, 994

5, 972, 24281, 5824,756

385, 402

809, 995

113, 60055, 000

12, 949, 059

00

0829

00

00

243595

37

75

0000




CITY OF ST. LOUIS.

Resources.

Loans and discountsBonds for circulationBonds for deposits ..U. S. bonds on hand .Other stocks and b'dsDue from res've ag'ts.Due from nat'lhanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash items . .Clear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes -.U. S. cert's of depositDue from U.S.Treas.

Total

DECEMBER 20.

6 banks.

$8, 548, 587 30760,000 00

. 250, 000 006, 050 00

364,861 93837,381 99680, 892 36273,785 64199, 280 48108,105 38

17, 832 9336, 0d8 76

559, 826 3t>168, 790 00

5, 505 80

936,979 15901,881 00120,000 0041,195 00

14,816,904 08

MAliCH 10

6 banks.

$8, 630, 444760, 000500, 000

3, 350403, 825960, 506629, 800293,86719'K 280

66, 10871,27024. 256

475,445234, 7(>2. 3, 132

1, 033, 207712,536120 00')40, 195

15, 167, 989

980000009495312648554345130046

55000000

49

MAY 6.

6 banks.

$8, 3?0, 094760, 000500,000

4, 600451, 465

1,191,188915.265161, 172214,280

76, 72971, 27077, 5(55

500, 905578, 401

2,112

1,210,1851,586,915

2lo, 00047, 695

] 6, 939, 908

3300000076989103481843Hi)800081

Q5000000

46

JULY 1.

6 banks.

$8, 488, 775860, 000500, 000

9, 250567, 040

1, 123, 645749, 387137,831212, 621

19, 38733, 93961,771

696, 069214, li()3

1, 676

1, 48-\ 303998, 830250, 000

34, 195

16, 443, 928

89000000290179837343187tt530081

60000000

81

OCTOBER 1

6 banks.

$9, 202, 786860, 000500, 000

2, 650569, 187

1,263, 818414, 136170, 295213, 020148, 241

33, 83929 132

557, 022117,811

1, 948

962 172641, 6V9120, 000

39, 695

15, 847, 385

11000000959552117430184501oo22

*>1000000

75

KANSAS.

Loans and discounts.Bonds for circulationBonds for deposits . .U. S. bonds on hand. .Other stocks and b'dsDue from res've ag' tsDue from nat ' l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash items . . :Clear'g-house exch'gsBills of other banks . .Fractional currencyTrade dollarsSpecieLegal-tender notes . .U. S. cert 's of depositDue from U.S . Treas .

Total 14, 621, 328 93

60 banks. 62 bauks.

$8,548,316 191, 467, 500 00

350, 000 003, 100 00

171,323 10690, 648 88384,234 28453, 926 56500,912 86146, 062 37

85, 620 49133, 624 86

432,018 004,048 09

$8,731,074 721,471,300 00

350, 000 003,200 00

125, 546 23907, f*9!) 47514, 70G 27369,312 82531, 428 00

83, 0(51 05105, 898 921-22,984 18

64 bauks.

$9, 135,4271, 033,300

350, 0003, 100

102.8211, 084, 605

694, 342564, 432540, 543111,313111,086114,871

593, 7505, 320

558, 971903,136

76,577

16, 483, 599

7100000090041444M««4854

0091

9400

00

90

67 banks.

$9, 724, 5911, 589, 550

350, 0002, 100

175, 0541,118,664

730, 435617,126576, 60278, 364

116,482141,807

529, 1865,983

689, 460868, 250

73, 255

17, 386, 913

640000009316122831500345

0074

6900

01

86

74 banks.

$10, 730, 6271, 702, 300

350, 0003,100

170, 817If 372, 090

766, 42*553,016630, 676105,713126, 289130, 039

474, 3335,4411, 000

869, 754743, 148

77, 654

18, 818, 431

160000009115248798991624

0061006500

49

45

NE BR ASK A.

Loans and discounts .Bonds for circulation.Bonds for deposits . .U. S. bonds on handOther stocks and b'dsDue from res've ag'tsDue fro-m nat ' l banksDue from State banksReal estate, &cCurrent e x p e n s e s . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks. -Fraction :i 1 currencyTrade dollarsSpecieLesral-tender notes . -U. S. cert 's of depositDue from U.S .Treas

Total

63 banks

$12, 659, 0081, 870, 25D

450, 00050

278, 5601, 433, 638

664, 780377, 448785, 379178, 07799, 165

480, 744

248, 9294, 735

779, 704579, 378

89,771

20, 979, 623

5300000082917194980583OQ

0047

8500

00

35

65 banks

$13,011,3301, 895, 250

450, 000150

227, 5451,367,471

832.518492, 177805, 842150, KH95, 824

270,107

324,7116, 890

999, 561524, 224

87, 651

21, 542, 090

460000001880953270383407

0098

7600

00

94

65 banks

$13

11

1

22

347,102887, 750450, 000

234, 41975'*, 288160, 961504, 354836, 830138, 575

93, 959227, 330

321,0626, 428

138, 738510, 234

93, 738

704, 771

120000

0337019504299807

0008

1100

00

05

70 bauks

$13, 596, 3361, 951, 500

450, 000

278, 0982, 394, 6771, 268, 973

592, 270866, 632

95, 90698, 706

348,151

228, 7676,508

1,148, 700424, 833

93, 825

23, 843, 887

*

710000

5660562103197103

0017

8600

50

13

75 banks

$15, 432, 7412,014,000

450, 0006oO

267,2162, 096, 9881,018,346

628, 096935, 867135, 057101,774419,319

274,7277,672

1, 038, 459545, 099

90, 691

25, 458, 111

j

80000000190781732572851?,

005600•1800

50




CITY OF ST. LOUIS.

Liabilities.

Capital stock

Surplus fund. !

Undivided profits j

Nat'] bank circulation;State bank circulation |

Dividends unpaid-. .j

Individual deposits. - j

T7. S. deposits . . . ;

Dep'ts IJ.S.dis.onieersj.

Due to national banks'

Due to State banks . -1Notes re-discounted..!Bills pay able |

DECEMBER 20. j MARCH 10.

6 banks. 6 banks.

$3, 250, 000 00 I $3, 250, 000 00

MAY 6.

6 banks.

;3, 250, 000 00

JULY 1.

845.517 75 | 842,874 15 j 842,874 153(53, 026 86 j 320, 780 55 | 356, 251 96 j

681, 950 00 ; 676, 550 00 J 668, 650 00

17, 989 18 ; 15, 9G2 68 39,274 18

6 banks .

3, 250, 000 00

852, 928 03264, 789 35

658,450 00

5,288,797 41 j 5,06.1,374 14 | 6,126,649 17198, 044 5S ; 196, 379 15 I 386, 757 22 j

49,363 18

5, 815, 866 33411,064 07

OCTOBER 1.

6 banks.

$3, 250, 000 00

856,128 29438, 891 69

766, 400 00

17,132 18

5, 634, 622 84401,163 70

1, 955, 205 48

1, 916, 332 82

99, 500 00200 000 00

2, 032, 405 73 ! 2, 489, 094 79 j

2, 392, 663 09 j 2, 780, 356 99 !

375,000 00 !

Total ! 14,816,964 08 \ 15, 167.989 49 ' 16,939,908 46 !; I

KANSAS.

2, 373, 968 61 1, 988, 845 34

2, 767, 499 24 I 2, 203, 519 15

90, 682 56j 200, 000 00

16, 443, 928 81 I 15, 847, 385 75


Capital stock



Dividends unpaid. . . .

Individual deposits - -TJ. S. deposits



Due to State banks .Notes re-discounted..Bills payable

Total

$3, 995, 000 00 ! $4, 088, 905 00 i $4, 324, 780 00

464 262 73 !

668, 134 38 j507,378 46463,092 11

1,301,680 00 ! 1,283,695 00

506, 378 46588, 936 98

67 banks.

$4, 605, 350 00

616,435 33457, 373 38

1, 360, 530 00 ! 1, 352, 500 00

816 50

7,155, 903 56174, 906 21168, 649 25 i

101,916 62 !

107, 859 83 !

401,294 85 |80, 845 00 |

14,621,328 93 I

5,313 00

7, 883, 642 98VM, 929 7378, 392 56

176, 654 25

158,976 50

291), 062 32

38,472 50 |

15,181, 514 41

N B B R A

6, 039 37

8,670,519 93207, 284 12109,530 11

289, 508 66

196,164 51

2L3. 927 76 j10,000 00

16, 483, 599 90

SKA.

74 banks.

$4, 995, 720 00

608,971 56572, 535 73

1, 435, 705 00

37, 381 77

9, 230, 679 98 j148, 541 42152,080 37

285, 233 83

268, 082 78

233, 255 00

17, 386, 913 86

7, 489, 71

10, 089, 966 99145, 751 36116, 632 49

213, 274 17

218, 176 05

346, 208 398,000 00

18,818,431 45

Capital stock



Dividends unpaid


Dep' ts U.S.dis.officers

Due to national banks]

Due to State banks . .Notes re-discounted..Bills payable

Total .

