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ANNUAL REPORT
OF THE
COMPTROLLER OF THE CURRENCY
TO THE
FIRST SESSION OF THE FIFTY-SECOND CONGRESS
THE UNITED STATES.
DECEMBER 7, 1891,
TWO VOLUMES.
VOLUME I.
WASHINGTON":
GOVERNMENT PIUNTING OFFICE,
1891.
TREASURY DEPAKTMKNT.
Documeut No. 1481, 3d ed.
Comptroller of the Currency,
TABLE OF CONTENTS.
Report submitted to Congress
Operations under the national banking system during the past year
Statements of national banks organized during the year
States leading in numerical accessions
Number and capital of banks organized and closed since establishment of the system
Failure of banks and bankers other than national
Losses to creditors of national banks, and cost of liquidation
Amendments to present law
Monetary stringency during past year
Clearing-house loan certificates
Domestic exchanges
^
Amount of drafts drawn by national banks
Domestic exchanges drawn by banks other than national
Examinations
Certificates of stock
Ofiicers and directors as borrowers
Bonds of bank officers
Closed national banks
Resumption of business by closed national banks
Comparative statements of the national banks
.,
Extension of the corporate existence of national banks
Circulating notes
Decrease of circulation
Banks without circulation
Security for circulating notes
Interest-bearing funded debt of the United States, and amount held by national banks
Bonded debt at dates named
Market prices of United States bonds
Investment value for seven years
Bond purchases and redemptions by the Treasury
Bond withdrawals by national banks
Issue and redemption of circulating notes
Additional circulation issued and retired during the year
National-bank notes received and destroyed yearly since the establishment of the system
Redemption of notes of banks reducing circulation, and of failed and liquidating banks
Tax upon circulation, redemption charges, and assessments
Amounts collected during the past year
Loans in central reserve cities, other reserve cities, and country
Failed banks
Causes of failure
Dividends paid to creditors of failed banks
Inactive receiverships
Banks in voluntary liquidation
Directors
«
Legal decisions
Transactions of the clearing-house associations
State, savings, private banks, loan and trust companies
Loan and trust companies of the District of Columbia
Conclusion
I
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61
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70
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74
79
83
88
II
TABLE OF CONTEXTS.
APPENDIX.
Names and compensation of officers and clerks
Expenses of the office for the fiscal year
Index to digest of decisions of the courts in cases affecting national banks
Digest
National banks organized, in liquidation, and in operation, with capital, bonds, and circulation October 31,1891
Summary of the state and condition of national banks reporting during the year ended October
2,1891
Comparative statements of the national banks for fourteen years from 1864
Authorized capital stock each month from January 1, 1870, to November 1, 1891, with amount
of bonds, circulation, and lawful money deposited for redemption
Changes in capital, bonds, and circulation by geographical divisions
Additional circulation issued and lawful money deposited to October 31, 1891
National-bank notes outstanding and the amount and kind of United States bonds on deposit..
Increase or decrease of circulation quarterly and for the year ended October 31, 1891
National-bank notes issued, redeemed, and outstanding, by denominations, since the establishment of the system
National gold bank notes issued, redeemed, and outstanding
National-bank notes issued during the year
Minimum amount of bonds required and the amount actually held September 25,1891
National banks with capital of $150,000, under and over, and the increase or decrease of capital
during the year
Classification of loans and discounts
Amounts of coin and coin certificates held in 1888,1889,1890, and 1891
Lawful money reserve
Liabilities and required reserve
State of the lawful money reserve from 1885
Reserve held and classification by geographical divisions
Deposits, circulation, and reserve of national banks in New York City by months
Movement of reserve of national banks in New York City for fifteen years
Abstract of earnings and dividends, September 1, 1890, to September 1, 1891
Ratios of capital and surplus to earnings and dividends
Earnings and dividends for semiannual periods
Clearings and balances of banks in New York City
National banks in voluntary liquidation under sections 5220 and 5221, Revised Statutes
National banks in liquidation succeeded by associations with same or different titles
National banks in liquidation for the purpose of reorganization
National banks in liquidation under section 7 of the act of July 12,1882
National banks in the hands of receivers
Insolvent national banks, assets, collections, disbursements, expenses of receiverships, dividends paid
Drafts drawn by national banks in the several reserve cities, year ended June 30,1891
Drafts drawn by national banks outside of reserve cities
Drafts drawn by banks in geographical divisions upon reserve cities, etc
Population of each State and Territory, with capital, surplus, deposits, etc., of all banks
Abstract of reports of condition of State banks, loan and trust companies, savings and private
banks
Reports of condition of the National Savings Bank, The National Safe Deposit Company, The
Washington Loan and Trust Company, and The American Security and Trust Company of
the District of Columbia
Condition of the Canadian banks
Aggregate resources and liabilities of national banks from 1863 to 1891
Summary of the state and condition of national banks on dates of report during past year
Gen er al in dex
Condition of each national bank at close of business September 25,1891
Page.
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93
122
123
124
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129
134
135
136
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140
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143-146
147
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160
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250-253
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329
Vol. I I
REPORT
THE COMPTROLLER OF THE CURRENCY.
DEPARTMENT OF THE TREASURY,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington, D. C, December 7,1891.
SIR : I have the honor to submit for the consideration of Congress?
in compliance with the provisions of section 333 of the Eevised Statutes
of the United States, the twenty-ninth annual report of the Comptroller
of the Currency.
The year covered by this report ended October 31, 1891. During
the larger part of this period severe depression was experienced in all
sections of the country, and business in its various forms was contracted in volume and unsatisfactory in results.
At the opening of the report year the stringency which characterized
the money market during the autumn of 1890 was at its height, its
most disastrous effects having been felt during the month of November.
A period of liquidation then set in which had hardly spent its force
when the bountiful harvest of 1891 brought much needed relief.
Notwithstanding the unfavorable conditions indicated, 193 new banks
were organized during the year, located in 41 States and Territories, and
possessing an aggregate capital of $20,700,000. The accessions are
numerically in excess of the average and have been exceeded in only
seven out of the twenty-nine years during which the system has been in
operation. During this twelvemonth 41 banks went into voluntary
liquidation and 25 became insolvent, leaving as a net gain for the report
year 127 associations, with a capital of $12,553,000, which is, as to number of banks, precisely the net average yearly increase during the life
of the system.
The number of banks now in operation is greater than at any former
period. There has been a satisfactory increase in the totals of capital
stock, surplus fund, and undivided profits, and this is also true of deposits, loans and discounts.
The number of banks in existence October 31, 1891, was 3,694, having in capital stock $684,755,865; bonds deposited to secure circulation,
$152,113,850; banknotes outstanding, $171,368,048, including $35,430,721 representing lawful money deposited to redeem circulation still
outstanding. The amount of circulation secured by the pledge of
United Stated boads has increased during the year $11,795,101.
4
REPORT OF THE COMPTROLLER OF THE CURRENCY.
The following table gives the number of banks organized during the
year ended October 31, 1891, in each State and Territory, with their
aggregate capital:
States and Territories.
Texas
Pennsylvania ..
Washington . . .
Illinois
Iowa
Nebraska
New York
Kansas
Kentucky
Maryland
Minnesota
Montana
Wisconsin
Missouri
Ohio
South Dakota .
Virginia
Florida
North Dakota.
Massachusetts
North Carolina
Oregon.
No. of
banks. Capital.
17
17
11
11
11
10
10
9
G
6
6
6
6
5
5
5
5
4
4
3
3
3
$1,510,000
1, 050, 000
700,000
2, 830, 000
775, 000
910, 000
2,200, 000
760,000
415, 000
1,150,000
300,000
515,000
450,000
1,850,000
650,000
300,000
400, 000
200,000
250,000
350, 000
150,000
350, 000
States and Territories.
Tennessee
West Virginia
Georgia
Colorado
Louisiana
Maine
Michigan
New Mexico
Utah
District of Columbia
Alabama
Arkansas
...
Idaho
Indiana
Indian Territory
Mississippi
New Hampshire
New Jersey
Wyoming
Total
o. of
banks. Capital.
$450,000
285,000
300, 000
300, 000
100, 000
125,000
150,000
100,000
100, 000
200,000
50,000
50,000
75,000
100,000
50, 000
50,000
50, 000
50, 000
50,000
193 20,700,000
It will be observed that Texas and Pennsylvania still stand at the
head of the list, as they have during the past two years, with 17 new
associations in each, Texas, however, having the larger capital. Following these come the States of Washington, Illinois, and Iowa with
11 banks each, and Nebraska and New York with 10 each. Kansas
jshows 9 new associations and ranks next to N£w York. It will be observed that notwithstanding the fatality attending banking operations
in Kansas and Nebraska these States take prominent places in point of
new organizations.
Of the associations entering the system during the year, 99, or slightly
more than one-half in number, are located west of the Mississippi River
and 59 in the Southern States.
Of the total number of banks in operation Pennsylvania has the greatest number of associations, Massachusetts the greatest aggregate capital,
and NewYork leads in amount of deposits.
The accessions to the system are widely distributed, both old and
new States being prominent in the list. It will be noticed, however,
that in proportion to population the increase is greater in the newer
States west of the Mississippi Eiver.
The following table exhibits the number of banks organized, failed,
and in voluntary liquidation, and the net increase numerically each year
since 1863:
REPORT OF THE COMPTROLLER OF THE CURRENCY.
5
NUMBER AND AUTHORIZED CAPITAL OF BAXKS ORGANIZED AND THE 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.
Closed.
Organized.
I n voluntary
liquidation.
Tear.
No.
1863
1864
1865
1866 .
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876.
1877
1878
1879
1880 .
1881
1882
1883.
1884.
1885
1886
1887.
1888
1889
1890.
1891
.
.
Capital.
No.
134 $16,378,700
453 79, 366,950
1,014 242, 542.982
62
8, 515,150
10
4, 260, 300
12
1, 210, 000
9
1,500, 000
22
2,736,000
170 19,519, 000
175 18,988,000
68
7,602,700
71
6, 745, 500
107 12,104, 000
36
3,189, 800
29
2,589,000
28
2,775, 000
38
3, 595,000
57
6,374,170
86
9, 651, 050
227 30,038,300
262 28,654,350
191 16,042, 230
145 16,938,000
174 21, 358,000
225 30, 546, 000
132 12,053,000
211 21,240, 000
307 36,250,000
193 20, 700,000
Total
4,648 683,463,182
D e d u c t decrease.
Total net increase
3
6
4
12
18
17
14
11
11
21
20
38
32
26
41
33
9
26
78
40
30
85
25
25
34
41
50
41
791
Capital.
Insolvent.
No.
$330,000
650, 000
2,160. 000
2, 445, 500
3, 372, 710
2,550, 000
1,450, 000
2,180, 500
3,524, 700
2,795,000
3. 820,200
2, 565,000
2,539, 500
4,237, 500
3,750, 000
570, 000
1, 920, 000
16,120, 000
7,736,000
3,647,250
17, 856, 590
1,651,100
2, 537,450
4,171,000
4, 316, 000
5, 050,000
4,485,000
108,431,000
i
2
6
4
1
1
Capital.
$50,000
500, 000
1,170, 000
410,000
50,000
250, 000
6 1 806 100
111 3 8 M 000
9
10
14
8
3
3
2
11
4
8
8
8
2
9
25
164
250, 000
1, 000, 000
965, 000
3, 344,000
2, 612, 500
1,230,000
700,000
N e t yearly
decrease.
N e t yearly increase.
No.
134
450
1,007
56
7
159
158
36
48
64)
Capital.
No.
$16,378, 700
79, 3^6, 950
242 162 982
7,365,150
930,300
5
340, 200
7 3,294,500
27 4,075,000
3 1, 385,000
5,104,170
7, 731, 050
12, 357, 000
20, 668, 350
11,109,980
30, 620,900 3,762
558,656, 782
14, 245, 500
650,000
1, 550, 000
1,900, 000
250, 000
750,000
3, 662,000
$1, 645, 500
1, 922,710
64,000
18,069,000
15, 001,400
253, 000
R 7on Finn
7. 283. 800
45
60
146
220
150
56
141
192
90
168
248
127
1,561,300
250, 000
1,285, 000
600,000
8
10
9
Capital.
69
*3,693
1,518, 590
19,056, 900
26,458, 550
5, 982,000
16, 674, 000
30,450, 000
12,553, 000
69 14,245, 500
t544,411,282
*One bank restored to solvency, making 3,694 going banks.
t The total authorized capital stock on October 31 was $684,755,865; the paid-in capital,$683,248,175,
including the capital stock of liquidating and insolvent banks which have not deposited lawful money
for the retirement of their circulating notes.
The most notable feature of the foregoing table is the large number
of associations which have become insolvent during the year. They
aggregate 25 banks, with a capital of $3,662,000. The year 1873, however, appears to have been the most disastrous in point of capital, as
during that period the failure of 11 banks, with a capital of $3,825,000,
is recorded. The next in point of importance was 1877, when ten failures occurred, representing a capital of $3,344,000.
If we consider the relative proportions existing between the liabilities
of failed and active banks during various periods, it will be found that
seven years have been more disastrous than the one just closed, to wit:
1867,1872, 1873. 1877, 1878, 1882, and 1884. The liabilities of banks
closed on account of insolvency in each of these seven years constitutes
a larger percentage of the total liabilities of all existing banks than
is shown by the record of the year covered by this report.
Of the 25 failed banks, having an aggregate capital of $3,662,000,
13, representing $1,137,000 of capital, were located in Kansas and Nebraska.
The larger part of the failures in these two States were attributable
to four successive crop failures, and seem to be the result of unavoidable misfortunes rather than the lack of honest and efficient manage
6
REPORT OF THE COMPTROLLER OF THE CURRENCY.
merit. In many cases, however, the unfavorable conditions were greatly
aggravated by the collapse of unwise speculation in real estate, more
especially in city and suburban property.
The Comptroller endeavored by correspondence with various State
officers, receivers, and assignees to ascertain the number of failures of
banks and bankers other than national during the past twelve months,
but was unable to thus secure data upon which reliance could be
placed. He has been supplied, however, through the courtesy of a commercial agency,* with a list of failures in the United States of bankers,
brokers, trust companies, and savings banks for tha year ended June
30, 1891. These number in all 117 institutions, having liabilities estimated at $38,271,511, and assets valued at $20,794,092.
No reliable data in relation to the losses to creditors by reason of the
failure of banks other than national for recent years is accessible. In
order that a comparison may be made between the comparative safety
of national and State systems I am led to quote from the report of Hon,
John Jay Knox, then Comptroller of the Currency, for the year 1879,
where the subject is discussed. He says:
There is no means of definitely determining the amount of losses sustained through
the failures of banks operating under systems in vogue during the earlier periods of
the history of this country. The losses under those systems, both to the noteholders,
to whom there can be no loss under the national system, and to their general creditors and shareholders, are known to have been large. The loss to noteholders alone
is estimated to have been 5 per cent annually upon the total amount of circulation
outstanding. In Elliot's Funding System, on page 1176, it is stated that fifty-five
banks with an aggregate capital of $67,036,265 and circulation of $23,577,752, failed in
1841. The total bank capital of that year is stated by the same authority to have
been $317,642,692, and the circulation at $121,665,198; and it is also stated in the same
connection that in nearly every instance the entire capital of the banks which failed
was lost.
Numerous failures of private banking firms have occurred in this country within
the last six years, and the losses consequent upon three or four of them are equal to
the total losses which have occurred under the national system.
For the purpose of comparing the losses to creditors of insolvent national banks
with those sustained by the creditors of insolvent banks other than national, much
pains have been taken by the Comptroller to obtain as reliable and complete statistics as possible relating to the failures of State and savings banks and private bankers in the different States during the three years ending January 1,1879. The results
of his labors in this direction are to be found in the following table:
State and city.
No. of
banks.
Maine
New Hampshire
Massachusetts..
Boston
Rhode Island ...
Connecticut
New York
New York City.
Pennsylvania...
New Orleans
Kentucky
Ohio
Indiana
Illinois
Michigan
Iowa
Minnesota
Missonri
Kansas
Nebraska
Colorado
California
Amount paid
and
to be paid.
$5,127,995
$4,370, 524
4,8G4,216
3,622,804
4,436,457
2, 670,158
5, 551,186
3,989, 799
12,601,826
10,746,554
3,960,821
2,066,805
332,081
1,236,567
22,185, 547
27, 978, 699
1,386,083
819, 000
1,597,393
277, 638
161,690
325, 380
3,054,135
1,138,085
466, 233
281, 778
10, 038, 221
3,915,169
637,407
135,372
730,786
85,266
78,000
45,708
Not given... Not given...
97, 875
337,082
24, 000
110,000
31,500
90,000
1,137,783
3,786,541
18,000
45, 000
Dakota
Total
Claims.
210
* Bradstreets.
88,440,028
58,152,638
Losses.
$757,471
1,241,412
1,766,299
1,561,387
1,855, 270
1, 894, 016
904,486
5, 793,152
567,083
1,319, 755
164,190
1,916,050
184,455
6,123,052
502,035
645, 520
32,292
2,200, 000
271, 207
183, 271
58, 500
2-648,758
27,000
32,616,661
REPORT OF THE COMPTROLLER OF THE CURRENCY.
7
The amount of claims of five banks in Missouri, one in Kansas, and two in Nebraska could not be obtained.
In the foregoing table it lias been found impossible to give the capital, or the exact amount of dividends paid to creditors, the liabilities and the losses only having
been ascertained with any degree of accuracy. The differences between the two
items last named represent the amount which it is assumed will eventually bo paid
to creditors. The average annual loss sustained by creditors during the past sixteen
years by the insolvency of national banks throughout the United States has been
$390,012, and that occasioned by the failures of banks other than national, as shown
by the incomplete data obtained by the Comptroller, has for the last three years been
not less than $10,872,220.
In the States of Ohio and Illinois alone the losses during the last three years,
through the failure of State, savings, and private banks and bankers, aggregated
$8,039,102, of which $1,916,050 were in Ohio, and $6,123,052 in Illinois. The total losa
in these two States is greater by $1,798,913 than the total loss to creditors by all the
national bank failures which have ever occurred.
The failures for the current year have been numerous, many having
been characterized by gross mismanagement and some by criminality
of an aggravated character, yet nothing has been developed which indicates that the confidence in national banks on the part of the general
public, which is the outgrowth of an experience of twenty-nine years,
has been ill founded.
It is idle to suppose that absolute immunity from failure can be secured by the operation of any law which fails to provide for absolute and
complete governmental guaranty. That failures will be far more numerous during some years than others is to be expected. This is true of every
variety of business activity. The banks of the country are mere agencies through which the commercial and business operations of the people are conducted, and of necessity the losses which attend these operations are reflected in the profit and loss accounts of these agencies. The
net earnings of the banks afford a good criterion for judging as to the
measure of success which has attended the business operations of their
customers.
It is a well-known fact that periods of business activity and depression follow each other at reasonably well-defined intervals, and that no
means have been found for preventing the regular recurrence of what
were under other conditions, known as years of panic. There is no
doubt that the introduction of the national banking system and a
well-secured currency of uniform and certain value, has served to greatly
modify the severity of these periodical visitations and convert what
were formerly panics into more or less severe depressions. The latter
condition we have just experienced, and it is not remarkable that during the past twelve months while the country was suffering from a
monetary stringency which has seriously affected the entire commercial
world, we should have witnessed the failure of 25 banks out of a total
of 3,694.
That the law under which these associations operate is absolutely
perfect no one well informed will claim, but that it has afforded greater
security to its depositors and creditors than any other system is indisputable.
Since the foundation of the system 4,648 associations have been organized, of which 164 have become insolvent, equal to about 3 J per cent
for a period of twenty-nine years. Of this number the affairs of 102 have
been finally settled, representing $28,544,992 of proved claims, upon
which the claimants have received on an average 74.17 per cent, constituting a net loss to depositors of $7,372,036. The affairs of 62 banks are
still unsettled, representing claims proved to the amount of $29,247,036,
on which have been paid $17,456,167, leaving assets estimated at
8
KEPOKT OF THE COMPTROLLER OF THE CURRENCY.
$3,702,025 yet to be distributed, which would represent a loss to creditors
of $8,087,944.
It will bo observed that losses to creditors of national banks during
the twenty-nine years of the existence of the system, taking the amounts
ascertained and the amounts estimated, aggregate $15,459,980, or an
average of $533,103 per annum during the life of the system.
The average amount of liabilities of all the banks since 1863 approximates $1,055,434,022, indicating that the annual average loss to the
creditors of national banks for the period of twenty-nine years has been
only one-twentieth of 1 per cent.
In order to illustrate the increasing economy and efficiency which
has characterized the administration of insolvent banks by the Bureau,
the following table has been prepared, which covers all insolvent
associations whose affairs have been finally closed:
Receivers' salaPercentLegal expenses. ries, and all other
age of
expenses.
colof Total
Amount
divilections
Date of failure in semi- No.
failed
of
claims
dends
from all
Ratio
Ratio
decades.
banks. sources.
claims
Amount to total Amount to total proved. on
proved.
paid. collec- paid. collection.
tions.
1865 to 1869, inclusive ..
1870 to 1874, inclusive..
1875 to 1879, inclusive..
1880 to 1884, inclusive..
1885 to 1890, inclusive..
Total
15
21
41
9
16
$3, 870,087 $155,959
10,384, 725 299,855
9, 353, 476 317, 737
1, 534, 720
44,561
3,735,929
30,374
102 28, 877,937
848, 486
4.03
2.89
3.39
2.90
.81
$343,343
579, 495
676, 526
109,162
122,195
9.13
5.58
7.23
7.11
3.27
$5,131, 694
9,876,423
9,646,132
1, 407, 231
2,483, 512
62.84
75.61
72.65
86.75
90.65
2.94 1, 830,721
6.34
28, 544,992
74.17
It will be observed that the banks have been classified into semidecades, haying regard to the date of insolvency. The conspicuous relative reduction in legal expenses is worthy of remark. The first semidecade shows an average disbursement for legal expenses of $4.03 on
each $100 collected, while the same item during the last semi-decade is
stated at only 81 cents.
The average expenses to each $100 of collections for receivers' salaries and all other expenses decreased from $9.13 during the first semidecade to $3.27 during the last. Taking into account all the expenses
of administration, we find that the cost per $100 during the last period
is $4.08, as against $13.16 during the first. A corresponding increase
in the percentage of dividends paid to the creditors of insolvent banks
is also to be noted.
During the first period, claimants received on the average 62.84 per
cent) during the last period 90.65 per cent, and for the entire life of
the system 74.17 per cent.
The increase in dividends and decrease in expenses go hand in
hand. The increase in rate per cent paid to creditors is due in part
to greater efficiency and economy in conducting the liquidations, and
partly to the fact that recent failures are less disastrous than in the
earlier years of the system. These results indicate that governmental
supervision is growing more effective as new and improved methods
are evolved from experience. Certainly no other system of liquidating
insolvent banks has ever proved so effective and economical; the record
of the pastfiveyears showing average dividends to creditors of 90.65 per
cent, and average expenses of only 4.08 per cent is in both respects
believed to be without a parallel.
REPORT OF THE COMPTROLLER OP THE CURRENCY.
AMENDMENTS TO PRESENT LAW.
The Comptroller desires to repeat in substance the recommendations
contained in his report for 1890.
In his opinion the present law should be so amended as to provide:
(1) That no association shall be required to maintain a bond deposit
of more than $1,000 to secure circulation.
(2) That every association may issue circulating notes equal to the
par value of the bonds so deposited.
(3) That the monthly withdrawal of bonds pledged to secure such
notes shall not exceed $3,000,000 in the aggregate.
(4) That the semi-annual duty ©n circulation be so reduced as to
equal one-fourth of 1 per cent j)er annum.
These recommendations are made upon the supposition that Congress
will not favorably consider measures looking to any considerable increase of circulation through further note issues by national banks.
While the Comptroller is of the opinion that bank notes possess certain
qualities not found in any form of governmental issues, but which are necessary to a perfect circulating medium, he is, nevertheless, aware that
the present is not an opportune time for presenting his views upon that
subject. He deems it wise to accept the situation, so far as note issues
are concerned, and ask for such legislation as will relieve national banks
so far as possible from the enforced and unremunerative issue of circulating notes, so that they may be unembarrassed in their efforts to
faithfully serve the public as banks of discount and deposit.
Inasmuch as the secured circulation of national banks has increased
$11,795,101 during the report year and is now much above the present
minimum requirement, no rapid contraction of circulation need be
apprehended.
The limitation provided in the third proposition would in any event
prevent a retirement beyond $3,000,000 per month. Such reduction
as might otherwise take place would be neutralized for five months at
least by the immediate additional issue of $15,211,385 under the second
proposition.
The reduction of the semi-annual duty is both just and expedient.
No adequate reason can be given for the taxation of a valueless and
unwelcome franchise for the purpose of swelling redundant revenues.
MONETARY STRINGENCY OF 1890.
The previous report year, which ended November 1,1890, showed a
comparatively small number of failures of national banking associations. Up to Midsummer of 1890 that year had been one of more than
average business activity. It was, however, apparent in the early
Spring, to those who were most observant of passing events, that unfavorable conditions existed, the evil effects of which would appear in the
near future. This arose from consideration of the fact that agricultural
interests were in an unsatisfactory condition, and also that overtrading
and unhealthful expansion were everywhere apparent. During the
year the building of railroads had been prosecuted with unusual vigor,
making necessary the placing of unusually large lines of securities.
Immense sums heretofore available as loanable capital in the New
England and Middle States had taken a fixed form by reason of invest
10
REPORT OF THE COMPTROLLER OF THE CURRENCY.
merits in the Mississippi Valley and upon the Pacific coast in city and
suburban property, in loans represented by farm mortgages, and in the
stocks and bonds of unnumbered corporations organized for the purpose of conducting various kinds of manufacturing operations, and supplying water, light, and rapid transit to the inhabitants of the many
rapidly growing cities and villages in the regions named. Not only
did these enterprises attract capital from the Atlantic States, but
English investors brought to this country vast sums for the purpose of
grouping together and recapitalizing corporations engaged in manufacturing, industrial, and commercial pursuits.
This unexampled movement of capital toward the West not only divested the Atlantic States in a large degree of the loanable funds heretofore available for the relief of those engaged there in manufacturing
and in business in its various forms, but it also had its effect upon the
West in unduly stimulating speculative operations in real estate and
laying the- groundwork for the future collapse in prices which it was
apparent must follow whenever the flow of money toward the field of
these operations should for any cause be greatly diminished or entirely
arrested.
The various banking institutions located in the region of country
affected by the speculative spirit thus incited became necessarily more
or less involved in the operations of their local customers. They found
themselves early in the Summer of 1890 carrying large lines of loans
representing investments in various forms of corporate enterprises,
which were in a large degree in untried fields and dependent for success
upon the rapid growth of towns and cities, yet unrealized. The banks
of the country were therefore in an unduly extended condition upon
the approach of Midsummer, and dependent in many cases upon* rediscounts with their correspondents in the reserve cities in order to
enable them to carry the heavy lines with which they were burdened.
While in this condition the transfer of funds to this country from England and the Continent became at first greatly reduced in volume, and
finally ceased. Not only was the supply of fresh funds from this source
.cut off, but it was discovered that during the late Spring and earlySummer months, as well as later on, vast amounts of American securities held abroad were forced upon the New York market by European
holders for the purpose of preparing for a collapse which was expected
to result from similar conditions of undue expansion existing abroad.
The Continental countries had already passed through a period of liquidation and loss consequent upon the failure of the Panama Canal Company and the French Copper Syndicate. England, by reason of unusually large investments in all parts of the world, and especially in the
Argentine Eepublic, was gradually but surely approaching an exceptionally severe monetary stringency.
As an evidence of this and the consequent disposition to increase the
stock of gold there held, in order to strengthen their cash resources, it
is noted that during the months of June, July, and August of last year
the net exportation from the United States of gold coin and bullion exceeded $14,000,000, and for the period extending from January 1,1890, to
August 31,1891, the net exportations of gold amounted to $75,405,613.
While these causes were operating to prevent the necessary relief from
reaching us from Europe, the demands upon the banks in New York
and other large reserve cities rapidly increased, producing a reduction
in the amount of deposits and an increase in the amounts loaned to and
rediseounted for the interior banks.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
11
The gross deposits of forty-six national banks in the city of New York
show a falling off of $44,831,356 between the 28th of February and 17th
of May, 1890; $13,519,527 of this representing a reduction in balances
due to interior banks and those located in other reserve cities, while
the reduction in loans and discounts was less than $10,000,000. The
New York banks, however, were enabled to so strengthen their positions during the months of June and July that the marked stringency
was delayed until August. It culminated about the middle of November, when the failure of a leading firm of brokers, the embarrassment of
one large State bank, and the failure of another occurred in New York.
These events were simultaneous with the announcement of the embarrassment of the Baring Brothers, of London, and the fact that a syndicate had been formed, headed by the Bank of England, through whose
agency Baring Brothers' obligations were guaranteed to the extent of
about $75,000,000.
The unsatisfactory condition of monetary affairs in England, and the
desire to be prepared for the effect of the announcement of the embarrassment of the Baring Brothers, induced the Bank of England to
borrow £3,000,000 in gold from the Bank of France, in addition to
£1,500,000 received from Eussia upon sale of treasury bonds. This
extraordinary transaction is an evidence of the serious character of
the monetary stringency in England, aggravated by the unsatisfactory
conditions apparent in almost every civilized country where English
capital has heretofore found investment.
Among the unfavorable conditions existing in our own country, in
addition to the undue expansion and resulting speculative investments
which have been heretofore noted, should be mentioned the greatly reduced yield last year of wheat, oats, and corn, and the low prices which
prevailed for the same. It is also to be observed that the importation
of foreign commodities in 1890 exceeded in value that of any previous
year. This was due, to some extent, to the passage of the new tariff
act, which was made to take effect on the 6th of October, 1890. This
undoubtedly greatly stimulated importations, in order that their arrival
prior to the date mentioned might enable them to escape the higher
rate of duty supposed to be imposed by the new act.
To relieve this severe monetary stringency the Secretary of the
Treasury increased his purchase of United States bonds to such an extent as to almost entirely exhaust the available surplus in the Treasury.
During the three and one-third months from July 19 to November 1,
1890, over $99,000,000 were disbursed in payment for United States
bonds and interest thereon. It is apparent, however, that while the
relief afforded was timely and the sums disbursed very large, the unfavorable and threatening conditions were caused to a greater degree
by want of confidence and a curtailment of credits than by lack of circulating medium. That this large disbursement had the effect of allaying excitement and promoting a return of confidence on the part of the
general public is no doubt true.
As has been noted, the monetary stringency culminated on the 15th
of November, 1890, and its effects within thirty days thereafter had to a
considerable extent passed away, so far as could be observed in the
larger cities. Its effect upon the country at large, however, still continued. ' Inability to place securities and to borrow money had arrested
the operations of a great multitude of corporations scattered all over the
country, and insolvency and failure had in a large number of cases ensued. Where failure did not take place new work was stopped, all
12
REPORT OF THE COMPTROLLER OF THE CURRENCY.
credits were curtailed, and business in its different forms became
greatly depressed. The growth of cities and villages was in many
cases arrested, and the prices of city property, especially of a suburban
character, became greatly reduced.
Corporations newly organized, with insufficient capital and inexperienced management, generally became insolvent, and speculative operations of every kind and character were prostrated. Liquidation took
place in all branches of business, resulting in the failure and extinction
of a large number of business enterprises which were never entitled to
credit and in the curtailment of the operations of many possessing ample capital and skillful management.
The process of liquidation above referred to did not end with the
monetary stringency in December, 1890, but has continued since that
date, and its influences are still felt and its effects observed. The subject is here discussed because of its intimate connection with the bank
failures of 1891.
CLEARING-HOUSE LOAN CERTIFICATES.
The effect of a general monetary stringency is felt first and most
seriously by banks located in the larger of the reserve cities. Whenever financial affairs are in a normal condition the surplus funds of the
local banks find their way to the vaults of their correspondent banks
located in the great centers of business activity. This is undoubtedly
due in part to the fact that these deposits may be made available
for lawful money reserve and that a small rate of interest is, as a rule,
X>aid upon bank balances by associations in the larger cities, and
to the further fact that the maintenance of a good balance with
their city correspondents strengthens the claim of the interior banks
upon the former for rediscounts when the temporary condition, of
redundancy passes away and the increased demand for money is
greater than the interior banks from their resources can conveniently
supply.
Tlius it results that the wants of a continent in case of general depression are at last brought through various channels of business
activity, by way of withdrawals or loans, to the bankers of the great
metropolitan cities for relief, and they are presented in such a form, in
many cases, as to preclude the possibility of refusal, if general bankruptcy is to be avoided.
During the period of the stringency above discussed the cities of
New York, Philadelphia, and Boston were subjected to the most pressing demands, amd after very careful consideration it was decided by
the associated banks that the exigency made necessary a resort to the
issuing of clearing-house loan certificates, for the purpose of settling
clearing-house balances. This expedient had been successfully resorted
to during the panics of 1873 and 1884.
At a meeting of the New York Clearing-House Association on the
11th day of November, 1890, the following resolution was unanimously
adopted:
Resolved, That a committee of five be appointed by the chair, of which the
chairman shall be one, to receive from banks members of the association bills receivable and other securities, to be approved by said committee, who shall be authorized to issue therefor, to such depositing banks, loan certificates bearing interest at 6 per cent per annum, and in addition thereto a commission of one-quarter of
1 cent for every thirty days such certificates shall remain unpaid, and such loan
certificates shall not be in excess of 75 per cent of the market value of the securities of bills receivable so deposited, and such certificates shall be received and paid
settlement of balances at the clearing house.
Digitized forinFRASER
REPORT OF THE COMPTROLLER OF THE CURRENCY.
13
Under this resolution a committee of live was appointed, and they
proceeded, upon deposit of proper securities, to issue to applying banks
loan certificates in the following form:
No.
.
$20,000
Loan committee of the New York Clearing-House Association, New York,
,
1890.
This certifies that the
has deposited with this committee securities
in accordance with the proceedings of a meeting of the association held November
11, 1890, upon which this certificate is issued. This certificate will be received in
payment of balances at the clearing house for the sum of twenty thousand dollars
from any member of the Clearing-House Association.
On the surrender of this certificate by the depositing bank above named the
committee will indorse the amount as a payment on the obligation of said bank held
by them, and surrender a proportionate share of the collateral securities held therefor.
$20,000.
Committee.
These certificates were, by unanimous agreement upon the part ot
the clearing-house banks, accepted in lieu of money in the settlement
of clearing-house balances.
In order to provide for the retirement of these securities in case the
collaterals pledged were found insufficient, the several boards of directors
of the associated banks were requested to, and did, pass a resolution
in the following form:
Resolved, That any loss resulting from the issue of loan certificates shall be borne
by the banks comprising the Clearing-House Association pro rata of capital and surplus, and this resolution shall be ratified by the boards of the respective banks,
members of the association, and a certified copy of such consent delivered to the
chairman of the loan committee.
This committee, acting under the authority granted by the above resolution, issued to the associated banks loan certificates aggregating
$16,645,000. The first issue was made November 12, 1890, and the
entire issue was retired on February 7, 1891. The largest amount outstanding at any one time was $15,205,000, on the 13th of December, 1890.
On the 17th of November, 1890, similar proceedings were had by the
Boston Glearing-House Association. On that day, at a meeting of the
association, the following resolution was unanimously adopted:
Resolved, That a committee of five be appointed by the chair, of which committee
the chairman shall also be a member, to receive from banks, members of the association, bills receivable and other securities, to be approved by said committee, who
shall be authorized to issue therefor, to such depositing banks, loan certificates
bearing interest at 7.3 per cent per annum, and such loan certificate shall not be in
excess of 75 per cent of the market value of the securities or bills receivable so deposited, and such certificates shall be received and paid in settlement of balances
at the clearing house.
It is observed also that the ultimate payment of the certificates, in
case the pledged collaterals proved to be insufficient, was provided for
through the ratification, by the boards of directors of the respective
banks, of the following resolution passed by the Boston Olearing-House
Association at the meeting above noted:
Resolved, That any loss arising from the issue of loan certificates shall be borne by
the banks comprising the Clearing-House Association pro rata, according to the
average daily amount which each bank shall have sent to the clearing house during
the preceding year. It was also voted that this resolution shall be ratified by the
boards of directors of the respective banks, members of the association, and a certified copy of such consent delivered to the chairman of the loan committee^
14
REPORT OF THE COMPTROLLER OF THE CURRENCY.
The form of the loan certificates issued under the resolution alluded
to is as follows:
No.
'$5,000.
g Loan committee of the Boston Clearing-House Association. Boston,
189-.
r5 This certifies that the
has deposited with this committee securi© ties in accordance with the proceedings of a meeting of the association held
H
November 17, 1890, upon which this certificate is issued.
a
This certificate will be received in payment of balances at the clearing house
§§
g
rd
^
®
pj
for the sum of five thousand dollars from any member of the Clearing-House
Association.
On surrender of this certificate by the depositing bank above named, the committee will indorse the amount as a payment on the obligation of said bank held
by them, and surrender a proportionate share of the collateral securities held
therefor.
$5,000.
Committee.
When a bank applied for and received loan certificates it was required to deposit the necessary securities and to also execute and deliver
an obligation, of which the following is a copy:
The
Bank has this day received of,
, loan committee of the Boston
Clearing-House Association loan certificates issued by said committee in pursuance
of a vote of said association, passed November 17, 1890, to the amount of
thousand dollars, and has deposited with said committee the securities, a statement
whereof is hereto annexed, and said
Bank receives said loan certificates on the terms set forth in said vote, and agrees to pay the amount of said certificates, with interest thereon, as provided in said vote.
Under the operation of the resolution of authority granted by the
clearing-house committee, as above noted, loan certificates were first
issued on November 19, 1890, and the- last were issued on December 6,
1890. On the latter date the issue reached its maximum of $5,065,000.
The last of the issue was retired on January 6, 1891.
The Clearing-House Association of Philadelphia took action on November 18, 1890, at which time, at a meeting of the Clearing-House
Association, the following resolution was adopted:
Besolved, That, in accordance with resolution of September 24, 1873, as amended
October 18, 1873, the clearing-house committee will issue loan certificates to banks
applying and receive them in payment of balances.
The resolution of September 24,1873, as amended October 18, 1873,
reads as follows:
For the purpose of enabling the banks, members of the Philadelphia ClearingHouse Association, to afford proper assistance to the mercantile and manufacturing
community, and also to facilitate the inter-bank settlements resulting from their
daily exchanges, we, the undersigned, do bind ourselves by the following agreement on the part of our respective banks, viz:
First. That the clearing-house committee be, and they are hereby, authorized
to issue to any bank member of the association loan certificates bearing 6 per cent
interest on the deposits of bills receivable and other securities to such an amount
and to such percentage thereof as may in their judgment be advisable.
These certificates may be used in settlement of balances at the clearing hous e,
and they shall be received by creditor banks in the same proportion as they bear to
the aggregate amount of the debtor balances paid at the clearing house. The
interest that may accrue upon these certificates shall be apportioned monthly among
the banks which shall have held them during that time.
Second. The securities deposited with the said committee shall be held by them
in trust as a special deposit, pledged for the redemption of the certificates issued
thereupon, the same being accepted by the committee as collateral security, with
the express condition that neither the Clearing-House Association, the clearinghouse committee, nor any member thereof shall be responsible for any loss on said
collaterals arising from failure to make demand and protest, or from any other neglect or omission, other than the refusal
to take some reasonable step which the said
1
Digitized fordepositing
FRASER bank may have previously reojuired in writing.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
15
Third. On the surrender of such certificates; or any of them, "by the depositing hank,
the committee will indorse the amount as a payment on the obligation of said hank
held by them, and will surrender a proportionate amount of securities, except in case
of default of the bank in any of its transactions through the clearing house; in
which case the securities will be applied by the committee, first, to the payment of
outstanding certificates, with interest; next, to the liquidation of any indebtedness
of such bank to the other banks, members of the Clearing-House Association.
Fourth. The committee shall be authorized to exchange any portion of said securities for others, to be approved by them, and shall have power to demand additional
security, at their own discretion.
Fifth. That the clearing-house committee be authorized to carry into full effect
this agreement, with power to establish such rules and regulations for the practical
working thereof as they may deem necessary; and any loss caused by the non-payment of loan certificates shall be assessed by the committee upon all the banks in
the ratio of capital.
Sixth. The expenses incurred in carrying out this agreement shall be assessed
uj)on the banks in equal proportion to their respective capital.
Seventh. That the clearing-house committee be, and they are hereby, authorized
to terminate this agreement upon giving thirty days' notice thereof at any stated
meeting of tne Clearing-House Association.
PHILADELPHIA, November 18, 1890.
At a meeting of the clearing-house committee, held this day, it was, on motion:
Resolved, That in accordance with resolutions of September 24, 1873, as amended
October 18, 1873, the clearing-house committee will issue loan certificates to banks
applying, and receive them in payment of balances.
The form of loan certificate issued by the Clearing-House Association
of Philadelphia is here given:
No.
.
$5,000.
Clearing-house committee of the Philadelphia banks, Philadelphia,
, 1891.
This certifies that the
Bank has deposited with this committee,
securities in accordance with the agreement of a meeting of bank officers held
6 September 24, 1873. This certificate will be received during the continuance of
H said agreement and of any renewals of the same, in payment of balances at the
c§ clearing house, for the sum of five thousand dollars, only from a member of the
*-g Clearing-House Association to whom the same may have been issued, or to whom
« it may be indorsed by the manager of the clearing house.
On the surrender of this certificate by the depositing bank above named the
fl
cs committee will indorse the amount as a payment on the obligation of said bank
^ held by them, and surrender a proportionate amount of the collateral securities
except in case of default on the part of said bank in its transactions through the
Clearing-House Association of Philadelphia.
Committee.
It will be observed that the original agreement under which the committee proceeded in this case was adopted during the panic of 1873
and after that subsided no further action was had under it until November, 1890, but the machinery was kept standing during the whole intervening period ready for immediate use whenever required.
The clearing-house committee having, by the agreement aforesaid,
been authorized to issue loan certificates resolved, on November 5? 1890,
to exercise this power, whereupon the banks desiring to take out loan
certificates were required to adopt a resolution empowering the hypothecation of securities, under which the issue of loan certificates, signed
by not less than three members of the committee, was commenced on
November 19, 1890, and ceased on May 22, 1891, the total issue being
$9,655,000. The maximum issue, $8,870,000, was reached on January
9. The certificates have all been retired excepting $170,000 issued to
the Keystone and Spring Garden National Banks.
16
REPORT OF THE COMPTROLLER OF THE CURRENCY.
DOMESTIC EXCHANGES.
In his annual report for 1890 tlie Comptroller published certain data
in relation to domestic exchanges in the United States, which exhibited
the amounts of drafts drawn during the year ended June 30, 1890, (1)
upon national and other banks in the cities of New "York, Chicago, and
St. Louis, separately stated; (2) upon banks located in other reserve
cities, and (3) upon all other banks.
Out of the 3,438 national banks in operation on the 30th day of June,
1890, 3,329 furnished the desired information. While the facts thus
elicited attracted wide attention and proVed valuable as illustrating
the magnitude of the transactions liquidated through transfers of bank
credits, it fell short of all that might be desired from the fact that drafts
drawn upon reserve cities other than New York, Chicago, and St. Louis
were not separately stated but were given in the aggregate only.
It was thought desirable to again call for this information for the
purpose of instituting comparisons as between the operations of the
two years, and also for the purpose of ascertaining the magnitude of
the transactions with each of the reserve cities, to the end that similar
calls following this at suitable intervals rnigUt afford the means of ascertaining the relative growth of the banking operations of the several reserve cities of the United States. For this purpose circular letters were addressed to each active bank in the system, and replies were
received from 3,637, that being the number in operation on the 30th
day of June, 1891, exclusive of 22 associations that drew no exchange.
This cheerful cooperation on the part of every bank in the system is
worthy of special commendation, as last year 109 banks failed to make
the necessary report.
In comparisons made between the operations of the year ended June
30, 1890, and the year ended June 30, 1891, it will be remembered that
the former year covered the operations of 3,329 banks, and the latter
year 3,637 banks. The total amount of drafts drawn by these 3,637
associations during the year ended June 30, 1891, was $12,782,212,49*5.
Wefindthat of this amount there was drawn on New York $7,836,208,250,
on Chicago $1,254,693,941, on St. Louis $237,908,010, and on other
reserve cities $3,101,005,735, and on all other banks and bankers
$352,396,559.
Among the other reserve cities Boston leads with $1,492,266,242,
followed by Philadelphia with $541,333,403.
From this statement it appears that of the total sum 61.31 per cent
was drawn on banks in the city of New York; 9.82 per cent on Chicago;
1.86 per cent on St. Louis; 11.61 per cent on Boston, and 4.24 per cent
on Philadelphia. The total sum drawn upon the reserve cities, excepting New York, Chicago, and St. Louis, was 24.25 per cent and 2.76 per
cent on banks located elsewhere.
KEPORT OF THE COMPTROLLER OF THE CURRENCY.
17
Iii order to exhibit these movements in detail the following table has
been prepared :
TABLE SHOWING THE AMOUNT OF DRAFTS DIUWN BY NATIONAL BANKING ASSOCIATIONS UPON NEW YOUK, CHICAGO, ST. LOUIS, THE OTHER RESERVE CITIES, AND
ON ALL OTHER LOCATIONS, THE NUMBER OF BANKS DRAWING UPON EACH CITY
AND THE PERCENTAGES OF DRAWINGS, IN 1891 AND 1890.
1890.
1891.
Location of banks drawn
upon.
Central reserve cities:
New York
Chicago
St. Louis
Other reserve cities:
Boston
Albany
Philadelphia
Pittsburg
Baltimore
"Washington
New Orleans
Louisville
Cincinnati
Cleveland
Detroit
Milwaukee
Kansas City
St. Joseph
Omaha
Brooklyn
St. Paul
Minneapolis
San Francisco
Des Moines
All other localities
Total.
Kumber
drawing. Amount drawn. Per cent.
$7, 836, 208, 250
254, 693,941
237,908, 010
61.31
9.82
1.86
., 492,266, 242
853
26, 947, 718
68
664
541,333, 463
204
. 147, 213, 869
258
87,802,114
4, 651,146
67
243 I
37, 518, 587
200
56, 056, 805
429
148,726, 218
128
29,473,237
105
55, 549, 913
111
36, 069, 676
391
104, 363, 214
10, 556, 220
57
104, 362,120
228
1, 771, 976
6
170
75, 937,658
98
29,784, 617
231
108, 329,796
22
2,291,146
:,325
352, 396, 559
11.61
.21
4.24
1.15
.69
.04
.30
.44
1.17
.24
.44
.29
.82
.08
.82
.01
.60
.24
.85
.01
2.76
12,782,212,495
100.00
Number
Amount drawn.
drawing.
Per cent.
3,147
1,024
481
$7,284, 982, 634
1, 084, 574, 558
188. 765. 8i2
63.07
9.39
1.64
2,334
*2, 527,757,482
*21.88
1,080
464,817,739
11,550,898,255
100.00
*The total amount of drafts drawn upon other reserve cities (not shown in detail in 1890) is
$3,101,005,735 and the percentage 24.25.
In order to facilitate a comparison between the operations of the year
ended June 30* 1890, and those of the year ended June 30, 1891, the
totals and percentages for the former year are included in the table.
It will be observed that in the total amount of drafts drawn there has
been an increase in each of the three central reserve cities and in the
amounts drawn upon all other reserve cities, but that the total of drafts
drawn upon all other banks has fallen off to a marked degree.
It will be noticed that the grand aggregate for all banks shows an
increase of $1,231,314,240, being slightly in excess of 11 per cent. So
far as the percentages show the relative importance of the.several
reserve cities the changes do not appear important. New York City,
relatively, has slightly fallen off wjiile Chicago and St. Louis each show
a slight increase in percentages. Other reserve cities have increased
from 21.88 to 24.25 per cent, indicating the growing importance of the
business tributary to the inland cities.
11167
2
18
REPORT OF THE COMPTROLLER OF THE CURRENCY.
In the following table is exhibited the amounts of exchange drawn
by all the national banks, classified by States and arranged in the order
of the total amounts drawn, further subdivided so as to show the operations of the banks in reserve cities and other banks separately during
the year ended June 30,1891, to which has been added a column giving
corresponding totals for the previous year.
AMOUNT OF DRAFTS DHAWN BY ALL REPORTING BANKS IN 1891 AND 1890.
Location of drawing
banks.
Reserve cities.
. of
banks.
1891.
$829,641,060
1,018,432,079
639, 841,131
225, 601,726
520,097,176
573,632,074
Massachusetts
Illinois
Pennsylvania
New York
Ohio
Missouri
New Jersey
Connecticut
Nebraska
Michigan
Texas
Minnesota
Rhode Island
Iowa
Maryland
Indiana
Wisconsin
Colorado
, Maine
Kansas
Tennessee
New Hampshire
Kentucky
Louisiana
California
Virginia
Vermont
Washington
Georgia
Oregon
Montana
Alabama
District of Columbia.
North Carolina
Florida
South Carolina
Delaware
"West Virginia . . . . . . .
South Dakota
Mississippi
A rkansas
North Dakota
Utah
New Mexico
"Wyoming
Idaho
Arizona
Nevada
Indian Territory
Oklahoma
Total.
Amount.
213,748,926
135, 999,011
236, 333,479
33, 802, 532
253, 512,102
64,779,622
60, 841, 654
119, 636, 353
28,131, 600
12
48, 251, 748
All other.
No. of
banks.
Amount.
1891.
207 $818, 017, 643
391,
917,187
181
297 637, 422, 602
741,
983, 237
265
212 313,374,192
62,
225,
888
58
95 540, 605, 942
428,790,755
84
128 167,410,740
100 233,687,986
209 347, 699, 375
92, 531, 690
49
59 326, 295, 972
281,
542, 619
142
43,454, 874
41
221,
086,925
100
67 123,070, 876
50 176,871,574
78 176,479, 284
145 159,419, 341
54 152, 719, 395
52 141, 525, 565
77,307,129
69
15, 282, 986
11
96,342,665
34
118,001,654
35
50 103, 244, 799
94,194, 996
63
88, 208,733
32
70, 335, 904
40
65,765,
034
29
65,046,139
31
4,
111,
908
1
47,131,898
21
43,
546,
212
18
42, 705, 672
15
40,761, 234
18
34,414,274
23
33, 215, 067
39
29,079,
559
13
27,905,777
10
26,574,478
33
26, 227, 052
13
20,142, 533
12
11,891,088
11
10,735, 684
7
3,494, 472
3
2,237,907
2
2,090,873
2
1, 800, 833
3
Total.
No. of
banks.
Amount.
Amount.
1891.
1890.
263 $1. 647, 658, 703 $1,600,009,684
1,361,844,062
410,
349,
206
201
366
277, 263,733 1,130,402,494
919,743.864
967, 584, 963
308
235
833, 471, 368 772,069; 028
543,777,164
82
635, 857, 962
95
540, 605, 942 508, 700, 947
416,047, 524
84
428,*790,755
331,177,493
381,159, 666
137
345,484, 081
369,686,997
108
241,780,749
209
347,699, 375
281, 262, 306
60
328, 865,169
326, 295, 972 323, 357,109
59
229, 878, 098
146
315, 345,151
260, 619,135
296,966 976
63
221, 086, 925 186, 618, 301
100
70
187, 850, 498 149,171,877
50
176, 871, 574 160,755, 610
162, 579,412
176,479, 284
78
143,467,707
159,419,341
145
94,831,961
54
152, 719, 395
134, 854,170
141,525, 565
52
133,
031, 928
138,148,
783
79
134, 919, 339 120, 422, 635
21
110,
748, 634
124,
474,265
36
83,719,222
118,001. 654
35
85,033,920
103,244,
799
50
74,334,294
94,194, 996
63
88, 055,102
88, 208, 733
32
58, 548, 436
70, 335, 904
40
52,223, 703
65,765,
034
29
53, 335, 607
65^ 046,139
31
46,206,
305
52,363,666
13
45,
572,126
47,131,898
21
35,125,031
43,546,
212
18
41,378,067
42,705, 672
15
30,949, 385
40,761, 234
18
25,167, 612
34,414, 274
23
32,061,974
33,215,067
39
22,948,968
29,079, 559
13
31,359,123
27,905,777
10
16. 553,426
26,574,478
33
27,349,987
26,227, 052
13
14,837, 575
20,142, 533
12
10,413,865
11,891, 088
11
8,507,703
10,735, 684
7
1,884, 380
3,494,472
3
2, 695, 871
2,237,907
2
2,090.873
1,800,833
326 5; 002,282, 273 3,311 7,f779, 930, 222 3,637 12,782,212,495 11, 550,898, 255
It will be noticed that some changes have taken place in the relative
importance of the several States during the year. Those whose relative increase is most conspicuous are Texas, Tennessee, Washington,
Wisconsin, Nebraska, and Iowa.
19
REPORT OF THE COMPTROLLER OF THE CURRENCY.
In order to further illustrate the operations of banks covered by the
foregoing statement the following table is introduced, which exhibits
the amount drawn by banks in the several reserve cities :
AMOUNT OF DRAFTS DRAWN BY BANKS IN THE SEVERAL RESERVE CITIES, 1891.
On New York. On Chicago.
Reserve cities.
New York
Chicago
Boston
Philadelphia
Kansas City
Cleveland '.
Baltimore
Cincinnati
Pittsburgh
St. Louis
Omaha
Detroit
Albany
'
St. Paul
:
New Orleans
Minneapolis
Milwaukee •
Louisville
St. Joseph
Washington
Des Moines
San Francisco
Brooklyn
Total
'
On
On other re- On all other
banks.
St. Louis. serve cities.
$11,427,570
664,512,872
709, 240,027
369,221,119
161,740,162
264, 310, 389
217,596,049
178,724,488
1C6,180, 779
180,191,169
119,157,265
113, 096, 537
128,463,210
. 73,450,444
9
115, 324, 617
52,386, 949
30,142,935
51, 870,599
29,257,426
43,864,887
12, 546,821
23,076,239
784, 000
$82,822
222,499,995
2,303, 527
658,366
72,527,858
11,048,040
68, 334
12,895,728
10,297,358
24,122,397
74,882, 966
12, 368,454
50,748
32,680, 687
1,876,125
33, 077,458
32,930,400
2,245, 226
6,878,186
101,411
20,159, 722
2,241, 668
$10,636
4,800,751
7,021
10,531
66,358, 648
848, 059
7,500
5,069,596
47,574
3,716, 566, 553
575, 997,476
96, 591, 768
10,008,713
97, 500
1, 357,841
649,674
13,100
1,161. 695
5, 552, 705
590,224
$80,541,409
111, 755,435
117,541,446
37,016,939
7,078,086
15,276,312
35,558,171
28,822,015
50,511,200
13, 004,896
9, 599,982
9,652,089
3,582,159
17,818,378
1,678,106
23,710, 841
1, 693,187
4,791, 958
6,602,705
4, 268, 950
505,765
2,711, 961
334,000
$325,172
14, 863, 026
549, 039
5,744,251
584,055,990
29,070,486
858,507
282,048
2, 244,042
153,014
317, 836
100,000
784,431
107,831
1, 850, 881
772,176
16,500
101, 732
Total.
$92,387,609
1,018,432,079
829,641,060
412, 651,206
307, 704, 754
292,341,307
253,512,102
227, 755, 869
227,189,925
217, 636,298
213,748, 926
135,999,011
132,096,117
125, 307,350
119, 636,353
111, 026,129
64,779,622
60, 841, 654
48,291,022
48,251, 748
33,802, 532
28,131,600
1,118,000
5,002, 282,273
20
REPORT OF THE COMPTROLLER OF THE CURRENCY.
The same classification applying to all banks located outside of reserve cities is exhibited by the table which is here introduced:
AMOUNT OF DRAFTS DRAWN BY BANKS IN THE SEVERAL STATES OUTSIDE OF THE
RESERVE CITIES.
States and Territores.
On
New York.
On
Chicago.
Massachusetts
New York.
Pennsylvania
New Jersey
Connecticut
Illinois
Texas
Rhode Island
Ohio
Iowa
Michigan
Indiana
Colorado
Maine
Nebraska
Kansas
Tennessee
New Hampshire
Wisconsin
Virginia
Vermont
California
Washington
Minnesota
Georgia
Kentucky
Oregon
Montana
Alabama
Missouri
North Carolina
Florida
Maryland
South Carolina
Delaware
West Virginia
South Dakota
Mississippi
Arkansas
North Dakota
Utah
New Mexico
Louisiana
Wyoming
Idaho
District of Columbia.
Arizona ....
Nevada
Indian Territory
Oklahoma
$198, 959,935
694,127,300
248, 749,410
474, 546, 790
384,480, 563
129,860 585
185, 838, 827
172, 546, 722
212, 485, 209
91,175,100
107,190, 111
124,182, 211
110,573,233
CO, 775, 489
51, 497, 219
72, 686,155
113,734,001
6,121,196
27, 877, 662
70,134,129
39,216, 992
22,788, 345
38, 080, 273
29, 847, 636
81,383,549
25,511,604
26,433,159
37, 364,581
54,908,981
11. 885, t>OB
33,280,702
33,121,246
8, 585, 281
39, 786,408
6, 834,238
14, 656,484
12, 805, 802
18,406,923
11,448, 297
9, 548, 217
15,407, 576
11, 725, 848
6, 982, 710
4, 663, 997
4, 680, 711
3, 774, 672
1,103, 444
304, 750
1,166, 646
395,170
$1,270,456
227,651
892,017
Total
4,119,641, 697
By banks in reserve
3, 716, 566, 553
cities
On
St. Louis.
573,034
211,483,127 $26, 634,405
3, 352. 581 33,890,689
5, 000
4,163, 312
138, 615
166, 686, 446
3, 400,035
58, 723, 342
36, 088,101
1, 755, 631
13. 749, 633
8, 090, 521
"25," 558,'040'
521,698
11, 620, 635 12,518,337
2, 020, 824
4, 679, 853
65,i52,47i
* 334,398
4,360, 245
6, 648,132
25,517,592
111, 706
3,839,667
8,474,225
208, 898
6, 947, 099
800, 014
145, 242
214,000
6,326
724,780
297, 649
1, 057,564
511,999
30, 557, 691
221, 362
9,983
1,100
12, 660,622
9,259
1, 312, 519
1, 375, 638
1, 963, 996
796, 366
1, 652
1, 634, 642
832,127
70, 932
81, 813
60, 203
1,056,211
10,763,178
312,160
1,012,364
1, 372,557
74, 360
367, 591
68, 391
On
other reserve cities.
On
all other
banks.
Total.
$617,212,324
$574, 928
45,139, 508
2,488, 778
387,047,663
733, 512
66,059,152
43,735,133
2,025
18,954,459
4,984, 611
22, 209,479' 102,407,799
128,809,624 24,934, 626
87,062,772
14,058,398
65,801,353
48, 506, 990
20, 360,402
140, 401, 371
83,009,991
58,404, 596
23, 385,804
135, 326,348
28, 659, 767
37,933,121
63, 806, 807
60,330,784
22, 293, 636
36, 203, 505
3, 026, 056
46, 627,378
27, 310,020
10, 825, 212
5, 709,345
11, 983,594
8, 541,339
2, 768,814
34,645, 501
1, 447,152
2», 926,996
16,678, 515
3,912, 772
7, 524,924
1,966,640
14,735,170
6,970, 371
5,039, 856
6,295, 403
4, 659, 855
2, 875,040
327, 063
1, 563, 316
1,474, 928
422, 534
978, 994
9, 524, 284
6,222, 640
1,973,180
10,553, 992
24,097,785
5,802,424
6,823, 822
4,189,618
8,898,913
78,021
1,046, 578
3,934,404
221,000
8,063,277
27,027, 713
748,957
3, 792,802
4,331, 661
12,455,409
8,043, 452
3, 706, 916
851, 896
5, 309, 857
7,424, 807
224,092
1, 472,112
3,078,175
3, 835, 871
2,082, 242
2, 415,143
915, 453
1, 572,949
1, 568, 099
630, 664
932, 594
2, 347, 806
10,173
682 420
376, 416
134,102
298,075
$818, 017, 643
741,983,237
637, 422, 602
540, 605, 942
428, 790, 755
391,917,187
347, 699, 375
326,295, 972
313, 374,192
281, 542, 619
233,687, 986
. 221,086,925
176,871, 574
176,479,284
167, 410, 740
159,419, 341
152,719, 395
141, 525, 565
123,070, 876
118,001, 654
103,244,799
96, 342, 665
94,194, 996
92,531, 690
88, 208, 733
77, 307,129
70, 335, 904
65, 765, 034
65, 046,139
62, 225, 888
47,131, 898
43, 546, 212
43. 454, 874
42, 705, 672
40, 761, 234
34,414, 274
33,215, 067
29, 079,559
27,905, 777
26, 574, 478
26, 227,052
20,142,533
15, 282, 986
11,891,088
10, 735,684
4,111,908
3,494,472
2, 237,907
2, 090, 873
1,800,833
678. 696,465 141, 316, 242 2, 516, 949, 745323, 326,073 7, 779,930,222
575,997, 476 96, 591, 768
5, 002, 282, 273
584, 055, 990 29,070,486
Grand total.. - 7, 836, 208,250 1,254, 693, 941237, 908,010 3,101, 005, 735 352, 396, 559 12, 782, 212, 495
I
21
REPORT OF THE COMPTROLLER OF THE CURRENCY.
In order to show the magnitude and direction of the movements in
each geographical division the following tables are introduced:
STATEMENT SHOWING THE AMOUNT OF DRAFTS DRAWN, BY NATIONAL BANKING
ASSOCIATIONS IN EACH GEOGRAPHICAL DIVISION, UPON NEW YORK, CHICAGO,
ST. LOUIS, THE OTHER RESERVE CITIES, AND ALL OTHER CITIES, DURING THE
YEAR ENDING JUNE 30, 1891.
Location of banks New England
drawn on.
States.
Middle
Western
States.
Southern
States.
Pacific
States and
Territories.
Total.
$1, 541, 340, 924 $2, 374,155, 305$862, 389, 077 $2, 760, 558, 972, $297, 763,972 $7,
New York
836,208,250
11,361,252, 1,182, 048, 316 44, 753, 649 254,693,941
378, 707
Chicago
4,152,017
12,
76,241
54, 826, 945 170,771, 947 12, 225, 8561 237, 908,010
St. Louis
7,021
5, 289, 261 125,161,030
Boston
1,235, 778, 891 121094, 863
4, 942,197 492, 266, 242
347,000
Albany
927,762 25; 672, 956
26,947, 718
51,766, 700i
24, 571, 567
Philadelphia
7,483,418 457 073, 655
438,123 541,333,463
13, 518, 591
2, 553, 021
Pittsburg
50,549 131, 091, 708
147, 213, 869
35, 842, 598 12,309,426
Baltimore
1, 741, 981 37,908,109]
87,802,114
349. 262
2, 658, 221
Washington ..'...
500
1. 643,163
4,651,146
64,108
3,095,
983
34,
358,496
New Orleans
37, 518,587
286, 651
26, 760, 991
29, 009,163
56, 056,805
Louisville
814,437
99,651, 506
47,221,497
21,721
Cincinnati
17,057 148,726,218
740,469
27,732, 437
29,473,237
331
Cleveland
16,470
55,298,443
235, 000
55, 549, 913
Detroit
31,797
36, 033, 702
36, 066,676
4,177
Milwaukee
2,421
78, 743, 906 18,090, 553 105,078,273
54,072
&, 187,321
Kansas City
9, 687, 763
9, 841,161
153, 398
St. Joseph
81, 692,484 22,668, 316 104,362", 120
1,320
Omaha.
381,714
349,000
472,963
1,771,976
456, 680
111,619
Brooklyn
61,223,121 14,701,835
12,702
75, 937, 658
St. Paul
28, 855, 551
2,230
926,224
29,784,617
612
Minneapolis
1,912,272 105,401,735 108,329,796
152,652
546,270
316, 867
San Francisco . . .
2,291,146
2,291,146
Des Moines
72,
689, 625 87,701,829 352, 396, 559
9, 977, 540 150, 365, 502
All other cities .. 31, 662,063
Total
2,823,995,078 3,175, 546, 504 1,269, 526, 810 4, 902,881, 888
610,262,21512,782,212, 495
STATEMENT SHOWING BY GEOGRAPHICAL DIVISIONS THE AMOUNT OF DRAFTS
DRAWN BY NATIONAL BANKING ASSOCIATIONS ON BANKS IN NEW YORK, CHICAGO, ST. LOUIS, THE OTHER RESERVE CITIES, AND ON BANKS ELSEWHERE, DURING
THE YEAR ENDED JUNE 30, 1891.
On N e w
York.
Location.
New England States:
Massachusetts
Boston
Connecticut
Rhode Island
Maine
New Hampshire
Vermont..
Total
$198,959,935
709,240,027
384,480, 563
172, 546,722
30,775,489
6,121,196
39, 216, 992
$1, 270,456
2, 303,527
573,034
5,000
1, 541, 340,924
4,152,017
Middle States:
New York
New York City..
Albany
Brooklyn
Pennsylvania
Philadelphia
Pittsburg
New Jersey
Maryland
Baltimore
District of Columbia.
Washington
Delaware
Total
On
On other re- On all other
On Chicago. St. Louis.
serve cities. localities.
694,127, 300
227, 651
11,427, 570
82, 822
128,463,210
50, 748
784, 000
248, 749,410
892, 6i7
369, 221,119
658, 366
166,180, 779
10, 297,358
474, 546,790
8, 585, 281 •
217, 596, 049
68, 334
3,774, 672
43, 864, 887
101,411
6, 834, 238
2,374,155, 305
12,378, 707
$7,021
$617,212,324
$574,928
117,541,446
549, 039
43,735,133
2,025
128,809,624 24,934,626
140,401,371 5, 302,424
135, 326, 348
78, 021
63, 806,807
221,000
Total.
$818,017,643
829,641,000
428, 790, 755
326,295, 972
176,479, 284
141, 525, 565
103,244,799
7,021 1,246,833,053 31,662,063 2,823, 995, 078
10, 636
10, 531
47,574
7,500
76, 241
741,983, 237
92, 387,609
132, 096,117
1,118,000
637, 422, 602
412, 651,206
227,189,925
540, 605,942
43,454,874
253,512,102
4, 111, 908
48,251,748
40,761,234
45,139, 508
80,541,409
3, 582,159
334,000
387,047, 663
37,016,939
50, 511,200
66,059,152
34, 645, 501
35, 558,171
327, 063
4, 268, 950
33,926,996
2,488,778
325,172
778,958,711
9,977,540 3,175, 546,504
733, 512
5,744,251
153,014
224,092
282,048
10,173
16, 500
22
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT SHOWING BY GEOGRAPHICAL DIVISIONS THE AMOUNT OF DRAFTS
DRAWN BY NATIONAL BANKING ASSOCIATIONS, ETC.—Continued.
On New
York.
Location.
Southern States:
Texas
Tennessee
Kentucky
Louisville
Louisiana
New Orleans
Virginia
Georgia
Alabama
North Carolina
Florida
South Carolina
"West Virginia
Mississippi..
Arkansas
On Chicago.
On other re- On all other
On
serve cities. localities.
St. Louis.
Total.
I
$185, 838,827
$3, 352, 581 ;$33,890,689
113,734,001
2,020, 824 4,679, 853
111,706
25, 511, 604
724, 780
2,245,226
1,161,695
51,870,599
6,982, 710
1,652 1, 372, 557
115. 324, 617 1,876,125
649, 674
76,134,129
81, 383, 549
6*326
54, 908, 981
511,999
33, 280,702
33,121, 246
221,362
39, 786,408
14,656,484
1,100
18,406, 923
9,259 1,056,211
11,448, 297
1,312, 519 10,763,178
862,389,077
Total.
Western States:
Illinois
Chicago
Ohio
Cleveland
Cincinnati
Missouri
Kansas City
St. Louis..'.
St. Joseph
Nebraska
Omaha
Michigan
Detroit
Minnesota
St. Paul
Minneapolis
Iowa
Des Moines
Indiana
Wisconsin
Milwaukee
Kansas
South Dakota
North Dakota
Total.
$22,209,47!'9 $102,
1,407,799 $347, 699, 375
23,385,804
8,898, 913 152, 719, 395
46,627,378
4,331, 661
77, 307,129
4,791,958
772,176
60,841, 654
630,664
6, 295,403
15,282, 986
107,831
1, 678,106
119, 636, 353
3,934,404 118, 001, 654
37,933,121
3,792,802
3,026,056
88,208,733
3,706,916
5,709,345
65,046,139
8,541, 339 5, 309, 857 47,131, 898
7,424,807
2,768,814
43,546,212
1,447,152 1,472,112
42, 705, 672
16, 678, 515 3, 078,175
34,414, 274
7, 524,924 2,082,242
29, 079, 559
1, 966,640 2,415,143
27, 905,777
11,361,252 54,826, 945 190, 584,034 150,365,502 1,269, 526, 810
18,954,459
4, 984, 611 391,917,187
129, 860, 585 211,483,127 26,634,405
664, 512, 872 222,499,995 4,800,751 111, 755,435 14,863,026 1,018,432,079
4,163, 312
212, 485, 209
138, 615 87, 062,772 9, 524, 284 313, 374,192
264, 310, 389 11,048, 040
848, 059 15,276, 312
858, 507 292, 341, 307
227, 755, 869
178, 724, 488 12, 895, 728 5,069,596 28,822,015
2,244,042
11,
983,
594
885,
608
30,
557,
691
6,947, 099
62, 225, 888
851, 896
11,
72, 527, 858 66, 358, 648
7, 078,086
307,704,754
161, 740,162
24,122,397
13, 004,896
317, 836 217, 636,298
180, 191,169
6, 602, 705
6, 878,186 5, 552,705
29, 257,426
48,291,022
83, 009,961 6, 823, 822 167,410,740
51, 497, 219 25, 558, 040
521,r"
74, 882,966 10, 008,713
9, 599,982
119, 157,265
100, 000 213,748,926
65, 801,353 1,973,180
107, 190, 111 58, 723, 342
9, 652, 089
113, 096, 537 12, 368,454
97, 500
784,431
135, 999, 011
25, 517, 592
214, 000 36,203, 505
29, 847,636
748, 957
92, 531, 690
73, 450, 444 32, 680, 687 1, 357, 841 17,818, 378
125, 307, 350
23,710,841
52, 386, 949 33, 077, 458
1, 850,881 111, 026,129
91, 175,100 1G6, 686, 446 3, 400, 035 14,058, 398 6, 222,640 281, 542, 619
590,224
505,765
33,802, 536
12, 546, 821 20,159,722
124, 182, 211 36, 088,101 1, 755, 631 48, 506,990 10, 553,992 221, 086, 922
334, 398 28, 659, 767 1,046, 578 123, 070, 875
65,152,471
27, 877,662
64,779, 622
13,100
1, 693,187
30, 142, 935 32, 930,400
11, 620, 635 12, 518, 337 58,404, 596 4,189, 618 159,419, 341
72, 686,155
3,912,772 3, 835, 871
33,215,067
12, 660, 622
12, 805,
548, 217
915,453
26, 574,478
14,735,170
1,375,638
2,760, 558, 9721,182, 048, 316J170, 771, 947716, 813, 028 72, 689, 625 4,902, 881, 888
Pacific States and Territories :
Colorado
California
San Francisco ..
Washington
Oregon
Montana
Utah
N e w Mexico
Wyoming
Idaho
Arizona
Nevada
Indian Territory
Oklahoma
Total
110,573,233
22,788, 345
23,076,239
38,080,273
26, 433,159
37, 364, 581
15, 407, 576
11,725,848
4,663,997
4, 680, 711
1,103,444
304,750
1,166, 646
395,170
13,742,633 8, 090, 521
800, 013
4,360, 245
2, 241, 668
145,242
6,648,132
297, 649
3,839,667
8,474,225 1, 057, 564
312,160
1,963, 996
796,366 1, 012, 364
1,634, 642
832,127
70,932
74, 360
81,813
367, 591
68, 391
60,203
297, 763,972
44,753,649 32,225,856
20,360,402
60,330,784
2,711, 961
22, 293, 636
27, 310,020
10, 825, 212
6,970, 371
5,039,856
4, 659, 855
2, 875,040
1, 563,316
1,474,928
422, 534
978, 994
24, 097,785
8,063,277
101,732
27, 027, 713
12,455,409
8, 043,452
1, 572,949
1, 568,099
932,594
2,347, 806
682, 420
376,416
134,102
298, 075
167, 816, 909 87, 701, £
176, 871, 574
96, 342,665
28,131, 600
94,194, 996
70, 335, 904
65,765, 034
26, 227, 052
20,142 533
11,891, 088
10, 735, 684
3, 494,472
2,237, 907
2, 090, 873
1, 800, 833
610, 262, 215
Total all divisions.7,836, 208, 250.1, 254,693,941 237,908,010 3,101,005,735352, 396, 559 12,782,212,495
Tables are given in the Appendix, pp. 220, showing (1) the amounts
of drafts drawn by national banking associations located in the reserve
cities, upon all banks in each reserve city; (2) similar information in
respect to banks outside of reserve cities; and (3) a tabular statement
showing by geographical divisions the amount drawn by national banking associations in each State, reserve city, and geographical division,
upon each reserve city.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
23
JSTotwithstanding that the total amount of drafts drawn by the national banks of the United States during the year ended June 30,1891,
shows a satisfactory increase over the operations of the year immediately preceding that under consideration, it should be remembered that
the year ended June 30, 1891, has been one of great depression on account of the monetary stringency which prevailed for the greater
part of that period, and the consequent liquidations which have been
in progress. While by far the larger part of the banking business is
conducted through associations belonging to the national system, it is
necessary to take into consideration the operations of banks other than
national in order to arrive at a proper estimate of the magnitude of the
business liquidated through the agency of the banking institutions of
the country.
In the collection of statistics required by the statute the Comptroller
has this year received reports from 4,342 corporations or firms other
than national banks which do a commercial banking business, in whole
or in part. Of these 2,572 are State banks, 171 loan and trust companies, 364 are savings banks having capital stock, and 1,235 are private bankers. These represent a capital of $356,749,315. If the
domestic exchange drawn by these banking institutions bears the same
relation to their capital stock as in the case of national banks, it will
be found that the amount of drafts drawn by banks and bankers other
than national will amount to $6,743,157,040.
In order to arrive at the grand total of domestic exchange drawn by
all the banks and bankers of the United States the following statement
has been prepared, exhibiting the amounts of drafts drawn by—
3,637 national banks, official
4,342 State banks, private banks, etc
Total
$12,782,212,495
6,743,157,040
19,525,369,535
As there are many banks other than national that do not report to
the Comptroller of the Currency, with regard to which no statistics
are accessible, it is probable that the amount estimated as drawn by
these institutions in the above table is understated.
The magnitude of the operations thus indicated illustrates how indispensable banks are to the safe and economical conduct of the business
of the country. This immense total of nearly $20,000,000,000 represents
simply the net balances between various localities adjusted through
the agency of banks, and bears a very small proportion to the gross
transactions which are taking place between the banks and their customers. Some idea can be formed of the magnitude of the total transactions of national banks by consideration of the fact that on the first
day of July, 1890, the receipts by 3,364 national banks of the United
States aggregated $421,824,726. If we take $421,000,000 as the average daily transactions of the national banks, and multiply this by 307
as the number of business days in the year, it will be found that the
total receipts of these banks for a single year would amount to
$129,247,000,000, or a sum greatly in excess of the estimated value of
all the real and personal property of Great Britain and the United
States combined.
When we come to realize with what economy and safety this immense
business is transacted the importance of perpetuating and perfecting
the national banking system can not fail to command attention.
In another part of this report will be found a statement of the average annual losses by reason of the failure of national banks. When
24
REPORT OF THE COMPTROLLER OF THE CURRENCY.
this comparatively small loss is placed against the immense transactions which have taken place through these agencies the conspicuous
fidelity of the associations constituting the system must be recognized
by every impartial observer.
EXAMINATIONS.
The national-bank act was perfected writh great care, and in its provisions were embodied all those salutary restraints which previous legislation and the banking experience of the world for many centuries
had demonstrated to be conducive to the safe and successful conduct
of banks'lorganized for commercial business. The wisdom of those who
were responsible for its preparation has been vindicated by the unexampled success which has attended banks organized under it during
the past twenty-nine years. No system has ever issued notes circulating at par over so wide an area of country, absolutely without loss to
holders; nor has any other afforded such complete security to depositors and creditors.
The administration of this act was committed to a Bureau of which
the Comptroller of the Currency is the chief officer, and all the provisions incident to the organization, supervision, and closing of associations are designed to be executed through the operation of the agency
so created. The duties of the Comptroller of the Currency, as the
chief executive officer, are set forth with great clearness and particularity. So far as the proceedings incident to the organization of new
associations are concerned, up to and including the certificate authorizing them to begin business, they are so conducted as to make it possible
for the Comptroller to personally supervise the details and see that the
law is obeyed.
It is impossible, however, for him to personally visit the various associations after organization is completed and ascertain for himself that
the conduct of their affairs is in every particular in conformity with
law. His information in relation to matters incident to the internal
management of a bank reaches him through two channels. First,
through what are known as " reports of condition," which are required
to be made by each association, upon call of the Comptroller, for some
past date, at least five times a year, and, secondly, through reports
made by national-bank examiners. Eeports of condition are made
upon the oath or affirmation of the president or cashier, attested by at
least three directors, and are required to be published in some newspaper issued in the locality where the bank is situated.
The report prepared in these cases is substantially a trial balance
from the general ledger, under such classifications as the Comptroller
directs, showing in detail the entire resources of the association upon
the one Land, and its entire liabilities upon the other. If. correctly and
honestly made, these published reports afford to the shareholders and
creditors of the association an opportunity to form a reasonably correct
judgment as to its solvency, its earnings, and the value of its shares.
Certain schedules accompany these reports, which are designed to
disclose such facts as will indicate whether or not any provision of
the national-bank act has been violated. This system of reports,
especially so far as it applies to banks under honest management, is no
doubt to a certain degree effective in preventing unwise and unlawful
acts on the part of those directly charged with the management.
As severe penalties are imposed upon any officer or employ £ who
makes or aids or abets others in making any false report or statement
REPORT OF THE COMPTROLLER OF THE CURRENCY.
25
of the association with, intent to defraud or deceive, even those whose
honesty may be brought in question are constrained through fear to
make truthful reports. It sometimes occurs, however, that banks fall
under the management of those who are utterly wanting in integrity
and are undeterred by the penalties of the law. Occasionally the
active officers of the bank enter into such collusion as renders it comparatively safe, in their opinion, to make reports which are designed
to cover up unlawful practices, and to either overstate the value of the
bank's resources, or understate its liabilities, so that the published reX>ort thus made serves to grossly deceive those for whose benefit the
publication has been wisely ordered.
As banks under honest management are usually conducted in obedience to law, it is clear that the value of governmental supervision is determined by the success it may achieve in ascertaining facts hidden from
view by bank managers whose purpose it is to keep from the knowledge
of the Comptroller conditions which might involve impairment of capital,
insolvency, or criminality. The agency provided by law for ascertaining with greater certainty the condition of these associations is through
the periodical visits of examiners appointed for the purpose.
The authority for the appointment of national-bank examiners is
found in section 5240 of the Eevised Statutes of the United States,
wherein it is provided that—
The Comptroller, with the approval of the Secretary of the Treasury, shall, as
often as shall be deemed necessary or proper, appoint a suitable person or persons
to make an examination of the affairs of every banking association, who shall have
power to make a thorough examination into all the affairs of the association, and,
in doing so, to examine any of the officers and agents thereof on oath; and shall
make a full and detailed report of the condition of the association to the Comptroller.
This brief paragraph contains the only provision of law for the appointment of national-bank examiners, and is the only place where
his rights, powers, and duties are set forth. It is apparent that
these examiners were to be the confidential agents of the Comptroller,
and as such to have such duties and to exercise such powers, within
the law, as the Comptroller might from time to time direct.
As has been said, these examiners have always been regarded as the
confidential agents of the Comptroller, and the various communications
and reports transmitted by them to him have always been considered
as confidential and privileged.
The relations existing between the Comptroller and his examiners
is of such a character that they must necessarily possess his entire
confidence. Any information which might lead him to entertain a reasonable doubt as to the skill or integrity of an examiner would make
it his duty to immediately suspend him, even though the information
might be of such a character as could not be substantiated by competent proof, or of such a confidential nature as would make it necessary for the Comptroller, to withhold the character of the charges from
the examiner himself. The Comptroller would be derelict in duty who
would continue to employ the services of an examiner who had so conducted himself as to impair that complete confidence which must from
the necessities of the case exist on the part of his superior officer.
Inasmuch as the original purpose of those who framed the nationalbank act was to make a market for the securities of the United States,
to provide notes for circulation, and to create fiscal agencies for the
service of the Government, it is fair to presume that they had in view
26
REPORT OF THE COMPTROLLER OF THE CURRENCY.
such, an examination as would enable the Comptroller to ascertain
whether or not the various provisions of law had been complied with,
and to see that the interests of the Government were protected, so far
as they were involved in deposits of public moneys or the issuing of circulating notes.
Among other requirements the national-bank act provides that the
capital stock of an association shall be fully paid in cash, and that each
director shall be a citizen of the United States and the bona fide owner
of at least ten shares of the capital stock; that loans shall be made only
on personal security; that real estate, when lawfully held, shall be disposed of within the period of five years; that a list of shareholders shall
be correctly prepared and kept subject to the inspection of creditors
and shareholders; that a reserve of lawful money shall be held against
deposits; that dividends shall not be made until earned; that loans to
any one person, corporation, or firm shall not exceed in amount 10 per
cent of the capital paid in; that the liabilities of the association under
section 5202 of the Eevised Statutes of the United States shall not exceed the amount of its capital stock actually paid in; that checks shall
not be certified in excess of the drawer's deposit, and that loans shall
not be made while the lawful money reserve is deficient.
It would seem to be the duty of an examiner in making an official
visit to an association to ascertain whether or not these requirements
had been fully complied with and to report any disobedience of these
provisions of law brought to his attention. He is also expected upon
occasion to ascertain and report to the Comptroller as to whether or
not the latter can properly approve a proposed increase or reduction of
capital, and as to the propriety of permitting an association desiring to
do so to extend its corporate existence or go into voluntary liquidation.
Inasmuch as the Comptroller is authorized to require any association
whose capital becomes impaired to pay the deficiency by assessment
upon its shareholders and to appoint a receiver to close up its business
in case it fails to make good its capital within three months after being
notified so to do, and inasmuch as the Comptroller is further authorized
to appoint a receiver for any association which he shall become satisfied
is insolvent, it would appear to be the duty of an examiner to not only
ascertain but verify the liabilities and resources of an association and
make such an estimate of the value of the latter as will enable the
Comptroller upon his report to determine with reasonable certainty
whether or not impairment of capital or insolvency exists.
So far as can be deduced from the provisions of the act under which
national-banking associations are organized and operated, an examiner's duties are al)ove substantially set forth. In the letter of instructions addressed to examiners, and upon the blank reports furnished
for their use are found directions covering the requirements of the law
as above expressed. Much, however, must be left to the discretion and
intelligence of the examiner himself. No cast-iron rules, covering minute
details, can be issued to examiners as a class, for the reason that what
would be practicable, proper, and necessary in the case of a small bank
located in some obscure hamlet, would not be applicable in the case of
a large association in a central reserve city.
As a rule examiners find the greatest difficulty in so directing their
efforts as to ascertain whether or not impairment or insolvency exists.
They are directed to verify every credit and debt balance, to personally
count the cash, and to list and verify the loans and discounts and other
assets of the association. This verification can not, of course, be exhaustive, for the reason that the compensation awarded examiners by
REPORT OF THE COMPTROLLER OF THE CURRENCY.
27
law would not cover the-time necessarily employed to this end. Nor
would national banks, as a class, be willing to surrender their books
and suffer interference with their business for a sufficient length of
time to permit the examiner to make a complete audit of their affairs,
even if they were willing to submit to the expense necessarily attending it.
The liabilities of a bank are represented to a large extent by pass
books in the hands of a multitude of depositors, by drafts issued to a
large number of purchasers and by them transmitted to distant points,
a large amount (several days' issue at least) always being in transit
and unpaid; in certificates of deposit and other like evidences of indebtedness held by persons unknown and inaccessible to the examiner,
in balances due to other banks, and in bills payable and rediscounts,
usually in the hands of distant correspondents of the association.
It is obvious, therefore, that it would be absolutely impracticable for
the examiner to make such a complete verification as would demonstrate beyond question that the entries stating these liabilities upon
the books of the bank precisely correspond with the amounts represented by these various evidences of indebtedness. Some of these
accounts may in a certain degree be verified by correspondence with
the distant creditors, but to call in all the pass books, certificates of
deposit, and drafts in transit would be obviously impracticable.
The examinations, and reports based thereon, have undergone a
gradual process of evolution during the more than quarter of a century that the national-banking system has been in existence. From
year to year the attention of the Comptroller has been called to new
and novel devices adopted by those who sought to cover up their criminality or prevent the discovery of serious losses. This has led to increased vigilance upon the part of examiners and to the adoption of
such measures as would, so far as possible, prevent the success of such
devices in the future. So, under the exigencies of the service the
scope and details of examinations have undergone gradual transformation and enlargement, making them more and more effective and valuable as the age of the system and experience in the wiles of dishonest
bank officials increases.
The small losses suffered by creditors of national banks in- the past
have led some part of the general public to feel that governmental
supervision should bo of such a character as to absolutely prevent these
associations from becoming insolvent and that in case such failures
occur those charged with the administration of the law are necessarily
derelict in duty. It is apparent, however, that such is very far from
being the case. It will be observed that the duties of the Comptroller,
and in some sense the examiners, are largely negative; that the law consists in large part of necessary limitations and restrictions upon the
operations of the associations organized under its authority. The
Comptroller is therefore mainly charged with the responsibility of indicating to bank managers what they shall not do.
The affairs of each association are, however, wisely placed under the
control of a board of directors elected by the shareholders, which is alone
vested with the power to direct its management. It is apparent that it
would be impracticable for any Bureau of the General Government
to undertake to participate to any degree in the receiving of deposits,
in the making of loans, and in the thousand details incident to the
management of each particular bank. It would be in the highest
degree unfortunate and unwise for the Government to attempt to
28
REPORT OF THE COMPTROLLER OF THE CURRENCY.
usurp in any manner the duties which are and must be devolved
upon the representatives of the shareholders of the various banks —
upon its directors and officers.
That the limitations and restraints imposed by the national-bank
act, supplemented by the periodical reports required and published,
have done much to promote the success of the banks constituting the
national system, and the security of the various creditors is demonstrated
by its history. It is, however, indisputable, and conceded by all those
informed as to the facts, that the system of examinations provided for
in the brief paragraph quoted at the beginning of this article is of paramount importance and absolutely indispensable to the conspicuous
success which has attended the operations of these associations from
the inauguration of the system.
The officers directly in charge of the various banks and the employes
to whom are committed the details incident to the proper conduct of
the business, are actuated by the same motives which inspire humanity
generally and are subject to the same temptations and the same
ambitions. In the opinion of the Comptroller, every such officer and
employe will admit that the expected * visit of a skilled examiner who
is to inspect and criticise the work upon which he is engaged incites
him to greater diligence, promptness, and accuracy, tends to deter him
from entering upon operations inconsistent with good banking, and
strengthens him in his efforts to overcome those temptations to disobey
the law which come to every bank manager through the pressure ot
customers in the most varied and insidious forms.
That the visits of an examiner should be always welcome to those
in charge of a bank is not to be expected. Those, however, who are conscious of having discharged their duties with fidelity and ability gladly
welcome the inspection of an expert who can properly appreciate the
results of their faithfulness. The officer in charge who earnestly desires
an honorable and successful career will gladly accept the services of
one who can aid him in verifying the various accounts of the bank and
in establishing the fidelity and ability of those subordinates who are entrusted with the details of business. The directors of any association
who are disposed to fulfill the important duties imposed by law and
to merit the confidence reposed in them by their shareholders, hail with
pleasure the visit of one whose sole object is to reinforce their efforts
to contribute to the safety and success of the institution which has
been committed to their care and direction.
Unfortunately dereliction of duty on the part of directors is the chiel
cause of failure upon the part of corporations generally and of national
banks particularly. It is this inattention to duty upon the part of
those chosen to represent the shareholders in the management of national banks which has made the visits of the examiner an absolute
necessity.
It has become a habit on the part of the general public whenever the
failure of a national bank occurs to at once challenge the integrity or
skill of the examiner charged with its supervision, oblivious of the fact
that Ms energy, his experience, and his devotion to duty may have pre-.
vented the failure of a score of more or less embarrassed institutions
as to whose mismanagement they are of necessity entirely uninformed.
The bank examiner as a rule faithfully discharges his duty. Every
disobedience of law, and everything indicating impairment of capital,
insolvency, or criminality are in most instances faithfully reported to
the Comptroller of the Currency. In every such case the Comptroller
applies the remedy named in the law. If the report indicates a minor
REPOKT OF THE COMPTROLLER OF THE CURRENCY.
29
disobedience of law or of tlie rules of sound banking, caution or .reproof
is administered. If impairment of capital is indicated he immediately
issues a notification that it be made good by assessment upon the shareholders. In case insolvency is shown to his satisfaction a receiver is
appointed.
The great service performed through the agency of bank examiners
consists largely, however, in meeting dangerous and unlawful practices at the threshold. The number of cases of this kind which have
been arrested at the beginning, and severe loss, if not insolvency, prevented by the prompt and timely action of bank examiners is very
great, although necessarily unknown to the general public, and hence
unappreciated by those whose interests have been protected.
The Comptroller feels the need continually of one or more supervising examiners of approved skill and unquestioned integrity who might
visit the various examiners in the field and bring the work into greater
uniformity and in many ways increase its efficiency. Although the instructions are explicit and the blanks so arranged as to constantly remind these officers of what a complete examination should consist, yet
the Comptroller can not always feel assured that these are fully understood and faithfully obeyed. And, again, when failures multiply and
exigencies arise making extra precautions necessary, the services of
one or more conspicuously capable examiners who are not permanently
assigned to any particulary district would be invaluable.
The Comptroller also calls attention to the fact that assistant examiners are needed in all the large cities, and that no such office now exists.
He therefore recommends that the law be so amended as to provide
for the appointment of not more than three supervising examiners who
shall receive an annual salary to be paid from the public funds; that
the Comptroller be empowered to appoint as many assistant examiners
as may in his judgment be necessary, to be paid such compensation as
maybe fixed by the Comptroller from the fees of the examiners by whom
they are employed.
That each supervising examiner, examiner, and assistant examiner
be required to take an oath before entering upon the discharge of his
duties, and also to give bonds in such amount and with such sureties as
may be satisfactory to the Comptroller.
CERTIFICATES OF STOCK.
Section 5139 of the Eevised Statutes of the United States provides
that "The capital stock of each association shall be divided into shares
of one hundred dollars each, and be deemed personal property, and
transferable on the books of the association in such manner as may be
prescribed in the by-laws or articles of association."
The reports of examiners indicate that too little care is taken in the
transfer of stock and in the issuing of certificates. In many cases
boards of directors neglect to prescribe in the by-laws the manner in
which the transfers are to be made, and, as a rule, the articles of association are silent upon the subject.
In other instances the by-laws set forth in general terms the manner
in which such transfers shall be effected, but it is frequently found
that they are not obeyed, and that the transfers are of a very irregular
character, and in many cases not lawfully executed. In some banks
no stock ledger is found; in others, certificates are signed in blank and
left for some subordinate to fill out and deliver when occasion shall require. In other banks certificates surrendered for transfer are not
30
REPORT OF THE COMPTROLLER OF THE CURRENCY.
properly cancelled and preserved, and in newly organized banks they
are occasionally issued to shareholders prior to their having paid in
full for the same. Where banks are increasing their capital, certificates are sometimes issued before the increase has been submitted to
and approved by the Comptroller.
These are a few examples of irregular practices on the part of banks
which have been brought to the attention of the Comptroller by recent
examinations.
The shareholders of national banks are its proprietors and' the certificates of stock issued to them are the evidence of their proprietorship.
The importance of preserving the record of such ownership is evidently
not sufficiently appreciated. While it is true that overissues of stock
are comparatively infrequent it is nevertheless the fact that examiners
often find difficulty in verifying trial balances taken from stock ledgers.
While in most cases this is simply an evidence of carelessness and lack
of system, yet, the examiner can not always be sure that the future
may not develop that a more serious condition exists.
One remedy suggested for this state of things is that all transfers of
stock be registered by a corporation acting in the capacity of an
agent for that purpose. This is a very valuable safeguard, and is comparatively convenient and inexpensive for banks situated in large cities.
This plan is certainly worthy of investigation by all boards of directors,
and it is recommended to their favorable consideration. The added
value attached to shares by reason of this registration would, in the
opinion of the Comptroller, exceed the slight cost which such registration would involve. As the system is, however, largely composed of
banks with small capital, located outside of the larger cities, in a great
majority of cases this plan would not be deemed feasible, and therefore
the remedy, so far as it applies to the system generally, must be found
in the greater care and activity of the directors of the several associations. They should first see that proper by-laws regulating the transfer
of shares are adopted. Proper books should be furnished for recording
the transfer of shares, in accordance with the terms of the by-laws, and
provision made for the frequent examination of the certificate book,
stock ledger, and transfer book by a committee charged with this special
duty.
The signing of certificates in blank should be forbidden, and great care
should be exercised in the cancellation and preservation of surrendered
certificates. As it is important in the enforcement of the individual liability of shareholders in the case of insolvent banks whose assets prove
insufficient to pay their debts that the question of proprietorship
should be definitely determined, it is recommended that a receipt be
taken from each shareholder upon delivery to him of the certificate
representing the stock of which he is the owner.
OFFICERS AND DIRECTORS AS BORROWERS.
While the failures of the year just closed have been in large part due
to well-defined causes, which have been operating with moro or less
severity in all parts of the civilized world, supplemented by the local
influences to which allusion has been made, it is evident that some
features of the more important ones are suggestive of needed changes
in the national-bank act. In almost every instance an investigation
of the affairs of an insolvent bank discloses the fact that the officers
and directors have too freely used the funds of the association for their
own purposes, either in a lawful or unlawful manner.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
31
The facility with, which the active officers of a bank may borrow its
funds seems to make it necessary that some added restriction shonld
be placed upon transactions of this kind.
In the organization of a national bank those who contribute the funds
which constitute its capital should dedicate the same to the business
of banking, and not to the creation of an instrumentality through which
they may proceed to borrow to an amount largely in excess of the sum
contributed by them to the original capital.
The principal limitation as to loans and discounts is found in section
5200 of the Eevised Statutes of the United States, which reads as
follows:
The total liabilities to any association, of any person, or of any company, corporation, or firm, for money borrowed, including in the liabilities of a company or
firm the liabilities of the several members thereof, shall at no time exceed one-tenth
part of the amount of the capital stock of such association actually paid in. But
the discount of bills of exchange drawn in good faith against actually existing
values, and the discount of commercial or business paper actually owned by the
person negotiating the same, shall not be considered as money borrowed.
This limitation is found to be wholesome in its general application,
but recent events indicate that additional safeguards are needed.
In my opinion some limitation should be placed upon the amount of
commercial or business paper which may be discounted by an association for any person, company, corporation, or firm, and a similar restriction should be placed upon indirect liabilities resulting from guaranty
or endorsement. If it is deemed necessary to limit direct loans to 10
per cent of the capital paid in it would for the same reason follow that
indirect liabilities should be subject to some limitation. Just what the
extent of the restrictions should be is not so easily determined, but, in
my judgment, the direct and indirect liabilities, in the case of a director,
should not exceed 20 per cent of the capital paid in.
The active officers of the bank, who are charged with the custody ot
its assets and the handling of its funds, should not, in my opinion, be
permitted to appear as borrowers or become in any way liable to the association with which they are connected. While this might work hardship in exceptional cases it would without doubt add greatly to the security of the creditors of the banks as a whole. It would be unwise to
forbid an association to loan to or discount for its several directors, as
they are usually selected from among the leading men in the various
branches of business, for the reason that they possess information which
is of great value in passing upon paper offered by those engaged in
the same line of trade with themselves.
There seems to be no serious objection, however, to placing some
limit upon their indirect as well as direct liabilities. The Comptroller,
therefore, takes this opportunity to recommend that the active officers
of a bank be excluded from incurring liabilities to the association
with which they are connected, and that the direct and indirect liabilities of a director be confined to 20 per cent of the paid-up capital,
leaving the limitations contained in section 5200 United States Eevised
Statutes intact. The Comptroller is also of opinion that the publication of the liabilities of officers and directors would afford a valuable
safeguard.
The Comptroller also desires to call attention to the fact that no suitable penalty is provided by law for violations of section 5200 United
States Eevised Statutes.
Aside from the power to bring suit for forfeiture of franchise under
the general provisions of law laying the groundwork for enforcing the
32
REPORT OF THE COMPTROLLER OF THE CURRENCY.
liability of directors, the Comptroller is without the power to enforce
obedience to the limitations of the section quoted. The remedy provided is so severe as to make it entirely useless, no Comptroller having
ever brought suit to forfeit the franchise of an active bank. The reason
for this is obvious, as such a j>roceeding would destroy the bank,
thereby greatly aggravating instead of affording a remedy for the evil
complained of. The Comptroller should be empowered by law to inflict
such a penalty, by way of fine or assessment, as would make excessive
loans highly unprofitable, and yet not so severe as to prevent its being
promptly and invariably imposed in every case brought to his notice.
BONDS OF BANK OFFICERS.
Circumstances attending recent failures have served to call the attention of the Comptroller to the fact that much greater care should be
exercised by boards of directors in the matter of the official bonds of
the officers and employes of their several banks.
The general verdict of those most experienced in the management of
banks is in favor of requiring official bonds from all who occupy
places of trust, and especially those who handle cash or convertible
securities. Under the national-bank act it is left discretionary with
boards of directors whether or not they shall require official bonds.
This matter should be taken up, fully discussed, and definitely decided
by each board of directors.
At the time of organization the matter usually has attention and
certain requirements are decided upon but are inefficiently carried out.
Frequently the by-laws of an association contain all that is necessary
in relation to bonds, but the reports of bank examiners disclose the fact
that these by-laws often become obsolete by reason of inattention to
their enforcement.
There are various phases of this subject which should be considered
by those responsible for the management of a bank. In the first place
it is necessary that the board of directors should decide as to the particular officers and employes who shall give official bonds and determine
upon the amount in each case. Ordinarily this covers the entire action
of the board in relation to the matter. This, however, does not constitute the full measure of their duty. Great care should be taken in preparing the form of the bond required so that in case it becomes forfeited the penalty can be enforced. Not only should the form of the
bond have careful attention but its terms should be such as to cover
not only criminal acts but such as involve a lack of due diligence on the
part of the officers or employes.
In this connection it is proper to say that the Comptroller is in receipt
of information, from a source which entitles it to the highest consideration, that bonds are habitually offered and frequently accepted which
guarantee the bank only against such misconduct of the officer as amounts
to embezzlement or larceny and do not secure it against gross carelessness or against connivance at or the overlooking of its spoliation by
others.
This warning should be heeded and every board of directors should
promptly order an examination of all official bonds in their custody by
competent counsel so that their bank may not suffer through their
neglect when an exigency arises.
Again, it is important that the sureties should be of such a character
as to insure the collection of the penalty in case of forfeiture. If the
surety is an incorporated company, as is common now? its solvency
REPORT OF THE COMPTROLLER OF THE CURRENCY
33
should be fully ascertained, and the necessary information procured as
to its right to enter into such a contract under its charter. It is also
important that this class of bonds should be examined with especial care
as to whether they are broad enough in their terms to properly protect
the bank in case of the unfaithfulness of the principal.
In case natural persons are accepted as surety similar care should
be exercised. No one should be accepted as surety upon such a bond
whose responsibility for the penalty is not fully established. In addition
to this it is well to reject all those who are not of such high character
and established integrity as to unhesitatingly meet any losses which
may occur, regarding it as a moral as well as a legal Obligation.
It is quite frequently the case that a bond prepared and executed,
with satisfactory sureties, is found in the custody of or accessible to
the identical officer for whose faithful performance of duty it is the
bank's only security. It is the duty of every board of directors to see
that the custody of these bonds is committed to those who can have no
interest in their becoming mislaid or destroyed, and who will faithfully
keep and produce them when wanted.
The bond having been properly prepared and executed, signed bysureties known to be responsible and deposited in secure hands, it
remains for the board of directors to make a periodical examination in
order that their existence and safety may be verified, and for the further
purpose of ascertaining that the security once deemed satisfactory has
not become impaired by death, removal, insolvency, or some other cause
which would put the interests of the bank in jeopardy.
At the regular, annual visit of the examiner inquiry is made as to
whether the by-laws require official bonds, and if so whether or not they
have been executed in accordance therewith, and also as to their custody.
He is instructed to call the attention of officers to any circumstances
developed by his examination which would tend to impair the security
of the association. His suggestions in relation to this matter, however,
are usually necessarily made to the active officers of th& bank, who are
the identical persons from whom official bonds are required. It is often
impracticable for him to call the attention of the board of directors of
the bank to the necessity for the desired action in a given case.
The danger lurking here is greatly aggravated by the fact that, as a
rule, the active officers possess the unbounded confidence of the board
of directors, and this confidence generally remains unshaken until the
commission of some act which makes necessary a resort to the sureties
upon the official bond.
Unless the precautions above alluded to have had attention prior to
the discovery of the unfaithfulness of the trusted officer or employe*
the directors awaken too late to the fact that they have been derelict in
duty.
J1167
3
34
REPORT OF THE COMPTROLLER OF THE CURRENCY.
CLOSED NATIONAL BANKS.
The following statement exhibits the title, capital, and circulation issued, redeemed, and outstanding of associations which were closed to
business during the year ended October 31, 1891. Of these 66 associations 41 went into voluntary liquidation and 25 into the hands of receivers.
NATIONAL BANKS CLOSED DURING THE YEAR ENDED OCTOBER 31, 1891,
STATE AND TERRITORY, WITH CAPITAL AND CIRCULATION.
Name ami location of bank.
Date of
authority to
commence
business.
Date
of closing.
Capital
stock.
First National Bank of Meado
Center, Kans
| May 5,1887 Oct. 17,1890
$50,000
Sandy River National Bank of |
Farmington, Me
| Mar. 16,1865 Nov. 1,1890
75, 000
First National Bank of Alma,
Kans
| Aug. 3,1887 Nov. 10,1890
75,000
First National Bank of BelleAug. 28,1885 j Dec. 2,1890
ville, Kans
50,000
German American National
Bank of Kansas City, Mo — Sept. 24,1887 I Dec. 5,1890 250, 000
American National Bank of
Arkansas City,
Kans
300,000
Mar. 15,1889 Dec. 8,1890
^ii&auaas
v^iiry, ivniia
Spokane National Bank of SpoJan. 24,1888
kane Falls, Wash
First National Bank of Hill
July 25,1887
City,Kans
German N a t i o n a l B a n k of
Jan. 18,1871
Evansville, Ind.
City National Bank of HastDec. 27,1883
ings,
Nebr
ngs
People's
opL National Bank of FayJune 27,1872
etteville, N. C
First National Bank of FrankNov. 3,1882
fort, Kans
Farmers' and Merchants' National Bank of Yandalia, 111.. Jan. 31,1871
Second National Bank of O wosNov. 14,1885
so, Mich West Side National Bank of !
Wichita, Kans
July 19,1887
Anthony National Bank of An- I
thony, Kans
Sept. 16,1885
Union National Bank of Oshkosh, Wis
Feb. 9,1871
First National Bank of Ellsworth, Kans
Sept. 11,1884
Mercantile National Bank of |
Louisiana, Mo
Jan. 19,1884
Commercial National Bank of
May 8,1878
Rochester, N. Y .
National Bank of Eldorado,
Aug. 22,1883
Kans .
First National Bank of Suffolk,
Va.
May 25,1889
Citizens' National Bank of
Medicine Lodge, Kans.
Nov. 30,1886
Rome National Bank of Rome,
Ga.
July 15,1890
Windsor National B a n k of
Windsor, Vt.
Oct. 18,1884
Beadle County National Bank
of Huron, S. Dak
June 30,1883
Pratt County National Bank
of Pratt* Kans.
Sept. 8,1887
National Bank of Chester, S. C.. Mar. 22,1871
Second National Bank of MePherson, Kans.
Sept. 16,1887
American National Bank of
Sioux City, Iowa
Nov. 14,1888
Keystone National Bank of
Philadelphia, Pa
July 30,1875
United States National Bank
of Atchison, Kans
Dec. 30,1886
Merchants' National Bank of
Binghamton, N. Y
Feb. 24,1874
IN EACH
Circulation.
Issued.
ReOutdeemed. standing.
$10,750
$4, 470
$6, 280
58, 260
13, 602
44,658
16,875
6,830
10,045
11,250
4,850
6,400
45, 000
12, 600
32,400
45,000
45, 000
Dec. 18,1890
100, 000
21, 700
Dec. 20,1890
50, 000
10,750
3,410
7,340
Dec. 24,1890
250,000
.98, 030
12,810
85, 220
Dec. 27,1890
100,000
22,500
6,250
16,250
Dec. 31,1890
125, 000
28,800
9,385
19,415
Jan. 8,1891
100, 000
22,500
6,422
16,078
Jan. 10,1891
100,000
22, 500
5,410
17, 090
Jan. 13,1891
60,000
13,500
4,400
9,100
100,000
22,500
6,490
16,010
....do
....do
Jan. 23,1891
21,700
50,000
10,750
1,920
8,830
200, 000
45, 000
10, 430
34,570
7,980
Jan. 26,1891
50, 000
10, 750
2,770
Jan. 27,1891
50,000
11, 250
2,960
8,290
200,000
41,820
11, 590
30, 230
7,560
....do
9,1891
50, 000
10,745
3,185
Feb. 12,1891
50,000
11,250
2,940
8,310
Feb. 19,1891
50, 000
11, 250
3,000
8,250
Feb. 23,1891
100, 000
22,500
6,740
15,760
Feb. 24,1891
50,000
22,500
5,820
16,680
Feb. 26,1891
100,000
22,500
3,960
18,540
.do .
Mar. 2,1891
50,000
150, 000
11,250
33,250
9,290
11,250
23, 960
50, 000
11,250
2,720
8,530
150,000
33,750
8,430
25,320
Feb.
....do
Mar. 12,1891
Mar. 20,1891
500,000
41,180
Mar. 24,1891
250,000
45,000
10,400
34, 600
....do
100,000
6r, 638
11,940
49,698
41,180
REPORT OF THE COMPTROLLER OF THE CURRENCY.
35
NATIONAL BANKS CLOSED DURING THE YEAR ENDED OCTOBER 31, 1891, IN EACH
STATE AND TERRITORY, ETC.—Continued.
Name and location of bank.
Washington National Bank of
the city of New York, N. Y..
First National Bank of Ashland Kans
Spring Garden National Bank
of Philadelphia, Pa
First National Bank of Burr
Oak, Kans
First National Bank of Eed
Cloud, Nebr
Glenwood National Bank of
Glen wood Springs, Colo
First National Bank of Cardiff,
Tenn
National City Bank of Marshall, Mich
First National Bank of Grand
Haven, Mich
Central Nebraska National
Bank of Broken Bow, Nebr ..
Florence National Bank of
Florence, Ala
East Saginaw National Bank of
East Saginaw, Mich
Twin City National Bank of
New Brighton, Minn
Red Cloud National Bank of
Eed Cloud, Nebr
First National Bank of Merced,
Cal
National Bank of Union
County, Morganfield, Ky
Asbury Park National Bank of
Asbury Park. N. J
Ninth National Bank of Dallas,
Tex
Citkens' National Bank of
Yatesville, Tex
Citizens' National Bank of
Belton, Tex
Second National Bank of Aurora, 111
First National Bank of Kansas City, Kans
First National Bank of Palatka,Fla
.".
Farley National Bank of Montgomery, Ala
Ord National Bank of Ord,
Nebr
First National Bank of Indianola, Nebr
National Bank of Anderson,
SC
Eio Grande National Bank of
Laredo, Tex
First National Bank of Coldwater, Kans
First National Bank of Flushing, Mich
First National Bank of Clearfield, Pa
First National Bank of Francestown, N. H
Columbus National Bank of
New York,N.Y
Date of
authority to
commence
business.
Date
of closing.
Circulation.
Capital
stock.
Redeemed
Outstanding.
$45,000 $12, 310
$32, 690
Issued.
June 5,1890 Apr. 13,1891
$300, 000
May 20,1887 Apr. 15,1891
50, 000
11,250
8,1891
750,000
45,000
May
5,1888 May 15,1891
50,000
11, 250
Nov.
8,1882 May 22,1891
75, 000
16, 225
June 13,1887 May 23,1891
Mar. 13,1886 May
2,510
8,740
16, 225
100, 000
22, 500
2,940
50,000
11, 250
1,460
July 29,1872 June 3,1891
100, 000
44,000
July 25,1871 June 5,1891
200,000
45,000
Sept. 28,1888 June 12,1891
60,000
13,500
Oct.
8,380
45, 000
8,1890 May 25,1891
May
19,560
9,790
44,000
9,112
35,888
13,500
3,1889 June 22,1891
100, 000
12, 900
Feb. 13,1884 June 23,1891
150, 000
33,750
2,310
31,440
1,250
10,000
37,690
May
12,900
7,1890 . . . . d o
50,000
11, 250
May 10,1884 June 26,1891
75,000
16,875
June 23,1887 June 30,1891
200,000
43,400
5,710
10,845
Dec.
16,875
3,i874 . . . . d o
100,000
88,090
Sept. 17,1887 July 1,1891
100,000
20,700
20,700
Sept. 12,1890 . . . . d o
Aug. 5,1890 . . . . d o
Nov. 30,1889
.do
300, 000
45,000
45,000
50,000
11,250
50,000
Dec. 27,1871 July ] 3,1891
100,000
77,245
1,490
9,760
10, 750
980
9,770
22, 500
1,780
May 17,1887 July 16,1891
150,000
33,750
July 15,1884 July 17,1891
150, 000
33,750
Dec. 18,1889 A u g . 31,1891
100,000
22, 500
20,720
33,750
100
33,650
22, 500
Apr.
7,1886 A u g . 22,1891
50,000
11, 250
Apr.
8,1886 A u g . 31,1891
50, 000
11,250
10,427
Dec. 20,1872 Sept. 1,1891
50, 000
14,050
13,3C0
Oct. 28,1889 Sept. 14,1891
100,000
22,500
22,500
52,000
11,200
11,200
May
9,1887 Sept. 21,1891
May 26,1882
1,070
10,180
...do.......
50,000
11, 250
11,250
Jan. 30,1865 Sept. 29,1891
Nov. 19,1864 Oct. 10,1891
100,000
85, 340
85,340
100,000
61,135
61,135
Jan. 27,1891 Oct. 15,1891
200,000
45,000
45,000
8,147,000 1,851,963
Total.
2,870
253,274
RESUMPTION OF BUSINESS BY CI OSED BANKS.
A conspicuous feature of the operations of this Bureau for the report
year has been the resumption of business by banks which had voluntarily closed their doors to business.
36
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Ordinarily the closing of a national bank serves to so greatly impair
its credit as to render its resuscitation both impracticable and undesirable. In most cases the dishonesty or mismanagement which necessitates the closing of its doors causes such an impairment of confidence
as to prevent the bank, even under new and. competent management,
from regaining its former position and securing the necessary support
from the general public.
Ordinarily it is deemed better to organize a new association, with an
entirely new title, than to endeavor to reopen one which has been closed.
Occasionally, however, it occurs that the closing of a bank may result
from causes which neither seriously affect its credit nor greatly impair
its capital. In some such cases the confidence of the community is not
withdrawn, and the good will of the association, which may have had
a long and honorable career, is deemed by its shareholders worthy of
preservation.
It has been the policy of the Comptroller in every such case to encourage the adoption of measures that would enable him to withdraw
the examiner or receiver and permit the bank to resume business at as
early a date as possible. He has, however, invariably made it a condition precedent that the affairs of the association should be put in a
satisfactory condition. This would imply that its capital should be
unimpaired, that its cash should be substantially equal to its demand
liabilities, and that all doubtful and worthless assets should be eliminated; that all its affairs should be placed in strict compliance with
law and such changes made in its board of directors and officers as
would exclude those who had been guilty of mismanaging its affairs,
and generally such measures enforced as would insure a prudent, conservative, and law-abiding course in the future.
This policy has only been adopted in cases where the Comptroller was
led to believe that the conditions were, to a marked degree, favorable
to a successful future career.
The failure of a bank is always a calamity, even where the assets of
the failed institution are sufficient to ultimately pay in full its liabilities.
The delay necessarily incident to converting these assets into cash and
dividing them among the several claimants is the cause of much inconvenience and loss to a large number of depositors.
A national bank is organized for the purpose of conducting a commercial business, and is ordinarily the depositary for the current cash
receipts of persons engaged in every form of manufacturing, industrial,
and commercial business. Most of these enterprises are conducted with
capital barely sufficient to form a basis of credit, the latter being mainly
relied upon and of, by far, the greater importance. Every such firm
engaged in business is liable to have its credit destroyed by the locking
up of its cash resources, resulting in the dishonoring of its paper and
subsequent failure.
All classes, however, are represented among the creditors of these
insolvent banks. The desire to find a safe depository for funds temporarily idle moves all alike. The rich and the poor, young and old,
capitalist and laborer, all appear as claimants.
An investigation of the affairs of an insolvent bank invariably discloses cases of peculiar hardship and frequently brings to light such
misfortunes as are calculated to arouse the sympathies of the most indifferent. It is therefore a matter of great importance to the creditors
of a failed association that their balances be made available at the
earliest date practicable.
m
REPORT OF THE COMPTROLLER OF THE CURRENCY.
37
Not only are the creditors of a failed association greatly benefited
by its being speedily reopened for business but shareholders also, for
it is a well-established fact that the assets of such an association are
much more valuable to it as an active bank than if in liquidation or
in the hands of a receiver.
As a result of the policy outlined above six national banks, which
closed their doors to business, possessing an aggregate capital of
$2,225,000 and having liabilities amounting to $3,756,362, have been
permitted to resume business since the 1st day of January, 1891. One
other bank, closed by order of the Comptroller, having a capital of
$300,000 and liabilities amounting to $622,221, was permitted to go into
voluntary liquidation, the directors and principal shareholders of the
bank having provided the necessary funds to meet all liabilities.
The following table gives the title of these banks, date of closing,
date of resumption, and amount of capital and liabilities.
PERMITTED TO RESUME BUSINESS.
Name and location of bank.
Newton National Bank, Newton, Kans
First National Bank, Texarkana, Tex
Farmers' and Merchants' National Bank,
Clarksville Tenn
Huron National Bank, Huron, S. Dak
American National Bank, Kansas City, M o . . .
Merchants' National Bank, Fort Worth, Tex..
Date of
closing.
Date of
resumption.
1890.
3297 Nov. 20
3065 Dec. 1
1891.
July 1
Jan. 19
$200, 000
100, 000
$264,529
226,693
3241 Dec. 10 SApr. 20
8267 Dec. 16 Jan. 3
1891.
3544 Jan. 19 Mar. 31
3631 July 20 Sept. 26
100,000
75,000
1, 250,000
500,000
'141,607
177,540
2, 359,247
586, 746
2, 225,000
3, 756,362
Charter
No.
Total
Capital.
Liabilities.*
PERMITTED TO GO INTO VOLUNTARY LIQUIDATION.
Washington National Bank, New York, N. Y .
1891.
4335 Mar. 24
1891.
Apr. 13t
$300,000
$622,221
* Exclusive of capital, surplus, earnings, and circulation,
t Date of liquidation.
Of these banks the Newton National Bank of Newton, Kans., and the
Farmers and Merchants' National Bank of Clarksville, Tenn., were in
the hands of receivers. In the other cases no receiver had been appointed, a bank examiner being in charge between the date of closing
and reopening of the bank for business.
In each of the cases above mentioned the banks when reopened were
reported by the officer in charge to possess an unimpaired capital, cash
in hand sufficient to meet all demand liabilities, and under such management as gave reasonable assurance of an honorable and successful
career. All these banks are still in operation, having promptly met all
their obligations according to their terms, excepting the Washington
National Bank of New York, which was permitted to go into voluntary
liquidation and has paid in full all liabilities.
So far as the Comptroller is informed the records of the Department
disclose but one case in the history of the system prior to 1891 where
a bank once placed in the hands of a receiver was permitted to reopen.
It is hoped and believed that the future success of these banks will
be such as to warrant the Comptroller in continuing a policy which has
led to their rehabilitation.
38
REPORT OF THE COMPTROLLER OF THE CURRENCY.
COMPARATIVE STATEMENTS OF THE NATIONAL BANKS.
The resources and liabilities of the national banks for thirteen years,
at nearly conresponding dates, from 1879 to 1891, inclusive, are exhibited in the following table, and the same information with respect to
preceding years will be found in the Appendix, page 124.
Oct. 1,
EESOURCES.
1878.
Oct. 2,
1879.
Oct. 1,
1880.
Oct. 1,
1881.
Oct. 3,
1882.
Oct. 2,
1883.
Sept. 30,
1884.
2,053
banks.
2,048
banks.
2,090
banks.
2,269
2,132
banks." banks.
2,501
banks.
2,664
banks.
Millions. Millions. Millions. Millions. Millions. Millions. Millions.
$878.5 $1, 041.0 $1,173.8 $1, 243. 2 $1, 309.2 $1, 245.3
363.3
357.8
357.6
327.4
351.4
357.3
3.0.7
43.6
56.5
37.4
30.4
71.2
61.9
48.9
66.2
71.1
71.4
39 7
198.9
208.9
213.5
230.8
194.2
167 3
47.3
48.3
49.9
48.0
46.5
47.8
109.3
114. 3
102.9
107.8
128.6
42 2
56.6
53.2
63.2
70.7
77.0
69.2
22.7
18.2
17.7
20.7
23.3
16.7
96.4
66.3
121.1
189.2
208.4
113.0
10.0
7.7
6.7
8.7
14.2
26.8
16.6
17.1
17.5
17.2
17.7
17.0
28.9
23.0
26.2
28.9
33.8
22.1
Loans..
$834.0
347.6
Bonds for circulation
94.7
Other United States bonds
36 9
Stocks, bonds etc
138 9
Due from banks...
46.7
Heal estate
30 7
Specie
64.4
Legal-tender notes
16.9
National-bank notes . . .
82.4
Clearing-house exchanges
32.7
United States certificates of deposit.
Due from United States Treasurer ..
16.5
Other resources
24.9
Total...
2,399.8
2,372, 7
2,279. 5
509.7
483.1
463.8
142.0
128.1
132.0
61.6
56.4
61.2
310.5
320.2
315. 0
1,083.1 1,134.9 1, 063. 6
270.4
294.9
259.9
11.9
14.9
13.7
524.3
147 0
63.2
289.8
993. 0
246. 4
15.8
2, 399.8
2, 372. 7
2, 279. 5
Oct. 4,
1888.
Sept. 30,
1889.
Oct. 2,
1890.
Sept. 25,
1891.
3,120
banks.
banks.
3,290
3,540
banks.
3,677
banks.
1,767.3
1,868.8
2,105.8
466.2
116 9
40 9
301.9
668.4
165.1
7.9
454.1
114 8
40 3
313.8
736.9
201.2
6.7
457.6
120 5
46.1
317.3
887.9
267.9
8.5
1, 767. 3 1,868.8
2,105.8
2, 358.4
Oct. 1,
1885.
Oct. 7,
1886.
Oct. 5,
1887.
2,714
banks.
2,852
banks.
3,049
banks.
2, 358.4
LIABILITIES.
Capital stock
Surplus fund
Undivided profits
Circulation outstanding
Due to depositors
Due to banks
Other liabilities
Total
EESOURCES.
. .
Millions. Millions. Millions. Millions.
Millions. Millions.
Loans ..
$1,306.1 $1, 451.0 $1,587. 5 $1, 628.1 $1,817. 3 ' $1, 986.1 $2, 005.5
177.6
150.0
189.1
146.5
140.0
307 7
258 5
Bonds for circulation
24.9
63.6
30.7
48.5
32.4
34.7
31.8
Other United States bonds
115.5
96.3
109.3
125.2
81.8
88.8
77.5
Stocks, bonds, etc.. .
256.3
282.5
336.2
335.4
338. 7
241.4
235.3
Due from banks
76.8
83.3
61.1
69.4
58.0
54 1
51 3
Heal estate.
164.3
195.9
183.5
165.1
181.3
156 4
Specie
174.9
80.6
97.6
86.8
73.7
82.0
69.7
62.8
Legal-tender notes..
18.5
21.9
21.3
20.9
20.0
22.7
23.1
National-bank notes
106.8
74.2
136.
8
122.0
95.5
88.8
84.9
Clearing-house exchanges
*6.2
12.3
12.9
15.7
5.9
6.2
18.8
United States certificates of deposit.
6.9
9.0
7.4
8.0
14.0
9.3
14.9
Due from United States Treasurer ..
41.3
42.1
42.8
37.4
40.8
38.7
36.9
Other resources . . . . . . .
.
Total
2,432. 9 2,513. 9 2, 620.2
2, 731. 4 2, 998. 3 3,141.5
3, 213.1
578.5
527. 5
548.5
173.9
157.3
146.6
59.3
66.5
71.5
269 0
167.3
228 8
1 116 7 1,189. 5 1,274.7
329.6
308.6
299.7
24.7
14.1
14.9
612.6
650.4
' 588.4
213. 6
183.1
197.4
97.0
70.3
84. 9
128.5
123.0
155.4
1,350. 7 1,522.0 1, 594.2
426.4
425.3
358.1
27. 6
36.9
25.4
677.4
227.6
103.3
131. 3
1, 608.6
430.6
34.3
3,141. 5
3,213.1
LIABILITIES.
Capital stock
Surplus fund • ..
Undivided profits
Circulation
Due to depositors
Due to banks
Other liabilities
Total .. ..
2 432.9
2,513. 9 2, 620. 2 2, 731.4 2, 998.3
REPORT OP THE COMPTROLLER OF THE CURRENCY.
39
The following table presents an abstract of tlie resources and liabilities of the national banks at the close of business on September 25,
1891, the condition of the banks in New York City, in the three central
reserve cities, in other reserve cities, and of country banks shown
separately:
Central reserve cities.
New York,,
New York Chicago
and
City.
St. Louis.
Other
reserve
cities.*
Country
banks.
49 banks. 79 banks. 265 banks. 3,333 banks.
Aggregate.
3,677 b a n k s .
RESOURCES.
Loans and discounts
Overdrafts
Bonds for circulation
Bonds for deposits
United States bonds on hand
Stocks, securities, claims, etc
Dae from reserve agents
r
Due from other national banks..
Due from other banks and bankers.
Banking house, furniture, and fixtures
Other real estate and mortgages
owned
Current expenses
Premiums
Checks and cash items
Exchanges for clearing house
Bills of other national banks
Fractional currency, nickels, and
cents
Specie
Legal-tender notes
United States certificates of deposit
Five per cent redemption fund
Due from United States Treasurer .
Total.
$301,578,802 $417,008,805 $497, 430,631 $1, 074,914,803 $1, 989,354,239
308,028
414, ~
246,128
16,108,965
14,448,422
6,854,000
8,504,
867,500
150,035,600
123,654,100
1, 600,000
2,150,
865, 000
20,432,500
12,417,500
1, 081,450
1, 393,
192,650
4,439,450
1, 853,000
24,822, 661 31,680,
458,165
125,179,077
71, 640, 333
005, 874
193,990, 324
132, 984,450
532, 821
115,196,683
26, 722, 883 44, 608,
38,055,377
8, 876,
524, 725
4,494,368
13,070,848
29,471,898
11,304, 776
12,846, 291
16, 525,593
40,266,943
69, 628, 827
1,159, 299
737,317
956,350
2,141, 651
86, 307,889
1,295,128
1, 566,656
951,159
1,117, 790
2, 268,061
92, T62,175
2, 686,373
2, 736, 017
2,730,725
2, 738, 020
2,044, 729
26, 898,150
3, 529,179
9, 338, 623
6,197, 347
10,849, 891
8, 959,755
2, 379, 557
13,775,615
13, 641,296
9,879,231
14,705, 701
13,272, 545
122, 039,882
19, 991,167
49, 740
53,796, 891
23, 761, 230
8,225,000
297,180
547, 008
76,435
77,675,685
35,470, 647
9, 565,000
371,430
823,008
202, 833
45, 524, 825
25,750, 902
5,715,000
790,031
267, 936
588,194
60, 314, 566
36, 394,059
440, 000
5,375,471
366, 864
867,462
183, 515,076
97, 615, 608
15, 720,000
6, 536, 932
1,457, 808
558,041,651 752,217,119 782, 577,434 1, 678,285,718 3, 213,080, 271
LIABILITIES.
Capital stock
50, 861, 970
Surplus fund
38,052,490
Undivided profits
,
16, 667, 301
National-bank notes outstanding
5,803,910
State bank-notes outstanding
24, 328
Dividends unpaid.
136, 266
Individual deposits
274, 462,555
United States deposits
1, 323,296
Deposits of United States disbursing
officers
216, 287
Due to National banks
124,203, 318Due to other banks and bankers
46,239, 930
Notes and bills rediscounted
Bills payable
50,000
Total..
82, 111, 970 161, 870, 860
48,678,490 55, 018, 361
20,492, 046 21,119,426
6,973, 825 15, 673, 070
5, 682
24,328
401, 749
166,973
357, 800,481 384, 419, 679
4, 373, g76
1, 841, 814
231,984
158,985, 925
74, 794, 283
65, 000
50, 000
1, 553,136
88, 454, 652
42, 953, 461
2, 390,182
4, 343, 300
677, 4S6, 870
433, 444,040
227, 576,486
123, 879, 635
103,284, 674
61,673, 202
131, 323,301
108,676,406
74,118
44,108
1, 453,735
885, 013
846, 097, 921 1, 588,318,081
15, 700, 673
9, 484,983
2, 781,540
41,136,127
24, 270, 327
19, 526, 771
6,385,645
4, 566, 660
288, 576, 704
142, 018, 071
21, 981,953
10, 778, 945
558,041,651 752, 217,119 782, 577,434 1, 678,285, 718 3,213,080,271
* Other reserve cities are Boston, Philadelphia, Baltimore, Albany, Brooklyn, Pittsburg, Washington, New Orleans, Louisville, Cincinnati, Cleveland, Detroit, Milwaukee, Des Moines, Minneapolis,
St. Paul, Kansas City, St. Josepn, Omaha, and San Francisco.
For several years a statement has been presented, showing in condensed form, the changes occurring in the principal items of resources
and liabilities of the national banks from January 1, 1866, the data
being obtained from an abstract prepared from reports of condition of all
national banks at the date of the last call preceding the current annual
report. The following statement is perpetuated for purposes of comparison. Aggregates are expressed in round numbers and the dates
corresponding with highest and lowest points are given.
4.0
REPORT OF THE COMPTROLLER OF THE CURRENCY.
HIGHEST AND LOWEST POINTS BEACHED IN THE PRINCIPAL ITEMS OF RESOURCES
AND LIABILITIES SINCE THE ESTABLISHMENT OF THE SYSTEM.
i
,
Highest point reached.
January 1, | September •_
. I80Ci 2 5 ' 1 8 1 " - ;" Amount. " Date.
Lowest point reached.
Amount.
Capital
$403,357,340 $677,420,870 $077,426,870 Sept.25,1891
Capital, surplus and un-.
divided profits
S.
330, 204!3, 008, 288, 030 1, 008, 288,030 . . . . d o
Circulation
239, 530; 131, 323, 301j 341, 320, 256 Dec. 26, 1873
Total investments in
United States bonds..
380,350 174, 907, 550! 712,437,900 Apr. 4,1879
Individual deposits
212,174)1, 588, 318, 0811, 588,318, 081 Sept.25,1891
Loans and discounts
650,109 1,989, 354, 239 1,989, 354, 239
do
Cash:
National-bank notes
19,991,167
406,442
28, 809, 699 Dec. 31, 1883
Legal-tender notes..
846, 548 97, 615, 608 205, 793,579 Oct. 1,1886
Specie
909,363 183, 515,076 195,908,859 Oct. 2,1890
Date.
$403, 357. 346 Jan. 1, 1866
475, 330,204
Do.
122, 928,084 Oct. 2, 1890
170, 653, 050
Do.
501,407,586 Oct. 8, 1870
500,650,109 Jan. 1, 1866
11,841,104 Oct. 7, 1867
52,156,439 Mar.ll, 1881
8,050,330 Oct. 1, 1875
It will be seen that capital, surplus, undivided profits, and deposits
have increased from $995,542,378 in January, 1866, to $2,596,606,111 on
September 25,1891, and that loans and discounts amounting to $500,650,109 have reached the sum of $1,989,354,239, which is nearly quadruple, and upon reference to other pages in this report that the number
of active banks has increased from 1,582 to 3,677. The holdings in
bonds have decreased from $440,380,350 to $174,907,550, but on April
4, 1879, an intermediate period, the banks held $712,437,900. The
specie held by the banks on January 1, 1866, amounted to $16,909,363,
was only $8,050,330 in 1875, and amounted to $183,515,076 on September 25, 1891, which was a falling off of more than $12,000,000 since October 2, 1890, on which date the highest point was reached.
The following comparative statement gives the percentages of loans
and discounts, United States bonds, and specie to the entire fund with
which the banks do business, which is made up of capital, surplus, undivided profits, circulation, and deposits.
In 1866 the percentage of circulation to capital, surplus, and undivided profits was about 45 per cent, and is now about 13 per cent, the
same as last year.
1866.
Loans and discounts
United States bonds
Specie
Total.
.
1887.
1888.
1889.
1890.
1891.
Per cent. Per cent. Per cent. Per cent. Per cent. Per cent.
72.92
74.37
71.04
41.32
70.52
72.26
6.41
36.36
6.44
9.87
9.98
7.80
6.73
1.57
7.40
11.90
7.37
6.58
79.25
87.87
92.81
86.64
88.21
86.06
REPORT OF THE COMPTROLLER OF THE CURRENCY.
41
EXTENSION OF THE CORPORATE EXISTENCE OF NATIONAL BANKS.
Under the provisions of the act of July 12, 1882, ninety-seven associations applied for and obtained an extension of their corporate existence
during the past year. The following table shows the number and capital
of all extended banks and their geographical location:
States and Territories.
Alabama
Arkansas
:
California
Colorado
Connecticut
Delaware
District of Columbia.
Georgia
Illinois
Indiana
Iowa
Idaho
Kansas
Kentucky
Louisiana
Maine
Maryland
,
Massachusetts
Michigan
Minnesota
No.of
banks.
39
37
1
4
19
5
53
29
201
26
13
Capital.
$785,000
250, 000
1, 500, 000
760, 000
22,450, 820
1, 503,185
800,000
1,750, 000
8,793,000
.5,077,000
3, 460,000
100,000
400,000
5, 800, 000
2, 300, 000
8, 630,000
12,069, 000
86, 462, 500
2, 075,000
2,855, 000
States and Territories.
Missouri
Montana
N braska
New Hampshire
New Jersey
New York
North Carolina.
South Carolina ..
Ohio
Oregon
Pennsylvania . .
Rhode Island . .
Tennessee
Texas
Vermont
Virginia
West Virginia .
Wisconsin
Total
No. of
banks.
Capital.
14
1
6
37
50
224
4
5
85
1
170
59
8
5
31
13
13
20
$3,573,000
500,000
1,200,000
4,805, 000
10,133, 350
72, 772, 460
850,000
1,100, 000
15, 551, 000
250, 000
45,154 w 390
19, 959, 800
1,950,000
675, 000
5, 856,000
2, 291,000
1, 491,000
1, 935,000
1,347
357,972, 505
Th# following table shows how many associations will reach the expiration of their corporate existence during a period of ten years from
1892 to 1901, inclusive, with their capital and circulation:
Tear.
No. of
banks.
1892
1893
1894
1895
1896
1897
96
38
57
76
22
25
Capital.
Year.
Circulation.
$13,951,100 $3,570,975
1,982,925
4,701,000
6, 768, 000 2, 585, 470
11, 259, 000 4, 431, 610
9V5,400
2,123,800
1,198, 295
3,534,000
No. of
banks.
1898
1899
1900
1901
Total....
Capital.
Circulation.
24
34
47
104
$2,479, 000
4, 595, 000
7, 307,100
13,503,150
$1,153,350
2,106,450
2, 040, 830
3,485,000
523
70,221,150
23, 530, 305
The number, capital, and circulation of the national banks of which
the corporate existence expired between October 31, 1890, and October
31, 1891, are shown in the following table, and the number of extended
banks is also indicated. The corporate existence of five associations
expired by limitation:
Date.
Nojbanks
expired.
Capital.
Circula- No. banks Capital.
tion. extended.
Circulation.
1890.
November
December
1891.
January
February
March
April
May
June
July
August
September
October
Total
11
12
4
7
9
4
7
12
13
7
5
102
$1,400,000
2, 225, 000
$553,050
427,500
2,150, 000
400, 000
865, 000
1,650, 000
375,000
1, 075, 000
2,590, 000
1,015,000
820, 000
1,800,000
427, 500
112,500
198, 000
275, 625
84,375
174,375
508, 500
262,125
196, 200
247,500
16,365,000
3,467,250
$1,400,000
1,975,000
1,850, 000
400, 000
715,000
1,650, 000
375, 000
875,^00
2,5dO, 000
1,015,000
820,000
1,800,000
97
15,465,000
$553,050
382, 500
360,000
112,500
164, 250
275, 625
84,375
129,375
508,500
262,125
196,200
247,500
3,276,000
42
REPORT OF THE COMPTROLLER OF THE CURRENCY.
The corporate existence of ninety-six national banks, with an aggregate capital of $13,951,100, bonds $3,967,750, and circulation
$3,570,975, will expire during the year 1892, as shown in the following
table:
NATIONAL BANKS OF WHICH THE CORPORATE EXISTENCE WILL EXPIRE DURING THE
YEAR 1892, WITH THE DATE OF EXPIRATION, THE AMOUNT OF CAPITAL STOCK OF
EACH BANK, THE UNITED STATES BONDS ON DEPOSIT WITH THE TREASURER, AND
THE AMOUNT OF CIRCULATION ISSUED THEREON.
Title and location of bank.
1036
1926
1934
1940.
1929
1928
1942
1988
1935
1943
1944
1947
1939
1941
1959
1946
1951
1953
1962
1964
1974
1984
1950
1970
1961
1981
1989
1955
1980
1956
1987
1971
1967
1986
1969
2018
2006
1998
2005
1979
1983
2000
1985
2019
1997
2002
1990
1999
1992
2020
2012
2022
2025
2007
2010
2039
2011
2015
2029
2016
2036
2014
2031
Expiration of
corporate
existence.
1892.
Fanners' and Mechanics' National Bank, PhoenixJan. 2
ville, Pa
Jan. 3
DeWitt County National Bank, Clinton, 111
Jan. 9
Nokomis National Bank, HI
Jan. 9
First National Bank, Clinton, Mo
Jan. 12
First National Bank, Shelby, Ohio
Farmers' and Mechanics' National Bank, Georgetown, D. C
Jan. 15
Jan. 16
Guernsey National Bank, Cambridge, Ohio
Jan. 24
Second National Bank, Kichmond, Ind
Jan. 24
National Bank of Greene ville, S. C
Jan. 27
First National Bank, Wyoming, Iowa
Jan. 27
First National Bank, Bellaire, Ohio
Feb. 2
Merchants' National Bank, Fort Dodge, Iowa
Feb.
Holyoke National Bank, Mass
Feb.
Molme National Bank, 111
Feb.
National Bank, Rising Sun, Ind
Mar.
Third National Bank, Scranton, Pa
Mar.
First National Bank, Parsons, Kans
Mar.
Lansing National Bank, Mich
Mar. 15
Lawrence National Bank, Mass
Mar. 15
Commercial National Bank, Wilmington, 111
Mar. 16
First National Bank, Fremont, Nebr
Mar. 20
Citizens' National Bank, Galion, Ohio
Mar. 22
First National Bank, Fort Smith, Ark
Mar. 22
Citizens' National Bank, Des Moines, Iowa
Mar. 23
First National Bank, Flora, Dl
Mar. 23
First National Bank, New London, Ohio
Mar. 26
Quaker City National Bank, Ohio
Mar. 27
City National Bank, Denver, Colo
Mar. 30
Pomeroy National Bank, Ohio
Apr. 1
Norway National Bank, Me
Apr. 6
First National Bank, Fairbury, 111
Apr. 9
Citizens' National Bank, Sedalia, Mo
Apr. 10
Indiana National Bank, La Fayette, Ind
Apr. 12
Marion County National Bank, Knoxville, Iowa
Apr. 19
First National Bank, Oregon, 111
Apr. 20
National Bank, Spring City, Pa
Northwestern National Bank, Minneapolis, Minn.. Apr. 23
Apr. 24
First National Bank, Grand Rapids, Wis
Apr. 27
Citizens' National Bank, Mankato, Minn
Apr. 29
Burlington National Bank, Kans
Apr. 30
Emporia National Bank, Kans
Stones River National Bank, Murfreesboro, Tenn.. May 1
May 10
Planters' National Bank, Danville, Va
May 10
Springfield National Bank, Tenn
Clinton County National Bank, Wilmington, Ohio.. May 10
May 11
Citizens' National Bank, Winterset, Iowa
May 13
Giles National Bank, Pulaski, Tenn
Citizens' National Bank, New Philadelphia, Ohio... May 17
May 25
Keokuk National Bank, Iowa
May 30
Merchants' National Bank, St. Paul, Minn
May 31
First National Bank, Belle Plaine, Iowa
June 3
Farmington National Bank, New Hampshire.
June 10
Merchants' National Bank, Middletown, Ohio
June 15
Union County National Bank, Liberty, Ind
June
22
Ashland National Bank, Kentucky
June 22
Citizens' National Bank, Hillsboro, Ohio
June
25
First National Bank, Kansas, 111
Fayet(«- County National Bank, West Union, Iowa.. June 28
Merchants' ana Planters' National Bank, Montgomery, Ala
July 1
Home National Bank, Elgin, 111
. . July 3
July 3
Vinton County National Bank, Me Arthur, Ohio
National Bank of D. O. Mills & Co., Sacramento, Cal. July 6
July 10
Ashtabula National Bank, Ohio
Capital
stock.
United
States
bonds.
Circulation.
$150,000
50, 000
50,000
100,000
50, 000
$50, 000
12, 500
50, 000
25, 000
12, 500
$45,
11,
45,
22,
11,
252,000
50, 000
150,000
100,000
50,000
'200, 000
100, 000
200, 000
100,000
100, 000
200, 000
50,000
185, 600
300, 000
50,000
150, 000
60, 000
100,000
100, 000
50, 000
50,000
100, 000
200,000
100,000
100, 000
50,000
100,000
100, 000
60,000
50,000
200,000
1,000, 000
50,000
70,000
125, 000
100,000
75,000
100, 000
60, 000
100, 000
50, 000
100,000
50, 000
100,000
1,000,000
50, 000
100, 000
400, 000
50, 000
210, 000
100, 000
50,000
100,000
250, 000
25, 000
37,500
100, 000
12, 500
50,000
25, 000
100, 000
25,000
75, 000
70, 000
12,500
50, 000
200, 000
12,500
37,500
15, 000
25,000
25.000
50,000
12,500
25,000
50,000
25,000
25, 000
12, 500
25,000
100, 000
15, 000
40,000
50, 000
50, 000
15,000
17, 500
31, 250
25,000
20, 000
50, 000
15,000
25, 000
12, 500
25, 000
12, 500
25, 000
100,000
12, 500
25, 000
100,000
40, 000
100, 000
25, 000
50, 000
25, 000
225, 000
22,500
33,750
90,000
11,250
45,000
22,500
90,000
22,500
67, 500
63, 000
11, 250
45,000
100, 000
150,000
50, 000
500,000
80,000
25,000
50, 000
20,000
50,000
76,500
000
250
000
500
250
180,000
11,250
33, 750
13,500
22,500
22,500
45, 000
11, 250
22, 500
45, 000
22,500
22.500
11,250
22,500
90,000
13, 500
36.000
45, 000
45, 000
13, 500
15, 750
28,125
22,500
18. 000
45i 000
13, 500
22, 500
11, 250
22, 500
11, 250
22, 500
90, 000
11, 250
22, 500
90,000
36, 000
90, 000
22,500
45, 000
22,500
22, 500
45, 000
18, 000
45, 000
68, 850
REPOET OF THE COMPTROLLER OF THE CURRENCY.
43
NATIONAL BANKS OF WHICH THE CORPORATE EXISTENCE WILL EXPIRE DURING THE
YEAR 1892, WITH THE DATE OF EXPIRATION, ETC.—Continued.
Title and location of bank.
2032 Louisa County National Bank, Columbus Junction,
2052
2024
2034
2030
2035
2040
2049
2043
2057
2060
2044
2050
2045
2048
2061
2054
2067
2083
2058
2063
2062
2071
2059
2107
2068
2070
2082
2073
2074
2076
2078
Iowa
Malta National Bank, Ohio
,
Second National Bank New Mexico, Santa Fe, N.
Mex
Second National Bank, "Washington, D. C
First National Bank, Garrettsville, Ohio
National Bank of Fergus Falls, Minn
First National Bank; Lima, Ohio
Manufacturers'National Bank, Newark, N. J
East Tennessee National Bank, Knoxville, Tenn...
Washington National Bank, Indiana
First National Bank, Lebanon, Ind
Merchants' and Planters' National Bank, Union,
S. C
Bank of Charleston National Banking Association,
Charleston, S. C
Lehigh Valley National Bank, Bethlehem, Pa
German National Bank, Newark, N. J
Home National Bank, Chicago, 111
Third National Bank, Sandusky, Ohio
First National Bank, Greenville, Mich
City National Bank, Goshen, Ind
North Ward National Bank, Newark, N, J
Crocker National Bank, Turner's Falls, Mass
Pella National Bank, Iowa
German National Bank, Louisville, Ky
Third National Bank, Urbana, Ohio
Deseret National Bank, Salt Lake City, Utah
Natick National Bank, Mass
First National Bank, Tankton, S. Dak
American German National Bank, Paducah, Ky ...
Atchison National Bank, Kans
First National Bank, Northfield, Minn
Citizens' National Bank, Tonkers, N. Y
National Union Bank, Dover, N. J
First National Bank, Conshohocken, Pa
Expiration of
corporate
existence,
Capital
stock.
United
States
bonds.
Circulation.
1892.
July 10
July 12
$50,000
75,000
$15, 000
20,000
$13, 500
18,000
July 17
July 24
July 25
July 26
Aug. 1
Aug. 9
Aug. 23
Aug. 28
Aug. 30
150,000
225, 000
80, 000
100,000
100, 000
250,000
175,000
50,000
75,000
37, 500
50,000
20,000
25, 000
25, 000
50, 000
50, 000
30,000
50,000
3«. 750
45,000
18, 000
22, 500
22,500
45, 000
45,000
27,000
45,000
60,000
15,000
13,500
200,000
300, 000
200,000
250,000
200, 000
50,000
77, 000
200, 000
300, 000
100, 000
251,500
100,000
500, 000
100, 000
50,000
230,000
50, 000
75, 000
100, 000
100,000
150, 000
50, 000
50, 000
50,000
50,000
50, 000
32,500
20, 000
50, 000
50, 000
25, 000
50,000
25, 000
50,000
50, 000
12, 500
50?000
50, 000
20, 000
50, 000
25,000
40, 000
45,000
45,000
45, 000
45,000
45,000
11. 250
18, 000
45,000
45, 000
22,500
45,000
22, 500
45,000
45, 000
11, 250
45,000
45,000
18, 000
45,000
22,500
36, 000
Aug. 31
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
p
OOct.
4
6
10
10
18
19
25
30
"
Oct.
Oct.
Oct.
Oct.
Nor
Nov.
Nor
Dec,
Dec,
Dec.
Dec.
Dec.
13,951,100 3,967,750 3,570, 975
CIRCULATING NOTES.
The actual circulation outstanding on September 25, 1891, for which
the banks were responsible was $134,897,243, this amount being exclusive of $37,002,875 also in circulation but represented by lawful moneydeposited by the banks for redemption purposes whenever the notes are
received by the Treasurer.
The minimum deposit of the bonds required of the 3,677 national
banks in operation September 25,1891, was $104,933,987, upon which
only $94,440,589 of national-bank circulation could be issued. These
banks held, on September 25, $150,035,600 of bonds, and were actually
responsible for $40,456,654 of circulation more than the minimum. Some
banks do not take circulation.
Of the 3,677 banks 2,651 have a capital not exceeding $150,000 nor
less than $50,000 each, which is the lowest amount any bank in the
system may have, the aggregate capital amounting to $214,126,010.
The remaining 1,026 have a capital of over $150,000 each, the aggregate
amounting to $463,300,860. If an amount of bonds equal to the total
capital were deposited to secure circulation the whole body of banks
might have a circulation amounting to $609,684,183, or $515,243,594
more than the present minimum. A table in the Appendix, page 141,
shows, by States and geographical divisions, this information in detail.
44
EEPORT OF THE COMPTROLLER OF THE CURRENCY.
Tlie following table shows the number of banks organized, by fiscal
years, from July 1,1882, to July 1,1891, capital stock, amount of bonds
deposited, and 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
July 1, 1885, to July 1,1886
July 1, 1886, to July 1, 1887
July 1,1887, to July 1,1888
July 1, 3888, to July 1,1889
July 1,1889, to July 1,1890
July 1,1890, to July 1,1891
Total
No.
Capital.
Minimum
bonds
required.
Bonds
Unit per Circulation
actually
cent of
issued.
deposited. excess.
251
218
142
163
217
164
156
291
239
$26,552,300 $5,155,500 $7,116,400
19,944,000 4, 016, 000 4, 676,100
15, 205, 000 3,061,250 3, 332,800
17, 553, 000 3,404,500 3,715,500
31,444,000 4, 986,000 5,051, 300
16,734,000 3, 308,500 3,324,750
15, 970, 000 3,155, 000 3,166, 300
36, 055, 000 6,251,250
6, 262, 750
27, 680, 000 5,082,500 5,088,500
1,841
207,137,300 38,420,500 41,734,400
28
14
8
8
1
0.5
.36
.18
.12
$6,404,760
4,208,490
2, 999,520
3,343,950
4,546,170
2,992,275
2, 849,670
5, 613, 915
. 4,579,650
37,853,400
The foregoing table is perpetuated to show'by comparison the falling
off in the amount of bonds deposited in excess of the requirement, and
it will be seen that the? percentage of excess has fallen from 28 in
1882->83 to .12 in 1889- 90. Of the 239 banks organized during the
past fiscal year 143 have a capital of $50,000 each, amounting to
$7,150,000 5 56 have a capital of over $50,000 and not exceeding $150,000,
aggregating $5,280,000, and 40 have an aggregate capital of $15,250,000.
The 40 largest banks deposited the exact amount of bonds required by
law, and of the remaining 199 banks only 4 deposited bonds in excess
of the requirement.
Notwithstanding the continuous accession of new banks to the system, more than counterbalancing the number which fail or are placed
in voluntary liquidation from year to year, the outstanding circulation
steadily decreases.
The anomaly, however, is presented, as a^pesult of operations during
the past year, of an increased circulation for which the banks are responsible. This increase amounted to $9,720,287, and was caused by
the organization of new banks and additional deposits of bonds by
banks already organized. The aggregate outstanding circulation, however, was reduced by the redemption of $19,400,679, for which lawful
money had been deposited, leaving a net decrease of $9,680,392.
By referring to page 52 it will be observed that the total withdrawal
of bonds, for transfer to the Secretary for purchase or redemption,
amounted to $32,378,800, nearly the whole amount being substituted
by other bonds.
The following table shows by comparison for eight years the amounts
of lawful money deposited and the consequent decrease of circulation:
DECREASE OF NATIONAL-BANK CIRCULATION DURING EACH OF THE YEARS ENDED
OCTOBER 31, FROM 1884 TO 1891, INCLUSIVE, AND THE AMOUNT OF LAWFUL
MONEY ON DEPOSIT AT THE END OF EACH YEAR.
National-bank notes outstanding October 31, 1883, including notes of national gold banks
$352,013, 787
Less lawful money on deposit at same date, including
deposits of national gold banks
35, 993, 461
National-bank notes outstanding October 31, 1884, including notes of national gold banks
333,559,813
Less lawful money on deposit at same date, including
deposits of national gold banks
41, 710,163
Net decrease of circulation
$316, 020, 326
291,849,650
24,170,676
REPORT OF THE COMPTROLLER OF THE CURRENCY.
45
Net outstanding as above, October 31, 1884
$291, 849, 650
National-bank notes outstanding October 31, 1885, including notes of national gold banks
$315, 847,168
Less lawful money on deposit at same date, including
deposits of national gold banks
39, 542, 979
276,304,189
Net decrease of circulation
15,545,461
Net outstanding as above, October 31, 1885
276, 304,189
National-bank notes outstanding October 31, 1886, including notes of national gold banks
,
301, 529, 889
Less lawful mpney on deposit at same date, including
deposits of national gold banks
81, 819,233
219,710,656
Net decrease of circulation
56,593,533
Net outstanding as above, October 31, 1886
219, 710, 656
National-bank notes outstanding October 31, 1887, including notes of national gold banks
272, 041,203
Less lawful money on deposit at same date, including
deposits of national gold banks
102, 826,136
169,215,067
• Net decrease of circulation
50,495,589
Net outstanding as above, October 31, 1887
169,215, 067
National-bank notes outstanding October 31, 1888, including notes of national gold banks
239, 385, 237
Less lawful money on deposit at same date, including
deposits of national gold banks
87, 018,909
152,366,328
Net decrease of circulation
16,848,739
Net outstanding as above, October 31, 1888
152, 366,328
National-bank notes outstanding October 31, 1889, including notes of national gold banks
202, 023, 415
Less lawful money on deposit at same date, including
deposits of national gold banks
71, 816,130
130,207,285
Net decrease of circulation
22,159,043
Net outstanding as above, October 31, 1889
130, 207,285
National-bank notes outstanding October 31, 1890, including notes of national gold banks
179, 755, 643
Less lawful money on deposit at same date, including
deposits of national gold banks
54, 796, 907
124,958,736
Net decrease of circulation
5,248,549
Net outstanding as above, October 31, 1890
124,958,736
National-bank notes outstanding October 31, 1891, including notes of national gold banks
172,184, 558
Less lawful money on deposit at same date, including
deposits of national gold banks
35,430,721
136,753,837
Net increase of circulation
11,795,10i
The gross decrease of circulation, including tlie notes of gold banks
and those of failed and liquidating associations, was $7,571,085.
BANKS WITHOUT CIRCULATION.
A number of national banks did not originally take circulating notes
for issue, and others eventually deposited lawful money and surrendered
circulation.
Digitized fortheir
FRASER
46
REPORT OF THE COMPTROLLER OF THE CURRENCY.
The following is a list of these banks, the amount of capital and bonds
being given:
Bonds.
Title of bank.
Chemical National Bank, New York, N. Y
Mechanics' National Bank, New York, N. Y...
Merchants' National Bank, New York, N. Y...
National City Bank, New York, N. Y
National Park Bank, New York, N. Y
National Bank of Washington, D. C
Chestertown National Bank, Chestertown, Md
First National Bank, Houston, Tex
First National Bank, Butte, Mont
Citizens' National Bank, Englewood, N. J
National Bank, Cockeysville, Md
Total
$300, 000
2,000, 000
2, 000, 000
1,000,000
2,000, 000
200, 000
60,000
100,000
100, 000
50, 000
50, 000
$50,000
50,000
50,000
50,000
50,000
50,000
12, 500
t 25,000
25,000
12, 500
12,500
7, 860, 000
387, 500
SECURITY FOR CIRCULATOR NOTES.
The security for circulating notes of national banks is limited, by the
Act, to United States registered bonds bearing interest, and the following table shows the amount of such bonds held by the Treasurer of
the United States as security on June 30 of each year from 1865 to 1891,
inclusive, and the amount owned and held by the banks for other purposes, including those deposited with the Treasurer to secure public
deposits:
United States bonds held as security for circulation.
Years.
6 per cent
bonds.
5 per cent
bonds.
$65, 576,600
1865.. $170,382,500
86, 226,850
1866..
241,083, 500
89,177,100
251,430,400
1867..
250,726,950
90, 768,950
1868..
255,190, 350
87, 661,250
1869..
247, 335,350
94,923, 200
1870..
139,387,800
1871 .. 220,497,750
173,251,450
207,189,250
1872..
160,923, 500
229,487, 050
1873..
154,370,700
236,800,500
1874..
136,955,100
239,359,400
1875..
109,313,450
232, 081, 300
1876..
87,690, 300
206, 651,050
1877..
82,421,200
199,514, 550
1878..
56,042, 800
144,616,300
1879 ..
58,056,150
139,758,650
1880..
61,901, 800
172,348,350
1881 ..
Continued at Continued at
3i per cent.
3£ per cent.
25,142,600
202,487,650
1882..
7,402,800)
385,700? 3 per cents.: >
1883..
200,877,850)
172,412,550
1884
Pacifies:
142,240,850
3,520,000
1885..
107,782,100
3, 565,000
1886..
5,205,950
3,175,000
1887..
3,181,000
37,500
1888..
4,324,000
1889
4,913,
000
1890..
