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Annual Report of the Comptroller of the Currency 1910

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Text of Annual Report of the Comptroller of the Currency 1910

Annual Report of the Comptroller of the Currency 1910ANNUAL REPORT OF THE
Comptroller of the Currency
TO THE THIRD SESSION OF THE SIXTY-FIRST CONGRESS OF THE UNITED STATES
1910
WASHINGTON
TREASURY DEPARTMENT,
CONTENTS.
Page. Condition of National Banks 1 United States and Other Bonds owned by National Banks 4 Liabilities of National Banks 6 Reserve and Deposits 8 Violations of the provisions of the National Bank Act 10 Authorized and paid in Capital, and Classification of National Banks by Capital 11 National Bank Notes in Circulation 12 National Bank Circulation Issued, Redeemed, and Outstanding 13 Redemption of circulation 14 Profit on National Bank Circulation 15 United States Bonds 15 Earnings and Dividends of National Banks 17 Expenses of National Banks 17 Organization of National Banks 18 Extension of Charters 22 Changes in Titles of National Banks . 23 Voluntary Liquidations 24 Rates for Money 27 Clearing House Transactions 28 United States Postal Savings Law 29 National Currency Associations 30 Banks and Banking in the United States 37 State, Savings, Private Banks, and Loan and Trust Companies 39 State Banks 43 Savings Banks of the United States 43 Mutual Savings Banks 43 Stock Savings Banks 44 All Savings Banks 45 Private Banks 49 Loan and Trust Companies 49 Banks and Banking in the District of Columbia 50 State and Private Bank Failures 50 Individual Deposits in all Banks 52 Classification of Individual Deposits 54 Classification of Loans and Discounts 54 Investments in Bonds, Securities, etc 55 Interest Rates 57 Money in Banks 57 Growth of Banking in the United States. 58 Banking Power of the United States 63 Banks and Banking in the Island Possessions 63 Philippines 63 Hawaii 64 Porto Rico 64 Building and Loan Associations 65 Building and Loan Associations of the District of Columbia 66 School Savings Banks 66 Foreign Banks of Issue 67 Savings Banks in Foreign Countries 67 Postal Savings Banks 69 Insolvent National Banks 72
III
IV CONTENTS.
CONTENTS OF APPENDIX. Page.
No. 1. Comptrollers and deputy comptrollers of the currency 79 No. 2. Names and compensation of officers and clerks in the office of the Comptroller of the Currency,
October 31,1910 79 No. 3. Expenses of the office of the Comptroller of the Currency for the year ended June 30,1910 81 No. 4. National banks organized, number now in operation, and the number passed out of the sys-
tem since February 25,1863 81 No. 5. Authorized capital of national banks organized and number and capital of banks closed in
each year ended October 31 since the establishment of the national banking system, with the yearly increase or decrease 82
No. 6. National banks organized, in liquidation, and in operation, with their capital, bonds on de- posit, and circulation issued, redeemed, and outstanding on October 31,1910 83
No. 7. National banks organized, in voluntary liquidation, insolvent, and number and capital of associations in active operation on January 1 of each year from 1864 to 1910 84
No. 8. National banks chartered during the year 84 No. 9. Number of State banks converted into national banking associations, by States 93 No. 10. Number of national banks in each State extended under the act of July 12,1882 93 No. 11. Number of national banks reextended under the act of April 12,1902 94 No. 12. National banks the corporate existence of which will expire for the first time during the year
ending October 31,1911, with the date of expiration 94 No. 13. National banks the corporate existence of which will expire for the second time during the
year ending October 31,1911 96 No. 14. Authorized capital stock of national banks on the first day of each month from January 1,
1878, to November 1,1910, bonds on deposit to secure circulation, circulation secured by bonds, lawful money on deposit to redeem circulation, and national-bank notes outstand- ing, including notes of national gold banks 97
No. 15. National-bank notes outstanding secured by United States bonds, lawful money on deposit, together with the kinds and amount of bonds on deposit to secure national-bank notes and public deposits on October 31,1910. 103
No. 16. Yearly increase or decrease in national-bank circulation from January 14, 1875, to October 31,1910 104
No. 17. National-bank notes issued, redeemed, and outstanding, by denominations and amounts, on October 31,1864 to 1910, inclusive 105
No. 18. National gold bank notes issued, redeemed, and outstanding October 31,1910 108 No. 19. National-bank notes of each denomination outstanding March 13,1900, and October 31,1901
to 1910 108 No. 20. National-bank notes outstanding and the amount and per cent of notes of $5 on March 14,