63 banks

$4, 755, 000

648, 594872, 665

1, 681. 730

395

8, 932, 507254, 753188, 292

1,230,224

1, 075, 649

1,261,57778, 234

20, 979, 623

00

66

00

00

506203

39

03

4925

35

65 banks.

$4, 815, 000

768, 947673, 260

1, 689, 310

273

9,766,711248,4 06147,214

1, 302, 360

1, 174,395

910,67745, 533

21, 542, 090

00

9335

00

00

322980

21

79

9530

94

65 banks.

$5, 142, 500

785/797659, 295

1, 695, 890

1,072

10, 330, 957209, 901199,179

1, 501, 147

1, 570,112

580, 5402s, 376

22, 704, 771

00

9352

00

00

852794

37

03

4371

05

70 banks

$5, 627, 500

1

10

1,

1,

23,

884, 789547, 783

689, 990

20, 356

880, 841183, 249215,623

774, 302

708, 379

290, 07221,000

843, 887

00

0897

00

95

070602

48

03

4700

13

75 banks.

$5, 949, 250

944, 773567, 803

1,774,330

260

11, 316, 706187,953164, 915

2,126,700

1, 498, 908

878, 19048,318

25,458,111

00

7722

00

00

756959

73

36

0790


2 3 6 EEPORT OF THE COMPTROLLER OF THE CURRENCY.

Abstract of reports since September 30, 1884? arranged

COLORADO.

Resources.

Loans and discountsBonds for circulation.Bonds for deposits...XJ. S. bonds on handOther stocks and b'dsDue from res' ve ag'ts.Due from nat'lbanks.Due from State banksReal estate, &cCuiTent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecieLegal-tender notes ..I) S cert's otdfnositiDue from U.S. Treas

Total

DECEMBER

24 banks

$6, 695, 5291,140, 000

400, 000500

588, 2221, 729, 4211, 065, 048

433, 245340, 104

84, 41186, 346

234, 618

293, 9851,156

674 907846, 275

54, 640

14, 668, 413

20.

780000006407443780372466

0094

6400

54

49

MARCH 10.

24 banks .

$6, 998, 6231, 085, 000

400,000500

607, 8221,862,0101, 224, 017

400, 474331,763

80, 88186, 393

309,610

170, 6801,489

877 551711, 587

58, 505

15, 206, 909

110000

no651278320130747?

0052

0300

12

42

MAY 6.

24 banks.

$7, 304, 609 621, 047, 500 00

400, 000 0012 000 00

681, 560 521,755,641 551,011,579 27

390, 761 8336?, 163 9576,680 5879, 037 49

223, 713 39

166, 995 001,381 85

1, 005, 016 29705, 720 00

62, 022 62

15, 286, 383 96

JULY 1.

24 banks .

$7, 580, 8111, 052, 500

400, 000

628, 2841, 843, 6771,191,180

356, 038359, 343

39, 78279, 532

259, 423

198, 3091,319

1, 005, 739673, 622

53, 443

15, 723, 007

180000

173814935263803?

0098

!W00

37

64

OCTOBER 1

25 banks .

$7, 608, 9861, 032, 500

400, 000

' 702,1592, 453, 9971, 650, 589

490, 882351,126

37, 42978, 539

252, 062

210, 2543, 296

977 646738, 561

72, 981

17, 061, 012

990000

4417001186850543

0013

9?00

37

32

NEVADA.

Loans and discounts.Bonds for circulationBonds for depositsTJ. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-honse exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue fromU. S. Treas.

Total

1 bank.

$249, 040 2040, 000 00

9, 439 904, 277 86

737 461,408 153, 375 004, 288 063,225 00

494 56

875 00

31,943 12763 00

1, 800 00

351,667 31

1 bank.

$220,311 5240,000 00

8,164 603, 524 291,390 89

15, 092 743, 400 001,803 073,225 00

350 71

36, 840 87386 00

1. 800 00

336, 349 69

1 bank.

$183, 243 1940, 000 00

8, 579 745, 894 29

53,134 782, 397 303, 400 003, 555 603,225 00

354 02

1, 740 00

49,187 401, 265 00

1, 800 00

357, 776 32

1 bank.

$183, 816 8340, 000 00

8, 619 416, 495 36

27, 900 278, 862 154, 508 18

3, 225 00500 00

1,750 6640 50

64, 010 731,150 00

1, 800 00

352, 678 43

1 bank.

$248, 248 3840, 000 00

5, 000 0013, 624 983, 042 09

2,303 178,363 182, 595 584, 343 75

502 25

4, 600 0047 20

46, 230 502, 476 00

1, 800 00

383,177 08

CALIFORNIA.

Loans and discountsBonds for circulation.Bonds for depositsU.S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes...TJ. S. cert's of deposit.Due from TJ. S. Treas

Total

14 banks .

$5, 875, 700 35910, 500 00

" ' is , 400 66373,452 37388, 340 65

94, 673 6773,128 36

316, 053 6152, 597 1383,150 47

126, 297 63

35, 440 00636 04

1,169, 974 7621, 884 00

39,172 00

9, 574, 401 04

14 banks.

$5, 740, 420 33910, 500 00

15, 000 00307, 976 20377,446 55108, 045 46207,144 29316,106 3541,190 2382,517 0273, 662 09

32,905 00252 79

1, 220, 937 92126,117 00

40, 972 00

9,601,193 23

15 banks.

$5, 918, 517 55935, 500 00

20, 600 00306,433 91346, 953 93119, 788 35149, 829 82322,877 5142, 572 6183,503 5270, 072 64

30, 697 00269 40

1,014,873 5161,491 00

39, 872 00

9, 463, 852 75

16 banks .

$5, 994, 747 58948, 000 00

22,950 00337, 906 09456,197 72114, 336 55138, 786 43338, 896 04

26, 952 8186, 923 3744,619 83

23, 216 00342 47

852,243 1343, 252 00

51, 797 00

9, 481,167 02

16 banks .

$6, 051, 437 19960, 500 00

22, 650 00373, 743 76554,114 48

94, 885 66248, 963 49344,981 87

29, 664 2389,149 5586, 977 36

41, 428 00423 23

910, 083 7048, 004 00

52, 722 50



by States and reserve cities— Con tinned.

COLORADO.

Liabilities.

Capital stock


Nat' lbank circulation

Dividends unpaid

Individual deposits ..TJ. S. deposits.Dep'ts U.S.dis.officers


Due to State banks . -


Total

DECEMBER 20.

24 b a n k s .

$1, 990, 000 00

907, 500 00679,120 57

972 510 00

2, 240 00

8, 357, 232 22236, 989 24124,254 82

766, 474 22

619, 592 42

12, 500 00

14, 668, 413 49

MA UCII 10

24 banks.

$1, 965, 000

984, 500452, 730

961,190

570

8, 923, 556226, 099117,065

784, 714

778, 515

12, G67

15, 206, 909

00

0046

00

00

224436

65

51

78

42

MAY 6.

24 banks.

$1,965,000

985, 000468, 671

933, 340

306

9, 096, 065258,125148, 523

634, 328

779,134

17, 888

15, 286, 383

_ .

00

0096

00

00

092585

95

12

74

96

JULY 1.

24 banks.

$1,965, OCO

996, 400429, 376

929, 840

9,211

9, 406, 017237, 648122, 646

865, 556

750, 438

10, 871

15, 723, 007

00

0091

00

85

811075

15

55

52

64

OCTOBER 1.

25 banks.

$2, 025, 000

1, 003,100453, 549

926, 540

2,592

10, 281, 552248, 07477, 954

1, 063, 023

979, 624

17, 061, 012

00

0063

00

00

996493

80

33

32

NEVADA.

Capital stock

Surplus fundUndivided profits....

Natl bank circulationState bank circulation

Dividends unpaid

Individual deposits ..

Dep'ts U. S. dis. officers


Notes re-discounted..Sills payable

Total

1 bank.

$75, 000

25, 00014, 984

36, 000

138,048

10 073

52, 560

351, 667

00

0044

00

88

9 9

77

31

1 bank.

$75, 000

25, 0007,372

35, 960

189, 858

3,158

336, 349

00

0008

00

66

95

69

1 bank.

$75, 000

25, 00010, 649

34, 560

212, 308

258

357, 776

00

0052

00

30

50

32

1 bank.

$75, 000

25, 00011, 8,0

34, 220

206, 636

22

352, 678

00

00

00

16

14

43

1 bank.

$75, 000 00

25, 000 0010, 664 72

35,380 00

214, 700 56

678 49

21,753 31

383,177 08

Capital stock



Dividends unpaid


Due to national banksDue to State banks...

Notes re-discountedT?I11B payable

Total

C

14 banks.

$2, 050, 000 00

463,791 52408,803 31

818,200 00

2, 304 75

5, 617,193 67

46, 370 23167,737 56

9, 574,401 04

! ALIFORNI A.

14 banks.

$2, 050, 000 00

499, 779 96353,400 46

818,470 00

2, 200 25

5, 605, 721 92

64,034 04207, 586 60

9, 601,193 23

15 banks.

$2, 150, 000 00

501,779 96389,181 96

815,130 00

1,705 00

5, 412, 674 08

93, 303 51100, 078 24

9, 463, 852 75

16 banks.

