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ANNUAL REPORT

OF THE

COMPTROLLER OF THE CURRENCY
TO THE

FIRST SESSION OF THE FORTY-NINTH CONGRESS

OP. THE

U NITED

S TATES.

DECEMBER 1, 1885.

WASHINGTON:
GOVERNMENT PRINTING OFFICE.




1885.




TREASURY DEPARTMENT,

Document No. 760,1st ed.
Comptroller of the Currency

TABLE OF CONTENTS.

f A full index will be found at page 247 of this volume.]
REPORT.
Report submitted for consideration of Congress
National banks organized during the year, with their location by States, capital, and circulation..
National banks organized since the establishment of the system
National banks closed since the establishment of the system
National banks extended during the past year
Effect of the act of July 12,1882, as to minimum of bonds deposited
Increase of small banks
Extension of the corporate existence of national banks
Amendments in the act for the extension of corporate existence suggested
Circulation
Changes in bonds since November 1,1884
Contraction of national-bank circulation
Measures for the increase of profit on national-bank circulation suggested
Reduction of tax on circulation recommended
Safety-fund system
Circulation based on silver
Increase in silver certificates and standard dollars
Effect of the present law authorizing the coinage of the silver dollar
Bank-note issues of other conntries
Bank-note issues of England, Scotland, Ireland, Canada, English Australasian colonies, France,
Germany, Austria, Belgium, Netherlands, Denmark, Norway, Sweden, Russia, Switzerland,
Italy, Spain, Portugal, and Japan
Amount of interest-bearing funded debt and the amount held by the national banks as security
for circulating notes
Comparative statements of the national banks for eleven years
Resources and liabilities of national banks on October 1, 1885, classified as to city and country
banks
Twenty-five States having the largest national banking capital
Redemptions of national bank-notes
Nation al-bank failures
Taxation
State taxation of national banks
Loans and rates of interest
Dividends and earnings
Transactions of the New York Clearing House
Transactions of clearing-houses in other cities
Clearing-house certificates
Reserve
Denominations of paper circulation of the United States
Denom inations of notes of the Imperial Bank of Germany and the Bank of France
4 Distribution of coin and paper currency
Specie in bank and in the Treasury of the United States
Estimated amount in the country
Specie in Bank of England
Specie in Bunk of France and proportions Of gold and siTveTft*^.
Number, en pi till, and deposits of State and(a<tttfc£&]tfVi|ltPl!bd prorate bankers
Amount of United States bonds held by banks oigx^pked under States laws
State banks, trust companies, aqft
fcajjn^banks^._.......^..^.....j.^
T
Private bankers
,..,.«^^,.^«,..,..................._„„..,




3

Page.
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6
7
7
8
13
14
14
16
16
17
ID
20
20
20

21
31
34
35
36
36
38
41
4J
47
W
51
54
54
5€
58
60
62
65
66
68
68
68
70
71
73

4

CONTENTS.
APPENDIX.

Page.
Names and compensation of officers and clerks
75
Expenses of the office
..
76
Synopsis of judicial decisions
77
Banks, the corporate existence of which was extended prior to November 1, 1885
107
Banks, the charters of which expire during 1886
107
Number, capital, bonds, and circulation of national banks
108
Numbers and denominations of national-bank notes issued, redeemed, and outstanding
109
Losses to holders of notes of insolvent national banks if notes had been unsecured except by first
lien on general assets, and if issue had been permitted to various percentages of capital
110
Percentage of circulation unredeemed at the expiration of three years from date of voluntary
liquidation
114
Percentage of circulation unredeemed at the expiration of six years from date of voluntary
liquidation
115
Principal liabilities and resources on October 1,1885, by States and reserve cities, arranged in
eight principal divisions
116
Number of banks with capital over $150,000 and with capital under $150,000
120
Number of banks, with capital and minimum of bonds required, increase of circulation if authorized to par value
122
Monthly and yearly increase and decrease of »national-bank circulation
124
Average prices of United States bonds and interest realized thereon to investors, annual profit
on national-bank circulation
125
Circulation issued and legal-tender notes deposited to retire the same
126
Banks in voluntary liquidation under sections 5220 and 5221 Revised Statutes of the United States. 127
Banks in liquidation under sections 5220 and 5221 Revised Statutes of the United States, for the
purpose of organizing new associations
„
135
Banks in liquidation under section 7, act of July 12, 1882
137
Banks in liquidation under section 7, act of July 12,1882, succeeded by associations with same or
different title
138
Banks in the hands of receivers
139
Classification of the loans and discounts of national banks
144
Dividends and earnings of national banks
146
Clearings and balances of the banks in New York City, by weeks
154
Lawful money reserve of the national banks
156
Number of State banks, trust companies, savings banks, and private bankers, with average
amount of capital, deposits, and investments in United States bonds
160
Capital and deposits of State banks, private bankers, trust and loan companies, and savings
banks
168
Resources and liabilities of State banks, savings banks, and trust companies at various dates . . 174
National-bank and legal-tender notes outstanding at various dates
181
Abstract of resources and liabilities of national banks for each year from 1863 to 1885
182
Abstract of reports of the condition of the national banks during the past year
20 0
General index
247




EEPORT

THE COMPTROLLER OF THE CURRENCY.
TREASURY DEPARTMENT,
OFFICE OF COMPTROLLER OF THE CURRENCY,
Washington, December 1, 1885.
I have the honor to submit for the consideration of Congress, in compliance with section 333 of the Eevised Statutes of the United States, the
twenty-third annual report of the Comptroller of the Currency. During
the year ending November 1, 1885, one hundred and forty-five banks
have been organized, with an aggregate capital of $16,938,000; circulating notes have been issued to these new associations amounting to
$4,274,910* The following table gives the number of banks organized
in each State and Territory during the year ending November 1, 1885,
with their aggregate capital and circulation:
States and Territories.

No. of
banks.

Capital.

Bonds deposited.

Circulation
issued.

Maine
New Hampshire
Vermont
Massachusetts ..
New York
New Jersey
Pennsylvania...
Delaware
Maryland
Virginia
North Carolina .
Georgia
Florida
Mississippi
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nebraska
Oregon
Colorado
Utah
Montana
Wyoming
Dakota
Washington
California

1
1
1
1
10
2
6
1
1
1
1
2
2
1
7
2
3
2
3
7
4
10
11
3
6
1
17
14
4
2
1
2
1
11
1
2

$100, 000
50, 000
100, 000
150, 000
1, 685, 000
150, 000
800, 000
210, 000
50 000
400^ 000
125, 000
250, 000
150, 000
50, 000
500, 000
300, 000
550, 000
100, 000
250, 000
1, 550, 000
1, 050, 000
2, 508, 000
1, 865, 000
150, 000
350, 000
75, 000
965, 000
710, 000
275, 000
300, 000
200, 000
160, 00U
50, 000
560, 000
50, 000
150, 000

$25, 000
13 000
25, 000
37, 500
790, 000
65, 000
182, 500
50, 000
12, 500
50, 000
50, 000
7L,000
55, 000
12, 500
128, 000
80, 000
140, 000
25, 000
155, 000
546, 000
675, 000
312, 000
365, 500
65, 000
164, 500
19, 000
241, 300
180, 000
69, 000
62, 500
50,000
40, 000
12, 500
140, 000
12, 500
37, 500

45, 000
45, 000
18, 900
49, 500
11, 240
115,190
72, 000
126, 000
22, 490
139, 500
491, 400
607, 500
280, 780
328, 880
58,490
136, 780
17,100
217,120
148, 390
11, 250
56, 250
45, 000
36, 000
11, 250
81,420
11, 250
33,750

Total

145

16, 938, 000

4, 959, 300

4, 274, 910




$22,500
22, 500
33, 740
711,000
58, 500
164, 240
45, 000

6

REPORT OF THE COMPTROLLER OF THE CURRENCY.

These banks are located by geographical divisions, as follows: Eastern States 4 banks, with capital of $400,000; Middle States, 20, with
capital of $2,895,000; Southern States, 21, with capital of $2,425,000;
Western States, 76, with capital of $9,473,000; Pacific States, 8, with
capital of $725,000; Territories, 16, with capital of $1,020,000.
Since the establishment of the national banking system, on February
25,1863, there have been organized 3,406 national banks. Of these 432
have gone into voluntary liquidation for the purpose of winding up their
affairs; 79 have gone into voluntary liquidation for the purpose of reorganization; 64 are in liquidation by expiration of their charter, of which
number 38 have been reorganized; and 104 have been placed in the hands
of receivers for the purpose of closing up their affairs; leaving the total
number in existence 2,727, on November 1,1885, which is the largest number that has been in operation at any one time.
The corporate existence of 864 national banks expired during the year
ending November 1, 1885, of which 801 have been extended under the
act of July 12, 1882. Forty-eight have permitted their corporate existence to expire, and are in liquidation under section 7 of said act (32 of
which have been succeeded by other banks located in the same places,
and with nearly the same shareholders), and 13 have been placed in
voluntary liquidation by vote of shareholders owning two-thirds of their
stock, of which 7 were succeeded by other banks. The remaining 2
became insolvent, and were placed in the hands of receivers. The corporate existence of 14 national banks, with an aggregate capital of
$4,450,000, will expire during November and December of this year;
and the corporate existence of 18 national banks, with an aggregate
capital of $3,135,000, will expire during 1886. Four national banks,
with an aggregate capital of $600,000, have failed and been placed in
the hands of receivers during the year.
Under the provisions of the act of July 12, 1882, national banks with
a capital of from $50,000 to $150,000 may be organized upon a minimum
deposit of United States bonds equal to 25 per cent, of such capital.
The minimum deposit of bonds required by law to be made by banks
with a capital of upwards of $150,000 is $50,000. The following table
shows the number of banks organized from July 1,1882, to July 1,1885,
their capital stock, amount of bonds deposited in accordance with law,
and the circulation issued thereon:
Tear.

J u l y 1,1882, to July 1,1883..
July 1,1883, to July 1,1884..
July 1,1884, to July 1,1885..

Number
of banks.

Capital.

Minimum
bonds
required.

Bonds
actually Percentage Circulation
issued.
deposited. of excess

251 $26, 552, 300 $5,155, 500 $7,116,400
218 19, 944, 000 4,016,000
4, 676,100
142 15, 205, 000 3, 061, 250 3, 332, 800

Per cent.
28
14
8

$6, 404,760
4,208,490
2,999, 520

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



REPORT OF THE COMPTROLLER OF THE CURRENCY.

7

1885, the excess was still further diminished to 8 per cent. This shows
conclusively that the banks organized between the periods named have
not been induced to enter the system on account of the profit to be derived from the issue of circulating notes, but because it was believed by
their managers that they would have a better credit and standing with
the public under the national bank act than as State or private banks.
It is also to be noted that the reduction by the act of July 12, 1882,
of the minimum amount of bonds to be deposited by national banks of
$150,000 capital and under to one-quarter of their capital stock has
had a tendency to increase the organization of small banks throughout
the country. While the number of banks organized from July 1, 1870,
to July 1, 1882, with a capital of $150,000 and under was 232, the number of banks of this class organized from July 1, 1882, to July 1, 1885,
was 548, These small banks have in many instances been organized to
take the place of private banking firms and small State banks, particularly in the West, Northwest, and Southwest. It is believed that this
change is to the advantage of the public, as the majority of these banks
were previously carrying on a banking business without being subject
to an examination of their affairs, and without the security given by the
publication of sworn statements of their condition, to which supervision
and requirement they will be subject under the national bank act.
Under the present law, the minimum deposit of bonds required to be
made by the 2,714 national banks in operation in the United States on
October 1, 1885, would be but $80,970,423 in order to continue as national banking associations. A table has been prepared and will be
found in the Appendix, showing for the national banks in each State,
Territory, and reserve cities, the minimum amount of bonds required
by law, the bonds actually held, and the circulation issued thereon
October 1, 1885. This table also shows the increased amount of circulation which the national banks might issue in the event of the passage
of a law authorizing them to issue circulation equal to the par value ot
their bonds on deposit.
It is believed that the national banking system will be continued
even if the associations organized under it cannot issue circulation at
a profit, inasmuch as the experience under it has shown it is for the best
interests of the public, as well as of the banks, that this business should
be carried on under a general law having effect throughout all the different States. This statement is made without prejudice to banks organized
under the statutes of those States which contain provisions and restrictions similar to those of the national banking law. In many of the
States, however, the banking laws are defective, and it is evident that
the legislation upon the subject cannot be homogeneous, nor the working of the laws so harmonious and useful under statutes passed by
thirty-eight States as under one general law of Congress applicable to
all banking institutions.
EXTENSION OF THE CORPORATE EXISTENCE OF NATIONAL BANKS.

The original national currency act of February 25, 1863, provided
in section 11 that banks organized under its provisions should have
succession for a period of not exceeding twenty years from the date of
said act, as follows:
Every association formed pursuant to the provisions of this act may make and
use a common seal, and shall have succession by the name designated in its articles
of association, and for the period limited therein, not however exceeding twenty
years from the passage of this act.



8

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Under the provisions of this act 488 banks were organized, of which
88 had ceased to exist prior to January 1, 1882, leaving 400 still in operation on that date. Of these, 314 were extended under the act of
July 12,1882, 72 were succeeded by other associations with the same or
different names, 12 went out by voluntary liquidation or expiration of
corporate existence without successors, and 2 were placed in the hands
of receivers. The corporate existence of 297 of these banks expired on
February 25, 1883, and 270 were then extended 5 while 103 expired previous to that date, of which 44 were extended.
,
The national bank act of June 3, 1864, superseding that of February
25,1863, provides in section 8 that each national bank shall have succession for twenty years from the date of its organization, that is, from
the date of its organization certificate. This section was embodied in
section 5136, Kevised Statutes, now in force, which is as follows:
Upon duly making and filing articles of association and an organization certificate,
the association shall become as from the date of execution of its organization certificate a body corporate, and as such and in the name designated in the organization
certificate, it shall have power: First, to adopt and use a corporate seal; second, to
have succession for a period of twenty years from its organization, unless it is sooner
dissolved according to the provisions of its articles of association, or by the act of its
shareholders owning two-thirds of its stock, or unless its franchise becomes forfeited
by some violation of law.

Anticipating the fact that a large number of national banks would
expire by limitation during the years 1882 and 1883, the Comptroller of
the Currency, in his annual report for 1881, recommended that an act
be passed providing that any national bank might, with the approval
of the Comptroller, at any time within two years prior to the date of
expiration of its corporate existence, extend its period of succession for
twenty years by amending its articles of association.
In accordance with this recommendation, a bill was introduced soon
after the assembling of the Forty-seventh Congress, and was referred
to the Committee on Banking and Currency, and by that committee reported to the House, and after considerable discussion, passed on May
30, 2882, by a vote of 125 to 67.*
The bill was amended in the Senate in many particulars, and passed
that body June 22, 1882, by a vote of 34 to 14.t It subsequently
passed the House July 10,1882, upon a report of conference committee,
yeas 110, nays 79, not voting 101,$ and received the approval of the
President July 12, 1882.
Prior to the passage of this act the right of shareholders of national
banks whose corporate existence was about to expire, to organize under
the national bank act new associations with the same names, in order to retain as far as possible their business and the prestige of their
names, which had become known throughout the country, was in doubt,
and inasmuch as there was then no statute permitting the extension of
their corporate existence, the opinion of the Attorney-General was requested on this point, and on the 23d of February, 1882, an opinion
was given, in which he said:
1
The present national banking laws do not forbid the stockholders of an expiring
corporation from organizing a new banking association, nor from assuming the name
of the old corporation, with the approval of the Comptroller of the Currency, and in
the absence of any prohibition to that effect, no legal obstacle to the formation of a
new association by such stockholders, and the adoption of the name, of the old association, would in my opinion exist.
* Congressional Record, No. 120, p. 25, Forty-seventh Congress,
t Ibid,, No. 147, p. 32.
$IMd., July 11,1882.



EEPORT OF THE COMPTROLLER OF THE CURRENCY.

V

As there was some uncertainty in regard to the passage by Congress
of the act for the extension of the corporate existence of national banking associations, fifty banks gave notice of liquidation, and in most instances new associations were organized with the same titles and the same
stockholders as those which had been placed in liquidation. A proviso
attached to section 5 of the act of July 12,1882, requires that in the organization of any banking association, intended to replace any existing
banking association and retaining the name thereof, the holders of
stock in the expiring association shall be entitled to preference in the
allotment of the shares of the new association in proportion to the number of shares held by them respectivelv in the expiring association.
Under the act of July 12,1882, nearly all of the banks then in existence which were organized under the act of February 25,1863, extended
their corporate existence during the following months:
July, 1882
August, 1882
September, 1882
October, 1882
November, 1882
December, 1882
January, 1883
February, 1883 *
February 25, 1883

6
9
7
5
4
7
4
2
270

Total

314

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

Tears.
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899

Capital.

Circulation.

.. . .
...

.

Total

$3,135, 000
950, 000
1, 250, 000
600, 000
9. 290, 500
13,193, 900
12, 879> 600
4, 740, 000
7, 638, 000
30,665,000
1, 968. 000
2, 969, 000
2, 649, 000
4, 820, 000

$1, 848,250
925,000
719,100
450, 000
6, 419, 950
9,120, 880
8, 300, 870
3, 849, 400
5, 819,150
7, 650, 000
1, 525, 500
2,106, 000
2, 208, 600
3, 811, 900

613

..
.
.

18
5
11
3
63
104
103
39
67
81
23
28
27
41

76, 748, 000

54,754,600

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



"Before February 25, 1883.

10

EEPORT OF THE COMPTEOLLER OF THE CURRENCY.

by the vote of stockholders owning two-thirds of their stock, 15 were
permitted by their stockholders to close at the end of their periods of
succession, 4 were placed in the hands of receivers, and 39 were succeeded by other associations with different names but with the same
shareholders, wholly or in part. From November 1 to December 31,
1885, 14 banks will expire, all of which have applied in due form for
extension.
Among the banks extended during the year were 30 in the city of
New York, with an aggregate capital of $35,350,000, as well as a large
number in Boston, Philadelphia, and other principal cities, being some
of the largest banking institutions in the United States. It is also interesting to note that many of the banks extending during the past
year were originally organized under the various State laws, and the
continuation of their existence under the national banking system indicates their belief that it is for their best interests to do business under
the general banking laws of the United States.
The number, capital, and circulation of the national banks whose
periods of succession terminated between November 1, 1884, and November 1, 1885, are shown by the following table, which also indicates
the number whose corporate existence has been extended, and the number which have expired and have been succeeded by other national
banks:

Date.

1884.
November
December
1885.
January
February
March .
April...
*&y ...
June...
July ...
August
September.
October ..
Total....

Number
banks Capital.
that
have
expired,

Number
Circula- banks Capital.
that
tion.
have extended.

48 $16,695,150 $9, 635,450
110 40, 415, 240 22, 269, 290
109 27, 549, 500 16,420, 015
68 11, 576, 000 7,921,940
126 32, 336,350 17,411, 510
85 24, 941, 970 13, 082, 085
122 28, 507, 330 18, 931, 595
139 50, 094, 915 25, 418, 910
24 4, 915, 000 2, 047, 800
14 1, 951, 000 1,129, 500
12 1, 775, 000 913, 950
729, 000
7
905, 000
241, 662, 455 130, 911, 045

Number
banks
Circula- succeed- Capital. Circulation.
tion.
ed by
other
banks.

* 46$16,195,150 $9, 545,450
106 38, 515, 240 22, 099, 640
94
66
316
79
116
131
21
10

25, 054, 500 14, 467,365
11, 226,000 7, 815,740
30, 946, 350 16, 507, 010
21, 266, 970 12, 704, 085
27, 807, 340 18,496, 845
47, 669, 915 19, 877, 560
4, 265, 000 1, 522, 800
1, 516, 000 891, 000
1,125, 000
711, 450
729, 000
905, 000

801 226,492, 465 125, 367, 945

$200, 000 $45, 000
1, 850, 000 157, 500
2,145, 000 1, 637, 650
855, 000
275, 000
300, 000
300, 000
650, 000
375, 000
650, 000

567, 000
153, 000
202, 500
176, 850
525, 000
184, 500
202, 500

39 7, 600, 000 3, 851, 500

It will be seen from the foregoing statements that a larger number of
national banks expired by limitation during the year ending November
1, 1885, than have or will expire during any other year between the
passage of the act of July 12, 1882, and the year 1900.
The additional labor entailed upon this office by the extension of so
large a number of banks in so short a period of time has been very considerable, it being necessary in all instances to carefully examine the
original articles of each association as well as the amendments and the
signatures of assent of the shareholders thereto. On account of section
6, which provides that new circulating notes shall be issued to each
extended association, duplicate accounts have necessarily been opened
upon the books of this office with every extended bank, and in accordance with the third section of the act it has been necessary that a special
examination should be made of each bank to determine its condition, as
before granting a certificate of approval for extension to any association



EEPOET OF THE COMPTROLLER OF THE CURRENCY.

11

the Comptroller must be satisfied that its capital is UDimpaired and that
it is otherwise in a sound condition.
It appears to be a matter of congratulation to the friends of the national banking system that the associations, the original periods of succession of which have terminated, have up to this time as a rule decided
to continue in business, notwithstanding the fact that very little if any
profit can be made upon circulation under the present provisions of the
law and the prevailing high prices of Government securities.
The provisions of the act for the extension of the corporate existence
of national banks in the main appear to be admirably suited for that
purpose. Those of the first and second sections, which provide that the
period of succession may be extended by simply amending the articles
of association, by the consent in writing of shareholders owning not
less than two-thirds of the capital stock, are simple and easily carried
out by the banks.
Section 3, which provides for a special examination of the association
in order to determine its condition, is also well adapted for the purpose.
That part of section 4 which provides that the extended bank shall
continue to be in all respects the identical association it was before the
extension of its period of succession prevents any break or disturbance
in its business, enables the bank to retain its surplus fund, and is especially useful in the matter of any litigation for collection of assets, title
to property, &c.
It would, however, appear that some of the provisions of section 5
might be amended with advantage to the public. Said section is as
follows:
SEC. 5. That when any national banking association has amended its articles o*
association as provided in this act, and the Comptroller has granted his certificate of
approval, any shareholder not assenting to such amendment may give notice in
writing to the directors, within thirty days from the date of the certificate of approval, of his desire to withdraw from said association, in which case he shall be
entitled to receive from said banking association the value of the shares so held by
him, to be ascertained by an appraisal made by a committee of three persons, one to
be selected by such shareholder, one by the directors, and the third by the first two j
and in case the value so fixed shall not be satisfactory to any such shareholder, he
may appeal to the Comptroller of the Currency, who shall cause a reappraisal to be
made, which shall be final and binding; and if said reappraisal shall exceed the
value fixed by said committee, the bank shall pay the expenses of said reappraisal,
and otherwise the appellant shall pay said expenses; and the value so ascertained
and determined shall be deemed to be a debt due, and be forthwith paid, to said
shareholder, from said bank ; and the shares so surrendered and appraised shall,
afttr due notice, be sold at public sale, within thirty days after the final appraisal
provided in this section : Provided, That in the organization of any banking association intended to replace any existing banking association, and retaining the name
thereof, the holders of stock in the expiring association shall be entitled to preference in the allotment of the shares of the new association in proportion to the number of shares held by them respectively in the expiring association.

Provision is thus made to ascertain the value of shares of non-assenting shareholders, by an appraisal to be made by a committee of three
persons, one to be selected by the non-assenting shareholder, one by the
directors, and a third by the first two. But if the bank does not heed
the notice of withdrawal and declines to appoint a person to serve on
the committee of appraisal, there is no penalty for such neglect, and
apparently the shareholder's only remedy is by a suit in some court of
competent jurisdiction. I therefore conclude that some provision should
be made for the enforcement of this section. Provision is also made, in
case the value of the sharesfixedby the committee of appraisal is not satisfactory to the shareholder, that he may appeal to the Comptroller of the
Currency, who shall cause a reappraisal to be made, which shall be final



12

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

and binding. No provision is, however, made for an appeal on the part
of the bank, where the valuation fixed by the committee is not satisfactory to it. I have to recommend, therefore, that the section be amended
to obviate this defect.
Provision is further made that after the appraised value has been
paid to the shareholder, as provided by law, and the shares surrendered,
the same shall, after due notice, be sold at public sale within thirty
days after the final appraisal. It appears that in many cases thirty
days is not sufficient time for the bank to realize a fair price for shares
which it is thus compelled under the law to purchase, and inasmuch as
section 5201 of the Bevised Statutes provides that stock purchased or
acquired to prevent loss upon a debt previously contracted in good
faith may be sold at any time within six months from the date of its
purchase, at public or private sale, it would seem that the law should
grant at least as long a period for the sale of the stock which an association is compelled to take from a retiring stockholder under the act of
extension, and the Comptroller recommends an amendment to this
effect.
Section 6, which relates to the circulation of extended associations, is
as follows:
SEC. 6. That the circulating notes of any association so extending the period of its
succession which shall have been issued to it prior to such extension shall be redeemed
at the Treasury of the United States, as provided in section three of the act of June
twentieth, eighteen hundred and seventy-four, entitled "An act fixing the amount
of United States notes, providing for redistribution of national-bank currency, and
for other purposes," and such notes when redeemed shall be forwarded to the Comptroller of the Currency, and destroyed, as now provided by law; and at the end of
three years from the date of the extension of the corporate existence of each bank the
association so extended shall deposit lawful money with the Treasurer of the United
States sufficient to redeem the remainder of the circulation which was outstanding
at the date of its extension, as provided in sections fifty-two hundred and twenty-two,
fifty-two hundred and twenty-four, and fifty-two hundred and twenty-five of the Revised Statutes; and any gain that may arise from the failure to present such circulating notes for redemption shall inure to the benefit of the United States; and from
time to time, as such notes are redeemed or lawful money deposited therefor as provided herein, new circulating notes shall be issued as provided by this act, bearing
such devices, to be approved by the Secretary of the Treasury, as shall make them
readily distinguishable from the circulating notes heretofore issued : Provided, however,
That each banking association which shall obtain the benefit of this act shall reimburse to the Treasury the cost of preparing the plate or plates for such new circulating notes as shall be issued to it.

It is respectfully submitted that more than three years should be
granted within which to deposit lawful money to retire the remainder
of the circulation outstanding at the date of extension. If this period
should be extended to six years the necessary deposit would then be
comparatively small. In the natural course of redemption the outstanding circulation of old design of extended associations is constantly being
decreased, as all such notes redeemed are retired without regard to their
fitness for circulation, notes of a new design, as provided by law, being
issued in their place. See tables, pages 114,115.
Upon reference to a statement heretofore made of the extension of
the corporate existence of national banks organized under the act of
February 25, 1863, it will be noticed that 270 banks, with a circulation
of $47,997,430, were extended on February 25, 1883, and therefore lawful money must be deposited under section 6 within thirty days from
February 25,1886, to retire such portion of this circulation as then remains outstanding. From the redemptions of this circulation made in
regular course, it has for some time been evident to the Comptroller
that the amount of the final deposit required by this law to be made in



REPORT OF THE COMPTROLLER OF THE CURRENCY.

13

lawful money during the thirty days succeeding February 25, 1886,
would be very large, and that this deposit of lawful money within so
short a period would perhaps occasion some temporary disturbance at
money centers, particularly as some time would necessarily elapse before new circulation to replace that retired could be issued by the banks.
In this connection I desire to call attention to a portion of section 9,
which provides that in the aggregate not more than three million dollars of lawful money shall be deposited by national associations during
any calendar month in order to withdraw their circulating notes, except
when bonds owned by the association shall be called for redemption by the
Secretary of the Treasury. It does not appear that lawful money deposits made under section 6 are exempted from the provisions of section
9 referred to, and inasmuch as the deposits under section 6 may at
times exceed $3,000,000 in any one month, there is an apparent conflict
in the act. I therefore recommend that the time of deposit be extended.
I also recommend that section 9 be so amended that its provisions shall
not apply to the deposit of lawful money by extended associations.
In anticipation of the difficulty which might arise after February 25,
1886, from the apparent conflict of law referred to, and from.the large
deposit of lawful money, which, if not made before, would, by the law,
be required to be made within thirty days following that date, the
Comptroller, early in the present year, began to advise national banks
which would be required by section 6 to make deposits of lawful money
on or before March 25, 1886, in order to prevent, if possible, any disturbance, to make such deposits in advance, in sums of $10,000 or
multiples thereof, extending them over a period of some months. These
banks were also advised to order in advance the preparation of notes
of new design, that they might be in readiness to be issued to replace
the circulation retired by the deposit of lawful money under section 6.
Early in August a printed circular letter embodying this advice was
sent to all the national banks interested. Many of the banks so addressed have responded, and it is believed that the action of this office
has had an excellent effect, and that the amount of lawful money to be
deposited within thirty days after February 25, 1886, will be much less
than if this action had not been taken.
If the only object of section 6 is to enable the United States to gain
the benefit from lost or destroyed notes, this object might have been
accomplished by simple enactment to this effect, without the expense
of the issuance of new notes and the deposit of lawful money.
~
~
The extension of the franchises of expiring associations for the sole
purpose of liquidating their affairs until closed, as provided for in section 7, appears to answer its purpose.
The remaining sections of the act are for purposes other than the
extension of the corporate existence of national banks, and it is not
necessary in this connection to make any statement in regard to their
provisions.
At this date but two reappraisals have been made of the stock of
non-assenting shareholders, under section five, by the Comptroller of
the Currency.
CIRCULATION.

Notwithstanding the fact that 145 new banks were organized during
the past year, with a capital of $16,938,000, depositing $4,959,300 of
bonds as security for circulating notes, the aggregate of bonds on deposit for that purpose has diminished from $325,316,300 to $308,364,550.
The- following table gives the various kinds and amounts of bonds



14

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

deposited by the banks to secure their circulating notes on November
1, 1883, November 1, 1884, and November 1, 1885.
1883.
$632, 000
201,327,750
41,319,700
3, 463, 000
106,164, 850

Three-and-a-halfs
Threes
T\>u r- an d- a-halfs

Fours .

.

1884.

- -.

352, 907, 300

$155, 604,
49, 537,
3, 469,
116, 705,

1885.

400
450
000
450

$138, 920, 650
49, 547, 250
3, 505, 000
116,391,650

325, 316, 300

308, 364, 550

By reference to this table it will be seen that the aggregate reduction of bonds deposited for the year ending November 1, 1885, was
$16,951,750. The changes were as follows: An increase of $^6,000 in
Pacific currency sixes and of $9,800 in the amount of four-and-a-half
per cents deposited, a reduction of $313,800 in the amount of four per
cents held, and a reduction of $16,683,750 in the amount of three per
cents held, payable at the option of the Government. Of the three per
cents $9,586,200 had been called for payment, and interest had ceased
on November 1, 1884.*
The following tables show the decrease of national-bank circulation
during the years ending November 1, 1883, November 1, 1884, and
November 1, 1885, and the amount of lawful money on deposit at each,
of the dates named:
National-bank notes outstanding November 1,1882, including notes of national gold banks
$362,727,747
Less lawful money on deposit at same date, including
deposits of gold banks
38,423,404
National-bank notes outstanding November 1,1883
Less lawful money on deposit November 1,1883
«

-

Net decrease of circulation/*.,^v.&?^Jfm}hft':ff

352,013,787
35,993,461

$324,304,343

A fj.yt

National-bank notes outstanding November 1, 1883, including notes of national gold banks
Less lawful money on deposit at same date, including
deposits of national gold banks

8,284,017

352,013,787

National-bank notes outstanding November 1, 1884, including notes of national gold banks
Less lawful money on deposit at same date, including
deposits of national gold banks

316,020,326

333,559,813

35,993,461
316,020,326

41,710,163
291,849,650

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

24,170,676

National-bank notes outstanding November 1, 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
•
National-bank notes outstanding November 1,1885, including notes of national gold banks
315,847,168
Less lawful money on deposit at same date, including
notes of national gold banks
39,542,979
—

291,849,650

Net decrease of circulation^.^ 1 ? ._*•*).£
#

'.f^A...:../.

(.*

A large proportion of these bonds were replaced by others.




276,304,189
15,545,461

REPORT OF THE COMPTROLLER OF THE CURRENCY.

15

It will be seen that the banks held on November 1,1884, $155,604,400,
and on November 1,1885, $138,920,650, of three per cents under the act
of July 12,1882, payable at the pleasure of the Government. The Secretary of the Treasury, during the year ending November 1, 1883, paid
$105,634,150, and during the year ending November 1,1884, $105,970,450
of the public debt. In the latter year three per cents only were called.
No bonds were called for the year ending November 1, 1885. Reasoning upon the theory that the public debt would, during the year ending
November 1, 1885, continue to be reduced by the payment of three per
cent, bonds, and that this reduction would occasion the reinvestment of
trust and other funds invested in threes, and cause a greater demand for
and consequent increase in the price of four percent, bonds to a point at
which it would be more profitable for the national banks to sell them,
the Comptroller estimated in his last annual report to Congress, that
unless legislation should be secured enabling the banks to issue currency at a fair profit, circulation would be reduced at the rate of at least
$40,000,000 per annum. It is believed that this estimate would have
been substantially correct had the Government continued during 1885
to call and pay the three per cent, bonds as rapidly as during the two
previous years.
The reduction of circulation of national banks during the year ending
November 1, 1885, for reasons other than the call of bonds by which it
was secured, was greater than anticipated. The causes which have led
to this result are small profit remaining to national banks on circulation
after paying the tax of 1 per cent, per annum imposed by the Government; reduction in the rates of interest throughout the country, occasioned by the abundance of money in the financial centers; and, doubtless, uneasiness among certain of the bankers of the country as to the
outcome of the iucrease of silver in the Treasury, such increase indicating that possibly the interest on the public debt, and even some
portion of the principal, might be paidT in standard silver dollars, and
that Government bonds might thereb5 become depreciated in foreign
markets, which would undoubtedly affect their price in this country.
The credit and standing of this country is deservedly high, and it is
not believed that the people desire either the principal or interest on
the bonded debt of this country to be paid in anything but gold coin
or its equivalent. This matter was discussed at the time the bonds
were issued, during the period of the refunding of the debt, and the
preparations for the resumption of specie payments, and the conviction
is general that the faith and credit of this Government is pledged for
the payment of its securities in gold coin or its equivalent.
The Comptroller in his last annual report made the following statement:
The time of the final payment of the debt is, however, yet distant, and with
appropriate legislation there will probably be for many years no lack of bonds as a
safe basis of circulation. Moreover, no feasible plan with other security has as yet
been suggested, affording a sound currency redeemable on demand in specie, and the
Comptroller believes that it is extremely doubtful whether, after the experience of
the last twenty years, the people would be satisfied with a currency based on any
security other thai United States bonds.
Public sentiment seems to be in favor of the payment of the public debt as rapidly
as possible, and while no doubt this is in general a correct principle, yet as it is
apparent that such payment must extend under the most favorable circumstances
over a long future period, the interest during which time is as much a portion of the
debt as the principal, it is a question if it would not be of ultimate benefit to the
country and a payment of the debt to reduce the interest upon it to a minimum rate
and defer the payment of the principal, thus giving for many years a safe basis* for
national-bank circulation. This course would be particularly advantageous if the



16

REPORT OF THE COMPTROLLER OF TitE CURRENCY.

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

The measures introduced in the Senate and House of Kepresentatives
during the last session of Congress to enable national banking associations to issue circulation to the par value of the bonds deposited, and
for the funding of the high-rate bonds of the United States into bonds
bearing a lower rate of interest, did not become laws, the law taxing
circulation was not repealed, and no legislation whatever in relation to
the national banks or the refunding of the public debt was enacted.
Unless some measures be taken whereby the banks may be enabled
to issue circulation at a reasonable profit to themselves, the contraction
of national-bank notes will continue. The profit on circulation may be
increased by the removal of the tax and by increasing the amount of
currency issued to the par value of the United States bonds deposited;
and the Comptroller again respectfully recommends appropriate legislation for that purpose. Even if this be done, the national bank-note
circulation is still liable to reduction and final disappearance with the
reduction and final payment of the debt of the United States.
Upon examining the various methods of issuing bank notes, adopted
in other countries, and which are described elsewhere in the report, it
will be seen that a large proportion of the issue of notes under the laws of
the different Governments are based upon the credit of the banks—that
is to say, they are issued against the general assets of the various institutions, and are not, as a rule, secured by special deposits or securities
held in trust, or by coin or bullion set apart specially for the protection
of the note-holder.
Irresponsible and illegitimate issues of bank notes have been common
to almost all civilized countries, and financial disturbances have again
and again resulted from such issues, notwithstanding the attempts
which have been made by many different Governments to correct the
abuse.
Bank notes, which circulate as money among the people, should either
be well secured by special deposit of valuable assets in trust, or they
should be issued only by corporations whose assets and management
are of such a character as to insure the payment of the notes, and those
corporations should be compelled by law to carry a sufficient reserve in
the coin of the country for their prompt redemption. Under these circumstances only are bank notes entitled to the confidence of the public. It is, of course, not to be expected that corporations or private
bankers will issue bank notes, if the law requires them to be based upon
the security of any form of debt and at the same time requires that an
amount of coin or bullion equal to the notes issued shall be held by the
issuing association for their redemption. There would be absolute loss
on such an issue. But as long as a bank note is payable on demand by
the issuer thereof, and the public are assured that it rests upon a stable
foundation of security, either deposited in trust or vested in the issuer
in such a manner as to secure its ultimate payment, and as long as said
note is protected by a reserve in proportion to the ordinary demands for
coin when needed for dealings with foreign countries or the natural
wants of trade, the public will use it as money on account of its greater
convenience.
It being conceded that bank notes based upon coin or bullion will not
be issued in sufficient quantities for the convenience of the public, banks
should be permitted to issue notes upon other securities for the con


REPORT OF THE COMPTROLLER OF THE CURRENCY.

17

venience of trade and commerce. The debt of a strong Government is,
next to coin or bullion, the most available for this purpose, and in this
country up to this time the debt has supplied a safe and satisfactory
basis for bank notes, but in view of the anticipated payment of the
public debt it becomes a question of interest how far bank notes can
safely be issued without other security than the general assets and
credit of the banks. If tln> liability of shareholders on account of notes
issued is increased, and note-hold TS are preferred as against all other
creditors, circulating notes might perhaps be issued by joint stock
banks, under an improved safety fund system to a certain percentage
of their capital, unsecured by a deposit of bonds.
My predecessor, Mr. Kuox, in his report for 1883 said:
Experience has sliown that if instead of ninety dollars upon each one hundred
dollars of bonds, one hundred dollars of circulating notes had been issued upon
every seventy dollars of United States bonds deposited, there would nor, have been any
loss to the Government, or to the holders of the circulating notes of any of the national
banks which have failed during the last twenty years ; but- that there might have
been an additional loss to the depositors, depending upon the ch tractor of the assets
held in place of the portion of bonds which on this supposition would have been released. If circulation had been issued to these insolvent banks, which had a capital
of about twenty millions, to the amount of their capital, the value of the bonds being
the same, and there had been just previous to failure a decline in the market of 5 per
cent, upon the value of the bonds, the losses w-»uld not have exceede I one million of
dollars. These possible losses would have fallen upon the holders of the notes of such
few banks only as became insolvent, or upon the creditors of these banks or the Government; and if the gain arising from lost notes could have been used as proposed,
these possible losses would have be n provided for.

He proposed that a safety fund should be accumulated, '1) from the
gain arising from the accidental loss or destruction of the circulating
notes of national banks; (2) from the tax upon circulation; and (3)
from interest to be derived at a low rate upon the fund on deposit in
the Treasury for the purpose of redeeming the notes of national b inks
retiring circulation, which now amounts to more than thirty nine million
dollars.
The amount available for a safety fund from the first source is estimated now to be not less than six million dollars, and the amount derived from the tax of 1 per cent, per annum on circulation during the
year 1884 was more than three millions. Even if this tax for safety
fund purposes should be fixed at one half per cent., in the course of
three years a safety fund would be in hand amounting to more than
ten millions of dollars.
The results of the liquidation of 104 national banks which have failed,
and the affairs of which have been liquidated or are in process of liquida'ion by receivers under the direction of this office, show in a very
interesting manner to what extent it may be safe to permit banks under
the national system to issue circulation unprotected by a deposit of
United States bonds. Of these 104 banks, 70 have been finally closed,
and for them the results are absolute. The remaining 34 are. still
in process of liquidation, but have progressed so far that the final result can be estimated with comparative accuracy.
The dividends paid to the creditors of all these banks from the proceeds of their general assets amount to $2^,379,080. They had an aggregate capital of $J1,858,900, upon which under the law they could, on
deposit ot bonds, issue 90 per cent., or $L9.G73,O1O of circulation, [f at
the time of their failure the law had permitted an issue of circulation
to the amount of 90 per cent, of capital, unsecured e.ccept by a first lien
on general assets of the 104 banks mentioned, the note-holders of 5S would
have experienced no loss. If the law had authorized an unsecured issue
5745 CUR
2



18

REPORT OF THE COMPTROLLER OF THE CURRENCY.

equal to 70 per cent, of capital, the notes of 71 of these banks would
have been redeemed from the proceeds of their general assets. At 40
per cent., the notes of 90 would have been paid in full, and upon an
unsecured issue of 25 per cent, of capital.* loss to note holders would
have occurred in the case of live banks only, or about $02,000 in all.
The experience with these 104 banks shows almost conclusively that if
their issues to the amount of 65 per cent, of their capital had been
secured by a deposit of bonds to an equal amount, the remaining 25
per cent, might have been issued without other security than a iirsfc
lien on the general assets, and if a safety fund had been in existence it
would in the case cited have been drawn upon to the extent ot $62,000
only upon a circulation amounting to $5,464,700. For a beginning, therefore, it might be safe to authorize banks to issue circulation amounting
to 90 per cent, of their capital, 70 per cent, to be secured by an equal
amount of United States bonds at par value, the remaining 20 per cent,
being i!*siied without other security than a first lien on such assets.
But if the law should provide for the accumulation of a safety fund
in the manner suggested, then as such safety fund increased, the percentage of circulation unsecured by bonds might be increased, as the
diminution of the public debt might require aiid the safety fund warrant.
Such legislation would have the effect of maintaining bank-note circulation, and prevent its being superseded by Government issues, which
an authority as high as Alexander Hamilton has said u are of a nature
so liable to abuse, and it may even be affirmed so certain of being
abused, that the wisdom of the Government will be shown in never
trusting itself with the use of so seducing and dangerous an experiment."
While the bank-note circulation of this country is steadily decreasing,
there has been no reduction in the total circulating medium in the
United States, the reduction in tin ua-tional-bank currency outstanding
having been more than met by the coinage of the standard silver dollar
and the issuance of certificates thereon.
The number of silver dollars coined under the provisions of the act
of February 28, 1878, amounted to $213,259,43L on November 1, 1885,
of which $163,817,342 remained in the Treasury of the United States,
while $49,442,089 were in circulation on that date.
Under section 3 of the act mentioned above, silver certificates have
been issued, which are represented by standard silver dollars in the
Treasury of the United States, to the amount of $125,053,286. Of the
silver certificates so issued $31,906,514 remain in the Treasury of the
United States, leaving $93,146,772 ot these certificates in circulation on
[November 1, 1885. Through the operation of the act to authorize the
coinage of the standard silver dollar and to restore its legal-tender character, the circulating medium if sued by the Government of the United
States has been increased in the sum of $213,259,431, of which $49,442,089
in standard silver dollars are in the hands of the people, and $70,670,570
of like coins are in the Treasury of the United States, in addition to
$93,146,772 of said standaid dollars which are represented by silver
certificates in the hands of the people, and which can be converted into
* The redemption of the notes from The proceeds of the general assets would of course
reduce the amount paid from (hose assets to the depositors. In the ca^e of the one
hundred and four failed banks, if circulation to the amount of *25 per cent, of the capital had been so redeemed, the average dividends to depositors would have been reduced from 67 per cent, to 54 per cent, of the claims proved.



REPORT OF THE COMPTROLLER OF THE CURRENCY.

19

standard dollars at the pleasure of the holder, and are receivable for
customs, taxes, and all public debts.
Under section 12 of the act of July 12, 1882, said certificates, when
held by any national banking association, are to be counted as a part of
its lawful reserve, and national banks are forbidden to be members of
any clearing-house in which said certificates shall not be receivable in
the settlement of clearing-house balances. These certificates are redeemable in silver dollars, but have no legal-tender quality between
individuals or between banks, although national banks are compelled
to accept them in settlement of clearing-house balances. It hardly
seems just or equitable that national banks should be compelled to
receive these certificates under these conditions, when banks organized
under State laws, and private individuals, are not compelled to receive
them when tendered.
The Comptroller in his last report to Congress stated that he believed
the operation of the present law, which compels the coinage of two
million standard silver dollars per mouth, weighing only 412^ grains
each, with unlimited legal tender quality, would eventually bring financial disturbance upon the country, and he is still of the same opinion.
Referring to silver certificates, the following suggestions were also
made in the Comptroller's last report:
If it is for the best interests of the United States to issue a circulation based upon,
silver, the Comptroller believes that the circulation should be issued upon coiu or
bullion which contains a sufficient number of grains of silver to have an intrinsic
value equal in the markets of the world to its nominal value; and that under certain
restrictions and regulations it would be far more correct in principle to issue silver
certificates based upon a deposit of silver bullion, to be valued in the exact proportion
of silver to gold, than to continue the issue of certificates under the present law.
These reflections are upon the theory, held by many, that it is for the best interests
of this country to maintain a circulation based upon silver. The Comptroller doubts
the correctness of this theory, but it is submitted that the circulationnow outstanding based on silver is a depreciated currency, by the issue of which the Government
has gained at the expense of the people who now hold the silver dollars aud certificates, and that therefore it is incumbent on the Government, if it continues to issue
circulation based upon silver, to do so under a plan which will not only provide a
sound circulation for the future, but also prevent the holders of the present certificates and dollars from sustaining loss.

As the silver question is more unsettled than it was at the time the
foregoing was written, not only in the United States but elsewhere, it
seems doubtful if this Government should attempt to issue a circulation
based upon silver, even at its bullion value, until the relative value of
this metal is more definitely settled throughout the world. The discontinuance of the coinage of the silver dollar by our Government might
perhaps have a tendency to bring about some agreement with other
nations, and the fixing of a standard for a series of years; it is however
evident that the coinage of the standard silver dollar under the present
law is in excess of the requirements of the country, and should be discontinued. If we continue to add these dollars to our circulating medium, and they continue to accumulate in the Treasury, the Government
must of necessity pay some portion of its obligations iu that coin; and
if the Government should pay its interest and other obligations and
redeem its bonds in standard dollars, the business of the country would
immediately go to a silver basis. What effect this would have it is
difficult to predict. It would appear, however, that gold would go to
a premium, which would compel its being held, to a certain extent, as
an article of merchandise, and it would not circulate as money. Tnis
would probably occasion contraction in credits and financial disturbance. The effect upon the legal-tender notes, which by the terms of



20

REPORT OF THE COMPTROLLER OF THE CURRENCY.

section 12 of the act of July 12, 1882, appear to be redeemable in gold,
cannot well be foreseen, but it would be difficult for the Government with
its present stock of gold to redeem the outstanding legal-tender notes,
or such portion of them as might be presented, if gold was held at a
premium. Inasmuch as the national-bank notes are redeemable in
legal tender notes, their position would be determined by the status of
the latter.
The substitution of standard silver dollars and silver certificates based
thereon, in place of bank notes, which is taking place under the provisions of law now in force, evidently requires consideration and appropriate legislation.
BANK-NOTE ISSUES OF OTHER COUNTRIES.

Macleod, in his exhaustive work on the Theory and Practice of Banking, states that—
"The circulating medium of any country is—
(1) Coined money—gold, silver, and copper.
(2) Paper currency, viz, promissory notes and bills of exchange, with all their
variety.
(3) Small debts of all sorts, such as credits in bankers' books, called deposits, book
debts of traders, and private debts between individuals."

Bank notes come clearly within the second classification, and are
merely promises on the part of the bank to pay on demand a sum of
money. Unless otherwise provided for, this sum is payable in the coined
money of the country where the note is issued. The metallic money in
which the note is redeemable on demand is that issued by the government of the country or State, and authenticated as to weight and fineness by its mints.
In the earlier days of banking, promissory notes of joint-stock banks,
private bankers, and merchants were all on the same footing as inland
bills of exchange, that is to say, they were all transferable by indorsement. Under the present system of issuing bank notes, payable on demand to bearer, they pass in ordinary business transactions from hand
to hand as a circulating medium in the same manner as coined money.
The commercial transactions of the world have grown to be so enormous, and the use of bank notes therein so universal, that most Governments, recognizing thenecessityof making the security for fulfillment
of these promises as substantial as possible, have enacted laws whereby
they are issued under certain restrictions and regulations, in order that
the public, many of whom are unable to discriminate between the different issues of the banks, may not suffer loss by receiving what is supposed to be an equivalent of money. Either securities are required
to be deposited in trust, as under the national bank system, or set
aside and held in the bank, as in the case of the Bank of England,
or the issues are regulated by the condition of the assets, the amount of
capital paid in, and the amount of coin on hand. Very often the law
provides that the circulating notes shall be a first lien upon all the assets of the bank, aud sometimes a direct guarantee of payment of bank
notes is given under conditions by the Government.
Since the passage of the national currency act in 1863, the entire
Mink-note circulation of the United States has been secured by a deposit of Government bonds with the Treasurer of the United States,
and owing to the care with which this precaution has been exercised the
general public scarcely realize that these notes are simply promises redeemable on demand, and not money.



REPORT OF THE COMPTROLLER OF THE CURRENCY.

21

As at some time in the future the redemption and payment of the
public debt of the United States will probably make it necessary to
issue bank notes upon the basis of some other security, it will be useful
to examine the various methods of issuing and securing bank notes
under the laws of the principal commercial nations of the world, in
order that the experience of other countries may be made available for
the welfare of our own. A system which is successful in one country
or nation may not be adapted to other countries, but from the experience of all, valuable deductions may be drawn.*
ENGLAND.

Bank-note circulation in England is regulated by the act of Parliament of 1844, which provides for the issuance by the Bank of England of
£14,000,000 of bank notes through an issue department, to which was to
be transferred £14,000,000 in Government securities, and also that the
banks of issue, consisting of joint-stock and private banks other than the
Bank of England, in existence at the date of the act, should not thereafter be permitted to issue notes except to the amount they then had in
circulation, issued by them and outstanding. In other words, the actual
circulation to which each of these banks was to be entitled under the act,
was to be arrived at by taking the average amount of circulation in each
case for twelve weeks prior to April 27 of that year, and under this
regulation the maximum issue by provincial banks—that is, banks in
England outside of London, not including those of Scotland or Ireland—
was then fixed at about eight and three-quarters million pounds. Under
certain conditions these banks of issue which were in existence in May,
1844, might cede their privilege of circulation to the Bank of England
for a fixed consideration of 1 per cent, per annum to August 1, 1S5(>, and
the privilege of issue of any of these batiks w.as forfeited in case of failure
to exercise it, of bankruptcy, or certain changes in the constitution of
their partnerships. The Bank of England was authorized to issue its
own notes for the full amount of the circulation of other banks compounded for, and by order of Grown in council, to two-thirds of the
amount of lapsed circulation.
The total amount of issues lapsed or compounded for since 1844 by
the country banks is about two and three quarters million pounds, leaving the present authorized circulation of such banks at about six mill
ion pounds, or $30,000,000. It is estimated that the actual circulation
of these English provincial banks, that is of the banks other than the
Bank of England, having privilege of issue, is but four per cent, of their
entire liability to the public. By the issue of its own notes in place of
the lapsed and surrendered circulation mentioned, the circulation of the
the Bank of England, based on Government securities, has been increased
*For the facts in reference to foreign banks of issue, the Comptroller is indebted to
the paper on "Bank Notes," by John Biddulph Martin, M. A.., F. S. S., published in
the Journal of the London Institute of Bankers, March, 1880; paper of Mr. Robert
W. Barnett, on " Etfect of the Development of Banking," Journal London Institute
of Bankers, February, 1881; ''The Theory and Practice of Banking," Henry Dunning
Macleod, M. A., 2 ed., 1866 ; " The Three Great Banks of Europe," paper by Et. H. Inglis
Palgrave, in Journal London Institute of Bankers, June, 1879 ; "Lombard Street," by
Walter Bagehot; paper ou " Theory and Practice of Banking in Scotia id," by James
Simpson Fleming, F. R. S., Journal London Institute of Bankers, 1832-l8S3,re id Jannary 17, 1883 ; " Report of select committee of Parliament on Banks of Issue," ordered
printed July 22, 1875; article of Henry May ou "The Baak of England," March number, 1885, Fortnightly Review ; "Sratistique Internationale des B tuques d'l£mission/*
published by the Italian Government in 18/8; Banking Laws of Great Britain, Canada, and Germany; Notes by Mr. Ernest Seyd, F. S. S., on the German banking law.



22

REPORT OF THE COMPTROLLER OF THE CURRENCY.

from £14,000,000 to over £15,000,000. The circulation of the jointstock and private banks of issue of England is based entirely upon
their -general credit; that is to say, it is not based upon securities or
bullion specially deposited or held as in the case of the Bank of England, but upon the aggregate assets of the institutions. These banks
make weekly returns of their outstanding circulation to. the Government, from which it appears that not more than one-half of the notes
they are authorized to issue are in actual circulation. The total amount
of notes of the Bank of England, issued on the security of the Government debt, is at this time £15,750,000 or about $78,750,000. This
bank, in addition, is permitted to issue notes equal in amount to the
bullion or coin which is transferred to and held in the vaults of the
issue department of said bank. Of the coin and bullion held, 25 per
cent, may consist of silver. It is to be noted, however, that very seldom is any circulation of the bank issued upon silver.
The Bank of England is compelled to receive from any person tendering it, bullion in exchange for notes at the rate oi £3,17s. and 9d. per
ounce of gold 11-liJ fine. Under these provisions the amount in bank
notes issued varies from time to time by the receipt or withdrawal of
gold. The only tax paid by the bank against its issue of circulation is
for the privilege of issuing £15,750,000 against securities of the Government, and for this privilege and the exemption from stamp duty the
bank pays to the Government an annual sum of about £li00,000.#
Bank of England notes were, by the third section of the act of Parliament of 1833, made legal tender between all parties, except where the
bank itself is one, so long, and so long only, as the bank pays them in
gold coin on demand.
The act of 1844 declares that the notes of the Bank of England in
circulation, including those held by the banking department, shall be
deemed to be issued on the credit of such securities (coin and bullion)
so appropriated and set apart to the said issue department.
Although the act of 1844 only permits the issue of Bank of England
notes under the present situation of country bank issues to the amount
of £15,750,000, except on a deposit of coin or bullion, during the crisis
of 1857 and in 1866 this statutory provision WHS suspended and the
* The following table, taken from page 553 of appendix to report from the select
committee of Parliament on the banks of issue, will give some idea of the profits to
the Bank of England from its issue department:
ItECEIPTS.

Interest on securities
Profit on bullion

£458, 035
32, 433
490,468
PAYMENTS.

Composition, in lieu of stamps
Her Majesty's exchequer
Country bankers (lapsed issues)
Bank-note paper
Wages, pensions, rent, machinery, and general charges
Balance of profit

60, 000
1^8,578
18, 860
, 18,022
147,bOO
107,708

490;468
The average profits on bullion for the ten years, 1865 to 1874, were £14,900 per
annum.
BANK OF ENGLAND, July 27,




1875.

REPORT OF THE COMPTROLLER OF THE CURRENCY.

23

bank was permitted further issue of notes in order to supply a circulating medium to avert financial trouble and distress, and it is believed
by many that this course would be pursued again if occasion demanded it.
From information communicated to the State Department by the
minister of the United States to Great Britain, it appears that the
amount of bank notes outstanding in England on December 31, 1884,
was—
Notes of the Bank of England ....
Other joint-stock banks
Private banks

£24,647,000
1,6*23,160
1,507,216

SCOTLAND AND IRELAND.

By the act of Parliament of 1845, the privilege of issuing notes on the
part of the existing banks in Scotland and Ireland on their own account
was continued to the amouut of their outstanding circulation. The
privilege of additional issue is granted to these banks upon the basis of
gold coin or bullion to the nominal or par value of the notes issued, and
in this respect they have the advantage of the English provincial banks.
By the terms of the acts under which Knglish. Scotch, and Irish banks
were permitted to continue their issue of circulation, unsecured by a
deposit of gold or bullion, the liabilities of the individual shareholders
of said banks to the general public were unlimited so far as the banknote circulation was concerned. It seems to be the opinion of all authorities who have examined the subject that Scotch and Irish banks
have no securities especially held against their issues.
From information communicated to the State Department by the
minister of the United States to Great Britain, it appears tha r the
amount of bank notes outstanding in Scotland and Ireland on December 31, 1834:, was—
Scotland
Ireland

£6,399,310
6,748,027

The general banking act of Canada was passed in 1871, and has since
been amended in many particulars. Its effect has been to bring under
one uniform system of restrictions and privileges all of the chartered
banks in the Dominion, with the exception of a few banks, which, prior
to the passage of the general banking act, had been working under
special charters. Some of these banks were permitted to retain certain
special privileges, which they held under their old charters.
Under the general banking law of Canada none but chartered banks
are permitted to issue notes. The bank notes of a bank outstanding at
any one time must never exceed its unimpaired paid-up capital. Monthly
returns of the condition of each bank are made to the Government, and
if these reports show excessive issues, tines are imposed as follows: $100
for an excess of $20,000 or less; $1,000 for an excess between twenty
and one hundred thousand dollars; $5,000 for an excess between one
hundred and two hundred thousand dollars; and for an excessive issue
of over $200,000 a line of $10,000 is exacted. There is, therefore, some
inducement to make small over issue in stringent times, as the comparatively light penalty might be offset by the profit, while excessive and
rash overissues are restrained by penalties virtually prohibitory. No



24

EEPORT OF THE COMPTROLLER OF THE CURRENCY

notes can be issued by the banks for less than $5, nor for any denomination except $5 or some multiple thereof.
In case of insolvency, the notes are a first charge upon all the assets
of the bank. There appears to be no special security whatever. The
shareholders are, however, liable, first, for any amount not paid up on
their subscribed stock, and, second, for a further amount equal to their
subscribed stock. Suspension of payments in gold or Dominion notes
for ninety days constitutes insolvency. The directors may, after payment of notes has been suspended six months, call on the stockholders
without regard to assets on hand.
i
No particular amount of cash reserve is required, this apparently being left to the judgment and discretion of the management; but of the
cash reserve kept, one half, if practicable, and never less than 40 per
cent., must be in Dominion notes.
The banks may have branches and offices, and notes may be issued
and made payable at any of them, but each bank must receive its own
notes at any of its different branches or offices, although they need not
redeem them in gold or Dominion notes except at the place where the
notes are payable. Banks are required to make not less than $60 of
any one payment in Dominion notes of denominations of one, two, and
four dollars, if so requestel.
The Dominion notes mentioned are notes of the Government. The
first idea in regard to them appears to have been to have them supplant
the use of bank notes, as the first act in regard to Dominion notes was
ent tied "An act to enable banks in any part of Canada to use notes
of the Dominion instead of issuing notes of their own." This act was
passed in 1808, but was radically amended in 1870. The act of 1870
authorized the issue of these notes on the security of debentures of the
Dominion and specie held for the redemption of the notes by the receiver-general. The portion of specie held was to be not less than 20
per cent. The first amount authorized was $5,000,000, but this might
be increased by order in council under certain conditions to $9,000,000,
the ecurity for redemption being the same. Debentures or stock were
authorized to be issued and delivered to the receiver general, to enable
him to keep there-quired security for the notes issued. To keep the necessary proportion of specie, l his officer was authorized to dispose of debentures. If Dominion notes in excess of the amount authorized were at
any time outstanding, the receiver general was required to hold specie
to the full extent of this excess in addition to the required security for
the authorized issues.
The latest act (1880) permits an increase, wheu authorized by order
of council, to a sum not exceeding $20,000,0»K). This act fixes the
security to be held, at 25 per cent, in specie and Dominion securities
guaranteed by the Government in England (not less than 15 per
cent., however, to be in specie), and 75 per cent, in Dominion debentures authorized by Parliament. The whole amount outstanding*
on August 31,1885, was $17,469,380.83. Of this, over $6,000,000 were
in denominations of less than $5, and over $10,700,000 in denominations
of $500 and $ 1,000. The notes are issued in fractional parts of a dollar,
and in denominations of $1, $2, $L, $5? $10, $20, $50, $100, $500, and
$1,000.
The banks of Canada held on August 31, 1885, $6,823,000 in specie
and $12,421 270 in Dominion notes, while at the same (late the receivergeneral held $3,989,767 in specie as against. $17,469,380 Dominion notes
outstanding.



REPORT OF THE COMPTROLLER OF THE CURRENCY.

25

ENGLISH AUSTRALASIAN COLONIES.

Banking in Australasia is carried on under the Scotch system, and
the only security for circulating notes issued consists of the general
assets of the banks. The Australasian banks, however, hold in bullion
and specie a larger reserve against their liabilities, including circulation, than is the case in Scotland or England.
In 1840 the council of New South Wales passed an act requiring from
all banks of issue a quarterly statement. The other colonies, as they
were established, adopted the same law. An article by Nathaniel Corkr
in the thirty-seventh volume of the Journal of the London Statistical
Society for March, 1874, gives valuable information regarding banking
in Australasia and statistics compiled from the quarterly statements, from
which it appears that the outstanding bank-note circulation in 1872-'73
of the banks of issue in the colonies of New South Wales, Queensland,
New Zealand, South Australia, and Tasmania was £3,410,000. The coin
reserve held was over 25 per cent, on all liab lities.
A curious fact connected with the bank-note circulation of the colonies, especially that of Victoria and New South Wales, is the large proportion of £1 notes issued, being 57.2 per cent, of the whole issue in
the former and 50.99 per cent, in the latter. It appears that the profits on this circulation are not large, as taxes are imposed on the note
issues in circulation in all the colonies excepting South Australia and
Western Australia. Edwin Brett, in his article on the history ot banking in Australasia, read before the Bankers' Institute, London, October
18, 1882, states the rate of taxation in Queensland to be 3 per cent, and
in the other colonies to be 2 per cent, per annum. He also calls attention to the fact that although Australasia is a land of gold, and two
branches of the royal mint are actively engaged in converting the precious metals into coin, bank notes still constitute the chief circulating
medium in all the colonies.
It appears from the June, 1885, number of the Australasian Insurance
and Banking Record, published at Melbourne, that banking in the
Australasian colonies has been much extended since 1873, but that the
increase in note circulation has been moderate compared with the general
increase in the banking business.
A bill was introduced in the New Zealand Parliament, in 1885, providing that bank notes issued in that colony should be a first charge
upon the assets, within the colony,of the issuing bank. From appearances, this bill is likely to become a law.
FRANCE.

Bank notes are issued only by the Bank of France, it having in 1848
absorbed all previously existing issues and become the sole issuing
bank in France, with branches in the principal towns. The issue of
notes of the Bank of France is controlled by the council or directory,
who are compelled to report to the Government from time to time. The
Government, however, does not appear to interfere with the bank issue, except to see that the legal powers conferred in its charter are
not violated. At times, however, the Government has guaranteed or
secured a temporary or excessive issue. The notes of the Bank of
France are therefore based upon the security of the general assets of
the bank, which are at times re-enforced by a loan on the part of the
Government of its credit.
The Paris correspondent of the London Economist of June 28, 1879y
holds that there is no limitation of the circulation of the bank by its



26

REPORT OF THE COMPTROLLER OF THE CURRENCY.

statutes. During the times that specie payments have been suspended,
and when the Government has permitted the issue of unconvertible notes
or forced currency, a limit is always fixed to such issue.
From information communicated to the State Department by the minister of the United States to France, it appears that notes of the Bank
of France are legal tender, and are redeemable at sight, either in gold
or silver five-franc coins, at the option of the bank (silver coins of
smaller denominations being legal tender only to the extent of 50 francs).
On October 1, 1885, as shown by the returns of the Bank of France,
the notes in circulation amounted to 2,78(3,051,930 francs, the bank holding at that time cash amounting to 2,265,030,853 francs, of which
1,162,987,434 francs was gold and 1,102,649,419 francs silver.
GERMANY.

On the 30th of January, 1875, the existing banking law was passed,
and the Imperial or lleichsbank was established. By thisact it appears
that the Reichsbank, so far as its issue of notes is concerned, takes, to
some extent, in Germany, the place that the Bank of Eng and occupied
upon the passage of Peel's act of 1844. JJnder the present bauking act
of the German Empire, seventeen of the banks in existence on the 30th
of January, 1875, were permitted to continue their issue of notes to the
aggregate amount of about $27,000,000. In the apportionment of circulation between the lieichsbank, or Imperial Bank of Germany, and
the other banks of issue, about $62,000,000 was alloted to the Imperial
Bank, and to this was added certain issues of fifteen other banks which
had forfeited their right of issue by lapse of charter, voluntary renunciation of the right of issue, or by decision of the Government. Underthe
present act, banks other than the Eeichsbank issuing notes in excess of
the limit prescribed, except when protected by casli security, are compelled to pay an annual tax of iive per cent, on such excess. The amount
of notes free of duty; that is, not incurring this five per cent, tax, is
quoted every week in the German papers. The Imperial Bank appears to have the right of unlimited issue under the control of the
Imperial Debt Commissioners, and under the present act has practically
the control of the issuance of bank notes throughout the Empire. The
singular provision in regard to the annual tax of five per cent, on circulation, issued in excess of securities deposited, is, no doubt, mteuded
to permit additional issues in times of financial distress. How far this
expedient will meet the end for which it is evidently intended, has
never, it is believed, been practically tested. The Imperial Bank is compelled to hold an amount equal to at least one-third of all its issues in
German coin, imperial legal tender notes, gold bars or foreign coin; the
remaining two-thirds of its issues must be represented by discounted
bills having not more than thr^e months to run.

The exclusive right of note issue of the Empire of Austria was conferred on the Austro-Hungarian Bank, with a charter extending from
the 1st of July, 1878, to the 31st of December, 1887. This bank was the
outgrowth of the forced currency of the Austrian Empire, Austria having contracted liabilities to the national bank, prior to 1878, in the
amount ot $40,000,000.
The notes of the Austro-Hungarian Bank are redeemable in the coin
of the realm, at its two heal offices in Vieuna and Budapest, and incase
notes are not so redeemed within twenty-four hours after demand the



REPORT OF THE COMPTROLLER OF THE CURRENCY.

27

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

The issue of bank notes is confined to the National Bank, which has
a charter for th.rty years from January 1, 1873. While the Government reserves the right to extend the privilege of issue to other banks,
and while theoretically bank notes may be issued by any individual,
firm, or company (except a corporation of limited liability), the notes
of the National Bank are legal tender to the Government, which controls its issues and business, and on account of this feature the bank
really has the monopoly of issuing bank notes. The security to the
noteholders rests principally upon the Government supervision of the
bank, the investment of a certain portion of its capital and reserve in
Government funds, and its being compelled under the act to hold coin
or bullion to one-third of its total liabilities to the public (deposits and
notes outstanding).
This reserve may, however, under the authority of the Government,
be reduced to 2r> per cent, of its liabilities. There appears to be no
limit to the issue of circulation.
NETIMRLANDS.

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

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



28

REPOET OF THE COMPTROLLER OF THE CURRENCY.

first $8,000,000 of notes issued, the bank must hold good and easily convertible assets to the amount of 50 per cent, of their issue. For any
excess over the $8,000,00.) the bank must hold a metallic reserve consisting of legal tender, coin, gold bullion, and foreign coin, and may hold
silver bullion and silver foreign coin not exceeding one-third of the whole
reserve. The metallic reserve is not permitted under the act in any case
to fall below three eighths of the whole circulation. From information
obtained through the Department of State, the bank notes outstanding
in Denmaik on December 31, 1884, amounted to 73,000,000 crowns, or
about $19,500,000.
NORWAY.

The Bank of Norway (Norgesbank), whose charter dates from 1816, has
the exclusive privilege of note issue in Norway. This charter may be
annulled by actof the Storthing, confirmed by theKing. Modifications of
charter have taken place from time to time. The bank has the privilege of issuing unsecured notes in proportion to its capital. It is permitted to issue two and-a-half times its original capital, and also issues
twice the amount of an increase of capital made in 1818, and oneand-a-half times its increased capital of 1842 and 1863. It also issues 150
per cent, of notes against its surplus fund, and a further amouut^of notes
equal to its gold ou hand. The proportion of secured to unsecured notes
is about fifteen to ten The notes of the Bank of Norway are redeemable
in gold and are a full legal tender. In consideration of the privilege
of issue the Government participates in the profits, and the bank appears to be practically an institution of the State, and the shareholders
have no voice in its management. The Govennent does not guarantee
the issue, although it would no doubt protect it, on account of its relations to the bank. Theoretically the notes are secured by the reserve
of coin and bullion, the capital, reserve fund, and assets of the bank.
From information obtained through the Department of State the bank
notes outstanding ou December 31,1884, amounted to 38,983,500 crowns,
or over $10,000,000.
SWEDEN.

•

The Riksbank, or Bank of Sweden, was founded in 1656, and Mr. Palgrave, in his Journal of the Statistical Society, March, 1873, page 117,
claims for Sweden the invention of the bank notfe, the Riksbank being
founded, as it will be seen, forty .years prior to the Bank of England.
The Bank of Sweden has a circulation of about $10,000,000, which
is unsecured, except that the bank is compelled to keep a certain reserve as security to the note-holder. The matter of reserve appears to
be well provided for, as its reserve of gold or silver coin or bullion must
at no time be less than about $4,100,000, and such gold and silver as is
deposited abroad or such cash as it has at call with foreign banks and
companies is also held against its circulation This regulation has
been at times suspended, in something the same manner as the Peel
act of 1844 has been in England. For more than six months in 1869
the reserve was below the minimum required by law, and in 1873 the
issue of notes exceeded the prescribed limits. There are other banks
of issue in Sweden, known as Enskilda banks, whose organization
appears to be in the nature of a private partnership, the liabilities,
however, being somewhat limited. They issue circulation under certain



REPORT OF THE COMPTROLLER OF THE CURRENCY.

29

regulations and restrictions, being compelled before issuing notes to deposit in a place of public safety 25 per cent, of their capital which has
unlimited liability (the partners and shareholders in these banks being
divided into unlimited and limited liability shareholders). No notes
can be issued against the limited capital until 75 per cent, of such
capital is deposited. In addition to the notes issued upon these deposits, bank notes may be issued on coin and notes in hand, gold and
silver bullion, upon such balance as the Enskilda Bank may have with
the liiksbank or Bank of Sweden, and also upon approved securities.
This class of bank notes must not exceed 50 per cent, of the entire capital.
The regulations for issue of bank notes in Sweden appear to have been
carefully considered. Upon a bank meeting with ioss which impairs its
capital 10 per cent, and reduces its reserve, the association is compelled
to liquidate.
EUSSIA.

Bank notes are issued in Eussia exclusively by the Imperial Bank,
which was chartered in 1800 with a capital of about $ 12,000,000. By its
charter it has the exclusive issue of bank notes in Russia for twenty-eight
years. The Imperial Bank seems to have no limit to its issue of circulation. The increase of its circulation, however, is usually made in response to the requirements of the Government whenever an exigency
or a deficit in the annual revenue occurs. The bank appears to furnish
a paper circulating medium to the Government in addition to the
amount previously issued, which, finding its way into the channels of
trade, produces inflation. In 1873 the bank had outstanding upwards
of $600,000,000 of bank notes, against which it held as specie reserve
only about $43,000,000. On November 1, 1879, it is estimated the circulation was upwards of $900,000,000. This circulating medium was
then worth in gold about 60 per cent, of its face or nominal value.
SWITZERLAND.

Notes are issued in Switzerland by banks of two classes—Cantonal
and joint-stock banks. (See London Bankers' Magazine, December,
1878.) The issues are unlimited. In 1879 the entire issue of thirty-live
banks was about $20,000,000. Notes are received between banks, and
business interchanged under an agreement, the interchange being carried on in something like the manner that business of a clearing house
is conducted. In some states of Switzerland banking appears to be
free from restriction in regard to the issue of bank notes, which are
subject to a tax of J per cent, per annum. Note holders of the banks of
Switzerland have no preference over other creditors. The present issue
of bank notes, as appears from information furnished to the Department
of State, was over $25,000,000 on December 31, 1884.
In order to eliminate from the circulating medium of the country the
large amount of illegal and badly-secured issues of bank notes which
then existed, the law of April 30, 1871, was passed, after an elaborate
examination into methods of other countries in dealing with the same
subject. This act limited the emission of bank notes to six associated
banks, which were required to issue$200,000,000 of notes to the Government of Italy, the Government paying interest on the amount of notes



30

REPORT OF THE COMPTROLLER OF THE CURRENCY.

so loaned, and the banks being liable for their payment ratably to their
capital. This issue of notes was for the purpose of taking up certain
Government loans, and each of the associated banks was permitted in
addition, tor its own use, to put out a certain amount of circulation which
might be regulated by the Government to 40 per cent, of the capital of
the bank. The associated circulation is practically the debt of the Government, as Government securities equal in amount thereto were issued
to and held as security by the associated banks for the loan of this circulation to the Government. The notes issued by the banks in their
individual capacity are redeemable in coin or in the association notes.
Banks are compelled to report to the Government full particulars in regard to their issues.
SPAIN.

Bank notes are issued in Spain only by the Bank of Spain, with the head
office at Madrid, which has between twenty five and thirty branches. The
bank is permitted to issue notes to three times its capital, which are
issued entirely on its credit. The bank is required to keep a reserve of
33 percent, of its note issue in coin or bullion. The notes, theoretically,
are payable in gold on demand, but a considerable proportion of its issue
appears to be simply promises to u pay to bearer," the words "on demaud" or "presentation" having been left out. and no statement is
made as to whether or not the note is payable in gold or silver. The
bank does not readily redeem its notes. They have been at a discount
in Madrid and the circulation is somewhat limited.
PORTUGAL.

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

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



* The silver yen is valued at 86.9 cents.

REPORT OF THE COMPTROLLER OF THE CURRENCY.

31

half yen. It apparently had outstanding in 1882, notes to the amount
of 294,520 yen. The notes issued by the national banks are secured by
a deposit of Government bonds, and the banks are under the supervision
of the Banking Bureau of the Imperial Finance Department of Japan.
The operation of the national bank act appears to have been of service
to the country, and the notes issued by the banks circulate freely
throughout the Empire.
On the 27th of June, 1882, the Government of Japan established an institution to be known as the Bank of Japan, with a charter limited to
30 years, and a capital limit of 10,000,000 yen, business to be confined to
non-hazardous transactions, and the bank required to transact such
Government financial business as it shall be directed to perform. The
issue of bank notes is prohibited for a time. The organization of this
bank is similar to that of the Belgium State Bank. Its president is
appointed directly by the Emperor, the Government subscribing for
one half of its capital. It is evident that the intention is that this bank
shall at some tim-e in the future issue circulation under the direction
of the Government.
AMOUNT OF INTEREST-BEARING FUNDED DEBT IN THE UNITED STATES
AND THE AMOUNT HELD BY NATIONAL BANKS.

The public debt reached its maximum on August 31,1865, at which
time it amounted to $2,845,907,62(3. More than twelve hundred and
seventy-five millions of this debt were in temporary obligations of the
Government, of which eight hundred and thirty millions bore interest
at 7.30 per cent, per annum. The average rate of interest on seventeen hundred and twenty-five millions of the debt at that date was
6.02 per cent. This large amount of temporary obligations was
funded within the three years which followed the close of the war,
chiefly into six per cent, bonds. The six per cent, bonds were gradually reduced during the year 1869 and the seven years following, by
payment and refunding into five per cents. The six per cents, together
with the five per cents, were subsequently rapidly replaced by four and
one-half and four per cent, bonds, which were authorized to be issued
by the act of July 14, 1870. In the year 1881 all of the unredeemed
five and six per cent, bonds, amounting to $579,560,050, were continued payable at the pleasure of the Government, with interest at 3J per
cent., by agreement with the holders. The act of July 12, 1882, authorized the refunding of the three and one-halts into three per cents.;
and since its passage all of these bonds have been converted into three
per cents. No call has been made by the Secretary during the year
ending November 1 for the payment of any portion of the threes, and
the amount of each class of bonds making up the entire interest-bearing funded debt has but slightly changed during the past year. On
June 30, 1885, the total registered bonds of the United States amounted
to $1,071,460,262, of which sum $11,927,900 only was held in ioreign
countries.
The report for 1879 and subsequent reports contain tables exhibiting
the classification of the miniatured interest-bearing bonded debt of the
United States and of the bonds held by the national banks for a series
of years, and also tables showing the amount estimated to be held by
savings banks, trust companies, etc.




32

REPORT OF THE COMPTROLLER OF THE CURRENCY.

f The following table is again presented, and exhibits the amount of
the outstanding bonds of the Government, which represent the unmatured interest-bearing bonded debt of the United States and the classification of the same on the dates named:
Six per cent. Five per cent. Four and a half Four per cent,
bonds.
bonds.
bonds.
percent, bonds.

Date.

July
July
July
July
Nov.

$908,518,091 I$199, 792,100
1, 008, 3H8, 469 ; 198, 528, 435
1,421, 110,719 j 198, 5:J3, 435
1,841,521,800 I 221.588,400
1,886,341,300
221, 5S9, 300
1,764,932,300
221,589,300
1,613,81)7,300
274. 236, 450
1, 374, X83, 8'.0
414, 567, 300
1,281, 2:**, 650
414, 567, 300
510, 62*, 050
,213,6-24.700
1, 100, 865, 550
607, 132, 750
984, 999, 650
711, 6*5, 800
703, 2K6, 650
854.621,850
703, 266, 650
73*, 619, 000
646, 905, 5( 10
310, 932, 5<K)
484, 864, 900
235, 7h0, 400
439, 841, 350
196, 378, 600
Continued a t Continued a t
34 per cent.
3J per cent
401, 593, 900
58, 957,150
3J, 082, 600
3 p e r c«nts.
304, 204, 350
22"4, 612, 150
194, 190, 500
194, 190, 500

1865
1866

Aug.
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July

18t>7
1868
1869
1870
1871
1872
1873

1874
1875
1876
1877
1878
1879
1880
1881

1,
1,
1,
1,
1,

1882 .
1883 .
1884 .
1885 .
1885 .

Total.
$1,108, 310,191
1,206.916,904
1, 619, 644,154
2,063, 110,200
2, 107,9.0,600
1,986,521,600
1^88,1:^,750
1,780,451, 100

$140,
240,
250,
250,
250,

000.
000,
000,
0()0,
000,

000
000
000
000
000

$98,
679,
739,
739,

850,
878,
347,
347,

000
110
800
800

1,695, H05, 9-"iO
1,724,252,750
1,707,998,300
1, 696, 68"i, 450
1, 696, 888, 500
1, 78o, 735, 650
1,887,716, 110
1, 709, 993, 100
1,625,567,750

250, 000, 000

739, 349, 350

1,449,810,400

250, 000, 000

737, 942, 200

1,324,229,150

250, 000, 000
250, 000, 000
250, 000, 000

737, 661, 700
737,719,850
737, 740, 350

1,212,273,850
1,181,910,350
1, 181, 930, 850

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

SECURITY FOR CIRCULATING NOTES.

The operations of the Treasury Department for a series of years have
largely reduced the amount of interest receivable by the national banks
on the bonds owned by them and deposited in trust with the Treasurer
of the United states to secure their circulation, owing to the payment
of a portion of the public debt and the many changes made in the
classes of United States bonds by refunding or extension of the different
issues of five and six per cent, bonds to bear interest at 4£, 4, 3J, and
3 per cent. Eighteen year.-: ago the banks had. on deposit, as security
for circulation, $327,000,000 in United States bonds, of which amount
$241,000,000 bore interest at 0 per cent, and $S<j,000,000 at .5 per cent.;
and on July 1, 1882, they held $227,000,000 of three and one-half per
cent bonds. The Hva and six per cent bonds disappeared in the year
1881 from the list of these securities with the exception of $3,500,000 of
Pacific sixes, and since that year the three and one-half per cents have
entirely disappeared. On November 1, 1885, more than 45 per cent, of
the amount pledged for circulation consisted of bonds bearing interest
at 3 per cent only, and the remainder, with the exception of $3,505,000
of Pacitics, bear interest at the rate of four and tour and one half per
cent. The average rate of interest now paid by the United States on
the bonds deposited as security for circulating notes is a little more thau
3.6 per cent, upon their par value.
The amount and classes of United States bonds owned by the banks,
including those pledged as security for circulation and for public de


REPORT OF THE COMPTROLLER OF THE CURRENCY.

33

posits on the 1st day of July in each year since 1865, and upon November 1 of the present year, is exhibited in the following table:
United
States
bonds held
lor other
purposes
at nearest
date.

United States bonds held as security for circulation.
Date.

July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July

6 per cent,
bonds.

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

J u l y 1,1882.
J u l y 1,1883.
J u l y 1,1884.
J u l y 1,1885.
2STov. 1,1885.

5 per cent, 4J per cent, 4 per cent.
bonds.
bon<
bonds.
nds.

Total.

Grand
total.

$235, 959,100 $155, 785, 750 $391, 744, 850
$65, 576, 600!.
327, 310,350
80, 226, 850!.
152, 950 448, 4(i3, 300
340, 607, 500
89,177, 100 .
002,650 424,610,150
34!, 495, 900
90, 76*, 950 .
922,500 422,418,400
342, 851,600
87, 601,250 .
102 000 397,953,600
342, 278, 550!
94. 023, 2U0!.
980, <J00 a 86. 25H, 150
885, 550;
139 387,800!.
450, 800 3!i9, 336, 350
380, 440, 700!
207, 189, 2.'sol.
86tt, 200 412, 3u8, 900
390, 410,550
229, 487, 050!.
724,400 416, 134, 150
39', 171,200;
2>. 6, 800, 500'.
347, 100 416,518,300
376, 314,500
239, 359, 400:
900,200 403,214,700
341, 394, 750
232,081,300]
170, 3()0 386, 565. 050
!
! 338,
7K,600
206,6 1,050 $44, 372, 250
315,050 3*6,028,650
199, 514, 550 48, 448. 65il $19, 162, 000 349, 546, 400
850,900 418,397,300
144, 616, 300 35, 056, 551] 118, 5'.irs 950 354, 254, 600
603, 520 430, 858, 120
139, 758, 650 37, 760, 950 126, 076, 300 361, 652, 050
831,300 404,483,350
172, 348, 350 32, 600, 500 93, 637, 700 360, 488, 400
849,950 424,338,350
Continued
jit 3£ per
cent.:
202, 487, 650 32, 752, 650 97,429,800 357,812,700 43,122, 550 400, 935, 250
7, 402, 800
385, 700 < 3 p e r c e n t s > 39,408, 500 104, 954, 650 353, 029, 500 34,094,150 387,123,650
2<H). 877, 85(1
172,412,550 46, 546, 400 111, 690, 900| 330, 649, 850 31, 203, 000 361, 852, 850
Pacifies.
3. 520, 000 142, 240, 850 48, 483, 050 117,901,30o' 312, 145,200 32,195,800 344,341,000
3, 505, 000 138, 920, 650 49, 547, 251) 116,391,650 308,364,550 31, 780, 100 340,144, 650

'$170,382,500
24 L, 083, f>00
251,430.400
250, 726, 950,
255, 190, 350^
247, 355, 350
220, 4D7, 750
173, 251, 450
16u, 923, 500
154, 37(i, 700
l:<6, 955, 100
109, 313, 450
87, 6!)0, 300
82,421,200
56. 042, 800
5*, 056, 150
61,901,800
Continued
a t .'{£ p e r
cent.:
25, 142, 600

The following table shows the authorizing act for each class of bonds
held by the Treasurer as security for the circulating notes of the national
banks on the 1st day of Kovember, 1885:
Class of bonds.

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

Rate of
interest.

Authorizing act.

July 14,1870, and January 20,1871
do
do
July 12, 1882
July 1, 1862, and July 2,1864

Amount.

Per cent.
[
|

4
3
6
308, 364, 550

The profits on national bank circulation based on 4 and 4J per cent,
bonds are very small, after paying the annual tax of 1 per cent. Attention is particularly called to carefully prepared tables by Mr. E. B.
Elliott, Government Actuary, which appear in the Appendix on page
125, in relation to the average price of the 4 and 4J per cent. United
States securities for the year ending September 30, 1885, and computations based thereon showing the annual profit on circulation during the
same period.
5745 CUR
3




34

REPORT OF THE COMPTROLLER OF THE CURRENCY.

COMPARATIVE

STATEMENTS OF THE NATIONAL BANKS FOR ELEVEN
YEARS.

The following table exhibits the resources and liabilities of the national banks for eleven years, at nearly corresponding dates, from 1875
to 1885, inclusive:
Oct. 1, Oct. 2, Oct. 1, Oct. 1, ! Oct. 2, Oct. 1, Oct. 1, Oct. 3, Oct. 2, Sep. 30, Oct. 1,
1875.

1876.

1877.

1878. | 1879.

1880.

1881.

1882.

1883.

1884.

1885.

2,087 2,089 2, 080 I 2, 053 | 2, 048 2,090 2,132 2,269 2,501 2,664 2,714
banks. banks. banks, banks, banks. banks. banks. banks. banks banks. banks.
RESOURCES.

Loans
Bonds for circulat'n
Other U.S. bonds...
Stocks, bonds, &c...
Due from banks
Real estate
Specie
Legal-tender notes .
Nat'1-bank notes ...
C. H. exchanges
U S. cert, of deposit
Due from TL S. Treas
Other resources
Totals.

Millions. Millions. Millions. Millions Millions. Millions. Millions:Millions. Million, Millions. Millions.
5 ,041. 0 1. 173. 8 1, 243. 2 1, 309. 1!, 245. 3 1, 306.1
984.7 931.3 891. 9 834. 0 878. 5 1,
.,
2 S.

347. 6 357. 3
370.3 337.2
45! 0 94.71 71.2
28.1
47.8
36.9
34 4 34.5
.
39. 7
33.5
144.7 146.9 129.9 138. 9; 167. 3
43.1 45.2
46. 7
7j 47. 8
42.4
8.1 21.4
22.7
42.2
30.7
84.2
66.9
64.4
69.2
76.5
15.9
16.9
15.6
16.7
18.5
82.4 113. 0
87.9 100. 0 74.5
29.2
48.8
33. 4 32.7
26.8
16.5
16.7
19.6
16.0
17.0
24.9
19. 1 19.1
28.7
22.1

357.8 363. 3; 357. 6i 351. 4 327.4 307.7
43. ,6
37.4
30.4;
30.7
31.8
48.9
71.4
66.2
71.1
77.5
213.5
198. 9! 208.9 194.2 235.3
48.0
49.9
46. 5| 48.3
51.3
109. 3
128.6
102. 9! 107.
56.6
70.7
63.2
77.0
69.7
18.2
22.7
20.7
23. 31 23.1
121.1
96.4
208.4
84.9
66.3
7.7
10.0
18.8
8.7
14.2
17.1
16.6
14.9
17.2
17.7
23.0
28.9
36.9
28.9
33.8

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

LIABILITIES.

Capital stock
Surplus fund
Undivided profits ...
Circulation
Due to depositors ...
Due to banks
Other liabilities
Totals.

504.8
134.4
53.0
319.1
679.4
179.7
11.8

499.8
132. 2
46.4
292. 2
666. 21
179. 8|
10.6;

479.5
122.8
44.5
291. 9
630.4
161.6
10.4

466.2
116.9
44.9
30i. 9
668.4
165.1
7.9

454.
114.
41.3
313.8
736.
201. 2
6.7

457. 6 463. 8 483.1 509.7
120. 5 128.1 132. 0 142. 0
46.1
56. 4 61.2
61. 6
317.3' 320.2 315. 0 310.5
887. 9 1, 083.1 1, 134. 9 1, 063. 6
267.9, 294.9 259. 9 270. 4
8. 5
11. 9 13.7 14.9

524.3 527.5
147.0 146.6
63.2
59.4
289.8 269.0
99.?. 0 1 120.1
.,
246.4 299.5
15.8
10.8

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

The different items of resources and liabilities in the preceding table
indicate that the business of the national banks during the past seven
years has generally increased, having been larger during the past year
than at any period since the organization of the national banking system. The items of United States bonds and circulation have decreased.
It also appears from the table that the aggregate liabilities of the national banks to depositors and correspondents, which were reduced
during the previous year upwards of 94 millions, have increased during
the present year more than 180 millions.
The table also shows that during the same period the national banks
increased their cash resources by about 46 millious of specie, and decreased the same by about 2£ millions of legal tenders and United
States certificates of deposit for same.




REPORT OF THE COMPTROLLER OF THE CURRENCY.

35

The following table is an abstract of the resources and liabilities of
the national banks at the close of business on the 1st day of October,
1885, the condition of the New York City, Boston, Philadelphia, Baltimore, and other reserve city banks being tabulated separately from the
other banks of the country:
Boston, |
j New York Philadel- Other reserve
phia, and
!
City.
Baltimore. I cities.*
44 banks.

105 b a n k s .

98 banks.

Country
banks.

Aggregate.

2,467 b a n k s .

2,714 b a n k s .

RESOURCES.

Loans and discounts
,
$236, 823, 598 $218, 424, 27l!$151, 435, 438 $694, 471, 997
322, 583
61, 902
322. SK3!
Overdrafts
66,
1,314
4, 537, 888
Bond.s for circulation
... 12, 566, 500 40, 009, 950 24, 070, 700 231,009,900
i,
820,
675, 000
4, 788, 000
1,000
11,174, 000
Bonds for deposit
4, 265,, 800
419, 500
2, 510, 200
>
7,133, 900
United States bonds on hand
14, 242, 734
8, 097, 293
7, 013, 425
!,
Other stocks and bonds
48,141, 778
23,110, 458 19, 292, 151
Dae from reserve agents
95, 975, 906
17, 059, 322 11, 586, 324
18, 846,
Due, from other national banks
31, 475, 341
1, 617, 5371 4,185, 592
Due from other banks and bankers.. 2, 759,
9, 425, 641
6, 571,017|
4, 846, 052
Real estate, furniture, and fixtures.. 10, 177,
29, 699, 233
712,308
866, 799
787,
4, 486, 854
Current expenses
1,185, 101
1, 233, 681
986,
9,106, 245
Premiums
1,428, 308
658,1351
2, 597,
9, 663, 915
Checks and other cash items
1, 110,
Clearing-house, loan certificates
55, 453,
19, 718,195
8, 265, 049
1, 489, 710
Exchanges for clearing-house
1, 597,
3, 028, 40(5
2, 954, 676
Bills of other national banks
15, 481, 765
35,
42, 799
60, 593
Fractional currency
337, 840
194,
338, 744
33, 717
1, 038, 519
Trade dollars
~
22, 364, 281 19, 586, 788
91. 454,
41, 467, 335
Specie. -,
16, 785,
9, 219, 212 14, 357, 351
29, 375, 936
Legal-tender notes
6, 920,
8, 805, 000
2, 575, 000
500, 000
United States certificates of deposit
547,
1, 799, 737
1, 076, 774
10.173, 742
Five per cent, redemption fund
157, 090
210,
108, 035
823, 877
Due from United States Treasurer ..

$1, 301,155, 304
4, 988, 687
307, 657, 050
17,457,000
14,329,400
77, 495, 230
138,378,515
78, 967, 698
17, 987, 892
51, 293, 801
6, 853, 393
12,511,333
14,347,579
3, 110,000
84, 926, 731
23, 062, 765
477, 055
], 605, 764
174, 872, 572
69, 738,119
18, 800, 000
13, 597, 353
1, 299, 761

479, 249,186 384,845,431 281, 827, 063 1, 286, 991, 322 2, 432, 913, 002

Total.
LIABILITIES.

Capital stock
45, 350, 000
176, 008
Surplus fund
487,171
Undivided profits
917, 442
National-bank notes outstanding . -.
31, 193
State-hank notes outstanding
232, 849
Dividends unpaid
250, 494, 555
Individual deposits
420,181
United States deposits
Deposits of United States disbursing
47,163
officers
105, 687, 963
Due to national banks
34, 19!), 239
Due to other banks and bankers
205, 420
Notes and bills rediseounted
Bills payable
Total

80, 938, 510 54, 951, 500 346, 284, 400
23, 954, 854 13,415,513
87, 078, 267
4, 859, 819
5, 98:t, 167
38, 025, 362
34, 270, 975 20, 986, 640 203, 694, 540
20, 802
84, 901
246, 253
1, 208, 854
1, 820, 370
176, 043, 047 126, 049, 008 549, 785, 840
454, 734
3, 435, 999 j
7, 241, 708
18,188
47, 853, 728
14, 095, 822

1, 959, 401
26,170, 130
15, 613, 406
7, 767, 367
1, 465. 630

2, 714, 399
213, 534, 905
86,115,061
8, 432, 793
2,191, 380

479,249,186 384,845,431 281,827,0631,286,991,322

2,432,913,002

2,750

689, 647
33, 823, 084
22, 206, 594
460, 006|
723, 000

527, 524, 410
146, 624, 642
59, 335, 519
268, 869, 597
136, 898
3, 508, 326
1,102, 372, 450
11,552,622

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




36

REPORT OF THE COMPTROLLER OF THJ* CURRENCY

The following table exhibits, in the order of their capital, the twentyfive States (exclusive of reserve cities), having the largest amount of
capita], together with the amount of circulation, loans and discounts,
and individual deposits of each on October 1, 1885:
States.
- Massachusetts ...
New York
Pennsylvania
Connecticut
Ohio
Rhode Island....
Illiuois
iNevv Jersey
Indiana
Minnesota
Msune
Michigan
Iowa.
Kentucky
Vermont
Texas
N<w Hampshire .
Nebraska
Tennessee
Kansas
Wisconsin
Virginia
Missouri
Maryland
Georgia

Capital.

Circulation.

$45, 095, 650
34,819,700
32, 665, 340
24,921,820
21,909,580
20. 840, (/50
13, 673, 600
12, 208, L'OO
12, 189.500
11,390 000
10, 360, 000
10, 194,600
10, 15>, 000
9, 648, 900
7,541,000
6, 880, 000
6, 105, 000
5, 949, 2;")0
5, 007, 500
4, 995, 720
3, 785, 000
3, 576, 300
3,311,000
2, 716, 700
2, 472, 345

$34, 200, 534
23, 989, 591
23, 401, 46U
15.932.6U0
13, 474,579
12, 056, 177
6, 154,525
8, 007, 406
6,734,150
1, 884, 576
7, 683, 079
3,479,715
3,^3,858
5,714,770
5,355,913
1, 739, 250
5,149, 045
1, 774. 330
2,114,010
1, 435, 705
1, 51.7. 078
2, 007, 500
1,251,648
2,143,702
1, 570, 900

Loans and
discounts.
$86, 090, 367
83, 654, 256
65, 259, 486
40, 501, 279
40, 660,917
30, 974, 846
30, 636, 484
29, 343, 068
"23, 210, 592
28, 076, 758
16, 577, 506
21, 321, 908
21,02H,360
14. 770, 265
10, 54:*, 083
13, 087. 251
8, 333! 617
15, 217, 754
11, 468, 980
10, 610, 954
9, 570, 727
9, 420, 831
7,217,665
5, 695, 512
5, 282, 217

Individual
deposits.
$51, 715, 367
77, 834, 371
6 L, 821,735
24, 482, 781
31,594,784
13,096,232
27, 693, 720
32,501,422
19,845,317
19, 651, 296
10, 095,495
18, 575, 061
17, 053, 775
8, 233, 931
5, 154, 308
9,183,872
5,425,196
11,816,707
7, 783, 995
10, 089, 967
10 132,396
8, 376, 663
5, 972, 242
5, 744,199
3, 335, 352

REDEMPTION.

Since the passage of the act of June 20, 1874, section 3 of which
requires the banks at all times to keep on deposit in the Treasury 5 per
cent, of their circulation as a redemption fund, tiiat fund, as a rule,
has been maintained, and circulating notes of the banks have been
promptly redeemed at the Treasury without expense to the Government.
From the passage of the act of June 20, 1874, to November 1,
1885, there was received at the redemption agency of the Treasury
$1,594,305,738 of national bank currency for redemption. During the
year the receipts amounted to$l 15,880,327,of which amount$60,974,000,
or nearly 40 per cent., was received from the bai.ks in the city of New
York, and $29,762,000, or upwards of 20 per cent., from the banks in
the city of Boston. The amount received from Philadelphia was
$7,446,000, from Chicago $3,943,000, from Cincinnati $2,154,000, from
Saint Louis $1,668,000, from Baltimore $3,797,000, from Providence
$2,470,000, from New Orleans, $2,514,000, and from Pittsburgh $576,000.
The following table* exhibits the amount of national-bank notes received monthly for redemption by the Comptroller of the Currency
during the year ending1 October 31, 1885, and the amount received during the same period at the redemption agency of the Treasury, together with the total amount received since the passage of the act of
June 20, 1874:
* Notes of gold banks are not included in the table.




REPORT OF THE COMPTROLLER OF THE CURRENCY.

37

Received by the Comptroller of the Currency.
From na- From retional banks demption
for reissue
agency
or surren- for reissue.
der.

Months.

November
December
January
February
March ...
April
May
June
July
August
September
October

1884.

$65, 040
77, 500

1885.

83, 040
11,750
45, 000
7, 440
26, 900
130, 250
10

8,C90
60
22, 060

Total
'.
Received from June 20,
1874, to October 31,1884
Grand total

477,140

$5, 279, 800
5, 535, 800
6, 531, 000
7, 343, 600
6, 413, 300
6,221,400
6,591, 100
8.558.600 j
6, 482, 500
4, 848, 900
4, 140,900
3, 675, 930
71, 622, 830

Notes of na-j
tional banks!
in liqnida- I
tion.

Act of
June 20,
1874.

$2,002,195
1,971,575 |
2,266,140

2,
1,
1,
1,

072, 533
724, 795
472, 480
527, 4 JO
256, 600
1, 660, 415
813, 500
827,510
1,981, 120

$660, 785 $8, 007, 820
644,639 | 8,229,514

$11, 471, 644
12, 240, 921

798,262 ! 9,678,442
784,537 I 10,212,420
785, 580
8, 968, 675
819, 729
8, 521, 049
998,910
9,144,330
107, 870
9, 053, 320
1,259,814
9,402,739
807,184
6,477,674
799 076 5, 767, 546
482, 794
6, 161, 904

17, 8P2, 887
10, 972, 096
10. 195, 586
12,549,026
14,1F9. 983
16; 652, 302
12,131,083
9, 8a3, 843
7, 588, 980
10,111,976

18,576,283 | 8,949,180

15,042,450 622, 042, 055 140, 342, 018
15, 519, 590 603,664,885 158,918,301

Total.

Received at
redemption
agency.

99,625,433 |

145,880,327

33, 354, 329 810, 780, 852 1/448, 485,\411
_
\
42, 303, 509 910, 406, 285_ ;
1, 594, 365, 768

The amount of notes fit for circulation returned by the redemption
agency to the banks of issue during the year was $46,402,730, being an
increase over last year of $13,322,430.
The total amount received by the Comptroller of the Currency for destruction, from the agency and from the banks direct, was $72,099,970.
Of this amount, $4,953,400 were the issues of banks in the city of New
York, $9,557,000 of banks in Boston, $3,018,300 of Philadelphia,
$3,403,000 of Providence, $1,812,600 of Baltimore, $1,818,000 of Pittsburgh, $1,033,700 of Cincinnati, $591,500 of Louisville, $415,000 of
Albany, $428,700 of New Orleans, and of each of the other principal
cities less than $300,000.
The following table exhibits the number and amounts of national-bank
notes of each denomination which have been issued and redeemed
since the organization of the system, and the number and amount outstanding on November 1, 1885*:
Number.
Denominations.

|—
Issued.

Amount.

Redeemed. Outstanding. j

Ones
23,167,677 22,731,963
Twos
7, 747, 519 7. 628 877
Fives
93, 208. 400 76, 817, 066
Tens
39, 804, 001 29, 382, *72
Twenties
12,318,173 8, 563, 797
Fifties
1, 75*, 533 1,345,762 I
One hundreds
1, 287, 686
971, 922
Five hundreds
23, 924
22, 727
One thousands
7,238
7, 369
Portion of notes lost
or destroyed
179, 323, 282 147, 472, 224

435, 714
118, 642"
16,391,334
10.421, 129
3, 754, 376
412,771
315, 764
1,197
131

Issued.

I Redeemed.

$23,167, 677
15,495,038
4fi6, 042, 000
398,040,010
246, 363, 460
87, 92(5, 650
128, 768, 600
11, 962, 000
7, 369, 000

$22, 731, 963
15, 257, 754
384, 085, 330
293, 828, 720
171, 275, 940
67,288,100
97,192, 200
11,363,500
7, 238, 000
-21,890

31,851,058 1,385,134,435 1, 070, 239, 617

Outstanding.
$435, 714
237, 284
81,956,670
104,211,290
75, 087, 520
20, 63K, 550
31, 576, 400
598, 500
131, 000
+21,890
314, 894, 818

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



38

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

following table exhibits the amount of national-bank notes re
ceived at this office and destroyed yearly since the establishment of the
system:
Prior to November 1, 1865
$175,490 00
During the year ending—
Oct. 31,* 1866
1,050,382 00
Oct. 31, 1867
3.401,423 00
i Oct. 31. 186$
4,602,825 00
Oct. 3li 1869
8,603,729 00
Oct. 31, 1870
14,305,689 00
Oct. 31, 1871
24,344,047 00.
Oct. 31, 1872
30,211,720 00
Oct. 31, 1873
36,433,171 00
Oct. 31, 1874
49,939,741 00
Oct. 31, 1875
137,697,696 00
Oct. 31, 1876
98,672,716 00
Oct. 31, 1877
76,918,963 00
Oct. 31, 1878
57,381.249 00
Oct. 31, 1879
41,101,830 00
Oct. 31, 1880
35,539,660 00
Oct. 31, 1881
54,941,130 00
Oct. 31, 1882.
74,917,611 50
Oct. 31, 1883
82,913,766 00
O,ct. 31, 1884
93,178,418 00
Oct. 31, 1885
91,048,723 00
Additional amount of notes of insolvent and liquidating jiational
banks
52,859,636 90
Total
Notes of gold banks are not included in the above table.
NATIONAL-BANK FAILURES.

1,070,239,616 40

The total number of national banks placed in the hands of receivers
to November 1, 1885, has been 104, of which 4 became insolvent and
were placed in this category since November 1, 1884. A fall list of
these banks will be found in the appendix, with the amount of capital,
claims proved, and dividends paid. The four which have failed during
the past year are as follows:
Name of b
Middletown National Bank of Middletown, N. Y
Farmers' National Bank of Buahnrll, 111
Sclioharie County National Bank of Schoharie, X. T
Exchange National Bank of Norfolk, Va

Capital.
$200,
50,
50,
300,

000
000
000
000

Receiver
appointed.

Nov.
Dec.
Mar.
Apr.

29,1884
17, 1884
23, 1885
9, 1885

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

ProporTotal
dividends tion of
on princi- interest
paid.

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

Per cent. Per cent.
23. 37
77.512
37. 6483
88
38.10
100
100
100
100

* An assessment of 100 per cent, was made on the stock of this bank, but tbe amount paid was returned to the stockholders; 5 per cent, daring the present year.
t An assessment of 25 per cent, was made on the stock of this bank, but 64.625 per cent, of the amount
 assessment was returned to stockholders during the present jear.
paid under this



EEPOET OF THE COMPTROLLER OF THE CURRENCY.

39

The affairs of a number of banks in the hands of receivers have been
completely liquidated, with the exception of some matters involved in
litigation now pending in the courts. Much of this litigation is pending
in courts of last resort, and it may be some time before the cases can be
heard and decided. This condition of things may delay the final settlement of the affairs of these associations. In such cases, however, the
receivers are, as a rule, paid no salary, it being understood that on final
settlement of the affairs of the banks they shall be paid only for actual
services rendered. The names of the banks in this condition, with the
dividends already paid to their creditors, are as follows:
Dividends
paid.

Name of bank.

Per cent.
50.0
62.0
39.5
62.0
50.0
*100. 0
*100.0
60.0
60.0
40.0
85.0
50.0
1100.0
70.0

Scandinavian National Bank of Chicago, 111
New Orleans National Banking Association of New Orleans, La .
First National Bank of Anderson, Ind
Chai lottesville National Bank of Charlottesville, Va
Fourth National Bank of Chicago, 111
National Bank of the State, of Missouri, Saint Louis, Mo
Third National Bank of Chicago, 111
Central National Bank of Chicago, 111
First National Bank of Waynes burg, Pa
People's National Bank of Helena, Mont
First National Bank of Bozeman, Mont
German-American National Bank of Washington, D. C
Second National Bank of Scranton, Fa
First National Bank of Butler. Pa
*And interest.

t And 50 per cent, of interest.

The following dividends have been paid to the creditors of insolvent
banks during the past year, the total dividends paid up to November
1, 1885, being.given in each case:
Name of bank.

Venango National Bank of Franklin, Pa
New Orleans National Banking Association of New Orleans, La.
First National Bank of Anderson, Ind
City National B aik of Cbicairo, 111
First National Bank of Georgetown, Colo
First National Bank of Allentown, Pa
First National Bank of Wavneslmrg, Pa
First National Bank of Dallas, Tex
Second National Buik of Scrauton, Pa
First National Bank of Newark, N. J
First National Bank of Brattli4)oro, Vt
First National Bank of Buffalo, N. Y
Pacific, Njtio- al Bank of Boston, Mass
First National Bank of Union Mills, Union City, Pa
Vermont National B ink of Saint Alhans, Vt
I
First National Bank of Lendville, Colo
|
First National Bank of Saint Albans. Vt
\
First National Bank of Moumouth, 111
Marine National Bank of New York, N. Y
Hot Springs Nation il liank of Hot Springs, Ark
Richmond National Bank of Richmond, Ind
Logan Nation U B.ink of West Liberty, Ohio
Middletown National Bank of Middletown, N. Y
Farmers' National Bank of Bnshnell, III
SchohariH Countv National Bank of Schoharie, N. Y .
Exchange National Bank of Norfolk, Va
First National Bank of Jamestown, Dak

Total
Dividends
Proportion
paid during dividends of interest
the past
paid to
paid to
year.
depositors. depositors.
Per cent.
8.37
2
14.50
.512
15.1483
3
20

1.10
*50
15
+64.625
5
5
10
30
5
12. 50
20
15
40
36
30
40
40
20
20
300

Per cent.
2137
62
39.50
77. 512
37. 6483
88
60
38.10
100
100
100
38
15
60
42. 50
25
12. 50
90
40
70
36
30
40
40
20
20
100

Per cent.

50
100
100

ioo

*Of interest.
t An assessment of 100 per cent, was made on the stock of tbis bank, but the amount paid was returned to the stockholders, 5 per cent, during the present year.
{An assessment of 25 per cent, was made on the stock of this bank, but 64.625 per cent, of the
Digitized foramount paid under this assessment was returned to the stockholders during the present year.
FRASER


40

REPORT OF THE COMPTROLLER OF THE CURRENCY.

As has been seen, there have been but four failures of national banks
during the year ending November 1,1885, as against eleven during the
previous year. An inspection of the above list will show that each of
the four banks failed this year has already paid a dividend to its creditors, two of them 40 per cent, each, and two 20 per cent each.
If receivers, on taking charge of insolvent national banks, discover
evidence which appears to indicate that insolvency has been caused by
practices in violation of the criminal statutes of the United States, such
evidence is at once, by direction of this office, referred through the proper
channels to the Department of Justice for appropriate action against
those who appear to have rendered themselves liable to the penalties
of the law. Prosecutions of officers of many of the insolvent national
banks have been instituted*by the Department of Justice through the
United States attorneys in the districts where the banks were located,
and as a rule convictions have been secured where indictments have
been found. A number of proceedings of this character are now pending.
Since the commencement of the national banking system 104 banks
have been placed in the hands of receivers, 549 banks have voluntarily
closed their business by a vote oH stockholders owning two-thirds of the
stock, under the provisions of sections 5220 and 5221 of the Revised
Statutes, and the corporate existence of 26 expired by limitation. Of
the banks in the hands of receivers, 9 had been previously placed in
liquidation by their stockholders, but foiling to pay their depositors, receivers were afterwards appointed by the Comptroller to wind up their
affairs. Of the 104 banks placed in the hands of receivers, 70 have
been finally closed, leaving 34 in process of settlement, of which, as has
been seen, 14 are virtually closed with the exception of pending litigation, leaving 20 receiverships only in active operation.
Since the commencement of the system there has absolutely been no
loss to the note-holders of insolvent national banks, every note having been promptly redeemed on presentation at the United States
Treasury. The loss to the depositors of these insolvent national banks
during the twenty-two years elapsed since the passage of the act of February 25, 1863, as nearly as can be estimated, taking into consideration
dividends which will probably hereafter be paid, has been about
$9,860,000. The average annual loss to depositors has been therefore
about $448,000 in the business of corporations having from year to year
an average capital of about $450,000,000, which corporations have been
responsible for the safe keeping of deposits in their hands averaging
constantly over $800,000,000. The annual average loss to depositors of
all the national banks is therefore not in excess of one-twentieth of 1
percent.
The total amount so far paid to creditors of insolvent national banka
has been $25,651,390 upon proved claims amounting to $43,159,252.
The amount paid during the year has been $2,151,868.
Assessments amounting to $9,812,750 have been made upon stockholders of the insolvent national banks to enforce their individual liability under section 5151 of the Revised Statutes of the United States.
From this source $3,982,627 has been collected; $348,670 of this amount
during the past year.
Reference is again made to the tables in the Appendix, showing national banks which have been placed in the hands of receivers, the
amount of their capital, of the claims proved, and the rates of dividends
paid, and also showing the amount of circulation of such banks issued,
redeemed, and outstanding.



REPORT OF THE COMPTROLLER OF THE CURRENCY.

41

As stated in his last report:
" It is the intention of the Comptroller to rigidly enforce the bank act and to call
the attention of the Department of Justice to any criminal violations of the same,
but experience has proved that it is difficult, not only under the bank act, but generally under criminal statutes, to always obtain sufficient evidence to convict offenders.
The Comptroller is of the opinion that, with a few exceptions, the national bank act
has adequate provisions for the prosecution and conviction of those who lay themselves liable to its penalties. As stated elsewhere, bank failures are not so much due
to the inadequacy of the law as to the failure on the part of the officers and directors
to maintain a proper supervision of the affairs of their associations."
TAXATION.

The only United States tax now paid by the national banks is the
semi annual duty of one-half of 1 per cent, upon the average amount of
their notes in circulation during the preceding six months. The prohibitory tax of 10 per cent, upon State bank circulation paid out, as
provided by section 3412 of the Revised Statutes, is also still in force.
Section 5173 of the Revised Statutes provides that the expenses of the
Bureau of the Comptroller of the Currency, including those of the
plates and dies used for the printing of national-bank notes and of the
printing of such notes, shall be paid out of the proceeds of the tax on
circulation.
The act of June 20, 1874, provides for the redemption of nationalbank notes in the office of the Treasurer of the United States; that the
cost of such redemptions shall be paid by the banks; and that the cost
of the plates for printing, up to that time paid out of the proceeds of
the tax on circulation, shall thereafter be paid from the proceeds of an
assessment upon the banks. Section 6 of the act of July 12, 1882, for
extending the corporate existence of national banking associations,
provides that the cost of engraving plates for the issue of circulation
of new design, required by the section, should also be paid by the banks.
It was the evident intention of the enactors of the original banking law
that all the expenses which were incurred by the Government in preparing circulation to be issued to national associations, as well as the
expenses of carrying on the Bureau of the Comptroller of the Currency
and enforcing the restrictions of the national banking laws, should be
defrayed from the tax on circulation. As has been seen, this principle
was changed by the act of June 20,1874, which, without abolishing the
tax on circulation, imposed on the banks the expense of the redemption
of their notes and preparation of their plates, and this course was also
followed in the act of July 12, 1882.
The Comptroller in his last annual report suggested that, inasmuch
as the constant contraction of the volume of the national-bank currency
was due in great measure to the fact that under present conditions banks
can make but a nominal profit from the issue of circulation, a ready
and simple way to prevent a further diminution of the volume of national-bank notes would be to abolish this tax, and also that if this tax
were abolished the expenses of the Bureau of the Comptroller of the
Currency could be paid by a pro rata assessment on the banks, as is now
done in the case of the redemption of their notes by the Treasurer of
the United States and in the case of the expenses of preparing plates
for printing notes.
The total expense of the Office of the Comptroller of the Currency
from the date of its organization to June 30,1885, has been $6,060,227.37,
and the expense for the year ending on that date $225,29*3.38. From
the tax on circulation for the year ending June 30, 1885, $2,794,584.01
was realized by the United States Treasury.



42

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

The total taxes collected from the national banks to the end of the
present fiscal year are shown in the following table:
jOn circulation. O n deposits.

Years.
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885

|
I

$53,193 32
733,247 59
2,106,785 30
! 2,868,636 78
2,946,343 07
2,957,416 73
2,949,744 13
2,987,021 69
3,193, 570 03
3,353,186 13
3,404,483 11
3,283,450 89
3,091,795 76
2, 900, 957 53
1 2,948,047 08
3,009,647 16
3,153,635 63
3,121,374 33
3,190,981 98
3, 132, 0U6 73
3,024,668 24
2,794,584 01

O n capital.

$95,911 87 $18, 432 07
1,087,530 86
133,251 15
2, 633,102 77 406, 947 74
2, 650, 180 09
321, 881 36
2, 504,143 44
306, 781 67
2, 614, 553 58
312, 918 68
2. 614, 767 61
375, 962 26
2, 80J, 840 85 385,292 13
3,120, 984 37 389, 356 27
3,196, 569 29 454,891 51
3, 209, 967 72 469, 048 02
507,417 76
3,514,265 39
3, 50:>, 129 64 632,296 16
660, 784 90
3,451,965 38
3,273, 111 74 560, 296 83
3, 309, 668 90 401,920 6L
4,058,710 61 379, 424 19
4, 940, 945 1 • 431,233 10
>
437, 774 90
5,521,927 47
*2, 773, 790 46 *269, 976 43

Totals.
$167, 537 26
1, 954, 029 60
5,146, 835 81
5, 840, 698 23
5, 817, 268 18
5, 884, 888 99
5, 940, 474 00
6, 175, 154 67
6, 703, 910 67
7, 004, 646 93
7, 083, 498 85
7, 305,134 04
7,229,221 56
7,013,707 81
6, 781, 455 65
6,721,236 67
7, 591, 770 43
8, 493, 552 55
9, 150, 684 35
6,175, 773 62
3, 024, 668 24
2, 794, 584 01

61,204,777 22 60, 940, 067 16 7, 855, 887 74 130, 000, 732 12

Aggregates .

* Six months to June 1, 1883.

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

Years.
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1882*

«

Aggregates

$2, 056, 996 30
1,993,661 84
990,278 11
214, 298 75
28, 609 88
16, 56 j 05
15,419 94
22,781 92
8,919 82
24, 778 62
16,738 26
22, 746 27
17, 947 67
5,430 16
1,118 72
13, <*03 29
28. 775 37
4, 295 08
4, 285 77
5, 487, 608 82

On deposits.
$780, 723
2,043,841
2, 099, 635
1,355,395
1, 438, 512
1,734,417
2,177, 576
2,702, 196
3,643,251
3, 009, 302
2, 453, 544
2, 972, 260
2, 999, 5.0
2, 896, 637
2, 593, 687
2,354,91)
2, 510,775
2, 946.9H6
4. 096, 102
1, 993, 026

52
08
83
98
77
63
46
84 •
71
79
26
27
75
93
29
74
43
64
45
02

48, 802, 237 39

On capital.

Totals.

98
11
73
90
49
21
77
61
05
15
58
61
24
84
56
48
35
25
53

$2, 837, 719 82
4, 940, 870 90
3, 463, 988 05
2, 046. 562 46
1,866, 745 55
2, 196, 054 17
3, 020, 083 61
3, 644, 241 53
4, 628, 229 14
3,771, 031 46
3, 387, 160 67
4, 097, 248 12
4, 006, 698 03
3, 829, 729 33
3, 492. 031 85
3, 198, 883 59
3, 350, 985 28
3, 76">, 208 07
5, 253, 458 47
2, 482, 059 55

14, 986,143 44

69, 275, 989 65

$903, 367
374,074
476, 867
399, 562
445,071
827, 087
919,262
976, 057
736, 950
910, 878
1,102,241
989,219
927, 661
897,225
830, 068
811, 436
811,006
1, 153, 070
489, 033

* Six months to November 30, 1882.

STATE TAXATION OF NATIONAL BANKS.

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



REPORT OF THE COMPTROLLER OF THE CURRENCY.

43

In view of the recent decision of the United States Supreme Court in
the case of Boyer v. Boyer, and the action of the New York banks in
seeking- the protection of the courts against the alleged discriminating
taxation of their shares by the city of New York for the year 1885, it is
deemed best to give in this report a brief resume of the law authorizing State taxation of national-bank shares, and the most important decisions of the courts construing this law.
The original national currency act of February 25, 1863, contained
no provision authorizing the States to tax national banks in any
manner whatever. The number of banks organized under this act was,
however, comparatively small, and the capital small compared with
the capital invested in banks organized under State laws, over which
the States had full power of taxation. Much of the opposition to the
national system at the time of its inception was manifested by those
who regarded it as hostile to the State systems, and as a step toward
the removal of one objection, at least, to the State systems becoming
merged in the national, Congress seems to have regarded it as necessary to grant to the States the authority to tax national banks. At an
early day the Supreme Court of the United States had held that the
States had no power to impose taxes on corporations created by Congress, and the same court has since held that the States cannot impose
any tax whatever on national banks without the authority of Congress.
(Williams v. Assessors.)
The power to tax national bank shares was granted, and the method
of imposing such tax indicated by three provisos attached to section 41
of the act of June 3, 1864, by which the original act of February 25,
1863, was superseded. Under this law, shares of national-bank stock
were made liable to assessment by State authority at the place where
the bank was located, but not at a greater rate than was assessed upon
other moneyed capital in the hands of individual citizens of such State,
and the tax imposed was not to be at a greater rate than was imposed
upon the shares of banks organized under State law. Real estate belonging to a national bank was to be taxed as other real estate was
taxed.
The question that appears to have first arisen as to the proper construction of the law permitting State taxation of national bank shares, was in
regard to the exemption of United States bonds held by national banks,
in arriving at the value of the shares liable to taxation. The Hon. Freeman Clarke, then Comptroller of the Currency, in his report to Congress
for the year 1865, took strong ground in favor of the exemption of United
States bonds held by the national banks. He claimed that unless such
bonds held by'a national bank were deducted from its capital in order
to arrive at the value of the shares liable to taxation, the States exercised indirectly the right of taxing United States bonds, although
such bonds were exempted by law from direct state taxation, and that
thus bonds held by national banks were taxed while those held by individuals were exempted. He says, in regard to the ground taken by
some, that a tax on the shares was not a tax upon the securities represented by those shares; "that the position assumed by those who favor
this hypothesis will be found, upon critical examination, to be fallacious
can scarcely admit of a doubt."
The point came before the United States Supreme Court for decision
in Van Allen v. Assessors (3 Wall., 573), and it was decided by the majority of the court that a share of national bank stock was a distinct
thing from the capital of the bank, which capital may be invested in



44

REPORT OF THE COMPTROLLER OF THE CURRENCY.

United States bonds—that the shares are property in the hands of individuals, while the corporation is the legal owner of all the property
of the bank, real and personal.
The interest of the shareholder entitles him to participate in the
profits of the corporation while the latter is in existence, and also upon
its dissolution to receive his proportionate share of such property a&
may remain after the payment of its debts. It is this entire interest
that Congress has left subject to taxation by the States, and not such
portion as might remain were the amount invested in United States
bonds deducted from capital.
The court also held in this case that a New York statute, assessingshares of national banks for purposes of taxation at the same rate at
which other moneyed capital was assessed, the tax not to exceed the par
value of the shares, was void, because it was contrary to the provisions
of the Federal law—that taxation of national bank shares was not to be
at a greater rate than was imposed on State bank shares.
The State banks in New York were not taxed on their shares, but on
capital, from which the deduction of the amount invested in United
States securities was allowed, while this deduction could not be made
to reduce the value of national bank shares. The question then arose
in a new form. Inasmuch as the law provides that shares of national
banks shall be assessed at the same rate as other moneyed capital in
the hands of individual citizens, and inasmuch as United States bonds
and securities are exempt in the hands of individual citizens ; when the
capital of national banks is invested in United States bonds, is not
the State tax on their shares invalid ? The United States Supreme
Court in People v. Commissioners (4 Wall., 244) decided that under such
circumstances the State tax on national bank shares was valid. Under
these two decisions it is apparent that no deduction can be made from
the value of shares of national banks on account of the exemption from
tax of some of the assets in which their capital may be invested. This
principle will apply to United States notes and to United States or
other securities which may by law be exempt from taxation.
The next important case bearing on this matter decided in the United
States Supreme Court was that of Lionberger v. House. This turned
upon the construction of that portion of the Federal law providing that
the tax on national-bank shares should not be at a greater rate than
was imposed on the shares of State banks. The point raised was that
the State of Missouri taxed some State banks less than others. These
lightly taxed banks, holding an inconsiderable portion of the banking
capital of the State, were organized under special charters, granted
prior to the commencement of the national system, which the State had
no power to change. There was no discrimination as between nationalbank shares and those of State banks not so specially exempted. The
court construed the clause of theFederal law in question to mean only
that the State, as a condition to the exercise of the power to tax the
shares of national banks, shall, as far as it has the capacity, tax in like
manner the shares of banks of its own creation.
The act of February 10,1868, was passed to further define the place
and manner of taxation of national bank shares, amending section 41
of the act of June 3,1864. It may perhaps be regarded as superseding
that section to the extent of dropping out the proviso that shares of
national banks shall be taxed at a rate no greater than is imposed on
the shares of State banks. This appears to be the view taken by Congress in 1873, when approving the Revised Statutes, as in those statutes



REPORT OF THE COMPTROLLER OF THE CURRENCY.

45

this proviso is not included. Section 5219, which now embodies the
law on State taxation of national-bank shares, is as follows:
SEC. 5219. Nothing herein shall prevent all the shares in any association from
being included m the valuation of the personal property of the owner or holder of
such shares, in assessing taxes imposed by authority of the State within which the
association is located; but the legislature of each State may determine and direct the
manner and place of taxing all the shares of national banking associations located
within the State, subject only to the two restrictions, that the taxation shall not be
at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State, and that the shares of any national banking association owned by non-residents of any State shall be taxed in the city or town where
the bank is located, and not elsewhere. Nothing herein shall be construed to exempt
the real property of associations from either State, county, or municipal taxes, to the
same extent, according to its value, as other real property is taxed.

The validity of State taxation on national bank shares, is under this
section, to be determined solely by the inquiry whether it is at a greater
rate than is assessed upon other moneyed capital in the hands of individual citizens. There has, however, been great difficulty in so regulating the taxation of national-bank shares by the States as to conform
strictly to the intent of this law. As a consequence, in many of the
States, national-bank shares, in the assessment and collection of taxes,
have, it is alleged, been in different ways subjected to severe and
unjust discrimination, as compared with other moneyed capital. Some
of the methods of discrimination are as follows:
(1) Differences are made in the valuation of national-bank shares for
purposes of assessing taxes, as compared with the valuation of other
moneyed capital for the same purpose.
(2) Theindividual holders of other moneyed capital have been allowed
to make deductions on account of certain exemptions, such as debts
owed by such individual holders, when holders of national-bank shares
were not permitted to deduct their debts.from the value of such shares.
(3) In the different States distinctions are made in the taxation of
various kinds of moneyed capital, other than national-bank shares, in
the hands of individual citizens, and the standard by which the taxation
of national-bank shares is to be legally measured becomes thus confused.
Many forms of moneyed capital in the hands of individual citizens are
altogether exempted by law from taxation, while national-bank shares
are taxed. The difficulty arises in deciding by which class of moneyed
capital the tax on national bank shares is to be guided": Whether there
is to be no tax, as in case of exempted moneyed capital; a less tax, as in
case of the class of moneyed capital taxed at a less rate; or a greater tax,
as in case of the class of moneyed capital taxed at a greater rate.
All of these forms of discrimination have been passed on in litigation
which lias come before the United States Supreme Court.
In Ohio the law provided certain State boards for equalizing the taxation on real estate, on railroad capital, and on capital invested in
bank shares; but there was no State board for equalizing the taxation
on personal property, other than bank shares, railroad stock, or other
moneyed capital. The equalization as to all other personal property
assessed ceased with the county boards of equalization, but the county
boards throughout the State fixed the valuation of moneyed capital
for purposes of taxation at six tenths of its true value, while the State
board fixed the taxable value of bank shares at their actual cash value.
The rates of taxation being the same, bank shares were discriminated
against to the extent of four tenths of their value. In New York the
law permitted the deduction of just debts of an individual from his



46

REPORT OF THE COMPTROLLER OF THE CURRENCY.

personal property, including his moneyed capital, excepting only his
bank shares.
In Pelton v. Commercial National Bank of Cleveland (101 U. S., p.
143), and in Cutninings v. Merchants' National Bank of Toledo (101
U. S., p. 153), the United States Supreme Court decided the question or' discrimination arising under the laws of Ohio. *In those cases
it was held that a tax upon national-bank shares valued for taxation
at a higher rate than other moneyed capital was invalid, and that upon
payment of the amount justly assessable a court of equity would enjoin
the collection of the residue, but that the bank must pay the portion
of the taxes justly due.
In People v. Weaver (100 U. S., p. 539), a case arising under the New
York law, the Supreme Court decided that the word rate in the provision of section 5219 United States Revised Statutes, that taxation
shall not be at a greater rate than is assesssd upon other moneyed captal in the hands of individuals, applies to and includes as well the valuation of shares for taxation, as the rate of taxes to be imposed; and that the
law of the State of New York, which permitted a party to deduct bis just
debts from the value of all his personal property, except his nationalbank shares, was void as to the taxation of such bank shares. The
case of Evansville Bank v. Britton (104 U. S., p. 323), arising under the
law of Indiana, taxing national-bank shares, supports tbe same doctrine. These cases disposed of the first two forms of discriminations
already mentioned, and pointed out the proper remedy to be pursued
by banks in avoiding the payment of taxes illegally assessed. Supervisors v. Stanley (104 U. S., p. 305) decides questions arising as to the
recovery of excessive taxes which have been paid by the shareholders
of national banks.
Under the third class of discrimination—where doubt as to the
proper taxation of national-bank shares arises from the fact that under
State law a discrimination is made in taxing different classes of other
moneyed capital in the hands of individual citizens—the important
cases decided in United States Supreme Court are Lionberger v. Rouse
(9 Wall.), already mentioned ; Hepburn v. School Directors (23 Wall.r
480), and the recently decided case of Boyer v. Boyer. In Lionberger v. Rouse a discrimination was made by the State in taxing shares
of banks organized under its own laws—one class of banks being
taxed at a higher rate than another. At that time, as has been seen,
the law in force measured the taxation of national bank shares by the
taxation of State-bank shares, and in this case the United States Supreme Court held a tax on national-bank shares to be valid which did
not exceed the tax imposed upon the larger bulk of State-bank shares.
In Hepburn v. School Directors (23 Wall., 480) it was held by the United
States Supreme Court that the exemption by State law from taxation
of a small portion of other moneyed capital in the hands of individual
citizens was not a reason for exempting uational-bank shares from
taxation. In this case also it was held that shares of national banks
might be taxed at an amount exceeding their par value, if their market
value exceeded their par value.
In the case of Boyer v. Boyer, the Supreme Court decided that if
the great bulk of moneyed capital in the hands of individual citizens
is exempted by State law from municipal taxation, that under the law
of Congress national-bank shares must be exempted also. The court
says that cases will arise in which it will be difficult to determine
whether the exemption of the particular part of moneyed capital in
individual hands is so serious or material as to infringe the rules ot



REPORT OF THE COMPTROLLER OF THE CURRENCY.

47

substantial equality—that a proper construction of the act of Congress
forces the conclusion that capital invested in national-bank shares was
intended to be placed upon the same footing of substantial equality
in respect to taxation by State authority, with other moneyed capital
in the hands of individual citizens, however invested. The court proceeded to say:
Upon such facts, and in view of the revenue laws of the State, it seems difficult to
avoid the conclusion that, in respect of county taxation of national-hank shares,
there has been and is such a discrimination in favor of other moneyed capital against
capital invested in such shares as is not consistent with the legislation of Congress.
The exemptions in favor of other moneyed capital appear to be of such a substantial
character in amount as to take the present case out of the operation of the rule that
it is not absolute equality that is contemplated by the act of Congress; a rule which
rests upon the ground that exact uniformity or equality of taxation cannot in the
nature of things be exp cted or attained under any system. But as substantial
equality is attainable, and is required by the supreme law of the land, in respect of
State taxation of national-bank shares, when the inequality is so palpable, as to show
that the discrimination against capital invested in such shares is serious, the courts
have no discretion but to interfere.

Having in view this last decision, the banks of the city of New York,
after due investigation of the subject by a committee* appointed for the
purpose, have arrived at the conclusion that the valuation of their
shares for purposes of taxation is illegal and void, for the reason that
the greater portion of moneyed capital in the hands of individual citizens in the city of New York is, under the laws of that State, exempt
from municipal taxation.
Suits have been brought in equity, and the bill in each-case asks for
an injunction from collecting any taxes from the bank or from the individual shareholders until a final hearing of the cause.
The question is frequently asked this office, whether national-bank
notes in the hands of individual citizens are liable to State taxation.
Section 3707 of the Kevised Statutes provides that all stocks, bonds,
Treasury notes, and other obligations of the United States shall be exempt from taxation by or under State or municipal or local authority.
In section 5413, Revised Statutes, the words uobligation of the United
States" is held to include national bank currency. The question of the
taxability of national bank currency arose in the case of the Board of
Commissioners in Montgomery County v. Elston (32 Ind., 27), and
it was decided by the Supreme Court of the State that national-bank
currency is not exempt from taxation by the State. The court held that
the provision of law making national currency an obligation of the
United States, only intended to throw around national currency the
same guards against counterfeiting that were by law provided for obligations of the United States, and not to generally define national currency as an obligation of the United States.
In the case of Home v. Greene, in the Supreme Court of the State of
Mississippi (52 Miss., 452), it was decided that the circulating notes of
national banks are not subject to State taxes. The question, therefore,
still appears to be an open one.
LOANS AND RATES OF INTEREST.

The following table gives the classification of the loans of the banks
in the city of New York, in Boston, Philadelphia, and Baltimore, in the
* Report of John Jay Knox, Edmund D. Randolph, and W. P. St. John, tax committee, on the recent decision of the Supreme Court of the United States, New York
June 9, I d 5



48

REPORT OF THE COMPTROLLER OF THE CURRENCY/

other reserve cities, and in tbe remaining banks of the country at corresponding dates in each of the last three years:
OCTOBER 2, 1883.

Classification.

48 banks.

103 b a n t s .

97 banks.

2,253 banks.

2,501 banks.

$2, 093, 526

$623, 679

$1, 972, 232

$5, 033, 774

29, 638, 276

23, 099, 682

41, 518, 741

188, 578, 304

19,147, 049
129, 546,152

24,684,110
146, 149, 205

17, 259, 584
110,381,881

87, 910, 589
574, 760,143

149,001,332
960, 837, 381

245,108, 332

Totals

$344, 337

94,321,605

On TJ. S. bonds on demand
On other stocks, bonds, &c», on
demand
On single-name paper without
otlu r security
All other loans

200, 815, 928

151, 364, 826

706,161, 705 1, 303, 450, 791

SEPTEMBER 30, 1884.

Classification.

44 banks.

104 banks.

99 banks.

I

2, 417 banks. 2, 664 banks,

$2, 933, 785

$268, 396

25, 763, 605

18, 573, 905

34, 050, 829

148,193, 554

12,559,441
120,054,836

22, 458, 370
150, 372, 086

16, 239, 550
107, 543,129

83, 816, 871
574, 016, 071

135, 074, 232
951, 986,122

205, 353, 277

Totals .

$644,017

69,805,215

On U. S. bonds on demand
On other stocks, bonds, &c, on
dem-.ind
On single-name paper without
other security
All other loans

199, 238, 078

142, 624, 980

692, 854, 462

1, 240, 070, 797

$970, 691

$4. 816, 889

OCTOBER 1, 1885.

Classification.

44 banks.

On U. S. bonds on demand
On other stocks, bonds, & c , on
demand
On single-name paper without
other security
All other loans'
Totals

;3,286,124 I

105 banks.
$190,195 '

98 banks.
$585,154

2,467 banks. 2. 714 banks.
$504,134

$4, 565, 607

80, 687, 265

33,157,319

25,421,092

34, 036, 931

173, 302, 607

25, 331, 820
127,518,389

34, 806, 254
150, 270, 503

18, 480, 233
106, 948. 959

92, 873, 780
507, 057, 152

171, 492, 087
951, 795, 003

I 236,823,598

218,4-'4,271

151, 435, 438

694, 471, 997 1, 301,155, 304

In the table below is given a full classification of the loans in New
York City alone for the last five years:
October 1,
1881.

October 3,
1882.

October 2,
1883.

September
30, 1884.

October 1,
1885.

48 banks.

50 bank s. .

48 banks.

44 b a n k s .

44 b a n k s .

Loans and discount.