7,957,000
1891..
4£ per cent
bonds.
4 per cent
bonds.
$44,372,250
48,448, 650 $19,162,000
35,056,550 118, 538, 950
37,760,950 126,076,300
32,600, 500 93, 637, 700
Total.
United
States
bonds held
for other
purposes at
nearest
date.
$235,959,100 $155,785,750
327,310, 350 121,152,950
340,607,500
84,002, 650
341,495,900
80,922, 500
342,851,600
55,102,000
342,278, 550 43, 980,600
359, 885, 550 39,450, 800
380,440, 700 31,868,200
390,410,550
25, 724,400
391,171,200
25, 347,100
376,314, 500 26,900, 200
341,394,750
45,170, 300
338, 713, 600 47, 315,050
349, 546,400
68, 850, 900
354, 254, 600 76, 603,520
361, 652, 050 42,831,300
360,488,400
63,849, 950
Grand
total.
$391,744,850
448,463, 300
424, 610,150
422,418,400
397, 953,600
386,259,150
399,336,350
412,308,900
416,134,150
416, 518,300
403, 214, 700
386, 565,050
386, 028,650
418, 397, 300
430,858,120
404,483, 350
424, 338, 350
32,752,650
97,429,800
357,812,700
43,122, 550
400,935, 250
39,408,500
104,954,650
353,029,500
34,094,150
387,123,650
46,546,400
111,690,900
330,649,850
31,203,000
361, 852, 850
48,483,050
50,484,200
67,743,100
69,670,300
42,409,900
39,486,750
22,565,950
117,901,300
114,143,500
115,842, 650
105,423,850
101,387,550
100,828,550
111,985,950
312,145,200
275,974,800
191,966,700
178,312, 650
148,121,450
145,228, 300
142,508,900
32,195,800
31, 345, 550
33,147,750
63,618,150
51, 642,100
35,287,350
30,114,150
344, 341, 000
307,320, 350
224,814, 450
241, 930, 800
199, 763, 550
180, 515, 650
172, 623, 050
47
REPORT OF THE COMPTROLLER OF THE CURRENCY.
The following table gives similar information for the years ended
October 31, from 1882 to 1891, inclusive. An examination of this and
the foregoing table will disclose the changes which have occurred in
the holdings of the several classes of bonds by the banks:
Year.
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
United States bonds lield as security for circulation.
Number of
6
banks. 4^ per cent 4 per cent 3 per cent Pacific
per cent
Total.
bonds.
bonds.
bonds.
bonds.
United
States
bonds held
for other
purposes
at nearest
date.
Grand
total.
r
2,301 $33,754,650 $104,927,500 ;$40,621,950
, 563,750 $400,
1,069,400
>179,675,550 $3,526,000 $362,505,650 $37,
>
*602,000
2,522 41,319,700 106,164,850 >201,327,700 3,463,000 352,1877,300 30,674,050 383,551,350
2,671 49,537,450 116,705,450 155,604,400 3,469,000 325, 316,300 30,419, 600 355, 735,900
2,727 49,547,250 116,391,650 138,920, 650 3,505, 000 308, 364,550 31,780,100 340,144,650
2,868 57,436,850 115,383,150 6y, 038, 050 3,586, 000 245,444,050 32,431,400 277,875,450
3,061 69,696,100 115, 731,400
144, 500 3,256,000 188, 828,000 34,671,350 223,499,350
3,151 66,121,750 100,413. 600
3,468,000 170, 003,350 60,715,050 230,718,400
3,319 41, 066, L50 100,049; OOOi
4,553, 000 145, 668,150 48,501,200 194,169,350
3,567 28,116, 700 105,402.20U
6,672, 000 140, 190,900 30,684,000 170,874, 900
f 199,400
! Continued -120,858, 850
3,694 ) at 2 p. ct.
10,244,000 152,950,350 24,871,950 177,822,500
121,648,100
* Three and one-half per cent.
A table will be found in the Appendix, page 125, showing on the first
day of each month, from January 1, 1870, to November 1, 1891, the
amount of authorized capital stock of the national banks, the amount
of bonds on deposit to secure circulation, the amount of circulation secured by the bonds, the amount of lawful money deposited to redeem
outstanding circulation, and the total amount outstanding including
notes of gold banks.
INTEREST-BEARING FUNDED DEBT OF THE UNITED STATES.
The following statement is made to preserve continuity with respect
to changes in the funded debt of the United States. The effect upon the
holdings of bonds by national banks will be observed elsewhere. The
public debt reached the maximum August 31,1865, and then amounted
to $2,844,649,626, the non-interest-bearing obligations amounted to
$461,616,311, the interest-bearing debt being $2,383,033,315. On October 31,1891, the interest-bearing debt amounted to $649,650,232.
48
REPORT OF THE COMPTROLLER OF THE CURRENCY.
The classes of bonds available as security for tlie circulating notes oi
national banks are sjiown in the following table, dates of authorizing
acts, maturity of bonds, and rates of interest also being given.
BONDED DEBT AT DATES NAMED.
Date.
6 per cent.
Aug. 31, 1865
June 30, 1866
June 30, 1867
June 30, 1868
June 30, 1869
June 30, 1870
June 30, 1S71
June 30, 1872
J u n e 30, 1873
June 30, 1874
J u n e 30, 1875
June 30, 1876
J u n e 30, 1877
June 30, 1878
J u n e 30, 1879
J u n e 30, 1880
J u n e 30, 1881
$908,518, 091
1,008,388,469
1,421,110, 719
1,841,521,800
1,886,341, 300
1, 764, 932, 300
1, 613, 897,300
1,374,883,800
1,281,238,650
1,213,624,700
1,100,865,550
984,999,650
854,621,850
738, 619, 000
310,932, 500
235, 780,400
196,378,600
Continued at
3i per cent.
58,957,150
June 30, 1882 ..
June 30, 1883 .
J u n e 30, 1884 .
June 30, 1885 .
June 30, 1886 .
J u n e 30, 1887 .
J u n e 30, 1888 .
J u n e 30, 1889.
J u n e 30, 1890 .
June 30, 1891 .
Oct. 31,1891 .
5 per cent.
4£ per cent.* 4 per cent.t 6 per cent.J
$199,792,100
198,528, 435
198,533,435
221,588,400
221,589, 300
221,589,300
274,236, 450
414,567,300
414,567,300
510,628,050
607,132, 750
711,685, 800
703, 266, 650 $140, 000,000
703,266, 650 240,000,000
646,905,500 250,000,000
484,864,900 250,000,000
439, 841, 350 250,000, 000
Continued at
3A per cent.
401,593,900 250, 000,000
32, 082, 600
Funded into
3 per cents., 250,000,000
act July 12,
1882.
304,204,350
224,612,150 250, 000,000
194,190, 500 250,000,000
144,046,600 250,000,000
19,716,500 250,000,000
222,207,050
139, 639,000
109,015,750
50,869, 200
Continued at
2 per cent.
25,364,500
Total.
$98, 850,000
679,878,110
739,347,800
739,347,800
$1,258,000 $1,109,568,191
6,042, 000 1, 212, 958. 904
14, 762,000 1, 634,406,154
29, 089,000 2,092,199, 200
58, 638,320 2,166,568,920
64,457,320 2,050,978,920
64, 618, 832 1,952,752,582
64, 623, 512 1,845,074,612
64,623,512 1, 760,429,462
64,623,512 1,788,876, 262
64, 623, 512 1, 772,621,812
64,623,512 1, 761,308,962
64,623, 512 1,761,512,012
64,623,512 1,845,359,162
64, 623,512 1,952,339,622
64,623,512 1,774,616, 612
64,623,512 1,690,191, 262
739,349,350
64,623,512 1,514,433,912
737,942,200
64,623,512
737,661, 700
737,719,850
737, 759,700
737,800, 600
714,177,400
676,095,350
602,193,500
559,566, 000
64,623, 512
64,623,512
64,623,512
64,623,512
64,623,512
64,623,512
64, 623,512
64,623,512
1,276,987,362
1,246,533,862
1,196,429, 812
1,072,140,612
1,001,007,962
880,357, 862
775,832,762
675,058,712
559,573,150 64,623 '512
649, 561,162
* Funded loan 1891; authorizing act July 14, 1870, and January 20, 1871; date of maturity, 1891.
t Funded loan 1907; authorizing act July 14, 1870, and January 20, 1871; date of maturity, 1907.
} Pacific railroad bonds; authorizing act July 1,1862, and July 2,1864; date of maturity, 1895 to 1899.
The Navy pension fund, amounting to $14,000,000 in 3 per cents, the interest upon which is applied
of naval pensions exclusively, and $89,070 of refunding certificates are not included in
to) the
the payment
i
the table.
EEPOKT OF THE COMPTROLLER OP THE CUEEENCY.
49
MARKET PRICES OF UNITED STATES BONDS.
The investment value of United States bonds increases as the relative
market price of such bonds declines. The 4J percents matured September 2, 1891, and it will be observed that the market price declined
very regularly up to date of maturity. The fluctuation in prices of 4
percents was not considerable, the decline, however, being about double
that during the previous year. The following table, prepared by the
Acting Actuary of the Treasury, will show the movements in prices
of the two classes during the year ended October 31, 1891:
OPENING, HIGHEST, AND LOWEST PRICES OF UNITED STATES REGISTERED 4£ PER
CENT AND 4 PER CENT BONDS, IN NEW YORK, FOR EACH WEEK FROM NOVEMBER
7, 1890, TO OCTOBER 30, 1891.
44 per cent.
Week ended—
Nov.
Nov.
Nov.
Nov.
Deo.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Fteb.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
May
May
May
May
May
June
June
June
June
July
July
July
July
July
Aug.
Aug.
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct>
7,1890
14,1890
,
21,1890
28,1890
5,1890
12,1890
'.
19,1890
26,1890
2,1891
9,1891
16,1891
23,1891
30,1891
6,1891
13,1891
20,1891
27,1891
6,1891
13,1891
20,1891
27,1891
3,1891
10,1891
,
17,1891
,
24,1891
1,1891
8,1891
,
15,1891
22,1891
29,1891
5,1891
12,1891
19,1891
26,1891
3,1891
10,1891
17,1891
24,1891
31,1891
7,1891
14,1891
,
21,1891
28,1891
4,1891, 44 per cent..
4,1891,2 per cent...
11,1891
18,1891
,
25,1891
2,1891
9,1891
16,1891
,
23,1891
30,1891
11167-
Opening.
103i
103
103
103
103
103
103
103
1031
103
103
102
1014
10lf
101*
1011
102
102
102
102
102
101f
lOlf
102
100
100
100
100
100
100
100
100
100
100
100J
ir-
Highest.
4 per cent.
Lowest.
Opening.
Highest.
124 -124*
123|-124
122 -123
120 -121*
1204-122
120J-122
121 -122*
121 -122*,
121*-122i
121 -122
120 -122
120 -121*,
120 -121*
120 -121*,
120 -121*
1204-121J
120g-121*.
120 -121
1204-121*.
121 -122
121|-122
121il£2
124 -124*
123J-1241
122 -123
121 -122*
1204-122
121 -123
121*-122*
1211-122*
1214-1224
121 -122
120 -122
120 -121*,
120 -121i
120 -12li •
120 -121- •
120f-121i
121 -122
120^-121
121 -122
8 | *
1171-118
117*-118*
1164-1174
116 -117
116*-117*,
117£-118*,
117£-118f
1164-1174
116 -117
116 -116|
115|1164
117f-11,
1174-118^
1164,-117*,
116 -117
1174-1184
1171-1184
1171-1184
117"-118
Il6f-117f
117 -118
1164.-1174
116 -117
116 -116|
116 -1164
116i116|
Lowest.
124 -1244
122 -123*
1194-1214
120 -1214
1204-122
1204-122
121 -1224
121 -I22I
121 -1224
120 -122
120 -1214
120 -1214
120 -121
120 -1214
120 -1214
120^-1214
120|-1214
120 -121
120|-1214
121 -121|
121 -122
1211-122
121|-1221
1214-122
121 -122
1205-1214
120 -121
1194-120
1181-1181
118 -118|
118 -118|
117 -117|
1171-118
1164-1171
116 -117
116 -117
H64-II74
117 -118
117 -118
1163-117
1161-117
1161-1173
1161-11711164-I174
116 -117
116 -116£
115|-1164
1151-116}
116 -II64
116 -116|
116|1171
| 1
1161-1174
50
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INVESTMENT VALUE OF UNITED STATES BONDS.
The following table, prepared by the Acting Actuary, shows the
fluctuations in price and in vestment value of the 4-J and 4 per cent
bonds at quarterly periods from 1885 to 1891 inclusive:
A\ per cent bonds.
Date.
1885:
January .
April....
July
October..
1886:
January.
April —
July
October..
1887:
January .
April
July
October..
1888:
January.
April....
July
October..
1889:
January.
April....
July
October..
1890:
January.
April
July
October..
1891:
January .
April
July
October..
4 per cent bonds.
Eate of inEate of inAverage terest real- Average terest realprice flat. ized by- price flat.
ized by
investors.
investors.
Per cent.
112.7788
112.4350
112. 7525
112.9421
Per cent.
2.655
2.488
2.365
2.250
Per cent.
121.9086
121. 8028
122.6462
123.4004
Per cent.
2.726
2.721
2.668
2.619
112. 7000
112.475.9
111.8156
111. 9855
2.208
2.150
2.149
2.003
123.4325
126.2980
126.4975
128.6659
2.607
2.444
2. 420
2.289
110.2775
110.1947
109.1475
108.5553
2.290
2.019
2.340
2.339
127.8325
129.2451
127.8425
125.7885
2.320
2.227
2.284
2. 390
108.2375
107.1025
107. 5175
108.4213
2.289
2.478
2.195
1,693
126.1275
124.6400
127.4825
128.1204
2.341
2.409
2.230
2.178
108.9255
108.1848
107.0048
105.8241
1.254
1.240
1.421
1.645
127. 2837
129.1902
128. 3894
127.1944
. 2.208
2.080
2.109
2.160
104.7885
103.7500
103. 3825
104.1296
1.856
2.151
1.966
0.409
125.6178
122.1175
122. 3200
123.5602
2. 236
2.435
2.407
2.309
103.1106
101. 759G
100. 384G
0.424
1.363
5.971
120.9279
122.0264
117.3317
116.7546
2.463
2.372
2.676
2.701
BOND PURCHASES AND REDEMPTIONS BY THE TREASURY.
During the past report year, the purchase of 4 per cents was discontinued by the Government in the month of January, the total purchases
amounting to $8,645,850. Under Treasury circular dated October 9,
1890, the redemption of 4£ per cents commenced, interest being added
to the face of the bond up to and including August 31, 1891. Under
the various circulars issued, the total redemptions of 4J per cents
amounted to $33,966,150, and the total purchased and redeemed of
both classes to $42,612,000. The total purchases and redemption of
these two classes of bonds amounted to $373,484,150 since the issue of
circular dated April 17, 1888. Circular dated July 2,1891, provided
that any of the 4£ pei\cents theretofore called for redemption might be
presented for continuance during the pleasure of the Government, with
interest at the rate of 2 per centum per annum, in lieu of redemption.
A subsequent circular extended the time for presentation for continuance to September 30.
The amount of bonds so continued was $25,364,500. On November
1? there were $4,601,500 of this class of bonds which had not been
presented for redemption or continuance. Of this amount the national
banks had on deposit to secure circulation $199,400. The statutes re-
REPORT OF THE COMPTROLLER OF THE CURRENCY.
51
quire in tlie organization of a national bank a deposit of United States
registered bonds bearing interest, and the few banks holding these
bonds, being either indifferent or recalcitrant, were addressed by
circular to substitute interest-bearing bonds without delay. The question had heretofore arisen as to the legal status of a bank having
bonds on deposit which did not comply with the statutes, and the question, upon being referred to the Department of Justice, was decided
adversely to the banks declining to withdraw non-interest-bearing bonds
and substitute others.
STATEMENT SHOWING THE AMOUNTS OF 4 AND 4£ PER CENT BONDS PURCHASED AND
REDEEMED EACH MONTH FROM NOVEMBER 1, 1890, TO OCTOBER 31,1891, INCLUSIVE, ALSO THE AMOUNT OF 4^ PER CENT BONDS CONTINUED AT 2 PER CENT FROM
SEPTEMBER 2, 1891.
Month.
November, 1890.
December, 1890 .
January, 1891...
February, 1891..
March. 1891
April, 1891
May, 1891
June, 1891
July, 1891
August, 1891 . . .
September, 1891.
October, 1891 . . .
4 per cent
bonds purchased.
1,461, 400
184, 450
!, 645,850
Total.
4£ per cent
bonds
redeemed.
4£ per cent
continTotal pur- bonds
ued
at 2 per
chased and
cent
from
redeemed.
September
2, 1891.
$2,790,850
2, 011,450
1, 689,750
1,644, 500
1, 989,050
2,742,250
242,800
$2,790,850
10,472, 850
1,874,200
1,644, 500
1, 989,050
2,742,250
242,800
17,940,100
2,915,400
17,940,100
2,915,400
33,966,150
42, 612,000
$11,679, 500
11,236, 300
2,448,700
25,364,500
BOND WITHDRAWALS BY NATIONAL BANKS.
The effect of the purchase and redemption of bonds during the year
by the Treasurer upon the volume of circulation was inconsiderable;
for, of the $3,926,050 bonds withdrawn by the banks, and substitution
not made upward of $1,553,000 were withdrawn on account of failed
and liquidating banks. Notwithstanding the withdrawal of $2,372,500
on account of reducing banks, there was an actual increase in the
amount of circulation, for which the banks are responsible, as will be
seen elsewhere.
The following table shows the class and amount of bonds withdrawn
by the banks, for purchase or redemption under Treasury circulars of
October 9, December 6, 1890, June 2, July 2, August 24, September 2,
and September 16,1891, and the class and amount of bonds deposited
from October 31,1890, to November 1, 1891, together with the total
withdrawals, on the deposit of lawful money, for which substitution
was not made.
52
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Withdrawn.
1890.
Nov.
Dec.
1891.
Jan .
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept.
pt.
Oct . .
4| per
cent.
4 per
$562,500
357, 750
$90,000
187,500
699,500
690, 500
1,280, 250
1,322,250
309, 500
767, 500
10, 381,050
11, 039, 900
2,476,100
49,500
United States bonds in s u b s t i t u t i o n .
Total.
t
J per
cent.
$652,500
545,250
4 per
cent.
4}2 per P . It. Jt.'s
cent. 6 per cent.
$'109, 000
224,000
155, 500
855, 000
342, 500
125, 000
815, 500
493,000
313,500 1, 593, 750
1, 01 f>, 250
352,000 1,674, 250
743,250 $7,000
217, 000 25, 000
125, 000
434,500
579,500 52, 500
882, 500
115, 000
856, 750 102, 500
241.500 10, 622, 550 $9,457,300
268, 750 11, 308, 650 9,780,350 1, 230,100
379,500 100, C
388, 750 2, 864, 850 1, 517,500
129, 500
80,000
Total.
Total
withdrawn
upon
deposit
of lawful
money.
$50,000
12, 500
$359,000
236,500
$293,500
308, 750
180, 000
25, 000
131, 250
375,000
522,500
518,000
1,146, 500
1,125, 250
242, 000
719, 000
10,466, 550
11,060, 450
2,057, 000
332, 500
297, 500
447,250
549, 000
192, 500
1(33, 500
156, 000
248, 200
807, 850
129, 500
87,000
50,000
50,000
60,000
29,936,300 2,442,500 32, 378,800 20,755,150 6,389,850 287,000 1,020,750 28,452, 750 5, 926,050
ISSUES AND REDEMPTIONS.
The following table gives the number and amount of national-bank
notes of each denomination which have been issued and redeemed since
the organization of the system, and the amount outstanding October 31:
Number of notes.
Denominations.
Issued.
Redeemed. Outstanding,
Amounts.
Issued.
23,169,677 22,802,425
367, 052
$23,169, 677
Ones
7, 747, 519
7,056, 646
90,873
15,495, 038
Twos
561,426, 260
112, 285, 252 102, 256, 995
10,028, 257
Fives
474,952, 880
47,495,288 42,117, 399
5, 377, 889
Tens
297,355, 680
14, 867,784 12,815,069
2, 052, 715
Twenties
99, 848, 700
1, 996, 974
1,808,128
188,846
Fifties
151,976,100
1,519,761
1,351, 725
168, 036
One hundreds
11, 947, 000
23,894
23,559
335
Five hundreds...
7, 379,000
7,379
7,337
42
One thousands...
Total
209,113,528 190,839,483
18,274,045 1,643,550,335
Unpresented fractions of notes to be deducted from notes redeemed
and added to amount of notes outstanding
Total
Eedeemed.
$22,802,625.00
15,313, 292.00
511, 284, 975.00
421,173, 990.00
256, 301, 380.00
90,406, 400. 00
135,172, 500.00
11,779, 500.00
7,337,000. 00
Outstanding.
$367,052.00
181, 746. 00
50,141, 285. 00
53, 778,890. 00
41, 054, 300. 00
9,442, 300. 00
16, 803, 600. 00
167, 500.00
42, 000. 00
1,471, 571,662.00 171, 978,673. 00
26, 288.75
26,288. 75
1,471,545,373.25 172,004, 961.75
The discrepancy in the amount of circulating notes outstanding October 31, which will become apparent when the several statements in
this report are compared, is explained as follows:
In the table on this page notes of national gold banks amounting to
$116,837 are not included, and the table on page 44 includes $62,760,
representing notes redeemed and destroyed to be reissued.
The total issues of incomplete currency during the year are shown by
the vault account^ as follows:
National-bank currency in vault October 31, 1890
$42,504, 380
Amount received from the Bureau of Engraving and Printing during
the year ended October 31, 1891
48,628,400
Total
91,132,780
Amount issued to banks during the year
$46, 465,820
Amount canceled during the year, not having been issued . 1, 631,240
48,097,060
Balance in yault October 31, 1891
43,035,720
REPORT OF THE COMPTROLLER OF THE CURRENCY.
53
The following table shows the amount of new currency issued to
replace notes redeemed and destroyed under the provisions of the act
of June 2O71874? the amount issued to replace notes redeemed by lawful
money deposited, under the act of July 12? 1882, and the amount issued
to both old and new banks upon bonds deposited for the purpose of
obtaining additional circulation. The table also shows the amount of
circulation redeemed under the act of June 20,1874? establishing the national-bank redemption agency of The Treasury at Washington :
TABLE SHOWING BY STATES THE AMOUNT OF " ADDITIONAL CIRCULATION" ISSUED
AND RETIRED DURING THE YEAR ENDED OCTOBER 31, 1891, AND TOTAL AMOUNT
ISSUED AND RETIRED SINCE JUNE 20, 1874.
Circulation retired.
Circulation issued.
States and Territories.
Under act
of J u l y 12,
1882.
New Hampshire
Vermont
Massachusetts
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana.
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
Michigan
"Wisconsin
Iowa
Minnesota
Kansas
Nebraska
Nevada
Oregon
.
Colorado
Idaho
. ...
Montana
Wyoming
North Dakota
South Dakota
Washington
California
Utah
New Mexico
Arizona..
Oklahoma
In dian Territory
Alaska
$10,220
45,000
20
21, 520
. .
19, 350
30
.
. .1
-15, 370
. .
Total .
Surrendered to this office
and retired
From June 20,1874, to October 31,1890
Surrendered and retired,
111, 510
Additional.
Total
issued.
$16,650
16,870
157,490
2, 633, 020
963, 610
841, 500
2,725, 200
112,070
1,855,175
$16,650
27, 090
157,490
2, «78, 020
963, 610
841, 520
2,725,200
112, 070
1,876,695
351, 010
45, 000
265, 500
86,625
54, 000
73, 345
151, 880
56,240
11, 250
11,250
22, 500
525,430
11,250
444, 370
106, 885
322 250
249^ 360
56, 250
409, 620
135,010
206,990
320, 850
80,990
204, 010
375, 770
351, 010
45, 000
265, 500
86,625
54, 000
92, 695
151,880
56,240
11, 250
11,250
22, 500
525, 430
11, 250
444,370
106, 885
322,280
249, 360
56, 250
409,620
135, 010
206, 990
320, 850
96,360
204,010
375,770
81,000
336, 385
39, 375
160,870
22,500
65, 260
84, 380
297,470
191, 270
67, 500
78, 750
11, 700
10
11,250
81,000
336, 385
39, 375
160, 870
22, 500
65, 260
84, 380
297,470
191,270
67, 500
78, 750
11, 700
10
11, 250
15,346, 940
15,458,450
olvent
Under act I n sand
of J u n e 20,
liquidating
1874.
banks.
Total
retired.
$203, 087
108, 433
139, 813
1,367,268
415,442
441, 685
1,215, 915
231,166
1, 081, 694
40,705
232,985
7,842
70, 620
58,756
31, 356
26,930
50, 070
1,070
29,430
$635,303
410,787
403,198
5, 008,203
777, 657
1, 529,128
3,870,388
868,582
3, 079,454
252,965
517,047
43,520
124, 6C0
117,691
66, 318
50, 722
117,530
1,070
58,710
47, 478
43,482
17,120
242, 989
82, 231
84, 463
600, 894
204, 596
170, 591
162,776
75, 633
101,922
65,014
153, 268
48,350
10
12,320
25,230
6,590
5,411
7,390
12,085
3,120
23,430
91
1,160
890
181, 948
83, 052
43, 370
467, 727
148, 012
195, 925
1, 759, 398
524,731
259,427
225, 315
148,463
193, 045
114,905
196, 928
54, 654
10
26,450
94, 534
17,760
27, 621
1,870
7,390
12,085
9,630
134,005
25, 051
6,525
890
7, 952,801
22,893, 654
243,484, 073 271,930,573 125,856,790
397,787, 363
258, 942, 523 286, 871,426 133,809,591
436,938, 585
$432,216
302, 354
263, 385
3,640, 935
362,215
1, 087,443
2, 654,473
637,416
1, 997,760
212,260
284, 062
35, 678
. 54,040
58; 935
34,962
23,792
67,460
29, 280
134,470
39, 570
26, 250
224, 738
65, 781
111,462
1,158, 504
320,135
88, 836
62, 539
72, 830
91,123
49,891
43, 660
6,304
14,130
69, 304
11,170
22,210
1,870
6,510
110, 575
24, 960
5,365
14,940,853
226,070
16, 031,498
Grand total, Oct.31,1890.
Notes of gold banks ai^ not included in the above table.
54
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Of the above $15,.°>4f>,040 there were issued to banks organized during the year $4,144,51)0, and to bunks already existing and increasing
their circulation $11,20^,350. No changes have been made during the
past year in the provisions oflaw relating to the redemption of nationalbank circulation, and the banks are substantially relieved from all requirements relating to redemptions, except those of keeping good a deposit of lawful money with the Treasurer equal to 5 per cent of their
circulation, and the payment of a pro rata annual assessment for the
cost of redemption.
During the past year the receipts of the National Bank Bedemption
Agency amounted to $69,679,242, of which amount $32,471,599, or 46
per cent, was received from New York City, and $7,407,440 from the
banks in the city of Boston. The amount received from Chicago was
$4,672,057; from Philadelphia, $4,556,442; from Baltimore, $1,781,695;
from St. Louis, $1,275,755; from Cincinnati, $1,489,079; from New
Orleans, $1,015,000; from Providence, $815,770, and from Pittsburgh
$517,127.
A certain proportion of notes received for redemption arefitfor circulation, and are returned to the issuing banks. These notes amounted
during the year ended October 31, 1891, to $12,821,000.
The following table exhibits the amount of national-bank notes received monthly for redemption by the Comptroller of the Currency during the year ended October 31, 1891, and the amount received during
the same period at the Eedemption Agency of the Treasury, together
with the total amount received since the passage of the act of June 20,
1874:
Received by the Comptroller of the Currency.
Months.
From the redemption agency.
For national banks
in connection
For reduc- Insolvent
with reducFor retion of
tion of circu- placement
and
circulation
lation and
liquidating
with
new
under
replacement
national
notes.
act
of
June
with new
banks.
20,1874.
notes.
November, 1890
December, 1890
January, 1891
February, 1891
March, 1891
April, 1891
May,1891
June, 1891
July, 1891
August, 1891
September, 1891
October, 1891
Total
Received from J u n e
20, 1874, to October
31,1890
Grand total
$40 $1,655, 575
1,800
1, 926,180
90 2 538,155
30 2, 379, 950
20,380
2, 671, 605
560 2,190, 28'J
12, 070 3, 317,440
41, 095 3, 504, 200
55, 620 3, 306, 090
40 1, 900, 690
40,095
2, 749,765
5,040 2, 875, 760
Total.
Received
at the
United States
Treasury
redemption
agency.
$1, 391,644
1,267, 692
1,665,876
1, 542, 947
1, 599, 624
987, 007
1, 360, 936
1, 450,405
1,053, 221
778, 884
1, 042, 270
800, 347
$716,381
667,015
793,864
734,203
839,361
651,430
719, 862
821, 394
644,696
421,192
623,943
419,560
$3,773,640
3. 862, 687
4, 997, 985
4, 657,130
5,130, 970
3,729, 277
5,410, 208
5, 817, 094
5, 059, 627
3,100, 806
4, 456,073
4,100,707
$4, 327,087
4, 711, 836
9,443,920
4, 953,537
5,115,459
5;048,370
7, 202, 701
7, 566,764
6. 368. 612
4,981,988
4, 710, 379
5 188,589
176, 860 31, 025, 690 14,940, 853
7,952,801
54, 096, 204
ti), 679,242
16, 637, 575 843,438,870 271, 872,273 125,731,799 1,257,680,517
2, 049,998,464
16,814,435 874,464, 560 286, 813,126 133,684,600 1,311,776,721 2,117,677,706
Notes of gold banks are not included in the above table.
REPORT OF TTFK COMITUnU JMt OK THE CURRENCY.
55
The, following table exhibits the amount of national bank notes received at this office and destroyed yearly since the establish men. t of the
system:
P r i o r to November 1, 1805
D u r i n g year ended October 31—
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
$17;", 490
1, 050, 382
3,401,423
4, 602, 825
8, 603, 729
14,305, 689
24, 344, 047
30, 211,720
36 433 171
49,939, 741
137, 697, 606
98, 672, 716
76,918,963
57, 381, 249
41,101, 830
35, 539,660
D u r i n g year ended October 31—
1881
1882
1883
1834
1885
1886
1887
1888
1889
1890
1891 .
. . .
Additional amount of insolvent and
liquidating national banks
Total
$54,941,130
74, 917,611
82,913,766
93,178, 418
91,048,723
59,989,810
47,726,083
59, 568,525
52, 207, 627
44,447,467
45,981,463
144,240,728
1,471,542,682
Notes of gold banks are not included in tbe above table.
Tbere was in the vault of the redemption division of this office, awaiting destruction, at
the close of business October 31, 1890
$80,360. 00
Received during tbe year ended October 31, 1891
54,114,094.50
Total
Withdrawn and destroyed during tbe year
Balance in vault October 31, 1891
54,194,454.50
53,053,154.50
241,300.00
REDEMPTION OF NOTES OF BANKS REDUCING CIRCULATION; OF THOSE IN VOLUNTARY
LIQUIDATION, AND OF FAILED BANKS UNDER THE ACT OF JUNE 20, 1874.
This act provides for a reduction of the outstanding circulation of an
association upon the deposit of lawful money with the Treasurer of the
United States in sums of not less than $9,000, and the act of July 12,
1882, requires a deposit of lawful money for the retirement of the old
circulation of banks whose corporate existence has been extended.
Under these acts, and on account of liquidating and insolvent banks,
$454,844,949 of lawful money has been deposited with the Treasurer,
including $2,663,720 deposited for the redemption of notes of national
gold banks, and $97,756,232, for the redemption of national-bank notes
under the act of July 12,1882.
During the year ended October 31? 1891, $3,545,358 in lawful money
was deposited, $1,878,282 of which was by banks reducing circulation,
$1,352,926 by banks in voluntary liquidation, $70,398 by banks retiring old circulation issued prior to the extension of their corporate
existence, and $243,752 by insolvent banks.
The total amount deposited prior to and under the acts of June 20,
1874, and July 12, 1882, is $469,089,759, and of this sum $72,397,467
was deposited by banks in liquidation. Deducting from the total deposit the amount of circulating notes redeemed and destroyed without
reissue, which was $433,659,038, there remained in the hands of the
Treasurer on October 31? 1891, $35,430,721 in lawful money for the redemption and retirement of national-bank circulation, including $116,837 for the redemption of the circulating notes of national gold banks.
Prior to June 20, 1874, national-bank notes amounting to $10,431,135
were redeemed and destroyed without reissue, $423,227,903 having been
redeemed, destroyed, and retired since that date. The latter amount
includes $2,546,883 of the notes of national gold banks and $78,121,644
of the notes of national banks whose corporate existence has been extended.
56
REPORT OF THE COMPTROLLER OF THE CURRENCY.
There are no national gold banks now in existence, and the lawful
money on deposit with the Treasurer of the United States, amounting
to $116,837, represents the remaining outstanding* circulation of these
banks.
TAX UPON CIRCULATION, REDEMPTION CHARGES, AND ASSESSMENTS.
United States statutes subject national banks to the payment of a
semiannual duty of one-half of 1 per cent upon the average amount of
notes in circulation issued upon deposits of interest-bearing bonds of
the United States, and the banks are required under the provisions of
the act approved June 20, 1874, to pay the expenses incident to the
redemption of their notes to the Treasurer of the United States. The
banks are also required to pay the expenses of preparing plates from
which their circulating notes are printed. The fees allowed to national
bank examiners are paid by the banks at rates fixed in accordance with
the provisions of section 5240 of the Revised Statutes, as amended by
the act approved February 19, 1875. The amount of tax upon circulation and assessments collected during the past year were as follows:
Semi-annual duty on circulation
Cost of redemption of notes by the United States Treasurer
Assessment for cost of plates, new banks
Assessment for cost of plates, extended banks
Assessment for examiners' fees (sec. 5240, Revised Statutes)
$1, 216,104. ?2
99, 366. 5^
18, 575.00
7, 200. 00
138, 969.39
Total
1,480,215.63
The following table is a comparative statement of taxes assessed as
semi-annual duty on circulation, cost of redemption of notes, cost of
plates, and examiners' fees for the past nine years:
Years.
1883
1884
1885
1886
1887
1888.
1889
1890
1891
Total..-.
Semi-annnual
duty on circulation.
Cost of redemp- Assessment Assessment Assessment
tion of notes for cost of for cost of
for examby the
ex- iners' fees
new plates,
United States plates,
tended
(sec. 5240,
banks.
Treasurer.
banks.
R.S.).
$3,132, 006.73
3,024, 668. 24
2, 794, 584. 01
2,592,021. 33
2,044, 922.75
1,616,127.53
1, 410, 331.84
1,254,839. 65
1,216,104.72
$147,592.27
160, 896. 65
181,857.16
168, 243. 35
138, 967. 00
141,141.48
131,190. 67
107, 843.39
99, 366.52
$25, 980.00
18, 845. 00
13,150.00
14,810. 00
18,850. 00
14,100. 00
12,200.00
24,175. 00
18, 575. 00
$34,120.00
• 1,950.00
97, 800.00
24,825.00
1, 750. 00
3, 900. 00
575. 00
725.00
7, 200.00
19, 085, 606. 80
1, 277, 098.49
160, 685. 00
172, 845. 00 1, 047, 768.40
Total.
$94, 606.16 $3,434,305.16
99, 642.05 3, 306, 001.94
107, 781. 73 3,195,172.90
107, 272, 83 2, 907,172.51
110, 219. 88 ' 2, 314, 709.63
121, 777. 86 1, 897, 046.87
138, 725. 79 1,685,023.30
136,772. 7.1 1, 524,355.75
138, 969. 39 1,480,215.63
21,744,003.69
Formerly national banking associations were required to pay a separate tax on both capital and deposits. The act approved March 37
1883, abated all taxes except that on circulation.
The total tax collected from the national banks up to July 1, 1891,
amounted to $7,855,887.74 on capital, $60,940,067.16 on deposits, and
$71,339,125.04 on circulation, making a total of $140,135,079.94,
REPORT OF THE COMPTROLLER OF THE CURRENCY.
57
LOANS.
The following table gives a classification of the loans of the national
banks in each of the central reserve cities of Kew York, Chicago, and
St. Louis, in other reserve cities classified in groups, and in the rest of
the country at nearly the same dates in each of the last five years;
OCTOBER 5, 1887.
On single
lOnTT:nited On other
name paper
No. of
stocks,
States
banks. bonds on bonds, etc., without
other
demand. on demand.
security.
New York
Chicago
St. Louis
Group No. 1,4 cities
Gronp No. 2,4 cities
Group No. 3,4 cities
Group No. 4,4 cities
Country
1,445, 900 $95, 075,844 $17, 585,496
47 $1.
500 10,821*7351 15,498, 986
18
279, 603
5
1,182, 214
126
56,805 37, 717,725 32,464,759
7, 710, 369
41
60, 430
6,111,182
8,087,222
35
48,400
7, 887,689
1,117,443
8,213,092
7,500
21
2,756 1,413,918 44,335,893 124,035,463
All other
loans.
$143,906,941
34, 754, 972
8,920,936
177,884,888
35, 568, 827
43,232, 749
20,827,885
693,790,281
Total.
$258,014,181
61,076,193
10, 382,753
248.124,177
49,' 450, 807
59,256, 060
30,165,920
863, 575,555
3,049 3,033,453 206,048,445 212,076,270 1,158,887,479 1, 580,045, 647
Total
OCTOBER 4, 1888.
New York
Chicago
St. Louis
Group No. 1,4 cities.
Group No. 2,4 cities
Group No. 3,4 cities
Group No. 4,4 cities
Country
46 $2,132,159'$108,466,001 $28,626,295
9, 631,825 14,155,001
19
359, 296
921, 854
306,450
4.
148, 770 44,271,164 41,430,120
128;
7,806,
794
10,
765
7,182,779
41 i
75, OOOi 6, 570, 938
7,260, 665
33!
1,205, 596
8, 501,966
1, 200
22|
577,484 42, 586,172 135,967,639
2,847j
$153,271, 026
41,129, 615
6,988,242
182, 567,237
37,435,637
42,188,407
21,303, 327
721, 806,861
3,140 3,304,674 221,460,144 243,430 915 1,206,690,352
Total
$292,495,481
65,275, 737
8, 216, 546
268,417,291
52,435,975
56,095,010
31,012, 089
900,938,156
1,674,886,285
S E P T E M B E R 30, 1889.
On demand,! On time,
On paper
w i t h TJ. S. with U. S.
On paper
with
inbonds,
other bonds, othNo. of with single dorsers, other bonds,
bonds,
banks. name, unse- erwise un- stocks, or stocks, or
cured.
secured.
collaterals collaterals
as security. as security.
New York
Chicago
St. Louis
Group No. 1,4 cities
Group No. 2,4 cities
Group No. 3,4 cities
Group No. 4,4 cities
Country
Total
,
45 $31,866,578 $119,366,417 $109,>, 579,495 $43,085,
31,275,073 —
20 15,947, 708
12,702, 779 12,455,
7,863, 955
1,846,621
2,897,
5
866, 900
145,457,842
54
280, 694 43,847,
129 43,237,334
29,328,014
9,770,705 12, 056,
43
8,308, 283
39,473,645
8, 337, 056
6,419,
33
8, 618, 618
16,140,667
3,432,808
7, 661,
23
9, 051,215
636,484,540
54,
314,240
125,279,
2,992 154,475,783
Total.
$303, 898,166
72, 381, 075
13, 475, 246
286, 823,504
59, 468,472
62, 848, 516
36, 285,921
970, 553,839
3,290 272,372,4101,025,390,153 254,264,398 253,702,777 1, 805,729,739
OCTOBER 2, 1890.
New York
Chicago
St. Louis
Group No. 1, 5 cities* t
Group No. 2,4 cities*..
Group No. 3,6 cities* t
Group No. 4,4 cities*..
Country
Total
47 29,044,063
19 16,714, 673
8
2,172,008
138 45, 604,639
8,683,687
50
46J 21,118, 680
25 10,116,981
3,207 164,665,256
J
122,226,904
27,897,562
16,274,789
146,363, 799
33,311,338
55,649,978
18,602,080
685, 600.401
302, 372,932
17,125,219
4,346,312
56,582, 852
11,002,538
10,540,565
6,225,020
63,538,244
43,466,652 297,110, 551
16,506, 704 78,244,158
6, 681,993 29,475,102
48,6G4, 875 297,21G, 165
13,140,182
66,137, 745
10,752,917
98,062,140
10, 313,144 45,257, 225
144,715,700 1, 058,519,601
3,540j 298,119,987 1,105,926,851 271,733, 682 294,242,167 1, 970,022, 687
58
REPORT OF THE COMPTROLLER OF THE CURRENCY.
S E P T E T HER 25, 1R91.
On demand On time,
with TJ. S. with U. S.
bonds, other boimds, other
bonds,
bonds,
stocks, or stocks, or
collaterals collaterals
as security. as security.
On paper
with single
nanie,
unsecured.
New York
Chicago
St. Louis
Group—
No. 1, 5 cities*!
No. 2, 4 cities*..
No. 3, 7 cities*!
No.4, 4cities*..
Countries
Total
49 $25,125,313 $116, 957, 046
34,889,300
21 17,937,791
14, 617,141
2,093,451
9
136 42,118,748
8, 457, 434
54
49 18. 809,101
26
7,498,961
1,333 159,412, 548
141, 021, 853
29, 991, 803
54, 500,479
14,130, 558
662, 814,133
7,677 281,453,3471,068,922,313
Total.
$2,925,418 $113,;, 787,196 $42,783,829 $301, 578, 802
3, 704, 939 13,525, 638 17, 508, 229
87,565, 897
558,571
3, 999,711
6,595,233
27,864,107
9, 015,155
1, 084, 034
3, 361, 241
2,100, 638
35,679. 202;
54,233,863 48,397,495 294,787,114
11,149, r
14,393, 999
65, 077,198
9,923, 642 11, 684,959
98, 279, 422
5, 596,114
9,954,626
39, 286, 897
54,065,103 162, 943,7571,074,914, 803
58,435,285 266,281,195 314,262,1271,989,354,240
* Group No. 1, Boston, Albany, Brooklyn, Philadelphia, and Pittsburg. Group No, 2, Baltimore,
Washington, New Orleans, and Louisville. Group No. 3, Cincinnati, Cleveland, Detroit, Milwaukee,
DesMoines, St. Paul, and Minneapolis. Group No. 4, Kansas City, St. Joseph, Omaha, and San Francisco.
t Brooklyn, St. Paul, and Minneapolis were not reserve cities prior to 1890.
In the table below is given a full classification of the loans in
York City alone for the last six years :
Oct. 7,1886.
Oct. 5,1887.
Oct. 4,1888.
Sept. 30,1889.
Oct. 2,1890.
45 banks.
47 banks.
46 banks.
45 banks.
47 banks.
On indorsed paper
$121,381,380
24,646,008
On single-name paper
2,002,550
On TJ. S. bonds on demand
On other stocks, etc., on de91,636,791
mand
211, 432
On real estate security
13,854, 215
All other loans
$115,316,625
17,585,496
1,445, 900
$117, 707,044
28, 626, 295
2,132,159
$119, 369,404
31,866, 578
1,124,109
$122,226, 904
29, 044,063
583,820
95,075,844
146, 885
28, 443, 431
108,466, 001
113,494
35,450, 488
108,258,112
201,878
43,078,085
101, 789,112
228, 778
43, 237,874
253, 732,376
258,014,181
292, 495,481
303,898,166
297,110,551
Loans and discounts.
Total
Sept. 25,1891.
Loans and discounts.
49 banks.
On paper with single name, unsecured
,
On paper with one or more indorsers, otherwise unsecured
On demand with one or more indorsers, otherwise unsecured
On demand with TJ. S. bonds, other bonds, stocks, or collaterals, as security
On time with TJ. S. bonds, other bonds, stocks, or collaterals, as security
Total
$25,125,313
116, 957,046
2, 925,418
113,787,196
42, 783,829
301,578,802
KEPORT OF THE COMPTROLLER OF THE CURRENCY.
59
The subjoined tables bring' forward to the latest date the usual summary of information as to the course of deposits and reserve since the
act of June 20? 1874, went into affect. They show the amount of deposits and the state of the reserve at about October 1 of each year, in
each central reserve city, in all the reserve cities, and in the States and
Territories, with a general summary embracing all active national banks:
FEW YORK CITY.
Date.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Sept.
2,1874
1,1875
2,1876
1,1877
1,1878
2,1879
1,1880
1,1881
3,1882
2,1883
30,1884
1,1885
7,1886
5,1887
4,1888
30,1889
2,1890
25,1891
Average for
18 years . . .
Reserve held. I
Classification of reserve.
Reserve
No. of Net de- required
banks. posits. (25 per Amount. Ratio to Specie. Other law- Due from Redempdeposits.
ful money. agents. tion fund.
cent).*
48
48
47
47
47
47
47
48
50
48
44
44
45
47
46
45
47
49
47
Millions. Millions. Millions. Per cent. Millions. Millions. Millions. Millions.
33.4
52.4
51.2
14.4
68.3
204.6
1.5
29.9
50.7
54.4
60.5
5.0
202.3
•
LI
30.7
49.5
60.7
45.3
197.9
14.6
0.8
27.5
43.7
48.1
174.9
34.3
13.0
0.8
26.8
47.4
50.9
189.8
36.5
13.3
1.1
25.3
52.6
53.1
210.2
32.6
19.4
1.1
26.4
67.0
70.6
268.1
11.0
58.7
0.9
23.3
67.2
62.5
268.8
10.9
50.6
1.0
25.4
63.5
64.4
254.0
18.9
44.5
1.0
26.5
66.7
70.8
266.9
19.7
50.3
0.9
35.6
63.7
90.8
255.0
27.0
63.1
0.7
37.0
78.2
115.7
312.9
23.7
91.5
0.5
27.2
70.7
77.0
282.8
12.5
64.1
0.4
28.2
71.1
80.1
284.3
16.1
63.6
0.4
28.2
85.5
96.4
342.2
22.1
0.3
73.9
25.1
84.5
84.9
338.2
0.2
25.6
59.1
27.8
83.2
92.5
332.6
0.2
13.9
78.4
26.3
81.9
86.1
327.8
0.3
32.0
53.8
261.8
65.5
74.1
28.3
46.2
27.2
0.7
12.9
13.1
15.3
17.0
20.1
6.7
7.8
9.6
7.8
11.0
0.05
0.05
0.05
0.05
0.05
1.3
1.0
1.6
3.1
3.8
1 R
1 1
1
o
2. 0
0.03
0.02
0.01
0.02
0.02
CHICAGO.
Oct.
Oct.
Sept.
Oct.
Sept.
5,1887
5,1888
30,1889
2,1890
25,1891
18
19
20
19
21
64.6
69.3
78.7
82.9
92.9
16.2
17.3
19.7
20.7
23.2
19.7
21.0
25.0
24.8
31.2
30.5
30.2
31.7
30.0
33.6
ST. LOUIS.
Oct.
Oct.
Sept.
Oct.
Sept.
5,1887
4,1888
30,1889
2,1890
25,1891
5
4
5
8
9
10.3
7.9
12.0
26.2
24.2
2.6
2.0
3.0
6.5
6.1
2.7
2.1
3.2
5.6
5.8
26.4
27.0
26.7
21.3
23.8
h
*AU lawful money.
RESERVE CITIES.*
[Reserve 25 per cent, one-half in lawful money.]
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Sept,
2.1874
1.1875
2.1876
1.1877
1.1878
2.1879
1.1880
1.1881
3.1882
2.1883
30,1884
1.1885
7.1886
5.1887
4.1888
30,1889
2,1890
25,1891
221.4
223.9
217.0
204.1
399.9
288.8
289.4
335.4
318. 8
323. 9
307.9
364.5
381.5
338.5
384.9
419.0
457.8
451.9
55.3
56.0
54.2
51.0
50.0
57.2
72.4
83.9
79.7
81.0
77.0
91.1
95.4
84.6
96.2
104.8
114.4
113.0
76.0
74.5
76.1
67.3
71.1
83.5
105.2
100.8
89.1
100.6
99.0
122.2
114.0
100.7
116.9
121.9
129.8
138.8
34.3
33.3
35.1
33.0
35.6
36.5
36.2
30.0
28.0
31.1
32.2
33.5
29.9
29.7
30.4
29.1
28.3
30.7
4.5
1.5
4.0
5.6
9.4
11.3
28.3
34.6
28.3
26.3
30.3
42.0
44.5
36.3
40.0
37.8
43.1
45.5
36.7
37.1
37.1
34.3
29.4
33.0
25.0
21.9
24.1
30.1
33.3
34.9
26.0
23. 2
24.5
26.7
24.9
31.5
•Includes Chicago and St. Louis up to Oct. 5, 1887.
31.1
32.3
32.0
24.4
29.1
35.7
48.2
40.6
33.2
40.8
32.3
42.4
41.3
40.0
53.5
56.7
61.0
61.0
3.7
3.6
3.0
3.0
3.2
3.5
3.7
3.7
3.5
3.4
3.1
2.9
2.2
1.2
0.9
0.6
0.7
0.8
60
REPOET OF THE COMPTROLLER OF THE CURRENCY.
STATES A1STD TERRITORIES.
Reserve held.
Reserve
Date.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Sept.
2,1874
1,1875
2,1876
1,1877
1,1878
2,1879
1,1880
1,1881
3,1882
2,1883
30,1884
1,1885
7,1886
5,1887
4,1888
30.1889
2,1890
25,1891
Classication of reserve.
Ko.of Ket de- required
banks. posits. (15 per Amount. Ratio to Specie. Other law- Due from Redempcent).*
deposits.
ful money. agents. tion fund.
r
1,774
1, 851
1, 853
1,845
1,822
1,820
1,859
1,895
2,026
2, 253
2,417
2,467
2,590
2,756
2,847
2,992
3,207
3,333
Millions. Millions. Millions. Per cent. Millions.
293.4
44.0
100.6
;u. 3
24
L6
307.9
46.3
100.1
32. 5
2.7
291.7
43.8
99.9
34.3
4.2
290.1
43.6
95.4
32. 9
8.0
289.1
43.4
106.1
36.7
329.9
49.5
124.3
37.7
11.5
410.5
61.6
147.2
35.8
21.2
507.2
76.1
158.3
31.2
27.5
545.8
81.9
150.4
27.5
30.0
577.9
86.7
157.5
27.2
31.2
535.8
80.4
156.3
29.2
35.2
570.8
85.6
177.5
31.1
41.5
637.6
95.6
186.2
29.2
47.8
690.6
103.6
190.9
27.6
50.8
739.2
110.9
209.8
28.4
50.2
807.6
121.1
224.6
27.8
50.5
859.2
128. 9
225.5
26.2
54.3
861.8
129.3
235.5
27.3
60.3
Millions. Millions. Millions.
33.7
52.7
11.9
33.7
53.3
11.6
31.0
55.4
10.8
31.6
48.9
10.7
31.1
56.0
11.0
30.3
71.3
11.2
28.3
86.4
11.3
27.1
92.4
11.4
30.0
80.1
11.3
30.8
84.1
11.3
30.9
79.7
10.5
29.9
95.9
10.2
8.7
30.1
99.5
6.6
32.6
100.9
6.2
34.5
119.0
5.5
36.2
132.4
5.2
37.7
128.5
36.8
133.0
5.4
* Reserve 15 per cent, two-fifths in lawful money.
SUMMARY.
Oct. 2,1874
Oct. 1,1875
Oct. 2,1876
Oct. 1,1877
Oct. 1,1878
Oct. 2,1879
Oct. 1,1880
Oct. 1,1881
Oct. 3,1882
Oct. 2,1883
Sept. 30,1884
Oct. 1,1885
Oct. 7,1886
Oct. 5,1887
Oct. 4,1888
Sept. 30,1889
Oct. 2,1890
Sept. 25,1891
2,004
2,087
2,089
2,080
2,053
2,048
2,090
2,132
2,269
2,501
2,664
2,714
2.852
3,049
3,140
3,290
3,540
3,677
719.5
734.1
706.6
669.1
678.8
768.9
968.0
1,111.6
1,118. 6
1,168.7
1,098.7
1,248.2
1, 301. 8
1, 388.4
1, 543. 6
1, 655. 5
1, 758. 7
1, 758.6
150.1
152.2
147.5
138.3
140.8
159.3
201.0
227.2
225.1
234.4
221.1
254.9
261.7
278.0
311.9
333.1
353.7
353.5
244.9
235.1
236.7
210.8
228.1
260.9
323.0
321.6
303.9
328.9
346.1
415.4
377.2
394.2
446.2
459.6
478.2
497.4
34.0
32.0
33.5
31.5
33.6
33.9
33.4
28.9
27.2
28.1
31.6
33.3
29.0
28.4
28.9
27.8
27.2
28.3
21.3
8.1
21.3
22.8
30.7
42.2
108.2
112.7
102.8
107.8
128.6
175.0
156.4
165.1
178.1
164.3
195. 9
183.5
122.8
125.2
113.4
100.2
97.0
95.9
64.3
59.9
72.0
80.6
91.2
88.5
68.7
79.9
90.1
99.7
86.8
113.3
83.8
85.6
87.4
73.3
85.1
107.0
134.6
133.0
113.3
124.9
112.0
138.3
140.8
140.9
170.5
189.1
389.5
194.0
17.1
16.3
14.6
14,5
15.3
15.8
15.9
16.1
15.8
15.6
14.3
13.6
11.4
8.3
7.6
6.4
6.1
6.6
In the preceding tables the specie held represents the aggregate of
gold and silver coin, Treasurer's certificates, and clearing-house gold
certificates. A table will be found in the Appendix, page 148, showing
the amount of each kind of coin and certificates held by the banks in
each State and reserve city in October, 1888, September, 1889, October,
1890, and September, 1891.
FAILED BANKS.
Twenty-five national banks, with an aggregate capital of $3,662,000,
were placed in the hands of receivers during the year, as shown in the
following statement. In one case creditors have received 55 per cent
of the principal, in another 45 per cent, in three cases 20 per cent, and
in three cases 15 per cent.
61
EEPOET OF TIIK C(BUTUOLLKR OF THE CURRENCY.
STATEMENT OF F A I L E D BANKS, TTIKIII SURPLUS • AND LIABILITIES, ACCORDING TO
L A S T KEPOIIT OF CONDITION.
As shown at date of last report of condition in each case.
Date of
authority to
Name and location of bank. commence
business.
Date of Receiver
failure. appointed
Date of
Surplus
un- Other lia- last reCapital. and
divided bilities*. port of
condition.
profits.
First National Bank of Alma, Kans
First National Bank of
Belleville, Kans
First National Bank of
Meade Center, Kans
American National Bank of
Arkansas City, Kans
City National Bank of Hastings, Nebr
Peoples' National Bank of
Fayetteville, N. 0
Spokane National Bank of
Spokane Falls, Wash
1890.
Aug. 3,1887 Nov. 10
1890.
Nov. 21
$75,000
4,577
18,409
Aug. 28,1885 Dec.
2
Dec. 12
50,000
6,856
43, 240
5,1887 Oct. 17
Dec. 24
50,000
4,009
8
Dec. 26
300,000
29,323
604,001
Dec. 27,1883 Dec. 27
1891.
Jan. 14
100,000
318
123,374
Dec. 17
J u n e 27,1872 Dec. 31
Jan. 20
125,000
33,490
130,841
Oct.
2
Jan. 24,1888 Dec. 18
Feb.
3
100,000
31, 610
565, 593
Oct.
2
Feb. 11
50,000
15,850
136, 250
Dec. 19
Mar. 25
50, 000
10,138
110, 248 Dec. 19
Apr. 7
50,000
8,065
May 9
May
Mar. 15,1889 Dec.
First National Bank of Ells1891.
worth, Kans
Sept. 11,1884 Jan. 26
Second National Bank of
McPherson, Kans
Sept. 16,1887 Mar. 2
Pratt County National Bank
of Pratt, Kans
Sept. 8,1887 Feb. 26
Keystone National Bank
July 30,1875 Mar. 20
of Philadelphia, Pa
Spring Garden National
Bank of Philadelphia,
Mar. 13,1886 May 8
Pa
National City Bank of
Marshall, Mich
July 29,1872 June 3
Red Cloud National Bank
of Red Cloud, Nebr
May 10,1884 June 26
Asbury Park N a t i o n a l
Bank of Asbury Park,
Sept. 17,1887 July 1
N.J
Ninth National Bank of
Sept. 12,1890 July 1
Dallas, Tex
First National Bank of
Nov. 8,1882 May 22
Eed Cloud, Nebr
Central Nebraska National
Bank of Broken Bow,
Sept. 28,1888 June 12
Nebr
Florence National Bank of
Oct. 3,1889 June 22
Florence, Ala
First National Bank of PaJuly 15,1884 July 17
latka, Fla
First National B a n k of
May 17,1887 July 16
Kansas City, Kans
Rio Grande National Bank
Oct. 28,1889 Sept. 14
of Laredo, Tex
First National Bank of
Jan. 30,1806 Sept. 29
Clearfleld, Pa
Farley National Bank of
Dec. 18,1889 Aug. 21
Montgomery, Ala
First National Bank of
May 9,1887 Sept. 21
Coldwater, Kans
Total.
1890.
Oct.
2
Oct.
2
Oct.
2
Oct.
2
67,379
Dec. 19
500,000
120, 664 1,856,329
1891.
Feb. 26
May 21
750,000
171,725 2, 007, 463 Feb. 26
June 22
100,000
34,236
July 1
75,000
7,316
July 2
July 16
July 16
100,000
5,626
300, 000
11, 641
75, 000
11,840
76,435
Feb. 26
July 21
July 23
Aug. 7
Aug. 17
Oct. 3
Oct. 7
Oct. 7
Oct. 14
76,726
May
4
94, 553 May
4
May
4
267, 063 July
9
44,671
60,000
12,458
97,891
May
4
100,000
5,374
74,466
May
4
150, 000
27,098
329, 640 July
9
150, 000
14,374
159,737
May
4
100,000
6,009
70,233
July
9
100,000
50,192
178,895
July
9
100, 000
28,118
171, 508
July
9
52,000
791
30,592
July
9
3,662,000
651,698 7,360, 525
* Total, as per report, except capital, surplus, circulation, undivided profits, and unpaid dividends.
CAUSES OF FAILURE.
The First National Bank of Meade Center, Kans., closed its doors
October 17,1890, being unable to satisfy demand liabilities presented
for payment.
Injudicious loans had been made which were not readily convertible,
and a sudden demand for the payment of a county deposit precipitated
62
REPORT OF THE COMPTROLLER OF THE CURRENCY.
suspension. The remote causes of failure were negligence of directors,
general stagnation of business, and decrease in values, resulting from
continuous failure of crops.
The First National Bank of Alma, Kans., for several months prior to
suspension of business had received more than ordinary attention from
the national bank examiner, two examinations having been made
within a period of six months. The president of the bank was accused
of borrowing money on the strength of the bank's indorsement for personal use and investment in private enterprises, and of issuing certificates of deposit in blank sums to be sold under contract by outside
parties. Judgments were resting against the president individually,
and judgment had been obtained against the bank by a correspondent,
the sheriff levying upon the real and personal property. The amount
of demand liabilities was very small and voluntary liquidation was contemplated, but an examiner, who visited the banfc with special instructions, closed the doors on [November 10, 1890, after due examination.
The First National Bank of Belleville, Kans., closed its doors December 2, 1890.
The president was a large borrower, and used the bank for individual
purposes. The banking house was destroyed by fire October 28, and
from that date deposits gradually diminished, seriously limiting the
business of the bank. The president was active in promoting local enterprises, some of which were total failures, and there was no return
from investments.
The creditors have been paid 55 per cent on the principal of claims
proved.
The American National Bank of Arkansas City, Kans., closed its doors
December 8, 1890.
The condition of affairs was complicated. The officers of the bank
had used assets to further personal interests, and created large and excessive loans. The immediate cause of suspension was inability to pay
a demand certificate of deposit. There was an unwarranted extension
of business in attempting to sustain enterprises in which the officers
were interested, and large sums of money were borrowed upon certificates of deposit at high rates of interest. Dividends were paid to shareholders not justified by the earnings of the bank, and the directors were
guilty of gross inattention to duty, disregard of the law and advice from
the Comptroller.
Dividends have been paid amounting to 20 per cent on the principal
. of claims proved, and the assets may prove to be sufficient for payment
in full.
The Spokane National Bank of Spokane Falls, Wash., closed its doors
December 18, 1890.
The entire management of affairs was committed to the cashier and
the vice-president, who were the moving spirits in speculative enterprises, which were carried on without interference or control by the
directors, the latter never giving the bank any attention, but lending
their names in support of the reckless operations of the cashier. About
one-half of the deposits were locked up in private banks and mining
interests. This condition of affairs made it impossible for the bank to
meet its demand obligations, and was the immediate cause of suspension.
A dividend of 15 per cent has been paid to creditors on the principal of claims proved.
The City National Bank of Hastings, Nebr., closed its doors December 27, 1890.
On October 17 an assessment upon the shareholders, amounting to
REPORT OF THE COMPTROLLER OF THE CURRENCY.
63
50 per cent of the capital stock, was levied by the Comptroller, and
remained unpaid. The examiner upon taking charge discovered the
fact that more than one-half of an increase of capital certified to the
Comptroller as having been paid in, and authorized by him in accordance with law, was represented by the notes of subscribers, the obligations remaining unpaid at date of suspension.
Notes had been rediscounted for persons to whom the president had
transferred real estate at fictitious values. High rates of interest were
paid on certificates of deposit and bills payable to non-resident capitalists for several years prior to the suspension, and dividends not earned
were declared and paid to shareholders. The board of directors was
inattentive to duty, which made reckless mismanagement possible.
A dividend of 15 per cent has been paid to creditors on the principal of claims proved.
The People's National Bank of Fayetteville, N. 0., closed its doors
December 31, 1890, the immediate cause being a slight run by depositors. The condition of affairs, as reported by the examiner upon
taking charge, showed gross irregularities by the president and criminal violation of law. As a critical examination progressed, it was
found that the bank had been practically insolvent for many years, the
Comptroller and the examiners havingbeen deceived through systematic
and successful attempts to carry among the assets a large amount of
note's and bills as alive and secured which were in fact past due and
worthless.
The president was permitted to abstract funds of the bank upon the
indorsement of notes taken by him in connection with an outside enterprise, and which v/ere represented as being secured by chattel mortgage. Fictitious drafts were drawn and carried by the bank as bills of
exchange. The president was thoroughly dishonest; but, because the
directors and other officers either did not know their duties or utterly
failed to perform them, he was enabled to completely wreck the bank,.
All the facts were promptly reported to the United States district
attorney. The president was arrested, but the grand jury Tailed to
find an indictment.
A dividend of 20 per cent has been paid to creditors on the principal
of claims proved.
The First National Bank of Ellsworth, Kans., closed its doors January
26, 1891. Suspension was inevitable as the result of injudicious and
reckless loans to the cashier and his friends, the funds being used and
lost in speculation. A dividend of 15 per cent has been paid to creditors on the principal of claims proved.
The Pratt County National Bank, of Pratt, Kans., closed its doors
February 26, 1891. The president was a large borrower and a wild
speculator. The bank was compelled to take mortgages to secure his
indebtedness, which were not valuable as live assets, the aggregate
amount representing more than one-half of the capital of the bank. The
bank also suffered large losses in the earlier period of its existence,
but the management undertook to conduct a successful business byborrowing on bills payable and bills receivable and paying excessive
rates of interest on deposits. Upon sudden demand for the payment
of the deposit of the county treasurer, the bank was forced to suspend.
A dividend of 20 per cent has been paid to creditors on the principal
of claims proved.
The Second National Bank of McPherson, Kans., closed its doora
March 2y 1891. The failure of this bank was due to the reckless man
G4
REPORT OF THE COMPTROLLER OF THE CURRENCY.
agement of its president, who squandered the assets. "When the bank
suspended he committed suicide.
The Keystone National Bank of Philadelphia, Pa., was closed to
business on the morning of March 20, 1891 ? by order of the Comptroller
of the Currency, the examiner immediately taking charge.
An assessment upon the shareholders had been previously levied to
make good an impairment of the capital, as such impairment was then
estimated. The assessment was not responded to by the shareholders,
and upon disclosures made by the president of the bank in person to
the Comptroller, on the evening of March 19, immediate action was taken
and the bank was closed. According to the records of the bank as
then disclosed, the capital had not been entirely lost, but subsequent
investigation developed the fact that collusion among the officers and
employes had resulted in successfully deceiving the examiner and the
Comptroller with respect to the true condition of the bank.
The causes of the failure were reckless and criminal use of funds belonging to the bank, the bookkeeper having aided the president, who is a
fugitive from justice, in deceiving the examiner by false entries, such
entries being made at or about the dates of examination. This bookkeeper, after the suspension, admitted his guilt and was arrested,
brought to trial, and sentenced to imprisonment for a term of seven
years. Subsequently three other persons connected with the bank
were arrested upon information and are now held under bail for collusion.
A thorough investigation has progressed since the date of suspension,
for the purpose of ascertaining all the facts andfixingpersonal liability.
The city treasurer of Philadelphia appeared to be a large creditor, and
permission was granted State and city authorities to investigate the
records of the bank for the purpose of ascertaining the precise facts.
The Treasury Department also instituted an investigation of all the
records of the bank, with the view of ascertaining who is liable, criminally or otherwise, for the failure, which, is still in progress.
The Spring Garden National Bank of Philadelphia, Pa., closed its
doors on the morning of May 8,1891, being unable to settle with the
clearinghouse. This suspension closely followed that of the Keystone
National Bank, and as investigation proceeded it became evident that
there had been criminal violations of law. On May 28 the president
and cashier were arrested upon information and brought to trial. They
were found guilty and relegated to the penitentiary for a term of ten
years each.
The First National Bank of Eed Cloud, Nebr., was closed by the examiner May 22, 1891, payment of a certificate of deposit having been
refused, and in obedience to telegraphic instructions from the Comptroller. Upon investigation it was discovered that the bank had been
in an insolvent condition for a considerable period of time, such condition having been caused by irregularities of former officers and general mismanagement. No meeting of the shareholders had apparently
been held for more than two years, and the officers and employes
immediately in charge were permitted to conduct its affairs. The funds
of the bank were largely loaned to its officers and their relatives, the
loans not being properly secured.
The National City Bank of Marshall, Mich., closed its doors June 3,
1891. On June 2 the Comptroller was advised that the assistant
cashier had embezzled a large sum of money, but that the bondsmen
were able and willing to make good the entire loss without delay.
The cashier was very inattentive to duty, and tlie directors, having
REPORT OF THE COMPTROLLER OF THE CURRENCY.
65
unbounded confidence in the integrity of the employes, grossly neglected the interests of the bank. As investigation proceeded the embezzlement was found to equal the entire capital stock. On May 27
the examiner discovered the defalcation and informed the directors,
but as the bank was still considered solvent, no action was taken to
secure arrest, and the embezzler escaped before the doors were closed
and the examiner took charges
A dividend of 50 per cent has been paid to creditors upon the principal of claims proved.
The Eed Cloud National Bank of Bed Cloud, Nebr., was closed by
order of the Comptroller June 26,1891. All of its capital was represented by unconvertible securities, and the funds of the bank had been
invested in local enterprises, at great loss.
The condition of the bank was due to bad management and a total
disregard of sound banking principles.
The Asbury Park National Bank of Asbury Park, N. J., was closed
by order of the Comptroller July 1, 1891. During the period of the
bank's existence a sufficient amount of individual deposits were not obtained to make a profitable business. A large and costly building was
constructed, and as an asset was not consistent with the volume of business. The president borrowed large sums, bad loans were made, and
excessive interest was paid. Expenditures and losses were in excess of
earnings, the directors were negligent of duty, and false statements of
condition were made. The public and correspondent banks lost confidence and suspension became inevitable.
The Central Nebraska National Bank of Broken Bow, Nebr., was
closed by the examiner on the morning of June 12, 1891, upon receipt
of instructions from the Comptroller. The immediate and remote causes
for this action were the heavy loans made to individual directors, aggregating three-fifths of the capital of the bank, and the heavy loss sustained upon bills receivable, which had been foisted upon the bank
through questionable methods adopted by the officers in endeavoring
to aid outside enterprises wholly foreign to the locality. Large sums
of money were borrowed at high rates of interest, for which nearly all
of the good paper of the bank had been pledged as security.
The Florence National Bank of Florence, Ala., closed its doors June
22, 1891, the entire capital having been lost. The former president had
absolute control, improperly used the funds of the bank to sustain outside enterprises, and was forced to resign $ but his management had
placed the bank in a position from which it could not recover. The
suspension of the bank was precipitated by the protest of drafts aggregating an inconsiderable amount drawn upon a correspondent bank.
The Ninth National Bank of Dallas, Tex., was closed by the examiner
July 1,1891, upon receipt of telegraphic instructions from the Comptroller. The bank commenced business in September, 1890, and was
controlled by the cashier, who had previously become indebted for a
large amount to another national bank, of which he was an officer, and
funds of the Ninth National Bank were used to liquidate his indebtedness. The directors held meetings only on call, and were not attentive
to duty. A large proportion of the loans were made to irresponsible parties without sufficient security, and the proceeds were subrogated to
the uses of the cashier. A new management was effected, but the capital had become so impaired that suspension was inevitable. After the
examiner took charge an attempt was made to control sufficient funds
for the payment of creditors in full, so that the bank might be placed
in voluntary liquidation, bat the effort did not succeed. From the
11167
5
66
REPORT OF THE COMPTROLLER OF THE CURRENCY.
records it would appear that the failure was almost entirely due to the
wild speculations and dishonest practices of the cashier.
The First National Bank of Kansas City, Kans., closed its doors July
16, 1891, upon demand for the payment of the city deposit. A former
president, in conjunction with the vice-president, were active speculators in real estate and the promoters of outside enterprises. These officers, and other real estate dealers, became indebted to the bank for
large sums, and when a reaction from abnormally high prices resulting
from a so-called "boom" occurred, were unable to meet their obligations or secure them with convertible collaterals. Settlements were
forced upon the bank by transfers of real estate, to such an extent that
the assets were tainted with a doubtful or worthless character. The
credit of the bank having become impaired, confidence was destroyed,
and stringency in the money market caused a withdrawal of deposits.
The bank was unable to borrow from correspondents, not being able to
pledge sufficient security, and finally could not meet demand obligations.
The First National Bank of Palatka, Fla., closed its doors July 17,
1891. The president was connected with a city banking institution
which failed. Public confidence was destroyed, which resulted in a considerable withdrawal of deposits. A large amount of stock, bonds, and
real estate mortgages were among the assets, which at date of suspension represented a large loss. Serious depreciation of values and stagnation of business were general in the locality. Formerly, the management having been left entirely to the president, loans and investments
were made in outside enterprises, dependent wholly upon the duration
of exceptional local prosperity. The president and his relatives were
large borrowers, and invested the funds in sustaining local schemes.
Finally the bank was unable to borrow from correspondents, or rediscount paper, and could not meet demand obligations.
The Farley National Bank of Montgomery, Ala., closed its doors
August 21, 1891. The immediate cause of the suspension was the protest of drafts, aggregating in amount a sum greater than the capital of
the bank, which had been cashed in the interests of a railroad company,
collateral security being held, but not readily convertible. Efforts are
being made to realize upon the security, so that the bank may resume
business.
The Rio Grande National Bank of Laredo, Tex., was closed by examiner upon receipt of instructions from the Comptroller September
14, 1891. The principal cause of failure Avas the use of the bank's funds
in sustaining an improvement company which owned a large area of
land in the locality. The bank was doing no business, its caj)ital was
seriously impaired, and its resources locked up in unconvertible securities. The depositors were few; the aggregate amount due was insignificant, and there was no money in the bank to loan.
The First National Bank of Coldwater, Kans., was closed by a national
bank examiner, upon receipt of instructions from the comptroller, September 21, 1891. An assessment upon the capital had been made, but
the shareholders did not respond. Former officers of the bank were
reckless speculators in real estate, and failed, owing the bank large
amounts. Their successors were large borrowers for similar purposes.
,The general causes which resulted in suspension were bad and careless
management and indifference to duty on the part of the directors, who
left the management entirely in the hands of the cashier. A movement
to raise sufficient funds to pay creditors in full, so that the bank might
be placed in voluntary liquidation, was abandoned.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
67
The First National Bank of Clearfield, Pa., closed its doors September 29, 1891. The entire capital had been lost. The management of
the bank rested wholly with the president, who had large interests in
ontside enterprises and a State bank, using the national bank for individual purposes. Excessive loans were made in sustaining outside
deals. Good assets were systematically abstracted, and worthless'
assets substituted. Loans not represented by the obligations of firms
and companies in some form or other, in which the president was interested, were based upon accommodation paper. Large loans were
floated, represented by paper made by persons and firms of doubtful
character. The bank acquired control of a mill property, which locked
up large sums of money in the purchase and operation, and was a losing
investment. The directors were either negligent or guilty of collusion.
The irregularities already discovered strongly indicate fraudulent and
gross violations of law. The president was promptly arrested and held
for trial.
The Washington National Bank of New York City was organized
June 5, 1890, with a capital of $300,000. Injudicious loans were made,
and the capital became seriously impaired. The doors were closed to
business March 24, 1891, but the assets being sufficient to pay all liabilities, the bank was permitted to go into voluntary liquidation.
The Newton National Bank of Newton, Kans., closed its doors November 20, 1890. A few months prior to this date an increase of capital
stock had been approved by the Comptroller, the affairs of the bank,
according to reports, being in good condition. A considerable number
of shares of stock were owned by non-residents, who regarded the
investment as secure without inquiry as to the conduct of the bank
with respect to its management.
After suspension the fact was developed that most of the increase
had been collected prior to authorization by the Comptroller, and was
represented substantially by loans made to a bank in Gruthrie, Okla.?
which had failed. The cashier of this bank was the cashier of the Newton National Bank and co-manager. The management of the Newton
National Bank practically rested with the vice-president and cashier.
Only one-third of the capital stock was held by local shareholders,
so that unusual facilities were afforded these officers for using the
funds of the bank uncontrolled, as they owned about two-thirds of the
stock locally held. The officers borrowed largely from the bank, and
pledged a majority of the good bills as collateral security for rediscounts. The Eastern shareholders were prompt in taking steps looking
to a repairment of the capital, and their efforts resulted in a deposit of
sufficient fresh capital in cash to place the bank upon a solvent footing.
The receiver was withdrawn, and the bank was permitted to resume
business July 1,1891.
The Farmers and Merchants' National Bank of Clarksville, Tenn.,
closed its doors December 10,1890, on account of the embarrassment
created by the failure of a private bank and firms indebted to it in
large sums. Eeports indicated that the embarrassment was temporary,
and immediate steps were taken by the shareholders to repair the capital, so that, if permitted, the bank might resume business. Their
efforts were successful, a voluntary assessment was levied and paid,
bad debts were charged off, and as a result there became available
funds sufficient to pay all liabilities, leaving the capital intact. The
bank was permitted to resume business April 20? 1891,
68
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Tlie affairs of three national banks have been closed during the past
year and final dividends have been paid to their creditors.
Name and location of bank.
State National Bank Raleigh N. C
National Bank of Sumter, S C. . . .
Lancaster National Bank, Clinton, Mass
Date of ap- Total divi- Proportion
pointment dends on of interest
of .receiver. principal.
paid.
Mar. 31,1888
Aug. 24,1887
Jan. 20,1886
Per cent.
53
100
100
Per cent.
100
100
Out of 4,648 national banks organized since February, 1863, only 164,
or about 3.53 per cent, have been placed in the hands of receivers; this
includes 9 which had been previously placed in liquidation by the shareholders, but upon their failing to pay depositors the Comptroller appointed receivers to wind up their affairs. Of the 164 failed banks, 35
have paid creditors in full, principal and interest, 6 have paid principal
and a part of the interest, and 12 have paid the principal only. The
affairs of 102 of the 164 banks have been finally closed, leaving 62 in
process of settlement, of which 15 are virtually closed, with the exception
of pending litigation, leaving 47 receiverships in active operation.
The total amount so far paid to creditors of insolvent national banks
has been $38,629,123, upon proved claims amounting to $57,792,028.
The amount paid during the year has been $1,725,883, besides $15,903
paid for dividends declared prior to November 1,1890, on claims proved
since that date. Assessments amounting to $15,173,050 have been made
upon shareholders of insolvent national banks under section 5151 of the
Bevised Statutes of the United States. From this source the gross collections amount to $6,621,409, of which there has been received during
the past year $257,734. Suits are pending in some cases.
In the Appendix, page 208, a table will be found showing, under various heads, amounts collected from the assets of each of the 164 insol
vent national banks, the amounts disbursed, and the purpose. Ail
moneys and assets are accounted for, and the figures supply all information necessary to the ascertainment of percentages and loss.
69
REPORT OF THE COMPTROLLER OF THE CURRENCY.
DIVIDENDS, THIRTY-EIGHT IN NUMBER, PAID TO THE CREDITORS OF INSOLVENT
NATIONAL BANKS DURING THE PAST YEAR, WITH THE TOTAL DIVIDENDS IN
EACH CASE UP TO NOVEMBER 1, 1891.
Date of
Fame and location of bank. appointment
of receiver.
Gloucester City National
Bai*k of Gloucester City,
N.J
Do
Third National Bank of Malone,N.Y
Lancaster National Bank of
Clinton, Mass
First National Bank of Corry,
Pa
Pacific National Bank of Boston, Mass
State National Bank of Wellington, Kas
Do
Do
California National Bank of
San Francisco, Cal.
State National Bank of Raleigh, N. C,
Harper National Bank of
Harper, Kans.
Date.
Amount.
June 12,1890 Nov. 6,1890
Oct. 29,1891
$5,493.06
5,913.81
20
20
Dec. 30,1889 Nov. 12,1890
Jan. 20,1886 Nov. 20,1890
Oct. 11,1887 Dec. 15,1890
11,614.79
20
May 22,1882 Dec. 26,1890
Sept. 25,1890 Dec. 31,1890
Apr. 23,1891
June 30,1891
Jan. 14,1889 { Oct. 7,1891
47, 942. 51
16,900.74
8,700. 52
11,929.39
12,408.41 !
14,127.54
25, 345. 09
9. 85
100
5
90
2
61
25
25
25
5. 55 !
100
9, 780.48
3
53
Feb. 10,1890
Feb.
3,1891
3,766. 22
20
20
Apr. 25,1891
Feb. 4,1891
7, 532. 44
91, 793.32
40
20
60
80
Sept. 22,1891
Feb. 6,1891
46, 219. 26
7,62G. 09
10
15
90
15
Mar. 5,1891
Apr. 23,1891
Feb. 13,1891
7,626. 05
24,451. 41
3,998. 70
15
40
25
30
70
25
Mar. 21,1891
Sept. 30,1891
Mar. 17,1891
5, 669. 32
3, 051. 58
9, 312. 93
20
10
20
45
55
20
May 20,1891
July 28,1891
Mar. 20,1891
13,969.52
23,090. 76
37, 596.11
30
12. 50
35
50
62.50
65
Apr. 15,1891
86, 766. 69
3
Apr. 15,1891
9,161.04
15
Apr. 15,1891
33, 890. 99
96
Apr. 29,1891
12,104. 06
15
100
100
15
May 14,1891
18, 349. 01
July 1,1891
29,649.22
July 20,1891
673,932.20
80
20
73
100
5,873.94
20
July 24,1891
14,710. 63
15
July 28,1891
33,350. 56
20
A u g . 5,1891
216,233. 69
50
Sept. 30,1891
42,588.25
15
....do
77,510. 63
50
1,709,980. 96
cent.
25
50
75
Jan. 12,1891
....do
Proportion of
interest
paid depositors
Per cent. Per
20
40
Mar. 31,1888
Park National Bank of Chi-, July 14,1890
cago, HI.
Do
First National Bank of Ab- Jan. 21,1890
ilene, Kans.
Do
Do
First National Bank of Belle- Dec. 12,1890
ville, Kans.
Do
Do
Kingman National Bank of Oct. 2,1890
Kinsman, Kans.
Do
Do.
First National Bank of Apr. 22,1889
Anoka, Mmn.
Fjxchange National Bank of Apr. 9,1885
Norfolk, Va.
First National Bank of Shef- Dec. 23,1889
field, Ala.
Fifth National Bank of St. i
Louis, Mo.
First National Bank of Ells- I Nov. 15,1887
worth, Kans.
People's National Bank of I Feb. 11,1891
Fayetteyille, N. C.
First National Bank of Mon- Jan. 20,1891
mouth, 111.
Marine National Bank of the Apr. 22,1884
City of New York, N. Y.
Pratt County National Bank May 13,1884
of Pratt, Kans.
City National Bank of Hast- Apr. 7,1891
ings, Nebr.
American National Bank of Jan. 14,1891
Arkansas City, Kans.
Fidelity National Bank of Dec. 26,1890
Cincinnati, Ohio.
Spokane National Bank of June 27,1887
Spokane Falls, Wash.
National City Bank of Mar- Feb. 3,1891
shall, Mich.
June 22,1891
Total
Total
dividends
paid dePer cent. positors.
Dividends paid during the year.
100
70
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INACTIVE RECEIVERSHIPS.
Fifteen banks remain in the hands of receivers, the affairs of which
are practically wound up, and the trusts are kept on the inactive list
because of pending litigation or of the possession of assets, an immediate disposition of which would entail unnecessary sacrifice. The
expenses of a trust in this condition are nominal and limited to what is
actually necessary to proper and careful attention to the matters in
abeyance. Titles to property pass through a receiver and the courts,
but final dividends are sometimes paid from the office of the Comptroller, especially in the event of a considerable lapse of time after a
receiver has realized upon all available assets.
By comparison with the report of 1890 it will be observed that only
one of the banks then reported on the inactive list has been stricken
out. It is expected that the unsettled affairs of most of those in the
list will be disposed of within the next year and the receiverships
formally terminated.
The following is a list of receiverships in an inactive condition:
and location of bank.
First National Bank, Albion, N. T
First National Bank, Anderson, Ind
Third National Bank, Chicago, 111
Central National Bank, Chicago, 111
First National Bank of Union Mills, Union City, Pa
German-American National Bank, Washington, D. C
First National Bank, Monniouth, 111
Mechanics' National Bank, Newark, N. J
First National Bank, Livingston, Mont
First National Bank, Pine Bluff, Ark
First National Bank, Buffalo, N. T .
First National Bank, Leadville, Colo
First National Bank, St. Albans, Vt
First National Bank, Sio'ix Falls, S. Dak .
Fifth National Bank, St. Louis, Mo
Date of apDivpointinent of idends
receiver.
paid.
Ang. 26,1884
Nov. 23,1873
Nov. 24,1877
Dec. 1,3877
Mar. 24.1883
Nov. 1,1878
Apr. 22.1884
Nov. 2,1881
Aug. 25,1884
| Nov. 20,1886
Apr.
Jan.
Apr.
Mar.
Nov.
22,1882
24,1884
22,1884
11.1886
15.1887
Per cent.
28.50
39.50
100
60
70
50
100
67.405
95
45
43.50
40
25
40
* And interest. Meeting of shareholders called.
The total number of national banks organized since February 25,
1863, is 4,648, of which 3,694 are now in operation, 954 having passed
out of the system, accounted for as follows:
Passed into voluntary liquidation to wind up their affairs
Less number afterward placed in the hands of receivers
629
9
Passed into liquidation for purpose of reorganization
Passed into liquidation upon expiration of corporate existence
Placed in hands of receivers
620
80
*91
164
Less restored to solvency and resumed business
955
1
Total passed out of system
954
BANKS IN VOLUNTARY LIQUIDATION.
National banks complying with United States statutes are permitted
to go into voluntary liquidation, and in some instances, when affairs
have been partially closed, the Comptroller has been requested to per* Forty-four of these have been reorganized.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
71
mit resumption of business, the same title and charter number being
retained. The reasons for such requests are generally based upon an
unexpected appreciation in the value of assets, a desire to avoid sacrifices seemingly unnecessary, a change of management found to be important, and a desire to retain the title for its business value*
The Supreme Court of the United States has held that a national
bank in voluntary liquidation is not dissolved as a corporation, and may
bring suit or defend for the purpose of winding up its business (Bank
vs. Insurance Company, 104 XL S., 54), and section 7 of the act approved July 12, 1882, provides:
That national banking associations whose corporate existence has expired or shall
hereafter expire, and which do not avail themselves of the provisions of this act,
shall he required to comply with the provisions of sections 5221 and 5222 of the
Revised Statutes in the same manner as if the shareholders had voted to go into liquidation, as provided in section 5220 of the Revised Statutes; and the provisions of
sections 5224 and 5225 of the Revised Statutes shall also he applicable to such associations, except as modified by this act; and the franchise of such associations is
hereby extended for the sole purpose of liquidating their affairs until such affairs
are finally closed.
It has been held by the courts that under act of Congress approved
July 12, 1882, extending for the purpose of liquidation the franchises
of such national banking associations as do not request an extension
of their corporate existence, and making applicable to them the statutes relating to the liquidation of similar banking associations, the
shareholders may continue to elect officers and directors for the purpose of effecting liquidation. In*the case referred to, the court held
that the right to elect directors and such other officers as are usually
chosen by a business corporation is a part of the corporate franchise,
and that when the franchise is extended, although for a limited purpose, the corporation may exercise all the powers originally conferred
upon it which are appropriate for that purpose, among which is the
election of directors, the right to manage its own affairs belonging to
the bank through the shareholders, and not to those who by accident
are found to be directors in possession.
In 1868 the question arose as to whether the Comptroller of the Currency had authority to permit a national bank in voluntary liquidation
to resume all its corporate powers, the request having been made by a
bank which had been permitted to go into voluntary liquidation, the
shareholders haying rescinded a former resolution, and requesting leave
to withdraw notice to the Comptroller of a desire to liquidate the affairs
of the bank. The matter was referred to the Department of Justice,
and the opinion rwas rendered that resumption of business under such
circumstances w ould involve too many grave consequences to admit of
the supposition that such an event was contemplated by Congress, or
that it was consistent with the law.
It has been strongly urged, however, that inasmuch as the association does not lose its corporate entity prior to a disposition of the last
remaining asset, title and charter number having been preserved, and
the association having been inactive as to new business only, retroactive
action by shareholders owning, two-thirds of the stock, relative to resumption of business, should be equally potential with the original
resolution as to voluntary liquidation, inasmuch as the Comptroller is
not inhibited by the law from taking cognizance of such action.
By reference to the statute above quoted it will be seen that assoeitions which do not avail themselves of the provisions of the act for
extension of corporate existence are required to comply with the provisions applicable to associations in voluntary liquidation consequent
'(Z
REPORT OF THE COMPTROLLER OF THE CURRENCY.
upon tlie action of shareholders, and that the franchises of the class
first mentioned are extended for the sole purpose of liquidation. It
seems improbable that Congress intended to make a distinction between
associations in liquidation by reason of the action or non-action of
shareholders, although in the first instance the language of the statute
is that the association may be closed, and in the other it is more
clearly indicated that the association is to be closed.
Even if it could be conclusively shown that the Comptroller can legally permit a bank in voluntary liquidation to resume business, there
would be insuperable objections to the exercise of such authority,
arising out of a consideration of those principles which underlie a sound
public policy with respect to the security of the depositors and creditors of national banks under existing law. Whenever depositors and
creditors are paid in full, shareholders are released from the stock liability prescribed by section 5151 of the Revised Statutes; and, if the association should be resuscitated, by what process could this liability
be reassumed or enforced? Furthermore, the convertible assets having been realized to liquidate indebtedness, the doubtful alone remain
to represent the interests of shareholders, and as constituting a part
of the capital would be a constant menace to the welfare of the association.
DIRECTORS.
All the powers of a national banking association are exercised through
its board of directors. As a general rule it may be said that associations will prosper just in proportion as their directors are intelligent and
faithful. The details of the business must of course be in charge of its
officers, and the duty of selecting these is one of the greatest responsibilities devolved upon the board, for unless the active managers are
skillful, honest, and attentive the affairs of the association can not
prosper.
With the selection of a proper corps of officers the duties of the directors are well begun, but this is far from constituting all that is required of them.
A recent decision of the Supreme Court of the United States has attracted attention to the fact that the duties and responsibilities of
directors of national banks are now ill defined. Without any purpose
to enter into a discussion of the decision in the case mentioned (Briggs
vs. Spaulding, et al)7 the Comptroller desires to say that legislation
should make these duties so clear and unequivocal that no person of
intelligence could plead ignorance of the requirements of the position.
National banks deriving their franchises from the General Government have in the past been conducted with conspicuous fidelity and
have afforded unexampled security to those who have made them the
depositary of their funds. While these facts are well known to all who
have access to statistics upon the subject, there is still room for progress
in the direction of security. No matter what safeguards are provided
their enforcement must necessarily be committed to human agencies, and
these are often unskillful and occasionally corrupt.
Experience shows that governmental supervision of national banks
has been in the past of very great service in promoting safe and conservative banking, although its value is neither fully understood nor
appreciated. Upon the directors, however, properly rests the responsibility of management, and any plan which contemplates relieving them
in this respect is false in principle and will be found vicious in practice.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
73
Neither can they be safely permitted to delegate their powers and
responsibilities to others, nor neglect them with impunity. If the
provisions of existing law permit directors of national banks to escape
liability for losses resulting from transactions forbidden by the national
bank act by pleading ignorance of such transactions, while such ignorance is the result of neglect of the affairs of the associations committed to
their charge, it will be useless to expect in the future any better results
than have been experienced in the past. As a matter of fact the greatest difficulty experienced by the Comptroller in promoting the successful management of the associations coming under his supervision has
resulted from his inability to inspire the directors of national banks
with a proper realization of the duties which they owe to the shareholders whom they have consented to serve and the creditors whom
they have engaged to protect. The greatest obstacles to be overcome
are neglect and inattention. In far too many associations boards of
directors never meet except upon the occasions when dividends are to
be declared, and even this is sometimes unlawfully attempted without
necessary action upon their part.
In other cases there is a disposition exhibited by directors to monopolize the loans and discounts of the bank, thus converting to their own
use the funds of others entrusted to their keeping, thereby exposing
the bank to losses by reason of want of proper distribution of its loans
and subjecting to inconvenience those customers of the bank who are
not favored with a place at the directors' table. Such inattention and
selfishness are too often the characteristics of bank directors and are
productive of serious consequences, but when accompanied, as they
sometimes are, by lack of integrity the most direful results are realized.
In relation to no matter connected with the conduct of national banks
is legislation more imperatively demanded than in making plain the
duties of those who accept the position of directors.
If to absent themselves from the bank and from the meetings of the
board affords safe grounds of defense when it is sought to hold them
accountable for losses which their presence and reasonable oversight
would have prevented, then the public have been grossly deceived as
to the measure of duty which shareholders and creditors may properly
demand of officers to whom such important trusts have been committed.
If the board of directors may safely neglect everything connected with
the conduct of a bank except the election of officers and the declaration
of dividends, then the law is greatly at fault. Such a complete abdication of powers ought not to go unrebuked and unpunished. All other
safeguards will prove of little value if the chosen and only representatives of the shareholders may lawfully refuse and neglect to give the
interests committed to their care such attention and supervision as successful proprietorship has at all times demanded.
LEGAL DECISIONS.
A digest of the most prominent national-bank cases will be found in
the appendix, page 00, decisions by the courts having been added from
year to year. This digest is intended to furnish the management of national banks with a convenient source of reference and to accommodate
the general public, much correspondence with the office being thus
avoided which would otherwise be necessary.
A very important case was decided by the Supreme Court of the
United States during the last term affecting the liability of directors
of national banks with respect to negligence and inattention to duty.
74
REPORT OF THE COMPTROLLER OF THE CURRENCY.
TRANSACTIONS OF THE NEW YORK AND OTHER CLEARING-HOUSE
ASSOCIATIONS.
The present membership of the New York Clearing-House Association comprises 45 national banks, 18 State banks, and the subtreasnry
at Kew York$ sixty-four members in all. There are 50 national and 44
State banks in New York City, and 5 national and 26 State banks not
being members, clear through other banks which are members of the
association.
^
The following information with respect to the operations of the clearing-house associations in the United States has been kindly furnished,
upon request, by Mr. W. A. Camp, manager of the Clearing-House Association at New York City:
COMPARATIVE STATEMENT FOR TWO YEARS OF THE TRANSACTIONS OF THE NEW
YORK CLEARING-HOUSE, SHOWING AGGREGATE AMOUNT OF CLEARINGS, AGGREGATE BALANCES, AND THE KINDS AND AMOUNTS OF MONEY PASSING IN SETTLEMENT OF THESE BALANCES.
Kinds of money and amount of each kind.
Year ended— Aggregate
clearings.
sgate
Lees.
Treasury
certificates
Legal
for legal
U.S.
tenders
U. S. gold
sec. and
minor
certificates. Treasury tenders,
5193, TJ. S.
coin.
Revised
notes.
Statutes.
Percentages
to balances.
Gold Legal
certifi- tendcates. ers.
Dollars.
Dollars
Dollars.
Dollars.
Dollars.
Dollars.
Oct. 1,1890.. 37, 660, 686, 5721 , 753,040,145 1, 735,316, 000 *6,914,000
4,995, 000 5,815,145 99.0— 1.0+
1,247,500,64.9+35.1Oct. 1,1891.. 34,053,698, 770 L,584,635,"5 001 , 028,443,000 102^1,435. 000 1353, 510, 000 100,
Increase.
Decrease
3, 606,987,802 168,404,645
706, 873,000
95, 621,000 t348, 515, 000 94,432, 355
* The so-called United States Treasury notes are issued in pursuance of the provisions of the act of
Congress directing the purchase of silver bullion and the issue of Treasury notes thereon, approved
July 14,-1890. They are payable on demand in coin.
11ncludes $27,030,000 clearing-house loan certificates of 1890.
REPOET OF THE COMPTROLLER OF THE CURRENCY.
75
The following is a comparative statement of transactions of the New
York Clearing House for thirty-eight years, and shows for each year the
number of banks, aggregate capital, clearings and balances, average
of the daily clearings and balances, and the percentage of balances to
clearings:
Tear.
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865
1866
1867
1868..,..
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
Total
No. of
banks.
50
48
50
50
46
47
50
50
50
50
49
55
58
58
59
59
61
62
61
59
59
59
59
58
57
59
57
60
61
63
61
64
63
64
63
63
64
63
Capital.*
$47, 044, 900
48,884,180
52, 883, 700
64,420,200
67,146, 018
67, 921, 714
69,907,435
68, 900, 605
68, 375, 820
68, 972, 508
68, 586, 763
80, 363, 013
82,370,200
81, 770, 200
82, 270,200
82, 720,200
83, 620, 200
84,420, 200
84,420, 200
83, 370, 200
81,635,200
80,435, 200
81,731, 200
71, 085,200
63, 611, 500
60, 800, 200
60,475,200
61,162,700
60, 962,700
61,162,700
60,412,700
58,612, 700
59,312,700
60, 862,700
60,762, 700
60,762,700
60,812,700
60, 772, 700
168,493,207
Clearings.
$5,750,455. 987
5, 362, 912, 098
6,906, 213, 328
8, 333,226,718
4, 756,664, 386
6,448, 005, 956
7,231,143, 057
5,915, 742, 758
6,871,443, 591
14,867, 597, 849
24, 097,196,656
26, 032, 384, 342
28, 717,146, 914
28, 675,159, 472
28,484,288,637
37,407, 028,987
27, 804, 539,406
29, 300, 986,682
33, 844, 369, 568
35,461, 052, 826
22,855,927,636
25, 061, 237, 902
21, 597,274,247
23,289,243,701
22, 508,438,442
25,178, 770, 691
37,182,128, 621
48, 565, 818, 212
46, 552, 846,161
40, 293,165, 258
34,092, 037, 338
25, 250, 791, 440
33, 374,682,216
34, 872, 848, 786
30,863,686,609
34,796,465. 529
37,660, 686, 572
34,053, 698, 770
Balances paid
in money.
$297,411, 494
289, 694,137
334,714,489
365, 313,902
314, 238, 911
363,984, 683
380, 693, 438
353, 383, 944
415, 530, 331
677, 626,483
885, 719, 205
1,035, 765,108
1, 066,135,106
1,144,963,451
1,125,455, 237
1,120, 318,308
1,036, 484,822
1,209, 721,029
1,428, 582,707
1,474,508,025
1,286,753,176
1,408,608,777
1,295,042,029
1,373,996, 302
1, 307, 843, 857
1,400, 111, 063
1,516, 538, 631
1, 776, 018,162
1, 595, 000,245
1, 568, 983,196
1,524,930,994
1,295, 355T 252
1,519, 565, 385
1, 569, 626, 325
1, 570,198, 528
1,757,637,473
1,753,040,145
1, 584, 635,500
J950,317, 307,349 +42,424,129, 850
Average
daily
clearings.
$19,104,505
17, 412, 052
22, 278,108
26,968, 371
15,393, 736
20, 807,333
23,401, 757
19, 269, 520
22, 237, 682
48, 428, 657
77, 984, 455
84, 796,040
93, 541,195
93,101,167
92,182,164
121,451, 393
90,274,479
95,133, 074
109,884,317
115,885, 794
74,692, 574
81,899, 470
70, 349,428
76, 358,176
73, 555,988
82,015,540
121, 510,224
159, 232,191
151, 637,935
132, 543, 307
111, 048, 982
82,789,480
109,067, 589
114,337, 209
101,192,415
114,839,820
123,074,139
111, 651,471
BalAverage
daily bal- ances to
ances paid clearin money. ings.
$988, 078
940,565
1,079, 724
1,182, 246
1, 016, 954
1,177, 944
1, 232, 018
1,151, 088
1, 344, 758
2, 207,252
2,866,405
3, 373, 828
3,472,753
3, 717,414
3, 642, 250
3,637, 397
3.365,210
3,927,666
4, 636, 632
4, 818, 654
4, 205,076
4,603, 297
4,218, 378
4, 504, 906
4, 274, 000
4, 560. 622
4,956, 009
5, 823, 010
5,195, 440
5,161,129
4, 967, 202
4,247, 069
4,965,900
5,146, 316
5,148,192
5, 800,784
5, 728,889
5,195, 526
f81,615, 572 t3,644, 226
Per ct.
5.2
5.4
4.8
4.4
6.6
5.6
5.3
6.0
6.0
4.6
3.7
4.0
3.7
4.0
4.0
3.0
3.7
4.1
4.2
4.1
5; 7
5.6
5.9
5.9
5.8
5.6
4.1
3.5
3.4
3.9
4.5
5.1
4.5
4.5
5.1
5.0
4.7
4.6
4.4
* The capital is for various dates, the amounts at a uniform date in each year not being obtainable,
t Yearly average for 38 years.
J Totals for 38 years.
The clearing-house transactions of the assistant treasurer of the
United States at New York for the year ended October 1,1891, were as
follows :
Exchanges received from clearing house
Exchanges delivered to clearing house
Balances paid to clearing house
Balances received from clearing house
Showing that the amount paid by the assistant treasurer to the clearing house was in excess of the amount received by him
$334,374, 650.88
129, 791, 449.74
204,860, 215.84
277,014.70
204,583,201.14
The debit balances were paid to the clearinghouse, as follows:
United States gold certificates
United States Treasury notes
^egal tenders and change
$138, 761,000.00
41,109,000.00
24,990,215.84
204,860,215.84
7G
REPORT OF THE COMPTROLLER OF THE CURRENCY.
COMPARATIVE STATEMENT OF THE EXCHANGES OF THE CLEARING HOUSES OF THE
UNITED STALES FOR OCTOBER, 1891, AND OCTOBER, 1890.
Exchanges for month ended—
Clearing house at
October 31,1891. October 31,1890.
New York....
Boston
Philadelphia..
Chicago
St. Louis
San Prancisco
Baltimore
Pittsburg
Cincinnati...
New Orleans.
Kansas City.
Louisville ...
Providence ..
Milwaukee ..
Minneapolis .
Denver
St. Paul
Omaha
Cleveland
Detroit
Buffalo
Memphis
Columbus
Richmond
Indianapolis..
Hartford
Duluth
Peoria
Galveston
St. Joseph
New Haven...
Springfield ...
Worcester
Portland
Norfolk
Syracuse
Los Angeles..
Wichita
Lowell
Grand Rapids
Topeka
Sioux City....
Tacoma
Seattle
Rochester
Salt Lake
Houston
I,282,109,627
455,197,952
311,008,476
421,521,165
104,433,739
83,146, 979
63,803,118
63,546,000
60,666,500
46,079,497
46,745,573
29,481,918
26, 730, 600
34,251, 767
43, 743, 501
21, 049,893
24, 710, 213
19, 970,064
24,370, 375
30, 632,199
37, 663, 592
14, 888,843
14,834, 300
10, 516,696
17,091, 274
9,810,105
8,327,648
8,149,047
52,433,043
7,426, 700
7,114,967
6,104, 811
5,875, 876
5, 847,287
5, 819,963
4,056,693
3, 778,837
2,471,072
4,479,510
4,490,406
1,899, 204
4,422, 626
5,044,412
4,068,138
6, 550, 918
6, 649, 649
*28, 753, 049
$3, 566,533,434
483,897,338
339, 763,781
405,679,991
99,714,641
84, 285,069
66,887,827
74,763,561
59,381,150
50,454,449
45,334,589
33,526, 734
27,272,100
40,873,860
40,100,396
21,538,919
21,653,655
24,444,498
26,385,557
29, 293, 400
36,168, 981
12, 053,540
16,055, 000
10,154,057
20,485,471
8, 970, 715
10, 635, 672
8, 654, 285
40,029, 266
7,166, 387
6, 304, 301
6,322, 670
6,209, 927
6,278, 028
7,176,869
4,173,072
3,243,121
3,298,848
4,067,084
3,473,636
2,106,831
4,803,259
5,379,615
5,444,627
6, 833,410
7,123, 350
Total...
5,453,014,773
5, 794, 396, 971
5,453,014, 773
Increase.
Decrease.
$284,423, 807
28, 699,386
28,755, 305
$15, 841,174
4, 719,098
1,138, 090
3, 084, 709
11, 217,561
1,285, 350
*i*4i6*984"
4,374,952
4,044, 816
541,500
6,622,093
3,643,105
489, 026
*3," 056,'558*'
4,474,434
2,015,182
1,338,799
1,494,611
2, 835,303
1,220, 700
362,639
*3*394,*i97
839,390
2, 308, 024
505, 238
12,403, 777
260, 313
810, 666
217, 859
334,051
430,741
1, 356, 906
116, 379
535, 716
827,776
412, 426
1,016, 770
207, 627
380, 633
335, 203
1,376,489
282,492
473, 701
New
Decrease.
Comparisons.
341,382,198
*Omitted in footing,
52, 266,679
393,648,877
52, 266,679
341,382,198
77
EEPOKT Oi1 THE COMPTKOLLEK OF THE CUERENCY.
COMPARATIVE STATEMENT OF THE EXCHANGES OF THE CLEARING HOUSES OF THE
UNITED STATES FOR, WEEKS ENDED OCTOBER 31, 1891, AND OCTOBER 31, 1890.
Exchanges for week ended—
Clearing house at—
New York
Boston
.'
Philadelphia
Chicago
St. Louis
San Francisco
Baltimore
Pittsburg
Cincinnati
New Orleans
Kansas City
Louisville
Providence
Milwaukee
Minneapolis
Denver
St. Paul
Omaha
Cleveland
Detroit,
Buffalo
Memphis
Columbus
Richmond
Indianapolis
Hartford
Duluth
Peoria
Galveston
St. Joseph
New Haven
Springfield
Worcester
Portland
Norfolk
Syracuse
Los Angeles
Wichita
Lowell
Grand Rapids
Topeka
Sioux City
Taconia
Seattle
Rochester
Salt Lake
Houston
Total.
Decrease.
October 31,1891. October 31,1890.
$687,083,289
92, 841, G97
66,456, 330
89, 692,167
21,865,936
17, 971, 744
13,588, 763
13,622,345
13,200, 800
10, 610,135
10, 661, 074
6,190, 003
7,190, 600
7, 704, 661
9, 247, 600
4,327,932
5, 224, 413
4,763, 303
5, 338,674
6, 661, 509
8, 269, 498
3,782,114
3,155,400
2,359, 247
4,533,343
1,809, 902
1,769, 613
1,699, 396
9,449,603
1,598, 393
1,299,023
1,235,164
1,217,500
1,323, 802
1,354,838
843, 910
978, 279
530,314
884, 575
817, 782
385,407
957,978
976,341
785,557
1,356,152
1,431, 760
5,914,100
1,154, 961,966
$781,139,867
104, 327, 201
68, 223, 404
87,196,991
21,169, 672
20,506,150
12, 935, 819
15,520,963
12,485, 200
12,466, 712
10,171, 260
7, 328, 052
5,352, 900
8, 958,323
8, 641, 646
4, 111, 679
5,119,316
5,954, 614
5, 426,443
5,636, 223
7,625,878
3,407, 562
4,228, 900
1,951, 834
4,313,720
1,902,037
2,471, 524
1, 900, 762
7,885, 290
1,687,125
1, 210, 503
1,266,741
1,391,249
1, 395, 244
1,662,645
955,239
888,473
695, 803
1, 083, 346
706, 651
410, 438
1,076, 783
1,247, 407
1,163, 588
1,465, 414
1,403, 983
6,021,376
1, 264, 091, 950
1,154, 961, 966
109,129,984
Comparisons.
Increase.
Decrease
$94, 056,578
11,485,504
1, 767. 074
2,495,176
696, 264
2,534,406
652,944
1,898,618
715,666
1,856, 577
*489,*8i4"
"1,138,049
1,837,700
"i* 253," 662
605, 954
216, 253
105,097
1,025,286
643, 620
374, 552
1,191,311
87, 769
1,073, 500
407,413
219,623
92,135
701, 911
201, 366
1, 564,313
88, 732
88," 520'
31, 577
173,749
71,442
307, 807
111, 329
89, 806
165,489
198, 771
25, 031
118, 805
271,066
378,031
109, 262
"27^777'
107,276
12,366,843
121,496, 827
12,366, 843
109,129,984
78
REPOET OF THE COMPTROLLER OF THE CURRENCY.
The following table shows the transactions of the clearing houses
located in forty-seven cities for the year ended September 30,1891, from
official returns received from the manager of the New York ClearingHouse Association, comparisons being made with the year ended September 30,1890, the increase or decrease in the exchanges being indicated. Similar information with respect to balances was not obtainable:
COMPARATIVE STATEMENT OF THE EXCHANGES OF THE CLEARING HOUSES OF THE
UNITED STATES FOR THE YEARS ENDED SEPTEMBER 30, 1.891, AND SEPTEMBER
30, 1890.
Exchanges for years e n d e d -
Clearing honse at—
Few York
Boston
Philadelphia...
Chicago
St. Louis
San Francisco .
Baltimore
Pittsburg
Cincinnati
New Orleans...
Kansas City ...
Louisville !
Providence
Milwaukee
Minneapolis ...
Denver
St. Paul
Omaha
Cleveland
Detroit
Buffalo
Memphis
Columbus
Richmond
Indianapolis...
Hartford
Duluth
Peoria
Galveston
St. Joseph
..
New Haven
".
Springfield
Worcester
Portland
Norfolk
Syracuse
Los Angeles
Wichita
Lowell
Grand Rapids
Topeka
Sioux City
Tacoma
:
Seattle
Rochester
Salt Lake
Houston
Total.
Decrease
September 30,
1891.
September 30,
1890.
$34,053, 698, 770
4, 795, 594, 052
3,372, 915,551
4,338,693,167
1,124,330,218
905,864, 727
724, 710, 877
699, 447, 762
655,896,900
532,110,103
451, 745,155
367,501, 443
276,980,218
338,884,381
343, 247,803
228, 393,982
227, 802,173
218 446,893
264', 540,195
310, 737,141
386, 012, 271
127, 310, 014
157, 559, 500
117, 390, 654
103, 555, 836
104, 306, 617
102, 676, 553
$37,660,686,572
5,102,28i, 307
3, 701, 919, 517
3,902, 529, 694
1,093,537,693
846,602,454
742, 018, 356
768,287,372
633, 753, 600
525,247, 794
487, 507, 511
399, 788,145
266, 073, 300
313, 480, 592
286, 093,080
249, 909, 843
225, 649, 301
245,486, 446
251.299,223
286, 982, 983
291, 749, 637
130, 7^8, 365
148,473,620
111,204,426
106,195, 064
105, 769, 716
96, 618, 952
80,084,079
108, 290,369
76,148, 819
67,150, 497
64, 874,184
59,287,812
60,469, 620
43, 331, 055
40, 111, 353
31, 020,264
38,222,619
37,482,036
36, 666, 065
19, 071, 545
45, 513, 287
40, 683,662
• 54,185,684
88, 619,276
304,153, 201
77, 661,162
70, 343, 940
63, 624,286
61, 714,694
63, 512, 780
56, 710, 906
44,904,345
37, 097,422
27,849,364
41,114,780
42, 265, 678
19, 921,416
50, 557,862
50, 383, 690
51, 945, 910
75, 781,369 New
80, 845,166 New
163,893, 754 New
56, 803, 253,957 59, 882,477, 513
56, 803, 253,957
3,079,223,556
Comparisons.
Increase.
Decrease.
!, 606,987, 802
306, 687, 255
329, 003, 966
$436,163, 473
30, 792, 525
59,262, 273
17, 307,479
68, 839, 610
22,143, 300
" 6,862,309
35, 762,356
32, 286, 702
10, 906, 918
25,403, 789
57,154, 723
21,515, 861
2,152, 872
~27,"639,*553
13, 240, 972
23,754,158
94, 262, 634
9, 085, 880
6,186, 228
3,428, 351
2, 639,228
1,463, 099
6, 057, 601
8, 535,197
195,862,832
1, 512, 343
3,193, 443
2, 426, 882
3,043,160
13,
379, 851
h
4,792,992
6, 077,158
1, 249, 898
10, 373, 255
3, 632, 744
5, 599, 613
849, 871
5, 044, 575
9, 700,028
2,239,774
75,781,369
80, 845,166
163, 893,754
1,387, 600, 633
4,466,824,189
1,387, 600, 633
3,079,223,556
It will be observed that as compared with the previous year there
was a decrease in the volume of exchanges amounting to over
$3,000,000,000, and that nearly the whole of such decrease occurred
in the three principal eastern cities. The exchanges in New York
amounted to about 60 per cent of the whole sum for the United States,
REPORT OF THE COMPTROLLER OF THE CURRENCY.
79
A table will be found on page 171 of the Appendix, compiled from
returns made to the Clearing House by the national banks in New York
City, exhibiting the movement of their reserve, weekly, during October,
for the last fifteen years.
STATE, SAVINGS, PRIVATE BANKS, LOAN AND TRUST COMPANIES.
In addition to reporting the condition of associations organized under national authority, the law provides that the Comptroller of the
Currency shall procure and publish in his annual report to Congress
statements exhibiting the condition of banks, banking companies, and
savings banks organized under State and Territorial laws; and through
the courtesy of public officials, in all but 18 of the States and Territories, this Bureau has been favored with statements of condition of
such banking institutions. It has been the custom for the past few
years to add to information of that character similar returns from banks
in States in which examinations are not authorized by law and reports
of condition exacted. Such information is procured through direct correspondence with each bank and banker, over 5,500 having been requested to furnish statements for this report.
While there is an apparent reluctance upon the part of proprietors
of private banks to submit reports of their condition, officers of incorporated institutions report so generally that the returns herewith given
represent over 93 per cent of these institutions stated to be in operation, and unquestionably a larger percentage of their total banking
resources. During the year ended January 1, 1891, there was an increase of 606 over the prior year in number of banks organized, and
an increase of 583 in the number from which reports have been received this year, indicating that the field is practically covered by the
returns herewith published. Deviating in a measure from the j>lan of
tabulating these reports as heretofore given (official and unofficial returns having been abstracted and compiled separately), it has been
deemed best to consolidate all reports of each class of banks by States,
simply indicating official and unofficial returns by proper references.
Including reports made by private banks and bankers, statements
representing the resources and liabilities of 4,989 incorporated and
private banking institutions have been received, the aggregate resources
amounting to $3,448,785,431, the principal items of assets being $805,901,113, loans on real estate; $413,938,942 on collateral security other
than real estate5 $840,567,612 other loans and discounts; $157,933,522
United States bonds; $327,172,153 State, county, and municipal bonds;
$384,888,905 railroad, bank, and other stocks and bonds; $212,520,844
due from banks and bankers; $85,804,914 real estate, etc.; $165,634,081
cash on hand. The aggregate capital employed amounts to $356,749,315;
surplus and undivided profits, $304,624,493; deposits, $2,661,752,961.
Of the 4,989 reports, 2,572 are made by commercial institutions,
classified in this compilation, as State banks, having an aggregate
capital of $208,564,841; surplus and undivided profits, $81,116,533; deposits, $556,637,012.
Eeports from 171 loan and trust companies show their aggregate
resources to be $536,628,202. The capital of these companies is $79,292,889; surplus and undivided profits, $55,503,845; and deposits,
$355,330,080.
Especial interest attaches to the operations and condition of savings
banks, the repositories of the accumulations of the wage-earners, in
view of the extent of the obligations of these institutions and particDigitized forularly
FRASERas their deposits represent nearly 90 per cent of their entire
80
REPORT OF THE COMPTROLLER OF THE CURRENCY.
liabilities. In eluding the 3G4 stock savings banks, reports of condition
have been received from 1,011 savings banks and savings institutions.
Of the 647 non-capitalized institutions, classed as mutual, all but 11 are
located in the New England and Middle States, while of those with
capital but 28 are to be found in that section, the remainder, 336, being in the Southern and Western States and Territories.
The aggregate resources of all savings banks amount to $1,854,517,069, of which loans on real estate amount to $687,583,977; loans on collateral security other than real estate, $93,679,153; and other loans and
discounts, $198,134,045. The following figures represent their investments in bonds, stocks, etc.: In United States bonds, $139,267,045;
State, county, and municipal bonds, $320,278,708; in all other bonds
and stock, $268,994,583. The amount invested in real estate is $30,438,232, and the funds with other banks and cash on hand, $70,660,882 and
$29,720,473, respectively. Of the liabilities of these 1,011 institutions,
$32,106,127 represents their capital, $155,857,493 surplus and undivided
profits, $1,623,079,749 savings deposits, and $31,746,393 other deposits.
The interest paid by mutual institutions ranges from 2 to 4 per cent,
and by stock savings banks from 2 to 6 per cent, the average rate paid
by the latter slightly exceeding, apparently, the rate paid by mutual
institutions, while the deposits held by the mutuals are about 75 per
cent of the total deposits in both classes.
Of the 2,500 reports of condition made to this Bureau directly, 1,235
were submitted by private banks and bankers, having an aggregate
capital of $36,785,458; surplus and undivided profits, $12,146,622; deposits, $94,959,727.
The following tables present summaries of this information: .
AGGREGATE RESOURCES AND LIABILITIES OF ALL STATE BANKS, LOAN AND
COMPANIES, AND SAVINGS AND PRIVATE BANKS, 1890-;91.
State banks,
Loan and
t r u s t companies.
2,572 b a n k s .
171 b a n k s .
Savings
banks.
Private
banks.
TRUST
Total.
1,011 banks. 1,235 banks. 4,989 banks.
EESOUECBS.
Loans on real estate
$37,247,244
Loans on collateral security other
t h a n real estate
78,509,230
Other loans and discounts.
507,461,243
Overdrafts
4,044,702
United States bonds
1,100,307
State, county, and municipal bonds.
2,156,065
Railroad bonds and stocks
595, 572
B a n k stocks
426,850
Other stocks and bonds
37,529,420
Due from other banks and bankers. 82, 531, 530
Real estate, furniture, and fixtures . 28,791,441
Current expenses and taxes p a i d . . .
2, 865, 083
Cash and cash items
107, 453,889
Other resources
15, 281, 566
Total .
905,994,142
$65,072,641 $687,583,977
225,012,238
66,791,541
105,608
16, 057, 015
3,828,397
29, 771,125
1,159, 776
43,157,008
39. 948, 373
17,357, 290
743,684
16,482, 207
11,141, 299
93,679,153
198,134,045
286,254
139,267, 045
320,278, 708
115,991,821
45, 038, 830
107,963,932
70,660, 882
30,438, 232
97], 266
29,720,473
14,502,451
$15,997,251
16,738,321
68,180,783
2,475,025
1,509,155
908,983
737,239
634,140
1,883,192
19, 380,059
9,217,951
797,326
11,977,512
1, 209,081
$805,901,113
413,938, 942
840, 567,612
6, 911, 589
157,933, 522
327,172,153
147, 095, 757
47, 259, 596
190, 533, 552
212, 520,844
85, 804, 914
5, 377, 359
165,634,081
42,134,397
536,628,202 1,854,517,069 151,646,018 3,448,785,431
LIABILITIES.
Capital stock
Surplus fund
Other undivided profits
Debenture bonds outstanding
State-bank notes outstanding
Dividends unpaid
Individual deposits
Savings deposits
Due to otber banks and bankers.
Other liabilities
Total.
208, 564, 841
60, 00(5, G23
21,109,910
79,292,889
38,412 197
17,091,648
18,907,550
110, 534
709, 830
556,637,012
83,396
355,330,080
38,826,003
20,029,389
905, 994,142
32,106,127
130,042,098
25, 815, 395
19,364
31,746,393
1,623,079,749
2,210, 772
2,766, 225
25,299, 670
8,941,718
536,628,202 1,854,517,069
36,785,458
8, 993, 987
3,152, 635
356, 749,315
237,454, 905
67,169, 588
18,907, 550
110, 534
812, 590
1,038,
673, 212
94,959,727
1, 623, 079, 749
46, 043, 371
2,240, 371
59,784,617
5,513, 840
151, 646, 018 3,448, 785,431
EEPOET OF THE COMPTROLLER OF THE CURRENCY.
81
NUMBER, CAPITAL STOCK, SURPLUS AND UNDIVIDED PROFITS, AND DEPOSITS OF ALL
STATE BANKS, LOAN AND TRUST COMPANIES, AND SAVINGS (MUTUAL AND STOCK)
AND PRIVATE BANKS, 1890-'91.
*
Classes.
State banks
Loan and trust companies
Savings banks (mutual) ..
Sayings banks (stock)
Private banks
Total
2,572
171
647
364
1,235
4,9
1,564,841 ! $81,116,533 $556,637,012
79,292,889 ! 55,503,845
355,330,080
' 142,456,741 I 1,402,332,665
13,400,752 ! 252,493,477
32,106,127
12,146,622
94, 959,727
36,785,458
356,749,315
304,624,493
2,661,752,961
The following table exhibits by States and Territories the capital
employed by national banks on July 9,1891, and by the State, stock
savings, private banks, and loan and trust companies at date of latest
returns to this Bureau^ the aggregate capital of all classes by States,
and the total of each class and of all, from which it appears that the
total capital amounts to $1,029,652,912. The capital of the national
banks is $672,903,597, State banks $208,564,841, stock savings banks
$32,106,127, private banks $30,785/458, loan and trust companies
$79,292,889.
11167
6
82
REPORT OF THE COMPTROLLER OF THE CURRENCY.
T \ B L E SHOWING, B Y STATES AND TERRITORIES, T H E CAPITAL O F T H E NATIONAL
BANKS ON J U L Y 9, 1891, AND OF T H E STATE, STOCK SAYINGS, AND P R I V A T E
BANKS AND LOAN AND T R U S T COMPANIES AT DATE O F L A T E S T R E P O R T S TO THIS
BUREAU.
National
banks.
States and Territories.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Virginia
"West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Ohio
Indiana
Illinois
Michigan
"Wisconsin
Iowa
Minnesota
Missouri
Kansas
Nebraska
Colorado
Nevada
California
Oregon
Oklahoma
Indian Territory
Arizona '.•
North Dakota
South Dakota
Idaho
Montana
New Mexico
Utah
. Washington
Wyoming
$10,935,000
6,280, 000
7,210,000
97,167,500
20,184,050
23,274,370
86,666, 060
14,313,350
71,044,211
2,133,985
16, 559, 750
2,810, 720
4,476,300
2,240,270 !
2,631,170 !
1, 673,000
4,347,890
1,325,000
4,294,000
1,160,000
4,430,500
25,492,800
1,600,000
15,194,400
10,330,000
43,444,000
12,477,000
36,091,750
15, 259,600
6, 910,000
13,062,400
14,125,000
24,690,000
12,894,100
12,923,100
8,612,821
282,000
8,425,000
4,225,000
200,000
150,000
200,000
2,280, 000
2, 585,000
537,500
4,140,000
1,100,000
2,750,000
6,415,000
1,350,000
Total
Stock savState banks. ings banks.
Private
banks.
L o a n and
trust companies.
Total.
$822,900
1, 580, 500
$654,450
$1,049,602
2,340, 000
31,370,700
1,656, 666
8,411,200
680, 000
1, 303,150
5,775,660
969,225
1,848, 722
1, 342, 948
3, 731,506
584,300
814,400
3,268,095
2,620,200
475, 240
1,130,458
17,902,795
5,016,974
4, 842,730
2, 486,183
4,135,500
2,147,800
5,161, 200
6,460,898
8, 111, 000
16,730,036
5,782,490
9,034,260
1,370,500
42,564,010
813,825
1,113,900
50,000
40,000
324, 727
269, 200
80, 000
150,000
100, 000
122, 460
611,000
1,843,400
*4," 997* 666'
7,065,000
4, 565,500
225, 000
790, 300
"7,"i0G,403
325, 200
728,000
1,755,338
265,000
100,000
1,444, 210
2,014,820
80,000
727, 287
776, 630
672,903, 597 208, 564, 841
32,106,127
$11,757,900
7,860,500
7, 864,450
7,050, 000
104,217, 500
2,164,400
23,398,052
1,036, 600
26,650,970
145,140, 815
$717, 055 26, 387, 000
1, 510, 840
17,480, 856
106, 653,361
1,709,229 24, 374, 821
500,000
3,313,985
18,465,667
"""188," 897'
5, 644, 530
2, 833, 810
10,251, 960
3,259, 495
4,806, 662
286,770
3,340, 675
8,830, 246
481, 650
2,063, 303
74,003
5, 610,400
352,000
4,428,095
7,150,700
27, 649,472
1, 558, 972
2,730, 458
33,204, 695
107,500
15,957,974
52, 833,073
2,702,943
17, 967, 829
3,004, 646
4, 634, 573 3, 950, 000
53, 808, 823
1,216,753
25,689,153
1,343, 322
13,414,522
5,383,039
2, 388, 650 I 31, 860, 487
2,053,092 j 2,697,908
27, 212, 060
1, 234, 000 1,995,400 j 44,649, 436
2,176, 654
20, 853,244
3, 840, 900
26, 588, 560
143, 560
10.126, 881
226,000
508, 000
1,918, 631
60,014,044
,000
5,136,825
230,000
30, 000
150,000
525,200
3,008,000
4,851,543
511, 205
540, 000
2,500
35, 000
4,440,000
16, 696
1,296, 696
320,000
5, 241,497
100, 000
9, 306,450
317, 868
1, 667, 868
36,785,458
79, 292, 889 1,029,652, 912
The distribution of the circulating medium of the country as shown
by the cash holdings of national and other banks on or about the close
of the fiscal year ended June 30,1891, is exhibited in the following
table.
The total cash on hand held by banks other than national, 4,989 in
number, was $165,634,081, of which $8,883,552, was gold, $1,939,647
silver, $45,456,720 paper currency, $15,713,390 specie not classified* and
$93,640,772 cash not classified. The total amount held by national
and other banks was $479,085,588.
83
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT SHOWING THE AMOUNT OF GOLD, SILVER, ETC., HELD BY NATIONAL
BANKS ON JULY 9, 1891, AND BY OTHER BANKING INSTITUTIONS ON OR ABOUT
THE SAME DATE.
Classification.
Gold coin
Gold Treasury certificates
Gold (clearing house) certificates.
Silver dollars
Silver, fractional
Silver Treasury certificates
National-bank notes
Legal-tender notes
Fractional currency
Specie not classified
Cash not classified
Total.
National
banks.
$87, 695,142
63,910,310
6,706,000
7, 631,470
5, 023,920
19, 802, 695
21,418,977
100,399,811
863,182
313,451, 507
Other (4,989)
banking institutions.
$8, 883, 552
1, 939,647
Total.
$96, 578,694
63, 910, 310
6,706,000
14, 595,037
19,802,695
45, 456,720
167,275, 508
15,713,390
93,640,772
863,182
15,713, 390
93,640,772
165,634,081
479,085,588
In the Appendix, p. 236, tables will be found showing by States and
Territories the condition of banks other than national, as obtained from
both official and unofficial sources; aggregate resources and liabilities
of each class; comparative statements of? condition of7 State banks, 1872
to 1891;
loan and trust companies, 1886- 87 to 1890- 91; savings banks,
1886-?87 to 1890->91; private banks, 1887-?91; deposits in savings banks,
number
of depositors and average amount due each, by States, in
1889-?90 and 1890-?91; and a summary of condition of the chartered
banks in the Dominion of Canada. On page 234 will be found a table
showing by States and Territories the estimated population of each on
June 1, 1891, based on the census of 1890, and the aggregate capital,
surplus, undivided profits, and individual deposits of national and State
banks, loan and trust companies, and savings and private banks of
the United States at date of reports of the various classes, nearest
thereto, the average of these per capita and the per capita average of
such resources in each class of banks. It appears that the population
of the country on the date in question was 64,156,300, and the total
banking funds $5,840,438,191, an average of $91.03. The per capita
averages of such resources in each class of banks are: National banks,
$39.32;. State banks, $13.13; loan and trust companies, $7.63; savings banks, $28.72; and private banks, $2.23.
LOAN AND TRUST COMPANIES IN THE DISTRICT OF COLUMBIA.
During the first session of the Fifty-first Congress an act passed entitled, "An act to provide for the incorporation of trust, loan, mortgage,
and certain other corporations within the District of Columbia." This
act was approved on the 1st day of October, 1890. Under its provisions
companies can be formed for the purpose of carrying on within the District of Columbia any one of the three classes of business specified as
follows:
First. A safe deposit, trust, loan, and mortgage business.
Second. A title "insurance, loan, and mortgage business.
Third. A security, guaranty, indemnity, loan, and mortgage business.
It is further provided that the capital stock of said companies shall
not be less than $1,000,000, and that any of these companies may conduct a storage business when its capital stock amounts to the sum of
not less than $1,200,000.
Two methods are provided whereby companies may come under the
provisions of the act.
84
RErOKT OF THE COMPTROLLER OF THE CURRENCY.
(1) By an association of not less than twenty-five natural persons
to form a company, which shall receive its original charter from the
Commissioners of the District of Columbia and thereby become a body
corporate and politic, and as such vested with all the powers and charged
with all the liabilities conferred and imposed by the act upon companies
organized under the provisions thereof.
(2) Provision is made that any safe deposit company, trust company,
surety or guaranty company, or title insurance company, incorporated
and operating under the laws of the United States or the District of
Columbia, or of any of the States, and doing business in said District
at the time of the passage of said act, may avail itself of the provisions
of the act.
No charters have been issued by the Commissioners of the District of
Columbia to corporations formed by the association of natural persons
under the first method provided for in the act, but three companies, incorporated previous to the passage of the act and at that time doing
business in said District, have availed themselves of its provisions, to
wit: The American Security and Trust Company, the Washington Loan
and Trust Company, and the National Safe Deposit Company.
The American Security and Trust Company was originally chartered
under the laws of the State of Virginia, on the 12th day of October,
1889, with a capital stock of $1,250,000, divided into shares of the par
value of $100 each. This company executed a certificate of its intention to avail itself of the provisions of the act of Congress, on the 11th
day of November, 1890, and filed the same with the Comptroller of the
Currency. It having complied with all the provisions of law applicable thereto, on the 17th of November, 1890, the Comptroller issued to
said company the certificate contemplated by section 5 of the act approved October 1, 1890, and the company has since that date been
operating under its provisions.
The Washington Loan and Trust Company was incorporated under
the laws of the State of West Virginia on the 15th day of August, 1889.
This company has a capital of $1,000,000, divided into shares of $100
each, and was doing business in the District of Columbia at the date
of the passage of the act of Congress above referred to. It having filed
with the Comptroller of the Currency a certificate of its intention to
avail itself of the provisions of the act aforesaid and having complied
with the other requirements of the act, the Comptroller issued to said
company, on the 13th day of December, 1890, a certificate that it was
entitled to transact the business of a trust company.
The National Safe Deposit Company of Washington was at the date
of the passage of the act of Congress first above mentioned doing business in the District of Columbia as a safe deposit company, incorporated
by act of Congress approved January 22, 1867. On the 17th of March,
1891, this company executed a certificate of its intention to avail itself
of the provisions of the act of Congress approved October 1,1890. It
having complied with the provisions of law, the Comptroller issued to
said company, on the 3d day ofApril, 1891, the certificate contemplated
by the provisions of section 5 of said act, under which it was authorized
to enter upon the business of a trust company. It also has a capital of
$1,000,000.
Each of these companies has declared its intention to avail itself of
the provisions of the act of Congress aforesaid for the purpose of carrying on the kind or class of business described in subdivision 1 of section 1 of said act 5 that is to say, a safe deposit, trust, loan, and mortgage business, in addition to the powers lawfully exercised at the time
REPORT OF THE COMPTROLLER OF THE CURRENCY.
85
they severally came under the operations of the act of Congress above
referred to. Each of these companies has also deposited with the
Comptroller of the Currency securities equal in actual value to onefourth of the capital stock paid in, and is therefore entitled to become
and act as administrator, executor, guardian of the estate of a minor,
or undertake any other kindred fiduciary duty authorized by the act.
One, the American Security and Trust Company, is also authorized to
do a storage business, in accordance with the second proviso to the
third paragraph of section 1 of the act above referred to.
These several companies have each been duly examined, and have
made and published reports of condition from time to time as contemplated by the provisions of sections 5211, 5212, and 5213 of the Eevised
Statutes of the United States. A statement of condition at date of last
report will be found in the Appendix, pages 251-253.
Aside from associations formed under the national bank act and
those above enumerated, only one other corporation located in the
District of Columbia comes in any manner under the supervision of the
Comptroller of the Currency.
The institution herein referred to is the National Savings Bank of the
District of Columbia. This institution was chartered May 24, 1870,
and has since been in operation. It is now, however, practically in
process of liquidation, its business being gradually transferred to and
absorbed by the National Safe Deposit Company, above referred to.
A report of its condition on the 25th of September is published in the
Appendix, page 250, which will show its condition at that time. It is
understood to be the purpose of the directors of this bank to complete
the tranfer of its business to the National Safe Deposit Company and
to finally close its affairs at the earliest practicable date.
CONCLUSION.
During the year covered by the report the country has been passing
through a financial crisis, unique in its character but of great severity.
In no country are the conditions more favorable to the success of well
directed enterprise than in this, and in none can the speculative operator
find a more tempting and fruitful field. These conditions necessarily
tend toward overtrading and undue expansion of credits, and these in
due time result in collapse and general financial distress.
Although periods of business disaster follow each other at reasonably
well-defined intervals, the multitude, oblivious of the past, are always
taken unawares. Those charged with the management of national
banks are not free from the optimistic spirit which characterizes their
fellows, and hence the associations under their control invariably suffer
whenever these periods of depression recur. The failures witnessed
during the year just closed exemplify the operations of the forces to
which- allusion is made.
Whenever we consider the immense shrinkage of values which the
liquidations of the past twelve months involves, we are surprised that
the associations constituting the national system have not suffered more
severely. The growth of this system in recent years must not be overlooked when we are called upon to consider the degree of success that
has attended its operations.
It is rapidly becoming popularized and for that reason more intimately
connected with the business enterprises of the common people, reflecting with increasing faithfulness the degree of success or failure that attends their various commercial and industrial pursuits. So long as
86
REPORT OF THE COMPTROLLER OF THE CURRENCY.
banking remains free, associations will be formed by inexperienced men
whose management will sometimes prove unskillful and disastrous. So
long as dishonest men exist banks must not expect to entirely escape
the defalcations and embezzlements which occasionally startle the public. Failures are inevitable under any system which stops short of governmental guaranty, and the latter is, of course, impracticable. That
system, then, is best, all else being equal, which is found upon trial to
exhibit the minimum of failures. In this respect, the national system
stands unapproached and indisputably superior to all which have preceded it. It is confidently hoped therefore that such measures will be
taken by Congress as will serve to perfect a system which has proved
so effective in the past, and which is so necessary to the future welfare
of the people.
The Comptroller desires in closing to say that the past year has devolved upon the Currency Bureau an amount of labor and responsibility
which is entirely unprecedented. To those associated with him in the
conduct of the affairs of the Office he is greatly indebted for the intelligent
and faithful service which has made it possible to meet these increased
responsibilities. He also desires to gratefully acknowledge the valuable assistance rendered him by those charged with the preparation
of the statistical matter contained in this report.
EDWARD 8. LACEY,
Comptroller of the Currency.
The SPEAKER OF THE HOUSE OF REPRESENTATIVES,
APPENDIX.
87
NAMES AND COMPENSATION OF OFFICERS AND CLERKS IN THE OFFICE OF THE
COMPTROLLER OF TEIE CURRENCY, OCTOBER 31, 1891.
JSTaine.
Edward S. Lacey
R o b e r t M . Nixon
Hopkins J . Hanford
George M. Coffin
Watson W. Eldridge
Edwin Z. Perkins
George "W. Robertson
Amos Webster
Theodore O. Ebaugh
,
Charles J. Stoddard
Edward A. Demaray
Willis J. Fowler
John A. Hebrew
Endicott King
George T. May
Edmund E. Schreiner
Charles McC. Taylor
Walter Taylor
Thomas P. Kane
Harriet M. Black
William E. Colladay
Sarah F. Fitzgerald
Edward S. May
Washington K. McCoy
Isaac C. Miller
Joseph K. Miller
Charles A.Stewart
William D. Swan *
Ephraim S. Wilcox
GeorgeH. Wood
Willard E. Buell
Francis J. Byrne
Eliza R.Hyde
R. LeRoy Livingston
Mary L. McCormick
Morris M. Ogden
Carrie L. Pennock
Margaretta L. Simpson
Arthur M. Wheeler
Frederick Widdo ws
Eliza M. Barker
Eveline C. Bates
Margaret L. Browne
PhiloL.Bush
Sarah M. Cartwright
Loren H. Milliken
Eliza A. Saunders
Ebenezer Southall
Theresa E. Tilley
Anna M. Whiteside
Louisa Campbell
George B. Chamberlin
Yirgini a H. Clarke
Sarah G. Clemens
Mary L. Conrad
Arthur L. Hitchcock
Alice M. Kennedy
Emma Lafayette
Franklin L.Mitchell
Marie Richardson
Warren E. Sullivan
Henry F. Loveaire
Thomas H. Austin
Ellen Carey
Geraldine Clifford
,
Salary.
Grade.
Comptroller
Deputy Comptroller
Chief clerk
Chief of division
do
do
Superintendent
Teller
Bookkeeper
Assistant bookkeeper
Clerk, class 4
,
do
,
do
do
do
do
do
do
Stenographer
Clerk, class 3
do
do
do
do
do
do
do
do
do
do
Clerk, class 2
do
do
do
do
do
do
do
do
do
Clerk class 1
do
do
do
._.
do
do
do
do
do
do
Clerk class E
do
do
do
do
do
do
do
do
do
do
Engineer
Clerk class D
do
do
k
Additional as bond clerk, $200.
, 000.00
, 800.00
,500.00
,200 00
, 200. 00
, 200. 00
, 200. 00
,000 00
, 000. 00
, 000. 00
,800.00
, 800. 00
, 800. 00
, 800. 00
,800.00
, 800. 00
, 800. 00
, 800. 00
, 600.00
, 600. 00
, 600. 00
, 600. 00
, 600. 00
, 600. 00
,600.00
,600.00
, 600.00
, 600. 00
, 600. 00
,600.00
,400.00
, 400. 00
, 400. 00
, 400.00
, 400. 00
, 400.00
, 400. 00
,400.00
,400.00
,400.00
, 200. 00
, 200.00
, 200. 00
, 200. 00
, 200. 00
,200.00
, 200. 00
, 200. 00
,200.00
,200.00
,000.00
, 000. 00
, 000. 00
, 000.0Q
, 000. 00
, 000. 00
, 000. 00
, 000. 00
, 000. 00
, 000. 00
, 000. 00
,000.06
900. 00
900. Oft
900.00
-
89
90
NAMES
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AND COMPENSATION OF OFFICERS AND CLERKS IN T H E O F F I C E OF T H E
C O M P T R O L L E R O F T H E C U R R E N C Y , O C T O B E R 31, 1891—Continued.
Name.
Bessie P. Co well
William S. Davenport
Harry Dresback
Margaret E. Gooding
Mary B. Harvell
Charles S. Hyde
Frank T.Israel
Lucretia W. Knowton
M ary A. Martin
Margaret F. Ogden
Mary E.Oliver
William W. Poultney
Anna E. Rhodes
Sarah A. W. Tiffey
Julia C. Town send
Clara L. Willard
William Griffiths
SilasHolmes
William H. H. Minturn
John F. Robertson
Langston W.Allen
John Earle
Samuel M. Freeman
Robert S. Camper
Daniel H. Mason
William W. Watson
-
Salary.
Grade.
$900.00
900.00
900. 00
900. 00
900.00
900.00
900.00
900. 00
900.00
900. 00
900. 00
900. 00
900.00
900. 00
900. 00
900.00
840.00
720. 00
720.00
720.00
720. 00
720. 00
720.00
660.00
660.00
660.00
Clerk class D
do
.do .
.do .
.do .
.do.
.do.
.do.
.do .
.do .
.do .
-do .
-do.
.do.
do
do
,
Messenger
Assistant messenger .
do
do
Watchman .
do .
Fireman .
Laborer .
do . .
do..
EXPENSES OF THE OFFICE OF THE COMPTROLLER OF THE CURRENCY FOR THE
YEAR ENDED JUNE 30, 1891.
For special dies, plates, printing, etc
For salaries
For salaries, reimbursable by national banks
,
$42,479.76
102,745.24
16,177.60
The contingent expenses of the office are not paid by the Comptroller, but from the general appropriationfor contingent expanses of the Treasury Department; no separate account of them is kept in
A DIGEST OF NATIONAL-BANK CASES.
CONTENTS.
I. Constitutional law.
(1) Powers of Congress; (2) Powers of the States.
II. Powers and liabilities of national banking associations.
(1) Implied powers; (2) As to collateral securities; (3) Special deposits; (4)
Government securities; (5) Certified check; (6) Purchasing check; (7)
Stock ; (8) Deposits to secure performance of contract; (9) Loans in excess
of one-tenth capital; (10) Real estate; (11) Certificates of deposit; (12)
Lien on dividends ; (13) Contracts and obligations of old corporation ; (14)
Place of business; (15) Circulating notes; (16) Business of liquidating"
association.
III. Ultra vires.
(1) Dealing in stocks; (2) Purchasing negotiable paper; (3) Lending credit; (4)
Mortgages on real estate; (5) When association can not set up want of
power.
IV. Stock.
(1) Purchasing its own stock; (2) Lien on stock; (3) May be attached; (4)
Capital set free belongs to shareholders ; (5) Contract to give shares for
business; (6) Transfer of stock; (7) Subscriptions to increase of capital
stock; (8) Specific performance of contract to sell.
V. Shareholders.
(1) Estopped to deny incorporation; (2) Individual liability; (3) When liability disqualifies from voting; (4) Right to inspect books.
VI. Officers.
(1) Tenure of office; (2) Bonds of officers; (3) Directors must act as a board;
(4) Borrowing of association; (5) Liability for violations of law ; (6) Directors of converted banks ; (7) Retirement of directors.
VII.
Interest.
(1) What interest associations may take; (2) On claims against insolvent and
liquidating associations; (3) Usury.
VIII. Insolvent associations.
(1) Not subject to bankrupt act; (2) What constitutes insolvency ; (3) Assets
a trust fund ; (4) United States has no priority; (5) Claims'for torts; (6)
Preferences; (7) Basis for estimation of dividends; (8) Set-oif; (9) Claim
for breach of contract of lease.
IX. Receiver.
(1) Officer of the. United States : (2) Whom he represents; (3) How far subject
to Comptroller's orders; (4) Power of courts toappoiut; (5) Debtors of
association can not question legality of appointment; (6> Receiver's decision not final; (7) Sale by; (8) Contracts of; (9) Expenses of receivership for association which has gone into liquidation.
91
92
REPORT OF Tin: COMPTROLLER OF THE CURRENCY,
X. Taxation.
(I) What maybe taxed; (2) Rate; (3) Valuation; (4) Exemptions; (5) Collection of tax from association ; (6) License tax ; (7) Powers of taxingofficers; (8) Enforcement of taxes; (9) Location of association for taxing
purposes.
XI. Jurisdiction.
(1) Jurisdiction of Federal courts prior to the act of July 12, 1882; (2) Jurisdiction of Federal courts subsequent to act of July 12, 1882; (3) Jurisdiction of State courts; (4) United States can not be subjected to jurisdiction
of court; (5) Citizenship.
XII. Suits.
(1) By and against associations; (2) By shareholders; (3) By receivers; (4) By
creditors of insolvent association; (5) For usury; (C) To enforce liability
of shareholders; (7) Execution; (8) Attachments; (9) Abatement; (10)
Estoppel; (11) Suits against liquidating associations; (12) Transitory and
local suits; (13) Survival of suits.
XIII. Evidence.
(1) Certificate of Comptroller; (2) Evidence of insolvency; (3) Necessity for
assessment by Comptroller.
XIV. Crimes.
(1) Under United States laws; (2) Under State laws; (3) Term "United States
currency " in penal statutes.
I. CONSTITUTIONAL LAW.
1. POWERS OF CONGRESS:
(a) Congress has the constitutional power to incorporate banks. (McCullochv.
Maryland, 4 Wheat.. 316: Osborne v. Bank of the United States, 9 Wheat.
738.)
(b) Congress has power to clothe national banking associations, as to their contracts and dealings with the world, with any special immunities and privileges exempting them, in their trade and intercourse with others, from the
laws and remedies applicable in like cases to other citizens. (The Chesapeake Bank v. The First National Bank of Baltimore, 40 Aid., 269.)
(c) Thus, the provision of the banking law that no attachment, injunction, or
execution shall issue against a national banking association before final
judgment in any suit, action, or proceeding in a State court is constitutional. (Ibid.)
(d) The tax imposed on State or national banks paying out the notes of individuals or State banks for circulation is constitutional. (Veazie Bank v.
Fenno, 8 Wall, 533.)
(e) So is the tax imposed on them for paying out the circulating notes of municipal corporations. (Merchants'' National Bank of Little Bock v. United
• States, 101 U. S., 1.)
(/) Such a tax is not a direct tax within the meauing of the clause of the Constitution which declares that "direct taxes shall be apportioned among the
several States according
to their respective numbers." (Veazie Bank v.
Fenno and Mechanics7 National Bank of Little Bock v. United States, mpra.)
(g) Congress having, in the exercise of undisputed constitutional powers, undertaken to provide a currency for the whole country, may secure the benefit of it to the people by appropriate legislation. (Veazie Bankv. Fenno,
supra.
(h) Congress has the power to divest the United States courts of their jurisdiction of suits by or against national banking associations. (National Bank
of Jefferson v. Fare et al., U. S. C. C. (E. D. Texas), 25 Fed. Bep., 209.)
2. POWERS OF THE STATES:
(a) National banking associations, being instruments designed to aid the Government in the administration of a branch of the public service, can not be
controlled by the States, except in so far as Congress may see proper to
permit. (Farmers and Mechanics1 Batik v. Bearing, 91 U. S., 29.)
(b) No authority from the State is necessary to enable a State bank to convert
itself into a national banking association. (Casey .v. Galli, 94 U. £.,673.)
(c) National banking associations located outside of a State are subject to its
restraining acts prohibiting all corporations, not authorized by the law of
the State, from keeping therein offices for the purpose of discount and deposit. (National Batik of Fairhaven v. The Phwnix Warehousing Company, 6
Hun, 71).
(d) It is competent for a State by penal enactments to protect its citizens in
their dealings with national banking associations located within the State.
(State v. Fuller, 34 Conn., 280; see also Taxation and Jurisdiction.)
II. POWERS AND LIABILITIES.
1. IMPLIED POWERS:
To the enumerated powers of national banking associations are to be superadded all the powers incidental to the business of banking. (Pattison v.
Syracuse National Bank, 80 N.Y., 82.)
2. AS TO COLLATERAL SECURITIES:
(a) A national banking association may take stock of a corporation as 7collateral security for a loan. (Shoemaker v. The National Mechanics Bank, 2
Abb. U. S., 416; Canfieldv. The State National Bank of Minneapolis, U. S.
C. C. (Dist.Minn.), I Northwestern Reporter, 173.)
93
94
REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. As TO COLLATERAL SECURITIES—Continued.
(b) And it may take for such purpose the stock of another national banking
association. (National Bank v. Case, 99 U. S., 628.)
NOTK.—But this point was not necessary to the decision of the case.
(c) A national banking association may take a pledge of personal chattels as
security for a loan. (Pittsburg Locomotive and Car Works v. State National
Bank of Keokuk, U. S. C. C. (Eighth Circuit, 1875), 2 Cent. L. J., 692.)
(d) A national banking association may take as security for a loan the indorsement of a married woman, charging her separate estate. Such security is
to be treated as personal security, within the meaning of the banking law,
and not as a mortgage. (Third National Bank v. Blake, 73 N. Y., 260).
(e) A national banking association may take as collateral security for a loan
a warehouse receipt for merchandise. (Cleveland, Brown fy Co., v. Shoeman,
40 Ohio St., 176.)
(/) A national banking association may take as security for a loan the stock
of a corporation whose entire capital is vested in real estate. Such a loan
does not amount to a lending upon mortgage. (Baldwin v. Canfield, 26
Minn., 43.)
(g) An agreement by a national banking association to the effect that, in case
a note discounted by it shall not be paid, a mortgage given by the maker
to his indorser shall inure to the benefit of the association, is not inhibited
by the national banking law. (First National Bank v. Haire, 36 Iowa, 443 j
see also National Bank v. Matthews, 98 U. S., 621.)
(h) A national banking association having taken a mortgage on real estate to
secure a debt previously contracted may, in order to protect itself, pay off
a prior lien on the said real estate; and the lien which it thus acquires it
may enforce. (Ornn v. Merchants' National Bank, 16 Kans., 341; Holmes v.
Boyd, 90 Ind,, 332.)
(i) Where a national banking association has taken collaterals to secure a loan,
and, after the loan has been repaid, holds them to secure future advances,
it is not a gratuitous bailee; and it is responsible for the loss of such collaterals occasioned by its lack of ordinary care and diligence, though at
the time the bailor was not indebted to it. (Third National Bank of Baltimore v. Boyd, 44 Md., 47.)
3. SPECIAL DEPOSITS:
(a) A national banking association may receive special deposits. The provision in section 5228, Revised Statutes, authorizing an association "to deliver
special deposits" implies that it may receive them as a part of its legitimate
business; and this implication is as effectual as an express declaration to
the same effect would have been. (National Bank v. Graham, 100 U. S.,
699.)
(b) National banking associations have power to receive special deposits either
gratuitously or otherwise. (Pattison v. Syracuse National Bank, 80 N. Y., 82.)
(c) But the executive officers of an association can not bind it as a gratuitous
bailee, unless they have a special authority from the board of directors so
to do, or there exists a general custom or usage to that effect. (First National Bank of Lyons v. Ocean National Bank, 60 N. Y., 278.)
4. GOVERNMENT SECURITIES:
(a) National banking associations can engage in the business of dealing in and
exchanging Government securities. (Van Leuven v. First National Bank,
54 N. r.,671; Yerkes v. National Bank of Port Jervis,69 N. Y.,383; Leach
Y.Hale,31 Iowa, 69.)
(b) And where an association receives United States bonds of one class for the
purpose of having them converted into bonds of another class, it is not a
mere mandatary, but is responsible for the failure to deliver the bonds on
demand. (Leach v. Hale, supra.)
5. CERTIFIED CHECK:
A national banking association may "certify" a check. A " certified" check
is not within the meaning of section 5183, Revised Statutes, which prohibits the issuing of post-notes or any notes to circulate as money other1
than such as are authorized by the national banking law. (Merchants
National Bank v. State National Bank, 10 Wall., 604.)
6. PURCHASING CHECK:
A national bank may buy a check drawn upon another bank ; and whether the
check is payable to order or to bearer is immaterial. {First National Bank
of Rochester v. Harris, 108 Mass.} 514.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
95
7. STOCK :
(a) A national banking association, in the compromise of a claim growing out
of its legitimate business, may take railroad stock. (First National Bank of
Charlotte v. National Exchange Bank of Baltimore, 92 U. S., 1'22.)
(b) And when necessary to do so, it may pay the difference between the value
of the stock and the amount of the claim. (Ibid.)
(c) A national banking association may take and hold the coupons of municipal bonds, and may maintain actions thereon. (First National Bank of North
Bennington v. Town of Bennington, U. S. C. C. (Dist. Vt.), Browne''s N. B.
Cas.j 437; see also Lyons v. Lyons National Bank, 19 Blatch., 279.)
8. DEPOSITS TO SECURE PERFORMANCE OP CONTRACT :
A national banking association may receive a deposit to be held by it as security for the faithful performance of a contract between the depositor and
another. (Bushnell v. The Chautauqua County National Bank, 10 Run, 378.)
NOTE.—But the court put the decision upon the further ground that even were
the contract ultra vires, the association, having received the deposit, was
estopped from setting up its want of power.
9. LOANS IN EXCESS OF ONE-TENTH CAPITAL:
(a) Sec. 5200, Revised Statutes, which provides that the total liabilities to
any association of any person, etc., shall not exceed one-tenth part of the
capital stock paid in, was intended only for the guidance of the association, and, though its franchises may be liable to forfeiture for violation of
the law, the association may recover of the borrower the full amount of
the loan. (Gold Mining Company v. Rocky Mountain National Bank, 96 U.
S., 640; O'Hare v. Second National Bank of Titusville, 77 Penn. St., 96; Shoemaker v. The National Mechanics' Bank, 2 Abb. U. S., 416; Stewart v. National Union Bank of Maryland, 2 Abb. U. S., 424.)
(b) A note is not illegal because at the time it was discounted by the association the maker was indebted to the association in a sum equal to more than
one-tenth part of its capital. (O'FLare v. Second National Bank of Titusville,
supra.)
(c) And a court of equity will not enjoin an association, at the instance of the
borrower, from transferring to innocent third persons notes and securities,
on the ground that the notes represent part of a loan made in excess of 10
per cent of the capital of the association. (Elder v. First National Bank of
Ottawa, 12 Kans., 238.)
(d) Where a State bank makes a loan to one person of an amount in excess of
one-tenth part of its capital, and is afterward converted into a national
bank, it may, after conversion, extend the time for payment of such loan
without violating section 5200, Revised Statutes. (Allen v. The First National Bank of Xenia, 23 Ohio St., 97.)
10. REAL ESTATE :
(a) Where a national banking association acquires real estate which it is not
authorized to take, the conveyance to it is not void, but only voidable.
And the title of the association to such real estate is good until assailed
in a direct proceeding by the Government. (Reynolds v. Crawfordsville
Bank, 112 U. S., 405 ; see also National BankY. Matthews, 98 U. S., 621; National Bankv. Whitney, 103 U. S., 99; Sivopev. Leffingwell, 105 U. S.f 3 ;
Fortier v. New Orleans Bank, 112 JJ. S., 439.)
(b) The amount of real estate which a national banking association may purchase to secure a pre-existing debt is not limited to the exact amount of
the debt, but as much may be purchased as is necessary to secure the debt
due, so long as the security of such debt is the real object of the purchase.
(Upton v. National Bank of South Reading, 120 Mass., 153.)
(c) Where the purpose is to secure a debt previously contracted, a national
banking association may take a conveyance of real estate worth more than
the debt, and pay the difference between the debt and the value of the
property. (Libby v. Union National Bank, 99 III., 622.)
(d) Where a national banking association sells real estate it may take a mortgage thereon to secure the payment of the purchase-money. (New Orleans
National Bank v. Raymond, 29 La. Ann., 355.)
11. CERTIFICATES OF DEPOSIT:
National banking associations may issue certificates of deposit. Such certificates are not post-notes within the prohibition of section 5183, Revised
Statutes. (Huntv. Appellant, Supreme Court of Mass., May 7, Ih86; Bid
dU v. First National Bank, U. S. C. C. (W. D. Penn.), 27 Fed. Rep., 503.)
9G
REPORT OF THE COMPTROLLER OF THE CURRENCY.
12. LIEN ON DIVIDENDS
An association has equitable lien upon dividends declared for any just debt
due to it from the shareholders. {Hager v. Union National Bank, 63 Me.,
509.)
13. CONTRACTS AND OBLIGATIONS OF OLD CORPORATION:
(a) Where a State bank has been converted into a national banking associa.
tion it may enforce all contracts made with it while a State corporation.
(CityNational Bank Y. Phelps, 97 N. Y., 44.)
(b) And it is liable, after the conversion, for all the obligations of the oM institution. (Coffee v. The National Bank of Missouri, 46 Mo., 140; KeUey v.
The National Bank of Crawford, 69 Penn. St~, 426.)
