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ANNUAL REPORT COMPTROLLER OF THE CURRENCY TO THE SECOND SESSION OF THE FIFTY-SECOND CONGRESS OF THE UNITED STATES. DECEMBER 5, 1892. IN TWO VOLUMES. V O L U M E I. WASHINGTON: CrOYERJWENT PRINTING OFFICE, 1892, TREASURY DEPARTMENT, Document No. 1565, 3d ed. Comptroller of the Currency, TABLE OF CONTENTS, Page, Report submitted to Congress 3 Trade balance and condition of t h e national banks 3,4 Cash held b y national banks 5 Currency and exchanges , 5 P a p e r money in circulation 6 Coinage of silver 6,7 Profit on circulation of national banks 8 F u n d i n g of t h e national debt 10 Statistical information w i t h respect to financial institutions organized under State statutes 11-16 Clean money 16 Statement of national b a n k s organized d u r i n g t h e year 17 States leading in numerical accessions, capital, and deposits 17 N u m b e r and capital of national banks organized and closed since establishment of system 18 Amendments to present laws 18 United States attorneys as s t a t u t o r y counsel for receivers 19-21 Closed national banks 22 Domestic exchanges 24 A m o u n t of drafts drawn by national banks, comparison for throe years and rates of exchange 25-31 Substitutes for money 31-39 I m p r u d e n t methods of b a n k i n g 39 Directors and officers 40 Excessive loans 41 Examiners 43 Comparative statements of the national b a n k s 45 Extension of t h e corporate existeuce of national banks 48 Circulating notes 49 Increase or decrease of circulation 50 Banks without circulation 51 Security for circulating notes 52 Interest-bearing funded debt of t h e United States and amount held by national b a n k s 54 M a r k e t prices of United States bonds 55 I n v e s t m e n t value of United States bonds 56 Issues and redemptions..., 57 Additional circulation issued and retired during t h e year 58 National-bank notes received and destroyed yearly since the establishment of the system 59, CO Redemption of notes of banks reducing circulation, and of failed and liquidating banks 60 Tax upon circulation, redemption charges, assessments, and amounts collected 61 Loans b y national banks in reserve cities and country 61 Failed b a n k s 65 Causes of failure 60 Dividends paid to creditors of failed b a n k s 73 Inactive receiverships 74 B a n k s in liquidation 75 Legislation 75 Legal decisions 77 Clearing-house associations 77-83 State, savings, private banks, loan and t r u s t companies 83-89 Conclusion 89 I II TABLE OF CONTENTS. APPENDIX. Pa^e. Names and compensation of officers and clerks „ 93 Expenses of the office for the fiscal year 94 Names and addresses of national-bank examiners 94 Index to digest of decisions of the courts in cases afflding national banks 95 Digest 97 National banks organized, in liquidation, and in operation, with capital, bonds, and circulation October 31, 1892 127 Summary of the state and condition of national banks reporting during the year ended September 30, 1892 128 Comparative statements of the national banks for fifteen years from 18(54 129 Authorized capital stock each month from January 1,1871, to November 1, 1892, with amount of bonds, circulation, and lawful money deposited for redemption 130 Changes in capital, bonds, and circulation by geographical divisions , 134 Additional circulation issued and lawful money deposited to October 31,1892 139 National-bank notes outstanding and the amount and kind of United States bonds on deposit. 140 Increase or decrease of circulation quarterly and for the year ended October 31, 1892 141 National-bank notes issued, redeemed, and outstanding, by denominations, since the establishment of the system 142 National gold bank notes issued, redeemed, and outstanding 145 National-bank notes issued during the year 145 Minimum amount of bonds required and the amount actually held September 30, 1892 146 National banks with capital of $150,000, under and over, and the increase or decrease of capital during the year 148-151 Classification of loans and discounts 152 Amounts of coin and coin certificates held in 1888,1889,1890,1891, and 1892 153-159 Lawful money reserve 100 Liabilities and required reserve 162 State of the lawful money reserve from 1886 164 Reserve held and classification by geographical divisions 166 Deposits, circulation, and reserve of national banks in New York City by months 176 Movement of reserve of national banks in New York City for sixteen years 177 Abstract of earnings and dividends, September 1, 1891, to September 1, 1892 178-185 Ratios of capital and surplus to earnings and dividends 186 Earnings and dividends for semiannual periods 188 National banks in voluntary liquidation under sections 5220 and 5221, Revised Statutes 190 National banks in liquidation succeeded by associations with same or different titles 202 National banks in liquidation for the purpose of reorganization 203 National banks in liquidation under section 7 of the act of July 12, 1882 205 National banks in the hands of receivers 206 Insolvent national banks, assets, collections, disbursements, expenses of receiverships, dividends paid 214 Abstract of reports of condition of State banks, loan and trust companies, savings and private banks 227 Reports of condition of the National Savings Bank, The National Safe Deposit Company, The Washington Loan and Trust Company, and The American Security and Trust Company, of the District of Columbia , 249-252 Condition of the Canadian banks .' 252 Statements of condition of the banks of the United States and State banks, 1774 to 1892 253 Aggregate resources and liabilities of national bank s from 1863 to 18D2 325-345 Summary of the state and condition of national banks on dates of report during past year 347-397 General index „.. 399 Condition of each, national bank at close of business September 30, 1892 Vol. II REPORT OF THE COMPTROLLER OF THE CURRENCY. DEPARTMENT OF THE TREASURY, OFFICE OF THE COMPTROLLER OF THE CURRENCY, Washington, D. (7., December 5, 1892. SIR: I have the honor to submit for the consideration of Congress? in compliance with the provisions of section 333 of the Eevised Statutes of the United States, the thirtieth annual report of the Comptroller of the Currency. The year covered by this report ended October 31,1892. The crop of 1891 was phenomenal in all the great staples produced by this country, and at the same time a partial failure of the cereal crop in Europe created an unusual demand for our food products. The total value of our merchandise exports for the fiscal year ended July 1, 1892, exceeded one billion dollars—$1,030,335,000. 1891. 1892. The merchandise balance of the United States (excess of exports over imports) for the fiscal year ended July 1 J $39,565,000 ! $202,934,000 Excess of exports over imports, gold and silver I 72,703,000 i 13,352,000 Trade balance j 112,268,000 i 216,266,000 The remarkable feature is that we were compelled to add to an export merchandise balance of $242,000,000 over $86,000,000 in gold and silver. Europe's short crop followed a serious financial crisis, which unsettled values, disturbed confidence, and entailed heavy losses. Instead of paying for our cereals from their surplus, they were obliged to draw upon their principal. In a normal condition of affairs this large merchandise balance in our favor would have resulted in large gold imports; instead, they sent us our securities. The interest upon American securities held abroad aggregates a large amount, and its payment forms a continuous factor in international balances. The return of any portion of our securities increases our wealth at home, and the reieptjpn $f the earnings of guofa securities 3 REPORT OF THE COMPTROLLER OF THE CURRENCY. adds to our home prosperity. The absorption and assimilation of so large an amount in so short a period of time may have produced temporary disturbance, but the permanent effect is beneficial. The financial needs of Bussia, and the accumulations of gold by Austria-Hungary, with a view to the resumption of specie payments upon a gold basis, caused a premium to be paid for gold exports, and was an important cause of its outflow. Distrust of our monetary legislation, and the fear on the part of Europe that we were drifting towards a silver basis, also had an important influence upon gold exports. The national banks held on September 30, 1892, nearly $22,000,000 more gold than on September 25, 1891. This, coupled with the known fact that many State banks and trust companies have also fortified themselves with a gold reserve during the year, shows that the fear that we were drifting towards a silver basis was not confined to foreigners. All periods of monetary stringency, which necessarily restrain and curtail business ventures, are followed by a plethora of money. On June 18, 1892, the total deposits in the associated banks of the city of New York were $543,663,100. The highest amount ever reached before was $455,306,300 on December 26,1891. The same plethora of money existed in all money centers 5 the rate of interest for the year averaged, on demand loans, 1 £ per cent to 3 per cent, and time loans and commercial paper ranged about 2 per cent higher. The cholera at home and abroad, with attendant quarantine restrictions, has held trade in fetters, and, to some extent, impaired the business of the year. The vigorous measures adopted by our authorities reduced it to control and kept its baleful influence at a'ininimuin. With conditions in the United States favorable for a year of unusual, prosperity, speculation has been held in check and business kept within conservative? limits. The lessons taught by the monetary stringency of 1890- 91, which fell so heavily upon all whose business was too much extended, have not yet been forgotten. Ahardening process has obtained, and yet the record of the year covered by the report characterizes it as one of growth and prosperity. COMPARATIVE STATEMENT OF THE CONDITION OF THE NATIONAL BANKS WITH RESPECT TO CERTAIN ITEMS AT NEARLY CORRESPONDING DATES FOR THE YEARS 1891 AND 1892. 1891. Increase. 1892- I Decrease. 3,788 94 3,694 Number of banks in existence October 31 $684, 755, 865 $693, 868, 665 $9,112,800 j Capital stock 11,932. 650 I 164,883.00C 152,950, 350 Bonds deposited to secure circulation | 247,588 j 172, 432,146 172,184, 558 Bank notes outstanding j Lawful money deposited with the Treasurer, United States to redeem circula$10, 239, 638 35, 430, 721 25,191,083 tion outstanding Surplus and undivided profits September 330, 861,159 9, GG3, 020 340, 524,179 25 and 30, respectively Individual deposits September 25 and 30, 1,588, 318, 081 1, 765, 422,983 177,104,902 respectively . Bank deposits September 25 and 30, re430, 594, 774 I 530, 653, 202 100, 058, 428 spectively Total resources September 25 and 30, re3, 213,080, 271 i 3, 510, 094, 897 j 297,014,626 spectively ,1 The above table shows a large decrease in the lawfnl money deposit to redeem circulation. The net circulation outstanding has increased 110,487,226 during the year, REPORT OF THE COMPTROLLER OF THE CURRENCY. 5 The following table shows the total cash held by national banks including 5 per cent, redemption fund, and mutilated currency in process of redemption for the years 1891 and 1892. Bills of other national banks Fractional paper currency, nickels and cents Specie, viz: Gold coin Gold Treasury certificates Gold clearing-house certificates Silver dollars Silver Treasury certificates Silver fractional coin Legal-tender notes United States certificates of deposit for legal-tender notes Five per cent redemption fund Due from United States Treasurer, mutilated currency Total Net increase Increase. 1891. 1892. $19, 991,167. 00 $19, 557,474. 00 867,462.37 934, 648.37 $67,186. 00 84,464, 347. 24 60,173, 670. 00 7, 300, 000. 00 . 6, 348, 573.00 20, 409, 735.00 4, 818, 750.67 97,615, 608.00 95, 021, 952. 77 71,050,180. 00 7, 860, 000. 00 6, 785, 084. 00 22,993,4M. 00 5, 405, 71tt. 92 104, 267, 945.00 10, 557, 605. 53 10,876,510.00 560, 000. 00 436, 511. 00 2, 583, 716. 00 586, 960. 25 6, 652, 337. 00 15, 720,000. 00 6,536, 9L'l. 51 13, 995, 000. 00 7,139, 564. 69 602, 633.18 1,457,807. 85 1,106, 987. 93 325, 704,052.64 356,117,998. 68 .. Decrease. $433, 693.00 1, 725, 000.00 350, 819.92 32, 923,458.96 2, 509, 512.92 30,413,946.04 | CURRENCY. The business of banking is exchanging a generally known value or credit for a local value or credit. This definition applies equally to the money changers of the temple and to the banks of to-day. In the wonderful development of commerce and manufactures which has followed increased facilities for communication and transportation, banking, though hand in hand with trade, is ever in the lead; for credit, or money, is the motor which moves the wheels of progress, and all financial transactions, whether local, national, or international, have become mainly a matter of bookkeeping. Throughout the United States every locality has its bank, and most people, however limited their business transactions, have bank accounts, through which they pay their indebtedness. Bank accounts are generally used as the most convenient and most accurate method of keeping a cash account. This practice does not obtain in European countries in any such proportion. In this country, in the village having a single bank, the artisan pays the merchant by check, or vice versa, and the payment is usually consummated by a transfer of credit upon the books of the bank. Thus does the single bank become a clearing house for the community, and the actual transfer of money is minimized. The day's exchanges in our larger cities are adjusted through a clearing house, where each bank is credited with the total demands it holds against all other banks, in the same place, and is debited with the total demands which the other banks hold against it, and either pay§ or receives the balance, simply,, in money. The aggregate clearing-house transactions for the year ended October 31, 1892, in 57 clearing-house cities, were $61,017,839,067, the balances were (partly estimated) $4,881,777,289. Thus, by a simple device of bookkeeping, this immense volume of business was done by means of 8 per cent of actual money. Our international banking and commercial transactions are settled upon a system of balances through a few leading banks and banking houses that deal in foreign exchange. When the exchange market affords no bill of exchange to be remitted, gold is shipped to settle the 6 REPORT OF THE COMPTROLLER OF THE CURRENCY. balance of trade existing against such nation, and when so shipped, whether bars or coin, it goes simply as commodity, at its market value, precisely like merchandise. Thus it appears that the bulk of the world's business transactions is done upon credit, witnessed by bookkeeping, and the percentage represented by actual money transfer is very small, in the United States less than 8 per cent. A man goes to his bank with his note, a local credit, and procures its discount, receiving the proceeds in a generally known credit or value, namely, a bank draft, or certificate of deposit, or money—something available for the contemplated business. The bulk of all business transactions is adjusted by the contracting parties, whether banking or otherwise. It is the portion in which money passes that appeals to the Government for regulation. It is the recognized constitutional duty of government to furnish for its citizens a circulating medium adequate to their needs and convenient for their use. Gold and silver are the recognized money of the world, because they possess value in themselves, are conveniently coined, not easily counterfeited, exist in quantity sufficient to supply the demand, and are not so redundant as to unduly impair their value. Such money is adequate to the public want, but not convenient for public use, except in small change transactions. Paper money is a business necessity. Paper money possesses no value, simply represents value. A currency to serve the demands of business must be sound—no doubt of its redemption. It should be elastic, that it may expand and contract, as the tide of business ebbs and flows. If supplied by the Government, the expense is borne by the taxpayers. If supplied by banks, it must possess an element of profit. It will readily issue so long as there is a profit. It may be made to contract by fixing a standard of issue and taxing the excess, so that the excessive issue would be retired with the cessation of the necessity which called it into existence. The amount of paper money in circulation October 31, 1892,was: National-banknotes United States notes (greenbacks) Treasury notes Gold certificates Silver certificates Currency certificates Per cent of national-bank notes, 16.04. $172,432,146 332,080,234 114, 567,423 120,255,349 324, 552,532 10,550,000 1, 074,437,684 The Government can not issue money gratuitously. It can only put it in circulation in exchange for some value or obligation. It can not pay its bonds in anything other than coin of standard value. By the terms of the act of February 28, 1878, the Secretary of the Treasury was directed to purchase and coin into silver dollars silver bullion not less in value than $2,000,000 worth and not more than §4,000,000 worth monthly. This act was supplanted by the act of July 14, 1890. While in force the Government purchased silver and coined 378,166,793 standard dollars, the seigniorage on which (that is, the difference between the price paid for the silver and the face value of the coinage) was $69,967,531. Total coinage of silver dollars under act of February 28, 1878 Total cost of silver bullion used in such coinage Seigniorage or apparent profit Bullion value of such silver October 31, 1892 Difference between actua] cost and market value October 31, 1892 $378,166, 793 308,199,262 69, 967,531 250, 493,936 57, 705,326 REPORT OF THE COMPTROLLER OF THE CURRENCY. 7 This coinage accumulated in the Treasury vaults until the happy device was conceived of putting it in circulation by the use of paper substitute. As shown above, $324,552,532 are serving the people by proxy. Under the act of July 14, 1890, the Government purchases monthly 4,500,000 ounces of silver, and pays for the same in Treasury notes issued for that purpose and equal at par to the cost of such silver. Thus the currency of the country is arbitrarily increased monthly. Up to November 1, 1892, the total issue of such notes has been $116,611,233. The present market value of the silver purchased is $102,648,944, showing a depreciation in value of $14,134,646. This act was a compromise measure, designed to prevent the unlimited coinage of a dollar of full debt-paying power containing less than a dollar's worth of silver. From its nature (arbitrarily adding a large amount to the currency monthly) it is evident that it was intended to be temporary. The severest commentary upon our silver coinage is the fact that it offers an inducement to the counterfeiter to coin a dollar exactly reproducing the genuine in quality and intrinsic worth, as well as form and design, the profit to the counterfeiter being represented by the difference between the market value of the silver contained in the coin and its face value, which was October 31, 1892, 33J cents. In view of the above statistics, the silver currency furnished by the Government will hardly commend itself to the public on the score of economy. It is in sharp contrast with the national-bank currency, which has paid into the Treasury in taxes $72,670,412.30. What the settled policy of Congress as to the future currency may be remains to be seen. If furnished by the Government, it will possess the quality of soundness, for nothing can be better than the Government under which we live; but it cannot possess elasticity. Elasticity means conformity to business wants, the supply quickly responding to the demand, and not conformity to fixed rules and statutory laws. The Government in the very nature of things cannot supply such currency as the public requires. The national banks can and with proper legislation would supply this want fully and completely. Large appreciation of the price of United States bonds, the basis for circulation, large depreciation of the rates of interest, and onerous taxation have made circulation unprofitable, and the volume has fallen from $362,889,134, September 30, 1882—the highest amount in circulation at any one time—to $172,426,610 atthecloseof the last fiscalyear. The volume would have beenmuch more contracted but for the fact that all national banks, whether they take out circulation or not, are obliged to own and assign to the Treasurer of the United States in trust interest-bearing bonds of the United States, and in case their capital is $150,000 or less, to the amount at par of one-fourth their capital stock. If the capital exceeds $150,000, they are required to have on deposit in the Treasury not less than $50,000 in bonds. Being obliged to own these bonds, to measureably lessen the cost of carrying such high-priced securities, they take out circulation. The following carefully prepared tables show the profits upon circulation based upon a deposit of $100,000, bonds. June 30 was selected, as it marks the close of an interest period for Government bonds. 8 REPORT OF THE COMPTROLLER OF THE CURRENCY. J U N E :u>, 1892—2 PER CENTS. $100,000 two's at par interest Circulation, 90 per cent on par value Deduct 5 per cent redemption fund Loanable circulation at 6 per cent Gross receipts Deduct— 1 per cent tax on circulation Annual cost of redemption Express charges Cost of plates for circulation Agents' fees Examinations $90, 000. 00 4,500. 00 85, 500. 00 $2, 000. 00 5,130. 00 7,130. 00 900.00 137.48 3.00 ' 7.50 7.50 43.00 Net receipts $100,000 loaned at 6 per cent Profit on circulation Total profit on $21,837,000 bonds, $6,194.72. Percentage on maximum circulation obtainable, 0.032 per cent. 1,098.4& 6, 031.52 6, 000.00 31.52 J U N E 30, 1892—4 P E R CENTS. $100,000 four's at 116| premium,interest Circulation, 90 per cent on par value Deduct 5 per cent redemption fund.. Loanable circulation at 6 per cent $90, 000.00 4,500. 00 $4,000. 00 85,500.00 5,130.00 Gross receipts Deduct— 1 per cent tax on circulation 900.00 Annual cost of redemption . 137.48 Express charges 3. 00 Cost of plates for circulation 7.50 Agents' fees 7.50 Examinations 43.00 Sinking fund reinvested quarterly to liquidate premium. 696. 36 Net receipts $116,750 loaned at 6 per cent Profit on circulation Total profit on $129,759,000 bonds, $385,571.09. Percentage on maximum circulation obtainable, 0.330 per cent. 9,130.00 1, 794.84 7,335.16 7,005.00 330.16 J U N E 30, 1892—6 P E R CENTS. $100,000 sixes at 114 premium, interest $6,000.00 Circulation, 90 per cent on par value $1)0, 000.00 Deduct 5 per cent redemption fund 4,500.00 Loanable circulation at 6 per cent 85,500.00 5,130.00 Gross receipts 11,130.00 Deduct— 1 per cent tax on circulation $900. 00 Annual cost of redemption 137.48 Express charges 3.00 Cost of7 plates for circulation 7.50 Agents fees * 7.50 Examinations 43.00 Sinking fund reinvested semi annually to liquidate premium 1,972.94 3,071.42 Net receipts $114, 000 loaned at 6 per cent Profit on circulation Total profit on $11,600,000* bonds, $127,219.75. Percentage on maximum circulation obtainable, 1.218 per cent. 8, 058.58 6, 840.00 1,218.58 REPORT OF THE COMPTROLLER OF THE CURRENCY. 9 RECAPITULATION. Profit on tlie three classes of bonds, maximum circulation 90 per cent— 2 per cent bonds, *$21,837,000—$19,653,300, maximum circulation at 0.03152 per cent, $6,194.72. 4 per cent bonds, *$129,759,000—$116,783,100, maximum circulation at 0.33016 per cent, $335,571.08. 6 per cent bonds, *$ll,600,000—$10,440,000, maximum circulation at 1.21858 per cent, $127,219.75. Total of bonds, $163,196,000—$146,876,400, maximum circulation at 0.353 per cent, $518,985.55. It will be noted that by taking out circulation the banks realize in each case more than 6 per cent on the money invested in bonds. The money invested in the purchase of bonds as a basis of circulation yields in the case of 2 per cent bonds 6.032; in case of 4 per cent bonds, 6.33; in case of 6 per cent bonds, 7.218. Since the 5 per cent redemption fund counts as part of a bank's reserve as well in hands of the Treasury as in vaults of the banks, it would have been proper not to make the deduction above. This would add materially to the profit of circulation. The $43 average cost of examinations of banks with $100,000 capital is not wholly an incident of circulation. In the above tables money is assumed to be worth 6 per cent. If the prevailing rate was less than 6 per cent a bank could better afford to take out circulation. If the prevailing rate was more than 6 per cent a bank could less afford to take out circulation. By allowing circulation to the par of bonds and removing the tax on circulation it would be possible for banks located in sections where rates of interest are high to take out circulation without loss. Since the organization of the national banks $1,521,437,753 have been issued and redeemed without loss to any bill-holder. There can be no loss upon national-bank circulation. All the solicitude as to what shall serve as a basis for circulation when Government bonds cease to exist is premature. The 4J per cent bonds (act July 14, 1870) matured September 1, 1891; $25,364,500 were continued at the pleasure of the Government at 2 per cent interest; interest upon the balance ceased; $24,520,900 have been redeemed and $983,800 remain outstanding$3,617,700 have been redeemed since October 31,1891. ~No bonds have been purchased by the Government during the past year, the interestbearing debt has not been reduced, and with the diminished revenues, under the act of October 1,1890, and swelling volume of annual expenditure, there is likely to be no reduction in the immediate future. The trend of public opinion is decidedly in favor of limiting our revenues to the current needs of the Government. The currency sixes that begin to mature in 1896 are primarily obligations of the subsidized Pacific railroads. The railroads will hardly be prepared to pay these bonds at maturity, and they will likely be continued like the 4J per cent bonds, at the option of the Government, at a low rate of interest. By relieving national-bank circulation, as above suggested, these bonds could be extended at a very low rate of interest—too low for investment purposes, yet available as a basis of circulation. Of the $25,364,500 of 2 per cent bonds outstanding October 1, $22,050,350 were held by national banks to secure circulation. The 4 per cent bonds do not mature until July 1,1907. Since December 6,1890, the Government has been out of the market as a purchaser of its own bonds, and the price then paid for 4per cent bonds ($123,356) hasfallen to $114,625. Thelower the price of the bonds the more available they become as a basis of profitable circulation. If happily the time arrives when the United States * Total amount of each class of bonds held to secure circulation June 30, 1892. 10 REPOET OF THE COMPTROLLER OF THE CURRENCY. Government has no bonded debt, or not sufficient to be available as a basis for circulation, there will, of necessity, be other choice securities available for such purpose. In my judgment the Government should issue 2 per cent bonds, running twenty, thirty, and forty years, and with the proceeds purchase the 4 per cent bonds outstanding. This would result in a savin g of interest to the Government, distribute the maturity of the bonds over a proper period, and furnish the best conceivable basis for circulation. The Government could hardly have floated a 2 per cent bond but for the needs of the national banks, and with liberal yet conservative laws as to circulation it is possible that a bond bearing a slightly lower rate than 2 per cent could be placed at par. A United States 4 per cent bond of 1907, in order to yield interest at the rate of 2 per cent per annum for the remaining period it has to run, must have been purchased October 1,1892, for $125,492. In other words, the Government could have exchanged a 2 per cent bond, at par, maturing July 1, 1907, for the 4 per cent bond of 1907, at $125,492, without loss or gain. The exchange would have been equal. The 4 per cent bonds on October 1,1892, were worth $114,625. The extended 2 per cent bonds, payable at the pleasure of the Government, were worth, on the same date, 101. Could the Government have exchanged a 2 per cent bond maturing July 1, 1907, for the outstanding issue of 4 per cent bonds upon the basis of the quotations jufct given, it would have resulted in saving to the Government (that is, the taxpayers) the enormous sum of $67,161,551.47, as appears from the following computation: Par value of outstanding 4s, October 1,1892 Market value of 4s at 114f, and of 2s at 101, October 1, 1892 Par value of 2s exchanged at 101 for 4s at 114f, October 1, 1892 Quarterly interest paid on 4s Quarterly interest that would be paid on 2s Quarterly saving of interest $559,586, 750.00 641,426, 312.18 635, 075, 556. 62 5, 595, 867.50 3,175,377.78 2,420,489.72 Present value, as of October 1, 1892, of these savings of interest to maturity, money at 2 per cent, reinvested quarterly 123, 406,683.57 Present value, as of October 1,1892, of $75,488,806. 62, principal of 2s in excess of principal of 4s, money at 2 per cent, reinvested quarterly 56,245,132.10 Present value of net saving to the Government in accordance with the above statement • 67,161,551.47 While the principal of the indebtedness would be increased, the interest reduction would be so great for the remaining fifty-nine interest quarto periods, from October 1, 1892, to July 1, 1907, as to show a net saving of $67,161,551.47. A 4 per cent bond at 114f, on October 1,1892, would pay an investor, interest at the rate of 2.793 per cent. It is probable, from the above statistics, that investors would not exchange 4 per cent bonds for 2 percents, but the fact that banks own, for the purpose of securing circulation, nearly 87 per cent of the continued 2 per cent bonds in preference to the 4 per cents, shows that they prefer a bond at par, with a lower rate of interest, as a basis for circulation. A fixed period to run, and a long period would add to the value of the bond. With so great a saving possible, the interests of economy, as well as all public and private interests that depend for prosperity upon a sound REPORT OF THE COMPTROLLER OF THE CURRENCY. 11 and elastic currency, emphasize the wisdom of settling this question of a proper basis for national-bank circulation by the issue of bonds having a long time to run, at a low rate of interest, with which to retire the outstanding issue of 4 per cent bonds. The national banks for a long series of years have demonstrated their ability to furnish the country with currency ample in amount, elastic in volume, sound beyond peradventure, and every dollar of which, every moment of its existence, was worth par throughout the length and breadth of the land. A change from such a currency to another less secure is certainly an unwise experiment. It is proposed to restore State bank circulation by removing the 10 per cent tax imposed March 3, 1865. There is no fairer test of men or methods than the record they make for themselves. Every item of assets and liabilities, as shown by the trial balance of their general ledgers, of every national bank, for the whole period of their existence, has five times each year been published in the locality, reported to the Comptroller of the Currency, and become a matter of record. Additional tables resolve all composite items into detail. Additional statistical tables complete the history and workings of such banks. Special reports show the course of trade and exchange. In case of failure, equally explicit information is obtained from receiver's reports, total claims, total assets, percentage paid, percentage of loss, items of expense, including receiver's fees, and attorneys' fees. All this information is annually reported to Congress and spread before the country. The course of trade, the material condition, the prosperity or depression of the country, are truthfully reflected in the condition of its banks. And the publication of the above conditions, in the reports of these banks, has been of inestimable value to publicists and economists. This is the record of national banks under Federal authority and Federal supervision. To compare the present national banking system with the old State banking system is to compare order with confusion—perfect system, under central control, with imperfect system, under diversified control. The banking systems of the different States, during the period that they were banks of issue, differed essentially. Some had excellent banking laws; others had very crude laws. Some had effective supervision, and some had none, or worse than none. In no State was the aggregate or percentage of loss to note-holders of State banks reported, nor the losses to creditors or stockholders. The most careful research reveals only general statements, or estimates of*loss, in the current financial literature of the time. Congress, by resolution in 1832, directed the Secretary of the Treasury to procure and publish statistics relating to banks in the several States. Such publication was made more or less complete, with the exception of some years, until 1864*; then followed an interval until 1873, when the Comptroller of the Currency was directed to procure from official and other reliable sources and report to Congress information in relation to State banking institutions. The statistics in relation to State banks prior to 1864 have been the subject of much * When is stated that the statistics relating to the period prior to 1864 are mainlyunofficial, it will be understood that the information conveyed is only approximately correct. The principal sources of information in compiling these statistics have been the reports of the Secretary of the Treasury to Congress since 1832, Baker's work on Banks and Banking, Blodgett's Economica, Elliott's Funding System, Thompson's Banknote Reporter and Counterfeit Detector, the Banker's Magazine, Hodges' new Banknote Safeguard, Consideration on the Currency and Banking Systems of the United States, by Albeit Gallatin; History of Banking in the United States, by John Jay Knox. 12 REPORT OF THE COMPTROLLER OF THE CURRENCY. study and research on the part of mf predecessors. The Comptroller's report for 1876 contains elaborate tables upon this subject. The question of restoring State bank circulation gives especial value to all information of this character, and I have therefore carefully studied and analyzed all the statistics attainable upon this subject, showing the condition of State banks prior to 1864, arid x^ublish in the Appendix of this report, arranged in convenient form, tables presenting such information. The most notable feature of the State-bank circulation was the violent expansion and contraction to which it was subject. The charter of the United States Bank expired March 4,1811. Mr. Gallatin made the following estimate of the total circulation of the country, including notes of the Bank of the United States: In 1811, $28,100,000; in 1815, $45,500,00 j ; in 1816, $68,000,000; and in 1820, $44,863,000. In 1840, according to Knox, there were in Ohio thirty-seven banks, with $10,000,000 capital. January 1, 1845, there were but eight banks in operation, with a capital of $2,171,807. Up to and including 1856 thirty-six of the banks organized under the laws of that State had failed, their notes being wholly worthless, and eighteen more had failed, their notes being worth 50 to 75 cents on the dollar. From January 1, 1857 the circulation of the whole country shrank from $214,788,892 to $155,208,744 on January 1, 1858, a decrease of over $59,000,000 in one year (Eeport of Secretary of the Treasury). The circulation of Illinois increased from $5,500,000 in 1857 to $12,300,000 in 1861. (Knox.) Much of this circulation was secured by various forms of security, and its redemption provided for by State authority. Yet it was seldom that this security proved adequate. The Bankers' Magazine for February, 1858, advertised a list of twenty-eight suspended banks in Indiana whose notes would be redeemed by the auditor of that State at the following rates: ten at par, and the remainder at prices ranging from 97 down to 69. According to the same authority, in July, 1859, a convention of Wisconsin bankers, held at Milwaukee, fixed the discount on Illinois bank bills at 1 per cent until September 20, and at 3 per cent thereafter. This action was retaliatory, and simply established the same discount upon Illinois bills that Illinois had adopted as to Wisconsin. In April, 1859, the Indiana banks determined not to accept the notes of Illinois or Wisconsin. All bank notes of interior banks were at a discount in New York (many unsalable) from 50 per cent down to the current exchange, which was charged against the notes of perfectly solvent banks. The above instances illustrate the friction existing between different States. The cost of exchange on commercial centers was greatly increased under State-bank circulation. Now a man in Montana deposits his money in his local bank and buys Chicago exchange. His money is as good in Chicago as Helena, and he simply pays the cost of transmittal. In fact, the competition for business is so intense and the indulgence of banks correspondingly great that frequently when an interior merchant goes to New York to buy goods he takes a letter of introduction from his home bank to their New York bank correspondent, draws checks for the amount of his purchases upon his home bank, which are paid by the New York correspondent and debited to the home bank. Thus the item of exchange disappears entirely. The dangers of counterfeiting under the national-banking system are at a minimum. The bills are printed by the Government upon KEPORT OF THE COMPTROLLER OF THE CURRENCY. 13 carefully prepared paper made by the Government and never out of the Government's possession. If circulating notes were to be printed by the forty-four different States, the opportunities for counterfeiting would be multiplied. Under the old State-bank system counterfeiting was an established industry, and a description of the methods and devices possesses the qualities of a romance. From January 1 to April 1,1859,* there appeared 242 new counterfeits. Hon. John Jay Knox (whose long incumbency of the office of Comptroller of the Currency, as well as his qualities as a student of finance, entitles his judgment to highest consideration) estimates the average loss to note-holders under the old State-bank system at 5 per cent. As before remarked, no estimate can be made of the loss to creditors and stockholders. By advertising for the redemption of circulating notes the statutory period and refusing all later presentations, it frequently happened that the stockholders reaped large profits where the note-holders met almost total loss. I have given the above random illustrations as suggestive simply of the evils attendant upon the old State-bank circulation. It is by no means exhaustive. I am aware that the present can hardly be compared to antebellum times, and that the changed conditions which now exist would necessarily obviate some and soften many of the evils attendant upon State-bank circulation. In order to furnish a modern standard of comparison between national banks and those other than national, Comptroller Knox reported statistics, showing the number of failures of State, savings banks, and private bankers, for the three years ending January 1,1871). The number of failures was 210 5 total claims, $88,440,028; amount paid and to be paid, $58,152,638 ; losses, $32,616,661; upon which he com ments: The average annual loss sustained by creditors during the past sixteen years by the insolvency of national banks throughout the United States has been $390,012, and that occasioned by the failures of banks other than national, as shown by th*> incomplete data obtained by the Comptroller, has for the last three years been not less than $10,872,220. Hon. Edward S. Lacey, in his report as Comptroller for the year 1891, gave a list of failures in the United States of bankers, brokers, trust companies, and savings banks, for the year ended June 30,1891. u These number, in all, 117 institutions, having liabilities estimated at $38,271,511, and assets valued at $20,794,092. (Bradstreet.)" Through the courtesy of Bradstreet I am able to report, in a table to be found in the Appendix, the failures of State, savings, and private banks, and loan and trust companies for the year ended June 30,1892. The number is sixty-nine. Aggregate liabilities, $11,024,628. Estimated value of assets, $6,125,189. The percentage of assets to liabilities 55.56. The seventeen national banks that failed during the last report year had aggregate liabilities amounting to $12,538,448. Estimated value of assets, $10,750,347. Percentage of assets to liabilities, 85.74. However recent the comparison the conclusion is in favor of the national-bank system. If the forty-four States are to furnish the currency of the country, then we will have a chain of sovereignties furnishing our circulating medium, each with varying laws and varying supervision, and, like all chains, the system as a whole would be no stronger than its weakest link. Disorganized finance in one State would affect all. Argentina * Tbompson/s Bmk Note Reporter and Counterfeit Detector, 14 REPORT OF THE COMPTROLLER OF THE CURRENCY. financial troubles precipitated the Barings failure at a time when this country was generally prosperous; and yet it produced a quasi panic in the United States and cast a cloud over the financial horizon of the whole world which has not yet fully disappeared. Banking is not a philanthropical business and banks will not issue circulating notes unless it is profitable. Manifestly issuing notes would be most profitable where greatest latitude was allowed or greatest laxity prevailed, and with the circulation of any State discredited or the particular banks of any State discredited, conservative bankers and conservative business men would have to discriminate against such bills. We all know the practical machinery employed to enforce such discrimination. Our State boundaries and commercial centers would be policed with brokers' offices, and commerce would be compelled to pause at State lines and pay the exchange demanded in order to provide itself with money acceptable in the locality where proposed business was to be done. The bill of a perfectly solvent bank in Oregon would be worth just as much less than its face in Chicago or New York as it would cost to send such bill to Oregon for redemption and secure the proceeds in return—cost of transmission each way and interest for the time required—in short, exchange. It would be precisely on a par with the note of any equally reputable business firm. The only way this discount could be avoided would be to provide for the redemption of such notes in Chicago, New York, Boston, and other money centers. Should interior and far Western banks make their bills worth par throughout the country by providing for their redemption at convenient money centers, it would compel them to keep an amount of idle reserve with their redemption agents that would seriously impair the profits on circulation. And the United States Government would not facilitate banking transactions then, as it does now, by receiving money at its subtr^asuries and transporting the same to any part of the country for the meager charge of 15 to 50 cents per $1,000. A bank bill or note is a noninterest-bearing obligation payable to bearer upon demand, in lawful money, titje to which passes by delivery. The value of such note depends upoji the financial credit of the bank issuing the same, the special provision of law for its redemption, the security set apart for such purpose, the fidelity with which such laws are enforced, as to redemption, the character of supervision, and the degree of conservative banking thereby insured. The profit to a bank issuing such bills depends altogether upon the length of time they remain outstanding before being presented for redemption. With the facilities afforded by railway and express companies for presenting such notes for redemption, it is probable that they would speedily find their way back to the place of issue. This would seriously impair the profits and would necessitate more favorable conditions of issue in order to render the issuing of circulation profitable. No circulation will issue unless there is a profit in it. The fact of the probable and speedy return of this circulation to the locality of issue is made an argument in its favor, inferring therefrom that each locality would be abundantly supplied with money. A bad penny always returns, and the tinge of doubt that would attend this State-bank circulation would doubtless give it a homeward impetus. But bear in mind that it would be worth no more at "the place of issue, though passing at par, than in Boston or New York. By just such a percentage as its purchasing power was diminished in our commercial centers, by just that percentage would the price of commodities be appreciated where it passed at par. This is an inevitable law attendant upon depreciated currency. REPORT OF THE COMPTROLLER OF THE CURRENCY. 15 The stream that flows from the mountain to the sea obeys no more natural law than that which accumulates currency in commercial centers. If the water stood in pools on the mountain it would necessarily be pretty damp at the seaboard, and, if these localities that so loudly clamor for more money had all the currency they wanted, that same currency would be a drug in banking centers. There is money enough, and the range of interest for the past year has been phenomenally low, and, as before stated, any bank in any part of the country could have had any quantity of money transported to it at the moderate charge of 15 to 50 cents per $1,000. But such bank must have the equivalent of money; it must have securities, or receivables, or some form of credits, acceptable, in order to get the money. And right here is the trouble. This clamor for more money comes from the newer, lessdeveloped sections of the country, and from people who have something to sell that no one wants to buy. The securities they offer do not commend themselves to investors. No amount of currency would correct this. They say, " Money is plenty while the crop is being moved, but we want it plenty at all times." When the crop is gone, what have they to represent money, with which to buy money? People can get money for their labor and for their produce. They can borrow upon good collaterals, real or personal. People with any equivalent of money can get it. This whole trouble is born of the heresy, which has a strangely extended hold upon the public mind, that the Government can create wealth and that if there were more money people could, in some unexplained way, obtain it without rendering an equivalent. A conditional repeal of this 10 per cent tax is proposed, conditioned upon compliance by the State banks with certain regulations imposed by Congress, designed to secure circulation and protect note-holders against loss. Such State banks would then be national banks for the purpose of issuing circulating notes, and Congress must provide for their supervision and examination, to see that the laws are complied with. Can currency be better taken out by a bank organized under a State law than under an act of Congress ? Would Congress or the country gain anything by the proposed divided jurisdiction over these banks of issue? Would not division lead to conflict and confusion? All national banks make reports of condition to the Comptroller, on a past day, fixed by him, in such form as the Comptroller prescribes, and upon blanks furnished by him. These forms are very complete as to balance sheet and detail. In order to comply with these calls a bank's books must be so kept as to furnish the required information. These reports are of very great value to the banks themselves, in systematizing their bookkeeping and insuring good and uniform methods of business. The information reported, all on the same date, is of great value to the public. What would be gained by denationalizing our banks in all respects, except as to circulation? Can the various State legislatures be depended upon to provide better laws and better supervision than Congress? It is argued that 92 per cent of all business transactions consummated through banks are represented by credits—that is, exchanges and offsets—and that 8 per cent only is represented by money. The Government does not assume to regulate the 92 per cent. Why should it the 8 per cent? Why not as well allow State bank notes to circulate? Their acceptance is purely voluntary. That statement is theoretically true, but practically it is wholly false. A banker, or large h t manufacture^ may b§ in % position? equipped with skilled 16 REPORT OF THE COMPTROLLER OF THE CURRENCY. men or expert information, to exercise discrimination between the strong and the weak banks. Bnt what can the artisan, the day laborer, the miner, or the farmer know of such a matter^ From the nature of their calling they can exercise no discrimination. They know, and th§y can only know, that the Government allows such bills to circulate, in form and semblance of money, and they have the right to hold the Government responsible that it be worth 100 cents on the dollar, whether it comes from New York or New Mexico. The Constitution of the United States prohibits the States from coining money or making anything except gold and silver legal tender. State-bank bills could not become a legal tender. Neither are nationalbank bills. State-bank bills when issued add just so much to the liabilities of the bank. They would circulate freely in times of prosperity and confidence. In times of monetary stringency and general distrust they would return to the banks for redemption. They would have to be redeemed in legal-tender money provided by Congress. Congress must, under the Constitution, provide all the money that possesses a full debt-paying power. By every consideration of sound business principles it should provide all the money that the country requires. No public interest can be served by dividing this function with the forty-four States. Every period of financial depression in the past resulted in the suspension of specie payments, more or less general, by the banks; that is, resulted in the inability of the banks to redeem their notes. The same conditions would produce similar results in the future. If State-bank notes*are allowed to circulate, their acceptance is not voluntary; it becomes a business necessity. Many mine-owners, manufacturers, and large employers of labor practiced paying their help in store orders, in order to control their trade and make the extra profit. Surely, under the law, the acceptance or rejection of such orders was purely voluntary, and yet their acceptance for fear of losing their employment was general. So great did this abuse become that many States have enacted laws compelling corporations to pay their laborers, at regular intervals, in money. The wealthy class could provide themselves with the means of discriminating against the notes of weak banks, and if they found themselves possessed of any would proceed to work them off upon their less fortunate neighbors. That is the record of the past. It would be the experience of the future. To the average laboring man a bank-note reporter and detector would be as inexplicable as the binomial theorem. When a bank suspends, the fact that the note is secured and will be eventually paid is poor consolation to the laborer who needs his money for his daily use. The note of a failed national-bank is as good as that of any bank in the system. The restoration of State-bank circulation portends disaster to that class of our citizens who most need and have most right to ask protection from the Government. State-bank circulation loses its money power in a crisis. It is a source of weakness and adds to the danger. Instead of paying debts it cbmes forward itself to be paid. CLEAN MONEY. Currency, as applied to the money of a country, has been defined as a " continuous succession of uses." A little reflection upon such continuous use, the journey from hand to hand, till to till, pocket to pocket, over the damp counter of the saloon, through the necessarily soiled hands of honest industry, treasured by the poor and carried in close proximity to the person, it is easy to realize that it becomes " filthy lucre." Soiled REPORT OF THE COMPTROLLER OF THE CURRENCY. 17 paper money is popularly believed to be a potent means of disseminating infectious and contagious diseases. The Bank of England never reissues a note. The statute provides for the redemption of United States notes when they "are so mutilated or otherwise injured as to be unfit for use," and for the redemption of national-bank notes when they are "worn, defaced, mutilated, or otherwise unfit for circulation." A note with the accumulated filth of continuous use is unfit for circulation and should be redeemed. Send in the old and let the people have new and clean money. My experience as examiner in the discount and savings banks of New York has impressed this matter upon me. The following table gives the number of banks organized during the year ended October 31, 1892, in each State and Territory, with their aggregate capital : States and Territories. Texas Iowa Indiana Ohio Pennsylvania... Illinois Minnesota Washington Massachusetts.. Wisconsin West Virginia.. Colorado Idaho New Hampshire New Jersey Kansas Montana Tennessee Maine Indian Territory No. of banks. Capital. $1, 445,000 725, 000 1,110, 000 2, 000, 000 700,000 2, 500, 000 710,000 700,000 650, 000 500, 000 350, 000 260, 000 200, 000 250, 000 250,000 2C0, 000 200, 000 160, 000 150,000 150, 000 States and Territories No. of banks. New York California New Mexico Oklahoma Wyoming Missouri Virginia Georgia North Carolina. Arizona Alabama Florida Kentucky Maryland Michigan Nebraska North Dakota.. Utah Total. Capital. $300,000 150,000 100, 000 100, 000 100, 000 200,000 200, 000 150,000 125,000 100,000 100, 000 100,000 100, 000 50, 000 50,000 50,000 50, 000 50, 000 163 15, 285,000 In point of numerical accessions to the system, Texas leads with twenty-two banks; Iowa, Indiana, Ohio, and Pennsylvania following in the order named. Illinois, however, provided the largest amount of capital. It has been noticeable for several years that the large proportion of increase in the number of active national banks is assignable to those States and Territories located West of the Mississippi River and in the Southern States. Of the one hundred and sixty-three banks organized during the past year, eighty-two are located in States and Territories west of the Mississippi, and thirty-six are located in the Southern States. Pennsylvania still has the greatest number of national banks in operation, Massachusetts the greatest aggregate capital, and New York the largest amount of deposits. As prosperity and population increase in the western portion of the country, extending from north to south, so the privileges of the national banking system are availed of in contrast with private banks and other financial corporations organized under State laws. During the past year the seventeen failures were widely distributed, there having been three in Kansas; in !New Mexico and Texas two each, and in other States only one. The following table exhibits the number of banks organized, failed, and in voluntary liquidation, and the net increase or decrease, numerically, each year since 1863: 9647 2 18 REPORT OF THE COMPTROLLER OF THE CURRENCY. NUMBER AND AUTHORIZED CAPITAL OF BANKS ORGANIZED AND THE NUMBER AND CAPITAL OF BANKS CLOSED IN EACH YEAR ENDED OCTOBER 31 SINCE THE ESTABLISHMENT OF THE NATIONAL BANKING SYSTEM, WITH THE YEARLY INCREASE OR DECREASE. Closed. Organized. In voluntary liquidation. Year. No. 1863 1864 1865 1866 1867 . . . 1868 1869 1870 1871... 1872 1873 1874 1875 .. 1876 1877 1878 1879 .. 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 . 1891 1892 . Capital. No. 134 $16,378,700 453 79, 366, 950 1,014 242, 542, 982 8, 515,150 62 4, 260,300 10 1, 210, 000 12 1,500, 000 9 2,736, 000 22 170 19,519, 000 175 18, 988,000 7, 602, 700 68 6, 745, 500 71 107 12,104, 000 3,189, 800 36 2, 589, 000 29 2, 775, 000 28 3,595, 000 38 6, 374,170 57 9, 651, 050 86 227 30, 038, 300 262 28, 654, 350 191 16, 042,230 145 16,938, 000 174 21, 358, 000 225 30, 546,000 132 12, 053,000 211 21,240,000 307 36, 250, 000 193 20, 700, 000 163 15, 285, 000 3 Q 4 12 18 17 14 11 11 21 20 38 32 26 41 33 .9 26 78 40 30 85 25 25 34 41 50 41 53 Capital. Net yearly increase. No. Capital. Insolvent. No. $330,000 650,000 2 160 000 • O AAK PiOO A 3, 372, 710 1 2, 550, 000 1 1, 450,000 2,180, 500 6 3, 524, 700 11 2, 795, 000 3 3, 820, 000 5 2 565 000 9 2, 539, 500 10 4, 237, 500 14 3, 750,000 8 570,000 3 1, 920, 000 16,120, 000 3 7, 736, 000 2 Q 64.7 9^fl 11 17, 856, 590 4 1, 651,100 8 2, 537,450 8 o 4,171,000 4, 316, 000 21 5,050, 000 9: 4,485,000 25' 6,157, 500 17J Capital. N e t yearly decrease. N°-« Capital. 134 $16. 378. 700 450 79, 366, 950 $50, 000 1, 007 242,162, 08? 56 7, 365,150 500, 000 ! 930. 300 8 1,170, 000 10 $1, 645, 500 410,000 9 1, 922, 710 50 000 64, 000 250,000 18, 069, 000 159 15, 001, 400 158 1, 806,166 253,000 36 3, 825, 000 3, 700, 500 48 250, 000 7, 283, 800 64 1 000 000 340, 200 5 965,000 7 3, 294, 500 3, 344,000 27 4, 075, 000 2, 612, 500 3 1, 385, 000 1,230, 000 45 5,104,170 700, 000 60 7, 731. 050 146 12, 357, 000 1,561, 300 220 20,668,350 250, 000 150 11,109, 980 1, 285, 000 56 1, 518, 590 600, 000 141 19, 056, 900 650, 000 192 26, 458,550 1,550,100 90 1 QAH Ann 5,982, 000 168 16, 674, 000 250,000 248 30, 450, 000 750,000 127 12, 593, 000 3, 622, 000 93 6, 677, 500 2, 450, 000 Total 4,811 698, 748,182 844 114, 588, 501 181 33, 030, 900 3,855 Deduct decrease .... 69 565,374,282 69 14,245, 500 14.245.500 1 Total net increase . *3, 786 t551.128.782 * Two banks restored to solvency, making 3,788 going banks. t The total authorized capital stock on October 31 was $693,868,665; the paid-in capital, $692,812,330, including the ca-pital stock of liquidating and insolvent banks which have not deposited lawful money for the retirement of their circulating notes. As stated elsewhere with more particularity, the failures during the past year were not disastrous, and in proportion to the number in active operation were not so numerous as in some preceding years. AMENDMENTS TO THE LAWS. The Comptroller of the Currency is required annually to report u any amendments to the laws relative to banking by which the system may be improved, and the security of the holders of its notes and other creditors may be increased." (1) In my judgment the law should be amended so as to provided as follows: That the minimum deposit of Government bonds, required by national banks, be reduced to $1,000 in case of banks of $50,000 cap-' ital, and to $5,000 in cases of banks whose capital exceeds $50,000. Such deposit would be sufficient to guarantee the payment of all expenses and assessments imposed by law. Banks are no longer organized for the purpose of issuing circulation, and when organized to do business as banks of discount and deposit it is clearly a hardship to require them to purchase these high-priced Government bonds beyond amount above suggested, Digitized forthe FRASER REPORT OF THE COMPTROLLER OF THE CURRENCY. 19 (2) That any national bank be allowed to issue notes equal to the par value of the United States bonds which it may purchase and assign to the Treasurer of the United States for the purpose of securing circulation. (3) That the monthly withdrawal of bonds pledged to secure circulation shall not exceed four and a half millions in the aggregate. Should withdrawals equal the amount named in any month (which is unlikely) such amount would be offset by the additional circulation issued under the second amendment suggested. (4) That the tax on national-bank circulation be repealed. The banks have already paid into the Treasury $72,670,412.30 in taxes upon circulation. The banks should only be assessed an amount sufficient to defray the actual cost to the Government of providing circulation. (5) That the limit of the amount which may be loaned to any person, company, corporation, or firm, to 10 per cent of the capital stock of the bank, be so amended as to read "capital and surplus." There should be an additional amendment making an exception in favor of temporary loans, secured by collateral, in our largest business centers. # (6) That the Government issue bonds, with a long period to run and at a low rate of interest, wTith which to retire the present bonded debt of the United States, and which bonds may be used as a basis to secure national-bank circulation. * (7) That the Comptroller of the Currency, with the approval of the Secretary of the Treasury, be empowered to remove officers and directors of a bank for violations of law, leaving the vacancy to be filled in the usual way 5 first giving such officers and directors an opportunity to be heard. (8) That bank examiners be required to take an oath of office before entering ux)on the discharge of their duties, and to give a bond in such amount and with such sureties as the Comptroller of the Currency may require. (9) That the Comptroller of the Currency be allowed to appoint two general examiners, of conspicuous ability and experience, to be paid out of the public funds, whose duty it shall be to visit, assist, and supervise the various examiners in their several districts, in order to secure uniformity in method and greater efficiency in work. (10) That the law be so amended as to prohibit officers or employes of a bank from borrowing its funds in any manner except upon application to and approval by the board of direction. (11) In order to facilitate the collection of assessments upon shareholders in failed national banks, that the receivers of such banks be required to file with the county clerk or register of each county where any shareholder may reside a statement showing the names of shareholders residing in such county and the amount of stock held by them respectively; the filing of such statement to constitute a lien upon the realty of such shareholders, which lien may be vacated, upon motion, by giving proper bond, and which shall be discharged, by the receiver, upon payment of the assessment. (12) Section 380, United States Eevised Statutes^ reads as follows: All suits and proceedings arising out of the provisions of law governing national banking associations, in which the United States or any of its officers or agents shall be parties, shall be conducted by the district attorneys of the several districts, under the direction and supervision of the Solicitor of the Treasury. Under this section it is claimed that United States district attorneys are ex-officio attorneys of the receivers of all failed national banks Discussed elsewhere in this report. 20 REPORT OF THE COMPTROLLER OF THE CURRENCY. located within their respective districts, and that all suits and proceedings must be instituted by or through them. It is difficult to believe that the courts will finally sustain such a construction, that a simple action for debt, which can be maintained in a State court as well as in the United States court, and is not based upon any provision of the national-bank act, falls within the provisions of said act, or that a receiver of a failed national bank is an "agent" of the United States within the meaning of said section. It is difficult to believe that Congress has the power to impose the services of any attorney upon such a trust, where the assets are wholly private property, belonging to creditors and shareholders. Certain it is that had Congress intended that such a broad construction would be put upon this section it would have made some provision for exceptional cases. It is a physical impossibility for the various United States attorneys to act as attorney or counsel for the receiver. In many instances they reside several hundred miles distant from the trust. In other instances there are so many trusts within a single district that the United States attorney can not attend to all the business to be done. The result in such cases is that where United States attorneys insist upon being employed they become attorneys of record, nominally appearing in all actions or proceedings, while some resident attorney does the actual work. As a consequence the trust is obliged to pay double fees for having its work done. If the United States attorney must be employed in accordance with the above section, then every time there is a change in such officer it would necessitate the substitution of his successor in office, thus bringing in an entirely new man, with no familiarity with the pendiug litigation. Under such circumstances the usual practice has been to retain the ex-district attorney as counsel, thus producing a double charge for the services rendered. Many United States attorneys make no claim to be employed. Others when confronted with the situation relinquish their claim, but still others insist upon being employed, and, when not employed, insist upon being paid a fee for every act that is done by the attorney in the regular administration of the aflairs of the trust. The Department has in its possession bills rendered by United States attorneys who have never performed any act for the benefit of the trust, have never been consulted by the receiver, and never in any way had any connection with the affairs of the failed bank, except to ascertain from the record what suits and proceedings had been instituted and then have made such suits and proceedings a basis of claim for compensation. I append a table showing the various failed banks, their location, and the location of the different United States attorneys who would have to be employed by the receiver in case the construction sought to be placed upon section 380 is a proper one. Also, the distance at which such United States attorneys are located from the respective trusts. From this table will clearly appear the physical inconvenience, if not impossibility, of these United States attorneys acting as attorneys for various receivers. Surely these attorneys ought not to be paid for what they can not and do not do. These trusts should not be subjected to double fees, and the above section should be amended so as to provide that attorneys other than United States attorneys may be employed by receivers of failed banks, whenever in the opinion of the Comptroller of the Currency such employment will be for the interest of a trust? REPORT OF THE COMPTROLLER OF THE CURRENCY. 21 TITLE AND LOCATION OF EACH RECEIVERSHIP WITH LOCATION OF UNITED STATES ATTORNEY. Name of each failed bank. First National Bank Third National Bank German-American National Bank Mechanics' National Bank Pacific National Bank First National Bank Do . .. Do Do Marine National Bank First National Bank Do Middletown National Bank Exchange National Bank First National Bank Do Fidelity National Bank Fifth National Bank First National Bank Commercial National Bank Madison National Bank California National Bank First National Bank Do Do Third National Bank Harper National Bank Gloucester City National Bank Park National Bank State National Bank Kingman National Bank First National Bank Do Do American National Bank City National Bank Peoples' National Bank Spokane National Bank First National Bank Pratt County National Bank Second National Bank Keystone National Bank Spring Garden National Bank First National Bank National City National Bank Central Nebraska National Bank Florence National Bank Red Cloud National Bank Ninth National Bank . First National Bank Do Rio Grande National Bank First National Bank Do Maverick National Bank Corry National Bank California National Bank Cheyenne National Bank First National Bank Huron National Bank First National Bank Do Bell County National Bank First National Bank Do Lima National Bank Cherryvale National Bank First National Bank National Bank of Guthrie First National Bank Yincennes National Bank Location of trust. . . . Anderson, Ind Chicago, 111 Washington, D. C Newark, N. J Boston, Mass Union City, Pa Leadville,'Colo St. Albans, Yt Monmouth, III New York City Livingston, Mont Albion N. Y Middletown, N. Y Norfolk, Ya Sioux Falls, S. Dak Pine Bluff, Ark Cincinnati, Ohio St. Louis Mo Auburn, N. Y Dubuque, Iowa Madison, S. Dak San Francisco, Cal Anoka, Minn ShetField, Ala Abilene, Kans Malone,N. Y Harper, Kans Gloucester City, N. J Chicago, III...' Wellington, Kans Kingman, Kans Alma Kans Belleville, Kans Meade Center, Kans Arkansas City, Kans Hastings, Nebr Fayetteville, N. C Spokane Falls, Wash Ellsworth, Kans Pratt, Kans McPherson Kans Philadelphia, Pa do Red Cloud, Nebr Marshall, Mich Broken Bow, Nebr Florence, Ala Red Cloud, Nebr Dallas, Tex Kansas Citv, Kans Palatka, Flii Laredo, Tex Coldwater, Kans Clearfield, Pa Boston, Mass Corry, Pa San Diego, Cal Cheyenne, Wyo Wilmington, N. C Huron, S. Dak Muncy, Pa Downs, Kans Temple, Tex Deming, N. Mex Silver Citv N Mex Lima, Ohio Cherryvale, Kans Rockwall, Tex Guthrie, Okla Erie, Kans Yincennes, Ind Location of United Distance States attorney. apart. Indianapolis Chicago AYashington Jersey City Boston Pittsburg Denver .^ Northfield Springfield New York City Helena Buffalo New York City... Norfolk Huron Little Rock Cincinnati St Louis Buffalo Fort Dodge Huron San Francisco St. Paul Birmingham Topeka Buffalo Topeka Jersey City Chicago Topeka . .do do do do ....do Omaha AYarrenton Spokane Falls Topeka do do Philadelphia do Omaha Bay City Omaha Birmingham Omaha r. Dallas Topeka Jacksonville San Antonio Topeka Pittsburg Boston Pittsbure Los Angeles Sundance Warrenton Huron Pittsburg . Topeka Dallas Santa F6 do Cleveland Topeka Dallas Guthrie Topeka Indianapolis Miles. 36 8 143 151 67 85 123 50 67 106 43 335 192 72 29 127 96 333 229 94 193 200 37 152 301 193 151 142 156 208 128 392 146 225 132 192 67 56 154 302 173 154 127 435 200 225 186 134 316 364 148 151 28 140 117 22 REPORT OF THE COMPTROLLER OF THE CURRENCY. CLOSED NATIONAL BANKS. The following statement exhibits the title, capital, and circulation issued, redeemed, and outstanding of associations which were closed to business during the year ended October 31,1892. Of these 70 associations, 53 went into voluntary liquidation and 17 into the hands of receivers. NATIONAL BANKS CLOSED DURING THE YEAR ENDED OCTOBER 31, 1892, IN EACH STATE AND TERRITORY, WITH CAPITAL AND CIRCULATION. Name and location of bank. Maverick National Bank, Boston, Mass.* Citizens' National Bank, Colorado, Tex Corry National Bank, Corry, Pa.* '-California National Bank, San Diego, Cal.* Cheyenne National B a n k , Cheyenne, Wyo.* First National Bank, Plymouth, Mich First National Bank, Wilmington, N.C.* . National Bank of Wooster, Ohio Indiana National Bank, Lafayette, Ind First National Bank, La Grange, Ga Defiance National Bank, Defiance, Ohio Produce National Bank, Philadelphia, Pa Huron National Bank, Huron, S.Dak.* First National Bank, Burlington, Wis Merchants' National Bank, Kansas City, Mo First National Bank, Manitowoc, Wis First National Bank, Faiineld, Tex Commonwealth National Bank, Philadelphia, Pa Merchants' National Bank, Fort Dodge, Iowa First National Bank, Muncy, Pa.* '.. Giles National Bank, Pulaski, Tenn First National Bank, Quanah, Tex Northwestern National Bank, Aberdeen, S. Dak Castleton National Bank, Castleton, Vt First National Bank, Downs, Kans.* Bell County National Bank, Temple, Tex.* First National Rank, Deming, N.Mex.* First National Bank, Silver City, N. Mex.* First National Bank, Chamberlain, S. Dak Sedan National Bank, Sedan, Kans Bronson N a t i o n a l B a n k , Painted Post, N Y Lima National Bank, Lima, Ohio* First National Bank, Ainsworth, Nebr Circulation. Date of authority to Date of closing. commence business. Capital stock. Dec. 31,1864 Nov. 2T1891 $400, 000 $78, 894 $30,064 Aug. 14,1890 Nov. 3,1891 60,000 13. 500 10, 030 3,470 Nov. 12,1864 Nov. 7,1891 100, 000 96,180 33, 058 63,122 Dec. 29,1887 Nov. 12,1891 500, 000 45,000 Dec. 2,1885 Nov. 13,1891 150, 000 33, 750 Jan. 5,1872 Nov. 14,1891 50, 000 45, 000 July 25,1866 Nov. 24,1891 Dec. 29,1871 Nov. 29,1891 250, 000 53,900 Apr. 22,1872 Nov. 30,1891 Dec. 20,1883 Dec. Issued. HeOutdeemed, standing $48,830 45, 000 33, 750 12,173 32, 827 52, 880 48, 510 12,016 52,880 36,494 100, 000 90, 000 20,573 69, 427 11,700 5,660 6,040 1,1891 50,000 Dec. 22,1871 Dec. 7,1891 100, 000 22,500 6,239 16, 261 May 19,1886 Dec. 8,1891 300, 000 45, 000 16, 240 28,^60 Nov. 21,1884 Dec. 18,1891 75, 000 18,000 Feb. 3,1872 Dec. 19,1891 50, 000 10, 750 2,481 8,269 Dec. 2,1879 Dec. 22,1891 1, 000, 000 45,000 10,010 34, 990 11, 806 18, 000 Mar. 1,1865 Dec. 26,1891 50, 000 14,816 3, 010 Apr. 22,1890 Dec. 28,1891 50, 000 11,250 3,200 8,050 Dec. 14,1864 Dec. 31,1891 208,000 65, 480 19, 620 45, 860 Mar. 20,1872 ....do 100,000 22, 500 5,010 17,490 Feb. 23,1865 Jan. 11,1892 100, 000 94, 899 29, 250 65, 649 May 31,1872 Jan. 12,1892 100, 000 22, 500 4,662 17, 838 50, 000 11, 250 2,550 8,700 Oct. 22,1888 Jan. 15,1892 100, 000 22, 500 6,030 16, 470 11,630 Oct. 24,1889 ....do Oct. 21,1865 Jan. 22,1892 50, 000 14, 630 3, 000 Oct. 12,1886 Jan. 23,1892 50, 000 10, 750 2,880 Aug. 25,1890 Feb. 50, 000 11,250 3,1892 Apr. 22,1884 ....do 7,870 11, 250 100,000 22, 500 Sept. 17,1886 ....do Mar. 31,1883 Feb. 6,1892 50,000 11, 250 50, 000 11, 250 3,170 Nov. 50, 000 11, 250 2,470 8,780 50,000 22, 500 5,660 16,840 200, 000 45, 000 9,978 35, 022 50, 000 11, 250 2,100 9,090 5,1889 Feb. 9,1892 Oct. 5,1887 Feb. 29,1892 Jan. 16,1883 Mar. 1,1892 Aug. 12,1889 ....do * Failed. 7, 540 14,960 11,250 8,080 REPORT OF THE COMPTROLLER OP THE CURRENCY. 23 NATIONAL BANKS CLOSED DURING THE YEAR ENDED OCTOBER 31, 1892, IN EACH STATE AND TERRITORY, WITH CAPITAL AND CIRCULATION—Continued. Date of Name and location of bank. commence business. Circulation. Date of closing. Lansing National Bank, Lansing, Mich Apr. 4,1872 Mar. 5,1892 j sg, i t National Nti First Bank, Leoti, Feb. 7,1888 . . . . d o | Kans First National Bank, Blaine, Nov. 20,1890 Mar. 9,1892; Wash Erath County National Bank, July 25,1889 Mar. 15,1892 \ Stp Stephen vil'le,, Tex American National i N t i l Bank, BirJ u n e 23,1887 Mar. 22,1892 mingham, Ala First National Bank, Wilber, July 3,1883 .--.do Nebr First National Bank, New LonMay 11,1872 Mar. 23,1892 don, Ohio i t , National Nti First Bank, Green- Oct. 7,1872 Mar. 28,1892 ville, Mich ll MExchange ih National Bank, Co- | Iambus, Ohio ! Nov. 30,1864 Apr. 1,1892 Citizens' National Bank, Roan- j oke, Va Mar. 10,1891 Apr. 4,1892 j Inter-State National B a n k , New York, N. Y Nov. 7,1889 Apr. 15,1892 | First National Bank, Platte City, Mo May 31,1890 Apr. 25,1892 Citizens' National Bank, Man kato, Minn j June 27,1872 Apr. 27,1892 First National Bank, Jetmore, j Kans j Oct. 29,1887 Apr. 30,1892 Tampa National Bank, Tampa,- I Fla I Mar. 26,1891 May 2,1892 Birmingham National Bank, Birmingham, Ala Apr. 23,1887 . . . . d o Cherryvale National Bank, Cherry vale, Kans * Apr. 16,1890 June 10,1892 First Nationall Bank, B Rockll Tex.* T * wall, May 29,1888 | June 11,1892 , National Okla.* B a n k of Guthrie, July 31,1890 June 13,1892 First National Bank, Stafford, ' Kans Mar. 7,1888 J u n e 15,1892 National Bank of Commerce, Hutchinson, Kans Mar. 30,1888 . . . . d o First National Bank, Grafton, Mass Jan. 7,1864 June 21,1892 First National Bank, Erie, Jan. 15,1889 June 25,1892 Kans.* First National Bank, Dorchester, Nebr Sept. 8,1885 July 5,1892 First National Bank, Salina, June 27,1881 . . . . d o Kans Vincennes National Bank, Vincennes, Ind.* . July 17,1865 July 6,1892 j Ashtabula National Bank, Ashtabula, Ohio Aug. 22,1872 j July 10,1892 Lincoln National Bank, Linj coin, Nebr I July 6,1882 | July 12,1892 Second National Bank New | j Mexico, Santa Fe, N. Mex.... Aug. 1,1872 j July 17,1892 First National Bank, Aurora, ! j Mo . Sept. 1,1890 ! July 22,1892 Farmers and Traders' National Bank, Oskaloosa, Iowa Mar. 5,1883 July 30,1892 First National Bank, San Luis Obispo, Cal Dec. 24, 1887 Aug. 27,1892 First National Bank, De Smet, Jan. 16, 1886 Sept. 14,1892 j S.Dak Third National Bank, SanOct. 28, 1872 Sept. 18,1892 dusky, Ohio Merchants' National B a n k , Chattanooga, Tenn j Nov. 3, 1890 Sept. 24,1892 | National Bank of tbe Republic, Tacoma, Wash Sept. 30,1890 Oct. 1,1892 ! Third National Bank, Urbana, Ohio Dec. 18,1872 Oct. 15,1892 ! Total. Capital stock. $5,980 $30, 720 50,000 10.250 I 3,680 6,570 50, 000 11,250 ! 5,050 6,200 50,000 11,250 I 2,350 8,900 14, 530 30,470 2,060 10, 940 2,918 8,332 $185,600 $36, 700 i j 250, 000 45,000 | 50, 000 13,000 50, 000 11, 250 50,000 11, 250 100,000 50, 670 100, 000 21,700 I 200,000 45,000 | 50, 000 2,775 8,475 9,960 40, 710 3, 920 17,780 9,980 35,020 1,550 ! 9,700 2,483 ; 13, 207 1,780 I 9,470 11,250 70, 000 35,750 50,000 50,000 250,000 11,250 1,800 I I 11,250 13, GOO ! 45, 000 9,450 31,400 11, 250 50,000 I 11,250 26,720 125, 000 26, 720 100,000 19, 890 1,910 21, 800 50,000 1,320 9, 950 2,800 19,700 2,641 j 22,46i 11, 250 100,000 22, 500 100, 000 25,102 50, 000 1,450 ! 9,800 1,060 j 10,190 2,090 ! 31,660 12,070 | 29,250 11, 250 50, 000 11, 250 150, 000 33, 750 100,000 41, 320 80, 000 4,700 | 63,150 2,320 | 20,180 I 31, 258 67, 850 100, 000 22,500 I 150, 000 33,750 2,497 I 11, 250 50,000 11,250 ' 100, 000 1,650 I 20, 850 22, 500 150,000 1,350 I 32,400 10, 800 11,250 ! ! 450 | 1,050 ; 43,950 45,000 I 1,170 ! 43,830 33,750 j 50, 000 200, 000 i 250,000 j 200,000 j 100,000 I 8,007,500 j •Failed. ReOutdeemed. standing. Issued. 45, 000 ' 45,000 45,000 22,500 I. 22,500 2,031,851 | 393,673 I 1,638,178 24 REPORT OF THE COMPTROLLER OF THE CURRENCY. The gross liabilities of the seventeen banks which failed during the year were $12,538,448. The estimated value of the assets is $10,750,347, or 85.74 per cent of the liabilities. Five of these banks failed prior to December 1, and their failure was the result of the quasi panic of 1890 and 1891, and a continuation of the bank failures which characterized the year immediately preceding. The Maverick National Bank of Boston had liabilities of $8,727,833, or more than two-thirds of the total liabilities of the banks failing during the year. Aside from that institution the failures were inconsequential in amount, and, as noted above, the probable loss to creditors is less than the average for previous years. No bank has failed since July 6, 1892. DOMESTIC EXCHANGES. One of the great values which the national-bank system possesses is the facility it affords for obtaining accurate statistical information as to the course and character of business. With nearly four thousand banks, representing nearly every locality and every business interest, under central supervision, it is within the power of the Comptroller of the Currency to obtain data showing exact conditions of business at stated time or times. .For the purpose of showing the course and magnitude of business of the banks, my predecessors have called for the exchanges drawn by the different banks upon each other and upon the reserve and central reserve cities for a certain year. These exchanges represent the settlement of balances between the different banks and correspond exactly with the cash balances paid or received by the different banks, in settlement of their exchanges in our clearing-house cities. My immediate predecessor, Mr. Lacey, called for such information for the year ended June 30, 1890, and June 30,1891. Thinking that the monetary stringency that prevailed in the fall of 1890 and the early part of the year 1891 might be thought to impair the value of statistics for these years, as a criterion, I have also obtained like information for the year ended June 30,1892. Thus we have three successive years, covering what maybe fairly termed a sample period, and the information set forth in the following tables may be accepted as fairly reflecting the volume and character of the business of the banks for the periods covered, hence it will be unnecessary to call for similar information from the banks for some years to come. Out of the 3,759 banks called upon, 3,647 complied with the Comptroller's request and furnished the data for the following table: REPORT OP THE COMPTROLLER OF THE CURRENCY. 25 AMOUNT OF DRAFTS DRAWN BY NATIONAL-BANKING ASSOCIATIONS UPON NEW YORK, CHICAGO, ST. LOUIS, THE OTHER RESERVE CITIES, AND ON ALL OTHER LOCATIONS, THE NUMBER OF BANKS DRAWING UPON EACH CITY, AND THE PERCENTAGES OF DRAWINGS IN 1892. 1892. Location of banks drawn upon. Number drawing. Central reserve cities: New York Chicago St. Louis Other reserve cities :* Boston Albany Philadelphia Pittsbui g Baltimore Washington New Orleans Louisville Cincinnati Cleveland Detroit Milwaukee Kansas City St. Joseph Omaha Brooklyn St. Paul Minneapolis San Francisco Des Moines All other localities. 