On endorsed paper
On sinyle-named psiper
On U. S. bonds on demand . . .
On other stncks,&c., on demand
On re;.l-estate security
All other loans
'.
Totals

$L12, 049, 004
2<5, 9:5">, 87H
2, r>3M, 9 . 8
97,249, 162
230. 100
7, 747, 5»7
216,757,659

$118,692, 651
- 21,203, f>73
1, 707, (587
89, 532, 7i 52
3 4, 7:52
7, 600, 487

$121,644, 201
19, 147. 051

239, 041, 892

245,108, 332

2, QiM,
94,321,
184,
7,717,

527
605
(583
265

062
443
7K5
215
:;97
375

$114,013,775
25,331,820
3.286, 124
80, 687, 265
215,385
13, 289, 229

205, 353, 277

236, 823, 598

$116,
1'-,
2,
69,

010,
5">9,
im,
80.%
1G3
3, 881,

In previous reports the attention of Congress has been called to the
provisions of section 5200 of the Revised Statutes, which place restrictions upon loans, and to the difficulty of enforcing the same. In cities
where large amounts of produce are received and stored it is claimed to



REPORT OF THE COMPTROLLER OF THE CURRENCY.

49

be impossible for the banks to transact this class of business so long as
they are restricted to loans to an amount not exceeding1 in any case onetentk of their capital. While it is true that the limitation prescribed
does not apply to loans upon produce in transit where the drafts are
drawn on existing values, yet if the produce is stored instead of being
shipped, loans in excess of the one-tenth limit cannot be made except in
violation of law. in such a case the Comptroller has no means of enforcing the law except by bringing suit for forfeiture of charter, which
might result in great embarrassment to business, as well as loss to innocent stockholders, It seems evident that the law should be so amended
as to permit legitimate loans upon United States bonds, produce or warehouse receipts, and some other classes of collateral security.
HATES OF INTEREST IN NEW YORK CITY AND OF THE
ENGLAND AND THE BANK OF FRANCE.

BANK OF

The average rate of interest in New York City for each of the fiscal
years from 1875 to 1885, as ascertained from data derived from the
Journal of Commerce and the Commercial and Financial Chronicle, was
as follows:
1875, call loann, 3.0 per cent. ; commercial paper, 5.8 per cent.
1876, call loans, 3.3 per cent, ; commercial paper, 5.3 per cent.
1877, call loans, 3.0 per cent.; commercial paper, 5.2 per cent.
1878, call loans, 4.4 per cent. ; commercial paper, 5.1 per cent.
1879, call loans, 4.4 per cent.; commercial paper, 4.4 per cent.
1880, call loans! 4.9 per cent. ; commercial paper, 5.3 per cent.
1881, call loans! 3.8 per cent.; commercial paper, 5 0 per cent.
188 2J call loans 4.4 per cent. ; commercial paper, 5.4 per cent.
1883, call loans! 5.7 per cent. .; commercial paper, 5.7 per cent.
1884, call loans 2A per cent, ; commercial paper, 5.(> per cent.
1885, call loans! 2.3 per cent.; commercial paper, 5.5 per cent.*

The average rate of discount of the Bank of England for the same
years was as follows :
During the calendar year ending December 31, 1-574, 3.09 per cent.
During the calendar year ending December 31. 1875, 3.23 per cent.
During the calendar year ending December 31, 1870, 2.GI per cent.
During the calendar year ending December 31, 1.877, 2.91 per cent.
During the calendar year ending December 31, 187ri,3,78 per cent.
During the calendar year ending December 31, 1879, 2.50 per cent.
During the calendar year ending December 31, 1880, 2.70 per cent.
During the calendar year ending December 31, 1881, 3.49 per cent.t
During the calendar year ending December 31, 1882, 4.10 per cent.t
During the calendar year ending December 31, 1883, 3.57 per cent.t
During the calendar year ending December 31, 1884, 3.18 per cent.§
From December 31, 1884, to September 30, 1835, 2 per cent.$

From December 31,1884, the rate of discount of the Bank of England
was uniform at 2 per cent. The average rate of interest in New York
City for the four months previous to November 1, 1885, was, according
to the Financial Chronicle, on call loans about 2 per cent, and on commercial paper about 4.3 per cent., and the rate of interest on October 31,
1885, was on call loans 2.5 per cent, and on commercial paper 4.75 per
cent. The rate of discount in the Bank of France, which was lowered
from 4 to 3J per cent, on March 23,1882, was.lowered to 3 per cent, on
February 23, 1883, and the general council of the bank reported on
* From the Financial Chronicle. Maximum rate.
tFrorn the Financial Chronicle only.
tFrora the London Bankers' Magazine.
§ From the London Economist.

5745 CUR



4

50

REPORT OF THE COMPTROLLER OF THE CURRENCY.

January 29, 1885, as stilted in the London Bankers' Magazine, that this
rate of discount had stood since the former date, ami that they had endeavored for the advantage of business to maintain rhe position of a
fixed rate, and fortunately succeeded in doing so during the year 1884.
The number of trade bills admitted to discount in the bank of France
-during the year 1884* was 5,144,035, representing1 the sum of
$907,870,300. * Of this number of bills there were 14,327 biljs of $2.08
and under, 661,895 bills from $2.29 to $10, 905,293 bills from $10.2L to
#20, and 3,563,120 bills above $20; that is to say, nearly a third in
bills under $20.21. The number of trade bills under $20 steadily increases. In 1880 there were 1,014,412 of these small discounted bills,
in 1881 1,160,945, in 1882 1,224,326, in 1883 1,349,270, and in 1884 they
increased to 1,581,515. The report by the governor of the Bank of
France for the year 1884 states that the proportion of the discounts
for retail trade in Paris has continually increased during the past year.
DIVIDENDS AND EARNINGS.

The large number of mercantile failures which have occurred during
1884 and 1885 have not apparently injured or weakened the national
banks, the aggregate surplus funds and undivided profits having been
but slightly reduced. The aggregate surplus of 2,664 banks on September 30, 1884, amounted to $147,055,038, and the undivided profits to
#63,234,238.
At the close of business October 1, 1885, the aggregate surplus fund
of 2,714 banks amounted to $146,624,642, and the undivided profits to
$59,335,519, showing a decrease in surplus of $430,396, aud in undivided
profits of $3,898,719.
The following table shows the losses of national banks from September 1, 1880, to September 1, 1885, and the ratio of losses to the aggregate capital employed :
Semiannual dividend periods.
September 1, 1880, to March
March 1, 1881, to September
September 1, 1881, to March
March 1, 1882, to September
September 1, 1882, to March
March 1. 1883, to September
September 1, 1883, to March
March 1, 1884, to September
September 1, 1884, to March
March 1, 1885, to September

1, 1881
1, 1881
1, 1882
1, 1882
1, 1883
1, 1883
1, 1884
1, 1884
1, 1885
1, 1885

Capital.
$456, 844, 865
458, 934, 485
460, 354, 485
47:1,947,715
483, 091, 342
494,640,140
507, 969, 300
518, 605, 725
522,899,715
524, 599, 602

Losses.
$5, 007, 297
5,462.713
3, 886, 836
4,412,575
4, 640, 865
6,146, 294
5, 593, 691
11, 377. 293
9,973,101
8, 739, 420

Number

Ratio. of banks.
1.10
1.19
0.84
0.93
0.96
1.24
1.10
2.19
1.91
1.67

2,087
2,100
2,137
2,197
2,267
2,359
2,491
2,582
2,650
2,665

The following tables havabeen compiled in order that comparisons may
he made between the annual dividends paid by the national banks of the
United States and those paid by banks in foreign countries to their
stockholders, and indicate that the average dividends and earnings of
* London Bankers' Magazine, August, 1885, p. 698.




REPORT OF THE COMPTROLLER OF THE CURRENCY.

51

the national banks in the United States are as a rule less than the
dividends of joint-stock banks of other countries :
FOREIGN BANKS.

Paid np
capital.

Bank.

*£

Bank of Eno-land
London and partly pro
vinoial banks.
Yorkshire and Northera.
Lancashire and Cheshire.
Midland and Eastern..
Welsh and West of
England.
Bank of Scotland
Scotch banks
Bank of Ireland.
Irish banks
Colonial banks.
Australasian
Canadian
Eastern
South A frican
West Indies

Ano;lo-Continental
banks.
[Russian banks
Austro-Hunjrariau . .

075, 000
^on
917,720
458, 457
933, 400

14

I

12
10

i

j 67,173, 039
| 47, 332, 3i 6
j 3U, 552, 472
| 6, 5<H, 000
{ 2, 916, 000

10
10

i

in

$5,603,580 I
20, 988, 009
35, 370, 000

Anst ro- H u n g a r i a n 3.', 619, 000 I
banks.
9, 650, 000
Banque Rationale
10,562, 066
iiel^ian banks
35, 222, 500
BauqiiH de Fiance
114,352, 500
French banks
Deutsche Reiclia bank 28, 56w, 000 !
German banks - . . 7.. 52,407, 600 |
Barn a Nazionale d 38, 600, ooo I
Ita'ia.
Italian banks
15, 440, 000 i
8, 202, 500
Swi.ss banks
3, 860, 000
Spanish bank
24, 300, 000
Imperial Ottoman
18, 715, 512
Turkish banks

11
21
9

6i

8*
13|

8
6*

NATIONAL BANKS IN THE UNITED STATES.
City of Boston
fr50, 950, 000
New England States 115,584.370
City of New York .. 46, 250, 000
1, 775, 000
City of Albany
City of Philadelphia 18, 058, 000
City of Pittsburgh . 10, 179, 600
City of Baltimore .
% 11, 713, 260
City of Washington
1,125, 000
Middle States
83, 958, 888
City of New Orleans. 3, 525, 000
City of Louisville
3, 551, 500

5.5
7. 1
8.8
9.5
9.1
7.4
7.4
6.8
7.7
7.9
6.8

Southern States . . .
City of Cincinnati .
City of Cleveland.
City of C hicasco
City- of Detroit
City of Milwaukee.
City of Saint Louis
Western States
City of San Francisco
Pacific States and Territories

35, 997, 850
8, 600, 000
ft, 932, 050
11, 150, 000
2, 6r>0, 000

8.1
6.4
5
9.2
9.3
11.4
6.3
8.8

11, 831, 000

9.4

650, 000
3, 250, 000
95, 518, 140
1, 500, 000

The information in regard to the foreign banks has been derived from
the London Bankers' Magazine for October, 1885, and is to the latest
obtainable date. The principal bank in each country is given separately, and the dividends paid by other banks in the same country are
averaged. Similar statements of the national banks of the United
States are by geographical divisions, the reserve cities in each being
given separately, and the dividends paid by all other banks in the same
division are averaged.
Farther particulars in relation to dividends paid by the national
banks in the United States will be found in a table given in the Appendix.
TRANSACTIONS OF THE NEW YORK CLEARING-HOUSE.

The New York Clearing-House Association is composed of 43 national and 21 State banks and the assistant treasurer of the United
States at New York. Through the courtesy of Mr. W. A. Gamp, its
manager, a statement of the transactions during the year ending Octo


REPORT OF THE COMPTROLLER OF THE CURRENCY.

ber 1, 1885, has been obtained, which shows that the total exchanges
were more than $25,000,000,000, while the balances paid in money were
over $1,295,000,000. The daily average balances paid were $4,247,009,
or about 5.1 per cent, of the amount of the settlements.
The balances paid in money during the year consisted of $120,436,000
in clearinghouse certificates of the Bank of America; clearinghouse
certificates for legal-tender notes amounting to $405,900,000; legaltenders amounting to $212,643,251; and United States gold certificates
$556,376,000. Since the d ite of the issue of the new gold certificates
(October 4, 1883), authorized by the act of July 12, 1882, the greater
portion of the balances due from the Government, have been paid in
these certificates instead of coin, thus dispensing with the movement
of large amounts in bags and upon drays from the Treasury to the custody ol the banks. During the six months ending November 1, 1884,
a portion of the balances du^ from the Treasury of the United States
were paid in legal-tender notes, and during the past year the amount of
gold certificates of the United States and of the Bank of America received inpayment have decreased, while the balances paid in clearinghouse legal-tender certificates and legal-tender notes amount to nearly
one-half of the entire money balances paid.
The following table shows the yearly transactions of the New York
Olearing-House for the thirty-two years since its organization in 1853,
and the amounts and ratios of currency required for the payment of
daily balances:
No. of
banks.

Years.

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

•..

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

Capital.*

$47, 044, 900
48, 884,180
52, 883, 700
64, 4'20,200
67,146,018
67,921,714
69, 907, 435
68, 900, 005
68, 375, 820
08, 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
t70,014,239

Exchangof*.

$5, 750, 455, 987
5,362,912,098
0,906,213,328
8,333,226,718
4, 756,1)64, 386
."), 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

Balances paid
in money.

$297,411,494
289, G94, 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
,035,76"), 108
1,066,135,106
1,144,903,451
1,125, 455, 237
1,120, 318, 308
., 036, 484, 822
,209,721,029
., 428, 582, 707
., 474, 508, 025
]L 286, 753,176
,
, 408, 608, 777
L 295, 042, 029
,
, 373, 996, 302
., 307, 843, 857
L 400, 111, 063
,
,516,538,631
,776,018,162
, 595, 000, 245
,568,983,196
1, 524, 930. 994
1,295,355,252

J 744, 695,238, 867 +32,669,426,493

Average
daily
exchanges.

Average
daily balances paid
iu money.

$19,104, 505
17,412,052
22, 278,108
26, 968, 371
15,393,736
20, 867, 333
23, 401, 757
19,269,520
22, 237, 082
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

$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

175, 850,909

13,327,968

Ratios.

Per ct
6.2
5.4
4.8
4.4
6.6
5.6
5.3
6.0

! 6.0
4.6
3.7
4.0
8.7
4.0
4.0
8.0
3.7
4.1
4.2
4.1
5.7
5.6
5.9
5.9
5.8
5.6
4.1
3.5

a4

3.9
4.5
5.1
4.4

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




REPORT OF THE COMPTROLLER OF THE CURRENCY.

53

The total amount of transactions for the thirty-two years given in the
table is $744,695,238,867, and the annual average is $23,271,726,214.
The clearing-house transactions of the assistant treasurer of the
United States at New York for the year ending October 1, 1885, 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

$259,935,584 08
114,051,016 05
146,724,869 08
840, 301 05
145, 884,568 03

A table compiled from statements made by the New York clearinghouse, giving the clearances and balances weekly from September 4,
1880, to October 31, 1885, inclusive, will be found in the Appendix, and
is valuable for purposes of comparison.
The following interesting table has been copied from the Commercial
and Financial Chronicle of New York City, of November 7, 1885, which
gives information concerning the exchanges at New York and other
cities having clearing houses for the week ending October 31, comparing them with those for the corresponding week in 1881:, and showing
the percentage of differences. The exchanges at the same places for the
month ending October 31, 1885, are also given with the percentage of
differences resulting from a comparison with the exchanges for the same
month of the previous year:
Week.
1885.

New York
Boston
Chicago.
Philadelphia
Saint Louis
Sau Francisco.....
New Orleans
Baltimore
Cincinnati.
Pittsburgh
Providence
Kansas Ciiy
Milwaukee
Louisville
Detroit...
Cleveland
...
Memphis
Hartford
Columbus
Indianapolis
Portland ..
Peoria
Worcester ..
Springfield
Saint Joseph
Lowell..

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

Total
Owtsidc New York.

1884.
$458, 532, 568
58.811,468
44,515,792
39, 828, 337
12, 918. 575
1.3, 3(55, 680
8, 477, 673
11, 577, 658
8, 062, 250
8,461,699
4,498,700 !
3,602,645 I
3,702,453 j
3,289,468 j
2,61)0,522
1,881,996 !
1,385,609 i
1,173,465 j
1,192,532 !
1,355,327 j
1,023,975 i
776,746 j
808,300 i
6f>3,389 !
579,131 !
456,011 |

October.
Per
cent.

+ 51.6 $3,189, 746,196
+ 30.9
342, 121,551
+ 9.6
234, 770, 623
+18. 9
236, 905, 761
+ 5. 8
66, 532, 755
—13.9
5L, 609, 656
+ 26. 9
40, 349, 600
—10.7
52, 164, 929
+ 1.9
41, 952, 425
—12.5
32, 765. 984
+24. 0
22, 813, 000
+-32.4 i
25, 0X5, 652
+ 20.9 !
18, 691,227
+ 17.5 :
19, 467,445
+ 9.6
14, 591, 498
+13.9 i
9, 858,182
+ 14.2
6, 595, 745
+30.7 !
8, 301. 504
+ 16.3 i
6, 505, 282

+ 3.2
+ 1.4
+20.6 '
— i. 6 ;
+ 9.2
+ 9 8
.
—10.3 i

Per
cent.

1885.

6, 053, 829
4, 544, 266
4,454, 202
4,459,517
3,409, 539
3,323, 586
2, 351,427

5,370,856,125
288, 641, 009
204, 712, 276
208, 220, 032
63, 474, 959
54,162,816
38, 420, 300
57,616,449
38, 736, 050
37, 489, 987
16, 674, 200
17, 406, 421
16, 330, 707
16,211,381
13, 279, 277
9, 397, 942
5, 500,186
6, 254, 003
6, 04K, 265
5, 888, 112
4,471,868
4, 079, 364
3, 766, 739
3,291,396
2,566,163
2, 360, 967

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

964, 027, 168 j 693, 601, 969 j +39. 0 i 4, 449, 431, 381 | 3, 495, 856, +27.3
994
268,812,781 ! 235,069,401 ! +14.4

1, 259, 685,185

1,125, 000, 869

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



64

REPORT OF THE COMPTROLLER OF THE CURRENCY.

official returns received by the manager of the New York clearinghouse:
Clearing-houses.
New York
Boston
Philadelphia .
Chicago
Saint Louis
Baltimore
San Francisco
Pittsburgh ....

Exchanges-

Balances.
$1, 295, 355, 252
442,972,332
215, 464, 080
257, 588, 370
122, 057, 237
76, 623, 877
96,150, 787
74, 460, 991
46,712,200
No record.
No record.
49, 794, 209
31,907,463
23, 849, 499
No record.
10, 936, 134
33, 309, 055
23, 484, 960
12, 542, 686
10, 905, 258
10, 008, 332
11, :<70, 217
11,358,664
10, 396, 230
8, 578, 929
5, 675, 260
8, 556, 421
New.
9, 510, 485

37,770,110,819

New Oilians .
Cincinnati
Providence
Louisville
Milwaukee
Detroit
Cleveland
Indianapolis...
Kansas City . . .
Hartford
New Haven . . .
Columbus
Memphis
Peoria
Worcester
Springfield
Lowell
Syracuse
Portland
Omaha,
Saint Joseph . .

250,791, 440
305, 702, 730
244, 194, 406
248, 230. 189
745, 577, 323
090, 8o9, 346
562, 040, 183
358, 517, 850
387, 485, 900
439, 034, 000
205, 575, 000
208, 714, 120
179, 437, 953
134, <i50, 006
101,305, 282
65, 2 !5, 339
209, 335, 9L5
77, 495, 526
54, 803, 637
33, 632, 517
67, 199, 260
40, 554, 333
37, 036, 992
36, 754, 686
22,403, 6L4
24, 372, 022
44, 786, 547
New.
33, 784, 703

2, 905, 629, 837

From the above table it will be seen that the exchanges in New York
City amounted to 66.8 per cent, of the whole sum, and the balances in
that city were nearly 44.6 per ceut. of the total balances.
CLEARING-HOUSE CERTIFICATES.

Section 5192 Revised Statutes, provides that clearing-house certificates representing specie or lawful money specially deposited for the
purposes of any clearing house association, shall also be deemed to be
lawful money in the possession of any association belonging to such
clearinghouse holding and owning such certificates; and section 5193
provides that the Secretary of the Treasury may receive United States
notes on deposit, without interest, from any national banking association, in sums not less than $10,000, and issue certificates therefor in
denominations of not less than $5,000, which certificates may be counted
as part of the lawful money reserve, and may be accepted in the settlement of clearing-house balances at the places where the deposits
therefor were made.
The legal-tender note certificates were first issued in the fiscal year
1873. On June 30, 1875, there were outstanding $59,045,000 of these
certificates, of which the national banks held $47,310,000. On June 30,
1876, the amount outstanding was $33,140,000, of which the banks held
$27,955,000. On June 30, 1879, the amount had been reduced to. $29,330,000, and the banks held on June 14 of the same year $25,180,000.
The amount outstanding on September 30, 1885, was $23,185,000, and
the national banks held on that day $18,800,000. The issue of the gold
certificates was authorized by the fifth section of the act of March 3,
18(33, and they were used for clearing-house purposes soon after the
passage of the national bank act.
The first issue was made on November 13, 1865. On June 30, 1875,



REPORT OF THE COMPTROLLER OF THE CURRENCY.

55

there were outstanding $21,79fi,300, of which the national banks in New
York City held $12,642,180. The issue of these certificates was discontinued on December 1,1878, and the amount outstanding had decreased
on Jane 30, 1879, to $15,413,700, and on October 1, 1880, to $7,480,100.
The amount outstanding on October 3, 1882, was $4,907,440, of which
the national banks held $1,594,300. The issue of gold certificates having been discontinued by the Government, and the amount of gold coin
having rapidly increased, the banks in New York found it necessary to establish a depository of gold coin for the convenience of the clearinghouse. This depository at the present time is the Bank of America, by
which bank certificates of deposit were first issued on October 14,1879.
The amount of such certificates outstanding on January 1, 1880, was
$25,610,000, and on October 1, 1883, was $22,955,000.' The largest
amount of coin on deposit was on January 21, 1882, viz, $45,330,000^.
the capacity of the vault having been increased since 1880. Of this
amount the national banks of N"ew York City held on October 2; 1883,.
$20,345,000; on September 30, 1884, $15,123,000; and on October 1,
1885, $16,094,000.
These banks on the same date held of gold Treasury certificates issued under the acts of March 3, 1863, and July 12, 1882, $62,249,740.
The act of February 28, 1878, authorized any holder of silver dollars of
the weight of 412^ grains troy of standard silver to deposit the same
with the Treasurer or any assistant treasurer of the United States in
sums not less than $10, and receive therefor certificates of not less than
$10 each, corresponding with the denomination of the United States
notes. It required that the coin deposited or representing the certifi
cates should be retained in the Treasury for the payment of the same
on demand, and that said certificates should be receivable for customs^
taxes, and all public dues, and also authorized their reissue.
The New York Clearing-House Association issued daring July andi
August, 1885, clearing-house certificates .based upon fractional silver
specially deposited for such purpose, and on October 1, 1885, the national banks of New York City held $4,825,000 of these certificates.*
It would appear that these certificates could b(3 legally held if desired
as a portion of the lawful money reserve of national banks, under
section 5192 of the Revised Statutes of the United States, which provides, as heretofore stated, that clearing house certificates representing"
specie or lawful money, specially deposited for the purpose in the clearing-house association, shall be deemed lawful money. The fractional
silver coin represented by these certificates could also be converted into
lawful money at any time, as they are redeemable in lawful money of
the United States on presentation at the Treasury.
Section 12, act of July 12, 188J, provides that the Secretary of the
Treasury is authorized and directed to receive deposits of gold coin
with the Treasurer or assistant treasurers of the United Scates in
sums not less than $20, and to issue certificates therefor in denominations of not less than $20 each, corresponding with the denominations
of United States notes. The coin deposited for or representing the
certificates of deposit shall be retained in the Treasury for the payment
of the same on demand. Said certi ficates shall be receivable for customs,
taxes, and all public dues, and when so received may be reissued; and
such certificates, as also silver certificates, when held by any national
banking association, shall be counted as part of its lawful reserve, and
no national banking association shall be a member of any clearing house
* These certificates were retired during the month of November, the fractional
coin which they represented having been presented and redeemed in lawful money.




56

REPORT OF THE COMPTROLLER OF THE CURRENCY.

in which such certificates shall not be receivable in the settlement of
clearing-house balances.
The amount of silver certificates on November 1.1885, was $125,053,286, and the amount held by the Treasury was $31,906,514, leaving the
amount outstanding $93,146,772.
The amount of gold certificates on November 1,1885, was $140,136,610,
and the amount held by the Treasury was $31,115,850, leaving the
amount outstanding $109,020,760.
On October 1, 1885, the national banks held $2,274,6~>0 of silver certificates, and $72,986,340 of gold certificates, issued under the acts of
March 3, 1863, and July 12, 1882.
In addition to the certificates heretofore mentioned, the national
banks of New York City held on October 1, 1885, $1,945,000 clearinghouse loan certificates, issued in pursuance of resolutions adopted May
14, 1884, to the Metropolitan National Bank, now in liquidation, and
State banks in New York City held $735,000, the total outstanding on
that date being $2,680,000. On the 13th of October $130,000 of these
certificates were paid by the Metropolitan* National Bank, leaving
the aggregate amount outstanding on that date $2,550,000. These
certificates are secured by a deposit in trust of certain securities and bills
receivable with the loan committee of the New York Clearing-House
Association, and bear interest at the rate of 5 per cent, per annum. They
arecarried by the associated banks among their loans, and were in ore fully
described in the report of this office for the year 1884, pages 36 and 37.
RESERVE.

The following table exhibits the amount of net deposits and thereserve required thereon by the act of June 20, 1874, together with the
amount and classification of reserve held by the national banks in New
York City, in the other reserve cities, and by the remaining banks, at.
the dates of their reports in October of each year from 1875 to 1883,
on September 30, 1884, and on October 1, 1885 :
NEW YORK CITY.
Reserve held.
! Nnm- i Net de- j Reserve J
posits. | required. j

A m o u u t

Classification of reserve.

Ratio <o
deposits.

Other law- Due from "Redempful money. agents. tion fund.

".'I

Millions. Millions. !Millions. Per cent. Millions.
ions.
29.9
202. 3
60. 5
50.6 I
5.0
30.7 j
197.9
60.7
49.5 I
14.6
27.5
174.9
48.1
43.7
13.0
189.8
f.O. 9
47.4
26.8 I
13. 3
210 2
53. 1
52.6
19.4
25.3 '
268.1
70.6
67.0
26.4 i
58.7
268. 8
62.;")
67.2
23. 3 !
50.6
254.0
64.4
63. 5
25.4
44.5
266. 9
70.8
66.7
26. 5
50.3
255.0
90.8
35.6 !
63.7 i
63. i
312. 9
115.7
37.0 I
78.2
91.5

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..

Millions. Millions. Million*.
54.4
1.1
45.3
0.8
34.3
0.8
36.5
1.1
32.6
1.1
0.9
11.0
1.0
10.9
1.0
18.9
0.9
19.7
0.7
27.0
0.5
23.7

OTHER RESERVE CITIES.
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..

188
189
188
184
181
184
189
193
200
203
203

223. 9
2L7.0
204.1
199.9
268.8
289.4
335.4
318.8
323. 9
307.9
364. 5




56.0
54.2
51.0
50.0
57.2
72.4
83.9
79.7
8L0

77.0
91.1

74.5
76.1
67.3
71.1
83. 5
105. 2
100.8
89.1
100.6
99.0
122.2

33.3
35.1
33.0
33. 6
36.5
36. 2
30.0
28.0
31. 1
32. 2
33.5

1.5
4.0
5.6
9.4

11.3
28.3
34.6
28. 3
26.3
30. 3
42.0

37.1
37.1
34.3
29.4
33.0
25.0
21.9
24.1
30.1
33.3
34.9

32.3
32. 0
24.4
29.1
35.7
48.2
40.6
33.2
40.8
32.3
42.4

3.6
3.0
3.0
3.2
3.5
3.7
3.7
3.5
3.4
3.1

REPORT OF THE COMPTROLLER OF THE CURRENCY.

57

STATES AND TERRITORIES.
Oct. 1,1875
Oct. 2,1876 . . . .
O o t 1,1877
Oct. 1,1878... .
Oct. 2,1879
Oct. 1, 1880.
O c t 1,1881
Oct. 3,1882
Oct. 2,1883 . . .
Sept. 30, 1884 . .
Oct. 1,1885

1,851
1,853
1,845
1, 822
1,820
1,859
1,895
2,026
2, 2o3
2,417
2, 467

307. 9
291.7
290.1
289.1
329. 9
410. 5
507. 2
545. 8
577. 9
535. S
570. 8

46. 3
43.8
43.6
43.4
49.5
61.6
76.1
81.9
86.7
80.4
85. 6

1
i
I
!

!
•

32.5
34.3
32. 9
36.7
37.7
35.8
31.2
27.5
27.2
29. 2
31. 1

100.1
99.9
95.4
106.1
124.3
147.2
1.<K 3
150.4

157.5
156. 3
177. 5

1.6
2.7
4.2
8.0

11.5
21.2
27.5
30.0
31.2
35.2
41.5

33.7
31.0
31.6
31.1
30.3
28.3
27.1
30.0
30.8
30.9
29.9

53.3
55.4
48.9
56.0
71.3
86.4
92.4
80.1
84.1
79.7
95. 9

io. a

125.2
113.4
100. 2
97.0
95.9
64.3
59. 9
72.0
80.6
91.2
88. 5

85.6
87.4
73.3
85.1
107.0
134. 6
133.0
113.3
124.9
112.0
138.3

10.2
14.6
14.5
15.3
15.8
15.9
16.1
15.8
15.«
14,3
13.6

11.6
10.8
10.7
11.0
11.2
11.3
11.4
11.3
11.3
10. §

SUM.M ARY.
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

2, 087
2,089
2,080
2, 053
2,048
2.090
2, 132
2, 2G9
2. 501
2, (564
2, 714

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

152. 2
147.5
138. 3
140.8
159. 3
201.0
227.2
225.1
234. 4
221. 1
254. 9

235.1
236. 7
210.8
228. 1
260. 9
323. 0
321.6
303. 9
328. 9
346. 1
415. 4

32. 0
33.5
31.5
33.6
33. 9
3.1 4
28.9
27. 2
28.1
31.6
33.3

8.1

21 3
22.8
30.7
42. 2
108.2
112.7
102. 8
107. 8
128.6
175. 0

The following table, compiled from returns made to the clearing-house
by the national banks in New York City, exhibits the movement of their
reserve, weekly, during October, for the last nine years:
Ratio of reserve to—
Week ending—

October 7, 1876
October 14, 187o
October 21.1876
October 28, 1870
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...




.
..

Specie.

$17, 6^2. 600 ;
16,233, 600 i
15,577, f>00
14.011, 600 !
14, 665,600 j
14, 726,500
14, 087,400 !
15,209, 000 I
14, 995,800 i
12. 184,600 j
13,531, 400 I
17, 384. 200 !
18, 979,600 j
20, 901,800 !
24, 680, 5oo:
25, 63(5,
59, 823, 700 1
62, 521,300 :
62, 760,600
60, 888,200 61,471, 600
54, 954, 600
53, 287, 900
51,008, 300
54, 016,200
55,961,
47, 016,000
48, 281,000
49,518, 200
48, 374, 200 ;
51, 586,700 !
50, 894,000 ;
47, 2152,900 ;
46, 372,8()0
67,470, 600 !
68, 922, 500 i
67, 579,400 I
67, 638, 000 |
92, 351, 600 !
93, 642, 500 !
91,945, 300 i
;
87, 309, 100
84, 954, 600 I

Legal-tenders.

ooo :

Total.

$45, 535, 600 i $03, 218, 200
43, 0()4, 600 I 59 238, 200
41,421,700 ! 56, 999, 200
41,615,600 | 55, 657, 200
315, 168,300 i 50, 833, 900
35, 178, 900 ! 49, 905, 400
35,101,700 | 49, 189,100
34,367,800 j 49, 571), S00
38,304,900 ! 53, 300, 700
37,685, 100 | 49, 869, 700
36,576,000 I 50, 107, 400
35, 090, 500 i 53, 074, 700
34, 308, 000 ! 53, 347, 600
32, 82l), 300 ! 53, 722,100
29,305.200 | 53, 991, 700
26.713.9U0 i 52, 349, 900
11, 129, 100
70, 952, 800
10, 785, 000
73, 306, 300
10, 939, 200
73, 699, 800
10, 988, 200
71, 876, 400
10, 925, 000
72, 396, 600
12,150,400 i 67, 105, 000
12,153,800 ! 65,441,700
12,452,700 I 63, 461, 000
12,496, 500
66,512,700
12, 947, 900
68, 909,100
18, 384, 500
65, 400, 500
18, 002, 700
66, 283, 700
17, 023, 900
66, 542, 100
17, 204, 700
65, 578, 900
20,122, 500
71, 709, 200
21, 145,800
72, 039, 800
20,719,700
67, 982, 600
20,617,600
6Q, 990, 400
25, 817, 300
93, 237. 900
27,654,100
96, 576, 600
27, 875. 500
95,454, 900
27, 354, 200
94, 992, 200
24,516,600
116,868,200
23, 002, 000 116,644,500
22,221, 100
114,166, 400
21,059,800
108, 368, 900
21, 874, 900 106, 829, 500

Circulation and Deposits.
! deposits.
Per cent Per cent.
30. 5
32.4
28.8
31.1
27.8
30.0
28.0
30.3
27.0
29.5
26.7
29.2
20.5
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. a
25.5
27.1
24.8
26. 6
25 0
26.7
23.1
24.8
23.1
24.9
23.2
25. Q
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

58

REPORT OF THE COMPTROLLER OF THE CURRENCY.

UNITED STATES LEOAL-TENDER NOTES AND NATIONAL-BANK CIRCULATION.

The acts of Febuary 25, 1862, July 11, 1862, and March 3, 1863, each
authorize the issue of 150 millions of dollars of legal-tender notes, making
an aggregate of 450 millions of dollars.
On February 3, 1864, the amount of such notes outstanding was
$449,479,222, which was the highest amount outstanding at any one
time. The act of June 30, 1864, provided that the total amount of United
States notes issued, or to be issued, should not exceed 400 millions of
dollars, and such additional sum, not exceeding 50 millions, as might
be temporarily required for the redemption of temporary loans.
By the act of June 20, 1874, the maximum amount was fixed at 382
millions. Section 3, act of January 14, 1875, authorized an increase of
the circulation of national banks in accordance with existing law, without respect to the limit previously existing, and required the Secretary
of the Treasury to retire legal tender notes, to an amount equal to 80
per cent, of the national bank notes thereafter issued, until the amount
of such legal-tender notes outstanding should be 300 millions and no
more. Under the operations of this act $35,31.8,984 of legal-tender
notes were retired, leaving the amount in circulation on May 31, 1878,
the date of the repeal of the act, $346,681,016, which is the amount outstanding.
In the following table are given the amounts and kinds of the outstanding currency of the United States, and of the national banks on
January 1, of each year, from 1866 to 1885, and on November 1, 1885,
to which is prefixed the amount on August 31, 1865, when the public
debt reached its maximum.
United States issues.
Date.

Old

Legal-tender
notes.

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

•

notes.

$432,553,912
425, 839, 319
380,276,160
356, 000, 000
356,000,000
356, 000, 000
35H, 000, 000
357, 500, 000
358, 557, 907
378,401,702
382, 000, 000
371,827,220
366, 055, 084
349, 943, 776
346,681,016
346,681,016
346,681,016
346.681,016
346,681,016
346, 68i,016
346,681,016
346,681,016

$402. 905
392, 670
221,63-2
159, 127
128, 098
113, 098
101,086
92,801
84, 387
79, 637
72,317
69, 642
65, 462
63, 532
62, 0:<5
61,350
60, 745
59, 920
59, 295
58, 680
58, 240
57, 825

Notes
of national
banks, includ- A g g r e g a t e .
Fractional
ing gold
notes.

$26, 344, 742
26, 000, 420
28,732,812
31,597,583
34,215,715
39. 762, 664
39, 995, 089
40, 767, 877
45, 722, 061
48 544, 792
46, 390, 598
44,147,072
26, 348, 206
17, 764,109
16, 108, 159
15,674,304
15, 523, 464
15, 451, 861
15, 398, 008
15,365,362
15, 347, 277
15, 337, 096

$176, 213, 955
236, 636, 098
29S, 588, 419
299, 846, 206
299, 747, 569
299, 629, 322
306, 307. 672
328,465,431
344,582,812
350, 848, 236
354, 128,250
346,479,756
321,595,606
321, 672, 505
323,791,674
342, 387, 336
344, 355, 203
362,421,988
361,882,791
349, 949, 352
329,158, 623
*315, 847,168

$635,515,574
688, 867, 907
707, 819, 023
687, 602, 916
690,091,382
695, 505, 084
702, 403, 847
726, 826, 109
748, 947,167
777, 874, 367
782,591, 165
762, 523, 690
714,064,358
689. 443. 922
68(3, 642, 884
704, 804, 006
706, 620, 428
724, 614, 785
724,021,110
712,054,410
691,245,156
677, 923,105

Gold
Currency price of
price of $100 cur$100 gold.
rency,.

$144 25
144 50
133 00
133 25
135 00
120 00
110 75
109 50
112 00
110 25
112 50
112 75
107 00
102 87
100 00
100 00
100 00
100 00
100 00
100 00
100 00
100 00

$69 32
69 20
75 18
75 04
74 07
83 33
00 29
91 32
89 28
90 70
• 88 89
88 69
93 46
97 21
100 00
100 00
100 00
100 00
100 00
100 00
100 00
100 00

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

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



EEPORT OF THE COMPTROLLER OF THE CURRENCY.

59

has been deposited with the Treasurer. This includes $2,663,720 for
the redemption of the notes of national gold banks, and $1.4, L25,820 for
the redemption of national-bank notes under section G of the act of July
12, 1882. Since June 20, 1874, $203,017,704 of bank notes have been
redeemed, destroyed, and retired. This includes $2,279,45L of the
notes of national g'old banks and $4,425,025 of the notes of national
banks whose corporate existence has been extended under the act of
July 12, 1882.
The following table shows by States the amount of additional circulation issued during the year ending October 31, 1885, and the total
amount of such circulation issued since June 20, 1874. It also shows
the amount of circulation retired during the year, and the total amount
retired since June 20, 1874:
Additional j
circulation
issued.
Act j

States and Territories.

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania.
Delaware
Maryland
District ot Columbia
Virgin ia
—
"West Virginia
North Caroli ua
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nebraska
Nevada
Oregon
(Colorado
Utah
Idaho
Montana
Wy 0111 ing
New Mexico
1 )akota
Washington
Arizona
California '' currency "

.

[
.,...

$304,750 !
150 !
158,220
026, 240
57, 360
149, 0U0
1,687,810
398, 760
1,107,950
49, 500
150,500
45. 000
19. 310
45, 000

.
18, 900
49, 500
90, 000
33, 740
225,800 |
191,880
117,000
126, 540
22, 490
308, 240
1, 598, 920
874, 650
649,010
374, 980
123, 270
177.750
50, 850
291, S40
173, 320

.. .

,

.

....

Circulation retired.
u n e

20,

$69,100
36, 6H0

218,570
3, 928, 665
7(33,110
386, 733
3,457,210
718, 650
1, 664, 490
4, 100
513, 750
10, 790
.220, 070
61. 830
116, 500
3(i, 745
91,720
71,520
5, 360
188, 470
200, 080

is, no

561. 060
163. 100
333, 645
1, 662, 250
494, 450
763, 670
385, 890
17>, 4^0
588,«80
1F9.410
90,010
59, 580

29.250
83; 190
45, 000

....

103,470
101, 250

$164, 495
69, 170
329, 846
1, 765. 957
31,611 |
248,656 i
1,9(18.677 {
196,442
1,074,609 !
6,740 !
3, 628 '
75, 853
5, 034
22, 525
7,449
23, 452
15
4,345
7, 580
9,740
92, 482
119,093
57,371
1,107, 123
771, 032
414,714
370, 638
139, 994
176, 026
129, 626 |
21,468 I
42,823
,130 |
""" 43,"631' i
1,064 |
3,280 |

36, 000
11,200

„..

Liquidating
banks.

58,
40

Total.
$233, 595
1<)5, 850
548, 416
5, 694, 622
794, 721
635, 389
5, 425, 887
915, 092
2, 739, 099
4, 100
520, 490
14, 418
295, 923
69. 864
139, 025
36, 745
99,169
94, 972
5, 375
192,815
208,21a
24, 850
653. 542
282, 193
391,016
2, 769, 273
1, 265, 482
1,178,384
765, 528
315,454
764, 706
319, 036
111.478
102. 403
130
4, 000
113, 621
57, 364
24, 820
69, 040
9, 250
22,210
73, 817
46, 820
13, 870
105, 020

135,010

142,

15,242 j
6,410 !
11,370 |
22,250 :

11,142,650

18, 746,

9, 570, 591 |

28, 317,184
375, 630

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

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

28, 692, 814
173, 021, 127
13, 878, 309

181,216,0*99

.•

42,428,500 I

215,592,250

Surrendered to this office and retired
From .June 20, 1874, to October 31, 1884
Surrendered to t h i s office same dates

Grand total.




j
j

158,909,811

In the above table gold notes are excluded.

fiO

REPORT OF THE COMPTROLLER OF THE CURRENCY.

The amount of additional circulation issued to national banks for
the year ending November 1,1885, was $11,142,650, including $4,297,400
issued to banks organized during the year.
During the year ending November 1,1885, lawful money to the amount
of $2<>,219,810 was deposited with the Treasurer to retire circulation, of
which amount $8,457,295 was deposited by banks in liquidation, $7,772,165 by banks reducing circulation, under the act of June 20, 1874, and
$9,990,350 by banks retiring old circulation, under the act of July 12,1882.
The amount previously deposited under the acts of June 20, 1874, and
July 12, 1882, was $171,368,662; by banks in liquidation, $53,339,686;
making a total of $250,928,158. Deducting from the total the amount
of circulatingnotes redeemed and destroyed without reissue, $211,769,448,
there remained in the hands of the Treasurer on November 1, 1884,
$39,158,710 of lawful money for the redemption and retirement of bank
circulation.
The portion of lawful money on deposit by insolvent banks, by banks
in voluntary liquidation, and by banks reducing or retiring their circulation on the first of each of the last live months was as follows:
July 1.
.Insolvent bnnlis
Liquidating banks
Reducing under act of June 20,1874
Retiring under act of\Julyl2,1882

August 1. September 1. October 1. Novembe* 1.
$698, 584
13, 796, 6G6
18, 099, 950
5, 889,173

$715, 203
13, 774,242
18, 029, 110
6, 685, 023

$683,
13, 565,
17, 443,
8,181,

343
143
820
837

$584, 960
12, 778, 010
16, 095, 545
9, 700,195

39,103,153

Totals

$745, 789
13, 569, 286
19, 784, 295
5, 003, 783

39, 084, 373

39, 203, 578

39, 874,143

*39,158, 710

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

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

In accordance with the law, no national-bank notes of a less denomination than five dollars have been issued since January 1,1879, when the
amount outstanding was $7,718,747. Since that date the amount of ones
and twos issued by the thinks lias been reduced $7,283,033, leaving the
amount outstanding1 on November 1, 1885, $435,714, and during the
same period the legal-tender notes of these denominations have been
increased $5,645,960. The total decrease of the amount of ones and
twos outstanding in national-bank ami legal tender notes is $1,637,073.
The following table exhibits by denominations the amount of nationalbank and legal-tender notes outstanding ou October 31,1885, and the
aggregate amounts of both kinds of notes at the same periods in 1883
and 1884:




61

REPORT OF THE COMPTROLLER OF THE CURRENCY.

1885.
Denominations.

1884.

National - Legal-tender A g g r e g a t e .
bank notes.

Twos
Fives
Tens
Twenties
Fifties
One hundreds
Five hundreds
One thousands
Five thousands
Ten thousands
Add for unredeemed fragments of
national-bank notes ,
Deduct for legal-tender notes destroyed in Chicago fire

+21.890

+20, 749

- 1 , 000, 000

*314,894, 818

Total.

Aggregate, Aggregate.

$435, 714 $22, 703. 459 $23,139,173 $27, 258, 839
23, 235,136
237, 284
23, 472, 420 27, 067, 206
81, 956, 670 84, 008, 279 166, 024, 949 163, 363, 205
71, 003, 390 175,214,680 180,491,886
104,211,290
75, 087, 520 56, 941, 267 137, 028, 787 135,277,089
20, 638, 550 22, 896, 595 43, 535,145 44, 617, 045
31, 576, 400 29, 645, 390 61,221.790 66,170, 690
15,152, 000
15, 7;.O, 500 16, 063, 500
59S, 500
21, 910, 500 22, 041, 500 19, 659, 500
131, 000
95, 000
105, 000
95, 000
30, 000
60, 000
30, 000
+21, 890

1883

-1,000,000 -1,000,000

346, 681, 016

661, 575, 834 679,154, 709

$30, 785, 265
27, 510,196
164, 517, 620
189, 275, 406
142, 382, 460
46, 278, 145
65,991,590
15, 895, 500
15, 429, 500
255, 000
120, 000
+ 19,761
— 1, 000, 000
697, 460, 452

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

The amount of one and two dollar national-bank notes outstanding
is a little more than one-fifth of 1 per cent, of the whole circulation of
the banks ; the fives constitute 26 per cent., the tens 33 per cent., the
twenties 23.8 per cent., and the fifties and larger notes about 17 per
cent, of the entire circulation.
Of the entire amount of national-bank and legal-tender notes outstanding, about 7 per cent, consists of one and two dollar notes; nearly
32.2 per cent, of ones, twos, andfives,58.6 per cent, is in notes of a less
denomination than $20, and about 78.6 per cent, is in notes of a lower
denomination than $50. Of the entire issue, about 21.5 per cent, is in
denominations offifties,one hundreds,fivehundreds, and one thousands.
There are outstanding nineteen legal-tender notes, of the denomination of $5,000, and three notes of the denomination of $10,000.
The following table* exhibits by denominations the circulation of the
Imperial Bank of Germany on December 31,1884, in thalers and marks,
which have been converted into our currency.
Thalers.

Marks.

Value of Amount in
dumber of Denomina- each note in dollars (tha- Number of
notes.
tions.
notes.
ler = 75
dollars.
cents).
76
2, 000
1, 643£
8,302
8, 675*

Thalers.
500
100
50
25
10

20,697

$375 00
75 00
37 50
18 75
7 50

$28,
150,
61,
155,
65,

500
000
631
662
066

460 859

206, 959£
128, 771
5, 209, 448

Value of
Amount in
Denomina- each note in dollars (mark
tions.
=25 cents).
dollars.
Marks:
1,000
500
100

$250
125
25

5, 605,1

$66, 739, 875
16, 096, 375
130,236,20«

213, 072,450

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

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




62

REPORT OF THE COMPTROLLER OF THE CURRENCY.

the preceding year, although there was on an average $1,085,000 less
in circulation than the average of the previous year. On January 1,
1880, the circulation was $198,201,144, and during the past five years
the increase has averaged about $10,000,000.
The following table* gives the circulation of the Bank of France and
its branches, with the number of notes and the denominations in francs
and in dollars on January 1,1885 :
Number of notes.
5
1,186, 638
589, 781
2,619
12, 446, 499
4, 931, 340
20, 859
150, 046
167,163
1,200

Denominations
(francs).
5,000
1,000
500
200
100
50
25
20
5
Forms out of date.

Value of each note Amount in francs. Amount in dollars
in dollars.
(francs = 20 cents).
$1, 000
200
100
40
20
10
5
4
1

$5, 000
237, 327, 600
58, 978,100
104,760
248, 929, 980
49,313,400
104, 295
600,185
167,163
84, 035

2, 978, 072, 590

19, 496,150

25, 000
1,186, 638, 000
294,890 500
523, 800
1, 244, 649, 900
246, 567, 000
521, 475
3, 000, 925
835, 815
420,175

595, 614, 518

The amount of circulation of the Bank of France on January 1, 1884,
was 3,161,804,536 francs, or say $632,360,907, showing a decrease of
183,731,946 francs, or $36,746,389, between that time and January 1,
1885, the date of the foregoing table; and since January 30, 1879, an
increase of 687,101,760 francs, or $137,420,352.
It will be seen that the Imperial Bank of Germany has in circulation no notes of a less denomination than seven dollars and a half (10
thalers), and issues none of less than $25 (100 marks), and that the Bank
of France issues less than a million of dollars in value of notes of a
less denomination than $10. The Bank of England issues no notes of
less than £5, or $25, and the Irish and Scotch banks none of less than
£1, or $5.
DISTRIBUTION OF COIN AND PAPER CURRENCY.

In previous reports tables have been given showing the amount of
coin and currency in the country and its distribution, the amount in
the Treasury, in the banks, and among the people on January 1, 1879,
the date of the resumption of specie payments, and on November 1 of
each of the last four years preceding the date of this report. These
tables are again presented, the amounts on November 1, 1881, being
omitted, while those on November 1, 1885, are added. The amounts of
gold and silver in the country available for circulation are based upon
the estimates of the Director of the Mint for January 1, 1879. The
amounts of gold for the succeeding dates have been obtained by adding
the gold production of the country, less the amounts used in the arts,
from estimates of the same officer, adding the excess of gold importations during the year, or deducting the excess of gold exportations for
the same period, according to the reports of the Bureau of Statistics.
The amounts of silver are obtained by adding for each year the amount
of silver dollars and fractional silver coined, less amounts recoined.
For the year 1885 the silver bullion purchased by the Government for
coinage and on baud on November 1 is included.
* London Bankers' Magazine, August, 1885, page 699



REPORT OF THE COMPTROLLER OP THE CURRENCY.

63

For the year ending November 1,1885, the production of gold by the
mines of the United States is estimated to have been about $30,800,000
During the period from November 1, 1884, to October 1, 1885, the
amount of foreign and domestic gold coin and bullion imported in excess of the amount exported has been $12,315,915, making an increase
in the stock of gold in the country of §43,115,915. From this amount
must be deducted the amount estimated by the Director of the Mint to
have been used in the arts during the same period, $12,000,000, leaving
$31,115,915 as the increase in the stock of gold coin and bullion in the
country.
The total excess of imports of gold over exports of the same from the
date of resumption to October 1, 1885, has been $178,028,043, and the
total estimated gold product of the mines of the United States for the
same period has been about $222,525,000. The total amount of standard
silver dollars coined during the year ending November 1,1885, has been
$28,528,002; of subsidiary silver coin, $195,977; and there was of subsidiary coin presented to the mint for recoinage $041,727, thereby
reducing the amount of such coin $445,750. The total amount of
standard silver dollars coined since the passage of the act of February
28, 1878, authorizing that coinage, up to November 1, 1885, has been
$213/259,431. The following table, based upon the estimates and figures given above, shows the amount of coin and currency in the country
on January 1, 1879, and on November 1 of the years named:
January
1,1879."
Gold coin and bullion
Silver coin
Legal-tender notes ...
National-bank notes.
Totals

November
1, 1882.

November
1,1883.

November
1,18S5.

$585,611,872
275, 735, 439
346, 681,016
333, 559, 813

*$586, 727, 787
307, 658, 827
346,681,016
1315,847,168

1,055,356,619 1, 465, 509, 449 1, 523, 366, 989 1, 541, 588,140

1, 556, 914, 798

$278,310,126
106, 573, 80:i
346,681,010
323, 791, 674

$547, 356, 262 $581, 970, 254
208, 744, 424 242,701,932
346,681,016 346,681,016
362, 727, 747 352, 013, 787

November
1,1884.

*In obtaining the amount of gold November 1, 1885, the estimated amount on November 1, 1884,
has been reduced by $30,000,000, which amount the Director of the Mint has recently estimated was
used in the arts between July 1, 1873, and June 30, 1880, and was not deducted in the original estimate
for July 1, 1879.
t T h e sum of $39,542,979 in lawful money has been deposited by the national banlts to retire circulation of a like amount which has not yet been presented for redemption.

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




64

REPORT OF THE COMPTROLLER OF THE CURRENCY.

have been compiled in this office from official reports up to the dates
nearest to those given in the table.
January 1, | November 1, November 1, November 1, November 1,
1D7O
1879.

!

1QOO
1882.

!

1883.

1UUO

1884.

1885.

In the Treasury, l«ss certifi$112, 703, 342 $148, 435, 473 $157, 353, 760 $134, 670, 790 $142, 838, 589
cates
In national banks, including
35,039,201 j 94,127,324
97, 570, 057
certicates
117,185, 407
161,657,121
In State banks, including cer18, 255, 300
tificates
10,937,812 ! 17,892,500
25, 928, 757
31, 255, 789
158,680,355 ! 260,455,297

Total gold

273,179,117 I 277, 784, 954

335,251, 499

116, 036, 450 |
16,036,450

142, 926, 725 I|
4,96,725

163, 817, 842
3, 817, 842

4, 936, 365
26, 712, 424
10, 247, 926

4, 646, 497
29, 346, 757
8, 092, 557

3, 840, 536
22, 965,536
9,120,802

SILVER.

In the Treasury, standard silver dollars
j
In the Treasury, bullion
In the Treasury, fractional coin
In national banks

Total silver

17,249,740 j
9,121,417
6, 048,194
6, 460, 557
38, 879, 908

92,414,977
4, 012, 503
26, 749, 482
8, 234, 739
131, 411, 701

157, 933,165 j 185, 012, 536 j

199, 744, 216

CURRENCY.

n the Treasury, less certificates
In national banks, including
certificates
In State banks, including certificates
In savings banks

44,425,655 j

26, 224, 248

30, 996, 217

126,491,720 |

92, 544, 767

103, 316, 809

25,944,485 ! 27,086,482
14,513,779 I 14,724,978

28, 259, 062
12,998,594

26, 258, 827

27, 550, 841
111, 600, 884

114,507,113
32,659,605 !
14,079,452 j

39, 552, 017
13, 423, 064

Total currency ..

211,375,639 j 160,580,475

175,570,682 j 187,504,997

192,126, 306

Grand totals

408,935,902 j 552,447,473

606, 682, 964 I 650, 302, 487

727,122, 021

If the aggregates of gold, silver, and currency for the several dates
in the above table be deducted from the amounts of the same items at
corresponding dates in the table which precedes it, the remainders will
be approximately the amounts in the hands of the people at corresponding dates.
J a n u a r y 1,
1879.

N o v e m b e r l , j N o v e m b e r l . November 1,
1881.
1882.
1883.

Novemberl,
1884.

November I,
1885.

Gf»ld
Silver
Currency

$119, 629, 771
67, 693, 895
459, 097, 051

$256, 016, 829
78, 377, 937
567, 445, 959

$286, 900, 965
77, 332, 723
548, 828, 288

$308, 791,137
84, 768, 767
523,124,121

$307, 826, 918
90, 722, 903
492, 735, 832

$251, 476, 288
107, 914, 611
470,401,878

Total

646,420,717

901,840,725

913, 061, 976

916, 684, 025

891, 285, 653

*829, 792,777

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

The gold in the Treasury, including bullion in the process of coinage,
has increased during the year $7,667,799, and in the banks has increased
$44,471,713. The paper currency in the Treasury has increased $1,291,514,
and in the banks has decreased $2,906,229. The decrease of gold outside of the Treasury and the banks has been $26,350,629, and in silver
coin there has been an increase of $14,240,831. The decrease of paper
currency, exclusive of silver certificates, has been $22,334,589. In the
foregoing tables the silver certificates issued by the Treasury have not
been included, but the standard silver dollars held for their redemption,
form a portion of the silver coin in the Treasury. The silver certificatevS



REPORT OF THE COMPTROLLER OF THE CURRENCY.

65

in the hands of the people and the banks at the following dates were as
follows:
January 1,1879
November 1, 1880
November 1, 1881
November 1,1882
November 1,1883
November 1,1884
November 1,1885

$413,360
19,780,240
58,838,770
65,620,450
85,334,381
100,741,562
93,146,772

It will be seen that the amount of these certificates in circulation has
decreased $7,594,790 during the year.
The gold certificates issued under section 12 of the act of July 12,
1882, outstanding in the hands of the people and banks on November
1, 1882, November 1, 1883, November 1, 1884, and November 1, 1885,
not including the amount in the Treasury, were $6,962,280, $48,869,940,
$85,301,190, and $106,465,420, respectively.
SPECIE IN BANKS AND IN THE TREASURY OF THE UNITED STATES,
AND ESTIMATED AMOUNT IN THE COUNTRY—SPECIE IN THE BANK
OF ENGLAND AND IN THE BANK OF FRANCE.

The following table exhibits the amount of specie held by the national banks at the dates of their reports for the last twelve years, the
coin and coin certificates held by the New York Gity banks being stated
separately:
Held by national banks in New York City.
Dates.

U. S. gold Clearing-house
certificates. certificates.

Coin.
Sept.
Dec.
Feb.
May
June
Oct.
Dec.
Mar.
May
June
Oct.
Dec.
Mar.
May
June
Oct.
Dec.
Jan.
Apr.
June
Oct.
Dec.
Mar.
May
June
Oct.
Dec.
Jan.
Apr.
June
Oct.
Dec.
Feb.
Apr.
June

12,1873..
26, J873..
27,1874..
1,1874..
26,1874..
2,1874..
31,1874..
1,1875..
1,1875..
30,1875..
1,1875..
17,1875..
10,1876..
12,1876..
30,1876..
2,1876..
22,1876..
20,1877..
14,1877..
22,1877..
1,1877.
28,1877.
15,1878.
1,1878.,
29,1878.
1,1878.
6,1878.
1,1879.
4, 1879.
14,1879.
2,1879.
12,1879.
21,1880.
23, 1880.
11,1880.

$1,
1,
1,
1.
1,
1,
1,
1,

063, 210
376,170
167,820
530, 282
842, 525
291, 780
443, 215
084, 555
930, 105
1, 023, 015
753, 904
869, 436
3, 261,131
832, 313
1, 214, 522
1,120, 814
1,434,701
1, 669, 284
1, 930, 725
1, 423, 258
1, 538, 486
1, 955, 746
2, 428, 797
2, 688, 092
1, 905, 705
1,779,792
4, 009, 299
5,421,552
5, 312, 966
6, 058, 472
7, 218, 967
20, 096, 249
12, 252, 541
12,595,720
16, 682, 226

55
50
09
10
00
56
42
54
76
86
90
72
36
70
92
34
83
94
59
17
47
20
44
06
22
43
01
49
90
34
69
64
44
49
40

5745 CUK


$14, 585, 810
19, 701, 930
24, 686, 460
24, 984, 942
15, 514,185
14, 406, 266
15, 854, 155
11,706,715
6, 683, 325
13, 665,195
4, 955, 624
13, 402, 246
22, 348, 051
16, 016. 073
18, 087, 302
14, 576, 574
23, 037, 601
35, 298, 944
15, 829, 905
11, 747, 578
i 12,948,406
'21, 074, 826
37, 432, 017
28, 085, 732
13, 860, 205
13, 294, 602
16, 286, 479
18,161, 092
17, 533, 906
18, 349, 742
19, 349, 867
!$21, 569, 000 00 50,031,389
| 35,855,000 00 55, 572,191
25, 458, 000 00 44, 967, 970
I 33, 337 000 00 57, 829, 426

$13, 522, 600
18, 325, 760
23, 518, 640
23, 454, 660
13, 671, 660
13,114, 480
14, 410, 940
10, 622, 160
5, 753, 220
12, 642,180
4, 201, 720
12, £32, 810
19, 086, 920
15,183, 760
16, 872, 780
13, 446, 760
21, 602, 900
33, 629, 660
13, 889,180
10, 324, 320
11, 409, 920
19, L19, 080
35, 003, 220
25, 397, 640
11, 954, 500
11, 514, 810
12, 277,180
12, 739, 544
12, 220, 940
12, 291, 270
12,130, 900
8, 366,140
7, 464, 650
6, 914, 250
7, 810, 200

Total.

Held by
other national Aggregate,
banks.

$5, 282, 658 90 $19, 868, 469 45
7, 205,107 08 26, 907, 037 58
8, 679, 403 49 33,365,863 58
7, 585, 027 16 32, 569, 969 26
6, 812, 022 27 22, 326, 207 27
6, 834, 678 67 21, 240, 945 23
6, 582, 605 62 22, 436, 761 04
4, 960, 390 63 16, 667,106 17
3, 937, 035 88 10,620,361 64
5, 294, 386 44 18, 959, 582 30
3, 091, 704 83 8, 050, 329 73
3, 668, 659 18 17, 070, 905 90
6, 729, 294 49 29, 077, 345 85
5, 698, 520 66 21,714,594 36
7, 131,167 00 25, 218, 469 92
6, 785, 079 69 21,361,654 03
9, 962, 046 06 32, 999, 647 89
14, 410, 322 6 L 40, 709, 267 55
11, 240,132 19 27, 070, 037 78
9, 588, 417 89 21, 335, 996 06
9,710,413 84 j 22. 658, 820 31
11, 832, 924 50 ' 32; 907, 750 70
17, 290, 040 58 54, 722, 058 02
17, 938, 024 00 46, 023, 756 06
15, 391, 264 55 29,251,469 77 '
17, 394, 004 16 30, 688, 606 59
18, 068, 771 35 34,352,250 36
23, 338, 664 83 41, 499, 757 32
123, 614, 656 51 41,148, 563 41
|23, 983, 545 10 42, 333, 287 44
122, 823, 873 54 42,173, 731 23
28, 081, d51 95 79,013,041 59
33,869,860 31 89,442,051 75
41, 461, 761 62 86, 429, 732 21
41, 677, 078 86 99, 506, 505 26

66

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Held by national banks in New York City.

'

Dates.

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

Coin.
Oct.

Dec.
Mar.
May
June
Oct.
Dec.
Mar.
May
July
Oct.
Dec.
Mar.
May
June
Oct.
Dec.
Mar.
Apr.
June
Sept.
Dec.
Mar.
May
July
Oct.

1,1880. $16,104,855*28
31, 1880. 19,773,859 01
11,1881. 15, 924, 683 90
6,1881. 26, 242,108 60
30.1881. 20, 822, 790 87
1, 1881. 15,317,168 04
31,1881. 16,352,630 49
11.1882. 17, 093, 447 39
19.1882. 15, 541, 956 93
1,1882. 14, 278, 290 77
14,391,783 74
3, 1882
10,1882. 10,811,726 69
13, 1883. 10, 060, 551 05
1,1883
9, 891, 636 15
22,1883.
8,219,744 22
9, 388, 073 82
2,1883.
31, 1883. 10,793,481 17'
7,1884. 12, 948, 092 34
8. 929, 064 27
24,1884.
7, 466, 696 82
20,1884.
7, 296,178 39
30,1884.
20,1884. 11, 314, 080 57
10,1885. 11, 802, 276 48
6,1885. 11, 479, 763 87
1,1885. 14,417,675 25
1,1885. 11, 290, 427 74

$7, 489, 700 j$36,189, 000
6, 709, 900 28,246, 000
4, 825, 300 30, 809,000
4, 625, 900 34,176, 000
4,513,400 41, 858,000
4, 486, 600 31,721, 000
4, 037, 600 33, 852,000
4, 075, 800 29, 907,000
4, 034, 300 31,783, 000
4, 005,100 32, 854,000
3, 908,100 26, 224,000
17, 720,100 22, 020,000
10,813,320 21,818, 000
16,094,210 21, 334,000
26, 477, 760 22,139, 000
20, 541,100 20, 345,000
20,525,270 21, 693,000
21, 582, 060 25, 912,ooo
20, 093, 380 20, 527,
20, 397, 590 15, 690,000
40,765,140 15, 052,000
44,193, 870 !
17,331, 000
61,114,080 i 17, 579,000
67,646,060 i 17, 374,000
65,400,390 j16,709, 000
62,249,740 j17, 914,000
000

Total.

! Held by
other national Aggregate.
banks.

00 $59, 783, 555 38 $49,562,954 11 $109,346,509 49
00 54, 729, 759 01 52, 443,141 91 107,172, 900 92
00 51,558,983 90 53, 597, 211 36 105.156,195 26
00 65, 044, 008 60 57, 584, 553 48 122. 628, 562 08
00 67,194,190 87 J61, 444, 736 63 128, 638, 927 50
00 51, 524, 768 04 162, 809, 968 08 114,334,736 12
00 54, 242, 230 49 59,438,409 11 113,680,639 60
00 51, 076, 247 39 158, 907, 863 65 109, 984, 111 04
00 51, 359, 256 93 !61, 056, 549 80 112,415,806 73
00 51,137, 390 77;60,556,871 77 111, 694, 262 54
00 44, 523, 883 74 58, 333, 894 53 102, 857, 778 27
00 50, 551, 826 69 55,875,332 71 1106, 427,159 40
00 42,691,871 05 '55, 270, 495 29 97, 962, 366 34
00 47, 319, 846 15 '56, 287, 420 17 103, 607, 266 32
00 56, 836, 504 22 58, 517, 890 40 115, 354, 394 62
00 50, 274,173 82|57.543,809 71 107, 817, 983 53
00 i 53,011,751 17 61, 274, 406 87 114, 276,158 04
974 99
oo 1 60, 442,152 34:62, 637, 262 82 123, 080,127 33
I 49, 549, 444 2765,195,
114,744,707 09
00 43, 534, 286 82,66,127, 395 29 109,661,682 11
00 63,113,318 39 165, 496,156 34128, 609,474 73
00 72, 838, 950 57 '66, 908,128 96 139, 747, 079 53
00 90, 495, 356 48 176,620,517 19 167,115, 873 67
00 96, 500, 023 87 180, 933, 095 43 177, 433,119 30
00 96, 52V, 065 25181, 085, 426 77 177,612,492 02
00 ; 91, 454,167 7483, 418, 409 80 174, 872, 577 54
00

The amount of silver coin and silver certificates held by the national
banks on the dates given in the following table, were as follows:
Date.
October 1,1877
October 1,1878
October 2,1879
October 1,1880
October 1,1881
Octobers, 1882
October 2,1883
September 30,1884.
October 1,1885
k

Silver coin.
$3, 700, 703
5, 392, 628
4, 986, 493
5, 330, 357
5, 450, 387
6, 466, 215
7, 594, 896
8, 092. 557
*9,120, 802

Silver
Treasury

certificates.

$1,165,120
1, 662, 180
1, 807, 600
2, 653, 030
3,331,510
2, 274, 650

Total.

$6, 495, 477
7,112, 567
8, 273, 815
10, 247, 926
11, 424, 067
11, 395, 452

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

The latest official reports of the State banks in New England, New
York, New Jersey, Pennsylvania, Maryland, Virginia, South Carolina,
Georgia, Louisiana, Texas, Ohio, Indiana, Michigan, Wisconsin, Iowa,
Minnesota, Missouri, Colorado, and the Territory of Montana show that
these banks held specie amounting to $20,132,864, of which the banks
in New York City held $12,819,217.
The official returns from the State banks of California do not give
separately the amount of coin held bj them; but it is estimated that the
total cash reported, amounting to $11,122,925, consisted almost entirely
of coin. The amount of coin held by State banks in the States before
mentioned, including California, was, therefore, $31,255,789.
The Director of the Mint, in his report for 1882, estimated the amount
of coin in the country on June 30, 1882, at $700,455,545, of which
$500,862,185 was gold and $199,573,360 was silver.




REPORT OF THE COMPTROLLER OF THE CURRENCY.

67

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

United States coin.
Corrected circulation July 1, 1884
Tear's coinage

j

Net imports .

Silver.

Totals.

$521, 632, 442 $250, 617, 357 $772, 249, 799
28,848,959 j 53, 710, 082
24, 861,123
535,449
1, 541, 730
1, 006, 281
547, 499, 846

Total loss .

280,001,765

827,501,611

325, 210
5, 000, 000

Totals.
Less deposits for recoinage.
Used in the arts

877, 564
300, 000

1, 202, 774
5, 300, 000

5,325,210 |

Circulation July 1, 1885

j • 542,174, 636

Net gain during the year

|

20, 542,.194

6, 502, 774

1,177, 564
278, 824, 201

820, 998, 837

28, 206, 844

48, 749, C

From July 1,1885, to November 1,1885, there has been coined $8,753,147
of gold and $9,377,159 of silver, making the total stock of coin in the
country at the latter date $839,129,143, less such amounts as may have
been deposited for recoinage during this period, of which $550,927,783
was gold and $288,201,360 was silver. The amount of bullion in mint
and in the New York assay office on October 1, 1885, is stated to have
been $71,471,323 of gold and $4,568,057 of silver, making in all
$76,039,380, which, added to the amount of coin stated above, gives
$915,168,523, of which amount $622,399,106 was gold and $292,709,417
was silver.
The following table shows the amount of gold and silver, including
the amount held to protect gold and silver certificates, and the percentage of each in the Treasury of the United States on September
30 of each year from 1876 to 1885, and on November 1, 1885:
Silver.
Period.

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

Standard
dollars.

$12,155, 205
31, 806, 774
47, 784, 744
66, 092, 667
92, 228, 649
114,587,372
142, 058, 787
165, 483, 721
163, 817, 342




Per cent of—

Other coin
and bullion. Total silver.
$6, 029, 367
7, 425, 454
15, 777, 937
21,173,023
30, 878, 286
28, 945, 297
30, 769, 705
31, 858, 072
34, 408, 566
27, 558, 016
26, 806, 072

$6, 029, 367
7, 425, 454
27, 933, 142
52, 979, 797
78, 663, 030
96, 037, 964
122, 998, 354
146, 445, 444
176, 467, 353
193, 041, 737
190, 623, 414

Gold coin
and bullion.

Total coin
and bullion.

$55, 423, 059
107, 039, 529
136, 036, 302
169, 827, 571
135, 641, 450
174,361,343
152,739,106
206,130,543
217, 904, 043
251,251,114
251, 359, 349

$61, 452, 426
114,464,983
163,969,414
222, 807, 368
214,304,480
269, 399, 307
275, 737, 460
352, 575, 987
394, 371, 396
444, 292, 851
441, 982, 763

Silver.
9.8
6.5

17.0
23.8
36.7
35.3
44.6
41.5
44.7
43.5
43.4

Gold.
90.2
93.5
83.0
76.2
63.3
64.7
55.4
58.5
55.3
56.5
56.6

68

REPORT OF THE COMPTROLLER OF THE CURRENCY.

The bullion in the Bank of England for each year from 1870 to 1885
is shown in the following table, the pound sterling being estimated at
five dollars:
1870
1871
1872
1873..
1874
1875
1876
1877

$103,900,000
117,950,000
112,900,000
113,500,000
111,450,000
119,600,000
143,500,000
126,850,000

1878
1879*
18801
18811
18821
18831
1884 t
1885||

$119,200,000
150,942,980
141,637,000
115,221,870
108,689,912
121,779,545
99,161,045
107,830,670

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

Years.

Silver coin
and bullion.

Gold coin
and bullion.

Per cent, of—
Total.
Silver.

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

$13, 700, 000
16, 240, 000
26, 520, 000
31, 260, 000
62, 640, 000
101, 000, 000
127, 720, 000
173, 080, 000
211, 620, 000
245, 520, 000
244, 360, 000
231,180,000
216, 553, 000
203, 085, 000
205, 837, 862
211, 500, 000

$85, 740, 000
110, 680, 000
131, 740, 000
122, 260, 000
204, 220, 000
234, 860, 000
306, 080, 000
235, 420, 000
196, 720, 000
148, 320, 000
110, 480, 000
129,160, 000
190, 981, 300
192,112, 000
210, 927, 912
211, 005, 000

$99,440, 000
126, 920, 000
158, 260, 000
153, 520, 000
266,860, 000
335, 860, 000
433, 800, 000
408, 500, 000
408, 340, 000
393, 840, 000
354, 840, 000
360, 340, 000
407, 594, 000
395, 597, 000
416, 765, 774
422, 505, 000

13.8
12.8
16.8
20.4
23.5
30.1
29.4
42.4
51.8
62.3
68.9
64.2
53.1
51.3
49.4
50.1

Gold,
86.2
87.2
83.2
79.6
76.5
69.9
70.6
57.6
48.2
37.7
31.1
35.8
46.9
48.7
50.6
49.9

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

Section 333 of the Kevised Statutes of the United States requires the
Comptroller to present annually to Congress a statement of the condition of the banks and savings banks organized under State laws. Beturns of capital and deposits have hitherto been made by these institutions, and by private bankers, semi-annually to this Department for
purposes of taxation. From these returns the following table has been
compiled, exhibiting in concise form, by geographical divisions, the
total average capital and deposits of all the State and savings banks
and private bankers of the country for the six months ending November 30, 1882, being the last semi-annual period for which State and
* London Economist, November 8, 1879.
t London Bankers7 Magazine, October, 1880, 1881, and 1882.
t London Economist, November 1, 1884.
II London Economist, October 17, 1885.
§ The Bulletin de Statistique, as quoted in the Bankers' Magazine, New York, vol.
xiii, page 740; except the items for 1879-'8O and '81, which were obtained from the
London Bankers' Magazine for August, 1880, page 661, September, 1881, page 716,
and September. 1882, page 739, and the last three items from L'Sconomiste Francais,
November 3, 1883, and November I, 1884.



69

REPORT OF THE COMPTROLLER OF THE CURRENCY.

savings banks and private bankers were required to make returns for
taxation purposes.
State banks and trust
companies.
Geographical divisions.

Savings
Savings b a n k s with
banks withcapital.

Private bankers.

out capital.

No. Capital. Depos- No. Capital. Depos- N o . Capital. Depos- No. Deposits.
its.
its.
its.

Mill's. MilVs.

New England States..
Middle States
Southern States
Western States and
Territories

40
210
248

United States..

Mill's.

MilVs.
Mill's. Mill's.
0.89 420 436. 25
0.10
5.34 171 486. 98
0.63
1.50
2
1.80
0.56

6.22
62.42
6.33

MilVs.
6.57
112. 69
20.68

168. 40 2,062

30.31

149. 02

25

2.73

35.74

32

35.23

490. 00 3, 412

105. 28

288. 96

42

4.02

43.47 625

960. 26

8.30
40.60
25.34

31.64
244.02
45.94

563

48.90

1,061

123.14

94
967
289

2
8
7

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

Geographical divisions.

State banks, savings
banks, private bankers, &c.
No.

New England States
Middle States
Southern States.
Western States and
Territories

Capital. I Deposits.! No. j Capital. Deposits.! No.

14.62 !
103.66 |
32.23

475. 35
849. 03
69.90

I Millions.
560 I 166. 23
691 I 173.19
214 :
34. 80

81.93 i

388.42

843i

Millions. '• Millions.
1,356
546 !

United S t a t e s . . . 5,140 ;

National banks.

232. 44 j 1, 782. 70 2, 308 |

110. 66

Millions.
193.15 1,116
556. 55 2,047
68.84
760
301. 28 |3, 525

484. ?8 j 1,119. 82 17, 448

Total.
Capital.

Deposits.

Millions. Millions.
180. 85
276. 85
67.03
192. 59 |
717. 32

668. 50
1, 405. 58
138. 74
689. 70
2, 902. 52

The total number of banks and bankers in the country at the date
named was 7,448, with a total banking capital of $717,318,822, and total
deposits of $2,902,522,245.
In the Appendix will be found similar tables for various periods from
1875 to 1882. On a subsequent page in this report, under the head of
" State banks, savings banks, and trust companies/7 will be found tables
showing the resources and liabilities of these corporations for the present
year, and in the Appendix similar results for previous years.
A table arranged by States and principal cities, giving the number,
capital, and deposits, and the tax thereon, of all banking institutions
other than national, and of the private bankers of the country, for the
six months ending November 30, 1882, and for previous years, will also
be found in the Appendix.
The following table exhibits, for corresponding dates nearest to May
31, in each of the last seven years, and to November 30,1882, the aggre


70

REPORT OF THE COMPTROLLER OF THE CURRENCY,

gate amounts of the capital and deposits of each of the classes of banks
given in the foregoing table:
Nai bional banks.

State banks, private
bankers,

Savings banks
with capital.

Savings
banks without capital.

Total

Tears.
No.

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

2,091
2,078
2,056
2,048
2,076
2,115
2,239
2,308

Capital.

Deposits.

Mills. Mills.
500.4
713. 5
481.0
768.2
677.2
470.4
455.3
713.4
455.9
900.8
460.2 1, 039. 9
477.2 1,131. 7
484.9 1,119. 8

No.

3,803
3,709
3,799
3,639
3,798
4,016
4,403
4,473

Capi- DeposCapi- DeposNo.
No. Depos- No.
tal.
its.
tal.
its.
its.
Mills. Mitt's.
Mills. Mills.
214.0 480.0 26
5.0
37.2 691
218.6 470.5 26
4.9
38.2 676
202.2 413.3 23
3.2
26.2 668
197.0 397.0 29
4.2
36.1 644
190.1 501.5 29
4.0
34.6 629
206.5 627.5 36
4.2
37.6 629
231.0 747.6 38
3.9
41.3 622
228.4 779.0 42
4.0
43.5 625

Mills.
844.6
843.2
803.3
747.1
783.0
862.3
929.8
960. 2

Capi- Depostal.
its.

6,611
6,579
6,450
6,360
6. 532
6,796
7,302
7,448

Mills.
719.4
704. 5
675.8
656. 5
650.0
670.9
712.1
717.3

Mills.
2, 075. 3
2,120.1
1, 920. 0
1, 893. 5
2, 219. 9
2, 667. 3
2, 850.4
2, 902. 5

* I n the last table of the series the returns are given for the six months ending May 31,1882, and also
for t h e six months ending November 30, of the same year.

It will noticed that the first two tables of this chapter are for the
six months ending November 30, while all similar tables in previous
reports have been for the six months ending May 31. The law repealing the tax on capital and deposits of State banks and private bankers
went into effect on November 30, 1882, in accordance with the opinion
of the Attorney-General, and for this reason the Comptroller has given
the returns to that date, which was the lait data to be obtained from
this source.
AMOUNT

OF

UNITED

STATES
UNDER

BONDS

HELD

BY BANKS

ORGANIZED

STATE LAWS.

Through the courtesy of State officers the Comptroller has obtained
official reports made to them under State laws by State banks in twentysix States, by trust companies in five States, and by savings banks in
fifteen States, at different dates during the years 1884 and 1885, and
from these returns the following table has been compiled:
Held by 975 State banks in twenty-six States
Held by 40 trust companies in five States
Held by 646 savings banks in fifteen States

$2,994, 806
25, 376, 400
191,980, 698

Total

220,351,904

The interest bearing funded debt of the United States on November
1, including $64,623,512 Pacific sixes, and excluding $14,000,000 Navy
pension fund, was $1,260,778,162. The total amount of bonds held by
the national banks, $308,364,550, and by the State savings banks and
trust companies, $220,351,904, is about 42 per cent, of the interest-bearing debt. The amount of United States bonds held by State banks,
trust companies, and savings banks, is given by geographical divisions
for the years 1881, 1882, 1883, 1884, and 1885, as follows:
Geographical divisions.
Eastern States
Middle States
Southern States
Western States
Pacific States

•
..

......

Total

1881.

1882.

1883.

$40, 468, 340
176, 373, 889
1, 073, 460
5, 735, 518
14, 874, 332

$42, 667,
197,135,
268,
3, 369,
20, 020,

238, 525, 539

263, 460, 426

248 $37, 399, 819
239 182, 847, 588
350
646, 500
414
3,105, 024
175
17, 743, 978
241, 742, 909

1884.

1885.

$30, 806, 938
188, 640, 523
96, 750
2, 390, 780
(*)

$30,121, 432
186, 642, 288
136, 971
3, 451, 213
(*)

221, 934, 991

220, 351, 904

* T h e United States bonds held in the Pacific States during the last two years are not included in
t h e above table, as the returns since 1883 do not give United States bonds separately from other bonds

held.



REPORT OF THE COMPTROLLER.OF THE CURRENCY.

71

In previous reports the Comptroller has given the amount of United
States bonds held by banks organized under State laws and by private
bankers as returned to the Commissioner of Internal Eevenue for purposes of taxation. A table was compiled, for purposes of comparison,
from these returns for the six months ending November 30, 1882, and
may be found in the report of this office for the year 1884, page 32.
STATE BANKS, TRUST COMPANIES, AND SAVINGS BANKS.

The act of Congress of February 19, 3^873, section 333 of the United
States Revised Statutes, requires the Comptroller to obtain from authentic sources, and report to Congress, statements exhibiting under appropriate heads the resources and liabilities of such banks and savings
banks as are organized under the laws of the several States and Territories. In compliance with this act he has presented annually in the
appendices to his reports the resources and liabilities of these corporations, so far as it has been possible to obtain them. Through the courtesy of State officers, returns of State banks, savings banks, arid trust
and loan companies have, during the past year, been received from
twenty-five States. Many of the States and Territories, including West
Virginia, North Carolina, Alabama, Arkansas, Tennessee, Illinois, Oregon, and Dakota, do not require periodical returns of the condition of
the different classes of banks organized under their laws.
From these returns the following abstract has been compiled, showing the resources and liabilities of State banks and trust companies for
the last five years, the number reporting in 1881 being 683; in 1882,704;
in 1883, 788; in 1884, 852; and in 1885, 1,015:
1881.

1882.

1883.

1884.

1885.

683 banks.

704 banks.

788 banks.

852 banks.

1,015 banks.

RESOURCES.

$352, 725, 986 $404,574, 420 $462, 380, 585 $489, 067, 519 $489, 423,169
Loans and discounts
Overdrafts
1, 407, 695
1, 373,116
1, 493, 636
1, 630, 474
1, 485, 917
United States bonds
27, 680, 025
25, 673, 984
22, 725, 596
25, 708, 789 28, 371. 206
Other stocks, bonds, &c
,
42, 330, 957
45, 658, 783
52, 405, 724
59, 331, 877 62, 395| 059
Due from banks
54, 662, 829
57, 973, 718
68, 270, 664
65,354,146
82, 521, 390
Real estate
21,396,772
19, 915, 682
20,160, 547
21,211,182
24, 632, 603
Other assets
11,941,741
13, 685, 205
14,190, 044
10,513,813
14, 814, 765
Expenses
1, 136, 427
1,193, 345
1,131,586
1,235,079
1, 432 935
Cash items
16, 900, 762
18, 546, 073
35, 206, 862
28,308.216
26, 067, 594
Specie
17, 925, 628
17, 902, 760
18, 255, 300
25, 928, 757 31,255,789
Legal tenders, bank notes, &c...
27, 391, 317
27, 322, 912
28, 259, 069
32, 659, 605 39, 552, 017
575, 500,139

633,819,998

724, 479, 613

76), 949, 457 801,952,444

112,111,325
274, 941
27. 857, 976
12, 237, 320
576,413
373, 032, 632
19,105, 604
30, 303, 868

113, 361, 931
286, 391
31, 504, 352
14, 758. 438
577,419
426, 677, 092
18, 409, 351
28, 245, 024

125, 233, 036
187, 978
34, 575, 461
18,076,610
465, 011
500, 374, 217
20,918,936
24, 648, 364

133, 958, 951 151,686,840
177. 554
98,129
41, 675' 486 41,365,559
22, 337, 901 20, 082, 736
499, 017
513,177
514,111,591 532, 725, 289
27, 886, 996 30, 148, 346
20, 301, 901 25, 332, 368

LIABILITIES.

Capital stock
Circulation
Surplus fund
Undivided profits
Dividends unpaid
Deposits
Due to banks
Other liabilities
Totals

j 575,500,139

633,819,998} 724,479,613) 760, 949, 457

801, 952, 444

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



72

REPORT OF THE COMPTROLLER OF THE CURRENCY.

South Carolina, Georgia, Florida, Louisiana, Kentucky, and Missouri.
The only Pacific States were California and Colorado. There are no
State banks in Maine, but 1 in New Hampshire, 7 in Vermont, and none
in Massachusetts. There are, however, 6 trust and loan companies in
the latter State, 1 in Ehode Island, and 6 in Connecticut.
<
SAVINGS BANKS.

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

1882.

629 banks.

1883.

629 banks.

1884.

1885.

630 banks.

636 banks.

646 banks.

I
RESOURCES.

Loans on real estate
$307, 096,158 $307, 089, 227 $328,197, 858 $358, 636, 040 $389, 953, 928
Loans on personal and collateral
141, 457, 111 133, 716, 902
security
95, 817, 641 128, 483, 698 155, 874, 522
United States bonds
210, 845, 514 237, 786, 442 219, 017, 313 196, 226, 202 191, 980, 698
State, municipal, and other bends
and-stocks
159, 819, 942 206, 291. 274 190, 629, 915 222,218,006 228, 993, 250
32, 994; 578 41,695,701
50, 994, 579 59, 585, 489
Railroad bonds and stocks
27, 069, 048
35, 365, 717 36, 587, 817
37, 929, 754 38. 460, 603
Bank stock
'
38, 249,203
39, 882, 429 37,224,601
32,174,810
34,467,276
Real estate
| 41, 987, 674
11, 047, 346 53, 235, 771
68, 445, 304
69,366,584
Other assets
! 37, 408,163
132, 204
135, 572
144, 223
166, 636
156, 944
Expenses
j
38, 977,135
43,184, 629
52, 358, 971 46,125, 014
Due from banks
I 40, 603, 641
14, 932, 015 12, 998, 594
758,106
14, 079, 452 13, 423, 064
Cash
13,
Totals

967,790,662 1,052,982,065 1,118,790,944 1,177, 740, 919 II, 203v 025, 698

LIABILITIES.

Deposits
Surplus fund
Undivided profits
Other liabilities ..
Totals..

891, 961,142
60, 289, 905
10, 325, 800
5,213,815

966, 797, 081 1, 024, 856, 787 1, 073, 294, 955 1, 095,172,147
69, 454, 512
72, 784,155
82, 395, 717
88, 647, 315
11,136, 219
15, 738, 223
16, 904, 753
13,106, 359
5, 594, 253
5, 411, 779
5,145, 494
6, 099, 877

967, 790, 662 Jl, 052, 982, 065 1, 118, 790, 944 1,177, 740, 919 |1, 203, 025, 698

The foregoing table includes the returns from six NeV England
States; from four Middle States, not including Delaware; from the
States of Ohio, Indiana, Minnesota, California, and the District of
Columbia.
The aggregate of loans in the New England States is $297,220,022 and
of deposits $492,373,407. In the Middle States the aggregate of loans
is $172,779,215 and of deposits $525,151,161. Some of the largest
savings banks in the city of Philadelphia organized under old charters
are not required to make reports to any State officer. Eeturns directly
received from four of these banks, having deposits amounting to
$35,362,660, are included in the returns from the State of Pennsylvania.
The savings-banks deposits, given in the foregoing table for 1885, based
upon reports made to the State authorities, are $1,095,172,147, and the
deposits of the State banks and trust companies are $532,725,289.
These returns do not include bank deposits. The deposits of the
national banks on October 1, 1885, exclusive of those due to banks,
were $1,102,354,658.
No just comparison of the deposits of national banks with those of
savings banks, State banks and trust companies can be made, owing to
the fact that the reports of many of the latter classes of banks were
made to the State authorities at various dates in 1884 and 1885.



REPORT OF THE COMPTROLLER OF THE CURRENCY.

73

The total population of New England, according to the census of 1880,
was 4,010,529, and the number of open deposit accounts of the savings
banks in the year 1885 is 1,460,185, which is equal to about 36.4 accounts to each one hundred of the entire population. The average
amount of each account is $337.21, or an average of $122.77 per capita.
The deposits of the savings banks in the State of New York were
$437,107,501, and the population was 5,082,871, showing an average of
about $86 per capita.
Tables showing the aggregate resources and liabilities of State banks,
trust companies, and savings banks in each State from which returns
have been received from the State authorities appear in the Appendix.
A table is also there given showing by States the number of savings
banks, depositors, and the average amount due to each in 1884 and 1885.
Since November 30, 1882, the Comptroller has been entirely dependent
for this information upon returns from the officers of the different States,
and where the law requires such returns to be made, they are as a
rule promptly and courteously forwarded to this office at his request.
PRIVATE BANKERS.

The first official information relating to the private bankers of the
country published by this office was contained in a table in the Comptroller's report for 1880, and the last information obtained in reference to
them was for the semi-annual period ending November 30,1882. A table
will be found in the Appendix giving information for this and previous
years.
APPENDIX.

Tables will be found in the Appendix exhibiting the reserve of the
national banks, as shown by their reports, from October 1, 1878, to
October 1, 1885; the reserve by States and principal cities for October 1, 1885, and in the States and Territories, in New York City, and
in other reserve cities, separately, at three dates in each year from 1881
to 1885.
Special attention is called to the synopsis of judicial decisions contained in the Appendix, to the numerous and carefully prepared tables
in both Report and Appendix, and to the index of subjects and list of
tables to be found on page 247. At the end of the full volume, of nearly
1,200 pages, is an alphabetical list of the cities and villages in which
the national banks are situated.
The Comptroller, in concluding this report, desires to gratefully acknowledge the industry and efficiency of the officers and clerks associated with him in the discharge of official duties, many of whom, in
addition to attending to their regular duties, have been compelled^
owing to the growth of the national banking system and the extension
of the corporate existence of national associations, to perform a large
amount of extra work, without regard to oMce hours.

HENEY W. CANNON,

Comptroller of the Currency.
To THE HONORABLE
THE SPEAKER OF THE HOUSE OF EEPRESENTATIVES.




APPENDIX.

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

Name.
Henry W. Cannon
John S. Langworthy

Comptroller
Deputy Comptroller .

Salary.
$5, 000 00
2, 800 00

William B. Greene .
Frank A. Miller ....
Edward S. Peck .
Alonzo B. Dickerson
David L. Perkins
Watson W. Eldridge .
Theodore 0. Ebaugh..

Chief of division
do .
do
I
do .
Superintendent
Teller
Bookkeeper
Assistant bookkeeper .

Charles E. Brayton
James C. Brown
Fernando C. Cate
George T. May
Edmund E. Schreiner
William Sinclair
Charles J. Stoddard
George H. Wood
Edward A. Demaray
Charles H. Cherry
John A. Hebrew
Washington K. McCoy
Isaac C. Miller
William D. Swan"'
Walter Taylor
Charles McC. Taylor
Edwin D. Tracy
William H. Walton
Frederick Widdo ws

Fourth-class clerk.
do .
do .
do .
do .
do .
do .
I
do
Stenographer
Third-class clerk
j
do
!
do
I
do
|
do
.do .
.do .
.do .
.do .
.do .
.do .

1,800
1, 800
1, 800
1, 800
1,800
1, 800
1,800
1,800

00
00
00
00
00
00
00
00

1,600
I, 600
1, 600
1, 600
1, 600
1, 600
1,600
1, 600
1,600
1,600
1,600
1, 600

00
00
00
00
00
00
00
00
00
00
00
00

Second-class clerk
.do .
.do .
.do .
.do .
.do .
.do .
.do .

1,400
1,400
1, 400
1, 400
1,400
1,400
1,400
1,400

00
00
00
00
00
00
00
00

First-class clerk .
do
do .
.do ..
.do
do .
.do .
.do .

1,200
1,200
1,200
1,200
1, 200
1, 200
1,200
1,200

00
00
00
00
00
00
00
00

Clerk .
do ...
Engineer .

1,000 00
1, 000 00
1,000 00

'.

William E. Colladay
J. Edward De Saules
Julia R. Donoho
Charles B. Hinckley
H. Le Hoy Livingston
Mary L. McCormick
Morris M. Ogden
Arthur M. Wheeler
Eveline C. Bates
Harriet M. Black
Sarah F. Fitzgerald
Eliza K. H.v de
George H. Koehler
Joseph K. Miller
Carrie L. Pennock
Margaretta L. Simpson
Eliza M. Barker
Eliza M. Peters
Lafayette J. Garner
Thomas H. Austin
Ettie J. Broughler
Margaret L. Browne




.»

,

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

2,
2,
2,
2,

200
200
200
200

00
00
00
00

2, 000 00
2, 000 00
2, 000 00
2, (J00 00

900 00
900 00
900 00

75

76

EEPORT OF THE COMPTKOLLER OF THE CURRENCY.
NAMES and COMPENSATION of OFFICERS and CLERKS, #c—Continued.
Grade.

Name.
Louisa Campbell
Virginia H. Clarke
Sarah G. Clemens
Mary L. Conrad ...
Julia De Quindre
Margaret F. Dewar
Annabella H. Finlay
Margaret E. Gooding ..
William H. Heald
Rebecca C. Hulburd - - Alice M. Kennedy
Lucretia W. Knowlton.
Emma Lafayette
Edward S. May
Maggie B. Miller
Margaret F. Ogden
Mary E. Oliver
Annie E. Ranney
Emily H. Reed
Marie Richardson
Hannah Sanderson
Eliza Saunders ..
Fayette C. Snead
Matilda Stoffregen
Amelia P. Stoekdale ...
Sarah A. W. Tiffey
Therese E. Tilley
Julia C. Townsend
Anna M. Whiteside....
Ephraim S. Wilcox

Clerk .
.do .
do.
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
do .
.do .
.do .
.do.
.do.
.do .
.do .
.do.
.do.
.do .
.do .
.do .
.do .
.do.
do .
.do .

Abram TV. Dyson.
PhiloL.Bush
William Griffiths .
Silas Holmes

Messenger
Assistant messenger,
do .
.do.
Watchman .
do .
Fireman .
Laborer..
do ..
.do .

Langs ton W. Allen .
Thomas Jackson ...
John A. McDonald .
Mary D. Tarrisse
Lambert A. Whiteley.

Salary.
$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
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
720
720
720

00
00
00
00

720 00
720 00
720 00
660 00
660 00
660 00

Expenses of the office of the Comptroller of the Currency for the fiscal year ending June 30,
1885.
For special dies, plates, printing, &c
For salaries
:
For salaries reimbursable by national banks

,

$123,618 91
101,674 47
16,756 43

Total expenses of the office of the Comptroller of the Currency from its organization to June 30, 1885, $6,066,227.37.
The contingent expenses of the office are not paid by the Comptroller, but from the
general appropriation for contingent expenses of the Treasury Department; and as
separate accounts are not kept for the different Bureaus, the amount cannot be stated.




REPORT OF THE COMPTROLLER OF THE CURRENCY.

77

SYNOPSIS of DECISIONS of the SUPREME and CIRCUIT COURTS of the UNITED
STATES and of STATE CO URTS of LAST RESORT, upon Q UESTIONS ARISING
UNDER THE NATIONAL BANK ACT and upon COGNATE POINTS of INTEREST to BANKS and to PARTIES HA VING DEALINGS with them*
ABATEMENT.

I. An action brought by a creditor of a national bank is abated by a decree of
a district or circuit court dissolving the corporation and forfeiting its franchises. (First National Bank of Selma vs. Colby, 21 Wallace, p. 609.
II. Suit by the receiver of the New Orleans National Banking Association (formerly
a State organization called the Bank of New Orleans) against a shareholder
to enforce his personal liability. Plea in abatement that " at the date of
the appointment of said receiver there was not, nor has there since been,
nor is there now, any such corporation as said New Orleans National Banking Association, because said Bank of New Orleans had no power by its
charter, nor authority otherwise from the State of Louisiana, to change its
organization to that of a national association under the laws of the United
States.'7
On general demurrer this plea was held bad, because no authority from
the State was necessary to enable the bank to make such change. The option to do so was given by the forty-fourth section of the banking act of
Congress, 13 Statutes, 112. " The power there conferred was ample, audits
validity cannot be doubted." (Casey, Receiver, $c, vs. Galli, 4 Otto, p. 673.)
This plea was also held bad upon the additional ground that " where a
shareholder of a corporation is called upon to respond to a liability as such,
and where a party has contracted with a corporation, and is sued on his
contract, neither is permitted to deny the existence and legal validity of
such corporation." (Ibid.)
" To hold otherwise," says Mr. Justice Swayne (p. 680), " would be contrary to the plainest principles of reason and good faith, and involve a
mockery of justice. Parties must take the consequences of the positions
they assume. They are estopped to deny the reality of the state of
things which they have made to appear to exist, and upon which others
have been led to rely. Sound ethics require that the apparent, in its effects
and consequences, should be as if it were real, and the law properly so regards it."
ACCOMMODATION ACCEPTANCES, INDORSEMENTS, AND NOTES.

I. Where bills, indorsed by a national bank for accommodation only, had been
negotiated by the bank through its usual channels of communication with
its correspondents as its own bills, and the proceeds thereof have been
placed to the credit of the bank, which thereupon gave the same credit to
the parties for whom it had thus indorsed, and received no benefit therefrom : Held, that although an accommodation indorsement by a national
bank, in such cases, was void in the hands of holders against whom notice
of the character of the indorsement could be concluded, yet that tbe bank
was liable for the same to holders, for value without notice. (Blair vs. First
National Bank of Mansfield, Ohio. United States Circuit Court for Ohio, at
Cleveland, November term, 1875, Emmons, J. Reported in Bankers' Magazine
for March, 1878, pp. 721-5.)
II. It is no defense in a suit against the acceptor of a draft which has been discounted, and upon which money has been advanced by plaintiff, that the
draft was accepted for the accommodation of the drawer. (Davis vs. Randall, 115 Mass., p. 547.)
III. A national bank discounted a note made by the defendant for the benefit of
the payee, and which the payee agreed to take care of at maturity: Held,
that the bank could recover the note although it had, when it took the
note, full notice of the circumstances under which it was given. (T/iatcher
vs. West River National Bank, 19 Mich., p. 196.)
(See, also, Title "EVIDENCE.")
IV. That the accommodation acceptance, indorsement, bill, or note of a corporation is ultra vires. (See Bank of Genesee vs. Patchin Bank, 13 N. F., p. 309,
and 19 N. Y., p. 312 ; Bank of Auburn vs. Putnam, jr., 1 Abb. App. Decisions,
* Many of the decisions cited in this synopsis will be found in " Thompson's National
Bank Cases," vols. 1 and 2; but in most instances reference is made to the original
report, thus indicating the tribunal by which the point was decided.



78

REPORT* OF THE COMPTROLLER OF THE CURRENCY.

ACCOMMODATION ACCEPTANCES, INDORSEMENTS, AND NOTES—Continued.

p. 80; Monfords vs. Farmers $r Mechanics' Bank, 26 Bard., p. 568 j Farmers $Mechanics7 Bank vs. Troy City Bank, 1 Doug. [Mich.], p. 45.)
[NOTE.—In the Uuited States Circuit Court, Western District, Virginia,
Judge Bond has recently decided the cases of SeligmanfyCo. vs. The Charlottesville National Bank, and Johnston BrothersfyCo. against the same bank.
The ftest was an action of covenant upon a letter of credit for £5,000, issued
under the seal of the bank, pursuant to a resolution of the board of directors, guaranteeing the drafts of Flannagan & Son to the amount of said
letter. The latter wasassumpsit upon five bills of exchange for $5,000 each,
dated April 16, 1875, each drawn by said Charlottesville Bank upon the
Citizens' National Bank of Baltimore, payable to the order of Flannagan
& Son, acceptance waived, maturing upon days "fixed" within five days
of each other, the first, November 20, and the last, December 10 of same
year. Said bills were not drawn against funds due or to become due from
the said Citizens' to said Charlottesville Bank, but were a mere loan of the
credit of the latter bank (it being without funds) to the said Flannagan
& Son, and drawn to be used by the latter, as they were used, as collatteral security in part for a loan of $25,000, made by said Johnston Brothers
fy Co. to said Flannagan & Son. Said plaintiffs took said bills as such
collateral security, and with full notice of all the facts aforesaid. Held, 1st.
That said letter of credit and said bills of exchange were only the accommodation paper of said Charlottesville National Bank, and, as such, void
in the hands of the plaintiffs, holding with full notice of their character*.
2d. That the incidental powers conferred upon national banks are not such
as are conferred upon banks generally, but only such as are necessary to
carry on the specific banking business prescribed by the national-bank
act. Hence, though such banks may borrow money for certain purposes,
they have no power to loan their credit to customers. These cases were
reported in the Bankers' Magazine for December, 1879.]
ACTIONS.

I. A national bank may be sued in the proper State court. (Bank of Bethel vs.
Pahquioque Bank, 14 Wall., pp. 383, 395.)
II. Such banks may sue in Federal courts. The word " b y " was omitted in
section 57 of act of 1864 by mistake. (Kennedy vs. Gibson, 8 Wall,,pp. 506-7.)
III. Receivers may also sue in United States courts. (Ibid.)
IV. When the full personal liability of shareholders is to be enforced, the action
must be at law. (Kennedy vs. Gibson, 8 Wall.,p. 505; see, also, Casey, tfc,
vs. Galli, supra.)
V. But if contribution only is sought, the proceedings may be in equity, joining
all the shareholders within the jurisdiction of the court. (Ibid., pp. 505-6.)
(See, also, Title "SHAREHOLDERS, INDIVIDUAL LIABILITIES OF," VI, post.)

VI. But in Bailey, Receiver, <fc, vs. First National Bank of Duluth, U. S. Circuit
Court for Minnesota, Nelson, J. : Held, that even where less than the par
value was assessed the suit mighthe at law ; and this would seem to be the
true theory.
(See Bankers' Magazine, April, 1877, p. 793.)
[NOTK.—In Stanton, Receiver,fyc,vs. fVilkeson, 8 Ben., 357, the point was
distinctly made before Judge Blatchford. The suit was brought to enforce
an assessment of sixty per centum, and defendant insisted that plaintiff
should have proceeded by bill in equity ; but the court held that the action
at law was the proper remedy, at the option of the receiver.]
VII. A national bank located iu one State may bring action in the circuit court
of the United States sitting within another State against a citizen thereof.
(Manufacturers' National Bank vs. Baack, 8 Blatch.,p. 147.)
VIII. In such action it will be presumed, so far as the question of jurisdiction is
concerned, that the stockholders of such bank are citizens of the State where
the bank is located. (Ibid.) But in case of Commercial Bank of Cleveland
vs. Simmons, decided in the United States Circuit Court Northern District
of Ohio, it was held that a national bank does not sue in the Federal court
by virtue of any right conferred by the judiciary act of 1789, but by virtue
of the right conferred by its charter, the national bank act, and this would
seem to be the true doctrine. (See Thomp. National Bank Cases, p. 295. Also
First National Bank of Omaha vs. County of Douglas, 3 Dillon, p. 298, decided
by Mr. Justice Miller, of the United States Supreme Court.)
IX. Natioual banks can be sued only in the courts designated in the national
bank act. Therefore a State court of New York has no jurisdiction of an
action against a national bank located in Alabama. (Cadlevs. Tracy, 11
Blatch.,p. 101.) To the contrary of this, see Cooke vs. State National Bankt
 52 N. Y.,p. 96.


REPORT OF THE COMPTROLLER OF THE CURRENCY.

79

ACTIONS—Continued.
X. Actions in their nature local, in the technical legal meaning of that word,
may be brought against a national bank in the State court of the proper
county. (Casey vs. Adams, 102 U. S., p. 66.)
(See, also, Title "JURISDICTION," post.)
XI. An action brought against a national bank in a State court was, upon its petition, removed to the Federal court, and a motion was made to remand it
in the United States circuit court for the southern district of New York.
Judge Wallace denied the motion on the ground that the right of a national
bank, as a corporation created by Congress, to remove a suit brought against
it in a State court, is clearly conferred by section 2 of the removal act of
1875. It has been determined that any suit brought by a corporation
created by Congress was one arising under the laws of the United States.
(Cruikshank vs. Fourth National Bank, June 19, 1883.;
XII. In a suit brought in the United States circuit court against the stockholders
of the Pacific National Bank upon their personal liability, motion was
made to dismiss suit for want of jurisdiction, based principally upon the
alleged effect of the act of July 12, 1882, placing national banks on the
same footing with other banks. The motion was denied.
XIII. The act of July 12, 1882, placed national and other banks on the same footing as to their right to sue in the Federal courts, and, consequently, a
national bank cannot, merely in virtue of a corporate right, sue in such
courts. But national banks, like other banks and citizens, may sue in such
courts whenever the subject-matter of litigation involves some matter of
Federal jurisdiction. (Union National Bank vs. Miller, C. C. S. D. Ohio, W.
D., March 26, 1883. Fed. Rep., vol. xv, 1703.)
XIV. Under section 1001 of the Revised Statutes no bond for the prosecution of
the suit, or to answer in damages and costs, is required on writs of error
or appeals issuing from or brought to this court by direction of the Comptroller of the Currency in suits by or against insolvent national banks, or
the receivers thereof. (Pacific National Bank vs. Geo. Mixter, U. S. Supreme
Court, October Term, 1884.)
ATTACHMENTS OF ASSETS.

I. When a creditor attaches the property of an insolvent national bank, he cannot hold such property against the claim of a receiver appointed after the
attachment suit was commenced. Such creditor must share pro rata with
all others. (Bank of Stlma vs. Colby, 21 Wall., p. 609; see, also, Harvey vs.
Allen, 16 Blatchf., p. 29.)
(See, also, Title "JURISDICTION," II, post.)
II. Section 5242 Revised Statutes United States prohibits the issuing of an attachment against a national bank by any State, county, or municipal court
before final judgment. (Central National Bank vs. Richland National Bank,
52 Howard [N F.], P- 136.)
III. In Bobinson vs. National Bank of New Berne, 58 Bow., p. 306, the court of
appeals decides that a State court can issue attachment process against a
solvent national bank, located in another State, upon which its funds within
the jurisdiction of such court can be seized and subjected to the satisfaction
of any claim established by the judgment of such tribunal. But in the
supreme court of New York, in Rhoner vs. First National Bank of Allen town,
14 Hun., p. 126, the contrary doctrine is held, in accordance with the ruling
in Central National Bank vs. Richland National Bank, 52 How., p. 136, heretofore cited."
[NOTE.—It is submitted that the latter is the correct rule. The currency
act favors the policy, on the part of country bauks, of keeping a large
portion of their reserve in certain cities. But if such banks are advised
that such reserve funds are there subject, at any moment, to be seized by
process of a State court, at the instance or caprice of any resident who may
think himself a creditor, such deposits will be made with more or less hesitation, or not at all.]
ATTORNEYS.

I. Section 56 of the currency act is directory only, and it cannot be objected by
defense that a suit is brought by a private attorney instead of the United
States district attorney. (Kennedy vs. Gibson, 8 Wall., p. 504.)
BY-LAWS.

I. A national bank cannot by its by-laws create a lien on the shares of a stockholder who is a debtor of the association. (Bullard\s. National Bank, tfc,
18 Wall., p. 589.)



80

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

BY-LAWS—Continued.
(See, also, case of Bank vs. Lanier, 11 Wall., p. 369, cited under "LOANS
ON SHARES," post.)
[NOTE.—In Young vs. Vough, 23 N. J. Equity R., p. 325, it was held that
a national bank could by its by-laws prohibit the transfer of shares by a
shareholder while indebted to the bank, and that transfers in violation of
such by-laws were void. As it is held by the Supreme Court of the United
States that such by-laws can create no lien for indebtedness, it would seem
that a regulation prohibiting such transfers can be of little practical use,
even if the power exists. ]
CHECKS.

II.

III.
IV.
V.

VI.

VII.

VIII.

IX.
X.
XI.

The holder of a check on a national bank cannot sue the bank for refusing
payment, in the absence of proof that it was accepted by the bank. (National Bank of the Republic vs. Millard, 10 Wall., p. 452.)
The relation of banker and customer is that of debtor and creditor. Receiving deposits is an important part of the business of banking, but the moment they are received they become the moneys of the bank, may be loaned
as a part of its general fund, and the check of the depositor gives no lien
upon them. (Ibid., p. 155.)
Perhaps, on proof that check had been charged to the drawer, and that the
bank had settled with him on that basis, the holder or payee could recover
on account for " money had and received.7' (Ibid., pp. 155-6.)
The facts that the bank was a United States depository and the check was
drawn by a United States officer to a United States creditor do not vary
the rule. (Ibid., pp. 155-6.)
Where a bank pays a check drawn on it in favor of a party whose indorsement thereon is forged, and the same has passed through several hands,
only reasonable diligence is required to be exercised in giving notice to
prior holders of the forgery, after its discovery, in order to hold them liable.
(Shrwder vs. Harvey, 75 III., p. 638.)
A clerk of plaintiffs received from their debtors, checks, payable to their
(plaintiffs') order, in payment of sums due. The clerk, wrongfully and
without authority, indorsed the names of the plaintiffs on these checks
and transferred them to other persons, appropriating the proceeds to his
own use. Subsequently these checks were deposited with a bank, which
in good faith collected them and paid over the proceeds to the depositors.
In a suit by plaintiffs against the bank to recover the amount so collected
by it: Held, that the bank was liable. (Johnson vs. First National Bank,
13 N. Y. Sup. Court.)
Bankers are presumed to know the signatures of their customers, and paychecks purporting to be drawn by them at their peril. ( Weisser vs. Dennison, 10 N. Y.,p. 68; National Bank of the Commonwealth vs. Grocers' National Bank, 35 Howard [_N. Y. P. R.,'] p. 412.) This last case holds that if
the bank, the drawee, pays the forged check to the holder, it cannot recover back the money so paid. The same doctrine was held in case of First
National Bank of Quincy vs. Bicker, 71 III., p. 439 ; but qualified by holding
that it applied only where the presumed negligence was all on the side of
the bank, and where the holder or payee had been guilty of no fraud or act
to throw the bank off its guard.
CERTIFYING.—National banks have the power to certify checks; and this
power may be exercised by the cashier without any special authorization.
The directors can limit this power, but such limitation will be no defense
as to parties having no notice. (Merchants' .National Bank vs. State National
Bank, 10 Wall., p. 604.)
A certificate of a bank that a check is good is equivalent to an acceptance
implying that the bank has the funds to pay it, and that they are set apart
for that purpose. (Ibid., p. 604.)
A national bank is liable on a check certified by its cashier to the holder in
good faith, although the drawer has no funds- in the bank when it was
certified. (Cooke vs. State National Bank, 52 N. Y., p. 96.)
The act of Cougress of March 3,1869, making it unlawful for a national bank
to certify checks unless the drawer has at the time funds on deposit TO an
amount equal to the amount specified in the check, does not invalidate a
conditional acceptance of a check by such bank, having no funds of the
drawer in its hands at the time, but engaging to pay the same when a
draft left with it for collection by the drawer shall have been paid. (First
National Bank vs. Merchants' National Bank, 7 West Va., p. 544.)




REPORT OF THE COMPTROLLER OF THE CURRENCY.

81

C HECKS—Continued.
XII. A bank is liable to pay a subsequent bonafidepurchaser the amount of a
check which it has certified, notwithstanding the check was fraudulently
raised, if before certification, from a smaller amount. (Louisiana National
Bank vs. Citizens' Bank, 28 La. Annual, p. 189.)
XIII. When a bank was chargeable with negligence in certifying a check, Which
was so drawn as to admit of a fraudulent alteration of the amount being
easily made, and the check ivas raised: Held, that the bank was liable to a
bonafideholder, for value, for the increased amount. (Helwege vs. Hibernia
National Bank, 28 La. Annual, p. 520.)
[NOTE.—As the above case unquestionably declares the true rule of law,
prudence would seem to dictate that cashiers should always insist upon
such filling up of checks as to render alteration impracticable, before certifying.]
XIV. A certified check is not deemed dishonored by delay between its date and the
time when it is sold to a bonafidepurchaser, for value, so that the latter
takes it as overdue, and subject to equities; because, by certifying, the
bank becomes the principal debtor, and liable indefinitely, like an acceptor
of a bill of exchange. Hence, one who in good faith, and after making
reasonable inquiry, bought a certified check, three or four months after its
date, which had been stolen, was held entitled to recover its amount. (Nolan vs. The Bank of New York, 67 Barb.,p. 24.)
XV. A check contained on its face this recital: "To hold as collateral for 1,000
P. T. oil, pipage paid to Jan. 4, 1876"; across.its face the cashier wrote,
"Good when properly indorsed": Held, that the check was not drawn in
the usual course of banking business, and therefore the certificate of the
cashier did not bind the bank. (Dorsey vs. Abrams et al.y bankers, 85 Pa.,
p. 299. See, further, as to liability on checks, certified or otherwise, Dodge
vs. National Exchange Bank, 30 O., p. 1; Security Bank vs. National Bank of
the Republic, 67 N. Y, p. 458; Andrews vs. German National Bank, 9 Heisk.
\_Tenn.}, p. 211.)
BANK CHECK.

XVI. (1.) An order drawn at Kansas City, Mo., on a bank in New York City, to pay
money to H. C. or order on demand, without days of grace, is a bank check.
(2.) EQUITABLE ASSIGNMENT OF PART OF DRAWER'S FUND ON DEPOSIT.—

Where the depositor of a fund in a bank draws his check for a part of that
fund, which is presented in due time, this is an appropriation, and an
equitable assignment of so much of the fund as is called tor by the check,
although no action at law could be maintained upon it.
(3.) EQUITABLE ASSIGNMENT FOR BENEFIT OF CREDITORS.—Where a

debtor, having a large fund in bank, drew his checks in favor of certain
creditors, and thereafter, before said checks were presented, made a general
assignment of all his property for the benefit of his creditors, under a State
insolvent law: Held, that the check-holders who presented their checks
and demanded payment, while the fund remained in the hands of the bank,
were entitled to payment as against the assignee. The checks amounted to
an appropriation of so much of the fund in which they were drawn, and to
that extent it did not pass to the assignee.
(4.) PRESENTATION OF CLAIM TO ASSIGNEE—ELECTION OF REMEDY.—The

presentation by the check-holders of their claims to the assignee, and his
allowance of them, and their receipt of dividends under the assignment,
was not the election by them of a remedy which prevents a recovery in this
case. (First National Bank of Cincinnati et al. vs. Kersey Coates et al. United
States circuit court, western district of Missouri, May term, 1881. In equity.)
XVII. B, a banker, in payment of moneys collected by him for C, gave his check on
the D bank for a sum less than the amount to his credit in that bank. Before the check was presented for payment B made an assignment for creditors, of which the bank had notice. Held, that the check operated as an
equitable assignment to C of the deposit to the amount named in the check,
and that C was entitled to such amount in preference to the assignee for
creditors. (German Savings Institution vs. Adae, United States Circuit Court,
Eastern District of Missouri, March, 1880.)
CIRCULATION.

The circulating notes of a national bank are valid without theljmprint of the
seal of the United States Treasury. ( U. S. vs. Bennett'll%Blatchf., 357.)
CITIZENSHIP.

I. National banks are citizens of the State in which they are organized and.
located, and when sued by national banks of other States have a right to


5745 CUR


6

82

REPORT OF THE COMPTROLLER OF THE CURRENCY.

CITIZENSHIP—Continued.

demand a removal of the suit from a State to the proper Federal court.
{Chatham National Bank vs. Merchants1 National Bank, 4 Thompson <f Cooky
N. Y. Sup. C, p. 196, and 1 Hunter IN. F.], p. 702; Davis vs. Cook, 9 Nevada,
p. 134.)
(See also Title "ACTIONS" V and VI, supra.)
II. A national bank, being a citizen of the State in which it is located, may be
required to give security for costs when suing in another State; and in
the State of New York such security may be required, because the bank is
regarded as a corporation created by a foreign State. (National Park Bank
vs. Gunst, 1 Abbott's New Cases, p. 292.)
COLLECTIONS.

I. A bank receiving paper for collection undertakes to use due diligence in
making demand at maturity, and giving the proper notices of non-payment.
An unreasonable delay will charge the bank with liability for the amount;
and proof that the paper would not have been paid, if presented, will constitute no defense. (Bank of Washington vs. Triplett, 1 Peters, p. 25; Bank
of New Hanover vs. Kenner, 76 N. C.,p. 340; Steelevs. Russell,5 Nebr.,p. 211;
Capital State Bank vs. Lane, 52 Miss., p. 677; Fabens vs. Mercantile Bank, 23
Pick. [Mass.], p. 320.)
II. And if the bank receiving paper for collection, upon a sufficient consideration, transmits it to another bank to be collected, the receiving bank will
be liable for the misconduct of such other bank, unless there is some agreement to the contrary. (Montgomery County Bank vs. Albany City Lank, 7
N. Y., p. 459; Commercial Bank vs. Union Bank, 11 N. Y., p. 203; Kent vs.
Daivson, 13 Blatchf., p. 237; First National Bank vs. First National Bank of
Denver. 4 Dill, p. 290.)
III. A bank received a check upon itself for collection, being at the same time
a large creditor of the drawer, and failed, without excuse, to notify the
depositor of the non-payment of the check: Held, that the bank was chargeable for the negligence. (Bank of New Hanover vs. Kenner. supra.)
IV. A bank holding a check for collection, and accepting the certification of the
bank upon which it is drawn, in lieu of payment, assumes the risk and
thereby becomes liable to the owner for the amount, with interest from
date of certification. (Essex County National Bank vs. Bank of Montreal, 7
Bissell, p. 193.)
V. The Corn Exchange National Bank of Chicago sent defendant, the Dawson Bank,
at Wilmington, N. C , a draft drawn upon one- Wistvall, living at Washington,
N. C , for collection. Defendant by letter acknowledged the receipt of the
draft, stating that it had been credited to the Corn Exchange Bank and
entered for collection. Thereupon defendant sent draft to Burbank fy Gallagher, bankers at Washington, N. C , for collection. The latter house collected the draft, but failed and passed into bankruptcy before remitting.
In a suit brought by the assignee of the Corn Exchange National Bank
against the Dawson Bank to recover the proceeds of the draft: Held, per
Wallace, J., that the latter bank was liable for the amount. (Kent, assignee,
fyc, vs. The Dawson Bank, 13 Blatchf., p. 237.)
[NOTE.—The court concedes that the authorities are conflicting upon the
point involved in this case. In New York, Ohio, and in England, the decisions sustain the conclusions of Judge Wallace, while in Connecticut, Massachusetts, Illinois, and Pennsylvania precisely the contrary rule prevails. The
point was made in this case that the law of Illinois should control the rights
of parties, but it was held otherwise.]
VI. In an action by G against a bank it appeared that a note was made to G'a
order, indorsed by him, and sent through the house of B, a banker, for collection, and by B indorsed to the defendant bank "for collection and
credit": Held, that B, by the indorsement, did not become the owner of the
note, and had no right to pledge it, or direct its proceeds to be credited to
him in payment of his indebtedness to the defendant bank. (First National
Bank vs. Gregg, 79 Pa., p. 384.)
VII. In such case, if the defendant bank had made advances, or given new credit
to B on the faith of the note, it would have been entitled to retain the
amount out of the proceeds (Ibid.)
VIII. A bank holding a customer's demand note has a lien upon the proceeds of
drafts delivered to it for collection, after the giving of the note, though
collected after the filing of a petition in bankruptcy, and can apply such
proceeds upon the notes. (Be Farnsworth, 5 Biss., p. 223.)



REPORT OF THE COMPTROLLER OF THE CURRENCY.

83

COLLECTIONS—Continued.

IX. A collection agent who receives from his principal a bill of lading of merchandise, delivered to order, and attaches to it a time draft, may, in the absence of special instructions, deliver the bill of lading to the drawee of the
draft upon the latter's acceptance of the draft. It is not the duty of the
agent to hold 1 bill after such acceptance. (National Bank of Commerce
the
vs. Merchants National Bank, 1 Otto, p. 92.)
X. WoolenfyCo., bankers at Indianapolis, sent to defendant, a bank at Buffalo,
a draft on one Bugbee; also bills of lading for sundry car-loads of lumber.
The remittance was by letter, which merely stated that the draft and bills
were sent to defendant for collection and remittance of proceeds to plaintiffs, Woolen <$• Co. The draft was drawn by, and to the order of, Coder 8f
Co., indorsed by them, by Mayhew, and the plaintiffs. By the terms of the
draft the drawer, indorsers, and acceptor waived presentment for payment
and notice of protest and non-payment. It was payable fifteen days after
its date, and it was admitted that by ordinary course of transit the lumber
would reach its destination eight days prior to the maturity of the draft.
There had been no business transactions between plaintiffs and defendants,
save one collection similar to this. Defendants presented the draft to Bugbee for acceptance, and upon such acceptance delivered to him the bills of
lading. Bugbee failed before the draft matured, and plaintiffs sued defendants for delivering the bills of lading to Bugbee before payment of the draft.
It was conceded that the draft was drawn for the price or value of the lumber: Held, per Wallace, J., that, the draft being on time, it must be presumed that it was the intent of parties that Bugbee should realize from
sale of the lumber the funds to meet the draft at maturity. Therefore,
upon his acceptance of the draft, he was entitled to the bills of lading, and
defendants were not liable for thus delivering them; but if the draft had
not been upon time, a different rule might have prevailed. ( WoolenfyWebb
vs. N. Y. and Erie Bank, 12 Blatehf., p. 359.)
XI. L transmitted to a bank a draft indorsed "for collection on his account."
The bank provisionally credited the draft, when received, to L, presented
it for payment, and surrendered it to the drawee on receipt of his check for
the amount. Instead of demanding the money on this check, the bank had
it certified "good," and on the same day suspended payment. The next
day the check was collected, and the money mingled with the other money
in the hands of the receiver: Held, that the receiver held the funds in trust
for L. (Levi vs. Missouri Bank, 5 Dillon, p. 104.)
XII. The general power of a bank to collect ceases by its suspension as to paper
previously deposited therewith. (Jockusch vs. Towsey, 51 Tex., p. 129.)
XIII. As to effect of indorsement "for collection," see Bank of Metropolis vs. First
National Bank of Jersey City, U. S. Circuit Court, S. D. N. Y., Bankers1 Magazine, August, 1884.
XIV. A bank in Pittsburgh sent to a bank in New York, for collection, eleven unaccepted drafts, dated at various times through a period of over three months,
and payable four months after date. They were all drawn on "Walter
M. Conger, secretary Newark Tea Tray Co., Newark, N. J.," and were
sent to the New York bank as drafts on the Tea Tray Company. The New
York bank sent them for collection to a bank in Newark, and in its letters
of transmission recognized them as drafts on the company. The Newark
bank took acceptances from Conger individually on his refusal to accept
as secretary, but no notice of that fact was given to the Pittsburgh bank
uutil after the first one of the drafts had matured. At that time the
drawers and an indorser had become insolvent, the drawers having been in
good credit when the Pittsburgh bank discounted the drafts: Held, that
the New York bank was liable to the Pittsburgh bank for such damages as
it had sustained by the negligence of the Newark bank.
The circuit court having on a trial before it without a jury made a finding of
facts which did not cover the issue as to damages, and given a judgment for
the defendant, this court, on reversing that judgment, remanded the case for
anew trial, being unable to render a judgment for the plaintiff for any specific amount of damages. (Exchange National Bank of Pittsburgh, Pa., vs.
The Third National Bank of New York City, U. S. Supreme Court,'lti84, Bankers' Magazine, February, 1885, p, 611.)
XV. Where a negotiable instrument, indorsed and delivered in blank to a bank,
though in fact onlj for collection, is sent by it to another bank for " collection and credit" before maturity, and the latter receives it without notice that it does not belong to the former, it may lawfully retain the proceeds of the collection to satisfy a claim for a general balance against the



84

REPORT OF THE COMPTROLLER OF THE CURRENCY.

COLLECTIONS—Continued.

other bank, if that balance lias been .allowed to arise and remain on the
faith of receiving payments from such collections pursuant to a usage between the two banks. ( Vickrey vs. State Savings Association, Federal Reporter, vol. 21, p. 773.
COMPROMISES.

I. In adjusting and compromising contested claims against it, growing out of a
legitimate banking transaction, a national bank may pay a larger sum than,
would have been exacted in satisfaction of them, so as to thereby obtain
a transfer of stocks of railroad and other corporations, in the honest belief
that, by turning them into money under more favorable circumstances than
then existed, a loss which it would otherwise suffer from the transaction
might be averted or diminished. (First National Bank vs. National Exchange
Bank, 2 Otto, p. 122.) .
II. So, also, it may accept stocks in satisfaction of a doubtful debt, with a view
to their subsequent conversion into money, in order to make good or reduce
an anticipated loss. (Ibid.)
(See, also, Title "ESTATE, REAL," I, post.)
III. A court has no power, under section 5324 of the Revised Statutes of the
United States, to order the receiver of a national bank to compound debts
which are not " bad or doubtful " ; and a composition, under such an order,
of debts not bad or doubtful, is ineffectual. (Price, receiver, $c, vs. Yates,
2 Thomp. Cases, p. 204, U. S. Circuit Court, Western District Pa.)
IV, A receiver compromised suits with counsel for the United States: Held, that
the compromise would not be opened after a lapse of years, no fraud being
alleged. (Henderson vs. Myers, 11 Phil., Pa., p. 616.)
[NOTE.—This must have been a compromise made without a special order
of court. ]
COMPTROLLER.

I. The Comptroller appoints the receiver, and can therefore remove him. (Kennedy vs. Gibson, 8 Wall., p. 498.)
II. The Comptroller's certificate, reciting the existence of the facts, of which he
is required to be satisfied to justify the appointment of a receiver under
section 50 of the national bank act, is sufficient evidence of the validity of
such appointment in an action brought by such receiver. (Platt vs. Bebee,
57 N. ¥.,p. 339.)
III. The Comptroller must authorize any increase of the capital stock of a national
bank; and such increase must be certified by him, as prescribed by section
13 of the act of Congress providing for the organization of national banks.
(Charleston vs. People's National Bank, 5 S. C.,p. 103.)
IV. The Comptroller cannot subject the United States Government to the jurisdiction of a court, though he appears and answers to the suit. (Caseva.
Terrell, 11 Wall., p. 199.)
(See, also, Title " SHAREHOLDERS, INDIVIDUAL LIABILITY OF,"post.)

V. Where a national bank was put into insolvency by the Comptroller of the Currency, and a creditor, whose claim was disputed, recovered judgment seven
years after for an amount much larger than the amount of his claim at the
time of failure, on account of interest for the interval having been included
in the judgment, it was held that dividends must be calculated and paid
upon the amount of the claim at the time of the failure of the bank. (United
States ex rel. White vs. Knox, U. & Supreme Court, May 5, 1884.)
CONVERSION.

I. The conversion of a State into a nationl bank works no dissolution, only a
change of the original corporation ; nor does the latter thereby escape any
of its liabilities. (Maynard vs. Bank, 1 Brewster, Pa., p. 483; Kelsey vs. National Bank of Crawford County, 69 Pa., p. 426 ; Coffey vs. National Bank of
the State of Missouri, 46 Mo., p. 140.)
II. The certificate of the Comptroller of the Currency is conclusive as to the
regularity of the proceeding by which any bank has been converted into a
national bank. (B. U. Keyser, receiver, vs. Jane C. Hitz, Sup. Court, D. C.
Decided June 26, 1883.)
III. Where owners of more than two-thirds of stock consent to the conversion of
a bank into a national bank, the conversion may take place without the
concurrence of the remaining stockholders. (Ibid.)
IV. Although it might be more regular, it is not necessary that, on conversion,
a new stock book should be opened, or new certificates of stock issued.
(Ibid.)



REPORT OF THE COMPTROLLER OF THE CURRENCY.

85

CONVERSION—Continued.

V. A stockholder giving consent to conversion thereby becomes a stockholder in
the new bank, even if new certificates of stock are not issued. (Ibid.)
CREDITORS OF NATIONAL BANKS.

I. The respective rights and liabilities existing between a national bank and
its creditors and debtors become fixed when its insolvency occurs. * * *
All the property and assets of the association then become a fund, legallydedicated, first, to the satisfaction of any claim of the United States for
the redemption of its circulating notes, and, second, for a ratable distribution of the balance among its general creditors upon the principle of equality. (Balch vs. Wilson, 2 Thomp. Cases, p. 276 ; 25 Minn., p. 299.)
II. The United States, as a creditor of a national bank, is not entitled to a priority of payment out of its assets over other creditors. (Cook Co. National
Bank and Aug. H. Burley, receiver* of said bank, appellants, vs. The United
States, U. S. Sup. Court, Oct. term, 1882.) This suit was appealed from the
United States circuit court, northern district Illinois, in the name of the
United States, by the bondsmen of McArthur, postmaster of Chicago. The
bank was a Government depository, and on its failure the proceeds of its
bonds deposited in the United States Treasury to secure deposits were sufficient to refund ail the public moneys, except about $20,000 of postal funds.
The bondsmen, being liable for any amount the bank might fail to pay if
the United States accepted pro rata dividends with other creditors, brought
suit for the whole amount, claiming priority of payment under a statute of
1797, providing that in the case of insolvent debtors of the United States,
the debt of the United States should first be satisfied from their estate.
The court decided that the statute of 1797 was suspended as to national
banks by the act authorizing the formation of national banks, by which
the United States was placed on the same footing as other creditors. The
court said: "We consider that act (national bank act) as constituting by
itself a complete system for the establishment and government of national
banks." (For further points decided in this case, see "Set-off.")
CURRENCY.

I. The word "currency," in a certificate of deposit, means money, including bank
notes, which, though not an absolute legal tender, are used as money by
authority of law, and are in circulation generally, at the locus in quo, on par
with coin. (Klauber vs. Biggerstaff, 47 Wis^p. 551.)
CURRENCY ACT.

I. The purpose of the currency act was, in part, to provide a currency for the
whole country, and, in part, to create a market for the Government loans. (Per
Strong, J., in Tiffany vs. National Bank of the State of Missouri, 18 Wall., p.
413.)
II. National banks organized under the act of Congress of June 3,1864, are the
instruments designed to be used to aid the Government in the administration of an important branch of the public service; and Congress, which is
the sole judge of the uecessity for their creation, having brought them into
existence, the States can exercise no control over them, nor in any wise affect
their operation, except so far as Congress may see proper to permit. (Per
Swayne, J., in Farmers and Mechanics' National Bank vs. Bearing, 1 Otto, p.
29.)'
III. The constitutionality of the act of June 3,1864, is unquestioned. It rests on
the same principle as the act creating the second Bank of the United States.
The reasoning of Secretary Hamilton and of this court in McCulloch vs. The
State of Maryland, 4 Wheat., p. 316, and in Osborne vs. Bank U. S., 7 Wheat.,
p. 708, therefore applies.
IV. The power to create carries with it the power to preserve. The latter is a
corollary of the former. (Ibid., per Swayne, J., pp. 33, 34.)
DEBTORS OF NATIONAL BANKS.

I. Debtors of an insolvent national bank, when sued by the receiver, cannot
object that pleadings do not show a compliance with all the steps prescribed
by statutes as preliminary to the appointment of such receiver. (Cadle,
receiver,tyc,vs. Baker $ Co., 20 Wall., p. 650.)
II. Such ordinary debtors may be sued by receiver without previous order of the
Comptroller. (Bank vs. Kennedy, 17 Wall., p. 19.)



86

REPORT OF THE COMPTROLLER OF THE CURRENCY.

DEPOSITS.

I. CERTIFICATES OF.—A certificate of deposit was issued by a bank for a certain
sum, subject to the order of the depositor at a certain date, payable on the
return of the certificate: Held, in an action on said certificate against the
bank, brought by an assignee, that there could be no recovery without
proof of an actual demand and refusal of payment. {Brown vs. McJSlroy,
52 Ind.,p. 404.)
II. In a suit against the bank upon a stolen certificate of deposit, given by the
defendant to the plaintiff, reciting that he had deposited in the bank a certain number of dollars, payable to his order in current funds, on the return
of the certificate, properly indorsed: Held,first,that the instrument should
be regarded as the promissory note of the bank, assignable under the statute (of Indiana), but that it was not negotiable as an inland bill of exchange,
being made payable not in money, but "in current funds;" second, that
the payee could recover on said stolen certificate without giving a bond
against a subsequent claim thereunder by another person. {National State
Bank vs. Eingel, 51 Ind., p. 393.)
III. Where a bank issues a certificate of deposit, payable on its return, properly
indorsed, it is liable thereon to a bona-fide holder, to whom it was transferred seven years after it was issued, notwithstanding the payment thereof
to the original holder. Such certificate is not dishonored until presented.
(National Bank of Fort Edward vs. Washington County National Bank, 5 Hun.,
N. Y. Sup. Court, p. 605.)
IV. Under a statute prohibiting the circulation of bills or notes not payable on
demand, banks have no power to issue time certificates of deposit; and
such certificates, if issued, are void. They are equivalent to post notes.
{Bank of Peru vs. Farnesworth, 18 III., p. 563; Bank of Orleans vs. Merrill,
2 Hill [N. Y.], p. 295; Leavitt vs. Palmer, 3 JV. Y. [Corns*.], p. 19.)
(See also, "CURRENCY," supra.)
V. GENERAL.—The relation between a bank and its depositors is that of debtor
and creditor only, and is not fiduciary. Thus, a note deposited for collection, if passed to the credit of the depositor in his general account, then
overdrawn, becomes the property of the bank, which becomes indebted to
him for the proceeds. Upon the bankruptcy of the bank, the proceeds are
assets available to the general creditors. And the fact that the account
was made good by other deposits before collection of the note makes no
difference. {In re Bank of Madison, 5 Bissell, p. 515.) A national bank may
also apply a deposit in payment of a matured note held against the depositors. {Home Bank vs. Newton, 8 III., App., 563.)
VI. A deposit is general, unless the depositor makes it special, or deposits it expressly in some particular capacity. And in case of a general deposit of
money with a banker, a previous demand by the depositor, or some other
person by his order, is indispensable to the maintenance of an action for the
deposit, unless circumstances are shown which amount to a legal excuse.
{Brahm vs. Adkins, 77 III, p. 263.)
VII. A national bank having become insolvent, a depositor therein assigned his
deposit to a debtor of the bank: Held, that the latter could not offset such
deposit against his debt, in an action thereon. (Venango National Bank vs.
Taylor, 56 Pa., p. 14.)
VIII. A depositor was also indebted to the bank on bond and mortgage: Held, that
he could offset his deposit against said indebtedness, the bank being in the
hands of a receiver. {Matter of New Amsterdam Savings Bank vs. Gartter, 54
How. [N. Y. P. 2J.], p. 385.)
JX. The claims of depositors in a suspended national bank are, when proved to
the satisfaction of the Comptroller of the Currency, on the same footing as
if they were reduced to judgments, and from date of such proof bear interest. (National Bank of the Commonwealth vs. Michigan National Bank, 94
U. S. [4 Otto], p. 437.)
X. SPECIAL.—The taking of special deposits to keep, merely for the accommodation of the depositor, is not within the authorized business of national
banks; and the cashiers of such banks have no power to bind them on any
express contract accompanying, or any implied contract arising out of such
taking. ( Wiley vs. First National Bank, 47 Ft,p. 546.)
[NOTE.—To the same effect was the decision of the New York court of
appeals in First Nat. Bank of Lyons vs. OaanNat. Bank, 60 N. Y., p. 278. But
it is to be remembered that in both these cases only the act of the cashier
was relied upon to bind the bank. In the latter case it was stated that
there was no proof of even implied knowledge or assent on the part of the
directory. In the well-reasoned case of Weckler vs. First Nat. Bank of
Hagerstown, 42 Md.,p. 581, these cases are cited with decided approval; but



REPORT OF THE COMPTROLLER OF THE CURRENCY.