(c) A national banking association organized as the successor of a State bank
may take and hold the assets of the bank whose place it takes, though there
was not in form a conversion from a State to a national corporation, but
the organization of a new corporation. (Bank v. Mclntire, 40 Ohio St.,
528.)
(d) And such association will be liable to the depositors of the former bank.
(Eans v. Exchange Bank, 79 Mo., 182.)
14. PLACE OF BUSINESS :
*
(a) The provisions requiring "the usual business" of the association to be
transacted " a t an office or banking-house in the place specified in its organization certificate " must be construed reasonably; and a part of the
legitimate business of the association which can not7 be transacted at the
banking-house may be done elsewhere. (Merchants Bank v. State Bank, 10
Wall, 604.)
(6) Although the general business of a national banking association is to be
transacted at its place of business, yet if the association is fully advised
of the facts, and does not object, and there is no fraud, its officers, when
acting within the general scope of their authority, may bind it by acts done
at another place. (Burton v. Burley, 9 Biss., 253.)
(c) Under Revised Statutes, section 5190, providing that "the usual business
of each national banking association shall be transacted at an office or
banking-house located in the place specified m its organization certificate,"
a national bank can not make a valid contract for the cashing of checks
upon it at a different place from that of its residence, through the agency
of another bank. (Armstrong v. National Bank of Springfield, 38 Fed. Bet).,
883.) ^
(d) Whatever the terms of such an arrangement, being made before the date of
the drawee bank's certificate of authorization, it is invalid under Revised
Statutes, section 5136, providing that no banking association " shall transact any business except vsuch as is incidental and necessarily preliminary
to its organization, until it has been authorized by the Comptroller of the
Currency to commence the business of banking." (Ibid.)
15. CIRCULATING NOTES:
The circulating notes of a national banking association are valid, though they
do not bear the imprint of the seal of the Treasury. ..Such imprint was
intended to be simply evidence of the contract, and forms no part of the
contract itself. ( United States v. Bennett, 17 Blatch., 357.)
16. BUSINESS OF LIQUIDATING ASSOCIATION:
After an association goes into liquidation there is no authority on the part of
its officers to transact any business in its name so as to bind its shareholders, except that which is implied in the duty of liquidation, unless
such authority has been expressly conferred by the shareholders. (Richmond v. Irons, 121 U. S., 27.)
111. ULTRA VIRES.
1, DEALING IN STOCKS:
(a) A national banking association is not authorized to act as a broker or agent
in the purchase of bonds and stocks. (First National Bank of Allentown v.
Eoch, 89 Penn. St., 324 ; Weckler v. The First National Bank of Hagerstown
42 Jtfd., 581.)
v
(b) A national banking association can not deal in stocks. The prohibition is
to be implied from the failure to grant the power. (First National Bank v.
National Exchange Bank, 92 U. S., 122.)
NOTE,—But see, as to its power to deal in Government securities, Powers, 4.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
97
2. PURCHASING NEGOTIABLE PAPER :
A national banking association can not purchase negotiabl? paper. (Lazear v.
National Union Bank of Baltimore, 52 Md., 78; First National Bank of Rochester v. Pier son, 24 Minn., 140; see also Farmers and Mechanics' Bank v. Baldwin, 23 Minn., 198. But see Smith v. The Exchange Bank of Pittsburg, 26
Ohio St., 141.;
3. LENDING CREDIT:
{a) A national banking association can not lend its credit. (Johnston v. Charlottesville National Bank, 3 Hughes, 657 ; Seligman v. Charlottesville National
Bank, 3 Hughes, 647.)
(b) A national banking association can not guaranty the paper of a customer
for his accommodation. (Seligman v. Charlottesville National Bank, supra.)
(c) The accommodation paper of a national banking association is void in the
hands of one who takes it with knowledge of its character. (Johnston v.
Charlottesville National Banks supra.)
4. MORTGAGER ON REAL ESTATE:
(a) National banking associations are by implication prohibited from taking
mortgages on real estate as security for contemporaneous loans. (National
Bank v. Matthews, 98 U. S , 621; Fowler v. Scully, 72 Penn. St., 456; Kansas
Valley National Bank v. Roivell, 2 Dill, 371; Commonwealth Bank v. Clark,
4 Mo., 59; Crocker v. Whitney, 71 N. Y., 161; Fridley v. Bowen, 87III., 151.)
(b) But where such security has been taken, no one but the Government can
be heard to complain that the association has exceeded its powers. (National Bank v. Matthews, supra ; National Bank v. Whitney, 103 U. S., 99;
Swopev. Leffingwell, 105 U. S., 3; Reynolds v. National Bank, 112 U. £.,405;
Fortier v. National Bank, 112 U. S., 439.)
NOTE.—These decisions overrule, on this point, Kansas Valley National Bank v.
Rowell, 2 Dill., 371; Crockery. Whitney, supra; Fowler v. Scully, supra;
Matthews v. Skinner, 62 Mo., 329; Woods v. People's National Bank of Pittsburg, 83 Penn. St., 57; Fridley v. Bowen, supra.
5. WHEN ASSOCIATION CAN NOT SET UP WANT OF POWER:
Where a national banking association has entered into a contract which it was
not authorized to make, a party who has enjoyed the benefit of sujch contract can not question its validity. (Casey v. La Socie'te' de Credit Mobilier,
2 Woods, 77; German National Bank v. Meadowcroft, 95 III., 124.)
IV. STOCK.
1. PURCHASING ITS OWN STOCK:
Where a national banking association purchases shares of its own stock, and
divides them among its directors, to whom the shares are transferred upon
the stock books, the transaction is void, and no title passes. (Meyers v.
Valley National Bank, U.S.D. C. (E. Dist. Mo.), 13 National Bankruptcy
Register, 34.)
2. LIEN ON STOCK:
(a) A national banking association can not acquire a lien on the stock of a
shareholder. And a by-law prohibiting a transfer until all liabilities of the
shareholder to the association are discharged, or a provision to that effect
in the certificates of stock, is void. (Bullard v. National Bank, 18 Wall.,
589; Bank v. Lanier, 11 Wall., 369; Conklin v. The Second National Bank, 45
N. Y., 655.)
(b) A national banking association can not take a pledge of its stock to secure
a deposit made by it with another bank. Such a transaction amounts to a
lending upon the security of its own shares. (Bank v. Lanier, supra.)
(c) Though a bank is prohibited from lending money upon the security of its
own shares, yet, if the shares have been sold and the proceeds applied to
the payment of the debt, the courts will not aid the shareholder to recover
the value of the shares. He can dispute the validity of the transaction
only while the contract is executory, and the security still subsists in the
possession of the bank. (National Bank ofXeniav. Stewart, 107 U. S, 676.)
3. MAY BE ATTACHED :
The stock of a shareholder indebted to it may be attached by the association
and sold on execution. (Hager v. Union National Bank, 63 Me., aO9.)
11167
7
98
REPORT OF THE COMPTROLLER OF THE CURRENCY.
4. CAPITAL SET FREE BELONGS TO SHAREHOLDERS:
When a national banking association reduces its capital stock the amount of
capital thus released belongs to the shareholders pro rata and must be returned to them; and it can not be retained by the association for a surplus.
(Seeleij v. New York National Exchange Bank, 8 Daly, 400; S. C , 4 All. N.
C, 61; affirmed, 78 N. Y., 608.
5. CONTRACT TO GIVE SHARES FOR BUSINESS :
Where an association has made or ratified a contract to give a person a certain
number of the shares of its stock, upon condition that he will continue to
do his business with it, and derives the benefit from this contract, the
other party may recover of the association the value of the shares. (Mich
v. State National Bank of Lincoln, 7 Nelr., 231.)
6. TRANSFER OF STOCK :
(a) The transfer of shares in national banking associations is not governed by
different rules from those which are ordinarily applied to the transfer of
shares in other corporate bodies. (Johnson v. Laflin, 103 U. S.,800.)
(b) The entry of the transaction in the books of the association ia required, not
for the translation of the title, but for the protection of the parties, and
others dealing with the association, and to enable it to know who are its
stockholders. (Ibid.)
(c) A shareholder in a national bank, while it is a going concern, has the absolute right, in the absence of fraud, to make a bona fide and actual sale and
transfer of his shares, at any time, to any person capable in law of purchasing and holding the same, and of assuming the transferor's liabilities
in respect thereto; and this right is not, in such cases, subject to the control of the directors or other stockholders. (Johnson v. Laflin, 5 Dill., 65.)
(d) Under the pretense of prescribing the manner thereof, an association can
not clog the transfer with useless restrictions. (Johnson v. Laflin, supra.)
(e) When a shareholder, acting in good faith, delivers his certificates of stock,
with a blank power of attorney for making the transfer, and receives the
purchase-money, the sale is complete and the title passes. (Ibid.)
(/) Where a cashier, who is intrusted by the directors with the duty of transferring the stock of the association, refuses, for insufficient reasons, to
transfer shares, and the association subsequently becomes insolvent, the
owner of the shares may maintain an action against the receiver for the
injury sustained. (Case v. Citizens' Bank, 100 U. S., 446.)
(g) Where a shareholder who has sold his stock has delivered to the bank the
certificates of stock and a power of attorney with the request that the
transfer be made upon the books of the bant, and has had no reason to
suppose that such transfer was not made, he will not, should the bank
afterward become insolvent, be held liable as a shareholder, although he
still appears as such on the books of the bank. (Whitney v. Butler] 118
*7.S.,655.)
(h) But where the president of the bank is himself the purchaser of the stock,
then the delivery of the certificates and power of attorney to him with the
request to make the transfer upon the books of the bank would not be sufficient to discharge the seller from liability as a stockholder. (Richmond v.
Irons, 121 U.S., 27.)
(i) Where a shareholder of a national bank makes a bona fide sale of his stock,
and goes with the purchaser to the bank, indorses the certificate, and delivers it to the cashier of the bank, with directions to make the transfer on
the books, he has done all that is incumbent upon him to discharge his
liability, and he is not liable, though the cashier failed to make the transfer, upon the subsequent suspension of the bank, for an assessment made
by the Comptroller of the Currency, under Revised Statutes, section 5151,
to pay the bank's debts. (Hayes v. Shoemaker, 39 Fed. Bep., 319.)
7. SUBSCRIPTIONS TO INCREASE OF CAPITAL STOCK:
(a) Where one subscribes for shares in the increase of the capital of a national
banking association in a certain amount, such subscription and payment
are upon the implied condition that the increase shall be in the exact
amount so fixed; and if such amount is changed, the subscriber may avoid
the subscription and recover the amount paid in. (Eaton v. Pacific Bank,
144 Mass., 260.)
(b) And the certificate of the Comptroller of the Currency that the amount of
the increase in another sum has been paid in, which amount includes what
was paid by the dissenting subscriber, will not be conclusive upon such
subscriber. (Ibid,)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
99
7, SUBSCRIPTIONS TO INCREASE OF CAPITAL STOCK—Continued.
(c) But if such subscriber has assented to or ratified the change he will be held
a shareholder. (Delano v. Butler', 118 U. S., 634.)
(d) National banks have no authority to increase their capital stock except as
provided by Revised Statutes, sec. 5142, and act of Congress May 1, 1886;
and where an increase is attempted to be made without obtaining the consent of two-thirds of the stock, the payment in fall of the amount of such
increase, and the certificate and approval of the Comptroller of the Currency, as required by those statutes, the proceedings are invalid, and preliminary subscriptions to such increase can not be enforced. (Armstrong
v. Stanage et al., 37 Fed. Eep., 508.)
(e) A subscriber who has made payments on his subscription to the proposed
increase believing that the statutory requirements would be complied with
is entitled to have the amount thereof allowed as a claim against the
assets of the bank in the receiver's hands, (ibid.)
(/) When the previous proceedings looking to an increase in the capital stock
of a national bank have been regular and all that are requisite, and a
stockholder subscribes to his proportionate part of the increase and pays
his subscription, the law does not attach to the subscription a condition
that it is to be void if the whole increase authorized be not subscribed;
although there may be cases in which equity would interfere to protect
him in case of a material deficiency. (Aspinwall v. Butler, 133 U. S., 595.)
(g) The Comptroller of theCurrency has power by law to assent to an increase
in the capital stock of a national bank less than that originally voted by
the directors but equal to the amount actually subscribed and paid for by
the shareholders under that vote. (Md.)
(h) Where one subscribes for shares in an increase of capital stock of a
national bank and pays for the same without waiting to see whether the
whole amount of the increase is taken, he is bound by such subscription
#and payment, though the amount of the increase is afterward reduced by
"the bank and the Comptroller of the Currency. (Butler v. Eaton, Supreme
Court U. S., May 25, 1891.)
8. SPECIFIC PERFORMANCE OF CONTRACT TO SELL:
A specific performance of a contract to sell the stock of a national banking association will not be enforced in favor of a purchaser who places his claim
for equitable relief upon the ground that he desires to obtain control of the
association. Such an object is contrary to public policy. (FolVs Appeal,
81 Perm. St.} 434.)
V. SHAREHOLDERS.
1. ESTOPPED TO DENY INCORPORATION :
A shareholder who has held himself oat to the world as such is estopped to
deny that the association was legally incorporated. (Casey v. Galli, 94 U.
S., 673; WheelocJc v.Kost, 77 III., 296.)
2. INDIVIDUAL LIABILITY:
(a) The question whether there is a deficiency of assets, and when it is neces"
sary to enforce the individual liability of shareholders, is for the Comptroller to determine; and his decision in this matter is final and conclusive*
(Kennedy v. Gibson, 8 Wall, 498; National Bank v. Case, 99 U. S., 628',
Casey v. Galli, 94 U. 8., 673.)
(b) The amount contributed by each shareholder should bear the same proportion to the whole amount of the deficit as his own stock bears to the whole
amount of the capital stock at its par value. And the solvent shareholders
can not be made to contribute more than their proportion to make good
the deficiency caused by the insolvency of other shareholders. (United
States v. Knox, 102 U. S., 422.)
(c) A shareholder who disposes of his stock will continue to be liable thereon
until the transfer is noted on the books of the association. (Bowdell v.
Farmers and Merchants' National Bank of Baltimore, U. S, C. C. (D. Md.,
1877), Browne's N. B. Cas., 147.)
(d) The individual liability of a shareholder adheres to his estate after his
death until his place as a member of the association is taken by some new
shareholder. (Davis v. Weed, U. S. D. C. (Dist. Conn.), reported 44 Conn.,
569.)
(e) The receiver has a valid claim against the estate generally of a deceased
shareholder who died prior to the insolvency of the bank, but whose stock
has not been transferred. (Richmond v. Irons, 121 U. S. 27; Davis v. Weed,
supra.)
100
REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. INDIVIDUAL LIABILITY—Continued.
(/) And the fact that the title to the stock of a deceased shareholder vests in
his administrator does not relieve the estate from the burden of an assessment. (Davis v. Weed, supra.)
(g) Nor will the fact that the administration is complete, and all the assets
have been distributed, defeat an action brought to recover the assessment.
(Ibid. But see Witters v. Soivles.)
(h) The United States district court has jurisdiction of au action at law brought
by the receiver of a national bank to recover an assessment made upon a
stockholder, and the action may be maintained in such event against the
executor of a deceased stockholder. (Stephens v. Bern-ays, U. S. C. C, E. D.
Mo.)
(i) One who appears on the books of the association as the owner of shares of
its stock is individually liable, though he hold the stock merely as collateral
security. (National Bank v. Case, 99 U. S.,628; Moore v. Jones, 3 Woods,
53;Bowdell v. Farmers and Merchants' National Bank of Baltimore, supra;
Hale v. Walker, 31 Iowa, 344; JVheelock v. Kost, supra.)
(j) But a pledgee of shares of stock in a national bank who in good faith and
with no fraudulent intent takes the security for his benefit in the name of
an irresponsible trustee for the avowed purpose of avoiding individual liability as a shareholder, and who exercises none of the powers or rights of
a stockholder, incurs no liability as such to creditors of the bank in case of
its failure. (Anderson, Receiver, v. Warehouse Company, 111 U.S., 479.)
(k) And where stock has been transferred as collateral security for a loan, with
the understanding that in case of default in the payment of the loan the shares
shall be sold, the transferee, upon default made, and before the bank closes
its doors, may sell the stock for a nominal consideration, though his purpose be to avoid a personal liability; and such a transaction can not be set
aside as a fraud upon the creditors of the association. (Magruder v. Colston,
44 Md., 349.)
NOTE.—The court put the decision upon the ground that the sale was in pursuance of a stipulation which formed a part of the contract between the
original owner and his transferee. See also Holyoke Bank v. Burnham, 11
Cush., 187, upon the authority of which the Maryland case was decided.
(I) If the trusteeship of one who holds stock in trust does not appear upon the
books of the association he will be individually liable. (Davis v. Essex
Baptist Society, U. S. D. C. (Dist. Conn.), reported 44 Conn., 58'2.)
(MI) 11A transfer of shares for the purpose of avoiding liability, though made
out and out," is void. National Bank v. Case, supra; Bowden v. Santos,
1 Hughes, 158.)
(n) And where a shareholder, who has knowledge of the insolvent condition of
the bank, transfers his shares, without consideration, to a person unable to
respond to the assessment, the transfer may beset aside and the individual
liability of the transferrer enforced. (Bowden v. Johnson, 107 U. S., 251.)
(o) The real owner of the stock is liable as a stockholder, though when he porchased the stock he had it transferred upon the books to another. (Davis
v. Stevens, 17 Blatch., 259.)
NOTE.—The case of the owner of the stock is thus different from that of a
pledgee. (See Anderson v. Warehouse Company, supra.)
(p) Where shareholders have assessed themselves to the amount of the par value
of the stock for the purpose of restoring impaired capital, the contributions
made in pursuance of such assessment, though all used in paying the debts
of the association, will not so operate as to discharge the shareholders from
their individual liability. (Delano v. Butler, 118 U. S., 634.)
(q) The individual liability of the shareholders of an insolvent association may
be enforced for the purpose of paying all of its liabilities, and not merely
for the purpose of paying its " debts," technically so called. (Stanton v.
Wilkeson, 8 Ben., 357.)
(r) The individual liability of the stockholders must be restricted in its meaning to such contracts, debts, and engagements of the association as have
been duly coutracted in the ordinary course of its business. And, therefore, creditors of an association who make settlements after the association is
put into liquidation and receive from the president payment of their claims
in paper of the association, or the individual notes of the president himself,
indorsed or guaranteed in the name of the association, are not to be considered as creditors of the association entitled to subject the stockholders
to individual liability; for these are new contracts. (Richmond v. Irons,
121 U.S.,27.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
101
2. INDIVIDUAL LIABILITY—Continued.
(s) The individual liability of the stockholders is en forcible only in behalf of
all the creditors, and any security given by a stockholder for his liability
in this respect should likewise be for the benefit of all the creditors. Accordingly, a mortgage of all the individual property of a stockholder, made
after the bank has closed its doors, for the purpose of securing a single
depositor, is void as against a judgment obtained against such stockholder
in an action by the receiver to recover the amount of his individual liability. (Gatch v. Fitch, 34 Fed, Rep., 566.)
(/) Where a married woman is by the State law capable of holding stock in a
national bank in her own right, she is liable to an assessment upon her
shares, though the law of the State does not authorize married women to
bind themselves by contracts for the payment of money. The law annexes
her obligations by its own force ; no act or capacity to act on her part is
required. {Witters v. Sowles, 35 Fed. Rep. 640; S. G. 32 Fed, Rep., 767.)
(n) The coverture of a married woman, who is a shareholder in a national bank,
does not prevent the receiver of the bank from recovering judgment against
her for the amount of an assessment levied upon the shareholders equally
and rataibly under the statute. (Keyser v. Hitz, 133 U. S., 138.)
(v) While it is undoubtedly the rule as regards stockholders that one put upon
the books as a stockholder without his consent can not be held for any liability in respect to such stock, yet where the person to whom the stock is
transferred is a director of the bank, and is concerned in the management
of its affairs, he must be presumed to have knowledge of the fact that the
stock stood in his name, and if he has not repudiated the transfer to himself, is liable as the holder of sucli stock. (Brown v. Finn, 34 Fed. Rep.,
1240
(w) In such case the mere return of the dividends paid upon the stock to the
person by wl.-om the transfer was made will not be a sufficient repudiation
thereof. (Ibid.)
(x) The State statute of limitations applies to a suit brought by the receiver of
a national bank against a shareholder to recover an assessment upon his
stock to pay the debts of the bank. (Butler v. Poole, 44 Fed. Rep.,1)86.)
3. WHEN LIABILITY DISQUALIFIES FROM VOTING:
The provision of section 5144, Revised Statutes, which disqualifies shareholders
" whose liability is past due and unpaid " from voting at meetings of shareholders, applies only to liability for unpaid subscriptions for stock. (United
States ex rel. v. Barry, 36 Fed. Rep., 246.)
4. RIGHT TO INSPECT BOOKS :
Code of Alabama, 1886, section 1677, which provides that stockholders of all
corporations have the right to have access to, and inspection and examination of, the book, records, and papers of the corporation at all reasonable
and proper times, applies to national banks located within the State; and
mandamus will lie against the officer having custody of the books to enforce
the right. (Winter v. Baldwin, 7 So., Rep., 734.)
VI. OFFICERS.
1. TENURE OF OFFICE :
(a) The officers of a national banking association can hold their positions only
by the tenure specified in section 5136, Revised Statutes, viz, the pleasure
ofthe board of directors. (Harrington v. First National Bank of Chittenango,
S. C. N. r., 1873, Thomp. N. B. Cas., 761; see also Taylor v. Button, 43 Barb.,
195.)
(b) Directors of national banking associations may remove the president, both
under the law of Congress and the articles of association, where the latter
so provide. The power exists, though the association has adopted no bylaws. (Taylor v. Mutton,supra.)
•;?. BONDS OF OFFICERS:
(a) It is not necessary that national banking associations shall signify their approval ofthe official bonds of their officers by memoranda entered upon the
journals or minutes of the directors. The acceptance is to be presumed from
the retention ofthe bond, and from the fact that the officer is permitted to
enter upon or continue in tne discharge of his duties. (Grover v. The Lebanon National Bank, 10 Bush.t 23.)
102
REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. BONDS OF OFFICERS—Continued.
(b) Where the sureties of an officer can reasonably be presumed to have been
deceived by the statement of the condition of the bank published just
prior to the execution of the bond, and to have been led to think that there
was no deficit, whereas there had been a misapplication of a large part of
the funds by the officer whose bondsmen they became, which fact would
have been ascertained had the directors exercised ordinary dilligence, the
sureties are discharged from their liability. (Grover v. The Lebanon National Bank, supra.)
3. DIRECTORS MUST ACT AS A BOARD :
The election of an individual as a director does not constitute him an agent of
the corporation with authority to act separately and independently of his
fellow members. It is the board duly convened and acting as a unit that
is made the representative of the association. The assent or determination
of the members of the board acting separately and individually is not the
assent of the corporation. The law proceeds upon the theory that the directors shall meet and counsel with each other, and that any determination
affecting the association shall be arrived at and expressed only after a consultation at a meeting of the board, attended by at least a majority of its
members. (National Bank v. Drake, 35 Kans., 564.)
4. BORROWING MONEY OF ASSOCIATION:
An officer may, in the ordinary course of business, borrow money of the association. (Blair v. First National Bank of Mansfield, U. S. C. C. (N. D. Ohio),
1877, 10 Chicago Legal News, 84.)
5. LIABILITY FOR VIOLATIONS OF LAW:
(a) All directors who participate in and assent to a loan in excess of one-tenth
of the capital of the bank, in violation of section 5*200, Revised Statutes,
will be liable to the bank for all damages sustained by it in consequence of
such loan. (Witters v. Sowles, 31 Fed. Rep., 1.)
(b) If a cashier, without authority from the directors so to do, makes a loan in
excess of one-tenth of the capital of the association, he will be liable, in
case of loss, for the amount of the excess. (Second National Bank of Oswego
v. Burtj XIVNew York Weekly Digest, 290. Reversed in court of appeals
on ground that transaction was discount of bill of exchange drawn against
actually existing values, 93 N. F., 233.)
(c) The directors of a national bank will not be held liable for loss occasioned
to the bank through the frauds of a co-director in which they had no part,
and which were perpetrated without their connivance or knowledge. It
is not sufficient to charge them with liability .that the frauds might have
been prevented by the exercise on their part of a proper degree of supervision over the affairs of the bank. (Movius v. Lee, U. S. C. C. (N. D. N. Y.),
30[Fed. Rep.,298.)
(d) Directors of a national bank are " officers" within the meaning of Revised
Statutes, United States, section 5209, which makes it a misdemeanor for
bank officers to make false entries in any book, report, or statement of the
bank, with intent to deceive any of its officers. ( United Stales v. Means et al.,
42 Fed. Rep.,599.)
(e) The personal liability of directors of a national bank for violation of
Revised Statutes, United States, section 5204, by declaring dividends in
excess of net profits, and of section 5200, for loaning to separate persons,
firms, or corporations amounts exceeding one-tenth of the capital stock,
can not be enforced in an action at law. (Welles v. Graves, 41 Fed. Rejy., 459.)
(/) Under Revised Statutes, United States, section 5239, providing that if the
directors of a national bank shall violate any of the provisions of the title
relating to the organization and management of banks, the franchises of
the bank shall be forfeited, such violation, however, to be determined by
a proper court of the United States in a suit therefor by the Comptroller,
and that in cases of such violation every director participating therein shall
be personally liable for all damages which the bank, its shareholders, or any
other person shall have sustained in consequence thereof, the Comptroller
can not authorize the receiver to bring suit, under section 5234, to enforce
such personal liability, until it has been adjudged by a proper courtthat such
acts have been done as authorize a forfeiture of the charter. (Ibid.)
(g) The right to maintain an action under Revised Statutes, United States, section 5239, to recover from a bank director the damages sustained by his bank
in consequence of excessive loans made by him while serving in the capacity of director, is not affected by the fact that the Comptroller has or has
not procured a forfeiture of the bank's charter. (Stephens v. Overstolz, 43
Fed. Rep., 771.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
103
5. LIABILITY FOR VIOLATIONS OF LAW—Continued.
(/<) For services performed by the district attorney in bringing a suit against
a uational bank, and obtaining a forfeiture of its charter, he is not entitled to more than $10, the fees prescribed by section 824, there being no
other law of the United States giving a compensation to a district attorney for such services. (Bashaw v. United States, 47 Fed. Rep., 40.)
(i) A stockholder of an insolvent national bank for which a receiver has been
appointed can not maintain an action at law against the directors for the
purpose of making them personally liable for the mismanagement of the
bank, but the action must be brought by the receiver. (Howe v. Barney,
45 Fed. Rep., 668.)
(j) Revised Statutes, United States, sections 5234 and 5239, prescribing the
method of enforcing the liability of the directors of national banks for violation of the banking law, are exclusive of other remedies, and a creditor of an
insolvent bank, for which a receiver has been appointed* can not sue its directors for the purpose of making them personally liable for the mismanagement of the bank. (National Exchange Bank v. Peters et ah, 44 Fed.
Rep., 13.)
6. DIRECTORS OF CONVERTED BANKS:
(a) When a State bank is converted into a national banking association all of
the directors at the time will continue to be the .directors of the association until others are appointed or elected, though some of them may not
have joined in the execution of the articles of association and organization certificate. (Lockivood v. The American National Rank, 9 R. /., 308.)
(b) And semble, that the directors of a bank at the time of its conversion into
a national banking association are not required to take the oath of directors. (Ibid.)
(c) But even were the oath required, a majority of all who were directors at
the time of the conversion, and not merely a majority of those who take
the oath, are necessary to constitute a quorum. (Ibid.)
7. RETIREMENT OF DIRECTORS :
(a) The law providing no particular mode by which a director is to resign
from the board, an oral resignation would be as good as any. (Movius v.
Lee, 30 Fed. Rep., 298.)
(b) The president being the head of the board, a resignation to him is a resignation to the board. (Ibid.)
(c) A director is not prohibited from resigning during the year. The apparent
purpose of the provision in regard to the term of office is to make it conform to the time of the new election, and not to absolutely require every
director to serve the full term. ^(Ibid.)
VII. INTEREST.
1. WHAT INTEREST ASSOCIATIONS MAY TAKE:
(a) The provision in section 30 of the act of 1864 "that where, by the law of
any State, a different rate is limited for banks of issue organized under
State laws, the rate so limited shall be allowed for associations organized
in any such State under the act," is enabling, and not restrictive; and,
therefore, a national banking association in any State may stipulate for
as high a rate of interest as by the laws of such State a natural person
may, although State banks of issue are restricted to a less rate. (Tiffany
v. National Bank of the State of Missouri, 18 Wall., 409.)
(6) But it is not to be inferred from Tiffany v. National Bank of Missouri that
whatever by the laws of the State is lawful for natural persons in acquiring title to negotiable paper by discount is lawful for national banks.
(National Bank v. Johnson, 104 U. S., 271.)
(c) The interest which a national banking association may charge is limited to
the rate allowed to the banks of the State generally ; and the fact that a
few of the State banks are specially authorized to take a higher rate is
not a warrant for a national banking association to do so. (Duncan v. First
National Bank of Mount Pleasant, U. S/D. C. ( W. D. Penn., 1878), 11 Bank
Mag., 787; Gruber v. First National Bankf 87 Penn. St., 468.)
(d) Where the State law does not limit the rate of interest which may be
charged on loans to corporations, a national banking association located
in that State can not charge more than 7 per cent interest on such loans.
(In re Wild, 11 Blatch., 243.)
104
REPORT OF THE COMPTROLLER OF THE CURRENCY.
1. WHAT INTEREST ASSOCIATIONS MAY TAKE—Continued.
(e) Where by the statutes of the State parties nre authorized to contract for
any rate of interest, national banking'associations in that State may likewise contract for any rate, and are not limited to 7 per cent. (Hinds v.
Marmelejo, 60 Cal., 229; National Bank v. Bruhn, 64 Texas, 571.)
2. ON CLAIMS AGAINST INSOLVENT AND LIQUIDATING ASSOCIATIONS :
(a) A depositor in a national banking association which has become insolvent
is entitled to interest on his deposit. (National Banlc of Commonwealth v.
Mechanics' National Bank, 94 U. S., 437.)
(b) He is entitled to interest from the date of the suspension_of payments ; and
no demand upon the association is necessary. (Chemical National Bank v.
Bailey, 12 Blatch., 480.)
(c) Claims, when proved to the satisfaction of the Comptroller, are upon the
same footing as if put in judgment, and therefore bear interest; and the
fact that, under certain circumstances, there might be thus a compounding
of interest will not defeat the right to interest. (National Bank of Commonwealth v. Mechanics' National Bank, supra.)
(d) But where a creditor has obtained judgment against an insolvent national
banking association for the full amount of his claim and interest, he is not
entitled to interest upon the face of the judgment, but only upon the amount
of the claim at the time of the failure. (White v. Knox, 111 U. S., 7-84.)
(e) The creditors of an insolvent national banking association in the hands of
a receiver are entitled to interest on their claims during the period of
administration. (Chemical National Bank v. Bailey, supra.)
(/) The assessments made by the Comptroller upon the shareholders of an insolvent association bear interest from the date of the order. (Casey v . Galli,
94 U. £.,673.)
(g) In the case of book accounts in favor of depositors, interest begins to run
against an association in liquidation from the date of the suspension of
business. (Richmond v. Irons, 121 U. S., 27.)
3. USURY:
(a) The usury laws of the States do not apply to national banking associations.
(Farmers and Mechanics' Bank v. Bearing, 91 U. S., 29; Central National
Bank v. Pratt, 115 if ass., 539; First National Bank v. Gorlinghouse, 22 Ohio
St., 492; Davis v. Randall,115 Mass., 547; Bintermister' Y. First National
Bank, 64 N. Y., 212.)
(b) And the remedies provided by the State for the taking of usury can not be
resorted to. (Farmers and Mechanics' Bank v. Bearing, supra; Wiley Y. Starbuck, 44 Ind., 298.)
(c) The taking of illegal interest by a national banking association does not
render the contract void. (Farmers and Mechanics' Bank v. Bearing, supra.)
(d) It does not invalidate an indorsement or a guaranty of the notes upon
which the usurious interest was paid. ( Oates v. First National Bank of
Montgomery, 100 U. £.,239; Lazear Y. National Union Bank of Baltimore, 52
Jftf.,78.)
(e) But usury destroys the interest-bearing power of the obligation; and there
will be no point of time from which it can bear interest. (Lucas v. Government National Bank, 78 Penn. St., 228.)
(/) The usury works a forfeiture of the entire interest accruing after maturity
and before judgment, as well as that which accrues before maturity.
(Shunkv. The First National Bank of Gailion, 22 Ohio St., 508.)
(g) The discounting of business paper by a national banking association at a
higher than the legal rate is usurious, though the law of the State fixes no
limit to the rate which natural persons may take for the discount or purchase of such paper. (Johnson x. National Bank of Gloversville, 74 N. Y.,
329; affirmed in National Bank v. Johnson, 104 U. S., 271.)
(h) By charging more than legal interest on overdrafts, a national banking
association loses the right to recover any interest at all. (Third National
Bank of Philadelphia v. Miller, 90 Penn. St., 241.)
(i) The liabilities of antecedent parties to a note or bill will not be affected by
the usurious character of the transaction between the payee and the association ; aud the association may recover the full amount of the note or bill
from the maker or acceptor. (Smith v. The Exchange Bank of Pittsburg, 26
Ohio St., 141.)
(j) Usurious interest which has been paid to a national banking association
can not be applied by way of payment or set-off in any action by the association to recover the amount of the loan. (Barnet v. Muncie National Bank,
98 U.S., 855.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
105
3. USURY—Continued.
(A;) Nor can the penalty for taking the usurious interest be recovered by way of
counter-claim in such action, bat a separate action must be brought there*
for. {Ibid.)
NOTE.—This case overrules portions of the decisions in Lucas v. Government National Bank, supra; OverholtY. National Bank, 82 Penn. St., 490; Cake v.
The First National Bank of Lebanon, 83 Penn. St., 303.
(Z) A director is not by reason of his position estopped from setting up the defense of usury in an action brought against him by the association. {Batik
of Cadiz v. Slemons, 34 Ohio St., 142.)
(m) Where a national banking association has discounted notes for another
bank at a usurious rate of interest, the fact that the other bank has charged
illegal interest on those notes to its customers will not affect its right to
set up the defense of usury in an action by the association. {Third National
Bank of Philadelphia v. Miller, supra.)
{n) The amount which may be recovered from the association as a penalty is
twice the amount of interest paid, and not simply twice the amount in excess of the legal rate. {Crocker v. First National Bank of Chetopa, U. S. C.
C. {Eighth Circuit), 3 Am. L. T. [N. S.], 350; Overholt v. National Bank of
Mount Pleasant, 82 Penn. St., 490 ; see also Barnet v. Muncie National Bank,
supra.)
VIII. INSOLVENT ASSOCIATIONS.
1. NOT SUBJECT TO BANKRUPT ACT:
National banking associations were not subject to the bankrupt act while that
act was in force. {In re Manufacturers* National Bank, 5 Biss., 499.)
2. WHAT CONSTITUTES INSOLVENCY :
The term " insolvency," as used in section 5242, Revised Statutes, forbidding
transfer of the assets of national banking associations after, or in contemplation of, such insolvency, has the same meaning as it had when applied
to traders in the bankrupt act; that is, it does not mean an absolute inability of a debtor to pay his debt at some future time, upon a settlement
and winding up of his affairs, but a present inability to pay in the ordinary
course of business. {Case v. Citizens' Bank of Louisiana, 2 Woods, 23; Market Bank v. Pacific National Bank, 30 Hun, 50.)
3. ASSETS A TRUST FUND:
Upon the appointment of a re3eiver all the assets of the association become in
his hands a trust fund which the statute of limitations does not touch or
affect. {Middle v. First National Baiik, U. S. C. C. {W. D. Penn.), 27 Fed.
Rep., 503.)
NOTE.—But this point was not necessary to tho decision of the case, for suits
against insolvent corporations are by a law of Pennsylvania expressly excluded from the operation of the statute.
4. UNITED STATES HAS NO PRIORITY:
(a) Section 3466, which gives the United States a priority for all claims it has
against insolvent debtors, does not apply to the case of an insolvent national banking association. {Cook County National Bankv. United States,
107, U. S., 445.)
(b) And as against the proceeds of the bonds deposited to secure circulation
the United- States can set off no claim, except for money advanced to redeem the notes. {Ibid.)
(o) And upon the failure of an association its 5 per cent redemption fund can
not be retained by the Treasurer to pay taxes due to the United States, but
the fund passes to the Comptroller as an asset of the association. {Jackson v. United States, 20 Ct. Ch., 298.)
5. CLAIMS FOR TORTS:
Claims arising out of the non-feasance or malfeasance of the association should
be paid ratably with the debts, technically so called. {Turner v. First National Bank of Keokuk et al., 26 Ioiva, 562.)
6. PREFERENCES:
{a) A preference, to be within the meaning of section 5242, Revised Statutes!
must be given to an existing creditor to secure a pre-existing debt. A transfer by an insolvent bank to secure a contemporaneous loan is not a violation
of the law. {Casey v. La Soci6U de Credit Mobilier, 2 Wood, 77.)
10G
REPORT OF THE COMPTROLLER OF THE CURRENCY.
6. PREFERENCES—Continued.
(b) Revised Statutes, United States, section 5*242, which prohibits all transfer*-*
by any national banking association made after the commission of an act o J
insolvency, or in contemplation thereof, with the view to a preference o
one creditor over another, is directed to a preference, not to the giving of
security when a debt is created; and if the transaction be free from fraud
in fact, and is intended merely to adequately protect a loan made at the
time, the creditor can retain property transferred to secure such a loan
until the debt is paid, though the debtor is insolvent, and the creditor has
reason at the time to believe that to be the fact. (Armstrong v. Chemical
National Bank, 41 Fed. Rep., 234.)
(c) A banker's lien for the amount of the balance of its general account does
not exist when the securities have been deposited with the bank for a
special purpose, or for the payment of a particular loan. (Ibid.)
(d) Revised Statutes, United States, section 5242, which invalidates all transfers
of the notes, bonds, or bills of exchanges of a national bank, after the commission of an act of insolvency, with the view to the preferences of one
creditor over another, does not prohibit a bank which has in good faith
accepted the draft of a national bank the day before the latter's insolvency,
and afterward paid the same, from applying the proceeds of collections
made by it, on paper in its hands belonging to the insolvent bank, to the
payment of the draft, since its lien on such collections runs from the date
of the acceptance. (In re Armstrong, 41 Fed. Rep., 381.)
(e) The insolvency need be in the contemplation of the bank only. It need not
be known to the person to whom the transfer is made. (Case v. Citizens1
Bank of Louisiana, supra.)
(f) After the directors of an insolvent association have voted to close its doors,
any transfer of assets whereby a creditor secures a preference must be presumed to be made with an intent to prefer. (National Security Bank v.
Price, 22 Fed. Rep., 697.)
(g) Where the officers of an association which is in danger of insolvency, fo\
the purpose and in the expectation of preventing a failure, make a pledge of
securities to a depositor to induce him not to withdraw his deposit, such a
pledge is not a preference within the meaning of section 5242, Revised
Statutes, and will not be set aside when the association afterward is declared insolvent. (Roberts v. Hill, 23 Fed. Rep., 311.)
(h) Where an insolvent association receives a deposit a short time before closing its doors, its officers knowing of the insolvency at the time, the receipt
of such deposit is a fraud upon the depositor, and no title passes to the
association, and therefore the depositor may reclaim the whole amount
of the deposit; and as he claims under his orignal title, and not under a
transfer from the association, such reclamation does not amount to a preference. (Cragie et al v. Hadley, 99 N. Y, 131.)
(i) A trust was not impressed upon funds deposited on day the bank closed its
doors in the absence of proof that the deposit had not gone into the general
fund of the bank and lost its identity before reaching the receiver. (In re
North River Bank, 14 N. Y, 261.)
(j) But a creditor will not have a lien upon the funds of the association because
checks given in settlement of balances were fraudulent, and were given at
a time when the bank was hopelessly insolvent and its officers were contemplating flight. (Citizens' National Bank v. Dowd, 35 Fed. Rep., 340.)
(k) Where the proceeds of an item indorsed u for collection and return " were
mingled with other moneys of the bank, if it was a breach of trust it was a
convertion, and plaintiff became a simple contract creditor, with no preference at law. (Philadelphia National Bank v. Dowd, 38 Fed. Rep., 172.)
(?) Where by agreement and custom a national bank received drafts from its
correspondent indorsed "for collection for the," and credited it to them as
cash, with the understanding that any unpaid draft should be charged
back, and where the collecting bank failed before collection, the proceeds
of the draft coming into the hands of a receiver, the correspondent bank
has the rights of a general creditor only. (First National Bankv. Armstrong, 39 Fed. Rep., 231.)
(m) Where a national bank collected all papers sent to it by complainant under an arrangement which constituted the bank the agent of complainant,
the latter can recover, on the ground of a trust, from a receiver of the
bank such portion only of the proceeds of its paper sent to the bank as it
shows has passed into the receiver's hands, either in its original or some
substituted form. (Commercial National Bank v. Armstrong, 39 Fed. Rep.,
s 684.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
107
0. PRE F EnKNCES—Continued.
(n) Wliero checks and drafts sent from one bank to another indorsed "for collection" and credited "subject to payment" according to the dealings
between the banks, and part of them were paid to the receiver of the latter
bank after its failure and the balances were credited to it by the payors,
the amount paid the receiver should be accounted for as a trust fund, but
the balance as a general debt. (First National Bank v. Armstrong, 42 Fed.
Eep., 193.)
(o) Negotiableu paper with restrictive indorsement credited by agent on date
of receipt subject to payment," although account is subject to be drawn
upon, title is not transferred, and upon the insolvency of the agent before
receiving notice of the collection of the item, the owner is entitled to the
proceeds in the hands of the collecting agent. (Fifth National Bank v.
Armstrong, 40 Fed. Rep., 46.)
(p) The drawers of a draft deposited with a bank for collection, and by it forwarded to a correspondent bank, are entitled to the amount as against
the receiver of the forwarding bank, which was insolvent, and known to
be so by its officers when it received the draft, and suspended payment before the proceeds were withdrawn from the collecting bank. (Importers
and Traders' National Bank v. Peters et al. (Court of Appeals. N. Y.), 25
N. E. Eep., 319.)
(q) When a bank which has received a draft for collection sends it to another
bank for that purpose, and on being advised that the latter bank has collected the draft credits the depositor and then becomes insolvent without
having received the money from the collecting bank, the depositor remains
the owner of the draft, and is entitled to its proceeds from the collecting
bank against the receiver and the creditors of the insolvent bank. (Armstrong v. National Bank of Boyertotvn (Court of Appeals, Ky.), 11 S. TV. Rep.,
411.)
7. BASIS FOR ESTIMATION OF DIVIDENDS:
In estimating the dividends to be paid out of the assets of an insolvent association, the value of the claims at the time when the insolvency is declared is
to be taken as the basis of distribution. (White v. Knox, 111 U. S., 784.)
8. SET-OFF:
(a) A person liable upon a note to an insolvent national bank may set off
against his indebtedness the amount of hisdeposits with the bank. (Platt
v. Bentley, Thomp. N. B. Cas., 758.)
(&) But a debtor can not set off the amount of a deposit assigned to him after
the act of insolvency committed. (Venango National Bank v. Taylor, 56
Penn. St.,U.)
(c) Funds received on the discounting of a note and deposited with the discounting bank, subject to the check of the depositor and which had been
drawn upon by him, but were intended by him to meet the note when due,
can not be pleaded as a set-off in an action on the note brought by the receiver of the discounting bank who received the note before maturity.
(Armstrong v. Scott, 36 Fed. Rep., 63.)
(d) The commercial paper of a national bank becomes overdue and dishonored
after the commission of an act of insolvency and appointment of a receiver, and is subject to all equities between the bank and the original
party to whom it was payable, (U. St D. C. (N. I). Ill), May, 1890.3
(e) A set-off under Illinois statute in favor of the maker of a note or bill is
available if the paper is assigned after due, whether arising out of the
same transaction or otherwise. (Ibid.)
9. CLAIM FOR BREACH OF CONTRACT OF LEASE :
Where a national bank has leased a banking house for a long term of years, and
subsequently becomes insolvent, but during the time it continued business
had not defaulted in paying the rent, the leseor has no claim against the
receiver by reason of the insolvency or dissolution of the corporation or
the forfeiture of its franchises, or by the refusal of the receiver to take
under the contract and pay the rent. (Fidelity Soft Deposit and Trust Co. v.
Armstrong, 35 Fed. Rep., 567.)
IX. RECEIVER.
1. OFFICER OF THE UNITED STATES:
A receiver, when appointed by the Comptroller, with the concurrence of the
Secretary, is an officer of the United States. (Stanton v. Wilkesonj 8 Ben.t
357.)
108
REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. WHOM HE REPRESENTS:
He represents the bank, its stockholders, and its creditors ; but he does r.ot ii
uny sense represent the Government. (Case v. Terrell, 11 Wall., 199.)
3. HOW FAR SUBJECT TO COMPTROLLER'S ORDERS:
(a) The clause of section 50, act of 1864, which prescribes that the receiver shal
he *' under the direction of the Comptroller/' means only that he shall b<
subject to the Comptroller's direction, not that he shall not act jvithou
orders. He may bring suit to collect assets without having been instructe<
to do so by the Comptroller. (Bank v. Kennedy, 17 Wall.)
(b) The receiver of a national bank is the instrument of the Comptroller, am
may he removed by him, (Kennedy v. Gibson, 8 Wall., 505.)
4. POWER OF COURTS TO APPOINT:
(a) Tim power of the Comptroller to appoint a receiver is not exclusive; it doe;
not oust the courts of equity of their authority in the matter; and there
fore a court of competent jurisdiction may place the bank in the hands of J
receiver in cases where, according to the rules of equity, it may pursue sucl
a course with regard to insolvent corporations generally. (Irons v. Manu
facturers' National Bank, 6 Biss., 301; Wright v. Merchants' National Bank
1 Flippin, 561.)
(b) Where a bank has gone into voluntary liquidation, and the Comptrolle
has no power to appoint a receiver, a proper court, in a case where sue!
action is necessary to protect the interests of a creditor, will appoint a re
ceiver for it. (Irons v. Manufacturers1 National Bank, supra.)
(c) Where a national hank is insolvent, and in process of voluntary liquida
tion, and its affairs are being greatly mismanaged by its managing agents
to the injury of its creditors and stockholders, and some of the cretlitor
and stockholders are being favored to the injury of others, a receiver ma;
be appointed in such a case, even where the bank only has been made i
defendant. (Elivood v. First National Bank, 21 Kans., 673.)
5. DEBTORS OF ASSOCIATION CAN NOT QUESTION LEGALITY OF APPOINTMENT:
The legality of the appointment of the receiver can not be questioned by th<
debtors of the bank when sued by him. The bank may move to have th<
appointment set aside, but the debtors can not. (Cadle v. Baker, 20 Wall.
650 ; see also Platt v. Beebe, 57 N. F., 339.)
6. RECEIVER'S DECISION NOT FINAL:
The decision of a receiver rejecting a claim is not final. The claimant still ha
the right to sue. (Bank of Bethel v. Pahquioque Bank, 14 Wall, 383.)
7. SALE B Y :
(a) The receiver can not sell the real or personal property of the bank withou
an order from a court of competent jurisdiction. (Ellis v. Little, 27 Kans.
707.)
(b) Nor can he sell upon the terms in conflict with the order. (Ibid.)
(c) And under an order permitting him to sell the property of the bank he cai
not exchange, trade, or barter it for other property. (Ibid.)
(d) A sale made by a receiver under order of a court is to all intents and pur
poses a judicial sale. (In re Third National Bank, 9 Biss., 535.)
8. CONTRACTS OF :
(a) As the power of a receiver of a national bank appointed by the Comptrolle
is limited, a person dealing with him in his official capacity is bound as i
matter of law to have knowledge of his authority to act, and if contract
and agreements are entered into with the receiver in excess of his authority
as conferred by law, the parties contract at their own peril and the estati
of the bank can not be charged for the default or inability of a receive
acting outside of his functions as receiver and beyond the duties which i
involves. (Ellis v. Little, 27, Kans., 707.)
(b) The receiver can not charge the estate of the bank by any executory con
tract, unless authorized so to do by the provisions of the national banking
law, and the order of a court of competent jurisdiction obtained upon th<
terms of said law. (Ibid.)
9. EXPENSES OF RECEIVERSHIP FOR ASSOCIATION WHICH HAS GONE INTO LIQUIDATION
Where after an association has gone into liquidation a receiver is appointee
at the instance of the creditors, the expenses of such receivership must b(
paid by the creditors. The shareholders can not be made individually
liable for such expenses. (Bichmond v. Irons.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
1013
X. TAXATION.
1. WHAT MAY BE TAXED :
(a) A State can not tax the capital stock of a national bank as such. The
tax must be assessed upon the shares of the different stockholders. (Collins
v. Chicago, 4 Biss., 472.)
(b) Under Revised Statutes, United States, section 5219, which declares that
nothing in the national banking act shall prevent all the shares of stock
of a national bank from being included in the assessment of the personal
property of the owners of such shares, an assessment of the entire stock of
a national bank in solido against the bank itself is invalid. {National Bank
of Virginia v. City of Richmond et al., 42 Fed. Rep., 877.)
(c) The assessment of the entire capital stock of a national bank in solido
against the bank itself is invalid. The bank may pay the tax assessed upon
the shares of its different stockholders, and it will have a lien thereon
when it pays such tax until the same is satisfied; but if for any cause the
tax levied upon the different stockholders is not paid by the bank, the
property of the individual stockholders will be liable therefor. {First
National Bank of Leoti v. Fisher (S. C., Kans.), April 11,1891.)
(d) The individual stockholders of a national bank are allowed the same deductions from the assessment against them upon their shares of stock as other
tax payers in the State, owning moneyed capital, are allowed. (Ibid.)
(e) The term " moneyed capital "~as used in Revised Statutes, United States
respecting State taxation of shares in national banks embraces capital employed in national banks, and capital employed by individuals when the object of their business is the making of profit by the use of their moneyed
capital as money. (Talbott v. Silver Bow County, Montana, 139 U. S., 438.)
(/) Laws, New York, chapter 596, section 3, which provides that the stockholders in banks and trust companies organized under the authority of the
State, or of the United States, shall be assessed for the value of their shares
of stock, but which'omits to provide for the taxation of the shares of stock
in other private corporations, does not contravene Revised Statutes, United
States, section 5219, which forbids the taxation of shares of national banks
at a greater rate than is assessed on other " moneyed capital" in the hands
of the individual citizens of the State. (Palmer v. McMahon, U. S. S. C.)
(g) The shares of a national bank are taxable to the owners, and the bank is
*
not liable primarily or as the agent of the shareholders, under the act of
Congress, or the various laws of the State or Territory, for the payment of
a tax levied upon such shares; but if such bank, through its proper officers,
voluntarily lists such shares as the property of the bank for taxation, and
the taxing officers of the State or Territory in pursuance of such erroneous
listing tax the same in the name of the bank, equity will not relieve the
bank from the payment of such tax by enjoining its collection in the absence of a proper application to all the statutory tribunals authorized to
hear such matter and determine and grant the proper relief. '(Albuquerque
National Bank v. Peoria et al. (S. C, N. Mex.), January 28, 1891.)
(h) The entire interests x>f the shareholders may be taxed without any deduction for that portion of the capital which is invested in United States securities. (Van Allen v. The Assessors, 3 Wall., 573.)
(i) New shares issued by a national banking association can not be taxed until
the increase of capital has been approved by the Comptroller of the Currency. (Charleston y. People's National Bank, 5 S. C, 103.)
(j) The manifest intention of the law is to permit the State in which a national
bank is located to tax, subject to the limitations prescribed, all the shares
of its capital stock without regard to their ownership; and, therefore, a
national bank may be taxed upon the shares which it holds in another
national bank. (Bank of Redemption v. Boston, 126 U. S., 60.)
(k) The undivided surplus of a national banking assciation, unless invested
in Federal securities, may be lawfully taxed by the State. (North Ward
National Bank of Newark v. City of Newark, 10 Vroom, 380; First National
Bank v. Peterborough, 56 N. H., 3*5.)
(I) But, of course, if the surplus is taken into consideration in estimating the
taxable value of the shares, it is not to be taxed separately. (North Ward
National Bank v. City of Newark, supra.)
NOTE.—But it has been held in Maryland that the stock of an association
represents its whole property, and where a tax is assessed upon the shares
a separate tax upon the real or personal estate amounts to double taxation; and, therefore, where the organic laws of the State prohibit double
taxation, such a tax upon the property of an association is void. (County
Commissioners v. Farmers and Mechanics' National Bank, 48 Md., 117 ; see
also National State Bank v. Young, 25 Iowa, 311, wherein it was held that
the States could tax only the shares eo nomine and the real estate.)
110
REPORT OF THE COMPTROLLER OF THE CURRENCY.
1. WHAT MAY BE TAXED—Continued.
(m) The surplus fund of a national banking association is not excluded in the
valuation of its shares for taxation. (Str afford National Bank v. Dover, 51
N. ff.,316.)
(n) Where shares of stock are assessed at their actual cash value, without anj
deduction for the real estate owned by the association, the real estate
should not be taxed eo nomine. (Commissioners of Mice County v. Citizens
National Bank of Faribault, 23 Minn., 280.)
(o) Real estate owned by a bank constitutes part of its assets, within the
meaning of Code of Mississippi providing that banks shall pay a privilege
tax, whose amount varies with their " capital stock or assets" in lieu ol
all other taxes. (Vicksburg Bank v. Worrell, 7 So. Rep., 219.)
(p) The States can not tax the circulating notes of national banking associa
tions. (Hornev. Greene, 52 Miss., 452 ; Contra Board of Commissioners v
Elston, 32 Ind., 27, see also Ruffinv. Board of Commissioners, 69 N. C, 498:
Lily v. The Commissioners, 69 N. C, 300.)
2. RATE:
(a) Where the State banks are taxed upon the capital, no tax can be imposed
upon the shares of national banking associations ; for as the capital of the
State banks may consist of the bonds of the United States, which are exempt from State taxation, a tax on capital is not equivalent to a tax on
shares. (Van Allen v. The Assessors, 3 Wall., 573; Bradley v. The People, A
Wall., 459.)
(b) But though the tax upon the State banks is not eo nomine a tax on shares,
yet if it is equivalent to such a tax, the shares in the national banking associations located in that State may be taxed. (Frazer v. Seibern, 16 Ohio St.^
614; FanSlykev. State, 23 Wis., 656; Boijnoll v. State, 25 Wis., 112.)
(c) Where by local legislation different rates are prescribed for different classeg
of moneyed capital, the rate imposed upon shares of national banks should
approximate as closely as may be to the rate imposed upon other moneyec
capital of the same or similar class, viz, shares of Sfcate banks. (City National Bank v. Paducah, U. S. C. C. (Sixth Circuit, 1877), 5 Cent. L. J., 347.)
(d) Congress meant no more than to require of the States, as a condition to the
exercise of the power to tax the shares in national banks, that they should,
as far as they had the capacity, tax in like manner the shares of banks of
issue of their own creation. (Lionberger v. Bouse, 9 Wall., 468.)
*
(c) Therefore, where a State has previously contracted with the banks which
it has chartered that they shall not be taxed above a certain rate, a tax
upon national-bank shares at a greater rate is not invalid if this rate ie
not greater than that assessed upon all the moneyed capital within the
State, except that of the State banks. (Ibid.)
(/) Any system of assessment of taxes which exacts from the owner of the
shares of a national banking association a larger sum in proportion to the
actual value of those shares than it does from other moneyed capital,
valued in like manner, taxes the shares at a greater rate, notwithstanding
that the percentage of tax on the valuation is the same as that applied to
other moneyed capital. (Peltony. Commercial National Bank, 101 U.S., 143.]
3. VALUATION:
(a) In estimating the value of the shares for the purpose of taxation reference may be had to all the property and values of the bank. (Saint Louii
National Banky. Papin, U. S. C. C. (Eighth Circuit), 3 Cent. L. J., 669.)
(b) If no excessive valuation is complained of, and a correct result is arrived
at, equity will not restrain the collection of a tax because the method oi
computation was erroneous. (Ibid.)
(c) The shares may be valued for taxation at an amount exceeding their face
value, if this amount is not at a greater rate than the valuation set upoi]
other moneyed capital in the State. (Hepburn v. School Directors, 23 Wall.
480.)
(d) Under the statute of New York, shares in national banking associations
should be taxed at their real or market value. (People v. The Commissionen
of Taxes and Assessments, 94 U. S., 415.)
(e) Where shares in national banking associations are purposely valued proportionately higher than the other moneyed capital in the State, the assessment is void. (Pelton v. National Bank, 101 U. S., 143.)
(f) And the collection of what is in excess of the rate imposed on the other
moneyed capital may be enjoined. (Ibid.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Ill
3. VALUATION—Continued.
(g) It is not required that the State should abandon systems of taxation of
their own banks, or of rnonoy in the hands of their other corporations,
which they may think the most wise and efficient modes of taxing their
own corporate organizations, in order to make that taxation conform to the
system of taxing the national banks upon the shares of their stock in the
hands of the shareholders; all that is necessary is that the system of State
taxation of its own citizens, of its own banks, and of its own corporations
shall not work a discrimination unfavorable to the holders of the shares of
the national banks. {Davenport Bank v. Davenport, 123 U. S.} 83.)
4. EXEMPTIONS:
(a) The intention of Congress was that the rate of taxation of the shares should
be the same as, or not greater than, the tax upon the moneyed capital of
the individual citizen which is subject and liable to taxation. (People v. The
Commissioners, 4 Wall, 244.)
(6) Therefore, it is not a ground of objection to the validity of a tax on shares
that, while deductions for United States bonds are made from the personal
estates of individuals and the capital of State corporations, no deductions
are made on account of the capital of national banking associations invested in such bonds. (Ibid.)
(c) The fact that by the statutes creating them, which statutes were passed
prior to the national banking law, State banks are entirely exempt from
taxation will not render a tax upon the shares of national banking associations void. (City of Richmond v. Scott, 48 Ind., 568.)
(d) And a State tax upon shares in national banking associations is not rendered invalid by an exemption of the shares of other corporations, the capital of which consists of property required to be listed for taxation as such.
(Mclver v. Robinson, 53 Ala., 456.)
(e) Merely a partial exemption of other moneyed capital will not invalidate a
tax upon shares in national banking associations. (Hepburn v. School Directors, 23 Wall., 480.)
(/) But though Congress did not contemplate that there should be an absolute
equality (which in the nature of things is impossible), yet it did intend
that there should be a substantial equality ; and therefore, if the exemptions in favor of other moneyed capital are so palpable as to show that
there is a serious discrimination against capital invested in the shares of
national banking associations, the tax will be declared unlawful. (Boyer
v. Boyer, 113 U. S., 690.)
(g) A State law which does not permit a deduction to be made from the assessed value of bank shares for all debts due by the holder thereof, while
authorizing such a deduction to be made from the assessed value of moneyed capital otherwise invested, is void. (People ex rel. Williams v. Weaver,
100 U. S., 539, reversing S. C, 67 JV. Y., 516, and overruling People v.Dolan,
36 N. Y., 59.)
(h) In the assessment and taxation of shares of national-bank stock, the owners
thereof, having no other credits or moneyed capital, are entitled to deduct
their bona fide debts from the value of such shares of stock. (Wasson v. Bank
(Ind.),8N. E. Rep.,97.)
(i) Revised Statutes, section 5219, providing that shares of national-bank stock
may be taxed as part of the personality of the owner, and that each State
may tax them in its own manner, except that the taxation shall not be at a
greater rate than is imposed on other "moneyed capital" owned by citizens of the State, and that the shares of non-residents shall only be taxed
in the city wherein the bank is located, do not authorize the taxation of the
stock of a bank in solido by the city in which it does business, but only the
shares of individual owners residing in the city are taxable, and they must
be taxed separately, in order that the owner may deduct from their value
the amount of his personal indebtedness, where the State laws or municipal
ordinances permit such deductions, and require equality of taxation.
(First National Bank of Richmond v. City of Richmond et al., 39 Fed. Rep., 309.)
(;') The main purpose of Congress in fixing limits to State taxation on investments in the shares of national banks, was to render it impossible for the
State in levying such a tax to create and foster an unequal and unfriendly
competition by favoring institutions or individuals carrying on similar business
and operations and investments of a like character ; and the language of the
law is to be read in the light of this policy. And, therefore, the exemption
of shares of stock in corporations, the business of which does not come into
competition with that of the national bank (e. g., railroad companies, mining
112
REPORT OF THE COMPTROLLER OF THE CURRENCY.
4. EXEMPTIONS—Continued.
companies, manufacturing companies, and insurance companies), does not
invalidate
a tax upon national-bank shares. Capital thus employed is not
u
moneyed capital " within the meaning of the act of Congress. (Mercantile Bank v. New York, 121 U. S., 138.)
(k) Bonds issued by a State, or under its authority by its public municipal
bodies, although they undoubtedly represent moneyed capital, yet as from
their nature they are not ordinarily the subject of taxation, are not within
the reason of the rule established by Congress for the taxation of nationalbank shares, and the fact that the State exempts them from taxation does
not deprive it of the right to tax shares of stock of national banks in the
State. (Ibid.)
(I) Although deposits in savings banks constitute moneyed capital in the
hands of individuals within the terms of any definition which can be given
of that phrase, yet they are not within the meaning of the act of Congress
in such a sense as to require that, if they are exempted from taxation,
shares of stock in national banks must thereby also be exempted from
taxation ; for it can not be supposed that savings banks come into any possible competition with national banks. (Ibid.)
(m) Under act Louisiana, 1888, section 27, relating to taxation of national-bank
shares, making no deduction for that part of the bank's property entering
into their value which consists of non-taxable State and national securities,
which deduction may, under the act, be made by individuals, a tax on
national-bank shares violates Revised Statutes of the United States, section 5219, prohibiting the assessment of such shares at a greater rate than
moneyed capital in the hands of individual citizens, audit is immaterial
that the same discrimination is made against other corporations. (Whitney
National Bank v. Parker, 41 Fed. Rep., 402.)
5. COLLECTION OF TAX FROM THE ASSOCIATION:
(a) A State tax upon shares is valid, though the tax is collected from the bank.
(National Bank v. Commonwealth, 9 Wall., 353.)
(b) And the State may require the banks to pay a tax rightfully laid upon the
shares. (Ibid.)
(c) And where the tax on shares is payable by the association, the collection
of the tax may be enforced by distraint of its property. (First National Bank
v. Douglas County, 3 DHL, 330.)
(d) But where the tax laws of the State make the bank the mere agent for paying the tax on shares, and direct it to retain so much of the dividends as
will answer that purpose, other agents being required to pay taxes for their
principals only when they have under their control the property, money,
or credit of such principals, the bank can not be made liable unless it has
the control of the property, etc., of its shareholders, or has dividends in its
possession, or has failed to retain them. (Hershire v. First National Bank,
35 Iowa, 272.)
(e) Act Louisiana, 1888, section 27, providing that shares in banks shall be
assessed to the shareholders, but requiring the bank to pay taxes so assessed,
and authorizing it to collect the same from the shareholders, imposes a tax,
not upon the bank, but upon its shares, as permitted by act of Congress,
providing 4hat a State may determine the manner of taxing the shares of
national banks located in the State. ( Whitney National Bank v. Parker, 41
Fed. Bep., 402.)
6. LICENSE TAX:
(a) National banking associations can not be subjected to a license or privilege
tax. (Mayor v. First National Bank of Maoon, 59 Ga., 648; City of Carthage
v. First National Bank of Carthage, 71 Mo., 508; National Bank of Chattanooga v. Mayor, 8 Heiskell, 814.)
(b) A State law prohibiting the establishment of banking companies in the
State without the authority of the legislature was not intended to apply to
banking corporations created by authority of Congress, since such corporations may be legally established in the State without the consent of the
legislature. (Stetson v. City of Bangor, 56 J/e., 274.)
7. POWERS OF TAXING OFFICERS:
(a) Municipal officers can not asses a tax upon the shares of national banking
associations until authorized to do so by some law of the State. (Stetson v.
City of Bangor, 56 Me., 274.)
(&) The officers of a national banking association can not be compelled to exhibit to the taxing officers of a State the books of the association showing
the deposits of its customers. (First National Bank of Youngstown v* Hughes,
U> S< C. C. (Ni D. Ohio, 1878), BrQWntfs N* B* Gas<t 176,)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
113
7. POWERS OF TAXING OFFICERS—Continued.
(c) Code Alabama, 1286, S. 1677, which provides that stockholders of all private
corporations have the right to have access to, and inspection and examination of the books, records, and papers of the corporation, at all reasonable
and proper times, applies to national banks located within the State, and
the rights of stockholders are not curtailed nor the statute in conflict with
Revised Statutes, United States, which provide that national banks shall
not be subject to visitorial powers other than those authorized by Congress
or vested in the courts of justice. (Winter v. Baldwin, Ala., 7 So., 734.)
(d) The only remedy for the making o*f a false return to the auditor by the
cashier of a bank, of the resources and liabilities of the bank for the purposes of taxation, is afforded by revised statutes of Ohio, section 2679, which
provides that the auditor may examine the books of the bank, and any officer or agent of it under oath, and make out the statement; and any officer
of the bank may be lined not exceeding $100 for failing to make the statement, or for willfully making a false one. (Miller v. First National Bank, 21
N.E.Rep., 860.)
(e) A national banking association is not exempt from examination by internalrevenue officers when it has in its possession any articles subject to an
internal-revenue tax. Such an examination is not the exercise of a yisitorial
power, and therefore is not prohibited by the provision of section 5241,
. Revised Statutes, that the national banks shall not be subject to any visitorial powers except those authorized by the national-bank act or vested
in the courts of justice. (United States v. Bhawn, U. S. D. C. (E. 1). Penn.),
Thomp. N. B. Cas., 358.)
(/) Where by the tax laws of a State a perpetual lien for taxes attaches to
property only by virtue of a levy thereon, and such levy is not made prior
to the insolvency of the bank, the taxing officers of the State will be restrained, at the instance of the receiver, from levying upon the property
of an insolvent national bank, and selling it, for the purpose of collecting
a tax. (Woodward v, Ellsworth, 4 Colo., 580.)
(g) A State may require the cashiers of national banking associations located
within its territory to transmit lists of the shareholders to the taxing officers of the various towns in which the shareholders reside. (Waite v. Dowley, 94 U. S., 527.)
8. ENFORCEMENT OF TAXES:
A tax duly assessed upon shares may be enforced in accordance with the general laws of the State on that subject. ( Weld v. City of Bangvr, 59 Me.,
416.)
9. LOCATION OF ASSOCIATION FOR TAXING PURPOSES :
An association which opens au office for the purpose of receiving deposits in
another place than that in which it was organized does not become " l o cated" in that place for purposes of taxation. (National State Bank of
Camden v. Pierce, U. S. C. C. (E. D. Perm.), 18 Alb. L. J., 16).
XI. JURISDICTION.
NOTE.—The jurisdiction of the Federal courts in national-bank cases was very
materially changed by the proviso to the fourth section of the act of July
12, 1882. The proviso is as follows:
il
Provided, however, That the jurisdiction for suits hereafter brought by or
against any association established under any law providing for national
banking associations, except suits between them and the United States, or
its officers and agents, shall be the same as, and not other than, the jurisdiction for suits by or against banks not organized under any law of the
United States which do or might do banking business where such national
banking associations may be doing business when such suits may be begun.
And all laws and parts of laws of the United States inconsistent with this
proviso be, and the same are hereby, repealed."
The jurisdiction of the United States circuit courts in suits by or against national banks is thus defined by section 4. act March 3, 1887:
" SEC. 4. That all national banking associations established under the laws of
the United States shall, for the purposes of all actions by or against them,
real, personal, or mixed, and all suits in equity, be deemed citizens of the
States in which they are respectively located; and in such cases the circuit and district courts shall not have jurisdiction other than such as they
would have in cases between individual citizens of the same State.
11167
8
114
REPORT OF THE COMPTROLLER OF THE CURRENCY.
JURISDICTION—Continued.
" The provisions of this section shall not be held to affect the jurisdiction of
the courts of the United States in cases commenced by the United States,
or by direction of any officer thereof, or cases for winding up the affairs of
any such bank.'7
1. JURISDICTION OP FEDERAL COURTS PRIOR TO THE ACT OF JULY 12,
1882:
(a) National banking associations may sue in the Federal courts. The word
" by " was omitted from section 57 of the act of 1864 by mistake. (Kennedy
v. Gibson, 8 Wall, 505.)
(6) A national banking association may sue and be sued in the circuit court for
the district in which the association is located, irrespective of the amount
in controversy and the citizenship of the parties. (County of Wilson v. National Bank, 103 U. 8., 770; Mitchell v. Walker, U. S. C. C. (W. D. Penn.,
1879), Browne'8 N. B. Cas., 180; Commercial Bank of Cleveland v. Simmons,
U. 8. C. C. (W. D. Ohio), 10 Alb. L. J., 155.)
(c) But where the amount in controversy does not exceed five hundred dollars,
the association can not sue in a Federal court outside of the district in which
it is established. (St..Louis National Bank v. Brinkman, U. S. C. C. (D.
Kans.),lFed. Rep., 45.)
(d) A national banking association located in one State may bring an action in
the circuit court of the United States sitting
within another State against
a citizen of that State. (Manufacturers7 National Bank v. Baack, 8 Blatch,,
147.)
(e) When a national bank is sued in a Federal court the suit must be brought
in the district in which the bank is located. And service upon an officer of
the bank in another district will not give the court of that district jurisdiction of the cause. (Maine v. Second National Bank of Chicago, 8 Biss., 26.)
(/) A United States district court has jurisdiction of a suit in equity by or
against a national banking association located within the district. (First
National Bank of Pittsburgh v. Pittsburgh and Castle Shannon Railroad Company, 1 Fed. Bep., 190.)
(g) A circuit court has no jurisdiction of a suit by a private person to compel
the Comptroller of the Currency and the Treasurer of the United States to
disclose what disposition has been made of the United States bonds deposited with the Treasurer by a national banking association, and for a decree
directing those officers as to t>mir duty regarding such bonds. (Van Antwerp v. Hulburd, 7 Blatch., 425; Van Antwerp v. Hulburd, 8 Blatch., 282.)
(h) Section 380, Revised Statutes, which provides that "all suits and proceedings arising out of the provisions of law governing national banking associations, in which the United States or any of its officers or agents shall
be parties, shall be conducted by the district attorneys of the several districts under the direction and supervision of the Solicitor of the Treasury,"
does not enlarge the jurisdiction of the circuit court, and can not be held
to confer jurisdiction in such suits or proceedings upon a court not having,
independently of this section, authority to entertain them. ( Van Antwerp
v. Hulburd, 7 Blatch., 426, supra.)
(i) National banking associations, being corporations organized under the laws
of the United States, are entitled as such to remove into the circuit court
of the United States suits brought against them in the State courts.
(Cruikshank v. Fourth National Bank, 21 Blatch., 322; see also Removal
Cases, 115 U. S., 1.)
(j) A United States district court has jurisdiction to authorize a receiver to
compromise a debt. (Matter of Plait, 1 Ben., 534.)
(k) An action at common law to recover a debt due to the bank may be instituted by a receiver in a United States district court, he being an officer of
the United States within the meaning of section 563, Revised Statutes.
(Platt v. Beach, 2 Ben., 303; Stantonv. IVilkcson, 8 Ben., 357.)
(Z) The power of a national banking association to take a mortgage upon real
estate is a question which the party raising it should be permitted to litigate in a Federal court; and he should not be sent into the State courts to
try this question on the distribution of surplus moneys in a foreclosure
suit, or in a suit brought by the party holding the alleged invalid mortgage. (In re Duryea, U. S. D. C. (S."l). N. Y.), 11 National Bankruptcy
Register, 495.)
2. JURISDICTION OF FEDERAL COURTS SUBSEQUENT TO ACT OF JULY 12,
1882:
(a) The tenth subdivision af section 629, Revised Statutes, which confers upon
the circuit court of the United States jurisdiction of all suits by or against
any national banking association established in the district for which the
REPORT OF THE COMPTROLLER OF THE CURRENCY.
115
2. JURISDICTION OF FEDERAL COURTS SUBSEQUENT TO ACT OF JULY 12, 1882—
Continued.
court is held, lias been repealed by the proviso to section 4 of the act of
July 12, 1882. (National Bank of Jefferson v. Fare el al., U. S. C. C. (E. D.
Tex.), 25 Fed. Eep., 200.)
(b) The object of this proviso was to deprive the United States courts of jurisdiction of suits by or against national banking associations in all cases
where banks organized under State laws could not likewise sue or be sued
in such courts. (National Bank of Jefferson v. Fare et al., supra.)
(c) But the proviso does not affect the right of the receiver of an insolvent association to sue in a Federal court. (Sendee v. Connecticut and P. E. E. Co.,
26 Fed. Eep., 677.)
(d) Nor would the act of July 12, 1882, take from the circuit court jurisdiction
of a suit brought against a director for negligent performance of his duties;
for as such suit rests upon the requirements of the United States laws, and
by-laws made pursuant thereto, it is a case arising under the laws of the
United States. ^ (Witters v. Foster, U. S. C. C. (D. Ft.), 28 Fed. Eep., 737.)
(e) In an action against a national bank in a circuit court of the United States,
if all the parties are citizens of the district in which the bank is situated,
and the action does not come under section 5209 or section 5239 of the Revised Statutes, the circuit court .has no jurisdiction. (Whittemore v.
Amoskeag National Bank, 134 TJ. £.,527.)
(/) The Federal courts have jurisdiction of an action between a national bank
located in one State and a citizen of another State. (First National Bank
v. Forest, 40 Fed. Eep., 705.)
(g) An action between a receiver of an insolvent national bank and a depositor
does not present a Federal question under Revised Statutes of the United
States, section 5242, avoiding preferences to creditors of such an insolvent
bank. (Tehan v. First National Bank et al., 39 Fed. Eep., 577.) On motion
to remand to State court.
(7i) A receiver of an insolvent national bank is an officer of the United States
within the meaning of section 563, Revised Statutes of the United States,
which gives the district courts jurisdiction of " all suits at common law
brought
by the United States, or any officer thereof authorized by law to
sue.'7 (U, S. D. C. (E. D. Mo.), Feb. 24, 1890.)
3. JURISDICTION OF STATE COURTS:
(a) State courts have jurisdiction of suits by and against national banking associations. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383; see also Ordway v. Central National Bank, 47 Md.y 217, and Clafflinv. Houseman, 93 U. S.,
130.)
(b) Where a national banking association is sued in a State court the suit must
he brought in the city or county in which the bank is located. (Cadle v.
Tracey, 11 Blatch., 101; Crocker v. Maine National Bank, 101 Mass., 240.)
NOTE.—But the New York court of appeals has held that the provision of the
national banking law as to the jurisdiction of State courts is permissive
only, and not mandatory, and that a State court, in a proper case, may entertain a proceeding against a national bank located in another State. .
(Cooke v. The State National Bank
of Boston, 52 JV". F., 96 ; Eobinson v. National Bank of New Berne, 81 j\ r . Y.,385; see also Adams v. Daunis, 29 La.
Ann., 315.) And in Talmage'v. Third National Bank, 27 Hun, 61, the supreme court of New York said: "The
words of restriction to the placewhere said 'association is situated7 apply to the county and municipal
courts and not to the State courts. In the State courts of general jurisdiction a national banking 77
association can be sued whenever an individual
can be for the same cause. In Cooke v. The State National Bank, Chief
Judge Church questioned the constitutional right of Congress to deprive
the State courts of jurisdiction in such cases.
(c) A State court can entertain an action brought to recover of a national
banking association the penalty for taking usury. (Ordway v. The Central
National Bank, 47 Md., 217; Hade v. McVay, 31 Ohio St., 231; Bletz v. .Columbia National Bank, 87 Penn. St., 87.)
(d) The State courts have jurisdiction of an action brought by a shareholder
on behalf of himself and other shareholders to recover of the directors of
an insolvent association damages for injuries insulting from their negligence and misconduct. (Britwkerhoff v. Bostwick, 88 N. Y., 52.)
(e) A State court has no power to make an order directing the receiver of a
national bank, who has been appointed by the Comptroller of the Currency,
to pay a judgment obtained against the bank before the receiver was appointed. (Ocean National Bank v. Carll, 7 Hun, 237.)
116
REPORT OF THE COMPTROLLER OF THE CURRENCY.
3. JURISDICTION OF STATE COURTS—Continued.
(/) Stato courts Lave no jurisdiction of the case of an embezzlement of the
funds of the association by one of its officers. (Commonwealth v. Felton,
101 Mass., 204; Commonwealth ex rel. Torrey v. Ketner, 92 Penn. St., 372.)
(g) The defense of usury may be set up in action brought in a State court.
(National Bank of Winterset v. F<yre, 52 Iowa, 114.)
4. UNITED STATES CAN NOT BE SUBJECTED TO JURISDICTION OF COURT:
Neither the Comptroller nor the receiver by putting in an appearance to a suit
can subject the United States to the jurisdiction of a court. (Case v. Terrell, 11 Wall,, 199.)
5. CITIZENSHIP:
A national banking association is for jurisdictional purposes a citizen of the
State in which it is located. (Davis v. Cook, 9 Nev., 134.)
XII. SUITS.
1. BY AND AGAINST ASSOCIATIONS:
(a) Suit may be brought against a national banking association though it is
in the hands of a receiver. (Bank of Bethel v. Pahquioque Bank, 14 Wall.,
383; Security National Bank v. National Bank of the Commonwealth, 2 Hun,
2«7 ; Green v. The Wallkill National Bank, 7 Hun, 63.)
(I)} Where the tax on shares is collected from the association it may bring a
suit to enjoin the collection of an illegal tax. (Cummings v. National Bank,
101 U. £.,153; Peltonv. Commercial National Bank, 101 U. £.,143; Boyer v.
Boyer, 113 U.S., 143.)
(c) A State law authorizing national banking associations which have been
converted from State banks to use the name of the original corporation for
the purpose of prosecuting and defending suits is not in conflict with the
national bankiug law, and therefore proceedings based upon a judgment
obtained before the conversion may be instituted by such association in
its former corporate name. (Thomas v. Farmers' Bank of Maryland, 46 Md.,
43.)
(d) A national banking association is a foreign corporation within the meaning of a State statute requiring corporations created by the laws of any
other State or country to give security for costs before prosecuting a suit in
the courts of the State. (National Park Bank v. Gunst, 1 Abb. N. 6\, 292.)
(e) As a national banking association can acquire no title to negotiable paper
purchased by it, it can maintain no action thereon in a State where the
person suing must be owner of the paper. (First National Bank of Bochester
v. Pierson, 24 Minn., 140.)
(/) But in a State where the holder may sue without respect to the ownership
an association may bring suit upon paper so acquired. (National Pemberton Bank v. Porter, 125 Mass., 333 ; Atlas National Bank v. Savery, 127 Mass.,
75.)
(g) Suits brought by a receiver can not be settled or compounded upon an
order of the Comptroller; this can be done only with the authority of the
court. (Case v. Small, 2 Woods, 78.)
(h) An action for money against a national bank whose corporate existence is
admitted is not a suit arising under the laws of the United States. ( Ulster
County Savings Institution v. Fourth National Bank, 8 N. Y., 162.)
2. B Y SHAREHOLDERS :
(a) A shareholder of a national banking association can not maintain an action
against the directors to recover damages sustained for neglect and mismanagement of the affairs of the association whereby it became insolvent and
its stock was rendered worthless. Such an action can be brought only by
the corporation itself. (Conway v. Halsey, 15 Vroom, 462.)
(b) But where the receiver refuses to bring an action against negligent directors to recover the amount which the shareholders have been compelled
to contribute to pay the debts of the association, an action against such
directors may be brought by a shareholder on behalf of himself and the
other shareholders. (Nelso7i v. Burrows, 9 Abb. N. C, 280.)
(c) And when the receiver is a director, and one of the parties charged with
misconduct and against whom a remedy is sought, the action may be
brought by a shareholder on behalf of himself and the other shareholders.
(Jfrinvkerhoffv. Bo8twick} 88 N. Y., 52.)
EEPOET OF THE COMPTROLLER OF THE CURRENCY.
117
3. BY RECEIVERS :
(a) A receiver may sue either in his own name or the name of the bank.
{National Bank v. Kennedy, 17 Wall., VJ.)
(b) Suits and proceedings under the act in which the United States or their
officers or agents are parties, whether commenced before or after the appointment of a receiver, are to be conducted by the district attorney under
the direction of the Solicitor of the Treasury. (Bank of Bethel v. Pahquioque
Bank, 14 Wall, 383.)
(c) But section 3$0, Revised Statutes, is directory merely, and the employment
of private counsel by the receiver can not be made a ground of defense to a
suit brought by him. {Ibid.)
(d) Receivers may sue in the courts of the United States by virtue of the act
without reference to the locality of their personal citizenship.
(e) The provisions of the codes that every action must be brought in the name
of the real party in interest, except in the case of the trustee of an express
trust, or of a person authorized by statute to sue, does not apply to the
receiver of a national banking association suing in a Federal court held in
a State which has adopted the code procedure; for the right of the receiver
to sue is derived from the national banking law. (Stanton v. Wilkeson, 8
Ben., 357.)
(/) Under section 1001 of the Revised Statutes, no bond for the prosecution of
the suit, or to answer in damages or costs, is required on writs of error or
appeals issuing from or brought to the Supreme Court of the United States
by direction of the Comptroller of the Currency in suits by or against insolvent national banking associations, or the receivers thereof. (Pacific
National Bankv. Mixter, 114 U. 8., 463.)
4. BY CREDITORS OF'INSOLVENT ASSOCIATION:
(a) The creditors of an insolvent association must seek their remedy through
the Comptroller, in the mode prescribed by the statute j they can not proceed directly in their own names against the stockholders or debtors of the
bank. (Kennedy v. Gibson, 8 Wall., 498.)
(b) The writ of mandamus can not issue in a case where its effect is to direct
or control the head of an executive department in the discharge of an executive duty, involving the exercise of judgment or discretion. (United
States ex rel. Boynton v. Blaine, 139 U. S., 306.)
5. FOR USURY :
(a) The penalty for all illegal interest paid to a national banking association
within two years prior to the commencement of proceedings may be recovered in a single action, whether the amount was in one payment or in
several. (Hintermister v. First National Bank, 64 N. Y., 212.)
(b ) Where a bankrupt has paid usurious interest, his assignee may bring an action against the association to recover the penalty. ( Wright v. First National Bank of Greensburg, U. S. C. C. (Dist. Ind., 1878); Crocker v. First
National Bank of Chetopa, U. S. C. C. (Eighth Circuit, 1876); 3 Am. L. T.N. S.,
350.)
(c) The party who paid the usurious interest is the only party to the note who
is entitled to sue for the penalty. (Lazear v. National Union Bank of Maryland, &2Md.,78.)
(d) Under Revised Statutes, United States, 5198, providing that a suit against
a national bank for taking usurious interest must be commenced within
two years from "the time the usurious transaction occurred," the limitation begins to run from the time when such interest is paid. (National Bank
v. Carpenter, N. J., 19 A., 181.)
6. TO ENFORCE LIABILITY OF SHAREHOLDERS:
(a) When the full personal liability of shareholders is to be enforced the action must be at law. (Kennedy v. Gibson, 8 Wall., 505; Casey v. Galli, 94
U. £.,673.)
(b) And it may be at law, though the assessment is not for the full value of the
shares; for, since the sum each shareholder must contribute is a certain
exact sum, there is no necessity for invoking the aid of a court of equity.
(Bailey v. Sawyer, 4 DHL, 463.)
(c) But the suit may be in equity. (Kennedy v. Gib8ont supra.)
7. EXECUTION:
A judgment against a national bank in the hands of a receiver only establishes
the validity of the claim ; the plaintiff can have no execution on such judgment, but must wait r>ro rata distribution. (Bank of Bethel v. Pahquioque
Bank, 14 Wall., 383.)
118
REPORT OF THE COMPTROLLER OF THE CURRENCY.
g. ATTACHMENTS:
(a) When a. creditor attaches the property of an insolvent bank he can not
hold such property against the chiiin of a receiver appointed after the attachment suit was commenced. Such creditor must share pro rata with all
others. (First National Jlank of Selma v. Colbij, 21 Wall., 609 ; Harvey v.
Alien, 16 Blatch., 29.)
(b) No State court can issue an attachment against the funds of a national
hank. Although the provision forbidding attachments was evidently made
to secure equality among the general creditors in the division of the proceeds of the property of an insolvent bank, its operation is by no means
confined to cases of actual or contemplated insolvency ; but the remedy is
taken away altogether and can not be used under any circumstances. The
effect of the provision in section 524*2, Revised Statutes, is to write into all
State attachment laws an exception in favor of national banks, and all
such laws must be read as if they contained an exception in favor of national banks. (Pacific National Bank v. Mixter, 124 U. S., 721.)
NOTE.—This case overrules the decision of the New York court of appeals in
Robinson v. National Bank of New Berne (81 N. Y., 385), where it was held
that the national banking law does not prohibit attachments against the
property of national banks, except in eases where an act of insolvency has
been committed, or is contemplated. See also National Shoe and Leather
Bank v. Mechanics' National Bank, 89N. Y., 467; Eaynor v. Pacific National
Bank, 93 N. Y., 371; Southwick v. First National Bank of Memphis, 7 Hun,
96.
(c) Nor can an attachment be issued by a circuit court of the United States ;
for as by the law of Congress all power of issuing ^attachments against
national banks before judgment has been eliminated" from State statutes,
there can be no laws of the State providing for such a remedy on which
the circuit court can act. (Ibid.)
D. ABATEMENT :
An action brought by the creditor of a national bank is abated by a decree of a
district or circuit court dissolving the corporation and forfeiting its franchises. (First National Bank of Selma v. Colby, 21 Wall., 609.)
10.
ESTOPPEL:
(a) A shareholder against whom suit is brought to recover the assessment
made upon him by the Comptroller will not be permitted to deny the existence of the association, or that it was legally incorporated. (Casey v.
Galli, 94 U. A, 673.)
(b) Where one sued by a national bank is accustomed to deal with it as such,
and does so deal with it in respect to the matter in suit, he is estopped from
denying its incorporation. (National Bank of Fairhavenv. The Phcenix Warehousing Company, 6 Hun, 71.)
11. SUITS AGAINST LIQUIDATING ASSOCIATIONS:
A national bank which has gone into voluntary liquidation will continue to
exist as a body corporate for the purpose of suing and being sued until its
affairs are completely settled. (National Bank v. Insurance Company, 104
U. S., 54; Ordway v. Ctntral Naional Bank, 47 Md.s 217.)
12. TRANSITORY AND LOCAL SUITS :
The provision of the banking law, section 5198, Revised Statutes, which requires that actions brought against national banking associations in State
courts shall be brought in the county or city in which the association is
located, applies only to transitory actions ; it was not intended to apply to
actions local in their character. (Casey v. Adams, 102 U. S., 66.)
13. SURVIVAL OF SUITS:
Whether a suit against a director for negligent porformance of his duties, as
required by the statutes of the United States and the by-laws of the association, will survive against the executor or administrator denends upon
State laws. ( Witters v. Foster, U. S. C. C. {Dint Vt.), 25 Fed. -Rep.,737.)
XIII. EVIDENCE.
1. CERTIFICATE OF COMPTROLLER :
(a) The certificate of the Comptroller of the Currency that an association has
complied with all the provisions required to be complied with before commencing the business of banking is admissible in evidence upon a plea tii
REPORT OF THE COMPTROLLER OF THE CURRENCY.
119
1. CERTIFICATE OF COMPTROLLER—Continued.
nul tic I corporation; and such certificate, together with proof that the association lias been acting as a national banking association for a long time,
is amply sufficient evidence to establish, at least prima facie, the existence
of the corporation. {Mix v. The National Bank of Blooming ton, 91 III., 20 ;
see also Merchants' National Bank of Bang or v. Glendon, 120 Mass., 97.)
(h) The certificate of the Comptroller that the association has complied with
all the provisions of law touching the organization of associations removes
any objection which might otherwise have been made to the evidence upon
which he acted. (Casey v. Galli, 94 U. S., 673 ; Thatcher v. West Biver National Bank, 10 Mich., 196.)
(c) And in a suit against the association or its shareholders such certificate of
the Comptroller is conclusive as to the completeness of the organization.
{Casey v. Galli, supra.)
(d) A letter from the Comptroller directing the receiver to institute suit, if not
objected to at the time, is sufficient evidence that the Comptroller has decided that the enforcement of the individual liability of the shareholders
is necessary. (Bowden v. Johnson, 107 U. S., 251.)
2. EVIDENCE OF INSOLVENCY :
(a) It is not necessary that the facts upon which the Comptroller bases his
action in appointing a receiver should be established by what is competent
legal evidence ; but he is left to be satisfied as best he can be, under the
peculiar circumstances of each case, of the facts and the necessity for the
exercise of his authority. (Platt v. Beebe, 57 N. Y., 330.)
(b) A return oinulla hona upon an execution issued against the property of a
national bank is proof of its insolvency. (Wheelock v. Kost, 77 III., 296.)
3. NECESSITY FOR ASSESSMENT BY COMPTROLLER :
It is not essential, in an action to enforce the individual liability of the shareholders of an insolvent national banking association, to ayer and prove
that the assessment was necessary ; for the decision of the Comptroller on
this point is conclusive. (Strong v. Southworth, 8 Ben,, 331; Kennedy v.
Gibson, 8 Wall., 505; Casey v. Galli, 94 U. 8., 673i)
XIV. CRIMES.
1. UNDER UNITED STATES LAWS:
(a) The willful misapplication of the moneys aud funds of a national banking
association, made an offense by section 5209, Revised Statutes, must be for
the use or benefit of the party charged or of some person or company other
than the association. (United States v. Britton, 107 U. S., 655.)
(b) The exercise of official discretion in good faith, without fraud, for the advantage or the supposed advantage of the association, is not punishable ;
but if official action be taken in bad faith, for personal advantage and
with fraudulent intent, it is punishable. (United States v. Fish, 24 Fed.
Bep., 585.)
(c) It is not necessary that the officer should personally misapply the funds
of the association. He will be guilty as a principal offender though he
merely procures or causes the misapplication. (Ibid.)
(d) A loan in bad faith, with intent to defraud the association, is a willful misapplication within the meaning of the statute. (Ibid.)
(e) It is no defense to a charge of embezzlement, abstraction, or misapplication
of the funds of a national banking association that the funds were used
with the knowledge and consent of the president and some of the directors.
The intent to defraud is to be conclusively presumed from the commission
of the offense. ( United States v. Taintor, 11 Blatch., 374.)
(/) Where the president, charged as a trustee with the administration of the
funds of the bank in his hands, converts them to his own use without authority for so doing, he embezzles and abstracts them within the meaning
of section 5209, Revised Statutes. (Tn the matter of Van Campen,2Ben , 419.)
(g) If, with intent to defraud the association, an officer allows a firm in which
he is a member to overdraw its account, he will be guilty of misapplying
the funds of the association. (Ibid).
(h) As the national banking law makes the embezzlement, abstraction, or
willful misapplication of the funds of a national banking association
merely a misdemeanor, a person who procures such an offense to be committed can not be punished under a State statute which provides that a
person who procures a felony to be committed may be indicted and comvicted of a substantive felony. (Commonwealth v. Fellon, 101 Mass., 204.)
120
REPORT OF THE COMPTROLLER OF THE CURRENCY.
1, UNDKK Ui\n I:I>,STATKS LAWS—Continued.
(i) An indictment charging defendants wifli aiding and abetting a director in
a willful misapplication of the money of an association must state facts
to show that there \\I\H been such misapplication committed by the director.
(United States v. Warner, U. S. C. C. (S. B. N. F.), Feb. 13, 188(3, 26, Fed.
Rep., 616.)
(j) Allowing the withdrawal of the deposit of one indebted to the association
can not be charged as a misapplication of tlie money of the association.
( United States v. Brit ton, 108 U. S., 193.)
(1c) It is not a willful misapplication of the moneys of the association within
the meaning of section 5209, Revised Statutes, for a president who is insolvent to procure the discounting by the association of his note not well
secured. (Ibid).
(I) To constitute the offense of a willful misapplication of the moneys, funds,
or credits of the association within section 5209, Revised Statutes, it is
not necessary that the person charged with the offense should have been
previously in the actual possession of such moneys, funds, and credits
under or by virtue of any trust, duty, or employment committed to him .
Nor is it necessary to the commission of this offense that the officer making
the willful misapplication should derive any personal benefit therefrom.
When the funds or assets of the bank are unlawfully taken from its possession, and afterward willfully misapplied by converting them to the use
of any person other than the bank, with intent to injure and defraud, the
offense as described in the statute is committed. ( United States v. Harper,
33 Fed. Rep., 471.)
(m) This criminal act may be done directly and personally, or it may be done
indirectly through the agency of another. If the officer charged with it has
such control, direction, and power of management by virtue of his relation
to the bank as to direct an application of its funds in such manner and
under such circumstances as to constitute the offense of willful misapplication, and actually makes such direction or causes such misapplication to
be made, he is equally as guilty as if it was done by his own hands.
(Ibid.)
(ti) Any entry on the books of the bank which is intentionally made to represent what is not true or what does not exist, with intent either to deceive
its officers or defraud the association, is a false entry within the meaning
of the statute. ( Unitei States v. Harper, supra.)
(o) It may be made personally or by direction.
(p) The erasure of figures already written in the books of a national bank and
the substitution of other figures which falsify the state of the account constitute a "false entry" within the meaning of section 5209, Revised Statutes, by which it is declared to be a misdemeanor to make " any false entry
in any book, report, or statement of the association with intent to injure
or defraud," etc. ( United States v. Crecelius, 34 Fed. Bep., 30.)
(q) Where false entries are made by a clerk at the direction of the president,
the latter is a principal. (In the matter of Van Campen, supra; United States
v. Fish, supra.)
(r) Prior to the act of February 26, 1881, a notary public holding his commission under a State had no authority to administer the oath required by section 5211, Revised Statutes; and therefore a cashier who made oath before
such notary to a false statement of the condition of his a sociation was not
guilty of perjury. ( United States v. Curtis, 107 U. S.t 671.)
(s) To constitute the offense of willful abstraction by an officer, denned by the
statute, it is necessary that the money or funds of the association should
be withdrawn by the officer or by his direction; that such taking or withdrawing should be without the knowledge or consent of the bank, or of its
board of directors; that the money or funds so taken or withdrawn should
be converted to the officer's own use, or for the benefit and advantage of
some person other than the association, and that this should be done with
intent to injure and defraud the association. (United States v. Harper,
supra.)
(t) A report of condition of a national bank, whether called for by the Comptroller of the Currency or not, which is a report in the usual form made by
an officer of the bank in his official capacity, if it contains a false entry
made with intent to deceive, is within Revised Statutes of the United States,
section 5209, which discloses such false entries to be a misdemeanor. ( United
States v. Hughitt, 45 Fed. Bep., 47.)
REPORT OF THE COMPTROLLER OF TltE CURRENCY.
121
2. UNDER STATE LAWS:
(a) An officer of a national banking association can not be punished under State
laws for embezzling the funds of the association. (Commonwealth ex rel.
Torrey v. Ketner, 92 Penn. Si , 372 ; Commonwealth v. Fellon, 10L Mass., 204.)
(h) But where the offense committed by an officer is properly a larceny of the
funds, and not an embezzlement, he may be indicted under a State law.
(Commonwealth v. Barry, 116 Mass., 1.)
(c) And an officer may be punished under State laws for making false entries
in the books of the association with intent to defraud it. (Luberg v..Commonwealth,y4 Penn. St., 85.)
(d) The officers of a national banking association may be prosecuted under
State statutes for fraudulent conversion of the property of individuals deposited with, and in the custody of, the association. (Commonwealth v.
Tenrtey, 97 i/ass.,50; State v. Fuller, 34 Conn., 280.)
3. TERM "UNITED STATES CURRENCY'7 IN PENAL STATUTES:
The circulating notes of national banking associations are included in the
phrase "United States currency" when used in a penal statute. {State v.
Casting, 23 La. Ann., 1609.)
122
REPORT OF THE COMPTROLLER OF THE CURRENCY.
I'MBEU OF BANKS ORGANIZED, IN L J Q I I D A I IO.\T, AND IN OPERATION, WITH THEIR
CAPITAL, BONDS ON DEPOSIT, AND CIRCULATION ISSUED, IIKHKEMED, AND OUTSTANDING ON OCTOBER :>1, 1.H1U.
Circulation.
Banks.
States and Territories.
Capital U. S. bonds
In
In opOrgan- liqui- era- stock paid. on deposit.
ized.
dation. tion.
Maine
New Hampshire
Vermont.
Massachusetts..
Rhode Island ...
Connecticut
Eastern States..
New York
New Jersey
Pennsylvania...
Delaware
Maryland
Dist. Columbia .
91
57
66
278
64
98
12
6
16
16
5
14
654
69
Middle States...
1,087
203
Virginia
West Virginia..
North Carolina South Carolina .
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
51
32
29
18
39
21
36
15
25
222
13
105
73
15
8
6
4
7
3
7
2
4
15
3
24
19
36
24
23
14
32
18
29
13
21
207
10
81
54
449 • 124
109
14
425
57
18
68
3
18
5
I
Issued.
Redeemed.
Outstanding-.*
$10. 972, 500
6, 305, 000
7, 210, 000
98, 265, 275
20, 277, 050
23, 274, 370
$3, 823, 900
2,912.000
2, 947, 500
20,168, 450
4, 396, 250
5, 948, 000
$38,276,800
25,155, 045
33, 408, 480
314,404, 055
66, 446, 825
88,131, 330
$33, 636. 830
22, 014^ 092
30, 671, 508
289, 274. 314
60, 969, 939
80, 965,815
$4, 639,970
3,140, 953
2, 736, 972
25,129, 741
5, 476, 886
7,165, 515
585 1166,304,195
40,196,100
565, 822, 535
517, 532, 498
48, 290, 037
85, 636, 060
14, 418, 350
72, 720, 390
2,133, 985
16, 766,145
2.^827,000
21, 982,450
4, 249, 500
17, 000, 050
740, 000
2, 511,000
900,000
291,749, 455
53,681,220
200, 518, 475
7, 474,195
39, 073, 610
5,736, 210
266,534,654
48, 769, 203
180, 471, 235
6, 594, 480
35, 595, 871
4, 949,256
25,214, 801
4,912, 017
20, 047, 240
879, 715
3, 477, 739
786, 954
884 194,501,930
50
262
59
84
325
95
368
18
65
13
47, 383, 000
598, 233,165
542, 914, 699
55, 318,466
4,556, 300
2, 511, 000
2, 726, 250
1, 623, 000
4, 381,380
1, 385, 000
4, 369, 000
1,165, 000
4, 435, 000
25, 762, 600
1,600,000
15, 317, 730
10,480, 000
1, 393, 750
728, 750
747, 750
468, 750
1,061,750
405, 000
1, 242, 000
353, 750
1, 052, 500
4,997, 300
310,000
3, 513, 000
1,514, 000
12, 879,110
7,865,010
6, 946, 740
5, 750, 735
8, 867, 480
743,620
6,018,180
753, 900
11,142, 870
10, 562, 350
1, 582,980
36, 000,825
12, 000, 520
11,430,733
7, 001,917
6,134, 869
5, 258, 648
7, 725, 674
406, 237
4, 788, 593
460, 633
9, 659,119
5, 974, 299
1, 265, 599
31,811, 845
10, 547, 561
1, 448, 377
863,093
811, 871
492, 087
1,141, 806
337, 383
1, 229, 587
293, 267
1, 483, 751
4, 588, 051
317, 381
4,188, 980
1, 452, 959
Southern States >
679
117
562
80, 312,260
17,788, 300
121,114,320
102, 465, 727
18, 648, 593
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
North Dakota ..
South Dakota...
Kansas
.Nebraska
117
326
162
275
165
109
207
89
40
51
209
161
34
89
62
72
59
35
56
25
7
7
60
21
83
237
100
203
106
74
151
64
33
44
149
140
25,125,000
44, 595, 700
12, 477, 000
37. 396, 000
15, 369, 600
7, 043, 000
13, 470, 000
14, 592, 000
2, 290. 000
2, 850, 300
13, 878, 990
13,703,700
2, 507, 800
9,417, 350
4, 073, 550
6,251,000
3, 043, 000
1, 869, 250
3, 333, 750
1, 764, 800
569, 000
749, 750
3,122, 250
2,956,250
18, 830, 855
104, 370, 380
53, 713, 425
54,311,485
29, 962, 000
14, 026, 360
24, 205, 880
13,195, 060
1,477, 700
1, 783,110
10, 319, 020
8, 544, 960
16, 257, 243
93, 499, 718
48, 776, 443
48,147, 794
26, 625,792
12,101, 645
20, 845, 997
11, 351, 615
948, 587
1, 096, 602
7,117, 851
5, 777, 239
2,573, 612
10, 870, 662
4, 936, 982
6,163, 691
3, 336. 208
1,924,715
3, 359, 883
1, 843, 445
529,113
686, 508
3,201,169
2, 767, 721
Western States.
1,384 202,791, 290
292,546, 526
42,193,709
1, 911
527
Nevada
Oregon
Colorado
Idaho
Montana
Wyoming
Washington
California
Utah
New M e x i c o . . .
Arizona
Oklahoma
Indian Ter
3
42
60
9
37
•12
69
44
16
13
6
3
3
1
1
11
1
r,
Pacific S t a t e s
and Territories
317
39
r.
8
3
1
3
39, 657, 750
334,740, 235
2
41
49
8
32
12
64
36
13
12
3
3
3
282, 000
4, 305, 000
8,640,000
575, 000
4, 621,5tfO
1, 390, 000
6, 655, 000
8,425,000
2, 750, 000
1,120, 000
200, 000
200,000
175, 000
70, 500
772, 300
1, 652,750
144,050
893, 350
312, 500
1, 570, 500
1,531,250
462, 500
365, 000
50, 500
50,000
50, 000
279,420
2, 243,240
5, 974, 390
563,370
2, 497, 570
766, 760
2,742; 600
4,748,150
1, 897, 380
1, 691, 880
138,660
48, 860
47, 800
278
39,338,500
7,925, 200
23, 640, 080
Add for mutilated notes
Total currency
bankvS
Add gold banks
United States..
230. 954
48,466
1,4691 146
774, 094
4, 420, 498
1,553,892
430,863
132,507
1,681,063
816, 507
515, 745
251, 015
1,201,670
1, 540, 930
3, 254, 600
1,493,550
i,408,578
488, 802
1, 380, 927
310,953
85, 720
52,940
2,860
46, 000
3,300 44,500
16, 085, 924
7,554,156
62,760
i
4,648
1, 643, 550, 335 1, 471, 545, 374 172, 004, 961
3, 465, 240
3, 348, 403
116, 837
t955 13.693 683,248,175 152,950,350 1, 647, 015, 575 1,474,893,777 172,184,558
1
* Including $35,430,721, for which lawful money has been deposited with t h e Treasurer of t h e U n i t e d
to retire an equal amount of circulation which has not been presented for redemption.
forStates
FRASER
t O n e b a n k restored to solvency and resumed business, making total going b a n k s 3,694.
Digitized
ttEPORT OF THE COMPTROLLER OF THE CURRENCY.
SUMMARY <>K TI \K S i A I I : AND OOXDITION OF KVKKY NATIONAL BANK
DlTIMNO, TJIK YKAH, E N J > E I > SEI>P1 'KMHEK 25, IX[)\.
123.
REROUTING
I Dec. 10, .181)0.
I<Y.|>.20, 181)1.
M a y I, 18<H.
J u l y 9, 1,S!»1.
Sept, 25, 1891.
| 3 , 5 7 3 bank s7
3,601 b a n k s .
3,033 b a n k s .
3,652 b a n k s .
3,677 b a n k s .
RESOURCES.
Loans and discounts l$1,915,105,829. 7- 1,914,242.645.27 $1,950,032,539. 34 $1,950,779,812..81 $1,989,354,239.89
12. 925,135
13, 411, 914. 53;
13, 213, 840. 33
" " " 2G| ' 10,108, 960. 04
j 17, 287, 376. 34.
Overdrafts
IT. S. bonds to secure
139,688,150.00 140,183, 450. 00 140, 498, 400. 00 142, 586, 400. 00 150,035,600.00
circulation
U. S. bonds to secure
27, 858, 500. 00
20, 432, 500. 00
25,150,500.
27, 904, 500. 00
27, 954, 500.
deposits
2, 075, 000. 00
4,439,450.00
4, 963, 650.
3,768, 850.
U.S. bonds on hand 3, 466, 250. 00
Other stocks, bonds.
11.0,609,301.40 121, 099, 034. 59 122,333,707.06 122, 347, 244.
125,179, 076,40
etc
Due from approved
160, 220, 682. 79 182, 645, 602. 94 180, 004, 721. 031 175, 591, 085.
193, 990, 323. 44
reserve agents
Due from other na111, 573,147. 08 110, 850, 874. 53 112, 500, 098.
tional banks
114, 471, 803. 70 115,196, 682. 26
Due from Statebanks
29, 471, 898.95
28, 434, 882.79
27,955, 862. 77
27, 742, 727.
and bankers
28,172, 653.
Banking house, fur06,
829,
054.
68
09, 628, 826. 33
60,152,
012.
75
niture, and fixtures
68, 718, 759.
68, Oil, 015.
Other real estate and
12,
267,
501.
mortgages owned. - 11,908,477.38
13, 641, 295. 75
13,200,731.
12, 863, 903.
Curreut expen s e s
9, 879, 231. 42
13, 434, 642.44
4, 624, 889.
and taxes paid
8, 396, 041. 93
11, 405,934.04
14, 351, 727.
Premiums paid
14,
" 960, 592.!. 48
14, 568, 7o(). 031 14, 491, 627. 05
14, 705, 700.70
Checks and other
15, 057, 481. 84: 13,349,234.661 17, 572, 282. 78;
cash items
16, 073, 092.
13, 272, 545.10
Exchanges for clearI
88,818,299.11
ing house
0, 305, 873.21
77, 828,113. 56| 126,477, 559. 22|
Clearing-house loan
122, 039, 882.10
13,395,249.00
certificates
610,000/00
120, 000. 00
Bills of other national
18, 832, 221. 00
19, 991,167. 00
19,076,085.00
20, 456, 257. 00| 21,418, 977.
banks
Fractional currency,
755, 021. 82
867, 462. 37
863,181.
864, 742. 88
830,198. 62
nickels, and cents.
Specie, viz :*
77, 325, 784. 3o| 82, 050, 500.31
84,
464, 347. 24
87,
695,142.
Gold coin
82, 891, 098. 98j
Gold Treasury
60,173, 670.00
certificates '.... 82, 509, 980. 00| 83, 097, 909.00 75, 314,460.00| 63, 910, 310.
Gold clearinghouse certificates
3, 030, 000. 00
6,706, 000. 00
7, 300, 000. 00
4, 913, 000.00
6, 424,000. 00
Silver coin—dol7, 229, 037. OO!
6, 348, 573. 00
7, 631,470.00
lars
8, 231,195. 00
7, 448, 417.00
Silver Treasury
15, 484, 038. 00
20, 409, 735.00
17, 397, 259. 00
19, 802, 695. 00
certificates
18, 272, 781. 00
Silver coin—frac4, 417, 506. 90
4, 818, 750. 67
5, 023, 920. 35
4, 950, 499. 51
4, 588, 654. 33
tional
Legal-tender notes .. 82,177,126.00 89, 400, 399. 00 96, 375, 249. 00 100, 399, 811. 00 97,615,608.00
IJ. S. certificates of
deposit for legal15, 720, 000. 00
5, 760, 000. 00
tender notes
11,655,000.00
11, 515, 000. 00J 18, 845, 000.00
Fiveper centred emption fund with
6,069,110.84
6,129, 840. 09
6,536,931.51
6,133, 544.12
Treasurer
0,158,960.87
Due from Treasurer
other than redemp1, 093, 947. 04
1,155,473.05 _ ^ 4 5 7 ^ 8 0 7 . 8 5
tion fund
1,100, 310.
729, 226. 3:
3, 046, 938,_82_5.59 3; 065,002,152. _30_3,
901.17|3. 113,415,253.7913. ^ 1 ^ 0 8 0 , 271.02
Aggregate
Total specie*.. 90, 063, 006. 20 201,240,3627 82 194,939, 41L31 190, 769, 537. 46 1837515; 075.'51
LIABILITIES.
Capital stock paid in. 657, 877, 225. 00 662, 518, 459. 15 007, 787, 406.15 672, 903, 597.45 677, 426, 870. 25
214, 965, 633. 6'
222, 491, 983.46 227,199, 041,46 227, 576,485. 91
220, 515, 678.
Surplus fund
70
Other u n d i v i d e d
I l l , 772, 985. 42
87,448,472.14 103,284,673.73
101, 502, 654. 66
95, 972, 506.
profits
90
National-bank circu50
123,
038,
785.
123,915,
643. 00 131, 323, 301. 50
123,112,
529.
123,
447,
633.00
lation outstanding.
00
State-bank circula74,118. 50
50
77,
328.
'
74,138.
50
74,
76,
700.
117.
50
50
tion outstanding ..
4, 645, 261. 20
1,338,745. 25
2,104, 185. 98
Dividends unpaid
1,453, 735. 58
1,167,262. 71
535,
058,
568.
73
1
70(1.
Individual deposits . 1, 485, 095, 855. , 483, 450, 033. 17i , 575, 506, 099.18 1.
, 588, 318, 081.37
21,523,185.64
36
24,923,462. 24
24,411, 606.10
II. S. deposits
15,700, 672.40
Deposits of U. S. dis- 24, 922, 263.
4, 387,991.08
43
4, 323, 333. 50,
4, 781, 045. 75
bursing officers....
4, 566, 660. 33
Due to other national
4, 456,472.
32: 280, 514,008. 37 277, 560, 322.78 270, 744,474. 60
banks
288, 576, 703. 96
Due to State banks 253, 082,126.
50 142, 324, 866. 94 142,455, 768.77 137,727,372.05
and bankers
142,018,070.06
Notes and bills re- 121, 438, 255.
19,719, 695.08
16, 604, '35.21
17, 330, 630. 55
discounted
21, 981,952. 56
25, 598, 405. 72
8, 067, 812. 86
7,456, 781. 57
Bills payable
8,482, 342. 63
10, 778, 944. 87
11, 501, 225. 76
Clearing-house loan
285, 000.00
11,945, 000. 00'
1,144,416.46|
certificates
3,046, 938, 825. 59 3.065, 002,152.30|3,167, 494,901.17J3, 113,415,253. 79 3, 213,080, 271.02
Aggregate
124
REPOKT OF THE COMPTROLLER OF THE CURRENCY.
CltMl'AlIATIVH
S'lA'J K M K N ' I S
<>K T H E N A T I O N A L
I»AI\KS
F o K Fol.TJiTKKN
YKAKS.
Oct. 3, ' Oct. 2,
1804.
1805.
Oct. 1,
18(50.
Oct. 7,
1867.
Oct. r>,
1868.
Oct. 9,
1869.
Oct. 8,
1870.
508
banks.
1, 644
banks.
1,642
banks.
1,643 j 1, 617
banks.
banks.
1,648
banks.
1, 513
banks.
RESOURCES.
Loans
33onds for circulation
Other United States bonds
Stock, bonds, etc
Due from banks
lieal estate
Specie
Legal -tender notes
National-bank notes
Clearing-house exchanges
United "States certificates of deposit
Due from United States Treasurer..
Other resources
Total.
Millions. Millions Millions. Millions. Alillions. Millions Millions.
93.2 ! 487.2
603. 3
682.9
609.7
657. 7
715.9
3.395
( 331.8
340. 5
340. 9
338.6
108.1
74.1
44.6
37.7
427.7 < 95.0
80.3
20.7
23.6
( 15.9
21.5
22.2
34.0
107. 3
110.1
122.9
100. 8
103. 6
109.4
2.2
14.7
22.7
25.2
17.1
27. 5
20.6
13.1
23.0
18.5
18.1
9.2
12.8
44.8
129. 6
190.0
156.1
202.8
157.4
122.7
4.7
11.8
10.2
10.8
17.4
12.5
11.8
72.3
108.8
143.2
79.1
103,7
134.6
10.1
26.3
7.9
8.6
297.1
1,359.8
1, 527.0
1, 499. 5
393.2
38.7
32.4
171.3
549.1
174.2
415.5
53.3
32.6
290.0
598.0
137.5
.1
420.1
66.7
33.8
297.9
568.2
112.8
420.6
78.0
36.1
298.7
603.1
123.1
426.4
86.2
40.7
296.0
523.0
118.9
6.0
430.4
94.1
38.6
293. 9
512.8
130.0
10.9
1,359.8
1,527.0
1,499.5
1, 559. 6
1,497. 2
1, 510. 7
Oct. 3,
1872.
Sept. 12,
1873.
Oct. 2,
1874.
Oct. 1,
1875.
Oct. 2,
1876.
Oct. 1.
1877.
1, 919
banks.
1,976
banks.
2,004
banks.
2,087
banks.
2,089
banks.
banks.
9.6 j
9.8
1,559.6 1 1,497.2
22.9
1, 510.7
LIABILITIES.
Capital stock
Surplus fund'
Undivided profits
Circulation outstanding.
Due to depositors
Due to banks
Other liabilities
Total.
86.
2.
6.
45.
122.
297.1
RESOURCES.
Loans
Bonds for circulation
Other United States bonds
Stocks, bonds, etc
Due from banks
lieal estate
Specie
Legal-tender notes
National-bank notes
Clearing-house exchanges
United States certificates of deposit.
Due from United States Treasurer..
Other resources
Total.
Millions. Millions Millions,
831. 6
8,27.2
944.2
364.5
38*2.0
288.3
45.8
27 6
23.6
24.5
23.5
23.7
143.2
128.2
149,5
30.1
32.3
34.7
13.2
10.2
19.9
107.0
102.1
92.4
14.3
16.1
15.8
115. 2
125.0
100.3
6.7
20.6
Millions, Millions.
41.2
25.2
17.3
954.4
383.3
28.0
27.8
134. 8
38.1
21.2
80.0
18.5
109.7
42.8
20.3
18.3
984.7
370.3
28.1
33.5
144.7
42.4
8.1
76.5
18.5
87.9
48.8
19.6
19.1
1, 730. 6
1, 755. 8
1, 830. 6
1, 877. 2
1, 882. 2
458.3
101.1
42.0
317.4
631.4
171.9
8.5
479.6
110.3
46.6
335.1
628.9
143.8
11.5
491.0
120.3
54.5
340.3
640.0
173.0
11.5
493.8
129.0
51.5
334.2
683. 8
175.8
9.1
504.8
134. 4
53. 0
319.1
679.4
179.7
11.8
1,730.6
1,755.8
1,830.6
1,877.2
1, 882.2
2,080
Millions. Millions.
931.3
891.9
337. 2
336.8
47.8
45.0
34.4
34.5
146.9
129.9
43.1
45.2
21.4
22.7
84.2
66.9
15.9
15.6
74.5
100.0
33.4
29.2
16.0
16.7
28.7
19.1
1, 827. 2
1, 741.1
LIABILITIES.
Capital stock
Surplus fund
,
Undivided profits
Circulation outstanding.
Due to depositors
Due to banks
Other liabilities
Total.
499.
132.
46.
292.
666.
179.
10.
1, 827.2
479.5
122. 8
44. 5
291.9
630.4
161.6
10.4
1,741.1
REPORT OF THE COMPTROLLER OF THE CURRENCY.
.125
STATEMENT SHOWING THE AMOUNT OF AUTHORIZED CAPITAL STOCK OF THE
NATIONAL BANKS ON THE FIRST DAY OF EACH MONTH FROM JANUARY 1, 1870,
TO NOVEMBER 1, 1891, THE AMOUNT OF UNITED STATES BONDS ON DEPOSIT TO
SECURE CIRCULATION, THE AMOUNT OF CIRCULATION SECURED BY THE BONDS
ON DEPOSIT, THE AMOUNT OF LAWFUL MONEY TO REDEEM CIRCULATION, AND
THE TOTAL AMOUNT OF NATIONAL-BANK NOTES OUTSTANDING, INCLUDING* NOTES
OF NATIONAL GOLD BANKS.
Date.
TJ. S- bonds
Circulation
Authorized on deposit to secured by
capital stock. secure circuU. S. bonds.
lation.
Lawful
Total
money on
deposit to national-bank
notes
outredeem cirstanding.
culation.
1870.
January
February
March
April
May
June
July
August
September
October
November
December
1871.
January
February
March
April
May
June
July
August
September
October
November
December
1872.
January
February
March
April
May
June
J«iy-v
August
September
October
November
December
1873.
January
February
March
April
May
Juno
July
August
September
October
November
December
$434, 380, 711 $342,490, 550 $299, 904, 029
434,155, 711 342,330, 350 299, 932, 757
434,455, 711 342, 393, 350 299, 838, 948
435, 010, 711 342,311, 650 299, 804, 018
436, 060, 711 342, 251, 350 299, 784, 654
436, 020, 71] 342, 297, 750 299, 758, 054
436, 280, 011 342, 278, 550 299, 766, 984
437,100, 011 341,909,050 299, 834, 717
438, 495, 011 342, 647, 300 300, 230, 322
437, 383, 311 342,833, 850 301,000,792
439,446, 311 344, 745, 550 302, 607, 942
442,340, 411 345, 266, 550 304, 668, 572
$991, 488
1,142, 321
1, 068, 012
1,113, 012
1, 071, 633
1, 071, 633
1,071, 633
1,197, 555
1, 504, 720
2, 737,980
3, 082, 520
3,206, 848
$300, 895, 517
301, 075,078
300, 906, 960
300, 917,030
300, 856, 287
300, 829, 687
300, 838, 617
301,032, 272
301, 735, 042
303, 738, 772
305, (590, 462
307, 875, 420
444, 590, 411
448. 774, 311
451,487, 811
452, 565, 811
453, 715, 801
457,463, 651
458, 448, 651
461,107, 651
463, 617, 976
465, 603, 976
466, 578, 976
468,173,976
346, 297, 700
349, 726, 300
352, 835, 000
354, 259, 350
355, 987, 500
358, 362, 750
359, 885, 550
361, 922, 550
363, 971, 000
366, 094, 350
367,114,450
368, 680, 300
306, 307, 762
308, 488, 372
310, 665, 932
314,003, 492
315, 654, 761
317, 563,171
318, 261, 241
320, 248, 271
322, 484, 071
323,762, 276
325, 330, 656
326, 700, 426
3, 309,548
3, 009, 548
3,096, 048
3, 096, 048
2, 943, 427
2, 277,109
2, 727,109
2, 727,109
2,749,709
2, 455, 209
2,521,209
2, 838, 734
309, 617, 220
311,497,920
313,761,980
317, 099, 540
318, 598,188
320, 840, 280
320, 988, 350
322, 975, 380
325, 233,780
326, 217, 485
327,851,865
329, 599,160
469, 408, 976
470, 457, 651
471, 822, 651
472, 656, 351
475,458, 651
477, 012, 051
479, 852, 051
482, 906, 851
484, 223, 351
486,106, 851
487,136, 851
487, 699, 551
370, 240, 500
371, 558, 900
373, 764, 450
374, 637, 450
376, 732, 950
378,341, 200
380, 440, 700
382, 552, 200
381, 918, 200
383,977, 200
384, 968, 900
385, 951,400
328,465,431
330, 253, 559
332, 094, 399
333, 556, 529
334, 521, 855
335, 644, 365
337, 664, 795
339, 094, 675
340. 649, 960
342, 227. 690
343,112, 772
344, 097,112
2, 976,154
3, 934, 020
4, 205, 720
4,199,113
3, 566, 059
3,288, 259
3, 239,159
3,174, 359
2, 970, 694
3,105, 564
2, 508, 986
2,404. 876
331,441,585
334,187, 579
336, 300,119
337, 755, 642
338, 087, 914
338, 932, 624
340, 903, 954
342, 269, 034
343, 620, 654
345, 328, 254
345, 621, 758
346. 501, 988
487, 781, 551
489, 380, 851
490,486,151
492, 898, 951
494,428, 951
496, 480, 951
496,496, 501
497, 921, 501
498, 801, 501
499, 111, 501
499,232, 701
499, 533, 401
386, 355, 300
386, 640, 800
387, 415,100
388, 218, 350
388,983, 800
389, 775, 000
390, 410, 550
390, 855, 250
391,618,450
392, 616, 000
392, 852,100
393, 215,900
344,582,812
345, 358, 892
345, 507, 312
346,164, 392
346, 834, 666
347,185, 711
347,267, 061
347, 862, 361
348,715, 421
350,173, 226
350,412,046
350,092,966
2,484, 086
2, 892,141
2, 651, 951
2, 579,189
2, 641, 964
2, 300,703
1, 917, 603
2,104,498
2,104,498
2, 350,896
2,009,096
1,928, 796
347, 066,898
348. 251, 033
348,159, 263
348, 743, 581
349, 476, 630
349, 486,414
349,184, 664
349, 966, 859
350, 819, 919
352, 524,122
352, 421,142
352, 621',' 762
499, 003, 401
498, 032, 201
498,150, 901
497, 505, 901
497, 020, 901
497, 657,401
498, 777, 401
500, 347,401
500, 706,401
502,181,401
502, 931, 401
503, 301,401
393, 000,900
392, 644, 300
392, 506, 950
392,809,200
392,937,100
392, 863, 000
391,171, 200
388,566,100
385, 889, ] 00
385, 649,150
385,421, 750
385,378,250
348, 624,953
348,255,299
348,203,489
348, 505,184
348,323, 390
348, 290, 340
347,182, 820
344, 851, 526
342, 310, 386
342, 270, 676
342, 367, 844
342, 685,175
2, 223, 283
2, 776, 278
3, 081, 323
3,120, 623
3, 360, 932
3, 560,162
4, 798, 212
7, 867, 254
11, 057, 679
11, 707, 870
11, 709,402
12,021,071
350, 848, 236
351, 031, 577
351, 284, 812
351, 625,807
351, 684, 322
351, 850, 502
351, 981,032
352,718,780
353, 368, 065
353,978. 546
354, 077, 246
354,706,246
1874.
January
February.
March
April
May
June
July
August
September
October
November
December
126
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT SHOWING THE AMOUNT OF AUTHORIZED CAPITAL STOCK OF THE
NATIONAL BANKS ON THE FIRST DAY OF EACH MONTH, ETC.—Continued.
IT. S. bonds
Authorized on deposit To
capital stock. secure circulation.
Date.
Circulation
secured by
U. S. bonds.
Lawful
money on
deposit t o
redeem circulation.
Total
lational-bank
notes outstanding.
1875.
January
February
March
April
May
June
July
August
September
October
November
December
:
$385, 128,
384, 174,
382, 076,
380, 661,
379, 506,
379, 126,
376, 314,
374, 894,
373, 956,
371, 489,
367, 549.
365, 836'
$503, 347,
503, 407.
503, 858,
505, 763,
506, 103,
508, 531,
509, 386,
510, 706,
510. 903,
511, 084,
511, 613,
510, 686,
$342,
341,
338.
337,
336,
336,
334,
333,
333,
331,
327.
326.
$11, 794, 413
13,152,121
15,300.850
17,593,099
18, 349, 762
18, 344, 941
19. 709, 667
19,440,077
18, 535, 727
19, 300,112
20, 638, 642
21, 095,102
$354,128, 250
354, 273, 370
354, 249, 344
355, 448, 578
355, 047, 593
354, 455, 473
354, 408, 008
353,118,688
351, 859, 952
350,539,582
348, 2iO, 9O'>
347, 820, 830
1876.
January
February
March
April
May
June
July
August
September
October
November
December
511,155,865
510, 619, 965
510,189,171
509,701,671
507,881,671
506*013, 371
506.008, 371
505, 226,171
504.971.171
504, 027,171
502, 752, 171
502, 652,171
363,601,
361, 430,
356, 732,
350, 216,
346,715,
344, 463,
341, 394,
340,071,
338, 673,
337, 955,
337, 727,
338,261,
324,484, 539
321, 3l9, 645
318. 413, 293
312, 850, 786
310, 084, 721
307, 912, 468
305, 417,013
303, 756, 276
302,847, 886
301,819,811
301, 658, 372
301, 844, 917
21,995,217
22, 648, 884
24, 405, 780
27, 627, 308
28, 755,191
28, 753. 462
27,581,323
25, 982, 339
23, 087, 016
22, 532, 933
21, 582, 936
20,114,674
346, 479, 756
343, 968, 529
342, 819, 073
340, 478, 094
338, 839, 912
336, 665, 930
332,998, 336
329,738,615
325,934,902
324, 352, 744
323,241, 308
321, 959, 591
501, 392,
497, 335,
496, 770,
494, 783,
493,821,
493, 126,
487. 868,
487, 221,
486, 605,
486, 449,
48G, 677.
486, 742.
338,191, 300 ! 302, 020, 242
338, 885,450
302, 201,132
338, 866,550
302, 416, 700
340, 537,600
303 523 ^ 5
340, 732,100
301' 407^450
340, 415,100
304, 766, 940
338, 713,600
303,108, 350
337, 761,600
302,239, 212
302, 440,152
337, 684,650
302, 885, 797
338, 002,450
343, 048,900
305, 094,140
345,130, 550
308, 642, 795
19, 575, 364
18,160, 486
16, 728, 336
16,146, 3(53
15, 586,137
14, 329, 272
13, 940, 522
14, 420, 74b
14, 246, 546
14, 438, 272
13,113,091
11, 988, 924
321, 595, 606
320.361,618
319,145, 036
319, 669, 588
319, 793, 587
4519,096,212
317, 048, 872
316,665,958
316, 686, 698
317, 324, 069
318, 207, 231
320, 631, 719
309, 890, 415
310,240,005
310, 301. 472
310,008,832
310, 826, 422
312, 435, 462
313, 020, 832
312, 995, 592
313,154, 792
3 L3, 159, 592
312, 830, 797
313, 355, 839
11, 782, 090
11, 839, 305
11, 688, 519
12,184, 682
12, 315, 257
11, 552, 623
11, 493, 452
10, 910, 967
10, 294, 370
9, 988,127
9, 629, 918
9, 935, 217
321, 672, 505
322, 079, 310
321,989,991
322,193, 514
323,141,679
323, 988, 085
324, 514, 284
323, 906, 559
323, 449,162
323,147, 719
322, 460, 715
323, 291, 056
1877.
January
February
March..'
April
May
June
July
August
September
October
November
December
1878.
485,
484,
482,
482,
481,
480,
479.
477.
477,
476.
January
February
March
April
May
June
July
August
September
October
November
December
473,
346,
771
346,
371
346,
071
671
346,
347,
671
349,
571
996
349,
996
348,
296
349,
396 | 349,
396
349,
396
349,
550
050
550
250
850
450
400
900
450
650
900
000
1879.
January...
February..
March
April
May
June
July
August
SeptemberOctober . . .
November.
December .
471, 609, 396
469, 995, 856
467, 778, 606
465, 890, 006
464, 608, 206
463, 223,515
462, 843, 515
462,822. 515
462, 567, 515
463,117, 515
462,392,515
461, 842, 515
349, 068, 000
348,939, 200
350, 690, 400
351,196,400
352, 250,550
353, 422, 300
354, 254, 600
353, 201, 800
355, 638,950
359,030,500
363, 802, 400
365,194, 900
313,218,189
312, 725, 809
313,691,639
314,244, 779
315, 628, 352
316, 335, 949
317,315,679
316.412, 560
317,534,289
320, 868, 979
324, 054, 279
326, 684, 059
10, 573,485
11,673, 960
12, 354, 531
12, 882, 417
13, 516, 558
13,203,462
12, 376, 018
13, 545, 677
13,258,698
13,403,261
13,127,139
13, 381, 719
023, 791, 674
324, 399, 769
326, 046,170
327,127,196
329,144, 910
329,539, 411
329, 691, 697
329, 958, 237
330, 792,987
334, 272, 240
337,181, 418
340, 065, 778
461,557,515
461,715,515
462, 407, 585
464,177, 585
464, 507,585
4U4,915,185
367,021,
364, 765,
362,728,
363,656,
363, 003,
362, 715,
328,773, 639
326, 785, 599
325, 032, 790
325, 425, 390
325, 519, 740
325, 301, 700
13,613,697
16,945,310
18,604, 197
18, 959, 687
19,410,910
19,882,033
342, 387, 336
343, 730, 907
343, 636, 989
344, 385, 077
344, 930, 650
345,183,733
1880.
January
February
March. April
May
June
000
900
050
050
650
050
REPORT OF THE COMPTROLLER OF THE CURRENCY.
127
STATEMENT SHOWING THE AMOUNT OF AUTHORIZED CAPITAL STOCK OF THE
NATIONAL BANKS ON THE FIRST DAY OF EACH MONTH, ETC.—Continued.
Date.
July
August
September
October . . .
November.
December .
1880.
"
TJ. S. bonds
Authorized on deposit to
;apital stock. secure circulation.
$465, 205,185
465,915,185
466, 267, 285
466, 245, 085
466, 590, 085
467, 639, 085
Circulation
secured by
U. iS. bonds.
Lawful
Total
money on
deposit to national-bank
notes
outredeem cirstanding.
culation.
$361, 652, 050 $324, 242, 730 $20, 262, 697 $344, 505, 427
361,152, 050 323, 886, 720 20, 266, 967 344,153, 687
361.113, 450 323, 903,330
344,056, 778
20,153,448
359, 935, 450 323, 056. 530 20,848,363
343,904, 893
359,748, 950 322, 798,130
343,
834,107
21, 035, 977
359,808, 550 322, 206,550
21, 500, 091 343, 706, 641
1881.
January
February
March....
April
May
June
July
August
September
October
. November
December
467, 039, 084
466,981, 785
466, 640,185
466, 890,185
467, 542, 685
468,557, 685
469, 382, 685
470, 322, 685
471,282, 935
472,565,935
466, 307, 335
467,907, 335
359,823, 550
359,811, 050
345,739, 050
351,480, 000
354,683, 000
358, 829. 900
360, 488, 400
362,684,000
364, 285, 500
365,751,500
369, 608, 500
371,336,100
322, 832,101
322, 654,721
305, 587, 202
309, 034, 317
316,226,247
318, 497, 814
321,148,399
323,478, 586
325, 324, 746
326,513, 546
329,180,122
331,729,532
21,523,102
21,895,977
38,447, 716
38, 538,105
36, 374, 320
35, 653, 904
33, 894, 276
33, 846, 027
32, 675,940
32, 237, 394
31,164,128
30, 438,878
344, 355, 203
344, 550, 698
344, 034, 918
347, 572, 422
352, 600, 567
354,151, 718
355, 042, 675
357, 324, 613
358, 000, 686
358, 750, 940
360, 344, 250
362,168, 410
470, 018,135
472, 303,135
473, 866, 240
475. 411, 240
478, 013, 940
482,954, 940
486,511,335
487, 803, 635
187, 538, 635
489, 741, 635
491,591,635
493,176, 635
371, 692,100 332,398,922
371, 270, 200 331, 682, 622
370, 602, 700 331,230, 311
369, 900, 700 331, 242, 702
366, 359, 650 327, 729, 622
364,079, 350 323,919, 522
361, 212, 700 320, 312, 832
362,736, 500 319, 805,161
361, 452, 350 320,769,739
362,043, 250 323,487, 353
362,505, 650 324, 304, 343
362,174,250 323, 820,480
30,023,066
30,913,792
30, 713, 969
30, 383, 935
33,340, 677
35,955, 812
38,429,202
39, 017, 621
39, 745,163
39,401, 781
38,423, 404
38, 723, 848
362,421, 988
362, 596, 414
361, 944, 280
361, 626,637
361,070, 299
359, 875,334
358,742, 034
358, 822, 782
360, 514, 902
362, 889,134
362,727, 747
362, 544,328
492. 076, 635
494,199, 635
498, 262,135
498, 017,135
500, 269,135
505, 379,135
507,208,135
510, 283,135
513, 543,135
360, 531, 650
359,567, 450
358,163, 800
357, 201, 400
357, 339,750
356, 588, 600
356, 596, 500
357, 298,500
355, 674,150
353, 308, 650
352, 877, 300
351,174,600
322, 386,120
321, 626, 353
320, 235, 601
319, 849, 816
319, 899, 521
319,013, 856
319,249,806
319,461,846
318, 367, 216
316,278, 066
316, 020, 326
314,573,106
40, 265, 049
40, 540, 877
41, 084, 788
39, 945, 249
39,368, 605
39,150. 326
37, 565, 704
36, 310, 284
36, 222, 005
37, 064, 605
35, 993, 461
36, 385, 055
362, 651,169
362,167, 230
361, 320, 389
359,795, 065
359, 268,126
358,164.182
356,815,510
355,772,130
354,589, 221
353, 342, 671
352, 013, 787
350, 958,161
j 532,554,165
531,875,165
347,538,200
343,475, 550
341,533,050
339,116,150
337,618, 650
336, 257,150
334,147, 850
332, 588, 600
331, 371,100
329,186,000
325,316, 300
320,244,700
310,953,321
307,828,001
306,100,465
303, 699, 075
302, 533,855
301,238, 845
299, 369, 370
297,983,165
297,136, 455
295, 375, 959
291,849, 659
287,277,980
39,529, 507
41,671,892
40, 532, 837
41, 015, 561
40, 571, 613
39,768, 855
40,130, 513
39, 913, 971
39,495, 690
40,453, 269
41,710,163
44, 235, 274
350, 482,828
349, 499, 893
346, 633, 302
344,714, 636
343,105,468
341, 007, 700
339,499, 833
337, 897,136
336,632,145
335,829,228
333,559, 813
331, 513, 254
529,910,
I 530, 380,
| 530, 590,
531,151,
531,241,
530,830,
i 531, 540.
532, 328,
532,749,
532, 034,
| 532, 877,
[ 533,447,
318, 655, 050 285,496, 055
317,282, 600 284,127,895
315,854, 500 282, 772,315
315,386, 850 282,336, 725
315,127, 450 282,434, 075
313, 428, 700 280, 831,610
312,145. 200 279,528,175
310, 225,150 -277, 826, 775
309, 768, 050 277, 371, 525
309,074, 550 277,149, 661
308,364, 550 276,304,189
307,544,250 275,821, 779
43, 662,568
42, 784, 663
41, 888, 596
39,881,941
38,468,630
38,032, 217
39,541,757
39, 503, 567
39, 613, 802
40,274, 772
39,542, 979
41,704,029
329,158, 623
326, 912,558
324, 660, 911
322,218, 666
320,902, 705
318, 863, 827
319, 069, 932
317, 330, 342
316,985,327
317, 424, 433
315,847,168
317, 525, 808
1882.
January
February
March
April
May
June
July
August
September
October
November
December
*.
1883.
January
February
March
April
May
June
July
August
September
October
November
December
515, 528,135
516, 608,135
516, 348,135
1884.
518, 031,135
517, 380,635
519,104,635
521, 573, 635
523, 348, 635
*9.5, 992,16C
528, 784,165
530,784,165
532, 274,165
532, 749,165-
January
February..
March
April
May
June
July
August
September.
October
November
December
1885.
January
February
March
April,
May.
June
July
August
September
October
November
December
128
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT
SHOWING-
THE
AMOUNT
OK AUTHORIZED
CAPITAL
STOCK
OF THE
NATIONAL BANKS ON THE FIRST DAY OF EACH MONTH, ETC.—Continued.
Date.
Authorized
apitul stock.
U. S bonds
on deposit to
secure circulation.
Lawful
Total
Circulation money on national-bank
secured by deposit to
notes
outU. S. bonds. redeem cir- standing.
culation.
1886.
January..
February
March..'
April
May
June
July
August
September*.
October
November...
December . .
$534, 378, 265 $306, 008, 750 $274, 466, 748
535, 308, 265 302,257,000
271,065,593
537, 896, 965 296, 780, 400 266,047,488
538,652, 065 289,729, 650 259,405, 300
285, 447, 950 255, 322, 541
540,414,565
543, 669, 565 270, 537, 400 250, 257, 632
545,206,565 275,974, 800 247, 087, 961
549, 542,565 273, 549, 800 244,675, 012
550, 252, 565 270, 524,150 242,168, 247
553, 002, 565 261,848. 900 234, 682, 736
552, 775,165 245,444, 050 219,710,656
553,855,165 234,991,800 210,525, 601
$42, 976, 706
46,951, 839
52, 049, 017
56, 826, 227
58,555, 047
61, 580, 662
61, 922, 499
62,151, 745
62, 505, 757
68,828,505
81, 819, 233
88,781,909
$317, 443, 454
318, 017, 432
318, 096, 505
316,231,527
813,877, 588
311, 838, 294
309, 010, 460
306, 826, 757
304,674,004
303,511,241
301,529, 889
299,307, 510
1887.
January
February...
March
April
May
June
July
August
September .
October
November..
December . .
555, 865,165
557, 684,165
559,986, 665
561, 321, 665
564,346,665
571, 583, 665
574, 703, 665
578, 826, 215
581 046,215
582,683,715
583,188, 715
584, 203,715
229,438, 350
223, 926, 650
213,639,150
206, 938, 000
202.446, 550
200'939,100
191, 966,700
189,445,800
190, 096,950
189,917,100
188,828, 000
187,147, 000
205, 316,106
200, 268, 346
191,004,726
185, 009, 551
181,026,016
179, 309, 020
171, 629, 341
169,303,430
169, 951, 385
169,931, 680
169, 215, 067
167, 863, 819
91,455,875
92, 806, 395
98,039,485
102,114, 704
103,979,299
103, 051, 871
107, 588, 447
107,150,847
104,313,124
102,962,170
102, 826,136
102, 019,176
296, 771, 981
293, 074, 741
289,044, 211
287,124, 255
285, 005, 315
282, 360,891
279, 217, 788
276, 454, 277
274,264, 509
272,893, 850
272, 041, 203
269, 882,995
January
February...
March..'....
April
May
June
July . . . . . . . .
August
September .
October
November..
December . .
584, 726, 915
586.505, 915
588; 785,915
589,637.915
591,43f, 915
592,467,915
592,852,915
594, 631,915
595, 313, 915
596, 041, 015
596, 796,015
597,457, 315
184,444,950
182, 764,950
182,161,700
181, 863, 700
182,033,450
180, 005,150
178,312, 650
177,438, 800
176,508, 850
173, 280, 250
170,003,350
166, 796, 550
165,205, 724
163, 833, 205
163,235, 505
162, 743,135
162,891, 912
161,134,338
159, 642, 657
158,874,203
158,133, 712
155, 365, 068
152,366,328
149,487, 373
103,193,154
102, 024, 952
99, 492,361
97, 427, 882
95, 692,133
94,675,310
92, 719, 664
90, 758,447
88, 294, 850
88, 236, 639
87,018,909
86,955, 794
268, 398, 878
265, 858,157
262, 727, 866
260,171,017
258, 584, 045
255,809,648
252, 362, 321
249, 632, 650
246,428, 562
243, 601, 707
239, 385, 237
236,443,167
508,239,065 163,480,900
5!)9. 709, 365 160,463,950
0)0, 684, 365 157,485, 700
602,404, 365 154,590,150
603, 264, 365 151,522,350
607,390,365 149, 829, 850
609,670, 365 148,121,450
612, 535,365 147, 758, 450
614,925,365 148,150, 700
617,844, 365 147,037, 200
620,174, 365 145,668,150
621, 959,365 144, 709, 250
146,372, 588
143,580,313
140,874,515
138,193,798
135,375,463
133, 769, 313
132, 244,437
131, 890, 777
132,101,128
131, 225,172
130, 207, 285
129,388,116
87,287,439
85, 688, 716
83, 520, 212
83,032,333
83, 320, 725
81, 753, 704
79,134,526
76,273, 662
73,701,013
72,437, 560
71,816,130
70,258,081
233, 660, 027
229, 269, 029
224, 394, 727
221, 226,131
218, 696,188
215, 523, 017
211, 378,963
208,164,439
205, 802,141
203, 662, 732
202, 023,415
199,646,197
623,791,365
630,003,865
632, 757, 865
637,.372,865
638, 932, 865
644, 587, 865
646,937,865
651,367, 865
652, 852, 865
655, 002, 865
659, 782, 865
662, 947,865
142, 849, 900
142, 266,750
143,197, 000
143,900,750
144,216,150
144, 658,650
145,228,300
145, 434, 750
143,102, 350
140,428, 600
140,190, 900
140,427,400
127, 742,440
126,747,030
127,410,251
128, 046, 801
128, 920, 916
128, 976, 526
129,767,150
129, 854, 561
127, 825, 431
125,430,316
124,958, 736
125,253,195
69,487,965
67, 895, 259
64, 857, 292
62, 480,331
60,665, 663
58, 573, 322
56, 203, 625
54, 537, 072
55,455,037
56,440,709
54, 796,907
53,315,181
197, 230,405
194, 642, 289
192, 267, 543
190, 527,132
189, 586,579
187, 549, 848
185,970, 775
184,391, 633
183, 280,468
181, 871,025
179, 755, 643
178, 568,376
665,267, 865
606,977, 865
669,007, 865
671, 477, 865
672,107,865
673, 422, 865
676,247,865
681,742,865
683,125, 865
684,660, 8(55
684,755,865
140,510,650
140,720,700
140, 790,200
141,036,150
140,949,900
141, 310,150
125,660, 361
125, 859, 360
125, 957, 235
126,054,415
125, 970, 955
120, 267, 575
127,221,301
129,708,040
133, 790, 690
135, 093,378
136,753,837
51, 627, 485
49, 762, 379
47,706,139
45, 750, 649
44,448, 421
42, 909, 884
40, 706, 1.83
38,835, 019
37, 543, 649
36,842,328
35,430,721
177, 287, 846
175,621, 739
173,663,374
171, 805, 064
170,419,376
160, 237, 459
167,027,574
168,543,059
171, 334, 339
171,935, 706
172,184,558
1889.
January
February..
March
April
May
June
J»iy
August
September.
October
November..
December .
1890.
January
February..
March
April
May
June
July
August —
September
October
November.
December .
1891.
January..
February
March..'
April
May
June
July
August
September...
October
Digitized forNovember...
FRASER
142, 508,900
146,089,650
149, 839, 200
151,229,100
162,950,350
REPORT OF THE COMPTROLLER OF THE CURRENCY.
129
CHANGES IN CAPITAL, BONDS, AND CIRCULATION, BY GEOGRAPHICAL DIVISIONS.
Banks existing October 31,1890.
States and Territories.
No.
Capital.
Maine
New Hampshire ...
Vermont
Massachusetts
Rhode Island
Connecticut
78 $11,010, 000
51
6, 230,000
51
7, 360,000
260 96,967,500
59 20,184,050
84 23,774,370
Division No. 1..
New York
New Jersey
Pennsylvania
Division No. 2..
Bonds.
B a n k s organized d u r i n g year ended
October 31,1891.
Circulation. N o .
$4, 043, 000
2,963,250
2,843,000
17,453,150
3, 501, 250
5,165,500
$3, 638, 700
2, 666,925
2, 558, 700
15, 707, 835
3,151,125
4, 648,950
583 165,525, 920
35,969,150
32,372,235
319
95
354
85,136. 060
14, 358, 350
70, 715, 390
19,331,950
4, 220,000
15, 294, 800
17, 398,755
3, 798, 000
13, 765, 320
768 170,209, 800
Capital.
Bonds.
Circulation.
2
1
$125, 000
50, 000
$31,250
12,500
$28,125
11, 250
3
350, 000
162, 500
146, 250
6
525,000
206,250
185, 625
10
1
17
2,200,000
50, 000
1,050, 000
300, 000
12, 500
275,000
270,000
11, 250
247, 500
38,846, 750
34, 962, 075
28
3, 300,000
587,500
528, 750
18
59
12
32
21
2.133, 985
15!674, 960
2, 627, 000
4, 246, 300
2,176, 000
765 000
2,108, 500
850,000
1,111,250
607, 500
688,500
1,897, 650
765, 000
1, 000,125
546, 750
6
1
5
3
1,150,000
200, 000
400, 000
285, 000
187, 500
50. 000
100, 000
71, 250
168, 750
45,000
90, 000
64,125
Division No. 3..
142
26, 858, 245
5, 442,250
4,898,025
15
2,035,000
408, 750
367, 875
North Carolina
South Carolina , . . .
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
21
16
31
15
30
12
19
194
9
76
52
2, 676, 000
1, 798, 000
3,981, 000
1,150, 000
4,329, 000
1,140, 000
4,335,000
22, 407, 800
1,550, 000
15, 004, 400
9,955, 000
769, 750
437,250
930, 500
342, 500
1,229, 500
341, 250
1, 027, 500
4, 631,050
297, 500
3,269, 250
1,407,750
692, 775
393, 525
837,450
308, 250
1,106, 550
307,125
924, 750
4,167,945
267, 750
2, 942, 325
1, 266, 975
3
150,000
37, 500
33, 750
2
\
1
2
17
1
6
3
300, 000
200,000
50, 000
50,000
100, 000
1,510,000
50,000
415, 000
450, 000
62,500
50, 000
12, 500
12,500
25,000
290,000
12,500
103, 750
87, 500
56, 250
45, 000
11,250
11,250
22, 500
261, 000
11, 250
93, 375
78, 750
Delaware
Maryland
Dist. Columbia
Virginia
West Virginia
Division No. 4'.. 475
Ohio
Indiana
Illinois
Michigan
Wisconsin
Division No. 5..
Iowa
Minnesota
Missouri
Kansas
Nebraska
Division No. 6..
Colorado
Nevada
California
Oregon
Arizona
68,326, 200
14, 683, 800
13, 215, 420
40
3,275, 000
693,750
624,375
43, 094, 000
12,652, 000
31, 641, 000
15,739, 600
6, 760, 000
9,411,350
4,161, 050
5,859, 500
3,113, 500
1, 676, 750
8,47Q, 215
3.744, 945
5, 273,550
2, 802,150
1, 509, 075
5
1
11
2
6
650, 000
100, 000
2,830,000
150, 000
450,000
137,500
25,000
307,500
37, 500
112,500
123, 750
22, 500
276,750
33,750
101,250
704 109, 886, 600
24, 222,150
21,799,935
25
4,180,000
620, 000
558, 000
141
59
80
158
136
12,370,000
14,695,000
23, 440, 000
14,509,100
12, 935, 000
3,077, 250
1, 762, 300
2, 275, 300
3, 300, 750
2, 638, 750
2, 769,525
1, 586, 070
2, 047, 770
2.970, 675
2, 374, 875
11
6
5
9
10
775,000
300,000
1, 850,000
760,000
910,000
194,000
. 75,000
175, 000
177,500
227,500
174, 600
67, 500
157, 500
159, 750
204, 750
574
77, 949,100
13, 054,350
11,748,915
41
4, 595,000
849, 000
764,100
48
2
37
38
3
8, 415, 000
282, 000
8,475, 000
3, 975, 000
200,000
1,339,000
70, 500
1,381.250
697, 300
50,500
1,205,100
'
63,450
1,243,125
627,570
45,450
2
300,000
62,500
56,250
3
350,000
75,000
67,500
232
100
194
109
69
Division No. 7..
128
21, 347,000
3,538,550
3,184,695
5
650,000
137,500
123,750
Indian Territory...
Oklahoma
North Dakota
South Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
2
3
29
40
7
26
10
11
54
11
150, 000
200, 000
2, 025, 000
2, 660, 000
400,000
3,765, 000
1,025,000
2,400, 000
5,755,000
1,300, 000
37,500
50, 000
521,500
668,500
100,300
745,600
290,000
437,500
1,290, 500
292,500
33,750
45,000
469, 350
601,650
90, 270
671,040
261, 000
393,750
1,161,450
263, 250
1
50,000
12, 500
11, 250
4
5
1
6
2
2
11
1
250, 000
300,000
75,000
515,000
100, 000
100,000
700,000
50,000
62, 500
75, 000
18, 750
116,250
25,000
25, 000
175,000
12, 500
56,250
67,500
16,875
104,625
22, 500
22, 500
157, 500
11,250
Division No. 8..
193
19, 680, 000
4, 433,900
3,990, 510
33
2,140,000
522,500
470,250
20,700,000 4,025, 250
3, 622,725
United States
3,567 659,782, 865 140,190,900 126,171,810
11167
193
130
REPORT OF THE COMPTROLLER OF THE CURRENCY.
CHANGES IN CAPITAL, BONDS, AND CIRCULATION, BY GEOGRAPHICAL DIVISIONS—C'tM.
States and Territories.
Increase in capital, bonds, arid circulation Total increase in capital, bonds, and
of banks existing October'.51,1800, and
circulation, and number of banks
number of banks concerned in such inconcerned in such increase.
crease.
No.
Capital.
3
2
$125, 000
75, 000
6
23
12
9
1,400,000
93, 000
1,168, 000
4,807,050
4, 326, 345
55
1, 075, 000
10,000
970,000
2, 667, 500
97, 000
1, 822, 750
2,400, 750
87, 300
1,640, 475
29
5
39
45
2, 055, 000
4,587,250
4,128, 525
6
50,000
215,000
193, 500
7
2
100, 000
197, 500
50, 000
15
150, 000
2
3
5
1
50, 000
25, 000
200, 000
50,000
17
10
3
Division No. 1..
49
19
4
22
Division No. 2.
North Carolina
South Carolina
Georgia
Florida
Alaham a
. .
M^ississinni
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Division No. 4..
Capital.
$5, 400
5, 625
117,000
2, 294. F.20
1, 084, 500
819, 000
1
1
6
20
12
9
Maryland
Dist Columbia)
Virginia
West Virginia
Division No. 3..
Circulation. No.
$6, 000
6, 250
130,000
2, 549, 800
1, 205, 000
910, 000
M^aine
New Hampshire ...
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Bonds.
$33, 525
16, 875
117,000
2,441,070
1,084,500
"819, 000
1, 693, 000
5,013, 300
4, 511,970
3, 275, 000
60, 000
2, 020, 000
2, 967, 500
109, 500
2, 097, 750
2, 670, 750
98, 550
1, 887, 975
73
5, 355,000
5,174,750
4, 657, 275
177, 750
45, 000
12
1
12
5
1,200, 000
200, 000
400,000
385,000
402, 500
50, 000
297, 500
121,250
362, 250
45,000
267, 750
109,125
462, 500
416, 250
30
2,185, 000
871, 250
784,125
22,500
81,250
93, 750
12, 500
20, 250
73,125
84, 375
11,250
2,015, 000
178,250
160,425
290,000
125,000
340,000
31,250
306, 000
28,125
5
3
7
5
1
1
2
34
1
16
6
200,000
25, 000
560, 000
250, 000
50, 000
50,000
100,000
3, 525, 000
50, 000
705,1)00
575,000
60,000
81, 250
156, 250
62, 500
12, 500
12,500
25, 000
468, 250
12,500
443, 750
118, 750
54,000
73,125
140,625
56, 250
11,250
11,250
22, 500
421,425
11, 250
399, 375
106,875
1,453, 250
1, 307, 925
1,050,000
93, 000
41
2,815, 000
759, 500
683, 550
81
6, 090, 000
5
4
11
1
4
975, 000
3,385, 000
100,000
100,000
90, 000
37,500
155,250
50,000
130,000
81, 000
33, 750
139, 725
45, 000
117, 000
10
5
22
3
10
1,625, 000
100, 000
6, 215, 000
250,000
550,000
25
4, 560, 000
462, 750
416,475
50
6
3
4
3
5
510,000
210, 000
1,200,000
50, 000
200. 000
75, 500
27, 500
90,000
50,000
155,000
67,950
24,750
81, 000
45, 000
139, 500
17
9
9
12
15
Division No. 6..
21
2,170, 000
398,000
358, 200
6
5
25,000
200,000
326,250
212,500
293, 625
191, 250
11
225, 000
538, 750
484,875
Division No. 7.
Indian Territory
North Dakota
South Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
Division No. 8.
United States
1
1
2
4
1
1
4
1
40,000
25, 000
100, 000
360, 000
10,000
6,250
25, 000
53, 750
50,000
9,000
5,625
22, 500
48, 375
45,000
250,000
300, 000
50, 000
121,250
12, 500
109,125
11,250
500
500
750
500
500
204, 750
56, 250
416, 475
78, 750
218,250
8, 740, 000
1,082,750
974, 475
1,285,000
510,000
3,050, 000
810, 000
1,110, 000
269, 500
102,500
265,000
227, 500
382, 500
242,550
92, 250
238,500
204, 750
344,250
62
6, 765, 000
1,247,000
1,122,300
8
5
3
325,000
200, 000
350,000
388, 750
212, 500
75, 000
349, 875
191,250
67,500
16
875, 000
676,250
608,625
1
5
6
3
10
3
3
15
2
50, 000
290,000
325,000
175, 000
875, 000
100, 000
350,000
1,000, 000
100, 000
12,500
72,500
81,250
43, 750
170, 000
75,000
25,000
296,250
25, 000
11, 250
65,250
73,125
39,375
153,000
67, 500
22,500
266,625
22,500
3,265, 000
801,250
721,125
15
1,125,000
278,750
250,875
48
222
14,268,000
12, 294, 550
11,065, 095
415
Circulation.
$37, 250
18,750
130,000
2, 712, 300
1, 205, 000
910,000
$25, 000
Ohio
Indiana
Illinois
Michigan
Wisconsin
Division No. 5..
Iowa
Minnesota
Missouri
Kansas . .. .. .
Nebraska
Colorado
California
Oregon
Bonds.