3,427 1,178 577 654 189 255 72 180 192 404 141 97 111 335 42 217 4 168 102 241 18 1,280 Amount drawn. $7, 896, 467,165 1, 428, 828, 063 260, 649, 996 1, 395. 937, 524 24, 007, 580 546, 582, 679 111, 444, 735 040,141 363, 374 36, 882. 816 43, 444;458 160, 648, 321 31, 407,145 55, 916,023 j 38, 974,954 I 104, 336, 804 9, 301,148 135, 557, 812 736, 111 93, 678, 219 43, 142, 540 946, 228 023, 513 379. 642, 241 12,994,959, 590 Total. Per cent. 60.77 11.00 2.01 10.75 .18 4,21 .85 .68 .05 .28 .33 1.24 .24 .43 .30 .80 .07 1.04 .01 .72 .33 77 .02 2.92 100. 00 *The total amount of drafts drawn upon other reserve cities in 1892 is $3,029,372,125, and the percentage 23.30. For purposes of comparison the following table, snowing similar information for 1891 and 1890, is reproduced: 1891. Location of banks drawn upon. Central reserve cities: New York Chicago St. Louis Other reserve cities :* Boston Albany Philadelphia p Pittsburg Baltimore Washington New Orleans Louisville Cincinnati Cleveland Detroit Milwaukee Kansas City St. Joseph Omaha Brooklyn St. Paul Minneapolis San Francisco Des Moines All other localities Total. 1890. Number Number j drawing. Amount drawn. Per cent.I drawing. A m o u n t t, 326 I$7, 836, 208, 250 ., 146 |1, 254, 693,941 589 j 237,908,010 61.31 9.82 1.86 853 ! 1,492,266,242 68 | 26, 947, 718 664 ! 541, 333, 463 204 j 147, 213, 869 258 87, 802,114 4, 651,146 67 37, 518, 587 243 56, 056, 805 200 429 148, 726, 218 128 29, 473. 237 105 55, 549, 913 111 36, 069, 676 391 104, 363, 214 10, 556, 220 57 104, 302,120 228 1,771,976 6 75, 937, 658 170 98 29, 784, 617 231 108, 329,796 22 2, 291,146 .,325 352, 396,559 11. 61 21 4! 24 1.15 69 04 30 44 l!17 24 44 29 82 08 82 01 60 24 85 01 2.76 12, 782, 212,495 100. 00 drawn. Per cent. 3,147 1,024 481 $7, 284, 982, 634 1, 084, 574, 558 188, 765, 842 63. 07 9.39 1.64 2, 334 2, 527, 757, 482 21.88 464,817, 739 4.02 11,550, 898,255 100.00 1,080 * The total amount of drafts drawn upon other reserve cities (not shown in detail in 1890) in 1891 Digitized forwas FRASER $3,101,005,735 and the percentage 24.25. 26 REPORT OF THE COMPTROLLER OF THE CURRENCY. From the preceding table it will be observed that the percentage of exchange drawn upon New York, Boston, and Philadelphia shows a slight loss each year, while the percentage drawn upon Chicago and St. Louis shows a slight increase, indicating that, with the growth and increase of wealth in the interior of the country, the proportionate amount of business done by these large interior cities is increased out of proportion to the seaboard cities. The following table shows the number of banks drawing and the amount of exchange drawn by all the national banks reporting, classified by States and arranged in the order of the total amounts drawn, further subdivided so as to show the operations of the banks in reserve cities, and other banks, separately, during the year ended June 30, 1892, to which has been added a column giving corresponding totals for the years 1891 and 1890: AMOUNT OF DRAFTS DRAWN BY ALL REPORTING BANKS IN 1892, Reserve cities. Location of diaw-, ing banks. I All other. Amount. Amount. 1891, AND 1890. Total. Amount. Amount. Amount. jfc.2 Total 1892. 55 $750,855,974 211.107,698,918 67; 683, 986, 858 51 223, 565, 323 23 583,838,742 22 511,932,307 1892. 1892. 1891. I 1890. $838, 970, 687 263i$l 589,826,661 $1 647, 658, 703;$l.600, 009, 684 502, 446, 908 201 610,145, 826 , 410, 349, 266 361,844, 062 601, 541, 825 372 285, 528, 683 , 277, 263,733 130,402, 494 751, 200, 437 315 974, 765, 760 967,584, 963 919, 743, 864 337,069, 717 233 870, 908,459 833, 471, 368 772,069, 028 57,478,100 78 569,410,407 635,857,962 543,777,164 483,136,133 97 483,136,133 540, 605, 942 508, 700, 947 448, 585, 555 84 448, 585,555 428, 790, 755 416,047,524 9 217,230,227 228, 074, 091 132 445,304, 318 381,159, 666' 331,177, 493 7 138,763,202 225, 819,125 101 364, 582, 327 369, 686, 997 345, 484, 681 330,195,197 206| 330,195,197 347, 699, 375, 241, 780, 749 385,405,212 328, 865,169 281,262, 306 125,448, 060 12! 259,957,152 363, 351,840 59 363,351,840 326,295,972 323, 357,109 273, 964,364 1481 297, 748, 261 315, 345,151 229, 878, 098 3 23,783, 897 43,137, 348 65 308, 074, 908 296, 966, 976 260, 619,135 22| 264,937, 560 219, 779, 731 106 219, 779, 731 221,086, 925 186, 618, 301 i 138, 434, 774 74 210,534, 597 187, 850,498 149,171, 877 3| 72,039,823 209,156, 011 52 209.156, 011 176, 871,574 160, 755, 610 169, 607, 438 77 169^ 607,438 176,479, 284 162,579,412 164, 888, 554 137 164, 888, 554 159,419.341 143, 467, 707 136, 226, 963 54 136, 226, 963 152, 719, 3951 94, 831,961 149, 845, 579 51 149, 845, 579 141, 525, 565] 134, 854,170 81, 559,474 79 137, 226, 761 138,148, 783 133, 031, 928 10| 55,667,2871 12, 405, 394 20 135,406, 705 134, 919, 339 120. 422, 635 10i 123.001,311! 89, 209,450 35 118, 910, 689 124,474, 265 110, 748, 634 2i 29, 701, 239 116,400, 602 36 116, 400, 602 118, 001, 654 83,719,222 103,244, 799 111, 109, 843 48 111,109,843 85, 033, 920 85,944,110 94,194, 996 85, 944,110 61 74, 334, 294 77,431,400 88,208,733 77,431, 400 32 88,055,102 66, 980, 208 70, 335, 904 58, 548,436 66, 980, 208 39 68, 775, 278 65,765, 033 52,223, 703 68, 775, 278 34 52, 544, 854 65, 046,139 52, 544, 854 29 53, 335, 607 47, 796, 878 52, 363, 656 46,206, 305 12| 45,257,077 2, 539, 801 13 43, 810, 681 47,131, 898 43, 810, 681 23 45,572,126 43,546, 212 45,503,254 45,503, 254 18 35,125, 031 34,458, 046j 42, 705, 672 41, 378, 067 34, 458,046 13 39, 438, 013 40,761,234 30, 949, 385 39,438,013 17 34, 414, 274 25,167, 612 35,458, 014 35,458,014 27 40,870, 919| 33, 215, 067 32, 061, 974 40, 870,919 40 25,176, 990J 29, 079, 559| 22, 948, 968 25,176, 990 121 27, 905, 7771 31, 359,123 25,163, 982 9i »i 25,163,982 16, 553, 426 29,748,093 28 29, 748, 0931 26,574,478| 28 22,467,132 14 26, 227, 052 27, 349, 987 22.467,132 14 17, 598, 426 12 20,142,533 14,837,575 17,598,426 12 11,965, 046 12 10,413, 865 11, 965, 046 11,891, 088 12 10,735, 684 8,507, 703 7,948, 235 7,948, 235 8 8 3, 494, 472 1,884, 380 3,471, 226 3,471, 226 4 4 2, 237, 907 2, 695, 871 2, 639,028 2, 639, 028 2 2 2, 090, 873 1,954,033 1,954, 033 5 5 1, 800, 833 1, 752, 724 3 1, 752, 7241 3 ! 329 5, 042, 276, 897 3, 31817,952, 682,3,647112, 693 994,959, 59012,782, 212,495I11, 550, 898, 255 ! ! Massachusetts... Illinois Pennsylvania New Y. ork Ohio..* I Missouri | New Jersey ... Connecticut ... Nebraska Michigan Texas Minnesota j Rhode Island j Iowa I Maryland j Indiana i Wisconsin | Colorado j Maine j Kansas • Tennessee i New Hampshire. ; Kentucky Louisiana | California j Virginia Vermont Washington .. Georgia Oregon Montana Alabama Dist. of Columbia North Carolina .. Florida South Carolina .. Delaware West Virginia. .. South Dakota Mississippi Arkansas North Dakota Utah New Mexico Wyoming Idaho Arizona Nevada Indian Territory. Oklahoma 208 180 305 264 210 56 97 84 123 94 206 57 59 145 43 106 71 52 77 137 54 51 69 10 33 36 48 61 32 39 34 29 1 23 18 13 17 27 40 12 27 REPORT OF THE COMPTROLLER OF THE CURRENCY. It will be noticed that some changes have taken place in the relative importance of the several States during the year. Nothing especially significant, but all suggesting the westward trend of wealth and business. In order to further illustrate the operations of banks covered by the foregoing statement, the following table is introduced, which exhibits the amount drawn by banks in the several reserve cities: AMOUNT OF DRAFTS DRAWN BY BANKS IN THE SEVERAL RESERVE CITIES, 1892. Reserve cities. New York Chicago Boston Philadelphia Kansas City Cleveland Baltimore Cincinnati Pittsburg St. Louis Omaha Detroit Albany St. Paul ~New Orleans Minneapolis Milwaukee Louisville St. Joseph Washington Des Moines San Francisco Total other re- On all other On New York. On Chicago. On St. Louis. On serve cities. banks. $4, 365, 000 716,348,880 711, 425, 452 411, 695, 566 148, 063.578 263, 094, 031 228, 044, 734 185. 919, 740 165,443, 769 160,191. 368 109, 297, 538 119, 221. 922 125,497,020 85, 058, 793 118, 553, 557 55,355,282 28, 626, 086 45,149, 951 32, 561. 982 40,161, 794 10,168, 725 22, 494, 888 3, 786,739, 656 Total. $54,105 $15,919 $90, 699, 735 233,163, 589 8, 645, 379 93, 428, 780 3, 317,453 5, 654 35,854,418 584, 093 16, 540 34, 306, 781 56, 063, 854 58,864, 911 3, 041, 752 10, 708, 022 1,181, 403 13, 657, 289 190, 565 17,701 36, 674, 550 15,913, 739 6,162, 069 32,186, 295 12, 972,128 168, 344 56, 235, 353 21, 517,158 11, 210, 048 77, 414, 602 16, 240, 994 14,100, 505 9,761, 528 9, 484, 766 145, 000 46,235 2,850, 074 39,279,118 ""1,192,093* 17, 229, 382 1, 725, 501 1, 566, 595 1,155, 086 34, 785, 889 24, 823, 595 41, 085, 847 2, 372, 890 15,000 2, 854. 946 5, 396, 829 1,410,024 8, 763, 957 3, 729, 574 7,191, 286 157,444 4,929, 939 12, 892, 399 506, 600 416,173 2, 004,458 2,907,228 1, 010, 860 $37 ^35 56,112' 290 252, 997 2, 553, 375 10, 386 835, 266 10, 010 4,180, 888 10, 909 722, 453 176, 588 149, 986 1, 283, 805 $95,171, 994 1,107, 698, 918 750, 855,974 449,156, 355 266, 044,481 289,476,011 264, 937, 560 244,362,731 234, 830, 503 193,641, 027 217, 230, 227 138, 763, 202 128, 393, 329 143,039, 386 123, 001, 311 116, 917, 766 72, 099, 823 55, 667, 287 52, 246, 799 45, 257, 077 23, 783, 897 29,*701, 239 585, 256, 630 69,433,197 5, 042, 276, 897 101, 713, 947 499,133,467 280,606 572 1, 953, 000 855, 537 7,900 28 REPORT OF THE COMPTROLLER OF THE CURRENCY. Continuing the same classification as is exhibited in the preceding table, the following table is introduced giving like information as to all banks outside of reserve cities : AMOUNT OF DRAFTS DRAWN BY BANKS IN THE SEVERAL STATES OUTSIDE OF THE RESERVE CITIES. States and Territories. On New York. Massachusetts New York Pennsylvania New Jersey Connecticut Illinois Texas Rhode Island Ohio Iowa Michigan Indiana Colorado Maine Nebraska Kansas Tennessee New Hampsli i re Wisconsin Virginia Vermont California Washington Minnesota Georgia Kentucky Oregon Montana Alabama. Missouri North. Carolina Florida Maryland South. Carolina Delaware West Virginia South Dakota Mississippi Arkansas North Dakota Utah New Mexico Louisiana Wyoming Idaho District of Columbia. Arizona Nevada Indian Territory Oklahoma $219, 293, 363 708,G52, 233 239, 672, 087 420,100,198 407,189,052 125, 029,228 181, 667, 824 213, 917,176 225, 044,403 80, 749, 397 98, 566,069 117,130, 815 128, 995, 061 30,917, 004 58,729,050 70, 924, 002 102,996, 976 7, 289,883 29,184, 632 78, 210, 035 41, 381, 613 21,017, 261 34, 872,153 35, 519, 259 73,116, 762 27, 365, 442 24,705, 901 36, 054,947 45,131, 812 9, 950, 820 30,023, 841 33,945, 211 7,585. 977 31,968; 269 7,113, 855 15,686, 519 13, 903,086 14,323,450 10,173, 740 9,361,630 13, 655. 855 10,476, 832 4,701,167 4, 690,006 3,094, 096 2,434, 651 1,370, 305 371,530 792, 923 On Chicago. On St. Louis. On other re- On all other serve cities. localities. Total. $1,405,286 $617, 905, 245 $366,793 $838, 970, 687 1, 577,083 38, 709, 327 2, 261, 794 •751, 200, 437 1,284, 247 359,374, 368 1, 211,123 601,541,825 48, 45i) 62, 966, 095 483,136,133 21, 381 550, 413 40,830, 572 15, 518 448, 585,555 324,647, 235 $29,163, 899 18, 870, 015 4, 736, 531 502, 446, 908 4, 786, 538 42,422, 045 21, 637, 249 79, 681,541 330,195,197 100 130, 717, 662 18, 716, 902 363,351,840 6, 285, 797 144, 536 95,664,449 9,930, 532 337,069, 717 168, 450, 984 3, 846, 497 13,115,159 7, 802, 327 273, 964, 364 59, 986, 454 65,988,431 1,278,171 225,819,125 41, 664,704 1, 984, 095 44, 401, 511 14,598,606 219, 779, 731 17,141,854 9,416,190 20,370, 404 33, 032, 502 209,156; 011 133,678,466 5, 011, 968 169, 607, 438 42,714,473 1,148,753 117,791,429 7,690,386 228,074, 091 13, 741, 669 15,917,225 61,435,110 2, 870, 548 164, 888, 554 1,802, 392 3, 367,525 20,697, 635 7, 362, 435 136,226, 963 142,483,040 72, 656 149,845, 579 74,631, 220 33, 810,104 138, 434, 774 3, 598 35, 308,066 2, 878, 903 116,400,602 80, 750 65,916,525 3, 730, 955 111, 109, 843 4,183, 905 463, 765 56, 832, 268 6, 712, 251 89, 209,450 5, 466, 407 18, 099, 986 27, 505, 564 85, 944,110 30, 760, 884 *i28*275" 58, 022, 226 1, 017,416 125,448, 060 2,717 963,816 3, 348,105 77,431, 400 303, 950 49, 576,818 3, 854, 988 458, 276 81, 559,474 3,562, 945 23, 395, 261 15, 095, 983 220.118 66, 980, 208 9, 961, 291 2,813, 795 11,223,013 8, 722, 232 68, 775, 278 18, 592 4,889,191 2, 260, 862 244, 397 52,544, 854 5, 456,122' 31, 435, 292 10,087, 549 548, 317 57,478,100 8, 959, 991 4.826, 849 43, 810, 681 894,810 2,181,186 8; 454, 592 27,455 45,503, 254 19, 481 35, 266, 249 265, 641 43,137, 348 1,690, 896 798, 881 34,458, 046 32, 324,158 39,438, 013 15,971,107 3, 800, 388 35,458, 014 14 203, 942 700,876 4,724,704 7, 338, 311 40,870,919 20,742 908, 284 7, 347,989 2, 576, 525 25,176, 990 582,122 10, 763,453 1, 553, 328 2, 091, 339 25,163, 982 1, 824,244 17,941, 849 620, 370 29, 748, 093 1, 678, 577 333,153 5, 371, 210 1, 428, 337 22, 467,132 838,174 1,050,008 4,141, 989 1, 091, 423 17, 598, 426 37, 436 1,139, 581 6, 306, 613 220, 597 12,405, 394 1, 878,113 4,548,159 848, 768 11,965,046 765, 700 2, 443, 811 1, 638,408 7, 948, 235 6,220 32, 251 2, 539, 801 72, 899 34, 268 362, 810 3, 471, 226 1,547. 736 156,107 103, 894 2, 639, 028 580, 890 1, 582i 714 1,954,033 54,973 685, 290 420,847 1,752, 724 31,592 169,892 871,132 Total 4,109,727, 509 843,571,433 158, 935, 049 2,530, 239, 658310, 209,044 7, 952, 682, 693 By banks in reserve cities 3, 786, 739, 656 585, 256, 630 101,713,947 499,133, 467 69,433,197 5, 042, 276, 897 Grand total... 7,896, 467,165 1,428,828,063 .260, 648, 996 1,029, 373,125 379, 642, 24112,994, 959, 590 In connection with these tables, showing the vast volume of business done by these banks, the question naturally suggests itself: What is the cost of this business to the public and what character of service is rendered to the public by these banks f Answering this question the Comptroller, in 1890, obtained data from which he submitted a table showing the amount of premium charged on each $100 of exchange drawn, stated in cents, fractions thereof being omitted. EEPORT OF THE COMPTROLLER OF THE CURRENCY. 29 The table referred to is here reproduced. States and Territories. Rhode Island New Hampshire Delaware Maryland District of Columbia . Kentucky Massachusetts Connecticut Vermont New York New Jersey Ohio Missouri Maine Pennsylvania Kansas Nebraska Illinois Virginia Indiana Minnesota Utah "Washington Wisconsin Rate of exchange on $100. Cents. 1 1 4 4 4 5 5 6 7 7 8 8 8 9 9 9 9 9 10 10 10 11 11 11 States and Territories. Iowa North Dakota... South Dakota... Michigan West Virginia.. California Montana Wyoming Colorado Idaho Louisiana South Carolina.. Mississippi Oregon Florida Tennessee Alabama Georgia North Carolina . New Mexico Arkansas Arizona Nevada Texas Rate of exchange on $100. Cents. 11 11 11 12 12 12 12 13 IB 13 14 14 15 15 17 17 18 18 18 18 20 20 20 21 Average rate, United States, per $100 on total exchange ($11,559,898,255) This table shows an average of 8 J cents on each $100 of exchange drawn by all of these banks; that is, exchange drawn on each and every one of their correspondents with whom they may have had dealings during the year. In order to give a more M l and practical illustration of this subject, I have this year prepared data showing the total amount of exchange drawn by the various banks reporting to have been $12,994,959,590, and the total commissions charged to have been $3,343,736, or an average of .03 of 1 cent on the $100 of exchange. Contrasting the current rates charged by the banks (when they make any charge at all) with the statement just made, and we see what a vast amount of exchange is drawn without any compensation whatever. 30 REPORT OF THE; COMPTROLLER OF THE CURRENCY. The following statement shows in fractional parts of a cent the average charge x>er $100 for exchange drawn by national banks in each State during the year ended June 30, 1892: Average •> charge per $100. States and Territories. Cents. 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 .01 .08 .03 .004 . 0015 .01 .03 .002 .02 .007 .01 .04 .06 .07 .09 .08 .14 .01 .12 .12 .05 .13 .09 .03 .08 .02 Average charge per $100. States and Territories. ts. .02 .06 .01 .04 .04 .04 .03 .04 .02 .12 .03 .03 .07 .07 .05 .08 .10 .07 .07 .05 .17 .06. .14 .11 Ohio Indiana Illinois Michigan Wisconsin Iowa Minnesota Kansas Nebraska Nevada Oregon Colorado Utah Idaho Montana Wyoming New Mexico North Dakota South Dakota Washington Arizona California Oklahoma Territory Indian Territory Average United States .03 In order to mark the progress made in banking and emphasize the improvement in the service which railroad, express companies, and telegraph facilities afford and bring into proper prominence the extent to which the bank service to the public has been cheapened, as well as enlarged and improved, I insert here, for the purpose of comparison or contrast, two tables taken from Elliott's Funding System, showing the cost of exchange and the charges which the public were required to pay at the dates therein mentioned. DISCOUNT ON DOMESTIC EXCHANGE AND PREMIUM ON AMERICAN GOLD AT NEW YORK IN JANUARY IN THE YEARS MENTIONED. 1828. Boston Philadelphia Baltimore . Richmond. North Carolina Charleston Savannah . New Orleans American gold Par. Parto£ *to | | to 1 1829. 1830. itol it©* lt02 £to| 8 to 10 3£ to 4 l t o l j I£to2 I|to2i ltolfc 6to6£ 1831. 1832. 1834. 1835. Par. Par. k tofr jtol ftol f to! to | tol 2to2J I£to2 I£to2 ltolfc Itolfc ltolj ltol| 5| to 6 I 4to4J 3to3J 1 lito'2 itoi 2 1 to 1| 1 to \\ 2 ltott i t o l l t o l | 5Jto6 I 1833. *May. 1836. Par. 1837. 1838.* Par. Par to 2 Par to £ 11 to 5 Par to £ If to 5 | ltolj 2 to % 5 2 to 8 1\ to 3 2| to 10 3 to 4 2 to 12 6* 7 to 9 REPOKT OF THE COMPTROLLER OF THE CURRENCY. 31 RATES OF DOMESTIC BILLS IN NEW YORK IN THE YEARS 1838 TO 1843. 1843. Boston Philadelphia Baltimore Richmond North Carolina... Charleston Savannah Mobile New Orleans Nashville 20 Louisville Cincinnati Par to Par to Par to 1 to l*to If lito I to 14 to 16 1 to 2p 3 to 3j 1 to 1 to * New York, resumption, May, 1838. t General resumption, February, 1839. X Eesuspension, November, 1839. The competition for bank accounts takes various forms. Interest is paid upon average balances, exceeding certain amounts, in many cases. But the usual method of rewarding depositors for keeping balances is taking their collection items and crediting the same as a cash deposit, and giving them the exchange required in course of business at par. The fact that the average commission received by the banks on each $100 of exchange sold is three hundredths of 1 cent shows conclusively what an enormous amount of business is done by the banks gratuitously, or without direct charge. The number of b'xnks reporting exchange drawn this year (3,647) is 10 greater than last year. The volume of exchange drawn is greater by $212,747,095. If to the $12,994,959,590 reported by the 3,647 banks we add for the remaining 112 national banks, and then take into consideration the exchange that must have been drawn by the 4,520 private bankers and State banking institutions other than savings banks, whose general condition is set forth in a subsequent portion of this report, we shall have a grand total of exchange drawn by all the banks, approximating $17,500,000,000. A bank having a balance to settle with another bank does so by remitting a draft upon some bank where it has a balance, usually upon New York City. Drafts on New York are at a premium in most parts of the country, seldom at a discount in any place. Thus by a system of draft remittances the obligation of one interior bank to another drifts into our money centers for collection, goes into the volume of the exchanges, enjoys the economy of every possible offset, and this great volume of business is transacted and all balances adjusted by the actual shipment of a very small amount of money. SUBSTITUTES FOB MONEY. The subject of the currency of the country, always one of interest and importance, is especially so at the present time, because of the differences which obtain in the minds of the people in regard to what the currency should be and under what authority it should be created. It will api>ear from the statistics given in this report to what extent the use of money is minimized by means of clearing-house organizations in our principal cities, and, for the purpose of showing to what a limited extent actual money enters into the business transactions of the country, I have followed the precedent set by my predecessors in office in 1881 gud 1890 and askecj all the banks under the supervision of l i 32 REPORT OF THE COMPTROLLER OF THE CURRENCY. Bureau to report all receipts for the 15th day of September, 1892, separately stated and classified. My object in this report has been to furnish reliable data from which the public could see and realize how small a percentage of business transactions are represented by actual money, and how impossible it is for the Government to furnish a volume of currency sufficient to meet the wants of the people at all times—that is, in time of general distrust or quasi panic. Over 90 per cent of all business transactions are done by means of credit. When the public lose confidence and credit is impaired and refused, over 90 per cent of all business transactions are directly affected. It is easy to realize how impossible it is for the remaining 10 per cent of money to carry on the business of the country without monetary stringency and financial distress. The refusal to extend or continue credit, the demand for payment in money, leaves the actual money or currency of the country, be it $24 per capita or $50 per capita, utterly powerless to supply business needs. Out of the 3,759 banks reporting their condition on July 12, reports were received from only 3,473 in time for insertion in this report. Those failing to report were the newer and less important institutions, hence the data received may be taken as fairly representing the business of the country. The total receipts of the 3,473 banks on September 15, 1892, were $331,205,213. September 17,1890, 3,474 banks reported total receipts of $327,278,251. The classification is the same and the percentage slightly varies. The following table shows the character, amount, and percentage of receipts of national banks on September 15, 1892: September 15,1892. Character of receipts. Gold coin Silver coin Gold Treasury certificates Silver Treasury certificates Legal tenders Treasury notes National-bank notes United States certificates of deposit for legal tenders Checks, etc Clearing-house certificates Exchanges for elearirg house Miscellaneous Total , 3,473 banks. Percentage of total receipts. $2,907,017 1, 372, 054 3,407. 340 6,537,015 8, 531, 514 2,675, 269 3,454,483 2,210, 000 154,959, 059 2, 691, 829 141, 873, 266 586,367 .88 .41 1.03 1.97 2.58 .81 1.04 .67 46. 7S .81 42.83 .18 331,205,213 100. 00 From the above table it appears that 9.39 per cent of the transactions were represented by actual cash, the balance by checks, drafts, exchanges, and other substitutes for money. REPORT OF THE COMPTROLLER OF THE CURRENCY. 33 The following table shows the character, amount, and percentage of receipts of national banks in the central reserve cities, etc., on September 15, 1892: ISTew York. Chicago. St. Louis Character of receipts. 48 banks. Other reserve cities. Country. 21 banks. 8 banks. 252 banks. $76, 681 $87,636 $10, 507 $507,447 Gold coin 75, 601 9,115 280, 389 Silver coin 50,331 Gold Treasury certifi8,080 cates 2, 861, 600 297, 710 17, 210 Silver Treasury certif- I icates | 146,189 1, 858,499 447, 285 847,729 Legal tenders j 2, 914,161 395,060 63,184 2, 073,356 185,125 8,564 356,676 Treasury notes j 1, 541, 064 175, 791 45, 223 664, 758 319,252 National-bank notes... | United States certifi- | cates of deposit for i 760, 000 legal tenders I 1, 380, 000 Checks ! 37, 245, 870 13,072,743 l, 009, 898 41, 738,194 Clearing-house certifi- \ cates 241,669 2, 353, 588 Exchanges for clearing \ house i 8!,729,320 ! 10, 632,618 847, 641 38, 035, 241 Miscellaneous I.. 120,282 Total 3,144 banks. Total. Percentage of total receipts. 3,473 banks. Per cent. 0.88 .41 $2, 224, 746 $2, 907, 017 956, 618 1, 372, 054 222, 740 3, 237, 313 3, 085, 753 583,840 2, 249,459 3,407, 340 1.03 6, 537, 015 8,531,514 2,675,269 3,454,483 I 1.97 2.58 .81 1.04 2,210, 000 70, 000 61, 892, 354 154,959, 059 .67 40.79 2, 691, 829 .81 8,628,446 141,873, 266 466, 085 586, 367 42.83 .18 1130,976,963 125,078,114 12,390,070 |89, 046,140 83,713,926 331,205,213 100. 00 96, 572 The following table shows the character and percentages of total receipts of national banks in ISTew York, etc., September 15,1892: Character of receipts. Gold coin Silver coin Gold Treasury certificates.. Silver Treasury certificates Legal tenders Treasury notes National Bank notes United States certificates of deposit for legal tenders... Checks, etc Clearing-house certificates.. Exchange for clearing house. Miscellaneous Total . New York, 48 banks. Chicago, 21 banks. Other reSt. Lonis, serve cities, 8 banks. 252 banks. Per cent. 2 23 L18 .24 Per cent. .31 .30 .07 1.78 1.58 .74 .70 Per cent. .44 .38 .34 6.12 2.64 .36 1.89 Per cent. . 57 .32 .33 2.09 2. 33 .40 .75 Per cent. 2.66 1.14 .27 3.87 3.69 .69 2.69 t'er cent. .88 .41 1.03 1.97 2.58 .81 1.04 1.05 28.43 52.12 63.93 42.40 42.26 10.11 35.46 .85 46.87 2. 64 42*. 71 .14 .08 73.93 .12 10.30 .56 .67 46. 79 .81 42.83 .18 100.00 i 100. 00 100. 00 100. 00 100. 00 100.00 .07 .04 2.18 Percentage Country, of total banks. receipts. It will be noted from the above table that the percentage of cash received was, in the city of New York 7.64+, in Chicago 5.48+, in St. Louis 12.17+. In the other reserve cities 7.64+, in the country banks 15.09+, and the cash percentage of the total receipts 9.39+. 9647 3 34 REPORT OF THE COMPTROLLER OF THE CURRENCY. The following table shows the number of banks, total receipts and percentage of such total of checks, etc.?receivecl by national banks in each State and Territory, exclusive of reserve cities, on September 15? 1892: States. 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 VVisconsin Iowa Minnesota Kansas Nebraska Nevada Oregon Colorado Utah Idaho Montana "Wyoming New Mexico North Dakota South Dakota Washington Arizona California Oklahoma Territory. Indian Territory . . . . Total . No. of banks. 50 43 213 58 81 250 94 288 18 38 1 33 22 21 13 28 18 28 13 11 188 9 58 47 48 191 101 165 142 PercentReceipts. checks, etc. $1,708,985 1,162, 227 821, 225 7,063, 468 3, 063, 485 3, 698, 935 6,757,119 5, 214, 420 6, 685, 288 495,464 576, 752 54, 666 1, 342, 080 456, 027 436, 521 660, 649 758,226 473,809 500, 305 138,550 63, 678 3,562,658 203,251 1, 025, 622 1, 076, 511 404. 928 4, 986,188 3,199,958 4, 780,175 1, 758, 624 1,712,360 I 2,721,280 j 1,679,606 2,143, 404 1,770,246 17, 247 1,122, 545 3,377,856 472, 014 141, 476 1, 346. 841 167, 212 116, 098 329, 830 700, 984 1, 214,474 136, 699 1, 327, 247 50, 771 32, 942 88.75 87.41 89.09 88,95 92.04 92.30 88.01 84.98 85.87 87.41 86.03 54.75 90.04 85.85 79.87 92. 23 84.34 84.02 78.03 74.15 60.85 80.41 79.95 83.50 83.17 78.82 79.45 80.09 85.17 * 83.74 82. 92 78.95 90.94 85.51 80.48 61.55 62.44 92.11 76.27 50.52 84.47 79.02 67.32 85.32 83.17 72.50 95. 64 79.77 42.37 46.85 83,713, 926 84.91 KEPOET OF THE COMPTROLLER OF THE CURRENCY. 35 The following table compares the several cities with the total country banks: NUMBER OF BANKS, TOTAL RECEIPTS AND PERCENTAGE OF SUCH TOTAL, OF CHECKS, ETC., RECEIVED IN NEW YORK AND 22 OF THE OTHER PRINCIPAL CITIES, SEPTEMBER 15, 1892. Cities. 2*0. of banks. $130, 976, 963 New York. Chicago St. Louis Boston Albany Philadephia . . . Pittsburg Baltimore Washington... New Orleans .. Louisville Cincinnati Cleveland Detroit Milwaukee Kansas City... St. Joseph Omaha Brooklyn St. Paul Minneapolis... San Francisco . DesMoines Total. Total all cities Banks elsewhere Total United States Receipts. Percentage of checks, etc. 92.36 25, 078,114 2, 390, 070 27, 339, 245 1,175,496 23, 369, 882 4,102, 424 4, 836, 972 940,470 1,498,735 950, 421 6,137, 507 1, 835,908 1, 658,194 684, 552 4,168, 021 610, 775 3,490, 258 1,124, 720 2, 382, 940 2,195,787 * 510,393 333, 140 94. 52 87.83 93.11 95.33 93.92 90. 02 82.46 66. 65 87.16 91.86 94. 64 92.79 91.82 90.93 93.46 91.63 95.76 81.55 97.00 96.60 83.39 88.40 281 116, 514, 324 92.74 329 3,144 I 3,473 247, 491, 287 83, 713, 926 92.54 84.91 331, 205, 213 90.61 It will be noted that 74.72 per cent of the total receipts are reported by the 329 city batiks, showing an increase of over 2 per cent by the country banks and a corresponding loss by the city banks, as compared with 1890, thus indicating a greater percentage of growth by the county banks. In order to facilitate comparison the following table is given comparing the data obtained for September 15, 1892, with both July 1 and September 17,1890, showing the proportions of gold coin, silver coin, paper money, and checks and drafts, including clearing-house certificates, to the total receipts in ~New York City, in other reserve cities, and in banks elsewhere, separately; and also the proportions for the United States; 36 REPORT OF THE COMPTROLLER OF THE CURRENCY. JULY .1, 1890. Localities. New York Other reserve cities Banks elsewhere No. of banks. Gold coin. Receipts. 47 $165,923,382 283 163, 855, 766 3,034 92, 045, 578 United States 3,364 Silver coin. Paper Checks, currency. drafts, etc. Per cent. Per cent. Per cent. Per cent. .08 .02 3.86 96.04 .54 .19 5.59 93.68 2.93 1.08 84.09 11.90 421, 824, 726 .89 .32 6.29 92.50 .05 .02 SEPTEMBER 17, 1890. New York Other reserve cities Banks elsewhere 286 3,141 120,451,4*72 120, 658, 864 86,167, 915 .65 3.31 .31 1.17 4.29 6.77 12.61 95 64 92. 27 82.91 United States 3,474 327, 278, 251 1.13 .43 7.40 91.04 .07 .51 2.66 .04 .31 1.14 7.53 6.44 11.29 92.36 92.74 84.91 8.10 90.61 47 SEPTEMBER 15, 1892. New York...: Other reserve cities Banks elsewhere .. 48 281 3,144 130, 976,963 116, 514,324 83, 713,926 United States 3,473 331, 205,213 In order to farther facilitate comparison, a series of tables lias been prepared, the first of which shows the amounts received by banks located in the city of New York on each of the five dates, June 30 and September 17,1881, July 1 and September 17, 1890, and September 15,1892, separately stating gold coin, silver coin, paper currency, and checks and drafts: June 30,1881. September 17,1881. July 1,1890. 48 banks. 48 banks. 47 banks. New York City. Gold coin Silver coin Paper currency... Checks, drafts, etc Total Per ct. .27 .01 1.02 98.70 $905,588 7,857 1, 071, 316 163, 208, 586 Per ct. .54 .01 .65 98.80 $140, 574 32, 758 6, 396, 749 159, 353, 301 Per ct. .08 .02 3.86 96.04 167,437, 759 100.00 165,193,347 100. 00 165, 923, 382 100. 00 $460, 994 15, 997 1,706, 604 165,254,164 New York City. September 17,1890. September 15,1892. 47 banks. 48 banks. Gold coin Silver coin Paper currency.,. Checks, drafts, etc $70,173 20,948 5,174,467 115,185,884 Per ct. .05 .02 4.29 95.64 $87, 636 50,331 9, 863,806 120,975,190 Per ct. .07 .04 7.53 92.36 Total 120,451,472 100.00 130,976,963 100.00 The changes indicate a marked increase in the amount of paper currency received, the extremes being represented by .65 per cent on September 17,1881, and 7.53 per cent on September 15,1892. The decrease in gold coin is more marked than in the increase in silver. The diminished proportion of receipts in checks and drafts is very remarkable, the average per cent for the two days in 1881 being. 2.91 37 REPORT OP THE COMPTROLLER OF THE CURRENCY. per cent greater than for the average of the two days in 1890; September 15, 1892, is 3.28 less than September 17, 1890. Another fact which attracts attention is that the receipts of the fortyseven banks on July 1,1890, are very nearly the same in the aggregate as those reported by forty-eight banks on September 17,1881, and slightly less than for June 30, 1881. The receipts for September 17,1890, show a very marked falling off in amount, but the percentages differ very slightly from those shown on July 1,1890. The increase in paper currency (3.24) nearly equals the decrease in checks, as shown September 15, 1892. The receipts of the banks in all reserve cities, exclusive of New York, similarly arranged, appear below: All reserve cities * except New York. June 30,1881. September 17,1881. July 1,1890. 187 banks. 189 banks. 283 banks. Checks, drafts* etc $581,070 114,485 3, 631, 710 72, 773,450 Per. ct .76 .15 4.71 94.38 $1,448,416 138, 248 4, 371, 045 71,964,538 Per. ct 1.86 .18 5.61 92.35 $888, 822 318, 978 9,161, 636 153,486,330 Per. ct. .54 .19 5.59 93.68 Total 77,100,715 100.00 77,922,247 100. 00 163,855, 766 100.00 Gold coin Silver coin Paper currency September 17,1890. All reserve cities* except New York. Gold coin . Silver coin Paper currency .. Checks, drafts, etc Total .. . . 286 banks. . . . . September 15,1892. 281 banks. $780, 331 374, 221 8,171,800 111,332,512 Per. ct .65 .31 6.77 92.27 $594, 635 365,105 7, 502,710 108, 051, 874 Per. ct. .51 .31 6.44 92.74 120, 658,864 100. 00 116, 514, 324 100.00 * Boston, Albany, Brooklyn, Philadelphia, Pittsburg, Baltimore, Washington, ISTew Orleans, Louisville, Cincinnati Cleveland', Detroit, Milwaukee, Minneapolis, St. Paul, Kansas City, St. Joseph,Omaha, and San Francisco. Des Moines included in 1892. The table next introduced covers the transactions of banks located outside of the reserve cities: All banks located outside of reserve cities. Gold coin Silver coin Paper currency Checks, drafts, etc. Total June 30,1881. September 17,1881. July 1,1890. 1,731 banks. 1, 895 banks. 3,034 banks. $822,041 310,516 I, 216, 32, 826, 552 Per ct. 2.04 40,175, 542 All banks located outside of reserve cities. Gold coin Silver coin Paper currency... Checks, drafts, etc Total 15.47 81.72 100. 00 $1, 724, 040 354,197 7,439. 210 12,600,738 52,118,185 Per. ct. 3.31 14.27 81.74 100. 00 $2, 697, 209 1, 000,913 10, 958, 979 77,388,478 Per. ct 2.93 1.08 11.90 84. 09 92, 045, 578 100.00 September 17,1890. September 15,1892. 3,141 banks. 3,144 banks. $2,852, 267 1, 004, 822 10,864,196 71,446, 630 Per. ct 3.31 1.17 12. «tt 82.91 $2,224, 746 956, 618 9,449,105 71, 083, 457 Per. ct 2.66 1.14 11, 29 84.91 86,167,915 100.00 83,713, 926 100.00 38 REPORT OF THE COMPTROLLER OF THE CURRENCY. The next table exhibits the total receipts of all reporting banks on five dates, similarly classified: June 30, 1881. September 17,1881. July 1, 1890. 1,966 banks. 2,132 banks. 3,364 banks. United States. Gold coin Silver coin Paper currency. Checks, drafts, etc $1, 864,105 440, 998 11, 554, 747 270, 854,166 Per ct. .65 .16 4.06 95.13 $4, 078, 044 500,302 12, 881, 571 277, 773, 862 Per ct. 1.38 .17 4.36 94.09 $3, 1, 26, 390, 726, 605 352, 647 517,364 228,110 Per ct. .89 .32 6.29 92.50 Total 284, 714, 016 100.00 295,233, 779 100.00 421, 824, 726 100.00 September 1 7, 1890. September 15,1892. 3,474 ban ks. 3,473 banks. United States Gold coin Silver coin . . Paper currency.. Checks, drafts, etc 772 991 463 025 Per ct. 1.13 .43 7.40 91.04 $2, 907, 017 1, 372, 054 26, 815, 621 300,110, 521 Per ct. .88 .41 8.10 90.61 327, 278, 251 ioo. oo 331,205,213 100.00 $3, 1, 24. 297, . . Total 702, 399, 210, 965, In order to exhibit the comparative importance of the transactions taking place in four principal cities, a table is added showing the total receipts by banks located in New York City, Boston, Philadelphia, and Chicago, separately stated for the five days, to which is added like information in respect to the other reserve cities and all other banks. RECEIPTS. Banks in four principal cities June 30,1881. September and elsewhere. 17. 1881. New York Boston Philadelphia Chicago $167,437,759 33, 088, 080 18, 061,565 8,141,189 : Total Other reserve cities . Total reserve cities All other localities United States July 1,1890. September 17, 1890. September 15, 1892. $165,193, 347 $165, 923, 382 $120,451, 472 $130, 976, 963 27, 339, 245 24, 094, 061 43,463, 559 26, 531, 841 23,369.882 17, 830, 648 38, 094, 099 23, 273, 886 25,078,114 13, 026, 835 24, 367, 551 22, 654, 923 226, 728, 593 17, 809, 881 220,144, 891 271, 848, 591 192, 912,122 22, 970, 703 57, 930, 557 48,198, 214 244, 538, 474 40,175, 542 243,115,594 52,118,185 329, 779,148 241,110, 336 92, 045, 578 86,167, 915 206,764,204 40, 727, 083 247, 491, 287 83, 713, 926 284,714,016 295, 233, 779 421, 824, 726 327, 278,251 331, 205, 213 PERCENTAGE OF TOTAL RECEIPTS BY ALL BANKS. Banks in four principal cities and elsewhere. New York Boston Philadelphia Chicago Average of four cities Other reserve cities Average of all reserve cities All other banks June 30, 1881. 58.81 11.62 6.34 2.86 19.91 6.26 5.37 14.11 September July 1,1890. September September 17,1890. 15,1892. 17,1881. 55.95 8.16 6.04 4.41 18.64 7.78 5.15 17.66 39.34 10.30 9.03 5.78 16.11 13.73 3.55 21.82 36.80 8.11 7.11 6.92 14.74 14.73 3.35 26. 33 39.55 8.23 7.07 7.57 15.60 12.30 3.35 25.28 The most conspicuous change to be noted in the above table is the increase in the percentage of country banks from 14.11, June 30? 1881, to 25.28 on September 15, 1892. REPORT OF THE COMPTROLLER OF THE CURRENCY. 39 The variation in the percentage of the different kinds of inoney7 checks, and drafts received, as shown in the statistics for September 15, 1892, do not essentially vary from those of 1890 and 1881. They fully confirm the general character of the banks' transactions. There has been a noted decrease in the amount of national-bank notes received and a corresponding increase in silver certificates and Treasury notes, caused by the retirement of national-bank circulation and its supplanting by .money issued directly by the Government. The percentage of checks and drafts in New York in September, 1881, was 98.80$ in September, 1890, 95.64, and in September, 1892, it was 92.36, showing a decrease for each of the three years reported, and a corresponding increase in the amount of cash received by the banks over their counters, which brings the cash receipts of the banks in the city of New York very near to the average of the whole country. The average percentage for all other reserve cities shows no material change. IMPRUDENT METHODS. The management of the national banks, as a whole, is entitled to the highest commendation for efficiency and conservatism. Banks that were disastrously affected, by continual crop failures, in certain sections of he country, are realizing the benefit of last year's bountiful harvest, and when their patrons realize upon this year's crop it is confidently expected that their condition will be made satisfactory. The maxim that disaster usually overtakes any business when too much extended applies equally to banking, and syndicate banking illustrates this rule. Where the same parties organize a series of banks it usually transpires that they are not seeking investment for their own capital, but seeking the capital of others to invest. Such banks afford unusual facilities for " kiting," and it is with this class that much trouble is experienced. The competition for bank accounts among banks in reserve cities is so intense that "promoters" find it easy to establish a bank, open an account with their reserve-agent bank in some city, and the president or cashier secures from such reserve-agent bank a loan upon his stock as collateral. By opening several such accounts the entire stock in some instances is used as collateral, and these "promoters v need but the 10 or 20 per cent margin required (in other words, $5,000 or $10,000) in order to start a bank. The opening of such accounts and making of such loans are coincident in point of time, or so nearly so that the creditor bank must know that they are furnishing capital with which to float the new enterprise. This results in organizing many banks where they are not needed, and are too frequently attended by loss to all parties connected with the enterprise. Another practice that is made possible only by the assent of creditor banks, is borrowing money on certificates of deposit. A country bank wants to borrow money, issues its certificate of deposit, either time or demand, in favor of the city correspondent, and sends the same forward, accompanied by bills receivable as collateral, andrequests the loan, which is granted. As a result, the country bank adds to its liabilities by increasing the amount due depositors, and adds to its assets by increasing the amount due from banks, and its published report of condition shows no bills payable. In other words, does not show the true condition of the bank. It is perfectly legitimate and proper for a bank to rediscount its receivables or borrow money, and all interior banks do at certain seasons of the year, when crops are being moved, for instance. Whatever the form of instrument used in borrowing money, 40 REPORT OF THE COMPTROLLER OF THE CURRENCY. it is a bill payable and should be so reported. Reserve banks can aid the cause of good banking by requiring notes instead of certificates of deposit. Happily this practice is rapidly diminishing. DIRECTORS AND OFFICERS. The statute provides that five or more persons may organize a national bank. When it is fully organized and all preliminary requirements have been complied with, the Comptroller issues his certificate* of authorization to commence the business of banking. The management of the bank is vested in a board of direction, who act through their executive officers, president and cashier. The common and statute law define their powers and prescribe the range and limits within which they may do business. Shareholders invest their money because of their faith in the efficiency of the manngement, their ability to acquire business, and successfully and profitably to manage it. Tt is a business venture on the part of the shareholders, with which the Government has no more to do and no more solicitude than it has with the purchase of a farm or stock in a manufacturing enterprise. The shareholders elect the board of direction, and through such board manage their banks. Hence for them to claim protection, through .Government control, would be to claim protection against their own acts. But these banks issue notes which circulate as money, and it being the duty of the Government to provide and regulate a circulating medium for the people, the Government examines and supervises these banks to see that all laws in respect to circulation are fully complied with. This is apparently all that was originally contemplated as to national banks. But these banks furnish the instrumentality of exchange—the means of collection and payment of debts. They become large depositaries of the people's money ($1,765,422,983.68 at date of last report), by means of which their business is largely transacted. They are so intimately connected with business transactions and their soundness so essential to business prosperity that governmental control has gone one step further and seeks to protect the public against loss—to protect a bank's creditors. To this end all shareholders in national banks are liable to an assessment for the purpose of paying creditors, to an amount equal to their stock holdings. Thus the entire capital stock, plus an assessment for an equal amount, becomes a guaranty of the faithfulness of the direction. The function of the Government is to restrain, to insure good banking, by enforcing the prohibitions against unsafe practices, which the law provides. The affirmative action of the banks in their competition for business is left to the enterprise of their managers, prompted by the desires of shareholders for dividends. Directors give direction and control to the business of a bank, accept or reject credits, and should understand its general condition. The detailed workings of the banks must be intrusted to the officers and employe's. We can have nothing better than men. Men make our laws and men enforce them. Men manage our banks. No matter how elaborate the system, how numerous the checks upon error or upon wrongdoing, or however perfect the machinery, the machinery must be set in motion and the system be enforced by men. There is in every system a point where good or ill results depend upon the character of the men in charge. If an engineer wants to ditch his train he can do so. If the president or cashier of a bank wants to rob it, he can. Well-devised systems may make it difficult. Efficient supervision may make it dangerous. The law may punish and risk thus be reduced to a minimum, REPORT OF THE COMPTROLLER OF THE CURRENCY. 41 but nothing can prevent a dishonest man in charge from mismanaging. Hence the chief and most important duty of directors is to select officers of character as well as experience and ability. They can best protect themselves and best serve the public by so doing. Our worst bank failures reveal criminal conduct on the part of the directors, or neglect of duty approximating criminality. Serious as this defect is7 its correction by legislation involves a counter danger. Legislation aimed at a few banks affects all. In our large cities it is very difficult to get the most desirable men to act as directors. Those most actively engaged in business are the best judges of credit, can least afford to give attention to the duties of the office, and would most readily decline to serve. Legislation increasing the financial responsibility of directors for losses to creditors would depreciate the character of boards of direction and render the task of getting good, responsible men more difficult. There is no reason why a director should not borrow money of his bank upon the same terms and conditions that other patrons are accommodated. There is every reason why he should not take advantage of his position to secure better rates or greater accommodations than his bank equities entitle him to. Officers of a bank should not be allowed to borrow money by overdrawing their accounts, by putting tickets in the cash, by discounting their own notes, or by discounting their business paper, or in any way except by application to the board of directors; and a law regulating such loans would be a wise enactment. EXCESSIVE LOANS. Section 5200 United States Eevised Statutes reads as follows: The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including, in the liabilities of a company or firm, the liabilities of the several members thereof shall at no time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed. As the volume of business has increased the magnitude of individual transactions has proportionately increased, in fact the concentration of capital under single management, by means of large corporations and by combinations, has been phenomenal. The natural economies attendant upon wholesale business, the lower rates of transportation and facilities of distribution, which location at metropolitan and railroad centers insures, is fast driving the small manufacturers out of business and concentrating business in metropolitan centers. All this increases the magnitude of separate transactions. Hence if 10 per cent of the capital stock was a proper limit to individual loans in 1864, the percentage of limitation should now be increased in our larger cities. There is another important reason for such an increase. In the u sixties ?? banks did business upon their capital, supplied the wants of their customers, and earned their dividends with the money which shareholders supplied. . Now, capital is made just sufficient to command public confidence. Usually a large surplus is accumulated, but the business is done upon depositors' money. Every symmetrical and wellmanaged business has its flush season, when its bank account should show a good balance and its want season, when it legitimately calls upon its bank for funds. Thus the balances of certain industries supply the wants of others and large bank capital is not required. Sur 42 REPORT OF THE COMPTROLLER OF THE CURRENCY. plus belongs to the shareholders, and, aside from statutory definition, is as much eajrital as the money originally paid in by shareholders. The section quoted should at least be amended so as to read, u onetenth of the capital and surplus." It should be noted that many banks, upon advice of counsel, insist that " surplus?? is " capital" within the meaning of said section. In addition to including surplus with capital, as noted above, an exception to the one-tenth limit should be made in favor of temporary loans, well secured with collateral, in our largest cities. In my judgment, the limit to 10 x>er cent of capital and surplus is none too small for rural and interior banks. The above section may be amended as to the large cities, so as to conform to the necessities of business and still be in strict accord with the requirements of conservative banking. When so amended, there would be no more wholesome provision of the banking law, for, while there are instances where banks with welldistributed assets have failed, caused by repeated crop failures or extreme monetary stringency, or some cause affecting the whole community, the common history of bank failures reveals as the superinducing cause the concentration of the bank's funds in a few hands or in a few interests. Experience has demonstrated that a strict compliance with the 10 per cent limit is impracticable in our large cities, for the reason that it is contrary to the necessities of business. A bank with a million capital could loan but $100,000 to any individual, company, corporation, or firm. Single business transactions involving a larger amount are of frequent occurrence, and to divide one transaction between two or more banks would prove troublesome and is not demanded by conservative banking. For instance, a draft may be made against one consignment of grain for $200,000, and the consignee needs to borrow $150,000 upon the bill of lading as security. The security can not be divided; neither can the loan, in a practical sense. Bank managers can not always gauge the business wants of the day, and frequently find, late in the day, that they have more money than their required reserve. Bather than carry it over night in their vaults they make over night loans as best they can. This necessarily results in loans in excess of the 10 per cent limit. A lower rate of interest is usually realized on such loans than obtains earlier in the day, and the loan is expected to be, and usually is, paid the next day. The penalty for the violation of this law—the commencement of an action by the Comptroller of the Currency, through the Attorney-General, to forfeit the bank's charter—is so severe as to render it nugatory. It was doubtless made severe to prevent vexatious interference with the affairs of the banks. It is difficult to fix a cast-iron rule, with inflexible penalties, without doing more harm than good. During the quasi panic of 1890 many perfectly solvent firms were embarrassed for want of money, and but for indulgences and aid upon the part of the banks must have failed. They already had their full complement of bank accommodation. The banks found upon investigation that they were solvent, and, taking security, gave them additional accommodations, thus protecting themselves, saving these concerns from failure, and relieving the public generally from loss and injury, which each successive failure at such a time entails. Like other business, banking has its emergencies, and when they arise discretion should be allowed to act without incurring criminal liability. Officers and directors are not apt to allow persons with whom they REPORT OF THE COMPTROLLER OF THE CURRENCY. 43 are not financially interested to abuse the bank. Where loans to directors or officers are well secured there is no way of reaching such a case, as the law now exists, and, so far as safety is concerned, perhaps no need. In such case, if the loans are not well secured and the examiner and Comptroller are not satisfied that they are good, the bank could be required to charge them off and make an assessment upon their shareholders to make good the impairment, if impairment existed, or appoint a receiver, in case the capital was thus wiped out. The latter course would involve a question of credit and values sometimes difficult to determine, and it frequently happens that the shareholders need protection rather than punishment. The circumstances attcnding loans made in excess of-the 10 per cent limit are so various and diverse that they defy classification. It is difficult to frame a general rule that will correct the evil resulting therefrom and not itself be productive of bad results. Our country is so large and the contrast between city and country—between the immense volume and varied transactions of the one and the lesser volume and more uniform transactions of the other— so great, that a uniform law that can wisely be applied to both must of necessity possess wide latitude. I think this whole difficulty, as well as others that arise, might be substantially reached if the Comptroller, with the approval of the Secretary of the Treasury, were given power, after a hearing, to remove bank officers and directors for violations of law, leaving the vacancy to be filled in the regular way. It is a power that would be seldom exercised. The existence of the power would deter many who now keep the letter, only to violate the spirit of the law. EXAMINERS. There are in the employ of this Bureau forty-two examiners. The position is responsible and honorable, and calls for the exercise of energy, tact, discretion, and firmness, as well as business experience and technical knowledge of banking. In order that he may discharge his duties with ease and confidence, familiarity with the mechanism of banking is indispensable. Oar best examiners are those in the prime of life, who work with energy and fidelity, hoping to demonstrate their ability and worth, thereby securing for themselves a desirable and permanent position in some good bank. This incentive and this ambition insures the best work. As a body they are competent, conscientious, painstaking, and fearless in. the discharge of their duties. They enjoy the full confidence of the Comptroller, and constitute his main reliance in all matters of discipline, and hence it is the purpose of this office to insist upon the highest standard of efficiency. A bank-examiner may own property and have interests that require the usual banking facilities, and be entitled to such accommodation as he would receive were he not an examiner. But unsecured, loans to an examiner, which, but for his position, would likely be refused, are wrong and destroy confidence in his work. No relation should exist that would tend to restrain an examiner's freedom in making criticisms or impair the force of his criticism when made. But criticism does not necessarily mean pointing out wrongdoing. It means the comment which an expert business man would naturally make upon the business under review. An examiner's work is not espionage. The national banks are the backbone of the financial system of the country, the conservators of public credit, officered by men of the highest integrity, who are striving to earn dividends for their shareholders by fostering 44 REPORT OF THE COMPTROLLER OF THE CURRENCY. and building up the business of their clients as well as their banks. The exceptions to such honorable conduct only prove the rule. Examiners should work with the banks, with a disposition to aid in every proper way. They should get the confidence of bank officers by demonstrating their entire fitness for the work intrusted to them. While this Bureau accepts any system of doing business which is accurate and proves; still examiners, with their facilities for observation, should note the best methods and be able to render valuable aid by suggesting improvements. While the subject of credits is to be delicately treated, the knowledge an examiner acquires will enable him to make valuable suggestions on this subject. The banks pay for the examiner's services and are entitled to his good offices. The best service an examiner can render a bank, as well as this Bureau, is by doing thorough and painstaking work. He should obtain possession of the bank's assets and retain the same until his work is completed. In the smaller banks the securities, loans, and discounts should be placed in front of the examiner when he commences on the cash. In the larger banks, where more than one day is required to complete the work, he should obtain and keep possession of the assets by means of keys or seals. He should know that no change is made in the assets, except in the regular course of business. Nothing should be done on the installment plan. Instead of objecting to this, the better the bank the more acceptable will it prove. It is a satisfaction to a bank to have a competent examiner in absolute possession of their assets until the same are proven and he is able to assure them that the items for which their books call are all there. An inventory is the foundation of all examinations. All the items of assets are aggregated under their appropriate' bookkeeping heads to prove the asset side of the bank. This is but half the work. Every item of liability should be inventoried and aggregated to prove the liability side. Every individual and every bank balance should be taken off and every liability account proved. An examination that does not include this is imperfect. Experience shows that defalcations are oftenest hidden in the liability side of the bank. Examiners are given detailed instructions, which, if fully complied with, would render their work very thorough and searching. The efficiency of the force is constantly improving, and it is alike for the interest of the banks and this Bureau to have it attain the highest standard of excellence. This office will be pleased to have the cooperation of and receive suggestions from bank officers upon this subject. REPORT OF THE COMPTROLLER OF THE CURRENCY. 45 COMPARATIVE STATEMENTS OF THE NATIONAL BANKS. The resources and liabilities of the national banks for fourteen years, at nearly corresponding dates, from 1879 to 1892, inclusive, are exhibited in the following table, and the same information with respect to preceding years will be found in the Appendix, page 129. Oct. 2, banks. Oct. 1, 1880. Oct. 1, 188.1. Oct. 3, 1882, Oct. 2, 1883. Sept. 30, Oct. 1, 1884. 1885. 2,090 banks. 2,132 banks. 2,269 banks. 2,501 banks. 2,664 banks. RESOURCES. Millions. Millions. Millions, ;878. 5 $1, 041. 0 $1,173. 8 Loans 357.3 363.3 Bonds for circulation 357.8 71.2 56.5 Other United States bonds. 43.6 39.7 Stocks, bonds, etc 61.9 48.9 167.3 230.8 Due from banks 213. 5 47.8 Real estate 47.3 48.0 42.2 114.3 Specie 109.3 69.2 53.2 56.6 Legal-tender notes ... 16.7 17.7 National-bank notes . 18.2 Clearing-house exchanges j 113. 0 189.2 121.1 United Stales certificates of deposit-. 26.8 6.7 7.7 Due from United States Treasurer.. 17. 0 17.5 17.1 Other resources 22.1 26.2 23.0 Total 2,714 banks. Millions, Millions. Millions. 51, 309. 2 $1, 245. 3 $1,306.1 327.4 351/4 307.7 30.4 30.7 31.8 71.4 71.1 77.5 194.2 208. 9 235.3 49.9 48.3 51.3 128.6 107.8 174.9 77.0 70.7 69.7 23.3 22.7 23.1 66.3 96.4 84.9 14.2 10.0 18.8 17.7 16.6 14.9 33.8 28.9 36.9 2, 372.7 2,279.5 2, 432. 9 463.8 483.1 509.7 128.1 132. 0 142.0 61.6 56.4 01.2 310. 5 320. 2 315. 0 , 083.1 1,134. 9 1,063.0 270.4, 294, 9 259. 9 14.9 11.9 13.7 524.3 147.0 63.2 289.8 993. 0 246.4 15.8 527.5 146.6 59.3 269.0 1,116. 7 299.7 14.1 2, 279.5 2, 432.9 1, 868. 8 2,105. 8 2,368.4 2, 399.8 LIABILITIES. Capital stock Surplus fund Undivided profits Circulation outstanding Due to depositors Due to banks Other liabilities Total 454.1 114. 8 40.3 313.8 736. 9 201. 2 6.7 457.6 120.5 46.1 317. 3 887. 9 267.9 8.5 j 1,868.8 2,105.8 2, 358.4 2, 399. 8 2, 372.7 Oct. 7, 1886. Oct. 5, 1887. Oct. 4, Sept. 30, 1889. Oct. 2, 1890. Sept. 25, Sept. 30, 1891. 1892. 2,852 banks. 3,049 banks. 3,120 banks. 3,290 banks. 3,540 banks. 3,677 banks. 3,773 banks. RESOURCES. Millions. Millions, Millions Millions.\ Millions Millio7is. Millions. Loans |$1, 451.0 $1, 587.5 $1, 628.1 $1, 817. 3 16.1 $2, 005.5 $2,171.0 Bonds for circulation 189.1 258.5 140. 0 177.6 146.5 150.0 163.3 Other United States bonds 34.7 ! 32.4 30.7 63.6 48.5 24.9 20.2 Stocks, bonds, etc 88.8 81.8 115. 5 96.3 109.3 125.2 154.5 Due from banks 256. 3 241.4 336.2 282. 5 335. 4 409.5 338.7 Real estate 58.0 54.1 76.8 61.1 87.9 69.4 83.3 Specie 165.1 1.56. 4 195.9 181.3 209.1 164. 3 183. 5 73.7 Legal-tender notes 80.6 62.8 82.0 97.6 104.3 86.8 21.9 18.5 !National-bank notes 21.3 19.6 22.7 20.9 20.0 88.8 106.8 Clearing-house exchanges 74.2 95. 5 136.8 105.5 122.0 6.2 6.2 12.3 United States certificates of deposit. 5.9 14.0 12.9 15.7 9.3 6.9 9.0 Due from United States Treasurer .. 14.0 8.2 7.4 8.0 40.8 41.3 42.1 Other resources 37.4 43.0 42.8 38.7 2,513.9 Total. 3,213.1 3, 510.1 588.4 612. 6 650.4 677.4 183.1 227.6 197.4 213. 6 70.3 84.9 103. 3 97.0 155. 4 131.3 128.5 123.0 , 350.7 1,522.0 1, 594. 2 1, 608. 6 358.1 425. 3 426.4 430. 6 25.4 27.6 34.3 36.9 238.9 101.6 143.4 1,779. 3 530.7 29.6 2, 620. 2 2, 731.4 2,998. 3 LIABILITIES. Capital stock Surplus fund Undivided profits Circulation Due to depositors p Due to banks Other liabilities . Total. * ! j | j 548.5 578.5 157. 3 173.9 66.5 71.5 228.8 167.3 1,189.5 1, 274. 7 308. 6 329. 6 14.9 24.7 2, 513.9 2, 620. 2 2,731.4 I 2,998.3 3,141. 5 3, 213.1 3, 510.1 46 REPORT OF THE COMPTROLLER OF THE CURRENCY. It is noticeable that the resources of the system were increased nearly $300,000,000 during the past year notwithstanding the fact that seventy banks went into voluntary liquidation or became insolvent, such increase being strongly in contrast with that of any previous year covered by the statement. Proportional increase is common to nearly all the items, the principal decrease occurring in clearing-house exchanges. The following table presents an abstract of the resources and liabilities of the national banks at the close of business on September 30, 1892, the condition of the banks in New York City, in the three central reserve cities, in other reserve cities, and of country banks shown separately :m Central reserve cities. New York City. 48 b a n k s . New York, Chicago, and St. Louis. Other reseive cities.* Country banks. Aggregate. 80 banks. 263 banks. 3,430 banks. 3,773 banks. RESOURCES. Loans and discounts $344,199,941 $480,990,338 $536, 738, 685 $1,,135,769,806 $2, 153,498,829 Overdrafts 15, 392, 679 37,542,259 313,077 453, 628 1,695,951 Bonds for circulation 132, 224, 800 163, 275, 300 6, 709, 000 8,459, 000 22, 591, 500 9,387,000 Bonds for deposits 15, 282, 000 1,650. 000 4,245,000 1,100,000 2,425,200 United States bonds on hand 893,050 4, 882,250 1. 564,000 859,800 87,123, 822 154,535,514 Stocks, securities, claims, etc 30, 224, 671 37,501,947 29,909, 696 163,509,922 236,434, 331 72,924,409 Due from reserve agents 49, 220, 681 140,516,353 Due froni other national banks 30 597, 527 50,143, 545 41,152,128 15, 284,483 Due from othei hanks and hankers.. 4,136, 249 9, 216, 283 8,071,969 32, 572,736 Banking house, furniture, and fixtures ..". 42,113,127 71,900, 287 11,404, 859 13,148, 606 16, 638, 553 Other real estate and mortgnges owned 11, 044, 282 15,961, 625 1,118, 665 1,781,988 3,135, 356 6, 869,465 Current expenses 10,317,125 885, 288 1,152, 313 2, 295, 347 Premiums 10, 337,182 14,029,616 650. 671 892, 480 2,799,954 3, 286, 310j Checks and cash items 10,940. 077 17,705,961 3, 291, 473 3, 479, 574 Exchanges for clearing house 3, 050,177 105, 522,712 61, 541. 924 70, 406, 235 32, 066,299 Bills of other national hanks 14, 045, 833 19, 557,474 1,112,890 2, 268,921 3, 242, 720 Fractional currency, nickels, and cents 198,469 637, 600 934, 648 52, 6231 98, 579 Specie 66, 575, 758 209,116,379 62,568,071 89,475,450 53, 065,171 Legal-tender notes 38, 525, 290 104,267,945 32,646, 245 40, 837,988 24,904, 667 United States certificates of deposit. 7,915,000! 9,405,000 4,195,000 395, 000 13,995,000 Five per cent redemption fund 5, 763, 535 7,139, 565 287. 585| 366, 335 1,009, 695 Due from United States Treasurer.. 332,261 465, 735 1,106,988 245; 292' 308, 992 Total | 601,860, 85l| 823,601,202 865,392,190 1,821,101,504 3,510, 094,897 LIABILITIES. Capital stock Surplus fund Undivided profits National-hank notes outstanding... State hank notes outstanding Dividends unpaid Individual deposits United States deposits Deposits of United States disbursing officers Dne to national banks Due to other banks and bankers ... Notes and bills rediscounted Bills payable Total. 49,650,000 83,250,000 162, 092, 760 40, 547, 592 52, 270,493 56,922,318 16, 618, 639 21,138, 935 19, 972, 780 5, 761, 500 6, 962, 555 19,806, 090 6,641 24, 328 24, 328 1, 494, 519 522,979 244,073 276,804,088 374,412,735 426,743,677 2, 664, 696 1,199, 602 682,732 261, 563 241, 542 1, 288,572 149,900, 326 191, 895, 888 112, 566,785 61, 386, 031 91,378,474 58,912, 835 1,537,602 283,650 1,382,915 441,230, 255 686, 573,015 238, 871,425 129, 678, 614 103, 632, 501 62, 520, 786 143.423,298 116, 654, 653 75,076 44,108 1, 871, 368 964,266,571 1, 765,422,984 5, 963, 846 9, 828,144 2,494, 598 47. 583, 512 28,315,709 15, 311,235 5,166,249 4,044, 734 352, 046,184 178, 607,018 17,132, 488 6,549,164 601, 860,851 823,601, 202 865, 392,190 1, 821,101, 504 3, 510, 094, 897 * Other reserve cities are Boston, Philadelphia, Baltimore, Albany, Brooklyn, Pittsburg, Washington, New Orleans, Louisville, Cincinnati, Cleveland, Detroit, Milwaukee, Des Moines, Minneapolis, St. Paul, Kansas City, St. Joseph, Omaha, and San Francisco. 47 REPORT OF THE COMPTROLLER OF THE CURRENCY. The following statement has been presented for several years, intended to show in a condensed form the principal changes in items of resources and liabilities of the national banks, comparison being made between the conditions existing January 1,1866, and at the date of the last call for reports from national banks preceding the compilation of the Comptroller's annual report: HIGHEST AND LOWEST POINTS REACHED IN THE PRINCIPAL ITEMS OF RESOURCES AND LIABILITIES SINCE THE ESTABLISHMENT OF THE SYSTEM. J a n u a r y 1, 1866. Capital Capital, surplus and undivided profits Circulation Total investments in TJnited States bonds . . Individual deposits Loans and discounts Cash: National-bank notes Legal-tender notes.. Specie September 30,1892. Highest point reached. Lowest point reached. Amount. Amount. Date. Date. $403,357, 346 $686,573, 015 $686, 573, 015 Sept.30,1892 $403, 357, 346 Jan. 1,1866 L, 027, 097,194 . . . . d o 475, 330,204 475, 330, 2041, , 027, 097,1941, Do. 213, 239, 530 143,423, 298 341, 320, 256 Dec. 26,1873 122,928, 084 Oct. 2,1890 440, 380, 350 183,439, 550 712, 437, 900 Apr. 4,1879 170,653, 050 Do. Sept.30,1892 501, 407, 586 Oct. 8,1870 520, 212, 1741 1, 765,422, 983 1, 765,422, 983 do 500, 650,109 Jan. 1,1866 500, 650, 109 2,153,498,829|2,153, 498, 829 20,406, 442 187, 846, 548 16, 909, 363 19,557,474 104, 267,945 209,116, 379 28, 809, 699Dec. 31,1883 205, 793, 579Oct. 1,1886 209,116, 379Sept.30,1892 11, 841,104 Oct. 7,1867 52,156,439 Mar. 11,1881 8,050, 330 Oct. 1,1875 The capital, surplus, undivided profits, and deposits amounted to $995,542,378 on January 1, 1866, and on September 30, 1892, were $2,792,520,177. The loans and discounts have more than quadrupled, the number of active banks having increased from 1,582 to 3,773. The holdings of bonds have decreased from $712,437,900, the maximum, to $183,439,550, the latter amount representing an increase of $8,532,000 over the preceding year, resulting from accessions of new banks. The specie held by the banks reached the highest point September 30,1892, and amounted to $209,116,379. The following statement shows by comparison the percentages of loans and discounts, United States bonds, and specie to the aggregate fund of the banks, composed of capital, surplus, undivided profits, circulation, and deposits. The percentage of circulation to capital, surplus, and undivided profits has decreased from about 45 per cent in 1866 to 14 per cent in 1892. 1866, Loans and discounts United States bonds Specie Total 1887. 1888. 1889. 1890. 1891. 1892. Per cent. Per cent. Per cent. Per cent. Per cent. Per cent. Per cent. 41.32 70. 52 71.04 72. 26 74.37 72.92 73.35 36.36 9.98 9.87 7.80 6.44 6.41 6.25 1.57 7.37 11.90 6.58 7.40 6.73 7.12 79.25 87.87 92.81 86.64 88.21 80.06 86.72 48 REPORT OF THE COMPTROLLER OF THE CURRENCY. EXTENSION OF THE CORPORATE EXISTENCE OF NATIONAL BANKS. Under the provisions of the act of July 12, 1882, eighty-seven associations applied for and obtained an extension of their corporate existence during the past year. The following table shows the number and capital of all extended banks and their geographical location: States and Territories. No. of banks. 6 2 2 5 73 11 5 8 79 45 46 1 9 22 5 54 29 204 28 17 16 Alabama Arkansas California Colorado Connecticut Delaware District of Columbia Georgia Illinois Indiana Iowa Idaho Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Capital. States and Territories. $885, 000 350, 000 2, 000, 000 960, 000 22, 450, 820 1, 503,185 1, 277, 000 1, 750, 000 9, 693, 000 5, 579, 000 4,120,000 100, 000 825, 000 6, 411, 500 2, 300, 000 9, 630, 000 12, 069, 000 87, 262, 500 2, 390, 000 5, 265, 000 3, 775, 000 Montana Nebraska New Hampshire New Jersey New York North Carolina.. South Carolina.. Ohio Oregon Pennsylvania . . . Rhode Island Tennessee Texas Utah Vermont Virginia West Virginia . . Wisconsin $500, 000 1, 400, 000 4, 905, 000 10, 783, 350 72, 772, 460 850, 000 1, 460, 000 17,169, 000 250, 000 45, 954, 390 19, 959, 800 2, 260, 000 675, 000 500, 000 5, 856, 000 2,391,000 1, 491, 000 1, 985, 000 Total 370, 308, 005 The following table shows how many associations will reach the expiration of their corporate existence during a period of. ten years, from 1893 to 1902, inclusive, their capital and circulation: Year. Number of banks. 1893 1894 1895 1896 1897 1898 38 57 76 22 25 24 Circulation. Capital. $4,701, 000 6,768, 000 11,259, 000 2,123,800 3, 534,000 2,479,000 Year. $1,982, 925 2, 585, 470 4, 431, 610 975, 400 1,198,295 1,153, 350 1899 1900 190] 1902 Total Number of banks. Capital. Circulation. 34 47 104 206 $4, 595, 000 7, 307,100 13,503,350 37,187, 300 $2,106,450 2, 040, 830 3, 485,000 7, 292,110 633 107,408,300 30, 822,415 The number, capital, and circulation of the national banks of which the corporate existence expired between October 31, 1891, and October 31,1892, are shown in the following table, and the number of extended banks is also stated. The corporate existence of eleven associations expired by limitation. Date. No. of banks expired. Capital. Circulation. No. of banks jxtended. Capital. Circulation. 1891. November. December. - $603,900 410,000 $240,070 100,250 1,152,000 .400,000 1,670, 600 2,155, 000 1,585, 003 1, 010, 000 1,160, 000 710,000 1, 427, 000 1,251, 500 562,450 189, 000 591, 575 273, 825 245, 250 311,850 343, 780 205,560 288, 000 180, 000 $500,000 260,000 $148,000 67,500 1892. January... February.. March April May June July August September . October Total. 98 13,535,000 3, 531, 610 87 1,152,000 400,000 1,435,000 2,085,000 1,585, 000 1,010, 000 930,000 710, 000 1,227, 000 1,151, 500 562,450 189,000 543,625 258, 775 245. -""0 311,boO 244,350 205, 560 243,000 157,500 12,445, 500 3,176, 860 REPORT OF THE COMPTROLLER OF THE CURRENCY. 49 The corporate existence of thirty-eight national banks, with an aggregate capital of $4,651,000, bonds $1,645,250, and circulation, $1,480,725, will expire during the year 1893, as shown in the following table: NATIONAL BANKS OF WHICH THE CORPORATE EXISTENCE WILL EXPIRE DURING THE YEAR 1893, WITH THE DATE OF EXPIRATION, THE AMOUNT OF CAPITAL STOCK OF EACH BANK, THE UNITED STATES BONDS ON DEPOSIT WITH THE TREASURER, AND THE AMOUNT OF CIRCULATION ISSUED THEREON. Expira- Title and location of bank. 2075 2109 2093 2081 2103 2095 2086 2087 2099 2091 2088 2089 2098 2102 2100 2104 2112 2097 2111 2108 2106 2113 2110 2125 2117 2116 2114 2120 2119 2118 2122 2124 2127 2126 2128 2129 2130 2132 City National Bank, Griffin, Ga National Bank of Barre, Yt City National Bank, Paducah, Ky Lumberman's National Bank, Muskegon, Mich Central National Bank, Boston, Mass.'. First National Bank, Centerville, Mich. Hibernia National Bank, New Orleans, La Winnsboro National Bank, Winnsboro, S. C First National Bank, Denison, Tex Phoenix National Bank, Medina, Ohio Union National Bank, Rochester, Minn Veazie National Bank, Bangor, Me Lagonda National Bank, Springfield, Ohio Noble Co. National Bank, Caldwell, Ohio Edgar Co. National Bank, Paris, 111 First National Bank, Santa Barbara, Cal First Ward National Bank, Boston, Mass Lime Rock National Bank, Rockland, Me Manufacturers' National Bank, Boston, Mass Union Market National Bank, Watertown, Mass... First National Bank, Missoula, Mont First National Bank, Ashburnham. Mass Wyoming National Bank, Laramie, Wyo First National Bank, Chippewa Falls, Wis Home National Bank, Ellenville, JNr. Y Griggsyille National Bank, Griggsville, 111 First IS ational Bank, Fayetteville, Tenn First National Bank, Chelsea, Vt , First National Bank of Marshall County, Plymouth, Ind. First National Bank, Austin, Tex Farmers' National Bank, Owatonna, Minn Decatur National Bank, Deeatur, 111 State National Bank, Memphis, Tenn First National Bank, Lincoln, 111 First National Bank, Shelby ville, 111 First National Bank, Central City, Colo First National Bank, Red Oak, Iowa Kellogg National Bank, Green Bay, Wis tion of corporate existence. 1893. Jan. 2 Jan. 11 Jan. 14 Jan. 16 Jan. 21 Jan. 22 Jan. 29 Jan. 31 Jan. 31 Feb. 10 Feb. 12 Feb. 18 Mar. 15 Mar. Mar, Mar. Mar. Mar. Apr. Apr. Apr. Apr. Apr. 30 May 1 May 6 June 2 June 9 June 10 June 19 June June July July July Sept. Sept. Sept. Dec. 25 30 16 26 29 1 15 24 23 Capital stock. $56, 000 100,000 200, 000 100, 000 500, 000 50, 000 300,000 75, 000 150, 000 75, 000 50,000 100,000 100,000 60,000 100, 000 100, 000 200, 000 105, 000 500,000 100, 000 150, 000 50, 000 ioo,ooo 100,000 100, 000 50, 000 60,000 50, 000 50,000 160, 000 75,000 100,000 250, 000 100,000 75, 000 50,000 50,000 60,000 United States bonds. Circulation. $14, 000 60, 000 200,000 25, 000 50, 000 12, 500 150,000 19,000 50, 000 19,000 12, 500 25, 000 93, 000 60,000 25,000 25,000 50, 000 40, 000 190, 000 25,000 37, 500 50, 000 25,000 25,000 25, 000 12, 500 15,000 12, 500 12, 500 $12, 600 5,400 180, 000 22, 500 45, 000 11,250 125,000 17,100 45, 000 17,100 11, 250 22, 500 83,700 54,000 22, 500 22,500 45, 000 36, 000 171, 000 22, 500 33,750 45, 000 22, 500 22,500 22,500 11,250 13,500 11,250 11,250 50, 000 19, 000 25, 000 50,000 75, 000 18,750 12,500 20,000 15,000 45,000 17,100 22, 500 45, 000 67, 500 16, 875 11, 250 18, 000 13,500 4, 651,000 1, 645, 250 1,480,725 CIRCULATING NOTES. The actual circulation outstanding on September 30, 1892,. for which the banks were responsible was $147,191,593, this amount being exclusive of $25,595,167 also in circulation but represented by lawful money deposited by the banks for redemption of notes whenever presented to the Treasurer of the United States. The minimum deposit of bonds required of the 3,773 national banks in operation September 30, 1892, was $107,064,207, upon which only $96,357,787 of nationa -bank circulation could be issued. These banks held on September 30, ^163,275,300 of bonds, and were actually responsible for $50,589,983 of circulation more than the minimum. It is not imperative upon banks to take circulation, and a few do not avail themselves .of the privilege. Of the 3,773 banks 2,737 have a capital not exceeding $150,000 nor less than $50,000, which is the lowest amount any bank in the system have, the aggregate capital amounting to $221,057,830. The reDigitized formay FRASER 9647 4 50 REPORT OF THE COMPTROLLER OF THE CURRENCY. maining 1,036 have a. capital of over $150,000 each, the aggregate amounting to $465,515,185. If an amount of bonds equal to the total capital were deposited to secure circulation the whole body of banks might havfc a circulation amounting to $617,915,714, or $521,557,927 more than the present minimum. A table in the Appendix, page 148, shows by States and geographical divisions this information in detail. In preceding reports a table was presented showing what advantage was taken by newly organized banks of the provisions of section 8 of the act of July 12, 1882, fixing a minimum requirement with respect to the amount of bonds to be deposited. The percentage of excess is now so small that a perpetuation of the table does not seem necessary. During the year ended June 30, 1892, 177 banks were organized and commenced business; 106 having a capital of $50,000 each, aggregating $5,300,000; 55 with a capital of over $50,000 and not exceeding $150,000, aggregating $5,430,000; and 16 with an aggregate capital of $5,150,000. Only 4 of the 161 banks with a capital of $150,000 or under deposited bonds in excess of the requirement. The 16 banks with a capital of over $150,000 each, deposited the exact amount of bonds required. The following table shows by comparison for nine years the amounts of lawful money deposited and the consequent decrease or increase of circulation: DECREASE OR INCREASE OF NATIONAL-BANK CIRCULATION DURING EACH OF THE YEARS ENDED OCTOBER 31, FROM 1884 TO 1892, INCLUSIVE, AND THE AMOUNT OF LAWFUL MONEY ON DEPOSIT AT THE END OF EACH YEAR. National-bank notes outstanding October 31, 1883, including notes of national gold banks $352,013, 787 Less lawful money on deposit at same date, including deposits of national gold banks 35, 993,461 National-fcank notes outstanding October 31, 1884, including notes of national gold banks 333, 559,813 Less lawful money on deposit at same date, including deposits of national gold banks ^ 41,710,163 Net decrease of circulation $316, 020, 326 291,849,650 24,170,676 Net outstanding as above, October 31, 1884 '. 291, 849, 650 National-bank notes outstanding October 31,1885, including notes of national gold banks 315, 847,168 Less lawful money on deposit at same date, including deposits of national gold banks 39,542,979 276,304,189 Net decrease of circulation 15,545,461 Net outstanding as above, October 31, 1885 276,304,189 National-bank notes outstanding October 31, 1886, including notes of national gold banks 301, 529, 889 Less lawful money on deposit at same date, including deposits of national gold banks 81,819,233 219,710,656 Net decrease of circulation 56, 593, 533 Net outstanding as above, October 31, 1886 219,710, 656 National-bank notes outstanding October 31, 1887, including notes of national gold banks 272,041,203 Less lawful money on deposit at same date, including deposits of national gold banks 102,826,136 169,215,067 Net decrease of circulation 50,495, 589 REPORT OF THE COMPTROLLER OF THE CURRENCY. 51 Net outstanding as ahove, October 31, 1887 $169, 215,067 National-bank notes outstanding October 31,1888, including notes of national gold banks $239, 385, 237 Less lawful money on deposit at same date, including deposits of national gold banks 87,018,909 152,366,328 Net decrease of circulation 16,848, 739 Net outstanding as above, October 31,1888 152, 366, 328 National-bank notes outstanding October 31, 1889, including notes of national gold banks 202, 023, 415 Less lawful money on deposit at same date, including deposits of national gold banks 71, 816,130 130,207,285 Net decrease of circulation 22,159,043 Net outstanding as above, October 31, 1889 130, 207,285 National-bank notes outstanding October 31,1890, including notes of national gold banks 179, 755, 643 Less lawful money on deposit at same date, including deposits of national gold banks 54, 796,907 124,958,736 Net decrease of circulation 5,248,549 Net outstanding as above, October 31, 1890 124, 958, 736 National-bank notes outstanding October 31, 1891, including notes of national gold banks 172,184,558 Less lawful money on deposit at same date, including deposits of national gold banks 35,430,721 136,753,837 Net increase of circulation 11,795,101 Net outstanding as above October 31, 1891 136,753,837 National-bank notes outstanding October 31, 1892, including notes of national gold banks 172, 432,146 Less lawful money on deposit at same date, including deposits of national gold banks 25,191, 083 147,241,063 Net increase of circulation 10,487,226 The gross increase of circulation, including the notes of gold banks and those of failed and liquidating associations, was $247,588. BANKS WITHOUT CIRCULATION. A few national banks have never issued circulating notes. Some others have deposited lawful money and surrendered their circulation. A list of these banks with capital and bonds is as follows: Title of bank. Chemical National Bank, New York, N. T . . . . Mechanics' National Bank, New STork, N. Y .. Merchants' National Bank, New York, N. Y.. National City Bank, New York, N. Y National Park Bank, New York, N. Y National Bank of Washington, D. C Chestertown National Bank, Chestertown, Md Mrst National Bank, Butte, Mont First National Bank, Houston, Tex Citizens' National Bank, Englewood, N. J National Bank of Cockeysville, Md Capital. $300,000 2, 000, 000 2, 000, 000 1, 000,000 2, 000, 000 200, 000 60,000 100, 000 100,000 50, 000 50, 000 Bonds. $50,000 50,000 50,000 50,000 50,000 50,000 12, 500 25, 000 25, 000 12, 500 12,500 52 REPORT OF THE COMPTROLLER OF THE CURRENCY. SECURITY FOR CIRCULATING NOTES. The security for circulating notes of national banks is limited to United States registered bonds bearing interest, and the following table shows the amount of such bonds held by the Treasurer of the United States as security on June 30 of each year from 1865 to 1892, inclusive, and the amount owned and held by the banks for other purposes, including those deposited with the Treasurer to secure public deposits : United States bonds held as security for circulation. Tears 6 per cent bonds. 