$2, 175, 000 00

506, 779 96393, 602 53

837, 350 00

15,750 00

5, 313, 246 25

85, 724 16153, 714 12

9, 481,167 02

16 banks.

$2, 345, 000 00

548, 414 87339, 071 69

855, 720 00

2,169 50

5, 620, 030 24

68, 508 72130, 814 00

9, 909, 729 02


238 REPORT OF THE COMPTROLLER OF THE CURRENCY


CITY OF SAN FRANCISCO.

Resources.

Loans and discountsBonds for circulationBonds for deposits ..TJ S bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksHeal estate, &c . . . . . .Current expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ.S. cert's of deposit.Due from U. S. Treas

Total

DECEMBER 20. MARCH 10.

1 bank.

$1,921,822 64600,000 00

23, 220 2987, 027 43

322, 755 5092, 598 75

2, 371 847, 200 00

56, 344 512, 445 00

5 48

276, 500 002, 770 00

24, 500 00

3, 419, 561 44

1 bank.

1 $1, 746, 700 811 600,000 00

29,381 3490, 009 78

207, 666 0592, 598 75

804 906, 900 00

37, 618 231, 510 00

7 07

513,110 002, 279 00

26, 972 50

3, 355, 558 43

MAY 6.

1 bank.

$1, 799, 303 50600, 000 00

17, 699 6896,087 52

171,710 7992, 598 75

542 906, 700 00

45,691 196,178 00

6 95

565,673 003, 246 00

27, 000 00

3, 432, 438 28

JULY 1.

1 bank.

$1, 966, 670 93(J00, 000 00

102,178 14393,613 58

92, 598 75510 33

6, 500 00

67, 259 283,195 00

10 20

312,195 006, 960 00

27,000 00

3,378,691 21

OCTOBER 1.

.1 bank.

$2,146,771 566uO,000 00

100, 302 34176, 515 5592, 598 75

440 206, 200 00

115, 058 482,965 00

7 82

458, 435 002, 589 00

27, 000 00

3, 728, 883 70

OREGON.

Loans and discountsBonds for circulationBonds for deposits . -TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes . .U. S. cert's of depositDue from TJ. S. Treas

Total

8 banks. 8 banks.

$2, 028, 208 88 i410, 900 00 J500, 000 0038, 500 00

438, 258 23117, 387 6554,296 0186, 325 45

147,888 1955,115 5323, 549 5011, 107 26

$1,921,312 59410,900 00500,000 00

39, 000 00444,387 19176, 605 23125, 764 53233,818 44158, 009 41

30, 375 0318, 733 5031,187 18

12, 373 00661 11

424, 554 759, 957 00

9,291 00424 35

9 banks .

$2, 013, 893 34423,400 00500, 000 0039, 700 00

418, 231 64147, 707 99141,120 78205, 308 46160, 073 23

41, 200 5721, 644 1218, 965 33

12, 810 00297 42

18, 623 00

4, 377, 705 56

468, 647 528, 462 00

505, 243 4511,439 00

19, 688 00

4, 596, 605 97

20, 450 50

4, 681, 575 83

9 banks .

$2,100, 107 93423, 400 00500, 000 0039, 700 00

420, 828 40319, 770 86173, 404 0596, 592 99

163, 849 9221,389 L821, 196 1215, 887 76

18, 580 00776 39

306,074 3020, 786 00

20,150 50

4, 662, 584 40

9 b a n k s .

i2, 202, 226 30423, 400 00500, 000 00

40, UOD (JO441,437 59253, 2*i2 52188, 62 7 1)4144,420 4i199, KB2 7720,625 7221,459 H224, 370 35

12, 805 00634 93

508,790 m28,761 00

20,050 50

5, 031, 641 47

Loans and discountsBonds for circulationBonds for deposits...TJ S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses....Premiums paidCash itemsClear'e-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. S. cert's of deposit.Due from U.S. Treas

Total

2 banks. •

$134, 624 3737, 500 00

63,194 22

1,183 4614, 496 77

7, 047 481,968 803, 593 75

729 80

24, 972 00250 08

62, 203 65

1, 687 50

353,451 88

ARIZ O

1 bank.

$50,473 0712, 500 00

22, 803 71

260 02

2, 288 64

125 00360 28

5, 707 00

30,496 70

562 50

125, 576 92

N A.



by Slates and reserve cities-—Continued.

CITY OF SAN FRANCISCO.

Liabilities.

C ay) i i. al sto c k


!N"at'l bank circulationState bank circulation

Dividends unpaid

Individual deposits-..

Dep'ts U S dis officers


Due to State banks. .


Total

Capital stock

Surplus fundUndivided profits. - - -

N a t l bank circulationState bank circulation

Individual deposits. -TJ S deposit*Dep'ts II.rf.<.Us.oifi.ce.rs

Due to mil tonal banks

Due to State banks . . .

Xotes re-discounted..Bills payable

Total

Capital stock

Surplus fundUndivided profits. . . .


Dividends unpaid....

Individual deposits -..TJ. S. depositsDep'ts U.S.dis.officers



Iôtes re-discountedBills payable

Total

DECEMHEU

1 bank.

$1, 500, 000

228. 30998, 181*

495, 000

872

945, 968

84, 468

66, 759

3,419,561

8 banks .

$710, 000

73. 800602, n s

304, 310

2,00!, <M)7»27 93;}2-'7, 306

46, 347

123, 826

4, 377,705

2 banks .

$150, 000

2, 8426, 613

30, 650

144, 509

4,017

14. 819

-.-,,—T:

JO.

00

90 •54 ;

00 i

00 !

34

i

43 ij

23

! •

44 |

00 :

77 ';12 !

00i

1247 :86 '

I02 ;

20

I. . . L

56 |

00 '

19 I.15 !

001

a ;

!I

61 !

88

MARCH 10.

1 bank.

wl. 500, 000

228, 8-"0101,691

538, iGO

1, 222

803, 936

126, 744

54, 964

3, 355, 558

ORE

8 banks.

$710, 000

76, 000580, 786

358, 950

2, 2(59. 52711)2,029229, 0iJ2

86, 082

94,167

4, 59J>, 605

ARIZ

1 b a n k .

$f)0, 000

591

11,250

61,186

82

2, 466

125. 576

00

4921

00

00

15

13

45

43

G

00

0074

00

19

86

33

97

o

00

67

00

55

61

09

92

MAY 6.

1 bank.

$1, 500, 000 00

231,850 4975, 505 73

539, 850 00

1, 656 00

885, 981 54

96, 496 05

101, 098 47

3, 432, 438 23

O N.

9 banks.

$693, 000 00

78, 900 00601,846 15

331,805 00

150 00

2, 243, On 85

270, 713 86

115,334 51

89, 938 93

4, 681, 575 83

N A.

_

JULY 1.

1 bank .

$1,500,000

231, 850100, 281

533, 000

956

809, 699

108,818

94, 084

3, 378, 691

9 banks.

$705,000

80, 500587, 944

346, 850

7 000

2, 295, 858' 242, 2-?5212,008

84, 588

97, 599

3, 000

4, 662, 584

_

no4997

00

00

74

83

18

21

00

0083

00

00

541253

01

37

00

40

OCTOBER 1.

1 bank.

$1,500,000

234, 52099,131

539, 200

1,144

1, 090, 089

183, 409

81,389

3,728,8^-3

9 banks.

$710 000

81, 600618, 659

346, 740

15 000

2, 555, 552238, 233176, 344

112, 583

156, 818

20,109

5, 031, 641

00

4830

00

00

14

66

12

70

00

0063

00

00

416628

21

68

60

47



Abstract of reports since September 30,1884, arranged

DAKOTA.

Resources.

Loans and discounts.Bonds for circulation.Bonds for deposits...Other stocks and b'dsDue from res' veag'ts.Due from nat'l banksDue from State banksEeal estate, &cCurrent expenses....Premiums paidCasli itemsBills of other banks..Fractional curreiiC3r

Trade dollarsSpecieLegal-tender notes ..TJ S cert's of depositDue from TJ. S. Treas

Total

DECEMBER 20.

35 banks.

$3, 370, 856 HO654,250 00175, 000 00

300 00262, 761 78270, 298 72407, 532 28197, 568 20444,122 57114,907 37

58, 821 4057,470 13

185, 357 001,931 07

15-1,051 27307, 992 00

30, 536 39

6, 693, 756 78

MARCH 10.

36 banks .

$3, 446, 705 04678, 750 CO175,000 00

300 00258, 528 92318,207 74452, 724 48Ic3, 273 69456, 490 77

66, 082 6467,387 8347, 233 08

83, 922 002, 035 03

176, 472 51290,142 00

30,071 44

6, 733, 417 17

MAY 6.

38 banks.

$3, 525, 874696, 000175, 000

291, 755303, 702460, 488202, 806460, 845

89,21067, 60662, 880

103,0472, 328

193,820306, 704

34, 359

6, 982, 429

600000

7521782463200556

0044

4500

59

50

JULY 1.

40 banks .

$3,764,719721, 500175, 000

333, 256300, 022532, 030162, 659478, 292

45, 92865,49348, 778

109, 3013,169

199,049269, 330

31,775

7, 240, 306

970000

9623665100270735

0081

0200

59

44

OCTOBER 1

41 banks .