227,
62,
462,
87,
242,
34,968,000 16,319,800 14,687,820
REPORT OF THE COMPTROLLER OF THE CURRENCY.
131
CHANGES IN CAPITAL, BONDS, AND CIUCULATION, BY GEOGRAPHICAL DIVISIONS—C't'd.
Decrease in capital, bonds, and circulation, with number of banks concerned in
such decrease.
States and Territories.
Failed and liquidating banks.
No.
Capital.
Bonds.
By banks existing October 31, 1890.
Circulation. No.
Capital.
Bonds.
Circulation.
Maine
New Hampshire...
Vermont
M^assachusetts . .
Rhode Island
Connecticut
1
1
1
$75, 000
100, 000
50, 000
$25,000
25, 000
25, 000
•$22, 500
22,500
22,500
6
2
5
6
1
3
500,000
$231,350
70, 000
45, 500
199, 500
10, 000
152, 500
Division No. 1..
3
225, 000
75, 000
67,500
23
700, 000
708, 850
637, 965
4 800, 000
1 100, 000
3 1, 000,000
175,000
25, 000
200,000
157,500
22,500
180, 000
9
1
12
1,725,000
517, 500
80, 000
332, 500
465, 750
72, 000
299, 250
8 1,900, 000
400, 000
360, 000
22
1, 725, 000
930, 000
837, 000
25, 000
22, 500
25, 000
22, 500
50, 000
45,000
New Tork
New Jersey
Pennsylvania
Division No. 2..
Delaware
Maryland
Dist. Columbia
Virginia
West Virginia
Division No. 3..
1
50, 000
12, 500
11, 250
$50,000
100, 000
50,000
1
1
70, 000
70, 000
$208, 215
63,000
40,950
179, 550
9,000
137, 250
1
50, 000
12, 500
11, 250
2
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
1
2
1
1
2
125, 000
150,000
100,000
100. 000
150, 000
31, 250
50, 000
25, 000
37, 500
40, 000
28,125
45, 000
22, 500
33,750
36,000
1
Texas
4
566,666
100,000
90,000
4
50,000
52,500
47,250
100, 000
50,000
100, 000
12,500
90,000
11,250
2
50,000
50,000
"45, 000
13 1, 275, 000
396,250
356, 625
9
175, 000
152, 500
137, 250
6
3
2
1
75,000
25,000
221,500
100, 000
8,750
500
199, 350
90, 000
7,875
450
330, 750
297, 675
Kentucky
Tennessee
Division No. 4..
Ohio
Indiana
Illinois
Michigan
Wisconsin
Division No. 5..
Iowa
Minnesota
Missouri
Kansas
Nebraska
Division No. 6..
Colorado
Nevada
California
Division No. 7..
Indian Territory
Oklahoma .
North Dakota . . . .
South Dakota
Idaho
M^ontana
New Mexico
Utah
Washington
W voiu in °"
Division No. 8..
United States
i
1
1
2
5
1
50, 000
1
25,000
000
000
000
000
45, 000
45,000
148,500
45,000
9 1,210,000
315,000
283, 500
12
100, 000
1 150, 000
1
50, 000
2 300, 000
18 1, 302,000
6 385, 000
37, 500
12, 500
62, 500
356, 750
102, 500
33, 750
11, 250
56, 250
321, 075
92, 250
2
2
6
1
30, 000
1, 000, 000
200,000
50,000
28 2,18Z, 000
11
250, 000
200,000
560, 000
200,000
50,
50,
165,
50,
1
37, 500
33,750
75,250
67,725
1,280,000
112,750
101,475
571,750
514, 575
1
100, 000
25, 000
22, 500
1
200, 000
50, 666
45,000
1
50,000
12, 500
11,250
2
300, 000
75, 000
67, 500
1
50,000
12,500
11, 250
1
50,000
1
50, 000
25,000
22, 500
6,000
5,400
5,000
4,500
1
1
60,000
25,000
22, 500
2
110, 000
50, 000
45, 000
3
50, 000
11, 000
9,900
66 7,257, 000 1, 895,500
1,705,950
83
4,150,000
2, 283, 350
2,055, 015
• •
132
REPORT OF THE COMPTROLLER OF THE CURRENCY.
CHANGES IN CAPITAL, BONDS, AND CIRCULATION, BY GEOGRAPHICAL DIVISIONS—C7t'd.
Increase and decrease during year ended October 31, 1891.
States and Territories.
Total increase.
Capital.
Maine
New Hampshire ...
Vermont
Massachusetts
Rhode Island
Connecticut
Division No. 1.
New York
New Jersey...
Pennsylvania.
Division No. 2
Delaware
Maryland
District of Columbia
Virginia
West Virginia
Bonds.
$125, 000
75, 000
$37, 250
18, 750130,000
1, 400, 000 2,712,300
1, 205, 000
93,000
910, 000
Total decrease.
Circulation.
Capital.
Bonds.
Circulation
$33, 525
16, 875
117,000
2,441, 070
1, 084, 500
819, 000
$125,000
100, 000
150, 000
50, 000
500, 000
$256, 350
95, 000
70, 500
199, 500
10,000
152, 500
$230, 715
85, 500
63,450
179, 550
9, 000
137, 250
4,511,970
925,000
783, 850
705, 465
3,275, 000 2, 967, 500
60,000
109, 500
2, 020,000 2,097, 750
2, 670, 750 2, 525, 000
100,000
98, 550
1, 887, 975 1, 000, 000
692,500
105, 000
532, 500
623, 250
94, 500
479, 250
5, 355, 000 5,174, 750
4, 657, 275
3,625, 000
1, 330, 000
1,197, 000
25, 000
22, 500
1,693,000
5,013,300
500
000
500
250
362, 250
45, 000
267,750
109,125
70, 000
50,000
12, 500
11, 250
!, 185,000
871, 250
784,125
120, 000
37,500
33, 750
200, 000
25,000
560, 000
250,000
50,000
50, 000
100,000
3, 525, 000
50, 000
705.000
575, 000
60, 000
81, 250
156, 250
62, 500
12, 500
12,500
25, 000
468, 250
12, 500
443, 750
118, 750
54,000
73,125
140,625
56, 250
11, 250
11, 250
22, 500
421,425
11,250
399, 375
106, 875
125, 000
150, 000
150,000
100, 000
150, 000
25,000
81, 250
50,000
25, 000
37, 500
40, 000
73,125
45, 000
22, 500
33, 750
36, 000
550,000
152, 500
137, 250
150, 000
50, 00Q,
150,000
12, 500
135, 000
11, 250
Division No. 4.
Ohio
Indiana
Illinois
Michigan ..
Wisconsin.
6, 090, 000
1,453, 250
1, 307, 925
1,625, 000
100, 000
6, 215, 000
250, 000
550, 000
22T 500
62,500
462, 750
87, 500
242,500
204, 750
56, 250
416,475
78,750
218, 250
Division No. 5.
Iowa
Minnesota .
Missouri...
Kansas
Nebraska- .
8, 740, 000 1,082,750
1,285, 000
510, 000
3, 050, 000
810, 000
1,110,000
269, 500
102,500
265. 000
227^500
382, 500
Division No. 0
Colorado..
Nevada —
California.
Oregon , -.
Arizona...
6, 765, 000 1, 247,000
Division No. 3 .
North Carolina .
South Carolina .
Georgia
Florida
Alabama
ppi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Division No. 7 .
Indian Territory.
Oklahoma
North Dakota . . .
South Dakota....
Idaho
Montana
New Mexico
Utah
Washington
Wyoming.
Division No. g
United States
1, 200, 000
200, 000
400, 000
385,000
402,
50,
297,
121,
1,450, 000
548,750
493, 875
000
000
000
000
000
221, 500
150, 000
58,750
165, 500
50, 000
199, 350
135, 000
52, 875
148, 950
45, 000
974,475
1, 310, 000
645, 750
581,175
242, 550
92,250
238, 500
204,750
344, 250
150. 000
80,000
1, 300, 000
1, 502, 000
435, 000
37, 500
50, 000
62, 500
432, 000
102,500
33, 750
45,000
56, 250
388, 800
92, 250
1,122,300
3, 467, 000
684, 500
616, 050
75,
275,
200,
560,
200,
325, 000
388,750
349, 875
100, 000
25, 000
22, 500
200, 000
350, 000
212,500
75,000
191,250
67, 500
250, 000
"62," 500
*"56,*250
875, 000
676, 250
608, 625
350, 000
87, 500
78, 750
50, 000
12,500
11, 250
50, 000
50,000
25,000
22, 500
6,666
5,400
25,000
5, 000
22. 500
4,500
290. 000
325, 000
375,000
875, 000
300,000
350, 000
, 000, 000
]00,000
3, 205, 000 |
72, 500
81,250
43,750
170,000
75, 000
25, 000
296, 250
25,000
801, 250
34,908,000 10,319,800
65,
73,
39,
153,
67,
22,
266,
22,
60,000
721,125
i(), 000
61, 000
14,687,820
11,407,000
4,178, 850
54,900
3, 760, 965
REPORT OF THE COMPTROLLER OF THE CURRENCY.
133
CHANGES IN CAPITAL, BONDS, ANI> CIRCULATION, r.v Gi<:o<;nAPiiicA.L DIVISIONS—C't'd.
Net increase and decrease ~c i.pital, bonds, and circulation.
States and Territories.
N e t increase.
Capital.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut -
$53, 550
2, 261, 520
1,075,500
681, 750
768, 000
4,229,450
3, 806, 505
750, 000
1, 020, 000
2, 275-, 000
4,500
1, 565, 250
2, 047, 500
4,050
1,408, 725
93, 000
New York
New Jersey
Pennsylvania
N e t decrease.
Circulation.
$59,500
2, 512, 800
1,195, 000
757,500
' $1.350. 000
Division ISTo. 1
Bonds.
Division No. 2
1, 730, 000
3, 844,750
3, 460, 275
Delaware
Maryland
District of Columbia
Virginia
West Virginia
1,130,000
200,000
350, 000
385,000
402, 500
50, 000
285, 000
121,250
362,250
45, 000
256, 500
109,125
Division No. 3
2, 065, 000
833, 750
750, 375
410,000
150,000
31, 250
131,250
25, 000
28,125
118,125
22, 500
25, 000
100, 000
2, 975, 000
50, 000
555, 000
525, 000
12, 500
25, 000
315, 750
12,500
293, 750
106, 250
11, 250
22, 500
284,175
11, 250
264,375
95, 625
4, 640, 000
904, 500
814, 050
North Carolina
South Carolina .
G eorgia
Florida
.Alabama.
Mississippi
^Louisiana
Texas
Arkansas
Kentucky
Tennessee
$25, 000
150, 000
1, 550, 000
6,000
5,400
6,015, 000
404,000
363,600
350, 000
192, 500
173, 250
Division No. 5
7,430, 000
437, 000
393, 30v)
Iowa
M innesota
Missouri . . . . . . . . . .
Kansas
Nebraska..
- .
1,135,000
430, 000
1, 750,000
232, 000
52,500
202,500
208, 800
47,250
182, 250
675,000
280,000
252,000
Division No. 6
3, 298, 000
562, 500
506,250
225, 000
363, 750
327, 375
350, 000
150,000
75, 000
135, 000
67, 500
525, 000
588, 750
529, 875
50, 000
12,500
11, 250
240,000
275, 000
175,000
875, 000
100,000
350, 000
940,000
100,000
72,500
56, 250
43, 750
164,000
75, 000
25, 000
271, 250
20,000
65,250
50,625
39, 375
147, 600
67,500
22, 500
244,125
18,000
Colorado
Nevada
California
Oregon
Arizona
Division No. 7
,
Division No. 8
United States
3,105, 000
740,250
666,225
23,561, 000
12,140, 950
10, 926, 855
Circulation.
$219 100
76, 250
$197,190
68, 625
25, 000
22, 500
21, 250
19,125
27, 500
24, 750
500, 000
40, 000
125, 000
100, 000
-
Indian Territory
Oklahoma
North Dakota
South Dakota
Idaho
Montana
. .
New Mexico
Utah
"Washington
"Wvominff
Bonds.
75,000
Division No. 4
Ohio
Indiana
Illinois
Michigan
VTisconsin
Capital.
175, 000
87, 500
78,750
310, 000
78, 000
70, 200
692,000
204, 500
184, 050
_50,000
=
=
134
REPORT OF THE COMPTROLLER OF THE CURRENCY.
T A B L E SHOWING B Y STATES TIII-; AMOUNT OF NATIONAI.-HANK CIRCULATION ISSUED,
T H E AMOUNT OF L A W F U L M O N E Y D E P O S I T E D IN T H E 1>NJTEI> SPATES TREASURY
TO R E T I R E NATIONAL-BANK CIRCULATION*FKOM J U N E 20, 1874, TO OCTOBER 31,
1891; AND T H E AMOUNT R E M A I N I N G ON D E P O S I T AT THE LATTER D A T E .
Lawful money deposited to retire national-bank
Lawful
circulation since June 20,1874.
money on
Additional
deposit
To retire cir- To retire circirculation is- For rewith the
Stales and Territories. sued since
demption culat^n un- lation under
United
Total deposJune 20,1874. of notes of der act of
States
act of July
its.
liquidating
June 20,
Treasury
12,1882.
1874.
banks.
at date.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
Michigan
"Wisconsin
Iowa
Minnesota
Kansas
Nebraska.
Nevada
Oregon
Colorado
Idaho
Montana
Wyoming
North Dakota
South Dakota
Washington
California
Utah
New Mexico
Arizona
Oklahoma
Indian Territory
Lawful money deposited prior to June
20,1874, and remaining at that date
Total.
$3,459,989
2,210, 530
3, 973,995
41,309, 395
6,116, 565
9,177, 550
48, 080, 625
6, 321,925
31, 084,595
914, 810
3, 930,145
790,150
2,165,820
765, 749
1,583,060
405,175
1, 342, 590
391, 490
1,168,170
356, 600
2, 728,500
5, 264, 030
646, 450
7, 730, 240
2,284, 700
4, 655,130
38,437,196
7, 902, 840
8, 332, 815
5,198, 830
3, 251, 420
5, 088, 489
2, 538, 675
3, 744,065
3,456, 545
76,950
761,500
2,130,005
169,155
1,078,720
241, 595
830, 700
803, 475
1, 840, 950
2, 940,120
701,900
360, 000
98,540
45,000
45,000
$888, 787
504, 618
1, 081, 777
1,907,105
317,017
1, 070, 361
9, 529, 435
1, 411, 288
4,538,272
$2, 568, 018
1, 472,175
1, 916, 642
24, 698,497
5,977,042
6,422,927
15, 526,442
3,073, 72«
15, 877, 441
458, 645
3, 665, 625
76, 310
699,630
551,015
84, 800
129, 830
547, 910
107, 640
94, 320
51,250
235,890
161,191
15, 500
50, 590
$4,465, 235
2, 269, 920
5, 009, 603
53,893,158
8, 858, 456
13,750,507
57,050, 361
9,032,797
36, 082,274
997, 000
6,348, 665
899,740
2, 377, 275
922, 740
2,153, 210
1, 896, 675
1, 678, 855
7,790
1, 076,320
38, 450
3, 671,900
1,135, 308
403,120
8, 668, 818
2, 207,427
6,159,341
19,950, 604
11,855, 578
11,897,376
5,585,005
2, 657,389
4, 783,738
2,614,827
1,012,275
1,140,415
13, 500
180, 860
577,720
89, 998
334, 610
20, 250
195, 570
100, 330
374, 600
1, 295, 500
527, 550
285, 200
2,500
57, 874,057
296, 550, 340
97,756, 831
184,800
455, 664
1,187,169
950, 310
381, 780
81,050
353,425
19,210
215, 298
666, 413
271, 267
67,130
1, 802,504
983, 901
1,430, 855
7,859,071
5, 351, 923
3,892,148
3, 212,446
1, 334,225
1,902, 663
1, 061, 004
1,363, 585
299,290
10,720
369,975
11,250
189,940
$7,922,040
4, 246, 713
8,008, 022
80,498,760
15,152, 515
21,243, 795
82,106, 238
13, 517,811
56,497, 987
1,455, 645
10,199,090
1,431, 714
4, 264, 074
2, 424,065
2, 619, 790
2,107, 555
2, 580,190
27, 000
1,405,590
38,450
5,140, 563
1,497,380
551,950
11,773, 315
3, 600,265
8,194,455
32,826, 374
18, 463, 425
17,336, 030
9,196,735
4, 634, 009
7, 333, 366
4,098, 625
2,439, 061
1,661,685
13, 500
274, 030
1, 211, 505
116,010
554,020
20, 250
303, 210
194, 650
425,850
1, 531,390
688, 741
300,700
53,090
113,972
802,250
90,805
81,700
1,301, 993
408,937
604,259
5,016,699
1, 255,924
1, 546, 506
399, 284
642, 395
646, 965
422, 794
. 63,201
221,980
82,450
263,810
14, 762
29,470
$1,125,055
556, 835
548, 332
6, 628, 605
1,335. 821
2,099; 338
5, 616,781
1, 303, 409
4,849, 238
293,010
995, 752
29, 605
244,409
202, 342
115,166
93,789
184,311
2,075
91,035
247
420, 684
133,908
54,171
931,466
298, 011
377,728
2, 651, 312
1, 072,136
650, 753
540, 789
313,222
353, 781
193, 909
380, 447
122, 694
998
29, 324
88, 066
13,242
22, 723
2,630
13,723
29, 656
6,683
231, 515
62,018
1,190
1,950
3,813,675
*258,932,523
455,994,903 t35,313,884
* This includes circulation issued under act of July 12,1882.
t Exclusive of $116,837 on deposit to retire circulation of national gold banks.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
135
STATEMENT SHOWING THE AMOUNT OF NATIONAL-BANK NOTES OUTSTANDING, THE
AMOUNT OF LAWFUL MONEY ON DEPOSIT WITH THE TREASURER OF THE UNITED
STATES TO REDEEM NATIONAL-BANK NOTES, AND THE KINDS AND AMOUNTS OP
UNITED STATES BONDS ON DEPOSIT TO SECURE CIRCULATION AND PUBLIC D E POSITS ON OCTOBER 31, 1891, WITH THE CHANGES DURING THE PRECEDING YEAR
AND THE PRECEDING MONTH.
National-bank notes.
October 31,
1890.
September
30, 1890.
$179, 620,916
$171,817,319
Total circulation.
Total amount outstanding at the dates named
Additional circulation issued during the intervals :
To new banks
To banks increasing circulation
4,144,590
11, 313,860
309,630
1,558, 630
Aggregate
Surrendered and destroyed during the intervals . .
195,079, 366
23,011, 645
173, 685, 579
1,617,858
Total amount outstanding October 31,1890*.
172, 067, 721
172,067,721
Decrease in total circulation since October 31,1890
Increase in total circulation bince September 30,1891..
7, 553,195
250,402
Circulation based on United States bonds.
Amount outstanding at the dates named
Additional issued during the intervals as above .
Aggregate.
Retired during the intervals:
By insolvent banks
By liquidating banks
By reducing banks
Total retired during the intervals
Outstanding against bonds October 31, 1891.
Increase in circulation since October 31,1890
Increase in circulation since September 30,1891.
Circulation secured by lawful money.*
Amount of outstanding circulation represented by lawful money on
deposit with the Treasurer of the United States to redeem notes:
Of insolvent national banks
Of liquidating national banks
I
Of national banks reducing circulation under section 4 of the act of
June 20,1874.
!
Of national-banks retiring circulation under section 6 of the act of I
July 12,1882
'
Total lawful money on deposit
Lawful money deposited in October, 1891
National-bank notes redeemed in October, 1891
Decrease in aggregate deposit since October 31,1890
Decrease in aggregate deposit since September 30,1891
United States registered bonds on deposit.
Pacific railroad bonds, 6 per cents
Funded loan of 1891,4£ per cents
Funded loan of 1907,4 per cents
Funded loan of 1891, continued at 2 per cent.
Total on deposit
124, 958, 736
15, 458,450
135, 093,377
1,868, 260
140,417,186
136,961,637
270,425
1,112, 265
2, 280, 659
56, 250
151,550
3, 663, 349
207, 800
136, 753, 837
136,753,837
"11^7957101
October 31,
1890.
$794, 596
5, 649,363
October 31:
1891.
$719,817
5,279,966
22, 742, 084
9,679,513
25,476,137
19, 634,588
54, 662,180
35,313,884
Ill,990
1,522, 048
19, 348,296
1,410, 058
To secure
To secure
circulating public deposits.
notes.
$10, 244, 000
199, 400
120, 858, 850
$1,421,000
21, 648,100
16,237,500
2,108,000
152,950,350
19,766,500
* Circulation of national gold banks not included in the above, $116,837.
1,660,460
13G
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT OK MONTHLY INCREASE OR D E C R E A S E OF NATIONAL HANK CIRCULATION FOR TIIK YEAK ENDED OCTOUKK 31. IS'*!, P R E C E D E D I*.Y QUARTERLY I N CREASE OH DECREASE SINCE JANUARY 11, is?r>.
From Jan. 14 to Jan. 31,1875
For quarter ended—
Apr. 30,1875
July 31,1875
Oct. 31.1875
Jan. 31,187G
Apr. 30,1876
July 31,1876
Oct. 31,1876
Jan. 31,1877...
Apr. 30,1877
July 31,1877
Oct. 31,1877
Jan. 31,1878
Apr. 30,1878
J u l y 31,1878
Oct. 31,1878
Jan. 31,1879
Apr. 30,1879
July 31,1879
Oct. 31,1879
Jan. 31,1880
Apr. 30,1880
J u l y 31,1880
Oct. 31,1880
Jan. 31,1881
Apr. 30,1881
July "31,1881
Oct. 31,1881
Jan. 31,1882
Apr. 30,1882.
J u l y 31,1882.
Oct. 31,1882.
Jan. 31,1883.
Apr. 30,1883.
J u l y 31,1883.
Oct. 31,1883.
Jan. 31,1884*.
Apr. 30,1884.
J u l y 31,1884.
Oct. 31,1884.
J a n . 31,1885.
Apr. 30,1885.
J u l y 31,1885.
Oct. 31,1885.
J a n . 31,1886.
Apr. 30,1886.
J u l y 31,1886.
Oct. 31,1886.
Jan. 31,1887.
Apr. 30.1887.
J u l y 31,1887.
Oct. 31,1887.
Jan. 31,1888.
Apr. 30,1888.
J u l y 31,1888.
Oct. 31,1888.
Jan. 31,1889.
Apr. 30,1889.
J u l y 31,1889.
Oct. 31,1889.
Jan. 31,1890.
Apr. 30,1890.
July 31,1890.
Oct. 31,1890.
Total
November, 1890..
December, 1890 ..
January, 1891
February, 1891...
March. 1891
April, 1891
May, 1891
June, 1891
July, 1891
August, 1891
September, 1891
October, 1891
Total
Surrendered to this office and retired from
January 14,1875, to October 31,1891
Grand total
National-bank circulation.
Issued.
$537, 580
Retired.
$255,600
3, 336,804
4, 409, 220
5, 423, 930
4,124,165
5, 553, 971
1, 915,710
3, 852,731
2, 504, 600
5, 425, 539
877, 580
9, 663, 984
1,107,110
8, 564, 727
2, 604, 390
3,188,630
4, 759, 015
4,363,010
5, 005, 596
3,000, 230
4, 984, 399
3, 516, 321
5, 754,160
6,725, 585
2, 701, 885
3,036, 760
1, 906, 720
3, 453,080
4, 252, 980
2,276, 360
2, 924,430
3,097, 060
747, 327
7, 039, 300
1, 822, 988
3,674, 830
2,715, 524
9,122, 300
1, 754, 558
7, 289, 805
674,129
3,163, 820
1,555, 766
2, 427, 398
1, 748, 660
1, 535, 760
1,199,930
1, 361,534
2, 234, 780
4, 426, 596
12, 690,890
4,734,578
9, 569,410
3,182, 551
6, 484, 550
3, 354,153
5, 625, 200
4, 414, 865
2, 991, 400
5,741,456
4, 054, 740
5, 611, 497
9, 792, 910
4,588, 850
4, 927,020
6, 510, 245
3, 638, 650
6,868, 245
3, 527,100
6, 369, 273
2, 755, 600
5,172, 714
2, 748, 270
8, 430, 804
2,052, 294
7,883, 997
2,778, 960
6,833,874
2, 792,170
7,812, 055
1, 265, 520
8.135,112
2,125, 260
5, 731, 673
2,160,110
6, 758,154
5, 591, 760
5, 581, 261
7,751,794
8,397,163
4, 700, 384
8, 425, 486
1, 469, 325
6, 468, 227
1, 566, 700
9, 580, 973
1, 243,550
11, 014, 057
2, 961, 775
2, 936, 670 11, 307, 718
4.021, 350
8,421,529
6| 144, 629 12,190,159
15, 005, 579
7, 755,416
6,188, 531
15,115,185
1,049, 765
11, 277, 768
930,445
11,031, 498
11, 789,161
1,179,165
11, 791,639
1, 376,200
1,783,920
7,894,453
8, 865,001
1,428,895
3,469, 345
8, 496,305
7,545,116
2,481, 990
6,444,175
1, 817, 525
238,739,573 395, 495, 032
1, 789,176
603,580
1,951, 572
672,180
2,155, 846
489,780
2,349, 386
391, 020
2, 379, 765
542, 375
1, 849,428
463, 740
424, 740
1, 606, 657
1, 044, 715
2, 353, 600
2, 013, 264
2,596,320
1,402, 240
4, 223,350
1,537,013
2,138, 390
1, 868, 260
1,_523,597
254,198,023" 418,4067576
16,197,568
434,604,144
Increase.
Decrease.
$281,980
1, 072, 416
$1, 299, 765
3, 638, 261
1, 348,131
4, 547, 959
8, 556, 874
5,960,337
1,570, 385
642, 586
1, 984,169
2, 237,839
4, 023, 700
1,130, 039
797, 900
648,070
2, 349, 733
5, 216,312
959,306
7, 367,742
6, 615, 676
1, 608, 054
678,738
335, 830
873,246
8,264, 294
4, 834, 832
3, 301, 999
2, 271, 047
1, 423, 465
1, 686, 716
4,181, 413
338,170
2, 871, 59E
3, 341,145
3,613,673
2,424,444
6, 378, 510
5,105,037
4, 041,704
6, 576, 535
6, 009, 852
3, 571, 563
1,166, 394
2,170,533
59,560,061
3, 696, 779
6, 956,161
4, 90i; 527
8, 337, 423
8, 052,282
8, 371, 048
4, 400,179
6, 045,530
7, 250,163
8, 926, 654
10,228,003
10,101,053
10, 609, 996
10,415, 439
6,110, 533
7. 436,10S
5, 026, 960
5, 063,126
4, 626, 650
216, 315, 520
1,185, 596
1, 279, 392
1,666, 066
1, 958, 366
1, 837, 390
1, 385, 688
1,181, 917
1, 308, 88£
583, 056
2, 821,110
601, 37?
344, 663
63,910,267
228,118, 820
63,910,267
16,197,568
244,316, 388
STATEMENT
OF NATIONAL-BANK
N O T E S ISSUED, R E D E E M E D , AND OUTSTANDING, B Y DENOMINATIONS
YEAR FROM 1864 TO 1890, I N C L U S I V E .
Ones.
Twos.
Fives.
Tens.
Issued
$26,924,100
$19,708,260
Redeemed
Outstanding
"26," 924*166'
Issued
Redeemed
Outstanding
*.
I $2,020,167
1
2,020,167
$1, 346,778
"i," 346* 778"
84,796, 000
304,820
84,691,180
Twenties.
$6, 536, 920
Fifties.
$2,491, 300
19,'708, 260 '* 6," 536, 920
AND AMOUNTS, ON OCTOBER 31, IN EACH
One
hundreds.
$2,903,400
"2," 903," 400
Five
hundreds.
One thousands.
$250, 000
'"'256,606
5, 446, 500 $4,404,000 I
1,000 I
Total.
$08, 813. 980
O
" "58 '813,' 980
-3
O
S3,493, 210
195,800
53, 297,410
28, 209, 500
26, 580
28,182,920
10, 349, 700
46, 550
10, 303,150
15, 033, 600
89, 500
14, 944,100
5, 446, 500
4,403,000 I
205, 099. 455
464. 250
204, (335, 205
75, 807, 000
225,390
581*610
42, 278, 700
42,060
42, 236,640
16,473, 700
76,050
16, 397, 650
24, 657, 500
172, 700
24,484, 800
6, 669, 500
302, 500
6, 367, 000
4,728,000 I
507,000 I
4,221,000 1
294, 585, 214
1, 498, 255
293, 086. y.39
Issued
Redeemed
Outstanding .
7, 699,182
7,680
7, 691, 502
5,156, 012 111,115,620
153,175
11, 700
5,144, 312 110,962,445
Issued
Redeemed..
Outstanding
8,396,179
58,606
8, 337, 573
5, 622, 722 113,535, 300
42,356
753,855
5,580, 366 112, 781,445
77, 899, 270
510, 620
77, 388, 650
43,615,720
198, 080
43,417, 640
17, 469,850
432, 300
17, 037, 550
26,243, 600
877, 000
25, 366, 600
6, 691, 500
671,500
6,020, 000
4,728,000 I
1,563,000
3,165, 000
304. 202. 141
5,107. 317
299. O',<4, 824
8,947,798
272, 997
8,674,801
5, 990,468 115,738,140
156, 016
2,515, 095
5,834,452 113, 223,045
79, 227, 620
1, 300, 500
77,927,120
44,430, 700
759, 760
43, 670, 940
17, 775, 450
880,950
16, 894, 500
26, 766, 600
1, 598, 000
25,168, 600
6, 744, 500
909. 000
5,835; 500
4, 746, 000
1, 858, 000
2,888,006!
310.367. 2TC
10. 250' 318
3!5O. llti. 958
9, 663, 584
973, 427
8, 690,157
6,468, 392 118, 674, 740
497,538
5,146, 030
5,970, 854 113, 528,710
81,107, 820
2, 847, 390
78, 260, 430
45, 490, 040
1,496,400
43,993, 640
18, 205, 350
1, 502, 050
16,703, 300
27, 526, 300
2, 708,100
24, 818, 200
6, 838, 500
1, 347, 000
5, 491, 500
4,769,000 I
2,501,000 I
2, 268, 000 I
318. 743, 720
19, Ul8, 935
290. 724. 7L>1
Issued
Redeemed..
Outstanding
10.843,693
2, 752,688
8, 091, 005
7,256, 558 124, 376, 620
1,437,318
9, 035, 250
5,819, 240 115, 341, 370
85,118, 950
5, 060, 560
80, 058, 390
48,208, 980
2,701,960
45, 507, 020
19,180,600
2, 501,050
16, 679, 550
28, 667, 200
4, 587, 500
24, 079, 700
6, 980, 000
2,096, 000
4,884,000
4,779,000 I
3, 380, 000
1, 399, 000
335,411,601
33. 552, 326
301, 859, 275
Issued
Redeemed
Outstanding .
12, 673, 867
5,471,799
7, 202, 068
8,482,434 142,195, 820
3,114,890
17,014,975
5, 367,544 125,180, 845
98, 246, 300
9, 689, 570
88, 556, 730
56,132, 040
5, 076, 520
51, 055, 520
21, 806, 850
4, 277, 250
17, 529, 600
32, 365, 500
7, 846,100
24, 519,400
7, 326, 500
3, 078, 000
4, 248, 500
4, 843, 000
4, 028, 000
815, 000
384.072.311
59. 5;>7.1u4
324, 475. 207
Issued
Redeemed
Outstanding .
14, 297,360
7, 919,388
6,377, 972
9,565,256 159,666, 740 112. 534, 520
4, 816, 778 29,803, 335 16, 997, 020
4, 748,478 129.863,405
95,537, 500
64, 513, 760
8,777, 040
55, 736,720
24, 859, 950
6, 309, 000
18, 550,950
36, 779, 700
11, 098, 900
25,680,800
7, 810, 500
3,933, 500
3, 877, 000
4, 933, 000
4,315,000
618,000
434,960, 786
93, 969. 961
340, 990. 825
Issued
Redeemed
Outstanding .
15,526,189
9,891,606
5,634, 583
10, 390, 222 174,472, 280 125, 603, 990
6,241,446
45,709, 815
25, 730, 700
4,148, 776 128,762,4(55
99, 873, 290
72,164, 380
13, 061, 420
59,102,960
27, 987,100
8, 448, 800
19, 538, 300
41, 661, 000
14,405, 700
27, 255, 300
8, 233, 000
4, 829, 000
3,404, 000
5,158, 003
4, 530, 000
628,000
431,196,161
132,848. 487
348,347. 674
Issued
Redeemed
Outstanding
16, 550, 259
11,143, 606
5,406, 653
11, 078, 226 196,215, 680 133, 370, 760
7,110, 038 65, 208, 025
39,127,070
3, 968,188 131,007,655
94. 243, 690
79, 242.180
19,832,160
59,410, 020
33, 348. 500
11. 577. 80!)
21, 770, 700
49,250, 200
19, 657, 200
29, 593, 000
8, 657, 030
5, 838, 000
2, 819, 000
5, 250, 000
4, 683. 000
5(37,000
532,962. 805
184, 176, Sm
348, 785, 9iJti
Issued
Redeemed
Outstanding
Issued
Redeemed
Outstanding .
I
|
#75,
W
Pi
2
3
d
I—i
CO
STATEMENT OP NATIONAL-BANK NOTES ISSUED, REDEEMED, AND OUTSTANDING, BY DENOMINATIONS AND AMOUNTS, ETC.—Continued.
Ones.
Issued
Redeemed...
Outstanding
Twos.
Fives.
Tens.
Twenties.
Fifties.
One
hundreds.
$18, 048,176 $12,079, 504 $235, 275,920 $174,105, 070 $105, 921, 280 $44, 209,250 $64, 585, 800
14, 092,126
9,233,246 124, 633, 860 76,085,320 40,489, 280 19,051, 850 29, 942, 800
3, 956, 050 2,846, 258 110,642,060 98,019,750 65, 432, 000 25,157,400 34, 643, 000
Five
hundreds.
One thousands.
$9, 223,000 $5,540, 000
7, 236, 500 5, 047, 000
493, 000
1, 986, 500
Total.
$668, 988. 000
325. 811, 982
343,176, 013
Issued
Redeemed...
Outstanding
18, 851, 264
15,556, 708
3, 294,556
12, 614,896 258,917,640 200,086,520
10, 249, 092 161,910, 280 103,692,140
2,365,804
97,007, 360
121, 729,840
57, 444,920
64, 284, 920
49, 281,750
25, 789, 200
23,492,550
71, 092, 000
39, 578, 500
31, 513,500
9, 345, 500
8,108, 500
1,237, 000
5, 549, 000
5, 272, 000
277,000
747,463. 410
427, 601, 340
319, 867. 070
Issued
Redeemed...
Outstanding
20, 618, 024
16, 815, 568
3, 802,456
13,793, 936 284, 084, 240 222,660,640 135, 525,060
11,111, 052 190, 579, 340 124,347, 790 70, 470, 560
2,682, 884 93,504,900 98,312, 850 65,054, 500
53,990, 050
31, 733, 950
22, 256,100
76, 733, 700
47,931,700
28, 802,000
9,906, 000
8, 807, 500
1,188, 500
5,678,000
5. 411, 000
267, 000
823, 079, 650
507, 208, 46.)
315,871,100
Issued
Redeemed...
Outstanding
22,480,415
18,194,196
4,286, 219
15, 035,530 305,956,440 241, 572,930 146,883,340
12,053,384 213, 417,165 138, 591, 490 79,063,560
2,982,146
92,539,275 102,981,440 67,819, 780
57, 379, 900
36,411,100
20, 968, 800
81,292,300
54,185, 900
27, xO6,400
10,090, 000
9, 447, 500
642, 500
6, 214, 000
5, 900. 000
314,000
886. 904. 833
567, 264. 295
319.640.560
Issued
Redeemed....
Outstanding
23,169, 677
19, 600, 477
3, 569, 200
15,495,038 327, 892,200 259, 042, 230 157,399, 020
13,002, 540 229, 980, 380 •149,305, 990 85,146, 860
97,911,820 109,736, 240 72, 252,160
2,492,498
60, 589, 050
39, 263,150
21, 325, 900
85,074, 000
58,160,400
26,913,600
10, 270, 000
9, 643, 500
626, 500
6, 350, 000
6,057, 0(W
293, 000
945.281.215
610, K>O. -yr
335, 120. 91$
Issued
Redeemed...
Outstanding
23,169, 677
20, 875, 215
2,294,462
15,495,038 345, 659, 880 272,031,680 165,327, 960
13,887, 778 245,749,120 158,211,100 90, 096,400
99,910, 760 113, 820, 580 75, 231, 560
1,607,260
62, 694, 250
41,274, 950
21,419,300
87, 951, 000
61, 060,100
26, 890, 900
10, 366, 500
9, 742, 000
624,500
6, 373,000
6,124, 000
249, 000
989. 008. 9-?5
647,02i»,to.-;
342,048.322
Issued
Redeemed...
Outstanding
23,169, 677
21, 838, 565
1,331,112
15, 495, 038 368,062,520 864,775,190 178, 816, 340
14,572,868 267, 582,440 173,466, 350 98,099,840
922,170 100,480, 080 121,308,840 80, 716,500
67, 879, 700
44, 594, 500
23,285,200
95,973, 200
66, 020, 200
29, 953, 000
10,964,500
10,247, 500
717, 000
7,154. 000 1, 062, 290. lo,'
6, 943, 000 703, 365. 263
358, 924. 9)2
211, 000
Issued
Redeemed...
Outstanding
23,169, 677
22,353,877
815, 800
15,495,038 393,487,120 320,422,600
14, 968,280 296, 566,165 197,709,340
526, 758 96,920, 955 122,713,260
195, 035, 680
111, 434,140
83,601, 540
72, 667, 200 103, 513, 800
49,009,100 71, 913, 000
23, 658,100 31, 600, 800
11, 378, 500
10,440, 000
938,500
Issued
Redeemed...
Outstanding
23,169,677
22, 593, 909
575, 768
15, 495,038 417,236, 040 345,440,860 211, 576,920
15,141, 806 325, 712,835 227,123, 550 128,492, 760
353,232 91, 523, 205 118, 317, 310 83, 084,160
77, 801,450 111, 474,200
54, 535,150 78, 912, 500
23, 266, 300 32, 561, 700
11, 566, 500
10, 683, 500
883, 000
7,197, 000 1,142,366.615
781,383,9*2
6, 990,000
360, 982, 713
207, 000
7, 287, 000 1, 221, 047, 685
7,092, 000
870,288, 010
350,759, 675
195, 000
Issued
Redeemed...
Outstanding
23,169,677
22,671, 936
497,741
15,495,038 440, 505, 940 371,821, 020 228,841, 820
15, 206,570 355,196,785 260,501, 070 149, 635, 240
85,309,155 111, 319, 950 79,206, 580
83, 051, 500 119, 977, 000
60, 828, 650 87,454,300
22, 222, 850 32, 522, 700
11, 853, 000
10, 990, 500
862, 500
7,379, 000 1, 302,093,995
969, 641, 051
7,156, 000
332,452, 944
223, 000
Issued
Redeemed...
Outstanding
23,169, 677
22, 731, 963
437,714
15,495. 038 466,042,000 398,040, 010 246, 363,460
15,257,754 384,085,330 293,828, 720 171, 275, 940
237, 284 81, 956, 670 104,211, 290 75,087, 520
87,927, 650 128,770, 600
67, 288,100 97,192, 200
20,639, 550 31,578,400
11,947,000
11, 363, 500
583, 500
7, 379, 000 1, 385,134, 435
7, 238, 000 1, 070, 261, 507
314,872,928
141,000
3
5
Issned
Redeemed
Outstanding .
23,169,677
22,757,987
411, 690
15,495,038
15,279,612
215,426
488,336,800
405,546, 320
82,790,480
416, 959, 700
317, 672, 780
99,286, 920
258,912,360
187,957,120
70,955,240
90,759,700
72,565, 050
18,194, 650
134,202,100
105, 533,000
28, 669,100
11,947,000
11, 569,000
378,000
7,379,000
7,290, 000
89,000
1,447,161,375
1,146,170. 869
300,990,506
1887.
Issued
Redeemed
Outstanding .
23,169,677
22,776,403
393,274
15,495,038
15, 293,440
201,598
502, 277,620
425,853,955
76,423, 665
427, 627, 990
337, 999, 280
89,628,710
266,022,900
201,838, 860
64,184,040
92,481,650
76,807,150
15, 674, 500
137, 516, 600
112,745, 300
24,771,300
11,947, 000
11, 646, 500
300, 500
7,379, 000
7, 305,000
74,000
1,483, 917, 475
1, 212, 265, 883
271, 651, 587
1888.
Issued
Redeemed
Outstanding.
23,169, 677
22,783,281
15,495, 038
15,298,872
196,166
520,506,800
453,086,540
67,420, 260
442,223,330 275,754,140
364,436, 600 218,806,920
77, 786, 730 56,947, 220
94,893, 350
81,230,400
13, 662,950
142, 217, 600
119,872,000
22,345, 600
11,947, 000
11,706,500
240, 500
7, 379. 000
7,320,000
59,000
1,533,585 935
1, 294,541,113
239, 044, 822
O
23,169,677
22,794,643
375,034
15,495,038
15,306,858
188,180
532,659,620
476,027, 775
56,631,845
451,361,990
386, 221,110
65,140,880
281,804,220
232,686,320
49,117,900
95,997,250
84,750, 700
11,246,550
144,384,000
125,601,800
18,782,200
11,947,000
11, 737,500
209,500
7,379,000
7,327, 000
52,000
1, 564 197, 795
1,362,453,706
201,744, 089
O
Issued
Redeemed
Outstanding.
23,169, 677
22,800, (tBl
369,616
15,495,038
15, 311,146
183,892
544,788,840
494,308,190
50,482,650
461,240,000
403,621,260
57, 618, 740
288,323,560
244,251,900
44,071,660
97,468,100
87.709,800
9,758,300
147,273,300
130,537 200
16,736,100
11,947, 000
11, 764,000
183, 000
7,379,000
7,333,000
46,000
1, 597, 084, 515
1,417, 634. 557
179,449, 958
1891... Issued
Redeemed...
Outstanding.
23,169,677
22,802,625
367,052
15,495,038
15,313,292
181, 746
561,426,260
511,284, 975
50,141, 285
474,952, 880
421,173,990
53, 778, 890
297,355, 680
256,301,380
41,054, 300
99,848,700
90,406,400
9,442, 300
151,976,100
135,172, 500
16,803,600
11,947,000
11, 779, 500
167.500
7,379,000
7,337,000
42, 000
1,643, 550,335
1,471,571,662
171,978,673
1889... Issued
Redeemed..
Outstanding
1890.
[NOTE.—First issue Dec. 21,1863; first redemption Apr. 5,1865.]
w
o
o
W
a
a
3
a
140
REPORT OF THE COMPTROLLER OF THE CURRENCY.
S T A T E M E N T OK N A T I O N A L G O L D B A X K N O T K S 1SSUF,I>, R K D K K M K D , A N D O U T S T A N D I N G
< >< i«>I;I:I; Ml, 1*!>1.
Issued.
Fives
Tens
Twenties
[Fifties
One hundreds
Five hundreds,
One thousands
Total
Unredeemed fractions
ltedecmed. Outstanding.
$364,140
746,470
722, 580
404,850
809,700
342, 500
75,000
$342, 055
714, 910
690, 740
394.700
791,100
340, 000
75, 000
$22, 085
31, 560
31, 840
10,150
18,600
2,500
3, 465,240
3, 348, 505
102
116, 735
102
3,348,403
116, 837
Total .
STATEMENT OF NATIONAL BANK NOTES ISSUED DURING THE YEAR ENDED OCTOBER 31, 1891, WITH THE TOTAL AMOUNT ISSUED, REDEEMED, AND OUTSTANDING.
Issued dur- Total issued Total issues to Total redemptions Circulation
ing the
previous
outstanding
Oct. 31,1891.
Oct. 31, 1891.
year.
years.
Oct. 31, 1891.
Denorain ations.
Ones
Twos
Fives
Tens
Twenties
Fifties
One hundreds
Five hundreds
One thousands
$23,169, 677
15, 495, 038
$16,637,420 544,788, 840
13,712,880 461, 240, 000
9, 032,120 288, 323, 560
2, 380, 600 97,468,100
4,702,800 147,273, 300
11,947, 000
7, 379, 000
$23,169,677
15,495,038
561,426, 260
474, 952, 880
297, 355, 680
99, 848,700
151, 976,100
11, 947.000
7, 379, 000
$22, 802,625. 00
15, 313,292. 00
511, 284,975.00
421,173, 990. 00
256, 301,380. 00
90, 406,400. 00
135,172, 500.00
11, 779,500. 00
7,337, 000. 00
$367, 052. 00
181, 746.00
50,141, 285. 00
53, 778, 1.00
41, 054,300. 00
9,442, 300. 00
16, 803,600. 00
167, 500.00
42, 000. 00
Total
46,465,820 |l, 597,084, 515 1, 643, 550, 335 1, 471, 571,662.00 171, 978, 673. 00
TJnpresented fractions of notes to be deducted from notes redeemed
and added to amount of currency outstanding
26, 288. 75
26, 288.75
Total
1,471,545,373.25
172, 004, 961. 75
REPORT OF THE COMPTROLLER OF THE CURRENCY.
141
TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES, EXHIBITING- THE NUMBER
OF BANKS IN EACH, CAPITAL, BONDS ACTUALLY HELD ON SEPTEMBER 25, 1891,
MINIMUM AMOUNT OF BONDS REQUIRED BY LAW, AND THE EXCESS OF BONDS ON
SEPTEMBER 25, 1891, AND OCTOBER 2, 1890.
U n i t e d States bonds.
States, Territories, and
Reserve Cities.
No. of
banks.
Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut
Division No. 1
Capital.
78
52
50
207
56
59
84
$10,935, 000
6, 305, 000
7, 210, 000
45, 485, 275
51, 800, 000
20, 277,050
23, 274, 370
586
165, 286, 695
New York
New York City
Albany
Brooklyn
New Jersey
Pennsylvania
Philadelphia
Pittsburg
265
49
6
5
95
298
43
26
32, 984, 060
50, 861, 970
1, 550, 000
1, 352, 000
14, 318, 350
37,462, 390
22, 888, 395
10, 900. 000
Held September 25,1891.
Minimum
required.
Excess of bonds.
September
25,1891.
October 2,
1890.
$3, 805,150
2, 912, 000
2, 942, 500
15, 234,450
4,425, 000
4,316, 250
5, 776, 000
$2, 058, 750
1, 551, 250
1,490, 000
8, 231, 875
2, 800,000
2,437, 500
3, 418, 325
$1, 746, 400
1, 360, 750
1,452, 500
7,002, 575
1, 625, 000
1, 878, 750
2, 357,675
$2, 015, 500
1,430, 750
1, 319, 250
5, 964, 775
941.500
1, 087, 000
1, 747,175
39,411,350
21, 987, 700
17, 423, 650
14, 505, 950
7, 333, 665
2, 437,500
300, 000
250, 000
2, 889, &87
8,200,598
2,137, 500
1, 275,000
6, 380, 785
4, 416, 500
100, 000
292, 000
1, 336,413
3,277,452
3,543, 000
155, 000
6, 544, 660
2. 072, 500
13, 714, 450
6, 854, 000
400, 000
542, 000
4, 226, 000
11,478, 050
3, 680, 500
1,430, 000 1
493, 000
1, 331, 912
3, 464, 633
350, 000
290, 500
Division No. 2
787
172, 317,165
42, 325, 000
24,823, 850
17, 501,150
14, 547, 205
Delaware
-.
Maryland
Baltimore
District of Columbia
Washington
Virginia
West Virginia
18
43
22
1
12
36
23
2,133,985
3, 517, 500
13, 238, 965
252,000
2, 575, 000
4, 546, 300
2, 454, 000
740, 000
1, 311,000
1,200,000
250, 000
650,000
1,393,750
703, 750
455, 200
866,450
1,100,000
50, 000
575, 000
947, 750
612,000
284, 800
444, 550
100,000
200, 000
75, 000
446, 000
91, 750
309,800
316, 302
20, 000
200, 000
75,000
241, 000
65, 000
Division No. 3
155
28,717,750
6, 248, 500
4, 606, 400
1,642,100
1, 227,102
22
14
32
17
29
13
11
10
206
10
71
10
53
2, 691,500
1, 623, 000
4,418,350
1,200,000
4,204, 000
1,165, 000810, 000
3,625,000
24, 833,100
1, 600,000
10, 397, 270
4,901,500
10,380,000
725,250
468,750
1, 061, 750
355,000
1,202, 000
353,750
202, 500
850, 000
4, 885, 050
310,000
2, 888, 000
500, 000
1,489, 000
637, 625
393,250
910, 250
300, 000
841, 000
291, 250
202, 500
500, 000
4, 830,700
300, 000
2, 308,225
500, Of 0
1,476/250
87, 625
75,500
151,500
55, 000
361, 000
62, 500
143, 250
250
120,250
55, 000
372,250
56, 250
2, 500
400,000
134,823
14,922
439, 775
498
71,848,720
15,291,050
13,491,050
1,800, 000
13, 050
1, 802, 320
214
13
10
100
181
21
99
8
69 •
3
26,492,850
, 9,100,000
8, 050, 000
*12,477, 000
16, 376, 000
20, 600, 000
10, 919, 600
4, 4Q0, 000
6,133, 000
850,000
7,849,850
740, 000
675, 000
4,067, 550
4, 956, 000
1,200, 000
2, 555, 500
400,000
1, 594, 250
250,000
5, 862, 212
650, 000
500, 000
2, 786,750
4,000,250
1, 050; 000
2, 354, 750
400,000
1,477, 500
150, 000
1,987, 638
90, 000
] 75, 000
1, 280, 800
955, 750
150,000
200,750
2,129, 615
190,000
175, 000
1. 448, 050
1, 009, 798
150, 000
285, 000
116,750
100,000
78. 000
20, 000
718
115, 398,450
24,288,150
19,231,462
5, 056, 688
5, 485, 463
147
4
51
5
6
59
9
11
4
147
130
9
12,760,000
700,000
5,142, 000
4,800,000
4, 840,000
4,670,000
10. 650, 000
7, 800, 000
2, 000, 000
13, 011, 990
9,253,100
4, 000, 000
3,183, 750
150,000
1,127, 300
300,000
300, 000
1, 207, 800
450, 000
550,000
300, 000
2,967, 750
2, 363,750
.425,000
2, 876, 250
150, 000
1, 050,000
250, 000
300, 000
1,160,000
450, 000
550,000
175, 000
2, 860, 525
2, 260, 775
425,000
307,500
309, 750
77, 300
50, 000
107,300
50, 000
47,800
85, 250
125, 000
107,225
102, 975
25, 000
]*)7, OCO
62,450
582
79,627,090
13, 325, 350
12, 507,550
817,800
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee
Division No. 4
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Division No. 5
Iowa
Des Moines
Minnesota
St. Paul
Minneapolis
Missouri
St. Louis
Kansas Cil y
St. Joseph
Kansas
Nebraska
Omaha
Division No. 6
350,000
54, 350
10, 000
579,775
so,ooa
12,750
746,750
m
142
REPORT OF THE COMPTROLLER OF THE CURRENCY.
TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES EXHIBITING THE NUMBER
OF BANKS IN EACH, CAPITAL, ETC.—Continued.
United States bonds.
States, Territories, and No. of
Reserve Cites.
banks.
Held September 25, 1891.
Minimum
required.
Excess of bonds.
September
25,1891.
October 2,
1890.
49
2
34
2
40
3
$8,640,000
282, 000
5, 925, 000
2, 500,000
4,275,000
200,000
$1,652, 750
70,500
1,431,250
100, 000
778, 550
50,500
$1, 285, 000
70, 500
1,131, 250
100, 000
768,750
50,000
$367,750
$97, 750
300,000
87, 500
9,800
500
19, 925
130
21,822, 000
4, 083, 550
3,405,500
678,050
205,175
33
42
8
32
12
13
64
12
3
2
2,290,000
2,785,000
575, 000
4,604,000
1,115,000
2,750,000
6,555,000
1, 385,000
200,000
150,000
581,500
699, 750
144,050
880, 850
365,000
462,500
1,529, 000
312, 500
50,000
37,500
566, 250
696, 250
143, 750
863, 500
285,000
450, 000
1,475, 725
312, 500
50,000
37,500
15, 250
3,500
300
17, 350
80, 000
12, 500
53, 275
15,250
19, 500
5,300
64,350
27, 500
22, 500
28,320
8,750
221
22,409,^)00
5, 062,650
4,880,475
182,175
201,470
.**... 3,677
677,426, 870
150, 035, 600
104, 933, 987
45,101,613
38, 721, 435
Colorado
Nevada
.. .
California
San Francisco
Oregon
Arizona
Division No. 7 . . . .
North Dakota
South Dakota
Idaho
Montana
New Mexico
TJtah
Washington
Wyoming
Oklahoma
Indian Territory
Division No. 8 . . . .
United States
Capital.
10, 000
REPORT OF THE COMPTROLLER OF THE CURRENCY.
143
TABLE, B.Y STATES, TERRITORIES, AND RESERVE CITIES, EXHIBITING THE NUMBER
OF BANKS IN EACH, WITH CAPITAL OF $150,000 AND UNDER, FOR THE YEARS 1890
AND 1891, AND THE INCREASE OR DECREASE IN BANKS AND CAPITAL DURING THE
INTERVAL.
October 2, 1890.
States, Territories, and
Reserve Cities.
Maine
..
New Hampshire
"Vermont
Massachusetts
Boston
Hhode Island.
Connecticut
No.
Capital.
September 25,1891.
No.
Capital.
Capital.
63 $5,310,000
4, 530, 000
43
3, 695,000
39
95 "10,777,500
63 $5, 235, 000
44
4,605,000
39
3, 760, 000
97 •10,927,500
24
34
2, 657,000
3, 673, 300
23
34
2, 550, 000
3, 673, 300
298
30,642, 800
300
30, 750, 800
3
210
1
19,005,160
150,000
213
1
18, 934, 660
150,000
3
64
219
1
1
5,498, 350
19,138, 670
150,000
100,000
65
235
1
1
5,558, 350
20,142, 390
150,000
100,000
1
16
60,000
1, 003, 720
496
44, 042,180
516
45,035,400
20
1, 063, 720
14
37
1, 020, 800
2,688, 790
14
40
1,020,800
2, 865,800
3
177,010
1
24
18
100,000
1,881,000
1, 570,000
1
28
19
100,000
2,191, 000
1, 648,000
4
1
310, 000
78, 000
Division No. 3
94
7,260,590
102
7,825, 600
8
565, 010
North Carolina
South Carolina
Georgia
Florida
.Alabama
Mississippi
..
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee
Division No. 4
15
13
24
15
21
12
8
1,306,000
1,148,000
1, 991,000
1,150,000
1,619,000
1,140, 000
500,000
16
11
23
17
20
13
10
1,341,000
973,000
1,841,000
1, 200,000
1, 529,000
1,165, 000
610,000
1
35, 000
2
50,000
1
2
110, 000
164
6
43
12, 506,910
530, 310
4,277,900
178
7
48
13,673,100
600,000
4, 572, 270
14
1
5
1,166,190
69, 690
294, 370
--
Division No. 1
New York
New York City
.Albany
Brooklyn New Jersey
Pennsylvania
Philadelphia
Pittsburg
Division No. 2
....
s.
Delaware
Baltimore
District of Columbia
Washington
Virginia
...
West Virginia .
i.
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Division No. 5
Iowa
Des Moines
Minnesota
St. Paul
Minneapolis
Missouri
St. Louis
Kansas City
St. Joseph
Kansas
Nebraska
Omaha
Division No. 6
Decrease.
Increase.
No.
No.
Capital.
$75, 000
1
2
$75, 000
65 000
150, 000
290,000
1
107,000
1
182,000
70, 500
I
25,666
37
2, 678,800
38
2, 905,000
1
226, 200
358
28,847,920
381
30,409, 370
27
1.976,450
168
14,316,940 ! 168
14,248,850
79
160
7, 072, 000
12, 29., 810
80
163
12,401, 000
89
7,114, 000
87
7, 019, 000
59
4, 415,000
63
555
45, 214,750
132
9,420, 000
42
7,147,666
70,500
1
%
2
1
175,000
150,000
1
90,000
4
415,000
68,090
1
3
75, 000
104,190
4, 683, 000
4
268,000
561
45,498,850
8
447,190
9,660, 000
200,000
2, 767,000
6
2
2
240,000
200,000
2, 770, 000
138
2
44
55
3, 765, 000
55
3,820,000
1
347
122
1
100, 000
10, 209,000
7, 655, 000
100,000
1
138
125
1
100,000
9,611,990
8,043,100
100,000
3
388,100
500
34,019,000
504
34,302,090
13
883,100
2
95,000
2
163,090
3,000
55, 000
9
597,010
9
600,010
144
REPORT OF THE COMPTROLLER OF THE CURRENCY.
TABLE, BY STATES, TERRITORIES, AXD RESERVE CITIES, EXHIBITING THE NUMBER
OF BANKS IN EACH, WITH CAPITAL OF $150,000 AND UNDER, ETC.—Continued.
States, Territories, and
Reserve Cities.
Colorado
Nevada
California
San Francisco
Ore°on
Arizona
Division No. 7
North Dakota
South Dakota
Idaho
IVtontana
New Mexico
Utah
Wyoming
Oklahoma
Indian Territory
Division No. 8
United States
October 2,1890.
No.
Capital.
Increase.
September 25,1891
No.
Capital. •
No.
Capital.
33
1
22
$2,215,000*
82,000
2,125, 000
35
1
22
$2, 340, 000
82,000
2,125, 000
2
$125, 000
34
2
2, 025, 000
150,000
35
3
2, 075, 000
200, 000
1
• 1
50,000
50, 000
92
6, 597, 000
96
6,822, 000
4
225,000
28
38
7
21
8
6
44
9
3
2
1,775, 000
2, 345,000
400,000
1 715 000
800,000
660 000
3,426, 720
735, 000
200, 000
110,000
32
41
8
24
11
7
53
10
3
2
2, 040,000
2, 585,000
575, 000
1 854 000
940, 000
600 000
3, 702, 900
835,000
200,000
150,000
4
3
1
3
3
1
9
1
265,000
240, 000
175, 000
139 000
140,000
166
12,166 720
191
13,481, 900
25
1,375,180
2,559 208,790,960 2,651 214,126, 010
108
6 825 650
Decrease.
No.
Capital.
!
.-
$60 000
276,180
100,000
40,000
60, 000
"I«
1,490, 600
REPORT OF THE COMPTKOLIJOIJ OF THE CURRENCY, 145
TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES, EXHIBITING THE NUMBER
OF BANKS IN EACH, WITH CAPITAL KXCEKDLNMJ ^150,000, FOR THE YEARS 1890
AND 1891, AND THE INCREASE OR DECREASE IN BANKS AND CAPITAL DURING
THE INTERVAL.
States, Territories, and Reserve Cities.
Main ft
New Hampshire
October 2, 1890.
No.
15
8.
12
109
56
35
50
"Boston
Uhoci© Island
Capital.
$5, 700, 000
1, 700,000
3, 650, 000
34,390, 000
51,800, 000
17,527,050
20,101, 070
285 134,868,120
Division No. 1
51
46
6
5
30
59
44
25
New York
New York City
TJToolclvn
Philadelphia
13, 874, 400
48, 0,r ), 000
1, 545, 050
1, 352, 000
8, 760,000
16, 500, 000
23,658, 000
10, 760, 000
266 125, 399, 450
Division No. 2
T> 1
M^arvland
.Baltimore
District of Columbia
"Washington
"Virginia
' -"West Virginia .
Division No. 3
North Carolina
South Carolina
September 25,1891.
No.
15
8
11
110
56
36
50
Capital.
Increase.
No.
Decrease.
Capital.
$5,700, 000
1,700,000
3,450, 000
34,557, 775
51,800,000
17,727,050
19,601,070
1
$167,775
1
200,000
286 134,535,895
2
367, 775
1
2
175,000
1,761,970
4,950
4
820,000
52
48
6
5
30
63
42
25
14,049,400
50, 711, 970
1, 550, 000
1, 352, 000
8, 700, 000
17, 320, 000
22, 738, 395
10,800,000
271 127, 281,765
4
3
19
1
10
8
3
1,113,185
651,700
12,313, 260
252, 000
2,275,000
2, 355, 300
606, 000
22
1
11
8
4
1,113,185
651,700
13, 238, 965
252, 000
2,475,000
2,355,300
806, 000
48
19,566,445
53
6
3
6
1,350,000
650, 000
1,915,000
6
3
9
9
2, 675, 000
9
2, 675,000
1
10
25
3
23
10
14
200, 000
3,625, 000
9,720,350
1, 000, 000
5, 925, 000
4, 651, 500
7, 094, 440
1
10
28
3
23
10
15
200, 000
3, 625, 000
11,160,000
1,000,000
5, 825, 000
4, 901, 500
7,475, 000
11.0
38,806, 290
117
42
13
10
21
13
19
13
8
6
3
11,339, 000
8,900, 000
7, 402, 350
5, 580, 000
2, 825, 000
16,100, 000
4, 000, 600
4,400, 000
1,350, 000
850, 000
46
13
10
20
18
21
12
8
6
3
148
62, 746,950
7
1,900,000
6
6
6
2
8
10
3
12
4
8
72
4
No.
1
Capital.
$200,000
500, 000
1
700,000
2
919,605
2
919,605
40, 000
7
2, 801,920
3
925,705
1
200, 000
1
200, 000
20, 892,150
5
1, 325, 705
1, 350, 500
650, 000
2, 577, 350
3
662, 350
3
1,439, 650
1
250, 000
380,560
41,439,350
7
2,733,060
12, 244, 000
9,100, 000
8, 050, 000
5,330,000
3, 975, 000
20, 600. 000
3,900, 600
4,400, 000
1,450, 000
850,000
4
905, 000
200 000
647,650
5
2
1.150, 000
4, 500, 000
157
69, 899, 600
11
7, 502, 650
3,100, 000
500,000
2, 375, 000
4, 800, 000
4, 840, 000
850, 000
10, 650, 000
7,800,000
1, 900, 000
3. 400, 000
1, 210, 000
3, 900, 000
o
2,175, 000
5, 200, 000
4, 500, 000
400,000
9, 700, 000
7,300,000
1, 895,670
3,700, 000
900, 000
3, 900, 000
9
2
7
5
6
4
9
11
3
9
5
8
1, 200, 000
500, 000
200, 000
......
1
1
340, 000
450, 000
950,000
500,000
4, 330
1
310,000
41,570, 670
78
45, 325, 000
10
4, 454, 330
500
Florida
!Mi ssissi"DT)i
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee
Division No. 4
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Division No. 5
Iowa
- .- --Des Moines
Minn esota
St Paul
Minneapolis
Missouri
.- .
Kansas City
St JOSGDII
Kansas
Omaha
Division No. 6
11167
10
100,000
100, 000
1
250, 000
1
100, 000
2
350,000
1
400, 000
3
300, 000
4
700,000
100, 000
146
BEFORT OF THE COMPTROLLER OF THE CURRENCY.
T A B U S , mt S r ^ t E S , TERRITORIES, AND R E S E R V E C I T I E S , E X H I B I T I N G T H E N U M B E R
OF BANKS IK EACH, WITH CAPITAL EXCEEDING $150,000, ETC.—Continued.
Statee, Territories, and Res e t s Cities.
Colorado
Nevada.................
California.«w. J. . .-.«
San Francisco
Arizona
October 2, 1890. September 25,1891.
No.
Capital.
13 $5,150, 000
1
200, 000
13 3. 850, 000
2 2, 500, 000
3
950, 000
No.
Capital.
Increase.
No.
Capital.
14 $6,300,000
1
200,000
12 3,800,000
2
2,500,000
5 2, 200, 000
1
$1,150,000 •
2
1,250, 000
3
2,400, 000
Decrease.
No.
Capital.
1
$50,000
1
50,000
10
2,819,605
...
Division No. 7
Uorth: Dakota
South Dakota
Idaho.......
"M^OTltHUlft
New Mexico
tJtab
W^yarning-........... ..
Oklahoma
tndiftifc Territory. . , - . . „ DivisionNo.8
United State*
32
12, 650, 000
34
15, 000,000
1
1
223,350
200,000
1
1
250,000
200,000
4
1
4
7
2
1,000,000
175, 000
1, 400,000
1,900, 000
550,000
8
1
6
11
2
2,750, 000
175,000
2,150, 000
2, 852,100
550,000
20
6,048,350
30
8,927,100
10
2,878, 750
981 441,656,275 1,026 463,300,860
55
24,464,190
26, 650
4
1,150, 000
2
4
750, 000
952,100
REPORT OF THE COMPTROLLER OK THE CURRENCY.
147
CLASSIFICATION OF TIIK LOANS AND DISCOUNTS OF THE NATIONAL BANKS I N THE
R E S E R V E C I T I E S AND IN THE STATES AND T E R R I T O R I E S ON S E P T E M B E R 25, 1891.
Cities, States, and
Territories.
No. of
jbanks.
On deOn time,
On de- mand, with with U.S.
On paper imand, with U.S.bonds,
bonds,
On paper with one or
other
other
ith
i l
withsinglejmore
indors- m o r e inb o n d s, bonds,
name, | ers, otherdorsers, stocks, or stocks, or
unsecured. | wise unse- otherwise collaterals, collaterals,
cured. unsecured. as secur- as secur-
ity.
Total.
ity.
New York City
Chicago
St. Louis
Boston
Albany
Brooklyn
Philadelphia
Pittsburg
Baltimore
"Washington
New Orleans
Louisville
Ciiiciniui ti
Cleveland
Detroit.,
Milwaukee
Des Moiues
St. Paul
Minneapolis
Kansas City
St. Joseph
Omaha
San Francisco
Total of cities
343, 639
911,350 2,598, 504 ^21,801, 257
Maine
1, 004, 929 1, 631, 733 1,529, 096 11, 072,695
New Hampshire
961, 438
549, 871 1, 781, 054 14, 021,599
Vermont
3, 221, 955 7, 614, 676 14,204, 924 105,842, 992
Massachusetts
431, 211 1, 727,214 6, 646, 650 36,590,414
Rhode Island
1, 392, 735 3, 793, 496 6, 565,459 47, 713, 209
Connecticut
3,341,381 4, 412,571 7,090, 510 100,125,119
New York
1, 236, 947 7, 418,122 4, 747, 521 49,133,124
New Jersey
2,632,754 1, 995, 745 11, 395,444 104, 765,732
Pennsylvania
26, 700
465,068
5, 508,812
590,421
Delaware
802, 810
191,945 1,085, 038
9, 654, 589
Maryland
98, 510
623, 695
196, 821
District of Columbia ..
422, 862 1,177, 612 2, 372,002 15, 583, 880
Virginia
38, 225
44,355
414, 218
6,514,405
West Virginia
360, 990
188,160 1, 368, 062 7, 023,005
North Carolina
36, 043
369, 949 2, 775, 788
6,456, 408
South Carolina
181, 047 1, 257, 733 2, 580, 886 10,372, 268
Georgia
93, 223
53, 201
490, 859
3, 784,039
I^lorida
158, 486
842,184 2, 468, 230
8,413,095
Alabama
128, 803
227, 397
699,179
2,851,027
Mississippi
23, 395
108, 079
327, 904
1, 899, 877
Louisiana
1,115, 533 1,340,177 10, 586, 642 44,591,586
Texas
445
268, 042 1,192, 283
3, 599, 547
Arkansas
710,309
336,182 2, 941, 594 19, 935, 037
Kentucky
373, 923 2, 458, 322 3,876, 876 23,101,437
Tennessee
1, 835,096 1, 781, 600 8,134, 802| 67, 516, 438
Ohio
2, 226, 289 541, 477 3, 485, 392| 33, 290,553
Indiana
2, 703, 213 2, 024, 452 6, 697, 829 50, 507,246
Illinois
812, 906
775, 471 3,147,944 33,105,550
Michigan
892, 720
305, 017 2, 612,019 22, 599, 530
Wisconsin
1,142, 507 1,112, 036 6, 881, 380 34,057,516
Iowa
494,408
334,417 3, 010, 624 14, 805,031
Minnesota
194,469
117, 635 1,415, 914
9,477, 325
Missouri
119, 283
313,745 8, 563, 328 23, 221,588
Kansas
413,043
325, 936 5, 238, 927 21,308,498
Nebraska
881,
1, 383, 067 4, 592, 420 24, 769, 887
Colorado
334,402
623,959
100,841
32, 252
Nevada
1, 800. 806 2, 357, 987 3,137, 751 14,865, 207
California
543,
232
549,
238
11,282,
325
1,
937,
703
Oregon
11, 904
222,955
21,395
36, 395
Arizona
42,106
100,
322
5,
540,
204
3, 579,090
North Dakota
60, 997
4, 814,823
325, 762! 2, 206, 673
South Dakota
166, 946
1, 316, 720
43, 286|
230, 259
Idaho
526, 220
433, 830 1, 919, 855 14, 589, 428
Montana
53, 677
2,469,110
498, 713
98, 910
New Mexico
4,792, 230
201,582 1, 363,553
Utah
596, 843 1, 315, 084 2, 776,195 14, 579, 368
Washington
3,186, 540
834,484
88, 019
6,119
Wyoming
199,450
48,506
Oklahoma
194,474
35,784
14, 200
Indian Territory
35, 679, 262 54, 065,103162, 943,757 1,074,914,803
Total of country banks
Digitized forUnited
FRASER
3,677 281,453, 347 1,068,922, 313 58,435, 258 266,281,195 314,262,127 1,989,354,240
States
49 $25, 125.313 $116,957,046 $2, 925,418!$113,787,196 $42, 783, 829 $301,578,802
21; 17, 937, 791
34, 889, 300 3,704,939 13,525,6381 17,508,229
87,565,897
14, 617,141
27,864,107
91 2, 093,451
558, 571 3,999,711!
„, .,.,„, , ^ 6,595,233
70, 279, 920 6,206,254 26,011,674 22, 656,154 146,592, 345
56 21, 438, 343
392,
867
4,
593,
380!
504,524
9,491, 712
6i
418, 229 3, 582. 712
451, 000
8,612,712
3, 894, 967 172, 075 3, 373| 729 720, 941
5!
437,232
17,989,
375
92,187,
973
37, 721, 244 1, 473. 653 16, 566, 469
43! 18,
24, 532, 342
" '' 944
~ '' 4, 699, 279 6, 526, 501 37,902, 372
744,
26i 1, 399, 306
699,989
4,
865,
778
31,292,615
13, 817, 395
928, 023 4, 981, 430
22i 6.
39,950
7,363, 297
4, 557, 630 118,132 2, 058, 736 588,840
12!
945, 80l|
15, 096,196
6, 424, 939
36, 404 3,150, 907 4,538,145
771, 685
5,191,839
958,855 4,401, 236 11,325,090
1, 475
422, 260
14, 350, 794
897,130 3,512,139 4,038,149 28, 220,472
634, 531
13, 870, 705
654, 423 2, 704, 099 2, 201, 744 21,065,502
649, 937
10,871,193 1, 009, 874 1, 398, 311 1,154, 795 16,084,110
513, 775
544, 516
5, 201, 386
3, 251,113
891, 982
476,278
485, 323
2,130,590
1,102,850 """41," 517
24, 616
507, 948
5, 071, 902 110, 832
813,278 1, 564, 510 13, 068,470
604, 372
5, 981, 916 647,465
579, 217 1,695,922 12, 508,892
346, 517
5,485, 335
438,005 1, 289, 224 6,296, 689 16, 855, 770
2G8, 524
917, 372
5,126, 241
2, 462, 630 237,511
240, 204
697, 649
5, 404, 355
25,200
509, 765 2,519, 525 11,156,494
186, 271
221,040
6,148,392
778, 238 1, 405, 922 3, 556, 921
344:122,040,791) 406,108,180 227755, 996 212, 216, 092 151,318, 370 914,439,437
148
REPORT OK THE COMPTROLLER OK THE CURRENCY.
T A B L E , B Y STATUS, T E R R I T O R I E S , AND R E S E R V E C I T I E S , E X H I B I T I N G T H E AMOUNT O F
EACH KIND OE C O I X AND C O I N C E R T I F I C A T E H E L D BY T H E NATIONAL BANKS ON
OCTOBER 4, 1888, S E P T E M B E R 30, 1889, OCTOBER 2, 18(J0, AND S E P T E M B E R 25, 1891.
OCTOBER 4, 1888.
States, etc.
Gold coin.
Silver coin.
Gold
Gold
Silver
TreasclearingTreasu r y cer- house cerury cerDollars.
Fractional.
tificates. tificates.
tificates.
Total.
Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut
$608,811.76
272,931.70
324, 242. 49
2, 075,139.18
3, 99"), 172. Oil 6,
399, 863. 35
1,288, 182.11
$8,400
7,780
7, 600
239. 520
619, 800
67,670
182, 770
71,483
40, 823
315,188
108,687
59 372
134^ 863
$28, 894. 91
28, 661, 80
28, 023.36
200, 543.74
81,047. 76
44, 740. 69
103, 636. 67
Division No. 1..
New York
New York City ..
Albany
....
8, 964, 342. 68 7,133,540
766, 504
515, 548.93 1,063, 845 18, 443, 780. 61
3,489,057.48 1,216, 790
7,138, 669. 5064, 305,120
402, 960. 50 535, 700
1,091,490.5!
309, 470
3, 748, 764. 42 284,160
2, 264, 915. 00 172,450 $8,890 000
2,130, 858. 70 823,100
385,126 266, 313. 30
255, 317 5, 612, 603. 78
362,233 219, 845. 64 1, 771, 348 73,797, ] 9(5.14
18, 500
8,171.00
14,000
979, 331. 50
194, 805 107, 949. 01 171, 323 1, 875, 037. 60
541,141 251,439.41
191,152 5, 016, 656. 83
346,946 169, 237.19
548,152 12,391,700.19
154,299
38, 003. 53
94,708 3, 240, 969. 23
New Jersey
Pennsylvania
Philadelphia
Pittsburg
$35, 303
$717,497. 67
16, 432
397, 288. 50
5,045
405, 733. 85
140,162 2, 970, 552. 92
693, 321 11, 498, 027. 85
87,102
658, 748. 04
86,480 1, 795, 931, 78
Division No. 2.. 20, 206, 716.19 67, 646, 790 8,890, 000 2, 003, 030 1, 060, 959. 083, 046, 000 102, 913, 495. 27
Delaware
131,453.50
Maryland
322, 302.12
Baltimore
1, 385, 293. 50
District of Columbia..
96, 471. 00
Washington
201,783.00
394, 598. 00
Virginia
225, 096.13
West Virginia
22. 640
44,180
468, 680
116,500
531,040
9,480
10,400
Division No. 3.. 2, 756, 997. 2." 1, 202,920
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee
160, 598.
108, 983.
144, 273.
39, 353.
306, 792.
64, 869
12, 480.
123, 412.
481, 531
33, 175.
389, 062.
290, 748.
392, 423.
Division No. 4 . . 2, 547, 730. 69!
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
2,422, 423
369, 097.
729, 780.
1, 729, 041.
1, 972, 5029, 757, 108.
1,154, 512.
972, 174.
785, 011.
455, 377.
55,
3.
19,
4,
4.
127,
139,
14.
41,
1,
1.17,
Division No. 6.
1, 240,
1, 794.
220,
487.
1, 054,
89,
967,
595,
881,
7, 332, 326. (57
177,025.81
50, 873
63, 841
191, 526
46, 468
52, 607
32,122
26, 565
114,592
416, 152
25, 523
67, 570
43, 630
215, 062
17, 418.
19,142.
24, 005.
16, 552.
13,180.
8, 503.
16, 668.
61, 523.
49, 749.
7, 572.
15, 984.
5, 022.
39, 858.
529, 290
II, 346, 531
292.
60,
39,
205,
247,
215,
135'
45,
93,
20,
i,080
s880
i, 000
000
2TA, 200
50, 260
24, 260
15, 960
32, 950
29, 751.
35, 612. 29
39, 337.36
5, 260. 50
14, 974.50
42,127. 05
9, 963.02
341,497
146,640
271,000
180, 000
113,250
198,920
!, 426, 750
29,340
5, 960
12, 300
100,000
Division No. 5.. 20, 347, 939. 72 3,484,160
Iowa
Minnesota
Missouri
St. Louis
Kansas City
St. Joseph
Kansas
Nebraska
Omaha
46,450
69, 251
101,058
4, 060
13,165
87, 756
19,157
37, 894
65,154
249,872
6, 980
192,624
84,470
8, 309
268,188.59
536, 499. 41
2,244,840.86
229, 271. 50
953,586.50
618,431.05
272, 925.15
645, 303
5,123,743.06
228, 899.10
10
200, 948. 05
8,562
531, 923. 66
116,619
107, 338. 39
1, 385
437, 392. 36
45,293
149, 680.15
40,185
136, 949. 05
76,730
933, 120. 85
505, 643
218, 363 1, 305,386.15
120, 750.10
40, 210
550, 901.69
36, 895
342, 300.75
1, 400
713. 85
72, 270
295,181.46 1,163, 571 5,882, 304.15
116, 657. 86
11, 671.75
14, 904. 91
62, 733.
104, 820. 92
254, 807.10
45, 064.67
53, 500.36
46, 524. 54
9, 040.00
45, 973 3, 023, 827. 66
869, 721. 25
156,500
988, 826.41
25,000
40, 37t 2,150, 521. 51
98,558 2,621,931.42
416, 725 13, 071, 241. 60
20,575 1, 385, 425. 60
12, 535 1, 089, 554. 86
949, 014. 41
11,371
593,184.00
8,534
jl, 355, 276 719, 726.00
836,147 26, 743, 248. 72
74, 774. 07
91, 569. 40
8, 621. 51
7, 878.00
38, 738. 97
3, 668.70
48,451.10
22, 980. 85
28,685.12
58, 790
12,160
8,587
92,400
87,120
26, 327
63, 947
32, 582
11, 540
1, 626,264. 65
2,169, 216. 64
281, 414. 51
962, 497. 00
1,504, 628. 47
174, 373.70
1, 238,505. 90
736, 498. 30
1, 022,2C8,22
325, 367. 72
393, 453
9, 715, 607.39
149
REPORT OF THE COMPTROLLER OF TTIE CURRENCY.
T
A M O U N T O F E A C H K I N D O F COIN A N D COIN" ( • E i r r n i< \ i\<: H E L D B Y T H E N A T I O N A L
BANKH, ETC.—(JoiitiuIUMI.
OCTOBER 4, 1888—Continued.
States, etc.
Gold coin.
Colorado
Nevada
California
San Francisco ...
Oregon
Arizona
$1,334,134.65
40, 727. 50
2, 28(5,137. 90
928,622. 50
875, 572. 50
14,010.00
Division No. 7.
Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
5,485, 205. 05
Division No. 8.
2, 521, 647. 70
Gold
Gold
Silver coin.
Treasclearing^
ury cer- house certiti'eates. tificates. Dollars. Fractional.
$G,490|
GO!
122,1801
3, 6501
12,1901
144,570
$74, 4.r
5, 629
113,289
$180, 000
180,0001
17 240
40
1
55
10
220,5521
105, 237. Of
14,04:5
50 879
0 702
48 58!)
630i
600
000
500
700
52, 220!
Total.
,455,536.21
55, 540. 59
2, GIG, 790. 98
1,142,170. 82
20,843
85,046!
42 344
4
0,117
32,224
2,100
5, 009
8, 895
792
168 271
50, 844. 74
64, 933
213
..
$11,698;
285 i
21 154 90
1,217.35
11. 744.00
4.
597. 45
804. 29
4,801.40
8
600
127, 330
18, 034
500'
$28, 750. 5G
2, 845. 09
42, 904. 08!
15,255.32!
13,979.80
1,437.10
Silver |
Treas- i
ury cer- j
tificat.es. I
6,220,601.00
9, 490
2, 939, 026.44
U n i t e d S t a t e s . . 70,222, 905. 95 81, 088, 790 9, 070, 0007, 051, 931 3, 255, 891. G9 7,298, 298 177, 987, 816.64
SEPTEMBER 30, 1889.
Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut
$4, 8301.
$611,151. 51
5,300|.
276,224.05
317, 710. 80
10,210'.
2, 201, 966.47
294,200;.
4, 457, 576. 00 5, 369, 820!.
421, 327. 25
89, 560].
1, 305, 898. 51
262,820 .
$39, 928
50, 872
25,589
252,370
87, 897
41, 795
91, 519
$30,167. 511
37, 729. 89;
39, 073. 09i
247,212.02!
80,117. 54
71,292.71
112,373. 23
Division No. 1.
New York
New York City .
Albany
New Jersey
Pennsylvania
Philadelphia
Pittsburg
Division No. 2..
Delaware
Maryland
Baltimore
District of Columbia.
Washington
Virginia
West Virginia
9,591,854.59 6,036, 740
595, 970
629, 966. 59 1, 260,127 18,120,658.18
253,903
220, 099
17, 100
104, 231
404, GO;
217, 42:
119,502
207, 762. 70
302,524 5,153, 357. 34
255, 580. 02 2, 589, 798 59, 087, 892. 52
824, 030. 70
6, 047. 00
21,482
172, 035. 3fi
290, 980 1,834,170.77
389. 397 5, 142,595.90
267. 083. 43
757,031 10,197,793.02
182,801.02
179, 570 3, 009, 497. 95
52, 007. 95
Division No. 3.
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee
Division No. 4.
3, 232, 797.
7, 096, 549.
329, 347.
1, 071, 654.
3, 670, 770.
1, 573, 046.
1,743,812
64 1, 036, 370
5i~ 18, 925, 260
70
450, 000
42
189, 270
53
350, 740
00
467, 430 $7, 000, 000^
00
974, 000
1
$40, 030
$732,113.02
25,014
401, 139.94
12,650
405, 233. 49
250.783 3, 246, 531. 49
703,018 10, 704, 428. 54
700,113.90
70,139
158, 487 1,931,097.74
18,717,977.79 52,393.070] 7, 000, 000 1, 397,531 1, 203, 983. 47| 4,596, 788 85, 309, 350.26
138,871.00
11,890
301, 597. 97
50,670
1, 024, 545. 50 1, 343, 040
98, 840. 50
90, 000
108, 076. 00
601, 020
8,730
311,021. 50
216,166. 68
13,800
2,199,119.15 2,119,150
155, 029. 76
95,171. 00
215, 454. 38
46, 536. 90
163, 601.50
33, 641. 50
15, 267.50
68, 241. 00
472, 210. 55
34,144. 50
444, 211.50
330,711.50
454,167.50
2,528,389.C
225, 000
225,000
42,155
41,350
54,394
3, 783
11,247
79, 684
13, 778
22, 915. G4
41, 876. 02
42, 230. 88
1, 481.25
19, 582. 00
35, 629. 83
Hi 744. 25
71,120
77,104
287, 840
9, 891
201,611
84,927
15, 856
512,
2, 977,
203,
941,
519,
246, 391
175, 459. 87
748,349
5, 713,469.02
4,441
38,096
1.17, 964
1, 403
88,315
40, 703
52,074
415, 410
281,188
43,681
30, 814
45, 285
88, 574
263,
215,
489,
108,
401,
124,
98,
627,
1,118,
135,
601,
471,
821,
570
21,920
13^170
1,800
8,040
58, 900
71,:
12, 200
41,370
63, 500
118,060
412,680
935, 520
347, 298.78 1,254,068
280,951.64
597.
050.
995.
536.
992.
99
38
75
00
33
271,344.93
277. 85
430.90
717.19
812.00
'82. 05
504.05
461.85
162.15
226. 50
660.15
273.21
917. 40
735. 37
5,477,961.87
150
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AMOUNT O F E A C H KIND O F C O I N AND (JOIN C E R T I F I C A T E HELD B Y T H E N A T I O N A L
BANKS, ETC.—Con tinned.
SEPTEMBER 30, 1889-Continued.
States, etc.
Ohio
Cincinnati
Clevelan <1
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Gold coin.
Gold
Gold
Silver
Silver coin.
Treas- clearing
Treasury eer- H U i S l ' C t l |
u r y certiiioates. tiiicatrs. Dollars. Fractio:nal. tificates.
$254.
50,
31,
151.
211,
221.
118,
50,
00,
12,
$2,425, 974. 67 $109,300
312, 000:
317, 7:59.00
240,001)'
0:51, 080.00
250,750,
1,080, 014, 09
] 90, :{•)()
1,837, 007. 81
11, 594, 795. 00 2, 022, 000:
062.09
119, 240!
1,082,
57, 370|
995, 425.50
11,880i
806. 332.15i:
120,000;
002 185. 00
$151, 936. 95
17, 977. 40!
6, 834. 971
99, 572. 80!
144, 057. 04|
135, 375.191
73, 202. 97|
. 54,499.05
49,830. 25J
7, 820. 00
$70, 972
292,400
25. 000
84, 679 .
98,129|
769,1501
34,005
61, 423
22, 825
6,700
Total.
$3, 018, 709. 62
990, 824. 40
935, 243. 97
2, 272, 998. 49
2,481471.45
15, 342, 793.19
1,347,124.06
i, 219, 714. 55
951 759.40
748,874.00
Division No. 5
Iowa
Minnesota
Missouri
St. Louis
Kansas City
St. Joseph
Kansas
Nebraska
Omaha
902,
1, 752,
251.
1,001,
1, 284,
148,
849.
540
950,
Division No. 6
591,643 10,208,561.68
28, 790
5
0
|
24,550 s $110,000;
140, 410|
40, 000!
1,390
'
Colorado
Nevada
California
San Francisco..
Oregon
Arizona
43, 207. 80
3, 713. 65
52,423. 33
4, 800. 00
24.138. 23
1, 076.70
Division No. 7
Dakota
Idaho
Montana
New Mexico
Utah
Washington
26, 778!
9, 2201
47, 285'
13, 0021
19, 003;
51, 079
7, 030
Wyoming
159,990
Division No. 8
United States
OCTOBER 2,
Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode I s l a n d
Connecticut
173,45
Pittsburg
3, 614, 569. 87
067,062 164, 326,448. 84
1890.
$41, 820'
$602, 874.89
4,150!
268,771. 25
316, 702. 81
12,120!
2, 306, 246. 38 330,130,
3,651, 524. 50 6, 538, 790
403, 039. 36
156, 540
1,384, 923. 24
288, 270!
Division No. 1 . . 8, 934, 082.47 7, 371,820
New York
N e w Y o r k City .
Albany
Brooklyn
New Jersey
Pennsylvania
Philadelphia
, 298
71,601, 529. 94:66, 010,950j 7, 375, 000 5, 543, 006 3,728, 900.
630,170
3, 060, 378. 34
8,631, 003.
»5,551,59()
415, 144. 50
511,000!
132, 848. 00
584, 200;
1,107, 601.91
256, 520
3, 929, 012.10
402,830!
1,731, 829. 50 3,150, 210 ;$3,150, 000
90S, 380
1, 738, 876. 50
$48, 059
56. 098
30, 081
293, 386
80, 266
36, 931
104, 210
649,
$39,218.33
49,127. 21
37, 316. 78
252,934. 59
92, 004. 01
80, 276. 60
117, 233. 67
$799,856. 22
55, 647
433, 793. 46
28,414
424, 634. 63
369, 949 3, 552, 645. 97
996, 026 11, 358, 610. 51
140, 846
817, 632. 96
283,495 2,178,131.91
18, 111. 19 1,942, 261
', 565,305. 66
276,835. 54
255, 873
510, 675. 88
328, 370. 03 3, 681, 745 78, 459,940.03
8, 554. 75
16, 792
966, 921. 25
32, 783. 20
944, 035. 20
180, 871!
183, 705. 67
208, 314. 58
444, 6431
314,143.18
617, 917. 28
480, 232!
281,162. 31 923,777
553,729.81
218, 761. 65
70, 891.15
314, 846
Division No. 2. 20, 806, 693. 85 71, 992, 900 3,150, Q00 1, 735, 477 1,496,445.83 6,298,779105,480,295.68
REPORT OF THE COMPTROLLER OF THE CURRENCY. 151
AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD BY THE NATIONAL
BANKS, ETC.—Continued.
OCTOBER 2, 1890—Continued.
States, etc.
Gold coin.
Silver
Gold
Gold
Silver coin.
TreasTreas- clearingury cerury cer- house certificates. tificates. Dollars. Fractional. tificates.
$7,000
$156, 931.14
Delaware
67,450
294,910. 81
Maryland
457,112. 50 2, 260,200
Baltimore
District of Columbia - 103, 923.50 110, 000
108,436.50 1,131,890
Washington
47, 680
369,895.00
Virginia
14, 850
257,912.28
West Virginia
$30, 291 $25, 558.11
51, 340 48, 257.85
75,102 50,451.38
7,287
5, 485.75
7,863 42,164. 55
74, 555 35, 531. 80
24, 910 20,057.17
Division No. 3.. 1, 749,121.73 3,639,070
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee
27, 627
57, 233
123,653
71, 554
95, 971
34,836
25, 520
56,915
352, 724
31,451
76,660
26, 548
201,882
816,180
304, 698
69,236
25,466
214, 933
222, 857
197,478
117,510
40, 353
71,724
21, 948
193, 018
47,"-'104,950
46,002
57, 679
27, 22i
123, 995
12,168
150,993
72, 475
88,490
Division No. 6.. 8, 710, 406. 552, 343,850
924,689
1,920,630. 91
40,932. 50
1,800, 211. 50
843, 042. 50
1,301, 926. 50
49,770.00
31, 550
220
57,140
2,000
2,270
340
$29,000
290,000
92, 634
3,787
100, 966
11,000
17, 729
1,800
Division No. 7.. 5, 956, 513. 91
93, 520
319,000
227,916
North Dakota
South Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
Oklahoma
Indian Territory
Division No. 8..
United States..
162, 277. 90
186,939. 90
98, 263.40
668, 908.05
214, 217. 50
444,215. 50
1,626, 303. 80
218,145.00
11,485. 00
1,457. 50
3,632,213.55
26, 070
17,100
2,070
60, 320
119, 000
56,790
2,140
150
283, 640
243, 798.50
8,172
13, 486
320, 273. 08
123,989
776, 147. 79
4,635
124, 087.63
65,369
495, 128. 55
30,054
127, 252.15
53,915
116, 000.45
424,191
971, 514.48
355, 980 1,725, 375.27
36, 519
131, 786.99
41, 829
744, 660. 00
32,296
322, 360.05
704.02
99,422
150, 806. 22
27, 373.89
15,010.25
111, 890.35
143, 473. 63
216,478. 72
85,285. 85
46,908.05
60, 399. 08
7,820.00
125,131
172, 950
22, 032
175,912
148, 488
527, 516
66, 559
49, 720
52,137
7,891
3,105, 257.59
1,020, 279.49
1, 026,473.75
2,580, 612. 93
2, 559,343.18
17,006, 659.22
1,487, 303. 89
1, 075, 888. 55
1,120,286.78
879,659.00
1, 286,203 865,446.04 1, 348,336 31,861,764. 38
67,350
1,192, 871.10
4,840
651, 600.70
1, 017,869.45
30, 000
739, 050. 25
11,120
257, 992. 50
497, 523. 50 1, 848,790
886, 925.00 152,430
71, 260
162, 267. 50
97, 500
856, 101. 30
24,170
636, 827. 75
36, 390
1,811, 377. 50
Colorado
Nevada
California
San Francisco
Oregon
Arizona
23,101.20
24,123.73
32, 397.10
18, 243. 98
23,156.55
19,943.15
13,295. 45
34, 445.98
84,456.12
17,965.99
33,482.20
10, 348.05
55, 865.52
1,182,574 390, 836.02 1,289, 857 6,988,088.06
2, 420,812. 37 103, 810
275,719. 60 475. 000
786, 965. 50 177, 000
1, 932. 387. 58 145,490
1, 807, 274. 55 237,250
10, 849, 786. 50 5,215, 400
59, 250
1,158, 699. 04
822, 327. 50 116,580
39, 840
896,186.70
617,000.00 225, 000
Division No. 5.. 21, 567,159. 34 6,794, 620
Iowa
Minnesota
St. Paul
Minneapolis
Missouri
St. Louis
Kansas City
St. Joseph
Kansas
Nebraska
Omaha
$85,829 $305,609.25
110,370
572, 328. 66
381, 720 3,224, 585. 88
13,792
240, 488.25
297,724 1, 588, 078.05
129,120
656,781.80
21, 340
339,069.45
271, 348 227,506.61 1.039, 895 6, 926,941.34
560
184, 338. 30
2,080
223, 350. 35
422, 448. 69
73,660
29, 654.65
289, 812.00 * "2*6," 820
2,700
39.719. 00
15,740
7, 530. 00
154,462. 50 301,500
737,805.15 194, 410
15,830
30, 010. 00
548, 288.80
44,400
218, 568.00
34,600
422,654. 50 109,880
Division No. A.. 3,308, 641.94
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Total.
13, 263
14, 870
2, 098
56, 132
12, 265
20, 288
80, 906
9, 016
846
2,612
90, 547. 24
34,221.15
65,461.05
25,192. 00
23, 049. 05
14,413.14
33, 585.12
7, 222.05
67, 525.70
44, 779 37
24,460. 70
117, 644
27,443
118,105
11, 200
40, 972
672,484
170, 276
44,439
107, 719
73, 640
37,506
1,661.430.34
765, 802.85
1,306,385. 50
851,444. 25
390,812.55
3, 060,431.64
1,367, 211.12
297, 356.55
1,279,839.00
851,892.12
1,998,224.20
430,456. 57 1,421, 428 13, 830, 830.12
42, 211. 00
4,459. 20
50,488. 30
5, 570. 00
20, 640. 20
1,113.70
124,482.40
12, 779.40
11, 517. 30
1,341.25
34, 918.99
6,022. 60
13, 392. 31
30, 841. 54
5, 327. 95
821.08
360.42
212, 296 117,322.84
40,113
218
28,831
8,000
16,999
520
2,127,138.91
49, 616.70
••2,066, 636.80
1,159, 612. 50
1,359,564.70
53,543. 70
94, 681 6, 816,113.31
42, 774
23, 047
3,801
30,487
48, 739
31, 682
5,251
4,545
3,721
257,164. 30
253,474. 20
107, 573.65
850, 766.04
232, 505.10
645, 634.81
:, 826, 523. 34
239,879. 95
17, 847.08
8,150.92
194, 047 4,439, 519.39
74,664,833.3493,335,600 3,469, 000 6,489,534 4,320,607. & 13,629,284195,908, 858.84
152
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD BY THE NATIONAL
BANKS, ETC.—Continued.
SEPTEMBER 25, 1891.
States, etc.
Gold coin.
Maine
New Hampshire
Vermont
M assachusetts
Boston
Rhode Island
Connecticut
Gold
Gold
Silver
Silver coin.
Treas- clearingTreasury cer- house cerury certificates. tificate*. Doll ars. Fractional. tificates.
$686 071 30 $48,770
274, 384.50
25, 790
334, 232. 20
18,110
2,451,009.49
268, 250
3, 414, 499. 35 3, 835,130
419, 431. 90 210, 670
1, 520, 844.90 351,440
Division No. 1.. 9,106, 473. 64 4, 758,160
New York
New York City . .
Albany
Brooklyn
New Jersey
Pennsylvania
Philadelphia
Pittsburg
3, 226,137. 64 665, 770
9, 845,117. 00 37, 523, 360
348, 577. 00
454, 000
126, 711. 50 392, 000
1, 253, 476. 56 302, 290
4, 307, 482. 36 487, 960
1, 872, 449. 00 1, 740, 720 $6, 675, 000
2,203,511.50
515, 580
Total.
$37, 428
57, 414
30,175
230,782
63, 776
41, 332
77, 653
$40, 981.04
$90, 391 $903, 641.34
43,181,41
71,550
472,319. 91
48, 748. 68
45, 545
476,810.88
273,482. 61 490,108 3, 713, 632.10
131, 608.95 1,481, 759 8,926,773. 30
83, 205. 28 187, 918
942, 557.18
123, 855.48
313, 274 2, 393, 067. 38
538, 560
745,063.45 2, 680, 545 17,828,802.09
261,779 305,934.46
328, 675
155, 216 401,567.49 5, 871, 631
19, 700 10,103. 50
19, 911
2,455 43,268. 53 271, 562
152, 978 193, 418. 26 528. 855
506,752 328, 988.46
686; 739
264, 836 268, 583. 55 1, 651,178
119,402
69, 718.85
237, 345
4, 788, 296.10
53, 796, 891, 49
852, 291. 50
835, 997. 03
2,431, 017. 82
6, 317, 921.82
12,472, 766.55
3,145,557.35
Division No. 2.. 23,183, 4G2. 56 42,081,680 6, 675, 000 1,483,118 1, 621, 583.10 9, 595,896 84, 640,739.66
Delaware
Maryland
Baltimore
District of Columbia .
Washington
Virginia
.......
West Virginia
128,212.00
14,980
368, 635. 46
•66, 550
596, 612. 50 1, 271, 650
117, 559. 50
120, 000
136, 071. 40 1,234,180
535,150.34
59, 730
273,613.68
15, 340
36, 235
45,342
84,218
2,735
17,946
91,024
24,683
Division No. 3.. 2,155, 852. 88 2,782,430
302,183
North Carolina
South Carolina
Georgia . . . . . .
Florida
Alabama
Mississippi
Louisiana
!New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee
266, 716. 86
66, 441. 85
. . . . 237,152.80
62, 301. 40
221,738. 50
53, 490. 50
28, 499. 50
187, 836. 50
949, 942. 20
70, 445. 00
536,133. 67
319,407. 00
538, 586. 50
4,420
500
18,880
2,550
23,400
3,540
4,040
258, 320
80,460
17, 950
48,990
24,800
92,840
Division No. 4.. 3,538, 692.28
580, 690
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit..'.
Wisconsin
Milwaukee
2,801,760.86
165,840
353, 328. 50 747, 450
743, 412. 50 266,000
2, 261, 623. 30 395, 930
2, 423, 284. 75 407, 290
13, 018,145. 50 5, 449,500
69, 700
1, 384, 866. 09
38, 000
725 296 00
45,300
1, 284, 673.74
170,
000
674, 530.00
Division No. 5.. 25,670, 921.24 7, 755, 010
Iowa
DesMoines
Minnesota
St. Paul
Minneapolis
Missouri
St. Louis
Kansas City
St. Joseph
Kansas
...
Nebraska
Omaha . . . .
87, 260
1,308, 988. 24
112, 710.00
735, 091. 94
20,300
1, 714, 857.97
14,000
616,167. 50
304, 751. 00
is,'030
3,437,512.00 1, 412, 350
1,038, 627. 50
178, 640
195, 733. 50
27, 080
1,115, 800. 05
45, 210
771, 823. 90
26,660
1,672, 940. 40
43,500
Division No. 6 . . 11, 025, 004. 00 1,868, 030
31, 758.45
50, 316. 09
59,786.89
2,151. 75
22, 667. 30
67, 721.30
24, 359. 81
99,319
113,452
667, 738
22, 892
385, 291
120, 797
32,132
310, 504.45
644,295.55
2, 680, 005.39
265, 338.25
1,796,155.70
874,422.64
370,126.49
258, 761. 59 1, 441,621
6,940, 848.47
36, 255. 48
42,276
33, 700. 25
45,155
89, 823 44, 567. 30
49, 813 22, 598. 95
24, 789.75
79,710
9, 580.95
21,465
38, 781 18, 327. 50
38,571.95
74,992
395, 071 102, 383. 91
4,942.30
22,383
37,181.86
70,747
10,319.35
40,197
62,196.31
204,343
364, 758. 34
15,090
153, 258.10
7,461
517,407.10
126,984
150, 864.35
13, 571
428, 612.25
78, 974
120,449.45
32, 373
135,174.00
45, 526
626,495 1,186, 215. 45
491,866 2,019, 723.11
141, 061.30
25, 341
756, 422. 53
63,370
408, 923. 35
14, 200
981, 516. 81
83, 551
445,415.86 1,624,802
7,364,386.14
168,081
283, 858 176,114.08
29,437.74
470, 212
67,766
23, 507. 00
28,621
34,045
219,825
220,358 124, 001.38
249,155
280, 268 187,171.87
222,513 201,863.25 1, 250, 591
92, 223.39
93,171
127,808
37, 310. 00
94, 797
33,017
74,814.01
61,831
87,007
12,
722.02
40,754
16, 230
3,595, 653.94
1,668,194. 24
1,095, 585.50
3, 221, 737.68
3, 547,169. 62
20,142, 612. 75
1, 767, 768.48
928,420. 00
1, 553, 625.75
914, 236.02
1,174,786
1,372,870
177,690
18,404
54,611
30,906
53,091
62, 396
37,117
141,931
21,533
133,377
78, 552
91,303
959,164.74 2,677,038 38,435, 003. 98
99,872.20
9,522.35
37, 661.04
18, 063.95
23, 045.65
35,253.18
16, 771. 70
34, 862. 35
10, 657. 20
63,423.52
45,625. 84
42, 766.26
111, 529 1,785, 339.44
190, 636. 35
50,000
900, 967.98
53, 304
227,210 2, 005,037.92
874, 054.15
181,750
457, 535.18
42,105
832,430 3,736,180.70
264, 032 1,658,092.85
327,754.70
72,751
134, 639 1,492,449.57
994,157.74
71,496
52,193 1,902, 702.66
900,911 437,525.24 2,093,439 16,324,909.24
REPORT OF THE COMPTROLLER OF THE CURRENCY. 153
AMOUNT O F EACH KIJNJD UK COIN AND COIN ('KRTIFICATK HELD BY THE NATIONAL
B A N K S ; ETC.—Continued.
SEPTEMBER 25, 1891—Continued.
Silver
Treasury cerDollars. Fractional. titicates.
Silver coin.
States, etc.
Colorado
Nevada
California
San Francisco
Oregon
Arizona
Gold coin.
$1,886,841.60
37, 210. 00
1, 701, 882. 50
1, 026, 225. 00
1, 409, 640.97
36,130. 00
$52,720
21, 890
"*4,"230
Division No. 7.. 6, 097, 880. 07
78, 840
185,076. 72
175, 387. 50
128, 6:50. 90
738, 850. 00
145, 850. 00
526, 641. 35
1, 550,485.60
217,156. 00
6, 385. 00
5, 647. 50'
25, 800
19, 400
260
64,200
North Dakota
South Dakota
Idaho
Montana
NeV Mexico
Utah
Washington
Wyoming
Oklahoma
Indian Territory
Division ]^o. 8 . . 3, 686, 060.57
$35, 000
590, 000
101,400
57, 580
190
208, 830
625, 000
1,770
98,455
13, 000
18, 037
2,927
$52, 031.04
2, 015. 45
74, 232. 40
23, 200. 00
34, 693. 98
1, 766. 85
342,873
Total.
$5: 516 $2,252,792.J34
280
19,925
3, 000
13, 675
41, 275.45
1,951,334.90
1, 655,425.00
1,480, 276. 95
40,823. 85
187,939. 72
89, 890
7, 421,928.79
~~11,882 ~13/713T20
20, 557
10,172. 39
9,150
5,211. 75
48, 915
45, 281, 69
13, 492
6, 343.15
40, 558
21, 825. 36
71, 538
53, 877. 93
11, 355
5, 883.65
709
101.25
5,116
886. 60
41, 002
39, 712
13, 885
42, 690
2, 041
18, 716
35, 985
6,467
720
5,780
277, 473.92
265, 228. 89
157, 137.65
939, 936. 69
167, 726.15
709, 140.71
L, 775, 416. 53
241, 051.65
7, 915.25
17, 430.10
233, 272
163, 296.97
206,998
4,558,457.54
United States . • 84,464, 347.24 60,173, 670 7,300,000 6,348, 573 4, 818, 750. 67 20,409,735 183,515,075.91
154
REPORT OF THE COMPTROLLER OF THE CURRENCY.
LAWFUL, MONEY RESERVE OF THE NATIONAL BANKS, AS SHOWN BY THE
Cities, States, and Territories.
New York city
Chicago .
St. Louis
Total of central reserve cities.
Boston
Albany
Brooklyn
Philadelphia
Pittsburg
Baltimore
Washington
New Orleans
Louisville
Cincinnati
Cleveland
Detroit
Milwaukee
Des Moines
St. Paul
Minneapolis
Kansas City
St. Joseph.'.
Omaha
San Francisco
Total of other reserve cities...
Total of all reserve cities .
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Ohio...
Indiana
Illinois
Michigan.
Wisconsin
Iowa
Minnesota
Missouri
Kansas
Nebraska
Colorado
Nevada
California
Oregon
Arizona
North Dakota
South Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
Oklahoma
Indian Territory
Total country banks .
Total United States ..
No. of
banks.
Deposits.
$327,761,384
92, 865, 969
_ 24, 260, 749
444,888,102
495,872
10, 686,871
10, 225,540
93, 529, 989
34, 285, 416
23, 514, 343
9, 834, 631
13, 839,015
7, 552,522
28, 755, 787
15, 169, 503
16, 097, 679
6,, 954,754
1 977,460
12, 321,956
042
10, 486,
16, 371,215
4, 562,484
12, 974, 838
275,080
2
910,997
265
344
896, 799,099
12,503,627
8,634,875
8,129,300
66, 415,697
18, 533, 035
31, 301, 527
87, 586, 207
47, 235, 037
95,852,244
4, 569,478
9, 370,164
934,176
14,153,025
5, 718, 727
4,541,394
3,126, 202
5, 438,450
3,629, 855
5, 539,387
1,554,241
1,299,606
25,922,276
2,031, 966
12,614,055
14,546, 766
56,511, 269
33,129, 250
51,102,024
27, 978,052
21, 839,162
28,574,496
13, 789, 229
8,065,409
19,035,587
15, 266, 009
24,291, 595
390,223
14,601, 012
10,121,812
305,511
5,233,406
3, 935, 796
1,701, 546
13,440,123
2, 327,455
3,664,455
12, 317, 624
2,685, 833
230,015
119,360
861,837,570
3677 |1,758, 636, 669
Reserve
required,
25 per cent.
Reserve
held.
Ratio of
reserve.
Per cent.
26.26
$81, 940,346 $86, 080, 301
23, 216,492 31,221,153
33.62
5,
781,
308
23.83
^ ^ ^
27.-67"
111, 222,025 12370827762"
28.53
29,373,968 33, 526,338
29.93
2, 671, 718
3,198,227
28.25
2,888,666
2, 556,385
23,382,497 29, 795, 310 31.86
28.89
9,902,856
8,571, 354
32.47
7,635,345
5,878, 586
35.80
3, 520,529
2,458, 658
3, 370, 767 24.36
3,459,754
27.86
2,103, 777
1, 888,130
29.83
8, 577,147
7,188, 946
30.92
3, 792, 376 4,689,929
27.98
4, 503,840
4,024,419
37.15
2,583, 461
1.738,689
30.06
594, 384
' 494, 365
4, 393, 869 35.66
3,080,489
36.98
3, 877,807
2,621, 510
6,118, 393
37.37
4,092,804
1,292,949
28.34
1,140, 621
4,272, 722
32.93
3,243, 710
1,940,316
36.78^
1, 318, 770
~307~l
138,786,
632
112, 977, 749
29.20
224,199,774 261,869,394
15 per cent.
29.96
1,875,544
3,745,522
1,295,231
2, 553, 826 29.58
1, 219, 395 2, 272, 036 27.92
24.33
9, 962,355 16,165,070
23.80
2,779,956
4,410,670
29.18
4,695,229
9,134, 784
25.59
13,137, 931 22,410,441
25.16
7,085,255
11,885,036
27.14
14,377, 837 26, 011,961
31.01
685,422
1,417,134
25.71
1,405,525
2,408, 645
44.58
140,126
416,472
22.82
2,122, 954
3,230, 310
857,809
1, 630, 771 28.52
20.30
681,209
922, 062
15.45
468,930
482, 894
25.61
815, 767
1,392, 949
21.79
544,478
791,102
26.22
830,908
1,452, 222
28.37
233,136
440, 901
21.65
194,941
281,324
31.41
3, 888, 341 8,141, 216
25.36
304, 795
515,351
25.75
1,892,108
3,244,024
2,182,015
3, 221, 720 22.15
27.88
8,476,690 15, 754,375
37.71
4,969,387 12,493, 983
29.58
7,665,304
15,118,423
27.09
4,196,708
7, 580,488
3,275, 874
5, 721, 885 26.20
24.76
4,286,174
7,076, 223
2,068,384
4, 514, 623 32.74
28.31
1,209,81i
2,283, 645
35.33
2,855,338
6,725, 952
23.26
2,289,902
3,550,522
31.94
3,643, 739
7, 758,943
16.91
58, 533
65, 975
28.25
2,190,153
4,124,515
20.91
1,518, 272
2,116, 679
21.87
45, 827
66, 817
26.97
785,011
1,411. 622
590,369
1, 040; 920 26.45
22.21
255, 232
377,
961
24.50
2,016,018
3, 293,418
23.15
349,118
538,
891
36.05
549, 668
1,321, 271
25.60
1,847,644
3,153, 551
26.15
402, 875
702,335
48.32
34, 503
111,
153
21.31
17,904
25,432
27.33
129,275, 635 235,508,045
28.28
353,475,409 497,377,439
REPORT OF THE COMPTROLLER OF THE CURRENCY.
REPORTS OF CONDITION AT THE CLOSE OF BUSINESS ON SEPTEMBER 25,
Cash reservti
Required.
Held.
1891.
Classification of reserve held.
Specie.
Legal
tenders.
$81,643,166 $85, 783,121 $53. 796, 891
20,142, 613
23,162, 492
31,167,153
3,736.181
5,761, 058
__6.044, 937
1107850, 595" 122, 711,332
77, 675, 685
8,926, 773
~ 15, 7677478^
852, 291
1, 304, 786
835, 997
1,601,903
19, 847, 594 12.472,767
3,145. 557
5, 383, 729
2, 680, 005
4, 816, 425
1,796,156
2,381, 001
1,186, 215
2, 389, 417
408,923
1,281,646
1,668,194
4, 693,308
1, 095, 586
2,118, 586
928, 420
2, 059, 066
1,309,305
914,236
190,
636
268. 999
2,005, 038
2,447, 275
874, 054
1, 620,134
1, 658, 093
2, 765, 001
327, 755
591, 759
1,902, 703
2,621,712
1, 655,425
1, 661, 542
45, 524, 824 25, 750, 902
56,488, 875
167, 339,470 199, 702, 058 123, 200, 509 61, 221, 549
279, 210
903,641
685,026
1,182, 851
186, 822
472, 320
659,142
467,176
212, 624
476, 811
440, 346
689.435
1, 625,196
3,713, 632
3,715, 546
5, 533, 828
584, 621
942, 557
1, 527,178
1,038, 055
804, 424
2, 393, 067
3,197, 491
1,774,] 24
4, 788, 296 2, 757, 792
7, 706, 088
5,0] 0,687
2,411,123
2,431,018
2.762,016
4, 852,141
3, 919, 684
6,317,922
5, 552, 770 10, 247, 606
185,406
310, 504
260, 869
505, 910
294,289
644,296
938, 585
541,102
52,586
265,
338
317,
924
51, 551
958,748
874,423
1,833.171
824, 750
361,
055
370,126
756,181
330, 733
256,142
364,758
620, 900
259, 669
169,594
153,258
322, 852
179, 675
466,414
517, 407
983,821
308, 635
256, 702
150, 864
407, 566
211,741
349, 407
428, 612
778, 019
312,169
157, 270
120,449
277, 719
86, 887
54, 632
135,174
189,806
74, 331
2,930,374
2,
019,
723
4,950, 097
1, 470, 682
94,375
141,061
235.436
116, 898
503,480
756, 423
1,259, 903
709, 656
890, 868
981,517
1, 872, 385
847,106
3,537,
726
3,
595,
654
7,153,380
3, 255, 990
3, 221, 738 2,384, 263
5, 606, 001
1, 915, 673
2,036,904
3,
547,170
5, 594, 074
2,979, 082
884, 794
1, 767, 768
2, 652, 562
1, 633,124
1, 553, 626
617,404
2,171, 030
1, 281,881
1, 785, 339 1,199, 583
2, 984, 922
1, 659, 043
900,
968
302,
537
808, 292
1, 203, 505
457, 535
359, 862
817, 397
462,448
1,492,450
1, 033, 388
2, 525, 838
1,089, 876
994,158
1,443, 979
449, 821
875, 242
2, 252, 793 1,195,214
3, 448, 007
1,429, 558
42, 199
41, 275
924
22,144
1,951,335
143,856
2,095,191
851, 038
1,480,277
47,277
1,527, 554
593,295
40, 824
12, 533
17,423
53,357
277,474
251,549
529, 023
304, 067
265,229
230,695
224,627
495,924
157,138
79,187
236, 325
99,500
939, 937
513, 466
791,003
1,453, 403
167,726
250,261
82,535
133,977
709,141
774, 598
211,543
65, 457
1, 775,417
131, 811
1,907, 228
713,727
276,142
241,052
35, 090
155,525
7,915
12, 902
40, 260
32, 345
20,430
17,430
3,000
6,487
49,560, 267
97,148,625
216, 899, 737 296,850,683
183, 515,075 977615,608
155
United States
certificates
of deposit.
$8,225,000
1,220,000
120,000
9,565,000
880,000
100,000
2,970,000
870,000
10,000
870,000
15,000
5,715,000
15, 280,000
195, 000
160,000
10,000
10,000
10,000
25, 000
20,000
"io,666
440, 000
D u e from
reserve
agents.
Redemption
fund with
Treasurer.
$17,559, 735
1, 815,441
1,262, 813
9,789,212
4,455, 781
2, 765, 320
1,112,528
945, 250
799, 631
3,850, 539
2,540, 968
2,426, 775
1,262,486
318, 635
1,933,197
2,244,173
3,328,642
687, 690
1,632,785
274,274
61,005,875
61,005, 875
$297,180
54,000
20,250
371,430
199,125
18,000
23, 890
158, 504
63, 345
53, 600
27,000
36,100
22,500
33, 300
30, 375
18,000
11,670
6,750
13,397
13,500
24,750
13,500
18,225
4,500
790, 031
1,161,461
2,399,689
lf 767,393
1,464, 070
9,957, 752
2,698, 674
5, 677, 373
14,093,139
6,852, 680
15,268,444
877, 974
1,417, 290
87,298
1,336,060
843,613
269,126
140, 299
364,949
368,411
623,718
147, 265
82,405
2,979,484
267,365
1, 866,153
1,285,087
8, 264, 279
6, 707, 778
9,306,750
4,814, 028
3,479,683
3,952, 735
3, 263,464
1,412,557
4,069,467
2,004, 746
4,241,093
20, 604
1,966, 768
554,091
11,188
859, 255
516,195
135,155
1.801, 503
274,455
525, 861
1,182,998
412,131
68,643
3,315
132,984,453
193,990,328
127,291
118,531
673,490
184,818
259, 920
611,214
180, 215
495,911
33, 250
52, 770
11,250
61,079
30,977
32,036
19,743
44,179
15,125
50,485
, 15,917
9,113
211,635
12,550
117,968
64,248
336, 716
180,204
217,599
113,898
71,172
138,566
47,654
53,691
330,647
101,797
69,843
3,172
62, 556
35,034
2,272
23,344
28,801
6,481
38,512
14,175
20,812
63,325
14,062
2,250
1,687
5,374,967
6,536,428
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
150
REPORT OF THE COMPTROLLER OF THE CURRENCY.
LIABILITIES OF THE NATIONAL HANKS, ANTI> THE RESERVE REQUIRED AND H E L D ON
T H R E E DATES IN THE YEARS 1886, 1887, 1888, 1889, 1890, AND 1891.
STATES AND TERRITORIES EXCLUSIVE OF RESERVE CITIES.
Reserve held.
Date.
No. of
banks.
Net deposits.
Reserve
required. Amount. Ratio to
deposits.
Classification of reserve.
Specie.
Other
lawful
money.
RedempDue
tion
from
agents. fund.
Millions Millions. Millions. Per cent. Millions. Millions. Millions. Millions.
596.1
181.6
89.4
27.7
30.4
45.1
9.8
98.9
611.7
91.8
181.6
29.7
29.7
49.1
9.3
93.5
637.6
95.6
186.2
30.1
29.2
47.8
8.7
99.5
Mar. 1,1886
J u n e 3,1886
Oct. 7,1886
2,518
2,552
2,590
May 13,1887
Aug. 1,1887
Oct. 5,1887
2,676
2,724
2,756
682.8
683. 0
690. 0
102.4
102.4
103.6
198.9
189.5
190.9
29.1
27.7
27.6
51.1
48.9
50.8
32.9
31.3
32.6
107.8
.102. 6
100. 9
6 8
6.6
6.6
Apr. 30,1888
J u n e 30,1888
Oct. 4,1888
2,809
2,829
2,847
707.5
711.8
739.3
106.1
106.8
110.9
193. 9
199.2
209.8
27.4
28.0
28.4
51.0
49.1
50.2
33.8
31.5
34.5
102.8
112.2
118.9
6.4
6.3
6.2
May 13,1880
J u l y 12,1889
Sept. 30,1889
2,914
2,944
2,992
769.8
789.1
807.6
115.5
118.4
121.1
223.9
229.3
224.6
29.1
29.1
27.8
53.5
53.3
50.5
36.9
37.2
36.2
127. 8
333.3
132. 4
5.6
5.6
5.5
May 17,1890
July 18,1890
Oct. 2,1890
3,125
3,151
3,207
845.3
835.4
859.2
126.8
124.3
128.9
223.2
222.2
225.5
26.4
26.6
26.2
52.9
52.7
54.3
37.3
37.1
37.7
127.6
127. 0
128.5
5.4
5.3
5.2
May 4,1891
J u l y 9,1891
Sept. 25,1891
3,296
3,309
3,333
847.4
846.8
861.8
127.1
127.0
129.3
225.1
224.7
235.5
26.6
26.5
27.3
61.3
62.8
60.3
36.5
36.4
36.8
122.1
120. 3
133.0
5.2
5.1
5.4
NEW YORK CITY.
Mar. 1,1886
J u n e 3,1886
Oct. 7,1886
45
45
45
323.6
296.8
282.8
80.9
74.2
70.7
101.2
89.9
77.0
31.3
30.3
27.2
77.2
57.9
64.1
23.5
31.5
12.5
0.5
0.4
0.4
May 13,1887
Auk- 1,1887
oct: 5,1887
46
46
47
299.7
294. 0
284. 3
74.9
73.5
71.1
82.8
82.6
80.1
27.6
28.1
63.6
65.0
63.6
18. 8
17.2
30.1
0.4
0.4
0.4
Apr. 30,1888
J u n e 30,1888
Oct. 4,1888
46
46
46
316.7
338. 4
342.2
79.2
84.6
85.5
94.8
102.7
96.4
29.9
30.3
28.2
69.4
73.4
73.9
25.0
28.8
22.1
0.4
0.4
0.3
May 13,1889
July 12,1889
Sept. 30,1889
45
45
45
361.0
359.2
338.2
90.2
89.8
84.5
103.7
97.3
84.9
28.7
27.1
25.1
71.5
61.8
59.1
32.0
35.3
25.6
0.2
0.2
0.2
May 17,1890
July 18,1890
Oct. 2,1890
46
47
47
322.3
326.8
332.6
80.6
81.7
83.2
85.0
88.4
92.5
26.4
27.0
27.8
65.2
64.2
78.4
19.6
24.0
13.9
0.2
0.2
0.2
May 4,1891
J u l y 9,1891
Sept. 25,1891
47
49
49
327.3
330. 3
327.8
81.8
82.6
81.9
88.3
98.9
86.1
29.9
26.3
58.6
55.6
53.8
29.5
43.1
32.0
0.2
0.2
0.3
May 13,1887
Aug. 1,1887
Oct. 5,1887
18
18
18
68.0
66.3
64.6
17.0
16.6
16.2
20.7
22.0
19.7
30.4
33.1
30.5
13.0
14.6
12.9
7.6
7.2
6.7
0.05
0.05
0.05
Apr. 30,1888
J u n e 30,1888
Oct. 4,1888
18
19
19
71.3
71.8
69. 3
17.8
18.0
17.3
21.2
22.5
21.0
29.7
31.4
30.2
13.4
14.1
13.1
7.8
8.4
7.8
0.05
0.05
0.05
May 13,1889
J u l y 12,1889
Sept. 30,1889
19
19
20
74.3
77. G
78.7
18.6
19.4
19.7
26.4
24.7
25.0
35.5
31.8
31.7
14.6
15.1
15.3
11.7
9.6
9.6
0.05
0.05
0.05
May 17,1890
July 18,1890
Oct. 2,1890
20
19
19
85.0
84.1
82.9
21.3
21.0
20.7
26.4
24.5
24.8
31.0
29.1
30.0
15.3
14.7
17.0
11.0
9.8
7.8
0.05
0.05
0.05
May 4,1891
J u l y 9,1891
Sept. 25,1891
20
20
21
96.0
91.8
92.9
24.0
22.9
23.2
32.5
28.5
31.2
33.9
31.0
33.6
19.7
19.3
20.1
12.7
9.1
11.0
0.05
0.05
0.05
CHICAGO.
REPORT OF THE 0OM.PTK0.LUin OF THE CURRENCY.
157
LIABILITIES OF THE NATIONAL BANKS, AND THE RESERVE REQUIRED AND HELD ON
THREE DATES, ETC.—Continued.
ST. LOUIS.
May 13,1889
J u l y 12,1889
Sept. 30,1889
May 17,1890
J u l y 18,1890
Oct.
2,1890
0.02
0.02
0.02
May 4,1891
J u l y 9,1891
Sept. 25,1891
0.020.02
0.02
OTHER RESERVE C I T I E S /
1,1886
3,1880
7,188G
205
212
217
378.0
387. 2
381. 5
94.5
96.8
95.4
124.0
122. 8
113.9
32.8
31,7
29.9
49.3
50.5
44.5
28.2
30.2
26.0
43.9
39.6
41.3
2.7
2.5
2.2
May 13,1887
Aug. 1,1887
Oct.
5,1887
210
221
223
345.1
335.5
338.5
86.3
83.9
84.6
106.1
98.4
100.7
30.7
29.3
29.7
38.0
34.8
36.3
26.4
24.2
23.2
40.2
37.7
40.0
1.4
1.2
Apr. 30,1888
J u n e 30,1883
Oct.
4,1888
221
224
224.
355.4
372.5
384.9
88.8
93.1
96.2
105.9
113.4
116.9
29.8
30.4
30.4
36.7
42.9
40.0
24.5
23. 6
24.4
43.7
45.9
51.5
1.0
1.0
0.9
May 13,1889
J u l y 12,1889
Sept. 30,1889
224
226
228
415.3
427. 8
419.0
103.8
106.9
104.8
132.8
131.4
121.9
32.0
31.0
29.1
43.7
43.5
37.8
28.9
27.9
26.7
59.6
59.3
56.7
0.7
0.6
0.6
May 17,1890
J u l y 18,1890
Oct.
2,1890
239
259
259
425.0
461.9
457.8
lCf3. 2
115.5
114.4
122.8
131.3
129.8
28.9
28. 4
28.3
41.4
43.7
43.1
25.2
28.1
24.9
55.6
58.8
61.0
0.6
0.7
0.7
May 4,1891
J u l y 9,1891
Sept. 25,1891
262
265
265
448.9
442.0
451.9
112.2
110.5
113.0
136.9
134.1
138.8
30.5
30.3
30.7
51.6
49.1
45.5
26.7
29.0
31.5
57.9
55.3
61.0
0:7
0.7
08
Mar.
June
Oct.
SUMMARY.
1,1886
3,1886
7,1886
2,768
2,809
2,852
1, 297. 6
1, 295. 7
1, 301. 8
264.8
262.8
261.7
406.8
394.2
377.2
31.3
30.4
28.9
171.6
157.5
156.4
79.4
91.6
68.7
142.8
133.0
140.8
12.9
12.2
11.4
May 13,1887
A u g . 1,1887
Oct.
5,1887
2,955
3,014
3, 049
1, 404. 7
1, 389. 7
1, 388.4
282.9
279.1
278. 0
411.9
396.0
394.2
29.3
28.5
28.4
167.3
165.1
165.1
87.6
82.3
79.9
148.1
140. 3
140.9
8.8
8.3
8.3
Apr. 30,1888
J u n e 30,1888
Oct. 4,1888
3,098
3,120
3,140
1,459. 6
1. 503.5
1, 543. 6
294.1
304.7
312.0
419.3
441.5
446.2
28.7
29.4
28.9
172.1
181.3
178.1
92.9
94.3
90.0
146. 5
158.1
170.5
7.9
7.8
7.6
May 13,1889
J u l y 12,1889
Sept. 30,1889
3,206
3, 239
3,290
1, 627.9
1, 665.0
1, 665. 5
330.0
337.3
333.1
490.3
487.3
459.6
30.1
29.3
27.8
185.2
175.9
164.3
111.2
112.3
99.7
187.4
192.5
189.1
6.6
6.5
6.4
May 17,1890
J u l y 18,1890
Oct.
2,1890
3,438
3,484
3,540
1, 703. 6
1, 735. 4
1, 758. 7
341.4
349.3
353.7
463.9
473.0
478.2
27.2
27.3
27.2
178.1
178.6
195.9
96.2
102.3
86.8
183.2
185.8
189. 5
6.3
6.3
6.1
May 4,1891
J u l y 9,1891
Sept. 25,1891
3,633
3,652
3,677
1, 744. 6
1, 734.5
1, 758. 6
351.3
348.9
353. 5
488.9
491.8
497.4
28.0
28.3
28.3
194.9
190.8
183.5
107.8
119.3
113.5
180.0
175.6
194.0
6.2
6.1
6.6
Mar.
June
Oct.
* Includes Chicago and St. Louis up to 1887.
158
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATE OF THE LAWFUL MONEY RESEKVE OF THE NATIONAL .BANKS AS
STATES AND
Dates.
Oct. 1,1885.
Dec. 24,1885.
Mar. 1,1886.
J u n e 3,1886.
Aug. 27,1886.
Oct. 7,1886.
Dec. 28,1886.
Mar. 4,1887.
May 13,1887.
Aug. 1,1887.
Oct. 5,1887.
Dec. 7,1887.
Feb. 14,1888.
Apr. 30,1888.
June 20,1888
Oct. 4,1888.
Dec. 12,1888.
Feb. 26,1889
May 13,1889
July 12,1889.
Sept. 80,1889.
Dec. 11,1889.
Feb. 28,1890.
May 17,1890
July 18,1890
Oct. 2,1890.
Dec. 19,1890
Feb. 26,1891
May 4,1891
July 9,1891.
Sept. 25,1891.
No. of
banks.
2,467
2,485
2,518
2,552
2,589
2,590
2,612
2,644
2,676
2,724
2,756
2,778
2,787
2,809
2,827
2,847
2,858
2,878
2,914
2,944
2,992
3, 026
3,076
3,125
3,151
3,207
3,241
3,265
3,296
3,309
3,333
Net deposits.
$570, 838, 327
580, 879,155
596, 051,483
611, 733, 799
623,886,736
637, 564,136
651,697,492
675, 355, 824
682, 845, 855
682,963,777
690,622,007
684, 059,721
707, 423,152
707, 530, 013
711, 849, 213
739, 325, 350
730, 883, 243
757, 591, 413
769, 817, 794
789, 081, 203
807, 628,795
807, 532,815
833, 504, 222
845, 329, 596
835, 341, 554
859, 249, 215
819,407,422
828,643,459
847, 402, 314
846, 759,676
861, 837,570
Reserve required.
$85, 625, 749
87,131, 873
89,407,722
91, 760, 069
93, 583, 010
95,634,620
97, 754, 624
101, 303,374
102, 426, 878
102, 444, 566
103, 593, 301
102, 608,958
106,113,472
106,129, 502
106, 777, 382
110, 898, 802
109, 632,486
113, 638,712
115,472, 669
118, 362,180
121,144, 318
121,129, 922
125,025, 633
126, 799, 439
124,301, 233
128, 887, 382
122,911,113
124,296, 519
127,110, 347
127, 013, 951
129,275, 635
BESERVE
Oct. 30,1885.
Dec. 24,1885.
Mar. 1,1886.
June 3,1886.
Aug. 27,1886.
Oct. 7,1886.
Dec. 28,1886.
Mar. 4,1887.
May 13,1887.
Aug. 1,1887.
Oct. 5,1887.
Dec. 7, 1887.
Feb. 14,1888.
Apr. 30,1888.
June 30,1888
Oct. 4,1888.
Dec. 12,1888.
Feb. 26,1889
May 13,1889
July 12,1889
Sept. 30,1889
Dec. 11,1889
Feb. 28,1890.
May 17,1890.
July 18,1890
Oct. 2,1890.
Dec. 19,1890.
Feb. 26,1891
May 4,1891.
July 9,1891.
Sept. 25,1891.
247
247
360
257
260
262
263
265
279
290
293
292
290
289
293
293
292
291
292
295
298
300
307
313
333
333
332
335
337
343
344
677,333, 060
666,672,097
701,576,125
683,992,858
656,759, 355
664, 245,121
671,648,508
712,504,320
721,869,242
706,708,847
697,767,889
695,790,194
747,718, 913
752, 040,152
791,629, 383
804,241, 438
774,053,284
840,117,539
858,084, 652
875,916, 968
847,868, 586
801,625,021
844, 646, 301
858, 292, 596
900,058,542
899,412,106
814, 046,939
877,391,354
897, 207, 393
887, 727,112
896,799,099
169,333, 265
166,668,024
175, 394,031
170,998,214
164,189, 838
166,061, 280
167,912,127
178,126, 082
180,467, 310
176,677, 212
174,441, 972
173, 947, 548
186, 929, 728
188, 010,038
197,907, 346
201,060, 359
193,513, 321
210,029, 385
2i4, 521,163
218, 979, 242
211,967,147
200, 406,255
211,161, 575
214, 573,149
225,014, 635
224, 853, 027
203,511,735
219, 347, 838
224, 301, 848
221, 937, 778
224,199,774
REPORT OF THE COMPTROLLER OF THE CURRENCY.
159
SHOWN LY THE REPORTS FROM OCTOBER 1, 1885, TO SEPTEMBER 25, 1891.
TEERITOBIES.
Classjifi cation of reserve held.
Eeserve held.
Amount.
$177,470, 804
181, 357, 249
181,591,775
181, 552, 648
188,847,786
186,191, 889
192,278, 974
203, 307, 527
198, 863,737
189, 537, 562
190. 919,164
185, 803,160
201,787,492
193, 936,932
199,159, 391
209, 844, 956
200, 111, 504
224,480, 351
223, 875, 655
229,353, 725
224, 634,194
212, 516,298
233,749,310
223, 205,878
222,203, 056
225, 523, 671
210, 262, 300
229,938, 230
225,163,434
224, 652, 075
235,508,045
Katio
to liabilities.
T „—„!
Specie.
JLegal
tenders.
United States
Due
Redempcertificates of from reserve tion fund with
Treasurer.
deposit.
agents.
Per cent.
31.1
31.2
30.4
29.6
30.2
29.2
29.5
30.1
29.1
27.7
27.6
27.2
28.5
27.4
28.0
28.4
27.4
29.6
29.1
29.1
27.8
26.3
28.0
26.4
26.6
26.2
25.7
27.7
26.6
26.5
27.3
$41,467,335
42,195,802
45,138, 994
49, 082, 209
47,370, 313
47, 824, 967
50, 326, 819
50, 884,172
51,145, 531
48,955, 455
50, 821, 078
51, 696, 357
51, 835, 866
50, 988, 350
49,123, 698
50,188, 336
50, 661, 056
52, 214, 875
53, 549,166
53,312, 874
50,467, 987
52,496, 023
55,084, 885
52,896,449
52, 752, 311
54, 250,695
57, 551, 701
61, 575, 870
61,303,140
62, 776, 089
60, 314, 566
$29, 375,936
28, 898, 910
27, 257, 991
29,256,191
28, 214, 619
29, 672,277
31, 879,137
30, 643, 368
32,418,634
30,878,291
32,129,936
31, 997,316
o2, 264,784
33, 260, 054
31, 021, 956
33, 789,747
33, 326, 867
34, 734, 244
36, 235,912
36, 758, 352
35,712,394
37,389,775
38, 450, 332
36,823,184
36,674,235
37, 218, 060
37, 562, 841
36, 682,708
36,124, 884
36,038,178
36,394,059
$500,000
530, 000
475,000
465,000
460, 000
460,000
500, 000
555, 000
545,000
470,000
475, 000
520, 000
510,000
515, 000
505, 000
680, 000
530, 000
855,000
705, 000
485, 000
510, 000
510,000
505,000
475,000
440, 000
440, 000
445, 000
425, 000
425,000
415,000
440, 000
$95,954,541
99, 687, 965
98,901,439
93,459, 713
103, 642, 532
99,493, 068
101,746, 037
113, 943, 928
107,857,035
102, 597,807
100, 879,879
95,002, 425
110, 693, 685
102,759,410
112,183,937
118,950, 556
109, 573, 502
130,841, 596
127, 753, 288
133,246, 766
132,423,322
116,716,620
134,379,587
127, 639,363
127,015,635
128,452,576
109, 582,313
126, 076,254
122,115,434
120, 273, 937
132,984,453
35.1
32.4
32.1
31.0
28.6
28.7
29.9
30.1
29.5
29.2
29.1
28.2
30.5
30.0
30.6
29.4
29.5
30.9
31.1
29.5
27.7
27.8
28.1
28.0
27.9
28.1
28.7
29.8
29.4
30.1
29.2
133,405,237
123,158, 550
126,476,925
108,377, 660
101,630,179
108, 562, 730
116, 656,737
120, 794, 734
116,170,136
116,148, 755
114, 254, 376
107,544, 286
121,99*. 748
121,085,661
132,168, 579
127, 799,480
122, 073,222
130, 069,926
131, 627, 286
122, 590, 995
113, 858,462
118, 593,435
126,461,252
125, 269, 045
125, 851,752
.141, 668,163
132, 511, 305
139,664, 492
133, 636, 268
127, 993,448
123, 200, 509
40, 362,183
38,686,556
39, 756, 895
50,400, 597
35,825,132
33,140, 045
35, 860, 691
35,584, 790
47,176,454
43, 599,051
41, 621, 319
43, 364, 659
50,052, 886
50,314,156
50,973, 687
47,309, 714
49,228,193
53, 890, 616
61, 602,473
60, 698, 480
51,039, 699
47,101,119
48,101,270
51, 265, 808
55, 806,133
43, 386, 671
44, 614, 285
52, 717, 691
60, 250, 365
64, 361,633
61,221,549
18, 300,000
11, 235, 000
11, 955, 000
11, 385, 000
7, 655, 000
5, 395, 000
5, 695, 000
7, 090, 000
7,480,000
7, 340, 000
5,715,000
5,645,000
9,610,000
8, 815, 000
11,810,000
8, 385, 000
8, 690, 000
12,930,000
12,650,000
14,405, 000
12,435,000
8, 535, 000
8, 325, 000
7, 660, 000
9,385,000
5,715, 000
5, 315,000
11, 230, 000
11, 090,000
18,430, 000
15, 280, 000
42, 402, 609
39, 551,479
43,904, 247
39, 567,423
40,072, 689
41,271, 509
40, 371,942
49, 217,253
40,210, 839
37, 672, 349
39,993, 709
37, 957, 340
44,647, 555
43, 718, 493
45, 949, 662
51,508,038
47, 013, 696
61,860, 599
59,619, 008
59, 343, 308
56, 712,959
48,173,145
53,684, 545
55,566,943
58,806,133
60,999,210
50, 638, 370
56,569, 349
57, 889,288
55, 317,148
61,005, 875
10, 014, 572
9,818,351
9,289, 535
9,160, 322
8, 741, 577
7, 826, 981
7,281,059
6, 897, 537
6,636,009
6, 613, 271
6, 587, 062
6,483,157
6,414,118
6, 324, 800
6,236, 317
6, 020, 079
5, 834, 636
5,632, 289
5, 550,733
5, 520,491
5,403,880
5,329,506
5, 371,882
5,320,875
5,162, 340
5,120,445
5,178, 398
5,194,976
5,148, 871
5,374,967
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
3,424, 960
3,360,192
3,134, 897
2, 908, 991
2, 708, 591
2,616, 438
2,229,148
1,999, 696
1, 913,048
1,705, 980
1,697,171
1,581,441
1, 510, 032
1,473, 832
1,441,037
1,319, 085
1,121,355
1,025,512
932, 917
907,087
884,568
872, 779
862, 382
929,628
984,247
961,257
948, 667
955,146
963,982
980,969
1,161, 461
1
2
g
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
$10,172,992
CITIES.
237,894, 989
215, 991, 777
225, 227, 964
212, 639,672
187, 891, 591
190, 985, 722
200,813, 518
214, 686,473
212,950,477
206, 466,135
203, 291, 575
196, 092,726
227, 815, 221
225,407,142
242, 342,965
236, 321, 317
228,126,466
259,776, 653
266,431, 684
257, 944,870
234,930, 688
223,275,478
237,434,449
240,691, 421
250,833, 366
252,720, 301
234,027, 627
261,136, 678
263, 829,903
267, 083,198
261, 869, 394
UKPOUT OF THE COMPTROLLER
OF THE
CURRENCY.
TABLE SHOWING, BY GEOGRAPHICAL DIVISION'S, THE RESERVE CITIES AND CENTRAL
RESERVE CITIES, THE XUMIJKK OF BANKS IN OPERATION AT EVERY DATE ON WHICH
REPORTS OF CONDITION HAVE IJEEN MADE, FUOM MARCH 11, 1882, TO SEPTEMBER
25, 1891, INCLUSIVE, TOGETHER WITH THE AMOUNT OF RESERVE REQUIRED AND
THE AMOUNT HELD AT EACH OF THOSE DATES, AND THE CLASSIFICATION OF THE
RESERVE HELD, SHOWING AMOUNTS AND PERCENTAGES IN EACH CASE.
[Division No. 1.—Maine, New Hampshire, Vermont, Massachusetts, "Rhode Island, and Connecticut, excluding reserve cities.]
Reserve h eld.
Dates.
Amount of
reserve
No.
required,
15
of
janks per cent of
net deposits.
Amount.
1882.
Ar nount.
With reserve
Five
agents (9 per cent.) per cent
redempR a ;io. Amount.
Ratio. tion fund.
Per ct.
Per ct.
7 24 $17, 716,653 17. 76
7. 4G
19,488, 807 19.40
7. 34
17, 833, 751 17. 25
7. 29
16, 949,161 15.9G
7. 56
20, 509, 42G 18.93
$7, 223. 511
7, 495,171
7, 585, 373
7, 916, 022
8,197, 588
15, 342, 235
15, 309, 783
15, 369, 906
16,161, 030
16,426,477
28, 288, 564
27, 968, G28
28, 844, 230
31, 164, 435
34, 548,821
27. 6G
27.40
28. 15
28. 93
31. 55
7, 552,020
7, 495, 846
7, G85, 718
7, 650, 678
8,144, 345
7. 38
7. 34
7. 50
7. 10
7. 44
16, 299,167
16, 040,299
16, 722, 029
19, 099, 0G7
21, 905,101
15. 94
15.72
16. 32
17.73
20. 06
4, 437, 377
4, 432, 583
4, 436, 483
4, 414, 690
4, 439,375
514
514
514
514
515
15, 959, 007
10, 081, 733
15,103, G8G
15, 614, 046
15, 216,181
32, 510, 901
31, 256, 427
27, 470, 663
32, 199, 345
31, 576, 643
30. 56
27.15
27.28
30. 93
31. 13
7, 875, 750
8, 138, 314
8, 231, 410
8,199, 770
8, 273, 291
7. 40
20, 374, 517
18, 787,103
14, 972, 792
19, 833, 278
19, 211,124
19.15
17. 52
14.87
19.05
18.94
4, 260, 634
4, 331,010
4, 266, 461
4, 166, 297
4, 092, 228
514
511
512
506
50G
15,553,913
16, 093, 617
16, 589, 066
17, 218, 577
17,150, 864
33, 563, 396
34, 886, 766
34, 597, 448
34, 416, 314
32, 831, 670
32. 37
32. 52
31. 31
29. 98
28.71
8, 410, 689
8, 641, 121
8, 951, 595
9, 549, 345
9, 502, 800
9.12
21, 146, 721
22, 184,176
21, G37, 813
20, 832.605
19, 311, 376
20.39
20.68
19. 58
18.15
16.89
3, 999, 986
4, 061,469
4, 008,040
4, 034, 364
3, 957, 494
507
510
509
510
511
17,185, 207
16, 473, 718
17, 388, 516
18, 295, 909
17, 815,957
32, 588, 870
32, 509, 786
31, 345. 788
35, 7G2, 441
33, 229, 398
28. 44
27 91
27 04
29* 32
27. 98
9, 772, 588
10, 304, 208
10, 31G, 259
10, 335. 491
10, 888, 902
8 53
18, 969, 980
18, 555, 748
17, 449, 280
21 995, 854
19, 338, 260
16.56
15.93
15.05
18.03
16.28
3, 846, 302
3, 649,830
3, 580, 249
3, 431,096
3, 002, 236
511
513
512
512
514
17, 464,118
17, 918,113
17,228,499
17, 758, 954
17, 341, 009
34,081 099
33, 854, 311
28 645, 014
32 079 549
29 625 990
29. 27
27. 92
24 94
27 10
25 64
10 261, GG3
10 470, 24!)
10, 202, 057
10 081, 047
10 310, 792
8.81
21, 137,117
20 384, 444
16 106, 385
19 698, 402
17, 045,118
18.15
17.06
14.02
16.64
14.74
2, 682,319
2, 499, 618
2, 335, 972
2, 300,100
2, 264, 080
514
514
515
515
516
18, 229, 528
18, 287, 862
18, 929, 571
19, 889, 593
19, 338, 797
33 096, 440
32, 928 907
35 172 829
36 547 994
33 598 583
27 23
27 01
27 87
27 56
26.06
9
10
10
10
10
937. 033
402 52G
047, 520
745, 7G5
784, 645
8 18
8 53
928, 685
330, 966
986, 251
704, 062
835,576
17.22
16.68
18.21
17. 88
16.16
2, 230,122
2, 195, 415
2,139, 058
2, 098,167
1, 978, 362
517
518
521
522
523
19,631,288
20, 634, 607
21,622, 302
21, 643, 953
20,841, 025
36. 075
40 294
40 580
38 925
33, 648
27.57
29 29
28 15
26 97
24 22
10
11
11
11
11
535
125,
779
534
673
537
890
205
535
180
8.05
8.09
8 17
7 99
8 40
23 657, 943
27 409, 248
27 066, 971
25, 693, 206
20 382,427
18.08
19.92
18.77
17.81
14.67
1, 882, 425
1, 759, 357
1, 734. 171
1, 697, 5C4
1, 592,971
524
527
527
527
527
20, 878, 978
21, 229, 739
22.127, 475
22,292,444
20,763, 952
36
36
37
37
34
300 363
242 622
817 047
510 300
649, 318
26
25
25
25
25
08
61
64
24
03
11
11
12
12
12
504
090
364
182
134
237
798
578
922
781
8
7
8
8
8
23
23
23
23
21
270,173
622,164
909, 780
896,058
119, 223
16.72
16.61
16.21
16.08
15.26
1, 525, 953
1, 529, 660
1, 542, 688
1 431, 320
1,395, 314
528
528
530
530
20,499,189
21, 301, 304
22, 232, 922
21,827, 710
33
35
41
38
004 361
962; 153
004 138
281 908
24
25
27
2G
15
32
70
31
12 034
12,111
13 388
12 789
234
658
475
925
8 81
19 554,271
22; 443, 506
26, 267, 239
23 964,951
14.31
15.80
17.72
16. 47
1 415,
1 406,
1 408,
1, 527,
Mar. 1 3 . . .
May 1 . . . .
J u n e 22..Oct.2....Dec. 31 . . .
1884.
Mar. 7..-Apr. 24...
J u n e 20...
Sent. 30...
Dec. 20 . . .
1885.
Mar. 10...
May 6
July 1..-.
Oct. 1 . . - Doc. 24 . . .
507
509
510
511
512
Feb. 26 . .
May 4 . . .
July 9...
Sept. 25..
La wful money (C
per cent).
Per ct.
29. 55
31. 31
28. 8G
27. 00
30.59
502
503
504
505
507
1888.
Feb. 14...
Apr. 30...
J u n e 30...
Oct. 4
Dec. 12 . . .
1889.
Feb. 2 6 . . .
May 1 3 . . .
July 12...
Sept. 3 0 . . .
Dec. 11 . .
1890.
Feb. 28 . . .
May 17..
July 18...
Oct. 2 . . . .
Dec. 19 . .
1891.
Ratio.
$14,962,799 $29, 478,618
35,068,764
31. 457, 478
15, 505, 375
29, 835, 966
16, 296, 302
29, 332, 584
33, 151, 031
16, 254, 969
Mar. 1 1 . . .
May 19...
July 1....
Oct. 3
Dec. 30 . . .
1883.
188G.
Mar.
J u n e 31 . . . .
Aug. 27...
Oct. 7
Dec. 28 . . 1887.
Mar. 4 . . . .
May 1 3 . . .
Aug.l...Oct. 5
Dec. 7 . . . .
Cla^ sificat ion of reserv e held.
905
495
347
305
578
7.59
8.17
7. 88
8. 16
8. 05
8. 10
8. 32
8.36
8.85
8 90
8.47
9. 17
8
8
8
8
77
88
51
92
7.90
8 11
8 37
26
84
38
20
77
8.53
9 03
8 79
20
20
22
23
20
54, 538,454
4, 473, 500
4, 416, 842
4, 467,401
4, 444,017
856
989
424
032
REPORT OF THE COMPTROLLER OF THE CURRENCY.
161
T A B L E SHOWING, B Y GEOGRAPHICAL DIVISIONS, THE R E S E R V E CITIES AND CENTRAL
R E S E R V E CITIES, T H E N U M B E R OF BANKS IN OPERATION, ETC.—Continued.
[Division No. 2.—New York, New Jersey, and Pennsylvania, excluding reserve cities.]
Reserve held.
Classification of reserve held.
Amount of
reserve reLawful
money
(6
With reserve
Five
quired, 15
of
Dates.
per cent).
agents (9 per cent). per cent
banks per cent of Amount. Ratio.
redempnet deposits.
Amount. Ratio. Amount. Eatio. tion
fund.
No.
1882.
Per ct.
Per ct
8.90 $30,249, 865
29.32 $14,546,614
30,100,831
15,827, 208 9.56
29.63
29,217,784
15,228,446
9.05
28.23
28,868, 395
15,881,906
9.27
27.92
28,338,020
27.21 16,667, 008 9.43
Per ct.
18.51
18.19
17.36
16.85
16.04
Mar. 11...
May 19...
Julyl....
Oct.3
507
514
515
515
521
$24,513,805
24,825, 609
25,243,576
25, 702,599
26,500,579
$47,919,202
49,038, 897
47,501,012
47,834,868
48,071,228
Mar. 13...
May 1--..
June 22...
Oct.2
Dec. 3 1 . . .
525
532
537
545
549
26,151,831
26, 557,410
46,409, 027
26,885,132
26,992.446
48,307,519
45,564,935
50,817,532
48,979,043
50,577,804
27.71
25. 74
28.86
27.33
28.11
15,232,686
16,603,462
16,240,341
16,912,419
17, 734,066
8.74
9.38
9.22
9.44
9.86
30,026,506
25,905, 781
31, 528,884
29,011, 331
29,840,086
17.22 3,048,327
14.63 3,055,692
17.91 3,048, 327
16.19 3, 055,293
16.58 3,003,652
550
554
561
563
560
27,003,470
27,240,954
25, 502, 692
25,245,939
24,531,549
53,829,445
53,358,232
45,241,688
49,189, 650
50,799, 720
29.90
29.38
26.61
29.23
31.06
16,983,453
18,854,082
18,801,649
18,694,389
18,036,445
9.43
10.38
11.06
11.11
11.03
33,924,115
31,556,160
23, 558,015
27, 634,801
29, 977,889
18.84
17.38
13.86
16.42
18.33
2,921,877
2, 947,990
2,881,974
2,860, 460
2,785,386
559
559
561
557
567
25,258,857
25, 204,559
25,615,062
26,291,732
26,843, 401
55,463,538
53, 071, 039
51,945,847
56,170,958
58,345, 580
32.94
31.58
30.42
32.05
32.60
18,925,754
20,044, 604
19,178, 305
20,055,448
18,913,441
11.24
11.93
11.23
11.44
10.57
33, 766,999
30, 262,857
30,033, 212
33,297,308
36,653,591
20.05
18.01
17.59
19.00
20.48
2,770,785
2, 763,578
2, 734,330
2, 818,202
2,778,548
570
571
572
572
575
27,453,354
27,533, 873
28,253,322
28,830,549
28,792, 675
56,026,945 30.61
54, 618,391 29.75
56,916,208 30.21
54,836,089 28.53
53,341,795 27.79
18,960,011
20,795,357
20,185,336
20,192, 341
20,260,434
10.36
11.33
10.71
10.51
10.61
34, 334,359
31, 241,898
34,176, 300
32,249,120
30,849.802
18.76
17.02
18.14
16.78
16.07
2, 732,575
2, 581,136
2,554, 572
2,394, 628
2,131,559
576
580
586
587
591
29, 020,465
29, 685, 015
29,837,428
30,064,960
30,090,137
54,867,767
56,268,209
51,561, 676
52,990,784
52,172,378
28.36
28.48
25.82
26.44
26.01
19,405,628
20,193,151
19,291,157
19,775,576
20,038,795
10.03
10.20
9.70
9.87
9.99
33,449,631
34,160,474
30, 226,408
31,370,441
30, 215,646
17.29
17.26
15.20
15.65
15.01
2,012,508
1,914, 584
2,844, 111
1,844, 767
1,817,937
593
596
598
601
603
31,181, 582
31,422, 827
31,184, 265
32,659,379
32,191,080
57,520,460
55,782, 017
56,274, 855
62,056,372
57,440,943
27.67
26.63
27.07
28.50
26.77
20, 111, 377
20,936,380
19,371, 217
21,624,500
20,803,560
9.67
9.99
9.31
9.93
9.69
35,617,574
33,066,277
35,146,229
38, 705,110
34,986,054
17.13 1,791,509
15. 78 1,779,360
16.91 1,757,400
17.78 1,726, 762
16.30 1,651,329
603
607
608
615
617
32,774,651
33,020,608
33,539,199
34,329,752
34, 059,110
63,083,678
62, 586,794
64,388, 650
61,470,079
56,484,694
28.96
28.43
28.78
26.86
24.88
21,144,626
21,670,363
21,675,391
20, 987,608
21,179,732
9.68
9.84
9.69
9.17
9.23
40,351,399
39, 393,656
41,229,456
39, 007,885
33,867,848
18.47
17.89
18.43
17.04
14.91
1,587,653
1,522,775
1,483,803
1,474,586
1,437,114
625
629
626
633
640
34,511,854
34, 518,143
33, 516,164
34,306,011
32,687,250
61,087,952
56,982, 396
57,433,692
56,273,548
52,770,142
26.55
24.76
25.70
24.65
24.22
21,451,064
20, 335,343
20, 674,806
20, 867,126
21,676,126
9.32
8.84
9.25
9.12
9.95
38, 212,896
35, 226, 537
35,410, 567
34,120,446
29,824,190
16.61
15.31
15.85
14.92
13.64
1,423,992
1,420,516
1,348,319
1,285,976
1,269,826
647
655
657
658
33,316,855
33,826,152
33,855,163
34,601,023
60,131,790
57,359, 851
58,352,449
60,307,438
27.07
25.44
25.85
26.14
22,198,571
21,838,831
23,393, 089
22,805,835
10.00
9.68
10.36
9.89
36,659,926
34, 242, 908
33,695,293
36, 214, 263
16.51
15.18
14.92
15.70
1,273,293
1,278,112
1,264,067
1,287,340
Dec. 3 0 . . .
1883.
$3,122,723
3,110,858
3, 054, 782
3, 084,567
3, 066,200
1884.
Mar. 7....
Apr. 24...
June 20...
Sept. 30...
Dec. 20 . . .
1885.
Mar. 10...
May 6 . . . .
Julyl....
Oct.l
Dec. 2 4 . . .
1886.
Mar.l....
June 3 . . .
Aug. 27...
Oct.7
Dec.28 . . .
1887.
Mar. 4 . . . .
May 1 3 . . .
Aug.l ...
Oct.5 . . . .
Dec. 7
1888.
Feb. 1 4 . . .
Apr. 3 0 . . .
June 30...
Oct. 4
Dec. 1 2 . . .
1889.
Feb. 26...
May 1 3 . . .
J u l y 12...
Sept. 30...
Dec. 1 1 . . .
1890.
Feb. 2 8 . . .
May 17.-.
July 18*..
Oct.2
Dec. 19 . . .
18Q1
Xoyji.
Feb. 26...
May 4....
July9....
Sept. 2 5 . . .
•Brooklyn transferred to division No. 9 from July 18,1890.
11167
11
162
SEPOliT OF THE COMPTROLLER OF THE CURRENCY.
TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES AND CENTRAL
RESERVE CITIES, THE NUMBER OF BANKS IN OPERATION, ETC.—Continued.
[Division No. 3.-—Delaware, Maryland, Virginia, West Virginia, and the District of Columbia, excluding reserve cities.]