5 per cent oonds. 4£ per cent bonds. $170,382, 500' $65,576, 600 241,083, 500 86,226, 850 251,430, 400 89,177,100 250, 726, 950 90, 768, 950 255,190, 350 87,661, 250 247, 335, 350 94,923, 200 220, 497, 750 139, 387, 800 173,251,450 207,189, 250 160,923, 500 229, 487, 050 154, 370, 700 236, 800, 500 136, 955,100 239,359, 400 109, 313,450 232,081,300 87, 690,300 206, 651,050 $44, 372, 250 82,421, 200 199,514, 550 4-S, 4-1.X. G50 56, 042, 800 144,616, 300 35,056, 550 58, 056,150 139, 758, 650 37, 760, 950 61,901,800 172,348, 350 32,600, 500 C o n t i n u e d a t Continued a t dh p e r c e n t . 3£ p e r cent. 25,142, 600 202,487,650 32, 752, 650 1882.. 7,402,800) 3 p e r c e n t s : > 39,408, 500 385,7OoJ 1883.. 200, 877,850) 172,412, 550 46, 546,400 1884 Pacifies: 142,240, 850 3, 520, 000 48, 483,050 1885.. 107, 782,100 3, 565, 000 50, 484, 200 1886 . . 5, 205,950 3,175,000 67, 743,100 1887 . . 37,500 3,181, 000 69, 670, 300 1888.. 4,324, 000 42,409, 900 1889.. 4, 913, 000 39, 486, 750 1890 . . 7, 957,000 22, 565, 950 1891.. Continued at 2 p e r cent. 21, 825,350 11, 600,000 1892.. 1865.. 1866.. 1867.. 1868 . . 1869 . . 1870.. 1871.. 1872.. 1873.. 1874.. 1875.. 1876.. 1877 . . 1878.. 1879.. 1880.. 1881.. 4 per cent bond 8. $19.162, 000 118, 538, 950 126, 076,300 93,637,700 Total. United States bonds held for other purposes at nearest date. Grand total. $235,959,100 $155, 785, 750 $391, 744, 850 327, 310, 350 121,152, 950 448,463,1500 340,607, 500 84, 002, 650 424,610,150 341, 495, 900 80, 922,500 422,418, 400 342,851,600 55,102,000 397, 953, GOO 342, 278, 550 43, 980, 600 386, 259.150 359,885, 550 39,450, 800 399, 336, 350 380,440, 700 31,868,200 412,308,900 390, 410, 550 25, 724,400 416,134,150 391,171, 200 25,347,100 416, 518, 300 376, 314, 500 26, 900, 200 403, 214, 700 341, 394, 750 45,170, 300 386. 565, 050 338, 713, 600 47,315, 050 386,028, 650 349, 546,400 68,850,900 418, 397, 300 354,254, 600 76,603, 520 430,858.120 361,652, 050 42,831, 300 404,483, 350 360,488,400 63, 849, 950 424,338, 350 97,429, 800 357,812, 700 43,122, 550 400, 935, 250 104,954, 650 353,029,500 34,094,150 387,123, 650 111, 690,900 330, 649, 850 31, 203, 000 161, 852, 850 117,901, 300 114,143,500 115, 842, 650 105,423,850 101, 387, 550 100,828,550 111, 985, 950 312,145, 200 275, 974, 800 191, 966, 700 178, 312, 650 148,121,450 145,228, 300 142,508, 900 32,195,800 31, 345, 550 33,147, 750 63,618,150 51, 642,100 35, 287,350 30,114,150 344,341, 000 307,320, 350 224,814, 450 241,930, 800 199,763, 550 180,515, 650 172, 623,050 129,764,700 163,190,050 20,301,600 183,491,650 REPORT OF THE COMPTROLLER OF THE CURRENCY. 53 The folio wing table gives similar information for the years ended October 31, from 1882 to 1892, inclusive. An examination of this and the foregoing table will disclose the changes which have occurred in the holdings of the several classes of bonds by the banks: United States bonds held as security for circulation. Year. Number of banks. 4 | per cent 4 per cent cei bonds. bonds. 2, 301 $33,754,650 $104,927,500 1883 1884 1885 1886 1887 1888 1889 1890 2,522 41, 319,700 106,164,850 ^ 1891 3,694 I at 2 p. ct. >120, 858, 850 1892 49, 537,450 49,547,250 57,436, 850 69, 696,100 66,121, 750 41, 066,150 28,110, 700 [ 199,400 Pacific 6 per cent bonds. Total. Grand total. ;$40,621, 950;$3,526,000 $362, 505,650 $37,563,750 $400,069,400 '179, 675, 550 *602,000? 674,050 383,551,350 352,877,300 •201, 327, 7005 3,463, 419, 600 355, 735, 900 116,705,450 155, 604,400 3,469, 325, 316,300 780,100 340,144,050 116, 391, 650 138,920, 650 3,505, 308, 364,550 431,400 277,875,450 115, 383,150 69, 038, 050 3, 586, 245,444,050 671, 350 223,499, 350 115,731,400 188,828,000 14.4,500 3, 256, 3, 468, 100,413, 600 170, 003, 350 715,050 230,718,400 4,553, 501,200 194,169,350 100, 049, 000 145, 668,150 6,672, 684,000 170,874,900 105,402, 200 140,190,900 1882. 2, 67l| 2, 727 j 2, 868 3,061 3,151 3, 310 3,567 cent United States bonds held for other purposes at neaiest date. I Continued 21,648,100 3,788 21,897,850 131,133,150 10,244,000 152,950,350 24,871,950 177,822,500 11,852,000 164,883, 000 20,164,250 185,047,250 * Three and one-half per cent. A table will be found in the Appendix, page 130, showing on the first day of each month, from January 1, 1871, to November 1,1892, the amount of authorized capital stock of the national banks, the amount of bonds on deposit to secure circulation, the amount of circulation secured by the bonds, the amount of lawful money deposited to redeem outstanding circulation, and the total amount outstanding, including notes of gold banks. 54 EEPORT OF THE COMPTROLLER OF THE CURRENCY. INTEREST-BEARING FUNDED DEBT OF THE UNITED STATES. The public debt reached the maximum August 31, 1865, and amounted to $2,844,649,626. The noninterest-bearing obligations amounted to $461,616,311, the interest-bearing debt being $2,383,033,3^ 5. On October 31,1892, the interest-bearing debt amounted to $649,655,532. The classes of bonds available as security for the circulating notes of national banks are shown in the following table, dates of authorizing acts, maturity of bonds, and rates of interest also being given: BONDED DEBT AT DATES NAMED. Date. 6 per cent. 5 per cent. 4£ per cent.*] 4 per cent.t 6 per cent 4 Total. $199,792,100 $908, 518,091 $1,258, 000 $1,109, 568,191 198, 528, 435 1,008,388,469 6, 042, 000 1,212,958,904 198,533,435 1,421,110,719 14, 762, 000 1, 634, 406,154 221,588,400 1,841,521, 800 29, 089, 000 2,092,199, 200 221, 589,300 1,886,341,300 58, 638, 320 2,166,568, 920 221,589, 300 1,764,932,300 64, 457, 320 2,050, 978,920 274,236, 450 1,613,897,300 64, 618,832 1,952,752,582 414,567, 300 1,374, 883, 800 64,623, 512 1, 845, 074, 612 414,567, 300 1,281, 238, 650 64,623, 512 1,760,429,462 510, 628, 050 1,213,624, 700 64, 623,512 1, 788, 876, 262 607,132, 750 1,100, 865,550 64, 623, 512 1, 772, 621,812 711,685, 800 984,999, 650 64, 623,512 1,761,308,962 703,266, 650 $140, 000, 000 64,623, 512 1,761,512,012 854,621,850 703,266, 650 240, 000, 000 $98, 850,000 64,623,512 1,846, 359,162 738,619, 000 646,905,500 250,000, 000 679,878,110 64, 623,512 1,952, 339, 622 310,932,500 484,864, 900 250,000,000 739,347, 800 64,623, 512 1,774,616, 612 235, 780,400 439,841, 350 250,000,000 739,347, 800 64, 623,512 1, 680,191,262 196,378,600 Continued at Continued at 3£ per cent. 3i per cent. 401, 593,900 250, 000, 000 739,349,350 64,623,512 1,514,433,912 June 30, 1882... 58,957,150 32,082,600 Funded into 3 per cents., 250, 000,000 737,942,200 64,623,512 1,388,852,602 June 30,1883. act Julv 12, 1882. 304,204, 350 224,612,150 250,000,000 737, 661, 700 64,623,512 1,276,987,362 June 30, 1884. 194,190, 500 250, 000, 000 737,719,850 64, 623,512 1, 246, 533, 862 June 30, 1885. 144,046, 600 250,000, 000 737,759,700 64,623,512 1,196,429, 812 June 30, 1886. 19, 716,500 250,000, 000 737,800,600 64, 623, 512 1, 072,140, 612 June 30, 1887. 222, 207,050 714,177,400 64, 623,512 1,001, 007,962 June 30, 1888.. 139,639,000 676, 095, 350 64, 623,512 880,357,862 June 30, 1889.. 109, 015, 750 602,193, 500 64, 623, 512 775,832, 762 June 30, 1890.. 50, 869,200 559, 566,000 64, 623,512 675,058, 712 June 30, 1891. Continued at 2 per cent. 25,364, 500 559, 581,250 64, 623, 512 649,569,262 June 30,1892. 25,364,500 559, 589, 200 64,623,512 649,577,212 Oct. 31, 1892. Aug. 31,1865. June 30,1866. June 30, 1867. June 30, 1868. June 30, 1869. June 30, 1870. June 30, 1871. June 30, 1872. June 30, 1873. June 30, 1874. June 30, 1875. June 30, 1876. June 30, 1877. June 30, 1878. June 30, 1879. June 30, 1880. June 30,1881. * Funded loan 1891; authorizing act July 14, 1870, and January 20, 1871; date of maturity, 1891. t Funded loan 1907; authorizing act July 14, 1870, and January 20,1871; date of maturity, 1907. to the the table. REPORT OF THE COMPTROLLER OF THE CURRENCY. 55 MARKET PRICES OF UNITED STATES BONDS. The following statement prepared by the Actuary of the Treasury exhibits the market prices of United States bonds during the year covered by this report. The 2 per cents have steadily remained at par, with slight fractional increase during the month of October. The fluctuations in 4 per cents were not marked, the price with few exceptions having gradually declined about 2 per cent. OPENING, HIGHEST, AND LOWEST PRICES OF UNITED STATES REGISTERED 2 PER CENT AND 4 PER CENT BONDS, IN NEW YORK, FOR EACH WEEK FROM NOVEMBER 6, 1891, TO OCTOBER 28, 1892. 2 per cent. 4 per cent. Week ended— Opening. November 6,1891 .. November 13,1891 . November 20,1893 . November 27,1891 . December 4,1891... December 11,1891.. December 18,1891.. December 25,1891.. January 1,1892 January 8,1892 January 15,1892 January 22,1892 January 29,1892 February 5,1892 . . . February 12,1892 .. February 19,1892 .. February 26,1892 .. March 4,1892 March 11,1892 March 18,1892 March 25,1892 April 1,1892 April 8,1892 April 15,1892 April 22,1892 April 29,1892 May 6,1892 May 13,1892 May 20,1892 May 27,1892 June 3,1892 June 10,1892 June 17, 3892 June 24,1892 July 1,1892 J u l y 8,1892 July 15,1892 July 22,1892 July 29,1892 August 5,1892 August 12,1892 August 19,1892 August 26,1892 September 2,1892.. September 9,1892 .. September 16,1892 . September 23,189 2. September 30,1892 . October 7,1892 October 14,1892.... October 21,1892 October 28,1892 100 100 100 100 100* 100 100ft 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Highest. 101 101* 100 100* 100* 100 lOOf 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 1004 1004 100* 100* Lowest. 99* 100 100| 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 300 100 100 iooi 100* 100* Opening. Highest. Lowest. 116 -117 116 -117 116 -117 116!-117! 116J-117 1161-1174 1164-117 116*117! * 116 -116 116*117 116*-117§ 116*-116§ 1164-117 116 -116| 116 -116| 116 -116| 115!116* 116 -116! 116 -116! 116 -116; 116 -116 116 -116| 116 -116| 116 -116] 1151-116! 117 *i 116J-117 116 -116f 116^-116! 116 -116! 115*-116* 115*-116* 1151-1161 114!-115* 114 -115* 114 -115* 113*-115 113*-115 114§-H5f 114§-115* 114|115! 116^-117 116"-116| 1164-116! 11511164 116^-116 116 -116 f 114J-11 114 -115§ 114 -115| 113*-115 114§-115f ! | 1141-115! 56 REPOKT OF THE COMPTROLLER OF THE CURRENCY. INVESTMENT VALUE OF UNITED STATES BONDS. The investment value of United States bonds increases as the relative market price declines, and the following statement, also prepared by the actuary of the Treasury, exhibits the fluctuations in price and investment value of the 4 per cents from 1885 to 1892 inclusive. A comparison will show the exact increase or decrease in investment value for each quarterly period. The Government was not a purchaser of bonds during the year, but of $4,601,500 of 4J per cents, which were outstanding on November 1,1891, and on which interest had ceased at date of maturity, all but $983,800 were presented for redemption. All of this class of bonds which were held by the national banks as security for their circulation have been withdrawn. The total withdrawals from the three classes of bonds available as security for circulation during the year were $4,387,600. Of this amount $807,950 was deposited in substitution. Table on page 52 shows the net increase of bonds deposited during the year. 4£ per cent bonds. Date. 1885: January . April .... July October.. 1886: January . April July October .. 1887: January . April.... July..... October.. 1888: January . April .... July October.. 1889: January . April.... July .... October.. 1890: January . April July October.. 1891: January . April.... July October.. 1892: January. April... July October.. 4 per cent bonds. Rate of inEate of inAverage terest real- Average terest realized by price flat. ized by price flat. investors. investors. 112.7788 112.4350 112, 7525 112.9421 Per cent. 2.655 2.488 2.365 2.250 Per cent. 121.9086 121. 8028 122. 6462 123.4004 er cent. 2.726 2.721 2.668 2.619 112.7000 112.4759 111. 8156 111. 9855 2.208 2.150 2.149 2.003 123. 4325 126. 2980 126. 4975 128.6659 2.607 2.444 2.420 2.289 110.2775 110.1947 109.1475 108.5553 2.290 2.019 2.340 2.339 127.8325 129.2451 127.8425 125. 7885 2.320 2.227 2.284 2.390 108.2375 107.1025 107. 5175 108.4213 2,289 2.478 2.195 1.693 126.1275 124.6400 127.4825 128.1204 2.341 2.449 2.230 2.178 108.9255 108.1848 107.0048 105.8241 1.254 1.240 1.421 1.645 127.2837 129.1902 128.3894 127.1944 2,208 2.080 2.109 2.160 104.7885 103. 7500 103.3825 104.1296 1. 856 2.151 1.966 0.409 125.6178 122.1175 122. 3200 123.5602 2.236 2.435 2.407 2.309 103.1106 101.7596 100.3846 0.424 1.363 5.971 120.9279 122. 0264 117. 3317 116.7546 2.463 2.372 2.676 2.701 .2 per cents at par. 116. 6719 116.1575 116.4557 115.0978 2.693 2.715 2.677 2.766 Per cent. REPORT OF THE COMPTROLLER OF THE CURRENCY. 57 ISSUES AND REDEMPTIONS. The following table gives the number and amount of national-bank notes of each denomination which have been issued and redeemed since the organization of the system, and the amount outstanding October 31: Number of notes— Denominations. Issued. 23,169,677 7,747,519 Ones Twos Amounts— Eedeemed. Outstanding. 22, 8C6, 348 7, 658, 053 115,438,060 105,443, 674 Fives 49,153,060 43, 717, 670 Tens 15,419,471 13, 372,587 Twenties 2,041,711 1,858, 334 Fifties 1,563,151 1,394, 398 One hundreds 23, 588 23,894 Five hundreds... 7,345 7,379 One thousands... 363, 329 89, 466 9,994,386 5, 435, 390 * 2,046, 884 183, 377 168,753 306 34 Issued. $23,169,677 15,495, 038 577,190, 300 491, 530, 600 308, 389,420 102,085, 550 156, 315,100 11, 947,000 7,379,000 Redeemed. $22,806,348.00 15, 316,106.00 527,218, 370. 00 437,176,700.00 267, 451, 740.00 92, 916, 700.00 139,439, 800.00 11, 794, 000. 00 7,345,000.00 Outstanding $363,329.00 178,932,00 49,971, 930.00 54,353,900.00 40, 937, 6?0.00 9,168,850.00 16, 875, 300.00 153,000. 00 34,000.00 Total 214,563,922 196,281,997 18, 281, 925 1,693, 501,685 1, 521,464,764.00 172, 036,921.00 Unpresented fractions of notes to be deducted from notes redeemed and added to amount on notes outstanding 27, 010. 25 27, 010.25 Total. 1,521,437,753.75 172,063, 931.25 The apparent discrepancy in the amount of circulating notes outstanding October 31, which will appear when the several statements in this report are compared, is explained as follows: In the table on this page notes of national gold banks amounting to $104,952 are not included, and the table on page 51 includes $263,263, representing notes of other banks redeemed and destroyed, to be reissued. The total issues of incomplete currency during the year are shown by the vault account, as follows: National-bank currency in vault October 31, 1891 $43, 035, 720 Amount received from the Bureau of Engraving and Printing during the year ended October 31, 1892 '. '. 53, 854, 670 Total Amount issued to banks during the year Amount withdrawn from vault for cancellation Balance in vault October 31,1892 $49,951, 350 1, 615, 640 96,890,390 51,596,990 45,293,400 The following table shows the amount of new currency issued to replace notes redeemed and destroyed under the provisions of the act of June 20,1874, the amount issued to replace notes redeemed by lawful money deposited under the act of July 12, 1882, and the amount issued to both old and new banks upon bonds deposited for the purpose of obtaining additional circulation. The table also shows the amount of circulation redeemed under the act of June 20,1874, establishing the National-bank Eedemption Agency of the Treasury at Washington: 58 REPORT OF THE COMPTROLLER OF THE CURRENCY. TABLE SHOWING BY STATES THE AMOUNT OF f 'ADDITIONAL CIRCULATION" ISSUED AND RETIRED DURING THE YEAR ENDWD OCTOBER 31, 1892, AND TOTAL AMOUNT ISSUED AND RETIRED SINCE JUNE 20; 1874. Circulation issued. States and Territories. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut New York New Jersey Pennsylvania Delaware Maryland District of Columbia .. Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee Missouri Ohio Indiana Illinois Michigan "Wisconsin Iowa Minnesota Kansas Nebraska Nevada Oregon Colorado Idaho Montana.. Wyoming North Dakota South Dakota Washington California U.tah Territory New Mexico Territory. Arizona Territory Oklahoma Territory Indian Territory Alaska Territory Total Surrendered to this office and retired From June 20,1874, to October 31,1891 Surrendered and retired same dates Grand total October 31,1892 Under act of July 12, Additional 1882. $10 999 2,210 8 120 Circulation retired. Total issued. $39, 370 192,155 103,510 1,997,700 1,512, 290 306, 000 849,835 84, 346 1, 774, 750 $39,370 192,165 103,510 1,997,700 1,512,290 306, 000 849, 835 85,345 1, 774,750 303,750 303, 750 45, 000 78,750 64,100 5 33,750 22,510 22, 500 45, 000 78,750 64,100 5 33, 750 22, 510 22,500 135, 000 423,420 135,000 423, 420 433,800 58, 510 45, 000 2, 852,910 377,350 241,750 72, 090 227,170 250,860 175,510 56,240 201,280 434, 799 60, 720 45, 000 2,852,910 377, 350 241,750 72,090 227,170 250, 860 183, 630 56,240 201,280 20,250 176,850 33, 740 22, 500 24, 750 33,750 20,250 176,850 33, 740 22, 500 24, 750 33,750 236,235 67, 500 11,250 22, 500 22,500 22,500 35,990 236, 235 67, 500 11,250 22, 500 22, 500 22, 500 35, 990 12,338 13,711,526 13,723,864 Under act Insolvent and of June 20, Liquidating 1874. banks. $304, 616 204,845 96,870 1,399,750 161,235 533,790 1, 270, 624 352,581 948, 428 115, 860 135,907 1 14,945 37,120 23, 565 1,485 23,345 13,260 125,110 19,930 14,500 155,471 18, 082 50, 270 740,578 241,438 30, 245 32,870 58,890 69, 047 14, 460 32,630 15,290 46, 526 460 4,800 2,630 71, 935 18,230 7,401,620 $137,860 96,181 98,128 972, 937 259,195 292,447 866, 923 169,136 866,910 29, 600 163,551 5,061 51,267 37,034 27,770 23,580 41,011 1,910 54,064 100 36, 641 45, 314 11,040 189, 955 70,344 73, 504 391,171 178, 692 141,920 162,634 56,922 76,942 61,991 148,891 44,489 $442,476 301,026 194,998 2,372,687 420,430 826,237 2,137,547 521, 717 1,815, 338 145,460 299,458 5,062 66,212 74,154 51,335 25, 065 64,356 1,910 67,324 100 161,751 65, 244 25,540 345,426 88, 426 123,774 1,131,749 420,130 172,165 195, 504 115,812 145, 989 76,451 181,521 59,779 6,940 19,980 5,511 3,031 40 5,230 18,455 20,855 27,760 122 9,952 560 1,910 6,940 66,506 5,971 7,831 2,670 5,230 18,456 20, 855 99,695 18,352 9,952 560 1,910 6,005,461 13,407,081 86,310 258,942, 523 286,871,426 133,809,591 420,681,017 16,257,568 272, 665,387 294,273,046 139,815,052 450,431,976 Notes of gold banks are not included in the above table. Total retired. REPORT OF THE COMPTROLLER OF THE CURRENCY. 59 Of the total circulation issued as shown by the foregoing table, $2,867,620 were issued to banks organized during the year or just prior to November 1, 1891, and $10,856,244 to other banks which deposited bonds for the purpose of increasing their circulation. The provisions of law relating to the redemption of national-bank circulation remain as heretofore, a redemption fund of 5 per cent on the total circulation being maintained with the Treasurer of the United States, and a pro rata annual assessment paid as the cost of redemption, amounting to $1,464 on each $1,000 during the year ended June 30, 1892. During the past year the receipts of the National-bank Eedemption Agency amounted to $70,434,334, of which amount $31,218,977, or 44 per cent, was received from New York City. The amount received from Boston was $8,475,354; from Philadelphia, $5,053,891,- from Chicago, $5,052,376; from Cincinnati, $2,138,337; from Baltimore, $2,100,453; from St. Louis, $1,224,285; from New Orleans, $936,217; from Providence, $924,501; and from Pittsburg, $495,629. Of the total amount received during the year, notes representing $18,583,320 were fit for circulation and returned to the banks originally issuing them. The following table exhibits the amount of national-bank notes received monthly for redemption by the Comptroller of the Currency during the year ended October 31, 1892, 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: Received by the Comptroller of the Currency. Months. From the redemption agency. For national banks in connection F o r reducwith reducInsolvent tion of For retion of circu- placement and circulation lation and liquidating under new replacement with national notes. act of J u n e banks. with new 20,1874. notes. November, 1891 December, 1891 January, 1892 February, 1892 March, 1892 April, 1892 Ma,v,1892 June, 1892 July,1892 August, 1892 September, 1892 October, 1892 $6, 980 $2,916,770 $1, 067,176 835, 288 1,660 2, 934, 260 926, 385 1,490 3, 324, 870 914,762 540 3, 862,845 687, 684 9,290 3, 263, 080 526, 877 40 2, 871, 565 521, 615 3,890 3, 059, 700 525, 510 30 3, 275, 920 2, 967,180 467, 555 14,420 307, 080 20 2, 485,100 314,187 50 2, 331, 026 307,500 450 3, 098, 806 Total Received from June 20,1874, to October 31,1891 38,860 i 36,331,122 Grand total 7, 401, 619 $686, 898 559,969 560, 537 603,401 517, 389 510, 418 500,169 491, 532 446, 815 332, 246 411,189 384,898 6, 005, 461 Total. Received at the United States Treasury redemption agency. $4, 677,824 4,331,177 4, 813, 282 5, 321,548 4, 477,443 3, 908, 900 4,085,375 4, 292, 992 3, 895, 970 3,124, 446 3,056,452 3,791,654 $5,013,820 5, 909,334 7, 788, 484 6, 066,177 5, 276, 655 5, 639, 755 6,357, 399 6, 323, 849 6,191, 046 5, 352, 812 5, 296, 037 5,218,966 49,777,063 | 70,434,334 16,814,435 |874,464,560 286,813,126 133, 684,600 1,311,776,721 2,119,677,706 16, 853,295 910,795, 682 294, 214, 745 139, 690, 061 1, 361, 553, 784 2,190,112, 040 Notes of gold banks are not included in the above table. 60 REPORT OF THE COMPTROLLER OF THE CURRENCY. The following table exhibits the amount of national-bank notes received at this office and destroyed yearly since the establishment of the system: Prior to November 1, 1865 During year ended October 31— 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879. 1880 $175,490 During year ended October 31— 188i/...". « $54,941,130 1,050,382 74,917, 611 1882 1 3,401,423 82,913,766 1883 4, 602,825 93,178,418 1884 8, 603, 729 91,048,723 1885 14, 305, 689 59,989, 810 1886 24, 344, 047 47, 726,083 1887 30,211,720 59, 568, 525 1888 36,433,171 52, 207, 627 1889 49, 939, 741 44, 447,467 1890 137, 697, 696 45,981,463 1891 98, 672, 716 43, 885,319 1892 76, 918, 963 Additional amount of insolvent and 57, 381, 249 150, 246,189 liquidating national banks 41,101, 830 35, 539, 660 1,521, 433,462 Total. Notes of gold banks are not included in the above table. There "was in the vault of the redemption division of this office, awaiting destruction, at the close of business October 31, 1891 $241,300.00 Received during the year ended October 31,1892 49,788, 948.00 Total Withdrawn and destroyed during the year Balance in vault October 31,1892. 50,030,248. 00 49, 902, 665.50 127,582.50 REDEMPTION OF NOTES OF BANKS REDUCING CIRCULATION, OF THOSE IN VOLUNTARY LIQUIDATION, AND OF FAILED BANKS, UNDER THK ACT OF JUNE 20, 1874, AND OF BANKS THE CORPORATE EXISTENCE OF WHICH HAS BEEN EXTENDED UNDER THE ACT OF JULY 12, 1882. No change has occurred in the provisions of law with respect to a reduction of the outstanding circulation of an association upon the deposit of lawful money with the Treasurer of the United States in a sum not less than $9,000, nor in the provisions of the act of July 12, 1882, requiring a deposit of lawful money for the retirement of the old circulation of such banks within a period of three years. Under these provisions of law $458,024,277 of lawful money has been deposited with the Treasurer on account of liquidating and insolvent banks, including $2,663,720 deposited for the redemption of notes of national gold banks and $97,714,449 for the redemption of national-bank notes under the act of July 12,1882. Durin g the year ended October 31,1892, $1,063,300 in lawful money was deposited by banks reducing circulation, $1,341,880 by banks in voluntary liquidation, $12,328 by extended banks retiring old circulation, and $761,820 on account of insolvent banks, making a total of $3,179,328. The total amount deposited prior to and under the acts of June 20, 1874, and July 12, 1882, is $472,269,087, and of this $73,792,900 was deposited by banks in liquidation. Deducting the amount of circulating notes redeemed and destroyed without reissue, which was $447,078,004, from the total deposit, there remained in the hands of the Treasurer, on October 31,1892, $25,191,083 in lawful money for the redemption and retirement of national-bank circulation, including $104,952 for the redemption of outstanding circulating notes of national gold banks. Prior to June 20, 1874, $10,431,135 of national-bank notes were redeemed and destroyed without reissue, and $436,646,869 have been so retired since that date. In the latter amount are included $2,558,768 of the notes of national gold banks and $82,081,203 of notes of associations which extended their corporate existence. Under the act approved February 14, 1880, authorizing the converof gold banks and extending to them all the privileges applicable Digitized forsion FRASER REPORT OF THE COMPTROLLER OF THE CURRENCY. 61 to any national-banking association, the national gold banks either availed themselves of the opportunity thus afforded to convert or passed out of existence. As stated elsewhere, there still remains on deposit with the Treasurer of the United States in lawful money $104,952 for the redemption of notes issued by national gold banks which are still outstanding. TAX UPON CIRCULATION, REDEMPTION CHARGES, AND ASSESSMENTS. ftb change has occurred in the provisions of law requiring national banks to pay a semi annual duty of one-half of 1 per cent upon the average amount of their notes in circulation, and expenses incident to the redemption of such notes annually determined by the Treasurer of the United States, and a pro rata assessment levied upon the banks, based upon the exact status of each with respect to the amount redeemed. The banks pay the fees allowed to national-bank examiners, as ascertained under the law, by means of drafts forwarded to the Comptroller, who in turn remits the proceeds to the examiners as their reports are received and accounts rendered. The amounts collected from the banks during the fiscal year from these sources and for the expense connected with the preparation of plates for circulation were as follows: Semi-annual duty on circulation Cost of redemption of notes by the United States Treasurer Assessment for cost of plates, new banks Assessment for cost of plates, extended banks Assessment for examiners7 fees (sec. 5240, Revised Statutes) $1,331,287.26 100,593.70 15, 700.00 8,100.00 161,983.68 Total 1,617,664.64 The following table is a comparative statement of taxes assessed as semi-annual duty on circulation, cost of redemption of notes, cost of plates, and examiners' fees for the past ten years: Years. Semi-annual duty on circulation. $3,132, 006.73 3,024, 668. 24 2, 794, 584. 01 2, 592,021. 33 2,044, 922. 75 1, G16,127. 53 1,410, 331.84 1,254, 839. 65 1,216,104. 72 1,331,287.26 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 Total.... 20,416,894.06 Cost of redemp- Assessment Assessment Assessment tion of notes cost of for examfor cost of for by the ex- iners' fees new plates, United States plates, tended (sec. 5240, banks. Treasurer. banks. K.S.). Total. $147, 592.27 160,896. 65 181, 857.16 168, 243.35 138, 967. 00 141,141.48 131,190.67 107,843. 39 99, 366. 52 100, 593.70 $25, 980.00 18, 845. 00 13 150. 00 14,810.00 18, 850.00 14,100.00 12,200. 00 24,175. 00 18, 575. 00 15,700. 00 $34,120.00 1,950. 00 97, 800.00 24.825. 00 1, 750. 00 3, 900.00 575. 00 725.00 7,200.00 8,100.00 1,377, 692.19 176,385.00 180,945. 00 1,209,752.08 23,361,668.33 $94, 606.16 $3,434, 305.16 99, 642.05 3, 306, 001.94 107, 781. 73 3,195,172.90 107, 272.83 2, 907,172. 51 110, 219.88 2, 314, 709.63 121,777.86 1, 897, 046.87 130, 725.79 1, 685, 023.30 136, 772.71 1, 524, 355. 75 138, 969.39 1,480, 215.63 161,983.68 1, 617, 664.64 iMor to the act of March 3,1883, the banks were required to pay a tax on capital and deposits in addition to that on circulation. The total tax collected on capital amounted to $7,885,887.74; on deposits, $60,940,067.16; and up to July 1? 1892, $72,670,412.30 on circulation, making a total of $141,466,367.20. LOANS. The following table gives a classification of the loans of the national oanks in each of the central reserve cities of Kew York, Chicago, and St. Louis, in other reserve cities classified in groups, and in the rest of count / at nearly the same dates in each of the last five years: Digitized forthe FRASER 02 REPORT OF THE COMPTROLLER OF THE CURRENCY. OCTOBER 4, 1888. On single OnUnited On other name paper stocks, No. of States without banks. bonds on bonds, etc., other demand, jon demand. security. All other loans. Total. 46 $2,132,3 59 $108,466, 001 $28,626, 295 $153,271,026 $292,495,481 41,129,615] 65, 275, 737 9, 631, 825 14,155, 001 359, 296| 19 6,988,2421 8,216, 546 921,854 306, 450 4 182, 567, 237| 268,417, 291 148, 770| 44, 271,164 41,430,120 128 37,435, 637! 52,435,975 7,182, 779 10, 765! 7, 806, 794 41 42,188, 407i 56, 095, 010 6, 570, 9b 7, 260, 665 75, 000 33 21, 303, 327 31, 012, 089 1, 205, 596 8, 501,966 1,200 22 721, 806,861 900, 938,156 42, 586,172| 135,967,639 577,484 2,847 .v York • .ii\:sigO .->t. Louis Group No. 1, 4 cities Group No. 2, 4 cities Group No. 3, 4 cities Group No. 4, 4 cities Country 3,U0 3,304,674 221,460,344 243,430, 915 1, 206,690,352| 1,674,886,285 Total S E P T E M B E R 30, 1889. On demand, On time, with U. S. with U. S. bonds,other bonds, other bonds, bonds, stocks, or stocks, or collaterals collaterals as security, jas security. New York Chicago St. Louis Group No. 1, 4 Group No. 2, 4 Group No. 3, 4 Group No. 4, 4 Country 15, 947, 708 866, 900 43,237, 334 8, 308, 283 8, 618, 618 9, 051,215 154, 475, 783 cities. cities cities cities Total. $119, 366, 417 $109,579,495 $43,085,676 $303,898,166 72,381,075 31, 275, 073 12, 702,779 12,455, 515 2, 897,770 1,846, 621 13,475, 246 7, 863, 955 145,457, 842 54, 280, 694 43, 847, 643 286,823, 504 9,770,705 12, 056, 470 59,463,472 29,328, 014 6, 419,197 62, 848,516 39, 473, 645 8, 337, 056 36,285, 921 16,140, 667 3,432,808 7,661,230 638,484,540 54,314,240 125, 279, 276 970, 553,839 272,372,4101,025,390,153 254,264,398 253,702,7771,805,729,739 Total O C T O B E R 2, 1890. New York Chicago St. Louis G r o u p No. 1, 5 G r o u p No. 2, 4 G r o u p No. 3, 6 G r o u p No. 4, 4 Country cities*! cities*. cities*t cities*. 29, 044, 063 16, 714, 673 2,172, 008 45, 604, 639 8, 683, 687 21,118, r 10,116,981 164, 665, 256 122, 226, 904i 102,372, 932i 27, 897, 562! 17,125,219 16, 274, 7891 4, 346, 312 146, 363, 799 56,582, 8521 33,311, 338 11, 002, 538 55,649,978 10, 540, 565] 6,225,020! 18,602, 080 685,600,4011 63,538, 244i 43,466, 652 297,110, 551 16, 506, 704 78, 244,158 6,681,993i 29,475,102 48, 664,875| 297,216,165 13,140,1821 66,137, 745 10,752, 917! 98,062,140 45,257,225 10; 313,144' 144, 715, 700!l, 058, 519,601 105,926,851 271,733,682 294,242,167|l, 970,022,687 Total SEPTEMBER 25, 1891. j On demand On time, On demand! with U . S . with IT. S. On paper w i t n in in i " i D o n ( *s, other bonds, other with single bonds, name, , oth- dorsers,oth-| bonds, erwise stocks, or | stocks, or unsecured. erwise un- unsecured, jj collaterals j collaterals secured. jas security.jas security. New York. Chicago St. Louis . - GroupNo. 1, 5 cities*t .1 No. 2,4 cities*..] No. 3, 7 cities*t. No.4,4 cities*..) Country 3,333! Total. $25,125, 313 $116,957, 04< $2, 925,418'$113,787,1961 $42, 783,829! $301, 578, 802 3,704,939! 13,525,638 17,508,229] 87,565,897 34,889,1 " ' — 301 17, 937,791 558,571| 3,999,711 6,595,233 27,864,107 14,617,1141! 2,093,451 42,118, 748 141, 021, 853! 9, 015,155! 54,233,863 1, 084, 0341 11,149,9281 29, 991, 803! 8,457, 434 54, 500, 479J 3,361, 241! 9,923, 642J 18, 809,101 14,130, 558! 2,106, 638j 5, 596,114J 7,498, 9611 35, 679, 262 i 54, 065,103 i 150,412,548! 6(52, 814, 7,677J 281,453, 347 1,068,922, 313j Total. 48,397,495 294,787,114 14,393,999! 65,077,198 11, 684,9591 98,279,422 9, 954, 626! 39, 286,897 162, 943, 75711, 074, 914,803 58, 435,2851 266, 281,195) 314, 262,127|1, 989, 354,240 REPORT OF THE COMPTROLLER OF THE CURRENCY. 63 SEPTEMBER 30, 1892. On time, secured by stocks, bonds, and other personal securities, or on mortgages or other real-estate security. demand, I On demand, On by | paper with secured stocks, one or more bonds, and'' individual other peror firm sonal secunames. rities. 48 Few York 23 Chicago 9 St. Louis Group— No. 1,5 cities*! - 133 54 No. 2,4 cities* . . 50 No. 3,7 cities*t 26 No. 4,4 cities*.. 3,430 Country Total 3,773 $4, 931, 784;$117, 751, 227 $117,796, 025 18,128,149 7,853, 323 2, 744, 362 1, 079,406 53,328, 579 11, 8, 910, 933 2, 072,198 20, 377, 874 8, 028, 468 7, 380, 208 5,751,077 171,265,156 54, 205, 372 95,920, 315 Total. $65, 573, 000 $344,199,941 21, 006, 801 103, 913,025 32,877, 372 8,192, 840 54, 982, 554 317.983, 394 14, 945,457 67, 325, 570 13, 879, 881 109.984, 266 11, 288,439 41,445,455 176,901,"" 395 1,135,769,806 320, 283,166 366,770,367 2,153,498,829 * Group No. 1, Boston, Albany, Brooklyn, Philadelphia, and Pittsburg. Group No. 2, Baltimore, Washington, New Orleans, and Louisville. Group No. 3, Cincinnati, Cleveland, Detroit, Milwaukee, Des Moines, St. Paul, and Minneapolis. Group No. 4, Kansas City, St. Joseph, Omaha, and San Francisco. t Brooklyn, St. Paul, and Minneapolis were not reserve cities prior to 1890. In the table below is given a full classification of the loans in New York City alone for the last seven years: Loans and discounts. On indorsed paper On single-name paper On U. 3. bonds on demand On other stocks, etc., on demand On real-estate security All other loans Total Oct. 7,1886. Oct. 5, 1887. 45 banks. 47 banks. Oct. 4, 1888. Sept. 30,1889. 46 banks. 45 banks. $121, 381, 380 $115, 316, 625 $117,707,044 $119,369,404 28, 626, 295 24, 646, 008 17, 585, 496 31, 866, 578 1,445, 900 2,132,159 2, 002, 550 1,124,109 Oct. 2,1890. 47 banks. $122, 226, 904 29, 044,063 583, 820 91, 636, 791 211,432 13, 854, 215 95,075,844 146, 885 28, 443,431 108,466,001 113, 494 35,450,488 108, 258,112 201, 878 43, 078,085 101, 789,112 228, 778 43, 237, 874 253, 732, 376 258,014,181 292,495,481 303, 898,166 297,110, 551 Sept. 25, 1891. Loans and discounts. On paper, with single name, unsecured On paper, with one or more indorsers, otherwise unsecured On demand, with one or more indorsers, otherwise unsecured On demand, with U. S. bonds, other bonds, stocks, or collaterals, as security On time, with IT. S. bonds, other bonds, stocks, or collaterals, as security Total 49 banks. $25,125, 313 116, 957, 046 2, 925,418 113,787,196 42, 783, 829 301,578,802 Loans and discounts. Sept. 30, 1892. 48 banks. On demand, paper with one or more individual or iirm names On demand, secured by stocks, bonds, and other personal securities On time, paper with two or more individual or firm names On time, single-name paper (one person or firm) without other security On time, secured by stocks, bonds, and other personal securities, or on mortgages or other real-estate security Total $4, 931, 784 117,751,227 117, 796, 025 38,147, 905 65,573, 000 344,199,941 64 REPORT OF THE COMPTROLLER OF THE CURRENCY. The subjoined tables bring forward to the latest date the usual summary of information as to the course of. deposits and reserve since the act of June 20, 1874, went into effect. They show the amount of deposits and the state of the reserve at about October 1 of each year, in each central reserve city, in all the reserve cities, and in the States and Territories, with a general summary embracing all active national banks: NEW YORK CITY. Date. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Sept. Oct. Oct. Oct. Oct. Sept. Oct. Sept. Sept. 2,1874 1,1875 2,1876 1,1877 1,1878 2,1879 1,1880 1,1881 3,1882 2,1883 30,1884 1,1885 7,1886 5,1887 4,1888 30,1889 2,1890 25,1891 30,1892 Average for 19 years... Reserve held. Classification of reserve. Reserve No. of Net de- required banks. posits. (25 per Amount. Ratio to Specie. Other law- Due from Redempcent) .* deposits. ful money. agents. tion fund. 48 48 47 47 47 47 47 48 50 48 44 44 45 47 46 415 47 49 48 47 Mittions. Millions. Millions. Per cent. Millions. Millions. Millions. Millions. 204.6 51.2 68.3 14.4 52.4 33.4 1.5 202.3 5.0 54.4 50.7 60.5 29.9 1.1 197.9 14.6 45.3 49.5 60.7 0.8 30.7 174.9 13.0 34.3 0.8 43.7 48.1 27.5 189.8 13.3 36.5 1.1 47.4 50.9 26.8 210.2 19.4 32.6 1.1 52.6 53.1 25.3 268.1 58.7 11.0 0.9 67.0 70.0 26.4 268.8 50.6 10.9 1.0 67.2 62.5 23.3 254.0 44.5 18.9 1.0 63.5 64.4 25.4 266.9 50.3 19.7 0.9 66.7 70.8 26.5 255.0 63.1 27.0 0.7 63.7 90.8 35.6 312.9 91.5 23.7 0.5 78.2 115.7 37.0 282.8 64.1 12.5 0.4 70.7 77.0 27.2 284.3 63.6 16.1 0.4 71.1 80.1 28. 2 342.2 73.9 22.1 0.3 85.5 96.4 28.2 338.2 59.1 25.6 0.2 84.5 84.9 25.1 332.6 78.4 13.9 0.2 83.2 92.5 27.8 327.8 53.8 32.0 0.3 81.9 86.1 26.3 391.9 62.6 40.5 0.3 97.9 103.4 26.4 268.7 67.2 75.6 28.3 47.0 27.9 0.7 12.9 13.1 15.3 17.0 20.1 22.4 6.7 7.8 9.6 7.8 11.0 8.1 0.05 0.05 0.05 0.05 0.05 0.05 1.3 1.0 1.6 3.1 3.8 4.6 1.3 1.1 1.6 2.5 2.0 1.5 0.03 0.02 0.01 0.02 0.02 0.02 *A11 lawful money. CHICAGO. 64.6 69.3 78.7 82.9 92.9 106.5 Oct. 5,1887 Oct. 5,1888 Sept. 30,1889 Oct. 2,1890 Sept. 25,1891 Sept. 30,1892 16.2 17.3 19.7 ' 20.7 23.2 26.6 19.7 21.0 25.0 24.8 31.2 30.5 30.5 30.2 31.7 30.0 33.6 28.6 ST. LOUIS. Oct. Oct. Sept. Oct. Sept. Sept. 10.3 7.9 12.0 26.2 24.2 29.2 5,1887 4,1888 30,1889 2,1890 25,1891 30,1892 2.6 2.0 3.0 6.5 6.1 7.3 2.7 2.1 3.2 5.6 5.8 6.1 26.4 27.0 26.7 21.3 23.8 21.1 RESERVE, CITIES.* [Reserved 25 per cent, one-half in lawful money.] Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Sept. Oct. Oct. Oct. Oct. Sept. Oct. Sept. Sept. 2,1874 1,1875 2,1876 1,1877 1,1878 2,1879 1,1880 1,1881 3,1882 2,1883 30,1884 1,1885 7,1886 5,1887 4,1888 30,1889 2,1890 25,1891 30,1892 182 188 189 188 184 181 184 189 193 200 203 203 217 223 224 228 259 265 263 221.4 223.9 217.0 204.1 199.9 288.8 280.4 335.4 318.8 323.9 307.9 364.5 381.5 338.5 384.9 419.0 457.8 451.9 519.3 55.3 56.0 54.2 51.0 50.0 57.2 72.4 83.9 79.7 81.0 77.0 91.1 95.4 84.6 96.2 104.8 114.4 113.0 129.8 76.0 74.5 76.1 67.3 71.1 83.5 105.2 100.8 89.1 100.6 99.0 122.2 114.0 100.7 116.9 121.9 129.8 138.8 156.1 34.3 33.3 35.1 33.0 35.6 36.5 36.2 30.0 28.0 31.1 32.2 33.5 29.9 29.7 30.4 29.1 28.3 30.7 30.1 4.5 1.5 4.0 5.6 9.4 11.3 28.3 34.6 28.3 26.3 30.3 42.0 44.5 36.3 40.0 37.8 43.1 45.5 53.1 36.7 37.1 37.1 34.3 29.4 33.0 25.0 21.9 24.1 30.1 33.3 34.9 26.0 23.2 24.5 26.7 24.9 31.5 29.0 * Includes Chicago and St. Louis up to October 5,1887, 31.1 32.3 32.0 24.4 29.1 35.7 48.2 40.6 33.2 40.8 32.3 42.4 41.3 40.0 51.5 56.7 61.0 61.0 73.0 3.7 3.6 3.0 3.0 3.2 3.5 3.7 3.7 3.5 3.4 3.1 2.9 2.2 1.2 0.9 0.6 0.7 0.8 1.0 REPORT OF THE COMPTROLLER OF THE CURRENCY. 65 STATES AND TEHEITOKIES. jJate. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Sept. Oct. Oct. Oct. Oct. Sept. Oct. Sept. Sept. 2,1874 1,1875 2,1876 1,1877 1,1878 2,1879 1,1880 1,1881 3,1882 2,1883 30,1884 1,1885 7,1886 5,1887 4,1888 30,1889 2,1890 25,1891 30,1892 Reserve held. Classification of reserve. Reserve No. of Net de- required (15 per Amount. Ratio to Specie. Other law- Due from Redempbanks. posits. cent).* deposits. ful money. agents. tion fund. 1, 774 1,851 1.853 1J845 1, 822 1,820 1, 859 1,895 2, 026 2, 253 2, 417 2,467 2,590 2,756 2, 847 2,992 3,207 3, 333 3,430 Millions. Millions. Millions, Per cent. Millions. Millio?is. Millions. Millions. 2.4 293.4 44.0 100.6 34.3 33.7 52.7 11.9 1.6 307.9 46.3 100.1 32.5 33.7 53. 3 11.6 2.7 291.7 43.8 99.9 34.3 31.0 55.4 10.8 4.2 290.1 43.6 95.4 32.9 31.6 48.9 10.7 8.0 289.1 43.4 106.1 36.7 31.1 56.0 11.0 329.9 49.5 124.3 37.7 11.5 30.3 71.3 11.2 410.5 61.6 147.2 35.8 21.2 28.3 86.4 11.3 507.2 76.1 158.3 31.2 27.5 27.1 92.4 11.4 545.8 81.9 150.4 27.5 30.0 30.0 80.1 11.3 577.9 86.7 157.5 27.2 31.2 30.8 84.1 11.3 535.8 80.4 156.3 29.2 35.2 30.9 79.7 10.5 570.8 85.6 177.5 31.1 41.5 29.9 95.9 10.2 8.7 637.6 95.6 186.2 29.2 47.8 30.1 99.5 6.6 690.6 103.6 190.9 27.6 50.8 32.6 100.9 6.2 739.2 110.9 209.8 28.4 50.2 34.5 119.0 5.5 807.6 121.1 224.6 27.8 50.5 36.2 132.4 5.2 859.2 128.9 225.5 26.2 54.3 37.7 128.5 5.4 861.8 129.3 235. 5 27.3 60.3 36.8 133.0 5.8 975.5 146.3 274.8 28.2 66.6 38.9 163.5 * Reserve 15 per cent, two-fifths in lawful money. SUMMARY. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Sept. Oct. Oct. Oct. Oct. Sept. Oct. Sept. Sept. 2,1874 1,1875 2,1876 1,1877 1,1878 2,1879 1,1880 1,1881 3,1882 2,1883 30,1884 1,1885 7,1886 5,1887 4,1888 30,1889 2,1890 25,1891 30,1892 2,004 2,087 2,089 2,080 2,053 2,048 2,090 2,132 2,269 2,501 2,664 2,714 2,852 3,049 3,140 3,290 3,540 3,677 3,773 719.5 734.1 706.6 669.1 678.8 768.9 968.0 1, 111. 6 1,118.6 1,168. 7 1, 098.7 1, 248. 2 1, 301. 8 1, 388.4 1, 543. 6 1, 655. 5 1, 758. 7 1, 758. 6 2, 022.5 150.1 152.2 147.5 138.3 140.8 159.3 201.0 227.2 225.1 234.4 221.1 254.9 261.7 278.0 311.9 333.1 353.7 353. 5 408.1 244.9 235.1 236.7 210.8 228.1 260.9 323.0 321.6 303.9 328.9 346.1 415.4 377.2 394.2 446.2 459.6 478.2 497.4 570.9 34.0 32.0 33.5 31.5 33.6 33.9 33.4 28.9 27.2 28.1 31.6 33.3 29.0 28.4 28.9 27.8 27.2 28.3 28.2 21.3 8.1 21.3 22.8 30.7 42.2 108.2 112.7 102.8 107.8 128.6 175.0 156.4 165.1 178.1 164.3 195.9 183.5 209 1 122.8 125.2 113.4 100.2 97.0 95.9 64.3 59.9 72.0 80.6 91.2 88.5 68.7 79.9 90.1 99.7 86.8 113.3 118.3 83.8 85.6 87.4 73.3 85.1 107.0 134.6 133.0 113.3 124.9 112.0 138.3 140.8 140.9 170.5 189.1 189.5 194.0 236.4 17.1 16.3 14.6 14.5 15.3 15.8 15.9 16.1 15.8 15.6 14.3 13.6 11.4 8.3 7.6 6.4 6.1 6.6 7.1 In the preceding tables the specie held represents the aggregate of gold and silver coin, Treasurer's certificates, and clearing-house gold certificates. A table will be found in the Appendix, page 153, showing the amount of each kind of coin and certificates held by the banks in each State and reserve city in October, 1888, September, 1889, October. 1890, September, 1891, and September, 1892. FAILED BANKS. Seventeen national banks, with an aggregate capital of $2,450,000, were placed in the hands of receivers during the year, as shown by the following statement. In one case creditors have received dividends amounting to principal and interest in full; in another case principal in full; in another, 85 per cent; in another, 70 per cent; in two cases, 50 per cent; in five cases, 30 per cent; in two cases, 25 per cent, and in one case 20 per cent. 9647 5 66 REPORT OF THE COMPTROLLER OF THE CURRENCY, STATEMENT OF F A I L E D BANKS, THEIR SURPLUS AND L I A B I L I T I E S , ACCORDING TO L A S T R E P O R T OF CONDITION. i As shown at date of last repor&of conj dition. Date of authority to Date of | Receiver j of Name and location of bank. commence failure, appointed! Surplus Other iI Date re un- liabili- I last business. port of j Capital. and divided ties.* I condiprofits. I tion. Maverick National Bank i of Boston, Mass Dec, 31, 1864 Corry National Bank of Corry, Pa | Nov. 12,1864 Cheyenne National Bank Dec. 2, 1885 of Cheyenne, Wyo. California National Bank Dec. 29,1887 of San Diego, Cal irst N National Bank of WilFirst mington, N. C j July 25, 1866 1891. 1891. Nov. 2 Nov. 2 Nov. 7 I 1891. | $400,000 fl,018,862 $10,097,888^ Sept. 25 548, 293; Sept. 25 Nov. 21 100, 000J 22,418J Nov. 13 ! Dec. 5 150, OOO! 22, 814| 306, 838| Sept. 25 Nov. 12 | Dec. 18 i l Nov. 24 ! Dec. 21 500,000! 120,232! l ! 250, 000 23,543 i i I 584, 932; 1892. Huron National Bank of j Huron, S. Dak Nov. 21, 1884 Dec. 18 i Jan. 1892. 905,303| Sept. 25 7j 75,000 2,320 49,5271 Dec. 2 ! First National Bank of Downs, Kans Oct. 12, 1886 Jan. 23 j Feb. 6 i 50, 000 First National Bank of i j Muncy, Pa Feb. 23,1865 Jan. 11 j Feb. 9 j 100,000 Bell County National Bank of Temple, Tex Aug.25, 1890 Feb. 3 I Feb. 19 | 50, 000 First National Bank of ! Deming, N. Mex | Apr. 22, 1884 Feb. Feb. 29 i 100,000 First National Bank of | 50, 000 Silver City, N. Mex j Sept. 17,1880 Feb. Feb. 29 1,532 79,842 Dec. 2 24,493 88, 657: Dec. 6,089 88, 509 18,946 9,858 Dec. 153, 4441 Dec. 121 503 Lima National Bank of . 200,000 Lima, Ohio ! Jan. 16,1883 ! Mar. 1 Mar. 21 51,234 215 835 National Bank of Guthrie, j I 5,176 100,000 Okla July 31, 1890 Cherry vale National Bank i June 13 i| June 22 50, 000J 45 583 4,599 of Cherry vale, Kans I Apr. 16, 1890 ! June 10 ! July 2 First National Bank of 50, 0001 48 572 Erie, Kans 5,071 First National Bank of Jan. 15, 1889 | June 25 | July 2 125, 000 25,082 82 532 XVUUJ&. W Hill, Tex 1OA Rockwall, May 29,1888 j June 11 j July 20 j Vincennes National Bank 100,000 42,534 242 193 of Vincennes, Ind. July 17, 1865 ! July 6 ! July 22 2, 450, 0001 404, 803 13,641 451 Total. Dec. 1892. Mar. 1 May 17 May 17 May 17 July 12 July 12 I •Total, as per report, except capital, surplus, circulation, undivided profits, and unpaid dividends. CAUSES OF FAILURE. The doors of the Maverick National Bank of Boston, Mass., were closed on the last day of the report year (October 31, 1891, too late to be included in the annual report) by the national bank examiner, acting under instructions from the Comptroller of the Currency. For some months the condition of the bank had been a source of anxiety to the Comptroller on account of excessive loans to certain of its directors. The aggravated character of these loans, however, was not revealed to the Comptroller, either through the reports of the examiner or the attested reports of condition. The bank had a large volume of business and did a large collection business throughout the country. Speculative banking and excessive loans to directors for speculative purposes were the causes of failure. Conservatively managed, its volume of business and good will would have possessed very great value. Its assets were easily convertible. The receiver has paid to creditors 85 per cent, and expresses the opinion that an additional dividend will REPORT OF THE COMPTROLLER OF THE CURRENCY. 67 be paid, not exceeding 5 per cent, dependent upon the result of pending* litigation and the amount realized from the assessment upon shareholders. An assessment of 100 per cent has been levied by the Comptroller upon the shareholders of the bank, the amount of collection appearing in the table on page 224 of the Appendix. The doors of the Corry National Bank of Corry, Pa.? were closed to business November 7, 1891. The entire management of the bank had been practically confided to the president and cashier, whom it appears were highly respected and enjoyed the full confidence of the community until their disastrous administration of aifairs of the bank became known. A good many loans were made in excess of the 10 per cent limitation. False debits were made to other banks, and a corresponding credit given to certain individuals for the purpose of making a showing which would justify the payment of dividends to shareholders. Large rates of interest were paid on certificates of deposit, and the expenses of the bank were extravagant. A large amount of paper of bad character had been kept alive by renewals, interest in many cases being included in the renewals. The discoveries of the examiner, indicating criminal violations of law, were promptly reported to the United States attorney. An assessment of 100 per cent has been levied by the Comptroller upon the shareholders of the bank, the amount of collection appearing in table on page 224. Dividends amounting to 50 per cent have been paid to creditors. The doors of the California National Bank of San Diego, Cal., were not ox>ened after close of business November 11,1891. The failure was regarded as a great calamity by the local community, and considerable effort was made, in which many creditors joined, to accomplish a resumption of business. Under the peculiar circumstances and in view of repeated assertions in communications to the Comptroller from interested parties that a sufficient cash fund would be made immediately available to restore the impaired capital, as much time was given before the appointment of a receiver as seemed to be consistent with the Comptroller's discretion under the law. When it became known, ui)on thorough examination, that the entire capital and surplus of the bank had been lost and all efforts to resume had proved futile, the president of the bank, who had personally exerted himself in the interests of resumption of business, committed suicide. The funds of the bank were used to promote local enterprises of a public character involving large sums of money, and during a period characterized by a marked increase in prices and unusual activity in business. Succinctly stated, the president of the bank, in conjunction with one or more directors, at the date of its organization inaugurated schemes or deals in the interest of themselves and the local community which involved large sums of money. The necessary loans were for a time obtained from the Eastern States, but as these matured and demand for payment was made recourse was had to this bank. The local boom collapsed before any of these enterprises became paying investments. At length, the extreme danger to the bank became apparent to the management, and it appears tliat the president alone was forced to assume the attendant responsibility, and finally being unable to contend with the reductionin deposits and shrinkage in values suspension became inevitable. An assessment of 100 per cent has been levied by the Comptroller upon the shareholders of the bank, the amount of collection appearing in table on page 224. Dividends amounting to 30 per cent have been paid to creditors. 68 REPORT OF THE COMPTROLLER OF THE CURRENCY. The Cheyenne National Bank of Cheyenne, Wyo., closed its doors to business November 13, 1891, a run having been caused by the suspension of the California National Bank of San Diego, Cal. A few days later the cashier committed suicide. The president of the California National Bank of San Diego was likewise the president of the Cheyenne National Bank, and the character of management in both cases was almost identical. The personal presence of the president, his correct manner of life, and his energetic attention to business are said to have given him the entire confidence of the community and enabled him to consummate questionable transactions without suspicion. From the first, the funds of the bank were diverted to his use. One common method was to purchase stocks of little or no value, sell them to irresponsible persons, taking notes in payment, which notes he caused to be discounted by this bank. He borrowed money in the Eastern States with which to purchase a controlling interest in the stock of the bank, using this stock as collateral. When demand was made, he would pay the loans with funds belonging to the bank realized upon accommodation paper obtained from his immediate friends. The cashier became a large and irresponsible debtor, and together these officers misappropriated an amount equal to the entire capital of the bank. Many bad loans were made, business was unduly extended^ and the management was reckless and extravagant. Dividends amounting to 25 per cent have been paid to creditors. The doors of the First National Bank of Wilmington, N. C, were closed by order of the board of directors November 24, 1891. The reason given to the public was that the capital had been impaired by heavy losses incurred in previous years, from which the bank could not recover. No dividends had been paid since 1887. After a thorough investigation, the receiver reported that the failure was due to bad loans extending over a number of years, and to peculation and robbery by the cashier, a fugitive from justice. The directors took no interest in the management, and the cashier had been given complete control. A large part of the assets consisted of worthless bills receivable, which had been carried for a long time by renewal. Excessive loans had also been made. False entries were made upon the books to conceal the actual liability from the examiner, and it was found that the cashier had so manipulated the accounts as to successfully postpone the collapse for a considerable length of time. It now appears that the directors were aware to a certain extent of the condition of the bank, but relied upon the hope that it would under most favorable circumstances recover. The class of assets relied upon as good at date of failure amounted to only about 25 per cent of the whole, and the receiver up to date has been unable to collect more than 15 per cent of the total assets. An assessment of 100 per cent has been levied by the Comptroller upon the shareholders of the bank, the amount of collection appearing in table on page 224. Dividends amounting to 30 per cent have been paid to the creditors. The doors of the Huron National Bank of Huron, S. Dak., were closed to business by the national-bank examiner December 18, 1891. The examiner found that for some time prior to that date the bank had been in a crippled condition, but thought, with careful and economical management, the affairs could be placed upon a safe footing. The shareholders finally voted to go into voluntary liquidation, but upon the disclosure that a large indebtedness due from the officers and their friends was not collectible, the Comptroller was compelled under REPORT OP THE COMPTROLLER OF THE CURRENCY. 69 the law to appoint a receiver. It appears that the local community lost confidence in the bank from the fact that the management was supposed to be pecuniarily interested in a very spirited controversy and rivalry that existed between several cities over the location of the capital of the State, and this with other causes tended to make the business of the bank unprofitable. The farming interests in the surrounding country were largely indebted to the bank, and the continued crop failures made the loans almost worthless. It did not appear that there had been criminal violations of law, but it did appear that the suspension was due to bad loans and unreinunerative business, which had been unduly extended. The doors of the First National Bank of Muncy, Pa., were closed to business January 11, 1892, by a national-bank examiner who had for sometime been in attendance for the purpose of ascertaining the exact condition as to solvency. Criminal violations of law were apparent, and prompt communication was had with the United States attorney. There appeared to be a large shortage in cash as represented by the books of the bank. On the day upon which the examiner closed its doors, the want of public confidence was manifested by a slight run. The causes of failure may be stated as reckless management, incorrect bookkeeping, declaration of dividends that had not been earned, failure to charge off bad debts, and a persistent practice of allowing overdrafts in large amounts. Had the management of the bank been good and efficient, the appointment of a receiver would have been unnecessary and the bank might have been put in a sound condition by levying an assessment to make good the impairment of capital. No assessment was levied upon the shareholders as the assets of the bank were sufficient to pay creditors in full. The remaining assets have been turned over to an agent selected by the shareholders and the trust closed, principal and interest having been paid in full on all proved claims. The doors of the First National Bank of Downs, Kans., were closed January 23, 1892, by the national-bank examiner, upon discovering that the bank was insolvent. Bad management, frequent irregularities, and indications of collusion to violate the law were apparent, and the information was promptly reported to the United States attorney for that district. On or about the date of organization the assets of another bank were purchased, a considerable portion of which proved to be worthless; accommodation notes were taken to cover up large loans to certain individuals, the paper representing the actual loans being held as collateral. The management was extravagant and the cashier was reckless, his personal reputation being such as not to inspire confidence. Before the doors were closed an effort was made by some of the shareholders to change the management and restore the capital by voluntary assessment, but a large part of the stock being held by nonresidents the attempt was unsuccessful and suspension became inevitable. A dividend of 25 per cent has been declared to creditors. The Bell County National Bank of Temple, Tex., was closed by the national-bank examiner January 30, 1892. The causes necessitating this action were numerous; bad and excessive loans, violations of correct business principles, and the indifference of the directors, permitting the president and cashier to dominate the board, made it comparatively easy to wreck the bank. These officers permitted no interference, and would not allow a duly appointed finance committee to 70 REPORT OF THE COMPTROLLER OF THE CURRENCY. perform its duty. Many of the shareholders were nonresidents and gave their proxies to the president and cashier, who were thus able to elect such directors as they chose. By means of this power the board was reduced in number in order to dispose of a few directors who insisted upon a knowledge of the condition of the bank or were desirous of performing their whole duty. The personal extravagance indulged in by the officers resulted in the discounting of worthless paper prepared for the purpose, the borrowing of money from other banks at high rates of interest, the general welfare of the bank being wholly disregarded. Soon after the receiver took charge, these officers were arrested for violations of law and bound over for trial. The most culpable management was apparent, false entries in the books had been made to conceal misappropriations, and forgery had been resorted to. Dividends amounting to 30 per cent have been paid to creditors. The doors of the First National Bank of Silver City and the First National Bank of Deming, N. Mex., were closed to business on February 4,1892. The same person was president of both banks and represented the entire management, the boards of directors practically exercising no control. For several years he had borrowed the funds of the banks on notes of his own and worthless accommodation paper made by relatives, friends, and clerks, until more than the combined capital of the banks had been obtained for investment in speculative enterprises, such as wild lands, cattle ranches, prospective railroad construction, etc. Fraudulent entries were made on the books and dividends not earned regularly paid to the shareholders, who being mostly nonresidents took no other interest in the management. Charges of embezzlement and misappropriation of funds were promptly placed in the hands of the United States attorney. An assessment of 82 per cent has been levied upon the shareholders of the First National Bank of Deming. Dividends amounting to 25 per cent have been paid to creditors of that bank, and 20 per cent to the creditors of the First National Bank of Silver City. The doors of the Lima National Bank of Lima, Ohio, were closed to business March 1, 1892. From the date of its organization the management of the bank continuously provoked criticism by the Comptroller of the Currency for apparent violations of the restrictive provisions of the law. The president, possessing considerable wealth and business sagacity, was the principal promoter of a number of local and foreign enterprises, and diverted the funds of the bank to his individual uses. At times he would crowd paper, based on these outside schemes, into the bank to the almost entire exclusion of other and legitimate loans. Accommodation notes of clerks and other employes were resorted to, until the president's methods became a matter of public notoriety. The depositors necessarily lost confidence, and deposits were withdrawn to such an extent as to force the bank to rediscount all its good paper. When this crisis was reached an attempt was made to place the bank in voluntary liquidation, but failed because it was impossible at the time to realize from the assets the necessary funds for the prompt payment of creditors. A sharp run, which exhausted nearly all the cash on hand, precipitated its closing. Dividends amounting to 50 per cent have been paid to creditors. The doors of the Cherryvale National Bank of Cherryvale, Kans., were closed June 10, 1892, by a national-bank examiner acting under instructions from the Comptroller of the Currency. For some time the management of the bank had subjected it to criticism, and upon an examination made in December, 1891, its condition was unsatisfactory and the capital was found to have become impaired. An assessment was REPORT OF THE COMPTROLLER OF THE CURRENCY. 71 ordered by the Comptroller, the management taking exception, insisting that there was no impairment and requesting a reexarnination. The request was granted, but the result still showing an impaired capital, the Comptroller insisted upon the payment of the assessment, and shortly after the cashier made oath that it had been fully paid. A subsequent examination disclosed the fact that the assessment had not, in fact, been paid, whereupon the examiner was instructed to take charge. The condition of the bank was mainly due to the reckless management of the president, who for his own use discounted worthless accommodation notes. A strenuous effort was made to prevent a receivership by inducing creditors to accept obligations other than cash for their claims. Inasmuch as the assets of the bank were not sufficient to even permit of voluntary liquidation, no proposition other than immediate payment of creditors in full could be entertained. The president and cashier were afterwards arrested for embezzlement, perjury, and false entries in the books, and bound over for trial. The doors of the First National Bank of Eockwall, Tex., were closed by the national-bank examiner June 11,1892. A former president of the bank, who was the original promoter, was engaged in wild speculations during his incumbency, and through loans to men of straw, for his own use, absorbed the capital and earnings of the bank. Haying accomplished this result, he sought other fields of operation, leaving the bank in such a crippled condition that a new management found it impossible to place it on a solvent footing. The amount of deposits had become insignificant, being at date of closing only $6,000, so that current business could not support the bank. The doors of the National Bank of Guthrie, Territory of Oklahoma, were closed by its officers June 13, 1892. Certain information having cOrne to the knowledge of the Comptroller, a national-bank examiner had been directed to make an examination. He arrived on the day the bank suspended business, and found that a receiver had been appointed by a Territorial court. It was claimed that creditors had been paid in full, and therefore the Comptroller had no jurisdiction. It appeared that a receiver had been appointed by the court upon a petition presented in the supposed interest of some of the shareholders who were friendly to the management. The Comptroller appointed a receiver, and a demand for possession of the records and assets of the bank was made and refused. The court maintained that it had jurisdiction in the matter, and up to this time the Comptroller has been unable to place a receiver in charge. The doors of the First National Bank of Erie, Kans., were closed to business June 25, 1892. The failure was due to the payment of exorbitant rates of interest on deposits, and the injudicious manner in which funds of the bank were loaned to officers and directors, who were large borrowers at a lower rate of interest than the bank itself paid for rediscounts. The immediate cause of failure was the large loss on these loans which had been made without proper security. It was developed that the stock held by the officers had been purchased with borrowed money, the stock being pledged as collateral, and that their financial resources had always been very limited. On July 5, 1892, the president of the Yincennes National Bank of Yincennes, Ind., committed suicide. The bank had become insolvent. A national-bank examiner was immediately directed to take charge of affairs and closed the bank on the morning of July 7. For some years prior to insolvency a former president and large shareholder of the bank was connected with firms engaged in grain speculations, and it Digitized forappears FRASER that his successor, the late president, was connected with him 72 REPORT OF THE COMPTROLLER OF THE CURRENCY. in similar speculation. Correspondence was found which connected the president with heavy losses, and it would appear that the cause of failure was his connection with board of trade speculations. Various means were resorted to in using bank funds and considerable ingenuity was exercised in covering up shortages. Successful attempts were made to deceive the national-bank examiner, and it is stated to the Comptroller that there was a systematic misappropriation of funds, which was acquiesced in, or known, to some extent by other officers and employes of the bank. In addition to this, large loans were made without proper security and in violation of law. The bank at one time purchased a large block of its own stock, paying a high premium therefor. An administrator was promptly appointed for the estate of the late president, who immediately offered restitution to the fullest possible extent, it being his desire to make as full a settlement as practicable, without reserve and without litigation. A dividend amounting to 30 per cent has been paid to creditors. The affairs of eight national banks have been closed during the past year and final dividends have been paid to their creditors. Name and location of bank. A sbury Park National Bank, Asbury Park, TS.J First National Bank, Buffalo, N. Y Central National Bank, Chicago, 111 First National Bank, Corry, Pa First National Bank, Dansville, N. Y First National Bank, Muncy, Pa National Bank of Shelbyville, Tenn Vermont National Bank, St. Albans, Vt Date of ap- | Total divi- Proportion pointment of I dends on of interest receiver. principal. paid. July 2,1891 Apr. 22,1882 Dec. 1,1877 Oct. 11,1887 Sept. 8,1887 Feb. 9,1892 Dec. 13,1889 Aug. 9,1883 Per cent. 100. 00 43.50 65.57 92.75 22.1508 100.00 30.177 80.25 Per cent. 100 Out of 4,811 national banks organized since February, 1863, 181, or about-3.76 per cent, have been placed in the hands of receivers. This includes 9 which had previously been placed in liquidation by the shareholders, but upon their failing to pay depositors the Comptroller appointed receivers to wind up their affairs. Of the 181 failed banks 38 have paid creditors in full, principal and interest; 6 have paid principal and a part of the interest, and 13 have paid the principal only. The affairs of 110 of the 181 banks have been finally closed, leaving 70 in process of settlement, of which 16 are virtually closed, with the exception of pending litigation, leaving 54 receiverships in active operation. In one case the receiver was withdrawn and the bank permitted to resume business. The total amount so far paid to creditors of insolvent national banks has been $48,052,938 upon proved claims, amounting to $70,830,366. The amount paid during the year has been $8,103,498, besides $1,320,317 paid for dividends declared prior to November 1,1892, on claims proved since that date. Assessments amounting to $17,925,850 have been made upon shareholders of insolvent national banks under section 5151 of the Eevised Statutes of the United States. From this source the gross collections amount to $7,623,760, of which there has been received during the past year $1,002,351. Suits are pending in some cases. In the Appendix, p. 214, a table will be found showing, under various heads, amounts collected from the assets of each of the 181 insolvent national banks, the amounts disbursed, and the purpose. All moneys and assets are accounted for, and the figures supply all information necessary to the ascertainment of percentages and lt>ss. REPORT OF THE COMPTROLLER OF THE CURRENCY. 73 DIVIDENDS, SEVENTY-TWO IN NUMBER, PAID TO THE CREDITORS OF INSOLVENT NATIONAL BANKS DURING THE PAST YEAR, WITH THE TOTAL DIVIDENDS IN EACH CASE ur TO NOVEMBER 1, 1892. Dividends paid during the year. Date of apName and location of bank. pointment, of receiver. Date. American National Bank of | Arkansas City, Kans J Dec. 20,1890 Dec. 7, 1891 Do Oct. 26, 1892 Yermont National Bank of St.Albans,Vt Aug. 9,1883 Jan. 2, 1892 Do J u n e 6, 1892 Red Cloud National Bank of July 1,1891 Jan. 7, 1892 Red Claud, Nobr Apr. 19, 1892 Do Aug. 1, 1892 Do I Maverick National Bank of ! Boston, Mass I Nov. 2,1891 Jan. 14, 1892 Do Feb. 23, 1892 Do Apr. 14, 1892 Do J u n e 4, 1892 Do Oct. 31, 1892 Pratt County National Bank oi Pratt, Kans Apr. 7,1891 | J a n . 18,1892 Spring Garden National Bank i of Philadelphia, Pa I May 21,1891 Jan. 25, 1892 Do | J u n e 20, 1892 First National Bank of Kansas City, Kans Aug. 17.1891 Jan. 26,1892 National City Bank of Mar- I! shall, Mich June 22,1891 -do . Do Aug. 31,1892 First National Bank of Ellsworth, Kans Feb. 11,1891 Jan. 27, 1892 Do Oct. 22, 1892 First National Bank of Coldwater, Kans Oct. 14,1891 Jan. 28, 1892 National Bank of Shelbyville, Tenn Dec. 13,1889 Feb. 4, 1892 Do .do . Do Apr. 16, 1892 Do Apr. 26, 1892 Ninth National Bank of Dallas, Tex July 16,1891 Feb. 9,1892 Middletown National Bank of Middletown, N. Y Nov. 29,1884 Feb. 15, 1892 Do Feb. 23, 1892 First National Bank of Clearfield, Pa Oct. 7,1891 Feb. 17, 1892 Do Aug. 6, 1892 Corry National Bank of Corrv, Pa Nov. 21,1891 Feb. 18, 1892 Do May 9, 1892 Do Oct. 31, 1892 Central National Bank of Chicago, 111 Dec. 1,1877 Feb. 23, 1892 Cheyenne National Bank of Cheyenne, Wyo i Dec. 5,1891 Mar. 14, 1892 Exchange National Bank of Norfolk, Va Apr. 9,1885 Mar. 22, 1892 Park National Bank of Chicago, 111 July 14,1890 . . . . d o .. First National Bank of Red Cloud, Nebr July 16,1891 Mar. 31, 1892 Spokane National Bank of Spokane Falls, Wash Feb. 3,189.1 . . . . d o .. Do. Sept. 13, 1892 People's National Bank of Fayetteville, N. C Jan. 20,1891 Apr. 15, 1892 First National Bank of Meade Center, Kans | Dec. 24,1890 Apr. 18, 1892 First National Bank of ! Muncy, Pa i Feb. 9,1892 Apr. 19, 1892 Do I Sept. 14, First National Bank of 1892 A noka, Minn Apr. 22,1889 Apr. 22, First National Bank of Corry, 1892 Pa ".. Oct. 11,1887 Apr. 25, City National Bank of Hast1892 ings, Nebr Jan. 14,1891 Apr. 26, 1892 Amount. Total dividends paid dePer cent. positors. Proportion of interest paid depositors. Per cent. Per cent. $47,325.46 23, 664. 70 29, 328.77 24, 091. 56 4, 316. 54 25, 741. 77 17, 295. 86 20 10 2, 045, 983. 72 1, 374, 436. 39 1,111,546.04 372,160. 04 378, 268. 78 40 20 15 5 7 5.75 74.50 80.25 12.50 30 20 12.50 42. 50 62.50 40 60 75 80 85 16, 320. 29 50 70 160, 058. 88 168, 369.14 10 10 10 20 24, 997. 35 i ! 40 50 25 31,009. GQ 23, 257. 33 16, 762. 72 11,197. 96 20 15 70 85 15 10 30 40 8, 394. 62 25 25 11. 500. 00 11. 299. 66 11,450.00 8, 412. 31 14,147. 34 8.14 8 8.11 5.927 15 8.14 16.14 24 25 30.177 15 65,127. 02 65,127. 02 90 100 28,189. 96 36, 259.14 25 50 155, 420. 72 53. 650. 68 53, 907.52 16, 687. 02 62, 209. 84 144,329.90 32, 570. 98 30 10 10 5.57 25 30 40 50 65.57 25 5 14.09 100 5,492.06 20 20 74, 200.07 211, 019.81 20 55 35 90 17,170.14 15 35 5, 552.81 30 30 68, 464. 72 100 1, 305. 66 100 100 10, 811.28 4, 788. 31 14, 741.14 10 2.75 15 92.75 30 100 100 74 REPORT OF THE COMPTROLLER OF THE CURRENCY. DIVIDENDS, SEVENTY-TWO IN NUMBER, PAID TO THE CREDITORS OF INSOLVENT NATIONAL BANKS DURING THE PAST YEAR, ETC.—Continued, Dividends paid during the year. Date of apName and location of bank. pointment of receiver. First National Bank of Belleville, Kans Second National Bank of MePherson, Kans Madison National Bank of Madison, S. Dak First National Bank of Dansville,N.Y First National Bank of Wilmington. N. C 1)0 Lima National Bank of Lima, Ohio California National Bank of San Diego, Cal Do. Do Asbnry Park National Bank of Asbury Park, N. J German-American National Bank of Washington, D. C. Pacific National Bank of Boston, Mass First National Bank of Palatka,Fla First National Bank of Anderson, Ind Bell County National Bank of Temple, Tex Harper National Bank of Harper, Kans Vincennes National Bank of Vincennes, Ind State National Bank of Wellington, Kans Do Keystone National Bank of Philadelphia, Pa First National Bank of Erie, Kans First National Bank of Deining,N.Mex * First National Bank of Silver City,N.Mex First National Bank of Downs, Kans Total. Date. Amount. Per cent. Total dividends paid depositors. Proportion of interest paid depositors. Per cent. Per cent. Dec. 12,1890 Apr. 26,1892 70 $4, 577.32 15 Mar. 25,1891 . . . . d o 7,338. 07 20 20 June 23,1888 Apr. 28,1892 7, 621. 79 15 30 Sept, 8,1887 May 13,1892 46, 545.88 22.1568 22.1568 Dec. 21,1891 May 19,1892 Aug. 15,1892 75, 620.82 77,852. 63 15 15 15 30 Mar. 21,1892 May 26,1892 54, 075.92 50 50 Dec. 18,1891 June 7,1892 Aug. 31,1892 Oct. 31,1892- 63,856. 93 71,633.83 73,564.99 10 10 10 10 20 30 8,753. 21 100 100 July 2,1891 June 30,1892 Nov. 1,1878 . . . . d o 18,502.18 May 22,1882 July 11,1892 71, 913. 83 3 Aug. 7,1891 J u l y 28,1892 91, 542. 81 35 Nov. 23,1873 July 30,1892 5, 028. 30 Feb. 19,1892 Aug. 18.75 3.50 68. 70 64 35 42 1,1892 6, 814.19 30 Feb. 10,1890 Sept. 26,1892 4, 381. 38 20 July 22,1892 Sept. 29,1892 63, 094. 60 30 Sept. 25,1890 Oct. 4,1892 Oct. 31,1892 14, 280. 21 4,152. 01 25 May 9,1891 Oct. 15,1892 151, 674.70 10 10 July 2,1892 Oct. 26,1892 23,420.70 70 70 Feb. 29,1892 Oct. 31,1892 33, 617.49 25 25 ....do ....do 16, 526. 23 20 20 6,1892 . . . . d o 8, 745.57 25 25 Feb. 30 100 100 100 8,103,498. 28 INACTIVE RECEIVERSHIPS. Sixteen banks remain in the hands of receivers, the affairs of which are practically wound up, and the trusts are kept on the inactive list because of pending litigation or of the possession of assets, an immediate disposition of which would entail unnecessary sacrifice. The expenses of a trust in this condition are nominal and limited to what is actually necessary to proper and careful attention to the matters in abeyance. Titles to property pass through a receiver and the courts, but final dividends are sometimes paid from the office of the Comptroller, especially in the event of a considerable lapse of time after a receiver has realized upon all available assets. By comparison with the report of 1891 it will be observed that only two of the banks then reported on the inactive list have been stricken out. In two other cases the receiverships will be terminated within thirty days. It is expected that the unsettled affairs of other banks in the list will REPORT OF THE COMPTROLLER OF THE CURRENCY. 75 be disposed of witliin the next year and the receiverships formally terminated. The following is a list of receiverships in an inactive condition: ISTaine and location of bank. First National Bank, Albion, N. Y First National Bank, Anderson, Ind Third National Bank, Chicago, 111 First National Bank of Union Mills, Union City, Pa German-American National Bank, Washington, D. C First National Bank, Monmoufch, 111 Mechanics' National Bank, Newark, N. J First National Bank, Livingston, Mont First National Bank, Pine Bluff, Ark First National Bank, Leadville, Colo. First National Bank, St. Albans, Vt . First National Bank,, Sioux Falls,,S. Dak Fifth National Bank, St. Louis, Mo Middletown National Bank, Middletown, N. Y Commercial National Bank, Dubuque, Iowa Gloucester City National Bank, Gloucester City, N. J Date of appointment of receiver. Dividends paid. Fer cent. 28.50 Aug. 26,1884 Nov. 23,1873 39.50 I Nov. 24,1877 *100 Mar. 24, 1883 70 Nov. 1, 1878 50 | Apr. 22,1884 *100 | Nov. 2, 1881 67.405 i Aug. 25,1884 95 j Nov. 20,1886 45 1884 40 Apr. 22, 1884 25 Mar. li, 1886 40 I Nov. 15,1887 96 I Nov. 29,1884 100 Apr. 2, 1888 50 June 10, 1890 40 *And interest. The total number of national banks organized since February 25, 1863, is 4,811, of which 3,788 are now in operation, 1,023 having passed out of the system, accounted for as follows: Passed into voluutary liquidation to wind up their affairs Less number afterward placed in the hands of receivers 671 9 Passed into liquidation for purpose of reorganization Passed into liquidation upon expiration of corporate existence * Placed in hands of receivers 662 80 102 181 Less number restored to solvency and resumed business Total passed out of system 1,025 2 1,053 LEGISLATION. During the past year provision was made by Congress, in an act approved May 12, that any national bank located in the city of Chicago and State of Illinois might be designated by the World's Columbian Exposition to conduct a banking office upon the Exposition grounds, such designation to be approved by the Comptroller of the Currency, and the branch bank to be subject to the same restrictions and to have the same rights as the bank to which it belongs. The Chemical National Bank of Chicago was designated October 18, 1892. The text of the act is as follows: That any national bank located in the city of Chicago and State of Illinois may be designated by the World's Columbian Exposition to conduct a banking office upon the Exposition grounds, and upon such designation being approved by the Comptroller of the Currency, said bank is hereby authorized to open and conduct such office as a branch of the bank, subject to the same restrictions and having the same rights as the bank to which it belongs: Provided, That the branch office authorized hereby shall not be operated for a longer period than two years, beginning not earlier than July first, eighteen hundred and ninety-two, and closing not later than July first, eighteen hundred and ninety-four. * Sixty of these have been reorganized. 76 REPORT OF THE COMPTROLLER OF THE CURRENCY. Under the act approved July 28, provision was made for the redemption of certain national-bank notes which had been issued to, or received by, any national bank, but were either lost or stolen from the bank and put in circulation without signature by the officers or upon forged signatures. The text of the act is as follows: That the provisions of the Revised Statutes of the United States, providing for the redemption of national-bank notes, shall apply to all national-bank notes that have been or may be issued to, or received by, any national bank, notwithstanding such notes may have been lost by or stolen from the bank and put in circulation without the signature or upon the forged signature of the president or vice-president and cashier. In the Comptroller's report for 1890 comments were made upon the provisions of section 3 of the act approved June 30, 1876, affecting the rights of shareholders of an insolvent national bank after creditors had been paid in full, principal and interest, under a receivership. In a few cases shareholders had declined to elect an agent, and there seemed to be no means for distributing cash on deposit with the Treasurer of the United States for the benefit of the trust among shareholders by the payment of dividends. There were othfer difficulties in the application of the law with respect to title to real property passing through an agent, legal questions arising which provoked litigation. The amendment, which is in fact in full substitution of the entire section referred to, is as follows: That section three of an act entitled "An act authorizing the appointment of receivers of national banks, and for other purposes, approved June thirtieth, eighteen hundred and seventy-six," is hereby amended so as to read as follows: " SEC. 3. That whenever any association shall have been or shall be placed in the hands of a receiver, as provided in section fifty-two hundred and thirty-four and other sections of the Revised Statutes of the United States, and when, as provided in section fifty-two hundred and thirty-six thereof, the Comptroller of the Currency shall have paid to each and every creditor of such association, not including shareholders, who are creditors of such association, whose claim or claims as such creditor shall have been proved or allowed as therein prescribed, the full amount of such claims, and all expenses of the receivership and the redemption of the circulating notes of such association shall have been provided for by depositing lawful money of the United States with the Treasurer of the United States, the Comptroller of the Currency shall call a meeting of the shareholders of such association by giving notice thereof for thirty days in a newspaper published in the town, city, or county where the business of such association was carried on, or if no newspaper is there published, in the newspaper published nearest thereto. At such meeting the shareholders shall determine whether the receiver shall be continued and shall wind up the affairs of such association, or whether an agent shall be elected for that purpose, and in so determining the said shareholders shall vote by ballot in person or by proxy, each share of stock entitling the holder to one vote and the majority of the stock in value and number of shares shall be necessary to determine whether the said receiver shall be continued or whether an agent shall be elected. In case such majority shall determine that the said receiver shall be continued, the said receiver shall thereupon proceed with the execution of his trust and shall sell, dispose of, or otherwise collect the assets of the said association, and shall possess all the powers and authority, and be subject to all the duties and liabilities originally conferred or imposed upon him by his appointment as such receiver, so far as the same remain applicable. In case the said meeting shall by the vote of the majority of the stock, in value and number of shares, determine that an agent shall be elected, the said meeting shall thereupon proceed to elect an agent, voting by ballot, in person or by proxy, each share of stock entitling the holder to one vote, and the person who shall receive votes representing at least a majority of stock in value and number shall be declared the agent for the purposes hereinafter provided, and whenever any of the shareholders of the association shall, after the election of such agent, have executed and filed a bond to the satisfaction of the Comptroller of the Currency, conditioned for the payment and discharge in full of each and every claim that may thereafter be proved and allowed by and before a competent court, and for the faithful performance of all and singular the duties of such trust, the Comptroller and the receiver shall thereupon transfer and deliver to such agent all the undivided or uncollected or other assets of such associa REPORT OF THE COMPTROLLER OF THE CURRENCY. 