87

DEPOSITS—Continued.

a recent decision of the Supreme Court goes very far towards establishing a
different doctrine. In National Bank vs. Graham, 100 U. S., p. 699, the
Supreme Court held that section 52*28 R. S. U. S. conferred upon a national
bank power to receive and take charge of special deposits, such as the
public securities of the Government, and that such bank is liable in
damages for the loss, through gross negligence, of such deposit, when it had
been made with the knowledge and acquiescence of its officers and directors. The learned judge who delivered the opinion (Mr. Justice Swayne)
cited numerous State decisions, only referring to the cases in Vermont as
being in conflict with the weight of adjudications, and based the conclusion of the court upon the doctrine that " gross negligence on the part of
a gratuitous bailee, though not a fraud, was equivalent thereto in legal
effect, and that the doctrine of ultra vires has no application in favor of a
corporation when guilty of a wrong."]
XL A national bank receiving a special deposit for safe-keeping, without reward,
is liable only for gross negligence. The burden of proof is on the plaintiff,
and gross negligence is not the omission of that care which every attentive
and diligent person takes of his own goods, but the omission of that care
which the most inattentive takes. (First National Bank, $c, vs. Bex, 89
Perm., p. 308.)
In Pattison vs. Syracuse Bank, 80 N. Y., 82, the case of Nafl Bank of Lyons
vs. 1Ocean National Bank is substantially overruled, following the ruling in
Nat 1 Bank vs. Graham. See also First National Bank of Mansfield vs. Zent
(supreme court of State of Ohio).
XII. AUTHORITY OF BANK TO APPLY DEPOSIT IN PAYMENT OF DEBTS.—Wherea de-

positor in a bank is indebted to the bank by bill, note, or other independent
indebtedness, the bank has a right to apply so much of the funds of the
depositor to the payment of his matured indebtedness as may be necessary
to satisfy the same. (Appellate court, first district, held at Chicago. Home
National Bank vs. Newton.)
So, where the bank held the note of a depositor for a certain sum, the
bank could, on the morning of the last day of grace upon such note, apply
to its payment any money of the depositor then remaining on deposit in
such bank.—[Chicago Legal News.]
DIRECTORS OF NATIONAL BANKS.

I. Directors of a national bank may remove the president, both under the law
of Congress and the articles of association, where the latter so provide.
The power exists if the bank has adopted no by-laws. (Taylor vs. Mutton,
43 Barb., N. Y. Sup. Court, p. 195; S. C, 18 Abb. Pr. E.,p. 16.)
II. In all cases where an act is to be done by a corporate body, a majority of the
whole number of directors is necessary to constitute a valid meeting ; but
at a meeting when a quorum is present the majority of those present may
act. A by-law adopted when less than a majority is present is void.
(Lockwood vs. American v National Bank, 9 Rhode Island, p. 308.)
(See Title " OFFICERS, post.)
III. The power to compromise or release claims in favor of a bank is in the board
of directors and not within 7 scope of the cashier's authority. (Chemical
the
Bank vs. Kohner, 8 Daly [A . F.], p. 530.)
IV. In Bostwick vs. Brinkerhoffn suit was begun in the supreme court of the State
of New York, by a stockholder of the National Bank of Fishkill, to recover
damages from the directors for their neglect of their official duties. A
demurrer was filed to the complaint, which raised, among others, the qnestion whether such an action could be brought in a State court. The
supreme court of the State sustained the demurrer and dismissed the complaint. The judgment was affirmed at general term. An appeal was taken
to the court of appeals, where the judgment of the general term was reversed, and the case was remitted to the supreme court to be proceeded
upon according to law. A writ of error was taken to the Supreme Court
of the United States, which decided that a judgment of reversal by a State
court with leave for further proceedings in the court of original jurisdiction is not subject to review in the United States Supreme Court.
(Supreme Court, 106 U. S.)
V. Acker man vs. Halsey was a suit brought in the circuit court of Essex County,
New Jersey, by a stockholder of the Mechanics' National Bank of Newark,
N. J., against a director of that bank, to recover the value of stock lost by
the insolvency of the bank through the negligence of directors. The defendant demurred on the ground that directors could not be sued for injury



88

REPORT OF THE COMPTROLLER OF THE CURRENCY.

DIRECTORS OF NATIONAL BANKS—Continued

by an individual stockholder, but only by the corporation or receiver.
Judge Depue sustained the demurrer, stating that such suits should be
brought by the receiver in behalf of the corporation, its creditors and
stockholders, but that if the receiver refused to bring such suit, any stockholder might do so, joining with himself all other stockholders. This decision was rendered in April, 1882.
VI. Conivay vs. Halsey, New Jersey Supreme Court. Bankers' Magazine for November f

1883, p. 378. This was a suit brought by a stockholder of the Mechanics'
National Bank of Newark, N. J., against the president and directors, for
neglect and mismanagement, &c. It was demurred to on grounds similar
to the preceding case, and the demurrer was sustained. The plaintiff also
held that he had the right to recover under section 5239 of the Revised
Statutes. On this point the judge held that that statute only applied when
the charter of the corporation was forfeited on account of willful violation
of law on the part of the directors. In this case the plaintiff did not showany willful violation of law by which a direct injury was done to the stockholders. The injuries received were indirect, because the directors were
alleged to have permitted, by their negligence, the property of the corporation to be squandered, purloined, or lost.

EMBEZZLEMENT.

I. When the president of a national bank, having charge of its funds, converts
them to his own use, he embezzles and abstracts them within section 55 (R. S.,
sec. 5209) of the national bank act, unless he shows authority for thus using
them.

(In the matter of Van Campen, 2 Benedict, p. 419, per Blatchford,

J.)

II. Although false entries in regard to such embezzlement are made on the books
of such bank by the clerk, but by the order of the president, the latter is
chargeable as principal; and the intent to defraud the bank is to be inferred
from the fact of such embezzlement. (Ibid.)
III. The cashier of a national bank was indicte.d under said section 55 for embezzling and willfully misapplying the moneys of the bank with intent to defraud, &c. On trial it was proved that defendant took the moneys of the
bank and used them in stock speculations, carried on in his own name, by
depositing the same with a stock broker as " margins" for stock bought on
his own account. Meld, that the intent to injure or defraud was conclusively
presumed upon proof of the act charged ; and, therefore, evidence was not
admissible to prove that the cashier used the funds with the knowledge and
consent of the president and some of the directors of the bank, and on account of and for the benefit of the bank. (United States vs. Taintor, 11
Blatchf,p. 374.)
[NOTE.—This last case was decided in the United States circuit court,
southern district of New York, Woodruff, Blatchford, and Benedict, JJ., all
concurring in the decision.]
IV. A State court has no jurisdiction of the crime of embezzlement by an officer
of a national bank situated within the State. (Commonwealth vs. Felton, 101
Mass., p. 204 ; State vs. Tuller, 34 Conn., p. 280.) But in this latter case it
was also held that while a teller of such bank could not be punished for
embezzling the funds of the bank, he could be convicted, under the statute
of the State, for purloining property deposited with such bank for safekeeping ; and in Commonwealth vs. Barry, 116 Mass., p. 1, it was decided
that though an officer of a national bank, who has stolen its property, may
be subject to punishment for embezzlement under the national law, he may
also be punished for the same act, as a larceny, under the statute of the
State.
ESTATE, REAL.

I. The want of power of a bank, or of its trustee (receiver) in insolvency, to
purchase and hold real estate, does not render void an arrangement whereby land subject to a lien in favor of the bank, and to other liens, is discharged of those other liens by funds from the assets of the bank, the land
being then sold, and the entire proceeds of such sale realized to the bank
assets, provided the title does not pass through the bank or its trustees.
(Zantzingers vs. Gunlon, 19 Wall.,}). 32.)
1L In Union National Banket al. vs. Mathews, 98 U. S., p. 658, the court recognized the doctrine that, " where a corporation is incompetent by its charter
to take a title to real estate, a conveyance to it is not void, but only voidable, and the sovereign alone can object. It is valid unless assailed in a
direct proceeding instituted for that purpose."



REPORT OF THE COMPTROLLER OF THE CURRENCY.

89

ESTATE, REAL—Continued.

[NOTE.—Thus it would seem that a mortgage executed to secure a present
loan, or any other conveyance of real estate to a national bank, must be
held valid until declared void in a direct proceeding instituted for that purpose by the United States Government.]
(See, also, Wroten's Assignee vs. Armat, 31 Grattan, p. 238.)

III. The title to real estate taken by a national bank, on adjustment of a Liability in its favor, must be held valid until attacked by the United States, in
direct proceedings instituted for that purpose. Such title cannot be impeached collaterally, in an ejectment suit. (Mapes et at. vs. Scott et al.9
94, III., p. 379; National Bank vs. Whitney, 106 V. S., p. 99 ; Graham vs. National Bank, 32 X. J. Eq., p. 804; Warner vs. Dewitt, 4 III. App., p. 305.)
(See, also, Title il LOANS ON REAL ESTATE," post.)

ESTOPPEL.

I. A shareholder in a national bank, who has participated in its transactions as
such, and received dividends, is estopped from denying the legality of its
incorpoiation. The same rule applies to one accustomed to deal with a
national bank as such, as by giving his promissory note to such bank.
(Wheelock vs. Kost, 77 III., p. 296; National Bank of Fair haven vs. Phoenix
Warehousing Company, 6 Hun. [2V. Y.~\, p. 7 1 ; Casey vs. Galli, 94 U. S., p.

673, and numerous cases therein cited.)
II. The Manufacturers' National Bank of Chicago, defendant, being the city correspondent of the People's Bank of Belleville, plaintiff, guaranteed to the latter
bank the payment of certain notes of one Picket, pursuant to an agreement
that thus guaranteed their amount should be, as it teas, debited to the account
of the Belleville Bank. Such agreement, and the guarantee in pursuance
thereof, were made by the vice-president of the defendant bank, with the
assent of the president and cashier, but without the assent of the directors.
Held, that under the circumstances the defendant bank was estopped from
setting up, as a defense, that such guarantee was ultra vires. {People's Bank
vs. National Bank, 101 U. S., p. 181.)

[NOTE.—It will be observed that this decision stops far short of legalizing naked accommodation paper made by a national bank.]
111. A national bank which has wrongfully converted to its own use the property
of another, is estopped from denying its liability to account therefor upon
the ground that it received and held the property in carrying on the business of a warehousman, outside the powers conferred by its charter. {German National Bank vs. Meadowcroft, 2 Thomp. Cases, p. 462.

Sup. Court III.)

EVIDENCE.

I. Even if it be within the authority of the president of a national bank to bind
the bank by an agreement with the acceptor of a draft, which is discounted
by the bank, not to enforce the draft against him, yet oral evidence of such
an agreement is not competent in defense of a suit by the bank against the
acceptor. {Davis vs. Randall, 115 Mass., p. 547.)
II. The certificate of the Comptroller of the organization of a national bank is
conclusive evidence as to the completeness of such organization, in a suit
against one of its shareholders. {Casey vs. Galli, ante; Thatcher vs. West
River National Bank, 19 Mich., p. 196.)
III. In ordering an assessment for the payment of the debts of an insolvent bank,
the stock certificates and stock ledger of the bank must be taken by the
Comptroller of the Currency, in the absence of fraud or mistake, as showing who the stockholders were at the time of the failure. {Davis vs. Essex
Baptist Society, 44 Conn., p. 582.)

IV. The maker of a certificate of deposit cannot overcome its effect, as proof of
a deposit actually made, except by clear and satisfactory evidence. (First
National Bank of Lacon vs. Meyers, 83 III., p. 507).
INTEREST.

I. Under section 30, act of 1864, a national bank in any State may take as high
rate of interest as by the laws of such State a natural person may stipulate for, although State banks of issue are restricted to a less rate. (Tiffany
vs. National Bank of the State of Missouri, 18 Wall., p. 409.)

il. As the action was virtually brought to recover the penalty for usury, the
statute (section 30) must receive a strict construction. (Ibid., p. 409.)
[NOTE.—In Missouri, natural persons may take ten per cent., but State
banks are restricted to eight per cent. In this case the national bank had
taken nine per cent: Held, legal.]



90

REPORT OF THE COMPTROLLER OF THE CURRENCY.

INTEREST—Continued.

III. In a suit by a national bank uix>n a bill of exchange discounted by it, the
acceptor cannot set up by way of counter-claim, or set-off, that the bank
in discounting a series of bills of said acceptor, the proceeds of which it
used to pay other bills, knowingly took, and was paid, a greater rate of
interest than that allowed by law. (Barnett vs. National Bank, 98 TJ. 8. [8
Otto'], p. 555.)

IV. The act of June 3, 1864 (R. S., sec. 5198), having prescribed that, as a penalty for such taking, the person paying such unlawful interest, or his legal
representative, may in an action of debt against the bank recover back twice
the amount so paid, he can resort to no other mode or form of procedure.
(Brown vs. Second National Bank of Erie, 72 Pa., p. 209; Barnett vs. National Bank, 98 U. S., p. 555.)

V.

VI.

VI f.

VIII.
IX.

[NOTE.—The above case of Barnett vs. National Bank, 98 TJ. S., p. 555,
overrules several State adjudications, and settles several points in regard
to usurious interests as affecting loans by national banks. It holds that
when suit is brought by such bank to recover a loan made at usurious rate,
stipulated for, but not paid, the entire interest thus agreed upon, but no
part of the principal, is forfeited, and the latter may be recovered in full;
that when the usurious interest has been paid, twice its sum may be recovered by the borrower, but this can only be done by a suit directly brought
for that purpose, which suit must be in the nature of an action of debt,
commenced, of course, within the two years specified. Suppose, then, A
borrows $1,000 from a national bank on 90 days' time, and for the loan actually pays usurious interest in advance. Suppose his paper is protested
and suit is brought upon it. It follows that while A cannot offset twice
the usurious interest he has paid, nor any part thereof, in reduction of the
face of his paper, the bank can recover from him not only the principal of
the loan, but legal interest thereon from the date of maturity of the note
or bill.]
(See, also, Natl. Bank vs. Bearing, 91 TJ. S.,p. 29, and Title "USURY,"
post.)
ON CLAIMS OF CREDITORS.—Where a national bank is put in charge of a
receiver, under section 50 of the original Currency Act (R. S., sec. 5234),
and a sufficient sum is realized from its assets to pay all claims against it
and leave a surplus, th«* Comptroller ought to allow interest on the claims
during the period of administration, before appropriating the surplus to
the stockholders of the bank. An action of assumpsit by the holder of
such a claim will not lie against the Comptroller, nor against the receiver,
but will lie against the bank. (Chemical National Bank vs. Bailey, 12
Blatchf, p. 480.)
In such action interest is recoverable on all demands originating in contract
conditioned for the payment of interest, and on all demands for money due
and unpaid, by way of damages for non-payment after such demands became due. And interest is recoverable on a balance due a depositor in such
bank, although he has made no formal demand of payment. (Ibid.) But,
as to this last point, see the ruling of the Supreme Court.
In the case of National Bank of the Commonwealth vs. Mechanics1 National Bank,
4 Otto, p. 437, the United States Supreme Court decided that a depositor in
a national bank, when it suspends payment and a receiver is appointed, is
entitled from the date of his demand to interest on the deposit; that the
claims of depositors in such bank at date of suspension, for t i e amount of
their deposits, are, when proved to the satisfaction of the Comptroller of
the Currency, placed upon the same footing as if reduced to judgments;
that is to say, they draw interest from tjhe time of such proof and allowance.
It was also decided that, such interest being a liquidated sum at the time
of the payment of the deposit, an action lies to recover it, and intercut thereon.
When the Comptroller assesses shareholders to pay the debts of an insolvent
national bank, such assessment bears interest from the date of the Comptroller's order. (Casey^ vs. Galli, ante.)
A statute of New York, fixing the rate of interest at 7 per cent., also makes
forfeiture of principal and interest the penalty for taking interest at a
greater rate. Notwithstanding this statute, the courts of that State have
held that the payee of a promissory note may, in good faith, sell and indorse
it to a third party for a sum agreed upon, amounting as discount to any
rate in excess of that prescribed by law ; that such purchaser may recover
from the maker principal and interest iu full, and that if it be necessary to
resort to the indorser, the purchaser may recover against him the actual
sum paid for the note with interest.




REPORT OF THE COMPTROLLER OF THE CURRENCY.

91

INTEREST—Contin ued.

Acting upon these adjudications, a national bank in that State discounted
for a customer notes (all paid at maturity) for sums aggregating $2,735.36
in excess of the legal rate of interest. Subsequently the seller sued the
bank to recover, under sections 5197 and 5198 of the national bank act, the
penalties therein prescribed, to wit, double the aggregate paid.
In the State courts the plaintiff had judgment as prayed, and on writ of
error to the court of appeals of New York, the Supreme Court of the United
States affirmed the judgment below ; holding that,
"Although under the laws of New York a contract between natural persons to reserve and pay upon the discount of business paper any stipulated
rate of interest (discount) may be valid, such contract, if a national bank
be party thereto, and the paper be, in pursuance thereof, transferred to it,
is in violation of said sections, if the rate agreed upon exceeds 7 per cent.,
and subjects such bank to the penalties therein prescribed. (National Bank
vs. Johnson, 104 U. S., 271.)
JUDGMENTS.

I. A judgment against a national bank in the hands of a receiver, upon a claim,
only establishes the validity of such claim; the plaintiff can have no execution on such judgment, but must await pro rata distribution. (Bank of
Bethel vs. Pahquioque Bank, 14 Wall., p. 383, and Clifford, J., p. 402.)
JURISDICTION.

I. A United States District Court has jurisdiction to authorize a receiver of an
insolvent national bank to compromise a debt. (Matter of Platt, 1 Ben., p.
534.)
II. A resident (citizen) of Kentucky was a creditor of a national bank located in
Alabama, and commenced a suit on his claim against said bank in the supreme court of the State of New York, at the same time attaching certain
moneys belonging to said bank, in the hands of the National Park Bank, in
New York. Subsequently the receiver of the Alabama bank (which had
failed) was, on his own motion, made party defendant to the action pending
in the New York supreme court, and pleaded " want of jurisdiction" and
other defenses. The supreme court overruled his plea to the jurisdiction,
rendered judgment against the receiver on the merits, and ordered satisfaction to be made from the moneys attached. Thereupon the receiver filed
his bill in chancery in the United States Circuit Court for the proper circuit,
praying an injunction to restrain the collection of the judgment rendered by
said supreme court, and that the moneys attached be paid to him as receiver.
Held, that, by the provisions of the Currency Act, the State court was deprived of jurisdiction of the attachment proceedings ; that the receiver was
not estopped by the proceedings in said State court from asserting his
rights in said Circuit Court, and that he was entitled to the relief prayed
for in his bill. (Cadle, receiver, <fc, vs. Tracy, 11 Blatchf, p. 101.)
(See, also, Title " RECEIVERS,"VII, post.)
III. State courts have no jurisdiction of actions to recover penalties imposed by
the national bank act. (Newell vs. National Bank of Somerset, 12 Bush.
y^p
See, also, Title "EMBEZZLEMENT," IV, ante.)
IV. The United States Circuit Court has no jurisdiction of a suit by a private person to restrain or interfere with the Treasurer of the United States or the
Comptroller of the Currency in the discharge of their duties in respect to
bonds deposited to secure the redemption of circulating notes of a national
bank. ( Fan Antwerp vs. Hubbard, Blatchf.,p. 426.)
V. An action will not lie against the Comptroller nor the receiver, upon a claim
against an insolvent national bank, but will lie against such bank. (Chemical National Bank vs. Bailey, ante. See, also, Bank of Bethel vs. Pahquioque
Bank, ante.)
VI. A national bank cannot be sued in the United States District Courts outside
of the district where it is located. (Main vs. Second Nat. Bank of Chicago,
6 Bissellyp. 2(5.)

VII. Nor can such action be brought against a national bank in a State court, save
in the county or city where it is located. (Crocker vs. Marine National Bankt
101 Mass.,p. 240.)
(See, also, Title "ACTION," VII, ante ; also "EMBEZZLEMENT," IV, ante.
VIII. The provision of section 5198, U. S. Rev. Stats., requiring that suits, actions,
and proceedings against a national bank in any State, county, or municipal
court must be brought in the county in which such bank is located, is held



92

REPORT OF THE COMPTROLLER OF THE CURRENCY.

JURISDICTION—Continued.

to apply to transitory actions only, and not to such actions as are by law
local in their character. (Casey,receiver,^c, vs. Adams, 2 Thomp. Cases,p.
102. U. S. Supreme Court.)
[NOTE.—The jurisdiction of the local court was sustained in this cause,
although it seemed clear that a complete remedy might have been had in
the U. S. Circuit Court at New Orleans, where the bank was situated.]
IX. National banks are not entitled, by force of the national bank act, to have
any suit in a State court, wherein they are parties defendant, removed to a
Federal court. ( Wilder vs. Union Nat. Bank, 2 Thomp. Cases,p. 124.)
X. National banks are not authorized to sue in the Federal courts out of the districts in which they are located when the amount sued for does not exceed
$500. (St. Louis Bank vs. Brinkham, 1 McCrary, 9.)
[NOTE.—As to present jurisdiction of Federal and State courts, see act
of Congress of July 12,1882,proviso to section 4.]
LOANS IN EXCESS.

I. A loan by a national bank in excess of the restriction of section 29 of the act
of 1864 (Revised Statutes, section 5200), which provides that the total liabilities of any person (borrower) shall not exceed ten per centum of the
capital stock, & c , is not void on that account. The loan maybe enforced,
though the bank maybe liable to proceedings for forfeiture of its privileges,
&c, for making it. (Stewart vs. National Union Bank of Maryland, 2 Abb.,
United States, p. 424. See, also, O'Hare vs. Second National Bank, 77 Pa.,
p. 96.)
II. In Samuel M. Shoemaker vs. The National Mechanics- Bank and The same vs.
The National Union Bank, application for injunction, & c , United States Circuit Court, Baltimore, Md., Judge Giles held, * * * "As to the first
charge in this bill against the defendant, in reference to the amount loaned
to Bayne & Co., in violation of the twenty-ninth section of the act of June
3, 1864, I would only say that the loan made under such circumstances is
not void ; it can be enforced as any other loan made by the bank." ( Vide
31 Md.,p. 396.)
III. The validity of a loan in excess of the above-named statutory restriction was
established and set at rest by the decision of the United States Supreme
Court in the case of Gold Mining Company vs. Rocky Mountain National
Bank, 96 U. S. [6 Otto'], p. 640.
LOANS ON REAL ESTATE.

I. A executed a note to B, and, to secure payment thereof, also executed a deed
of trust on lands, which was in effect a mortgage, with a power of sale
thereto annexed. A national bank, on the security of the note and deed,
loaned money to B, who thereupon assigned them to the bank. The note
not being paid at maturity, the trustee was proceeding to sell the lands
pursuant to the power, when A filed a bill in chancery to enjoin the sale,
upon the ground that by sections 5136-'37, Revised Statutes, the deed did
not inure as a security for a loan made by the bank at the time of the
assignment of said note and deed: Held, that the bank was entitled to enforce collection of the note by a sale of the lands pursuant to the power in
the deed of trust. ( Union National Bank of Saint Louis vs. Matthews, 98 U. S.
[8 Otto~\, p. 621.) Mr. Justice Miller dissented, holding the note valid, but
that the deed was inoperative as security to the bank.
[NOTE.—It is now well settled that a mortgage given to secure a loan
from a national bank, executed directly to the bank when the loan is made,
. is valid, unless set aside by proceedings instituted for that purpose by the
Government. (National Bank vs. Whitney, 103 U. S., p. 99; Graham vs.
National Bank, 32 N. J. Eq., p. 804; Warner vs. Dewitt, 4 III. App., p. 305;
Thornton vs. Exchange National Bank, 71 Mo., 221.)]
LOANS ON SHARES.

I. National banks are governed by the act of 1864, which repealed the act of
1863, and cannot, therefore, make loans on the security of their own shares,
unless to secure a pre-existing debt, contracted in good faith. (Bank, tfc,
vs. Lanier, 11 Wall,p. 369.)
II. The placing of funds by one bank on permanent deposit with another bank
is a loan within the spirit of section 35 of act of 1864. (Ibid., p. 369.)
III. Loans by such banks to their shareholders do not cieate a lien on the shares
of such borrowers. (Ibid., p. 369.)
(See, also, Bullard vs. Bank, 18 Wall., p. 580; and " BY-LAWS," supra,)



REPORT OF THE COMPTROLLER OF THE CURRENCY.

93

LOANS ON SHARES—Continued.

IV. But a national bank has the right to make loans on negotiable notes secured
by the stock of another corporation, of marketable values. (Shoemaker vs.
National Mechanics' Bank, 1 Hugh., p. 101.) The same doctrine was also
held in the case of Germania National Bank et al. vs. F. F. Case, receiver, < c,
f
decided by the United States Supreme Court, 99 U. S. [9 Otto], p. 628.
LOCATION.

I. Under sections 6, 8, 10, 15, 18, and 44 of the original Currency Act (13 Stat.
at Large, 101), respecting the location of banking associations, a national
bank is to be regarded as located at the place specified in its organization
certificate. If such a place is in a State, the association is located in that
State. (Manufacturers' National Bank vs. Baack, 8 Blatchf, p. 137.)
OFFICERS.

I. CASHIER. The cashier is the general executive officer of a bank, having
charge of its funds, notes, bills, and other choses in action. Either directly
or through his subordinates he receives all moneys and notes of the bank,
delivers up discounted paper when paid, draws checks to withdraw funds
of the bank when deposited, and generally, as such executive officer, transacts most of the bank business. ( United States vs. City Bank of Columbus,
21 How., p. 356, and numerous later decisions.)
II. But the cashier can make no declaration binding the bank not within the
scope of his general powers. (Bank of Metropolis vs. Jones, 8 Pet., p. 12; S.
P., 3 Watts < 8., [Pa.], p. 317; 3 Gill [Jfd.], P- 96.)
f
III. A cashier who has made sale of corporate property, and holds a balance in his
hands, is the agent of the board of directors, and not of the respective
stockholders, and cannot be charged by an individual stockholder as holding such balance for his benefit. (Brown vs. Adams, 5 Biss., p. 181.)
IV. A cashier, without special authority, cannot bind his bank by an official indorsement of his individual note, and the onus is on the payee to show such
authority. (West Saint Louis Savings Bank vs. Shawnee Co. Bank, 3 Dill,
p. 403.)
V. Although the cashier of a bank may, in the ordinary course of business, without the action of the directors, dispose of the negotiable securities of the
bank, he has not the power to pledge its assests for the payment of an antecedent debt. (State of Tennessee vs. Davis, 50 How. IN. Z.], p. 447.)
VI. A cashier has not the authority to compromise or release a claim of the bank.
(Chemical Bank vs. Kohner, 8 Daley [iV. Y.], p. 530.)
VII. DIRECTORS. It is the duty of directors of a bank to use ordinary diligence
in acquiring knowledge of its business. They cannot be heard, when sued,
to say that they were not apprised of facts the existence of which is shown
by the books, accounts, and correspondence of the bank. They should control the subordinate officers of the bank in all important transactions.
Therefore, under the circumstances proved in this particular case, they
were held liable for the abstraction and sale of special deposits by the latter. ( United Society, $c, vs. Underwood, 9 Bush [Ky.~\, p. 609; German Bank
vs. WulfekiMer, 19 Kansas, p. 60.)
VIII. The cashier of a national bank, who had executed no bond, embezzled its
funds, discovery whereof might have been effected by use of slight diligence on the part of the directory. They, however, published, according
to law, a statement of the condition of the bank, which showed that its
affairs were being prudently and honestly administered, and from which
the public had aright to believe that he*was trustworthy. Afterwards,
persons who had seen this report became sureties on the official bond of
cashier, and for his subsequent embezzlements were sought to be held liable
thereon : Held, that such sureties, being misled by the statement, were released. They had a right to believe that the directors, before publishing
it, investigated the condition of the bank. (Graves vs. Lebanon National
Bank, 10 Bush [Ky.~\, p. 23.)
IX. The mere fact that directors of a bank knew of and sanctioned overdrafts will
not release from liability the sureties of a teller who causes a loss to the
bank by permitting overdrafts; for the directors of a bank have no power
to sanction overdrafts. (Market Street Bank vs. Stumpe, 2 Mo., App., 545.)
X. PRESIDENT. A guarantee against loss for signing as sureties, given by a bank
president without authority from the directors, to those whom he had solicited thus to sign a note, given to the bank to retire a prior note held by
it against their principal, is held to be the individual contract of the president, and not binding upon the bank. (First National Bank vs. Bennett, 33
Mich., p. 520.)



94

REPORT OF THE COMPTROLLER OF THE CURRENCY.

OFFICERS—Continued.

XL A president of a bank bought the stock of A. for $1,000, and in payment
gave up to A. his note for that amount, which the bank held against A:
Held, that the president exceeded his powers, and that the bank could recover from A. the amount of the note thus surrendered. (RhoadsYS. Webb,
24 Minn., p. 292.)
XII. A president of a bank, who, with the cashier, had the general charge of its
business, permitted and directed the drawing of moneys from the bank by
one irresponsible, without security, and for a business in which the president was interested with the party drawing the funds. He requested the
cashier not to say anything of it to the directors: Held, that the president
was personally responsible for the moneys thus drawn. (First National Bank
of Sturgis vs. Reid, 37 Mich., p. 263.) Quere: Would not an indictment for
embezzlement lie under the national bank act?
XIII. The president of a bank, as such, has no authority to release the claims of the
bank against any one. Such authority must come from the directors, by
vote or implication. (Olnet/ vs. Chadsey, 1 R. I., p. 224.) Nor can he bind
the bank to pay or become liable for a debt by his admission. (Henry vs.
Northern Bank, 63 Ala., p. 527.)
XIV. In reference to what do not constitute offenses under section 5209 of the
Revised Statutes (see case of United States vs. Jas. H. Britton, <fc, U. 8.
Sup. Court, October term, I8rt2).
XV. A draft indorsed by the president of the Miners' National Bank of Georgetown, Colo., payable to White or order for account of the bank: Held,
that the bank could not be held on the draft, but that White was entitled
to recover the money advanced for the use of the bank, as appeared by the
books of the latter, whether it was advanced without consideration or
upon the draft as collateral. ( White vs. National Bank, 102 U. S., p. 658.)
XVI.

AUTHORITY OF BANK CASHIER.

A banking corporation, whose charter does not otherwise provide, may
be represented by its cashier in transactions outside of his ordinary duties
without his authority to do so being in writing or appearing in the records
of the proceedings of the directors.
His authority may be by parol, and collected from circumstances, or implied from the conduct or acquiescence of the directors.
It may be inferred, from the general manner in which, for a period sufficiently long to establish a settled course of business, he has been suffered
by the directors, without interference or inquiry, to conduct the affairs of
the bank.
When, during a series of years, or in numerous business transactions, he
has been permitted, in his official capacity, and without objection, to pursue a particular course of conduct, it may be presumed, as between the
bank and those who in good faith deal with it upon the basis of his authority to represent the corporation, that he has acted in conformity with instructions received from those who have the right to control its operations.
That which directors ought, by proper diligence, to have known, as to
the general course of the bank's business, they may be presumed to have
known in any contest between the corporation and those who are justified
by the circumstances in dealing with it upon the basis of that course of
business. (Supreme Court of the United States, October term, 1883, Martin vs.
Webb.)
XVII. LIABILITY OF CASHIFJ'R.

1. Where directors of a corporation appoint one of their number to act as
treasurer, secretary, or other ministerial officer of the corporation, he is
prima facie entitled to reasonable compensation for his services as such
officer.
2. Where he assumes the duties of such ministerial officer upon an express
contract as to compensation, such contract controls, and this, though the
contract is to discharge the duties without any direct compensation in
money.
3. An agent of a corporation, who, as an individual, purchases the properties of the corporation from himself as agent, cannot uphold such purchase by proof that he agreed to pay what he thought the property was
worth, but is liable to the corporation for the actual value of the property
so by him purchased.
4. Ratification implies knowledge, and a party cannot be adjudged to
have ratified an act of which he has no knowledge, actual or constructive.




REPORT OF THE COMPTROLLER OF^ THE CURRENCY.

95

OFFICERS—Continued.
XVII. LIABILITY OF CASHIER—Continued.

5. The doctrine that the directors of a bank are conclusively presumed to
know the financial condition of the bank, its general business, and its receipts and expenditures as shown by its regular books, is for the protection
of third parties dealing with the bank, andfof the bank against prejudicial
action of any director, and cannot be invoked to uphold a wrongful appropriation of moneys by the cashier or other officer, which appropriation is
made and also entered upon the books of the bank without the actual knowledge of the directors. {Supreme Court of Kansas ; The First National Bank of
Fort Scott vs. Drake.)
6. It is no defense to an action brought by a bank against its late cashier
for a wrongful appropriation of moneys, that at the time of such appropriation he was the owner of four-fifths of the stock of the bank, and has since
that time sold all of said stock to other parties, who are now the officers
and managing authority of the bank.
XVIII. A., the president of defendant, a national bank in Vermont, applied to the
plaintiff, a banking corporation in Canada, for a loan for his railroad of
§50,000 which he had been unable to obtain from defendant. Plaintiff's
manager told him the money could not be loaned as an individual loan,
as its individual loans were too near the limit allowed by law, but that it
would deposit that amount with defendant if desired.
A. assented, and they agreed the deposit should draw interest at 6 per
cent, while it remained, and that bonds should be deposited as security.
Plaintiff drew two drafts for the amount on a Boston bank, delivered them
to defendant and received the collaterals, and entered the transaction on
its books as a loan to defendant. Defendant indorsed the drafts, forwarded
them to the Boston bank, from which it received credit for them, and has
always retained their avails. About a year afterwards defendant failed,
and a receiver was appointed who rejected the claim of plaintiff when
presented for payment, and defendant brought suit. Held, that the transaction was not a loan to A. individually, but to defendant; that plaintiff
was entitled to a judgment, to be paid by the Comptroller from the assets
ratably with other claims; and that the amount due should be adjusted
as of the time when the receiver was appointed, and so certified by the
receiver to the Comptroller, to be paid in due course of administration.
(Eastern Township Bank vs. Vermont Nat. Bank of St. Albans and Another,
Federal Reporter, Vol. 22, p. 186.)
POST-NOTES.

I. Certificates of deposit, payable at a fixed future day, held to be equivalent to
post-notes, and therefore void, as prohibited by a State law.
(See, ante, Title " DEPOSITS, CERTIFICATES OF," IV, and cases there cited.)
POWER OF ATTORNEY TO COLLECT PAYMENT OF GOVERNMENT BOND.

A power of attorney authorizing an agent to "sell and assign " a Government bond " called" for payment gives authority to the agent to assign to
the Secretary of the Treasury for redemption, and to receive in payment a
draft drawn by the Treasurer of the United States to the agent by name,
who can indorse it for collection or payment. (Decision by United States
Comptroller Lawrence.)
RECEIVERS.

I. The receiver of a national bank is the instrument of the Comptroller, and
may be removed by him. (Kennedy vs. Gibson, 8 Wall, p. 505.)
II. Such receiver is the statutory assignee of the assets of the bank, and may sue
to collect the same in his own name, or in the name of the bank for his use.
(Ibid., p. 506.)
III. In such suit it is not necessary to make the bank or creditors parties. (Ibid.,
p. 506.)
IV. The receiver of a national bank represents such bank and its creditors, but
he in no sense represents the United States Government, and cannot subject
the Government to the jurisdiction of any court. (Case vs. Terrill, 11 Wall.,
p
p. 199.)
The decision of a receiver, rejecting a claim against his bank, is not final.
he
Claimant may still sue. (Batik of Bethel vs. Pahquioque Bank, 14 Wall., p.
383.)
VI. The clause of seetion 50, act of 1864, which prescribes that the receiver shall
be " under the direction of the Comptroller/' means only that he shall be
subject to his direction, not that he shall not act without orders. He may
and must collect the assets. That is what he is appointed for. (Bradley, J.
 in Bank vs. Kennedy, 17 Wall., pp. 22-3.)


96

REPORT OF THE COMPTROLLER OF THE CURRENCY.

RECEIVERS—Continued.

VII. Receivers of national banks are officers of the United States, within the mean/ ing of the act of Congress of March 3, 1815, giving United States courts
j urisdiction of actions by United States officers, and may sue in such courts.
(Platt, receiver, tyc, vs. Beach, 2 Ben., p. 303.)
[NOTE.—The judge places stress upon the provision of section 31 of the
act of 1864, which requires (in that particular instance) that the Secretary
of the Treasury shall concur in the appointment of the receiver.]
VIII. Receiver not liable to be sued on a claim against the bank.
(See Title " JURISDICTION," V, ante.)
IX. The personal assets and personal property of an insolvent national bank in
the hands of a receiver appointed by the Comptroller of the Currency, in
accordance with the provision of section 5234 of the Revised Statutes, in
legal contemplation still belong to the bank, though in the hands of the
receiver to be administered under the law. The bank does not cease to
exist on appointment of the receiver. Its corporate capacity continues
until its affairs are finally wound up and its assets distributed. (Rosenblatt
vs. Johnston, Chief Justice Waite, United States Supreme Court, October term,
1881.)
X. A new receiver may be substituted as plaintiff and appellant in suits begun
by his predecessor. (Orson Adams, substituted for George E. Bowden, receiver',
vs. Jacob C. Johnson and Betsey Valentine, United States Supreme Court, October term, 1882.) This case was appealed from the United States circuit
court of New Jersey. When the bill was dismissed in the lower court, a
new receiver had been appointed. The appeal was taken in the name of
the old receiver, the new receiver becoming surety on the appeal bond.
In the Supreme Court a motion on the part of the appellees to dismiss the
appeal on the ground that DO appeal was lawfully taken was denied, and
a motion on the part of appellant to substitute new receiver as plaintiff
and appellant was granted.
XL Under section 1001 of the Revised Statutes no bond for the prosecution of the
suit, or to answer in damages and costs, is required on writs of error or
appeals issuing from or brought to this court by direction of the Comptroller of the Currency in suits by or against insolvent national banks, or
the receivers thereof. (Pacfiic National Bank vs. George Mixter, United States
Supreme Court, October term, 1884.)
SET-OFF.

I. In an action brought to enfore the individual liabilitiy of a shareholder of
an insolvent bank, such shareholder cannot set off against such liability
the amount due to him as a creditor of the bank. (Garrison vs. Howe, 17
N. Y.,p. 458 : In re Empire City Bank, 18 N. Y., p. 199.)
[NOTE.—Though these cases were decided by a State tribunal (New York
court of appeals), and the rulings were based upon provisions of a State constitution and a State statute, yet the principle they enunciate is recognized
and fully affirmed in Sawyer vs. Hoag, 17 Wall., p. 610, and Scammon vs.
Kirnball,2Otto,2>.*342. See, also, Venango National Bank vs. Taylor, 56 Pa.,
i?.14.j
II. A creditor of an insolvent national bank, being such at date of its suspension,
may set off the amount of his claim against any claim held by the bank
against him at the same date ; as, for example, his note, even though such
note had not then matured. (Berry vs. Brett, 6 Bos. IN. F.], p. 627; New
Amsterdam Savings Bank vs. Gartter,b± How. [P. 22.],j?. 385; Platt, receiver,
vs. Bentley, 11 Am. Law Register,p. 171; Hade, receiver, vs. McVay, 31 O. St.,
p. 231; same case, Brown's National Bankrupt Cases, p. 353; and see the cases
cited on p. 357, viz, 56 Maine, 167 ; 1 Paige [N. F.], p. 444 ; 12 Gray IMass.],
2>.233.) .
III. Usurious interest paid cannot be set off. (Hade vs. McVay, 31 0. St., p. 231;
Barnet YS. National Bank, 98 U. £.,#.555.)
IV. The United States cannot set off an indebtedness to itself from a national bank
against the surplus proceeds of bonds deposited by said bank as security
for its circulation. (Cook Co. National Bank, and Aug. H. Burley, receiver of
said bank, appellants, vs. United States. U. S. Supreme Court, October term,
1882.)
[NOTE.—This was on the grounds that the bonds are a trust, and a trustee
cannot set off against the funds held by him in that character, his individual demand against the grantor of the trust.]



REPORT OF THE COMPTROLLER OF THE CURRENCY.

97

SHAREHOLDERS.

I. GENERAL RULES.—A person is presumed to be the owner of stock when his
name appears on the books of a company as a stockholder; and when he is
sued as such the burden of disproving such presumption is cast upon him.
(Turnbull vs. Payson, 95 U. S. [5 Otto], p. 418.)
II. Shareholders have no standing in court to interfere for the protection of their
company until the board of directors has neglected, or refused on application, to take the proper steps to protect the interests of the company.
(Fifth National Bank, <fc. vs. Railroad Co., 2 Thomp. Cases, p. 190.)
III. Shares of stock in a national bank are salable and transferable like other
personal property; and the statute recognizes this transferability by authorizing each association to prescribe the manner of their transfer. (Johnston vs. Lafflin, 103 TJ. S., per Field, J., on p. 803.)
IV. This power can only go to the extent of prescribing conditions essential to the
protection of the association against fraudulent transfers, or such as are
designed to evade just responsibility. It must be exercised reasonably.
Transfer cannot be clogged with useless restrictions, nor be made dependent on the consent of directors or stockholders. (Ibid.)
V. As between the parties to a sale, it is enough that the certificate of stock is
delivered, with authority to the purchaser, or any one he may name, to
transfer it on the books of the association, and payment of the price. (Ibid..
jp. 804.)
VI. The entry of the transaction on the books of the association is required, not
for the translation of title, but for the protection of parties and others
dealing with the bank, to enable the bank to know who are its stockholders,
entitled to vote and receive dividends. It is necessary to protect the seller
against subsequent liability as stockholder, and perhaps also to protect the
purchaser against proceedings by creditors of the seller. (Ibid., Field, J.f
p. 804.)
VII. When a national bank reduces its capital, each shareholder is entitled to a
return of his proportional amount, and the bank cannot retain the funds
as surplus, or for any other purpose; and having refused to permit shares
thus retired to be transferred on its books, the bank is liable for the value
of the shares to the holders. (Seeley vs. New York National Exchange Bank,
4 Abb. New Cases, p. 61.)
VIII. INDIVIDUAL LIABILITY OF.—The Comptroller must decide when and for what
amount the personal liability of the shareholders of an insolvent national
bank shall be enforced. (Kennedy vs. Gibson, 8 Wall., p. 505.)
IX. His decision as to this is conclusive. Shareholders cannot controvert it.
(Ibid., p. 505; Casey vs. Galli, 94 U. S. [4 Otto], p. 673; Germunia National
Bank et al. vs. Case, receiver, TJ. S. Supreme Court, 99 Otto, p. 628.)
[NOTE.—These cases are decisive against the ruling in Bowden vs. Morris,
1 Hugh., p. 378.]
X. In any suit brought to enforce such personal liability, such decision of the
Comptroller must be averred by the plaintiff, and, if put in issue, must be
proved. (Kennedy vs. Gibson, supra.)
XL The liability of shareholders is several and not joint. (Ibid., p. 505.)
XII. The limit of such liabilities is the par value of the stock held by each one,
(Ibid., p. 505.)
XIII. Where the whole amount is sought to be recovered, the proceeding must be
at law; where less is required, the proceeding maybe in equity, and in
such case an interlocutory decree may be taken for contribution, and the
case may stand over for the further action of the court, if such action
should subsequently prove to be necessary, until the full amount of the
liability is exhausted. (Ibid., p. 505.)
XIV. In such equity suit, all shareholders within the j urisdiction of the court should
be made parties defendant; but it is no defense that those not within the
jurisdiction are not joined. (Kennedy vs. Gibson, supra.)
XV. Suits to enforce personal liability of shareholders may properly be brought
before other assets are exhausted. (Ibid., pp. 505-6.)
XVI. One Stevens bought shares in a national bank, and caused them to be transferred to one Elston, a porter in the office of his New York broker, and irresponsible. At the time of the transfer there was no suspicion of the insolvency of the bank, and it remained in good credit for more than a year
afterward: Held, that Stevens was liable as stockholder upon the failure
of the bank. (Davis, receiver, vs. Stevens, 2 Thomp. Cases, p. 158, TJ. S. Circuit
Court Southern District N. Y., per Waite, C. J.)
XVII. Where, before the failure of a bank, stock was transferred on its books to
the name of an irresponsible person, for the purpose of escaping liability,

5745 CUR




7

98

REPORT OF THE COMPTROLLER OF THE CURRENCY.

SHAREHOLDERS—Continued.

and so stood at tbe time of the appointment of a receiver: Held, that the
receiver could show who the real owner was, and that the latter was liable
for the assessment. (Ibid.)
XVIII. RATABLE LIABILITY OF.—Mr. Morse, in his Treatise on Banks, & c , second

edition, p. 50/5, states the law in substance as follows: "The liability of
each stockholder is precisely for his ratable proportion of that indebtedness
of the bank which is to be borne by the shareholders. It is for his share
of such total indebtedness, not for his proportion of each item thereof.
Neither are the solvent shareholders, or those who can be come at for collection, liable to assessment beyond the proportional amount as above
stated, by reason of the insolvency or inaccessibility of others of the shareholders. Those who are solvent and accessible have not the burden of
paying off the sum which is due from all together; only their own proportionate share." This theory was fully sustained by the United States Supreme Court in the case of United States vs. Knox, 102 U. S.,p.A22. See
also the cases there cited. When the holder of shares of national-bank
stock has information causing apprehension of its failure, and colludes with
and transfers his shares to an irresponsible transferee to avoid liability,
the transaction will be deemed to be a fraud on the creditors of the bank,
and the transferor will be held to his liability. The transfer is good as
between the parties, however, and only voidable by election of plaintiff.
This case isone of equitable cognizance, and either party may be held liable.
(Orson Adams, substituted for George E. Bowden, receiver, vs. Jacob C. Johnson
and Betsey Valentine, U. S. Sup. Court, October term, 1882.)
XIX. LIABILITY OF EXECUTOH, ADMINISTRATOR, AND HEIRS OF.—Where stock-

holder died, before failure of bank, stock not having been transferred to
name of administrator: Held, that the stock is not to be regarded as having been at the time of the failure the property of the administrator, in
such a sense as to constitute him a shareholder within the meaning of sec.
5152, U. S. Rev. Stat., so as to limit liability of the estate to funds actually
in the hands of administrator: Held, also, that the provision of the act exempting executors, administrators, and trustee from personal liability
was not intended to affect the liability to assessments of estates in process
of settlement, but only to prevent a personal liability from running against
persons acting in a trust capacity, who had received the stock for the
benefit of trust estates. (Davis vs. Weed, 44 Conn., p. 569.)
XX. The liability of a stockholder is in the nature of a contract, and as such was
a personal liability, for which his estate was holden at his death. (Davis
vs. Weed, supra, citing Hawthorne vs. Calef, 2 Wall., p. 22; Lowry vs. Jamen,
46 N. Y., p. 119; Bailey vs. Hollisttr, 26 N. Y., p. 112.)
XXI. LIABILITY OF TRUSTEE OF.—To protect trustee of stock from personal lia-

XXII.
XXIII.
XXIV.

XXV.

bility it must appear upon the books that he held as sueh trustee. (Davis
vs. Essex Baptist Society, 44 Conn., p. 582.)
Creditors have a right to know who have pledged their personal liability.
(Ibid.)
If a trustee wishes to disclose his trusteeship, there is no difficulty in giving
notice upon the books of the bank. If he does not do so, he is guilty of
laches, for which others should not suffer. (Ibid.)
The settlement of the affairs of an insolvent bank would be rendered a matter of great labor, expense, and delay if persons who appeared upon the
books of the bank as individual stockholders were permitted to relieve
themselves by proof aliunde that they held the stock as executors, guardians, or trustees. (Ibid.)
[NOTE.—The last-cited case, and Davis vs. Weed, supra, although reported in the Connecticut Reports, were decided by the United States
District Court.]
LIABILITY OF TRANSFEREE OF.—The transferee of shares, when such transfer
is absolute on the books of the bank, is liable to creditors to the amount of
such shares, although in fact he holds them as collateral security for a
loan to the shareholder who transferred them. (Hale vs. Walker, 3L Iowa,
p. 614; Adderly vs. Storm, 6 Hill, p. 624; Van Biker's case, 20 Wend., p. 614;
Bowden, receiver, vs. Santos et ah, 1 Hugh., p. 158; Marcy vs. Clark, 17 Mass.,
p. 330.)
[NOTE.—In the Banker's Magazine for January, 1875, is a notice of the case
of Mann, receiver, vs. Dr. Cheeseman, decided by Blatchford, J., in the United.
States Circuit Court in New York, in which the judge held that until there
was a transfer of shares on the books of the bank, the shareholder whose name
there appeared was liable for the debts of the bank j that an actual sale and




REPORT OF THE COMPTROLLER OF THE CURRENCY.

99

SHAREHOLDERS—Continued.

the signing of the ordinary power of attorney on the back of the certificate
will not relieve the seller To the foregoing rulings of State and other
subordinate tribunals may now be added the decision of the Supreme Court
of the United States in Germania Bank et al. vs. Case, receiver, already cited.
The Germania National Bank of New Orleans discounted a note for the
firm of Phelps, McCullongh & Co. for $14,000, at ninety days, taking as
part security therefor the pledge of 100 shares of the Crescent City National
Bank stock, with power of attorney to the Germania cashier to transfer,
sell, & c , on default in payment) of the note. Phelps, McCullough & Co.
failed, and the note was protested at maturity. Prior to the maturity of
the note, the Crescent City Bank sustained such heavy losses that it was
notoriously in bad repute in New Orleans; and yet, when the note fell due
the cashier of the Uermania immediately transferred to his own bank, upon
the books of the Crescent City Bank, the 100 shares so pledged. Afterwards,
on the same day, he transferred 76 of these shares to one Waldo, a clerk of
the Germania Bank; and on the day following transferred the remainder to
said Waldo. It was proved that Waldo paid IK thing, was the mere agent
of the Germania Bank, which still owned the 100 shares as security for the
payment of said note, and that one of the principal reasons for the transfers to Waldo was the possible liability of the shareholders of the Crescent
City Bank for its debts in case of insolvency. Soon after, the Crescent City
Bank failed. Held, per Strong, J., that the transfers to said Waldo were
void as against said receiver, and that although the Germania Bank only
held said shares as collateral security for the payment of said discount, it
was still liable as owner for the assessment in this case ordered by the
Comptroller. The opinion is able and fortified by numerous authorities.
In this same case, at a former term, upon a motion to dismiss the appeals
of certain of the appellants, the Supreme Court recognized the right of the
Comptroller to make an additional assessment, if deemed necessary; and
for this reason sustained the appeals, holding that the matter in dispute
was, or might be, over $5,000, although the decrees appealed from were severally less than that amount. The assessment wras for 70 per cent.]
(See, also, Pullman vs. Upton, 96 U. 8. [6 Otto'], p. 328, as to liability of
transferee.)
XXVI. Where a shareholder of a corporation is called upon to respond to a liability
as such, he is not permitted to deny the existence of such corporation.
(B. U. Keyser, receiver, vs. Jane C. Hitz, Supreme Court, D. C, June 26, 1883.)
XXVII. Under married women's act, D. C, where during marriage a married woman
acquires bank stock otherwise than from her husband, both her title and
liability are absolute. {Ibid.) Where she acquires it from her husband,
she holds it with a qualified property in her husband. It is liable, as a
chose in action, to be reduced to his possession. (Ibid.) Where a woman,
holding savings-bank stock acquired by deed or gift from her husband,
agrees, with his consent, to convert the stock into national-bank stock, and
although still holding it subject to his marital rights, she is liable to assessment as a stockholder and must pay such assessment from her estate.
(Ibid.) If the transfer to her and the subsequent conversion were without
her knowledge, it might be otherwise.
XXVIII. The liability incurred by a holder of national-bank stock is statutory and
not by contract. Being so it attaches, as an incident of ownership, to all
who are capable of such ownership, without reference to any supposed voluntary assumption by contract, express or implied. Therefore when national-bank stock is held by a feme covert, either in her own right or subject to the marital rights of her husband, the liability to be assessed affects
her alone, and it is not necessary, in an action to enforce collection of an
assessment, to join her husband, as would be necessary if it were a common-law obligation or liability of the wife. (Ibid.)
XXIX. PLEDGE TO A NATIONAL BANK OF ITS OWN SHARES AS SECURITY.—Where a

national bank made a loan upon the pledge of its own shares and afterward
sold the shares to obtain payment of the loan which exceeded the amount
realized from the shares: Held, that the owner of the shares could not, on
the ground that the statute forbids a national bank to take its own shares,
as security, recover from the bank the amount realized upon the sale of the
shares. (Supreme Court of the United States. First National Bank vs. Stewart.)
XXX. The Pacific National Bank of Boston was organized in October, 1877, with a
capital of $250,000, with the right to increase it to $1,000,000. In November, 1879, its capital was raised to $500,000; September 13,1881, the directors voted to increase the capital to $1,000,000." On November 18,1881, the
bank suspended. On December 13,1881, the directors voted that as $38,700




100

REPORT OF THE COMPTROLLER OF THE CURRENCY.

SHAREHOLDERS—Continued.

of the increase of capital stock had not been paid in, the capital be fixed
at $961,300, and the Comptroller of the Currency was notified to that effect,
and he notified the bank, under Revised Statutes, section 5205, to pay a
deficiency on its capital stock by an assessment of 100 per cent. At the
annual meeting the assessment was voted, and on March 18, 1881, with
consent of the Comptroller and the approval of the directors and the examiner, the bank resumed businesa, and continued until May 20, 1881, when
it again suspended and was put in the hands of a receiver. Prior to May
20, 1882, $742,800 of the voluntary assessment had been paid in. Complainant was the owner of 25 shares of stock on September 13, 1881, and
after the vote to increase the stock, took 25 shares, for which he paid
$2,500, on October 1, 1881, and received a certificate. He voted for the
assessment at the annual meeting, and in February, 1882, paid the assessment on the old and new stock, and subsequently sought to enjoin the
suit at law against him by the receiver to enforce his individual liability
as a stockholder, under Revised Statutes, section 5151, on the ground that
the increase of capital was illegal and void, and that the voluntary assessment under Revised Statutes, section 5205, relieved the stockholders of
individual liability : Held, that he was not entitled to relief, and the bill
should be dismissed. (Morrison vs. Price. Federal Reporter, vol. 23,p. 217.)
SHAREHOLDER'S RIGHT TO SUE.

I. In an action by a shareholder of a national bank charging the directors with
misconduct, if the complainant fails to show a demand on the Comptroller
for and his refusal of a direction to the receiver to bring suit, it is bad, and
the action must fail; though it is said that if the Comptroller,in a proper
case, should thus refuse, probably the stockholders could sue, making the
bank a proper party. (Brinkerhoffvs. Bostwick, 23 Hun. [N. ¥.], 237.)
[NOTE.—In a suit at law in New Jersey, by one Ackerman, a shareholder,
against Halsey, president of the Mechanics7 National Bank, it was, by Mr. Justice Uepue, Held, 1st. That a suit under section 5239 of the national bank
act, to enforce the liability of a director for misconduct, should be brought
by the corporation, or, when in the hands of a receiver, by him. 2d. That
in the event of the improper refusal of the corporation or receiver to sue,
one or more shareholders might institute a suit; but in such instances the
suit should be for the benefit of all shareholders, making the bank or receiver a proper party, and, of course, the proceedings should be, not at
law, but in equity. ]
II. ACTION BY SHAREHOLDERS AGAINST BANK OFFICER FOR MISMANAGEMENT.—

An action will not lie by a stockholder in a national bank against the
president and directors for their neglect and mismanagement of the affairs
of the bank, whereby insolvency ensued and the stock became worthless.
{New Jersey Supreme Court. Conway vs. Halsey.)

SHARES OF STOCK.

I. A national bank whose certificates of stock specify that the shares are transferable on the books of the bank on surrender of the certificates, and not
otherwise, and which suffers a shareholder to transfer without such surrender, is liable to a bonajide transferee, for value of same stock, who produces
such certificate with usual power of attorney to transfer; and this is so
though no notice had been given to the bank of the transfer. (Bank vs.
Lanier, 11 Wall, p. 369.)
II. Shares are quasi negotiable. (Ibid, p. 369.)
III. Stock of an incorporated company is chose in action. (B. U. Keyser vs. Jane C.
Hitz, Sup. Court D. C, June 26, 1883.)
IV. The creditors of a shareholder in a national bank sued him in the place where
the bank was located, and attached his stock, obtained judgment, sold the
shares on execution, and on the sheriff's certificate the bank transferred the
stock to purchasers. It appears that a year previous to this action the
owner had assigned them to D, with power of attorney to make the transfer, and, January, 1869, D assigned them to S for full consideration, power
of attorney, &c. S went to bank to make the transfer. The bank refusing, he brought suit and recovered judgment. The judge held that where
there are no positive provisions of law making transfers without public
notice void as against attaching creditors, such creditors take their debtor's property subject to honest and bonajide liens and equitable transfers.
(Scott vs. Pequonnock NatH Bank, U. S. Circuit Court, S. D. N. Y.)



REPORT OF THE COMPTROLLER OF THE CURRENCY.

101

SHARES OF STOCK—Continued.
V. ASSIGNMENT OF BANK STOCK NOT TRANSFERRED ON BANK BOOKS.—The by-

laws of the Eliot National Bank provided that its stock should be assignable only on the books, and that when the stock was transferred the certificate should be returned and canceled, and a new one issued. The owner
of stock assigned his certificate with power of attorney to the Continental
National Bank as collateral security for a loan: Held, that this assignment
to the latter bank was valid against an attachment of the stock by the former bank in an action by it against the owner of the stock. ( United States
Circuit Court, Mass., May 21, 1881; Continental National Bank vs. Eliot National Bank.)
VI. The payee and indorser of a negotiable promissory note is liable as maker where
he knows the maker is a fictitious x>erson; and if he were to be regarded
as an indorser, he would be liable on his indorsement without demand or
notice. The sale which section 5201 Rev. Stat. requires a national bank
to make of its own stock is real and not fictitious. And where the president and cashier of a national bank, which is the owner of some of its own
stock, purchase such stock, and execute their note to the bank for the purchase money, in a suit against them on the note by the receiver of such
bank they are estopped to set up as a defense that their purchase of the
stock was unauthorized, or that their purchase was merely colorable, or to
avoid a forfeiture of the bank's charter, or for any other deceptive or illegal purpose. The sale by the president of a national bank to himself and
the cashier of the stock of the bank owned by the bank may be ratified by
the bank or its legal representative; but a sale by himself to the bank of
its own stock, where he acts in the double capacity of seller and buyer,
cannot be ratified when the purchase of the stock by the bank is not necessary to prevent loss upon a debt previously contracted. In the one case
the sale of the stock is enjoined by law, and its sale by the president may
be ratified, however irregular it may have been in the first instance; but
the purchase of its own stock by the bank is interdicted by law, and for
this act there can be no authorization in advance and no ratification afterwards. (Bundy, as Receiver, etc., vs. Jackson. Federal Reporter, vol. 24,p. 628.)
SURPLUS FUND.

I. Where the shares of a national bank are assessed for taxation at their par
value, the surplus fund of such bank, in excess of the amount required by
law to be kept on hand, is taxable. (First National Bank vs. Peterborough,
56 N. H., p. 38.) But when such shares are assessed at their market value,
and the amount of such surplus is taken into account in estimating such
market value, it is iiot taxable. (State vs. City of Newark, 10 Vroom \_N. </.],
j>.380.)
II. Neither a dividend which has been declared, nor a portion of capital of a national bank remaining after a reduction has been made, can be retained by
the directors to constitute a surplus fund. (Seeley vs. New York National
Exchange Bank, 4 Abb. [N. Y.~\,p. 61.)
^
III. The surplus fund which a national bank is required, by section 5199, U. S. Revised Statutes, to reserve from its net profits, is not excluded in the valuation of its shares for taxation. (Str afford National Bank vs. Dover, 2 Thomp.
Cases, p. 296, Sup. Court N. H., following National Bank vs. Commonwealth,
9 Wall.,p. 353; People vs. Commissioners, 94 U. S., p. 415.)
TAXATION.

I. BY LICENSE.—The District of Columbia imposed a license tax on all the national banks in the District, the rate being 50 cents annually on each $1,000
of the capital invested. The Citizens1 National Bank refused to pay this
assessment, and a test case was made in the District criminal court, Mr.
Justice MacArthur presiding. This court, after full argument, held the tax
illegal and void, as being contrary to the mode of taxation prescribed by
Congress, which mode was held to be exclusive. This ruling of Judge
MacArthur is fully sustained by the supreme court of Missouri. (Carthage
vs. Carthage National Bank, 71 Mo., 508 ; also by National Bank of Titusville
vs. Cadwell, U. S. Dist. Court, West. List. Pa., Fed. Reporter, XIII, p. 429.)
II. OF INSOLVENT BANKS.—A tax levied upon the property of a national bank,
subsequent to its insolvency, is subordinate to the rights of a receiver, even
though he be appointed after such levy. ( Woodward vs. Ellsworth, 4 Colo.,
p. 590.)
(See Title " SURPLUS*FUND," supra.)



102

REPORT OF THE COMPTROLLER OF THE CURRENCY.

TAXATION— Continued.
III. OF INTEREST AND DIVIDENDS.—Under the internal-revenue act of July, 1870,

interest paid and dividends declared during the last five months of 1870
are taxable, as well as those declared during the year 1871. {Blake vs.
National Banks, 23 Wall., p. 307.)
IV. OF SHARES OF STOCK.—The act of 1864, rightly construed, subjects the shares
of tbe association in the hands of shareholders to taxation by the States,
under certain limitations set forth in section 41, without regard to the fact
that part or the whole of the capital of such association is invested in national securities, which are declared by law exempt from State taxation.
( Van Allen vs. Assessors, 3 Wall., 573. Chase, C. J., and other judges dissented.)
V. Act thus construed is constitutional. (Ibid.,p. 573.)
VI. A certain statute of New York, which taxed shares of national-bank stock, was
declared void, because shares of State banks were not taxed, although their
capital was; the act of Congress prescribing that shares of national banks
shall be taxed only as shares of State banks are. (Ibid., p. 573. The ruling
as to taxing shares of stock reaffirmed in Bradley vs. People, 4 Wall., p. 459;
National Bank vs. Commonwealth, 9 Wall., p. 353.)

VII. In last case, Held, that a State law requiring the cashier to pay the tax was
valid. Meld, also, that a certain State tax law virtually taxed "shares of
moneyed corporations," <fcc. (Ibid., p. 353.)
VIII. Section 5219 of United States Revised Statutes applies to and includes as
well the valuation of shares for taxation as the rate of tax to be imposed,
and prohibits a State from discriminating, detrimentally to a national
bank, as to either valuation or rate. Therefore, a statute of the State of
New York which permitted a party, when being assessed, to deduct his
just debts from the value of all his personal property, save such as was invested in shares of national-bank stock, was held void as to taxation of
such shares. (People vs. Weaver, U. S.,p. 539, overruling the judgment of
New York court of appeals in same cause.)
IX. So in another case, where local assessors valued all other property below its
cash worth, but assessed shares of national-bank stock at par or their full
value: Held, that the tax upon shares thus assessed ^vas invalid, and that,
upon payment of the amount justly assessable, a court of equity would
enjoin collection of the residue. (Pelton vs. Commercial National Bank of
Cleveland, 101 U. S , p. 143.)

X. Where i t appeared that throughout a portion of Ohio, including Lucas County,
and perhaps all over the State, a settled rule with the equalizing officers
was to value real estate and ordinary personal property at one-third of their
worth, while moneyed capital was fixed at three-fifths, and the State board
of equalization, without changing the valuation thus made of real estate
and ordinary personalty, assessed national bank shares at par: Held, that
such unequal valuation was in violation of the constitutional rights of such
shareholders; and, on payment of the tax justly due, equity would enjoin
collection of the residue. (Cummings vs. Merchants' National Bank of Toledo,

101 U. S.,p. 153.)
XI. Shares of stock in national banks are personal property, and though in one
sense incorporeal, the law which created them could separate them from
the person of their owner for taxation, and give them a situs of their own.
(Tappan, collector, vs. Bank, 19 Wall., p. 490.)

XII. S ction 41 did thus separate them and give them a situs of their own. (Ibid.,
p. 490.)
XIII. This provision of the national currency act became a law of the property (in
shares), and every State in which a bank was located acquired jurisdiction,
for taxation, of all the shares, whether owned by residents or non-residents,
and power to legislate accordingly. (Ibid., p. 490.)
XIV. Under the act of Congress of February 10, 1868, enacting that each State legislature may direct the manner of taxing all shares of stock of national
banks located within the State, subject to the restriction that the taxation
shall not be greater than the rate assessed upon other moneyed capital in the
hands of individual citizens of such State, and of a certain act of the legislature of Pennsylvania, which provides that such shares shall be assessed
for school, municipal, and local purposes at the same rate as is now or may
hereafter be assessed and imposed upon other moneyed capital in the hands
of individual citizens of the State : Held, that shares of national-bank stock
may be valued for taxation for county, school, municipal, and local purposes at an amount above their par value.
the Borough of Carlisle, 23 Wall, p. 480.)

(Hepburn vs. School Directors of

[NOTE.—In this case it appeared that Hepburn owned several thousand

dollars of national-bank stock, the par value of which was $100 per share,


REPORT OF THE COMPTROLLER OF THE CURRENCY.

103

TAXATION—Continued.

and that it was valued for taxation, for a school tax, at $150 per share.
This assessment was held valid, notwithstanding that by a certain act of
the State legislature, applicable to the county of Cumberland, in which the
borough of Carlisle was situated, certain specitied kinds of moneyed obligations were exempt from taxation except for State purposes. ]
sho
XV. The rate of taxation of shares of a national bank by a State should be the
same as, or not greater than, that upon the moneyed capital of the individual citizen which is liable to taxation ; that is, no greater in proportion
or percentage of tax on the valuation of shares should be levied than upon
other moneyed taxable capital in the hands of the citizen. (People vs. The
Commissioners,'(f'c, 4 Wall., p. 256.)
XVI. The act of Congress approved June 3,1864 (R. S., sec. 5219), was not intended
to curtail the power of the States on the subject of taxation, or to prohibit
the exemption of particular kinds of property, but to protect the corporations formed under its authority from unfriendly discrimination by the
States in the exercise of their taxing power. (Adams vs. Nashville, 95 U.
S. [5 Otto'], p. 19. See also, Saint Louis National Bank, National Bank of
the State of Missouri, Third National Bank, Valley National Bank, and Merchants'' National Bank of Saint Louis vs. Papin, in United States circuit court,
eastern district of Missouri, September term, 1876. Also, Gallatin National
Bank of New York vs. Commissioners of Taxes, supreme court of New York,
first department, general term, November, 1876. These latter cases are published in the Bankers7 Magazine for December, 1876.)
XVII. OF TOWN AND CITY NOTES, ETC.—Section 3441, U. S. Revised Statutes, which
enacts that every national bank, State bank, or banker, or association shall
pay a tax of ten per centum on the amount of notes of any town, city, or
municipal corporation paid out by them, imposes the taxes thus laid not on
the notes, but on their use as a circulating medium, and is therefore constitutional. (National Bank vs. United States, 101 U. S., p. 1.)
XVIII. When by a State statute the citizen may have the amount of his indebtedness deducted from the total value of his personal property, thus ascertaining the amount of bis personal estate subject to taxation, and a subsequent
statute relating to taxation of bank shares makes no provision for such deduction, the latter statute is nevertheless the valid rule for assessing such
shares in all instances where there are no debts to be deducted. That the
latter statute does not authorize a deduction for debts does not invalidate
it, except as to that distinct and separable principle.
XIX. Under such statutes assessments of bank shares where there are no debts to
deduct are valid. Even in cases of assessments where debts exist, which
should be deducted, but are not, the assessments are avoidable only, not
void. (Supervisors of Albany vs. Stanley, U. S. Supreme Court, April, 1882.
Fed. Reporter, Vol. XII, p. 82.)
XX. Johnston vs. U. S. Court of Claims, December 1, 1881. Under section 22 of the
act of March 3, 1869, relative to abatement of taxes versus insolvent national banks, semi-annual taxes are expected to come out of profits of the
bank, and, thus reducing dividends, they are a tax on the proprietors of the
insti.ution, not on the depositors. (Court of Claims Reports, Vol. 17, 158.)
XXI. In the two following cases, one in California and one in Alabama, it was
decided in each instance that the particular form of discrimination under
the laws and regulations of the Stato was contrary to the Federal law permitting the taxation of national-bank shares by States. (Pollard vs. Zuberf
65 Ala., 635, Miller vs. Heilbrun, 58 Cal., 133.) '
XXII. The former decisions of this court do not sustain the proposition that nationalbank shares may be subjected, under the authority of the state, to local
taxation, where a very material part, relatively, of other moneyed capital
in hands of individual citizens within the same jurisdiction, or taxing
district, is exempted from such taxation. While exact uniformity or equality of taxation cannot be expected under any system, capital invested in
national-bank shares was intended by Congress to be placed upon the same
footing of substantial equality in respect of taxation by State authority as
the State establishes for other moneyed capital in the hands of individual
citizens, however invested, whether in state bank shares or otherwise.
(Boyer Y8.*Boyer, V. S. Supreme Court, Bankers' Magazine, June 1885, p. 934.)
TRANSFERS OF ASSETS.

I. A preference of one creditor to another, within the meaning of section 5242
Revised Statutes, is a preference given by the bank to secure or pay a pre
existing debt. Where a person, knowing that a national bank is embar



104

REPORT OF THE COMPTROLLER OF THE CURRENCY.

TRANSFERS OF ASSETS—Continued.

II.

III.

IV.

Y.

VI.

rassed, makes to it a loan, taking as security therefor a pledge of part of
the assets of the bank, this transfer does not give him the preference prohibited by tbe statute. (Casey vs. Le Societe de Credit Mobilier, 2 Woodst
p. 77.)
WHEN NOT BINDING.—Under said section 5242, which declares void transfer*
of its property by a national bank, made in contemplation of insolvency,
and with a view to give a preference to one creditor over another, or with
a view to prevent the application of the assets of the bank in the manner
prescribed by law, such a transfer is void if the insolvency is in the contemplation of the banl^ making the transfer, although the party to whom
it is made does not know or contemplate the insolvency of the bank. (Case,
Receiver, vs. Citizens1 Bank, 2 Woods, p. 23.)
As to when & pledge of assets, even when intended as security for. a loan to a
national bank, will be held invalid as against general creditors, see the
cases of Casey, Receiver, vs. Le Societe de Credit Mobilier; Same vs. National
Parlc Bank; Same vs. Schuchardt, 96 U. S. [6 Otto^pp. 467, 492, 494.
After a vote of the directors to close their bank and go into liquidation, any
transfer of the assets of the bank to a creditor, whereby that creditor secures*
a preference, will be presumed to be made with a fraudulent intent. (National Security Bank vs. Price, Receiver, Federal Reporter, Vol. 22, p. 697.)
The Pacific National Bank of Boston suspended November 18, 1881, but after
examination resumed March 18, 1882, with the consent of the Comptroller
of the Currency, and continued to transact business until May 22, 1882,
when it again failed. Between March 24, 1882, and April 28, 1882, certain
creditors, whose claims had been disputed aud placed in a suspense account,,
attached the property of the bank, whereupon the bank gave bond with
the president and a director as sureties, and the attachments were dissolved.
The bank transferred to the sureties, March 22, 1882, a certificate of deposit
for |100,000 on another bank, which, on April 13, 1882, was exchanged for
other property. Held, that such transfer was not made after the commission
of an act of insolvency by the bank, or in contemplation thereof, and with
a view to a preference or to prevent the application of the assets as prescribed by the banking act. (Price, Receiver, vs. Coleman and others, Federal
Reporter, Vol. 22, p. 694.)
A bank is in contemplation of insolvency when the fact becomes reasonably
apparent to its officers that the concern will presently be uuable to meet
its obligations, and will be obliged to suspend its ordinary operations. The
intent to give a preference is presumed when a payment is made to a creditor by a bank whose officers know of its insolvency, and therefore that it
cannot pay all of its creditors in full. Where property is transferred by a
bank to a creditor to avoid paying him the amount due him, and thus postpone the failure of the bank, it is none the less fraudulent and void. On
rehearing, former opiuion (23 Fed. Rep. 311) is overruled, and transfer held
fraudulent and set aside. (Roberts, Receiver, etc., vs. Hill, AdmW, etc., Federal Reporter, Vol. 24, p. 571.)

TRUSTEES, ETC.

I. A trustee transferred sureties to the Merchants' Bank of Boston as collateral
for money advanced and lost in speculation. The Massachusetts supreme
court compelled the bank to restore the collateral, some $40,000, to the
plaintiff, a lady, on the ground that the stocks and bonds were transferred
under such circumstances as to put the bank on inquiry.
ULTRA VIRES.

I. WHAT IS.—National banks cannot sell railroad bonds for third parties on commission, or engage in business of that character. (Susan Weckler vs. First .
National Bank of Hagerstown, Court of Appeals of Maryland, 42 Md., p. 581.)
II. In an action of deceit against a national bank, for alleged false representations of its teller in the sale to plaintiff of certain railroad bonds: Held,
that the selling of such bonds on commiHsion was not within the authorized
business of a national bank, and being thus beyond the scope of its corporate powers, the defense of ultra vires was open to it, and it was not responsible for the deceit of its teller. (Ibid.)
III. A national bank has no inherent power to act as age*nt in the purchase of
bonds or stocks for third persons, and its president cannot bind it by an
agreement so to act without special authority. (First National Bank of
Allentown vs. Hoch, 89, Penn., p. 324.) Quere: If the bank has no such inherent power, how can it confer u special authority" on the president?
[NOTE.—Whether the purchase of promissory notes by a bank empowered
to
 discount them is ultra vires, is a question upon which the adjudication*


REPORT OF THE COMPTROLLER OF THE CURRENCY.

105

ULTRA VIRES—Continued.

IV.

V.
VI.

VII.

VIII.

IX.

are in conflict. That such purchase is valid, see Pape vs. Capital Bank of
Topeka, 20 Kans., p. 440; Smith vs. Exchange Bank, 26 0., p. 141, $c. Per
contra, see Farmers and Mechanics' Bank vs. Baldwin, 23 Minn., p. 198; First
National Bank of Rochester vs. Pierson, 1 Thomp. Cases, p. 673. There is
much in the point that if a national bank can purchase promissory notes, it
can do so for such price as the seller may be willing to take; and thus the
prohibitions as to usury may be practically nullified. But further, why
should not the rule a expressio unius est exclusio alterius" control? In National Bank vs. Johnson, 104 U. S. 271, the United States Supreme Court
held that a national bank may purchase business paper (promissory notes)
when the transaction amounts in law to a discount, but expressly leaves undecided the question whether such bank can buy such paper "indorsed
without recourse," or transferred by delivery only. (See the closing paragraph of opinion.)]
WHAT IS NOT.—A national bank took a lien upon real estate to secure a preexisting debt. Afterward the bank paid $500 to discharge a prior lien upon
the land, taking a note and mortgage on laud in Kansas to secure this advance. Lien and mortgage held valid and warranted bylaw. (Ornn vs.
Merchants1 National Bank, 16 Kans.,p. 341.)
A chattel mortgage taken by a national bank to secure a pre-existing debt is
valid, and will be enforced. (Spofford vs. First National Bank, 37 Iowa, p.
181.)
A bank organized under the national bank act has power to sell any immovable it may own, and may reserve a mortgage and vendor's privilege
(lien) thereon. (New Orleans National Bank vs. Raymond, 29 La. Annual, p.
355.)
It would seem that where a national bank had realized the consideration
agreed upon for its guarantee of the paper of another, the doctrine of
estoppel in pais precludes such bank from asserting that such guarantee isultra vires. (People's Bank vs. National Bank, 101 U. S., p. 181.)
A national bank has corporate power to enter into an agreement with a customer to exchange for him non-registered for registered United States,
bonds; and it is bound by an agreement to that effect, made for a sufficient
consideration by its cashier. (Yerkes vs. National Bank, 69 N. Y., p. 382.)
(See, also, Title "DEPOSITS, SPECIAL," ante.)
A township in Vermont issued its bonds with interest coupons attached.
Each coupon contained an express promise to pay, &c. A national bank
bought of these bonds, and sued the township in assumpsit, on unpaid coupons : Held, that the action was in due form, and that a national bank could
legally buy, hold, and sue upon such bonds and upon the coupons. (North
Bennington Bank vs. Bennington,16 Blatchf.,p,h3.)

USURY.

I. State laws relative to usury do not apply to national banks. (Farmers and
Mechanics7 National Bank vs. Dearing, 1 Otto, p. 29.)
II. The only forfeiture declared by the 30th section of the act of June 3, 1864
(Revised Statutes, section 5198) is of the entire interest which the note or
bill carries with it, or which has been agreed to be paid thereon, when the
rate knowingly reserved or charged by a national bank is in excess of that
allowed by that section ; and no loss of the entire debt is incurred by such
bank as a penalty or otherwise, by reason of the provision of the usury law
of a State. (Farmers and Mechanics7 National Bank vs. Bearing, above cited;
National Exchange Bank vs. Moore. 2 Bond, p. 170; Barnett vs. National Bank,
98 U. S. [8 Otto}, p. 555.)
III. If usurious interest has been paid to a national bank, twice the amount of
interest thus paid may be recovered from such bank by the person paying
the same, or his legal representative; but as this provision of the statute is
penal and the same statute prescribes how such recovery may be had, no
other remedy can be resorted to. It must be recovered, if at all, iu a suit
in the nature of an action of debt. That the borrower from a national
bank has paid usurious interest can avail him nothing, as a defense, or by
way of a set-off, when sued for the amount of the loan by the bauk. (Barnett vs. National Bank, above cited.)
(See Title "INTEREST," ante.)
IV. While the national bank act prescribes penalties for usury, it does not make
the contract (e.g. contract of indorser) void; and for the court so to decide
would be to add a penalty not imposed by the statute. This the court will
not do. (Oates vs. First National Bank of Montgomery, 100 U. S., p. 239.)



106

REPORT OF THE COMPTROLLER OF THE CURRENCY.

USURY—Continued.
V. The assignee in bankruptcy of a borrower from a national bank may sue for
and recover the penalty for having received usurious interest. ( Wright vs.
First National Bank of Greensburg, 2 Thomp. Cases, p. 138, U. S. Cir. Court,
Indiana.)
VI. The exacting of usurious interest by a national bank, upon the diseount of a
note, works a forfeiture of interest accruing after, as well as before, the
maturity of the note. (National Bank of Uniontown vs. Stauffer, 2 Thomp.
Cases, p. 178, U. S. Cir. Court, Western District Penn.)
VII. There are no State banks of issue in this State entitled to receive more than
six per cent, interest, consequently national banks cannot contract for or
receive a higher rate than six per cent. Where money is recoverable under
a statute that makes no provision for interest none can be recovered.
(Supreme Court of Pennsylvania, Columbia National Bank vs. Bletz.)
A person who procures the discount by a national bank of promissory notes
of others, held by him, he indorsing the same, at an unlawful rate of interest, may maintain an action to recover back from the bank twice the amount
of such interest, under the provisions of the United States Revised Statutes,
section 5198, giving the right to such an action, and this, notwithstanding
the transaction, would not, under the law of the State where the bank is
located, be usurious if between private persons. (United States Supreme
Court, December 12, 1881. National Bank of Gloversville vs. Johnson.)
VIII. Th« provision of the national banking act against usury will be enforced
in favor of the original borrower, or any one who, for a good cause, represents his interest. The bank will be allowed to set off the penalty by expenses of exchange, and by any just debt against the original borrower.
State laws not applicable. (Barrett vs. Shtlbyville National Bank, Banker's
Magazine, Vol. 40, p. 212.)
IX. The Federal statute provides the only remedy, and that by way of penalty,
against a national bank for the taking of usury; thus the plaintiff had
brought a suit in the United States court to recover the penalty prescribed
by the said statute, and had obtained a judgment. Held, that he could
not thereafter maintain an action of assumpsit in a State court to recover
the excess above the legal interest paid to the bank. (Phillips Hill vs. National Bank of Barre; Vermont Supreme Court, Banker's Magazine, April, 1885,
p. 775.)
VlSITORIAL POWERS.

I, Section 5241 U. S. Rev. Stats, prohibits a State court from compelling officers
of a national bank to produce the bank books for the purpose of ascertaining facts upon which to impose a State tax upon the deposits of depositors.
(National Bank of Youngstoivn vs. Hughes, Auditor, $"c, 2 Thomp. Cases, p.
176, U. S. Cir. Court, N. Dist. Ohio.)




REPORT OF THE COMPTROLLER OF THE CURRENCY.

107

Table showing by States the number and capital of national banks, the corporate existence
of which was extended prior to November 1. 1885.

Capital.

State.
2
1
73
11
2
1
46
32
23
2
10
1
53
29
199
19
6
8

Alabama
Colorado
Connecticut
Delaware
District of Columbia.
'Georgia
Illinois
Indiana
Iowa
"Kansas
Kentucky.
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Missouri

$350, 000
200, 000
22, 450, 820
1,503, 185
500, 000
150, 000
6, 090, 000
4,157, 000
2, 545, 000
200, 000
2, 950, 000
300, 000
8, 630, 000
12, 069, 960
85, 712, 500
1, 575, 000
2, 100,000
3, 150, 000

State.
Nebraska
New Hampshire
New Jersey
New York*
North Carolina
Ohio....
:
Oregon
Pennsylvania.
Rhode Island
Tennessee
Texas
Vermont
Virginia
West Virginia
Wisconsin
Total

No. of I
banks.

Capital.

2
34
48
221
1
82
1
163
59
4
1
28
7
11
19

$250, 000
4, 455, 000
9, 783, 350
72, 572, 460
300, 000
14, 854, 000
250, 000
43, 779, 390
19, 959, 800
1,150, 000
300, 000
5,156, 000
1, 416, 000
1, 341, 000
1, 685, 000

1,199

331, 885, 465

National banks whose corporate existence will expire during the year 1836, with the date of
the 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.

No.

Title of bank.

1638
1635

The Northfield National Bank
The Shenandoah Valley National Bank ot
Winchester.
The National Bank of Texas, Galveston
The First National Bank of Houston
The National Bank of Athens
The Merchants'National Bank of Savannah
! The First National Bank of Helena
The Merchants 1 National Bank of Little
Rock.
j The Rocky Mountain National Bank of
Central City.
The Colorado National Bank of Denver
The First National Bunk of Fort Dodge
The First Nation d Bank of Wilmington
The San Antonio National Bank
The National Bank of Lebanon
The Ridgely National Bank of Springfield...
The Pennsylvania National Bank of Pottsville.
The First National Bank of Atchison
The Cleveland National Bank

1642
1644
1639
1640
1649
1648
1652
1651
1661
1656
1657
1664
1662
1663
1672
1666




22, 500
31, 500
72, 000
54, 450
90, 000
180, 000

180,000
45, 000
45, 000
45, 000
11,250
45, 000
180, 000

108

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Number of hanks organized and in operation, with their capital, bonds on deposit, and circulation issued, redeemed, and outstanding on November 1, 1885.
Banks.

Circulation.

States and TerIn
In
ritories.
Organ- liqui- operaized. da- tion.
tion.
10

Capital
stock paid U. S. bonds
on deposit.
in.

Issued.

Redeemed. *Outstanding.

Maine
New Hampshire
Vermont
Massachusetts.
Rhode Island..
Connecticut ...

.81
54
61
262
64
94

5
14
13
3
10

71 $10, 260, 000
6,155, 000
49
7, 541, 000
47
249 97,251,800
61 20, 340, 050
84 24, 921, 820

$8, 724, 250
5, 980, 800
5, 744, 900
64, 278, 250
13, 058, 300
18, 009, 750

$31, 878, 550
20, 066, 655
28, 262,130
273,780,315
57, 989, 805
75, 385, 840

$23, 344, 953
14, 722, 096
22,515,651
211, 975, 698
44, 808, 048
58, 706, 730

Eastern States

616

55

561 166, 469, 670 115,796,250

New York
New Jersey
Pennsylvania..
Delaware
Maryland
Dist! Columbia.

415
82
332
16
47
11

98
10
47

317
72
285
16
44
. 6

Middle States
Virginia
West Virginia.
North Carolina.
South Carolina.
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

903

163

37
26
18
14
23
6
13
8
13
71
8
81
47

13
5
3

Southern States
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nebraska
WesternStates
Nevada
Oregon
Colorado...
Utah
Idaho
Montana
Wyoming
New Mexico ...
Dakota
Washington ...
Arizona
California
Pacific States
and Territ'es
Add for mutilated notes...
Total currency
banks
Add gold banks.
United States

3
5

487, 363, 295

376, 073,176 111, 290,119

41, 907, 800
9, 702, 850
42,420,000
1, 884, 200
7, 791, 950
1, 060, 000

249, 088, 685
44, 953, 880
171, 822,155
5, 708, 885
34, 270, 780
4, 603, 500

204, 899, 703
35, 603, 693
129,167, 320
4,120,145
26,125, 231
3, 734, 771

740 174, 870,195 104, 766, 800

510, 447, 885

403, 650, 863 106, 797, 022

83, 039, 760
12, 728, 350
61,261,140
2, 033, 985
14, 429, 960
1, 377, 000

6
1
3
2
4
3
2
13
15

24
21
15
14
17
5
10
6
9
68
6
68
32

3, 996, 300
2, 111, 000
2,126, 000
1, 936, 200
2, 686, 000
300, 000
1, 825, 000
475, 000
3, 625, 000
6, 895, 900
705, 000
13, 300, 400
5, 007, 500

2, 592, 200
1, 337, 500
1, 097, 000
1, 216, 350
1, 742, 000
147, 500
1, 067, 500
175, 000
2, 225, 000
1, 955, 500
360, 000
8, 894, 000
2, 482, 000

365

70

295

44, 989, 300

67
279
147
224
138
79
167
66
93
80

25
76
57
59
36
30
41
17
18
3

42
203
90
165
102
49
126
49
75
77

6, 631, 000
36, 804, 000
12, 249, 500
25, 362, 600
13,110, 900
4, 485, 000
10,145, 000
11, 363, 700
5,157, 100
6, 210, 000

1,340

362

978 131, 518, 800

2
12
34
9
4
20
5
8
48
17
3
20

1

182

29

9"
3
5
3
2
3
3

$8, 533, 597
5, 344, 559
5, 746,479
61, 804, 617
13,181, 757
16, 679,110

44,188,982
9, 350,187
42, 654, 835
1, 588, 740
8,145, 549
868, 729

10,919,130
6, 771, 990
5, 850, 240
5,016,275
7,176, 700
221,410
4, 255, 670
268, 890
9, 507, 260
4, 447, 660
1, 032, 750
31,617,355 9, 917, 210

8, 509, 462
5, 317, 867
4, 620,190
3, 946, 930
5, 407, 011
110, 260
3,174, 947
107,599
7,038,118
2, 475, 301
678, 600
22, 007,444
7, 415, 111

2, 409, 668
1, 454,123
1, 230, 050
1, 069, 345
1, 769, 689
111,150
1, 080, 723
161, 291
2,469,142
1, 972, 359
354, 150
9, 609, 911
2, 502, 099

25, 291, 550

97, 002, 540

70, 808, 840

26,193, 700

1, 708, 850
22,123, 550
7, 767, 300
8, 234, 250
4, 205, 500
2, 235, 750
4, 036, 000
2, 385, 900
1, 779, 800
2,102, 500

15, 316,165
90, 303, 980
47, 780, 855
46, 484, 885
25, 439, 620
11, 320, 010
19, 691, 150
10, 442, 950
5, 099, 260
4, 413,120

12, 646, 834
65,821,269
38, 230, 733
37, 383, 696
19, 900, 308
8, 761, 987
14, 835, 762
8, 127, 577
3, 396, 989
2, 453, 065

2, 669, 331
24, 482, 711
9, 550,122
9,101,189
5, 539, 312
2, 558, 023
4, 855, 388
2, 315, 373
1, 702, 271
1, 960, 055

56, 579, 400

276,291,995 |

211,558,220

64, 733, 775

1
12
25
6
4
15
5
8
45
15

75, 000
935, 000
2,135,000
800,000
250, 000
1, 835, 000
800, 000
650, 000
2, 695, 000
1, 005, 000

39, 000
499, 900
1, 090, 000
437, 500
67, 800
439, 350
192, 500
442, 500
819, 000
260, 000

17

3, 850, 000

1, 643, 000

198, 520
1, 006,190
3, 653, 360
1, 343, 750
345,430
1, 365, 560
358, 740
1, 223, 890
1, 354,180
754,180
65, 790
2, 359,130

168,418
577, 430
2, 494, 857
912, 301
259, 674
890, 446
217, 000
833, 767
590, 915
269, 970
29, 910
903,830

30,102
428, 760
1,158, 503
431, 449
85, 756
475,114
141, 740
390,123
763, 265
484, 210
35, 880
1, 455, 300

153

15, 030, 000

5, 930, 550

14, 028, 720

8,148, 518

5, 880, 202
568, 081

3,406

679

2,727 532, 877, 965 308, 364, 550 1, 385,134, 435 1, 070, 239, 617 314, 894, 818
384, 269
3, 080, 971
3, 465, 240

3,406

679

2,727 532, 877, 965 308, 364, 550 1, 388, 599, 675 1, 073, 320, 588 315, 847,168

* Including $39,542,979 for which lawful money has been deposited with the Treasurer of the United
States to retire an equal amount of circulation which has not been presented for redemption.



REPORT OF THE COMPTROLLER OF THE CURRENCY.

109

Number and denominations of national-bank notes issued and redeemed, and the number of
each denomination outstanding, on November 1 in each year, from 1873 to 1885.

Ones.

1873.
Issued
Redeemed..

Twos.

Tens.

Fives.

Twenties. Fifties.

15, 524,189 5,195, 111 34, 894,456 12, 560, 399 3, 608,219
653, 071
9, 891, 606 3,120, 723 9,141, 963 2, 573, 070

One
hundreds.

559,7221 416,590
168, 976; 144, 057

One
Five
thouhund r e d s . sands.

16, 496
9,658

5,148
4,530

5, 632, 583 2, 074, 3«8 25, 752, 493 9, 987, 329 2, 955,148

390, 746

272, 533

6,838

618

16, 548, 259 5, 539,113 39, 243,136 13, 337, 076 3, 962,109
11,143, 606 3, 555, 019 13, 041, 605 3, 912, 707 1,171, 6 ~

666,950:
231, 556

492,482
196, 572

17,344
11, 676

5,240
4,683

5, 404, 653jl, 984, 094 26, 201, 531 9, 424, 369 2, 790, 501

435, 394

295,910

18, 046,176 6, 039, 752 47, 055,184 17, 410, 507 5, 296, 064
14, 092,12614, 616, 623 24, 926, 771 7,608,532 2,204,464

884,165
381,037

645, 838j
299, 428

3, 954, 050 1,423,129 22,128, 413 9, 801, 975 3, 091, 600

503,128

346, 410

4,005

482

18, 849, 264i6, 307, 448 51, 783, 528 20, 008, 652 6, 086, 492 985, 615
15, 556, 70815,124, 546 32, 382, 056 10, 369, 214; 3, 052, 246 515, 784

710, 900
395, 785

18, 721
16, 217

5,539
5,272

3, 292, 556 1,182, 902 19, 401, 472 9, 639, 438 3, 034, 246 469, 831

315,115

2,504

267

Issued
20, 616, 024 6, 896, 968 56, 816, 848 22, 266, 064 6, 776, 253 1, 079, 7811 767, 317 20, 022
R e d e e m e d . . ' . " ' . . 16, 815^ 568J5, 555* 526 38,115, 868 12, 434, 779 3^ 703^ 528 634, 67y 479, 317 17, 615

5,668
5,411

Outstanding.
1S74.
Issued . . . .
Redeemed..
Outstanding.

5,

557

1875.
Issued
Redeemed
Outstanding.

18, 476 5,530
14, 471 5,048

1876.
Issued
Redeemed

_ _

Outstanding.

—

_

.i_

.

. .

- - e , - ~

—

—

---i

1877.

O u t s t a n d i n g . ! 3, 800, 456 1, 341, 442 18,700,980 9, 831, 2851 3, 072, 725 445,102

288, 000

2,407

257

22, 478, 415 7, 517, 765 61,191, 288 24,157, 293| 7, 344,167 1,147, 578
18,194,196;6, 026, 692 42, 683, 433 13, 859,149 4,133,178 728, 222

812, 903
541, 859

20, 210
18, 895

6,204
5,900

Outstanding. 4, 284, 219 1, 491, 07318, 507, 855 10, 298,144! 3, 210, 989 419, 356

271, 044

1,315

304

23,167, 677 7, 747, 519 65, 578, 440 25, 904, 223; 7, 869, 951 211, 761
1,
19, 600, 477 6, 501, 270 45, 996, 076 14, 930, 599 4, 437, 343 785, 263

850, 720
581, 604

20, 570
19, 287

6,340
6,057

Outstanding. 3, 567, 200 1, 246, 249 19, 582, 364 10, 973, 624: 3, 432, 608 426, 498

1878.
Issued
Redeemed.

1879.
Issued
Redeemed

9,1161

1, 283

283

I
23,167, 677 7, 747, 519 69,131, 976 27, 203,168; 8, 266, 398 1, 253, 865 879, 490
20, 875, 215 6,943, 889 49,149, 824I15. 821, l i o | 4,684, 820l 825,499 610, 601

20, 763
19,484

6,363
6,124

803, 630 19, 982,152J11, 382, 058! 3, 581, 578; 428, 366 268, 889

1, 279

239

23,167, 677 7, 747, 51973, 612, 504;29, 477, 519 8, 940, 817|l, 357, 574 959, 712
21, 838, 565 7, 286,434153, 516, 488;17, 346, 635! 5, 084, 992J 891, 890 660, 202

21, 959
20, 495

7,144
6,943

299, 510|

1, 464

201

23,167, 677 7, 747, 519 78, 697, 424 32, 042, 260 9, 751, 784! 1, 453, 324 1, 035,118
- . . 122, 353, 877J7, 484,140;59, 313, 233 19, 770, 934j 5, 751, 707! 980,182 719,130

22, 787
20, 880

7,187
6,990

1, 907J

197

loau.
Issued
Redeemed.
" "
"

Outstanding . 2, 292, 462
1881.
Issued
Redeemed

Outstanding . 1, 329,112
1882.
Issued
Redeemed

Outstanding, i
1883.
Issued
Redeemed..
Outstanding.

813, 800

461, 085 20, 096, 016 12, 130, 884 3,855,825

465,684

263, 379,19, 384,19112, 271, 326 4, 000, 077; 473, 142; 315, 988

23,167, 6777, 747, 519 83, 447, 208 34, 544, 086:10, 578, 8461, 556, 009 1,114, 722 23,163 7, 277
22, 593, 909 7, 570, 903;65,142, 56722, 712, 355j 6, 424, 638 1, 090, 703; 789,125 21, 367[ 7, 092
465, 306! 325, 597

1,796

185

23,167, 677 7, 747, 51988,101,188;37,182,102 11, 442, 0911, 661, 0101,199, 750
22, 671, 936 7, 603, 285J71, 039, 357)26, 050,107J 7, 481, 762 1, 216, 573; 874, 543

23, 736
21, 981

7, 369
7,156

1,755

213

23,167, 677J7, 747, 51993, 208, 400 39, 804, 001 12, 318,173 1, 758, 533 1, 287, 686 23, 924
22, 731 963;7, 628, 877;76, 817, 066|29, 382, 872 8, 563, 79< 1, 345, 762 971, 922 22, 727

7,369
7,238

573, 7U8;

176, 616;18, 304, 641 11, 831, 731 4,154, 208

1884.
Issued
Redeemed
Outstanding .

495, 741

144, 234117, 061, 831! 11,131, 995 3, 960, 329

444, 437,

325, 207

1885.
Issued
Redeemed
Outstanding.

435, 714




118, 64216, 391, 334110, 421,129 3, 754, 376

412, 771

315, 764

1,197

131

110

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table showing the losses that would have been incurred by the holders of notes of insolvent
of the respective banks, giving results if the issue of such unsecured notes had
Percentage of circulation and
amount of losa.

III

Name and location of bank.

First National Bank of Attica, IN\ T
Yenan go National Bank of Franklin, Pa..
Merchants' National Bank of Washington, D. C .'
First National Bank of Medina, N. T
Tennessee National Bank of Memphis,
Tenn
First National Bank of Selma, Ala
First National Bank of New Orleans, La..
National Unadilla Bank, TJnadilla, N. Y..
Farmers and Citizens' National Bank of
Brooklyn, N. T
,
Croton National Bank of New York,N.T..
First National Bank of Bethel, Conn
First National Bank of Keokuk. Iowa...
National Bank of Vioksburg, Miss
First National Bank of Rock ford, 111....
First National Bank of Nevada, Austin,
Nev
Ocean National Bank of New York, N. Y.
Union Square National Bank of New
York.N.Y
Eighth National Bank of N"ew York, N. Y.
Fourth National Bank of Philadelphia,Pa.
Waverly National Bank of Waverly.N.Y.
First National Bank of Fort Smith, Ark
Scandinavian National Bank of Chicago,
111
Wallkill National Bank of Middletown,
N. Y
Crescent City National Bank of New
Orleans, La
Atlantic National Bank of New York,N.Y
First National Bank of Washington, D.C.
National Bank of the Commonwealth,
New York, N. Y
Merchants'National Bank of Petersburg,
Ya
First National Bank of Petersburg, Ya..
First National Bank of Mansfield, Ohio..
New Orleans National Banking Association, New Orleans, La
First National Bank of Carlisle, Pa
First National Bank of Anderson, Ind ..
First National Bank of Topeka, Kans...
First National Bank of Norfolk, Ya
Gibson County National Bank of Princeton, Ind
First National Bank of Utah, Salt Lake
City,Utah
Cook County National Bank of Chicago,
First National Bank of Tiffin, Ohio
Charlottesville National Bank of Charlottesville, Ya
Miners' National Bank of Georgetown,
Colo
Fourth National Bank of Chicago, 111....
First National Bank of Bedford, Iowa...
First National Bank of Osceola, Iowa .. First National Bank of Duluth, Minn ...
First National Bank of La Crosse, Wis..
City National Bank of Chicago, [11
Watkina National Bank of Watkins,
N.Y
First National Bank of Wichita, Kans ..
First National Bank of Greenfield, Ohio.
National Bank of Fishkill, Fishkill, N.Y.
First National Bank of Franklin, Ind ...
Northumberland County National Bank
of Shamokin, Pa



III

I
3

3"c

3-«

$70,811
101, 386
165,769
32, 305

$50, 000
300, 000

$45, 000
270, 000 $168, 614

$40,000
240,000

200, 000
50,000

180,000
45, 000

14, 231
12, 295

160, 000
40, 000

65, 335
132,539
884, 663
58, 661
1,138, 871
143, 307
86, 738
134, 929
16, 654
29, 278

100, 000
100, 000
500, 000
120, 000

90, 000
90, 000
450, 000
108, 000

24, 665

80,
80,
400,
96,

300, 000
200, 000
60, 000
100, 000
50, 000
50, 000

270, 000
180, 000
54, 000
90, 000
45, 000
45, 000

163, 982
250, 000
1, 332, 473 1, 000, 000

49, 339

000
000
000
000

28, 346
15, 772

240, 000
160, 000
48, 000
80, 000
40, 000
40, 000

225, 000
900, 000

61, 018

200, 000
800, 000

4,080

' 36," 693

175, 920
263, 059
342, 946
111,068
21,642

200, 000
250, .000
200, 000
106,100
50, 000

180, 000
225, 000
180, 000
95, 400
45,000

23, 358

160, 000
200, 000
160, 000
84, 800
40, 000

124, 587

250, 000

225, 000

100, 413

200, 000

175, 429

175,000

157, 500

140, 000

552, 308
665.180
1, 372, 406

500, 000
300, 000
500, 000

450, 000
270, 000
450, 000

400,000
240, 000
400, 000

1, 024, 597

750, 000

675, 000

261,128
125, 668
102, 775

400, 000
200, 000
100, 000

360, 000
180, 000
90, 000

862.181
46, 634
57, 005
31, 286
101, 546

600, 000
50, 000
50, 000
100, 000

540, 000
45, 000
45, 000
90, 000
90, 000

62, 647
19, 003

100, 000
50, 000

600, 000
98, 872
54, 332

58, 714

320, 000
160, 000
80, 000
480, 000
40,000
40, 000
80, 000
80, 000
40, 000

45, 000
135, 000

115, 997

120, 000

181, 301

400, 000
80, 000

268, 699
108, 318

150, 000
500, 000
100,000

450, 000
90, 000

224, 338

200, 000

180, 000

160, 000

135, 797
17, 900
12, 625
34, 536
92, 882
65, 846
516, 294

150, 000
200, 000
30,000
50, 000
100,000
50, 000
250, 000

135, 000
180, 000
27, 000
45, 000
90, 000
45, 000
225, 000

120, 000
160, 000
24, 000
40, 000
80, 000
40, 000
200, 000

67, 082
59, 609
9, 456
388, 856
182, 251

75, 000
60, 000
50, 000
200, 000
132,000

67, 500
54, 000
45, 000
180, 000
118, 800

136, 475

67, 000

60, 300

162,100
14, 375
10, 464

418
"35*544

60, 000
48, 000
40, 000
160, 000
105, 600
53, 600

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Ill

national hanks if such notes had been unsecured, except oy a first lien on the general assets
teen permitted to the extent of 90, 80, 70, 50, and 2ft per cent, of the capital.
Percentage of circulation and amount of loss.

If.
. 3 i«w
S
ft 7n "—!

la$138,614
7,965
14, 665
37, 339
16, 693
23, 346
10, 772
36, 018

$108,164
140, 000
35, 000
70, 000
70, 000
350, 000
84, 000
210, 000
140, 000
42, 000
70, 000
35, 000
35, 000
175, 000
700, 000

2,695
4,665

18, 346
5,722

150, 000
100,000
30, 000
50, 000
25, 000
25, 000

18, 358

35, 000
175, 000

48, 714

420, 000
35, 000
35, 000
70, 000
70, 000

8,346

$20,000 I
120,000 $18,614

40,
40,
200,
48,

120, 000
80, 000
24,000
40, 000
20, 000
20, 000

13, 358

3,358

50,413

125, 000

413

$122, 089
434, 531
669, 513
82, 338

25,
25,
125,
30,

000
000
000
400
000

000
000
000
000

376,932
289,467
1,119,313
127, 801

75, 000
50,000
15, 000
25, 000
12, 500
12, 500

1,191,500
170,752
68,986
205,256
33,562
69,874

62, 500
250, 000

3,346

100, 000
400, 000
80,
100,
80,
42,
20,

$12, 500
75, 000
50, 000
12, 500

000
000
000
000

125, 000
500, 000
000
000
000
000
000

170,012
1, 282, 254

50,
62,
50,
26,
12,

100, 000

000
500
000
500
500

249,174 '

62, 500

87, 500

70, 000

43, 750

171,468

200, 000
120, 000
200,000

125, 000
75, 000
125, 000

657, 020
574, 513
1,619,965

38, 714

35, 000

300, 000

187, 500

796,995

200, 000
100, 000
50, 000

160, 000
80, 000
40, 000

100, 000
50, 000
25, 000

992,636
28
167,285 ! 29
175,068 I 30

300,
25,
25,
50,
50,

240,
20,
20,
40,
40,

150,
12,
12,
25,
25,

000
000
000
000
000

18, 714

25, 000

000
000
000
000
000

20, 000

1,429,595
67,292
143, 765
55,372
176, 330

12, 500

8,714

000
500
500
000
000

85, 997

75, 000

131,301

350, 000
70, 000

81,301

250, 000
50,000

200, 000
40, 000

140, 000

100, 000

80, 000

50, 000

105, 000
140, 000
21, 000
35, 000
70, 000
35, 000
175, 000

75, 000
100, 000
15, 000
25, 000
50, 000
25, 000
125, 000

60, 000
80,000
12,000
20, 000
40, 000
20, 000
100, 000

37, 500
50, 000
7,500
12, 500
25, 000
12, 500
62, 500

52, 500
42, 000
35, 000
140, 000
92, 400
46, 900

122,100
8,375
464

25, 554




37, 500
30, 000
25, 000
100, 000
66, 000
33, 500

55, 997

82,100
2,375

15,554

60, 000

30,
24,
20,
80,
52,

000
000
000
000
800

26, 800

40, 997

37, 500 $18, 497
125, 000
25, 000

62,100

10, 554

27

62, 646

105, 000

30, 544

23

375, 000

18, 872
14, 332

100, 997

142,100
11, 375
5,464

5
6
7

157,120
378, 772
645, 558
79, 864
15,142

250, 000
150, 000
250, 000

525, 000
280, 000
140, 000
70, 000

1,339

100,
125,
1C0,
53,
25,

122, 500
350, 000
210, 000
350, 000

58, 872
34, 332

O 'S3 o

80, 000
20,000

100, 000
25, 000

25, 339

140, 000
175, 000
140, 000
74, 200
75, 413

$25, 000 |
•
150,000 $48,614

50, 000
50,000
250, 000
60, 000

11, 018 j

05

18,
15,
12,
50,
33,

750
000
500
000
000

16,750

| 31
i 32
I 33
I 34

93, 021
1, 795, 992
237, 824
351, 847

32,100

3, 044!

177, 512
35, 801
56, 457
34, 535
87, 786
135,952
703, 658
59,
97,
35,
352,
184,

226
464
023
062
457

175,952

53

112

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table showing the losses that would have been incurred by the holders of notes
Percentage of circulation and
amount of loss.

Hi

Name and location of bank.

11
1
a pv

Total




lit

s ©5

First National Bank of Winchester, 111.. $85,716
$50, 000
$45, 000
National Exchange Bank of Minneap
olis, Minn .
202,093
100, 000
90, 000
National Bank of the State of Missouri,
2,165, 388 2, 500, 000 2, 250, 000
Saint Louis, Mo .
First National Bank of Delphi, Ind
81, 941
50, 000
45, 000
First National Bank of Georgetown,
Colo
53,145
75,000
67, 500
Lock Haven National Bank, Lock Haven,
254, 647
Pa
120, 000
108, 000
Third National Bank of Chicago, 111 .... 1, 071, 774 750, 000 675, 000
200, 000
Central National Bank of Chicago, 111 ... 177,254
180, 000
First National Bank of Kansas City, Mo. 267, 218 500, 000 450, 000
Commercial National Bank of Kansas
89, 385
City, Mo
100, 000
90, 000
33,105
First*National Bank of Ashland, Pa
112, 500
101, 250
107, 575
100, 000
First National Bank of Tarry town, N. Y
90, 000
79, 725
250, 000
First National Bank of Allentown, Pa...
225, 000
20, 062
100, 000
First National Bauk oi Waynesburg, Pa.
90,000
Washington County National Bank of
262, 887
200, 000
Greenwich, N. Y
180, 000
29.177
50, 0U0
First National Bank of Dallas, Tex
45, 000
75, 000
People's National Bank of Helena, Mont.
100, 000
90, 000
65, 000
First National Bank of Bozeman, Mont.
50, 000
45, 000
Merchant's National Bank of Fort Scott,
Kans
16, 671
50, 000
45, 000
Farmers' National Bank of Platte City,
15, 223
50, 000
Mo
45, 000
First National Bank of Warren sburg, Mo 100,870
100, 000
90, 000
German-American National Bank of
86,142
130, 000
117, 000
Washington, D. C
German National Bank of Chicago, 111... 182, 570 500, 000 450, 000
Commercial National Bank of Saratoga,
137, 428
100, 000
90, 000
Springs, N. Y
180, 000
Second National Bank of Scranton, Pa... 151, 786 200, 000
100, 000
90, 000
88,176
National Bank of Poultney,Poultney, Vt.
50, 000
45, 000
20, 758
First National Bank of Monticello, Ind..
50, 000
45, 000
69, 273
First National Bank of Butler, Pa
90, 000
100, 000
96,176
First National Bank of Meadville, Pa...
270, 000
First National Bank of Newark, N. J... 553, 409 300, 000
First National Bank of Brattleboro, Vt.. 1
Mechanics' National Bank of Newark,
N.J
First National Bank of Buffalo, N. Y
Pacific National Bank of Boston, Mass.
First National Bank of Union Mills,
Union City, Pa
Vermont National Bank of Saint Albans,
Vt
First National Bank of Leadville, Colo..
City National Bank of Lawrenceburg, Ind
First National Bank of Saint Albans. Vt.
First National Bank of Monmouth, 111 ..
Marine National Bank of New York, N. Y "8,361,876 3, 996, 300 3, 596, 670
Hot Springs National Bank of Hot
Springs, Ark
Richmond National Bank of Richmond,
Ind
First National Bank of Livingston, Mont
First National Bank of Albion, N. Y
First National Bank of Jamestown, Dak
Logan National Bank of West Liberty,
Ohio
Middletown National Bank of Middletown, N.Y
Farmers' National Bank of Bushnell, 111.
Schoharie County National Bank of Schoharie.N.Y
Exchange National Bank of Norfolk, Va

$40,000
80,000
$84,612 2,000,000
40, 000
14, 355

60,000

2,746
182, 278

96, 000
600, 000
160, 000
400, 000

615
68,145
145, 275

80, 000
90,000
80, 000
200, 000
80, 000

15, 823
15,000

160, 000
40, 000
80, 000
40, 000

28, 329

40,000

29, 777

40, 000
80, 000

30, 858
267, 430

104,000
400, 000

28, 214
1,824
24, 242

80,000
160, 000
80, 000
40, 000
40, 000
80, 000
240, 000

347, 594 3,197, 040

28,379,080 ,21,858,900 19, 673, 010 2,627,996
* Estimated.

§2

111

17,487, 040

REPORT OF THE COMPTROLLER OF THE CURRENCY.
of insolvent national banks if such notes had been unsecured,

113

$c.—Continued.

Percentage of circulation and amount of loss.
" "l "

iU
III •I

•I 25

ll!
•Sgo

ilt

00

?1 Hi

.J5 02 ©

O

$35,000 i

$20,000

70,000

50,000 !
1,250,000 !.
25,000 I.

52, 500

37,500 I

84,
525,
140,
350,

000
000
000
000

70,
78,
70,
175,
70,

000
750
000
000
000

140,
35,
70,
35,

000
000
000
000

23,329
24, 777
17, 858
217, 430

132, 278
56,895 j
120, 275
59, 938
10, 823
5,000

8,214
19, 242

I

$12, 500

40, 000

1,750,000
35, 000
$6, 855

$25,000 j

$82, 278

60,000
375, 000
LOO, 000
250,000

$143,300 54

25,000

227,355 55

625, 000
12,500

1, 935, 721
133,112

30,000

18, 750

196, 365

48, 000
300, 000
80, 000
200, 000

30, 000
187, 500
50, 000
125, 000

254, 647
1, 061, 598
298, 324
392, 394

1, 000, 000
20, 000

!
I
i
I

40, 000
45, 000 $11, 895
40, 000
50,000 i
125,000 ! 45,275 100, 000 20, 275
50,000 I 29,938
40, 000 19, 938

25, 000
28,125
25, 000
62, 500
25, 000 $4, 938

75,175
33,105
118, 371
90, 424
33,362

5, 8 2 3 •

100, 000
25, 000
50, 000
25, 000

80, 000
20, 000
40, 000
20, 000

50,000
12,500 |
25,000 j
12, 500 j

262, 887
77,104
168, 048
69, 631

35, 000

18,329 |

25, 000

8,329 I 20, 000

3,329

12, 500

35, 000
70, 000

19,777 !

25, 000
50, 000

9,777 | 20,000
40, 000

4,777

12, 500
25, 000

91,000
350, 000

4, 858 ;
167,430 j

65, 000
250, 000 67, 430

52, 000
200, 000 i7,*430

32, 500
125, 000

50, 000
100, 000
50, 000
25, 000
25, 000
50, 000
150, 000

40, 000
80, 000
40, 000
20, 000
20, 000
40, 000
120,000

70,
140,
70,
35,
35,
70,
210,

000
000
000
000
000
000
000

45, 645
95, 275 ;
49, 938 !

14,242 |

50,000 |
56,250 $23,145

4,242

25,000
50,000 !
25, 000
12,500 !
12,500 j
25,000 j
75,000 !

27, 801
32, 449 73
156, 260
282, 370
197, 353
128, 832
132, 461
81, 801
21,182
108, 385
93, 625
580, 592

75
76
77
78
79
80
81
82
83
84
85
| 86
I 87
! 88

90
91
92
217,424

2, 797, 410

153, 920

1, 998,150 49,420 1,598,520 \ 12,392 999, 075

3, 824 16,104,195

94
95
96
97
98
99
100

[101
1102
1103
104
1,862,950 15,301,160 1,302,944 110,929,400 474,366 8,743, 520 234, 361 5,464, 700 62,421 43,162, 549


5745 CUR


8

114

REPORT OF THE COMPTROLLER OF THE CURRENCY.

National banks that went into voluntary liquidation from January 1, 1879, to January 1,
1881, ivith the amount of capital, circulation issued, the amount outstanding November 1,
188*2, and the percentage unredeemed.
Circulation.

Date of
liquidation.

Name and location of bank.

Capital.
Issued.

1879.
Corn Exchange National Bank of Chicago, III. Jan. 4
Franklin National Bank of Columbus, Ohio.. - Jan. 4
Traders' National Bank of Bangor, Me. ------ Jan. 14
First National Bank of Gonjc, N. H
| Jan. 14
Jan. 14
First National Bank of Salem, N. C
Jan. 14
First National Bank of Granville, Ohio
Commercial National Bank of Petersburg, Va. Jan. 14
First National Gold Bank of Stockton, Cal .. Jan. 14
First National Bank of Sheboygan, Wis
! Jan. 14
First National Bank of Boscobel, Wis
I Jan. 21
National Marine Bank of Oswego, N. T . . .
| Jan. 25
Central National Bank of Hightstown, N. J . ! Feb. 15
Brpok ville National Bank, of Brookville, Ind | Feb. 18
Farmers' National Bank of Centreville, Iowa. Feb. 27
First National Bank of Clarinda, Iowa
Mar. 1
Waterville National Bank of Waterville, Me Mar. 3
First National Bank of Tremont, Pa
Mar. 4
First National Bank of Atlanta, 111
Apr. 15 |
Union National Bank of Aurora, 111
Apr. 22 !
National Bank of Menasha, Wis
Apr. 26 !
National Exchange Bank of Jefferson City,Mo, May 8 !
First National Bank of Hannibal, Mo
May 15 j
Merchants' National Bank of Winona, Minn.. June 16 i
Farmers' National Bank of Keithsburg, 111.. - July 3
First National Bank of Franklin, Ky.
I July 5 ;
National Bank of Salem, Salem, Ind
July 8
Fourth National Bank of Memphis, Term
I July 19 :
Bedford National Bank of Bedford, Ind
I July 21 |
First National Bank of Afton, Iowa
Aug. 15 j
First National Bank of Deer Lodge, Mont . -. Aug. 16 |
First National Bank of Batavia, 111
Aug. 30 i
National Gold Bank and Trust Company, San
Francisco, Cal —
'
- Sept. 1 I I
Gainesville National Bank of Gainesville, Ala I Nov. 25 !
First National Bank of Hackensack, N. J ... ! Dec. 6 !
i 1880. !
National Bank of Delavan, Wis
Jan. 7
Mechanics' National Bank of Nashville, Tenn. ;! Jan. 13
Manchester National Bank of Manchester,
Ohio
,
! Jan. IB
First National Bank of Meyersdale, Pa
i Mar. 5
1
First National Bank of Miminburg, Pa
Mar. 8
National Bank of Michigan, Marshall, Mich.. May 14
National Exchange Bank of Houston, Tex
! Sept. 10
Ascutney National Bank of Windsor, Vt
! Oct. 19 !
First National Bank of Seneca Falls, N. Y
I Nov. 23 ;
First National Bank of Baraboo, Wis
I Nov. 27
Bundy National Bank of New Castle, Ind
Dec. 6 |
Totals and average percentage




,

Outstand- Percenting Novem- age unreber 1,1882. deemed.

$500, 000
100, 000
100, 000
60, 000
150, 000
50, 000
120, 000
300, 000
50, 000
50, 000
120, 000
100, 000
100, 000
50, 000
50,000
125, 000
75, 000
50, 000
125, 000
50,000
50, 000
100, 000
100, 000
50, 000
100, 000
50, 000
125, 000
100, 000
50, 000
50, 000
50, 000

$59,160
93, 070
76, 400
45, 597
128, 200
34, 365
99, 800
238, 600
45, 000
43, 900
44, 300
32, 400
89, 000
41, 500
45, 000
110, 300
64, 600
26, 500
82, 000
44, 500
45, 000
88, 200
35, 000
27, 000
54, 000
44, 400
45, 000
87, 200
26, 500
45, 000
54, 300

$20, 206
47, 347
38, 635
19,104
64, 820
15, 656
58, 897
112, 204
17, 912
18, 832
14, 522
10, 775
50, 755
17, 908
14, 022
41, 263
35, 740
16, 820
48,176
17, 392
20, 565
50, 966
13, 984
14, 840
29, 375
14, 570
27, 225
32,193
14, 626
17, 085
20, 901

34.16
50.87
50.57
41.91
50.55
45. 56
59.02
47.03
39.80
42.90
32.78
33.25
57.03
43.15
31.16
37.41
55.32
62. 71
58.75
39.08
45. 70
57.78
39.95
54.96
54.40
32.81
60.50
36.92
55.19
37.97
48. 27

750, 000
100, 000
100, 000

40, 000
90, 000
90, 000

21, 530
60, 342
50, 495

53.82
67.05
56.10

50, 000
100, 000

27, 000
90,000 |

. 16,600
53, 750

61.48
59.72
58.00
41.67
66.39
62.15

50, 000
50, 000
100, 000
120, 000
100, 000
100, 000
60, 000
50, 000
50, 000

48, 303
30, 600
90, 000
100, 800
31, 500
90, 000
54, 000
27, 000
45, 000

28,018
12, 750
59, 755
62, 651
21, 807
60, 089
13, 760
18, 600
21, 882

66.76
25.48
68.89
48.63

j 4,930,000

2, 839, 995

1,439, 345

50.68

REPORT OF THE COMPTROLLER OF THE CURRENCY.

115

National hanks that went into voluntary liquidation from January 1, 1879, to January 1,
1881, with the amount of capital, circulation issued, the amount outstanding November 1,
1885, and the percentage unredeemed.
Circulation.
Date of
liquidation.

Name and location of bank.

Capital.
Issued.

1879.
Corn Exchange "National Bank of Chicago, 111. Jan. 4
$500, 000
Franklin National Bank of Columbus, Ohio .. Jan. 4
100, 000
Traders'' National Bank of Bangor, Me
100, 000
Jan. 14
60,000
First National Bank of Gonic, N. H
Jan. 14
150, 000
First National Bank of Salem, N. C.
Jan. 14
First National Bank of Granville, Ohio
Jan. 14
50, 000
Commercial National Bank of Petersburg, Va. i Jan. 14
120,000
First National Gold Bank of Stockton, Cal . . . Jan. 14
300, 000
First National Bank of Sheboygan, Wis
50, OOo
Jan. 14
First National Bank of Boscooel, Wis 50, 000
| Jan. 21 |
National Marine Bank of Oswego, N. Y.
120, 000
Jan. 25 |
Central National Bank of Hightstown, N. J . . Feb. 15 ! 100, 000
Brookville National Bank of Brookville. Ind.. Feb. 18 |
100, 000
Farmers' National Bank of Centreville, Iowa. Feb. 27 !
50, 000
First National Bank of Clarinda, Iowa
50, 000
Mar. 1 i
Waterville National Bank of Waterville, Me. Mar. 3 ! 125, 000
First National Bank of Tremont, Pa
75, 000
Mar. 4 I
First National Bank of Atlanta, III
50, 000
Apr. 15 i
Union National Bank of Aurora, 111
125, 000
Apr. 22
National Bank of Menasha, Wis
50, 000
Apr. 26
National Exchange Bank of Jefferson City, Mo. May 8
50, 000
First National Bank of Hannibal, Mo..'
100, 000
I May 15
Merchants' National Bank of Winona, Minn . ! June 16
100, 000
Farmers' National Bank of Keithsburg, 111... July 3
50, 000
First National Bank of Franklin, Ky
100,000
July 5
National Bank of Salem, Salem, Ind
50, 000
July 8
Fourth National Bank of Memphis, Tenn
125, 000
July 19
Bedford National Bank of Bedford, Ind
100, 000
July 21
First National Bank of Aft on, Iowa
50, 000
Aug. 15
First National Bank of Deer Lodge, Mont . . . Aug. 16
50, 000
First National Bank of Batavia, 111
Aug. 30
50, 000
i
National Gold Bank and Trust Company of
San Francisco, Cal
'.
750, 000 |
Sept. 1
Gainesville National Bank of Gainesville, Ala. Nov. 25 !
100,000 |
First National Bank of Hackensack, N. J .... Dec. 6 i 100,000 |
1880. |
Jan. 7
National Bank of Delavan, Wis
50,000 ]
Mechanics' National Bank of Nashville, Tenn Jan. 13
100,000 |
Manchester National Bank of Manchester,
Ohio
Jan. 13 j
50,000
First National Bank of Meyersdale, Pa
Mar. 5
50, 000
First National Bank of Miininburg, Pa
Mar. 8
100, 000
National Bank of Michigan, Marshall, Mich . May 14
120, 000
National Exchange Bank of Houston, Tex... Sept, 10
100, 000
Oct. 19
Ascutney National Bank of Windsor, Vt
100, 000
Nov. 23
First National Bank of Seneca Falls, N. Y
60, 000
Nov. 27
First National Bank of Baraboo, Wis
50, 000
Dec. 6
Bundy National Bank of New Castle, Ind
50, 000
Totals and average percentage




j

4, 930, 000

Outstand- Percenting Novem- age unreber 1,1885. deemed.

$59,160
93. 070
76, 400
45, 597
128, 200
34, 365
99, 800
238, 600
45, 000
43, 900
44, 300
32, 400
89, 000
41, 500
45, 000
110, 300
6i, 600
26, 500
82, 000
44,500
45, 000
88, 200
35, 000
27, 000
54, 000
44, 400
45, 000
87, 200
26, 500
45, 000
44,300 j

$9, 233
10, 787
12,415
5,319
19, 640
4,471
17, 787
38, 549
3,332
3,384
4,128
2,085
14, 800
2,498
2,018
12, 734
12, 302
4,600 I
14,607 |
3,013 |
5,266 I
14.303 I
2,673 !
4,260 I
7,690 I
2,054 |
8,415 j
5,365
2,671
2,475 I
4 738 |

15.61
11.59
16.25
11.66
15.32
13.01
17.82
16.15
7.40
7.71
9.32
6.44
16.63
6.02
4.48
11.54
19.11
17.36
17. 81
6.77
11.70
16.22
7.64
15. 80
14.24
4.63
18.70
6.15
10.08
5.50
10.69

40,000 •
90,000 I
90,000 |

34,140 I
19,305 !
13,372 |

35.35
21.45
14.86

27, 000
90, 000
48, 303 I
30,600 I
90,000
100, 800
31, 500
90, 000
54,000
27, 000
45, 000

4,540 I
20,650 ;

16.81
22.94

7,846 !
2,165 ;
19,060
16, 103 I
6,436 !
16, 663
3,837
4,119
2,274

16.24
7.08
21.18
15.97
20.43
18.63
7.18
15.25
5.05

2, 839, 995 I

I

408,122

14.37

116

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Principal liabilities and resources on October 1, 1885, of- the national

No. of
banks.

States and Territories.

Maine
New Hampshire
Vermont
Boston
Massachusetts, other
Khode Island
Connecticut.

Capital.

Surplus.

$10, 360, 000
6,105, 000
7, 541, 000
50, 950, 000
45, 095, 650
20, 340, 050
24, 921, 820

$2, 486, 218
1, 220, 426
1,473, 839
11, 416, 551
13, 515, 392
3, 954, 824
6, 717, 781

165, 313, 520

40, 785, 031

190,296,345

45, 350, 000
1, 750, 000
34, 819, 7(50
12, 208, 200
18, 275, 250
10,150, 000
32, 665, 340

22,176, 008
1,175, 000
8, 926, 656
3, 799, 945
9, 401, 803
3, 538,107
10, 067, 362

250, 494, 555
7, 097, 824
77, 834, 371
32, 501, 422
74, 830, 558
19,981,344
61, 821, 735

155, 218, 550

59, 084, 881

524,561,809 I

17^985"
11,713,260
2, 716, 700
1,125, 000
252, 000
3, 576, 300
2, 011, 000

683, 905
3,136, 500
841, 766
307, 000
60, 000
1,143, 098
512, 056

3, 986, 803
20, 885, 523
5, 744,199
3, 435,468
776, 518
8, 376, 663
2, 529, 279

Total Division No. 3

23,218,,245 |

6, 684, 325 i

45, 734, 453

516, 931

North Carolina
South Carolina
Georgia
Florida ..
Alabama
Mississippi
New Orleans
Louisiana
Texas
Arkansas
Louisville
Kentucky
Tennessee
Total Division No. 4

2, 063, 500
1, 935, 000
2,472,345
300, 000
1, 835, 000
475, 000
3, 525, 000
100, 000
6, 880, 000
705, 000
3, 551, 500
9, 648, 900
5, 007, 500

472, 379
802, 000
813,351
19, 923
290, 650
39,100
1, 296, 716
9,000
2, 002, 203
166,170
809, 441
1, 922, 323
998, 500

3, 237, 572
2, 723, 043
3, 335, 352
782, 281
2,143, 311
597, 416
8, 923, 527
70, 220
9,183, 872
1, 513, 893
3, 401, 878
8, 233, 931
7, 783, 995

228,128
221, 282
71, 375
37, 753
88, 011

Total Division No. 1
New York City
Albany
New York, other
New Jersey
Philadelphia
Pittsburgh
Pennsylvania, other

560

-.

Total Division No. 2
Delaware
Baltimore
Maryland, other
Washington
District of Columbia, other
Virginia
West Virginia

249 |

610

Iowa
Minnesota
St. Louis
Missouri, other .
Kansas
Nebraska
Total Division No. 6
Colorado
Nevada
San Francisco
California, other
Oregon
Total Division No. 7




$142,
341,
49,
128,
269,
128,
309,

510
317
665
398
727
681
475

1, 369, 773
467, 344
84,114
718, 953
195, 322
239, 953
268, 482
415, 651
2,389,819
63, 879
104, 572
47, 961

"366,519

92,
44,
782,
343,
265,

044
301
602
088
803

38,498,745 i

9,641,756 |

51,930,291

2,174, 387

8, 600, 000
6, 200, 000
21, 909, 580
12,189, 500
11,750,000
13, 673, 600
2, 900, 000
10,194, 600
650, 000
3, 785, 000

Cincinnati
Cleveland
Ohio, other
Indiana
Chicago
Illinois, other
Detroit
Michigan, other
Milwaukee
Wisconsin, other
Total Division No. 5

$10, 095, 495
5, 425,196
5,154, 308
80, 326, 965
51, 715, 367
13, 096, 233
24, 482, 781

1, 208, 000
629, 000
4, 562, 511
3, 031, 908
2, 691, 600
4,195,183
330, 000
1, 864,193
340, 000
921, 608

14, 060, 804
8, 998, 620
31, 594, 784
19, 845, 317
4C, 970, 739
27, 693, 720
7, 313, 737
18, 575, 061
5,140, 355
10,132, 396

1, 035, 000
484, 882
484, 580
783, 534
145, 079
773,176
389, 903
34, 827
486, 460
86,109

91, 852, 280

19, 774, 003

184, 325, 533

4, 703, 550

2, 290, 504
1, 851, 834
856,128
623, 425
668, 972
944, 774

17, 053, 776
19, 651, 296
5, 634, 623
5, 972, 242
10, 089, 967
11, 316, 707

334, 524
380,199
401,163

77
365

11, 390, 000
3, 250, 000
3, 311, 000
4, 995, 720
5, 949, 250
39, 050, 970

262,384
352, 869

7, 235, 637

69, 718, 611

1, 817, 478

2, 025, 000
75, 000
1, 500, 000
2, 345, 000
710, 000

1, 003,100
25, 000
234, 520
548, 415
81, 600

10, 281, 553
214,701
1, 090, 089
5, 620, 030
2, 555, 552

326, 029

414, 578

6, 655, 000

1, 892, 635

19, 761, 925

740, 607

REPORT OF THE COMPTROLLER OF THE CURRENCY.

117

tanks, by States and reserve cities, arranged in eight principal divisions.

Loans and dis- I Gold and gold
counts, including! clearing-house Gold Treasury I|
certificates.'
overdrafts.
, certificates.

$16, 604, 265
8,371,374
10, 589,151
125,331,305
86, 172, 244
31,002,631
40,601,465

'
j
!
|
j
j

$589,426 ]
217,329 !
238,169

4,538,331 !
1,826,290
389, 363
1,183, 543

$7,690 |
1,540
16,290 !
4, 21b, 850 I
175,200
44, 220
156, 920

Legal tenders
and United
States certificates of deposit.

Silver
Treasury
certificates.

Silver.

$72,152
63,788 I
51,028 !
188,084 !
414,280 !
125,035
218,713

$1,080 I
340 j

2,820
15,300
22,540
6,840
2,980

!
!
j
I
i

$182,196
139. 469
156, 953
4, 727, 498
1, 847, 817
493, 667
901, 669

318, 672, 435

8, 982, 451

4, 620, 710

1,133,080

51,900

8, 449, 269

236, 889, 912
7,130, 412
83, 979, 729
29, 365, 002
67, 351, 230
24, 871, 132
65, 500, 467

26, 463, 871
571, 094
3, 263, 280
1, 276, 343
10, 587, 757
1, 807, 834
3, 574, 834

62, 249, 740
319, 640
1, 221, 030
327, 870
122, 480
299, 560
180, 530

2,157, 046
30,885
540,283
353, 279
483,515
123,577
692,611

i
|
!
|
I
j
|

583, 510
1,250
29,700
22, 210
167,340
64,620
88,000

23, 705, 620
499, 460
3, 456, 699
1, 912,131
9, 569, 351
2,167, 824
3,116, 647

515, 087, 884

956, 630

44, 427, 732

47, 545, 013

64, 720, 850

4, 381,196 1

3, 906, 837
25, 803, 638
5, 738, 577
2,196,158
322, 988
9, 459, 575
3, 602, 284

136,721
788, 019
231,287
150, 696
63, 383
439, 427
189, 883

13,100
1,120, 770
20, 340
264, 350
40, 000
15, 670
4,100

44, 550
127,785
83, 284
24,531
6,535
89,547
21,097

51, 030, 057

1, 999, 416

1, 478, 330

397,329 |

4 671 983
4, 589, 643
5, 383, 089
644 531
3, 265, 790
1, 074, 609
9, 729, 590
130 943
13,777,216
1, 801, 245
7, 788,154
14, 942, 400
11, 554, 177

160 900
145, 842
207,125
6 801
150, 926
22,119
359,015
1 67*>
462,311
51, 165
334, 489
484, 459
473, 488

79, 353, 370
18, 666, 707
11 538 041
40, 932, 229
23, 357, 585
46, 018, 906
30, 947, 482
8 513 282
21, 465, 803
3, 956, 083
9, 603, 256

8
9
10
1
1
12
13
14

1
!
|
!
!
!
!
1

263 186
312^ 239
321,017
102 581
167, 764

15
16
17
18
19
20
21

5, 867, 843

80
1,910
21,100

121,700
10, 770
25, 000
20, 680
53, 540

26,520
39,850
273,940
2 910
118,660
31, 440
6,000
42,280
34,570

41,682
1, 087, 830
2 867
1, 002', 463
84, 711
511, 420
402, 633
517, 389

2, 860, 312

407, 990

944, 604 !

599, 260

318, 860
115 000
71, 370
63, 980
648, 000
90,180

222,000

41,240
95, 000
4, 400

61,958
46 325
274,458
215, 033
196,748
255,537
40 217
172,291
16,005
99,506

34,980
49, 520
63,030
22,280
2 750
13,110
2,180
3,910

3, 386, 285
1 000 000
2, 850| 541
1, 608, 277
5,911,100
1, 647, 231
662 266
795', 222
472, 621
384, 582

413,760

oo

4, 817, 782

445, 269
749 900
2, 290,195
1, 768, 739
8, 765, 476
2, 072, 267
944 520
1, 389, 586
533, 265
801, 029

18, 718, 125

910
97,160
8,170

20
70, 040

1, 448, 030
55, 460
4,610
81, 740
44, 320
27, 420
7,330

182,003
112,855
17,517
49,938
89, 749
116,738

92, 131, 896

5, 235, 451
883,530
40 027
442 195
825, 040
470,692

i
!
!
I
!
i
1
;
!
|

1,378,078

948, 588
1, 430, 710
853, 215
373, 371
720, 436
909,131

18,257,669 j

107,880

!
i
|
i
j
!
!
\
i
1
!
!
!