Dates.
Amount of
No. reserve reof
quired, 15
)anks' per cent of
net deposits.
Amount.
Ratio.
"With reserve
Five
agents (9 per cent). per cent
redemplatio. Amount. Ratio. tion fund.
Lawful money (6
per cent)
Amount.
1882.
Mar. 11..May 19...
July 1-...
Oct.3
Dec. 30 . . .
Classification of reserve3 held.
Reserve held.
y
74
74
76
77
$3, 326.580
3, 229^ 343
3, 293, 618
3,600, 294
3,559,250
$6,300, 888
5,846, 228
6, 330, 795
7,027, 363
6,432,974
Per ct.
28.41
27.16
28.83
29.28
27.11
$2,702,126
2, 867,270
2,951,218
2,883,425
2,943,333
12.18
13.32
13.44
12.01
12.40
$3,212, 987
2, 597, 775
3, 000,277
3,752,436
3,098,400
77
77
78
82
82
3,527,516
3,528,471
3, 621, 398
4,152, 516
3,998,036
5, 733, 788
5, 790, 224
6,406, 495
7,383, 800
6, 620, 987
24.38
24.61
26.54
26.67
24.82
2, 337, 863
2, 713, 896
2, 774, 761
3, 088,038
3,018, 536
9.94
11.54
11.49
11.15
11.33
3, 008,054
2,691, 467
3,243, 785
3,901,193
3,210,691
83
83
83
88
88
3, 877, 353
3, 812,038
3, 513,153
3, 702, 825
3,365,854
6,822, 590
6, 446, 814
5,375,113
6, 837,101
6, 467,992
20. 36
25.37
22.95
27. 70
28.82
2,873,867 11.12
3, 045,651 11.98
2,975,931 12.71
3,220,417 13.05
2,942,926 13.12
88
87
87
88
80
3, 361,044
2,854,130
2, 919, 436
3,286, 346
3,162,147
6,282,532
5,624, 698
5, 311, 397
7,338,927
7, 070,981
28.04
29.56
27.29
33.50
33.54
3,043, 637
2,985,242
2, 758, 277
3,134, 687
2, 887, 760
89
90
91
89
91
3,163, 328
3,259,103
3, 490,359
3, 525, 434
3,459,845
6, 579,113
6,761, 881
3, 337, 721
7,125, 856
6,826,991
31.20
31.12
31.53
30. 32
29.60
3.079, 948
3^ 414,420
3, 313, 468
3,405,443
3,124,102
91
92
93
94
94
3,541, 988
3,434, 211
3, 681,532
3, 789, 907
3,748,997
6,685,225
6, 233, 763
6,591, 665
6,641,421
6,728,437
28.31
27.16
26.86
26.29
26.92
3,061,122
3,351,755
3, 397,925
3,402,471
3,329,980
94
94
95
96
96
3,827,479
3,789, 898
3,902,911
4,364, 275
4,159,106
6,737, 364
6, 554, 763
6, 688. 570
8,474, 938
7, 612, 357
26.40
25.94
25.71
29.13
27.45
96
98
102
104
105
4,210, 619
4,129, 743
4,262,053
4,433,299
4,285,277
7,830, 630
7,338,116
7,356, 738
7, 390, 267
7, 058,474
107
108
110
112
113
4,364,478
4,559, 745
3,888,424
5,127,124
4,821,664
7,384, 234
7,767, 257
8, 567, 845
8,665,176
8,137,749
115
116
117
121
4,870,435
4,867,413
4,945,034
5,211,836
8, 552,098 26.34
8,078,827 24.90
8,368, 584 25.38
9,103,332 26.20
73
er ct.
Per ct.
14.49 $1,385,775
12.07
381,183
13.66
379,300
15.63
391, 502
13.06
391,241
1883.
Mar. 1 3 . . .
May 1 . . . .
June 22 . .
Oct. 2
Dec. 3 1 . . .
12.79
11.44
13.44
14.09
12.05
387,871
384, 861
387,949
394,569
391,760
3, 582,688 13.86
3,027,832 11.91
2, 025,960 8.65
3,246,528 13 15
3,164,161 14.10
366,035
373,331
373,222
370,156
360,905
13.58
15.69
14.17
14.31
13.70
2, 895,186
2, 289,321
2,199, 965
3, 850, 486
3,825, 340
12.92
12.03
11.30
17.57
18.15
343,709
350,135
353,155
353,754
357,881
14.60
15.71
14.24
14.49
13.54
3,153,202
3,034,136
3, 714,380
3,414,134
3,414, 702
14.95
13.97
15.96
14.53
14.80
345,963
313,325
309,873
306, 279
288,187
12.96
14.64
13.84
13.47
13.32
3,370, 568
2, 640, 664
2, 952,617
3,004,141
3,157,971
14.27
11.53
12.03
11.89
12.64
253,535
241,344
241,123
234,809
240,476
3,272, 849
3,340, 776
3,320,174
3, 672,305
3, 502,069
12. 83
13.22
12.76
12.62
12. 63
3,236,123
2,988, 503
3,15C, 750
4, 582,280
3,898,858
12.68
11.83
12.11
15.75
14.06
228,392
225, 484
217, 646
220,353
211,430
27.90
26.65
25.89
25. 00
24.71
3, 583, 377
3, 852, 493
3,634.247
3,387,152
3, 483,691
12.77
13.99
12.77
11.46
12.19
4,043,241
3,283,684
3,528, 845
3,808, 964
3,399,343
14.40
11.93
12.42
12.89
11.90
204,012
201, 939
193, 64t>
,194,151
,175,440
25.38
25.55
26.28
25. 35
25.32
3,252,139
3, 652, 805
3,689, 922
3, 925,154
4,178,148
11.18
12.02
11.32
11.48
13.00
3,956,771
3,942,458
4,701, 987
4,575, 269
3,793,410
13.60
12.97
14.43
13.39
11.-80
175,324
171,994
175, 935
164,753
166,191
4,157,438 12.84
4,553, 151 14.03
4,424,507 13.42
4,351,771 12.52
4,225,817
3,355,717
3,774,134
4,562,235
13.01
10.34
11.42
13.13
168,843
169,959
169,943
189,326
1884.
M
a r . 724.-.
-...
Apr.
June 20 ..
Sept. 30...
Dec. 20 . . .
1885.
Mar. 10...
May 6 . . . .
July 1...Oct.l . . . .
Dec. 24 . . .
1886.
M
J u an re. l3. .. ....
Aug. 27...
Oct. 7
Dec. 28 . . .
1887.
Mar. 4 . . . .
May 13 . . .
Aug. 1 . . .
Oct.5
Dec.7....
1888.
Feb. 14...
Apr.
30...
June 30...
Oct. 4
Dec. 12 . . .
1889.
Feb. 2 6 . . .
May 1 3 . . .
July 12...
Sept. 30 ..
Dec. 1 1 . . .
1890.
Feb. 2 8 . . .
May 1 7 . . .
July 18...
Oct.2
Dec. 19 . . .
1891.
Feb. 2 6 . . .
May 4 . . . .
July 9....
Sept. 2 5 . .
•
REPORT OF THE COMPTROLLER OF THE CURRENCY.
163
T A B L E SHOWING, B Y GEOGRAPHICAL D I V I S I O N S , THE KESKRVE C I T I E S AND CENTRAL
R E S E R V E C I T I E S , T H E N U M B E R O F BANKS I N OPERATION, ETC.—Continued.
[Division No. 4.—North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana,
Texas, Arkansas, Kentucky, and Tennessee, excluding reserve cities.]
Dates.
Amount of
No.
reserve reof
quired, 15
banks per cent of
net deposits.
E e serve held.
Amount.
Eatio.
Classification of reserve held.
Lawful money (6
per cent).
With reserve
agents (9 per cent).
Amount.
Eatio.
Amount.
Five
per cent
redempEatio. tion fund.
$5,466, 058
5,419, 385
5,227,153
4,771, 326
6,340,182
Per ct
15.81
16.54
15. 33
13. 59
15.91
$3,758, 544
3, 906, 752
4, 313, 224
3, 827, 425
5, 584, 656
Per ct.
10.87
11.92
12. 65
10.90
14.01
789, 230
792. 367
786,443
793, 894
793,817
1882.
May 1 1 . . .
May 1 9 . . .
Julyl....
Oct. 3 . . . .
Dec.30 . . .
141
144
148
154
159
Per ct.
$5,185, 281 $10,013,832 28.97
4, 915,899
10,118, 504 30.87
5,115, 956
10, 326, 820 30.28
5,266,274
9,392, 645 26.75
5,978, 914
12,718, 655 31.91
1883.
Mar. 1 3 . . .
Mayl....
June22 . .
Oct. 2 . . . .
Dec. 3 1 . . .
164
169
175
191
197
6,116, 981
6,190, 892
6,143, 331
6,267, 968
6,761, 077
13,254,160
12, 890,743
12, 353, 975
10, 275,182
12, 940,873
32.50
31.23
30.16
24.59
28.71
6, 396,960
6, 543, 434
6, 475, 724
6, 589, 276
6, 968,159
15.69
15.85
15.81
15.77
15.46
6, 086,199
5, 555, 724
5, 075, 892
3, 887, 690
5,170, 209
14.92
13. 46
12. 39
9.30
11.48
771,001
791, 585
802, 359
798, 216
802, 505
201
204
208
216
220
6, 816, 062
6, 874, 431
6,449,163
6,042, 864
6,491,216
13,644, 672
12,348, 517
11, 364,136
11,168, 565
14,560,732
30.03
26.95
26.43
27.72
33.67
6, 883, 358
6, 803,162
6, 826,409
6, 334. 635
7, 007, 016
15.15
14.84
15,88
15.72
16.19
5, 979, 687
4, 762, 025
3, 782, 006
4, 087, 448
6, 806, 367
13.16
10. 39
8.80
10.15
15.73
781, 627
783, 330
755,721
746,482
747,349
226
229
232
232
235
6, 669, 784
6,483, 495
6,442, 590
6,388, 330
7,142, 914
15,098,820
13, 065,477
12, 404, 357
11,874,404
15,834, 011
33.96
30.23
28.88
27.88
33.25
7,964,807
7, 563, 398
7,159, 393
6,826. 279
8, 001, 784
17.91
17.50
16.67
16. 03
16.80
6, 385,184
4, 765, 739
4, 532,187
4,322,638
7,141, 940
14. 36
11. 03
10.55
10.15
15.00
748, 829
736, 340
712,777
725,487
690, 287
Mar.l....
June 3 . . .
Aug. 27...
Oct. 7
Dee.28 . . .
240
245
251
251
253
7, 583, 952
7, 493, 063
7, 301, 499
7, 520,093
8, 863,744
16,308, 788
15, 598, 452
13, 956, 929
13,597,692
21,096, 851
32. 26
31.23
28. 67
27.12
35.70
8, 523, 863
8,108,413
7, 650, 399
7, 565,181
9, 659,357
16.86
16. 23
15.72
15. 09
16. 35
7,114,169
6, 863,196
5, 699, 062
5, 474, 973
10, 914, 071
14.07
13.74
11.71
10.92
18.47
670,756
626, 843
607, 468
557, 538
523,423
1887.
Mar. 4 . . . .
May 1 3 . . .
Aug.l....
Oct. 5
Dec.7....
265
279
290
296
301
9,951,682
9, 403,413
9, 227,123
9,183, 326
9,671,142
22,483, 366
18,093, 369
15, 981, 046
16, 341, 034
18, 963,708
33.89
28.86
25.98
26.69
29.41
10, 365, 065 15.62
9, 623,458 15.35
8,924, 833 14.51
9, 728, 521 15.89
10, 375, 365 16.10
11, 607, 039
7, 965, 043
6, 555, 611
6,100,154
8, 072, 837
17.50
12.71
10. 66
9.96
12.52
511,262
504, 868
500, 602
512, 359
515,506
305
307
313
318
321
10,241, 743
9,775,180
9, 683, 437
9,543, 970
10,201,944
21,109,205 30.92
17,945,763 27.54
17, 925, 943 27.77
16,380,467 25.74
19, 622,145 28.85
11, 248, 310
9, 916, 320
9, 397, 854
9,557, 311
9, 752, 368
16.47
15.22
14.56
15.02
14.34
9, 353,121
7, 522, 773
8, 027,614
6, 338, 284
9, 382,165
13.70
11.54
12.44
9.96
13.79
507. 774
506, 670
500, 475
484, 872
487, 612
324
339
346
364
374
11,495, 298
11,100, 507
11, 035, 036
11, 566, 487
12, 872, 658
26,797, 309
22,345, 576
20, 836, 091
20,014,741
24, 737,345
12,195, 333 15.91
11,482, 281 15. 52
11,054, 098 15.03
10,771,020 13.97
11,495, 248 13,39
14,122, 446
10, 385, 059
9, 301,242
8, 756,707
12,731, 317
18.42
14.03
12.64
11.36
14.84
479,530
478, 236
480,751
487,014
510,780
Dec. 1 9 . . .
393
406
424
448
459
14,175,895
13, 714, 057
13, 739, 545
13,710,442
13, 510,003
30,120,238 81.87
23,414, 837 25. 61
21, 907, 965 23.92
22,104, 528 24.18
23,155, 918 25.71
14,846, 750
12,862.873
12,097, 302
12,400, 753
13,418,057
15.71
14. 07
13.21
13.57
14.90
14,753,742 15.61
10,017, 319 10.96
9, 268,102 10.12
9,139, 407 10.00
9,173,073 10.18
519, 746
534, 645
542, 560
564, 368
564, 788
1891.
Feb. 2 6 . . .
Mav4....
July 9 . . .
Sept. 2 5 . . .
467
477
479
478
13,804, 224
13,436, 294
12, 738,158
12, 036, 628
26,336, 774
22,473,091
21,332,300
20,885,765
14,779, 794
12, 991,105
12, 403, 539
11, 898, 504
16.06
14.50
14.61
10, 970,713
8, 891, 629
8,344,235
8,394,262
11.92
9.93
9.83
10.46
586, 267
590, 357
584,526
592,999
1884.
Mar. 7 . . . .
Apr. 24...
J u n e 20 . .
Sept. 30 . .
Dec. 2 0 . . .
1885.
Mar. 1 0 . . .
May6....
Julyl....
Oct. 1 . . . .
Dec. 24 . . .
1886.
1888.
Feb. 1 4 . . .
Apr, 3 0 . . .
J u n e 30 . .
Oct.4. . . .
Dec. 1 2 . . .
1889.
Feb. 2 6 . . .
May 1 3 . . .
July 12...
Sept. 3 0 . . .
Dec. 11 . . .
1890.
Feb.28 . . .
May 1 7 . . .
July 18...
Octf2....
34.97
30.20
28.32
25.96
28.83
28.62
25.09
25.12
26.03
14.83
164
REPORT OF THE COMPTROLLER OF THE CURRENCY.
TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES AND CENTRAL
RESERVE CITIES, THE NUMBER OF BANKS IN OPERATION, ETC.—Continued.
[Division No . 5.—Ohio, Indiana, Illinois, Mich igan, and Wisconsin excluding reserve cities.]
Dates.
Amount of
No.
reserve reof
quired, 15
banks per cent of
net deposits.
Classification of reserve held.
Reserve held.
Amount.
Ratio.
Lawful moiley (6
per ceni )•.
"With reserve
Five
per cent
Ratio. tion fund.
agents (9 per cent).
Amount.
Ratio.
29.78
30.22
29.82
27.99
28.51
$17, 235,102
17,572,569
16,982, 358
17,205, 670
17,947,739
Per ct.
13.58
14.04
13.43
13.39
13.57
$18,689,973
18,358,481
18, 910,821
16, 875,972
16,905,680
Amount.
redemp-
1882.
Perct.
Perct.
Mar. 1 1 . . .
May 1 9 . . .
Julyl....
Oct.3
Dec.30 . . .
503
512
514
519
523
$19,032,152
18, 777, 697
18, 063,931
19, 272,709
18,845,485
$27,800,100
37, 819,405
37, 703, 899
35, 9G9, 848
35,817, 290
looo.
Mar. 1 3 . . .
Mayl . . . .
June 22...
Oct.2
Dec. 31 . . .
530
536
544
554
554
19,081,960
18,892, 570
18, 680,838
18, 563,099
17,961,597
36,507,835
34,009,157
32,831, 223
34,705,552
34,790,630
27.17
27.00
25.14
28.04
29.05
16,401,301
17,003,342
15. 616,973
16,503, 659
16,853,215
12.89
13.50
12.54
13.34
14.07
18, 281,364
15,146,613
15, 394,648
16, 347,350
16,142,536
14.38
12.03
12.36
13.21
13.48
1,825,170
1,859,202
1, 819,607
1,854,543
1, 794,879
1884.
Mar. 7 . . . .
Apr. 2 4 . . .
June 20...
Sept.30...
Dec. 20 . . .
558
560
569
574
572
17,808, 933
17,392, 601
16, 640, 340
15, 784, 480
15,040,275
34, 832, 320
32, 294, 594
30, 968, 073
31, 545, 494
33,478,235
29.34
27.81
29.15
29.98
33.39
16,461,984
16,913, 978
16,186,847
16,127, 236
15,563, 364
13.87
14.59
14. 59
15.33
15.52
16,636,811
13,623,182
13,081. 876
13, 764,179
16,332, 719
14.01
11.75
11.79
13.08
16.29
1,733,525
1,757,434
1,699,350
1,654,079
1,582,152
1885.
Mar. 1 0 . . .
May 6 . . . .
Julyl....
Oct.l . . . .
Dec. 24 . . .
567
568
567
570
570
15,800,692
15,954,519
16,118,869
16,501,187
16,497,191
36,876,186
35,963,168
36,162,987
37,477,345
36,226,910
35.07
33.81
33.65
34.07
32.93
16, 882, 609
17,117,106
15,936,895
17, 019, 462
16,050, 698
16.03
16.09
14.83
15.47
14.59
18,475, 898
17, 336, 757
18, 738,134
18, 934,890
18, 653,616
17.54
16.30
17.45
17.21
16.96
1,517,679
1,509, 305
1,487,958
1,522, 993
1,522,596
1886.
Mar.l....
June 3 . . .
Aug. 27...
Oct77
Dec. 28 . . .
571
575
582
580
576
17,184,663
17,452,850
18,315, 951
18,438,101
18,828; 474
38,467, 958
36, 682,622
41, 364,412
39,891,410
40,251,058
33.57
31.53
33.88
32.45
32.07
16,692,494
17,849,509
17,118.272
17,974,624
18,082,937
14.57
15.34
14.02
14.62
14.41
20, 284, 810
17,426,446
22, 867, 315
20,594, 220
20, 974,170
17.78
14.98
18.73
16.75
16.71
1,490,654
1,406,667
1,378, 825
1, 322,566
1,193,951
1887.
Mar. 4 . . . .
May 1 3 . . .
Aug.l
Oct. 5
Dec. 7
582
584
594
598
600
19,446,236
20,082,778
20, 814,218
20,570, 959
20, 237,953
42,186, 629
41, 866, 938
44,475,533
40,983,916
39,116,212
32.54
31.27
32.05
29.88
28.99
18,037, 638
19, 111, 576
18,401, 230
19,171,016
18,425,529
13.91
14.27
13.26
13.98
13.66
23,012,354
21, 673,404
25,021, 687
20,771,852
19, 629,800
17.75
16.19
18.03
15.14
14.55
1,136,637
1,081,958
1, 052,616
1,041,048
1,060,883
Dec. 12 . . .
603
606
609
611
615
20,788,469
20, 795,516
20, 756, 627
21,297,373
21,150,669
40,918,158
39,175,386
39,806, 200
42, 224,352
42,096,506
29.52
28.26
28.77
29.74
20.85
18.290,041
18, 869, 677
17, 754, 453
18,466,510
18,089,328
13.20
13.61
12.83
13.01
12.83
21, 600,663
19,298,656
21, 045,051
22,763,433
23,025,148
15.59
13.92
15.21
16.03
16.33
1,027,454
1,007,053
1,006,696
994,409
982,030
1889.
Feb.26 . . .
May 1 3 . . .
July 12...
Sept. 3 0 . . .
Dec. 11 . . .
620
622
624
626
630
22,108,190
22,532,982
23,197,384
23,355,251
23,037, 979
46,152,837
45,216, 707
48,488, 996
47,310,106
43,421,760
31.31
30.10
31.35
30.39
28.27
18,299,545
19,984,145
20,064, 249
19,052,153
19,053,439
12.42
13.30
12.97
12.24
12.41
26,888,639
24,287,408
27,489,594
27,327, 970
23,439,190
18.24
16.17
17.78
17.55
15.26
964,653
945,154
935,153
929,983
929,131
Dec. 19 . . .
635
644
650
650
655
23,999,083
24,458,347
25,234, 240
25, 804, 618
25,120,570
47,348,221
45,815,953
47,608, 327
48,563, 276
46,041,343
29.59
28.10
28.30
28.23
27.49
19,385,160
19,214,280
19,719,230
20,149,638
20,682,244
12.12
11.78
11.72
11.72
12.35
27,043,136
25,672,588
26,955,389
27,493, 759
24,449,070
16.90
15.74
16.02
15.98
14.60
919,925
929,085
933, 708
919, 879
910,029
1891.
Feb. 2 6 . . .
May 4
July 9....
Sept. 2 5 . . .
654
657
660
663
26,052, 632
26,750, 845
27,027,984
28,583,963
52,449,599
50,936, 356
49,363,907
56, 669,154
30.20
28.56
27.40
29.74
21,751,135
22.312,368
22,496,481
23,177,047
12.52
12.51
12.49
12.16
29,785,731
27,709,586
25,973,487
32,572,518
17.15
15.54
14.41
17.06
912,733
914,402
893.939
919,589
1888.
Feb. 14 . . .
Apr. 3 0 . . .
J u n e 30 . .
Oct.4
1890.
Feb. 2 8 . . .
May 17 . . .
July 18...
Oct.2
14.73 $1,965,025
14.67 1,888,355
14.96 1, 810,720
13.13 1,888,206
13.46 1,863,871
REPORT OF THE COMPTROLLER OP THE CURRENCY. 165
TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES AND CENTRAL
RESERVE CITIES, THE NUMBER OF BANKS IN OPERATION, ETC.—Continued.
[Division No. 6.—Iowa, Minnesota, Missouri, Kansas, and Nebraska (Omaha transferred to division
No. 9, October 5, 1887; Kansas City and St. Joseph transferred to division No. 9, May 13, 1887), excluding reserre cities.]
•
Reserve held.
No.
Dates.
Amount of
reserve required, 15
of
banks per cent of Amount.
net deposits.
1882.
Classification of reserve held.
Lawful money (6
With reserve
Five
agents (9 per cent). per cent
per cent).
Ratio.
redempRatio. Amount.
Amount.
Ratio. tion fund.
157
165
171
184
197
$6,541,424
6,707,034
6,945,887
7,211,774
7,314,811
$11,849,967
12,348, 739
12,192, 356
11,866,093
12,985,546
Per ct.
27.17
27.62
26.33
24.68
26.63
$5,719,125
5,557,107
5, 865, 877
5,934,099
6,513,480
Per ct.
13.11
12.43
12.67
12.34
13. 35
$5,665, 681
6, 323, 635
5, 866,168
5,440, 789
5,975,158
Per ct.
12.99
14.14
12.68
11.32
12.25
$465,161
467,997
460, 311
491, 205
496,908
iOod.
Mar. 1 3 . . .
Mayl....
June 22...
Oct. 2
Dec. 31 . . .
1884.
207
216
227
257
270
7,692,300
8,007, 308
8, 669, 016
9,087,854
9,269,439
13,786,065
13,928, 636
16,331,528
15,692,927
16,068,106
26.88
26.09
28.26
25.90
26.00
6,048,070
6,926,476
6,739, 738
7, 240,980
7,756,806
11.79
12.98
11.66
11.95
12.55
7,237,137
6,496, 862
9,100, 816
7,922, 362
7,788, 201
14.11
12.17
15.75
13.08
12.60
500,858
505, 298
490,974
529,585
523.099
Mar.7.-..
Apr. 2 4 . . .
J u n e 20 . .
Sept. 30...
Dec.20 . . .
287
298
309
329
329
9,365,609
9,712,119
9,546,762
9,158, 231
8,643,147
16,334,768
17,385,106
16,682,585
16,305,178
15,874,452
26.16
26.85
26.21
26.70
27.55
7, 297,414
8,463,096
9, 366,090
8,130, 878
7,734,917
11.69
13.07
14.72
13.32
13.42
8,526, 486
8,406,680
6, 806,044
7,677, 976
7,642,884
13.66
12.98
10.69
12.58
13.26
510,868
515, 330
510,451
494,324
496,651
336
340
346
359
363
9,202,146
9,643,675
10,105,532
10,526,279
10,511,542
18,064,151
19,112,996
20,186, 373
19,159, 727
19,128,184
29.45
29.73
29.96
27.30
27.30
8,442,274
8, 803, 813
8,868,049
8, 896,805
9,309,286
13.76
13.69
13.16
12.68
13.28
9,131,647
9,806,853
10,827,681
9, 768, 829
9, 315,121
14.89
15.25
16.07
13.92
13.29
490,230
502,330
490, 643
494,093
503,777
377
391
404
406
418
10,872,988
12,203,046
12,349, 300
12, 377,733
12, 811,418
19,373,302
23, 020, 432
24, 464,927
21,931, 867
23,073,002
26.73
28.30
29.72
26.58
26.99
8,838,140
11,204,906
10,229,545
11,019,342
11,752,951
12.19
13.77
12.43
13.35
13.76
10,043,854
11,339,220
13,747,424
10,422,066
10,848,107
13.86
13.94
16.70
12.63
12.70
491,308
476, 306
487,953
490,459
451,944
427
428
438
455
462
14,184, 873
13,368,183
12,435,313
12,258,402
11,440,774
27,752, 343
26,723,837
25, 056, 695
22,367, 310
20, 023,408
29.35
29.99
30.22
27.37
26.25
11, 860,366
12,010, 369
10,458,690
10,275, 484
9, 831,122
12.54
13.48
12.62
12.57
12.89
15,441,590
14,290,849
14,175,769
11,660, 633
9,753,960
16. 33
16.04
17.10
14.27
12.79
450,387
422,619
422, 236
431,193
438,326
460
468
471
476
480
11,915,472
12,191,175
12,423,419
12,646,574
12,102,288
24,167,651
24, 217,974
25,363, 996
23,898, 707
20,169, 802
30.42
29.80
30.62
28.35
25.00
10,418,840
10, 851,912
10, 547,101
10,011,697
10,197,298
13.12
13.35
12.73
11.87
12.64
13,308, 830
12,924, 379
14, 367, 358
13,436, 321
9,520,418
16.75
15.90
17.35
15.94
11.80
439, 981
441, 683
449, 537
450,689
452,086
Feb. 2 6 . . .
May 1 3 . . .
July 12...
Sept. 30...
Dec. 11 . . .
487
490
497
503
516
12,420, 637
12,585, 262
12,925,286
13,015, 631
13,209,115
22,812, 398
23,606, 074
24, 386,425
23,831, 360
23,663,534
27.55
28.13
28.30
27.46
26.87
10,019,197
10, 460,419
10,374, 952
9, 352, 807
10,728,448
12.10
12.47
12.04
10.78
12.18
12,336, 471
12, 687, 257
13, 553,976
14,013, 997
12,464, 371
14.90
15.12
15.73
16.15
14.15
456,
458.
457,
464,
470,
Feb. 2 8 . . .
May 1 7 . . .
J u l y 18*..
Oct. 2
Dec. 19 . . .
1891.
522
531
522
529
526
14, 037,495
14,672,003
11,820, 328
12, 650,537
12,020,926
26,557,782
28,417,458
23, 587,972
25,045, 606
21, 890,313
28.38
29.05
29.93
29.70
27.32
10,142,221
10,129,389
8, 660, 227
9, 037, 219
9,113,606
10.84
10.36
10.99
10.72
11.37
15,945, 079
17,803, 225
14,559, 610
15,542,676
12,303,422
17.04
18.20
18.48
18.43
15.36
470,481
484,844
462,949
465,711
473,285
Feb. 26 . . .
May 4 . . . .
525
526
525
534
12,152,020
12,807,895
12,271, 889
12,709,609
24,124,918
24,484,899
21,873, 399
24,150,965
29.78
28.68
26.74
28.53
9,109,692
9, 383,476
9,271,189
8, 975, 641
11.24
10.99
11.33
10.59
14, 548,746
14, 634,337
12,140,446
14,702, 969
17.96
17.14
14.84
17.35
466,480
467,086
461,704
472,355
Mar. 1 1 . . .
May 1 9 . . .
Julyl.'...
Oct.3
Dec.30 . . .
1QQQ
-IQQK
JLooO.
Mar. 10...
May6....
Julyl....
Oct. 1 . . . .
Dec. 24 . . .
1886.
Mar.l....
June 3 .. .
Aug. 27...
Oct.7
Dec.28 . . .
1887.
Mar. 4 . . . .
May 1 3 . . .
Aug.l....
Oct.5
Dec.7 . . . .
1888.
Feb. 14..Apr. 30.. J u n e 30 . .
Oct. 4
Dec. 12 . . .
July9t--Sept. 25...
* St. Paul and Minneapolis transferred to division No. 9 from J u l y 18, 1890.
tDes Moines transferred to division No. 9 from July 9,1891.
730
398
497
556
715
166
REPORT OF THE COMPTROLLER OF THE CURRENCY.
TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES AND CENTRAL
RESERVE CITIES, THE NUMBER OP BANKS IN OPERATION, ETC.—Continued.
[Division No. 7.—Colorado, Nevada, California, and Oregon, excluding reserve cities.]
Dates.
Amount of
No. reserve reof
quired, 15
banks percent of#
net deposits'
Reserve held.
Amount.
Ratio.
Classification of reserve held
With reserve
Five
agents (9 per cent). per cent
redempRatio. Amount. Ratio. ;ion fund.
Lawful money (6
percent).
Amount.
1882.
Mar. 1 1 . . .
May 19...
Julyl....
Oct. 3
Dec. 3 1 . . .
Per et.
Per ct.
Per et.
31.53 $2, 542,858 14.83 $2,758,864 16.08
2, 637, 314 14.69
32.72
3,122,481 17.40
2, 460, 625 13.72
31.69
3,109,475 17.34
2, 794,278 14.63
32.69
3,330,785 17.44
3,166,266 16.56
33.37
3,096,131 16.20
30
31
32
32
33
$2, 576,675
2, 696, 322
2,693, 926
2, 868,124
2,871,064
$5,408,452
5, 872, 661
5, 682,235
6, 241,813
6, 379,306
33
34
38
43
42
2, 866,867
2, 890, 642
2, 984, 656
3,206,008
3,241,147
6,081,382
5,487,840
6,355, 648
5,839, 540
6,447,703
31.86
28.51
31.97
27.35
29.88
3, 594, 598
3,133, 202
3,203,157
3, 098, 370
3, 558,027
18.83
16.28
16.11
14.51
16.50
2,374,534
2,240, 755
3,033,366
2, 619, 307
2,763,101
12.44
11.64
15.26
12.27
12.80
112,250
113,883
119,125
121, 863
126,575
43
43
45
46
47
3,009,761
3,028,531
2, 748,621
2, 660,548
2, 560,777
5,626, 902
5, 791,614
5,492, 659
5, 798, 359
5, 524,939
28.08
28.68
29.97
32.69
32.36
3,217, 300
3, 207,082
3, 664,908
3, 346, 017
3,180,260
16.05
15.88
20.00
18.86
18.63
2, 287, 585
2,462,898
1, 717, 837
2, 341,155
2,239,427
11.46
12.20
9.37
13.20
13.12
122,008
121,634
109, 914
111, 187
105,252
47
49
50
51
54
2, 663,353
2, 683,438
2,721, 004
2, 920, 866
3,189,900
5,978, 551
5,699, 692
5,697, 478
6, 635, 005
7,038, 522
33.67
31.86
31.41
34.07
33.10
3,450, 529
3,336, 534
2, 966, 876
3, 260, 554
3,732, 709
19.43
18.65
16.36
16.74
17.55
2,419,586
2, 256,198
2, 626,141
3, 264,417
3,192, 688
13.63
12.61
14.48
16.76
15.01
108,436
106, 960
104,461
110, 034
113,125
57
61
67
68
71
3,329, 624
3, 598, 749
3, 863, 286
3,971, 589
4, 329, 961
7,529, 982
7, 672, 897
8, 288, 012
7,896, 910
9, 221, 771
33.92
31.98
32.18
29.83
31.95
3, 947,515
4, 034, 927
4, 096, 387
4,104, 213
5, 276, 940
17.78
16.82
15.91
15.50
18.28
3,465, 653
3,527, 877
4,075, 587
3, 672, 731
3,828,979
15.61
14.70
15.82
13.87
13.26
116,814
110,093
116,038
119, 966
115,853
71
75
83
86
86
4,
5,
5,
6,
6,
674,444
276,435
719, 220
330,097
291, 325
10,289, 333
11, 540, 554
11, 799,916
13, 784, 605
12, 882,230
33.02
32.81
30.95
32.66
30.71
5, 672, 302
5, 990, 889
6,134, 729
7, 276, 703
7,540,479
18.20
17.03
16.09
17.24
17.98
4,504,028
5,438, 612
5, 548,590
6, 385,396
5, 218,778
14.45
15,46
14.55
15.13
12.44
113,003
611,053
116,507
122,506
122,973
87
94
96
86
96
6,149,731
6,042, 609
5, 924, 963
6,036, 317
5,935, 642
12,446, 902
11,396, 749
11, 634, 948
12, 503, 944
11,717,229
30.36
28.29
29.46
31.07
29.61
7,457,014
6, 557, 882
6, 338,182
6,338, 048
6,789,265
18.19
1G.28
16.05
16*. 05
17.16
4,861,593
4,708 066
5,171,147
6,034, 811
4,800,478
11.86
11.69
13.09
15,00
12.13
128,295
130,801
125,619
131, 085
127,486
98
102
102
107
109
6, 215,145
6,418, 048
6,469, 509
6, 871, 682
6,822, 808
13,833,283
13, 674,031
14,125,458
15,136, 846
13,759,793
33.39
31.96
32.75
33.04
30.25
7,408,611
7,084, 911
7,124,899
6, 826,811
7,133,411
17.88
16.56
16.52
14.90
15.16
6,297,797
6, 459,741
6,870.159
8,181,249
6,489, 222
15.20
15.10
15.93
17.86
14.27
126,875
129, 379
130,400
128, 786
137,160
111
114
118
120
123
6,985,597
7,280, 605
7,407, 945
7,973,078
7,220, 289
14,398, 961
14,457,219
14,436, 316
15, 402, 798
12, 965,412
30.92
29.79
29. 23
28. 98
26.94
7,499, 805
7,148, 956
6, 844,093
7,188,163
7,689, 352
16.10
14.73
13.85
13.52
15.97
6,756,913
7,166, 979
7,450,124
8,070,144
5,126,361
14.51
14.77
15.08
15.18
10.65
142, 243
141, 284
142,099
144,491
149,699
126
127
125
125
7,002.973 " 13,974,031
7,441,637
14, 707,475
13, 418, 378
7,253, 722
14,066,112
7,410,697
29.93
29.65
29.75
28.47
7,904,310
8, 210, 360
7,670, 382
16.93
16.55
15.86
5, 916,675
6,335,458
5, 590,972
6,782,556
12.67
12.77
11.56
13.73
153,046
161,657
157,024
170,605
$106,730
112,866
112,135
116,750
116,909
1883.
Mar. 13...
Mayl....
June 22 ..
Oct. 2 . . . .
Dec. 3 1 . . .
1884.
Mar. 7 . . . .
Apr. 24...
June 20 ..
Sept. 30 ..
Dec. 2 0 . . .
1885.
Mar. 10...
May 6....
Julyl....
Oct.l . . . .
Dec. 24 . . .
1886.
Mar.l...June 2 ...
Aug. 27 ..
Oct.7 . . . .
Dec.28...
1887.
Mar. 4 . . . .
May 13...
Aug.l ...
Oct5....
Dec. 7 . . . .
1OQO
looo.
Feb. 1 4 . . .
Apr. 30...
J u n e 30 ..
Oct. 4
Dec. 1 2 . . .
1889.
Feb. 2 6 . . .
May 13...
J u l y 12 ..
Sept. 30 ..
Dec. 1 1 . . .
1890.
Feb. 2 8 . . .
May 17...
J u l y 18...
Oct.2 . . . .
Dec. 19 . . .
1891.
Feb. 2 6 . . .
May 4 . . . .
July9....
Sept. 25 . .
7,112,951 14.40
REPORT OF THE COMPTROLLER OF THE CURRENCY.
167
T A B L E SHOWING, B Y GEOGRAPHICAL DIVISIONS, THE R E S E R V E C I T I E S AND CENTRAL
R E S E R V E C I T I E S , T H E N U M B E R OF BANKS I N OPERATION, ETC.—Continued.
[Division No. 8—Arizona, Dakota, Montana, New Mexico, Utah, Washington, Wyoming, Oklahoma,
and Indian Territory.]
Amount of
No. reserve reof
quired, 15
Dates.
banks per cent of
net deposits.
Reserve 1leld.
Classification of reserve held.
Amount.
Lawful money (6
With reserve
Five
per cent).
agents (9 percent). per cent
Ratio.
redempAmount. Ratio. Amount. Ratio. tion fund.
1882.
32
38
38
41
48
$1,144,970
1,340,349
1,379,900
1, 662,285
.1,815, 318
$1,864,032
2,242, 753
2,335,024
2,686,299
3,276,376
Per ct.
24.42
25.10
25.38
24.24
27.07
$1,234,034
1,346,771
1,285,644
1,566,209
1,893,011
Per ct.
16.17
15.07
13.76
14.13
15.64
Per ct.
$547,357
7.17
803,072 8.99
970,470 10.55
1,019, 233 9.29
1, 276,446 10.55
$82,641
92,910
98,920
100,857
106,919
54
55
60
70
74
1,857,414
2,072, 505
2,234,510
2,362, 081
2,280,534
3,171,854
3,196,343
3,787,433
3,453,105
3,746,766
25.62
23.13
25.42
21.93
24.64
1,944,893
1,946, 749
1,946, 924
2,000,374
2,450,974
15.71
14.09
13.07
12.70
16.12
1,118,433 9.03
1,139, 293 8.25
1, 726,181 11.59
1, 331, 438 8.46
1,177,548 7.75
108,528
110,301
114, 328
121,293
118,244
78
84
87
87
86
2,206,520
2,256,846
2,194, 632
2,162,177
2,193,537
3,406,474
3,584,760
3,402,695
3,263,041
3,581,574
23.16
23.83
23.26
22.64
24.49
2,332,136
2,421, 783
2, 377,061
2, 077, 673
2,357,403
15.85
16.10
16.25
14.41
16.12
955, 815
1,038,881
899,284
1,066,754
1,114,624
6.50
6.90
6.15
7.40
7.62
118,523
124,096
126,350
118,614
109,547
Mar. 10...
May6....
July 1
Oct.l
Dec. 24 . . .
1886.
88
89
92
94
107
2,132,223
2,124, 749
2,317, 930
2,492,432
2, 633, 914
3,703,384
3,587,997
3,939, 596
4,420,239
4.881,391
26.05
25.33
25.48
26.60
27.80
2,525,590
2,387,887
2, 354,579
2,600, 691
3,166,234
17.77
16.86
15.24
15.65
18.03
1,068,609 7.52
1,089,153 7.69
1,473,460 9.53
1,704, 733 10.26
1,594,293 9.08
109,185
110,957
111, 557
114,815
120,864
Mar. 1....
107
109
113
114
111
2, 643, 604
2, 745, 657
2,615, 777
2,675,213
2,852,550
4,716,817
4,688,187
5,173,789
5,149,624
5,258,108
26.86
25.61
29.67
28.87
27.65
3,057,426
3,091,659
3,135,269
3, 360, 609
3,560, 333
17.41
16.89
17.98
18.79
18.70
1,535,412
1,471,191
1,913,185
1,669,970
1,577,946
8.74
8.01
10.97
9.36
8.25
123,977
125,339
125,335
119,045
119,829
121
125
128
128
130
3,019,568
3,258,730
3,501,233
3,630,696
3,787,621
4,961,765 24.65
4,782,756 22.02
5,626,017 24.13
5,730,545 -23.68
6,290,797 24.91
3,418,756
3,357, 718
3,492,525
3, 715,196
4, 255,601
16.98
15.46
14.96
15.35
16.85
1,421, 601
1, 303,545
2,010, 740
1,888,860
1,908,315
7.06
6.00
8.57
7.80
7.56
121,408
121,493
122,752
126,489
126,88L
131
130
130
132
131
3,779,467
3,824,435
3,972,189
4,461, 321
4,552, 960
5,791,312
5,935,373
6,292, 050
7,758,182
7,853,939
22. 98
23.28
23. 76
26.08
25.88
3,874,586
3,887, 931
3,874,153
4, 241, 947
4,599,390
15.38
15.25
14.63
14.26
15.15
1,787,096 7.09
1,919, 790 7.53
2,289,537
8.65
3,386,255 11.39
3,124,805 10.29
129,630
127,652
" 128,360
129,980
129,744
133
138
144
151
152
4,782,884
5,050,912
5, 311,411
5,928, 263
6, 001,950
7,894,311
8,813,862
9,191,020
10,555, 490
9,742,120
24.76
26.18
25.96
26.71
24.35
4,617,893
4, 829,576
4, 849,185
4, 778,295
5,648,649
14.48
14.34
13.69
12.09
24.12
3,143,660
3, 847,235
4,206, 523
5,633,344
3,942,902
9.86
11.43
11.88
14.25
9.85
132,758
137,051
135,312
143,851
150,569
159
166
174
188
198
6, 072,253
6,366, 800
6,567,112
7, 023,128
6,766,459
10,551,559
10,108,136
10,843,892
11,958,439
10,652,105
26.07
23.81
24. 77
25.54
23.61
5,958,841
5, 760,189
5,911,199
6,157,780
6,667,228
14.72
13.57
13.50
13.15
14.78
4,440,876
4,188, 093
4,760,076
5,614,817
3,793,564
10.77
9.87
10.87
11.99
8.41
151,842
159, 854
172,617
185,842
191,313
203
210
216
6,598,191
6,678,807
6, 689, 079
6,894,169
11,364,659
11,160, 782
10, 878,920
12,043, 371
25.84
25.07
24.40
26.20
6,748,404
6,452,075
6,181, 605
6,036,951
15.34
14.49
13.86
13.13
4,414, 375
4, 502, 293
4,488,131
5,790,699
10.04
10.11
10.06
12.60
201,880
206,414
209,184
215,721
Mar. 1 1 . . .
May 1 9 . . .
Julyl....
Oct.3
Dec. 30 . . .
1883.
Mar. 13...
Mayl...-
June 22...
Oct. 2
Dec. 31 . . .
1884.
Mar. 7....
Apr. 2 4 . . .
June 20...
Sept. 30...
Dec.20 . . .
1885.
June 3
Aug. 27...
Oct. 7
Dec.28 . . .
1887.
Mar. 4 . . . .
May 13. ..
Aug.l....
Oct.5
Dec. 7 . . . .
1888.
Feb. 14 . . .
Apr. 30...
June 30...
Oct. 4
Dec. 1 2 . . .
1889.
Feb. 2 6 . . .
May 1 3 . . .
July 12...
Sept. 30...
Dec. 11 . . .
1890.
Feb. 2 8 . . .
May 1 7 . . .
July 18*..
Oct.2t--..
Dec. 19 . . .
1891.
Feb. 26...
May4....
July 9....
Sept. 25...
224
* Oklahoma included from July 18,1890.
t Indian Territory included from Oct. 2,1890.
1G8
REPORT OF THE COMPTROLLER OF THE CURRENCY,
TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES, THE NUMBER
OF BANKS IN OPERATION, ETC.—Continued.
[Division No. 9.—Reserve cities—Boston, Albany, Philadelphia, Pittsburgh, Baltimore, Washington,
New Orleans, Louisville, Cincinnati, Cleveland, Chicago, Detroit, Milwaukee, St. Louis, and San
Francisco.]
Dates.
Amount of
No. reserve reof
quired, 25
banks per cent of
net deposits.
Reserve held.
Amount.
Classification of reserve held.
With reserve
Lawful money (12J
Five
agents (12£ per cent). per cent
per cent).
Ratio.
redempAmount. Ratio. Amount. Ratio. ion fund.
1882.
Mar. 11..
May 19..
July 1 . . .
Oct. 3 . . . .
Dec. 30 ..
1883.
Mar. 13..
Mayl...
June 22 .
Oct. 2 . . . .
Dec. 31 . .
1884.
Mar. 7 . : .
Apr. 24..
June 20 .
Sept. 30..
Dec. 20 ..
1885.
Mar. 10..
May 6...
July 1 . . .
Oct.l....
Dec. 24 . .
1886.
Mar. 1 . . .
June 3 . .
Aug. 27..
Oct. 7 . . . .
Dec. 2 8 . .
1887.
Mar. 4 . . .
May 13*.
Aug.lt..
Oct. 5 . . . .
Dec.7 ...
1888.
Feb. 14..
Apr. 30..
June 30 .
Oct. 4
Dec. 12 . .
Per ct.
Perct.
192 $77, 032,003 $93,401,093 30.31 $54, 818,246 17.79 $34,852,796
192 80,294,028 102,352,999 31.87 59, 318,593 18.47 39,467, 976
193 81, 760, 651 95,874,953 29.32 57, 206,564 17.49 35, 233, 042
193 79, 694, 569 89,143,583 27.96 52,413,086 16.44 33, 213,032
195 77,095,866 95,051,887 30.82 54, 211,536 17.58 37,282,190
Feb. 26 . .
May 13..
July 12..
Sept. 30..
Dec. 11 . .
1890.
Feb. 28 . .
May 17..
July 18 + .
Oct. 2
Dec. 19 . .
1891.
Feb. 26 . .
May4...
July 9§..
Sept. 25..
Per ct.
11.31
12.29
10.77
10.42
12.09
11.82
10.84
12.29
12.60
11.64
$3,730,051
3,566,430
3,435, 347
3,517,465
3, 558,161
198
199
200
200
202
77,419, 867 89,796,888
78,644, 546 91, 787,852
83,005,153 103,900,990
80,961,109 100, 638,235
83,646,150 105,535,835
29.00
29.18
31.29
31.08
31.54
49,661,801
54,129, 582
59, 515, 283
56,425, 507
63,273,391
16.04
17.21
17.93
17.42
18.91
36,592,761
34,090, 027
40,821, 353
40,798,990
38,944,133
202
202
204
203
203
85, 297, 591
84, 514, 593
75, 708, 561
76, 984,342
78,739, 375
111, 255, 631
104,165, 958
91,103, 676
99,022,475
103,685,153
32.61
30.81
30.08
32.16
32.92
61, 563, 512
62,160,250
59,623,045
63, 578,992
66,011,790
18.04
18.39
19.69
20.65
46,437,308 13.61 3,254, 811
38,827,197 11.49 3,178, 511
9.38 3,077, 293
32, 340, 900 10.50 3,102, 583
11.01
3,000,582
34,672,781
202
202
202
203
202
83,462,537
86,628, 766
89,118,594
91,118, 639
91,151,185
118,522,306
123,962,577
123, 423, 045
122,186, 751
117,043,608
35.50
35.77
34.62
33.52
32.11
74,383,404
80,109, 098
79,828,139
76,907,632
74,674,927
22.28
23.12
22.39
21.10
20.48
41,172,443
40, 912,049
40,661,809
42,402,600
39, 551,479
12.33
11.81
11.41
11.63
10.88
2,966,459
2,941,430
2,933,097
2, 876, 510
2,817,202
205
212
215
217
218
94, 506,304
96, 810, 237
93, 802,959
95,363,719
94,305,102
124,034, 337
122, 784,157
110,584,456
113,951,757
112, 821,235
32.81
31.71
29.42
29.88
29.91
77,446,733
80,738,933
68,232, 506
70,489,135
70,633,785
20.49
20.85
18.19
18.48
18.72
43,904,247
39, 567,423
40,072, 689
41, 271,509
40,371,942
11.61
10.22
10.68
10.82
10.70
2, 683,357
2,477, 801
2,279,261
2,191,113
1,815,508
220
210
221
223
223
99,518,660 124,447,510
86,270, 869 106,121,301
83,889,166 98, 389, 974
84, 621,164 100,714,633
84,031,602 97,132,024
31.26
30.75
29.32
29.75
73, 631, 556
64,496,954
59,504,534
59,524, 848
58,086,213
18.50
18.69
17.73
17.59
17.28
49, 217, 253
40,210, 839
37,672, 349
39, 993,709
37, 957,340
12.36
11.65
11.23
11.82
11.29
1,598,701
1,413, 508
1,213,090
1,196,076
1,088,471
221
224
224
223
88,281,912
88,841,975
93,119, 904
96, 217,307
92,796,351
107,045,750
105,914,479
113,399, 111
116,864,734
110,791,225
30.31
29.80
30.44
30.36
29.85
61,380,008
61,211,749
66, 493, 977
64,447,941
62,971,624
17.38
17.22
17.85
16.75
16.96 i
44,647,555
43,718,493
45,949, 662
51,508,038
47,013,696
12.63
12.30
12.34
13.38
12.67
1,018,187
984, 237
955,472
908,755
805,905
223
224
226
228
229
100,132,732
103, 814,057
106, 953, 841
104,752,379
99,449,783
129,178,251
132,810,931
131,366,426
121,912,119
112,113,813
32.25
31.98
30.71
29.10
28.18
66,585,765
72, 531, 581
71,388, 356
64, 592, 017
63,330, 689
16.62
17.47
16.69
15.42
15.92
61,860, 599
59,619,008
59, 343, 308
56,712, 959
48,173,145
15.44
14.36
13.87
13.54
12.09
731,887
660,342
634,762
607,143
609,979
234
239
259
259
258
102,211, 212
106,243,919
115, 477, 384
114,438,382
104,320,461
119, 560,033 29.24
122,780,265 28.89
131, 308,097 28.43
129, 777,284 28.35
120,929,702 28.98
65,270,448
66,575,944
71,778,457
68,071,517
69, 599,015
15.96
15.67
15.54
14.87
16.68
53, 684, 545
55,566,943
58, 806,133
60,999,210
50, 638, 370
13.13
13.08
12.73
13.33
12.14
605,000
637,378
723, 507
706, 557
692,317
74,395,302
78, 363,336
78,122,409
76, 990,726
17.05
17.46
17.67
17.04
56, 569,349 12.96
57,889,288 12.90
55, 317,148 12.51
61,005,875 13.50
695,246
703,342
707,844
790,031
260 109,081, 971 131, 659,897
262 112, 226,065 136,955,966
265 110,503,938 134,147,401
205 112,977,749 138,786,632
30.17
30.50
30.35
30.71
3, 542, 326
3, 568, 243
3,564,354
3,413,838
3,320,311
* Kansas City and St. Joseph included from May 13,1887, and Chicago and St. Louis transferred to
division No. 10.
tOmaha included from August 1,1887.
tMinneapolis, St. Paul, and Brooklyn included from July 18,1890.
fcDes Homes included from July 9,1891.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY.
169
TABLE SHOWING, B Y GEOGRAPHICAL DIVISIONS, T H E CENTRAL K E S E R V E C I T I E S , T H E
NUMBER OF BANKS IN OPERATION, ETC.—Continued.
[Division No. 10.—Central reserve cities—New York, Chicago, and St. Louis.]
New York City.
Dates.
1882.
Mar. 11
May 19.
Julyl..
Oct. 3 . .
Dec. 30.
1883.
Mar. 13 .
Mayl...
June 22.
Oct. 2 . . .
Dec. 31 . .
1884.
Mar. 7 . .
Apr. 24 .
June 20 .
Sept. BO .
Dec. 20..
1885.
Mar. 10 .
May 6...
Julyl...
Oct.l . . .
Dec. 24..
1886.
Mar. 1 ..
J u n e 3 ..
Aug. 27 .
Oct. 7 . . .
Dec. 28 ..
1887.
Mar. 4..
May 13.
Aug. 1 .
Oct. 5 . .
Dec. 7 . .
1888.
Feb. 14 . .
Apr. 30 .
June 30 .
Oct. 4 . . .
Dec. 12..
1889.
Feb. 26.
May 13.
J u l y 12.
Sept. 30.
Dec. 1 1 .
1890.
Feb. 28 .
May 17.
Jul'y 18.
Oct. 2 . .
Dec. 19 .
1891.
Feb. 26 ..
May 4 . . .
July 9 . . .
Sept. 25 .
Chicago.
St. Louis.
Amount
Amount
Amount
of reserve Ratio
of reserve Ratio
of reserve Ratio
No. of required,
of No. of required,
of
of
No. of required,
banka. 25 per cent
bank 25 per cent reserve banks. 25 per cent ^eserve
of net de- held.
of net de- held.
of net de- held.
posits.
posits.
posits.
$63,982, 629
66,708,718
69,337,260
63,503, 245
64, 391,245
Per et.
25.16
26.14
25.99
25.36
26.14
62,437, 901
63, 422, 340
69, 809,640
66, 735,374
69, 509,209
23.59
25.48
28.81
26.53
27.58
75, 373, 069
70, 540,863
57, 948, 702
63,737,684
68,335,552
28.94
26.65
29.82
35.63
38.29
73,191,705
74,436,136
78,181, 211
78,214, 626
75,516,839
40.12
41.48
42.47
36.98
32.76
80,887, 727
74,187,977
70, 386, 879
70,697, 561
73, 607, 025
31.28
30.28
27.46
27.24
29.89
78,607,422
74, 921, 637
73,497, 514
71,084,776
72,379,059
28.70
27.64
28.11
28.18
27.18
$16, 993, 940
16, 579,934
16,161,735
15, 537, 512
30.41
33.14
30.53
28.80
$2,280,864
2, 710,600
2,574,297
1,999, 375
36.40
31.89
26.44
29.79
80,277,202
79,168, 388
84,608,091
85, 539, 988
82,639,532
30.29
29.93
30.34
28.16
29.12
16,167,806
17,822, 500
17, 961, 506
17,332,756
16,056,945
31.68
29.75
31.37
30.24
30.88
2,202, 808
2,177,175
2,217, 845
1,970,308
2,020,493
34.05
40.11
42.10
27.07
28.90
91, 069, 618
90, 257,748
89, 801, 522
84, 536,699
79,476, 706
28.72
28.73
27.08
25.10
26.99
16, 813,643
18, 564,211
19,411,765
19, 682, 820
18,500,455
33.60
35.50
31.79
31.69
30.29
2,013,392
1,885,147
2,812,114
2,995,249
2,979,311
42.12
46.75
40.95
26.71
24.80
84,259, 377
80, 585, 344
81,702, 359
83,147,968
75s 113,249
26.17
26.39
27.05
27.81
28.11
19,020, 602
21,248,980
21,034, 078
20,721,496
18,398,815
30.47
31.01
29.09
29.98
31.42
5,670,384
6,494,906
6,800,814
6,545,181
5,679,210
28.57
25.03
24.42
21.85
24.28
84,503, 622
81,835,203
82,571,595
81,940,346
28.91
26.96
29.93
26.26
19,713,708
23,991,723
22,943,151
23,216,492
32.77
33.88
31.02
33.62
6,048,537
6, 248,857
5,913,094
6,065,187
24.49
24.40
23.78
23.83
Per et.
Per ct.
170
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AVERAGE WEEKLY DEPOSITS, CIRCULATION, AND RESERVE OF THE NATIONAL
BANKS OF NEW YORK CITY, AS REPORTED TO THE NEW YORK CLEARING HOUSE,
FOR THE MONTHS GIVEN, IN THE YEARS 1885. 1886. 1887, 1888, 1889, 1890 AND
1891.
Week
ended—
Sept. 5,1885
Sept. 12,1885
Sept. 19,1885
Sept, 26,1885
Oct. 3,1885
Oct. 10,1885
Oct. 17,1885
Oct. 24,1885
Oct. 31,1885
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
4,1886
11,1886
18,1886
25,1886
2,1886
Liabilities.
Circulation. Net deposits.
Reserve.
Total.
Specie.
Total.
Eatio to
liabilities.
Per cent.
$9, 704,700 $321,859,000 $321, 563,700 1102,921,100 $28,701,900 $131., 623, 000
9,753,300 320,910,000
330,663,300 100,255, 300 28,842, 300 129,097, 600
9, 735,800 319,060,800
328, 796,600 97, 333,200 27, 662,800 124, 996, 000
9,808, 000 316, 767,000 326, 575, 000 95, 037,900 26, 014,800 121,052,000
9,902,900 315,002, 600 324,905, 500 92,351, 600 24, 516, 600 116, 868, 200
9,921,200 315,596, 200 325, 517,400 93,642, 500 23,002,000 116,644,500
9, 954,000 317, 296, 700 327, 250, 700 91, 945,300 22,221,100 114,166,400
313,767, 200 322, 773,200 87, 309,100 21,059,800 108,368,900
10,006,000
9,989, 800 313,399, 700 323,389, 500 84, 954,600 21,874,900 106,829,500
39.70
39. 04
38.01
37.07
35.97
35.83
34.8£
33.47
33.0c
66,188,100
19,071,400
16, 929,300
15,876,700
15,252, 200
14, 607,700
13,069, 500
13,133,100
12,803,800
13,177,200
80,443,000
80,333,000
79,700, 600
81,966, 800
78,719,400
78,160,400
78,161, 700
78,472,200
79, 365, 300
27.60
27.66
27.52
28.14
27.10
27.02
25.72
26.88
27.11
59,175, 700
58, 851, 300
59, 052, 900
60,635,900
64, 619,200
64, 317,500
64, 663,100
64,918,700
66,005, 800
64,639, 800
63,791,600
18,786,100
17, 769,000
16, 389,600
16, 259,600
15, 767,500
16, 269,700
16,885,400
16, 735, 800
17,542,400
17,810, 700
18,070,800
77,961,800
76,620, 300
75,442, 500
76,895,500
80,386, 700
80, 587,200
81,548, 500
81,654, 500
83, 548,200
82, 450, 500
81,862,400
26.93
26.60
26.25
26.81
27.73
27.42
27.36
27.42
28.06
27.67
27.63
349,247,600
344, 346,000
320,888, 500
341, 887, 400
342,852, 600
356,022,100
344,271, 700
350,441, 700
350, 297, 700
349, 950, 500
73, 344,200
69, 844, 500
69,723,700
70,054,900
74,146,500
74,411,300
73,901,500
81,457, 700
81, 212, 600
80,140,200
30, 867, 300 104,031,500
28, 797, 600 98, 642,100
28,238, 900 97,962, 600
26, 320, 600 96,375, 500
24, 994,100 89,140, 600
23, 204,300 97,615,600
22,017,800 95, 919, 300
21, 386,800 102,844,500
21, 329, 800 102, 542,400
21, 700,800 101, 841,000
29.79
28.65
30.53
28.02
28.92
27.42
27.86
29.35
29.27
29.10
345, 344,200
346, 601, 000
342, 298, 800
340, 542, 700
334, 991, 500
329, 923,400
328, 225, 600
325, 328,100
325, 635, 600
320,166, 700
349, 306,100
350,574,100
346, 230,100
344, 488, 200
338,948, 600
333,867, 300
332,118,800
329,365,500
329,689,200
324,157,900
65, 635,100
63, 824, 300
60, 894, 900
60, 375,900
58,407,200
59,565, 900
62, 537,900
62,403, 200
62,450,000
61,240,500
31,687,500
30,527,100
29/468,400
28,933, 700
27,257,900
24,873,400
23, 570,300
22,715,200
22,748,700
20,416,800
97,322,600
94,351,400
90,363,300
89,309,600
85, 665,100
84,439, 300
86,108,200
85,118, 400
85,198,700
81, 657, 300
27.86
26.91
26.10
25.93
25.27
25.29
25.93
25.84
25.84
25.19
3, 690, 700
3, 700,100
3,585,700
3,479, 300
3, 505,000
3,521,300
3,518,800
3,497,200
3,500, 800
3,493,500
309,128,200
304,626,200
309,181, 200
324,335, 300
331,436, 600
325,794, 800
320,667,900
317,395, 500
314, 709,700
309, 975,100
312,818,
308,326, 300
312,76G, 900
327,814, 000
334, 941, 600
329,316,100
324,186, 700
320,892, 700
318, 210, 500
313,468, 600
68, 678, 800
56, 963, 600
63, 588, 600
79,205,500
80, 839, 400
73,148, 900
66, 552,400
65, 680,500
66, 088,800
62,360,900
19, 062, 800
19,146, 500
17,403, 400
16, 692, 300
15,353, 900
14,436,700
14,642,500
15,611,800
16,334,300
15,517,400
87, 741, 600
76,110,100
80, 992, 000
95, 897, 800
96,193,300
87,585,600
81,194,900
81,292, 300
82,423,100
77, 878,300
28.05
24.68
25.90
29.25
28. 72
26.60
25.05
25.33
25.90
24.84
5,459,400
5, 527,000
5, 501, 200
5,567,700
5,619,000
5, 629,100
5,576,500
5,573,400
5,592,600
5,587,400
332,378,600
332,578,000
335,317,300
333,004,000
331,492,100
332,294,100
339,667,000
341,023,000
343,572,700
345,411, 300
337,838,000
338,105,000
340,818,500
338,571, 700
337, 111, 100
337,923,200
345,243, 500
346,596,400
349,165, 300
350,998, 700
49,293,200
51, 750, 700
53,065, 900
52,824,200
54,783,400
59, 731, 800
65, 532, 000
69, 327, 700
71,771,500
71,728,600
44,509, 800
41,488, 500
39, 540,900
35, 676, 300
32,879,900
30, 905,700
29, 610, 500
27, 347,300
26, 779,400
23, 665,800
93,803,000
93,239,200
92, 611, 800
88, 500,500
87, 663, 300
90, 637, 500
95,142,500
96, 675, 000
98, 550, 900
95, 394,400
27.77
27. 58
27.17
26.14
26.00
26.82
27.56
27.89
28.22
27.18
9.1886
16,1886
23,1886
30.1886
8, 059, 200 283, 366, 700
8,058,000 282,417,800
8,104, 800 281,466,500
8,136,100 283,170,900
8,161,800 282, 295,800
8,110, 700 281,170, 758
8, 215,900 295,713, 900
8, 246,400 283,693,500
8, 234,900 284,522,500
291,425,900
290,475, 800
289,571,300
291, 307, 000
290, 457.600
289,281,458
303,929, 800
291,939,900
292,757, 400
61,371,600
63,403,700
63,823, 900
66, 714,600
64, 111, 700
65,090,900
65,028, 600
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
3.1887
10.1887
17,1887
24,1887
1,1887
8,1887
15,1887
22,1887
29,1887
5.1887
12.1887
8,112,000
8,115, 600
8,126, 000
8,235, 300
8,202, 500
8,186, 800
8,199,100
8, 216, 200
8,115,100
8, 046,100
8,033, 700
281,345,100
279, 915, 600
279.288, 500
278,573, 000
281,647, 300
285, 703, 700
289,861, 500
289,542, 800
289, 601, 900
289,954,700
288.289, 700
289,457,100
288,031, 200
287,414, 500
286, 808, 300
289,849, 800
293,890, 500
298,060,600
297,759,000
297,717,000
298,000,800
296,323,400
Sept.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Nov.
1.1888
8,1888
15.1888
22,1888
29,1888
6,1888
13,1888
20,1888
27.1888
3.1888
7,770, 400
7, 850,400
7,892, 900
7, 927, 700
6,836,400
6,515,300
6,516,700
6,488,700
6,484,500
6,363,200
341,477,200
336,495,600
312,995,600
333.959,700
336, 016, 200
349,506, 800
337,755,000
343,953,000
343, 813,200
343,587, 300
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
7.1889
14,1889
21.1889
28,1889
5,1889
12,1889
19,1889
26,1889
3,961,900
3,978,100
3,931,300
3,945, 500
3, 957,100
3, 943, 900
3, 893, 200
4,037,400
4,053, 600
3, 991, 200
Sept.
Sept.
Sept.
Sept.
Oct.
Oet.
Oct.
Oct.
Nov.
Nov.
6,1890
13,1890
20,1890
27,1890
4,1890
11,1890
18,1890
25.1890
1,1890
8.1890
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Nov.
5.1891
12.1891
19,1891
26,1891
3,1891
10,1891
17,1891
24,1891
31,1891
7,1891
2,1889
Legal tenders.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
171
TABLE SHOWING THE MOVEMENT OF THE RESERVE OF THE NATIONAL BANKS nr
NEW YORK CITY DURING OCTOBER FOR THE LAST FIFTEEN YEARS.
Ratio of reserve to—
Week ended—
October 6,1877
October 13,1877
October 20,1877
October 27,1877
October 5,1878
October 12,1878
October 19,1878
October 26,1878
October 4,1879
October 11,1879
October 18,1879
October 25,1879
October 2,1880
October 9,1880
October 16,1880
October 23,1880
October 30,1880
October 1,1881
October 8,1881
October 15,1881
October 22,1881
October 29,1881
October 7,1882
October 14,1882
October 21,1882
October 28,1882
October 6,1883
October 13,1883
October 20,1883
October 27,1883
October 4,1884
October 11,1884
October 18,1884
October 25,1884
October 3,1885
October 10,1885
October 17,1885
October 24,1885
October 30,1885
October 2,1886
October 9,1886
October 16,1886
October 23,1886
October 30,1886
October 1,1887
October 8,1887
October 15,1887
October 22,1887
October 29,1887
October 6,1888
October 13,1888
October 20,1888
October 27,1888
October 5,1889
October 12,1889
October 19,1889
October 26,1889
October 4,1890
October 11,1890
October 18,1890
October 25,1890
October 3,1891
October 10,1891
October 17,1891
October 24,1891.
October 31,1881
Specie.
Legal tenders.
Total.
$14,665,600 $36,168, 300 $50, 833, 900
14, 726, 500 35,178,900
49,905,400
35,101,700
14,087,400
49,189,100
34, 367,800
15,209,000
49,576, 800
38,304,900
14,995, 800
53, 300, 700
37, 685,100
12,184,600
49, 869, 700
36,576,000
13,531,400
50,107,400
35,690,500
17,384,200
53,074, 700
34, 368,000
18,979,600
53, 347,600
32, 820, 300 53, 722,100
20,901,800
24, 686, 500 29, 305, 200 53,991, 700
25,636,000
52, 349,900
26, 713,900
59, 823, 700 11,129,100
70,952,800
62, 521, 300 10, 785,000
73,306,300
62, 760, 600 10, 939, 200 73, 699, 800
60,888, 200
10, 988, 200 71,876, 400
61,471,600
10, 925, 000 72, 396, 600
54,954, 600
67,105,000
12,150, 400
53, 287, 900 12,153,800
65, 441,700
12,452, 700
51,008, 300
63, 461,000
12,496,500
54,016, 200
66, 512,700
12, 947,900
55, 961,200
68, 909,100
18, 384,500
47,016,000
65,400, 500
18, 002, 700 66,283,700
48,281, 000
17, 023, 900 66, 542,100
49,518, 200
17, 204, 700 65, 578,900
48,374, 200
20,122, 500
51,586, 700
71,709, 200
50, 894, 000 21,145, 800
72,039, 800
47, 262, 900 20, 719,700
67,982,600
46, 372, 800 20, 617,600
66,990, 400
67, 470, 600 25,817, 300
93,287,900
68,922,500
96,576,600
27,654,100
67, 579,400
27, 875, 500 95,454, 900
67, 638,000
94,992,200
27,354,200
92, 351, GOO 24,516, 600 116, 868,200
93, 642, 500 23,002, 000 116,644, 500
22,221,100 114,166,400
91,945, 300
21,059, 800 108,368,900
87, 309,100
84, 954, 600 21,874,900 106,829,500
64, 111, 700 14,607, 700
78, 719,400
65, 723, 800 13,209,100
78,932,900
13,133,100
65,228,600
78,361, 700
65, 668, 400 12, 803, 800 78,472, 200
13,177, 200
66,195,400
79, 372, 300
64, 619, 200 15,767, 500
80, 386, 700
64, 317, 500 16,229, 700
80,587, 200
16,885, 400
64, 663,100
81,548,500
16,735, 500
64,918,700
81, 654,500
17, 542, 600 82,848, 400
66,005, 800
23,204, 300
74,411, 300
97, 615, 600
22, 017, 800 95,919, 300
73,901, 500
81,457, 700
21, 386, 800 102, 844,500
81, 212, 600 21, 329, 800 102, 542,400
58,407, 200
27,247,900
85, 655,100
59, 565,900
24, 873, 400 84,439, 300
62,537,900
23,570,300
86,198,200
62,403,200
85,118,400
22, 715,200
80,839, 400
96,193,300
15,353,900
73,148, 900
87,
585,600
14,436,700
66,552,400
81,194, 900
14^ 642, 500
81,292,300
65, 680, 500 15,611, 800
87,663,300
54, 783, 400 32,879, 900
90.637, 500
59, 731, 800 30,905, 700
29, 610, 500 95j 142, 500
65, 532,000
96,675,000
69, 327, 700 27,347,300
98,550,900
26,779,400
71,771,500
Circula-
tion and Deposits.
deposits.
Per cent. Per cent.
27.0
29.5
26.7
29.2
26.5
29.0
26.8
29.4
25.7
28.4
24.4
27.0
24.7
27.3
25.8
28.5
23.3
25.8
23.4
25.9
23.5
26.1
23.0
25.5
25.4
26.4
25.4
27.2
25.5
27.1
24.8
26.6
25.0
26.7
23.1
24.8
23.1
24.9
23.2
25.0
24.6
26.6
25.6
27.4
24.0
26.3
24.7
26.6
25.0
26.8
24.8
26.5
25.5
27.0
25.4
26.8
24.5
25.9
24.5
25.9
34.5
36.3
35.2
36.9
34.8
36.5
34.6
36.3
36.0
37.1
35.8
37.0
34.9
36.0
33.5
34.5
33.0
34.1
27.1
27.9
27.0
27.7
26.7
27.4
26.9
27.7
27.1
27.9
27.7
28.5
27.4
28.2
27.3
28.1
27.4
28.2
27.8
28.6
27.4
27.9
27.8
28.4
29.3
29.9
29.3
29.8
25.3
25.6
25.3
25.6
25.9
26.2
25.8
26.2
28.7
29.0
26.6
26.9
25.0
25.3
25.3
25.6
26.0
26.4
26.8
27.3
27.6
28.0
27.9
28.3
28.2
28.7
172
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT O F R E P O R T S O F E A R N I N G S AND D I V I D E N D S
FROM SEPTEMBER 1, 1890,
o. of
States, Reserve Cities, and
banks. Capital stock.
Territories.
Maine
New Hampshire.
Vermont
Massachusetts . .
Boston
Rhode Island
Connecticut
Division No.l.
New York
New York City .
Albany
Brooklyn
New Jersey
Pennsylvania
Philadelphia
Pittsburg
Division No. 2 .
Ohio
Cincinnati..
Cleveland..
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee.
Division No. 5
Gross earnings.
$11,010,000.00
6,230,000.00
7,360, 000. 00
45,167,000.00
51,800,000.00
20,184,050.00
23,774,370.00
$2, 769,137.09 $13, 779,137.09
$949,650.90
1, 610, 282.64
7,840,282.64
542, 544.05
1,800,117.48
9,160,117.48
613,010.01
14,949,586.59
60,116, 586. 59 3, 865, 710.64
14,046,987. 56
65, 846, 987.56 3, 860, 014.46
4,590,203.01
24,774, 253.01 1, 222,205.20
7,497,556.77
31, 271,926. 77 1,974,924.83
583
165,525,420.00
47,263,871.14
261
47
6
5
94
279
44
33, 034, 060.00
48,860, 000.00
1,550, 000.00
1,352, 000.00
14,258, 350.00
35, 557, 390.00
23, 308, 000.00
10, 900, 000.00
10,117, 834.10
37,455, 235.55
1, 284, 500.00
1, 851, 722.90
6,186, 418.19
15,180, 130.48
12, 770, 803. 08
6,204, 726.23
762
168,819,800.00
91,051,370. 53
960,791. 97
1, 222,234.15
4,275,000. 00
100,000.00
956,000.00
1,965,500.00
558, 861.58
26, 818,245.00
Division No. 3 .
Division No. 4.
Capital and
surplus.
78
51
51
204
56
59
84
Delaware
Maryland
Baltimore
District of Columbia
Washington
Virginia
"West Virginia
North Carolina...
South Carolina...
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans. .
Texas
Arkansas
Kentucky
Louisville
Tennessee
Surplus.
212,789,291.14 13,028,060.09
43,151,894.10
86,315, 235.55
2,834, 500.00
3,203, 722. 90
20,444, 768.19
50,737,520.48
36,078,803.08
17,104, 726.23
3,818, 226.08
9, 655,596. 62
398, 765,94
335, 588.64
1,868, 303.25
3,928, 565.33
2,605, 463.77
1,251, 421.70
259, 871,170.53 23,861,931. 33
3, 094, 776.97
4,583,934.15
16,588,260.00
352,000.00
3,291,000.00
6, 211,800.00
2, 734,861.58
221,441.24
390,683.50
991,441.46
39,048.05
314, 233. 75
619,043.16
276,965.16
10, 038, 387. 70 36, 856. 632. 70 2,852, 856. 32
636, 311.43
884, 250.00
1,239, 466. 60
199, 925.00
1,050, 627.27
401, 700.00
176, 000.00
1,787, 500.00
3,936, 164.24
393, 670.00
2,703, 112.22
1,141, 800.00
2,158, 072.55
3,182, 311.43
265,943.86
2,682,250.00
283, 058. 72
5,190, 466. 60
479,151.91
1,349, 925.00
207, 629. 98
5,329, 627.27
488,051.20
1,541, 700.00
141,053.12
886, 000.00
97,365.45
5,412, 500.00
691,193.00
27, 330,564.24 2,804, 464.97
1,943, 670.00
223, 034.08
12, 836,012.22
973,614.66
5,793, 300. 00
391,197.62
11, 983,072.55 1,042,750.02
20
16
30
15
29
12
9
10
192
9
66
10
51
2,546, 000.00
1, 798,000. 00
3,951, 000.00
1,150, 000.00
4,279,000.00
1,140, 000.00
710, 000.00
3, 625, 000. 00
23,394,400.00
1,550,000. 00
10,132,900.00
4,651,500.00
9,825,000.00
469
68,752,800.00
16, 708,599. 31
85,461,399.31
8,088,208. 59
209
13
10
100
178
20
25,419,000.00
8,900,000.00
6,750,000.00
12,652,000.00
15,230,290.00
16,100,000.00
10,979, 600.00
4,400,000.00
5,945,000.00
850,000.00
6,504, 801.01
2, 349,500.00
1, 340,000.00
4,080, 464.03
4,850. 954.96
7,480, 000. 00
2, 970.260. 02
602, 000.00
1,646, 870.81
475, 000. 00
31,923, 801.01
11,249, 500. 00
8, 090,000. 00
16, 732,464.03
20, 087,244.96
23, 580,000.00
13,949, 860.02
5,002, 000.00
7,591, 870.81
1, 325,000.00
2, 621,830. 63
1, 012, 874.32
614,823. 34
1,653,331.69
2,064,641.37
2,772,381.40
1,399,488.40
564,375.27
834, 947. 66
186,815.59
107,225,890.00
32,305,850.83
65
705
139,531,740.83 13,725,509.67
REPORT OF THE COMPTROLLER OF THE CURRENCY.
173
OF NATIONAL BANKS IN THE UNITED STATES.
TO MARCH 1. 1891.
Charged off.
Losses and
premiums.
Ratios.
Expenses and Net earnings.
taxes.
Dividends.
$115,759.81
72, 782.61
86,972. 84
628,498. 05
315,946.44
228, 605.14
357,474.06
$217,648.66
144,775.00
169,032.20
1, 371, 261.11
1, 363,701.30
230,396.93
449, 990.51
$616,242.43
324,986.44
357,004.97
1,865, 951. 48
2,180, 366. 72
763,203.13
1,167,460.26
$441,975.00
344,850.00
262,500.00
1,561,660.03
1,441,491.20
590,702.25
887, 295. 00
1,806,038.95
3,946,805.71
7,275,215.43
5,530,473.48
488, 642. 04
1,184,879.08
198,360.94
46,556.13
195,929.60
526, 263. 52
259,016.12
88, 308.41
1,428, 565.29
4,014,638.63
154,368.17
113, 224. 96
589, 357. 88
1,095,587.59
950, 977.51
391,736. 54
1,901,018.75
4,456, 078.91
46, 036. 83
175, 807. 55
1,083,015.77
2, 306, 714. 22
1, 395, 470.14
771,376. 75
1,234,565.20
2,386,468. 82
69,000. 00
90,600.00
635,784.00
1,340,121.10
833,000. 00
402,000.00
2,987,955.84
8, 738,456. 57
12,135,518.92
6, 991,539.12
24,487.34
35, 534.73
159, 220.89
2,000.00
37, 290.56
51, 215. 76
25,447.59
56,864.18
161,874.55
288, 060.58
9,622. 99
127, 775. 79
225,181.53
95,182.85
140,089. 72
193,274. 22
544,159.99
27, 425.06
149,167. 40
342, 645.87
156, 334. 72
105,061.82
129,944.04
424,308.30
10,080.00
59,500.00
181,235.00
75, 280.00
335,196.87
964,562.47
1,553,096. 98
985,409.16
45,051.92
26,690.45
24,834.93
10,801.16
81,889.05
5, 220.31
3,125.18
140,179.93
225,570.98
28,252.21
77,680.76
16,970.95
101,878.22
91, 535.18
107,144. 59
211, 228. 06
93, 701.02
186,735. 20
68,530. 21
35,940. 67
331, 990. 64
957, 365. 83
63,288.36
278,060. 82
139, 373. 29
392,010.88
129,356.76
149,223 68
243,088. 92
103,127. 80
219,426. 95
67, 302. 60
58,299.60
219,022.43
1, 621, 228.16
131,493.51
617,873.08
234, 853. 38
548, 860.92
101,750.00
83,120.00
197,224.36
52,725.05
163,235.00
60,750.00
26,400.00
155,750.00
976,568.64
92, 500.00
361, 394.00
149, 060. 00
349,500.00
788,146.05
2,956,904.75
4, 343,157. 79
2, 769,977. 05
250,830.28
64,555.91
44, 697.83
189,134.96
191,598.72
253,908.59
130,060.10
63,733.57
39,353.68
36,461.76
937, 861.93
349,649.18
232, 408.10
554,384.13
' 643, 734.92
1,058,379.90
472,802.72
320,135. 53
328,951. 94
92,067. 31
1,433,138. 42
598,669, 23
337, 717. 41
909, 812.60
1,229, 307.73
1, 460, 092. 91
796, 625.58
180,506.17
466, 642.04
58,286.52
1,197,885.45
342,500.00
215,000.00
639,980.00
786,940.00
648,000.00
486,727.08
150,000.00
241,720. 72
42,000.00
1,264,335.40
4,990,375.66
7,470,798. 61
4, 750,753. 25
Net earn- Dividends
ings to
to capital Dividends
and
capital and
to capital.
surplus.
surplus.
Per cent.
4.47
4.15
3.90
3.10
3.31
3.08
3.73
3.42
Per cent.
3.21
4.40
2.87
2.60
2.18
2.38
2.84
2.59
Per cent.
4.01
5.54
3.57
3.46
2.78
2.93
3.73
4.40
5.16
1.62
5.49
5.30
4.55
3.87
4.51
4.67
2.86
2.76
2.43
2.83
3.11
2.64
2.31
2.35
2.69
3.74
4.88
4.45
6.70
4.46
3.76
3.57
3.69
4.14
8
9
10
11
12
13
14
15
4.53
4.22
3.28
7.79
4.53
5.52
5.72
4.21
3.39
2.83
2.56
2.86
1.81
2.92
2.75
2.67
4.92
3.81
3.45
4.00
2.55
4.27
3.46
3.67
16
17
18
19
20
21
22
4.06
5.56
4.68
7.64
4.12
4.37
6.58
4.05
5.93
6.77
4.81
4.05
4.58
5.20
3.20
3.10
3.80
3.90
3.06
3.94
2.98
2.88
3.84
4.76
2.82
2.57
2.92
3.32
4.00 23
4.62 24
4.99 25
4.58 26
3.81 27
5. £3 28
3.72 29
4.30 30
4.17 31
5.96 32
3.57 33
3.20 34
3.51 35
4.14
4.49
5.32
4.17
5.44
6.12
6.19
5.71
3.61
6.15
4.40
5.35
3.75
3.04
2.66
3.82
3.92
2.75
3.49
3.00
3.18
3.17
3.40
4.71
3.85
3.19
5.06
5.17
4.00
4.43
3.41
4.07
4.94
4.43
1
2
3
4
5
6
7
3.34
16
36
37
38
39
40
41
42
43
44
45
174
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT OF R E P O H T S OF E A R N I N G S AND D I V I D E N D S O F
FROM SEPTEMBER 1, 1890,
States, Reserve Cities, and No. of Capital stock.
Territories.
banks.
Iowa
Minnesota
St.Paul
Minneapolis
Missouri
St. Louis
Kansas City
St. Joseph
Kansas
Nebraska
Omaha
Division No. 6
$3,016, 516.67
972, 575. 64
1, 304, 500.00
444,000.00
687, 545. 56
1,271,000.00
1,011, 500.00
177,000.00
1,975, 209.94
1,532,935.80
546,500.00
566
76, 654, 390.00
12, 939, 283. 61
89, 593, 673.61
8,420,014,47
7,415, 000. 00
282.000.00
5,975, 000.00
2,500, 000. 00
3,063, 000.00
200,000.00
1,774,689. 22
103, 000.00
1, 368, 293.92
775, 000.00
721, 929. 85
33,000.00
9,189, 689. 22
385, 000.00
7, 343, 293. 92
3,275. 000.00
3,784,929.85
233, 000.00
1,479,007. 55
36,116.94
779,045.90
240,548. 74
519,892.15
26,419. 84
19,435,000.00
4,775,912.99
24,210,912.99
3, 081,031.12
2,025, 000.00
2,520,000.00
400,000.00
3,825,000.00
975, 000. 00
200,000.00
150, 000.00
2,400,000.00
1, 300,000.00
5, 560,040.00
421, 797.90
609, 810.01
171, 400. 00
578,000.00
237,100.00
2,000.00
1, 500.00
700,000.00
220,950. 00
1,404,907.40
2,446, 797.90
3,129,810.01
571,400.00
4,403,000.00
1,212,100.00
202,000. 00
151, 500.00
3,100, 000.00
1, 520. 950.00
6,964,947.40
323,366. 82
323, 499.10
109, 659.85
674,371. 87
154,759. 75
15, 888.20
12, 983. 29
322, 506. 76
168, 572.11
927,401.64
23, 702,505.31
3,033,009.39
127
Washington
"United States
Gross earnings.
$11, 320, 000.00
4,945, 000. 00
5,200, 000.00
3,840, 000. 00
4,265, 000.00
9,700, 000.00
7,800, 000.00
2,000, 000.00
13, 709, 100.00
9, 875, 290.00
4, 000, 000.00
North Dakota
South Dakota
Idaho
Montana
New Mexico
Oklahoma
Indian Territory . . .
Utah
Wyoming
Division No. 8
Capital and
surplus.
139
48
6
6
57
8
10
4
152
127
9
Colorado
Nevada
California
San F r a n c i s c o . .
Oregon
Arizona
Division No. 7
Surplus.
188
19,355,040.00
4,347,465.31
3,542
652,586,585.00
219,430,741.42
$14,336,516.67 $1,445,610.16
5,917, 575.64
546,349.29
6, 504,500. 00
531,706.50
4,284, 000.00
328,960.65
4,952, 545. 56
462,996.18
10,971, 000. 00 1,020,673.20
8,811, 500. 00
775,478.16
2,177,000.00
222,917. 02
15, 684, 309. 94 1, 382, 365. 20
11, 408,225.80 1,102,127.40
4, 546, 500.00
600, 830.71
872,017, 326.42 76,090,620.98
REPORT OF THE COMPTROLLER OF THE CURRENCY.
175
NATIONAL BANKS IN THE UNITED STATES—Continued.
TO MARCH 1, 1891.
Ratios.
Charged off.
Losses and
premiums.
Expenses and Net earnings.
taxes.
$154.072.19
58, 711. 00
87,219.78
39,533.09
22,586.53
76,067.61
101.187.71
52,332. 29
188,703.09
87,014.88
29,620.06
$512,152.90
177, 336. 64
130,712.05
94, 639. 06
177, 510.97
435,092.50
351,031. 38
59, 941. 29
648, 391. 95
484,713, 38
353,900. 89
$779, 385.07
310, 301. 65
313,774. 67
194, 788.50
262, 898. 68
509.513.09
323, 259.07
110, 643.44
545, 270.16
530, 399.14
217,809.76
Dividends.
$648,645.83
185, 950. 55
218,100.00
112, 700. 00
213, 544.42
316, 000.00
275,500.00
66, 000. 00
437,493.94
344, 511. 66
133,000.00
"Net earn- Dividends
ings to
to capital Dividends
and
capital and
to capital.
surplus.
surplus.
Per cent.
5.44
5.24
4.82
4.55
5.31
4.64
3.67
5.08
3.48
4.65
4.78
Per cent.
4.52
3.14
3.35
2.63
4.31
2.88
3.13
3.03
2.79
3.02
2.93
Per cent.
5.73
3.76
4.19
2.93
5.01
3.26
3.53
3.30
3.19
3.49
3.33
897,048.23
3,425,423. 01
4, 097,543. 23
2,951,446.40
4.57
3.29
3.85
131,426.54
1,468. 65
118, 811.14
6, 778. 36
35, 732.05
1,015.00
493,162. 38
16,197.16
259, 009.20
55, 360.16
159, 288.59
10, 726.80
854,418.63
18,451.13
401, 225. 56
178,410, 22
324, 871. 51
14, 678.04
379, 550.00
16, 920.00
291, 500.00
100,000. 00
138, 250.00
9,000.00
9.30
4.79
5.46
5.45
8.58
6.30
4.13
4.39
3.97
3.05
3.65
3.86
5.12
6.00
4.88
4.00
4.51
4.50
295,231.74
993, 744.29
1,792,055. 09
935, 220.00
7.40
3.86
4.81
106, 016. 27
42, 668. 79
11,150. 60
100,678.04
9, 727. 74
94.73
7.81
15,931.13
66, 245. 68
47, 356.41
95,199.51
139,196. 02
35, 010.42
283,162.01
68, 655. 93
7, 628.57
5,980. 69
103,938.26
81, 734.03
334,039.14
122,151. 04
141, 634. 29
63,498.83
290, 531. 82
76,376. 08
8,164.90
6, 994. 79
202, 637.37
20,592.40
546, 006.09
101, 250.00
72, 750.00
45,000.00
137,750.00
61, 500.00
4, 500. 00
2, 092.95
61,500, 00
34, 750.00
332,864.43
4.99
4.53
11.11
6.60
6.30
4.04
4.62
6.54
1.35
7.84
4.14
2.32
7.88
3.13
5.07
2.23
1.38
1.98
2.28
4.78
5.00
2.89
11.25
3.60
6.31
2.25
1.39
2.56
2.67
5.99
399, 877. 20
1,154,544.58
1,478,587.61
853,957.38
6.24
3.60
4.41
8, 773, 830. 28 27,170, 817.04
40,145, 973, 66
25,768, 775. 84
4.61
2.96
3.95
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
176
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT O F R E P O R T S O F E A R N I N G S AND D I V I D E N D S
FROM MARCH 1, 1891,
States, Reserve Cities, and No. of
banks. Capital stock.
Territories.
Maine
New Hampshire .
Vermont
Massachusetts . . .
Boston
Rhode Island
Connecticut
165,392,090.00
Division No. 1.
265
49
6
5
95
291
43
26
32,985, 260.00
50,861,970.00
1, 550,000.00
1,352, 000.00
14, 308,350.00
36, 835,131.15
22,958, 000.00
10,900, 000.00
Division No. 2.
780
171,750,711.15
Delaware
Maryland
Baltimore
District of Columbia
Washington
Virginia
West Virginia
Division No. 3.
Division No. 4.
Ohio
Cincinnati ..
Cleveland . . .
Indiana
Illinois
Chicago
Michigan
,
Detroit
Wisconsin
Milwaukee*..
Division No. 5
Capital and
surplus.
78 $10, 935, 000.00 $2,724,850.00 $13,659,850.00
52
6, 270,170. 00 1, 611,912.13
7, 882,082.13
50
9, 016,46p. 00
7, 210, 000.00 1,806,460.00
205 45,217, 500.00 15,261, 030.50 60,478, 530.59
61 51,800,000.00
14, 536,613.57 66,336, 613.57
59 20,184,050.00
4, 631,152. 70 24,815, 202. 70
84 23, 775,370.00
7,481,933. 58 31, 257, 303.58
New York
New York City.
Albany
Brooklyn
New Jersey
Pennsylvania
Philadelphia
Pittsburg
North Carolina...
South Carolina...
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans .
Texas
Arkansas
Kentucky
Louisville
Tennessee
Surplua.
2,133,985.00
3,411, 700. 00
13,016, 760.00
252,000.00
2,408,720.00
4,386, 300.00
2,176,000.00
48,053,952.57
Gross earnings.
$812,034.82
483,153.99
499, 827.12
3, 589, 544.04
4,270, 604. 69
1,182, 848.18
1, 786. 025.38
213,446,042.57 12, 624,038.22
10, 013,174.44 42, 998,434.44 3,430, 658.88
37,731, 292.92 88, 593,262.92 10,139, 167. 25
1, 290, 000.00 2,840, 000. 00
304, 606.15
1,893,000.00
3,245,000.00
305, 132.02
6,286, 605.82 20,594, 955.82 1, 721,501.13
15,627,268.80
52,462, 399. 95 3, 785,006.40
13,018,303. 08 35, 976, 303.08 2,498, 657. 71
6, 233,918.84 17,133, 918.84 1,147, 834. 71
92,093,563.90
263,844,275.05 23,332, 564.25
962, 075. 34
1,252,137.14
4, 293,000. 00
100,000.00
992,000.00
2,171, 650. 00
584,359.05
3,096, 060.34
185,263.05
4, 663,837.14
353, 029. 89
17, 309,760.00 1,008,501.65
352,000. 00
20, 866.88
3,400, 720.00
280, 710.99
6, 557,950.00
595, 210.10
2,760, 359.05
221,211.07
149
27,785,465.00
10,355,221. 53
38,140, 686. 53 2, 664,793.63
20
15
30
16
29
13
11
10
204
2,601,000.00
1, 648, 000.00
4,091,000.00
1,100.000.00
4, 269, 000.00
1,175, 000.00
795, 500.00
3, 625,000.00
25, 302, 800.00
1, 550, 000.00
10, 292,900.00
4, 901, 500. 00
10, 330,000.00
660,058.31
985, 600.00
1,164,100.75
210,150.00
1,046,914.06
419, 700. 00
193, 225.00
1, 897,500.00
4,451,946.42
414,000.00
2, 789,402.11
1,132,860.00
2,222,868.24
3, 261,058.31
294, 560.71
2, 633, 600.00 335, 825.09
5, 255,100.75
587, 551. 09
1,310,150.00
248, 258. 37
5, 315, 914.06 448,133.14
1,594, 700.00
192,109.67
130,483. 68
988,725.00
703, 666. 30
5,522, 500.00
29, 754, 746.42 2,820, 556.81
1,964,000.00
196, 036. 25
13, 082, 302.11
862, 315. 05
6, 034, 360.00 350, 522. 67
12,552,868.24 1, 019, 368.72
489
71, 681, 700.00
17, 588,324.89
211
13
10
100
180
20
101
8
25, 994, 000.00
8, 900,000.00
7, 550,000.00
12,477, 000.00
16, 091, 750. 00
17,100,000. 00
10, 809, 600.00
4, 400, 000.00
6, 010,000.00
850,000.00
6,781,649.76
2,403,000.00
1,420,000.00
4,039,015.89
5, 654,997.12
8,606, 000.00
2, 962, 238.33
617,000.00
1,694,654.14
475,000.00
712 110,182,350.00
89,270,024.89
8,189,387. 55
32, 775,649. 76
11,303,000.00
8,970,000.00
16, 516, 015.89
21, 746,747.12
25, 706,000.00
13,771, 838.33
5,017, 000.00
7,704,654.14
1, 325, 000.00
2,469, 625.29
902, 367. 38
670, 384.02
1,549,473.15
2, 257, 974.49
3,488,439. 90
1,192, 612. 89
526, 371.44
803, 626.13
160,501.86
34, 653, 555.24 144,835, 905.24 14,021, 376. 55
REPORT OF THE COMPTROLLER OF THE CURRENCY.
177
OF NATIONAL BANKS IN THE UNITED STATES—Continued.
TO SEPTEMBER 1, 1891.
Ratios.
Charged off.
Losses and Expenses and Net earnings.
taxes.
premiums.
Dividends.
"Net earn- Dividends
ings to to capital Dividends
and
capital and
to capital.
surplus.
surplus.
Per cent.
2.84
3.39
2.91
3.02
3.16
2.55
3.32
Per cent.
3.05
3.07
2.77
2.27
2.18
2.50
2.83
5,231,854.25
3.05
2.45
3.16
1,272, 515. 33
2,410,150. 00
74,443.49
91,860. 00
653, 334.00
1,405,879.43
845,025.00
405,000.00
3.54
4.72
4.02
4.88
4.73
3.32
3.68
3.22
2.96
2.72
2.62
2.83
3.17
2.68
2.35
2.36
3.86
4.74
4.80
6.79
4.57
3.82
3.68
3.72
$218,894.67
67,403. 31
78, 002. 03
611,762.73
588,963.19
321,457. 51
303, 201.48
$205,063.54
148,653.87
159,480. 92
1,152,601.42
1,582,838.77
228,574.88
444,229.93
$388,076.61
267,096.81
262,344.17
1,825,179.89
2, 098,802.73
632,815.79
1,038,593.97
$415,975.00
241,900.00
249, 750. 00
1, 374,725.00
1,446, 500.00
619,452.25
883, 552. 00
2,189,684.92
3,921,443.33
6,512,909.97
538,238. 51
2,301,735.57
55,897.20
19, 035. 56
181, 245.38
734,248.15
176,954.04
137, 964.16
1,368, 588.71
3,654,433.30
134,477.60
127,863.13
565,953.00
1,307,030. 85
996,082.75
457,629. 74
1, 523, 831.66
4,182,998.38
114, 231.35
158,233.33
974, 302.75
1,743,727.40
1, 325,620. 92
552,240.81
4,145,318.57
8,612,059.08
Per cent.
3.81
3.86
3.46
3.04
2.79
3.07
3.72
1
2
a
4
5
<
S
1C
11
12
13
14
15
10, 575,186.60
7,158,207.25
4.01
2.71
4.17
22,520. 89
52, 593. 62
17, 881. 84
103, 667.54
150,421.21
359,115.54
9, 744. 74
130,166. 25
251, 686. 26
65,210.37
59,289. 02
181, 564. 82
520,528.43
11,122.14
128,023.85
290, 930. 22
138,118.86
102, 561.82
131,335.00
449,943. 05
10,080. 00
59, 500. 00
171, 815. 00
85, 730.00
1.91
3.89
3.00
3.16
3.76
4.44
5.00
3.31
2.82
2.60
2.86
1.75
2.62
3.11
4.81 16
3.85 17
3.46 18
4.00 19
2.47 20
3.92 21
3.94 22
265,204. 38
1,070, 011. 91
1,329,577.34
1,010, 964.87
3.49
2.65
3.64
26,275. 6i)
31, 376.70
128,934.72
29,439. 79
61, 306. 32
13, 811. 54
8,015.16
170,553.44
238,951.67
24, 614. 66
217, 019.69
167,059.15
161, 556.76
92, 566.41
126,158.29
186,361.26
109,170.50
206,226.09
65,946.41
39, 336.13
305,712.16
973,881.28
72,877. 68
267,168.57
130.695.38
464,195.02
175,718. 70
178,290.10
272,255.11
109,648.08
180,600.73
112,351.72
83,132.39
227,400.70
1,607,723.86
* 98,543.91
378,126.79
52,768.14
393,616.94
111, 750.00
78, 520.00
147,860.00
47,000. 00
142, 735.00
47,150. 00
26,400. 00
147,750.00
866,179. 66
63,000. 00
368,974.00
139,060.00
334,100.00
5.39
6.77
5.18
8.37
3.40
7.05
8.41
4.12
5.40
5.02
2.89
0.87
3.14
3.42
2.98
2.81
3.59
2.69
2.96
2.67
2.68
2.91
3.21
2.82
2.30
2.66
4.30
4.76
3.61
4.27
3.34
4.01
3.32
4.08
3.42
4.06
3.58
2.84
3.23
1,278,915.20
3,040,295.18
3,870,177.17
2,520,478.66
4.34
2.82
3.52
311,642,37
108,219.37
59,530.45
260,968.87
173,173.67
367,776. 63
128,536.89
68,924. 50
58, 699.76
36, 333.93
963,140.85
362,963.48
276,134.96
577,147.49
811, 309.38
1,113,289.26
428,260.64
294,631.02
299,134. 57
83, 515.08
1,194,842.07
431,184.53
334,718.61
711,356.79
1,273,491.44
2,007, 374.01
635,815.36
162,815.92
445,791.80
40,652.85
3.65
3.81
3.73
4.31
5.86
7.81
4.62
3.25
5.79
3.07
2.94
2.96
2.40
3.66
3.78
2.99
3.71
2.91
3.73
2.87
3.71
3.76
2.85
4.84
5.11
4.49
4.73
3.32
4,79
4.47
1,573,806.44
5,209, 520.73
7,238,043.38
5.00
3.24
4.26
22,306.49
21, 043.86
128,857.68
11167-
-12
963,255.20
335, 000. 00
215, 000.00
604, 430. 00
822,940.00
768,000.00
511,530.00
146, 000.00
287, 700.00
38,000.00
4,691,855.20
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
178
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT OF R E P O R T S OF E A R N I N G S AND
DIVIDENDS
FROM MARCH 1, 1891,
States, Reserve Cities, and No. of Capital stock.
banks.
Territories.
Surplus.
Capital and
surplus.
Gross earnings.
Iowa
Dea Moines..
Minnesota
St. Paul
Minneapolis.
Missouri
St. Louis
Kansas City.
St. Joseph...
Kansas
Nebraska
Omaha
139
4
48
5
6
58
8
11
4
14U
125
$12,280, 000. 00
650, 000. 00
5,645,000.00
4,700,000.00
4,840, 000.00
4,640,000.00
9,700,000. 00
8,050,000.00
2,000,000.00
12, 894,100.00
8,743,700.00
4,000,000.00
Division No. 6.
Colorado
Nevada
Californio
San Francisco .
Oregon
Arizona
560
78,142, 800.00
13, 374, 334.89
91,517,134.89
8,637,862. 33
8,712,821.30
282, 000.00
5,975,000. 00
2, 500, 000. 00
4,275,000.00
200, 000.00
1,999,674.27
103,000.00
1,506,719.37
800,000.00
756,239.92
33,400.00
10,712, 495.57
385,000.00
7,481,719. 37
3, 330, 000.00
5,031,239.92
233, 400.00
1,400, 776.07
36, 088. 27
753, 282.78
242,230.02
541,791.80
29 074. 02
Division No. 7.
North Dakota
South Dakota
Idaho
Montana
New Mexico
Oklahoma
Indian Territory .
Utah
Wyoming
Washington
131
21, 944,821. 30
5,199,033.56
27,143,854.86 ?3,003, 242.96
2, 025, 000. 00
2,560, 000.00
400, 000.00
4, 200, 000.00
1,075, 000.00
200, 000.00
150, 000.00
2, 450, 000.00
1, 350, 000.00
6, 340, 000.00
431,319.54
624, 000.00
162,000.00
633, 500.00
216,950.00
5, 500.00
5, 500.00
909,000.00
238, 750.00
1,558,089.05
Division No. 8.
202
20, 750, 000. 00
4,784, 608.59
3,612
667, 629,937.45
226,102, 595.17
United States
$2,749,146. 62 $15, 029,146. 62 $1,389,673.19
309, 000. 00
959, 000. 00
129,828. 20
1,024, 717. 45
6,669, 717. 45
5«9,160. 09
1,283,000. 00
5,983, 000. 00
466,860.71
660, 000.00
5,500, 000. 00
365, 726.39
712,392.23
5,352, 392.23
459,063.17
11,118,000.00
977,461.7*S
1,418,000.00
9,021, 000. 00 1, 389,277.83
971, 000.00
2,187, 500.00
187, 378.11
187,500. 00
14, 755, 570.96 1,147,925.90
1,861,470. 96
10, 378, 307. 63 1,039, 755. 33
1,634, 607. 63
4, 563,500. 00
563, 500.00
495,751.66
2,456, 319. 54
3,184, 000. 00
562, 000. 00
4,833, 500. 00
1,291,950.00
205, 500.00
155, 500.00
3,359, 000. 00
1,588, 750. 00
7,898,089.05
236, 892.22
270, 382. 78
78, 635. 65
611, 637.90
144, 269. 61
19, 511.19
16, 6*53. 53
385, B-52. 38
148, 517. 36
858, 681.81
25,534,608.59
2,770,494.43
893,732, 532. 62 75,243, 759. 92
REPORT OF THE COMPTROLLER OF THE CURRENCY.
179
OF NATIONAL BANKS IN THE UNITED STATES—Continued.
TO SEPTEMBER 1, 1891.
Charged off.
Ratios.
Losses and Expenses and Net earnings.
premiums.
taxes.
Dividends.
$145,320.13
4,208.18
77,813.00
48,035.98
28, 660.26
44,933. 64
34,733.44
900, 657.72
36,950. 69
238,936.74
118, 003. 72
37,052. 38
$529,876.65
42,154.18
272, 213. 32
174,171.84
170, 365. 39
185,534.94
405,262. 91
394,436. 57
76,714. 26
559,928. 30
554,014. 63
319,288. 69
$714,476.41
83,465.84
239,133.77
244,652.89
166, 700.74
228, 594.59
537,465.40
94,183.54
73,713.16
349,060.86
367,736.98
139,410.59
$691,350.00
31,000.00
199,000.00
211,500.00
150, 200. 00
158,713.18
321,000.00
176,000.00
66,000. 00
333,259. 00
299,225.00
130,000.00
1,715,305.88
3, 683,961. 68
3,238, 594.77
2, 767,247.18
142, 579.28
2,851.41
115,400. 66
13,152.29
26,051. 74
48.90
607, 299. 74
11, 648. 05
254,987.79
59, 623. 67
189, 674. 01
11,260.68
650,897. 05
21, 588. 81
382, 894. 33
169, 454.06
326, 066. 05
17,764.44
352, 300. 00
16, 920.00
272,250. 00
40,000. 00
180, 583. 33
10, 000. 00
300,084.28
1,134,493. 94
1, 568, 664. 74
872, 053.33
13,054.22
60,101.65
11,983.30
92,602.18
35,561.89
1,631.60
1,208. 65
30,469.10
11,220.09
35,335. 69
120, 730.46
165, 728. 32
24, 900.02
246,248.11
57,155. 27
8, 204. 88
6, 349. 62
110, 053. 75
66,034. 72
387, 434. 53
103-, 107. 54
44, 552.81
41,752. 33
272, 787. 61
51, 552.45
9,674.71
9,075. 26
244, 809. 53
71,262. 55
435,911. 59
82,650.00
83, 548.88
25,000.00
100,250.00
75,500. 00
5, 000. 00
8,000.00
128, 923.30
34,250.00
230,452.12
293,168. 37
1,192, 839. 68
1, 284,486. 38
773, 574.30
11,761,488.04
27,864,631. 53
35,617,640.35
25,026,235.04
Net earn- Dividends
ings to
to capital Dividends
capital and
and
to capital.
surplus.
surplus.
Per cent.
4.75
8.71
3.59
4.09
3.03
4.27
4.83
1.04
3.39
2.37
3.54
3.05
3.54
6.08
5.61
5.12
5.13
6.48
7.61
5.78
4.20
1.40
7.40
5.64
4.00
4.70
5.84
7.29
4.49
5.52
5.03
3.99
Per cent.
4.60
3.23
2.98
3.54
2.73
2.97
2.89
1.95
3.02
2.26
2.88
2.85
3.02
3.29
4.39
3.64
1.21
3.59
4.28
3.21
3.36
2.62
4.45
2.08
5.83
2.43
5.14
3.84
2.16
2.92
3.03
2.80
Per cent.
5.62
4.77
3.53
4.50
3.10
3.42
3.31
2.19
3.30
2.58
3.42
3.25
3.54
4.04
6.00
4.56
1.60
4.22
5.00
3.97
4.08
3.26
6.25
2.39
7.02
2.50
5.33
5.26
2.54
3.63
3.73
3.75
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
180
REPORT OF THE COMPTROLLER OF THE CURRENCY.
TABLE, BY STATES AND RESERVE CITIES, OF THE RATIOS TO CAPITAL, AN© TO
FROM MARCH 1, 1887,
Eatio of dividends
to capital and
Ratio of dividends to capital for six months ended—
surplus for six
months ended—
States, Territories, and
reserve cities.
fa
Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut
New York
New York City. .
Albany
Brooklyn ...
New Jersejr
Pennsylvania
Philadelphia
Pittsburg
Delaware
Maryland
Baltimore
District of Columbia .
Washington. - Virginia
West Virginia.
North Carolina
South Carolina.
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans
P.ct.
3.8
3.8
3.7
3.5
2.8
3.2
3.4
4.0
4.3
5.4
P.ct
3.5
3.7
3.4
3.4
2.7
3.2
3.6
3.8
4.5
6.6
JL'exaa
Arkansas
Kentucky
Louisville
Tennessee
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Iowa
r
Des Moines
4.3
Minnesota
St. Paul
Minneapolis
Missouri
St. Louis
Kansas City
St. Joseph
Kansas
Nebraska
Omaha
Colorado
Nevada
California
San Francisco ..
Oregon
Arizona
Dakota
3.7
North Dakota .
South Dakota..
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
Oklahoma
Indian Territory
Average
4.0
P.ct.
3.9
3.9
3.7
3.5
2.9
3.2
3.5
3.9
4.3
5.0
3.9
3.9
3.5
3.3
2.8
3.2
3.5
3.9
4.2
5.7
4.2
4.0
6.2
3.0
4.7
5.9
6.2
3.9
3.5
3.9
4.1
3.6
3.2
4.2
5.1
10.9
4.9
3.9
6.1
4.9
5.5
4.9
3.7
3.5
3.7
4.9
3.8
3.8
4.0
2.4
3.8
5.0
3.7
4.5
3.5
3.1
4.0
4.2
4.2
4.1
3.9
13.9
3.5
3.2
3.1
3.8
3.7
5.7
4.5
5.3
4 9
4.1
3.7
8.5
4.9
5.7
3.6
3.4
3.5
4.1
4.0
3.9 3.9
3.9 4.3
3.6 3.6
4.0 3.1
2.6 2.8
3.0 2.6
3.5 3.5
4.1 4.7
4.7 4.7
4.4 4.0
4.0
3.0
3.8
4.0
3.7
4.5
4.9
3.8
3.2
4.8 4.2
3.0 18.9
3.9 4.2
3.3 3.3
5.8 4.7
5.6 5.5
3.1 3.4
10.2 9.3
4.0 4.8
4.1 7.5
1.9 1.9
17.4 4.0
6.0 6.0
4 . 1 4.0 4.0
3.9
P.ct P.ct P.ct P.ct P.ct.
4.4
3.9
3.6
3.8
4.7
4.2
3.7
4.0
3.2
3.8
3.2
3.1
4.5
3.7
3.9
3.4
3.6
2.0
3.7
5.1
3.9
4.0
3.7
3.7
3.7
3.4
2.7
4.1
5.2
3.7
4.4
3.9
5.8
20.3
4.5
4.7
3.7
4.0
3.8
4.3
4.7
3.7
4.0
3.1
3.7
3.5
3.0
3.8
5.7
4.9
3.8
2.8
3.0
3.5
4.6
14.6
4.0
3.7
3.6
4.1
3.2
2.6
4.2
4.9
3.5
4.6
3.6
5.8
6.5
5.0
4.6
P.ct.
3.8
3.9
3.4
3.3
2.0
3. 2
3.4
4.1
4.6
5.0
4.1
5.5
3.6
3.5
2.8
2.9
3.7
3.7
4.9
4.4
6.
4.5
3.8
3.6
3.7
4.9
3.8
3.4
4.0
2.5
4.3
3.5
4.0
4.6
5.0
4.6
3.8
5.3
3.7
4.3
4.2
6.0
3.6
3.2
3.5
4.7
3.8
3.2
5.1
5.2
4.0
4.4
3.4
4.1
4.9
5.7
3.8
3.9
3.5
3.0
2.8
3.1
3.7
3.9
4.7
4.8
6.8
4.6
3.8
3.7
3.7
4.8
3.8
3.5
4.0
2.5
P.ct
3.1
3.0
2.9
2.6
2.1
2.7
2.9
3.3
2.8
2.2
3.4
3.8
2.7
2.6
3.2
3.2
2.8
3.2
2.9
2.7
3.1
3.2
3.0
2.8
4.2
3.6
4.9
3.6
4.1
5.4
4.2
3.1
3.0
3.9
3.1
2.7
2.6
3.8
3.7
3.2
4.3
3.8
3.9
2.5
4.3
3.4
2.8
2.7
2.7
3.1
3.5
2.8
3.2
2.4
2.7
2.8
2.5
2.6
4.3
4.4
3.2
2.4
2.8
2.6
3.6
13.0
3.2
3.0
3.0
3.3
2.7
2.3
3.2
3.7
2.8
3.8
3.2
4.5
4.0
4.0
3.3
2.8
2.5
2.6
3.4
3.0
2.7
3.2
2.4
2.7
3.3
3.1
5.7
2.9
3.4
2.7
3.4
1.4
2.9
4.6
4.1
2.9
2.9
3.4
3.1
2.8
2.3
3.0
3.6
3.1
4.6
3.4
3.8
4.0
4.5
3.2
2.8
2.4
2.6
3.4
3.1
2.8
3.2
2.4
2.7
2.6
2.5
3.1
2.8
3.4
2.8
2.9
1.7
2.5
4.1
3.3
3.3
2.9
3.0
3.0
2.8
2.4
3.2
3.9
2.7
3.6
3.5
5.4
12.9
3.6
3.6
3.9
3.5
3.4
3.2
3.4
2.1 15.8
3.6 3.8
2.4 2.4
5.0 4.0
4.9 4.6
2.5 2.7
7.6 6.7
2.9 3.5
3.3 6.2
1.8 1.7
15.3 a.5
5.7
5.5
3.5 3.8 3.3
4.5 4.1
3.2 3.1
3.8 4.0
3.6 2.8
3.6 3.2
4.8 4.3
3.7 3.3
12.0 11.7
6.0 6.0
4.4 4.6
5.6 4.0
3.5 4.7
6.0 6.0
5.0
2.9
11.2
3.6
6.3
2.6
6.0
2.7
2.2
3.9
4.3
1.4
3.9
P. et. P. ct.
40.0
3.4
5.9
3.4
2.9
5.4
3.1
3.0
3.0
If OTE.—-Figures printed in bold-face type in
REPORT OF THE COMPTROLLER OF THE CURRENCY.
181
CAPITAL AND SURPLUS, OF TIIK EAKNTNT*S ANT> D I V I D E N D S OF NATIONAL BANKS
TO S E P T E M B E R 1, 1891.
Mar. 1,
1889.
Eatio of dividends to capital and Ratio of earnings to capital and imrpln 3 for 3ix months
ended—
surplus for six months ended—
%
it
ftoo
P.ct P.ct P.ct P.ct P.ct
3.1
3.1
3.1
2.7
2.3
2.6
2.7
3. 0
2.6
2.9
3.1
3.1
2.8
2.5
2.2
2.6
2.7
3.0
2.8
3.1
3.1
3.1
2.9
3.0
2.1
2.4
2.7
3.0
2.7
2.4
3.1
3.4
2.9
2.3
2.2
2.1
2.7
3.5
2.7
2.1
32
2.8
2.4
2.4
3.4
3.'o
2.8
3.2
2.4
3.1
3.2
3.0
3.1
2.4
2.8
3.3
3.5
1.7
3.1
4.0
4.8
30
2.9
3.1
3.0
3.0
2.5
4.4
3.8
3.3
3.5
3.6
4.1
3.4
4.0
3.2
2.9
2.4
2.4
3.6
2.9
3.2
3.2
2.7
3.1
2.7
3.1
3.3
3.9
3.0
5.1
1.6
2.6
3.5
5.9
3.1
2.9
2.8
3.1
2.8
2.5
3.2
3.7
2.8
3.5
3.4
3.7
3.4
3.9
3.1
2.7
2.4
2.4
35
2.9
2.7
3.2
2.1
2.7
3.1
2.9
3.1
3.8
3.3
3.2
4.6
3.2
3.0
4.8
5.0
3.1
2.8
3.2
3.2
2.9
2.7
3.2
3.9
7.7
4.0
3.4
4.7
3.2
4.3
3.4
2.6
2.3
2.4
34
2^8
2.8
2.9
1.7
2.7
4.9
3.0
3.0
2.7
2.7
32
3.2
3.3
2.7
3.2
11.1
3.1
2.7
3.1
2.9
3.8 4.3
2.0 2.7
3.6 3.7
2.4 15.3
3.6 3.8
4.4 4.4
2.5 3.4
4.2 4.3
3.5 4.4
3.9 3.1
3.3 3.4
3.1 3.3
5.2 5.0
4.5 2.6
3.7
2.7
3.4
3.3
3.1
4.0
3.2
9.5
4.4
3.6
4.3
2.9
4.8
3.5
2.8
3.6
2.6
2.7
3.6
3.0
8.0
4.4
3.7
3.1
3.4
4.6
2.8
2.2
0.8
3.3
5.0
3.0
2.6
2.0
2.9
4.1
1.7
3.1
4.7
3.2
1.4
1.0
0.7
5.5
3.1
5.7
1.9
5.0
4.5
1.0
6.4
4.9
4.1
3.8
1.9
3.0
2.9
3.2
9ti. Q
O
2.6
2.5
3.0
3.0
4.8
3.4
3.9
2.9
3.2
3.2
6.7
3.2
4.4
3.2
4.4
2.9
2.6
2.2
2.4
2.8
2.9
2.8
2.4
2.8
3.1
2.6
2.3
2.3
34
2* 8
2.6
2.9
1.8
2.9
2.7
3.2
3.1
3.8
3.9
3.1
3.9
3.0
3.0
3.8
4.8
2.8
2.6
2.9
3.7
3.0
2.7
3.8
3.9
2.7
3.5
3.0
3.2
3.2
4.5
3.1
3.3
2.6
4.3
2.9
3.1
3.0
2.8
3.0
2.9
4.1
4.4
4.0
3.0
3.6
3.9
4.1
2.3
7.9
3.1
5.1
2.0
4.8
2.3
2 2
L4
3.0
3s
$
1* ti
r-T .
ti
Woo
a
P.ct P.ct. P.ct. P.ct. Pet. P.ct. P.ct. P.ct P.ct
3.0
3.9 4.0
1.8
3.1
4.0
4.2 3.7
2.8
3.5 4.1
3.7
2.3
3.8 2.8
2.9
2.2
3.3 3.0
2.8
2.5
3.5 3.4
34
2.8
2.9 2.0
3.3
3.0
4.2
4.4
2.7
5.6 4.6
5.9
2.6
4.4 2.8
5.4
2.8
3.2
5.1
5.6 5.2
2.7
3.7 4.0
4.6
2.3
3.7 3.7
3.9
2.4
4.6 5.0
42
3 3
46
4.5
2.S
3.9 3.8
4.1
2.6
2.8 3.0
4.0
2.9
3.7 3.6
3.8
1.7
4.8 4.8
5.1
2.6
4 . 1 4.3
4.1
3.1
3.3 2.9
3.2
3.4
3.6 4.0
4.2
3.0
5.3 7.1
4.1
2.8
5.5 4.3
3.5
3.6
7.7 6.6
6.1
2.7
7.0 11.4 4.8
3.0
9.0 6.1
6.1
8.0 7.2
4.3
2.7
4.8 3.8
4.4
2.7
2.9
4.5 5.7
5.7
3.2
6.4
7.9 7.3
2.8
3.7
q aD 3 8
O.
2.3
3.0
3.2 3.'3
6.4 6 2
2.7
57
4.2 3.9
2.9
3.7
6.5 2.4
3.0
4.1
2.4
3.7 3.4
3.9
4.2 4.5
3.7
4.3
4.5 5.0
3.8
5.3
3.0
6.4 ' 7.0 6.8
3.7
5.3 5.8
5.5
2.9
4.7 4.9
5.0
3.7
6.6 6.3
5.7
2.9
5.7 3.6
5.2
4.6
5.2 4.7
5.1
32
3.0
4.3 5.5
6.8
35
2.7
3.0
5.1 4.9
5.8
2.9
5.0 2.4
3.6
8.4 5.2
1.9
3.0
3.8 3.9
2.3 "*9."6" 6.7 7,1
7.2 6.7
2.9
7.2
3.5 3.7
2.8
8.4 19.3
3.3 "b'.'l
4.4
6.7 10.0
5.8
7.3 9.7
3.6
7.0
1.2
2.7
3 2 4.9
3.6
9.5 11.8 10.4
4.3
13.1
3.2 6.1
6.1
3.4
2.6
6.1
3.4 7.8
4.4
8.0 8.2
2.1
9.4
5.0
3.7 3.4
5.8
6.1
5.1 5.3
3.8
8.2 12.9
2.9
7.2
6.0 2.0
2.2
5.7
2.4
5.1
4.5 4.3
4.5
2.8
column for 1890 signify percentage of loss.
3.6
4.0
3.7
3.0
3.3
3.4
2.9
4.4
4.0
4.0
3.4
3.9
3.5
3.3
3.9
3.2
3.7
3.4
3.4
2.5
3.2
5.2
2.6
4.9
3.4
4.9
3.8
3.2
4.1
5.5
3.7
3.4
4.8
3.6
3.6
5.1
5.5
5.5
6.6
4.1
8.6
7.0
1.4
5.3
8.4
qo
o. o
2.5
5.1
4.2
3.6
4.4
3.6
4.4
5.6
4.9
4.7
7.3
86
4.9
4.9
5.4
4.0
3.6
3.4
2.6
1.7
3.0
3.6
4.4
4.5
2.3
3.7
3.9
3.6
3.2
2.7
0.9
3.8
4,5
5.3
O.tf
5.0
4.6
3.5
3.8
5.6
4.1
3.8
3.9
6.1
4.5
3.5
4.2
5.5
3.9
3.5
4.1
4.3
4.1
4.2
4.8
4.8
4.3
4.2
4.8
3.7
4.6
4.3
5.9
4.6
5.3
5.7
7.4
4.8
3.0
4.1
5.8
4.7
4.5
5.1
7.1
3.7
5.7
6.1
8.8
5.1
6.2
6.1
7.9
4.3
3.6
4.5
6.2
4.6
4.4
4.0
4.4
4.6
6.2
6.3
6.0
6.8
5.6
6.3
6.4
3.9
3.2
4.3
5.5
5.8
5.0
3.4
7.2
4.5
5.5
5.4
6.9
9.4
4.1
5.8
16.5
4.1
5.1
4.3
4.2
3.8
4.6
5.8
5.5
4.5
5.0
5.5
10.0
4.8
3.7
3.7
4.1
4.0
3.8
44
5.3
5.3
4.7
4.7
6.0
4.7
5.1
5.4
4.8
4.0
4.7
3.7
5.0
5.4
6.1
4.9
4.3
5.8
6.2
5.1
2.9
5.1
3.9
5.5
4.1
4.4
4.9
6.3
4.9
3.5
6.5
5.2
4.8
3.9
4.6
3.3
5.4
3.5
4.3
4.5
5.2
0.6
6.0
6.5
3.0
9.8
13.0
9.4
5.0
11.5
9.5
5.0
4.9
4.9
'5.6
7.7
5.1
7.0
5.4
9.8
6.1
6.6
5.6
8.5
12.5
6.7
4.2
4.8
4.9
8.5
3.7
6.1
4.9
10.0
6.1
6.2
6.8
7.9
8.6
4.1
4.6
2.8
4.8
5.8
3.8
5.9
4.8
9.1
5.3
5.3
4.4
7.5
10.2
4.4
7.6
4.4
5.5
3.2
4.9
3.8
9.0
6.3
4.9
5.2
8.4
7.2
2.7
3.5
4.3
9.5
5.2
6.3
8.1
3.4
4.3
5.9
7.6
5.0
7.9
10.6
3.6
8.0
8.3
5.8
12.3
10.9
1.8
6.5
4.7
5.9
8.5
10.3
1.4
7.1
5.0
6.0
11.9
6.0
8.7
9.5
2.5
4.3
4.5
4.3
4.3
r-T .
P.ct P.ct
2.8
4.5
4.2
3.4
3.9
2.9
3.1
3.0
3.3
3.2
3.1
2.5
3.7
3.3
3.5
4.4
4.7
5.2
1.6
4.0
5.5
4.9
5.3
4.7
4.5
3.3
3.9
3.7
3.2
4.5
1 9
4.2
Z.9
3.3
3.0
7.8
3.2
3.8
4.5
4.4
5.5
5.7
5.0
5.4
4.1
5.6
6.8
4.7
5.2
7.6
8.4
3.4
4.1
7.0
4.4
6.6
8.4
4.1
4.0
5.4
5.9
5.0
6.8
29
4.0
4.6
3^1
4.5
3.6
5.3
3.8
3.7
4.2
4.3
8.4
6.1
5.9
6.2
7.8
5.7
4.6
3.6
3.2
6.1
5.8
4.4
3.1
5.4
4.7
8.7
3.6
5.2
4.8
4.1
3.0
4.5
4.8
5.3
4.6
4.8
3.7
1.0
5.1
3.4
3.5
2.4
4.6
3.5
4.8
3.0
9.3
6.1
4.8
5.6
5.5
5.1
5.4
5.1
8.6
6.5
6.3
7.6
5.0
4.5
11.1
6.6
6.3
6.5
7.8
1.3
4.0
4.6
~*.6
4.2
1.4
7.4
5.6
4.0
7.3
5.5
4.5
4.7
5.8
4.0
1
2
a
4
5
6
7
c
9
10
11
12
13
14
15
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
3c
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
182 REPORT OF THE COMPTROLLER OF THE CURRENCY.
EARNINGS AND DIVIDENDS OF THE NATIONAL BANKS, ARRANGED BY GEOGRAPHICAL
DIVISIONS, FOR SEMI-ANNUAL PERIODS FROM SEPTEMBER 1 ; 1882, TO SEPTEMBER
1, 1891.
Geographical divisions.
Sept., 1882, to Mar., 1883:
New England States...
Middle States
Southern States
AVestern States
Total
Mar., 1883, to Sept., 1883;
New England States...
Middle States
Southern States
Western States
Total
Sept., 1883, to Mar., 1884:
New England States...
Middle States
Southern States
Western States
Total
No.
of
banks
Total
Total
Total
Total
483,091, 342 137,570,105
20, 285,102 26, 432,934
2,267
562
698
224
875
2,359
565
715
248
963
2,491
Total
Total... w
166,793, 070
173, 915, 465
35, 685, 300
118,246,305
41, 727,679
63,453,454
9, 084, 011
26, 967, 043
494,640,140 141,232,187
167,478,070
175, 317,315
38, 214,310
126,959,605
41,863,161
64,841,178
9,854, 923
29,041, 587
507,969,300 145, 600,849
167,600, 370
175, 767,355
40, 638, 300
134,599,700
41,905,905
64, 580, 406
10,726, 209
30,508, 955
2 ; 582
518, 605,725 147, 721,475
567
732
278
1,073
167,400,370
173, 212,145
42,648,400
139, 638,800
2,650
522,899,715 148,771,121
165, 668, 370
172,907, 352
43, 500, 300
142, 523, 580
41,413,826
64,741, 009
11,527,942
31, 088,344
40,786,007
64, 247, 888
11, 505, 477
30, 364,123
2,665
524, 599, 602 146,903,495
559
738
294
1,117
165, 203,920
172, 435, 295
44,437, 400
148,879, 580
2,708
530,956,195 153, 532,919
Mar., 1886, to Sept., 1886:
New England States... 563
Middle States
744
Southern States
303
Western States
1,174
Sept., 1886, to Mar., 1887:
New England States...
Middle States
Southern States
Western States
earnDividends. Net
ings.
$5,819,093 $6,200,443
7,542,146 9, 900, 021
1,405, 019 2,198,993
5,518,844 8,133,477
Mar., 1885, to Sept., 1885:
New England States... 562
Middle States
731
Southern States
287
Western States
1, 085
Sept., 1885, to Mar., 1886:
New England States...
Middle States
Southern States
Western States
Surplus.
557 $165,653,070 $41,341,246
687 174, 375,472 62,118, 694
8, 228, 309
207
33,963, 000
816 109, 099, 800 25,881, 856
Mar., 1884, to Sept., 1884:
New England States... 568
Middle States
723
Southern States
264
Western States
1,027
Sept., 1884, to Mar., 1885:
New England States...
Middle States
Southern States
Western States
Capital.
165, 352, 320
173, 628, 875
45, 444, 000
153,138, 453
41,128,387
67, 583, 309
12, 053, 524
32,767, 699
41, 581, 845
70,044,187
11, 967, 321
33, 470,425
Dividends to
capital.
Dividends to
capital and
surplus.
Earnings to
capital and
surplus.'
Ratios.
Pr. ct. Pr. ct Pr. ct.
3.5 2.8
3.0
4.3 3.2
4.2
4.1 3.3
5.2
5.1 4.1
6.0
4.2
3.3
4.2
6, 651, 595
9, 960, 635
2,433, 336
8, 528,648
3.5
4.3
4.0
4.7
2.8
3.2
3.2
3.8
3.2
4.2
5.4
5.9
20,393,576 27, 574,214
4.1
3.2
4.3
6,095, 915
9,529,978
2, 950, 096
9,418, 775
3.4
4.4
4.4
4.7
2.7
3.2
3.5
3.9
2.9
4.0
6.1
6.0
21, 082, 806 27, 994,764
4.1
3.2
4.3
5,738,456
8,198,912
2,747,018
7, 683, 633
3.3
4.0
4.2
4.3
2.6
2.9
3.3
3.5
2.7
3.4
5.3
4.7
20,171, 667 24, 368, 019
3.9
3.0
3.7
4,388,812
7, 474, 752
2,426,858
7, 310, 780
3.4
4.1
4.2
4.2
2.7
3.0
3.3
3.4
2.1
3.1
4.5
4.3
20, 437, 650 21, 601, 202
3.9
3.0
3.2
4,725, 395
7, 297,159
2, 282, 782
7, 718, 959
3.3
4.0
3.8
4.5
2.6
2.9
3.0
3.6
2.3
3.1
4.2
4.5
20, 218,471 22, 024, 295
3.9
3.0
3.3
5, 925, 381
9,484, 324
2, 705, 274
9,412,687
3.2
4.0
4.4
4.6
2.6
2.9
3.4
3.8
2.8
3.9
4.7
5.2
21, 385,436 27, 527,666
4.0
3.1
4.0
6, 736,479
9,789,135
2, 553, 055
8, 834, 050
3.2
4.2
4.3
4.2
2.5
3.0
3.4
3.5
3.2
4.0
4.0
4.7
21,147,142 27,912, 719
3.9
3.0
4.0
5,861,182
7, 556, 795
1, 415, 529
5,560,070
5,726, 356
7, 639,670
1, 700,113
6,016, 667
5, 551,603
7,089,673
1, 691, 520
5,838, 871
5, 661,537
7,156, 680
1,790,726
5,828,707
5,
6,
1,
6,
5,
7,
1,
6,
391, 401
953, 332
655, 261
218,477
375, 226
044, 535
969,190
946,485
5, 338, 635
7, 328, 798
1, 994, 537
6,485,172
2,784
537, 563, 648 157, 064,778
563
754
313
I, 22f»
165,
175,
46,
161,
41, 897, 072
73, 445, 033
12, 4fi3, 050
35, 92G, 745
5. 318,480 6,176,707
7, 574, 627 12, 072. 419
2,143, 870 2, 616, 393
7, 111, 610 10, 803, 275
3.2
4.3
4.6
4.4
2.6
3.0
3.6
3.6
3.0
4.8
4.5
5.5
2, 855
548, 355,770 163, 731,900
22,148, 587 31, 698,794
4.0
3.1
4.5
252,
873,
213,
016,
370
735
240
425
REPORT OF THE COMPTROLLER OF THE CURRENCY.
183
EARNINGS AND DIVIDENDS OF THE NATIONAL BANKS, ETC.—Continued.
Geographical divisions.
No.
of
banks
Mar., 1887, to Sept., 1887:
New England States... 566
Middle States
764
Southern States
343
Western States
1,269
Total
Sept., 1887, to Mar., 1888:
New England States...
Middle States
Southern States
Western States
Total
Total
Total
Sept., 1889, to Mar., 1890:
New England States...
Middle States
Southern States
Western States
Total
Mar., 1890, to Sept., 1890:
New England States...
Middle States
Southern States
Western States ... T
Total
Net earnings.
Pr. ct.Pr. ct. Pr. ct.
3.2 2.6
3.5
4.2 2.9
4.5
5.0
4.1 3.3
5.4
4.3 3.5
2,942
558, 544, 541 171, 254, 553
22,003,820 32,808,074
3.9
3.0
4.5
567
780
358
1,339
164,405, 920
183,382, 395
53,124,400
176,224, 033
43,459,769
80, 679, 527
14,258,403
40,999,447
5,426,178 6,187, 595
7,346,515 11, 201, 708
2,298, 039 3, 257,542
8,017, 876 11,954,449
3.3
4.0
4.3
4.5
2.6
2.8
3.4
3.7
3.0
4.2
4.8
5.5
3,044
577,136,748 179,397,147
23,088,607 32,601, 294
4.0
3.0
4.3
44,197,418
82,998, 759
14, 844,534
42,376,280
5, 349, 582 6,739, 240
7, 564, 822 11, 544, 258
2,189, 937 3,105, 262
8,338,710 11,370,432
3.2
4.1
4.0
4.6
2.6
2.8
3.1
3.8
3.2
4.3
4.4
•5.1
583, 529,145 184,416,991
23,443,051 32,759,192
4.0
3.0
4.3
3,093
164, 649, 820
184, 220, 575
54, 802, 800
179, 865,950
44,904,040
86,496,367
15, 715,136
45,891,957
5, 508,163 6,932,212
7, 379, 692 12, 241,399
2, 357,718 3, 497,410
8,045,400 1% 438, 868
3.3
4.0
4.1
4.3
2.6
2.7
3.2
3.5
3.3
4.5
4.8
5.3
3,147
593,253,850 192,507,500
23,290,973 35,109, 889
3.9
3.0
4.5
571
796
403
1,424
165,101,920
184,195, 745
58,905,530
191,247, 990
45,476,953
87,936.236
16,387,359
47, 328, 336
5, 307, 086 6,920, 889
7,636, 874 12,060,433
2,365,368 3,818, 379
8, 016, 259 11, 708,674
3.2
4.1
4.0
4.2
2.5
2.8
3.1
3.4
3.3
4.5
5.1
4.9
3,194
599, 451,185 197,128,884
23, 325, 587 34,508,375
3.9
2.9
4.3
576
811
436
1,471
165, 631, 980
186,198,725
62,949, 360
200, 625,480
46,157,181
91, 010,405
17,141,070
50, 237,778
5,520,977 5, 606,830
7,629,170 12, 208,788
2, 861, 628 4,229, 776
10, 237, 991 12,203,145
3.3
4.1
4.5
5.1
2.6
2.8
3.6
4.1
2.6
4.4
5.3
5.2
3,294
615,405, 545 204, 546,434
26,249, 766 35, 248, 539
4.3
3.2
4.3
582
834
475
1,521
165, 500, 920
188, 261,155
68,491,105
212, 520, 56(5
46,488, 598
94, 608,921
18,081,496
52, 690,124
5,144, 588 6, 239,358
7, 946,301 12, 534, 630
2, 695, 210 4, 730, 666
9,123,018 13, 302, 370
3.1
4.2
3.9
4.3
2.4
2.8
3.1
3.4
2.9
4.4
5.5
5.0
3,412
634, 773, 746 211, 869,139
24, 909,117 36, 807, 024
3.9 | 2.9
4.3
Sept., 1890, to Mar., 1891:
New England States ... 583
Middle States....,
851
Southern States
522
Western States
1,586
Total
Dividends.
$5,355,787 $7,224,781
7, 357, 400 11, 360, 893
2,137,328 3, 268, 973
7,153, 305 10,953,427
Sept., 1888, to Mar., 1889:'
New England States... 568
Middle States
793
Southern States
382
Western States
1,404
Mar., 1889, to Sept.. 1889:
New England States...
Middle States
Southern States
Western States
Surplus.
$164,837, 370 $43,118, 790
176, 635, 656 76, 574,179
51,515,315 13,247,285
165, 556,200 38, 314,299
Mar., 1888, to Sept., 1888:
New England States... 568
Middle States
793
Southern States
369
Western States
1,363
Total
Capital.
Dividends to
capital.
Dividends to
capital and
surplus.
Earnings to
capital and
surplus.
Ratios.
3,542
Mar., 1891, to Sept., 1891:
New England States... 589
Middle States
874
544
Southern States
1,605
Western States
164, 506, 720
184,628,445
56, 974,485
187,144, 200
47, 263, 871
98, 565, 397
19, 232, 961
54,368, 512
5, 530,473 7, 275, 215
7, 720,433 13,189,635
3,026, 492 4, 842,139
9,491, 377 14,838,985
3.3
4.1
4.0
4.3
2.6
2.7
3.2
3.4
3.4
4.6
5.1
5.4
652, 586, 585 219,430, 741
25, 768, 775 40,145, 974
3.9
3.0
4.6
053, 953
692,776
344, 334
011, 532
5, 231,854 6, 512,910
7, 911, 627 11,475, 715
2, 778, 024 4, 299, 226
9,104,730 13, 329, 789
3.2
4.1
3.6
3.9
2.4
2.7
2.8
3.2
3.0
3.9
4.4
4.6
165, 525,420
189,215, 745
75,175,100
222, 670, 320
165, 392, 090
192,973, 876
78, 244, 000
231,019, 971
48,
99,
20,
58,
Total
3,612
667, 629, 937 226,102, 595
25,026, 235 35,617, 640
3.7
2.8
4.0
General average
2,924
563,944, 040 173,821, 267
22,462,573 30,707,812
4.0
3.0
4.2
184
REPORT OF THE COMPTROLLER OF THE (TRRENCY,.
CLEARINGS AND BALANCES OF THE P>ANKS OF N E W YORK C I T Y
ENDED AT THE J)ATES ( H V E N .
Clearings.
Week cndedSeptember 5,1885
September 12.1885
September 19,1885
September 26,1885
October 3,1885
October 10,1885
October 17,1885
October 24,1885
October 31,1885
November 7,1885
November 14,1885
,
September 4,1886
September 11,1886
September 18.1886
September 25,1886
October 2,1886
October 9,1886
October 16,1886
October 23,1886
October 30,1886
November 6,1886
November 13,1886
;
September 3,1887
September 10,1887
pn^foT>b^r 17.1887 . . . .•
lo^ptcuib'or 24, i'66't
October 1,1887
October 8,1887
October 15,1887
October 22,1887
October 29,1887
November 5,1887
November 12,1887
September 7,1889
September 14,1889
September 21,1889
September 28,1889
October 5,1889
October 12,1889
October 19,1889
()ctober 26,1889
November 2,1889
November 9,1889
_
_
„
".
.. .
_
September 6,1890
September 13,1890
September 20,1890
September 27,1890
October 4,1890
October 11,1890
October 18,1890
October 25,1890
November 1,1890
November 8,1890
September 5,1891
September 12,1891
September 19,1891
September 26,1891
October 3,1891
October 10,1891
October 17,1891
October 24,1891
October 31,1891
No vemb er 7,1891
Ealances.
$476,800. 526.79
484,537, 657. 96
480, 733,380.21
471, 652,048.41
572,076, 277.97
659, 560,5 tO. 70
702, 000,829.74
828, 373,048. 53
695, 214,389. 87
775,416, 016. 98
779,244, 286.61
$22.990, 787. 52
23, 969,367. 46
24, 410,868. 93
22, 978,989. 63
30,158, 232. 32
28, 462,678. 38
29, 632,037. 42
30,475, 583. 77
29, 590,574. 77
30, 751,563. 50
27, 323,721.40
485, 535, 545. 80
520, 437, 476. 86
590, 366, 037.81
691, 723,056. 66
744, 533,107. 30
830, 726,858. 70
774, 127,054.20
734, 586, 056.19
625, 098, 064.48
735, 609, 027.93
.704, 572, 284.86
28, 387,297.77
21,865, 163.40
28, 050,351. 78
25, 603,758.94
31, 285,172. 38
29,964, 285.79
30, 952,375. 99
27,767, 549. 66
26, 607,923.82
31, 825,400.11
28, 065,256. 87
629, 926, 782. 37
29. 322, 367.47
22! 329, 268. 73
562, 627, 925. 28
r"\ c-".. 7,;::. i ^
SO, 974,002. 90
059, U48, 314. 43
."*." " . "
31, 069,309. 36
575, 717, 723.42
29, 825,323.74
676, 201,491.67
31,170, 113.34
718, 896,811.83
33, 350,889.58
742, 551, 452. 60
\
29, 809,361.75
647,590,728.82
31, 289,781.13
706, 280, 839. 34
'. [^.'.'....'/.'..['.'.'.'.'.'.'.'.'.. 602,240,351.60
23,758, 351.99
501,823,033.31
26,231, 528.08
538,170,073.22
34, 047, 518. 67
643,165, 583.40
34,285, 911.38
762, 313,474.79
33,177, 594.55
635, 316,704.00
34, 537, 541.08
811, 518, 650.80
38, 746, 427. 25
722, 328,937.35
44,039,134.77
667,105, 762.02
38,103, 879.02
683,132, 608. 85
35, 700,246. 69
671,138, 259.14
34, 892, 969. 62
*539, 072,637. 58
*26, 376, 380. 51
_.".
September 1,1888
September 8,1888
September 15,1888
September 22,1888
September 29,1888
October 6,1888
October 13,1888
October 20,1888
October 27,1888
November 3,1888
November 10,1888
FOR T H E W E E K S
\
'..'..'..'..'..'.'...'.'.'.'.'.'.'.'.'.'.'.'.'.'..
'..'.'.'.'.'.'..'.'.'.'.'.'.'.'.'.'.'.'.'.'.'..
_
'.'.'.'.'.'.'.'.'.'.'.'.'.'..
.
W'.'.'.'.'.'.'.W'.'.'.'.
_
.'.
.
\.\\\
,
'.'.'.'.'.'.'.'.'.'.'.
..........
*Eive days,
*627,373, 821. 30
701, 255,721.43
662, 991,757. 61
634, 910,008.09
832, 631,300.57
825,030, 373.92
793,010, 506.54
748,911, 481.81
792,903, 317.71
*701, 716,737.44
*25, 336,644.45
30, 544,372.50
29,963, 064.91
30,127, 935.53
37, 583,096. 94
39,074, 871.21
31, 739,904.87
30,394, 788.30
31, 650,051.09
*29,618, 059.24
*580, 421,284.08
729, 990,950.28
828, 699, 591.60
729, 218,488. 39
764, 583,110.58
828, 458, 869. 22
812,971,406.65
754, 368,414.16
781,139, 867.34
*771,107,643.93
*26,929, 166.72
31,503, 583. 86
44,496, 059.90
34, 691,141. 92
34,139, 136. 73
31, 989,265.33
37,165, 872.16
32,174, 919. 35
33, 585,720. 70
*32, 564,337.73
752, 533,010.02
*626, 987, 596.57
731,943,537.15
914, 066, 621.81
704,460, 574.03
739,744,112.77
724. 253,613.65
692, 572, 867. 07
687,083,289.48
*728,805,472.03
33, 243,344.17
*25, 304, (60. 66
31, 949, •82.95
31, 508,345.49
33,046, 709.70
30, 706,064.82
37, 452,472.48
32, 528,331. 89
29, 368, .16
*34, 243,252.60
REPORT OF THE COMPTROLLER OF THE CURRENCY.
185
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE P R O VISIONS OF SECTIONS 5220 AND 5221 OF THE R E V I S E D STATUTES OF THE UNITED
STATES, WITH THE DATES OF LIQUIDATION, THE AMOUNT OF THEIR CAPITAL, C I R CULATION ISSUED AND R E T I R E D , AND CIRCULATION OUTSTANDING OCTOBER 31,1891.
Name and location of bank.
Dateofliqui
dation.
Circulation.
Capital.
First National Bank, Penn Tan, N. Y.t- Apr. 6,1864
First National Bank, Norwich, Conn. *.. May 2.18G4
do .
Second National Bank, Ottumwa, Iowat Oct- 3,1864
Second National Bank, Canton, Ohiot
First National Bank, Lansing, Mich.t... Dec. 5,1864
Sept, 19,1864
$100,000
First National Bank, Columbia, Mo
Mar. 15,1865
30,000
First National Bank, Carondelet, Mo
First National Bank, TJtica, N. Y.*
June ), 1865
5,1865
200,000
Pittston National Bank, Pittson, Pa
Sept.
100,000
Fourth National Bank, Indianapolis, Ind. Nov. 30,1865
100,000
Berkshire National Bank, Adams, Mass.j Dec. 8,1865
400,000
National Union Bank, Rochester, N. Y.. Apr. 26,1866
50,000
First National Bank, Leonardsville, N. Y. July 11,1866
100, 000
Farmers' National Bank, Richmond, Ya. Oct. 22,1866
100, 000
Farmers' National Bank, Waukesha, Wis. Nov. 25,1866
National Bank of Metropolis, WashingNov. 28,1866
200,000
ton, D. C
Mar. 1,1867
100,000
First National Bank, Providence, Pa
Mar. 9,1867
150,000
National State Bank, Dubuque, Iowa
First National Bank of Newton, NewMar. 11,1867
150,000
tonville, Mass
60,000
First National Bank, New trim, Minn .. Apr. 18,1867
National Bank of Crawford County,
Apr. 19,1867
300,000
Meadville, Pa
Kittanning National Bank, Kittanning,
Apr. 29,1867
200,000
Pt
May 28,1867
100,000
City National Bank, Savannah, Ga. t
500,000
Ohio National Bank, Cincinnati, Ohio... July 3,1867
Sept. 26,1867
200, 000
First National Bank, Kingston, N. Y
Dec. 5,1867
50,000
First National Bank, Bluffton, Ind
200,000
National Exchange Bank, Richmond, Ya. . . . . d o
150, 000
First National Bank, Skaneateles, N. Y.. Dec. 21,1867
100, 000
Dec. 26,1867
First National Bank, Jackson, Miss
100, 000
First National Bank, Downingtown, Pa- Jan. 14,1868
100, 000
Jan.
15,1868
First National Bank, Titusville, Pa
Jan.
21,1868
50,000
Appleton
National
Bank,
Appleton,
Wis.
1
Feb.
14,1868
120,000
National Bank of Whitestown, N. Y
First National Bank, New Brunswick,
100, 000
Feb. 26,1868
N.J
First National Bank, Cuyahoga Falls,
M
a
r
.
4,1868
50,000 i
Ohio
M a r . 23,1868
100,000 I
First National Bank, Cedarburg, Wis
Commercial National Bank, Cincinnati,
Apr. 28,1868
500,000
Ohio
100,000
Second National Bank, Watertown, N. Y. July 21,1868
First National Bank, South Worcester,
A
u
g
.
4,1868
175,
500
N.Y
National Mechanics and Farmers' Bank,
350,000
.do.
Albany, N. Y
50,000
Second National Bank, DesMoines, Iowa. Aug. 5,1868
150,000
First National Bank, Steubenville, Ohio. Aug. 8,1868
Aug. 25,1868 • 100, 000
First National Bank, Plumer, Pa ..
50, 000
Sept, 30,1868
First National Bank, Danville, Ya.
150, 000
First National Bank, Dorchester, Mass .. Nov. 23,1868
75, 000
First National Bank, Oskaloosa, Iowa ... Dec. 17,1858
Merchants and Mechanics' National
300, 000
Dec. 31,1868
Bank,Troy,N.Y
National Savings Bank, Wheeling, W.
Jan. 7,1869
100,000
Va
Jan. 12,1869
125,000
First National Bank, Marion, Ohio
200, 010
National Insurance Bank, Detroit, Mich Feb. 26,1869
150, 000
National Bank of Lansingburg, N. Y ... Mar. 6,1869
National Bank of North America, New
A p r . 15,1869 1,000,000
York,N.Y
.'
60,000
A p r . 19,1869
First National Bank, Hallowell, Me
50, 000
A p r . 23,3869
First National Bank, Clyde, N. Y
422, 700
Pacific National Bank, New York, N. Y. M a y 10,1869
390,000
Grocers' National Bank,.New York, N. Y J u n e 7,1869
100,000
Savannah National Bank, Savannah, Ga J u n e 22,1869
50,000
J
u
l
y
30,1869
First National Bank, Frostburg, Md ...
50,000
A u g . 30,1869
First National Bank, La Salle, 111
National Bank of Commerce, GeorgeOct. 28,1869
100,000
town, D.C
* New bank with same title.
t Never completed organization.
% Consolidated with another bank.
Issued.
$90,000
25,500
Retired. Outstanding.
$89,875
25,399
$125
101
100, 000
99,333
667
192, 500
45, 000
85, 000
90, 000
191,473
44,415
84, 668
89,530
1,027
585
332
470
180,000
90, 000
127, 000
176,993
88, 780
125, 665
3,007
1,220
1,335
130,000
54, 000
128, 767
53,205
1,233
795
450,000
180, 000
45, 000
180,000
135, 000
45, 500
90, 000
86,750
45,000
45, 500
444, 060
177, 734
44, 576
179, 315
133,732
45, 320
88,991
85,775
44,379
45, 248
5, 940
2,266
424
685
1,268
180
1,009
975
621
252
1,331
90, 000
345,950
90,000
44,462
89,467
343, 785
88,940
157, 400
155, 781
1,619
314,950
42,500
135,000
87, 500
45, 000
132, 500
67,500
313,010
42,142
133,232
86,167
44, 655
130,577
1,940
358
1,768
1,333
345
1,923
520
184, 750
183,143
1,607
90, 000
109, 850
85,000
135, 000
89,390
109, 004
84,553
133,767
610
846
447
1,233
333,000
53,350
44,000
134,990
85, 250
85, 000
45,000
45, 000
330, 757
52,916
43, 270
134,072
84,866
84,475
44,742
44,515
2,243
434
730
918
384
525
258
485
90,000
89,075
825
45,000
90,000
538
533
2,165
1,060
18G
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER T H E P R O VISIONS OF SECTIONS 5220 AND 5221 OF THE R E V I S E D STATUTES, ETQ.—Cont'd.
Date of liqui
elation.
Name and location of bank.
Miners' National Bank, Salt Lake City,
Utah
First National Bank, Yinton, Iowa
National Exchange Bank, Philadelphia,
Pa
First National Bank, Decatur, 111
N t i l Union
National
U i Bank,
B k Owego,
O
N
N. T
First Natioal
National Bank,
ank, Berlin,
e , Wiss
C t l National
Central
N t i l Bank,
B k Cincinnati,
C i i t Ohio.
First National Bank, Dayton, Ohio
National Bank of Chemung, Elmira, N.Y.
Merchants' National Bank, Milwaukee,
Wis
Dec. 2,1869
Dec. 13,1869
Issued.
$135,000
42,500
Ketired. Outstanding.
Jan. 8,1870
Jan. 10,1870
Jan. 11,1870
Jan. 25,1870
Mar. 31,1870
Apr. 9,1870
June 10,1870
300, 000
100,000
100, 000
500, 000
500, 000
150,000
100,000
175, 750
85,250
88, 250
44,000
425,000
135,000
90, 000
$134,034
42, 293
173,672
84,205
87, 297
43, 612
421,120
133, 820
89,488
June 14,1870
100,000
200,000
90,000
179,990
89, 320
178, 577
680
1,413
Aug. 3,1870
Sept. 23,1870
Oct. 13,1870
Oct. 15,1870
Oct. 24,1870
100,000
100, 000
50,000
300,000
100,000
90, 000
89,147
853
27,000
270, 000
85, 000
266,933
84,338
110
3,067
662
First National Bank, St. Louis, Mo
July 16,1870
Chemung Canal National Bank, Elmira,
Central National Bank, Omaha, Nebr.* ..
First National Bank, Clarksville, Va. -..
First National Bank, Burlington, Vt
First National Bank, Lebanon, Ohio
National Exchange Bank, Lansingburs,
Circulation.
Capital.
$150,000
50, 000
207
2,078
1,045
953
388
3,880
1,180
512
Dec. 27,1870
100,000
90,000
89,404
596
Muskingum National Bank, Zanesville, Jan. 7,1871
Ohio
Feb. 15,1871
United National Bank, Winona, Minn ... Mar.
25,1871
First National Bank, Des Moines, Iowa.
Saratoga County National Bank, Water- Mar. 28,1871
ford, N.Y
Mar. 31,1871
State National Bank, St. Joseph, Mo
May 2,1871
First National Bank, Fenton, Mich
24,1871
First National Bank, Wellsburg, W. Ya . June
Clarke National Bank, Kochester, N. Y . Aug. 11,1871
Commercial National Bank, Oshkosh, Nov. 22,1871
Wis
Fort Madison National Bank, Fort Madi- Dec. 26,1871
son, Iowa
Jagi. 6, 1872
National Bank of Maysville, Ky
A . 9,1872
Fourth National Bank, Syracuse, N. Y... JMiy
10,1872
American National Bank, New York,
N.Y
Carroll County National Bank, Sand- May 24,1872
wich, N.H
June 24,1872
Second National Bank, Portland, Me
Atlantic National Bank, Brooklyn, N.Y. J u l y 15,1872
Merchants and Farmers' National Bank, Aug. 8,1872
Quincy, 111
Aug. 9,1872
First National Bank, Rochester, N. Y ... Sept.
10,1872
Lawrenceburg, National Bank, Ind
Jewett City National Bank, Jewett City,
Oct.
4,1872
Conn
First National Bank, Knoxville, Tenn ... Oct. 22,1872
Nov.
7,1872
First National Bank, Goshen, Ind
Kidder National Gold Bank, Boston,
Nov. 8,1872
Second National Bank, Zanesville, Ohio.. N o v . 16,1872
Orange County National Bank, Chelsea,
100,000
50,000
100,000
90,000
45, 000
90,000
89,235
44,585
89,208
765
415
792
150,000
100, 000
100,000
100,000
200,000
135,000
90,000
49, 500
90,000
180,000
134,037
89,455
49, 008
89,243
178,234
963
545
492
757
1,766
N.Y
.....?..
692
100,000
90,000
75, 000
300,000
105,500
500,000
67, 500
270,000
91,700
450,000
66,990
268,647
90,848
443,941
510
1,353
852
6,059
50,000
45,000
44,443
557
100,000
200,000
81,000
165,000
79, 994
163, 580
1,006
1,420
150, 000
400, oOO
200,000
135,000
206,100
180, 000
133, 675
203,774
177,860
1, 325
2,326
2,140
60,000
100, 000
115,000
48,750
80, 910
103,500
48,242
80,096
102,228
508
814
1,272
300,000
154,700
120, 000
138,140
120,000
136,458
1,682
Jan. 14,1873
Second National Bank, Syracuse, N. Y... Feb. 18,1873
200,000
100,000
180,000
90,000
177,756
88,815
2,244
1,185
Feb. 28,1873
Mar. 7,1873
230,000
75,000
207,000
66,900
207,000
65,990
910
Mar. 11,1873
140,000
93,800
92,850
950
Apr. 15,1873
do
June 3,1873
100,000
100, 000
50,000
83,250
81,500
45,000
82,285
31,375
44,410
965
125
590
June 30,1873
July 18,1873
50,000
150, 000
45,000
116,770
44,271
115,273
729
1,497
Richmond National Bank, Richmond,
Ind*
First National Bank, Adams, N. Y
Mechanics' National Bank, Syracuse
N.Y
..::
Farmers and Mechanics' National Bankj
Rochester, N.Y
Montana National Bank, Helena, Mont..
First National Bank, Havana, N. Y
Merchants and Farmers' National Bank,
Ithaca, N.Y
National Bank of Cazenovia, N.Y
Merchants' National Bank, Memphis,
Tenn
Manufacturers' National Bank, Chicago,
Second National Bank, Chicago,
Aug. 30,1873
250,000
225,000
222,383
2,717
Sept. 25,1873
Hi......
do
500,000
100,000
438,750
97,500
433,106
96,081
5,644
1,419
* New bank, with same title.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
187
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OP THE REVISED STATUTES, ETC.—Cont'd.
"Same and location of bank.
Date of
liquidation.
Merchants' National Bank, Dubuque,
Iowa
Sept. 30,1873
Beloit National Bank, Beloit, Wis
Oct. 2,1873
Union National Bank, St. Louis, Mo
Oct. 22,1873
City National Bank, Green Bay, Wis
Nov. 29,1873
First National Bank, Slielbina, Mo
Jan. 1,1874
Second National Bank, Nashville, Tenn. Jan. 8,1874
First National Bank, Oneida, N. Y
Jan. 13,1874
Merchants' National Bank, Hastings,
Minn
Feb. 7,1874
Mar. 3,1874
National Bank of Tecuniseh, Mich
Gallatin National Bank, Shawneetown,
Mar. 7,1874
111.