77 tion then remaining in the hands or subject to the order and control of said Comptroller and said receiver, or either of them; and for this purpose said Comptroller and said receiver are hereby severally empowered and directed to execute any deed, assignment, transfer, or other instrument in writing that may be necessary and proper, and upon the execution and delivery of such instrument to the said agent the said Comptroller and the said receiver shall by virtue of this act be discharged from any and all liabilities to such association, and to each and all the creditors and shareholders thereof. Upon receiving such deed, assignment, transfer, or other instrument; the person elected such agent shall hold, control, and dispose of the assets and property of such association which he may receive under the terms hereof, for the benefit of the shareholders of such association, and he may in his own name, or in the name of such association, sue and be sued, and do all other lawful acts and things necessary to finally settle and distribute the assets and property in his hands, and may sell, compromise, or compound the debts due to such association, with the consent and approval of the circuit or district court of the United States for the district where the business of such association was carried on, and shall at the conclusion of his trust render to such district or circuit court a full account of all his proceedings, receipts, and expenditures as such agent, which court shall, upon due notice, settle and adjust such accounts and discharge said agent and the sureties upon said bond. At such meeting, held iis hereinbefore provided, administrators or executors of deceased shareholders may act and sign as the decedent might have done if living, and guardians of minors and trustees of other persons may so act and sign for their ward or wards or cestui que trust. The proceeds of the assets or property of any such association which may be undistributed at the time of such meeting or may be subsequently received shall be distributed as follows: "First. To pay the expenses of the execution of the trust to the date of such payment. " Second. To repay any amount or amounts which have been paid in by any shareholder or shareholders of such association upon and by reason of any and all assessments made upon the stock of such association by the order of the Comptroller of the Currency in accordance with the provisions of the statutes of the United States; and " Third. The balance ratably among such stockholders in proportion to the number of shares held and owned by each. Such distribution shall be made, from time to time, as the proceeds shall be received and as shall be deemed advisable by the said Comptroller or said agent." LEGAL DECISIONS. A digest of prominent national-bank cases up to date will be found in the Appendix, p. 95. This digest has become necessary in view of considerable inquiry by the general public, and it affords a convenient and ready source of reference to every national bank. It is not practicable to include the syllabus of every decision affecting a national bank, and generally those which are not an exposition of United States statutes are excluded. Much interest has been evinced during the past few years by bank officials and the general public as to the duty of directors, and the Supreme Court of the United States recently determined that the directors of a national bank must exercise ordinary care and prudence in the administration of the affairs of the bank, and this includes something more than officiating as figureheads; that they are entitled under the law to commit the banking business as defined to the duly authorized officers, but are not absolved from the duty of reasonable supervision, nor permitted to be shielded from liability because of want of knowledge of wrongdoing, if that ignorance is the result of gross inattention. CLEARING-HOUSE ASSOCIATIONS. In our smaller cities it is the custom of banks to send all claims against other banks in the same place by runners or messengers to such banks for payment. In such manner are their exchanges consummated, and in such cases the payment of these claims represents a 78 REPORT OF THE COMPTROLLER OF THE CURRENCY. money transaction. In our larger cities, in order to save time and labor and avoid the risk attendant upon the transporting of money about the streets, and minimize the amount of actual money required to adjust its exchanges, clearing-house associations have been established, wherein each bank is credited with what claims it has against the other members of the association, and debited with the amount that each of the other members of the association hold against it. The balance only is paid or received in money. Thus each bank adjusts its day's exchanges, as though all transactions were with one bank instead of with many banks which constitute the other members of the association. The total clearing-house transactions in the fifty-seven clearing-house associations in the United States for the past year aggregate the enormous sum of $61,017,839,067, and this great volume of business was transacted by the use of only about 8 per cent in currency or money. These clearing-house transactions have such a direct and important bearing upon the currency of the country that a report upon the currency would be incomplete that did not include the history of the clearing-house transactions for a year. For that reason the following tables, giving full information upon the subject, are submitted. TRANSACTIONS OF THE NEW YORK AND OTHER ASSOCIATIONS. CLEARING-HOUSE The present membership of the New York Clearing-House Association comprises 46 national banks, 18 State banks, and the subtreasury at New York, 65 members in all. There are 48 national and 46 State banks in New York City, and 2 national and 28 State banks not being members, clear through other banks which are members of the association. The following information with respect to the operations of the clearing-house associations in the United States has been kindly furnished, upon request, by Mr. William Sherer, manager of the Clearing-House Association at New York City: COMPARATIVE STATEMENT FOR TWO YEARS OF THE TRANSACTIONS OF THE NEW YORK CLEARING HOUSE, SHOWING AGGREGATE AMOUNT OF CLEARINGS, AGGREGATE BALANCES, AND THE KINDS AND AMOUNTS OF MONEY PASSING IN SETTLEMENT OF THESE BALANCES. Kinds of money and amount of each kind. Year ended— Percentages Treasury to balances certificates Legal for legal U.S. U. S. gold Treasury tenders, sec. tenders minor Gold Legal certificates. notes.* 5193, IT. S. andcoin. certifi tenRevised cates. ders. Statutes. j Aggregate | clearings. Dollars. Dollars. Dollars, Dollars. Dollars. Dollars. 435, 000 353,510, 000 100,247,500 64.9+135.1Oct. 1,1891.. 34, 053, 698, 770 1., 584, 635, 500 ! l, 028,443, 000:102,435. 971, 000 483, 350, 000 229,157, 000 42. 5 57.5 36, 279, 905,2361. ,861,500,5751 791,022,000 357, Oct. 1,1892.. Increase.. 2,226,206,466 Decrease.. 276,865,0751 J255,536, 000. 129, 840, 000|128,909, 500| 237,421,000 ! *United States Treasury notes are issued in pursuance of the provisions of the act of Congress directing the purchase of silver bullion and the issue of Treasury notes thereon, approved J u l y 14, 1890. They are payable on demand in coin. EEPOUT OF THE COMPTROLLER, OF THE CURRENCY. 79 The following is a comparative statement of transactions of the York clearing-house for thirty-iiine years and shows for each year the number of banks, aggregate capital, clearings and balances, average of the daily clearings and balances, and the percentage of balances to clearings: Year. N o . of banks. Capital.* Clearings. Balances paid in money. Average daily clearings. Average Baldaily bal- ances to ances paid clearin money. ings. Per ct. 1854 1855 1856 1857 1858 1859 1860 1861, 1862, 1863 1864 1865 1866, 1867. 1868 1869 1870 1871 1872, 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892....... Total 50 48 50 50 46 47 50 50 50 50 49 55 58 58 59 59 61 62 61 59 59 59 59 ' 58 57 59 57 60 61 63 61 64 63 64 63 63 64 63 64 $47,044,900 48, 884,180 52,883, 700 64,420, 200 67,146, 018 67,921,714 69,907,435 68, 900, 605 68, 375, 820 68,972,508 68,586, 763 80,363, 013 82, 370, 200 81,770, 200 82,270,200 82,720,200 83, 620, 200 84,420,200 84,420,200 83,370,200 81, 635, 200 80, 435, 200 81, 731, 200 71,085, 200 63, 611, 500 60, 800, 200 60,475,200 61,162, 700 60, 962,700 61,162,700 60,412,700 58, 612, 700 59, 312, 700 60, 862, 700 60,762, 700 60, 762, 700 60, 812, 700 60, 772, 700 68, 233, 500 $5, 750,455, 9*7 5, 362, 912, 098 6, 906, 213, 328 8, 333, 226,718 4, 756. 664, 386 6,448,005, 956 7, 231,143,057 5, 915, 742, 758 6, 871,443, 591 14, 867,597, 849 24,097,196, 656 26,032,384, 342 28,717,146,914 28, 675,159, 472 28,484, 288, 637 37,407, 028,987 27, 804,539,406 29, 300, 986, 682 33, 844, 369, 568 35,461,052, 826 22, 855,927,636 25,061,237,902 21, 597, 274,247 23, 289, 243, 701 22, 508, 438,442 25,178,770, 691 37,182,128, 621 48,565, 818, 212 46, 552, 846,161 40, 293,165,258 34,092, 037. 338 25, 250, 79li 440 33, 374, 682,216 34,872,848, 786 30, 863, 686, 609 34,796,465,529 37, 660, 686,572 34,053, 698, 770 36,279,905, 236 $297,411,494 289,694,137 334,714, 489 365,313, 902 314, 238,911 363, 984, 683 380, 693,438 353, 383, 944 415,530, 331 677,626,483 885, 719,205 1, 035, 765,108 1,066,135,106 1,144, 963,451 1,125,455, 237 1,120, 318, 308 1,036,484, 822 1, 209, 721,029 1,428,582, 707 1,474,508,025 1, 286, 753,176 1,408, 608, 777 1,295,042,029 1, 373,996, 302 1, 307, 843, 857 1,400, 111, 063 1, 516, 538, 631 1,776,018,162 1,595,000, 245 1, 568, 983,196 1, 524, 930, 994 1,295, 355, 252 1,519, 565, 385 1,569,626, 325 1, 570,198, 528 1, 757, 637,473 1, 753,040,145 1,584, 635, 500 1,861,500, 575 t68, 515, 265 +986, 597, 212,585 1244,285,630,425 $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, 682 48,428, 657 77, 984, 455 84,796, 040 93, 541,195 93,101,167 92,182,164 121,451, 393 90, 274,479 95,133,074 109, 884, 317 115, 885,794 74, 692, 574 81, 899,470 70, 349,428 76, 358.176 73,555, 988 82,015, 540 121,510,224 159, 232,191 151, 637,935 132,543, 307 111, 048, 982 82,789, 480 109,067, 589 114,337,209 101,192,415 114,839, 820 123, 074,139 111, 651,471 118, 561,782 $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, C42, 250 3, 637,397 3, 365, 210 3,927, 666 4, 636, 632 4, 818, 654 4, 205,076 4, 603, 297 4, 218, 378 4, 504, 906 4, 274, 000 4, 560, 622 4,956,009 5, 823, 010 5,195, 440 5,161,129 4,967, 202 4, 247,069 4, 965,900 5.146, 316 5,148,192 5, 800, 784 5,728, 889 5,195,526 6, 083, 335 t82,470, 719 t3,701, 883 5.2 5.4 4.8 4.4 6.6 5.6 5.3 6.0 6.0 4.6 3.7 4.0 3.7 4.0 4.0 3.0 3.7 4.1 4.2 4.1 5.7 5.6 5.9 5.9 5.8 5.6 4.1 3.5 3.4 3.9 4.5 5.1 4.5 4.5 5.1 5.0 4.7 4.6 5.1 4.4 * The capital is for various dates, the amounts at a uniform date in each year not being obtainable. t Yearly average for 39 years. \ Totals for 39 years. The clearing-house transactions of the assistant treasurer of the United States at New York for the year ended October 1,1892, were as follows : Exchanges received from clearing house Exchanges delivered to clearing house Balances paid to clearing house $330, 904,236.19 124, 324, 688.45 206, 579,547.74 The balances were paid to the clearing house as follows: United States gold certificates United States Treasury notes Legal tenders and change $83, 355,000.00 75,275,000.00 47,949,547.74 206,579,547.74 80 KEPORT OF THE COMPTROLLER OF THE CURRENCY. COMPARATIVE STATEMENT OF THE EXCHANGES OF THE CLEARING HOUSES OF THE UNITED STATES FOR OCTOBER, 1892, AND OCTOBER, 1891. Exchanges for month ended— Comparisons. Clearing house at— New York Boston Chicago Philadelphia St. Louis San Francisco Baltimore Pittsburg Cincinnati Galveston Kansas City New Orleans Minneapolis Buffalo Milwaukee Detroit Louisville Houston Providence St. Paul Cleveland Denver Omaha Indianapolis Memphis Columbus Dallas Nashville Hartford Portland, Oregon .. Fort Worth Duluth Peoria Washington, D. C . St. Joseph New Haven Salt Lake City Rochester Toledo Springfield Worcester Portland, Me Norfolk Tacoma Lowell Grand Rapids Sioux City Syracuse Seattle Los Angeles Wilmington Lincoln Des Moines Chattanooga Wichita New Bedford Lexington Topeka Waco Birmingham Binghamton Total Decrease. October, 1892. October, 1891. $3,078, 486, 836 $3,282,109, 628 455,197, 952 421. 521,165 { 311, 008, 476 I 104,433,739 j 83,146, 980 63, 803,117 63,546, 001 60, 666, 500 i 26, 216. 521 j 46,745, 573 J 46,079,497 \ 43,743,000 j 37, 663, 594 j 34,251,767 I 30,632,199 t 29,481,919 I 14, 376, 525 j 29, 730, 600 t 24,710,213 I 24, 370, 375 | 21,049,891 j 19,970, 064 I 8,545,637 | 14,888,842 i 14,834,300 i 3,405,639 ! 8, 612, 467 9,810,106 12, 923, 924 2, 414, 857 8, 327, 647 8,149,047 7, 267, 251 7, 426, 701 7,114, 966 6, 649, 649 6, 550, 919 No report 456, 632, 613 465, 469. 612 345, 878, 910 106, 999, 568 76,149. 857 67,102, 981 67,455, 887 72,132, 800 19, 042, 990 50,166,415 43,711,182 49,144, 000 39, 245, 547 36, 604, 539 34, 673,510 35, 244,430 14,425, 053 28,961,400 25, 731, 606 26,889,361 21, 645, 860 27, 941, 513 5, 224, 217 9, 339, 621 17, 086.100 3,958, 752 8,453, 404 9, 667, 288 11, 301, 793 2,425,302 8, 770, 000 8,802,115 9, 981,491 8,810, 255 6, 869, 702 7, 636, 000 7, 262, 523 N o report 6,410,110 6 127,397 6,203, 940 4,104, 000 5, 789, 716 3, 460, 764 4,877,645 5, 560, 237 4,405,380 4, 614, 845 3,182, 882 4, 380,090 3, 095, 803 5,410,147 2,025,000 2, 286, 083 2,940, 015 2, 264, 656 1,948, 667 2,419, 884 2, 268, 505 1,284,500 6,104, 861 5, 875,876 5, 847, 287 5,819, 963 5, 044, 413 4,479, 509 j 4,490,406 4,422, 626 4, 056, 694 4, 068,139 3,778,837 3, 700, 603 2,474, 524 4, 338, 791 1, 800,000 2,471, 072 2,491, 823 1, 998, 968 1, 899, 204 4, 736, 581 2,447,574 1,131, 000 5, 400,385,099 j 5,484, 855, 999 | 5,400,385,099 84,470, 900 Increase. Decrease 3, 622, 792 $1, 43, 34, 2, 434, 661 948, 447 870, 434 565, 829 6, 997,123 3, 299, 864 3, 909, 886 11, 466, 300 7,173, 531 3, 420, 842 2, 368,315 5, 401, 000 1,58J, 953 2, 352, 772 4,041,311 5, 762, 511 48,528 |. 769, 1,021, 393 2,518,786 595,969 7,971,449 200 J. L !. i. 3, 32.1, 420 5, 549, 221 2,251,800 I. 553,113 !. 159,063 142, 818 1, 622,131 10, 445 442, 353 653, 068 2,714, 240 1, 383, 554 245, 264 986,351 !. 711,604 I. * 305, 249 L 251,521 I. 356,653 L 1,715, 963 745,303 1,01.8," 745 387,239 1,137,611 348,686 546,706 ! ! ! j 595,955 679,487 621,279 1,071, 356 225,000 184, 989 2,316, 697 179,069 153,500 | 153,511, 396 237, 982, 296 153,511,396 84,470,900 81 REPORT OF THE COMPTROLLER OF THE CURRENCY. COMPARATIVE STATEMENT OF THE EXCHANGES OF THE CLEARING HOUSES OF THE UNITED STATES FOR WEEKS ENDED OCTOBER 29, 1892, AND OCTOBER 29,1891. Exchanges for week ended— Comparisons. Clearing house at— October 29,1892.1 October 29,1891, New York Boston Chicago Philadelphia. St. Louis.. San Francisco Baltimore Pittsburg Cincinnati Galveston Kansas City New Orleans Minneapolis Buffalo Milwaukee Detroit Louisville Houston Providence St. Paul Cleveland Denver Omaha Indianapolis Memphis Columbus Dallas Nashville Hartford Portland, Oregon . Tort Worth Duluth Peoria Washington, D. 0 . St. Joseph New Haven Salt Lake City Rochester Toledo Springfield Worcester Portland, Me Norfolk Tacoma Lowell Grand Rapids Sioux City Syracuse Seattle Los Angeles Wilmington Lincoln Des Moines Chattanooga Wichita New Bedford Lexington Topeka "Waco Birmingham Binghamton, $760, 238,112 $687,083, 289 $73,154,823 107,151, 050 96,413, 335 10, 737, 715 110, 073, 508 89, 692,167 20, 381,341 86, 062, 551 66, 456, 330 19, 606,221 25, 236, 256 21, 865, 936 3 370,320 17, 812,109 19, 367,197 13, 588, 762 14, 820, 845 1 232, 083 13, 622, 345 16,426, 617 2 804, 272 13, 200,800 15, 613, 000 2,412 200 4, 585,160 4, 724, 801 12, 373, 461 10,313,166 2,060,295 9, 518, 234 10, 610,135 10, 215, 840 9, 247, 600 968. 240 8,165, 882 8, 269,498 9, 306, 432 7, 568,920 1 737, 512 7,435,151 6,661,509 773, 642 7,872, 767 6,190,003 1 682, 764 3, 709,155 2,708, 067 1 001, 088 7, 057,100 7,148, 400 6, 212, 999 5, 221,444 988 555 6, 284,120 4,920,158 1 363 962 5,176, 751 4, 327,932 848 819 7,165,480 4, 763, 303 2 402 177 1,171, 639 2,266, 672 3,782,114 2, 597, 806 3,155, 400 3, 937, 300 781,900 1, 000, 000 784, 597 215, 403 1, 957, 683 1, 793, 038 164, 645 1, 809, 902 2, 208, 747 398,845 2,249,817 2,441, 339 191, 522 502,498 584, 843 82,345 1, 769, 912 2,100,000 330, 088 1, 699, 396 2,126, 766 427, 370 1,445,494 2, 381, 918 936,424 1,600, 000 1,946, 281 346, 281 1, 299,024 1,478, 499 179,475 1.446,480 1, 676,950 230,470 1, 356,152 1, 894,367 53*8, 215 N o report N o report 1,403, 353 1,235,164 168,189 1,217, 500 1, 371,974 154,474 1, 323,802 1,467, 735 143, 933 1,354, 838 992,059 993,909 1,478, 576 484, 667 884.575 826,429 817,782 1,035,827 218, 045 957,978 1, 336. 907 378, 929 847, 037 939, 800 92, 763 749,421 1,097,084 347, 663 978,200 652, 892 746, 893 1, 039, 665 292,772 519, 560 600,000 80,440 874,139 887,453 13, 314 474,200 367, 000 107, 200 499, 933 531,344 474, 757 380,892 93,865 431,654 " 424,354 7,300 418,204 385,407 32, 797 834,947 1, 320, 797 553, 082 572, 996 334,300 238,300 '6, 000 1,207,167,549 1,058,650,481 Total. Increase. 9647 Increase. 148,517,068 6 1,058, 650,481 155, 061. 363 6,544, 295 148,517,068 Decrease. $1, 555,088 139, 641 1, 091,90i 91,300 1,095,033 1,184, 308 362, 779 "58,"i46 325,308 31,411 485, 850 19, 914 6, 544,295 82 •REPORT OF THE COMPTROLLER OF THE CURRENCY. The following table shows the transactions of the clearing houses located in fifty-seven cities for the year ended September 30, 1892, from official returns received from the manager of the New York ClearingHouse Association, comparisons being made with the year ended September 30, 1891, the increase or decrease in the exchanges being indicated : COMPARATIVE STATEMENT OF THE EXCHANGES OF THE CLEARING HOUSES OF THE UNITED STATES FOR YEARS ENDED SEPTEMBER 30, 1892, AND SEPTEMBER 30, 1891. Exchanges for years endedClearing-house at- New "York Boston , Chicago Philadelphia St. Louis San Francisco Baltimore Pittsburg Cincinnati Oxalveston Kansas City New Orleans Minneapolis Buffalo Milwaukee Detroit Louisville Houston Providence St. Paul Cleveland Denver Omaha Indianapolis Memphis Columbus Dallas Nashville Hartford Portland, Oregon. Fort Worth Duluth Peoria Washington, D. C. St. Joseph New Haven Salt Lake Rochester Springfield Worcester Portland, Me Norfolk Tacoma Lowell..... Grand Rapids Sioux City Syracuse Seattle Los Angeles Wilmington Lincoln Des Moines Chattanooga Wichita New Bedford Lexington Topeka Total. September 30, 1892. September 30, 1891. $36,279, 905,236 $34,053,698, 770 4, 901, 096,976 4,795,594,052 959, 861,142 4,338, 693,167 3,372, 915, 551 3, 671, 149,047 1,124,330,218 1,211, 370,719 905, 864,727 833, 617,126 724, 710, 877 772, 435,133 699, 447, 762 743, 635,356 655, 896, 900 711,350 728, 304,153, 201 276, 252,495 451,745,355 494, 906,132 931, 005 532,110,103 343,247, 803 427, 287, 201 386, 012, 271 409, 405,192 338, 884, 381 353, 849,753 310,737,141 347, 737, 532 367, 501,443 163,893, 754 102, 715, 466 276,980, 218 280, 637, 800 227, 802,173 271, 350, 612 264, 540,195 287, 324, 716 228, 393,982 259, 519, 344 218,446, 893 271,668,937 103, 555, 836 118,636,627 127, 310, 0}4 ]40, 387, 378 157, 559, 500 177,384, 700 53, 267, 730 49, 298, 231 79, 833,817 *96,295,409 104,306, 617 109, 746, 541 70,416, 974 *108, 903,862 37,042,947 28, 841, 335 102, 676, 553 93, 413,428 88, 619, 276 95, 873,112 88,173,984 98,005, 354 77, 661,162 89,814, 345 70, 343,940 74,492,129 80,845,166 89,463, 682 75,7«1, 369 77,594, 997 63,624, 286 68, 875, 781 61, 714, 694 64,732, 396 63, 512, 780 62,605,687 56, 710, 906 52,409, 229 50, 383. 690 47,154, 237 41,114^ 780 42, 736,155 42,265,678 48, 622,342 50, 557, 862 54,367,936 44,904,345 47, 687, 537 51,945,910 52, 386, 734 40, 027, 896 37, 097,422 44,573,069 42,482, r 32, 235,901 28, 237,989 38, 290, 778 49, 972, 363 17, 872, 000 *22, 684, 000 27, 849, 364 27, 566,186 23, 282, 932 24,138,424 16, 581,941 *24,352,938 19,921,416 20, 512,044 Decrease. Increase. !, 226,206, 466 105,502, 924 621,167,975 298, 233,496 87,040,501 $72, 247, 601 47, 724, 256 44,187, 594 72,814, 450 162,167, 335 43,160, 977 "43,179,098 84, 039, 398 23,392,921 14, 965, 372 37, 000, 391 1,197, 369 3, 657, 582 43, 548, 439 22, 784, 521 31,125, 362 53,222,044 15, 060, 791 13,077, 364 19,825, 200 16, 461, 592 5, 439, 92*4 38,486, 888 f\ 3, 836,491, 783 * For nine months, 61,178, 288 3,969,4G9 8, 201, 612 9,263,125 7,253, 836 9, 831, 370 12,153,183 4,148,189 8, 618, 516 1, 813, 628 5,251,495 3,017,702 907, 093 4, 301, 677 3, 229,453 1, 621, 375 6, 356, 664 8, 810, 074 2, 783,192 440, 824 2, 930,474 2, 090,180 3,997, 912 11, 681, 585 4,812, 000 855, 492 7,770,997 590, 628 61,017,839, 067 57,181, 347, 284 4,071,153,113 57,181,347,284 Increase. Comparisons. 234, 661, 330 3, 836,491, 783 283,178 234, 661, 330 83 REPORT OF THE COMPTROLLER OP THE CURRENCY. In 1891 there was a notable decrease in the volume of exchanges, amounting to over $3,000,000. The year 1892 being placed in comparison, there has been an increase of over $3,800,000. CLEARING HOUSE OF THE NEW YORK STOCK EXCHANGE. There was organized on the 17th day of May, 1892, a Stock Clearing House Association in the city of New York, which has since been in very successful operation. The object of this association was to avoid the personal delivery of stocks and enable each broker to adjust his deliveries and receipts of stocks in precisely the same manner as he would do were all his transactions of a day with a single broker, instead of the various brokers belonging to the association. The principle is the same as that which controls the bank clearing house, and the saving in time, labor, risk, and use of money or certified checks is equally as great. The following statement shows the transactions from date of organization to October 31: * Shares cleared both sides. May 17 to October 31,1892 84,808, 800 Date. Total value both sides. $5, 591, 048,200 Share Value balances one share balances side. one side. 9,202,400 $576,110,200 Cash balances one side. $7,661,400 Number stocks cleared. 4 to 16 The practical good accomplished by this exchange is very apparent and the wisdom of its establishment can not be too highly commended. When perfected and extended so as to clear all stocks dealt in upon the exchanges it will practically do away with the evil of overcertification of checks. During, the brief period of its existence it is estimated that it has reduced bank clearing house transactions $1,643,000,000 and avoided certification of checks to that amount. SAVINGS BANKS AND LOAN AND TRUST COMPANIES OF THE DISTRICT OF COLUMBIA. By act of Congress certain financial institutions, other than national banks, doing business in the District of Columbia, are placed under the supervision of theJComptroller of the Currency, report to him, and are examined precisely the same as national banks. These consist of The National Savings Bank, The National Safe Deposit,Savings and Trust Company, The Washington Loan and Trust Company, and The American Security and Trust Company. A detailed report of their condition on the 30th day of September, 1892, will be found in the Appendix. STATE, SAVINGS, PRIVATE BANKS, LOAN AND TRUST COMPANIES. Conforming to the provision of law that devolves upon the Comptroller of the Currency the duty of obtaining and publishing in his annual report to Congress statements showing the condition of banks and banking institutions incorporated under State authority, the desired information has been procured, through the courtesy of public officials, in all but nineteen States and Territories. Of the States from which no official returns have been received two are located in the 84 REPORT OF THE COMPTROLLER OF THE CURRENCY. Middle, eight in the Southern, and nine in the Pacific and Territorial geographical divisions. To statements received from official sources have been added like information received directly by this Bureau from incorporated and private banks and bankers, located in States in which there are no provisions of law requiring such information to be reported to the State authorities. Over 6,000 such banks and bankers have been called upon to furnish statements for this report. The number of incorporated banks in existence on June 30,1892, was 4,668. The number of banks, statements of whose condition have been received by this Bureau, either directly or by means of their official reports to their respective State governments, showing their condition on or about the close of the fiscal year ended June 30, last, is 4,418, or over 94 per cent of all engaged in business at that time. The increase this year over last in number of reporting banks is 664, the material increase being accounted for, partially, by the fact that in one State (Nebraska) the banking department, in its abstract, included private with incorporated banks. Statements showing the condition of 5,579 incorporated and private banks have been received, the aggregate resources amounting to $3,751,649,173. The principal items of assets are $828,739,486 loans on real estate; $388,749,959 loans on collateral security other than real estate; $984,274,847 other loans and discounts; $154,025,395 United States bonds; $403,224,457 State, county, and municipal bonds; $379,077,437 railroad, bank, and other stocks and bonds; $261,278,559 due from banks and bankers; $97,070,359 real estate, etc.; $197,789,384 cash and cash items. The aggregate capital employed amounts to $386,394,845; surplus and undivided profits, $323,715,176; deposits, $2,911,594,571. . Of the 6,579 reports 3,191 are made by State banks, having an aggregate capital of $233,751,171; surplus and undivided profits $90,358,180; deposits, $648,513,809. The resources of 168 reporting loan and trust companies are $600,244,908; the capital $80,645,972; surplus and undivided profits $61,768,148, and deposits $411,659,996. The condition of the savings banks of the country is* of special interest owing to the enormous volume of funds in their custody, and to the farther fact that these funds are largely the savings of people of linn ited means. Eeports have been received from 1,059 savings institutions, including 416 stock sayings banks, which associations do both a commercial and savings business. Of this number 643 are conducted, presumedly, in the sole interest of the depositors, and are classified as mutual savings banks. The resources of the latter class amount to $1,605,415,679, being nearly 82 per cent of the total assets of both classes. An examination of the abstract of the reports of these banks shows that of this class 450 are located in the Eastern, 181 in the Middle, 1 in the Southern, and 11 in the Western geographical divisions. A noticeable feature in this connection is the approximately uniform average deposit, in thesebanks,intheEastern,Mid die, and Western divisions, being $356.87, $352.28, and $376.58 respectively and the average in all such banksbeing $356.65. It is also noteworthy that while the entire deposits in mutual institutions are savings accounts, but 82 pAr cent of the deposits in stock savings banks, as shown by the reports, are of that class, and the actual percentage is undoubtedly much less, for thereason that in a number of States, notably Vermont, Iowa, and California, no classification of deposits is made, although accounts of a commercial nature are taken. The average rate of interest paid or credited to depositors in mutual savings banks appears to be about 4 per cent; simi REPORT OF THE COMPTROLLER OF THE CURRENCY. 85 lar information is not at command, in respect to stock savings associations, to enable even an estimate to be made, although it would seem that the rate is slightly in excess of that paid by the former class* Stock savings banks, with the exception of 15 in the Eastern and 15 in the Middle States, are located in the Southern, Western, and Pacific States and Territories. The aggregate resources of all savings banks amount to $1,964,044,861, of which loans on real estate amount to $714,832,576; loans on collateral security other than real estate, $79,173,174 and other loans and discounts, $229,711,725. The following figures represent their investments in bonds, stocks, etc.: In United States bonds, $133,344,199; State, county and municipal bonds, $393,190,240; in all other bonds and stocks, $246,001,306. The amount invested in real estate is $33,097,998 and the funds deposited in other banks and cash on hand, $81,576,253 and $33,208,271 respectively. Of the liabilities of these 1,059 institutions, $37,407,475 represents their capital, $132,880,724 surplus, $27,448,960 other undivided profits, $1,712,769,026 savings deposits and $45,560,592 other deposits, Of the 5,579 reports of condition received by this Bureau 1,161 were from private banks and bankers having an aggregate capital of $34,590,227 surplus and undivided profits $11,259,164, deposits $93,091,148. The following tables present summaries of this information: AGGREGATE KESOURCES AND LIABILITIES OF ALL STATE BANKS, LOAN AND TRUST COMPANIES, SAVINGS AND PRIVATE BANKS, 1891-'92. Loan and State banks. trust companies. 168 companies. 3,191 banks. banks. Private banks. Total. 1,059 banks. 1,161 banks. 5,579 banks. Savings RESOURCES. Loans on real estate. Loans on collateral security other thai real estate ; Other loans and discounts | Overdrafts • United States bonds ; State, county, and municipal bonds j Railroad bonds and stocks | Bank stocks ' Other atocks and bonds i Due from other banks and bankers , Real estate, furniture, etc ! Expenses and taxes paid • Cash and cash items • • Other resources Total $45,025,576 $55,093,822 $714,832,576 $13,782,512 42, 903, 6351256,413,894 611, 750, 855| 73,760,832 4,815, 0471 155,999 912, 123 18,059,578 6,404,311 2, 313, 459, 612 27,617,700 901, 8951 1,608,344 " 52,516,845 45,595, 104, 629, 312| 54,975,325 32,037, 310! 22,617,764 648,269 3, 278, 995! 129, 745, 5781 22, 600, 045! 16, 329, 044 7,767,180! 79.173,174 229,711,725 328, 763 133,344,199 393,190,240 131,215,829 43, 688, 739 71,096,738 81,576, 253 33,097,998 832,059 33, 208. 271 18,748, 297 10,259,252 69,051,435 2,067,627 1,709,495 1,316,540 404,178 703,932 3,268,242 20,097, 669 9, 317,287 846,197 12, 235,490 1, 601, 813 $828,739,486 388,749,959 984,274,847 7,367,436 154,025,395 403,224,457 159,697,319 46, 902, 910 172, 477,208 261, 278,559 97,070, 359 5,605,520 197, 789, 384 44, 446, 334 1,040, 697,731J600,244,9081,964,044,861146,661,673 3,751,649,173 LIABILITIES. Capital stock Surplusfund Other undivided profits Debenture bonds State bank notes Dividends unpaid Individual deposits Savings deposits Due to other banks and bankers Other liabilities Total « i | i 233,751,171; 80,645,972' 37,407,475 34,590,227 386,394,845 ; 66,725,191| 45,824,747; 132,880,724 7,730,587 253,161,249 « 23,632,989| 15,943,401 27,448,960 3,528,577 70,553, 927 s 11,365,280' 11,365,280 ! 137,232! 137,232 ! 756,905 108,479 41,412 906,796 j 648,513,809411,659,996! 45,560,592 93,091,1481,198,825,545 ; j |l, 712,769,026 712,769,026 i 48,596,672i 3,771,465j 3,593,717 1,745,695 57,707,549 i 18,583,762* 30,925,568! 4,342,955 5,975,439 59,827,724 11,040,697,731jfl00,244,90811,964,044,861146,661,673 3,751,649,173 86 REPORT OF THE COMPTROLLER OF THE CURRENCY. N U M B E R , CAPITAL STOCK, S U R P L U S , U N D I V I D E D P R O F I T S AND D E P O S I T S OF ALL STATE B A N K S , L O A N AND T R U S T C O M P A N I E S , AND SAYINGS ( M U T U A L AND S T O C K ) , A N D P R I V A T E B A N K S , 1891-'92. ISTo. banks. Classes. State b a n k s . . . . Loan and trust companies Savings banks (mutual) .. Sayings banks (stock) Private banks Total........ Capital stock. Surplus. Undivided profits. Deposits. 3,191 $233,751,171 $66,725,191 $23,632, 989 $648,513,809 168 80, 645, 972 45, 824, 747 15,943,40: 411, 659, 996 643 122,457. 267 22, 804,142 1,459,221, 779 416 37,407,475 10,423,457 299,107, 839 4, 644, 818 34, 590, 227 7, 730, 587 1,161 93, 091,148 3, 528, 577 5,579 386, 394, 845 253,161, 249 70, 553, 927 2,911, 594, 571 The distribution of the circulating medium, as shown by the cash holdings of national banks on July 12, 1892, and by other banks at date of latest reports to this Bureau, is exhibited in the table following. The total cash, etc., held by banks other than national was $197,789,384, of which $8,889,370 was gold, $1,925,187 silver, $22,119,226 specie not classified, $46,812,692 paper currency, and $118,042,909 cash not classified and cash items. The total amount held by all the banks was $586,405,103. STATEMENT SHOWING THE AMOUNT OF GOLD, SILVER, ETC., HELD BY NATIONAL BANKS ON JULY 12, 1892, AND BY OTHER BANKING INSTITUTIONS ON OR ABOUT THE SAME DATE. Classification. Gold coin Gold Treasury certificates Gold (clearing-house) certificates Silver, dollars Silver, fractional Silver, Treasury certificates National-bank notes Le^al-tender notes United States certificates of deposits for legal tenders Fractional currency Specie, not classified Cash not classified Total. Other (5579) National inbanks (3759). banking stitutions. $96, 723, 083 $8,889,37085, 530,100 8,498, 000 7,466, 596 } 1,925, 187 5,579, 302 25,523,399 21, 325, 840 113, 915, 016 *46,812, 692 23,115, 000 939,383 22,119,226 118,042,909 388,615,719 197,789,384 Total. $105, 612,453 85,530,100 8,498,000 14,971,085 25,523,399 21,325, 840 160,727, 708 23,115,000 939,383 22,119, 226 118,042,909 586,405,103 * Including national-bank notes and coin certificates. The following table exhibits by States, Territories, and geographical divisions the capital employed by national banks on July 12,1892, and by the State, stock savings, private banks, and loan and trust companies at date of latest returns to this Bureau, the aggregate capital of all classes by States, and the total of each class and of all, from which it appears that the total capital amounts to $1,071,073,048. The capital of the national banks is $684,678,203; State banks, $233,751,171; stock savings banks, $37,407,475; private banks, $34,590,227; loan and trust companies, $80,645,972. REPORT OF THE COMPTROLLER OF THE CURRENCY. T A B L E SHOWING, BY STATES AND T E R R I T O R I E S , T H E CAPITAL OF T H E NATIONAL BANKS ON J U L Y 12, 1892, AND O F T H E STATE, STOCK S A V I N G S , AND P R I V A T E BANKS AND L O A N AND T R U S T COMPANIES AT DATE O F L A T E S T R E P O R T S TO T H I S BUREAU. National banks. States and Territories. Maine "Vermont Massachusetts Rhode Island Connecticut Total Eastern States New York New Jersey Pennsylvania Delaware Maryland State banks. $916, 675 2, 340, 000 166, 731, 420 3,256, 675 44, 788, 610 4, 656, 300 2, 736, 000 2, 588, 500 1,623,000 4, 538, 800 1, 350, 000 3,919,000 1,165,000 4, 435, 000 26, 202, 800 1, 600, 000 15,409,400 10,473,953 6,138,147 1, 343, 537 2,122, 500 1, 533, 027 5,961,595 238, 550 748, 050 3,115,836 2,820,121 450, 000 1, 223, 894 19, 220, 852 4, 017, 967 80, 697,753 48, 934, 076 24,140, 000 43, 797, 800 13,428, 000 38, 856, 000 15, 034, 000 7, 442,150 14, 325, 000 15,166, 000 12, 667,100 13,473, 600 18,265, 545 6,492, 605 3, 586, 700 6, 565,500 2, 016,000 6,286, 900 7,430,200 8, 631,000 7, 953, 353 *14,032, 650 r Total S o u t h e r n States Ohio Indiana Illinois .- "Wisconsin Iowa Minnesota Kansas Nebraska T o t a l Western States : . . . 198,329,650 282,000 4,415,000 8,985, 000 2,800, 000 625, 000 4,740,000 1,140, 000 1,050,000 2,465,000 2, 660,000 7,640,000 270,000 8,225,000 175, 000 324, 540 Oregon Colorado Utah Idaho "Montana Wyoming New Mexico North Dakota South Dakota Washington Arizona California Oklahoma Indian Territory 725, 000 $827,243 1, 069,706 1,981,435 410,542 34, 525 191, 624 1,514, 773 3, 000, 302 100, 000 139, 350 35, 038 8, 275, 000 2, 353. 820 1, 111, 600 12,749,320 183,462,415 25, 650, 000 1, 470, 000 21, 343, 678 500, 000 1, 500, 000 3, 250, 000 144,447,003 17,662, 495 104, 085, 869 3,313,985 20, 519, 326 53, 713, 678 296,140, 203 1,896,575 6,122,000 8,198,410 5,304,000 225,000 81,260,453 21, 745,985 1,342, 000 1,185,775 1, 369, 720 600,000 1, 009, 047 607, 000 32,000 145,000 879, 814 1,890,141 2,002,100 281, 064 45, 776, 743 336,880 91,326 484, 090 2,869,276 80, 000 "860,600* 8,197,763 4,253, 912 1,160, 860 3,665,282 3. 070,353 4; 599, 741 772,604 1, 367, 365 5,404, 914 674,443 2,824, 004 23,539,566 141,824 525,400 307,850 72 500 90, 000 240, 900 10,000 511,024 155, 544 93,860 136,560,648 3,050,000 4, 710, 000 730, 000 2,122, 038 3,570,936 14,182, 974 -- 1, 565,495 82,050 45, 796, 540 55, 511, 357 10, 746, 810 3, 796,447 233,751,171 37,407,475 34,590, 227 fi 111 R9R 11, 014, 987 4,179, 537 5, 002.800 3,874,387 11,405,984 1, 699,876 5,426,140 4, 280, 836 7, 355,121 29, 661,426 2, 858,932 34, 630,252 15,170,370 251,800 678,450 2,674, 907 Total. $12, 018,900 6, 217, 500 7,885, 000 107, 317,500 23, 547, 545 26,475, 970 220, 540 100, 000 40, 000 718, 360 568, 709 20, 000 275,000 Total United States. 684, 678,203 Total Pacific States. Loan and trust companies. $7'>5 000 Total Middle States. 193,122, 840 "Virginia West Virginia North Carolina South Carolina Greoi sjia Florida Alabama Mississippi Louisiana Texas Arkansas. Kentucky Tennessee Private banks. $1, 008, 900 $11, 0%, 000 6, 217, 500 7,160, 000 99,042, 500 20, 277, 050 23, 024, 370 85, 666, 060 1 32,303,700 14, 456, 645 1,735, 850 71, 234,190 8,456, 860 2,133, 985 680, 000 16, 804, 960 1, 612,200 2, 827, 000 , Stock savings b a n k s . 4fi.fi1fi.40fi 55,852,262 20,085,053 60,853,241 26, 751, 014 15,096,415 34, 586,152 28, 267, 379 23,444,457 27,506,250 339,058, 628 282,000 5, 898,824 11,296,175 5,486, 617 697,500 5,437, 000 1,412, 900 1, 285, 000 3, 855, 838 4, 705, 685 10,595,960 551,064 63,765, 001 257,050 324,540 115, 851,154 i 80, 645,972 1,071,073,048 * Includes all banks other than national. The population of the United States by States and Territories on June 1,18927 as estimated by the Government actuary, the aggregate capital, surplus, undivided profits, and individual deposits of national Digitized for and FRASER State banks, loan and trust companies, and savings and private 88 REPORT OF THE COMPTROLLER OF THE CURRENCY. banks of the United States at date of reports of the various classes nearest thereto, the average of these per capita, and the per capita average of such funds in each class of banks are shown in detail in the following table. It appears that the population of the country on the date named was 65,593,000 and the total banking funds $6,390,094,128, an average of $97.42. The per capita averages in each class of banks are: National banks, $42.21; State banks, $14.83f loan and trust companies, $8.45; savings banks, $29.81 and private banks, $2.12. The table referred to is presented herewith: TABLE SHOWING, BY STATES AND TERRITORIES, THE POPULATION OF EACH ON JUNE 1, 1892, AND THE AGGREGATE CAPITAL, SURPLUS, UNDIVIDED PROFITS, AND INDIVIDUAL DEPOSITS OF NATIONAL AND STATE BANKS, LOAN AND .TRUST COMPANIES, AND SAVINGS AND PRIVATE BANKS IN THE UNITED STATES ON OR ABOUT JUNE 30, 1892; THE AVERAGE OF THESE PER CAPITA OF POPULATION, AND THE PER CAPITA AVERAGES OF SUCH RESOURCES IN EACH CLASS OF BANKS AND IN ALL. Loan J National! State banks, banks. companies. All banks. Population States and Territories. June 1, 1892.* 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 I Ohio | Indiana i Illinois ! Michigan ! Wisconsin j Iowa Minnesota Missouri Kansas Nebraska Colorado Nevada California Oregon Arizona North Dakota South Dakota Idaho Montana New Mexico Oklahoma Indian Territory... Utah Wyoming Washington Total. 664,000 382, 000 333,000 2,353, 000 360, 000 776,000 6, 212,000 1,522, 000 5,497, 000 173,000 1,059,000 257, 000 1,685,000 784, Q00 1,660,000 1,181,000 1,898, 000 420, 000 1, 565,000 1,326, 000 1,156, 000 2,377,000 1,195, 000 1,883, 000 1,789, 000 3,770, 000 2,234, 000 3,975,000 -2,186,000 1,771,000 1, 964, 000 1,418,000 2,790,000 1,480, 000 1,225,000 478,000 44,000 1,286,000 352,000 63,000 223,000 386, 000 100,000 160,000 161,000 123, 000 190,000 223,000 74,000 410,000 65,593,000 Private banks. Aver- Aver- Aver- Aver- Aver- AverCapital, etc. age per age per age per age per age per age per capita. capita. capita. capita. capita. capita. $85,438,648 $128.68 95,127,686 249. 02 45,591,380 136. 91 792,197,295 336.67 133,889,192 371.91 210, 733,460 271. 56 1,788,965,731 287.98 86. 32 131,373,896 600,432,442 109.22 90.28 15,618,609 114,129,719 107.77 91.93 23, 628,110 27.35 46,079,691 21.15 16,583,391 9.15 15,195,635 13.81 16,309,849 16.24 30,828,876 19.02 7,991,388 9.56 14,976,816 9.55 12,667,427 32.55 37, 629,386 29.85 70,967,854 6.86 8,197,436 50.91 95,864,039 24.68 44,156,220 67.26 253,570,579 82,201,949 36.80 8O.X)O 318,, 083,219 66.01 144,315,566 57.55 101,931,893 64.74 127,179,219 114,089,026 80.45 63.73 177, 810,895 66,886,577 45.19 61.69 75, 581,363 49,290,328 103.12 853, 990 19.41 287,486,967 223.55 20, 917,104 59.42 1,438,708 22.83 13,190,082 59.14 34.93 13,483,088 3,026,606 30.26 25,186,870 157.41 4, 684,267 29.09 1, 014,085 8.24 657,280 3.46 73.59 16,411,775 4,890,896 31,337,620 76.43 $42.64 43.26 56.84 138.53 128.62 87.54 89.65 50.66 65.86 45.87 57.53 61.60 13.58 12.37 4.47 5.54 6.54 15.57 7.16 2.73 20.16 26.21 3.64 20.50 16.72 43.64 24.74 48.73 28.40 23.10 ' 25.40 39.91 25.32 23.97 36.80 83.73 19.41 21.45 47.84 12.67 41.00 20.76 28.74 142.70 24.25 6.17 3.46 38.24 52.29 58.76 97.42 42.21 6,390,094,128 $5.60 $5.40 9.16 41.23 f> 96 9.56 12.65 5.51 13.32 7.72 3.87 3.15 8.58 2.08 1.00 6.82 10.75 .54 3.06 30.41 6.20 8.65 5.40 7.57 3.78 28.64 12.11 27.59 33.59 15.10 f24.89 6.91 32.21 42.82 7.17 47.«56 5.53 17.47 8.06 2.26 29.96 $80.44 205.76 80.07 165.93 195. 07 167. 69 108.79 24.17 13.87 23.70 42.02 .37 $0.75 "*2.46 .45 *.*45 1.06 .21 5.12 .85 .34 1.64 .30 .16 \*60 .27 1.03 2.80 1.76 I 6.36 .68 1.89 4.44 1.93 90.64 10.40 10.16 14.44 13.19 10.64 1.87 12.05 31.70 .08 16.00 6.53 4.33 4.79 5.29 1.45 5.73 9.34 1.98 2.89 6.12 7.61 .4.87 108.91 2.55 1.18 3.70 .98 1.52 1.12 .06 2.07 13.59 3.29 1.49 13.06 1.55 9.90 "7." 23*" 4.15 12.25 .54 29.81 2.12 14.83 18.14 8.45 * Estimated by Mr. Joseph S. McCoy, Government actuary, t Average of all banks other than national. REPORT OF THE COMPTROLLER OF THE CURRENCY. 89 Iii the Appendix 227 tables will be found showing, by States, Territories, and geographical divisions, the condition of banks other than national, as obtained from both official and unofficial sources 5 aggregate resources and liabilities of each class ; comparative statements of condition of State? banks, 1872 to 1892; loan and trust companies, 1887->88 to 1891- 92; savings banks, 1887-?88 to 1891-?92; private banks, 1888 to 1892; deposits in savings banks, number of depositors, and average amount due each, by States, in 1890-791 and 1891-792; the gro\A th of savings banks in the United States as shown by the number of associations, number of depositors, and amount of deposits in the years 1820,1825, 1830, 1835, 1840, and 1845 to 1892, inclusive; the number, liabilities, and assets at date of failure of State, savings, private banks, and loan and trust companies in each State that failed during the year ended June 30,1892; the aggregate number, liabilities, assets and percentage of assets of State, etc., banks that failed during the fiscal years ended on June 30,1891 and 1892; reports of condition of The First Bank of the United States in January, 1809 and 1811; principal items of resources and liabilities of The Bank (second) of the United States 1817 to 1840; number of banks, amount of specie, circulation, and capital in 1774,1784, and 1790 to 1804; the number and capital of banks by States, etc., at eight different periods from 1792 to 1830; the number, capital, circulation, deposits, loans, and specie of banks at various periods from 1811 to 1840; the principal items of resources and liabilities by States, of banks in the United States in 1819, 1834 to 1863, and 1873 to 1892; the number of State banks in the United States and their principal resources and liabilities in the years 1834 to 1863 and 1873 to 1892, inclusive; the number, average capital, and deposits of all banks, other than national, as shown by reports to the Internal Eevenue Bureau on November 30,1875 and 1876, and on May 31, 1877 to 1882, inclusive; percentage of depreciation of bank notes during the suspension of specie payments from 1814 to 1817; discount of bank notes in New York in January, 1835 to 1838, inclusive; highest and lowest price of bank notes in Philadelphia in each year from 1814 to 1823 and from 1834 to 1838. CONCLUSION. Prior to the passage of the free-banking act a deep-rooted prejudice obtained against national banks as monopolies. They were believed to possess special privileges inimical to the interests of the general public. The act of January 14, 1875, removed all restrictions and extended the powers and privileges of a national bank to any five reputable men who might choose to organize such an institution, thus removing all proper ground of criticism. All prejudices are long lived, but the one against national banks has possessed unusual vitality. There are many strong and excellently well managed State banks. Some of our States have good banking laws, well enforced, with competent and effective supervision. It is undeniable, however, that away from its immediate locality, a national bank enjoys greater prestige than a State institution. The system lends a credit and standing to its individual members. The actual advantage which national banks possess have won favor, and the prejudice once so strong, has yielded and is fast disappearing before the commercial advantages which the system affords. The large percentage of increase in national banks formed is found in sections where the prejudice was once strongest. It is very gratifying to note this. There is no possible conflict of interests between the national system 90 REPORT OF THE COMPTROLLER OF THE CURRENCY. and State systems of banking. National banks do a purely commercial business. The various other banking functions are performed by State institutions, and the different boards of direction are so interwoven as to indicate the utmost harmony between State and national institutions. More liberal provisions of law as to circulation or a reduction of the amount of United States bonds which national banks are compelled to own, would result in largely increasing the number of banks. As it is, each year marks a steady growth in number and in public confidence in the system. They have given the country the best currency and the best commercial service it has ever had, and the good solid business sense of the country can be relied upon to protect and preserve the system. The work of the Bureau of the Currency is well systematized and is performed by a thoroughly competent and well equipped force of employes. This force consists of ninety employes, the number having diminished from one hundred and twenty-five in 1876 to ninety at the present time, notwithstanding the fact that the large increase in the number of associations, under the supervision of the Bureau, has necessarily increased the amount of labor to be performed. I have found all subordinates competent, courteous, and faithful in the discharge of their duties, and it is with pleasure that I acknowledge the valuable aid rendered by those charged with the labor of preparing the statistical matter which appears in this report. In the second volume of this report, comprising over 1,300 pages, will be found a detailed statement of the condition of all the national banks, as shown by the report of condition of September 30,1892, arranged by States alphabetically and properly indexed. A. B. HEPBURN, Comptroller of the Currency. Hon. CHARLES F. CRISP, Speaker of the Rouse of Representatives. APPENDIX. NAMES AND COMPENSATION OF OFFICERS AND CLERKS IN THE OFFICE OF THE COMPTROLLER OF THE CURRENCY, OCTOBER 31, 1892. Name. A. Barton Hepburn... Robert M. Nixon Hopkins J. Hanford.. George M. Coffin Watson W. Eldridge . Edwin Z. Perkins George W. Robertson Amos Webster Theodore 0. Ebaugh Charles J. Stoddard Edward A, Demaray Willis J. Fowler J ohn A. Hebrew Endicott King George T. May Edmund E. Schreiner Charles McC. Taylor Walter Taylor Thomas P. Kane Harriet M. Black William E. Colladay George W. Collison Sarah F. Fitzgerald Washington K, McCoy Isaac C. Miller : Joseph K. Miller Thomas H. Ridgate Charles A. Stewart William D. Swan* Ephraim S. Wilcox George H. Wood Willard E. Buell Eliza R. Hyde R. Leroy Livingston Mary L. McCormick Morris M. Ogden Carrie L. Pennock Margaret L. Simpson Ebenezer Southall Arthur M. Wheeler Frederick Widdows Eliza M. Barker Eveline C. Bates Margaret L. Browne Philo L. Bush Sarah M. Cartwright Loren H. Milliken Marie Richardson Eliza A. Saunders Theresa E. Tilley Anna M. Whiteside Louisa Campbell Virginia H. Clarke Sarah G. Clemens Mary L. Conrad William S. Davenport Arthur L. Hitchcock Alice M. Kennedy Emma Lafayette Franklin L. Mitchell Anna E. Rhodes Warren E. Sullivan Henry F. Loveaire Thomas H. Austin Ellen Carey Geraldine Clifford Harry Dresbach E. Allen Frost Margaret E. Gooding Mary B. Harvell Charles S. Hyde Frank T. Israel Grade. Comptroller Deputy Comptroller Chief clerk Chief of division do do Superintendent Teller Bookkeeper Assistant bookkeeper Clerk class 4 do do do do do do do Stenographer Clerk class 3 do do do do do do do do do do do Clerk class 2 do do do do do do do do do Clerk class 1 do do ......do do do do do do do Clerk class E ...T do do do do do do do , do do do Engineer Clerk class D do do do do do do do do * Additional aa bond clerk, $200. Salary. ». 1 I 93 $5, 000 2,800 2,500 2, 200 2,200 2, 200 2, 200 2, 000 2, 000 2,000 1,800 1, 800 1, 800 1, 800 1,800 1, 800 1, 800 1,800 1, 600 1, 600 1, 600 1, 600 1,600 1,600 1, 600 1, 600 3,600 1, 600 1, 600 1, 600 1, 600 1,400 1,400 1,400 1, 400 1, 400 1,400 1. 400 1. 4U0 1, 100 1, 400 1,200 1,200 1, 200 1, 200 • 1, 200 1, 200 1, 200 1, 200 1, 200 1, 200 1, 000 1, 000 1, 000 1, 000 1, 000 1, 000 1, 000 1, 000 1, 000 1,000 1,000 1, 000 900 900 900 900 900 900 900 900 900 94 REPORT OF THE COMPTROLLER OF THE CURRENCY. NAMES AND COMPENSATION Name. Lucretia W. Knowlton Mary A. Martin William A. Nestler . Mary E. Oliver Adelia M. Stewart George C Sutton Julia 0. Townsend William J . Tucker Clara L. Willard William Griffiths Silas Holmes Robert E. Minturn John F . Robertson Langston W. Allen John Earle Samuel M. Freeman M^adison L. Jones Daniel H. Mason William W. Watson '. OF OFFICERS AND CLERKS, ETC.-—Continued. Grade. Salary. Clerk class D do do . . . .do do . . do do do do Messenger Assistant messenger do do Watchman do Fireman Laborer do do.. ... $900 900 900 900 900 900 900 900 900 840 720 720 720 720 720 720 660 660 660 EXPENSES OF THE OFFICE OF THE COMPTROLLER OF THE CURRENCY FOR THE TEAR ENDED JUNE 30, 1892. For special dies, plates, printing, etc $76, 935.33 For salaries 102,, 670.76 For salaries, reimbursable by national banks : 16, 644.42 Total expenses of the office of the Comptroller of the Currency from its organization, May, 1863 to June 30,1892 7,^64,464.51 The contingent expenses of the office are not paid by the Comptroller, but from the general appropriation for contingent expenses of,the Treasury Department; no separate account of them is kept in this office. NAMES AND ADDRESSES OF NATIONAL BANK EXAMINERS, OCTOBER 31, 1892. Names. Ainger, D. B Alden,LS Bostwick, Frederic Betts, Madison Brush, Chas. H Campbell, Chas. J Carskadon, James T Chamberlain, Wm. H Clary, Charles Cook,Dayid A Day, Daniel Dengler, Chas. H Diamond, John E Dorr, Chas. M Ewer, Alfred Ford, Geo.H Galbreath. G. W Gatchell, Jeremiah Gannon, John J Getman, E. M Griffith, John M Groesbeck, Leonard H Hardt,Wm.M Heald, Wm. H Holman, Geo. W Jamieson, Chas. T Kellogg, Edgar J Kemp, Harlan W Kimball,Wm.H McHugh, John McKnight,J.M Miller, Wm., jr Parker, Frank W Stone, Geo.W Stone, Geo. A Sturges, James D Tate,S.McD Wilder,IraH Wilson, Amos E Wilson, Eugene T Young, Hugh 4 u * : : Post-office. Charlotte, Mich. Warren, Pa. Pine Plains, N. Y. Wilmington, Ohio. Fergus Falls, Minn. Montgomery, Ala. Keyser, W. Ya. 322 Geary street, San Francisco, Cal. Spokane, Wash. Ottawa, 111. Providence, R. I. Pottsville, Pa. Sioux Falls, S. Dak. Great Falls, N. H. P. O. Box 2352,50 State street, room 25, Boston, Mass. Burton, Geauga County, Ohio. Sedalia,Mo. East Black stone, Mass. Dallas, Tex. 976 Broadway, West Troy, N. Y. Wahoo, Nebr. Lansingburg, N. Y. 422 North Thirty-second street, Philadelphia, Pa. Spokane, Wash. Rochester, Ind. Urbana, Ohio. Craig, Mo. Montpelier, Yt. 45 Broadway, New York, N. Y. Cresco, Iowa. Louisville, Ky. Mercer, Pa. Lewiston, Me. 1603 Broome street, Wilmington, Del. Dallas, Tex. 511 Webster avenue, Chicago, 111. Morganton, N. C. Flint, Mich. McPherson, Kans. Ellensburg, Wash. Central Hotel, Pittsburg, Pa. A DIGEST OF NATIONAL-BANK CASES. CONTENTS. I. Constitutional law. (1) Powers of Congress; (2) Powers of the States. II. Powers and liabilities of national banking associations. (1) Implied powers; (2) As to collateral securities; (3) Special deposits; (4) Government securities; (5) Certified check; (6) Purchasing check; (7) Stock; (8) Deposits to secure performance of contract; (9) Loans in excess of one-tenth capital; (10) Real estate; (11) Certificates of deposit; (12) Lien on dividends; (13) Contracts and obligations of old corporation; (14) Place of business; (15) Circulating notes; (16) Business of liquidating association. III. Ultra vires. (1) Dealing in stocks; (2) Purchasing negotiable paper; (3) Lending credit; (4) Mortgages on real estate; (5) When association can not set up want of power. IV. Stock. (1) Purchasing its own stock; (2) Lien on stock; (3) May be attached; (4) Capital set free belongs to shareholders; (5) Contract to give shares for business; (6) Transfer of stock; (7) Subscriptions to increase of capital stock; (8) Specific performance of contract to sell. V. Shareholders. (1) Estopped to deny incorporation; (2) Individual liability; (3) When liability disqualifies from voting; (4) Right to inspect books. VI. Officers. (1) Tenure of office; (2) Bonds of officers; (3) Directors must act as a board; (4) Borrowing of association; (5) Liability for violations of law; (6) Directors of converted banks; (7) Retirement of directors. VII. Interest. * (1) What interest associations may take; (2) On claims against insolvent and liquidating associations; (3) Usury. VIII. Insolvent associations. (1) Not subject to bankrupt act; (2) What constitutes insolvency; (3) Assets a trust fund; (4) United States has no priority; (5) Claims for torts; (6) Preferences; (7) Bases for estimation of dividends; (8) Set-off; (9) Claim for breach of contract of lease. JX. Receiver. (1) Officer of the United States; (2) Whom he represents; (3) How far subject to Comptroller's orders; (4) Power of courts to appoint; (5) Debtors of association can not question legality of appointment; (6) Receiver's decision not final; (7) Sale by; (8) Contracts of; (9) Expenses of receivership for association whjcjj. has gone into liquidation. 96 REPORT OF THE COMPTROLLER OF THE CURRENCY. X. Taxation. (1) What may be taxed; (2) Rate; (3) Valuation; (4) Exemptions; (5) Collection of tax from association; (6) License tax; (7) Powers of taxing officers; (8) Enforcement of taxes; (9) Location of association for taxing purposes. XI. Jurisdiction. (1) Jurisdiction of Federal courts prior to the act of July 12,1882: (2) Jurisdiction of Federal courts subsequent to act of July 12, 1882; (3) Jurisdiction of State courts; (4) United States can not be subjected to jurisdiction of court; (5) Citizenship. XII. Suits. (1) By and against associations; (2) By shareholders; (3) By receivers; (4) By creditors of insolvent association; (5) For usury; (6) To enforce liability of shareholders; (7) Execution; (8) Attachments; (9) Abatement; (10) Estoppel; (11) Suits against liquidating associations; (12) Transitory and local suits; (13) Survival of suits. XIII. Evidence. (1) Certificate of Comptroller; (2) Evidence of insolvency; (3) Necessity for assessment by Comptroller. XIV. Crimes. (1) Under United States laws; (2) Under State laws; (3) Term "United States currency" in penal statutes. REPORT OF THE COMPTROLLER OF THE CURRENCY. 97 I. CONSTITUTIONAL LAW. 1. POWERS OF CONGRESS: (a) Congress has the constitutional power to incorporate banks. (McCulloch v. Maryland. 4 Wheat., 316; Osborne v. Bank of the United States, 9 Wheat, 738.) (b) Congress has power to clothe national banking associations, as to their contracts and dealings with the world, with any special immunities and privileges exempting them, in their trade and intercourse with others, from the laws and remedies applicable in like cases to other citizens. (The Chesapeake Bank v. The First National Bank of Baltimore, 40 Md., 269.) (c) Thus, the provision of the banking law that no attachment, injunction, or execution shall issue against a national banking association before final judgment in any suit, action, or proceeding in a State court is constitutional. (Ibid.) (d) The tax imposed on State or national banks paying out the notes of individuals or State banks for circulation is constitutional. (Veazie Bank v. Fenno, 8 Wall., 533.) (e) So is the tax imposed on them for paying out the circulating notes of municipal corporations. (Merchants' National Bank of Little Book v. United States, 101 U. S.,1.) (f) Such a tax is not a direct tax within the meaning of the clause of the Constitution which declares that "direct taxes shall be apportioned among the several States according to their respective numbers." (Veazie Bank v. Fenno and Mechanics1 National Bank of Little Bock v. United States, supra.) (g) Congress having, in the exercise of undisputed constitutional powers, undertaken to provide a currency for the whole country, may secure the benefit of it to the people by appropriate legislation. (Veazie Bank v. Fenno, supra.) (h) Congress has the power to divest the United States courts of their jurisdiction of suits by or against national banking associations. (National Bank of Jefferson v. Fare et al., U. S. C. C. (E. D. Texas), 25 Fed. Bep., 209.) 2. POWERS OF THE STATES: (a) National banking associations, being instruments designed to aid the Government in the administration of a branch of the public service, can not be controlled by the States, except 7in so far as Congress may see proper to permit. (Farmers and Mechanics Bank v. Bearing, 91 U. S., 29.) (b) No authority from the State is necessary to enable a State bank to conA^ert itself into a national banking association. (Casey v. Galli, 94 U. S., 673.) (c) National banking associations located outside of a State are subject to its restraining acts prohibiting all corporations, not authorized by the law of the State, from keeping therein offices for the purpose of discount and deposit. (National Bank of Fairhaven v. The Phoenix Warehousing Company. 6 Run, 71.) (d) It is competent for a State by penal enactments to protect its citizens in their dealings with national banking associations located within the State. (State v. Fuller, 34 Conn , 280; see also Taxation and Jurisdiction.) II. POWERS AND LIABILITIES. 1. IMPLIED POWERS : To the enumerated powers of national banking associations are to be superadded all the powers incidental to the business of banking. (Pattison v. Syracuse National Bank, 80 N. Y., 82.) 2. AS TO COLLATERAL SECURITIES : (a) A national banking association may take stock of a corporation as collateral security for a loan. (Shoemaker v. The National Mechanics7 Bank, 2 Abb. U. S., 416; Canfield v. The Slate National Bank of Minneapolis, U. S.C. C. (Dist. Minn.), Thomp. Nat. Bank Cos., 312.) 9647 7 98 REPOKT OP THE COMPTROLLER OF THE CURRENCY. 2. As TO COLLATERAL SKCIKITIKS—Continued. (b) And it may take for such |mrposo the stock of another national banking association. {National J><i/iky. Case, 99 U. S., 628.) NOTE.—Bnt this point was not necessary to the decision of the case. (c) A national banking association may take a pledge of personal chattels as security for a loan. (Piilxhurg Locomotive and Car llorks v. State National Bank of Keokuk, U. S. 0. C. (Eighth Circuit, 1875), 2 Cent. L. ,/., 692; 1 New York Weekly Digest, 332.) (d) A national banking association may take as security for a loan the indorsement of a married woman, charging her separate estate. Such security is to be treated as personal security, within the meaning of the banking law, and not as a mortgage. (Third National Bank v. Blake, 73 N. Y., 260.) (e) A national banking association may take as*collateral security for a loan a warehouse receipt i'or merchandise. (Cleveland, Brown *f Co., v. Shoeman, 40 Ohio St., 176.) (/) A national banking association may take as security for a loan the stock of a corporation whose entire capital is vested in real estate. Such a loan does not amount to a lending upon mortgage. (Baldwin v. Canfield, 26 Minn., 43.) (g) An agreement by a national banking association to the effect that, in case a note discounted by it shall not be" paid, a mortgage given by the maker to his indorser shall inure to the benefit of the association, is not inhibited by the national banking law. (First National Bank v. Haire, 36 Iowa, 443; see also National Bank v. Matthews, 98 U. 8., 621.) (h) A national banking association having taken a mortgage on real estate to secure a debt previously contracted may. in order to protect itself, pay off a prior lien on the said real estate;1 and the lien which it thus acquires it may enforce. (Ornn v. Merchants National Bank, 16 Kans., 341; Holmes v. Boyd,90Ind.,S32.) (?) Where a national banking association has taken collaterals to secure a loan, and, after the loan has been repaid, holds them to secure future advances, it is not a gratuitous bailee; and it is responsible for the loss of such collaterals occasioned by its lack of ordinary care and diligence, though at the time the bailor was not indebted to it. ( Third National Bank of Baltimore v. Boyd, 44 Md., 47.) o. SPECIAL DEPOSITS: (a) A national banking association may receive special deposits. The provision in section 5228, Revised Statutes, authorizing an association "to deliver special deposits'7 implies that it may receive them as a part of its legitimate business; and this implication is as effectual as an express declaration to the same effect would have been. (National Bank v. Graham, 100 U. S., 699.) (b) National banking associations have power to receive special deposits either gratuitously or otherwise. (Pattison v. Syracuse National Bank, 80 N. Y., 82.) (c) But the executive officers of an association can not bind it as a-gratuitous bailee, unless they have a special authority from the board of directors so to do, or there exists a general custom or usage to that effect. (First National Bank of Lyons v. Ocean National Bank, 60 N. Y., 278.) 4. GOVERNMENT SECURITIES: (a) National banking associations can engage in the business of dealing in and exchanging Government securities ( Van Leaven v. First National Bank, 54 N. Y., 671; Yerkes v. National Bank of Port Jervis, 69 N. Y., 383; Leach v. Hale, 31 Iowa, 69.) (b) And where an association receives United States bonds of one class for the purpose of having* them converted into bonds of another class, it is not a mere mandatary, but is responsible for the failure to deliver the bonds on demand. (Leach v. Hale, supra.) 5. CERTIFIED CHECK: A national banking association may "certify" a check. A ucertified" check is not within the meaning of section 5183, Revised Statutes, which prohibits the issuing of post-notes or any notes to circulate as money other than such as are authorized by the national banking law. (Merchant*' National Bank v. State National'Bank, 10 Wall., 604.) 6. P U R CHASING CHE C K : A national b nk may buy a check drawn upon another bank; and whether the check is payable to order or to bearer is immaterial. (First National Bank of Bo Chester v. Harris, 108 Mass.. 514.) REPORT OF THE COMPT1K JELER OF THE CURRENCY. £)!J 7. STOCK : (a) A national banking association, in the compromise of a claim growing out of its legitimate business, may take railroad stock. (First National Bank of Charlotte x. National'.Exchange"Bank of Baltimore, 92 TJ. S., 122.) (/>) And when necessary to do so, it may pay the difference between the value of the stock and the amount of the claim. (Ibid.) (e) A national banking association may take and hold the coupons of municipal bonds, and may maintain actions thereon. (First National Bank of North Bennington y. Town of Bennington, U. S. C. C. (Dist. VI.), Browne's :V. B. Gas., 437; see also Lyons v. Lyons National Ban):, 19 Blatch., 279.) 8. DEPOSITS TO SECURE PERFORMANCE OF CONTRACT: A national banking association may receive a deposit to be held by it as security for the faithful performance of a contract between the depositor and another. (BusJniell v. The Ghaiitauqua County National Bank, 10 Hun, 378.) NOTE.—But the court put the decision upon the further ground that even were the contract ultra vires, the association, having received the deposit^ was estopped from setting up its want of power. 9. EOANS IN EXCESS OF ONE-TEXTII CAPITAL: (a) Sec. 5200, lie vised Statutes, which provides that the total liabilities to any association of any person, etc., shall not exceed one-tenth part of the capital stock paid in, was intended only for the guidance of the association, and, though its franchises may be liable to forfeiture for violation of the law, the association may recover of the borrower the full amount of the loan. (Gold Mining Company v. Rocky Mountain National Bank, 96 TJ. 8., 610; O\Harev. Second National Bank of Titusville, 11 Venn. St., 96; Shoemaker v. The National Mechanics' Bank, 2 Abb. V. S., 416; Stewart Y. National Union Bank of Maryland, 2 Abb. TJ. S., 424.) (b) A note is not illegal because at the time it was discounted by the association the maker was indebted to the association in a sum equal to more than one-tenth part of its capital. (O'Hare v. Second National Bank of Titusville, supra.) (c) And a court of equity will not enjoin an association, at the instance of the borrower, from transferring to innocent third persons notes and securities, on the ground that the notes represent part of a loan made in excess of 10 per cent of the capital of the association. (Elder v. First National Bank of Ottawa, 12 Jians., 238.) (d) Where a State bank makes a loan to one person of an amount iu excess of one-tenth part of its capital, and is afterward converted into a national bank, it may, after conversion, extend the time for payment of such loan without violating section 5200, Revised Statutes. (Allen v. The First National Bank of Xenia, 23 Ohio St., 97.) 10. REAL ESTATE: (a) Where a national banking association acquires real estate which it is not authorized to take, the conveyance to it is not void, but only voidable. And the title of the association to such real estate is good until assailed in a direct proceeding by the Government. (Reynolds v. Crawfordsvillc Bank, 112 U, S., 405; see also National Bankv, Matthews, 98 TJ. S., 621; National BankY. Whilnm/, 103 TJ. S., 99; Swope v. LeffingiceU, 105 TJ. 8., 3; ForlierY. New Orleans Bank, 112 U. S., 439.) (b) The amount of real estate which a national banking association may purchase to secure a pre-existing debt is not limitedto the exact amount of the debt, but as much may be purchased as is necessary to secure the debt due, so long'as the security of such debt is the real object of the purchase. (Upton v. National Bank of South Heading, 120 Mass., 153.) (c) Where the purpose is to secure a debt previously contracted, a national banking association may take a conveyance of real estate worth more than the debt, and pay the difference between the debt and the value of the property. (Libby v. Union National Bank, 99 III., 622.) (d) Where a national banking association sells real estate it may take a mortgage thereon to secure the payment of the purchase-money. (New Orleans National Bank v. Raymond, 29 La. Ann., 355.) 11. CERTIFICATES OF DEPOSIT: National banking associations may issue certificates of deposit. Such certificates are not post-notes within the prohibition of section 5183, Revised Statutes. (Hunt v. Appellant, 141 Mass. 515; Riddle v. First National Bank. 21 Fed. Rep., 503.) 100 REPORT OF THE COMPTROLLER OF THE CURRENCY. 12. LIEN ON DIVIDENDS: An association lias equitable lien upon dividends declared for any just debt due to it from the shareholders. (Hager v. Union National Bank. 63 Me., 509.) 13. CONTRACTS AND OBLIGATIONS OF OLD CORPORATION: (a) Where a State bank has been converted into a national banking association it may enforce all contracts made with it while a State corporation. (City National Bank v. Phelps, 97 N. Y., 44.) (b) And it is liable, after the conversion, for all the obligations of the old institution. (Coffee v. The National Bank of Missouri, 46 Mo., 140; Kelsey v. The National Bank of Crawford, 69 Penn. St., 426.) (e) A national banking association organized as the successor of a State bank may take and hold the assets of the bank whose place it takes, though there was not in form a conversion from a State to a national corporation, but the organization of a new corporation. (Bank v. Mclntire, 40 Ohio St., 528.) (d) And such association will be liable to the depositors of the former bank. (Bans v. Exchange Bank, 79 Mo., 182.) 14. PLACE OF BUSINESS: (a) The provisions requiring "the usual business" of the association to be transacted "at an office or banking-house in the place specified in its organization certificate" must be construed reasonably; and a part of the legitimate business of the association which can not be transacted at the banking-house may be done elsewhere. (Merchants? Bank v. State Bank, 10 Wall., 604.) (b) Although the general business of a national banking association is to be transacted at its place of business, yet if the association is fully advised of the facts, and does not object, and there is no fraud, its officers, when acting within the general scope of their authority, may bind it by acts done at another place. (Burton v. Burley, 9 Biss., 253.) (c) Under Revised Statutes, section 5190, providing that " the usual business of each national banking association shall be transacted at an office or banking-house located in the place specified in its organization certificate," a national bank can not make a valid contract for the cashing of checks upon it at a different place from that of its residence, through the agency of another bank. (Armstrong v. National Bank of Springfield, 38 Fed. Rep., 883.) (d) Whatever the terms of such an arrangement being made before the date of the drawee bank's certificate of authorization, it is invalid under Revised Statutes, section 5136, providing that no banking association " shall transact any business except such as is incidental and necessarily preliminary to its organization, until it has been authorized by the Comptroller of the Currency to commence the business of banking." (Ibid.) 15. CIRCULATING NOTES: The circulating notes of a national banking association are valid though they do not bear the imprint of the seal of the Treasury. Such imprint was intended to be simply evidence of the contract, and forms no part of the contract itself. (United States v. Bennett, 17 Blatch., 357.) 16. BUSINESS OF LIQUIDATING ASSOCIATION: After an association goes into liquidation there is no authority on the part of its officers to transact any business in its name so as to bind its shareholders, except that which is implied in the duty of liquidation, unless such authority has been expressly conferred by the shareholders. (Richmond v. Irons, 121 U. S., 27.) III. ULTRA VIRES. 1. DEALING IN STOCKS: (a) A national banking association is not authorized to act as a broker or agent in the purchase of bonds and stocks. (First National Bank of Allentown v. Hoch, 89 Penn. St., 324; Weckler v. The First National Bank of Hager stow n, 42 Md., 581.) (b) A national banking association can not deal in stocks. The prohibition is to be implied from the failure to grant the power. (First National Bank v< National Exchange Bank, 92 U. S., 122.) NOTE,—But see, as to its power to deal in Government securities, Powers, 4, REPORT OF THE COMPTROLLER OF THE CURRENCY. 2. Pi'i:.ciiA»sij\<i XK<ioi IAHLM 101 I'APKK: A national banking' association can not purchase negotiable paper. (Lazexw v. National Union Bank of Baltimore, 52 Md., 78; First National Bank of Rochester v. Pier son, 2i Minn., 140; see also Farmers and Mechanics1 Bank v. Baldwin, 23 Minn., 198. But see Smith v. The Exchange Bank of Pittsburg, 26 Ohio St., 141.) 3. LENDING CREDIT: (a) A national banking association can not lend its credit. (Johnson v. Charlotiesville National Bank, 3 Hughes, 657; Seligman v. Charlottesville National Bank, 3 Hughes, 647.) (&) A national banking association can not guaranty the paper of a customer /or his accommodation. (Seligman v. Charlottesrille National Bank, supra.) (c) The accommodation paper of a national banking association is void in the hands of one who takes it with knowledge of its character. (Johnson v. Charlottesville National Bank, supra.') 4. MORTGAGES ON REAL ESTATE: (a) National banking associations are by implication prohibited from takingmortgages on real estate as security for contemporaneous loans. (National Bank v. Matthews, 98 U. S., 621; Fowler v. Scully, 72 Penn. St., 456; Kansas Valley National Bank v. Itowell, 2 Dill., 371; Commonwealth Bank v. Clark, 4 Mo., 59; Crocker v. Whitney, 71 TV. F., 161; Fridley v. 7*owew, 87 77Z., 151.) (ft) But where such security has been taken, no one bnt the Government can be heard to complain that the association has exceeded its powers. (National Bankv. Matthews, supra; National Bank v. Whitney, 103 U. S., 99; Sivope v. Leffingivell, 105 £7. #., 3; Reynolds v. National Bank, 112 [7. #., 405; Fortier v. National Bank, 112 17. £., 439.) NOTE.—These decisions overrule, on this point, Kansas Valley National Banky. Bowell, 2 Dill., 371; Crocker v. Whitney, supra; Fowler v. Scully, supra; Matthews v. Skinner, 62 Jfo., 329; Woods v. Peojrte's National Bank of Pittsburg, 83 Peww. ££., 57; Fridley v. Bowen, supra. 5. WHEN ASSOCIATION CAN NOT SET UP WANT OF POWER : Where a national banking association has entered into a contract which it was not authorized to make, a party who has enjoyed the benefit of such contract cannot question its validity. (Casey v. La Societede Credit Mobilier, 2 Woods, 77; German National Bank v. Meadowcroft, 95 III., 124.) IV. STOCK. 1. PURCHASING ITS OWN STOCK: Where a national banking association purchases shares of its own stock, and divides them among its directors, to whom the shares are transferred upon the stock books, the transaction is void, and no title passes. (Meyers v. Valley National Bank, U. S. B.C. (E. Dist. Mo.), 13 National Bankruptcy Register, 34.) 2. LIEN ON STOCK : (a) A national banking association can not acquire a lien on the stock of a shareholder. And a by-law prohibiting a transfer until all liabilities of the shareholder to the association are discharged, or a provision to that effect in the certificates of stock, is void. (Bullard v. National Bank, 18 Wall., 589; Bank v. Lanier, 11 Wall., 369; ConkUnv. The Second National Bank, 45 .V". Y., 655.) (b) A national banking association can not take a pledge of its stock to secure a deposit made by it with another bank. Such a transaction amounts to a lending upon the security of its own shares. (Bank v. Lanier, supra.) (c) Though a bank is prohibited from lending money upon the security of its own shares, yet, if the shares have been sold and the proceeds applied to the payment of the debt, the courts will not aid the shareholder to recover the value of the shares. He can dispute the validity of the transaction only while the contract is executory, and the security still subsists in the possession of the bank. (National Bank of Xeniav. Stewart, 107 U. $.,676.) 3. MAY BE ATTACHED: The stock of a shareholder indebted to Tit may be attached by the association and sold on execution. (Hager v. l nion National Bank, 63 Me., 509.) 102 4. REPORT OF THE COMPTROLLER OF THE CURRENCY. CAPITAL S E T FRKI: P.I-XONMJS TO siiAiu:n(>u>i;i:s: When a national banking association reduces its capital stock the amount of capital thus released belongs to the shareholders pro rat a and must be returned to them; and it cannot be retained by the association lor a surplus. (Seeley v. Xeiv York National Exchange Bank, 8 Daly, 400; S. C, 4c Abb. X. C, 61; affirmed, 78 X. Y., 008.) 5. CONTRACT TO GIVE SHARES FOR BUSINESS: Where an association has made or ratified a contract to give a person a certain number of the shares of its stock, upon condition that he will continue to do his business with it, and derives the benefit from this contract, the other party may recover of the association the value of the shares. (Rich v. State National Bank of Lincoln, 7 Xebr., 231.) Q. TRANSFER OF STOCK: (a) The transfer of shares in national banking* associations is not governed by different rules from those which are ordinarily applied to the transfer of shares in other corporate bodies. (Johnson v. Laflin, 103 U. 8., 800.) (5) The entry of the transaction in the books of the association is required, not for the translation of the title, but for the protection of the parties, and others dealing with the association, and to enable it to know who are its stockholders. (Ibid.) (c) A shareholder in a national bank, while it is a going concern, has the absolute right, in the absence of fraud, to make a bona fide and actual sale and transfer of his shares, at any time, to any person capable in law of purchasing and holding the same, and of assuming the transferred liabilities in respect thereto; and this right is not, in such cases, subject to the control of the directors or other stockholders. (Johnson v. Laflin, 5 Dill., 65.) (d) Under the pretense of prescribing the manner thereof, an association can not clog the transfer with useless restrictions. (Johnson v. Laflin, supra.) (e) When a shareholder, acting in good faith, delivers his certificates of stock, with a blank power of attorney for making the transfer, and receives the purchase-money, the sale is complete and the title x^asses. (Ibid.) (f) Where a cashier who is intrusted by the directors with the duty of transferring the stock of the association refuses, for insufficient reasons, to transfer shares, and the association subsequently becomes insolvent, the owner of the shares may maintain an action against the receiver for the injury sustained. (Case v. Citizens' Bank, 100 IT. S., 446.) (g) Where a shareholder who has sold his stock has delivered to the bank the certificates of stock and a power of attorney, with the request that the transfer be made upon the books of the bank, and has had no reason to suppose that such transfer was not made, he will not, should the bank afterward become insolvent, be held liable as a shareholder, although he still appears as such on the books of the bank. (Whitney v. Butler, 118 U. S.t 655.) (h) But where the president of the bank is himself the purchaser of the stock, then the delivery of the certificates and power of attorney to him with the request to make'the transfer upon the books of the bank'would not be sufficient to discharge the seller from liability as a stockholder. (Richmond v. Irons, 121 U. S., 27.) (i) Where a shareholder of a national bank makes a bo.ia fide sale of his stock, and goes with the purchaser to the bank, indorses the certificate, and delivers it to the cashier of the bank, with directions to make the transfer on the books, he has done all that is incumbent upon him to discharge his liability, and he is not liable, though the cashier failed to make the transfer, upon the subsequent suspension of the bank, for an assessment made by the Comptroller of the Currency, under Revised Statutes, section 5151, to pay the bank's debts. (Hayes v. Shoemaker, 39 Fed. Rep., 319.) 