1900, and October 31,1900 to 1910 109 No. 21. Number and denominations of national-bank notes issued and redeemed since the organiza-
tion of the system, arid the number outstanding October 31,1910 109 No. 22. Vault account of currency received and issued by this bureau during the year 109 No. 23. National banks which had no circulation October 31,1910 109 No. 24. National-bank notes received monthly for redemption during the year by the Comptroller
and the redemption agency of the Treasury, together with the total amount received since June 20,1874 110
No. 25. National-bank notes received at this bureau and destroyed yearly since the establishment of the system..- 110
No. 26. National-bank circulation issued; the amount and per cent redeemed and destroyed on account of active, liquidating, and Insolvent national banks, annually, to October 31, 1910 I l l
No. 27. Vault account of currency received and destroyed during the year I l l No. 28. Taxes assessed on circulation, deposits, and capital of national banks from 1864 to 1882 112 No. 29. Taxes assessed on capital and deposits of national banks from 1864 to 1883, on circulation
1864 to 1910, and on capital and surplus 1898 to 1902 112 No. 30. Taxes assessed on national-bank circulation, 1864 to 1910, cost of redemption, 1874 to 1910,
cost of plates, and examiners' fees, 1883 to 1910 113 No. 31. Taxes collected on national-bank capital to June 1, 1883, and from 1898 to 1902, on deposits
to June 1,1883, and on circulation, 1864 to 1910 113 No. 32. Taxes collected on circulation, deposits, and capital of banks other than national, 1864 to
1883, and on capital, 1898 to 1902 113 No. 33. Average amount of national-bank notes in circulation and duty paid thereon, year ended
June 30,1910 114 No. 34. Specie and bank-note circulation of the United States from 1800 to 1859 115 No. 35. Coin and paper circulation of the United States, 1860 to 1910 116 No. 36. State-bank notes outstanding and percentage of, to total money in the country, 1800 to
1863 117
CONTENTS OF APPENDIX. V
Page. No. 37. National-bank notes outstanding and percentage of, to total money in the country, 1864
to 1910 : 117 No. 38. United States bonds on deposit to secure circulating notes of national banks on October 31,
1882 to 1910 118 No. 39. Profit on national-bank circulation based on deposit of $100,000 consols of 1930, etc 119 No. 40. National banks in voluntary liquidation under the provisions of sections 5220 and 5221,
United States Revised Statutes 121 No. 41. National banks in voluntary liquidation under section 7, act July 12, 1882, succeeded by
associations with the same or different titles 147 No. 42. National banks in voluntary liquidation under the provisions of sections 5220 and 5221,
United States Revised Statutes, for the purpose of organizing new associations under the same or different titles 149
Nov. 43. National banks in voluntary liquidation under section 7, act July 12, 1882, etc 153 No. 44. Insolvent national banks in charge of receivers, dates of organization and failure, cause of
failure, dividends paid while solvent, circulation issued, redeemed, and outstanding, 1865 to 1910, inclusive 156
No. 45. Insolvent national banks, dates of failure and final liquidation, assets, collections, dividends paid, etc., 1865 to 1910 176
No. 46. Insolvent national banks, assets, collections, and disposition of collections by States from 1865 to 1910 212
No. 47. Insolvent national banks, assets, collections, and disposition of assets of all associations closed annually from 1865 to October31,1910 234
No. 48. Liabilities of liquidated insolvent banks, amount realized from assets and assessment upon shareholders, cost of administration, etc., from 1865 to 1910 238
No. 49. Insolvent national banks the affairs of which were closed during the current year 240 No. 50. Insolvent national banks, dividends paid to creditors of, during past year 241 No. 51. National banks restored to solvency after having been placed in the charge of receivers 241 No. 52. Dates of reports of condition of national banks, 1863 to 1910 242 No. 53. Capital, circulation, aggregate assets of national banks, October, 1869, to September 1, 1910,
money in the country, etc 243 No. 54. National banks classified by capital, September 1,1910 248 No. 55. Abstract of the resources and liabilities of national banks on September 1, 1910, in New York
City, all central reserve cities, other reserve cities, and elsewhere, and the aggregate in the United States 250
No. 56. Highest and lowest points reached in the principal items of resources and liabilities of national banks during the existence of the system 251
No. 57. Percentages of loans, United States bonds, and lawful money to the aggregate resources of national banks, 1866, 1890 to 1910 251
No. 58. Classification of loans made by national banks in reserve cities, etc., in the fall of 1906 to 1910.. 252 No. 59. Classification of loans and discounts by the national banks in reserve cities, etc., Septem-