First National Bank, Brookville, Pa
. Mar. 26,1874
Citizens' National Bank, Sioux City,
Apr. 14,1874
Iowa
Citizens' National Bank, Charlottesville,
Apr. 27,1874
Va
Farmers' National Bank, Warren, 111
Apr. 28,1874
First National Bank, Medina, Ohio
May 6,1874
Croton River National Bank, South East,
N.Y
May 25,1874
Merchants' National Bank of West Virginia, Wheeling, W. Va
July 7,1874
Central National Bank, Baltimore, Md .. July 15,1874
Second National Bank, Leavenworth,
July 22,1874
Kans
Teutonia National Bank, New Orleans,
Sept. 2,1874
La
City National Bank, Chattanooga,Tenn.. Sept. 10,1874
First National Bank, Cairo, 111
Oct. 10,1874
First National Bank, Olathe, Kans
Nov. 9,1874
First National Bank, Beverly, Ohio
Nov. 10,1874
Union National Bank, LaFayette, Ind... Dec. 4,1874
Ambler National Dank, Jacksonville,
Dec. 7,1874
Fla.*
Mechanics' National Bank, Chicago, 111.. Dec. 30,1874
First National Bank, Evansville, Wis ... Jan. 9,1875
First National Bank, Baxter Springs,
Kans
Jan. 12,1875
do
People's National Bank, Pueblo, Colo
National Bank of Commerce, Green Bay,
do
Wis
First National Bank, Millersburg, Ohio.. ....do
First National Bank, Staunton, Va
Jan. 23,1875
National City Bank, Milwaukee, Wis
Irasburg National Bank of Orleans, Iras- Feb. 24,1875
Mar. 17,1875
burg, Vt
Mar. 25,1875
First National Bank, Pekin, 111
Merchants and Planters' National Bank,
Mar. 30,1875
Augusta, Ga
Monticello National Bank, Monticello,
..do.
Iowa
Iowa City National Bank, Iowa City, Iowa Api. 14,1875
First National Bank, Wheeling, W. Va.. Apr. 22,1875
First National Bank, Mount Clemens,
M a y 20,1875
Mich
:
First National Bank, Knob Noster, Mo.. M a y 29,1875
First National Bank, Brodhead, Wis
June 24,1875
Auburn City National Bank, Auburn,
June 26,1875
N.Y
First National Bank, El Dorado, Kans... J une 30,1875
First National Bank, Junction City, Kans July 1,1875
July 19,1875
First National Bank, Chetopa, Kans
A u g . 25,1875
First National Bank, Golden, Colo
A u g . 26,1875
National Bank of Jefferson, Wis
Green Lane National Bank, Green Lane,
Sept. 9,1875
Pa
Sept. 15,1875
State National Bank, Topeka, Kans
Farmers' National Bank, Marshalltown,
Richland NationaYBanki Mansfield Ohio
Planters' National Bank, Louisville, Ky.
First National Bank, Gallatin, Tenn.
First National Bank, Charleston, W. Va.
Peoples' National Bank, Winchester, 111.
Sept. 18,1875
Sept. 25,1875
Sept. 30,1875
Oct. 1,1875
Oct. 2,1875
Oct. 4,1875
Circulation.
Capital.
Issued.
Retired.
Outstanding.
$200,000
50, 000
500,000
50, 000
100,000
125,000
125,000
$180, 000
45,000
150, 300
45,000
90,000
92,920
110, 500
$176,220
44,369
148,353
44,285
89,277
91, 615
108,886
$3,7S0
631
1,947
715
723
1,305
1,614
100, 000
50,000
90, 000
45,000
88,450
44,350
1,550
650
250, 000
100,000
225,000
90,000
222, 932
88,735
2,068
1,265
50, 000
45,000
44,820
180
100,000
50, 000
75,000
90,000
45,000
45,000
89,139
44,433
44,708
861
567
292
200,000
166, 550
163, 580
2,970
500, 000
200,000
450,000
180,000
444,515
178, 716
5,485
1,284
100,000
90,000
87,870
2,130
300, 000
170,000
100,000
50, 000
102, 000
250,000
270,000
148, 001
90, 000
45,000
90,000
224,095
267,730
146,859
88,591
44,629
88,456
220,059
2,270
1,142
1,409
371
1,544
3,936
42, 500
250, 000
55,000
125,900
45,000
123,650
44,541
2,250
459
50, 000
50,000
36,000
27,000
35,630
26,813
100,000
100,000
100,000
100,000
90,000
60,400
90,000
60, 000
89,165
60,008
88,972
59,065
370
187
835
392
1,028
935
75,000
100,000
67, 500
90,000
200,000
169,000
66,456
88,625
167,160
1,840
100,000
125,000
250,000
45,000
104, 800
225,000
44, 751
102,981
221,398
249
1,819
3,602
50, 000
50, 000
50,000
27,000
43, 800
45,000
26,890
43,415
44,465
110
385
535
200, 000
50,000
50,000
50,000
50, 000
60, 000
141,300
45,000
45, 000
36,000
27,000
54,000
138,959
44, 507
44.665
35; 675
26,808
52,977
2,341
493
335
325
192
1,023
100, 000
60, 000
90,000
30,600
30,462
374
138
50,000
150, 000
350,000
75,000
100,000
75,000
27,000
130, 300
315,000
45, 000
90, 000
67,600
26,820
127,798
309,446
44,600
89, 099
66,802
180
2,502
5,554
400
901
* No circulation
1,044
1,375
188
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Circulation.
Name and location of bank.
Date of
liquidation.
First National Bank, New Lexington,
Ohio
Oct. 12,1875
First National Bank, Ishpeming, Mich .. Oct. 20,1875
Fayette County National Bank, Washington, Ohio
Oct. 26,1875
Merchants' National Bank, Fort Wayne,
Nov. 8,1875
Ind
Kansas City National Bank, Kansas
City, Mo
Nov. 13,1875
First National Bank, Schoolcraft, Mich.. Nov. 17,1875
First National Bank, Curwensville, Pa . Dec. 17,1875
National Marine Bank, St. Paul, Minn .. Dec. 28,1875
Jan. 11,1876
First National Bank, Rochester, Ind
....do
First National Bank, Lodi, Ohio
Iron National Bank, Portsmouth, Ohio.. Jan. 19,1876
Jan. 26,1876
First National Bank, Ashland, Nebr
Jan. 28,1876
First National Bank, Paxton, 111
First National Bank, Bloomfield, Iowa.. Feb. 5,1876
Marietta National Bank, Marietta, Ohio. Feb. 16,1876
Salt Lake City National Bank, Salt Lake
City, Utah
Feb. 21,1876
Feb. 24,1876
First National Bank, La Grange, Mo
Mar. 7,1876
First National Bank, Atlantic, Iowa
Mar. 11,1876
First National Bank, Spencer, Ind
National Currency Bank,New York, N.Y. Mar. 23,1876
Caverna National Bank, Caverna, Ky... May 13,1876
May 25,1876
City National Bank, Pittsburg, Pa
National State Bank, Des Moines, Iowa. June 21,1876
June 22,1876
First National Bank, Trenton, Mo
July 10,1876
First National Bank, Bristol, Tenn
July 11,1876
First National Bank, Leon, Iowa
Anderson County National Bank, Lawrenceburg, Ky
July 29,1876
First National Bank, Newport, Ind
Aug. 7,1876
First National Bank, De Pere, Wis
Aug. 17,1876
Second National Bank, Lawrence, Kans. Aug. 23,1876
Commercial National Bank, Versailles,
Aug. 26,1876
Ky
Aug. 31,1876
State National Bank, Atlanta, Ga
Syracuse National Bank, Syracuse, N. Y. Sept. 25,1876
First National Bank, Northumberland,
Pa
Oct. 6,1876
First National Bank, Lancaster, Mo
Nov. 14,1876
First National Bank, Council Grove,
Kans
Nov. 28,1876
National Bank of Commerce, Chicago, Hi Dec. 2,1876
Dec. 12,1876
First National Bank, Palmyra, Mo
Dec. 16,1876
First National Bank, Newton, Iowa
National Southern Kentucky Bank, Bowling Green, Ky
Dec. 23,1876
First National Bank, Monroe, Iowa
Jan. 1,1877
First National Bank, New London, Conn. Jan. 9,1877
Winona Deposit National Bank, Winona,
Minn
Jan. 28,1877
First National Bank, South Charleston,
Ohio
Feb. 24,1877
Lake Ontario National Bank, Oswego,
....do
N.Y
:.. Feb. 26,1877
First National Bank, Sidney, Ohio
Apr. 9,1877
Chillicothe National Bank, Ohio
Apr. 13,1877
First National Bank, Manhattan, Kans . Apr. 23,1877
National Bank, Monti cello, Ky
Apr. 25,1877
First National Bank, Rockviile, Ind
May 31,1877
Georgia National Bank, Atlanta, Ga
June 11,1877
First National Bank, Adrian, Mich
June 30,1877
First National Bank, Napoleon, Ohio... Aug. 1,1877
First National Bank, Lancaster, Ohio... Aug. 24,1877
First National Bank, Minerva, Ohio
Aug. 28,1877
Kinney National Bank, Portsmouth, Ohi Oct. 19,1877
First National Bank, Green Bay, Wis... Oct. 27,1877
National Exchange Bank, Wakefield, R.I Nov. 10,1877
First National Bank, Union City, Ind... Nov. 13,1877
First National Bank, Negaunee, Mich ... Nov. 23,1877
Tenth National Bank, New York, N. Y.. Dec. 1,1877
First National Bank, Paola, Kans
Dec. 6,1877
National Exchange Bank, Troy, N. Y... Dec. 20,1877
Second National Bank, La Fayette, Ind.
Capital.
Issued.
Retired.
Outstanding.
$50,000
50,000
$45,000
45,000
$44,607
44,338
100,000
81,280
80,497
100,000
46,820
46,215
605
100, 000
50, 000
100, 000
100, 000
50,000
100, 000
100,000
50,000
50, 000
55,000
150, 000
65,991
45,000
90, 000
59, 710
45, 000
90,000
90, 000
45, 000
45, 000
49,500
90, 000
65,087
44, 462
88,388
58,235
43, 015
88,370
89,077
44,574
44,107
48,430
87, 971
904
538
1,612
1,475
1,985
1,630
923
426
893
1,070
2,029
100,000
50, 000
50,000
70,000
100,000
50,000
200,000
100,000
50, 000
50,000
60,000
45,000
45,000
45, 000
63,000
45, 000
45, 000
68,929
50,795
45, 000
45,000
45,000
44,110
44,430
44, 450
62, 480
43,900 j
44,615 '
68,141
49, 405
44, 476
44,657
44,040
890
570
550
520
1,100
385
788
1,390
524
343
960
100,000
60, 000
50, 000
100,000
45, 000
45, 000
31,500
67, 500
44, 710
44,328
31, 233
66,630
290
672
267
870
170,000
200,000
200, 000
153, 000
73,725
117, 961
150, 817
72,115
114, 218
2,183
1,610
3,743
100, 000
50, 000
62,106
27,000
60,153
26,847
1,953
153
50,000
250, 000
100,000
50,000
26, 500
71,465
46,140
45,000
26,133
70,129
44,836
43,734
367
1,336
1,304
1,266
50,000
60, 000
100, 000
27,000
35,700
38,300
26, 732
35, 317
36,476
383
1,824
1, 615
662
100,000
63,285
61,670
100,000
. 90, 000
87,945
2,055
66,405
46, 200
53,825
44,200
49, 500
173, 090
45, 000
43,500
45,000
54,000
45,000
90, 000
45,000
34,650
45, 000
45,000
441,000
44,350
90,000
52,167
62, 204
45,157
62, 055
43,570
48, 360
169, 530
43,598
42,756
44,052
52, 291
44,331
88,820
43, 849
33,591
43, 945
44,173
420,950
43, 457
87, 646
48,579
4,201
1,043
1,770
630
1,140
3,560
1,402
744
948
1,709
669
1,180
1,151
1,059
1, 055
827
20,050
893
2,354
275, 000
52,000
100,000
52, 000
60, 000
200, 000
100, 000
100, 000
50,000
60, 000
50, 000
100, 000
50, 000
70, 000
50, 000
50, 000
500,000
50, 000
100, 000
200,000
REPORT OF THE COMPTROLLER OF THE CURRENCY.
189
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Name and location of bank.
Date of
liquidation.
State National Bank, Minneapolis, Minn. Dec. 31,1877
Second National Bank, St. Louis, Mo
Jan. 8,1878
...do
First National Bank, Sullivan, Ind
Bockland County National Bank, Nyack,
Jan, 10,1878
First National Bank, Wyandotte, Kans.. Jan. 19,1878
First National Bank, Boone, Iowa
Jan. 22,1878
First National Bank, Pleasant Hill, Mo.. Feb. 7,1878
National Bank of Gloversville, N. Y
Feb. 28,1878
First National Bank, Independence, Mo. Mar. 1,1878
National State Bank, Lima, Ind
Mar. 2,1878
First National Bank, Tell City, Ind
Mar. 4,1878
First National Bank, Pomeroy, Ohio
Mar. 5,1878
Eleventh Ward National Bank, Boston,
Mass
Mar. 14,1878
First National Bank, Prophetstown, 111.. Mar. 19,1878
First National Bank, Jackson, Mich
Mar. 26,1878
First National Bank, Eau Claire, Wis ... Mar. 30,1878
First National Bank, Washington, Ohio . Apr. 5,1878
First National Bank, Middleport, Ohio .. Apr. 20,1878
First National Bank, Streator, 111
Apr. 24,1878
First National Bank, Muir, Mich
Apr. 25,1878
Kane County National Bank, Saint
Charles, 111
May 31,1878
First National Bank, Carthage, Mo
June 1,1878
Security National Bank, Worcester, Mass June 5,1878
First National Bank, Lake City, Colo
June 15,1878
People's National Bank, Norfolk, Va
July 31,1878
Topeka National Bank, Topeka, Kans ... Aug. 7,1878
First National Bank, St. Joseph, Mo
Aug. 13,1878
First National Bank, Winchester, Ind ... Aug. 24,1878
Muscatine National Bank, Muscatine,
Iowa
Sept. 2.1878
Traders' National Bank, Chicago, 111
Sept. 4,1878
Union National Bank, Rahway, N. J
Sept. 10,1878
First National Bank, Sparta, Wis
Sept. 14,1878
Herkimer County National Bank, Little
Falls, N.Y
Oct. 11,1878
Farmers' National Bank, Bangor, Me
Nov. 22,1878
Pacific National Bank, Council Bluffs,
Nov. 30,1878
Iowa
Dec. 14,1878
First National Bank, Anamosa, Iowa
Smithfield National Bank, Pittsburgh Pa. Dec. 16,1878
Firat National Bank, Buchanan, Mich... Dec. 21,1878
Dec. 24,1878
First National Bank, Prairie Citv, 111
Corn Exchange National Bank, Chicago,
Jan. 4,1879
111.
Franklin National Bank, Columbus,Ohio. Jan. 4,1879
Traders' National Bank, Bangor, Me . Jan. 14,1879
First National Bank, Gonic, N. H
Jan. 14,1879
Jan. 14,1879
First National Bank, Salem, N. C
Jan. 14,1879
First National Bank, Granville, Ohio
Commercial National Bank, Petersburg,
Va
Jan. 14,1879
First National Gold Bank, Stockton, Cal. Jan. 14,1879
First National Bank, Sheboygan, Wis... Jan. 14,1879
First National Bank, Boscobel, Wis
Jan, 21,1879
National Marine Bank, Oswego, N. Y
Jan. 25,1879
Central National Bank, Hightstown,N.J. Feb. 15,1879
Brookville National P>ank, Brookville,
Feb. 18,1879
Ind
Farmers' National Bank, Centreville,
Feb. 27,1879
Iowa
First National Bank, Clarinda, Iowa
Mar. 1,1879
Waterville National Bank, Waterville,
Mar. 3,1879
Me
First National Bank, Tremont, Pa
Mar. 4,1879
First National Bank, Atlanta, 111
Apr. 15,1879
Apr. 22,1879
Union National Bank, Aurora, 111
Apr. 26,1879
National Bank of Menasha, Wis
National Exchange Bank, Jefferson City,
Mo
May 8,1879
First National Bank, Hannibal, Mo
May 15,1879
Merchants' National Bank, Winona,
Minn
. June 16,1879
Farmers' National Bank, Keithsburg,
ni
July 3,1879
Circulation.
Capital.
Issued.
Eetired.
Outstanding.
$100,000
200,000
50, 000
$82,500
53, 055
45,000
$80,064
48,710
44,385
$2,436
4,345
615
100, 000
50, 000
50, 000
50, 000
100, 000
50, 000
100, 000
50, 000
200,000
89, 000
45, 000
32,400
45, 000
64,750
27,000
33,471
44,500
75,713
87,036
44,215
31,755
44,098
63, 616
25, 691
32,142
43, 930
71,660
1,964
785
645
902
1,134
1,309
1,329
570
4,053
200,000
50, 000
100, 000
60,000
200,000
80, 000
50,000
50,000
89,400
45, 000
88,400
38,461
69,750
31, 500
40,500
44, 200
87,845
44,508
86,245
37.672
66, 820
31,075
40, 005
43, 574
1,555
492
2,155
789
2,930
425
495
626
50,000
50,000
100,000
50,000
100,000
100,000
100, 000
60,000
26, 300
44, 500
49,000
29,300
85,705
89, 300
67,110
52,700
25,818
43,758
48, 230
29,089
83,610
86,926
66,190
50, 824
482
742
770
211
2,095
2,374
920
1,876
100,000
200,000
100,000
50,000
44,200
43,700
89,200
45,000
41, 986
40, 300
86,380
43,778
2,214
3,400
2,820
1,222
200,000
100,000
178,300
89,100
172,748
86,952
5,552
2,148
100, 000
50,000
200,000
50, 000
50,000
45,000
44,500
78,750
27,000
27,000
43, 670
43,189
75,600
26,577
25, 790
1,330
1,311
3,150
423
1,210
500,000
100,000
100,000
60, 000
150,000
50, 000
59,160
93,070
76,400
45,597
128,200
34,365
53,408
89,633
73,350
43,806
123,960
31,775
5,752
3,437
3,050
1,791
4,240
2,590
120,000
300,000
50,000
50,000
120,000
100,000
99,800
238,600
45,000
43,900
44,300
32,400
95,678
224,191
44,190
42, 866
41,856
31,808
4,122
14,409
810
1,034
2,444
592
100,000
89,000
85,725
3,275
50,000
50,000
41,500
45,000
40,848
44,224
652
776
125,000
75,000
50,000
125,000
50,000
110,300
64,600
26,500
82,000
44,500
106,378
01,468
25,830
78,925
43,523
3,922
3,132
670
3,075
977
50,000
100,000
45,000
43,758
83,882
1,242
4,318
100,000
35,000
34,296
704
50? 000
27,00Q
26,180
820
190
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Circulation.
Name and location of bank.
[Date of
liquidation.
Capital.
July 5,1879
First National Bank, Franklin, Ky
$100,000
July 8,1879
50, 000
National Bank of Salem, Salem, Ind
July
19,1879
125, 000
Fourth National Bank, Memphis, Tenn July 21, 1879
Bedford National Bank, Bedford, Ind
100,000
Aug. 15, 1879
First National Bank, Afton, Iowa
50,000
50,000
First National Bank, Deer Lodge, Mont - Aug. 10.1879
Aug.
30,1879
50,000
First National Bank, Batavia, 111
National Gold Bank and Trust Company,
San Francisco, Cal
Sept. 1,1879
750,000
Gainesville National Bank, Gainesville,
Ala
Nov. 25,1879
100,000
First National Bank, Hackensack, N. J . . Dec. 6,1879
100,000
National Bank of Delavan, Delavan,
Wis
Jan. 7,1880
50,000
Mechanics' National Bank, Nashville,
Tenn
Jan. 13,1880
100, 000
Manchester National Bank, Manchester, Ohio
....do
Jo,ooo
First National Bank, Meyersdale, Pa
Mar. 5,1880
50,000
First National Bank, Milflinhurg, Pa
Mar. 8,1880
100,000
National Bank of Michigan, Marshall,
Mich
May 14,1880
120,000
National Exchange Bank, Houston, Tex. Sept. 10,1880
100, 000
Ascutney National Bank, Windsor, Vt .. Oct. 19,1880
100,000
First National Bank, Seneca Falls, N. Y. Nov. 23,1880
60,000
First National Bank, Baraboo, Wis
Nov. 27,1880
50, 000
Bundy National Bank, New Castle, Ind - Dec. 6,1880
50,000
Vineland National Bank, Vineland, N. J . Jan. 11,1881
50, 000
Ocean County National Bank, Toms
Eiver, N. J
....do
100,000
Hungerford National Bank, Adams, N. Y
50, 000
Merchants' NationalBank, Minneapolis, Jan. 27,1881
Minn
150, 000
Farmers' National Bank, Mechanics- Jan. 31,1881
burg, Ohio
100,000
First National Bank, Green Spring, Feb. 18,1881
....do
Ohio
50,000
First NationalBank, Cannon Falls, Minn. Feb. 21,1881
50,000
First National Bank, Coshocton, Ohio... ....do
50, 000
Manufacturers' National Bank, Three
Rivers, Mich
Feb. 25,1881
50, 000
First National Bank. Lansing, Iowa
....do
50,000
First National Bank, Watertown, N. Y.. May 26,1881
100,000
First National Bank, Americus, Ga
June 17,1881
60,000
First National Bank, St. Joseph, Mich... June 30,1881
50, 000
First National Bank, Logan, Ohio
July 8,1881
50,000
First National Bank, Roehelle, 111
Aug. 9,1881
50,000
First National Bank, Shakopee, Minn... Aug. 10,1881
50,000
National State Bank, Oskaloosa, Iowa... Aug. 13,1881
50,000
Aug. 27,1881
First National Bank, Hobart, N. Y
100,000
Aug.
30,1881
Attica National Bank, Attica, N. Y
50, 000
National Bank of Brighton, Boston, Mass Oct. 4,1881
300, 000
Clement National Bank, Rutland, Vt. * - - Aug. 1,1881
100,000
Nov. 1,1881
First National Bank, Lisbon, Iowa*
50,000
Dec. 1,1881
First National Bank, Warsaw, Ind
50,000
Brighton National Bank, Brighton, Iowa. Dec. 15,1881
50, 000
Merchants' National Bank, Denver, Colo. Dec. 24,1881
120,000
Merchants' National Bank, Holly, Mich. Dec. 31,1881
50, 000
Jan. 3,1882
First National Bank, Alliance, Ohio
50, 000
National Union Bank,NewLondon, Conn. Jan. 10,1882
300, 000
National Bank of Royalton, Vt
....do
100, 000
First National Bank, Whitehall, N. Y . . . Jan. 18,1882
50,000
National Bank of Pulaski, Tenn
70,000
Jan. 23,1882
First National Bank, Alton, 111
Mar. 30,1882
100,000
Havana National Baak, Havana, N. Y . . . Apr. 15,1882
50,000
First National Bank, Brownsville, Pa . . . May 2,1882
75,000
Second National Bank, Franklin, Ind
June 20,1882
100,000
Merchants' National Bank, Georgetown,
Colo
June 22,1882
50, 000
Commercial National Bank, Toledo, Ohio. July «,1882
100, 000
Harmony Nation?! Bank, Harmony, Pa . July 7,1882
50,000
First National Bank, Liberty, Ind
July 22,1882
60,000
Manufacturers' National Bank, Amsterdam, N.Y
Aug. 1,1882
80, 000
First National Bank, Bay City, Mich . . . . Nov. 8,1882
400, 000
First National Bank, Ripley, Ohio
Nov. 10,1882
100, 000
* New bank with same title.
Issued.
Retired.
Outstanding.
$54,000
44,400
45,000
87, 200
26, 500
45,000
44, 300
$52,180
43,762
43,110
85,457
25, 524
43,920
42,300
$1,820
638
1,890
1,743
976
1,080
2,000
40,000
29,350
10,650
90,000
90, 000
87,449
3,536
2,551
27,000
25,800
1,200
90, 000
84,600
5,400
48, 303
30,600
90, 000
46,455
30,080
85,995
100,800
31, 500
90,000
54,000
27, 000
45,000
45, 000
96,811
30, 082
86, 656
52,728
26, 360
44,509
44, 366
1,848
.520
4,005
3,989
1,418
3,344
1,272
640
491
634
119,405
45,000
113,500
41,848
5,905
3,152
96,247
2,021
30,140
29,055
1,085
45,000
45,000
53,058
43,912
44, 323
51,640
45,000
45,000
75,510
45,000
26,500
45, 000
45,000
45,000
81,665
90,000
45,000
270,000
43, 927
43,458
70, 855
43, 910
23,730
43, 515
43,963
43, 585
78, 555
86,206
43,970
259,283
1,088
677
1,418
1,073
1,542
4,655
1,090
2,770
1,485
1,037
1,415
3,110
3,704
1,030
10,717
45, 000
48, 500
45,000
72,000
45,000
45, 000
112, 818
90,000
45, 000
43,700
90,000
45,000
67, 500
81,060
44, 020
46,875
43,812
69,-780
43,762
43,498
107, 537
86,203
42,169
41,538
85,840
43,219
63,690
74,930
1,625
1,188
2,220
1,238
1,502
5,281
3,797
2,831
2,162
4,160
1,781
3,810
6,130
45,000
90,000
45,000
54,000
44,083
87,560
43,240
917
2,440
1,760
1,904
72,000
156,100
69,201
69,870
149,663
63,194
2,130
6,497
MOT
REPORT OF THE COMPTROLLER OF THE CURRENCY.
191
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OP SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Circulation.
Name and location of bank.
Date of
liquidation.
National Bank of State of New York,
New York, N.Y
First National Bank, Wellington, Ohio ..
Second National Bank, Jefferson, Ohio ..
First National Bank, Painesville, Ohio ..
St. Nicholas National Bank, New York,
Dec. 6,1882
Dec. 12,1882
Dec. 26,1882
Dec. 30,1882
$800,000
100, 000
100, 000
200,000
$397, 004
90, 000
90, 000
162,800
$379,817
86, 777
85 783
153,146
$17,187
3,223
' 4,217
9,054
....do
....do
Jan. 3,1883
Jan. 9,1883
500, 000
500, 000
50,000
150, 000
450,000
29,700
45,000
59,400
420, 807
22, 321
43, 228
55, 579
29,193
7,376
1,772
3,821
:
N. Y
Fifth National Bank, Chicago, 111
First National Bank, Dowagiac, Mich . . .
First National Bank, Greenville, 111
Merchants' National Bank, East Saginaw, Mich
Logan County National Bank, Russellville,Ky
National Bank of Vandalia, 111
Traders' National Bank, Charlotte, N.C .
First National Bank, Norfolk, Nebr
First National Bank, Midland City, Mich*
Citizens' National Bank, NewUlm,Minn.
National Bank of Owen, Owenton, Ky...
Merchants' National Bank, Nashville,
Tenn
Indiana National Bank, Bedford, Ind
Stockton National Bank, Stockton, Cal..
Wall Street National Bank, New York,
N.Y
Commercial National Bank, Reading, Pa.
Corn Exchange National Bank, Chicago,
111*
:..Farmers' National Bank, Sullivan, Ind ..
City National Bank, La Salle, 111
Hunt County National Bank, Greenville,
Tex
Waldoboro National Bank, Waldoboro,
Me
Third National Bank, Nashville, Tenn ..
Madison County National Bank, Anderson, Ind
First National Bank, Phoenix, Ariz
Cobbossee National Bank, Gardiner, Me .
Mechanics and Traders' National Bank,
New York, N. Y
Princeton National Bank, Princeton,
N. J
Kearsarge National Bank, Warner, N. H.
Second National Bank, Lansing, Mich . . .
First National Bank, Ellensburg, Wash.
German Nation* Bank, Millerstown, Pa.
Exchange National Bank, Cincinnati,
Ohio.7.
First National Bank, Rushville, 111
Mechanics' National Bank, Peoria, 111...
First National Bank, Freeport, Pa
Genesee County National Bank, Batavia,
N.Y
:
Capital.
Be tired.
Outstanding.
200, 000
101,100
94, 599
6,501
.do .
Jan. 11,1883
Jan. 16,1883
Feb. 3,1883
Feb. 5,1883
Mar, 1,1883
Mar. 5,1883
50,000
100, 000
50,000
45,000
30, 000
50, 000
56,000
40, 050
90, 000
38,800
11,240
38,810
72, 910
37, 316
11,020
1,240
17,090
1,484
220
27, 000
48,900
25,760
46,360
1,240
2,540
June 30,1883
Aug. 25,1883
Oct 1,1883
300, 000
35, 000
100, 000
141,200
11, 250
90,000
132,440
11, 250
86,420
8,760
Oct. 15,1883
Oct. 23,1883
500, 000
150,000
102, 800
135,000
91, 920
127, 550
10, 874
7,450
Nov. 10,1883
Dec. 24,1883
Jan. 8,1884
700, 000
50, 000
100,000
41,920
20,270
3,080
2,230
Jan. 22,1884
68, 250
45, 000
22, 500
17,300
15,720
1,580
Jan. 31,1884
Feb. 20,1884
50, 000
300, 000
44,000
167,600
40, 359
158, 390
3,641
9, 210
Mar. 25,1884
Apr. 7,1884
Apr. 18,1884
50, 000
50, 000
150, 000
45, 000
11,240
90, 000
43, 400
11,000
83,055
1,600
240
6,945
Apr. 24,1884
200, 000
85,400
76, 540
May 17,1884
June 30,1884
July 31,1884
Aug. 9,1884
Aug. 12,1884
100, 000
50, 000
50, 000
50, 000
50, 000
72, 500
23, 58G
40, 000
13,500
45, 000
69, 315
22,333
35, 744
12,750
40,055
3,185
1, 253
4, 250
750
4,945
Aug. 27,1884
Sept. 30,1884
Oct. 4,1884
Oct. 10,1884
500,000
75, 000
100, 000
50, 000
78, 000
66, 500
72, 000
44,200
71,740
59, 721
65, 033
39,930
6,260
6,779
6,967
4,270
Oct. 11,1884
Oct. 20,1884
50,000
50,000
45, 000
22,150
43, C50
20, 210
1,950
1,940
22, 500
21,830
670
45,000
41,690
3, 310
..do -
Valley National Bank, Red Oak, Iowa . . .
73, 000
Merchants' National Bank, Bismarck, Oct. 28,1884
Dak....
Manufacturers' National Bank, Minne- Nov. 1,1884
300,000
apolis, Minn
Farmers and Merchants' National Bank, Nov. 10,1884
50,000
Uhrichsville, Ohio
Metropolitan National Bank, New York, Nov. 18,1884 3,000, 000
N.Y
First National Bank, Grand Forks, N. Dec. 2,1884
50,000
Dak
Dec. 8,1884
50,000
Iron National Bank, Gunnison, Colo
Freehold National Banking Co., Free- Dec. 10,1884
50,000
hold,N.J
Dee. 16,1884
50,000
Albia National Bank, Albia, Iowa
....do
50,000
First National Bank, Carlinville, 111
Dec. 26,1884
100,000
Freeman's National Bank, Augusta, Me. Jan. 1,1885
250,000
First National Bank, Kokomo, Ind
Jan. 2,1885
50,000
First National Bank, Sabetha, Kans
Jan. 13,1885
50, 000
First National Bank, Wyoming, 111
....do
50, 000
First National Bank, Tarentum, Pa
Jan. 21,1885
60, 000
First National Bank, Walnut, 111.
* No circulation issued.
Issued.
3,580
34,600
31,900
2,700
1,447,000
1,291,057
155,943
19,250
11,250
18,650
10,630
600
620
93,000
11,240
22,450
90,000
45,000
10,740
11,200
42, 500
36,000
85,025
10,860
20,647
81, 536
41,810
10,465
7,975
380
1,803
8,464
3,190
275
1,090
4,180
2,950
10,110
38,320
33,050
192
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OP SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Circulation.
Name and location of bank.
Date of
liquidation.
Fanners1 National Bank, Franklin, Tenn. Jan. 24,1885
Citizens' National Bank, Sabetha, Kaas.. Jan. 27,1885
Jan. 31,1885
First National Bank, Tucson, Ariz
Feb. 7,1885
Ripon National Bank, Ripon, Wis
Farmers' National Bank, Franklin, Obio. Apr. 1,1885
Apr. 9,1885
First National Bank, Prescott, Ariz ..
Apr. 28,1885
National Union Bank, Swanton, Vt
German National Bank, Memphis, Tenn. May 6,1885
Merchants and Farmers' National Bank,
May 12,1885
Shakopee, Minn
May 16,1885
First National ank, Superior, Wis
ShetucketNational Bank, Norwich, Conn. May 18,1885
Cumberland National Bank, CumberJune 5,1885
land, R.I
July 14,1885
First National Bank, Columbia, Tenn
TTnion National Bank, New York, N. Y .. July 21,1885
Oct. 3,1885
First National Bank, Centerville, Ind
Manufacturers' National Bank, Apple- Oct. 10,1885
ton, Wis
First National Bank, Plankinton, S. Dak. Oct. 21,1885
Dec. 4,1885
Valley National Bank, St. Louis, Mo
Jan. 6,1886
First National Bank, Belton, Tex
First National Bank, Granville, Ohio ... Feb. 15,1886
Concordia National Bank, Concordia,
Mar 12,1886
Kans
Mar. 22,1886
Citizens' National Bank, Beloit. Wis
Mar. 24,1886
First National Bank, Dayton. Wash
Apr. 14,1886
First National Bank, Macomb, 111
Apr. 20,1886
First National Bank, Jesup, Iowa....
May 8,1886
Dallas National Bank, Dallas, Tex
May 12,1886
First National Bank, Lewiston, 111
First National Bank, Cedar Rapids, Iowa. May 28,1886
July 31,1886
First National Bank, Socorro, N. Mex
Custer County National Bank, Broken
Aug. 9,1886
Bow, Nebr
Roanoke National Bank, Roanoke, Va.. Sept. 16,1886
First National Bank, Brownville, Nebr..
do
First National Bank, Leslie, Mich
Mount Vernon National Bank, Mount Sept. 25,1886
Oct. 11,1886
Vernon, 111
Oct. 14,1886
National Bank, Piedmont, W. Va
First National Bank, St. Clair, Mich . . . Oct. 20,1886
First National Bank, Milford, Mich
Oct. 21,1886
National Bank of Kingwood, W. Va
....do
Merchants' National Bank, Lima, Ohio.. Oct. 22,1886
Hubbard National Bank, Hubbard, Ohio Oct. 23,1886
Commercial National Bank, Marshalltown, Ohio
Oct. 25,1886
First National Bank, Indianapolis,Ind.. Nov. 11,1886
First National Bank, Concord, Mich
Nov. 27,1886
Jamestown National Bank, Jamestown,
N.Dak
Nov. 29,1886
First National Bank, Berea, Ohio
Dec. 1,1886
First National Bank, Allerton, Iowa... Dec. 6,1886
Second National Bank, Hillsdale, Mich.. Dec. 18,1886
Topton National Bank, Topton, Pa
Dec. 28,1886
Dec. 31,1886
First National Bank, Warsaw, 111
First National Bank, Hamburg, Iowa.. ....do
Darlington National Bank, Darlington,
Union National Bank, Cincinnati, Ohio .
Roberts National Bank, Titus ville, Pa..
National Bank of Rahway, N. J
:..
Olney National Bank, Olney, 111
Metropolitan National Bank, Leavenworth, Kans
Ontario County National Bank, Canandaigua,N.Y
Winsted National Bank, Winsted, Conn
Council Bluffs National Bank, Council
Bluffs, Iowa
First National Bank, Homer, HI
First National Bank, Beloit, Wis
Mystic National Bank, Mystic, Conn . . .
Exchange National Bank, Louisiana, Mo
Exchange National Bank, Downs, Elans .
First National Bank, Tecumseh, Nebr...
Capital.
Issued.
Retired.
Outstanding.
$50, 000
50,000
100,000
50,000
50, 000
50,000
50,000
175,300
$10,740
11, 240
28,100
16,200
27, 350
11,250
43, 800
120,100
$10,290
10,790
27,180
15,625
25,700
10,460
39,270
100,328
$450
450
920
575
1,650
790
4,530
19,772
50,000
60,000
100,000
10,240
18, 900
72, 000
9,790
18,220
65,102
450
680
125,000
100, 000
1,20Q> 000
50,000
50, 000
106, 200
66, 800
25,100
27, 350
45, 000
96,205
59,266
14,651
24,250
41,551
9,995
7,534
10, 449
3,100
3,449
50,000
250, 000
50,000
50,000
11,250
44,960
23,490
26,500
10,040
38,050
20,760
24,914
1,210
6,910
2,730
1,586
50,000
50,000
50,000
100,000
50, 000
150,000
50, 000
100,000
50,000
11,240
11,240
13,490
89, 520
25,760
33, 760
45, 000
35,490
15, 500
10,610
9,890
12, 670
75,982
24,410
29,190
37, 640
30,215
13,480
630
1,350
820
13, 538
1,350
4,560
7,360
5,275
2,020
50,000
50, 000
50, 000
50,000
11,240
11,250
39, 680
13,410
11,240
9,600
33,095
11,260
1,650
6,585
2,150
51,100
50, 000
50,000
50,000
125,000
50,000
50,000
45,000
45, 000
39,310
45, 000
96,140
45,000
45,000
39,936
37,160
35,432
36,500
76,980
37,140
40,542
5,064
7,840
3,878
8,500
19,160
7,860
4,458
100,000
500, 000
50,000
22,500
162,325
11,250
19,160
133,855
10, 630
3,340
28,440
620
50,000
50,000
50,000
50,000
50,000
50,000
50,000
11,250
45,000
11,250
13,892
18,000
38,250
13, 500
9,270
40,528
9,720
10,180
14,640
30,255
10,825
1,980
4,472
1,530
3,712
3,360
7,995
2,675
10,1887
14,1887
28,1887
9,1887
11,1887
100,000
500,000
100, 000
100,000
60, 000
22,500
237,230
75, 610
42,500
27,000
20,270
198,112
64,290
33,541
24,100
2,230
39,118
11, 320
8,959
2,900
Mar. 15,1887
100,000
22,500
18,770
3,730
1,020
2,205
3,420
725
1,760
5,398
1,225
1,405
Feb.
Feb.
Feb.
Mar.
Mar.
Mar. 23,1887
Apr.' 12,1887
50,000
50,000
11,250
11,250
10,230
9,045
May 5,1887
June 22,1887
June 30,1887
July 7,1887
July 12,1887
Aug. 1,1887
100,000
50,000
50,000
52,450
50,000
50.000
50,000
22,500
11,250
11,250
47,205
11,250
11,250
11,700
19,080
10,525
9,490
41,807
10, 025
9,845
10,300
Nov. 1,1887
M00
REPORT OF THE COMPTROLLER OF THE CURRENCY.
193
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Name and location of bank.
Date of
liquidation.
Circulation.
Capital.
Third National Bank, St. Paul, Minn
$500,000
Nov. 4,1887
First National Bank, Marshall, Mo
100, 000
Dec. 6,1887
First National Bank, Greene, Iowa
Dec. 15,1887
50,000
Fulton National Bank, New York, N. T*. Dec. 20,1887
300,000
Fayetteville National Bank, Fayetteville, N.C
200, 000
Dec. 31,1887
50,000
National Bank, Somerset, Ky
....do
50,000
First National Bank, Richburg, N. Y . . . . Jan. 10,1888
Scituate National Bank, Scituate, E. I . . . Jan. 11,1888
56, 000
National Bank, Franklin, Ind
50, 000
Jan. 31,1888
50, 000
First National Bank, Hampton, Iowa
Feb. 1,1888
50, 000
First National Bank, Greensburg, Kans. Feb. 10,1888
50,000
First National Bank, Central City, Nebr. Feb. 11,1888
300, 000
Duluth National Bank, Duluth, Minn ... Feb. 20,1888
Bismarck National Bank, Bismarck, N.
50,000
Dak
Mar. 1,1888
50, 000
First National Bank, Ashton, S. Dak . . . Mar. 6,1888
Citizens' National Bank, Sioux Falls, S.
50, 000
Apr. 24,1888
Dak.
50,000
First National Bank, Stanton, Mich
Apr. 30,1888
50,000
First National Bank, Fairmont, Nebr
May 1,1888
50,000
First National Bank, Greenleaf, Kans : .*. May 9,1888
75, 000
National Bank Genesee, Batavia, N. Y... May 21,1888
Strong City National Bank, Strong City,
50,000
May 26,1888
Kans
100,000
Citizens' National Bank, Saginaw, Mich. June 1,1888
Saugerties National Bank, Saugerties,
June.16,1888
125, 000
N. Y
300,000
June 21,1888
Hyde National Bank, Titusville, Pa
100,000
July 18,1888
State National Bank. Omaha, Nebr
Cincinnati National Bank, Cincinnati,
280,000
Aug. 1,1888
Ohio
First National Bank, Worthington,
75,000
Sept. 5,1888
Minn '.
South Framingham National Bank,
100,000
South Framingham Mass
Sept, 8,1888
100, 000
First National Bank, Alameda, Cal
Sept. 4,1888
50, 000
First National Bank, Grass Valley, Cal. Sept. 18,1888
Merchants National Bank of West Virginia, Morgantown, W. Va
110,000
Oct. 4,1888
50, 000
First National Bank, Cawker City, Kans. Oct. 9,1888
San Diego National Bank, San Diego,
100, 000
Nov. 7,1888
Cal
200,000
National Exchange Bank, Auburn, N. Y. Nov. 16,1888
50, 000
National Bank of Dayton, Wash
. . . . Nov. 21,1888
50,000
....do
First National Bank, Colby, Kans.
First National Bank, Russell Springs,
....do
50,000
Kans,
50, 000
First National Bank, Columbia, S. Dak.. Nov. 26,1888
50, 000
Citizens' National Bank, Kingman, Kans Dec. 24,1888
250, 000
Bowery National Bank, New York, N. Y. Jan. 2,1889
Jan. 8,1889
50, 000
Second National Bank, Iona, Mich
100,000
First National Bank, Johnstown, N. Y.. Jan. 16,1889
75,000
First NationalBank, Canandaigua, N. Y. Jan. 26,1889
Pendleton National Bank, Pendleton,
50,000
Oregon
Feb. 4,1889
Iowa City National Bank, Iowa City,
200, 000
Feb. 7,1889
Iowa
Fleming County National Bank, FlemFeb. 9,1889
ingsburg, Ky
50,000
Merchants' National Bank, El Dorado,
Feb. 26,1889
100,000
Kans
Merchants' National Bank, Des Moines,
Mar. 1,1889
100, 000
Iowa
Norwich NationalBank, Norwich, Conn. Mar. 15,1889
220,000
First National Bank, Franklin, Nebr.... Mar. 27,1889
60,000
Farmers and Mechanics' National Bank,
Buffalo, N.Y
200, 000
Apr. 3,1889
50, 000
First National Bank, Du Bois City, Pa .. Apr. 8,1889
First National Bank, Cimarron, Kans... Apr. 27,1889
50,000
Traders' National Bank, San Antonio,
Apr. 29,1889
Tex
100,000
Merchants' National Bank, Duluth,
May 20,1889
Minn
200, 000
Wright County National Bank, Clarion,
June
19,1889
50,000
Iowa
*No circulation.
11167
13
Issued.
Eetired.
Outstanding.
$45,000
22, 500
10,750
$36,820
19, 960
8,370
$8,180
2,540
2,380
39, 580
45,000
25, 905
35,018
11, 250
11, 250
11, 240
10, 710
45,000
32, 335
41,515
23, 030
28,261
9,325
9,070
9,415
9,380
33, 710
7,245
3,485
2,875
6, 757
1, 925
2,180
1,825
1,330
11, 290
11,250
11,250
9,430
8,590
1,820
2,660
11, 250
11,250
11, 250
11,250
44,434
9,350
9,140
9,910
9,690
32,679
2,110
1,340
1,560
11,755
11,250
45,000
9,270
33, 760
11, 240
93,316
74, 730
22,500
71,235
61,420
22, 081
13, 310
6,550
52,510
16,875
15, 950
35, 250
1,900
1,980
17, 2tfO
2,935
21, 720
27, 000
11, 250
13,940
16,180
19,220
7,390
11, 250
55,550
7,980
25, 280
3,270
22,500
97,520
11,250
11,250
16, 000
67,060
7,270
9,050
6,500
30,460
3,980
2,200
10,690
11,250
11, 250
217, 710
21,870
86, 590
17,100
7,470
8,715
7,150
146,270
3,220
2, 535
4,100
71, 440
7,754
23, 587
8,440
14,116
63,003
5,540
7,780
3,860
11,250
8,030
3,220
45,000
28,390
16,610
26,622
16,565
10,057
22, 500
15,010
7,490
22, 500
77,150
13,000
14,775
44,700
9,664
7,725
32,450
3, 336
26,100
11, 250
10,170
16,809
6,960
7,565
9,291
4,290
2,605
22, 500
3,310
19,190
45,000
30,110
14,890
11,250
6,090
5,160
194
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Name and location of bank.
Date of
liquidation.
National Bank, Lawrence, Kans
June 29,1889
National Bank, Le Eoy, N. Y
....do
Halstead National Bank, Halstead, Kans. ....do
Farmers' National Bank, Mt. Sterling, Ky July 1,1889
First National Bank, Key port, N. J
do
National Bank, Huntsville, Ala
July 3,1889
German National Bank, Newton, Kans .. July 19,1889
First National Bank, Clay Center, Nebr.. Aug. 8,1889
VernonNational Bank, Vernon, Tex.* ... Aug. 17,1889
Aug. 23,1889
Butler National Bank, Butler, Mo
Second National Bank, Lebanon, Tenn .. Sept. 18,1889
Oct. 1,1889
National Bank, Kinderhook, N. Y
Oct. 31,1889
First National Bank, Woodstock, 111
Farmers and Merchants' National Bank,
Valley City, N. Dak
Dec. 1,1889
Union National Bank, La Crosse, Wis... Dec. 9,1889
Harper County National Bank, Anthony,
Kans
Dec. 20,1889
Lumberman's National Bank, Williamsport, Pa
Dec. 31,1889
First National Bank, South Haven, Mich. ....do
Durango National Bank, Durango, Colo.. Jan. 6,1890
First National Bank, Fox Lake, Wis
Jan. 11,1890
First National Bank, Ogallala, Nebr
....do
First National Bank, Stockton, Kans
Jan, 15,1890
First National Bank, Kulo, IS'ebr
Jan. 20,1890
First National Bank, Eagle drove, Iowa. ....do
Toledo National Bank, Toledo, Ohio
Jan. 21,1890
National Exchange Bank, Kansas City,
Mo
Jan. 28,1890
National Bank, New Castle, Ky
Feb. 4,1890
Plymouth National Bauk, Plymouth,
Mich
Feb. 25,1890
First National Bank, Lockport, N. Y
Feb. 28,1890
Merchants' National Bank, Amsterdam,
Mar. 15,1890
N.Y
National Bank of Texas, Galveston, Tex. Mar. 19,1890
Mar. 27,1890
Bowie National Bank, Bowie, Tex.*
First National Bank, Union Springs,N. Y. Mar. 31,1890
Apr. 18,1890
Ferris National Bank, Swan ton, Vt
First National Bank, Kock Island, 111.... Apr. 19,1890
First National Bank, Ketchum, Idaho ... Apr. 28,1890
Winchester National Bank, Winchester,
Apr. 29,1890
Ky
Apr. 30,1890
First National Bank, Harper, Kans
First National Bank, Loup City, Nebr... June 21,1890
June 24,1890
American National Bank, Waco, Tex
Hamilton County National Bank, Webster City, Iowa
June 30,1890
Planters' National Bank, Henderson, Ky. . . . . d o
Wakefield National Bank, Wakefield, R.I. July 1,1890
Jewell County National Bank, Mankato,
Kans
July 2,1890
Aug. 5,1890
Citizens' National Bank, Flint, Mich
National Village Bank, Bowdoinham, Me Aug. 28,1890
La Fayette National Bank, La Fayette,
Ind
Aug. 29,1890
Sept. 8,1890
Lincoln National Bank, Stanford, Ky
Canastota National Bank, Canastota,
N.Y
Sept. 25,1890
First National Bank, Whitehall, Mich .. Sept. 30,1890
Meade County National Bank, Meade
Center, Kans
Oct. 6,1890
Farmers' National Bank, South Charleston, Ohio
Oct. 15,1890
First National Bank, Columbus, Ohio... — d o
Commercial National Bank, St. Paul,
Minn
Oct. 27,1890
German American National Bank, Kansas City, Mo
Dec. 5,1890
First National Bank, Hill City, Kans
Dec. 20,1890
First National Bank, Frankfort, Kans .. Jan. 8,1891
Second National Bank, Owosso, Mich
Jan. 13,1891
West Side National Bank, Wichita, Kans.
do
Anthony National Bank, Anthony, Kans. ....do
Commercial National Bank, Itochester,
N.Y
Jan. 27,1891
Circulation.
Capital.
Issued.
Ketired.
Outstanding.
$100, 000
100, 000
50, 000
250, 000
50, 000
50, 000
60, 000
50, 000
60, 000
66,000
50, 000
125, 000
50, 000
$49, 809
22, 500
11, 250
195, 680
11, 250
44,900
13, 500
11,250
$25,755
14,120
8,290
102, 930
8,490
16, 832
7,460
7,820
$24,054
8,380
2,960
92, 750
2,760
28, 068
6, 040
3, 430
14, 850
11, 250
78, 220
27, 000
7,915
5,440
55,506
25,210
6,935
5,810
22, 714
1,790
65, 000
100,000
14, 630
22, 500
8,280
12,160
6,350
10, 340
* No circulation.
50,000
11,250
5,930
5,320
100,000
50, 000
50,000
50,000
50,000
50,000
50, 000
50,000
100, 000
32,580
11, 250
11,250
48, 605
11, 250
11,250
30,360
11, 250
35,920
16, 510
5,620
11, 250
23,698
5,740
6,260
13,930
6,190
15, 505
16, 070
5,630
24,907
5,510
4, 990
16,430
5, 06t)
20, 415
200, 000
60,000
45, 000
17, 670
23,120
8,420
21, 880
9,250
50, 000
100, 000
11, 250
28,573
6,365
11,954
4,885
16, 619
100,000
100,000
50,000
50,000
50, 000
100,000
50, 000
32, 680
37,487
20,190
15,057
12, 490
22,430
15,805
11,240
24,654
11,250
7,177
11,240
9,821
5,920
14, 833
5,330
200, 000
50,000
50, 000
250,000
45,000
11, 250
11,250
45,000
22, 850
4,970
5,030
21, 000
22,150
6, 280
6, 220
24, 000
50, 000
150, 000
100, 000
11,250
33, 750
59,249
4,700
10, 040
26,144
6,550
23, 710
33,105
50, 000
125,000
50,0U0
11,250
32, 641
35,748
5,240
11, 710
13, 330
6,010
20,931
22,418
300, 000
200,000
• 64,033
45,000
20,940
13, 950
43, 093
31,050
55,000
50,000
55,927
11,250
28,789
3,380
27,133
7,870
50, 000
11,250
3,560
7,690
50,000
300,000
11,710
220,465
4,790
82, 643
6,920
137, 822
500,000
45,000
14,490
30,510
250,000
50,000
100,000
60,000
100, 000
50,000
45,000
10,750
22,500
13,500
22, 500
10, 750
12,600
3,410
6,422
4,400
0,490
1,920
32,400
7,340
16,078
9,100
16,010
200,000
41,820
11,590
30,230
8, 628
REPORT OF THE COMPTROLLER OF THE CURRENCY.
195
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd.
Name and location of bank.
Mercantile National Bank, Louisiana,
Mo
National Bank, El Dorado, Kans
First National Bank, Suffolk, Va
Citizens'NationalBank, Medicine Lodge,
Kans
j
Rome National Bank, Rome, Ga
Windsor National Bank, Windsor, V t . .
Beadle County National Bank, Huron,
S. Dak
American National Bank, Sioux City,
Iowa
United States National Bank, Atchison,
Kans
First National Bank, Ashland, Kans
Washington National Bank, New York,
First National Bank, Burr Oak, Kans...
Glenwood National Bank, Glenwood
Springs, Colo
Mrst National Bank, Cardiff, Tenn
East Sagihaw NationalgBank, East Saginaw, Mich
Twin City National Bank, New Brighton, Minn
Merchants' National Bank, Binghamton, N . T
First National Bank, Merced, Cal
National Bank of Union County, Morganfield, Ky
Citizens' National Bank, Bel ton, Texas..
Citizens' National Bank, Gatesville,
Texas
Ord National Bank, Ord, Nebr
FirntNational Bank, Indianola, Nebr...
National Bank, Anderson, S. C
First National Bank, Flushing, Mich ...
First National Bank, Francestown, N. H.
Columbus National Bank, New York,
N.Y
Total
Date of
liquidation.
Circulation.
Capital.
Issued.
Retired.
Outstanding.
Jan. 27,1891
Feb. 9,1891
Feb. 12,1891
$50,000
50, 000
50, 000
$11,250
10, 745
11,250
$2,960
3,185
2,940
$8,290
7,560
8,310
Feb. 19,1891
Feb. 23,1891
Feb. 24,1891
50,000
100, 000
50, 000
11,250
22,500
22,500
3,000
6,740
5,820
8,250
15,760
16,680
Feb. 26,1891
50, 000
22,500
Mar. 12,1891
150, 000
33, 750
8,430
25,320
Mar. 24,1891
Apr. 15,1891
250,000
50,000
45, 000
11,250
10,400
2,870
34,600
8,380
Apr. 13,1891
May 15,1891
300, 000
50,000
45,000
11,250
12, 310
2,510
32, 690
8,740
May 23,1891
May 25,1891
100,000
50,000
22, 500
11,250
2,940
1,460
19,560
9,790
June 23,1891
150,000
33,750
2,310
31,440
50,000
11, 250
1,250
10,000
....do
June 25,1891
June 30,1891
....do
July 1,1891
....do
Aug. 22,1891
Aug. 31,1891
Sept. 1,1891
Sept. 21,1891
Oct. 10,1891
Oct. 15,1891
18,540
100, 000
61, 638
11,940
49,698
200,000
100,000
43,400
88,090
5,710
10,845
37,690
77,245
50,000
50,000
50, 000
50, 000
50, 000
50, 000
100,000
10,750
11,250
11,250
11,250
14,050
11,250
61,135
1,490
1,070
823
690
9,770
9,760
10,180
10,427
13, 360
11, 250
61,135
200,000
76,010,010
45,000
41,960,001 38,512, 234
45,000
3,447,767
196
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS IN LIQUIDATION UNDER SECTION 7, A C T J U L Y 12, 1882, W I T H
D A T E OF E X P I R A T I O N OF CHARTER, CIRCULATION ISSUED, R E T I R E D , AND O U T -
STANDING, SUCCEEDED BY ASSOCIATIONS WITH THE SAME OR DIFFERENT TiTLE,
OCTOBER 31,
1891.
Name and location of bank.
Date of
liquidation.
Circulation.
Capital.
$200,000
First National Bank, Kittanning, Pa
July 2,1882
National Bank of Beaver County, New
200, 000
Nov. 12,1884
Brighton, Pa
50, 000
National Bank of Beaver Dam, Wis
Dec. 24,1884
Merchants' National Bank, Cleveland,
800, 000
Dec. 27 1884
Ohio
Dec. 29,1884 1, 000, 000
Union National Bank, Chicago, 111
First National Bank, Le Roy, N. Y
Jan. 2,1885
150,000
Evansville National Bank, Evansville,
800,000
Jan. 3,1885
Ind
National Albany Exchange Bank, Al300,000
bany, N. Y
Jan. 10,1885
100,000
National Bank of Galena, 111
Jan. 11,1885
300,000
National State Bank, La Fayette, Ind... Jan. 16,1885
60,000
First National Bank, Knoxyille, 111
....do
100,000
Fanners' National Bank, Ripley, Ohio .. Jan. 17,1885
300, 000
City National Bank, Grand Rapids, Mich. Jan. 21,1885
100,000
Lee County National Bank, Dixon, 111... .-..do
Fort Wayne National Bank, Fort
Wayne, Ind
350,
000
Jan. 25,1885
National Exchange Bank, Tiffin, Ohio ... Mar. 1,1885
125, 000
National Bank of Malone, N. Y
200,000
Mar. 9,1885
Jefferson National Bank, Steubenville,
Ohio
150, 000
Mar. 21,1885
First National Bank, Battle Creek, Mich. Mar. 28,1885
100, 000
Central National Bank, Danville, Ky
200, 000
....do
Knox County National Bank, Mount
Vernon, Ohio
75, 000
Apr. 1,1885
First National Bank, Houghton, Mich... Apr. 18,1885
100, 000
National Bank of Fort Edward, N. Y
100, 000
Apr. 22,1885
National Bank of Salem, N. Y
100, 000
May 4,1885
National Exchange Bank, Seneca Falls,
May 6,1885
100, 000
NY
Trnmbull National Bank, Warren, Ohio. July 5,1885
150, 000
Attleborough National Bank, North
Attleborough, Mass
July 17,1885
100,000
American National Bank, Detroit, Mich. July 24,1885
400,000
First National Bank, Paris, 111
Aug. 12,1885
125, 000
First National Bank, St. Johns, Mich
Aug. 14,1885
50,000
Second National Bank, Pontiac, Mich
Sept. 1,1885
100, 000
Raleigh National Bank of North Carolina,
Raleigh, N. C
400, 000
Sept. 5,1885
First National Bank, Danville, Ky
150, 000
Sept. 22,1885
Ohio National Bank, Cleveland, Ohio
400, 000
Jan. 1,1889
National Bank of Lebanon, Ky
100, 000
Apr. 7,1889
Monmouth National Bank, Monniouth,
111
Aug. 18,1890
100,000
Muskegon National Bank, Muskegon,
Mich
*.... Aug. 27,1890
100,000
First National Bank, Richmond, Ky
Oct. 3,1890
250,000
First National Bank, Port Huron, Mich . Oct. 15,1890
135,000
Union National Bank, Oshkosh, Wis
Jan. 23,1891
200, 000
First National Bank, Grand Haven, Mich. June 5,1891
200,000
Total
9,020,000
Issued.
Retired.
Outstanding.
$199,500
$188,510
10,990
97, 300
41,100
87,232
38,329
10, 068
2,771
228,100
62,800
135,000
197,838
46, 800
122,940
30,262
16,000
12,060
543,050
467,069
75,981
243, 900
55,900
117, 000
43,600
87,400
45,000
41, 500
222,700
49,330
97,870
40,160
77,359
39,763
37,446
21,200
6,570
19,130
3,440
10,041
5,237
4,054
257,300
50, 500
65,900
229,280
42,717
56,476
28, 020
7,783
9,424
132,600
89, 200
180,000
118,112
78,670
157, 004
14,488
10, 530
22, 996
53, 200
45,000
88, 900
86,100
46,497
38, 219
78,586
78,306
6,703
6,781
10, 314
7,794
88,400
132,400
81, 594
114,700
6,806
17, 700
84, 300
251,500
111, 500
21,000
43,000
76, 208
223, 495
96, 032
17, 910
38,163
8,092
28,005
15,468
3,090
4,837
123,900
130, 500
57, 763
45,000
102, 633
111, 055
37,155
30,504
21, 267
19, 445
20, 608
14,496
21,800
6,177
15, 623
21,720
66,979
57,480
45,000
45,000
7,825
32,187
20, 255
10, 430
9,112
13,895
34,712
37,225
34,570
35,888
4,337, 092
3,652, 648
!4,444
REPORT OF THE COMPTROLLER OF THE CURRENCY.
197
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE
PROVISIONS OF SECTIONS 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 CAPITAL,
CIRCULATION ISSUED, RETIRED, AND OUTSTANDING ON OCTOBER 31, 1891.
Name and location of bank.
Date of
liquidation.
First National Bank, Rondout, N. Y
Oct. 30, 1880
First National Bank, Huntingdon, Ind... Jan. 31, 1881
First National Bank, Indianapolis, Ind.. July 5, 1881
First National Bank, Valparaiso, Ind
Apr. 24, 1882
First National Bank, Still water, Minn... Apr. 29,1882
First National Bank, Chicago, 111
do
First National Bank, Woodstock, 111 . . . . Apr. 30, "1882*
Second National Bank, Cincinnati, Ohio . Apr. 28,1882
Second National Bank, New York, N. Y .
do ..
First National Bank, Portsmouth, N. H.. Apr. 29, 1882"
First National Bank, Richmond, Ind
May 5, 1882
Second National Bank, Cleveland, Ohio.. May 6, 1882
First National Bank, New Haven, Conn.
d
First National Bank. Akron, Ohio
May 2,1882
First National Bank, Worcester, Mass .. May 4,1882
First National Bank, Barre, Mass
May 9,1882
First National Bank, Davenport, Iowa .. . . . . d o
First National Bank, Kendallville, Ind .. May 12,1882
First National Bank, Cleveland, Ohio
May 13,1882
First National Bank, Youngstown, Ohio. May 15,1882
First National Bank, Evansville, Ind
.do
First National Bank, Salem, Ohio
.do
First National Bank, Scranton, Pa
May 18,1882
First National Bank, Centre ville, Ind ... ....do
First National Bank, Fort Wayne, Ind .. May 22,1882
First National Bank, Strasburg, Pa
do
First National Bank, Marietta, Pa
May 27,1882
First National Bank, LaFayette, Ind
May 31,1882
First National Bank, McConnels ville,
Ohio
.do . . . .
First National Bank, Milwaukee, Wis... . . . . d o
Second National Bank, Akron, Ohio
....do
First National Bank, Ann Arbor, Mich.. June 1,1882
First National Bank, Geneva, Ohio
....do
First National Bank, Oberlin, Ohio
....do
First National Bank, Philadelphia, Pa .. June 10,1882
First National Bank, Troy, Ohio
. .do .
Third National Bank, Cincinnati, Ohio.. June 14,1882
First National Bank, Cambridge City,
Ind
June 15,1882
First National Bank, Lyons, Iowa
...do
First National Bank, Detroit, Mich
June 17,1882
First National Bank, Wilkes Barre, Pa.. June 20,1882
First National Bank, Iowa City, Iowa... June 24,1882
First National Bank, Nashua, N. H
..do
First National Bank, Johnstown, Pa
....do
First National Bank, Pittsburg, Pa
June 29,1882
First National Bank, Terre Haute, Ind..
do
First National Bank, Hollidaysburg, Pa. June 30,1882
First National Bank, Bath, Me
....do
First National Bank, Janesville, Wis... . . . . d o
First National Bank, Michigan City, Ind. ....do
First National Bank, Monmouth, 111
July 3,1882
First National Bank, Marion, Iowa
July 11,1882
First National Bank, Marlboro, Mass ... Aug. 3,1882
National Bank of Stanford, Ky
Oct. 3,1882
First National Bank, Sandusky, Ohio
Oct. 6,1882
First National Bank, Sandy Hill, N. Y.. Dec. 31,1882
First National Bank, Lawrence burg, Ind. Feb. 24,1883
First National Bank, Cambridge, Ohio.. ....do
First National Bank, Oshkosh, Wis
....do
First National Bank, Grand Rapids,
Mich
..do .
First National Bank, Delphos, Ohio
..do .
First National Bank, Freeport, 111
..do .
First National Bank, Elyria, Ohio
..do.
First National Bank, Troy, N. Y
..do .
Second National Bank, Detroit, Mich ... ..do .
Second National Bank, Peoria, 111
..do .
National Fort Plain Bank, Fort Plain,
N. Y
....do
Logansport National Bank, Logansport,
I n d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dec. 1,1883
Circulation.
Capital.
Issued.
Retired. Outstanding.
$300, 000
100, 000
300, 000
50, 000
130, 000
1,000, 000
50, 000
200,000
300,000
300, 000
200, 000
1,000, 000
500, 000
100,000
300, 000
150, 000
100, 000
150, 000
300, 000
500, 000
500, 000
50, 000
200,000
50, 000
300,000
100,000
100,000
150, 000
$270, COO
90, 000
279,248
45, 000
83, 456
90,000
45, 000
180, 000
376, 890
286,000
87,400
510,800.
355, 310
114, 822
252, 000
135, 000
45,000
90,000
266, 462
441, 529
442, 870
, 110,540
45, 000
64, 525
45,000
79, 200
99, 000
175, 060
$257, 248
50, 000
200,000
100,000
100, 000
100, 000
50, 000
1, 000, 000
200,000
800,000
84, 640
229,170
102, 706
85, 078
90, 000
58, 382
799, 800
180,000
609, 500
79, 790
218,372
97, 684
80,340
84,340
54,108
744,870
171,683
576,590
4,850
10,798
5,022
4, 738
5,660
4, 274
54, 930
8, 317
32,910
50, 000
100,000
500, 000
375,000
100, 000
100,000
60, 000
750, 000
200, 000
50,000
200, 000
125, 000
100, 000
75, 000
50,000
200, 000
150, 000
150, 000
50, 000
100,000
100, 000
100,000
45,000
90, 000
336,345
337,500
88,400
90, 000
54,000
594,000
141, 575
45,000
180, 000
121, 050
45, 000
45, 000
45, 000
180,000
135, 000
90, 000
45, 000
90, 000
80,800
47,800
41, 719
84,178
324, 568
318,945
84,935
84, 239
51,105
566,415
132,408
43,125
170, 519
115, 340
43,882
43,124
42,924
171,960
129, 358
83,985
42, 275
85, 660
76, 388
45, 510
3,281
5,822
11,777
18, 555
3,465
5,761
2,895
27,585
9,167
1,875
9,481
5,710
1,118
1,876
2,076
8,040
5,642
6,015
2,725
4,340
4,412
2,290
400,000
50,000
100, 000
100, 000
300, 000
1,000, 000
100,000
155,900
45,000
53, 500
90,000
229, 550
363,700
90, 000
149, 340
41,741
50, 888
85, 207
217, 835
339,945
81, 098
6,560
3,259
2,612
4,793
11,715
23,755
8,902
174, 300
165, 211
16,850
14,970
200,000
100,000
260, 669
43,100
80, 674
81,702
43, 210
169, 755
360, 680
271, 888
80, 398
482, 580
341,645
107,161
242, 201
128, 239
41,518
85,853
236, 200
425, 897
419,350
105,195
40,240
60, 921
39, 415
65, 397
93, 435
164, 323
$12, 752
3,220
18,579
1,900
2,782
8,298
1,790
10, 245
16, 210
14,112
7,002
28, 220
13, 665
7,661
9,799
6,761
3,482
4,147
30,262
15, 632
23, 520
5,345
4,760
3,604
5,585
3, 803
5,565
10, 737
198
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO-
VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC,—Cont'd.
Circulation.
Name and location of bank.
Date of
liquidation.
National Bank of Birmingham, Ala
First National Bank, Westfield, N. Y . . .
First National Bank, Independence,
Iowa
First National Bank, Sturgis, Mich
National Bank of Rutland, Vt
Kent National Bank, Chestertown, Md ..
National Fulton County Bank, Gloversville, N. Y
First National Bank, Centralia, 111
National Exchange Bank, Albion, Mich .
First National Bank, Paris, Mo
First National Bank, Yakima, Wash
First National Bank, Flint, Mich
Farmers' National Bank, Stanford, K y . . .
Adams National Bank, Adams, N. Y
Poland National Bank, Poland, N. Y
Sandy River National Bank, Farmington Me
Second National Bank, Aurora, 111
May 14,1884
June 1,1884
$50,000
50,000
$45,000
42,800
$42,907
38,772
$2,093
4,028
Oct.
Dec.
Jan.
Feb.
31,1884
31,1884
13,1885
12,1885
100,000
50,000
500,000
50,000
90,000
43,850
238,700
18,200
83,260
40,865
213, 597
16,120
6,740
2,985
25,103
2,080
Feb. 20,1885
Feb. 25,1885
Feb. 28,1885
Mar. 31,1885
June 20,1885
June 30,1885
Doc. 31,1888
July 10,1889
Jan. 14,1890
150,000
80,000
75,000
100,000
50,000
200,000
200,000
50,000
50,000
135,000
70, 600
30,600
89,155
14,650
122,500
45,000
12,240
13,500
123,275
63*230
27,083
80, 554
13, 520
107, 905
26, 974
7,680
8,120
11,725
7,370
3,517
8,601
1,130
14,595
18,026
4,560
5,380
Nov. 1,1890
July 13,1891
75,000
100, 000
58,260
22,500
13,602
1,780
44, 658
20, 720
820,721
Total
Capital.
18,045,000
Issued.
Retired.
12, 582, 213 11,761,492
Outstanding.
EEPOET OP THE COMPTROLLER OP THE CURRENCY.
199
NATIONAL BANKS IN LIQUIDATION UNDER SECTION 7, ACT JULY 12, 1882, WITH DATE
OF EXPIRATION OF CHARTER, CIRCULATION ISSUED, RETIRED, AND OUTSTANDING
ON OCTOBER 31, 1891.
Name and location of bank.
Date of
liquidation.
First National Bank, Pontiac, Mich
Dec. 31,1881
First National Bank, Washington, Iowa. Apr. 11,1882
First National Bank, Fremont, Ohio
May 22,1882
Second National Bank, Dayton, Ohio
May 26, 1882
First National Bank, Girard, Pa
June 1,1882
First National Bank, Xenia, Ohio
Feb. 24,1883
First National Bank, Peru, HI
....do
First National Bank, Elmira, N. Y
....do
First National Bank, Chittenango, N.Y.. . . . d o
First National Bank, Eaton, Ohio
July 4,1884
First National Bank, Leominster, Mass.. July 5,1884
First National Bank, Winona, Minn
July 21,1884
American National Bank, Hallowell, Me. Sept. 10,1884
First National Bank, Attica, Ind
Oct. 28,1884
Citizens' National Bank, Indianapolis,
Ind
Nov. 11,1884
First National Bank, North East, Pa
Dec. 23,1884
First National Bank, Galva, Dll
Jan. 2,1885
First National Bank, Thorn town, Ind... Jan. 13,1885
Muncie National Bank, Muncie, Ind
Jan. 28,1885
Merchants' National Bank, Evansville,
Ind
Feb. 6,1885
Say brook National Bank, Essex, Conn... Feb. 20,1885
Union National Bank, Albaay, N. Y
Mar. 7,1885
Battenkill National Bank, Manchester,
Yt
Mar. 21,1885
First National Bank, Owosso, Mich
Apr. 14,1885
Coventry National Bank, Anthony, R. I.. Apr. 17,1885
State National Bank, Keokuk, Iowa
May 23,1885
Tolland County National Bank, Tolland,
Conn
June 6,1885
City National Bank, Hartford, Conn
June 9,1885
"West River National Bank, Jamaica, Yt. Aug. 17,1885
National Bank of Lebanon, Tenn
Aug. 30,1886
Greene County National Bank, Springfield, Mo
7.. Feb. 8,1888
Union Stock Yards National Bank, Chicago, 111
Feb. 29,1888
First National Bank, Decatur, Mich
Sept. 20,1890
Oct. 28,1890
First National Bank, Mason, Mich
Oct. 31,1890
First National Bank, Holly, Mich
German National Bank, Evansville, Ind. Dec. 24,1890
Farmers and Merchants' National Bank,
Jan. 10,1891
Yandalia,Ill
Mar. 2,1891
National Bank of Chester, S. C
Total.
Circulation.
Capital.
Issued.
Retired.
Outstanding
$50,000
100,000
100,000
300,000
100,000
120,000
100, 000
100,000
150,000
50,000
300, 000
50, 000
75,000
56,000
$88, 890
88, 565
90, 000
262,941
90,000
108,000
45, 000
90, 000
135,000
44,300
244,400
44, 200
67,500
50,400
$84,238
84, 383
84,883
247, 640
85,965
101,870
41,012
85,020
129,974
39, 765
229, 320
41,586
62, 205
47,078
$4,652
4,182
5,117
15,301
4,035
6,130
300,000
50, 000
50,000
50,000
200,000
87, 800
24, 550
36, 000
43, 740
161,000
73,949
22, 230
32,444
39,630
146,028
13,851
2,320
3,556
4,110
14,972
250, 000
100,000
250,000
90, 800
61,200
144,400
77,437
56,490
133,815
13,363
4,710
10,585
75, 000
60,000
100, 000
150, 000
57,700
47, 700
89,000
45,000
51,971
43, 750
80, 643
37,815
5,729
3,950
8,357
7,185
100, 000
550,000
60,000
50,000
44,100
90,000
54, 000
24,550
39, 327
75,767
48,978
20,010
4,778
14,233
5,022
4,540
4,S
5,026
4,535
15, 080
2,614
5,295
100,000
22,500
15,794
6,706
500,000
50,000
50,000
60,000
250,000
45,000
11,250
13, 500
24,950
32,789
3,643
4, 215
7,833
12,810
12,211
7,607
9,285
17,117
85,220
100,000
100,000
22,500
33, 250
5,410
9,290
17, 090
23,960
5,256,000
2,821, 716
2,437,007
384,709
200
REPORT OF THE COMPTROLLER OF THE CFRREXCY.
NATIONAL BANKS THAT HAVE BTCEN JM.ACKD IN THE H A N D S OF R E C E I V E R S ,
AT D A T E OF F A I L U R E , CAUSE OF F A I U ' H E , J>I\ IDEXDS PAID WHILE, SOLVENT,
R E D E E M CIRCULATION, THE AMOUNT R E D E E M E D , AND THE AMOUNT OUTSTANDING
Total dividends
paid during
existence as a
national banking association.
Organization.
Name and location of bank.
Charter
number.
First National Bank, Attica, N. Y
Yenango National Bank, Franklin,
Merchants' National Bank, Washington, D. C.
First National Bank, Medina, N. Y ..
Tennessee National Bank, Memphis,
Tenn.
First National Bank, Selma, Ala
First National Bank, New Orleans,
La.
National Unadilla Bank, Unadilla,
N.Y.
Farmers and Citizens' National Bank,
Brooklyn, N. Y.
Croton National Bank, New York,
N.Y.
First National Bank, Bethel, Conn
First National Bank, Keokuk, Iowa ..
National Bank of Vicksburg, Miss ...
First National Bank, Rockford, 111...
First National Bank of Nevada, Austin, Nev.
Ocean National Bank, New York, N.Y.
Union Square National Bank, New
York, N.Y.
Eighth National Bank, New York,
N.Y.
Fourth National Bank, Philadelphia,
Pa.
Waverly National Bank, Waverly,
First National Bank, Fort Smith, Ark
Scandinavian National Bank, Chicago,
ni.
Wallkill National Bank, Middletown
N.Y.
Crescent City National Bank, New
Orleans, La.
Atlantic National Bank, New York,
N.Y.
First National Bank, Washington,
D.C.
*
National Bank of the Commonwealth,
New York,N.Y.
Merchants' National Bank, Petersburg, Va.
First National Bank, Petersburg, Ya..
First National Bank, Mansfield, Ohio .
New Orleans National Banking Association, New Orleans, La.
First National Bank, Carlisle, Pa....
First National Bank, Anderson, Ind.
First National Bank, Topeka, Kans .
First National Bank, Norfolk, Va
Gibson County National Bank, Princeton, Ind.
First National Bank of Utah, Salt
Lake City, Utah.
Cook County National Bank, Chicago,
First National Bank, Tiffin, Ohio . . . .
Charlottesville National Bank, Charlottesville, Va.
Miners' National Bank, Georgetown,
Colo.
Fourth National Bank, Chicago.111.*.
Date.
Capital.
199 Jan. 14,1864
1176 M a y 20,1865
$50, 000
300,000
627 Dec. 14,1864
200,000
Surplus.
229
1225
Feb. 3,1864
June 5,1865
50,000
100,000
1537
162
Aug. 24,1865
Dec. 18,1863
100,000 $1, 780
500,000
1463
July 17,1865
150,000
1223 June 5,1865
300,000
1556
Sept. 9,1865
200,000
1141
80
803
429
15331
May
Sept.
Feb.
May
June
60,000
50, 000
50, 000
50, 000
155,000
15,1865
9,1863
14,1865
20,1864
23,1865
Amount.
2,236
465
1232 June 6,1865 1,000,000
1691 Mar. 13,1869
250, 000
$7, 500
421,052
42.1
140,000
56
384 Apr. 16,1864
250,000
286 Feb. 26,1864
100,000
1192 May 29,1865
106,100
1631 Feb. 6,3866
1978 May 7,1872
50,000
250,000
18,000
9,424
24, 403
1473 July 21,1865
175,000
103,250
1937 Feb. 15,1872
500,000
25,000
5
1388 July 1,1865
300, 000 59,472
183, 000
61
59
26 July 16,1863
500,000
805,000
161
1372 J u l y 1,1865
750,000
429, 250
57.
1548 Sept. 1,1865
140,000
134, 200
95.9
1378 J u l y 1,1865
436 May 24,1864
1825 May 27,1871
120,000
100,000
600,000
97,770 81.5
102, 666 102.6
108,000
18
42,000
84
31,150
62.
46,000
92
90, 500 90.5
6,000
12'
125,000
125
53, 333
17.8
108,279 108.2
149,245 149.2
29,1863
31,1863
23,1866
23,1864
30,1872
50,000
50,000
50,000
100,000
50,000
1695 Nov. 15,1869
100,000
1845 July
8,1871
300,000
900 Mar. 16,1865
1468 J u l y 19,1865
100,000
• 103,000
2199 Oct. 30,1874
150,000
4,500
276 Feb. 24,1864
100,000
First National Bank, Bedford, Iowa . 2298 Sept. 18,1875
50,000
* Formerly in voluntary liquidation.
184,008
Per
cent.
21
44
1660
271
2066
June
July
Aug.
Feb.
Nov.
184
REPORT OF THE COMPTROLLER OF THE CURRENCY.
201
TOGETHER WITH THEIR CAPITAL AND SURPLUS AT DATE OF ORGANIZATION AND
CIRCULATION ISSUED, LAWFUL MONEY DEPOSITED
WITH THE TREASURER TO
ON OCTOBER 31, 1891.
Circulation.
Failures.
Lawful
money deposited.
Capital.
Surplus.
Cause
Receiver apof
pointed.
failure.
Issued.
Redeemed. Outstanding.
$44, 000
85,000
$44, 000
85,000
$43,757
84,779
$243
221
1
2
TJ
180,000
180, 000
179, 364
636
3
$50,000
300, 000
Apr. 14,1865
May 1, I860
W
200,000
May
8,1866
u
50,000
100,000
$2,288
20, 435
Mar. 13,1867
Mar. 21,1867
T
V
40,000
90,000
40, 000
90,000
39,756
89, 718
244
282
4
5
100,000
500,000
4,788
37,903
Apr. 30,1867
May 20,1867
B
Q
85, 000
180,000
85, 000
180,000
84, 581
178,846
419
1,154
6
7
Aug. 20,1867
w
100, 000
100,000
99,790
210
8
Sept. 6,1867
TJ
253,900
253,900
252,796
1,104
9
Oct.
1,1867
Gr
180,000
180,000
179,661
339
10
120,000
300, 000
32,000
200,000
60, 000
100,000
50, 000
50,000
250, 000
4,610
20, 000
5,000
1,400
5,580
Feb. 28,1868
Mar. 3,1868
Apr. 24,1868
Mar. 15,1869
Oct. 14,1869
%
B
U
26, 300
90, 000
25, 500
45. 000
129,700
26, 300
90, 000
25,500
45, 000
129,700
26,135
89, 654
25,433
44,708
128,702
165
346
67
292
998
11
12
13
14
15
1,000, 000
200,000
150,000
Dec. 13,1871
Dec. 15,1871
V
TJ
800, 000
50,000
800, 000
50,000
792, 557
49, 730
7,443
270
16
17
18
250,000
40,000 . . . . d o
F
243, 393
243, 393
240,995
2,398
200,000
33,905
Dec. 20,1871
TJ
179,000
179,000
177, 710
1,290
19
106,100
27,139
Apr. 23,1872
TJ
71,000
71,000
70,080
920
20
50, 000
250,000
2,509
May 2,1872
Dec 12 1872
V
JJ
45,000
135, 000
45, 000
135,000
44,525
134, 638
475
362
21
22
175,000
17,000
Dec. 31,1872
B
118,900
118,900
117,674
1,226
23
500,000
3,045
Mar. 18,1873
M
450,000
450,000
447,730
2,270
24
300,000
56,000
Apr. 28,1873
A
100, 000
100,000
98, 815
1,185
25
500,000
108,000
Sept. 19,1873
M
450,000
450, 000
442,319
7,681
26
750,000
56,027
Sept. 22,1873
V
234,000
234,000
231,229
2,771
27
400,000
18,302
Sept. 25,1873
n
360,000
360,000
356,100
3,900
28
200,000
100, 000
600,000
do
11,801
16,000 Oct. 18,1873
14,161 Oct. 23,1873
R
P
W
179,200
90,000
360,00D
179,200
90,000
360,000
176, 720
88,873
2,480
1,127
29
30
50,000
50,000
100,000
100,000
50,000
25,000 Oct. 24,1873
23,839 Nov. 23.1873
7,000 Dec. 16,1873
8,000 J u n e 3,1874
1,000 Nov. 28,1874
TJ
Y
P
G
X
45, 000
45,000
90,000
95,000
43, 800
45,000
45,000
90, 000
95,000
43,800
355,000
44, 395
44,150
88, 833
93,510
„ 43,460
5,000
605
850
1,167
1,490
340
31
32
33
34
35
36
150,000
18,719
Dec. 10,1874
Y
118,191
118,191
117,103
1,088
37
500,000
80,000
Feb.
1,1875
Y
285,100
285,100
283,053
2,047
38
100,000
200,000
20,000
22,254
Oct. 22,1875
Oct. 28,1875
E
45,000
146,585
45,000
146,585
43,909
144, 255
1,091
2,330
39
40
45,000
45,000
44,610
390
41
85,700
27,000
82,776
26,570
2,924
430
42
43
TT
150,000
200,000
30,000
968
J a n . 24,1876
Feb.
...do
1,1876
U
Y
Y
N
85, 700
27,000
202
REPORT OF THE COMPTROLLER OF THE CURRENCY,,
NATIONAL BANKS THAT HAVE BEEN PLACED IN THE HANDS OF RECEIVERS,
Total dividends
paid during
existence as a
national banking association.
Organisation
Name and location of bank.
Charter
num
ber.
Date.
Capital.
Surplus.
$50,000
First National Bank, Osceola, Iowa... 1776 Jan. 26,1871
50, 000
First National Bank, Duluth, Minn... 1954 Apr. 6,1872
First National Bank, La Crosse, Wis.. 1313 June 20,18G5
50,000
250,000
City National Bank, Chicago, 111
818 Feb. 18,1865
75, 000
Watkins National Bank, Watkins, N.Y 456 June 2,1864
50,000
First National Bank, Wichita, Kans .. 1913 Jan. 2,1872
First National Bank, Greenfield, Ohio*. 101 Oct. 7,1863
50,000
200,000 $36, 205
National Bank of Fishkill, N. Y
971 Apr. 1,1865
60,000
First National Bank, Franklin, Ind... 50 Aug. 5,1863
67,000 2,976
Northumberland County National 689 Jan. 9,1865
Bank, Shamokin, Pa.
50,000
First National Bank, Winchester, HI.. 1484 July 25,1865
50, 000
National Exchange Bank, Minneapolis, 719 Jan. 16,1865
Minn.
National Bank of the State of Missouri, 1665 Oct. 30,1866 3, 410, 300
St. Louis, Mo.
100,000
1949 Mar. 25,1872
First National Bank, Delphi, Ind
50, 000
FirstNationalBank, Georgetown, Colo 1991 May 31,1872
120, 000 15, 000
Lock Haven National Bank, Lock 1273 June 14,1865
Haven, Pa.
120,000
236 Feb. 5,1864
Third National Bank, Chicago, HI
200,000
Central National Bank, Chicago, 111... 2047 Sept. 18,1872
100,000 1,000
First National Bank, Kansas City, Mo 1612 Nov. 23,1865
100,000 7,214
Commercial National Bank, Kansas 1995 June 3,1872
City, Mo.
60, 000
First National Bank, Ashland, Pa.*... 403 Apr. 27,1864
50, 000
First National Bank, Tarry town, N. Y 3(34 Apr. 5,1864
100, 000
FirstNationalBank, Allentown,Pa.*. 161 Dec. 16,1863
100, 000
First Nation al Bank, Waynesbu rg, Pa.* 305 Mar. 5,1864
200,000
Washington County National Bank, 12d6 June 13,1865
Greenwich, N. Y.
2157 July 16,1874
100,000
First National Bank, Dallas, Tex
100,000
People's National Bank, Helena, Mont. 2105 May 13,1873
50, 000
First National Bank, Bozeman, Mont.. 2027 Aug. 14,1872
Merchants' National Bank, Fort Scott, 1927 Jan. 20,1872
50, 000
Kans.*
Farmers' National Bank, Platte City, 2356 May 5,1877
50,000
Mo.
First National Bank, Warrensburg, 1856 July 31,1871
50,000
Mo.
2,000
German-American National Bank, 2358 May 14,1877
130,000
Washington, D. C.
250, 000
German National Bank, Chicago, HI. *. 1734 Nov. 15,1870
Commercial National Bank, Saratoga 1227 June 6,1865
100,000 11, 872
Springs, N. Y.
100,000
Second National Bank, Scranton, Pa. *. 49 Aug. 5,1863
1200 May 31,1865
100,000
National Bank of Poultney, Vt
50,000
First National Bank, Monticello, Ind. 2208 Dec. 3,1874
50,000
309 Mar. 11,1864
First National Bank, Butler, Pa
70,000
First National Bank, Meadville, P a . . . 115 Oct. 27,1863
125,000
52 Aug. 7,1863
First National Bank, Newark, N. J
100,000
First National Bank, Brattleboro, Vt . 470 June 30,1864
500,000 251, 802
Mechanics' National Bank, Newark. 1251 J u n e 9,1865
N.J.
100,000
First National Bank, Buffalo, N. Y.... 235 Feb. 5,1864
250,000
Pacific National Bank, Boston, Mass.. 2373 Nov. 9,1877
First National Bank of Union Mills,
50,000
Oct. 23,1863
110
Union City, Pa.
200,000
Vermont National Bank, St. Albans,
Oct. 11,1865
1583
Vt.
60,000
Mar. 19,1879
First National Bank, Leadville, Colo..
100,000
City National Bank, Lawrenceburg, 2420 Feb. 24,1883
Ind.*
100,000
First National Bank, St. Albans, Vt...
Feb. 20,1864
75,000
First National Bank, Monmouth, HI .. 2751 J u l y 7,1882
Marine National Bank, New York, 1215 J u n e 3,1865
400,000
N.Y.
Hot Springs National Bamk, Hot 2887 Feb. 17,1883
50,000
2,000
Springs, Ark.
Richmond National Bank. Richmond, 2090 Mar. 5,1873
270, 000
Ind.
* Formerly in voluntary liquidation.
Amount.
Per
cent.
46.1
$23,500
50
25,000
63
31,500
73
182, 500
85,450 113.9
73.9
36, 975
80, 300 160.6
71.5
143,000
222, 319 370.1
670,000 1.000
71,750
124,000
143.5
248
45,000
45
153,
600
1, 035, 000
38, 000
540,500
25,000
862.5
19
540.5
25
187,131
132,250
311.9
264.5
86, 692
205, 940
102.9
45, 750
10, 000
20, 000
34,731
45.7
10
40
4,000
8
57,750
115.5
113,000
113
392,125
92,000
7,400
139,000
248, 400
605, 250
387, 000
1,198, 000
392.1
92
14.8
278
354.8
484.
387
239.6
287,500
75,000
91,955
287.5
30
183.9
000
93
63, 000
3,000
105
3
197,000
15,000
197
20
164.9
186,
659,643
3,000
274,000
6
101.5
REPORT OF THE COMPTROLLER OF THE CURRENCY.
203
TOGETHER WITH THEIR CAPITAL AND SURPLUS, ETC.—Continued.
Circulation.
Failures.
Lawful
money desosited.
Capital.
Receiver
appointed.
Surplus.
Cause
of
failure
Issued.
Redeemed. Outstanding.
$50,000
100,000
50,000
250,000
75, 000
60,000
50, 000
200,000
132,000
67,000
$810,000 Feb. 25,1876
Mar. 13,1876
25, 000 Apr. 11,1876
130,000 May 17,1876
3,000 July 12,1876
12,000 Sept. 23,1876
10,000 Dec. 12,1876
30, 000 Jan. 27,1877
28,538 Feb. 13,1877
Mar. 12,1877
V
P
P
V
G
B
U
B
B
M
$45,000
45,000
45,000
137,209
67,500
43,200
29,662
177, 200
92,092
60,300
$45,000
45,000
45, 000
137,209
67, 500
43,200
29,662
177,200
92, 092
60, 300
$44,453
44,458
44,113
135, 620
65,744
42, 600
28,586
173,618
89, 532
58, 910
$547
542
887
1,589
1,756
600
1,076
3,582
2,560
1,390
44
45
46
47
48
49
50
51
52
53
50, 000
100,000
17,135 Mar. 16,1877
20,000 May 24,1877
W
M
45, 000
90,000
45,000
90,000
44,061
87,905
939
2,095
54
55
2, 500,000
248,775 June 23,1877
O
1,693, 660
1, 693, 660
1, 672,116
21,544
56
50, 000
75,000
120,000
20,000 July 20,1877
65,000 Aug. 18,1877
8,000 Aug. 20,1877
w
IT
V
45, 000
45,000
71,200
45,000
45,000
71,200
44,039
44,345
69,253
961
655
1,947
57
58
59
'
750,000
200,000
500, 000
100, 000
200,000
10,000
25,000
6,392
Nov. 24,1877
Dec. 1,1877
Feb. 11,1878
...do
V
V
X
Y
597, 840
45, 000
44,940
44,500
597,840
45,000
44,940
44, 500
575,905
44,113
41,960
43,245
112,500
100, 000
250,000
100, 000
200,000
19,000 Feb. 28,1878
25,000 Mar. 23,1878
220,000 Apr. 15,1878
May 15,1878
24,000 June 8,1878
V
Y
N
Y
P
75,554
89, 200
78, 641
69, 345
114,220
75,554
89,200
78,641
69,345
114,220
71,943
86,485
74,939
68,515
111, 238
3,611
2,715
3,702
830
2,982
64
65
66
67
68
...do
Sept. 13,1878
Sept. 14,1878
Sept. 25,1878
Y
* 29,800
89, 300
44,400
35,328
29,800
89,300
44,400
35,328
29,175
87, 981
43,625
34, 533
625
1,319
775
795
69
70
71
72
50, 000
Oct.
1,1878
N
27,000
27,000
26, 650
350
73
100,000
10,600 Nov. 1,1878
X
45,000
45,000
43,910
1,090
74
75
50,000
100,000
50, 000
50,000
130,000
5,000
8,000
7,000
13,500
2,000 . . . . d o
500,000
100,000
125,000 Dec. 20,1878
40,476 Feb. 11,1879
200,000
100, 000
50,000
50,000
100,000
300,000
300, 000
500,000
70,000
4,000
2,000
10,600
20,000
62, 584
67,000
400,000
Mar. 15,1879
Apr. 7,1879
July 18,1879
July 23,1879
June 9,1880
June 14,1880
June 19,1880
Nov. 2,1881
21, 935 60
887 61
2,980 62
1,255 63
P
62, 500
62, 500
61,975
525
B
X
X
X
N
E
R
F
N
C
42,795
86, 900
42, 795
86,900
38,250
84,725
91,465
90,000
27,000
71,165
89, 500
326,643
90,000
449,900
91,465
90,000
27,000
71,165
89,500
326,643
90,000
449,900
86,883
87,197
26,380
67,000
85,461
312,797
83,653
425,163
76
77
4,582 78
2,803 79
620 80
4,165 81
4,039 82
13, 846 83
6,347 84
24,737 85
4,545
2,175
100,000
961,300
50,000
50,000 Apr. 22,1882
May 22,1882
13,455 Mar. 24,1883
P
s
s
99,500
450,000
43,000
99,500
450,000
43,000
95,825
442,966
41,105
3,675
7,034
1,895
86
87
88
200,000
25,000 Aug. 9,1883
Y
65,200
65,200
59,653
5,547
89
90
91
92
93
94
60,000
100,000
15,000 Jan. 24,1884
Mar. 11,1884
B
53,000
77,000
53,000
77,000
51,285
74,130
1,715
2,870
100,000
75, 000
400,000
40,000 Apr. 22,1884
15,000
do
225,000 May 13,1884
P
B
T
89,980.
27,000
260,100
89,980
27,000
260,100
83,898
24,870
246,140
6,082
2,130
13, 960
50,000
180 June 2,1884
E
40,850
40,850
36, 730
4,120
95
250,000
33,000 July 23,1884
H
158,900
158,900
142,826
16,074
96
204
REPORT OF THE COMPTROLLER OF THE CURRENCY,
NATIONAL BANKS THAT HAVE BEEN PLACED IN THE HANDS OF RECEIVERS,
Total dividends
paid during
existence as a
national bank-
Organization.
tion.
Name and location of bank.
Date.
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
329
130
131
132
133
134
135
136
137
138
139
140
141
142
143
First National Bank, Livingston,
Mont.
First National Bank, Albion, N. Y...,
First National Bank, Jamestown, N.
Dak.
Logan National Bank, West Liberty,
Ohio.
Middletown National Bank, Middletown, N. T.
Farmers' National Bank, Buahnell,
111.
Schoharie County National Bank,
Schoharie/N.T.
Exchange National Bank, Norfolk,
Va.
First National Bank, Lake City,
Minn.
Lancaster National Bank, Clinton,
Mass.
First National Bank, Sioux Falls,
S. Dak.
First National Bank, Wahpeton, N.
Dak.
First National Bank, Angelica, N.T.
City National Bank, Williarasport, Pa.
Ab'mgton National Bank, Abingtou, Mass.*
First National Bank, Blair, Nebr
First National Bank, Pine Bluff.
Ark.
Palatka National Bank, Palatka, Fla.
Fidelity National Bank, Cincinnati,
Ohio.
Henrietta National Bank, Henrietta,
Tex.
National Bank of Sumter, S. C
First National Bank, Datsville. N. T .
First National Bank, Corry, Pa
Stafford National Bank, Stafford
Springs, Conn.
Fifth National Bank, St. Louis, Mo..
Metropolitan National Bank, Cincinnati, Ohio.
First National Bank, Auburn, N. Y..
Commercial National Bank, Dubuque, Iowa.
State National Bank, Raleigh, N. C...
Second National Bank, Xenia, Ohio..
Madison National Bank, Madison,
S. Dak.
Lowell National Bank, Lowell, Mich..
California National Bank, San Francisco, Cal.
First National Bank, Anoka, Minn ...
National Bank of Shelbyville, Tenn..
First National Bank, Sheffield, Ala . .
Third National Bank, Malone, N. Y..
First National Bank, Abilene, Kans..
Harper National Bank, Harper, Kans..
Gloucester City National B a n k ,
Gloucester City, N. J.
!
Park National Bank, Chicago, HI
State National Bank, "Wellington, i
Kans.
Kingman National Bank, Kingman.
Kans.
First National Bank, Alma, Kans
First National Bank, Belleville,Kans
First National Bank, Meade Center,
Kans.
American National Bank, Arkansas
City, Kan«.
Capital.
Surplus.
Per
Amount. cent.
3006
July 16,1883
$50,000
166
Dec. 22,1863
Oct. 25,1881
50,000
50, 000
$170,500
May
50,000
4,000
2578
2942
1276
1791
1510
1137
1740
583
2465
7,1883
June 14,1865
Feb. 18,1871
Aug.
200.000 $23,128
50,000
341
8
356,000 178
38,500
77
9,1865
100,000
May 13,1865
100,000
337, 500
Nov. 29,1870
50,000
90,142
180.2
Nov. 22,1864
200,000
285,000
142.5
Mar. 15,1880
50,000
10,000
20
Feb.
50, 000
12, 000
2,1882
2624
564
2139
1386
Nov. 3,1864 I
Mar. 17,1874
July 1,1865
2724
2776
June 7,1882
Sept. 18,1882
3266
3461
Nov. 20,1884
50, 000
,Feb. 27,1886 1, 000,000
3022
Aug.
8,1883
Nov. 26,1883
75 Sept. 4,1863
6,1864
605 Dec.
Jan. 7,1865
32,894
100, 000
100, 000
150,000 15,000
50, 000
50, 000
337.5
24
186, 000
38, 500
307, 382
186
38.5
204.9
23,000
46
2,784
12,250
24.5
50, 000
50, 000
100, 000
150, 000 10, 000
13, 500
75,825
168, 500
306, 000
27
151.6
168.5
204
50, 000
2835
2542
Dec. 12,1882
July 12,1881
200,000
500,000
75,000
215,000
37.5
1801
Feb. 4,1864
Mar. 11,1871
100, 000
100, 000
266,000
146,806
266
146.8
1682
277
3597
June 17,1868
Feb. 24,1864
Dec. 7,1886
100,000
60,000
50,000
278,000
5,000
463.3
10
1280
3592
June 14,1865
Oct. 20,1886
50,000
200,000
159,494
318.9
2800
2198
3617
3366
2427
3431
Sept. 14,1882
Oct. 29,1874
Jan. 14,1887
July 15,1885
J u n e 23,1879
Jan.
6,1886
Oct. 26,1888
50, 000
50,000
100,000
50,000
50,000
50,000
50,000
18,000
81,625
36
163.2
2,000
75, 350
10,000
4
150.6
20
3502
3564
May 11,1886
Oct.
1,1886
200,000
50,000
24,000
5,000
12
10
3559
Sept. 16,1886
75,000
20, 500
27.3
3769
3386
Aug. 3,1887
Aug. 28,1885
M a y 5,1887
50,000
50,000
50,000
14,000
17,500
8,857
28
35
17.7
Mar. 15,1889
100,000
28,000
28
•Restored to solvency.
1,000
REPORT OF THE COMPTROLLER OF THE CURRENCY.
205
TOGETHER WITH THEIR CAPITAL AND SURPLUS, ETC.—Continued.
Failures.
Circulation.
Lawful
money deposited.
Capital.
Receiver
appointed.
Surplus.
Cause
of
failure.
Issued.
Redeemed.
Outstanding.
Aug. 25,1884
X
$11,240
$11,240
$10,915
$325
97
100, 000
50,000
$20,000
12,500
Aug. 26,1884
Sept. 13,1884
B
E
90,000
18,650
90,000
18, 650
86,298
18,087
3, 702
573
98
99
50,000
1,000
Oct. 18,1884
P
23,400
23,400
21,900
1,500
100
149, 000
176,000
149,009
26, 991
101
44, 000
44,000
41,444
2,556
102
4,190
103
$50, 000
200, 000
40,000
Nov. 29,1884
I
50,000
7,500
Dec. 17,1884
L
50,000
15,000
Mar. 23,1885
B
38, 350
38,350
34,160
300, 000
150,000
Apr.
9,1885
O
228, 200
228,200
205,642
22, 548 104
50, 000
10, 000
Jan.
4,1886
E
44,420
44,420
41,029
3,391
100,000
20,000
Jan. 20,1886
B
72, 360
72, 360
62,948
9,412
106
50,000
30,447
Mar. 11,1886
J
10,740
10, 740
9,560
1,180
107
Apr.
105
50,000
4,000
J
17,120
17,120
15, 340
1,780
108
100, 000
100, 000
150
000
Xl/V) \J\J\J
20,100
12, 500
25, 300
Apr. 19,1886
May 4,1886
Aug. 2,1886
A
D
89,000
43,140
25,425
89, 000
43,140
25,425
78,240
34, 340
25,425
10,760
8,800
109
110
111
50, 000
50,000
11,000
20,000
Sept. 8,1886
Nov. 20,1886
U
V
26,180
26, 280
26,180
26, 280
24,405
24, 560
1,775
1,720
112
113
J u n e 3,1887
50, 000 J u n e 27,1887
V
B
19,210
90, 000
19, 210
90, 000
17,145
79,947
2,065
10,053
114
115
50, 000
1, 000, 000
8,1886
50, 000
8,000
Aug. 17,1887
K
11,250
11,250
10,170
1,080
116
50, 000
50, 000
100, 000
200, 000
10,000
15,000
10,183
24,000
Aug. 24,1887
Sept. 8,1887
Oct. 11,1887
Oct. 17,1887
11, 250
15, 730
73,829
139,048
11,250
15, 730
73,829
139, 048
8,780
12,885
57, 326
112,886
2,470
2,845
16, 503
26,162
117
118
119
120
300, 000
1,000,000
30, 000
180,000
Nov, 15,1887
Feb. 10,1888
44,430
277, 745
44,430
277,745
35,460
211, 270
8,970
66,475
121
122
150,000
100, 000
20,000
Feb. 20,1888
Apr. 2,1888
A
B
Y
B
F
V
R
Y
44,400
62,170
44,400
62,170
28,099
52, 683
16,301
9,487
123
124
100, 000
150' 000
50, 000
14,000
3,000
Apr. 11,1888
May 9,1888
J u n e 23,1888
22,500
48,470
11,250
22,500
48,470
11, 250
16,115
33, 875
9,630
6,385
14,595
1,620
125
126
127
50,000
200,000
10,000
10,000
Sept. 19,1888
J a n . 14,1889
24, 870
45,000
24,870
45,000
18,970
32,020
5,900
12,980
128
129
50,000
50,000
100,000
50^ 000
100,000
50, 000
50, 000
4,300
25, 000
Apr.
Dec.
Dec.
Dec.
Jan.
Feb.
June
11,250
16,710
22,500
10, 750
21,240
10, 750
11,250
8,135
12,170
6,080
11, 760
5,590
6,020
11, 250
8,575
10,330
4,670
9,480
5,160
5,230
130
131
132
133
134
135
136
200,000
50, 000
21,000
3,915
137
138
100,000
1,000
400
17,600
B
Y
S
w
Q
22,1889
13,1889
23,1889
30,1889
21,1890
10,1890
12,1890
W
F
F
F
16, 710
22, 500
10, 750
17,640
10, 750
11,250
J u l y 14,1890
Sept. 25,1890
F
W
11,250
45,000
11,250
4,380
45,000
6,870
Oct.
2,1890
X
22, 500
22, 500
8,385
14,115
139
16, 875
11,250
10,750
16,875
11,250
10,750
6, 830
4,850
10,045
6,400
6,280
140
141
142
45,000
143
B
75,000
50, 000
50, 000
1,603
5,000
4,000
Nov. 21,1890
Dec. 12,1890
Dec. 24,1890
H
300,000
24,000
Dec. 26,1890
G
Gt
Y
45,000
•
4,470
206
REPORT OF THE COMPTROLLER OF THE CURRENCY.
NATIONAL BANKS THAT HAVE BEEN PLACED LN THE HANDS OF RECEIVERS,
Total dividends
paid duirng
existence as a
national banking association.
Organization.
Name and looation of bank.
Charter
number.
144 City National Bank, Hastings, Nebr..
145 People's National Bank, Fayetteville,
N. C.
146 Spokane National Bank, S p o k a n e
Falls, Wash.
147 First National Bank, Ellsworth, Kans.
148 Second National Bank, McPherson,
Kans.
149 Pratt County National Bank, Pratt,
Kans.
150 Keystone National Bank, Philadelphia, Pa.
151 Spring Garden National Bank, Philadelphia, Pa.
152 National City Bank, Marshall, M i c h . .
153 Ked Cloud National Bank, Eed Cloud,
Nebr.
154 Asbury Park National Bank, Asbury
Park, N. J .
155 Ninth National Bank, Dallas, Tex
156 First National Bank, Red Cloud, Nebr.
157 Central Nebraska National B a n k ,
Broken Bow, Nebr.
158 Florence National Bank, Florence, Ala.
159 First National Bank, Palatka, Fla
160 First National Bank, Kansas City,
Kans.
161 Rio Grande National Bank, Laredo,
Tex.
162 First National Bank, Clearfield, Pa . . .
163 Farley National Bank, Montgomery,
Ala.
164 First National Bank, Cold water, Kans.
Total.
Date.
Capital.
3099 Dec. 27,1883
2003 June 27,1872
$50,000
75,000
3838 Jan. 24,1888
60,000
3249 Sept. 11,1884
3791 Sept. 16,1887
50. 000
50,000
Surplus.
Amount.
$44,547 89.1
182, 500 243.3
54,500 109
8,500 17
3787 Sept. 8,1887
50, 000
2291 July 30,1875
200,000
122,730 61.4
3468 Mar. 13,1886
500,000
122,198 24.4
2023 July 29,1872
3181 May 10,1884
100, 000
50, 000
162, 500 162.5
23,275 46.5
3792 Sept. 17,1887
100, 000
4415 Sept. 12,1890
2811 Nov. 8,1882
3927 Sept. 28,1888
300,000
50,000
60, 000
18, 000
57,250 114.5
8,400 14
4135 Oct. 3,1889
3223 July 15,1884
3706 May 17,1887
50,000
50, 000
100,000
50,000 100
25,000 25
4146 Oct. 28,1889
100,000
768 Jan. 30,1865
4180 Dec. 18,1889
100,000
100, 000
3703 M a y
9,1887
52,000
209, 000 209
2,080
25,530,400 $185,690 17,772,012
A Defalcation of officers.
B Defalcation of officers and fraudulent management.
C Defalcation of offieers and excessive loans to others.
D Defalcation of officers and depreciation of securities.
E Depreciation of securities.
F Excessive loans to others, injudicious banking, and depreciation of securities.
Gr Excessive loans to officers and directors and depreciation of securities.
H Excessive loans to officers and directors and investments in real estate and mortgages*
I Excessive loans to others and depreciation of securities.
J Excessive loans to others and investments in real estate and mortgages.
K Excessive loans and failure of large debtors.
%, Excessive loans to officers and directors.
Per
cent.
69.6
REPORT OF THE COMPTROLLER OF THE CURRENCY.
207
TOGETHER WITH THEIR CAPITAL AND SURPLUS, ETC.—Continued.
Circulation.
Failures.
Lawful
money deposited.
Capital.
Cause
Receiver
of
appointed. failure,
Surplus.
Jan. 14,1891
Jan. 20,1891
$100,000
125,000
100,000
25,000
Feb. 3,1891
50,000
50,000
10,000
7,500
Feb. 11,1891
Mar. 25,1891
Issued.
J
R
$22, 500
28,800
F
Q
H
10 750
llj250
$22, 500
28,800
Redeemed. Outstanding.
$6,250
9,385
21, 700
10,750
11,250
2,770
2.720
$16, 250 144
19,415 145
21,700
146
7,980
8,530
147
148
50,000
3,000
Apr. 7,1891
500,000
100,000
May 9,1891
750,000
132,500
100, 000
75,000
20, 000
3,000
May 21,1891
June 22,1891
July 1,1891
100, 000
3,500
July 2,1891
20,700
20,700
154
300,000
75,000
60, 000
4,000 July 16,1891
9,000
4, 600' July 21,1891
45,000
16, 225
13, 500
45,000
16,225
13. 500
155
156
157
July 23,1891
Aug. 7,1891
Aug. 17,1891
12, 900
33,750
33,750
100,000
150,000
150,000
500
23, 600
10,500
100,000
Oct.
100, 000
100,000
46, 000 Oct. 7,1891
8,000 . . . . d o
52,000
30,620,900
O
Q
D
V
3,1891
S
V
790 Oct. 14,1891
4,635,746
11,250
11,250
149
41,180
41,180
150
45,000
45,000
151
44,000
16,875
44,000
16,875
152
153
100
161
22, 500
22,500
85, 340
22, 500
85,340 162
22, 500 163
11,200
15, 579,940
12, 900 158
33, 650 159
33,750 160
16,209,160
11, 200
14, 881, 939
164
1,327,221
M Failure of large debtors.
N Fraudulent management.
O Fraudulent management, excessive loans to officers and directors, and depreciation of securities.
P Fraudulent management and depreciation of securities.
Q Fraudulent management and injudicious banking.
R Fraudulent management, defalcation of officers, and depreciation of securities.
S Fraudulent management, injudicious banking, investments in real estate and mortgages, and depreciation of securities.
T Fraudulent management, excessive loans to officers and directors, and excessive loans to others.
U Injudicious banking.
V Injudicious banking and depreciation of securities.
WInjudicious banking and failure of large debtors.
X Investments in real estate and mortgages and depreciation of securities.
208
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF R E TEM, W I T H AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS, AMOUNTS COLLECTASSETS, E X P E N S E S OF R E C E I V E R S H I P , CLAIMS PIIOVED, D I V I D E N D S P A I D , AND
Name and location of bank.
First National Bank, Attica, N. Y
Venango National Bank, Franklin, Pa
Merchants' National Bank, Washington, D. C
First National Bank, Medina, N. Y
Tennessee National Bank, Memphis, Tenn
First National Bank, Selma, Ala
First National Bank, New Orleans, La
National Unadilla Bank, Unadilla, N. Y
Farmers and Citizens' National Bank, Brooklyn, N. Y.
Croton National Bank, New York, N. Y
First National Bank, Bethel, Conn
First National Bank, Keokuk, Iowa
National Bank of Vicksburg, Miss
First National Bank, Rockford, 111
First National Bank of Nevada, Austin, Nev
Ocean National Bank, New York, N. rY
Union Square National Bank, New Y ork, N. Y
Eighth National Bank, New Y ork, N. Y
Fourth National Bank, Philadelphia, Pa
Waverly National Bank, Waverly, N. Y
First National Bank, Fort Smith, Ark
Scandinavian National Bank, Chicago, 111
Wallkill National Bank, Middletown, N. Y
Crescent City National Bank, New Orleans, La
Atlantic National Bank, New York, N. Y
First National Bank, Washington, D. C
1
National Bank of the Commonwealth, New York, N. Y
Merchants' National Bank, Petersburg, Va
First National Bank, Petersburg, Va
;
First National Bank, Mansfield, Ohio
New Orleans National Banking Association, New
Orleans, La.
First National Bank, Carlisle, Pa
First National Bank, Anderson, Ind
First National Bank, Topeka, Kans
First National Bank, Norfolk, Va
Gibson County National Bank, Princeton, Ind
First National Bank of Utah, Salt Lake City, Utah
Cook County National Bank, Chicago, 111
First National Bank, Tiffin, Ohio
Charlottesville National Bank, Charlottesville, 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, X. Y
First National Bank, Wichita, Kans
First National Bank, Greenfield, Ohio *
National Bank of Fishkill, N. Y
First National Bank, Franklin, Ind
Northumberland County National Bank. Shamokin, Pa.
First National Bank, "Winchester, 111
National Exchange Bank, Minneapolis, Minn
National Bank oi the State of Missouri, St. Louis, Mo .
First National Bank, Delphi, Ind
First National Bank, Georgetown, Colo
Lock Haven National Bank, Lock Haven, Pa
Third National Bank, Chicago, 111
Central National Bank, Chicago, 111
First National Bank, Kansas City, Mo
,
Commercial National Bank, Kansas City, Mo
First National Bank, Ashland, Pa. *
First National Bank, Tarry town, N. ¥
First National Bank, Allentown, Pa. *
First National Bank, Waynesburg, Pa. *
Washington County National Bank, Greenwich, N. Y ..
First National Bank, Dallas, Tex
,
70 Peoples' National Bank, Helena, Mont
Date of
organization
Capital
stock.
Jan. 14,1864
May 20,1865
Dec. 14,1864
Feb. 3,1864
June 5,1865
Aug. 24,1865
Dec. 18,1863
July 17,1865
June 5,1865
Sept. 9,1865
May 15,1865
Sept. 9,1863
Feb. 14,1865
May 20,1864
June 23,1865
June 6,1865
Mar. 30,1869
Apr. 6,1864
Feb. 26,1864
May 29,1865
Feb. 6,1866
May 7,1872
July 21,1865
Feb. 15,1872
July 1,1865
July 16,1863
July 1,1865
Sept. 1,1865
July 1,1865
May 24,1864
May 27,1871
$50, 000 Apr. 14,1865
300,000 M a y 1,1866
200, 000 M a y 8,1866
50, 000 M a r . 13,1867
100,000 M a r . 21,1867
100,000 Apr. 30,1867
500, 000 M a y 20,1867
120, 000 A u g . 20,1867
300, 000 Sept. 6,1867
200, 000 Oct. 1,1867
60, 000 Feb. 28,1868
100, 000 M a r . 3,1868
50, 000 Apr. 24,1868
50, 000 M a r . 15,1869
250, 000 Oct. 14,1869
1, 000, 000 Dec. 13,1871
200, 000 Dec. 15,1871
250, 000 ....do
200, 000 Dec. 20,1871
106,100 Apr. 23,1872
50, 000 M a y 2,1872
250,000 Dec.-12,1872
175, 000 Dec. 31,1872
• 500, 000 Mar. 18,1873
300, 000 Apr. 28,1873
500, 000 Sept. 19,1873
750, 000 Sept. 22,1873
400,000 Sept, 25,1873
200,000
do
100, 000 Oct. 18,1873
600,000 Oct. 23,1873
July 7,1863
July 31,1863
Aug. 23,1866
Feb. 23,1864
Nov. 30,1872
Nov. 15,1869
July 8,1871
Mar. 16,1865
July 19,1865
Oct. 30,1874
Feb. 24,1864
Sept. 18,1875
Jan. 26,1871
Apr. 6,1872
June 20,1865
Feb. 18,1865
June 2,1864
Jan. 2,1872
Oct. 7,1863
Apr. 1,1865
Aug. 5,1863
Jan. 9,1865
July 25i 1865
Jan. 16,1865
Oct. 30,1866
Mar. 25,1872
May 31,1872
June 14,1865
Feb. 5,1864
Sept. 18,1872
Nov. 23,1865
June 3,1872
Apr. 27,1864
Apr. 5,1864
Dec. 16,1863
Mar. 5,1864
June 30,1865
July 16,1874
May 13,1873
50,000
50,000
100, 000
100,000
50,000
150,000
500, 000
100, 000
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
Receiver
appointed.
Oct. 24,1873
Nov. 23,1873
Dec. 16,1873
J u n e 3,1874
Nov. 28,1874
Dec. 10,1874
Feb. 1,1875
Oct. 22,1875
Oct. 28,1875
Jan. 24,1876
Feb. 1,1876
do
Feb. 26,1876
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
J u n e 23,1877
J u l y 20,1877
Aug. 18,1877
Aug. 20,1877
Nov. 24,1877
Dec. 1,1877
Feb. 11,1878
....do
Feb. 28,1878
Mar. 23,1878
Apr. 15,1878
May 15,1878
J u n e 8,1878
....do
Sept. 13,1878
* Formerly in volun-
REPORT OF THR COMPTROLLER OF THE CURRENCY.
209
CEIVER AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL BANKING SYSED FROM ALL SOURCES, LOANS PAID AND OTHER DISBURSEMENTS, LOSSES ON
REMAINING ASSETS RETURNED TO STOCKHOLDERS.
Nominal assets at date of suspension Additional
assets resince
Estimated Estimated Estimated ceived
date of
good.
doubtful. worthless. suspension
$50, 823
83, 713
18, 424
50,000
116, 422
853,148
36, 748
1,175, 656
255, 235
39, 486
98, 240
21, 584
7,000
129, 721
1,867, 641
364, 973
229, 617
653, 658
86,493
15, 800
100,000
127, 769
379, 020
336, 833
1,000, 000
1,435,113
342, 260
100, 000
94,483
300, 000
28,077
50, 000
25, 000
77, 723
51, 296
6,300
619,836
140,000
169, 520
20, 000
' 27,123
29, 752
74, 376
18,093
35,000
453,037
86,014
59,226
194, 665
86,492
67, 246
67,541
135,231
935, 999
175, 254
34,368
220,481
1, 330,215
157,438
1,118,118
52, 349
107, 318
100, 994
19,879
$28, 053
57, 029
860,929
2,029
395, 412
96, 556
276,400
69, 857
121,683
144, 903
4,809
79, 652
49, 959
811
497, 292
736,997
40, 000
14,174
100, 000
50, 000
110,450
58,852
1, 277, 690
473, 372
252, 250
50, 000
173, 378
100,000
55, 386
80, 000
85, 000
56, 350
32, Oil
204, 600
1, 250,163
120, 000
105, 218
190, 069
131, 227
26,858
19, 938
118, 300
25, 000
478, 917
44,582
18, 387
57, 675
262,909
58,188
112, 026
66, 025
90, 704
2, 818, 966
6,250
52, 627
150, 650
631, 797
161,441
313, 726
74, 724
41, 584
132,445
15, 869
27,894
311,324
36,245
48,149
32, 559
95, 251
tary liquidation.
11167-
-14
$115, 538
818,154
101, 072
78, 415
701,116
86, 856
272r757
65, 361
83, 839
125, 057
22, 569
91,412
942, 283
91,355
165,442
37,494
25, 000
168,100
25, 000
148, 920
283, 550
453, 593
321,722
79, 409
7, 954
376,870
29, 267
103, 057
78,857
80, 297
29,055
3,274
151,439
63, 620
257, 655
65, 802
9,359
5,737
35,855
65, 097
85, 805
9,105.
67, 531
51,403
200,909
25, 941
79,101
124,371
633,744
6,596
629,113
24,990
330, 704
170,712
405, 000
51,175
19,070
153,467
185, 220
42, 284
236, 971
67, 423
166,151
$13, 692
27, 741
5,400
26, 579
57, 732
156, 575
19, 449
121, 017
21, 572
12, 212
13,426
Total
assets.
32, 517
6,537
24, 866
25,102
168,603
128, 337
215, 724
404,431
103,609
43, 225
21, 095
654,185
$208,106
986, 637
860, 929
126,925
471, 991
349,125
1, 987, 239
212, 910
1, 691,113
487, 071
140, 337
316, 375
94,112
38,182
760, 661
2,934, 756
468, 223
1,181,465
653, 658
196, 504
61, 511
392,966
227, 871
806,993
807, 572
2,493,414
2, 766, 509
1,019, 841
272, 634
296,910
lr431,055
2, 574
99, 927
14,241
3, 542
12,816
15, 258
678, 349
18,439
30, 696
27, 287
3,084
9,635
15,162
13,816
44, 815
86, 248
21, 738
3,681
376
49,441
24, 217
14, 770
14, 270
18,411
433, 400
13, 478
30, 398
34, 350
352, 382
16, 680
19, 817
6,723
8,859
20, 289
2,171
1,861
13, 749
4,305
67,942
115, 304
332, 984
203, 098
217,912
125,178
229,432
2, 699,787
342, 059
563,089
237,356
227,236
75, 604
115,213
186,064
169, 912
1,104, 007
161,439
148,825
58,051
558, 418
369,806
219, 983
226.937
368,717
4,822,109
201, 578
746,506
430, 471
2,645,098
506, 271
1,856, 661
184,971
176,831
274, 750
339,715
60, 014
589.938
156,122
361,903
30, 371
42, 236
124, 832
11, 895
49,409
Loss on
Nominal
assets comvalue
Offsets pounded
or
of assets
allowed and sold under returned
to
settled.
stockorder of
holders.
court.
$18, 661
69,445
6,845
58, 645
55, 342
30, 641
1,570
33,454
4,608
274
317, 742
285, 736
101, 719
38, 911
303, 504
15, 780
6,211
30, 378
8,949
98,460
280, 955
368, 992
103, 842
3,225
5,735
8,964
7,068
10, 410
26, 951
2,191
3,595
2,869
452, 953
60, 447
24,882
8,761
2,100
3,510
3,043
1,139
4,296
48,381
3,151
17,409
13,192
60,311
8,487
6,537
21, 498
166,831
62, 774
36, 598
41,324
59, 323
7,245
1,482, 725
22,962
16, 072
164, 949
20,608
714
18,541
30, 088
12,492
$114, 236
796.197
686, 665
93,638
380, 383
179, 894
929, 289
132,806
400,503
187, 586
70,122
123,409
57,938
219,750
1,254,358
$89,855
379,794
56, 011
37, 629
224, 703
22,084
285, 346
161,013
765, 356
589, 213
616, 642
146, 764
182, 231
715,584
51, 294
167, 702
118,083
55, 917
54,332
196,231
1,948,095
84, 709
58, 715
186, 254
6,266
49, 929
33, 363
111, 780
85,019
470, 908
* 18,635
67, 345
44,344
223, 375
203, 792
99, 588
117,173
139,309
1, 771, 699
1,310
606,580
143,664
310, 813
79,038
22,559
67, 396
"53," 473*
36,957
34, 259
112,818
268, 000
47,239
6,972
106, 292
32, 372
* 279," 987
210
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF RE
SYSTEM^ WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS,
Name and location of bank.
First National Bank, Bozeman, Mont
Aug. 14,1872
Merchants' National Bank, Fort Scott, Kans.*
Jan. 20,1872
Farmers' National Bank, Platte City, Mo
May 5,1877
First National Bank, Warrensburgi Mo.
July 31,1871
German-American National Bank, Washington, D. C .. May 14,1877
Nov. 15,1870
German National Bank, Chicago, HI.*
June 6,1865
Commercial National Bank, Saratoga Springs, N. Y
Aug. 5,1863
Second National Bank, Scranton, Pa.*
May 31,1865
National Bank of Poultney, Yt
Dec. 3,1874
First National Bank, Monticello, Irid.
First National Bank, Butler, Pa
| Mar. 1L1864
!
First National Bank, Meadville, Pa
Oct. 27,1863
First National Bank, Newark, N. J
! Aug, 7,1863
First National Bank, Brattleboro, Vt
| June 30,1864
Mechanics' National Bank, Newark, N. J
' June 9, ] 865
First National Bank, Buffalo, N. Y
I Feb. 5,1864
Pacific National Bank, Boston, Mass .
First National Bank of Union Mills, Union City, P a . . . Oct. 23,1863
Yermont National Bank, St. Albans, Yt
Oct. 11,1865
First National Bank, Leadville, Colo
Mar. 19,1879
City National Bank, Lawrenceburg, Ind.*
Feb. 24,1883
Feb. 20,1864
First National Bank, St. Albans, Yt
First National Bank, Monmouth, HI
\ July 7,1882
Marine National Bank, New York, N. Y
! June 3,1865
Hot Springs National Bank, Hot Springs, Ark
| Feb. 17,1883
Richmond National Bank, Richmond, Ind
Mar. 5,1873
First National Bank, Livingston, Mont
July 16,1883
First National Bank, Albion, N. Y
Dec. 22,1863
First National Bank, Jamestown, N. Dak
Oct. 25, 1881
Logan National Bank, West Liberty, Ohio
May 7,1883
Middletown National Bank, Middletown, N. Y
June 14,1865
Fanners' National Bank, Bushnell, 111
Feb. 18,1871
Schoharie County National Bank, Schoharie, N. Y
Aug. 9,1865
Exchange National Bank, Norfolk, Ya
May 13,1865
First National Bank, Lake City, Minn
Nov. 29.1870
Lancaster National Bank, Clinton, Mass
Nov. 22,1864
First National Bank, Sioux Falls, S. Dak
I Mar. 15,1880
First National Bank, Wahpeton, N. Dak
| Feb. 2,1882
First National Bank, Angelica, N. Y
I Nov. 3,1864
/-iji-r. "vr^ii
T»
1_ vrriii:
-r>_
vr
•» rt -i onA
City NationalT Bank,
William sport,J. Pa
Abmgton National Bank, Abington, Mass.*
July l', 1865
First National Bank, Blair, Nebr
June 7,1882
First National Bank, Pine Bluff, Ark
Sept. 18,1882
Palatka National Bank, Palatka, Fla
Nov. 20,1884
Fidelity National Bank, Cincinnati, Ohio
Feb. 27,1886
Henrietta National Bank, Henrietta, Texas
Aug. 8,1883
National Bank <5f Sumter, S. C
^
Nov. 26,1883
First National Bank, Dansville, N. Y
Sept. 4,1863
First National Bank, Corry, Pa
Dec. 6,1864
Stafford National Bank, Stafford Springs, Conn
Jan. 7,1865
Fifth National Bank, St. Louis, Mo
Dec. 6,1882
Metropolitan National Bank, Cincinnati, Ohio
June 23,1881
First National Bank, Auburn, N. Y
Jan. 13,1864
Commercial National Bank, Dubuque, Iowa
Mar. 4,1871
State National Bank, Raleigh, N. C
June 2,1868
Second National Bank, Xenia, Ohio
Jan. 1,1864
Madison National Bank, Madison, S. Dak
Nov. 29.1886
Lowell National Bank, Lowell, Mich
June 14,1865
California National Bank, San Francisco, Cal
Oct. 20,1886
First National Bank, Anoka, Minn
Sept. 14,1882
National Bank of Shelbyville, Tenn
Oct. 29,1874
First National Bank, Sheffield, Ala
Jan. 14,1887
Third National Bank, Malone, N. Y
J u l y 15,1885
First National Bank, Abilene, Kans
June 23,1879
Harper National Bank, Harper, Kans
Jan. 6,1886
Gloucester City National Bank, Gloucester City, N. J . Oct. 26,1888
Park National Bank, Chicago, 111
May 11,1886
State National Bank, Wellington, Kans
Oct. 1,1886
Kingman National Bank, Kingman, Kans
Sept. 16,1886
First National Bank, Alma, Kans
Aug. 3,1887
First National Bank, Belleville, Kans
Aug. 28,1885
First National Bank, Meade Center, Kans
May 5,1887
American National Bank, Arkansas City, Kans
Mar. 15,1889
City National Bank, Hastings, Nebr
Doc. 27,1883
~
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
Date of
organization.
-
"
-
-
-
-
-
•
"
-
m
* Restored to solvency.
v
#
9
)
1
8
7
7
Capital
stock.
$50, 000
50, 000
50,000
100, 000
130,000
500,000
100,000
200,000
100,000
50,000
50,000
•100, 000
300, 000
300, 000
500, 000
100, 000
961, 300
50,000
200, 000
60, 000
100, 000
100,000
75, 000
400, 000
50, 000
250,000
50,000
100,000
50,000
50, 000
200, 000
50, 000
50,000
300, 000
50, 000
100, 000
50, 000
50, 000
100, 000
100, 000
150,000
50,000
50, 000
50, 000
1, 000, 000
50, 000
50,000
50, 000
100, 000
200, 000
300,000
1, 000, 000
150, 000
10t),t)00
100,000
150, 000
50,000
50,000
200, 000
50, 000
50, 000
100,000
50, 000
100, 000
50, 000
50,000
200,000
50,000
100, 000
75, 000
s 50,000
50,000
300,000
100,000
Receiver
appointed.
Sept. 14,1878
Sept. 25,1878
Oct. 1,1878
Nov. 1,1878
. . . .do
Dec. 20,1878
Feb. 11,1879
Mar. 15,1879
Apr. 7,1879
J u l y 18,1879
July 23,1879
June 9,1880
June 14,1880
June 19,1880
Mar. 2,1881
Apr. 22,1882
May 22,1882
Mar. 24,1883
Aug. 9,1883
Jan. 24,1884
Mar. 11,1884
Apr. 22,1884
do
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
Jan. 4,1886
Jan. 20,1886
Mar. 11,1886
Apr. 8,1886
Apr. 19,1886
May 4,1886
Aug. 2,1886
Sept. 8,1886
Nov. 20,1886
June 3,1887
June 27,1887
Aug. 17,1887
Aug. 24,1887
Sept. 8,1887
Oct. 11,1887
Oct. 17,1887
Nov. 15,1887
Feb. 10,1888
Feb. 20,1888
Apr. 2,1888
Mar. 31,1888
May 9,1888
June 23,1888
Sept. 19,1888
Jan. 14,1889
Apr. 22,1889
Dec. 13,1889
Dec. 23,1889
Dec. 30,1889
Jan. 21,1890
Feb. 10,1890
J u n e 12,1890
J u l y 14,1890
Sept. 25,1890
Oct. 2,1890
Nov. 21,1890
Dec. 12,1890
D e c 24,1890
Dec. 26,1890
Jan. 14,1891
REPORT OF THE COMPTROLLER OF THE CURRENCY.
CEIVER AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL
AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued.
Nominal assets at date of suspen-
Additional
assets received since
Estimated Estimated Estimated
date of
good.
doubtful. worthless. suspension.
S1OI1.
$39,010
21, 225
9,561
90, 953
256,286
104, 966
133,169
264, 908
68,078
23,646
12,647
115, 012
418, 951
51, 574
1,114,503
488,892
648, 710
161, 699
124,114
72,197
13, 993
217, 314
172, 940
3,496,495
31, 058
367,109
33,543
55, 763
7,519
60 096
600, 810
13,170
96, 891
1,273, 711
57,487
144, 850
48, 510
20,505
59, 810
154,879
122, 551
235,474
50, 793
15, 646
2,464,079
74,171
66,081
17,449
156, 586
208,243
580,321
1,668,952
268, 961
333, 506
152, 390
181,870
17,136
55, 535
400,003
83,776
1,898
153,262
74,662
38, 896
25,775
6,675
342,921
23,319
11,416
9,233
10,794
6,201
206,303
48,128
$76, 046
15, 543
18, 691
194,457
139, 514
101, 971
167, 503
101,178
97,257
6,734
134, 716
22, 545
64, 041
185,002
65, 526
1,416, 793
46,829
520,917
56,042
14, 500
06, 875
96, 543
816,916
27, 774
72, 356
15, 304
44,446
29, 826
22 695
53^ 692
3,874
39, 593
1, 441, 378
91, 996
138, 707
137, 859
66, 965
28, 459
26, 825
168,164
8,000
82,612
32, 092
915, 577
35,999
8,397
20, 239
119, 869
929,388
787, 598
160, 617
324, 872
176, 652
214, 560
91,153
71,124
61, 519
44,698
98,099
117,240
31,442
92,995
21,224
12,317
256, 395
77,765
101,635
27,273
50,866
42, 808
376,977
59,642
$333
46,588
42, 296
11,578
37, 923
475,052
28,969
104, 858
18,384
4,374
34, 737
12, 863
55, 895
302, 654
78, 286
696, 987
1, 397, 334
16,309
118,618
102,112
2,554
49, 951
9,688
1, 568,940
27,190
171, 319
22, 255
113, 329
29,352
167,075
62, 229
28, 010
938,816
7,291
8,094
3,821
44,909
70, 458
24, 398
5,462
6,834
4,909
8,791
2,494, 511
12, 995
159
37, 572
66, 710
60, 869
61,622
125, 236
510,790 [
15,112
137, 561
78,496
20,025
1,316
216,704
17,225
44,592
72,568
33,827
81,897
19,674
56,237
142, 551
11,646
64,792
40, 709
22,426
21, 564
55, 732
110,400
$21, 090
1,892
1, 944
33,375
61,147
29,881
17, 085
47, 591
19,560
15,017
27, 503
19,198
41,173
43 895
231,058
36, 524
436, 759
23, 640
20, 232
52, 069
1,599
70,161
32, 854
858,467
6,407
124, 054
867
212, 500
3,312
56, 057
120,368
11, 899
4,809
223, 005
57,994
69, 964
9,663
4,138
7,798
35, 202
21, 633
5,439
6,212
1,790
533,444
25, 696
17, 769
7, 252
29,391
29,177
85,471
7,111
191, 622
28, 814
8,398
69,652
3,803
46,811
94,954
20,853
1,488
7,772
2,379
5,439
3,486
8,034
26.940
8,541
6,753
14,910
1,306
877
60,733
17,149
Total
$136,479
85, 248
72,492
330,363
494,870
711, 870
346, 726
518, 535
203, 279
49, 771
209,603
169,618
580, 060
398,123
1, 608, 849
1, 287, 929
3,899, 596
248,477
783, 881
282,420
32, 646
434, 299
312,025
6, 740,818
92,429
734, 838
71, 969
426, 038
70, 009
138, 848
941, 945
91,172
169.303
3, 876,910
214, 768
361, 615
199, 853
136, 517
166, 525
241.304
317,810
255,747
144, 526
48, 319
6, 407, 611
148,861
84, 009
' 70,670
272,926
418,158
1, 656, 802
2, 588, 897
1,131,990
702, 304
475, 001
544,578
132,117
174,786
773,180
166, 552
146, 077
350,842
142,310
219,227
70,159
83,263
768, 807
121,271
184, 596
92,125
85,392
71,450
699,745
235,319
211
BANKING
Nominal
Loss on
value
assets comOffsets pounded
of
assets
or
allowed and sold under returned
to
settled.
stockorder of
holders.
court.
$7,700
178
10,947
55,255
165, 846
6,170
17,475
36,737
3,353
8,411
11, 920
3,345
154, 945
4, 902
73,925
172,063
201,268
4,376
19,171
8,971
52
9,888
5,320
904,558
5,381
32, 233
84
42, 269
5
11,140
22,189
3,411
508
188,920
584
18, 883
54,116
1,168
1,284
4,104
3,721
5,645
127
623,116
6,594
883
13,310
8,941
10, 556
164, 276
17, 528
43, 848
70,894
67,849
13,275
2,001
1,840
21,019
2,196
1,416
725
4,923
232
71, 697
751
1,476
275
162
3,901
$20,141
65, 804
8,207
118,507
42,883
521,783
101, 810
203, 982
25,729
64
106, 562
26, 043
86, 953
801
66, 364
57,521
571, 739
89,925
137,014
18, 418
16,017
39,362
1,300
38, 019
31,402
348,492
23,118
144,070
49,155
75, 679
126, 961
350
89, 506
271,121
36, 030
18, 634
106, 872
10, 211
816
76, 659
2,358
76, 736
775,857
1,057
421
23, 697
10,146
561, 946
16, 000
125,009
121,369
220,176
39,557
990
33, 240
128, 879
10,264
2,000
23,719
1,520
1,598
6,813
23, 696
10,108
272
3,000
61
100
72, 754
77, 592
71
72
73
74
75
76
77
78
79
80
81
26,439
302, 654 84
85
86
87
88
89
90
91
92
93
94
18, 517 95
96
97
98
99
100
101
41, 079 102
103
104
65,573 105
106
107
108
77,725 109
70, 715 110
38, 917 111
' 43,697 112
113
44,068 114
115
*37,'585" 116
117
118
119
133, 585 120
121
"i,"i64,"663' 122
123
124
125
161,275 126
127
"39," 557 128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
212
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF RE
SYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS,
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
Name and location of bank.
Date of
organization.
Capital
stock.
People's National Bank, Fayetteville, N. C
Spokane National Bank, Spokane Falls, Wash
First National Bank, Ellsworth, Kans
Second National Bank, McPherson, Kans
Pratt County National Bank, Pratt, Kans
Keystone National Bank, Philadelphia, Pa
Spring Garden National Bank, Philadelphia, Pa
National City Bank, Marshall, Mich
Red Cloud National Bank, Red Cloud, Nebr
Asbury Park National Bank, Asbury Park, N. J
Ninth National Bank, Dallas, Tex
First National Bank, Red Cloud, Nebr
Central Nebraska National Bank, Broken Bow, Nebr.
Florence National Bank, Florence, Ala
First National Bank, Palatka, Fla
First National Bank, Kansas City, Kans
Rio Grande National Bank, Lareao, Tex
First National Bank, Clearfield, Pa
Farley National Bank, Montgomery, Ala
First National Bank, Cold water, Kans
June 27,1872
Jan. 24,1888
Sept. 11,1884
Sept. 16,1887
Sept. 8,1887
July 30,1875
Mar. 13,1886
July 29,1872
May 10,1884
Sept. 17,1887
Sept. 12,1890
Nov. 8,1882
Sept. 28,1888
Oct. 3,1889
July 15,1884
May 17,1887
Oct. 28,1889
Jan. 30,1865
Dec. 18,1889
May 9,1887
$125,000 Jan. 20,1891
100, 000 Feb. 3,1891
50,000 Feb. 11,1891
50, 000 Mar. 25,1891
50, 000 Apr. 7,1891
500, 000 May 9,1891
750, 000 May 21,1891
100, 000 June 22,1891
75, 000 July 1,1891
100, 000 July 2,1891
300,000 July 16,1891
75,000
d<
60, 000 July 21,1891
100,000 July 23,1891
150, 000 Aug. 7,1891
150, 000 Aug. 17,1891
100, 000 Oct. 3,1891
100,000 Oct. 7,1891
] 00, 000 ....do
52, 000 Oct. 14,1891
Total.
30,620,900
Receiver
appointed.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
CEIVER,
AND
CLOSING,
SINCE THE
ORGANIZATION
OF THE NATIONAL
213
BANKING
AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued.
Nominal assets at date of suspension.
Additional
assets received since
date of
Estimated Estimated Estimated
good.
doubtful. worthless. suspension.
$101,878
314,354
102,952
7,537
24,983
575, 606
280,592
157, 652
33,823
24,089
123, 895
34,040
37, 214
27,436
157, 630
86,050
42,152
74, 758
$24,882
190,090
46,213
85, 858
56,756
996,992
555,430
38,725
118,333
32,015
229,956
41,226
91,674
80,860
214, 991
87,665
27,181
51,564
16,121
50,064
39,018,175 *29,709,708
•
$124,504
9,060
43,981
29, 718
17,166
153,913
1,485,688
641
13,635
56, 240
218,928
82,117
9,321
15,460
112,844
118,023
101,848
142,122
19,455
$22,300
70,762
1,873
2,652
863
59,742
73,909
3,479
1,962
20, 398
' 733
4,408
148
11
559
5,980
Total
assets.
settled.
$7,858
$273, 564 .
63, 565
584,266
2,320
195,019
1,356
125, 765
326
99,768
54,452
1,786,253
106,206
2,395,619
4,198
200,497
1,666
167,753
<-«<
263
132, 742
50
573,512
189
161,791
138,357
123, 767
669
486, 024
3,458
297,658
1 085
171 181
268,444
304,497
85,640
24,785,993 1 9,574,135 |lO3,392,508
Loss on
assets comOffsets
pounded
or
allowed and
8,878,996
Nominal
value
of assets
sold under returned to
order of
stockcourt.
holders.
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
$452
889
2,306
23,860,872
$3,187,164
214
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF R E
SYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS,
Collected
Loans paid
Total
assessCollected from
and other Dividends
ment
upon collections
remaining from assets.
disbursefrom
all
paid.
shareassets.
ments.
sources.
holders.
Nominal
value of
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
fll
?|2
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
6ft
70
$200
80,420
67, 835
291,357
196,790
808, 689
264,092
250,854
$75,209
120,995
174, 264
33,287
91,608
162, 386
999, 305
79,904
1 234 868
268,844
68,645
159,512
31, 566
37 908
223,169
1,394, 662
276, 649
762,760
350,154
124, 713
23,882
162,052
175, 409
512,698
548, 099
1,447,103
1,808,304
299, 357
122, 645
108,944
706, 507
56,942
74,452
58,064
91,969
67,251
30,332
298,739
196,903
188,135
42,341
22,080
22 165
48,488
73,145
80, 597
584,718
86,180
64, 071
13 707
321,851
105,703
111, 908
103,227
207,910
2, 846,622
103,235
103, 328
245,483
1,466,273
155/896
351,377
94,613
47,941
109, 801
51,107
12 061
284,438
19,742
66,185
$1,164
1,245
16,488
4,000
7,500
38, 224
2,125
28, 935
8, 936
348 961
136,172
10 079
42, 795
109, 707
228, 580
5,200
i9,675
11,400
303, 813
2," 250*
37,597
66,535
93, 619
106,451
11,269
1 100
42,212
4,510
58,826
15,552
2,664
122,127
91,930
43,232
8,044
9,540
245,108
47,949
65,132
16,455
54,536
16 447
123,430
16,500
23,622
$76,373
122, 240
190, 752
37,287
91, 608
169, 886
1,037, 529
82,029
Cf
1 234 868
268, 844
97, 580
168,448
31, 566
37, 908
223,169
1, 743, 623
276, 649
898,932
350,154
124, 713
23, 882
172,131
218, 204
622,405
776, 679
1,452,303 1, 808, 304
299,357
142,320
120,344
1,010, 320
56,942
74,452
60, 314
129, 566
67,251
30,332
365,274
196, 903
281, 754
148,792
33,349
23,265
48,488
115, 357
85,107
643,544
86,180
79,623
16 371
443, 978
197, 633
155,140
111, 271
217,450
3,091,730
103, 235
103,328
293,432
1,466,273
221,028
351,377
94, 613
47, 941
126, 256
105,643
28 508
407. 868
36,242
89,807
$275
816
935
507
17,477
7,054
18 655
72, 399
208
-15,507
3,786
2,926
4, 932
203,170
72, 365
596, 665
2,296
1,300
6,248
18,964
35,839
16,393
746,153
20, 315
4,545
3,630
4,350
14," 289*
559
296
56," 921.*
74,896
2,309
445
3,928
3,616
5 385
63,475
1,579
16,773
5,000
520
4,797
8,805
753
658,784
4,059
7,846
197,132
1,791
3,048
1,576
114,220
9,762
$70,811
101, 387
165,769
32, 305
65,335
132, 608
884,429
58, 661
1 138 870
143,307
86,737
134, 929
16,654
29,277
163, 982
1,326,487
175,920
263,065
342, 054
77, 568
15,142
143, 209
175,430
549,427
661,816
1, 374,339
747,428
259,487
125, 667
107, 258
862, 263
46, 634
57,004
31,668
101, 545
62,646
19,002
228,412
108,318
226,308
135,797
18,258
12, 624
34, 536
88, 697
65,783
545,593
60,647
59,121
9,456
388,856
173,512
136,474
89, 715
202, 753
2,165,388
81, 941
73,890
254,647
1,071,774
177,254
316,828
52, 514
33,105
107, 575
79,725
21, 710
262, 887
29, 377
66,810
Receiver's
Legal
salary and
other
expenses.
expenses.
$6," 463*
11,281
1,258
6,182
12,247
43,183
6,673
28 677
17,134
5,315
3,977
1,773
2,705
9,091
76, 648
10,437
9,436
3,085
362
6,037
16,74)0
25, 376 •
27, 330
24, 241
13,637
728
250
1,270
67,569
1,267
4,718
6,075
8,232
1,166
42,067
21,495
3,946
4,731
1,367
2,077
8,804
5,060
13, 802
592
2,200
2,751
25,040
5,146
966
2,082
1,898
79,802
2,690
11, 987
6,668
13,160
12,954
5,444
576
3,974
5,546
11,006
2,315
10,129
825
1,352
$5,562
14, 390
13,427
2,908
19,156
24,524
92,440
9,442
48 666
35, 983
5,320
14, 008
9,353
3,000
45,164
137, 318
16,713
29, 766
8,100
8,264
1,878
21, 564
19, 817
28,638
51,445
37,128
53,287
18,827
11,858
11, 362
76,858
4,691
12,291
8,278
19,230
4,309
10,164
37,874
13,689
31,642
' 8,604
10,348
9,274
7,935
10,005
8,879
19, 880
13,874
1,529
4,164
25,082
9,716
12,903
10, 669
12,046
161,036
10,919
17,251
24, 271
69,935
14,731
27, 314
1,604
5,013
13,135
13,336
4,483
4,950
6,040
11,883
REPORT OF THE COMPTROLLER OF THE CURRENCY.
CEIVER, AND CLOSING,
SINCE THE
ORGANIZATION
OF
THE
NATIONAL
215
BANKING
AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued.
Balance in
h a n d s of
Comptroller
or receiver.
A m o u n t ret u r n e d to
shareholders
in cash.
A m o u n t of
assessment
upon shareholders.
$50, 000
300, 000
200,000
50, 000
100, 000
500, 000
120,000
$199
26,000
39, 300
100, 000
21
27
400, 000
$1,214
135,000
33,500
6,500
125, 000
52, 500
350, 000
300, 000
300,000
21
249
202
247, 799
400, 000
50,000
100,000
600, 000
454
50, 000
45, 000
100, 000
439
4
500, 000
200,000
150,000
34,000
50,000
12
50
12
4,185
794
75.000
50^ 000
250, 000
9 488
8,739
26, 720
3 626
60, 000
30, 000
140, 000
132, 000
67,000
50, 000
53,000
625,000
200
72,000
114,272
16,089
200, 000
36, 871
5,849
15, 682
35,000
125,000
36,000
160, 000
50,000
100,000
Amount
of claims
proved.
$122, 089
434, 531
669, 513
82,338
376, 392
289,467
1,119, 313
127,801
1,191, 500
170,752
68,986
205, 256
33,870
69, 874
170, 012
1, 282, 254
157,120
378, 722
645, 558
79,864
15,142
254, 901
171,468
657,020
597,885
1, 619, 965
796, 995
992, 636
167,285
175, 081
1, 429, 595
67,292
144, 606
55, 872
176, 601
62 646
93, 021
1,795,992
237,824
376, 756
177 512
35,801
56,457
34, 535
91, 801
135, 952
703, 658
59 226
97,464
35,023
352,062
185, 760
175, 952
140,735
227, 355
1, 935,721
133 112
196, 356
254, 647
1,061, 598
298, 324
392 394
75,175
29, 204
118, 371
90,424
36,109
262, 887
77,104
168,048
Dividends,
per cent.
58
23.37
24.70
39.15
17. 333
46.60
79
45.90
96
88.50
100
68.33
49.20
41.90
92.70
100
100
100
100
100
100
57.46
100
84.83
100
100
100
34
76
57.50
62
73.50
39. 50
58.30
57.50
100
24.391
14. 941
66
62.56
76.50
51
22. 50
100
100
48.40
77.512
100
70
27
100
100
81.59
63.60
89.179
100
100
37. 6483
100
100
60
100
100
100
90.50
88
60
100
38.10
40.7285
Interest
dividends,
per cent.
64
46
30
50
100
1
Finaflv
closed.
J a n . 2,1867
Feb. 2,1885
May 14 1883
J u l y 28 1870
Feb. 4,1870
Nov. 25,1882
Sept. 28,1882
Dec. 19,1874
Nov. 18,1874
Aug. 15,1872
Apr. 7,1881
Nov. 30,1872
Nov. 25,1882
Dec. 4,1875
May 16,1884
Apr. 20,1882
Nov. 16.1874
Sept. 1,1875
Feb. 13,1872
Oct. 2,1877
Jan. 3,1876
Feb. 15,1886
J a n . 8,1880
J u n e 1,1881
Apr. 29,1884
J u l y 24,1876
Mar. 31,1883
May 1,1876
May 15,1876
Nov. 30,1883
Mar. 21,1887
Dec. 6,1882
Sept. 11,1878
J u n e 2,1883
Sept 18 1876
May 14,1879
Nov. 20,1883
Mar. 19,1879
Apr. 5,1886
J u n e 2,1884
Mar. 4,1886
Mar. 28,1883
Feb. 28,1878
Jan. 31,1881
100
J u l y 20,1882
Feb". 28,1885
May 23,1888
100
J u l y 14,1880
Nov. 25,1882
38.50 Aug. 11,1884
Sept. 14,1881
100
Jan. 13,1883
J u l y 23,1881
J u n e 10,1880
Mar. 26,1888
100
Oct 15,1881
100
Oct. 5,1885
Mar. 3,1882
100
1
2
3
4
5
6
7
8
q
10
11
12
13
14
L5
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
3?
33
34
35
37
38
40
41
42
43
44
45
4ft
47
4H
49
5(1
51
5?
53
54
5fi
5fi
58
5fl
61
100
100
J u l y 6,1881
Mar. 9,1882
Aug. 5,1879
J u n e 20,1882
Mar. 9,1885
Sept. 7,1885
J u l y 5,1879
Mar. 24,1885
Feb. 12,1889
64
fifi
6f
«7
6?
fid
7C
216
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INSOLVENT
NATIONAL BANKS, DATES OF OKGANZATION, APPOINTMENT OF R E
SYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS,
Nominal
value of Collected
remaining :"rom assets.
assets.
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120!
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
$30 065
32 519
160, 448
11 877
101,952
601,750
1,997,306
4,157
412,907
109,416
251,943
45,030
1,640, 291
59,334
26,023
155,259
231,498
1,425,413
78,517
3,300
2,490,553
38,409
103,971
21,005
533,343
286,574
109,762
"ii6,499
78,354
122,670
285, 803
27,140
178,396
49, 612
57,131
229,817
83,800
148,435
82,815
$78, 573
19,266
20,819
156,601
125,693
183,917
157,782
205,062
96, 605
29,419
91,121
113,791
338,162
89, 766
1,366,608
456,595
1,129,283
150,019
214,78§
145, 615
16, 577
133,106
260, 375
4,157, 950
37,129
294,779
22, 744
84,440
20,849
52,029
561,297
46, 332
79,289
1, 991,456
148, 611
245, 704
48,566
28,477
77,305
165,669
198, 513
204,047
64,363
14, 251
2,518,085
104. 682
82| 069
18, 530
136,317
263, 871
909, 575
1,391,306
429, 790
223, 467
186.976
330,471
19,364
100,149
506, 783
75, 738
21,407
65,039
90,035
38,586
14,026
19,087
443, 597
36,720
24, 577
9,038
Collected
rom assessment upon
shareholders.
$1,810
2,880
16,277
52,361
80,257
'54*950
4,677
23,001
267,*3li
1
64,655
495, 550
13,450
728,875
8,321
123,919
5,190
23, 732
12,842
64, 650
272,474
19,169
76,936
18, 869
94,200
23,503
142, 721
50,000
1,400
162,130
58, 304
15,730
36, 700
1,180
"298,*629
18,135
1,800
34,630
248,662
72, 577
37,900
50,229
32,500
40,560
9,350
720
21,040
31,669
Loans paid
and other Dividends
disbursepaid.
ments.
$69, 437
16, 670
11,803
100, 870
87, 260
182 572
137,428
166, 587
88,176
20,998
82, 060
96,176
10, 037
528, 305
99, 847
1,790, 932
389,222
1,910 j
193,441 ! 1.462, 248
127,863
268,450
81,121
5,099
26, 809
3,392
72,967
17,502
17, 527
260,191
500,975
3, 615,411
39, 812
275, 684
25, 006
117, 289
8,807
59,057
521,012
86, 263
59,461
1,823,749
131,024
188,482
22,558
52,402
66, 394
135, 574
117,878
82, 946
50, 597
9,492
2,162, 337
86,442
80,120
$2,125
272
1,633
47,315
52, 092
49,466
2,021
57,745
53
10
8,420
156, 708
255,495
1,084, 638
400, 998
412, 601
217, 660
172,909
318,554
7,253
93,051
456, 667
69, 821
9,181
45, 953
50, 576
13, 632
11, 828
415, 972
42, 392
50, 586
Receiver's
salary and
Legal
other
expenses.
expenses.
$634
1,488
850
3,838
11,623
5,385
10, 245
1,792
7,167
3,225
19, 338
2,973
46, 755
43, 252
77, 327
8,856
19, 723
9,652
2,223
8,599
10, 266
105,149
4,745
5,168
2,602
26,185
52
5,012
46, 049
1,825
5,010
78,461
192
2,855
5,372
1,840
1,155
1,425
198
324
69,059
1,990
7,152
4,825
1,269
882
24, 602
630
18,933
3,555
2,988
1,810
1,292
1,923
3,561
2,032
4,739
1,878
1,492
100
137
1,014
103
998
805
$8,187
3,716
3,005
8,176
21,147
32,136
12,119
24, 551
7, 517
11,296
16,475
6,739
22, 690
10, 832
24,392
33, 632
103,955
„ 18,177
42,172
26,371
7,885
23,432
19, 710
169, 758
11,029
26, 828
12,978
13,190
5,475
9,440
24.638
8,244
16,215
69,438
2,314
22, 713
14,380
10, 299
6,607
7,321
5,208
4/279
11,401
1,348
55,991
8,463
4,802
7,293
8,614
3,988
28.639
11,572
22,981
13,282
9,096
4,622
9,001
3,348
12,468
7,285
3,328
6,720
4,473
4,590
3,698
2,386
9,059
2,870
2,861
1,462
REPORT OF THE COMPTROLLER OF THE CURRENCY.
217
CEIVER, AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL BANKING
AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued.
Amount
Balance in
Amount of
hands of
returned to assessment
Comptroller shareholders upon shareor receiver.
in cash.
holders.
$21,500
17,000
$3,420
12,679
5,932
884
859
50, 000
130,000
121, 750
160, 000
10, 000
50, 000
7,651
25,103
40,769
79
2,029
21,187
3,444
8,363
28,562
23,448
17,331
39,131
712
1,027
15,617
50,000
200,000
50,000
50,000
300, 000
130
95,665
3
9,018
300,000
75,000
500,000
100,000
961, 000
50, 000
200,000
60, 000
50,000
100, 000
75,000
400, 000
25, 000
250,000
32,500
100, 000
14,850
7,486
7,162
11
100,000
50,000
50,000
3,149
5,172
75, 229
10,074
3,545
50,000
3,329
" 467," 264*
7,787
8,130
7,435
3,837
3,052
i, 666,666
19, 500
50,000
60,000
2,489
300,000
41,355
21,060
150,000
100,000
100,000
4,316
1,816
24, 781
4,011
12,163
1,023
6,994
5,043
4,386
2,051
8,746
2,550
921
2,915
75,000
50,000
50,000
65,000
12,500
20,000
40,003
80,000
25,600
Amount of
claims
proved.
$70,191
27,801
32,449
156, 260
282, 370
197,353
128, 832
132,461
81,801
21,182
108, 385
93,625
580, 592
104,749
2,654,690
894,767
2,397,129
186,993
422,772
202,801
46,441
294, 521
241,521
4,531, 213
36,526
365,931
26,322
409,930
8,131
84,978
651,274
86,258
140,333
2,895, 515
127,524
171,581
62,162
112,135
63,669
130,772
116, 626
80,452
108,175
9,379
4,324,674
82,156
75,343
152,640
174,120
247,920
1,129,714
398,236
825,211
435,319
326,222
311, 028
48,338
90,136
456,667
107,427
3,561
61,214
57,441
72,251
22,720
29,569
462,192
56,637
80,897
12,616
Dividends,
per cent.