7. SUBSCRIPTIONS TO INCREASE OF CAPITAL STOCK: (a) Where one subscribes for shares in the increase of the capital of a national banking association in a certain amount, such subscription and payment are upon the implied condition that the increase shall be in the exact amount so fixed; and if such amount is changed, the subscriber may avoid the subscription and recover the amount paid in. (Eaton v. Pacific Bank, 144 Mass., 260.) (b) And the certificate of the Comptroller of the Currency that the amount of the increase in another sum has been paid in, which amount includes what was paid by the dissenting subscriber, will not be conclusive upon such subscriber. (Ibid.) REPORT OF THE COMPTROLLER OF THE CURRENCY. 7. SlTHSCRJP'MoXK TO IN« IIKASK Oi< r.VI'ITAI, STOCK—Coill 1(U hilled. ( ( ! ) B u t i f s u c h s u b s c r i b e r l i a s a s s e n t e d t o ovy r a t i i i e d t h e < ' h a n g c h e w i i l b e held a shareholder. (Delano v. Butler, 118 IT. s.% MA.) (d) National banks have no authority to increase their capital stock except as provided by Revised Statutes, .sec. 5142, and act of Congress May 1, 188(J; and. where an increase is attempted to be made without obtaining tin* consent of two-thirds of the stock, the payment in full of the amount of such increase, and the certificate and approval of the Comptroller of the Currency, as required by those statutes, the proceedings are invalid, and preliminary subscriptions «:o such increase can not he enforced. (/trmxfroiuj v. Slav age et a I., 37 Fed, Hep., 508.) (e) A subscriber who has made payments on his subscription to the proposed increase, believing that the statutory requirements would be complied with, ii entitled to have the amount thereof allowed as a claim against the assets of the bank in the receiver's hands. (Ibid.) (/) When the previous proceedings looking to an increase in the capital stork of a national bank have been regular and all that are requisite, and a, stockholder subscribes to his proportionate part of the increase and pays his subscription, the law does not attach to the subscription a condition that it is to be void if the whole increase authorized be not subscribed; although there maybe cases in which, equity would interfere to protect him in case of a material deficiency. (Jxp'ntivaU v. Butler, 133 U. S., 595.) (g) The Comptroller of the Currency has power bylaw to assent to an increase in the capital stock of a national bank less than that originally voted by the directors, but equal to the amount actually subscribed and paid for by the shareholders under that vote. (Ihid.) (h) Where one subscribes lor shares in an increase of capital stock of a national bank and pays for the same without waiting to see whether the, whole amount of the increase is taken, he is bound by such subscription and payment, though the amount of the increase is afterward reduced by the bank and the 'Comptroller of the Currency. (Butler v. Eaton, 111 jr. K, 240.) 8. SPECIFIC PERFORMAXCK OF COXTRACT TO SKLL: A specific performance of a contract to sell the stock of a national banking association will not be enforced in favor of a purchaser who places his claim for equitable relief upon the ground that he desires to obtain control of the association. Such an object is contrary to public policy. (Foil* Appeal, 81 Penn. St., 434.) V. SHAREHOLDERS. 1. ESTOPPED TO DENY INCORPORATION: A shareholder who has held himself out to the world as such is estopped to deny that the association was legally incorporated. {Casey v. (Udll, 94 U. 8., 673; Wkeehek v. Ko*t, 77 III., 296.) 2. I N D I V I D U A L LIABILITY : (a) The question whether there is a deficiency of assets, and when it is necessary to enforce the individual liability of shareholders, is for the Comptroller to determine; and his decision in this matter is final and conclusive. (Kennedy v. Gibson, 8 Wall., 498; National Bank v. Case, 99 V. S.. 628; Casey v. Galli, 94 U. $., 673.) (b) The amount contributed by each shareholder should bear the same proportion to the whole amount of the deficit as his own stock bears to the whole amount of the capital stock at its par value. And the solvent shareholders can not be made to contribute more than their proportion to make good the deficiency caused by the insolvency of other shareholders. (United States v. Knox, 102 U. S.] 422.) (c) A shareholder who disposes of his stock will continue to be liable thereon until the transfer is noted on the books of the association. (Bowdellx. Farmers and Merchants' National Bank of Baltimore, U. 8. C. C. (/). ~M(L, 1877); Browne's X. B. Cos., 147.) (d) The individual liability of a shareholder adheres to his estate after his death until his place as a. member of the association is taken by some new shareholder. (Davis v, Weed, lr. S. ]). C. (Dixt. Conn.), reported 41 Conn., 569.) (e) The receiver has a valid claim against the estate generally of a deceased shareholder who died prior to the insolvency of the hank, but whose, stock has not been transferred. {IUvhmoitd v. Irons, 121 U. «S\,27j Darts v. Heed, ) 104 REPORT OF THE COMPTROLLER OF THE CURRENCY. 2. INDIVIDUAL LIABILITY—Continued. (/) And the fact that the title to the stock of a deceased shareholder vests in his administrator does not relieve the estate from the burden of an assessment. (Davis v. IFeed, supra.) (g) Nor will the fact that the administration is complete, and all the assets have been distributed, defeat an action brought to recover the assessment. (Ibid. But see Witters v. Bowles, 32 Fed. Rep., 30.) (h) The United States district court has jurisdiction of an action at law brought by the receiver of a national bank to recover an assessment made upon a stockholder, and the action may be maintained in such event against the executor of a deceased stockholder. (Stephens v. Bernays, U. S. C. C, E. D. Mo.) (i) One who appears on the books of the association as the owner of shares of its stock is individually liable, though he hold the stock merely as collateral security. (National Bank v. Case, 99 U. 8., 628; Moore v. Jones, 3 Woods, 53; Bowdell v. Farmers and Merchants' National Bank of Baltimore, supra; Hale v. Walker, 31 Iowa, 344; Wheelock v. Kost, supra.) (j) And a subscription to stock of a national bank and payment in full on the subscription and entry of the subscriber's name on the books as a stockholder constitutes the subscriber a shareholder without taking out a certificate. (Pacific National Bank v. Eaton, 141 U. 8., 227.) (k) But a pledgee of shares of stock in a national bank who in good, faith and with no fraudulent intent takes the security for his benefit in the name of an irresponsible trustee for the avowed purpose of avoiding individual liability as a shareholder, and who exercises none of the powers or rights of a stockholder, incurs no liability as such to creditors of the bank in case of its failure. (Anderson, Receiver, v. Warehouse Company, 111 U. S., 479.) (I) And where stock has been transferred as collateral security for a loan, with the understanding that in case of default in the payment of the loan the shares shall be sold, the transferee, upon default made, and before the bank closes its doors, may sell the stock for a nominal consideration, though his purpose be to avoid a personal liability; and such a transaction can not be set aside as a fraud upon the creditors of the association. (Magruder v. Colston, 44 Md., 349.) NOTE.—The court jput the decision upon the ground that the sale was in pursuance of a stipulation which formed a part of the contract between the original owner and his transferee. See also Holyoke Bank v. Burnham, 11 Cush., 187, upon the authority of which the Maryland case was decided. (m) If the trusteeship of one who holds stock in trust does not appear upon the books of the association he will be individually liable. (Davis v. Essex Baptist Society, IT. S. D. C. (Dist. Conn.), reported 44 Conn., 582.) (n) A transfer of shares for the purpose of avoiding liability, though made "out and out" is void. (National Bank v. Case, supra; Bowden v. Santos, 1 Hughes, 158.) (o) And where a shareholder, who has knowledge of the insolvent condition of the bank, transfers his shares, without consideration, to a person unable to respond to the assessment, the transfer may be set aside and the individual liability of the transferrer enforced. (Bowden v. Johnson, 107 U. S., 251.) (p) The real owner of the stock is liable as a stockholder, though when he purchased the stock he had it transferred upon the books to another. (Davis v. Stevens, 17 Blatch., 259.) NOTE.—The case of the owner of the stock is thus different from that of a pledgee. (See Anderson v. Warehouse Company, supra.) (q) Where shareholders have assessed themselves to the amount of the par value of the stock for the purpose of restoring impaired capital, the contributions made in pursuance of such assessment, though all used in paying the debts of the association, will not so operate as to discharge the shareholders from their individual liability. (Delano v. Butler, 118 TJ. 8.9 634.) (r) The individual liability of the shareholders of an insolvent association may be enforced for the purpose of paying all of its liabilities, and not merely for the purpose of paying its " debts," technically so-called; (Stanton v. Wilkeson, 8 Ben., 357.) (s) The individual liability of the stockholders must be restricted in its meaning to such contracts, debts, and engagements of the association as have been duly contracted in the ordinary course of its business. And, therefore, creditors of an association who make settlements after the association is put into liquidation and receive from the president payment of their REPORT OF TiJK OOMITROLLEK OF THE CURRENCY, 105 2. INDIVIDUAL LIABILITY—Continued. claims in paper of the association, or the individual notes of the president himself, indorsed or guaranteed in the name of the association, are not to be considered as creditors of the association entitled to subject the stockholders to individual liability; for these are new contracts. (Richmond v. Irons, 121 U. 8., 27.) (t) The individual liability ofthe stockholders is enforcible only in behalf of all the creditors, and any security given by a stockholder for his liability in this respect should likewise be for the benefit of all the creditors. Accordingly, a mortgage of all the individual property of a stockholder, made after the bank has closed its doors, for the purpose of securing a single depositor, is void as against a judgment obtained against such stockholder in an action by the receiver to recover the amount of his individual liability. (Gatch v. Fitch, 34 Fed.fie}).,566.) (u) Where a married woman is by the State law capable of holding stock in a national bank in her own right, she is liable to an assessment upon her shares, though the law of the State does not authorize married women to bind themselves by contracts for the payment of money. The law annexes her obligations by its own force; no act or capacity to act on her part is required. (Witters v. Sowles, 35 Fed. Rep. 640; S. C. 32 Fed. Rep., 767.) (v) Married women, AVIIO are permitted by the laws of the State in which they reside to become shareholders in national banks, are liable to assessments under the national banking laws. (In re., First National Bank of St. Allans, 19 Fed. Rep., 120.) (w) The coverture of a married woman, who is a shareholder in a national bank, does not prevent the receiver of the bank from recovering judgment against her for the amount of an assessment levied upon the shareholders equally and ratably under the statute. (Keyser v. Hitz, 133 U. S., 138.) (x) While it is undoubtedly the rule as regards stockholders that one put upon the books as a stockholder without his consent can not be held for any liability in respect to such stock, yet where the person to whom the stock is transferred is a director of the bank, and is concerned in the management of its affairs, he must be presumed to have knowledge of the fact that the stock stood in his name, and if he has not repudiated the transfer to himself is liable as the holder of such stock. (Brown v. Finn, 34 Fed. Rep., 124.) (y) In such case the mere return of the dividends paid upon the stock to the person by whom the transfer was made will not be a sufficient repudiation thereof. (Ibid.) (z) A person who received dividends on shares of stock standing in his name on the books of a national bank is estoppecUfrom denying his liability on the ground that he returned the same by check to an officer of the bank. He is presumed to be the owner of the stock when his name appears upon the books of the bank, and the burden of proof is upon him to show that he is not in fact the owner. (Finn v. Brown, 142 U. S., 56.) (aa) The State statute of limitations applies to a suit brought by the receiver of a national bank against a shareholder to recover an assessment upon his stock to pay the debts of the bank. (Butler v. Poole, 44 Fed. Rep., 586.) 3. W^HEN LIABILITY DISQUALIFIES FROM VOTING: The provision of section 5144, Revised Statutes, which disqualifies shareholders " whose liability is past due and unpaid " from voting at meetings of shareholders, applies only to liability for unpaid subscriptions for stock. (United States ex rel. v Barry, 36 Fed. Rep., 246.; 4. RIGHT TO INSPECT BOOKS: Code of Alabama, 1886, section 1677, which provides that stockholders of all corporations have the right to have access to and inspection and examination of the books, records, and papers of the corporation at all reasonable and proper times, applies to national banks located within the State; and mandamus will lie against the officer having custody of the books to enforce the right. (Winter v. Baldwin, 7 So., Rep., 734.; VI. OFFICERS. 1. TENURE OF OFFICE: (a) The officers of a national banking association can hold their positions only by the tenure specified in section 5136, Revised Statutes, viz, the pleasure of the board of directors. (Harrington v. First National Bank of Chittenanao, S. C. N. T.. 1873. Thomp. N. B. Cas., 761; see also Taylor v. Hutton, 43 Barb., 195.; 10G REPORT (>V TllU COMPTROLLER OF THE CURRENCY. 1. TENURE OF OFFICK— ('oniiniKMl. (&) Directors of nation:) 1 haul;ing associations may remove the president, both under the law of Congress and the articles of association, where the latter so provide. The power exists, though the association has adopted no bylaws. (Taylor v. Hut ion, supra.) 2. BONDS OF OFFICERS: (a) It is not necessary that national banking associations shall signify their approval of the official bonds of their officers by memoranda entered upon the journals or minutes of the directors. The acceptance is to be presumed from the retention of the bond, and from the fact that the officer is permitted to enter upon or continue in the discharge of his duties. (Grover v. The Lebanon National Bank, 10 Bush., 23.) (o) Where the sureties of an officer can reasonably be presumed to have been deceived by the statement of the condition of the bank published just prior to the execution of the bond, and to have been led to think that there was no deiicit, whereas there had been a misapplication of a large part of the funds by the officer whose bondsmen they became, which fact would have been ascertained had the directors exercised ordinary diligence, the sureties are discharged from their liability. (Grover v. The Lebanon National Bank, supra.) 3. DIRECTORS MUST ACT AS A BOARD: The election of an individual as a director does not constitute him an agent of the corporation with authority to act separately and independently of his fellow members. It is the board duly convened and acting as a unit that is made the representative of the association. The assent or determination of the members of the board acting separately and individually is not the assent of the corporation. The law proceeds upon the theory that the directors shall meet and counsel with each other, and that any determination affecting the association shall be arrived at and expressed only after a consultation at a meeting of the board, attended by at least a majority of its members. (National Banlc v. Drake, 35 Kans., 564.) 4. BORROWING MONEY OF ASSOCIATION: An officer may, in the ordinary course of business, borrow money of the association. (Blair v. First National Bank of Mansfield, U. 8. 0. C. (N. I). Ohio), 1877, 10 Chicago Legal News, 84.) 5. LIABILITY FOR VIOLATIONS OF LAW: (a) All directors who participate in and assent to a loan in excess of one-tenth of the capital of the* bank, in violation of section 5200, Revised Statutes, will be liable to the bank for all damages sustained by it in consequence of such loan. (Witters v. Soivles, 31 Fed. Rep., 1.) (b) If a cashier, without authority from the directors so to do, makes a loan in excess of one-tenth of the capital of the association, he will be liable, in case of loss, for the amount of the excess. (Second National Bank of Oswego v. Burt, XIVNew York Weekly Digest, 290. Reversed in court of appeals on ground that transaction was discount of bill of exchange drawn against actually existing values, 93 N. Y., 233.) (c) The directors of a national bank will not be held liable for loss occasioned to the bank through the frauds of a co-director in which they had no part, and which were perpetrated without their connivance or knowledge. It is not sufficient to charge them with liability that the frauds might have been prevented by the exercise on their part of a proper degree of supervision over the affairs of the bank. (Movius v. Lee, U. 8. C. C. (N. 1). N. Y.), 30 Fed. Hep., 298.) (d) But directors of a national bank must exercise ordinary care and prudence in the administration of the affairs of the bank, and this includes something more than officiating as figureheads; they are entitled under the law to commit the banking business as defined to the duly authorized officers, but this does not absolve them from the duty of reasonable supervision nor ought they be permitted to be shielded from liability because of want of knowledge of wrongdoing if that ignorance is the result of gross inattention, (llr'tgg* v. Spaulding. 141 U. 8., 131.) (e) Directors of a national bank are "officers" within the meaning of Revised Statutes, United States, section 5209, which makes it a misdemeanor for bank officers to make false entries in any book, report, or statement of the bank, with intent to deceive any of its officers. (United States v. Means et al.,-42 Fed. Rep., 599.) REPORT OF THE COMPTROLLER OF THE CURRENCY. 107 r>. LIABILITY roll vioi,A'iioxs <>i- LAW—Continued. (/) The personal liability of directors of a national "bank for violation of Revised Statutes, United States, section 5204, by declaring dividends in excess of net profits, and of section 5200, for loaning to separate persons, firms, or corporations amounts exceeding one tenth of the capital stock, can not be enforced in an action at law. ( Welles v. Graves, ilFed. Hep., 459.) (</) Under Revised Statutes, United States, section 5239, providing that if the directors of a national bank shall violate any of the provisions of the title relating to the organization and management of banks, the franchises of the bank shall be forfeited, such violation, however, to be determined by a proper court of the United States in a suit therefor by the Comptroller, and that in cases of such violation every director participating therein shall be personally liable for all damages which the bank, its shareholders, or any other person shall have sustained in consequence thereof, the Comptroller can not authorize the receiver to bring suit, under section 5234, to enforce such personal 1 lability, until it has been adjudged by a proper court that such acts have been done as authoiize a forfeiture of the charter. (Ibid.) (h) The right to maintain an action under Revised Statues, United States, section 5239, to recover from a bank director the damages sustained by his bank in consequence of excessive loans made by him while serving in the capacity of director, is not affected by the fact that the Comptroller has or has not procured a forfeiture of the bank's charter. (Stephens v. Overstoh, 43 Fed Rep., 771.) (i) For services performed by the district attorney in bringing a suit against a national bank, and obtaining a forfeiture of its charter, he is not entitled to more than $10, the fees prescribed by section 824, there being no other law of the United States giving a compensation to a district attorney for such services. (Bashaw v. United States, 47 Fed. Hep., 40.) (j) A stockholder of an insolvent national bank for which a receiver has been appointed can not maintain an action at law against the directors for the purpose of making them personally liable for the mismanagement of the bank, but the action must be brought by the receiver. (Howe v. Barney, 45 Fed. Hep., 668.) (1c) Revised Statutes, United States, sections 5234 and 5239, prescribing the method of enforcing the liability of the directors of national banks for violation of the banking law, are exclusive of other remedies, and a creditor of an insolvent bank for which a receiver has been appointed, can not sue its directors for the purpose of making them personally liable for the mismanagement of the bank. (National Exchange Bank v. Peters et al., 44 Fed. lieiL, 13.; 6. DIRECTORS OF CONVERTED BANKS: (a) When a State bank is converted into a national banking association all of the directors at the time will continue to be the directors of the association until others are appointed or elected, though some of them may not have joined in the execution of the articles of association and organization certificate. (Lock-wood v. TJie American National Bank, 9 R. I., 308.) (b) And semble, that the directors of a bank at the time of its conversion into a national banking association are not required to take the oath of directors. (Ibid.) (c) But even were the oath required, a majority of all who were directors at the time of the conversion, and not merely a majority of those who take the oath, are necessary to constitute a quorum. (Ibid*.) 7. RETIREMENT OF DIRECTORS: (a) The law providing no particular mode by which a director is to resign from the board, an oral resignation would be as good as any. (Movius^v. Lee, 30 Fed.Eep., 298.) (b) The president being the head of the board, a resignation to him is a resignation to the board. (Ibid.) (c) A director is not prohibited from resigning during the year. The apparent purpose of the provision in regard to the term of office is to make it conform to the time of the new election, and not to absolutely require every director to serve the full term. (Ibid.) 108 REPORT Ol1 THtt COMPTROLLER OF THE CURRENCY. VII. INTEREST. 1. WHAT INTEREST ASSOCIATIONS MAY TAKE: (a) The provision in section 30 of the act of 1864 "that where, "by the law of any State, a different rate is limited for banks of issue organized understate laws, the rate so limited shall he allowed for associations organized in any such State under the act," is enabling, and not restrictive; and, therefore, a national hanking association in any State may stipulate for as high a rate of interest as by the laws of such State a natural person may, although State banks of issue are restricted to a less rate. {Tiffany v. National Bank of the State of Missouri, 18 Wall,, 409.) (b) But it is not to be inferred from Tiffany v. National Bank of Missouri that whatever by the laws of the State is lawful for natural persons in acquiring title to negotiable paper by discount is lawful for national banks. (National Bank v. Johnson, 104 U. 8., 271.) (c) The interest which a national banking association may charge is limited to the rate allowed to the banks of the State generally; and the fact that a few of the State banks are specially authorized to take a higher rate is not a warrant for a national banking association to do so. {Duncan v. First National Bank of Mount Pleasant, U. S. D. C. (W. D. Venn., 1878), 11 Bank Mag., 787; Gruber v. First National Bank, 87 Penn. St., 468.) (d) Where the State law does not limit the rate of interest which may be charged on loans to corporations, a national banking association located in that State can not charge more than 7 per cent interest on such loans. (In re Wild, 11 Blatcli., 243.) (e) Where by the statutes of the State parties are authorized to contract for any rate of interest, national banking associations in that State may likewise contract for any rate, and are not limited to 7 per cent. (Hinds v. Marmelejo, 60 Cah, 229; National Bank v. Bruhn, 64 Texas, 571.) 2. ON CLAIMS AGAINST INSOLVENT AND LIQUIDATING ASSOCIATIONS : (a) A depositor in a national banking association which has become insolvent is entitled to interest on his deposit. (National Bank of Commonwealth v. Mechanics' National Bank, 94 U. 8., 437.) (b) He is entitled to interest from the date of the suspension of payments; and no demand upon the association is necessary. (Chemical National Bank v. Bailey, 12 Blatch., 480.) (c) Claims, when proved to the satisfaction of the Comptroller, are upon the same footing as if put in judgment, and therefore bear interest; and the fact that, under certain circumstances, there might be thus a compounding of interest will not defeat the right to interest. (National Bank of Commonwealth v. Mechanics' National Bank, supra.) (d) But where a creditor has obtained judgment against an insolvent national hanking association for the full amount of his claim and interest, he is not entitled to interest upon the face of the judgment, but only upon the amount of the claim at the time of the failure. ( White v. Enox, 111 U. S., 784.) (e) The creditors of an insolvent national banking association in the hands of a receiver are entitled to interest on their claims during the period of administration. (Chemical National Bank v. Bailey, supra.) (/) The assessments made by the Comptroller upon the shareholders of an insolvent association bear interest from the date of the order. (Casey v. Galli, 94 U> S., 673.) (g) In the case of book accounts in favor of depositors, interest begins to run against an association in liquidation from the date of the suspension of business. (Richmond v. Irons, 121 U. 8., 27.) 3. USURY: (a) The usury laws of the States do not apply to national banking associations. (Farmers and Mechanics' Bank v. Dearing, 91 U. 8., 29; Central National Bank v. Pratt, 115 Mass., 539; First National Bank v. Gorlinghouse, 22 Ohio St., 492; Davis v. Randall, Ho Mass., 547; Hintermister v. First National Bank, 64 N Y., 212.) (b) And the remedies provided by the State for the taking of usury can not be resorted to. (Farmersand Mechanics1 Bank v. Dearing, supra; Wiley v. Star1)nek, 44 2nd., 298.) (c) The taking of illegal interest by a national banking association does not render the contract void. (Farmers and Mechanics' Bank v. Dearing, supra.) REPORT OF THE COMPTROLLER OF THE CURRENCY. 3. UsuitY—Continued. (d) It does not invalidate an indorsement or a guaranty of the notes upon which the usurious interest was paid. (Gates v. First National Bank of Montgomery, 100 U. S., 239; Lazsar v. Nation ah Union Bank of Baltimore, 52 Md., 78.) (e) But usury destroys the interest-hearing power of the obligation; and there will he no point of time from which it can bear interest. (Lucas v. Government National Bank, 78 Penn. St, 228.) (/) The usury works a forfeiture of the entire interest accruing after maturity and before judgment, as well as that which accrues before maturity. (Shunk v. The First National Bank of Gallion, 22 Ohio St., 508.) (g) The discounting of business paper by a national banking association at a higher than the legal rate is usurious, though the law of the State fixes no limit to the rate which natural persons may take for the discount or purchase of such paper. (Johnson v. National Bank of GloversviUe, 74 N. Y., 329; affirmed in National Bank v. Johnson, 104 U. S., 271.) (h) By charging more than legal interest on overdrafts, a national banking association loses the right to recover any interest at all. (Third National Bank of Philadelphia v. Miller, 90 Penn. St., 241.) (i) The liabilities of antecedent parties to a note or bill will not be affected by the usurious character of the transaction between the payee and the association; and the association may recover the full amount of the note or bill from the maker or acceptor. (Smith v. The Exchange Bank of Pittsburg, 26 Ohio St., 141.) (j) Usurious interest which has been paid to a national banking association can not be applied by way of payment or set-off in any action by the association to recover the amount of the loan. (Barnet v. Muncie National Bank, 98 U. £., 855.) (k) Nor can the penalty for taking the usurious interest be recovered byway of counter-claim in such action, but a separate action must be brought therefor. (Ibid.) NOTE.—This case overrules portions of the decisions in Lucas v. Government National Bank, supra; Overholt v. National Bank, 82 Penn. St., 490; Cake v. The First National Bank of Lebanon, 83 Penn., St., 303. (I) A director is not by reason of his position estopped from setting up the defense of usury in an action brought against him by the association. (Bank of Cadiz v. Slemons, 34 Ohio St., 142.) (m) Where a national banking association has discounted notes for another bank at a usurious rate of interest, the fact that the other bank has charged illegal interest on those notes to its customers will not affect its right to set up the defense of usury in an action by the association. (Third National Bank of Philadelphia v. Miller, supra.) (n) The amount which may be recovered from the association as a penalty is twice the amount of interest paid, and not simply twice the amount in excess of the legal rate. (Crocker v. First National Bank of Chetopa, U. S. C. C. (Eighth Circuit), 3 Am. L. T. [N. S.],350; Overholt v. National Bank of Mount Pleasant, 82 Perm. St., 490; see also Barnet v. Muncie National Bank, supra.) (o) The purchase of accepted drafts by a national bank from the holder without his indorsement at a greater reduction than lawful interest on their face value is a discounting of those drafts, within the meaning of Revised Statutes, United States, section 5197, which prohibits such bank from taking interest on any loan or discount made by it at a greater rate than is allowed by the laws of the State where it is situated. (Danforth et al. v. National State Bank of Elizabeth, C. C. of Appeals (Third Circuit), 48 Fed. Hep., 271.) VIII. INSOLVENT ASSOCIATIONS. 1. NOT SUBJECT TO BANKRUPT ACT: National banking associations were not subject to the bankrupt act while that act was in force. (In re Manufacturers7 National Bank, 5 Biss., 499.) 2, WHAT CONSTITUTES INSOLVENCY: The term " insolvency," as used in section 5242, Revised Statutes, forbidding transfer of the assets of national banking associations after, or in contemplation of, such insolvency, has the same meaning as it had when applied to traders in the bankrupt act; that is, it does not mean an absolute inability of a debtor to pay his debt at some future time, upon a settlement and winding up of his affairs, but a present inability to pay in the ordinary course of business. (Casev. Citizens' Bank of Louisiana, 2 Woods, 23; Mar ket Bank v. Pacific National Bank, 30 Hun, 50.) 110 REPORT OF THE COMPTROLLER OF THE CURRENCY. 3. ASSETS A TRUST F I N D : Upon the appointment of a receiver all the assets of the association become in his hands a trust fund which the statute of limitations does not touch or affect. (Riddle v. First National Bank, U. S. C. C. (IF. 1). Penn.), 27 Fed. Rep., 503.) NOTE.—But this point was not necessary to the decision of the case, for suits against insolvent corporations are by a law of Pennsylvania expressly excluded from the operation of the statute. 4. UNITED STATES HAS NO PRIORITY: (a) Section 3466, which gives the United States a priority for all claims it has against insolvent debtors, does not apply to the case of an insolvent national banking association. (Cook County National Bank v. United States, 107 U. S., 445.) (b) And as against the proceeds of the bonds deposited to secure circulation the United States can set off no claim, except for money advanced to redeem the notes. (Ibid.) (c) And upon the failure of an association its 5 per cent redemption fund can not be retained by the Treasurer to pay taxes due to the United States, but the fund passes to the Comptroller as an asset of the association. (Jackson v. United Slates, 20 Ct. Cls., 298.J 5. CLAIMS FOR TORTS: Claims arising out of the nonfeasance or malfeasance of the association should be paid rat ably with the debts, technically so called. (Turner v. First National Bank of Keokuk et at., 26 Iowa, 562.) 6. PREFERENCES : (a) A preference, to be within the meaning of section 5242, Revised Statutes, must be given to an existing creditor to secure a pre-existing debt. A transfer by an insolvent bank to secure a contemporaneous loan is not a violation of the law. (Casey v. La Society de Credit Mobilier, 2 Wood, 77.) (b) Revised Statutes, United States, section 5242, which prohibits all transfers by any national banking association made after the commission of an act of insolvency, or in contemplation thereof, with the view to a preference of one creditor over another, is directed to a preference, not to the giving of security when a debt is created; and if the transaction be free from fraud in fact, and is intended merely to adequately protect a loan made at the time, the creditor can retain property transferred to secure such a loan until the debt is paid, though the debtor is insolvent, and the creditor has reason at the time to believe that to be the fact. (Armstrong v. Chemical National Bank, 41 Fed. Rep., 234.) (c) A banker's lien for the amount of the balance of its general account does not exist when the securities have been deposited with the bank for a special purpose, or for the payment of a particular loan. (Ibid.) (d) Revised Statutes, United States, section 5242, which invalidates all transfers of the notes, bonds, or bills of exchanges of a national bank, after the commission of an act of insolvency, with the view to the preferences of one creditor over another, does not prohibit a bank which has in good faith accepted the draft of a national bank the day before the hitter's insolvency, and afterward paid the same, from applying the proceeds of collections made by it, on paper in its hands belonging to the insolvent bank, to the payment of the draft, since its lien on such collections runs from the date of the acceptance. (In re Armstrong, 41 Fed. Hep., 381.) (e) The insolvency need be in the contemplation of the bank only. It need not1 be known to the person to whom the transfer is made. (Case v. Citizens Bank of Louisiana, supra.) (/) After the directors of an insolvent association have voted to close its doors, any transfer of assets whereby a creditor secures a preference must be presumed to be made with an intent to prefer. (National Security Bank v. Price, 22 Fed. Rep., 697.) (g) Where the officers of an association which is in danger of insolvency, for the purpose and in the expectation of presenting a failure, make a pledge of securities to a depositor to induce him not to withdraw his deposit, such a pledge is not a preference within the meaning of section 5242, Revised Statutes, and will not be set aside when the association afterward is declared insolvent. (Roberts v. Bill, 23 Fed. Rep., 311.) (/<) Where an insolvent association receives a deposit a short time before closing its doors, its officers knowing of the insolvency at the time, the receipt of such deposit is a fraud upon the depositor, and no title passes to the REPORT OF T H E C O M P T R O L L E R OF THE CURRENCY. Ill EFERI:X(M;^—Continue.!. association, and therefore the depositor may reclaim the whole amount of the deposit; and as he claims under his original title, and not under a transfer from the association, such reclamation does not amount to a preference. (Graffie et at. v. Hartley, 99 N. Y., 131.) (i) A trust was not impressed upon funds deposited on day the bank closed its doors in the absence of proof that the deposit had not gone into the general fund of the bank and lost its identity before reaching the receiver. (In re North River Bank, 14 N. Y., 261.) (j) But a creditor will not have a lien upon the funds of the association because checks given in settlement of balances were fraudulent, and were given at a time when the bank was hopelessly insolvent and its officers were con1 templating flight. (Citizens National Bank v. Dowd, 35 Fed. Rep., 340.) (7c) Where the proceeds of an item indorsed "for collection and return." were mingled with other moneys of the bank, if it was a breach of trust it was a conversion, and plaintiff became a simple contract creditor, with no preference at law. (Philadelphia National Bank v. Dowd, 38 Fed. Rep., 172.) (I) Where by agreement and custom a national bank received drafts from its correspondent indorsed "for collection for the," and credited it to them as cash, with the understanding that any unpaid draft should be charged back, and where the collecting bank failed before collection, the proceeds of the draft coming into the hands of a receiver, the correspondent bank has the rights of a general creditor only. (First National Bank v. Armstrong, 39 Fed Rep., 231.) (m) Where plaintiff and defendant banks for several years had ucted as agents for each other in the collection of checks, notes, and drafts, the practice being for each to credit the other for checks when received and for drafts and notes when advised of their payment, and a check was returned unpaid after being credited, the amount thereof charged back again, but amounts actually collected being mingled with the general funds of either bank, and where plaintiff sent defendant a note "for collection and credit" which on maturity was paid by a check and credit was immediately given on the books, but defendant failed and the check passed into the hands of a receiver—Held, that in view of the course of dealing the two banks stood in the relation of debtor and creditor with respect to the amount of the check, and it became part of the assets of the bank. (Franklin County National Bank v. Heal, 49 Fed. Rep., 606.) (n) Whether the title to a check deposited with a bank passes to the bank before collection, so as to immediately create the relation of debtor and creditor between it and the dex>ositor, is a question of fact, depending upon the circumstances and course of dealing in each particular case. (City of Somerville v. Seal, 49 Fed. Rep., 790.) Where a bank in accordance with its custom credited checks deposited by a customer at the close of each day's business, retaining the right to subsequently charge off the same if returned unpaid from the clearing house, and the bank became insolvent on a succeeding day, title in the checks passed to the bank so as to create the relation of debtor and creditor. (Ibid.) (o) Where a national bank collected all papers sent to it by complainant under an arrangement which constituted the bank the agent of complainant, the latter can recover, on the ground of a trust, from a receiver of the bank such portion only of the proceeds of its paper sent to the bank as it shows has passed into the receiver's hands, either in its original or some substituted form. (Commercial National Bank v. Armstrong, 39 Fed. Rep., 684.) (p) Where checks and drafts sent from one bank to another indorsed "for collection "and credited "subject to payment" according to the dealings between the banks, and part of them were paid to the receiver of the latter bank after its failure and the balances were credited to it by the payors, the amount paid the receiver should be accounted for as a trust fund, but the balance as a general debt. (First National Banky. Armstrong, &2Fed. Rep., 193.) (q) Negotiable paper with restrictive indorsement credited by agent on date of receipt "subject to payment," although account is subject to be drawn upon, title is not transferred, and upon the insolvency of the agent before receiving notice of the .collection of the item, the owner is entitled to the proceeds in the hands of the collecting agent. (Fifth National Bank v. Armstrong, 40 Fed. Rep., 46.) 112 6. REPORT OF THE COMPTROLLER OF THE CURRENCY. PREFERENCES—Continued. (r) The drawers of a draft deposited with a bank for collection, and by it forwarded to a correspondent bank, are entitled to the amount as against the receiver of the forwarding bank, which was insolvent, and known to be so by its officers when it received the draft, and suspended payment before the proceeds were withdrawn from the collecting bank, {importers and Traders' National Bank v. Peters et al., 123 Court of Appeals, N. Y., 272.) (s) When a bank which has received a draft for collection sends it to another bank for that purpose, and on being advised that the latter bank has collected the draft credits the depositor and then becomes insolvent without having received the money from the collecting bank, the depositor remains the owner of the draft, and is entitled to its proceeds from the collecting bank against the receiver and the creditors of the insolvent bank. {Armstrong v. National Bank of Boyertown {Court of Appeals, Ky.), 11 S. W. Rep., 411.) (t) A bank which collects a draft sent to it by another bank for that purpose, with directions to remit the proceeds to a third bank for the owner's account does not thereby become a trustee, so that the fund can be followed into the hands of a receiver, although it had become mixed with the other cash of the bank before his appointment; especially when it appears that the business was carried on, and money paid out, for several days after the collection was probably made. {Merchants and Farmers7 Bank v. Austin et al., 48 Fed. Rep., 25.) 7. BASIS FOR ESTIMATION OF DIVIDENDS: In estimating the dividends to be paid out of the assets of an insolvent association, the value of the claims at the time when the insolvency is declared is to be taken as the basis of distribution. ( White v. Knox, 111 U. S.f 784.) 8. SET-OFF: {a) A person liable upon a note to an insolvent national bank may set off against his indebtedness the amount of his deposits with the bank. (Platt v. Bentley, Thomp. N. B., Cas., 758.) {b) But a debtor can not set off the amount of a deposit assigned to him after the act of insolvency committed. {Venango National Bank v. Taylor, 56 Venn. St., 14.) (c) Funds received on the discounting of a note and deposited with the discounting bank, subject to the check of the depositor and which had been drawn upon by him, but were intended by him to meet the note when due, can not be pleaded as a set-oft" in an action on the note brought by the receiver of the discounting bank who received the note before maturity. (Armstrong v. Scott, 36 Fed. Bep.f 63.) _ * (d) The endorser of a note discounted by a national bank and which matures after the bank becomes insolvent and a receiver is appointed is entitled to set-off against the note the amount of his deposit in the bank at the time of its failure. {Circuit Court of Appeals {Third Circuit), 51 Fed. Rep,, 506.) NOTE.—This affirms Yardley v. Clothier, 49 Fed. Rep., 337, and overrules Armstrong v. Scott, 36, Fed. Rep., 63, and Stephens v. Schuchmann, 32 Mo. App., 333. {e) The commercial paper of a national bank becomes overdue and dishonored after the commission of an act of insolvency and appointment of a receiver, and is subject to all equities between the bank and the original party to whom it was payable. ( U. S. D. C. (N. D. III.), May, 1890.) (/) A set-off under Illinois statute in favor of the maker of a note or bill is available if the paper is assigned after due, whether arising out of the same transaction or otherwise. {Ibid.) 9. CLAIM FOR BREACH OF CONTRACT OF LEASE : Where a national bank has leased a banking house for a long term of years, and subsequently becomes insolvent, but during the time it continued business had not defaulted in paying the rent, the lessor has no claim against the receiver by reason of the insolvency or dissolution of the corporation or the forfeiture of its franchises, or by the refusal of the receiver to take under the contract and pay the rent. {Fidelity Safe Deposit and Trust Co. v. Armstrong, 35 Fed. Rep., 567.) REPORT OF THE COMPTROLLER OF THE CURRENCY. 113 IX. RECEIVER. 1. OFFICER OF THE UNITED STATES : A receiver, when appointed by the Comptroller, with the concurrence of the Secretary, is an. officer of the United States. (Stanton v. Wilkeson, 8 Ben., 357.) 2. WHOM HE REPRESENTS: He represents the bank, its stockholders, and its creditors; but he does not in any sense represent the Government. (Case v. Terrell, 11 Wall., 199.) 3. HOW FAR SUBJECT TO COMPTROLLER'S ORDERS: • (a) The clause of section 50, act of 1864, which prescribes that the receiver shall be " under the direction of the Comptroller,;; means only that he shall be subject to the Comptroller's direction, not that he shall not act without orders. He may bring suit to collect assets without having been instructed to do so by the Comptroller. (Bank v. Kennedy, 17 Wall.) (b) The receiver of a national bank is the instrument of the Comptroller, and may be removed by him. (Kennedy v. Gibson, 8 Wall., 505.) 4. POWER OF COURTS TO APPOINT: (a) The power of the Comptroller to appoint a receiver is not exclusive; it does not oust the courts of equity of their authority in the matter; and therefore a court of competent jurisdiction may place the bank in the hands of a receiver in cases where, according to the rules of equity, it may pursue such a course with regard to insolvent corporations generally. (Irons v. Manufacturers' National Bank, 6 Biss., 301; Wright v. Merchants' National Bank, 1 Flippin, 561.) (b) Where a bank has gone into voluntary liquidation, and the Comptroller has no power to appoint a receiver, a proper court, in a case where such action is necessary to protect the interests of a creditor, will appoint a receiver for it. (Irons v. Manufacturers' National Bank, supra.) (c) Where a national bank is insolvent and in process of voluntary liquidation, and its affairs are being greatly mismanaged by its managing agents, to the injury of its creditors and stockholders, and some of the creditors and stockholders are being favored to the injury of others, a receiver may be appointed in such a case, even where the bank only has been made a defendant. (Elwood v. First National Bank, 21 Kans., 673.) 5. DEBTORS OF ASSOCIATION CAN NOT QUESTION LEGALITY OF APPOINTMENT: The legality of the appointment of the receiver can not be questioned by the debtors of the bank when sued by him. The bank may move to have the appointment set aside, but the debtors can not. (Cadlev. Baker, 20 Wall., 650; see also Platt v. Beebe, 57 N Y., 339.) 6. RECEIVER'S DECISION NOT FINAL : The decision of a receiver rejecting a claim is not final. The claimant still has the right to sue. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383.) 7. SALE KY: (a) The receiver can not sell the real or personal property of the bank without an order from a court of competent jurisdiction. (Ellis v. little, 27 Kans., 707.) (b) Nor can he sell upon the terms in conflict with the order. (Ibid.) (c) And under an order permitting him to sell the property of the bank he can not exchange, trade, or barter it for other property. (Ibid.) (d) A sale made by a receiver under order of a court is to all intents and purposes a judicial sale. (In re Third National Bank, 9 Biss., 535.) 8. CONTRACTS OF: (a) As the power of a receiver of a national bank appointed by the Comptroller is limited; a person dealing with him in his official capacity is bound as a matter of law to have knowledge of his authority to act, and if contracts and agreements are entered into with the receiver in excess of his authority as conferred by law, the parties contract at their own peril and the estate of the bank can not be charged for the default or inability of a receiver acting outside of his functions as receiver and beyond the duties which it involves. (Ellis v. Little, 27 Kans., 707.) (b) The receiver can not charge the estate of the bank by any executory contract, unless authorized so to do by the provisions of the national banking law and the order of a court of competent jurisdiction obtaine^upon the terms of said law. (Ibid.) 9647 8 114 REPORT OF THE COMPTROLLER OF THE CURRENCY. 9. EXPENSES OV RECEIVERSHIP FOR ASSOCIATION WHICH HAS GONE INTO LIQUIDATION : Where after au association has gone into liquidation a receiver is appointed at the instance of the creditors, the expenses of such receivership must be paid by the creditors. The shareholders can not be made individually liable for such expenses. (Richmond v. Irons.) X. TAXATION. 1. WHAT MAY BE TAXED: (a) A State can not tax the capital stock of a national bank as such. The tax must be assessed upon the shares of the different stockholders. (Collins v. Chicago, A Biss., 472.) (b) Under Revised Statutes, United States, section 5219, which declares that nothing in the national banking act shall prevent all the shares of stock of a national bank from being included in the assessment of the personal property of the owners of such shares, an assessment of the entire stock of a national bank in solido against the bank its self is invalid. (National Bank of Virginia v. City of Richmond et ah, 42 Fed. Hep., 877.) (c) The assessment of the entire capital stock of a national bank in solido against the bank itself is invalid. The bank may pay the tax assessed upon the shares of its different stockholders, and it will have a lien thereon when it pays such tax until the same is satisfied; but if for any cause the tax levied upon the different stockholders is not paid by the bank, the property of the individual stockholders will be liable therefor. (First National Bank of Leoti v. Fisher, 45 Kons. 726, April 11, 1891.) (d) The individual stockholders of a national bank are allowed the same deductions from the assessment against them upon their shares of stock as other taxpayers in the State, owning moneyed capital,, are allowed. (Ibid.) (e) The term "moneyed capital" as used in Revised Statutes, United States, respecting State taxation of shares in national banks embraces capital employed in national banks and capital employed by individuals when the object of their business is the making of profit by the use of their moneyed capital as money. (Talbot v. Silver Boiv County, Montana, 139 U. 8., 438) (/) Laws, New York, chapter 596, section 3, which provide that the stockholders in banks and trust companies organized under the authority of the State or of the United States shall be assessed for the value of their shares of stock, but which omits to provide for the taxation of the shares of stock in other private corporations, does not contravene Revised Statutes, United States, section 5219, which forbids the taxation of shares of national banks at a greater rate than is assessed on other umoneyed capital" in the hands of the individual citizens of the State. (Palmer v. McMahon, U. S. S. C). (g) The shares of a national bank are taxable to the owners, and the bank is not liable primarily or as the agent of the shareholders, under the act of Congress or the various laws uf the State or Territory, for the payment of a tax levied upon such shares; but if such bank, through its proper officers, voluntarily lists such shares as the property of the bank for taxation, and the taxing officers of the State or Territory in pursuance of such erroneous listing tax the same in the name of the bank, equity will not relieve the bank from the payment of such tax by enjoining its collection in the absence of a proper application to all the statutory tribunals authorized to hear such matter and determine and grant the proper relief. (A Ibuquerque National Bank v. Peoria et ah (S. C, N. Hex.), January 28, 1892.) (h) The entire interests of the shareholders may be taxed without any deduction for- that portion of the capital which is invested in United States securities. (Van Allen v. The Assessors, 3 Wall., 573.) (i ) New shares issued by a national banking association can not be taxed until the increase of capital has been approved by the Comptroller of the Currency. (Charleston v. People's National Bank, 5 8. C.t 103,) (j) The manifest intention of the law is to permit the State in which a national bank is located to tax, subject to the limitations prescribed, all the shares of its capital stock without regard to their ownership; and, therefore, a national bank may be taxed upon the shares which it holds in another national bank. (Bank of Redemption v. Boston, 126 U. S., 60.) (k) The undivided surplus of a national banking association, unless invested in Federal securities, may be lawfully taxed by the State. (North Ward National Bank of Newark v. City of Newark, 10 Vroom, 380; First National #» Panic v. Peterborough, 56 N, II., 38.) ' REPORT OF THE COMPTROLLER OF THE CURRENCY. 115 1. WHAT MAY BE TAXED—Continued. (I) But, of course, if the surplus is taken into consideration in estimating the taxable value of the shares, it is not to he taxed separately. (North Ward National Bank v. City of Newark, supra.) NOTE.—But it has been held in Maryland that the stock of an association represents its whole property, and where a tax is assessed upon the shares a separate tax upon the real or personal estate amounts to double taxation; and, therefore, where the organic laws of the State prohibit double taxation, such a tax upon the property of an association is void. (County Commissioners v. Farmers and Mechanics' National Bank, 48 Md., 117; see alsoNational State Bank v. Young, 25 Iowa, 311, wherein it was held that the State could tax only the shares eo nomine and the real estate.) (m) The surplus fund of a national banking association is not excluded in the valuation of its shares for taxation. (Strafford National Bank v. Dover. 59 N. H., 316.) (n) Where shares of stock are assessed at their actual cash value, without any deduction for the real estate owned by the association, the real estate should not be taxed eo nomine. (Commissioners of Bice County v. Citizens' National Bank of Faribault, 23 Minn., 280.) (o) Real estate owned by a bank constitutes part of its assets, within the meaning of Code of Mississippi providing that banks shall pay a privilege tax, whose amount varies with their "capital stock or assets, " in lieu of all other taxes. (Vicksburg Bank v. Worrell, 7 So. Itep., 219.) (j>) The State can not tax the circulating notes of national banking associations. (Home v. Greene, 25 Miss., 452; contra, Board of Commissioners v. Klston, 32 Ind., 27; see also Huffin v. Board of Commissioners, 69 N. C, 498; Lily v. The Commissioners, 69 N. C, 300.) 2. RATE: (a) Where the State banks are taxed upon the capital, no tax can be imposed upon the shares of national banking associations; for, as the capital of the State banks may consist of the bonds of the United States, which are exempt from State taxation, a tax on capital is not equivalent to a tax on shares. (Van Allen v. The Assessors, 3 Wall., 573; Bradley v. The People, 4 Wall., 459.) (b) But though the tax upon the State banks is not eo nomine a tax on shares, yet if it is equivalent to such a tax the shares in the national banking associations located in that State may be taxed. (Frazer v. Seibern, 16 Ohio St., 614; Van Slyke v. State, 23 Wis., 656; Boynoll v. State, 25 Wis., 112.) (c) Where by local legislation different rates are prescribed for different classes of moneyed capital, the rate imposed upon shares of national banks should approximate as closely as may be the rate imposed upon other moneyed capital of the same or similar class, viz, shares of State banks. (City National Bankv. Paducah, U. S. C. C. (Sixth Circuit, 1877), 5 Cent. L. J., 347. (d) Congress meant no more than to require of the States, as a condition to the exercise of the power to tax the shares in national banks, that they should, as far as they had the capacity, tax in like manner the shares of banks of issue of their own creation. (LionbergerY. House, 9 Wall., 468.) (e) Therefore, where a State has previously contracted with the banks which it has chartered that they'shall not be taxed above a certain rate, a tax upon national-bank shares at a greater rate is not invalid if this rate is not greater than that assessed upon all the moneyed capital within the State, except that of the State banks. (Ibid.) (/) Any system of assessment of taxes which exacts from the owner of the shares of a national banking association a larger sum in proportion to the actual value of those shares than it does from other moneyed capital, valued in like manner, taxes the shares at a greater rate, notwithstanding that the percentage of tax on the valuation is the same as that applied to other moneyed capital. (Pelton v. Commercial National Bank, 101 U. S., 143.) 3. VALUATION: (a) In estimating the value of the shares for the purpose of taxation reference may be had to all the property and values of the bank. (Saint Louis National Banky. Papin, U. S. C. C. (Eighth Circuit), 3 Cent. L. J., 669.) (b) If no excessive valuation is complained of, and a correct result is arrived at, equity will not restrain the collection of a tax because the method of computation was erroneous. (Ibid.) (e) The shares may be valued for taxation at an amount exceeding their face value, if this amount is not at a greater rate than the valuation set upon other moneved capital in the State. (Hepburn v. School Directors, 23 Wall., 480.) 116 REPORT OF THE COMPTROLLER OF THE CURRENCY. 3. VALUATION—Continued. (d) Under 1 he statute of New York, shares in national banking associations should he taxed at their real or market value. (People v. The Commissioners of Taxes and Assessments, 94 U. S., 415.) (e) Where shares in national hanking associations are purposely valued proportionately higher than the other moneyed capital in the State, the assessment is void. (Pelton v. National Bank, 101 U. S., 143.) (/) And the collection of what is in excess of the rate imposed on the other moneyed capital may he enjoined. (Ibid.) (g) It is not required that the State should abandon systems of taxation of their own banks, or of money in the hands of their other corporations, which they may think the most wise and efficient modes of taxing their own corporate organizations, in order to make that taxation conform to the system of taxing the national banks upon the shares of their stock in the hands of the shareholders; all that is necessary is that the system of State taxation of its own citizens, of its own banks, and of its own corporations shall not work a discrimination unfavorable to the holders of the shares of the national banks. (Davenport Bank v. Davenport, 123 U. $., 83.) 4. EXEMPTIONS: (a) The intention of Congress was that the rate of taxation of the shares should be the same^as, or not greater than, the tax upon the moneyed capital of the individual citizen which is subject and liable to taxation. (People v. The Commissioners, 4 Wall, 244.) (b) Therefore, it is not a ground of objection to the validity of a tax on shares that, while deductions for United States bonds are made from the personal estates of individuals and the capital of State corporations, no deductions are made on account of the capital of national banking associations invested in such bonds. (Ibid.) (c) The fact that by the statutes creating them, which statutes were passed prior to the national banking law, State banks are entirely exempt from taxation wiH not render a tax upon the shares of national banking associations void. (City of Richmond v. Scott, 48 Ind.} 568.) (d) And a State tax upon shares in national banking associations is not rendered invalid by an exemption of the shares of other corporations, the capital of which consists of property required to be listed for taxation as such. (Mclver v. Robinson, 53 Ala., 456.) (e) Merely a partial exemption of other moneyed capital will not invalidate a tax upon shares in national banking associations. (Hepburn v. /School Directors, 23 Wall., 480.) (/) But though Congress did not contemplate that there should be an absolute equality (which in the nature of things is impossible), yet it did intend that there should be a substantial equality; and therefore, if the exemptions in favor of other moneyed capital are so palpable as to show that there is a serious discrimination against capital invested in the shares of national banking associations, the tax will be declared unlawful. (Boyer v. Boyer, 113 U. 8., 690.) (g) A State law which does not permit a deduction to be made from the assessed value of bank shares for all debts due by the holder thereof, while authorizing such a deduction to be made from the assessed value of moneyed capital otherwise invested, is void. (People ex rel. Williams v. Weaver, 100 U. 8., 539, reversing S. C, 67 JV. T.,516, and overruling People v. Dolan, 36 N. Y., 59.) (h) In the assessment and taxation of shares of national-bank stock, the owners thereof, having no other credits or moneyed capital, are entitled to deduct their bona tide debts from the value of such shares of stock. (Wasson v. Bank (Ind,), 8 N. E. Rep., 97.) ( i) Revised Statutes, section 5219, providing that shares of national-bank stock may be taxed as part of the personality of the owner, and that each State may tax them in its own manner, except that the taxation shall not be at a greater rate than is imposed on other "moneyed capital" owned by citizens of the State, and that the shares of nonresidents shall only be taxed in the city wherein the bank is located, do not authorize the taxation of the stock of a bank in solido by the city in which it does business, but only the shares of individual*owners residing in the city are taxable, and they must be taxed separately, in order that the owner may deduct from their value the amount of his personal indebtedness, where the State laws or municipal ordinances permit such deductions, and require equality of taxation. (First National Bank of' Richmond Y. City of Richmond et al.} 39 Fed* Rep., 309.) REPORT OF THE COMPTROLLER OF THE CURRENCY. \ 117 E^MPTIONS—Cojitin ued. (j) The main purpose of Congress in fixing limits to State taxation on investments in the shares of national banks, was to render it impossible for the State in levying such a tax to create and foster an unequal and unfriendly competition hy favoring institutions or individuals carrying on similar business and operations and investments of a like character; and the language of the law is to be read in the light of this policy. And, therefore, the exemption ' of shares of stock in corporations, the business of which does not come into competition with that of the national bank (e. g., railroad companies, mining companies, manufacturing companies, and insurance companies), does not invalidate a tax upon national-bank shares. Capital thus employed is not "moneyed capital" within the meaning of the act of Congress. (Mercantile Bank v. New York, 121 U. S., 138.) (h) Bonds issued by a State, or under its authority by its public municipal bodies, although they undoubtedly represent moneyed capital, yet as from their nature they are not ordinarily the subject of taxation, are not within the reason of the rule established by Congress for the taxation of nationalbank shares, and the fact that the State exempts them from taxation does not deprive it of the right to tax shares of stock of national banks in the State. (Ibid.) (I) Although deposits in savings banks constitute moneyed capital in the hands of individuals within the terms of any definition which can be given of that phrase, yet they are not within the meaning of the act of Congress in such a sense as to require that, if they are exempted from taxation, shares of stock in national banks must thereby also be exempted from taxation; for it can not be supposed that savings banks come into any possible competition with national banks. (Ibid.) (m) Under act Louisana, 1888, section 27, relating to taxation of national bank shares, making no deduction for that part of the bank's property entering into their value which consists of nontaxable State and national securities, which deduction may, under the act, be made by individuals, a tax on national bank shares violates Revised Statutes of the United States, section 5219, prohibiting the assessment of such shares at a greater rate than moneyed capital in the hands of individual citizens, and it is immaterial that the same discrimination is made against other corporations. ( Whitney National Bank v. Parker, 41 Fed. Bep., 402.) (n) The taxation of national-bank shares by the statute of Indiana without permitting the owner of them to deduct from their assessed value the amount of his bona nde indebtedness as he may in the case of other investments of moneyed capital, is a discrimination forbidden by the act of Congress. (Brittony. Evansvilie National Bank, 105 U. 8., 322.) 5. COLLECTION OF TAX FROM THE ASSOCIATION: (a) A State tax upon shares is valid, though the tax is collected from the bank. (National Bank y. Commonwealthf 9 Wall., 353.) (b) And the State may require the banks to pay a tax rightfully laid upon the shares. (Ibid.) (c) And where the tax on shares is payable by the association the collection of the tax may be enforced by distraint of its property. (First National Bank v. Douglas County, 3 Dill., 330.) (d) But where the tax laws of the State make the bank the mere agent for paying the tax on shares, and direct it to retain so much of the dividends as will answer that purpose, other agents being required to pay taxes for their principals only when they have under their control the property, money, or credit of such principals, the bank can not be made liable unless it has the control of the property, etc., of its shareholders, or has dividends in its possession, or has failed to retain them. (Hershire v. First National Bank, 35 Iowa, 272.) (e) Act Louisiana, 1888, section 27, providing that shares in banks shall be assessed to the shareholders, but requiring the bank to pay taxes so assessed, and authorizing it to collect the same from the shareholders, imposes a tax, not upon the bank, but upon its shares, as permitted by act of Congress, providing that a State may determine the manner of taxing the shares of national banks located in the State. ( Whitney National Bank y. Parker, 41 Fed. Rep., 402.) (/) No suit for the collection of a tax under State statutes imposed upon the shares'oi' stock of a national bank can be maintained against the receiver of an insolvent national bank where the property represented by the shares has disappeared; for, there being nothing from which the receiver can be 118 UKPORT OF THE COMPTROLLER OF THE CURRENCY. 5. COLLECTION OF TAX FROM TIIK ASSOCIATION—Continued. reimbursed, the tax will fall upon the assets of the bank, which belong to its creditors, and thereby violate the rule that a State can not tax the capital stock of a national*bank. (City of Boston v. Beal, 51 Fed. lie})., 306.) 6. LICENSE TAX: (a) National banking associations can not be subjected to a license or privilege tax. (Mayor v. First National Banlcof Macon, 59 Ga., 648; City of Carthage v. First National Bank of Carthage, 71 Mo., 508; National Bank of Chattanooga v. Mayor, 8 Heiskell, 814.) (b) A State law prohibiting the establishment of banking companies in the State without the authority of the legislature was not intended to apply to banking corporations created by authority of Congress, since such corporations may be legally established in the State without the consent of the legislature. (Stetson v. City of Bangor, 56 Me., 274.) 7. POWERS OF TAXING OFFICERS: (a) Municipal officers can not assess a tax upon the shares of national banking associations until authorized to do so by some law of the State. (Stetson v. City of Bangor, 56 Me., 274.) (b) The officers of a national banking association can not be compelled to exhibit to the taxing officers of a State the books of the association showing the deposits of its customers. (First National Bank of Youngstown v. Hughes. V. S. C. C. (N.I). Ohio, 1878;, Broivne's N/B. Cos., 176.) (c) Code Alabama, 1286, S. 1677, which provides that stockholders of all private corporations have the right to have access to, and inspection and examination of the books, records, and papers of the corporation, at all reasonable and proper times, applies to national banks located within the State, and the rights of stockholders are not curtailed nor the statute in conflict with Revised Statutes, United States, which provide that national banks shall not be subject to visitorial powers other than those authorized by Congress or vested in the courts of justice. (Winter v, Baldwin, Ala., 7 So., 734.) (d) The only remedy for the making of a false return to the auditor by the cashier of a bank, of the resources and liabilities of the bank for the purposes of taxation, is afforded by revised statutes of Ohio, section 2679, which provides that the auditor may examine the books of the bank, and any officer or agent of it under oath, and make out the statement; and any officer of the bank may be fined not exceeding $100 for failing to make the statement, or for willfully making a false one. (Miller v. First National Bankt 21N.E.liep.,860.) (e) A national banking association is not exempt from examination by internalrevenue officers when it has in its possession any articles subject to an internal-revenue tax. Such an examination is not the exercise of a visitorial power, and therefore is not prohibited by the provision of section 5241, Revised Statutes, that the national banks shall not be subject to any visitorial powers except those authorized by the national-bank act or vested in the courts of justice. (United States v. Rhaivn, U. S. D. C. (E. D. Penn.). Thomp. N. B. Cas., 358.) if) Where by the tax laws of a State a perpetual lien for taxes attaches to property only by virtue of a levy thereon, and such levy is not made prior to the insolvency of the bank, the taxing officers of the State will be restrained, at the instance of the receiver, from levying upon the property of an insolvent national bank, and selling it, for the purpose of collecting a tax. ( Woodward v. Ellsworth, 4 Colo., 580.) (g) A State may require the cashiers of national banking associations located within its territory to transmit lists of the shareholders to the taxing officers of the various towns in which the shareholders reside. (Waite v. Doivley, 94 U. S., 527.) 8. ENFORCEMENT OF TAXES: A tax duly assessed upon shares may be enforced in accordance with the general laws of the State on that subject. (Weld v. City of Bangor, 59 Me., 416.) 9. LOCATION OF ASSOCIATION FOR TAXING PURPOSES: An association which opens another place than that cated 7 'in that place for Camden v. Pierce, V\ S. an office for the purpose of receiving deposits in in which it was organized does not become "lopurposes of taxation. (National State Bank of C. C. (E. 1). Penn.), 18 Alb. L. J., 16.) ilEPOKT OF THE COMPTROLLER OF THE CURRENCY. 1 M) XL JURISDICTION. NOTE.—The jurisdiction of the Federal courts in national-bank cases was very materially changed by the proviso to the fourth section of the act of July 12; 1882. The proviso is as follows: " Provided, however, That the jurisdiction for suits hereafter brought by or against any association established under any law providing for national banking associations, except suits between them and the United States, or its officers and agents, shall be the same as, and not other than, the jurisdiction for suits by or against banks not organized under any law of the United States which do or might do banking business where such national banking associations may be doing business when such suits may be begun. And all laws and parts of laws of the United States inconsistent with this proviso be, and the same are hereby, repealed." The jurisdiction of the United States circuit courts in suits by or against national banks is thus deh'ned by section 4, act March 3, 1887: "SEC. 4. That all national banking associations established under the laws of the United States shall, for the purposes of all actions by or against them, real, personal, or mixed, and all suits in equity, be deemed citizens of the States in which they are respectively located; and in such cases the circuit and district courts shall not have jurisdiction other than such as they would have in cases between individual citizens of the same State. "The provisions of this section shall not be held to affect the jurisdiction of the courts of the United States in cases commenced by the United States, or by direction of any officer thereof, or cases for winding up the affairs of any such bank." 1. JURISDICTION OF FEDERAL COURTS PRIOR TO THE ACT OF JULY 12, 1882: (a) National banking associations may sue in the Federal courts. The word " b y " was omitted from section 57 of the act of 186i by mistake. (Kennedy v. Gibson, 8 Wall., 505.) (b) A national banking association may sue and be sued in the circuit court for the district in which the association is located, irrespective of the amount in controversy and the citizenship of the parties. (County of Wilson v. National Bank, 103 U. S., 770; Mitchell v. Walker U. S. C. C. (W. 1). Perm., 1879), Broione's N. B. Cas., 180; Commercial Bank of Cleveland v. Simmons, U. 8. C. C, (W. B. Ohio). 10 Alb. L. J., 155.) (c) But where the amount in controversy does not exceed five hundred dollars, the association can not sue in a Federal court outside of the district in which it is established. (St. Louis National Bank v. Brinkman JJ. 8. C. C. (D. Kans.), 1 Fed. Pep., 45.) (d) A national banking association located in one State may bring an action in the circuit court of the United States sitting within another State against a citizen of that State. (Manufacturers1 National Bank v. Baack, 8 Blatch., 147.) (e) When a national bank is sued in a Federal court the suit must be brought in the district in which the bank is located. And service upon an officer of the bank in another district will not give the court of that district jurisdiction of the cause. (Maine v. Second National Bank of Chicago, 8 Biss., 26.) (/) A United States district court has jurisdiction of a suit in equity by or against a national banking association located within the district. (First National Bank of Pittsburgv. Pitlsburg and Castle Shannon Railroad Company, 1 Fed. Rep., 190.) (g) A circuit court has no jurisdiction of a suit by a private person to compel the Comptroller of the Currency and the Treasurer of the United States to disclose what disposition has been made of the United States bonds deposited with the Treasurer by a national banking association, and for a decree directing those officers as to their duty regarding such bonds. (Van Antwerp v. JSulburd, 7 Blatch., 425; Van Antwerp v. Hulhurd, 8 Blatch., 282.) (h) Section 380, Revised Statutes, which provides that "all suits and proceedings arising out of the provisions of law governing national banking associations, in which the United States or any of its officers or agents shall be parties, shall be conducted by the district attorneys of the several districts under the direction and supervision of the Solicitor of the Treasury," does not enlarge the jurisdiction of the circuit court, and can not be held to confer jurisdiction in such suits or proceedings upon a court not having, independently of this section, authority to entertain them. (Van Antwerp v. Rulburd, 7 Blatch., 426. supra.) 120 REPORT OF THE COMPTROLLER OF THE CURRENCY. 1. JURISDICTION OF FEDERAL COURTS, ETC.—Continued. (*) National banking associations, being corporations organized under the laws of the United States, are entitled as such to remove into the circuit court of the United States suits brought against them in the State courts. (Cruikshanky. Fourth National Bank, 21B latch., 322: sea also Removal Cases, 115 V. S.,1.) (j) A United States district court has jurisdiction to authorize a receiver to compromise a debt. (Matter of Plait, 1 Ben., 534.) (7c) An action at common law to recover a debt due to the bank may be instituted by a receiver in a United States district court, he being an officer of the United States within the meaning of section 563, Revised Statutes. (Plait v. Beach, 2 Ben., 303; Stan ton v. IVUkeson, 8 Ben., 357.) (I) The power of a national banking association to take a mortgage upon real estate is a question which the party raising it should be permitted to litigate in a Federal court; and he should not be sent into the State courts to try this question on the distribution of surplus moneys in a foreclosure suit, or in a suit brought by the party holding the alleged invalid mortgage. (inreDuryca, U. S. I). C. (S.\l). N. Y.), 17 National Bankruptcy Register, 495.) 2. JURISDICTION OF FEDERAL COURTS SUBSEQUENT TO ACT OF JULY 12, 1882: (a) The-tenth subdivision of section 629, Revised Statutes, which confers upon the circuit court of the United States jurisdiction of all suits by or against any national banking association established in the district for which the court is held, has been repealed by the proviso to section 4 of the act of July 12, 1882. (National Bank of Jefferson v. Fare et al., TJ. 8. C. C. (E. I). Tex.), 25 Fed. Rep., 200.) (b) The object of this proviso was to deprive the United States courts of juris• diction of suits by or against national banking associations in all cases where banks organized under State laws could not likewise sue or be sued in such courts. (National Bank of Jefferson v. Fare et al., supra.) (c) But the proviso does not affect the right of the receiver of an insolvent association to sue in a Federal court. (Hendee v. Connecticut and P. R. R. Co., 26 Fed. Rep., 677.) (d) Nor would the act of July 12,1882, take from the circuit court jurisdiction of a suit brought against a director for negligent performance of his duties; for, as such suit rests upon the requirements of the United States laws, and by-laws made pursuant thereto, it is a case arising under the laws of the United States. ( Witters v. Foster, U. S. C. C. (I). Vt.), 28 Fed. Rep., 737.) (e) In an action against a national bank in a circuit court of the United States, if all the parties are citizens of the district in which the bank is situated, and the action does not come under section 5209 or section 5239 of the Revised Statutes, the circuit court has no jurisdiction. (Whittemore v. Amoskeag National Bank, 134 U. S., 527.) (/) The Federal courts have jurisdiction of an action between a national bank located in one State and a citizen of another State. (First National Bank v. Forest, 40 Fed. Rep., 705.) (g) An action between a receiver of an insolvent national bank and a depositor does not present a Federal question under Revised Statutes of the United States, section 5242, avoiding preferences to creditors of such an insolvent bank. (Tehan v. First National Bank et al., 39 Fed. Rep., 577.) On motion to remand to State court. (h) A receiver of an insolvent national bank is an officer of the United States within the meaning of section 563, Revised Statutes of the United States, which gives the district courts jurisdiction of "all suits at common law brought by the United States, or any officer thereof authorized by law to sue." ( U. 8. i>* C. (E. I). Mo.), Feb. 24,1890.) 3. JURISDICTION OF STATE COURTS: (a) State courts have jurisdiction of suits by and against national banking associations. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383; see also Ordway v. Central National Bank, 47 Md., 217, and Clafflin v. Houseman, 93 U. S., 130.) (I)) Where a national banking association is sued in a State court, the suit must be brought in the city or county in which the bank is located. (Cadle v. Tracey, 11 Blatch., 10i; Crocker v. Maine National Bank, 101 Mass., 240.) NOTE.—But the New York court of appeals has held that the provision of the national banking law as to the jurisdiction of State courts is j^ermissive only, and not mandatory, and that a State court, in a proper case, may entertain a proceeding against a national bank located in another State. REPORT OF THE COMPTROLLER OF THK CURRENCY. 