$4, 000, 272736, 500175, 000

294, 681414,411700, 994165,102500, 515

79, 08565, 30554, 919

242, 9053,318

2ii,004373, 821

37,107

8, 055, 946

600000

9574336510999539

0093

3000

29

22

I DAHO.

Loans and discounts.Bonds for circulationBonds for deposits ..TT S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banks.Due from State banksEeal estate, &c ..Current expensesPremiums paid.Cash itemsClear'g-honseoxch'gsBills of other banks..Fractional currency.Specie • - -Legal-tender notes ..TT S pfrt'ftofdenositDue from U.S. Treas.

Total

4 banks.

$336,842 1467, 800 00

50 000 00108, 866 6014,374 1611, 450 50

111,895 7416,231 1114,012 7716, 564 928, 143 17

19,175 662 21

38,416 5064, 441 00

3, 049 50

881, 265 32

4 banks.

$353, 25767, 800

50 000103, 884

2, 94222, 75846,38120,7157,218

16, 5826,378

25, 69012

32,57078, 021

3,049

837, 262

4500

003039374711496663

0032

5000

50

19

4 banks .

$359, 72667, 800

50 000137, 603

4, 63739,51753, 80820,7087, 894

16,4573,134

8, 6257

16, 78835, 976

3,049

825, 294

7400

005653860736226609

0059

0000

50

18

4 banks.

$345, 29567, 800

50 000116, 032

3, 92050, 69822, 47021, 4589,776

16, 45712,523

15, 5279

33, 99652, 010

4,049

822, 025

3400

002127843836896633

0039

5000

50

67

4 banks.

$350, 79567, 800

114, 88823,14362, 77553, 54320, 96010,90710, 94321, 738

17, 01012

42,10154, 291

3,049

853, 961

9300

5482264161484949

0049

8000

50

82

MONTANA.

Loans and discounts.Bonds for circulation.Bonds for deposits ..TT K bonds on handOther stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsTrills of other banks..Fractional currency.

SpecieLegal-tender notes ..TJ § cert's of depositDue from TJ. S. Treas.

Total

13 banks .

$5,124, 069399, 350200, 000

390, 755240, 719209, 020206, 072242, 475

75, 39752, 75978, 851

112, 438994

454 211239, 845

23, 495

8, 056, 456

300000

5282541989609715

0034

8000

36

48

14 banks .

$5,271,686 26424, 350 00200, 000 00

386, 258 90214, 744 51255, 023 18209, 548 92271,891 3640, 522 3454,170 6270, 548 99

118, 838 001,062 07

521, 447 90342,103 00

21, 892 87

8, 404, 088 92

14 banks.

$5,404,216424, 350200, 000

416,780195, 649209, 307214, 436268, 27361,65953,12540, 034

81, 920740

519, 790297, 743

20,120

8, 408,150

990000

1427938989862188

0071

3700

87

01

14 banks .

$5, 603,177424, 350200, 000

431,030282, 748285, 694189, 783270, 092

10,18352, 91469, 381

111, 039556

520, 760352, 670

20, 283

8, 824, 665

120000

4926822591603203

0081

4100

87

89

15 banks .

$5, 515,195439, 350200, 000

492, 330407, 898521, 058271, 206294, 903

39, 81552, 89452, 054

74, 636396

574 460327, 458

23, 866

9,287, 524

020000

51?1704256190198

0059

4500

87



by States and reserve cities—Continued.DAKOTA.

Liabilities.

Capital stock



Dividends unpaid





Total

DECEMBER 20.

35 banks .

$2,140, 000 00

438,424 67361, 825 27

573, 485 00

135 00

2, 791, 090 66119,715 95

26,193 71

37, 887 04

80, 639 33

92,360 1532,000 00

6, 693, 756 78

MARCH 10

36 banks .

$2, 240, 000

467, 923217, 348

584 025

7,790

2, 863, 80213d, 047

17, 628

24, 701

97, 077

65, 07218, O0U

6, 733, 417

00

3589

00

00

408554

93

14

0700

17

MAY 6.

38 batiks

$2, 300, 000

456, 523285, 6J8

605, 700

275

2, 945, 616122, 727

18, 6[)Q

21, 267

107,198

95, 79523, UOO

6, 982, 429

00

3550

00

00

696636

32

77

8500

50

JULY 1. ;

40 banks .

$2, 332, 500 00

490, 073 35209, 964 92

620, 990 00

20, 138 00

3,170. 700 40114,007 9229, 233 88

53,186 12

79, 269 23

104. 142 6215, 50u 00

7, 240, 306 44

OCTOBER 1.

41 b a n k s .

$2, 402,100

500, 573279, 028

646, 630

1, 240

3, 725, 521113,19537, 921

44, 977

154, 782

136. 97513, 000

8, 055, 946

00

3582

00

00

667512

78

47

2700

22

I D AHO.

Capital stock . . .



Dividends unpaid

Individual deposits..U. S. deposits . . .Dep'tsU.S.dis.officers




Total

4 banks.

$250, 000 00

20,000 0068, 444 29

59, 290 00

458, 866 71

1,385 27

23, 279 05

881, 265 32

4 banks.

$250,000 00

20, 000 0037, J67 96

58, 090 00

454, 826 01

256 20

16, 922 02

837,262 19

4 banks.

$250, 000 00

20, 000 0039,931 44

60,040 00

426, 084 30

65 94

29,172 50

825,294 18

4 banks.

$250,000 00

20, 000 0050, 400 97

59,740 00

423, 388 98

3,221 25

15,274 47

822, 025 67

4 banks .

$250, 000 00

20, 000 0062, 54ti 34

60,140 00

416, 654 59

45 59

44, 575 30

853, 961 82

MONTANA.

Capital stock



Dividends unpaid

Individual deposits ..U. S. depositsDep'ts U.S.dis. officers


Due to State banks -..


Total

13 banks

$1, 650, 000

264, 500641, 888

355, 950

4, 622, 74461,241

140, 832

183, 272

69, 312

66, 714

8, 056, 456

00

0037

00

691780

75

66

04

48

14 banks.

$1, 735, 000

292, 500629, 881

378, 750

4, 854, 58759, 852

102, 021

200, 398

52, 919

98,177

8, 404, 088

00

0056

00

244444

73

87

64

92

14 banks

$1,750,000

292, 500695,316

378, 250

4, 858, 381110,75915, 892

118, 770

76, 990

111,288

8,408, 150

00

0042

00

760168

70

71

73

01

14 banks.

$1, 750, 000

293, 500649, 105

378, 550

10 000

5, 247, 47669, 80180, 733

178, 447

50, 361

116, 689

8, 824, 665

00

0028

00

00

6716.93

91

52

42

89

15 banks.

$1, 810, 000

298, 000740,678

378, 250

5, 329, 503136, 32826, 293

413, 987

45,133

109, 32228

9, 287, 524

00

0017

00

134781

42

20

0235

57

5745 CUR lt>Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2 4 2 REPOJRT OF THE COMPTROLLER OF THE CURRENCY.


Resources.

Loans and discountsBonds for circulationBonds for deposits ..TJ S bonds on handOther stocks and b'dsDue from res' ve ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTraili* dollarsSpecieLegal-tender notes . -TJ. S. cert's of deposit.Due from U. S. Treas

Total |

DECEMBER 20.

8 banks.

$1,278,031 22450, 000 00210, 000 00

38, 529 49125,715 62382,929 60133,396 97122,691 7040, 002 414, 637 G6

26, 366 16

29, 950 00781 56

147,951 0580,185 00

20,470 00

NEW MEXICO.MARCH 10.

8 banks .

$1, 322, 069 31450, 000 00210,000 00

45, 661 28155, 560 70304,031 12100, 304 60146, 959 09

25, 968 085,567 71

12, 263 84

24,166 001, 215 53

174, 256 3583,107 00

23, 737 50

3,091,638 44 3, 084, H6S 11

MAY 6.

8'banks.

$1,426,003 14450, 000 00210, 000 00

47,381 06217, 502 14284,433 3261,274 30

172, 407 7329, 835 14

5, 143 4122, 962 72

24, 603 001, 286 48

173, 385 7877, 248 00

19, 757 50

3, 223, 403 72

JULY 1.

' 8 banks.

$1,443,714 49412,500 00210, 000 00

46, 848 44205,493 55331,166 49

97, 820 12174,429 7328, 778 226,513 25

25,287 90

21, 307 00987 90

125, 807 5769,178 00

20, 550 00

3, 220, 382 66

OCTOBER 1.

8 banks .

$1, 423, 513 01412, 500 00210, 000 00

60, 597 91324, 626 24308, 296 7767,379 52

159, 906 9828,714 53

7, 935 1311, 977 29

23,121 00942 61

141, 533 6570, 816 00

17, 850 00

3,269,710 64

Loans and discounts.Bonds for circulationBonds for deposits . .TJ S bonds on handOther- stock and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksHeal estate, &cCurrent expensesPremiums paidCash items -Clâr'g-honse exch'gsBills of other banks .Fractional curreneyTnde dollars

Legal-tender notes . .TJ S cert's of depositDue from TJ. S. Treas

Total

5 banks.