ber 1,1910 253 No. 60. Amount and character of State bonds, etc., owned by national banks September 1, 1910... 255 No. 61. Classification of individual deposits from March 29 to September 1, 1910 258 No. 62. Number of national banks, number of savings depositors and amount of savings deposits
in national banks at date of each report during the year 266 No. 63. Specie and circulation of national banks at date of each report in the year ended September
1, 1910 268 No. 64. Gold, silver, coin certificates, legal tenders, and currency certificates held by national banks
at date of each report since March 15,1878 288 No. 65. Specie held by national banks in New York City at date of each report since February 13,
1900 294 No. 66. Deposits and reserve of national banks on or about October 2,1883, to 1910 296 No. 67. Lawful money reserve of national banks in the year ended September 1,1910 300 No. 68. Lawful money reserve of national banks at date of each report since September 6,1904 320 No. 69. Abstract of reports of earnings and dividends of national banks from July 1, 1909, to July 1,
1910 322 No. 70. Ratios to capital and to capital and surplus of the earnings and dividends of national banks
in each State, etc., from March 1,1906, to July 1,1910 330 No. 71. Capital, surplus, dividends, net earnings, etc., of national banks, 1870 to 1910 334 No. 72. Aggregate resources and liabilities of national banks from 1863 to 1910 335 No. 73. Summary of principal items of resources and liabilities of the national banks, by States,
from 1863 to 1910 369 No. 74. Summary of the state and condition of national banks from November 16,1909, to Septem-
ber 1, 1910 403 No. 75. Condensed reports of the resources and liabilities of national banks on September 1,1910.. 473 No. 76. Abstract of reports from loan and trust companies in the District of Columbia for year ended
September 1,1910 709
VI CONTENTS OF APPENDIX.
Page. No. 77. Abstract of reports of savings and state banks in the District of Columbia for year ended
September 1,1910 710 No. 78. Principal items of resources and liabilities of savings banks in the District of Columbia on
September 1,1910 711 No. 79. Principal items of resources and liabilities of loan and trust companies in the District of
Columbia on September 1,1910 712 No. 80. Summary of the condition of building and loan associations in the District of Columbia,
on December 31, 1909, and June 30, 1910 715 No. 81. Abstract of reports of the state banks of the United States on June 30,1910, by States 733 No. 82. Abstract of the reports of the mutual savings banks of the United States on June 30, 1910,
by States 738 No. 83. Abstract of the reports of the stock savings banks of the United States on June 30,1910, by
States 740 No. 84. Abstract of reports of the private banks of the United States on June 30,1910, by States 744 No. 85. Abstract of reports of the loan and trust companies of the United States on June 30, 1910,
by States 746 No. 86. Classification of loans and discounts of State, savings, private banks, and loan and trust
companies on June 30,1910, by States. 750 No. 87. Classification of loans and discounts of national banks on June 30,1910, by States 752 No. 88. Classification of bonds, stocks, etc., held by state, savings, private banks, and loan and
trust companies on June 30, 1910, by States 754 No. 89. Classification of bonds, etc., owned by national banks June 30, 1910 756 No. 90. Classification of cash on hand in state, savings, private banks, and loan and trust companies
on June 30, 1910, by States 759 No. 91. Classification of cash (including money not available for reserve) in national banks June 30,
1910 761 No. 92. Classification of individual deposits in state banks, savings banks, private banks, and loan
and trust companies on June 30, 1910, by States 763 No. 93. Comparative statement of number of banks, loans and discounts, cash, and deposits of all
reporting banks, by States, April 28,1909, and June 30, 1910 765 No. 94. Average rate of interest charged on loans and average rate paid to depositors by reporting
state banks June 30,1910, by States 767 No. 95. Average rate of interest charged on loans and average rate paid to depositors by mutual
savings banks June 30, 1910, by States 769 No. 96. Average rate of interest charged on loans and average rate paid to depositors by stock sav-
ings banks June 30, 1910, by States 770 No. 97. Average rate of interest charged on loans and average rate paid to depositors by private
banks June 30,1910, by States 772 No. 98. Average rate of interest charged on loans and average rate paid to depositors by loan and
trust companies June 30, 1910, by States 774 No. 99. Average rate of interest charged on loans and average rate paid to depositors by national
banks June 30, 1910, by States 776 No. 100. Number of savings depositors and number of other individual depositors in state banks,