121 3. JURISDICTION OF STATE COURTS—Continued. (Cooke v. The State National Bank of Boston, 52 N. Y., 96; Robinson v. JVational Bank of New Berne, 81 N. Y., 385; see also Adams v. Daunis, 29 Z«. ^4iw?., Sl5.) And in Talmage v. Third National Bank, 27 Hun, 61, the supreme court of New York' said: "The words of restriction to the place where said 'association is situated ; apply to the county and municipal courts, and not to the State courts. In the State courts of general jurisdiction a national banking association can be sued whenever an individual can be for the same cause/' In Cooke v. The State National Bank, Chief Judge Church questioned the constitutional right of Congress to deprive the State courts of jurisdiction in such cases. (e) A State court can entertain an action brought to recover of a national "banking association the penalty for taking usury, (Ordway v. The Central National Bank, 47 Md., 217; Hade v. McVay, 31 Ohio St., 231; Bletz v. Columbia National Bank, 87 Penn. St., 87.) (d) The State courts have jurisdiction of an action brought by a shareholder on behalf of himself and other shareholders to recover of the directors of an insolvent association damages for injuries resulting from their negligence and misconduct. (Brinckerlwff v. Bostwick, 88 N. Y., 52.) (e) A State court has no power to make an order directing the receiver of a national bank, who has been appointed by the Comptroller of the Currency, to pay a judgment obtained against the bank before the receiver was appointed.' (Ocean National Bank v. Carll, 7 Hun, 237.) (/) State courts have no jurisdiction of the case of an embezzlement of the funds of the association by one of its officers. (Commonwealth v. Felton, 101 Mass., 204; Commonwealth ex ret. Torrey v. Ketner, 92 Penn. St., 372.) (g) The defense of usury may be set up in action brought in a State court. (National Bank of Winter set v. Eyre, 52 Iowa, 114.) 4. UNITED STATES CAN NOT BE SUBJECTED TO JURISDICTION OF COURT: Neither the Comptroller nor the receiver by putting in an appearance to a suit can subject the United States to the jurisdiction of a court. (Casev. Terrell, 11 Wall., 199.) 5. CITIZENSHIP: A national banking association is for jurisdictional purposes a citizen of the State in which it is located. (Davis v. Cook, 9 New, 134.) XII. SUITS. 1. BY AND AGAINST ASSOCIATIONS : (a) Suit may be brought against a national banking association though it is in the hands of a receiver. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383; Security National Bank v. National Bank of the Commonwealth, 2 Hun, 287; Green v. The Wallkill National Bank, 7 Hun, 63.) (b) Where the tax on shares is collected from the association it may bring a suit to enjoin the collection of an illegal tax. (Cummin gs v. National Bank, 101 U. S., 153; Pelton v. Commercial National Bank, 101 'U. S., 143; Boyer v. Boyer, 113 U. S., 143.) (c) A State law authorizing national banking associations which have been converted from State banks to use the name of the original corporation for the purpose of prosecuting and defending suits is not in conflict with the national banking law, and therefore proceedings based upon a judgment obtained before the conversion maybe instituted by such association in its former corporate name. (Thomas v. Farmers' Bank of Maryland, 46 Md., 43.) (d) The conversion of a State bank into a national bank, with a change of name, under the national bank act does not affect its identity or its right to sue npon liabilities incurred to it by its former name. (Michigan Insurance Bank v. Eld-red, 143 U. S., 293.) (e) A national banking association is a foreign corporation within the meaning of a State statute requiring corporations created by the laws of any other State or country to give security for costs before prosecuting a suit in the courts of the State. {National Park Bankv. Gunst, 1 Abb. N. C, 292.) (/) As a national banking association can acquire no title to negotiable paper purchased by it, it can maintain no action thereon in a State where the person suing must be owner of the paper. (First National Bank of Rochester v. Pier son, 24 Minn., 140.) 122 REPORT OP THE COMPTROLLER OF THE CURRENCY. 4. BY AND AGAINST ASSOCIATIONS—Continued. (g) But in a, State where the holder may sue without respect to the ownership, an association may bring suit upon paper so acquired. (National Pemberton Bank v. Porter, 125 Mass.. 333: Atlas National Bank v. Savenj, 127 Mass.. 75). (h) Suits brought by a receiver can not be settled or compounded upon an order of the Comptroller; this can be done only with the authority of the court. (Case v. Small, 2 Woods, 78.) (i) An action for money against a national bank whose corporate existence is admitted is not a suit arising under the laws of the United States. (Ulster County Savings Institution v. Fourth National Bank, 8 N. Y., 162.) 2. BY SHAREHOLDERS : (a) A shareholder of a national banking association can not maintain an action against the directors to recover damages sustained for neglect and mismanagement of the affairs of the association whereby it became insolvent and its stock was rendered worthless. Such an action can be brought only by the corporation itself. (Conway v. Halsey, 15 Vroom, 462.) (b) But where the receiver refuses to bring an action against negligent directors to recover the amount which the shareholders have been compelled to contribute to pay the debts of the association, an action against such directors may be brought by a shareholder on behalf of himself and the other shareholders. (Nelson v. Burrows, 9 Abb. N. C, 280.) (c) And when the receiver is a director/and one of the parties charged with misconduct and against whom a remedy is sought, the action may be brought by a shareholder on behalf of himself and the other shareholders. (Brinckerhoffv. Bostxvick, 88 N. Y., 52.) 3. B Y RECEIVERS: (a) A receiver may sue either in his own name or the name of the bank. (National Bank v. Kennedy, 17 Wall., 19.) (b) Suits and proceedings under the act in which the United States or their officers or agents are parties, whether commenced before or after the appointment of a receiver, are to be conducted by the district attorney under the direction of the Solicitor of the Treasury. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383.) (c) But section 380, Revised Statutes, is directory merely, and the employment of private counsel by the receiver can not be made a ground of defense to a suit brought by him. (Ibid.) (d) Receivers may sue in the courts of the United States by virtue of the act, without reference to the locality of their personal citizenship. (Ibid.) (e) The provisions of the codes that every action must be brought in the name of the real party in interest, except in the case of the trustee of an express trust or of a person authorized by statute to sue, does not apply to the receiver of a national banking association suing in a Federal court held in a State which has adopted the code procedure; for the right of the receiver to sue is derived from the national banking law. (Stanton v. WilJceson, 8 Ben., 357.) (/) Under section 1001 of the Revised Statutes, no bond for the prosecution of the suit, or to answer in damages or costs, is required on writs of error or appeals issuing from or brought to the Supreme Court of the United States by direction of the Comptroller of the Currency in suits by or against insolvent national banking associations or the receivers thereof. (Pacific National Bank v. Mixter, 114 U. S., 463.) 4. BY CREDITORS OF INSOLVENT ASSOCIATION: (a) The creditors of an insolvent association must seek their remedy through the Comptroller, in the mode prescribed by the statute; they cannot proceed directly in their own names against the stockholders or debtors of the bank. (Kennedy v. Gibson, 8 Wall., 498.) (b) The writ of mandamus can not issue in a case where its effect is to direct or control the head of an executive department in the discharge of an executive duty, involving the exercise of judgment or discretion. (United States exrel. Boynton v. Blaine, 139 U. S., 306.) 5. FOR USURY: (a) The penalty for all illegal interest paid to a national banking association within two years priorfcothe commencement of proceedings may be recovered in a single action, whether the amount was in one payment or in several. (Hinttrmister v. First National Bank, 64 N, Y., 212.) REPORT OF THE COMPTROLLER OF THE CUUliENCY. 123 5. FOR t - su R Y—C!onti 11.11 ed. (b) Where a bankrupt has paid usurious interest; ILLS assignee may bring an action against the association to recover the penalty. ( Wright v. First National Bank of Greensburg, 8 Biss., 243; Crocker v. First National Bank of Chetopa, 4 Dill., 358; 3 Am. L. T. N. 8., 350.) (c) The party who paid the usurious interest is the only party to the note who is entitled to sue for the penalty. (Lazear v. National Union Bank of Maryland, 52 Md., 78.) (d) Under Revised Statutes, United States, 5198, providing that a suit against a national bank for taking usurious interest must be commenced within two years from " t h e time the usurious transaction occurred," the limitation begins to run from the time when such interest is paid. (National Bank v. Carpenter, N J., 19 A., 181.) 6. TO ENFORCE LIABILITY OF SHAREHOLDERS: (a) When the full personal liability of shareholders is to be enforced the action must be at law. (Kennedy v. Gibson, 8 Wall., 505: Casey v. Galli, 94 U. S., 673.) (b) And it may be at law, though the assessment is not for the full value of the shares; for, since the sum each shareholder must contribute is a certain exact sum, there is no necessity for invoking the aid of a court of equity. (Bailey v. Sawyer, 4 Dill., 463.) (c) But the suit may be in equity. (Kennedy v. Gibson, supra.) 7. EXECUTION: A judgment against a national bank in the hands of a receiver only establishes the validity of the claim; the plaintiff can have no execution on such judgment, but must wait pro rata distribution. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383.) 8. ATTACHMENTS: (a) When a creditor attaches the property of an insolvent bank he can not 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. (First National Bank of Selma v. Colby, 21 Wall., 609; Harvey v. Allen, lQBlatch, 29.) (b) No State court can issue an attachment against the funds of a national bank. Although the provision forbidding attachments was evidently made to secure equality among the general creditors in the division of the pro« ceeds of the property of an insolvent bank, its operation is by no means confined to cases of actual or contemplated insolvency; but the remedy is taken away altogether and can not be used under any circumstances. The effect of the provision in section 5242, Revised Statutes, is to write into all State attachment laws an exception in favor of national banks, and all such laws must be read as if they contained an exception in favor of national banks. (Pacific National Bank v. Mixter, 124 U. S., 721.) NOTE.—This case overules the decision of the New York court of appeals in Robinson v. National Bank of New Berne (81 N. Y., 385), where it was held that the national banking law does not prohibit attachments against the property of national banks, except in cases where an act of insolvency has been committed, oi is contemplated. See also National Shoe and LeatherBank v. Mechanics' National Bank, 89 N. Y., 467; BaynorY. Pacific National Bank, 93 N. Y., 371; Southwick v. First National Bank of Memphis, 7 Hun, 96. (c) Nor can an attachment be issued by a circuit court of the United States; for as by the law of Congress all power of issuing attachments against national banks before judgment has been eliminated from State statutes, thpre can be no laws of the State providing for such a remedy on which the circuit court can act. (Ibid.) 9. ABATEMENT: An action brought by the creditor of a national bank is abated by a decree of a district or circuit court dissolving the corporation and forfeiting its franchises. (First National Bank of Selma v. Colby, 21 Wall., 609.) 10. ESTOPPEL: (a) A shareholder against whom suit is brought to recover the assessment made upon him by the Comptroller will not be permitted to deny the existence of the association, or that it was legally incorporated. (Casey v. Galli, 94 U. 8., 673.) 124 REPORT OF THE COMPTROLLER OF THE CURRENCY. 10. ESTOPPEL—Continued. • (b) Where one sued by a national bank is accustomed, to deal with it as such, and does so deal with it in respect to the matter in suit, he is estopped from denying its incorporation. (National Bank of Fairhaven v. The Phoenix Warehousing Company, 6 Hun, 71.) 11. SUITS AGAINST LIQUIDATING ASSOCIATIONS: A national bank which has gone into voluntary liquidation will continue to exist as a body corporate for the purpose of suing and being sued until its affairs are completely settled. {National Bank v. Insurance Company, 104 U. £.,54; Ordway v. 'Central Xational Bank, 47 Md,, 217.) 12. TRANSITORY AND LOCAL SUITS : The provision of the banking law, section 5198, Revised Statutes, which requires that actions brought against national banking associations in State courts shall be brought in the county or city in which the association is located, applies only to transitory actions; it was not intended to apply to actions local in their character. (Casey v. Adams, 102 U. $., 66.) 13. SURVIVAL OF SUITS: Whether a suit against a director for negligent performance of his duties, as required by the statutes of the United States and the by-laws of the association, will survive against the executor or administrator depends upon, State laws. ( Witters v. Foster, U. S. C. C. (Dist. Ft), 2o Fed. Hep., 737.) XIII. EVIDENCE. 1. CERTIFICATE OF COMPTROLLER: (a) The certificate of the Comptroller of the Currency that an association has complied with all the provisions required to be complied with before commencing the business of banking is admissible in evidence upon a plea of nul tiel corporation ; and such certificate, together with proof that the association has been acting as a national banking association for a long time, is amply sufficient evidence to establish, at least prima facie, the existence of the corporation. (Mix v. The National Bank of Blooming ton, 91 J^.,20; sea also Merchants' National Bank of Bang or v. Glendon, 120 Mass.,,97.) (b) The certificate of the Comptroller that the association has complied with all the provisions of law touching the organization of associations removes any objection which might otherwise have been made to tbe evidence upon which he acted. {Casey v. Galli, 94 U. S., 673; Thatcher v. West Eiver National Bank, 10 Mich., 196.) (c) And in a suit against the association or its shareholders such certificate of the Comptroller is conclusive as to the completeness of the organization. (Casey v. Galli, supra.) (d) A letter from the Comptroller directing the receiver to institute suit, if not objected to at the time, is sufficient evidence that the Comptroller has decided that the enforcement of the individual liability of the shareholders is necessary. (Boivden v. Johnson, 107 U. 8., 251.) 2. EVIDENCE OF INSOLVENCY: (a) It is not necessary that the facts upon which the Comptroller bases his action in appointing a receiver should be established by what is competent legal evidence; but he is left to be satisfied as best he can be, under the peculiar circumstances of each case, of the facts and the necessity for the exercise of his authority. (Platt v. Beebe, 57 N. Y., 330.) (b) A return of nulla bona upon an execution issued against the property of a national bank is proof of its insolvency. (Wheelock v. Eost, 77 III., 296.) 3. NECESSITY FOR ASSESSMENT BY COMPTROLLER: It is not essential, in an action to enforce the individual liability of the shareholders of an insolvent national banking association, to aver and prove that the assessment was necessary; for the decision of the Comptroller on this point is conclusive. (Strong v. 8outhworth, 8 Ben., 331} Kennedy v. Gibson, 8 Wall., 505; Casey v. Galli, 94 U. S., 673.) REPORT OF THE COMPTROLLER OF THE CURRENCY. 125 XIV. CRIMES. 1. UNDER UMTED STATES LAWS: (a) The willful misapplication of the moneys and funds of a national banking association, made an offense by section 5209, Revised Statutes, must be for the use or benefit of the party charged or of some person or company other than the association. (United States v. Britton, 107 U. S., 655.) (&) The exercise of official discretion in good faith, without fraud, for the advantage or the supposed advantage of the association, is not punishable; but if official action be taken in bad faith, for personal advantage and with fraudulent intent, it is punishable. (United States v. Fish, 24 Fed. Rep., 585.) (c) It is not necessary that the officer should personally misapply the funds of the association. He will be guilty as a principal offender though he merely procures or causes the misapplication. (Ibid.) (d) A loan in bad faith, with intent to defraud the association, is a willful misapplication within the meaning of the statute. (Ibid.) (e) It is no defense to a charge of embezzlement, abstraction, or misapplication of the funds of a national banking association thafcthe funds were used with the knowledge and consent of the president and some of the directors. The intent to defraud is to be conclusively presumed from the commission of the offense. (United States v. Taintor, 11 Blatch., 374.) (/) Where the president, charged as a trustee with the administration of the funds of the bank in his hands, converts them to his own use without authority for so doing, he embezzles and abstracts them within the meaning of section 5209,'Revised Statutes. (In the matter of Fan Camp en, 2 Ben., 419.) (g) If, with intent to defraud the association, an officer allows a firm in which he is a member to overdraw its account, he will be guilty of misapplying the funds of the association. (Ibid.) (h) As the national banking law makes the embezzlement, abstraction, or willful misapplication of the funds of a national banking association merely a misdemeanor, a person who procures such an offense to be committed can not be punished under a State statute which provides that a person who procures a felony to be committed may be indicted and convicted of a substantive felony. (Commonwealth v. Felton, 101 Mass., 204.) (i) An indictment charging defendants with aiding and abetting a director in a willful misapplication of the money of an association must state facts to show that there has been such misapplication committed by the director. (United States v. Warner, 26 Fed. Hep., 616.) (j) Allowing the withdrawal of the deposit of one indebted to the association can not be charged as a misapplication of the money of the association. (United States v. Britton, 108 U. S., 193.) (k) It is not a willful misapplication of the moneys of the association within the meaning of section 5209, Revised Statutes, for a president who is insolvent to procure the discounting by the association of his note not well secured. (Ibid.) (I) To constitute the offense of a willful misapplication of the moneys, funds, or credits of the association within section 5209, Revised Statutes, it is not necessary that the person charged with the offense should have been previously in the actual possession of such moneys, funds, and credits under or by virtue of any trust, duty, or employment committed to him. Nor is it necessary to the commission of this offense that the officer making the willful misapplication should derive any personal benefit therefrom. When the funds or assets of the bank are unlawfully taken from its possession, and afterward willfully misapplied by converting them to the use of any person other than the bank, with intent to injure and defraud, the offense as described in the statute is committed. ( United States v. Harper. 33 Fed. Rep., 471.) (m) This criminal act may be done directly and personally, or it may be done indirectly through the agency of another. If the officer charged with it has such control, direction, and power of management by virtue of his relation to the bank as to direct an application of its funds in such manner and under such circumstances as to constitute the offense of willful misapplication, and actually makes such direction or causes such misapplication to be made, he is equally as guilty as if it was done by his own hands. (Ibid.) (n) Any entry on the books of the bank which is intentionally made to represent what is not true or what does not exist, with intent either to deceive its officers or defraud the association, is a false entry within the meaning of the statute, (United States v. Harper, supra.) 126 REPORT OF THE COMPTROLLER OF THE CURRENCY. 1. UNDER UNITED STATES LAWS—Continued. (o) It may be made personally or by direction. (Ibid.) (p) The erasure of figures already written in the books of a national bank and the substitution of other figures which falsify the state of the account constitute a "false entry" within the meaning of section 5209, Revised Statutes, by which it is declared to be a misdemeanor to make " any false entry in any book, report, or statement of the association, with intent to injure or deiraud," etc. (United States v. Crecclius, 34 Fed. Bep., 30.) (q) Where false entries are made by a clerk at the direction of the president, the latter is a principal. (In the matter of Van Campen, supra; United States v. Fish, supra.) (r) Prior to the act of February 26, 1881, a notary public holding his commission under a State had no authority to administer the oath required by section 5211, Revised Statutes; and therefore a cashier vyho made oath before such notary to a false statement of the condition of his association was not guilty of perjury. (United States v. Curtis, 107 U. S., 671.) (s) To constitute the offense of willful abstraction by an officer, defined by the statute, it is necessary that the money or funds of the association should be withdrawn by the officer or by his direction; that such taking or withdrawing should be without the knowledge or consent of the bank, or of its board of directors; that the money or funds so taken or withdrawn should be converted to the officer's own use, or for the benefit and advantage of some person other than the association, and that this should be done with intent to inj ure and defraud the association. (United States v. Harper, supra.) (t) A report of condition of a national bank, whether called for by the Comptroller of the Currency or not, which is a report in the usual form made by an officer of the bank in his official capacity, if it contains a false entry made with intent to deceive, is within Revised Statutes, United States, section 5209, which declares such false entries to be a misdemeanor. (United States v. Eughitt, 45 Fed. Hep., 47.) (u) Where false entries were made by a bookkeeper in a statement requested by a national bank examiner purporting to give the balance due todepositors, which statement it was the duty of the examiner to make and not the bookkeeper,v an indictment for making " false entries in a statement of the association will not be sustained. ( United States v. Eqe, 49 Fed. Rep., 852.) (v) In an indictment of an officer of a national bank under section 5209, Revised Statutes, United States, for making false entries in a report to the Comptroller of the Currency, it is no defense that such entries were made by a clerk and verified by the officer without actual knowledge of their truth, since it was his duty to inform himself. ( United States v. Allen. 47 Fed. Bep., 696.) 2. UNDER STATE LAWS: (a) An officer of a national banking association can not be punished under State laws for embezzling the funds of the association. (Commonwealth ex rel. Torrey v. Ketner, 92 Penn. St., 372; Commonwealth v. Felton, 101 Mass., 204.) (b) But where the offense committed by an officer is properly a larceny of the funds, and not an embezzlement, he may be indicted under a State law. (Commonwealth v. Barry, 116 Mass., 1.) (c) And an officer may be punished under State laws for making false entries in the books of the association with intent to defraud it. (Luberg v. Commonwealth, 94 Penn. St., 85.) (d) The officers of a national banking association may be prosecuted under State statutes for fraudulent conversion of the property of individuals deposited with, and in the custody of, the association. (Commonwealth v. Tenney, 97 Mass., 50; State v. Fuller, 34 Conn., 280.) 3. TERM " U N I T E D STATES CURRENCY" IN PENAL STATUTES: The circulating notes of national banking associations are included in the phrase " United States currency" when used in a penal statute. (State v. Gasting, 23 La. Ann,, 1609.) REPORT OF THE COMPTROLLER OF THE CURRENCY. 127 NUMBER OF BANKS ORGANIZED, IX LIQUIDATION, AND IN OPERATION, WITH THEIR CAPITAL, BONDS ON DEPOSIT, AND CIRCULATION ISSUED, REDEEMED, AND OUTSTANDING ON OCTOBER 31, 1892. Banks. Circulation. i Capital :U. S. bonds j States and Terri- \ j In op- stock paid, i on deposit. tories. iOrgan-jliqui- InoraI ized. j da- tion. | ! tion. Maine New Hampshire j Vermont i Massachusetts., lib ode I s l a n d . . . Connecticut 94 j 60 I 285 I 64 I Outstanding.* Redeemed. 82 $11,135, 000 54 6, 290, 000 49 7,160,000 267 99. 633,150 59 20, 277, 050 84 22,999, 370 $3, 861, 400 2, 938,000 3,050,000 22, 217, 450 6,142, 250 6,273, 000 $39, 207, 320 26, 082, 485 34, 373, 060 321, 505, 625 69, 270, 525 89,935, 590 $34, 982, 746 $4, 224,574 23, 085, 843 2, 996, 642 31,628,291 2, 744, 769 296, 775, 031 24, 730, 594 62, 702, 200 6, 568, 325 83, 320, 764 6, 614, 826 Eastern States.. 667 I 72 595 167, 494, 570 44,482,100 580, 374, 605 532, 494, 875 47, 879, 730 New York New Jersey . Pennsylvania..-{ Delaware ! Maryland I Dist. Columbia . I 451 126 112 14 435 61 18 69 | 3 18 5 325 98 374 18 66 13 22, 396, 700 4, 31:8, 250 18,448, 050 740, 000 2, 861, 000 900,000 298, 310, 54, 889, 206, 050, 7, 629, 40, 016, 5, 998, 49,664,000 612,894,935 23,912,066 4, 476, 875 50,412, 485 19, 964,452 186, 085, 583 743, 325 6, 886, 590 3, 479, 829 36,536, 801 792, 202 5, 206,5C8 559, 526,186 53,368, 749 193,472,745 Middle S t a t e s . . . ! 1,103 "Virginia West Virginia.. North Carolina South Carolina . Georgia j Florida | Alabama Mississippi Louisiana....... Texas Arkansas | Kentucky j Tennessee j 52 37 B0 18 40 22 37 15 25 244 13 106 76 Southern States J 715 Missouri... Ohio Indiana Illinois Michigan Wisconsin Iowa Minnesota N orth Dakota . . South D a k o t a . . . Kansas Nebraska 118 3 42 64 13 40 14 77 46 17 15 i 1 Pacific S t a t e s I and Territories Add for inuti- | lated notes \. Total currency j banks ..; Add gold banks. j . ?! 2 4 21 3 24 21 ! 131 5 36 29 23 14 32 18 28 13 21 223 30 82 55 4, 696, 300 2, 856, 560 2, 876, 000 1, 623, 000 4, 541,000 1, 350, 000 3,919, 000 1,165,000 4, 435, 000 27, 058, 455 1,600. 000 15, 389| 400 10,181, 380 584 81,691,095 81 24, 240, 000 240 45, 864, 670 110 13, 706,850 212 39, 996, 000 104 15, 034, 000 77 7, 517, 050 162 14, 550, 000 72 1 5, 958, 850 34 2, 515, 000 40 2, 735, 000 343 12, 844,100 137 13, 668,100 337 174 284 166 114 220 98 41 51 212 162 1,977 Western States. Nevada Oregon Colorado Idaho Montana Wyoming Washington California Utah New Mexico Arizona Oklahoma Indian Ter 16 1 1,418,750 | 816,250 819, 000 468, 750 1,086,250 380,000 1,152, 000 353, 750 1, 202, 500 5,390,350 ! 260, 000 3, 982, 500 1,479, 000 18,809,100 11 j 5 1 7 10 3 4 3 1 6 I. 349 i 48 13, 252, 980 8,105,800 7,170, 580 5,877, 045 9,182, 250 854, 900 6, 339, 670 848, 820 11,456, 880 12, 080, 310 1, 652, 020 37,136, 315 12, 414,150 7 11. 835, 735 "174177245 7,225, 591 880,209 6, 345, 484 825, 096 5, 426, 438 450, 607 8,070,125 1,112,125 499,167 355, 733 5,151, 699 1,187, 971 557, 363 291, 457 9, 999. 333 1, 457, 547 7,144, 255 4, 936, 055 1, 361, 549 290, 471 32, 867, 671 4, 268, 644 10, 989, 987 1, 424,163 J.26, 371, 720 107, 474, 397 18, 897, 323 2,495, 300 19, 347,585 i 12, 070, 500 109, 242, 4, 376, 050 54, 934, 6, 444, 500 55, 851, 3, 293, 000 30, 705, 2, 034, 250 14, 622, 3, 527, 000 25,160, 1, 929, 800 13, 787, 619, 000 1, 647, 704, 750 1, 930, 2, 997. 250 11, 057, 9, 416, 3, 087, 500 565 I 1,412 208, 629, 620 43, 578, 900 1 225 360 035 915 630 770 282, 000 70, 500 3, 945, 000 794, 800 9, 075, 000 1.699,250 750, 000 '193,750 4, 840, 000 943, 350 1, 360, 000 340, 000 7, 880, 000 1, 758, 000 8, 675, 000 1,518,750 2, 800, 000 475, 000 1, 070, 000 340, 000 300,000 75, 500 190, 000 50, 000 357, 300 90, 000 347,702,885 297, 940 2, 484, 840 6, 551, 310 624, 440 2. 723, 640 ' 858. 750 3, 298, 280 5,184, 930 2, 002, 460 1, 788. 290 172! 460 78, 360 91, 840 301 41,524,300: 8,348,900 1 26,157,540 2,482,166 12, 548, 310 4,872,375 6,188,155 3,187. 304 2, 038! 763 3, 458, 546 1, 952,122 564, 253 662, 032 3, 047, 691 2,903,706 303,797,462 43, 905, 423 250, 273 47, 667 1,696,066 788, 774 4, 870,115 1, 681,195 464,164 160,276 1,892,817 830, 823 587,855 270, 895 1, 599,420 1, 698, 860 3, 675, 195 1, 509, 735 1, 520, 630 481, 830 1,468, 899 321, 391 97,580 74,880 12,470 ! 65, 890 11,350 i 80, 490 18,144,834 8,012,706 .1 263,263 1, 603, 50J, 085 1, 521, 4'57, 754 |172, 063, 931 3,360,288; 104,952 United States...! 4, 811 1, 025 13.786 692,812,330 164,883,000 11,096,966,925 1,524,796,942 172,432,146 * Including $25,191,083, for which lawful money has been deposited with the Treasurer of the United to retire an equal amount of circulation which has not been presented for redemption. Digitized forStates FRASER tTwo banks restored to solvency and resumed business, making total going banks 3,788. 128 REPORT OF THE COMPTROLLER OF THE CURRENCY. SUMMARY OF THE STATE AND CONDITION OF EVERY NATIONAL BANK REPORTING DURING THE YEAR ENDED SEPTEMBER 'SO, 1892. RESOURCES. ' Loans and discounts. Overdrafts U. S. bonds to secure circulation U. vS. bonds to secure deposits .. iJ, S. bonds on hand.. Stocks, securities, etcj Due from approved reserve agents Due from other national banks Due from State banks and bankers Banking house, fur niture, and fixtures Other real estate and mortgages owned-. Current e x p e n s e s and taxes paid Premiums paid Checks and o t h e r cash items Exchanges for clearing house Bills of other national banks Fractional currency, nickels, and cents. Specie, viz :* Gold coin G o l d Treasury certificates G o l d clearinghouse certificates Silver coin—dollars Silver Treasury certificates Si 1 ver coin—fractional Legal-tender notes . . TJ. S. certificates of deposit for legaltender notes Five per cent redemption f u n d w i t h Treasurer Due from Treasurer other than redemption fund 3, Aggregate Total specie*.. Doc. 2,1891. Mar. 1,1892. M a y 17,1892. J u l y 12,1892. S e p t . 30,1892. 3,092 banks. 3,711 banks. 3,734 b a n k s . 3,759 b a n k s . 3,773 b a n k s . ~ ,981,436,697.26 $2,044,841,291.51 $2,095.283,302.27 $2,113,654,680.95$2,153,498,829.47 .61 19,595,927.79; 14,083,875.61 13,077,038.27j 14,102,510.35 17, 542, 258. 64 153, 838, 200. 00! 158,109,300. 00 160,634, 550. 00! 19,186, 500. 00 4,279,750.00! 128, 440, 959. 39 17,416. 500. 00 4,638.190. 00 138, 055. 947. 09 16, 386, 000.001 15,447,000.00! 15,282,000.00 5, 41* 000. 00J 4, 854, 600. 00| 4, 882, 250. 00 144, 058, 062. 77j 151,125, 823,17| 154, 535, 514. 54 161, 939,800. 00 163, 275, 300.00 196,319,537.811 256,750.998. 250, 249,071. 20j 252,473,640.18 236,434,330.89 124,827,315.25! 131,258,888. 130,124, 510. 011 137,125,158. 05 140, 516, 353.09 32,425, 379. 39 32,171,053. 32, 006,102. 99 33,497,034.87 32, 572, 735. 51 70,113,901. 51 70, 271, 609 s 71, 258, 998. 96 71,179, 537. 83j 71, 900,286. 72 13, 935,485. 39 14, 855, 351. 15,303, 080.35; 15,498, 777. 73J 15, 961, 625.14 13,279,136.791 14, 695, 279. 96! 10, 340, 571. 14, 405, 799. 11, 574,071.41 14, 390, 888.43 4, 567.100. O2j 13, 997, 560. 54 10, 317,125. 23 14, 029, 616.43 i 17,939, 023. 04 17,644,105.991 15, 036, 575. 86 16, 849, 439.46 17, 705, 961. 31 108,243, 483.92 129, 515, 655. 34| 99, 954, 483.171 90, 364, 300.19; 105, 522, 711. 81 20, 225,104. 00 19,765,178..ool C 22, 014, 231.00 21, 325,840.00 19, 557, 474. 00 924, 866. g 837,175.54 924, 375. 50! 939, 382. 87! 934, 648.37 84, 200, 589. 78J 88,426,189. 58 95,104, 913. 95j 96, 723, 0-83.13 95, 021, 952. 77 85,091,060.00 97,841,160.00 96,656,060.0()| 85,530,100.00 71, 050,180. 00 7, 689, 000.00 8, 066, 000. 00 8, 530, 000. 00j 8,498, 000. 00J 7,860,000.00 7,152, 798, 00 7, 304, 242, 00 7, 259, 640.00j 7, 466, 596. OOj 6, 785, 084. 00 18,816, 462.00 22, 954, 656. 00 26, 040, 211.00 5, 555, 720, 70 99,445, 735.00 8, 765,000.00 24,080, 000.00 25,523, 399.001 i ; 5,453, 283. 20J 5, 579, 302.28J 107,981,402.00| 113, 915, 016. 00| | j I i 26,405,000.001 23,115, 000. 00j 22, 993,451.00 4, 948,124. 97 93, 854, 354. 00 5, 405, 710. 92 104,267,945.00 13,995,000.00 I 7, 092, 591, 94J 7,139, 564. 69 926,158. 95 1, 1, 047, 684.181 1, 051, 339. 53 151 237, 8667210, 07J3,436, 672, 358. 5(5 3,47a 035; "128744 3, 493^ 794,^86^ 1, 106,987. 93 6, 682, 280.101 207, 898, 034. 75 6, 898,132. 04 230,147, 968. 28 6, 990, 517,09 239, "044,108.15 J^MlO,1)31787 229; 320, 480 ~ 209, 116,378769 LIABILITIES. | Capital stock paid in. 677, 356,927.00| 679,970,110. 00 682, 232,158. 00 684, 678,203. 25 686. 573. 015. 00 Surplus fund. .• j 228, 221, 530.311 234, 069,984. 341 235, 192, 004. 9r 238, 239, 970. 94! 238, 871,424.84 Other u n d i v i d e d | 96,574,522.85! 103, '6, 029. 20J 227, 388. 88; 101 652,754.66 profits { 108,116, 263.56 National-bank circulation outstanding. 134, 792,873. 25 137, 627,107.25 140, 052, 343. 50 141, 061, 533. 00; 143. 423, 298.00 i State-bank circula75, 076. 501 75, 076. 50 74,118. 50 75, 097. 50 71, 507. 50 tion outstanding.. 3, 904, 292. 1, 503, 539. 1,470, 937. 657,310. 34 98! 1, 83i 3, 888,865. 78 Dividends unpaid... Individual deposits. , 602, 052, 768.59 1, 702, 240,957. 68 ! 1, 743, 787, 545.10 1,753, 339, 679. 86 1, 765^ 422, 983. 68 828,144. 24 10, 823, 973. 14, 478, 542. 91 12, 757, 046. 94 11, 911,030.77 IJ. S. deposits Deposits of U.S. dis- , 044, 734.04 4, 3, 955, 227.37 3, 806, 323. 51 3, 625,107.19 3, 356, 091. 88^ bursing officers...! Due to other national I banks j 292, 480, 956. 07 372, 985, 405.111 361, 593,119. 06! 367, 143, 324. 53! 352, 046,184.05 Due to State banks j and bankers j 149, 334, 721. 20j 181, 688, 074. 58; 181, 538, 222. 87' 188, 683, 254. 94J 178, 607,018. 34 aSrotea and bills re- j 132,487.71 090,080.27 9, 181, 650. 16, 325, 642. 89J 8,517,205. discounted ! 549,163.65 7, 994^ 514.30; 3, 876, 404. 816,163. 49; 4, 581,163. Bills payable | Liabilities other than 979, 746.97 I, 092, 506. 20; 1,178. r.S6.43J 1, 013,181. 26! 4»8 L 983, those above stated. , 237, 860, 2i0.07J3,436, 672, 358. 56 3,479, 035,128. 44 »; 4937794, 586. 713,510, "0917897746 Aggregate REPORT OF THE COMPTROLLER OF THE CURRENCY. 129 COMPARATIVE STATEMENTS OF THE NATIONAL BANKS FOR FIFTEEN YEARS. Oct. 3, 1864. Oct. 2, 1865. 1, 643 1, 617 banks. I banks. RESOURCES. Millions Millions Loans Bonds for circulation Other "United States bond Stocks, bonds, etc Due from banks Real estate Specie Legal-tender notes National-bank notes Clearing-house exchanges United States certificates of deposit Due from United States Treasurer Other resources 107.3 14.7 18.1 190.0 16.2 72.3 603. 3 ( 331.8 < 95.0 ( 15.9 122. 9 17.1 9.2 20; 17.4 103.7 Millio7is. Millions. 609.7 338.6 .3 21.5 103.6 20.6 12.8 157.4 11.8 134. 6 Total. LIABILITIES. Capital stock Surplus fund Undivided profit Circulation outstandin Due to depositors Due to banks Other liabilities 420.1 66.7 33.8 297. 9 568.2 112 420.6 78.0 36.1 298.7 603.1 123.1 Total. Oct. 1, I Oct. 1, 1877. I 1878. 1,919 j 1,970 banks, banks RESOURCES. Millions. 'Millions. •Millions. 944. 2 954. 4 288. 3 383. 3 2a. 6 28.0 23.7 27.8 149.5 134.8 34.7 38.1 19.9 21.2 92.4 80.0 16.1 18.5 100. 3 109.7 20. 42.8 Loans Bonds for circulation Other United States bonds Stocks, bonds, etc Due from banks Real estate Specie Legal-tender notes National-bank notes Clearing-house exchanges United States certificates of deposit. Due from United States Treasurer. Other resources Millions. \Millions. Millions. Millions. 931. 3 337. 2 47.8 34.4 146.9 43.1 21.4 84.2 15.9 100.0 29.2 891. 9i 336. 8! 45. o! 34.5 129. 9| 45. 2j 834. 0 347.6 94.7 36.9 138.9 46.7 30.7 64.4 16.9 82.4 32.7 Total LIABILITIES. Capital stock Surplus fund Undivided profits Circulation outstanding.. Due to depositors Due to banks Other liabilities Total 9047 9 458.3 101.1 42.0 317.4 631. 4 171.9 8.5 479.6 110.3 46. 335.1 628.9 143.8 11.5 491.0 120. 3 54.5 340.3 640.0 173. 0 11.5 493. 129. 0 51.5 334. 2 683.8 175. 1 504. 134.4 53.0 319.1 679.4 179. 7 11.8 466.2 116,9 40.9 301. 9 668.4 165.1 7.9 1, 767. 3 130 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING THE AMOUNT OF AUTHOKIZED CAPITAL STOCK OF THE NATIONAL BANKS ON THE FIKST DAY OF EACH MONTH FROM JANUARY 1, 1871, TO NOVEMBER 1, 1892, THE AMOUNT OF UNITED STATES BONDS ON DEPOSIT TO SECURE CIRCULATION, THE AMOUNT OF CIRCULATION SECURED BY THE BONDS ON DEPOSIT, THE AMOUNT OF LAWFUL MONEY TO REDEEM CIRCULATION, AND THE TOTAL AMOUNT OF NATIONAL-BANK NOTES OUTSTANDING, INCLUDING NOTES OF NATIONAL GOLD BANKS. Date. 1871. January— February . . March April May June July August September . October November.. December.. 1872. January.. February... March April May June July August September . October November.. December.. 1873. January... February . . March April May June July August September . October November.. December.. IT. S. bonds Authorized on deposit to Circulation secured by capital stock. secure circu- U. S. bonds. lation. $444,590, 411 $346, 297, 700 $306, 307, 762 448. 774, 311 349, 726,300 308, 488, 372 352, 835, 000 310, 665, 932 451, 487, 811 354, 259, 350 314,003, 492 452, 565, 811 355,987, 500 315, 654, 761 453, 715,801 457,463, 651 358, 362, 750 317, 563,171 458,448, 651 359, 885, 550 318,261, 241 461,107,651 361, 922, 550 320,248, 271 463, 617, 976 363,971, 000 322, 484, 071 465,603, 976 366, 094, 350 323,762, 276 466, 578, 976 367,114,450 325, 330, 656 468,173,976 368, 680,300 326, 760,426 469, 408, 976 470, 457, 651 471, 822, 651 472, 656,351 475, 458, 651 477, 012, 051 479, 852, 051 482, 906, 851 484, 223, 351 486, 106, 851 136, 851 j 487, 487, 699,551 Lawful I Total money on deposit to national-bank notes outredeem cir standing. culation. $3. 309, 548 $309, 617, 220 3j 009, 548 311,497, 920 3, 096, 048 313, 761, 980 3, 096, 048 317, 099,540 2,943,427 318, 598,188 2, 277,109 320, 840, 280 2, 727,109 320, 988,350 2, 727,109 322, 975,380 2, 749, 709 325, 233, 780 2,455, 209 326, 217,485 2, 521, 209 327,851,865 2,838,734 329, 599,160 370, 240,500 328,465,431 371, 558, 900 330,253, 559 373, 764,450 332, 094, 399 374, 637, 450 333,556,529 376, 732, 950 334, 521,855 378,341, 200 335, 644, 365 380, 440, 700 337, 664, 795 382, 552, 200 339, 094, 675 381,918, 200 340, 649, 960 383, 977,2Q0 342, 227. 690 384,968, 900 343,112, 772 385, 951,400 344,097,112 2,976,154 j 3, 934, 020 4,205,720 I 4,199,113 ! 3, 566, 059 j 3, 288, 259 3, 239,159 3,174,359 2,970, 694 3,105,564 2, 508,986 2,404,876 487, 781, 551 489, 380,851 490,486,151 492, 898, 951 494,428, 951 496,480, 951 496,496, 501 497, 921, 501 498, 801,501 499, 111, 501 499, 232, 701 499, 533, 401 386, 355, 300 386, 640, 800 387,415,100 388, 218, 350 388, 983, 800 389, 775, 000 390,410, 550 390, 855, 250 391, 618, 450 392, 616, 000 392,852,100 393,215, 900 344, 582,812 345, 358, 892 345, 507, 312 346,164, 392 346, 834, 666 347,185,711 347,267,061 347,862, 361 348,715,421 350,173, 226 350,412,046 350,692,966 2,484, 086 2, 892,141 2,651,951 2, 579,189 2, 641, 964 2, 300, 703 1, 917, 603 2,104,498 2,104,498 2, 350, 896 2, 009,096 1,928,796 347, 066, 898 348,251, 033 348,159, 263 348, 743, 581 349,476, 630 349,486,414 349,184, 664 349,966r859 350, 819, 919 352, 524,122 352,421,142 352,621,762 499,003,401 498, 032, 201 498,150, 901 497, 505, 901 497, 020,901 393,000,900 392, 644, 300 392, 506, 950 392,809, 200 392,937,100 392, 863, 000 391,171, 200 388, 566,100 385, 889,100 385,649,150 385,421,750 385,378, 250 348,624,953 348,255,299 348,203,489 348,505,184 348, 323, 390 348, 290, 340 347,182,820 344, 851,526 342, 310,386 342,270,676 342, 367, 844 342, 685,175 2, 223, 283 2, 776, 278 3,081, 323 3,120, 623 3,360, 932 3,560,162 4, 798,212 7,867, 254 11, 057, 679 11, 707,870 11, 709,402 12,021,071 350,848,236 351, 031, 577 351,284, 812 351,625,807 351, 684, 322 351,850, 520 351, 981,032 352,718,780 353,368, 065 353,978, 546 354,077,246 354,706,246 503,347, 901 385,128,250 503,467, 901 384,174,950 503, 858,521 382, 076, 650 505,763, 300 380,661,600 506,103, 801 379, 506, 900 508,531, 283 379,126,400 509, 386,283 376, 314, 500 510, 706,283 374,894, 362 510,903, 171 373,956, 762 511, 084,471 371,489,262 511,613, 765 j 367, 549, 412 510,686, 765 ! 365, 836,912 342,333,837 341,121, 249 338,948,494 337, 855,479 336, 697, 831 336,110, 532 334, 698, 341 333, 468, 611 333, 324, 225 331, 239,470 327, 578, 260 326,725,728 11,794,413 13,152,121 15, 300,850 17, 593, 099 18,349, 762 18, 344,941 19, 709, 667 19,440,077 18, 535, 727 19, 300,112 20, 638, 642 21,095,102 354,128,250 354,273,370 354,249, 344 355,448, 578 355,047, 593 354,455,473 354,408,008 353,118,688 351,859,952 350, 539, 582 348, 216, 902 347,820,830 I 331,441,585 334,187, 579 336, 300,119 337, 755, 642 338, 087, 914 338, 932, 624 340, 903, 954 342, 269,034 343, 620, 654 345, 328, 254 345, 621, 758 346,501. 988 1874. January.. February... March April May....... June July August September . October November.. December.. 497, 657,401 498, 777,401 500, 347,401 500,706,401 502,181,401 502, 931,401 503, 301,401 1875. January February... March April May June July August- . . . September.. October November.. December . REPORT OF THE COMPTROLLER OF THE CURRENCY. 131 STATEMENT SHOWING THE AMOUNT OF AUTHORIZED CAPITAL STOCK OF THE NATIONAL BANKS ON THE FIRST DAY OF EACH MONTH, ETC.—Continued. U. S. bonds Authorized on deposit to Circulation secured by capital stock. secure circu- TJ. S. bonds. lation. Date. 1876. January February March April May June July August. September . October November.. December.. Lawful Total money on deposit to national-bank notes outredeem cirstanding. culation. j $51], 155,865 $363, 601. 602 $324,484, 539 510, G19, 965 361, 430, 462 321,319, 645 318,413, 293 510.189,171 356,732,150 ! 509, 701, 671 350, 216. 350 312, 850, 786 ! 507, 881, 671 346,715! 350 310, 084, 721 I 506,013,371 344, 463^ 850 307,912,468 j 506, 008, 371 341, 394, 750 305,417, 013 505, 226,171 340,071, 850 303,756, 276 504, 971,171 338, 673, 850 302, 847, 886 504, 027,171 337, 955, 800 301, 819, 811 502, 752,171 337, 727, 800 301, 658, 372 502, 652,171 338, 261, 800 301, 844, 917 $21,995, 217 22, 648, 884 24, 405, 780 27, 627, 308 28, 755,191 28, 753. 462 27. 58i; 323 25, 982, 339 23, 087, 016 22, 532, 933 21,582,936 20,114, 674 $346,479, 756 343, 968, 529 342, 819, 071} 340,478, 094 338, 839, 912 336, 665, 930 332,998, 336 329,738,615 325, 934,902 324, 352, 744 323, 241.308 321, 959,591 1877. January— February.. March April May June July August . . . September. October — November. December . 501, 392,171 497, 335, 071 496, 770, 571 494, 783, 571 493, 821, 771 493,126, 271 487, 868, 771 487, 221, 771 486, 605, 271 486,449,271 486, 677,771 486,742, 771 338,191, 300 338, 885, 450 338, 866, 550 340, 537, 600 340, 732,100 340,415,100 338, 713, 600 337, 761, 600 337, 684, 650 338, 002, 450 343,048, 900 345,130, 550 302, 020, 302,201, 302,416, 303, 52; 304,407, 304, 766, 303,108, 302, 239, 302, 440, 302, 885, 305,094, 308, 642, 19, 575, 364 18,160,486 16, 728, 336 16,146, 363 15, 386,137 14,329,272 13,940, 522 14, 426. 746 14, 246^ 546 14,438, 272 13,113, 091 11, 988, 924 321, 595, 606 320, 361, 618 319,145, 036 319, 669,588 319, 793, 587 319, 096, 212 317,048, 872 316,665, 958 316, 686, 698 317,324, 069 318, 207,231 320, 631, 719 485, 557, 771 484, 836, 371 482, 952,071 482,144, 671 481, 019, 671 480, 660, 571 479,627,996 477, 675, 996 477, 698, 296 476, 335, 396 473, 865, 396 473, 859,396 346,187, 550 346, 302, 050 346,522, 550 346, 336, 250 347, 711, 850 349,166, 450 349, 546, 400 348, 880, 900 349, 049, 450 349, 560, 650 349,408, 900 349,795, 000 309, 890,415 310,240, 005 310,301,472 310, 008, 832 310, 826, 422 312,435,462 313, 020, 832 312,995,592 313,154, 792 3x3,159,592 312, 830, 797 313, 355, 839 11, 782, 090 11, 839, 305 11, 688,519 12,184, 682 12, 315, 257 11, 552, 623 11, 493, 452 10, 910, 967 10, 294, 370 9, 988,127 9, 629, 918 9, 935, 217 321, 672, 505 322, 079, 310 321, 989,991 322,193, 514 323,141, 679 323, 988, 085 324, 514, 284 323, 906, 559 323,449,162 323,147, 719 322, 460, 715 323,291, 056 471, 609,396 469, 995, 856 467, 778, 606 465, 890, 006 464, 608, 206 463,223,515 462, 843, 515 462,822, 515 462, 567, 515 463,117, 515 462, 392, 515 461,842,515 349,068, 000 348,939, 200 350, 690,400 351,196, 400 352, 250, 550 353,422,300 354, 254, 600 353, 201, 800 355, 638,950 359, 030, 500 363, 802,400 365,194, 900 313,218.189 312, 725, 809 313, 691, 639 314,244, 779 315, 628, 352 316,335,949 317, 315, 679 316, 412, 560 317,534, 289 320, 868, 979 324, 054, 279 326, 684, 059 10, 573, 485 11,673,960 12, 354, 531 12,882,417 13, 516, 558 13,203,462 12, 376, 018 13, 545, 677 13, 258, 698 13,403, 261 13,127,139 13,381,719 323, 791, 674 324, 399, 769 326, 046,170 327,127,196 329,144, 910 329,539, 411 329, 691, 697 329, 958,237 330, 792,987 334,272, 240 337,181,418 340, 065,778 461, 557, 515 461, 715, 515 462, 407, 585 464,177, 585 464,507,585 464,915,185 465, 205,185 465, 915,185 466, 267,285 466, 245, 085 466, 590, 085 467, 639, 085 367, 021, 000 364, 765, 900 362, 728, 050 363, 656, 050 363, 003, 650 362, 715, 050 361, 652, 050 361,152,050 361,113,450 359, 935, 450 359, 748, 950 359,808,550 328, 773,639 326, 785, 599 325, 032, 790 325,425, 390 325, 519, 740 325, 301, 700 324,242, 730 323, 886, 720 323,903, 330 323, 056, 530 322, 798,130 322, 206, 550 13, 613, 697 16, 945, 310 18,604,197 18,959, 687 19,410, 910 19, 882, 033 20, 262, 697 20, 266, 967 20,153, 448 20, 848, 363 21, 035, 977 21, 500, 091 342, 387, 336 343, 730, 907 343, 636, 989 344, 385, 077 344, 930, 650 345,183,733 344, 505,427 344,153, 687 344,056,778 343., 904, 893 343, 834,107 343,706, 641 467, 039, 084 466, 981, 785 466, 640,185 466, 890,185 467, 542, 685 468, 557,685 359, 823, 550 359,811, 050 345,739, 050 351,480, 000 354, 683, 000 358,829,900 322,832,101 322, 654, 721 305, 587, 202 309,034, 317 316, 226,247 318,497,814 21, 523,102 21, 895, 977 38,447, 716 38, 538,105 36, 374, 920 35,653, 904 344. 355, 203 344; 550, 698 344, 034, 918 347, 572, 422 352, 600, 567 354,151,718 1878. January— February... March April May June July August. . . . September . October. . . . November.. December .. 1879. January... February.. March April May June July August September. October . . . November. December. January..February.. March April May June Julv August . . . September October — November. December. 1880. 1881. January.. February. March . . . April May June 132 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING T H E AMOUNT OF A U T H O R I Z E D CAPITAL HTOCK OF T H E NATIONAL BANKS ON T H E F I R S T D A Y OF EACH MONTH,, ETC.—Continued. Total, national-bank notes outstanding. Circulation secured by U. S. bonds. Authorized capital stock Date. 1881. July August September. October November. December . $169, 382, 685 $360, 488, 400 470,322,685 362,684,000 471,282, 935 304, 285, 500 472, 565, 935 365, 751, 500 466, 307, 335 369, 608, 500 467, 907,335 371,336,100 $321,148, 399 $33, 894, 276 323,478, 586 33, 846, 027 325,324, 746 32, 675, 940 326, 513, 546 32, 237, 394 329,180,122 31,164,128 331, 729, 532 30, 438, 878 $355,042,675 357, 324, 613 358,000, 686 358, 750, 940 360, 344, 250 362,168,410 1882. January February... March April May June July August September. October November.. December . 470,018,135 472, 303,135 473,*866, 240 475, 411, 240 478, 013, 940 482, 954,940 486, 511, 335 371, 692,100 371,270,200 370, 602, 700 369, 900, 700 366, 359, 650 364, 079, 350 332, 398, 922 331, 682, 622 331,230, 311 331, 242, 702 327, 729, 622 323, 919, 522 320, 312, 832 319, 805,161 320,769,739 30, 023, 066 30, 913, 792 30, 713, 969 30, 383, 935 33, 340, 677 35, 955, 812 38,429, 202 39,017, 621 39,745,163 39, 401, 781 38,423.404 38, 723, 848 362,421, 988 362, 596, 414 361, 944, 280 361, 626, 637 361, 070, 299 359, 875, 334 358, 742, 034 358, 822, 782 360,514, 902 362, 889,134 362, 727, 747 362, 544, 328 487, 803, 635 487, 538,635 489, 741, 635 491, 591, 635 493,176, 635 361, 212, 700 362, 736,500 361,452, 350 362, 043, 250 362, 505, 650 362,174,250 January.. February... March April May June July August September . October November.. December .. 492, 076, 635 494,199, 635 498, 262,135 498, 017,135 500, 269,135 505, 379,135 507. 208,135 510, 283,135 513, 543,135 515, 528,135 516, 608,135 516, 348,135 360, 531, 650 359, 567,450 358,163,800 357,201,400 357, 339, 750 356,588, 600 356, 596, 500 357, 298, 500 355, 674,150 353, 308, 650 352, 877, 300 351,174, 600 322, 386, 120 321,"' 320, 235, 319, 849, 319,899, 319, 013, 319, 249, 319,461, 318, 367, S16, 278, 316, 020, 314, 573, 40, 265, 049 40,540,877 41,084, 788 I 39, 945. 249 I 39,368,605 39,150, 326 37,565,704 j 36,310,284 i 36, 222, 005 37, 064, 605 35, 993, 461 36, 385, 055 362, 651,169 362,167, 230 361, 320, 389 359,795; 065 359, 268,126 358,164,182 356, 815,510 355, 772,130 354, 589, 221 353,342, 671 352, 013, 787 350,958,161 January February.. March April May 518, 031,135 517, 380, 635 519,104, 635 521, 573, 635 523, 348, 635 525, 992,165 528. 784,165 530,784,165 532, 274,165 532, 749.165 532, 554,165 531, 875,165 347, 538, 200 343,475, 550 341, 533, 050 339.116,150 337; 618, 650 336, 257,150 334,147, 850 332, 588, 600 331,371,100 329,186, 000 325, 316, 300 320, 244, 700 310, 953, 321 307, 828,001 306,100, 465 303, 099, 075 302, 533, 855 301, 238, 845 299, 369, 370 297,983,165 297,136, 455 295, 375,959 291,849, 659 287, 277, 980 39, 529, 507 41, 671, 892 40, 532, 837 41,015, 561 40, 571, 613 39,768,855 40,130, 513 39, 913, 971 39,495, 690 40,453, 269 41, 710,163 44,235,274 350, 482, 828 349,499, 893 346, 633,302 344, 714, 636 343,105, 468 341, 007, 700 339,499, 833 337, 897,136 336,632,145 335, 829, 228 333,559, 813 331,513, 254 I 529,910,165 530,380,165 530,590,165 531,151,165 531,241,165 530, 830, 865 531, 540,465 532, 328, 465 532, 749,965 532, 034, 965 532, 877,965 533,447,965 318,655,050 317,282, 600 315, 854, 500 315, 386, 850 315,127,450 313, 428, 700 312,145, 200 310, 225,150 309, 768,050 309, 074,550 308, 364, 550 307, 544, 250 285,496,055 284,127, 895 282,772,315 282,336,725 282, 434,075 280,831, 610 279, 528,175 277, 826,775 277, 371, 525 277,149, 661 276, 304,189 275,821,779 43,662,568 42, 784, 663 41, 888, 596 39,881,941 38,468,630 38, 032, 217 39,541, 757 39,503, 567 39, 613,802 40,274, 772 39,542,979 41, 704, 029 329,158,623 326, 912, 558 324, 660, 911 322,218, 666 320,902, 705 318,863, 827 319, 069,932 317, 330; 342 316, 985, 327 317, 424,433 315,847,168 317, 525, 808 ! | j | 306,008, 750 302, 257, 000 296, 780, 400 289, 729, 650 285, 447, 950 279, 537,400 275, 974, 800 273, 549, 800 270,524,150 261, 848, 900 245, 444, 050 234, 991, 800 274,466,748 271,065, 593 266,047,488 259, 405, 300 255, 322,541 250, 257, 632 247, 087, 961 244, 675, 012 242,168, 247 234, 682,736 219, 710, 656 210, 525, 601 42,976, 706 46, 951,839 52, 049, 017 56, 826,227 58, 555,047 61, 580,662 61, 922,499 62,151, 745 62,505, 757 G8, 828, 505 81, 819, 233 88,781, 909 317,443,454 318, 017,432 318,096, 505 316, 231, 527 313, 877, 588 311, 838, 294 309, 010,460 306, 826, 757 304, 674, 004 303, 511, 241 301,529, 889 299,307,510 323, 487, 353 324, 304,343 323,820,480 1883. June July August September. October — November.. December . January February March April...! May June July August September October November December j j I I ! ! ! j i 1886. January February March.." April May June July August September October November Pecember . . T ,..,.„..,..„„. 534,378,265 535, 398, 265 537,896,965 538, 652, 065 540, 414, 565 543, 669, 565 545, 206, 565 549, 542, 565 550, 252, , 565 553, 002, 565 552,775,165 553,855,165 REPORT OF THE COMPTROLLER OF THE CURRENCY. 133 STATEMENT SHOWING THE AMOUNT OF AUTHORIZED CAPITAL STOCK OF THE NATIONAL BANKS ON THE FIRST DAY OF EACH MONTH, ETC.—Continued. Date. January February March April May June July August September October November December 1887. Total notes outstanding. U. S. bonds Authorized on deposit to Circulation secured by capital stock. secure circu- XJ. S. bonds. lation. $555,865,165 $229, 438, 350 $205, 316, 557, 684,165 223,926, 650 200, 268, 559,986,665 213, 639,150 191, 004, 561, 321, 665 206,938,000 185,009, 564,346,665 202, 446, 550 181, 026, 571, 583, 665 200,939,100 179, 309, 574, 703, 665 191, 966, 700 171,629, 578,826, 215 189,445, 800 169, 303, 581, 046, 215 190, 096, 950 169, 951, 582, 683, 715 189, 917,100 169, 931, •' 583,188, 715 188,828, 000 169,215, I 584, 203, 715 187,147, 000 167. 863, national-bank $91,455, 875 $296,771,981 92, 806,395 293, 074, 741 98,039, 485 289,044, 211 287,124,255 102,114, 704 285, 005, 315 103, 979,299 282,360, 891 103, 051,871 279, 217, 788 107, 588,447 276, 454, 277 107,150, 847 274, 264, 509 104, 313,124 272,893, 850 102, 962,170 102, 826,136 i 272, 041,203 102, 019,176 ! 269, 882, 995 I January February . . . March April May June July August September .. October November... December... 584, 726, 915 586, 505, 915 588, 785, 915 589,637, 915 591, 437,915 592,467, 915 592, 852, 915 594, 631,915 595, 313, 915 596, 041, 015 596,796, 015 597, 457, 315 184,444, 950 165, 205, 724 103,193,154 i 268, 398, 878 182,764, 950 163, 833, 205 102,024,952 265, 858,157 182,161, 700 163, 235, 505 99,492,361 | 262, 727, 866 181,863,700 162,743,135 97,427,882 I 260,171,017 182, 033, 450 162, 891, 912 95,692,133 I 258, 584, 045 180, 005,150 161,134, 338 94,675,310 255,809, 648 178, 312, 650 159, 642, 657 92, 719, 664 252, 362, 321 177, 438, 800 158, 874, 203 90,758,447 249, 632, 650 176, 508, 850 158,133, 712 88. 294, 850 246, 428, 562 173, 280, 250 155, 365, 068 88, 236, 639 243, 601, 707 170, 003, 350 152,366, 328 87, 018, 909 239,385, 237 166, 796, 550 149, 487, 373 86, 955, 794 236,443,167 January February .. March April May June July August September . October November.. December .. 598,239, 065 599, 709, 365 600, 684, 365 602, 404, 365 603, 264, 365 607, 390, 365 609, 670, 365 612, 535, 365 614,925, 365 617, 844, 365 620,174, 365 621, 959,365 163,480. 900 146,372, 588 160, 463^ 950 143,580,313 157, 485, 700 140,874, 515 154, 590,150 138,193, 798 151, 522, 350 135, 375, 463 149, 829, 850 133, 769, 313 148,121, 450 132, 244. 437 147, 758,450 131, 890, 777 148,150,700 132,101,128 147, 037, 200 131, 225,172 145, 668,150 130,207, 285 144, 709, 250 129, 388,116 87, 287,439 85, 688, 716 83, 520, 212 83. 032, 333 83, 320, 725 81, 753, 704 79,134, 526 76, 273, 662 73, 701, 013 72, 437, 560 71, 816,130 70, 258, 081 233, 660, 027 229, 269, 029 224,394, 727 221.226,131 218, 696,188 215, 523, 017 211, 378, 963 208,164, 439 205, 802,141 203,662 732 202, 023 415 199,646 197 January February .. March April May June July August September . October — November . December .. 623,791,365 630, 003, 865 632, 757,865 637,372, 865 638, 932, 865 644, 587, 865 646, 937, 865 651, 367, 865 652, 852, 865 655, 002, 865 659, 782, 865 662, 947, 865 142, 849, 900 127, 742,440 142, 266, 750 126, 747, 030 143,197, 000 127,410, 251 143,900,750 128,046, 801 144, 216,150 128,920, 916 144, 658, 650 128, 976, 526 145, 228, 300 129, 767,150 145, 434, 750 129, 854, 561 143,102, 350 127, 825,431 140, 428, 600 125,430, 316 140,190,900 124,958, 736 140,-427,400 125,253,195 69, 487, 965 67,895,259 64, 857, 292 62,480.331 60, 665^ 663 58, 573, 322 56, 203, 625 54, 537, 072 55,455, 037 56, 440, 709 54, 796, 907 53, 315,181 197,230,405 194, 642, 289 192, 267, 543 190.527,132 189, 586, 579 187, 549,848 185, 970,775 184, 391, 633 183, 280,468 181,871,025 179; 755, 643 178,568,376 665, 267, 865 666. 977,865 669, 007, 865 671, 477, 865 672,197, 865 673, 422, 865 ' 676, 247, 865 681, 742, 865 683.125! 865 684, 660, 865 684,755, 865 685, 515, 865 140, 510, 650 140,720,700 140, 790, 200 141, 036,150 140, 949, 900 141, 310,150 142, 508, 900 146, 089, 650 149,839,200 151, 229,100 152,950,350 155, 283, 700 125, 6.60, 361 125, 859,360 125, 957, 235 126,054, 415 125, 970, 955 126, 267, 575 127, 221, 391 129, 708, 040 133,790, 690 135, 093, 378 136,753, 837 138, 605, 343 51, 627, 485 49, 762, 379 47,-706,139 45, 750, 649 44,448,421 42, 969, 884 40, 706,183 38, 835, 019 37, 543, 649 36, 842, 328 35,430, 721 34, 388, 264 177,287,846 175,721,739 173, 663, 374 171, 805, 064 170, 419, 376 169, 237.459 167, 927, 574 168, 543, 059 171, 334, 339 171,935, 706 172,184, 558 172, 993, 607 685, 762, 265 687, 332,265 688, 332, 265 688, 923, 665 689,298,665 690, 908, 665 692,123. 665 694, 428, 665 695, 263, 665 695,563, 665 693, 868, 665 157, 205, 950 158, 515,050 159, 513, 800 160, 447, 300 161, 352, 550 162, 549, 050 163,190, 050 163, 500, 550 164,012, 050 164,498, 550 164,883, 000 140, 084, 203 141,435,288 142, 319, 978 143, 355,178 143, 954, 506 144, 680, 363 145, 683, 023 146,132, 463 146, 460, 033 147,191,593 147, 241, 063 32, 994, 382 31, 770, 208 30, 301, 897 29,174,273 28, 522, 069 27, 818, 986 27, 000. 827 26, 395, 250 26,196, 396 25, 596,167 25,191,083 173, 078, 585 173, 205, 496 172, 621, 875 172, 529. 451 172,476, 575 172, 499, 349 172, 683, 850 172, 527. 713 172. 650, 429 172, 786, 700 172, 432,146 January February .. March April May June July August September . October November-. December.. January.... February .. 1891. 1892. March . April May June July August September . October Digitized forNovember.. FRASER 134 REPORT OF THE COMPTROLLER OF THE CURRENCY. CHANGES IN CAPITAL, BONDS, AND CIRCULATION, BY GEOGRAPHICAL Banks existing October 31,1891. States and Territories. No. Capital. Bonds. DIVISIONS* Banks organized during year ended October 31, 1892. Circulation. No." Capital. Bonds. Circular tion. Maine . -New Hampshire ... Vermont Massach usetts Hhode Island Connecticut Division No. 1.. 79 $10, 972, 500 51 6, 305, 000 50 7, 210, 000 263 98, 265, 275 59 20, 277,050 84 23,274,370 $3, 823, 900 2, 912, 000 2,947, 500 20,168, 450 4, 596, 250 5, 948, 000 $3, 441, 510 2, 620, 800 2, 652. 750 18,15J, 605 4,13*6, 625 5,353,200 3 3 $125,000 210,000 $37, 500 62, 500 $33,750 56, 250 7 615, 650 162, 500 146, 250 586 166,304,195 40, 396,100 36, 356, 490 13 262, 500 236, 250 New York New Jersey Pennsylvania 325 95 368 85, 636, 060 14,418, 350 72, 720, 390 21, 982, 450 4, 249, 500 17, 000, 050 19,784, 205 3, 824, 550 15,300, 045 2 3 10 300,000 240, 000 715, 000 75,000 62,500 175, 000 67, 500 56, 250 157,500 Division No. 2.. 788 172,774,800 43, 232,000 38, 908, 800 15 1, 255, 000 312, 500 281,250 Delaware Maryland Dist. Columbia Virginia West Virginia Division No. 3.. 18 65 13 36 24 2,133, 985 16,766,145 2, 827, 000 4, 556, 300 2,511,000 740,000 2,511,000 900, 000 1, 393, 750 728, 750 666, 000 2, 259, 900 810, 000 1, 254. 375 655;875 156 28, 794, 430 6, 273, 500 5,646,150 North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas . . . Arkansas Kentucky Tennessee Division No. 4.. 23 14 32 18 2, 1, 4, 1, 726, 250 623,000 381, 380 385, 000 747, 750 468,750, 1, 061, 750 405, 000 672,975 421, 875 955, 575 364, 500 29 4, 369, 000 1, 242, 000 13 21 207 10 81 54 1,165, 000 4,435, 000 25, 762, 600 1, 600,000 15, 317, 730 10,480, 000 353, 750 1, 052, 500 4, 997, 300 310, 000 3, 513, 000 1, 514, 000 1,117, 800 318, 375 947,250 4,497, 570 279, 000 3,161, 700 1, 362, 600 950, 650 1 25,000 12,500 11, 250 i 200, 000 295,060 50, 000 87, 500 45, 000 78, 750 7 520,060 150, 000 135,000 1 125, 000 5 31, 250 28,125 000 000 000 000 37,500 25; 000 25, 000 25,000 33, 750 22, 500 22,500 22, 500 22 1,423, 455 361,250 325,125 i 80, 000 160,000 25, 000 40, 000 22, 500 36, 000 1 1 {I 3 150, 100, *100, 100, 502 73, 244, 960 15, 665, 800 14, 099, 220 31 2, 238, 455 570, 000 513, 000 Ohio Indiana Illinois . Michigan Wisconsin 237 100 203 106 74 44, 595, 12, 477, 37, 396. 15, 369, 7, 043, 700 000 000 600 000 9, 217, 350 4, 073, 550 6, 251, 000 3, 043, 000 1,869, 250 8, 295, 615 3,666,195 5, 625, 900 2, 738, 700 1, 682, 325 11 12 9 1 5 1, 679, 1,019, 2,465, 50, 446, 570 850 000 000 950 300, 000 315, 000 225, 000 12, 500 125,000 270, 000 261, 000 202,500 11, 250 112, 500 Division No. 5.. Iowa Minnesota Missouri Kansas .. Nebraska 720 116, 881,300 24,454,150 22, 008,735 38 5,661, 370 977, 500 857,250 151 64 83 149 140 13, 470, 000 14, 592, 000 25,125, 000 13, 878,990 13, 703, 700 3, 333, 750 1, 764, 800 2, 507, 800 3,122, 250 2, 956, 250 3, 000, 375 1, 588,320 2, 257, 020 2, 810, 025 2, 660, 625 13 9 1 3 1 695, 000 628,850 100, 000 200,000 50, 000 181, 250 177, 500 50, 000 50,000 12, 500 163,125 159, 750 45, 000 45,000 11, 250 587 80, 769, 690 13, 684, 850 12, 316, 365 27 1, 673, 850 471, 250 424,125 49 2 36 41 3 8, 640, 000 282, 000 8, 425, 000 4, 305, 000 200, 000 1, 652, 750 70, 500 1, 531, 250 772, 300 50, 500 1,487, 475 63, 450 1, 378,125 695, 070 45, 450 4 251, 380 65,000 58, 500 2 150, 000 37, 500 33, 750 1 100, 000 25, 000 22,500 Division No. 7.. 131 21, 852,000 4, 077, 300 3, 669, 570 7 501, 380 127,500 114, 750 Indian Territory... Oklahoma North Dakota South Dakota Idaho. Montana New Mexico Utah Washington Wyoming 3 3 33 44 8 32 12 13 64 12 175, 000 200,000 2, 290, 000 2, 850, 300 575,000 4, 621, 500 1,120, 000 2, 750, 000 6, 655, 000 1, 390, 000 50, 000 50, 000 569, 000 749,750 144, 050 893, 350 365, 000 462, 500 1, 570, 500 312, 500 45, 000 45,000 512,100 674, 775 129, 645 804, 015 328, 500 416, 250 1, 413, 450 281,250 3 2 1 147, 300 90, 000 50, 000 37, 500 25, 000 12,500 33, 750 . 22,500 11,250 4 3 175, 200, 100, 50, 650, 100, 224 22, 626, 800 5,166, 650 4, 649, 985 26 3, 694 683,248,175 152, 950, 350 137, 655, 315 *164 Division No. G.. Colorado Nevada California Oregon Arizona Division No. 8.. United States 1 8 2 *One bank restored to solvency. 000 000 000 000 000 000 1, 562, 300 50, 50, 25, 12, 162, 25, 000 000 000 500 500 000 400, 000 14, 363,065 3,271,250 1 45, 000 45, 000 22,500 11,250 146, 250 22, 500 360, 000 2, 921, 625 REPORT OF THE COMPTROLLER OF THE CURRENCY. 135 CHANGES IN CAPITAL, BONDS, AND CIRCULATION, BY GEOGRAPHICAL DIVISIONS* States and Territories. Increase in capital, bonds, and circulation of banks existing October 31,1891, and number of banks concerned in such increase. No. NPW HamDshire "Vermont Massachusetts "Rhode Island Division No. 1.. New York New Jersey Pennsylvania Division No. 2.. Capital. Bonds. Total increase in capital, bonds, and circulation and n u m b e r of b a n k s concerned in s u c h increase. Circulation. N o . $125,000 210, 000 $37. 500 62i 500 $33,750 56,250 10 1,415,650 162,500 146,250 $800, 000 3 800, 000 16 1, 750, 650 262,500 236, 250 3 1 4 160, 000 25, 000 300, 000 $1, 250 6,250 112, 500 $1,125 5,625 101,250 5 4 14 460, 000 265, 000 1, 015, 000 76, 250 68, 750 287, 500 68,625 61, 875 258, 750 8 485, 000 120, 000 108,000 23 1,740,000 432,500 389, 250 1 1 50,000 50,000 9 462, 200 96, 050 86,445 T©nness€>e Division No. 4 . . Ohio Indiana Illinois Michigan Wisconsin Circula* tion. * 3 3 25, 000 12, 500 11, 250 1 5 200, 000 295, 060 50, 000 87, 500 45, 000 78, 750 7 520, 060 150,000 135, 000 1 125,000 31,250 28,125 2 2 2 200, 000 150, 000 200,000 37, 500 25, 000 50, 000 33, 750 22, 500 45, 000 31 1, 885, 655 457,300 411, 570 1 3 80, 000 160, 000 25, 000 40, 000 22, 500 36, 000 1 Texas Bonds. 3 Dist Columbia Virginia "Wpsti Virginia North Carolina South Carolina . Georgia Florida .Alabama Capital. 11 562, 200 96, 050 86, 445 41 2, 800, 655 666, 050 599, 445 5 4 1 425, 000 420, 000 100, 000 177, 500 50,000 25, 000 159, 750 45, 000 22, 500 2,104, 570 1, 439, 850 2, 565, 000 50, 000 506, 950 477,500 365,000 250, 000 12, 500 140, 000 429, 750 306, 000 225, 000 11, 250 126,000 2 60, 000 15, 000 13, 500 16 16 10 1 7 12 1, 005, 000 267, 500 240, 750 50 6, 666, 370 1, 245, 000 1, 098, 000 6 3 550, 000 825, 000 87, 500 17, 500 78,750 15, 750 1 3 50, 000 275,000 31, 250 28,125 19 12 1 4 4 1, 245, 000 1, 453, 850 100, 000 250, 000 325, 000 268, 750 195, 000 50, 000 50, 000 43, 750 241, 875 175, 500 45, 000 45, 000 39, 375 13 1,700,000 136,250 122,625 40 3, 373, 850 607, 500 546, 750 Colorado 2 175,000 31, 500 28,350 6 426, 380 96,500 86, 850 California Oregon Arizona. 2 3 250,000 120, 000 12, 500 22, 500 11, 250 20,250 4 3 1 400, 000 120, 000 100, 000 50, 000 22, 500 25, 000 45, 000 20,250 22,500 Division No. 7.. 7 545, 000 66, 500 59, 850 14 1, 046, 380 194, 000 174, 600 Indian Territory... Oklahoma North Dakota South Dakota Idaho Montana New Mexico Utah Washington Wyoming 1 10,000 2,500 2,250 2 150, 000 37, 500 33,750 4 2 3 157, 300 90, 000 200,000 40, 000 25, 000 50, 000 36, 000 22,500 45, 000 4 3 2 1 16 3 175, 000 200, 000 100, 000 50,000 1,475, 000 110, 000 50, 000 50, 000 25,000 12, 500 280, 000 27, 500 45, 000 45, 000 22. 500 11. 250 252. 000 24, 750 Division No. 5.. Iowa Minnesota Missouri Kansas Nebraska Division No. 6 Division No. 8.. United States 8 1 825, 000 10,000 117,500 2,500 105, 750 2,250 12 995, 000 160, 000 144, 000 38 2, 557, 300 560,000 504, 000 66 6,092, 200 846, 300 761,670 229 20,455, 265 4,117,550 3,683,295 136 REPORT OF THE COMPTROLLER OF THE CURRENCY. CHANGES IN CAPITAL, BONDS, AND CIRCULATION, BY GEOGRAPHICAL DIVISIONS— ContiimecL, Decrease in capital* bonds, and circulation, with number of banks concerned in such decrease. States and Territories. Failed and liquidating banks. Capital. No. New Hampshire Vermont Massachusetts E,hode Island Connecticut Division No. 1.. New York New Jersey Pennsylvania Division No. 2.. Bonds. Circulation. No. 1 2 $50,000 500,000 $12, 500 75, 000 $11, 250 67,500 3 550, 000 87, 500 78, 750 2 250,000 75, 000 67, 500 708,000 295, 500 6 958, 000 1 4 . Division No. 3.. Capital. 2 $125, 000 2 275, 000 4 400,000 265, 950 1 4 25, 000 535, 000 370, 500 333,450 5 560,000 100, 000 25,000 22, 500 M^arvland Dist. Columbia Virginia By banks existing October 31, 1891. Circulation. Bonds. $111, 500 $100,350 1 111, 500 100, 350 I 1 100,000 25, 000 22 500 North Carolina 1 250, 000 50, 000 45, 000 Georgia Florida Alabama 1 1 2 50, 000 50, 000 500,000 13, 000 12, 500 100,000 11, 700 11, 250 90,000 Texas 6 385, 000 96, 250 86, 625 2 300, 000 50,000 50,000 12,500 11, 250 67,500 1 1 4 400,000 12,500 11, 250 1 1 10,000 25,000 124,000 111, 6Q0 Tennessee Division No. 4.. Ohio Indiana Illinois Michigan Wisconsin Division No. 5.. Iowa Minnesota Missouri Kansas Nebraska Division No. 6.. California Oregon Arizona. .. Division No. 7.. Indian Territory Oklahoma North Dakota South Dakota Idaho Montana New Mexico "Utah Washington Wyoming Division No. 8.. 2 350,000 13 1, 585, 000 346, 750 312, 075 8 2 883,900 200, 000 339, 000 125,000 305,100 112, 500 3 2 285,600 100,000 112, 500 25,000 i6i, 250 15 1,469, 500 601, 500 541, 350 2 35,000 2 1 3 9 4 200,000 70,000 1,100, 000 600,000 250, 000 50, 000 17,500 75, 000 150, 000 65, 000 45, 000 15, 750 67, 500 135, 000 58, 500 6 2 450, 000 141, 900 19 2, 220,000 357,500 321,750 8 591,900 2 650,000 87,500 78,750 1 500,000 1 500,000 150, 000 2 650, 000 1 100, 000 4 275, 000 3 2 1 11 70 United States 75, 000 87,500 22, 500 78,750 25, 000 22, 500 70,000 63, 000 300,000 75, 000 67, 500 250, 000 150, 000 62, 500 37, 500 56, 250 33, 750 2 1,075,000 270, 000 243,000 2 150, 000 8, 607, 500 2,146, 250 1, 931, 625 26 2, 630, 900 • REPORT OF THE COMPTROLLER OE THE CURRENCY. CHA.NCJICS IN CAPITAL, BONDS, AND CIRCULATION, BV GEOGRAPHICAL 137 DIVISIONS— Continued. I n c r e a s e and i « c e a s e during year ended October 31, 1892. States and Territories. Total increas e. Capital. Maine New Hampshire Vermont Massachusetts Connecticut Bonds. Total decrease. Circulation. Capital. Bonds. $125, 000 50 000 500,000 $111, 500 12 500 75, 000 $100, 350 11 250 67, 500 179,100 Circulation. $125 000 210, 000 $37 500 62, 500 $33 750 56, 250 1, 415, 650 162, 500 146,250 1, 750, 650 262, 500 236,250 950, 000 199, 000 New York New Jersey Pennsylvan ia 460, 000 265, 000 1, 015, 000 76, 250 68, 750 287,500 68, 625 61,875 258, 750 250, 000 25, 000 1, 243, 000 75, 000 67, 500 295, 500 265, 950 Division No. 2 Delaware Maryland District of Columbia Virginia West Virginia Division No. 3 1, 740, 000 432,500 389, 250 1, 518, 000 370, 500 333,45G Division No. 1 North Carolina . South Carolina Georgia Florida Alabama Mississippi.. Louisiana Texas Kentucky Tennessee Division No. 4 275 000 1 25 000 12 500 11 250 200. 000 295, 060 50, 000 87, 500 45, 000 78, 750 100, 000 25, 000 22, 500 520, 060 150, 000 135,000 100, 000 25, 000 22, 500 125, 000 31,250 28,125 250, 000 50,000 45, 000 200, 000 150, 000 200,000 37, 500 25,000 50, 000 33, 750 22, 500 45, 000 50, 000 50, 000 500, 000 13,000 12, 500 100,000 11,700 11, 250 90, 000 1, 885, 655 457, 300 411, 570 685,000 96, 250 86, 625 80, 000 160,000 25,000 40, 000 22, 500 36, 000 50, 000 400, 000 12. 500 75,000 11, 250 67,500 2, 800, 655 666, 050 599, 445 1, 985, 000 359, 250 323,325 Ohio Indiana .. Illinois Wisconsin Division No. 5 Iowa . . . . Minnesota Missouri .. Kansas Nebraska Division No. 6 Colorado Nevada California ... Oregon Arizona Division No. 7 2,104, 570 1, 439, 850 2, 565, 000 50, 000 506, 950 477,500 365, 000 250, 000 12,500 140, 000 429.750 306, 000 225;000 11,250 126, 000 883. 900 210, 000 25, 000 285,600 100, 000 339, 000 125, 000 305,100 112, 500 112,500 25,000 101, 250 22, 500 6, 666, 370 1, 245, 000 1,098,000 1, 504, 500 601, 500 541,350 1, 245, 000 1,453,850 100, 000 250, 000 325, 000 268, 750 195,000 50, 000 50, 000 43, 750 241, 875 175, 500 45, 000 45, 000 39,375 200, 000 70, 000 1,100, 000 1, 050, 000 391, 900 50, 000 17, 500 75,000 150,000 65, 000 45, 000 15, 750 67, 500 135, 000 58, 500 3, 373, 850 607, 500 546,750 2, 811, 900 357, 500 321, 750 426, 380 96 500 86, 800 400, 000 120, 000 100, 000 50, 000 22, 500 25, 000 45, 000 20,250 22, 500 650, 000 500, 000 87, 500 78, 750 1, 046, 380 194, 000 174, 600 1,150, 000 87, 500 78, 750 Indian Territory Oklahoma North Dakota South Dakota Idaho Montana New Mexico Utah Washington Wyoming Division No. 8 157, 300 90, 000 200,000 40,000 25,000 50, 000 36,000 22.500 45, 000 100, 000 25, 000 22, 500 275,000 70, 000 63,000 United States 175, 000 200 000 100, 000 50, 000 1, 475,000 110,000 50, 000 50 000 25, 000 12, 500 280, 000 27, 500 2, 557, 300 560,000 20,455, 265 4,117, 550 ! 45,000 45, 000 22, 500 11, 250 252,000 24,750 300, 000 75, 000 67, 500 • 250, 000 300, 000 62. 500 37,500 56, 250 33,750 504,000 1,225,000 3, 683, 295 11, 244, 400 * 270, 000 2, 270, 250 243,000 2, 043,225 138 REPORT OF THE COMPTROLLER OF THE CURRENCY. CHANGES IN CAPITAL, BONDS, AND CIRCULATION, BY GEOGRAPHICAL DIVISIONS— Continued. Net increase and decrease—capital, bonds, and circulation. States and Territories. Net increase. Capital. Maine . Hew Hampshire Vermont Massachusetts [Rhode Island Connecticut Bonds. Net decrease. Circulation. $125,000 85,000 $37,500 $33,750 915,650 87, 500 78,750 1,125,650 125, 000 112,500 210, 000 240,000 1,250 68, 750 1,125 61,875 Division No. 2 450, 000 70, 000 63, 000 Delaware Maryland.., District of Columbia Virginia West Virginia 25,000 12, 500 11,250 100,000 295,060 25,000 87,500 22, 500 78, 750 Division No. 3 420,060 125,000 112, 500 150, 000 100, 000 24, 500 12, 500 22, 050 11,250 Division No. 1 New York New Jersey Pennsylvania North Carolina . South Carolina Georgia Florida Alabama . . . Mississippi Louisiana Texas Arkansas Kentucky Tennessee .. . . Division No. 4 Ohio Indiana Illinois [Michigan "Wisconsin Division No. 5 Iowa Minnesota . Missouri Kansas Nebraska Division No. 6 Colorado Nevada California Oregon Arizona Division No. 7 Indian Territory Oklahoma North Dakota South Dakota Idaho [Montana New Mexico "Utah "Washington ^Vyoming Division No. 8 *. United States Capital. Bonds. Circulation. $49, 000 12, 500 $44,100 11, 250 61,500 55, 350 228,000 8,000 7,200 228,000 8,000 7,208 125, 000 18, 750 16, 875 300,000 50, 000 45,000 240, 000 35,000 31, 500 665,000 103,750 93, 375 235, 600 100, 000 90, 000 235, 600 100, 000 90, 000 • 1, 000, 000 800. 000 66, 900 25, 000 100, 000 21, 250 22, 500 90,000 19,125 1, 866, 900 146, 250 131, 625 250,000 380, 000 37,500 33,750 630,000 37, 500 33,750 275, 000 70, 000 63, 000 200, 000 50, 000 45, 000 $50,000 275, 000 325, 000 1,200, 655 361, 050 324,945 30,000 12,500 11, 250 1,480, 655 410, 550 369,495 1, 220, 670 1, 229, 850 2, 540, 000 138, 500 240, 000 250, 000 124, 650 193,500 225, 000 406,950 115,000 103, 500 5,397,470 743, 500 646,650 1, 045, 000 1, 383,850 218, 750 177,500 196,875 159, 750 «. 2, 428, 850 396, 250 356, 625 426,380 96, 500 86,850 100, 000 22, 500 25, 000 20, 250 22, 500 526, 380 144, 000 129, 600 157, 300 40, 000 36, 000 200, 000 50, 000 45,000 10,000 175,000 200, 000 50,000 50, 000 45, 000 45, 000 50, 000 1, 225, 0C0 12, 500 217, 500 11,250 195,750 190, 000 10,000 9,000 2, 007,300 420, 000 378,000 675, 000 130,000 117,000 13, 836, 365 2,434, 300 2,168, 370 4, 625, 500 587, 000 628,300 KEPORT OF THE COMPTROLLER OF THE CURRENCY. 189 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 OCTOBER 31, 1892, AND THE AMOUNT REMAINING ON DEPOSIT AT THE LATTER DATE. States and Territories. Maine New Hampshire Vermont Massachusetts Ehode Island Connecticut New York New Jersey Pennsylvania Delaware Maryland District of Columbia-. Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana—« Texas Arkansas Kentucky Tennessee Missouri Ohio. Indiana Illinois Michigan Wisconsin Iowa Minnesota Kansas Nebraska Nevada Oregon Colorado Idaho -.. Montana Wyoming North Dakota South Dakota Washington California Utah N e w Mexico Arizona Oklahoma Indian Territory Lawful money deposited prior to June 20, 1874, and remaining 'at that date Total Lawful money deposited to retire national-bank cir- Lawful culation since June 20,1874. money on Additional deposit circulation To retire For rewith the To retire issued since demption circulation circulation United Total June 20,1874. of notes of under act under act of States liquidating of June 20, July 12,1882. deposits. Treasurer 1874. banks. at date. $3,499, 359 $888, 787 2, 402, 695 527,118 4, 077, 505 1, 096, 407 43,307, 095 1, 966,100 7, 628, 855 317, 017 9,483, 550 1, 070, 361 48, 930, 460 9, 622, 565 6, 407. 270 1,431,988 32,859;345 4, 969, 251 914, 810 4, 233, 895 184,800 790,150 455, 664 2, 210, 820 1, 208, 869 844, 499 950, 310 389, 660 1, 647,160 405,180 81, 050 1, 376, 340 365,125 414,000 63, 210 1,190, 670 317, 598 356, 600 2, 863, 560 ""666," 413* 5, 687,450 340, 517 646, 450 67,130 8,165, 039 1, 802, 504 2, 345,420 1, 051, 401 4, 700,130 1, 486, 605 21, 290,106 8,170,934 8, 280,190 5, 466, 003 8, 574, 565 3, 937,148 5, 270, 920 3, 347, 456 3, 478, 590 1, 359, 293 5, 339, 349 1,947, 663 2, 722, 305 1, 087, 304 3, 800, 305 1, 563, 085 370, 290 3, 657, 825 76,950 781, 750 """"i6,"720 369,975 2, 306, 855 202, 895 11, 250 1,101, 220 189,940 266, 345 864, 450 107, 640 803,475 133,820 2, 077,185 129,200 3,007, 620 269, 640 161,191 713,150 382,500 59, 750 121. 040 50, 590 21,800 67,500 80, 990 $4, 465, 235 2.416,170 5, 009, 603 53,940,613 8, 858,456 13, 777, 507 57, 455, 961 9, 022,992 36,100, 274 997, 000 6, 348, 665 899,740 2, 377, 275 922. 740 2,153, 210 1, 896, 675 1,678, 855 7, 790 1, 076, 320 38,450 3, 671, 900 1,135, 308 403,120 8, 630, 068 2,172, 756 6,159, 341 19,951,006 11, 959, 253 11,913,126 5, 5.35, 005 2,702, 388 4, 826, 938 2, 614, 827 1, 012, 275 1,151,665 18, 500 180, 860 712, 720 90, 268 334, 610 20, 250 195,570 100, 330 374, 600 1,340,500 527, 550 285, 200 8, 500 $2, 568, 018 1,472,175 1, 913, 262 24, 669, 897 5, 977, 042 6,422, 927 15, 525, 842 3, 084, 530 15, 837, 882 458, 645 3, 665, 625 76, 310 699, 630 551, 015 76, 920 129, 830 547,910 113, 972 802,256' 90, 805 81, 700 1, 302, 992 445,818 604, 259 5, 010, 379 1, 246, 644 1, 546, 506 399, 284 638,828 646, 965 430, 914 63, 201 221, 980 82,450 263, 810 14,762 29, 470 $7,922,040 4, 415, 463 8, 019, 272 80, 576, 610 15,152,515 21,270,795 82, 604, 368 13, 539, 510 56, 907, 407 1,455, 645 10,199, 090 1,431, 714 4, 285, 774 2, 424, 065 2, 619, 790 2,107, 555 2, 591, 890 71,000 1, 507, 890 38, 450 5,140, 563 1, 566, 630 551, 950 11, 785, 564 3,669, 975 8, 250, 205 33,132, 319 18, 671,900 17, 396, 780 9, 331, 745 4,700, 509 7,421,566 4,133, 045 2, 638, 561 1,743, 935 13, 500 274, 030 1, 346, 505 116, 280 554, 020 20, 250 303, 210 234,150 503,800 1, 610,140 688,741 344, 950 53,090 21,800 $682, 578 424, 559 364, 584 4, 333, 768 915,391 1, 300,101 3,977, 364 803, 382 3, 443, 319 147, 550 696, 294 24, 543 199, 896 128,188 63,831 68, 724 131, 654 44,165 126, 011 147 258, 933 137, 914 28. 631 598i 289 279,295 309,704 825, 507 860,481 539, 337 480, 296 263, 912 295. 991 151, 879 388, 426 145,164 998 22, 384 166,561 7,542 14, 892 8,493 50, 700 63,738 210,570 43,667 35,488 1,39019, 890 3, 813, 675 *272,656,387 60, 085,142 297, 560, 965 97, 714, 449 459,174,231 ^25,086,131 * This includes circulation issued under act of July 12,1882. t Exclusive of $104,952 on deposit to retire circulation of national gold banka. 140 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING THE AMOUNT OF NATIONAL-BANK NOTES OUTSTANDING, THE AMOUNT OF LAWFUL MONEY ON DEPOSIT WITH THE TREASURER OF THE UNITED STATES TO REDEEM NATIONAL-BANK NOTES, AND THE KINDS AND AMOUNTS OF UNITED STATES BONDS ON DEPOSIT TO SECURE CIRCULATION AND PUBLIC D E POSITS ON OCTOBER 31, 1892, WITH THE CHANGES DURING THE PRECEDING YEAR AND THE PRECEDING MONTH. National-bank notes. October 31, 1891. September 30, 1892. $172, 067, 721 $172, 680,918 2, 867, 620 10, 856, 244 78, 770 526, 319 185,791, 585 13,464, 391 173, 286, 007 958,813 172, 327,194 172, 327,194 Total circulation. Total amount outstanding at the dates named Additional circulation issued during the intervals: To new banks To banks increasing circulation Aggregate Surrendered and destroyed during the intervals . Total amount outstanding Oct. 31, 1892* . . . Increase in total circulation since Oct. 31, 1891 Decrease in total circulation since Sept. 30, 1892 259,473 353,724 Circulation based on United States bonds. Amount outstanding at the dates named Additional issued during the intervals as above . Aggregate. Retired during the intervals: By insolvent banks By liquidating banks By reducing banks 136, 753, 837 1.3, 723, 864 147,191,593 605, 089 150,477, 701 147,796, 682 761,820 1, 311, 880 1,162, 938 309, 080 191, 250 55,289 Total retired during the intervals . 3, 236, 638 555,619 Outstanding against bonds Oct. 31, 1892 . 147, 241, 063 147,241,063 Increase in circulation since Oct. 31, 1891 . . Increase in circulation since Sept. 30, 1892 . Circulation secured by lawful money.* Amount of outstanding circulation represented by lawful money on deposit with the Treasurer United States to redeem notes: Of insolvent national banks :. Of liquidating national banks ". Of national banks reducing circulation under section 4 of the act of June 20,1874 Of national banks retiring circulation under section 6 of the act of J u l y 12, 1882 Total lawful money on deposit. Lawful money deposited in October, 1892 National-bank notes redeemed in October, 1892 Decrease in aggregate deposit since Oct. 31,1891 Decrease in aggregate deposit since Sept. 30, 1892 United States registered bonds on deposit. Pacific railroad bonds, 6 percent* Funded loan of 1891, 4* percents continued at 2 per cen t Funded loan of 1907, 4 percents Total on deposit 10,487,226 October 31, 1891. $719, 817 5, 279, 966 October 31, 1892. $1,108, 559 5, 056, 407 9, 679, 513 3, 287, 919 19, 634, 588 15, 633, 246 35, 313, 884 25, 086,131 547, 598 950, 792 10, 227, 753 To secure circulating notes. 403, i94 To secure public deposits. $11, 852, 000 21, 897, 850 ! 131,133,150 $1,116, 000 1, 553. 000 12, 563; 000 ! 164, 883, 000 15,232,000 * Circulation of national gold banks, not included in the above, $104,952. 49, 470 REPORT OF THE COMPTROLLER OF THE CURRENCY. 141 STATEMENT OF QUARTERLY INCREASE OR DECREASE OF NATIOXAL-BANK LATION, FROM JANUARY II, 1875, TO OCTOBER 31, 1892. OIKCU- National bank. Increase. Issued. From Jan, 14 to Jan. 31,1*75 . For quarter ended — Apr. 30, 1875 July 31,1875 Oct. 31.1S75 Jan. 31,1870 Apr. 1876.. 1876. July 3876. (Jot*. 1877. Jan. 1877. Apr. 1877. July 1877. Oct. 1878. J an. 1878. Apr. 1878.. July 1878.. Oct. 1879.. Jan. J 879".. Apr. 1879.. July 1879... Oct. 1880.. Jan. 1880.. Apr. 1880.. July 1880... Oct. 1881.. Jan. 1881.. Apr. 1881... July 188.1.. Oct. 1882.. Jan. 1882.. Apr. 1882.. July 1882.. Oct. 1883.. Jan. 1883.. Apr. 1883.. July 1883.. Oct. 1884.. Jan. 1884.. Apr. 1884.. July 1884.. Oct. 1885.. Jan. 1885.. Apr. 1885.. July 1885.. Oct. 188(5.. Jan. 1886.. Apr. 1886.. July 1886.. Oct. 1887.. Jan. 1887.. Apr. 1887.. July 1887.. Oct. 1888.. Jan. 1888.. Apr. 1888.. July 1888.. Oct. Jan. 1889. Apr. 1889. July 1889. Oct. 1890. Jan. 1800., Apr. 1890. July 1890. Oct. 1891. Jan. 1891. Apr. 1891. July 1891. Oct. 1892. Jan. 1892. Apr. 1892. July 1892. Oct. Total Suriendered to tliis office and retired from Jan. 14,1875, to Oct. 31,1892 Grand total I .Decrease. Retired. $537,580 | $255, 600 4,409,220 4,124,165 I 1,915,710 ! 2,504,600 I 877,580 1,107,110 2, 604, 390 3,188, 630 4, 363, 010 3, 000, 230 5, 754,160 6,725,585 3, 036, 760 4, 252, 980 2/276,360 .'$i 097, 060 7, 039, 300 3,674, JgQ 9,122", W P 7. 289, 805 3 T 163, 820 1,748,660 1,199, 930 2, 234, 780 12,690,890 9, 569, 410 6, 484, 550 5, 625, 200 2, 991, 400 4, 054, 740 9, 792, 910 4, 588. 850 3, 638, 650 3,527,100 2, 755, 600 2,748, 270 2, 052, 294 2, 778, 960 2,792,170 1, 265, 520 2,125, 260 2,160,110 5, 591, 760 7, 751, 794 4,700, 384 1, 469, 325 1, 566, 700 1, 243, 550 2, 961, 775 2, 936, 670 4, 021, 350 6,144, 629 7,755,416 6,188,531 1, 049, 765 930,445 1,179,165 1,376, 200 1,783,920 1, 428, 895 3,469, 345 2, 481, 990 1, 817, 525 1, 765, 540 1, 397,135 4, 065, 775 8, 230,000 5,241,445 3, 217, 945 2, 992, 805 2, 271, 669 3, 336, 804 5, 423,930 5, 553, 971. 