$1, 322, 922387, 500100, 000

192,15450, 588

237, 29084,15584, 40512, 85235, 109

4, 822

34, 8C474

320 89021, 391

17, 437

2, 906, 547

130000

2540661404495613

0044

7500

50

49

U T

5 banks.

$1,214,142387, 500100, 000

192,09453, 954

163, 82292,10583, 74513, 29233, 4536, 462

2,045195

237 27812, 239

16, 937

2, 609. 268

A

910000

3427972504093141

0008

01)00

50

07

H .

5 banks.

$1,197,815387, 500100, 000

192, 09466, 498

143, 04188, 85184, 6915, 375

33, 4535,477

4,717468

222 3869,046

17,437

2, 55H, 854

620000

3417427304963130

0085

0000

50

24

6 banks .

$1, 344, 386 33437, 500 00100, 000 00

236, 809 60170, 846 76205,465 64106, 579 16110,827 77

4,921 1128, 3G7 7313, 035 87

5, 476 00375 75

182 116 6423, 660 00

19, 687 50

2, 990, 055 86

6 banks .

$1, 365, 239 07437,500 00100, 000 00

247, 880 35135. 390 29357, 426 67101,631 27111, 183 24

17, 639 7727, 805 23

8, 719 27

28,174 00160 00

215 577 6235, 040 00

19,687 50

3, 209, 054 28

WASHINGTON.

Loans and discountsBonds for circulation.Bonds for denositsTJ S bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..TJ S cert's of depositDue from U.S. Treas

Total

15 banks

$1, 854, 265317, 500

10090,46373,13624,83156, 761

170, 52730, 04721, 29914 3">4

9,379125

286 2907. 069

15, 225

2,971,346

8600

002897270676629143

0031

4200

00

89

15 banks

$1, 865, 373310, 000

10,10088,01578, 57257, 32742, 449

175, 41118,25825, 95815 880

9,296156

303 63217, 846

15, 987

3, 034, 26C

6200

Of)31962732813864

0078

0700

50

45

15 banks

$1, 878, 240310, 000

10087, 297

100, 85641,91757, 662

183, 93925, 51035, 95315 60(3

10, 942247

263 18321, 088

14, 650

3,047, 196

3800

0095759708500264

on0040

5400

00

13

15 banks

$1, 933, 331310,000

10073, 738

172, 81774, 70853, 781

182,16217, 99535, 64720 366

11, 273270

269 06713, 844

14 048

3,183,154

6500

0058449047909449• ? * '

0078

7100

50

68

15 banks

$2, 035, 383380, 000

79,152154, 35584,491

110. 245148, 07519, 43551,452*>6 377

22, 746255

265 36515,109

17, 200

3, 409, 643

9100

06173901207049

0004

4400

00

95




NEW MEXICO.

Liabilities.

Capital stock . . .



Dividends unpaid





Total

DECEMBER 20.

8 banks .

$645, 000 00

165 888 0386, 298 22

400,097 00

40 00

1, 430, 297 0882, 653 27

124, 942 50

77, 918 11

68, 504 23

10, 000 00

3, 091, 638 44

MARCH 10.

8, banks .

$650, 000

137, 57564, 627

400, 237

40

1, 468, 66874, 346

108, 547

116, 796

54, 029

10, 000

3, 084, 868

00

8848

00

00

127339

19

32

00

11

MAY 6.

8 banks .

$650, 000

139, 28765, 727

401,160

844

1, 585, 21599,617

J 03, 270

144,160

24,121

10, 000

3, 223, 403

00

8533

00

00

213505

22

71

00

72

JULY 1.

8 banks .

$650, 000

157, 28751, 020

369, 590

200

1, 587, 84485,471

100,174

162, 570

46, 222

10, 000

3, 220, 382

00

8548

00

00

578352

50

91

00

66

OCTOBER 1.

8 banks .

|650, 000

153, 20950, 474

369, 770

240

1, 750, 47577, 99999, 279

96, 031

22, 230

3, 269, 710

00

7570

00

00

140770

43

85

64

UTAH.

5 banks. 5 banks.

Capital stock .



Dividends unpaid

Individual deposits..U. kS. depositsDep'ts U.S.dis.officers




$600, 000 00 $600, 000 00

243, 750 0083, 773 86

319,150 00

266, 250 0055, 409 17

306, 900 00

642 00 !

1, 507, 479 82 j20,327 63 j64,810 92 j

38,031 98

21,901 28

1,680 005, 000 00

856 00

1, 206, 735 5047, 459 3241,587 77

27, 954 78

49, 435 53

1, 680 005, 000 00

5 banks .

$600, 000 00

266, 500 0054, 575 98

298, 800 00

2, 626 00

1, 207, 693 5941, 322 0239, 221 72

26, 775 59

16, 339 34

6 banks. ;

$800, 000 00 |

274, 000 00 I37, 880 62 j

299, 750 00 I

6 banks.

$800, 000 00

274, 500 0067, 097 89

324, 930 00

6, 471 00 3,171 00

1, 452, 188 79 I 1, 626, 640 9251, 389 02 | 17, 682 8820, 925 84 i 45, 904 58

21, 836 6115, 861 49

26, 589 10

Total

5, 000 00 I

2, 558, 854 242, 906, 547 49 | 2, 609, 268 07

WASHINGTON.

5, 000 00

2, 990, 055 86

27, 290 40

3, 209, 054 28

15 banks.

Capital stock



Dividends unpaid

Individual deposits...U. S. deposits.



Due to State banks . . .Notes re-discounted..Bills payable

$960, 000 00

90, 429 49353, 058 80

284,450 00

4, 620 00

1,139, 626 48

15 banks.

$980, 000 00

114, 529 82312, 688 10

277, 600 00

15 banks.

$980, 000 00

135, 529 82 :349, 907 88 '

277, 600 00 !

15 banks .

$1, 005, 000 00

137,423 50372, 057 40

264, 950 00

1, 270 00 j 790 00 ! 2,165 00

1, 221, 513 01 | 1, 207, 010 25 I 1, 343, 740 24

46,125 65

83, 036 47

51, 623 55

75, 041 97

43, 546 86 !

52,811 32 j

15 banks .

$1,005,000 00

140,091 26375, 375 60

322,560 00

575 00

1, 450, 206 17

29, 205 70 |

18, 612 84 !

48, 298 90

67, 537 02

10,000 00 i 10, 000 00

Total I 2,971,346 8 9 | 3,034,266 45 3,047,196 13 1 3,183,154 68 3,409,643 95




WYOMING.

Resources.•

Loans and discountsBonds for circulationBonds for deposits ..TJ S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear1 g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due fromU. S. Treas

Total

DECEMBER 20.

4 banks .

$1, 593, 362 45142, 5U0 0075,000 00

56, 638 14333, 790 35204,971 57

5, 726 7737, 169 6129, 8f>4 5432, 382 5011,454 31

16, 770 00289 13

108, 330 7564,134 00

7,125 43

2,719, 499 55

MARCH 10.

5 banks .

$1, 549, 736 66155, 000 00

60,105 30244, 627 31201,650 27

84, 447 5438, 624 0711,322 7916, 925 018, 747 96

18, 566 00299 32

138,561 6087, 417 00

10, 412 50

2, 626, 443 33

MAY 6.

5 banks .

$1,610,460 15155,000 00

60, 042 29200,216 88117, 3:*3 30

45, 547 0238,637 5719,231 0416, 941 2315, 565 25

23,981 00426 84

164, 027 2386, 700 00

6, 975 00

2, 561, 084 80

JULYl.

5 banks .

$1, 637, 800 47155, 000 00

68,411 44337,611 88258, 652 77

20, 924 5338, 679 9213, 668 1216,644 7513,101 09

19, 014 00265 16

170, 576 7672,510 00

6, 975 00

2, 829, 835 89

OCTOBER 1.

5 banks.

$1, 860, 906 47155,000 00

74,153 39244,907 72295, 693 93

44, 863 7738,821 3426. 352 6516, 577 25

9, 633 42

17,763 00154 65

209, 694 8564,416 00

7, 675 00

3,066,613 44




W YOMING.

Liabilities.

Capital stock


Ifat'l bank circulationState bank circulation

Dividends unpaid

Individual deposits...U. S. depositsDep'ts TJ.S.dis. officers




Total

DECEMBER 20.

4 banks .

$525, 000 00

80, 000 00142, 535 27

125, 950 00

1, 708, 042 4417, 135 9249, 908 03

21, 357 47

6, 906 76

42, 663 66

2, 719, 499 55

MARCH 10.

5 banks .

$800,000 00

134, 000 0098, 803 17

127, 450 00

1, 429, 881 56

31,461 69

4, 846 91

2, 626, 443 33

MAY 6.

5 banks .

$800,000 00

134, 000 00130, 327 27

137, 700 00

1, 340, 956 04

15, 461 79

2, 639 70

2, 561, 084 80

JULY 1.

5 banks .

$800, 000 00

139, 000 00103, 917 43

136, 500 00

1, 595, 710 87

28, 442 42

26, 265 17

2, 829, 835 89

OCTOBER 1.

5 banks .

$800, 000 00

140, 000 00151, 593 32

139,500 00

1, 744, 352 95

61, 258 07

29, 909 10

3, 006, 613 44


INDEX.