19, 760, 246

7, 608, 987 !
248 248
2 146 771 !
6, 051, 437
2, 202, 226 !

193, 331
3, 727, 363
400, 625
469, 327
85, 500
786, 902
204, 795

70 760
87,230
116,192
28 801
56,272
20,363
114,956
10 071
180,773
26, 168
20,979
76,822
135,217

21, 324, 486
28,172, 123
9, 202, 786
7, 209,132
10, 730, 627
15, 432, 742

215, 059, 374

'

10,190
6,050
18, 810
37,220
4,500
16,920
14,190

2, 361, 484 |




23
24
°5
26
27
28
°9
30
31
32
33
34

35
37
38
39

40
11
42
43
44

:
|

32,800
3,000
9,700
16,540
32, 150
5,200

1,166, 647 45
902, 453 46
761,629 47
377, 050 48
743, 148 49
545, 099 50

220, 880

568,800 j

99,450

4, 496, 026

3,990

78, 947 |
5 363 1

11, 180
840
15, 840
110

738, 561
2 476
2 589
48' 004
28, 761

27. 970

820, 391

!
!
;

500

15 740 {

19, 720
2,670

49, 484 j
35,319 j

26,880

184, 853

5
i5<>1
5^

54
55

118

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Principal liabilities and resources on October 1, 1885, of the national
Deposits.
No. of
banks.

States and Territories.

Capital.

I Surplus.
Individual.

56
57
58
60
61
62

Dakota
Idaho

^Montana
New ^Mexico
Utah
Washington
Wyoming

. . .

Total Division No. 8
Total for United States




. .

41
4
15
8
6
15
5

$2, 402,100
250, 000
1,810,000
650,000
800, 000
1, 005, 000
800, 000

94

7, 717,100

2,714

527, 524, 410

Other.

$500, 573
20, 000
298, 000
153,210
274, 500
140, 091
140, 000

$3, 725, 522
416, 655
5, 329, 503
1, 750, 475
1, 626, 641
1, 450, 206
1,744,353

$151,117

1, 526, 374

16, 043, 355

554, 604

146, 624, 642 1,102, 372, 322

14, 267,149

162, 622
177, 278
63,587

REPORT OF THE COMPTROLLER OF THE CURRENCY.
hanks, ~by States and reserve cities, arranged in eight principal

$33, 268
3,182
33, 309
17,127
16, 237
22, 621
7,117

16,551,305 !
1, 306,143, 990

divisions—Continued.
Legal tenders j
and United I
States certifi- |
cates of deposit, i

Loans and dis- Gold and gold
counts, including clearing-house
overdrafts.
] certify" 4 ""
$4, 000, 272
350,796
5, 515,195
1, 423, 513
1,365,239
2,035,384
1,860,906

119

$373, 821
54, 291
327, 458
70, 816
35, 040
15,109
64, 416
940, 951

90, 490, 780




!, 538,119

120

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table, by States, Territories, and reserve cities, exhibiting the number of banks in each with
capital of $150,000 and under, and those with capital exceeding $150,000, and showing
the amount of bonds deposited to secure circulation on October 1, 1885.
Banks with capital of
$150,000 and under.

Banks with capital over
$150,000.

States and Territories.

Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut

$5,
4,
3,
9,

060,
505,
691,
657,

000 $4, 645, 300
000 4, 350, 000
000 2, 972, 000
650 7,

$5, 300, 000
1, 600, 000
3, 850, 000
35, 438, 000
50, 950, 000
17, 527, 050
21,721,070

$4, 064, 000
1, 450, 000
3, 045, 500
30, 644, 000
24, 614, 650
11, 004, 200
15, 260,100

New England
States

$8,
5,
6,
38,
24,
13,
18,

709, 300
800, 000
017, 5C0
606, 850
614, 650
595, 400
010,100

560 165, 313, 520 115, 353, 800

New York
New York C i t y . . .
Albany
New Jersey
Pennsylvania
Philadelphia
Pittsburgh
Delaware . . .
Maryland
Baltimore
District of Columbia
Washington

150, 000
100, 000
920, 80(
1, 865, 000

27, 267,150
12, 566, 500
1, 750, 000 1, 418, 000
12, 208, 200 9, 326, 850
26, 629, 200
9, 327, 800
10, 150, 000 7, 080, 500
1, 823, 985 1, 768, 200
2,716,700 2, 479, 000
6, 067, 500
250, 000
730, 000

1, 679, 000

462 42, 241, 050! 34, 323, 800277 130, 608, 445
Virginia.
W e s t Virginia
North Carolina : . . .
South Carolina
Georgia
Florida..
Alabama
Mississippi
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee

1, 341, 000
980,
1, 655, 0001 1, 267,
938, 500
737,
985, 000
811,
972, 345!
731,
300, 000
147,
410, 000
217,
475, 000
175,
100, 000
100,

3, 525, 000
2, 060, 000
450, 000
5, 785, 000
3, 551, 500
3,100, 000

4, 820, 000
255, 000
3, 863, 900

739 172, 849, 495 104, 910, 700

2, 235, 300 1, 313, 350
202, 350
356, 000
1, 125, 000
425, 000
950, 0001
350, 000
1, 500, 000 1, 060, 500

2,125, 000
365, 000
250, 000
4, 330, 000
2, 833, 700
1, 335, 000

18, 023, 245 10, 009,150 82 26,062,800 15,489,900
Ohio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit.
Wisconsin
Milwaukee
Iowa .
Minnesota
Missouri
St. Louis
Kansas
Nebraska

$10, 360, 000
6,105, 000
7, 541, 000
45, 095, 650
50, 950, 000
20, 340, 050
24, 921, 820

12, 895, 580] 9, 208, 700
4,111,800
5, 772, 750
3,128, 000
1," 553, 250
1191 8, 455, 000 3, 904, 500
35; 2, 390, 000 1, 078, 000
32! 2, 211, 000 1, 096, 250
1, 652, 300
1, 389, 000

, 014,
8, 600,
6, 200,
6, 130,
2, 550,

000[
000
000
000
000]

44,086,045 25,499,050
909, 580 15,395,250
600,000 5, 585, 000
655, 000
200, 0001
189, 500 7, 546, 800
673, 600 6,912,750
750, 000: 1,183, 500
194, 600 3, 958, 000
500, 000
900, 000
785, 000; 1, 753, 250
500,000
650, 000!
155, 000 4, 301, 000
390, 000, 2,113, 000
311,000i 1, 428, 600
250,000!
,000
995, 720' 1, 702, 300
949, 250 2, 014, 000

3, 760, 600,
2, 900, 000 i
650, 000
650, 000
1, 700, 000
9, 000, 000
1,100, 000
, 250, 000,
200, 000]
2,150, 000

32, 894, 550160 69, 604, 600j 23,313,900
Colorado .
Nevada
California
San Francisco.
Oregon
Dakota
Idaho




460, 000
2, 402,100
250, 000

173,400;
736, 500
67, 800

1, 300, 000:
1, 500, O O
dJ
250, 000

400, 000
600, 000
250, 000

2, 025, 000J 1, 032, 500
40, 000
75, 000
960, 500
2, 345, 000
600, 000
1, 500, 000
423, 400
710, 000
736, 500
2, 402,100
67, 800
250, 000'

REPORT OF THE COMPTROLLER OF THE CURRENCY.

121

Table, by States, Territories, and reserve cities, <$~c.—Continued.
.Banks with capital of
$150,000 and under.
States and Territories.

Capital.

i Banks with capital over
I
$150,000.

U.S.
bonds.

Capital.

U.S.
bonds.

Totals.

Capital.

U.S.
bonds.

VA I

Montana
New Mexico
Utah
Washington
Wyoming
Pacific States
and T e r r i
tories

13: $1,060,000
8
650,000
4
400,000
15 1, 005, 000
3
200,000

$750,000

$150, 000

400,000!

250, 000

600, 000

ioo, ooo

131i 8,922,100; 3,585,050 15 5,450,000

2,100,000

$289, 350 2|
412, 500
187, 500 2j
380, 000
55, 000

15] $1,810,000
650, 000
800,000
15 1, 005, 000|
5
800,000

146 14,372,100

$439,350
412, 500
437, 500
380, 000
155, 000

5,685,050

United States . 1, 889 159, 412, 445 106, 083, 900|825j368, 111, 9651201, 573,150j2, 714J527, 524, 4101307, 657, 050




122

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table, by States, Territories, and reserve cities, exhibiting the number of banks in each, with
their capital, minimum amount of bonds required by law, bonds actually held and circulation outstanding thereon on October 1, 1885, and also showing the increase of circulation
which would be authorized in the event of legislation permitting banks to issue circulation
to the par value of bonds deposited.
United States bonds.

Capital.

States and Territories.

New York
New York City . .
Albany
New Jersey
Pennsylvania
Philadelphia
Pittsburgh
Delaware
Maryland
Baltimore
District of Columbia .
Washington
Middle States .
Virginia
West Virginia..
North Carolina.
South Carolina.
Georgia
Florida
Alabama
Mississippi
Louisiana
New OrJeans .
Texas
Arkansas
Kentucky
Louisville
Tennessee
Southern States.
Ohio
Cincinnati..
Cleveland ..
Indiana
Illinois
Chicago
Michigan
Detroit
"Wisconsin
Milwaukee.
Iowa
Minnesota
Missouri
St. Louis...
Kansas
Nebraska
Western States.
Colorado
Nevada
California
San Francisco.




Held
Minimum : October
1, 1885.

Increase Maximum
on bonds increase
which
might
Outstand- now deing Octo- ifposited
issue is ocourif
ber 1, 1885. authorissue is
ized to authorized
to par
par value. value.

71 $10, 360, 000 $1, 965, 000$8, 709, 300
48j 6,105,000 1,456,250 5,800,000
471 7,541,000; 1,572,750 •6,017,500
1951 45,095,650 8,064,412 38, 606, 850
54i 50,950,000 2,700,000 24,614,650
61| 20, 340, 050j 2,453,250 13,595,400
84' 24,921,820 3,437,500 18, 010,100

Maine
New Hampshire .
Vermont
Massachusetts . . .
Boston
Rhode Island
Connecticut
New England States

Circulation.

|

$7, 683, 079|$l, 026, 221;
5,149,045] 650,955
5,355,913! 661,587
34, 200, 534J 4, 406, 316
21,716,837 2,897,813
12,056,177| 1,539,223
15, 932, 600 2, 077, 500

$2, 676, 921
955,955
2,185,087
10, 895, 116
29,233,163
8,283,873
8, 989, 220

5601165, 313, 520 21, 649,162 115, 353, 800J102, 094,185 13, 259, 615 63, 219, 335
267; 34,819,760{
44: 45, 3S0, 000i
61 1, 750, 000i
72| 12,208,200
228 32,665,340
18, 275, 250
10, 150,000
1, 823, 985j
2, 716, 700
11,713,260!
252, 000
1,125, 000

7,681,665 27, 267,150 j
2, 187,500
300, 000!
2, 399, 550!
6, 857, 598
1, 687, 500
1,125, 000
380, 200
666, 250
850,0001
50, 000|
225, 000!

12,
1,
9,
26,
9,
7,
1,
2,
6,

23, 989, 591 3, 277, 559 10, 830,169

5(J6, 500! 9, 917, 442 2, 649, 058 35, 432, 558
418, 000 1, 249, 790 168, 210
500, 210
326, 850 8, 007, 406 1, 319, 444 4, 200, 794
629, 200 23,401,460 3, 227, 740 9, 263, 880
327, 800 7, 797, 648,1,530,152 10, 477, 602
080, 500 6, 289, 780 790,720 3, 860, 220
272, 956
768, 200 1,551,029,
217,171!
479, 000 2, 143,702
572, 998
335, 298
067, 500 4, 756, 490 1,311,010 6, 956, 770
250, 000
188,700
63, 300
61, 300
730, 000
625, 850
499,150
104,150

739 172, 849, 49524, 410, 263 104, 910, 700 89, 918, 888 14, 991, 812! 82, 930, 607
24
21
15|
14
16
5

32

735, 250!
3, 576, 300
513, 750|
2,011,000:
484, 625[
2, 063, 500
396, 250
1, 935, 000
2, 472, 3451 443, 086
75, 000|
300, 000J
352, 500!
1, 835, 000
118, 750
475, 000,
25, 000
100. 000
3, 525, 000; 400, 000;
6, 880, 000 1, 555, 000:
163, 750,
705, 000!
9, 648, 900 2, 065, 975!
450, 000!
3,551,500
826, 875!
5, 007, 500

2, 293, 350i
1, 469, 850i
1,162, 000
1, 161, 350
1, 792, 000
147, 500
1,117,000
175, 000
100, 000
2,125, 000
1, 950, 500
360,000
6, 440, 300
2, 833, 700
2, 371, 500

2, 007, 500
1, 291, 765
993, 415
1, 002, 445
1,570,900
120,185
990, 450
150, 990,
90, 000
1, 886, 345|
1, 739, 250,
32B, 300
5,714,770!
2, 550, 230:
2,114,010:

850; 1, 568, 800
719,235
085!
585! 1, 070, 085
932, 555
905!
901, 445
221,1001
179, 815
27, 315
844. 550
126. 550324, 010
24, 010;
10, 000
10,000!
238, 655! 1, 638, 655
211,250
5,140, 750
381, 700
36, 700;
725, 530! 3, 934,130
283, 470 ! 1, 001, 270
257, 490: 2, 893, 490
285,
178,
168,
158,

294 44,086,045 8,605,8ll! 25,499,050, 22,545,555 2,953,495! 21,540,490
183 21, 909, 580
12 8, 600, 000
8
6, 200, 000
90 12, 189, 500
673, 600
153; 13,
750, 000
12! 11,
194, 600
97: 10,
51 2, 900, 000
785, 000
47 3,
650, 000
3;
155, 000
125' 10,
49 11, 390, 000
311, 000
36,
250, 000
995, 720
74|
949, 250
75;

4, 923, 895j 15,195,250 13, 474,579,
600, 000! 5, 585, 0001 4, 947.120
655, 0001
400, 000;
589, 410
2, 614, 875: 7, 546, 800 6, 734,150
6,154, 525
3, 330, 900 6,912,750
722, 850:
600,000i 1,183, 500
2, 208, 500' 3, 958, 000 3, 479,715,
250, OOOJ
500, 000
371, 265;
933, 750 1, 753, 250 1, 517,078
150, 000
500, OOO!
448, 400
2, 413, 750 4, 301, 000 3, 813,858;
1, 297, 500; 2,113, 000 1, 884,576
752, 750' 1, 428, 600 1, 251,648
766, 400
301), 000
860, 000
1, 248, 930 1, 702, 300 1, 435,705
1, 299, 812 2, 014, 000 1, 774,330

,720,671;
637,880;
65, 590
812,650
758, 225'
460, 650
478, 285
128, 735
236,172
51, 600
487,142
228, 424
176, 952
93, 600
266, 595
239, 670

8, 435, 001
3, 652, 880
5, 610, 590
5, 455, 350
7, 519, 075
11, 027,150
6,714,885
2, 528, 735
2, 267, 922
201,600
6, 341,142
9, 505, 424
2, 059, 352
2, 483, 600
3, 560, 015
4,174, 920

49,365,6091 6,842,841 81, 537, 641
975 130, 903, 250 23, 324, 662| 56, 208, 450
25i
1
16!
li

2,025,000
75,000
2,345,000
1,500,000

493,750
1,032,500
18,750
40,000
461, 250
960, 500
50, 000!
600, 000

926,
35,
855,
539,

540
380
720
200

105,
4,
104,
60,

960
620
780
800

1, 098, 460
39, 620
1, 489, 280
960, 800

REPORT OF THE COMPTROLLER OF THE CURRENCY.

123

Table by States, Territories, and reserve cities, fc.—Continued.
United States bonds.

Circulation.
[Maximum

Capital.

States and Territories.

Pacific States and Territories
j
U n i t e d States




-ri T-,
ingOcto- now deHeld
k ftl .r6li 1IOCK posited | might
e
8h5
- if issue is ! occur if
j Minimum October 1, » >
issue is
1885.
author- jauthorized
ized to i to par
Spar value. value.

$710,000 $165, 000|
600, 5251
2,402,100
62, 500|
250, 000
1, 810, 000 365, 0001
162, 500
650, 000
200, 000
800, 000
1, 005, 000 251, 250
150, 000
800, 000

Oregon
Dakota
Idaho
Montana
New Mexico.
Utah
Washington.
Wyoming . . .

Increase
Outstand- on bonds |I increase
"which

$423, 400! $346, 740
736, 5001 646, 630
67, 800!
60,140
439, 350
378, 250
412, 500
369, 770
437, 500
324, 930
380, 000
322, 560
155, 000
139, 500

146; 14,372,100 2, 980, 525 5, 685, 050 4, 945, 360

$76, 660! $363, 260
89, 8701 1, 755, 470
7, 660;
189, 860
61,1001 1, 431, 750
42, 730|
280, 230
112, 570]
475, 070
57, 440l
682, 440
15, 500|
660, 500
739, 690

9, 426, 740

| 2, 714 527, 524, 410 80, 970, 423 307, 657, 050 268, 869, 597 387787^4531258^654, 813

124

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Statement of monthly increase and decrease of national-bank circulation from November 1,
1881, to October 31, 1885, to which is added the preceding yearly increase and decrease
since January 14, 1875.
National-bank circulation.
Increase.

Months.

Decrease.

Retired.
1881.

November
December

450
470
390
540
220
530
990
000
510
400
450
420

1,195, 849
1, 596, 388
1, 600, 289
1, 218,188
1, 841, 750
2, 237, 820
1, 661, 886
2, 015, 043
1, 535, 052
2, 061,402
1, 520, 369
1, 749, 379

206, 601

1, 371, 980
1, 272, 780
1, 290, 220
1, 075, 650
1,107, 790
1, 305, 200
1,114,110
1, 318, 770
642, 980
793, 850
445, 240
1,177, 010

1, 657, 272
2,115, 551
2, 798, 819
1, 595, 875
2, 076, 373
2, 644, 072
2,147, 800
2, 494,194
1, 883, 885
1, 991,194
1, 500, 866
1, 649, 953

285, 292
842, 771
1, 508, 599
520, 225
968, 583
1, 338, 872
1, 033, 690
1,175, 424
1, 240, 905
1,197, 344
1, 055, 626
472, 943

1,126,
509,
579,
963,
733,
1,101,
943,

1, 279, 030
943, 390
569, 750
208, 580
379, 930

2, 021, 895
3, 373, 760
2, 497, 596
2, 559, 448
2, 829, 758
2, 510, 737
2, 543, 502
2, 388, 946
1, 744, 057
2, 700, 871
2, 255,139
2, 663, 801

895, 875
2, 864, 756
1, 917, 746
1, 596, 008
2, 095, 798
1, 409, 687
1, 599, 552
1,109, 916
800, 667
2, 131,121
2, 046, 559
2, 283, 871

677,010
523, 560
548, 330
1, 053, 370
403, 790
690, 240
1, 066, 080
1,160, 710
1, 914, 710
2. 516, 340

2, 923,115
2, 775, 207
2, 990, 575
2, 369, 330
2, 442, 668
484,135
2, 804, 870
1, 505, 725
1, 473, 694
3, 778, 735

2, 246,105
2, 251, 647
2, 442, 245
1,315,960
2, 038, 878

58, 488, 794
10, 986, 675
7, 093, 680
16, 306, 030
16,291,685
22, 933, 490
•13,402,215
30, 979, 630

100, 585,137
14, 570, 305
27, 506, 981
18, 265, 331
10, 986,116
7. 040, 397
6, 193, 053
13, 705, 259

5, 305, 569
15, 893, 093
7, 209,162
17, 274, 371

176, 482,199

198, 852, 579

53, 235, 923

75, 606, 303

53, 235, 923

75, 606, 303

1, 402,
946,
1, 350,
694,
976,
1,121,
1, 956,
3, 869,
3, 895,
2, 028,
1, 341,
1, 875,

$649, 918
249,899
523, 648
865, 530
1,116, 290
295,104
1, 853, 957
2, 360, 458
33, 002
178, 919
126, 041

1883.

January
February
March
April
May
June
July
August
September
October
November
December

1884.
,

January
February
March
April
May
June
July
August
September
October
From
From
From
From
From
From
From

$1, 797, 265
267,181

1882.

January
February
March
April
May
June
July
August
September
October
November
December

January
February
March
.April
May
June
July
August
September
October
November
December

$933. 665
1, 224J 639

$2, 730, 930
1, 419, 820

Totals

1885.

:

i

January 14,1875, to October 31,1875
November 1,1875, to October 31,1876:..
November 1, 1876, to October 31,1877...
November 1,1877, to October 31,1878...
November 1,1878, to October 31,1879...
November 1,1879, to October 31,1880..,
November 1,1880, to October 31, 1881. .jl

Circulation surrendered to this office and
retired

Grand total.




020
004
850
440
960
050
950

206,105
"i, 738,790
345, 015
441, 016
1, 262, 395
7, 553, 728

49, 6.50, 071
3, 583, 630
20, 413, 301
1, 959, 301

14, 253, 939
176, 482,199

213,106, 518

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

125

The following tables have been prepared by E. B. Elliott, Esq., Government Actuary:
Average prices (flat and net) of, and rates of interest realized to investors in the U. S. four
percent, securities of 1907, and in the four-and-a-half per cent, securities o/1891, respectively,
from October I, 1884, to September 30, 1885, inclusive.
Four per cent, securities of 1907.
j Prices, includ- Prices, not in- Rates of in tercluding acest realized
j ing accrued
crued interest. I to investors.
interest.

Months.

October
November.
December.

Net.

Flat.

1884.

Per

cent.
2.805
2.737
2. 685

120. 4814
122. 0625
123. 4232

120. 3176121. 5691
122. 6032

121. 9086
122.1813
122. 3269
121. 8028
122. 0450
123.1625
122. 6462
122. 8425
123. 2331

121. 7330
121.6968
121. 5025
121. 6435
121. 5588
122. 3371
122. 4777
122. 3390
122. 4033

2.726
2.^724
2.731
2.721
2.722
2.679
2.668
2.673

122. 3430

121.8484

2.711

1885.

January
February...
March
April
May
June
July
August
September .
Average of 12 months..

Four-and-a-half per cent, securities of 1891.
Month.

October
^November
December

Prices, include I Prices, not in-Kates of interest realized
ing accrued I eluding accrued interest. to investors.
interest.

1884.

Flat.

Net.
112.1163
113. 2364
113. 4030

112. 6736
114.1684
113. 5810

Per cent.
2. 580
2. 391
2.343

1885.
January
February
March
April
May
June
July
August
September

112. 7788
112. 7690
1] 1. 9591
112.4350
112. 8800
112. 6634
112. 7525
113.0250
112. 4114

2. 505
2.645
2.527
2.488
2.472
2.340
2. 365
2.354
2.303

112. 8414

Average of 12 months . . .

112.1937
111. 8233
111.7710
111. 8787
111.9599
112. 4902
112.1955
112.0917
112. 2340
112. 2828

2. 359

The following table shows the annual profit on national-bank circulation , computed on the average net prices of the 4 per cent. United
States securities of 1907 and the 4J per cent. United States securities
of 18^1, respectively, for the year ending September 30, 1885, at rates
of interest for bank loans of 5, 6, 7, and 8 per cent., (1st) considering
the 5 per cent, redemption fund as not reducing the loanable circulation, (2nd) considering the 5 per cent, redemption fund as reducing the
loanable circulation, the tax on circulation of 1 per cent, per annum
having been taken into account in each case, as well as an assumed
annual charge of .05 of 1 per cent, on the circulation, to be paid the
Treasurer of the United States for expenses of redemption:
Profit with
loans at
5 per cent.

Fours of 1907

| ^

Four-and-a-halfs of 1891

j




d

^

Profit with
loans at
6 per cent.

Per cent.
0.757
0.572
0.540
0.340

Per cent.
0.550
0.328
0.388
0.148

Profit with
loans at
7 per cent.
Per cent.
!
0.337
0.078
0.236
loss 0.045

Profit with
loans at
8 per cent.
Per cent.
0.119
loss 0.176
0.082
loss 0.239

126

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table showing, by States, the amount of national-bank circulation issued, the amount of
lawful money deposited in the United States Treasury to retire national-bank circulation
from June 20, 1874, to November 1, 18d5, and the amount remaining on deposit at the
latter date.
Lawful money deposited to retire national-bank
circulation since June 20, 1874.
Additional
circulation
For reStates and Territories. issued since
June 20,
demption
1874.
of notes of
liquidating
banks.
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
Utah
Idaho
Montana
Wyoming
New Mexico
Dakota
Washington „
Arizona
California*
Lawful money deposited prior to June 20, |
1874, and remaining
at that date

$786, 500
$372, 750
$2, 216, 994
465, 983
1, 250, 815
402, 560
2, 774,180 1, 059, 277
1, 746, 400 4, 080, 620
29,801,120
145, 350
54, 760
4, 077, 080
795, 878
488,135
5, 789, 050
35, 903, 635 7, 919, 913 2, 890, 530
384, 060
4, 076, 885 1, 242, 258
22, 457, 950 4,108, 686 2,122,142
495,975 j
166, 600
2,496,610 i
110, 000
455, 664
457,000 !
937, 369
1,520,500 j
731, 060
351, 860
9,999 j
212, 000
1, 335, 560
201, 000
f 16, 530
10, 925 J.
132, 740
367,400 i
135, 000
195,740 |
I
666, 413
2,026,010 i
1, 950, 560 i 78,590 S
11,250
427,500 I
166,720 I
6, 677, 250 !1,025,417
1, 440, 500 I 767,841 !
38,100 i
2,726,230 ; 1, 113, 705 !
14,827,190 i 6, 607, 618 1,573,664 !
328,760 |
6, 583, 670 j4, 853, 935
376,690 !
6,145,905 ! 3, 299, 534
122,780 !
4,403,310 ! 2,585,963 j
140,280 !
2,193,680 ! 1,152,030 S
3,868,830 j 1, 560, 917 I 96,130
817, f?59
1,930,890 |
208,340 !
1, 447, 680 ! 803,701
15,750 |
56,240 !
1, 768, 580
143, 050 |
36, 000
183,010 i
1, 087, 580 ! 347, 475
476,900 |
161,191
33,990 !
601,440 ;
189, 940
95,350 !
166,500 !
915, 180
625,500
53, 090
1,905,750




$1,110, 500
221, 800
2, 614, 990
24, 609, 635
4, 785, 735
6,141,827
41, 714, 065
5, 078, 432
18, 515, 741
83, 550
3, 247, 070
530, 060
1, 791, 910
582, 885
1, 792, 885
1, 355, 005
965, 975

$2, 269, 750
687, 783
4, 076, 827
30, 436, 655
4, 985, 845
7, 425, 840
52, 524, 508
6, 704, 750
24, 746, 569
83, 550
3, 523, 670
985, 724
2, 729, 279
1, 323, 944
2, 004, 885
1, 355, 005
1, 296, 900

579, 520
38,150
2, 729, 250
839, 490
276, 750
4, 524, 733
1, 221, 459
5, 280, 860
10, 201, 701
8, 796, 495
9, 989 056
4, 474, 372
1, 931, 009
3, 601, 375
2,153, 311
604, 030
637, 030

714, 520
38,150
3, 395, 663
918, 080
288, 000
5,716,870
2, 027, 400
6, 394, 565
18, 382, 983
13, 979,190
13,665,280
7, 183,115
3,223,319
5, 258, 422
3, 179, 310
1, 423, 481
:6, 320

* Exclusive of national gold banks.

9,000
716,125
486, 241
63, 000
462,190
15, 750
64, 450
271, 350
256, 500
53, 090
499, 500

Lawful
money on
deposit
with the
United
States
Treasurer
at date.
$622, 437
136, 207
806, 345
4, 709,
975,
1, 094,
6, 864,
1, 019,
4, 235,

777
843
096
303
076
658

487,
22,
296,
114,
150,
44,
157,

839
480
533
640
880
880
484

46, 328
33,121
379, 420
221, 496
58, 276
1, 355, 748
560,124
547, 572
5, 382,136
2, 585, 867
1, 820, 914
1,482, 857
570,484
1, 000, 581
352, 032
139, 426
160, 627
1,158
""261," 523
49, 384
32, 580
78, 510
6,500
38,490
89, 788
33, 630
37,180
154, 480

REPORT OF THE COMPTROLLER OP THE CURRENCY.

127

National banks that have gone into voluntary liquidation under the provisions of sections
5220 and 5221 of the Revised Statutes of the United States, with the dates of liquidation,
the amount of their capital, circulation issued and retired, and circulation outstanding
November 1, 1885.
Circulation.
Name and location of bank.

Date of
liquidation,

Issued.

Retired.

Outstanding.

First National Bank, Penn Yan, N. Y. *. Apr. 6,1864
First National Bank, Norwich, Conn. *..! May 2,1864 \
Second National Bank, Ottumwa, lowat May 2,1864 j
Second National Bank, Canton, Ohiot .. Oct. 3,1864 j
First National Bank, Lansing, Mich. t.. j Dec. 5,1864 j
First National Bank, Columbia, Mo . .. , Sept. 19,1864 j $100,000
$90, 000
$89, 875
$125
First National Bank, Carondelet, Mo... .j Mar. 15,3865 I
25, 500
30, 000
25, 383
117
First National Bank, Utica, N". Y. *
June 9,1865
Pittston National Bank, Pittston, Pa .. ; Sept. 16,1865
200, 000
Fourth National Bank, Indianapolis, Intlj Nov. 30,1865 i
100, 000
100, 000
920
1
i
Berkshire National Bank, Adams, Mass. +! Dec. 8,1865 I 100, 000
National Union Bank, Rochester, N. Y..; Apr. 26, 1866 j 400,000
192, 500
191,058
1,442
First National Bank, Leonardsville, N. Y\ July 11,1866 |
50, 000
45, 000
44,330
670
Farmers' National Bank, Richmond, Ya j Oct. 22, 1866 { 100, 000
83,018 !
85, 000
1,982
Farmers' National Bank, Waukesna, Wis| Nov. 25, 1866 i
89,455 !
100, 000
90, 000
545
National Bank of Metropolis, Washing- \
!
|
ton, D. C
...i Nov. 28,1866 ,
200, 000
176,383 I
180, 000
3,617
First National Bank, Providence, Pa
Mar. 1,1867 i 100, 000
88,485 I
90, 000
1, 515
National State Bank, Dubuque, Iowa ... | Mar. 9,1867 \
150, 000
125,480 !
127, 000
1,520
First National Bank of Newton, Newi
tonville. Mass
' Mar. 11, 1867
130, 000
150, 000
128, 443
1,557
First National Bank, New- III in, Minn.. - Apr. 18,1867 ;
54, 000
53, 045
60, 000
955
National Bank of Crawford County,
Meadville, Pa
" .. Apr. 19, 1867
300, 000 None.
Kittanning National Bank, Kit-tanning,
•
Pa. |Apr. 29,1867 |
200, 000 None.
City National Bank, Savannah, Ga. t .. May 28, 1867 ; 100, 000 None.
Ohio National Bank, Cincinnati, Ohio . | July 3, 1867 ; 500, 000
450, 000
442, 840
7,160
200,000
First National Bank, Kingston. N. Y .. i Sept. 26,1867
180, 000
177,189
2,811
First National Bank, Bluffton, Ind
Dec. 5, 1867 ;
•
50,000 {
45, 000
44, 521
479
National Exchange Bank, Richmond. Ya' Dec. 5, 1867
200,000
180, 000
179, 850
1,150
First National Bank, Skaneateles, N. Y.. [i Dec. 21, 1867 j
150,000 I
135, 000
133, 478
1,522
First National Bank, Jackson, Miss.
Dec. 26, 1867 :
100,000 j
45, 500
45, 250
250
First National Bank, Down in <.'town, Pa ! Jan. 14, 1868 ; 100,000
90, 000
88, 776
1,224
First National Bank, Titusvilfe, Pa .
I Jan. 15, 1868 j 100, 000 I
86, 750
85, 534
1,216
Appleton National Bank, Appleton. Wis! Jan. 21, 1868
45. 000
50, 000 i
44, 330
670
45, 500
National Bank of Whitestown, N. Y
j Feb. 14, 1868 |
45,158
120,000 j
342
|
First National Bank, Now Brunswick, !
N. J
; Feb. 26, 1868
100,000 j
90, 000
88, 484
1,516
First National Bank, Cuyahoga Falls,
j
45, 000
Ohio..
"
Mar. 4,1868:
50, 000 !
44, 377
623
100, 000
First National Bank, Cedarburg, Wis...! Mar. 23,1868
90, 000
89, 312
688
Commercial National Bank, Cincinnati,
i
345, 950
Ohio
I Apr. 28, 1868 I 500, 000
342, 620
3,330
Second National Bank, Watertown, N. Y July 21,1868 |
100, 000
90, 000
88, 300
1, 700
First National Bank, South Worcester, i
j
175, 500
NY
i Aug. 4,1868 |
157, 400
155, 551
2,849
National Mechanics' and Farmers' Bank,
350,000
314, 950
Albany, N. Y
Aug. 4,1868
311, 955
2,995
42,500;
Second National Bank. DesMoines, Iowa.! Aug. 5,1868
50, 000
42, 097
403
First National Bank, Steubenville, Ohio., Aug. 8,1868
135, 000 '
150,000
132, 432
2,568
l
First National Bank, Pluraer, Pa
Aug. 25,1868
100, 000 I
87, 500
85, 797
1,703
50,000 I
45, 000
First National Bank, Danville, Ya
j Sept. 30, 1868
44, 550
450
150,000 |
132, 500
First National Bank, Dorchester, Mass.! Nov. 23, 1868
130, 084
2,4L6
First National Bank, Oskaloosa, Iowa ..[ Dec. 17, 1868
75, 000 |
67, 500
66, 902
598
Merchants' and Mechanics' National
184, 750
Bank, Troy, N. Y
...
Dec. 31,1868
300, 000 '
168, 936
15, 814
100, 000
National Savings Bank,, Wheeling, W. Ya Jan. 7,1869
90, 000
89,175
825
g
g,
109, 850
Jan. 12, 1869 ] 125, 000
108. 754
1, 096
First National Bank, Marion, Obio
200, 010
85, 000
Feb. 26,1869
84, 353
647
National Insurance Bank, Detroit, Mich
150, 000
135, 000
133, 592
1,408
National Bank of Lansingburg, N. Y . . . Mar. 6,1869
National Bank of North America, New
Apr. 15,1869
333,000
. 000, 000
,
330, 082
2,918
York, N. Y
Apr. 19,1869
60, 000
53, 350
52, 856
494
First National Bank, Hallo well, Me
Apr. 23,1869
50, 000
44,000
43,185
815
First National Bank, Clyde, N. Y
134, 990
Pacific National Bank, New York, N. Y. May 10,1869 '• 422, 700
133, 887
1,103
Grocers' National Bank, New York, N. Y. June 7,1869 i 390, 000
85, 250
84, 736
514
Savannah National Bank, Savannah, Gra. June 22,1869
100, 000
85, 000
84, 280
720
July 30,1869 ;
50, 000
First National Bank, Frostburg, Md
45, 000
44, 708
292
50, 000
45, 000
First National Bank, La Salle, 111. ...... j Aug. 30,1869
44, 440
560
National Bank of Commerce, George- '
j
100, 000
90, 000
town, D. C
Oct. 28,1869 |
88, 945
1,055
* New bank with same title.
•
t Never completed orgauiz;btion.
{ Consolidated with another bank •




128

REPORT OF THE COMPTROLLER OF THE CURRENCY.

National banks that have gone into voluntary liquidation under the provisions of sections
5220 and 5221 of the Bevised Statutes of the United States, tfc.—Continued. •
Circulation.
Name and location of bank.

Date of
liquidation.

Capital.
Issued.

Miners' National Bank, Salt Lake City,
Utah
First National Bank, Yin ton, Iowa
National Exchange Bank, Philadelphia,
Pa
First National Bank, Decatur, 111
National TJnion Bank, Owego, N. Y
First National Bank, Berlin, Wis . .
Central National Bank, Cincinnati, Ohio.
First National Bank, Dayton, Ohio
National Bank of Chemung, Elmira, N. Y.
Merchants' National Bank, Milwaukee,

Dec. 2,1869
Dec 13,1869
Jan.
Jan.
Jan.
Jan.
Mar.
Apr.
June

8,1870
10,1870
11,1870 |
25,1870
31,1870
9, 1870
10,1870 I

$150, 000
50, 000
300, 000
100, 000
100, 000
500, 000
500, 000
150, 000
100, 000

Wis
100, 000
June 14,1870 I
First National Bank, Saint Louis, M o . . . July 16,1870 I
200, 000
Chemung Canal National Bank, Elmira,
N.Y.
Aug. 3,1870
100, 000
Central National Bank. Omaha, Nebr*.. Sept. 23,1870
100, 000
First National Bank, Clarkwville, Va ... Oct. 13,1870
50, 000
First National Bank, Burlington, Yt
Oct. 15,1870
300, 000
First National Bank, Lebanon, Ohio
Oct. 24,1870
100, 000
National Exchange Bank, Lansingburg,
N.Y
100, 000
Dec. 27,1870
Muskingum National Bank, Zanesville,
!
Ohio-.
100, 000
Jan. 7,1871
United National Bank, Winona, M i n n . . . Feb. 15,1871
50, 000
First National Bank, Des Moines, Iowa. Mar. 25, 1871
100, 000
Saratoga County National Bank, Waterford, N . Y . . . i
150, 000
Mar. 28,1871
State National Bank, Saint Joseph, Mo.. Mar. 31,1871
100, 000
First National Bank, Fenton, Mich
100, 000
May 2,1871
First National Bank, Wellsburg, W. Y a . June 24,1871
100, 000
Clarke National Bank, Rochester, N. Y Aug. 11,1871
200, 000
Commercial National Bank, Oshkosh,
Wis
Nov. 22, 1871
100, 000
Fort Madison National Bank, Fort Mad75, 000
ison, Iowa
Dec. 26,1871
300,000
National Bank of Maysville, Ky
Jan. 6, 1872
105, 500
Fourth National Bank, Syracuse, N. Y . . Jan. 9,1872
American National Bank, New York,
M a y 10,1872
500, 000
N.Y
Carroll County National Bank, SandMay 24,1872
50, 000
wich, N. H
100, 000
Second National Bank, Portland, Me. -. Julie 24,1872
July 15,1872
200, 000
Atlantic National Bank, Brooklyn, N. Y.
Merchants' and Farmers' National Bank,
Aug. 8,1872
150, 000
Quincy, 111
First National Bank, Rochester, N. Y . . . Aug. 9,1872
400, 000
Lawrenceburg National Bank, Ind
200,000
Sept. 10,1872
Jewett City National Bank, Jewett City,
Conn
'
Oct. 4,1872
60, 000
First National Bank, Knoxville, Tenn .. Oct. 22,1872
100, 000
First National Bank, Goshen, Ind
Nov. 7,1872
115, 000
Kidder National Gold Bank, Boston,
Mass
Nov. 8,1872
300, 000
Second National Bank, Zanesville, Ohio Nov. 16,1872
154, 700
Orange County National Bank, Chelsea,
Yt.
'.
j Jan. 14,1873
200, 000
Second National Bank, Syracuse, N. Y . . j Feb. 18,1873
100, 000
Richmond National Bank, Richmond, I
Ind."
Feb. 28, 1873
230, 000
First National Bank, Adams, N. Y
Mar. 7,1873
75,000
Mechanics' National Bank, Syracuse,
N. Y
! Mar. 11,1873
140, 000
Farmers' and Mechanics'National Bank, j
Rochester, N.Y
I Apr. 15, 1873
100, 000
Montana National Bank, Helena, M o n t . . j Apr. 15, 1873
100, 000
First National Bank, Havana, N. Y
j June 3,1873
50, 000
Merchants' and Farmers' National Bank,
Ithaca, N. Y . . .
J u n e 30,1873
50, 000
National Bank of Cazenovia, N. Y
July 18,1873
150, 000
Merchants' National Bank, Memphis,
Tenn
Au°" 30 1873
250, 000
Manufacturers'National Bank, Chicago, I
111
; Sept. 25,1873
500, 000
100, 000
Second National Bank, Chicago, 111
i Sept. 25,1873
N e w bank with same title.




Retired.

$135, 000
42, 500

$133, 768
42, 264
175, 750
173,185
85,250 I
84.149
88, 250
86; 963
44, 000
43, 605
425, 000
420, 040
135, 000
133, 537
90, 000
89, 413
90, 000
179, 990

Outstanding.

$1,232
236
2,565
1,101
1,287
395
4,960
1,463
587

89, 090
178, 230

910
1,760

90, 000

89, 011

989

27, 000
270, 000
85, 000

26, 810
265, 638
84,164

190
4,362
836

90, 000

89,178

822

90, 000
45, 000
90, 000

89, 030
44, 525
89, 004

970
475
996

135, 000
90, 000
49, 500
90, 000
180,000

133, 771
89, 417
48, 948
89, 048
177, 879

1,229
583
552
952
2,121

90, 000

89, 047

953

67, 500
270, 000
91, 700

66, 815
267, 793
90, 600

685
2, 207
1,100

450, 000

442, 325

7,675

45, 000
81, 000
165, 000

44,127
79, 388
163, 265

873
1,612
1,735

135, 000
206,100
180, 000

133, 385
202, 301
177,289

1,615
2,799
2,711

48, 750
80, 910
103, 500

47, 967
79, 715
101, 987

783
1,195
1,513

120,000
138,140

120, 000
135, 808

2,332

180, 000
90, 000

176, 290
H8, G55

3,710
1,345

207, 000
66, 900

207, 000
65, 779

1,121

93, 800

92, 560

1,240

83, 250
31, 500
45, 000

82, 084
31, 355
44, 085

1,166
145
915

45, 000
116, 770

44,118
114, 896

1,874

225, 000

221, 308

3,692

450, 000
97,500

442, 209
95, 571

7,791
1 929

882

REPORT OF THE COMPTROLLER OF THE CURRENCY.

129*

National banks that have aove into voluntary liquidation under the provisions of section*
5220 and 5221 of the Revised Statutes of the United States,
#c—Continued.

Name and location of bank.
..|
._
Merchants* National Bank, Dubuque,
Iowa
Sept. 30,1873
Beloit National Bank, Beloit. Wis
Oct. 2, 1873
Union National Bank, Saint Louis, Mo... Oct. 22,1873
City National Bank, Green Bay. Wis
Nov. 29,1873
First National Bank, Shel bin a, Mo
Jan. 1,1874
Second National Bank. Nashville, Tenn.. Jan. 8,1874
First National Bank, Oueirta, N. Y
Jan. 13,1874
Merchants' National Bank, Hastings,
Minn
Feb. 7,1874
National Bank of Tecumseh., Mich
Mar. 3,1874
Gallatin National Bank, Shawneetown,
111
Mar. 7,1874
First National Bank, Brookville, Pa
Mar. 26,1874
Citizens'National Bank, Sioux City, Iowa. Apr. 14,1874
Citizens'National Bank, Charlottesville,
Va
Apr. 27.1874
Farmers' National Bank, Warren, 111
Apr. 28,1874
First National Bank, Medina, Ohio
M a y 6,1874
Croton EiverNational Bank, South East,
NY
N.Y
M a y 25,1874
Merchants' National Bank of West Virginia, Wheeling, W. Va
i July 7,1874
Central National Bank, Baltimore, Md... | July 15,1874
Second National Bank, Leavenworth, I
Kans
| July 22,1874
TeutoniaNational Bank,New Orleans,La. Sept. 2,1*874
City National Bank, Chattanooga, Tenn.. Sept. 10,1874
First National Bank, Cairo, 111
Oct. 10,1874
Nov. 9,1874
First National Bank, Olathe, Kans
Nov. 10,1874
First National Bank, Beverly, Ohio
Union National Bank, La Fayette, Ind .. Dec. 4,1874
Ambler National Bank, Jacksonville,
Fla.*
Dec. 7,1874
Mechanics' National Bank, Chicago, 111.. Dec. 30,1874
First National Bank, Evansville, Wis
Jan. 9,1875
First National Bank, Baxter Springs,
Jan. 12,1875
Kans
Peoples' National Bank, Pueblo, Colo — Jan. 12,1875
National Bank of Commerce, Green Bay,
Jan. 12,1875
Wis
First National Bank, Millersburg, Ohio.. Jan. 12,1875
Jan. 23, 1875
First National Bank, Staunton, Va
Feb. 24, 1875
National City Bank, Milwaukee, Wis
Irasburg National Bank of Orleans,
Mar. 17, 1875!
Irasburg, Vt
Mar. 25, 1875 |
First National Bank, Pekin, 111....
Merchants and Planters' National Bank,
M a r . 30, 1875
Augusta, Ga
Monticello National Bank, Monticello,
Mar. 30, 1875
Iowa
Iowa City National Bank, Iowa City, Iowa Apr. 14, 1875
First National Bank, Wheeling W. Va.. Apr. 22, 1875
First National Bank, Mount Clemens,
May 20, 1875
Mich
First National Bank, Knob Noster, Mo May 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 . June30,1875
First National Bank, Junction City, Kans July 1, 1875
First National Bank, Chetopa, Kans ... July 19, 1875
Aug. 25,1875
First National Bank, Golden, Colo
Aug. 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,
Iowa
- Sept. 18,1875
Bichland National Bank, Mansfield, Ohio Sept. 25,1875
Planters' National Bank, Louisville, Ky. Sept. 30,1875
1,1875
Oct.
First National Bank, Gallatin, Tenn
First National Bank, Charlestown.W.Va Oct. 2,1875
People's National Bank, Winchester, 111. Oct. 4,1875

$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

$174, 582
44,139
147,248
43,819
88, 479
91,010
108, 097

$5,418
861
3, 052'
1,181;
1, 521/
1, 910
2, 403

100, 000
50, 000

90, 000
45, 000

87, 702
44,100

2, 298
900*

250, 000
100, 000
50, 000

225, 000
90,000 I
45,000 I

220, 803
87, 960
44, 615

4,197
2, 040
385

100,000
50, 000
75, 000

90,000 I
45,000 !
45,000 |

88, 274
43, 989
44, 510

1,72ft;
1,011
490

200, 000

166, 550 |

163, 066 j

3,484

500, 000
200, 000

450,000
180, 000 i

441, 597
177,253 I

8,403
2, 747

100, 000
300, 000
170, 000
100, 000
50, 000
102,000
250, 000

90,000 j
270,000
148,001 !
90,000
45, 000
90, 000
224, 095

87,146
264, 370
145,110
87, 832
44, 384
87, 657
218, 915

2,854
5,630
2, 891
2,168
61ft
2, 34$
5,180

42, 500
250,000
55, 000

144, 900
45, 000

141,290
44,260

3,61074&

50, 000
50, 000

36, 000
27, 000

35, 441
26, 745

550
255

90, 000
60,400 j
90,000 |
60,000 j

88,485
59, 525
88,132
58, 345

1,515
875
1,868
1, 655*

67,500 I
90,000 !

65, 760 |
87,409 I

100,000 |
100,000 !
100,000
100,000
75, 000
100,000

i

1,7402,591

5745 CUR

9

180,000 |

175,890 |

4,110-

100,000
125, 000
250, 000

45, 000
104, 800
225, 000

43, 999
102,146
217, 895

1, 001
2, 654
7,105-

50, 000
50, 000
50, 000

27, 000
45, 000
45, 000

26, 765
44, 459
44, 243

235*
541
757/

200, 000
50, 000
50, 000
50, 000
50, 200
60, 000

141,300
45, 000
45, 000
36, 000
27, 000
54, 000

137, 227
44, 288
44, 305
35,448
26, 705
52, 482

4,072
712
695
552
295
1,518

100, 000
60, 500

90, 000
30, 600

87, 950
30, 282

2,050
318

50, 000
150, 000
350, 000
75, 000
100, 000
75, 000
* Never completed organization.




200, 000 j

27,000
130,300
315, 000
45,000
90,000
67,500

26,625
125, 004
299, 889
44,235
88,437

375
5,296
15, 111
765
1,563^
1,812.

130

REPORT OF THE COMPTROLLER OF THE

CURRENCY.

^National bank* that have gone into voluntary liquidation under the provisions of sections
5220 and 5221 of the Bevised Statutes of the United States, <fc.—Continued.
Circulation.
Name and locition of bank.

Date of
liquidation.

Capital.
Issued.

.Tirst 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,
Ind
Nov. 8,1875
^KansasCity National Bank. Kansas City,
Mo .
Nov. 13,1875 |
Tirst National Bank, Schoolcraft, Mich Nov. 17,1875 !
First National Bank, Curwensville, Pa. Dec. 17,1875 I
^National Marine Bank. Saint Paul, Minn Dec. 28,1875 \
JTirst National Bank, Rochester, Ind
Jan. 11,1876
JTirst National Bank, Lodi, Ohio
Jan. 11,1876
Uron National Bank, Portsmouth, Ohio.. Jan. 19,1876
IFirst National Bank, Ashland, Nebr .- | Jan. 26,1870
IFirst National Bank, Paxton, 111
I Jan. 28,1876
IFirst National Bank, Bloorafield, Iowa..| Feb. 5,1876
-Marietta National Bank, Marietta, Ohio. Feb. 16,1876
-Salt Lake City National Bank, Salt Lake
City, Utah':
Feb. 21,1876
Tirst National Bank, La Grange, Mo
Feb. 24,1876
iFirst National Bank, Atlantic, Iowa
Mar. 7,1876
First National Bank, Spencer, Ind
j Mar. 11,1876
^National Currency Bank, New York, N. Y Mar. 23,1876
Caverna National Bank, Caverna, Ky . . . May 13,1876
City National Bank, Pittsburgh, Pa
! May 25,1876
National State Bank, Des Moines, Iowa. June 21,1876
First National Bank, Trenton, Mo
June 22,1876
First National Bank, Bristol, Tenn
July 10,1876
First National Bank, Leon, Iowa
July 11,1876
Anderson County National Bank, Law- I
renceburg, Ky
I 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,Ky Aug. 26,1876
Estate National Bank, Atlanta, Ga
Aug. 31,1876 i
^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 Commerce, Chicago, 111.. Dec. 2,1876
'First National Bank, Palmyra, Mo
Dec. 12,1876
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, j
Minn
i Jan. 28,1877
First National Bank, South Charleston, j
|
Ohio
i Feb. 24,1877 I
Lake Ontario National Bank, Oswego,
j
N.Y
Feb. 24,1877
First National Bank, Sidney, Ohio
i Feb. 26,1877
Chillicothe National Bank, Ohio
Apr. 9,1877
IFirst National Bank, Manhattan, Kans.. Apr. 13,1877
^National Bank, Monticello, Ky
! Apr. 23,1877
iFirst National Bank, Rockville, Ind . . . . Apr. 25,1877
•Georgia National Bank, Atlanta, Ga
j May 3J, 1877
First National Bank, Adrian, Mich
| June 11,1877
First National Bank, Napoleon, Ohio
\ June 30,1877
First National Bank, Lancaster, Ohio . . . ! Aug. 1,1877
First National Bank, Minerva, Ohio
A u g . 24,1877
Kinney National Bank, Portsmouth, Ohio A u g . 28,1877
First National Bank, Green Bay, W i s . . . Oct. 19,1877
National Exchange Bank, Wakefleld, R. I Oct. 27,1877
First National Bank, Union City, Ind... Nov. 10,1877
First National Bank, Negaunee, Mich . . Nov. 13,1877
Tenth National Bank, New York, N. Y . Nov. 23,1877
First National Bank, Paola, Kans
Dec. 1,1877
National Exchange Bank, Troy, N. T . . . Dec. 6,1877
Second National Bank, La Fayette, Ind. Dec. 20,1877
State National Bank, Minneapolis Minn Dec. 31,1877
Second National Bank, Saint Louis, Mo Jan. 8,1878




Retired.

Out|standing.

$50, 000
50, 000

$45, 000
45, 000

$44, 309
43, 833

$691
1,167

100, 000

81, 280

79, 576

1,704

100, 000

46, 820

45, 635

1,185

100, 000
50, 000
100, 000
100, 000
50, 000
100, 000
100, 000
50, 000
50,000
55, 000
150, 000

90, 000
45, 000
90, 000
59, 710
45, 000
90, 000
90, 000
45, 000
45, 000
49, 500
90, 000

87, 922
44, 087
86, 073
57, 080
42, 720
85, 951
88, 017
44, 307
43,182
47, 925
86, 637

2,078
913
3,927
2,630
2,280
4,049
1,983
693
1,818
1,575
3,363

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

43, 617
43, 862
43, 887
61, 827
43,135
44, 230
65, 745
48,105
43, 901
44, 225
42, 812

1,383
1,138
1,113
1,173
1,865
770
3,184
2,690
1,099
775
2,188

100, 000
60, 000
50, 000
100,000
170, 000
200, 000
200,000
100,000
50, 000
50, 000
250, 000
300,000
50, 000

45, 000
45, 000
31, 500
67,500
153, 000
73, 725
117,961
62,106
27, 000
26, 500
71, 465
46,140
45, 000

44, 240
42, 363
31, 021
65, 425
146, 780
70, 045
110, 274
58, 718
26, 602
25, 840
68,436
43, 924
40, 809

760
2,637
479
2,075
6,220
3,680
7,687
3,388
398
660
3,029
2, 216
4,191

50, 000
60, 000
100, 000

27, 000
35, 700
38, 300

26, 395
34, 260
35, 461

605
1,440
2,839

100, 000

63, 285

59,125

4,160

100, 000

90, 000

85, 557

4,443

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
100, 000
200, 000

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
82, 500
53, 055

61, 093
43, 892
49, 870
42, 671
44, 085
162, 390
42, 575
40, 909
42, 837
51, 015
43, 357
86, 549
42, 525
31, 462
42, 625
42, 774
401, 739
41, 959
83, 900
45, 974
75, 721
45, 680

5,312
2,308
3,955
1,529
5,415
10, 700
2,425
2,591
2,163
2,985
1,643
3,451
2,475
3,188
2,375
2,226
39,261
2,391
6,100
6,193
6, 779
7,375

REPORT OF THE COMPTROLLER OF THE CURRENCY.

131

National banks that have gone into voluntary liquidation under the provisions of sections
5220 and 5221 of the Revised Statutes of the United States, cfc.—Continued.
Circulation.
Name and location of bank.

Date of
liquidation.

First National Bank, Sullivan, Ind
Jan. 8,1878 •
Rockland County National Bank, Nyack,
N.Y
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 j
First National Bank, Tell City, Ind
Mar. 4,1878 I
First National Bank, Pomeroy, Ohio
Mar. 5,1878 |
Eleventh. Ward National Bank Boston,
Mass
Mar. 14,1.878 i
First National Bank, Prophetstown, 111., Mar. 19, 1878 i
First National Bank, Jackson, Micb
', Mar. 26,1878 !
First National Bank, Eau Claire, Wis ...! Mar. 30,1878 j
First National Bank, Washington, Ohio j Apr. 5,1878 '
First National Bank, Middleport, Ohio.. •Apr. 20,1878 :j
First National Bank, Streator, 111
Apr. 24, 1878
First National Bank, Muir, Mich
I Apr. 25,1878 j
Kane County National Bank, Saint I
Charles, 111'
i May 31,1878 !
First National Bank, Carthage, Mo
j June 1,1878 j
Security National Bank, Worcester, I
Mass
i June 5,1878 I
First National Bank, Lake City, Colo ... | June 15,1878 |
People's National Bank, Norfolk, Ya j July 31,1878
Topeka National Bank, Topeka, Kans... j Aug. 7,1878
First National Bank, Saint Joseph, Mo.. j Aug. 13,1878
First National Bank, Winchester, Ind .. ! Aug. 24,1878
Muscatine National Bank, Muscatine, <
Iowa
; Sept. 2,1878
Traders' National Bank, Chicago, 111 j Sept. 4,1878
Union National Bank, Rah way, N. J
i Sept. 10,1878
First National Bank, Sparta, Wis
j Sept. 14,1878
Herkimer County National Bank, Little
Falls, N . T . . . :
Oct. 11,1878 !
Farmers' National Bank, Bangor, Me ... Nov. 22,1878 j
Pacific National Bank, Council Bluffs,
Iowa
, Nov. 30,1878
First National Bank, Anamosa, Iowa ... Dec. 14,1878 j
Smithfield National Bank, Pittsburgh,
Dec. 16,1878 I
Pa
First National Bank, Buchanan, Mich ..! Dec. 21,1878 !
First National Bank, Prairie City, 111... Dec. 24,1878 j
i
Corn Exchange National Bank, Chicago,
Jan. 4,1879 |
111
Franklin National Bank, Columbus, Ohio Jan. 4,1879 !
Jan. 14,1879
Traders' National Bank, Bangor, Me
Jan. 14,1879 j
First National Bank, G-onio, N. H
Jan. 14,1879 i
First National Bank, Salem, N. C
First National Bank, Gran ville, Ohio ... Jan. 14,1879 j
Commercial National Bank, Petersburg,
14,1879
Ya
::. Jan. 14,1879 I
Jan.
First National Gold Bank, Stockton, Cal. Jan. 14,1879 !|
First National Bank, Sheboygan, Wis... Jan. 21,1879
First National Bank, Boscobel, Wis
National Marine Bank, Oswego, JN. Y .. Jan. 25,1879 !i
Central National Bank, Hightstown, N. J. Feb. 15, 1879
Bm)okville National Bank, 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, i Mar. 3,1879
Me
!
4,1879
First National Bank, Tremont, Pa
! Mar. 15,1879
First National Bank, Atlanta, 111
\ Apr. 22,1879
Apr.
Union National Bank, Aurora, 111
! Apr. 26,1879
National Bank of Menasha, Wis
j
National Exchange Bank, Jefferson City, !May 8,1879
Mo
-i
May 15,1879
First National Bank, Hannibal, Mo
Merchants' National Bank, Winona, Minn. June 16,1879
July 3,1879
Farmers' National Bank, Keithsburg, 111. July 5,1879
First National Bank, Franklin, Ky



Capital.
Issued.
$50, 000

$45, 000

100, 000 !
50,000 j
50,000 I
50,000 j
100,000 I
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

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

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

100, 000
200,000 I
100,000
50, 000

44,200 !
43,700 i
89,200
45,000 |

Retired.
$43, 255

$1, 745

82, 751
43, 053
30, 285
42, 734
59, 764
23, 486
29, 882
43,229 I
69,160 ;
I
84,130
43, 793
81, 260
36, 280
62, 410
30, 475
39, 205
42, 061

5,270
1,208
7,140
2,281
7,340
1,025
1,295
2,139

24, 453
42, 398

1,847
2,102

45,175
28, 574
73, 515
76, 721
57, 725
46, 899

3,825
726
12,190
12, 579
9,385
5,801

36, 841
36, 235
80,157
40, 969

7,359
7,465
9,043
4,031
20, 635
10, 813

6,249
1,947
2,115
2,266
4,986
3, 514
3,589
1,271
6,553

200, 000
100, 000

178,300
89,100

100, 000
50, 000

45, 000
44, 500
90, 000
27, 000
27, 000

157, 665
78, 287
42, 600
37, 886
74, 950
25, 395
20, 960

500,000 I
100,000
100,000 !
60,000
150,000 !
50,000 I

59* 160
93, 070
76, 400
45, 597
128, 200
34, 365

49, 927
82, 283
63, 585
40, 278
109, 560
29, 894

9,233
10, 787
12, 815
5,319
18, 640
4,471

120, 000
300, 000
50, 000
50, 000
120, 000
100, 000

99, 800
238, 600
45, 000
43, 900 I
44,300
32,400 j

82, 013
200, 051
41, 668
40, 516
40,172
30, 315

17, 787
38, 549
3,332
3,384
4,128
2,085

200, 000
50, 000
50, 000

100, 000 j

2,400
6,614
15, 050
1,605
6,040

89,000 j

74, 200

14, 800

50, 000
50, 000

41, 500
45, 000

39, 002
42, 982

2,498
2,018

125, 000
75, 000
50, 000
125, 000
50, 000

110, 300
64, 600
26, 500'
82, 000
44, 500

97, 566
52, 298
21, 900
67, 393
41, 487

12, 734
12, 302
4,600
14, 607
3,013

50, 000
100, 000
100, 000
50, 000
100,000

45, 000
88, 200
35, 000
27, 000
54, 000

39, 734
73,897
32, 327
22,740
46, 310

5,266
14,303
2,673
4,260
7,690

132

REPORT OF THE COMPTROLLER OF THE CURRENCY.

National banks that have gone into voluntary liquidation under the provisions of sections
5220 and 5221 of the Revised Statutes of the United States, <f c.—Continued.
Circulation.

Name and location of bank.

Date of
liquidation.

Capital.
Issued.

National Bank of Salem, Salem, Ind ... July 8,1879
Fourth National Bank, Memphis, Tenn July 19,1879
Bedfoid National Bank, Bedford, Ind.. July 21,1879
First National Bank, Afton, Iowa
Aug. 15,1879
First National Bank, Deer Lodge, Mont Aug. 16,1879
First National Bank, Batavia, 111
Aug. 30,1879
National Gold Bank and Trust Company,
San Francisco, Cal
Sept. 1,1879
Gainesville National Bank, Gainesville,
Ala
Nov. 25,1879
First National Bank, Hackensack, N. J Dec. 6,1879
NationalBank of Delavnn, Delavan,Wis Jan. 7,1880
Mechanics' National Bank, Nashville,
Tenn
Jan. 13,1880
Manchester National Bank, Manchester,
Ohio
Jan. 13,1880
First National Bank, Meyersdale, Pa ... Mar. 5,1880
First National Bank, Mifflinburg, Pa.... Mar. 8, 1880
National Bank of Michigan, Marshall,
Mich
M a y 14,1880
National Exchange Bank, Houston,Tex Sept. 10,1880
Ascutuey National Bank,Windsor,Vt... Oct. 19,1880
First National Bank, Seneca Falls, N. Y. Nov. 23,1880
First National Bank, Baraboo, Wis
Nov. 27,1880
Bundy National Bank, New Castle, Tud. Dec. 6,1880
Vineland National Bank, Yineland, N. J. Jan. 11,1881
Ocean County National Bank, Tom's
Hiver, N.J
...
Jan. 11,1881
Hungerford National Bank, Adams, N. Y. Jan. 27,1881
Merchants' National Bank, Minneapolis,
Jan. 31,1881
Minn.
Farmers' National Bank, Mechanicsburg,
Feb. 18,1881
Ohio
First National Bank, Green Spring, Ohio. Feb. 18,18*1
First National Bank,Cannon Falls, Minn. Feb. 21,1881
First National Bank, Coshocton, Ohio... Feb. 21,1881
Manufacturers' National Bank, Three
Rivers, Mich
Feb. 25,1881
First National Bank, Lansing, Iowa
Feb. 25,1881
First National Bank, Watertown, N. Y.. May 26,1881
First National Bank, Americus, Ga.... J u n e 17,1881
First National Bank, Saint Joseph, Mich J u n e 30,1881
First National Bank, Logan, Ohio
July 8,1881
First National Bank, Kochelle, 111
Aug. 9,1881
First National Bank, Shakopee, Minn .. Aug. 10,1881
National State Bank, Oskaloosa, Iowa.. Aug. 13,1881
First National Bank, Hobart, N. Y
Aug. 27,1881
Attica National Bank, Attica, N. Y
Aug. 30,1881
National Bank of Brighton, Boston, Mass Oct. 4,1881
Clement National Bank, Rutland, Vt.*. Aug. 1,1881
First National Bank, Lisbon, Iowa
Nov. 1,1881
First National Bank, Warsaw, Ind
Dec. 1,1881
Brighton National Bank, Brighton, Iowa. Dec. 15, 1881
Merchants' National bank, Denver, Colo. Dec. 24,1881
Merchants' National Bank, Holly, Mich.. Dec. 31,1881
First National Bank, Alliance, Ohio ... Jan. 3,1882
National Union Bank, New London, Conn Jan. 10,1882
National Bank of Royalton, Yt
Jan. 10,1382
First National Bank, Whitehall, N. Y ... Jan. 18,1882
National Bank of Pulaski.Tenn .
Jan. 23,1882
First National Bank, Alton, 111.
Mar. 20,1882
Havana National Bank, Havana, N. Y ... Apr. 15,1882
First National Bank, Brownsville, Pa ... May 2,1882
Second National Bank, Franklin, Ind
J u n e 20,18b2
Merchants' National Bank, Georgetown,
Colo
J u n e 22,1882
Commercial National Bank, Toledo, Ohio. July 6,1882
Harmony National Bank*, Harmony, Pa.. July 7,1882
First National Bank, Liberty, Ind
July 22,1882
Manufacturers' National Bank, Amsterdam, N.Y
Aug. 1,1882
First National Bank, Bay City, Mich.... Nov. 8,1882
First National Bank, Ripley, Ohio
Nov. 10,1882
National Bank of State of New York,
New York, N.Y
Dec. 6,1882



Retired.

Outstanding.

$50, 000
125, 000
100, 000
50, 000
50, 000
50, 000

$44, 400
45, 000
87, 200
26, 500
45, 000
44, 300

$42, 346
36, 585
81, 835
23, 829
42, 525
39, 562

$2, 054
8,415
5,365
2,671
2,475
4,738

750, 000

40, 000

25, 860

14,140

100, 000
100, 000
50, 000

90, 000
90, 000
27, 000

70, 695
76, 628
22, 460

19, 305
13, 372
4,540

100, 000

90, 000

69, 350

20,650

50, 000
50, 000
100, 000

48, 303
30, 600
90, 000

40, 457
28, 435
70, 940

7,846
2,165
19, 060

120, 000
100, 000
100, 000
60, 000
50, 000
50.000
50, 000

100, 800
31, 500
90, 000
54, 000
27, 000
45, 000
45, 000

84, 697
25, 064
73, 337
50,163
2z, 881
42, 723
42, 053

16,103
6, 436
16, 663
3,837
4,119
2,277
2,947

100, 000
50, 000

119, 405
45, 000

94, 915
3li, 122

24, 490
8,878

150, 000

98, 268

91,195

7,07a

100, 000
50, 000
50, 000
50, 000

30,140
45, 000
45, 000
53, 058

27, 320
40, 396
39, 050
48,178

2,820
4,804
5,950
4,880

50, 000
50, 000
• 100, 000
60, 000
50, 000
50, 000
50, 000
50, 000
50,000
100, 000
50, 000
300, 000
100, 000
50, 000
50, 000
50, 000
120, 000
50, 000
50, 000
300, 000
100, 000
50, 000
70, 000
100, 000
50/000
75, 000
100, 000

45, 000
45, 000
75, 510
45, 000
26, 500
45, 000
45, 000
45, 000
81, 665
90, 000
45, 000
270, 000

40, 205
40, 002
54, 530
40, 993
21,918
40, 380
38, 965
36, 890
63, 240
70, 279
37,710
212, 650

4,795
4,998
20, 980
4, 005
4,582
4,620
6,035
8,110
18,425
19,721
7,290
57, 350

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

37, 950
41,105
37,815
44,060
39, 299
35, 040
82, 955
67,262
33,810
31, 605
67, 561
37, 422
47,245
53, 690

7,050
7,395
7,185
27, 940
5,701
9,960
29,863
22, 738
11,190
12, 095
22,439
7,578
20, 255
27,370

50, 000
100, 000
50, 000
60, 000

45, 000
90, 000
45, 000
54, 000

36, 698
68, 430
30, 990
39, 620

8,302
21,570
14,010
14,380

80, 000
400, 000
100, 000

72, 000
156,100
69, 201

55, 370
107,110
46,001

16,630
48,990
23,200

800, 000
*New bank witk tame title.

397,004

295,414

101, 590

REPORT OF THE COMPTROLLER OF THE CURRENCY.

133

National banks that have gone into voluntary liquidation under the provisions of sections
5220 aud 5221 of the Revised Statutes of the United States, <f c.—Continued.
Circulation.
Name and location of bank.

Date of
liquidation.

Capital.
Issued.

$100,000
$90, 000
First National Bank, Wellington, Ohio.. Dec. 12,1882
100, 000
90, 000
Second National Bank, Jeffeison, Ohio .. Dec. 26,1882
200, 000
162, 800
First National Bank, Painesville, Ohio .. Dec. 30,1882
Saint Nicholas National Bank, New
500, 000
450, 000
Dec. 30,1882
York.N. Y
500, 000
29, 700
Dec. 30,1882
Fifth National Bank, Chicago, 111
50,000
45, 000
First National Bank, Dowagiac, Mich . . . Jan. 3,1883
150, 000
59, 400
Jan. 9,1883
First National Bank, Greenville, III
Merchants' National Bank, East Sagi101,100
J a n . 9,1S83 |
200,000
naw, Mich
Logan County National Bank, Russell50, 000
40, 050
ville.Ky.
Jan. 9,1883 1
100, 000
90, 000
National Bank of "Vandalia, 111
Jan. 11,1883 |
50, 000
38, 800
Traders' National Bank, Charlotte, N. C. Jan. 16,1883 |
45, 0U0
11, 240
First National Bank, Norfolk, Nebr
| Feb. 3,1883 ;
First National Bank, Midland City, \
\
30, 000
Mich*
Feb. 5,1883 j
50, 000
Citizens' National Bank, New Ulin, Minn.! Mar. 1,1883 I
56, 000
National Bank of Owen, Owentou, Ky... Mar. 5,1883 |
Merchants' National Bank, Nashville,
300, 000
Ten a
June 30,1883
35, 000
Indiana National Bank, Bedford, I n d . . . . Aug. 25,1883
100,000
Stockton National Bank, Stockton, Cal..I Oct. 1,1883
Wall Street National Bank, New York,
500, 000
N. Y
Oct. 15,1883
150, 000
Commercial National Bank, Reading, Pa Oct. 23,1883
Corn Exchange National Bank, Chicago,
700, 000
111*
Nov. 10,1883
50, 000
Farmers' National Bank, Sullivan, Ind.. Dec. 24,1883
45, 000
100, 000
City National Bank, La Salle, 111
! Jan. 8,1884
22, 500
Hunt County National Bank, Greenville, !
I
68, 250
17,300 I
Tdx
! Jan. 22,1884
Waldoboro' National Bank, Waldoboro', I
50, 000
44,000
Me
i Jan. 31,1884
300, 0U0
180,000 i
Third National Bank, Nashville, Tenn.J Feb. 20, 1884
Madison County National Bank, Ander- |
50, 000
45, 000 I
son, Ind . . . '
Mar. 25,1884
50, 000
11, 240
First National Bank, Phoenix, Ariz
Apr. 7,1884
150, 000
90, 000
Cobbossee National Bank, Gardiner, Me. Apr. 18,1884
Mechanics and Traders' National Bank, I
200,000
85, 400
New York, N. Y
j Apr. 24,1884
100, 000
72, 500
Princeton National Bank, Princeton. N.J. May 17,1884
50, 000
23, 586
Kearsarge National Bank, Warner, N. H. June 30,1884
50, 000
40, 000
Second National Bank, Lansing, Mich... July 31,1884
50,000
13, 500
First National Bank, Ellensburg, Wash. Aug. 9,1884
50, 000
45, 000
German National Bank, Millerstown, Pa. Aug. 12,1884
Exchange National Bank, Cincinnati,
I
500, 000
78,000 !
Ohio
Aug.27,1884
75, 000
66,500 I
First National Bank, Rushville, 111
Sept. 30,1884
100, 000
72,000 !
Mechanics' National Bank, Peoria, 111... Oct. 4,1884
50, 000
44,200 i
First National Bank, Freeport, Pa
j Oct. 10,1884
Genesee County National Bank, Batavia,
50, 000 I
45, 000
N. Y
i
Oct. 11,1884
50 000 I
22,150
Valley National Bank, Red Oak, Iowa... Oct. 20,1884
Merchants' National Bank, Bismarck,
73,000 j
22, 500
Dak
Oct. 28,1884
Manufacturers' National Bank, Minne- i
300,000
45,000
apolis, Minn
Nov. 1,1884
Farmers and Merchants'National Bank,
50, 000
34, 600
Uhricsville, Ohio
Nov. 10,1884 j
Metropolitan National Bank, New York,
1, 447, 000
N.Y
Nov. 18,1884 3, 000, 000
50, 000
19, 250
First National Bank, Grand Forks, Dak. | Dec. 2,1884
Freehold National Banking Company,
50, 000
93, 000
Freehold,N.J
Dec. 10,1884
50, 000
11, 240
Albia National Bank, Albia, Iowa
Dec. 16,1884
50, 000
22, 450
First National Bank, Carlinville, 111
Dec. 16,1884
50, 000
11, 250
Iron National Bank, Gunnison, Colo
Dec. 8,1884
100, 000
90, 000
Freeman's National Bank, Augusta, Me. Dec. 26,1884
250, 000
45, 000
First National Bank, Kokomo, Ind
Jan. 1,1885
50, 000
10,740
First National Bank, Sabetha, Kans
Jan. 2,1885
50, 000
11, 200
First National Bank, Wyoming, III
Jan. 13,1885
50, 000
42, 500
First National Bank, Tarentum. Pa
Jan. 13,1885
50, 000
10, 740
Farmers' National Bank, Franklin, Tenn. Jan. 24,1885
60, 000
36, 000
First National Bank, Walnut, 111
Jan. 21,1885
* No circulation issued.




Retired.

Outstanding.

$60, 9u6
57,910
104, 460

$29,094
32, 090
58,340

298, 530
15, 310
30, 948
34, 590

151,470
14,390
14, 052
24, 810

65, 480

35, 620

29, 430
52, 420
27 570
5,190

10, 620
37, 580
11, 230
6,050

21, 070
6,870

23, 930
15, 630

5,350

11, 950

21, 740
91, 170

22, 260
88,830

20, 850
4,730
40,140

24,150
6,510
49, 860

38, 470
36, 220
10, 906
12, 400
4,900
12,175

46, 930
36, 280
12, 680
27, 600
8,600
32, 826

18,410
15, 940
19, 590
11, 680

59,590
50, 560
52, 410
32, 520

16, 660

28,340

6,280

15, 870

3,250

19,250

8,260

36,740

8,110
26,490
420, 270 1, 026,730
5,330
13,920
28, 830
2,390
5,970
3,030
30,320
9,880
2,000
1,950
7,980
1,370
5,680

64,170
8,850
16, 480
8,220
59, 680
35,120
8,740
9,250
34, 520
9,370
30,320

134

REPOKT OF THE COMPTROLLER OF THE CURRENCY.

National Panics that have gone into voluntary liquidation under the provisions of sec
5220 and 5221 of the Revised Statutes of the United States,
$c—Continued.
Circulation.
Name and location of bank.

Date of
liquidation.

Capital.
Issued.

Citizens' National Bank, Sabetha, Kans.
First National Bank, Tucson, Ariz
Ripon National Bank, Ripon, Wis
Farmers' National Bank, Franklin, Ohio.
National Union Bank, Swan ton, Vt
First National Bank, Prescott, Ariz
German National Bank, Memphis, Tenn.
First National Bank, Superior, Wis
Shetucket National Bank, Norwich,
Conn
Cumberland National Bank, Cumberland, R . I
Merchants and Farmers' National Bank,
Shakopee, Minn
First National Bank, Columbia, Tenn . . .
Union National Bank, New York, N. Y..
Manufacturers' National Bank, Appleton , Wis
First National Bank, Plankinton, Dak...




Jan.
Jan.
Feb.
Apr.
Apr.
Apr.
May
May

27,1885
31,1885
7,1885
1,1885
28,1885
9,1885
6,1885
16,1885

May 18,1885
June 5,1885
May 12,1885
July 14,] 885
July 21,1885

$50, 000
100, 000
50, 000
50, 000
50, 000
50, 000
175, 300
60, 000
100, 000
125, 000

50, 000
100, 000
Oct. 10,1885 1,200,000
50, 000
Oct. 21,1885
50, 000
91, 184, 780 35,

$11, 240
28,100
16, 200
27, 350
43, 800
11, 250

Retired.

Outstanding.
$9, 420
21, 380
14, 240
24, 010
38, 770
9,490
104, 410

120,100
18, 900

$1, 820
6,720
1,960
3,340
5,030
1,760
15, 690
2,040

72, 000

10,100

112, 500

14, 940

10,240
66, 800
25,100
45, 000
11, 250

740
3,630
950
None
None

45, 000
11,250

924, 924

30, 820 996

5,103, 928

16, 860
61, 900
97, 560
9,500
63,170
24,150

REPORT OF THE COMPTROLLER OF THE CURRENCY.
National hanks that have gone into voluntary liquidation under the provisions of section®
5220 and 5221 of the Revised Statutes of the United States, for the purpose of organizing?
new associations with the same or different title, with date of liquidation, amount of capital, circulation issued, retired, and outstanding on November ] , 1885.
Circulation.
Xame and location of bank.

Date of
liquidation.

Capital.
Issued, j Retired. I OutI standings.

$270, 000
$216, 852
First National Bank, Kondout, N. Y . . . i Oct. 30,1880 ! $300, 000
$53,14®
1.00, 000
90, 000
80, 645
9, 35S
First National Bank, Huntington, Tnd .. Jan. 31,1881 |
300, 000
215, 424
63,824
First National Bank, Indianapolis, Ind.. j July 5,1881 I
279, 248
8, 985
36, 015
First National Bank, Valparaiso, Ind . . . j Apr. 24,1882
50, 000
•45, 000
11, 979
First National Bank, Still water, Minn .. I Apr. 29,1882
71, 477
130, 000
83, 456
14,123
90, 000
75, 877
First National Bank, Chicago, 111
| Apr. 29,1882 1, 000, 000
10, 650
45, 000
34, 350
First National Bank, Woodstock, 111.... j Apr. 30,1882 |
50, 000
58, 680
121, 320
Second National Bank, Cincinnati, Ohio. I Apr. 28,1882
200, 000
180,000
102, 855
274, 035
Second National Bank, New York, N. Y.l Apr. 28,1882
300,000
376, 890
71. 820First National Bank, Portsmouth, N. H .! Apr. 29,1882
300,000
286, 000
214,180
26, 588
200,000
60, 812
First National Bank, Richmond, Ind
May 5,1882
87, 400
154,15G
356, 650
Second National Bank, Cleveland, Ohio . May 6,1882 1, 000, 000
510, 800
91,19a
500, 000
264,120
First National Bank, New Haven, Conn. May 6,1882
355, 310
36, 050'
100, 000
78, 772
First National Bank, Akron, Ohio
! May 2,1882
114, 822
58,524.
300, 000
193, 476
First National Bank, Worcester, Mass... May 4,1882
252, 000
150, 000
100, 893
First National Bank, Barre, Mass
! May 9,1882
135,000
34,.10T
100, 000
29, 743
First National Bank, Davenport, Iowa.. May 9,1882
45, 000
15, 257;
150, 000
63, 000
First National Bank, Kendallville, Ind.. May 12,1882
90, 000
27, 000300,000
181, 688
First National Bank, Cleveland, Ohio . . . May 13,1882
266, 462
84, 774A
500, 000
321, 429
First National Bank, Youngstowrt, Ohio. May 15,1882
441, 529
120,10&
500, 000
300, 040
First National Bank, Evausville, Ind
May 15, 1882
442, 870
142, 830'
78,950 i 31, 590?
50, 000
First National Bank, Salem, Ohio
May 15,1882
110, 540
31,705 ' 13, 295200, 000
First National Bank, Scranton, Pa
May 18,1882
45, 000
48,925 I 15, 600
First National Bank, Centreville, Ind... May 18, 1882
50, 000
64, 525
29,861
First National Bank, Fort Wayne, Ind .. May 22,1882
300, 000
45, 000
15,139>
59,062
100, 000
79, 200
First National Bank, Strasburg, Pa
May 22,1882
20,138
71,030
100, 000
99, 000
First National Bank, Marietta, Pa
May 27,1882
27, 970*
138,425 | 36, 63fr
150, 000
First National Bank, La Fayette, Ind . . . May 31,1882
175, 060
First National Bank, McConnelsville,
60,067 ! 24, 573";
Ohio
I May 31,1882 i
50,000 j
84, 640
159,072 ! 70, 098
200,000 I 229,170
First National Bank, Milwaukee, Wis... May 31,1882 |
71,932 i 30, 774
100,000 ! 102, 706
Second National Bank, Akron, Ohio
| May 31,1882
63,670 j 21, 40&
100,000 i
First National Bank, Ann Arbor, Mich .| June 1,1882
85, 078
61,010
28, 990*
100,000 I
First National Bank, Geneva, Ohio
June 1, 1882
90, 000
41, 298
17, 084
First National Bank, Oberlin, Ohio ... June 1,1882
50,000 I
58, 382
First National Bank, Philadelphia, Pa .. June 10,1882 1,000,000 ! 799, 800
540,920 S 258, 880
June 10,1882
129,093 j 50, 90T
200,000 : 180, 000
First National Bank, Tro/p, Ohio
Third National Bank, Cincinnati, Ohio.. June 14,1882 j
800,000 | 609, 500 j 422,430 I 187, 07O>
First National Bank, Cambridge City,
29,872 i 15,128
Ind
50,000
45,000
J u n e 15,1882 I
55,581 ! 34, 419First National Bank, Lyons, Iowa
June 15,1882
100,000
90, 000
249,775 I 86, 570'
First National Bank, Detroit, Mich . . . . June 17,1882
500,000
336, 345
239,700 |
First National Bank, Wilkes Barre, Pa , June 20,1882
,
97, 800*
375,000 ! 337, 500
First National Bank, Iowa City, Iowa ..[ June24,1882
63, 575 | 24, 825
100,000! i
88, 400
First National Bank, Nashua, N. H
| June 24,1882
66,750
23, 250>
100,000
90, 000
First IS ational Bank, Johnstown, Pa ...! June 24,1882
37,855 I 16,145
60,000 i
54, 000
First National Bank, Pittsburgh, Pa
June 29, 1882
402,870 ! 191,130
750,000 j 594, 000
First National Bank, Terre Haute, Ind.. June 29,1882
101,173 j 40, 402
200,000
141, 575
First National Bank, Hollidaysburg, Pa June 30,1882
33,250
11, 750
50,000 I
45, 000
First National Bank, Bath. Me
June 30,1882
131,870 j 48,130
200, 000
180, 000
First National Bank, Janesville, Wis . . . June 30,1882
81,110 I 39, 940
125, 000
121,050
First National Bank, Michigan City, Ind June 30,1882
38.498 i
6,502
100, 000
45, 000
First National Bank, Monmouth, 111 . . . I July 3,1882
37.499 i
7,501
75, 000
45, 000
First National Bank, Marion, Iowa
July 11,1882
34,900 \ 10, lOi)
50, 000
45, 000
First National Bank, Marlborough, Mass Aug. 3,1882
131,270 | 48, 730
200, 000
180,000
97,350
National Bank of Stanford, Ky
37, 650
Oct. 3,1882
150,000
135, 000
56,890 ' 33,110
First National Bank, Sandusky, Ohio . . . Oct. 6,1882
150, 000
90, 000
31,350 ! 13, 650
First National Bank, Sandy Hill, N. Y.. Dec. 31, 1882
50, 000
45, 000
58,350 | 31,650
First National Bank, Lawrenceburg, Ind Feb. 24,1883 ! 100, 000
90, 000
49,100 I 31, 700
First National Bank, Cambridge, Ohio .. Feb. 24,1883 : 100, 000
80, 800
35,390 j 12, 410
Feb. 24,1883 i 100, 000
First National Bank, Oshkosh, Wis
47, 800
117,020 i 38, 880
First National Bank, Grand Rapids, Mich Feb. 24,1883 ! 400, 000
155, 900
Feb. 24,1883
32,300 ! 12, 70O
50, 000
First National Bank, Delphos, Ohio
45, 000
Feb. 24,1883
41,150
100, 000
12, 350>
First National Bank, Freeport, 111
53, 500
Feb. 24,1883
54, 000
100, 000
36, 000.
First National Bank, Elyria, Ohio
90, 000
Feb. 24,1883 j 300, 000
68, 670
160, 880
229, 550
First National Bank, Troy, N. Y.
223, 880
139, 820*
Second National Bank, Detroit, Mich . . . Feb. 24,1883 j 1, 000,000
363, 700
Feb. 24,1883 | 100, 000
46, 440
43, 560
Second National Bank, Peoria, 111
90, 000
National Fort Plain Bank, Fort Plain, N.
Y
174, 300
111,046 j
63,254
Feb. 24,1883 j 200, 000
Logansport National Bank, Logansport,
9,600
Ind
Dec. 1,1883 ;
100, 000
16, 850
7, 250
May 14,1884 \
50, 000
45, 000
20, 830
24, 17 to
National Bank of Birmingham, Ala




136

REPORT OF THE COMPTROLLER OF THE CURRENCY

National banks that have gone into voluntary liquiation under the provisions of sections
5220 and 5221 of the Revised Statutes of the United States, fc—Continued.
Circulation.
Name and location of bank.

SFirst National Bank, Westfield, N. T . . .
First National Bank, Incleppnclence, Iowa
First National Bank, Sturgis, Mich
National Bank, Rutland, Vt
Kent National Bank, Chesteitown, 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, Yaldma. Wash
First National Bank, Flint, Mich
Total




Date of
liquidation.

Capital.
Issued.

OutRetired. standing.

June 1,1884
Oct.
Dec.
Jan.
Feb.

31,1884
31,1884
13,1885
12,1885

$50,000
100, 000
50,000
500, 000
50, 000

$42,800
90, 000
43, 850
238, 700
29, 450

$16,180
20, 570
10, 580
72,150
14,770

$26,620
69,430
33,270
166, 550
14,680

Feb.
Feb.
Feb.
Mar.
Juno
June

20,1885
25,1885
28, 1885
31,1885
20,1885
30,1885

150, 000
80, 000
75, 000
100, 0d0
50, 000
200, 000

135, 000
70, 600
30, 600
89,155
14, 650
121, 500

28,190
9,830
6,253
13,175
1,510
8,760

106,810
60,770
24,347
75,980
13,140
112,740

17, 570, 000 12, 440, 963

8, 381, 340 4,059,623

REPORT OF THE COMPTROLLER OF THE CURRENCY.

137

Nmmes of hanks in liquidation under section 7, act July 12, 1882, with date of expiration of
charter, circulation issued, retired, and outstanding November 1,1885.
Circulation.
Name and location of bank.

First National Bank, Pontiac, Mich
First National Bank, Washington, Iowa.
First National Bank, Fremont, Ohio
Second National Bank, Dayton, Ohio
First National Bank, Girard, Pa
First National Bank, Xenia, Ohio
First National Bank, Peru, 111
First National Bank, Elmira, N. Y
First National Bank, Chittenango, N. Y.
First National Bank, Eaton, Ohio
First National Bank, Leominster, Mass..
First National Bank, Winona, Minn
American National Bank, Hallowell, Me.
First National Bank, Attica, Ind
Citiasens'National Bank, Indianapolis, Ind
First National Bank, Noith East, Pa....
First National Bank, Gralva, 111
First National Bank, Thornton, Ind
Mnncie National Bank, Muncie, Ind
Merchants' National Bank, Evansville,
Ind
Saybrook National Bank, Essex, Conn..
Union National Bank, Albany, N. Y
Battenkill National Bank, Manchester,
Vt
First National Bank, 0 wosso, Mich
Coventry National Bank, Anthony, R. I
State National Bank, Keokuk, Iowa
Tolland County National Bank, Tolland,
Conn - - City National Bank, Hartford, Conn
West River National Bank, Jamaica, VtTotal




Date of

liquidation.

Dec. 31,1881
Apr. 11,1882
May 22,1882
May 26,1882
June 1,1882
Feb. 24,1883
Feb. 24,1883
Feb. 24,1883
Feb. 24, 1883
July 4,1884
July 5,1884
July 21,1884
Sept. 10,1884
Oct. 28,1884
Nov. 11,1884
Dec. 23,1884
Jan. 2,1885
Jan. 13,1885
Jan. 28,1885

Capital.
Issued.
$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
300, 000
50, 000
50, 000
50, 000

$90,000
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
87, 800
24, 550
36, 000
43, 740

Feb. 6,1885
Feb. 20,1885
Mar. 7,1885

200,
250,
100,
250,

000
000
000
000

161, 000
90, 800
61, 200
144,400

Mar.
Apr.
Apr.
May

75,
60,
100,
150,

000
000
000
000

21,1885
14,1885
17,1885
23,1885

June 6,18P5
June 9,1885
Aug. 17,1885

Retired.
$65, 370
60, 252
63, 237
181, 600
65, 775
64, 550
26, 300
56, 570
100, 040
13, 640
90, 690
15, 090
25, 510
19, 400
24,410
3,080
7,800
10, 320

Outstanding.
$24, 630
28,313
26,763
81,341
24,225
43, 450
18, 700
33, 430
34, 960
30, 660
153, 710
29,110
41, 990
31, 000
63,390
21,470
28, 200

33,420

900
680
090
530

129,100

700
500
000
000

10, 850
6,990
20, 010
4,090

46,850
46,510
68,990
40,910

100, 000
550, 000
60,000

44,100
90, 000
54, 000

5,320
12, 840
2,850

38,780
77,160
51,150

4, 096, 000

2, 533,096

1, 054, 784

1,478, 312

57,
53,
89,
45,

31,
16,
10,
39,

74,120
51,110
104,870

138

REPOET OF THE COMPTROLLER OF THE CURRENCY.

Name8 of Panics in liquidation under section 7, act July 12, 1882, with date of expiration of
charter, circulation issued, retired, and outstanding, succeeded by associations with the
same or different title, November 1,1885.
Circulation.

Name and location of bank.

Date of liquidation.

First National Bank, Kittanning, Pa
July 2,1882
National Bank of Beaver County, New
Nov. 12,1884
Brighton, Pa
Dec. 24,1884
National Bank, Beaver Dam, "Wis
Merchants' National Bank, Cleveland, 0- Dec. 27,1884
Dec. 29,1884
TJnion National Bank, Chicago, 111
Jan. 2,1885
First National Bank, Le Roy, N. Y
Jan. 3,1885Evansville National Bank, Indiana
National Albany Exchange Bank, AlJan. 10,1885
bany.N.Y
National Bank, Galena, 111
Jan. 11,1885
National State Bank, La Fayette, Ind... Jan. 16,1885
First National Bank, Knoxyille, 111
Jan. 16,1885
Farmers' National Bank, Eipley, Ohio.. Jan. 17,1885
City National Bank, Grand Rapids, Mich. Jan. 21,1885
Lee County National Bank, Dixon, 111... I Jan.21,1885
Jan. 25,1885
Fort Wayne National Bank, Ind
National Exchange Bank, Tiffin, Ohio... ! Mar. 1,1885
j Mar. 9,1885
National Bank, Malone, N. Y
Jefferson National Bank, Steubenville, O I Mar.21,1885
First National Bank, Battle Creek, Mich Mar, 28,1885
Mar. 28,1885
Central National Bank, Danville, Ky
Knox County National Bank, Mount
Apr. 1,1885
Yernon, Ohio
First National Bank, Haughton, Mich .. Apr. 18,1885
Apr. 22,1885
National Bank, Fort Edward, N. Y
May 4,1885
National Bank, Salem, N. Y
National Exchange Bank, Seneca Falls,
May 6,1885
NY
Trumbull National Bank, Warren, Ohio.. July 5,1885
Attleborough National Bank, North AtJuly 17,1885
tleborough, Mass
American National Bank, Detroit, Mich. July 24,1885
Aug. 12,1885
First National Bank, Paris, 111
First National Bank, Saint John, Mich.. Aug. 14,1885
Second National Bank, Pontiac, Mich... Sept. 1,1885
Raleigh National Bank North Carolina,
Sept. 5,1885
Raleigh, N. C
Sept. 22,1885
First National Bank, Danville, Ky
Total.




Capital.
Issued.

Retired.

Outstanding.

$200, 000

$199, 500

$134, 360

$65, 140

200,000
50, 000
800, 000
1, 000, 000
150, 000
800, 000

97, 300
41,100
228,100
62, 800
135, 000
543, 050

25, 240
9,060
55, 230
14, 070
38, 690
55, 430

72, 060
32, 040
172, 870
48, 730
96, 310
487,620

70, 240
9, 850
519, 880
7,700
17, 940
11, 540
7,660
41, 970

8, 020
11, 910
21, 780
10, 960
24, 720

173, 660
46, 050
95,120
35, 900
69, 460
33, 460
33, 840
215, 330
42, 480
53,990
110, 820
78, 240
155, 280

300,
100,
300,
60,
100,
300,
100,
350,
125,
200,
150,
100,
200,

000
000
000
000
000
000
000
000
000
000
000
000
000

243, 900
55, 900
615, 000
43, 600
87, 400
45, 000
41, 500
257, 300
50, 500
65, 900
132, 600
89, 200
180, 000

75,
100,
100,
100,

000
000
000
000

53, 200
45, 000
88, 900
86,100

8,000
5,310
16, 490
15, 480

45, 200
39, 690
72,410
70, 620

100, 000
150, 000

88, 400
134, 500

14,400
7,160

74, 000
127, 340

100,
400,
125,
50,
100,

84, 300
251, 500
111, 500
21,000
43, 700

6,000
9,770
4,520
900
1, 590

78, 300
241,730
106, 980
20,100
42,110

123, 900
90, 000

3, 500
6,280

120, 310
83, 720

000
000
000
000
000

400, 000
150, 000

7, 535, 000 4, 436, 650

1,195, 740 3, 240, 910

REPORT OF THE COMPTROLLER OF THE CURRENCY.

139

National banks that have been placed in the hands of receivers, together with their capital,
circulation issued, lawful money deposited with the Treasurer to redeem circulation, the
amount redeemed, and the amount outstanding, on November 1, 1885.

Name and location.

Capital.

Lawful
m o n e y deposited.

Circulation.
Issued.

Redeemed. Outstand-

$44, 000
$43, 736
$44, 000
$50, 000
First National Bank, Attica, N. Y
Yenango National Bank, Franklin, Pa
300, 000
85, 000
85, 000
84, 748
Merchants' National Bank, Washington,
180, 000
179, 259
180, 000
200, 000
D.C
50, 000
40, 000
40, 000
39, 747
First National Bank, Medina, N. Y
100, 000
90, 000
90, 000
89, 624
Tennessee National Bank, Memphis, Tenn.
First National Bank, Selma, Ala
100, 000
85, 000
85, 000
84, 547
First National Bank, New Orleans, La
500, 000
180, 000
180, 000
178, 680
National Unadilla Bank, Unadilla, N. Y..
120, 000
100, 000
100, 000
99, 744
Farmers and Citizens' National Bank,
253, 900
252, 520
253, 900
300, 000
Brooklyn, N. T
200, 000
180,000
180, 000
179, 580
Croton National Bank, New York, N. Y..
First National Bank, Bethel, Conn
60, 000
26, 300
26, 300
26, 089
First National Bank, Keokuk, Iowa
100, 000
90, 000
90, 000
89, 569
National Bank of Vicksburg, Miss
50, 000
25, 500
25, 500
25, 419
First National Bank, Rockford, 111
50, 000
45, 000
45, 000
44, 663
First National Bank of Nevada, * Austin,
129, 700
128, 546
129, 700
250, 000
Nev
Ocean National Bank, New York, N. Y... 1, 000, 000
800, 000
800, 000
790, 457
Union Square National Bank, New York,
49, 634
50, 000
50, 000
200, 000
N. Y . .
liighth National Bank, New York, N. Y...
250, 000
243, 393
243,393
240, 459
Fourth National Bank, Philadelphia, Pa...
200, 000
179, 000
179, 000
177, 025
Waverly National Bank, Waverly, N. Y...
106,100
71,000
71, 000
69, 893
First National Bank, Fort Smith", Ark
50, 000
45, 000
45, 000
44, 455
Scandinavian National Bank, Chicago, 111..
250,000
135, 000
135, 000
134, 315
Walkill National Bank, Middletown, N. Y.
175, 000
118, 900
118, 900
117, 249
Crescent City National Bank, New Orleans,
445, 715
450, 000
450, 000
500, COO
La
Atlantic National Bank, New York, N. Y.
300, 000
100,000
100, 000
98, 483
First Natioual Bank, Washington, D. C
500, 000
450, 000
450, 000
439,114
National Bank of Commonwealth, New
234, 000
229, 579
750, 000
York,N.Y
|
234, 000
Merchants' National Bank, Petersburg, Va|
400, 000
360, 000
360, 000
352, 445
First National Bank, Petersburg, Va.~
i
200, 000
179, 200
179, 200
174,880
First National Bank, Mansfield, Ohio
|
100, 000
90, 000
90, 000
88, 122
New Orleans National Banking Associa- j
360, 000
353,000
tion, New Orleans, La
i
600, 000
360, 000
First National Bank, Carlisle, Pa
50, 000
45, 000
45, 000
44,110
First National Bank, Anderson, Ind
!
50, 000
45, 000
45, 000
43, 936
First National Bank, Topeka, Kans
\
100, 000
90, 000
90, 000
88, 169
First National Bank, Norfolk, Va
j
100, 000
95, 000
95, 000
92, 085
Gibson County National Bank, Princeton, I
43,165
43, 800
50, 000
43, 800
Ind
..!
First National Bank of Utah, Salt Lake !
134, 991
132, 747
150, 000
134, 991
City, Utah
.1
500, 000
315, 900
315, 900
311,053
Cook County National Bank, Chicago, 111.
First National Bank, Tiffin, Ohio
I
100, 000
68, 850
68, 850
67, 070
Charlottesville National Bank, Charlottes- !
146, 585
141, 895
200, 000
146, 585
yille, V a . . . .
!
150, 000
45, 000
45, 000
43, 930
Miners' National Bank, Georgetown, Colo.!
Fourth National Bank, Chicago, 111
'•
200, 000
180, 000
180, 000
175, 405
30, 000
27, 000
27, 000
24, 980
First National Bank, Bedford, Iowa
|
50, 000
45, 000
45, 000
44, 000
First National Bank, Osceola, Iowa
!
100, 000
90, 000
90, 000
88, 636
First National Bank, Duluth, Minn
|
First National Bank, La Crosse, Wis
!
50, 000
45, 000
4 5,000
43, 618
City National Bank, Chicago, 111
! 250, 000
225, 000
225, 000
219,486
75, 000
67, 500
64, 241
67, 500
Watkins National Bank, Watkins, N. Y.J
60, 000
52, 200
52, 200
51,123
First National Bank, Wichita, Kans
!
First National Bank, Greenfield, Ohio
!
50, 000
50, 000
50, 000
48, 529
National Bank of Fishkill, N. Y
|
200, 000
177, 200
177, 200
167, 253
First National Bank, Franklin, Ind
j
132, 000
130, 992
130, 992
124, 422
Northumberland County National Bank,
Shamokin, Pa
67, 000
60, 300
56, 870
60, 300
First National Bank, Winchester, 111
50, 000
45, 000
45, flOO
42, 587
National Exchange Bank, Minneapolis,
Minn
."
90, 000
81, 900
100, 000
90, 000
National Bank of State of Missouri, Saint
Louis, Mo
2, 500, 000 1, 658, 800 1, 693, 660 1, 657, 670
First National Bank, Delphi, Ind
50, 000
45, 000
45, 000
42, 990
First National Bank, Georgetown, Colo...
75, 000
45, 000
45, 000
42, 070
Lock Haven National Bank, Lock Haven,
Pa
64,103
120, 000
71, 200
71, 200
Third National Bank, Chicago, 111
750, 000
516, 840
597, 840
517, 602
Central National Bank, Chicago, 111
200, 000
45, 000
45, 000
41, 803
First National Bank, Kansas City, Mo
500, 000
44, 940
44, 940
38, 610



$264
252
741
253
376
453
1,320
256
1,380
420
211
431
81
337
1,154
9,543
366
2,934
1,975
1,107
545
685
1,651
4,285
1,517
10, 886
4,421
7,555
4,340
1,878
7,000
890
1,064
1,831
2,315
635
2,244
4,847
1,780
4,690
1,070
4,595
2,020
1,000
1,364
1,382
5,514
3,259
1,077
1,471
9,947
6,570
3,430
2,413
8,100
35, 990
2,010
2,930
7,097
80, 238
3,197
6,330

140

REPORT OF THE COMPTROLLER OF THE CURRENCY.
National banks that have been placed in the hands of receivers, $c.—Continued.

Name and location.

Commercial National Bank, Kansas City,
Mo
".
First National Bank, Ashland, Pa
First National Bank, Tarrytown, N. T
First National Bank, Allentown, Pa
First National Bank, Waynesburg, Pa
Washington County National Bank, Greenwich, N. Y
First National Bank, Dallas, Tex
People's National Bank, Helena, Mont
First National Bank, Bozeman, Mont
Merchants' National Bank, Fort Scott,
Kans
Farmers' National Bank, Platte City, Mo.
First National Bank, Warrensburgb, Mo..
Germ an-American National Bank, Washington, i >. C
German National Bank, Chicago, Til
Commercial National Bank, Saratoga
Springs, N. Y
Second National Bank, Scranton, Pa
National Bank of Poultney, Vt
First National Bzaik, Monticello, Ind
First National Bank, Butler, Pa
First National Bank, Meadville, Pa
First National Bank, Newark, N. J
First National Bank, Brattleboro1, Vt
Mechanics' National Bank, Newark, N. J .
First National Bank, Buffalo, N. Y.
Pacific National Bank, Boston, Mass.
First National Bank, Union Mills, Pa
Vermont National Bank, Saint Albans, Vt.
First National Bank, Leadville, Colo
City National Bank, Lawrenceburg, Ind ..
First National Bank, Saint Albans, Vt....
First National Bank, Monmontb, 111
Marine National Bank, New York, N. Y..
Hot Springs National Bank, Hot Springs,
Ark
Richmond National Bank, Richmond, Ind.
First National Bank, Livingston, Mont ...
First National Bank, Albion, N. Y
First National Bank, Jamestown, Dak
Logan National Bank, West Liberty, Ohio.
Middletown National Bank, Middletown,
N. Y
Farmers' National Bank, Bushnell, 111
Schoharie County National Bank, Schoharie. N. Y
Exchange National Bank, Norfolk, Va




Capital.

Lawful
money deposited.

Circulation.
Issued.

Redeemed. Outstanding.

$100, 000
112,500
100,000
250, 000
100, 000

$44, 500
75, 554
89, 200
78, 641
69, 343

$44, 500
75, 554
89, 200
78, 641
69, 345

$39, 892
65, 807
81,131
70, 463
68, 070

$4,«08
9,747
8,069
8,178
1,275

200, 000
50, 000
100, 000
50, 000

114,220
29, 800
89, 300
44, 400

114,220
29, 800
89, 300
44, 400

105, 084
28, 060
79, 975
42, 420

9,136
1,740
9,325
1,980

50, 000
50, OUO
100, 000

45, 000
27, 000
45, U00

45, 000
27, 000
45, 000

42, 920
25, 480
42, 821

2,080
1,520
2,179

130, 000
500, 000

62, 500
42, 795

62, 500
42, 795

60, 780
34, 085

1,720
8,710

100, 000
200, 000
100, 000
50, 000
50, 000
100, 000
300, 000
300, 000
500, 000
100, OUO
961, 300
50, 000
200, 000
60, 000
100, 000
100, 000
75, 000
400, 000

86, 900 1
91,465
90, 000
27, 000
58,165
89, 500
32(5, 643
90, 000
344, 750
75, 000
408, 000
34, 000
65, 200
53, 000
77, 000
89, 980
27, 000
129,100

86,900
91, 465
90, 000
27, 000
71, 165
89, 500
326, 643
90, 000
450, 000
99, 500
450, 000
45, 000
65, 200
53, 000
77, 000
89, 980
27, 000
260,100

82, 001
78, 968
82, 887
25, 024
57, 470
73, 422
281,516
70,117
344,813
77,185
391,769
30,185
41, 767
27, 585
27,565
46, 258
9,120
140, 081

4,899
12,497
7,113
1,976
13, 695
16,<*78
45,127
19, 883
105,187
22, 315
58, 231
14, 815
23, 433
25,415
49,435
43, 722
17, 880
120, 019

50, 000
250, 000
50, 000
100, 000
50, 000
50, 000

40, 850
113,900
11,240
90. 000
18, 650
.7, 000

40, 850
158, 900
11, 240
90, 000
18, 650
23, 400

12, 480
61, 996
3,360
36, 559
6,662
6,685

28,370
96, 904
7,880
53,441
11, 988
16, 715

200, 000
50, 000
50, OUO

75, 000
20, 000
27,100

176, 000
45, 000
38, 350

68, 672
11, 592
9,505

107, 328
33,408
28,845

300, 000

138, 200

228,200

52,118

176,082

21, 858, 900 13, 723, 889 14, 455,149 12, 942, 284 1, 512, 865

REPORT OF THE COMPTROLLER OF THE CURRENCY.

141

naolvent national banks, with date of appointment of receivers, amount of capital stock and
claims proved, and rate of dividends paid to creditors.
¥ame and location of bank.

First National Bank of Attica, N. Y.
Yenango National Bank of Franklin, Pa.
Merchants' National Bank of Washington, D. C.
First National Bank of Medina,
N. Y.
Tennessee National Bank of Memphis, Tenn.
First National Bank of Selma, Ala .
First National Bank of New Orleans, La.
National Unadilla Bank, Unadilla,
N.Y.
Farmers and Citizens' National
Bank of Brooklyn, N. Y.
Croton National Bank of New York,
N.Y.
First National Bank of Bethel,
Conn.
First National Bank of Keoknk,
Iowa.
National Bank of Vicksburg, Miss.
First National Bank of Kockford,
El.
First National Bank of Nevada,
Austin, Nev.
Ocean National Bank of New York,
N.Y.
Union Square National Bank of
New York, N. Y.

Receiver ap- Capital
stock.
pointed.

Proved
claims.

Apr. 14,18G5
May 1,1866

$50, 000
300, 000

$122, 089
434, 531.

May 8,1866

200, 000

Dividends
paid.

Remarks.

Pr.cent.
58
Finally closed.
23.37 Finally closed; 8.37
since last report,
669, 513
24.7
Finally closed.

Mar. 13,1867

50, 000

82,338

Mar. 21,1867

100,000

376, 932

Apr. 30,1867
May 20,1867

100,000 289, 467
500, 000 |1,119, 313

46.6
79

Finally closed.
Finally closed.

127, 801

45.9

Finally closed.

96

Finally closed.

Aug. 20,1867

120, 000

Sept. 6,1867

300, 000 1,191, 500

Oct. 1,1867

200, 000

170, 752

Feb. 28,1868

60, 000

68, 986

Mar. 3,1868

100, 000

205, 256

Apr. 24,1868
Mar. 15,1869

50, 000
50, 000

33, 562

39.15

Finally closed.
Finally closed.

88.5

Finally closed.

100

Finally closed.

m

Finally closed.

49.2
41.9

Finally closed.
Finally closed.

92.7

Finally closed.

69, 874
Oct. 14,1869

250, 000
170, 012

Dec. 15,1871

200, 000

Eighth National Bank of New Dec. 15,1871
York, N. Y.
Fourth National Bank of Philadel- Dec. 20,1871
phia. Pa.
Waverly National Bank of Wav- Apr. 23,1872
erly, N. Y.

250,000

378,772

100

Finally closed; 46 per
cent, of interest paid.
Finally closed ; 10 per
cent, paid to stockholders.
Finally closed.

200, 000

645, 558

100

Finally closed.

106,100

79, 864

100

2,1872

50, 000

15,142

100

Finally closed; 32.5
per cent, paid to
stockholders.
Finally closed; 13 per
cent, paid to stockholders.

1, 282, 254

Merchants' National B a n k of
Petersburg, Ya.
First National Bank of Petersburg,
Ya.
First National Bank of Mansfield,
Ohio.
New Orleans National Banking
Association, New Orleans, La.
First National Bank of Carlisle,
Pa.
First National Bank of Anderson,
Ind.
First National Bank of Topeka,
Kans.
First National Bank of Norfolk, Va.
Gibson County National Bank of
Princeton, Ind
First National Bank of Utah, Salt
Lake City, Utah.
Cook County National Bank of
Chicago, III.
First National Bank of Tiffin, Ohio.




100
157, 120

First National Bank of Fort Smith, M a y
Ark.
Scandinavian National Bank of
Chicago, 111.
Wall kill National Bank of Middletown, N. Y.
Crescent City National Bank of
New Orleans, La.
Atlantic National Bank of New
York, N. Y.
First National Bank of Washington, D. C.
National Bank of the Commonwealth, New York, N.Y.

100

Dec. 13,1871 1, 000, 000

Dec. 12,1872

250, 000

249,174

50

Dec. 31,1872

175, 000

171, 468

100

Mar. 18,1873

500, 000

657,020

Apr. 28,1873

300, 000

574, 513

100

Sept. 19,1873

500, 000 1, 619, 965

100

Sept. 22,1873

750, 000

796, 995

100

Sept 25,1873

400,000

992,636

34

Finally closed; 35.8
per cent, paid to
stockholders.
Finally closed.

Sept. 25,1873

200, 000

167,285

76

Finally closed.

Oct. 18,1873

100, 000

175, 068

57.5

Finally closed.

Oct. 23,1873

600,000 1,429, 595

62

84.83

Finally closed; 30 per
cent, of interest paid.
Finally closed.
Finally closed; 50 per
cent, of interest paid.
Finally closed.

50, 000

67, 292

73.5

2 per cent since last
report.
Finally closed.

Nov. 23,1873

50,000

143,765

39.5

14.5 since last report

Dec. 16,1873

100, 000

55,372

58.3

Finally closed.

June 3,1874
Nov. 28,1874

100, 000
50, 000

176, 330
62,646

57.5
100

Finally closed.
Finally closed.

Dec. 10,1874

150, 000

93,021

24.391 Finally closed.

Feb.

500,000 1,795,992

14.941 Finally closed.

Oct. 24,1873

1,1875

Oot. 22,1875

100,000

237,824

Finally closed.

142

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Insolvent national banks, ivith date of appointment of receivers, $c.—Continued.

Name and location of bank.

Receiver ap- Capital
pointed.
stock.

Charlotteaville National Bank of | Oct. 28,1875
Charlottesville, Va.
i
Miners' National Bank of George- ! Jan. 24,1876
town, Colo.
I
Fourth National Bank of Chicago, ! Feb. 1,1876
111.*
First National Bank of Bedford, j Feb. 1,1876
Iowa.
First National Bank of Osceola, Feb. 25,1876
Iowa.
First National Bank of Duluth, Mar. 13,1876
Minn.
First National Bank of LaCrosse, Apr. 11,1876
Wis.
City National Bank of Chicago, 111. May 17,1876
Watkins National Bank of Wat- July 12,1876
kins, N. Y.
First National Bank of Wichita,
Kans.
First National Bank of Greenfield,
Ohio.*
National Bank of Fishkill, Fishkill,
N.Y.
First National Bank of Franklin,
Ind.
Northumberland County National
Bank of Shamokin, Pa.
First National Bank of Winchester,
HI.
National Exchange Bank of Minneapolis, Minn.
National Bank of the State of Missouri, Saint Louis, Mo.
First National Bank of Delphi, Ind.
First National Bank of Georgetown, Colo.
Lock Haven National Bank of
Lock Haven, Pa.
Third National Bank of Chicago,
111.
Central National Bank of Chicago,
111.
First National Bank of Kansas
City, Mo.
Commercial National Bank of Kansas City, Mo.

Proved
claims.

Dividends
paid.

Pr.cent.
$200, 000 $351, 847 62
150, 000

177, 512 76.5

200, 000

35, 801 50
56, 457 22.5

Finally closed.

50, 000

34, 535 100

100, 000

87, 786 100

Finally closed.
Finally closed; interest paid in full.
Finally closed.

50, 000
250, 000
75, 000

135, 952 48.4
703, 658 77. 512
59, 226 100

60, 000

97, 464 70

Dec. 12,1876

50, 000

35, 023 27

Jan. 27,1877

200, 000

352, 062 100

Feb. 13,1877

132, 000

Mar. 12,1877

67, 000

175, 952 81.59

Mar. 16,1877

50, 000

143, 300 68.6

May 24,1877

100, 000

184,457 100

227, 355 88. 889

June 23,1877 2, 500, 000 1,935,721 100
July 20,1877
50, 000 133,312 100
Aug. 18,1877

75, 000

Aug. 20,1877

120, 000

196, 356
254, 647 100

Nov. 24,1877

750, 000 1, 061, 598 100

Dec.

200, 000

298, 324

Feb. 11,1878

500, 000

392, 394 100

100, 000

75,175 100

Feb. 28,1878

112, 500

33,105 100

Mar. 23,1878

100, 000

118, 371 90.5

Apr. 15,1878

250, 000

90, 424 88

First National Bank of Waynes - May 15,1878
burg, Pa.*
Pa.*
b
P
Washington County National Bank J u n e 8,1878
Washington
of Greenwich, N. Y.
,
First National Bank of Dallas, Tex. | June 8,1878

100, 000

33, 362 60

200, 000

262, 887 100

People's National Bank of Helena,
Mont.
First National Bank of Bozeman,
Mont.
Merchants' National Bank of Fort
Scott, Kans.*
Farmers' National Bank of Platte
City, Mo.

50, 000

77,104 38.1

Sept. 13,1878

100, 000

168, 048 40

Sept. 14,1878 j

50,000

Finally closed.
Finally closed; 38.5 per
cent, of interest paid.
Finally closed; interest paid in fall.
Finally closed.
Finally closed.
Finally .closed.
Interest paid in full.
Finally closed; interest paid in full.
Finally closed; 15.1483
since last report.
Finally closed.
Interest paid in full.

Sept. 25,1878 |

27, 801 60

Oct. 1,1878

50, 000

32, 449 100

Finally closed.
Finally closed; 37.165
per cent, paid to
stockholders.
Finally closed.
Finally closed.
Finally closed; 3 per
cent, since last report.
20 per cent, since last
report.
Finally closed.
Finally closed; 1.1 per
cent, since last report.

69, 631 85

50,000

First National Bank of Warrens- Nov. 1,1878 100, 000 156, 260 100
burg, Mo.
German American National Bank Nov. 1,1878 130, 000 282,370 50
of Washington, D. C.
* Formerly in voluntary liquidation.



Finally closed; .512
since last report.
Finally closed; 13 per
cent, paid to stockholders.
Finally closed.

60

Feb. 11,1878

First National Bank of Ashland,
Pa.*
First National Bank of Tarry town,
N.Y.
irst National Bank of Allentown,
Pa.*

Finally closed.

30, 000

Sept. 23,1876

1,1877

Remarks.

Finally closed.
Finally closed; 18 per
cent, paid to stockholders.
Finally closed; interest paid in full.

REPORT OF THE COMPTROLLER OF THE CURRENCY.

143

Insolvent nationat banks, with date of appointment of receivers, <fc.—Continued.
I Receiver ap- j Capital
pointed, j stock.

Name and location of bank.

German National Bank of Chicago,
TIL*

Dec. 20,1878

10,000

Commercial National Bank of Feb. 11,1879 j 100, 000
Saratoga Springs, N. Y.
Second National Bank of Scranton, Mar. 15,1879 200,000
Pa.*
!
i

National Bank of Poultney, Vt

j Apr. 7,1879

First National Bank of Monticello,
Ind.
First National Bank of Butler, P a . .
First National Bank of Meadville,
Pa.
First National Bank of Newark,
N. J.
First National Bank of Brattleboro', Vt.
Mechanics' National Bank of Newark, N. J.
First National Bank of Buffalo, N.
Y.
Pacific National Bank of Boston,
Mass.
First National Bank of Union Mills,
Onion City, Pa.
Vermont National Bank of Saint
Albans, Vt.
First National Bank of Leadville,
Colo.
City National Bank of Lawrenceburg, Ind.*
First National Bank of Saint Albans, Vt.
First National Bank of Monmouth.
111.
Marine National Bank of New
York, N. Y.
Hot Springs National Bank of Hot
Springs, Ark.
Richmond National Bank of Richmond, Ind.
First National Bank of Livingston,
Mont.
First National Bank of Albion,
N. Y.
First National Bank of Jamestown,
Dak.
Logan National Bank of West Liberty, Ohio.
Middletown National Bank of Middletown, N. Y.
Farmers' National Bank of Bushnell, 111.
Schoharie County National Bank
of Schoharie, N. Y.
Exchange National Bank of Norfolk, Va.
Totals.




100, 000

Proved
claims.

Dividends
paid.

Remarks.

\Pr.cent.
$197,353 100
Finally closed; 42.3
per cent, of interest
paid.
j 128, 832 !l00
Finally closed; interest paid in full.
j 132,461 100
50 per cent, of interest
paid since last report.
31, 801 100
Finally closed; interest paid in full.
21,182 98
Finally closed.

July 18,1879

50,000

July 23,1879
June 9,1880

50, 000
100, 000

108, 385 70
93, 625 100

June 14,1880

300, 000

580, 592 100

June 19,1880

300, 000

104, 749 100

Nov. 2,1881

500, 000 2, 703, 285

60

Apr. 22,1882

100, 000

891, 431

38

May 22,1882

961, 300 2, 330, 990

15

Finally closed; interest paid in full.
Finally closed; interest paid in full.
Finally closed; interest paid in full.
5 per cent, since last
report.
5 per cent, since last
report.
10 per cent, since last
report.
30 per cent, since last
report.
5 per cent, since last
report.

Mar. 24,1883

50, 000

186, 993

60

Aug. 9,1883

200, 000

401, 492

42.5

Jan. 24,1884

60, 000

189, 618

25

Mar. 11,1884

loo, oooj

Apr. 22,1884

100, 000]

282, 384

12.5

Since last report.

Apr. 22,1884

75, 000

230, 671

90

400,000' 4,463,578

40

20 per cent, since last
report.
15 per cent, since last
report.
40 per cent, since last
report.
Since last report.

May 13,1884
June 2,1884

50, 000

July 23,1884

250, 000

38, 951

70
322, 515

Aug. 25,1884

50, 000

18, 091

Aug. 26,1884

100,000;

153, 229

Sept. 13,1884

50, OOOj

8,131

Oct. 18,1884

50, 000

77, 598

30

Nov. 29,1884

200, 000

636, 482

40

Dec. 17,1884

50, 000

77, 290

40

Mar. 23,1885

50, 000

137, 315

20

300, 000 2, 812, 906

20

Apr. 9,1885

21, 858,900 43,162, 549

* Formerly in voluntary liquidation.

100 per cent, and interest in full since last
report.
Since last report.

144

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Classification of the loans and discounts of the national banks in New York City, in Boston,
Philadelphia^ and Baltimore, in the other reserve cities, and in the States and Territories,
on October 1,1835.'
Cities, States, and
Territories.

On singleNo. of
banks. name paper.
44

New York City
Boston
Philadelphia
Baltimore

$25, 331, 820

On XT. S.
bonds.
286,124

On other
stocks.

All other
loans.

$80, 687, 265 $127, 518, 389

Total

$236, 823, 598

19,654,817
8, 957, 740
6,193, 697

Totals

105

Albany
Pittsburgh
Washington
New Orlean3
Louisville
Cincinnati
Cleveland
Chicago
Detroit
Milwaukee
St. Louis
Ban Francisco

111,829
66, 466
11,900

17, 559,160
12, 300, 258
3, 297, 901

87, 950, 446
46, 021, 061
16, 298, 996

125, 276, 252
67, 345, 525
25, 802, 494

34, 806 254

190,195

33,157, 319

150, 270, 503

218, 424, 271

1,080

2, 073, 615
1, 897, 658
442, 328
2,180,731
331, 381
2, 562, 567
1, 255,193
10, 967, 875
1,081,401
999, 501
1,197, 060
431, 782

4, 653, 733
21, 572, 649
1,713,373
7, 333, 398
7, 387, 970
12, 695, 212
9, 405,175
24, 761, 567
7,017,743
2, 438, 095
7, 473, 788
496, 256

25, 421, 092

106, 948, 959

837, 706
1, 021, 824
315,117
5,124, 328
665, 702
2, 523, 973
6, 447, 882
3, 915, 963
1, 480, 741
6,500
184,110
123, 845
440, 787
9,450
64, 784
303, 591
640,160
35,139
386, 574
79,172
4,888
404,100
46,196
257, 230
2, 026, 748
976, 075
785, 320
1,041,472
320,216
172, 332
455,123
1,235,955
277, 599
102, 230
354, 574
247, 502
20,498
303,428
397
124, 87 L
6,684
85, 952
40,174
59, 271
77,811
2,937

14, 780, 744
6, 663, 006
9, 478, 501
66, 487, 421
24, 880,147
32,150, 612
70, 753, 658
23, 239, 058
59, 399, 374
3, 806, 072
5, 092, 479

567, 057,152

397, C89
1, 344, 386
5, 576
151, 631
4, 365
3, 268, 373
855, 921
10, 226, 583
404, 473
508,128
123, 550
1,189, 558

Totals

18, 480, 233

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
Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming

71
48
47
195
61
84
267
72
228
15
27
1
24
21
15
14
16
5
10

59
32
183
90
153
97
47
125
49
36
74
75
25
1
16
9
41
4
15

954, 206
647,112
597, 321
14,451,073
5, 428, 897
5, 823, 219
6, 360, 935
2,131, 600
4, 334, 621
92, 695
418, 923

31,205
900
130, 550
33, 400
388, 019
585,154

7
1,675
152, 144
27, 544
100
3,475
91, 780
56,447
44, 750
100
2,137

379, 236
83, 977
310, 236
136, 476
469, 917
48, 565
409, 712
203, 629
2, 330, 286
103, 894
821, 746
2,163, 480
3, 372, 875
2,436, 643
5, 579,182
3, 466, 249
1,243,139
3, 603, 549
9, 835, 243
1,044.511
1,412,569
2, 521, 332
2, 432, 813
114, 041
1, 602, 736
958, 448
535, 072
73,161
1, 896,106
421, 753
567, 588
359, 696
695, 318

20,000

7,000
6,150
1,645
4,050
9,249
2,500
5,175
2,800
1,604
5,000
2,000
*i6,"906

4,158

Totals

2,467

92, 873, 780

504,134

34, 036, 931

United States...

2,714

171,492, 087

4, 565, 607

173,302, 607




8, 600, 809
3,492, 931
4, 249, 468
4, 083, 915
4,172,141
545, 750
2,440, 538
750, 231
126, 055
10,321,970
1,634,401.
13, 685,138
7, 277,107
36, 308,117
19, 979, 381
24, 013, 330
17, 535, 443
8,155, 255
16,956,513
17, 002, 761
5, 895, 555
9, 094, 550
12, 336, 849
4, 812, 634
110, 200
4, 067, 274
1, 234, 751
3, 252,491
258,117
3,400, 468
935, 350
712, 017
1, 548, 800
1,139, 080

7,126,117
24, 814, 693
2,192,482
9, (565, 760
7, 724, 616
18,656,702
11,516,289
45, 989, 425
8,503,617
3, 945, 724
9,182, 417
2,117,596
151,435,438
8, 333, 617
10, 543, 083
86, 090, 366
30, 974, 846
40, 501, 27»
83, 654, 255
29, 343, 068
65, 259,486
3, 905, 367
5, 695, 512
322, 672
9,420, 832
3, 586, 358
4, 624, 488
4, 543, 982
5, 282,218
629, 454
3, 2H6, 824
1, 033, 032
130,943
13, 087, 251
1, 791,491
14, 770, 264
11,468,980
40,661,117
23, 210, 593
30, 636, 484
21, 321, 908
9, 570, 726
21, 020, 360
28, 076, 759
7, 217, 665
10, 610, 953
15,217, 755
7, 492,949
244, 739
5, 975,438
2,193, 596
3, 929, 340
337, 962
5, 382, 526
1, 397,277
1,338,876
1, 990,465
1, 837,335
694,471,997

951, 795, 003 1, 301,155, 304

REPORT OF THE COMPTROLLER OF THE CURRENCY.

145

Liabilities of the national banks, and the reserve required and held at three dates in each
year from 1882 to 1885.
STATES AND TERRITORIES EXCLUSIVE OF RESERVE CITIES.
Reserve held.

Date.

i No. of \ N e t dei banks. posits.

Classification of reserve.

Reserve j

] Amount.

Specie.

May 19,1882 I
J u l y 1,1882
Oct. 3,1882

Millions. Percent.
! Millions. Millions.
77.9 !
154.7
1,981 j
519.2
29.8
79.1 !
151.9
1, 996 j
527. 6
28.8
81.9 I
150.4
2, 026 i
545. 8
27.5

May 1,1883
June22,1883 I
Oct. 2,1883 '

2,128 i
2,16!) !
2,253 I

556. 3
560.7
577.9

83.4 !
• 84.1 i
86.7

118.9
157.7
157.5

26.7
28.1
27.2

Apr. 24,1884 !
J a n e 20,1884
Sept. 30,1884 |

2,340 !
2,376 i
2,417 |

576. 0
544.7 i
535.8 i

86.4 |
81.7 i
80.4 I

162.5
146. 0
156.3

540.3 J
552.2
570.8 |

81.1
82.8

171.0
170. 3
177.5

May
July
Oct.

6, 1885 I 2, 432
1,1885 j 2, 442
1,1885 i 2,467

85.6 I

Other
lawful
money.

Due

Redemp-

frotn I
agents, j

tioD
fund.

Millions. Millions. Millions. Millions.
30.0
28.7 '< 84.7
11.3
30.1
27.5 i
83.2
11.1
30.0
30. 0 1
80.1
11.3
31.4
31.1
31.2

31.0
29.6
30.8

75.2
85.8
84.1

26.8
29.2

36.4
35.2

31.5
32.0
30.9

83.7 j
66.8 I
79.7 !

10.9
10.7
10.5

31.6
30.8
31.1

40.7
40.1
41.5

30.2
28.1
29.9

90.0
92.1
95.9

10.1
10.0
10.2

9S

9

I

11.3
11.2
11.3

N E W YORK C I T Y .
May 19, 1882
J u l y 1,1882
Oct. 3, 1882

50
50
50

50.5
50.5
44.5

19.0
20.8
18.9

1.0
1.0
1.0

May 1,1883
J u n e 22, 1>83
Oct. 2, 1883

48
48
48

47.3
56.8
50.3

16.5
22.8
19.7

0.8
0.8
0.9

Apr. 24,1884
J u n e 20,1884
Sept. 30, 1884

47
45
44

282. 2
231. 8
254. 9

43.5

63.1 J

24. 9
27.0

0.8
0.7
0.7

May
July
Oct.

44
45
44

297.7
312.7
312.9

96.5 !
96.5 |
91.5 !

26.4
37.5
23.7

0.6
0.6
0.5

6,1885
1,1885
1, 1885

OTHER RESERVE CITIES.
May 19,1882
J u l y 1,1882
Oct. 3, 1882

192
193
193

323.5
327.0
318.8

80.9
81.8
79.7

102. 4
95.9
89.1

31.6
29.3
28.0

30.7
30.2
28.3

28.6
27.0
24.1

39.5
35. 2
33.2

3.6
3.5
3.5

May 1, 1883
J u n e 22, 1883
Oct. 2,1883

199
200
200

314.6
332.0
323. 9

78.7
83.0
81.0

91.8
103.9
100.6

29.2
31.3
31.0

24.9
27.5
26.3

29.2
32.1
30.1

34.1
40.8
40.8

3.6
3.6
3.4

Apr. 24,1884
J u n e 20,18X4
Sept. 30,1884

202
204
203

338.0
302.8
308.0

84.5
75.7
77.0

104.1
91.1
99.0

30.8
30.1
32.2

28.8
29.7
30.3

33.3
29.9
33.3

38.8
28.4
32.3

3.2
3.1
3.1

May
July
Oct.

6,1885
1, 1885
1,1885

202
202
203

346,5
356.5
364,5

86.6
89.1
91.1

124.0
123.4
122. 2

35.8
34.6
33.5

40.2
41.0
41.9

39.9
38.8
35.0

42.4

2.9

May 19,1882
July 1, 1882
Oct. 3,1882

2,223
2,239
2, 269

1,110. 0
1,132. 0
1,118. 6

225. 6
230. 2
225. 1

327.6
319.9
303.9

29.5
28.3
27.2

111.2
110.8
102.8

76.3
75.1
72.0

124.2
118.4
113.3

15.9
15.6
15.8

May 1,1883
June 22, 1883
Oct. 2,1883

2,375
2,417
2,501

1,124. 6
1,172.0
1, Ib8. 7

225. 5
236. 9
234. 4

305.3
342.1
328.9

27.1
29.2
28.1

103. 6
115.4
107.8

76.7
84.5
80-6

109.3
126. 6
124. 9

15.7
15.6
15.6

Apr. 24,1884
June 20, 1884
Sept. 30,1884

2, 589
2, 625
2,664

1,196. 2
1, 079. 3
1, 098. 7

241. 4
215. 3
221. 1

341.8
306. 2
346.1

28.6
28.4
31.6

114.7
109.6
128.6

89.7
86.8
91. 2.

122.5
95.2
112.0

14.9
14.5
14.3

May
July
Oct.

2,678
2,689
2,714

1,184. 5
1, 221. 4
1, 248. 2

242. 1
250. 1
254. 9

418.5
426.5
415.4

35.3
34.9
33.3

177.4
177.6
174.9

96.5
102.0
88.6

130.9
132. 8
138.3

13.7
13.5
13.6

40.9
40.7

3.0
2.9

SUMMARY

6, 1885
1, 1885
1,1885

5745 CUR



10

146

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Dividends and earnings of the naiional banks, arranged by geographical divisions, for semiannual periods from September 1, 1&76, to September 1, 1H85.
Ratios.
No.
of
banks

Geographical divisions.

Sept., 1876. to March. 1877:
New England States...
Middle States
Southern States
Western States
Totals

Capital.

Surplus.

Dividends.

N e t earnings.

4.4

35

3.1

3, 744, 799
6,1*5,157
1, 207, 343
4, 136,729

3.7
4.1
4.0
6.9

29
3.2
3.4
5.5

1.8
2.6
3.2
3.3

22,117,116 15, 274. 028

4.5

3. 6

2.5

4, 985, 926
6, 283, 445
1, 174, 220
4,503, 105

3.5
4.1
3.8
4.7

2.9
3.2
3.2
3.7

2.4
2.7
3.1
3.7

18, 982, 390 16,946,696

4.0

3.2

2.8

3, 846,183
4, 999, 505
951, 995
3,861,210

3.3
3.8
3.5
4.9

2.7
2.9
3.0
4.0

1.9
2.2
26
3.2

17, 959, 223 13, 658, 893

3.8

3.0

2.3

3, 658, 989
5, 826, 662
961,734
4,231,275

3. 2
4.0
3.5
4.6

2.6
3.1
3.0
3.6

1.8
2.6
2.7
3.6

17, 541, 054 14, 678, 660

3.8

3.0

2.5

4. 761, 422
7,128, 979
979, 496
4, 003, 303

3.2
3.9
3.5
4.8

2.6
3.0
3.0
3.9

2.4
3.2
2.7
3.5

17,401,867 16,873,200

3.8

3.1

3.0

5,610.287
9. 220, 826
1,278,695
5, 042, 976

3.3
4.2
4.1
4.8

2.7
3.2
3.5
3.8

2.8
4.2
3.6
4.5

18,121,273 21,152, 784

4.0

3.2 |

3.7

3.5
4.2
3.7
4.7

2.9
3.2
3.2
3.7

3.6
4.1
4.0
4.8

4.0

3.2

4.2

6, 757, 787
9,162,771
1. 905, 600
6, 625, 773

3.6
4. I
4.2
5.3

2.9
3.1
3.5
4.2

3.3
4.1
5.2
5.8

18,877,517 2 4 . 4.r»2, 0 2 1

4.1

3.3

4.2

21, 803, 9f>9 19, 592, 962

Totals
Sept., 1878, to March, 1879:
New England States...
Middle, States
Southern States
Western States
Totals
March, 1879, to Sept., 1879:
New England States...
Middle. States
Son them States
Western States
Totals
Sept., 1879. to March, 1880:
New England States...
Middlr States
Southern Slates
Western States
Totals
March, 1880, to Sept., 1880 :
New Enuland States...
Middle States
Southern States
Western States
Totals
Sept.. 1880, to March, 1881:
New England States...
Middle States .*.
Southern Status
Western States
Totals




541
631
175
725
2, 072
544
631
176
722
2,074
543
629
176
699
2,047
544
630
175
694
2,043
542
640
175
688
2,045
546
640
175
685

167,237,820
185,468,951
32, 599, 989
101,018,100

41, 370, 408
51,871,038
5, 571. 8«2
25, 536, 446

486, 324, 860 124,349,254
166,546,320
178,149,931
32,16H, 800
98, 746, 700

40, 560, 405
51.551,601
5,482,012
24, 779. 543

475, 609, 751 122, 373, 561
166,
176,
31.
95,

587, 820
694, 576
491, f00
457, 700

38, 956, 874
50,182, 622
5, 684, 035
23, 863, 603

470,231,896 118,687,134
165,
173,
30,
93,

645,
979,
882,
905,

820
676
800
700

38,037,115
50. 084, 782
5, 240, 054
23,382, 183

464,413,996 116,744,134
164,4*0,120
169, 645, 936
30, 281, 800
90, 754, 200

37,441.984
49, 779. 783
5,198,481
22,729,103

455, 132, 0o6 115,149,351
164,820,020
169. 399, 170
30, 432, 700
89 428, 200

37.869,312
51, 306. 583
5.210. 198
22, 840, 408

2,046 1 454,080,090 117, 226, S01
548
654
176
694

165.
1<9,
30,
89,

380, 242
343, «70
4 3, 700
067, 250

38, 4."0. 297
52, 762, 674
5,516.335
23,416,343

2,072 ! 454,215,062 120, 145.649
550 1 165,623,120
657 170,739,045
178
30, 448, 700
702
90, 034, 000
2,087

38,944,841
53, 530, 248
5,898, 107
24, 102,592

456, 844, 865 122,481,788

Pr.ct. Fr. ct. Pr. ct.
2.9
2.8
3.9
3.9

496, 651, 580 130, 872,165

Totals

Ul

3.1
3.4
3.7
4.1

.. 2, 080

March 1878, to Sept., 1878:
New England States...
Middle States
Southern States
Western States

> c?2

3.9
4.4
4.3
5.3

542
631
175
732

Sept., 1877. to March, 1878:
New England States...
Middle, States
Southei n States
Western States

»S
? a-

5

$6,501,179 $6,128,206
8, 328, 761 6, 787, 978
1, 387, 478 1.470,475
5, 586, 5M 5, 20ti, 303

Totals

am

>«

$168,178, 520 $43,109, 865
190,272,820 53, 430, 368
32, 120,440
5, 6T8, 226
106,079,800 28, 653, 706

March, 1877, to Sept., 1877:
]\'pw England States...
Middle States
Southern States
"Western States

s

6,147, 573
7. 686. 267
1, 299, 476
6, 983, 800

5,403,213
7,261,608
1,217,880
4, 599, 6r9

5, 459, 786
6,674.618
1,115,865
4, 708. 954

5, 295, 347
6. 876, 398
1. 077, 333
4,291,976

5, 257, 526
6, 690, 394
1, 059. 594
4, 397, 353

5, 409, 351
7, 151,166
1,246.470
4,314,286

5,
7,
1,
4,

858, 434
120, 204
139, 203
172, 359

7, 413, 622
9, 805. 448
1,434, J02

5,3^,0/8

18, 290, 200 24, 033, 250
5, 900, 861
6, 974, 934
1,261,398
4, 737, 324

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Dividends and earnings of the national hanks,

147

fyo.—Continued.