3, 852, 731 5.425, 539 9, 6G3, 98-1 8,564, 727 4, 759, 015 5, 005, 596 4, 984, 399 3, 516, 321 2, 701, 885 1, 906, 720 3,453, 080 2, 924, 430 747, 327 1,822,988 '2, |15, 524 • 1,754,558 " 674,129 1, 555, 766 2,427, 398 1, 535, 760 1, 361, 534 4.426, 596 4, 734, 578 3! 182, 551 3, 354,153 4,414, 865 5, 741,456 5,611,497 4, 927, 020 6, 510, 245 6\ 868, 245 6, 369, 273 5; 172,714 8,430, 804 7, 883, 997 6,833, 874 7, 812. 055 8^ 135: : 5, 731, 6, 758, 5, 581, 8, 397, 8. 425, 6, 468, 9, 580, 11, 014, 11.307. 8, 42li 12,190, 15, 005, 15,115, 11, 277, 11, 031, 11, 789, 11, 791, 7, 894, 8, 865, 8,496, 7, 545, 6, 444, 5, 896, 6, 578, 5,973, 4, 462, 4, 220, 3, 934, 2, 824, 2, 439, 267, 921,887 431, 825, 542 | 267,921, 887 448,109, 420 $281,980 I 1 1,072,416 j I $1, 299,761 3, 638, 261 1, 348,131 4, 547, 959 8, 556, 874 5, 960. 333 1,570,386 042,586 1,984,169 2, 237, 839 4, 023. 700 1,130, 039 797, 900 2, 34!), 733 5, 216. 312 959,306 7, 367, 742 6, 615, 676 1, 608, 054 873, 246 8, 264, 294 4. 834, 832 3, 301, 999 2, 271, 047 4,181, 413 648,070 678,738 335, 830 1, 423,465 1,686,710 338,170 2,871,595 3, 341,145 3, 613, 673 2,424,444 6,378,510 5,105,037 4, 041, 704 6, 576, 535 6, 009, 852 3, 571, 563 1,166, 394 2,170,533 3, 696, 779 6, 956,161 4, 901, 527 8, 337. 423 8,052, 282 8, 371, 048 4, 400,179 6, 045,530 7,250,163 8,926, 654 10, 228, 003 10,101,053 10,609,996 10,415,438 6,110, 533 7,436,106 5,026, 960 5, 063,126 4, 626, 650 4,131, 054 5,181,444 1, 907, 746 3, 767,150 1, 020, 938 716,484 168,061 167, 617 64, 516, 210 228,419,865 64,516, 210 244, 703, 743 16, 283, 878 16,283,878 STATEMENT OF NATIONAL-BANK NOTES ISSUED, KEDEEMED, AND OUTSTANDING, BY DENOMINATIONS AND AMOUNTS, ON OCTOBER 31, IN EACH YEAR FROM 1864 TO 1892, Tear. 1804. Ones. Issued . Redeemed Outstanding Twos. j INCLUSIVE. Fifties. One hundreds. Five hundreds. One t h on sands. Total. Fives Tens. Twenties. $26, 924,100 $19,708, 260 $6, 536, 920 $2, 491,300 $2, 903, 400 $250, 000 $58,813, 980 26, 924,100 19,708, 260 6, 536, 920 "2,"49i,"30b" 2, 903,400 250, 000 ""58* 813," 980 53,493, 210 195,800 53, 297,410 28, 209, 500 26,580 28,182, 920 10, 349, 700 46, 550 10, 303,150 15, 033, 600 89,500 14, 944,100 5,446,500 1 $4,404,000 1,000 5, 446, 500 4,403, 000 2,020,167 " i , " 346," 778' 84, 796, 000 104, 820 84, 691,180 1866... Issued Redeemed Outstanding. 7, 699,182 7,680 7, 691, 502 5,156, 012 11, 700 5,144, 312 111, 115, 620 153,175 110, 962,445 75, 807, 000 225, 390 75,581, 610 42, 278,700 42, 060 42,236, 640 16,473, 700 76, 050 16,397, 650 24, 657, 500 172, 700 24,484,800 6, 669, 500 302, 500 6, 367, 000 4, 728, 000 507, 000 4,221, 000 205,099, 455 464, 250 204, 635, 205 294, 585, 214 1,498, 255 293,086,959 Issued Kedeemed Outstanding. 8,396,179 58, 606 8, 337, 573 5, 622, 722 42,356 5,580,366 113, 535,300 753, 855 112, 781,445 77,899, 270 510,620 77, 388, 650 43, 615,720 198, 080 43,417,640 17,469,850 432,300 17, 032,550 26, 243, 600 877, 000 25,366, 600 6, 691, 500 671, 500 6, 020, 000 4, 728, 000 1, 563, 000 3,165, 000 304, 202,141 5,107,317 299, 094, 824 8, 947, 798 27-2, 997 8, 674, 801 5, 990, 468 156,016 5, 834,452 115,738,140 2, 515, 095 113, 223, 045 79,227, 620 1, 300, 500 77, 927,120 44,430, 700 759,760 43, 670, 940 17,775,450 880,950 16, 894,500 26, 766, 600 1, 598, 000 25,168, 600 6, 744, 500 I 4, 746, 000 909,000 1,858,000 5, 835, 500 2, 888, 000 310, 367, 276 10, 250, 318 300,116, 958 9,663,584 973, 427 8, 690,157 6, 468, 392 497, 538 5,970,854 118, 674, 740 5,146, 030 113, 528,710 81,107, 820 2, 847, 390 78, 260, 430 45,490,040 1, 496,400 43,993,640 18, 205,350 1, 502,050 16,703, 300 27,526, 300 2, 708,100 24, 818, 200 6,838, 500 1, 347, 000 5, 491, 500 4, 769, 000 2, 501, 000 2, 268, COO 318, 743, 726 19, 018, 935 299. 724, 791 10, 843, 693 2, 752, 688 8,091, 005 7,256, 558 1, 437, 318 5, 819, 240 124,376, 620 9,035, 250 115,341, 370 85,118,950 5, 060, 560 80,058, 390 48,208,980 2, 701,960 45, 507, 020 19,180, 600 2, 501, 050 16,679, 550 28, 667, 200 4, 587, 500 24, 079, 700 6, 980, 000 2, 096, 000 4, 884, 000 4, 779, 000 3, 380, 000 1, 399, 000 335,411, 601 33, 552, 326 301, 859, 275 1805. 1867.. Issued Redeemed Outstanding 1868... Issued Redeemed Outstanding j Issued ! Redeemed Outstanding 1870... Issued Redeemed Outstanding $2, 020,167 $1, 346, 778 i ' | I 1871. Issued Redeemed Outstanding . 12, 673, 867 5,471, 799 7, 202, 068 8, 482, 434 3,114, 890 5, 367 544 142,195,820 17, 014, 975 125,180,845 98, 246, 300 9, 689,570 88,556, 730 56,132, 040 5, 076,520 51,055,520 21, 806, 850 4, 277, 250 17, 529, 600 32, 365, 500 7, 846,100 24,519,400 7, 326, 500 3, 078, 000 4, 248, 500 4, 843, 000 4, 028, 000 815,000 384,072, 311 59, 597,104 324,475, 207 1872. Issued Redeemed Outstanding . 14, 297, 360 7,919, 388 6,377,972 9,565,256 4, 816, 778 4, 748,478 159,666,740 29,803,335 129, 863, 405 112,534. 520 16, 997; 020 95, 537, 500 64, 513, 760 8, 777,040 55,736,720 24, 859, 950 6, 309, 000 18, 550, 950 36,779, 700 11, 098,900 25, 680, 800 7, 810,500 3, 933, 500 3, 877, 000 4, 933, 000 4, 315, 000 618,000 434, 960, 786 93, 969, 961 340, 990, 825 1873... Issued Redeemed Outstanding . 15, 526,189 9,891, 606 5, 634, 583 10,390,222 6,241,446 4,148, 776 174,472, 280 45,709,815 128, 762, 465 125, 603, 990 25.730, 700 99, 873, 290 72,164, 380 13, 061,420 59,102, 960 27,987,100 8,448, 800 19, 538, 300 41, 661, 000 14, 405, 700 27, 255, 300 8, 233, 000 4, 829, 000 3,404, 000 5,158, 000 4, 530, 000 628, 000 481,196,161 132, 848,487 348, 347, 674 1874... Issued Redeemed Outstanding . 16, 550, 259 11,143, 606 5,406, 653 11, 078, 226 7,110,03o 196, 215,680 65, 208,025 131, 007, 655 133, 370. 760 39,127, 070 94,243, 690 79, 242,180 19, 832,160 59,410,020 33, 348, 500 11. 577,800 21, 770, 700 49, 250, 200 19, 657, 200 29, 593, 000 8, 657, 000 5,838, 000 2, 819,000 5, 250, 000 4, 683, 000 567, 000 532, 962,805 184,176, 899 348, 785,906 1 8 7 5 . . . Issued ) 18,048,176 I 14,092,126 3,956,050 12, 079, 504 235,275, 920 174,105, 070 105, 921,280 9, 233,246 124,633, 860 76,085,320 40,489, 280 2,846,258 110,642, 060 98, 019,750 65, 432, 000 44, 209, 250 19, 051, 850 25,157,400 64, 585, 800 29, 942, 800 34, 643, 000 9, 223, 000 7, 236, 500 1, 986, 500 5, 540, 000 5, 047,000 493, 000 668, 988, 000 325, 811,982 343,176, 018 1 8 7 6 . . . Issued 18,851,264 15,556,708 3,294,556 12, 614,896 258,917, 640 200, 086, 520 121, 729,840 10, 249,092 161,910,280 103, 692,140 57,444, 920 2,365,804 97,007,360 64,284,920 96,394,380 49, 281, 750 25, 789, 200 23,492, 550 71, 092, 000 39, 578, 500 31, 513, 500 9, 345, 500 8,108, 500 1, 237, 000 5, 549, 000 5,272,000 277,000 747,468, 410 427, 601,340 319,867, 070 20,618,024 | 16,815,568 3,802,456 13,793,936 284,084, 240 222, 660,640 135, 525, 060 11, 111, 052 190,579,340 124, 347, 790 70, 470, 560 2, 682,884 93,504, 900 98, 312, 850 65, 054, 500 53,990, 050 31,733,950 22, 256,100 76, 733, 700 47,931,700 28, 802, 000 9, 906, 000 8, 807, 500 1,188, 500 5, 678,000 5,411, 000 267,000 823, 079, 650 507,208,460 315, 871,190 22,480,415 18,194,196 4,286,219 15, 035,530 305,956,440 241, 572, 930 146, 883,340 12,053,384 213,417,165 138, 591, 490 79,063, 560 2,982,146 92,539, 275 102, 981,440 67,819,780 57, 379,900 36,411,100 20, 968, 800 81, 292, 300 54,185, 900 27, xO6,400 10, 090, 000 9, 447, 500 642, 500 6,214, 000 5,900, 000 314, 000 886, 904, 855 567, 264, 295 319, 640, 560 23,169, 677 19, 600,477 3, 569,200 15,495, 038 327,892,200 259,042, 230 157, 399, 020 13,002, 540 229, 980, 380 149,305, 990 85,146, 860 2,492,498 97,911, 820 109,736, 240 72,252,160 60, 589, 050 39, 263,150 21,325,900 85, 074, 000 58,160,400 26,913, 600 10, 270, 000 9, 643, 500 626, 500 6, 350,000 6, 057, 000 293, 000 945, 281, 215 610,160, 297 335,120, 918 Redeemed Outstanding Redeemed Outstanding 1 8 7 7 . . . Issued Redeemed Outstanding 1878... 1879... Issued Redeemed Outstanding . Issued Redeemed Outstanding . 1880... Issued Redeemed Outstanding . 23,169, 677 20, 875, 215 2, 294,462 15,495, 038 345,659, 880 272, 031, 680 165, 327, 960 90,096,400 13,887,778 245,749,120 158,211,100 1, 607, 260 99,910, 760 113, 820, 580 75, 231, 560 62, 694, 250 41,274,950 21,419, 300 87, 951, 000 61, 060,100 26, 890, 900 10. 366, 500 9, 742, 000 624, 500 6, 373, 000 6,124, 000 249, 000 989, 068, 985 647, 020, 663 342, 048, 322 1881... Issued Redeemed Outstanding . 23,169,677 21, 838, 565 1, 331,112 15,495,038 368,062, 520 294,775,190 178,816,340 14, 572, 868 267, 582,440 173, 466, 350 98,099,840 922,170 100,480, 080 121, '60S, 840 80, 716, 500 67, 879, 700 44, 594, 500 23, 285, 200 95,973,200 66, 020, 200 29, 953, 000 10, 964, 500 10, 247, 500 717, 000 7,154, 000 6, 943, 000 211,000 1, 062,290,165 703, 365, 263 358, 924, 902 1882... Issued Redeemed Outstanding . 23,169, 677 22, 353,877 815,800 15,495, 038 393,487,120 320,422, 600 195,035,680 I 72, 667, 200 103, 513, 800 49, 009,100 71, 913, 000 14, 968, 280 296,566,165 197, 709, 340 111,434,140 526, 758 96, 920, 955 122, 713,260 83,601,540 j 23, 658,100 31, 600, 800 11,378,500 10, 440, 000 938, 500 7,197, 000 6, 990, 000 207, 000 1,142, 366, 615 781, 383, 902 360, 982, 713 1883... Issued Redeemed Outstanding . 23,169, 677 22, 593, 909 575, 768 15, 495, 038 417, 236, 040 345,440, 860 211,576,920 ' 77, 801,450 111, 474, 200 15,141, 806 325, 712, 835 227,123, 550 128,492, 760 54, 535,150 78,912,500 353, 232 91, 523, 205 118, 317,310 83, 084,160 23, 266, 300 32, 561, 700 11, 566, 500 10, 683, 500 883, 000 7, 287, 000 7,092, 000 195, 000 1, 221, 047, 685 870,288, 010 350,759, 675 23,169, 677 22, 671, 936 497, 741 15,495,038 440, 505, 940 371,821, 020 228,841, 820 15, 206, 570 355,196, 785 260, 501, 070 149, 635, 240 288, 468 85, 309,155 111, 319, 950 79, 206, 580 11, 853, 000 83, 051, 500 119,977,000 60,828, 650 87,454,300 j 10, 990, 500 862, 500 22, 222, 850 32,522,700 j 7, 379, 000 1,302, 093, 995 7,156,000 i 969,641,051 223,000 332,452,944 23,169, 677 22, 731, 963 437, 714 15, 495, 038 466, 042, 000 398, 040, 010 246, 363,460 15, 257,754 384, 085, 330 293, 828, 720 171, 275, 940 237, 284 81, 956, 670 104, 211, 290 75,087, 520 87, 927, 650 128, 770, 600 67, 288,100 97,192, 200 20, 639, 550 31, 578, 400 11,947, 000 11, 363, 500 583, 500 7, 379, 000 7, 238, 000 141, 000 1, 385,134,435 1, 070, 261, 507 314, 872, 928 23,169, 677 22, 757, 987 411, 690 15,495, 038 488, 336,800 416, 959, 700 258,912, 360 15,279,612 405, 546, 320 317, 672, 780 187, 957,120 82, 790, 480 99, 286, 920 70, 955, 240 215,426 90, 759, 700 134, 202.100 72, 565, 050 105, 533,000 18,194, 650 28, 669,100 11, 947, 000 11, 569, 000 378,000 7, 379, 000 7, 290, 000 89, 000 1,447,161, 875 1,146,170, 869 300, 990, 5Q6 23,169, 677 22, 776,403 393, 274 15,495,038 502, 277, 620 427, 627,990 266, 022,900 15, 293,440 425,853, 955 337, 999, 280 201, 838, 860 201,598 76, 423, 665 89, 628, 710 64,184, 040 92,481, 650 137, 516, 600 76,807,150 112, 745, 300 15, 674, 500 24, 771, 300 11,947, 000 11, 646, 500 300, 500 7, 379, 000 1,483, 917,475 7, 305, 000 1, 212, 265, 888 74.000 I 271, 651,587 1 8 8 4 . . . Issued Redeemed Outstanding . 1 8 8 5 . . . Issued Redeemed Outstanding . Issued Redeemed Outstanding . 1887... Issued Redeemed Outstanding . 1886. w o o I o o a-* STATEMENT OF NATIONAL-BANK NOTES ISSUED, REDEEMED, AND OUTSTANDING, BY DENOMINATIONS AND AMOUNTS, ETC.—Continued. Year. Ones. Issued Redeemed... Outstanding. Twos. Fives. Tens. Twenties. Fifties. One hundreds. Five hundreds. One thousands. *—*• Total. $23,169,677 $15,495, 038 $520,506, 800 $442,223, 330 $275,754,140 $94, 893, 350 $142,217,600 $11, 947, 000 $7, 379, 000 $1,533,585 935 ! 22,783,281 15, 298,872 453,086, 540 364,436, 600 218, 806, 920 81, 230, 400 119,872, 000 11, 706, 500 7, 320,000 1, 294, 541,113 ! 386,396 196,166 240, 500 239, 044, 822 67,420, 260 77,786, 730 56, 947, 220 13, 662, 950 22, 345, 600 59, 000 Issued Redeemed... Outstanding. 23,169, 677 22, 794, 643 375, 034 15,495, 038 532,659,620 451,361,990 281,804, 220 15, 306, 858 476, 027, 775 386,221,110 232, 686,320 188,180 56, 631,845 65,140, 880 49,117, 900 95,997, 250 144, 384,000 84, 750,700 125, 601,800 18, 782, 200 11,246,550 11, 947,000 11, 737, 500 209, 500 7, 379,000 1, 564,197, 795 7, 327,000 1, 362, 453, 706 201,744,089 52,000 Issued Redeemed Outstanding.. 23,169, 677 22, 800, 061 369, 616 15,495, 038 544,788,840 461,240, 000 288, 323, 560 15, 311,146 494,306,190 403,621,260 244, 251, 900 183,892 50,482, 650 57,618,740 44, 071,660 97,468,100 147, 273,300 87. 709, 800 130, 537,200 16, 736,100 9,758,300 11, 947, 000 11, 764, 000 183, 000 7, 379, 000 1, 597, 084, 515 7, 333, 000 1, 417, 634, 557 46, 000 179, 449, 958 1891.- - Issued Redeemed Outstanding . 23,169, 677 22,802, 625 367, 052 15, 495, 038 561,426,260 474,952, 880 297, 355, 680 15,313, 292 511, 284, 975 421,173, 990 256,301. 380 181, 746 50,141, 285 53, 778, 890 41, 054, 300 99, 848, 700 151, 976,100 90, 406, 400 135,172, 500 9,442, 300 16, 803, 600 11, 947. 000 11,779^ 500 167, 500 7, 379, 000 1, 643, 550,335 7, 337, 000 1,471, 571, 662 42, 000 171,978, 673 o 1892... Issued Redeemed Outstanding . 23,169, 677 22, 806, 348 363,329 15,495, 038 577,190, 300 491,530, 600 308, 389, 420 102, 085, 550 156, 315,100 15, 316,106 527, 218, 370 437,176,700 267,451, 740 92, 916,700 139, 439, 800 178, 932 49,971, 930 54,353, 900 40,937, 680 9,168, 850 16, 875, 300 11, 947, 000 11, 794, 000 153, 000 7. 379, 000 1, 693, 501, 685 7,345, 000 i; 521, 464; 764 34, 000 172, 036, 921 O 1890.. O O [NOTE.—First issue Dee. 21,1863;firstredemption Apr. 5,1865.] o o REPORT OF THE COMPTROLLER OP THE CURRENCY. 145 STATEMENT OF NATIONAL GOLD BANK NOTES ISSUED, REDEEMED, AND OUTSTANDING OCTOBER 31, 1892. Issued. Denominations. Fives Tens . . . . . Twenties - --Fifties One h u n d r e d s Five hundreds . . . One thousands - - - Total Fractions unredeemed . . Outstanding. $364,140 746, 470 722, 580 404! 850 809, 700 342, 500 75,000 $343, 090 716,460 695,340 396, 200 793,800 340,500 75,000 $21,050 30,010 27. 240 8, 650 15, 900 2,000 3,465, 240 3, 360, 390 +102 104,850 -102 3, 360, 288 104, 952 ........ . Redeemed. . STATEMENT OF NATIONAL BANK NOTES ISSUED DURING THE YEAR ENDED OCTOBER 31, 1892, WITH THE TOTAL AMOUNT ISSUED, REDEEMED, AND OUTSTANDING. Issued Total isCirculation Total issues Total redempsued preduring the outstanding vious years. to Oct. 31, 1892. tions Oct. 31, 1892. Oct. 31, 1892. year. Denominations. Ones Twos Fives Tens Twenties Fifties One hundreds Five hundreds One thousands $15, 764, 040 16, 577, 720 11, 033, 740 2, 236, 850 4, 339, 000 $23,169, 677 15,495, 038 561, 426, 260 474, 952, 880 297, 355, 680 99,848,700 151, 976,100 11, 947,000 7, 379. 000 $23, 169, 677 15, 495, 038 577, 190, 300 49 L, 530, 600 308, 389,420 102. 085, 550 156, 315,100 11, 947, 000 7, 379,000 Total | 49, 951,350 1, 643, 550, 335 1, 693, 501, Unpresented fractions of notes to be deducted from notes redeemed and added to amount of currency outstanding Total. 9647 10 $22, 806, 348. 00 15, 316, 106. 00 527, 218, 370.00 437,176, 700.00 267, 451, 740. 00 92, 916, 700. 00 139, 439, 800. 00 11, 794, 000.00 7,345, 000.00 $363, 329. 00 178, 932.00 49, 971, 930.00 54, 353. 900. 00 40, 937, 680. 00 9,168, 850.00 16,875, 300.00 153, 000. 00 34, 000. 00 1, 521, 464, 764. 00 172, 036, 921. 00 27, 010. 25 27, 010. 25 1, 521,437, 753. 75 172, 063, 931. 25 146 REPORT OF THE COMPTROLLER OF THE CURRENCY. TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES, EXHIBITING THE NUMBER OF BANKS IN EACH, CAPITAL, BONDS ACTUALLY HELD ON SEPTEMBER 30, 1892, MINIMUM AMOUNT OF BONDS REQUIRED BY LAW, AND THE EXCESS OF BONDS ON SEPTEMBER 30,1892, AND SEPTEMBER 25, 1891. United States bonds. States, Territories, and No. of banks. reserve cities. Maine New Hampshire Vermont Massachusetts Boston Rhode Island Connecticut Division No. 1 New York New York City Albany Brooklyn New Jersey Pennsylvania Philadelphia Pittsburg Capital. Heid September 30,1892. Minimum required. Excess of bonds. September 30,1892. September 25, 1891. 81 54 49 213 55 59 84 $11,090, 000 6, 272,500 7,160,000 46,130, 700 53,100, 000 20. 277, 050 22,999, 370 $3, 848,900 2,913,000 3, 050, 000 16, 610, 450 5, 610, 000 6, 242, 250 6,183,000 $2,097, 500 1, 543,125 1,477, 500 8, 565,175 2, 750, 000 2, 437, 500 3,412, 075 $1, 751, 400 1, 369, 875 1, 572, 500 8, 045, 275 2, 860, 000 3, 804,750 2,770, 925 $1,746,400 1,360,750 1,452, 500 7,002,575 1, 625, 000 1, 878, 750 2, 357,675 595 167, 029, 620 44,457, 600 22, 282, 875 22,174, 725 17,423, 650 266 48 6 5 98 307 41 26 33, 344,060 49, 650, 000 1, 550, 000 1, 352, 000 14,528,350 37,742,390 22, 465, 000 10,900, 000 14,363,700 6, 709, 000 300, 000 542,000 4, 319, 750 12,445, 550 4,187, 500 1, 780, 000 7,398, 665 2, 400, 000 300, 000 250, 000 2,942,087 8,306, 842 2, 037, 500 1, 275, 000 6, 965. 035 4,309, 000 292, 000 1,377, 663 4,138, 708 2,150, 000 505, 000 6, 380, 785 4,416, 500 100, 000 292, 000 1, 336,413 3,277,452 1,543,000 155,000 Division No. 2 797 171, 531,800 44, 647, 500 24, 910, 094 19, 737; 406 17,501,150 Delaware Maryland Baltimore District of Columbia "Washington "Virginia West Virginia 18 43 22 1 12 36 28 2,133, 985 3,561, 700 13, 243, 260 252,000 2,575, 000 4,656,300 2,800, 650 740, 000 1, 548, 500 1, 300, 000 250,000 650, 000 1, 418, 750 791, 250 455,200 877, 500 1,100, 000 50, 000 575,000 985,000 698, 662 284, 800 671,000 200, 000 200,000 75, 000 433,750 92, £88 284,800 444, 550 100,000 200, 000 75,000 446, 000 91, 750 Division No. 3 160 29, 222, 895 6,698, 500 4,741,362 1,957,138 1, 642,100 23 14 32 18 29 13 11 10 223 10 72 10 55 2,625,180 1,623, 000 4, 541, 000 1,350, 000 3,919,000 1,165,000 810, 000 3,625, 000 26, 315,495 1,600,000 10,477, 900 4,901,500 10,179,455 769,000 468,750 1,086,250 380,000 1,152,000 352,750 252, 500 950,000 5,296,850 310,000 3,477,500 500,000 1,479, 000 631, 295 393, 250 935, 250 337, 500 786, 000 291,250 202,500 500,000 5,226,374 300,000 2, 313, 225 500,000 1,451,114 137. 705 75, 500 151, 000 42, 500 366. 000 62.500 50,000 450, 000 70,476 10, 000 1,164, 275 87, 625 75,500 151, 500 55, 000 361, 000 62,500 27, 886 12,750 73,132, 530 16,475,600 13,867, 758 2,607,842 1, 800, 000 216 13 10 106 188 23 96 8 74 3 26, 889,870 9,100,000 8, 050,000 13,447, 000 17,046,000 22,900, 000 10, 634, 000 4, 400, 000 6, 652, 650 850,000 8,493, 500 2,767,000 675, 000 4, 221,050 5,132,000 1,300,000 2, 443,000 500,000 1,684,250 350,000 5, 890, 793 650,000 500, 000 2, 974, 250 4,167, 750 1,150, 000 2,279, 750 400,000 1, 610, 663 150,000 2, 602,707 2,117, 000 175,000 1, 246, 800 964, 250 150, 000 163, 250 100,000 73, 587 200,000 1,987, 638 90, 000 175, 000 1, 280, 800 955, 750 150,000 200, 750 737 119,969,520 North Carolina South Carolina Greorgia Florida .Alabama Mississippi ^Louisiana New Orleans Texas Arkansas Kentucky Louisville Tennessee Division No. 4 Ohio . Cincinnati Cleveland Indiana Illinois Chicago Michigan .. - Detroit Wisconsin Milwaukee Division No. 5 Iowa» - ...... ....... Des Moines Minnesota St. Paul Minneapolis Missouri St. Louis Kansas City St. Joseph Kansas Nebraska Omaha Division No, 6 522 350,000 54, 350 10, 000 579,775 116, 750 100,000 27, 565,800 19,773, 206 7, 792, 594 5, 056, 688 3,364, 500 150, 000 1, 267, 300 300,000 350, 000 1,182, 800 450,000 550,000 300, 000 2, 892, 750 2, 326, 250 730, 000 3, 080, 000 150, 000 1,173,462 250, 000 350, 000 1,135, 000 450,000 525,000 175, 000 2, 723. 025 2, 254, 525 450,000 284, 500 307,500 93, 838 50, 000 77, 300 50,000 57 9 11 4 142 128 9 13, 820,000 700, 000 5, 668, 850 4, 800, 000 4,931,000 4, 590, GOO 10. 700, 000 6, 900,000 2, 000, 000 12,442,100 9, 368,100 4,150, 000 47, 800 47,800 25, 000 125, 000 169,725 71, 725 280,000 125, 000 107,225 102,975 592 80, 070,050 13,863,600 12,716, 012 1,147,588 817,800 157 4 59 5 REPORT OF THE COMPTROLLER OF THE CURRENCY. 147 TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES EXHIBITING THE NUMBER OF BANKS IN EACH, CAPITAL, ETC.—Continued. States, Territories, and No. of reserve cites. banks. Colorado Nevada California San Francisco Oregon Arizona 136 Division No. 7 !N"orth Dakota — South Dakota Idaho Montana New Mexico Utah Washington Wyoming.. Oklahoma Indian Territory. 236 3,773 Held September 30, 1892. Minimum required. Excess of bonds. September 30,1892. September 25,1891. $9, 065, 000 282,000 5, 675, 000 2, 500, 000 3,945,000 300,000 $1, 699,250 70,500 1,418, 750 100,000 513, 550 75, 500 $1, 378,750 70, 500 1,118, 750 100, 000 811,250 75, 000 $320,500 $367, 750 3o6000 "'366,666 2,300 500 9,800 500 21,767,000 4,177,550 3, 554, 250 623,300 678,050 619,000 654,750 181, 550 905, 850 315, 000 475, 000 1, 795, 500 302, 500 50, 000 90, 000 603, 750 652, 500 175, 000 897, 500 235,000 462, 500 1, 756, 350 302,500 46, 250 87,300 15, 250 2,250 6,550 8, 3P0 80, 000 12, 500 39,150 15, 250 3,500 300 17, 350 80,000 12, 500 53, 275 5, 389,150 5,218, 650 2,465, 000 2, 610, 000 700,000 4, 740, 000 915, 000 2,800,000 7, 875,400 1, 210, 000 185,000 349 200 Division No. £ United States United States bonds. Capital. 23, 849, 600 686, 573,015 3.750 2,700 170,500 163, 275, 300 107, 064, 207 56, 211, 093 182,175 45,101, 613 148 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, FOR THE YEARS 1891 AND 1892, AND THE INCREASE OR DECREASE IN BANKS AND CAPITAL DURING THE INTERVAL. States, Territories, and Reserve Cities. M^&ine New Hampshire Vermont Massachusetts Boston Rhode Island Connecticut .. .... Increase. September 25,1891.! September 30,1892. No. Capital. No. Capital. No. Capital. 63 44 39 97 $5,235, 000 4, 605, 000 3, 760, 000 10, 927, 500 66 46 38 103 23 34 2, 550, 000 3, 673, 300 %\ 34 2, 550, 000 3, 648,300 300 30, 750, 800 310 32,131, 500 New York New York City .Albany Brooklyn . . jTow .Tersev Pennsvlvania Philadelphia Pi ttsburg Division No. 2 213 1 18, 934, 660 150,000 213 18, 994, 660 65 235 1 1 5, 558, 350 20,142, 390 150, 000 100, 000 68 244 1 1 5, 768, 350 20,627,370 150,000 100,000 3 9 210,000 484, 980 516 45, 035,400 527 45, 640, 380 12 754, 980 Delaware ]tfarvland Baltimore District of Columbia) Washington "Virginia West Virginia 14 40 1,02^, 800 2, 865, 800 14 40 1,020, 800 2, 910,000 1 28 19 100,000 2,191,000 1, 648, 000 1 27 24 100, 000 2,141, 000 1, 994, 650 5 Division No. 3 102 7,825, 600 106 8,166, 450 16 11 23 17 20 13 10 1, 341,000 973, 000 1, 841, 000 1,200, 000 1,529,000 1,165, 000 610, 000 18 11 23 18 22 13 10 1,525,180 973. 000 1, 941, 000 1,350, 000 1, 744, 000 1,165, 000 610, 000 178 7 48 13,673,100 600,000 4, 572, 270 194 7 49 38 2,905, 000 381 168 80 163 .... $5, 4, 3, 12, 390, 000 572, 500 710, 000 260, 700 3 $155, 000 6 1, 333, 200 11 1, 488, 200 Decrease. No. Capital. $32, 500 50, 000 1 25, 000 • Division No. 1., North Carolina South Carolina Georgia Florida liOllisiRTlcl Texas Louisville Tennessee Division No. 4 Ohio Cincinnati Cleveland . Indiana Illinois Chicago Michigan Detroit "Wisconsin Milwaukee 1 107,500 1 150, 000 1 150, 000 1 1 50, 000 346, 650 5 390, 850 1 50, 000 2 184,180 j" 2 100, 000 150, 000 215,000 15,105,495 600,000 4,652, 900 16 1,432, 395 1 80,630 42 3,204,455 4 299, 455 30,409, 370 407 32,871,030 26 2 461,660 14, 248, 850 171 14, 563,170 3 314, 320 7,147,000 12, 401, 000 83 168 7,297,000 12, 671, 000 3 5 150, 000 270,000 87 7,019, 000 85 6, 919, 000 63 4,683, 000 67 5,042,650 4 359, 650 561 45,498, 850 574 46,492, 820 15 1, 093,970 138 2 44 9, 660,000 200, 000 2, 767, 000 147 2 52 10,120,000 200,000 3, 293, 850 9 460,000 8 526, 850 3,820, 000 53 3,740,000 1 1 134 122 100, 000 100,000 9,492,100 7, 818,100 1 100,000 512 34, 864, 050 18 60, 000 44,200 r . . . 2 100, 000 2 100, 000 2 80, OdO 4 3 1 119,890 225, 000 100,000 10 524, 890 . Division No. 5 Iowa Des Moines Minnesota . . St. Paul Minneapolis 3dissouri St. Louis Kansas City St. Joseph '. Kansas Nebraska Omaha .... . Division No. 6 55 t 1 138 125 1 100, 000 9, 611, 990 8, 043,100 100,000 504 34,302, 090 1, 086,850 REPORT OF THE COMPTROLLER OF THE CURRENCY. 149 TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES, EXHIBITING THE NUMBER OF BANKS IN EACH, WITH CAPITAL OF $150,000 AND UNDER, ETC.—Continued. States, Territories, and Keserve Cities. Colorado Nevada California San Francisco Oregon Arizona Division No. 7 North Dakota South Dakota Idaho Montana New Mexico Utah Washington "Wvoming. Oklahoma Indian Territory Division No. 8 United States September 25,1891. September 30,1892. No. Capital. No. Capital. Increase. No. Capital. Decrease. No. Capital. 35 1 22 $2, 340, 000 82,000 2,125, 000 38 1 22 $2, 515,000 82,000 2, 075, 000 3 $175, 000 35 2,075,000 200, 000 36 4 2, 245, 000 300,000 1 1 170,000 100, 000 96 6, 822, 000 101 7, 217, 000 5 445, 000 32 41 8 24 11 7 53 10 3 2 2, 040,000 2, 585, 000 575,000 1, 854, 000 940,000 600, 000 3, 702, 900 835, 000 200,000 150,000 31 39 11 26 10 8 54 11 4 6 2, 015, 000 2, 410. 000 700,000 1, 990, 000 740, 000 650, 000 3,825,400 810,000 185,000 349,200 191 13,481, 900 200 13, 674, 600 13 632, 700 4 440, 000 2,651 214,126, 010 2,737 221,057, 830 105 8,354,210 19 1,422, 390 $50, 000 3 2 125, 000 136,000 1 1 1 1 4 50, 000 122,500 50. 000 1 25, 000 175, 000 1 200,000 25, 000 15, 000 199, 200 150 REPORT OF THE COMPTROLLER OF THE CURRENCY. TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES, EXHIBITING THE NUMBER OF BANKS IN EACH, WITH CAPITAL EXCEEDING $150,000, FOR THE YEARS 1891 AND 1892, AND THE INCREASE OR DECREASE IN BANKS AND CAPITAL DURING THE INTERVAL. September 25,1891. September 30,1892. Increase. States, Territories, and Reserve Cities. No. Capital. N o . Capital. No. Capital. Maine .New Hampshire Vermont ... Boston Rhode Island Connecticut Division No. 1 15 8 11 110 56 36 50 $5 700 000 1, 700, 000 3,450, 000 34, 557, 775 51 800 000 17, 727, 050 19, 601, 070 286 134, 535, 895 New York New York City Albany Brooklyn New Jersey Pennsylvania Philadelphia- . Pittsburg 52 48 6 5 30 63 42 25 Division No. 2 14, 049,400 50,711,970 1, 550, 000 1, 352, 000 8, 760, 000 17, 320, 000 22, 738, 395 10, 800, 000 271 127, 281, 765 15 8 11 110 55 36 50 $5 700 000 1,700, 000 3,450, 000 33, 870, 000 53 100 (J00 17, 727, 050 19, 351, 070 14, 349, 400 49, 650, 000 1, 550, 000 1, 352, 000 8, 760,000 17,115, 020 22,315,000 10, 800, 000 1 270 125, 891, 420 1 Delaware Maryland Baltimore District of Columbia Washington Virginia West Virginia 4 3 22 1 11 8 4 1,113,185 651,700 13, 238, 965 252, 000 2, 475,000 2, 355, 300 806, 000 4 3 22 1 11 9 4 1,113,185 651, 700 13, 243, 260 252, 000 2, 475, 000 2,515,300 806,000 Division No. 3 53 20,892,150 54 21,056, 445 5 North Carolina South Carolina Georgia Florida .. Alabama Mississippi Louisiana New Orleans Texas Arkansas Kentucky Louisville Tennessee - . .... Division No. 4 Ohio Cincinnati Cleveland Indiana Illinois ChicRiro Michigan Detroit Wisconsin Milwaukee Division No. 5 Iowa Des Moines Minnesota St Paul Minneapolis Missouri St Louis Kansas Citv St Joseph Kansas Nebraska Omaha i Division No. 6 No. $] 300 000 1 1, 300, 000 1 Capital. $687, 775 250, 000 285 134,898,120 53 48 6 5 30 63 40 25 Decrease. 937, 775 300, 00Q 1, 061, 970 ; 2 204, 980 423, 395 300, 000 2 1, 690. 345 1 250, 500 2 500,000 4, 295 1 160, 000 1 164, 295 6 3 9 1, 350, 500 650,000 2, 577, 350 3 9 1,100, 000 650,000 2, 600, 000 9 2, 675, 000 7 2,175, 000 10 28 3 23 10 15 200, 000 3, 625,000 11,160, 000 1,000, 000 5, 825, 000 4, 901,500 7,475,000 10 29 3 23 10 13 200, 000 3, 625, 000 11, 210, 000 1, 000, 000 5, 825, 000 4,901,500 6, 975, 000 117 41,439, 350 113 40, 261, 500 46 13 10 20 18 21 12 8 6 3 12,244,000 9,100,000 8 050 000 5, 330, 000 3, 975, 000 20, 600, 000 3, 900, 600 4.400, 000 1,450, 000 850,000 45 13 10 23 20 23 11 8 12, 326, 700 9,100,000 8 050 000 6,150,000 4, 375, 000 22, 900. 000 3, 715,000 4, 400, 000 1, 610, 000 850, 000 157 69, 899, 600 163 73,476, 700 9 2 5 6 4 9 11 3 9 5 8 3,100, 000 500, 000 2 375 000 4, 800. 000 4, 840, 000 850, 000 10 650 000 7, 800, 000 1, 900, 000 3, 400, 000 1, 210, 000 3,900,000 10 2 7 5 7 4 9 10 3 8 6 9 3, 700, 000 500,000 2 375 000 4, 800,000 4, 931. 000 850, 000 10 700 000 6, 800, 000 1, 900, 000 2, 950, 000 1, 550, 000 4,150, 000 1 1 340,000 250, 000 78 45, 325,000 8t) 45, 206,000 4 1,331, 000 22,650 1 50, 000 2 500,000 1 72, 650 5 1,250, 500 82, 700 1 3 2 820,000 400. 000 2, 300, 000 1 160, 000 8 3, 702, 700 1. 600, 000 1 91,000 9 1 185,600 2 185,600 1 1,000, 000 1 450,000 2 1,450, 000 50 000 REPORT OP THE COMPTROLLER OF THE CURRENCY. 151 TABLE, BY STATES, TERRITORIES, AND RESERVE CITIES, EXHIBITING THE NUMBER OF BANKS IN EACH, WITH CAPITAL EXCEEDING $150,000, ETC.—Continued. Increase. !September25,1891. September 30,1892. States. Territories, and re- j serve cities. Capital. No. Capital. No. Capital. No. Colorado Nevada California San Francisco Oregon Arizona Division No. 7 North Dakota South Dakota Idaho JSklontana New ^Mexico Utah Washington Wyoming Oklahoma Indian Territory Division No. 8 United States 14 $6, 300,000 1 200, 000 12 3, 800, 000 2 2, 500, 000 5 2, 200, 000 15 1 12 2 5 $6, 550. 200, 3, 600, 2, 500, 1, 700, 34 000 000 000 000 000 1 $200, 000 500, 000 15, 000, 000 .. 250, 000 200,000 35 14, 550, 000 1 250,000 2 450, 000 200, 000 1 200, 000 8 1 6 11 2 2, 750, 000 175,000 2,150, 000 2, 852,100 550, 000 8 2, 750, 000 175,000 2,150, 000 4, 050, 000 400,000 5 1,197, 900 30 8,927,100 700,000 150, 000 10,175, 000 6 1, 397, 900 1,026 463,300,860 1,036 465, 515,185 22 8, 578, 545 36 Capital. $250, 000 1 1 6 16 Decrease. No. 150,000 12 6, 364, 220 152 REPORT OF THE COMPTROLLER OF THE CURRENCY. CLASSIFICATION" OF THE LOANS AND DISCOUNTS OF THE NATIONAL BANKS IN THE RESERVE C m US AND IN THE STATES AND TERRITORIES ON SEPTEMBER 30, 1892. On de- | On dese-1 On time, mand, pa- mand, cured by paper with . of per with two or more stocks, banks. one or bonds, and individual more or firm other colnames. names. laterals. Cities, States, and Territories. $4,931, 784 $117,751,227 $117. 796. i 7 "" '" ~ 617, 396 40, 307.: \. 722, 783] 16,137, 362 9, 344, 428 20 190, 351.! 74,444, 490, 954 791. 074J 3, 967, 395| 463, 95, 925 905, 39a 4, 355, 505| 586, 1,048, 579 20, 458, 864 38, 264, 726! 22, 729, 1 018, 801 547, 561 23, 747, 799! 2,022, 1 464, 932 502, 301 14,106, M54I 7, 035, 165,125 944, 039 5, 056, 366,699 151,581 5,618. 75,442 142, 302 5, 875, 630, 678 183, 837 13, 648, 925,906 101, ' " " 14,062, 552, 8r " 914, 487 11, 430, 524,198 711,417 3, 078, 121,114 40, 485 1, 512, 303, 527 508, 815 5, 667,: 970,220 672, 758 6,164, 913. 621 993, 405 5, 769, 473, 859 195, 227 2,471. 601, 297 546,808 5, 233, 762, 300 963,296 852, New York City . . . . Chicago St. Louis Boston Albany Brooklyn Philadelphia Pittsburg Baltimore Washington New Orleans Louisville Cincinnati Cleveland Detroit Milwaukee Des Moines St. P a u l Minneapolis K a n s a s City : St. Joseph Omaha San Francisco. 343 41, 714, 943 217,557, 297 Total of cities. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut New York New J ersey Pennsylvania. Delaware Maryland District of Columbia . . Virginia W e s t Virginia N o r t h Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee Ohio Indiana Illinois. Michigan Wisconsin Iowa Minnesota Missouri Kansas Nebraska Colorado Nevada California Oregon Arizona North Dakota i South Dakota Idaho Montana New Mexico Utah Washington Wyoming Oklahoma Indian Territory On time, singlename paper without other security. .. Digitized for^ FRASER Totalofcountrybanks http://fraser.stlouisfed.org/ United States Federal Reserve Bank of St. Louis 81 54 49 213 59 84 266 98 307 18 43 1 36 28 23 14 904,453 1,634,469 1,202, 222 3, 739, 793 626,562 1, 430,162 4, 745, 646 1,181, 745 1, 797, 865 112, 948 554, 627 500 513, 505 84, 842 105, 737 74, 650 329, 35:: 18 132,10L 29 399,589 13 99,440 79,116 11 223 1, 932,839 201, 777 10 72 1,112, 289 55 1,341,362 216 3, 602, 533 106 2,150, 365 188 5, 351, 356, 96 1,177, 922 981,626 74 157 1, 977,292 59 1, 210, 619 189, 746 57 480, 782 142 128 1,040, 709 53 2, 218, 396 439,587 34 3, 341, 933 41 1,628,780 41, 049 33 96, 897 40 198,970 1 193, 821 34 1,167, 942 11 172,839 429, 981 I70 1, 719, 758 53.183 13 4 6 1, 693 977, 071 1, 471,177 537,147 8, 361, 207 1, 604,217 3, 521, 963 4, 299, 365 6, 961. 583 2, 293, 029 533, 367 244, 486 97, 068 1,430, 653 53, 828 164,157 364, 038 993,337 31, 091 504, 376 161, 319 119, 528 1,120,835 238,196 453, 430 2, 273,187 2, 400, 967 934, 951 2, 421, 095 1,190, 789 994, 334 1, 092, 737 755, 396 154,399 319.454 553, 669 883, 603 65, 575 2,335, 668 479.455 18,089 141, 703 332, 008' 67, 050J 128, 534 52,624J 336,119 1, 276, 217 26, 901 . 54, 205, 372 55, 770, 992 On time, secured by stocks, bonds, etc., or by real Total. estate. i, 573, 000 $344,199,941 , 006, 801 103, 913, 024 i, 192, 840 32, 877, 372 !, 392, 759 153, 898, 706 ., 007, 0681 8, 720,152 ., 570, 501j 10, 514, 026 !, 350, 413 104, 852, 519 ',661,8141 39,997,992 >, 403, 5121 33,112,669 668, 757! 7, 899, 25] t, 076, 796 14, 057,210 t, 796, 3921 12, 256, 439 [, 194, 767 30, 485, 890 5,550," 518! 23, 645, 265 ., 608, 386; 18,139, 753 .. 160, 278| 6,125, 908 2, 732, 049 514.737 15, 942, 863 !, 041, 674 12, 912, 537 ., 809, 520 18, 084, 361 ', 225,152 ., 113, 631 5, 672, 422 !, 826, 899 11, 760, 954 122, 757 5, 927, 720 419, 569,801149, 018,010189,868,972 1,017,729, 023 847,969 2, 445, 253 21, 669, 901 681,667 1,709, 884 11,768, 453 1, 003, 523 1, 607, 905 14,184,471 22,478,144 14, 629, 670 111, 948, 688 8,591,23! 6, 853, 760! 37,107,951 9, 317, 760 6, 788,183( 50,225, 567 10, 828,176 8,124, 693! 105, 576,325 4, 802,145 4, 308, 807| 52, 530, 005 11, 561, 777 12, 265, 666 110, 327, 011 5, 749, 327 560,623 228,,590 10, 313, 514 983, 938 683, 971 664, 372 200. 659 16, 621, 575 2, 924,106 7, 216,138 452,261 5,979, 717 906, 996 5,773, 996 2, 404,136 2, 957, 247 10, 274, 816 4,160, 299 696, 529 7.637,157 2,141, 728 2, 634, 232 2, 033, 770 406,097 48,760,253 13,347,423 3, 332, 784 748. 433 21, 028, 742 3,300,999 4, 615, 022 23, 111, 843 8, 941, 571 71, 703, 656 4, 536, 033 37, 213,414 7,710, 955 54,937,307 34,075, 898 3,481,115 3, 028, 805 24, 478, 866 6, 849, 839 38, 076, 469 3, 708,104 18, 417, 714 1, 687, 253 9,711,468 8, 982,542 23, 045,177 5, 851,421 23, 051, 205 5, 776,931 27,500,121 39, 916 720,091 2,410, 229 12, 747, 945 1, 650, 320 11,493,241 411,615 82,118 6, 967, 069 4, 597, 377 2,733,962 5.525,158 281, 869 1, 695, 061 2, 230, 207 15,546, 316 2,142,136 374, 648 1,416, 073 5,102. 541 3, 460,576 16, 959; 119 785, 017 2, 840, 012 321, 977 116, 294 461, 323 101,564 677, 626. 891171, 265,156 176, 901, 395 1,135, 769, 806 95,920, 315 273, 328. 289(1, 097,196, 692(320, 283,166 366, 770, 367 2,153, 498, 829 REPORT OF THE COMPTROLLER OF THE CURRENCY. 153 TABLE, BY STATES, ^TERRITORIES, AND RESERVE CITIES, EXHIBITING THE AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD BY THE NATIONAL BANKS ON OCTOBER 4, 1888, SEPTEMBER 30, 1889, OCTOBER 2, 1890, SEPTEMBER 25; 1891, AND SEPTEMREJR 30, 1892. OCTOBER 4, Gold coin. States, etc. 1888. Silver coin. Gold Gold Silver clearingTreasTreasury cer- house ceru r y certificates. tificates. Dollars. Fractional. tificates, j $(508,811.76 $8,400!. 272,931.70 7,780,. 324, 242. 49 7, 600!. 2, 075.139.18 239. 520]. 3, 995, 172. 09 6,619,800' 67, 670!. 399, 803. 35 182,770i. 1, 288,182.11 Maine New Hampshire Vermont Massachusetts Boston Rhode Island Connecticut $36, 088 $28,894. 91 71,483 28, 661, 80 40, 823 28, 023. 36 315,188 200, 543.74 108, 687 81,047. 76 59, 372 44, 740. m 134,863 103, 636. 67 $35,303 $717,497. 67 16,432 397, 288. 50 5,045 405, 733. 85 140,162 2, 970, 552. 92 693,321 11,498,027.85 87,102 658, 748. 04 86,480 1,795, 931,78 766, 504 515, 548. 93 1, 063, 845| 18, 443, 780. 61 Division No. 1 -.; 8, 964, 342. 68 7.133, 540; New York 3. 48!) 057. 48 I '21fi,790 ' New York Cits ., 7,13S. G(i9. 50 04, 305 120 ! Albany - - - -' 402 9(50. 5()i 535, 700 New Jers( : y i 1, 091 490. f>')| 309 470 ! Pennsylvania 3.748.764.42 284,U>0 Philadelphia ! 2.2(54.915 00. 172. 450 $8. S90. (K)0 Pittslmvn ' 2. 130, S5S. 7o| S23.100 1 385,126 362,213 18, 500 194, 805 541,141 346,946 154,299 255, 317; 5, 612, 603. 78 266, 313. 30 219, 845. 64 1, 771, 348j 73, 797,196.14 14,000! 979.331.50 8,171. 00 171, 323; 1, 875, 037. 60 107, 949. 01 191,152| 5, 016, 656. 83 251,439. 4ll 548,152! 12, 391, 700.19 169,237.19 94, 708! 3, 240, 969. 23 38, 003.53 Division No. 2 . . 20, 206, 716.19J67, 64(5, 790| 8, 890, 000j2, 003, C 131, 453.50) Delaware 322. 302.12 Maryland 1,385,293.50 Baltimore 96, 471. 00 District of Columbia.. 201,783.00 Washington 394. 598. 00 Virginia . . 225,096.13 W e s t Virginia Total. 3, 046, 000 102, 913, 495 22,640, 44.180| 468,680! 116,500; 531,040; 9,4801 10, 400; 37, 894 65,154 249,872 6,980 192,624, 84, 470! 8, 309' 268,188 536, 499 2, 244,840 229, 271 953,586 618,431 272, 925 10 8, 562 116, 619 1,385 45, 293 40,185 76, 736 505, 643; 218, 363! 40, 210| 36, 895! 1, 400| 72, 270 228, 200, 531, 107, 437, 149, 136, 933, 1, 305, 120, 550, 342, 836, Division No. 3 . . ! 2, 756. 997. 25 1. 202. 920 1(50. 598. 00' 160. 108. \M. 00; 144. 273. 39.353.00 306. 792. 00, (54, S*!9. 5()j 12, 480. 00: 123. 4 '2. 00! 4Sl.531.20i 33. 175. 00, 389. 062. 301 290, 718. 00| 392,423. 00 \ 420 55.500 3. 5S0 19.520 4. 000 4. 500, 127, 9201 139,590. 14,270 41,390' 1,500 117.100 Division No. 4 . . 2, 547, 730. 09i 529.290 N o r t h Carolina South Carolina Georgia Florida Alabama Mississippi - Louisiana N e w Orleans Texas Arkansas Kentucky LouisvilleTennessee Ohio Cincftmati Cleveland Indiana Illinois Chicago Michigan Detroit "Wisconsin Milwaukee Division No Iowa Minnesota Missouri St. L o u i s K a n s a s City St. J o s e p h . " Kansas N ebraska Omaha Division No. 6 ! j j -! j i I - 2,422.423.80 146,640! 3(59, 997. 50' 271. 000j 729 789. 50 1 SO 000. 1, 729. 01!. (52 113, 250, 1,972.502 50 198 02O1 9 757,1 OS 50 2, 426. 750, 1, 154. 512. 93 21). 3 K) ' 972. 17J. 50 5 9(50 ' 785 011. S7' 12 300 455. 377. 00 loo 000 . 20. 347, 939. 72 ',{, 484, 160 1.240,734 5Si 1,791.471 24, 220 (567. 00: 487.21'). 00, 52.50, 1,0 889. 740. 00' 967.519.80 595. 725. 45, 881,497.101 75 (WO 5 SSO 9 000 :r>5 ooo 251 200 50. 260 '1\ 2(50 11. OOO 32 950 7, 332, 326. 67 820,1901 50, 873j 63,841 ' 191,526 i 46, 4(58 17, 418.10 19, 142. 05 005. 03 552. 39 180. 36 503. 65 668. 05 523. 85 749. 95 572.10 984. 33 022. 75 858. 85 1,346,531 i 292,133 116, 657. ] 00, 552 11, 671. 75 39,132 14, 904. 91 205,120 62, 733. 89 247,130 104, 820. 92 215. 851 254, 807.10 135 933 45, 064. 67 45.385 53,500.36 93. 807 46, 524. 54 20,233 9, 040. 00 1 176.2 265.136) 34,539 20. 000 72. 817' 4, 378; 134,328 69.250' 67. 536: 74, 774. 07| 91, 569. 40) 8. 621. 51{ 7, 878. 001 38, 738. 971 3, 668. 70 48, 451.10 22. 980. 85 28, 685.12 58, 790 12,160 8,587 92, 400 87,120 26, 327 63, 947 32, 582 11. 540 154 REPORT OF THE COMPTROLLER OF THE CURRENCY. AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD, BY THE NATIONAL BANKS, ETC.—Continued. OCTOBER 4, 1888—Continued. States, etc. Colorado Nevada California San Francisco Oregon Arizona Total. u r y c er - j h o u s e c ertiflcates. tificates. Dollars. Fractional. $1, 334,134.65 46, 727. 50 2, 286,137. 90 928,622.50 875, 572. 50 14,010. 00 $11,698 $1 455, 536. 21 55, 546. 59 285 52,220, 2 616, 790.98 142,170. 82 20, 843' 940, 619.30 15, 947.10 Division No. Dakota 17,240 1, 630 40,600 1, 000 55, 500 10,700 660 Idaho . . . Montana N e w Mexico Utah Washington Wyoming 50,879 6,762 48, 589 ,557 6,213 42, 344 4,927 21,154. 90 1, 217.35 11, 744. 00 4,522. 35 5, 597.45 7, 804.29 4, 804. 40 Division N o . „, 4961 6,117! 32, 224' 2,100 5,009 ,895 792 64,933 United States .. 470, 615.00 117, 510.85 870, 407. 00 124,448.85 396,127. 75 749, 740. 99 210,176. 00 2,939,026.44 7, 298, 298 177,987, 816. 64 S E P T E M B E R 30, 1889. Maine N e w Hampshire Vermont Massachusetts Boston Rhode Island Connecticut $611,151.51 $4,830. 276, 224.05 5,300 . 317, 710.80 10, 210 . 2, 201, 966.47 294, 200 . 4,457, 576.00 5, 369, 820 . 421, 327. 25 89,5601. 1,305, 898.51 262, 820,. $39, 928 $36,167. 51 56, 872 37, 729. 89 25,589 39, 073. 252,370 247, 212. 02 87, 897 86,117. 54 41, 795 71, 292. 71 91, 519 112, 373. 23 Division No. 1.. 9, 591, 854. 59 6,036,740k $40, 036 $732,113.02 25, 014 401,139. 94 12, 650 405, 233.49 250,783 3, 246, 531.49 703, 018 10,704, 428. 54 76,139 700,113. 96 158,487 1,931, 097. 74 595, 970 629,966.59 1,266,127 18,120, 658.18 New York 3, 232, 797. 64 1,036,370 New York City .. 7, 096. 549. 50 48,I, 925, 260 329, 347. 70 450, 000 Albany 1, 071, 654. 42 189, 270, New Jersey 3,670,770.53 350,7401 Pennsylvania 1, 573, 046.00 467, 430 $7, 000. 000 Philadelphia 1, 743, 812 00 974,000 Pittsburg 253,903 220,699 17,160 104, 237 464, 605 217, 425 119, 502 267, 762. 70 362,524 255, 586.02 2,589, 798 21,482 6, 047.00 172, 035. 35 267, 083.43 389,397 182, 861. 02 757, 031 52, 607.95 179, 576 5,153,357. 34 59, 087, 892. 52 824, 036. 70 1, 834,176. 77 5,142, 595.96 10,197, 793. 02 3, 069, 497. 95 Division No. 2.. 18, 717, 977.79 52, 393, 070| 7, 000, 000 1, 397,5311, 203, 983.47 4,596, 788 85, 309,350.26 Delaware 138, 871.00 11,890 301, 597. 97 50,670 Maryland Baltimore 1, 024, 545.50 1, 343, 040 District of Columbia. 98, 840. 50 90, 000 Washington 108, 076. 00 601,020 8,730 Virginia 311. 021. 50 216,166. 68 13,800 West Virginia Division No. 3.. 2,199,119.15 2,119,150 North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana New Orleans Texas Arkansas Kentucky Louisville Tennessee Division No. 4. 155, 029. 76 95,171.00 215, 454. 38 46, 536. 90 163,60L 50 33, 641. 50 15, 267. 50 68, 241.00 472, 210. 55 34,144. 50 444, 211.50 330, 711. 50 454,167. 50 2,528, 389. C 225, 000 225,000 22,915.64 41, 876. 02 42, 230.88 1, 481.25 19, 582. 00 35, 629. 83 11, 744.25 286,951. 64 71,120 512, 597.99 77.104 287,840 2, 977,050. 38 203, 995.75 9,891 941, 536. 00 201, 611 519, 992. 33 84,927 271,344.93 15, 856 246, 391 175, 459.87 748, 349 5, 713, 469. 02 42,155 41,350 54,394 3,783 11, 247 79, 684 13,778 570 21, 1, 13, 1, 8, 58, 71, 12, 41, 63, 118, 412, 680!. 277. 85 430. 90 717.19 812. 60 782.05 504.65 461. 85 162.15 226. 50 660.15 273. 21 917.40 735.37 935, 526 347, 298. 781, 254,068 5,477, 961. 87 REPORT OF THE COMPTROLLER OF THE CURRENCY. AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD BY THE 155 NATIONAL BANKS, ETC.—Continued. SEPTEMBER 30, 1889—Continued. Gold coin. States, etc. Gold Treasury certificates. Silver Gold Silver coin. Treas3learingu r y cer[Ouse certificates. Dollars. •Fractional. tificates. $254, 526 $151, 936. 95 50, 708 17, 977.40 31,729 6, 834. 97 151,382 99, 572. 80 211, 287 144, 057. 64 221, 473 135, 375.19 118, 554 73, 262. 97 50, 497 54,499. 05 60,886 49, 836. 25 12,169 7, 820. 00 !2, 425, 974. 67 $109,300 312, 000 317, 739. 00 240, 000 631, 680. 00 256, 750 1, 680, 614. 69 190,390 1, 837, 607. 81 1, 594. 795. 00 2, 622, 000 39, 240 1, 082, 062. 69 57, 37C 995, 425. 50 11. 880 332.15 806, 120,00C 602, 185. 00 Ohio Cincinnati Cleveland Indiana Illinois Chicago Michigan Detroit Wisconsin Milwaukee Division No. 5 . . 21, 974, 416. 51 3, 958, 930 Iowa Minnesota Missouri St. Louis K a n s a s City St. J o s e p h Kansas Nebraska Omaha Division No. 6 Colorado ' Nevada California San F r a n c i s c o . . Oregon Arizona Division No. 7 . Dakota Idaho Montana New Mexico Utah Washington Wyoming Division No. 8 Total. $76, 972 $3, 018, 709. 62 292,400 990, 824.40 25, 000 935, 243. 97 84, 679 2, 272, 998.49 98,129 2, 481, 471.45 769,150 15, 342, 793.19 34, 00; 1, 347, 124. 66 61, 423 1, 219, 714. 55 22, 825 951, 759.40 6,700 748, 874. 00 J ] , 163, 211 j 741,673.22 1, 471, 283 29,309, 513. 73 902, 414.10 1, 752. 621. 30 251, 010. 20 1, 061,101. 00 1, 284, 739. 50 148,987.50 849, 880. 59 546, 096.15 950, 567. 35 56,120 7, 31C 10,290 395, 00C 130,540 80, 460 26,150 13, 730 15. 600 145, 479 199, 643 40, 955 25, 200 80, 227 14, 458J 134, 444 57, 780 86, 172 82, 674. 61 113, 786. 93 22, 257. 64 15, 032. 60 40, 736. 45 5, 989. 63, 584.90 33, 492. 3S 32, 387. 98 58,976 25, 662 31, 096 81,000 162,110 66, 967 85, 027 57, 859 22, 946 7, 747, 417. 66 735, 200 784, 358 409, 943. 02 591, 64c 10, 268, 561. 68 1, 738, 927. 52 38, 590. 00 2,118, 974. 50 824, 265. 00 984, 984. 50 16, 005. 00 28, 79C 5C 24, 550 140,410 1, 390 $110.000 40, 000 76, 934 804 141, 314 7,500 19,. 142 43, 207. 80 3, 713. 65 52,423. 33 4, 800. 00 24,138. 23 1,076. 70 27, 495 140 21, 29 2,50C 18, 08C 1,915, 354. 32 43, 297. 65 2,468, 552. 83 1, 019,475. 00 1, 048,460. 73 17,223.70 5, 721, 746. 52 195,19C 150, 000 246, 562 129, 359. 71 69, 506 6, 512, 364.23 348, 812.10 109, 630. 00 614, 095. 00 147,122. 5i 457, 235. 53 1, 248. 730. 0i 194, 983. 50 16, 56C 7,000 42, 05C 26, 778 9, 220 47,285 13, 062 19, 003 51, 079 7, 030 20, 238.46 3, 663.48 24, 684. 20 5, 790. 55 8, 217. 65 22,159. 50 6, 462. 40 22, i 6,689 14,905 725 8,353 12, 903 2,915 435,196. 56 136, 202.48 743, 019. 20 166, 700.05 569, 799.18 1, 352, 061. 50 211, 590.90 3,120, 608. d's\ 159, 99C 173,457 91, 216. 24 19, 298 3,614,569.87 17,1 2 1,245, 663. 75 2, 099, 023. 23 355, 608. 84 1, 577, 333. 60 1, 698, 352. 95 316, 862. 05 1,159, 086.49 708, 957.47 1,107, 673.30 71, 601, 529. 94 66, 010, 95C 7, 375, 000:5, 543, 006 3, 728, 900.90 10, 067, 062 164, 326,448. 84 United States i 1 O C T O B E R 2, 1890. $41, 820 $602, 874. 89 4,150 268, 771. 25 12,120 316, 702.85 330,130 2, 306, 246. 38 3, 651, 524. 50 6, 538, 790 156, 540 403, 039.36 288,270 1, 384, 923. 24 Maine New Hampshire Vermont Massachusetts Boston Rhode Island Connecticut Division No. 1.. 8, 934, 082.4' New York New York City Albany Brooklyn New Jersey Pennsylvania Philadelphia Pittsburg I I S yj.Vit.UJLi* . . . . . . . . <-», 7, 371, 820 630,170 3, 060, 378. 34 8, 631, 003. 00 55, 551, 590 511,000 415,144. 50 584, 200 132, 848. 00 256, 520 1,167, 601. 91 402, 830 3, 929, 012.10 1, 731, 829. 50 3,150, 210 $3,150, 000 906, 380 1, 738, 876. 50 « 7 i i « 7 , \Jj.ij. J-V $48, 56. 30, 293, 80, 36, 104, 059 098 081 386 266 931 210 649, 031 , 267, 232 15, 435 13, 333 155, 844 491, 700 316, 751 187, 768 $39,218.33 49,127. 21 37, 316. 78 252,934. 59 92, 004. 01 80, 276. 60 117, 233. 67 8, 111. 19 1, 942, 261 19, 565, 305. 66 276,835. 54 255, 873 4, 510, 675. 88 328, 370. 03 3, 681, 74F 78, 459, 940. 03 16,792 8, 554. 75 966, 921. 25 180, 871 944, 035. 20 32, 783. 20 444, 643 2, 208, 314. 58 183, 705.67 480, 232 5, 617, 917. 28 314,143.18 923, 777 9, 553, 729. 81 281,162. 31 314, 846 3, 218, 761. 65 70, 891.15 Division No. 2. 20, 806, 693. 85 71, 992, 900 3,150, 000 1,735,477 1,496, 445. 83 $67,884 $799, 856. 22 55, 647 433, 793.46 28, 414 424, 634. 63 369,949 3, 552, 645. 97 996, 026 11, 358, 610. 51 140, 846 817, 632. 96 283, 495 2,178,131.91 '8, 779 105, 480, 295. 68 156 REPORT OF THE COMPTROLLER OF THE CURRENCY. AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD BY THE NATIONAL BANKS, ETC.—Continued. OCTOBER States, etc. Delaware Maryland Baltimore District of Columbia . Washington Virginia West Virginia Gold coin. 2, 1890—Continued Gold Gold Silver coin. Silver Treas- clearing" Treasury cer- house cer u r y certificates. tificates. Dollars. Fractional. tificates. $156, 931.14 $7, 000 294, 910. 81 67,450 457,112. 50 2, 260,200 103, 923.50 110, 000 108, 436. 50 1,131, 890 369, 895. 00 47, 680 257,912.28 14,850 $30, 291 $25, 558.11 51,340 48, 257.85 75,102 50,451. 38 7,287 5, 485. 75 7, 863 42,164. 55 74, 555 35, 531. 80 24,910 20,057.17 Division No. 3.. 1, 749,121.73 3, 639, 070 271, 348 560 2,080 73, 660 $85, 829 110,370 381,720 13,792 297, 724 129,120 21, 340 Total. $305, 609.25 572,328.66 3, 224, 585. 88 240, 488. 25 1, 588, 078.05 656, 781. 80 339, 069.45 227, 506. 61 1,039, 895 • 6,926,941.34 184, 338. 30 223, 350. 35 422, 448. 69 29, 654. 65 289, 812. 00 39,719. 00 7, 530. 00 154, 462. 50 737, 805.15 30, 010. 00 548, 288. 80 218, 568.00 422,654. 50 20, 820 2,700 15, 740 301, 500 194, 410 15, 830 44, 400 34, 600 109,880 27, 627 57, 233 123, 653 71,554 95, 971 34,836 25, 520 56, 915 352, 724 31, 451 76, 660 26, 548 201,882 Division No. 4.. 3, 308, 641. 94 816,180 1,182, 574 390, 836.02 1, 289, 857 6, 988, 088.96 2, 420, 812. 37 103, 810 275, 719. 60 475, 000 786. 965. 50 177,000 1,932. 387. 58 145,490 1, 807,274. 55 237, 250 10, 849, 786. 50 5, 215, 400 1,158, 699. 04 59,250 822, 327. 50 116, 580 896,186. 70 39, 840 617, 000. 00 225, 000 304, 698 69,236 25,466 214, 933 222, 857 197,478 117, 510 40, 353 71,724 21,948 150, 806. 22 125,131 3,105, 257. 59 27, 373. 89 172,950 1, 020, 279.49 15, 010.25 22, 032 1, 026,473. 75 111, 890. 35 175, 912 2,580,612.93 143, 473. 63 , 148,488 2, 559, 343.18 216,478. 72 527, 516 17, 006, 659. 22 85, 285. 85 66, 559 1, 487, 303. 89 46, 908. 05 49, 720 1, 075, 888. 55 60, 399. 08 52,137 1,120, 286. 78 7,820. 00 7,891 879, 659.00 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 Division No. 5.. 21, 567,159. 34 6, 794, 620 Iowa Minnesota St. Paul Minneapolis Missouri St. Louis Kansas City St. Joseph Kansas Nebraska Omaha 1,192, 871.10 67,350 651, 600.70 4,840 1, 017, 869. 45 739,050. 25 30, 000 257, 992. 50 11,120 497, 523. 50 1, 848, 790 886, 925.00 152,430 162,267. 50 71, 260 856,101. 30 97, 500 636, 827. 75 24,170 1, 811,377. 50 36, 390 Division No. 6.. 8, 710, 406. 55 2, 343, 850 Colorado Nevada . • California San Francisco Ore°"on Arizona 23,101.20 24,123. 73 32, 397.10 18, 243. 98 23,156.55 19. 943.15 13, 295. 45 34, 445. 98 84, 456.12 17, 965. 99 33, 482. 20 10, 348. 05 55, 865. 52 8,172 243, 798. 50 13, 486 320, 273. OS 123, 989 776,147. 79 4.635 124, 087.63 65, 369 495,128. 55 30,054 127, 252.15 53, 915 116, 000.45 424,191 971, 514. 48 355, 980 1, 725, 375. 27 36, 519 131, 786. 99 41, 829 744, 660. 00 32, 296 322, 360. 05 99.422 889, 704. 02 1, 286, 203 865, 446.04 1, 348,336 31, 861, 764. 38 193, 018 47, 698 104, 950 46, 002 57, 679 27, 221 123, 995 12,168 150,993 72, 475 88, 490 90, 547. 24 34, 221.15 65,461.05 25,192. 00 23, 049. 05 14,413.14 33, 585.12 7, 222. 05 67, 525. 70 44, 779 37 24,460. 70 117, 644 27, 443 118,105 11, 200 40,972 672, 484 170, 276 44,439 107, 719 73, 640 37, 506 1, 661, 430. 34 765, 802. 85 1, 306, 385. 50 851, 444. 25 390, 812. 55 3, 060, 431. 64 1, 367, 211.12 297, 356. 55 1, 279, 839. 00 851,892.12 1, 998, 224. 20 924, 689 430,456. 57 1,421, 428 13, 830, 830.12 1, 920, 630. 91 40, 932. 50 1,800, 211. 50 843, 042. 50 1, 301, 926. 50 49, 770.00 31, 550 220 57,140 2,000 2,270 340 92,634 3,787 $29, 000 100, 966 290, 000 11,000 17, 729 1,800 42,211. 00 4, 459. 20 50, 488. 30 5, 570. 00 20, 640. 20 1,113.70 Division No. 7.. 5, 956, 513.91 93, 520 319, 000 227,916 124, 482.40 94, 681 26,070 17,100 2.070 60, 320 13, 263 14,870 2,098 56.132 12, 265 20, 288 80, 906 9, 016 846 2,612 12, 77a 40 11, 517. 30 1, 341.25 34.918.99 6, 022. 60 13, 392. 31 30, 841.54 5, 327. 95 821.08 360.42 42,774 23, 047 3,801 30,487 257,164.30 253, 474. 20 107, 573.65 850, 766. 04 232, 505.10 48, 739 645,634. 81 31, 682 1,826, 523. 34 5, 251 239,879. 95 4,545 17, 847. 08 3,721 8,150.92 212, 296 117, 322. 84 194, 047 4,439, 519. 39 North Dakota South* Dakota Idaho Montana New Mexico Utah Washington Wyoming Oklahoma Indian Territory 162, 277. 90 186,939.90 98,263.40 668,908. 05 214 217 50 444,215.50 1. 626,303. 80 218,145.00 11,485. 00 1,457. 50 Division No. 8.. 3,632, 213.55 119, 000 56, 790 2,140 T5Q 283,640 40,113 2,127,138.91 218 49, 616. 70 28, 831 2, 066, 636. 80 8,000 '1,159, 612. 50 16,999 1, 359, 564. 70 520 53, 543. 70 6, 816,113. 31 United States.. 74,664, 833. 34 93, 335, 600 3, 469, 000 6, 489, 534 4,320, 607. 5013,629,284 195,908,858.84 REPORT OF THE COMPTROLLER OF THE CURRENCY. 157 AMOUNT OF EACH KIND OF COIX AND COIN CERTIFICATE HELD BY THE NATIONAL BANKS, ETC.—Continued. SEPTEMBER 25, 1801. States, etc. Maine New Hampshire Vermont Massachusetts Boston Bhode Island Connecticut Gold coin. Gold Gold Silver coin. Silver Treas- clearingTreasury cer- house cer-! u r y certificates. tificates. ' Dollars. Fractional. tificates. $686, 071. 30 $48,770 274,384.50 25,790 334, 232. 20 18,110 2, 451, 009. 49 268, 250 3,414,499. 35 3, 835,130 Total. 210,670 351, 440 $37,428 57,414 30,175 230, 782 63, 776 41, 332 77, 653 $40, 981.04 $90, 391 43,181, 41 71, 550 48, 748. 68 45,545 273,482. 61 490,108 131, 608. 95 1, 481, 759| 83, 205. 28 187, 918 123, 855. 48 313, 274J Division No. 1.. 9,106,473.64 4,758,160 538, 560 745, 063.45 2, 680, 545| 17,828, 802. 09 419,431.90 1, 520, 844. 90 New York 3, 226,137. 64j 665, 770 New York City .. 9,845,117.00 37,523,360 Albany 348, 577. 00 j 454, 000 Brooklyn 126.711.501- 392,000 1, 253, 470. 56 302, 290 New Jersey 4, 307, 482. 36! 487, 960 Pennsylvania Philadelphia 1, 872, 449. 001 1, 740, 720 $6, 675, 000 Pittsburg 2, 203, 511. 50i 515, 580 $903,641. 34 472, 319.91 476, 810.88 3, 713, 632.10 8, 926, 773. 30 942, 557.18 2, 393, 067. 38 ^2876751^7887296710 5, 871, 631 19, 91ll 271, 562| 528, 855! 686, 739i 1, 651,178 237, 345 53, 796, 891.49 852, 291.50 835, 997. 03 2, 431, 017. 82 6, 317, 921. 82 12, 472, 766. 55 3,145, 557. 35 Division No. 2 . . 23,183, 462. 56 42, 081, 680 6, 675, 00l)i 1,483,118 1, 621, 583.10 9, 595, 896 84, 640, 739. Delaware Maryland Baltimore District of Columbia . Washington Virginia West Virginia 128, 212. 00 14,! 368, 635. 46 66, 550 596,612.50 1, 271, 650 117,559. 50 120,000 136, 071. 40 1, 234,180 535,150.34 59, 730 273, 611. 68 15, 340 Division No. 3 . . j 2,155, 852. 88 2, 782, 430 North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana New Orleans Texas Arkansas Kentucky Louisville Tennessee 266, 716. 86 66, 441.85 237,152. 62,301.40 221,738.50 53,490. 50 28, 499. 50 187, 836. 50 949, 942. 20 70, 445. 00 536,133.67 319, 407. 00 538, 586. 50 ID i v i s i o n N o . 4-.{ 3,538,692.28 Ohio . Cincinnati . Cleveland Indiana Illinois Chicago Michigan Detroit..... Wisconsin Milwaukee. 580, 690|. I 2,801,760.86 165,840! 353, 328. 50 747, 450 743, 412. 50 266, 000 2, 261, 623. 30 395, 930 2,423,284.75 407,290 13, 018,145. 501 5, 449, 500 1, 384, 866. 091 69, 700 725, 296. 00 38, 000 1, 284, 673.74 45, 300 170, 000 674, 530. 00 1, 308, 988. 24 112, 710. 00 735, 091.94 1, 714, 857. 97 616, 167. 50 304, 751. 00 1, 437, 512. 00 1, 038, 627. 50 195, 733. 50 1,115, 800. 05 771, 823. 90 1, 672, 940. 40 87,260 . 20, 300 14,000 Division N o . 6 . . 11, 025, 004. 00 1, 868, 030 31, 758.45 50, 316. 09 59, 786. 89 2,151. 75 22, 667. 30 67, 721. 30 24, 359. 81 302,183 258, 761. 59 1,441, 621 6, 940, 848.47 36, 255. 48 15, 090 364, 758. 34 33, 700. 25 153, 258.10 7,461 44, 567. 30 126, 984 517, 407.10 22, 598. 95 150, 864. 35 13, 571 24, 789.75 428, 612. 25 78,974 120,449. 45 9, 580. 95 32, 373 135,174. 00 18, 327. 50 45, 526 38, 571. 95 626, 495 1,186, 215. 45 102, 383. 91 491, 866 2, 019, 723.11 141, 061. 30 4, 942. 30 25, 341 756, 422. 53 63,370 37,181.86 408, 923. 35 10, 319. 35 14, 2001 981, 516. 81 83, 551 62,196. 31 4,420 500 18,880 2, 550 23, 400 3,540 4,040 258, 320 80, 460 17, 950 48, 990! 24, 800 92, 840 Division No. 5.. 25,670,921.24 7, 755, 0101Iowa Des Moines Minnesota St. Paul Minneapolis Missouri St. Louis Kansas City St. Joseph." Kansas Nebraska Omaha 36, 235 45, 342 84,218 2,735 17, 946 91, 024 24, 683 1,174, 786 445,415. 86 1, 624, 802| 7, 364, 386.14 "283^858 176, TlT 67,766 29,437. 74 34, 045 23. 507. 00 220,358 124, 001. 38 2 8 0 , 2 • • 187,171.87 222, 513 201, 863. 25 1, 127, 808 92, 223.39 33,017 37, 310. 00 87, 007 74, 814. 01 16, 230 12, 722.02 168,081 3, 595, 653. 94 470,212 1, 668,194. 24 28, 621 1, 095, 585. 50 219, 825 3, 221, 737. 68 3, 547,169. 62 249,155 250, 591 20,142, 612. 75 93, i71 1,767, 768. 48 928,420. 00 94, 797 61,831 1, 553, 625. 75 40, 754 914, 236. 02 1,372, 870 959,164.74 2,677, 038 38,435, 003. S 177, 690 18,404 54, 611 30, 906 53,091 62, 396 37,117 141, 931 21, 533 133, 377 78, 552 91, 303 1 900, 911 99, 872.20 9, 522.35 37, 661. 04 18, 063.95 23, 045. 65 35, 253.18 16, 771. 70 34,862. 35 10, 657. 20 63, 423. 52 45,625. 84 42, 766. 26 111. 529 50, 000 53, 304 227, 210 181,750 42,105 832, 430 264, 032 72, 751 134, 639 71, 496 52,193 1, 785, 339. 44 190, 6^6. 35 900, 967. 98 2, 005, 037.92 874, 054.15 457, 535.18 3, 736, 180. 70 1, 658, 092. 85 327, 754. 70 1, 492, 449. 57 994, 157. 74 1, 902, 702. 66 437, 525. 24 2, 093, 439 16, 324, 909. 24 158 REPORT OF THE COMPTROLLER OF THE CURRENCY. AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD BY THE NATIONAL BANKS ; ETC.—Continued. SEPTEMBER 25, 1891—Continued. States, etc. Gold coin. Gold Gold Silver Silver coin. Treas- clearingTreasury cer- house cerury certificates. tificates. Dollars. Fractional. tificates. Colorado Nevada California San F r a n c i s c o . . Oregon '. Arizona $1,886, 841.60 37, 210. 00 1, 701, 832. 50 1, 026, 225. 00 1, 409, 640. 97 36,130. 00 Division No. 7 6, 097, 880. 07 78, 840 185, 076. 175, 387. 128, 630. 738, 850. 145, 850. 526, 641. 1, 556,435. 217,156. 6, 385. 5, 647. 25, 800 19, 400 260 6% 200 N o r t h Dakota South Dakota Idaho Montana N e w Mexico Utah Washington Wyoming Oklahoma I n d i a n Territory . . . Division No. 8 United States 3,686,060.57 $52, 720! ""2i,"890 $35, 000 590, 000 4,230 625, 000 342,873 101,400 57, 580 .190 268,830| $2, 252, 792. 64 41, 275. 45 1,951,334.90 1, 655,425. 00 1,480, 276. 95 40,823. 85 187,939. 72 9, 396 7, 421,928. 79 11,882 "13/713T20 20, 557 10,172. 39 9,150 5, 211.75 48, 915 45, 281, 69 13,492 6, 343.15 40, 558 21, 825. 36 71, 538 53, 877.93 11, 355 5,883.65 709 101.25 277, 473. 92 265, 228. 89 157,137. 65 939, 936. 69 167, 726.15 709,140. 71 1, 775, 416. 53 241,051.65 7, 915. 25 17, 430.10 4, 558,457. 54 5,116 886. 60 41, 002 39, 712 13, 885 42, 690 2,041 18, 716 35, 985 6,467 720 5,780 233,272 163, 296.97 206, 998 1892. 7, 870 $743,629.39 34,330| 318,934.18 18, 490' 367,132.50 2, 705, 756.35 228, 090 3, 713, 614.00 4,990, 210 482, 412. 30 197, 120 1, 622,266.05 230,410 $43,077 65,434 32, 795 236, 327 63,391 29, 248 82, 265 $47,450.76 $101,324 $1,013, 351.15 48, 332.48 81,675 548,705. 66 48, 565.19 38, 643 505, 625. 69 296, 995. 63 589, 326 4, 056, 494. 98 128, 725. 55 1, 864, 358 10,760, 298. 55 95,906. 80 195,167 999, 854.10 148, 681. 97 334,144 2,417, 767.02 552, 537 814, 658.38 3,204, 637 20,302, 097.15 Division No. 1 . . 9,953,744.77 5, 776, 520L. New York New York City... Albany Brooklyn New Jersey Pennsylvania Philadelphia Pittslrarg $52, 516 280 19, 925 3,000 13,675 84,464, 347. 24|60,173, 670 7, 300, 000 6, 348, 573 4,¥l^75o767 20, 409, 735 183, 5157o75f91 SEPTEMBER 30, Maine New Hampshire Vermont Massachusetts Boston Hhode I s l a n d Connecticut $208, 684 $52, 031.04 1,770 2, 015.45 98,455 74, 232.40 13,000 23,200. 00 18,037 34, 693. 98 2,927 1,766.85 Total. 774.700; 3,475, 672. 12,146, 883. 00 44.-,618,480' 438, 000 312, 807. 50 462, 250! 130,174.50 332,690 1, 318, 017.17 4,407, 338.18 501, 920| 2,102,139.50 2,109, 380 $7, 730, 000 66i,600| 2, 682,329. 50 231,719 151,290 11, 683 17, 740 156,190 495, 726 313,277 135,889 304, 826.98 413, 385 467,497.07 5,183,921 10,161.45 29,422 46, 339. 99 250,547 186, 759.75 549,640 369,144.33 832, 631 287, 594. 54 2,079, 813 121,539. 35 488, 635 5,200, 303.01 62, 568,071.07 802,073. 95 907, 051. 49 2, 543, 296.92 6, 606, 759.51 14,622,204.04 4, 089, 992. 85 Division No. 2.. 26, 575,361.38 49, 899, 020 7, 730, 000 1,513,514 1,793,863.46 9, 827, 994 97, 339, 752. 84 Delaware Maryland Baltimore District of Columbia. Washington Virginia West Virginia 137, 330. 90 385,519.66 983,166. 00 83, 847. 00 243, 560.40 420, 718.40 292,404.53 Division No. 3. 2, 546,546.89 North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana New Orleans Texas Arkansas Kentucky Louisville Tennessee 241, 342. 00 91, 960.35 258, 390.94 58,459. 28 238, 697.00 102, 270. 80 42,275.50 133,561.00 1,224, 397.90 71,275. 00 483, 863. 25 462,426. 00 566,592. 50 Division No. 4.. 3,975,511.52 , 11, 580| 71, 320, 1,130,400 142, 000 1,098, 780 62, 000 26, 260 2, 542, 340 2,640 27, 300 1,540 44,800 2,970 6,040 373,090 146, 540 21,480 54,930 39,780 115,120 836,230... 26, 690 34, 845 67,828 3,995 17, 976 82, 215 37,112 41, 537. 95 45.902. 60 71, 094.10 3,144. 25 33, 284. 20 75, 014.08 28, 806. 55 335,271. 85 118,133 699,042. 26 161,455 941, 894 3,194, 382.10 281,498.25 48. 512 372, 710 1,766,310. 60 775, 260.48 135,313 474, 989. 08 90, 406 270, 661 298, 783. 73 1, 868, 423 7, 526,754.62 345, 606. 68 38,128. 68 10,364 53O32 35,852 252,858. 25 §6, 845 38,200. 90 79, 903.93 80,786 574, 755. 87 128,375 5,856 197, 515.43 105, 042 26, 618.15 39, 305.00 519, 403.00 88, 908 107,693 21,510 148, 068.45 10,744 10, 573.65 14, 020. 05 41, 580 140, 210. 55 36, 295 76, 557 52, 243.18 1,601,183 2,236, 634.18 486,916 119, 597. 23 558,565 2, 535, 016.13 41,506 184,805.55 39,572 10,972.55 85, 353 745,988. 79 81, 881 39, 961.54 27, 320 569,722. 63 29, 652 10, 544.63 184,994 73, 738.11 130, 266 1,070, 710.61 11,426,698 553,807.60 2,729,049 9, 521, 296.12 REPORT OF THE COMPTROLLER OF THE CURRENCY. 159 AMOUNT OF EACH KIND OF COIN AND COIN CERTIFICATE HELD BY THE NATIONAL BANKS, ETC.—Continued. SEPTEMBER BO, 1892—Continued. States, etc. Gold coin. Gold Silver Gold Silver coin. Treas- clearingTreasury cer- house cer-" Dollars. Fractional. ury certificates. tificates, i; tificates. $2, 922, 193. 04 $198, 830 815, 770 539, 215. 00 302, 000 1, 035. 070. 50 591, 150 2, 458, 641. 26 436, 160 2, 841, 613.78 14, 644, 030.00 5,969. 880i 60, 780| 1, 400, 258. 38 50, ] 501 938, 042. 50 55, 420j 1, 507, 862. 29 125, 000! 819, 550. 00 $329,524 94, 767 32,171 236, 457 284,849 223,114 118, 769 25, 767 95,142 9,323 Division N o . 5.. '29,106,476.75J 8, 605,140 1, 449, 883 Ohio Cincinnati Cleveland Indiana Illinois Chicago Michigan". Detroit "Wisconsin Milwaukee Iowa Des Moiiies Minnesota St. Paul Minneapolis Missouri St. Louis Kansas City St. Joseph Kansas Nebraska Omaha 1, 471,192. 70 123, 268. 00 1, 691,711.80 671. 912. 50 314| 155. 70 1, 319,193. 0(. 841, 267. 50 173, 012.00 1,123,074. 05 992, 968. 81 2, 025,212. 00 U8,7i'80'. 000 . 830'. 170 . OOOj . 390 . 480 . 920 . 58, 580 . 750|. 730 L 000 . 2, 546, 291. 85 3, 630 44, 765. 00 1, 552, 025. 00 19, 940 1, 086, 610. 00 402,100 3, 020 1, 313, 437. 50 68, 310.00 Division No. 7.. 6, 611, 939. 35 508, 690 North Dakota South Dakota Idaho Montana New Mexico Utah Washington "Wyoming Oklahoma Indian Territory Division No. 8.. "United States.. 296, 862. 00 271, 733.50 164,863. 40 930, 457. 50 160, 492. 50 746, 022. 75 1, 744, 552.10 303,330.35! 20, 307. OOl 12, 537. 50 i 4, 651,158. 60 199,925 1, 682 77,040 30,000 25, 772 3,245 3, 011, 783.09 48. 694. SO 3i,602 1, 832, 505. 79 7,000 1, 589,170. 00 13, 908 1, 394, 014. 61 77, 091. 85 83,157. 24 2, 247. 30 71, 898. 79 13,460. 00 37, 877.11 5,036. 85 98,779 130, 000 337, 664 213, 677. 29 151,289 $80,000 50. 000 19,852 28, 45" 9,906 61, 270 20, 884 41.159 78.160 17, 513 6,469 4,611 288,281 95, 021, 952. 7771, 050,1801 7, 860,000 6 971, 046.86 2, 883, 763 43, 016, 309. 61 945, 846 543, 439.40 2,125, 788 17, 860, 916.91 22,950. 10,620 . 1, 230... 71, 810 . 4,860!. 73,910!. 49,570 . 360 . 460 . 1, 840 i. 237,610!. 603. 76 2, 028, 301.15 1, 433, 211. 50 3, 641, 616. 60 3, 991, 582. 21 22, 315, 853.90 1, 769, 522.99 1,176, 104. 55 1, 837, 144. 95 974, 365.00 156, 434 2,041, 613. 95 168, 038 127,169.25 9,800 173, 676.15 13,336 20, 272.15 62, 676 42, 392. 76 49, 718 1, 018,862. 21 17,786. "'" 17,250 1, 811,218.47 82, 300 74,200 53, 664 42,627. 78 847, 404.28 52,567 59,235 26,089. 05 467, 436. 75 34,223 22, 704. 85 ., 132. 924 4, 591,524. 85 45,402. 75 240,561 1, 522,074. 25 141, 9! 7, 726. 30 79, 322 334, 217.30 15, 577 142, 572 77, 017. 91 169, 483 1, 567,896. 96 92, 805 1,258, 236. 69 86, 085 59, 647. 88 50, 724 2,226, 755.05 86, 217 54, 602. 05 Division ]STo. 6.. 11, 601, 213. 51 2,644,630. Colorado Nevada California San Francisco Oregon Arizona $189, 223. 72 $208, 833 21, 092.15 557. 460 22, 970.00 41, 000 136, 619.34 218,749 189, 027.43 239.932 188,982.90 1, 289, 847! 89, 904.61 99, 811J 48,841. 05 113, 304 73, 426. 66 105,294 10, 959. 00 9,533 Total. 23,244. 17, 031. 9,816. 57, 349. 8, 788. 27, 066. 60,455. 8, 592. 1,478. 2,611. 216, 434.20 7, 953, 259.64 21, 757 28, 559 6,920 46,194 1,032 17, 874 58, 323 3.412 8,804 384, 665.85 356, 400. 54 192,735. 53 ., 167, 081.15 196,056. 83 906, 031. 78 L, 991, 060.55 333,208. 02 37, 518.70 31, 232.85 202, 508 5,595,991. 80 5,405,710. 92 22, 993,451 209,116,378.69 160 REPOKT OF THE COMPTROLLER OF TPIE CURRENCY. LAWFUL MONEY RESERVE OF THE NATIONAL BANKS, AS SHOWN BY TTIE Cities, States, and Territories. New York City Chicago St. Louis Total of central reserve cities. Boston Albany .Brooklyn Philadelphia Pittsburg Baltimore Washington New Orleans Louisville Cincinnati Cleveland Detroit Milwaukee Des Moines St. Paul Minneapolis Kansas City St. Joseph Omaha San Francisco Total of other reserve cities -. Total of all reserve cities Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut New York New Jersey 9 Pennsylvania 10 Delaware n Maryland 12 District of Columbia 13 Virginia 14 "West Virginia 15 North Carolina 16 South Carolina 17 Georgia 18 Florida 19 Alabama 20 Mississippi 21 Louisiana 22 Texas 23 Arkansas 24 Kentucky 25 Tennessee 26 Ohio.... 27 Indiana 28 Illinois 29 Michigan 30 Wisconsin 31 Iowa 32 Minnesota 33 Missouri 34 Kansas 35 Nebraska 36 Colorado 37 Nevada 38 California 39 Oregon 40 Arizona 41 North Dakota 42 South Dakota 43 Idaho , 44 Montana 45 New Mexico Utah 46 47 Washington 48 Wyoming 49 Oklahoma 50 Indian Territory Total of country banks. Total of United States.. I No. of I Banks. 263^ "343" 81 54 49 213 59 84 266 98 307 18 43 1 36 28 23 14 32 18 29 13 11 223 10 72 55 216 106 188 96 74 157 59 57 142 128 53 2 34 41 4 33 40 11 34 11 14 70 13 4 6 3, 773 Deposits. Reserve required, 25 per cent. Reserve held. $391, 870, 202 $97, 967, 550 103, 416, 901 26, 634,476 30, 510, 561 106,537, 902 29,228,153 7, 307,J)38_ 6.157, 311 "527:636, 257 1317909,064 140, 084, 773 129, 976, 025 ~327"4947606 37,131, 369 2, 464,253 014 3, 258, 658 9,857, 3,254,081 016,325 3, 376,177 13, 657, 325 31, 848, 419 27, 414, 331 109, 441, 290 9, 860, 322 11, 827, 999 39, 033, 004 6, 758, 251 8, 718. 308 27, 554,851 2, 638, 713 3, 826, 821 10, 266,940 4,316,735 4,664, 657 17, 099, 475 2, 962, 582 2, 524,869 10, 824, 510 8, 206,128 9, 694, 709 32. 109, 647 5, 042, 412 6, 645, 930 20, 020, 292 4, 755, 073 5, 633, 750 19,,437,669 1,859,417 2. 360, 657 7, 770, 888 692, 722 ' 717, 563 2,,977,194 3,494,299 3, 326, 887 13., 517, 843 2, 629, 461 3, 090, 003 10,,983, 543 4,995, 886 7, 262, 440 19,,489,468 1, 372, 367 1, 580, 093 5., 348, 555 3,837,139 6, 253, 285 15,,859,578 1,214,894 1, 918, 635 4, 519,301, 436 ~129, 825, 359~ 156,098, 942 ., 046,937, 693 261/734^423 296; 183, 7i^ (15per cent.) 13, 563, 581 2, 034, 537 4, 229, 297 9, 224, 330 1, 383, 650 2, 639, 956 8, 822, 503 1, 323, 375 2, 645,963 18, 028,158 76, 951, 207 11,542,681 5,077, 205 20,788,213 3.118,232 35, 832, 635 5; 374, 895 10, 316, 950 98,889,909 14, 833, 486 26, 242, 928 55,188, 257 8, 278, 239 14,762,018 110,159, 824 16, 523, 974 31, 085, 321 786, 556 1, 717, 420 5, 243,708 1,553,156 2, 547, 617 10, 354, 376 143,449 362, 512 956, 328 2, 354,316 3,844,905 15, 695, 441 1, 029, 308 2,169, 613 6, 862, 050 591,153 1,072, 399 3,941,022 510, 309 706,645 3, 402, 058 889, 684 1,561,443 5, 931, 226 667, 542 1,142, 384 4,450, 279 807,136 1, 294, 392 5, 380, 905 240, 602 450,556 1,604,012 216, 696 335,815 1,444,641 4, 781, 782 9,221,975 31, 878, 544 317,406 583,974 2,116,043 2,146,403 4, 232,174 14, 309, 353 2.458,233 3,975, 643 16, 388,219 9,563, 706 18,559,013 63, 758, 043 5,537,418 13,436, 958 36, 916,118 8,075, 527 14,414,866 53,836, 847 4,713, 556 9,270,459 31,423, 707 3, 692, 594 6,654, 931 24, 617, 295 4,506, 544 8,555,155 30, 043, 625 2,503,308 3, 992, 721 16, 688, 720 1,252,432 2, 376,718 8, 349,544 3,208, 509 8,452,377 21, 390, 057 3, 049, 311 5, 813, 896 20, 328, 742 4,477, 576 10,981,295 29,850, 509 75, 016 85, 339 500,104 1, 906, 992 3, 610, 821 12, 713, 281 1, 601,514 2,456,852 10, 676, 761 75, 075 500,498 158,41"" 977,253 1,448, 3 6, 515,018 768, 806 1, 278,013 5,12o, 374 305,179 2, 034,529 479, 322 2, 291,170 15, 274,467 4,468,808 377, 024 2, 513, 495 637, 318 693,904 4, 626, 028 1, 755, 635 2,197,142 14, 647, 610 4, 296,986 419, 404 918, 047 2,796, 028 238,131 97,747 651, (348 181, 796 57^813 385, 419 "9757542,131 146,331, 320 274, 769,504 2, 022,479,824" 408, 065, 743 570, 953, 219 Ratio of reserve. >er cent. 26.39 28.64 21. 07 26. 55 "28757 33.06 25.94 29.04 29.99 32.25 36.26 27.01 29.33 29.53 32.95 29. 62 31.74 25.90 23.80 29.38 36.34 28.78 40.74 39.48 30.06 31.18 28.62 29.99 23.43 24.42 28.79 26.54 26.75 28.22 32.75 24.60 38.06 24.50 31.62 27.21 20.77 26.33 25.6" 24.06 28.09 23.25 28.93 27.60 29.58 24.26 29.11 36.40 26.78 29.50 27.03 28.48 23.92 28.47 39.52 28.60 36.79 17.06 28.40 23.01 31.66 22.23 24. 93 23.56 29.26 25.36 37.95 29.34 32.83 36.54 _47JL7 28.17 "28723 REPORT OF THE COMPTROLLER OF THE CURRENCY. 1 REPORTS OF CONDITION AT THK CLOSE OF BUSINESS OX SEPTEMBER 30, Cash reserve. Held. 1892. Classiiication of reserve held. Specie. Due from reserve agents. Lo.-al tenders. $97,679, 965 $103,129, 316 $62,568,071 $32, 642, 245 6, 876, 207 30, 452, 061 26, 575,976 22, 315, 854 1, 315, 536 4, 591, 525 6.137, 061 _7 L 28_6 1 788 131, 542, 729" 139, 718,438" 89, 475, 450 40,8377988 5, 046, 16,242,107 "16,12ir567~ 299, 1, 201,121 1, 225, 377 754, 1, 661, 515 1, 614, 846 3, 874. 20,086, 794 13, 612, 947 2, 892, 4, 890,123 6, 982, 657 961, 3,349, 876 5, 315, 588 860, 1, 305, 8572, 666, 651 764, 2,136, 992 3,001, 621 964, 1, 251,184 1, 534, 455 2, 466, 4, 041, 934 5, 364, 307 1, 315, 2, 506, 423 2, 748, 211 2, 366,287 2, 327,458 1,151, 921, 836 1, 342,422 368, 342, 986 341,530 167, 1, 740, 399 2, 002,252 191, 1, 306, 855 1,414, 299 566, 2,485, 568 2, 667, 974 1,145, 679,434 632,780 298, 1, 902,144 2, 970,379 743, 605,197 1,660, 717 71, 64, 407L832_ 24, 901 82,164. 838 "19579507561" 221, 883, 276~ 142, 540, 621 65, 742, 655 746, 531 1, 291,410 501, 974 731, 621 482, 291 781,801 4,325, 747 6,282,176 1,134,950 1,581, 602 2, 038, 665 3, 207, 695 5, 678, 860 8,269*, 290 3, 233, 965 5, 047, 863 6,400,183 10,934, 860 301, 323 521,535 595. 330 1,017,591 52, 880 311, 034 917, 245 1, 778, 800 397,481 926, 432 223,176 617,629 195, 686 489,724 337,461 916, 242 260,177 456,031 302, 892 799,918 89, 874 329, 448 82,134 222,100 1, 820, 655 5,117,424 121,183 339, 256 798, 227 1, 321, 203 957, 615 2,138, 806 3,682, 525 7, 669, 240 6,159,118 2,141, 637 3,139,134 6, 048, 239 1, 841, 449 2, 680, 894 1,446, 924 2, 429, 946 1,743,737 3, 384, 948 1, 390, 241 980, 420 479. 882 835,240 2,518,449 1, 232, 711 1,178, 677 1, 811, 548 1, 760, 652 4,507, 560 28,737 49,541 737, 259 1, 968, 389 626, 352 1,431, 320 28. 667 100,798 381,013 587,139 296,537 612,485 119,029 252.930 900, 617 . 1,735,932 145,140 276, 496 269. 012 993,138 848, 432 2,134, 835 162, 362 364,108 38,199 72, 505 21,505 49,518 56,2277114 "1057496,1)48 252,177, 675 j 327, 379, 324 I 161 Redemption fund with Treasurer. $287, 585 58,500 20, 250 ""3667335" 1, 590, 000 1,160, 000 40. 000 870, 000 4.395,000 13, 600, COO 1, 013, 351 278,059 548, 706 182, 915 505, 626 276,175 4, 056, 495 2, 050, 681 175,000 999, 854 581, 748 789, 928 2,417, 767 160, 000 5, 200, 303 2, 908,987 10, 000 2, 543, 297 2.494, 566 10, 000 6, 606, 760 4,318,100 50,000 335, 272 176, 263 699, 042 318,549 281, 498 29, 536 775,260 1, 003, 540 474, 989 451,443 345, 607 272,022 252, 858 236, 866 574, 756 341,486 197, 515 258, 516 519, 403 280, 515 148, 068 181, 380 140, 210 81, 890 2, 535,016 2, 582, 408 184, 805 154, 451 745, 989 575.214 1, 070, 711 1, 068, 095 3, 848, 604 3, 820, 636 3, 641, 617 2, 517, 501 3, 991, 582 2, 036, 657 20,000 1, 769, 523 911, 371 592,801 1, 837,145 1, 343, 334 2, 041, 614 371, 379 1, 018. 862 367,803 | 467, 437 940,552 1, 567, 897 10,000 I 553, 311 1, 258, 237 1.495, 777 3, 011, 783 847 48, 694 1, 832, 506 135, 883 37, 306 1, 394, 014 23, 706 77, 092 202,473 384, 666 256, 084 356,401 60,195 192,735 1,167, 081 568, 851 196, 057 80, 439 906, 032 87,106 143, 774 1, 991, 061 30, 900 333.208 34, 986 37, 519 18,285 31,233 66, 575, 758 1^7525,290 j 395, 000 209,116, 379 104, 267, 945 | 13, 995,000 " $20,638, 389 2, 044, 037 1,690, 272 11, 573,188 4, 765, 267 3,344, 220 1,133,170 1,620, 286 1,405, 627 4, 208,142 3, 868,154 3,283, 792 1, 002, 440 369, 283 1, 311,135 1, 659,954 4,569, 716 933, 813 3, 250, 056 253. 418 72, 924, 409 72, 924,409 13,500 24, 390 188,437 80, 075 58, 500 27, 000 42,750 22, 500 122, 260 29,565 22,500 15,745 6,750' 13,500 15,750 24,750 13,500 32, 850 4,500 1,009,695 1, 376, 030 2, 769, 677 1, 779, 620 1, 746, 515 11, 017, 668 3, 214, 747 6, 831, 022 17, 337, 303 9, 520,829 19,626, 946 1,162,635 1,465,195 40, 228 2, 004, 900 1,207,576 421, 557 195, 827 599,171 669,253 444, 569 105,190 102,353 3, 874, 408 230,268 2, 760,135 1, 772, 642 10, 532, 378 7, 094, 516 8,138, 934 6, 479, 631 4,149, 700 5, 023, 006 2, 550, 222 1,488, 752 5, 807,198 3, 899, 729 6, 397, 789 32,625 1, 578, 589 989, 898 54, 261 836,460 638,064 218,785 2, 693, 249 346, 647 741,122 2, 086, 089 540,439 163,376 128, 229 163, 509, 922 236, 434, 331 168, 210 128,715 117,647 728,313 280, 856 278,233 636, 335 193,326 523, 516 33,250 64, 831 11, 250 61,204 35,605 33, 213 21,094 46,031 17,100 49, 905 15, 918 11, 362 230,143 14,450 150, 836 64,195 357, 395 183,324 227, 693 109,935 75, 285 147, 201 52,258 52,726 126, 730 102, 618 75, 946 3,172 63, 844 35,634 3,407 24,720 27,464 7,606 39,627 14,175 21,375 76, 062 13,500 2,250 4,049 5,763,534 7,139, 564 162 REPORT OF THE COMPTROLLER OF THE CURRENCY. L I A B I L I T I E S O F T H E N A T I O N A L BANKS, AND T H E R E S E R V E R E Q U I R E D AND H E L D OIS T H R E E D A T E S I N T H E YEARS 1887, 1888, 1889, 1890, 1891, AND 1892. STATES AND TERRITORIES EXCLUSIVE OE RESERVE CITIES. Reserve held. Date. No. of banks. Net deposits. Reserve required. Amount. Ratio to deposits. Millions. Millions. 102.4 682.8 102.4 683.0 103.6 690.6 Classification of reserve. Specie. Other lawful money. RedempDue from tion agents. fund. Millions. Per cent. Millions. Millions. Millions. Millions. 29.1 ll>8. 9 51.1 32.9 107.8 6.8 189. 5 27.7 48.9 31.3 102.6 6.6 190.9 27. 6 50.8 32.6 100.9 6.6 May 13,1887 Aug. 1,1887 Oct. 5,1887 2,676 2,724 2,756 Apr. 30,1888 J u n e 30,1888 Oct. 4,1888 2,809 2,829 2,847 707.5 711.8 739.3 106.1 106.8 110.9 193. 9 199. 2 209. 8 27.4 28.0 28.4 51.0 49.1 50.2 33.8 31.5 34.5 102.8 112.2 118.9 6.4 6.3 6.2 May 13,1889 J u l y 12,1889 Sept. 30,1889 2,914 2,944 2,992 769.8 789.1 807.6 115.5 118.4 121.1 223. 9 229.3 224.6 29.1 29.1 27.8 53.5 53.3 50.5 36.9 37.2 36.2 127. 8 133.3 132.4 5.6 5.6 5.5 May 17,1890 J u l y 18,1890 Oct. 2,1890 3,125 3,151 3,207 845.3 835.4 859.2 126.8 124.3 128.9 223. 2 222.2 225. 5 26.4 26.6 26.2 52.9 52.7 54.3 37.3 37.1 37.7 127. 6 127.0 128.5 5.4 5.3 5.2 May 4,1891 July 9,1891 Sept. 25,1891 3,296 3,309 3,333 847.4 846.8 861.8 • 127.1 127. 0 129.3 225.1 224. 7 235. 5 26.6 26.5 27.3 61.3 62.8 60.3 36.5 36.4 36.8 122.1 120.3 133.0 5.2 5.1 5.4 May 17,1892 J u l y 12,1892 Sept. 30,1892 3,393 3,418 3,430 929.2 950.3 975.6 139.4 142.5 146.3 274.2 282.2 274.8 29.5 29.7 28.2 65.3 66.4 66.6 38.7 38.8 38.9 164.5 171.2 163.5 5.7 5.8 5.8 M a y 13,1887 A u g . 1,1887 Oct. 5,1887 46 46 47 299.7 294. 0 284.3 74.9 73.5 71.1 82.8 82.6 80.1 27.6 28.1 28.2 63.6 65.0 63.6 18.8 17.2 16.1 0.4 0.4 0.4 A p r . 30,1888 J u n e 30,1888 Oct. 4,1888 46 46 46 316.7 338.4 342. 2 79.2 84. G 85.5 94.8 102.7 96.4 29.9 30.3 28.2 69.4 73.4 73.9 2,5.0 28.8 22.1 0.4 0.4 0.3 M a y 13,1889 J u l y 12,1889 Sept. 30,1889 45 45 45 361. 0 359.2 338.2 90.2 89.8 84.5 103.7 97.3 84.9 28.7 27.1 25.1 71.5 61.8 59.1 32.0 35.3 25.6 0.2 0.2 0.2 May 17,1890 J u l y 18,1890 Oct. 2,1890 46 47 47 322.3 326.8 332.6 80.6 81.7 83.2 85.0 88.4 92.5 26.4 27.0 27.8 65.2 64.2 78.4 19.6 24.0 13.9 0.2 0.2 0.2 M a y 4,1891 J u l y 9.1891 Sept. 25,1891 47 49 49 327.3 330.3 327.8 81.8 82.6 81.9 88.3 98.9 86.1 26.9 29.9 26.3 58.6 55.6 53.8 29.5 43.1 32.0 0.2 0.2 0.3 May 17,1892 J u l y 12,1892 Sept. 30,1892 48 48 48 437.3 424.5 391. 9 109. 3 106.1 98.0 127.8 124.7 103.4 29.2 29.4 26.4 85.2 i 75.8 ! 62.6 I 42.3 48. 5 40.6 0.3 0.4 0.2 M a y 13,1887 A u g . 1,1887 Oct. 5,1887 18 18 18 68.0 66.3 64.6 17.0 16.6 16.2 20.7 22.0 19.7 30.4 33.1 30.5 13.0 14.6 12.9 7.6 7.2 6.7 0.05 0.05 0.05 A p r . 30,1888 J u n e 30,1888 Oct. 4,1888 18 19 19 71.3 71.8 69.3 17.8 18.0 17.3 21.2 22. 5 21.0 29.7 31.4 30.2 13.4 14.1 13.1 7.8 8.4 7.8 0.05 0.05 0.05 May 13,1889 J u l y 12,1889 Sept. 30,1889 19 19 20 74.3 77.6 78.7 18.6 19.4 19.7 26.4 24.7 25.0 35.5 31.8 31.7 14.6 15.1 15.3 11.7 0.05 0.05 0.05 May 17,1890 J u l y 18,1890 Oct. 2,1890 20 19 19 85.0 84.1 82.9 21.3 21.0 20.7 26.4 24.5 24.8 31.0 29.1 30.0 15.3 14.7 17.0 11.0 9.8 7.8 0.05 0.05 0.05 May 4.1891 J u l y 9,1891 Sept. 25,1891 20 20 21 96.0 91.8 92.9 24.0 22.9 23.2 32.5 28. 5 31.2 33.9 31.0 33.6 19.7 19.3 20.1 12.7 9.1 11.0 0.05 0.05 0.05 May 17,1892 J u l y 12,1892 Sept. 30,1892 22 22 23 111.4 114.4 106.5 27.9 28.6 26.7 36.8 34.0 30.5 33.0 29.8 28.6 23.3 23.1 22.3 13.4 10.9 8.2 0.05 0.05 0.05 NEW YORK CITY. CHICAGO. REPORT OF THE COMPTROLLER OF THE CURRENCY. 163 LIABILITIES OF THE NATIONAL BANKS, AND THE RESERVE REQUIRED AND HELD OJS THREE DATES, ETC.—Continued. ST. LOUIS. Reserve held. Date. Net debanks. posits. No. of Millions. Reserve required. Ratio to Amount. deposits. Millions. Millions. 2.2 3.3 3.4 27 2.7 2*. 6 Classification of reserve. Specie. Other lawful money. RedempDue from tion agents. fund. Ter cent. Millions. Millions. Millions. Millions. 1.5 36.4 1.8 0. 03 31. 9 1.6 1.8 0.03 26.4 1,3 1.3 0.03 May 13,1887 Aug. 1,1887 Oct. 5,1887 5 5 5 9.1 10.8 10.3 Apr. 30,1888 J u n e 30,1888 Oct. 4,1888 4 4 4 8.7 8.9 7.9 2.2 2.2 2.0 3.5 3.7 2.1 40.1 42.0 27.1 1.6 1.8 1.0 1.8 1.9 1.1 0.03 0.03 0.02 May 13,1889 July" 12,1889 Sept. 30,1889 4 5 5 7.5 11.3 12.0 1.9 2.8 3.0 3.5 4.6 3.2 46.8 40.1 26.7 1.9 2.2 1.6 1.7 2.3 1.6 0.01 May 17,1890 J u l y 18,1890 Oct. 2,1890 8 8 8 26.0 27.2 26.2 6.5 6.8 6.5 6.5 6.6 5.6 25.0 24.4 21.3 3.3 3.3 3.1 3.1 3.3 2.5 0.02 0.02 0.02 May 4,1891 J u l y 9,1891 Sept, 25,1891 8 9 9 25.0 23.6 24.2 6.2 5.9 6.1 6.1 5.6 5'. 8 24.4 23.8 23.8 3.7 4.0 3.8 2.4 1.6 2.0 0.02 0.02 0.02 May 17,1892 J u l y 12,1892 Sept. 30,1892 9 9 9 27.8 27.5 29.2 7.0 6.9 7.3 7.9 6.5 6.2 28.4 23.6 21.1 5.9 5.0 4.6 2.0 1.4 1.5 0.02 0. 02 0.02 May 13,1887 Aug. 1,1887 Oct. 5,1887 210 221 223 345.1 335.5 338.5 86.3 83.9 84.6 106.1 98.4 100.7 30.7 29.3 29.7 38.0 34.8 36.3 26.4 24.2 23.2 40.2 37.7 40.0 1.4 1.2 1.2 Apr. 30,1888 J u n e 30,1888 Oct. 4,1888 221 224 224 355.4 372.5 384.9 88.8 93.1 96.2 105.9 113.4 116.9 29.8 30.4 30.4 36.7 42.9 40.0 24.5 23. 6 24.4 43.7 45. 9 51.5 1.0 1.0 0.9 May 13,1889 J u l y 12,1889 Sept. 30,1889 224 226 228 415.3 427.8 419.0 103.8 106.9 104.8 132.8 131.4 121.9 32.0 31.0 29.1 43.7 43.5 37.8 28.9 27.9 26.7 59.6 59. 3 56.7 0.7 0.6 .0.6 May 17,1890 J u l y 18, 1890 Oct. 2,1890 239 259 259 425.0 461.9 457.8 106.2 115.5 114.4 122.8 131.3 129.8 28.9 28.4 28.3 41.4 43.7 43.1 25.2 28.1 24.9 55. 6 58.8 61.0 0.6 0,7 0.7 May 4,1891 J u l y 9,1891 Sept. 25,1891 262 265 265 448.9 442.0 451.9 112.2 110.9v 113.0 136.9 134.1 138.8 30.5 30.3 30.7 51.6 49.1 45.5 26.7 29.0 31.5 57.9 55. 3 6.1.0 0.7 0.7 0.8 May 17,1892 J u l y 12,1892 Sept. 30,1892 262 262 263 520.6 534.3 519.3 130.1 133.6 129.8 184. 0 178.6 156.1 35.4 33.4 30.1 59.3 59.0 53.0 38.0 37.4 29.1 85.8 81. 3 72.9 0.9 0.9 1.0 May 13,1887 Aug. 1,1887 Oct. 5,1887 2,955 3,014 3,049 1,404. 7 1, 389. 7 1, 388.4 282.9 279.1 278.0 411.9 396.0 394.2 29.3 28.5 28.4 167.3 165.1 165.1 87.6 82.3 79.9 148.1 140.3 140.9 8.8 8.3 8.3 Apr. 30,1888 J u n e 30,1888 Oct. 4,1888 3,098 3,120 3,140 1,459.6 1,503. 5 1, 543.6 294.1 304.7 312.0 419.3 441.5 446.2 28.7 29.4 28.9 172.1 181.3 178.1 92.9 94.3 90.0 146.5 158.1 170.5 7.6 May 13,1889 J u l y 12,1889 Sept. 30,1889 3,206 3,239 3,290 1, 627.9 1,665.0 1, 665.5 330.0 337.3 333.1 490.3 487.3 459.6 30.1 29.3 27.8 185. 2 175.9 164.3 111.2 112.3 99.7 187.4 192.5 189.1 6.6 6.5 6.4 May 17,1890 J u l y 18,1890 Oct. 2,1890 3,438 3,484 3,540 1, 703. 6 1, 735. 4 1, 758. 7 341.4 349.3 353.7 463.9 473.0 478.2 27.2 27.3 27.2 178.1 178.6 195.9 96.2 102.3 86.8 183.2 185.8 189.5 6. 3 6.3 6.1 May 4,1891 J u l y 9,1891 Sept. 25,1891 3,633 3,652 3,677 1,744. 6 1, 734.5 1, 758. 6 351.3 348.9 353.5 488.9 491.8 497.4 28.0 28.3 28. 3 194.9 190.8 183.5 107.8 119. 3 113. 5 180.0 175.6 194.0 6.2 6.1 6.6 May 17,1892 J u l y 12,1892 Sept. 30,1892 3,734 3,759 3, 773 2, 026. 3 2,051.0 2, 022. 5 413.7 417.7 408.1 630.7 626. 0 571. 0 31.1 30. 5 28.2 239.0 229. 3 209.1 134.4 137.1 118. 3 250. 3 252. 5 236.4 7.0 7.1 7.2 O.OL 0.01 OTHER RESERVE CITIES. SUMMARY. 164 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATE OF THE LAWFUL MONEY RESERVE OF THE NATIONAL BANKS AS STATES AND Dates. Oct. 7,1886.. Dec. 28,1886.. Mar. 4,1887.. May 13,1887., Aug. 1,1887., Oct. 5,1887., Dec. 7,1887., Feb. 14,1888. Apr. 30,1888. June 20,1888.. Oct. 4,1888. Dec. 12,1888. Feb. 26,1889. May 13,1889.. July 12,1889. Sept. 30,1889. Dec. 11,1889. Feb. 28,1890. May 17,1890. July 18,1890. Oct. 2,1890. Dec. 19,1890.. Feb. 26,1891. May 4.1891. J u l y 9,1891. Sept. 25,1891. Dec. 2,1891.. Mar. 1,1892.. May 17,1892. J u l y 12,1892.. Sept. 30,1892. No. of banks. 2,590 2,612 2,644 2,676 2, 724 2,756 2,778 2.787 2,809 2, 827 2,847 2,858 2,878 2,914 2,944 2,992 3,026 3,076 3,125 3,151 3,207 3,241 3, 265 3,296 3,309 3, 333 3,349 3,370 3,393 3,418 3,430 Net deposits. $637, 564,136 651, 697, 492 675,355,824 682,845,855 682, 963,777 690, 622, 007 684,059,721 707,423,152 707, 530, 013 711, 849,213 739,325, 350 730,883,243 757, 591,413 769,817,794 789, 081, 203 807, 628, 795 807,532, 815 883, 504,222 845,329,596 835,341,554 859,249,215 819,407, 422 828, 643,459 847,402, 314 846, 759, 676 861, 837, 570 867,016,129 909,876,403 929,173, 506 950,252, 797 975, 542,131 Reserve required. $95, 634,620 97, 754, 624 101. 