Page.INTRODUCTION 5

Number of banks organized during the year, with their capital and circulation 5Location of banks organized during the year in States, with their number, capital, bonds de-

posited, and circulation issued 5Location by geographical divisions 6Number of banks organized since establish ment of system 6Number of banks in liquidation since establishment of system 6Number placed in hands of receivers 6Number of banks expiring by limitation during the year 6Number of banks extended during the year under the act of July 12, 1882 6Number of banks to expire during November and December of present year 6

MINIMUM BONDS REQUIRED BY LAW 6

Tendency to limit deposit of bonds to minimum required by law 6Decrease during past three years of bonds deposited in excess of minimum required by law. 6Increase in number of banks organized with capital of $150, GOO and under 7Value of national-bank system to the public 7

EXTENSION OF CORPORATE EXISTENCE OF NATIONAL BANKS 7

Banks organized under act of February 25, 1863 8Number organized underact of February 25, 1863, which extended their corporate existence. 8Banks organized under act of June 3, 1864 8History of the act for extension of corporate existence 8Action of banks expiring prior to the passage of the act of July 12, 1882 8Decision of At torney-General 8Dates of extension of banks organized under act of February 25,1863 9Expiration of banks during the years from 1886 to 1899, inclusive, with their capital and cir-

culation 9Total number of banks extended Tinder act of July 12, 1882 9Number of banks expiring from November 1, 1884, to November 1, 1885 10Additional labor entailed upon the office 10Expiring national banks generally extend their corporate existence 11Provisions of the act of July 12, 1882, generally well adapted for the purpose 11Amendment to section 5, act of July 12, 1882 11Amendment to section 6, act of July 12, 1882 12Anticipated deposit of legal-tender notes on and after February 2">, 1886 12Attention called to provisions of section 9 of the act of July 12, 1882 13Action taken by office to obviate difficulty anticipated February 25, 1886 13Reappraisals of stock made by the office 13

•CIRCULATION OF THE NATIONAL BANKS 13

Aggregate bonds on deposit diminished during the year 14Comparison of class and kind of bonds on deposit to secure circulation on November 1,1883,

1884, and 1885 14Net decrease of circulation during the year 14Reduction of national-bank circulation due to other causes 15No laws affi cting national-bank: circulation enacted during last year 16Reduction will continue unless the banks can make a greater profit on their circulation 16Issue of notes unsecured by bonds considered 16Suggestions as to safety-fund system 17Results of the liquidation of 104 insolvent national banks in relation to unsecured circula-

tion 17Bank circulation being superseded by silver dollars and silver certificates 18Number of silver dollars coined 18Amount of silver dollars held in the Treasury and in circulation 18

247


248 INDEX.

Page.CIRCULATION OF THE NATIONAL BANKS—Continued.

National banks and silver certificates 15>Coining of silver dollars in excess of present requirements 19Unsettled state of silver question 19

Probable effect of going to silver basis 20BANK-NOTE ISSUES OF OTHEH COUNTRIES 20

Introductory remarks 20Necessity of Government enactment to protect the public from loss on bank-note issues 20"Bank-note circulation in England 21Act regulating issue of bank notes in England 21Amount of circulation of English banks, including the Bank of England 21Proportion of actual circulation of English provincial banks to their entire liabilities 21Amount of notes issued by the Bank of England 22Notes of Bank of England secured by the Government debt or bullion 22Notes of England joint-stock and private banks based on their general credit 22Bank of England issues notes for gold bullion 22Tax paid by the Bank of England 22Bank of England notes a legal tender 22Action of Bank of England in times of financial distress 221

Bank-note issues in Scotland and I re land 23Priv i lege of addit ional issue enjoyed by b a n k s in Scotland and I re land 23Liabi l i t ies to individual sharehoLleis in Scotland and Ireland unl imited 23Scotch and Ir ish banks hold no specia l securi t ies against the i r i ssues 23

B A N K S O F ISSUE OF CANADA 23

G eneral bank act of Canada 23None but chartered banks permitted to issue notes 23Law against over issue 23Denominations of the bank notes 24Bank notes a first charge on all assets of the bank 24Liability of shareholders in Canadian banks 24Cash reserve held 24Branch banks and offices 24Provisions as to Dominion notes 24

ENGLISH AUSTRALASIAN COLONIES 25

Australasian banks carried on under Scotch system *.. 25Reserve held 25Laws in force 25Large proportion of one-pound notes issued 25Coin reserve 25Taxes imposed 25Banking in Australia much extended since 1873 25Recent banking measures introduced in the New Zealand parliament 25

BANK OF ISSUE OF FRANCE 25

Bank of France has exclusive right to issue notes 25Notes of the Bank of France are based on the security of the general assets 25No limitation to the circulation of the bank by law 25Notes of Bank of Fiance a legal tender, redeemable in either gold or silver 26Amount outstanding and reserve held on October 1, 1885 26

BANKS OF ISSUK OF GEUMANY 26

Banking law of 1875 26Position of Imperial Bank of Germany 26Amount of circulation allotted to the Imperial Bank and the provincial banks 26Annual tax on excessive issues .- 26Special rights of the Imperial Bank of Germany 26Reserve required to be kept by the Imperial Bank of Germany 26

BANK OF ISSUE OF AUSTRIA 26

Austro-Hungarian Bank has exclusive right to issue notes 26• Origin of the Austro-Hungarian Bank * 26

Notes redeemable in coin 26Penalty for non-redemption 26Authorized issues 27Regulations governing the Austro-Hungarian Bank ". 27

BANK OF ISSUE OF BELGIUM 27

Issue of bank notes confined to the National Bank of Belgium 27Notes of national bank a legal tender to the Government 27"Reserve required - 2T


INDEX. 249

Page.BANK OF ISSUE OF THE NETHERLANDS 27

Netherland national bank has monopoly of issuing bank notes 27Issues two classes 27Reserve required 27

BANK OF ISSUE OF DENMARK 27

Bank of Copenhagen has exclusive privilege of issuing bank notes in Denmark 27Issues without limit 27Amount of notes outstanding December 31, 1884 28

BANK OF ISSUE OF NORWAY 28

Bank of Norway has exclusive privilege of issue in Norway 28Laws relating thereto 28Notes a full legal tender 28

BANKS OF ISSUE IN SWEDEN 28

Bank of Sweden founded in 1656 28First bank in the world to issue notes 28Kind and amount of notes in circulation 28Reserve kept 28Enskilda banks 28Issue of notes by Enskilda banks and regulations controlling the same 29

BANK OF ISSUE OF RUSSIA 29

Imperial Bank of Russia has exclusive right to issue bank notes 29No limit to issue of circulation 29Connection of bank with the Government 29Amount of notes oustanding at latest obtainable date 29

BANKS OF ISSUE OF SWITZERLAND 29

Cantonal and joint-stock banks - 29Issue unlimited 29Tax on bank notes 29No preference given to note-holders 29Amount outstanding December 31, 1884 29

BANKS OF ISSUE OF ITALY. 29

Law governing the issues of bank notes in Italy 29Issues of associated banks 29Government loans to banks 30Additional notes issued by banks 30

BANK OF ISSUE OF SPAIN 30

Bank of Spain has exclusive right to issue bank notes 30Limit of issue 30Notes payable in coin 30

BANKS OF ISSUE IN PORTUGAL 30

Issue of Bank of Portugal and other banks 30Privileges of the Bank of Portugal 30Notes outstanding December 31,1884 30

BANKS OF ISSUE IN JAPAN 30

National bank act of Japan 30Number of national banks in operation in Japan 30Amount of outstanding notes 30Specie bank of Yokohama 30Banking bureau and financial development of Japan 31Establishment of Bank ofc Japan 31Intentions of the Bank of Japan 31

INTEREST-BEARING FUNDED DEBT OF THE UNITED STATES AND AMOUNT HELD BY THE NATIONAL

BANKS. 31Reduction of the funded debt since 1869 31Amount held in foreign countries 31Interest-bearing funded debt on August 31, 1865, July 1 in each succeeding year, and on No-

vember 1, 1885 32SECURITY FOR CIRCULATING NOTES 32

Changes in the rates of interest on United States bonds deposited as security by the nationalbanks 33

Bonds held by the Treasurer as security for circulating notes November 1, 1885 33Dates of authorizing acts 33Profits on circulation merely nominal 33

COMPARATIVE STATEMENTS OF THE NATIONAL BANKS FOR ELEVEN YEARS 34

Resources and liabilities of national banks on October 1,1885 35Twenty-five States having largest amount of banking capital, together with amount of circu-

lation, loans, and deposit 36Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