98.925
60
100
100
50
100
100
100
100
99.133
81
100
100
160
67.405
43.50
61
70
67.50
40
81.10
25
100
80
100
75.25
95
28.50
100
69.50
80
100
42.37
63
100
100
40
47
100
100
100
100
45
100
50
100
100
90
100
96
100
50
50
53
100
15
100
100
15
80
70
60
40
90
76
62.60
Interest
dividends,
per cent.
$100
100
42.30
10Q
100
100
100
100
100
Finally
closed.
Feb.
Apr.
Oct.
Mar.
12, 1889
8, 1881
10, 1879
15,1881
Mar. 1, 1884
Jan. 17, 1881
Apr. 24,1886
Aug. 1, 1881
Feb. 6, 1883
Aug. 6, 1887
Feb. 4,1882
Feb. 18, 1885
Oct. 12, 1885
Oct. 25, 1886
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
100
100
Sept. 25,1889
Sept. 30,1890
100
Oct. 29, 1885
Jan. 22,1890
100
Feb. 10,1888
Sept. 30,1890
100
100
June 1, 1886
Sept.14, 1891
100
100
100
100
Mar.
Mar.
Aug.
Feb.
Apr.
100
Oct. 17,1887
100
100
July 11,1889
Mar. 5,1891
20,1890
2,1888
18,1887
17,1887
30,1887
100
Oct. 20,1888
"ioo*
June il\ 18*88
100
Jan. 15 1891
Jan. 21J1889
"ioo"
Apr. 24,1890
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
218
REPORT OF THE COMPTROLLER OF THE CURRENCY.
INSOLVENT
NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF R E
SYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS,
Collected
Total
Nominal
Loans paid
assess- collections
Collected from
value of
and other Dividends
ment
upon from all
remaining from assets.
disbursepaid.
sharesources.
aasets.
ments.
holders.
141
142
143
144
145
146
147
148
149
150
J51
352
153
154
155
156
157
158
159
160
161
162
163
164
$57,217
$24,900
66,783
4,444
539,969
155,775
207,717
27,514
230, 891
34, 363
459,168
61, 533
151, 887 •
40,812
104, 584
19, 825
82,189
17, 253
1,549,308
181,604
2,109, 043
180, 370
107.118
86, 875
154, 566
11, 521
125, 652
6,827
538,076 * 35,386
154, 695
6,907
136, 719
1,638
120, 898
2,200
478, 817
3,749
270,525
26,048
171,181
268, 444
304,497
85,640
$53,348
22,858,915 44,606, 561 $6,621,409
$24,900
4,444
155,775
27, 514
34,363
61, 533
40,812
19, 825
17, 253
234,952
180,370
86, 875
11,521
6,827
35, 386
6,907
1,638
2,200
3,749
26,048
51,227, 970
$5,031
1,387
89,141
9,919
598
4,756
9,486
12,891
2,888
3,358
7,416
8,000
1,262
2,740
18,153
850
948
1,481
1,178
648
$13,732
33, 350
14,711
22, 605
42, 588
16,183
5, 874
77, 511
5,874, 200 $38,629,123
Receiver's
Legal
salary and
expenses.
other
expenses.
$85
274
1,092
557
41
1,738
89
88
478
617
68
17
3
22
1, 524, 752
$1,252
1,044
4,515
1,519
2,390
2, 946
1,816
1,082
1,139
11, 592
10, 262
1,195
418
523
1,899
393
312
567
301
479
2,809,094
REPORT OF THE COMPTROLLER OF THE CURRENCY. 219
CEIVER,
AND CLOSING, SINCE
THE ORGANIZATION OF THE NATIONAL
BANKING
AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued.
Balance i n
hands of
Comptroller
or receiver.
Amount returned to
shareholders
in cash.
$4,800
1,739
27, 677
808
8,729
9,505
13,238
5,764
6,874
219,385
162,624
152
9,841
3,561
15,334
5,664
378
130
2, 270
24,921
1,559, 622
Amount of
assessment
upon shareholders.
$500,000
$831,179
15,173, 050
Amount
of claims
proved.
$30,516
18, 543
168, 670
98,117
113,023
283, 922
107,886
34,955
32, 687
480,110
1,047, 890
155, 022
86, 436
8,045
40, 650
24,156
37,684
22,221
158,166
18, 546
$57,792,028
Dividends,
per cent.
55
20
15
20
15
15
20
50
Interest
dividends,
per cent.
Finally
closed.
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
220
REPORT OF THE COMPTROLLER OF THE CURRENCY.
T A B L E SHOWING THE AMOUNT OF DIL\I<TS D R A W N r>v
Keserve cities.
New York
Chicago
Boston
Philadelphia
Kansas City
Cleveland
Baltimore
Cincinnati
Pittsburg
St. Louis
Omaha
Detroit
Albany
St. Paul
New Orleans
Minneapolis
Milwaukee
Louisville
St. Joseph
"Washington
Des Moines
San Francisco
Brooklyn
Total.
Reserve cities.
New York
Chicago
Boston
Philadelphia
Kansas City
Cleveland
Baltimore
Cincinnati
Pittsburg
St. Louis
Omaha
Detroit
Albany
St. Paul
New Orleans
Minneapolis
Milwaukee
Louisville
St. Joseph
Washington
Des Moines
San Francisco
Brooklyn
Total.
NATIONAL BANKING ASSOCIA.
On
On Chicago. On St. Louis, i On Boston.
New York.
$11,427,570
664, 512, 872
709, 240, 027
369,221,119
161, 740,162
264,310, 389
217, 596,049
178,724,488
166,180,779
180,191,169
119,157,265
113,096, 537
128,463,210
73,450,444
115, 324,617
52,386,949
30,142,935
51,870,599
29,267,426
43,864, 887
12, 546,821
23,076, 239
784,000
$82,822
222,499, 995
2, 303, 527
658, 366
72, 527, 858
11, 048, 040
68, 334
12, 895, 728
10,297,358
24,122, 397
74, 882, 966
12, 368, 454
50, 748
32,680, 687
1, 876,125
33,077, 458
32.930, 400
2, 245, 226
6, 878,186
101,411
20,159, 722
2, 241, 668
$10,636 ! $69, 007,120
4,800,751 i
66,170, 038
7,021 ' 108, 626, 068
10, 531
18, 804, 456
66, 358, 648
5,494, 500
848, 059
4, 862, 300
7, 500
3, 549, 024
5, 069, 596
4, 659,194
47, 574
2, 264,714
5,920, 306
3, 005,367
10,008, 713
6,735, 574
97,500
3, 581,124
2, 219, 835
1,3hV, 841
1, 385, 291
649, 674
, 4,365,213
100
1,141,200
13,
290, 595
1,161, 695
590,224
404,677
340, 044
1, 007, 693
3,716,566,553
575,997,476
96,591,768
313,834,333
On
Cleveland.
$5,466,630
1,737
On
Detroit.
5,552, 705
On
On Mil- On Kansas
waukee.
City. St. Joseph
$9,470
129,077
$251,706
7,000
31, 797
$1,500
1,664,421
921
$129,500
"116*143"
2,885,469
753,751
315,750
611,010
"26," 800"
625, 666
**2i"666
92,800
60
:, 652,510
198,076
33,000
4,162,757
117, 567
189,887
48,000
235,000
185,100
71,620
4,797,000
1,305, 705
73,142
9,669,413
1,161,700
5,590,414
11,565,874
1,435,205
REPORT OP THE COMPTROLLER OF THE CURRENCY.
221
TIONS IN THE SEVERAL RESERVE ClTIES, DURING THE YEAR ENDED JUNE 30, 1891.
On Albany.
$200
347,000
347, 200
On
Pittsburg.
On
Philadelphia.
$6,675
1,400, 026
50, 549
928, 664
$10,853,868
25,824, 919
6,797, 873
15,854,607
146,229
5, 306,939
29,295, 776
5,184, 903
23,875, 430
2,131,231
8,500
912,668
1,035
500, 509
29,170
99, 000
1,171,050
85, 634
2,020, 270
19,974, 866
272, 370
On
Baltimore.
On Washington.
$471,540
6,962,413
1,727, 256
1,310,812
18,920
276,472
2,592, 384
3,996,211
1, 985, 750
200, 582
$3,126
51,000
500
26,830
On N e w
Orleans.
$62,201
111, 132
On
On
Louisville. Cincinnati.
$235
36,200
1,907
250,000
17
1,351
23, 338
245, 304
719,235
1, 754,556
7,151,931
286,399
1,555,400
1,805,771
I1
92,662
3i5, 559
164,620
152,949
4,000
1,655,239
165,721
39,113
10,000
2,145,095
20,000
128, 998, 289
26,177, 386
21,840, 384
374,098
On
On St. Paul.
On Omaha. Brooklyn.
On Minneapolis.
On San
Francisco.
$612"
2,230
300,000
$106,464
428,181
316,867
32,499
315, 437
$12,702
5,000
$7,500
1,320
20,250
3,273,573
OnDes
Moines.
36
386,000
56, 694
1, 004,403
10,544,227
145,045
9,031,533
On all other
locations.
$325,172
14,863,026
549, 039
5, 744, 251
16,158
493, 202
$50,000
858,507
282,048
2,244, §42
153,014
317, 836
100,000
784,431
120,343
1,837
107, 831
1,850,881
19,129, 061
772,176
500, 000
16,500
13,689
101, 732
1, 592,013
$334, 000
334,000
19, 641, 202
11,233,105
2,292,229
261,808
129,000
3,183,073
374,542
1,237
2,245,878
$6,308
3,247,192
21, 721
12,142
423,500
3,302, 320
12,015
267,530
1,370, 290
776, 911
170,343
29,070,486
14,839,831
Total.
$92,787,609
1,018,432,079
829, 641,060
412,651,206
307, 704, 754
292,341,307
253, 512,102
227,755,869
227,189, 925
217,636,298
213,748,926
135, 999,011
132,096,117
125,307, 350
119, 636,353
111, 026,129
64, 779, 622
60,841, 654
48,291,022
48,251,748
33,802, 532
28,131, 600
1,118, 000
5,002,282, 273
222
REPORT OF THE COMPTROLLER OF THE CURRENCY.
TABLE SHOWING THE AMOUNT OF DRAFTS DRAWN BY NATIONAL BANKING ASSOCIA
SERVE CITIES, DURING THE
States and Territories.
Massachusetts
New York
Pennsylvania
New Jersey
Connecticut
Illinois
Texas
Rhode Island
Ohio
Iowa
Michigan
Indiana
Colorado
Maine
Nebraska
Kansas
Tennessee
New Hampshire....
Wisconsin
Virginia
Vermont
California
Washington
Minnesota.. Georgia
Kentucky
...
Oregon
Montana
Alabama
Missouri....
^.„
North Carolina
Florida
Maryland
South Carolina
Delaware
West Virginia
South Dakota
Mississippi
Arkansas
North Dakota
Utah
New Mexico
Louisiana
Wyoming
,
Idaho
District of Columbia
Arizona
Nevada
Indian Territory
Oklahoma
r...
-
Total.... *
B y banks in reserve cities.
Grand total
On
New York.
On Chicago. On St. Louis. On Boston.
$1,270,456
$198,959, 935
227, 651
694,127,300
892, 017
248, 749,410
474, 546, 790
573," 034"
384, 480, 563
129, 860, 585 211,483,127 $26,634,405
3, 352,581
33, 890, 689
185, 838, 827
5,000
172,546, 722
4,163, 312
138,615
212,485, 209
3, 400, 035
91,175,100 166, 686,446
58, 723, 342
107,190, 111
36, 088,101
1, 755, 631
124,182,211
13,749,633
8, 090, 521
110,573,233
30, 775, 489
25, 558, 040
521, 698
51,497, 219
11, 620, 635 12,518, 337
72,686,155
2, 020, 824
4, 679,853
113, 734, 001
6,121,196
27,877, 602
15,152, 471
334, 398
76,134,129
39,216, 992
4, 360, 245
800,014
22, 788, 345
6,648,132
38,080, 273
145, 242
29,847,636
25,517,592
214, 000
81,383,549
6,326
25,511, 604
111, 706
724, 780
26,433,159
3,839, 667
297, 649
37,364, 581
8, 474, 225
1,057,564
54, 908, 981
208, 898
511, 999
11,885,608
6, 947,099
30,557, 691
33,280, 702
33,121,246
221,362
9,983
8,585, 281
39, 786,408
6,834, 238
14,656,484
1,100
12,805,802
12, 660, 622
18,406, 923
1, 056, 211
9,259
11.448, 297
10, 763,178
1,312, 519
9; 548, 217
1,375,638
15,407,576
312,1&)
1, 963, 996
11, 725,848
1,012,364
796, 366
6,982, 710
1,372, 557
1, 652
4,663,997
1,634, 642
4, 680,711
832,127
3,774, 672
70,932
1,103,444
74,360
81,813
304,750
1,166, 646
367,591
395,170
66*203
68,391
$616, 224,437
16,304,661
3, 530, 962
3, 217,907
• 43,514,133
6, 012,627
517,908
128, 390,479
2,108,810
3,382,944
4, 930,002
937, 469
754, 292
140,375, 599
1, 043, 473
940, 218
371,693
135,326, 348
360, 311
1,621, 236
63,321, 827
924, 528
527,325
511,805
436,166
12,-031
517,373
924,950
132,483
70,000
215,129
172, 669
430,218
55,057
9,003
20,000
96,488
660
188,888
678, 696,465
575,997,476
141,3J6,242 1,178, 431,909
96,591,768 | 313,834,333
7, 836, 208, 2501,254,693,941
237,908,010 11,492,266, 242
4,119,641, 697
3,716,566,553
REPORT OF THE COMPTROLLER OF THE CURRENCY.
223
TIONS, IN THE SEVERAL STATES AND TERRITORIES, EXCEPT BY THOSE LOCATED IN R E YEAR ENDED JUNE 30, 1891.
On Albany. On Philadelphia.
$927,762
25, 672,756
$45, 400
2, 756, 010
268,421, 530
62,429, 845
221, 000
4, 931,468
1, 305, 222
419,145
5, 889, 869
156,487
185,177
....
.....
On Pittsburg.
$186,000
109,719, 737
On Baltimore.
On "Washington.
On New
Orleana.
On Louis- On Cincinville.
nati.
$14,725
4,197,102
411,400
$5,000
232, 242
195,000
52,958
8,151,821
624, 880
1,948
$30,281
12, 631, 897
$371, 244
37, 611
7,068, 551
21, 908
208, 428
97, 724 17, 436, 437
52, 389,787
118,772
1,282,336
28, 839, 826
9, 205, 698
8,125, 259
133,055
178,150
257,000
33 000
481, 206
147, 680
8,200
12,246, 542
21, 435, 393
2,560, 990
323, 027
66,080
2,107, 645
39,61©
16, 353
59, 630
270, 094
342, 841
277, 688
4,006,612
1,461, 531
8, 969.112
625, 743
32, 948, 406
1, 621,986
4,386,402
64, 000
180,132" 24, 231,315
648,740
548, 372
2, 388, 401 8, 217,092
169 813
60, 608
$393,432
28, 325
1, 264, 942
4,331, 009
68,960
•
89, 066
11,453
701 17, 054, 619
38,885
29,236, 690
2, 367, 969
1, 608,978
17, 057
1,048,389
487, 073
498, 721
6, 629, 931
1, 258,886
281,987
182,483
50,666
4, 366, 531
29,448
27, 258
42,360
6, 265, 035
525,140
272,126
30,368
12, 797
14, 339
26,600, 518
347,200
412 335,174
128,998, 289
121,036,453 65, 961,730
26,177, 386 21, 840,384
4, 277, 048 34, 245, 014 47, 025, 272 133, 886, 381
374,098 3,273, 573 9,031, 533 41, 839,831
26,947, 718
541,333,463
147, 213, 869 87,802,114
4, 651,146
299,927
37, 518,487
56,056, 805 148, 726, 218
224
REPOET OF THE COMPTROLLER OF THE CURRENCY.
T A B L E SHOWING THE* AMOUNT OF D R A F T S DKAVVN B Y NATIONAL BANKING ASSOCTAsi:m E CITIES, DURING THE YEAK
On Cleveland.
States and Territories.
Massachusetts
New York
T^pnnsvlvania
New Jersey
Connecticut
Illinois
Texas
Rhode Island
Ohio
Iowa
•
Michigan
Indiana
Colorado
Maine
Nebraska
Kansas
Tennessee
New Hampshire
"Wisconsin
On
Detroit.
On Milwaukee.
On Kansas
City.
On St.
Joseph.
- - -. $205,081
779, 900
-
$58,4S9
7,150, 500
17,536, 551
$118,462
. . . . . .
1,158,013 53, 724,307
30, 500
545,444
$i," 971* 495*
4, 630,197
10, 978, 974
119, 398
25,772
3, 093,767 3, 269, 577
53,961, 285 2,773,747
715,059
15,990
.'.
Vermont
California
W ashington
Minnesota
Georgia
Kentucky
Oregon
Montana
Alabama
Missouri
North Carolina
Florida
Maryland
South Carolina
Delaware
West Virginia
South Dakota
Mississippi
Arkansas . .
^»
North Dakota
Utah
New Mexico
Louisiana
"Wyoming
Idaho
District of Columbia
Arizona
Nevada
Indian Territory.. . . . .
Oklahoma
Total..
By banks in reserve cities
Grand total
77, 458
34,154
242,336 ""$166,824"
22, 061,078
4,177
1, 812, 315
28 300
680,564
238, 871
6,000
361 986
63,515 .
9, 935,184
2, 048,410
244,142
331
979,584
3 155 820
34,000
24,569
132, 000
422, 534
978,994
19,803,824 54,388,213 30,479,262
9, 669,413 1,161, 700 5, 590,414
92,797,340
11, 565, 874
9,121,015
1,435, 205
29,473,237 55, 549,913 36, 069,676 104, 363,214 10,556,220
REPORT OF THE COMPTROLLER OF THE CURRENCY.
225
TIONS, IN THE SEVERAL STATES AND TERRITORIES, EXCEPT BY THOSE LOCATED IN RE-
ENDED JUNE 30, 1891—Continued.
O n Omaha.
O n Brook, O n St.Paul. O n MinneO n San
apolis.
lyn,
Francisco.
O n Des
Moiues.
$15, 000
$1,599
$544 433
$1, 012,983
18, 297
92,673
3,778,270
$978,481
58,201
163, 590
844, 638
7 663 100
60, 431
1,200
75,252 713
385, 952
$2,120, 803
326, 204
4, 023, 631 2,137,489
456, 680
194,493
162, 874
3, 526,419
502, 488
47,496
58 483 703
145,163 15, 232, 910
5, 659, 289
55, 510 25,181,498 8, 576, 297
2, 992, 317
6, 002, 733
472, 963
111, 619
1,117,173
1,144,426
10,148, 366
4, 566, 804
i,62i,405
I
3, 088, 705
41, 932 i9,853, 640
739,129 2, 042, 747
4,446, 398
1,491, 826
29,768
2,771 263
1, 883, 376
1,383, 214
1,431,316
1,474, 928
On all other
locations.
Total.
$574, 928 $818, 017, 643
2, 488, 778 741, 983, 237
733, 512
637, 422, 602
540, 605, 942
428,
790, 755
2,025
4, 984, 611 391,917,187
347,
699,
375
102, 407, 799
326, 295, 972
24,934, 626
313,
374,192
9, 524, 284
6, 222, 640 281, 542,619
233, 687,986
1, 973,180
10, 553. 992 221,086,925
176, 871, 574
24,097^ 785
5, 302, 424 176,479, 284
167,410,
740
6, 823, 822
159, 419, 341
.4,189, 618
152,
719,395
8. 898, 913
141, 525, 565
78, 021
123,070, 8-76
1,046, 578
3. 934, 404 118,001, 654
103,
244, 799
221, 000
96, 342,665
8, 063, 277
94,194,
996
27,027,713
92, 531, 690
748, 957
88,
208,
733
3, 792,802
77, 307,129
4, 331, 661
70,
335,
904
12, 455,409
65, 765, 034
8, 043,452
65, 046,139
3, 706, 916
62, 225, 888
851, 896
47,131,
898
5, 309, 857
43, 546, 212
7, 424, 807
43,454, 874
224,092
42, 705, 672
1,472,112
40, 761, 234
34,414, 274
3,078,175
33, 215,067
3, 835,871
29,079, 559
2,082,242
27, 905, 777
2, 415,143
26,574, 478
915, 453
26, 227,052
1, 572, 949
20,142, 533
1, 568, 099
15, 282, 986
630, 664
11,891,088
932,594
10, 735, 684
2, 347. 806
4,111, 908
10; 173
3,494,472
682, 420
2, 237, 907
376, 416
2, 090, 873
134,102
1,800,833
298, 075
102,116, 242 1, 437, 976 56. 296,456 18,551, 512 106, 037, 567 2,120, 803
170, 343
334, 000 19; 641, 202 11, 233,105 2, 292, 229
2, 245, 878
323, 326, 073 7, 779, 930, 222
29, 070, 486 5, 002, 282, 273
104, 362,120 . 1, 771, 976 75,937, 65829, 784, 617 108, 329, 796 2, 291,146
352, 396, 559 12, 782, 212, 495
11167—-15
22b
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT SHOWING, BY GEOGRAPHICAL DIVISIONS, THE AMOUNT OF DRAFTS
AND UPON BANKS LOCATED ESLEWHERE
Divisions, States, and Cities.
New England States.
Massachusetts
Boston
,.
Connecticut
Rhode Island
Maine
New Hampshire
Vermont
Total.
On New
York.
On C h i c a g o .
On St. Louis.
On Boston.
$198, 959, 935
709, 240, 027
384,480,563
±72,546, 722
30,775,489
6,121,196
39,216,992
$1,270,456
2, 303, 527
573, 034
5,000
1, 541,340, 924
4,152, 017
694,127, 300
11,427,570
128,463, 210
784, 000
248,749,410
369, 221,119
166,180, 779
474, 546, 790
8, 585, 281
217, 596, 049
3,774,672
43,864, 887
6, 834, 238
227, 651
82,822
50,748
10,636
16, 304,661
69, 007,120
3, 581,124
892,017
658, 366
10,297,358
10,531
47,574
3, 530,962
18, 804,456
2,264, 714
3,217,907
68, 334
7,500
3, 549,024
$7,021
$616,224,437
108,626,068
43,514,133
128, 390,479
140,375,599
135, 326, 348
63, 321,827
7,021 1,235,778,891
Middle States.
New York
New York City...
Albany
Brooklyn
Pennsylvania
Philadelphia
Pittsburg
New Jersey
Maryland
Baltimore
District of Columbia .
Washington
Delaware
Total.
"ioi*4ii
404,677
430,218
2, 374,155, 305
12,378,707
76,241
121,094,863
Texas
Tennessee
Kentucky
Louisville
Louisiana
New Orleans .
Virginia
Georgia
Alabama
North Carolina...
Florida
South Carolina ...
"West Virginia
Mississippi
Arkansas
185,838,827
113,734,001
25,511,604
51,870,599
6, 902, 710
115,324,617
76,134,129
81, 383, 549
54,908,981
33, 280, 702
33,121,246
39,786,408
14, 656,484
18,406, 923
11,448,297
3,352,581
2, 020,824
111, 706
2, 245, 226
1, 652
1,876,125
33, 890, 689
4, 679, 853
724,780
1,161, 695
1,372, 557
649, 674
517,908
371, 693
12,031
290,595
Total.
Southern States.
Western States.
Illinois
Chicago
Ohio
Cleveland
Cincinnati —
Missouri
Kansas City.
St. Louis
St. Joseph
Nebraska
Omaha
Michigan
Detroit
Minnesota,
St. Paul
Minneapolis.
Iowa
DesMoines..
Indiana
Wisconsin
Milwaukee..
Kansas
South Dakota —
North Dakota...
Total.
6,326
511,999
1,385,291
1,621,236
436,166
132,483
70, 000
215,129
172,669
55,057
221,362
9,983
1,100
9,259
1,312,519
1, 056,211
10, 763,178
9,003
862, 389, 077
11,361,252
54,826,945
5,289,261
129, 860, 585
664, 512,872
212, 485,209
264,310, 389
178, 724,488
11,885, 608
161,740,162
180,191,169
29, 257, 426
51, 497, 219
119,157,265
107,190, 111
113, 096,537
29,847, 636
73, 450,444
52,386,949
91,175,100
12, 546, 821
124,182,211
27, 877, 662
30,142,935
72, 686,155
12, 805,802
9,548, 217
211,483,127
222,499, 995
4,163, 312
11, 048, 040
12,895, 728
6, 947, 099
72,527, 858
24,122, 397
6,878,186
25,558, 040
74, 882, 966
58, 723, 342
12, 368, 454
25,517, 592
32, 680, 687
33, 077,458
166, 686,446
20,159, 722
36, 088,101
65, 152,471
32,930,400
11, 620, 635
12, 660, 622
1, 375, 638
26,634,405
4, 800, 751
138,615
848, 059
5, 069, 596
30, 557, 691
66, 358, 648
6,012, 627
66,170,038
2,108, 810
4, 862, 300
4, 659,194
3,400, 035
590, 224
1, 755, 631
334,398
13,100
12, 518, 337
1, 043,473
3, 005, 367
4,930, 002
6, 735, 574
511, 805
2, 219, 835
4, 365, 213
3, 382, 944
340,044
937,469
360, 111
1,141,200
940,218
2,760, 558,972 1,182, 048, 316
170,771,947
125,161,030
5,552,705
520., 698
10,008, 713
97, 500
214, 000
1,357,841
5,494,500
5, 920, 306
20, 000
REPORT OF THE COMPTROLLER OF THE CURRENCY.
227
DRAWN BY NATIONAL BANKING ASSOCIATIONS UPON BANKS IN EACH RESERVE CITY
DURING THE YEAR ENDED JUNE 30, 1891.
O n Albany.
$927,762
927,762
25,672,756
200
25, 672,956
347, 000
O n Philadelphia.
O n Pittsburg.
O n Baltimore.
On Washington.
On N e w
Orleans.
O n Louis- O n Cincinville.
nati.
$45, 400
6,797, 873
221, 000
419,145
$50, 549
$14,725
1, 727, 256
$500
7,483,418
50, 549
1,741,981
500
2,756,010
10,853, 868
1,035
186,000
6,675
471, 540
3,126
$62, 201
$235
6,308
268,421,530 109, 719, 737 4,197,102
15,854,607
928, 664 1,310,812
23,875,430
19,974,866 1, 985,750
62,429, 845
411,400
8, 969,112
180,132 24,231, 315
29,295,776
85, 634 2,592, 384
12,797
14, 339
1, 655, 239
10, 000 2,145, 095
32,948,406
548, 372
5,000
26, 830
1,907
17
286, 399
393,432
12,142
1, 370,290
131, 091, 708 37, 908,109
1,643,163
1 305 222
481,206
39, 649
315,559
147, 680
277, 688
152,949
8,200
29,170
12,246,542
2,107, 645
270,094
4,006,612
1,461,531
625, 743
1,621,986
60, 608
21,435,393
342, 841
169, 813
4,386,402
64, 000
648, 740
2,388,401 8.217,092
2, 560,990
24,571, 567
2, 553, 021 35, 842, 598
4,931,468
25, 824, 919
5, 889, 869
5, 306, 939
5,184, 903
232, 242
1,400, 026
8,151, 821
1,171, 050
2, 020, 270
146, 229
2,131, 231
272,370
12, 015
20,250
64,108
286, 651
12,631,897
37,611
4, 331, 009 9, 205, 698
701 17,054, 619
4,000
374, 542
6, 265, 035
11,453
2, 367,969
28,'325"
"""487,073*
29,448
27,258
89, 066
1,608,978
50,000
498, 721
1,814,437
21,908
8,125, 259
29,236,690
3,183,073
30,368
261,808
68,960
38, 885
1, 048, 389
42, 360
281,987
182,483
4, 366, 531
525,140
272,126
2, 658,221 34, 358,496 29,009,163
47,221,497
6, 629,931
1, 258,886
52, 958
51, 000
30, 281
111, 132
245, 304
719,235
18,920
200, 582
371, 244
36, 200
208, 428
1,351
7,151, 931
250,000
1,754, 556 ' "l,"555," 400*
7,068,551
3, 247,192
52, 389, 797
3, 302,320
267, 530
423,500
776, 911
33, 000
257, 000
8,500
912,668
66, 080
500, 509
99, 000
156, 487
165, 721
185,177
195,000
6, 962, 413
624,880
276, 472
3, 996, 211
21, 721
1, 264,942
23, 338
299,927
20, 000
457, 073, 655
164,620
$21,721
i, 282,336
1,805,771
92, 662
133,055
1,948
97,724 17,436,437
178,150
118,772
28,839,826
129,000
347,000
51,766,700
13,518,591
12,309,426
349, 262
3,095,983 26,760,991
99,651,506
228
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMEMT SHOWING, BY GEOGRAPHICAL DIVISIONS, THE AMOUNT OF DRAFTS
AND UPON BANKS LOCATED ELSEWHERE DURING
Divisions, States and Cities.
Pacific States and Territories.
Colorado
California
San Francisco
Washington
Oregon
Montana
Utah
New Mexico
Wyoming
Idaho
Arizona
Nevada
Indian Territory
Oklahoma
Total
Total all divisions
On New
York.
On Chicago. On St. Louis. On Boston.
$110,573,233 $13, 749, 633
22,788, 345
4, 360, 245
23,076,239
2, 241,668
38, 080,273
6, 648,132
26,433,159
3, 839, 667
37, 364, 581
8,474, 225
15, 407, 576
1, 963, 996
11,725,848
796, 366
4,663, 997
1, 634, 642
4, 680, 711
832,127
1,103,444
70,932
304, 750
81, 813
1,166, 646
395,170
60, 203
297,763,972
44, 753,649
7,^36,208, 250~ 1,254,693,941
$8, 090, 521
800, 014
145, 242
297, 649
1,057, 564
312,160
1, 012, 364
$754, 292
924,528
1,007, 693
527, 325
517,373
924, 950
96, 488
660
188, 888
74, 360
367, 591
68, 391
12, 225, 856
4, 942,197
237, 908,010 1,492, 266, 242
REPORT OF THE COMPTROLLER OF THE CURRENCY. 229
DRAWN BY NATIONAL BANKING ASSOCIATIONS UPON BANKS IN EAXJH RESERVE CITY
THE YKAR ENDED JUNE 80, 1891—Continued.
On Albany.
$26, 947, 718
On Philadelphia.
On Pittsburg.
On Baltimore.
On Washington.
On New
Orleans.
On Louis- On Cincinville.
nati.
$39,113
323,027
16, 353
59,630
$17, 057
438,123
17,057
541,333,463 $147, 213, 869 $87,802,114 $4,651,146 $37, 518, 587 $56, 056, 805 148,726, 218
230
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT
SHOWING, BY GEOGRAPHICAL D I V I S I O N S , T H E AMOUNT OF DRAFTS
AND UPON BANKS LOCATED ELSEWHERE DURING
On Cloveland.
Divisions, States, and Cities.
On Detroit.
On Milwaukee.
On Kansas
City.
On St.
Joseph.
New England States.
Boston
Connecticut
lihode Island
...
Maine
New Hampshire
"Vermont
.
...
$25, 772
28, 300
54, 072
Total
Middle States.
New York
New York City
Albany
Brooklyn
Pennsylvania
Philadelphia
$205 081
779, 900
1, 737
753 751
Pittsburg
1,500
$9,470
7,000
$31, 797
921
16, 470
31,797
2,421
iMaryland
Baltimore
District of Columbia
W^ashington
Total
Texas
1, 740, 469
Southern States.
,
Kentucky
Louisville
Louisiana
New Orleans
Virginia
Georgia
.. .
235, 00
7,150, 500
715, 059
6,000
71, 620
235,000
8,187,321
. .....
..... ...... .
^Florida
.
West Virginia
244,142
Arkansas
Total
Western States.
Ohio
-^
Cincinnati
.
.
...
5,466, 630
17, 536, 551
2,885,469
129,077
251, 706
118, 462
116,143 ""2ii*766'
611, 010
625,000
Kansas City
315,750
Omaha .
Michigan
Detroit
Minnesota
St. Paul
Minneapolis
Iowa
...
Des Moines.
Indiana
Wisconsin
Milwaukee
21,000
...
South Dakota
Korth Dakota
Total
i, 158, 013 53,724,307
198 076
33,000
30,500
77,458
48, 000
15, 990
58, 489
1,664,421
34,154
26, 800
92, 800
9, 935,184 $2,048, 410
129, 500
60
4, 797,000 1, 305, 705
3,093, 767 3,269, 577
4, 652,510
4,630,197
1,812, 315
4,162, 757
117 567
1,971,495
242, 336
160, 824
545,444
22, 061, 078
189,887
27,732,437 55, 298,443 36, 033, 702
"i85,166
53, 961,285
2,773,747
78,743,906
3,687,763
REPORT OF THE COMPTROLLER OF THE CURRENCY. 231
DRAWN BY NATIONAL BANKING ASSOCIATIONS UPON BANKS IN EACH RESERVE CITY
THE YEAR ENDED JUNE 30, 1891—Continued.
On San
Brook- On St. Paul. On MinneOn Omaha. Onlyn.
Francisco.
apolis.
OnDes
Moines.
15,000
31, 662,063
2,823,995,078
106,464
2,488,778
325,172
32,499
733,512
5,744, 251
153,014
741, 983, 237
92,387, 609
132, 096,117
1,118, 000
637, 422,602
412, 651,206
227,189, 925
540, 605,942
• 43,454,874
253,512,102
4, 111, 908
48,251,748
40,761,234
224,092
282,048
10,173
16, 500
13, 689
12,702
2,230
•
9,977, 540 3,175,546,504
152,652
102,407,799
8, 898,913
4,331,661
772,176
630, 664
107, 831
3,934,404
3, 792,802
3,706,916
5, 309, 857
7, 424, 807
1,472,112
3, 078,175
2, 082, 242
2,415,143
544,433
1,837
111, 619
\
428,181
5,000
1,237
500, 000
75,252,713
145,045
16,158
300,000
36
55,510
385,952
1,621,405
326,204
81,692,484
381,714
$50, 000
493, 202
18,297
386,000
58,201
25,181, 498
8, 576, 297
10, 544,227
120,343
978,481
2,120, 803
19 129 061
1,012, 983
3,778,270
315,437
56, 694
60, 431
1, 004,403
92, 673
4,023, 631
163,590
2,137,489
1, ii.7,173
10,148, 366
1,144,426
4, 566,804
61,223,121 28, 855,551
1,200
29, 768
1,912,272
347, 699,375
152,719,395
77, 307,129
60, 841,654
15,282,986
119,636, 353
118, 001,654
88,208,733
65,046,139
47,131,898
43,546, 212
42,705,672
34,414,274
29,079,559
27, 905,777
150, 365,502 1,269,526,810
546, 270
111, 619
1,599
7,500
$818, 017, 643
829,641,060
428,790,755
326,295,972
176,479, 284
141,525,565
103,244,799
316, 867
2,230
349, 000
$574, 928
549, 039
2, 025
24,934, 626
5, 302,424
78, 021
221,000
612
334, 000
1,320
Total, all
banks.
$316, 867
$12,702
$1, 320
banks.
$612
$456,680
456,680
On country
2,291,146
391, 917,187
4,984,611
14, 863, 026 1, 018,432,079
313,374,192
9, 524,284
858, 507
292,341, 307
2,244,042
227, 755,869
851, 896
62, 225,888
307,704,754
217,636,298
317,836
48,291,022
167,410, 740
6,823,822
213, 748, 926
100,000
233, 687, 986
1, 973,180
135,999,011
784,431
92, 531, 690
748,957
125, 307, 350
111, 026,129
i*850,'88i
281, 542, 619
6, 222, 640
33, 802, 532
10,553,992
221,086, 925
1,046,578
123, 070, 876
64, 779, 622
4,189, 618
159,419,341
33,215,067
3,835, 871
26,574,478
915,453
72, 689, 625 4,902,881,888
232
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATEMENT
SHOWING, V>Y GEOGRAPHICAL DivmroNS, THE AMOUNT OF DRAFTS
AM) I TON JJANKS LOCATED ELSEWHERE DURING
Divisions, States, and Cities.
Pacific States and Territories.
Colorado
California
San Prancisco
"Washington
Oregon
M.on tana
Utah
New Mexieo
On Cleveland.
On Mil- On Kansas
waukee.
City.
On Detroit.
j
1
1
$331
Idaho
i
^Nevada
Indian Territory
Oklahoma
Total
Total all divisions
i
$10 978 974
680, 564
73 142
$4,177
238,871
361 986
63, 515
979, 584
3,155,820
24, 569
132 000
i
On St.
Joseph.
$119 398
34, 000
422, 534
978, 994
1
18, 090, 553
153, 398
29, 473,237 $55 549 913 !3fi 069. 67fi 105, 078,273
9, 841,161
331
4,177
REPORT OF THE COMPTROLLER OF THE CURRENCY.
233
DRAWN BY NATIONAL BANKING ASSOCIATIONS UPON BANKS IN EACH RESERVE CITY
THE YEAR ENDED JUNE ?>0, 1891—Continued.
On Omaha.
$7, 663,100
194, 493
1, 592, 013
162, 874
3, 526, 419
502,483
3, 088, 705
On Brooklyn.
On San
MinneOniSt.Panl. Onapolis.
Francisco.
5, 659, 289
2, 992, 317
6, 002, 733
4, 446, 398
1,491,826
On country
banks.
$844, 638
58,483, 703
$47, 496
$472, 963
On Des
Moines.
$145,163
41,932
739,129
15, 232,
19, 853,
2, 042,
2, 771,
1,883,
910
640
747
263
376
1 383 214
1,431,316
1,474, 928
22, 668, 316
472,963
14,701,835
926, 224 105,401, 735
104, 362,120
1, 771, 976
75, 937, 658
29, 784, 617 108, 329, 796
j
$2, 291,146
Total, all
banks.
$24, 097, 785
8, 063, 277
101, 732
27,027,713
12, 455.409
8, 043,452
1,572, 949
1, 568,099
932,594
2, 347.806
682| 420
376, 416
134,102
298,075
$1.76, 871, 574
96, 342, 665
28,131, 600
94,194, 996
70. 335, 904
65, 765, 034
26,227, 052
20,142, 533
11,891,088
10, 735, 684
3,494, 472
2, 237, 907
2.090, 873
1,800, 833
87,701,829
610, 262, 215
352,396, 559 12, 782,212, 495
234
REPORT OF THE COMPTROLLER OF THE CURRENCY.
T A B L E SHOWING, B Y STATES AND TERRITORIES, THE POPULATION OF EACH ON J U N E
1, 1891, AND THE AGGREGATE CAPITAL, SURPLUS, UNDIVIDED PROFITS, AND INDIVIDUAL DEPOSITS OF NATIONAL AND STATE BANKS, L O A N AND T R U S T COMPANIES,
AND SAVINGS AND PRIVATE BANKS IN THE UNITED STATES ON JUNE 30., 1891;
THE AVERAGE OF THESE PER CAPITA OF POPULATION, AND THE PER CAPITA
AVERAGES OF SUCH RESOURCES IN EACH CLASS OF BANKS AND IN ALL.
States and Territories.
Maine
New Hampshire
Vermont..,
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Missouri
Kansas
Nebraska
Colorado ,
Nevada
California
Oregon
Arizona
North Dakota
South Dakota
Idaho
Montana
New Mexico
Indian Territory
Oklahoma
Utah
Washington
Wyoming
Total
Population
J uno 1,
1891. *
Loan
and Savings Private
National State trust
banks. banks. compa- banks. banks.
nies.
All banks.
Capital, etc.
Aver- Aver- Aver- Aver- Aver- Average per age per age per age per age per age per
capita. capita. capita. capita. capita. capita.
1, 048, 000
236, 000
1, 670, 000
773, 000
1, 638,000
1,165, 000
1, 867, 000
405, 000
1, 538, 000
1, 309, 000
1,137, 000
2, 304,000
1,161, 000
1, 870, 000
1, 773, 000
3, 720, 000
2, 213, 000
3, 899, 000
2,139,000
1,728, 000
1, 935, 000
1, 360, 000
2, 734, 000
1,448,000
1,148,000
440,000
44,000
1,244,000
333, 000
61,000
193, 000
341,000
93, 000
145, 000
157,000
181, 300
115, 000
214, 000
375, 000
66, 000
$81, 253,068
96,225, 832
40, 981, 914
742, 651, 224
127,126, 389
199, 953, 331
1, 663, 604,173
119, 766, 779
546, 267, 053
14,886, 050
101, 096, 200
20,146,171
42,131, 055
14,113, 894
10,602,746
14, 556, 233
22, 682,049
8,485, 786
14,900, 568
11, 754, 338
35,138, 019
65, 070, 737
7, 607, 971
86, 078, 682
42, 603, 237
220, 297, 991*
71,753,885
271, 513,188
124, 332, 290
91,828,490
111,981,211
102,482,170
164, 047, 645
53,896, 588
69, 333, 620
40, 480, 478
1,176,791
271,189,235
17, 878, 204
1, 272, 356
8,985, 308
11,669,101
2, 588,258
20, 277, 490
4,415, 963
282, 954
480,347
15, 358, 062
27, 859,317
5, 373, 750
5122.55
253.89
123.07
323.02
361.15
261. 72
272.27
80.70
101. 50
87.56
96.46
85.37
25.23
18.26
6.47
12.49
12.14
20.95
9.69
8.98
30.90
28.24
6.55
46.03
24.03
59.22
32.42
69.61
58.12
53.14
57.87
75.35
60.00
37.22
60.39
92.00
26.75
218.00
53.69
20. 86
46.56
34.22
27.83
139. 85
28.12
1.56
4.18
71.77
74.29
81.42
$41.20
41.92
52.69
131.31
121.10
84.52
82.72
46.58
60.19
44.08
52.33
63.46
12.28
10.62
5.14
6.15
6.43
15.27
7.68
2.68
19.68
24.97
3.85
19.47
15.65
38.91
21.66
43.98
27.24
21.35
23.49
36.47
24.85
23.29
34.56
78.11
16.82
24.31
46.07
9.67
36.88
19.88
26.77
154. 09
24.16
1.56
3.71
35.20
57.55
63.16
64,156,300
5,840, 438,191
91.03
39.32
663, 000
379,000
333, 000
2, 299, 000
352, 000
764. 000
6,110, 000
1, 484, 000
5, 382, 000
170, 000
$4.69
11.27
$6.31
9.18
36.02
5.85
10.02
12.69
4.11
12.95
6.93
1.13
2.91
4.76
3.90
1.14
6.30
9.80
.58
2.70
26.26
6.90
7.33
3.72
5.85
3.56
25.88
10.04
24.61
31.08
9.54
17.24
11.47
29.91
42.05
6.58
44.23
4.40
15.43
7.15
18.81
4.34
2.15
3.41
1.07
89.07
6.77
11.19
9.68
11.04
$76.66
200.70
70.38
161.80
191. 69
161.44
108.74
23.87
13.49
23.64
39.58
3.10
""".'44
.71
.02
3.43
.52
.76
.24
"."43
1.02
.63
1.42
.33
2.36
1.48
9.48
1.78
9.68
25.07
.06
13.12
6.00
100.68
.18
.30
3.50
5.26
5.76
2.25
5.85
9.07
4.86
3.00
4.39
4.73
2.42
9.93
3.94
.85
3.30
1.06
.50
.20
5.26
2.15
1.61
12.51
10.00
14.01
6.19
.47
10.05
.55
18.26
28.72
2.23
13.13
7.63
•Estimated by Mr. Joseph S. McCoy, Acting Actuary, based on the census of 1890.
$0.56
"2. 37
ABSTRACT OF REPORTS OF CONDITION
OF
State Banks, Loan and Trust Companies, Savings and Private Banks,
1890-'91,
ARRANGED BY STATES AND TERRITORIES.
NOTE.—Reference marks in the tables following indicate the official and unofficial source of information from which reports were received.
235
230
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS AND
KUSOUUCES.
Date of
report.
Location.
Xo. of
•auks.
Loans on
Loans on collateral
security
real estate. other
than
real estate.
Loans and
discounts.
STATE BANKS.
Rhode Island . .
Connecticut
New York
New Jersey
Pennsylvania . .
Delaware *
Maryland
Virginia
West Virginia *
North Carolina
South Carolina
Georgia *
Florida *
Alabama*
Mississippi
Louisiana t
Texas
Arkansas*
Kentucky
Tennessee * . . .
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Missouri
Kansas *
Nebraska
Colorado
California
Oregon *
Arizona*
North Dakota.
South Dakota
Montana*
New Mexico .
Utah
Washington *
Nov. 18,1890
Oct. 1,1890
June 13,1891
July 6,1891
Nov. —, 1890
June 30,1891
....do
July 9,1891
June 30,1891
....do
...do
....do
....do
....do
Sept. 5,1891
June 30,1891
....do
....do
....do
....do
:
Oct. 6,1890
Oct. 31,1890
June 1,1891
Sept. 25,1891
J u l y 6,1891
June 30,1891
July 9,1891
May 16,1891
June 30,1891
....do
J u l y 6,1891
J u l y 1,1891
June 30,1891
....do
May 23,1891
Nov. 29^ 1890
i June 30,1891
Oct.
July
July
Juiie
8
8
170
22
84
4
7
93
19
29
19
34
15
10
54
11
4
21
151
64
64
53
40
39
91
122
93
401
134
356
29
144
12
6
51
65
4
8,1890
1,1891
9,1891
30,1891
Total.
>, 237, 065
446,722
33, 767
171,482
445. 323
100,672
815, 646
251,954
116, 851
33,348
387, 014
5,431, 679
5, 269,448
1,528, 597
16, 429, 558
42, 650
64, 999
4,150
436, 319
2,572 37,247,244
$133,179 | $1, 434, 069
4, 836, 970
161,377,347
6, 874, 569
I 30, 515, 259
322,610 ! 2, 668,887
980, 090
16, 828, 575
3, 277, 003
674, 872
4, 365, 878
2, 250, 272
5, 598, 274
1,617,107
170, 685
679,310
1, 537, 914
7,474, 532
6, 867, 462
427, 642
891, 774
1,245,177
873, 573
39, 622, 891
7, 840,463
1,186,796
14, 078,139
5, 881, 287
16,701, 550
4, 486, 850
31, 509, 936
16, 510,903
26, 478, 695
54, 099, 814
6, 386, 218
2, 425,960
18, 201,118
3,491, 578
14, 211, 751 48,493, 313
614, 592
689, 037
266, 995
132,141
1, 340, 623
2, 370, 843
504, 353
102, 000
143,305
1, 685, 385
1,148, 844
761, 255
78, 509,230 507,461,243
LOAN AND TRUST COMPANIES.
Maine
New Hampshire
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania *
Delaware *
District of Columbia.
Illinois
Iowa*
Minnesota
Missouri *
Aug. —, 1890
Nov. —, 1890
Sept. 30,1891
Oct. 31.1890
Nov. 18,1890
Oct. 1,1890
J a n . 1,1891
....do
J u n e 30,1891
....do
J u l y 9,1891
J u n e 1,1891
J u n e 30,1891
J u l y 9,1891
J u n e 30,1891
* Unofficial.
10, 639, 668
270, 880
1,390,249
9, 652, 770
1,916, 745
4,151,001
171
Total .
t Partially official.
1,449,095
986,415
22,789, 633
5, 380, 087
2,664, 848
9, 755, 642
4, 379,460
4,489, 502
33. 377, 055
403, 807
' 298, 434
1, 000
1, 006, 070
12,268, 376
1, 512,951
280, 637
992,152
5, 363
365,016
705, 362
230,584
649,008
810,107
5,215, 222
15 11,497,837
19,438,145
2,152,253
1, 528, 280
)
17, 537, 008 166, 685, 758
10
65,072, 641
225,012, 238
X Includes one State bank.
66,791, 541
REPORT OF THE COMPTROLLER OF THE CURRENCY.
237
LOAN AND TRUST COMPANIES IN THE UNITED STATES, 1890-'91.
BESOUUCES.
Overdrafts.
$11,338
174, 419
207, 368
697
156, 887
3,176
136; 864
17,337
48,771
26, 926
5,236
United
States
bonds.
25, 000
110, 000
$49,858
462,118
$10,000
372,175
$5, 500
314, 093
8,450
42, 825
6, 814
51,410
119,597
3 000
7,692
44, 570
4,137
15, 000
294, 806
143, 240
1,130, 840
131, 548
471, 567
32,259
76,441
3,150
23, 750
23, 850
18, 417
528, 357
35, 615
6,500
11, 495
500
78,671
1,456
63, 597
#
1,100, 307
8, 256
1,222
1,934
1, 544, 950
91,835
2, 442, 264
185, 091
526, 528
1, 336, 694
2, 390, 319
554, i39
4, 658, 019
1,160, 386
2, 836,798
1,167, 909
3, 644, 338
1,142, 938
6, 749, 484
490, 623
5, 279,340
284, 500
169,217
151,123
3, 470,117
185, 875
'
2,300
3, 768, 403
9, 938,142
1, 578, 242
1, 803, 548
764, 644
9, 203, 969
197, 557
52, 391
320,963
393, 834
93, 924
66,842
150, 999
366, 503
49, 500
10, 326
154, 323
$169, 507
199,178
5, 221, 441
201,121
1, 768, 215
168, 487
212, 898
643, 009
164, 710
209, 412
119,393
239, 880
105, 471
87, 741
489, 777
373, 857
73,826
99, 576
1, 363, 505
428, 974
781, 746
346, 586
266, 525
269, 639
778, 610
$12,323
14,146
801, 062
18,136
197, 723
10, 354
7,725
83,095
14, 857
41,430
22, 072
90,382
13,317
15,144
121,176
40, 361
3, 282
36, 475
91,903
99, 216
161,449
38, 224
75, 291
42, 235
49, 440
1,
2,
1,
1,
113,857
612, 069
939, 924
055, 583
030, 805
202,323
5,430, 054
113,9.04
56,312
123, 711
430,671
34,132
4,495
316, 970
657,404
182, 847
195, 538
15, 882
14, 612
14, 006
31, 486
119,156
5,465
2,761
28,737
39,918
70, 000
2,156, 065
595, 572
426, 850 37, 529,420 82,531,530 28, 791,441 2, 865, 083
22,
366,
1, 857,
1, 058,
165,
139, 015
501, 088
202,161
417, 749
436, 695
878,366 6,149. 447
667, 919
99, 018
779, 810
381, 992
32, 919, 765 20, 955, 264
649, 301
769, 655
39, 350 5, 310, 848 6, 047, 421
223, 859
24, 600
612, 015
189, 323
989, 203 2, 323, 346
479, 235
225, 900
59, 650
216, 289
199, 382
224, 557
231,173
285, 350
344
080
985
494
982
8,125, 722
2, 642, 506
781, 587
155, 860 17, 771, 695
38, 000
23, 533
178,119
16, 057, 015
$207,136
$171, 815
144, 502 1, 059, 994
7, 730, 437 17, 976, 005
530,153
890, 814
6, 375, 268 5, 373, 249
285, 937
241,744
127, 851
284,137
1, 466, 843 2, 023, 605
24, 342
760,188
117,098
706, 956
325, 414
145, 250
112, 635 1,106, 073
180, 273
257, 532
64, 083
206, 216
587, 403
615, 592
358, 810
98, 388
149,591
190, 000
5,600
1, 720
73, 533
Real
Current
estate, expenses
furniture, and
taxes
and
paid.
fixtures.
All other D u e from
other
bonds and
stocks. bbaannkkseand
rs.
124, 376
14, 260, 713
105,608
71, 292
77, 808
15, 985
1, 099, 480
500, 000
63
26,442
21,277
59, 386
9,357
84, 700
209, 433
30, 697
126, 937
53,151
45, 004
2,846
1, 800
28, 008
10, 050
25, 000
4,860
462
314
303
488
595
303
4, 044, 702
Bank
stocks.
$538,450
116, 995
8, 358
36, 701
125,101
76, 004
94, 645
92, 719
111, 240
82,175
184, 738
28,
22,
27,
145,
13,
State,
Railroad
county,
municipal, bonds and
etc., bonds. stocks.
272, 600
23, 540
1
60,963
216, 392
1,173, 004
2,734
290, 311
10,882
302,169
7, 061, 072
606, 962 "" 92,827
251,515
5,139, 688
5,538
72, 300
26, 251
1, 441, 319
25, 738
23,377
3,472
283, 750
56, 904
596, 843
27,891
214,184
?,
3
4
5
6
7
8
9
10
11
12
13
14
91, 348
45, 963
122, 925
266, 247
267,739
72, 552
3, 828, 397 29,771,125 1,159,776 43,157, 008 39,948,373 17,357,290
i
1
?
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
?1
22
23
24
35
?,6
?,7
28
29
30
HI
32
33
34
35
36
37
38
39
40
743, 684
238
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS AND LOAN
RESOURCES.
Location.
Cash and
cash items.
Other
resources.
Total.
STATE BANKS.
Khode Island...
Connecticut
New York
New Jersey
Pennsylvania...
Delaware
Maryland
Virginia
West Virginia ..
North Carolina.
South Carolina .
Georgia
Florida
Alabama
Mississippi
Louisiana .'
Texas
Arkansas
Kentucky
Tennessee
Ohio
Indiana
Illinois
Michigan
"Wisconsin
Iowa
Minnesota
Missouri
Kansas
Nebraska
Colorado
California
Oregon
Arizona
North Dakota..
South Dakota...
Montana
New Mexico
Utah
Washington
Total.
$102,174
535,852
47, 622, 911
497, 485
3, 093, 211
82, 913
380, 367
1,517, 894
410, 643
553,316
326,162
983,150
111,201
217, 591
653,498
2,829,638
374, 635
306,191
4,089,025
1,377,407
1,511,504
691, 982
2,847, 780
469, 995
4, 255, 580
3,205,999
10, 047, 735
1, 080,587
493, 535
409,887
14, 941, 567
184, 440
75, 629
148,139
291,125
76, 637
70,155
345,110
241, 259
$46,895
738, 355
60, 227
1, 618,164
24, 296
31,614
1,496
43, 559
52,924
154,325
51,491
180
2,321
1,167
145,995
99,148
319,017
4,629
57,043
5, 258,838
4,607
218, 664
62,211
26, 644
6,148, 719
12, 729
515
33,618
62,164
11
1Q7,453, 889
15, 281,566
87, 900
120, 282
064,928
179, 566
129, 694
353,914
329, 712
598,465
8,687
50,232
187,849
54, 248
714, 621
36, 750
5,159, 632
417, 300
3, 287,307
2,367
30, 314
333, 963
361,596
29, 970
450,194
536, 396
264, 321
16,482, 207
11,141,299
$2, 336,956
7, 641, 773
241,641,977
9, 279, 873
54,716,604
2, 267,214
4,460,860
22, 861, 522
5, 633, 861
6,622, 836
4, 049,796
10, 839, 321
1,862, 347
2,173,925
9,941,978
11,230,184
1, 354,196
3, 266,084
52,281, 624
12, 869, 014
27,958,547
8,408,427
24, 235,155
7, 830, 526
45,918,107
21, 769, 741
35, 817, 493
88, 781,684
15,010, 785
22,451,289
5, 094, 340
118, 320,048
2, 293, 291
718, 299
1,992, 205
3,986, 919
850, 241
337,361
2, 726, 628
4,152, 111
905,994,142
LOAN AND TRUST COMPANIES.
Maine
New Hampshire
Massachusetts
Ehode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
District of Columbia.
Illinois
Iowa
Minnesota
Missouri
Total.
3,629,895
8,590, 686
75, 271, 807
14,805, 657
5, 297,772
280, 688,768
7,290, 221
91,112, 442
1, 348,472
4,936,836
18,495, 380
13,599, 932
4, 881, 670
6, 678, 664
536,628,202
EEPORT OF THE COMPTROLLER OF THE CURRENCY.
239
AND TRUST COMPANIES IN THE UNITED STATES, 1890-'91—Continued.
LIABILITIES.
Capital
stock.
$1,049,602
2, 340, 000
31,370,700
1, 656, 666
8,411, 200
680,000
1, 303,150
5, 775, 660
969, 225
1,848,722
1,342, 948
3, 731, 506
584, 300
814,400
3,268, 095
2,620,200
475, 240
1,130,458
17,902,795
5,016, 974
4, 842,730
2,486,183
4,135, 500
2,147,800
5,161, 200
6,460,898
8, 111, 000
16,730,036
5,782,490
9, 034, 260
1, 370, 500
42,564, 010
813, 825
325,200
728,000
1,755, 338
265, 000
100,000
1,444, 210
2,014,820
208,564,841
Surplus.
Other
undivided
profits.
$149, 328
$37,370
256,908
365, 000
13,579,002 10, 035,433
.230, 377
727, 582
1,130,453
3,156,529
13,993
292,453
109, 648
335, 000
523,941
1,393, 637
165, 422
325,400
130, 024
313, 556
192,089
115,158
389, 388
652,030
26, 674
22, 792
49, 843
120, 674
453, 585
314,932
362, 76*7
640, 064
100, 022
52, 505
211, 200
167, 503
5, 014, 240 1,118, 404
546, 682
701, 988
777, 398
453,189
420, 850
167, 886
1,559,725
529,381
357, 815
249,189
2,261, 630
834,100
7,450,952
603, 390
566, 228
127,433
16, 621,594
26, 510
43,290
89,844
77,656
15,000
64, 013
123,169
$3,128
11, 792
71, 065
10, 415
27, 618
30, 825
9,851
3, 962
8,783
29,587
8,577
27,069
19, 700
398, 307
15,904
7,005
34,115
1,119
39, 665
544,026
600,122
133, 849
10,356
3,308
23, 934
45, 985
16, 290
395
252,389
52,444
7,100
77, 498
91,919
99,865
108,499
2, 640, 558
512, 982
254,147
6, 724, 030
268, 587
5,349, 092
31,173
127,513
676, 892
237, 577
60,733
110, 534
709,830
Debenture
bonds.
178, 200
4, 028, 050
9,890
4,718,149
186, 000
8, 707, 451
49, 200
1, 040, 500
79,292, 889 38, 412,197 17,091, 648 18,907,550
$13, 250
2,570
8,064
1,351,073
60,006, 623 21,109, 910
822,900
59, 300
1,580,500
170,481
7, 050, 000 2, 709,962
2,164,400
50,000
1,036, 600
179,581
26,387,000 25,800, 304
1,510, 840
113, 301
24,374, 821 7,354, 657
500, 000
50,000
2,883,810
3,950, 000 1,102, 200
2,388, 650
364,825
2,697, 968
417, 086
1,995,400
40,500
State bank Dividends
unpaid.
notes.
Deposits,
$985, 318
$77, 738
4, 053, 301
(523,994
165,127, 840 16, 516, 253
6,070, 233 - 225,745
41,226,946
427,504
1,171, 026
81,149
2, 555, 820
129, 624
13, 943, 253
614, 504
3, 899, 725
218,511
3, 741, 329
228, 766
1,737, 764
145, 565
4,121, 013
584, 506
944, 031
27, 286
762, 691
308, 844
4,215,138
1, 036, 268
9,914
7,519, 792
8,042
702, 533
92,286
1, 624,166
25, 065, 561 % 095, 974
354, 633
5, 971,126
369, 487
21,194,856
40, 759
5,160,731
1,181, 880
16,572,986
126,058
4, 873, 324
37, 304, 842 1,153, 747
12,960, 212
23,180, 213 1, 596, 926
60, 790,192 2, 778,365
6, 880, 687
320, 590
9, 587, 075
408, 037
3,416,195
2,640
51, 611, 788 6, 688,128
1, 368, 306
37,763
297, 634
15,931
1, 050,197 .
20,966
1,680, 938
24,765
430, 286
52,511
230,261
1, 090, 971
36,934
1,516, 712
163,410
$21, 222
5, 004,685
357,478
292,907
18,178
579,702
45, 727
356,477
507,489
1, 331,291
257,264
117,473
653,960
41, 801
15, 854
40,471
666, 643
261,707
313, 882
97, 903
255,683
75,221
36,688
2, 348,631
704, 516
1,032,139
869, 246
2, 252, 259
19,789
843,528
507
19,954
103,198
195,833
35, 000
13 002
242, 081
1
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
°9
29
30
31
32
33
34
35
36
37
'}«
'-?0
40
556, 637,012 38, 826, 003 20, 029,389
2,126,850
2,409, 644
56, 380,145
560
12,072, 714
3,553,441
1,536
211, 320, 274
4,646, 315
1,672
59, 738 45,989,508
633, 925
1, 477, 816
11,190,976
1,161,564
1 524 196
842, 712
10, 000
83,396
D u e to
Other
other banks liabilities.
355, 330, 080
45,223
287, 667
293,512
6,491,142
5,001
272,467
147,144
145, 016
1, 574, 722
22, 604
3, 596
5,739,011
602, 362
7,839, 610
133, 374
311, 697
590
717, 261
193, 220
2, 685, 223
2, 210,772 25, 299, 670
1
2
3
4
5
6
7
9
10
11
12
13
14
to
ABSTRACT OF EEPORTS OF CONDITION OF STATE BANKS, 1872-73 TO 1890-'91.
O
^Resources:
Loans and discounts
Overdrafts
United States bonds
Other stocks, etc
D u e from b a n k s
Real estate, etc
Other resources
Expenses
Cash items
Specie
Legal tenders, etc
Total
Liabilities:
Capital stock
Circulation
Surplus
Undivided profits
Dividends unpaid
Deposits
D u e to b a n k s
Other liabilities
Total
1876-77.
1877-78.
1878-79.
1879-'8O.
1880-'81.
1881-'82.
592 b a n k s .
475 banks.
616 banks.
620 b a n k s .
652 b a n k s .
672 banks.
$178, 983,496
* 348, 604
869,144
19, 364,450
23, 096, 812
8, 561, 224
6, 863, 083
1, 559,404
9, 059, 547
1, 926,100
27, 623, 988
$266, 585, 314
516, 565
929,260
23, 209, 670
25, 201, 782
12, 609,160
6, 442, 710
1, 211, 416
9, 816, 456
2, 319, 659
34,415, 712
$169, 391,427
319, 959
2,150, 880
19, 398, 287
25,107,149
11,092,118
10, 694, 390
914, 726
7,320,845
3, 041, 676
28, 480, 374
$191, 444,093
447, 302
7, 739, 203
21, 916,024
22,169,065
14,264,835
9, 221, 760
801,005
8, 767,391
1, 979, 701
37, 088, 961
272, 338, 996
278, 255, 852
383, 257, 704
277,911, 831
315, 839, 340
354,904,486 |
418,956,060
438, 834,173
£2
532
432
707
205
290
961
604
357
69,084,980
177, 653
6, 797,167
9, 002,133
83, 722
165,871,439
10, 530, 844
10, 791, 058
80,425, 634
388,397
7, 027,817
10,457,346
393,419
157,928,658
13, 307,398
8, 327,183
95,193, 292
388, 298
7, 983, 996
11, 693, 064
324,176
142, 764. 491
10, 348,911
9, 215, 603
104,124, 871
389, 542
16, 667, 574
5, 666, 221
501, 831
166,958,229
13,093,069
8, 438, 003
90,816,575
283,308
18,816,496
6,721,615
474,567
208,751,611
18,462,707
10,577,607
92, 922, 525
274.941
20, 976,167
7, 943. 466
567,171
2G1, 302, 303
18, 870, 466
16, 039, 021
91, 808, 213
286, 391
23,148, 050
8, 902, 579
481, 858
281, 835, 496
18, 262,172
14,109, 414
PC
237,402, 088
272, 338,996
278,255,852
277,911, 831
315,839,340
354,904,486 i 418,956,060
438,834,173
1872-73.*
1873-74.
1874-75.
—banks.
—banks.
551 banks.
$119, 332, 341
237,104
1, 544, 296
9, 617, 667
12, 605,100
3, 269, 233
944,079
886, 348
18, 977, 324
3, 020,139
8,447, 776
$154, 377, 672
212,772
1, 961,447
16, 437, 815
19, 050, 046
5, 372,186
1,164, 999
1,284,344
10, 434, 018
1, 980, 083
25,126, 706
$176, 308,949
377,297
344,984
23, 667, 950
19,851,146
9, 005, 657
4,909,190
1, 353,066
8, 624, 086
1,156,456
26, 740, 215
178, 881, 407
237,402, 088
42, 705, 834
174. 714
2,109, 732
10, 027, 668
33,492
110, 754, 034
8, 838, 355
4, 237, 578
59, 305,
153,
2, 942,
12, 363,
337,
137, 594,
14, 241,
10, 463,
178,881,407
1875-76.
383, 257, 704
$206,821,194 $250,819, 420
1,335,310
528, 543
12.048,452
7,142, 532
24; 904, 903
17,117,117
4G, 657, 328
36,180,435
13, 914, 238
14, 227, 927
10, 542, 266
5, 801, 796
965, 327
, 878,696
16,900,325
11,176, 374
n I
17, 071, 445
6, 201, 617
23, 797, 046
48, 828, 255
i
j
!
;
$272, 520, 217
1,196, 369
8, 739,172
19, 780, 527
49, 919,183
13, 037, 939
12, 306, 578
999, 944
18. 546, 073
17, 201, 489
24, 586, 682
c
H
O
o
t
* Iu compliance with House resolution, making it one of the duties of the Comptroller of the Currency, the Annual Report for 1873 contained the first report of State and
savings banks made to this office, and was the first call of that character ever made upon State by Federal officer.
o
ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS, 1872-'73 TO 1890-'91—Continued.
Hi
1882-'83.
1883-'84.
1884-'85.
1885-'86.
1886-'87.
1887- 88.
1888-89.
1889-'9O.
1890-'91.
754 b a n k s .
817 b a n k s .
975 b a n k s .
849 b a n k s .
1,413 b a n k s .
1,403 b a n k s .
1,671 b a n k s .
2,101 b a n k s .
2,572 b a n k s .
Resources:
H^
O5
Loans on collateral security
other than real estate
Loans and discounts
Overdrafts
United States bonds
State, county, and municipal
Railroad bonds and stocks
Sank stocks
Other stocks, bonds, etc
Due from banks
Real estate, furniture, etc...
Other resources
Expenses
Cash items
Specietenders,
• etc
Legal
Total
Liabilities:
Capital stock
Circulation
Surplus
Undivided profits
Dividends unpaid
Individual deposits
Due to banks
Other liabilities
Total.
$322, 358, 227
1,392,961
5, 287, 606
$331, 049, 510
1, 262, 725
2, 337, 705
$347,880, 520
1,349, 998
2, 994, 806
32, 644, 859
59, 062, 405
15, 873, 312
5,791, 111 »
1,130, 883
25. 972, 922
29, 867, 724
30, 994, 221
$331,183, 626
1,169, 388
4, 392,421
22, 083, 304
58, 709, 516
13, 592, 791
9,943, 706
918,403
35.118, 379
17,429, 817
25, 302, 316
31,452, 019
48, 836, 689
15, 058, 411
7, 671, 876
1, 025, 237
28, 219, 414
25, 376, 565
28, 787, 615
512,137, 026
521, 077, 766
553, 562, 761
528, 695, 920
102, 454, 861
187, 978
25, 762, 738
11, 287, 623
442, 652
334, 995, 702
20, 651, 930
16, 353, 542
110, 020,351
" 177,554
31, 483, 942
12, 718, 894
473, 735
325, 365, 069
27,125,108
13, 712, 513
125, 258, 240
98,129
30, 669, 575
11, 574, 736
493,926
344,307, 996
29, 950, 453
11, 209, 706
512,137, 026
521, 077, 766
553, 562, 761
$435,854,364
2, 395,610
2, 530,156
27,194, 693
30, 544. 699
49, 747, 429
64,774;881
14, 605, 853
20, 475,102
8, 224, 886
15, 237, 643
1, 047, 782
2,123, 672
51, 668, 218
24, 734, 684 I 110,845,718
14, 726, 940
$31,128, 369
$34, 266, 559
$37, 247, 244
$432, 002, 663
2, 001,781
2, 097, 634
97, 583,192
376, 623, 827
3,071, 724
3, 051, 722
77, 806,
469, 397,
5, 063,
1, 313,
917
745
263
757
78, 509, 230
507, 461, 243
4, 044, 702
1,100, 307
34, 787, 037
58, 778, 206
20, 246, 654
14, 710, 237
1, 768,158
983,802
320,422
310, 668
33, 709, 278
79, 819, 380
25, 255, 437
8, 940, 828
2, 026,800
2,447, 030
675, 444
482, 987
35, 030, 006
86, 010. 062
27,189, 697
7, 760, 635
2, 602, 607
2,156, 065
595, 572
420, 850
37, 529, 420
82, 531'530
28. 791, 441
15, 281, 566
2, 865, 083
105, 314,947
133, 210,164
120, 765, 422
107, 453, 889
684,781, 845
671, 707, 317
796, 035, 613
870, 812,131
905, 994,142
109, 611, 596
103, 430
27, 813, 508
10, 095, 760
430, 699
342, 882, 767
27, 800, 280
9, 957, 880
141, 000, 377
228, 956
38, 519, 720
14,452, 490
749, 749
446, 560, 022
32, 445, 414
10, 825,117
154, 931, 868
148, 434
41^ 374, 468
15, 510, 620
1, 045, 459
410, 047, 842
34, 538, 942
14,109, 684
166, 651, 582
120,161
48, 030, 464
16, 810, 573
762,838
507, 084, 481
43,167, 031
13, 408, 483
188,737, 307
120,148
51, 937, 077
21, 823, 544
781, 819
553, 054, 584
37, 016, 371
17,341,281
208, 564, 841
110,534
60, 006, 623
21,109, 910
709, 830
556,637,012
38, 826, 003
20, 029, 389
528, 695, 920
684, 781,845
671,707, 317
796, 035, 613
870, 812,131
905, 994,142
O
W
H
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O
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w
d
242
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT OF R E P O R T S OF CONDITION OF T H E MUTUAL AND STOCK
EESOUECES.
Location.
Loans on
! No. of |
banks. Loans on collateral Loans and
security discounts.
real estate. other
than
real estate.
Date of
report.
Overdrafts.
MUTUAL SAVINGS BANKS.
Maine
New Hampshire.
Vermont
Massachusetts...
Ehode Island
Connecticut
New York
New Jersey
Pennsylvania*
Delaware*
Maryland
District of Columbia.
West Virginia *
Ohio
Indiana
"Wisconsin
Nov. 1,1890
Sept. 30,1891
June 30,1891
Oct. 31,1890
Nov. 18*1890
Oct. 1,1890
Jan. 1,1891
do
Dec. —,1890
June 30,1891
June 30,1891
do
July 9,1891
June 30,1891
Oct. 6,1890
Oct. 31,1890
July 6,1891
Total.
54 $6, 924, 058 $5,415, 516 $1,769, 644
73 31, 732,150 6, 287, 308 7,286,081 !
20 9, 941, 661
493, 022 1,406,688
179 143, 353, 045 13, 527, 703 93,919,782 j
38 26, 055, 232 4,114,145 7,978,406
86 46, 860, 898 8, 844, 901 3,545,852
124 258, 326,578 11,066,165
26 13, 535, 683 2,125, 422
13 15,171, 797 6, 875,142
2
3,055, 844
211,918
20
5, 020, 208 3, 592, 858
483, 650
1
401, 619
200, 812
1
143, 077
24,237
4
6, 570,894 2,894,200
5
2, 502,133
235, 664
1
68,264
647 569,594,877
65, 673, 349 116, 694, 031
STOCK SAVINGS BANKS.
Vermont
Pennsylvania* .
Maryland
West Virginia*
North Carolina.
South Carolina*
Georgia*
Florida*
Alabama*
Louisiana
Texas *
Tennessee*
Ohio*
Illinois
Michigan
Iowa
*
Minnesota
Nebraska
California
New Mexico
Utah
Washington*..Total
Total all savings banks.
June 30,1891
....do
....do
....do
....do
....do
....do
do
....do
....do
....do
....do
....do
June 1,1891
Sept. 25,1891
June 30,1891
July 9,1891
June 30,1891
July 1,1891
Jan. —1891
July —, 1891
July 9,1891
June 30,1891
14
2, 793, 428
860,964
331,760
50,260
123, 248
510,148
380, 889
127,710
24,553
262, 643
2, 250, 375
93,490
303, 215
1,178, 615
666,114
682,152
574, 768
292, 077
1, 296
172,440
123,531
1, 075, 799
124,392
52,711
12,677
1, 205, 093
51,794
118, 038
2,960, 254
671, 001
334, 858
5, 346,125
1,147,258
1, 111, 362
26,445, 542
14, 696, 769 6, 539,358 19, 346,586
21, 225, 963
* 5,'593,'888*" "i,"i06,"036
3, 213,715
351,385
89, i'25,4i2
182,839
2,198,376
245, 061 1,095,904
239,985
364 117, 989,100
1,011 687,583,977
* Unofficial.
6,982
150
2,049
2,665
13, 274
24,993
114,456
* 4,328
3,964
63,357
50,002
28, 005. 804 81,440, 014
286, 254
93,679,153 198,134,045
286,254
REPORT OF THE COMPTROLLER OF THE CURRENCY.
243
SAVINGS HANKS IX TILE UNITED STATES, 189IV91.
RESOURCES.
TJ. S. bonds.
$128,750
1, 430, 450
2, 451, 000
902, 819
113, 462, 960
6, 361, 772
4, 586, 295
7, 026,700
2,025, 000
108, 400
138, 484,146
800
36, 695
115, 000
50,OtO
State,
county,
municipal,
etc., bonds.
Railroad
bonds
and stocks.
Bank
stocks.
$15,843,767 $12, 258,433
8, 298, 422
8, 916, 711
4,110,729
42, 083, 372 34, 734, 233
7,693, 522
8,756, 399
25, 900, 966 23,646, 830
178, 881, 399
$2, 696, 543
2, 671, 453
216*030
28,120, 754
4,294,047
6, 389, 323
17,452, 812
16,491, 396
49, 824
91, 000
11, 621, 987
87, 500
500
593,718
160,800
204, 715
9, 393,191
58, 251
200, 318
'
312, 823,494 114, 401, 908
1,458, 013
3,000
74,950
35, 650
5,000
258, 053
6,800
25, 000
""i,'655,"24l'
93, 272
782, 899
1, 255, 335
112, 699
557, 624
1, 824, 996
1, 065,411
200, 291
678, 397
2,000
985
1,035,903
188,445
3 203
$125, 949
1,555
144, 695
52, 375, 769
25, 045, 654
146,680
11, 500
19, 216
238, 085
240,195
161, 765
60, 813
11,891
19,999
65,851
69,157
45, 027
6,390
36,301
168,891
1,620,553
4,771, 073
6, 297, 519
59, 835
391,462
50, 768
1,666
4,736
68,161
66,135
13,171
24,949
750
36,556
25,029
112, 681
183,012
978,595
16, 754
438, 933
18, 361, 417
15,192
40,000
136, 544
1, 014, 292
589,474
2, 640,471
226,850
87, 655
2, 535,190
35,637
38,735
9, 081
209,960
216,410
84,402
352, 573
88,402
92
9,704
34, 321
25, 011,231
18,285,113
5, 392, 578
669,913
45, 038, 830 107, 963,932
70,660, 882
30, 438, 232
971, 266
123, 600
93, 548
13, 000
4, 272, 570
317, 800
2,188
36, 366, 306
82, 952,701
5,000
1,589,913
45, 974, 526
10, 909, 252
44, 711, 013
217,286
900,345
7,455, 214
1
• 2
3
4
5
6
7
8
$1, 050,675
908, 323
207,952
4,048, 068
2,153,714
3,837, 034
8, 602,985
1 062 268
9,174, 670
82, 755
7,050
36,685
320, 278, 708 115, 991,821
2, 595, 805
$1,169,018
563,069
10, 089, 220
268, 945
14,470
43,132
139, 267,045
$3, 797, 743
8, 485, 242
355, 341
32,607
9,034
1,149, 272
530,121
17, 840
155,415
365, 050
115,154
100, 200
All other Due from Real estate, Current
bonds and other b a n k s furniture, expenses
and
and taxes
and
stocks.
bankers.
paid. "
fixtures,
327,817
99,'in"
50,940
1,059,047
15, 643
18, 985
38,359
110, 021
1,000
214, 261
169,101
3, 824, 661
163,171
]8, 064
10, 825
9
10
11
12
13
14
15
16
301, 353
21, 810
4, 862
960
1,309
17,801
8,531
2,326
17, 252
6,593
11, 089
24,753
177, 716
256,422
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
21
22
244
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT OF REPORTS OF CONDITION OF MUTUAL AND STOCK SAVINGS
RESOUECES.
Location.
MUTUAL SAVINGS BANKS.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania*
Delaware*
Maryland
District of Columbia
West Virginia*
Ohio
Indiana
"Wisconsin
Total.
Cash and
cash items.
Other
LIABILITIES.
Total.
Capital
stock.
Surplus.
j
| $1,051,862
336,811
168,071
602,843
I
996,313
j 2,994,351
8,433,656
1,339,738
2,090,567
22,708
472,762
6,346
2,200
276,601
107,462
1,157
18,903,448
$50, 901,527
76, 091,519
17, 303,544
372,476, 568
67, 518, 278
123, 432, 832
667, 865, 396
35,532, 796
66, 995,999
4,018,958
39,750,391
730,884
180,033
23,759, 342
3,941, 223
97, 779
$1,954,501
2, 396,368
564,876
12,065,104
8,635,326 1,550,597,069
120,817,613
67,572
567,098
160,750
509,858
6,747, 821
198,661
6,475
59,977
202,660
21,020
148
4,177,383
89,741, 231
2,950, 303
5,796,860
361,371
465,404
1,965
76,000
266, 247
STOCK SAVINGS BANKS.
Vermont.
Pennsylvania*
Maryland
West Virginia*
North Carolina
South Carolina*
Georgia*
Florida*
Alabama*
Louisiana
Texas*
Tennessee*
Ohio*
Illinois
Michigan
Iowa
Minnesota
Nebraska
California
New Mexico .
Utah.
Washington*
56, 830
176, 949
!
47,174
39,430
5,583
313,971
66,248
16,316
49,740
147,601
56,264
322, 291
208, 648
3, 080, 306
2, 509, 640
198, 948
106,168
i, 061, 817
26, 622
175, 687
150,792
Total
10,817,025
Total all savings banks
29,720,473
75,036
6,272, 075
5, 734, 992
1,811,542
443, 072
3
334,383
26,331
4, 056, 615
1,036,854
2,622
310,314
70,612
419,021
1, 618,880
859, 509
1,978
2, 657,192
302
12,969, 048
33,747 |
38, 656, 204
55, 595, 274
"b, 258," 583*! 26,484,546
6,612 ]
8, 233, 345
8,871 !
4,487, 515
329,339 ! 126,218, 092
318, 228
856 I
3,050,513
52,233 I
2,352, 786
5, 867,125
$654,450
1,113,900
413,870
50, 000
40,000
324,727
269,200
80, 000
150,000
100, 000
122,460
611,000
1,843,400
4,997, 000
7,065,000
4, 565, 500
225, 000
790,300
7,106,403
80, 000
727,287
776, 630
389,157
88,140
16,000
5,032
154,750
36,019
14,934
101,580
141,487
884,2-29
1,646,854
1, 329,826
160,000
45, 292
3,974, 747
6,150
183,788
46,500
303, 920,000
32,106,127
9, 224,485
14,502,451 1,854, 517, 069
32,106,127
130,042,098
• Unofficial.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
245
BANKS IX THE UNITED STATES, 1890-'91—Continued.
LIABILITIES.
Other
Individual
undivided Dividends
deposits,
unpaid.
profits.
not savings.
$1,092, 251
4,139,476
445, 717
6, 329, 319
3, 757, 713
2,759,072
$47,781,166
69,531,024
16, 269, 265
353. 592, 937
63; 719,491
116, 406, 675
574,669,972
32, 462,603
59, 810, 529
3, 602, 469
38, 045, 752
703, 266
175, 541
21, 915,189
3,552,099
94, 687
1.361, 311
55,118
1,183, 290
27, 618
2,527
368,148
114,476
3,092
21, 639,128
152,141
143,458
36,059
3,906
6,768
169,836
38,121
9,099
13,963
97,802
87,388
71,889
392,734
974,951
1,628,496
80,380
90, 088
J l , 402,332, 665
$1,642
12,688
185
354
192
$1, 652,468
378,280
97,907
8,335
65, 553
149, 353
39, 585
128,480
280
560
1,427
351, 349
442, 640
13, 768, 014
13,711, 374
1,654
1,178
71,024
106,986
4,176,267
25,815,395
Savings
deposits.
333,140
556, 017
19,
364
19,364
31,746, 393
5,351, 038
2, 340,364
870, 845
199, 899
264, 348
3, 286,155
477,487
181,630
65,816
1,420, 798
384,183
1, 445, 834
9, 342, 897
16, a62, 302
29,887, 761
20, 821,495
7, 688, 677
3, 508,751
114,164, 523
165, 426
1,682, 040
834, 815
Other
liabilities.
$340. 02
418.19
293.26
326. 24
483.99
380. 58
388.86
259. 55
261.80
215.05
287.60
68.73
35.84
407.26
238. 65
130.42
5,727, 014
3,948,528
355.15
114,446
14, 003
3,502
74,411
9,546
37,158
24,318
17,225
' 7, 858
2,719
4,996
15,834
17, 494
2,533
1,078
1,770
4,366
4,309
11,169
25, 073
161,103
150,326
157,146
30, 391
26, 896
1136,497
11,062
7,984
6,850
310.65
297.83
320.28
40.01
45.31
187.84
188. 50
168.49
37.18
325.42
89.16
129.44
372.62
267.78
198.82
364. 35
252.99
130.45
836.39
155.76
210.41
121.87
:6, 584
44, 065
11, 880
1,400, 005
8,401
80,000
8,158
764
18,244
42,064
Averag
deposit
140,521
166, 264
55,477
1,083, 817
131,652
305,863
1,477, 819
125, 073
228,454
16,752
132,285
10,231
4,898
53, 812
14,884
726
$73,009
24, 651
23, 686
489, 208
4,490
89,702
I, 454,163
119, 890
27,299
80,649
Number of
depositors.
2,132
5,599
31, 782
100, 000
28, 776
24,469
10, 075
481,499
1, 097, 551
79, 288
20, 987
037, 904
65,474
47,545
56
220, 747, 084 i 2, 685, 576
3,214, 704
584,689
377.54
8,941, 718
4, 533, &17
358.04
31, 746,393 1,623,079,749
Due to
other
banks.
6,857
38, 119
897, 008
1,489, 891
30, 443
34,515
2,766,225
t Partially estimated.
24G
REPORT OF TTIi: COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OK SAVINGS BANKS FROM 188t>-'87 TO
1890-'9.1.
1886-'87.
Resources and liabilities.
684 banks.
Resources.
$457,441,6G6
Loans on real estate
145,553, J 35
Loans on personal, etc., security
37, 904, 817
Other loans and discounts
90,125
Overdrafts
180,248, 754
United States bonds
State, county, and municipal bonds. 215,764,815
74, 408, 931
.Railroad bonds and stocks
40, 067, 680
Bank stocks
Other stocks, bonds, and mortgages. 50, 684, 227
Due from other banks and bankers 55,109, 727
Real estate, furniture, and fixtures 29, 639, 750
Current expenses and taxes paid... 1,761, 450
18, 005, 235
Cash and cash items
70,980,412
Other resources
1887-'8
801 banks.
1888-'89.
1889-'9O.
1890-'91.
849 b a n k s .
921 b a n k s .
1,011 b a n k s .
$501, 067, 089 $567, 373,144 $634, 229, 417
]G5, 177, 626 160, 816,153
70, 227, 806
76, 909,500
74, 551, 588 182, 091, 574
158, 201
813, 211
303, 316
183, 527, 275 158, 923, 630 148, 532, 828
287, 449,125 280,139,464 303, 919, 560
81), 715, 358 101,443, 381 110,405, 678
41, 196,166
42, 263, 654
43, 735,762
54, 661, 636 101, 819, 419 111, 575,177
57, 103,157
61, 534,576
65,126,477
28, 989, 343
29, 652, 572
30, 211, 272
475, 407
593,924
753, 963
29,928, 532
30,147, 978
21, 565, 317
12,758, 967
11, 940,849
11,356,193
$687,583, 977
93, 679,153
198,134, 045
286, 254
139, 267,045
320, 278, 708
115, 991, 821
45,038,830
107, 963, 932
70, 660,882
30, 438, 232
971,266
29, 720,473
14,502,451
1,377,660,724 1,519,936,049 1,622,612,215 1,742,617,001 1,854, 517,069
Total.
Liabilities.
16, 350, 321
10, 090, 866
23, 311,848
26,401, 035
32,106,127
Capital stock
119, 695, 310 109, 636, 940 127, 225, 533 133, 762,883
130,042, 098
Surplus fund
23, 059, 342
7, 204, 933
19, 845, 228
22,774, 766
25, 815, 395
Other undivided profits
37, 488
193, 386
44,696
19, 364
123, 298
Dividends unpaid
1,235,736,069 1,364,196,550 1,425,230,349 1,524,844,506 1, 623, 079,749
I n d i v i d u a l deposits (savings)
19,160, 976
31,746,393
25,179,450
Individual deposits (not savings) .
90. 788
1, 054,810
992, 323
2,766,225
1, 996,161
D u e to other b a n k s and b a n k e r s . . .
4, 649, 372
5, 600, 598
6,801, 262
8,941, 718
7, 534, 902
Other liabilities
1,377,660,724 1,519,936,049 1,622,612,215 1,742,617,001 1,854,517,069
Total
TABLE SHOWING BY STATES, THE AGGREGATE DEPOSITS OF SAVINGS BANKS, WITH
THE NUMBER OF THE
DEPOSITORS AND THE AVERAGE AMOUNT DUE TO EACH, IN
;
1889-'9O AND 1890- 91.
1889-'9O.
States.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
West Virginia
North Carolina
South Carolina
Georgia
Florida
.Alabama
Louisiana
Texas
Tennessee
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Nebraska
California
Montana
New Mexico
Utah
Washington
N u m b e r ot
depositors.
A m o u n t of
deposits.
1890-'91.
Average
to each
depositor.
132,192
159,782
65, 759
1, 029, 694
127, 898
294, 896
1, 420,997
117|853
221,613
16, 000
*323, 814
12,534
6,230
4,043
*21, 855
*43,876
467
$43,977, 085
05, 727, 019
19, 330, 564
332, 723, 688
60, 479, 707
110,370,962
550, 066, 657
. 30,946,878
65, 5S2. 943
3, 603; 531
35, 924, 111
1,303,717
300, 228
209,363
3, 274,440
2, 637, 648
85,462
$332.68
411. 35
293. 96
323.13
472. 88
374. 27
387.10
262.58
295.93
225. 22
290.15
104.01
48.19
51.78
149. 82
60.12
183. 00
3,421
1,182,482
345. 65
3,650,940
13, 577
*73, 335 " 28,143, 263
3,078, 608
13,062
11,193, 401
42,170
27, 237, 582
124,664
67,539
615
16,336,787
*44,838
5, 845, 209
21,017
2,632,970
18, 558
98,442,007
*124,967
344, 599
3,233
109, 407
418
1,512,580
*9,881
523,129
5,634
121. 60
383. 76
235. 69
265.43
218.49
109. 81
364.35
278.12
141.19
787.74
106. 59
261.74
153.08
92.85
Total
4,258, 893
1, 524, 844, 506
358. 04
• P a r t i a l l y estimated.
N u m b e r of
depositors.
A m o u n t of
deposits.
Average
to each
depositor.
140, 521
166, 264
72,702
1,083,817
131,652
305, 863
1, 477, 819
125,073
236,312
16,752
135, 004
10,231
9,894
*5, 834
17, 494
2,533
1, 078
1,770
4,366
4,309
11,169
78,885
14, 884
*61,103
150,326
726
*57,146
*30, 391
26, 896
*136,497
$47, 781,166
69, 531, 024
21, 620, 303
353, 592,937
63, 719,491
116,406,675
574, 669, 972
32,462,603
62,150, 893
3, 602, 469
38,916, 597
703,266
375,440
264, 348
3, 286,155
477,487
181,630
65, 816
1,420,798
384,183
1,445,834
31, 258, 086
3, 552,099
16, 362, 302
29,887,761
94, 687
20,821,495
7, 688. 677
3, 508, 751
114,164, 523
$340.02
418.19
297. 38
326.24
483.99
380.58
388.86
259.55
263.00
215. 05
288.26
68.73
37.94
45.31
187. 84
188.50
168.49
37.18
325.42
89.16
129.44
396.24
,
238.65
267.78
198.82
130.42
364.35
352.99
130.45
836. 39
*1,062
*7,994
6,850
165, 426
1, 682, 040
834, 815
155.76
210.41
121.87
4, 533, 217 1,623, 079,749
358.04
REPORT OF THE COMPTROLLER. OF THE CURRENCY.
247
LOAN AND TRUST COMPANIES.
AGGREGATE RESOURCES AND LIABILITIES OF LOAN AND TRUST COMPANIES FROM
1886-'87 TO 1890-791.
Resources and liabilities.
1886-'87.
1887-'88.
1888-'89.
]889-'9O.
1890-'91.
58 banks.
120 banks.
120 banks.
149 banks.
171 banks.
Resources.
$16,269,993 $46,606, 390 $53, 349, 045 $56, 669, 834 $65, 072, 641
Loans on real estate
Loans on pers'l and collat'l security. 36, 544, 018 175,033, 893 193, 610, 054 209, 617, 297 225, 012, 238
Other loans and discounts
143,282,819
20,060,365 44,491, 268 61.595,409
66,791, 541
12, 810
Overdrafts
24, 311
83, 957
91, 362
105, 608
United States bonds
28,787,717
22,899,766
27,193,201
24, 921,203
16,057,015
State, county, and municipal bonds
178,148
2,006,479
3,765, 747
2, 993, 365
3,828, 397
Railroad bonds and stocks
7,400, 348 15,702,430
19,352, 398 26.102,410
29,771,125
132, 651
660,468
Bank stocks
737, 312
1,230, 642
1,159, 776
Other stocks, bonds, and mortgages. 36,428, 878 31,309,770
25, 676,359 40,459, 876
43,157,008
18, 795, 503 19,791, 922 25, 084,040 33, 307, 028
Due from other banks and bankers
39,948, 373
Heal estate, furniture, and fixtures.. 11,087,272
13,951, 791 14,455, 406 16, 845, 480
17,357,290
Current expenses and taxes paid...
433,509
605,173
498, 018
568, 924
743,684
Cash and cash items
16, 822, 224 19,788, 298 25,236,526
19,861,137
16,482, 207
2,949,767
6,212,421
Other resources
7,795,152
9, 537, 369 11,141,299
319,125,657
Total.
383,653,477
441,268,483 503,801, 336
536,628, 202
53,243,510
59,445,937
70, 676, 247
24,105, 371 25,683,905
34,594,751
11, 846, 316 13,199, 209 12,-233,252
14,420, 537 16,902, 812 19, 565, 215
581,255
198, 319
271, 981
203,460
240,190,711 257, 878,114 299,612, 899 336,456,492
2, 046,965
3,013,572
5, 606,897
2,863, 248
9,197,706 19, 914, 345 23, 238,168 27, 208, 671
79,292,889
38,412,197
17,091,648
18, 907, 550
83, 396
355, 330, 080
2, 210, 772
25,299, 670
319,125, 657 383, 653,477 441,268,483
536,628,202
Liabilities.
Capital stock
Surplus fund
Other undivided profits
Debenture bonds
Dividends u n p a i d
I n d i v i d u a l deposits
Due to other b a n k s and b a n k e r s .
Other liabilities
Total .
36, 355, 769
15, 841, 793
11, 351, 526
503,801,336
PRIVATE BANKS—OFFICIAL AND UNOFFICIAL.
AGGREGATE RESOURCES AND LIABILITIES OF PRIVATE BANKS IN 1887, 1888, 1889,
1890, AND 1891.
1887.
Resources and liabilities.
1889.
1890.
1891.
1,001 banks. 1,203 banks. 1,324 banks. 1,344 banks. 1,235 banks.
Resources.
Loans on real estate
Loans on personal, etc., security
Other loans and discounts
Overdrafts
United States bonds
State bonds
Railroad bonds and stocks
Bank stocks
Other stocks, bonds, etc
Due from banks and bankers
Real estate, furniture, etc
Current expenses, etc
Cash and cash items
Other resources
Total...
$17, 588,540
63, 774, 934
24, 365,262
1, 858, 778
4,354, 656
356,234
2,904, 872
592, 991
6, 743, 050
22, 226, 065
9, 757,816
751,547
' 15, 663,724
3,539,870
$9, 574, 069
66, 607, 009
26, 795, 379
2. 072, 386
i;718, 722
762,404
1,168,584
695,492 •
4,417, 689
20,900,891
10,110, 310
908, 572
14,827,171
3,154,578
$8, 3SB, 735
17,121, 720
65,480, 534
1,733,213
1,421,537
814, 083
470, 627
514, 770
3, 216, 823
19, 753,173
9,474,378
815,829
11,911,866
1,845,449
$10,678, 574
21, 363,819
72,922, 802
2,437,105
1, 643,560
936,491
536, 068
866, 787
3,951, 600
21, 726,466
9,812,101
960,400
14,479,550
1, 705,499
$15, 997, 251
16, 738, 321
68,180,783
2,475,025
1,509,155
908, 983
737,239
634,140
1,883,192
19, 380, 059
9,217,951
797,326
11,977,512
1,209, 081
174,478, 339
163, 713, 256
142, 961,337
164,020, 822
151, 646,018
40, 079,438
12,238,065
5,925, 835
370,055
96, 580,457
946,192
1,158, 905
5,813,151
11,566,241
40, 842,074
9,588,238
5,289,748
84,658
94, 878,842
2, 419,440
1, 064, 039
4, 901,448
4, 644,769
38,038,690
8,2»S, 516
3,555,590
67, 326
83,183, 718
693,969
563,025
3,432, 360
5,160,143
41,042, 018
9,741,183
4, 677, 667
3G, 785,458
8,993, 987
3,152, 635
99, 521, 667
902, 481
586,210
3,812, 799
3,736,797
94, 959, 727
174,478,339
163, 713,256
142, 961, 337
164,020,822
151, 646, 018
Liabilities.
Capital
Surplus fund
Other undivided profits
Dividends unpaid
Individual deposits
State, county, etc., deposits . . . .
Deposits of State, etc., officers
Due to banks and bankers
Other liabilities
Total
2,240,371
5, 513,840
248
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTKACT OF REPOKTS OF CONDITION OF THE
RESOUECES.
Date of
report.
Location.
No. of
banks.
Loans on
Loans on
collateral
real estate.
New York
Pennsylvania...
Maryland
North Carolina *
Georgia
Florida
Alabama
Texas
Kentucky
Ohio
Indiana
Illinois
Michigan
"Wisconsin*
Iowa
Minnesota
Missouri*
Kansas
Nebraska*
Colorado
Nevada
California*
Oregon
South Dakota...
Idaho
Montana
New Mexico
Utah
Washington —
Wyoming
Oklahoma
Jnne 30,1891
....do
.do .
.do .
.do.
.do .
.do .
.do .
.do .
.do.
.do.
.do .
.do .
.do .
do
do
May 16,1891
June 30,1891
....do
....do
July 1,1891
June 30,1891
....do
.do .
.do.
.do .
.do .
.do.
.do.
.do .
25
42
4
13
5
4
6
24
4
86
59
164
59
101
177
49
100
96
124
12
3
20
5
27
3
3
1
4
4
1,235
Total.
$567,238
713,166
9,725
200,314
$234,804
593,929
3,500
32, 638
60,758
1, 669,181
1,400
1,861, 312
402, 218
3,062,091
516, 871
151,646
211,494
910,885
1,200
1,132, 624
292, 962
3, 882, 278
630, 788
1,581,144
2,761, 839
611,760
308,553
1,585, 612
843, 608
4, 763, 563
357,256
97,075
164,619
1,093,632
17,171
87, 955
2,654
4,000
380
106, 060
37, 031
26,466
168, 758
15,997, 251
2; ooo
343, 991
136, 391
223, 761
1,625
15,061
20,000
3,161
227,424
16, 738,321
RESOUECES—continued.
Current
Other
expenses Cash and
andtaxea cash items. resources.
paid.
Location.
New York
Pennsylvania .
Maryland
North Carolina5
Georgia
Florida
Alabama - ;
Texas
Kentucky
Ohio
Indiana
Illinois
Michigan
Wisconsin* . . .
Iowa
Minnesota
Missouri*
Kansas
Nebraska*
Colorado
Nevada
California*
Oregon
South Dakota.
Idaho
Montana
New Mexico . .
Utah
Washington . .
Wyoming
Oklahoma
101, 576
247,853
1,176
558, 543
450, 963
934, 018
384, 249
690, 005
1,436, 004
1,228,164
386, 445
647, 372
53, 762
221,813
13,200
509, 335
35,436
150,331
8,002
6,805
21, 000
189, 055
23, 962
98,885
2,443
Total.
9,217,951
$9, 309
60,064
393
8,750
2,968
18,129
39, 406
900
88,198
33, 340
121,036
23, 974
45, 726
139,779
42,684
" 88,'558"
19,846
17, 065
4,804
4,229
19,461
267
830
'""587"
159
6,627
237
$227, 885
844,553
25,464
110, 392
29,717
26, 864
116,791
387, 80S
55, 616
1, 250, 611
1,137,964
1, 982, 827
382, 697
991, 579
1,215,994
302,218
717,621
608, 890
423, 764
118,847
59, 434
542, 763
33,105
69, 295
9,350
4,549
966
129, 429
20, 261
145,461
4,715
797, 326 11, 977,512
•Official.
13,069
4,158
7,291
16, 091
249, 620
59,668
71,900
83, 949
79,369
63, 634
24,867
209, 245
23, 246
28,929
180,749
3,280
53,478
794
7,840
790
515
1,137
1,104
Total.
$3, 601, 763
13, 025, 571
476,710
1, 311,101
905, 228
418,213
1,035,750
5,782, 356
568,940
13, 648, 750
12, 049, 877
22,996, 682
4,869, 989
10,304, 703
17, 854, 673
9,190, 002
8,374,277
6,889,291
6,173,550
1, 084, 391
499, 558
5,114, 318
288,788
1, 210, 760
120, 339
78,777
41,721
2,198,226
219,243
1,258,434
54, 037
1, 209, 081 151,646,018
REPORT OF THE COMPTROLLER OF THE CURRENCY.
249
PRIVATE BANKS IX THE UNITED STATES, 1891.
RESOURCES—continued.
Loans a n d
Overdrafts.
discounts.
$1,660,629
8,161,332
275,216
568,654
673,618
57,646
241, 345
1, 604,435
354, 524
6,291, 851
7,073,144
7, 757,480
2, 070, 741
6, 507, 911
8, 764, 377
2, 629, 696
3,507,969
5,140,902
219,730
70,719
1.909,727
25,000
441,635
20, 039
34,064
5,583
1,394, 062
71,444
604,400
42, 910
68,180, 783
XT. S. bonds.
$100,287
600
$11,127
16,372
1,481
153,282
13,444
4,583
5, 814
116, 279
2,360
96,241
141, 203
412, 666
27, 602
109, 721
393, 802
46, 905
199,826
191,826
241,924
31,739
139, 066
State,
Hail road
county,
bonds and
municipal,
stocks.
etc., bonds.
$10, 594
14,800
Due from
AU other
bonds and other b a n k s
and
bankstocks.
ers.
Bank
stocks.
$157,111
283, 750
$10,500
23, 000
10, 500
21, 850
500
9, 065
98,146
1,052, 984
84,730
24, 368
20,140
652
80,000
26, 034
46, 549
190,180
134, 887
215,230
58, 769
23,000
30,000
22, 000
29, 380
2,640
53, 759
4,000
60,362
15,750
98,277
36, 920
45,120
22,233
18, 798
18, 693
3,000
105,554
44,535
106,060
23, 637
2,545
143,033
104, 000
14, 650
8,656
$39,938
•109, 249
38, 317
26, 256
56,196
9,320
78, 990
48,630
215,705
31,197
207,841
25,185
205,181
59,422
108,423
165,007
194,842
42, 650
6,817
9,250
162,881
3,300
24,975
86
12,122
14,577
60,723
945
260
11,556
3,152
14,096
331
225
3,000
23, 615
19 599
2,475,025
1,509,155
908,983
256
7,000
10, 000
15,528
737,239
634,140
1,883,192
$375,126
1, 790, 204
53, 982
139,456
34,066
94,629
97,853
625,310
67,466
1,488,062
1,199, 787 '
4,165,706
614,563
1, 674, 711
2,528 432
971,291
1,426, 055
605,565
212,806
164,962
36,466
371,240
18,754
125,297
16,799
4,683
12, 261
336,962
25,321
98,844
3,401
1
2
3
4
5
6
7
8
q
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
19,380,059
LIABILITIES.
Capital.
Surplus.
I n d i v i d u a l deposits.
$26, 062
207,164
8,660
29,197
26,962
2, 240,371
$717,055
1,70 9, 229
188,897
286,770
481.650
74,003
352.000
1,55 8,972
107,500
2,70 2,943
3,00 4,646
4,63 4, 573
1,21 6,753
1,34 3,322
5,38 3,039
2,05 3,092
1,23 4,000
2,17 6,654
3,84 0,900
143,500
226, 000
1,91 8,631
98,000
511,205
2,500
35,000
16,696
320,000
100,000
317,868
30,000
$360, 997
1,039, 820
10, 655
125,160
10,000
63, 994
48, 400
153,072
13, 223
694,344
627, 801
1, 213, 919
250, 546
728, 749
1,056, 557
200, 826
611,995
373, 944
112, 960
15,875
15, 000
373,812
25,000
82, 950
6,050
5,055
$92, 744
403, 244
1,093
34, 917
27, 004
5,330
70,914
150,176
8,428
282, 659
180,178
374, 408
84, 315
2,039
585,023
277,179
754,192
17,091
2,000
29, 050
1,669
22,117
1, 384
$2, 264, 888
9, 581, 982
267,405
668, 788
293,141
269,010
502, 779
3, 579, 659
439, 789
9,330, 017
7, 827, 204
16,336, 505
3,256,409
8,041,067
10, 538, 258
4, 075, 683
6,352, 585
3,539,160
1,332,158
873,496
186,683
2, 610, 988
147,081
488,161
87,183
30,143
15, 675
1,048, 331
106, 747
848,149
20,303
36,785,458
8,993, 987
3,152, 035
94,959 727
Due to other
banks, etc.
Other undivided profits.
268, 613
150,250
32,264
9,035
11,414
42,064
2,577
2,547
8,398
146,451
309, 306
317,164
187,132
35,748
141, 369
63, 612
66, 416
85,197
150,208
88, 626
6,791
61,739
174, 602
7,293
23, 731
17,970
2,984
15, 903
1,427
30, 209
50
Other
liabilities.
$140,017
84,132
166,269
66,471
5,876
53,259
194,026
329,481
92,884
250,145
26, 218
48,157
228,184
2,516,806
90, 500
380, 712
648,656
12,405
1,101
36, 285
62,649
4,059
3,048
9,350
30,750
9,400
23, 000
5, 513,840
1
2
3
4
5
b
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
250
REPORT OF TTTE COMPTROLLER OF THE CURRENCY.
REPORT OF THE CONDITION OF THE NATIONAL SAVINGS BANK OF THE DISTRICT OF
COLUMBIA, AT WASHINGTON, D. C, AT THE CLOSE OF BUSINESS ON THE 25TH
DAY OF SEPTEMBER, 1891.
DR.
CR.
LIABILITIES.
RESOURCES.
Loans and discounts (see schedule).. $391,555. 23 Undivided profits
Stocks, securities,%tc. (see schedule). 87,500. 00 Individual d e p o s i t s
subject to check
$486,508.71
Due from State and private banks
26, 467. 09 Time certificates of deand bankers
posit
1,000.00
Other real estate and mortgages
2, 000.00
owned (see schedule)
2,187. 73
Current expenses and taxes paid
Checks and other cash items (see
2,824.56
schedule)
Fractional paper currency, nickels,
6.03
and cents
Specie, viz:
Silver Treasury certificates
$450.00
Fractional silver coin..
30.00
480!00
4, 550.00
Legal-tender notes
$30, 061,93
517, 570. 64
517,570.64
Total
487,508.71
Total
SCHEDULES.
Loans and
discounts.
On demand, secured by stocks, bonds, and other personal securities
On time, on mortgages or other real-estate security
Total
$120,689.48
270,865. 75
391,555.23
Stocks, securities, etc.
District
District
District
State of
of Columbia 5s
of Columbians
of Columbia 3-65s
Pennsylvania 4s
-
$50,000.00
3,000.00
24, 500.00
10, P00.00
•
Total
87,500.00
The highest rate of interest paid by the bank on deposits is 2 per cent.
I, Benjamin P. Snyder, president of the National Savings Bank of the District of Columbia, do
solemnly swear that the above statement is true, and that the schedules on back of the report fully and
correctly represent the true state of the several matters therein contained to the best of my knowledge and belief.
BENJAMIN P. SNYDER, President.
DISTRICT OP COLUMBIA, County of Washington:
Sworn to and subscribed before me this 6th day of October, 1891.
[SEAL.]
Correct. Attest:
WILLARD H. MYERS, Notary Public.
ANDREW WYLIE, )
LEWIS CLEPHANE, > Directors.
M. Gr. EMERY,
)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
251
REPORT OF TUP: CONDITION OF THE NATIONAL SAFE DEPOSIT COMPANY OF WASHINGTON, AT WASHINGTON, D. C.? AT THE CLOSE OF BUSINESS ON THE 25TH DAY OF
SEPTEMBER, 1891.
DR.
CR.
RESOURCES.
LIABILITIES.
Loans and discounts (see schedule).. $576, 609.11 Capital stock paid in
United States bonds on hand (par
Undivided profits
194, 950. 00 Individual deposits subject to check.
value)
36,000.00 Bills payable
Stocks, securities, etc. (see schedule).
Due from State and private banks and
bankers
215,337.63
Banking house
$665, 000.00
Furniture and fixtures... 110, 5X1.07
775, 511.07
3,836.60
Current expenses and taxes paid
Premium on United States bonds
38,417.32
Bills of other banks
400.00
Fractional paper currency, nickels,
and cents
9.96
Specie, etc., viz:
Silver dollars
$200.00
Silver Treasury certificates
7,500.00
Fractional sirves-coin.. 360.00
8, 060.00
13, 500. 00
Legal-tender notes
1,862, 631. 69
Total
Total
$777, 550. 00
16,336. 51
818, 745.18
250, 000.00
1, 862,631.69
SCHEDULES.
Loans and discounts.
On demand, secured by stocks, bonds, and other personal securities
On time, on mortgages or other real-estate security
Total
:
$316,813.73
259,795.38
-
576,609.11
Stocks, securities, ete.
Chesapeake and Potomac 5s
'.
U. S. Electric Light Company 6s
Hannibal, Mo., 6s
,
Masonic Hall Association 5s
Washington and Georgetown Railroad 6s
Washington Market Company 6s
$18,000. 00
1, 000.00
4,000.00
2,000.00
10,000. 00
1,000.00
Total
36,000.00
The highest rate of interest paid by the bank on deposits is 2 per cent.
I, Benjamin P. Snyder, president of the National Safe Deposit Company of Washington, do solemnly
swear that the above statement is true, and that the schedules on the back of the report fully and correctly represent the true state of the several matters therein contained to the best of my knowledge
and belief.
BENJAMIN P . SNYDER, President.
DISTRICT OP COLUMBIA, County of Washington :
Sworn to and subscribed before me this 30th day of September, 1891.
[SEAL.]
WILLAKD H. MYERS, Notary Public.
Correct. Attests
E. FRANCIS RIGGS, )
ANDREW WYLIE,
> Directors.
M. G. EMEKY,
)
irr or TIN-; COMPTKOLLKK, OF THE CUKKENCY.
REPORT OF THK CONDITION" OF THE WASHINGTON LOAN AND TRUST COMPANY, AT
WASHINGTON, TN THE DISTRICT OF COLTTMP.IA, AT THE CLOSE OF BUSINESS ON
THE 25TH DAY OF SEPTKMBFU, 1891.
DR.
CJJ.
RESOURCES.
LIABILITIES.
Loans and discounts (see schedule).. $816, 892.08
Stocks, securities, etc. (see schedule) - 41, 375. 84
51,150. 24
Due from other national banks
Due from State and private banks
30, 928. 72
and bankers and trust companies..
Banking house
$485,454. 78
Furniture and fixtures -.
1, 074.30
Current expenses and taxes paid
Vault and safe work
Checks and other cash items (see
schedule)
Accrued interest
Total
Capital stock paid in
Undivided profits
Individual d e p o s i t s
subject to check
$277, 578. 01
Time certificates of deposit
203, 457. 88
486, 529. 08 Interest
10, 614. 32
32, 596.00 1
10, 712.07
14, 322.98
accrued on deposits.
$939, 659.00
72, 664. 55
481,035.83
1,767.89
1
1,495,127. 33
Total
1,495,127.33
SCHEDULES.
Loans and discounts.
On demand, secured by stocks, bonds, and other personal securities
On time, paper with two or more individual or firm names,
On time, secured by stocks, bonds, and other personal securities
On time, on mortgages or other real-estate security
$170, 553.91
2,047.50
161, 551.21
482, 739.46
Total
816,892.08
Included in the above a r e Suspended and overdue paper awaiting rearrangement
Liabilities of directors (individual and firm) as payers
18, 300.00
124, 000. 00
Stocks, securities, etc.
Edison Electric Illuminating Co.'s bonds
Ohio National Bank stock
Washington Loan and Trust stock
€ hecks and other cash items :
Checks and drafts on banks, etc., in this city
Checks and drafts on other banks
$18,000.00
192.00
21,183. 82
5, 712.07
5,000.00
Total
50,087.89
I, Vm. B. Robison, secretary of the Washington Loan and Trust Company, do solemnly swear that the
above statement is true, and that the schedules on back of the report fully and correctly represent the
true state of the several matters therein contained to the best of my knowledge and belief.
W. 13. ROBISON, Secretary.
DISTRICT OF COLUMBIA, County of Washington:
Sworn to and subscribed before me this first day of October, 1891.
[SEAL.]
*
HENRY E. COOPER, Notary Public.
Correct. Attest:
B. H. WAENEE,
JNO. JOY EDSON,
JOHN E. LARNER,
A. A. WILSON,
JOHN S. SWORMSTEDT,
ALBERT F. VOX,
LOUIS D. WINE,
y
JOHN HIDOUT,
I
WILLIAM B. GURLEY,
O. C. GREEN,
JOHN T. ARMS,
GEO. TRUESDELL,
JAS. L. BARBOUE,
N. H. SHEA,
Directors,
REPOET OF THE COMPTROLLER OF THE CURRENCY. 253
REPORT OF THE CONDITION OF THE AMERICAN SECURITY AND TRUST COMPANY, AT
WASHINGTON; IN THE DISTRICT OF COLUMBIA, AT THE CLOSE OF BUSINESS ON
- THE 25TH DAY OF SEPTEMBER, 1891.
DB.
CR.
RESOURCES.
LIABILITIES.
Loans and discounts (see schedule) - $1, 388,123. 64
38.02
Overdrafts
93, 500.00
Stocks, securities, etc. (see schedule)
122, 050. 07
Due from other national banks
Due from State and private banks
64, 606. 35
and bankers
Banking house
$106,076.38
Furniture and fixtures . 5,824.07
111, 900.45
Other real estate and mortgages
owned (see schedule)
Current expenses and taxes paid . . .
Checks and other cash items (see
schedule)
Fractional paper currency, nickels,
and cents
Specie, viz:
Gold coin...
$1,830.00
Silver dollars
80.00
Fractional silver coin. 1,493.70
103,245.89
5.50
1,818.18
Capital stock paid in
$1,171, 660. 00
Surplus fund
25, 000. 00
Undivided profits
30,242.44
Individual deposits subject to check
$396,225.78
Time certificates of deposit
75,343.74
Certified checks
55.45
. 471,624.97
Interest due depositors
1,820. 00
Bills payable, deferred payment on
banking house
47, 680. 00
Liabilities other than those above
stated, debenture bonds
198, 750.00
Interest due on debenture bonds
3,700.00
1.61
3,403. 70
33, 784.00
28, 000. 00
Legal-tender notes.
Accrued interest
Total
1, 950,477.41
Total
1,950,477.41
SCHEDULES.
Loans and discounts.
On demand, secured by stocks, bonds, and other personal securities
On time, secured by stocks, bonds, and other personal securities
On time, on mortgages or other real-estate security.,
Total
$323,421.00
272, 834.66
791, 867.98
1,388,123.64
Stocks, securities) etc.
Washington Gas-light Company
Choptank Steamboat Company
Chesapeake and Potomac Telephone Company bonds
Claim against Chas. Early for forged mortgage
*... „
Checks and other cash items
*
Total
,
„
„
...
_.,_...
.
$43,000.00
5,000.00
43,000.00
2, 500 00
1, 818.18
95,318.18
Other real estate and mortgages owned.
Premises, storage warehouse, etc
Part lot 1, square 220
„ - . •.
$103,245.89
106,076.38
Total
209,322.27
I, Percy B. Metzger, treasurer of the American Security and Trust Company, do solemnly swear
that the above statement is true, and that the schedules on back of the report fully and correctly represent the true state of the several matters therein contained to the best of my knowledge and belief,
^**
,
DISTRICT OP COLUMBIA, City of Washington:
PERCY B. METZGER, Treasurer.
Sworn to and subscribed before me the 2d day of October, 1891.
[SEAL.J
Correct. Attest:
HOWARD S. REESIDE, Notary Public.
W. M. BEVEREDGE,
H. A. WlLLARD,
JAMES E. FITCH,
JOHN E. HERRELL,
HENRY F. BLOUNT,
W. S. THOMPSON,
A. T. BRITTON,
Directors,
254
REPORT OF THE COMPTROLLER OF THE CURRENCY.
CANADIAN BANKS.
SUMMALLY OF THE CONDITION OF THE FORTY CHARTERED BANKS OF THE DOMINION
OF CANA1)AJ ON JANUARY 31, 1891.
LIABILITIES.
KESOURCES.
Loans to the Dominion and provCapital stock .
$60,084,280.59
inces
$2, 382, 397. 42
Loans on collateral security other
Surplus fund .
22,005, 904.35
13,248,635.60
than real estate
181, 206, 395. 55 Other undivided profits.
Other loans and discounts
3,039,121.12
Overdrafts and overdue
Dominion bonds
2,462,371.80 Notes in circulation.
31,662,099.50
Provincial and foreign bonds, e t c . . 6,145, 589. 83
Railroad bonds and stocks
.! j Dividends unpaid
Bank stocks
760. 937.42 Individual deposits
Mortgages
I 134,422,071.33
Due trom other banks and bankers. 18, 608, 995. 25
Real estate, furniture, and fixtures. 5, 250, 332.79 Deposits of the Dominion and
Current expenses and taxes paid ..
Cash on hand:
6,492, 533.96
provinces
Checks and notes
of other banks.. $6,131,532.61
4,397,159.22
Due to other banks and bankers Gold and silver
coin
6,489,426.62
240, 560. 58
Other liabilities
Dominion notes.. 10,191,153. 00
22, 812,112. 23
Excess of liabilities.
893, 679.23
434, 061. 29
Other resources
Total
259, 304, 609.53
Total liabilities.
259, 304,609.53
AGGREGATE RESOURCES AND LIABILITIES
OF
THE NATIONAL BANKS
OCTOBER, 1863, TO OCTOBER, 1891.
265
256
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
APRIL.
JANUARY.
JULY.
OCTOBER 5.
Resources.
66 h a n k s .
$5, 466,088.33
5, 662, 600.00
106, 009.12
Dae from nat'l and other b'ks
Real pstate furniture etc
2, 625,597.05
177,565.69
53, 808. 92
2, 503. 69
Checks and other cash items.
Billsof nat'l and other banks.
Specie and other lawful mon'y
492,138. 58
764, 725. 00
1,446, 607.62
Total
16, 797, 644. 00
1§64.
JANUARY 4.
APRIL 4.
JULY 4.
OCTOBER 3.
139 banks.
307 b a n k s .
467 banks.
508 b a n k s .
Loans and discounts
XT. S. bonds and securities
Other items
Due from national banks
Due from other b'ks an db'krs.
Heal estate, furniture, etc
Current expenses
$10, 666, 095.60
15,112,250.00
74,571.48
$31, 593, 943.43
41,175,150. 00
432, 059. 95
$70, 746, 513. 33
92,530, 500.00
842, 017. 73
$9B, 238, 657. 92
108, 064, 400. 00
1, 434, 739.76
*4, 786,124. 58
381,144. 00
118,854.43
4,699, 479. 56
8, 537,908. 94
755, 696.41
352,720.77
15, 935, 730.13
17,337, 558. 66
1, 694, 049. 46
502,341. 31
19, 965, 720. 47
14, 051, 396. 31
2, 202, 318.20
1, 021, 669.02
Checks and other cash items.
Bills of nat'l and other banks.
Specie and other lawful mon'y
Total
577,507.92
895, 521.00
5,018,622. 57
2,651, 916.96
1, 660, 000. 00
22, 961, 411.64
5, 057,122.90
5,344,172.00
42,283, 798. 23
7, 640,169.14
4, 687,727.00
44,801,497.48
37, 630, 691. 58
114, 820, 287. 66
252, 273, 803.75
297,108,195. 30
1865.
Loans and discounts
U.S. bonds and securities
Other items
JANUARY 2.
APRIL 3.
JULY 3.
OCTOBER 2.
638 b a n k s .
907 b a n k s .
1,294 b a n k s .
1,513 banks.
$16(5,448, 718.00
176, 578, 750. 00
3,294, 883.27
$252, 404,208. 07
277, 619, 900. 00
4, 275, 769. 51
$362, 442, 743.08
391, 744, 850. 00
12, 569,120. 38
$487,170,136. 29
427, 731,300. 00
19,048, 513.15
Due from national banks
Due from other b'ks and b'krs.
Real estate, furniture, etc
Current exx»enses
Premiums paid
30, 820,175.44
19, 836, 072.83
4, 083, 226.12
1, 053, 725. 34
1,323, 023. 56
40,963,243.47
22, 554, 636. 57
6, 525,118. 80
2, 298, 025. 65
1, 823,291. 84
76,977,539.59
26, 078, 028.01
11,231,257.28
2, 338, 775. 56
2, 243, 210.31
89,978,980. 55
17, 393, 232.25
14, 703, 281. 77
4, 539, 525.11
2, 585, 501. 06
Cheoks and other cash items
Bills of nat'l and other banks.
Specie
Legal tenders and frac'l cur y
17, 837, 496.77
14, 275,153. 00
4, 481, 937. 68
72, 535,504.67
29, 681, 394.13
13, 710, 370.00
6, 659, 660.47
112, 999, 320. 59
41, 314, 904.50
21, 651, 826. 00
9,437, 060. 40
168, 426,166. 55
72,309,854.44
16, 247, 241. 00
18, 072, 012. 59
189, 988, 496. 28
771, 514, 939.10
1,126,455,481.66
1,359,768,074.49
Tofcil
512,568,666.68
* Including amount due from national banks.
EEPOET OF THE COMPTROLLER OF THE CURRENCY.
257
BANKS FROM OCTOBER, 1863, TO OCTOBER. 1891.
1863.
JANUARY.
APRIL.
JULY.
OCTOBER 5.
Liabilities.
66 b a n k s .
Capital stock
$7,188,393.00
Undivided profits
Individual and other deposits.
Due to nat'l and other banks*.
128,030.06
8, 497, 681.84
981,178.59
Other items
2,360.51
Total
16, 797, 644. 00
1804.
Capital stock
JANUARY 4.
APRIL 4.
JULY 4.
OCTOBER 3.
139 b a n k s .
307 b a n k s .
467 b a n k s .
508 b a n k s .
$14, 740, 522. 00
Surplus fund
Undivided profits
National b'k notesoutstanding
Individual and other deposits.
Due to nat'l and other banks*.
Other items
Total
$42, 204, 474. 00
$75, 213,945.00
432, 827. S
1,625,656.87
1,129, 910. 22
3, 094, 330. 11
2, 010,286.10
5, 982, 392.22
30,155. 00
19, 450, 492. 53
2,153, 779.38
9, 797, 975. 00
51, 274, 914. 01
6, 814, 930. 40
25, 825, 665.00
119,414,239 03
27, 382, 006. 37
45, 260, 504. 00
122,160,536.40
34, 802, 384.81
822, 914. 86
3,102, 337.38
213,708.02
43, 289. 77
37, 630, 691. 58
114, 820, 287. 66
252, 273, 803.75
297,108,195.30
.
$86,782,802.00
1865.
Capital stock
Surplus fund
Undivided profits
JANUARY 2.
APRIL 3.
JULY 3.
OCTOBER 2.
638 b a n k s .
907 b a n k s .
1,294 b a n k s .
1,513 b a n k s .
$135,618,874.00
$215, 326, 023. 00,
$325, 834, 558.00
$393,157,206.00
8, 663, 311. 22
12, 283, 812.65
17, 318, 942. 65
17, 800, 307.14
31, 303, 565.64
23,159,408.17
38,713, 380. 72
32, 350, 278.19
National b'k notes outstanding
66,769, 375.00
98, 896, 488. 00
131,452,158. 00
171, 321, 903. 00
Individual and other deposits.
United States deposits
183, 479, 636.98
37, 764, 729. 77
262,961,473.13
57, 630,141. 01
398, 357, 559. 59
58, 032,720.67
500, 910, 873.22
48,170, 381. 31
Due to national b a n k s
Due to other b ' k s and bankers*
30, 619,175. 57
37,104,130.62
41,301,031.16
59, 692, 581. 64
78, 261, 045. 64
79, 591, 594. 93
90, 044, 837. 08
84,155,161. 27
Other items
265, 620. 87
578, 951. 37
462, 871. 02
944, 053.70
Total
512, 568, 666.68
771,514,939.10
1,126, 455,481. 66
1,359,768, 074.49
* Including State bank circulation outstanding.
11167
17
258
REPORT OF THE COMPTROLLER
OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
1866.
JANUARY 1.
APRIL 2.
JULY 2.
OCTOBER 1.
1, 582 b a n k s .
1,612 b a n k s .
1,634 b a n k s .
1,644 banks.
Kesources.
Loans and discounts
U S.b'ds dep'd to secure circ'n
Other U. S. b'ds and securities
Oth'rstocks, b'ds, and mortg's
Due from national banks
Duefrom other b'ks and b'k'rs
Real estate, furniture, etc
Current expenses
Premiums paid
Checks and other cash items.
Bills of national and other b'ks
Specie
Legal tenders and fract'l cur'y
Total
$500, 650,109.19
298, 376, 850. 00
142, 003, 500.00
17, 483, 753.18
080, 526. 70
850, 300. 00
625, 750. 00
379, 738. 92
$550, 353, 094.17
320, 483,1550.00
121,152,950.00
17, 565, 911.46
$603, 314, 704.83
331,843,200.00
94, 974, 650. 00
15, 887, 490 0.6
93, 254, 551. 02
14,658,229.87
15, 436, 296.16
3,193, 717. 78
2, 423, 918.02
87, 564, 329. 71
13, 682, 345.12
15, 895, 564. 46
4, 927, 599. 79
2, 233, 516.31
96, 696, 482. 66
13, 982, 613. 23
16, 730, 923.62
3, 032, 716. 27
2,398, 872. 26
107, 650,174.18
15, 211,117.16
17,134, 002. 58
5,311, 253. 35
2,493, 773. 47
89, 837, 684. 50
20, 406,442.00
19,205,018.75
187, 846, 548. 82
105,490,619.36
18,279,816.00
17, 529, 778. 42
189, 867, 852. 52
96,077,134.53
17, 866, 742. 00
12, 629, b76. 30
201, 425, 041.63
103, 684, 249. 21
17, 437, 779. 00
9, 226,831. 82
205, 793, 578.76
1,476, 395, 208.13
1, 526, 962, 804.42
1, 404, 776, 619.29
1
Loans and discounts
U. S.bdsrtep'd to secure circ'n
IT. S. b'dsdep'd to sec're dep'ts
U. S. b'ds and sec"ties on hand.
Oth'r stocks, b'ds, andmortg's
Due from national banks
Due from other b'ks and b'k'rs
Real estate, furniture, etc
Current expenses
Premiums paid
Checks and other cash items.
Bills of national banks
Bills of other banks
Specie
Legal tenders and fract'l cur'y
Compound-interest noteH
Total..
$528,
315,
125,
17,
1,442,407,737.31
§67.
JANUARY 7.
APRIL 1.
' JULY 1.
OCTOBER 7.
1,648 banks.
1, 642 banks.
1,636 banks.
1,642 banks.
$608, 771, 799. 61
339, 570, 700.00
36,185, 950. CO
52, 949, U00. 00
15, 073, 737.45
$597, 648, 286.53
338, 863, 650. 00
38, 465, 800. 00
46, 639, 400. 00
20,194,875.21
$588,450, 396.12
337, 684, 250.00
38, 368, 950.00
45, 633, 700. 00
21, 452, 615. 43
$609, 675, 214. 61
338, 640,150. 00
37, 862,100. 00
42, 460, 800. 00
21, 507, 881.42
92, 552, 206. 29
12, 996,157- 49
18, 925, 315. 51
2, 822, 675.18
2, 860, 398. 85
94,121,186. 21
10, 737, 392. 90
19, 625, 893.81
5,693,784.17
3,411,325.56
95, 217, 610.14
8, 389, 226.47
20, 639, 708.23
5, 297, 494.13
2,764,186.35
101,430,220.18
19, 263, 718. 00
1, 176,142.00
19,726,043.20
104, 872, 371. 64
82, 047, 250. 00
87,951,405.13
12, 873, 785. 00
825, 748. 00
11, 444, 529.15
92,861,254.17
84, 065, 790. 00
92, 308, 911. 87
9,663, 322. 82
19, 800, 905. 86
3, 249,153. 31
3, 338, 600. 37
128,312,177.79
16,138, 769.00
531, 267. 00
11,128,672.98
102,534,613.46
75,488, 220. 00
134, 603, 231. 51
11,841, 104.00
333, 209. 00
12, 798, 044.40
100, 550, 849 91
56, 888, 250. 00
1, 511,222, 985.40
1,465, 451,105. 84
1,494, 084, 526. 01
1, 499, 469,060.17
JANUARY 6.
APRIL 6.
JULY 6.
OCTOBER 5.
1,642 b a n k s .
1,643 b a n k s .
1,640 b a n k s .
1,643 b a n k s .
Loans and discounts
U. S.b'ds dep'd to secure circ'n
U. S.b'ds dep'd to sec're dept'e
U. S. b'ds and sec'ties on hand.
Oth'r stocks, b'ds, andmortg's
$616, 603,479. 89
339, 004, 200.00
37, 315, 750.00
44,164, 500.00
19, 365, 864. 77
$628, 029, 347. 65
339,686,650.00
37, 446, 000. 00
45,958, 550. 00
19, 874, 384.33
$655,729, 546. 42
339, 569,100. 00
37, 853,150. (JO
43, 068,350.00
20, 007, 327.42
$657, 668, 847. 83
340, 487, 050. 00
37,360,150.00
36,817,600.00
20, 693, 406.40
Due from national banks
Due from other b ' k s and b'k'rs
Real estate, furniture, etc
Current expenses
Premiums paid
99,311,446.60
8, 480,199. 74
21,125,665.68
2, 986, 893.86
2, 464, 536. 96
95, 900,606.35
7, 074, 297.44
22, 082, 570. 25
5, 428, 460. 25
2, 660,106. 09
114,434,097.93
8, 642, 456. 72
22,699, 829. 70
2, 938, 519. 04
2, 432, 074. 37-
102,278, 547. 77
7,848, 822. 24
22, 747, 875.18
5,278,911.22
1, 819,815. 50
Checks and other cash items.
Bills of national banks
Bills of other banks
Fractional currency
Specie
Legal-tender notes
Compound-interest notea —
Three per cent, certificates...
109, 390, 266. 37
16, 655, 572. 00
261, 269. 00
1,927,876.78
20, 981, 601. 45
114,306,491.00
39, 997,030. 00
8,245, 000. 00
114,993, 036.23
12, 573, 514. 00
196,106. CO
1, 825, 640.16
18, 373, 943.22
84, 39d, 219. 00
38,917, 490.00
24, 255, 000. 00
124, 076, 097.71
13, 210,179.00
342, 550.00
1, 863, 358.91
20, 755, 919. 04
100,166,100. 00
19,473, 420. 00
44, 905, 000. 00
143, 241, 394. 99
11, 842, 974.00
222, 668. 00
2, 262, 791. 97
13, 003, 713.39
92, 453,475. 00
4, 513, 730.00
59, 080, COO. 00
1, 502, 647, 644.10
1,499, 668,920 97
1, 572,167, 076. 26
Total
1,559,621,773.49
REPORT OF TIIE COMPTROLLER OF THE CURRENCY.
259
BANKS FROM OCTOBER 1863, TO OCTOBER, 1891 — ContiDued.
t
§60.
JANUARY 1.
APRIL 2.
JULY 2.
OCT^EIl 1.
1,582 banks.
1,612 banks.
1,634 banks.
1,644 banks.
Liabilities.
Surplus fund
Undivided profits
._
National b'k notes outstand'g
State banknotes outstanding.
Individual deposits
U. 8. deposits
Dep'ts ot'U.S.disb'sing officers
Due to national banks
Due to other b'ks and bankers
Total
$403,357,346.00
$409, 273, 534.00
$414,270,493.00
43, 000, 370.78
28, 972, 493. 70
44,687,810.54
30, 964,422.73
50,151, 091. 77
29,286,175.45
53,359, 277. 64
32, 593,486. 69
213,239, 530. 00
45,449,155. 00
248,886, 282. 00
33, 800, 865. 00
267, 798, C78. 00
19,996, 163.00
280,253, 818.00
9, 748, 025. 00
522,507, 829. 27
29, 747, 236.15
531,734,950.33
29,150, 729. 82
533, 338,174. 25
36,038.185.03
3, 068, 892. 22
564, 616,777.64
30,420,819.80
2, 979, 955.77
94, 709, 074.15
23,793,584.24
89,067,501.54
21,841,641.35
96, 496, 726. 42
25, 951, 728.99
110,531,957.31
26,986,317.57
1, 404, 776, 619. 29
1, 442,407, 737.31
1,476,395,208.13
1,526,962,804.42
$415,472,369.00
1§67.
Capital stock
JANUARY 7.
APRIL 1.
JULY 1.
OCTOBER 7.
1,648 b a n k s .
1,642 b a n k s .
1,636 b a n k s .
1,642 b a n k s .
$420, 229, 739. 00
$119,399,484.00
$418, 558,148.00
Surplus fund
Undivided profits
National b'k notes outstand'g.
State bank notes outstanding.
59, 992,874.57
26, 961, 382. CO
60, 206, 013. 58
31,131,034.39
63, 232, 811.12
30, 656, 222. 84
66,695,587.01
33, 751, 446.21
291,436, 749. 00
6,961,499.00
292, 788, 572. 00
5,460, 312. 00
291,769,553.00
4,484,112.00
293, 887,941.00
4,092,153.00
U. S. deposits
Dep'tsofU.S.disb'singofficirs
558, 699, 768. 06
27, 284, 876. 93
2, 477, 509.48
512.046,182.47
27, 473, 005. 66
2,650,981.39
539, 599,076.10
29, 838, 391. 53
3, 474,192. 74
540, 797, 837.51
23, 062,119. 92
4, 352, 379. 43
Due to national banks
Due to other b'ks and bankers.
92, 761, 998.43
24,416,588,33
91,156,890.89
23,138, 629.46
89, 821, 751.60
22,659, 267.08
93,111,240.89
19, 644, 940.20
1,511, 222,98). 40
1,463,451,105.84
1,494, 084, 526.01
1,499,409,060.17
Total
1
$420, 073, 415. 00
§6§.
JANUARY 6.
APRIL 0.
JULY 6.
OCTOBER 5.
1,S42 b a n k s .
1,643 b a n k s .
1,640 b a n k s .
1,643 banks.
$420,260, 790.00
$420,676,210.00
$420,105,011.00
$420,634,511.00
70,586,125,70
31,399,877.57
72,349,119.60
32, 861, 597. 08
75, 840,118. 94
33, 543,223.35
77, 995, 761. 40
36,095, 883. 98
National b'k notes outstamVg.
State bank notes outstanding.
294,377, 390.00/<
3, 792, 013. 00 '
295, 336,044. 00
3,310,177.00
294,908,264.00
3,163, 771.00
295,769, 489.00
2, 906, 352.00
Individual deposits
U.S. deposits
Dep'tsof U. S.disb'sing officers
534, 704, 709 00
24,805,638 02
3, 208, 783.03
5H2, 011, 480. 36
22, 750, 3 \ 2. 77
4, 976, 682. 31
575, 842, 070.12
24, 603, 676. 96
3, 499, 389.99
580,940,820.85
17,573,250.64
4,570,478.16
Due to national banks
Due to other b'ks and ba nkers.
98,144, 66&. 61
2L, 867,648.17
94, 073, 631. 25
21,323, 636. 60
113, 306, 346.34
27, 355, 204. 5§
99,414,397. 28
23,720,829.18
1,502,647,644.10
1,499,668,920. 97
1, 572,167, 076.26
1,559,621,773.49
*
Capital stock
-.
Surplus fund--. Undivided profits
Total
260
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
1§69.
Tsesources.
JANUARY 4.
APRIL 17.
JUNK 12.
OCTOBER 9.
1,628 banks.
1,620 banks.
1,619 banks.
1,617 banks.
$644, 945, 039. 53
Loans and discounts
338, 539, 950. 00
(J. S. bonds to secure circ'lat'n
34, 538, 350. 00
U. S. bonds to secure deposits.
35, 010, 000. 00
U. S.b'dsandsec'ties on hand.
Oth'r stocks, b'ds,and mortg's
20,127, 732.96
65, 727, 070. 80
Due from redeeming agents.
36,067,310.84
Due from other national b'nks
7,715,719.34
Due from State b'ks and b'k'rs
23, 289, 838. 28
Real estate, furniture, etc
3,265, 990. 81
Current expenses
1, 654, 352.70
142, 605, 984. 92
Chocks and other caah items .
14, 684, 799. 0i)
Bills of other national banks.
2,280,471.06
Fractional currency
29, 626, 750.26
Specie
88, 239, 300.00
Legal tender notes
52, 075, 000. 00
Three per cent, certificates . .
$662, 084, 813. 47
338, 379, 250. 00
29,721,350.00
30. 226, 550. 00
20, 074, 435. 69
57, 554, 382. 55
30,520,527.89
8, 075, 595. 60
23,798,188.13
5, 641,195. 01
1, 716, 210. 13
154,137,191.23
11,725,239.00
2, 088, 545.18
9, 944, 532.15
80, 875, 161. 00
51,190, ('00.00
1, 540,304,26a 50
1, 517, 753,167.03
Total
1
$686,347,755.81
338, 690, 750. 00
27, 625, 350. 00
21, 476, 050. 00
20, 777, 560.53
62, 912, 636, 82
35, 556, 504. 53
9,140, 919. 24
23,859,271.17
5, 820, 577. 87
1,809,070. 01
161, 614, 852. 66
11, 524, 447. 00
1, 804, 855. 53
18,455,090.48
80,934,119.00
49, 815, 000. 00
$682, 883, 106. 97
339, 480,100. 00
18, 704, 000. 00
25, 903, 950. 00
22, 250, 697.14
56, 669, 562.84
35, 393, 563.47
8,790,418.57
25,169,188.95
5, 646,382. 96
2, 092, 364. 85
108, 809, 817. 37
10, 776, 023, 00
2, 090, 727. 38
23, 002, 405. 83
83,719,295.00
45, 845, 000. 00
1, 564.174, 410. 65 1, 497, 226, 604.33
870.
JANUAKY 22.
MARCH 24.
JUNE 9.
OCTOBER 8.
DECEMBER 28.
1,615 banks.
1,615 banks.
1,612 banks.
1,615 banks.
1,648 banks.
Loans and discounts. $088, 875,203. 70 $710,848,609.39 $719,341,186.06 $715, 928, 079. 81 $725, 515, 538. 49
. Bonds for circulation 339, 350, 750.00 339, 251, 350. 00 338, 845,200. 00 340,857,450.00 344,104, 200. 00
Bonds for deposits .. 17, 592, 000. 00 16,102, 000.00
15, 704, 000. 00 15, 381, 500. 00 15,189, 500. 00
TJ. S. bonds on hand. 24, 677,100. 00 27, 292,150 00 28, 276, 600. 00 22, 323, 800. 00 23, 893, 300.00
Other stocks and bd's 21, 082,412. 00 20, 524, 294. 55 23,300, 681. 87 23, 614, 721. 25 22, 686, 358. 59
Due from red'g ag'nts 71, 641, 480.05 73, 435,117. 98 74, 635, 405. 61 66, 275, 668. 92 64, 805, 062. 88
36,128, 750. 06 33, 948, 805. 65 37, 478,166. 49
Due from natl banks 31, 994, 609. 26 29,510,088.11
9, 202, 496. 71
9, 82 J, .114.18
Due from State banks 9, 319, 560. 54 10, 238, 219. 85 10,430,781.32
Heal estate, etc
26, 002, 713.01 26, 330, 701. 24 26, 593,357. 00 27, 470, 746. 97 28,021,037.44
5, 871, 750. 02
6, 683,189. 54
6, 324, 955. 47
6, 905, 073. 32
Current expenses . . .
3,469, 588. 00
2, 491, 222.11
2, 680, 882. 39
Premiums paid
3, 251, 648. 72
3, 076,45G. 74
2,439,591.41
Cash items
11,497,534.13
12, 536, 613.57 13, 229, 403.34
111,624,822.00
11,267,703.12
Crr'g-hoaseexch'gs.
79,089, 688. 39 76,208,707.00
75, 317, 992. 22 83,936,515.64
17, 001, 846. 00
National bank notes. 15, 840,669.00 14, 220, 817.00 16,342, 582.00 12,512,927.00
2,150,522.89
Fractional currency.
2,184,714.39
2,078,178. 05
2, 476, 966. 75
2, 235, 499. 02
Specie
1. 48, 345, 383. 72 37,096, 543.44 31, 009,437.78 18, 460, 011. 47 26, 307,251.59
Legal-tender notes.. 87, 708, 502. 00 82, 485, 978. 00 94, 573, 751. 00 79, 324, 577. 00 80, 580, 745. 00
Three per cent certfs 43, 820, 000. 00 43, 570,1^0. 00 43, 465, 000.00 43, 345, 000. 00 41,845,000.00
Total
1,546,261,357.44 1,529,147,735.85 1,565,756,909.67 1,510,713,236.92
MARCH 18.
1,688 banks.
Loans and discounts. $767, 858, 490.59
Bonds for circulation 351, 556, 700. 00
Bonds for deposits. . 15,231,^00.00
U. S. bonds on hand.. 23,911,350.00
Other stocks and b'ds 22, 763, 869. 20
Due from red'gag'nts 83, 809,188.92
Due from nat'l banks 30,201,119.99
Due from State banks 10,271,605.34
Real estate, etc
28,805,814.79
Current expenses
6,694,014. 17
Premiums paid
3, 939, 995. 20
Cash items
11,642,644.74
Cl'r'g-house exch'gs. 100, 693, 917. 54
National bank notes. 13,137,006.00
Fractional currency.
2.103,298. 16
Specie
'.. 25 769,16(5.64
Legal-tender notos .. 91,072,349.00
Three per cen t. cert'fw 37, 570,000.00
Total
,538,998,105.03
APRIL 29.
JUNE 10.
OCTOBER 2.
DECEMBER 16.
1,707 banks.
1,723 banks.
1,767 banks.
1,790 banks.
$779,321,828.11 $789, 416, 568.13 $831, 552, 210 00 $818,996,311.74
354, 427, 200. 00 357, 388, 950. 00 364, 475, 800. 00 366,840, 200.00
28, 087, 500.00 23, 155,150. 00
15, 230, 500. 00 15,250,500.00
22, 487, 050.00 24, 200, 300. 00 17, 753, 650. 00 17, 675, 500. 00
22,414, 659. 05 23, 132,871.05 24, 517, 059.35 23, 061,184. 20
85,061,016.31 02,369,246.71 86. 878, 608.84 77,985,600.53
38, 332, 679.74 39,636,579,35
43i 525, 362. 05 43,313,344.78
11.478.174.71
12, 772, (iC9. 83 13,069,301.40
11,853.308.60
29, 242,762. 79 29, 637, 999. HO 30, 089, 783. 85 30, 070, 330. 57
6, 7(54,159. 73
6,153, 370. 29
7,330,424. 12
<5, 205, 099.46
4,414,755.40
5, 500, 800.17
5, 956, 073. 74
5, 026, 385. 97
12, 749, 280. 84 13,101, 107.95 14,058, 26a 86 13, 784, 424. 76
130, 855, (598. 15 102, 091, !M 1.75 101, 165, 854. 52 114,538,539.93
14,197,653.00
13, 085, 904. 00
16, 632, 328. 00 10, 101,38a. 00
2, 095, 485.79
2, 061, 000. 80
2,135, 763. 00
2,160,713.22
22, 732, 027.02
10, 924, 9 "»5. 16 13,252.998. 17 29, 595, 290. 56
93, 942, 707. 00
100,219,126.00 122,137,660.00 109,4 U, 735.00
33, 935, 00!). 00 30,690, 000.00 25, 075, 000. 00 21,400,000.00
1,627,032,030. 28 1,694,440,912.94 1,703,415,335.65 1,730,566,899.72 1,715,861,807. 22
REPORT Ol1 THE COMPTROLLER OF THE CURRENCY.
261
BANKS FROM OCTOBER, 1863, TO OCTOBER 1891—Continued.
1809.
JANUARY 4.
APRIL 17.
JUNE 12.
1,628 banks.
1,620 banks.
1,619 banks.
$419, 040, 931. 00
$420, 818, 721. 00
$422, 659, 260. 00
$426, 399,151.00
81,169, 936.52
35, 318, 273. 71
82, 653, 989.19
37, 489, 314.82
82,218, 576, 47
43, 812, 898. 70
86,165, 334. 32
40, 687, 300. 92
Nat'lbank notes outstanding.
State bank notes outstanding.
294, 476, 702.00
2, 734, 669.00
292, 457, 098. 00
2, 615, 387.00
292, 753, 286.00
2, 558, 874.00
293, 593, 645.00
2, 454, 697.00
Individual deposits
TJ. S. deposits
Dept's U. S. disburs'g officers.
568, 530, 934.11
13,211,850.19
3, 472, 884.90
547, 922,174.91
10,114,328.32
3, 665,131. 61
574, 307, 382.77
10, 301, 907. 71
2,454, 048. 99
511, 400,196. 63
7,112, 646.67
4, 516, 648.12
Due to national banks
Due to State banks and b'k'rs.
95,453,139.33
26,984, 945. 74
92, 662, 648.49
23, 018, 610,62
100, 933. 910.03
28, 046, 771. 30
95, 067, 892. 83
23, 849, 371. 62
2, 464, 849. 81
1, 870, 913.26
2, 392, 205 61
1,735,289.07
3, 839, 357.10
2,140, 363.12
1, 517, 753,167. 03
1, 564,174. 410.65
1,497,226,604.33
Liabilities,
Surplus fund
Undivided profits
Notes and bills re-dlscounted.
IJills payable
Total
1, 540, 394, 266. 50
OCTOBER 9.
1,617 b a n k s .
I87O.
Capital stock
JANUARY 22.
MARCH 24.
JUNE 9.
OCTOBER 8.
1,615 b a n k s .
1,615 b a n k s .
1,612 b a n k s .
1,615 banks.
$426, 074, 954.00 $427, 504, 247. 00 $427,235,701.00 $430, 399, 301. 00
DECEMBER 28.
1,648 b a n k s .
$435, 356, 004*00
Surplus fund
Undivided profits —
90,174, 281.14
34, 300,430.80
90, 229, 954.59
43,109, 471. 62
91, 689, 834.12
42, 861, 712. 59
94, 061,438.95
38, 608, 618.91
94, 705, 740. 34
46,056,428.55
Nat'l bank oirculat'n.
State bank cirouiat'n.
292, 838, 935. 00
2,351, 993.00
292, 509,149. 00
2, 279, 469.00
291,183,614.00
2, 222, 793. CO
291, 798, 640.00
2,138,548. 00
296,205, 446. 00
2, 091, 799.00
Dividends unpaid....
2, 299, 296. 27
1, 483, 416.15
1,517,595.18
2, 462, 591.31
2,242,556.49
Individual deposits..
U. S. deposits
Dep'ts U. S. dis. offic's
546, 236, 881. 57
6, 750,139 19
2, 592, 001.21
516, 058, 085. 26
6, 424, 421. 25
4, 778, 225. 93
542, 261, 563.18
10, 677, 873. 92
2, 592, 967.54
501,407,586.90
6, 807, 978.49
4, 550,142. 68
507,368,618.67
6, 074,407.90
4,155, 304.25
Due to national banks
Due to State banks ..
108, 351, 300. 33
28, 904, 849.14
109, 667, 715. 95
29, 767, 575. 21
115,458,491.84
33, 012,162.78
100, 348, 292. 45
29, 693,910. 80
106, 090, 414. 53
29, 200, 587. 29
Notes re-discounted..
Bills payable
3, 842, 542.30
1, 543, 753. 49
2, 462, 647. 49
2, 873, 357.40
2,741,843.53
2, 302, 756.99
3, 843, 577. 67
4, 592,609. 76
4, 612,131. 08
4, 838, 667. 83
1,546,261,357.44 1,529,147,735.85 1,565,756,909.67 1,510,713,236.92
1,538,998,105.93
Total
Capital stock
MARCH 18.
APRIL 29.
JUNE 10.
OCTOBER 2.
DECEMBER 16.
1,688 b a n k s .
1,707 banks.
1,723 banks.
1,767 b a n k s .
1,790 banks.
$444,232,771.00 $446, 925,493. 00 $450,330,841.00 $458, 255, 696. 00 $460,225,866.00
96, 862, 081. 66
43, 883, 857. 64
97, 620, 099. 28
44, 776, 030. 71
98, 322, 203. 80
45, 535, 227. 79
101,112, 671. 91
42, 008, 714.38
101,573,153.62
48, 630, 925.81
N a t ' l b a n k circulat'n. 301, 713, 460.00
2, 035, 800.00
State b a n k circulat'n.
306,131,393 00
1, 982, 580. 00
307, 793, 880. 00
1, 968, 058. 00
315,519,117.00
1, 921, 056. 00
318, 265, 481.00
1, 886, 538.00
Surplus funds
Undivided profits
1,263,767.70
2,235,248.46
1, 408, 628. 25
4, 540,194.61
1,393,427.98
Individual deposits -. 561,190,830.41
6, 314, 957. 81
U . S. deposits
4, 813, 016. 66
D e p t ' s U. S. dis. offic's
611,025,174.10
6,521,572.92
3, 757, 873. 84
602,110,758.16
6, 265,167. 94
4, 893, 907. 25
600, 868,486.55
20,511,935.98
5, 393, 598. 89
596, 586, 487. 54
14, 829, 525. 65
5, 399,108. 34
D u e to national b ' n k s 118, 904, 865.84
D u e to State b a n k s . . 37, 311, 519.13
128, 037, 469.17
36,113, 290. 67
135,167, 847. 69
41, 219,802. 96
131,730,713.04
40,211,971.67
118, 657, 614.16
38,116, 950.67
3, 256, 896.42
5, 248, 206. 01
3, 573, 723.02
5, 740, 964. 77
3,120, 039. 09
5, 278, 973. 72
3, 964, 552. 57
4, 528,191.12
4, 922,455. 78
5, 374, 362. 67
Dividends unpaid
Notes re-discounted..
1,627,032,030.28
Total
1,694,440,912. 94 1,703,415,335. 65 1,730,566,899.72 1,715,861,897.22
202
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
1872.
FEBRUARY 27.
APRIL 19.
JUNE 10.
OCTOBER 3.
DECEMBER 27.
1,814 banks.
1,843 banks.
1,853 banks.
1,919 b a n k s .
1,940 b a n k s .
Resources.
Loans and discounts. $839, €65, 077.91
Bonds for circulation 370, 924, 700. 00
Bonds for deposits... 15, 870, 000. 00
TJ. S. bonds on hand.. 21,323,150.00
Other stocks and b'ds 22, 838, 388. 80
Due fromred'g ag'nts 89,548, 329. 93
Due from na'tl banks 38, 282, 905. 86
Due from State banks 12,269, 822. 68
30, 637, 676. 75
Real estate, etc
6, 265, 655.13
Current expenses —
6, 308, 821. 86
Premium s paid
12,143,
403.12
Cash items
Cleai 'g-house exch'gs 93,154, 319.74
15,
552,
087.
00National-bank notes,
2, 278,143.24
Fractional currency.
25,
507,825.
32
Specie
Legal-tender notes . . 97, 865, 400. 00
U.S. cert'fs of deposit
Three per cent, cert'fs 18, 980, 000. 00
Total
$877,197, 923. 47 $885, 653,449.62
382, 046, 400.00 384,458,500.00
16,304,750.00
15, 479, 750. 00
10,306,103.00
12,142, 5 0.00
23, 533,151. 73 23,160,557. 29
86,401, 459.44
80,717,071.30
42, 707,613. 54
34,486, 593.87
12, 008, 843. 54
12, 976, 878. 01
33, 014, 796.83
32, 276, 498.17
8, 454,803. 97
6, 310, 428. 79
7, 097, 847.86
6, 546, 848. 52
13, 696, 723. 85
14, 916, 784.34
90,145, 482. 72
110, 086, 315. 37
19, 070, 322. 00
15, 787, 296. 00
2, 270, 576. 32
2, 151, 747. 88
19, 047, 336. 45
10, 229, 756. 79
105,121,104. 00 102, 922, 369. 00
12, 650, 000. 00
6, 710, 000.00
4,185, 000. 00
7,140, 000. 00
12, 005, 000. 00
$844,902, 253. 49 $871,531,448.67
374,428,450.00 377, 029, 700.00
15,169, 000.00
15,409,950.00
19, 292,100. 00
16, 458,250.00
21, 538, 914. 06
22,270,610.47
82,120, 017.24
91,564,269.53
36, 697, 592. 81
39, 468, 323. 39
12, 299, 716.94
13,014,265.26
30, 809, 274.98
31,123,843.21
7, 026, 041. 23
6, 719, 794. 90
6, 544, 279. 29
6, 616,174. 75
12,461,171.40
13,458, 753. 80
114,195, 966. 36
88, 592, 800.16
18, 492. 832. 00
16, 253, 560. 00
2,143, 249. 29
2,069, 464.12
24, 433, 899.46
24. 256, 644.14
105, 732,455. 00 122, 994, 417.00
15, 365, 000. 00
1,719,415,657.34 1,743,652,213.55 1,770,837,269.40 1,755,857,098.24 1,773,556,532.43
3.
FEBRUARY 28.
a, 947 banks.
Loans and discounts. $913,265,189.67
Bonds for circulation 384, 675, 050.00
Bonds for deposits . . 15, 035, 000.00
U. S. bonds on band.. 10, 436, 950. 00
Other stocks and b'ds 22, 063,306. 20
Due from red'g ag'nts 95, 773, 077.10
Due from *n at I banks 39, 483, 700. 09
Due from State banks 13, 595, 679.17
34, 023, 057. 77
Real estate, etc
6, 977, 831. 35
Current expenses . . .
7, 205, 259. 67
Premiums paid
11,761,711.50
Cash items
Clear'g-house exch'gs 131,383,860.95
National-bank notes. 15, 998, 779. 00
2, 289, 6»0.21
Fractional currency
17, 777, 673. 53
Specie
Legal-tender notes . . 97,141, 909.00
U.S.cert'fs of deposit 18, 460, 000.00
1, 805, 000.00
Three per cent.cert'fs
Total
APRIL 25.
JUNE 13.
1,962 banks.
1,968 banks.
SEPTEMBER 12. DECEMBER 26.
1,976 b a n k s .
1,976 b a n k s .
$912, 064, 267. 31 $925, 557, 682.42 $944,220,116.34 $856, 816, 555. 05
386, 763, 800. 00 388, 080, 300. 00 388, 330, 400.00 389, 384,400. 00
15, 935, 000. 00
14,805, 000.00
16, 235, 000.00
14, 815, 200. 00
9, 789, 400. 00
8, 824, 850. 00
9, 613, 550. 00
8, 630, 850. 00
22, 912, 415. 63
23, 709, 034. 53
22, 449, 146.04
24,358,125.06
97, 143, 326. 94
96,134,120. 66
88,815,557.80
73, 032, 046.87
43, 328, 792.29
41,413, 680. 06
38, 671, 088. 63
40, 404, 757.97
14, 073, 287. 77
12, 022, 873.41
12, 883, 353. 37
11,185,253.08
34, 820, 562. 77
34, 661, 823. 21
34, 216, 878. 07
35, 556, 746.48
7,154,211.69 ' 6, 985, 436. 99
7, 410, 045.87
8, 678, 270.39
7,890,962.14
7, 752, 843. 87
7, 559, 987. 67
7, 987,107.14
11,433,913.22
11,425, 209. 00 13,036,482.58
12, 321, 972.80
91, 918, 526.59
88, 926,003. 53 62,881,342.16
94,132,125. 24
20, 394, 772. 00
16,103, 842. 00 21, 403,179. 00
19, 310, 202. 00
2,197,559.84
2, 302, 775. 26
2,198, 973. 37
2, 287, 454. 03
27, 950, 086. 72
19, 868, 469.45
16, 868, 808. 74
26, 907, 037. 58
92, 522, 663. 00 108, 719, 506. 00
100, 605, 287. 00 106,381,491.00
22, 365, 000.00
20, 610, 000. 00
18, 370, 000. 00
24,610, 000.00
305, 000.00
710, 000.00
1,839,152,715.21 1,800,303*280.11 1,851,234,860.38 1,830,627,845.53 1,729,38-0,303. 61
1874.