Geographical divisions.

March, 1881, to Sept , 1881:
New England States ..
Middle States
Southern States
Western States
Totals

No.
of

Dividends. Net earnings.

C "3
•^ a
« _ , 73

m

Pr. ct. Pr. ct. Pr. ct.
$6, 005. 608 $8,166, 022
7. 558, 407 11,925,784
1 282, 120 2, 300, 624
4, 653, 833 6, 778, 112

3.6
4.4
4. 1
5.1

2.9
3.3
3.4
3.9

4.0
5.3
6.1
5.8

458, 934, 485 127,238,394

19,499,968 29,170, 542

4.3

3.3

5.0

776
278
*82
953

5, 9 "2. 275 7,123,339
7, 367, 409 10, 210, 373
1,333,715 1,981.226
5,261,976 7, 708, 661

3.7
4.3
4.2
5 6

2.9
3.2
3 5
4.3

3.5
4.5
5.1
6.4

460, 354, 485 131.29I.8H9

19,915,375 27, 083, 599

4.3

3.4

4.6

6, 732, 530
9,704,251
2, 0ti2. 960
7, 737, 893

3.5
4.1
4.0
6.5

2.8
3.1
3 2
5. 1

3.3
4.2
5.2
6.0

20, 896, 553 26, 237, 635

4.4

3.4

4.3

6, 200. 443
9, 900, 021
2,198 993
8,133,477

3.5
4.3
4.1
5.1

2.8
3.2
3.3
4. 1

3.0
4.2
5.2
6.0

20, 285,102 26, 432, 934

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

20, 393, 576 17, 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, 19-*, 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

3.4
4. 1
4.2
4.2

2.7
3.0
3.3
3.4

2.1
3 1.
4.5
4.3

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

2,100

555
678
194
770
2,197

Sept.. 1P82. to March, 1883:
New England States .. 557
687
Middle States
207
Southern States
816
Western States
2, 267
Totals
March, 1883, to Sept., 1883:
New England States... 562
698
Middle Slates
224
Southern States
875
Western States
2, 350
Totals
Sept., 1883, to March, 1884:
New England States... 565
715
Middle S ates
248
Southern States
963
Western States
2,491
Totals..
March, 1P84, to Sept., 1884:
New EnLriaud States .. 568
723
Middle States
264
Southern States
1, 027
Western States
2, 582
Totals
Sept.. 1884. to March, 1885:
New England States...
Middle States
..
Southern States
Western States
Totals

Surplus.

550 $165,373,120 $39, 878. 448
660 171,560.315 55,747,501
30 973, 950
181
6, 530. 694
709
91,027, 100 25,081,751

Sept., 1881. to March, 1882:
New England States .. 553
666
Middle States
188
Southern States
730
Western States
2, 137
Totals
March, 1882, to Sept., 1882:
New England States...
Middle States
Southern States
Western States
Totals

Capital.

Divide nds to
capi tal.
Divide nds to
capit al and
surpl us.

Ratios

162. 650. 870
171,488,315
31,672,700
94, 542, 600

165,515,870
173,270,315
32,212,700
102, 948, 830

40.
57,
6,
26.

703,
470,
928.
188,

41,033,296
58, 491, 696
7, 503, 078
26, 542, 862

473,947,715 133", 570, 931
165, 653, 070
174, 375, 472
33. 963, 000
109, 099, 800

41,341,246
62, 118, 694
8, 228, 309
25,881,856

483,091,342 137. 570,105
166,793,070
173, 915, 465
35. 68fc, 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
21), 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, 7.'6, 209
30,108, 955

518, 605 725 147,721,475

567
732
278
I, 07 *

167.
173,
42,
139,

2, 650

522, «99. 715 148,771, 121

March, 1885, to Sept., 1885:
N e w England States . . 562
Middle Stat> s
731
287
Southern States
1, 085
W e s t e r n States

400,
212.
648,
6 J 8,

370
115
400
800

165,668,370
172,907,352
43, 500. (00
H2, 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

5, 729, 842
7, 194,528
1, 289, 362
6, 662, 821

5,819,093
7,542, 146
1,40.5,019
5,518,844

5,861,182
7, 556, 795
1,415,529
5, 560, 070

5, 726, 356
7, «39. 670
1,700, 113
6,016,667

5, 551, 603
7, 089, 673
1,691,520
5,*38,871

5,661,537
7, 156,680
1, 790. 726
5, 82*. 707

4,388,812
7, 474. 752
2, 426. 858
7,310,780

20, 437, 650 21,601,202
5,391.401
6, 953. 332
1,655.261
6,218,477

5.4
5.9

Totals

2, 665

524, 599, 602 146,903,495

20,218,471 22, 024, 295

3.9

3.0

3.3

General averages

2, 222

481,0.70,371

130,440, 555

19, 666, 432 22,174, 983

4.1

3.2

3.6




148

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports of dividends and earnings of national banks

States and Territories.

Maine
2 ! New Hampshire .
3 ' Vermont
41 Massachusetts ...
5j
Boston
6 i Rhode Island
Connecticut
New England States .
New York
New York City ...
Albany
N ew Jersey
Pennsylvania
Philadelphia
Pittsburgh
Delaware
MarylandBaltimore
District of Columbia ..
Washington
Middle States .
Virginia
West Virginia ...
North Carolina ...
South Carolina ...
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans .
Texas
Arkansas
Kentucky
Louisville
Tennessee
Southern States .
Ohio
Cincinnati..
Cleveland ..
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee.
Iowa
Minnesota
Missouri
St. Louis ...
Kansas
Nebraska

Number
of
banks.

United States



Capital and
surplus.

Surplus.

69
48
50
195
54
63

$10, 210, 000 00 $2, 463,328
6,105,000 00
1, 207,094
8,011,000 00
1,616, 102
45, 627, 500 00 13, 720,777
50, 950, 000 00 11, 524,034
20, 540, 050 00
4, 045,9.72
25, 956, 820 00
6,836, 535

567

167, 400, 370 00 41, 413, 826 41 208, 814, 196 4i

267
44
7
69
224
33
23
15
27
17
1
5

35, 170, 410 00
46, 250, 000 00
1, 800, 000 00
12, 053, 350 00
32, 074, 840 00
18, 058, 000 00
10,179, 600 00
1, 823, 985 00
2,711, 700 00
31,713, 260 00
252, 000 00
1,125, 000 00

732

173, 212,145 00

~~24~
21*
15
14
15
3
10
4
1
8
59
4
58
9
33
278

3, 545,300
2,011, 000
2,401, 000
1, 935,000
2, 436,H00
150, 000
1,735, 000
325, 000
100, 000
3, 525,000
6, 034,100
405, 000
9, 458,900
3,551, 500
5, 035,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

42, 648, 400 00

183
12
8
93
151
12
95
5
47
3
121
49
34
6
60
63

Western States .
Colorado
Nevada
California
San Francisco .
Oregon
Arizona
Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
Pacific States and Territories .

Capital stock.

9,108, 688
22, 669,264
1, 400,000
3, 783,638
10, 036,275
234
9, 326,
3, 587,222
670, 000
790, 521
3, 004,663
60, 000
304, 500

61
92
20
82
93
79
14

68
18
00
91
22
58
57
00
32
00
00
00

$12, 673, 328 61
7,312,094 92
9, 627. 102 20
59, 348, 277 82
62, 474, 034 93
24, 586. 002 79
32. 793, 355 14

44, 279,098
68, 919,264
3, 200,000
15, 836,988
42,111, 115
27, 384,234
13, 766,822
2, 493,985
3, 502,221
14,717, 923
312, 000
1, 429,500

68
18
00
91
22
58
57
00
32
00
00
00

64, 741, 008 46 I 237, 953,153 46
1, 335, 087 69
523,108 74
547, 496 84
778, 000 00
855, 790 95
17, 922 70
260,100 00
18, 400 00
7,000 00
1,257, 132 42
1, 932, 907 31
156, 584 52
1,936,318 21
806, 955 29
1, 095,137 23
11,527,941 90
4, 586, 320 36
1, 150, 500 00
705,000 00
3, 691, 751 46
4, 194, 191 59
2, 890, 000 00
2, 238, 127 20
260, 000 00
889,561 47
340, 000 00
2, 293, 472 37
1, 798, 878 87
641,348 16
852,874 15
601,099 99
706, 447 87

.4, 880, 387 69
2, 534,108 74
2, 948, 496 84
2, 713, 000 00
3, 292, 090 95
167, 922 70
1, 995, 100 00
343, 400 00
107, 000 00
4, 782, 132 42
7,967,007 31
561,584 52
11, 395, 218 21
4, 358, 455 29
6,130, 437 23
54,176, 341 90
26, 600, 320 36
9, 750, 500 00
6, 369, 100 00
16,991,251 46
17, 478, 791 59
13, 440.000 00
12, 167, 727 20
2, 910, 000 00
4, 669, 561 47
990,000 00
12, 34X, 472 37
13, 01B, 878 87
3, 706, 348 16
4,102,874 15
4, 496, 099 99
5, 451, 447 87

126, 646, 800 00 j 27, 839, 573 49 154, 486, 373 49
1, 757, 000 00
75, 000 00
2, 050, 000 00
1, 500, 000 00
695. 000 00
150, 000 0U
2, 135,000 00
250, 000 00
1, 650, 000 00
645, 000 00
600. 000 00
960, 000 00
525, 000 00
131

12, 992, 0U0 00

1, 034,500
25, 000
499, 779
228, 850
64, 000
2, 842
464, 673
20. 000
292, 500
136, 575
266, 250
101, 798
112, 000

00
00
96
49
00
19
3=>
00
00
88
00
54
00

3, 248, 770 41

2, 650~| 522, 899, 715~00~ 148, 771,120 67

2 791, 500 00
100, 000 00
2, 549,779 96
1, 728,850 49
759, V00 00
152, 842 19
2, 599,673 35
270,
1,942,
781, 500 00
866, 575 88
1, 061.'^50 00
637. 798 54

ooo oo

000 00
16, 240, 770 41
671, 670, 835 67

REPORT OF THE COMPTROLLER OF THE CURRENCY.

149

in the United States from September 1, 1884, to March 1, 1885.
Eatios.
Dividends.

Net earnings.

Per cent.
4.10
3.73
3.60
3.64
2.82
3. 3L
3.67

Losses.

Per cent.
3.30
3.12
3.00
2.79
2.30
2.77
2.91

Per cent.
2.94
3.66
2.04
2.20
1.36
2.15
2.63

$25, 732 13
15,488 94
12,265 17
103, 590 31
19, 729 04
49, 485 06
39, 998 17

$174,410 46
45, 407 93
145,813 06
739, 868 13
1, 103, 481 60
380, 666 77
352, 006 27

3.38

2.71

2.10

266, 288 82

2, 941, 654 22

3.72
4.47
6.25
4.51
3.82
4.58
3.76
4.82
4.19
3.75
4.00
3.40

2.96
3.00
3.51
3.43
2.91
3.02
2.78
3.53
3.24
2.98
3.23
2.68

2.85
2.86
3.31
3.67
2.73
3.32
5.00
3.57
3.77
3.56
1.48

79, 273 99
145, 722 94
15, 500 00
51, 940 61
113,892 85
10,959 73
10,448 80
4, 860 00
8, 154 77
1, 661 25
3,563 17
1, 078 12

951, 851 45
1,649,177 13
10,017 87
375,411 85
411, 034 04
511,805 32
147, 03 L 16
3, 452 15
28, 364 72
88, 409 35

7, 474, 752 48

4.13

3.01

3.14

447, 056 23

4, 212, 778 08

187,170 10
78, 260 62
108,877 00
89, 361 03
126,521 73
7, 752 35
97,555 84
18, 403 22
4, 530 80
137, 037 28
640,579 70
29, 063 10
470, 763 51
108,374 91
322, 606 31

4.20
3.91
4.47
4.28
3.70
3 00
4.50
5.38
4 00
4.09
5.49
4 44
3.63
3.25
5.30

3.05
3.11
3.64
3.05
2.74
2 68
3.91
5.10
3 74
3.01
4.16
3 20
3.01
2.65
4.35

3.84
3.09
3.69
3.29
3.84
4 62
4.89
5.36
4.23
2.87
8.04
5 18
4.13
2.49
5.26

28, 862 86
4,041 25
8,823 75
4, 690 35
664 38

$418, 200 00
227, 800 00
288, 355 00
1, 658, 653 08
1, 435, 445 00
679, 843 75
953,239 70

$372, 864 13
267, 293 74
196, 690 70
1, 307, 019 98
851,953 21
529, 816 18
863,174 06

5, 661, 536 53

4, 388, 812 00

1, 308, 657 71
2,067,510 00
112,460 00
543,136 00
1, 226, 399 10
826, 675 00
382, 888 00
87, 918 48
113,543 00
439,163 08
10, 080 00
38, 250 00

1,262,034 25
1, 968, 179 04
131, 628 10
524,146 54
1, 547, 475 44
747, 365 75
457, 600 59
124, 780 32
124 918 67
554, 335 62
11,109 43
21,178 73

7,156, 680 37
148, 742 00
78, 730 00
107, 330 00
82, 850 00
90,125 00
4,500 00
78, 000 00
17, 500 00
4, 000 00
144, 000 00
331, 343 33
18,000 00
343, 316 00
115, 5(50 00
226,730 00

Charged off.

Dividend to Dividend to Earnings to
capital and capital and Premiums.
capital.
surplus.
surplus.

41
.1

1
2
3
4
5
6

7
8
9

10
11
12
13
14
15
16

17

18
36, 223 04 19

31, 669 06
17, 542 98
26, 049 80
56,132 68
7, 852 98
1 573 92
15, 439 81
1,561 87

3, 923 58
454 19
375 00
1, 250 00
7, 621 14
20, 231 36
13, 892 71
12, 699 48

122, 538 46
71, 686 21
1 713 86
19, 215 32
62, 416 41
48, 067 01

107,530 05

20
21
22
23

24
V5
,
26
27
?8
29
30

483, 460 37

1, 790, 726 33

2, 426, 857 50

4.20

3.31

4.48

832, 237 46
265, 000 00
129, 000 00
486,010 00
644, 330 00
521, 000 00
479,085 13
122, 5U0 00
179,507 51
42, 000 00
447, 634 45
434, 239 77
108, 650 00
112, 500 00
153, 450 00
229, 920 00

928, 907 20
325, 363 36
136, 646 86
566,281 20
867, 414 24
209, 578 40
527, 243 85
170, 233 28
222, 015 67
12, 907 17
604, 379 22
602,542 61
204,419 32
151, 3h3 06
335, 326 41
406, 529 48

3.78
3.08
2. 26
3.65
4.85
4.94
4.82
4.62
4.75
6.46
4.45
3.87
3.47
3.46
3.94
4.85

3. 13
2.72
2.03
2.86
3.69
3.88
3 94
4.21
3.84
4.24
3.62
3.34
2.87
2.74
3.41
4.22

3.49
3.23
2.15
3.33
4.96
1.56
4.34
5. 85
4.75
1.30
4.90
4.63
5.52
3.69
7.46
7.46

67, 196 96
1, 325 00

5,1^7, 064 32

6, 271,171 33

4.09

3.36

4.06

268, 144 21

1, 981, 314 61

168, 600 00
7, 500 00
92,000 00
60, 000 00
40, 500 00

224, 669 75
8, 481 04
193,519 00
35, 405 89
74, 080 28
2 082 76
102, 858 08
29,351 20
150, 215 81
20, 304 85
60, 809 85
89, 984 89
47, 844 99

9.60
10 00
4.49
4.00
5.83

6.04
7. 50
3.61
3.53
5.34

4, 888 08

4.95
14.00
0.77
6.12
3.92
3.93
3.55

4.06
12.96
0.67
5.05
2.71
3. 56
2.92

8.05
8.48
7.59
2.05
9.76
1 36
3.96
10.87
7.73
2.60
7.02
8.47
7.51

4. 446 65
600 00
5,613 50
756 00
8, 841 40
125 00
3, 056 22
170 30
1, 656 25

97, 133 75
3, 495 20
58,777 0L
38, 200 22
22, 268 82
830 92
55, 557 08
1,665 50
23, 012 43
36, 330 58
2,292 99
2,844 99
11, 484 33

4.92

3.95

6.40

30, 673 40

353, 893 82

3.91

3.04

3.20

1,119, 692 71

9, 973,101 10

HI
32
33
34

105,
35,
13,
39,
23,
37,
18,

667
000
000
500
500
750
625

57
00
00
00
00
00
00

641, 642 57

1, 039, 608 39

20, 437, 650 12

21, 601, 201 70




265, 030 67
53, 220 26
168, 114 21
251,928 76
116, 225 48
659, 987 87
106,742 01
11, 434 50
69, 387 63
32,164 49
29, 515 06
168,184 26
6,192 66
12, 197 61
15, 625 75
15, 363 39

32, 858 29
31, 587 46
38, 500 00
10, 846 78
7, 000 00
4, 741 74
15, 000 00
41,388 37
5,166 92
845 43
6 U 7 15
,
5, 570 11

520 00

•

35
36
37
38
39
40
41
42
43
44
45
46

47
48
49
50

51
5t
f
53

54
55
5i
f

57
58
59
60
61
fift
63

150

KEPOET OF THE COMPNROLLER OF THE CUERENCY.
Abstract of reports of dividends and earnings of national banks
Number
of
banks.

Surplus.

Capital and
surplus.

20, 44D, 050 00
25,121,820 00

$2, 482, 751 95
1,218,055 99
1,471,221 78
13, 499, 37670
11,345,537 69
4, 034, 24252
6, 734, 81996

$12,842,751 95
7, 323, 05599
9; 022, - ' 178
.2
58, 639, 876 70
62, 295, 537 69
24, 474, 292 52
31, 856, 639 96

562 165, 668, 37Q00

40, 786, 006 59

206, 454, 376 59

266
44
6
70
224
33
23
15
27
17
1
5

18. 05S. 000 00
10, 179,600 00
1 823, 985 00
,
2, 716, 260o
o
11,713, 260 00
252, 000 00
1,125, U00 00

8,831,332 66
22,401,007 68
1, 175,000 00
3, 788, 453• 6
10, 122, 97906
9, 401, 8'308
3, 538,106 84
678, 905 00
838, 847 30
3,104, 453 00
60, 000 00
307, 000 00

43,616,889 66
68,651,007 68
2, 925, 000 00
15,891,803 *6
42,273,319 06
27, 459, J-03 08
13,717,706 84
2, 502, 890 00
3,555, 10730
14,817,713 00
312, 000 00
1, 432, 000 00

Middle States .
Virginia
West Virginia..
Morih Carolina.
South Carolina .
Georgia
Florida.
Alabama
Mississippi
Louisana ...
New Orleans .
Texas
Arkansas
Kentucky
Louisville
Tennessee

731 172, 907, 352 00

64, 247, 88848

237, 155, 240 48
4, 439, 397 85

1
8
65
6
58
9
33

.
h 935, 000 (0
2,43<>, 000 00
200, 000 00
1 835, 000 00
,
425, 000 00
ioo, ooo 00
3,525, 000 00
6, 670, dt 0
00
705, 000 00
9,458. 900 00
3,551,500 00
5,000, 000 00

1,19:*, 09785
509, 534 62
552, 378 71
802, 000 00
873, 223 88
19, 922 70
289, 650 00
39,100 00
9, 000 00
1,296,715 70
2,050,517 33
166, 170 32
1, 877, 22434
809, 441 26
1, 017, 49982

Southern States.
Ohio
Cincinnati..
Cleveland ..
Indiana
Illinois
Chicago
Michigan
Detroit.. -.
Wisconsin
Milwaukee.
Iowa
Minnesota
Mi.-souri
St. Louis...
Kansas
Nebraska

287

43 500, 300 00

11, 505, 476 53

55, 005, 776 53

183
12
8

21, 964,000 00
8 600, 000 00
6, *JOO, 000 00
11 789. 500 00
13 519, COO 00
11 7-0.000 00
10, 260, 700 00
2 6*0, 000 00
3 735, 000 00
650. 000 00
10,200,000 00
11 : 40, 00000
3, 265, 000 00
3 2'0,000 00
4 229, 72S 00
5 450, 000 00

4, 573, 52929
1, 208, 00000
629, 000 00
3, 035, 40157
4,221,370 32
2, 681, 60000
1, J-93, 6f>618
275,000 00
903, 187 94
340,000 00
2,3-0,348 82
1, 849, 21'668
577, 925 08
856, 128 29
729. 702 32
911,897 95

26, 537, 529 W
9, hOH, 00000
6, 829, 0(,000
14, 824, 901 57
17, 740, 970 32
14,431,000 00
12, 154,356 18
2, 925. 000 00
4, 638, 18794
990. 000 00
12, 5^0. 348 82
13, Ib9, 226 68
3, 842, 925 08
4, 106, 12829
4, 959, 482 32
6,361,897 95

Western States .
Colorado
Nevada
California
San Francisco.
Oregon
Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming

948 128 85'*, 5K0 00

27, 005, 974 44

155, 859, 554 44

998, 100 00
25, 000 00
517, 936 33
234, 5.0 48
77, 4H6 04
503, 073 35
20, 000 00
298, 000 00
152, 094 75
274, 000 00
117. 957 67
140, 000 00

2,963, 10000
100.000 00
2, 667, 936 33
1, 734, 52048
822, 466 04
2, 733. 073 35
270, 000 00
2, 04H, 000 00
802, 094 75
874, 000 00
1, 072, 95767
940, 000 00

States and Territories.

Maine
!New Hampshire .
Vermont
Massachusetts ...
Boston
s

Rhode Island
Connecticut
New England States .
New York
New York City ..
Albany
New Jersey
Pennsvl vaiiia
Philadelphia
Pittsburgh
...
Delaware
Maryland
Baltimore
District of Columbia.
Washington

Pacific States and Territories...
Total United States



Capital stock.

71 $10,360,000 00
00
48
6 : 05, ooo
,
48
7,551,000 00
195 45, 140, 500 00
54 50, 950, 00000
62

84

23
21
15
14
15
4
10
5

89
150
12
97
5
46
3
124
50
35
6
62
Of)

34,785, 557 00
46, 250, 000 00
1 750, 000 00
,
12,1015, 350 00
32, 1P0. 340 00

3, 246, 30000

2 011,000 00
2,401, 000 00

24
1
15
1
9
37
4
14
8
5
14
5

745, 000 00
2,230, OdO 00
250, 000 00
1 750, 000 00
650, 000 00
600, 000 00
955, 000 00
800, 000 00

137

13 670, 000 00

1 965, 000 00
75, 000 00

2 150,000 00
1 500, 000 00

2,665 ~524 599, 602

"oo"

2, 5LJ0, 534

62

2, 9",3, 378171
2, 737, 00000
3, 309, 223 88
219,922 70
2,124, 650 00
464,100 00
109,01)0 00
4,821,715 70
8,721. 11733
871.170 32
11,336,124 34
4, 360, 941 26
6,017,499 82

3, 358, 14862

17, 028,148 62

146, 903,494 66

671, 503, 09666

REPORT OF THE COMPTROLLER OF THE CMRRENCY.

151

in the United States from March 1, 1885, to September 1, 1885.
Ratios.
Dividends.

Net earnings.

$121, 540 72
72, 259 52
114,146 54
933,206 27
758, 764 66
255, 649 54
439, 702 29

2.61

2.29

205, 465 62

2, 695, 269 54

2.97
2.91
1.95
3.36
2. 83
3.03
2.70
3.56
3. 14
2.93
3.23
2.67

3. 24
3.00
1.01
3.21
3.08
3. 36
2.59
4.36
3.53
2.67
3. 57
4.25

52, 047 81
40, .65 70
55, 499 42
31,475 14
56,434 74
8, 585 46
2, 847 56
2, 350 00
10, 058 34
14, 000 00
2, 900 00
44 77

667, 262 04
1,371,600 94
48, 880 27
372,933 16
523,817 21
167, 561 27
165, 745 39
15, 694 82
27, 727 13
140, 223 44

4.02

2.93

3.08

276, 708 94

3, 519, 510 54

4.01
3.66
3 70
4.30
3.62
2. 25
4.41
3.06
4 00
3.87
3.26
3. 76
3. 82
3.54
4.44

2.94
2.92
3 t)L
3.04
2.66
2. 04
3.81
2.80
3. 67
2.83
2.49
3. 04
3. 19
2.88
3.69

4.71
2.45
2 94
3.87
4.31
7.29
6.04
9.19
5 37
4. 22
4.31
4.30
3 89
3.07
4.85

6, 658 25
1, 585 00

39, 977 52
50, 579 68
109 632 42
92, 462 68
34, 503 19
2 211 00
26, 036 98
127 03

Per cent.
4.31
3.70
3.19
3.43
2.71
3.20
3.56

5, 391, 400 70

4, 725, 394 93

3.25

1,284,200 10
1, 996, 050 00
57,000 00
533, 544 00
1,195,624 10
83 M, 235 00
369,740 00
89,317 97
111,579 80
434,711 22
10 080 00
38, 250 00

1,414,264 40
2, 062, 586 92
29,446 52
509. 522 40
1,302,531 31
921,791 80
355, 510 66
109, 193 HG
125, 322 24
394,963 60
11, 129 51
60, 895 39

3.69
4.32
3.26
4.41
3.72
4.61
3. 63
4.88
4.10
3.71
4. 00
3.40

6, 953, 332 19

7,297, 158 61

2,282,781 63

1,655,261 00
814,791 45
285, dOO 00
172, 000 00
538, 110 (»0
658, 615 00
500, 3S5 00
46.5, 555 00
125, 00U 00
153,475 00
Hif 000 00
512,450 00
464. 050 00
283,847 18
91 5U0 00
241, 273 27
287, 175 00
- 5, 625, 226 90
137, 800 00
6 000 00
92, 000 00
60, 000 00
41.500 00
89, 750 00
29,
36,
33,
37,
30,

500 00
000 00
500 00
200 00
000 00

593, 250 00
20,218,470 79

-

761,534 89
336,4:^8 67
275, 734 85
542, 877 95
781.841 65
750, 164 12
49:?, 174 9.5
144, 125 35
216, 86K 27
53 8*>8 55
587.571 03
527, 399 68
246, 620 20
149 413 64
403, 1.6 01
456, 236 58
6, 726, 956 39
152. 0S2
8 584
174, 55H
56. 699
96, 462
115, 972
16 140
106, 406
45, 610
30, 294
108, 369
80, 821

29
25
84
87
77
22
08
02
45
43
82
90

992, 002 94
22, 024, 294 50




Losses.

$10, 535 92
9,921 94
20, 240 25
101,570 22
25,827 90
6, 447 00
30, 922 39

$422,132 61
223,912 73
203, 565 10
1, 453, 543 69
1,032,370 15
619, 980 45
769, 890 20

209, 077 91
61. 699 78
86 902 06
106, 071 85
142,621 56
16, 030 88
128, 374 18
42. 628 66
5 8.3u 68
203, 635 77
375,52* 16
37, 4*2 77
441,435 91
133. 6H9 09
291, 760 37

Premiums.

Per cent.
3.29
3.04
2.26
2.48
1.66
2.54
2.41

$446, 750 00
225, 8uO 00
241,155 50
1, 548, 850 00
1,380,250 00
654,782 50
893,812 70

130, 262 00
73, 7u0 00
88 750 00
83, 250 00
88,1^5 00
4 500 00
81.000 00
13, 000 00
4 000 00
136,250 00
217, 298 00
26 500 00
361,316 00
125, 560 00
221, 750 00

Charged off.

Dividend to Earnings to
Dividend to
capital and capital and
capital.
surplus.
surplus.
Per cent.
3.48
3.08
2.67
2.64
2. 22
2.67
2.80

5, 106 74
881 25
2,160 90
1, 625 00
100 00
1,552 50
11, 788 00

1
2
3

4
5
6

7

8
9
10

1
1
12
13
14
15
16

17

IS
18, 004 87 19

20
21
23

24
25
26
27
28
29
30
31
32
33

15, 960 96
2, 430 00
13, 66L 73

137,275 50
194, 523 49
1 392 99
60, 512 35
56, 482 25
42, 502 34 34

3.81

3.01

4. 15

63, 510 33

848, 219 42

3.71
3.31
2.77
4.56
4.87
4, 26
4 54
4.72
4. 11
4.92
5. 02
4. 09
8.69
2. 82
5.59
5.27

3. 07
2.91
2. 52
3.63
3.71
3.47
3. 83
4.27
3.31
3 23
4. 09
3. 52
7. 39
2 23
4.77
4. 51

2.87
3.43
4.04
3.68
4.41
5. 19
4.06
4. 93
4.67
5 44
4.69
4.00
6.42
3 64
8. 13
7. 19

68, 020 30
6, 000 00
7, 343 75
18, 564 50
17, 559 69
11,000 00
14, 437 38
3, 000 00
5, 120 10

381,724 61 35
51,587 73 36
25, 175 53 37
130, 346 38 38
147, 334 76 39
12.5, 225 50 40
137, 004 63 41
49,518 68 42
45,082 31 43
2 903 16 44
71,294 81 45
114,273 50 46
] 9, 5.57 3447
92 580 39
33,164 22 49
23, 923 97 50

4.37

3.61

4.32

192, 567 55

1, 450, 697 52

7.01
8.00
4.28
4. 00
5.57
4.02

4. 65
6 00
3.45
3.46
5.05
3.28

11, 151 05

65, 104 44
79 88
5, 112 47
12. 569 43
12,419 05
64, 385 02

1.69
5. 54
5.58
3.89
3.75

1.44
4.49
3.83
3.47
3. 19

5. 13
8. 58
6.54
3.26
11.73
4.24
5 98
5. 20
5. 69
3.47
10. 10
8.60

4.34

3.48

5.83

25, 550 81

227, 165 37

3.85

3.01

3.28

763, 803 25

8, 740, 862 39

13, 982 44
3, 454 32
10, 343 72
5, 307 98
8, 433 37

798 40
600 00
710 50
7, 650 46
1 9 5 00
160 94
3, 773 08
217 40
363 98

51
^9

53
54
55
56
57
32, 623 45 58
10 199 37 59
22, 119 38 60
1, 733 78 61
818 50 62

152

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table, by States and reserve cities, of the ratios to capital, and to capital and surplus, of
Ratio of dividends to capital for six months ending—

Katio of

States, Territories, and reserve
cities.

Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut
New York
New York City . . .
Albany
New Jersey
Pennsylvania
Philadelphia
Pittsburgh
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
Ohio...
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Iowa
Minnesota
Missouri
St. Louis
Kansas
Nebraska
Colorado
Nevada
California
San Francisco
Oregon
Arizona
Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
Averages




Pr. ct.

4.4
3.9
4. 1
3.9
2.9
3.3
3.8
3.7
4.5
6.2
4.2
3.8
4.4
3.4
4.4

3.6
5.6
4.3
4.5
4.1
4.7
6.4
9.5
5.2
4.9
6.5
4.0
5.3
4.6
7.8
3.7
3.4
7.6
10.7
5.0
4.6
4.0
12.0
3.6
18.0

20.0

4.1

4.4
3.7
5.3
3.9
2.8
3.4
4.1
4.1
5.0
4.2
4.2
4.1
4.4
3.7
4.4
5.6
4.0
4.0
2.4
4.1
4.6
3.7
3.6
3.9
2.5
3.7

4.4
3.9
4.1
4.1
2.9
3.4
4.0
4.1
4.8
6.0
4.4
3.9
4.4
3.7
4.4
4.4
3.7
4.0
2.6
4.3
4.5
3.6
3.5
3.5
2.5
4.1

4.1 4.1
5.8 6.9
3.7 6.3
3.8 3.7
4.2 3.7
5.1 5.6
4.4 4.5
3.8 4.6
4.1 4.1
5.1 4.7
5.7 7.0
4.9 9.6
4.9 5.9
5.1 5.1
5.4 5.5
4.0 4.0
5.2 5.6
8.0 5.1
4.3 4.6
3.7 3.5
3.6 8.3
7.4 7.6
9.6 15.6
5.0 |12. 0
4.2 4.7
4.0 4.0
|32. 0 12.0

Pr. ct. Pr. ct Pr. ct.

4.3
3.6
3.4
3. 6
2.8
3.4
4.1
4.0
4.5
4.6
4.2
4.1
4.0
3.7
4.4
4.4
3.9
4.0
2.4
4.3
4.3
3.8
4.0
3.3
2.5
4.0

4.1
3.6
3.8
3.8
3.9
4.9
5.8
10.5
5.2
5.9
6.9
14.7
5.6
3.1
4.6
3.1
7.0
4.9
3.5
2.6
4.2
13.8
8.4
10.0
4.7
4.0
18.3
....
5.0 6.0 4.0
28.0 22.0
. . . . ! 7.5
4. 9 | 7. 7
6.0 6.0 4.0
3.0 3.7
11.1 1.2
4.2

4.3

4.3
3.8
3.8
3.7
2.9
3.4
4.0
4.0
4.7
6.1
4.7
3.9
4.9
3.8
4.5
4.7
3.6
4.0
2.4
4.2
4.3
3.9
4.0
3.7
7.6
4.0
8.0
5.0
4.1
5.3
5.9
3.6
3.4
5.4
4.3
3.5
4.1
5.1
<). 0
5.0
5.6
4.2
4.3
4.3
5.3
5.3
9.7
2.7
6.1
4.9
12.0
10.0
5.2
4.0
14.2
5.0
3.3
12.2
4.6
9.5
6.9

4.2 4.1
3.9 3.7
4.2 3.9
3.7 3.6
2.9 2.7
3.5 3.4
4.0 3.9
4.4 4.2
4.6 4.7
4.2 6.2
4.6 4.7
3.9 4.0
4.7
3.7 S.8
4.8 4.6
4.4 4.4
b O
3.7
o. o 4.0
4.0 3.4
3.3 5.7
4.1 4.1
4.1 3.9
3.4 4.3
4.1 3.5
3.4 2.5
2.5 3.8
3.5 7.4
5.0 4.0
4.2 6.6
3.9 5.0
4.0 .5.8
3.8 3. 6
3.9 3.5
5.0 5.0
4.1 4.0
3.8 3.3
4.1 3.8
4.6 4.1
5.7 5.7
3.9 3.7
5.3 5.9
3.7 4.2
4.5 7.0
4.9 4.9
4.9 4.9
5.1 5.2
4.1 4.2
3.9 3.6
5.9 7.4
5.9
4.9 7.0
7.2
10.0 12.0
5.6 7.9
4.0 4.0
19.3 10.8
7.0 7.0
1.9 3.0
15 0 22.5
10.9
7.3 8.9'
3.6 5.2
4.2 1.6
3.4 22.5
4.1

4.2

Pr. ct. Pr. ct. Pr. ct

Pr.'ct.

4.1
3.7
3.8
3.3
2.8
3.3
3.8
3.9
4.3
4.2
4.4
3.5
4.6
3.7
4.8
4.5
3.8
4.0
3.4
4.0
3.7
3.3
4.0
3.2
2.5
3.6
2.8
4.0
3.6
5.7
4.4
4.1
3.8
4.7
4.0
3.2
4.1 2. 3
3.9 3.7
5.0 4.9
4.7 4.9
4.4 4.8
4,2 4.6
5.3 4.8
6.5 6.5
4.4 4.5
3.1 3.9
4.1 3.5
3.0 3.5
8.8 3.9
4.9 4.9
10.0 9.6
10.0 10.0
3.5 4.5
4.0 4.0
6.0 5.8
3.3
4.6 4.9
14.0
4.1 0.8
7.8 6.1
4.7 3.9
3.1 3.9
3.0 3.6
3.9

4.3
3.7
3.2
3.4
2.7
3.2
3.6
3.7
4.3
3.3
4.4
3.7
4.6
3.7
4.9
4.1
3.7
4.0
3.4
4.0
3.7
3.7
4.3
3.6
2.3
4.4
3.1
4.0
3.9
3.3
3.8
3.8
3.5
4.4
3.7
3.3

3.6 3.5
3 3 3.1
3.3 4.4
3.1 3.0
2.4 2.3
2.8 2.8
3.0 3.3
3.0 3.3
3.3 3.6
3.5 2.4
3.3 3.2
3.0 3.3
3.0 3.0
2.6 2.8
3.4 3.4
3.6 4.3
3.1 3.3
3.2 3.2
2.1 2.0
3.3 3.2
3.8 3.6
3.3 3.2
4.2 2.9
3.1 3.2
4.7 2.4
3.0 3.2

3.5 3.2
3.1 4.7
5.3 3.0
3.2 3.2
3.1 3. 6
4.7 4.3
3.5 3.7
3.9 3 3
1 2. 8 3.4 3.4
3.6 3.9
4.8 4.2
6.0 3.0
4.1 3.9
3.6 3.7
5.0 4.2
3.2 2.9
4.2 4.1
3.9 6.7
3.3 3.5
2.9 2.9
2.8 2.9
5.9 5.6
8.2
4.8 7.0
4.1 4.5
3.6 3.7
3.6
10.0 26.7
"3.1 5.2
15.0 23.3
1.7
5.5
5.6
3.9
3.7

15.6

3. 0
o

3. 3

4.4

3.3
4.0

3. 3

NOTE.—Figures printed in bold-faced type in column

REPORT OF THE COMPTROLLER OF THE CURRENCY.
the dividends and earnings of national banks, from
dividends to capital and surplus for six
months ending—

3.4

for 1884 signify percentage of loss.




March 1, 1881, to September 1, 1885.

Ratio of earnings to capital and surplus for six
months ending—

3.3
I 3.2
3.5
3.0
2.0
4.1
4.0
4.5
4.1
3.9

12.5 20.4
.5 ! . . . .
5.8 i 7.0
2.6

153

5.1
3.8
3.
4.4
3.4
4.0
4.1
4.5
7.1
3.9
4.5
4.4
4.3
4.6
5.9
4.5
4.4
3.6
2.0
5.5
4.6
4.8
7.2
5.5
10.4
5.1

7.0
19.9
17.2 12.5
5.0 16.1

9.2
7.3
8.7
12.6
6.1
3.5
16.6
1.8
3.2
10.4
9.2
7.2
6.5
8.4
7.9
3.3

154

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Clearings and balances of the banks of New York City for the weeks ending at the dates given.
Week ending—
Sept. 4, 1880..
Sept. 11, 1880..
Sept. 18, 1880..
Sept. 25. 18H0..
Oct. 2, 1880..
Oct. 9, 1880..
Oct. 16, 1880..
Oct. 23. 1880 .
Oct. 30, 1880..
1880 .
Nov.
1880..
Nov. 13,
1880..
Nov. 20,
1880..
Nov. 27,

Clearings

Balances.

$603, 877, 203 02
625, 650, 183 37
623, 375, 655 48
573. 355, 801 73
7«-5, 598, 706 46
651, 169, 020 35
693, 917, 360 86
872, 895, 695 57
785, 361, 021 85
866. 393, 048 37
896, 540, 451,06
868, 076, 513 35
1, 072, 680, 747 81

$33, 414,325
26,812, 778
30, 733,842
30, 070,332
32, 827,4U0
28, 586,849
27, 875,042
32, 910,082
31,018, 354
33, 236,599
34, 579,373
34, 404,639
32, 472,796

94
80
94
13
90
16
64
09
80
77
05
13
33

37,132, 230
* 28, 808,004
3(>, 408,897
29, 389,049
26, :*49,314
35, 187,t?86
31,673, 440
35, 159,491
32, 450,957
37,173, 439
27, 635,753
3., 043,351
23, 882,022

86
38
13
98
58
23
10
42
70
72
35
43
31

Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.

3, 1881..
10, 18 1 .
17, 1881..
24, 1881..
1, 1881..
8, 1881..
15, 1881..
22. 1881..
29, 1881 .
5, 1881..
12, 18cJl..
19, 1881..
26, 1881..

975, 722, 717 38
953, 85o, 125 23
881, 124,243 74
1,021,882,159 85
79tf, 664, 256 97
892,319,707 29
892, 475, 503 06

Sept.
Sept.
Sept,
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.

1882 .
1882..
1882 .
1882..
1882 .
1882..
1882..
1882..
1882..
1832..
1882 .
1882..
1882 .

787, 790, 346 16
806, 162,117 62
1, 010, 034, 295 97
950, 962, 831 49
1,011,393,333 57
1,124,300,247 43
999,817,864 93
1, 044, 396, 226 21
857.810,086 35
991,296,926 46
950, 469, 956 50
1, 054, 584, (365 67
1, 246, 998, 567 95

Sept.
Sept.
Sept,

1883.
1883.
1883
1883
1883.
1*83
1883.
1883.
1883.
1883.
1883
1883.
1883.

Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.

857,413,263
639, 907, 979
925, 116^460
773,401,695
758, 155,052
1,154,052,466

85
97
37
57
10
33

27, 396, 924 64
29, 786, 3H6 41
30,418,411 78
27, 978, 468 28
34, 393, 848 91
30, 742, 717 31
35, 772, 217 86
33, 623, 283 86
26 633, 506 70
37, 122, 701 71
26, 969, 785 92
33, 258, 877 77
28, 657, 750 01

645, 021, 546 86
739,732,907 18
732,316,071 00
700, 0>*2, 400 54
763, 567, 336 28
759. 872, 865 58
833, 965, 948 88
919,608,026 44
906,319,847 51
817,996,284 43
622, 487, 973 40
783, 094, 622 25
682, 451, 400 44

26, 472,986 85
31, 195, 746 55
30, 9U, 820 30
30, 061,000 19
30, 2t>0,285 71
32, 844,144 42
31,363, 439 92
31,917, 847 51
31,844, 418 48
29, 708,441 71
28, 478, 167 32
33,519, 486 13
28,333, 263 64

Sept.
Sept.
Sept,
Sept.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Nov.

6, 1884..
13, 1884..
20, 1884 .
27, 1884..
4. 1884..
11, 1884..
18, 1884..
25, 1884..
l, 1884..
*, 1884 .
15, 1884..
22 1884 .
29, 1884..

463,912,628 57
422, 613, 919 74
492, 0(59, 873 06
491,357,661 20
554, 662, 698 69
496, 582, 476 56
518,575,214 89
605,195, 931 55
458,532,5.58 11
477,210,695 35
527,541,755 74
555,711,509 01
459, 294, 007 66

21,278,921 75
22,793,219 60
21,412,397 53
22, 028, 008 11
32,658,517 10
26, 358, 572 40
28, 696, 794 93
27, 673, 214 95
23, 225,190 59
28,269,591 59
26, 823, 261 26
26,496,903 13
21, 392, 407 63

Sept.
Sept,
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.

5, 1885.
12, 1885
19, 1885
26, 18*5
3, 1885.
10, 1885..
17, 1885.
24, 1885.
31, 1885
7, 1885.
14, 1885.

476, ?00, 526 79
484, 537, 657 96
480,733,380 21
471.652,048 41
572, 076, 277 97
659, 560, 549 70
702, 000, 829 74
828, 373. 048 53
695,214.389 87
775,416,616 98
779, 244, 286 61

22, 990, 87 52
23, 9*39,367 46
24, 410, 868 93
22, 978,989 63
30, 158,232 32
28, 462,678 38
29, 6H2,037 42
30, 475,583 77
29, 590,574 77
30, 751,563 50
27, 323, 21 40




REPORT OF THE COMPTROLLER OF THE CURRENCY.

155

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 of September and October in each
year from 1878 to 1885.
Reserve.

Liabilities.
W e e k ending^Circulation. Net deposits.

Dollars.

Dollars.

Total.

Specie.

Dollars.

Legal-tenders.

Dollars.

Total.

Ratio t o
liabilities.

19, 037, 000
19, 453, 000
19,591,000
19, 692, 500
19,552,200
19, 567, 800
19, 575, 900
19,864,400

191,650,200
191, 090, 500
190,268,100
189,832,700
187, 568, 400
184,8-25.400
183, 627, 600
186,082, 100

210,687,200
210, 543, 500
209, 259, 100
209, 425, 200
207, 120,600
204, 393, 200
203, 203, 500
205, 946, 500

Dollars.
14, 583, 200
15, 929, 300
15, 590, 400
15, 373, 300
14, 995. 800
1-2,184,600
13,531,400
17, 384, 200

43, 260, 300
41,673,400
41, 894, 700
39, 7C2, 000
38. 304, 900
37, 685, 100
36, 576, 000
35, 690, 500

Dollars.
Per cent.
57, 843, 500
27.45
57, 602, 700
27.36
57,485, 100
27.40
55, 135,300
26.33
53, 300, 700
25. 73
24.40
49, 869, 700
24. 66
50, 107,400
25.77
53, 074, 700

21,354,100
21,585,300
21,366,700
21,513,700
21,914.200
22,061,900
| 22,268,600
i 22,430,500
I
! 19,324,200
19,335.500
! 19,326,400
| 18,864,400
! 18,618,600
I 18,555,600
| 17.611,000
I IS, 682, 500
; 18,628,400

201, 608, 400
201,071,200
203, 326, 900
204, 964, 400
206, 86»>, 800
207, 684, 500
207, 200, 200
205, 496, 800

222, 962, 500
222, 656, 500
224, 693, 600
226. 478,100
228,781,000
229, 746. 400
229, 468, 800
227,927, 300

18, 502, 900
18, 538, 000
18, 670, 400
18,731,600
18, 979, 600
20,901,800
24, 686, 500
25, 636, 000

36, 275, 800
36. 181, 600
37, 781, 100
35,901,900
34, 368, 000
32, 820, 300
29, 305, 200
26, 713, 900

54, 778, 700
54,719,600
56, 451, 500
54, 633, 500
53, 347, 600
P3, 722, 100
53, 991, 700
52, 349, 900

24.57
24.58
25.12
24. 12
23.32
23. 38
23.53
22. 97

287,115,500
287, 128, 100
287, 570, 700
283, 222, 600
282, 373, 600
2X8, 549, 000
289,518,700
288,391, 100
289,859,100

61, 269, 200
60, 716, 000
61, 522, 200
60, 026, 600
59, 8-23, 700
62,521,300
62, 760, 600
60, 88X, 200
61,471,600

12, 545, 900
11,952,000
11,407,100
11,090,500
11, 129, 100
10, 785, 000
10,939 200
10. 988, 200
10, 925, 000

73,815,100
72 668,000
72, 929, 300
71,116, 100
70, 952, 800
73, 306, 300
73, 691), X00
71,876,400
72, 396, 600

25.71
25. 31
25. 36"
25 11
25.37
25.42
25.46
24.92
24. 98

Sept.
Sept.
Sept.
Sept,
Oct.
Oct.
Oct.
Oct.

7,1878
14,1878
21,1878
28,1878
5, 1878
12,1878
19, 1878
26,1878 j

Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.

6.1879
13,1879
20,1879
27,1879
4,1*79
11,1879
18.1879
25.1879

Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
O.-t.
Oct.

4.1880
11.1880
18,1880
25. 1880
2,1880
9,1880
16, 1880
23, 1880
30, 1880

Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.

3,1881
10. 1X81
17. 1881
24,1*81
1, 1*81
8, 1881
15, 1881
22, 188!
29, 1881

i

i
|
!
j

267, 791,
2C7, 792,
268, 244,
264, 358,
' 263, 755,
; 269, 993,
! 271, 907,
269, 708,
| 271,230,

I
!
|
J

278,241,700
277,011,700
279, 404. 900
277, 2*8. 600
270, 727, 400
263, 081,600
254, 224, 700
250, 299, 000
251,480,300

297,911,100
296, 776, 200
299, 173, 000
297,016, 100
290, 568, 800
282, 931, 000
274. 11)3, 100
270, 200, 400
271,410,700

57, 816, 100
59, 991, 600
61,224, 100
60, 476, 000
54, 954, 61)0
53, 287, 900
51,008.300
54,016,200
55, 961, 200

13,226,600
12,591,300
11, 979, 000
12,451,300
12, 150,400
12, 153, 800
12,45 4,700
12, 496, 500
12,947,900

71,042,700
72, 582, 900
73,203. 100
72. 927, 300
67, 105,000
65,441,700
153,461,000
66,512,700
68, 909, 100

23.85
24.46
24. 47
24. 55
23.09
23.13
23. 15
24.61
25.61

Sept.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.

19,669,400 |
19,764,500 i
19,768, 100 j
19,747,500 I
19,841,400 I
| 19, 849, 400 j
19,878,400 i
19,901,400
19,930,400
j
2,1882 18,278,400 i
9, 1X82 18.307,000 !
16, 1882 18,357,500 !
23,1X82 18, 623, 700
30, 18X2 18, 768, 100
7, 1X82 ,8.894,800
14, 18*2 18, 732, 000
21 1XX2 18. 749,400
28, 18x2 j 18,764,500

271,999,400
265, 566. 900
263, 736, 700
260, 205, 800
251,858, 100
249, 136, 800
249. 629, 700
247, 974, 400
247, 575, 400

290.
2X3,
282,
278,
270,
268,
268,
266,
266,

277,
873,
094,
829,
644,
031,
361,
723,
339,

49, 775, 400
47, 148. 500
48,571,500
47, 114, 000
44, 9?5. 500
47,016,000
48, 281, 000
49, 5IS, 200
48, 374, 200

19,953,100
19,448, 800
18,61.1,500
17,993,700
18, 3X9, 000
18, 3X4, 500
18, 002, 700
17, 023, 9o()
17,204,700

69, 728, 500
66, 597, 300
67, 263, 000
65, 107, 700
63,314,500
65, 400, 500
66, 283, 700
66,542, 100
65, 578, 900

24.02
23.46
23 84
23. 35
23. 25
24. 03
24.70
24.97
24. 77

Sept.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.

1,1883
8. 1883
15, 18X3
22, 1X83
29, 1X83
6, 1883
13, 18«3
20, 1x83
27, 1883

15, 622, 600
15. 527, (00
15 519,700
15, 394, 600
15, 184,800
15, 069, 100
15, 164,200
15,252,900
15, 336, 200

269,961,900
2H8. 805, 500
272,325,100
271,728,200
268, 496, (500
265, 592, 500
268, 942. 000
202, 535, 700
258, 589, 600

285,
284,
287,
287,
2x3,
280,
284,
277,
273,

584, 500
332, 500
844, X00
122,800
681, 400
661, 600
106, 200
888, 600
925, 800

53, 529, 000
52,601.400
53, 397, 400
4J), 360, 000
50, 067, 900
51, 586, 700
50, 894, 000
47. 262. 900
46, 372, 800

21,729,000
21,074,500
20, 6<>2, 700
22, 443, 300
20, 56n, 800
20, 122, 500
21, 145,800
20,719,700
20, 617, 600

75, 258. 000
73, 675, 900
74,060. 100
71, 803, 9O0
70, 634, 700
71,709,200
72, 039, 800
67, 9x2. 600
66, 990, 400

26.35
25. 91
25.73
25.01
24 90
25. 51
25.36
24.47
24.46

Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.

6,1884
13,1884
20,1X84
27,1884
4, 1884
11, 1X84
18, 1884
25, 1884

14,221,000
14, 132,300
14,081,400
14, 083, 300
13,578,400
12, 884, 700
12,752,700
12, 910, 900

251, 527, 200
251,654,700
254,141,200
252, 765, 500
256, 696, 800
261,801,600
261, 527, 700
261,405,400

265, 748, 200
265, 7X7. 000
265, 222, 600
266, 848, 800
270, 275, 200
274, 666, 300
274, 280, 400
274,316,300

64, 899, 900
64, 288, 200
65, 409, 51)0
64, 302, 000
67, 470, 600
68, 922, 500
67, 579, 400
67, 638, 000

25, 060, 800
25, 191. 800
25, 2(58, 000
25, 375, 700
25. 817, 300
27, 654,100
27, 875, 500
27, 354, 200

89, 960, 700
89, 480, 000
90, 677, 500
89, 677, 700
93, 287, 900
96, 576, 600
95, 454, 900
94, 992, 200

33.85
33. 67
3H. 81
33. 61
34.52
35. 16
34.80
34.63

Sept.
Sept.
Sept.
Sept
Oct.
Oct.
Oct.
Oct.
Oct.

9, 704, 700
5,1885
9, 753, 300
12, 1X85
19, 1885 9, 735. 800
9, 808. 000
26, 1X85
3, 18X5 9, 902, 900
9, 921, 200
10, 18X5
9, 954, 000
17, D-85
24, 1X85 10, 006, 000
31, 1885 9, 989, 800

321,8.59,000
320.910,000
319, 060 800
316.767,000
315. 002,600
315, 596, 200
317, 296, 700
313, 767, 200
313,399,700

331,563,700 102, 921,100
330, 663, 300 100, 255, 300
32H, 796, 600 97, 333, 200
326, 575. 000 95, 037, 900
324, 905, 500 92, 351, 600
325,517,400 93, 642, 500
327, 250, 700 91. 945,300
323, 773, 200 87, 309, 100
323, 389, 500 84, 954. 600

131,623,000
129,097,600
124,996,000
121,052, • 00
116, 868, 200
116,644,500
114. 166.400
108.368,900
106, 829, 500

39.70
39.04
38.01
37.07
35. 97
35. 83
34.89
33.47
33.03




800
900
200
500
2tiO
600
700
800
900

28,701,900
28, 842, 300
27, 662, 800
26.014, 800
24, 516, 600
23, 002, 000
22.221, 100
21, 059, 800
21, 874, 900

156

REPORT OF THE COMPTROLLER OF THE CURRENCY.
State of the laivfal-money reserve of the national banks as
STATES AND

Dates.

Oct. 2,1879
Dec. 12,1879
Feb. 21,1880.
Apr. 23,1880
J u n e 11,1880
Oct. 1,1880
Dec 31,1880
Mar. 11,1881.
May 6,1881
J u n e 30,1881
Oct. 1,1881
Dec. 31,1881.
Mar. 11,1882
May 19,1882.
July 1,1882
Oct. 3,1882
Dec. 30,1882
Mar. 13,1883.
May 1,1883
June 22,1883.
Oct. 2,1883
Dec. 31,1883
Mar. 7,1884
Apr. 24,1884
June 20,1884.
Sept. 30,1884
Dec. 20,1884
Mar. 10,1885
May 6,1885
July 1,1885
Oct. 1,1885

No. of
banks.

1,820
1,824
1,831
1,844
1,845
1,859
1,863
1,860
1,868
1,880
1,895
1,926
1,945
1,981
1,996
2,026
2,065
2,097
2,128
2,169
2,253
2,280
2,314
2,340
2,376
2, 417
2,417
2, 425
2,432
2,442
2,467

Net deposits.

$329, 874, 452
348 834, 775
375, 281, 538
384, 765,183
385,168, 252
410, 522, 448
439, 354, 304
447, 410, 923
460, 478, 466
484, 089, 521
507, 247,143
518, 701, 965
515,198,159
519, 247, 650
527, 588, 049
545, 842, 660
554, 245, 520
550, 892, 283
556, 309, 464
560, 731, 879
577, 880, 812
579, 512, 711
573, 619, 524
575, 995, 025
544, 660, 331
535, 807, 406
520, 283, 576
537,613,418
540, 281, 314
5C2,196, 593
570, 838, 327

Reserve required.

$49, 535, 540
52, 379, 535
56, 346, 827
57, 766, 633
57,801,806
61, 598, 298
65, 922, 995
67, 131, 602
69, 091, 733
72, 633, 329
76,196, 945
77, 809, 257
77, 283, 686
77,891,110
79, 142,169
81, 880, 361
83,140, 390
82, 637,104
83,449,581
84,112, 683
86, 685, 688
86, 930, 753
86, 046, 715
86, 399, 253
£1, 699, 049
80,371,110
78, 042, 536
80, 642, 012
81, 042,182
82, 829, 489
85, 625, 749
RESERVE

Oct. 2,1879
Dec. 12,1879
Feb. 21,1880
Apr. 23,1880
June 11,1880
Oct. 1,1880
Dec. 31,1880
Mar. 11,1881
May 6,1881
June 30, 1881
Oct. 1,1881
Dec. 31,1881
Mar. 11,1882
May 19,1882
July 1,1882
Oct. 3,1882
Dec. 30,1882
Mar. 13,1883
May 1,1883
J u n e 22,1883
Oct. 2,1883
Dec. 31,1883
Mar. 7,1884
Apr. 24,1884
June 20,1884
Sept. 30,1884
Dec. 20,1884
Mar. 10,1885
May 6,1885
July 1,1885
Oct. 1,1885




228
228
230
231
231
231
232
234
234
235
237
238
24?
242
243
243
243
246
247
248
248
249
249
249
249
247
247
246
246
247
247

439, 009, 954
458, 944, 779
498, 980, 548
482, 230, 794
516,491,857,
557, 508, 975
544,501,717
536,112,658
588, 714,401
655, 815, 066
604, 438, 599
577,163, 351
564, 058, 531
590, 883, 075
604, 391, 647
572, 791, 257
565, 948, 445
559, 431, 070
568, 267, 546
611,259,171
590, 785, 930
612,621,435
642, 682, 644
620,221,832
534, 629, 056
562, 888,105
588, 299, 710
626, 616, 971
644, 259, 607
669,199, 214
677, 333, 060

109,752,489
114, 736,195
124, 743,137
120, 557, 698
129,122, 964
139, 377, 244
, 136, 125, 429
134, 028, 165
147, 178, 600
163, 953, 766
151, 109, 650
144, 290, 838
141, 014, 632
147, 720, 769
151,097,911
143, 197,814
141,487,111
139, 857, 768
142. 066, 886
152, 814, 793
147, 696, 483
153, 155,359
160,670,660
155,055,456
133 657, 263
140, 722, 026
147, 074, 927
156, 654, 242
161, 064, 902
167, 299, 805
169, 333, 265

REPORT OF THE COMPTROLLER OF THE CURRENCY.

167

shoivn by their reports from October 2, 1879, to October 1, 1885.
TERRITORIES.
Classification of reserve held.

Reserve held.

Amount.

Ratio
to liabilities.

$124, 315, 513
124,606, 178
139, 489, 054
133,966,543
138, 632, 303
147, 105, 244
155, 406, 393
150,919,415
155, 258, 612 1
170, 055, 750
158, 299, 042
159,060,717
150, 725, 091
154, 776, 359
151, 908,107
150,351,513
158, 832, 406
155, 131, 167
148, 836, 606
157, 728, 089
157.493,584
167,741,690
167, 008, 072
162, 466, 064
145, 997, 562
156, 304, 733
161,864,287
175, 030, 558
171,011,833
170, 245, 483
177, 470, 804

Specie.

Per cent.
37. 7
35.7
37.2
34.8
36.0
35.8
35.4
33.7
33.7

T PP-'II

$11,474,961
$29, 628, 096
13, 257, 825
29, 357, 057
15,931,208
28, 471,133
18, 523, 230
30, 138, 708
18, 988, 001
28, 650, 254
27,613,370
21,145, 738 i
25, 108,888
29, 0(i3, 892
26, 660, 882
26, 783,131
27, 842, 501
28. 672, 789
27, 635, 215
27,416,230
27, 509, 821
26,473,002
30, 283, 767
28, 905. 001
29, 161,734
26, 897, 694
30, 036, 477
28,160,627
30, 089, 064
26, 857. 620
30, 024, 289
28,318,646
31, 095, 496
31,038.111
30, 072, 360
28, K71,031
31,414,155
30, 367, 252
31, 055, 220
29,053, 116
31, 253,194
30,245,600
33, 178, 829
32, 6J>5, 299
33,471,053
29,859,218
36, 352, 684
30, 944, 464
36, 407, 051
31,448,254
35, 238, 175
30, 392, 840
29, 943, 391
34, 587, 231
38, 852, 692
30,134,197
40, 736, 669
29, 508, 036
40, 065, 640
27, 473, 329
41, 467, 335
29, 375, 936

35.1
31.2
30.7
29.3
29.8
28.8
27.5
28.7
28.2
26.7
28.1
27.2
28.6
29.1
28.2
26.8
29.2
31.1
32.6
31.6
30.8
31.1

U n i t e d States
certificates of
deposit.

Due
Redempfrom reserve tion fund w i t h
agents.
Treasurer.

$735, 000
670, 000
670, 000
645, 000
605, 000
640, 000
630, 000
585, 000
585, 000
575, 000
620, 000
595, 000
610, 000
535, 000
620, 000
610,000
635, 000
56"), 000
585, 000
575, 000
585, 000
610,000
595, 000
550, 000
575, 000
500, 000
565, 000
665, 000
635, 000
635, 000
500, 000

$71, 302, 887
70, 017, 269
83,134, 259
73, 296, 236
79, 126,763
86,371,229
89, 258, 930
86, 060, 705
87, 109, 924
103, 297,184
92, 335, 036
87, 745, 656
82, 599, 924
84,721,969
83, 221, 970
80,064, 196
84, 783, 917
84 431,394
75,216,795
85, 825, 601
84,119,738
88, 057, 473
92, 267, 704
83, 664, 761
66, 843, 814
79,652, 119
86,489, 195
95, 289, 830
89,991,054
92, 068, 593
95, 954 541

$11,184, 569
11, 304, 027
11, 282, 454
11, 363, 369
11, 262, 285
11, 334, 907
11, 344, 683
10, 829, 697
11, 048, 428
11, 132,121
11,361, 183
11, 531, 293
11,455,739
11, 322, 286
11, 119,453
11, 334. 382
11, 279, 882
11,191,382
11, 253, 404
11,219,153
11, 290, C52
11, 200, 089
10. 815, 097
10,954,155
10,723,443
10, 521, 599
10, 279, 470
10, 088, 839
10,141,074
10, 002, 921
10,172, 992

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

26, 035, 000
10, 180, 000
10, 090, 000
7, 225, 000
11, 895, 000
7, 015, 000
5, 520, 000
5, 525, 000
7, 460, 000
8, 965, 000
6,120, 000
7, 335, 000
8, 835, 000
9, 850, 000
10, 425, 000
8, 035, 000
7, 840, 000
7, 840, 000
7, 835, 000
10, 070. 000
9, 375, 000
10, 230, 000
13, 450, 000
11, 440, 000
9, 295, 000
13, 700, 000
18, 475, 000
22, 095, 000
18, 500, 000
22, 285, 000
18,300 000

35, 720, 660
32, 725, 183
34, 657,128
30, 667, 994
36. 808, 905
48, 191,549
36, 896. 084
34, 759, 986
40, 862, 229
52,961,453
40,633, 147
35, 784, 810
34, 852, 796
39, 467, 976
35, 233, 042
33, 213. 032
37, 282, 190
36, 592, 761
34, 090, 027
40, 821, 353
40, 798, 990
38, 942, 133
46, 437, 308
38, 827, 197
28, 403, 338
32, 340, 900
34, 672, 781
41,172,443
40, 912, 049
40, 661, 809
42, 402, 609

4, 598,146
6, 843, 660
4, 738, 976
4, 705, 120
4, 657, 726
4, 586, 834
4, 544, 457
4,161,514
4,531,676
4, 596, 298
4, 754, 569
4, 848, 3U7
4, 769, 548
4, 534, 632
4, 4ul, 139
4, 481, 464
4, 493, 609
4,407,118
4,411,768
4, 392, 424
4,271,832
4, 087, 595
4, 027, 585
3, 944, 410
3, 809, 102
3, 786, C88
3,615,312
3, 560, 564
3, 535, 850
3, 501, 437
3, 424, 960

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

CITIES.
136,610,443
138, 638, 047
149, 451,113
140,898, 106
169, 206, 207
175, 852, 502
357,721,336
147, 308, 032
180, 221, 803
197, 889, 047
163, 348, 053
161, 410, 332
157, 802, 939
172,827, 165
167, 963, 478
153, 557, 856
162, 387, 772
148, 706, 922
156,419, 122
184, 362, 295
171, 448, 008
182, 221, 554
198,511,843
179,371,793
160. 231, 029
189, 850, 706
208 349, 105
235, 974, 313
247, 455, 612
256,223, 121
237, 894, 989

31.1
30.2
30.0
29.2
32.8
31.5
29.0
27.5
30.6
30.2
27.0
28.0
28.0
29.2
27.8
26.8
28.7
26.6
27.5
30.2
29. 0
29.7
30.9
28.9
30.0
33.7
35.4
37.7
38.4
38. 3
35.1

30, 698, 771
65, 527, 137
73, 215, 503
67,410,642
80, 023, 104
87, 035, 651
80,609,813
77,490,354
93, 525, 721
100,058, 123
85, 162, 735
82, 253, 632
79, 620, 297
81, 177, 310
80,751, 158
72, 883, 489
75, 331, 663
67, 890, 006
72, 193, 111
84, 299, 176
76, 564, 789
81, 097, 329
88, 609, 073
78. 392, 0'3
73, 254, 631
93,371,299
105, 159, 848
128,263, 181
136, 678, 750
137, 546, 852
133, 405, 237




39, 557, 866
25, 362, 067
26, 749, 506
30, 889, 350
35,821,472
29, 023, 558
30, 150,982
25.371,178
33, 842,177
31,308, 173
26, 677, 602
31,188,493
29, 725, 298
37, 797, 247
37, 153, 139
34, 994, 871
37, 440, 310
31,977,037
37,889.216
44, 779, 342
40, 437, 397
47, 864, 497
45, 987, 877
46, 7(i8. 164
45, 468, 958
46,651,819
46,426, 164
40, 883, 125
47, 828, 963
52, 228, 023
40, 362,183

"

158

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Lawful money reserve of the national banks, as shown by the reports
STATES AND

Cities, States, and Territories.

Maine
New Hampshire
Vermont
Massach usetts
Rhode Island
..,
Connecticut
New York
New Jersey
Pennsyl vania
Delaware
Mainland
District of Columbia..
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
,
Arkansas
Kentucky
Tennessee
Ohio
,
Imtiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Missouri
Kansas
Nebraska
Colorado
Nevada
California
Oregon
Dakota
Idaho
Montana
New Mexico Utah
Washington .
Wyoming
Total .

No. of
banks.

71
48
47
195
61
84
267
72
228
15
27
1
24
21
15
14
16
5
10
6
1
68
6
59
32
183
90
153
97
47
125
49
36
74
75
25
1
16
9
41
4
15
8
6
15
5
2,467

Deposits.

$10,193,112
6,271,243
5, 229, 319
53, 596, 198
14. 643, 995
24. 856, 645
79, 493, 208
33,374, 140
62. 410. 870
4, 060. 680
5, 774, 469
781.158
8, 740. 810
2,551,850
3, 608. 699
3, 125, 974
3, 605, 469
820, 034
2, 236, 670
700, 148
70, 308
9,498,471
1,575,731
8, 603, 990
8, 743, 371
32, 080, 769
20,591,521
2K, 482, 3 >
*9
18, 633. 927
10,219,341
17,519,419
21,980,913
6, 009, 697
10. 367. 841
13, 697, 320
10, 610.175
234, 829
5, 622, 200
3, 0t)5, 240
3, 891), 878
416.655
5, 492,154
1. 927, 994
1, 693. 399
1, 450, 781
1, 744, 353
570, 838, 327

Ratio
of reserve.

Reserve required.

Reserve
held.

15 per cent.
$1,528,967

Per ct.
$4, 075, 398 39. 98
2, 423. 330 - 38.64
1,708, H)5 32. 67
14, 543. 979 27. 14
4, 019, 8M6 27. 45
7.645, 166 30.76
24, 016, HI5 30.21
12, 580. 433 37.70
19, 573. 910 31.36
1, 656, 136 40. 78
1, 897. 394 32. 86
361,649
46.68
2, 643, 742 30. 25
777, 006 30.45
906, 742 25.13
771, 195 24.67
943, 425 26.17
24. 54
201.271
569. 345 25.45
152, 259 21. 75
25, 559 36 35
3, 266, 400 34. 39
472, 135 29. 97
2, 542, 188 29.55
2, 023, i-80 23.15
10, 303, 089 32. 11
7, 479. 260 36. 32
9, 735, 237 34.18
6, 735, 176 36. 14
3, 224, 5S3 31.55
5, 306, 828 30. 29
5,J 060, 386 23. 02
1. 966, 995 29.76
3,055,981
29.48
3, 769, 537 27. 52
4,216, 167 39 74
53, 548 22. 80
1, 555, 425 27.67
809, 865 26.95
1,031,699 26. 52
122, 586 29. 42
1, 328, 909 24. 20
554, 326 28 75
405, 695 23.96
451.030
31.09
525, 994 30. 15

940,

H86

784 398
8, 039. 430
2, 196. 599
3, 728, 497
11,923,981

5,006,121
9,361,630
609, 102
866,170
117, 174
1,311,122
382, 778
541. 305
468, 896
540, 820
123, 005
335, 501
105, 0'22
10. 546
1,424,771
236, 360
1, 290, 598
1,311,506
4,812,115
3,088,728
4, 272, 354
2, 795, 089
1,532.901
2. 627. 91.3
3,25)7,137
991,455
1, 555, 176
2, 054, 598
1,591,526
35, 224
843. 330
450, 786
583. 6X2
62, 498
823, 823
289. 199
254. 010
217,617
261,653
85, 6.<5, 749

177,492,919

3L.09

RESERVE
Boston.
Albany
Philadelphia .
Pittsburgh
Baltimore
Washington . .
New Orleans .
Louisville
Cincinnati
Cleveland
Chicago
Detroit
Milwaukee . . .
St.. Louis
San Francisco

102, 057, 664
8.918,686
77, 989, 267
21,433,579
21, 235. 138
3, 485, 363
8,8*9, 186
6, 295. 248
19.524. 163
9. 784, 273
59,071,218
9, 533,423
5. 977. <43
9, 303, 829
97(5, 175

25 per cent.
25. 514. 416
2, 229, 672
19,497,317
5, 358, 395
5, 308, 784
871,341
2, 222. 296
1,573,812
4, 8S1, 041
2, 446. 06*
14, 767, 804
2, 3S3, 356
1, 494. 336
2. 325, 957
244, 044

28, 726, 398
3, 4*0. 802
28, 843, 991
7, 086, C72
7, 728, 299
1, 336. I .'0
2, 496. 2o7
1,457 011
6,921,954
3, 101,341
22, 261, 245
3, 323. 592
1. 909, 330
3,026 3i5
488, 024

28.15
39.03
36.98
33. 06
36.39
38. 32
28.08
23. 14
35. 45
31.70
37. (S%
34.86
31.94
32.53
40.99

Total . . . .

203

364.474.555

91,118.639

122,186,751

33. 52

New Y o r k . . . .

44

312, 8-H. 505

78. 2! 4. 62K

115, 7<'6,8*8

36. 9rt

"2/714 1,248,171,387

254,959.014

415,386,558

33. 28

United States.

NOTE.—Prior to June 20, 1874, the required reserve in States and Territories was 15 per centum,
 deposits only.
centum of the


REPORT OF THE COMPTROLLER OF THE CURRENCY.

159

of their condition at the close of business on October 1, 1885.
TERRITORIES.
Classification of reserve held.

Cash reserve.
Required.

Le^al tenders.

Held.

U. S. certiticates of
deposit.

Dne from reserve agents.

$2, 840, 335
1, 740. 890
977,997
8. 528, 99 J
2,359,942 I
4.384,449 I
14, 2*5,673 I
8,273, 007 I
10, 738, 028
1. 179,851
1, 043. 055
153. 481
1,193, 9">6
280, 143
365, 075
170, 805
101, 136
57, 389
113,074
22, 551
3, 539
1, 292, 963
251, 681
1,240,710
703, 715
4,131,559
3, 450, 208
5, 348, 093
4, 151, h75
1, 853,155
2, 739, 834
2,515,674
1, 044, 343
1, 372, 090
2, 096, 988
2, 453, 997
3, 042
554, 115
253, 263
414.412
23,144
407, 898
324, 626
135,390
154,355
244,908

99, 993
11,250
101, 320
62, 7v»8
46, 745
52, 2"9
79, 695
5, 699
46. 619
5, (574
4. 500
87,531
16, 200
274, 604
105, 961
649, 987
323, 503
299, 649
171,853
78, 001
181.496
91, 185
61,4*3
70, 988
88,991
45,962
1,800
43, 222
19,050
32,462
3,049
19.092
17,350
19,687
16,200
6,975

500, 000

95, 975, 906 j

10,173, 742

1,185, 000
310,000
5, 335, 000

13 931,113
1, 9U4. 666
7, 494, < 63
2, 31", 626
1, 685, 282
358. 496
495. 351
431,609
2,235,212
1, I6o, 64 L
6, 622, 634
1, 651,338
767, 759
1,263,819

$458, 579
272, 285
207,620
2, 524, 229
63s, 332
1,172,642
4,281,613
1,83(5,211
3,271,589
212, 2*4
306,471
42, 370
483,92i
127, 9x2
197, 824
166,655
184, 450
46, 923
115,553
39, 739
2,418
534, K96
88. 064
406, 398
482,218
1, 664, 851
1,106,090
1, 589, 082
1, 049, 295
581.960
978, 567
1 2*2. 381
371', 009
593. 675
7*6. 243
618,226
13. 370
320. 043
172. 695
22o, 46U
23, 780
321, 893
108, 740
93, 729
80, 567
101,871

$852, 544
422, 465
465, 260
4, 286,128
1,059,124
2, 463, 824
8,510,992
3,891,833
7, 652, 623
397, 892
754, 34 6
199, 918
1, 348, 466
434, 065
494, 9_7
548,131
762, 594
138. 183
409, 6")2
124, 0.34
17, 520
1, 885, 906
204. 254
1, 026. 874
1, 214, 204
5,521,543
3, 705, 549
4, 087, 495
2,411,448
1,293,427
2, :i85. 498
2, 453, 627
861,219
1,612,903
1, 583, 558
1, 716. 208
48 706
958, 088
537, 552
584, 825
96, 393
901,919
212,350
250, 618
28o, 475
274,111

30,180, 803

71, 343, 271

41, 467, 335

13, 688, 063
1, 422, 3!9
20, 930, 443
4,463,416
5, 7f>9, 987
946, 124
1, 905. 781
897, 888
4, 434, 372
1,911,225
15.584,354
1. 649. 754
1.119,071
1,723.801
461.024

8, 960, 565
922, 869
11,361,092
2, 295, 592
2, 042, 624
476, 797
817,951
386, 468
1, 048, 087
911,225
9, 673. 2"4
9*7, 488
640. 450
962, 172
458,435

44,121,064

76, 907, 632

41,951.069

23, 576, 563

11,380, 000

77, 6(J7, 5 . 6
'

115, 159. 78P

91,454, 168

16, 785, 620

6. 920. 000

263,410,691

174, 872, 572

69,738,119

$175, 000
265, 000
10, 000
10,000
20, 000

10, 000
10, 000

29,375,936

Redemption
tuntl with
Treasurer.

11

31
32
133
I 34
35
36
37
! 38
39
I 40
141
I 42
i43
|44
45
46

CITIES.
12,203, 597
1, 082, 932
9,538.916
2, 523, 183
2,517.877
419,920
1, 063. 586
723, 149
2,314.335
1,208,296
7, 356, 774
1, 180,428
735,918
1, 143, 6:tl
108, 522

151,969,393

3, 542, 498
189,460
4, 234, 351
2, 167,824
1, 442, 363
469, 327
1, i 87, 830
5! 1,420
1, 976. 285
985, 000
5, 191, 100
66!, 266
472, h21
641, 629
2. 5^9

2, 285, 000

1,410 000
15, 000
720, 000
120, 000

18,800,000

42,402,609 j

1,107, 222
63, 807
419. 485
312, 030
273, 030
31,500
95 1"5
127 514
252, 370
29, 475
54. 257
22. 500
22, 5( 0
38, 695
27, 0O0

1
2
3
4
5
7
8
9
10
11
12
13
14

15

2,876,510
547. 100 16

138, 378, 515

13, 597, 352

and in reserve cities 25 per centum of circulation and deposit; since that date 15 per centum and 25 per



160

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Number of State hanks and trust companies, private bankers, and savings banks, with the
months ending
State banks and trust companies.
States and Territories.1
Banks. Capital.
Maine ...
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut

$50,
350,
260,
644,
3, 074,
2, 476,

New England States|
New York
New York City
Albany
New Jersey
Pennsylvania
Philadelphia
Pittsburgh
Delaware -• -Maryland
Baltimore
Washington
Middle States

40

17

615, 000
644, 205
2, 723, 698
1, 939, 276
133, 000
5, 705, 038
5, OHO, 444
1, 697, 764

Southern States..

241 i 26,694,662
1, 278, 058
626, 769
940, 924
1, 201, 244
987, 033
3,681,114

1, 337, 700
710,000
785,614
473,231
2, 521, 985
971,307
3,167, 050
5, 250, 582
767, 707
192, 032
259, 250

I-

United States



414

16,468,616

Private
Banks. Capital.

$8, 313
5, 202
36, 984
185, 063
568. 043
630, 543
254, 312

36.
1, 607,
1, 323,
6,120,
3.611,
3, 767,

$47, 319
1,000
3,700
250, 000
4, 483, 750
234,119
140, 000

11, 782, 335 |

11, 402, 788
30, 552, 744
71, 649
920
18, 727, 565
4, 104, 001
1, 474, 866
1, 824
143, 185
2, 072, 366
2, 988, 231

885 40, 005, 937

71,540,139
2,061,637
945, 544
119, 216
47, 745
683,840
272, 706
1. 257, 221
1,193,246
87, 343

1,012,426 i
1,441,669 ; 123, 758
643, 013
3,000
74, 017
218, 553
471, 197
112, 388

4, 052, 620
165,318
1, 795, 145
687, 524
172, 054

38, 505, 356 j 2, 055, 955 I
3, 132, 931 163, 656
20, 882
1,350,032
623, 837
4,198, 909
88, 268
2,169. 517
3, 228, 683 117,717
8, 846, 734 2, 398, 878
3, 378, 821
4, 849, 999 329, 692
2, 654, 682 112, 477
6, 252, 293
13,489
6, 100, 367 222,112
1,911,978
51,924
10, 360, 654 325, 025
849, 920
18,074,610
1,810,416
47, 883
480, 354
545,512

25, 151, 600 79,346,491

5,454,733

252 j 4, 809, 796

16, 292, 239

29, 567, 794 3,517,121

13, 541,159

213 4, 361, 082 17,004,516
775, 472 3, 042, 679
8
105, 000
826, 114
5
103 3, 164,190 9, 590, 096
3, 042, 881 13, 282, 590
286
586, 381 3, 72H, 779
23
124 1, 009, 099 3, 727,131
206, 041
826, 455
8
793, 229 3, 309, 346
81
161,500 1, 536, 607
4
245 2, 583. 754 7, 017, 806
70
935, 068 2, 814, 325
75 1, 083,125 4, 946, 562
10
614, 089
454, 973
117
796, 437 3, 066, 734
71
461,458 1, 539, 460
31
325, 667 2, 934, 365
1,474 20,845,757 79,805,653

108, 000
98, 560
8, 283, 006 11,269,822
197,341
7, 901, 233 18,199, 412 3, 319, 780

67

$120,155
61,240
16, 025
434,415
1, 636, 216
334,718
1,140, 936

163 1, 524, 103
452 31,187,192
91, 000
3
29, 180
0
185 4, 378, 527
42 1,346,729
324, 382
2, 000
98, 508
667, 256
357, 060

5,137, 229
270,208 I
3,089.199 ! 87,488 i
1,477,416
1
611,067
52,333 i
4,341,983

4,632,122
2, 280,131 I
412,310 !
5,902,969
5,116,149
3, 050, 686

Deposits.

74 I 5,159,888 ! 3,743,705

1, 688, 460

19, 581, 388 1, 941, 768
86, 794, 593 7,624,691
1,390, 139
354, 521
2,973,119
268, 883
10,072,689
478, 606
25, 234, 689
81,876
5,215,545
653, 938
917. 742
20, 000
441.056
251, 189
2, 274, 006 106, 863

38, 976, 546 154, 894, 971
2,321,590
1,177, 128
747, 894
295, 000
3, 634, 625

Ohio
Cincinnati .
Cleveland..
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin . .
Milwaukee.
Iowa
Minnesota
Missouri
St. Louis.. Kansas
Nebraska
Colorado

Western States
Neva da
California
San Francisco.
Oregon
Arizona
Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming
Pacific States and
Territories

6, 855, 630
7,001,542
18,148, 114
550, 000
1, 255, 373
4,411,404
762, 175
3, 270, 897
ti73, 689
455, 841
2, 447, 511

234

Virginia
West Virginia .
North Carolina.
South Carolina.
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans .
Texas
Arkansas
Kentucky
Louisville
Tennessee

000
000
000
349
385
896

Deposits.

Invested
in U. S.
bonds.

735, 988
256, 457
818,952
466, 913
2, 083, 517 7,912.530
974, 571
1, 203, 466
243, 673
112. 932
396, 279
127,511
18,368
5, 358
724, 031
446, 708
181,925
6. 667
206, 000 1, 233, 952
525,109
257, 000
271, 201
128, 054
117

5, 300, 583

14, 036, 579

113,970,677 318,783,228 24, 498, 604 2,802 176,121,961 182, 667, 235

161

REPORT OF THE COMPTROLLER OF THE CURRENCY.

average amount of their capital, deposits, and investments in United States bonds, for the six
May 31, 1880.
Savings banks.

bankers.

Invested \
\
in U. S. Banks.! Capital,
bonds. !
!
58
65
16
154
12

$38,550
1,984,618
7,045
18, 420
2,048,633 j

|
|
|.
i
j

Invested
in U. S.
bonds.

Deposits.
$21,599,469
i 28, 204, 306
I 6,907,562
.1142,510,224
i 56,796,871
. I 39,188, 748
' 73,549,860

422 |

i
!
|
j

203, 037
289, 758
8, 782, 499

181

24, 000
50, 000

2

340^912~!

'"""742"!
85, 600 i
45,000 !
I '
1
!

i

I

13, 000 I

703,819 !
254,789 |
.
54,542 i
419,685 !
557,889 I
160,945 !
65,921 j
16,050 !
72,284 !
.
2,425 !
.
97,764 i
68,044 i
103,183 !
.
23,475 j.
42,514 !
.
39,492 I.
2, 682, 821 ;

16?

57
56
105

i " '
*
;

1
•.
.'

5 j 342,912 j 1,457, 923 *j

8, 525, 645
49, 335, 306
641, 000
1, 324, 553
8, 789, 931
2, 108, 904
4, 053, 579
675, 689
564, 434
3,134, 842
357, 060

3, 036, 974
76
1, 247,128
20
790, 321
13 I
511, 499
13 i
1,000
58 i 4,068,279 •
9 !
83,830 !
26 ! 1,040,241 ;
33 ! 1,083,690 i
3 !
126,265 !
11 i 2,777,031 !
105 I 3,701,080 I
245, 110 !
15 !
7 1 I 6,099.606 I
5,267,028 j
15
1 nf*r\ 228
;
30 ! - 1, 769, 0 0 0 '
498 j 31, 847, 370

1,000 j

86, 959 ! 248
12
! 8, 940, 548 2,151, 270 I
1,413,171 !
42,061 I
550,515 I
60,000 j 316
5 ; 62, 400
10,570
|
34
5, 000
1
155
134, 267
11
150, 000 ! 1, 867, 594
109
4 j

65, 000 j

697, 202 j

I!

4
3 ;

•

48,167 '
!

'

'

208,018 !
.
273,847 :
.

309
170
28
14S
83

33

330,567

366, 695 I
14, 366, 684 j

| 5,704, 140 |
i 1,402,241 !
1,045,924 i
4,365,434 l
i 4,092,314 !
j 4,272,495 i
i 2,346,799
I 1,066,041
' 1,57K, 843 :
634,731 j
! 5, 153,906 : i
1,006,375
4,250. 175
5. 7(!.">, 5."5
1,564,144 :
653, 890
584,917 '

j

13 !

7
680, 7! 0 ; 2, 839. 944 :
......!
9 2,119,796 : 41,385,352 ! 2,711,604 j
1
41,742 j
58,532 !
6,300 j

304, 457
9, 430. 0 . 9
;'
12, 101, 540
20 ;
15 ! 3,245,208
112, 932
127.511
5, 358
446, 708
6,667
11
206, 000
4
257, 000
4
128, 054

17 2, 842, 248 i 44, 283, 828 J 2, 717, 904 |
658 4, 044,187 817, 644,113 189,187, 816


http://fraser.stlouisfed.org/ CUR
5745
Federal Reserve Bank of St. Louis

48, 293,
88, 890,
2, 910,
6,141,
822,
,671,
2, 340,
20,
264,
10, 200,
310,

7, 757, 202 j
4,034,743 |
1,596,632 j
658,812 !
5,910,827 I
287,289 1
2, 269, 647 '
2, 634, 915
87, 343
4, 632, 122
1, 332, 751
577, 628
7, 698,114
5, 803, 673
3, 222, 740

294,208
137,488
52,333
19,050
|24
742 I 25
209, 358
45, 000
643, 013
163,133
75, 102
306, 979
471, 197
125, 388

53, 504, 438 I 2, 542, 991
20, 834, 648
954, 434 34
4, 392, 711
275, 671 35
13, 965, 571 2, 829,649
13,172, 783
550, 014
17, 061, 788
735, 606
12,584,083
2, 559, 823
i
,
154, 894
7, 105,952
,
480, 009
7, 544. 048
184, 701
5, 964, 028
7, 788, 900
15, 914 | 43
13,326.101 !
319. 876 |44
5, 000, ) 50 • 119, 968
15,307,216 '' 428, 208
873, 395
18,688,699 !
4,877, 150 ;
90, 397
2,019,814 •
39, 492
3, 479, 877 i
50

13,961,405 ; 2,474,557 | 1,921 ' 46,327,924 i 173,12H, 0u9 I 10,612,111

100, 000 I.
129,272 !
112,423 |
25,000 L

i
!
j
I
!

615,618,967 166,865,

885,004 !
14,583

i
i.
1

| $3,292
924
690
13,857
9,0*51
5,207
8,404

$47, 319
51, 000
353,700
510, 000
5,128, 099
3, 308, 504
2, 616, 896

37, 693, 200

558,336

2,000 j

160 1 3 3 !
1,085 i
88 426 j

! Deposits.

528,460 |389,183,857

18,050 |

6,036 |

64
71
22

.|131,291,297 , ,„,„„.,,„.,„
.1174, 566,730 ! 73,737,079
12, 289, 861
$40, 000 17, 417, 079
270,878 i
i 22,157,680 !
458, 300 j 7, 961,178 !
i 1,207,860 i
10,085 i
235,703 |
20,075 i 21,467,947 !
!
317, 644

3,000 j

Capital.

Banks-

$3, 284, 637
919,297
653, 862
13,633,993
6,499, 110
4. 570. 369
8,131, 932

J368, 757, 040

358,430 I
7,528,342 j
800
274,180
117,527
7,425

Total.

11

834.548 .
ioo, "ooo 51
14,928,718 :
197, ?41. 52
67,497,201 ! 6, 100, 050 | 53
1,033, 103 I
118,723 54
243,673 '•
25, 000 55
39(5,279 '
.
56
18, 368 i .
57
58
724,031. |
.
59
181,925 I.
60
1,233,952 i
.
161
5?r>. 109 I
162
271,201

201 j 24, 435, 070
87,888,201

4, 456 |194,136, 825 17319, 094, 576~

6,601,720

162

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Number of State banks and trust companies, private

bankers, and savings banks, ivith the
months ending

State banks and trust companies.
States and Territories.

Banks. Capital. | Deposits.

Maine
New Hampshire.
Vermont
Massachusetts ..
Boston
Rhode Island
Connecticut
New England States.
New York
New York City .
Albany
New Jersey
Pennsylvania
Philadelphia....
Pittsburgh
Delawaie..
Maty land
Baltimore
Washington

Private
Banks. Capital.

Deposits.

$53, 200
1, 000
2.804
50,000
4, 065, 097
358,181
168,500

$169,764
45, 234
17,2b7
5:<9, 028
2, 570, 068
462, 268
1, 359, 079

$50, 000
350, 000
260,0u0
790, 033
3,361,008
2,451,600
41

7, 2«53, 841 ! 20,968,6221,917,814
7,211,333 25, 277, 222 1,832,351
20, 527, 888 105, 898, 639 6, 987, 938
66, 000
182,579
323, 675
1,167.6X3 3, 487, 561
388, 685
3,718,015 11,599, 119
33,6^8,619
48, 033
7t'8, 280
2,922,125 o, 943, 543 623, 348
844, 743
10,000
604,561
548, 605
256, 675
447,812
36,189
1,846,816 2, 346, 610

Middle States
Virginia
West Virginia..
North Cai olina.
South Carolina.
Georgia
Florida
Alabama
Mississippi.
Louisiana
New Orleans .
Texas
Arkansas
Kentucky
Louisville
Tennessee

218

Southern States
Ohio
Cincinnati
Cleveland .
Indiaua
Illinois
Chicago
Michigan
Detroit
Wisconsin ..
Milwaukee
Iowa
Minnesota
Missouri
St. Louis..
Kansas
Nebraska
Colorado

240 I 24,712,481

Western States .
Nevada
California
San Francisco.
Oi egon
Arizona
Dakota
Idaho
Montana
New Mexico .Utah....
Washington
Wyoming

399 | 24,757,047

99, 847, 750

3,251,769

89,(K)0
7, 778, 073
8,726,011
456, 344
80, 000

617.119
12,405,968
18,816,574
461,049
198, 669

4, 698, 782

5, 162,708

1,551,347
508 45,482,515
550, 000
3
26.231
5
172 4,140,679
1,890,614
52
563,910
7
5,000
1
49, 177
2
773, 657
19
364, 000
6

12, 6:)9, 067
45,414,376
1,611,470
1,560
19, 978. 585
6,174, 785
2, 025, 477
19,183
43, 742
2, 389, 032
3, 747, 703

254, 290
4,219,649
6,300
50, 0U0

51, 000

80
163

97,808

Pacific States and
Territories
United States



2, 280, 452
1,158,983
463, 807
305, 000
2, 959, 758

6,371,435
3,313,510
1, 063, 523
1,553, 145
3, 9U1, 950

615, 000
675, 293

1,109,300
1,311,167

2, 237, 803
1,487,013
130,236
5, 683, 5(53
4, 9<>7, 554
1,748,019

17

5,147,188
1, 777, 789
495, 204
7,165, 484
5. 903. 221
3, 356, 247
42,429,1(53

208, 136
66, 790
5a
45, 000

122, 693
395,161
65, 230
91,177
249, 922
199, 763

22
6
29
4
58
20
101
19
40
12
8

17,180, 428 32,597,187

18
3
4
8
30
6
21
11
3
5
107
31
23
3
5

369, 792
70, 000
40, 833
229, 956
478,910
99, 079
564,085
314,579
146, 329
32, 000
2, 560, 951
87, 066
368, 731
178, 000
48,517
5, 588, 828

17, 323, 504

213
8
4
106
310
24
137
7
79
4
276
89
81
11
135
86
51

4,119,220
812,167
55. 0t<0
3,130,2(38
4, 183,346
2,004, 197
1, 213, 796
36L, 25f5
848, 746
64. (.67
2, 975, 737
67l), 227
1, 120, 244
261,302
1, 001,172
675, 3()0
547, 827

19,931,774
3,863,817
963, 938
11,870, 164
21,050,14!)
10. 455, < 03
5,218,413
945, 669
4,901,883
530, 047
10, 388, 843
2, 772, 567
6, 843, 2(57
304, 976
4, 076, 393
2, 053, 586
2, 705, 441

1,443,922

162,308
3,300,421
6(», d!)4
l,5.->8,046
491,161
4, 87(>, 409
40. 190
2, 201,526
26, 333
l,3dl,320
8, 793, 445 1,001,700
42, 227
3, 4d4, 975
300, :<c>7
5. 887, 273
5, 204, ^69
95, 2-36
6, 954, 542
1,717
7, 97">, 671
291, 564
4, 47o, 337
23,774
14.810,825
339,742
24, 807, 7« 0
339,419
2, 342, 089
30, 937
007, 705
1,159, 507
5,000

2.-S
4
3
24
34
7

80

55,397, 130 I 94, 104,980

39,280,513 189.777,240 10,506,894

4, 530,239

2, 102,077
992, 892
102, 240
53, 921
1,308, 131
521,699
1, 372. 342
833, 326
35, 812
*7, 033,
184,
1, 936.
728,

240
305
815
464
11K, 240

1,621 23, 853, 472 109,481,990
,
387, 709
1,275,918
4is6, 500
67,319
216, 263
6,561
512, 706
13, 333
157, 225
284,050
135, 208
141

3, 785, 643

637, 530
1,022,592
8,27.,6(iO
973, 519
436, 587
484, 335
19,097
904, 498
459,518
1,484,711
657, 015
421, 310
15, 772, 372

978 113,194, 310 38576197962" 2176507668" 3,038 93,323,855 241, 845,554

REPORT OF THE COMPTROLLER OF THE CURRENCY.

ins

average amount of their capital, deposits, and investments in United States bonds, for the six
M ' n L881
May 31, L881.
bankers.
Invested
in U S.
bonds.

Savings b a n k s .
Banks. Capital.

Deposits.

Total.
Invested
in U. S.
bonds.

I
Banks

Capital.

Deposits.

!

Invested
in U. S.
bonds.

$24, 363. 290 1 $4,056,618
32,103, 124
740,091
10,046,910 i
622,525
164,037,832 14. 670, 009
70, 644, 577
7, 316, 024
43, 0 !9, 201 5,170,535
84, 289, 272
7, 049, 889

16,'667'
1,003, 343
32,613
8,003

57
$24,116,117
67 "$25,000 32, 092, 232
16
7, 971, 977
157
162, 120,982
12
59,921.155
33
38, 3(54, 066
83
78, 460, 347

1, 067, 652

425

25,000 403,052 876

36, 640, 795

546

11,987,623

429,184, 206

364, 268
», 670, 751
351, 000
333
288, 461
224, 208
20; 374

145,650, 176
192,517,560
13, 981, 392
20, 388, 409
309, 457
25, 007, 693
9, 918, 603
1,435.466
295, 395
23,123, 778
397,172

54, 898, 091
83, 257, 940
2, 964. 825
7,729,081
67, 850
6, 534, 049
2, 372, 208

195, 384
287, 029

89
24
7
33
1
4
5
2
5
10
1

300
563
12
48
246
74
30
7
11
39
7

8, 702, 080
66, 010, 403
616, 000
1,238,914
7, 858, 694
2, 658, 894
4,019,335
609, 501
507, 074
2, 640, 698
364, 000

183, 626, 465 i 57,094,710
343, 830, 575 99,910,629
3, 315, 825
15, 775, 441
8, 053, 089
23, 877, 530
744, 996
31, 947, 101
6, 806, 890
64, 831, 097
3, 015, 930
17, 887, 623
10, 000
2, 299, 392
267, 651
887, 742
27, 859, 420 10, 981, 418
318. 614
4,144, 875

11,401, 808

181

35, 000
35, 617

3

$9, 966

7,000

45, 000
533, 300
" 10,085
20, 225

$4, 049, 652
738, 716
50*, 777
14, 4H5, 728
5, 720, 483
4, 228, 338
6,909,101

60
$53, 200
72
76, 000
22
352, 804
163
310,000
02
4, 855, 730
55 j 3,719,789
100
2,020,100

10." 976*
10, 749, 845
31, 585

608,610 433,085, 101 168,617,050
418, 741

813, 449

2
15, 000
2
1 ""*2,"000

307, 201
929, 082
17, 750

21, 689

800
48 280
30, 000
1

14,666

2,129

1,337
74
19
13
14
54
7
28
3
13
120
14
75
15
31

2,397

1,250
80,000
11, 833

1
•
S
4
5
6
7

39,626,291
8
9
10
11
12
13
14
15
16
17
18

95, 286, 253 •716, 967, 321 190, 525, 752
3, 068, 985
1 228 983
504 (MO
549. 950
3, 438, 668
101,079
1,179, 085
989, 872
146, 329
2,271,932
4, 047, 964
217,302
6, 052, 294
5, 145, 554
1, 796, 536

9, 286, 90 L
4, 300, 402
1,105, 703
1, 914, 207
6, 199, 103
539, 449
2,481,642
2,144,493
35,812
5,149, 585
8,811,029
679, 509
9, 002, 299
0,031,085
3.474,487

264, 825
102,407
50
45, 000
7,000
800
170, 973
30, 000
395, 161
14, 000
60, 480
171,177
249, 922
211, 596

0L, 822, 546

1,729,391

21,405,977
5,421,803
15, 80 L, 757
15, HIS, 200
23,903.501
19,310,023
9, 017. 05!)
9,419.029
10. 100.752
7, 484. 589
18. 592, 795
7.754.414
21, 600, 092
25, 112,076
0,418,482
2,601,291
3, 864, 948

930, 899
340, 299
2,033,711
734,834
1. 357, 30.')
1, 198,937
117,241
509, 992
207, 190
2, 007
300, 976
69, 622
473, 884
383, 825
63, 537
14,070
20, 000

19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

203, 780

9

437, 870

2, 009, 879

21,6?9

.107

30, 739, 179

650, 222
280, 205
8, 9H7
571,999
l f 245, 738
172, 589
74,401
7, 333
111,900
350
67, 287
45, 848
134, 142
44, 400
32, 000
14*070
15,000

5

165, 000

1, 173, 782

118,309

75, 350
10,000
75, 000
150,000

10,021,320
1,710. 510
91(5. 035
67, 515
393, 071
2, 580, 087

2, 133, 583
122, 045
85. 234
24.018
550
202, 292

240
12
8
145
330
33
101
14
108
8
337
112
182
30
175
98
59

5, 509, 583
1, :574 317
1,059, ( » 7
55
4, 433, 4*8
4, 579, ay*
3, 905, 197
2,4)5,500
1,044,028
1, 830, 8(53
437, 898
5, 071, 408
2, K? 5.971
4. 300, 103
5, 7«53, 025
1,921,571
944, 372
903, 440

2, 058

49, 125,869

226, 909, 457

9,424,395

15
83
24
16
9
37
2
14
8
12
9
4

381,851
8, 847, 747
11,958,172
892.814
147,319
216, :63
6,561
512,706
13, 333
208. 225
284, 050
135, 208

1,251,649
15, (562. 084
68, 980, 029
1, 434. 568
635, 256
484. 335
19.097
904, 498
459 518
1,582,519
657,015
421,310

100, 000
254, 290
11, 234, 921
256, 300
50, 000

3,483, 180

1
15
6
2
2
1
3
3

40, 000

228, 281
500, 510

2, 125

38

515,350

17, 639, 717

2, 689, 440

681,965
4
8 1,951,243

2, 233, 524
41,892,395

6, 911,198

12 2, 633. 208

44,125,919

6, 911,198

100, 000
104, 074
250,000

454, 074
1ft, 670, 494

665 4, 220, 038 899,973,492 214,880,178




233

23, 599, 279

92, 495. 478 11,895,511

4,(581 210,738,203 1, 527,439, 008 253, 201, 340

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
fiO
61
6?

164

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Number of State hauls and trust companies, private bankers, and savings banks, tvith the
months ending
State banks and trust companies.
Invested
in IT. S. Banks
bonds, i

States and Territories.
Banks.;
1
2
3
4
5
6
7

Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut
I

Private

Capital.

$9,272
$50,000 !
25,541
450,000 j 2,629,483
260,000 ! 2,156,705
1,}-50, 000 ! 10,828,462
3,174,035 ! 4,379,082

$210, 000
4, 405
555, 325
810,417

New England States

8 I New York
9i
New York City
101
Albany
11 i New J e r s e y
12 i .Pennsylvania
13!
Philadelphia
141
Pittsburgh
15 j Delaware
16; Maryland
17
Baltimore
18
Washington
i

j
j

Middle State

19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

Virginia
W e s t Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi .
Louisiana
New Orleans
Texas
Arkansas
Kentucky . .
Louisville
Tennessee
j

Southern States

34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

Ohio
Cincinnati.
Cleveland
Indiana
Illinois .
Chicago
Michigan
Detroit
Wisconsin .
Milwaukee .
Iowa
Minnesota
Missouri.
St. Louis
Kansas
Nebraska
Colorado
I

Western States

51 j Nevada
52 1 California
53 j San Francisco
54 i Oregon .
55 i Arizona
56 Dakota .
57 Idaho
58 Montana
59 N e w Mexico
60 Utah
61 Washington
62 Wyoming
I
j
Pacific States and
j
Territories
j United States




7, 431, 333 31,281,778 1, 788, 506
21, 355, 841 130, 220, 961 7, 239, 463
550, 000
1,674,602
351,000
1, 183, 491 4, 047, 185
418,644
3, 760, 025 13,329,320
616,576
728,105 35,300, 119
42, 900
2,834,696
5, 770, 173
626, 174
554, 686
958, 305
6,667
456, 835
480, 104
244, 075
1,707,780
2, 445, 706
38, 202

1, 753, 420
51, 654. 464
91,000
16,710
4, 295, 918
2, 040, 877
785, 754
5, 000
37, 837
1,104, 268
408, 517

40, 562, 792 225, 508, 253
2, 369, 397
1,145, 057
510, 534
405, 000
2, 970, 333
615,000
659, 824

2,046,648
1, 620,183

2,213,700
1, 978, 079
112,167
5, 577, 074
5, 090, 596
1, 725, 292
25,372,053 i 48,465,265
121, 135
64,156
400, 000
197, 814
73, 167
1,158, 567
55, 100
216, 383
74, 999
3, 366
204, 390
22, 200
52s] 940
47, 229
35, 929

4, 294, 085
686, 994
77, 000
3, 286, 507
3, 735, 378
8, 6d4, 618
1, 407, 597
161,541
780, 952
160, 000
4, 186, 651
992, 068
1, 263, 396
295, 351
1,633, 919
931, 366
629, 939

23, 709, 057
2, 869, 514
1, 599, 202
14, 069, 359
24, 328, 452
10,916,243
6, 930, 293
1,095,923
4,317,066
2, 352, 465
16, 703, 267
4, 486, 316
6,961,756
246, 2S5
5, 046, 452
3, 046, 989
2, 469, 192

439 ! 26.486,256 [120, 170, '135
97, 3!3 !
359,627
7,190, 822 I 13, M l , 108
8,540, 142 ! 16,959,847
88. 175 i
545, 184
47, 167 i
32(5.019
39,435 !
29.249

1,012 |l 16, 806, 512 452,002,376 23,211,430

3,391 114,255,892 295,622,160

REPORT OF THE COMPTROLLER OF THE CURRENCY.

165

average amount of their capital, deposits, and investments in United States bonds, for the six
May in, 1882.
banker
Invested \
in IT. S. Banks. Capital,
bonds.
36, 630, 994
9, 249, 045
161,344,850
64, 137, 146
41,647,644
81,938,327

144, 250
450, 000
324,107
7,938,250
3, 580, 531
3,017.466

27, 406, 711
| 30, 65(3, 791
! 11, 900, 529
! 164, 119,761
! 80,945,999
| 46,580,215
! 88,894,964

$5, 314, 340

94,250 422, 120,536
1159, 564, 970
;209,919,280
15,416, 751
26, 394, 884
453, 744
88,501
10, 945, 882
1. 597. 886
10, 085
325, 989
20,350 ! 24,437. 120 | 11
225 !
483,205 i

9, 184, 753
73,010,31)5
641,000
1,255,201
8, 055, 943
2, 768, 9x2
4, 146,833
559, 686
504, 757
2, 832. 398
408, 742

65,825,398 i
105,051,411 !
4. 536,189 '
10, 530, 123
910,230
7, 573, 921
3, 930, 689
6, 667
255,051
11,374,767
358.219

612,043 1478,328,212 1189,775,842
411,783 i 1,083,348

2,000 !

3,191,770
1, 185, 057
567, 201
624, 577
3, 532, 000
133,521
1,191,175
1,032,361
132, 286
2, 368. 427
4, 686, 443
288, 843
6, 239, 442
5, 271, 096
1, 825, 065

1,146, 692
62,477

11,175 |
62,941
21,083 I

784, 737
203, 858
14,210
706, 965
634, 845 I
235,787 !
147, 207
5,750
816
3. 812
321,310
18,413
218, 696
45, 825
435. 531
38, 237
1,500

42, 500
9,000
30, 000
150, 000

1, 520,154
81, 654
11, 452,182
1, 990, 547
1, 651, 672
132, 257
206, 322
3,189, 367

37, 794
80, 922
94, 394
465,185
46, 398

1, 104, 796
268, 014
2, 153, 232
980, 879
826, 245
1, 432, 807
204, 457
403, 961
144, 815
7, 178
525, 700
40, 613
747, 636
93, 054
471,460
38, 237
11, 500

1, 739, 022
, 100
118, 233
38, 453
2,150
181,828

461,129 ! 21,441,468
3 ! 428,057 , 2,128,976 i
25,699
8 jl, 744. 583 i 44,678,418 \ 12, 825, S»u6

11 |2,172, 640 ; 46,807,394 j 12.851,605 ;
14, 870, 745

312,778 j 1, 139,283
7, 970, 885 17.24M.3o2
12,315, 190 72,501,819
95!, 542
2,915, 865
862, 746
129, 050
432, 224
839, 573
11,575
57, 390
570, 858
1, 434, 947
25, 927
793, 359
336, 458
2, 119,659
418, 657
], 008, 857
193,426
772. 07
287 23,668,576 : 101,694,878 ' 18,749,242 |

660 3, 867, 572 ;971, 073, 946 i242, 028, 782 j 5, 063 234, 929 976 jl,718,698,482 ;280,110, 957 j




166

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Number of State banks and trust companies, private bankers, and savings banks, with th«
months ending
State b a n k s and t r u s t companies.
States and Territories.

Maine
New Hampshire
Vermont...Massuchu setts
Boston
Rhode Island
Connecticut

Banks.

Deposits.

New England States

$26, 099
$50, 000
2,989, 123
450, (,00
260, 000 2,310, 348
1, 850, 000 11,803,403
2, 8d9, 444 9, 005, 582
2, 876, 600 5? 503, 4.32

$175, 233
7,015
555, 249
800, 000
42

40

8, 296, 044 31,637,987

53
33
2
10
65
16
17
4
3
7

Middle States

210

'

Southern States...
OLio
Cincinnati
Cleveland
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee
Iowa
Minnesota
Missouri
St. Louis
Kansas
Nebraska
Colorado

$83, 343

$256, 080

68, 333
5, 439, 589
406, 539
217, 833

20, 097
572, 673
3,621.863
577, 740
1, 519, 857

6,215, Gtf

6,568,310

1, 537, 539

94

31,456,891 1,788,097
14.'}, 742, 5G4 6,649,176
1, 7(59,771
351,000
4, 172,032
405, 075
424,189
14. 84I,4.'{()
42, 900
37,026, 174
618, 348
7,030,947
1,061,025
447, 0J7
240, 625
2, 469, 845
38, 202

1<6
506
3
4
189
44
8
1
3
35
8

1,742,889 15, 556, 555
51, 75s, 575 55, 565, 884
91,000
17, f>92
16,026
1, 119
4, 248, 463 24. 174,291
2, 206, 728 6, T.iS, 522
755, 312 2, 922, 571
5.000
8,519
39, 025
36, 149
1,126,738
3, 057, 709
428, 450 4, 611, 745

40, 604, 581 244, 017, 706 10, 507, 612

967

62, 418, 206 112,690,656

119,741
36, 291

381,991
40, 000
58, 333
177, 297
652, 177
153, 874
514,500
423,615
158, 536
85, 667
2,881,555
118,568
395, 386
181,000
111,591

7,661,046
21, 030, 532
550, 000
1,219,175
3, 877, 327
760, -J71
2. 794, 971
Wti, (586
4W, 793
1, 707, 780

Western States . . .
Nevada
California
S m Francisco
Oregon
Arizona
Dakota
_
_
Idaho
Montana
N ew Mexico .
Utah
Washington
Wyoming
Pacific States and
Territories
United
 States


2,244, 539
1,150, 314
566, 026
415,000
2, 845, 433

7, 664. 815
4, 035, 793
936.711
1, 959, 169
3,176,132

7
17
1
4
14
6
53
13
24

717, 500
614, 590
7,500
2,213,700
1, 785, 590
256, 973
5, 756, 869
5,109, 877
1, 653, 144

1, 906, 695
1,175,791
3,667
4, 628, 934
3,283,417
493, 801
6,721,715
7,331,686
2, 620, 008

117,038
22, 250
445, 740
6,229

17
3
5
9
29
9
22
11
4
11
123
16
22
3
5

25, 337, 055 45, 938, 3o7

248
26
2
3
24
13
11
19
5
32
5
61
26
125
19
59
37
14
481

5
60
6
3
1
5

2

82

Deposits.

1
3
61
7
13

55
18
11
4
21

..

Capital.

9

1
6
3
4
13
13

New York
New York City
Albany
New .Jersey
Pennsylvania
Philadelphia
Pittsburgh
Delaware
Maryland
Baltimore
Washington

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans
Texas
Arkansas
Kentucky
Louisville
Tennessee

Capital.

Private

Invested
in U. S. Banks.
bonds.

59,666
31, 500
202, 925

2, 934, 803
1,158, 647
83, 728
58,122
1,117,969
962, 202
1,530,913
949, 095
55, 907
692
8, 251, 624
249, 633
2, 244, 248
732, 766
344, 952

1, 040,714

289

6, 334, 090 20, 675, 301

132, 587
4,346, 189
26, 25J
1, 093, 727
6, 330, 405
405, 369
4, 286, 990
212,266
3, 235, 214
100, 548
15, 302, 803 1, 354, 825
4.. 029, 014
48, 376
7. 417, 295
190, 500
5,964,n34
25, 256
9, 588, 726
1,070
9,393, 150
303, 796
7,779,219
25, 533
16, 502, 648
532, 122
28.751.X42
368, 7ti0
2. 967. 604
30. 587
50, 556
! 1,521,620
10, 000
| 2,433,417

215
11
5
117
337
22
152
9
87
4
321
116
83
9
161
149
47

4,135.845
673,096
52, 000
2, 910,130
3, 654, 239
1, 473, 408
1,424,515
205, 708
764, 904
160,000
4, 200, 584
1, COO, 781
1,195,067
220,412
1,323,412
1, 044. 974
774,735

3,818,404

1,845

262, 382
77, 300
7, 835, 590 16.832,311 1,290,652
8, 530, 333 19,019.692 3, 902, 369
823, 557
90, 300
149, 965
25, 000
81, 645
52, 254

7
27
10
17
10
79
10
17
13
9
13
5

1, 257, 3l»0
3'JO, 0H>
1,118, 333
1,731,445
754,186
5, 466, 588
1,007,129
823,149
976, 762
473. 231
2, 740, 674
2,554, 115
4, 483, 020
5, 736, 675
1,404,849
7oO,328
615,754

32,14.1,538 130,943,897

143 682

16,754,459

296, 891

37. 466,443

5,193,021

217

22, 482, 648
2, 600, 855
1,359,130
12,151,432
24, 591, 579
10, 660, 525
7, 064, 720
1,192,947
4,405,467
2, 4*3, 026
14, 580,124
4, 770, 307
6, 05-.\ 073
18,729
5, 595, 708
3. 369,134
2, 423, 305

25,213,810 125,751,709
191, 434
364, 260
I,5n9, 162
868, 709
105, 248
567.104
39, 947
525, 727
25, 417
216.103
466, 414
214, 965

724.683
1,701,252
8.910.782
2, 752, 552
679, 988
1,299,323
184,471
1, 540, 824
920, 000
2, 274, 675
1,221,654
1,061,398

5, 094, 490 23, 271, 602

1,061 123, 135, 677 490, 064, 370 22, 097, 290 ir412~ 105, 276, 233 288, 957, 578

REPORT OF THE COMPTROLLER OF THE CURRENCY.

167

average amount of their capital, deposits, and investments in United States bonds, for the six
Novtmber'3\), 1CJ82.

Invested
in U. S. Banks. Capital
bonds.
$10, 137

Total.

Savings banks.

bankers.

Deposits.

Invested
in U. S.
bonds.

$20,265,309 i $5,349,712
38,499,070
521,145
12, 928, 438
643, 031
169,3f5, !;64 l 11,762, 142
81,338. 197 7,556,342
52, 567, 039 1 5, 148, 739
91.363,533 • 5,794.585

3J. 274, 199

55(3

475, 347, 570

963, 958

422

446.821
7, 926, 545

89
23
7
30

57, 500

4

"525,006'
30,135
20, 396
3(i9

'^. 824, 572
87, -280. 284
::, 889,15:5
25, G54. 735 8,591. !4(i
767, 743
99, 033
29. 7(57, 052 6. 367, 917
11,397, 8 5 3,026,942
1 (i79 80!)
358, 070
10, 976
25, 132,4(51 11,010,351
31,585
533, 743

492, 323, 664 179, 131,959

61
218, 107
73,914
54, 878

j

100,0*0
'.

84,340,264

437,141,273
164.154.094
! 21(5,9(54, 102
15 914 0 0
:

324]037

6
10
2

9, 227, 728

179

633, 400

20, 000
14, 325

3

399 806

1-148 941

6 000

1
3
1

30, 000
30, 000
2,000

5, 235
1, 947, 620
69, 603

1

100, 000

117, 973

107, 167

9

561, 866

3, 289, 372

557, 442
143, 083
11,525
516,305
€40,121
153, 249
131 803
5,933 1
92,435 1
3 614
210,551
14. 997 |
121.165 j

i

235, 000

1, 702, 765
85, 253
11,754,444
2,102,977
1, 63(5. 303
142, 087
434. 622
3, 374, 995

16, 675
2, 500
28,167

•
1
4 !
4
1

42,
8,
55
150,

500
500
000
000

48,333
10,000

105, 000
7. 9(57
149, 637
270, 000

45

549,333

1,606,872
101,558
78, 033
38, 600
152, 044

394,814
1,110, 140
34, 288

3
428.748
8 1,746,873

22, 772, 688
2,214, 169
45, 909, 257

56; 124
1

588, 728

3, 200

12 2,178,821

26. 664

308 . 9. 4o3, 935 211,1(57,540 61.009,490
562 : 72,789, 107 416, 272, 550 101, 8fMi, 005
4 240 15.'{
12 !
<U1 TOO 17 701 383
44
29, 827, 886
1,292,701
8, 99(5, 282
256
8, 125. 790 39, 783, 464
741,329
ti4
2, 9*56, 999 73, 531, 748
6, 484, 731
29 4, 075,2f8.{ 21,351,353
3, 700, 168
7
2, 749, 353
571, (586
12
841,246
505, 953
251, 601
52 2, 854, 914 30, 660, 015 11,231,918
10
5, 145,4^8
428,819
355, 622

1, 356 103, 656,187

7

36, 775, 696
8
9
10
11
12
13
14
15
16
17
18

849,032,026 198,867,299

2, 143,118
55, 000
14,3:5,007

3. 02(5, 396
1, 15)0,314
624, 359
622, 297
3,527,610
155, 874
1, 232, 000
1, 038, 205
166,036
2, 399, 367
4, 6(57,145
375,541
6, 152, 255
5, 290, 877
1, 764, 735

11,748 559
5,194,440
1,020,439
2, 022, 526
6, 241, 721
1,031,805
3, 437, 6U8
2,124, 889
59, 574
4, 747, 599
11, 535, 041
743, 434
8, 965, 963
8, 064, 452
2, 964, 960

19
50, 616 20
21
59,000* 22
6,000 23
24
25
31, 500 26
27
"202,925" 28
16, 675 29
119, 538 30
50, 417 31
445, 740 32
25, 729 33

546
166, Oil

36, (i85
35,512
2,710,262

14.6U.6cJl

1
2
3
4
5

75
21
16
14
53
10
2^
28
5
16
137
22
75
16
29

19, 500

18

Invested
Deposits. ; in U S.
; bonds.

6(5
$83, 343
(56 i
150, 000
23 i
450, 000
] 00
328, 333
79
7, '289, 589
53
3. 215. 98:5
109 ; 3.094,433

CH3
590
48(5
052

60,
878,
7.
7,

$29, 009, '229
i<8. 472. 971
9. 9i9, 218
1G6, 502, 943
65, 912 SMI
4'2. 983. 717

Capital.

$5, 339, 575
521, 145
467. 798
11,694.434
6, 122 5l>:<
4, 341, 25 5
5, 787, 491

57
65
16
154
14
33
83

$100, 000

Banks.

32, 233, 011

69, 903, 010

1,147, 881

5, 62* 145
973. 096
1, 170,333
4,641,575
4, 450, 925
6, 948, 49(5
2, 486, 644
1, 178,857
1, 741, 666
633, 231
6,989,591
3, 554, 896
5, 688, 087
5, 957, 087
2, 728, 261
1, 745, 302
1,390,489

28,531,602
3, 779, 835
19, 443, 979
18,541,399
29, 463, 096
26, 105,415
11 5^8 356
11,985,237
10,369,501
12,021,752
24,3(58,088
13, 659, 6<56
2> 589 009
28 770 571
8,563,312
4, 890, 754
4,856,722

856, 040
169,336
2, 023, 766
830, 129
818, 702
1, 546, 674

247~
14
9
159
355
35
173
15
119
9
386
146
209
28
220
186
61

139 741

!
!
i
!
'
'
!

j

180 179
348,477
117,695
4,684
514,347
40, 530
653 9X7
404 598
67/272
86, 068
10,000

2,371

57,906,681

279, 468, 294

8,671,784

12
90
24
20
11
84
10
17
13
11
13

*263, 734
8, 628, 599
11,786,308
959 (iO9
130 248
619,358
39, 947
525, 727
•25,417
359. 785
466,414
218,165

987 0o5
20. 747. 732
73,899.731
3 576 100

105 000
1,353,619
18,377,013
270, 000

34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

5

»i}9 953

1, 380, 9(58
184,471
1, 540, 824
920, 000
2,571,566
1,221,654
1, 088, 062

48, 210, 090 14.380,007 1 311 24, 027, 770 108, 948,135

51

52
53
54
55
56
57
58
59
56,124 60
61
62

20,161,756

13,597,143"
 667 4,023,420 1,003,737,087 229, 929, 283 5, 140 232, 435, 330 17782,699,035" 26576247416"


168

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Number of State banks, savings banks, trust companies, and private bankers, with their average
capital and deposits, and the tax thereon, for the six months ending November 30, 1882.
States and Territories.

j Backs.! Capital, j Deposits.

Maine
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut

83, 343
150, 000
450, 000
328, 333
7, 2*9, 589
3, 215, 983
3, 094, 433

New England State:
New York
New York City
Albany
New Jersey
Pennsylvania
Philadelphia...
Pittsburgh
Delaware
Maryland
Baltimore
Washington ...
Middle States
Virginia
"West Virginia ..
North Carolina .
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana ..
New Orleans..
Texas
Arkansas
Kentucky
Louisville
Tennessee
Southern States .
Ohio
Cincinnati ..
Cleveland...
Indiana
Illinois
Chicago
Michigan
Detroit
Wisconsin
Milwaukee .
Iowa
Minnesota —
Missouri
St. Louis...
Kansas
Nebraska
Colorado
Western States .
Nevada
California
San Francisco .
Oregon
Arizona
Dakota
Idaho
Montana
New Mexico
Utah
Washington
Wyoming

Pacific States and Territories
Grand totals..



Tax.
I On capital. On deposits.
$784 18
1,707 70
7, 582 26
7,425 74
38, 579 64
31,667 62
24,147 39

$29, 265, 309
38, 499, 071
12, 928, 438
169, 385, 964
81, 338,196
52, 567, 039
91, 363, 553

14,611,681

21
1G
14
53
10
29
28
5
16
137
75
16
29

546 ! 32,233,011
5, 628,145
973, 096
1,170, 333
4, 641, 575
4,450, 925
6, 948, 496
2, 486, 644
1, 178, 857
1,741,666
633, 231
6, 989, 591
3, 554, 896
5, 688, 087
5, 957, 0*7
2, 728, 261
1, 745, 302
1, 390, 489

247
14
9
159
355
35
173
15
119
9
386
146
209
28
220
186
61
2,371

57,906,681

12 ,
90
24
20
11
84

io
17
13
n
13
6

268, 734
! 8, 628, 598
! 11, 786, 369
1)59,009 j
:
130,248
i
619,358 j
|
39,947 !
;
525,726 ;
!
25,417
;
359, 785 (
i
466,414 '•
218,165 '*
!

311 | 24,027,770 |
5,140

20
70
17
29
04
85
74

18,047 50
145, 533 41
725 00
2,075 19
18,708 71
7, 125 46
8,437 79
, 429 21
663 32
6,583 39
261 95

103,656,187 ! 849,032,1)26
3, 026, 396
1,190,314
624, 359
622, 297
3, 527, 610
155,874
1, 232, 000
1,038,205
166, 036
2, 399, 367
4, 667,145
375,541
6, 152, 255
5, 290, 877
1, 764, 735

$967
2, 082
8, 269
8, 077
53, 219
37, 688
31, 865

111,894 53 I 142,169 99

9, 403, 935
72,789, 107
641, 000
1, 292, 702
8, 125,790
2, 966, 999
4, 075, 283
571, 686
505, 053
2, 854, 9L3
428, 819

1,356
75

Total,

118,701 18 | 136, 748 68
498,409 93
643, 943 34
4, 472 23
5, 197 23.
10, 587 45
12, 662 64
98, 214 02
116, 922 73
109,411 92
116, 537 17
27,216 30
35, 654 09
2,712 25
4,141 46
1, 324 79
1,988 11
14, 048 11
20, 631 50
11,527 37
11,791 32

209, 590 93

896, 627 34 1,106, 218 27

7.2HT60

26,981 11
12,986 07
2, 551 07
5, 048 83
13, 611 08
2, 4L7 90
8,593 97
5, 312 13
148 93
11,574 14
28, 837 54
1, 858 53
22,414 75
20, i61 12
7, 412 34

11, 748, 559
5, 194,440
1, 020, 439
2, 022, 526
6,241,720
1,031,806
3, 437, 608
2,124, 889
59, 574
4, 747, 599
11, 535, 041
743, 434
8, 965, 963
8, 064, 452
2, 964, 960

2,849 24
1,560 89
1,408 24
8,803 92
389 66
3,080 00
2, 516 73
415 09
5,491 10
11, 626 13
( 4 00
.0
15,254 55
12,112 86
4, 347 49

69, 903. 010

77, 712 50 !

28, 531, 603
3, 779, 835
19, 443, 979
18, 541, 399
29, 463, 096
26, 105, 415
11, 528, 356
11,985,237 I
10,369,501
12,021,752
24,368,088
13, 659, 666
22, 589, 009
28, 770, 571
8,563,312
4, 890, 753
4, 856, 722

12,207
2, 009
1, 883
9, 782
9, 269
13,593
5,766
2, 356
4, 059
1,571
16,187
8, 785
12, 586
13,881
6, 652
4, 148
3,451

279, 468, 294
987, 0ti5
20, 747, 732
73, 899, 731
3,576,110
829, 953
1, 3*0, 968
184, 471
1, 540, 824
9:0,000
2, 571, 566
1,221,654
1, 088, 061

108,948,135 j

232,435,330 |1, 782, 699, 035

16
40
60
43
34
55
03
05
86
36
89
90
93
21
44
05
23

128, 192 43
409
18,187
16, 972
1, 722
325
1,548
99
1, 314
63
759
1, 166
545

33
42
22
52
61
36
86
31
55
14
02
41

43,113 75
488,885 07

169, 909 51 j
67,261 32
9,241 37
19, 223 84
41,338 13
69, 999 63
64, 910 26
27, 826 75
23, 192 31
25, 923 61
30, 054 37 i
60, 036 28
31, 724 62
56,472 25
71,926 42
21, 4u8 09
12, 226 69 !
12, 141 74

34,197 71
15, 835 31
4, 111 96
6, 457 07
22,415 00
2, 807 5 &
11,673 97
7, 828 86
564 02
17, 065 24
40, 463 67
2, 498 5$
37, 669 30
32, 273 98
11, 759 83
247, 622 01
79, 468 4»
11, 250 77
21,107 44
51,120 56
79, 268 97
78, 503 81
33, 592 78
25, 548 36
29, 983 47
31, 625 7a
76,224 17
40, 510 52
69, 059 18
85, 807 63
28, 060 53
16, 374 74
15, 592 97

644, 907 68 I 773, loO 11
2,
48,
86,
8,
2,
3,

467
039
126
940
074
452
461
3, 852
2, 299
6, 428
3, 054
2, 684

64 I
2, 876 97
28 I 66, 226 70
64 | 10i, 098 86
26 I 10, 662 78
86 j
2, 400 47
30
5, 000 66
17 !
561 03
03 !
5, 166 34
99 |
2, 363 54
92 I
7, 188 06
10
4, 220 12
13 |
3, 229 54

169, 881 32 I 212, 995 07
1, 993, 220 38 2, 482, 105 4 5

REPOET OF THE COMPTEOLLEK

OF THE CURRENCY.

169

Table, by geographical divisions, of the number, average capital and deposits, of State banks,
private bankers, and trust and loan companies, and of savings banks with and without
capital—
FOR SIX MONTHS ENDING NOVEMBER 30, 1875.
St ate

Geographical divisions.

banks, private i c,ivil)fl.s u T l k c w i t h [Savingsbanks!
bsmkera, and trust : h ' t u l l ^ 5 r " W l t t l j withoutcapcapital.
ital.
companies.

No. Capital.

New England States 126
Middle States
1,270
Southern States .. j 517
Western States and
Territories
1, 853

United States .. 3, 766

<* JNo.

^u> |
i

its.
"

Total.

No. [capital,

\Miirns. MilVns.
\JIilVns. MilVns. \
MilVns. Mill'ns.
\MilVns.
443.1
11.6; 24.0
2\
0.3
5.2 436
564
11.9
413.9
616.0
1,491
91. 0
90.8
232.4 ; 3
0.2!
0.8
218 ! 382.8
45. 0
36. 4
30. 0 I 42. 6 3 !
0. 4 j
0. 5
3
1.9 523
70. 9 ! 188. 0 i 19
209.3 ! 487.0 I 27 j

4.1

5. 0 |

32.6 !
j
39.1 I

38

75.0

47.0 |l,910

845.6 4,488 j 214.3

267.6

1, 371. 7

FOR S I X MONTHS E N D I N G M A Y 31, 1876.
23.6
223.4
44.9

1
3
3

0.2
0.3
0.4

4.4
1.2
0.6

77.4

188.1

19

4.1

31.0

39

214. 0

480.0

26

5.0

37.2

691

New England States 135
Middle States
1, 256
516
Southern States
Western States and
I, 896
Territories

11.7
89.2
35.7

United States .. 3, 803

436
212
4

415.1
572
382.5 1,471
2.0
523 ;

11.9
89.5
36.1

45.0 1,954 ]

81.5

264.1

844.0 4,520 ; 219.0

1, 361. 8

443.1
607.1
47.5-

FOR S I X MONTHS E N D I N G NOVEMBER 30, 1876.

New England States 131 I 1 1 . 3 4 22.76
1,213 I 88.34 226.40 I
Middle States
Southern States
505 ! 35.40
42,40 |
W estern States and
Territories
1, 915
82.14 192. 49
United States .. 3,764 | 217.22 484. 05

1\
2 i
4:

0.20
0.16
0.48

4.15
0 77
0.64

17 |

4.21

32.38

35

24

5.05

37.94

687

438
211
3

11.54
449. 9(>
422. 99 570
88. 50 612. 99
385. 82 1, 426
45.08
512
35.88
2.04
1,967 | 86.35 269. 5544.68
4,475 i 222.27 1, 377. 52:
855. 53

FOR SIX MONTHS E N D I N G M A Y 31, 1877.
11.07
84.87
34.58

19.99 1
215.87 ; 2 i
46.17 ; 3

0.20 !
0.16
0.42

88.11

188.51 i 20

4.09

32.83

United States .. 3, 799 I 218. 63 470. 54 i 26

4. 87

38.17 j 676 843. 16 4,501 i 223.50 1, 351. 87

New England States 117
1, 202
Middle States
517
Southern States -.
Western States and
1,963
Territories

3.94
439
0.88 ! 200
0.52
4
33

428. 69 557 ! 11.27
368.81 1,404 | 85.03
2.12
524
35.00
43.54 2,016

92.20

452. 62
585. 56
48.81
264. 8&

FOR SIX MONTHS ENDING MA Y 31, 1878.
New England States' 113 ! 11.05 I 18.29 ! 1
0.07 I 1.14 | 441 403. 43 555 i 11.12
Middle States
1,133 ! 76. 93 j 184. 02 ! 3 i 0. 16 I 1. 37 i 190 358. G* 1,326 I 77.09
520 ! 35.56

422. 86
544. 07
47.77

81. 62

228. 09

513 I 34.68 | 44.35 ! 4 j 0.88 j 1.28 ;
Southern States
3
"Western States and
1, 950 | 79. 49 | 166. 65 j 15 j 2. 13 | 22. 39 j 34
Territories .
United States .. 3, 709 ! 202.15 I 413. 31 | 23 i




2.14

3. 24 j 26.18 j 668 j 803. 30 !4, 400

!

205. 39 1, 242. 79-

170

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table, by geographical divisions, of the number, average capital and deposits of Stat$
banks and trust companies, private bankers, and savings banks with and without capital,
for the six months ending May 31, 1878 the private bankers being given separately.

Oeographical divisions.

State banks and trust
companies.

Savings banks with
capital.

Private bankers.

Savings
banks without capital.

No. [capital. DfP°»- No. Capital. D £ P 8 ° S -|No. Capital.! Depos- No. Deposit*
MilVns MilVns.
8.19
42. 45 122.10
27. 38
30.67

NewEngiand States
Middle States
-Southern States
Western States and
Territories

361

46.33

United States ..

853

124.35

42
217
233

MilVns. MilVns.
MUVns. MUVns.l
0.07
2.86
3.23 I 1
1.14
0.16
34.48
61.92 j 3
1.37
O.feS
7.30
13.68
4
1.28

71
916
280
1,589

33.16

105. 00

229.48 2,856

77.80

183. 83

61.65

15

441
190
3
34

39.05

668

803.30

2.13 : 22.39
3. 24

26.18

MilVns.
403. 43
358. 68
2.14

Table, by geographical divisions, of the number, average capital and deposits of StaU
banks, private bankers, savings banks, and trust and loan companies, for the six monthi
ending May 31, 1878, and of the number, capital, and deposits of the national bank$ on
June 29, 1878.

Geographical divisions.

State banks, s a v i n g s
banks, private bankers,
and trust companies.
No.

New England States. 555
1,326
Middle States
Southern States . . 520
Western States and
Territories
1,909
United States.. 4,400

National banks.

Total.

Capital. Deposits. No.

Capital. Deposits. No.

Capital. Deposit*.

Millions. Millions.

Millions.
166.52
177.18
31.49

Millions.
128. 83 1,097
374. 89 1.960
35.94
696

Millions.
177.64
254.27
67.04

Million*.
551.69
918.96
83.71

11.12
77.09
35.55

422.86
544. 07
47.77

542
634
176

81.62

228. 09

704

95.20

137. 50 2,703

176. 82

365.99

1,242.79 -2,056

470. 39

677.16 6,456

675. 77

1,919.8*

205. 38

Table, by geographical divisions, of the number, average capital and deposits of 8tat§
banks and trust companies, private bankers, and savings banks with and without capital,
for the six months ending May 31, 1879, the private bankers being given separately.

Geographical divisions.

State banks and trust
companies.

Private bankers.

Savings
Savings banks with banks withcapital.
out capital.

No. Capital. Depos- No. Capital Depos- No. Capital. Depos- No. Depotits.
its.
its.
its.
New England States..
Middle States
Southern States
Western States and
Territories

40
239
251
475

United States.. 1,005




MilVns. MilVns.
7.10
14. 39
40. 72 124. 64
27.43
32.60
52.02

70
853
237

MilVns. MilVns.
3.72
3. :>2
34. 54
54. 53
5.64
11.89

MilVns. MilVns.

"i'

"0.51
0.86

426
' *2. 44 182
3
0.83

MilVn§.
3('>6.46
350.95
1.69

3
85.44 1,474

127. 27 257. 07 2,634

25.85
69.75

70.18
139. 92

2.85
20
29

32.80

33

27.96

4.22

36.07 644

747.06

REPORT OF THE COMPTROLLER OF THE CURRENCY.

171

Table, by geographical divisions, of the number, average capital and deposits of State banks,
private bankers, savings banks, and trust and loan companies, f>r the six months ending
Mail 31, 1879, and of the number, capital, and deposits of the national banks on June 14,
1879.