250 INDEX.

Page.^REDEMPTION 36

Maintenance of the 5 per cent, redemption fund 36National-bank notes redeemed by the Treasurer at the expense of the banks 36National-bank notes received monthly by the Comptroller of the Currency and at the re-

demption agency of the Treasnry from November, 1884, to November, 1885 37Amount received by the redemption agency from principal cities 37Increase in redemption of notes fit for circulation 37Total amount received by the Comptroller of the Currency for destruction; 37Number and amount of national-bank notes of each denomination issued and redeemed since

the establishment of the system and on November 1, 1885 37Eeference to table in appendix showing amount of national-bank notes outstanding by do-

nominations on October 1 of the last thirteen years r . . 37National-bank notes received and destroyed in the office of the Comptroller of the currency

yearly since the commencement of the system 38NATIONAL BANK FAILURES 38

Failures since last year 38Affairs of insolvent banks finally closed during the year 38Insolvent banks closed with the exception of litigation : 39List of insolvent banks which paid dividends during the year 39Decrease in number of failures during the year 1885 40Action under criminal section of national-bank law 1 40Number of banks in hands of receivers since the commencement of the system 40Number of banks in voluntary liquidation 40Number of insolvent banks finally closed 40Number of insolvent banks in process of settlement 40Losses to depositors in national banks 40Total dividends paid creditors of insolvent national banks 40Dividends paid creditors of insolvent national banks duiing the year 40Assessments upon stockholders and amounts collected therefrom 40

TAXATION 41

Tax on circulation the only remaining Government tax 41Cost of the national-bank system to the Government, how paid 41Suggestions as to repeal of law for taxation of circulation 41How expenses of the national -bank system may be paid if tax is repealed T . . 41Total expense of the office of Comptroller of the Currency from the date of the establish-

ment of the system 41Total tax collected on circulation during the fiscal year ending June 30, 1885 41Taxes paid by the national banks on circulation, deposits, and capital from 1864 to 1885, in-

clusive 42Taxes paid by banks other than national banks on circulation, deposits, and capital from

1864 to 1882 42STATE TAXATION OF NATIONAL-BANK SHAKES 42

Recent important decision by the United States Supreme Court 43Original national currency act did not authorize States to tax national banks 43Reasons for granting the privilege 43Power to tax national-bank shares granted by the act of June 3,1864 43Question as to the exemption of United States bonds held by the national banks 43Opinion of Hon. Freeman Clarke Comptroller of the Currency 43Decision of the United States Supreme Court in Van Allen v. Assessors 43Distinction as to property in national-bank shares 44Decision of the United States Supreme Court in Peoples. Commissioners 44Decision of UDited States Su pi erne Court in Lionberger v. Rouse 44Effect of act of February 10, 1868 44Action of Congress upon approving Revised Statutes 44Method in which validity of State tax on national bank shares is to be determined under

present law 45Classification of discriminations made in taxation of national bank shares 45Decision of the United Slates Supreme Court in Pelton v. Commercial National Bank, of

Cleveland; Cummings v. Merchants National Bank, of Toledo; in People v. Weaver; inEvansville Bank v. Britton ; Supervisors v. Stanley ; Hepborn v. School Directors ; Boyerv. Boyer 46

Effect of decision in Boyer v. Boyer 46Action of banks in city of New York 47State and municipal taxation of national bank notes 47


INDEX. 251

Page.LOANS AND HATES OF INTEREST 47

Classification of loans of national banks in New York and other reserve cities on October 2,1883, September 30, 1884, and October 1,1885 48

Classification of loans of national banks in New York City for the last five years 48Recommendation renewed that the law should be amended to relieve from the limit of 10

percent, of capital, loans on United States bonds, produce and warehouse receipts 48RATES OF INTEREST IN N E W YORK CITY AND IN FOREIGN COUNTRIES 49

Average rate in New York for the fiscal years from 1875 to 1885 49Aver age rate of the Bank of England at same dates 49No change in rate of discount of Bank of England during the past year 49Rates in New York City for the four months previous to November 1, 1885, and on that date. 49Changes in the rate of discount of the Bank of France during the year 1885 49

Denominations of bills discounted by the Bank of France for the year 1884 50

DIVIDENDS AND EARNINGS 50

National bank system not weakened by commercial failures during 1884 and 1885 50Surplus and undivided profits on September 30, 1884, and October 1, 1885, compared 50Losses of national banks during the last five years 50Dividends paid by banks in foreign countries and in the United States compared . 51

TRANSACTIONS OF THE N E W YORK CLEARING HOUSE 51

Average daily balances 4 52Total amount of settlements during the year 52Form in which balances were paid 52Balances due from the Government paid in gold certificates and legal-tender notes 52Transactions of the New York Clearing-House for thirty-two years 52

Transactions of Assistant Treasurer of the United States at New York for the year endingOctober 31, 18*5 53

Reference to clearing-house tables in the Appendix 53

Transactions of clearing-houses located in New York and other cities for the week endingOctober 31, 1885, and for the corresponding week in 1884 53

Transactions of the same clearing-houses for the month of October, 1884 and 1885 53Transactions of clearing-houses located in 25 cities for the year ending October 31,1885 54Large proportion of exchanges in New York City. 54

CLEARING-HOUSE CERTIFICATES 54

Law in reference to United States clearing-house certificates 54Legal-tender certificates and amount outstanding at various dates 54Gold certificates, act of March 3, 1^63, and amount outstanding at various dates 54Gold certificates issued against gold deposited with the bank of America and amount out-

standing at various dates 55Gold certificates authorized by the act of July 12, 1882 55Clearing-house certificates based on fractional silver coin 55Gold and silver certificates held by the Treasurer and the banks 55Clearing-house certificates issued to Metropolitan National Bank 56

RESERVE 56

Net deposits and the amount and classification of reserve held by the banks in New YorkCity and other reserve cities, and by the remaining banks at various dates 56

Movement of reserve for the last nine years as shown by returns made to the New YorkClearing-House 57

UNITED STATES LEGAL-TENDER NOTES AND NATIONAL HANK CIRCULATION 58

Sketch of the history of legal-tender notes, amount and kinds of outstanding currency of theUnr ed States and of the national banks, August 31, 1865, aud on November 1, 1885 58

Lawful money deposit under act June 2C, 1874 58Nation; 1 bank circulation redeemed since June 20, 1874 58National-bank circulation issued and retired by the banks located in each State since Jnne

20, 1874 \ 59

Additional circulation issued and circulation retired during the year 60Lawful money deposited during the year to retire circulation 60Total amount of lawful money deposited under act of July 12, 1882 60

Lawful money on deposit by insolvent and liquidating banks, by banks reducing circulationon the first day of each of the last five mouths . . . 60

DENOMINATIONS OF PAPER CIRCULATION OF THE UNITED STATES AND OF THE BANKS OF FOREIGN

COUNTRIES 60

Smallest denomination of national-bank notes now issued 60Denominations of national-bank and legal-tender notes outstanding October 31, 1885, and ag-

gregates for the two previous years 61Percentage of different denominations now outstanding 61


252 INDEX.

Page.UNITED STATES LEGAL-TENDER NOTES AND MATFONAL BANK CIRCULATION—Continued.

Circulation of Imperial Bank of Germany on January 1,1885, by denominations 61Increase in the circulation of the Imperial Bank of Germany during the year 61Circulation of the Bank of France January 1, 1885, by denominations 62Decrease in the circulation of the Bank of France during the year 62Smallest denominations issued by foreign banks 62

DISTRIBUTION OF COIN AND PAPER CURRENCY 62

Net imports and estimated gold production since resumption of specie payment 62Standard silver dollars coined during the year 63Coin and currency in the country on the date of resumption and on November 1, 1882,1883,

1884, and 1885 , 63Decrease in national bank-notes during the year 63Increase or decrease during the year in coin and currency 63Gold, silver, and currency in private, state, and national banks on date of resumption and

on November 1, 1882,1883, 1884, and 1885 64Gold, silver, and currency in the country outside of the banks and Treasury on the same

dates 64Increase of gold in the Treasury and in the banks during the year 64Issue of silver certificates and amount outstanding on the date of resumption and on No-

vember 1 of the last five years 65Decrease in circulation and silver certificates during the year 65Gold certificates issued under act of July 12, 1882 65

SPECIE IN BANKS AND IN THE TREASURY OF THE UNITED STATES AND ESTIMATED AMOUNTS IN THE

COUNTRY .„ 65

Specie held by the banks for the last eleven years 65Silver coin and certificates held by the national banks 66Specie held by the banks other than national, as reported to the State officers 66Estimate of the Director of the Mint as to the coin in the country on June 30, 1885 67Estimated increase from June 30. 1885, to November 1, 1885 67Amount of gold and silver bullion in the mint and in New York assay office October 1,1885. 67Gold and silver in the Treasury of the United States on September 30 of each year from 1876

to 1885, and on November 1, 1885, with the percentage of each 67Coin and bullion in the Bank of England each year from ] 870 to 1885 68Gold and silver in the Bank of France each year from 1870 to 1885 68

NUMBER, CAPITAL, AND DEPOSITS OF STATE AND SAVINGS BANKS AND PRIVATE BANKERS 68

Act of Congress requiring the Comptroller to obtain information in reference to banks or-ganized under State laws 68

State banks, trust companies, and savings banks with capital and without capital, by geo-graphical divisions, with their number, capital, and deposits . . . . . 69

State banks, savings banks, private bankers, and natior»al banks, by geographical divis-ions, with their number, capital, and deposits 69

Total number of banks and bankers in the country 69Number, capital, and deposits of each of the class of banks, for the seven years ending No-

vember 30, 1882 70Repeal of the law taxing capital and deposits of State banks and private bankers 70

AMOUNT OF UNITED STATES BONDS HELD BY BANKS ORGANIZED UNDER STATE LAWS 70

United States bonds held by State banks in 1881, 1882, 1883, 1884, and 1885, arranged by geo-graphical divisions 7 0

STATE BANKS, TRUST COMPANIES, AND SAVINGS BANKS 71

States from which returns have been received through the courtesy of State officers . . . . . . . 71Resources and liabilities for the last five years of State banks and trust companies in opera-

tion 71States in which the above banks and companies are located 71Resources and liabilities of savings banks for the last five years 73Savings banks in the city of Philadelphia 72Comparison of the deposits of savings banks and trust companies with those of national

banks 72.Average per capita savings bank deposit accounts in New EDgland 73Average per capita savings bank deposit accounts in the State of New York 73Reference to State bank statistics in Appendix 73Private bankers, impossible to obtain authentic information in regard to them 72Reference to tables in the Appendix giving information for previous years 73Special attention called to the synopsis of judicial decisions, and to tables in the Appendix

and to the index of subjects and list of tables to be found at the close of the Appendix 73Reference to the industry and efficiency of officers and clerks in the office of the Comptroller. 73


INDEX. 253

TABLES CONTAINED IN THE APPENDIX.Page.