FEBRUARY 27.
MAY 1.
1,975 b a n k s .
1,978 banks,
JUNE 26.
i 1,983 banks.
OCTOBER 2.
DECEMBER 31.
2,004 banks.
2,027 banks.
Loans and discounts. $897, 859, 600.46 $923, 347, 030. 79 $926,195,671. 70 $954, 394,791.59 $955, 862,580.51
Bonds for circulation 389, 614, 700. 00 389, 249,100.00 ! 390,281,700.00 383, 254, 800. 00 382, 976, 200.00
14, 890, 200.00
14, 89.0, 200.00 14, 691, 700. 00 14, 714, 000. 00
Bonds for deposits... 14, 600, 200. 00
10,152, 000. 00 10, 456, 900. 00 13, 313, 550. 00 15, 290, 300.00
U. S. bonds on hand.. 11,043,400.00
27, 010, 727. 48 27, 807, 826.92 28,313,473.12
Other stocks and b'ds 25, 305, 736L 24 25, 460, 460. 20
94, 017, 603. 31
97, 871, 517. 06 83, 885,126. 94 80,488,831.45
Due from res'veag'ts 101,502,861.58
41,291, 015.24
45, 770, 715. 59 39, 695, 309.47 48,100,842.62
Due from nat'l banks 36, 624, 001. 39
12, 374,391. 28
12, 469, 592. 33 11,196, 611. 73 11, 655,573.07
Due from-State banks 11,496,711.47
36, 708, 066 39
37, 270, 876. 51 38,112, 926. 52 39,190, 683. 04
36, 043, 741. 50
Real estate, etc
7, 550,125. 20
7,658, 738. 82
5, 510,566. 47
7, 547, 203. 05
6, 998, 875. 75
Current expenses . . .
8, 563, 262. 27 8,376, 659. 07
8, 680, 370. 84
8, 626,112.16
8, 741, 028. 77
Premiums paid
11, 949, 020. 71 10, 496, 257. 00 12,296,416. 77 14, 005, 517. 33
10, 269, 955. 50
Cash items
94, 877, 796. 52 63,896,271.31
97, 383, 687.11 112,995,317.55
Clear1 g-house exch'gs 62, 768,119.19
20, 673, 452.00 23,527,991.00
18,450,013.00
22, 532, 336. 00
National-bank notes. 20, 003, 251. 00
2, 283, 898. 92
2,187,186. 69
2, 224, 943.12
2, 309, 919. 73
2, 392, 668.74
Fractional currency.
33, 365,863. 58 32, 56! >, 91)9. 2622, 326, 207. 27 21, 240, 945. 23 22, 436, 761.04
Specie
103,108,350.00
101,692,930.00
80,
021,
946.
CO
102,
717,
563.
00
82,604,791.00
Legal-tender n o t e s . .
47, 780, 000. 00 42, 825, 000. 00 33, 670, OOOrOO
40,135,000.00
CT. S. cert'fs of deposit 37, 235, 000. 00
91, 250. 00 20, 349, 950.15 21, 043, 084. 3fi
Dep. with U. S. Treas
Total
1,808,500,529.16 1,867,802,796.28 1,851,840,913.64 1,877,180,942.44 1,902,409,638.46
REPORT OF THE COMPTROLLER OF THE CURRENCY.
BANKS FROM OCTOBER, 1863, to OCTOBER,
263
1891—Continued.
1 872.
.FEUBUAliY 27.
APRIL 19.
J U N E 10.
OCTOBER 3 .
DECEMBER'27.
1,814 b a n k s .
1,843 banks.
1,853 banks.
1,919 banks.
1,94,0 banks.
Liabilities.
Capital stock
$464,081,744.00 $467, 924, 318.00 $470, 543, 301.00 $479, 629,174. 00
$482, 606, 252.00
Surplus fund
Undivided profits
103, 787, 082.62
43, 310, 344, 46
104,312,525.81
46, 428, 590.90
105,181,943.28
50, 234, 298. 32
110, 257, 516. 45
46, 623, 784. 50
111, 410, 248. 98
56,762,411.89
Nat'l bank circulation
State bankcirculation
321, 634, 675. 00
1, 830, 563. 00
325, 305, 752.00
1, 763, 885. 00
327, 092, 752. 00
1,700, 935. 00
333, 495, 027. 00
1,507,143.00
336, 289, 285. 00
1,511,396.00
1, 451, 746. 29
1, 561, 914. 45
Individual deposits.. 593, 645, 666.16
7.114,893.47
TJ. S. deposits
5, 024, 699.44
Dep'tsU.S.dis. officers
620, 775, 265. 78
6, 355, 722. 95
3,416, 371.16
618,801,619.49 618,290,671.45
6, 99';i, 014. 77
7, 853. 772. 41
5, 463, 953.48
4, 563, 833. 79
598,114,679. 26
7, 863,894.93
5,136,597.74
Due to national banks 128, 627, 494.44
Due to State banks . . 39, 025,165. 44
120, 755, 565. 86
35, 005,127. 84
132, 804, 924. 02
39, 878, 826.42
110,047,347.67
33, 789, 083. 82
124, 218, 392.83
34,794,963.37
3, 818, 686. 91
6, 062, 896.91
4, 225, 622. 04
5,821,551.76
4, 745,178. 22
5, 942, 479. 34
5,549,431.88
6, 040, 562. 66
6, 545, 059. 78
6,946,416.17
Dividends unpaid
Notes rediscounted . .
Bills payable
Total
Capital stock
1,454, 044. 06
3,149, 749. 61
1,356,934.48
1,719,415,657.34 1,743,652,213 55 1,770,837,269 40 1,755,857,098.24 1, 773, 556, 532.43
FEBRUARY 28.
APKIL 25.
1,947 banks.
1,962 banks.
J U N E 13.
1,968 banks.
SEPTEMBER 12.
1,976 banks.
DECEMBER 26.
1,976 b a n k s .
$484,551,811.00 $487,891,251.00 $490,109, 801.00 $491,072,616.00
$490, 266,611. 00
Undivided profits
114,681,048.73
48, 578, 045. 28
115, 805, 574. 57
52,415, 348. 46
116,847,451. 62
55,306,154.69
120,314.499.20
54,515,131.76
120, 961, 267. 91
58,375,169.43
Nat'lbank circulation
State bank circulation
336, 292, 459. 00
1,368,271.00
338,163,864.00
1,2^0,208^00
338, 788, 504. 00
1, 224, 470.00
339, 081, 799. 00
1,188, 853. 00
341, 320, 256. 00
1,130, 585. 00
Dividends unpaid....
Surplus fund
1, 465, 993. 60
1, 462, 336.77
1,400,491.90
1,402, 547. 89
1, 269, 474.74
Individual deposits.. 656,187,551.61
7, 044, 848.34
TJ, S. Deposits
5, 835, 696. 60
. Dep'tsU.S.dis.officers
616, 848, 358.25
7, 880, 057. 73
4, 425, 750.14
641,121,775.27
8,691,001.95
6, 416, 275.10
622, 685, 563.29
7, 829, 327. 73
8, 098, 560.13
540,510,602.78
7, 680, 375.26
4, 705, 593.36
Due to national banks 134, 231, 842. 95
Due to State banks... 38,124,803.85
126,631,926.24
35,036,433.18
137, 856, 085. 67
40,741,788.47
133, 672, 732. 94
39, 298,148.14
114, 996, 666.54
36, 598, 076.29
5,515,900.67
7, 215,157.04
5, 987, 512.36
5,480, 554. 09
3,811,487.89
7, 754,137.41
1,839,152,715.21 1,800,303,280.11 1,851,234,860.38 1,830,627,845.53
1,729,380,303.61
Notgs rediscounted . .
Bills payable
Total
5,117,810.50
5, 672, 532. 75
5, 403, 043.38
7, 059,128. 39
ISM.
Capital stock
SurpJus fund
Undivided profits . . .
FEBRUARY 27.
MAY 1.
J U N E 26.
OCTOBER 2.
1,975 b a n k s
1,978 b a n k s .
1,983 b a n k s .
2,004 b a n k s .
$490, 859,101. 00 $490, 077, 001.00 $491, 003, 711. 00 $493,765,121.00
123,497,347.20
50,236,919.88
Nat'lbankcirculation 339, G02, 955. 00
State bank circulation
1,078, 988. 00
DECEMBER 31.
2,027 banks.
$495, 802, 481.00
125,561.081.23
54, 331, 713.13
126, 239, 308. 41
58,332, 965. 71
128, 958,106. 84
51, 484,437. 32
130, 485, 641. 37
51,477,629.33
340, 267, C49. 00
1, 049, 286.00
338, 538, 743. 00
1, 009, 021. 00
333, 225, 298. 00
964, 567. 00
331,193,159. 00
860,417.00
1, 242,474. 81
3, 51G, 27 G. 99
6, 088, 845.01
T
ndividual deposits.. 595. 350, 334 90
(J. S. deposits
1. 276, 959.87
Dep'tsU.S.dis.officers
5; 034, 624. 46
649 28G, 298. 95
7, 994, 422.27
3, 297, 689. 24
622,863, 154.44
7, 322, 830. 85
3, 238, 639. 20
GOO, 068, 995. 88
7,302,153.58
3, 927, 828. 27
682, 846, 607.45
7,492, 307. 78
3, 579, 722.94
Due to national banks 138, 435, 388. 39
Due to State banks.. 48,112, 223. 40
135,640,418.24
48, 683, 924. 34
143, 033, 822. 25
50, 227, 426.18
125,102,049.93
50, 718, 007. 87
129,188, 671. 42
51, 629, 602. 56
4, 581, 420.38
4, 772, 662. 59
4,436,256.22
4, 352, 560. 57
4.197, 372. 25
< 950, 727. 51
6, 365, 652.97
5, 398, 900. 83
1,808,500,529.16 1,867,802,796. 28 1,851,840,913.64 1,877,180,942.44
1,902,409,638.46
Dividends unpaid
Notes redisoounted..
Bills payable
Total
1,291,055.63
3,448, 828.92
4, 275, 002. 51
2,259,129.91
2(>4
UKPOKT OF THE COMPTROLLER OF THE CURRENCY.
RESOURCES AND LIABILITIES OF THE NATIONAL
18 7
>.
MARCH 1.
MAY 1.
JUNE 30.
OCTOBER 1.
DECEMBER 17.
2,029 banks.
2,04f>banks.
2,076 banks.
2,088 banks.
2,086 b a n k s .
Resources.
Loans and discounts $956, 485, 939.35
Honda for circulation 380, 682, 650. 00
Bonds for deposits... 14, 492, 200. 00
U. S. bonds on hand.. 18, 062,150. 00
Other stocks and b'ds 28, 268, 841. 69
Due from res've ag'ts 89,991,175.34
Due from nat'l banks 44, 720, 394.11
Due from State banks 12, 724, 243.97
39, 430, 952.12
Real estate, etc
Current expenses ... 7,790,581.86
9,006, 880.92
Premiums paid
11, 734, 762. 42
Cash items
Clear'g-houseexch'gs 81,127, 796. 39
Bills or other banks. 18, 909, 397.00
Fractional currency. 3, 008, 592.12
16, 667,106.17
Specie
Legal-tender notes .. 78, 508,170.00
U. S. cert'fs of deposit 37, 200, 000. 00
Due from U. S. Treas 21, 007,919.76
Total
$971, 835, 298. 74 $972, 920, 532.14 $984,691,434.40 $962, 571, 807. 70
378, 026, 900. 00 375,127, 900. 00 370,321,700.00 363, 618,100.00
14,097, 200. 00
14, 372, 200. 00
13,981,500.00
14,147, 200. 00
13, 989, 950.00
14, 297, 650.00
16, 009, 550. 00
12, 753,000.00
33, 505,045.15
29,102,197.10
31,657,960.52
32,010,316.18
85, 701,259. 82
80, 620, 878. 75 89, 788, 903.73
81,462,682.27
47,028, 769.18
46, 039, 597.57
44,831,891.48
48, 513,388. 86
11, 963, 768. 90
12, 094, 086. 39 11, 625, 647.15
11,895,551.08
42, 366, 647.65
40, 312, 285.99
41,583,311.94
40, 969, 0*20.49
7,841,213.05
7, 706, 700. 42
9,218,455.47
4, 992, 044.34
8, 670, 091.18
8,434,453.14
9, 442, 801. 54
8, 742, 393. 83
12, 758, 872. 03 11, 238, 725. 72
13,122, 145. 88
]2,433,100.43
75,142, 863. 45
116, 970, 819. 05 88, 924,025.93
67, 886,967. 04
18, 528, 837.00
19, 504, 640. 00 24, 261, 961. 00
17, 166,190.00
2, 595, 631. 78
2, 702, 326. 44
2, 901, 023.10
2, 620, 504. 26
8, 050, 329.73
10,620,361.64
17, 070, 905, 90
18, 9:9, 582. 30
84. 015, 928. 00 87, 492, 895. 00 76,458, 734. 00
70, 725, 077.00
38, 615. 000. 00 47, 310, 000. 00 48, 810, 000. 00
31,005,000.00
19, 686, 960. 30 19, 202, 256. 68
21, 454, 422. 29
19, 640, 785. 52
1,869,819,753.22 1,909,847,891.40 1,913,239,201.16 1,882,209,307. 62 |l,823,469,752.44
18 76.
MARCH 10.
MAY 12.
JUNE 30.
OCTOBER 2.
DECEMBER 22.
2.091 b a n k s .
2,089 b a n k s .
2,091 banks.
2,089 banks.
2,082 banks.
Loans and discounts $950,205, 555. 62 $939, 895, 085. 34 $933, 686, 530.45 $931, 304, 714.06 $929, 066, 408. 42
Bonds for circulation 354, 547, 750. 00 344, 537, 350.00 339,141, 750. 00 337,170,400.00 336, 705,300.00
Bonds l o r d e p o s i t s . .
14, 216, 500. 00
14,128, 000. 00
14, 328, ©00. 00 14, 698, 000. 00 14,757,000.00
U. S. bonds on h a n d . . 25, 910, 650.00
26, 577, 000. 00 30, 842, 300. 00 33,142,150. 00
31,937,950.00
Other stocks and b'ds 30, 425, 430.43
30,905, 195.82
32, 482, 805.75
31,565,914.50
34,445,157.16
D u e from res've agts 99, 068, 360. 35 86, 769, 083. 97
87, 989, 900. 90 87, 326, 950. 48
83, 789,174. 65
Due from nat'l banks 42,341,542.67
44, 328, 609.46
47, 417,029. 03
44, Oil, 664. 97
47, 525, 089.98
Duo from State banks 11,180, 562.15
11, 262,193. 96
10, 989, 507.95
12,415,841.97
12, 061, 283. 08
Real estate, etc
41,937,617.25
42,183, 958. 78
42, 722, 415. 27 43.121,942. 01
43, 498,445. 49
C u r r e n t expenses . . .
8, 290, 207. 85
6, 820, 573. 35
5,025, 549.38
9, 818,422.88
6, 987, 644. 46
P r e m i u m s paid
10, 946, 713.15
10.414, 347.28
10, 621, 634. 03
10,811,300.66
10, 715, 251,16
Cash items
9, 517,808.86
9,693,186.37
11, 724, 592. 67
10, 658, 709. 26
12, 043,139. 68
Clear'g-houseexch'gs 58,863,182.43
56,806,632.63
75, 328, 878. 84 87, 870, 817.06
68, 027,016.40
Bills of other b a n k s . . 18, 536, 502. 00 20, 347, 964. 00 20, 398, 422.00
17, 521, 663.00
15,910, 315.00
F r ctional currency
3,215,594.30
2,771,886.26
1, 987, 897.44
1,146, 741. 94
1, 417, 203. 66
Specie
29, 077, 345. 85 21,714,594.36
25, 218,469. 92
32, 999, 647. 89
21, 360, 767. 42
Legal-tender notes . . 76, 768, 446. 00 79, 858, 661. 00
90, 836, 876. 00 84, 250, 847. 00 66,221,400.00
U. S. cert'fs of deposit 30,805,000 00
27, 380, 000. 00 27,-955, 000. 00
26, 095, 000. 00
29,170, 000. 00
D u e from TJ. S. Treas 18, 479,112. 79
16,911,680.20
17, 063,407.65
16,359,49J.73
16, 743, 695. 40
Total
1,834,369,941.70 1,793,306,002.78 1,825,760,967. 28 1,827,265,367.61 1,787,407,093. 76
18 7 7 .
JANUARY 20.
APRIL 14.
JUNE 22.
OCTOBER 1.
DECEMBER 28.
2,083 banks.
2,073 b a n k s .
2,078 banks.
2,080 b a n k s .
2,074 b a n k s .
Loans and discounts. $020,561,018.65 $911, 946, 833.88 $901, 731,416.03 $891, 920, 593. 54 $831, 856, 744. 87
Bonds f»r circulation 337, 590, 700. 00 339, 658,100.00 337,754,100. 00 336, 810, 950.00 343, 869, 550.00
15, 084, 000. 00 14,971,000.00
Bonds lor deposits . . 14, 782, 000. 00
14, 903, 000. 00
13, 538, 000. 00
32,964, 250. 00
32, 344, 050. 00 30, 088, 700. 00 28,479, 800. 00
U. S. bonds on h a n d . . 31, 988, 650. 00
32, 554, 594.44
35, 653, 755. 29 34, 435, 995.21
Other stocks and b'ds 31,819,930.20
32,169, 491. 03
82,132,099.96
D u e from res've ag'ts 88, 698, 308. 85 84,942,718.41
73,284,133.12
75, 960, 087. 27
44, 567, 303. 63 45, 217, 246. 82 44,123, 924. 97
Due from nat'l b a n k s 44, 844, 616. 88 42, 027, 778.81
11,911,437.36
11, 246, 349.79
D u from State b a n k s 13, 680, 990.81
11,415,761.60
11,479,945.65
44, 736. 549. 09 44, 818, 722, 07 45, 229, 983.25
43, 704, 335.47
Real estate, etc
45,511,932.25
7, 842, 296.86
4,131, 516,48
7, 910, 864.84
C u r r e n t expenses . . .
6, 915, 792. 50
8, 958, 903. 60
10, 494, 505. 12 10, 320, 674. 34
10,991,714.50
P r e m i u m s paid
9,219,174,02
8,841,939.09
10,410, 623. 87
10, 295,404.19
10, 099, 988.46
Cash items
11, 674, 587. 50
10, 265, 059.49
85,159, 422, 74
57, 861, 481.13
Clear'g-houseexch'gs 81,117,889.04
74,525, 215. 89
64,664,415.01
17, 942, 693. 00
20,182, 948. 00
Bills of other b a n k s . . 18,418,727.00
15, 531, 467. 00 20,312,692.00
3,114.820.09
1, 238, 228. 08
1,055,123. 61
Fractional c u r r e n c y .
900, 805. 47
778, 084. 78
27, 070, 037. 78 21, 335, 996. 06
49, 709, 267.55
Specie
22, 658, 820. 31 32, 907, 750. 70
78, 004, 386. 00
Legal-tender notes . . . 72, 689, 710. 00 72, 351, 573. 00
66,920, 684.00
70,168, 248, 00
32,100, 000. 00
44,430, 000. 00
U . S. cert's of deposit 25,470, 000. 00
32,410,000.00
26,515,000.00
16, 291, 040.84
17, 932, 574. 60
Due from TJ. S. Treas 16, 441, 509. 98
16, 021,753.01
16, 493, 577.08
Total
1,818,174,517.68
1,796,603,275.29 1,774,352,833.81 1741,084,663.84 1,737,205.145.79
REPORT OF THE COMPTROLLER
OF TFIE CURRENCY.
265
BANKS PROM OCTOBKK, 1863, TO OCTOBER, 1891—Coutiuued.
1 8 7 5.
MAKCH 1.
Liabilities.
Capital stock
2,029 banks.
2,046 banks.
JUNE 30.
OCTOBER 1.
2,070 banks.
2,088 banks.
$496, 272, 901. 00 $498, 717,143.00 $501, 568, 563.50 $504, 829, 769.00
DECEMBER 17.
2,086 banks.
$505, 485, 865.00
131, 249, 079. 47
51, 650, 243. 62
131, 604, 608. 66
55, 907, 619. 95
133,169, 094. 79
52,160,104. 68
134,356,076.41
52, 964, 953.50
133, 085,422. 30
59, 204, 957. 81
N a t ' l bank circulat ion 324, 525, 349.00
State bank circulation
824, 876. 00
323, 321, 230. 00
815, 229. 00
318,148, 406.00
786, 844.00
318, 350, 379.00
772,348. 00
314, 979,451. 00
752, 722.00
2, 501, 742. 39
6,105, 519.34
4, 003, 534. 90
1, 353, 396.80
618, 517,215. 74
6, 652, 556. 67
4, 232,550, 87
Surplus fund
Undivided profits
Dividends unpaid
1, 601, 255. 48
Individual d e p o s i t s . . 647, 735, 879. 69
7, 971, 932. 75
XJ. S. deposits
Dept'sU.S.dis.officers
5, 330,414 16
695, 347, 677.70
6, 797, 972. 00
2, 766, 387.41
686, 478, 630. 48
6, 714, 328. 70
3,459, 061. 80
664, 579, 619. 39
6,507,531.59
4, 271,195.19
Due to national banks 137, 735,121. 44
D u e to State b a n k s . . 55, 294, 663. 84
127, 280, 034. 02
53, 037, 582. 89
138, 914, 828. 39
55,714,055.18
•129, 810, 681.60
49, 918, 530. 95
119,843,665.44
47,048,174. 56
5, 671, 031. 44
6, 079, 632.94
4, 261, 464. 45
5, 758, 299. 85
5,254,453.66
6, 590, 234.43
5,257,160. 61
7,056, 583.64
Notes re-discounted..
Bills payable
Total
4, 841, 600. 20
4, 786, 436. 57
1,869,819,753. 22 1,909,847,891.40 1,913,239,201.16 1,882,209,307.62 1,823,469,752.44
1 S
Capital stock
Surplus fund
Undivided profits
76.
MARCH 10.
MAY 12.
JUNK 30.
OCTOBER 2.
2,091 banks.
2,089 banks.
2,091 b a n k s .
2,089 banks.
DECEMBER 22.
2,082 banks.
$504, 818, 666. 00 $500,982, 006. 00 $500, 393, 796. 00 $499, 802, 232. 00
$497,482,016.00
133, 091, 739. 50
51,177, 031. 26
131, 795,199. 94
49, 039, 278. 75
131, 897,197. 21 132, 202, 282.00
46, 609,341.51
46,445, 215. 59
131, 390, 664.67
52, 327, 715.08
N a t ' l bank circulation 307, 476,155. 00
State b a n k circulation
714,539. 00
300, 252, 085. 00
667, 060. 00
294, 444, 678. 00
658, 938.00
292, 011, 575. 00
608, 548. 00
291, 544, 020.00
628, 847. 00
1,405,829. 06
2, 325, 523.51
6,116, 679.30
3, 848,705.64
1,286,540.28
Individual d e p o s i t s . . 620, 674, 211.05
6, 606, 394.90
U. S. deposits
4, 313, 915.45
Dept'sU.S.dis.officers
612, 355, 096. 59
8, 493, 878. 18
2, 505, 273. 30
641, 432.886. 08
7, 667, 722. 97
3, 392, 939. 48
651,385,210.19
7,256,801.42
3,746, 781.58
619,350,223.06
6, 727,155.14
4, 749,615. 39
Due to national banks 139, 407, 880.06
Due to State banks ... 54, 002,131. 54
127,880,045.04
46, 706, 969. 52
131,702,164.87
51, 403, 995. 59
131, 535, 969.04
48,250,111.63
122, 351, 818.09
48, 685, 392.14
4, 653, 460.08
5, 650,126. 87
3,867, 622. 24
6,173, 006.03
Dividends unpaid . . .
Notes re-discounted..
Bills payable
Total
4, 631, 882.57
6, 049, 566.31
4,464, 407. 31
6,154, 784. 21
4, 553,158.76
5, 882, 672.15
1,834,369,941.70 1,793,306,002.78 1,825,760,967.28 1,827,265,367.61 1, 787,407,093.76
18 7 7.
Capital stock
JANUARY 20.
APRIL 14.
JUNE 22.
OCTOBER 1.
2,083 banks.
2,073 banks.
2,078 b a n k s .
2,080 banks.
$493, 634, 611. 00 $489, 684, 645.00 $481, 044, 771. 00 $479,467,771.00
DECEMBER 28.
2,074 b a n k s .
$477,128,771. 00
130, 224,169. 02
37, 456, 530. 32
127, 793, 320.52
45, 609, 418. 27
124, 714, 072.93
50, 508, 351.70
122,776,121. 24
44,572,678.72
121,618,455.32
51,530,910.18
N a t ' l b a n k circulation 292,851,351 00
State bank circulation
581, 242. 00
294,710,313.00
535, 963. 00
290, 002,057. 00
521,611.00
291,874,236. 00
48 L, 738. 00
299,240,47500
470, 540,00
SurpluBfund
Undivided profits
1, 853, 974.79
1, 398,101.52
3,623, 703.43
1,404,178.34
Individual d e p o s i t s . . 659, 891, 969. 76 641, 772, 528. 08
U. S. deposits
7, 234, 696. 96
7, 584, 267.72
Dept's U.S. dis. officers
3,108, 316. 55
3, 076, 878. 70
636, 267, 529.20
7,187, 431. 67
3, 710,167.20
616,403,987.12
7, 972, 714.75
2, 376, 983. 02
604,512, 514. 52
6, 529, 031.09
3, 780, 759.43
Due to national banks 130, 293, 566. 36
Due to State b a n k s . . 49, 965, 770. 27
125,422,444.43
48, 604, 820.09
121,443, 601. 23
48, 352, 583. 90
115, 028, 954. 38
46, 577, 439.88
115, 773, 660. 58
44, 807, 958. 79
3,985,459.75
5, 969,241.94
2,953,128. 58
6, 249,426. 88
3, 791,219.47
6,137,116. 83
Dividends unpaid
Notes re-discounted..
Bills payable
Total
2, 448, 909. 70
4, 000, 063.82
6, 483, 320. 92
4,654, 784. 51
5,843, 107. 03
1,818,174,517. 68 1,796,603,275.29 1,774,352,833.81 1,741,084,663.84 1,737,295,145.79
2GG
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
1S78.
MAHCH 15.
2,063 b a n k s .
JUNK 29.
OCTOBER 1.
DECEMBER 6.
2,056 banks.
2,053 banks.
2,055 b a n k s .
MAY 1.
Resources.
2,059 banks.
Loans and dis< ounts.$854,750, 708. 87 $847, 620, 392. 49 $835, 078,133.13 $833, 988, 450.59 $826, 017, 451. 87
Bonds for circulation 343,871,350.00 345, 256, 350. 00 347,332,100.00 347, 556, 650. 00 347, 812, 300. 00
Bonds for deposits . 13,329,000.00 19, 536, 000. 00 28,371.000.00 47. 936, 850.00 49,110, 800. 00
U. S. bonds on hand. 34, 881, 600 00 33, 615 700. 00 40,479, 900. 00 46, 785, 600. 00 44, 255, 850. 00
Other stocks and b'ds 34, 674, 307. 21 34. 697, 320. 53 36, 694. 996. 24 36, 859,534. 82 35,816,810.47
Due from res've
agt's 86, 016, 990. 78 71, 331, 219.27 78, 875. 055. 92 85, 083, 418.51 81,733,137.00
Due from nat11 banks 39, 692,105. 87 40, 545, 522.72 41, 897, 858. 89 41, 492, 918.75 43,144. 220 68
Due from State banks 11, 683, 050.17 12, 413, 579.10 12,232,316.30 12, 314, 698.11 12, 259, 850. 09
46, 702, 476.26
46, 728,147. 36
46,153,409.35
45, 792, 363. 73 45,901,536.93
Real estate, etc
6, 272, 566.73
7, 608,128. 83
4,718,618.66
Current expenses ... 7, 786, 572. 42
7, 239,365. 78
7,134,735.68
6, 978, 768. 71
7,335,454.49
7, 806, 252 00
Premiums paid
7, 574, 255. 95
10, 982,432. 89
9, 985,004. 21
11, 525, 376. 07
10.107,583.76
Cash items
10,989,440.78
Clear'g-house exch'gs 66, 498, 965.23 95, 525.134. 28 87, 498, 287. 82 82, 372, 537. 88 61,998,286.11
Bills of other banks. 16, 250, 569. 00 18, 363. 335.00 17, 063, 576. 00 16, 929, 721. 00 19, 392, 281. 00
515,661.04
496, 864. 34
610,084.25
697, 398.86
Fractional currency.
661,044.69
30, 688, 606. 59 34, 355, 250. 36
54, 729, 558. 02 46. 023, 756. 06 29,251,409.77
Specie
64.
428,
600.
00
64,
672, 762. 00
71,643,402.00
64,
034,
972.00
Legal-tender notes ..
67, 245, 975. 00
U. S. cert'fs of deposit 20, 605,000.00 20, 995, 000. 00 36, 905, 000. 00 32, 690, 000. 00 32, 520, 000. 00
16,
543,674.
36
17,
940,
918. 34
Due from TJ. S. Treas. 16, 257, 608. 98 16, 364, 030.47 16, 798, 667.62
Total
1,720,465,956.90 1,741,898,959.05 1,750,464,706.51 1,767,279,133.21 1,742,826,837.37
1
§79.
JANUARY 1.
ArKIL 4.
2,051 b a n k s .
2,048 banks.
Loans and discounts. $823, 906, 765. 68 $814, 653. 422. 69
B tnds for circulation 347,118,300.00 348, 487,700. 00
Bonds for deposits .. 66, 507, 350. 00 309, 348, 450. 00
TJ. S. bonds on hand . 44, 257, 250. 00 54, 601, 750. 00
Otber stocks and b'ds 35, 569, 400. 93 36, 747,129. 40
Due from res've ag'ts 77, 925,068. 68 74, 003, 830. 40
Due from nat'l banks 44,161,948.46 39,143, 388. 90
Due from State banks 11, 892, 540.26 10, 535, 252. 99
47, 091, 964, 70 47,461,614.54
Real estate, etc
Current expenses . . . 4, 033,024.67
6,693,668.43
6, 366, 048. 85
Premiums paid
6, 609, 390.80
13, 564, 550. 25 10,011 294.64
Cash items
Clear'g-house exch'gs 100, 035, 237.82 63, 712, 445. 55
Bills of other banks. 19, 535, 588, 00 17, 068, 505.00
475, 538.50
Fractional currency.
467,177.47
41, 499, 757. 32 41,148,563.41
Specie
Legal-tender notes .. 70,561,233.00 64, 461, 231. 00
U.S. cert'fs of deposit 28, 915,000. 00 21, 885, 000. 00
Due from U. S. Treas. 17,175,435.13 17, 029,121.31
Total
JUNE 14.
OCTOBER 2.
DECEMBER 12.
2.048 banks.
2,048 b a n k s .
2,052 b a n k s .
$835, 875, 012. 36 $878, 503, 097. 45 $933, 543, 661.93
352, 208,000. 00 357, 313, 300.00 364, 272, 700. 00
257, 038, 200. 00 18, 204, 650. 00
14, 788, 800. 00
62, 180, 300.00
52,942.100. 00 40, 677, 500. 00
37, 617, 015.13
39, 671, 916. 50 38, 836, 369. 80
93, 443, 463. 95 107, 023, 546. 8-1 102, 742, 452. 54
48,192,531.93
46, 692,994. 78 55, 352, 459. 82
11, 258, 520. 45 13, 630, 772. 63 14,425, 072. 00
47,796,108.26
47, 817,169.36
47, 992, 332. 99
6, 913, 430. 46
6, 111, 256. 56
7, 474, 082.10
5, 674,497. 80
4, 332, 419.63
4,150,836.17
10, 209, 982.43
11, 306,132.48
10, 377,272.77
83,152, 359. 49 12. 964, 964. 25 112,172, 677.95
16, 685, 484. 00 16, 707, 550. 00 16,406,218.00
446, 217.26
396, 065. 06
374, 227. 02
42, 333, 287.44
42,173, 731. 23 79, 013, 041. 59
67, 059,152. 00 69,196,696.00
54,715, 096 00
25, ! 80, 000. 00 26, 770, 000.00
10, 860, 000.00
16, 620 986.20
17,029,065.45
17, 054, 816.40
1,800,592,002.25 1,984,068,936.53 2,019,884,549.16 1,868,787,428.19 1,925,229,617.08
1§8O.
FEBRUARY 21.
2,061 banks.
Loans and discounts $974, 295, 360.70
Bonds for circulation 361, 901, 700. 00
Bonds for deposits . - 14,917,000.00
U. S. bonds on hand. 36, 798. 600.00
Otberstocks and b'ds 41,223,583.33
Due from res've agt's 117,791,386.81
Due from nat'l banks 53, 230, 034.03
Due from State banks 14, 501,152. 51
Real estate, etc
47,845,915.77
Current expenses ... 6, 404, 743. 54
Premiums paid
3, 908, 059. 27
Cash items
10, 3-20, 274. 51
Cloar'g-house exch'gs 166, 736, 402 64
Bills of other banks . 15, 369, 257. 00
Fractional currency.
397,187.23
Specie.
89,442,051.75
Legal-tender notes .. 55, 229, 408.00
U.S. cert'fs of deposit 10, 760, 000. 00
Due from U. S. Treas. 16, 994, 381. 37
Total
2,038,066,498.46
APRIL 23.
2,075 banks.
$992,970,823.10
361, 274, 650. 00
14, 722, 000. 00
29, 509, 600.00
42, 494, 927. 73
103,904,229.84
54, 493. 465. 09
13,293,775.94
47, 808, 207.09
7, 007, 404.19
3,791,703.33
9, 857, 645. 34
99, 357, O.">6.41
21, 064, 504. 00
395, 747. 67
86. 429, 732. 21
61,048,041.00
7, 890, 000. 00
17,226,060.01
JUNE 11.
OCTOBER 1.
DECEMBER 31.
2,076 banks.
2,090 b a n k s .
2,095 b a n k s .
$994,712,646.41 $1,040,977,267.53 $1,071,350,141.79
359, 512. 050, 00
357,789,350.00
358,042,-550.00
14, 727, 000.00
14,827,000.00
14,726,500.00
28, 605, 800. 00
28,793,400.00
25,016,400.00
44, 947, 345. 75
48,863,150.22
48,628,372.77
115, 935, 668. 27
134.562,778.70
126,155,014.40
56, 578, 444. 69
63,023,796 84
69.079,326.15
13,861,582.77
15,881,197.74
17,111,241.03
47, 979, 244. 53
48,045,832.54
47,784,46 ,47
6, 778. 829.19
6,386,182.01
4,442,440 02
3, 702, 354.60
3,488,470.11
3,288,602.63
9, 980,179. 32
12,729,002.19
14,713,929.02
122, 390, 409. 45
121,095,249.72
229,733,904.59
21, 908,193. 00
18,210,943.00
21,549,367.00
387, 226.13
367,171.73
389,921.75
99, 5('6, 505. 26
109,346,509.49
107,172,9U0.92
64, 470, 717. 00
56,640.458.00
59,216,934 00
12,510,000.00
7.65,-). 000.00
6,150,000 00
16, 999, 083.78
17,103,86'*. 00
17,125,822.37
1,974,600,472.95 2,035,493,280.15 Hi, 105,786,625.82 2, 241,683,829.91
REPORT OF THE COMPTROLLER OF THtt CURRENCY.
267
BANKS FROM OCTOBER, 1863, TO OCTOBER, 1891—Continued.
MAY
1.
JUNE 29.
DECEMBER 6.
Liabilities.
2,063 banks.
Capital stock
2,059 banks.
2,056 bauks.
2,053 banks.
$473, 952, 541. 00 $471, 971, 627.00 $470, 393, 366. 00 $466,147,436.00
2,055 banks.
$464, 874, 996.00
120, 870, 290.10
45, 040, 851, 85
119,231,126.13
43, 938, 961. 98
118,178, 530. 75
40, 482, 522.64
116,897,779.98
40, 936, 213.58
116, 402,118. 84
44, 040,171.84
Nat'l bank circulat'n 300, 926, 284 00
439, 339.00
State bank circulat'n
301, 884, 704. 00
426, 504. 00
299,621,059.00
417, 808. 00
301, 888, 092. 00
413, 913. 00
303, 324. 733.00
400, 715.00
Surplus fund
Undivided profits...
1, 207, 472. 68
1,930,669.58
5, 466, 350.52
3,118, 389.91
1,473,784.86
Individual deposits.. 602, 882, 585.17
7, 243, 253.29
U. S. deposits
3, 004, 064. 90
Dep's U.S. dis.officers
625,479, 771.12
13, 811,474.14
2, 392, 281.61
621, 632,160.06
22,680,619.07
2, 903, 531.99
620, 236,176.82
41,654,812.08
3, 342, 794. 73
598, 805, 775.66
4.0,269,825.72
3,451,436.56
Due to national banks 123, 239, 448. 50
Due to State banks . . 43, 979, 239, 39
109, 720, 396. 70
44,006,551,05
117, 845,495. 88
43,360,527.86
122,496, 513. 92
42, 636, 703. 42
120, 261,774. 54
41, 767, 755.07
2, 465, 390. 79
4,215,196.23
2, 834, 012. 00
4, 270, 879.74
2, 453, 839.77
5, 022, 894.37
3, 007, 324, 85
4, 502, 982.92
3, 228,132. 93
4,525,617.45
Dividends unpaid
Notes re-discounted .
Bills payable
Total
1,729,465,956.90 1,741,898,959.05 1,750,464,706.51
, " ^ 279,133.21 1,742, 826,837.37
1§79.
Capita] stock
JANUARY 1.
APRIL 4.
JUNE 14.
OCTOBER 2.
2,051 b a n k s .
2,048 b a n k s .
2,048 b a n k s .
2,048 b a n k s .
$462,031,396.00 $455, 611, 362.00 $455,244,115.00 $454, 067, 365.00
DECEMBER 12.
2,052 b a n k s .
$454,498, 515. 00
116, 200, 863.52
36,836. 269. 21
114,823,316.49
40,812,777.59
114,321 375.87
45, 802, 815. 82
114,786,528.10
41, 300, 941.40
115,429,031.93
47, 573, 820. 75
Nat'l bank circulat'n 303, 506, 470.00
388,368. 00
State bank circulat'n
304, 467,139. 00
352.452.00
307, 328, 695.00
339, 927. 00
313, 786, 342.00
325, 954.00
321, 949,154. 00
322, 502.00
Surplus fund
Undivided profits
5,816,348.82
2,158, 516.79
1, 309, 059.13
2,658,337.46
1,305, 480. 45
Individual deposits.. 643,337, 745.26
59,701,222.90
U. S. deposits
3, 556, 801.25
Dep's U. S. dis.officers
598, 822, 694.02
303,463, 505. 69
2, 689,189.44
648, 934, 141. 42
248,421,340.25
3, 682, 320. 67
719,737, 568.89
11,018,862.74
3,469,600.02
755,459, 966.01
6, 923,323. 97
3, 893, 217.43
Due to national banks 118,311,635.00
Due to State banks . . 44, 035, 787. 56
110,481,176.98
43, 709, 770.14
137,360,091.60
50, 403, 064. 54
149,200, 257.16
52, 022, 453.99
152, 484, 079. 44
59, 232, 391. 93
2,224,491.91
4,452, 544.48
2,226, 396.39
4, 510, 876. 47
Dividends unpaid
Notes re-discounted .
Bills payable
Total
2, 926, 434. 95
3, 942,659.18
2, 205, 015.54
4,208, 201. 89
1,800,592,002.25 1,984,068,936. 53 2,019,884,549.16 1,868,787,428.19
2,116,484.47
4, 041, 649. 70
1,925,229,617.08
188O.
Capital stock
FEBRUARY 21.
APRIL 23.
JUNE 11.
OCTOBER 1.
DECEMBER 31.
2,061 b a n k s .
2,075 b a n k s .
2,076 b a n k s .
2,090 b a n k s .
2,095 b a n k s .
$454,548,585.00 $456, 097,935.00 $455, 909, 565. 00 $457, 553, 985.00
$458, 540,085.00
118,102, 014.11
50,443, 635,45
120, 518, 583.43
46,139, 690. 24
121, 824, 629. 03
47, 946,741.64
318, 088, 562. 00
290, 738. 00
317,350, 036. 00
271, 045. 00
317,484, 496.00
258, 499.00
3,452, 504.17
6,198, 238. 38
Surplus fund
Undivided profits
117,044, 043.03
42, 863, 804. 95
117,299,350.09
48, 226, 087. 61
Nat'l bank circulat'n
State bank circulat'n
320, 303, 874. 00
303, 452.00
320, 759,472.00
299, 790.00
Dividends unpaid . . .
1, 365, 001.91
1, 542,447.98
1, 330,179.8o
Individual deposits..
U. S. deposits
Dep's U. S.dis. officers
848, 926, 599. 86
7,856,791.97
3,069, 880.74
791,555,059.63
7, 925, 988. 37
3, 220, 606.64
833, 701, 034. 20
7, 680, 905.47
3, 026, 757.34
873,537,637.07 1, 006, 452, 85-2. 82
7, 898, 100.94
7, 548, 538. 67
3, 344, 386.62
3, 489, 501.01
Due to national banks
Due to State banks..
170, 245, 061. 08
65, 439, 334.51
157, 209, 759.14
63, 317,107. 96
171,462,131.23
67, 938, 795.35
192,124,705.10
75, 735, 677. 06
192, 413, 295. 78
71,185, 817. 08
Notes re-discounted.
Bills pa j able
1,918, 788. 88
4,181, 280. 53
2, 616, 900. 55
4, 529, 967. 98
2,258, 544.72
5, 260,417.43
3,178, 232. 50
5, 031, C04.96
3, 354, 697.18
4,636, 876.05
Total
2,038,066,4{)8,46 1,974,600,472.95 2,035,493,280.15 2,105,786,625.82
2,241,683,829.91
2GS
REPORT OK THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OP THE NATIONAL
MARCH 11.
Resources.
2,094 banks.
MAY
6,
2,102 banks.
JUNE 30.
OCTOBER 1.
DECEMBER 31.
2,115 banks.
2,132 banks.
2,164 banks.
Loans and discounts. $1,073,786,749. 70 $1,093,649,382. 18 $1,144,988,949. 45 $1,173,796,083. 09$1,169,177,557.16
Bonds for circulation 339,811,950.00 352,653,500.00
"
358,287,500.00" 363,385,500.00 368,735,700.00
Bonds for deposits ..
14,851,500.00
15,210,000. 00
15,265,000.00
15,540,000.00
15,715,000. 00
U. S. bonds on hand .
46,626,150.00
44,116,500.00
48,584,950.00
31,884,000.00
40,866,750.00
Other stocks and b'ds
49,515,154.92
52,908.123.98
58,049,292. 63
61,952,402.95
62,663,218.93
Due from res've ag'ts 120,820,691.09 128,017,627.03 156,258,637. 05 132,968,183.12 123,580,465. 75
Due from nat'l banks
62,295,517.34
63,176,225. 67
75,703,599.78
78,505,446.17
77,633,902.77
Due from State banks
17,032,261. 64
16,938,734.56
18,850,775.34
17,644,704.62
19,306,826.62
47,525,790.02
Real estate, etc
47,791,348.36
47,834,060.20
47,445,050.46
47,329,111. ife
7,810,930.83
4,647,101.04
Cm rent expenses
6,096,109.78
4,235,911.19
6,731,936.48
3,530,516.71
Premiums paid
3,891,728.72
4,024,763.60
4,115,980.01
4,138,485.71
10,144,682. 87
Cash items
17,337,964.
78
11,826,603.16
13,534,227.31
14,831,879.30
Clear'g-house exch'gs 147,761,543.96 196,633,558.01 143,960,236. 84 189,222,255.95 217,214,627.10
17,733,032.00
Bills of other banks .
25,120,933.00
21,631,932.00
24,190,534.00
17,732,712.00
386,569.63
Fractional currency.
386,950. 21
372,140.23
373,945. 96
105,156,195.24 122,628,562.08 128,638,927. 50 114,334,736.12 113,680,639.60
Specie
52,156,439.00
Legal-tender notes ..
62,516,296.00
58,728,713.00
60,104,387.00
53,158,441.00
6,120,000.00
TJ. S. cert's of deposit.
8,0^5,000.00
9,540,000.00
7,930,000.00
6,740,000. 00
17,015,269.83
Due from U. S. Treas.
18,097,923.40
18,456,600.14
17,251,868.22
17,472,595.96
Total.
2,140,110,944.78 2,270,226,817.76 2,325,832,700.75 2,358,387,391.59J 2,381,890,866.85J
1882.
MARCH 11.
MAY 19.
JULY 1.
OCTOBER 3.
DECEMBER 30.
2,187 banks.
2,224 banks.
2,239 banks.
2,269 banks.
2,308 banks.
Loans and discounts- $1,182,661,609. 53 $1 189,094,830.35$! ,208,932,655.92$! ,243,203,210. 08 $1,230,456,213.97
Bonds for circulation 367,333,700.00 360,153,800.00 355,789,550. 00 357,631,750.00 357,047.650.00
16,344,000.00
15,920.000. 00
15,920,000.00
16,111,000.00
16,093,000.00
Bonds for deposits ..
15,492,150.00
27,2421550.00
29,662,700.00
21,314,750. 00
IT. S. bonds on h a n d . .
28,523,450.00
66,998,620.36
66,691,399.56
65,274,999.32
Other stocks and b'ds
64,430,686.18
66,168,916.64
Due from res've agt's 117,452.719.75 121,189,945.23 118,455,012.38 113,277,227.87 122,066,106. 75
76,073,227.76
75,366,970.74
66,883,512.75
Due from nat'l banks
68,516,841.06
68,301,645.12
18,405,748.49
16,344,688.66
16,800,174.92
Due from State banks
17,305,468.44
15,921,432.07
46,993,408.41
46,425,351. 40
46,956,574.28
46,537,066.41
Real estate, etc
47,073,247.45
5,130,505.53
3,030,464.69
6,774,571.86
7,238,270.17
Current expenses . . .
8,494,036.21
6,472,585.82
5,494,224.
35
5,062,314. 52
6,515,155.03
Premiums paid
3,762,382. 59
16,281,315.67
20,166,927.35
12,295,256.96
14,784,025. 21
Cash items
13,308,120.70
155,951,194.
81
159,114,220.08
107,270,091.71
208,366,540.08
Clear' g-house exch'gs 162,088,077.94
25,344,775.00
21,405,758.00
25,226,186.00
20,689,425.00
Bills of other banks .
19,440,089. 00
401,314.70
390,236. 36
373,725.83
396,367.64
Fractional currency389,508.07
Specie
109,984,111.04 112,415,806. 73 111,694,262.54 102.857,778.27 106,427,159.40
68,478,421.00
65,969,522. 00
64,019,518.00
63,313,517.00
Legal-tender n o t e s . .
50,633,57?. 00
8,475,000.00
10,395,000. 00
11,045,000. 00
8,645,000. 00
XT.S. cert's of deposit.
9,445,000. 00
17,954,069.42
17,099,385.14
16,830,407.40
17,161,367.94
Due from TJ. S. Treas.
17,720,701.07
Total
2,309,057,088.72 2,277,924,911.13 2,344,342,686.90 2,399,833,676.84 2,360,793,467.09
1 8 8 3.
MARCH 13.
MAY 1.
JUNE 22.
OCTOBER 2.
DECEMBER 31.
2,343 banks.
2,375 banks.
2,417 banks.
2,501 banks.
2,529 banks.
Loans and discounts. $1,249,114,879. 43 $1,262,339,981. 87 $1,285,591,902.19 $1,309,244,781 64 $1,307,491,250.34
~~ 354,480,250.00 354,002,900.00 351,412,850.00
Bonds for circulation 354,746,500. 00
"
345,595,800.00
Bonds for deposits . 16,949,000.00
17,116,000.00
16,846,000.00
16,799,000.00
17,081,000.00
U. S. bonds on hand .
13,151,250.00
15,870,600.00
16,978,150.00
13,593,050.00
17,850,100.00
Other stocks and b'ds
71,609,421.62
71,114,031.11
68,340,590.79
68,552,073. 03
68,428,685. 67
Due from res've ag'ts 121,024,154. 60 109,306,823. 23 126,646,954.62 124,918,728. 71 126,999,606, 92
Due from nat'l banks
77,902,785.07
65,714,229.44
68,477,918.02
66,164,638.21
67,263.503.86
Due from State banks
19,402,047.12
18,266,275.05
19,382,129.33
19,451,498.16
16,993,341. 72
49,540,760.35
48,337,665.02
47,155,909.
80
47,502,163.52
Real estate, etc
47,063,305.68
4,878,318.44
6,808,327.30
7,754,058.86
8,829,278.26
Current expenses ...
8,949,615.28
8,647,252.98
8,064,073.60
7,798,445.04
8,079,726.01
Premiums paid
7,420,939.84
17,491,804.43
13,581,049.94
Cash items
15,461,050.16
11,109,701.18
11,360,731. 07
96,353,211.76 134,545,273.98
90,792,075. 08
Clear'g-house exch'gs 107,790,065.17 145,990,998.18
28,809,699. 00
22,675,447.00
Bills of other banks .
22,655,833.00
26,279,856.00
19,739,526.00
427,754.35
443,951.12
Fractional currency.
446,318.94
456,447.36
431,931.15
Specie
97,962,306. 34 103,607,266. 32 115,354,394.62 107,817,983. 53 114,276,158.04
80,559,796.00
70,672,997.00
Legal-tender notes ..
68,256,468. CO 73,832.458.00
60,848,068.00
10,840,000.00
9,970,000.00
CT.S. cert's of deposit.
8,420,000.00
10,685,000. 00
8,405,000.00
16,865.938.85
16,586,712.60
DuefromU. S. Treas.
17,497,694. 31
17,407,906. 20
16,726,451.30
Total
2,298,918,165.11 2,360,192,235.85 2,364,833,122.44 2,372,656,364.82 2,445,880,917.49
REPORT OF THE COMPTROLLER OF THE CURRENCY.
269
BANKS FROM OCTOBER, 1863, TO OCTOBER, 1891—Continued.
1 88
1.
MARCH 11.
MAY 6.
JUNE 30.
OCTOBER 1.
DECEMBER 31.
2,094 banks.
2,102 b a n k s .
2,115 b a n k s .
2,132 banks.
2,164 banks.
Liabilities.
Capital stock
$458, 254,935. 00 $459, 039, 205.00 $460, 227, 835.00 $463, 821, 985. 00 $465,859,835.00
Surplus fund
Undivided p r o f i t s . . . .
122,470, 996.73
54, 072, 225.49
124,405, 926. 91 126, 679, 517.97
54, 906,090. 47
54, 684,137.16
128,140, 617.75
56, 372,190. 92
129, 867,493.92
54, 221, 816.10
N a t ' l bank circulation
S t a t e b a n k circulat'n
298, 590, 802. 00
252, 765. 00
309, 737,193. 00 312, 223, 352. 00
252, 647. 00
242,967. 00
320, 200, 069.00
244, 399. 00
325,018,161.00
' 241,701. 00
3,836,445.84
6,372, 737.13
Dividends unpaid
1,402,118.43
2,617,134.37
5, 871, 595. 59
Individual d e p o s i t s . .
U. S. deposits
Dep'sTJ. S.dis. officers
933, 392, 430. 75 1, 027, 040, 514.10 1L, 031, 731, 043. 42 ^,070,997,431.711,
1,
., 102, 679,163.71
8,476, 689. 74
9, 504,081. 25
8, 971, 826. 73
7,381,149.25
8,796,678.73
3, 631, 803.41
3, 272, 610.45
3, 371, 512.48
3, 839, 324. 77
3, 595, 726.83
Due to national banks
D u e to State b a n k s . .
181, 677, 285. 37
71,579,477.47
191, 250, 091. 90
80, 700. 506. 06
Notes re-discounted.
Bills payable
2, 616,203.05
4,581, 231. 47
2,908,370.45
4,493,544.77
Total
223, 503, 034.19 205,862,945.80
91,035, 599. 65 89, 047,471.00
2, 220, 053. 02
5,169,128.57
3,091,165.30
4, 664, 077.12
197,252,326.01
70,380,429.38
4,122,472.79
4,482,325.25
2,140,110,944.78 , 270, 226, 817. 76 2, 325, 832, 700.75 2, 358, 387, 391. 59 2, 381,890,866.85
1 8 §2.
MARCH 11.
2,187 banks.
Capital stock 1
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulat'n
Dividends unpaid
MAY
19.
2,224 banks.
JULY 1.
OCTOBER 3.
DECEMBER 30.
2,239 b a n k s .
2,269 b a n k s .
2,308 banks.
$469,390, 232. 00 $473, 819,124. 00 $477,184, 390.00 $483,104,213. 00 $484,883,492.00
130, 924,139. 66
60,475, 764. 98
129,233,358. 24
62, 345,199.19
131,079, 251.16 131, 977, 450. 77
52,128, 817. 73 61,180,310.53
135, 930,969.31
55, 343, 816.94
323,651, 577.00
241, 527.00
315, 671, 236. 00
241, 319. 00
308,921, 898. 00 314, 721, 215.00
221,177.00
235,173. 00
315,230, 925.00
207,273.00
1,418,119,12
1,950, 554.88
6, 634, 372.20
3,153, 836.30
6, 805,057.82
Individual deposits.. 1,036, 595, 098. 20 1,001,687,693.741., 066, 707, 248. 75 1, 122,472, 682.46 1:, 066, 901, 719.85
8,817,411.21
9,817,224.44
9,741,133.36
9, 622, 303. 58
8, 853, 242.16
U. S. deposits
2, 867, 385. 63
3, 627, 846. 72
3,493, 252. 88
3,786, 262.20
D e p ' s U . S. dis. officers
3, 372, 363. 96
D u e to national b a n k s
D u e to State banks . .
187, 433,824.90
78, 359, 675. 85
192, 067, 865.26
78, 911,787.20
194,868,025. 46
84, 066,023. 66
180, 075, 749. 77
79, 885, 652. 22
194,491, 260.60
77,031,165. 82
Notes re-discounted .
Bills payable
3, 912, 992.38
4,428,531.51
3,754,044. 38
5, 008, 343. 00
4,195, 210.99
5,637, 665. 88
5, 747, 614. 68
4, 848, 517.18
6, 703,164.45
3, 856,056. 54
Total.
2, 309,057, 088.72 2,277,924,911.13 2,344,342,686.90 2,399,833, 676.84 2, 360,793,467.09
1883.
MARCH 13.
2,343 b a n k s .
Capital stock
Surplus fund
Undivided profits
UTat'l banfc circulation
State bank circulat'n
Dividends unpaid
MAY
1.
2,375 b a n k s .
JUNE 22.
OCTOBER 2.
DECEMBER 31.
2,417 banks.
2,501 banks.
2,529 banks.
$490,456,932.00 $493, 963,069.00 $500,298,312.00 $509,699, 787.00 $511,837,575.00
136,922,884.44
59,340, 913.64
137, 775,004.39
60, 739, 878. 85
138,331,902.06
68, 354,157.15
141,991,789.18
61, 560, 652.04
144,800,252.13
58,787,945.91
312,778,053.00
206,779.00
313, 549,993.00
198,162.00
311,963,302. 00
189,253.00
310, 517, 857. 00
184,357.00
304, 944,131. 00
181,121.00
1,389,092.96
2,849,629.87
1,454,232.01
3,229,226.31
7,082, 682.28
Individual deposits..
1,004, 111, 400.55 1,067,962,238. 351, 043,137, 763.111,049,437,700. 571,106,453,008.23
9,613,873.33
11,624,894.57
10,130,757.88
10,183,196 95
10,026,777.79
U. S. deposits
3,787,225.31
3,618,114.79
3,743,326.56
3,980,259.28
3,768,862.04
Dep's [J. S.dis. officers
D u e to national b a n k s
D u e t o State b a n k s . .
191,296, 859.14
80,251, 968.26
180,445, 876.92
78, 544,128.82
194,150,676.43
84, 744,666. 35
Notes re-discounted .
Bills payable
5,101,458.69
3,660, 724.79
5, 557,183.69
3,364,061.60
5,197,514.12
3,137, 259.77
186,828, 676. 27 200, 867, 280.06
84, 776,421.60
83,602,073. 01
7,387, 537.40
4,053,252.81
8,248,562. C7
4,106,297.78
2,298,918,165.11 2, 360,192,235.85 2,364, 833.122.44 2, 372,656,364.82 2,445,880, 917.49
Total
270
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
Resources.
MARCH 7.
APRIL 24.
JUNE 20.
SEPTEMBER 30.
DECEMBER 30.
2,563 b a n k s .
2,589 banks.
2,625 b a n k s
2,664 b a n k s .
2,664 b a n k s .
Loans and discounts $1,321,548,289. 62 $1,333,433,230. 54 $1,269,862,935.96 $1,245,294.093.37 $1,234,202,226.44
Bonds for c irculation 339, 816,150.00 337, 342, 900. OOi 334, 346, 350. 00 327, 435, 000. 00 317, 686, 050. 00
Bonds lor deposits . .
16, 850, 000. 00
17,135, 000. 00
17,060, 000. 00
16, 840, 000. 00
16, 740, 000. 00
TJ. S. bonds on h a n d . .
18, 672, 250. 00
14,143, 000. 00
15, 560, 400. 00
12,305,900.00
13, 579, 600. 00
Other stocks and b'ds
73,155,984. CO
72, 572, 306. 93
73, 424, 815. 97
71, 363, 477. 46
73, 449, 352. 07
D u e from res've ag'ts 138, 705, 012.74 122,491,957.98
95, 247,152. 62 111, 993, 019. 65 121,161,976.80
D u e from n a t ' l b a n k s
64, 891, 670.13
64, 638, 322.58
66, 335, 544. 57
69, 459, 884.45
68, 031, 209. 90
D u e from State b a n k s
17, 937, 976. 35
16, 306, 500.91
18, 329, 912.01
18,145,827. 61
15,833,982.98
49,418,805.02
Real estate, etc
50,149, 083. 90
49,889, 936.06
49, 900, 886. 91
49,667,126. 87
7, 813, 880.56
C u r r e n t expenses
8, 866, 558. 09
6.913, 508. 85
9, 670, 996.14
8, 054, 296. 82
9,742,601.42
P r e m i u m s paid
10, 605, 343.49
l l j 632, 631.68
11,923,447.15
9, 826,386. 76
11, 383, 792. 57
Cash items
13,103,098.55
11, 382, 292. 69
11, 924,152. 89
11,237,975.71
Cl'g-house loan cert's
10,335, 000.00
1, 690, 000. 00
1, 870, 000. 00
Clear'g-house exc'gs.
68, 403, 373. 30
69, 498, 913.13
66,257,418.15
75,195,955.95
83,531,472.58
Bills of other b a n k s .
23,485,124.00
23, 386, 695. 00
26, 525,120.00
23, 258, 854. 00
22, 377, 965. 00
Fractional c u r r e n c y .
491, 067.76
489, 802. 51
473, 046. 66
469,023. 89
456,778.26
122, 080, 127. 33 114, 744, 707. 09 109, 661, 682 11 128, 609, 474. 73 139, 747, 079. 53
Specie
:
75, 847, 095. 00
77, 712,628. 00
Legal-tender notes . .
76,917,212.00
77, 044, 659. 00
76, 369, 555.00
14, 045, 000.00
11, 990, 000. 00
TJ. S. cert's of deposit
9, 870, 000. 00
14, 200,000.00
19, 040, 000.00
16,465, 785. 66 17,468, 976. 58
D u e from TJ. S.Treas
15,442,306.52
17, 022,999. 34
17, 739, 906. 28
Total
2, 390, 500, 638.51 2, 396, 813,834.92 2,282, 598,742. 96;2,279,493,880.07 2,297,143,474.27
MARCH 10.
MAY 6.
JULY 1.
OCTOBER 1.
DECEMBER 24.
2,671 b a n k s .
2,678 b a n k s .
2,689 b a n k s .
2,714 b a n k s .
2,732 b a n k s .
i, 143,990.46 $1,343,517,559.96
Loans and discounts. $1,232,327,453.69 $1,241,450,649.79 $1,257,655,547.92 $1,306,
307, 657, 050.00
"
304,776,750.00
Bonds for circulation 313,106, 200.00 312,168,500.00 310,102,200.00 """
16,815,000.00
16,740,000.00
Bonds for deposits . .
17,607, 000. 00 17, 457, 000. 00 18, 012,000. 00
TJ. S. bonds on h a n d . .
14, 807, 650. 00
14, 769, 250. 00 14, 588, 800.00 14, 329,400. 00 12, 665,750.00
O t h e r stocks and b'ds
75,152,919.35
75,019,208.99
77,249,159.42
77, 495, 230. 25 77, 533, 841. 38
D u e from res've ag'ts 136, 462, 273. 26 130, 903,103.77 132, 733, 901. 34 138, 378, 515.15 139,239,444. 80
D u e from n a t ' l banks
66,442,054.87
67, 866, 656.57 77,220, 972.29 78, 967, 697.86 79,452,309.67
D u e from State banks
17, 572, 822.65
17, 348, 938.11 17,180, 008. 46 17, 987, 891.44 18, 553,946.46
51, 963, 062. 01
49, 699, 501.42
49, 886, 378. 87 50, 729, 896. 08 51,293,801.16
Heal estate, etc
9,416, 971.01
6, 853, 392.72
7, 877, 320.27
7, 096, 268. 06 3, 533,759. 49
Current expenses—
11, 802,199.86
12,330,437.60
12, 358, 982.70 12, 690, 663.41 12,511,333.41
Premiums paid
11,228, 856. 82
11,276, 626.48 17,214, 373. 52 14, 347, 579. 53 12,810,187.64
Cash items
630, 000.00
1,110, 000. 00
1, 530, 000.00
1,430, 000.00 1,380, 000.00
Cl'g-house loan cert's
Clear'g-house exc'gs. 59, 085, 781. 99 72, 259,129. 39113,158,675.32 84, 926, 730. 76 92, 351, 296.77
23,178,052.
00
Bills of other banks.. 22,013,314.00 26,217,171.00 23,465, 388. 00 23,062, 765.00
415, 082.64
477, 055.17
519, 529. 96
513,200.12
Fractional currency.
489, 927.18
1,670,
961.77
1, 605, 763.69
Trade dollars..
167,115,873. 67 177, 433,119.30 177,612,492.02 174, 872, 572.54 165,354, 352.37
Specie
79, 701, 352. 00 69, 738,119. 00 67,585,466. 00
71, 017, 322.00 77, 336,999.00
Legal-tender notes ..
19,135, 000.00 22, 920, 000.00 18,800,000. 00 11, 765, 000.00
TJ. S. cert's of deposit 22, 760,000.00
14,981,021.79
14,617, 897. 02 14, 897,114.24
15,079, 935. 80 15,473,270.84
D u e from U . S.Treas.
Total
2,312, 744, 247. 35 2,346,682,452. 99 2,421, 852,016.47 2, 432,913, 002.38 2,457, 675, 256.13
1886.
MARCH 1.
JUNE 3.
AUGUST 27.
OCTOBER 7.
DECEMBER 28.
2,768 banks.
2,809 banks.
2,849 banks.
2,852 b a n k s .
2,875 b a n k s .
Loans and discounts. $1,367,705,252.80 $1,398,552,099. 71 $1,421,547,199.22 $1,460,957,054.93 $1,470,157,681.13
Bond8 for circulation 296, 661,400. 00 279, 414,400.00 270, 315,850.00
" 258,498, 950. 00 228, 384, 350.00
18,810,000.00
19,984,900.00
Bonds for deposits . .
18,637,000.00
20,105, 900.00
21, 040,900.00
12, 535, 550.00
14, 368,950. 06 12, 326, 5U0. 00
TJ. S. bonds on b a n d . .
16, 580, 050.00
10, 576,200. 00
82,439, 901. 64 81,825,266.40
Other stocks and b'ds
80,227, 388. 98 83,347,119.93
81,431,000.66
133, 027,136. 53 143, 715,221.45 140,764, 579.01 142,117, 979.28
D u e from res've ag'ts 142,805,686.91
77, 632,198.47 . 78,091,411.58 80,526, 615. 77
Due from nat'l banks
76, 933, 579.67
88, 271, 697.96
17,720, 924. 26
18, 387, 215.76 20,140,256. 27
Due from State b a n k s
18,834,235.88
21, 465,427. 08
53,117,564.42
53,834, 583.58 54,090, 070. 94
52,262,718.07
Real estate, etc
54, 763, 530. 37
8, 684, 672.33
5, 837,175.21
7, 705, 850. 57
Current expenses
7,438, 741.12
10, 283, 007.79
13,298, 269.23
13,641,463.72
Premiums paid
12, 237, 689.15
14, 303, 529. 55
15,160, 621.67
12,181,455. 80
10,408,981.58
15,135, 538.48
Cash items
13,277,169. 64
13,218,973.44
205, 000. 00
85, 000. 00
Ci'g-house loan cert's
505, 000. 00
76,140, 330. 60
62,474, 605. 90 95, 536, 941.15
Clear'g-house exc'gs.
99,923,656.84
70, 525,126. 92
25,129, 938. 00
21, 602, 661. 00 22, 734, 085. 00
Bills of other b a n k s .
20, 503, 303.00
26,132, 330. 00
452, 361. 34
451, 308.89
Fractional currency.
470,175.18
434, 220. 93
447, 833.09
1,713,
384.
35
1,857,041.56
1,
889,
794.
55
1,681,530.65
T r a d e dollars
1,827, 364. 20
Specie
171, 615,919.39 157, 459,870.49 149,000,492.10 156, 387, 696. 00 166, 983, 556.01
79, 656, 788. 00
64, 039, 751. 00 62,812,322.00
Legal-tender notes . .
67,014,886.00
67, 739, 828.00
11, 850, 000. 00
8,115, 000.00
TJ. S. cert's of deposit
6,195, 000.00
5, 855,000. 00
12,430, 000. 00
12,198,526.43
11, 868, 912. 52 11, 358, 014.97
5 % fund with T r e a s .
12,953, 248.20
10,056,128.39
1,410,
892.
00
1, 599, 303.36
DuefromTJ. S.Treas.
2,592,042.94
975,376.96
1, 513, 019.67
Total
2,494, 337,129.44 2,474, 544,481. 89 2,453, 666,930.07 2,513,854,751.17 2, 507,753,912.95
REPORT OF THE COMPTROLLER OF THE CURRENCY. 271
BANKS FKOM OCTOBER, 1863, TO OCTOBER, 1891—Continued.
1**1.
Liabilities.
Capital stock.
MARCH 7.
APRIL 24.
JUNE 20.
SEPTEMBER 30.
DECEMBER 20.
2,'63 b a n k s .
2,589 b a n k s .
2,625 b a n k s .
2,664 b a n k s .
2,664 b a n k s .
$515, 725, 005. 00 $518, 471, 844. 00 $522,515,996.00 $524, 271, 345. 00 $524,089,065.00
Surplus fund . . . . . .
Undivided profits
145, 741, 679.90
63,644, 861. 56
146, 047, 958.07
67,450, 459. 00
145,763,416.17
70, 597, 487. 21
147, 055, 037.8!
63, 234,237. 62
146, 867,119.06
70,711,369.95
Nat'l bank circulati'n
State bank ciivulati'n
298,791,610.00
180, 589. 00
297, 506, 243.00
180,576.00
295,175, 334. 00
179, 666. 00
289, 775,123.00
179, 653.00
280,197,043. 00
174, 645.00
1, 415, 889. 58
Dividends unpaid
1,422, 901. 91
1,384,686.71
3, 686,160. 33
1,331,421. f4
Indiv dual deposits.. 1, 046, 050,167.90 1i, 060, 778, 388. 00 979, 020, 349 63
U.S. deposits
9, 956, 875. 24
11, 233, 495.77
10, 530, 759. 44
Dep's U. S. dis. offic'rs
3, 856, 461. 66
3, 588, 980, 50
3, 664, 326.13
975, 243, 795.14
10, 367, 909. 92
3, 703, 804. 34
987, 649, 055. f8
10, 655, 803. 72
3, 749, 969. 85
Due to national banks
Due to State banks..
155, 785, 354. 44
70, 480, 617.11
.173, 979,149. 80
72, 408, 206. 85
187, 296, 348.30
72,572,381.43
11, 343, 505.55
4,262, 244. 57
11, 895, 000.00
11, 008, 595. 07
4, 580, 862.15
8, 433, 724. 67
3,415,524.07
Notes re-discounted..
Bills payable . . . .
Cl'g-house loan cert's
Total .
Capital stock
207, 461,179. 63 192, 868, 942.31
88,466, 363. 89 86, 778, 138. 85
6, 234, 202. 32
2, 968, 740. 50
7, 299, 284. 58
3,193, 635.20
2, 390, 500, 638.51 2, 396, 813, 834. 92 2, 282, 598,742. 96 2, 279,493, 880.07 2,297,143,474.27
MAKCH 10.
MAY 6
JULY 1.
OCTOBER 1.
DECEMBER 24.
2,671 b a n k s .
2,678 b a n k s .
2,689 b a n k s .
2,714 b a n k s .
2,732 b a n k s .
$524, 255,151.00 $525,195, 577.00 $526,273,602.00 $527, 524,410. 00 $529, 360, 725. 0
146, 624, 642.
59, 335, 519.
150,155, 549.52
69,229, 645. 82
273, 700, 047. OTi 269,147,690. 00
144, 489. 00
144, 498.00
268, 869, 597. 00
136, 898.00
267,430,837.00
133,932. 00
6,414, 263.98
3, 508, 325. 38
1,360, 977.27
Surplus fund
Undivided profits...
145, 907, 800. 02
60, 206,452. 56
145,103,776.01
60,184,358.12
Kat'l bank circulati'n
State bank circulati'n
274, 054,157. 00
162, 581. 00
Dividends unpaid....
1,301,937.73
146, 523, 799. 94
52, 229, 946.61
2, 577,236. 08
Individua. deposits.
U.S. deposits
Dep's U. S. dis. offic'rs
996, 501, 647.401, 035, 802,188.56 1,106,376, 516. 80 1,102,372,450. 35 1, H I , 429, 914.98
11,006,919.47
11,690,707.52
10,995,974.68
11,552,621.98
12,058,768.36
3,039,646.40
3,330,522.70
3,027,218.02
2,714,399.37
3,005,783.11
Due to national banks
Due to State banks.
205, 877, 203. 09
82,190, 567.43
199, 081,104. 40
81,966,092.25
203, 932. 800. 05
88, 847,454. 78
Notes re discounted..
Bills payable
6,299, 722.15
1, 850,462.10
5, 736, 012.02
2,167, 333.33
5, 864, 000. 85
2, 074,259 76
Total.
213,534, 905. 08
86,115, 061.25
8,432,792.
2,191,380.
216, 564, 533.96
85, 060,162. 27
9, 932, 828. 24
1,951,598.60
2,312, 744,247.35 2,346,682,452. 99 2,411, 852, 016.47 2,432, 913, 002. 38 2, 457, 675,256.1 3
1880.
Capital stock
MARCH 1.
JUNE 3.
A U G U S T 27.
OCTOBER 7.
DECEMBER 28.
2,768 b a n k s .
2,809 b a n k s .
2,849 b a n k s .
2,852 b a n k s .
2,875 b a n k s .
$533,360,615.00 $539,109,291.72 $545, 522, 598. 00 $548,240,730.00 $550, 698,675.00
Surplus fund
Undivided profits —
152, 872, 349.01
59, 376, 381. 80
153,642, 934.88
67, 662,886.02
157, 003,875.60
62,211,565.63
157,249,190.87
66, 503, 494. 72
159, 573, 479.21
79, 298, 286.13
Nat'lbank circulati'n
State bank circulati'n
256,972,158.00
133,931.00
244, 893, 097. 00
132,470.00
238, 273, 685. 00
128, 336. 00
228, 672, 610. 00
125,002. 00
202,078,287.00
115,352.00
1, 534, 905. 58
1,526, 776.66
1, 863, 303.62
2,227,810.59
1,590,345.06
Dividends unpaid
Individual deposits.. 1,152,660,492.061[,146,246,911. 431,., 113,459,187. 35 1,172,968,308.64 1[,169,716,413.13
14, 295,927. 74
13, 842, 023. 69
13, 670, 721. 76
13, 705,700. 73
12,414, 566. 52
TJ. S. deposits
2, 721,276.77
2, 798, 864.55
2, 884, 865.62
4,276,257.85
3,019,018.72
Dep's XL S. dis>. offic'rs
Due to national banks
Due to State banks..
219,778,171.80
92,603,570.46
204,405,273.11
90,591,102.81
218,327,437.33
90, 366, 354. 90
218,395,950.54
90, 246,483.31
223,842,279.46
91, 254,533.23
Notes re-discounted..
Bills payable
8, 376, 095.20
1,174,874.29
8, 718, 911.71
1,145, 240. 26
7,948, 698. 27
1, 381, 095. 01
10, 594,176.56
2,067,693.48
9,159,345.79
2,444,958.36
Total
2, 404, 337,129. 44 2, 474, 544, 481. 89 2,453,666,930.07
513, 864,751.17 2,507,753,912.9s
272
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
18 8 7.
Resources.
Loans and discounts
Bonds for circulation
Bonds for d e p o s i t s . .
TJ. S. bonds on h a n d .
Other stocks and b'ds
Due froraresv'e agt's
D u e from nat'l b a n k s
D u e from State b a n k s
Real estate, etc
Current expenses...
P r e m i u m s paid
Cash items
Clear'g-house exc'gs
Bills of other b a n k s .
Fractional currencyT r a d e dollars
Specie
Legal-tender n o t e s . .
U. S. cert's of deposit
5 % fund with T r e a s
Duefrom U.S.Treas.
Total
MARCH 4.
MAY 13.
2,909 b a n k s .
2, 955 b a n k s .
|
AUGUST 1.
3, 014 banks.
I
OCTOBER 5.
DECEMBER 7.
3, 049 b a n k s .
3, 070 banks.
,515,534.674. 67 $11,560,291,810. 73 $1,560,371,741. 05 $1,687,549,133.76 $1,583,941,484.96
211, 537,150. 00 200, 452, 300. 00 189, 032, 050. 00
"" 189 083,100.00 186, 431, 900. 00
22, 976, 900. 00
26, 402,000. 00
42, 203, 000. 00
27, 757, 000.00
24, 990, 500.00
9,721,450.00
7, 808, 000.00
6, 988, 550. 00
6, 914, 350. 00
«, 157, 250.00
87,441,034.86
90, 775, 413. 31
88, 374, 837. 99
88, 831, 009.96
88,031,124.15
163,161,181.37 148, 0Q7, 874. 43 140,270,155.75 140, 873, 587. 98 132, 959, 765. 34
86,460, 829.09 105,576,841.99 299, 487, 767. 80
98, 227, 065. 30
93, 302, 413. 94
21,725,805.99
30, 952,187. 86 22,103, 677.18
21,995,356.41
22, 746,190. 43
55,128, 600.78
56, 954, 622. 58
58, 825,168.16
57,968, 159.71
55, 729, 098. 76
8, 064, 292.40
5,158, 940.86
10, 600, 8 L7. 35
8, 253, 890.72
7,781,151.97
15, 537, 721.22
17,353,130.17
18, 797, 205. 79
17,288, 771.35
16, 806,431.83
13/308, 520. 04 13, 065, 663. 79
16, 914, 070.02
13, 326, 455. 77
14, 691, 373. 38
89, 239,104. 59
85, 097, 380.41
86, 829, 363 73 128,211, 628. 48 88, 775, 457. 99
22, 235, 206. 00
22, 962, 737. 00
23,447, 294. 00
21, 937, 884.00
25,188,137. 00
564, 266. 72
577, 878.03
554, 906. 55
540, 594. 50
556,186. 75
1,803, 661.40
63, 671. 97
328.09
509.25
184, 203. 08
171, 678, 906.15 167,315,665.62 165,104,210.28 165, 085, 454. 38 159, 240, 643.48
66,228,158.00
74, 477, 342.00
73, 751, 255. 00
79, 595, 088.00
75, 361, 975.00
7, 810, 000. 00
7, 645, 000. 00
6,190, 000.00
8, 025, 000. 00
6,165. 000.00
9, 280, 755.33
8,341,988.77
8. 310, 442. 35
8, 810, 585. 35
8,168, 503. 20
1, 856,195.13
660, 818.42
985, 4 L0.14
1,113,554.81
1, 068,117.43
2,581,143,115. 05j2, 629, 314, 022. 42 2, 637, 276,167.72 2, 620,193,475. 59 2, 624,186,330. 55
18 8 8.
Resources.
FEBRUARY 14.
APRIL 30.
JUNE 30.
OCTOBER 4.
DECEMBER 12.
3,077 b a n k s .
3, 098 b a n k s .
3,120 b a n k s .
3,140 b a n k s .
3,150 b a n k s .
Loans and discou nts $1,584,170,370.51$!1,606,397,923. 95 $1,628,124,561. 83 $11,684,180,624. 27 $1,676,554,863.67
Bond* for circulation 181, 845,450. 00 181, 042, 950. ~
177,543,900.00 171, 867, 200. 00" 162,820,650.00
56, 863, 000. HO
56, 643, 000.
Bouds for deposits..
55, 788, 000.00
54, 208, 000.00
48, 949, 000.00
6,450, 500. 00
7, 639, 350.
U.S. bonds on hand.
7. 830,150.00
6, 507, 050. 00
6, 374, 400. 00
94,153, 688. 97
95, 296, 917.
Other stocks and bd's
96,265,812.31
99, 752, 403.73 102, 276, 898.17
Due from res've ag'ts 155, 341, 240.86 146, 477, 902.
158,133, 598. 31 170,458,593.83 156,587, 199.27
95,519,102.
Due from nat'l banks
92, 980, 682. 48
101, 689, 774. 90
99, 821, 000. 57 107,175,402.59
22, 709, 703.
Duefrom State banks
21, 880, 069. 60
22, 714, 258. 27
23, 767, 260. 53
24, 217,165. 51
60,111,356.
Real estate, etc
59, 366, 247. 85
61,101,833.19
62,634,791.74
63, 436, 066. 74
9, 843, 637.
Current expanses...
6, 531, 237. 71
5,685,313.21
8, 498, 758.28
11,342,192.45
19, 501, 481.
Premiums paid
19, 779, 498. 56
18, 903, 434. 54
17, 615, 898. 02
16,681,256.50
14, 644, 675
Cash items
12,255,978.
16, 855, 801.15
15, 071, 024. 30
14,140, 858.12
Clear'g-house exc'gs
73, 418, 037. 29 117, 270, 706.
74, 229,763. 69 102, 439, 751. 67
91, 765, 292. 99
24, 434, 212.
Bills of other banks.
23,145, 206. 00
21, 343, 405. 00
21,600,818.00
21, 728, 238. 00
662, 722.
Fractional currency.
683,148. 93
632, 602. 42
684, 268.41
628, 387. 42
351.
Trade dollars
437, 59
371. 76
419. 05
7G3.56
173, 830, 614.62 172,074,011.
Specie
181,292,276.76 178,097, 816, 64
82, 317, 670. 00
83, 574, 210.
Legal-tender notes..
81,995,643.00
81, 099, 461.00
82, 555,060. 00
10,120, 000. 00
9, 330, 000,
U. S. cert's of deposit
12,315,000.00
8, 955, 000.00
9, 220, 000. 00
7, 993,189. 22
7, 887, 950,
5% fund with Treas.
7, 765, 837.16
7, 555, 401. 72
7,141, 434.41
1, 240, 035. 56
1, 361, 033.
Due from U. S. Treas.
1,236, 675. 66
935, 799. 31
1, 246, 391. 04
Total.
664,366, 304.44 2, 732,423,198.19
731, 448,016.16 2, 815, 751, 341.07 2, 777, 575, 799. 00
18 8 9 .
Resources.
FEBRUARY 26.
MAY 13.
JULY 12.
SEPTEMBER 30.
DECExMBEU 11
3,170 b a n k s .
3,206 b a n k s .
3,239 b a n k s .
3,290 b a n k s .
3,326 b a n k s .
Loans and discounts $1,704,067,489. 39$I ,739,651,934. 67 $11,779,054,527. 66 $1,817,257,703.17 $\ ,811,686,891.57
Bonds fir circulation 156, 728, 200.00 149, 520, 850. 00 147, 502, 200. ""
00 146, 471, 700. 00 143, 434, 700. 00
46, 384, 000 00 44, 882, 000.00
Bonds for deposit . . .
44. 832, 000. 00
44, 063, 000. 00
41,681,000.00
6, 690, 800. 00
U.S. bond s on hand..
6, 395, 000.00
4,438, 200.00
6,810, 100.00
3, 740, 350. 00
Other stocks and b'ds 102, 215, 066. 01 103, 030, 575. 31 106, 712, 474. 80 109,313,635.01 111,344,480.32
Due from res ve ag'ts 192, 702,196.35 187, 372, 295.47 192,590, 073. 67 189,136,281.01 164,889, 765.16
Due from nat'l banks 101, 327, 319.18 107, 091, 577.44 108, 999, 878. 96 117, 869, 749. 37 118,206,354.91
26, 924, 218.24
Due from State banks
28, 417, 511. 26
24, 651, 712.33
25, 956, 516. 98
28,143, 681.33
66, 855, 303. 68
69, 377,173.73
60, 248,183.93
Real estate, etc
67, 377,183.12
70, 694,191. 37
8, 984, 846. 65
8, 525, 924,84
7,418,190.08
Current expenses . . .
3, 760, 961.17
11, 902, 368.22
17, 058, 275. 44
16, 729, 244. 88
Premiums paid
17,120, 726. 31 16, 613, 917.93
15, 847, 602. 85
15, 049, 325. 16
17,059, 786. 57
12, 676, 652.11
Cash items
14, 350, 765.37
15,134, 700.19
84, 111, 547. 63 101,452,588.54 101, 552, 062. 67 136, 783,162. 26 103,719,453.43
Clear'g-house exc'gs
25, 722, 720. 00
20, 875, 528. 00
22, 411, 826. 00
Bills of other banks .
24, 761, 487. 00
20, 388, 807. 00
698, 369.91
682, 034. 93
Fractional currency.
717,823. 63
719,273,63
720, 462.37
182,284, 803.00 185,176,450.86 175, 903, 868.98 164, 326, 448. 84 171,089,458.10
Specie
97, 838, 385. 00
86, 752, 093. 00
88, 624, 860.00
Legal-tender notes . .
97, 456, 832.00
84,490, 894. 00
1.3,
355,
000.
00
12,945,000.00
13, 785, 000.00
U. S. cert's of deposit
14,890, 000. 00
9,045, 000. 00
6, 565, 205. 97
6,405,058.18
6, 800,148. 44
5 % fund with Treas.
6, 457, 820. 66
6,276, 659. 40
1, 001, 71)5.11
976, 737.81
1,066, 950. »7
Due from U. S. Treas.
1,161,617.26
1, 239, 867.01
Total
2, 837, 406, 213.93 2, 904, 922, 517 45 2, 937, 976, 370.24 2, 998, 290, 645. 91 2, 933, 676, 687. 23
REPORT OF THE COMPTROLLER OF THE CURRENCY.
273
BANKS FROM OCTOBER, 1863, TO OCTOBER, 1891—Continued,
MAY
Liabilities.
2,909 banks.
Capital stock
..
Surplu s fund
Undivided profits...
N at'1 bank circulat'n
State bank circulat'n
AUGUST 1.
13.
2,955 banks.
3.014 b a n k s .
OCTOBER 5.
[ DECEMBER 7.
| 3,049 banks.
i
I 3,070 banks.
$555, 351, 765. 00 $565. 629, 068.45 $J71, 648, 811. OUj $578, 462, 765. 00 $580, 733, 094. 42
Dividends unpaid...
Individual deposits. 1,
IT. S. deposits
..
Dep'sU. S.dis.offic'rs
164, 337,132.72
67, 248, 949.16
167, 411, 521.03
70,153, 368.11
172, 348, 398. 99
62, 294, 634. 02
173, 913, 440.97)
71, 451,167. C
175, 246, 408. 26
79, 899, 218. 06
186, 231, 498. 00
106,100.00
176, 771, 539.00
98, 716.00
166, 625, 658. 00
98, 697. 00
167, 283. 343. 00
98, 699. 00
164, 904, 094. 00
98, 676. 50
1,441,628.17
1,977, 314. 40
2,239,929.46
2,495,127. 83
1,343,963.98
224, 925, 698. 26 1,., 266, 570, 537.67 1, 285, 076, 978. 58 1, 249,477,126. 95 1, 235, 757, 941.59
15, 233, 909. 94
17,556,485.93
19,186,712.77
20, 392, 284. 03 j 38,416,276.87
4, 277,187. 61
3,779,735.14
4,074,903.62
4,831,666.14!
4,515,024.05
Due to national ba'ks
249, 337,482.40
244, 575, 545.12
235, 966, 622.46
227,491, 984.15
223, 088,927.85
Due to State banks.
103, 012, 552.48
102, 089, 438.63
103, 603, 598.14
102,094,625.68
98, 809, 344.66
Notes re-discounted.
Bills payable
7, 556, 837.10
2, 082, 374.21
10,132, 799. 64
2, 567, 953.30
11,125, 2-36. 08
2, 985, 987. 60
17, 312, 806. 39
4, 888, 439.43
16,268, 247. 74
5,105,112.57
Total
2, 581,143,115.05 2, 629, 314, 022.42 2, 637, 276,167. 72 2, 620,193, 475. 59 2, 624,186,330.55
I 88
Liabilities.
Capital stock,
Surplus fund..
Undivided profits...
§•
FEBRUARY 14.
APRIL 30.
JUNE 30.
OCTOBER 4.
DECEMBER 12.
3,077 b a n k s .
3,098 b a n k s .
3,120 banks.
3,140 banks.
3,150 banks.
$582,194, 263. 75 $585, 449, 487. 75 $588, 384, 018.25 $592, 621, 656. 04 $593,848,247.29
179,533, 475. 38 180, 053, 507. 27
66, 606, 930. 87
78,196, 768. 9J
183,106, 435. 70
70, 296,173. 67
185, 520, 564. 68
77, 434, 426. 23
187, 292, 469.97
88, 302, 639.01
Nat'l bank circulat'n
State bank circulat'n
159,750, 193.50
98, 652. 50
158, 897, 572. 00
94, 878. 50
155, 313, 353.50
82, 372. 50
151, 702, 809. 50
82, 354. 50
143, 549, 296. 50
82, 354.50
Dividends unpaid...
1, 534, 314. 51
1, 766, 496.41
7,381,894.42
2, 378,275. 70
1, 267,920.19
Individual deposits. 1,251, 957, 844.42 1,309,731,015.16 1, 292, 342,471. 28 1,350,320,861.111,, 331, 265, 617.08
55, 193, 899.19
54, 691, 454.69
54, 679, 643.93
52,140, 562. 97 46, 707, 010. 38
U. S. deposits
4, 255, 3G2. 02
4, 789, 093. 63
3, 690, 652. 65
3, 993, 900. 51 . 4,415,608.41
Dep's U.S.dis.offic'rs 241, 038, 499. 93 237, 056, 940. 91
Due to national ba'ks
Due to State banks.
Notes re-discounted.
Bills payable
Total . .
248, 248, 440. 03
260, 697, 968. 60
252, 291,134.80
105, 539,405.53
104, 502, 668. 21
109,871,372.41
114,936, 397.15
108,001,606.46
12, 866, 722.85
3, 796, 739. 99
12, 724, 238. 71
4, 469, 076. 04
13, 096,119. 55
4, 955, 068. 27
17, 305, 750. 61
6, 615, 813. 47
14, 844, 303.00
5, 707,581.41
2. 664, 366, 304.44 2. 732, 423,198.19 2, 731,448, 016.16 2, 815, 751, 341. 07|2, 777,$75,799.00
18
Liabilities.
Capital steck.
Surplus fund
Undivided profits...
Nat'l bank circulat'n
State bank circulat'n
Dividends unpaid...
89.
FEBRUARY 26.
MAY 1 3 .
JULY 12.
SEPTEMBER 30.
DECEMBER 11.
3,170 banks.
3,206 b a n k s .
3,239 banks.
3.290 banks.
3, 326 banks.
$596, 569, 330. 70 $599,472, 742. 88 $605,851,640.50 $612, 584, 095. 00 $617, 840,164.67
192,458, 759. 90 193, 746,169.52 196, 911,605. 90
76, 901, 041.65
63, 956,827. 81 72, 532, 956. 94
197, 394, 760. 55
84,866,869.13
198, 508, 794 14
97, 050, 091. 86
131,128,137. 00 128, 867, 425. 00
81, 899.50
81, 008. 50
128,450, 680.00
80, 410. 50
126,039,541.30
81, 006.50
3, 600, 054.96
1, 289, 651.13
137, 216,136.50
82,347. 50
1, 338, 706. 37
2, 007, 667. 72
3,517, 596.07
1, 442,137, 979. 08 1, 475,
>, 467,
Individual deposits . 1,354,973, 535.801,L, 422, 042,136. 92
42,965,811.22 43, 247, 864.17 41, 588,
43, 554, 480.27
U. S. deposits
4,136,
285.33
4,
936,
4,544,
501.
55
3,451,189.34
Dep's U.S.dis.offic'rs
Due to national ba'ks
Due to State banks .
289, 753.579.16
127, 751,135.48
Notes re-discounted.
Bills payable
9,249, 531.33
3,013,127.72
Total
560. 37 1,436,402,
1
685. 65
613. 71
39, 224, 588.51
644. 66
4,672,950*. 14
286, 204, 670. 64 295, 841,107.17 293, 015,192. 86 267,159, 449. 09
124, 755, 971.73 131,383, 466. 80 132, 327, 094. 47 123, 713,409.48
10, 340, 502. 04 10,133,196.24
4, 083, 695.14 4,019,334.53
16, 782,511.36
7,196,238.34
15, 723, 378.11
5,970,976.65
2, 837,406,213.93 2,904,922,517.45 2,937,976,370. 24 2,998,290,645.91 2,933,676,687.23
http://fraser.stlouisfed.org/
11167
18
Federal Reserve Bank of St. Louis
274
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AGGREGATE RESOURCES AND LIABILITIES OF THE NATIONAL
l§90.
MAY 17.
OCTOBER 2.
DECEMBER 19.
3,438 b a n k s .
3,540 b a n k s .
3,573 b a n k s .
Resources.
Loans and discounts 1,844,978,433. OG$11,904,167,351.00 ;l,933.509,332. 89 $1,986,058,320. 13 $1,932,393,206.08
Bonds for circulation 142, 531, 5tO. 00 143, 7iK), 900. 00 144, 024, 750. 00 139, 969, 050.00 139, 688,150.00
Bonds for deposits .. 31, 620, 000. 00 29, 893, 000. 00 29, G63, 000. 00 28, 386, 500. 00 27,858,500.00
2. 075, 600.00
5,624,350. 00
2, 297, 500. 00
5, 591, 800. 00
TJ. S. bonds on hand.
5, 870, 550. 00
Other stocks and
117, 051, 244, 07 116,469,536.45 115, 528, 951.02 116,609,301.40
bonds
Due from reserve 116, 818, 501. 23
183,206,306. 36 185, 821, 768.04 189,451, 786.49 160,220,682.79
agents
Due from national 188,064,131.93
banks
114,379,065. 00 113, 600, 039.35 112, 207, 068.35 118, 289, 612.46 111, 573,147.08
Due fro in State banks 28,800,812.21 28, 345, 930. 67 27, 311, 955. 07 28, 485, 223. 32 28,434,882.79
78, 060,490.13
75,657, 886. 82
76. 835, 316.02
Real estate, etc
72, 566, 724.91 74,211,949.99
4, 257, 598. 27
9, 099, 402. 20
13, 434, 642.44
Current expenses...
9, 038,138. 73
9,916,955. 10
14, 316, 075. 03
14, 248, 488.10
14, 568, 760.03
14, 735, 693.95 14, 450, 752. 21
Premiums paid
13, 875, 200. 34
17, 201, 819.17
15, 057, 481. 84
15,187,240.17
Cash items
15, 443, 751. 65
Clearing-house ex88, 237, 944.43 106,767,176.06
88,818,299.11
68,428,149.94
changes
112,613,788.35
Clearing-house loan
13, 395, 249. 00
certificates
Bills of other banks. 21, 318,480.00 19, 813, 670.00 21,184,428.00 18,492, 392.00 18, 832, 221. 00
793, 646.45
755, 021.82
766, 846.68
746,199.91
Fractional currency.
807,162.57
Specie
181, 546,137. 80 178,165, 494. 43 178, 604, 063.56 195,908, 858.84 190,063,006.20
82, 177,126. 00
Legal-tender notes.. 86, 551, 602.00 88, 088,992.00
92,480,469. 00
80,604,731. 00
U. S. certificates of
5,760, 000.00
8, 830, 000. 00
8,135, 000. 00
deposit
9,825,
000.00
6,155,000.00
5 per cent fund with
6,069,110.84
6, 301, 510. 51
6,191, 888.87
Treasurer
6, 305,121.98
6,123, 597. 88
Due from U.S.Treas1,093,947.04
855,119.70
867, 223.14
urer
Total
1, 001,631.02
816,923.48
3, 003, 334, 970.28 3, 010, 216, 220. 33 3, 061, 770, 825. 70 3,141, 487,494. 85 3, 046, 938,825.59
1891.
Resources.
FEBRUARY 26.
MAY 4.
JULY 9.
SEPTEMBER 25.
3,601 banks.
3,633 banks.
3,652 b a n k s .
3,677 b a n k s .
$1, 927,654,559.80 $1, 969, 846, 379. 67
Loans and discounts
140,183,450. 00
140,498, 400.00
Bonds for circulation
27, 904, 500. 00
27, 954, 500. 00
Bonds for deposits
3,466, 250. 00
3, 768, 850. 00
U. S. bonds on hand
121, 099, 034. 59
122,333, 707. C6
Other stocks and bonds
182, 645, 602. 94
180,004,721.63
Due from reserve agents
110,850, 874. 53
112,500, 098. 73
Due from national banks
27, 955, 862. 77
28,172, 653.23
Due from State banks
79,096, 556. 48
80, 874, 918. 58
Real estate, etc
8,396, 041. 93
11, 405, 934. 04
Current expenses
14, 491, 627. 05
14, 960, 592.48
Premiums paid
13, 349,234. 66
17, 602, 457. 69
Cash, items
77,828,113.56
126, 447, 384.31
Clearing-house exchanges...
Clearing-house loan certificates
610, 000.00
120, 000. 00
Bills of other banks
19, 076, 0«5. 00
20,458, 257. 00
Fractional currency
864, 742. 88
830,198.62
Specie
201,240, 362. 82
194, 939, 411.31
Legal-tender notes
89, 400, 399. 00
96, 375, 249.00
TJ. S. certificates of deposit.. 11,655, 000. 00
11, 515, 000.00
5 per cent redemption fund
with Treasurer
6,133,544.12
6,158,960. 87
Due from U. S. Treasurer
729, 226. 35
1,100,310.17
Total
3, 065, 002,152. 30
3,167,494, 901.17
$1, 963, 704, 948.07 $2,005,463, 205.93
142, 586,400. 00
150, 035, 600.00
25,150, 500.00
20, 432,500. 00
4, 963, 650. 00
4,439, 450. 00
122, 347,244. 98
125,179,07(5.40
175, 591, 085. 51
193,990, 323.44
114,471,803. 70
115,196, 682. 26
27,742, 727.64
29, 471, 898.95
81, 919,491. 00
83, 270,122.08
4, 624, 889.19
9, 879,231.42
14, 351, 727.16
14, 705, 700.70
16,073,092.99
13,272,645.10
80, 305, 873. 21
122, 039,882.10
21,418,977. 00
863,181. 74
190, 769, 537. 46
100, 399, 811. 00
18, 845, 000. 00
19, 991,167.00
867, 462. 37
183, 515, 075. 91
97,615, 608. 00
15, 720, 000.00
6,129, 840.09
1,155,473.05
6, 536, 9,31. 51
1,457, 807.85
3,113,415,253.79
3,213,080,271.02
REPORT OF THE COMPTROLLER OF THE CURRENCY. 275
BANKS FROM OCTOBER, 1863, TO OCTOBER, 189!—Continued,
I §90.
FEBRUARY 28.
Liabilities.
Capital stock . . .
3,383 banks.
Dividends unpaid..
JULY 18.
3,484 banks.
OCTOBER 2.
DECEMBER 19.
3,573 banks.
3,540 banks.
$626, 598, 200, 00 $635, 055, 276. 09 $642, 073, 676.00 $650,447, 235. 00 $657,877,225.00
Surplus fund
Undivided profits..
National-bank circulation
State bank cireulalation
MAY 17.
3,438 banks.
204, 433, 604.19
207,136,196.13
212, 614, 661. 01
213, 563, 895. 78
214,965, 633. 67
85, 753, 976. 34
94, 049, 477. 44
79, 854, 737. 58
97, 00S, 635.74
111, 772,985.42
123, 862, 282. 00
125, 791, 940. 00
126, 323, 880.00
122, 928, 084.50
123, 038, 785.50
81, 003. 50
77, 352. 50
77, 335. 50
77,333.50
1, 612, 499. 50
1, 766, 523.94
2, 844, 708. 73
2, 876, 836. 34
77, 328. 50
1,167,262.71
Individual deposits 1, 479, 986, 027.48 1, 480,474, 472.32 1,521,745,665.2313 :,1 564, 845,174. 671 , 485, 095, 855.70
TJ. S. deposits
Deposits U. S.disb'g
officers
28,194,911.44
27, 047, 519.80
4, 277, 638.17
3,672, 054. 34
3, 552,392. 28
4, 229, 511. 42
4, 456, 472.43
Due to nat'l banks.
297, 098, 933.41
281, 994, 358.12
288, 296, 836. 21
285, 081, 259. 25
253, 082,126. 32
Due to State banks.
Notgs and bills rediscounted
137, 067, 285. 29
132, 465, 337.41
135,305,641.11
141, 350, 726. 21
121,438, 255. 50
10,371,343.29
13,419, 992.95
15, 027,632. 53
23, 660,329.51
25, 598,405.72
Bills pay able
Clearing-house loan
certificates
3, 997, 265. 67
7,265, 719. 29
7, 028, 049.14
10, 301, 913. 54
11, 501, 225. 76
Total
27,025, 610. 38
25,118, 559.39
24, 922, 263. 36
11, 945, 000. 00
3, 003, 334, 970. 28 3, 010, 216, 220. 33(3,061, 770, 825. 70 3,141, 487, 494. 85 3, 046,938, 825. 59
1891.
FEBRUARY 26.
Liabilities.
Capital stock
Surplus fund
Undivided profits
National-bank circulation..
State- bank circulation
Dividends unpaid
Individual deposits
IT. S. deposits
Deposits U. S. disbursing
officers
Due to national banks
Due to State banks
Notes and bills rediscotmted
Bills payable
Clearing-bouse loan certificates
Total
MAY 4.
JULY 9.
SEPTEMBER 25.
3,601 banks.
3,633 banks.
3,652 banks.
$662, 518,459.15
$667,787,406.15
$672, 903,597.45
$677, 426, 870. 25
220, 515, 678. 70
95,972, 506. 90
222,491, 983. 46
101,502,654.66
227,199,041.46
87,448, 472.14
227, 576,485. 91
103,284, 673.73
123,112, 529. 00
76, 700. 50
123,447, 633. 00
74,117. 50
123, 915, 643. 00
74,138.50
" 131,323,301.50
74,118.50
2,104,185. 98
4,645,261.20
1,575,506,099.18 1,535, 058, 568. 73
24,411, 606.10
21, 523,185. 64
1,453,735.58
1,588,318,081.37
15,700,672.40
1,338,745.25
1,483,450,033.17
24, 923, 462.24
3,677 banks.
4, 323, 333. 50
4,781, 045.75
4, 387, 991.08
4, 566, 660.33
280, 514,008. 37
142,324, 866. 94
277,560, 322. 78
142, 455, 768.77
270, 744,474. 60
137, 727, 372. 05
288, 576, 703.96
142, 018, 070.06
17, 330, 630. 55
7,456, 781. 57
16, 604, 735. 21
8, 482,342.63
19, 719,695.08
8, 067, 812.86
21, 981, 952. 56
10,778, 944.87
1,144,416.46
285,000.00
3, 065,002,152.30
3,167, 494, 901.17
3,113,415,253.79
3,213,080,271.03
A SUMMARY
OF THE
STATE AND CONDITION
OF
THE NATIONAL BANKS
ON
DECEMBER 19, 1890, FEBRUARY 26, MAY 4, JULY 9, AND
SEPTEMBER 25, 1891.
Arranged by States, Territories, and Reserve Cities.
NOTE.—The abstract of each State ia exclusive of any reserve city therein.
277
278
REPORT OF THE COMPTROLLER OF THE CURRENCY.
ABSTRACT OF REPORTS SINCE OCTOBER 2, 1890,
MAINE.
DBGBMBER 19.
FEBKUARY 26.
MAT 4.
JULY 9.
SEPTEMBER 25.
78 b a n k s .
78 b a n k s .
78 ban kg.
Resources.
78 b a n k s .
78 banks.
Loans and discounts. $22,487, 407.41 $21,688,918.02
3, 997, 500. 00
Bondsfor circulation.
4, 030, 500. 00
170,000.00
Bonds for deposits . .
170, 000.00
6, 000. 00
U. S. bonds on hand..
6, 000. 00
1,009,115.95
Other stocks and b'ds
956, 544.65.
2, 034,456. 42
Due from res've ag'ts
2,241,721.71
5(56, 044. 71
Due from nat'l banks
662, 523. 07
61,973.01
Due from State banks
73, 570. 78
577,346. 28
Banking house, etc - .
572,204.42
23,198.96
Real estate, etc
22, 573.96
48, 344.78
Current expenses . . .
86, 049.34
130,760. 68
Premiums paid
135, 999.45
192,64S1.12
Cash items
...-•-.
231, 917.18
75,477.41
Clear'g-house exch' gs
94, 642.20
232,215. 00
Bills of other banks..
273, 504. 00
5,913.07
Fractional currency.
4, 702. 95
834,975. 77
Specie
797, 868. 52
249,433. 00
Legal-tender notes . .
320, 770. 00
TX. S. cert's of deposit
5% fund with Treas.
176, 759.50
175,177.00
Due fromTT.S.Treas.
4,500. 50
8,660. 50
Total
33,349, 759.64
32,088,158.68
$21,625,544.20
3, 977,500.00
170, 000. 00
6, 000.00
1, 008,784. 56
1, 808, 658. 08
604,553.62
55, 738. 14
578,384. 01
22. 573.96
203, 873. 50
135, 323.78
245, 030. 34
86, 913.93
253,828. 00
5,175.58
836,109.17
243,131.00
$21,765,103.32 $21, 887,215.13
3, 977, 500. 00
3, 805,150. 00
190, 000.00
190, 000. 00
6, 000. 00
1,167, 497.08
1,301,695.78
2, 370, 711. 68
2, 399, 689.08
611, 997.04
611, 428.85
68,124.62
51, 721. 99
579, 229. 5 1 '
586,385. 38
41, 073. 96
35, 723. 96
17, 902. 98
56, 451.29
134,171. 41
143, 885. 84
297, 214. 91
250, 082.57
72, 542. 54
70, 687.09
315, 795.00
279, 912. 00
5,417.98
5,909.31
856, 620.96
903, 641. 34
273, 620. 00
279, 210.00
171, 397.50
17, 771.00
168,187.50
7, 219. 50
162,981.75
5, 270.00
32,056,290.37
32,925,929.99
33,027, Oil. 36
NEW HAMPSHIRE,
51 b a n k s .
Loans and discounts. $11, 880, 383.07
2, 913, 250.00
Bonds forcirculation.
350, 000.00
Bonds for deposits...
600.00
TT. S. bonds on hand..
1, 786, 203. 70
Other stocks and b'ds
1, 368, 336. 58
Due from res've ag'ts
214, 227.29
Due from nat'l banks.
64, 260. 53
Due from State banks
232,135. 85
Banking house, e t c . .
7,497.96
Keal estate, etc
56,748.21
Current expenses . . .
166, 556.25
Premiums paid
137, 835.28
Cash items
C lear' g-ho use exch' gb
Bills of other banks..
211,486.00
Fractional currency.
7, 381. 47
Specie
436, 057. 65
Legal-tender notes. - .
168, 733.00
TT. S. cert's of deposit.
5% fund with Treas.
i25, 046. 25
Due from U. S.Treas.
2, 550. 00
Total
20,129,289.09
52 b a n k s .
52 banks.
52 b a n k s .
52 b a n k s .
$11,470,413.09
2, 925,750. 00
350, 000.00
100.00
1,825,340.94
1,044,102.87
215, 927.28
35,130.47
235, 591. 60
6,432. 72
37, 546. 57
140, 515. 00
131, 654. 72
$11,457,201.47
2, 925,750. 00
350, 000.00
100. 00
1, 833, 348.38
1,602, 317.80
219, 742.12
36, 325. 00
240, 722. 24
10, 544. 92
47, 834. 52
151,015.00
156,825. 03
$11, 573,311.40
2, 925, 750.00
350, 000. 00
100.00
1,838,175. 07
1, 604, 485.02
280, 359.80
39, 611.91
239,716.13
6,437.92
30, 244.55
144, 715. 00
145,429.41
$11, 739,723.97
2,912,000. 00
300, 000. 00
100.00
1, 891, 894.97
1, 767,393.37
263, 875. 45
41,145. 58
243, 266.13
7, 950.67
51, 701.36
138,100.00
125,162.71
177,180. 00
7, 446.57
421, 683.50
149,067.00
192, 917.00
6, 627. 67
437, 610.64
190,120.00
305,499. 00
7,015.25
462, 224.12
190,162.00
210,
7,
472,
186,
131, 096. 25
3, 040.00
131,008. 75
1, 690.00
129,118.75
6,430.00
127,290.75
5,540.00
19,308,018.58
19,991,700.54
20,278,785.33
20,492, 595.53
684. 00
624. 66
319.91
822. 00
V BRMONT.
51 b a n k s .
Loans and discounts- $14,211,160.03
2, 843, 000. 00
Bonds for circulation
229, 500. 00
Bonds for deposits. -•*
22, 300. 00
XJ. S. bonds on hand..
699, 614.15
Other stocks and b'ds
1, 111, 069.83
Due from res've ag'ts
176,922.36
Due from nat'l banks
36,532.40
Due from State banks
198, 629. 26
Banking house, etc . .
59, 309. 03
Real estate, etc
72, 991.04
Current expenses - . .
103, 952.87
Premiums paid. 72,840. 43
Cash items
Clear'g-house exch'gs
Bills of othor banks..
89,147.00
Fractional currency.
4,951.93
Specie
416, 329.09
Legal-tender notes . .
223,141.00
TJ. S. cert'sof deposit.
5%fundwithTre»s.
103,335.00
Due from XJ. S. Treas.
Total
20,674,725.42
50 b a n k s .
50 banks.
50 b a n k s .
$13, 871,226. 62
2,810, 500.00
229, 500.00
22, 300. 00
674, 576. 65
1,182,546. 28
169, 558. 91
26, 964.04
197, 829.26
58, 996. 38
21, 737. 92
103,005. 25
61, 796. 76
$13, 908,486.21
2,802, 500.00
229, 500. 00
42,900.00
686, 676. 53
1,228, 599. 37
170, 660. 57
37,410.41
197, 829. 26
58, 846.80
55,310. 03
109,257. 75
82,786. 57
$13, 971, 667.24
2,840,000.00
229, 500. 00
18,100.00
664, 772.18
1,454, 057.35
257, 596. 04
28,912.25
194, 579.26
56, 779.01
12,280.73
102, 829.62
97,625.95
$14,101,935.92
2, 942, 500. 00
179, 500. 00
16,150. 00
690, 050. 59
1,464, 070.30
188, 703.32
57,254.87
200, 930.42
62,196. 04
32, 260. 53
119, 655. 39
92,422.94
729.00
828. 30
589. 86
519.00
95, 268. 00
6, 384.55
428, 020.23
218, 649.00
100,504.00
6,082.48
461,574.28
318, 583.00
100,239. 00
5, 878. 79
476, 810. 88
212, 624.00
116, 882. 50
409.40
112, 732.50
108,435.00
770.00
118,530.50
1,000.00
20,302,496.13
20,471, 817. 78
20, 924, 648. 39
21,062,713.49
83,
5,
442,
222,
50 banks.
REPORT OF THE COMPTROLLER OF THE CURRENCY, 279
ARRANGED BY STATES AN1> RESERVE CITIES.
MAINE.
DECEMBER 19.
Liabilities.
Capital stock
FEBRUARY 26.
78 banks.
78 banks.
$10, 910, 700. 00 $10, 935, 000.00
MAY 4.
JULY 9.
78 banks.
$10, 935, 000.00
78 banks.
$10, 935,000.00
SEPTEMBER 25.
78 banks.
$10, 935, 000.00
Surplus fund
Undivided profits
2,721,150. 00
1,899,590.74
2, 748, 775. 00
1, 684, 915. 71
2, 757,175.00
1,726,760.83
2, 725, 200. 00
1,480, 453.39
2, 708, 020.00
1,644, 947. 54
Nat'1-bank circulation
State-bank circulation
3, 570, 288.00
3, 526, 343. 00
3, 533, 333. 00
3, 543, 683. 00
3,371, 008.00
44, 273. 93
48, 022.61
63, 848.74
139, 525.28
45,162. 90
Individual deposits .U.S. deposits
Dep'tsU.S.dis.officers
11, 863,139. 01
83,178. 70
98, 304. 95
11,444,053.78
80, 258. 89
89, 215. 40
11,284,206.12
73,189. 74
93, 654.10
12,175,582.11
97,771.11
77, 460. 29
12, 535, 720. 30
71, 938.64
107,707.62
Due to national banks*
Due to State banks...
724,669.31
143,311.41
497,175.85
310, 886.83
479, 053. 89
248,532. 89
664,214.33
162, 602.10
588,647.15
168, 200.17
Notes rediseounted . .
Bills payable
672, 950.8 L
618, 202.78
199, 590. 52
523, 921. 09
419,161,86
442,374.20
261, 530.49
662, 907.89
153, 512.54
697,176.50
33, 349, 759. 64
32, 088,158. 68
32, 056, 290.37
32,925, 929. 99
33,027,041.36
Dividends unpaid
Total
NEW
51 banks.
HAMPSHIRE.
52 banks.
$6, 230, 000. 00
$6, 261, 050. 00
Surplus fund
Undivided profits
1, 581, 763. 68
920, 006. 58
Nat'lbank circulation
State-bank circulation
2, 580, 455. 00
6, 828. 00
Capital stock
52 banks.
52 banks.
52 banks.
$6, 271, 925.00
$6, 280, 000. 00
$6, 305, 000. 00
3,593,547.33
763, 957.97
1, 590, 649.74
823, 578. 09
1,611,912.33
688,415. 48
1, 624, 912.13
784, 022. 08
2,573, 785. 00
6, 828.00
2, 603, 665. 00
6, 828. 00
2,575,415. 00
6,828.00
2, 557, 770.00
6, 828. 00
Dividends unpaid
. 17, 917. 38
22, 668.42
35,428.42
64, 919. 46
23,191.63
Individual deposits. U. S. deposits
Bep'ts U.S.dis. officers
7, 044, 050. 66
263, 595. 03
92, 863. 71
6, 544,960. 83
282, 653.40
105,044.10
6,896, 375.77
265,723. 99
123, 695. 48
7,309, 512. 60
307, 846. 73
80, 524.69
7, 623, 281.83
197, 684. 92
115, 617.26
Due to national banks
Due to State b a n k s . . .
941,330.58
291, 547. 25
739,144. 76
284,380.89
855,808. 95
381, 509. 60
872,372. 00
374, 518.95
797,154.56
393,650.26
Notes rediscounted .Bills payable
143, 931. 22
. 15,000.00
128, 093. 04
1, 904. 84
121,512.50
15,000.00
91, 820. 29
14,700.00
63, 080. 20
402.66
20,129,289.09
19,308,018.58
19, 991, 700.54
20,278,785.33
20,492, 595.53
Total
VERMONT.
51 banks.
50 banks.
50 banks.
50 banks.
50 banks.
$7, 355, 000. 00
$7,310,000.00
$7, 210, 000. 00
$7, 210, 000. 00
$7,210,000.00
Surplus fund
Undivided profits
1,773,364.41
1,086, 532.04
1, 800,117.48
837, 003.99
1, 800,117.48
979, 836. 75
1, 800, 677.48
783,221.68
1,806, 460.00
904, 784.39
Nat'1-bank circulation
State-bank circulation
2, 527, 665. 00
2,485,250.00
2, 5Q1, 270.00
2, 501, 495.00
2, 59.1, 235. 00
Capital stock
6,273.52
14, 283.33
9,123. 67
51,449.82
Individual deposits..
U. S. deposits
Dep'tsU.S.dis.offieers
7,183,686.54
200,499. 44
12, 438. 72
7,256, 663. 33
204, 558. 50
7,479. 07
7, 245, 592.17
206,943.18
5,297.08
7, 750, 528.32
178,133.60
1,718.33
7,909,221.15
89, 624. 52
9, 915.19
Due to. national banks
Due to State banks...
354, 951. 56
100, 063. 83
230,858. 35
85, 748.50
297, 738.60
131,309.45
423, 607. 50
156,462.57
306,190. 62
159, 020. 73
Notes rediscounted . .
Bills payable
73, 617.98
632.38
20, 000.00
50, 533. 58
74,055.82
10, 533.58
56,820.51
10, 533.58
55,936.92
10, 000. 00
20,674,725.42
20,302,496.13
20,471, 817. 78
20,924,648.39
21,062, 713.49
Dividends unpaid
Total
10, 324.97
280
REPORT OF THE COMPTROLLER OFTOECURRENCY.
ABSTRACT OF REPORTS SINCE OCTOBER 2, 1890, ARRANGED
MASSACHUSETTS.
Resources.
DECKMBER 19.
FEBRUARY 26.
MAY 4.
JULY 9.
SEPTEMBER 25.
204 banks.
205 bank?.
205 b a n k s .
207 banks.
207 b a n k s .
Loans and discounts. $104, 862, 603. 46 $104, 2f>:S, 452. 65
13, 821, 65i). 00
Bonds for circulation 13,761,650.00
320, 000. 00
320, 000. 00
Bonds for deposits...
20, 800. 00
75, 800. 00
U.S. bonds on hand..
5, 084, 738. 24
Other stocks and b'ds 5,14S, 3-16. 29
8,2.1,677.97
Due from res've ag'ts 8, li>(), 264 15
981,175. 02
1,32*, 723.96
Due from nat'l banks
91,302.82
105, 701.70
Due from State banks
2, 658, 478. 44
Banking house, etc .. 2,682, 149.09
247, 864. 04
245,291.32
Real estate, etc
499, 074. 70
566, 863. 79
Current expenses
657, 692. 44
662, 797. 84
Premiums paid ...*...
637, 009. 96
686, 592. 81
Cash items
70, 248. 47
62,190.11
Clear' g-house exch'gs
893, 419. 00
874,671.00
Bills of other banks..
51, 645. 00
46, 572. 43
Fractional currency.
3,512,979.25
3, 473, 669. 85
Specie
1,498,818.00
Legal-tender notes .. 1, 579, 849. 00
200, 000. 00
210, 000. 00
U.S. cert's of deposit.
607, 676. 25
606, 044. 25
5 % fund with Treas.
35, 950. 00
25, 730. 00
Due from U. S. Treas.
Total
145, 515, 511. 95
144,408,652. 85
$106,001,660.55 $105, 568, 536. 20 $105,987,738.01
13, 70S, 150. 00
14, 040, 650. 00
15, 234, 450. 00
320, 000. 00
240. 000. 00
200, 000. 00
20, 800. 00
117, 800. 00
25, 150. 00
5, 248, 490. 64
5, 308, 662. 90
5,187, 039. 08
10, 504, 836. 69
9, 845, 954. 87
9, 957, 751. 92
1, 309, 783. 56
978, 364. 34
935, 825. 37
130, 232. 33
85, 598.36
103, 113.97
2, 778,199. 77
2, 809,105. 20
2, 735, 587 93
250,
490.
78
270,
392. 56
238, 259. 26
271, 521. 86
625,199.91
273, 514. 68
722,
302.72
864,
354.34
632, 058.47
874, 018. 21
614, 979. 86
720, 202. 58
85,
J70.
69
51,
034
47
90, 880. 26
1,138, 490. 00
1, 011, 687. 00
958, 277. 00
52,
218.
34
53,
679.
62
46, 873. 50
3,807,611.50
3, 713, 632.10
3, 505, 688.67
1,
819,
857.
00
1,625,196.
00
1,510, 513.00
195, 000 00
195, 000. 00
195, 000. 00
619, 998. 75
673,489. 75
610, 206, 25
33, 640. 00
30, 440. 00
18, 490. 00
147, 839,719.26
149, 808, 819. 04
150,194, 282. 52
56 b a n k s .
56 banks.
CITY OF BOSTON.
56 b a n k s .
56 banks.
Loans and discounts. $143, 291, 952. 94 $145, 794, 323. 77
3,741,500.00
3, 741, 500. 00
Bonds for circulation
765,000. 00
765, 000. 00
Bonds for deposits. - 15,050.00
1, 200. 00
U. S. bonds on hand..
5, 389, 917. 66
Other stocks and b'ds 5,157, 100.01
Due from res've ag'ts 15, 934, 416. 49 '17,236,374.32
Due from nat'l banks 12, 989, 977. 84 11,38L,794.56
743, 933. 43
474, 339. 38
Due from State banks
2, 599, 574. 72
Banking house, etc .. 2,601,817.22
156,140.67
165, 668.67
Real estate, etc
1,119, 318. 88
728,172.09
Current expenses
435, 570. 75
438, 180. 75
Premiums paid
304,021.75
425, 270. 79
Cash items
7, 259, 729. 70
Clear' g-house exch'gs 10, 614, 795. 07
644, 282.00
904,210.00
Bills of other banks..
18,197. 56
23, 603. 81
Fractional currency
10, 451, 611. 99
11, 528, 979. 89
Specie
3, 482,543. 00
Legal-tender notes .. 4,453, 091. 00
605, 000. 00
315,000.00
U S. cert's of deposit
168, 367. 50
168, 367. 50
5% fund with Treas .
70, 000. 00
115, 712. 00
Due from U. S. Treas
Total
214, 838, 355.45
212,382,252. 26
56 bankvS.
$147, 224, 234. 62 $143, 547, 915.22 $146,730, 012. 30
3,741,500.00
3, 966, 500. 00
4,425, 000. 00
765, 000. 00
540, 000.00
315, 000. 00
42, 050. 00
53, 750. 0Q
10, 950. 00
5, 475, 781. 56
5, 372, 508. 36
5, 529, 320. 41
17, 759. 906. 23
18, 463, 132. 66
17, 559, 734. 88
12, 829, 059. 86
16, 023, 759. 05
11, 221, 891. 88
431,780.81
414,721.49
248, 330.12
2, 599, 497. 64
2, 618, 697. 55
2, 668,404.47
156, 027. 29
154, 003. 41
180,174. 01
205, 247.87
600, 918.14
709, 230.18
408, 550. 75
485,315.37
536, 888. 40
342,159. 38
332, 388 36
223, 401. 02
9,103, 764. 14
8, 796, 767. 50
11,154,596.49
720, 447. 00
953, 287. 00
1, 008.138. 00
19, 465. 50
21, 767.12
21, 325. 08
11,131, 939. 93 •
9, 856, 956. 05
8, 926, 773.30
3, 248,294. 00
4, 739, 292. 00
5, 960, 705.00
465, 000. 00
375, 000. 00
880, 000. 00
168, 367. 50
172, 867. 50
199,125. 00
53, 500. 00
128, 943.00
119, 800. 00
216, 891, 574.08
217, 618, 489.78
218,628, 800. 54
59 b a n k s .
59 b a n k s .
RHODE ISLAND.
59 banks.
Loans and discounts $36,156, 388.18
Bonds for circulation. 3, 501. 250. 00
150, 000. 00
Bonds for deposits...
30, 050. 00
U. S. bonds on hand..
Other stocks and b'ds 1, 846, 870. 20
3,196, 344. 67
Due from res've ag'ts
1, 278, 667.32
Due from nat'l banks
45, 831. m
Due from State banks
834,984.79
Banking house, etc ..
114,
261.99
Real estate, etc
123, 272 34
Current expenses
237,
970.
71
Premiums paid
121, 481. 27
Cash items
346,
909.
62
Clear'g-house exch'gs
337, 756. 00
Bills of other banks..
14,
590.
65
Fractional currency.
827, 137, 98
649,117. 00
Legal-tender notes ..
U. B. cert's of deposit.
155,921.25
5% fund with Treas.
26,472.50
Due from U. S .Treas.
49,995, 278.13
Total
59 banks.
$36, 072, 977. 28
3, 501, 250. 00
150, 000. 00
30, 050.00
1, 83:;), 255. 29
2,036,713.98
880, 107. 60
106, 478. 79
852, 735. 78
121, 742. 27
85, 207.99
230, 083. 21
116, 642. 03
298, 849. 18
270, 428. 00
17, 704. 60
864, 390. 74
586, 320. 00
59 b a n k s .
$36, 081, 779. 46 $35, 811, 145. 04 $36, 637, 918. 53
3, 501, 250. 00
3, 501, 250. 00
4,316,250.00
150, 000. 00
150, 000. 00
125, 000.00
30, 050. 00
30, 050.00
30, 050. 00
1,860, 322.12
1, 897, 804. 82
2, 033, 597. 87
2, 337, 098.33
3,171, 388. 08
2, 698 673. 30
887, 862. 32
981, 129.14
1, 002, 319.16
121, 959. 90
79, 228. 53
82, 233. 82
878, 047.09
906, 144. 53
889, 962. 44
149, 488. 68
147, 337. 28
150, 606. 37
58, 250.66
104, 829. 93
102, 737.45
275, 835. 09
258,410.09
412, 960. 09
186, 823. 38
170,807.57
186, 820. 65
356, 272. 91
303, 254. 65
274, 322.31
319, 590. 00
379, 585. 00
302, 756.00
16, 039. 64
17, 194. 69
16, 782. 36
848 15V 26
988, 595. 48
942, 557.18
593,951.00
552, 9SJ8. 00
584,621.00
157,011.25
35, 922. 50
153,531.25
14, 282.50
148, 431.25
24, 542. 50
48, 253,870. 49
48, 809, 912.91
49,618, 588.17
184, 818. 25
31, 682.50
51,022,851.37
EEPOBT OF THE COMPTROLLER OF THE CURRENCY.
BY STATES AND RESERVE CITHS
281
CoiithnuiL
MASSACHUSETTS.
Liabilities.
Capital stock
DECEMBER 19.
FEBRUARY 26.
MAY 4.
JULY 9.
204 banks.
205 b a n k s .
205 b a n k s .
207 b a n k s .
$45, 167, 500. 00 $45, 217, 500. 00
$45, 217, 500. 00 $45, 367, 500.00
SEPTEMBER 25.
207 b a n k s .
$45, 485, 275. 00
Surplus fund
Undivided profits
15,031, 138.05
6, 245, 212.34
15,077,586.59
6, 437, 198. 93
15, 240, 830. 59
5, 299, 802. 06
15,318, 630. 59
5, 603, 233. 25
15, 352, 683. 01
6, 578, 290. 96
!Nat'l-bank circulation
State-bank circulation
12, 264, (194. 50
12,263,405.50
12, 205,179. 00
12, 304, 939.50
13, 519, 404. 50
Dividends unpaid
94,891.45
87, 617. 37
180,708.48
240, 604. 82
155, 055.60
Individual deposits...
U. S. deposits
Dep'ts U.S.dis. officers
61, 409, 757. 84
340, 103.84
6, 160. 28
61,342,981.87
340, 389. 67
6, 006. 64
65, 783, 826. 70
340, 273. 42
4, 959.04
66, 481, 668. 08
251, 708. 24
5, 094. 65
65, 342, 873. 33
185. 501. 63
9, 226.02
Due to national banks
Due to State banks ..
3,174,992.58
180, 472. 90
2,422,699.19
173, 881. 39
2,162, 690. 31
349, 824.40
2, 885, 300. 61
251, 785. 94
2, 585.396. 50
264, 328.49
Notes re-discounted..
Bills payable
1,084, 475.07
516,112.50
692, 385. 64
347, 000. 00
669,125. 26
385,000.00
753,159.19
345, 224.17
350, 222.48
366,025.00
145, 515, 511.95
144,408, 652. 85
147,839, 719. 26
149, 808,849.04
150,194,282.52
Total
CITY OF BOSTON.
Capital stock
Surplus fund
Undivided profits
Nat'1-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits.. U. S. deposits
Dep'tsU.S.dis.officers
Due to national banks
Due to State banks...
Notes re-discounted
Bills payable
Total
56 b a n k s .
56 b a n k s .
56 banks.
56 b a n k s .
$51,800,000.00
$51, 800,000.00
$51.800,000.00
$51, 800, 000. 00
$51, 800, 000.00
14, 047, 236. 26
6,204,601.43
14, 047, 236. 26
7,790, 625. 35
14, 536, 613.57
5,447, 908.17
14, 531, 613. 57
6, 526, 635. 05
14, 414, 838. 81
7, 204, 817. 98
3, 352,720.00
3,351, 610.00
3, 347,110.00
3, 535, 730.00
3, 966, 315.00
56 banks.
40, 591.97
29, 244.68
62,846.99
36,166.49
183, 019. 96
100, 085, 085. 24
703, 561. 59
79, 928. 44
94, 579, 026. 69
749,191.46
74, 685.45
98,998, 615. 79
748,148. 80
69, 564. 60
96, 253, 918. 57
457, 638. 47
106, 910. 37
98,424,317. 76
225,118. 88
88, 642. 80
26, 480, 511. 37
8, 789,119.15
28, 879, 659. 79
10, 759,172. 58
30, 683, 010. 67
10, 768,755.49
32, 857, 661. 74
11,248,215.52
30, 302, m . 85
11,905, 557.50
3, 249,000. 00
321, 800.00
429,000.00
264,000.00
114, 000.00
214,838,355.45
212, 382, 252.26
216, 891,574.08
217, 618,489.78
218,628, 800. 54
RHODE ISLAND.
59 b a n k s .
59 banks.
59 b a n k s .
59 b a n k s .
$20,184, 050. 00
$20,184, 050.00
$20,184, 050. 00
$20,184, 050.00
$20,277,050.00
Surplus fund
Undivided profits
4, 577, 835.17
2, 070, 628.41
4,605,246.40
1, 946, 803.25
4, 647, 645. 99
1, 899, 089. 86
4, 654, 268. 92
1, 640,423. 34
4, 699, 670.05
1, 970, 994.93
Nat'1-bank circulation
State-bank circulation
3,100, 847. 00
3, 090, 590. 00
3,113,615.00
3,102, 755.00
3,775,470.00
Capital stock
Dividends unpaid
59 b a n k s .
63, 423. 32
74, 079. 38
117, 429. 78
178, 089. 74
81,418.14
Individual deposits ..
U. S. deposits
Dep'tsU.S.dis.officers
16, 227, 767 48
107, 092.44
48, 617. 42
15, 279, 412. 98
89,114.82
64, 316. 56
15, 792, 098.02
91, 021. 75
54. 300.53
16,148, 729. 00
92, 823.78
62, 889. 21
17,110, 631.68
22,545. 08
99,971.57
Due to national banks
Due to State banks...
2,495, 596.88
1,105, 529.73
1, 896, 233.72
964, 023. 38
1, 798, 893.11
1, 061, 768.87
1, 967, 908. 93
1,481,650. 25
1,793, 759.93
1, 086, 339.99
Notes re-discounted..
Bills payable
13,890.28
5, 000. 00
55, 000.00
50, 000.00
105, 000.00
105,000. 00
48, 253, 870.49
48, 809, 912. 91
49, 618,588.17
51,022,851.37
Total
49, 995, 278.13
282
REPORT OF THE COMPTROLLER OF THE CURRENCY.
AlJSTUACT <>F RKPOUTS SINCK OCTOBKB 2 , 1890, ARKANGEB
Resources.
CONNECTICUT.
DECEMBER 19. FEBRUARY 26.
MAY 4.
84 banks.
84 banks.
84 banks.
JUI/Y 9.
SEPTEMBER 25.
84 banks.
84 b a n k s .
Loans and discounts $47, 529,332.95 $48, 087, 599. 75 $47, 599, 776. 26 $47, 586,133.47 $47, 879, 635. 56
5,165, 500. 00
5,142, 500.00
5, 602, 500. 00
Bonds for circulation.
5,142, 500.00
5, 776, 000.00
1, 029, 000.00
1,02a, 000. 00 . 715, 000. 00
Bonds for deposits . .
1, 025, 000. 00
437, 000. 0b
50, 200. 00
25, 200.00
IT. S. bonds on hand..
200. 00
20,300. 00
no, 2oo. oo
3,984, 602.15
Other stocks and b'ds "4,060,078.90
4,100,077.26
3,943,225. 31
4, 095, 606.02
5, 011, 484. 86
7,161,
759.58
Due from res've ag' ts.
5, 004, 773. 28
5,
677,
372. 50
5, 620, 879.43
2, 028, 586. 90
2, 974,196. 35
Due from nat'l banks.
2,389,289.00
2, 435,123. 32
1,667,123.03
414, 867. 39
378,085.
44
Due from State banks
305, 629. 66
276,831.50
173, 354.43
1, 5"73,250. 95
1,565,425.81
Banking house, etc..
1, 565. 706. 54
1, 573, 703. 23
1, 563, 790. 04
200,028. 34
200,721.91
Real estate, etc
193, 086. 59
197, 954. 05
200, 296.91
292,487.70
66, 530. 52
Current expenses
134, 857.06
155, 578. 74
242,421.62
489,067. 80
496,495.
08
Premiums paid
449, 687.73
499,
792. 08
490, 587.73
282,171.35
473,533.76
Cash items
342,175.47
315, 576. 02
403,445. 95
268,191. 83
411,015.87
Clear'g-house exch'gs
207, 217. 31
313,
367.
64
261,473.80
522,101. 00
534, 668.00
Bills of other banks..
425, 342.00
463, 248. 00
445, 392.00
19,730. 76
23,656.22
Fractional currency.
23, 078. 78
21,
721.94
20, 391. 98
2,177,354. 45
2,474,515.88
Specie
2,257, 940.25
2, 393, 067.38
2, 366, 608. 95
854,754.00
946,160. 00
Legal-tender notes ..
793, 517. 00
804, 424. 00
779,087.60
IT. S. cert's of deposit.
5 % fund with Treas.
228,207.50
234, 252. 50
259, 920.00
228,112.50
228,012.50
Due fromU. S. Treas.
32, 200. 00
26,785.00
36,140. 00
21, 985. 00
24,230.00
72,223,181.68
Total
72,499, 920.18 72, 398, 032. 65 75, 886, 652.54
73,479,981.27
261 banks.
NEW Y ORK.
265 banks.
266 banks.
265 banks.
265 banks.
Loans and discounts $101,103, 007.69 $99,407,287.06 $100,110,902.88 $100, 557,763.68 $100,637,180.99
13, 581,950.00
Bon ds for circulation. 13, 720, 950. 00 13,738, 950.00 13, 589,450.00
13, 714, 450. 00
770, 000. 00
Bonds for deposits...
770, 000.00
600, 000.00
770,000. 00
770, 000. 00
395, 650.00
TJ. S. bonds on hand..
327, 750. 00
416, 750. 00
353, 050.00
379, 050.00
7, 678, 852.21
Other stocks and b'ds 7, 591, 266. 74
7, 894, 959. 89
7, 589, 276. 82
7, 549, 512. 39
Due from res've ag'ts 10,875, 522.43 13, 370, 821. 32 11, 773, 487.31 12, 020, 517. 65 14,093,138.44
2, 811,473.15
Due from nat'lbanks.
2,639,666.42
2, 924, 271.30
2, 338, 422. 91
2, 464, 325. 91
801,330.59
Due from State banks
761,454.89
818, 843. 67
740, 062. 75
809, 935. 04
2,734,971.93
Banking house, etc..
2, 712,193. 64
2, 765, 390. 52
2,719,361.68
2,7i5, 715.22
1, 224, 593. 40
Real estate, etc
1, 234, 793. 51
1,316,636.82
1,214,412.27
1, 224, 315. 94
223, 784.16
Current expenses
700, 561.84
412,601.24
578, 073. 60
373, 715.63
780, 992. 76
Premiums paid
888, 359.11
740, 782. 48
866. 466. 05
863, 778.82
898, 873.13
Cash items
832, 895. 81
757, 070. 46
1, 087, 766. 71
794, 345. 83
134, 490. 24
Clear' g-house exch'gs
112, 773.06
120, 342. 39
247, 567. 92
152, 328. 97
956, 762. 00
Bills of other banks..
835, 558. 00
817, 031. 00
798, 769. 00
814, 754.00
45, 315. 04
Fractional currency.
44, 764. 78
45, 068. 71
49, 465. 54
52,468. 90
4,821, 345. 31
Specie
4,472, 939. 98
4, 788, 296.10
4, 643, 033. 81
4,925,442. 03
2, 760,625.00
Legal-tender notes ..
2,792, 484. 00
2, 757, 792. 00
2,424, 372. 00
2, 703, 657. 00
160, 000.00
U. S. cert's of deposit
170, 000. 00
160, 000. 00
165,000.00
165, 000. 00
596, 482.50
5 % fund with Treas.
609, 251.09
611,214.25
607, 085. 25
610, 866. 75
26,165.24
DuefromTJ. S. Treas.
17,861.74
31,170. 74
12, 429. 74
14, 315. 66
Total
153,2U, 054.73
153,900,586.47
152,678,456.24
N E W YORK
153,981, 937. 99 156, 422, 991. 00
CITY
49 b a n k s .
48 banks.
49 banks.
47 banks.
47 banks.
$280,455, 744. 59 $296, 567, 888. 82 $294,167, 018. 83 $287, 800, 571. 69 $301,886,829.32
4,460, 000. 00
4, 504, 000.00
5, 234, 000. 00
6, 854, 000.00
4, 460,000.00
3, 620, 000.00
3, 620, 000.00
2, 560,000. 00
1,600,000.00
3, 620, 000.00
30,100.00
1, 590,350. 00
1, 829.000.00
1,081,450.00
1, 388, 200.00
22,752,858.62
24, 226, 766. 59 24, 346, 701. 59 24,630, 526.83 24, 822, 660. 86
Loans and discounts.
Bonds for circulation.
Bonds for deposits...
U. S. bonds on hand..
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks. 28, 920, 268. 08
Due from State banks 4,591, 256.99
Banking house, etc.. 10,986,087.55
Real estate, etc
841,475.57
Current expenses
1,766, 946.22
Premiums paid
749,142.33
Cash items
2,591, 781. 67
Clear'g-house exch'gs 55, 030, 563.94
Bills of other banks..
1, 233,152.00
Fractional currency.
45,601.33
Specie
68,163, 783.39
Legal-tender notes .. 14, 450, 602.00
U. S. cert's of deposit
1, 055, 000. 00
5 % fund with Treas.
188, 850.00
Clearing-house cert's 6,935,000.00
Due from IT. S. Treas.
400,894.79
Total
509,869,109.07
23,188, 200. 69
3, 607,226. 22
10, 973, 052.87
826, 845. 97
529, 836. 91
1,008, 845.10
2, 091, 844.66
47, 227, 074. 09
1,454, 505. 00
59, 661. 41
69, 742,009. 50
21,954, 534.00
5, 820,000. 00
189,450.00
27,818,918,90
4,182, 493.10
11,089,228.15
1,127, 425. 84
1, 049, 701.19
1, 050, 562. 52
3,414, 365. 24
87,601,178. 58
1,320, 700.00
58, 271.79
58, 594, 294. 02
23, 394, 251.00
6P 080, 000. 00
190, 890. 00
360,103.14
193,188.62
519, 296,134. 97
555, 393, 539.37
27,866,523.47
4, 225, 547.15
11, 303,127. 74
1,153, 916.30
143, 552. 57
947, 326. 02
2,908,048.43
46, 960, 252.13
1, 640, 892.00
56,074.77
55,553,209.56
30, 471, 365. 00
12, 620. 000.00
203, 375.00
26, 722, 883. 00
4,494, 368.38
11, 304, 776. 40
1,159, 298. 81
737, 316.92
956, 350.54
2,141, 650. 67
86, 307, 888.94
1,295,128. 00
49,739.95
53,796,891.49
23, 761, 230.00
8, 225, 000.00
297,180.00
425,687.68
547, 008. 35
518, 532, 996. 34 558, 041, 651.63
REPORT OF THE COMPTROLLER OF THE CURRENCY. 283
BY STATES AND RESERVE CITIES—-Continued.
CONNECTICUT.
Liabilities.
Capital stock
Surplus fund
Undivided profits....
Nat'1-bank circulation
State-bank circulation
DECEMBER 19. FEBRUARY 20. I
84 banks.
84 banks.
84 banks.
$23,774, 37(U)0 $23, 774, 370. 00 $23,774,370.00
7,337,252.74
3, 053, 075. 29
4,613,742.00
4,317. 00
7, 397, 556.77
2, 569,103.00
4,560, 567. 00
4, 317.00
JULY 9.
84 banks.
$23, 274, 370. 00
SEPTEMBER 26.
84 banks.
$23,274,370.00
7,502, 556. 77
2,775, 581.11
7, 481, 933.58
2,247,161.49
7,490, 433.58
2, 690,192.23
4,576, 465. 00
4, 317. 00
4, 691, 820. 00
4, 317.00
5,000, 595.00
4,317. 00
25, 291.02
37,954.46
55, 823.65
138, 966. 50
42, 939.80
Individual deposits..
U. S. deposits
Dep'tsTJ.S.dis.officers
27, 816, 777. 28
1, 089,060. 86
23,218.60
28, 964, 631. 34
'l, 089, 588. 75
22,434.39
30, 210, 648.07
1, 085, 373. 58
27, 200. 05
31, 567,757. 96
765, 724. 63
9,957.41
29, 504, 439. 69
431,063.71
17, 644. 20
Due to national banks
Due to State banks...
3, 527, 766. 35
734, 736. 88
3, 237, 857.02
686, 662.01
1, 757, 961.50
511,337.60
4,698, 877. 01
886, 979. 51
4,129, 054.39
664, 955. 57
Notes rediscounted . .
Bills payable
123, 573.66
100,000. 00
124, 878. 44
30, 000. 00
91, 398. 32
25, 000. 00
73, 787.45
45, 000. 00
104, 976.10
125, 000.00
72,499,920.18
72,398,032.65
75,886,652.54
73,479,981.27
Dividends unpaid
Total
72,223,181.
NE W YORK.
261 banks.
Capital stock
266 banks.
265 banks.
$33,034, 060. 00 $33, 220, 530.00 $32,980, 630.00
265 banks.
265 banks.
$32, 984, 060. 00
$32, 984, 060. 00
Surplus fund
Undivided profits
10, 014, 620. 89
8, 566,113. 29
10,136, 702.63
7, 342, 976.26
9, 983, 871.20
7, 962, 865. 34
10,106, 354. 62
7,134, 231. 70
10,115, 974.28
7,737,557.13
Nat'1-bank circulation
State-bank circulation
12,223, 517.00
22, 334. 00
12,142,157.00
22, 334.00
12,109, 087. 00
22, 334.00
11, 988,592. 00
22, 334. 00
12,150, 802. 50
22, 334.00
42,994. 20
65,758.97
68,197. 54
170, 904. 30
52, 663. 30
Individual deposits . .
U. S. deposits
Dep'ts U. S.dis.officers
81, 356, 674. 83
734, 382. 21
93, 063. 26
84, 204,573.81
750, 814.99
81,362.74
83, 738,494. 91
698, 621.13
128, 994.93
83,746,471.55
569, 558.82
195, 252. 44
85,574,515.06
467,801.75
121, 632.97
Due to national banks
Due to State banks...
4,282, 362.82
1, 373,184.84
3,757, 346.11
1, 317,429.66
2, 709, 074. 47
1, 280,204.75
4,493, 675. 00
1, 353, 567.08
4, 714, 064.40
1, 335, 818.1%
Notes rediscounted . .
Bills payable
1,284, 889. 27
185, 858.12
792,283.12
66,317.18
944,817.68
51,263. 29
1,161,284.37
55,652.11
1,116,830.70
28,646.81
153,214,054.73
153,900.586.47
152,678,456.24
153,981,937.99
156,422,99L 00
Dividends unpaid
Total
NEW YORK CITY
Capital stock
Surplus fund
Undivided profits
Nat'1-bank circulation
State-bank circulation
47 banks.
$49,800,000.00
49 banks.
48 banks.
47 banks.
$49, 800,000.00 $49,700,000.00
$50,780,000.00
$50,861,970.00
49 banks.
36, 993, 886.38
16, 624, 619.04
37, 375, 235.55
15,028,794.25
37,525,235.55
16,283,043.28
38, 016,865.51
14, 872,326.10
38,052,489.92
16, 667, 301.36
3,663,040.00
24,328. 00
3, 576,280. 00
24, 328. 00
3, 596, 830.00
24, 328.00
3,824, 880. 00
24,328.00
5,803,910.00
24, 328. 00
105,944.66
134,518.61
Dividends unpaid
233,117.76
435,068.08
136,266.25
Individual deposits.. 240,447,877.66 234, 539,980.21 272, 763,497.14
3, 496, 964.99
U. S. deposits
3,544,161.54
3, 539, 831.15
354, 505. 35
Deptf B U.S.dis.oflicers
245,355.46
248,585.68
240,613,137.33
2, 358, 771. 54
232,808. 56
274,462,554.99
1,323,296.35
216, 286.76
Due to national banks 109,531,867.27
Due to State banks... 43,226,076.02
117, 517, 959. 54
49,821, 851.68
124,203,317.68
46, 239, 930.32
Notes rediscounted . .
Bills payable
Clearing-house cert's.
Total
124,763, 517. 66 124,052,961.67
50,265,063.86 47,425,008.97
35,000.00
50, 000. 00
5,600,000.00
609,869,109.07
H», 296,184.97 555,393,539.87
518,532,996.34
558,041,651.63
284
REPORT OF TilK rOMPTROLLEU OF THE CURRENCY.
Al'.SlHAC'T <>F .REPORTS 8LXCK OCTOBER 2 , 1 8 9 0 , ARRANGED
C 1 T "Y O F A L, B A N X.
Resources.
DECEMBER IS).
6 banks.
Loans and discounts. $8,911,40(5.61
300, 000. 00
Bonds for circulation.
200, 000. 00
Bonds for deposits...
U. S. bonds on hand..
351,'484." i'2"
Other stocks and b'ds
Due from res've ag'ts.
1,6C9,4:24.42
Due from n at'l banks.
995, 583. 05
Due from State banks
110, 8S7. 02
Banking house, etc,..
298, 000. 00
Real estate, etc
28, 451. 82
Current expenses
35, 688.13
Premiums paid
* 61,949.23
Cash items
93, 047.10
Clear'g-house exch'gs
63, 644.00
Bills of other banks..
1, 354. 64
Fractional currency.
671, 053. 00
Specie
304, 684. 00
Legal-tender notes . .
50, 000. 00
U. S. cert's of deposit.
13, 500.00
5 % fund with Treas.
Du e from U. S. Treas.
Total
14,100,217.17
FEHRUARY 26.
MAY 4.
JULY 9.
6 banks.
n banks.
6 banks.
6 banks.
$8, 872, 524. 96
300. 000. 00
200, 000. 00
$9, 509, 058. 58
300,000.00
200, 000. 00
$9,899,513.59
300, 000. 00
200, 000. 00
274,610.17
1, 302, 440. 07
927, 458. 46
73,925.16
298, 000. 00
25, 600. 13
32.:>,'7<i6.'i7"
1, 952, 701. 37
1, 226,168.36
222, 827.51
298, 000. 00
25,493.87
341,361." 69"
1, 657, 293. 74
1,088,137.96
114,637. 78
298, 000. 00
25,4.58. 45
$9,497,814.10
400, 000.00
50,000. 00
100,000.00
342,149.50
1,815,440.51
1, 000, 667. 24
95, 896.55
298, 000. 00
25, 352.19
35,188.13
67,004.10
85,011.84
58,141.00
1, 656.17
781, 826. 50
320, 660. 00
70, 000. 00
13, 500. 00
1,000.00
35,188.13
182, 836. 72
201,845.60
59, 685. 00
1,284.86
786, 728. 50
337, 400. 00
80, 000. 00
13, 500.00
2, 000.00
35,188.13
64, 481. 32
127, 986.15
67, 857.00
1,106.96
550, 030. 60
361, 631.00
115, 000.00
13, 500, 00
1, 000. 00
35,188.13
96, 638. 93
83,194. 85
76, 892.00
1, 270.97
852, 291. 50
412,495.00
100, 000. 00
18, 000.00
13, 708, 546. 69
15, 760, 464.67
15, 261,583. 77
15,300,691.47
8EPTEMBEB 25.
CITY OP BROOKLYN.
5 banks.
5 banks.
$8, 798, 01(5. 33
743, 000. 00
100, 000.00
$9,164, 691. 08
743, 000. 00
100, 000. 00
$9,311,572.59
743,000.00
100, 000.00
1,778, 948. 88
1, 889, 928. 00
48, 594. 05
39, 819. 39
177, 356.21
24, 950.19
83, 529. 44
32, 952. 53
79, 467. 92
929, 923. 60
119, 304. 00
11, 206.49
728, 635. 82
623, 669.00
1, 872, 435.13
1, 508, 875. 27
54, 891.81
33, 390. 00
16, 242, 691.85
5 banks.
Loans and discounts.
Bonds for circulation.
Bonds for deposits...
XJ S bonds on hand
Other stocks and b'ds
Due from res1 ve ag'ts.
Due from nat'l banks.
Due from State banks
Banking house, etc . .
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks.
Fractional currency.
•Specie
Legal-tender notes...
XJ. S. cert's of deposit
5% fund with Treas.
Due fromU. S. Treas.
Total
5 banks.
$9,115, 062. 76
743,000. 00
100, 000.00
5 banks.
$8, 613, 619.42
542, 000. 00
100,000.00
1, 828,142. 73
1,371, 169.00
32, 042. 69
42, 713. 03
176,656.21
25, 728. 68
47, 674. 79
32, 402. 53
49, 866. 24
942, 836. 90
166, 809. 00
9, 776. 07
714, 588. 34
580, 869. 00
1,832, 690.93
1, 785,523. 74
74,051.10
42,739.94
176,656. 21
25, 757.68
3,448. 72
31, 852. 53
72, 709. 97
681,694.83
191, 388. 00
7, 945. 28
875,142. 25
871, 034.00
1,918,463. 69
1, 262, 812.60
53,197.13
33,390.00
34, 890. 00
33,390. 00
23, 890. 00
17, 310.00
15,978,518.09
16, 210, 737.80
16,664,087.94
45,011.97
17(5, 65(5. 21
25, 728. 68
30, 271. 69
32, 402. 53
58, 097.04
478, 056. 48
145, 519. 00
5, 551. 24
832, 870. 96
671, 069. 00
41, 691.12
176, 656.21
20,157. 68
37, 312.65
40, 352.53
66, 758. 31
713, 596. 33
188, 345. 00
8, 224. 72
835, 997. 03
765, 966. 00
15,426, 350.42
N E W JERSEY.
95 banks.
95 b a n k s .
95 b a n k s .
95 banks.
96 b a n k s .
Loans and discounts $49, 091, 879.12 $47, 235, 388. 05 $48,795, 498. 28 $48,245,696.68 $49,174, 074. 69
4,231,500.00
4, 231, 500. 00
4, 244, 000. 00
4,219,000.00
4, 226, 000.00
Bonds for circulation
350, 000. 00
350, 000 00
350, 000. 00
350, 000. 00
300, 000.00
Bonds for deposits . .
7, 800. 00
12, 550. 00
1, 100. 00
1,100.00
1,200. 00
XJ. S. bonds on hand..
5,891,103.60
6, 548, 207. 53
6, 028, 155. 58
5, 487, 639. 88
5,757, 726. 88
Other stocks and b'ds
6, 739, 943. 89
7,030, 097. 37
7, 053, 217. 87
Due from res'veag'ts.
7, 484, 808. 76
6, 852, 680.15
2,018, 309.22
1, 785, 867. 62
2, 032, 228. 47
Due from nat'l banks
2,331,245.56
1, 944, 522. 80
421,101.11
305,419.14
390, 945. 57
Due from State banks
417, 293.29
391, 638. 06
2, 222, 448. 82
2, 349, 495.22
2, 273. 316. 77
Banking house, etc . .
2, 338, 869. 21
2,364,231.06
280, 886. 40
300. 084. 65
320, 989,13
Real estate, etc
316, 276.15
318, 207. 28
400, 639.18
201, 584. 37
300, 356. 33
Current expenses
114, 295.34
227, 223.45
443, 948. 73
429, 085. 72
424,513.84
Premiums paid
398, 941. 59
399,165. 31
960, 204. 25
750, 953.15
1, 288, 367. 6.1
Cash items
1,044, 751.49
888, 912.79
Clear'g-house exch'gs
364, 501.00
3*62, 952. 00
435,163. 00
359, 259.00
359, 013.00
Bills of other banks..
32, 205. 88
32, 077. 51
29, 621. 93
Fractional currency.
33, 559.91
34, 686.40
2, 40H, 861. 93
2, 315, 466. 63
2,215 444.86
Specie
2, 440, 654.44
2,431,017.82
2,478, 842. 00
2,411,123.00
2, 051, 930. 00
2, 267, 586. 00
2,154, 093. 00
Legal-tender notes . .
10, 000. 00
10, 000. 00
10, 000. 00
10, 000. 00
10, 000.00
XJ. h. cert's of deposit.
176, 532. 20
180,104. 78
186, 075. 00
183,122.50
180, 215.28
5 % fund with Treas
21, 227. 78
17, 628. 00
Due from XJ. S. Treas"
10,439.78
27,049. 78
9, 610.00
78,286, 735.97
76,100, 320. 24
78,961,444.42 78,358,309.58
78, 248, 041. 81
Total
REPORT OF THE COMPTROLLER OF THE CUKRENCY. 285
BY STATES AN© EESERVK CITIES—Continued.
C I T Y OF A L B A N Y .
Liabilities.
Capital stock
Surplus fund
Undivided profits
Nat'1-bank circulation
State-bank circulation
DBCEMBEK 19.
FEBRUARY 26.
MAY 4.
JULY 9.
6 banks.
6 banks.
0 biinl<8.
6 banks.
$1, 550, 000. 00
$1, 550,000. 00
$1, 550, 000. 00
$1, 550, 000. 00
$1, 550, 000.00
1, 282, 500. 00
186,159.27
1, 287, 500. 00
145,140.80
1, 287, 600. 00
177, 657, 07
1, 290, 000. 00
183, 722.26
1, 290, 000.00
199, 080. 24
267,100. 00
268, 760. 00
265, 770. 00
264,720. 00
318, 690. 00
Dividends unpaid
SEPTEMBER 25.
6 banks.
530.35
1,113.58
3, 790. 52
11, 929. 92
9, 455. 70
Individual deposits..
TJ. S. deposits
Dep'ts U. S.dis.officers
7,063, 327.94
217, 991. 80
2,008. 20
6, 988,021.59
218, 090. 20
1, 909. 80
8, 540, 343. 55
219,100. 00
1, 000. 75
8, 653, 910. 74
219,100.00
900. 00
8, 478, 894.48
49, 314. 01
685.99
Due to national banks
Due to State banks...
Notes rediscounted..
Bills payable
2, 586, 834. 94
728, 579. 52
2, 417, 439.98
752, 646.62
2, 882, 638.71
832, 664.07
2,477,160. 59
610,140. 26
2, 764, 275. 06
640,295.99
115,185.15
.100,000.00
77,924.12
14,100, 217.17
13, 708,546.69
15, 760,464.67
15, 261, 583. 77
15, 300, 691.47
Total
CITY OP B R O O K L Y N .
5 banks.
5 banks.
$1,352,000.00
$1, 352,000. 00
$1, 352, 000. 00
$1, 352, 000.00
$1, 352, 000. 00
1,805, 000. 00
551, 678.10
1, 854, 722. 90
413, 666. 89
1, 871, 722. 90
488, 002. 91
1,893, 000.00
385, 082. 28
1, 893, 000. 00
471,429. 74
665, 020. 00
1,851.00
667, 800. 00
1, 851.00
663, 880. 00
1, 851. 00
651, 500. 00
1, 851.
@FedFRASER