Geographical divisions.

State banks, savings
banks, private bankers,
&c.
No. Capital. Deposits. No.

530
New England States
Middle States
1, 280
Southern States ... . 494
Western States and
Territories
2, 002

United States.. 4,312

Millions. Millions.
10. 83
384 17
75. 77
532. 50
33. 92
47. 02
80.72

Total.

National banks.

544
640
170

216.37

Capital. Deposits. No.

Capital.

Deposit*.

Millions. Millions.
Millions. Million*.
104.4:*
120.72 1.0F0
175. 26
510. 80
170.21
39*. 12 1,920
925. 08
245.98
30. 40
37.93 670
84.95
64.32
90. 20'

155. 63 2, 690

170. 92

372. 00

455. 24

713.40 6,36,0

656. 48

1, 893. 52

688

201. 24 1, 180. 12 2, 048 !
!
I

Table, by geographical divisions, of the number, average capital and deposits of State banks
I and trust companies, pr'nate hankers, and swings banks with and without capital, for th$
»ix months ending May 31, 1880, the private bankers being given separately.
State banks and trust
companies.

Private bankers.

Geographical divisions.
No. Capital. Deposits.

New England States ... 40
Middle States
234
Southern States .
241
Western States and Territories
481
United States ....

996

Savings
Savings banks with banks withcapiial.
out capital

No. Capital. Depos- No. Capital. Depos- No. Depoiits.
its.
its.

MiWns. MUVns.
6.86
16.47
38.98 154. 89
26.69 38.51

74
885
252

MiWn*.
MUVns. MUVns.
MUVns. MUl'ns.
422 368,71
5. 16
3.74
71.54 6 ' "6. 53 **3.19 175 386.0t
40.01
.8t
13. 54 3
0.34
2
4.81
0.57

108.91 1,591

26.14

93. 85 20

3.17

30.85

30

27.30

113. 97 318. 78 2,802

76.12

182. 67 29

4.04

31.61 629

783.lt

41.44

Talle, by geographical divisions, of the number, average capital and deposits of State banks,
private bankers, savings banks, and trust and loan companies, for the six months endinf
May 31, 1880, and of the number, capital, and deposits of the national banks on June 11,
1880..
| State banks, s a v i n g s
banks, private bankers,
National banks.
&c.
Geographical divisions.
No. Capital. Deposits. N o . Capital. Net deposits.
New England States. I 536
Middle States
1, 3(»0
Southern States
498
Western States and
2,122
Territories
United States.. 4,456




No.

Capital. Deposits.

Millions. Million*.
Millions. Millions.
550. 93
161.96 1,C84
177. 62
165. 60
249. 05 1, 095. 61
170.44
480 06 1,954
30. 79
45.90 675
62. 64
99.40
89. 08
212.87 2,819
697
159. 84
473.8T
261. 00
2, 076
455. 91
900.79 6,532
650. 05 2,219.88
1,319.09

Millions. Millions.
12.02
388. 97
79. 51
615.62
31.85
53.50
70.76

Total.

548
654
177

172

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table, by geographical divisions, of the number, average capital and deposits of State banks
and trust companies, private bankers, and savings banks with and without capital, for the
six months ending Mai) 31, 1881, the private bankers being given separately.
Savings

a..

Private ban
Geographical divisions.
N o . Capital.

New England States ..
Middle States
Southern States
Western States and Territories
United States

41
218
240

MiWns. MiWns.
7.26
20. 97
39. 28. 189. 78
24. 71 42.43

80
938
258

B s

r-

N o . Capital.

N o . Capital.

MiWns. MiWns.
5.16
4.70
94.11
55.40
17.32
5.59

1
7
6

No. Deposits.

MilVns.
MilVns. MilVns.
402.86
0.02
0.19 424
428.40
0.61
4.68 174
1.24
0.44
0.84
3

479

41.94

132.44 1,762

27.64

125. 26 22

3.15

31.90

28

29.86

978

113.19

385. 62 3,038

93.33

241. 85 36

4.22

37.61 629

862. 36

Table, by geographical divisions, of the number, average capital and deposits of Statebanks,
private bankers, savings banks, and trust and loan companies, for the six months ending
May 31, 1881, and of the number, capital, and deposits of the national banks on June
30, 1881.
State banks, savings
hanks, private hankers, &c.
Geographical t divisNo.

New England States. 546
Middle States
1,337
Southern States
507
Western States and
Territories
- 2,291

United States ... 4,681

Total.

National banks.

ions.

Net deposits.

Capital. Deposits. N o .

Capital.

Millions.
12.0
95.3
30.7

Millions. Millions.
Millions.
165. 9
208. 6 1,098
177.9
171.7
599.7 2,001
267.0
31.1
691
59.5
61.8

72.7
210.7

Capital. Deposits.

No.

MUlions.
637.8
1,316.7
121.3

Millions.
429.2
717.0
61.8

552
664
184

319.4

715

91.5

272.1 3,006

164.2

591.5

1, 527. 4 2,115

460.2

1,139. 9 6,796 s

670.9

2, 667. 3

Table, by geographical divisions, of the number, average capital and deposits of State banks
and trust companies, private bankers, and savings banks with and without capital, for the
six 7)ionths ending May 31, 1882, the private bankers being given separately.

G-eographical divisions.

State hanks and trusti
companies.
No. Capital. Deposits.

Private hankers.
No. 'Capital.

MilVns. MilVns.
MilVns. MilVns.
9.42
24.96
104 | 7.13
8.32
40.56 225. 51 1,014 I 62.19 113. 08
25.37 48.47
293 ! 6.37
19.98
42.54 153. 06 1,980 | 38.56
521
153.14
United States ... 1,012 116.79 452. 00 3,391 j 114.25
295. 62

New England States
Middle States
Southern States. .
Western States and
Territories

40
205
246




avings hanks with

capital.

No. Deposits.

No. Capital.
MilVm.
0.09
0.61
0.53
2.63
3.86

Savings
hanks without capital.

!
I
j

MilVns.
MiWns.
0.77 418 421. 35
5.07 173 473. 26
1.23
1.15
2
34.17
34.07
29
41 24

622

929. 83

REPORT OF THE COMPTROLLER OF THE CURRENCY.

173

Table, by geographical divisions, of the number, art rage capital and deposits of State banks,
private banks, savings banks, and trust and loan companies, for the six months ending
Mail 31, 188*2, and of the number, capital, and deposits of the national banks on July
1, 1882.
State banks, savings
banks, private bankers
i &c-

National banks.

Geographical divisions.
i
; No. Capital. | Deposits.

No. I Capital,

Total.

Net de-

No.

Millions. Millions, i
j Millions. Millions.
!
557
165.7
191.4 1,121
456.5
15.5
New En gland S t a t e s ! 564
816.9 | 686
173. 3 I
572. 8 |2, 086
103.4
Middle States
.1,400 !
70.8
200
32. 9
62 0 ! 747
32.3
Southern States
; 547 i
32.9
Western States and !
i
374.5
Territories....
2,552
83.7
796
305.5 3,348
105. 3
United States . . . 5, 063 j

477.2

234. 9 j 1, 718. 7 2, 239

1,131. 7 7, 302 !

Capital. Deposits.

181.2
276.7
65.2

Millions.
647.9
1, 389.7
132.8

189.0

680.0

712.1

:, 850.4

Table, by geographical divisions, of the number, average capital and dtp sits of State banks
and trust companies, private bankers, and savings banks with and witho f capital, for the
six months ending November 30, 1882, the private bankers being given separately.

Geographical divis- \
ions.

State banks and trust
companies.
No.

New England States . I 40
Middle States
I 210
Southern States
1 248
Western States and I
Territories
j 563

Private bankers.

Savin

^b^k
capital

sw i t h !

| out capital.

| No. Capital. Depos- -jo-0 Depos-

No. |Capital.|

Capital.

j

MilVns. MilVns.
MUVns.l MilVns \
MxlVns.
6.57
6.22
0.89 420
436. 25
o-io
152. 42 112. 69
5.34 171
486. 98
0.63
20.68
6. 33
1.80
1.50 j 2
7 i
0.56
I
(
2.73
35.23
48.90 j 168.40 2, 062 ;$o. 31 149. 02 25
35.74 I 32

MilVns. MilVns.
8.30 I 31.64
40.60 244. 02
45.94
25.34

94
967
289

United States . . | 1 , 061 j 123.14 i 490. 00 3,412

Inf.. 28

288. 96 i 42

4.02

43.47 625

960. 26

Table, by geographical divisions, of the number, average capital and deposits of State banks,
private bankers, savings banks, and trust and loan companies, for the six months ending
November 30, 1882, and of the number, capital, and deposits of the national banks on December 30, 1882.

Geographical divisions.

• State banks, savings
'
i banks, private bank-

National banks.

No. j Capital, j Deposits. No. ; Capital. Deposits.| No.
| Millions,
14. 62
New England States-! 556 !
Middle, States ..
! 1,356 I 103.66
Southern States . . : 546
32. 23
Western States and !
|
Territories
,2, 682
81. 93
United States .'5,140




j Millions.
j 475.35
849.03
;
69. 90

560
691
214

I

843

588. 42

Total.
Capital. Deposits.

i Millions. Millions. \
Millions. \ Millions.
166. 23
19X. 15 1,116 180. 85
668. 50
173. 19
556.55 |2, 047
276. 85 1, 405. 58
34. 80
67.03
138. 74
68. 84 760

232.44 i 1,782.70 2,308 !

110. 66

301.28 [3,525

484.88 | 1,119.82 17,448

9.70
717. 32

2, 902. 52

174

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table of resources and liabilities of State banks at various dates.

Resources and liabilities.

New Hamp- Vermont,
shire. J a n .
J u n e 30,
1,1885.
1885.
1 bank.

Khode Island, Nov.
18,1884.

Connecticut, Oct.
1, 1884.

8 banks.

10 banks.

6 banks.

$1, 804, 989

$2, 601, 005

N e w York, N e w Y o r k
Sept, 12,
City, Sept.
1885.
12, 1885.
64 b a n k s .

28 b a n k s .

RESOURCES.

Loan8 and discounts
Overdrafts
United States bonds
Other stocks, bonds, &o ...
Due from banks
Real estate
Other assets
Expenses
Cash items
Specie
l b l t d e r s , banknotes, &c

$82, 009
12, 400
"" 1,854

75, 522
8."»2,178
261, (J8G
5, lf)0
68, 513

182, 327
162, :«8
219,5 H
3, 8 54
3,3*7

$3, 515, 980 $32,140,274
69, 859
298, 872
6K5, 991
142, 954

469

39, 756

13,928
132,2(34

304,934

96, 732

3,107, 234

3,318,587

4,948,731

Capital stock
Circulation
Surplus fund
Undivided profits
Dividends unpaid
Deposits
Due to banks
Other liabilities

50. 000
1,130
17, 673

455,000

1, 785, 831
5,4(6

1, 850, 000
19, 356

185, 544
6, 642
1,172. 3(56
162,788

Total.

96,732

3,318,587

Total.

2, 910, 942
8, 697, 169
685, 987
91,958
177, 035
717,353
807, 984
1, 763, 267

$68,736,634
22,4182,103, 288
4, 890, 908
2, 243, 427
681, 561
212,048
21,735,094
12,819,217
6, 210,47ft

48,061,828 | 119,605,671

LIABILITIES.

Resources and liabilities.

1,155
17,961
8,813

5, 000
115, 520
2*480, 946

8,163, 000
5,470
2, 381, 584
1,761,879

14,187, 700
2,605
4,512,6392, 949, 673

2, 284, 665
395, 388

31,278, 723
2, 898, 032
1, 573, 060

85, 495, 295
11,510,231
947, 608

4, 948, 731

48, 061, 748

119, 605, 751

399, 322

50, 768
3,107,2:J4

New Jer- Pennsylva- Maryland,
sey, Jan. 1, nia, Nov. 1, Oct. 1,
1885.
1884.
1885.
9 banks.

81 banks.

Virginia, South Caro- Georgia,
July 1,
lina, Sept. June 30,
30, 1884.
1885.
1885.

10 banks.

52 banks.

5 banks.

$3, 852, 274 $23,737, 720 $4, 410,145
JLoans and discounts
1, 078
220
O verdi afts
281,000
1,09:?, 100
5n, 000
United States bonds
280.210
4, 083. 346
4:U7'
O t h e r stocks, bonds, &c
401,481
3, 958, (Ki4
D u e from banks
120, 02 L 2, 039, 437
430, 81-0
Real e s t a t e
1, 327, 4«i7
32, 800
31,3V I
Other assets
181,041
11,043
21,977
Expenses
3, 947
182, 4. ,1
Cash i t ems
8:*8, 7o4
4Ii. M4
4,875
Specie
270, 901
1, 8-"»5. 307
291, 7;<1
Legal tenders, b a n k n o t e s , <fcc

$8, 042, 406
104, 54L
11,006
1,146,065
1,241.734
387, 658
98, ^70
79,1)93
320, 989
34H, 235
586, 800

$1,710,779

6, 2U4. 3K5 j 12,163,357

3,167,746

10,181,615

21 banks.

RESOUUCE8.

Total .

5, 327, 832

39,714,830

1,299, 350

8, 050, 205

366,
154,
l
3,400,
52.
30,

600
801

1,521,
844,

800
04!)
0U0

50," 666"
92H, 975
123, 796
103, 741
1, 246
11,470
237, 739

$7, 621, 598
5,914

6, 334, 586
444, 043
348, 422
260, 834
62. 990
70, 035
305,811
721, 382

LIABILITIES.

Capital stock
Circulation
Surplus fund
Undivided profits
Dividends unpaid
Deposits
Due to banks
Other liabilities
Total .




5, 327, 832

2, 006, 8(o
2:3

2, 881, 439

500, 000

7, 921, 950

242,1(0

28,161,
540,
596,

180,4(8
32, 74 5
3,651,15 6
149,8(0
30, 9f 8

556, 011
234,371
41,185
7, 846, 492
208, 818
395. 041

46, 000
122, 231
200
2, 341, 354
59, 706
98, 255

1, 274, 8flO
28, 954
5,271,547
610, 628
1, 073, 646

39,714,836

6, 294, 3b5 1 12,163, 357

3,167,746

16,181, 615

I I C E T OF r JEi: COMPTROLLER OF THE CURRENCY.
Table of resources and liabilities of State banks at various

175

dates—Continued.

Florida,
Apr. 30,1885.

Louisiana,
J u l y , J8H").

1 bank-.

Resources and liabilities.

4 banks.

6 banks.

69 b a n k s .

$4, 036, 049 i

$1, 728, 998
19, 868

$21, 538, 357
36,155
5, 905
1, 282, 920
3,251,720
777, 919
444, 249
14, 890
17, 034
106, 323
2,318,943

$43,041, 286
506, 650
996, 053
4, 368, 017
10, 722, 815
1, 689, 607
236, 015

72, 544, 885

Kentucky.
Missouri,
Texas,
J u n e 30,1884. J u n e 30, 1885. A u g . 31,1885.
187 banks.

RESOURCES.
Loans and discounts
Overdrafts
. .
United States bonds
Other stocks, bonds, &c
Due from banks
...
Real estate
Other assets
Expenses
Cash items
Specie
Legal tenders, bank notes, &c.
Total.

$70, 765

998, 292
5o5, 434
567,127
238, 110
3,4i4
418,717

7,133
15, 754

2, 353, 865

3,680
408, 701
71,010
12, 683
34, 909
2,086
16, 804
398,482

117, 853

9,121, 008

2, 697, 221

29, 794, 475

50,000

2, 582, 200
8,617
200, 000
144, 548
20, 297
5, 81(), 536
348, 810

643, 971
* 142,'889
139, 554
1, 500, 763
260, 044
10, 000

11, 369, 391
55, 302
1, 537, 794
906, 740
260, 243
14, 548, 675
943,917
172. 413

2, 697, 221

29, 794, 475

12, 500
1, 286
6, 583
3,882

LIABILITIES.
Capital stock
Circulation
6urplusfund
Undivided profits .
Dividends unpaid.
Deposits
Due to banks
Other liabilities . . -

3,386
225
5, 000
48, 568
5,674
5,000

Resources and liabilities.

117, 853

9,121, 008

Ohio,
A p r . 4, 1885.

Indiana,
Nov. 1, 1884.

38 banks.

Total.

27 banks,

Michigan,
"Wisconsin.
J u l y 6, 1885. J u l y 6,1885.

13, 011, 423
" 6,419," 827
32, 956
46, 859, 759
6, 220, 920
72, 544, 885

Iowa,
Apr. 24,1885.

44 b a n k s .

50 b a n k s .

82 banks.

$16, 752, 755
43, 870
241, 000
1, 192, 225
3, 095, 640
393 002
94, KH4
53,681
137, 2(54
117,490
1,187. 856

$15,404, 522
106, 202

$12,719,492
205,115

1, 782, 266
4,271,498
402, 405

2,417,901
722, 233

RESOURCES.
Loans and discounts
Overdrafts
United States bonds
Other htoeks, bonds, &c
Duo from b a n k s
Real estate
Other assets
Expenses
Cash items
Specie
Legal tenders, b a n k notes, &c.
Total.

$6, 934, 285
30, 279
155,310
G97, 1<J3
848, 093
445, H D
M
98, 742
48, 188
41,851
138, 479
889, 837
10,328,046

$2, 980, 308
55, 51)8
26, o:>o
TA, 1)0
443, irifl
172, 8*8
42, 1«»4
24, 9'3
431,679 |
4,201,6)9-

23,310,077!

18. 050
382, 783
38:<, 46-I
1,418,770

992, 902

24,109,958

17, 057, 641

LIABILITIES.
Capital stock
Circulation
6urphiH fund
Undivided profits .
Dividends unpaid .
Deposits
Due to banks
Other liabilities . . .
Total.




2, 537, 000

1,449, 200

3, 494,170

2,462, 200

4, 366, 043

344, 904
157,190
1, 127
6, 880, 201
215,160
192, 464

261, 944
89,279
2,611
2, 360, 9f A
3, 5:1.3

782,175

571,154
425, 281

16, 020, 614

11, 524, 620
170, 543

34, O i l

502. 542
628, 641
30, 003
18,357, 108
119,912
177, 701

"4," 898,'969

10,328, 046

4,201,6(9

23, 310, 077

14,169, 958

17, 057, 641

176

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Resources and liabilities of State hanks at v irious
Minnesota,
June 30,
1885.

Resources and liabilities.

dates—Continued.

Colorado, j Montana,
California,
J : ly 1, i October 1,
J u l y 1,
1885.
1884.
! 1885.

Ktinsii.s
.him- 30

1885.

34 banks. I 54 banks.

8 banks.

3 banks.

73 b a n k s .

RESOURCES.

Logins and discounts Overdrafts
United States bonds —
Other stocks, bonds, &c
Due from banks
Heal estate
Other assets
Expenses
Cash items
Specie
Legal tenders, bank notes, &c

I $9, 814, 476
86, 707
3,100
263, 849
2, 048, 226
450, 968
2,707
122, 734
148, 631

$181, 245
10, 357

$49, 309, 588

19, 064
371, 589
14, 000
103, 773
4,409

1, 753,158
.8, 404,424
3,164, 513
1, 830, 741

260, 722

48, 731
43, 737
8,076
478
6,017
493
3,792
25, 271

I 13, 872, 372

Total

$928, 375
6,912

930, 974

$4,184, 200
37, 357
800
34, 862
907, 187
248, 407
128,419
38,154
403
6, 230
1,150, 647
6, 736, 672

1, 708, 844

328,197

75, 585, 349

j

2,149, 22 L

390, 000

75, 000

27, 672, 641

97, 271
307, 733
1, 327
, 035, 424
47, 854
97, 837

78, 301
65, 703
945
1,160,451
9,444
4,000

179, 344
9,417
9,674

33, 286, 788
4, 205, 321
769, 624

6,736,672

1,708,844

328,197 I

75, 585, 349

11,122, 925

LIABILITIES.

Capital stock
Circulation
Surplus fund
Undivided profits .
Dividends unpaid .
Deposits
Due to banks
Other liabilities . . .
Total

3, 854, 500
427, 434
431, 605
13,334 I
8,310,120 I
793,509 j
41, 870

I 13, 872, 372

9, 650, 975
54, 762

Aggregate resources and liabilities of State banks from 1881 to 1885.
1880-'8.1.

I

1881-'82.

i

1882-'83.

j

1883-'84.

i

1884-'85.

Resources and liabilities.
652 b a n k s .

672 b a n k s .

754 b a n k s .

817 b a n k s . I 975 b a n k s .

RESOURCES.

Loans and discounts
Overdrafts
United States bonds
Other stocks, bonds, &c
Due from banks
Real estate
Other assets
Expenses
Cash items
Specie
Legal tenders, bank notes, &c
Total.

$250, 819, 420 $272, 520, 217 $322, 358, 227 j$331, 049, 510
1,335,310
1,196,369
1, 392, 961
1, 262, 725
12, 048, 452
8, 739, 172
5, 287, 606
2, 337, 705
24, 904, 903
19, 780, 527
22,083,304
31, 452, 019
46, 657, 32K
49,919. 183
58, 709, 516
48, 836, 689
13,.914, 238
13,037,939
13, 592, 791
15,058,411
10, 542, 266
12, 30(5, 578
9, 943, 706
7, 671. 876
9t55, 327
999, 94 i
918,403
1, 025, 237
16, 900, 325
18,546,073
35,118,379
28, 219, 414
17,071,445
17, 201,41-9
17,429,817
25, 376, 565
23, 797, 046
24, 586, 6*2
25, 302, 316
28, 787, 615
418,950,000 I 438,834,173

512,137,026

$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

521, 077, 7<

553, 562, 761

110, 020, 351
177. 554
31, 483, 942
12,718, 894
473, 735
325, 365, 669
27,125, 108
13, 712, 513

125, 258, 240
98,129
30, 669, 575
11, 574, 736
493, 926
344, 307, 996
29, 9.^0, 453
11. 209, 706

LIABILITIES.

Capital stock
Circulation
Surplus fund
Undivided profits . . .
Dividends unpaid ..
Deposits
Due to banks
Other liabilities
Total.




92, 022, 525 j 91, 808, 213 | 102. 454, 801
274,941 j
286,3a
' 187, 978
20,976,167
23,14S, ()"!)
25,762,738
7,943,466
8,902,57!)
11,287,623
567, 171
481, 8'8
442,652
261, 362, 303 281, 835, 4f 6 334, 995, 702
18, 870, 466
18, 262, 17 2
20, 651, 930
16, 039, 021
14, 109, 414
16, 353, 542

418, 936, 060 j 438, 831, II3 j 512,137,026 I 521,077,766

553,562,761

REFORT OF THE COMPTROLLER OF THE CURRENCY.

177

Resources and liabilities of trust and loan companies at various dates.
Massachusetts, jRhode Island, Connecticut, i !N"ew York, ^Pennsylvania,
November,
September
October 1,
January 1,
October 31,
18,1884.
1, 1885.
1884.
1885.
1884.

Resources and liabilities.

6 banks.

1 bank.

6 banks.

18 banks.

9 banks.

$16, 676,100

$4,130,156

$2, 117,530

1, 340,200
1, 779, 454
3, 009,402
56. 250
580, 303
72, 329

800, 000
2,295,100
100, 000

$91,594,743 !
1,136
22. 518, 850
9, 780, 935
13. 233, 474
5, 026,108
8, 058,139
10, 327

766, 707

784, 792

$27, 024,120
134, 783
717,350
15, 497, 588
6, 598, 402
3,371,151
126,971
195,581
94 672
1, 388 065
1,174, 481

24, 280, 745

8, 368, 289

3, 300, 000

800, 000

RESOURCES.

Loans and discounts
Overdrafts
"United States bonds
...
Other sources, bonds. &c
Due from banks
Heal estate
Other assets
Expenses
Cash items
Specie
. ....... .....
Legal tenders, bank notes, &c
Total
....

397,123
517,707
305,782

258, 241
23,8l5'
116,856 \
3, 478, 813

:
5, 714, 960 i
155, 938, 672

56, 323, 164

LIABILITIES.
Capital stock
Surplus fund
Undivided profits
Dividends unpaid
Deposits
D\ie to b a n k s
Other liabilities

585 000
552,155
633
19, (540, 061

Total

24, 280, 745

976,000 !
199,830 i
3,449 i
2, 168,519
130,415

28, 836
7, 539, 453

202, 896
8, 368, 289

3, 478,813

12, 977, 000
6 578 907
5, 469, 388

8, 375, 000
3 532 077
2, 257, 791
15, 169
37, 309, 424

121. 759, 836
67 478
9, 086, 003 . . .
j
4, 833, 703
155, 938, 672 !
56, 323,164

I

Aggregate resources and liabilities of trust and loan companies from 1881 to 1885.
1880-'81.

1881-'82.

[Resources and liabilities.

RESOURCES.

1882-'83.

i

31 banks.

Loans and discounts
Overdrafts
United States bonds. .
Other stocks, bonds, &c
Due from banks
Real estate
Other assets
Expenses
Cash items
Specie
—.
Legal tenders, bank notes, &c
Total.

!

I
$101. 906, 560
72,385
15,631,573
17,426,054
8, 005, 501
7, 482, 534
1, 399, 475
171,100
437
854. 183
3, 594, 271

\

1883-'84.

1884-'85.

35 banks.

40 banks.

i

32 banks. ! 34 banks.

$132,054,203 $140,022,358 $158, 018, 009 $141, 542, 649
176,' 747
100, 675
367, 749
135, 919
16, 934, 812 17, 437, 990 23, 371, 084
25, 376, 400
25, 878, 256 30, 322, 420 27, 879, 858
29, 750, 200
8, 054, 535
23, 458, 985
9, 561, 148 16,517,457
6,152, 771
8, 759, 291
6, 567, 756
6,877,743
4, 246. 338
9, 023, 654
1, 378, 627
2, 841, 937
213,183
302, 052
193, 401
209, 842
94, 672
88, 483
88, 802
1,388,065
552,192
701, 271
825, 483
8, 557, 796
2, 736, 230
2, 956, 753
3, 871, 990

156,544,079 ! 194,985,825

212,342,587 j 239,871,691

248, 389, 683

LIABILITIES.

Capital stock
Circulation
Surplus fund
Undivided profits .
Dividends unpaid ..
Deposits
Due to banks
Other liabilities

19,188,800 J 21,553,718

26, 428, 600
10, 695, 984
8, 508, 000
19, 251
188, 417, 293
197, 893
14,122, 662

156,544,079 j 194,985,825

Total.

5745 CUR-

22, 778,175 | 23, 938, 600

8, 356, 302
8, 812, 723 10,191, 544
6, 881, 809
9,619,067
5, 855, 859
6, 788, 987
4, 293, 854
22, 359
25, 282
9, 242
95, 561
111, 670, 329 144, 841, 596 165, 378, 515 188, 745, 922
267, 006
235,198
761,888
147,179
8, 294, 822
14, 264, 847
14,135, 610
6, 589, 388

-12




212, 342, 587

239,871,691 ! 248,389,683

178

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Table, by geographical divisions, of the resources and liabilities of State banks and trust
companies, 1S84~'H5.
New
England
States.

Resources and liabilities.

Middle

! 38 banks. ! 219 banks.
RESOURCES.

i

Total

Western
States.

:
I

Pacific
States.

Aggregate.

158 banks. \ 516 banks. ! 84 banks. jl,015 banks.

:

Loans and discounts
$30, 927,
Overdrafts ..
United States bonds
2, 215,
5,81
Other stocks, bonds, &c..
Due from banks
4, 73(5,
Real estate
73],
Other assets
910,
Expenses
99,
Cash items
Specie
i
13,
Legal tenders, bank notes, j 2,145,

&o.

I South era

$251,495,910 $44, 748, 952 $111, 831, 330 $50, 419, 208 $489, 423,169
230, 394 !
166,478 I 1, 071, 776
17, 269 I 1, 485, 917
24, 605, 300 i
66,971 !
1, 423, 213
! 28, 371, 206
;
35, 688, 082 10, 707, 018
8,361,552 " 1,820," 953" 62, 395, 059
! 38,233,163
8, 819, 750
5, 976, G64
24, 755, 289
82, 521, 390
i 13, 926, 021
2, 2fi2, 4C0
4, 525, 949
3,186, 589
24, 632, 603
j 30,300,267
1, 065, 874
602, 741
1, 934. 992
14, 814, 765
I
809,052
207, 666
305,710
10,426
1, 432, 935
828, 861
2, 504,123
493
| 22,734,117
26, 067, 594
579, 306
3, 633, 559 11,126, 717
| ] 5, 902, 279
31, 255, 789
1
6, 633, 025
13, 206, 018
285, 993
17, 281, 203
39, 552, 017

I 47, 599,131

431, 266, 388 | 73, 243, 275 j 172, 221, 260

77,622,390 | 801,952,444

LIABILITIES.

Total

55, 059, 060
! 9, 217, 431
25, 902
8, 308
607, 673 19,135,279
1, 481, 207 13, 618, 776
11, 879
63, 086
35, 303, 971 311,065,988
697, 404 15,217,732
253, 664 17, 098,159

25, 948,
63,
486,
822.
355,
373,
437,
754,

j 47, 599,131

Capital stock
Circulation
Surplus fund . . . .
Undivided profits
Dividends unpaid
Deposits
Due to banks
Other liabilities..

73,243,275

431,266,388

951 33, 323, 757
919
080
9, 407, 251
559
2, 039, 729
879
81, 388
935 114, 3134, 812
597
7, 571, 431
355
5, 442, 892

28,137, 641
9, 729, 276
120, 465
945
34, 626, 583
4, 224,182
783, 298

151,686,840
98,129
41,365,559
20, 082, 736
513,177
532, 725, 289
30,148, 346
25, 332, 368

172, 221, 260

77, 622, 390

801, 952, 444

Resources and liabilities of savings banks organized under State laws at various dates.

1885.'

Vermont,
J u n e 30,
1885.

Massachusetts,
October 31,
1884.

Rhode Island,
November
18, 1884.

68 b a n k s .

18 banks.

168 banks.

38 b a n k s .

$5, 438, 608 $16, 785, 954
4,608,680
9.182,952
4,739,840 j
552,384

$6, 639, 933
1, 662,424

$98, 979, 283
74, 952, 754
14, 553, 600

$19, 601,188
9, 722, 367
3, 803, 500

9,070,910
7, 968, 544
1, 752, 463
770, 901
210,175

1, 927, 440
163,537
163,856
320, 543

25,956,713
13,808,173
25, 874, 035
6, 562, 474
3,159,313

6,189, 029
6,138, 750
2, 594, 349
3,417,271
339, 556

884, 529
136, 720

550, 291
85,114

9, 488, 994
581, 579

I, 1884.

Resources and liabilities.

54 b a n k s .
RESOURCES.

I

Loans on real estate
|
Loans on personal and collateral security :
U n i t e d States bonds
State, municipal, and other bonds and
stocks
Railroad bonds and stocks
B a n k stock
Real estate
Other assets
•
Expenses
D u e froni b a n k s
Cash
Totals

10,912,591
4, 363, 382
1, 583, 537
1,124, 088
1, 579, 049
751, £

35,101,644 j 47,315,532

733,193
963, 827 ,

11,782,968 ! 273,916,918

53, 503, 030

11, 218, 285
237,464
312,446
14,773

51, 079,161

LIABILITIES.
Deposits
Surplus fund
Undivided profits
Other liabilities
Totals.




I 32, 913, 835 43, 827, 356
J 1, 200, 405
1, 950. 954
|
887,170
1, 515, 443
j
100, 234
21,779
35,101, 644 i 47, 315, 532

I 262, 720,147
j 5,692,504
! 5,247,371
I
256,896

2, 413, 681
10,188

11, 782, 968 | 27J, 916, 918 | 53, 503, 030

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Resources and liabilities of savings banks organized under State laws,

Resources and liabilities.

Connecticut,
Oct. 1, 1884.
84 banks.

New York, New Jersey,
Jan. 1, 1885. Jan. 1,1885.
126 banks.

30 banks.

179

$c.—Continued.

Pennsyl-

Maryland,
July 1, 1885.

4 banks.

18 banks.

RESOURCES.

Loans on real estate
Loans on personal and collateral securitv
United States bonds
State, municipal, and other
bonds and stocks
Railroad bonds and stocks
Bank stock .
Real estate
Other assets _
Expenses
Due from banks
Cash
Totals

$39, 202, 431 $141, 944, 250

$8, 482, 062

$4, 598, 312

$3, 833, 853

10,443,448
3, 986, 556

6, 402, 850
134, 628, 660

1, 226, 910
10, 040, 519

6, 290, 978
6, 767, 332

10, 540,477

13, 532, 805
13, 720, 975
6 224 960
4, 967, 264
599, 967

128, 211, 340

3, 398, 059

5, 757, 481
12, 587, 566

8,116,813
51, 327, 579

931,118
759; 957

830, 387

2,462,711 • 29, 406 725
484, 040
5, 889, 279

749 222
297, 044

105, 444
3 236
2, 066, 581

2, 635, 016
998, 099
264, 722
658, 091
9, 732, 825

95, 625,157

505, 927,496

25, 884, 891

39, 007, 317

28, 663, 083

90, 614, 623
2 973 224
1 352 813
684, 497

437,107, 501
68 669 001

24, 017, 917
1 674 104

28, 663, 083

150, 994

192, 870

35, 362, 660
2 551 612
989 045
104, 000

95, 625,157

505, 927, 496

25, 884, 891

39, 007, 317

28, 663, 083

LIABILITIES.

Deposits
Surplus fund
Undivided profits
Other liabilities
Totals. -„

Resources and liabilities.

District of
Columbia,
Oct. 1,1885.
1 bank.

Ohio,
Indiana,
Minnesota,
California,
Apr. 4, 1885. Nov. 1,1884. J u n e 30,1885. July 1,1885.
4 banks.

6 banks.

6 banks.

$181, 470

$3, 677, 303

$1, 826, 264

$1, 859, 056

$36, 903, 961

184, 086
70, 000
233, 500

1, 315,113
1, 925, 000

103 000

642,139

7,082, 201

6,147, 226

97, 547

267, 075

14, 656, 518

30, 596
22,188
2 131
545
16, 101

101,143
19, 389
12 8%
481,358
140, 903

3 000
104, 724
7,492
4 246
101,192
112, 291

25, 939
43, 296
41 920
487, 373
137, 092

4, 370,145
323, 975

740, 617

13, 820, 330

2, 359, 756

3, 503, 890

65, 873, 069

Deposits
...
Surplus fund
Undivided profi ts
Other liabilities

731, 733
8,884

12, 605, 008
1, 000, 000
215, 035

2,171, 009
136,140
52, 607

3,195, 926
40, 317
111 864
*155, 783

58, 943, 903
2, 521, 590

Total

740, 617

13, 820, 330

2, 359, 756

3, 503, 890

65, 873, 069

21 banks.

RESOURCES.

Loans on real estate
Loans on personal and collateral security
United States bonds
State, municipal, and other
bonds and stocks
Railroad bonds and stocks
Bank stock
Real estate
Other assets
~
»
Expenses
Due from banks
Cash
Total
...

775, 645
1, 760, 624

LIABILITIES.

„

287

* Includes $150,000 capital stock.




t Includes $3,851,437 capital stock.

t4, 407, 576

180

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of savings banks from 1881 to 1885.
1880- '81.

1881-'82.

1882-'83.

1883-'84.

1884-'85.

629 banks.

629 banks.

630 banks.

636 banks.

646 banks.

Resources and liabilities.

RESOURCES.

Loans on real estate
Loans on personal and collateral security
United States bonds
State, municipal, and other
bonds and stocks
Railroad bonds and stocks . . .
Bank stock
Real estate
Other assets
Expenses
Due from banks.
Cash
Totals

$307, 096,158 $307, 089, 227 $328,197, 858 $358, 686, 040

$389, 953, 928

95, 817, 641
210, 845, 514

128, 483, 698
237, 786, 442

155, 874, 522
219, 017, 313

141, 457, 111
196, 226, 202

133, 716, 902
191, 980, 698

159, 819, 942
27, 069, 048
33, 249, 203
41, 987, 674
37, 408,163
135, 572
40, 603, 641
13, 758,106

206, 291, 274
32, 994, 578
35, 365, 717
39, 882, 429
11, 047, 346
132, 204
38, 977,135
14, 932, 015

190, 629, 915
41, 695, 701
36, 587, 817
37, 224, 601
53, 235, 771
144, 223
43,184, 629
12, 998, 594

222, 218, 006
50, 994, 579
37, 929, 754
34, 467, 276
69,166, 584
156, 944
52, 358, 971
14, 079, 452

228, 993, 250
59, 585,489
38, 460, 603
32,174, 810
68, 445, 304
166, 636
46,125,014
13, 423, 064

967, 790, 662 jl, 052, 982, 065 1,118, 790, 944
1,177, 740, 919 1, 203, 025, 698

LIABILITIES.

Deposits
Surplus fand
Undivided profits
Other liabilities

891
60
10,
5

Total

961
289
325,
213,

142
905
800
815

966, 797, 081 1, 024, 856, 787 jl, 073, 294, 955
1,
69, 454, 512
72, 784,155
82, 395, 717
11,136, 219
16, 904, 753
15, 738, 223
5, 594, 253
5,145, 494
5, 411, 779

967, 790, 662 |l, 052, 982, 065 1,118, 790, 944
1,177, 740, 919

095,172,147
88, 647, 315
13,106, 359
6, 099, 877

1, 203, 025, 698

Table, by States, of the aggregate deposits of savings banks, with the number of their depositors and the average amount due to each in 1884 and 1885.
1883-'84.
States.

Number of Amount of
depositors.
deposits.

!Maine
New Hampshire
Vermont . . . . . . . . .
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Maryland
District of Columbia
Ohio
Indiana'
Minnesota
California
Total




1884-'85.
Average Number of Amount of
to each
deposits.
depositor. depositors.

101, 822
117, 317
38, 574
806, 010
120, 4*2
246, 652
1,147, 588
98,760
130, 3«1
*77, 212
6,180
34, 553
*9, 131

$31, 371, 869
42, 091, 597
11, 061, 056
252, 607, 593
50,127, 806
88, 098, 384
431, 080, 010
29, 323, 428
34, 031,154
28, 336, 934
622, 304
12, 969, 666
2,108, 428

$308 10
358 77
286 75
313 40
416 07
357 18
375 64
296 92
261 01
367 00
100 70
375 33
230 91

*80, 489

59, 464, 726

3, 015,151 1, 073, 294, 955

Average
to each
depositor.

738 79

105, 680
121,216
39, 284
826, 008
115, 752
252, 245
1,165,174
87, 356
135, 953
*78,101
6,735
34, 836
*9, 402
11,753
*82, 000

$32,913,835
43, 827, 356
11, 218, 285
262, 720,147
51, 079,161
90, 614, 623
437,107, 501
24,017,917
35, 362, 660
28, 663, 083
731, 733
12, 605, 008
2,171, 009
3,195, 926
58, 943, 903

$311 44
361 56
285 57
318 06
441 29
359 23
375 14
274 94
260 11
367 00
108 64
361 84
230 91
271 92
718 83

355 96

3, 071, 495 1, 095,172,147

356 5$

* Estimated.

REPORT OF THE COMPTROLLER OF THE CUREENCY.

181

/Statement showing the amount of national bank and of legal-tender notes outstanding on
June 20, 1874, January 14,1875, May 31, 1878, and November 1, 1885, and the increase
or decrease in each.
NATIONAL-BANK NOTES.

Amount outstanding June 20,1874
Amount outstanding January 14, 1875
Amount outstanding May 31,1878
Amount outstanding November 1, 1885*
Decrease in circulation during the last month
Decrease in circulation since November 1, 1884

!
:
j
j
•
{

$349, 894,182
351, 861, 450
322, 555, 96o
315, 462, 899
1, 559, 905
17, 562, 835

Amount outstanding June 20, 1874
j
Amount outstanding January 14, 1875
Amount retired under act of'January 14, 1875, to May 31,1878
|
Amount outstanding on and since May 31,1878
!
Amount on deposit with the Treasurer U. S. to redeem notes of insolvent and liquidat- \
ing bants, and banks retiring circulation under act of June 20,1874
j
Decrease in deposit during the last month
I
Decrease in deposit since November 1,1884
|

382, 000, 000
382, 000, 000
35, 318, 984
346, 681, 016

LEGAL-TENDER NOTES.

39,158, 710
715, 433
2,097, 374

* The notes of national gold banks located in the State of California, amounting to $384,269. not included.




AGGREGATE RESOURCES AND LIABILITIES

THE NATIONAL BANKS
OCTOBER, 1808, TO OCTOBER, 1885.




184

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1863.
JANUARY.

APRIL.

JULY.

OCTOBER 5.

Resources.

1

66 banks.
$5. 466, 088 33
5, 662, 600 00
106, 009 12

TJ S bonds and. securities
Due from nat'l and other b'ks .
Real estate furniture &c
Current expenses . . .
j
Premiums paid
I

2, 625, 597
177,565
53 808
2, 503

Checks and other cash items.
Bills of nat'l and other banks.
Specie and other lawful mon 'y
Total

492 138 58
764, 725 00
1,446.607 62

05
69
92
69

16, 797, 644 00

•

1864.
JANUARY 4.

JULY 4.

OCTOBER 3.

139 b a n k s .

Loans and discounts
TJ. S. bonds and securities
Other items

APRIL 4.
307 b a n k s .

467 b a n k s .

508 b a n k s .

$10, 666, 095 60
15,112,250 00
74,571 48

Total

*4, 786, 124 58
381, 144 00
118, 854 43

4, 699, 479 56
8,537,908,94
755, 696 41
352, 720 77

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

Due from national banks ...
Due from other- b'ks andb'k'rs
Real estate, furniture, &c
Current expenses
Checks and other cash items.
Bills of nafland otherbanks
Specie and other lawful mon'y

$31,593,943 43
41,175,150 00
432, 059 95

114, 820, 287 66

252, 273, 803 75

297,108,195 30

1

$70, 746, 513 33
92, 530, 500 00
842,017 73
15, 935, 730
17, 337, 558
1, 694, 049
502, 341

13
66
46
31

$93, 238, 657 92
108, 064, 400 00
1, 434, 739 76
19, 965, 720
14, 051, 396
2, 202, 318
1, 021, 569

47
31
20
02

1§65.
I
j

JANUARY 2.
638 b a n k s .

Loans and discounts
TJ. S. bonds and securities
Other items

907 b a n k s .

$166,448,718 00
176, 578, 750 00
3, 294, 883 27

Due from national banks . - Due from other b'ks and b'k'rs
Real estate, furniture, &c .
Current expenses
Premiums paid

•30,820,175
19, 836, 072
4, 083, 226
1,053,725
1, 323, 023

44
83
12
34
56

Checks and other cash items
Bills of nat'l and otherbanks
Specie
Legal tenders and fract'l cur'y

17, 837, 496
14, 275,153
4, 481, 937
72, 535, 504

77
00
68
67

Total




OCTOBER 2.

APRIL 3.

512, 568, 666 68 \

1,294 b a n k s .

1,513 b a n k s .

$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

40, 963, 243
22, 554, 636
6, 525,118
2, 298, 025
1, 823, 291

47
57
80
65
84

76, 977, 539
26,078,028
11, 231, 257
2, 338, 775
2,243,210

59
01
28
56
31

89, 978, 980
17, 393, 232
14, 703, 281
' 4, 539, 525
2,585,501

13
00
47
59

41,314,904
21, 651, 826
9, 437, 060
Ib8, 426,166

50
00
40
55

29, 681,
13, 710,
6, 659,
112, 999,

394
370
660
320

771, 514, 939 10

1,126, 455, 481 66

" Including amount due from national banks.

72,
16,
18,
189,

309,
247,
072,
988,

854
241
012
496

55
25
77
11
06
44
00
59
28

1, 359, 768, 074 49

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

185

Banks from October, 1863, to October, 1885.
1863.
APRIL.

JANUARY.

OCTOBER 5.

JULY.

Liabilities.
66 b a n k s .
$7,188, 393 00
128, 030
8. 497, 681
'981,178
2, 360

Individual and other deposits.
Due to nat'l and other banks*.
Other items

Total

06
84
59
51

16, 797, 644 00

1864.
JANUARY 4.

JULY 4.

OCTOBER 3.

139 b a n k s .

Capital stock

APRIL 4.
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'knotes outstanding
Individual and other deposits.
Due to nail and other banks*.
Other items

Total

$42, 204, 474 00

$75, 213, 945 00

$86, 782, 802 00

432, 827 81

1, 625, 656 87

1,129.910 22
3, 094, 330 11

2, 010, 286 10
5, 982, 392 22

30,155
19,450,492
2,153, 779
822, 914

00
53
38
86

37, 630, 691 58

9, 797, 975
51, 274. 914
6, 814, 930
3,102, 337

00
01
40
38

114, 820, 287 66

25, 825, 665
119,414.239
27, 382, 006
213, 708

00
03
37
02

252, 273, 803 75

45, 260, 504
122,166, 536
34, 802, 384
43, 289

00
40
81
77

297,108,195 30

1 §65.
JANUARY 2.

JULY 3.

OCTOBER 2.

638 b a n k s .

Capital stock

APRIL 3.
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

Surplus fund
Undivided profits

17, 318, 942 65
17,809,307 14

31. 303, 565 64
23,159, 408 17

38, 713, 380 72
32,350.278 19

Nationalb'k notesoutstanding

66. 769, 375 00

98; 896, 468 00

131. 452,158 00

171, 321, 903 00

Individual and other deposits.
United States deposits

183, 479, 636 98
37, 764, 729 77

202. 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 banks
Due to other b'ks and ban kers*

30, 619,175 57
37,104,130 62

41,301,031 16
:>9, 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.

186

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 banks.

1,612 banks.

1,634 banks.

1,644 banks.

Resources.
Loans and discounts
U.S.b'ds dep'd to secure circ'n
OtherU.S.b'ds and securities.
Oth'r stocks, b'ds, and mortg's
Due from national banks
Due from other b'ks and b'k'rs
Real estate, furniture, &c...
Current expenses
Premiums paid
Checks and other cash items.
Billsof national and other b'ks
Specie
Legal tenders and fract'l cur'y
Total

$500,650,109
298, 376, 850
142, 003, 500
17,483, 753

19
00
00
18

$528. 080, 526
315, 850, 300
125, 625, 750
17, 379, 738

70
00
00
92

93, 254, 551
14, 658, 229
15, 436, 296
3,193,717
2, 423, 918

02
87
16
78
02

87, 564, 329
] 3, 682,345
15, 895, 504
4, 927, 599
2, 233, 516

89, 837, 684
20, 406,442
19, 205, 018
187, 846, 548

50
00
75
82

105, 490, 619
18, 279, 816
17, 529, 778
189, 867, 852

1,404,776,619 29

71
12
46
79
31

$550, 353, 094
326,483,350
121,152,950
17, 565, 911
96, 696, 482
13, 982, 613
16, 730, 923
3.032,716
2, 398, 872

17
00
00
46
66
23
62
27
26

36
00
42
52

96, 077,134
17,-866, 742
12, 629, 376
201, 425, 041

53
00
30
63

1,442,407, 737 31

1,476, 395, 208 13

$603, 314, 704 83
331, 843, 200 00
94, 974, 650 00
15, 887, 490 06
107, 650,174 18
15,211,117 16
17,134, 002 58
5, 311, 253 35
2, 493, 773 47
103,
17,
9,
205,

684,
437,
226,
793,

249
779
831
578

21
00
82
76

1, 526, 962, 804 42

JANUARY 7.

A P R I L 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 .

Loans and discounts
TJ.S.b'ds dep'd to secure circ'n
U.S. b'ds dep'd to sec're dep'ts
U.S. b'ds and sec'ties on hand.
Oth'r stocks, b'ds,and mortg's

$608, 771, 799 6J.
339, 570, 700 00
36,185, 950 00
52, 949, 300 00
15, 073, 737 45

$597, 648, 286
338, 868, 650
38, 46a, 800
46, 689, 400
20,194, 875

53
00
00
00
21

Due from national banks .
Due from other b'ks and b'k'rs
Real estate, furniture, &c
Current expenses
Premiums paid
Checks and other cash items.
Bills of national banks
Bills of other banks
Specie
Legal tenders and fract'l our'y
Compound interest notes

92, 552, 20(5 29
12, 996,157 49
18,925,315 51
2, 822, 675 18
2, 860, 398 85
101, 430, 220 18
19, 263, 718 00
1,176,142 00
19, 72(5, 043 20
104, 872, 871 64
82, 047, 250 00

94, 121,186
10, 737, 392
19, 625, 893
5, 698, 784
3,411,325

21
90
81
17
56

87,951,405
12, 873, 785
825, 748
11, 444, 529
92, 861, 254
84, 065, 790

13
00
00
15
17
00

128,312,177 79
16,138, 769 00
531, 267 00
11,128, 672 98
102, 534, 613 46
75,488,220 00

$609, 675, 214 61
338, 640, 150 00
37, 862,100 00
42, 460, hOO 00
21, 50V, 881 42
95,217,610 14
8, 389, 226 47
20, 639, 708 23
5, 297, 494 13
2, 764,186 35
134, 603, 231 51
11, 841,104 00
333, 209 00
12, 798, 044 40
100, 550, 849 91
56, 888, 250 00

1, 465, 451,105 84

1,494, 084, 526 01

1, 499, 469, 060 17

Total

1,511, 222, 985 40

$588,450,396
337, 684, 250
38, 368, 950
45, G33, 700
21, 452, 615

12
00
00
00
43

92, 308, 911 87
9, 668, 322 82
19, 800, 905 86
3,249,153 31
3, 388, G O 37
O

1868.
JANUARY 6.

Total



JULY 6.

OCTOBER 5.

1,642 banks.

Loans and discounts
U. S.b'dsdep'dtosecurecirc'n
U. S.b'dsdep'd to sec're dep'ts
U.S. b'dsandsec'tiesonhand.
Oth'rstocks, b'ds, and mortg's
Due from national banks
Due from other b'ks and b'k'rs
Real estate, furniture, &c.. Curreut expenses
Premiums paid
Checks and other cash items.
Bills of national banks
Bills of other banks
Fractional currency
Specie
Legal-tender notes
Compound interest notes
Three per cent, certificates...

APRIL 6.
1,643 b a n k s .

1,640 b a n k s .

1,643 b a n k s .

$616, 603, 479
339, 0G4, 200
37, 315, 750
44, 164, 500
19, 365, 864

89
00
00
00
77

99, 311,446 60
8, 480,199 74
21,125, 665 68
2, 986, 893 86
2, 464, 536 96
109, 390, 266
16, 655, 572
261, 269
1, 927, 876
20,981,601
114,806,491
39, 997, 030
8, 245, 000

37
00
00
78
45
00
00
00

1, 502, 647, 644 10

$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 00
43, 068, 350 00
20, 007, 327 42

$657, 668, 847
340, 487, 050
37, 360,150
36, 817, 600
20, 693, 406

83
00
00
00
40

95, 900, 606
7, 074, 297
22, 082, 570
5,428, 460
2, 660,106

35
44
25
25
09

114, 434, 097 93
8, 642, 456 72
22, 699, 829 70
2, 938, 519 04
2,432, 074 37

102,278, 547
7, 848, 822
22, 747, 875
5, 278, 911
1, 819, 815

77
24
18
22
50

114, 993, 036
12, 573, 514
196,106
1, 825, 640
18, 373, 943
84, 390, 219
38, 917, 490
24, 255, 000

23
00
00
16
22
00
00
00

124, 076, 097 71
13, 210,179 00
342, 550 00
1, 863, 358 91
20, 755, 919 04
100,16G, 100 00
19, 473, 420 00
44, 905, 000 00

143, 241, 394
11, 842, 974
222, 668
2, 262, 791
13, 003, 713
92, 453, 475
4, 513, 730
59, 080, 000

99
00
00
97
39
00
00
00

1,499, 668, 920 97

1, 572,167, 076 26

1, 559, 621, 773 49

REPORT OF THE COMPTROLLER OF THE CURRENCY.

187

Banks from October, 1863, to October1 1885.—Continued.
1S66.
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 b a n k s .

$403, 357, 346 00

$409, 273, 534 00

$414, 270, 493 00

$415, 472, 369 00

43,000,370 78
28, 972, 493 70

44, 687, 810 54
30, 964, 422 73

50,151, 991 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, 678 00
19, 996,163 00

280, 253, 818 00
9, 748, 025 00

Individual deposits
U. S. deposits
Dep'tsofU.S.disb'sing officers

522, 507, 829 27
29, 747, 236 15

534, 734, 950 33
29,150, 729 82

533, 338,174 25
36, 038,185 03
3, 066, 892 22

564, 616, 777 64
30, 420, 819 80
2, 979, 955 77

Due to national banks
Due to other b'ks and bankers.

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 j 1,442,407,737 31

1, 476, 395, 208 13

1, 526, 962, 804 42

Liabilities.
Capital stock
Surplus fund
Undivided profits
National b'knotesoutstanding
State bank notes outstanding.

Total

1867.
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

$41-9, 399,484 00

$418, 558,148 00

$420, 073, 415 00

59, 992, 874 57
26, 961, 382 60

60, 206, 013 58
31,131, 034 39

63, 232, 811 12
30, 656, 222 84

66, 695, 587 01
33, 751, 446 21

Nationalb'knotesoutstanding
State bank notes outstanding.

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

Individual deposits
U. S. deposits
Dep's of U. S. disb'sing officers

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 #)
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, 985 40

1,465, 451,105 84

1,494, 084, 526 01

1,499, 469, 060 17

Capital stock
Surplus fund
Undivided profits

Total

1§6§.
JANUARY 6.

APRIL 6.

JULY 6.

OCTOBER 5.

1,642 b a n k s .

1,04:5 b a n k s .

1,(540 b a n k s .

1,643 b a n k s .

$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

Kationalb'k notes outstanding
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't&of U.S. disb'sing officers

534, 704, 709 00
24, 305, 638 02
3, 208, 783 03

532, 011, 480 36
22, 750, :!42 77
4, 976, 683 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 bankers

98,144, 669 61
21, 867,648 17

94, 073, 631 25
21,323, 636 60

113, 306, 346 34
27,355, 204 56

99, 414, 397 28
23, 720, 829 18

1, 502, 647, 644 10 1 1,499, 668,920 97 1, 572,167, 076 26

1,559,621,773 49

Capital stock
Surplus fund
Undivided profits

Total




I

188

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1S69.
JANUARY 4.

Loans and discounts
TJ. S. bonds to secure circ'lat'n
TJ. S. bonds to secure deposits.
U. S.b'dsandsec'tiesonhand.
Oth'r stocks, b'ds, andmortg's
Due from redeeming agents..
Due from othernational banks
Due from State b'ks andb'k'rs
Real estate, furniture, &c
Current expenses
Premiums paid
Checks and other cash items.
Bills of other national banks.
Fractional currency
Specie
Legal-tender notes
Three per cent certificates..
Total

APRIL 17.

JUNE 12.

OCTOBER 9.

1,628 banks.

Resources.

1,620 banks.

1,619 banks.

1,617 b a n k s .

$644, 945, 039
338, 539, 950
34,538,350
35,010,600
20,127, 732

53
00
00
00
96

65, 727, 070
36, 067, 316
7,715, 719
23, 289, 838
3, 265, 990
1,654, 352

80
84
34
28
81
70

142,605,984
14, 684, 799
2, 280, 471
29, 626, 750
88, 239, 300
52, 075, 000

92
00
06
26
00
00

J, 540, 394, 266 50

47
00
00
00
69

$686, 347, 755
338, 699, 750
27, 625, 350
27,476, 650
20, 777, 560

81
00
00
00
53

$682,883,106
339,480,100
18, 704,000
25, 903,950
22, 250, 697

97
00
00
00
14

• 57, 554, 382 55
30, 520, 527 89
8, 075, 595 60
23,798, 188 13
5,641,195 01
1,716,210 13

62, 912, 636
35, 556, 504
9,140, 919
23, 859, 271
5, 820, 577
1, 809, 070

82
53
24
17
87
01

56, 669, 562
35, 393, 563
8, 790, 418
25,169,188
5, 646, 382
2, 092, 364

84
47
57
95
96
85

161, 614, 852
11, 524, 447
1, 804, 855
18, 455, 090
80, 934,119
49, 815, 000

66
00
53
48
00
00

108, 809, 817
10, 776, 023
2, 090, 727
23, 002, 405
83, 719, 295
45, 845, 000

37
00
38
83
00
00

$662,084,813
338, 379, 250
29,721,350
30,226,550
20, 074, 435
,

154,137,191
11, 725, 239
2, 088, 545
9, 944, 532
80, 875,161
51,190,000

23
00
18
15
00
00

1, 517, 753,167 03

1,564,174,410 65

1,497, 226, 604 33

JANUARY 22.

MARCH 24.

JUNE 9.

OCTOBER 8.

DECEMBER 28.

1,615 b a n k s .

1,615 b a n k s .

1,612 b a n k s .

1,615 b a n k s .

1,648 b a n k s .

Loans and discounts . $688, 875, 203 70 $710,848,609 39 $719,341,186 06 $715, 928, 079 81 $725, 515, 538 49
Bonds for cireul ation. 339, 350, 750 00 339, 251, 350 00 338, 845, 200 00 340, 857,450 00 344,104, 200 00
15,189, 500 00
Bonds for deposits . . 17,592,000 00
16,102, 000 00
15, 704, 000 00
15, 381, 500 00
23, 893, 300 00
27, 292,150 00
28, 276, 600 00
U . S. bonds on hand . 24, 677,100 00
22, 323,800 00
22, 686, 358 59
20, 524,294 55
23, 300, 681 87
21, 082,412 00
Other stocks and b ' d s
23, 614, 721 25
D u e from r e d ' g a g ' n t s 71, 641,486 05
66, 275, 668 92
64, 805, 062 88
74, 635, 405 61
73,435,117 98
D u e from nat'l b a n k s
33, 948, 805 65
37, 478,166 49
31,994, 609 26
36,128, 750 66
29, 510, 688 11
9, 202, 496 71
9, 824,144 18
D u e from State banks
9, 319, 560 54
10,430,781 32
10, 238,219 85
27, 470, 746 97
28, 021, 637 44
26, 002, 713 01
26, 593, 357 00
Real estate, &c
26, 330, 701 24
5, 871, 750 02
6, 905 073 32
3, 469, 588 00
6, 324, 955 47
C u r r e n t expenses
6,683,189 54
2, 491, 222 11
3, 251, 648 72
2,439, 591 41
3, 076, 456 74
2, 680,882 39
P r e m i u m s paid
12, 536, 613 57
13, 229,403 34
Cash items . . .
111,624,822 00
11,497, 534 13
11,267,703 12
79, 089, (588 39
76, 208, 707 00
Clear'g-house exch'gs
83,936,515 64
75, 317,992 22
12,512,927 00
17,001,846 00
National b a n k n o t e s . 15, 840, 669 00
16, 342, 582 00
14,226,817 00
2, 078,178 05
2,150, 522 89
Fractional currency .
2,476, 966 75
2,184, 714 39
2, 285,499 02
18,460,011 47
26,307,251 59
48, 345, 383 72
Specie
31,099,437 78
37, 096, 543 44
79, 324, 577 00
80, 580, 745 00
Legal-tender notes . . 87, 708, 502 00
94,573,751 00
82,485, 978 00
43, 345, 000 00
41,845, 000 00
T h r e e per cent, cert'fs 43, 820, 000 00
43,465, 000 00
43, 570,000 00

Total

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

1 § 7 1.
APRIL 29.

MARCH 18.
1,688 b a n k s .
Loans and discounts. $767,858,490
Bonds for circulation 351, 556, 700
Bonds for deposits . . 15, 231, 500
TJ. S. bonds on hand . 23, 911, 350
Other stocks and b'ds 22, 763, 869

Due from red'g ag'nts 83, 809,188
Due from nat'l banks 30,201,119
Due from Statebanks 10, 271, 605
Real estate, &c
28, 805, 814
Current expenses
6, 694, 014
Premiums paid
3, 939, 995
Cash items
11, 642, 644
Clear'g-house exch'gs 100,693,917
National bank notes . 13,137, 006
Fractional currency. 2,103, 298
Specie
25, 769,166
Legal-tender notes .. 91,072,349
Threepercent. cert'fs 37, 570, 000
Total
1,627,032,030



JUNE 10.

OCTOBER 2.

DECEMBER 16.

1,707 b a n k s .

1,723 banks.

1,767 b a n k s .

1,790 b a n k s .

59 $779,321,828 11 $789, 416, 568 13 $831, 552,210 00 $818, 996, 311 74
00 354, 427, 200 00 357, 388, 950 00 364,475, 800 00 366, 840, 200 00
23,155,150 00
28, 087, 500 00
15, 250, 500 00
00
15, 236, 500 00
17, 675, 500 00
17,753, 650 00
24, 200, 300 00
00
22, 487, 950 00
23, 061,184 20
24, 517, 059 35
23,132, 871 05
20
22, 414, 659 05
77,985,600 53
86, 878, 608 84
92, 369, 246 71
92
85,061,016 31
43, 313, 344 78
43, 525, 362 05
39, 636, 579 35
9P
38, 332, 679 74
13, 069, 301 40
12, 772, 669 83
11, 853, 308 60
34 ,11, 478,174 71
30,089,783 85
30, 070, 330 57
29, 637, 999 30
79
29, 242,762 79
6,153, 370 29
7, 330, 424 12
6, 295, 099 46
17
6, 764,159 73
5, 500, 890 17
5, 026, 385 97
5, 956, 073 74
20
4, 414,755 40
13,784,424 76
14, 058, 268 86
13,101,497 95
12, 749, 289 84
74
54 130, 855, 698 15 102, 091, 311 75 101, 165, 854 52 114, 538, 539 93
13, 085,904 00
14,197, 653 00
19,101, 389 00
16,632,323 00
00
2, 061, 600 89
2, 095, 485 79
2,160,713 22
2, 135, 763 09
16
29, 595, 299 56
13, 252, 998 17
19,924,955 16
22, 732, 027 02
64
93, 942, 707 00
00 106, 219,126 00 122,137, 660 00 109, 414,735 00
21, 400, 000 00
25,075,000 00
30, 690, 000 00
33, 935, 000 00
00
28 1,694,440,912 94 1,703,4,15,335 65 1,730,566,899 72 1,715,861,897 22

REPORT OF THE COMPTROLLER OF THE CURRENCY.

189

BanTcsfrorn October, 1863, to October, 1885—Continued.
l§69.
APRIL 17.

JANUARY 4.

Liabilities.

JUNE 12.

OCTOBER 9.

1,628 b a n k s .

Surplus fund
Undivided profits
Nat'l bank notes outstanding .
State bank notes outstanding
Individual deposits
TJ. S. deposits
Dep'tslT.S.disbursingofficers.
Due to national banks
Due to State banks and b'k'rs.

1,620 b a n k s .

1,619 b a n k s .

$419, 040, 931 00

Capital stock

$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

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

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

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

Notes and bills re-discounted .
Total

1, 540, 394, 266 50

1,617 b a n k s .

1 8 TO.
JANUARY 22.

Nat'l bank circulat'n.
State bank circulat'n.
Dividends unpaid
Individual deposits ..
U. S. deposits ... ...
Dep'tsU.S.dis.oflicers
Due to national banks
Due to State banks ..
Notes re-discounted .
Bills payable
Total

JUNE 9.

OCTOBER 8

DECEMBER 28.

1,615 b a n k s .

Capital stock
Surplus fund
Undivided profits

MARCH 24

1,615 b a n k s .

1,612 b a n k s .

1,615 b a n k s .

1,648 b a n k s .

$426, 074, 954 00 $427, 504, 247 00 $427, 235, 701 00 $430, 399, 301 00

$435, 356, 004 00

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

292, 838, 935 00
2, 351, 993 00

292, 509,149 00
2, 279,469 00

291,183,614 00
2, 222, 793 00

291, 798, 640 00
2,138, 548 00

296, 205, 446 00
2, 091, 799 00

2, 299, 296 27

1, 483,416 15

1, 517, 595 18

2, 462, 591 31

2,242, 556 49

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

108, 351, 300 33
28, 904, 849 14

109,667,715 95
29, 767, 575 21

115, 456, 491 84
33, 012,162 78

100, 348, 292 45
29, 693, 910 80

106, 090, 414 53
29, 200, 587 29

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

1 § 7 JI .
MARCH 18.

JUNE 10.

OCTOBER 2.

DECEMBER 16.

1,688 b a n k s .

Capital stock

APRIL 29.
1,707 b a n k s .

1,723 b a n k s .

1,767 b a u k s .

1,790 b a n k s .

$444, 232, 771 00 $446, 925, 493 00 $450, 330, 841 00 $458, 255, 696 00

$460, 225, 866 00

Undivided profits ...

96, 862, 081 6f.
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

Nat'lbank circulation
State bank circulation

301, 713, 460 00
2, 035, 800 00

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

Dividends unpaid

1, 263, 767 70

2, 235, 248 46

1,408, 628 25

4, 540,194 61

1, 393, 427 98

Individual deposits..
U. S. deposits
Dep'tsU.S.dis.oflicers

561,190,830 41
6, 314, 957 81
4, 813, 016 66

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
20,511,93.-. 98
5, 393, 598 89

596, 586, 487 54
14, 829, 525 65
5, 399, 108 34

Due to national banks
Due to State banks ..

118, 904, 865 84
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

Notes re-discounted .
Bills payable

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

Total

1,627,032,030 28 1,694,440,912 94 1,703,415,335 65 1,730,566,899 72 1,715,861,897 22




190

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1872.
FEBRUARY 27.

Resources.

1,814 banks.

Loans and discounts. $839, 665, 077 91
Bonds for circulation 370, 924, 700 00
Bonds for deposits.. 15, 870, 000 00
17. S. bonds on hand. 21, 323,150 00
Other stocks and b'ds 22. 838, 338 80
Due from red'g ag'nts 89, 548, 329 93
Due from nat'l banks 38, 282, 905 86
Due from State banks 12, 269, 822 68
Real estate, &c
30, 637, 676 75
Current expenses...
6, 265, 655 13
Premiums paid
6, 308, 821 86
Cash items . 12,143, 403 12
Clea r'g-h ouse exch'gs 93,154, 319 74
National-bank notes 15, 552, 087 00
Fractional currency.
2, 278,143 24
Specie
25, 507, 825 32
Legal-tender notes.. 97, 865, 400 00
TT.S.cert'fs of deposit
Threepercent.cert'fs 18, 980, 000 00
Total

APRIL 19.

JUNE 10.

OCTOBER 3.

DECEMBER 27.

1,843 banks.

1,853 banks.

1,919 banks.

1,940 b a n k s .

$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

$877,197, 923 47 $885, 653, 449 62
382, 046, 400 00 384, 458, 500 00
15, 479, 750 00 16,304,750 00
12,142, 550 00 10, 306,100 00
23, 533,151 73 23,160, 557 29
80,717,071 30
86, 401, 459 44
34, 486, 593 87 42,707,613 54
12, 976, 878 01 12, 008, 813 "54
32, 276, 498 17 33, 014, 796 83
6,310,428 79
8, 454, 803 97
6, 546, 818 52
7, 097, 847 86
14, 910, 784 34 13, 696, 723 85
110, 086, 315 37 90,145, 482 72
15, 787, 296 00 19, 070, 322 00
2,151, 747 88
2, 270, 576 32
10, 229, 756 79 19, 047, 336 45
105,121,104 00 102, 922, 369 00
6,710,000,00
12,650,000 00
7,140, 000 00
12, 005, 000 00
4, 185, 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

1873.
FEBRUARY 28.

APRIL 25.

JUNE 13.

1,947 banks.

1,962 banks.

1,968 banks.

SEPTEMBER 12. DECEMBER 26.
1,976 b a n k s .

1,976 b a n k s .

Loans and discounts. $913,265,189 67 $912, 064, 267 31 $925, 557, 682 42 $944, 220,116 34 $856, 816, 555 05
Bonds for circulation 384, 675, 050 00> 386, 763, 800 00 388, 080, 300 00 388,330,400 00 389, 384,400 00
Bonds for deposits.. 15, 035, 000 00 16, 235, 000 00 15, 935, 000 00 14, 805, 000 00 14,815,200 00
9, 613, 550 00
9, 7*9, 400 00
8, 824, 850 00
8, 630, 850 00
IT. S. bonds on hand. 10,436, 950 00
22, 912, 415 63 23, 709, 034 53 24, 358,125 06
Other stocks and b'ds 22, 063, 306 20 22, 449,146 04
96,134,120 66 73, 032, U46 87
Duefromred'g ag'nts 95, 773, 077 10 88, 815, 557 80 97,143, 326 94
Due from nat'l banks 39, 483, 700 09 38, 671, 088 63 43, 328, 792 29 41, 413, 680 06 40, 404, 757 97
Due from State banks 13, 595, 679 17 12, 883, 353 37 14, 073, 287 77 12, 022, 873 41 11,185, 253 08
34, 023, 057 77 34,216,878 07 34, 820, 562 77 34, 661, 823 21 35, 556, 746 48
Real estate, &c
7^410, 045 87
7,154,211 69
6, 985, 436 99
8, 678, 270 39
6,977,831 35
Current expenses . . .
7, 559, 987 67
7, 890, 962 14
7, 752, 843 87
7, 987,107 14
7, 205, 259 67
Premiums paid
12, 321, 972 80
11, 761, 711 50 11, 425, 209 00 13, 036, 482 58 11,433, 913 22
Cash items
Clear'g-houseexch'gs 131, 383, 860 95 94,132,125 24 91, 918, 526 59 88, 926, 003 53 62,881,342 16
21, 403,179 00
National bank notes. 15, 998, 779 00 19, 310, 202 00 20, 394, 772 00 16,103, 842 00
2,197, 559 84
2, 302, 775 26
2, 287, 454 03
2, 289, 680 21 2,198, 973 37
Fractional currency.
17,777,673 53 16, 868, 808 74 27, 950, 086 72 19, 868, 469 45 26,907,037 58
Specie
Legal-tender notes.. 97,141, 909 00 100, 605, 287 00 106,381,491 00 92, 522, 663 00 108,719,506 00
U.S.cert'fs of deposit 18, 460, 000 00 18, 370, 000 00 22, 365, 000 00 20, 610, 000 00 24, 010, 000 00
710, 000 00
305,000 00
1,805,000 00
Threepercent.cert'fs
Total

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

FEBRUARY 27.

MAYl.

JUNE 26.

OCTOBER 2.

DECEMBER 31.

1,975 banks.

1,978 banks.

1,983 banks.

2,004 banks.

2,027 b a n k s .

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
Bonds for deposits.. 14, 600, 200 00 14, 890, 200 00 14, 890, 200 00 14, 691, 700 00 14,714,000 00
XJ. S. bonds on hand. 11, 043,400 00
13, 313, 550 00 15, 290, 300 00
10,152, 000 00 10,456, 900 00
27, 010, 727 48 27, 807, 826 92 28, 313,473 12
Other stocks and b'ds 25, 305, 736 24 25,460, 460 20
Due from res've ag'ts 101, 502, 861 58 94,017,603 31 97,871, 517 06
83, 885,126 94
80,488, 831 45
Due from nat'l banks 36, 624, 001 39 41,291,015 24 45,770,715 59 39, 695, 309 47 48,100, 842 62
Due from Statebanks 11,496,711 47
12, 374, 391 28 12, 469, 592 33 11,196,611 73 11, 655, 573 07
Real estate, &c
39,190, 683 04
36,043,741 50 36, 708, 066 39 37, 270, 876 51 38,112, 926 52
7, 550,125 20
Current expenses - - - 6, 998, 875 75
7, 658, 738 82
5, 510, 566 47
7, 547, 203 05
8, 563, 262 27
Premiums paid
8, 376, 659 07
8, 626,112 16
8, 741, 028 77
8, 680, 370 84
10, 496, 257 00 12, 296, 416 77 14, 005, 517 33
Cash items
10, 269, 955 50 11,949,020 71
Clear'g-houseexch'gs 62,768,119 19 94, 877, 796 52 63, 896, 271 31 97, 383, 687 11 112, 995, 317 55
National bank notes. 20, 003, 251 00 20, 673, 452 00 23, 527, 991 00 18, 450, 013 00 22, 532, 336 00
2, 283, 898 92
Fractional currency.
2, 224, 943 12
2, 392, 668 74
2, 309, 919 73 2,187,186 69
Specie
33, 365, 863 58 32, 569, 969 26 22, 326, 207 27 21, 240, 945 23 22,436,761 04
Legal-tender notes.. 102,717,563 00 101, 692, 930 00 103,108, 350 00
80, 021, 946 00
82, 604, 791 00
47,780 000 00 42, 825, 000 00
U.S.cert'fs of deposit 37,235, 000 00 40,135, 000 00
33, 670, 000 00
91, 250 00 20, 349, 950 15 21,043,084 36
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.

191

Banks from October, 1863, to October, 1885—Continued.
FEBRUARY 27.

APRIL 19.

JUNE 10.

OCTOBER 3.

1,814 b a n k s .

1, 843 b a n k s .

1, 853 banks.

1, 919 b a n k s .

Liabilities.

$464, 081, 744 00 $467, 924, 318 00 $470, 543, 301 00 $479,629,174 00

Capital stock

DECEMBER 27.
1, 940 banks.
$482, 606, 252 00

103, 787, 082 62
Surplus fund
Undivided profits . . . 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'lbank circulation 321, 634, 675 00
1, 830, 563 00
Statebankcirculation

325, 305, 752 00
1, 763, 885 00

327, 092. 752 00
1, 700:, 935 00

333, 495, 027 00
1, 567,143 00

336, 289, 285 00
1, 511, 396 00

1,451,746 29

1, 561, 914 45

1, 454, 044 06

3,149, 749 61

1, 356, 934 48

Individual deposits.. 593, 645, 666 16
7,114, 893 47
U. S. deposits
5, 024, 699 44
Dep'tsU. S. dis. officers

620, 775, 265 78
6, 355, 722 95
3, 416, 371 16

618, 80.1, 619 49
6, 993, 014 77
5, 463, 953 48

613,290,671 45
7, 853, 772 41
4, 563, 833 79

598,114, 679 26
7, 863, 894 93
5,136, 597 74

Due to national banks 128, 627, 494 44
39, 025,165 44
Due to State banks

120,755, 565 86
35, 005,127 84

132, 804. 924 02
39, 878, 826 42

110, 047, 347 07
33, 789, 083 82

124, 218, 392 83
34, 794, 963 37

3,818,686 91
6, 062, 896 91

4, 9-25, 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 re-discounted
Bills payable
Total

jl,719,415,657 34 1,743,652,213 55 jl,770:8:>7,269 40 1,755,857,098 24 jl, 773, 556, 532 43

FEBRUARY 28.

Capital stock.

APRIL 25.

JUNE 13.

SEPTEMBER 12.

DECEMBER 26.

1,947 b a n k s .

1,962 b a n k s .

1,968 banks.

1,976 b a n k s .

1,970 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

114, 681, 048 73
Surplus fund
Undivided profits . . . 48, 578, 045 28

115, 805, 574 57
52, 415, 348 46

110,847,454 62
55, 306, 154 69

120,314,499 20
54, 515, ] 31 76

120, 96], 267 91
58, 375,169 43

Nat'l bank circulation 336, 292, 459 00
1, 368, 271 00
Statebank circulation

338,163, 864 00
1, 280, 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

1,400,491 90

1, 465, 993 60

1, 462, 336 77

1,402,547 89

1,269.474 74

Individual deposits . 656,187,551 61
7, 044, 848 34
U. S. deposits
5, 835, 01)6 60
Dep'tsU.S.dis.officers

610, 848, 358 25
7, 880, 057 73
4, 425, 750 14

641,121,775 27 622, 685, 563 29
8,691,001 95
7, 829, 327 73
6, 416, 275 10 8, 098, 560 13

540, 510, 602 78
7, 680, 375 26
4, 705, 593 36

Duetonational 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

5,117,810 50
5, 672, 532 75

5, 403, 043 38
7, 059,128 39.

5,987,512 36
•r», 480, 554 09

3,811,487 89
7, 754,137 41

Dividends unpaid . . .

Notes re-discounted.
Bills payable
Total

5, 515, 900 67
7,215, 157 04

1,839,152,715 21 11,800,303,280 11 1,851,234,860 38 1,830,627,845 53 1, 729, 380, 303 61
1814.
FEBRUARY 27.

JUNK 26.

OCTOBER 2.

1,975 b a n k s .
Capital stock

MAY 1 .

1,978 b a n k s .

1,933 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

DECEMBER 3 1 .
2,027 b a n k s .
$495, 802, 481 00

123, 497, 347 20
Surplus fund
Undivided profits... 50, 236, 919 88

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

Nat'l bankcirculation 339, 602,955 00
Statebank circulation
1, 078, 988 00

340, 267, 649 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, 291, 055 63

2, 259,129 91

1, 242,474 81

3, 516, 276 99

6, 088, 845 01

Individual deposits.. 595, 350, 334 90
7, 276, 959 87
U.S. deposits
5, 034, 624 46
Dep'tsU. S. dis. officers

649, 286 298 95
7, 994, 422 27
3, 297, 689 24

622, 863,154 44
7, 322., 830 85
3, 238, 639 20

669, 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 39 135, 640,418 24
Due to State banks.. 48,112, 223 40 48, 683, 924 34

143, 033, 822 25
50, 227, 426 18

125,102,049 93
50, 718, 007 87

129,188, 071 42
51, 629, 602 36

4, 436, 256 22
4, 352, 560 57

4,197, 372 25
4, 950, 727 51

Dividends unpaid...

Notes re-discouuted..
Bills payable
Total

3, 448, 828 92
4, 275, 002 51

4, 581, 420 38
4, 772, 662 59

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




192

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1875.
MARCH 1.

JUNE 30.

MAT 1.

OCTOBER 1.

DECEMBER 17.

2,076 b a n k s .

2,088 b a n k s .

2,086 b a n k s .

Resources.
2,029 b a n k s .

Loans and discounts. $956,485, 939 35
Bonds for circulation 380, 682, 650 00
Bonds for deposits.. 14, 492, 200 00
TJ. S. bonds on hand. 18, 062,150 00
Other stocks andb'ds 28,268,841 69
Due from res've ag'ts 89, 991,175 34
Due fromnat'l banks 44,720,394 11
Due from State banks 12, 724, 243 97
Eeal estate, &c
39, 430, 952 12
Current expenses. .. 7,790, 581 86
Premiums paid
.9, 000, 880 92
Cash items
11, 734, 762 42
Dlear'g-houseexch'gs 81,127,796 39
Bills of other banks. 18, 909, 397 00
Fractional currency. 3, 008, 592 12
Specie
16, 667,106 17
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

2,046 b a n k s .
$971, 835, 298
378, 026, 900
14, 372, 200
14, 297, 650
29,102,197
80, 620, 878
46, 039, 597
12, 094, 086
40, 312, 285
7, 706, 700
8,434, 45:j
13,122,145
116,970,819
19, 504, 640
2, 702, 326
10,620,361
84, 015, 928
38,615,000
21, 454, 422

74 $972, 926, 532 14 $984, 691,434 40 $962, 571, 807 70
00 375,127, 900 00 370,321, 700 00 363, 618,100 00
14, 097, 200 00
13, 981, 500 00
14,147, 200 00
00
13, 989, 950 00
16, 009, 550 00
12, 753, 000 00
00
33, 505, 045 15
31, 657, 960 52
32, 010, 316 18
10
85, 701, 259 82
81, 462, 682 27
89, 788, 903 73
75
47, 028, 769 18
44,831, 891 48
48,513,388 86
57
11, 963, 768 90
11, 895, 551 08
11, 625, 647 15
39
42, 366, 647 65
41,583,311 94
40, 969, 020 49
99
7,841,213 05
9, 218, 455 47
4, 992, 044 34
42
8, 670, 091 18
9,442,801 54
8, 742. 393 83
14
12, 758, 872 03
11, 238, 725 72
12, 433:100 43
88
75,142, 863 45
67, 886, 967 04
88, 924, 025 93
05
18, 528, 837 00
17,166,190 00
24,261,961 00
00
2, 595, 631 78
2, 901, 023 10
2, 620, 504 26
44
8, 050, 329 73
17, 070, 905 90
18, 959, 582 30
64
76, 458, 734 00
70, 725, 077 00
87, 492, K95 00
00
48, 810, 000 00
31, 005, 000 00
47,310,000 00
00
19, 686, 960 30
19,202,256 68
19, 640, 785 52
29

1,869,819,753 22 1,909,847,891 40 1,913,239,201 16 jl,882,209,307 G2 1,823,469,752 44

18?6.
MARCH 10.
2,091 b a n k s .

Loans and discounts. $950, 205, 555 62
Bonds for circulation 354, 547, 750 00
Bonds for deposits.. 14, 216, 500 00
U. S. bonds on hand. 25, 910, 650 00
Other stocks and b'ds 30, 425,430 43
Due from res've ag'ts 99, 068, 360 35
Due from nat'l banks 42,341, 542 67
Due from State banks 11,180, 562 15
Real estate, &c . . . . . 41, 937, 617 25
Current expenses... 8, 296, 207 85
Premiums paid
10,946,713 15
Cash items
9, 517, 868 86
Dlear'g-house exch 'gs 58, 863,182 43
Bills of other banks. 18, 536, 502 00
Fractional currency. 3, 215, 594 30
Specie
29, 077, 345 85
Legal-tender notes.. 76, 768, 446 00
TJ.S.cert'fs of deposit 30, 805, 000 00
Due from U. S. Treas 18,479,112,79
Total

JUNE 30.

MAY 12.
2,089 b a n k s .
$939, 895, 085
344, 537, 350
14,128,000
26, 577, 000
30, 905,195
86, 769, 083
44, 328, 609
11, 262,193
42,183, 958
6, 820, 573
10,414,£47
9, 693,186
56, 806, 632
20, 347, 964
2, 771, 886
21, 714, 594
79, 858, 661
27,380,000
16, 911, 680

OCTOBER 2.

DECEMBER 22.

2,091 b a n k s .

2,089 b a n k s .

2,082 b a n k s .

34 $933, 686, 530 45 $931, 304,714 06 $929, 066,408 42
00 339,141, 750 00 337,170, 400 00 336, 705,300 00
14, 757, 000 00
14, 698, 000 00
14, 328, 000 00
00
31, 937, 950 00
33,142,150 00
30, 842, 300 00
00
31, 565,914 50
34, 445,157 16
32,482,805 75
82
83,789,174 65
87, 326, 950 48
87, 989, 900 90
97
44,011, 664 97
47, 525, 089 98
47, 417, 029 03
46
12,415,841 97
12, 061, 283 08
10, 989, 507 95
96
43,498,445 49
43,121, 942 01
42, 722, 415 27
78
9, 818, 422 88
6, 987, 644 46
5, 025, 549 38
35
10, 811, 300 66
10,715,251 16
10, 621, 634 03
28
20,658,709 26
12, 043,139 68
11, 724. 592 67
37
68, 027, 016 40
87, 870, 817 06
75, 328, 878 84
63
17, 521, 663 00
15,910,315 00
20, 398, 422 00
00
1,146, 741 94
1, 417, 203 66
1, 987, 897 44
26
32, 999, 647 89
21,360,767 42
25, 218, 469 92
36
66, 221, 400 00
84, 250, 847 00
90, 836, 876 00
00
26, 095, 000 00
29, 170, 000 00
27, 955, 000 00
00
16, 359, 491 73
16, 748, 695 40
17, 063, 407 65
20

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

JANUARY 20.

APRIL 14.

JUNE 22.

OCTOBER 1.

DECEMBER 28.

2,083 b a n k s .

2,073 b a n k s .

2,078 b a n k s .

2,080 b a n k s .

2,074 b a n k s .

L o a n s and discounts. $920, 561, 018
Bonds for circulation 337, 590, 700
Bonds for deposits . . 14,782,000
TJ. S. bonds on hand . 31, 988, 650
Other stocks and b'ds 31,819,930
D u e from res've ag'ts 88, 698, 308
D u e from nat'l b a n k s 44, 844, 616
D u e from State b ' n k s 13, 680, 990
Real estate, &c
43, 704, 335
Current expenses...
4,131, 516
P r e m i u m s paid
10.991,714
Cash items
10,295,404
Dlear'g-houseexch'gs 81,117, 889
Bills of other banks
18,418,727
F r a c t i o n a l currency.
1, 238. 228
Specie
49, 709, 267
Legal-tender n o t e s . . 72, 689, 710
TJ.S.cert'fs of deposit 25,470. 000
D u e from U. S. Treas 16,441,509

65 $911, 946, 833 88 $901, 731, 416 03 $891, 920, 593 54 $881, 856,744 87
00 339, 658,100 00 337, 754,100 00 336, 810, 950 00 343, 869, 550 00
13, 538, 000 00
14, 971, 000 00
14, 903, 000 00
00
15, 084, 000 00
28, 47i9, 800 00
32, 344, 050 00
30, 088. 700 00
00
32, 964, 250 00
32,169,491 03
35, 653, 755 29
34, 435, 995 21
20
32, 554, 594 44
75, 960, 087 27
82,132, 099 96
73, 284,133 12
85
84, 942, 718 41
44,123, 924 97
44, 567, 303 63
45, 217, 246 82
88
42, 027, 778 81
11, 479, 945 65
11, 246, 349 79
11,415,761 60
81
11, 911, 437 36
45, 511, 932 25
44,818, 722 07
45, 229. 983 25
47
44, 736, 549 09
8, 958 903 60
7, 910, 864 84
6, 915', 792 50
48
7, 842, 296 86
8, 841, 939 09
10, 320,674 34
9, 219,174 62
50
10, 494, 505 12
10, 265, 059 49
10, 099, 988 46
11, 674, 587 50
19
10,410,623 87
64, 664, 415 01
57, 861. 481 13
74, 525, 215 89
04
85,159, 422 74
20,312, 692 00
20,182, 948 00
15, 531, 467 00
00
17, 942, 693 00
778, 084 78
1, 055,123 61
900, 805 47
08
1,114, 820 09
32, 907, 750 70
21, 335, 996 06
22, 658, 820 31
55
27, 070, 037 78
70, 568, 248 00
78, 004, 386 00
66, 920, 684 00
00
72, 351, 573 00
26, 515, 000 00
44, 430, 000 00
32, 410, 000 00
00
32,100, 000 00
16,493, 577 08
17, 932, 574 60
16,021,753 01
98
16, 291, 040 84

Total
1,818,174,517



68 1,796,603,275 29 1,774,352,833 81 1,741,084,663 84 1,737,295,14.5 79

REPORT OF THE COMPTROLLER OF THE CURRENCY.

193

Banks from October, 1863, to October, 1885—Continued.
I § 7 5 .
MARCH 1.

JUNE 30.

2,029 banks.

Liabilities,

MAY 1.
2,046 banks.

2,076 banks.
'

DECEMBER 17.

OCTOBKR 1.

2,086 b a n k s .

2,088 b a n k s .
i

j

!
Capital s t o c k . . . . . . . . !$496,272,901 00 $i98, 7)7,143 00 $501, 568, 503 50 '$504, 829, 769 00 I $505, 485, 865 00

131, 249, 079 47 ! 131,604,608 66 ! 133,169,094 79 ! 134,350,076 41 | 133, 085,422 30
Surplus fund
1
52,160,104 68 | 52,1164,953 50 | 59, 204,957 81
Undivided profits . . . 51, 65O3 243 62 j , 55, 907. 619 95
!
N a t l bank circulation 324, 525, 349 00 323,321,230 00 318,148, 406 00
786, 844 00
S t a t e bank circulation
824, 876 00 I
815, 229 00
!

2, 501, 742 39

6,105, 519 31

Individual deposits .! 647,735,879 69 ; 695, 347, 677 70
U. S. d e p o s i t s . . . . . . . .
7, 971, 932 75 ; t>, 797, 972 00
5, 330i 414 16 ; 2, 760, 38V 41
Dep'tsu.S.dis.officera

:6,478,630 48
6,714,328 70
3, 459, 061 80

1,601,255 48

Dividends unpaid . . .

Due to national banks
Due to State banks ..

138, 914, 828 39
55, 714, 055 18

137,735,121 44 j 127, 280, 034 02
55, 294, 663 84
53, 037, 582 89

Notes ue-disconnted.
Bills payable

4,841,600 20 !
4, 786, 436 57 ;

5,671,03144 i
6, 079, 632 94 j

4,261,464 45
5, 758, 299 85

318, 350, 379 00 ! 314, 979,451 00
772, 343 00
752, 722 00
4, 003, 534 90
1,353,396 80
664,579.619 39
6,507,531 59 j 618,517,245 74
4, 271,195 19 ]
6, 652, 556 67
4,232, 550 87
129,810,681. 60
119,843,665 44
49, 918, 530 95
47, 048,174 56
5,254,453 66 |
6, 590, 234 43 j

5, 257,160 61
7, 056, 583 64

1,869,819,753 22 11,909,847,891 40 jl,913,239,201 16 1,882,209,307 62| 1,823,469,752 44

Total..

1876,
MARCH 10.

MAY 12.

JUNE 30.

OCTOBER 2.

DECEMBER 22.

2,091 banks.

2,089 b a n k s .

2,091 banks.

2,089 banks.

2,082 b a n k s .

$504, 818,666 00 $500, 982, 006 00 $500, 393, 796 00 $499, 802,232 00

Capital stock

$497,482, 016 00

131,795,199 94 | 131, 897,197 21
46, 609, 341 51
49, 039, 278 75

132,202,282 00
46, 445,215 59

131, 390, 664 67
52, 327,715 08

300, 252, 085 00 ' 294, 444, 678 00
658, 938 00
667, 060 00

291, 544, 020 00

292, Oil, 575 00
608, 548 00

Surplus fund
| 133, 091, 739 50
Undivided p r o f i t s . . - ! 51, 177, 031 26
Nat'lbankcirculationj 307, 476,155 00
714,539 00
Statebankcirculation

Dividends unpaid ...

1,405, 829 06

2,325,523 51 !

6,116,679 30

612, 355, 096 59
8,493,878 18
2, 505, 273 30

641,432,886 08
7, 667,722 97
3, 392, 939 48

D u e to national banks 1 139,407,880 06 i 127,880,045 04
Due to State b a n k s . . ! 54, 002, 13L 54 |! 4«i. 706, 969 52

131, 702,164 87
51,403,995 59

Individual deposits..! 620,674,211 05
V. S. deposits
; 6, 606,394 90
Dep'tsu.S.dis.officera;
4,313,915 45

Notes re-discounted .1
Bills payable
'
Total

i, 631, 882 57 I
6, 049, 566 3L j

4,653,460 08 |
5, 650. 126 87 |

3, 867, 622 24
6,173, 000 03

628, 847 00
3,848, 705 64
651,385,210
7, 256, 601
3, 746, 781
131, 535, 969
48,250,111
4, 464, 407
6,154, 784

19
42
58
04
63
31
21

1, 286, 540 28
619, 350,223 06
6, 727,155 14
4, 749, 615 39
122, 351, 813 09
48,685,392 14
4, 553,158 76
5,882,672 15

!l,834,369,941 70 ; 1,793,306,002 78 11,825,760,967 28 1,827,265,367 61 ;1, 787,407, 093 73

i JANUARY 20.
|

2,083 banks,

JUNE 22,

APRIL 14.
2,073 b a n k s .

2,078 b a n k s .
i

Capital stock

2.418,909 70

2,080 banks.

2,074 bank3.

•179,407,771 00 | $477,128,771 00

i

127,793,320 52 ! 124, 714, 072 93 . 122,770,121 24 j 121,618,455 32
45, 009, 418 27 j 50,508,351 70 | 44, 572, 678 72 ! 51,530,910 18

Nat'lbaukcimilationj 292,851,351 00 291,710,313 00 | 290, 002, 057 00
581,242 00
535, 963 00
521, 611 00
Statebankcirculation;
Dividends unpaid ....

DECEMBER 23.

.

$493,631,611 00 $480,684,645 00 ;$181.,044,77l 00

130,221, 169 02
Surplus fund
Undivi ded profits... 37, 450, 530 32
d

OCTOBER 1.

1, 853, 974 79

1,398,101 52

291,874,230 00 j 2D9, 240, 475 00
481, 738 03
470, 54J C
O
3, 623, 703 43

1,404,173 34

Individual d e p o s i t s . . 659,891.969 16
7, 234, i:l;6 96
U. S. deposits
3. 108,316 55
Dep'tsU.S.dis.officera:

641,772,528 08 636,267, 529 20
7, 584, 267 72 7, 187, 431 67
3, 076, 878 70 3, 710,107 20

610,403,987 12
7,972,714 75
2, 376, 983 02

604,512,514 52
6, 529, 031 09
3,780,759 43

D u e to national banks 130, 293, 566 36
Due to State b a n k s . . 49, 965, 770 27

125,422, 444 43 j 121,443,601 23
48, 604, 820 09
48, 352, 583 90

115,028,954 38
46, 577, 439 88

115, 773, 660 58
44,807, 958 73

3, 791, 219 47
6,137,116 83

4 654,734 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

Notes re-discounted.
Bills payable

Total.,

4, 000, 063 82
6, 483, 320 92


5745 CUR

-13

3, 985, 459 75
5, 969, 241 94

2,953,128 58
6, 249, 426 88

194

REPORT OF THE COMPTROLLER OP THE CURRENCY.

Aggregate resources and liabilities of the National
187 8.
MARCH 15.

MAY 1.

JUNE 29.

OCTOBER 1.

DECEMBER 6.

2,063 b a n k s .

2,059 b a n k s .

2,056 banks.

2,053 b a n k s .

2,055 b a n k s .

Resources.
Loans and discounts. $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
19, 536, 000 00
28, 371, 000 00
47, 936, 850 00
49,110, 800 00
Bonds for deposits . . 13, 329, 000 00
33,615,700 00
40, 479, 900 00
46,785, 600 00
44, 255, 850 00
U. S. bonds on hand. 34,881,600 00
36, 694,996 24
36,859,534 82
35, 816, 810 47
Other stocksand b'ds 34, 674, 307 21 34,697,320 53
71,331,219 27
78, 875, 055 92
85, 083,418 51
81, 733,137 00
Due from res've ag'ts 86, 016, 990 78
40, 545, 522 72
41, 897, 858 89
41,492,918 75
43,144, 220 68
Due from nat'l banks 39, 692,105 87
12, 413, 579 10
12,232, 316 30
12,314, 698 11
12, 259, 856 09
Due from State banks 11, 683, 050 17
45, COl, 536 93
46,153,409 35
46, 702, 476 26
46, 728,147 36
Real estate, <e
fc
45, 792, 363 73
7, 239, 3G5 78
4,718, 618 66
6,272, 566 73
7, 608,128 83
Current expenses . . .
7, 786, 572 42
7, 574, 255 95
7,335,454 49
7,134,735 68
6, 978, 768 71
Premiums paid
7, 806,252 00
10, 989, 440 78
11, 525, 376 07
10, 982, 432 89
9, 985, 004 21
Cash items
10,107, 583 76
95, 525,134 28
87,498, 287 82
82,372,537 88
61,998,286 11
Clear'g-house exch'gs 66,498, 965 23
18, 363, 335 00
17, 063, 576 00
16, 929, 721 00
19, 392, 281 00
Bills of other banks. 16, 250, 569 00
661, 044 69
610, 084 25
515,661 04
496, 864 34
Fractional currency.
697, 398 86
46, 023, 756 06
29,251, 469 77
30, 688, 606 59
34, 355,250 36
Specie
54, 729, 558 02
67, 245, 975 00 71, 643,402 00
64, 428, 600 00
64, 672, 762 00
Legal-tender notes.. 64, 034, 972 00
20, 995, 000 00
36, 905, 000 00
32, 690, 000 00
32, 520,000 00
U.S.cert'fsof deposit 20, 605, 000 00
16,798, 667 62
16, 543, 674 36
17, 940, 918 34
DuefromTJ.S.Treas. 16, 257, 608 98 1G, 304, 030 47
Total

1,729,465,956 90 1,741,898,959 05 1,750,464,706 51 1,767,279,133 21 1,742,826,837 37

18 7 9 .
JANUARY 1.

APRIL 4.

2,051 b a n k s .

!

2,048 b a n k s .

JUNE 14.

OCTOBER 2.

DECEMBER 12.

2,048 b a n k s .

2,048 b a n k s .

2,052 banks.

Loans and discounts. $823, 906, 765 68 $814, 653, 422 69 $835, 875, 012 36
Bonds for circulation 347,118. R00 00 ! 348, 487, 700 00 352, 208, 000 00
Bonds for deposits.. 66, 507, 350 00 '< 309,348,450 00 257, 038, 200 00
U. S. bonds on hand. 44, 257, 250 00
62,180, 300 00
54, 601, 750 00
Other stocks and b'ds 35, 569, 400 93 i 36,747,129 4)
37, 617, 015 13
Due from res've agt's 77, 925, 068 68 ! 74, 003, 830 40
93,443,463 95
Due from nat'l banks 44,161,948 46 I 39, 143, 388 90
48,192, 531 93
Due from State banks 11,892,540 26 I 10, 535, 252 99
11, 258, 520 45
Real estate, &c
47, 796,108 26
47, 091, 9G4 70 ! 47,461,614 54
6,913,430 46
Current expenses . - .
4, 033, 024 67 ! 6, 693, 668 43
5, 674, 497 80
Premiums paid . —
6, 609, 390 80
6, 366, 048 85 |
10, 209, 982 43
Cash items
13, 564, 550 25 I 10, 011, 294 64
Clear'g-houae exch'gs 100, 03"), 237 82 | 63, 712, 445 55 83,152,359 49
Bills of other bankti. 19, 535, 588 00
17, 068, 505 00 16, 685, 484 00
446,217 26
Fractional currency.
467,177 47
475, 538 50
42, 333, 287 44
Specie
41, 499, 757 32 i 41,148, 563 41
67, 059,152 00
Legal-tender notes . 70, 561, 233 00
64,461,231 00
25,180, 000 00
U.S. cert' fsof deposit 28,915,000 00
21, 885, 000 00
16, 620, 986 20
Due from U. S. Troas 17,175,435 13
17,029,121 31
•Total

$878, 503, 097 45 $933,543,661 93
357, 313, 300 00 ! 364,272,700 00
18, 204, 650 00 j 14,788,800 00
40,677,500 00 i
52,942, 100 00
38,836,369 80 1
39, 671, 916 50
!
107, 023, 546 81 102,742,452 54
55,352,459 82
46, 692, 994 78 i
13, 630, 772 63 ! 14,425,072 00
47, 992, 332 99
47, 817,169 36
7,474,082 10
6, 111, 256 56
4,150,836 17
4, 332,410 63
10, 377, 272 77
11, 306,132 48
112,172, 677 95
112, 964, 964 25
16,406, 218 00
16, 707, 550 00
374, 227 02
396, 065 06
79,013,041 59
42,173,731 23
54, 715, 096 00
69,196, 696 00
10, 860. 000 00
26, 770, 000 00
17, 054, 816 40
17, 029, 065 45

l,800,592,0;;2 25 1,984,068,936 53 2,019,884,549 16 [1,868,787,428 19 [1,925,229,617 08 |

1880.
FEBRUARY 21.

APRIL 23.

2,061 b a n k s .

2,075 banks,

JUNK 11.
j 2,076 banks.

OCTOBER 1.

DECEMBER 31.

2,090 b a n k s .

2,095 b a n k s .

Loansaml discounts $974, 295, 3G0 70 $992, 970, 823 10 $994,712,646 41 $1,040,977,267 53 $1,071,356,141 79 i
358,042,550 00)
357.789,350 00
Bonds for circulation 361, 901, 700 00 361, 274, 650 00 359,512,050 00
14, 722, 000 00
14,727,000 00
14,726,500 001
14,827,000 00
Bonds for deposits.. 14,917,000 00
29, 509, 600 00
28,605,800 00
25,016,40<»00i
28,793,400 00
U. S. bonds on hand. 36,798, 000 00
42,494, 927 73
44, 947, 345 75
48,628,372 77
48,863,150 22
Otherstocks and b'ds 41, 223, 5£3 33
126,155,014 40
134,562,778 70
Due from res've ag'ts 117,701,386 81 103,9(14,229 84 115,935,668 27
50, 578,444 69
69,079,326 15
63,023,796 84
Due from nat'l banks 53, 230, 034 03 54, 493,465 09
13, 861, 582 77
17,111,24103
15,881,197 74
14,501, 152 51 13, 293, 775 94
Due from State banks
47, 808, 207 09
47, 979, 244 53
47,784,461 47 j
48,045,832 54
47, 845, 915 77
Real estate, &c
7, 007, 404 .19
6, 778, 829 19
4,442.440 02
6,386,182 01
6, 404, 743 54
Current expenses.-.
3, 791, 703 33
3,702,354 60
3,288,602 63
3,488,470 11
3, 908, 059 27
Premiums paid
9, 857, 645 34
9, 980,179 32
14,713,929 02
12,729,002 19
10, 320, 274 51
Cash items
99, 357, 056 41 122, 390,409 45
229,733,904 59
121,095,249 72
Clear'g-houseexch'gs 166, 736, 402 64
21, 064, 504 00
21, 908,193 00
21,549,367 00
18,210,943 00
Bills of other banks. 15, 360, 257 00
395,747 67
387,226 13
389,921 75
367,17173
397,187 2.1
F ractional c iirrency
86,429,732 21
99, 506, 505 26
107,172,900 92
109,346,509 49
89,442, 051 75
Specie
61, 048, 941 00 64,470, 717 00
59,216,934 00
56,640,458 00
Legal tender notes.. 55,229, 408 00
7, 890, 000 00
12, 510, 000 00
6,150,000 00
7,655,000 00
U.S.cert'fsof deposit 10, 760, 000 00
16, 999, 083 78
17,125,82237
17,103,866 00
Due from U.S.Treas. 16, 994, 381 37 17,226, 060 01
Total

2,038,066,498 46 1,974,600,472 95 |2,035,493,280 15




2,105,786,625 82 2,241,683,82991

REPORT OF THE COMPTROLLER OF THE CURRENCY.

195

Banks from October, 1863, to October, 1885—Continued.
18 7 8.
I

MARCH 15.

MAY 1.

JUNE 29.

OCTOBER 1.

DECEMBER 6.

2,056 b a n t s .

2,053 banks.

2,055 b a n k s .

|

Liabilities.
I 2,063 b a n k s .

2,059 b a n k s .

U
. . . . $473, 952,541 00 $471, 971, 627 0 '$470, 393, 366 00 $466,147, 436 00 i $464, 874, 990 00
I
Surplus fund
j 120, 870, 290 10 119,233,126 33 118,178, 530 75 j 116, 897, 779 98 ! 116, 402,118 84
43, 938, 961 98 j 40, 482, 522 64 [ 40, 936, 213 58 j 44, 040,171 84
Undivided profits . . J 45, 040, 851 85
Capital stock

JTat'l b a n k circulat'n 300, 926,284 00
State b a n k circulat'n
439,339 00
Dividends unpaid . . .

1, 207, 472 68

Individual d e p o s i t s . . 602, 882, 585 17
U. S. deposits
7, 243, 253 29
Dep's ILS.dis. officers
3, 004, 004 90
Due to national b a n k s 123,239.448 50
Due to State banks . . • 43, 979, 239 39
Kotes re-discounted . i
Bills payable
!

2,4C5, 390 79
4, 215,196 23

301, 884, 704 00
426,504 00

299,621,059 00 j 301, 888, 092 00 j 303, 324, 733 00
413, 913 00 i
400 715 00
417, 808 00 !

3,930,669 58

5, 46(5, 350 52 I

1, 473, 784 8$

3,118,389 91

625,479,771 12 621,632,160 06 ; 620, 236,176 82 \ 598, 805, 775 56
13,811,474 14 22, 680, 619 07 : 41,654,812 08 j
40, 269, 825 72
2,392,281 61
2,903,531 99 .
3, 451, 436 56
3,342, 794 73 [
j
109, 720, 396 70 117, 845, 495 88 I 122,496,513 92 ! 120,261,774 54
44, 006, 551 05 43, 360, 527 86 ! 42, 636, 703 42 | 41,767,755 07
2, 453, 839 77 j
5, 022, 891 37 j

2, 834, 012 00
4, 270, 879 74

3, 007, 324 85 !
4, 502, 982 92 !

3,228,132 93
4, 525, 617 45

11,729,465,956 90 1,741,898,959 05 1,750,404,706 51 1,767,279,133 21 1,742,826,837 37

Total

l'§ 7 9.
JANUARY 1.

APBJL 4.

JUNE 14.

OCTOBER 2.

DECEMBER 12.

2,051 b a n k s .

2,048 banks.

2,048 b a n k s .

2,048 banks.

2,052 banks.

$462, 031, 396 00 |$455, 611, 362 00 $455,244, 415 00 $454, 067, 365 00 i $454, 498, 515 00

Capital stock

116, 200, 863 52 114, 823, 316 49 | 114, 321, 375 87
Surplus fund
Undivided profits . . . 36, 836, 269 21 40, 812, 777 59 j 45, 802, 845 82
Natflbank circulat'n 303, 506,470 00 304,467,139 00
388, 368 00
352,452 00
State bank circula'n-

307, 328, 695 00
339, 927 00

114, 786, 528 10 i 115,429, 031 93
41,300,941 40 ! 47, 573', 820 75
|
313, 786, 342 00 I 321, 949,154 00
322, 502 00
325, 954 00 J

5, 816, 348 82

2,158, 516 79

Individual deposits..! 643,337,745 26
XT. S. deposits
I 59, 701,222 90
Dep's XLS.dis. oflflcersj
3,556, 801 25

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 ! 755,459, 966 01
6,923, 323 97
11, 018, 862 74 i
3, 469, C O 02 j
O
3, 893, 217 43

D u e to national banks! 118,311,635 60
D u e to State b a n k s . . j 44, 035,787 56

110,481,176 98
43,709,770 14

137,360,091 60
50,403, 0<J4 54

149, 200, 257 16 I 152, 484, 079 44
52, 022, 453 99 ! 59, 232, 391 93

Dividends unpaid . . .

Notes re-discounted.!
Bilk p a y a b l e . . . . . . . . |
Total

2,926,434 95
3, 942, 659 18

2. 224, 491 91
4, 452, 544 48

3,309, 059 13 i

2, 226,39G 39 j
4, 510, 870 47 I

2, 658, 337 46 I

2, 205, 015 54
4,208,201 89

1, 305, 480 45

2,116,484 47
4, 041, 649 70

.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

1880.
FEBRUARY 2 1 .

JUNE 11.

OCTOBER 1.

DECEMBER 31.

2.061 b a n k s .
Capital stock

APRIL 23.
2,075 banks.

2,076 banks.

2,090 banks.

2,095 banks.

$454, 548, 585 00 '$456, 097, 935 00 $455, 909, 565 00 |$457, 553, 985 00

$458, 540,085 00

Surplus f u n d . . . . . . . . 117, 044, 043 03
Undivided profits . . , 42,863,804 95

117, 299, 35;) 09
48, 226,087 61

118,102, 014 11 j! 120, 518, 583 43
50,443, 635 45 II 46,139, 690 24

121, 824, 629 03
47, 946,741 64

K a t l bank circulate
State bank circulat'n

820,303. 874 00
303,452 00

317,484,496 00
258,499 00

Dividends unpaid . . .

1, 365, 001 91

320. 759, 472 00 318,088, 562 00 | 317, 350, 036 C
O
" 299, 790 00 |
273, 045 00
290, 738 00 j
1
1,542,447 98
3,452,504 17
1,330,179 85

6,198,238 38

Individual depoiits„ 848,926,599 86
7,856,791 97
XT. S. deposit*
3, 069, 880 74
Dep'iXJ.S.dis. officers

701,555,059 63
7, 925, 988 37
3, ^20, 006 64

833,701,034 20
7, (580. 905 47
3, 026, 757 34

873,537,637 07 1,006,452,852 82
7, 548. 538 67
7, 898,100 94
3, 344| 386 62
8,489,501 01

Due to national banks; 170,245,061 08
Due to State banks - . J 65,439, 334 51

157, 209, 759 14
63, 317,107 96

171, 462,131 23
67,038,795 35

192,124,705 10
75,735,677 06 |

Notes re-discounted. I
Bills payable...
Total.

1, 918, 788 88
4,181, 280 53

2,616,900 55 j
4, 529, 967 98

2, 258, 544 72
5, 260, 417 43

3,178, 232 50 |
5,031.604 96 I

192,413, 295 78
71,185,817 08
3, 354, 697 18
4, 636, 876 05

2,038,066,498 46 1,974,600,472 95 12,035,493,280 15 2,105,786,625 82 |2,241,683, 829 91




196

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Aggregate resources and liabilities of the National
I §SA .
MAY

6.

JUNE 30.

OCTOBER 1.

DECEMBER 31.

2,115 b a n k s

2,132 b a n k s .

2,164 b a n k s .

Resources.
2,102 b a n k s .
"Loans ami di scounts.
Botuls for circulation
Bonds for d e p o s i t s . .
TJ. S. bonds on h a n d .
O t h e r s t o c k s and b'ds
Duefrom r e s ' v e a g ' t s
D u e from n a t ' l b a n k s
D u e from StatebanksJ
Keal estate, &c . . . '
Current expenses...
P r e m i u m s paid
Cash items
Clear'g-bouse exch'gs
Bills of other b a n k s !
Fractional c u m n c v . i
Specie
."..
Legal-tender n o t e s . .
U . S. cert's of deposit 1
D u e from IT. S. Treas
Total

,073,786,749 70 $1, 093,049,382 18 $1, 144.988,949 45 $1, 173,796,083 09 $1, 169,177,557 18
352,653,500 00,
363,385,500 001
339,811,950 00!
358,287,500 00!
368,735 700 00
15,240,000 00i
14,851,500 00
15,265,000 00,
15,540,000 00,
15,715 000 00
41,116,500 00
40,866,750 00!
46,626,150 00
48,5H4,950 00
31,884,000 00
61,952,402 95i
52,908,123 98:
49,545,154 921
58.049,292 63J
62,663,218 93
132,968,183 12!
120,8-0, C.01 09
128,017,627 03;
156,258,637 05:
123,530,465 75
78,505,446 17;
62.205.517 34!
75,703,599 78'
77,633,902 77
03,170.225 67'
19,306.826 62
17,032.201 64-)
•18.S50.775 34
17,644,704 62
16,938,734 50
47,329,111 16
47.525.700 02!
47,445,050 46
47,^34,060 20.
47,791.348 36'
6,731,936 48
7J 810,1)30 83'
4,647,101 04
4,235,911 19
6,090,109 78
4,138,485 71
3,530,510 71,
3,891,728 72
4,115,980 01
4,024,763 C)()
14.831,879 30
10,144,082 87;
17,337,964 78
13,534,227 31
11,826,603 16.
189,222,255 95
147,761,543 96
217,214,627 10
19*5,633,058 01; 143,960.236 84
17.733.032 00
17.732,712 00
24,190,534 00
21.63L932 00
25,120,933 00
386,569 63
373,945 96
366,361 52
372,140 231
386.950 21
114,334,7; 6 12
105,156.195 24
113,680.639 60
128.638,027 50i
122.628^562 08
53,158,441 00
52,156.'4''9 00
60,104,387 00
58,728,713 00
G2.516.206 00
6,740,000 00
(5,120,'.'00 00
7,930,000 00
9,540,000 00!
8,045,000 001
17,472,595 96
17,015.'J€9 83
18,097,923 40
17,251,868 22!
18,456,600 14!

I 2,140,110,944 7d; 2,270,220,817 76 2,325,832,700 75; 2,358,387,29159 2,381,890,866 85

1 8 8 2.
2,187 banks.

2,224 banks.

Loans and discounts ?1,182,601,609 53$
Bonds forcirculation
367,333,700 00
Bonds for deposits ..
16,093 000 00!
TJ. S. bonds on hand.
28,523,450 00!
Oth er sto cks an d b' d s.
64,430, to6 18;
Due from res' ve agt's. 117,452,719 75
Due from nat'l banks
68,301,4)45 12|
Due from State banks
15,921,432 07
Real estate, &c
47,073,247 45
'Current expenses . . .
8,494,036 21:
Premiums paid
3,762,382 59!
13,308,120 70!
^Casli items
162,088,077 94;
Olear'g-bouseexeh'gs
19,440,089 00!
Bills of other banks..
389,508 07j
Fractional currency.
109,984,111 04;
Specie
Legal-tendernotes...
56.633,572 00
U.S. cert's of deposit 9,445.000 00;
Due from U. S. Treas
17,720,701 07|
Total

DECEMBER 30.

JULY 1.

MARCH 11.

,189,094,830
3C0,153,800
15,920,000
29,662,700
65.274.999
124,189,945
66,88:5,512
16.890,174
40.956,574
(1774.571
5,062,314
12,295,250
107,270,094
25,226,186
390,236
112.415,806
65.909,522
10,395,000
17,099,385

2,239 banks.

2,269 banks.

2,308 b a n k s .

35$l,208,932,655 92$1,243-,203,210 08 $1,230,456,213 97
...
00
355,789,550
15,920,000 00|
27,242,550
66,691,399
118,455,012
75,360,970 74!
16.344,688
46,425,351
3,o::o,464
5,494,224
20,166,927
159.114,220
21.405,758
373,725
111,694,262
64,019,518
11,045,000
16,830,407

357,631,750
16,111,000
21,314,750
66.168,916
113,277,227
68.516,841
17,105,468
46.537,066
7^38,270
6,515,155
14,784,025
208.3(16,540
20,681), 425
390,367
102,857,778
63,313,517
8,645,000
17,101,367

00;
00|
00
64
87
06!
44

357,047,650
16,344,000
15,492,150
66,998,620
122,066,106
76,073,227
18,405,748
46,993,408
5,130,505
6,472,585
16,281,315
155,951,194
25,344,775
401,314
106,427,159
68,478,421
8,475,000
17,954,069

27
00

00
00
Or
^
73
7«
49
41
53
82
67
81
00
70
40
00
00
42

2,309,057,088 72; 2,277,924,911 13 2,344,342,086 9o| 2,399,833,676 84 2,360,793,467 09{

1 8 8 3.
MARCH 13.
2,343 b a n k s ,

MAT 1.
j 2 375 b a n k s .

JUNE 22.

OCTOBER 2.

2,417 b a n k s .

2,501 b a n k s .

DECEMBER 31. j

Loans and discounts. $1, 249,114. £70 43 $1,202,339,981 87 $1,285,591,902 19 $1, 309,244,78164$!
354,480,250 00! 354,002,900 00j
351,412,850 001
•liumls for circulation!
354,746,500 CO,
16,949,000 00
17.116,000 00!
1 < n d s for d e p o s i t s . . j
>
17,081,000 00
16,700,000 00|
16^978.150 00
15,870,600 00
U. S. bonds on h a n d .
13,593.050 00,
17,850.100 00!
68,552.073 03
<)t her stocks and b'ds;
68,340,590 79!
71,114,031 llj
68,428.085 67!
126,646.954 62
D u e from res've ag'ts;
109,306,823 23
124,918,728 Til
121,024.151 60]
66i 164,638 21
D u e from nat'l banks!
(•8,477,918 02
65,714,229 44!
67.263,503 8G:
19,451,498 16
D u e from State b a n k s
19,382.129 33
18,266,275 05
16.993.3U 72!
47,502,ir,3 52
Real estate, &c
47,155,9u9 80
48,337,665 02
47,0(53.305 68'
8,829,278 26
7,754,958 86
6,808,327 30
Current expenses...
8,949,615 28j
8,079,726 01
7,798,445 04
8,064,073 60
P r e m i u m s paid
7,420,9M9 84!
11,109,701 18
15,461,050 16
13,581,049 94
Cash items
ll,360,73107|
90,792,075 08
145,990,998 18
96,353,211 76
Clear'g-house exch'gs
107,790,065 17
26,279,856 00.
22,655,833 00
22,675,447 00
Bills of other b a n k s .
19,739,526 00
456,447 36
446,318 94
443,95112
Fractional c u r r e n c y .
431,931 151
103.607,266 32
115,354,394 62
107,817,983 53
Specie
97,962,366 34
73,832,458 00
68,256,468 00
70,672,997 00
Legal-tender n o t e s . .
60,848,0(58 00
10,685,000 00
8,420,000 00
9,970,000. 00
IT. S. c e r t ' s of deposit!
8,405,000 00
17,407,906 20
17,497,694 31
16,586,712 60
B u e from U. S. T r e a s
16,726,451 30
Total

2,529 b a n k s .
307,491,250 34;
345,595,800 00
16,846,000 00
13,151,250 00
71,009,421 62
126,990,606 92
77,902,785 07
19,402,047 12
49,540.760 35
4,87,8,318 44
8,647,252 98
17,491,804 43
134,545,273 98
28,809,699 00
427,754 35
114,276,158 04
80,559,796 00
10,840,000 00
16,865,938 85

2, 298,918,165 11 2, 360,192,235 85 2, 364,833,122 441 2,372,656,364 S2j 2, 445,880,917 49




REPORT OF THE COMPTROLLER OF THE CURRENCY.

I9ir

Banlcsfrom October, 1863, to October, 1885—Continued.
1§81.
MARCH 11.

MAY 6.

JUNE 30.

OCTOBER 1.

DECEMBER 31.

2,094 banks.

2,102 banks.

2,115 banks.

2,132 b a n k s .

2,164 b a n k s .

Liabilities.
$458,254,935 00 $459, 039, 205 00 $460, 227, 835 00 $463, 821, 985 00 $465, 859,835 0 #

Capital stock
Surplus fund
Undivided profits . - .

122, 470, 996 73 124, 405, 926 91!
54, 072, 225 49] 54, 906, 090 47

Nat'l bank circulation
State bank circulat'n
Dividends unpaid . . .

298, 590, 802 Oo' 309, 737,193 00 312, 223, 352 00
252, 765 00|
252, 647 00
242, 967 00
I
1, 402,118 43 :
2, 617,134 37
5, 871, 595 59

Individual deposits..
U. S. deposits
Dep's U.S.dis. officers

933, 392, 430 75:1, 027, 010, 514 10 1, 031, 731, 043 42J1, 070, 997,431 711,102,679,163 71
8,796,678 \
9, 504, 081 25
8, 971, 826 73i
8, 476, 689 74
7, 381,149 25!
3, 595, 726 8S
3, 839, 324 77i
3, 371, 512 48
3, 272, 610 45!
3,631,803 41

D u e to national banks!
Due to State b a n k s . .

181, 677, 285 37
71, 579, 477 47

191, 250, 091 90
80, 700, 506 06

i

i

2, 616, 203 05;
4, 581, 231 47!

2, 908, 370 45;
4, 493, 544 771

Notes re-discounted.I
Bills payable
I
Total

126, 679, 517 97 128,140, 617 75
54, 684,137 16; 56, 372,190 92

129, 867,493 92:
54, 221, 81*3 1©

320,200,069 00
244, 399 00

325,018,161
241, 7U1 00

3, 836, 445 84

223, 503, 034 19| 205,862, 945 80
91, 035, 599 65; 89, 047,471 00

6, 372,737 1&

197, 252, 326 01
79, 380, 429 38

i

2, 220, 053 02:
5,169,128 57 j

3,091,165 30
4,664,077 12;

4,122,472 79
4,482,325 2&

12,140,110, 944 78,2, 270, 226, 817 76J2, 325, 832, 700 75,2, 358, 387, 391 59^, 381,890,866 8&
1

§§2.

MARCH 11.

Capital stock

MAY 19.

JULY 1.

OCTOBER 3.

DECEMBER 30.

2,187 banks.

2,224 banks.

2,239 banks.

2,269 banks.

2,308 bankflv

$409, 390, 232 00J $473, 819,124 00 $477,184, 390 00^ $483,104, 213 00 $484, 883,492

Surplus fund
Uiidivided profits .

130, 924,139 661 129, 2:-?3, 358 24,'
60, 475, 764 98 C2, 345,199 19

Nat'l bank circul atiou
State bank circulation

323,651,577 00 315, G71, 236 00; 308, 921, 898 00! 314, 721. 215 001 315, 230, 925 00
241, 527 00
241,319 00;
235,173 00;
221,177 00 j
207,273 0©
1, 418,119 12;

Dividends unpaid . . .

131, 079, 251 16
52,128, 817 73

1, 950, 554 88;

0, 634, 372 20

131, 977, 450 77! 135, 930, 969 81
61,180, 310 53' 55, 343, 816 94'

3,3 53, 836 30'

6, 805, 057 82

Individual deposits.. 1, 036, 595, 098 2011, 001, 687, 693 74 1, 060, 707, 248 75 1,122, 472, 682 461, 066, 901, 719 85
9, 741,133 36'
8. 8515, 242 16
TJ. S. deposits
9,817,224 44
8,817,411 21
9,622,303 5§
'\. P.72, 303 96
3, 493, 252 88
!, 807, 385 63
3,627, 846 72
3,786,262 20 •
•
Dep's U.S. dis. officers
Due to national banks
Due to State banks . .

187, 433, 824 90i
78,359, 675 85|

Notes re-discounted.
Bills payable

3, 912, 992 38
4,428,531 5.11

Total

192. 087, 805 26; 194, 80S. 025 46
78,911,787 20: 84,066'023 66
3, 754, 044 38:
b[ 008, 343 001

4,195, 210 99
5, 637, 605 88

180, 075, 749 77i
79,885,652 22

194, 491, 200 60
77,031,165 82

5,747,014 68
4. 848, 517 18

0, 703,164 4$3, 850, 056 54

2, 309, 057, OSS 72J2, 277, 924, 911 13 2, 344, 342, (ISO 90 2, 390, 833, 076 842, 360, 703, 467 09"

1 §83.
MARCH 13.
.

!
i

2,343 banks.
Capital stock.

MAY 1.

I
JUN& 22. I OCTOBER 2. I I»K( EMUER 3 1 .
I
i
... ..... j
2,375 banks, i 2,417 banks, j 2,501 banks.
2,529 banks.

$490,456,932 00J $493,963,069 00 $500,298,312 00i $509,699,787 00 $511, 837, 575 00

Surplus fund
Undivided profits . . .

136,922,884 44; 137,775,004 39! 138,331,902 06 141,991,789 18
59, 340, 913 64! 60, 739, 878 85; G8, 354,157 151 61, 560, 652 04

Nat'l bank circulation
State bank circulation

312, 778, 053 00; 3J3, 549, 993 00! 311, 903, 302 00, 310, 517, 857 00 304, 944,131 00
180, 253 001
184,357 O j •
O
181,121 00
206, 779 00
19d, 162 00J

Dividends unpaid

1, 389, 092 96

2, 849, 629 871

1,454.232 01;

3,229,226 31!

144, 800, 252 13
58, 787, 945 91

7, 082, 682 28

Individual deposits.. 1, 004, 111, 400 55 1. 007, 902,238 35 1, 043,137, 763 lljl, 049, 437, 700 57 1,106, 453, 008 23
9,013,873 33! 11,624,894 57
10,130,757 88
10,183,196 95! 10,026,777 79
TJ. S. deposits
3, 787, 225 311
3, 618,114 79
3, 743, 326 56
3, 980, 259 28J
3, 708, 862 04
Dep's U. S. dis. oflicers
Due to national banks
Due to State banks . .
Notes re-discounted.
Bills payable
Total.

191, 296, 859 14J 180, 445, 870 92
80,251,968 26! 78,544,128 82
5,101, 458 69,
3, 660, 724 79,

5, 557,183 69
3, 364, 061 60

194,150. 076 43; 186, 828, 076 27 200, 867,280 Of
f
84,744,(360 35: 83,602,073 0l[ 84,776,42160'
5,197, 514 12:
3,137, 259 77;

7,387, 537'40
4,053,252 81;

8, 248, 562 6T
4,106,297 78

2, 298, 918,165 112, 360,192, 235 85 2, 364, 833,122 44 2, 372, 656, 364 82.2,445, 880,917 4£>




198

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1884.
[MARCH 7.

Resources.

APRIL 24.

2,563 b a n k s .

Loans and discounts. $1,321,548,289
Bonds for circulation
Bonds for deposits . .
U. S. bonds on h a n d . .
Other stocks and b'ds
D u e from r e s ' v e a g ' t s
D u e from nat'l banks I
D u e from State banks'
Real estate, &c
C u r r e n t expenses . . .
P r e m i u m s paid
Cash items
Cl'g-house loan c e r t ' s
Clear'g-house exch'gs
Bills of other b a n k s . .
Fractional currency.
Specie
Legal-tender notes . .
IT. S. cert's of deposit .
D u e from U. S. T r e a s .
Total

339, 816, 150
16, 850, 000
18,672,250
73. 155, 984
138, 705, 012
64, 638, 322
17, 937, 976
49,418, 805
7, 8i:i, 880
9, 742, 601
11, 383, 792
68, 403, 373
23,485, 124
491, 067
122, 080,127
75, 847, (J95
14, 045, 000
16,465, 785

JUNE 20.

SEPTEMBER 30.

DECEMBER 20.

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 .

62 $1,333,433,230 54 $1,269,862,935 96$l,245,294,093 37 $1,234,202,226 44
00 337, 342, 900
334, 346, 350
327, 435, 000
317, 586, 050 0
C
00'
17,135,000
17, 060, 000
16, 840, 000
16, 740, 000 0(
00
15, 560, 400
14,143, 000
13, 579, 600
12,305,900 0
C
60
73,424,815
72, 572, 306
71, 363, 477
73, 449, 352 01
95,247,152
74( 122, 491, 957
111, 993, 019
121,161, 976 80
64, 891, 670
58
68, 031, 209
66, 335, 544
69. 459, 884- ^
16, 306, 500
35
18, 145, 827
15, 833, 982
18, 329, 912 01
50, 149, 083
02
49, 607,126
49, 900, 886
49, 889, 936 Ofl
8, 866, 558
56'
8, 054, 296
6, 913, 508
9, 670, 996 14
10, 605, 343
42!
9, 826, 380
11, 632, 631
11,923,447 13
11, 382, 292
57;
11 237, 975
13, 103, 098
11, 924,152 80
10, 3:55, 000
1, 690, 000
1, 870, 000 00
69,498,913
30!
83,531,472
66,257,118
75,195, 955 9i
23, 38<), 695
00
26, 525, 120
23, 258, 854
22, 377, 965 0(2
76
489,802
473, 046
469, 023
456, 778 26
109, 66',682
33 114,744, 707
128, 609, 474
139, 747, 079 53?
76,917,212
00
77, 712, 628
77, 044, 059
76, 369, 555 00
00|
11,990,000
9, 870, 000
14, 200, 000
19, 040, 000 0Q
17, 022, 999
66
17, 468, 976
17, 739, 906
15, 442, 306 52

2, 390, 500, 638 51 2, 396, 813, 834 922, 282, 598, 742 96 2, 279, 493, 880 07 2, 297,143, 474 27

18 8 5.
MARCH 10.

MAY 6.

JULY 1.

OCTOBER 1.

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 .

Resources.
Loans and discounts
Bonds for circulation
Bonds for deposits
II. S. bonds on hand
Other stocks and bonds
Due from reserve agents
Due from national banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
•Clearing-house loan certif't's.
Clearing-house exchanges
Bills of other banks
Fractional currency
Trade dollars
Specie
Legal-tender notes
U. S. cert's of deposit
Due from TJ. S. Treasurer
Total




1, 232, 327, 453 69 $1,241,450,649 79 51, 257, 655, 547 92
312,168,500 00
313,10(5, 2i>0 00
310, 102,200 00
16,740,000 00
16, 815, 000 00
17, fi07, 000 00
14, 76!), 250 00
14,007,650 00
14, 588, 800 00
75,019,208 99
75,152,919 35
77, 249,159 42
130, 903, 10:$ 77
130, 4(32, 273 26
132, 733, 904 34
67, 866, (156 57
6D, 442, 054 87
77, 220. 972 29
17,348,938 11
17, 572, 822 65
17, 180, 008 46
49, 886, 378 87
49,899,501 42
50, 729, 896 08
7, 096, 268 06
7, 877, 320 27
3, 533, 759 49
12, .S58, 982 70
12, 330, 437 60
12, 690, 663 41
11,276,626 48
11, 228, 856 82
17, 214, 373 52
1, 430, 000 00
1, 530, 000 00
1, 380, 000 00
72,259. 129 39
59,085,781 99
113,158, 675 32
26, 217,171 00
22,013,314 00
23, 465, 388 00
513,200 12
519, 529 96
489,927 18
167,115,873
71,017,322
22, 760, 000
15, 079, 935

67
00
00
80

2, 312, 744, 247 35

177,433,119
77, 336, 999
19, 135,000
15, 473, 270

30
00
00
84

2,346, 682,452 99

02
00
00
02

$1, 306,143, 990 4Q
307, 657, 050 00
17,457,000 00
14, 329, 400 00
77,495, 230 2a
138, 378, 515 15
78, 967, 697 86
17, 987, 891 44
51,293,801 16
6, 853, 392 72
12, 511, 333 41
14, 347, 579 53
1,110,000 00
84, 926, 730 7Q
23, 062, 765 00
477,055 17;
1, 605, 763 6S
174, 872, 572 54!
69, 738,119 00
18, 800, 000 00
14, 897,114 24

2,421, 852, 016 47

2, 432, 913,002 38

177, 612, 492
79,701,352
22,920,000
14, 617, 897

REPORT OF THE COMPTROLLER OF THE CURRENCY.

199

Banks from October, 1803, to October 1, 1885—Continued.
1 884.
APKIL 24.

MARCH 7.

Liabilities.
|

!

| SEPTEMBER 30.

DECEMBEB 20.

2,589 banks , ! 2,625 banks, j 2,664 banks. | 2,664 bank*.
_ ..
|
!
|

| $515,725,005 00 $518,471,844 00J $522, 515, 996 oo| $524, 271, 345 00$524, 089, 065 00
j

Capital stock
Surplus fund
Undivided profits

2,563 b a n k s .

JUNE 20.

I 145, 741, 679 90
i 63, 644, 861 56',

146,867,119 06
70, 711, 369 95

146,047,958 07
)
07, 450, 459 00

145,763,416 17 i 147, 055, 037 85.
70, 597, 487 21;
63,234, 237 62:

295.175, 334 001 289, 775,123 00, 280,197,043 00
179,666! 00
179,1653 ()0!
—
174, 645 00

Nat'l bank circulation
State bank circulation

298,791,610 OOJ
180, 589 00!

297,506,248 00j
180,576 OOj

Dividends u n p a i d . . . .

1,422,90191;

1,415,889 58:

Individual deposits .. 1, 046, 050,167 901, 0G0, 778, 388 06:
9, 956, 875 24i
11, 233, 495 771
U. S. deposits
|
3,850,461 06:
3,588,980 50;
Dep'tsILS.dis.officers

J

1,384,686 71
979, 020, 349
10, 530, 759
3,664,326

1, 331, 421 54

3, 686,160 33
975, 243, 795 14
10, 367, 909 92
3, 703, 804 34J

987, 649, 055 68
10, 655, 803 72
3, 749, 969 85

Due to national banks: 207, 461,179 63 192, 8G8, 942 31J 155, 785, 354
173, 979, 149 SO' 187,296.348 30
88, 466. 363 S9
Due to State banks ..
70, 480, 617
86, 778,138 85
72, 408, 206 85: 72, 572, 384 43
\
i
;
6, 234, 202 32i
7, 299, 284 58,
11, 008, 595 07,
8, 433, 724 67
11, 343, 505
Notes re-discounted..
2, 968, 740 50;
3, 193, 635 20!
3, 415, 524 07
4, 580, 862 15,
4, 262, 244
Bills payable
!
|
|
11, 895, 000
Cl'g-liouse loan cert's :
Total
% 390, 500, 038 51;2, 396, 813, 834 92 2, 282, 598, 742 96 2, 279, 493, 880 07 2, 297,143, 474 27

1885.
MARCH 10,
Liabilities.
Capital stock
Surplus fund
Undivided profits .
National bank circulation
State bank circulation
Dividends unpaid ..
Individual deposits
U. S. deposits
Dep'ts U. S. disbursing officers!
Due to national banks
Due to State banks
Notes re-discounted .
Bills payable
Total




MAY 6.

JULY 1.

OCTOBER 1.

2,671 banks.

2,678 banks.

2,689 banks.

2,714 b a n k s .

$524, 255,151 00

$525,195, 577 00 | $526, 273, 602 00

$527, 524, 410 00

145, 907, 800 02 i
60, 296, 452 56 !

145,103, 776 01
60,184, 358 12

146, 523, 799 94
52, 229, 946 61

146, 624, 642 06
59, 335, 519 11

274,054, 157 00 |
162, 581 00 I

273,703, 047 00
144, 498 00

269,147, 690 00
144, 489 00

268, 869, 597 00
136, 898 00

1, 301, 937 73

2, 577, 236 08

6, 414, 263 98

3, 508, 325 38

996,501, 647 40
11, 006, 919 47

1, 035, 802, 188 56
11, 690, 707 52

1,106, 376, 516 80
10, 995, 974 68

1,102, 372, 450 35
11, 552, 621 98

3, 039, 646 40 j
205, 877, 203 09
82,190, 567 43

3, 330, 522 70
199, 081, 104 40
81, 966, 092 25

6, 299, 722 15

5, 736, 012 02

1, 850, 462 10

2,167, 333 33

2, 312, 744, 247 35

2, 346, 682, 452 99

3, 027, 218 02 I
203, 932, 800
454
88, 847,
000
5, 864,
259
2, 074,
2, 421, 852, 016

05
78

2, 714, 399 37
213, 534, 905 08
86,115,061 25

85 '

8, 432, 792 64

76 I

2,191, 380 16

47

2, 432, 913, 002 96

ABSTRACT
OF

liBPORTS OP THE CONDITION
OF

THE NATIONAL BANKS
ON
DECEMBER 20, 1884, MARCH 10, MAY 6, JULY 1, AND OCTOBER 1, 1885.