Names and compensation of officers and clerks in the office of the Comptroller of the Currency,and expenses for the fiscal year ending June 30, 1885 75

Synopsis of the decisions of the Supreme and circuit courts of the United States and of Statecourts of last resort upon national-bank questions . . . 77

Number and capital of national banks the corporate existence of which was extended prior toNovember 1, 1885 107

National banks whose corporate existence will expire during the year 1886 107Number of banks organized and in operation, with their capital, bonds on deposit, and circula-

tion issued, redeemed, and outstanding, on November 1, 1885 108Number and denomination of national bank notes issued and redeemed, and the number of each

denomination outstanding, on November 1 in each year, from 1873 to 1885 109Losses that would have been incurred bv the holders of notes of insolvent national banks if

such notes had been unsecured except by a first lien on the general assets of the respectivebanks, giving results if the issue of such unsecured notes had been permitted to the extent of90, 80, 70, 50, and 23 per cent, of the capital 110

Percentage of circulation unredeemed of banks that went into voluntary liquidation from Jan-uary 1, 1879, to January 1, 1881, on November 1, 1882, an average of three years from date ofliquidation 114

Percentage of circulation unredeemed of banks that went into voluntary liquidation from Jan-nary 1, l)-79, to January 1, 1881, on November 1, 1885, an average of six years from date ofliquidation 115

Principal liabilities and resources on October 1, 1885, of the national banks, by States and re-serve cities, arranged in eight principal divisions 116

Number of banks with capital of $150,000 and under, and with $150,000 and over, in each State,Territory, and reserve cit57, with amount of bonds deposited to secure circulation on October1, 1885 120

Number of banks in each State, Territory, and reserve city, with capital, minimum of bondsrequired, bonds actually held, and circulation outstanding October 1, 1885, and increase ofcirculation if authorized to par value of bonds 122

Monthly increase and decrease of national-bank circulation from November 1, 1881, to October31, 1885, to which is added the preceding yearly increase and decrease since January 14,1875.. 124

Average prices (flat and net) of and rates of interest realized to investors in the United Statesfour per cents and four and one-half per cent, bonds from October 1, 1884, to September 30,1885, inclusive; annual profit on national-bank circulation- 125

Amount, by States, of national-bank circulation issued, of lawful money deposited in the UnitedStates Treasury to retire such circulation, from June 20, 1874, to November 1, 1885, and theamount remaining on deposit at the latter date 126

National banks that have gone into voluntary liquidation under sections 5220 and 5221, RevisedStatutes of the United States, with the dates of liquidation, amount of capital, circulationissued and retired, and circulation outstanding November 1, 1883 127

National banks that have gone into voluntary liquidation under sections 5220 and 5221, RevisedSt-'tutes of the United States, for the purpose of organizing new associations, with date of liq-uidation, capital, circulation issued, retired, and outstanding November 1, 1885 135

Names of banks in liquidation under section 7, act July 12, 1882, with date of expiration of char-ter, circulation issued, retired, and outstanding November I, 1885 137

Names of banks in liquidation under section 7, act of July 12, 1882, with date of expiration ofcharter, circulation issued, retired, and outstanding, succeeded by associations with the sameor different title, November 1, 1885 138

Similar exhibit, with lawful money deposited, &c, in regard to national banks in the hands ofreceivers 139

Insolvent national banks, with date of appointment of receivers, capital stock, claims proved,and rate of dividends paid 141

Classification of the loans and discounts of the national banks in New York City, in Boston,Philadelphia, and Baltimore, in the other reserve cities, and in the States and Territories onOctober 1, 1885 144

Liabilities of the national banks, and the reserve required and held at three dates in each yearfrom 1882 to 1885 145

Dividends and earnings of the national banks, arranged by geographical divisions for semi annualperiods from September 1, 1876, to September 1, 1885 146

Abstract of reports of dividends and earnings of national banks in the United States from Sep-tember 1, 1884, to March 1, 1885 148

Similar exhibit from March 1, 1885, to September 1, 1885 150


254 INDEX.

Fag©;Ratios to capital and to capital and surplus of the dividends and earnings of national banks, from

March 1, 1881, to September 1, 1885, shown by States and reserve cities 152Clearings and balances of the banks of New York City for the weeks ending at the dates given. 154Average weekly deposits, circulation, and reserve of the national banks of New York City, as

reported to the New iTork Clearing-house, for the months of September and October in eachyear from 1878 to 1885 155-

State of the lawful money reserve of the national banks, as shown by their reports, from Octo-ber 2,1879, to October 1,1885 15$

Lawful money reserve of the national banks, as shown by the reports of their condition at theclose of business on October 1,1885 158:

Number of State banks and trust companies, private bankers, and savings banks, with the aver-age amount of their capital, deposits, and investments in United States bonds for the sixmonths ending May 31,1880 160

Similar exhibit for the six months ending May 31,1881 162Similar exhibit for the six months ending May 31,1882 164Similar exhibit for the six months ending November 30,1882 166Number of State banks, savings banks, trust companies, and private bankers, with their aver-

age capital and deposits, and the tax thereon, for the six months ending November 30, 1882.. 168-Number and average capital and deposits, by geographical divisions, of State banks, private

bankers, and trnnt and loan companies, and of savings banks with and without capital, for thesix months ending November 30, 1875 169

Similar exhibit for the six months ending May 31, 1876 16£Similar exhibit for the six months ending November 30,1876 169Similar exhibit for the six months ending May 31, 1877 .169-Similar exhibit for the six months ending May 31, 1878 169>Similar exhibit for the six months ending May 31, 1878, combining State banks, savings banks,

private bankers, and trust, companies, and showing, in addition, the number, capital, and de-posits of national banks on June 29, 1878 — 170

Number and average capital and deposits, by geographical divisions, of State banks and trustcompanies, private bankers, and savings banks with and without capital, for six months end-ing May 31, 1879, the private bankers being given separately 170'

Similar exhibit, in which the State banks, savings banks, private bankers, &c, are combined,showing, in addition, the number, capital, and deposits of national banks on June 14, 1879. 171

Similar exhibit for six months ending May 31, 1880, showing the State banks and trust com-panies combined, and private bankers, savings banks with capital and without capital, sep-arately 171

Similar exhibit showing the State banks, savings banks, private bankers, &c , combined, forsix months ending May 31, 1880, and the national banks separately on June 11,1880 171

Similar exhibit for six months ending May 31, 1881, the private bankers being given separately.. 172Similar exhibit for six months ending May 31, 1881, the national banks for June 30,1881. 172Similar exhibit for six months ending May 31, 1882, the private bankers being given separately.. 172Similar exhibit for six months ending May 31, 1882, the national banks for July 1,1882 173Similar exhibit for six months ending November 30, 1882, the private bankers being given sepa-

rately - 173Similar exhibit for the six months ending November 30, 1882, the national banks for December

30, 1882 173Resources and liabilities of State banks at various dates 17 4-Aggregate resources and liabilities of State banks from 1881 to 1885 176Resources and liabilities of trust and loan companies at various dates 177Aggregate resources and liabilities of trust and loan companies from 1881 to 1885 177Resources and liabilities, by geographical divisions, of State banks and trust companies, 1884

and 1885 178Resources and liabilities of savings banks organized under State laws at various dates 178Aggregate resources and liabilities of savings banks from 1881 to 1885 180Aggregate deposits of savings banks, by States, with the number of their depositors and the

average amount due to each in 1884 and 1885 180,Amount of national bank and legal-tender notes outstanding on June 20, 1874, January 14, 1875,

May 31, 1878, and November 1, 1885, and the increase or decrease in each . 181Aggregate resources and liabilities of the national banks from October, 1883, to October, 1885 . . . 182Abstract of reports ot the condition of national banks on December 20, 1884, March 10, May 6,

July 1, and October 1, 1885 201.

c


Documents

Annual Report of the Comptroller of the Currency 1885ANNUAL REPORT OF THE COMPTROLLER OF THE CURRENCY TO THE FIRST SESSION OF THE FORTY-NINTH CONGRESS OP. THE U NITED S TATES. DECEMBER