savings banks, private banks, loan and trust companies, and national banks June 30, 1910, by States 778
No. 101. Amount of interest paid on deposits by each class of banks year ended June 30,1910, by States 782
No. 102. Amount of dividends paid by each class of banks year ended June 30,1910, by States 786 No. 103. Consolidated statement of loans and discounts by classes of banks June 30,1910 790 No. 104. Consolidated statement of bonds, etc., held by each class of banks June 30,1910 790 No. 105. Consolidated statement of cash held by each class of banks June 30,1910 791 No. 106. Consolidated statement of deposits in each class of banks June 30,1910 792 No. 107. Aggregate resources and liabilities of state banks from 1906 to 1910 792 No. 108. Aggregate resources and liabilities of savings banks from 1905-6 to 1910 793 No. 109. Aggregate resources and liabilities of private banks from 1906 to 1910 793 No. 110. Aggregate resources and liabilities of loan and trust companies from 1906 to 1910 794 No. 111. Gold, silver, etc., held by the state banks from 1873 to 1910, inclusive 794 No. 112. Comparative statement of the resources and liabilities of state banks from 1873 to 1910, in-
clusive "1 795 No. 113. Resources and liabilities of the First Bank of the United States 797 No. 114. Resources and liabilities of the Second Bank of the United States 798 No. 115. Number of colonial and state banks, their capital, circulation, deposits, specie, and loans in
the years mentioned from 1774 to 1833 799 No. 116. Number of state banks in the United States, with their principal resources and liabilities
from the years 1834 to 1872 800 No. 117. Number, assets, and liabilities of state banks, savings banks, loan and trust companies, and
private banks which failed during the year ended June 30,1910 802
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CONTENTS OF APPENDIX. VII
Pagre. No. 118. Comparative statement of the transactions of the New York Clearing House for fifty-seven
years and for each year, number of banks, aggregate capital, clearings, balances, average of daily clearings, and balances, and percentage of balances to clearings 803
No. 119. Comparative statement for two years of the transactions of the New York Clearing House, showing aggregate amount of clearings, balances, and the kinds and amounts of money passing in settlement of these balances 804
No. 120. Exchanges, balances, percentages of balances to exchanges, and percentage of funds used in settlement of balances by the New York Clearing House in each year from 1893 to 1910.. 804
No. 121. Clearing House transactions of the assistant treasurer at New York for the year ended Sep- tember 30,1910 805
No. 122. Comparative statement of the exchanges of the clearing houses of the United States for the year ended September 30,1910, and the year ended September 30,1909 805
No. 123. Investment value of United States 5's of 1904, 4;s of 1907, 4's of 1925, 3's of 1908-1918, 2's of 1930, and Panama Canal bonds 808
No. 124. United States bonds—monthly range of prices in New York from January, 1900, to October 31,1910 810
No. 125. Value in currency of $100 in gold in the New York market from January 1,1862, to Decem- ber 31,1878 826
No. 126. Value in gold of $100 in currency in the New York market from January 1,1862, to Decem- ber 31,1878 827
No. 127. Statement from Annual Report of the Commissioner of the Freedman's Savings and Trust Company, December 1,1909 828
No. 128. Statement showing condition of the 33 chartered banks of Canada, September 30,1910 828 No. 129. Comparative statement relative to capital, etc., of chartered banks of Canada 829 No. 130. Resources and liabilities on June 30,1910, of the banks of the United Kingdom, colonial, and
foreign banks with London offices 829 No. 131. Statement showing condition of the Bank of France and its branches on October 27,1910 831 No. 132. Amount of interest paid on deposits by each class of banks year ended June 30,1910 831 No. 133. Amount and per cent of dividends paid on capital stock by each class of banks year
ended June 30,1910 831
REPORT
TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington, December 5, 1910. SIR: In compliance with the requirements of section 333 of the
Revised Statutes of the United States, the forty-eighth annual report of the operations of the Currency Bureau for the year ended October 31, 1910, is herewith submitted.
CONDITION OF NATIONAL BANKS.
The resources and liabilities of national banks in active operation at date of the periodical reports made to the Comptroller during the past year are shown in detail in the following table:
ABSTRACT OF REPORTS OF CONDITION OF NATIONAL BANKS IN THE UNITED STATES FROM NOVEMBER 16, 1909, TO SEPTEMBER 1, 1910.
Nov. 16, 1909— 7,006 banks.
Jan. 31,1910— 7,045 banks.
June 30,1910— 7,145 banks.
Sept. 1,1910- 7,173 banks.
circulation U. S.…