Arranged by States, Territories, and Reserve Cities.

NOTE.—The abstract of each State is exclusive of any reserve city therein.




201

202

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884,
MAINE.
D E C E M B E R 2 0 . > MARCH 1 0 .
!...._.. .... _

Resources.

71 banks.

Loans and discounts.
Bonds for circulation.
Bonds for deposits . .
U. S. bonds on b a n d . .
Other stocks and b'ds
Due from res've ag'ts.'.
Due from nat'lbanks
Due from State banks
S e a l estate. &c
Current expenses
Premiums paid
Cash items
Clear' g-house exch'gs
Bills of other banks"..
[Fractional currency.
T r a d e dollars
Specie . Legal-tender notes . .
U. S. cert's of deposit.
Due from U. S. T r e a s .
Total

Gil, 738 47
192,560 00

641,132 37
180,747 00
407, 053 50 |

409, 318 50

;

31, 498, 679 98

! 32, 061, 373 33

NEW

Lo ans and discounts j
Bo nds for circulation !
Bonds for deposits -. |
U. <ij. bonds on hand..!
Oth er stocks andb'dsj
Due from res've ag'ts I
Due from nat'l banks I
Due from State banks'
Real estate. &c
;
Current expenses....!
Premiums paid
j
Cash items
Clear'g-house exch'gs .
Bills oi oilier banks.. j
Fractional currency . j
Trade dollars
L
Specie
i
Legal-tender notes ..'
U.S. cert's of deposit. j.
Due from U.S. Treas .i

$8, 353, 301
5, 815, 000
372, 000
14, 100
1, 394, 220
1, 263, 057
58, 779
22, 309
180, 108
58, 169
177, 623
139, 424

75
00
00
00
57
15
72
67
22
97
70
19

71 banks.
143
8, 809, 300
170, 000
21, 300
713, ,i97
2, 027, 711
308, 072
18, 522
530, 731
57, 278
189, 885
194, 154
81, 488
330, 551
3, 494

OCTOBER 1.
71 b a n k s .

95
00
00
00
89
76
67
39
36
70
40
69
51
00
46

$16, 871, 587 96 $16, 604, 265 52
8, 809, 300 00
8, 709, 300 00
170,000 00
170, 000 00
20, 300 00
24, 650 00
805, 741 39
751, 130 60
1, 967, 566 39
2, 840, 334 70
406, 776 81
607, 581 37
13,169 51
19, 314 05
535,126 65
521, 809 01
24,466 66
51, 181 35
187, 013 80
184, 019 55
234,709 67
270, 604 64
110, 690 41
124, 319 55
328, 625 00
369, 040 00
5, 418 58
2, 894 73
339 80
612,157 23 i
630,198 83
670, 348 15
177,460 00 !
237, 602 00
182, 196 00

409, 418 50 I

430, 718 50 ,

31, 556, 068 51 i 31, 789, 012 16

$8,177, 857
5, 800, 000
372, 000
14,750
1, 386, 773
1, 244, 284
57, 776
55, 337
174, 756
54, 608
193,140
106,157

j

48 b a n k s .

i

48 b a n k s .

71 ! $8, 292, 611 96 I $8, 284, 316 17
00 ! 5, 800. 000 00 '
5, 800, 000 00
00 |
372| 000 00 j
372, 000 00
00 !
13, 350 00 ;
13, 350 00
15
1, 312, 693 74 • 1, 394, 744 75
93
1, 303, 952 84 | 1, 429, 740 04
59
85, 346 48 '
89, 486 50
05
68, 966 49
50, 942 05
45
173, 874 14
177, 017 53
06
41,771 67
24, 540 10
60
188, 859 13
203, 383 75
45
114,296 25
183, 271 74

229, 424 00 .
6, 955 73

231,052 00
6,338 66

222, 587 00 |
5, 903 06 ;

267, 800 00
6, 644 71

235, 964 21
115,837 00

252, 276 72
105, 449 00

242, 434 97
113, 242 00 ,

248,250 57
117,374 00

267, 275 00

267, 075 00 j

285, 375 00

268, 750 00

i 18, 705, 025 88

487, 218 50
32, 590, 547 §2

HAMPSHIRE.
48 b a n k s .

48 b a n k s .

Total

'

$17, 377, 324 26 ! $16, 742, 572 44
8, 809, 300 00
8, 892, 300 00 !
170,000 00
170, 000 00 ;
22,500 00
22, 500 00 ;
616,821 78
612, 380 98
2,169,471 72
1, 910, 755 33
368, 790 90
376, 880 96
7,641 02
20,941 22
538, 992 55
543, 281 33
47,184 39
09,843 60 ,
197,183 61
200,065 85
225, 780 02
221,103 98
104,514 63
59, 21.6 26
265, 609 00
347, 524 00 i
3, 646 65 i
3, 376 96

JULY 1.

71 banks.

MAY 6.
_ _

•

71 banks.

18, 499, 833 37 j 18, 618, 964 93 | 18, 948, 236 91

48 b a n k s .
$8, 371, 374
5, 800, 000
372, 000
15, 200
1, 522, 334
1, 740, 889
139, 529
41,132
181, 769
52, 201
201,031
165, 046

04
00
00
00
16
70
97
45
52
97
11
87

236, 834 00
6,577 15
105 00
282, 996 08
139, 469 00
260, 475 00
19, 528, 966 02

VERMONT.
50 b a n k s .

50 b a n k s .

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.
Duefromnat'l banks.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit.
DuefromU.S. Treas.

$11,397, 743
6, 463, 500
50, 000
68, 650
900, 355
1, 019, 339
169, 683
19, 002
276, 927
57, 915
92, 661
46, 765

67
00
00
00
13
72
49
74
91
92
08
64

48 b a n k s .

48 b a n k s .

$10, 327. 260 62 $10, 240, 263 59 $10, 206,764 14
6,142, 500 00
6, 256, 000 00
6,126, 000 00
50, 000 00
50, 000 00
50, 000 00
217, 750 00
75,150 00
122, 700 00
902, 771 66
877, 989 49
848,461 44
1,104, 694 24
1,021,750 95
879, 407 43
124, 975 70
167, 032 91
187, 300 33
13, 342 39
5,998 46
35, 726 55
214, 986 27
210, 956 99'
211, 664 16
25, 769 71
47, 955 21
18, 400 10
113,179 08
136, 404 67
151, 522 79
48,778 67
74, 729 9?
81, 880 60

140, 904 00
3,262 90

136, 3i3 00
4, 361 85

151, 432 00
4,267 90

180,133 00
3,082 50

248, 221 6r»
184, 689 00

267, 583 65
161,873 00

272,272 07
166, 550 00

293 551 10
151, 564 00

279,994 50

Total
21, 419, 617



35

47 b a n k s .
$10, 589,150 83
6, 017, 500 00
50, 000 00
232, 350 00
931, 044 89
977, 996 78
185, 893 38
26, 009 59
216, 559 26
35, 594 90
154, 698 96
79 720 27
122,
3,
4
308
156,

596
255
595
307
953

00
02
80
24
00

257, 329 50

252, 229 50

264, 622 50

287, 347 50

19, 976, 643 88

19, 756, 662 09

20, 203, 927 67

20, 379, 573 42

REPORT OF THE COMPTROLLER OF THE CURRENCY. 203
arranged by States and reserve cities.
MAINE.
!

Capital stock

OCTOBER 1.

MAIICH 10.

MAY 6.

JULY 1.

71 b a n k s .

71 b a n k s .

71 b a n k s .

: • $10, 360, 000 00 i $10, 360, 000 00

$10,360,000 00

$10, 360, 000 00

$10,360, 000 00

Liabilities.

DECEMBER 20. 1
j
;
71 b a n k s .

71 b a n k s .

Surplus fund
Undivided profits.... ;

2,443,544 72
1,405,413 21 :

2,460,665 J5
1,093,707 12

2, 464, 253 19
1,159,646

2, 481, 306 15
977,810 09

2, 486, 217 94
1,142,139 04

Nat'l bank circulation
State bank circulation

7, 844, 170 00
1 427 00

7, 729, 337 00

7, 797, 819 00

7, 797. 294 00

7, 683, 079 00

Dividends unpaid

48, 505 98

38,611 57

Individual deposits . X . S. deposits
X
Dep'ts U.S.dis.ofneers

8, 907,147 85 >
73, 878 61
56/213 87

65, 698 58

263,419 58

79, 426 17

9, 132, 727 89
78, 361 47
60, 668 07

8, 944, 584 12
78, 603 40
73, 280 61

9,144, 271 62
73, 916 79
66,192 85

10, 095, 495 19
85, 018 85
57, 491 11

Dv.c to national banks

693. 591 39

341,645 77

484, 021) 83

450, 234 19

442, 044 56

Due to State banks-..

] 64-, 011 01

151,061 53

88,153 41

123, 254 89

114r 532 48

Notes re-discoriiited..
Bills payable

73,364 3 0

42, 000 00

40, 000 00

50, 000 00
1,312 00

45,103 10

'• 32,061, 373 33

31,498,679 98

31, 556, 068 51

31, 789, 012 16

32, 590, 547"if

Total

N E W HAM P SHIR E
48 b a n k s .

48 b a n k s .

Capital stock

48 b a n k s .

48 b a n k s .

48 b a n k s .

$6, 105, 000 00

$6,105,000 00

$6,105,000 00

$6,105, 000 00

Surplus fund
Undivided profits .

1,193,316 76
656,791 47

1,195,189 54
576, 027 62

1, 187, 832 14
584, 849 99

1,216,855 99
499, 095 05

1, 220, 425 86
581, 752 04

Nat'l bank circulation
State bank circulation

5, 122, 238 00
6, 838 00

5, 108, 256 00
6,838 00

5, 113, 570 00
6, 838 00

5,125,810 00
6, 838 00

5,149, 045 00
6,838 00

$6,105, 000 00

Dividends unpaid . . .
Individual deposits ..
U. S. deposits
,
Dep'ts U. S. dis. office rs;

17,313 53

18, 276 59

35, 807 09

96, 517 65

30, 780 81

4, 682, 832 47
228, 978 37
100,560 81

4, 415, 333 45
193, 964 74
121, 359 03

4, 624, 045 15
217, 78'^ 62
103, 928 16

4, 833, 418 61
236, 822 75
88, 059 47

5, 425,196 2*.
234, 606 71
106,710 43

Due to national bank si

358, 689 88

365, 686 05

308, 661 05

323, 441 93

326, 554 34

Due to State banks...

206, 456 49

372,579 96

320,140 73

395, 361 66

328, 056 60

18,010 10
8, 000 00 !

13, 622 39
7, 700 00

10, 510 00

12, 913 22
8,102 58

14, 000 00

:

18, 499, 833 37

18,618,964, 93

18, 948, 236 91

19, 52fe, 966 02

Notes re-discounted..
Bills payable
.»
Total

18, 705, 025 88

VERMONT.
50 b a n k s .

Capital stock

50 b a n k s .

$8, 053, 000 00 • $7,671,000 00

48 b a n k s .

48 b a n k s .

47 b a n k s .

$7, 531, 000 00

$7, 551, 000 00

$7, 541, 000 00

Surplus fund
Undivided profits . . .

1, 626, 485 21 !
789, 909 47 i

1, 511, 840 24
478 200 47

1,477,010 60
578, 497 26

1,485,105 74
436, 777 97

1, 473, 839 42
501, 204 03

Nat'l bank circulation
State bank circulation

5, 731, 892 00
3, 500 00

5, 509, 808 00
3, 500 00

5, 437, 518 00
3, 500 00

5, 419, 203 00
3,500 00

5, 355, 913 00
3,500 00

Dividends unpaid . . . 1

9, 234 63

14,761 17

11, 004 63

93, 864 38

13, 284 3»

4, 535, 747 47
37,150 49
6, 769 91

4, 381, 085 50
42, 783 15
5, 962 91

4, 870, 534 97
35, 493 31
7,604 24

5,154, 308 U
36, 720 61
12, 943 97

94, 057 26

141, 284 56

140, 753 29

151,316 13

34, 595 95

56, 382 21

94,178 27

63,139 21

58,101 99
21,110 93

69, 522 34
21,110 93

51, 521 96
14, 39Q 54

62, 894 8S
9,509 S3

21,419,617 35 1 19, 976, 643 88

19, 756, 662 09

20, 203, 927 67

20, 379, 573 43

Individual deposits. -.'
U. S. deposits
Dep'ts U.S.dis.officers;

4,821,597 31
33, 560 64 '
10,427 38

Due to national banks

173,813 15 \
37,106 64

Due to State banks
Notes re-discounted .:
Bills payable

Total

1

107, 979 99 1
21,110 93




204

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
MASSACHUSETTS.
DECEMBElt 20.

Loans and discounts
Bon ds for circulation.
Bonds for deposits...
U. S. bonds on hand..
Other stocks and b'ds
Due from res've ag'ts.
Due from nat'lbanks.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency
Trade dollars
Specie
Legal-tender notes ..
TJ. S. cert's of deposit
Due from IT. S. Treas.

MARCH 10.

MAY 6.

JULY 1.

OCTOBER 1.

195 banks.

Resources.

195 b a n k s .

195 banks.

195 banks.

195 banks.

$82, 898, 870 20 $82, 608, 208 90 $83, 568, 226 94 $33, 000, 007 30 $86,172, 243 64
39, 094. 350 00 38, 749, 350 00
38, 606, 850 00
39, 831, 350 00
39, 228, 350 00
350,000 00
300, 000 00
• 300, 000 00
300,000 00
300, 000 00
249, 500 00
386,950 00
249, 950 00
267, 550 00
270, 950 00
4, 357, 382 99
3, 732, 902 57
3, 981, 504 55
4, 293, 219 58
4,416,318 06
8, 528, 991 69
8, 048, 929 29
8, 755, 246 63
8, 973, 745 93
9, 306, 905 50
846, 487 73
1, 114,184 13
706, 251 52
869, 860 37
695, 644 53
183,497 23
138, 390 50
85, 336 88
131, 116 72
136, 950 71
2, 048, 992 41
2, 046, 362 27
2, 002, 696 65
1,998, 611 57
2,026,823 09
257, 033 75
592,444 59
542, 499 33
209, 936 28
201, 984 85
1,120, 747 33
1,180, 155 72
1,173, 087 08
1,120,653 00
1,119, 300 63
897, 484 65
677,218 43
689,418 71
983, 402 44
696, 743 79
40, 822 48
66, 984 03
33,652 12
79,113 15
29, 465 22
1, 188,343 00
1, 379, 501 00
1,149, 235 C
O
1,231,021 00
1,251, 022 00
31, 626 79
38,256 93
34,175 33
33, 179 06
29, 785 68
15, 215 75 S
2, 438, 310 74 j
1,931,291 85
2,054,319 47 ;
2, 069, 225 88 j 2,256,383 16
!
1, 672, 817 00 i
1,478,722 00
1,488,443 00
1, 512, 343 00 i 1,507,987 00
175,000 00 !
165, 000 00
155, 000 00 :
170,000 00
165,000 00 i
1,791,626 40
1, 807, 843 73
1,810,385 00 I 1,783,499 00 I 1, 748, 448 75

Total

147, 200, 355 09

117, 609, 051 62

CITY
54 banks.

148,194, 835 69 | 148, 239, 679 65 151,190,29 131

OF B O S T O N .

54 banks

54 banks.

Loans and discounts $117, 388, 982 92 |$114, 829, 830 89 $116, 925, 654 72
Bonds for circulation ! 26,606,150 00 1 25, 150 00 25, 694, 650 00
876,
Bonds for deposits .. j
175, 000 00 [
175,000 00
175, 000 00
U.S. bonds on hand..;
70,800 00 I
72, 550 00
71, 200 00
Other stocks and b'ds! 2,276,917 6 8 ! 2, 538,223 91
890,122 25
222, 650 80
102,
Due from res' ve ag'ts I 10, 037,135 92 I 14, 248 43
651,671 60
Due from nat'l banks. I 9,084,695 4 5 ! 7, 665,931 29
525, 072 13
305, 855 94
Due from State banks
706, 4u4 84 !
976, 522 64
Real estate, &c
3, 007, 972 09 j 2, 972.825 63
178, 492 44
Current expenses
742,923 35 1, 159,011 96
71(5,904 08
738, 094 05
Premiums paid
I
782, 970 33 j
333, 304
W O . ] 46 14
Cash items
\
380, 471 50 I
822, 949 17
.Clear'g-house exch'gsj 6, 421, 272 89 | 0, 477, 322 82
745, 008 00
Bills of other banks..! 1, 967, 748 00 ; 1, 582, 394 00
7, 899 86
Fractional currency .1
11, 778 79 i
11,111 91
Trade dollars
j
,
Specie
j 7, 93G, 418 48
650, GGG77
8,386,727 10
Legal-tender notes ..) 3, 912, 020 00
376, 482 00
3,452,339 00
U. S. cert's of deposit. j 1, 335, 000 00
780, 000 00
1, 395, 000 00
Due from U. S. Treas | 1, 596,152 82
305,191 75
1,278,551 75
Total

j 194, 466, 815 08 193,397,964 82

RHODE
63 banks.
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.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency
Trade dollars
Specie
Legal-tender notes .
V. S. cert's of deposit
Due from U. S. Treas
Total

445, 706 04
505, 529 00
643, 935 27

:

$122, 729, 511
25, 559,650
175, 000
203, 250
i 3, 008, 541
! 13,547, 054
! 9, 823,298
415, 190
2, 975,795
430, 918
817, 587
1, 005,
329
11,344, 025
2,103, 743
9, 677

49
00
00
00
53
86
94
34
58
59
62
31
65
00
60

8,978, 450
3,949, 267
1,395, 000
1,155, 34*

12
00
00
25

|
i
1
!

I S LA N D .
62 banks.
238, 892
627, 400
150, 000
;
153, 750
i 1,447, 779
'. 2, 629, 834
I
518, 064
10 !
56, 559
42
700, 548
43
121, 238
71
405, 973
67
136, 687
26
266, 765
00
355, 094
37
13, 250

51
00
00
00
38
21
00
09
86
43
51
52
64
00
99

489,253 54
489, 187 00
570, 890 00 ;

636, 640 00

!$30,
; 13,
i

61 b a n k s .

61 b a n k s .

$30, 213, 623
13, 595, 400
150,000
153,650
1, 416, 464
2, 538, 637
572, 712
29, 244
674, 605
81,375
428,154
178,936
714, 259
314, 829
13, 634
-I •
473, 197
490, 909
496, 374 00
458,430

93
00
00
00
47
27
19

53, 075, 965 85 | 52, 455, 498 36 ; 52, 428, 049 37




$125,331,305 35
24,614, 650 00
175,000 00
46,400 00
3, 031, 823 75
13, 931,112 86
10,154, 928 37
243,996 14
2, 972,149 53
27, 379 02
874,438 83
649,521 05
9, 558, 723 20
2,034,077 00
7, 805 66
397 00
8, 960, 565 17
3, 542, 498 00
1,185, 000 00
1,154, 071 75

209, 626, 640 88 | 208,495, 842 68

197, 051, 392

63 banks.

$30,641, 179 97 $30, 524,144
13, 820, 400 00
13, 820, 400
150,000 00 ;
150, 000
152,400 00 |
152, 800
1, 353, 381 78 i 1, 392,354
2, 289, 798 31 ; 2, 138,567
775, 694 60 !
6*8, •214
68,419 43
•it, 901
798, 846 98
738, 423
129, 494 36 j
120, 169
435, 969 71 I
4O.i, 874
163, 245 40 :
146. 485
312,390 04 I
266, 684
378,111 00 '
304, 052
11,463 96
13, 096

54 b a n k s .

54 banks.

98
00
00
00
39
23
32
03
87
20
89
74
25
00
56

$31, 002,630 77
13, 595,400 00
150, 000 00
251, 200 00
j 1,466, 008 69
i 2, 359,941 96
!
688, 465 31
37, 519 44
j
!
686, 020 83
109, 684 05
I
436, 760 95
144, 191 72
298, 659 22
356, 239 00
11, 068 45
i
319 00
565, 457 43
87 |
493, 667 00
00 j

695, 565 00

637, 715 00

52, 720, 442 33 290, 948 82
53,

REPORT OF THE COMPTROLLER OF THE CURRENCY. 2 0 5

by States and reserve cities—Continued.
MASSACHUSETTS.
DECEMBER 20.

MARCH 10.

MAf 6.

195 b a n k s .

]05 b a n k s .

195 banks.

Liabilities.

JULYl.
!

[

195 banks.

195 banks.

! $45, 677, 500 00 j $45, 667, 500 00 j $15, 217, 500 00 ; $45,117,500 00

Capital stock

OCTOBEK 1.

$45, 095, 650 00

Surplus fund
! 13,649,123 6 1 ! U 592, 155 35 I 13,473,837 0 2 ; 13, 524, G22 47 ! 13,51.5,902 18
Undivided p r o f i t s . . . .j 4, 497, 302 31 ! 4, 9:7, 008 52 , 3, 980, 7S;3 28 ; 4,150,393 57 ! 3,531,604 11
34,499,177 00 , 34, 550, 8J4 00 j 33,954,039 00

!Nat'l bank circulation] 35,151,022 00
State bank circulation \
......

107, 177 94

114,694 74

Dividends i n l a i d . . .

205, 582 47 ;

Individual deposits . i 44,713,969 7 4 ; 40,232,755 84
n
p
— - 210,223 81. j
213,760 72
XT. S. d e p o s••s . . .
it
42, 669 78
p
j
29,056 20 I
I>ep'tsU.S.dis.otHcersj

378,343 i'S •

1, 664,149 13

2,256,74! 85 \

1,872,068 63

Due to State b a n k s . . . j

132, 226 09 \

120, 167 2G

158, QoC) 07

Notes re-discounted..
Bilks payable

578, 494 74
190,000 00 i

299,010 58
45, 000 00

170, 990 33 33, 000 00 ;

Total

70J, 574 4i

49, 132, 964 05
51,715,367 00
238, 547 52 :
259, 377 38
16,187 17 ;
10,349 62

48, 474, 915 94
212.55!) 88
43, 000 97

Due to national banks!

34,200,534 00

1, 337, 004 21 I

1,612,300 62

265, 214 06 i

214,582 72

81. 000 00 !
43, 263 62 !

153, 945 51
89, 525 55

j 147, 200, 355 09 I 147, 609, 051 62 | 148, 194, 835 69 | 148, 239, 679 65 | 151,190, 293 13

CITY
54 banks.

OF B O S T O N .

54 banks.

j

54 banks.

$50, 950, 000 00 $50, 950, 000 00 ! $50, 950, 000 00

Capital stock

54 banks.

]

Surplus fund
! 11, 418, 270 35
Undivided profits . . . . i 3, 366,106 71

11, 324, 141 37
4, 596,112 41

N a t ' l b a n k circulation
State b a n k circulation

22,957,375 00 j 22,505,170 00 j 22,379,171 00 j

23, 301, 482 00

Dividends unpaid

;

%

100,636 80

11,345,536 89
3,568, 185 03

11,416,551 46
2, 397,141 82
21,716,837 00

29,424 96

62, 096 55 :

1,111,741 05

70,142, 264 22 | 74, 707, 502 60 i 81, 075, 250 34 I
103,653 51 i
113, 154 51 !
110, 945 30 i
26,427 21 !
22, 750 71
17, 840 55 j

51, 337 81

I n d i v i d u a l deposits . . j 70, 812. 461 44
IT. S. deposits
i
106, 227 70
Dep'tsU.S.dis.officersi

11,345,536 89
2, 787, 718 25

36, 389 06 I

54 b a n k s .

$50,950,000 00 ; $50, 950, 000 00

80, 326, 965 06
110,209 14
18,188 86

25,989,442 98 | 25,336,780 69 i 30,560,153 01
Due to national banks!
D u e to State b a n k s . . .
Notes re-discounted. Bills payable

27, 101, 674 96
0,904,829 15

30, 512, 185 00
7, 154, 719 48 j

8, 762,142 08 I

9, 555, 466 61

1.17, 439 58 i

420, 000 00 ;

1, 995 00

9,933,273 20

"425," 666" 66"

Total

' 194, 466, 815 08

li>3f397,904 82

2,750 00

197,051,392 53 ! 209,626,640 88 | 208,495,842 63

RHODE ISLAND.
63 b a n k s .
Cap t a l s t o c k
Sir plus fund
fund.
I
.divided profits

\

63 b a n k s .

:

62 b a n k s .

61 banks.

61 b a n k s .

\ $20,540,050 00 ! $20,540,050 00 j $20, 485, 050 00 j $20,340,050 00 j $20, 340, 050 00
.;
j

N a t ' l b a n k circulation!
State bank circulation;

4,021,095 6 6 !
4, 021, 09;> 66 !
1,710,289 H8 j
12, 310, 203 00
8, i,5S 00
81,907 59

Dividends unpaid.... .\

4,020,229 8S !
4, 0^*5, 229 < 4 i
4
1, 4U5, 906 49 \

4, 01"!, t>02 38 j 3, m:\ 833 06 j
4, 011, t>02 3S
J,207, 580 55 ;
1,430, 187 08

12, 180, 8(53 00 ! [•}. 085, 574 00 i 12,019,234 00 |
7, 001 00 ;
2, 7<S5 00 j
2, 795 00 |
92, 000 82 ••

132,007 87 \

243, 592 31 \

3, 954, 823 93
1,268,468 69
12,056,177 00
2,790 00
190,513 57

Individual deposits . . | 11,422,794 44 | 11,077,368 58 i 12, 069, 262 68 | 12, 586, 98 L 15 I 13, 096, 232 49
47, 247 14 j
40, 835 36 j
IT. S. deposits'.
!
37, 4C4 20 j
32. M:> 08 ;
71.092 06
84,180 72 j
94, 750 47 |
Dep'tsU.S.dis.ofticersj
68,055 72 j
107, 188 45 i
57, 589 25
Due to national banksi
Due to State banks . . ;

1,982,832 03 i

1, 307, 358 07 ;

892, 615 03 !

726, 512 70 !

1, 054, 71S 00 i
1, 035, 260 53

1,281, 192 31 i
945, 400 42 '

1,315,925 88
937, 285 95

Notes re-disco anted.
Bills payable
Total

53, 075, 965 85 j 52, 455, 498 36




52, 428, 049 37 j 52, 720, 442 33

53, 200, 948 82

206

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884? arranged
CONNECTICUT.
DECEMBER 20.

M A U C H 10.

88 banks.

87 banks.

MAY

JULY 1.

OCTOBER 1.

84 banks.

6
.

84 banks.

Resources.
87 banks.

Loans and discounts ! $40, 480,025 27 \ $40, 346, 387 20 $40, 242,199 97 $40, 510,342 71 $40, 601, 465 01
Bonds for ciiculation | 18, 310,100 00
18, 010,100 00 18,010, 100 00
18, 252, 100 ( O 18,240,100 00
J
360, 000 00
360, 000 00
Bonds for deposits . . i
360, 000 00
360, 000 00
360,000 00
163, 450 00
271,450 00 ;
(J. S. bonds on h a n d . . !
270, 500 00
531, 400 00
268,300 00 ]
Other stocks and b'dsj
2, 678,909 41
2, 851,305 49
3,178, 167 93
2,716,284 94 i 2, 759, 474 36
6, 369, 524 15 5, 290,268 56 S 4, 384, 449 32
Duefromres'veag'ts ! 4, 679,244 03
5,817,399 41.
1,950,872 09 j 2, 718,209 47 ; 2, 866, 259 25
Due fromnat'lbanks. |
2, 006,890 69 ! 2,223,624 31
197,488 17 ;
D u e from State banks j
275, 030 13
229, 719 14 j
151, 762 79
216,437 21
1,446,947 61 j 1, 424'118 80 ' 1, 434, 863 30
Real estate, &c
j 1, 505,900 12
1, 455, 280 79 :
248,976 41 :
283, 904 53
48, 157 05
Current expenses.... j
204, 094 53
172,037 63
543, 692 63 i
515, 698 40
Premiums paid
j
546, 787 10
556, 383 13
542,1)96 73
384,211 26
385, 977 74
452, 324 72
Cash items
•
401, 232 38
474, 619 24
801 70
187, 242 44 !
965 24 |
194,
331,
Clear'g-house exeh'gsl
228, 692 88
207, 008 33
:
937, 829 00 j
714, 181 00
896, 288 00
Bills of other banks.. \
762, 670 00
787, 401 00
:
723 47
14,472 72
15,
Fractional currency I
13, 437 35
13, 769 50
17, 897 70
Trade dollars.
j
35, 212 30
Specie
j 1, 331, 908 63 1, 371, 499 91 1,436,312 59 I 1,505,629 16
1,562, 155 22
808, 542 00
904, 552 00 i
Legal-tender notes .. j
883, 715 00
901, 669 00
777, 505 00
sit.;
U. S. cert's of deposit
794, 013 35 j
856,851 35
D u e from U. S. L'reas i
Treas
847, 342 75 i
827, 232 25
856, 892 40
Total

J 75, 504, 301 13! 76, 863, 630 81

NEW
260 b a n k s .

266 banks.

77, 342, 68$ 15 ! 77, 170,100 04 j 77, 041, 238 94

YORK.
:

266 bank's.

265 banks.

267 b a n k s .

Loans and discounts. | $84, 276, 886 19 $82, 629, 206 69 ! $83, 880, 625 39 $83,214,057 04 $83, 979, 728 98
27, 462, 150 00 : 27, 362,150 00
Bonds for ciiculation
27, 898, 650 00
27, 392,150 00
27, 267, 150 00
Bonds for d e p o s i t s . . .
775, 000 00
775, 000 00
775, 000 00
892, 000 00
892, 000 00
U. S. bonds on h a n d . - :
1,473,950 00
1,610, 600 00 i 1, 587, 000 00
1, 543, 050 00
1, 486, 800 00
Other stocks and b'dsj
7, 214, 736 10
7,185, 686 67
6, 836,124 34
6, 846, 954 33
7, 202, 547 52
D u e from res've ag'ts' ! 13, 663, 999 95
15, 679, 800 32
13,603, 123 04 13, 611, 766 38
14, 285, 672 97
Due from nat'l banks ;
2, 353,126 45
2,137, 313 33
2. 500, 969 96
2, 846, 764 47
2, 707, 892 77
Due from State banks
1, 275, U2 45
041, 009 18
663,624 14
808, 355 70
670, 772 16
Real estate, &e
:
3,356, 754 17
3, 237, 023 91
3, 167, 294 78
3, 257, 084 38
3, 256. 720 86
671, 336 40
465, 195 94
C u r r e n t expenses . . . •
'
550, 304 48
224,178 82
444; 260 93
1,163, 289 89
1, 202, 013 47
1,266,955 35
P r e m i u m s paid
1, 288, 198 94
1, 150, r>98 09
1,278,151 76
1,443,802 20
3, 248, 824 98
Cash items
1,797, 882 48
1, 309, 115 60
33, 426 3(3
48,213 27
Clear'g house exch'gs
61, 715 44
60, 482 61
34, 467 3rt
167 00
1,188,055 00
1,225,986 00
Bills of other b a n k s : .
1,137,599 00
1, 204, 478 00
1,152,
Fractional currency.
33,087 34
34, 289 04
33, 037 55
37, 368 63
38, 182 52
Trade dollars
;
243, 514 40
3,961,563 01
4,486,115 13 ,
4,814,558 19 j 4, 876, 057 65
5, 054, 293 02
Specie
;
2, 823, 569 00
3, 365, 079 00
3, 191, 699 00
Legal-tender notes . . [ 3,834,901 00 , 3, 683, 640 00
325, 000 00 !
425, 000 00 !
40-% 000 00
405, 000 00 '
265, 000 00
U. S. cert's of deposit
1,284,731 00 | 1,247,059 60
1, 296, 586 65
Due from U. S. Treas. \ 1,259,692 21
1,295,447 10
Total

156,173,909 29

155,482,712 17 | 154,549,646 05

CITY
44 banks.
Loans and discounts $210, 385, 727
14, 177, rid >
Bonds for circulation
820, 0U0
Bonds for deposits . . !
4, 498, 4-"0
U. S. bonds on h a n d . . '
Other stocks a n d b ' d s . 13, 686, 440
Due from res'vo a g ' t s . i
D u e from nat'l b a n k s
19, 546. 175
Due from State banks
2, 732, f)40
9, 874, 374
Real estate, &c
1,731,038
Current expenses
1
1, 186, 885
P r e m i u m s paid
;
1,792, 179
Cash items
1
1, 870, 000
C. H. loan certificates]
Clear'g-hou.se exch'gsi 53,927,031
Bills of other b a n k s . . I 2, 084, 8:59
38,918
Fractional currency j
Trade dollars
."..!
72, 838, 950
Specie
Legal-tender notes . . 23, 205, 272
8, 005, 000
U. S. cert's of deposit.
1, 086, 864
Due from U. S. Treas
Total
443, 488,192 48



155,785,818 68 j 156,628,718 84

OF NEW YORK.
41 banks

44 banks.

45 banks.

44 banks.

$214,283,771 51 211,897,611 98 $216,409,219 45 $236,889,911 83 ;
13, G!'9,500 00 13. 609. 500 00 12, 863, 500 00 12, 566, 500 00 !
!
820. 000 00
820, 000 00
820,000 00
820,000 00 l,
5, 890, 250 00 5, 366, 600 00 5, 387, 250 00 4, 265, 800 00 I
14, 2;M, 802 28 14,462,710 71
15, 168, 258 85 14, 242, 734 53 |
15,051,528 07
15,031,685 56
19, 429, 625 12 18,846,711 33 |
2,511,448 65
2, :-177,141 76
2, 250, 676 35
2, 759, 1.21 81 i
10,201,213 16
10, 239, 912 91 10, 177, 498 67 !
10, 1150,445 50
930. 423 49
653.906 60
181 929 80
787, 432 42 I
1,348, 0 tO 68
1,358,394 08 ,
986, 305 71 !
1,31^859 67
2, 112,102 04
3, 571, 356 10
2, 597, 221 04 I
1,851, 091 91
1, 530, 000 00 1, 430, 000 00 1, 380, 000 00 !
38, 200, 796 88 51, 393, 979 41 77,451,807 67 j 55, 453, 777 33 j
2, 084, 458 00 : 1, 597, 918 00 !
1, 353, 898 00 2, 336, 784 00
39, .-93 74
48, 654 88
35, 823 21 j
41, 578 93 :
194, 783 90
90, 495, 356 48 96,500,023 87
96, 527, 065 25 91, 454,167 74
18, 002, 546 00 20,428,591 00
27,164, 671 00
16, 785, 620 00
8, 360, 000 00 5, 970, 000 00 8, 540, 000 00 6, 920, 000 00
1,078,613 87
757, 858 72
1, 483, 637 32
837, 654 52

i, no, ooo oo !

439, 292,149 82 457, 902, 849 26 501, 707, 358 03 479, 249,186 24

REPORT OF THE COMPTROLLER OF THE CURRENCY.

207

by States and reserve cities—Continued.
CONNE CTICUT .
DECEMBER 20.

Capital stock

MARCH 10.

MAY 6.

J U L Y 1.

|

OCTOBER 1.

88 banks.

Liabilities.

87 bank^.

87 banks.

84 banks.

;

84 banks.

; $26, 056, 820 00 ; $25, 856, 820 00 • $25, 671, 820 00 $24,921,820 00 ;

Surplu s fund
I 6, 840, 700 57
'5, 820, 373 78 , 6, 772, 236 28 6, 715, 073 30
Undivided profits....]
2,197, 911 07
! 673, 555 91 L 915, 264 11 1,257,521 42 :
,
Nat'l bank circulation! 16,176,757 00 i .1.5, 028, 602 00 16, 065, 952 00 15, 717, 275 00
State bank circulation!
38, 097 00
24, 558 00
24, 558 00
29, J 02 00 '
74, 302 04
Dividends unpaid. -..
57, 501 85
530, 766 38
75,749 19 ;
23, 4 .."0. 093 m :
individual deposits. - 20, 563, 251 07
282,245 31 : 22, 678,676 8!
I. 05, 428 33 25, 246, 464 78
'
TT. S. deposits
;
16,248 68
16,8.13 14 ' 281, 828 50
294, 990 68 •
Dep'ts IT. S.dis.officers
2, 539, 945 14 \
2, 315, 489 91 '
19, 076 00
10,804 45
Due to national banks
527, G91 65
702, 834 17 : 1, 843, 427 03
2, 729. 969 97
Dae to State banks...
179, 631 79 \
42, 896 51 ;
576, 265 98
639, 497 45
!S"otes re-discounted..
15, 000 00 j
27 ; 500 00 !
Bill a payable
36, 023 05
120,428 27 \
Total
75,504,30113- 76,863,630 800 77,342,688 1 5 ] 77, 170, K10 04
5, 000 1 ;

NEW
266 banks.
Capital stock

6,717,780 48
1, 738, 755 09
15, 932, 600 00
18,675 00

24,482,780 .Id
289, 431 76
20, 041} 2ij
1,967,596 49
653, 674 :i»
5,000 00
200, 000 00
77, 04 L 238 94

YORK.

266 banks.

j $35, 004,160 00

Surplus fund
Undivided profits
Nat'l bank circulation
Stole bank circulation^
Dividends unpaid

$24,921,820 00

; 265 banks.

i 266 banks.

267 banks.

$34, 714,160 00 i $34, 592, 260 00 | $34, 748, 357 00

$34, 819. 760 00

8, 814, 099 92
5, 348, 375 61

8, 729, 535 36
5, 790, 1 i)6 67

8,840,331 05
5,013,794 62

8, 926, 6"5 46
5, 614, 629 77

24, 128, 8J1 00
30, 626 00

9, 085, 597 21
6, 618, 687 27
24, 811, 412 00
30,626 00
50,552 35

24. 160, 380 00
30, 626 00

23, 876, 591 00
30, 624 00

23, 989, 591 00
30,623 00

71,280 80.

73, 639 66

344, 630 62

62,367 42

77, 430, 640 92
Individual deposits.. 74,592,081 38
558, 779 28
U. S. deposits
;
520, 918 41
84,618 60
Dep'ts U.S.dis.officersi
113,767 13 '

75, 775, 909 50
626,915 20
115,856 09

78, 059, 538 33
487,191 47
132,727 70

77,834,371 10
617,988 34
100, 964 49

2,489,612 30

2, 953, 653 94

Due to national banks;

3, 351, 953 74

2,917,491 49

3, 184,527 15

Due to State banks . .

1,071,444 87

890,930 14

871, 776 29

378, 776 43
466, 966 62
647,722 92 ;
131,051 51
114, 121 98
274, 986 01
! 156 173, 909 29 • 155, 482, 712 17 '. 154, 549, 646 05

]NFotes re-discounted..
Bills payable
Total

CITY
44 banks.
Capital stock . -

;

1,207,402 0:j

494, 716 06
360, 922 45

315, 104 44
155,1307 88

155, 785, 818 63

156, 628, 718 84

OF NEW" YORK.
44 banks.

44 banks.

; $46,250,000 00 j $46, 250, 000 00

Surplus fund
; 22,582,580 09 '' 22, 430, 264
10,088,278
Undivided profits
, 12,138,436 21
Nrat'l bank circulation 11,897,617 00 : 11, 090, 992
32, 857
State bank circulation
32, 870 00 :
Dividends unpaid
250,545 15

45 banks.

44 banks.

$10, 250, 000 00 ' $46, 522, 500 00

18
01

22,304,264 IS •• 22, 435, 654 65
\
10,601,375 32 ;; 9,240,280 34

00
00

10, 961, 242 00 j
32,857 00 j
217, 479 91

584 42 ; 189 906, 139 4'd 210, 066. 56H 64
Individual deposits. - - 201
25, 933^ 755 47
Certified cheeks
25 356, 371 94 1 19, O:jfi, 368 62

U. S. deposits
Dep'ts U.S.dis. officers

906,782 08 ;

9, 952, 392 00 •
32, 850 00 i

$45, 350, 000 00
22.170,007 68
10,487, 170 OB
9, 917, 4 4 " ()')
: ; ] . 195 o>i

1, 039, 830 58
247, 364, 935
28, 592, 960
423, 465
36,113

53 ; 226, 925, 999 i"C
23, 5GH, 555
74 ;
420, 181
48 ;
47, 162 50
74

413, 080 04
240, 347 49

414. 002 76
211, 444 80

425. 581 04
180, 892 46

Due to national banks

92, 017 C26 63

104 981, 214 80

98, 761,129 95

99, 927,104 70

105 687, €03 50

Due to State banks. -.

30 674 133 51

34, 096, 072 30

32,167, 703 29

36,139,270 27

34 199,239 26

Notes re-discounted..
Bills payable
:
Total

W5 4?0 00
443 488 192 48 • 439, 292, 149 82




457, 902, 849 26

501, 707, 358 03 1 479 249, 186 24

208

REPORT

OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30,1884, arranged
CITY

OF

ALBANY.
MAY 6.

MARCH 10.
--—
6 banks.

6 banks.

$7,213,719 74
Loans and discounts, j $7,132, 027 08
1,218,000 00
Bonds torcirculation.! 1,518,000 00
100, 000 00
100, 000 00
Bonds tor deposits ..
3 0 00 •
100 00
V. 8. bonds on band..
313, 006 15 i
364,105 00
Other stocks and b'ds
1, 870, 384 08
Due. fromres've ag'ts : 1,819,963 42
747,804 54 i
789, 534 60
Due from nat'lbanks.:
126, 8>'5 21
91,594 35
Due from State banks
321,256 45
275, 5C0 00
Real estate. &c

$7,613,299
1,318,000
100, 000
100
421, 650
2,630,711
989, 597
82, 275
281, 500

96
00
00
00
00
74
30
68
00

DECEMBER 20. i

Resources.
7 banks.

Premiums paid
Cash items
i
ClearV-house exch'gs;
Bills of other banks..
Fractional currency -;
Trade, dollars
Specie
Legal-tender notes...
TJ. S. cert's of deposit.
Due from U. S. Treas.:
Total

!

6 banks.

$7, 402, 069 i s !
1, 418, 000 00
100, 000 00
100 00
491,665 00
2, 543, 539 47
1, 034, 858 64
:
34, 891 55
,
281, 500 00

$7,130, 411 94
1,418,000 00
100, 000 00
100,100 00
479,175 00
1, 994, 665 68
1,056,328 06
68, 280 77
281,500 00

'

,
!

60, 290
77, 982
102. 092
152,478
1, 564

00
72
95
00
20

88, 022
98, 5<S5
141,331
120,503
828

00
64
87
00
53

90, 290
55, 245
216, 682
141,160
1,372

00
98
60
00
81

682, 323
220, 308
310, 0i)0
71,047

8"
00
00
47

816,902
149, 860
310,000
66, 040

80
00
00
27

817,997
170, 860
310,000
63, 842

50
00
00
47

869,
205,
310,
65,

50
00
00
50

13, 731,109 25

;

13,672,149 31

1 278 893 53
1,080,780 00
20, 000 00
422, 908 00
57, 252, 841 97

15, 255,195 69

410
960
000
907

15, 262, 653 23

89, 790
67, 904
135, 967
137, 311
1,352
600
922, 869
189, 460
310, 000
75, 393

00
78
65
00
77
00
50
00
00
70

14, 559,110 85

J E RSE Y.
70 b a n k s

70 banks.

72 b a n k s .

$29, 438, 576 64
9, 286, 850 00
250, 000 00
775, 250 00
2, 090,145 29
6, 222, 966 23
1,164,549 69
192,979 74
1, 592, 541 16
198, 174 46
385, 527 29
644, 129 26

$29,189,183 07
9, 286, 850 00
250, 000 00
788, 850 00
2,681,185 16
6, 779, 312 60
1, 082, 288 30
206, 933 93
1, 587,192 33
92, 570 69
382, 225 18
805, 375 10

$29, 365, 001 57
9, 326, 850 00
250, 000 00
912, 350 00
3, 000, 237 61
8, 273, 007 32
1, 343, 336 36
171,471 33
1, 602, 887 57
179, 542 08
391,160 62
1,041 367 91

514,084 00
16, 536 67

469, 409 00
15, 569 37

1 553 6330°
56
00
1, 823, 708 00
00 '
10,000 00
00
424, 167 40
I
57,189,819 75
57, 188,871 78

1 6 9 9 861OS
1, 689', 259 00
10,000 00
449,668 00

457, 065 00
18, 446 80
60 163
1 979 70170
1,902,131 00
10, 000 00
448, 923 00

57, 395, 732 81

60, 733, 643 07

225 b a n k s .

i 228 b a n k s .
!
.!
i $65,500,467 02
! 26, 629, 200 00
480, 000 00
1, 324, 900 00
8, 587, 495 51
10, 738, 628 28
i 3,032,810 77
i 1, 054, 005 67
;
3,570,021 78
500, 004 81
!
1, 003, 070 92
;
684 982 15
l
19,922
i
1, 378, 51)6 00
i
46,337 43
i
562 351 91
I 4, 535, 975 49
!
3,106, 647 00
10, 000 00
1, 275, 649 83

70 b a n k s

$29,107, 233 36 $28, 236, 623 24
9, 286, 850 00 i
9, 286, 850 00
250, 000 00
250, 000 00
372, 050 00 !
913,700 00
2, 554, 686 10
2, 707, 439 28
!
7, 276, 854 32
7, 207, 914 65
1, 324, 982 33 ,
1, 141, 370 06
180,387 13 :
159, 604 59
1, 594, 951 74
1.585,651 72
275, 368 51
101,213 37
318, 059 54
424, 593 39
808 035 91
738 982 57
441, 477 00
18, 198 17

—

6 banks.

00
33
48
00
30

70 b a n k s .

Total

—

22, 500
48, 718
137,804
150,528
1,370

NEW

Loans and discounts j
Bonds for circulation.'
Bonds for deposits...
U. S. bonds on hand..
Other stocks and b'ds
Due from res' ve ag'ts s
Due from nat'l banks j
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fra e tion a 1 c urre ncy
Trade dollars
Specie
Legal-tender notes ..
TJ. S. cert's of deposit.
Due from U.S. Treas.

OCTOBER 1

JULY 1.

463, 364 00
17, 030 68
1 454 955
1,833,971
20, 000
420, 008

P E N N B Y L V A NI A .
224 banks-

223 banks

224 b a n k s .

Loans and discounts. $00, 378, 981 51 $04, 650, 467 72 $05, 578, ^64 59
20,717, 100 00
20,649,200 00
Bonds for circulation. 20,784, (i00 00
480,000 00
4H). 000 00
480, 000 00
.Bonds for deposits...
l,09.i, 100 (0
8lit, 700 00
1,121,450 00
U. S. bonds on hand..
8,510, 30ij 03
8,873, 95S 96
8, 4(50, 46!) 06
Other stocks and b'ds
9, 055, [)73 78
10. 810, ::84 79
10, 436, 767 08
Due from res've air'ts
2,010, 473 62
2, HO;), 275 71 : 2,257,317 60
D.vte from nat'l banks
8U2, 528 00
1, 083, M8 92
909. (509 15
Di;e from State banks
3, 468, 758 10
.3, -181, 2S0 39
3, 541. 798 16
Real estate, <c
fc
35fi, 073
571,888 72
483, 732 40
Current expenses
1,007,979 65
1,0(1,489 29
1,012,970 8:5
Promiums paid
747, 973 03
02'> 887 80
679 800 35
Cauh items
76,991 52
19, 514 91
40,814 90
Clear "ir-liouse exch'g3
954, 147 00
982, 090 00
1,314,915 00
Bills of other banks..
50, -J05 20
42, 262 49
54, 814 54
Fractional currency.
Trade dollars
4 983 119 1°
4 187 7'>7 99
4 4 9 6 (80 48 !
Specie
2, 737, 575 00
2, 535. 385 00
Legal-tender notes ..
3, 079, 506 00
10,000 00
10, 000 00
10, 000 00
U. S. cert's of deposit.
1,176, 447 07
1, 204, 307 50 ,
1,197,185 94
Due from U. S. Treas
Total

129, 981, 798 22




130, 773, 437 39

132, 354, 902 31

$34, 953, 905 35
26, 599, 200 00
480, 000 00
1, 183, 100 D
O
8.071,464 05
9, 642, 133 23
2,721,787 84
1,163,844 51
3, 548, 389 04
281, 493 20
1,024,835 71
I
848 057 65
i
27, 126
i 1, 317, 724 00
52, 652 67

S

4 828 '-01 64
2, 906, 356 00
10, 000 00
1,149, 213 39
131, 409,484 56

134,107,127 39

REPORT OF THE COMPTROLLER OF THE CURRENCY. 209
by States and reserve cities— -Continued.
C I T Y OF ALBANY.
DECEMBER 20.

MARCH 10

MAY 6.

JULY 1.

OCTOBER 1

Liabilities.
7 banks.

6 banks.

6 banks.

6 banks.

$1, 800, 000 00

$1, 750, 000 00

$1, 750, 000 00

$1, 750, 000 00

$1, 750, 000 00

Surplus fund
Undivided profits

1, 400, 000 00
377, 967 65

1,150, 000 00
268, 922 23

1,150, 000 00
234, 550 34

1,150, 000 00
227, 785 48

1,175, (00 00
205, 058 46

Nat'l bank circulation
State bank circulation

1, 336, 690 00

1,006,190 00

1,122, 330 00

1,184, 330 00

1,249,790 00

Capital stock

Dividends unpaid

6 banks.

499 00

397 94

2,553 00

9,951 50

8,958 00

Individual deposits ..
U. S. deposits
Dep'tsU.S.dis.officers

5, 571, 415 50
61, 887 26
16,184 24

5, 985, 343
80,401 10
5,011 22

7, 637, 978 87
99, 990 40
1,519 22

7. 984, 454 75
79,115 08
654 61

7, 097, 824 43
82, 906 63
1,147 52

Due to national banks

2, 515, 868 19

2, 824, 182 71

2, 666, 315 75

2,169, 098 83

2, 365, 764 85

Due to State banks ..

650, 597 41

601, 700 39

589, 958 11

707, 262 98

622, 600 96

13, 731,109 25

13, 672,149 31

15, 255,195 69

15, 262, 653 23

14, 5.39,110 85

Notes re-discounted
Bills payable
Total

NEW

JERSEY.
72 b a n k s .

70 b a n k s

70 b a n k s

70 b a n k s .

70 b a n k s .

$12 103 350 00

$12 103 350 00

$12,103, 350 00

$12 103 350 00

$12, 208, 200 00

Surplus fund
Undivided profits

3, 738, 069 26
2, 068,153 91

3, 761, 638 91
1, 720, 968 05

3, 751, 397 63
1, 873, 278 62

3, 804, 353 86
1, 587, 593 13

3, 799, 944 97
1, 820, 748 66

Nat'l bank circulation
State bank circulation

8, 229,171 00
8,450 00

8, 213, 221 00
8, 450 00

8, 228, 171 00
8,396 00

8, 042, 886 00
8,396 00

8, 007, 406 00
8,396 00

Capital stock

Dividends unpaid

32, 302 04

55,153 50

49, 817 56

269, 627 50

87, 982 92

Individual deposits..
X S. deposits
L
Dep'ts U.S.dis.officers
Due to national banks

28, 720, 619 16
178, 306 96
16, 706 37

28,885,845 24
165, 708 09
29, 862 01

28,614,228 76
178, 333 39
41,742 29

29,176. 693 67
164, 529 84
24, 547 89

32, 501, 421 62
166, 974 18
28, 347 48

1, 802, 502 40

1, 938, 417 07

1, 895, 827 36

1, 908, 242 88

1, 797,166 11

Due to State banks...

• 275, 910 87

224, 957 91

287, 102 25

254, 387 04

300, 755 13

Notes re-discounted..
Bills payable

3,000 00
76, 300 00

25, 000 00
56, 300 00

81,874 89
76, 300 00

29, 825 00
21, 300 00

6,300 00

57, 252, 841 97

57,188, 871 78

57,189, 819 75

57, 395, 732 81

60, 733, 643 07

Total

PENNSYLVANIA.
228 banks.

224 b a n k s
Capital st<><k
S n i»lus fund
Undivided profits
N a t ' l b a n k circulation

State bank circulation

223 banks .

22 4 b a n k s

225 b a n k s

$32, 084, 840 00

$32, 050, 340 00

$32, 150. 340 00

$32, 270, 340 00

$32, 665, 340 00

9, 938, 413 09
3,140,118 18

9, 867, 960 87
3,178, 037 04

9, 970, 768 91
3, 130, 705 26

10,089,212 91
2, 824, 083 54

10, 067, 362 42
3, 479, 814 49

23, 697, 930 00
28,317 00

23, 563, 307 00
1«, 296 00

23, 522, 007 00
9,079 00

23, 255, 802 00
9,079 00

23, 401, 460 00
9,079 00

Dividends unpaid

175, 670 09

158, 682 09

432, 814 94

313, 508 24

166, 916 54

Individual deposits...
XT. S. deposits .
Dep'tsU.S.dis.officers
Due to national banks

56, 907, 478 74
362, 516 62
15, 707 36

58, 453, 050 20
368, 815 64
8,548 76

59, 792, 797 96
435, 466 06
14, 027 46

60, 205, 543 98
377, 260 59
12, 002 48

61, 821, 734 86
403, 400 43
12, 250 73

2, 509, 474 88

2, 218, 605 41

2, 139, 813 28

1, 445, 024 92

1, 570, 363 02

Due to State banks ..

357, 442 01

324, 058 67

314, 961 72

229, 577 85

212, 867 18

Notes re-discounted..
Bills pavable

525, 399 97
248, 490 28

451, 245 43
112,490 28

398, 675 27
43, 445 45

345, 558 77
32, 490 28

270, 048 44
26, 490 28

129, 981, 798 22

130, 773, 437 39

132, 354, 902 31

131, 409, 484 56

134,107,127 39

Total


5745 CUR

-14

210

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
CITY OF PHILADELPHIA.
DECEMBER 20.

Resources.

MARCH 10.

MAY 6.

JULY 1.

OCTOBER 1.

33 banks.

33 banks.

33 banks.

33 banks.

34 b a n k s .

Loans and discounts $60, 443, 482 53 $62, 075, 220 63 $61,209,044 83 $62, 993, 900 08 $67, 351, 229 73
9, 327, 800 00
9, 427, 800 00
9, 427, 800 00
9,327,800 00
Bonds for circulation. 9, 427, 800 00
300, 000 00
300,000 00
300, 000 00
300, 000 00
300,000 00
Bonds for deposits ..
248,100 00
148,100 00
148,100 00
148,100 00
298,100 00
U. S. bonds on hand..
4, 374, 499 59
4, 578, 698 84
4, 295, 046 24
Other stocks and b'ds 4, 333, 993 85 4, 288,195 79
6, 604,155 71
6,104, 202 98
6, 942, 984 00
7, 494, 063 01
Due from res've ag'ts 6,049,861 57
5, 855, 981 93
4, 628, 277 60
5, 681, 881 85
Due from nat'l banks. 4, 816, 942 72 4,410,475 70
941, 365 33
925, 830 64
984, 643 24
1, 010, 324 82
1, 221, 724 28
Due from State banks
2, 809, 015 49
2, 769, 910 61
2, 807, 797 15
2, 787, 912 65
2, 820, 894 67
Heal estate, &c
285, 616 45
213, 798 08
488,323 62
92,138 79
533, 762 26
Current expenses
214,360 59
216, 718 44
208, 472 10
201,442 10
252, 384 25
Premiums paid
754, 615 91
514,382 84
395, 394 34
460,032 67
681,040 35
Cash items
8,186, 845 09
Clear'g-house exch'gs 5, 339, 723 84 6, 241, 034 16 5, 298, 511 55 10, 468, 009 82
745,618 00
645, 754 00
705, 723 00
977, 909 00
702, 533 00
Bills of other banks..
19, 611 27
24,159 86
25, 473 05
18, 308 19
28, 067 08
Fractional currency.
250,165 00
Trade dollars
11, 361, 091 75
Specie
8,055,463 00
i6, 205, 812 79 10, 870, 262 51 11,364,871 70
4, 234, 351 00
Legal-tender notes .. 3, 946, 475 00
3, 496, 773 00
3, 765, 546 00
4,187, 944 00
5, 335, 000 00
TJ. S. cert's of deposit
5, 815, 000 00
7, 230, 000 00
6, 280, 000 00
6, 240, 000 00
479,124 50
Due fromU. S. Treas.
465,040 71
4BI, 650 50
481,932 50
493, 916 50
Total

114, 452, 437 69 120, 025, 092 05 119, 479, 226 05 128, 229, 382 37

130, 835,104 06

CITY OF PITTSBURGH.
23 b a n k s .

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
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit
Due from U.S.Treas.
Total

23 b a n k s .

23 banks.

23 b a n k s .

23 b a n k s .

$25, 720, 804 65 $25, 370,191 95 $25,505,311 12 $25, 765, 926 65 $24, 871,131 54
7, 080, 500 00
7, 080, 500 00
7, 080, 500 00
7, 080, 500 00
7, 080, 500 00
250, 000 00
250, 000 00
250, 000 00
i!50, 000 00
250, 000 00
101.100 00
103, 450 00
104,700 00
151, 600 00
150, ;>50 00
1, 042, 347 71
1,011,768 04
436, 629 66
438, 355 13
463,170 68
2, 046, 500 82
2, 323,115 36
1, 805, 357 95
1, 789,070 44
2,310, 626 11
882, 523 74
878, 719 60
782,106 07
667, 201 75
1, 215, 728 19
302, 433 15
160, 796 81
246, 338 00
179, 307 11
239,179 72
1, 410, 992 31
1, 432, 485 76
1, 441, 431 24
1,451,804 30
1, 469,407 98
144, 326 19
148, 921 23
125, 033 91
42,436 21
161, 646 03
74, 514 88
73, 370 47
73,449 38
81, 319 26
84, 503 38
181, 153 44
147, 448 79
159, 672 69
213, 392 37
187, 859 68
1,115, 573 17
770, 866 51
937, 848 01
1, 249, 998 73
859, 811 44
374,325 00
456,580 00
601, 258 00
302, 013 00
564, 218 00
12, 420 58
15, 758 74
14, 595 56
13, 354 62
11,126 46
11, 881 00
2, 295, 591 64
2, 053, 895 52
2, 049, 590 05
2,163, 369 95
2,122, 272 77
2,167, 824 00
1, 962, 349 00
2, 500, 034 00
1, 988, 760 00
2,012,687 00
346, 080 41
45,123, 946 10

329,496 14
44, 569, 713 92

331,291 14
44, 558, 926 68

343, 735 95
44,154, 975 29

328, 530 00
44, 723, 285 85

DELAWARE.
Resources.

15 banks.

15 b a n k s .

15 banks.

15 banks.

15 b a n k s .

Loans and discounts $3, 918, 072 90 $3, 919, 311 37 $3, 938, 850 80 $3, 850, 314 40 $3, 906, 837 13
1, 763, 200 00
1, 763, 200 00
1, 763, 200 00
Bonds for circulation. 1,763,200 00
i, 768, 200 00
60, 000 00
60,000 00
60, 000 00
60, 000 00
Bonds for deposits ..
-60, 000 00
3,000 00
3,000 00
3,000 00
3,000 00
TJ. S. bonds on hand..
3, 000 00
232, 382 91
285, 974 95
290, 307 40
230, 907 91
Other stocks and b'ds
262, 307 40
779, 228 47
648, 660 97
668, 505 47
806,173 93
Due from res've ag'ts.
1,179, 851 39
132,229 54
164, 523 71
158, 388 63
158, 936 01
Due from nat'l banks
248, 049 09
58, 752 74
62, 203 34
53, 614 42
46, 533 64
Due from State banks
55, 807 93
199,881 92
199,947 51
208, 317 13
199, 070 00
Real estate, &c
218,135 09
15, 995 03
22,971 26
22, 723 68
27, 755 98
Current expenses
33, 871 57
108, 309 55
106, 284 55
105, 334 55
115, 005 71
Premiums paid
104, 545 80
70, 984 31
73, 548 18
91, 869 79
63, 862 45
Cash items
74, 465 59
Clear'g-house exch'gs
Bills of other banks..
i09, 704 66
102, 971 00
94, 386 00
98, 595 00
114,189 00
Fractional currency.
2, 833 72
3, 334 51
2, 308 45
3, 665 31
3, 526 11
Trade dollars ..
24, 436 75
225, 295 75
187. 404 07
222,120 87
240, 954 30
Specie
204, 560 49
159, 456 00
108, 253 00
161, 837 00
Legal-tender notes ..
182, 640 00
173,331 00
20, 000 00
20, 000 00
20, 000 00
TJ. S. cert's of deposit
20, 000 00
20,000 00
80, 892 50
79, 263 33
84,492 50
Due from TJ. S. Treas.
91, 092 50
89, 292 50
Total
7, 952, 718 38



7, 926,139 81

7, 930, 654 15

7, 910, 722 58

8, 546, 206 84

REPORT OF THE COMPTROLLER OF THE CURRENCY.

211

ly States and reserve cities—Continued.
CITY OF PHILADELPHIA.
DECEMBER 20.

Capital stock

MARCH 10

MAY 6.

JULY 1.

OCTOBER 1.

33 b a n k s

33 banks

33 banks.

33 banks.

34 banks.

$18, 058, 000 00

Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

$18, 058, 000

00

$18, 058, 000

00

$18, 058, 000 00

$18, 275 250 0ft

9, 353, 303 08
1, 746, 695 52

9, 388, 303 08
2, 079. 623 30

9, 381, 803 08
1, 392, 678 68

9, 381, 803 08
1, 772, 539 39

9, 401, 803 08
2, 280, 684 44

8,315,020 00

8, 034, 000 00

8, 049, 390 00

7, 746, 090 00

7, 797, 648 oa

58, 457 56

42, 614 81

472, 306 21

57, 001 46

42, 440 06

Individual deposits.. 63, 304, 343 03
229, 424 07
XT. S. deposits
Dep'ts U S dis officers

65, 572, 832 17
236,433 82

66,130, 388 53
226, 266 00

74, 014, 361 98
225, 837 19

74, 830, 558 33
239, 952 55

Due to national banks 10, 663, 586 25

13,137, 264 49

12, 669, 769 88

13,366,688 34

14, 312, 281 48

2, 723, 608 18

3, 466, 020 38

3, 088, 623 67

3, 607, 060 93

3, 654, 186 12

10, 000 00

10, 000 00

114, 452, 437 69

Due to State banks...

120, 025, 092 05

119, 479, 226 05

128, 229, 382 37

130, 835,104 06

Notes re-discounted
Bills payable
Total

CITY OF PITTSBURGH.
23 b a n k s

Dividends unpaid

23 banks.

23 banks

$10,150,000 00

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation

23 banks.
$10,150, 000 00

$10,150, 000 00

$10,150, 000 00

$10,150,000 00

3, 434, 375 91
978, 279 86

3, 501, 813 75
853, 927 79

3, 516, 813 75
883, 688 62

3, 538,106 84
694, 594 46

3, 538,106 84
977,101 04

6, 296, 950 00

6, 240,195 00

6, 245, 660 00

6, 257, 295 00

6, 289,780 00

23 banks.

58, 564 75

53, 629 75

151, 509 25

236, 716 50

92,129 50

Individual deposits .. 20, 660, 439 88
178, 497 19
IT. S. deposits
74, 735 50
Dep'ts U.S.dis.oflicers

20, 319, 784 94
199, 455 79
48,138 87

20, 335, 534 69
151, 655 87
103, 802 37

20, 025, 037 97
213, 011 90
45, 503 21

19, 981, 344 30
162, 266 71
106, 214 93

D u e to national banks

2, 008, 627

99

1, 988,167 47

1, 876, 556 49

1, 709, 007 94

, 2,182, 686 37

D u e to State b a n k s . . .

1, 050, 880 67

1,146,482 88

1, 111, 382 13

1, 275, 747 95

1, 223, 656 16

Notes re-discounted..
Bills payable

232, 594 35

68,117 68

32, 323 51

9, 953 52

20, 000 00

45,123, 946 10

44,569,713 92

44, 558, 926 68

44,154, 975 29

44, 723, 285 85

Total

..

DELAWARE.
Liabilities.
Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation

15 banks.

15 banks.

15 b a n k s

$1 823 985 00

fsi 823 985 00

$1, 823, 985 00

$1, 823, 985 00

$1, 823, 985 00

647, 540 00
248,187 35

670, 000 00
185, 884 19

675. 000 00
206, 522 50

677, 000 00
225, 833 83

68^,905 00
207, Gil 20

1, 574, 309 00
624 00

1 561,949 00

1, 564,199 00
624 00

1, 557, 759 00
624 00

1, 551, 029 .00
624 00

15 b a n k s

624 00

15 banks.

Dividends unpaid....

7,207 70

11, 455 96

11,216 39

21, 233 49

9, 998 26

Individual deposits. .
U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks

3, 240, 856 01
45, 858 30
2,038 57

3 284, 567 70

46, C O 84
O
1,292 87

3, 285, 879 61
55, 361
2,142 36

3, 328, 323 64
41,873 9a
2,178 37

3, 986, 802 91
61, 769 15
2,109 90

333, 264 69

299, 321 04

266, 723 06

144, 770 03

200,176 08

13, 847 76

23,174 21

6,374 26

7,944 91

17, 584 34

17, 285 00

32, 626 85

42,1" 6 36
37, 000 00

612 00

7 926,139 81.

7, 930, 654 15

7, 91.0, 722 58

8, 546, 206 84

Due to State banks..
JJTotes re-discounted
Bills payable

15, 000 00

7, 952, 718 38
Tetal



"212

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
MARYLAND.
DECEMBER 20.

Resources.
Loans and discounts.
Bonds for circulation
TJ. S. bonds on hand..
Other stocks and b'ds
Due fro in res'veag'ts.
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
TJ. 3. cert's of deposit.
Due from U.S. Treas.
Total

27 banks.

MARCH 10.
27 banks.

JULY 1.

MAY 6.

27 b a n k s .

27 banks.

$5, 991, 024 44
2, 499, 000 00

$5, 625, 244 51
2,479,000 00

167,450 00
438, 019 22
801, 547 24
371,998 42
49,184 59
280,880 14
58, 477 89
107, 786 13
39, 701 36

140,850 00
433, 368 95
721, 286 54
378, 649 23
48, 844 68
280, 084 57
39,412 96
104,903 19
40,098 10

48, 423 00
3,432 88
293, 028 62
305, 250 00

OCTOBER 1.
27 banks.

$5, 664, 090 49
2, 479, 000 00

$5, 738, 577 08
2, 479, 000 00

00
39
60
32
28
53
31
44
76

141,150 00
455, 726 25
526, 607 17
357,455 13
35, 800 68
274, 837 43
14,638 74
102, 036 41
69, 320 96

215,450 00
516, 730 75
1,043,054 94
455, 047 21
75, 831 32
269,767 43
54, 337 88
113, 709 20

58, 667 00
3, 848 48

91, 242 00
4,185 45

84, 601 00
4, 094 41

315, 597 82
368, 826 00

334, 689 07
412, 018 00

318, 035 76
304, 822 00

97,180 00
4, 048 13
11,133 34
353, 721 37
400, 625 00

109, 703 38

100,892 50

11, 565, 507 31

11,139, 574 53

$5, 612, 412 51
2, 479, 000 00
140, 650
445, 584
582, 799
360, 875
39, 092
267, 628
53, 578
105, 157
53, 671

112, 890 00

103,190 75
11, 085, 775 41

10, 945,106 43

57, 036 12 I

102,142 50
11, 987, 392 27

CITY OF BALTIMORE.
17 banks

17 banks

17 banks.

17 b a n k s

Loans and discounts. $24, 808, 695 06
6, 212, 000 00
Bonds for circulation
200, 000 00
Bonds for deposits ..
U S bonds on hand
68, 773 48
Other stocks and b'ds
2,185, 818 04
Due from res' veag'ts
1,108, 558 68
Due from nat'lbanks

$25, 393, 279 78
6,167, 500 00
200, 000 00

$24, 268, 354 02
6,167, 500 00
200,000 00

270, 948 27
784, 289 25
168, 517 08
59, 611 25
70, 819 75
1, 297, 551 83
455, 001 00
6, 262 19

81, 569
1,455,213
1,312,046
133, 292
779, 847
96, 452
57, 950
50, 550
1,211,778
577,155
6,930

71
15
54
22
47
70
00
71
57
00
84

312, 016 24
1, 605, 942 21
1,142, 275 81
] 60, 529 76
779, 660 27
151,702 47
57, 950 00
59,124 61
1,313,793 32
667, 978 00
6,564 64

$24, 409, 481 34
6, 067, 500 00
200, 000 00
75 000 00
771, 452 14
1, 691,159 89
1, 487, 250 55
142, 735 68
779, 413 55
31, 609 21
58, 278 13
102, 854 18
3, 021, 443 73
622, 399 00
6,124 69

1 026 763 SO
1. 760, 680 00
1, 510, 000 00
303, 507 50

1, 312, 955 19
1, 720, 061 00
2, 585, 000 00
300, 530 00

1 660 063 63
1, 691, 843 00
2, 965, 000 00
308, 530 00

1 852 530 97
1, 300, 655 00
3, 760, 000 00
283, 830 00

$25, 803, 638 28
6, 067, 500 00
200, 000 00
75 000 00
770, 423 04
1, 685, 282 05
1, 222, 511 30
151, 816 42
777, 972 59
151,167 09
58, 278 13
97, 746 93
1, 972, 626 21
291, 796 00
6,926 96
88 182 00
2 042 624 4*>
1, 442, 363 00
2, 285, 000 00
323, 630 00

42, 297, 796 68

43,444,112 81

43, 518 827 98

46, 663, 718 06

45,514,484 45

17 banks.

Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Cl^ar'g-house exch'gs
Bills of other b a n k s . .
F ractional currency
Trade dollars
Specie
Legal-tender notes . .
U. S. cert's of deposit
Due fromU. S. Treas
Total

DISTRICT OF COLUMBIA.
1 bank.

Loans and discounts
Bonds fo r c Lrculat ion.
Bonds for deposits...
TJ. S. bonds on hand..
Other stocks and b'ds
Due from res' ve ag'ts
Due from nat'l banks.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Billri of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
TJ. S. certV of deposit
Duo from IT. S. Treas

1 bank.

1 bank.

1 bank.

1 bank.

$275, 365 94
250, 000 00

$231, 664 17
250, 000 00

$249, 092 26
250, 000 00

$274,633 85
250, 000 00

$322, 987 88
250, 000 00

151,200 00
155, 930 00
85, 800 35
10, 994 33
1,591 11
20,000 00
5. 647 54
35.919 10
3,310 00

151,200 00
162, 930 00
140, 946 34
19, 253 34
6, 983 85
20,000 00
2, 373 42
32, 380 93
5,160 00

151, 200 00
162, 930 00
165, 410 03
8, 794 05
679 06
20,000 00
4, 568 00
32, 380 93
3,811 00

12, 253 00
21 14

13, 934 00
31 26

112, 908 00
50, 4U0 00

138, 799 50
SO, 500 00

20, 000 00
34 10
29, 480 93
15,182 00

151,200 00
170, 930 00
153, 480 88
6, 636 91
1, 949 59
20, 000 00
3, 402 38
29, 993 43
8,851 02

19, 003 66
8 55

9,952 66
8 19

5,639 00
5 69

120, 610 00
113, 000 00

111, 234 00
68, 780 00

114, 418 00
85, 500 00

11, 250 00

11, 250 00

11,250 00

Total
1,182, 590 51



1, 267, 406 81

1, 312, 736 88

151, 200
162, 930
162, 628
7, 223

00
00
43
22

11,250 00
1, 274, 536 72

11, 250 00
1, 336, 244 78

REPORT OF THE COMPTROLLER OF THE CURRENCY. 213
by States and reserve cities—GontiDued.
M ARYL A ND.
DECEMBER 20.

Liabilities

MAUCH 10.

MAY 6.

JULY 1.

OCTOBER 1.

27 b a n k s .

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid
Individual deposits..

27 b a n k s .

27 b a n k s .

$2, 711, 700 00

$2, 691, 700 00

$2, 709, 090 00

$2, 709, 090 00

$2, 716, 700 00

784, 579 86
377, 005 22

780, 521 32
290, 901 95

780, 521 32
334, 841 60

838, 696 32
178, 311 27

841, 766 51
254, 045 82

2,166,183 00

2,119, 517 00

2,143, 702 00

2,199, 909 00
26, 607 48
5,124, 242 30

2,168, 413 00

27 b a n k s

27 b a n k s .

21, 826 45

13, 450 70

51, 206 70

30, 270 06

4, 902, 972 95

4, 811, 566 10

4, 796, 647 06

5, 744,199 08

Dept's U.S.dis. officers
Due to national banks

215, 228 08

169, 941 11

190,562 39

150, 696 15

215, 514 05

Due to State banks...

36, 836 57

34, 956 96

29, 065 92

36, 485 65

36, 022 43

Notes re-discounted..
Bills payable

89, 398 80

78, 340 79

50, 494 38

64, 456 28

5,172 32

11, 565, 507 31

11,139, 574 53

11,085,775 41

10, 945,106 43

11, 987, 392 27

Total

CITY OP BALTIMORE.
17 b a n k s

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

17 b a n k s

17 b a n k s .

17 b a n k s .

17 b a n k s .

$11, 713, 260 00

$11,713, 260 00

$11,713, 260 00

$11 713, 260 00

3, 012, 300
1, 605, 400 39

on

3, 086, 710 00
1, 294, 662 77

3, 091, 710 00
1, 489, 389 14

3,136 500 00
928,116 92

3, 136, 500 00
1, 305, 340 66

5, 255,141 00
20, 852 00

5,169, 731 00
20, 851 00

5,122, 590 00
20, 849 00

4, 808, 540 00
20, S4tJ 00

4, 756, 490 00
20, 802 00

$11, 713,260 00

46, 636 71

54, 251 59

43, 343 03

317, 616 62

54, 672 64

Individual deposits..
TJ. S. deposits
Dep'ts U.S.dis. officers
Due to national banks

17, 607, 262 64
112, 730 84

18, 374, 491 13
111 618 SO

18, 735,146 83
113, 738 48

22, 084, 581 29
107, 323 %

20, 885, 522 82
104, 572 D]

2 517, 603 04

3,160,939 66

2, 762, 812 23

2, 974, 797 81

3, 029, 262 01

Due to State banks...

406, 610 06

457, 597 36

425, 987 27

572,132 46

508, 062 31

42 297, 790 68

43, 444,112 81

43, 518, 827 98

46,663,718 06

45 514, 484 45

N o t e s re-discounted
Bills payable
Total

DISTRICT O COLUMBIA.
F
1 bank.

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

1 bank.

1 bank.

1 bank.

$252, 000 00

$252, 000 00

$252, 000 00

$252, 000 00

$252, 000 00

60, 000 00
53,941 82

60, 000 00
44,189 31

60, 000 00
53,186 97

197,100 00

188, 700 00

60, 000 00
57, 425 09

60, 000 00
47, 450 35

225, 000 00

214, 400 00

3,692 00

208,400 00

1 bank.

3, 960 00

8,120 00

4, 640 00

676,123 94

720, 396 19

690,194 81

776,518 17

8, 445 05

12, 275 47

12, 990 70

1.7, 835 78

1, 049 07

1, 272 07

241 05

1, 048 17

5,096 82

150 57

1, 267, 406 81

1, 312, 736 88

1, 274, 536 72

L, 336, 244 78

Individual deposits ..
U. S. deposits
Dep'ts U S dis officers
Due to national banks

574, 756 30

Due to State banks...

Notes re-discounted
Bills payable
Total
1,182, 590



51

4, 916 00

214

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
CITY OF WASHINGTON.
DECEMBER 20.

Resources.
Loans and discounts
Bonds for circulation
Bonds for deposits ..
U. S. bonds on hand..
Other stocks and b'ds
Due froin res've ag'ts
Due from nat'l banks.
Due from State banks
Eeal estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit.
Due from U. S. Treas.
Total

5 banks.

5 banks.

$2,104, Oil 61
730,000 00
100, 000 00
159,100 00
180, 806 83
221, 064 30
154, 819 33
6, 754 92
402, 638 78
41, 720 00
37, 426 85
98, 823 27
32,143 00
5, 981 37
325,
288,
30,
41,

503
920
000
500

MAY 6.

MARCH 10.

75
00
00
00

4, 961, 214 01

$2,056,812
730, 000
100, 000
182, 550
197, 915
284, 872
184, 352
9, 376
366, 648
17, 618
41, 016
130, 309

5 banks.
90
00
00
00
85
28
01
69
03
10
74
58

53,442 00
5, 861 24
517,
416,
200,
31,

308
068
000
500

JULY 1.

25
00
00
00

5, 525, 651 67

$2, 009, 793
730, 000
100, 000
321, 700
213, 562
425, 952
187, 892
16, 238
366, 648
32, 020
66, 386
109,203

5 banks.
64
00
00
00
52
36
72
06
03
62
14
82

32, 069 00
5, 974 24
500, 514
484,187
20, 000
29, 500

OCTOBER 1.

$2,185, 985
730, 000
100,000
386,300
216,747
365, 830
162,295
20, 016
361,198
5,451
79, 957
128, 948

5 banks.
80
00
00
00
63
00
38
26
03
15
73
15

15,174 00
5, 733 49

$2,196,157
730, 000
100, 000
401,550
226, 306
358, 496
165, 033
15, 068
353, 954
21, 731
82, 285
141, 570
18, 669
5, 355
5,493
476, 797
469, 327

88
00
00
00
00
02
25
90
45
09
73
54
00
59
00
00
00

25
00
00
00

442, 616 25
354,114 00
31, 500 00

31, 500 00

5, 651, 642 40

5,591,867 87

5, 799, 295 45

23 b a n k s

24 b a n k s .

VIRGINIA.
24 b a n k s .

24 b a n k s .

Loans and discounts. $11,321,295 77 $11, 407,475 51
2, 358, 350 00
2, 358, 350 00
Bonds for circulation.
525, 000 00
525, 000 00
Bonds for deposits...
25, 050 00
25,350 00
XT. S. bonds on hand..
520, 878 84
551,139 88
Other stocks and b'ds
1,153, 578 01
997,541 53
Due from res've ag'ts.
550, 613 34
369, 200 41
Due from nat'l banks.
413,596 72
478, 545 13
Due from State banks
434, 755 48
429,410 08
Real estate, &c
136,267 14
57, 545 92
Current expenses
129, 920 74
136, 904 99
Premiums paid
202,651 89
246, 747 87
Cash items
25, 951 25
42, 333 62
Clear'g-house exch'gs
295, 387 00
249, 398 00
Bills of other banks..
4,113 33
5,299 56
Fractional currency .
Trade dollars
441,295 57
461,904 71
Specie
851,741 00
Legal-tender notes . .
785,396 00
XT. S. cert's of deposit.

Due from U. S. Treas.
Total

23 b a n k s
70
00
00
00
34
35
49
74
22
13
74
78

$9, 212,167 93
2, 243, 350 00
350, 000 00
300 00
338, 458 87
596,921 77
335, 987 75
226, 495 44
360, 474 94
4,250 54
122, 616 99
296, 587 59

280. 576 00
6,184 44

229, 937 00
4,626 05

527, 085 06
691, 900 00

516, 688 16
612, 475 00

$8, 717, 244
2, 258, 350
350, 000
20,100
346, 975
673,810
374, 373
201, 243
363, 559
91, 084
136, 397
264,190

$9, 459, 574
2, 293, 350
350, 000
600
363, 837
1,193, 955
493, 770
249, 635
397,616
77, 094
129,196
162, 463
37, 585
385,179
3,768
7,938
561, 564
786, 902

82
00
00
00
59
47
82
86
73
36
02
27
58
00
28
55
20
00

112, 334 50

127, 075 00

108, 443 63

108, 576 19

122,149 88

19, 521, 739 99

19, 235, 658 80

15, 411, 518 62

15, 559, 914 22

17, 076,182 43

21 banks.

21 banks.

WEST
21 banks.

VIRGINIA.

21 banks.

21 banks.

Loans and discounts. $3, 606, 072 89 $3, 616, 272 54 $3, 664, 268 56 $3, 602, 628 fiO $3, 602, 283 67
Bonds for circulation. 1, 459, 450 00 1, 469, 850 00 1,469,850 00
1, 469, 850 00
1,469, 850 00
Bonds for deposits . 10,000 00
TT. S. bonds on hand..
8, 600 00
9,200 00
10, 300 00
9,300 00
139,741 81
Other stocks and b'ds
140, 741 81
136, 541 «1
130,541 81
133,141 81
256,183 12
Due from res've ag'ts
317, 061 55
218, 640 63
245, 301 48
280,143 38
147,434 73
Duo from nat'l banks
201,385 23
156,344 91
184, 780 21
187, 580 05
44,028 89
Due from State banks
46,591 80
40, 896 10
40, 976 55
93, 882 45
215,082 71
Real estate, &c
223, 754 99
216, 887 53
217, 576 27
226, 807 27
24, 352 15
Current expenses
56, 970 88
34,826 12
13, 422 07
29, 299 27
32, 548 21
Premiums paid
36, 274 30
32, 382 87
32, 406 14
32, 233 99
19, 341 46
Cash items
22,166 37
15, 227 76
19, 067 74
19, 019 22
Clear'g-house exch'gs
Bills of other banks..
75,213 00
70, 919 00
95, 379 00
78, 619 00
94, 074 00
Fractional currency.
2, 658 46
2, 903 18
3, 387 08
3, 655 40
3, 354 87
Trade dollars
8, 723 29
246, 904 59
229, 269 87
Specie
197, 330 57
220,189 62
"227, 505 98
204, 795 00
Legal-tender notes ..
265, 740 00
260, 355 00
184, 651 00
162, 458 00
U. S. cert's of deposit.
Due fromTJ. S. Treas.
64,492 59
63, 748 00
69, 649 12
65, 842 64
69,245 44
Total
6, 774,078 46



6,600, 750 68

6, 545, 731 38

6,497, 315 00

6,692, 551 89

REPORT OF THE COMPTROLLER OF THE CURRENCY. 215
by States and reserve cities—Continued.
CITY OF WASHINGTON.
DECEMBER 20.

Liabilities.
Capital stock

MARCH 10

MAY 6.

JULY 1.

5 banks.

5 banks.

5 banks

5 banks.

OCTOBER 1.
5 banks.

$1,125,000 00

$1,125, 000 00

$1,125, 000 00

$1,125, 000 00

$1,125,000 00

Surplus fund
'...
Undivided profits

302, 000 00
129, 700 82

304, 500 00
62, 300 32

304, 500 00
99, 459 14

305, 500 00
81, 438 82

307, 000 00
119, 826 43

Nat'l bank circulation
State bank circulation

623, 300 00

618, 000 00

610,100 00

607, 600 00

625, 850 00

Dividends unpaid

1, 974 00

1,911 50

1,401 00

13, 717 00

1, 933 50

Individual deposits...
U. S. deposits
Dep'ts U S dis officers

2, 550, 778 10
49, 828 10

3,184, 412 78
73, 663 69

3,358,118 17
22, 040 05

3, 323, 316 34
33, 828 60

3, 435, 467 92
47, 961 44

Due to national banks

149, 593 18

138, 383 00

97, 934 39

83, 961 58

115, 738 20

Due to State banks...

29, 039 81

17, 480 38

33, 089 65

17,505 53

20,517 96

4, 961, 214 01

5, 525, 651 67

5, 651, 642 40

Notes re-discounted
Bills payable
Total

5, 591, 867 87

5, 799, 295 45

VIRGINIA.
24 b a n k s .

"Capital stock

24 banks

23 b a n k s

23 banks.

24 b a n k s .

$3, 546 300 00

$3 246, 300 00

$3, 246, 300 00

$3, 576, 300 00

S u r p l u s fund
Undivided profits

1,262,321 91
776, 846 91

1, 332,112 94
531, 471 93

1,177,112 94
502, 866 42

1,189, 978 50
323, 000 64

1,143, 097 75
474, 982 48

N a t ' l b a n k circulation
S t a t e b a n k circulation

2,112, 300 00

2,114; 780 00

2, 021, 060 00

2, 002, 980 00

2, 007, 500 00

Dividends unpaid
Individual d e p o s i t s . . .
U. S. deposits
D e p ' t s U.S. dis. officers

$3 545 300 00

4, 065 16
10,140,338 13
361,233 09
110, 305 66

6,534 15

3,680 15

48, 433 65

5,214 15

10,174, 861 77
364, Iu8 90
69, 912 65

7, 344, 627 99
288, 650 10
16. 405 41

7, 669, 044 60
262,158 95
29, 674 63

8, 376, 662 67
260,119 14
40, 399 42

D u e to national banks

604, 298 82

498,137 71

290, 886 01

215, 355 81

352, 222 65

D u e to State banks . .

477, 026 96

437, 788 31

303, 976 93

322, 852 45

374, 232 52

50, 650 44
109, 000 00

154, 952 67
61, 000 00

184, 134 99
66, 000 00

369, 451 65
96, 000 00

19,235, 658 80

15, 411, 518 62

15, 559, 914 22

17, 076,182 43

X o t e s re-discounted..
Bills payable
Total

73,703 35
54, 000 00
19, 521, 739 99

W E ST VIR GINIA.
21 b a n k s .

Capital stock
Surplus fund
Undivided profits
Kat'l bank circulation
State bank circulation
Dividends unpaid
Individual deposits..
U. S. deposits
Dep'ts U.S. dis. officers
Due to national banks

21 b a n k s .

21 b a n k s .

$2, Oil, 000 00

$2,011,000 00

$2,011,000 00

$2, 011, 000 00

$2, 011, 000 00

500, 740 13
155, 136 64

505,107 58
106, 978 19

512, 056 40
135, 691 22

1, 300, 200 00

1, 300, 015 00

1, 291, 765 00

513, 888 97
196, 882 58
1, 281, 620 00

505, 892 97
130,261 62
1, 269,165 00

21 b a n k s

21 b a n k s .

17, 480 00

20, 494 00

18, 871 00

47, 647 00

22, 571 00

2, 543, 488 15

2, 465, 980 74

2, 315,141 49

2, 342, 461 31

2, 529, 278 85

163, 292 01

116, 008 69

108, 430 33

71,815 03

104, 380 96

Due to State banks...

35,781 16

55, 247 66

47, 914 37

42, 997 95

58,170 96

Notes re-discounted..
Bills payable

10, 645 59

22, 700 00
4, 000 00

77, 297 42
5, 000 00

64, 292 94
5,000 00

27, 637 50

6, 497, 315 00

6, 692, 551 89

Total
6, 774,



078 46

6, 600, 750 68

6,545,731 38

216

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Abstract of reports since September 30, 1884, arranged
NORTH CAROLINA.
DECEMBER 20.

MARCH 10

MAY 6.

JULY 1.

15 b a n k s

15 b a n k s .

15 b a n k s .

15 b a n k s

OCTOBER 1.

Resources.
Loans and discounts.
Bonds for circulation.
Bonds for deposits...
TJ. S. bonds on hand..
Other stocks and b'ds
Due from res've ag'ts.
Due from nat'lbanks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency .
Trade dollars
Specie
Legal-tender notes ..
TJ S cert's of deposit
Due from U.S.Treas
Total

$4, 612,146 86
1, 262, 000 00
300, 000 00
20,150 00
477, 72 L 59
750, 359 88
335, 374 56
76, 295 96
275, 852 78
48,001 16
51, 224 34
50 724 58

$4,605,100
1, 262, 000
200, 000
20,150
461,356
742, 522
251, 691
56,132
252,106
17, 844
51, 224
33 053

99
00
00
00
35
75
54
96
68
11
34
<S\

$4, 704, 366
1, 262,000
200, 000
20,150
447, 028
359, 974
208, 935
52, 830
280, 087
33, 732
51, 224
57 695

14
00
00
00
37
64
79
40
04
86
34
^

$4, 904, 277
1,162, 000
250, 000
20,150
459,66L
293, 007
215, 053
47, 491
267, 823
18, 450
47, 974
28 451

15 b a n k s .
33
00
00
00
14
90
20
41
20
56
34

158. 790 00
1,720 95

151,182 00
2,598 34

87, 962 00
3,534 62

90, 719 00
2,975 34

168 113 -15
327, 688 00

281 094 "
M
382,140 00

275 854 qo
404, 911 00

234 477 07
257,175 00

$4, 671, 983 29
1,162, 000 00
250, 000 00
5, 000 00
335, 698 84
365, 075 43
202,063 10
53, 242 21
259, 738 74
33,539 17
82, 541 84
36 525 04
144, 443 00
3, 911 25
124 00
231 740 79
263,186 00

56,148 14

56, 741 09

59, 483 17

49, 513 49

49,560 34

8, 872, 312 25

8, 826, 938 83

8, 509, 770 81

8, 349, 200 92

8, 150, 373 04

14 banks.

14 banks.

SOUTH CAROLINA
14 banks.

14 banks.

Loans and discounts. $3, 417,181 04
1, 247, 600 00
Bonds for circulation.
250,000 00
Bonds for deposits...
3, 100 00
TJ. S. bonds on hand .
562, 546 79
Other stocks and b'ds
1,147, 444 92
Due from res've ag'ts.
856, 558 74
Due from nat'lbanks
141,783 13
Due from State banks
206,934 15
Real estate, &c
82, 192 99
Current expenses . . .
31, 530 60
Premiums paid
54,794 84
Cash items
Clear'g-house exch'gs
Bills of other banks..
223, 304 00
Fractional currency.
1, 309 38
Trade dollars
164, 054 05
Specie
490, 474 00
Legal-tender notes . .
TJ. S. cert's of deposit.
Due from TJ. S. Treas
59, 937 60
Total

8, 940, 746 23

14 banks.

$3, 772, 092 91
1, 247, 600 00
250, 000 00
3, 100 00
534, 602 20
811,814 81
749, 379 44
103, 879 00
205, 325 21
30, 269 50
26, 562 95
40, 920 80

$4, 217, 382 24
1, 247, 600 00
250,000 00
3,100 00
515,584 51
430, 253 67
601, 930 71
64,3:57 61
202, 347 44
70, 273 05
26, 562 95
18,117 39

$4, 255, 164 21
1,161,350 00
250,000 00
3,100 00
515, 674 48
248, 346 13
4L7, 452 27
73, 568 01
198, 847 44
25, 466 84
25, 926 70
17, 310 27

186, 808 00
1, 462 82

142,015 00
1, 725 81

80, 039 00
1,485 19

194, 605 00
1, 269 37

311, 520 35
436,187 00

323, 681 80
319, 548 00

266,094 66
286, 204 00

235, 892 36
312, 239 00

57, 880 65

60,513 25

57, 945 05
8,769,470 04

58,183 05 i
8, 492, 643 23

7, 883, 909 85

$4, 589, 642 74
1,161, 350 00
250, 000 00
3,100 00
520, 717 73 .
170, 805 04
312,948 59
51, 504 32
198,847 44
42, 09y 60'
25, 676 70
34, 999 03

8,166, 210 17

GE ORGIA.
15 b a n k s .

Loans and discounts
Bonds for circulation.
Bonds for deposits ..
TJ. S. bonds on hand..
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency .
Trade dollars
Specie
Legal-tender notes ..
TJ. S. cert's of deposit.
Due from TJ. S. Treas.

15 b a n k s .

$4,580,275 10
1, 861, 000 00
110, 000 00

15 b a n k s .

. 15 b a n k s .

16 b a n k s .
$5, 383, 089 49
1,792,000 00
110,000 00

198,154 94*
496, 867 57
311, 823 41
153,936 44
417, 426 42
89,218 39
48, 617 81
106, 777 02

$4, 453, 865 36
1, 861, 000 00
110, 000 00
50,000 00
295, 768 24
309, 435 01
183,828 69
123,667 13
418,143 98
37,096 49
54, 634 68
98, 748 56

$4,529,423 56
1, 861, 000 00
110, 000 00
50,000 00
275, 748 24
112, 745 28
124,133 20
94, 912 51
432, 093 88
73, 594 35
54,134 68
113,071 82

352,155 00
2,408 25

243,269 00
3, 744 06

232,412 00
3, 890 73

199, 277 00
4, 370 51

248, 663 00
4, 570 27

366, 657 43
443, 075 00

534,055 93
332, 295 00

506,139 68
253, 563 00

492, 345 50
271,612 00

441,577 07
321,017 00

97,404 66

Total
9, 635, 797



44

$4, 704, 799 00
1,861,000 00
110, 000 00
50,000 00
264,130 74
106, 476 45
125, 126 41
105, 690 41
439, 974 71
11,371 43
52, 659 68
122, 267 76

229, 290 74
101,136 43
116, 732 94
147, 546 82
460, 980 12
45, 760 39
53, 956 47
126, 945 09

97,102 26

90, 002 26

88, 379 20

83, 573 20

9, 206, 654 39

8, 916, 865 19

9, 009, 480 80

9, 666, 842 03

REPORT OF THE COMBTROLLER OF THE CURRENCY.

217

by States and reserve cities—Continued.
NORTH CAROLINA.
DECEMBER 20.

MARCH 10.

MAY 6.

JULY 1.

OCTOBER 1.

15 b a n k s .

15 b a n k s .

15 b a n k s .

15 b a n k s .

15 b a n k s .

$2, 401, 000 00

$2, 401 000 00

$2, 401, 000 00

$2, 401, 000 ,00

$2, 063, 500 00

547, 496 84
317,377 29

547, 496 84
362, 414 76

549, 496 84
274, 408 82

472, 378 71
235, 799 45

1, 094, 085 00

1, 010, 290 00

993, 415 00

Liabilities.
Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

532,591 92
386, 637, 56
1,112,185,00
4, 908 50

1,101, 050 00
6, 344 50

Individual deposits ..
TJ. S. deposits
Dep'ts U.S.dis. officers

3, 883, 602 64
155,830 18
25, 220 74

Due to national banks

195, 676 75

131, 641 36

Due to State banks...

35,171 05

45, 311 47

Notes re-discounted..
Bills payable

126, 987 91
12, 500 00

148, 620 78

8, 872, 312 25

8, 826, 938 83

Total

3, 932, 513 13
170,620 32
24,963 14

4,748 00

29, 756 50

2,999 00

3, 310,159 39
179, 243 74
33, 266 67

3, 237, 571 76
210, 815 5a
17,312 74

90, 870 02

80,663 27

229, 266 13

42, 931 37

24, 268 31

22, 050 32

148, 052 19
20,000 00

316, 647 38
140, 000 00

525, 264 43
140, 000 00*

8, 509, 770 81

8, 349, 200 92

8,150, 373 04

3, 610, 360 10
156, 0(50 69
31, 751 84

SOUTH CAROLINA.
14 b a n k s .

14 b a n k s

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid
Individual deposits ..
U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks
Due to State banks..

14 b a n k s

14 banks.

$1, 935, 000 00

$1, 935, 000 00

$1, 935, 000 00

$1, 935, 000 00

$1, 935, 000 00

772, 500 00
719, 256 87

778,000 00
635, 280 02

778, 000 00
730, 877 86

802, 000 00
550,685 56

802, 000 00
589, 698 49

1, 096,110 00

1, 068, 345 00

1, 053, 525 00

953, 970 00

1, 002, 445 00-

7,866 50

11, 250 75

9,194 50

42, 626 50

9,342 50

3, 682, 568 98
156, 207 99
63, 635 13

3, 602, 983 05
199, 635 77
33, 836 05

3. 261,106 42
182, 385 10
48, 566 90

2, 900, 397 90
177, 372 62
39, 297 88

2, 723, 042 58
187, 431 58
33, 850 06

214, 475 39

160, 575 31

174, 226 76

143, 744 52

212, 879 76-

293,125 37

344, 564 09

272, 259 18

150,128 53

179, 880 23

32, 501 51
15, 000 00

125, 686 34
63, 000 00

346, 639 97
144, 000 00

8, 492, 643 23

7, 883, 909 85

8, 166,210 17

N o t e s re-discounted..
Bills payable
Total

14 b a n k s

8, 940, 746 23

8, 769, 470 04

GEORGIA.
15 b a n k s .

15 b a n k s .

15 b a n k s .

16 b a n k s .

$2,436 000 00

$2, 436, 000 00

$2, 436, 000 00

$2,436 000 00

$2, 472 345

815, 355 00
406, 280 80

855, 790 95
322,176 34

855, 790 95
405, 925 73

887, 959 21
270, 491 15

813. 350 93
336, 807 05-

1, 648,180 00

1, 642, 300 00

1, 646, 780 00

1, 645, 555 00

1, 570, 900 00

15 b a n k s

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

no

2,650 00

2,696 00

1,945 00

30, 200 50

2,482 50

Individual deposits..
U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks

3, 679, 967 49
13
38^ 007 17

3, 455, 526 11
42, 898 96
57,181 84

3, 045, 369 40
44, 776 16
31, 509 97

3,103. 363 78
67, 783 80
15, 878 86

3, 335, 351 73
35, 076 93
36, 297 58

177, 461 65

176, 912 75

152, 790 73

123, 358 55

247, 298 22

Due to State banks ..

190, 328 91

179,187 99

113, 452 84

95,170 98

137, 242 07

Notes re-discounted..
Bills payable

73, 607 29
110,000 00

25, 983 45
10, 000 00

127, 524 41
55, 000 00

263, 718 97
70, 000 00

603, 690 02
76, 000 00

9, 206, 654 39

8, 916, 865 19

9, 009, 480 80

Total
9, 635, 797



44

9, 666, 842

oa

218

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30? 1884, arranged
PL ORID A.
DECEMBER 20.

Resources.
Loans and discounts
Bond 8 for circulation.
Bonds for deposits
XT. S. bonds on hand
Other stocks and b'ds
Due from res've ag'ts
Due from nat'lbanks.
Due from State banks
Real estate, <fec
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars .
Specie
Legal-tender notes ..
U.S. cert's of deposit.
Due from U. S. Treas.
Total

MAY 6.

MARCH 10.

JULY 1.

OCTOBER 1.

4 banks.

4 banks.

5 banks.

5 banks.

5 banks.

$453, 695 82
122,500 00

$443,130 86
122, 500 00

$530, 415 29
147, 500 00

61*, 77i i i
35, 714 59
8, 252 88
27,555 66
28,074 85
18, 802 65
1,725 00
6, 417 36

72, 020 94
206, 787 55
11,150 11
29, 328 88
37,416 98
14, 330 03
1, 725 00
7, 910 26

68, 527 11
243, 687 54
28, 435 05
49, 085 86
41, 774 30
21,175 34
3, 086 12
5, 738 59

$581,170 76
147, 500 00
50, 000 00
1, 300 00
75, 418 62
190, 737 97
88,156 09
51, 420 75
43, 682 43
22, 606 92
9,333 12
5, 472 98

$644,531 03
147, 500 00
50, 000 00
5, 700 00
82,198 37
57, 388 82
35, 705 73
32, 954 29
43, 086 37
18, 767 02
9, 979 99
7, 307 82

21,752 00
554 61

53, 926 00
321 55

72,184 00
433 15

54, 835 00
496 99

54,983 00
504 76

16,095 95
77, 745 00

42, 804 90
97, 662 00

42, 025 70
134, 516 00

54, 056 55
107, 759 00

35, 601 80
102,581 00

3,548 15

7, 574 15

5, 699 15

6,199 15

5, 699 15

884, 205 66

1,148, 589 21

1, 394, 283 20

1, 490,146 33

1, 334, 489 15

ALABAMA.
10 banks.

Loans and discounts. $2, 872, 066 75
Bonds for circulation
1, 017, 000 00
Bonds for deposits ..
100,000 00
XT. S. bonds on hand
Other stocks and b'ds
345, 591 22
Due from res've ag' ts
444, 730 46
Due from nat'l banks.
239, 287 63
Due from State banks
136,043 54
Real estate, &c
178, 667 92
Current expenses
59,045 54
Premiums paid
81, 528 54
Cash items
18, 933 34
Clear' g-house exch'gs
Bills of other banks..
130,551 00
Fractional currency.
1,121 51
Trade dollars
Specie
238, 632 31
Legal-tender notes ..
236,328 00
U. S. cert's of deposit.
Due from U. S. Treas.
42,114 21
Total

6,141, 643 97

10 banks.

10 b a n k s .

10 b a n k s .

I 10 banks.

$2, 574, 250 22
1, 067, 000 00
100, 000 00

$2, 703, 625 70
1,117, 000 00
100,000 00

$2, 874,125 51
1,117, 000 00
100, 000 00

$3,265,790 12
1,117, 000 00
100,000 00

344, 774 84
493, 988 70
418,253 78
187, 530 30
184, 039 89
37, 402 54
84,126 00
57, 378 73

381,261 85
196, 716 16
513,092 21
204, 772 45
189, 581 25
60,102 60
90,251 00
34,017 29

414,132 60
263, 445 10
380,415 75
93,427 71
189, 035 58
1, 516 95
88,289 14
28,155 22

477, 774 50
113, 073 51
189, 943 47
101, 087 47
192, 765 58
30, 175 37
71,332 60
35, 286 06

228, 864 00
1,601 35

124, 072 00
1, 404 92

124,468 66
1, 924 95

95,543 00
1,378 78

339,807 91
244, 858 00

274,017 66
206, 769 00

245,510 15
239,153 00

24i, 887 90
167, 764 00

47, 978 11

46, 971 96

50, 258 76

47, 368 76

6, 411, 854 37

6, 243, 656 05

6, 210, 858 42

6,248,171 12

MISSISSIPPI.
5 banks.

Loans and discounts
$591,887 34
205, 000 00
Bonds for circulation
Bonds for deposits
TJ. S. bonds on hand..
1,600 00
58,118 38
Other stocks and b'ds
37, 615 37
Duefromres've ag'ts.
200, 424 38
Due from nat'l banks.
36,155 32
Due from State banks
31,615 32
Real estate, &c
15 483 44
Current expenses
24, 581 87
Premiums paid
1 257 •10
Cash items .
Clear'g-house exch'gs
Bills of other banks..
6,887 00
Fractional currency.
65 59
Trade dollars
Specie
101 526 85
Legal-tendef notes ..
32,172 00
TJ. S. cert's of deposit
6,800 00
DuefromTJ. S. Treas
Total
1, 351,190 26



1

6 banks.

6 banks.

6 banks.

$445, 062 88
205, 000 00

$545, 798 33
217,500 00

$720, 838 62
217, 500 00

1,600 00
47, 891 24
183, 708 65
249, 235 40
91,120 11
34, 54? 32
10, 646 31
23, 255 43
6 753 91

i,600 66
50,163 46
71,100 27
249, 980 54
53, 688 78
39, 644 65
17,169 54
25, 921 31
5 099 11

8,491 00

13,875 00
531 02

14, 502 00

735 71

505 68

336 87

177 102 78
47, 503 00

105 471 65
68, 380 00

108 670
46,184 00

82 352 •10
41, 682 00

5 banks.

1,600
91, 553
72, 203
62,151
26, 356
40, 285
10,149
24, 562
2, 209

00
25
09
27
62
40
61
31
77

$1, 074, 609 22
175,000 00
1,600
85, 806
22, 550
24, 087
8,761
44, 018
13, 374
12,900
9,292

00
29
89
65
65
25
74
94
48

26,161 00

10, 825 00

12,625 00

14, 293 35

6,247 49

1, 543, 478 74

1, 478, 548 66

1, 453, 565 62

1, 628, 781 87

REPORT OF THE COMPTROLLER OF THE CURRENCY. 219
by States and reserve cities—Continued.
FLORIDA.
DECEMBER 20.

MARCH 10

MAY 6.

JULY 1.

OCTOBER 1.

4 banks.

4 banks.

5 banks.

5 banks.

5 banks.

$200 000 00

$200, 000 00

$300, 000 00

$300, 000 00

$300, 000 00

16, 422 70
19,731 57

17, 922 70
17, 095 07

19, 922 70
26, 304 59

19, 922 70
30, 469 63

19, 922 70
36, 298 34

81, 840 00

88.415 00

89, 385 00

88, 540 00

120,185 00

Individual deposits ..
U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks

514, 063 01

810, 867 85

932, 499 43

958, 306 78
41, 883 %
1,026 86

782, 280 90
35,037 55
2, 715 28

3,225 38

3,619 29

14,196 06

35, 254 70

14,178 47

Due to State banks...

45, 423 00

5,669 30

9,975 42

8,741 70

23,870 91

Notes re-discounted..
Bills payable

3,500 00

5,000 00

2,000 00

6,000 00

884, 205 66

1,148, 589 21

1, 394, 283 20

1, 490,146 33

Liabilities.
Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

Total .

1, 334, 489 15

AL AB A MA.
10 b a n k s

Capital stock

10 b a n k s .

10 b a n k s

10 b a n k s .

10 b a n k s .

$1, 735, 000 00

$1, 835, 000 00

$1, 835, 000 00

$1, 835, 000 00

256,100 00
271, 976 12

282, 000 00
209, 686 73

282, 000 00
271, 992 16

285, 500 00
205, 096 59

290, 650 00
212, 571 67

914, 400 00

Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation

$1, 835, 000 00

943,900 00

989, 500 00

990, 050 00

990, 450 00

......

Dividends unpaid

2,166 00

5, 540 00

1,178 00

Individual deposits...
U. S. deposits
Dep'ts U.S.dis.oflicers
Due to national banks

2, 591, 009 91
84, 254 06
8,144 61

2, 843, 863 80
84, 550 41
4, 966 48

2, 496, 710 73
95,146 09
9,107 01

54, 638 32

47, 969 73

67, 016 53

32, 795 22

D u e to State b a n k s . . .

85, 864 05

53, 073 02

52, 981 03

33, 925 87

39, 221 08

Notes re-discounted..
Bills payable

108, 090 90
30, 000 00

81, 304 20
20, 000 00

123, 024 50
20, 000 00

286, 539 00

537, 071 60

6,141, 643 97

6, 411, 854 37

6, 243, 656 05

6, 210, 858 42

6, 248,171 12

Total

29, 010 00
2, 421, 074 06 *
91, 644 92
212 76

5,347 20
2, 143, 311 12
82, 326 79
5,684 48
106, 537 18

MISSISSIPPI.
6 banks.

5 banks.

6 banks.

6 banks.

$425, 000 00

$450, 000 00

$475, 000 00

$475, 000' 00

10, 824 35
48, 042 30

18,400 00
35, 674 71

19, 400 00
56, 881 34

20,100 00
55, 615 56

39,100 00
38, 003 50

165,100 00

163, 350 00

164,900 00

175, 340 00

150,990 00

200 00

200 -00

5, 200 00

320 00

639,266 99

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation .

5 banks.

$425, 000 00

875, 317 75

772, 829 48

690, 847 73

597, 416 08

Dividends unpaid.
Individual deposits...
U. S. deposits
Dep'ts U.S.dis. officers
Due to national banks

42, 915 57

Due to State banks...
Notes re-discounted..
Bills payable

4, 941 05

Total

8, 650 55
16, 885 73

9, 339 01

10, 612 16

4, 998 83

10, 850 17

15,100 00

101, 934 53
33,327 00
192, 690 76

10, 000 00
I 1,351,190 26




1, 543, 478 74 I 1, 478, 548 I

1, 453, 565 62

1, 628, 781 87

220

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
LOUISIANA.
DECEMBER 20.

Resources.
Loans and discounts.
Bonds for circulation
Bonds for deposits
X S. bonds on band
L
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid

MARCH 10.

6.

J U L Y 1.

OCTOBER 1.

1 bank.

1 bank.

1 bank.

1 bank.

1 bank.

$131,977 43
100, 000 00

$136, 557 08
100,000 00

$133, 289 28
100, 000 00

$133,170 77
100, 000 00

$130,948 38
100, 000 00

9,187 99
9,430 70
110 21
2,817 87
986 70
3, 552 38
3, 375 00

9, 207 49
4,033 68
1, 505 92
28 78
986 70
1, 812 23
3,000 00

9, 207 49
388 46
917 06
268 31
986 70
2, 819 28
3, 000 00

9, 387 99
5,117 57
563 95
1,105 36
986 70
66 60
3,000 00

9, 187 99
3, 539 45
344 16
213 86
1,144 80
2, 448 88
3, 000 00

282 00
44 88

1, 589 00
92 36

1, 662 00
20 10

280 00
6 63

890 00
30 36

13, 283 00
5, 752 00

14, 653 50
2, 867 00

Clear'g-house exch'gs
Bills of other b a n k s . .
Fractional currency.
Trade dollars
Specie . .
Legal-tender notes...
TJ. S. cert's of deposit
Due from U. S. Treas.
Total

17, 628 66
3,125 00
4, 500 00
287,018 16

MAT

19,174 00
2,880 00

17,792 50
6,195 00
4, 500 00

4, 500 00

287, 300 74

279, 112 68

4, 500 00
277,220 57

4, 500 00
273,763 38

CITY OF NEW ORLEANS.
8 banks.

8 banks.

8 banks.

8 banks.

8 banks.

$9, 277, 862 82 $9,166, 022 83 $9> 729, 589 78
Loans and discounts $9, 666, 389 20 $8,681,060 42
Bouds for circulation.
2, 225, 000 00 2, 225, 000 00
2, 025, 000 00
2,125, 000 00
2,225,000 00
Bonds for deposits
507,150 00
U. S. bonds on hand..
70,400 00
7, 450 00
7, 300 00
516,750 00
1, 040, 192 98 1,117, 822 02
Other stocks and b'ds
1, 016, 860 36
812, 749 99
967, 673 18
Due from res've ag'ts
1,142, 681 84
495,351 38
583, 532 66
1, 652, 965 92 1,110. 123 28
197,071 36
Due from nat'l banks
151, 34 L 89
154,150 92
817,205 87
2C9, 238 94
452, 943 06
Due from State banks
405, 520 63
297,378 19
456,303 90
576, 177 27
401,574 87
Real estate, &c
409, 842 63
427,461 46
402, 756 49
400, 924 62
135, 232 56
Current expenses
2,830 91
92, 867 69
159, 900 41
77, 947 60
90, 423 00
Premiums paid
71,971 80
62, 003 83
54,013 00
90, 663 00
813 43
Cash items
106 86
696 87
1, 975 55
2, 143 43
646, 383 09
Clear'g-house exch'gs
658, 595 53
808,367 16
1, 753, 592 50
900, 894 59
19*, 354 00
Bills of other banks'..
132, 025 00
124, 932 00
106, 760 00
217,603 00
8, 089 95
Fractional currency .
8, 822 51
10, 965 61
4, 404 65
7, 461 46
Trade dollars
Specie
1, 945 147 00
1, 020, 479 75
817. 950 50
2, 024, 499 00
905,747 60
1, 658, 359 00
Legal-tender notes . .
1,651,830 00
1, 087J 830 00
751,183 00
1,948,701 00
U. S. cert's of deposit.
104, 625 00
100,480 00
100,175 00
101, 625 00
104,625 00
Due fromU. S. Treas
Total

18, 310, 439 82

20, 307, 457 43

20, 279, 687 40

18,142, 303 20

17, 359, 030 75

TEXAS.
61 banks.

65 banks.

66 banks.

68 banks.

68 banks.

Loans and discounts $11, 651, 514 55 $12, 229, 782 84 $12, 785, 262 97 $13, 088, 748 87 $13, 777, 215 51
1, 957, 000 00
1, 962, 000 00 1,930,000 00
Bonds for circulation.
], 866, 750 00
1,950,500 00
125, 000 00
125, 000 00
Bonds for deposits . .
125, 000 00
125, 000 00
125, 000 00
500 00
TJ. S. bonds on hand..
260, 000 00
1, 000 00
201,768 80
Other stocks and b'ds
239, 092 12
180, 259 74
156, 739 36
263, 343 88
1,099.302 30
Due from res've ag'ts.
1, 319, 503 77 1,140,463 61
1, 088,126 87
1, 292, 962 99
793, 953 65
Due from nat'l banks
681,816 41
892, 823 52
698, 297 27
886, 802 36
653, 997 03
Du e from State banks
664,462 24
726,597 01
590, 917 07
694,445 90
684, 932 89
Real estate, &c
637,077 05
695, 536 76
668, 027 18
735,164 89
204,412 83
Current expenses
230,007 84
91, 566 42
139, 226 66
140, 072 00
156, 305 88
Premiums paid
136, 571 42
152, 875 81
155, 140 48
153, 917 80
97, 314 38
Cash items
107,184 94
103, 943 38
106, 783 75
233,156 32
Clear'g-house exch'gs
Bills of other banks..
462, 955 00
460, 235 00
430, 747 00
485, 615 00
570, 879 00
Fractional currency.
12, 965 93
17, 399 97
13, 567 43
10, 338 15
20, 807 91
Trade dollars
6 00
922, 520 50
883,443 15
731,169 91
1,037,537 82
971,174 13
Specie
1,002,463 00
1,099,212 00
1, 097, 842 00 1,159, 363 00
1, 339, 867 00
Legal-tender notes . .
U. S. cert's of deposit.
89, 032 35
88, 078 79
81, 034 53
93, 897 66
95,461 53
Due from U. S. Treas
Total

20, 652, 328 93 20, 666, 361 32 21, 353, 546 99




21, 752, 468 08

22, 733,137 76

REPORT OF THE COMPTROLLER OF THE CURRENCY.

221

by /States and reserve cities—Continued.
L O U I S I AN A.
Liabilities

D E C E M B E R 20.

March. 10.

MAYI.

J U L Y 1.

OCTOBER 1.

1 bank.

1 bank.

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unnaid
Individual deposits..

1 bank.

1 bank.

1 bank.

$100, 000 00

$100,000 00

$100, 000 00

$100,000 00

$100, 000 00

6, 000 00
8, 713 02

7, 000 00
4, 698 63

7, 000 00
7, 218 86

9,000 00
874 54

9, 000 00
4, 455 10

90, 000 00

90, 000 00

90, 000 00

90, 000 00

90,000 00

8 00

4 00

1, 312 00

82, 305 14

85, 594 11

69, 614 18

72,191 85

5, 275 64

3, 842 18

279,112 68

277,220 57

88 00
70, 220 28

Dept'sU.S.dis.oflicers
Due to national banks
Due to State banks ..
Notes re-discounted
Total

287, 018 16

287, 300 74

273, 763 38

CITY OF NEW O R L E A N S .
8 banks.

Capital stock

8 banks.

8 banks.

8 banks.

$3, 525, 000 00

$3, 525, 000 00

$3, 525, 000 00

$3, 525, 000 00

$3, 525, 000 C
O

8 banks.

Surplus fund
Undivided profits

1,195, 000 00
735, 731 34

1, 257,132 42
486, 953 82

1,257,132 42
603, 540 87

1, 296, 715 70
360, 974 38

1, 296, 715 70
501, 887 45

Xat'l bank circulation
State bank circulation

1, 980, 930 00

1, 965, 050 00

1, 954, 595 00

1, o53, 545 00

1, 886, 345 00

Dividends unpaid
Individual deposits..
U. S. deposits

18,115 48

20, 977 03

18,147 03

9, 514, 184 70

10, 991, 687 17

11, 081, 315 07

85,151 08
10,174, 445 44

11, 244 75
8, 923, 526 74

D e p t ' s U. S.dis.oflices
D u e to national b a n k s

446,156 43

1, 030, 735 58

1, 002, 655 48

391,474 07

385, 633 55

D u e to State b a n k s . .

895,321 87

1, 029, 921 41

837, 301 53

754, 997 53

828, 677 56

Notes re-discounted
Bills payable
Total

18, 310, 439 82

20, 307, 457 43 | 20, 279, 687 40

18,142, 303 20

17, 359, 030 75

TEXAS.
65 b a n k s

66 b a n k s

68 b a n k s

$6 142,100 00

$6,551,800 00

$6, 676,100 00

$6, 805, 000 00

$6 880 000 00

1, 712, 710 76
1,159,108 39

1,916,100 28
653, 076 16

1,948,460 28
840, 426 99

2, 016, 411 54
626, 324 82

2, 002, 202 91
844, 255 44

1, 653, 495 00

1, 700, 465 00

1, 729, 595 00

1, 686, 755 00

1, 739, 250 00

61 b a n k s .

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

68 b a n k s .

1, 360 00

6,898 25

1,097 00

80, 520 00

2,148 00

Individual deposits ..
U. S. deposits
Dep'tsU.S.dis. officers
Due to national banks

8, 285, 515 30
44, 452 50
72, 084 21

8, 308, 815 12
27, 739 13
57, 436 96

8, 499, 433 89
69, 849 27
62, 320 75

8, 873,131 96
36, 597 66
74, 472 53

9,183, 872 32
51,481 19
40, 563 01

315, 978 95

403, 775 31

472, 013 10

436, 695 83

482,185 93

Due to State banks...

577, 237 32

513, 577 17

490,274 58

534, 532 71

542, 718 68

Notes re-discounted..
Bills payable

303,528 36
384, 758 14

396, 867 94
129, 750 00

412, 226 13
151, 750 00

415, 276 03
166, 750 00

744, 053 58
220, 406 65

20, 666, 361 32

21, 353, 546 99

21, 752, 468 08

22, 733,137 76

Total
20, 652, 328



93

222

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
ARKANSAS.
DECEMBER 20.

Resources.
Loans and discounts.
Bonds for circulation.
Bonds for deposits...
IT S bonds on hand
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit.
Due fromU. S. Treas.
Total

MARCH 10.

4 banks.

5 banks.

$994, 441 24
230,000 00
100,000 00

$920, 739
260, 000
100, 0 i0
40,000
67,793
329, 675
85, 711
31, 946
18,425
2, 339
6, 343
21, 046

64,037
270, 708
33, 680
21, 226
17, 600
4,110
5,143
2, 845

47
92
61
19
59
15
45
44

MAY 6.

JULY 1.

6 banks.

6 banks.
33
00
00
00
19
41
82
76
28
47
45
70

$1,431, 618
310,000
100, 000
40, 200
57, 597
495, 976
98, 072
73, 272
23,682
6, 823
7, 880
10, 589

OCTOBER 1.

29
00
00
00
04
50
27
64
66
06
45
04

$1, 533,162
310,000
200,000
'
40,200
57, 409
347,153
41, 670
52, 506
23,682
4, 306
11,005
7, 200

6 banks.
21
00
00
00
04
47
85
25
66
52
45
53

$1, 801, 245
360, 000
100,000
40,200
51, 256
251,680
11, 776
25, 306
23,682
2, 309
11, 005
2, 804

41
00
00
00
18
95
05
31
66
70
45
52

54, 705 00
799 19

41, 977 00
1,115 92

74,569 00
2, 415 93

42, 336 00
3, 403 00

32, 975 00
3, 556 60

75,537 05
128,191 00

116, 592 85
69, 520 00

160, 468 75
105, 211 00

120, 989 00
84, 250 00

119, 543 30
84,711 00

14,841 40

14, 098 40

16, 256 00

10, 350 00
2,013,376 30

10, 660 00
2,123, 887 18 j

3, 013, 218 03

2, 893, 373 38 |

2, 938, 309 13

59 b a n k s .

59 b a n k s .

KENTU CK Y.
58 b a n k s .

Loans and discounts $14, 871, 270 47
Bonds for circulation. 6, 939, 700 00
450, 000 00
Bonds for deposits..
7, 050 00
IT. S. bonds on hand..
824, 035 69
Other stocks and b'ds
Due from res've ag'ts. 1, 259, 028 70
618,433 83
Due from nat'l banks
239, 790 65
Due from State banks
536, 250 25
Real estate, &c
151, 760 38
Current expenses
316, 970 96
Premiums paid
67, 392 37
Cash items
Clear'g-house exch'gs
Bills of other banks..
242, 533 00
Fractional currency.
4, 275 46
Trade dollars
471,632 80
Specie
421,422 00
Legal-tender notes ..
IT. S. cert's of deposit .
299, 692 03
Due from TJ. S. Treas
Total

27, 721, 238 59

59 b a n k s .
$15, 053, 997
6, 964, 700
450, 000
4, 500
826,831
1,198,141
686, 864
268, 657
531, 509
82, 039
305, 655
65, 643

59 b a n k s .
01
00
00
00
25
81
49
98
06
00
83
84

$15,444,770
6, 815, 300
450, 000
4, 200
660, 574
948, 944
610, 958
183, 276
520,138
104,190
314, 870
66, 365

18
00
00
00
27
52
46
26
39
26
95
74

$15,401,401 04 $14,942,400 23
6, 615, 300 00
6, 440, 300 00
450, C O 00
O
450, 000 00
3, 350 00
8, 200 00
693, 795 33
722,801 95
1, 024, 025 83
1, 240, 709 77
570, 020 28
748, 704 95
] 39, 033 67
200,415 98
501, 204 44
501,174 80
33, 662 15
127, 064 10
301,174 49
295, 379 36
110,154 74
57, 224 92

278,661 00
4,490 07

317, 474 00
4,113 01

278, 909 00
4,565 60

508, 747 54
457, 298 00

564,118 46
418, 099 00

562,195 52
397, 748 00

278,
4,
6,
624,
402,

553
608
851
241
633

00
78
10
25
00

286,780 65

278, 809 00

255, 906 00

278,154 20

27,974,517 53

27, 706, 202 50

27, 342, 446 09

27, 329, 417 39

CITY OF LOUISVILLE.
9 banks.

Loans and discounts $7, 753, 348 22
3, 033, 700 00
Bonds for circulation
900, 000 00
Bonds for deposits...
6, 450 00
TJ. S. bonds on hand..
144, 412 75
Other stocks and b'ds
441, 397 44
Due from res've ag'ts.
247,135 69
Due from nat'l banks
148, 908 25
Due from State banks
118, 626 80
Real estate, &c
38, 229 46
Current expenses
165, 584 62
Premiums paid
47,191 63
Cash items
69,119 67
Clear'g-house exch'gs
42,448 00
Bills of other banks..
512 75
Fractional currency
Trade dollars
265,104 90
Specie
295, 550 00
Legal-tender notes ..
U. S. cert's of deposit
138, 514 00
Due from IT. S. Treas
13, 856, 234 18
Total



9 banks.
$7, 747, 851
3, 033, 700
900, 000
6,450
291, 156
387, 202
181, 782
176, 675
124, 046
58, 440
163, 800
37,128
36, 901
48, 920
546

9 banks.

9 banks.
62
00
00
00
96
37
24
11
05
86
87
85
70
00
14

427, 516 80
378, 890 00

$7, 984, 844
3, 033, 700
900, 000
1, 450
280,189
410, 912
188, 153
137, 064
132, 524
28, 840
163, 628
29, 895
26, 651
43, 423
570

56
00
00
00
23
50
49
24
81
20
37
17
19
00
33

259, 045 15
323, 800 00

$7, 753, 925
3, 033, 700
900, 000
3,950
364, 975
551, 595
206, 021
116, 821
173, 524
17, 908
170, 005
52, 989
34, 905
46, 994
416

9 banks.
50
00
00
00
10
01
82
49
23
49
73
89
88
00
53

311, 723 05
333,430 00

$7, 788,153 55
2, 833, 700 00
900, 000 00
1,350 00
340, 230 90
431, 609 55
267, 913 77
126, 333 34
173, 439 45
81, 384 09
162, 096 87
53, 859 72
50, 365 44
71, 997 00
1,030 12
1,170 00
38fy 468 40
511, 420 00

137, 513 50

138, 513 75

142, 014 00

130, 514 00

14,138, 523 07

14, 083, 205 99

14, 214, 900 72

14, 313, 036 20

REPORT OF THE COMPTROLLER OF THE CURRENCY.

223

by States and reserve cities—Continued.
ARKANSAS.
DECEMBER 20.

MARCH 10.

MAY 6.

JULY 1.

OCTOBER 1.

4 banks.

5 banks.

6 banks.

6 banks.

6 banks.

$405, 000 00

$505,000 00

$705, 000 00

$705, 000 00

$705, 000 00

Surplus fund
Undivided profits

148, 273 81
44, 354 70

160, 584 52
28, 711 33

163, 889 84
45, 230 57

166,170 32
39, 071 31

166,170 32
47, 839 71

Nat'l bank circulation
State bank circulation

205, 700 00

204,700 00

256,100 00

277, 700 00

323,300 00

Liabilities.
Capital stock

Dividends unpaid
Individual deposits..
TJ. S. deposits
Dp'tsU.S.dis.officers.

890 00

1, 703 00

1, 286 00

12, 816 00

2, 553 00

1,057,051 46
55, 298 49
15, 388 81

1,102,701 98
61, 338 57
13, 456 56

1, 690, 962 65
58, 464 34
19, 208 96

1, 548, 000 70
• 58,144 98
8, 469 31

1, 513, 893 06
32, 923 25
11,378 08

Due to national banks

2, 299 79

5, 933 09

15, 668 47

33, 217 59

20, 581 43

Due to State banks...

13, 697 24

35, 258 13

51, 088 03

34, 464 00

31,484 96

Notes re-discounted.
Bills payable

55, 422 00
10, 000 00

4, 500 00

6; 319 17

10, 319 17

83,185 32

2, 013, 376 30

2,123,887 18

3, 013, 218 03

2, 893, 373 38

Total

2, 938, 309 13

KENTU CK Y.
58 banks.

Capital stock

59 b a n k s .

59 b a n k s .

59 b a n k s .

$9,628,900 00

$9, 708, 900 00

$9, 648, 900 00

59 banks.

$9, 458, 900 00

$9, 620, 500 00

Surplus fund
Undivided profits

1, 849, 084 49
818, 027 97

1, 909, 968 77
586, 610 26

1, 814, 453 76
717, 443 96

1, 937, 585 68
460, 410 17

1,922,323 18
695, 237 61

Nat'l bank circulation
State bank circulation

6,192, 860 00

6,214,710 00

6,110, 720 00

5, 914, 200 00

5, 714, 770 00

Dividends unpaid

15, 627 50

21,106 50

16, 385 50

129, 805 50

26, 970 00

Individual deposits..
U. S. deposits
Dep'tsU.S.dis. officers

8, 245, 429 05
321, 933 39
3, 821 07

8, 400, 947 20
337, 709 16
13, 458 01

8, 057, 589 61
331,674 11
17, 593 66

8, 049, 297 71
315, 339 71
11,137 59

8,233,931 38
333,738 14
9,350 22

Due to national banks

424, 628 11

400, 583 11

424, 503 11

267, 860 67

350,489 31

Due to State banks...

293, 037 21

331, 695 97

319, 579 44

304, 654 98

269,188 73

Notes re-discounted..
Bills payable
Total

53, 385 00
44, 504 80

81,191 20
56, 037 35

208,828 73
58, 530 62

231, 229 18
12,024 90

124, 518 82

27, 721, 238 59

27, 974. 517 53

27, 706, 202 50

27, 342, 446 09

27, 329, 417 39

CITY

or L ouns

VILL E .
9 banks.

9 banks.

9 banks.

9 banks.

9 banks.

$3, 551, 500 00

$3, 551, 500 00

$3, 551, 500 00

$3, 551, 500 00

$3, 551, 500 00

791, 603 68
221, 514 08

795, 603 68
263, 935 08

803, 474 48
215,893 10

809,441 26
184, 547 80

809,441 26
312, 680 28

2, 730, 004 00

2, 723, 804 00

2, 721, 704 00

2, 730,180 00

2, 550, 230 00

9, 624 00

5, 690 00

27, 973 50

42, 546 50

5, 304 00

2, 870, 826 27
640, 536 04
154, 470 54

2, 914, 171 79
698, 810 27
84, 841 36

2, 986, 974 09
633, 394 81
148, 751 27

3, 216, 983 57
609, 450 61
153, 560 20

3, 401, 878 31
603, 970 84
178, 631 12

Due to national banks

1, 221, 048 96

1, 451, 698 54

1, 415, 927 43

1, 473, 796 74

1, 335, 832 28

Due to State banks...

1,108, 052 98

1, 281, 962 66

1,154, 756 63

1,146, 748 01

1, 214,244 25

Notes re-discounted..
Bills payable

472, 053 63
85, 000 00

281.505 69
85, 000 00

372, 856 68
50, 000 00

266,146 03
30, 000 00

349, 323 86

14,138, 523 07

14,083, 205 99

14,214, 900 72

14, 313, 036 02

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid
Individual deposits ..
U. S. deposits
Dep'ts U.S.dis.officers

Total
13, 856, 234



18

224

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
TENNESSEE.
DECEMBER 20.

MARCH 10.

MAY 6.

JULY 1.

33 b a n k s .

33 b a n k s .

32 b a n k s .

33 b a n k s .

Resources.
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.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear' g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit
Due from U. S. Treas.
Total

$11,080,448 17 $11, 461, 722 43 $11,240,560 85 $11, 030, 213 33
2, 534, 000 00
2, 534, 000 00
2, 484, 000 00
2, 496, 500 00
350, 000 00
350, 000 00
350, 000 00
350, 000 00
24,100 00
5,700 00
25, 950 00
26, 900 00
462, 749 62
460,199 04
461, 150 71
488, 078 56
964,611 19
1, 034, 901 71
8(M, 649 64
893, 546 40
827,142 63
520, 210 26
575, 489 33
426, 382 63
177,110 52
141,407 18
160, 468 37
162, 478 68
436, 746 15
430, 676 79
411,416 20
416,227 49
120,112 53
116,982 91
110, 864 57
26, 049 24
152,154 88
136,943 63
151, 903 38
140, 923 53
165,128 38
2*17, 406 30
188, 912 70
295, 421 45
69, 842 53
94, 927 56
56, 549 40
22, 856 87
386,140 00
412, 983 00
339, 473 00
292, 359 00
3, 375 29
2, 514 89
3, 429 23
4, 552 65
662, 455 61
493, 426 00

860, 559 54
564, 320 00

799, 069 25
559,135 00

779, 611 78
455, 787 00

OCTOBER 1.
32 b a n k s .
$11, 554,177 46
2, 371, 500 00
350, 000 004, 050 00
459, 878 24
703,714 57
429,219 08
146, 608 30
403, 947 51
57,469 64
144,143 91
173, 109 52
37,194 63
232, 090 00
2, 906 31
2,161 50
696, 815 02
517, 389 00

123, 216 08

131, 939 67

125, 647 42

110, 856 92

111,408 65

18, 818, 399 13

19, 691, 755 36

18, 850, 669 05

18,418, 745 53

18, 397, 783 34

183 b a n k s .

183 b a n k s .

OHIO.
183 b a n k s .

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
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear' g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U.S. cert's of deposit.
Due fromU. S. Treas.
Total

184 banks

183 b a n k s

$41,005,521 02 $40, 559, 087 89
15, 589, 750 00
15, 500, 250 00
500,000 00
450, 000 00
304, 500 00
442,000 00
2, 343, 982 59
2, 265, 075 19
3. 383, 746 38
4, 325, 580 64
i; 260, 280 95
1, 373, 646 56
388,063 80
442, 350 73
1, 683, 898 52
1, 690, 454 12
250, 224 90
380, 426 27
429,130 51
460, 881 57
398,340 10
351, 631 82
25, 224 53
16, 945 37
989, 427 00
1, 329, 675 00
24, 206 88
29,185 97
2, 323, 566
2,482, 770
5, 000
697, 276

35
00
00
03

74, 576, 630 40

2, 549, 036
2, 667, 646
5, 000
714, 892

42
00
00
13

75, 562, 044 84

$40, 828, 297
15, 362, 250
450, 000
339, 750
2, 263,195
3, 393, 669
1, 323, 750
388, 699
1, 696, 001
234, 406
442,529
354, 665
23, 724
1,182, 529
29, 326

02
00
00
00
40
51
54
17
05
52
77
02
29
00
40

2, 644, 709
2, 552, 562
5,000
682, 362

61
00
00
48

74,197, 427 78

$41, 241,136 76 $40, 932, 229 44
15, 327, 350 00
15,195, 250 00
525, 000 00
525,000 00
363,600 00
381, 800 00
2,172, 516 59
2, 070, 628 87
3, 916, 287 42
4,131, 559 24
1, 361, 325 33
1, 286, 986 81
448, 072 02
478, 449 33
1,704,909 10
1, 770, 944 62
194,981 38
400, 951 50
441,158 19
446, 725 22
420, 765 05
350, 951 93
20, 512 06
63, 588 20
989, 848 00
1, 459,125 00
25, 904 62
26, 051 64
27,368 20
2, 345, 811 32
2, 671, 002 09
2, 279, 216 00
2,850,541 00
658, 656 88

727, 793 48

74, 467,197 74

75, 796, 799 55

CITY OF C I N C I N N A T I .
12 b a n k s

Loans and discounts $17, 469, 746 87
Bonds for circulation. 6, 084, 000 00
Bonds for deposits . - 1, 013, 000 00
627, 050 00
TJ. S. bonds on hand..
522, 851 05
Other stocks and b'ds
2, 023, 765 51
Due from res've ag'ts
1, 369, 486 88
Due from nat'l banks
703, 501 87
Due from State banks
229, 670 25
Real estate, <fec......
147, 224 95
Current expenses
471, 964 08
Premiums paid
72, 301 46
348, 601 92
Clear'g-house exch'gs
289, 348 00
Bills or other banks..
1,998 41
Fractional currency.
450,197 55
Specie
Legal-tender notes .. 1,163, 956 00
805, 000 00
U. S. cert's of deposit
291, 375 00
Due fromU. S. Treas.
34, 088, 039 80
Total



12 b a n k s

12 b a n k s

12 b a n k s .

$17, 900, 738
6, 084, 000
1, 013, 000
436, 950
900,315
2, 305, 430
1,173, 239
837,159
219, 961
170, 005
474, 718
53, 614
291, 659
470, 666
3,334

35
00
00
00
80
05
51
13
63
25
53
10
58
00
65

$18, 645, 664
6, 084, 000
1, 013, 000
448, 650
984, 235
1, 514, 393
1, 189, 388
756, 371
228,101
99, 578
492, 592
85, 379
328, 049
274, 411
2,188

08
00
00
00
80
78
96
85
92
17
81

624, 738
1, 455, 735
1, 060, 000
285, 275

00
00
00
00

524, 828
1, 269, 289
1, 190, 000
310,175

90
00
00
00

35, 760, 540 58

92
00
12

35, 440, 298 53

12 b a n k s .

$18 280, 358 87 $18, 666, 706 62
5, 585, 000 00
6, 084, 000 00
1, 188,000 00
1,188, 000 00
283, 500 00
304, 500 00
1, 070, 390 89
1, 027,125 32
1, 818, 066 85
2, 235, 212 19
1,173, 925 73
1, 323, 634 90
660, 654 68
701, 747 27
227, 913 42
228, 033 56
88,383 04
182, 777 06
487, 372 94
451, 361 64
67 418 47
63 720
302, 343 58
331, 599 51
227, 343 00
355, 412 00
2,862 52
3,411 27
13 471 00
446,406 00
1, 048, 087 00
1, 160,122 00
1, 976, 285 00
815,000 00
1, 410, 000 00
281, 875 00
254, 670 00
34, 665, 936 99

37, 350, 754 97

REPORT OF THE COMPTROLLER OF THE CURRENCY. 225
by States and reserve

cities—Continued.
TENNESSEE.

DECEMBER 20.

Liabilities.

33 b a n k s .

Capital stock
!
Surplus fund
i
Undivided profits
Nat'l bank circulation':
State bank circulation!.
Dividends unpaid

$5, 035, 300 00

33 b a n k s .

32 b a n k s .

$5,110, 300 00 I U, 942, 500 00
1, 079, 920 39 !
512, 780 71 I

991, 904 89
547,740 07

2, 259, 350 00 ,

2, 257,150 00 j

2, 227, 850 00 |

1, 966 00

8, 462, 532 01
207, 861 62
108, 079 29
540, 086 01

JULY 1.

! OCTOBER 1.

33 b a n k s .

32 b a n k s

$5, 00,000 00

$5, 007, 500 00

1, 006, 264 24
387,122 17

998, 499 82
473, 495 19

2, 214, 750 00

2,114, 010 00

1, 276 00

11, 864 00

1, 476 00

8,521,668 41
9,180, 403 76
215,987 08
187,621 86 ,
72,474 21
91,200 83 j
!
671, 380 25
630, 505 50 j

8, 448, 358 05
208, 314 37
71, 799 07

7, 783, 995 25
212, 754 53
53, 048 19

24, 733 50 |

511, 279 40

850, 234 52

295, 704 34

543, 217 48 j

517,943 01

380,378 10 I

448, 884 32

195, 074 71
12, 000 00

61, 335 83 |
12, 585 50 s

127, 359 63
12,585 50

152, 030 63
26, 585 50 j

447, 885 52
6, 000 00

18, 818, 399 13 ! 19, 691, 755 30 j 18, 850, 669 05

18,418,745 53 j

18,397,783 34

Due to national banks
Due to State banks..
Notes re-discounted..
Bills payable
Total

MAY 6.

1, 066, 106 75
634, 338 40

|

Individual deposits... |
U. S. deposits
j
Dep'ts U.S.dis.officersi

MARCH 10.

O HI

o.
banks.

183 banks

Capital stock
Surplus fund
Undivided profits....
Nat'l bank circulation
State bank circulation

184 b a n k s

183 b a n k s

183 b a n k s

$22 014, 000 00

$22, 044, 000 00

$21 964, 000 00

$21, 984, 000 00

$21, 909, 580 00

4 546, 232 83
1 877,033 25

4,510,812 36
1, 918, 9 J 9 13

4 480, 777 39
1 635, 891 97

4 553, 031 44
1, 448, 402 62

4, 562, 511 02
1, 962, 587 57

13 861, 330 00
4,386 00

13, 743, 255 00
4,376 00

13 619, 780 00
4, 376 00

13 665, 624 0D
4, 376 00

13, 474, 579 00
4,376 00

32,181 60

17, 845 60

54,191 60

109, 910 20

31,660 30

29, 825,168 96
373, 512 48
72, 009 70

30, 778, 960 31
347, 917 94
52, 469 47

29, 833, 708 73
441, 896 05
49,132 49

30 360, 771 80
394, 806 04
36, 841 93

31, 594, 912 37
431, 581 99
52, 869 51

1 080, 539 83

1, 252, 689 10

1 267, 914 17

1 064, 006 09

1 094, 983 03

398, 722 73

481,162 01

438,183 03

422, 874 06

480,119 28

365, 605 00
125, 908 02

322, 637 92
87, 000 00

269, 683 30
137, 893 05

324, 220 23
98, 333 33

163, 706 15
33, 333 33

74 576, 630 40

75, 562, 044 84

74 197, 427 78

74 467, 197 74

75, 796, 799 55

Dividends unpaid
Individual deposits..
U. S. deposits
Dep'ts U. S. dis. officers
Due to national banks
Due to State banks...
Wotes re-discounted..
Bills payable
Total

CITY OF
12 b a n k s .

Capital stock
Sitrplus fund
Undivided profits....
Nat'l bank circulation
State bank circulation

$8 600, 000 00

18c

CINCINNATI.
12 b a n k s

12 b a n k s

$8, eoo, ooo

00

$8 600,000 00

12 b a n k s

12 b a n k s .

$8, 600. 000 00

$8 600 000 00

1, 119,500 00
749,196 18

1,170, 500 00
037, 705 73

1,180, 000 00
552, 936 37

1 206, 000 00
452,104 96

1, 208, 000 00
714, 490 61

5 455, 600 00

5, 392, 000 00

5, 3U6, 800 00

5, 430, 600 00

4, 947,120 00

Dividends unpaid

22, 807 00

3,518 00

46, 671 00

94, 014 00

19,125 00

Individual deposits ..
U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks

11 319, 355 40
870, 000 00

11, 939, 098 42
870, 000 00

12, 438, 700 50
870, 000 00

12 207, 578 08
957, 991 09

14, 060, 803 82
1, 035, 000 00

3, 895, 077 99

4, 711, 978 49

4, 581, 388 34

3, 724, 572 95

4, 691, 568 97

Due to State banks ..

1 653, 503 23

2, 032, 739 94

1, 405, 802 32

1 600, 075 91

1, 681, 646 57

Notes re-discounted..
Bills payable
Total

403, 000 00

403, 000 00

398, 000 00

393, 000 00

393, 000 00

34 088,039 80

35, 760, 540 58

35, 440, 298 53

34 665, 936 99

37, 350, 754 97


5745 OUE

-15

226

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
C I T Y OF C L E V E L A N D .
DECEMBER 20.

MARCH 10

MAY 6.

JULY 1.

8 banks.

8 banks.

8 banks.

8 banks.

$11,529,982 28
655, 000 00
500, 000 00
2,400 00
467,119 12
1, 325, 567 34
1,167,609 14
38T, 406 76
715,515 73
36, 666 71
25, 125 00
34 038 91
143, 711 63
145, 329 00
6, 871 70
112 81
000 00
000 00
575 00

$11, 5R3, 040 70
655, 000 00
500, 000 00
2, 400 00
462, 469 12
1,160, 641 01
1,041,065 97
410. 209 71
714,811 39
121, 688 98
25,125 00
45 916 41
143, 657 17
446, 734 00
3, 583 66
1 100 00
911 225 41
985, 000 00
15, 000 00
31,574 62

18, 831, 031 13

19,221,243 15

Resources.
8 banks.
Loans and discounts $11,284,268 29
Bonds for circulation
555, 000 00
550, 000 00
Bonds for deposits . .
TJ. S. bonds on h a n d . .
2, 300 00
Other stocks and b'ds
485, 376 62
D u e from res've ag'ts
1, 344, 348 38
D u o from n a t ' l b a n k s .
903, 027 33
346, 694 78
Due from State banks
726, 948 49
Real estate, &c
39, 672 30
Current expenses
47,158 75
Premiums paid
43, 993 44
Cash items
97, 308 05
Clear'g-house exch'gs
Bills of other banks..
192, 348 00
4, 677 25
Fractional currency

Trade dollars
Specie
Legal-tender notes ..
TJ. S. cert's of deposit
Due from TJ. S. Treas.
Total

465, 169 55
1,122, 000 00
15,000 00
24,474 50
18, 249, 765 73

$11,193, 507
655, 000
500, 000
2, 300
487, 469
1, 519, 466
809, 273
288, 951
717, 407
118,691
33, 153
45, 346
100, 999
263, 452
8,884

16
00
00
00
12
68
82
14
91
87
75
73
14
00
60

$11, 549, 466
655, 000
500, 000
2, 300
473, 331
1,023,616
1, 016, 665
265, 913
715,752
964
25,125
55, 853
97, 687
346, 958
12, 694

44
00
00
00
62
42
46
57
48
59
00
61
44
00
59

771, 454
877, 000
15, 000
30, 375

21
00
00
00

753, 624
1, 038, 500
15, 000
35, 075

IS
00
00
00

18,437,733 13

18, 583, 528 35

787
857,
15,
29,

OCTOBER 1

INDIA N A.
89 b a n k s .

93 b a n k s .

Loans and discounts.
Bondsfor circulation.
Bonds for deposits ..
TJ. S. bonds on hand..
Other stocks and b'ds
Due from res Ve ag'ts.
Due from nat'l banks.
Due from State banks
Real estate, &c
Current expenses. ...
Premiums paid
Cash 1items
Clear g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit
Due from U. S. Treas
Total

$24, 792, 943 31
8,197, 800 00
850, 000 00
372, 950 00
1, 756, 847 23
3, 003, 020 93
1, 740, 838 24
240, 518 90
1, 270, 102 83
272, 356 62
179,018 86
222, 894 47
78, 310 71
846, 335 00
14, 573 59
1, 693, 564
1, 826, 091
10, 000
358, 052

10
00
00
71

47, 726, 218 50

90 b a n k s

90 b a n k s .

$22,393,1H6 18 $22, 858, 325 93
6, 995, 800 00
7,150,800 00
850, 000 00
850, 000 00
323, 350 00
323, 200 00
1, 504, 658 01
1, 498, 675 10
2, 747, 334 31
3,190, 579 84
1,702,725 34
1,933,683 23
256,647 97
267, 756 70
1, 063, 459 56
1, 083, 470 66
125, 425 00
250, 275 15
172, 102 90
224, 248 40
242, 538 11
203,710 32
69, 495 93
59, 248 91
776,733 00
1,064,254 00
14, 806 69
16, 070 93
1, 781, 824
1, 859, 134
10, 000
303, 774

86
00
00
79

43,193, 006 65

2, 062, 377
1, 860, 000
10, 000
308, 066

55
00
00
70

45, 214, 743 42

90 b a n k s .

$23, 276, 767
7,146, 800
850, 000
323, 850
1, 521, 904
3,105, 037
1,497,797
327, 670
1, 091, 646
67, 152
210, 927
197,416
55, 692
937, 366
16, 055

67
00
00
00
60
29
32
08
49
32
18
76
56
00
76

1, 979, 703
1, 623, 862
10, 000
306, 339

05
00
00
07

$23, 357, 584 51
7, 516, 800 00
1, 050, 000 00
315,350 00
1, 515, 020 00
3, 450, 208 05
1, 768, 900 92
297, 506 35
1,106, 061 09
179, 9nl 98
241, 796 41
268, 284 65
46,859 43
976, 396 00
13,491 78
16 299 40
2 097, 272 27
l | 598, 277 00
10,000 00
335, 616 42

44, 545, 988 15

46,191, 676 26

151 b a n k s .

153 b a n k s .

ILLINOIS.
152 b a n k s .

Loans and discounts.
Bonds for circulation
Bonds for deposits ..
TJ. S. bonds on hand..
Other stocks and b'ds
Duefromres'veag'ts.
Due from nat'l banks.
Due from State banks
Heal estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency .
Trade dollars
Specie
Legal-tender notes ..
XT. S. cert's of deposit
Due from U.S. Treas

150 b a n k s .

151 b a n k s .

$29,122, 459 70 $29, 214,179 49 $30, 059, 644 45
7, 223, 750 00
7, 017, 950 00
7,108, 250 00
845, 000 00
845, 000 00
845, 000 00
429, 950 00
443, 450 00
363, 950 00
2, 089, 093 85
2,152, 914 75
2, 043, 305 12
4, 808, 205 60
5, 825, 305 40
6, 248, 238 60
1, 045, 786 97
1, 399, 690 46
1, 454, 565 09
211,278 77
161, 906 70
226, 567 69
1, 228, 618 58
1, 236, 953 60
1,244,041 84
256, 781 44
198, 581 95
279,432 79
352, 496 21
385, 010 78
365, 237 78
296, 205 65
327, 510 76
279,818 09
29, 671 31
47,791 40
54,146 54
773, 825 00
1,137, 635 00
955, 377 00
16, 525 90
16, 546 51
16, 207 66
1,974,944 51
1, 642,101 00
10, 000 00
334, 517 46

Total
52, 691, 211



95

2, i47, 439 67
2, 214, 251 00
20,000 00
326,711 57

2, 351, 394 88
1,917,635 00
10, 000 00
333, 265 77

55,118, 829 04

56,156, 078 30

$30, 277, 363 22 $30, 947, 481 90
7, 033, 250 00
6, 912, 750 00
845, 000 00
845, 000 00
401, 000 00
333, 450 00
2, 040, 805 87
2,145, 262 04
6, 908, 593 14
5, 348, 092 49
1,170, 392 43
1, 321, 354 11
225, 346 30
176,321 37
1, 250, 265 42
1, 291, 632 46
145, 705 48
193, 302 27
366, 736 37
367, 663 85
327,221 30
312, 612 51
57, 312 92
63, 530 28
931, 832 00
814, 668 00
16, 744 44
15,917 37
2, 785 20
2, 440, 263 49
2, 401, 802 76
1, 637, 231 00
1, 781, 488 00
10, 000 00
10, 000 00
340, 492 07
342, 763 12
56, 533, 622 77

55, 519, 810 41

REPORT OF THE COMPTROLLER OF THE CURRENCY.
by States and reserve cities
CITY
DECEMBER 20.

227

(Jon tinned
OF

CLEVELA N D .

MARCH 10

MAY 6.

JULY 1.

OCTOBER 1.

Liabilities.
8 banks.

8 banks.

8 banks.

8 banks.

$5, 66-i, 100 00

$0, 200, 000 00

$0, 200, 000 00

$6, 200, 000 00

$6, 200, 000 00

Surplus fund
Undivided profits-.

705, 000 00
437, 545 79

545, 000 00
416,270 92

1)29, 000 00
115,358 10

629, 000 00
229, 252 28

629, 000 00
417, 627 67

"NnV\ bank circulation

494,460 00

489, 410 00

589, 410 00

579, 510 00

589, 410 00

Capital s'-oek.

8 banks.

1,753 00

394 00

79, 008 00

3,174 00

205 00

Individual deposits ..
U. S. deposits
Dep'ts U.S.dis.oilicers

8, 225, 299 55
447, 112 93
70, 272 45

8, 482, 996 98
438, 730 23
53, 93L 38

8, 654, 763 16
514. 165 07
16, 372 17

9, 034, 949 86
466, 632 09
14, 755 16

8, 998, 619 71
472, 566 60
12, 315 36

Due to national banks

Dividends unpaid

1, 076, 394 77

793,185 04

771,562 24

719,134 97

889, 651 02

Due to State banks.

763, 489 57

772,814 58

740, 873 07

724, 622 77

881, 847 7»

Notes re-discounted
Bills payable

151 337 67
213, 000 00

245, 000 00

17 016 94
256, 000 00

230, 000 00

130,000 00

18, 249, 705 73

18, 437, 733 13

18, 583, 528 35

38,831,031 13

19, 221, 243 15

Total

INDIANA.
93 b a n k s .

Capital sto;-"k

.

Surplus fund
HJTi;ii vi.-.ie<! profits....

5^M»a!l^'!re-!!vi°n

89 b a n k s

90 b a n k s .

90 b a n k s .

$13, 209, 500 00

$11,734,500 00

$11, 869, 500 00

$11, 889, 500 00

$12,189, 500 00

3, 649, 288 88
1,803,903 53

2,964,715 50
1,061,974 02

2, 966, 797 45
1, 230, 273 57

3, 003. 929 85
951, 393 44

3, 031, 907 59:
1,478,693 51

7,317,430 00

6, 229,120 00

0, 357, 080 00

6, 359, 280 00

6, 734,150 00

Di\ ulemis unpaid

12, 160 37

15,764 49

18, 00-\ 009 08
404, 702 45
200 549 29

18,401,854 44
572, 7.T. 81
07

Due to national banks

1, 273, 855 02

Dae LO State b.mks...

657, 759 83

Notes re-dis:-s*unted..
Bills pavable

S.

•'C;M>V.;*S

i'ornl

90, 466 87

5, 529 39

19, 523, 522 11
' 590, 048 01
243, 5*8 iV\

19,439,240 77
566,031 63
116 324 07

19, 845, 317 11
680,411 34
103,122 26

1,101,739 Gt>

1, 378, 200 10

1, 288, 228 93

1, 258, 344 84

797, 304 84

924, 726 73

711,308 72

763, 276 47

81,000 00
28, 000 00

136, 161 00
13,320 82

81, 745 27
35, 000 00

112,283 87
18, 000 00

97, 423 75
4, 000 00

47,726,218 50

Iudr-\ iuMal deposits -.
r .

14, 261 49

90 b a n k s .

43,193, 006 65

45, 214, 743 42

44, 545, 988 15

46,191, 676 26

IL L I N OIS.
152 b a n k s .

150 b a n k s

151 b a n k s

151 b a n k s

$13, 494, 600 00

$13, -J96, 500 00

$13, 546, 500 00

$13, 579, 600 00

$13, 673, 600 00

Surplus fund
Undivided pro tits

4,202,531 11
2, 071, 623 46

4,086,917 38
1, 703, 244 97

4,131, 302 56
1, 884, 644 38

4,199, 685 02
1, 650,127 76

4,195,183 27
1, 788, 800 71

Nat'l bank circulation
State bank circulation

6, 465, 483 00

6,139, 445 00

6, 322, 515 00

6, 244, 015 00

6,154, 525 00

Capital stock

153 b a n k s .

Dividends unpaid....

22, 987 67

22, 710 00

56, 681 67

124, 847 00

28, 994 50

Iudiwdual deposits U < d-Mt.^s
Deu'ts r.S.«lis.o(iicers

24, 604, 291 84
711,661 63
45,981 15

27, 806, 540 40
743, 133 68
30,124 08

28,147, 818 49
755, 746 59
40, 623 67

28, 462, 967 44
676, 660 32
62, 873 74

27, 693, 719 52
710,460 48
62, 715 16

Due to national banks

393, 388 13

580, 231 36

552, 229 28

727, 587 22

556, 527 09

Due t't State ban!'-*

377, 226 54

531,017 39

557, 859 89

566,313 17

452, 537 75

N< •

270, 137 '12

188,964 78
10,000 00

150,156 77
10, 000 00

143, 946 10
95, 000 00

152,746 93
50,000 00

5."i, 118,829 04

56, 150, 078 30

56, 533, 622 77

55, 519, 810 41.

IMN

s i '-di-i •
•• .

il i •

unted

:r>, ooo oo

. . . .

:>" i; i




.MI

95

228

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 18 84, arranged
CITY

OF

DECEMBER LO.
12 b a n k s .

Resources.

CHICAGO.

12 b a n k s .

I

MAY 6.

JULY 1.

OCTOBER 1.

12 b a n k s .

MARCH 10.

12 b a n k s .

12 b a n k s .

L o a n s and discounts . 139, 944, 425 40 $43, 045,047 04 $42,-580, 177 82 $43,659,503 65 $46, 018, 905 81
1,183, 500 00
1,183, 500 00
»33, 500 00
9J3, 500 00
Bon ds for circuit! tion.
933,500 00
200,000 00
200,000 00
200, 000 00
100, 000 00
Bonds for deposits . .
100, 000 00
1,438,650 00
1,413,950 00
1, 576,000 00
U . S. bonds ou h a n d . .
1, 051,100 00
821, 5.10 00
1,934,031 65
1, 801,345 91
1, 637, 346 02
O t h e r stocks and b ' d s
1, 615,614 30
2, 071, 633 07
5, 391,445 16
6, 622, 633 64
6,269,497 55
D u e from res've a g t ' s .
6, 086,358 42
4, 822, 909 20
4, 004,195 33
3, 912,173 94
34 105 28
D u e from nat'l b a n k s .
3, 443,015 17
2,181,497 55
1, 704, 323 49
1, 922,292 90
1, 973, 849 27
D u e from State b a n k s
1, 926,784 62
1, 643, 829 70
681, 159 61
200, 637 37
684, 898 87
199, 573 58
246, 530 42
Heal estate, &c
31,114 85
6, 702 99
52, 601 62
49, 666 04
50, 919 09
C u r r e n t expenses
110, 875 95
140,103 20
29, 500 00
51, 199 51
61,561 10
Premiums paid . . . . i
18, 484 70
26,240 04
21, 949 37
19, 906 06
52, 373 55
Cash i t e m s
I
4, 645, 655 05
4, 994, 571 28
3, 279,547 65
2, 764,869 94
2, 557, 568 98
Clear'g-houseexch'gs!
996, 495 00
2, 028, 772 00
2, 610,846 00
1, 169,242 00
1, 078,273 00
Bills or other b a n k s . . '
5, 747 66
5, 363 16
10, 473 85
3,193 24
5, 736 56
Fractional currency.
2 40
T r a d e dollars
9, 403, 694 05
9, 673, 253 80
7,446,475 15 I 7,479,301 60
8,487,355 78
Specie
|
5,191,100 00
8, 202, 945 00 7,171, 042 00
Legal-teuder notes . . i 5, 747, 074 00 j 5, 625, 812 00
960,000 00
720, 000 00
530, 000 00 i
820, 000 00 |
760, 000 00
U. S. c e r t ' s of deposit.:
80,257 50
102,757 50
120.007 50 I
124, 307 50
114, 807 50
D u e from U. S. T r e a s .
Total

.

70,413,3210]

76,515,77163

81,517,793 92

85, 843, 871 41 | 85,190, 480 55

MI CHIG AN.

$20, 765, 052
4, 210, 000
50, 000
61,550
628, 773
2, 979, 239
487, 422
133, 040
974, 860
210, 061
150,452
195, 984

97 b a n k s

97 b a n k s .

97 b a n k s .

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.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Gash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Specie
....
Legal-tender notes ..
XI S cert's of deport
Due fromU. S. Treas
Total

39
00
00
00
26
53
23
69
47
22
43
15

$21, 035. 561
4, 105 000
50, 000
80,150
520,526
3 260, 556
705,851
102,777
898, 740
119, 846
149, 574
190, 525

07
00
00
00
24
81
25
42
20
83
79
23

$21, 953, 449
3, 985, 500
50, 000
75,150
529, 113
2, 362,161
562, 474
119,392
913, 286
184, 207
165, 760
190, 816

97 b a n k s .
60
00
00
00
09
74
54
92
60
68
43
69

97 b a n k s .

$21,801,433,73 $21, 465, 802 85
3,935,500 00
3, 958, 000 00
50, 000, 00
50, 000 00
78, 000 00
352, 550 00
477,987 23
607, 339 69
2, 885, 722 68
4,151, 874 90
513, 539 67
598,185 47
100,40(5 30
108, 708 11
929, 864 85
934, 005 59
42, 181 02
156, 082 99
161,770 75
218, 441 62
182, 653, 98
218,987 32

525, 014 00
11,020 70

425, 031 00
15,777 70

539, 064 00
16, 275 30

518,716 00
11,817 56

1,461, 587 64
873,163 00

\ 573, 843 15
755, 545 00

1, 586, 474 54
777, 263 00

1, 507, 978 36
752, 615 00

498,
11,
3,
1, 616,
795,

361
544
638
226
222

00
75
60
?4
00

199,165 89

192,473 64

190, 386 44

195,123 09

185, 908 24

33, 916, 387 60

34 , 181, 780 33

34, 200, 776 63

34,195, 310 22

35, 930, 879 37

5 banks.

5 banks.

C I T Y OF D E T R O I T .

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 Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency
Trade dollars
..
Specie
Legal-tender notes ..
X S cert's of deposits
T
Due from U. S. Treas.

$7, 922, 684 32.
883, 400 00
500, 000 00
35, 000 00
64,175 00
1, 593, 443 17
1,137, 829 04
163,147 90
90, 664 73
38, 071 80
100, 000 00
22,133 4V,
169, 054 98
162, 468 00
17, 647 70
895,199 ?0
594, 283 00
60, 988 37

14,450,190
Total



5 banks.

5 banks.

5 banks.

63

$8,170,644
883, 400
500, 0 0
35, 000
63, 942
1, 497, 902
1,097,762
200, 641
90, 664
42, 737
95, 000
39, 663
183, 829
77, 280
13, 377

25
00
00
00
80
49
36
60
73
93
00

n

72
00
76

874, 032 37
573, 670 00

34
00
00
00
80
32
92
63
73
00
00
38
23
00
14

$8, 205, 541 74
733, 400 00
800, 000 00
35, 000 00
52, 075 00
1,180,586 82
678, 737 82
164, 640 27
90, 664 73
10, 425 01
159,125 00
52, 798 67
262,168 45
131, 088 00
7,133 27

911, 314 75
650, 534 00

922, 251 16
466, 665 00

$8,406, 422
833, 400
500, 000
35, 000
63, 942
1, 039, 727
785, 212
167, 889
90, 664
20, 566
92, 000
19, 770
122, 916
162, 624
8,548

$8, 513, 281
500, 000
500, 000
100, 000
3, 425
1, 651, 337
1,331,389
223, 663
90, 664
18, 699
125, 375
43, 853
218, 843
100, 825
14,189

77
00
00
00
00
90
73
36
73
29
00
94
89
00
15

987,487 75
662, 266 00

54, 349 40

52, 498 80

40,450 00

34, 500 00

14,493, 899 15

13, 963, 032 04

13, 992, 750 94

15,119, 802 51

REPORT OF THE COMPTROLLER OF THE CURRENCY.
by States and reserve cities

Con tinned.

C I T Y OF
DECEMBER 20.

229

CHICAGO.
MAY 6.

MAliCH 10.

JULY 1.

OCTOBER 1.

Liabilities.
12 b a n k s
Capital stock .
Surplus fund
Undivided profits

12 b a n k s .

12 b a n k s

12 b a n k s

$10, 550, 000 00

$11, lf>0, 000 00

$11, 725, 400 00

$11, 750, 000 00

$11, 750, 000 00

3, 040, 0(0 00
1, 884, 838 75

2, 890, 000 00
858, 930 39

2, 640, 000 00
737, 953 99

2, 656, 600 00
576, 814 03

2, 691, 600 00
692,660 39

745, 350 00

674,150 00

658, 550 00

623, 450 00

722, 850 00

1,399 00

2, 809 50

4,430 00

209, 029 00

64, 002 00

32, 222, 828 75
66, 966 71

34,311,167 40
58, 900 87

36, 826, 970 86
144, 595 09

39, 518,157 28
124, 822 54

40, 970, 738 93
145, 079 72

13, 215, 712 71

15, 452,172 23

17,061,545 32

17,918,261 73

N a t ' l bank circulation
State b a n k circulation
Dividends unpaid
Individual d e p o s i t s . . .
U. S. deposits

12 b a n k s .

D e p ' t s U. S. dis. officers
Due to national b a n k s

8,686,225 09 ; 11,117,641 24 | 11,718,348 66 I 12,466,736 83 j

17, 039, 310

6e

11,114,238 85

D u e to State b a n k s . . .
Bills payable.
Total

70,413,321 01

76,515,771 63

81,517,793 92

85,843,871 41

85,190, 480 55

MI CHIGAN.
97 banks.

97 b a n k s .

97 b a n k s .

$9,997,100 00

$10,075,100 00

Surplus fund
Undivided profits

2,174, 581 24
1, 481, 294 01

1, 962, 894 31
1,013,960 17

1,860,894 31
1, 225, 060 68 I

1, 882, £30 79
816,116 52

1, 864,192 87
1,107, 596 81

!N"at'l bank circulation
State bank circulation

3, 715, 215 00

3, 542, 240 00 I

3, 475, 490 00 j

3, 510, 440 00

3, 479, 715 00

Capital stock.

|

97 b a n k s .

|

97 b a n k s .

$10,174,200 00 | $10,167,200 00

217, 285 70 |

$10,194, 600 00

24, 038 60

Dividends u n p a i d . . .

10, 235 47

20, 065,17

16,403 00

Individual d e p o s i t s . .
U. S. deposits

15, 989, 288 06
31,132 37
2, 886 85

16, 665, 842 35
33,261 86
5, 834 01

16, 504, 363 55
48,426 14
3, 463 21

189, 739 36

496, 235 32

272, 798 26

251, 509 78

263, 085 50

200, 713 46

316, 673 09

331, 349 20

264, 714 01

272, 791 74

119, 200 78
5, 000 00

49, 674 05

283, 328 28
5, 000 00

326, 846 97
5, 000 00

114,970 15

33,916,387 60

34, 181, 780 33

34, 200, 776 63

D e p ' t s U.S.dis.officers
D u e to national b a n k s
D u e to State b a n k s . .
Notes re-discounted..
Bills payable
Total

16, 716, 337 61 !
35, 962 54 !
1, 066 30

34,195, 310^2 |

18, 575, 061 34
30, 200 99
4, 626 37

35,930,879 37

C I T Y OF D E T R O I T .
5 banks.

5 banks.

5 banks.

5 banks

5 banks.

oo

$2, 650, 000 00

$2, 650, 000 00

$2, 650, 000 00

$2, 900, 000 00

Surplus fund
Undivided profits

240, 000 00
484,175 80

260, 000 00
434, 779 42

263, 000 00
416, 447 51

325, 000 00
349, 934 24

330, 000 00
211, 216 9&

N a t ' l b a n k circulation
State bank circulation

719, 700 00

678, 300 00

655, 400 00

601, 665 00

371, 265 00

Capital stock

137 50

75 00

542 50

51, 550 00

25, 075 00

7, 210, 239 79
254, 213 55
215, 251 55

6, 999, 066 34
235, 845 35
221, 950 91

6, 784, 267 54
276, 451 15
255, 024 96

6,154,142 12
241,428 80
231,107 46

7, 313, 737 43
220, 365 8fi
169, 537 57

Dividends unpaid
Individual deposits . .
U. S. deposits
D e p ' t s U.S.dis.officers

$2, 900, 000

D u e to national b a n k s

1,192, 066 82

1, 372, 484

as

1,125,120 34

1,564,038 91

1, 658, 864 01

D u e t o State b a n k s - .

1,484,405 62

1, 641, 397 80

1, 536, 778 04

1, 573, 884 41

1, 919, 740 69

14, 450,190 63

14, 493, 899 15

13, 963, 032 04

13, 992, 750 94

15,119, 802 51

Notes re'discounted
Bills payable
Total




230

REPORT OF THE COMPTROLLER OP THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
WISCONSIN.
DECEMBER 20.

Resources.

47 banks.

47 banks.

46 b a n k s .

$9,096,421 14
Loans and discounts
$9, 047,146 14
1,821,750 00
Bonds for circulation
1,815,750 00
Bonds for deposits . . |
100,000 00
100, 000 00
U . S. bonds on h a n d . . J
32,700 00
41,250 00
Other stocks and b'ds
488, 018 55
481, 755 44
D u e from res've ag'ts
1, 658, 507 58 I 2, 317,120 05
D u e from n a t ' l b a n k s
318,914 43
369,104 37
D u e from State b a n k s
88,318 50 |
107, 608 81
Heal estate, &c
317, 932 38
341,777 15
111,682 21.
C u r r e n t expenses
49, 382 83
104, 250 42
P r e m i u m s paid
104,741 87
65, 393 94
Cash items
5 1 960 70
.,
Clear'g-bouse exch'gs .
Bills of other b a n k s . . \
259,031 00
221,281 00
Fractional currency7, 960 38
7, 766 50
T r a d e dollars
."., |.
Specie
•
817, 9(»7 21
88S.01.8 68
442, 669 00
Legal-tender notes . . !
410, 870 00
U . S. cert's of deposit. i.
D u e from U . S . T r e a s . j
' 82, 697 00
"85," 725" 67"
Total

$9,366,081 59
1, 815, 750 00
100, 000 00
37, 600 00
548, 583 92
2,142, 106 73
338, 480 41
105, 877 02
341, 704 80
78, 968 80
103, 556 20
69, 593 92

$9, 520, 956 27
1, 775, 750 00
100, 000 00
18, 950 00
565, 749 04
1, 895, 996 08
330, 980 09
102, 599 67
340, 793 96
10,023 74
89, 350 97
81, 402 30

$9,663,255 60
1, 753, 250 00
100, 000 00
128,400 00
575, 517 90
1, 853,155 20
595, 180 31
] 60, 899 00
345, 703 58
55,251 48
90, 063 96
64, 660 92

249, 649 00
7,711 00

228, 316 00
7, 463 80

910, 514 82
429, 174 00 :

859, 233 85
385,185 00

385,111 00
7, 696 92
1, 198
908, 845 05
384, 582 00

" 80, 439 io" i

"*77, 857"65*

""94,'295 70

15,817,182 41 | 16,438,230 54 I 16,731,791-31 j 16,390,608 42 j 16,967,066 62

CITY OP

MILWAUKEE.

3 bants.
_L
$3, 074, 556 24 | $3, 207, 948 40
Loans and discounts
$3,173, 605 66
610, 000 00 I
500, 000 00
Bonds for circulation
500,000 00
550, 000 00 I
550, (00 00
Bonds for deposits . .
550, 000 00
4, 000 00 I
U. S. bonds on hand..
11,750 00
5, 900 00
327, 933 25 j
Other stocks and b'ds
428,821 68
281, 836 81
642,438 20 \
Due from res've ag'ts
581, 192 09
579, 313 64
416,013 04 f
D u e from nat'l banks
515, 700 00
885,783 50
Due from State banks
49, 488 35 I
76, 744 06
117, 728 44
120, 000 00 !
120, 000 00
120, 000 00
Real estate, &c
10,488 13 i
10, 852 27
8,691 35
"Current expenses
1, 119 43
Premiums paid
1, 993 00
443 52
1, 131 79
Cash items
114,043 98
161, 340 83
99, 535 71
Clear' g-house exch'gs!
21, 225 00
36, 550 00
Bills of other b a n k s . . '
40, 568 00
2, 134 11
Fractional currency.
2, 498 71
1,410 30
Trade dollars . . . . . ' . .
Specie
583, 463 00 I
726, 364 00
858, 677 37
Legal-tender notes . .
518. 972 00 I
405, 377 00 j
387, 490 00
U. S. cert's of deposit
D u e from U. S. Treas
22, 500 00
40, 750 00
27,500 00 !
3 banks.

Total

|

! 7,153,414 9 4 !
J

3 banks.

7, 300, 460 71 !

7,631,997 81

3 banks.

3 banks.

$3, 379, 084 35
500, 000 00
550,000 00
2, 050 00
434, 380 25
709, 358 88
1, Oio, h33 76
53, 595 35
120,000 00

$3, 956,083
500, 000
550, 000
1, 000
491, 442
767, 759
604, 466
4b, 596
120, 000
6, 207
224
5, 135
398, 700
17, 307
2, 258

261 93
1, 062 Oi
360, 500 65
34, 065 00
2,987 04
700, 469 00
400,317 00

25
00
00
00
55
20
84
59
00
50
50
29
99
00
89

646,450 00
472, 021 00

25, 500 00

28, 500 00

8, 289, 465 24 |

8, 614, 753 60

IOWA.
122 b a n k s

124 banks.

126 b a n k s .
$20,260,713
4,531,000
350, 000
36, 700
1,155, 265
3,409,311
1,705,895
213, 727
1, 455, 061
277, 283
241, 136
237 615

125 banks

75 $20, 185,236 51
00
4) 393, 500 00
00
350, 000 00
00
37, 000 00
82
1, 101, 084 24
07
118,252 07
3,
16
1, 891,947 62
61
241,020 31
80
1 462, 230 66
42
142, 556 50
25
237, 476 00
73
256, 717 82

125 b a n k s .

Loans and discounts. $20,192, 578 74
Bonds for circulation
4 516,000 00
Bonds for deposits . .
350, 000 00
II. S. bonds on hand
35, 350 00
1 059, 863 31
O t h e r stocks and b'ds
D u e from res've ag'ts
2 256, 935 84
940,007 29
D u e from nat'l b a n k s
238,170 00
D u e from State b a n k s
Real estate, &c
1 422,498 15
258, 549 96
C u r r e n t expenses
P r e m i u m s paid
253, 860 84
Cash items
217 427 49
Clear'g-b on se exch'gs
521, 533 00
Bills of other b a n k s . .
11,974 28
Fractional c u r r e n c y .
T r a d e dollar's
887, 007 *H
Specie . . . .
I 223, 150 00
Legal-tender notes
U. S cert's of deposit
212,684 60
Due from U. S. Treas

$19,954,025 65
4, 506, 000 00
350, 000 00
30, 000 00
1,151,154 33
3,097,951 47
1, 550, 498 75
228, 693 78
1, 429, 983 80
174, 155 32
240, 925 48
267 017 76

210,551 28

214, 742 93

211,019 83

202, 481) 33

34, 597, 680 80

36, 534, 220 75

37, 512, 731 98,

36,615,469 20

36, 844, 522 70

Total




687, 737 00
12, 505 34

669,1H3 00
14,036 52

556,169 00
12, 635 66

1,283.455 79
1,353,505 00

1,449,417 93
1,291,641 00

304, 812 98
I, 113,810 00

i,

$21. 324, 486
4,301,000
350, 000
33, 200
1, 008, 488
2, 739, 833
1,431,403
249,616
1, 483, 858
223, 983
224, 450
273, 190

47
00
00
00
33
63
73
78
09
37
96
35

600, 040
11. 619
1 373
1,218,851
1,166,647

00
51
15
00
00

REPORT OF THE COMPTROLLER OF THE CURRENCY

23J

by States and reserve cities—Continued.
WIS

CONSIN.

DECEMBER 20.
47 banks.

47 banks.

MAY 6.

JULY 1.

47 banks.

46 banks.

MARCH 10.

OCTOBER 1.

Liabilities.
Capital stock

j $3, 780, 000 00 | $3, 795, 000 00
875, 859 47
357, 475 44

879, 782 53 !
456, 518 63 i

898, 578 13
305,198 82

921,607 63
410,182 11

1, 619, 633 00
•

Nat'l bank circulation'
State bank circulation

1, 594, 393 00

1,602,228 00 I

1,562,128 00

1, 517, 078 00

j

8, 77 4, 480 86
79. 160 77
7,480 73

Due to national banks;

29, 991 68

Due to State banks . . I

27, 562 16

Notes re-discounted..!
Bills payable
|

73, 177 70

| 15,817,182 41

CITY

1, 921 30

845 30

1, 628 30

Individual d e p o s i t s . . . ;
U. S. deposits
j
Dep'ts U.S.dis.officers

Total

$3, 785, 000 00

874, 489 18
549, 572 03

Surplus fund
Undivided p r o f i t s . . . . j

Dividends unpaid

47 banks.

$3, 770, 000 00 ! $3, 735, 000 00

12, 645

I
30

9, 594,174 58 ! 9, 766, 000 93 i 9, 685, 958 63
85, 367 71 i
113,60.* 66 !
86, 081 95
6,608 72
5, 787 6'
.)
5, 162 71
15,556 85 j
32, 685 85 j
21,905 54
70, 451 01 I
72, 764 30 •
65, 099 34
42,498 40 j
30, 498 46 '
12, 850 00
16,438,230 54 j 16,731,791311

OF

10,390,608 4 2 '

835 30
10,132, 395 94
80, 063 55
6, 046 01
31, 651 00
55, 072 80
27,134 28
16,907,066 62

MILWAUKEE.

3 banks.
Capital stock

3 banks.

3 banks.

3 banks.

$650, 000 00

j

$fi50, 000 00

$650, 000 00

$650, 000 00

$650, 000 00

3 banks.

Surplus fund
|
Undivided profits . . . ]

310, 000 00
132, 168 15

340,000 00
105, 672 96

840, 000 00
124, 995 05

340, 000 00
109, 416 41

34 \ 000 00
149, 246 45

Kat'l bank circulation]
State bank circulation .

544,000 00

447,000 00

447, 000 00

446,000 00

448, 400 00

4,251,991 62
354,515 5L'
174, (ill 49

4, 856, 122 77
271. 909 86
210, 700 73

5,140, 854 90
264, 657 61
221,800 27

Dividends unpaid - . . . j
3, 987, 003 35 |
803, 344 47 '
1<)3, 084 90 ;

Individual deposits .. |
U. S. deposits
j
Dep'ts U.S.dis. officers

3, 874, 931 81
365, 109 61
145. 627 31

678, 392 85

958,843 31

851, 978 56

916, 341 98

985, 779 12

355, 421 22

413, 275 71

436, 905 57

488, 969 49

414, 515 25

7,631,997 81

8,289,465 24

8, 614, 753 60

Due to national banks;
Due to State b a n k s . . . '
Notes re-discounted, j
Bills pay abb;
\.
Total .

7,153,414 94 j

7,800,460 71 I

IOWA.
122 b a n k s .

124 banks.

126 banks.

125 banks.

$10,105, 000 00

$10,167, 400 00

$10, 290, 000 00

$10,155, 000 00

$10,155, 000 00

Surplus fund
Undivided p r o f i t s . . . .

2,203, 126 46
1,381,457 04

2,278,090 17
1, 067, 795 71

2, 300, 290 17
1, 247, 870 41

2, 299, 542 98
1, 073, 241 14

2, 290, 504 47
1,144, 696 56

Nat'l bank circulation
State bank circulation

4,019,131 00

3, 999, 799 00

4, 007, 591 00

3, 876, 776 00 !

3, 813, 858 00

Capital stock

Dividends unpaid

18, 859 82

Individual d e p o s i t s . . . I 14, 890, 837
248, 465
U. S. deposits
!
62, 377
Dep'ts U.S.dis.officers
473, 757
Due to national banks j
721,834
Due to State b a n k s . . . |
434,834
Notes re-discounted.. |
Bills payable
j
88, 000
Total

78
37
32

27, 543 43
16, 439, 981 57
277,391 03
44,169 02

100,174 53
16, 565, 386 42 !
264,251 82 ]

19, 516 13
17, 053, 775 48
275, 590 21
58, 933 50

61, 102 49 |
01 [

769, 645 62

87 j

I
1, 266, 470 59 '

13 '
00

148,334 75
47, 509 m

j 34, 597, 680 80 | 36, 534, 220 75




29, 637 42
17, 070, 790 59
234, 702 17
44, 208 71

125 banks.

775, 679 63
1, 398, 473 92
93, 203 40
20, 28!) 56

799,441 47
1,271,523 54
128,789 25
20, 2H9 56

37,512,731 98 j 36,615,469 20

651, 624 92
1,110,999 35
240, 024 08
30, 0(i0 00
36,844,522 70

232

EEPOET OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reportssince September 30,1884, arranged
M I N N E S O T A.
DECEMBER 20.

Kesources.

MARCH 10.

44 banks.

44 banks.

Loans and discounts. $13,175, 807 43 ' $13, 323, 478 30
Bond s for circulation. 1, 568, 000 00 j 1, 568, 000 00
Bonds for deposits...
5,1C0 00
5, 000 00 !
"U. S. bonds on hand.. j
225,847 18
231,744 69
Other stocks and b'ds1
Due from res've ag'ts. i 1,243, 128 77 ;j 1,122, 505 98
822, 548 36
743, 747 40
Due from nat'lbanks.!
142, 030 53
161,500 29
Due from State banks;
562, 3.3 07
549, 009 57
Real estate, &c
124, 560 70
134, 313 75
Current expenses
78, 876 47
79, 526 59
Premiums paid
156,682 53
218, 02y 17 !
Cash items
Clear'o--house exch'gs
430, 504 00
277, 295 00
Bills of other banks..
4,750 50
3, 344 06 j
Fractional currency .
Trade dollars
Specie
580, 654 89
688, 736 80
Legal-tender notes ..
565, 825 00
481, 499 00
U. S. cert's of deposit
80, 821 69 i
76, 296 70
Due from U.S.Treas
Total

I 19, 770, 987 30 I 19, 660, 531 12

CITY
6 banks.
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'lbanks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit
Due from U.S.Treas
Total

$11, 283, 356
550, 000
500, 000
100
554, 680
1, 229, 602
217, 495
145, 012
428, 556
58, 681
32, 497
24 630
152, 371
359, 493
2,597

773 031 41
334,140 00

44 banks.

43 banks.

43 b a n k s .

$13, 782, 997 27

$14, 697, 450 75

5,100 00
229, 972 80
1,124, 158 74
974,130 44
170,078 32
548, 758 84
178,112 35
81, 198 08
204, 662 96

5, 300 00
5, 200 00
270, 023 30
272, 978 60
1, 354, 938 53 1, 420, 290 97
1, 380, 749 83 1,107, 652 05
203, 850 46
] 95, 628 87
531, 388 60
585, 898 34
37, 439 70 !
90, 027 25
76, 150 86 !
76, 463 16
256,441 15 '
458, 44G 20

184,186 00 I
3, 388 14 I

299, 7U6 00
3, 342 97

745, 589 68
325, 605 00

675 439 90 :
6f9 026 00

284, 985 00
3, 509 87
313 60
794, 336 83
511, 951 00

75, 666 00

74 979 00

72, 980 30

19, 788, 465 66 I 21,134, 773 57 : 22,141,112 79

PAUL.
6 banks.

6 banks.

$11,255,664 73 $12, 301, 391 27
550, 000 00
550, 000 00
500,000 00
500, 000 00
100 00
100 00
488, 515 33
670, 827 28
1,757,674 19
1, 478, 398 74
113, 291 51
209, 674 93
192,826 69
134, 084 13
454,120 10
517, 533 23
57, 989 53
80, 045 04
31, 592 46
22, 262 46
19 041 56
10 427 85
114,163 45
265, 328 52
136,111 00
119, 826 00
3, 883 36
4,191 07
789 354 19
138, 479 00

OCTOBER 1.

$13,357,958 31
1, 580, 500 00

OF ST.
6 banks.

49
00
00
00
31
70
96
32
15
37
46
08
56
00
73

JULY 1.

810 199 71
125, 736 00

6 banks.

$12, 849,172 09
550, 000 00
500, 000 00
200 00
485, 336 00
1, 551, 503 51
152, 742 73
156,103 36
545,180 09
352 08
22, 283 41
43 573 46
262, 273 90
231,495 00
3, 657 40

$13, 474, 671 98
550, 000 00
500, 000 00

831 819 39
215,417 00

756 837 59
390, 502 00

331, 548
1, 095, 283
253, 708
292, 443
554, 148
34, 712
22, 390
41 674
305, 966
197, 561
5,147

89
38
09
53
71
27
96
89
00
73

34, 905 42

41, 299 42

24,998 82

23, 793 42

32, 326 22

16,681,151 96

16, 826, 418 47

17, 642, 713 10

18, 424, 902 77

18, 838, 923 81

MISSOURI.
34 b a n k s

Loans and discounts $6, 846, 265 83
Bonds for circulation. 1, 358, 600 00
100, 000 00
Bonds for deposits ..
61,250 00
TT. S. bonds on hand..
827, 079 08
Other stocks and b'ds
788, 929 02
Due from res've ag'ts
228, 502 66
Due from nat'lbanks
204, 721 17
Due from State banks
305, 958 9f>
Heal estate, &c
91,629 96
Current expenses
75, 423 03
Premiums paid
67 969 04
Cash items
75, 584 79
Clear'g-house exch'gs
Bills of other banks..
216, 355 00
Fractional currency
2,173 12
Trade dollars
424 743 39
Specie
404, 853 00
Legal-tender notes ..
{J S cert's of deposit
69, 355 20
Due fromU.S.TreasTotal
12,149, 393 24



35 banks.

35 b a n k s

35 b a n k s .
$7,162, 797
1, 401,100
100,000
57, 400
768, 715
878,144
342, 736
221, 073
357, 581
71, 282
82,196
79 259
32, 968
260, 237
2,603

30
00
00
00
47
37
02
72
25
30
34
93
68
00
37

421 226 3?
429, 397 00

$7,106, 357
1,334,150
100, 000
60, 750
711,265
957, 091
297, 635
235, 830
342, 002
83, 760
84, 990
70,180
93, 270
358, 843
2,326

70
00
00
00
43
03
02
72
18
90
63
79

20

00
80

516 988 57
427, 556 00

$6, 866, 992
1, 363, 600
100, 000
58, 900
663, 749
1, 289, 645
382, 394
321, 678
321,106
33, 442
100, 981
77, 750
143, 063
248, 003
2,211

36 b a n k s .
49
00
00
00
61
21
00
97
94
96
98
9.?

29
00
71

576, 881 95
399, 597 00

$7, 269,131 59
1, 428, 600 00
100, 000 00
35,950 00
601, 057 10
1, 044, 343 38
294, 685 32
288, 667 63
353,213 94
54,267 90
94,194 73
55 416 48
135, 924 02
263, 212 00
2, 345 43
497 55
484 168 96
377, 050 00

67,146 00

63, 832 40

62, 558 00

66, 333 00

12, 735, 865 07

12, 846, 831 37

13, 012, 557 33

12, 949, 059 03

REPORT OF THE COMPTROLLER OF THE CURRENCY. 233
by States and reserve cities—Continued.
MINNESOTA.
MARCH 10.
41 banks.

44 banks.

43 b a n k s .

j $6, 060, 000 00

Capital stock

$6, 083,181 00

$6,137, 742 00

$6, 090, 000 00

750,811 06
809, 053 39 j

813,758 87 |
1)00,193 95

1,404,349 00 '
Nat'l bank circulation \
State bank circulation [ •

1,401,049 00 j

Surplus fund
i
Undivided profits.... j

Dividends unpaid

JULY 1.

MAY 6.

I DECEMBER 20.
I
44 banks.

Liabilities.

!

Individual deposits... I
U. S. deposits
|.

6,102 19 j

11, 865 83

9, 036, 070 15 •

9, 372, 903 02

OCTOBER 1.
43 b a n k s .
$6,190, 000 00

830, 933 87
477, 659 48

850, 233 87
657, 994 26

1,415,616 00

1,401,576 00

1, 405,176 00

8,159 05

149, 682 36

814, 908 87
744, 879 41

9, 556, 896 95 j 10, 982, 407 21

6, 553 34
11, 385, 970 65

Dep'ts U.S.dis.officers
446, 385 76 j

510, 962 31 I

482, 564 30 !

603, 946 33

649, 033 10

636, 926 22

294, 820 18 I

282, 865 88 |

385, 772 71

709, 978 52

611,287 53 |
10, 000 00 I

559, 736 96 |
12, 01)0 00 |

339, 833 20
5, 000 00

207, 795 61
5.000 00

252,173 05
34, 000 00

19,770,987 30 ; 19,660,531 12 j 19,788,465 66 j 21,134,773 57

22,141,112 79

I

Due to national banks
Due to State banks-.
Notes re-discounted .
Bills payable
Total .

CITY
6 banks.
Capital stock

!

OP S T . P A U L .
6 banks.

6 banks.

I

6 banks.

| $5, 200, 000 00 { $5, 200, 000 00 , $5, 200, 000 00 j $5, 200, 000 00

Surplus fund.
Undivided profits

974, 000 00 j
602, 994 64 j

986, 000 00
411, 629 95 ;

989, 200 00
560, 554 45

Nat'l bank circulation
State bank circulation

495, 000 00 i

490,100 00 I

487, 600 00

1, 000, 500 00
361, 369 67
483, 300 00

6 banks.
$5, 200, 000 00
1, 001, 600 00
546, 224 32
479,400 00

1, 435 00

102,192 00

8,163 00

6, 963,159 40
134, 644 72
261, 810 88

7, 469, 748 58
144, 824 55
296, 879 93

7, 285, 396 08
88, 372 80
322, 914 05

8, 265, 325 80
118, 513 62
261, 685 54

866, 803 30

1,044,410 87

946, 493 74

Dividends unpaid
Individual deposits . .
U. S. deposits

1,139, 914 60

1, 267, 839 96 1,702,005 64
!
1, 092, 848 78 j 1, 614, 249 62

435 00
7, 078, 367 06
97,124 14
387, 734 54

1,742 00

Dep'ts U.S.dis.officers
Due to national banks
Due to State b a n k s . . .
Notes re-discounted. .
Bills payable

Total .

28, 812 90
3,386 64
16, 681,151 96

193, 006 05

131, 781 85 |

16, 826, 418 47 17, 642, 713 10

1,382,332 77
1, 314, 756 54

264, 602 SI

260, 922 22

18, 424, 902 77

18, 838, 923 81

MISSOURI.
35 b a n k s

35 b a n k s

34 b a n k s .

Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

35 b a n k s .

36 b a n k s .

$3, 065, 000 00

$3, 265, 000 00

$3, 265, 000 00

$3, 277, 000 00

$3,311,000 00

604 860 15
487, 693 92

637, 748 16
381, 937 99

604, 498 16
446, 740 73

601, 054 39
279, 618 95

623, 425 08
320, 412 29

1, 215, 673 00

1, 248, 508 00

1,171, 908 00

1,198, 658 00

1,251,648 00

650 50

959 50

4,639 69

21, 649 00

19, 994 00

5, 376, 075 84
72, 846 87
18, 518 94

5, 927, 697 65
62, 627 07
18, 739 32

5, 917, 536 39
107, 502 48
17, 590 96

6, 012, 663 89
65, 492 87
16, 269 45

5, 972, 242 24
81, 582 35
4,756 95

225, 922 92

237, 618 08

325, 081 06

427, 872 88

385, 402 37

Due to State banks...

656,110 25

761, 549 97

831, 833 90

1, 029, 777 90

809, 995 75

Notes re-discounted..
Bills payable

367, 045 85
59, 000 00

193, 479 33

129, 500 00
25, 000 00

47, 500 00
35, 000 00

113, 600 00
55, 000 00

12,735,865 07

12, 846, 831 37

13, 012, 557 33

12, 949, 059 03

Individual deposits...
U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks

12,149, 398
Total



24

234

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Abstract of reports since September 30, 1884, arranged
C I T Y OF S T .

LOUIS.

DECEMBER 20.

Resources.
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'lhanks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items . .
Clear'g-house exch'gs
Bills of other banks..
Fractional currency .
Trade dollars
Specie
Legal-tender notes -.
U. S. cert's of deposit
Due from U.S.Treas.
Total

MAliCH 10

MAY 6.

JULY 1.

6 banks.

6 banks.

6 banks.

6 banks.

$8, 548, 587 30
760,000 00
. 250, 000 00
6, 050 00
364,861 93
837,381 99
680, 892 36
273,785 64
199, 280 48
108,105 38
17, 832 93
36, 0d8 76
559, 826 3t>
168, 790 00
5, 505 80

$8, 630, 444 98
760, 000 00
500, 000 00
3, 350 00
403, 825 94
960, 506 95
629, 800 31
293,867 26
19'K 280 48
66, 108 55
71,270 43
24. 256 45
475,445 13
234, 7(>2 00
. 3, 132 46

$8, 3?0, 094
760, 000
500,000
4, 600
451, 465
1,191,188
915.265
161, 172
214,280
76, 729
71, 270
77, 5(55
500, 905
578, 401
2,112

55
00
00
00

1,210,185
1,586,915
2lo, 000
47, 695

936,979 15
901,881 00
120,000 00
41,195 00
14,816,904 08

1, 033, 207
712,536
120 00')
40, 195

15, 167, 989 49

33
00
00
00
76
98
91
03
48
18
43
Hi)

80
00
81
Q5

00
00
00

] 6, 939, 908 46

$8, 488, 775
860, 000
500, 000
9, 250
567, 040
1, 123, 645
749, 387
137,831
212, 621
19, 387
33, 939
61,771
696, 069
214, li()3
1, 676
1, 48-\
998,
250,
34,

303
830
000
195

OCTOBER 1
6 banks.
89
00
00
00
29
01
79
83
73
43
18
7tt
53
00
81

$9, 202, 786
860, 000
500, 000
2, 650
569, 187
1,263, 818
414, 136
170, 295
213, 020
148, 241
33, 839
29 132
557, 022
117,811
1, 948

11
00
00
00
95
95
52
11
74
30
18
45
01

60
00
00
00

962
641,
120,
39,

*1
>
00
00
00

16, 443, 928 81

172
6V9
000
695

oo

22

15, 847, 385 75

KANSAS.
60 banks.
Loans and discounts.
Bonds for circulation
Bonds for deposits . .
U. S. bonds on h a n d . .
Other stocks and b'ds
Due from res've ag'ts
D u e from nat'l b a n k s
Due from State banks
Real estate, &c
C u r r e n t expenses
P r e m i u m s paid
Cash items . . :
Clear'g-house exch'gs
Bills of other b a n k s . .
Fractional currency
T r a d e dollars
Specie
Legal-tender notes . .
U. S. cert's of deposit
D u e from U . S . T r e a s .
Total

$8,548,316 19
1, 467, 500 00
350, 000 00
3, 100 00
171,323 10
690, 648 88
384,234 28
453, 926 56
500,912 86
146, 062 37
85, 620 49
133, 624 86

62 bauks.

67 banks.

64 b a u k s .

$8,731,074 72
1,471,300 00
350, 000 00
3,200 00
125, 546 23
907, f*9!) 47
514, 70G 27
369,312 82
531, 428 00
83, 0(51 05
105, 898 92
1-22,984 18

$9, 135,427 71
1, 033,300 00
350, 000 00
3, 100 00
102.821 90
1, 084, 605 04
694, 342 14
564, 432 44
540, 543 M
111,313 ««
111,086 48
114,871 54

74 banks.
$10, 730, 627
1, 702, 300
350, 000
3,100
170, 817
If 372, 090
766, 42*
553,016
630, 676
105,713
126, 289
130, 039

16
00
00
00
91
15
24
87
98
99
16
24

593, 750 00
5, 320 91

529, 186 00
5,983 74

558, 971 94
903,136 00

432,018 00
4,048 09

64
00
00
00
93
16
12
28
31
50
03
45

689, 460 69
868, 250 00

474, 333
5,441
1, 000
869, 754
743, 148

00
61
00
65
00

$9, 724, 591
1, 589, 550
350, 000
2, 100
175, 054
1,118,664
730, 435
617,126
576, 602
78, 364
116,482
141,807

76,577 00

73, 255 01

77, 654 49

16, 483, 599 90

14, 621, 328 93

17, 386, 913 86

18, 818, 431 45

NE BR ASK A.
63 b a n k s
Loans and discounts . $12, 659, 008 53
Bonds for circulation.
1, 870, 25D 00
Bonds for deposits . .
450, 000 00
U. S. bonds on hand
50 00
Other stocks and b'ds
278, 560 82
D u e from res've ag'ts
1, 433, 638 91
664, 780 71
Due fro-m nat'l banks
D u e from State b a n k s
377, 448 94
Real estate, &c
785, 379 98
Current e x p e n s e s . . .
178, 077 05
P r e m i u m s paid
99, 165 83
Cash items
480, 744 OQ
Clear'g-house exch'gs
248, 929 00
Bills of other b a n k s . Fraction :i 1 currency
4, 735 47
T r a d e dollars
Specie
779, 704 85
579, 378 00
Lesral-tender notes . U. S. cert's of deposit
89,771 00
D u e from U . S . T r e a s
Total

20, 979, 623 35




*

65 b a n k s

70 b a u k s

46
00
00
00
18
80
95
32
70
38
34
07

$13 347,102 12
887, 750 00
450, 000 00

$13, 596, 336 71
1, 951, 500 00
450, 000 00

324,711 00
6, 890 98

321,062 00
6, 428 08

228, 767 00
6,508 17

999, 561 76
524, 224 00

1 138, 738 11
510, 234 00

1,148, 700 86
424, 833 00

65 b a n k s
$13,011,330
1, 895, 250
450, 000
150
227, 545
1,367,471
832.518
492, 177
805, 842
150, KH
95, 824
270,107

234, 419
1 75'*, 288
1 160, 961
504, 354
836, 830
138, 575
93, 959
227, 330

03
37
01
95
04
29
98
07

278, 098
2, 394, 677
1, 268, 973
592, 270
866, 632
95, 906
98, 706
348,151

56
60
56
21
03
19
71
03

j

75 b a n k s
$15, 432, 741
2,014,000
450, 000
6oO
267,216
2, 096, 988
1,018,346
628, 096
935, 867
135, 057
101,774
419,319

80
00
00
00
19
07
81
73
25
72
85
1?,

274,727 00
7,672 56
00
1, 038, 459 •18
545, 099 00

87, 651 00

93, 738 00

93, 825 50

90, 691 50

21, 542, 090 94

22 704, 771 05

23, 843, 887 13

25, 458, 111 08

REPORT OF THE COMPTROLLER OF THE CURRENCY.

235

by States and reserve cities—Continued.
CITY

ST.

LOUIS.

6 banks.

MARCH 10.

MAY 6.

JULY 1.

6 banks.

DECEMBER 20. j
Liabilities.

OF

6 banks.

6 banks.

;3, 250, 000 00

$3, 250, 000 00 I $3, 250, 000 00

Capital stock

OCTOBER 1.
6 banks.

3, 250, 000 00

$3, 250, 000 00

!
j

845.517 75 |
3(53, 026 86 j

842,874 15 j
320, 780 55 |

842,874 15
356, 251 96 j

852, 928 03
264, 789 35

856,128 29
438, 891 69

Nat'] bank circulation;
State bank circulation |

681, 950 00 ;

676, 550 00 J

668, 650 00

658,450 00

766, 400 00

Surplus fund.
Undivided profits

Dividends unpaid-. .j

17, 989 18 ;

Individual deposits. - j
T7. S. deposits
...;

5,288,797 41 j
198, 044 5S ;

Dep'ts IJ.S.dis.onieersj.
Due to national banks'
Due to State banks . -1
Notes re-discounted..!
Bills pay able
|
Total

39,274 18

15, 9G2 68
5,06.1,374 14 |
196, 379 15 I

17,132 18

49,363 18

6,126,649 17
386, 757 22 j

5, 815, 866 33
411,064 07

5, 634, 622 84
401,163 70

1, 955, 205 48

2, 032, 405 73 !

2, 489, 094 79 j

2, 373, 968 61

1, 988, 845 34

1, 916, 332 82

2, 392, 663 09 j

2, 780, 356 99 !

2, 767, 499 24 I

2, 203, 519 15

99, 500 00
200 000 00

90, 682 56

375,000 00 !
j

! 14,816,964 08 \ 15, 167.989 49 ' 16,939,908 46 ! 16, 443, 928 81 I
;

200,

000 00

15, 847, 385 75

I

KANSAS.
62 banks.

60 banks.
Capital stock
Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation

464 262 73 !
668, 134 38 j
1,301,680 00 !

Dividends u n p a i d . . . .
Individual deposits - TJ. S. deposits

67 banks.

64 banks.

$3, 995, 000 00 ! $4, 088, 905 00 i $4, 324, 780 00
507,378 46
463,092 11

506, 378 46
588, 936 98

1,283,695 00

616,435 33
457, 373 38

1, 360, 530 00 !

5,313 00

816 50

$4, 605, 350 00

6, 039 37

7,155, 903 56 7, 883, 642 98
174, 906 21
VM, 929 73
168, 649 25 i
78, 392 56

8,670,519 93
207, 284 12
109,530 11

1, 352, 500 00
37, 381 77

74 banks.
$4, 995, 720 00
608,971 56
572, 535 73
1, 435, 705 00
7, 489, 71

9, 230, 679 98 j 10, 089, 966 99
145, 751 36
148, 541 42
116, 632 49
152,080 37

Dep'ts U.S.dis. officers

213, 274 17

101,916 62 !

176, 654 25

289, 508 66

285, 233 83

107, 859 83 !

158,976 50

196,164 51

268, 082 78

218, 176 05

401,294 85 |
80, 845 00 |

291), 062 32
38,472 50 |

2L3. 927 76 j
10,000 00

233, 255 00

346, 208 39
8,000 00

Due to national banks
Due to State banks .
Notes re-discounted..
Bills payable
Total

14,621,328 93 I
15,181, 514 41

16, 483, 599 90 17, 386, 913 86

18,818,431 45

N B B R A SKA.
63 b a n k s
Capital stock
Surplus fund
Undivided profits
N a t ' l bank circulation
State bank circulation

65 b a n k s .

65 banks.

$4, 755, 000 00

$4, 815, 000 00

$5, 142, 500 00

$5, 627, 500 00

$5, 949, 250 00

648, 594
872, 665 66

768, 947 93
673, 260 35

785/797 93
659, 295 52

884, 789 08
547, 783 97

944, 773 77
567, 803 22

1, 681. 730 00

1, 689, 310 00

1, 695, 890 00

1 689, 990 00

1,774,330 00

70 b a n k s

75 banks.

395 00

273 00

1,072 00

20, 356 95

260 00

8, 932, 507 50
254, 753 62
188, 292 03

9,766,711 32
248,4 06 29
147,214 80

10, 330, 957 85
209, 901 27
199,179 94

10 880, 841 07
183, 249 06
215,623 02

11, 316, 706 75
187,953 69
164, 915 59

1,230,224 39

1, 302, 360 21

1, 501, 147 37

1, 774, 302 48

2,126,700 73

1, 075, 649 03

1, 174,395 79

1, 570,112 03

1, 708, 379 03

1, 498, 908 36

1,261,577 49
78, 234 25

910,677 95
45, 533 30

580, 540 43
2s, 376 71

290, 072 47
21,000 00

878, 190 07
48,318 90

20, 979, 623 35

21, 542, 090 94

22, 704, 771 05

23, 843, 887 13

25,458,111 08

Dividends unpaid
Individual deposits . .
U. S. deposits
D e p ' t s U.S.dis.officers
D u e to national banks]
Due to State b a n k s . .
Notes re-discounted..
Bills payable
Total.




236

EEPORT OF THE COMPTROLLER OF THE CURRENCY.

Abstract of reports since September 30, 1884? arranged
COLORADO.
DECEMBER 20.

Resources.
Loans and discounts
Bonds for circulation.
Bonds for deposits...
XJ. S. bonds on hand
Other stocks and b'ds
Due from res' ve ag'ts.
Due from nat'lbanks.
Due from State banks
Real estate, &c
CuiTent expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks. .
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
I) S cert's otdfnositi
Due from U.S. Treas
Total

MARCH 10.

MAY 6.

JULY 1.

24 b a n k s

24 b a n k s .

24 banks.

24 b a n k s .

25 b a n k s .

62
00
00
00
52
55
27
83
95
58
49
39

$7, 580, 811 18
1, 052, 500 00
400, 000 00

$7, 608, 986 99
1, 032, 500 00
400, 000 00

$6, 695, 529
1,140, 000
400, 000
500
588, 222
1, 729, 421
1, 065, 048
433, 245
340, 104
84, 411
86, 346
234, 618

78
00
00
00
64
07
44
37
80
37
24
66

$6, 998, 623
1, 085, 000
400,000
500
607, 822
1,862,010
1, 224, 017
400, 474
331,763
80, 881
86, 393
309,610

11
00
00

no
65
12
78
32
01
30
74
7?

$7, 304, 609
1, 047, 500
400, 000
12 000
681, 560
1,755,641
1,011,579
390, 761
36?, 163
76,680
79, 037
223, 713

628, 284
1, 843, 677
1,191,180
356, 038
359, 343
39, 782
79, 532
259, 423

OCTOBER 1

17
38
14
93
52
63
80
3?

' 702,159
2, 453, 997
1, 650, 589
490, 882
351,126
37, 429
78, 539
252, 062

44
17
00
11
86
85
05
43

293, 985 00
1,156 94

170, 680 00
1,489 52

166, 995 00
1,381 85

198, 309 00
1,319 98

210, 254 00
3, 296 13

674 907 64
846, 275 00

877 551 03
711, 587 00

1, 005, 016 29
705, 720 00

1, 005, 739 !W
673, 622 00

977 646 9?
738, 561 00

54, 640 54

58, 505 12

62, 022 62

53, 443 37

72, 981 37

14, 668, 413 49

15, 206, 909 42

15, 286, 383 96

15, 723, 007 64

17, 061, 012 32

NEVADA.
1 bank.

1 bank.

1 bank.

1 bank.

$249, 040 20
40, 000 00

$220,311 52
40,000 00

$183, 243 19
40, 000 00

$183, 816 83
40, 000 00

$248, 248 38
40, 000 00

9, 439 90
4, 277 86
737 46
1,408 15
3, 375 00
4, 288 06
3,225 00
494 56

8,164 60
3, 524 29
1,390 89
15, 092 74
3, 400 00
1,803 07
3,225 00
350 71

8, 579 74
5, 894 29
53,134 78
2, 397 30
3, 400 00
3, 555 60
3,225 00
354 02

1 bank.
Loans and discounts.
Bonds for circulation
Bonds for deposits
TJ. S. bonds on hand.
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses . . .
Premiums paid
Cash items
Clear'g-honse exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes . .
U. S. cert's of deposit
Due fromU. S. Treas.
Total

1, 740 00

875 00

8, 619
6, 495
27, 900
8, 862
4, 508

41
36
27
15
18

3, 225 00
500 00
1,750 66

5, 000 00
13, 624 98
3, 042 09
2,303
8,363
2, 595
4, 343
502

17
18
58
75
25

40 50

31,943 12
763 00
1, 800 00
351,667 31

36, 840 87
386 00

49,187 40
1, 265 00

4, 600 00
47 20

64, 010 73
1,150 00

46, 230 50
2, 476 00

1. 800 00

1, 800 00

1, 800 00

1, 800 00

336, 349 69

357, 776 32

352, 678 43

383,177 08

CALIFORNIA.
16 b a n k s .

14 b a n k s .

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.
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency
Trade dollars
Specie
Legal-tender notes...
TJ. S. cert's of deposit.
Due from TJ. S. Treas

14 b a n k s .

15 b a n k s .

$5, 875, 700 35
910, 500 00

$5, 740, 420 33
910, 500 00

$5, 918, 517 55
935, 500 00

$5, 994, 747 58
948, 000 00

$6, 051, 437 19
960, 500 00

15, 000
307, 976
377,446
108, 045
207,144
316,106
41,190
82,517
73, 662

20, 600
306,433
346, 953
119, 788
149, 829
322,877
42, 572
83,503
70, 072

22,950
337, 906
456,197
114, 336
138, 786
338, 896
26, 952
86, 923
44,619

22, 650
373, 743
554,114
94, 885
248, 963
344,981
29, 664
89,149
86, 977

"'is, 400 66
373,452
388, 340
94, 673
73,128
316, 053
52, 597
83,150
126, 297

37
65
67
36
61
13
47
63

00
20
55
46
29
35
23
02
09

00
91
93
35
82
51
61
52
64

16 b a n k s .

00
09
72
55
43
04
81
37
83

00
76
48
66
49
87
23
55
36

35, 440 00
636 04

32,905 00
252 79

30, 697 00
269 40

23, 216 00
342 47

41, 428 00
423 23

1,169, 974 76
21, 884 00

1, 220, 937 92
126,117 00

1,014,873 51
61,491 00

852,243 13
43, 252 00

910, 083 70
48, 004 00

39,172 00

Total
9, 574, 401



04

40, 972 00

39, 872 00

51, 797 00

52, 722 50

9,601,193 23

9, 463, 852 75

9, 481,167 02

9, 909, 729 02

REPORT OF THE COMPTROLLER OF THE CURRENCY. 237
by States and reserve cities— Con tinned.
COLORADO.
DECEMBER 20.

MA UCII 10

JULY 1.

MAY 6.

OCTOBER 1.

_.

Liabilities.

25 b a n k s .

24 b a n k s .

24 b a n k s .

24 banks.

24 banks.

$1,965,000 00

$1,965, O O 00
C

$2, 025, 000 00

$1, 990, 000 00

$1, 965, 000 00

Surplus fund
Undivided profits

907, 500 00
679,120 57

984, 500 00
452, 730 46

985, 000 00
468, 671 96

996, 400 00
429, 376 91

1, 003,100 00
453, 549 63

Nat'lbank circulation

972 510 00

961,190 00

933, 340 00

929, 840 00

926, 540 00

Capital stock

2, 240 00

570 00

306 00

9,211 85

2,592 00

Individual deposits ..
TJ. S. deposits.
Dep'ts U.S.dis.officers

8, 357, 232 22
236, 989 24
124,254 82

8, 923, 556 22
226, 099 44
117,065 36

9, 096, 065 09
258,125 25
148, 523 85

9, 406, 017 81
237, 648 10
122, 646 75

10, 281, 552 99
248, 074 64
77, 954 93

Dividends unpaid

Due to national banks

766, 474 22

784, 714 65

634, 328 95

865, 556 15

1, 063, 023 80

Due to State banks . -

619, 592 42

778, 515 51

779,134 12

750, 438 55

979, 624 33

Notes re-discounted..
Bills payable

12, 500 00

12, G67 78

17, 888 74

10, 871 52

14, 668, 413 49

15, 206, 909 42

15, 286, 383 96

15, 723, 007 64

Total

17, 061, 012 32

NEVADA.
1 bank.

1 bank.

Capital stock

1 bank.

1 bank.

1 bank.

$75, 000 00

$75, 000 00

$75, 000 00
25, 000 00
14, 984 44

25, 000 00
7,372 08

25, 000 00
10, 649 52

25, 000 00
11, 8,0

25, 000 00
10, 664 72

36, 000 00

35, 960 00

34, 560 00

34, 220 00

35,380 00

138,048 88

Surplus fund
Undivided profits....
Natl bank circulation
State bank circulation

$75, 000 00

$75, 000 00

189, 858 66

212, 308 30

206, 636 16

214, 700 56

Dividends unpaid
Individual deposits ..
Dep'ts U. S. dis. officers
10 073

678 49

99

Due to State banks...

52, 560 77

3,158 95

258 50

22 14

21,753 31

Notes re-discounted..
Sills payable
Total

351, 667 31

336, 349 69

357, 776 32

352, 678 43

383,177 08

C ALIFORNI A.
!
14 banks.

Capital stock

$2, 050, 000 00

14 banks.

15 banks.

$2, 050, 000 00 $2, 150, 000 00

16 banks.

16 banks.

$2, 175, 000 00

$2, 345, 000 00

Surplus fund
Undivided profits

463,791 52
408,803 31

499, 779 96
353,400 46

501,779 96
389,181 96

506, 779 96
393, 602 53

548, 414 87
339, 071 69

Nat'l bank circulation
State bank circulation

818,200 00

818,470 00

815,130 00

837, 350 00

855, 720 00

Dividends unpaid

2, 304 75

2, 200 25

Individual deposits...
U. S. deposits
Dep'ts U.S.dis.officers

5, 617,193 67

5, 605, 721 92

5, 412, 674 08

1,705 00

5, 313, 246 25

15,750 00

5, 620, 030 24

2,169 50

Due to national banks
Due to State banks...

46, 370 23
167,737 56

64,034 04
207, 586 60

93, 303 51
100, 078 24

85, 724 16
153, 714 12

68, 508 72
130, 814 00

9, 601,193 23

9, 463, 852 75

Notes re-discounted
T?I11B p a y a b l e

Total

9, 574,401 04




9, 481,167 02

9, 909, 729 02

238

REPORT OF THE COMPTROLLER OF THE CURRENCY

Abstract of reports since September 30, 1884, arranged
CITY OF SAN FRANCISCO.
DECEMBER 20.

MARCH 10.

1 bank.

1 bank.

MAY 6.

JULY 1.

OCTOBER 1.

Resources.
Loans and discounts
Bonds for circulation
Bonds for deposits ..
TJ S bonds on hand..
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Heal estate, &c . . . . . .
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes ..
TJ.S. cert's of deposit.
Due from U. S. Treas
Total

$1,921,822 64 1 $1, 746, 700 81
600,000 00 1
600,000 00

23, 220
87, 027
322, 755
92, 598
2, 371
7, 200

1 bank.

1 bank.

.1 b a n k .

$1, 799, 303 50
600, 000 00

$1, 966, 670 93
(J00, 000 00

$2,146,771 56
6uO,000 00

29
43
50
75
84
00

29,381 34
90, 009 78
207, 666 05
92, 598 75
804 90
6, 900 00

17, 699 68
96,087 52
171,710 79
92, 598 75
542 90
6, 700 00

102,178 14
393,613 58
92, 598 75
510 33
6, 500 00

100, 302 34
176, 515 55
92, 598 75
440 20
6, 200 00

56, 344 51
2, 445 00
5 48

37, 618 23
1, 510 00
7 07

45,691 19
6,178 00
6 95

67, 259 28
3,195 00
10 20

115, 058 48
2,965 00
7 82

276, 500 00
2, 770 00

513,110 00
2, 279 00

565,673 00
3, 246 00

312,195 00
6, 960 00

458, 435 00
2, 589 00

24, 500 00

26, 972 50

27, 000 00

27,000 00

27, 000 00

3, 419, 561 44

3, 355, 558 43

3, 432, 438 28

3,378,691 21

3, 728, 883 70

OREGON.
8 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits . TJ. S. bonds on hand..
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender notes . .
U. S. cert's of deposit
Due from TJ. S. Treas
Total

8 banks.

9 banks.

9 banks.

$2, 013, 893 34
423,400 00
500, 000 00
39, 700 00
418, 231 64
147, 707 99
141,120 78
205, 308 46
160, 073 23
41, 200 57
21, 644 12
18, 965 33

12, 373 00
661 11

9,291 00
424 35

12, 810 00
297 42

18, 580 00
776 39

12, 805 00
634 93

424, 554 75
9, 957 00

468, 647 52
8, 462 00

505, 243 45
11,439 00

306,074 30
20, 786 00

508,790 m
28,761 00

$2,100, 107 93
423, 400 00
500, 000 00
39, 700 00
420, 828 40
319, 770 86
173, 404 05
96, 592 99
163, 849 92
21,389 L8
21, 196 12
15, 887 76

18, 623 00

19, 688 00

20, 450 50

20,150 50

4, 377, 705 56

4, 596, 605 97

4, 681, 575 83

4, 662, 584 40

ARIZ O N A.
2 banks.

Loans and discounts
Bonds for circulation
Bonds for deposits...
TJ S bonds on hand
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses....
Premiums paid
Cash items
Clear'e-house exch'gs
Bills of other banks..
Fractional currency.
Trade dollars
Specie
Legal-tender deposit.
TJ. S. cert's of notes ..
Due from U.S. Treas

9 banks.

$2, 028, 208 88 i $1,921,312 59
410, 900 00 J
410,900 00
500, 000 00
500,000 00
38, 500 00
39, 000 00
438, 258 23
444,387 19
117, 387 65
176, 605 23
54,296 01
125, 764 53
86, 325 45
233,818 44
147,888 19
158, 009 41
55,115 53
30, 375 03
23, 549 50
18, 733 50
11, 107 26
31,187 18

•

1 bank.

$134, 624 37
37, 500 00

$50,473 07
12, 500 00

63,194 22

22, 803 71

1,183
14, 496
7, 047
1,968
3, 593
729

46
77
48
80
75
80

2, 288 64

260 02

24, 972 00
250 08

5, 707 00

62, 203 65

30,496 70

1, 687 50

562 50

Total
353,451 88



125, 576 92

125 00
360 28

i2, 202, 226 30
423, 400 00
500, 000 00
40, UOD (JO
441,437 59
253, 2*i2 52
188, 62 7 1)4
144,420 4 i
199, KB2 77
20,625 72
21,459 H2
24, 370 35

20,050 50
5, 031, 641 47

REPORT OF THE COMPTROLLER OF THE CURRENCY. 239
by Slates and reserve cities-—Continued.
CITY

OF SAN

FRANCISCO.
MAY 6.

MARCH 10.

DECEMHEU JO.
1 bank.
C ay) i i. al sto c k

JULY 1.

OCTOBER 1.
_

Liabilities.

1 bank.

1 bank.

$1, 500, 000 00

wl. 500, 000 00

$1, 500, 000 00

1 bank.
$1,500,000

1 bank.

no

$1,500,000 00

Surplus fund
Undivided profits

228. 309 90 •
98, 181* 54 ;

228, 8-"0 49
101,691 21

231,850 49
75, 505 73

231, 850 49
100, 281 97

234, 520 48
99,131 30

!N"at'l bank circulation
State bank circulation

495, 000 00 i

538, iGO 00

539, 850 00

533, 000 00

539, 200 00

Dividends unpaid
Individual deposits-..

1, 222 00

1, 090, 089 14

126, 744 13

84, 468 43 i

1,144 00

809, 699 74

96, 496 05

108,818 83

183, 409 66

101, 098 47

94, 084 18

81,389 12

3, 355, 558 43

3, 432, 438 23

3, 378, 691 21

3,728,8^-3 70

i

Due to national banks

956 00

885, 981 54

54, 964 45

Dep'ts U S dis officers

1, 656 00

803, 936 15

872 00 !
945, 968 34

j

Due to State b a n k s . .

66, 759 23

Notes re-discounted
Bills payable
!

Total

•

3,419,561 44 |

ORE G O N .
8 banks.

8 banks.

9 banks.

9 banks.

$710, 000 00 :

$710, 000 00

$693, 000 00

$705,000 00

$710 000 00

Surplus fund
Undivided profits. - - -

73. 800 77 '
;
602, n s 12 !

76, 000 00
580, 786 74

78, 900 00
601,846 15

80, 500 00
587, 944 83

81, 600 00
618, 659 63

N a t l bank circulation
State bank circulation

304, 310 00

358, 950 00

331,805 00

346, 850 00

346, 740 00

150 00

7 000 00

15 000 00

Individual deposits. TJ S deposit*
Dep'ts II.rf.<.Us.oifi.ce.rs

2, 2(59. 527
11)2,029
229, 0iJ2 19

2, 243, On 85

2, 295, 858 54
' 242, 2-?5 12
212,008 53

2, 555, 552 41
238, 233 66
176, 344 28

Due to mil tonal banks

2,00!, < ) 12
M7
»27 93;} 47 :
2-'7, 306 86 '
I
46, 347 02 ;

86, 082 86

115,334 51

84, 588 01

112, 583 21

Due to State b a n k s . . .

123, 826 20

94,167 33

89, 938 93

97, 599 37

156, 818 68

3, 000 00

20,109 60

4, 59J>, 605 97

4, 681, 575 83

4, 662, 584 40

5, 031, 641 47

Capital stock

i

...L
4, 377,705 56 |

ARIZ

o N A.

2 banks.

Capital stock
Surplus fund
Undivided profits. ...
Nat'l bank circulation
State bank circulation
Dividends unpaid....

270, 713 86

I

Xotes re-discounted..
Bills payable
Total

9 banks.

1 bank.

$150, 000 00 '

$f)0, 000 00

2, 842 19 I.
6, 613 15 !
30, 650 00

Individual deposits -..
TJ. S. deposits
Dep'ts U.S.dis.officers
Due to national banks

144, 509 a

Due to State banks ..

14. 819

1

;

!

591 67
11,250 00

61,186 55

I
4,017 61 !

I^otes re-discounted
Bills payable
-.-,,—T:
Total



82 61
2, 466 09

88

125. 576 92

_

240

REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30,1884, arranged
DAKOTA.
DECEMBER 20.

Resources.
Loans and discounts.
Bonds for circulation.
Bonds for deposits...
Other stocks and b'ds
Due from res' veag'ts.
Due from nat'l banks
Due from State banks
Eeal estate, &c
Current expenses....
Premiums paid
Casli items
Bills of other banks..
Fractional curreiiC3r
Trade dollars
Specie
Legal-tender notes ..
T S cert's of deposit
J
Due from TJ. S. Treas
Total

35 banks.

JULY 1.

MAY 6.

MARCH 10.

OCTOBER 1

36 b a n k s .

38 banks.

40 b a n k s .

41 b a n k s .

$3, 370, 856 H
O
654,250 00
175, 000 00
300 00
262, 761 78
270, 298 72
407, 532 28
197, 568 20
444,122 57
114,907 37
58, 821 40
57,470 13

$3, 446, 705 04
678, 750 C
O
175,000 00
300 00
258, 528 92
318,207 74
452, 724 48
Ic3, 273 69
456, 490 77
66, 082 64
67,387 83
47, 233 08

$3, 525, 874 60
696, 000 00
175, 000 00

$3,764,719 97
721, 500 00
175, 000 00

$4, 000, 272 60
736, 500 00
175, 000 00

291, 755
303, 702
460, 488
202, 806
460, 845
89,210
67, 606
62, 880

333, 256
300, 022
532, 030
162, 659
478, 292
45, 928
65,493
48, 778

185, 357 00
1,931 07

83, 922 00
2, 035 03

103,047 00
2, 328 44

109, 301 00
3,169 81

242, 905 00
3,318 93

15-1,051 27
307, 992 00

176, 472 51
290,142 00

193,820 45
306, 704 00

199,049 02
269, 330 00

2ii,004

30, 536 39
6, 693, 756 78

96
23
66
51
00
27
07
35

294, 681
414,411
700, 994
165,102
500, 515
79, 085
65, 305
54, 919

95
74
33
65
10
99
95
39

30
373, 821 00

34, 359 59

31,775 59

37,107 29

6, 982, 429 50

7, 240, 306 44

8, 055, 946 22

30,071 44
6, 733, 417 17

75
21
78
24
63
20
05
56

I DAHO.
4 banks.
Loans and discounts.
Bonds for circulation
Bonds for deposits ..
T S bonds on hand
T
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks.
Due from State banks
Eeal estate, &c ..
Current expenses
Premiums paid.
Cash items
Clear'g-honseoxch'gs
Bills of other banks..
Fractional currency.
Specie
•-Legal-tender notes ..
T S pfrt'ftofdenosit
T
Due from U.S. Treas.
Total

4 banks.

4 banks.

4 banks.

4 banks.

$336,842 14
67, 800 00

$353, 257 45
67, 800 00

$359, 726 74
67, 800 00

$345, 295 34
67, 800 00

$350, 795 93
67, 800 00

00
56
53
86

114, 888 54
23,143 82
62, 775 26
53, 543 41
20, 960 61
10,907 48
10, 943 49
21, 738 49
17, 010 00

11
49
66
63

20,708 36
7, 894 22
16,457 66
3,134 09

50 000 00
116, 032 21
3, 920 27
50, 698 84
22, 470 38
21, 458 36
9,776 89
16, 457 66
12,523 33

25, 690 00
12 32

8, 625 00

15, 527 00

2 21

7 59

9 39

12 49

38,416 50
64, 441 00

32,570 50
78, 021 00

16, 788 00
35, 976 00

33, 996 50
52, 010 00

42,101 80
54, 291 00

50 000 00
108, 866 60
14,374 16
11, 450 50
111,895 74
16,231 11
14,012 77
16, 564 92
8, 143 17

19,175 66

50 000
103, 884
2, 942
22, 758
46,381
20,715
7,218
16, 582
6,378

00

30
39

37
47

50 000
137, 603
4, 637
39,517
53, 808

07

3, 049 50

3,049 50

3,049 50

4,049 50

3,049 50

881, 265 32

837, 262 19

825, 294 18

822, 025 67

853, 961 82

MONTANA.
14 b a n k s .

13 b a n k s .

Loans and discounts. $5,124, 069 30
399, 350 00
Bonds for circulation.
200, 000 00
Bonds for deposits ..
T K bonds on hand
T
390, 755 52
Other stocks and b'ds
240, 719 82
Due from res've ag'ts.
209, 020 54
Due from nat'l banks
206, 072 19
Due from State banks

Real estate, &c
Current expenses
Premiums paid
Cash items
Trills of other banks..
Fractional currency.
Specie
Legal-tender notes ..
TJ § cert's of deposit
Due from TJ. S. Treas.

242,
75,
52,
78,

475
397
759
851

89
60
97
15

14 b a n k s .

14 b a n k s .

15 b a n k s .

$5,271,686 26
424, 350 00
200, 000 00

$5,404,216 99
424, 350 00
200, 000 00

$5, 603,177 12
424, 350 00
200, 000 00

$5, 515,195 02
439, 350 00
200, 000 00

431,030
282, 748
285, 694
189, 783
270, 092
10,183
52, 914
69, 381

492, 330
407, 898
521, 058
271, 206
294, 903
39, 815
52, 894
52, 054

386, 258 90
214, 744 51
255, 023 18
209, 548 92
271,891 36
40, 522 34
54,170 62
70, 548 99

416,780
195, 649
209, 307
214, 436
268, 273
61,659
53,125
40, 034

14
27
93
89
89
86
21
88

49
26
82
25
91
60
32
03

51
?1
70
42
56
19
01
98

112, 438 00
994 34

118, 838 00
1,062 07

81, 920 00
740 71

111, 039 00
556 81

74, 636 00
396 59

454 211 80
239, 845 00

521, 447 90
342,103 00

519, 790 37
297, 743 00

520, 760 41
352, 670 00

574 460 45
327, 458 00

23, 495 36

21, 892 87

20,120 87

20, 283 87

23, 866 87

8, 056, 456 48

8, 404, 088 92

8, 408,150 01

8, 824, 665 89

9,287, 524 57

Total



REPORT OF THE COMPTROLLER OF THE CURRENCY.

241

by States and reserve cities—Continued.
DAKOTA.
DECEMBER 20.

Liabilities.

MAY 6.

MARCH 10

JULY 1.

;

OCTOBER 1.

35 b a n k s .

36 b a n k s .

$2,140, 000 00

$2, 240, 000 00

$2, 300, 000 00

$2, 332, 500 00

$2, 402,100 00

Surplus fund
Undivided profits

438,424 67
361, 825 27

467, 923 35
217, 348 89

456, 523 35
285, 6J8 50

490, 073 35
209, 964 92

500, 573 35
279, 028 82

Nat'l bank circulation
State bank circulation

573, 485 00

584 025 00

605, 700 00

620, 990 00

646, 630 00

Capital stock

Dividends unpaid

38 batiks

40 b a n k s .

41 b a n k s .

135 00

7,790 00

275 00

20, 138 00

1, 240 00

Individual deposits ..
U. S. deposits
Dep'ts U.S.dis.officers

2, 791, 090 66
119,715 95
26,193 71

2, 863, 802 40
13d, 047 85
17, 628 54

2, 945, 616 69
122, 727 66
18, 6[)Q 36

3,170. 700 40
114,007 92
29, 233 88

3, 725, 521 66
113,195 75
37, 921 12

Due to national banks

37, 887 04

24, 701 93

21, 267 32

53,186 12

44, 977 78

Due to State banks...

80, 639 33

97, 077 14

107,198 77

79, 269 23

154, 782 47

Notes re-discounted..
Bills payable

92,360 15
32,000 00

65, 072 07
18, O0U 00

95, 795 85
23, U O 00
O

104. 142 62
15, 50u 00

136. 975 27
13, 000 00

6, 693, 756 78

6, 733, 417 17

6, 982, 429 50

7, 240, 306 44

8, 055, 946 22

4 banks.

Total

I D

AHO.

4 banks.

4 banks.

4 banks.

4 banks.

$250, 000 00

$250,000 00

$250, 000 00

$250,000 00

$250, 000 00

Surplus fund
Undivided profits

20,000 00
68, 444 29

20, 000 00
37, J67 96

20, 000 00
39,931 44

20, 000 00
50, 400 97

20, 000 00
62, 54ti 34

Nat'l bank circulation
State bank circulation

59, 290 00

58, 090 00

60,040 00

59,740 00

60,140 00

458, 866 71

454, 826 01

426, 084 30

423, 388 98

416, 654 59

Capital stock

...

Dividends unpaid
Individual deposits..
U. S. deposits ...
Dep'tsU.S.dis.officers
Due to national banks

1,385 27

256 20

65 94

3,221 25

45 59

Due to State banks ..

23, 279 05

16, 922 02

29,172 50

15,274 47

44, 575 30

881, 265 32

837,262 19

825,294 18

822, 025 67

853, 961 82

Notes re-discounted
Bills payable
Total

MONTANA.
13 b a n k s

Capital stock

14 b a n k s .

14 b a n k s

14 banks.

15 b a n k s .

$1, 650, 000 00

$1, 735, 000 00

$1,750,000 00

$1, 750, 000 00

$1, 810, 000 00

Surplus fund
Undivided profits

264, 500 00
641, 888 37

292, 500 00
629, 881 56

292, 500 00
695,316 42

293, 500 00
649, 105 28

298, 000 00
740,678 17

Nat'l bank circulation
State bank circulation

355, 950 00

378, 750 00

378, 250 00

378, 550 00

378, 250 00

Individual deposits ..
U. S. deposits
Dep'ts U.S.dis. officers

4, 622, 744 69
61,241 17
140, 832 80

4, 854, 587 24
59, 852 44
102, 021 44

4, 858, 381 76
110,759 01
15, 892 68

5, 247, 476 67
69, 801 16.
80, 733 93

5, 329, 503 13
136, 328 47
26, 293 81

Due to national banks

183, 272 75

200, 398 73

118, 770 70

178, 447 91

413, 987 42

Due to State banks -..

69, 312 66

52, 919 87

76, 990 71

50, 361 52

45,133 20

Notes re-discounted..
Bills payable

66, 714 04

98,177 64

111,288 73

116, 689 42

109, 322 02
28 35

Total
8, 056, 456 48

5745
lt>
http://fraser.stlouisfed.org/ CUR
Federal Reserve Bank of St. Louis

8, 404, 088 92

8,408, 150 01

8, 824, 665 89

9, 287, 524 57

Dividends unpaid

10 000 00

242

REPOJRT OF THE COMPTROLLER OF THE CURRENCY.

Abstract of reports since September 30, 1884, arranged
NEW MEXICO.
DECEMBER 20.

Resources.

MAY 6.

JULY 1.

OCTOBER 1.

8 banks.

8 banks.

Loans and discounts
Bonds for circulation
Bonds for deposits ..
TJ S bonds on hand
Other stocks and b'ds
Due from res' ve ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency

MARCH 10.

$1,278,031 22
450, 000 00
210, 000 00

8'banks.

8 banks.

8 banks.

$1, 322, 069 31
450, 000 00
210,000 00

$1,426,003 14
450, 000 00
210, 000 00

$1,443,714 49
412,500 00
210, 000 00

$1, 423, 513 01
412, 500 00
210, 000 00

46, 848 44
205,493 55
331,166 49
97, 820 12
174,429 73
28, 778 22
6,513 25
25,287 90

'

38, 529 49
125,715 62
382,929 60
133,396 97
122,691 70
40, 002 41
4, 637 G6
26, 366 16

45, 661 28
155, 560 70
304,031 12
100, 304 60
146, 959 09
25, 968 08
5,567 71
12, 263 84

47,381 06
217, 502 14
284,433 32
61,274 30
172, 407 73
29, 835 14
5, 143 41
22, 962 72

29, 950 00
781 56

24,166 00
1, 215 53

24, 603 00
1, 286 48

21, 307 00
987 90

147,951 05
80,185 00

174, 256 35
83,107 00

173, 385 78
77, 248 00

125, 807 57
69,178 00

60, 597 91
324, 626 24
308, 296 77
67,379 52
159, 906 98
28,714 53
7, 935 13
11, 977 29
23,121 00
942 61

Traili* dollars

Specie
Legal-tender notes . TJ. S. cert's of deposit.
Due from U. S. Treas
Total

|

20,470 00
3,091,638 44

23, 737 50
3, 084, H6S 11

19, 757 50
3, 223, 403 72

141, 533 65
70, 816 00

20, 550 00

17, 850 00

3, 220, 382 66

3,269,710 64

U T A H.
5 banks.
Loans and discounts.
Bonds for circulation
Bonds for deposits . .
TJ S bonds on hand
Other- stock and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Heal estate, &c
Current expenses
Premiums paid
Cash items
Cl^ar'g-honse exch'gs
Bills of other banks .
Fractional curreney
T n d e dollars
Legal-tender notes . .
TJ S cert's of deposit
Due from TJ. S. Treas

Total

5 banks.

5 banks.

6 banks.

6 banks.

$1, 322, 922 13
387, 500 00
100, 000 00

$1,214,142 91
387, 500 00
100, 000 00

$1,197,815 62
387, 500 00
100, 000 00

$1, 344, 386 33
437, 500 00
100, 000 00

$1, 365, 239 07
437,500 00
100, 000 00

192,154
50, 588
237, 290
84,155
84, 405
12, 852
35, 109
4, 822

192,094
53, 954
163, 822
92,105
83, 745
13, 292
33, 453
6, 462

192, 094
66, 498
143, 041
88, 851
84, 691
5, 375
33, 453
5,477

25
40
66
14
04
49
56
13

34
27
97
25
04
09
31
41

34
17
42
73
04
96
31
30

236, 809 60
170, 846 76
205,465 64
106, 579 16
110,827 77
4,921 11
28, 3G7 73
13, 035 87

247, 880 35
135. 390 29
357, 426 67
101,631 27
111, 183 24
17, 639 77
27, 805 23
8, 719 27

34, 8C4 00
74 44

2,045 00
195 08

4,717 00
468 85

5, 476 00
375 75

28,174 00
160 00

320 890 75
21, 391 00

237 278 01)
12, 239 00

222 386 00
9,046 00

182 116 64
23, 660 00

215 577 62
35, 040 00

17, 437 50

16, 937 50

17,437 50

19, 687 50

19,687 50

2, 906, 547 49

2, 609. 268 07

2, 55H, 854 24

2, 990, 055 86

3, 209, 054 28

WASHINGTON.
15 b a n k s

Loans and discounts
Bonds for circulation.
Bonds for denosits
TJ S bonds on hand..
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash items
Clear'g-house exch'gs
Bills of other banks..
Fractional currency
Trade dollars
Specie
Legal-tender notes ..
TJ S cert's of deposit
Due from U.S. Treas
Total

15 b a n k s

$1, 854, 265 86
317, 500 00
100
90,463
73,136
24,831
56, 761
170, 527
30, 047
21, 299
14 3">4

00
28
97
27
06
76
62
91
43

15 b a n k s

15 b a n k s

$1, 865, 373 62
310, 000 00

$1, 878, 240 38
310, 000 00

10,100
88,015
78, 572
57, 327
42, 449
175, 411
18,258
25, 958
15 880

100
87, 297
100, 856
41,917
57, 662
183, 939
25, 510
35, 953
15 60(3

Of)

31
96
27
32
81
38
64

00
95
75
97
08
50
02
64

on

15 b a n k s

$1, 933, 331 65
310,000 00
100
73, 738
172, 817
74, 708
53, 781
182,162
17, 995
35, 647
20 366

00
58
44
90
47
90
94
49
•?*'

$2, 035, 383 91
380, 000 00
79,152
154, 355
84,491
110. 245
148, 075
19, 435
51,452
*>6 377

06
17
39
01
20
70
49

9,379 00
125 31

9,296 00
156 78

10, 942 00
247 40

11, 273 00
270 78

22, 746 00
255 04

286 290 42
7. 069 00

303 632 07
17, 846 00

263 183 54
21, 088 00

269 067 71
13, 844 00

265 365 44
15,109 00

15, 225 00

15, 987 50

14, 650 00

14 048 50

17, 200 00

2,971,346 89

3, 034, 26C 45

3,047, 196 13

3,183,154 68

3, 409, 643 95




REPORT OF THE COMPTROLLER OF THE CURRENCY. 243
by States and reserve cities—Continued.
NEW
Liabilities.

MEXICO.
MAY 6.

MARCH 10.

DECEMBER 20.

JULY 1.

OCTOBER 1.
8 banks.

8 banks.

8, b a n k s .

8 banks.

8 banks.

$645, 000 00

$650, 000 00

$650, 000 00

$650, 000 00

|650, 000 00

Surplus fund
Undivided profits

165 888 03
86, 298 22

137, 575 88
64, 627 48

139, 287 85
65, 727 33

157, 287 85
51, 020 48

153, 209 75
50, 474 70

Nat'l bank circulation
State bank circulation

400,097 00

400, 237 00

401,160 00

369, 590 00

369, 770 00

Capital stock

. ..

40 00

40 00

844 00

200 00

240 00

1, 430, 297 08
82, 653 27
124, 942 50

1, 468, 668 12
74, 346 73
108, 547 39

1, 585, 215 21
99,617 35
J 03, 270 05

1, 587, 844 57
85,471 83
100,174 52

1, 750, 475 14
77, 999 07
99, 279 70

Due to national banks

77, 918 11

116, 796 19

144,160 22

162, 570 50

96, 031 43

Due to State banks...

68, 504 23

54, 029 32

24,121 71

46, 222 91

22, 230 85

Dividends unpaid
Individual deposits...
U. S. deposits
Dep'ts U.S.dis.officers

Notes re-discounted
Bills payable

10, 000 00

10, 000 00

10, 000 00

10, 000 00

3, 091, 638 44

Total

3, 084, 868 11

3, 223, 403 72

3, 220, 382 66

3, 269, 710 64

UTAH.
5 banks.

5 banks.

5 banks.

6 banks.

$600, 000 00

$600, 000 00

$600, 000 00

$800, 000 00 |

243, 750 00
83, 773 86
319,150 00

Capital stock .

266, 250 00
55, 409 17

266, 500 00
54, 575 98

306, 900 00

298, 800 00

274, 000 00 I
37, 880 62 j
299, 750 00 I

Surplus fund
Undivided profits
Nat'l bank circulation
State bank circulation
Dividends unpaid

642 00 !

Individual deposits..
U. kS. deposits
Dep'ts U.S.dis.officers

1, 507, 479 82 j
20,327 63 j
64,810 92 j

856 00

2, 626 00

1, 206, 735 50
47, 459 32
41,587 77

1, 207, 693 59
41, 322 02
39, 221 72

;

6 banks.
$800, 000 00
274, 500 00
67, 097 89
324, 930 00

6, 471 00

3,171 00

1, 452, 188 79 I
51, 389 02 |
20, 925 84 i

1, 626, 640 92
17, 682 88
45, 904 58

Due to national banks

38,031 98

27, 954 78

26, 775 59

15, 861 49

21, 836 61

Due to State banks ..

21,901 28

49, 435 53

16, 339 34

26, 589 10

27, 290 40

Notes re-discounted..
Bills payable

1,680 00
5, 000 00

1, 680 00
5, 000 00

Total

5, 000 00 I

2, 906, 547 49 | 2, 609, 268 07 2, 558, 854 24

5, 000 00
2, 990, 055 86

3, 209, 054 28

15 b a n k s .

15 b a n k s .

WASHINGTON.
15 banks.
Capital stock

15 banks.

15 b a n k s .

$960, 000 00

$980, 000 00

$1, 005, 000 00

$1,005,000 00

Surplus fund
Undivided profits

90, 429 49
353, 058 80

114, 529 82
312, 688 10

135, 529 82 :
349, 907 88 '

137,423 50
372, 057 40

140,091 26
375, 375 60

Nat'l bank circulation
State bank circulation

284,450 00

277, 600 00

277, 600 00 !

264, 950 00

322,560 00

Dividends unpaid

$980, 000 00

4, 620 00

1, 270 00 j

790 00 !

2,165 00

575 00

1,139, 626 48

Individual deposits...
U. S. deposits.

1, 221, 513 01 |

1, 207, 010 25 I

1, 343, 740 24

1, 450, 206 17

Dep'ts U.S.dis.officers

46,125 65

51, 623 55

43, 546 86 !

29, 205 70 |

48, 298 90

83, 036 47

75, 041 97

52,811 32 j

18, 612 84 !

67, 537 02

Due to national banks
Due to State b a n k s . . .
Notes re-discounted..
Bills payable
Total

10,000 00 i
I

2,971,346 8 9 |




10, 000 00
3,034,266 45

3,047,196 13 1

3,183,154 68

3,409,643 95

244

REPORT OF THE COMPTROLLER OF THE CURRENCY.

Abstract of reports since September 30, 1884, arranged
WYOMING.
DECEMBER 20.

Resources.
•
Loans and discounts
Bonds for circulation
Bonds for deposits ..
TJ S bonds on hand
Other stocks and b'ds
Due from res've ag'ts
Due from nat'l banks
Due from State banks
Real estate, &c
Current expenses
Premiums paid
Cash 1items
Clear g-house exch'gs
Bills of other banks..
Fractional currency
Trade dollars
Specie
Legal-tender notes ..
U. S. cert's of deposit.
Due fromU. S. Treas
Total

MARCH 10.

MAY 6.

JULYl.

OCTOBER 1.

4 banks.

5 banks.

5 banks.

5 banks.

5 banks.

$1, 593, 362 45
142, 5U0 00
75,000 00

$1, 549, 736 66
155, 000 00

$1,610,460 15
155,000 00

$1, 637, 800 47
155, 000 00

$1, 860, 906 47
155,000 00

56, 638
333, 790
204,971
5, 726
37, 169
29, 8f>4
32, 382
11,454

60,105
244, 627
201,650
84, 447
38, 624
11,322
16, 925
8, 747

60, 042
200,216
117, 3:*3
45, 547
38,637
19,231
16, 941
15, 565

68,411
337,611
258, 652
20, 924
38, 679
13, 668
16,644
13,101

74,153
244,907
295, 693
44, 863
38,821
26. 352
16, 577
9, 633

14
35
57
77
61
54
50
31

30
31
27
54
07
79
01
96

29
88
30
02
57
04
23
25

44
88
77
53
92
12
75
09

39
72
93
77
34
65
25
42

16, 770 00
289 13

18, 566 00
299 32

23,981 00
426 84

19, 014 00
265 16

17,763 00
154 65

108, 330 75
64,134 00

138,561 60
87, 417 00

164, 027 23
86, 700 00

170, 576 76
72,510 00

209, 694 85
64,416 00

7,125 43

10, 412 50

6, 975 00

6, 975 00

7, 675 00

2,719, 499 55

2, 626, 443 33

2, 561, 084 80

2, 829, 835 89

3,066,613 44




EEPORT OF THE COMPTROLLER OF THE CURRENCY.

245

by States and reserve cities—Continued.
W YOMING.
DECEMBER 20.

MARCH 10.

Liabilities.

MAY 6.

JULY 1.

OCTOBER 1.
5 banks.

4 banks.

5 banks.

5 banks.

5 banks.

$525, 000 00

$800,000 00

$800,000 00

$800, 000 00

$800, 000 00

80, 000 00
142, 535 27

134, 000 00
98, 803 17

134, 000 00
130, 327 27

139, 000 00
103, 917 43

140, 000 00
151, 593 32

125, 950 00

127, 450 00

137, 700 00

136, 500 00

139,500 00

Individual deposits...
U. S. deposits
Dep'ts TJ.S.dis. officers

1, 708, 042 44
17, 135 92
49, 908 03

1, 429, 881 56

1, 340, 956 04

1, 595, 710 87

1, 744, 352 95

Due to national banks

21, 357 47

31,461 69

15, 461 79

28, 442 42

61, 258 07

Due to State banks...

6, 906 76

4, 846 91

2, 639 70

26, 265 17

29, 909 10

Notes re-discounted..
Bills payable

42, 663 66
2, 626, 443 33

2, 561, 084 80

2, 829, 835 89

3, 006, 613 44

Capital stock
Surplus fund
Undivided profits
Ifat'l bank circulation
State bank circulation
Dividends unpaid

Total

2, 719, 499 55




INDEX.
Page.
INTRODUCTION

5

Number of banks organized during the year, with their capital and circulation
Location of banks organized during the year in States, with their number, capital, bonds deposited, and circulation issued
Location by geographical divisions
Number of banks organized since establish ment of system
Number of banks in liquidation since establishment of system
Number placed in hands of receivers
Number of banks expiring by limitation during the year
Number of banks extended during the year under the act of July 12, 1882
Number of banks to expire during November and December of present year
MINIMUM BONDS REQUIRED BY LAW

5
6
6
6
6
6
6
6
6

Tendency to limit deposit of bonds to minimum required by law
Decrease during past three years of bonds deposited in excess of minimum required by law.
Increase in number of banks organized with capital of $150, G O and under
O
Value of national-bank system to the public
EXTENSION OF CORPORATE EXISTENCE OF NATIONAL BANKS

6
6
7
7
7

Banks organized under act of February 25, 1863
Number organized underact of February 25, 1863, which extended their corporate existence.
Banks organized under act of J u n e 3, 1864
History of the act for extension of corporate existence
Action of banks expiring prior to the passage of the act of July 12, 1882
Decision of At torney-General
Dates of extension of banks organized under act of February 25,1863
Expiration of banks during the years from 1886 to 1899, inclusive, with their capital and circulation
Total number of banks extended Tinder act of July 12, 1882
Number of banks expiring from November 1, 1884, to November 1, 1885
Additional labor entailed upon the office
Expiring national banks generally extend their corporate existence
Provisions of the act of July 12, 1882, generally well adapted for the purpose
Amendment to section 5, act of July 12, 1882
Amendment to section 6, act of July 12, 1882
Anticipated deposit of legal-tender notes on and after February 2">, 1886
Attention called to provisions of section 9 of the act of July 12, 1882
Action taken by office to obviate difficulty anticipated February 25, 1886
Reappraisals of stock made by the office
•CIRCULATION OF THE NATIONAL BANKS

8
8
8
8
8
8
9
9
9
10
10
11
11
11
12
12
13
13
13
13

Aggregate bonds on deposit diminished during the year
Comparison of class and kind of bonds on deposit to secure circulation on November 1,1883,
1884, and 1885
Net decrease of circulation during the year
Reduction of national-bank circulation due to other causes
No laws affi cting national-bank: circulation enacted during last year
Reduction will continue unless the banks can make a greater profit on their circulation
Issue of notes unsecured by bonds considered
Suggestions as to safety-fund system
Results of the liquidation of 104 insolvent national banks in relation to unsecured circulation
Bank circulation being superseded by silver dollars and silver certificates
Number of silver dollars coined
Amount of silver dollars held in the Treasury and in circulation




5

247

14
14
14
15
16
16
16
17
17
18
18
18

248

INDEX.
Page.

CIRCULATION O F THE NATIONAL BANKS—Continued.

National b a n k s and silver certificates
Coining of silver dollars in excess of present requirements
Unsettled state of silver question
Probable effect of going to silver basis

1>
5
19
19
20

BANK-NOTE ISSUES O F OTHEH COUNTRIES

20

Introductory remarks
Necessity of Government enactment to protect the public from loss on bank-note issues
"Bank-note circulation in England
A c t regulating issue of bank notes in England
Amount of circulation of English banks, including t h e Bank of England
Proportion of actual circulation of English provincial banks to their entire liabilities
Amount of notes issued by the Bank of England
Notes of Bank of England secured by t h e Government debt or bullion
Notes of England joint-stock and private b a n k s based on their general credit
Bank of England issues notes for gold bullion
Tax paid by t h e Bank of England
Bank of England notes a legal tender
Action of Bank of England in times of financial distress
B a n k - n o t e issues in Scotland a n d Ireland
Privilege of additional issue enjoyed b y b a n k s in Scotland and I r e l a n d
Liabilities to individual sharehoLleis in Scotland a n d Ireland unlimited
Scotch and Irish b a n k s hold no special securities against their i s s u e s
B A N K S O F ISSUE O F C A N A D A

23

G eneral b a n k act of Canada
None but chartered banks permitted to issue notes
Law against over issue
Denominations of the bank notes
Bank notes a first charge on all assets of the bank
Liability of shareholders in Canadian banks
Cash reserve held
Branch banks and offices
Provisions as to Dominion notes

23
23
23
24
24
24
24
24
24

ENGLISH AUSTRALASIAN COLONIES

25

Australasian banks carried on under Scotch system
Reserve held
Laws in force
Large proportion of one-pound notes issued
Coin reserve
Taxes imposed
Banking in Australia much extended since 1873
Recent banking measures introduced in the New Zealand parliament

*..

BANK OF ISSUE OF FRANCE

BANKS OF ISSUK OF GEUMANY

25
25
25
26
26
26

Banking law of 1875
Position of Imperial Bank of Germany
Amount of circulation allotted to the Imperial Bank and the provincial banks
Annual tax on excessive issues
.Special rights of the Imperial Bank of Germany
Reserve required to be kept by the Imperial Bank of Germany
BANK OF ISSUE OF AUSTRIA

26
26
26
26
26
26
26

Austro-Hungarian Bank has exclusive right to issue notes
• Origin of the Austro-Hungarian Bank
*
Notes redeemable in coin
Penalty for non-redemption
Authorized issues
Regulations governing the Austro-Hungarian Bank

".

BANK OF ISSUE OF BELGIUM




25
25
25
25
25
25
25
25
25

Bank of France has exclusive right to issue notes
Notes of the Bank of France are based on the security of the general assets
No limitation to the circulation of the bank by law
Notes of Bank of Fiance a legal tender, redeemable in either gold or silver
Amount outstanding and reserve held on October 1, 1885

Issue of bank notes confined to the National Bank of Belgium
Notes of national bank a legal tender to the Government
Reserve required

20
20
21
21
21
21
22
22
22
22
22
22
221
23
23
23
23

26
26
26
26
27
27
27

-

27
27"
2T

INDEX.

249
Page.

BANK OF ISSUE OF THE NETHERLANDS

27

Netherland national bank has monopoly of issuing bank notes
Issues two classes
Reserve required

27
27
27

BANK OF ISSUE OF DENMARK

27

Bank of Copenhagen has exclusive privilege of issuing bank notes in Denmark
Issues without limit
Amount of notes outstanding December 31, 1884
BANK OF ISSUE OF NORWAY

28

Bank of Norway has exclusive privilege of issue in Norway
Laws relating thereto
Notes a full legal tender

28
28
28

BANKS OF ISSUE IN SWEDEN

28

Bank of Sweden founded in 1656
First bank in the world to issue notes
Kind and amount of notes in circulation
Reserve kept
Enskilda banks
Issue of notes by Enskilda banks and regulations controlling the same

28
28
28
28
28
29

BANK OF ISSUE OF RUSSIA

29

Imperial Bank of Russia has exclusive right to issue bank notes
No limit to issue of circulation
Connection of bank with the Government
Amount of notes oustanding at latest obtainable date

29
29
29
29

BANKS OF ISSUE OF SWITZERLAND

Cantonal and joint-stock banks
Issue unlimited
Tax on bank notes
No preference given to note-holders
Amount outstanding December 31, 1884

27
27
28

29

-

BANKS OF ISSUE OF ITALY.

Law governing the issues of bank notes in Italy
Issues of associated banks
Government loans to banks
Additional notes issued by banks
BANK OF ISSUE OF SPAIN

Bank of Spain has exclusive right to issue bank notes
Limit of issue
Notes payable in coin
BANKS OF ISSUE IN PORTUGAL

Issue of Bank of Portugal and other banks
Privileges of the Bank of Portugal
Notes outstanding December 31,1884
BANKS OF ISSUE IN J A P A N

National bank act of Japan
Number of national banks in operation in Japan
Amount of outstanding notes
Specie bank of Yokohama
Banking bureau and financial development of Japan
Establishment of Bank ofc Japan
Intentions of the Bank of Japan

29
29
29
29
29
29

29
29
30
30
30

30
30
30
30

30
30
30
30

30
30
30
30
31
31
31

INTEREST-BEARING FUNDED DEBT OF THE UNITED STATES AND AMOUNT HELD BY THE NATIONAL

BANKS.
Reduction of the funded debt since 1869
Amount held in foreign countries
Interest-bearing funded debt on August 31, 1865, July 1 in each succeeding year, and on November 1, 1885
SECURITY FOR CIRCULATING NOTES

Changes in the rates of interest on United States bonds deposited as security by the national
banks
Bonds held by the Treasurer as security for circulating notes November 1, 1885
Dates of authorizing acts
Profits on circulation merely nominal
COMPARATIVE STATEMENTS OF THE NATIONAL BANKS FOR ELEVEN YEARS

Resources and liabilities of national banks on October 1,1885
Twenty-five States having largest amount of banking capital, together with amount of circu loans, and deposit
lation,



31
31
31
32
32

33
33
33
33
34

35
36

250

INDEX.
Page.

^REDEMPTION

36

Maintenance of the 5 per cent, redemption fund
National-bank notes redeemed by the Treasurer at the expense of the banks
National-bank notes received monthly by the Comptroller of the Currency and at the redemption agency of the Treasnry from November, 1884, to November, 1885
Amount received by the redemption agency from principal cities
Increase in redemption of notes fit for circulation
Total amount received by the Comptroller of the Currency for destruction;
Number and amount of national-bank notes of each denomination issued and redeemed since
the establishment of the system and on November 1, 1885
Eeference to table in appendix showing amount of national-bank notes outstanding by donominations on October 1 of the last thirteen years
r..
National-bank notes received and destroyed in the office of the Comptroller of the currency
yearly since the commencement of the system
NATIONAL BANK FAILURES

Failures since last year
Affairs of insolvent banks finally closed during the year
Insolvent banks closed with the exception of litigation
:
List of insolvent banks which paid dividends during the year
Decrease in number of failures during the year 1885
Action under criminal section of national-bank law
Number of banks in hands of receivers since the commencement of the system
Number of banks in voluntary liquidation
Number of insolvent banks finally closed
Number of insolvent banks in process of settlement
Losses to depositors in national banks
Total dividends paid creditors of insolvent national banks
Dividends paid creditors of insolvent national banks duiing the year
Assessments upon stockholders and amounts collected therefrom

37
37
37
37
37
37
38
38

1

TAXATION

Tax on circulation the only remaining Government tax
Cost of the national-bank system to the Government, how paid
Suggestions as to repeal of law for taxation of circulation
How expenses of the national -bank system may be paid if tax is repealed
T ..
Total expense of the office of Comptroller of the Currency from the date of the establishment of the system
Total tax collected on circulation during the fiscal year ending J u n e 30, 1885
Taxes paid by the national banks on circulation, deposits, and capital from 1864 to 1885, inclusive
Taxes paid by banks other than national banks on circulation, deposits, and capital from
1864 to 1882
STATE TAXATION OF NATIONAL-BANK SHAKES

Recent important decision by the United States Supreme Court
Original national currency act did not authorize States to tax national banks
Reasons for granting the privilege
Power to tax national-bank shares granted by the act of J u n e 3,1864
Question as to the exemption of United States bonds held by the national banks
Opinion of Hon. Freeman Clarke Comptroller of the Currency
Decision of the United States Supreme Court in Van Allen v. Assessors
Distinction as to property in national-bank shares
Decision of the United States Supreme Court in Peoples. Commissioners
Decision of UDited States Su pi erne Court in Lionberger v. Rouse
Effect of act of February 10, 1868
Action of Congress upon approving Revised Statutes
Method in which validity of State tax on national bank shares is to be determined under
present law
Classification of discriminations made in taxation of national bank shares
Decision of the United Slates Supreme Court in Pelton v. Commercial National Bank, of
Cleveland; Cummings v. Merchants National Bank, of Toledo; in People v. Weaver; in
Evansville Bank v. Britton ; Supervisors v. Stanley ; Hepborn v. School Directors ; Boyer
v. Boyer
Effect of decision in Boyer v. Boyer
Action of banks in city of New York
State and municipal taxation of national bank notes




36
36

38
38
39
39
40
40
40
40
40
40
40
40
40
40
41

41
41
41
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41
41
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46
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47
47

INDEX.

251
Page.

LOANS AND HATES OF INTEREST

47

Classification of loans of national banks in New York and other reserve cities on October 2,
1883, September 30, 1884, and October 1,1885
Classification of loans of national banks in New York City for the last five years
Recommendation renewed t h a t the law should be amended to relieve from the limit of 10
percent, of capital, loans on United States bonds, produce and warehouse receipts
R A T E S OF INTEREST IN N E W Y O R K CITY AND IN FOREIGN COUNTRIES

48
49

Average rate in New York for the fiscal years from 1875 to 1885
Aver age rate of the Bank of England at same dates
No change in rate of discount of Bank of England during the past year
Rates in New York City for the four months previous to November 1, 1885, and on that date.
Changes in the rate of discount of the Bank of France during the year 1885
Denominations of bills discounted by the Bank of France for the year 1884
DIVIDENDS AND EARNINGS

National bank system not weakened by commercial failures during 1884 and 1885
Surplus and undivided profits on September 30, 1884, and October 1, 1885, compared
Losses of national banks during the last five years
Dividends paid by banks in foreign countries and in the United States compared

48
48

49
49
49
49
49
50
50

.

TRANSACTIONS OF THE N E W Y O R K CLEARING H O U S E

Average daily balances
4
Total amount of settlements during the year
Form in which balances were paid
Balances due from the Government paid in gold certificates and legal-tender notes
Transactions of the New York Clearing-House for thirty-two years
Transactions of Assistant Treasurer of the United States at New York for the year ending
October 31, 18*5
Reference to clearing-house tables in the Appendix
Transactions of clearing-houses located in New York and other cities for the week ending
October 31, 1885, and for the corresponding week in 1884
Transactions of the same clearing-houses for the month of October, 1884 and 1885
Transactions of clearing-houses located in 25 cities for the year ending October 31,1885
Large proportion of exchanges in New York City.
CLEARING-HOUSE CERTIFICATES

Law in reference to United States clearing-house certificates
Legal-tender certificates and amount outstanding at various dates
Gold certificates, act of March 3, 1^63, and amount outstanding at various dates
Gold certificates issued against gold deposited with the bank of America and amount outstanding at various dates
Gold certificates authorized by the act of J u l y 12, 1882
Clearing-house certificates based on fractional silver coin
Gold and silver certificates held by the Treasurer and the banks
Clearing-house certificates issued to Metropolitan National Bank
RESERVE

Net deposits and the amount and classification of reserve held by the banks in New York
City and other reserve cities, and by the remaining banks at various dates
Movement of reserve for the last nine years as shown by returns made to the New York
Clearing-House
UNITED STATES LEGAL-TENDER NOTES AND NATIONAL HANK CIRCULATION

Sketch of the history of legal-tender notes, amount and kinds of outstanding currency of the
U n r ed States and of the national banks, August 31, 1865, aud on November 1, 1885
Lawful money deposit under act J u n e 2C, 1874
Nation; 1 bank circulation redeemed since J u n e 20, 1874
National-bank circulation issued and retired by the banks located in each State since J n n e
20, 1874
\
Additional circulation issued and circulation retired during the year
Lawful money deposited during the year to retire circulation
Total amount of lawful money deposited under act of J u l y 12, 1882
Lawful money on deposit by insolvent and liquidating banks, by banks reducing circulation
on the first day of each of the last five mouths
..
.

50
50
50
51
51

52
52
52
52
52
53
53
53
53
54
54
54

54
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55
55
55
55
56
56

56
57
58

58
58
58
59
60
60
60
60

DENOMINATIONS OF PAPER CIRCULATION OF THE UNITED STATES AND OF THE BANKS OF FOREIGN
COUNTRIES

Smallest denomination of national-bank notes now issued
Denominations of national-bank and legal-tender notes outstanding October 31, 1885, and aggregates for the two previous years
Percentage of different denominations now outstanding




60

60
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252

INDEX.
Page.

UNITED STATES LEGAL-TENDER NOTES AND MATFONAL BANK CIRCULATION—Continued.

Circulation of Imperial Bank of Germany on January 1,1885, by denominations
Increase in the circulation of the Imperial Bank of Germany during the year
Circulation of the Bank of France January 1, 1885, by denominations
Decrease in the circulation of the Bank of France during the year
Smallest denominations issued by foreign banks
DISTRIBUTION OF COIN AND PAPER CURRENCY

Net imports and estimated gold production since resumption of specie payment
Standard silver dollars coined during the year
Coin and currency in the country on the date of resumption and on November 1, 1882,1883,
1884, and 1885
,
Decrease in national bank-notes during the year
Increase or decrease during the year in coin and currency
Gold, silver, and currency in private, state, and national banks on date of resumption and
on November 1, 1882,1883, 1884, and 1885
Gold, silver, and currency in the country outside of the banks and Treasury on the same
dates
Increase of gold in the Treasury and in the banks during the year
Issue of silver certificates and amount outstanding on the date of resumption and on November 1 of the last five years
Decrease in circulation and silver certificates during the year
Gold certificates issued under act of July 12, 1882
SPECIE IN BANKS AND IN THE TREASURY OF THE UNITED STATES AND ESTIMATED AMOUNTS IN THE
COUNTRY
.„

Specie held by the banks for the last eleven years
Silver coin and certificates held by the national banks
Specie held by the banks other than national, as reported to the State officers
Estimate of the Director of the Mint as to the coin in the country on J u n e 30, 1885
Estimated increase from J u n e 30. 1885, to November 1, 1885
Amount of gold and silver bullion in the mint and in New York assay office October 1,1885.
Gold and silver in the Treasury of the United States on September 30 of each year from 1876
to 1885, and on November 1, 1885, with the percentage of each
Coin and bullion in the Bank of England each year from ] 870 to 1885
Gold and silver in the Bank of France each year from 1870 to 1885
NUMBER, CAPITAL, AND DEPOSITS OF STATE AND SAVINGS BANKS AND PRIVATE BANKERS

Act of Congress requiring the Comptroller to obtain information in reference to banks organized under State laws
State banks, trust companies, and savings banks with capital and without capital, by geographical divisions, with their number, capital, and deposits ... ..
State banks, savings banks, private bankers, and natior»al banks, by geographical divisions, with their number, capital, and deposits
Total number of banks and bankers in the country
Number, capital, and deposits of each of the class of banks, for the seven years ending November 30, 1882
Repeal of the law taxing capital and deposits of State banks and private bankers
AMOUNT OF UNITED STATES BONDS HELD BY BANKS ORGANIZED UNDER STATE LAWS

United States bonds held by State banks in 1881, 1882, 1883, 1884, and 1885, arranged by geographical divisions
STATE BANKS, TRUST COMPANIES, AND SAVINGS BANKS

States from which returns have been received through the courtesy of State officers . . . . . . .
Resources and liabilities for the last five years of State banks and trust companies in operation
States in which the above banks and companies are located
Resources and liabilities of savings banks for the last five years
Savings banks in the city of Philadelphia
Comparison of the deposits of savings banks and trust companies with those of national
banks
.Average per capita savings bank deposit accounts in New EDgland
Average per capita savings bank deposit accounts in the State of New York
Reference to State bank statistics in Appendix
Private bankers, impossible to obtain authentic information in regard to them
Reference to tables in the Appendix giving information for previous years
Special attention called to the synopsis of judicial decisions, and to tables in the Appendix
and to the index of subjects and list of tables to be found at the close of the Appendix
Reference to the industry and efficiency of officers and clerks in the office of the Comptroller.




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INDEX.

253

TABLES CONTAINED IN THE APPENDIX.
Page.
Names and compensation of officers and clerks in the office of the Comptroller of the Currency,
and expenses for the fiscal year ending June 30, 1885
75
Synopsis of the decisions of the Supreme and circuit courts of the United States and of State
courts of last resort upon national-bank questions
...
77
Number and capital of national banks the corporate existence of which was extended prior to
November 1, 1885
107
National banks whose corporate existence will expire during the year 1886
107
Number of banks organized and in operation, with their capital, bonds on deposit, and circulation issued, redeemed, and outstanding, on November 1, 1885
108
Number and denomination of national bank notes issued and redeemed, and the number of each
denomination outstanding, on November 1 in each year, from 1873 to 1885
109
Losses that would have been incurred bv the holders of notes of insolvent national banks if
such notes had been unsecured except by a first lien on the general assets of the respective
banks, giving results if the issue of such unsecured notes had been permitted to the extent of
90, 80, 70, 50, and 23 per cent, of the capital
110
Percentage of circulation unredeemed of banks that went into voluntary liquidation from January 1, 1879, to January 1, 1881, on November 1, 1882, an average of three years from date of
liquidation
114
Percentage of circulation unredeemed of banks that went into voluntary liquidation from Jannary 1, l)-79, to January 1, 1881, on November 1, 1885, an average of six years from date of
liquidation
115
Principal liabilities and resources on October 1, 1885, of the national banks, by States and reserve cities, arranged in eight principal divisions
116
Number of banks with capital of $150,000 and under, and with $150,000 and over, in each State,
7
Territory, and reserve cit5 , with amount of bonds deposited to secure circulation on October
1, 1885
120
Number of banks in each State, Territory, and reserve city, with capital, minimum of bonds
required, bonds actually held, and circulation outstanding October 1, 1885, and increase of
circulation if authorized to par value of bonds
122
Monthly increase and decrease of national-bank circulation from November 1, 1881, to October
31, 1885, to which is added the preceding yearly increase and decrease since January 14,1875.. 124
Average prices (flat and net) of and rates of interest realized to investors in the United States
four per cents and four and one-half per cent, bonds from October 1, 1884, to September 30,
1885, inclusive; annual profit on national-bank circulation125
Amount, by States, of national-bank circulation issued, of lawful money deposited in the United
States Treasury to retire such circulation, from June 20, 1874, to November 1, 1885, and the
amount remaining on deposit at the latter date
126
National banks that have gone into voluntary liquidation under sections 5220 and 5221, Revised
Statutes of the United States, with the dates of liquidation, amount of capital, circulation
issued and retired, and circulation outstanding November 1, 1883
127
National banks that have gone into voluntary liquidation under sections 5220 and 5221, Revised
St-'tutes of the United States, for the purpose of organizing new associations, with date of liquidation, capital, circulation issued, retired, and outstanding November 1, 1885
135
Names of banks in liquidation under section 7, act July 12, 1882, with date of expiration of charter, circulation issued, retired, and outstanding November I, 1885
137
Names of banks in liquidation under section 7, act of July 12, 1882, with date of expiration of
charter, circulation issued, retired, and outstanding, succeeded by associations with the same
or different title, November 1, 1885
138
Similar exhibit, with lawful money deposited, &c, in regard to national banks in the hands of
receivers
139
Insolvent national banks, with date of appointment of receivers, capital stock, claims proved,
and rate of dividends paid
141
Classification of the loans and discounts of the national banks in New York City, in Boston,
Philadelphia, and Baltimore, in the other reserve cities, and in the States and Territories on
October 1, 1885
144
Liabilities of the national banks, and the reserve required and held at three dates in each year
from 1882 to 1885
145
Dividends and earnings of the national banks, arranged by geographical divisions for semi annual
periods from September 1, 1876, to September 1, 1885
146
Abstract of reports of dividends and earnings of national banks in the United States from September 1, 1884, to March 1, 1885
148
Similar exhibit from March 1, 1885, to September 1, 1885
150



254

INDEX.

Fag©;
Ratios to capital and to capital and surplus of the dividends and earnings of national banks, from
March 1, 1881, to September 1, 1885, shown by States and reserve cities
152
Clearings and balances of the banks of New York City for the weeks ending at the dates given. 154
Average weekly deposits, circulation, and reserve of the national banks of New York City, as
reported to the New iTork Clearing-house, for the months of September and October in each
year from 1878 to 1885
155State of the lawful money reserve of the national banks, as shown by their reports, from October 2,1879, to October 1,1885
15$
Lawful money reserve of the national banks, as shown by the reports of their condition at the
close of business on October 1,1885
158:
Number of State banks and trust companies, private bankers, and savings banks, with the average amount of their capital, deposits, and investments in United States bonds for the six
months ending May 31,1880
160
Similar exhibit for the six months ending May 31,1881
162
Similar exhibit for the six months ending May 31,1882
164
Similar exhibit for the six months ending November 30,1882
166
Number of State banks, savings banks, trust companies, and private bankers, with their average capital and deposits, and the tax thereon, for the six months ending November 30, 1882.. 168Number and average capital and deposits, by geographical divisions, of State banks, private
bankers, and trnnt and loan companies, and of savings banks with and without capital, for the
six months ending November 30, 1875
169
Similar exhibit for the six months ending May 31, 1876
16£
Similar exhibit for the six months ending November 30,1876
169
Similar exhibit for the six months ending May 31, 1877
.169Similar exhibit for the six months ending May 31, 1878
169>
Similar exhibit for the six months ending May 31, 1878, combining State banks, savings banks,
private bankers, and trust, companies, and showing, in addition, the number, capital, and deposits of national banks on J u n e 29, 1878 —
170
Number and average capital and deposits, by geographical divisions, of State banks and trust
companies, private bankers, and savings banks with and without capital, for six months ending May 31, 1879, the private bankers being given separately
170'
Similar exhibit, in which the State banks, savings banks, private bankers, &c, are combined,
showing, in addition, the number, capital, and deposits of national banks on June 14, 1879.
171
Similar exhibit for six months ending May 31, 1880, showing the State banks and trust companies combined, and private bankers, savings banks with capital and without capital, separately
171
Similar exhibit showing the State banks, savings banks, private bankers, & c , combined, for
six months ending May 31, 1880, and the national banks separately on J u n e 11,1880
171
Similar exhibit for six months ending May 31, 1881, the private bankers being given separately.. 172
Similar exhibit for six months ending May 31, 1881, the national banks for June 30,1881.
172
Similar exhibit for six months ending May 31, 1882, the private bankers being given separately.. 172
Similar exhibit for six months ending May 31, 1882, the national banks for July 1,1882
173
Similar exhibit for six months ending November 30, 1882, the private bankers being given separately
173
Similar exhibit for the six months ending November 30, 1882, the national banks for December
30, 1882
173
Resources and liabilities of State banks at various dates
17 4Aggregate resources and liabilities of State banks from 1881 to 1885
176
Resources and liabilities of trust and loan companies at various dates
177
Aggregate resources and liabilities of trust and loan companies from 1881 to 1885
177
Resources and liabilities, by geographical divisions, of State banks and trust companies, 1884
and 1885
178
Resources and liabilities of savings banks organized under State laws at various dates
178
Aggregate resources and liabilities of savings banks from 1881 to 1885
180
Aggregate deposits of savings banks, by States, with the number of their depositors and the
average amount due to each in 1884 and 1885
180,
Amount of national bank and legal-tender notes outstanding on J u n e 20, 1874, January 14, 1875,
May 31, 1878, and November 1, 1885, and the increase or decrease in each .
181
Aggregate resources and liabilities of the national banks from October, 1883, to October, 1885 . . . 182
Abstract of reports ot the condition of national banks on December 20, 1884, March 10, May 6,
July 1, and October 1, 1885
201.




c