303,374 102,426,878 102,444, 566 103, 593, 301 102,608,958 106,113,472 106,129, 502 106,777, 382 110,898,802 109, 632, 486 113, 638,712 115,472, 669 118, 362,180 121,144, 318 121,129, 922 125,025,633 126, 799,439 124, 301, 233 128,887, 382 122, 911,113 124, 296, 519 127,110, 347 127, 013, 951 129,275, 635 130,052,419 136,481,460 139, 376, 025 142, 537, 920 146, 331, 320 KESERVE Oct. 7,1886. Dec. 28,1886 Mar. 4,1887. M a y 13,1887. A u g . 1,1887. Oct. 5,1887. Dec. 7,1887. Feb. 14,1888. Apr. 30,1888. June 30,1888. Oct. 4,1888. Dec. 12,1888. Feb. 26,1889. M a y 13,1889. July 12,1889. Sept. 30,1889. Dec. 11,1889. Feb. 28,1890. M a y 17,1890. July 18,1890. Oct. 2,1890. Dec. 19,1890. Feb. 26,1891. M a y 4.1891. July 9,1891. Sept. 25,1891 Dec. 2,1891 Mar. 1,1892 M a y 17,1892 July 12,1892 Sept. 30. 1892. 262 263 265 279 290 293 292 290 289 293 293 292 291 292 295 298 300 307 313 333 333 332 335 337 343 344 343 341 341 341 343 664,245,121 671, 648, 508 712, 504, 320 721, 869,242 706,708, 847 697, 767, 889 695,790,194 747,718,913 752, 040.152 791, 629,383 804,241,438 774,053,284 840,117, 539 858, 084,652 875,916,968 847, 868, 586 801,625,021 844,646,301 858, 292,596 900,058,542 899,412,106 814,046,939 . 877,391,354 897, 207,393 887,727,112 896,799, 099 916, 744, 509 1,061,786,647 1, 097,165, 067 1,100, 686,179 1,046,937, 693 166,061,280 167,912,127 178,126,082 180, 467, 310 176,677,212 174,441, 972 173, 947. 548 186,929,728 188, 010, 038 197,907, 346 201,060,359 193, 513,321 210, 029,385 214,521,163 218,979,242 211, 967,147 200, 406, 255 211,161, 575 214, 573,149 225, 014, 635 224, 853, 027 203, 511,735 219, 347, 838 224,301, 848 221,937,778 224,199, 774 229,186,127 265,446, 662 274,291, 266 275,171,544 261, 734, 423 REPORT OF THE COMPTROLLER OF THE CURRENCY. 165 SHOWN BY THE REPORTS FROM OCTOBER 7, 1886, TO SEPTEMBER 30, 1892. TERRITORIES. Reserve held. Classification of reserve held. Amount. Ratio to liabilities. $186,19L, 889 192,278,974 203, 307, 527 198, 863, 737 189, 537, 562 190, 919,164 185, 803,160 201, 787, 492 193, 936,932 199,159, 391 209,844, 956 200, 111, 504 224,480, 351 223, 875, 655 229, 353,725 224,634,194 212, 516,298 233,749,310 223,205,878 222,203, 056 225, 523, 671 210, 262, 300 229,938, 230 225,163,434 224, 652, 075 235, 508, 045 235,620,574 270,973,086 274,129, 725 282,158,477 274,769,504 Per cent. 29.2 29.5 30.1 29.1 27.7 27.6 27.2 28.5 27.4 28.0 28.4 27.4 29.6 29.1 29.1 27.8 26.3 28.0 26.4 26.6 26.2 25.7 27.7 26.6 26.5 27.3 27.2 29^8 29.5 29.7 2.82 $47, 824,967 50, 326, 819 50, 884,172 51,145, 531 48,955, 455 50,821, 078 51, 696, 357 51, 835, 866 50, 988, 350 49,123, 698 50,188,336 50, 661, 056 52, 214, 875 53, 549,166 53,312,874 50,467,987 52,496, 023 55, 084, 885 52,896,449 52, 752, 311 54, 250, 695 57, 551,701 61, 575, 870 61,303,140 62,776, 089 60, 314, 566 61,590,899 62, 867, 013 65, 324, 747 66, 394,006 66, 575, 758 $29, 672,277 31, 879,137 30, 643, 368 32, 418, 634 30,878, 291 32,129,936 31, 997, 316 32, 264, 784 33, 260, 054 31, 021,956 33, 789, 747 33,326, 867 34, 734. 244 36, 235, 912 36,758, 352 35, 712, 394 37, 389, 775 38, 450,332 36,823,184 36, 674, 235 37, 218, 060 37, 562, 841 36, 682, 708 36,124, 884 36, 038,178 36, 394,059 36,532, 677 37,017, 682 38, 308, 295 38,405, 004 38, 525, 290 $460,000 500, 000 555, 000 545, 000 470,000 475f 000 520, 000 510,000 515,000 505, 000 680, 000 530, 000 855, 000 705, 000 485, 000 510, 000 510, 000 505,000 475,000 440, 000 440, 000 445, 000 425, 000 425, 000 415,000 440, 000 415, 000 440, 000 405,000 « 405,000 395,000 $99,493, 068 101,746, 037 113, 943, 928 107,857, 035 102, 597, 807 100, 879, 879 95, 002, 425 110, 693, 685 102, 759,410 112,183, 937 118,950, 556 109, 573, 502 130, 841, 596 127,753, 288 133,246, 766 132,423,322 116,716, 620 134,379, 587 127, 639,363 127,015, 635 128,452, 576 109, 582, 313 126,076, 254 122,115, 434 120, 273,937 132, 984,453 131, 609, 289 165, 033,135 164, 423, 561 171, 219,102 163,509,922 $8,741,577 7, 826,981 7, 281, 059 6, 897, 537 6, 636, 009 6, 613, 271 6, 587, 062 6,483,157 6,414,118 6, 324, 800 6, 236, 317 6, 020, 079 5, 834, 636 5, 632, 289 5, 550, 733 5, 520,491 5,403,880 5,329,506 5, 371,882 5,320, 875 5,162, 340 5,120,445 5,178, 398 5,194,976 5,148,871 5, 374.967 5,472, 709 5,615,256 5, 668.122 5, 733, 365 5,763, 534 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 28.7 29.9 30.1 29.5 29.2 29.1 28.2 30.5 30. 0 30.6 29.4 29.5 30.9 31.1 29.5 27.7 27.8 28.1 28.0 27.9 28.1 28.7 29.8 29.4 30.1 29.2 30.3 32.6 32.5 31.2 28.3 108, 562, 730 116, 656, 737 120, 794, 734 H6,170,136 116,148, 755 114, 264, 376 107, 544, 286 121, 994, 748 121, 085, 661 132,168, 579 127, 799, 480 122, 073, 222 130, 069, 926 131, 627, 286 122, 590, 995 113, 858,462 118,593,435 126,461, 252 125,269, 045 125,851, 752 141, 668,163 132, 511, 305 139,664, 492 133,636,268 127, 993,448 123,200, 509 146, 307,135 167, 280, 955 173, 719, 360 162,924, 474 142, 540, 621 33,140, 045 35, 860, 691 35, 584, 790 47,176,454 43, 599, 051 41,621, 319 43, 364, 659 50, 052, 886 50, 314,156 50, 973, 687 47, 309, 714 49, 228,193 53, 890, 616 61, 602,473 60,698,480 51, 039, 699 47,101,119 48,101, 270 51, 265, 808 55, 806,133 43, 386, 671 44,614, 285 52, 717, 691 60, 250, 365 64, 361, 633 61,221,549 57, 321, 677 62, 428, 053 69, 673,107 75,510, 012 65, 742, 655 5, 395, 000 5^ 695, 000 7, 090, 000 7, 480, 000 7, 340, 000 5, 715, 000 5, 645, 000 9,610,000 8, 815, 000 11, 810, 000 8, 385, 000 8, 690, 000 12, 930, 000 12, 650,000 14,405, 000 12,435, 000 8, 535,000 8, 325, 000 7, 660,000 9.385, 000 5, 715, 000 .5,315,000 11, 230, 000 11, 090, 000 18,430. 000 15,280,000 8, 350,000 23, 640, 000 26, 000, 000 22, 710.000 13,600,000 41, 271, 509 40, 371, 942 49, 217, 253 40, 210, 839 37, 672, 349 39, 993, 709 37, 957, 340 44, 647, 555 43,718,493 45,949.662 51, 508, 038 47, 013, 696 61, 860. 599 59, 619, 008 59. 343, 308 56, 712, 959 48,173,145 53, 684, 545 55. 566, 943 58, 806,133 60, 999, 210 50.638, 370 56,569, 349 57, 889, 288 55, 317,148 61,005, 875 64,710,249 91. 717, 863 85, 825, 510 81, 254, 538 72,924,409 2, 616,438 2,229.148 1,999,696 1, 913. 048 1. 705, 980 1, 697,171 1, 581, 441 1, 510, 032 1, 473, 832 1,441,037 1, 319, 085 1,121,355 1,025, 512 932, 917 907.087 884, 568 872. 779 862. 382 929. 628 984, 247 961,257 948, 667 955,146 963, 982 980, 969 1,161, 461 1, 209,571 1, 282,876 1, 322,396 1, 359, 226 1,376, 030 1 2 3 4 5 6 Specie. Legal tenders. United States Due Redempcertificates of from reserve tion fund with deposit. agents. Treasurer. CITIES. 190, 985, 722 200,813, 518 214, 686,473 212,950,477 206,466,135 203, 291, 575 196, 092, 726 227, 815, 221 225, 407,142 242, 342,965 236,321, 317 228^1.26, 466 259,776,653 266,431, 684 257, 944,870 234,930,688 223,275,478 237,434,449 240, 691,424 250,833, 366 252,720, 301 234, 027, 627 261,136,678 263, 829,903 267, 083,198 261, 869,394 277, 898,632 346, 349, 747 356,540, 373 343,758,250 296,183,715 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 166 REPORT OF THE COMPTROLLER OF THE TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES AND CENTRAL RESERVE CITIES, THE NUMBER OF BANKS IN OPERATION AT EVERY DATE ON WHICH REPORTS OF CONDITION HAVE BEEN MADE, FROM MARCH 13, 1883, TO SEPTEMBER 30. 1892. INCLUSIVE, TOGETHER WITH THE AMOUNT OF RESERVE REQUIRED AND THE AMOUNT HELD AT EACH O F THOSE D A T E S , AND T H E CLASSIFICATION O F T H E R E S E R V E HELD, SHOWING AMOUNTS AND P E R C E N T A G E S I N E A C H C A S E . [Division No. 1.—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, excluding reserve cities.] Reserve held. Dates. AIQOUllli OI No. reserve of required, 15 banks per cent of net deposits. Amount. 1883. Ratio. Classification of reserve held. Lawful money (6 per cent). Amount. With reserve Five agents (9 per cent.) per cent redemption fund. Ratio. Amount. Ratio. Per ct. Per ct. 7.38 $16, 299,167 15. 94 $4,437, 377 16,040, 299 15.72 4, 432, 583 7.34 16, 722, 029 16. 32 . 4, 436, 483 7.50 19,099,067 17.73 4,414, 690 7.10 21, 965,101 20.06 4, 439, 375 7.44 507 509 510 511 512 $15. 342, 235 15, 309,783 15, 369,906 16,161,030 16,426,477 $28. 288,564 27,968, 628 28.844, 230 31,164.435 34, 548,821 Per ct. 27.66 27.40 28.15 28.93 31. 55 $7, 552,020 7,495, 846 7, 685, 718 7,650,678 8,144,345 514 514 514 514 515 15,959,007 16, 081, 733 15,103, 686 15, 614, 046 15,216,181 32.510,901 31,256.427 27,470, 663 32,199, 345 31, 576,643 30.56 27.15 27.28 30.93 31.13 7,875, 750 8,138,314 8. 231,410 8,199, 770 8,273,291 7.40 7.59 8.17 7.88 8.16 20,374, 517 18,787,103 14,972, 792 19, 833, 278 19, 211,124 19.15 17.52 14.87 19.05 18.94 4, 260, 634 4,331,010 4, 266, 461 4,166, 297 4, 092, 228 514 511 512 506 506 15. 553,913 16,093, 617 16, 589, 066 17,218, 577 17,150, 864 33,563,396 34, 886, 766 34, 597,448 34,416,314 32,831, 670 32.37 32.52 31.31 29.98 28.71 8, 416, 689 8, 641,121 8, 951. 595 9, 549. 345 9,562,800 9.12 8.05 8.10 8.32 8.36 21,146, 721 22,184,176 21. 637, 813 20, 832, 605 19,311, 376 20.39 20.68 19.58 18.15 16.89 3,999, 986 4, 061, 469 4, 008, 040 4, 034, 364 3, 957, 494 507 510 509 510 511 17,185,207 16,473, 718 17, 388,516 18, 295, 909 17 t 815,957 32,588, 870 32.509. 786 31, 345. 788 35, 762,441 33, 229,398 28.44 27.91 27.04 29.32 27.98 9,772, 588 10, 304,208 10,316, 259 10, 335,491 10, 888, 902 8.53 8.85 8.90 8.47 9.17 18, 969, 980 18, 555, 748 17, 449, 280 21. 995,854 19,338,260 16.56 15. 93 15.05 18.03 16. 28 3, 846, 302 3, 649, 830 3, 580, 249 3,431,096 3, 002, 236 511 513 512 512 514 17,464,118 17, 918.113 17,228,499 17, 758,954 17, 341, 009 34.081,099 33. 354. 311 28.645. 014 32,079,549 29,625,990 29.27 27.92 24.94 27.10 25.64 10, 261, 663 10,470, 249 10, 202,657 10,081.047 10,316,792 8.81 8.77 8.88 8.51 8.92 21.137.117 20^ 384.444 16,106, 385 19, 698, 402 17,045,118 18.15 17.06 14.02 16.64 14.74 2, 682, 319 2.499, 618 2, 335, 972 2, 300,100 2,264, 080 514 514 515 515 516 18,229,528 18. 287,862 18, 929. 571 19.889, 593 19,338,797 33,096,440 32,928,907 35,172, 829 36,547, 994 33, 598, 583 27.23 27.01 27.87 27.56 26.06 9,937, 633 10,402, 526 10,047,520 10, 745, 765 10, 784,645 8.18 8.53 7.96 8.11 8.37 20, 928. 685 20, 330, 966 22, 986, 251 23, 704. 062 20,835, 576 17.22 16.68 18.21 17.88 16.16 2. 230.122 2,195, 415 2,139,058 2,098,167 1. 978, 362 Feb. 2 6 . . . 517 May 1 3 . . . 518 July 1 2 . . . 521 Sept. 3 0 . . . 522 Dec. 11 . . . 523 19, 631,288 20, 634, 607 21,622,302 21, 643.953 20,841,025 36. 075,905 40. 294,495 40, 580, 347 38, 925.305 33,648,578 27.57 29.29 28.15 26.97 24.22 10,535. 537 11,125. 890 11,779; 205 11.534 535 Hi 673,180 8.05 8.09 8.17 7.99 8.40 23, 657,943 27,409. 248 27, 066, 971 25. 693, 206 20,382, 427 18.08 19.92 18.77 17.81 14.67 1, 882, 425 1, 759, 357 1,734,171 1, 697, 564 1, 592! 971 524 527 527 527 527 20. 878,978 21, 229,739 22,127,475 22,292,444 20, 763, 952 36, 300, 363. 36,242,622 37,817.047 37 510,300 34,649.318 26.08 25.61 25.64 25.24 25.03 11. 504. 237 11,090,798 12,364, 578 12.182,922 12,134, 781 8.26 7.84 8.38 8.20 8.77 23, 270,173 23, 622,164 23, 909. 780 23.896;058 21,119, 223 16.72 16.61 16.21 16.08 15.26 1, 525, 953 1, 529,660 1, 542, 688 1,431,320 1,395,314 528 528 530 530 530 20,499,189 21,301. 304 22,232. 922 21,827, 710 22,188, 592 33.004,361 35, 962.153 41. 064.138 38, 281,908 38,708,647 24.15 25.32 27.70 26.31 26.17 12,034, 234 12.111,658 13,388. 475 12, 789! 925 13,093i 798 8.81 8.53 9.03 8.79 8.85 19, 554,271 22,443, 506 26. 267, 239 23, 964, 951 24, 050, 937 14.31 15.80 17.72 16.47 16.26 1, 415, 856 1,406, 989 1, 408, 424 1, 527, 032 1, 563, 912 533 532 537 540 22, 847, 267 23. 690.464 24.761. 277 24, 777,370 42,870, 874 44. 846. 761 47,840.955 42.937,529 28.15 28.40 28.98 25.99 12. 813. 421 13. 366,465 14.094.485 13,876,306 8.41 8.46 8.54 8.40 28,400, 953 29, 823,145 32, 058,140 27, 359,249 18.65 18.88 19.42 16.56 1, 646, 500 1,657,151 1, 688, 330 1,701,974 Mar. 1 3 . . . May 1..-June 22.-Oct. 2 . . . - . Dec. 31 . . . 1884. Mar. 7 . . - . Apr. 24... June 20... Sept. 30... Dec. 20 . . . 1885. Mar. 10... May 6 . . . . July 1 . . . . Oct". 1 Dec. 24 . . . 1386. Mar. 1 . . . . June 3 Aug. 27... Oct. 7 Dec.28 . . . 1887. Mar. 4 . . . . May 1 3 . . . Aug.l.... Oct. 5 Dec.7 . . . . 1888. Feb. 14... Apr. 30... June 30... Oct. 4 Dec. 12 . . . 1889. 1890. Feb. 28 . . . May 17... Jnl'v 1 8 . . . Oct. 2 Dec. 19 . . . 1891. Feb. 26 . . . May 4 . . . . July 9 . . . . Sept. 2 5 . . . Dec 2 . . . . 1892. Mar. 1 . . . . May 17... July 12... Sept. 30... ftEPGRT OF THE COMPTROLLER OF THE CtJRREtfCt. 16? T A B L E SHOWING, B Y GEOGRAPHICAL DIVISIONS, THE R E S E R V E C I T I E S AND CENTRAL R E S E R V E C I T I E S , T H E N U M B E R OF BANKS I N OPERATION, ETC.—Continued. [Division No. 2.—New York, New Jersey, and Pennsylvania, excluding reserve cities.] Dates. A m o u n t of No. reserve reof quired, 15 banks per cent of net deposits. 1883. Mar. 13... 525 May 1 532 June 22... 537 545 Oct. 2 Dec. 31 . . . '549 1884. Mar. 7...- 550 Apr. 24... 554 June 20.. . 561 Sept. 30... 563 Dec. 20 . . . 560 1885. Mar. 10... 559 May 6 . . . . 559 July I---- 561 557 Dec. 24 . . . 567 1886. Mar. 1 . . . . 570 June 3 . . . 571 Auis.27... 572 (k;t. 7 572 Dec. 28 . . . 575 1887 Mar. 4 . . . . 576 May 13... 580 586 587 591 Dec. 7 1888. Feb. 14 . . . 593 Apr. 3 0 . . . 596 June 30... 598 Oct. 4 601 Dec. 12 . . . 603 1889. Feb. 2 6 . . . 603 May 1 3 . . . 607 July 12... 608 Sept. 30... 615 Dec. 11 . . . 617 1890. Feb. 28 . . . 625 May 17... 629 July 18*.. 626 Oct2 633 Dec, 19 . . . 640 1891. Feb. 26 . . . 647 May 4 . . . . 655 July 9 . . . . 657 Sept. 25... 658 Dec. 2 . . . 658 1892. M a r . l . . . 659 May 17... 666 July 12... 671 Sept. 30... 671 oSV ""' Reserve held. Amount. Classification of reserve held. Lawfii 1 money (6 W i t h reserve Five pei ^cent).' agents (9 per cent). per cent Ratio. redempAmou at. Ratio. A m o u n t . Ratio. tion fund. Per ct. Per ct. Per ct. $26,151, 831 $48 307, 519 27. 71 $15,232 686 8.74 $30,026, 506 17.22 26, 557,410 25, 905, 781 14.63 9.38 45 564, 935 25.74 16, 603 462 46, 409, 027 50 817, 532 28.86 31,528,884 17.91 16,240 341 9.22 26,885,132 29, 011,331 16.19 9.44 48 979,043 27.33 16,912 419 26,992.446 066 29,840,086 9.86 50 577, 804 28.11 17, 734 16.58 27, 003 27, 240 25,502 25, 245 24, 531 470 954 692 939 549 53 53 45 49 50 25, 258 25, 204 25,615 26, 291 26,843 857 559 062 732 401 55,463, 538 53, 071, 039 51,945,847 56,170,958 58, 345, 580 27, 453 27, 533 28, 253 28,-830 28, 792 354 873 322 549 675 829,445 29.90 358,232 29. 38 241, 638 26.61 189, 650 29. 23 799, 720 31.06 16,983 18,854 18,801 18,694 18, 036 $3, 048, 327 3,055, 692 3, 048, 327 3, 055,293 3,003, 652 453 082 649 389 445 9.43 10. 38 11.06 11.11 11. 03 33,924,115 31, 556,160 23, 558,015 27, 634, 801 29,977, 889 18.84 17.38 13. 86 16.42 18.33 2, 921,877 2, 947, 990 2, 881, 974 2, 860, 460 2, 785, 386 32.94 31.58 30.42 32. 05 32. 60 18, 925,754 20,044,604 19,178, 305 20.055,448 18,913,441 11. 24 11. 93 11.23 11.44 10.57 33, 766, 999 30, 262, 857 30,033,212 33,297,308 36, 653, 591 20.05 18.01 17.59 19.00 20.48 2, 770, 785 2, 763, 578 2, 734, 330 2, 818, 202 2, 778,548 56, 026, 945 54, 618, 391 56, 916, 208 54,836, 089 53,341, 795 30.61 29.75 30. 21 28. 53 27.79 18, 960, 011 20, 795, 357 20,185, 336 20,192, 341 20, 260,434 10.36 11.33 10.71 10.51 10. 61 34, 334,359 31,241,898 34,176, 300 32, 249,120 30, 849, 802 18.76 17.02 18.14 16. 7.8 16.07 2, 732, 575 2,581,136 2, 554, 572 2,394, 628 2,131, 559 29, 020, 465 29, 685, 015 29,837,428 30, 064, 960 30, 090,137 54, 867, 767 56, 268, 209 51, 361, 676 52, 990, 784 52,172, 378 28.36 28.48 25.82 26.44 26.01 19,405 20,193 19, 291 19, 775 20, 038 628 10.03 .151 10.20 9.70 157 9.87 576 9.99 795 33,449,631 34,160, 474 30, 226, 408 31,370,441 30, 215, 646 17.29 17.26 15.20 15.65 15.01 2,012,508 1, 914, 584 2, 844, 111 1, 844, 767 1,817, 937 31,181, 582 31, 422, 827 31,184, 265 32, 659, 379 32,191, 080 57, 520,460 27.67 55 782, 017 26.63 56, 274, 855 27.07 62, 056, 372 28.50 57, 440, 943 26.77 20, 111, 377 20,936 380 19, 371, 217 21, 624, 500 20,803, 560 9.67 9.99 9.31 9.93 9.69 35, 617,574 33, 066, 277 35,146, 229 38, 705,110 34, 986; 054 17.13 15.78 16.91 17.78 16.30 1, 791, 509 1, 779, 360 1, 757, 400 1,726,762 1, 651, 329 32,774, 651 33,020, 608 33, 539, 199 34, 329, 752 34, 059, 110 63, 083, 678 28.96 62, 586, 794 28.43 64, 388, 650 28.78 61, 470, 079 26.86 56, 484, 694 24.88 21,144, 626 21, 670, 363 21, 675, 391 20, 987, 608 21,179, 732 9.68 9.84 9.69 9.17 9.23 40,351,399 39, 393, 656 41, 229, 456 39, 007, 885 33, 867, 848 18.47 17.89 18.43 17.04 14.91 1, 587, 653 1, 522, 775 1,483, 803 1,474, 586 1, 437,114 34, 511, 854 34, 518, 143 33, 516, 164 34, 306, 011 32, 687, 250 61, 087, 952 26. 55 56, 982, 396 24. 76 57, 433,692 25. 70 56, 273, 548 24.65 52, 770,142 24. 22 21, 451, 064 20, 335, 343 20, 674, 806 20, 867,126 21,676,126 9.32 8.84 9.25 9.12 9.95 38, 212, 896 35, 226, 537 35, 410, 567 34,120,446 29, 824,190 16.61 15.31 15.85 14.92 13. 64 1, 423, 992 1,420, 516 1,348,319 1, 285, 976 1,269, 826 33, 316, 855 33, 826,152 33, 855,163 34, 601,023 34, 616, 832 60,131, 790 57, 359, 851 58, 352, 449 60, 307, 438 59, 361, 535 27.07 25.44 25.85 26.14 25.72 22,198, 571 2L 838, 831 i!3, 393, 089 22, 805, 835 22, 237, 717 10.00 9.68 10. 36 9.89 9.20 36, 659, 926 34, 242, 908 33, 695, 293 36, 214, 263 35, 820,101 16.51 15.18 14.92 15.70 15.52 1, 273, 293 1, 278,112 1, 264, 067 1, 287, 340 1, 3U3, 717 36,154, 961 37, 433, 634 38, 092, 339 39, 635, 699 69, 465, 248 70,853,519 75,068,925 72, 090, 267 28.82 28.39 29.56 27. 28 21,790,282 23, 085, 521 24, 013, 764 24, 252, 012 9.04 9.25 9.46 9. 18 46, 353, 240 46,432,159 49, 612, 882 46,485, 078 19.23 18.61 19.54 17.59 1,321. 726 1, 335, 839 1, 342, 279 1, 353,177 •Brooklyn transferred to division No. 9 from July 18, 1890. 168 REPORT OF THE COMPTROLLER OF THE CURRENCY. T A B L E SHOWING, B Y GEOGRAPHICAL D I V I S I O N S , T H E R E S E R V E C I T I E S AND CENTRAL R E S E R V E C I T I E S , T H E N U M B E R O F BANKS I N O P E R A T I O N , ETC.—Continued. [Division No. 3.—Delaware, Maryland, Virginia, West Virginia, and the District of Columbia, excluding reserve cities.] Amount of No. reserve reDates. of quired, 15 banks per cent of Eeserve held. Classification of reserve held. With reserve Five agents (9 per cent). per cent redempEatio. Amount. 'Eatio. tion fund. Lawful money (6 Amount. Eatio. net deposits. per cent). Amount. 1883. Per ct. $2,337, 863 9.94 2,713, 896 11.54 2, 774, 761 11.49 3, 088,038 11.15 3,018,536 11.33 Mar. 1 3 . . . May 1 J u n e 22 . . Oct. 2 Dec. 31 . . . 77 77 78 82 82 $3,527,516 3,528,471 3,621,398 4,152,516 3,998,036 $5, 733, 788 5, 790, 224 6,406,495 7,383, 800 6, 620,987 Per ct. 24.38 24.61 26.54 26.67 24.82 Mar. 7 . . . . Apr. 2 4 . . . J u n e 20 . . Sept. 3 0 . . . Dec. 20 . . . 83 83 83 88 88 3,877,353 3,812,038 3, 513,153 3, 702,825 3,365,854 6,822,590 6,446, 814 5,375,113 6, 837,101 6,467,992 26.36 25. 37 22.95 27.70 28.82 2, 873, 867 3,045,651 2,975,931 3,220,417 2,942,926 88 87 87 88 89 3, 361,044 2,854,130 2, 919, 436 3, 286, 346 3,162,147 6, 282, 532 5, 624, 698 5, 311, 397 7, 338, 927 7, 070,981 28! 04 29.56 27. 29 33.50 33.54 $3, 008, 054 2, 691,467 3,243, 785 3,901,193 3,210,691 Per ct. 12.79 11.44 13.44 14.09 12.05 $387, 871 384, 861 387, 949 394, 569 391, 760 11.12 11.98 12.71 13.05 13.12 3, 582, 688 3, 027, 832 2, 025, 960 3,246, 528 3,164,161 13.86 11.91 8.65 13.15 14.10 366, 035 373, 331 373, 222 370,156 360,905 3,043, 637 2,985,242 2, 758, 277 3,134,687 2,887,760 13.58 15.69 14.17 14.31 13.70 2,895,186 2,289,321 2,199,965 3,850,486 3,825, 340 12.92 12.03 11. 30 17.57 18.15 343, 709 350,135 353,155 353, 754 357, 881 1885. Mar. 1 0 . . . May 6 . . . . July 1.--. Oct. 1 . . . . Dec. 24 . . . 1886. Mar.l.... June 3 . . . Aug. 2 7 . . . Oct.7 Dec. 28 . . . 1887. Mar. 4 . . . . May 13 . . . Aug. 1 . . . Oct.5 Dec. 7 1888. Feb. 1 4 . . . Apr. 3 0 . . . June 30... Oct.4 Dec. 12 . . . 89 90 91 89 91 3,163, 328 3,259,103 3,490,359 3,525,434 3, 459, 845 6, 579,113 6,761, 881 3, 337, 721 7,125,856 6, 826, 991 31.20 31.12 31. 53 30.32 29. 60 3, 079, 948 3, 414,420 3, 313, 468 3,405, 443 3,124,102 14.60 15.71 14.24 14.49 13.54 3,153, 202 3,034,136 3, 714,380 3,414,134 3,414, 702 14.95 13.97 15.96 14.53 14.80 345, 963 313, 325 309,873 306, 279 288,187 91 92 93 94 94 3, 541,988 3,434, 211 3.681, 532 3, 789,907 3,748,997 6,685, 225 6,233, 763 6,591, 665 6,641,421 6,728,437 28.31 27.16 26.86 26.29 26. 92 3, 061,122 3,351, 755 3,397, 925 3,402,471 3,329,980 12.96 14.64 13.84 13.47 13. 32 3, 370, 568 2, 640, 664 2, 952, 617 3, 004,141 3,157, 971 14.27 11.53 12.03 11. 89 12.64 253, 535 241, 344 241.123 234, 809 240,476 94 94 95 96 96 3,827,479 3, 789,898 3,902, 911 4,364, 275 4,159,106 6, 737, 364 6, 554, 763 6, 688, 570 8,474, 9*38 7, 612, 357 26.40 25.94 25.71 29.13 27.45 3,272, 849 3, 340,776 3,320,174 3,672,305 3,502,069 12.83 13.22 12.76 12.62 12. 63 3,236,123 2,988, 503 3,150,750 4, 582, 280 3,898, 858 12.68 11. 83 12.11 15.75 14.06 228,392 225, 484 217, 646 220,353 211,430 1889. Feb. 26 . . . May 1 3 . . . July 12... Sept. 30 . . Dec. 1 1 . . . 96 98 102 104 105 4, 210, 619 4,129, 743 4, 262, 053 4,433, 299 4,285,277 . 7,830, 630 7, 338,116 7, 356, 738 7, 390, 267 7, 058,474 27.90 26.65 25.89 25.00 24.71 3,583,377 3,852,493 3, 634,247 3, 387,152 3, 483,691 12.77 13.99 12.77 11. 46 12.19 4,043, 241 3,283,684 3,528, 845 3,808,964 3,399,343 14.40 11.93 12.42 12.89 11.90 204, 012 201,939 193,646 194,151 175,440 Feb. 28 . . . May 1 7 . . . July 18... Oct. 2 Dec. 19 . . . 107 108 110 112 113 4,364, 478 4,559, 745 3,888,424 5,127,124 4,821, 664 7,384, 234 7,767,257 8,567, 845 8,665,176 8,137,749 25.38 25. 55 26.28 25. 35 25.32 3,252,139 3, 652, 805 3, 689, 922 3, 925,154 4,178,148 11.18 12.02 11.32 11.48 13.00 3,956, 771. 3, 942,458 4, 701, 987 4, 575, 269 3, 793,410 13. 60 12.97 14.43 13. 39 11.80 175,324 171, 994 175, 935 164.753 166,191 1891. Feb. 2 6 . . . May 4 . . . . July 9 Sept. 25 . . Dec.2.... 1892. 115 116 117 121 122 4, 870,435 4,867, 413 4,945,034 5, 211, 836, 5,050,442 8,552, 098 8,078, 827 8,368, 584 9,103,332 8,947,957 26.34 24.90 25.38 26.20 26.58 4,157,438 4, 553,151 4,424,507 4,351,771 4,273, 584 12.84 14.03 13.42 12.52 12.69 4,225, 817 3,355, 717 3, 774,134 4,562,235 4,482, 701 13.01 10. 34 11.42 13.13 13.32 168, 843 169, 959 169, 943 189, 326 191,672 Mar.l.... May 1 7 . . . July 12... Sept. 30 . . 123 123 125 126 5,197,888 5,339,549 5,525,165 5,866,785 9,553,079 10,024, 832 10,051,025 10,642,067 27.57 28.16 27.29 27.21 4,043, 320 4,579,861 4, 539, 597 4, 555,393 11.67 12.87 12.32 11.65 5,312. 345 5,254,667 5,306, 624 5,880,534 15.33 14.76 14.41 15.04 197,414 190,304 204, 804 206,140 REPORT OF THE COMPTROLLER OF THE CURRENCY. 169 TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES AND CENTRAL RESERVE CITIES, THE NUMBER OF BANKS IN OPERATION, ETC.—Continued. [Division No. 4.—ISTorth Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana. Texas, Arkansas, Kentucky, and Tennessee, excluding reserve cities.] Dates. A m o u n t of ^To. reserve reof quired, 15 banks per cent of n e t deposits. Reserve held. Amount. Ratio. Classification of reserve held. Lawful money (6 . per cent). With rest? rve agents (9 per cent). Amount. Five per cent redempRatio. tion fund. Per ct. $6, 396. 960 15.69 6, 543! 434 15.85 6, 475. 724 15. 81 6, 589, 276 15.77 6, 968! 159 15.46 $6,086,199 5, 555, 724 5, 075. 892 3,887. 690 5,170, 209 Per ct. 14.92 13. 46 12. 39 9.30 11.48 $771, 001 791,585 802.359 798, 216 802, 505 Amount. Ratio. 1883. Mar. 1 3 . . . May 1 . . . . J u n e 22 . . Oct. 2 . . . . Dec. 3 1 . . . 164 169 175 191 197 $6,116, 981 $13, 254,160 6,190, 892 12, 890, 743 6,143, 331 12. 353, 975 6, 267, 968 10J 275,182 6,761,077 12, 940,873 Per ct. 32.50 31.23 30.16 24.59 28.71 1884. Mar. 1.... Apr. 24... J u n e 20 . . Sept. 30 . . Dec. 2 0 . . . 201 204 208 216 220 6, 816, 062 6, 874, 431 6,449,163 6, 042, 864 6,491, 216 13, 644, 672 12,348, 517 11, 364,136 11,168, 565 14, 560, 732 30.03 26.95 26.43 27.72 33.67 6, 6, 6, 6, 7, 883, 358 803,162 826, 409 334. 635 007, 016 15.15 14.84 15.88 15.72 16.19 5, 979, 687 4,762, 025 3, 782, 006. 4, 087, 448 6, 806, 367 13.16 10.39 8.80 10.15 15.73 781,627 783, 330 755, 721 746,482 747, 349 226 229 232 232 235 6, 669, 784 6, 483, 495 6, 442, 590 6, 388, 330 7,142, 914 15, 098, 820 13, 065, 477 12, 404, 357 11, 874, 404 15,834,011 33.96 30.23 28.88 27. 88 33. 25 7, 964, 807 7, 503, 398 7,159, 393 6, 826. 279 8,001, 784 17.91 17. 50 16.67 16.03 16.80 6, 385,184 4, 765, 739 4,532,187 4, 322, 638 7,141,940 14.36 11. 03 10.55 10.15 15.00 748, 829 736, 340 712, 777 725,487 690,287 240 245 251 251 253 7, 583, 952 7, 493, 063 7, 301, 499 7. 520, 093 8, 863, 744 16, 308, 788 15, 598, 452 13, 956, 929 13, 597, 692 21, 096, 851 32.26 31.23 28. 67 27.12 35.70 8, 523, 863 8.108,413 7. 650, 399 7. 565,181 9, 659, 357 16.86 16.23 15.72 15. 09 16.35 7,114,169 6, 863,196 5, 699, 062 5, 474, 973 10, 914, 071 14.07 13.74 11.71 10.92 18.47 670, 756 626, 843 607, 468 557,538 523,423 Mar. 4 . . . . May 1 3 . . . Anjj.l-... Oct. 5 Dec. 7 . . . . 265 279 290 296 301 9,951, 682 9, 403, 413 9, 227,123 9,183, 326 9, 671,142 22,483, 366 18. 093, 369 15, 981, 046 16, 341, 034 18, 963, 708 33.89 28.86 25. 98 26.69 29.41 10,365,065 9, 623, 458 8, 924, 833 9, 728, 521 10, 375, 365 15.62 15.35 14. 51 15.89 16.10 11, 607, 039 7, 965, 043 6, 555, 611 6,100,154 8, 072, 837 17.50 12,71 10.66 9.96 12.52 511,262 504,868 500, 602 512, 359 515, 506 1888. Feb. 14 . . . Apr. 30 . . . J u n e 30 . . Oct. 4 Dec. 12 . . . 305 307 313 318 321 10, 241, 743 9, 775,180 9, 683, 437 9, 543, 970 10,201, 944 21,109, 205 17, 945, 763 17. 925, 943 16, 380, 467 19, 622,145 30. 92 27. 54 27. 77 25.74 28. 85 11, 9, 9, 9. 9, 16. 47 15.22 14. 56 15.02 14.34 353,121 522, 773 027, 614 338. 284 382,165 13.70 11.54 12.44 9.96 13.79 507,774 506, 670 500,475 484, 872 487,612 324 339 346 364 374 11,495, 298 11,100,507 11,035, 036 11, 566, 487 12, 872, 658 26, 22, 20, 20, 24, 797, 309 345, 576 836, 091 014,741 737, 345 34.97 30. 20 28.32 25. 96 28.83 12,195, 333 15.91 11,482, 281 15.52 11, 054:, 098 15. 03 10,771,020 13.97 11,49.>,248 13.39 14,122,446 10, 385, 059 9, 301, 242 8, 756, 707 12,731,317 18.42 14.03 12.64 11.36 14.84 479, 530 478, 236 480, 751 487,01.4 510,780 393 406 424 448 459 14,175, 895 13, 714, 057 13. 739, 545 13, 710,442 13, 510, 003 30,120,238 23,414, 837 21, 907, 965 22,104, 528 23,155, 918 31.87 25.61 23.92 24.18 25.71 14, 846. 750 12, 862. 873 12, 097, 302 12, 400, 753 13, 418, 057 15. 71 14. 07 13.21 13.57 14.90 14,753, 742 10,017,319 9, 268,102 9,139, 407 9,173, 073 15. 61 10.96 10.12 10.00 10.18 519,746 534, 645 542, 560 564, 368 564, 788 467 477 479 478 481 13, 804, 224 13, 436, 294 12, 738,158 12, 036, 628 12,811,339 26,336, 774 22, 473, 091 21,332, 300 20, 885, 765 26, i,36, 093 28.62 25.09 25.12 26. 03 30.48 14,779, 794 12, 991,105 12, 403, 539 11, 898, 504 13, 54f), 523 16.06 14.50 14.61 14.83 15. 86 10, 970,713 8, 891, 629 8, 344, 235 8, 394, 262 11, 877, 366 11.92 9.93 9.83 10. 46 13.91 586, 267 590, 357 584, 526 592, 999 613, 204 489 496 500 500 13,763,268 13, 622, 353 13, 467, 057 13, 626, 945 30, 781, 096 28,184, 556 27, 206, 231 24, 577,400 33.55 31. 03 30.30 27.05 15,204,417 14, 563, 496 13,784, 480 12, 747, 780 16.57 16. 04 15.35 14.03 14, 949, 816 12, 974, 795 12,765, 346 11,175, 373 16.2? 14. 29 14.22 12. 30 626, 863 646, 265 656,405 654,247 1885. Mar. 1 0 . . . May 6 . . . . July 1 . . . . Oct. 1 . . . . Dec. 24 . . . 1886. Mar. 1 . . . . June 3 . . . Ang.27... Oct. 7 . . . . . Dec. 28 . . . 1887. 248, 310 916, 320 397. 854 557, 311 752, 368 9, 7, 8, 6, 9, 1889. Feb. 26 . . . May 1 3 . . . J u l y 12... Sept. 3 0 . . . Dec. 11 . . . 1890. Feb. 28 . . . May 11... JulV 1 8 . . . Oct. 2 . . . . Dec. 19 . . . 1891. Feb. 26 . . . Mav 4 J uly 9 . . . Sept. 2 5 . . . Dec. 2 1892. Mar. 1 May 1 7 . . . July 12 . . . Sept. 30... 170 REPORT OF THE COMPTROLLER OF THE CURRENCY. T A B L E SHOWING, B Y GEOGRAPHICAL D I V I S I O N S , T H E R E S E R V E C I T I E S AND CENTRAL R E S E R V E C I T I E S , T H E N U M B E R OF BANKS I N OPERATION, ETC.—Continued. [Division No. 5.—Ohio, Indiana, Illinois, Michigan, and Wisconsin, excluding reserve cities.] Reserve held. Dates. No. of banks Amount. Ratio. Classification of reserve held. Lawful money (6 per cent). Amount. 1883. With reserve Five agents (9 per cent). per cent redempRatio. Amount. Ratio. tion fund. Mar. 13. May 1 . . J u n e 22. Oct. 2 . . . Dec. 31 . Per ct. Per ct. 530 $19, 081, 960 $36, 507,835 27.17 $16,401,301 12. 89 $18,281,364 536 18,892,570 34,009,157 27.00 17,003,342 13.50 15,146, 613 15,394,648 544 18, 680, 838 32, 831, 223 25.14 15, 616, 973 12.54 16, 347, 350 554 18, 563, 099 34, 705, 552 28. 04 16,503, 659 13.34 16,142,536 554 17, 961,597 34,790, 630 29.05 16,853, 215 14.07 1884. Mar. 7 . . Apr. 24. J u n e 20. Sept. 30. Dec. 20 . 558 560 569 574 572 17, 808, 933 17,392,601 16, 640, 340 15,784,480 '15,040, 275 34, 832, 320 32, 294, 594 30, 968, 073 31, 545, 494 33,478, 235 29. 34 27.81 29.15 29. 98 33.39 16,461, 984 16, 913,978 16,186, 847 16,127, 236 15, 563, 364 13.87 14.59 14.59 15. 33 15.52 1885. Mar. 10. May 6 . . July 1 . . Oct.1 . . Dec. 24 . 567 568 567 570 570 15,800, 692 15,954,519 16,118, 869 16, 501,187 16, 497,191 36,876,186 35,963,168 36,162, 987 37,477,345 36,226,910 35.07 33.81 33.65 34.07 32.93 16,882, 609 17,117,106 15,936,895 17, 019, 462 16, 050, 698 1886. Mar. 1 . . June 3 . Aug. 27. Oct. 7 . . . Dec. 28 . 571 575 582 580 576 17,184, 663 17,452,850 18, 315, 951 18, 438,101 18, 828.474 38, 467, 958 36,682, 622 41, 364, 412 39, 891, 410 40, 251,058 33.57 31.53 33. 88 32.45 32.07 1887. Mar. 4 . . May 13. Aug. 1.. OctTs... Dec. 7 . . 582 584 594 598 600 19. 446, 236 20,082, 778 20, 814, 218 20, 570, 959 20, 237,953 42,186, 629 41, 866,938 44,475, 533 40, 983, 916 39,116, 212 Fob. 14 .. Apr. 30.. J u n e 30 . Oct. 4 . . . . Dec. 12 .. 603 606 609 611 615 20, 788,469 20, 795, 516 20, 756, 627 21, 297,373 21,150,669 Feb. 26 . May 33. J u l y 12. Sept. 30. Dec. 11 . 620 622 624 626 630 1890. Feb. 28 . May 17 . July 18. Oct. 2 . . . Dec. 19 . Per ct. 14.38 12. 03 12.36 13.21 13.48 $1,825,170 1, 859, 202 1,819,607 1, 854, 543 1, 794, 879 16, 636,811 13, 623,182 13, 081. 876 13, 764,179 16, 332, 719 14.01 11.75 11.79 13.08 16.29 1, 733, 525 1, 757, 434 1, 699, 350 1, 654, 079 1, 582,152 16.03 16.09 14.83 15.47 14.59 18, 475, 898 17, 336, 757 18, 738,134 18,934, 890 18, 653, 616 17.54 16. 3D 17.45 17. 21 16.96 1,517, 679 1, 509, 305 1, 487, 958 1,522,993 1,522,596 16, 692,494 17,849,509 17,118. 272 17, 974,624 18, 082, 937 14.57 15.34 14.02 14.62 14.41 20, 284, 810 17,426,446 22, 867, 315 20, 594, 220 20,974,170 17.78 14.98 18.73 16.75 16.71 1,490, 654 1,406, 667 1, 378, 825 1, 322, 566 1,193, 951 32.54 31.27 32.05 29.88 28.99 18, 037, 638 19,111,576 18, 401, 230 19,171, 016 18,425,529 13.91 14.27 13.26 13. 98 13.66 23, 012, 354 21, 673, 404 25, 021, 687 20,771, 852 19, 629,800 17.75 16.19 18.03 15.14 14.55 1,136, 637 1,081,958 1, 052, 616 1, 041, 048 1, 060, 883 40,918,158 39,175, 386 39, 806, 200 42, 224, 352 42, 096, 506 29.52 28.26 28.77 29. 74 20.85 18.290,041 18, 869, 677 17, 754, 453 •18, 466, 510 18, 089, 328 13.20 13.61 12.83 13. 01 12.83 21, 600, 663 19, 298, 656 21, 045, 051 22, 763, 433 23, 025,148 15.59 13.92 15.21 16.03 16.33 1,027, 454 1, 007, 053 1, 006, 696 994,409 982, 030 22,108,190 22, 532, 982 23,197, 384 23,355,251 23,037, 979 46,152, 837 45, 216, 707 48, 488, 996 47, 310,106 43,421,760 31.31 30.10 31.35 30.39 28.27 18,299,545 19, 984,145 20,064,249 19, 052,153 19, 053,439 12.42 13.30 12.97 12.24 12.41 ' 26, 888, 639 18.24 24, 287,408 16.17 27, 489, 594 17.78 27, 327, 970 17.55 23,439,190 15.26 964, 653 945,154 935,153 929,983 929,131 635 644 650 650 655 23, 999, 083 24,458, 347 25,234,240 25, 804, 618 25,120> 570 47, 348, 221 45,815,953 47, 608,327 48,563, 276 46,041,343 29.59 28.10 28.30 28. 23 27.49 19, 385,160 19, 214,280 19, 719, 230 20,149, 638 20, 682,244 12.12 11.78 11. 72 11.72 12.35 27,043,136 25, 672, 588 26, 955, 389 27,493, 759 24,449,070 16.90 15.74 16.02 15.98 14.60 919, 925 929, 085 933, 708 919, 879 910,029 1891. Feb. 26 .. May 4 . . July 9... Sept. 25. Dec. 2 ... 654 657 660 663 666 26, 052, 632 26, 750, 845 27,027, 984 28, 583, 963 28,159, 822 52, 449, 599 50, 936, 356 49, 363, 907 56, 669,154 52, 506, 985 30.20 28.56 27.40 29.74 27.97 21,751,135 22, 312. 368 22, 496, 481 23,177, 047 22,416, 277 12.52 12.51 12. 49 12.16 11.95 29, 785, 731 27, 709, 586 25, 973,487 32, 572, 518 29,173,153 17.15 15.54 14.41 17.06 15.54 912, 733 914,402 893,939 919,589 917, 555 1892. Mar. 1 . . . May 17. July 12. Sept. 30. 672 674 678 680 29,753,103 30, 056, 393 30, 626, 267 31.582, 801 60, 508,503 60,761,493 62,196,543 62, 336, 227 30.50 30.32 30.46 29.61 22,473, 202 23,505, 074 23, 899, 694 24, 987,436 11.33 11.73 11.71 11.87 37,105,516 36, 314,168 37,353, 557 36, 395,159 18. 71 18.12 18. 29 17.29 929, 785 942, 251 943,292 953, 632 ftEPO&T OF t H E COMPTROLLER OF TI*E CURRENCY. 1?1 TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES AND CENTRAL RESERVE CITIES, THE NUMBER OF BANKS IN OPERATION, ETC.—Continued. [Division No. 6.—Iowa, Minnesota, Missouri, Kansas, and Nebraska (Omaha transferred, to division No. 9, October 5, 1887; Kansas City and St. Joseph transferred to division No. 9, May 13, 1887), excluding reserve cities.] Reserve held. A i t i m m t O"P No. reserve reof quired, 15 banks per cent of n e t deposits. A.k. IULXJ Dates. L.LJJL KJ Classification of reserve held. KJJL Lawful money (6 per cent). Amount. With reserve Five agents (9 per cent). per cent redempRatio. Amount. Ratio. tion fund. Per ct. 26.88 26. 09 28.26 25.90 26.00 $6, 048, 070 6, 926, 476 6. 739, 738 l\ 240, 980 7, 756, 806 Per ct. 11.79 12.98 11.66 11.95 12. 55 $7,237,137 6, 496, 862 9,100. 816 7, 922, 362 7, 788, 201 Per ct. 14.11 12.17 15. 75 13. 08 12. 60 $500, 858 505,298 490,974 521), 585 523, 099 334, 768 385,106 682, 585 305,178 874, 452 26.16 26.85 26.21 26.70 27.55 7. 297, 414 8, 463, 096 9, 366, 090 8,130, 878 7, 734, 917 11. 69 13. 07 14.72 13. 32 13. 42 8, 526, 486 8, 406, 680 6, 806, 044 7, 677, 976 7, 642, 884 13. 66 12.98 10. 69 12.58 13. 26 510,868 515, 330 510, 451 494, 324 496, 651 Amount. 1883. $13, 786,065 13,928, 636 16 331,528 15] 692, 927 16, 068,106 Ratio. 207 216 227 257 270 $7, 692, 300 8, 007, 308 8, 669, 01G 9, 087, 854 9, 269, 439 287 298 309 329 329 9,365,609 9, 712,119 9, 546, 762 9,158, 231 8, 643,147 Mar. 1 0 . . . May 6 July 1 . . . . Oct: 1 . . . . Dec. 2 4 . . . 1886. 336 340 346 359 363 9, 202,146 9, 643, 675 10,105, 532 10, 526, 279 10, 511, 542 18, 064,151 19,112, 996 20,186, 373 19,159, 727 19,128,184 29.45 29. 73 29. 96 27.30 27.30 8, 442, 274 8, 803, 813 8, 868, 049 8, 896, 805 9, 309, 286 13. 76 13. 69 13.16 12.68 13.28 9,131, 647 9, 806, 853 10, 827, 681 9, 768, 829 9, 315,121 14.89 15.25 16. 07 13.92 13.29 490, 230 502. 330 490, 643 494, 093 503, 777 Mar. 1 June 3 . . . Aug. 2 7 . . . Oct.: 7 Dec. 28 . . . 1887. 377 391 404 406 418 10, 872, 988 12, 203, 046 12,349,300 12, 377, 733 12, 811,418 19,373, 302 23, 020, 432 24, 464, 927 21, 931, 867 23, 073, 002 26.73 28. 30 29.72 26.58 26.99 8, 838,140 11, 204, 906 10,229, 545 11, 019, 342 11, 752, 951 12.19 13. 77 12.43 13. 35 13. 76 1.0, 043, 854 11, 339, 220 13, 747, 424 10, 422, 066 10,848,107 13.86 13.94 16.70 12.63 12. 70 491, 308 476, 306 487, 953 490, 459 451, 944 Mar. 4 . . . . May 1 3 . . . Aug.l.... Oct. 5 Dec.7.... 1888. Feb. 14 . . . Ai)r. 3 0 . . . J u n e 30 . . Oct. 4 Dec. 12 . . . 427 428 438 455 462 14,184. 873 13, 368,183 12, 435, 313 12, 258, 402 11, 440, 774 27, 26, 25, 22, 20, 752, 343 723, 837 056, 695 367, 310 023, 408 29. 35 29.99 30.22 27.37 26.25 11, 860, 366 12.54 12, 010, 369 13.48 10, 458. 690 12.62 10,275, 484 12.57 9, 831,122 .12.89 15, 441, 590 14, 290, 849 14,175,769 11,660, 633 9, 753, 960 16.33 16.04 17.10 14.27 12.79 450, 387 422, 619 422, 236 431,193 438, 326 460 468 471 476 480 11, 915. 472 12,191,175 12,423, 419 12, 646, 574 12,102, 288 24,167, 651 24, 217, 974 25, 363, 996 23. 898, 707 20i 169, 802 30.42 29.80 30.62 28.35 25.00 10, 418, 840 10, 851, 912 10, 547,101 10,011,697 10,197, 298 13.12 13.35 12.73 11.87 12.64 13, 308, 830 12, 924, 379 14, 367, 358 13,436, 321 9,520, 418 16.75 15.90 17. 35 15.94 11.80 439, 981 441,683 449, 537 450,689 452,086 487 490 497 503 516 12,420, 637 12, 585. 262 12, 925, 286 13, 015,631 13,209,115 22, 812, 398 23, 606, 074 24, 386,425 23, 831, 360 23,663,534 27.55 28.13 28.30 27.46 26.87 10,019.197 10,460,419 10, 374, 952 9, 352, 807 10, 728, 448 12.10 12. 47 12. 04 10.78 12.18 12, 336, 471 12, 687, 257 13, 553, 976 14, 013,997 12,464, 371 14.90 15.12 15.73 16.15 14.15 456, 730 458,398 457, 497 404; 556 470,715 522 531 522 529 526 14, 037,495 14, 672, 003 11, 820, 328 12,650, 537 12, 020,926 26, 557, 782 28,417, 458 23, 587, 972 25, 045, 606 21, 890, 313 28.38 29.05 29.93 29.70 27.32 10,142. 221 10,129,389 8, 660, 227 9, 037, 219 9,113,606 10.84 10.36 10. 99 10. 72 11.37 15, 945, 079 17,803, 225 14, 559, 610 15, 542, 676 12,303,422 17.04 18.20 18.48 18.43 15.36 470, 481 484, 844 462,949 465, 711 473, 285 525 526 525 534 540 12,152,020 12, 807, 895 12, 271, 889 12, 709, 609 12, 764, 884 24,124. 918 24, 484, 899 21, 873, 399 24,150, 965 23,452,871 29.78 28.68 26.74 28.53 27.56 9,109, 692 9,383,476 9, 271,189 8, 975, 641 9, 081,102 11.24 10.99 11.33 10. 59 10.67 14, 548, 746 14, 634, 337 12,140, 446 14, 702, 969 13, 887,498 17.96 17.14 14.84 17. 35 16.32 466,480 467, 086 461,764 472, 355 484, 271 540 539 541 543 14,021, 847 14,113,353 14, 379, 925 14, 520,103 28, 524, 563 28, 839, 733 29, 371, 591 29.190, 867 30.51 30.65 30.64 30.16 9, 292, 759 9, 659. 618 9, 901, 204 9, 940,427 9.94 10.27 10. 33 10.27 18, 18, 18, 18, 20.05 19.87 19.81 19.29 486,470 483,291 483. 538 481, 533 Mar. 1 3 . . . May 1 . . . . J u n e 22.. . Oct.2 Dec. 31 . . . 1884. Mar. 241.... Apr. ... J u n e 20 . . Sept. 3 0 . . . Dec. 20 . . . 1885. 1889. Feb. 26 . . . May 1 3 . . . July 12... Sept. 3 0 . . . Dec. 11 . . . 1890. Feb. 28 . . . May 17... July 18*.. oct: 2 D e c 19 . . . 1891. Feb. 2 6 . . . May 4 July 9 1 . . . Sept. 2 5 . . . Dec. 2 . . . . 1892. Mar. 1 . . . . May 1 7 . . . July 12... Sept. 3 0 . . . 16, 17, 16, 16, 15, 745, 696, 986, 768, 334 824 849 907 * St. Paul and Minneapolis transferred to division No. 9 from July 18, 1890. fDes Moines transferred to division No. 9 from July 9,1891. 172 REPORT OF THE COMPTROLLER OF THE CURRENCY. T A B L E SHOWING, B Y GEOGRAPHICAL D I V I S I O N S , T H E R E S E R V E CITIES AND CENTRAL R E S E R V E C I T I E S , T H E N U M B E R OF BANKS I N OPERATION, ETC.—Continued. [Division No. 7.—Colorado, Nevada, California, and Oregon, excluding reserve cities.] Dates. Amount of No. reserve reof quired, 15 banks percent of net deposits. Amount. I Ratio. 1883. Mar. 13.. May 1 June 22 . Oct. 2 Dec. 3 1 . . $2, 866, 867 2, 890, 642 2, 984, 656 3, 206,008 3, 241,147 Classification of reserve held. Reserve held. Lawful money (6 per cent). With reserve pjve agents (9 per cent). p e r c e n t • — ition redempRatio. Amount. Ratio, fund. Amount. Per ct. Per ct $6,081, 382 31. 86 $3,594,598 j 18.83 5,487,840 1-28.51 3,133,202 16.28 6,355,648 j 31.97 3,203,157 16.11 5, 839, 540 I 27.35 3, 098,370 14. 51 6,447, 703 3,558,027 16.50 Per ct. $2, 374, 534 12.44 $112,250 2,240,755 j 11.64 113,883 3,033,366 15.26 119,125 2, 619, 307 12.27 121, 863 2,763,101 12.80 126, 575 1884. Mar. 7 . . . Apr. 24.. June 20 . Sept. 30 . Dec. 20.. 3,009,761 3, 028, 531 2, 748, 621 2,660, 548 2,560,777 5,626, 902 ! 28.08 5, 791, 614 j 28.68 5,492,659 I 29.97 5,798, 359 32. 5, 524,939 32.36 3,217,300 16.05 3, 207,082 15.88 3,664,908 i 20.00 3,346,017 | 18.86 3,180, 260 18. 63 2,287, 585 11.46 2,462, 898. | 12. 20 1,717,837 ! 9.37 ' 2,341,155 | 13.20 2,239,427 13.12 Mar. 10.. May 6 Julyl... Oct.l . . . Dec. 24 . . 2, 663,353 2, 683,438 2,721,004 2,920,866 I 3,189,900 5,978, 551 5,699, 692 5, 697, 478 6, 635,005 7, 038, 522 33.67 31.86 31.41 34.07 33.10 3,450, 529 3,336,534 2,966,876 3,260,554 3,732,709 2,419,586 2, 256,198 2, 626,141 3,264,417 3,192, 688 13.63 12.61 14.48 16.76 15.01 Mar.l... J u n e 2 .. Aug. 27 . Oct. 7 . . . Dec. 28 .. 3, 329, 624 j 3,598,749 | 3, 863, 286 3, 971, 589 4, 329,961 7, 529, 982 7,672, 897 8, 288, 012 7, 896, 910 9,221,771 33.92 31.98 32.18 29.83 31.95 3, 947,515 17. 78 4,034,927 16.82 4,096,387 j 15.91 4,104, 213 j 15.50 5, 276, 940 18. 28 3,465,653 j 3,527,877 4,075,587 I 3,672,731 i 3, 828, 979 15.61 I 14.70 ! 15.82 j 13.87 13.26 i 116, 814 110, 093 116, 038 119, 966 115, 853 14. 45 15,46 14.55 15.13 12.44 122,008 121, 634 109, 914 111, 187 105, 252 1885. I 19.43 i 18.65 I 16.36 I 16.74 ! 17.55 108,436 i 106, 960 I 104,461 j 110,034 i 113,125 1887. Mar. 4 . . May 13.. A u g . l .. Oct 5 . . . Dec. 1... 4, 674,444 5, 276,435 5, 719, 220 6, 330,097 6, 291, 325 10, 289,333 33.02 11,540,554 32.81 11, 799, 916 j 30. 95 13,784,605 32.66 12,882,230 I 30.71 5,672, 302 5,990, 889 6,134, 729 7, 276,703 7,540,479 18.20 17.03 16.09 17.24 17.98 4,504,028 5,438,612 5,548, 590 6, 385, 396 5, 218, 778 ( i { I 113,003 611,053 116,507 122,506 122, 973 Feb. 14.. Apr. 30.. June 30 . Oct. 4 . r . Dec. 12.. 1889. Feb. 26.. May 13.. July 12 . Sept, 30 . Dee, 11. 1890. Feb. 28.. May 17.. July 18.. Oct. 2 ... Dec. 19 .. 1891. Feb. 26 .. May 4 . . . July 9 . . . Sept. 25 . Dec. 2 . . . 1892. Mar.l... May 17.. July 12.. Sept. 30 . 6,149, 731 6, 042,609 | 5, 924,963 6,036,317 5,935, 642 12,446, 902 11,396, 749 11, 634, 948 12,503, 944 11, 717, 229 30.36 28.29 29.46 31.07 29.61 7,457,014 6, 557, 882 6, 338,182 6,338,048 6, 789, 265 18.19 16.28 16.05 16.05 17.16 4,861,593 •! 11.86 4,708,066 11.69 5,171,147 ! 13.09 6, 034, 811 15,00 6 03 811 4, 800,478 12.13 128,295 130, 801 125, 619 131,085 127,486 102 102 107 109 6, 215,145 ! 13,833,283 &, 418, 048 i 13,674,031 6,469,509 !| 14,125,458 15,136, 846 6,871,682 6, 822, 808 13, 759, 793 33.39 31.96 32.75 33. 04 30.25 7,408, 611 7,084, 911 7,124, 899 6, 826, 811 7,133,411 17.88 16.56 16.52 14.90 15.16 6,297, 797 15.20 6,459, 741 15.10 6,870,159 15.93 8,181,249 17.86 6,489,222 j 14.27 126,875 129,379 130,400 128, 786 137,160 111 114 118 120 123 6, 985, 597 7, 280, 605 7,407, 945 7, 973, 078 7, 220, 289 14, 398, 961 14,457, 219 14,436,316 15, 402,798 12,965,412 30.92 29.79 29.23 28.98 26.94 7,499, 805 7,148.956 6,844, 093 7,188,163 7,689, 352 16.10 14.73 13.85 13.52 15.97 6, 756,913 7,166, 979 7, 450,124 8,070,144 5,126, 361 14.51 14.77 15.08 15.18 10.65' 142, 243 141, 284 142,099 144,491 149, 699 126 127 125 125 126 7,002,973 7,441, 637 7,253, 722 7,410, 697 7, 230,867 13,974,031 14, 707,475 13,418,378 14, 066,112 13,262,170 29.93 29.65 29.75 28.47 27. 51 7,904, 310 8,210, 360 7,670, 382 7,112, 951 7, 049, 001 16.93 16. 55 15.86 14.40 14.62 5,916, 675 6,335, 458 5, 590,972 6, 782, 556 6,038,406 12.67 12.77 11.56 13.73 12.53 153,046 161, 657 157, 024 170, 605 174, 763 127 129 129 130 7, 512. 533 7.708. 768 7,811,979 8,061,098 16,105, 600 16, 803,460 16, 013, 909 17,134, 307 32.16 32. 70 30.75 31.88 7,878, 254 7,998, 033 7,837, 323 7,956, 810 15.73 15.56 15.05 14.81 8,045, 713 8,621,376 7, 992, 300 8, 998,901 16.06 J6.78 15.35 16.75 181, 633 184,051 184, 286 178,596 REPORT OF THE COMPTROLLER OF THE CURRENCY. 173 T A B L E SHOWING, B Y GEOGRAPHICAL D I V I S I O N S , T H E R E S E R V E C I T I E S AND CENTRAL R E S E R V E C I T I E S , T H E N U M B E R O F BANKS I N OPERATION, ETC.—Continued. [Division No. 8.—Arizona/North Dakota. South Dakota, Idaho, Montana, Xew Mexico, Utah, Washington, Wyoming, Oklahoma, and Indian Territory.] Dates. A m o u n t of Ko. reserve reof quired, 15 banks per cent of net deposits. Reserve held. Classification of reserve held. Lawful money (6 Amount. Ratio. W i t h reserve Five agents (9 per cent). per cent redempRatio. Amount. Ratio. tion fund. per cent). Amount. 1883. Mar. 1 3 . . . May 1 June 22... Oct. 2 Dec. 31 . . . Per ct. 54 55 60 70 74 $1,857, 414 2, 072, 505 2,234, 510 2, 362, 081 2, 280, 534 $3,171,854 3,196, 343 3, 787,433 3,453,105 3, 746,766 25.62 23.13 25.42 21.93 24.64 Per ct. $1, 944, 893 15.71 1, 946, 749 14.09 1,946, 924 13.07 2,000, 374 12.70 2,450,974 16.12 Per ct. $1,118,433 1,139, 293 1, 726,181 1, 331,438 1,177,548 9.03 8.25 11. 59 8.46 7.75 $108,528 110, 301 114, 328 121, 293 118, 244 1884. Mar. 7 . . . . Apr. 2 4 . . . June 20... Sept. 30... Dec. 20 . . . 78 84 87 87 86 2,206,520 2,256, 846 . 2,194, 632 2,162,177 2,193,537 3,406, *74 3,584. 760 3,402! 695 3, 263^ 041 3, 581,574 23.16 23.83 . 23. 26 22 64 24^49 2, 332,136 2,421, 783 2. 377, 061 2, 077, 673 2, 357,403 15. 85 16.10 16. 25 14.41 16.12 955, 815 1,038, 881 899, 284 1, 006, 754 1,114, 624 6.50 6.90 6.15 7.40 7.62 118, 523 124,096 126, 350 118, 614 109, 547 88 89 2,132, 223 2,124, 749 2,317, 930 2,492, 432 2,633, 914 3, 703, 384 3, 587, 997 3, 939, 596 4, 420, 239 4. 881, 391 26.05 25. 33 25.48 26. 60 27.80 2, 525, 590 2, 387, 887 2, 354, 579 2, 600, 691 S, 16G, 234 17.77 16.86 15.24 15.65 18.03 1, 068, 609 7.52 7.69 1, 089,153. 1, 473, 460 9.53 1, 704, 733 10. 26 9.08 1,594,293 109,185 110,957 111, 557 114,815 120, 864 107 109 113 114 111 2,643, 604 2,745, 657 2,615,777 2, 675, 213 2,852,550 4, 716, 817 4, 688,187 5,173, 789 5,149, 624 5,258,108 26.86 25.61 29.67 28.87 27. 65 3, 057, 426 17.41 3, 091, 659 16.89 3,135, 269 17. 98 3, 360, 609 18.79 3,560, 333 18.70 1, 535,412 1,471,191 1, 913,185 1, 669, 970 1, 577, 946 8.74 8.04 10.97 9.36 8.25 123, 977 125,339 125,335 119, 045 119,829 121 125 128 128 130 3, 019, 568 3, 258, 730 3, 501, 233 3, 630, 696 3, 787, 621 4,961,765 4, 782, 756 5, 626, 017 5, 730, 545 6, 290, 797 24. 65 22.02 24.13 23. 68 24.91 3.418, 756 3, 357, 718 3,492, 525 3, 715,196 4, 255, 601 16.98 15.46 14.96 15. 35 16.85 1, 421, 601 1,303,545 2, 010, 740 1, 888, 860 1, 908, 315 7.06 6.00 8.57 7.80 7.56 121,408 121, 493 122. 752 126, 489 126, 881 131 130 130 132 131 3, 779,467 3, 824,435 3,972,189 4,461, 321 4,552, 960 5, 791,312 5, 935, 373 6, 292, 050 7, 758,182 7,853,939 22.98 23.28 23. 76 26.08 25. 88 3,874,586 3, 887, 931 3. 874,153 4, 241,947 4, 599, 390 15. 38 15.25 14.63 14.26 15.15 1, 787, 096 1, 919, 790 2, 289, 537 3, 386, 255 3,124, 805 7.09 7.53 8.65 11. 39 10.29 129,630 127, 652 128,360 129, 980 129,744 133 138 144 151 152 4, 782,884 5, 050,912 5, 311, 411 5,928, 263 6, 001,950 7, 894, 311 8,813, 862 9,191, 020 10, 555, 490 9,742,120 24.76 26.18 25.96 26.71 24.35 4, 617,893 4, 829,576 4,849,185 4, 778, 295 5,648,649 14.48 14.34 13. 69 12.09 24.12 3,143, 660 9.86 3, 847, 235 11.43 4, 206, 523 11.88 5, 633, 344 14.25 3, 942, 902 9.85 132, 758 137, 051 135, 312 143, 851 150, 569 Dec. 19 . . . 159 166 174 188 198 6, 072,253 6, 366, 800 6, 567,112 7, 023,128 6,766,459 10,551, 559 10,108,136 10, 843, 892 11,958,439 10,652,105 26.07 23. 81 24.77 25.54 23.61 5,958, 841 5, 760.189 5,911.199 6,157. 780 6,667, 228 14^72 1&57 13. 50 1^.15 14.78 4,440, 876 4,18S, 093 4,760, 076 5, 614, 817 3, 793,564 10.77 9.87 10.87 11.99 8.41 151,842 159, 854 172,617 185, 842 191,313 1891. Feb. 26 . . . Mav 4 July 9 . . . . Sept. 2 5 . . . Dec.2 . . . . 203 210 21ft 224 226 6, 598,191 6,678,807 6, 689, 079 6, 894,169 7,229,641 11, 364, 659 11,160, 782 10, 878, 920 12,043, 371 13,344, 276 25.84 25.07 24.40 26.20 27.69 6, 748,404 6,452,075 6,181, 605 6, 036, 951 6,841,534 15.34 14.49 13. 86 13.13 14.19 4,414, 375 4, 502, 293 4, 488,131 5, 790, 699 6, 279,127 10.04 10.11 10.06 12.60 13.03 201,880 206, 414 209,184 215,721 223, 615 1892. Mar.l.... May 1 7 . . . July 12... Sept. 3 0 . . . 227 234 237 240 7, 230, 593 7, 411, 511 7, 873, 909 8, 260, 517 13,164.123 27.31 13, 815, 371 27.96 14,409, 298 27.45 15, 860, 840 28.80 6, 819,040 7,279,974 7,035,463 7,179,884 14.15 14.73 13.40 13.04 6,120, 218 6, 306,427 7,143,404 8, 446, 721 12.70 12.76 13. 61 15.34 224, 865 228, 970 230,431 234, 235 1885 Mar. 10... May6._.. July 1 . . . . 92 Oct'.l 94 Dec, 24 . . . 107 1886. Mar. 1 . . . . June 3 Aug. 27... Oct. 7 Dec. 28 . . . 1887. Mar. 4 . . . . May 13. ... Aug. 1 Oct. 5 Dec. 7 1888. Feb. 14 . . . Apr. 3 0 . . . June 30... Oct. 4 Dec. 12 . . . 1889 Feb. 26 . . . May 1 3 . . . JulVl2... Sept. 30... Dec. 11 . . . 1890 Feb. 28 . . . May 17... July 18*.. Oct!'2t * Oklahoma included from July 18,1890. t Indian Territory included from Oct. 2,1890, 174 REPORT OF THE COMPTROLLER OF THE CURRENCY. TABLE SHOWING, BY GEOGRAPHICAL DIVISIONS, THE RESERVE CITIES, THE NUMBER OF BANKS IN OPERATION, ETC.—Continued. [Division !N"o. 9.—Reserve cities—Boston, Albany, Philadelphia, Pittsburg, Baltimore, Washington, New Orleans, Louisville, Cincinnati, Cleveland, Chicago, Detroit, Milwaukee, St. Louis, and San Francisco.] Dates. Amount of 3*o. reserve reof quired, 25 banks per cent of net deposits. Reserve held. Amount. 1883. Classification of reserve held. Lawful money (12J W i t h reserA^e Five per cent). agents fl2^ per cent). per cent Pvatio. redempRatio. tion fund. Amount. Amount. Ratio. Per ct. Perct. Per ct. 29.00 $49, 661, 801 16.04 $36, 592, 761 11.82 34, 090, 027 10. 84 54,129, 582 17. 21 29.18 40, 821, 353 12. 29 59, 515, 283 17.93 31.29 56, 425, 507 17. 42 40, 798, 990 12. 60 31.08 38, 944,133 11.64 63,273,391 18.91 31.54 Mar. 1 3 . . . May 1 . . . . J une 22 . . Oct. 2 Dec. 31 . . . 1884. 198 199 200 200 202 $77. 419, 867 78, 644. 546 83,005,153 80,961,109 83, 646,150 $89,796,888 . 91, 787, 852 103,900, 990 100, 638,235 105, 535, 835 Mar. 7 . . . . Apr. 2 4 . . . J u n e 20 . . Sept. 30... Dec. 20 . . . 1885. 202 202 204 203 203 85, 297, 591 84, 514, 593 75, 708, 561 76, 984, 342 78,739,375 111, 255, 631 104,165, 958 91,103, 676 99, 022, 475 103, 685,153 32.61 30.81 30.08 32.16 32.92 61, 563, 512 62,160,250 59, 623, 045 63, 578, 992 66,011, 790 18.04 18.39 19.69 20.65 20.96 46,437, 308 38, 827,197 28,403, 338 32. 340, 900 34, 672, 781 13. 61 11. 49 9.38 10. 50 11.01 3, 254, 811 3,178,511 3, 077, 293 3.102, 583 3,000, 582 Mar. 1 0 . . . May 6 Julyl.... Oct. 1 Dec. 24 . . . 1886. 202 202 202 203 202 83,462, 537 86, 628, 766 89,118,594 91,118.639 91,151,185 118,522,306 123, 962, 577 123, 423, 045 122,186,751 117,043,6081 35.50 35. 77 34.62 33.52 32.11 74,383,404 80,109, 098 79,828,139 76,907, 632 74, 674,927 22.28 23.12 22.39 21.10 20.48 41,172,443 40, 912, 049 40, 661, 809 42, 402, 600 39, 551, 479 12. 33 11. 81 11.41 11. 63 10. 88 2, 966, 459 2, 941, 430 2, 933, 097 2, 876, 510 2, 817, 202 Mar.l.... June 3 . . . Aug. 27... ' Oct. 7 Dec. 28 . . . 1887 Mar. 4 . . . . May 13* . . Aug. I t . . . Oct. 5 Dec. 7 1888. 205 212 215 217 218 94, 96, 93, 95, 94, 506, 304 810, 237 802, 959 363, 719 305,102 124,034, 337 122, 784,157 110,584,456 113, 951, 757 112, 821, 235 32.81 31.71 29.42 29. 88 29.91 77,446,733 80, 738, 933 68, 232, 506 70, 489,135 70,633, 785 20.49 20. 85 18.19 18.48 18.72 43, 904, 247 39, 567, 423 40,072, 689 41,271,509 40, 371,942 11.61 10.22 10.68 10.82 10.70 2, 683. 357 2, 477, 801 2, 279, 261 2,191,113 1, 815, 508 220 210 221 223 223 99,518,660 86, 270, 869 83, 889,166 84, 621,164 84,031,602 124,447,510 106,121, 301 98, 389, 974 100, 714, 633 97,132, 024 31.26 30.75 29.32 29.75 28.90 73, 631, 556 64,496,954 59, 504, 534 59,524,848 58, 086, 213 18.50 18.69 17.73 17.59 17.28 49, 217, 253 40,210, 839 37,672, 349 39, 993, 709 37, 957, 340 12. 36 11.65 11.23 11.82 11. 29 1,598.701 1,413; 508 1, 213, 090 1,196,076 1, 088, 471 Feb. 14 . . . Apr. 3 0 . . . J u n e 30 . . Oct. 4 Dec. 12 . . . 1889. 222 221 224 224 223 88,281,912 88, 841, 975 93,119, 904 96, 217, 307 92, 796, 351 107, 045, 750 105, 914, 479 113, 399, 111 116, 864, 734 110,791, 225 30. 31 29.80 30. 44 30. 36 29.85 61, 380, 008 61,211,749 66,493,977 64, 447, 941 62, 971, 624 17.38 17.22 17.85 16.75 16.96 44, 647, 555 43, 718, 493 45, 949, 662 51, 508| 038 47, 013, 696 12. 63 12. 30 12. 34 13. 38 12. 67 1,018,187 984, 2M 955,472 908,755 805, 905 Feb. 2 6 . . . May 13 . . . July 12... Sept. 30... Dec. 11 . . . 1890. 223 224 228 228 229 100,132, 732 103, 814, 057 106, 953, 841 104, 752,1579 99,449, 783 129,178, 251 32. 25 132,810, 931 .31.98 131, 366,426 30.71 121, 912,119 29.10 112,113, 813 28.18 66, 585, 765 72, 531, 581 71, 388, 356 64, 592, 017 63, 330, 689 16.62 17.47 16.69 15.42 15.92 61, 860, 599 59, 619, 008 59, 343, 308 56, 712, 959 48,173,145 15.44 14. 36 13.87 13.54, 12.09 731,887 660, J>42 634, 762 607,143 609,979 Feb. 28 . . . May 1 7 . . . J u l y 18 + . . Oct. 2 Dec. 19 . . . 1891. 234 239 259 259 258 102, 211, 212 106, 243, 919 115, 477, 384 114,438, 382 104,320, 461 119, 560, 033 122,780, 265 131. 308,097 129,777,284 120,929, 702 29.24 28. 89 28. 43 28. 35 28.98 65, 270, 448 66, 575, 944 71,778,457 68, 071, 517 69, 599, 015 15.96 15.67 15.54 14.87 16.68 53, 684, 545 55, 566, 943 58, 806,133 60,999, 210 50, 638, 370 13.13 13.08 12. 73 13.33 12.14 605, 000 637,378 723,507 706, 557 692,317 Feb. 26 . . . May 4 July9§... Sept. 2 5 . . . Dec. 2 1892. Mar. 1 May 1 7 . . . J u l y 12... Sept. 3 0 . . . 260 262 265 205 264 109,081, 971 112, 226, 065 110, 503, 938 112, 977, 749 112,935, 945 131, 659, 897 136, 955, 966 134,147, 401 138, 786, 632 142, 314, 957 30.17 30. 50 30. 35 30. 71 31.50 74, 395, 302 78, 363, 336 78,122, 409 76, 990, 726 76, 766, 567 17.05 17.46 17.67 17.04 16.99 56, 569, 349 57, 889, 288 55, 317,148 61, 005, 875 64, 710, 249 12.96 12.90 12.51 13.50 14,32 695, 246 703,312 707,844 790, on 838,141 261 262 262 263 124, 370, 130,145, l'*3, 586, 129, 825, 177,149,110 184, 027, 948 178, 591, 989 156. 098, 942 35.61 35.35 33.42 30. 06 84, 522, 051 97, 255. 972 96, 347, 405 82,164, 838 16.99 18.68 18.04 15.82 91, 85, 81, 72, 18.44 16.49 15.21 14.04 909,196 946, 466 990, 046 1, 009, 695 037 842 733 359 717, 863 825, 510 254, 538 924, 409 $3, 542, 326 3, 568, 243 3, 564, 354 3,413,838 3, 320, 311 * Kansas City and St. Joseph included from May 13,1887, and Chicago and St. Louis transferred to division No. 10. t Omaha included from August 1,1887. t Minneapolis, St. Paul, and Brooklyn included from July 18,189Qf for FRASER §Dea Moines included from July 9, 1891. Digitized REPORT OF THE COMPTROLLER OF THE CURRENCY. 175 TABLE SHOWING, B Y GEOGRAPHICAL D I V I S I O N S , T H E CENTRAL R E S E R V E C I T I E S , T H E N U M B E R OP BANKS I N OPERATION, ETC.—Continued. [Division No. 10.—Central reserve cities—New York, Chicago, and St. Louis.] Chicago. New York City. Amount Amount Amount of reserve of reserve Ratio of reserve Eatio No. of required, No. of required, No. of required, of of bank«. 25 per cent reserve b a n k s . 25 p e r cent reserve banks. 25 per cent ol net deheld. of net deof net deheld. posits. posits. posits. Dates. 1883. Mar. 13 . Mayl... June 22. Oct. 2 . . . Dec. 31 . . 1884. $62, 437, 901 63, 422, 340 69, 809,610 66, 735, 374 69, 509, 209 75, 373, 069 70,540,863 57, 948, 702 63, 737, 684 68, 335, 552 28.94 I 20. c; 29.82 35. 63 38. 29 Mar. 10 . May 0... Julyl... Oct. 1 . . . Dec. 24.. 1886. 73,191,705 74,436,136 78,181,211 78, 214, 626 75, 516, 839 40.12 41.48 ! 42.47 ! 36.98 32.76 I Mar. 1 June 3 Aug. 2 7 . . . . Oct. 7 Dec. 28 1887. Mar. 4 May 13 Aug.l Oct. 5 Dec.7 1888. Feb. 14 .. Apr. 30 . J u n e 30 . Oct. 4 . . . Dec. 12.. 80, 887, 727 74,187, 977 70, 386, 879 70,697, 561 73,607,025 33.28 ! 30. 28 J 27.46 ! 27. 24 29. 89 78, 607, 422 74, 921, 637 73,497,514 7.1, 084, 776 72, 379, 059 28. 70 27. 64 28.11 28.18 27.18 I 18 '$16, 993, 940 18 I 16,579,934 18 16, 161.735 18 ! 15, 537, 512 80, 277, 202 79,168, 388 84, 608. 091 85, 539, 988 82, 639, 532 30. 29 29. 93 30. 34 28.16 29.12 18 18 19 19 19 16, 17. 17! 17, 16, Feb. 26 May 13 J u l y 12 Sept. 30 Dec. 11 1890. 91, 90, 89, 84, 79, 618 748 522 699 706 28. 72 28. 73 27. 08 25.10 26. 99 Feb. 28 . May 17. J u l y 18. Oct. 2 . . Dec. 19 . 84, 259, 377 80, 585, 344 81, 702, 359 83,147, 968 75,113, 249 Feb. 26.. May 4 . . . July 9... Sept. 25 . Dec. 2... 45 Eatio of held. I Per ct. Per ct. Per ct. 23. 59 25. 48 28.81 26. 53 27. 58 Mar. 7 . . Apr. 24 . J u n e 20 . Sept. 30 . Dec. 20-. 1885. 1892. Mar.l May 17 July 12 Sept. 30 St. Louis. ! 30. 41 33.14 30. 53 28. 80 $2, 280, 864 2, 710, 600 2, 574, 297 1,999,375 36. 40 31. 89 26.44 29.79 806 500 506 756 945 31. 68 29. 75 31. 37 30. 24 30. 88 2, 202, 808 2,177,175 2,217,845 1, 970,308 2, 020, 493 34.05 40.11 42.10 27.07 28.90 19 19 19 20 20 16, 813, 643 1^, 564, 211 19,411,765 19,682,820 18, 500,455 33. 60 35. 50 31. 79 31.69 30. 29 2, 013, 392 1,885,147 2, 812,114 2,995,249 2, 979, 311 42.12 46.75 40.95 26.71 24. 80 26.17 26. 39 27. 05 27. 81 28.11 20 20 19 19 19 19,020,602 21,248,980 21, 034, 078 20, 721, 496 18, 398, 815 30.47 31.01 29.09 29.98 31.42 5, 670, 384 6, 494, 906 6,800, 814 6,545,181 5, 679, 210 28.57 25.03 24.42 21.35 24.28 84, 503, 622 81,835.203 82, 571, 595 81, 940, 346 88, 258, 830 28.91 26. 96 29.93 26. 26 28.69 20 19, 713, 708 20 23,991, 723 20 22, 943,151 21 23, 216,492 21 22,112,475 32.77 33. 88 31.02 33. 62 31.53 6,048, 537 6, 248, 857 5, 913, 094 6, 065,187 5,878, 877 24.49 24.40 23. 78 23. 83 27.32 109, 948, 706 109,335,717 106,122,173 97, 967, 550 29.31 29. 23 29. 36 26. 39 22 24,4243. 854 22 27. 847, 903 22 28. 594,133 23 26. 634, 476 33.45 33. 01 29. 77 28. 64 6, 701,065 6, 961, 804 6, 868. 505 7, 307, 038 28.34 28.36 23.61 21.07 j j .1 069, 257, 801, 536, 476, 167, 822, 961, 332, 056, 176 REPORT OF THE COMPTROLLER OF THE CURRENCY. AVERAGE WEEKLY DEPOSITS, CIRCULATION, AND RESERVE OF THE NATIONAL BANKS OF NEW YORK CITY, AS REPORTED TO THE NEW YORK CLEARING HOUSE, FOR THE MONTHS GIVEN, IN THE YEARS 1886, 1887, 1888, 1889, 1890, 1891, AND 1892. Reserve. Liabilities. Week ended— Circulation. Net deposits. Total. Legal tenders. Total. Ratio to liabilities. I Per cent. $8, 059, 200 $283,366,700 $291,425,900 $61, 371, 600 $19,071,400 $80, 443, 000 4,1886 8,058,000 282,417, 800 290, 475, 800 63, 403. 700 16, 929, 300 80, 333, 000 11,1886 8,104,800 281,466, 500 289,571,300 63, 823, 900 15, 876, 700 79, 700, 600 18.1886 8,136,100 283,170, 900 291, 307, 000 66, 714, 600 15, 252, 200 81, 966, 800 25,1886 8,161, 800 282, 295, 800 290, 457. 600 64, 111, 700 14, 607, 700 78, 719,400 2,1886 ()ct. 9, 1886 ! 8,110,700 281,170, 758 289, 281, 458 65, 090, 900 13, 069, 500 78,160,400 Oct. 16,1886 j 8, 215, 900 295, 713, 900 303, 929, 800 65, 028, 600 13,133,100 78,161,700 8, 246, 400 283, 693, 500 291, 939, 900 65, 688, 400 12,803,800 78,472,200 Oct. 23, Sept. Sept, Sept. Sept. Oct. Oct. 30,1886 I 8, 234, 900 284, 522, 500 292, 757, 400 66,188,100! 13,177,200 79, 365, 300 27. 6C 27.66 27.52 28.14 27.10 27.02 25.72 26. 88 27.11 Sept. Sept, Sept. Sept. Oct. Oct. Oct. ()ct. Oct. Nov. Nov. 3,1887 i 10,1887 j 17,1887 j 24,1887 1,1887 8,1887 15,1887 22,1887 29,1887 5.1887 12.1887 8,112,000 8,115, 600 8,126, 000 8, 235, 300 8, 202, 500 8,186, 800 8,199,100 8,216, 200 8,115,100 8, 046,100 8,033, 700 281, 345,100 279, 915, 600 279, 288, 500 278, 573, 000 281, 647, 300 285,703, 700 289,861,500 289, 542, 800 289, 601, 900 289, 954,700 288,289, 700 289,457,100 288,031,200 287,414,500 286, 808,300 289,849,800 293,890, 500 298,060, 600 297, 759,000 297, 717,000 298, 000, 800 296, 323,400 59,175, 700! 58, 851, 300 59, 052, 900 60, 635, 900! 64,619,2001 64, 317, 500 64, 663,100 64, 918, 700 66, 005, 800 64, 639, 800 63,791, 600 18, 786,100 17, 769,000 16, 389,600 16, 259,600 15, 767, 500 16, 269, 700 16,885,400 16, 735, 800 17, 542.400 17, 810, 700 18, 070,800 77, 961, 800 76, 620, 300 75, 442, 500 76, 895, 500 80, 386, 700 80,587,200 81, 548, 500 81, 654, 500 83, 548, 200 82, 450, 500 81,862,400 26. 93 26. 60 26. 25 26.81 27.73 27.42 27.36 27.42 28.06 27. 67 27.63 Sept. Sept. Sept, Sept. Sept, Oct. Oct. Oct. Oct. Nov. 1.1888 8,1888 15.1888 22,1888 29,1888 6,1888 13,1888 20,1888 27.1888 3.1888 7, 770, 400 7, 850,400 7,892, 900 7, 927, 700 6, 836,400 6, 515, 300 6, 516, 700 6, 488, 700 6,484,500 6, 303, 200 341,477,200 336, 495, 600 312, 995, 600 333. 959, 700 336, 016, 200 349, 506, 800 337, 755,000 343, 953, 000 343, 813, 200 343, 587,300 349, 247, 600 344, 346, 000 320, 888, 500 341, 887, 400 342, 852, 600 356, 022,100 344. 271, 700 350,441, 700 350, 297, 700 349,950, 500 73,344,200 69, 844, 500 69, 723,700 70,054,900 74,146,500 74,411, 300 73, 901, 500 81, 457, 700 81, 212,600 80,140, 200 30, 867, 300 104,031,500 28, 797,600 98, 642,100 28,238,900 97,962,600 26, 320, 600 96, 375. 500 24,994,100 89,140, 600 23, 204, 300 97,615, 600 22, 017, 800 95,919, 300 21,386,800 102, 844, 500 21, 329, 800 102, 542,400 21, 700, 800 101, 841, 000 29. 79 28.65 30.53 28.02 28. 92 27.42 27.86 29.35 29.27 29.10 Sept. 7.1889 Sept, 14.1889 Sept, 21,1889 Sept. 28,1889 5,1880 Oct. Oct. " 12,1889 Oct. 19,1889 Oct. 26.1889 Nov. 2,1889 Nov. 9.1889 3, 961, 900 3, 978,100 3, 931, 300 3, 945, 500 3, 957,100 3, 943,900 3, 893, 200 4, 037, 400 4, 053, 600 3,991, 200 345, 344,200 346, 601,000 342, 298, 800 340,542, 700 334, 991, 500 329,923, 400 328, 225, 600 325, 328,100 325, 635, 600 320,166, 700 349,306,100 350, 574,100 346,230,100 344, 488, 200 338,948, 600 333, 867, 300 332,118, 800 329, 365, 500 329, 669, 200 324,157, 900 65, 635.100 63, 824J 300 60, 894, 900 60, 375, 900 58,407, 200 59, 565, 900 62, 537, 900 62, 403, 200 62, 450, 000 61, 240, 500 31,687,500 30, 527,100 29,468,400 28, 933, 700 27, 257, 900 24, 873, 400 23, 570, 300 22. 715, 200 22, 748, 700 20,416, 800 97, 322, 600 94, 351, 400 90, 363,300 89, 809, 600 85, 665,100 84,439, 300 86,108, 200 85,118, 400 85,198, 700 81, 657, 300 27.86 26.91 26.10 25.93 25.27 25.29 25.93 25.84 25.84 25.19 6.1890 13.1890 20,1890 27,1890 4,1890 11,1890 Oct. 18,1890 Oct. 25.1890 Nov. 1,1890 Nov. 8.1890 3,690,700 3, 700,100 3, 585, 700 3, 479, 300 3, 505,000 3, 521, 300 3,518, 800 3, 497. 200 3, 500, 800 3,493, 500 309,128,200 304, 626, 200 309,181, 200 324, 335, 300 331, 436, 600 325, 794, 800 320, 667, 900 317, 395, 500 314, 709,700 309,975,100 312, 818, 900 308, 326, 300 312, 766, 900 327, 814, 600 334, 941, 600 329,316,100 324,186, 700 320,892, 700 318, 210, 500 313,468, 600 68, 678, 800 56, 963, 600 63,588,600 79, 205,500 80,839,400 73,148, 900 66,552,400 65,680,500 66, 088, 800 62, 360,900 19, 062, 800 19,146,500 17,403, 400 16,692, 300 15, 353, 900 14,436,700 14, 642, 500 15, 611, 800 16,334, 300 15, 517,400 87, 741, 600 76,110,100 80, 992,000 95,897, 800 96,193, 300 87, 585, 600 81,194,900 81, 292, 300 82, 423,100 77, 878, 300 28.05 24.68 25.90 29.25 28.72 26.60 25.05 25.33 25. 90 24.84 Sept. Sept, Sept. Sept, Oct. Oct. Sept. Sept. Sept. Sept. Oct. Oct. Oct. Oct. Oct. Nov. 5.1891 12.1891 19,1891 26,1891 3,1891 10,1891 17,1891 24,1891 31.1891 7.1891 5,459,400 5, 527,000 5, 501, 200! 5, 567, 700 5, 619, 000 5,629,100 5, 576, 500 5, 573, 400 5, 592, 600 5, 587, 400 332,378, 600 . 337,838,000 332,578,000! 338,105, 000 335,317, 300 340,818, 500 333,004,000 338,571, 700 331, 492,100 337, 111, 100 332, 294,100 337, 923, 200 339, 667, 000 345, 243,500 341,023,000 346,596,400 343, 572, 700 349,165, 300| 345,411, 300 350, 998, 700 49, 293,200 51, 750, 700 53, 065, 900 52, 824, 200 54, 783, 400 59, 731, 800 65, 532, 000 69, 327, 700 71,771,500 71, 728,600 44, 509, 800 41, 488, 500 39, 540, 900 35, 676, 300 32, 879, 900, 30, 905,700 29,610, 500 27,347,300 26,779,400 23,665,800 93, 803, 000 93, 239, 200 92, 611, 800 88, 500,500 87, 663, 300 90,637.500 95,142;500 96,675,000 98, 550, 900 95, 394,40f0 27.7.7 27.58 27.17 26.14 26.00 26.82 27.56 27. 89 28. 22 27.18 Sept. Sept. Sept. Sept. Oct. Oct. Oct. Oct. Oct. Nov. 3.1892 10.1892 17,1892 24,1892 1,1892 8,1892 15,1892 22,1892 29,1892 5,1892 5,424, 200 5,530,800 5, 601, 000 5, 642, 600 5, 672, 000 5,573,900 5,569,100 5, 608,800 5, 633, 700 5,650, 800 419, 587,400 414, 929,500 408,312,700 399, 038,400 395,234, 300 390,012, 300 384,724, 200 378, 739, 600 374.072,300 371, 530, 500 67,699,700 66,210,100 65, 742, 400 63, 667, 200 62, 208, 200 62,137, 500 62, 030, 800 61,205,200 62, 313, 900 62, 274, 600 45,381.700 113,081,400 44.185, 60$ 110,395,700 43, 884, lOOj109,626,500 43, 760, 700]107,427, 900 43, 225. 300i105,433, 50C 39, 862, 800 102, 000, 30C 37, 053, 900 99, 084, 700 38, 529. 900 99, 735,100 36, 526, 000 98, 839, 900 34, 685, 500 96,960,100 26.61 26.26 26.49 26.55 26.30 25.78 25,39 25.95 26.03 25.71 425,011,600 420,460, 300 413,913,700 404, 681,000 400,906,300 395, 586, 200 390, 293, 300 384, 348, 400 379, 706, 000 377,181, 300] REPORT OF THE COMPTROLLER OF THE CURRENCY. 177 TABLE SHOWING THE MOVEMENT OF THE RESERVE OF THE NATIONAL BANKS IN NEW YORK CITY DURING OCTOBER FOR THE LAST SIXTEEN YEARS. Ratio of reserve to— Specie. Week ended - October 6,1877 October 13,1877 October 20,1877 October 27,1877 October 5,1878 October 12,1878 October 19,1878 October 26,1878 October 4,1879 October 11,1879 October 18,1879 October 25,1879 October 2,1880 October 9,1880 October 16,1880 October 23,1880 October 30,1880 October 1,1881 October 8,1881 October 15,1881 October 22,1881 October 29,1881 October 7,1882 October 14,1882 October 21,1882 October 28,1882 October 6,1883 October 13,1883 October 20,1883 October 27,1883 October 4,1884 October 11,1884 October 18,1884 October 25,1884 October 3,1885 October 10,1885 October 17,1885 October 24,1885 October 30,1885 October 2,1886 October 9,1886 October 16,1886 October 23,1886 October 30,1886 October 1,1887 '. October 8,1887 October 15,1887 October 22,1887 October 29,1887 October 6,1888 October 13,1888 October 20,1888 October 27,1888 October 5,1889 October 12,1889 October 19,1889 October 26,1889 October 4,1890 October 11,1890 October 18,1890 October 25,1890 October 3,1891 October 10,1891 October 17,1891 October 24,1891 October 31,1891 October 1,1892 October 8,1892 October 15,1892 October 22,1892 October 29,1892 9647 , 12 $14, 665, 600 14,726. 500 14, 087, 400 15, 209, 000 14,995,800 12,184, 600 13,531,400 17,384,200 18,979,600 20, 901,800 24, 686, 500 25, 636,000 59,823,700 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, 200 47, 016, 000 48, 281,000 49,518, 200 48, 374,200 51, 586, 700 50, 894,000 47, 262, 900 46, 372, 800 67. 470,600 68, 922,500 67, 579, 400 67, 638, 000 92, 351, 600 93, 642, 500 91, 945, 300 87,309,100 84, 954. 600 64, 111, 700 65,723, 800 65, 228, 600 65, 668,400 66,195,100 64, 619,200 64, 317, 500 64,663.100 64, 918, 700 60, 005, 800 74, 411, 300 73,901, 500 81,457, 700 81,212.600 58,407,200 59, 565, 900 62, 537, 900 62,403, 200 80, 8,"9,400 73,148, 900 66, 552,400 65,680. 500 54, 783, 400 59, 731, 800 65, 532, 000 69,327, 700 71, 771,500 62,208,200 62,137, 500 62, 030, 800 61, 205, 200 62,313,900 Legal tenders. Total. $36,168, 300 35,178,900 35,101,700 34, 367,800 38,304, 900 37, 685,100 36,576,000 35, 690, 500 34,368,000 32,820,300 29,305,200 26, 713. 900 11, 129,100 10,785,000 10,939,200 10,988,200 10,925, 000 12,150,400 12,153,800 12,452, 700 12,496, 500 12,947,900 18,384,500 18, 002, 700 17,023, 900 17, 204, 700 20,122,500 21,145, 800 20,719, 700 20, 617,600 25, 817,300 27,654,100 27, 875, 500 27, 354. 200 24, 516,600 23, 002,000 22, 221,100 21, 059, 800 21,874, 900 14, 607,700 13,209,100 13,133,100 12,803, 800 13,177, 200 15,767,500 16, 229, 700 16,885,400 16, 735, 500 17,542, 600 23, 204,300 22,017,800 21, 386,800 21, 329, 800 27,247,900 24, 873,400 23, 570,300 22, 715, 200 15, 353, 900 14,436,700 14, 642, 500 15, 611,800 32,879,900 30, 905, 700 29,610, 500 27, 347,300 26,779,400 43,225, 300 39, 862, 800 37, 053,900 38, 529, 900 36, 526, 000 $50, 833, 900 49,905,400 49,189,100 49,576,800 53,300, 700 49,869,700 50,107,400 53,074,700 53,347, 600 53,722,100 53, 991,700 52, 349,900 70,952, 800 73, 306, 300 73,699,800 71,876,400 72, 396,600 67,105, 000 65,441, 700 63,461, 000 66, 512,700 68,909,100 65,400,500 66,283,700 66,542,100 65,578,900 71,709, 200 72,039,800 67,982,600 66,990,400 93, 287, 900 96,576, 600 95,454, 900 94,992, 200 116,868, 200 116, 644,500 114,166, 400 108, 368, 900 106, 829, 500 78, 719, 400 78,932, 900 78, 361, 700 78,472,200 79, 372, 300 80, 386, 700 80. 587, 200 81,548,500 81, 654,500 82,848,400 97, 615,600 95,919,300 102, 844, 500 102, 542,400 85,655,100 84,439, 300 86,198,200 85,118,400 90,193, sue 87,585, 600 81,194,900 81, 292, 300 87,663, 300 90, 637, 500 95,142, 500 96, 675, 000 98,550, 900 105,433, 500 102,000, 300 99, 084, 700 99,735,100 98.839, 900 Circula- tion and Deposits. deposits. Per cent. Per cent. 27.0 29.5 26. 29.2 26.5 29.0 29.4 26. 8 28.4 25.7 27.0 24.4 27.3 24.7 28.5 25.8 25.8 23.3 25.9 23.4 26.1 23.5 25. 5 23.0 26.4 25.4 27.2 25.4 27.1 25.5 26.6 24.8 26.7 25.0 24.8 23.1 24.9 23.1 25.0 23.2 26.6 24.6 27.4 25.6 26.3 24.0 26.6 24.7 26.8 25.0 26.5 24.8 27.0 25.5 26.8 25.4 25.9 24.5 25.9 24.5 36,3 34.5 36,9 35.2 30, 5 34.8 36.3 34,6 37.1 36.0 37.0 35.8 36.0 34.9 34.5 33.5 34.1 33.0 27.9 27.1 27.7 27.0 27.4 26.7 27.7 26.9 27.9 27.1 28.5 27.7 28.2 27.4 28.1 27.3 28.2 27.4 28.6 27.8 27.9 27.4 28.4 27.8 29.9 29.3 29.8 29.3 25.6 25.6 25.3 26.2 25.3 26. 2 25.9 29.0 25.8 26.9 28.7 25.3 26.6 25.6 25.0 2«. 4 25.3 27.3 26.0 28.0 26.8 28.3 27.6 28.7 27.9 26.7 28.2 26.1 26. 3 25.5 25 8 26.3 25.4 26.4 25.9 26.0 178 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OF REPORTS OP EARNINGS AND DIVIDENDS FROM SEPTEMBER 1, 1891, States, reserve cities, and No. of Capital stock. banks. Territories. Maine New Hampshire. Vermont Massachusetts . . Boston Rhode Island Connecticut Division No. 1. 585 265 48 Division No. 2 . 784 Delaware Maryland Baltimore District of Columbia Washington. Virginia West Virginia . Division No. 3 . 27 28 29 30 31 32 33 34 35 Division No. 4. Capital and surplus. Gross earnings. 78 $11, 385,000. 00 $2,586, 271.29 $13,971, 271.29 $766, 871.51 7, 803,222. 25 532. 040.47 6, 205, 000. 00 1,598, 222.25 51 7, 210, 000.00 1,873, 600. 00 i), 083, 600. 00 520, 356. 35 50 207 45,517, 500.00 15,422, 925.39 60, 940,425. 39 3,581,537.82 56 51,800,000.00 14, 724, 914.86 66, 524, 914. 86 3,823,452.08 4, 682, 533.48 24, 959, 583.48 1,143,059. 83 59 20,277.050.00 7,550, 375.14 30, 824, 745.14 1, 722, 646. 25 84 23,274; 370. 00 New York . New York City . Albany Brooklyn New Jersey Pennsylvania . . . Philadelphia . Pittsburg North Carolina South Carolina Georgia Florida.. | Alabama j Mississippi Louisiana New Orleans. . Texas Arkansas Kentucky j Louisville j Tennessee Surplus. 165,668,920.00 32,984, 0C0.00 49, 300,000. 00 1,550,000. 00 1, 352,000. 00 14, 318, 350. 00 37,194, 890.00 22, 958, 000.00 10,900, 000. 00 48,438, 842.41 214,107, 762. 41 12,089,964.31 10,395,421. 79 39,413, 276. 73 1. 300, 000. 00 li 996, 000. 00 6,515,400.00 16,195, 607.73 13, 445, 803. 08 6, 414, 557. 03 43, 379,481. 79 88, 713,276. 73 2,850, 000.00 3,348; 000. 00 20, 833,750. 00 53, 390,497. 73 36, 403,803. 08 17,314, 557. 03 3,576, 540. 75 9,734, 557.23 296, 954. 46 282, 535. 42 1,790, 766.12 3, 968,762. 70 2, 651,517. 24 1,162, 215.07 170, 557, 300. 00 95, 676, 066.36 266, 233, 366. 36 23, 463, 848. 99 2,133, 975.00 3,542, 405. 00 13,243, 260. 00 252, 000. 00 2, 575, 000. 00 4,596, 300. 00 2, 561,000*. 00 961, 636.00 1,284, 724. 58 4,423, 900. 00 100, 000. 00 1,115,000.00 2,318,200 00 632, 839. 86 3,095, 611. 00 4,827, 129. 58 17, 667,160. 00 352, 000. 00 3, 690,000.00 6, 914,500. 00 3,193, 839. 86 193, 213. 08 421,384.30 995, 474. 83 27,662.91 298, 353. 26 623, 034. 76 313, 795. 33 2, 872, 918.47 156 28,903,940.00 | 10,836,300.44 39, 740, 240. 44 14 31 18 29 13 11 10 207 10 70 10 53 2, 501, 000. 00 1, 623. 000. 00 4, 341, 000. 00 1, 250, 000.00 4,214, 000.00 1,165, 000.00 810, 000. 00 3, 625, 000. 00 25,191, 650. 00 1, 600, 000. 00 10, 3G8,100. 00 4,901,500.00 9,480,000.00 3,220,159.26 232, 281. 69 2,408, 500.00 230, 777.96 5,551,530.06 448,952. 68 1,492, 000.00 210, 890. 29 5, 261,973. 26 373, 339. 38 1, 590, 550. 00 130,896.16 99,159.46 1, 015, 849. 08 5, 483,500. 00 637,850. 20 29,980,558. 65 2, 753,144.23 214, 628. 50 2, 060,000.00 838, 875.73 13,225, 569.13 6, 042. 800. 00 426, 760. 69 11, 722, 787.77 971, 987.85 719,159. 26 875, 500. 00 1, 210, 530.06 242,000. 00 1,047, 973.26 425, 550. 00 205, 849. 08 1, 858, 500.00 4, 788, 908. 65 460, 000. 00 2,857.469.13 1,141,300.00 2, 242,787.77 71, 070, 250. 00 18, 075, 527. 21 9,145,777.21 7,569,544.82 REPORT OF THE COMPTROLLER OF THE CURRENCY. 179 OF NATIONAL BANKS IN THE UNITED STATES. TO M A E C H 1, 1892. Katios. C h a r ged off. Net earnings. Dividends. jSTet earnings to capital and surplus. Dividends Losses a n d preminms. Expenses and taxes. $274,475.14 127, 805. 83 46, 035. 66 607, 329. 76 1,120, 909. 39 193, 695. 02 196, 014. 54 $208, 610. 59 162, 665. 04 • 164,839.04 1, 419, 318. 79 1,460,152. 80 237,130. 25 448,183.49 $283,785. 78 241, 569. 60 309. 481. 65 1, 554, 889. 27 1, 242. H89. 89 712, 234. 56 1, 078, 448. 22 $396,100. 00 239, 750. 00 255, 000. 00 1, 542,176. 40 1, 367, 785. 60 620,177. 25 871,025.00 Per cent. 2.03 3.10 3.41 2. 55 1.87 2.85 3.50 Per cent. 2.84 3.07 2.81 2.53 2.06 2.48 2.83 2, 566, 265. 34 4,100, 900. 00 5, 422, 798. 97 5, 292 014. 25 2.53 2.47 3.19 516, 030. 74 1, 499,112. 80 47, 762. 87 31,134. 97 228, 827. 90 692,532.65 457, 757. 01 114,165. 97 1, 427,180. 28 4, 294, 096.11 138,828.36 130, 385. 83 608, 868. 72 1,155,064.56 978, 365. 82 409, 900.49 1, 633, 329. 73 3, 941, 348. 32 110, 363. 23 121, 014. 62 953, 069. 50 2,121,165.49 1,215,394.41 638,148. 61 1, 323, 760. 73 2, 397, 345. 22 8(5, 000. 00 91. 988. 90 218, 390. 00 1, 341, 346.10 810, 075. 00 405, 000. 00 3.77 4.44 3.87 3.61 4.57 3.97 3.34 3.69 8.05 2.70 3.02 2.75 1.05 2.51 2.22 2.34 4.01 4.86 5.55 6.80 1.52 3. 61 3.53 3.72 3, 587, 324. 91 9,142, 690.17 10, 733, 833. 91 6, 673, 905. 95 4.03 2.51 3.91 13,403. 34 51, 742. 06 116,950.50 2, 991. 43 31,314.66 53.126. 38 28, 318.58 61.114. 56 169. 421. 91 307. 540. 63 12,423. 65 138, 690.84 252, 744. 36 102, 584. 94 118. 695.18 200. 220. 33 570, 983. 70 12, 247. 83 128, 347. 76 317,164. 02 182, 801. 81 101,186.82 185, 221. 84 421, 558. 30 10, 080. 00 71, 500. 00 188. 315. 00 136, 680. 00 3.83 4.15 3.23 3.48 3.48 4.59 5.73 3.27 3.84 2.39 2.86 1.94 2.72 4.28 4.74 5.23 3.18 4.00 2.78 4.10 5.34 297, 846.95 1, 044, 520. 89 1, 530, 550. 63 1,114, 541. 96 3.85 2.80 3.86 14, 362.16 36. 995. 87 90,481.90 23,517.79 46, 002. 18 15.132.07 6, 040. 37 258, 271. 21 645, 731.49 39, 351. 49 90, 810.49 92, 658. 76 182, 520. 76 92, 591. 77 114, 432. 32 227,112.70 101, 828. 56 186.111.48 68, 049. 30 49, 059. 69 307, 254.17 1,053, 653.14 69,217.92 290. 543. 42 157, 439. 29 397, 489. 37 125, 327. 76 79. 349. 77 131, 358. 08 85. 543. 94 141, 2*25. 72 47, 714. 79 44. 059. 40 72, 324.82 1,053, 759.60 106. 059. 09 457, 521. 82 176,662 64 391. 977. 72 105, 330. 00 239, 770. 00 142. 610. 00 41, 500. 00 153,235.00 53, 250. 00 31, 400. 00 134, 750. 00 1,159,374.39 64, 500. 00 389, 445. 00 150,560.00 353, 650. 00 3.89 3.17 2.37 5.73 2.68 3.00 4.34 1.32 3.51 5.15 3.46 2.92 3.34 3.27 9.59 2.57 2.78 2.91 3.35 3.09 2.46 3.87 3.13 2.94 2.59 3.02 4.21 14.77 3.29 3.32 3.64 4.57 3.88 3.72 4.60 4.03 3.76 3.19 3.73 1, 541, 876. 54 3,114, 783.13 2, 912, 885.15 3, 025, 374.39 3.27 3.39 Dividends to capital. to capital and surplus. Per cent. 3.48 3.86 3.54 3.39 2.64 3.06 3.74 _ >26 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 180 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OF REPORTS OF EARNINGS AND DIVIDENDS OF FROM SEPTEMBER 1, 1891, States, reserve cities, and Territories. Ohio Cincinnati.. Cleveland. Indiana Illinois Chicago Michigan Detroit Wisconsin Milwaukee. Division No. 5. Iowa Des Moines . Minnesota St. Paul Minneapolis. Missouri St. Louis Kansas City. St. Joseph... Kansas Nebraska Omaha Division No. 6 No. of banks. Capital stock. $7,055, 391.89 $33,445,491. 89 $2, 611, 1.48 2,470,000.00 11,370, 000.00 944, 250. 59 . 1,735,000.00 9, 785, 000.00 899, 884.14 4, 520,015.49 16,997,015.49 1, 579, 779. 29 5,901), 215,59 22,412. 215. 59 2,110, 655. 34 9,682, 500.00 30, 582, 500. 00 3,473, 096. 96 3,124, 687. 60 13, 944, 287. 60 1, 249, 456. 23 631. 000.00 5, 031, 000. 00 548, 553. 28 1,887, 750.14 8,142, 750.14 836, 711.92 475, 000. 00 1, 325, 000. 00 181, 193.82 715 115,553,700.00 37,481, 560. 71 153, 035, 260. 71 14,435,580. 05 147 4 53 5 9 11 4 148 130 9 12, 9t)5, 700. 00 700. 000. 00 4, 425, 000. 00 4, 800, 000. 00 4, 840, 000. 00 4, 685, 000.00 10, 700, 000. 00 7,800,000.00 2, 000, 000.00 13,492,100. 00 9, 498,100.00 4, 000,000.00 2, 875, 274.86 310, MO. 00 1, 093, 462. 05 1, 288, 000. 00 687, 50.J. 00 750, 724. 65 1, 51)1, 510. 00 960, 0.0.00 197, 000. 00 1, 882, 086.10 1, 679, 972. 43 529, 200. 00 15, 780, 274. 86 1,010, 30.). 00 5, 518, 462. 05 6,088, 000. 00 5, 527, 500. 00 5,435, 724. 65 12, 201, 50). 00 8,760, 000.00 2,197, 001). 00 15,374, 186.10 11,178, 072.43 4,529, 200. 00 1,376.040.34 890,046.71 ' 634. 556.45 513,662.51 482,56 J. 25 482. 046.45 1, 208, 637. 69 739, 918. 80 202, 710.41 1, 336,998. 40 1, 087,546. 61 5l>2,457. 64 1, 585 79, 845,200.00 13,755,020. 09 93,600,220.09 8,656,212 26 8, 640,000. 00 282.000. 00 5, 425, 000. 00 2, 500,000. 00 4, 365, 000. 00 200,000. 00 2,186, 996. 76 128, 000. 00 1,438. 772. 27 825,000. 00 822, 982. 66 33, 815.00 10, 826, 996. 76 1,372, 214. 22 410, 000. 00 4U. 094. 48 6, 863, 772. 27 687,810.80 268,512. 80 3, 325, 000. 00 473, 068.19 5,187, 982. 66 31, 715. 96 233, 815. 00 21,412,000. 00 5, 435,566.69 26,847,566.69 j 2,873,416.45 2, 315,000. 00 2,660, 000. 00 525, 000.00 4, 640,000.00 1,025, 000.00 200, 000.00 200, 000.00 2,750,000. 00 1,250,000.00 6, 780,000.00 471,324.11 629,000.00 181,500.00 675, 067.00 208, 894. 60 10, 000. 00 9, 500.00 896, 000. 00 232,400.00 1, 664,331. 65 2,786, 324.11 3,289, 000. 00 706, 500.00 5,315, 067. 00 1,233, 894. 60 210, 000. 00 209, 500. 00 3, 646,000. 00 1,482, 400.00 8,444, 331. 65 371, 775.94 292, 408. 28 116, 431.72 828, 058.62 145, 492. 34 25, 326. 31 22, 240. 95 286, 176. 63 136, 839.10 924, 415. 65 22, 345,000.00 4, 978, 017. 36 27, 323,017. 36 3,149,165. 54 Division No. 7. Gross earnings. $26, 390, 100.00 8,900, 000.00 8, 050, 000. 00 12, 477, 000.00 18, 512, 000. 00 20,900, 000.00 10,819, GOO. 00 4,400, 000.00 6, 255, 000.00 850, 000. 00 North Dakota South Dakota Idaho Montana New Mexico Oklahoma Indian Territory . Utah "Wyoming Washington Division No. 8. Capital and surplus. 212 13 10 100 182 21 97 8 69 3 Colorado Nevada California San Francisco. Oregon Arizona United States Surplus. 218 3,671 675, 356,310.00 234, 676,901. 27 910, 033, 211. 27 75,110, 650. 89 "REPORT OF THE COMPTROLLER OF THE CURRENCY. 181 NATIONAL BANKS IN THE UNITED STATES—Continued. TO MARCH 1, 1892. Charg edoff. Losses and premiums. Ratios. Expenses and Net earnings. taxes. Dividends. $250.485.75 136, 692. 54 53,486. 69 204, 562. 27 228, 235, 60 412,893.90 123,102.46 115,470. 35 74. 074.89 2, 500.00 $976,624.56 355, 783. 38 255, 051. 24 586,948.12 701, 841.32 1,197, 031.49 509,013. 57 308,619.48 341, 648.40 89,565.68 $1, 384,8S8.17 451, 774. 67 591.346. 21 788, 268. 90 1,180, 578.42 1, 863,171. 57 617,340. 20 124,463. 45 420, 988. 63 89,128.14 $941,11G. 09 1, 601, 504.45 5, 322,127. 24 7,511, 948. 36 4,726,214. 89 173,037. 81 3,276. 85 70, 267. 57 84, 873.25 73, 511.15 85,428. 01 128, 366.97 215, 087.16 57, 605.15 308, 246.06 88,173.07 104, 009. 55 533,170.11 39,951.09 199, 238. 65 128,146.76 146, 830. 91 193,105.74 745,742. 94 345, 237. 97 72, 692. 93 627, 952. 93 500, 312. 62 329, 553. 86 669, 832.42 45, 818. 77 365, 050. 23 300,642. 50 262, 218.19 203, 512. 70 334, 527. 78 179, 593. 67 72,442. 33 400, 799.41 499. 060.92 68, 894. 23 630, 364.64 35.000 -00 206, 700. 00 195,000.00 122,700. 00 185,779.79 296.000.00 239,750. 00 66, 000. 00 405, 913. 64 379, 725. 00 113, 000. 00 1,391,882.60 3,861, 936.51 3,402, 393.15 20, 875,933. 07 190,179. 22 2, 926. 06 115,793. 51 17, 494. 68 39, 621.42 357. 75 528, 584.11 16, 601. 81 254, 870. 92 62, 306. 09 161, 413.20 11, 771. 54 653.450. 89 20, 566. 61 317,146.37 188, 712. 03 272,033. 57 19,586. 67 391,800. 00 16,920.00 228, 000. 00 100,000. 00 184, 850. 00 13,115. 00 366, 372. 64 1, 035, 547. 67 1,471,496.14 934,685.00 65,228.16 36, 385. 85 7, 5(58. 37 121, 111. 37 10, 414. 76 4, 077. 04 117, 494.92 149, 632. 06 43,424. 00 354. 488. 91 69, 280.12 8, 011. 94 9 347 34 134, 496. 03 64,434.09 386, 941.78 189, 052.86 106, 390. 37 65, 439. 35 352, 458. 34 65,797. 46 13, 237. 33 12 893 61 81,139. 62 45, 249. 68 445, 525.52 105,100. 00 77,050. 00 77, 500. 00 180, 200. 00 58,250.00 8,000. 00 7 250 00 123, 500. 00 31, 750. 00 235,584.00 70,540. 98 27,155.33 91,948,35 330, 500.00 259,000.00 606, 230.00 762,040. 00 847,000. 00 490,744.92 146,000. 00 295,583.88 48,000.00 434,430.21 1, 337,551.19 1,377,184.14 904,184.00 11,787,503.64 28, 960,056.80 34,363,090.45 25, 546.853.51 Net earn- Dividends ings to to capital Dividends and capital and to capital. surplus. surplus. Per cent. 4.14 3.97 6.04 4.64 5.27 6.09 4.43 2.47 5.17 6.73 4.91 Per cent. Per cent. 2.81 3.57 2.91 3.71 2.65 3.22 3.57 4.86 3.40 4.62 2.77 4.05 3.52 4.54 2.90 3.32 3.63 4.73 3.62 5.65 , 3.09 4.09 4.24 4.54 6.77 4.94 4.74 3.74 2.74 2.05 3.30 2.61 4.46 1.52 3.64 6.04 5.02 4.62 ' 5.68 5.24 8.38 5.48 6.79 3.23 9.26 6.63 5.33 6.30 6 15 2.23 3.05 5.28 5.04 3.99 3.46 3.75 3.20 2.22 3.42 2.43 2.74 3.00 2.64 3.40 2.49 3.07 3.62 4.13 3.32 3.01 3.56 5.61 3.48 3.77 2.34 10.97 3.39 4.72 3.81 3 46 3.39 2.14 2.79 3.31 4.88 5.00 4.67 4.06 2.54 3.97 2.77 3.07 3.30 3.01 4.00 2.83 3.60 4.53 6.00 4.20 4.00 4.23 6.56 4.31 4.54 2.89 14.76 3.8S 5.68 4.00 3 63 4.49 2.54 3.47 4.05 3.78 2.81 3.78 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 182 REPORT OF THE COMPTROLLER OF THE CURRENCY ABSTRACT OF REPORTS OF EARNINGS AND DIVIDENDS FROM'MARCH 1, 1892, States, reserve cities, and No. of Capital stock. banks. Territories. Maine New Hampshire . Vermont Massachusetts ... Boston Rhode Island .... Connecticut Division No. 1. New York New York Albany .. City . Brooklyn. New Jersey . Pennsylvania Philadelphia . Pittsburg Division No. 4. Ohio Cincinnati . Cleveland .. Indiana Illinois Chicago Michigan Detroit Wisconsin Milwaukee.. Division No. 5 . Capital and surplus. Gross earnings. $761,269.84 514,222.28 525, 986. 61 3,442, 976.97 3,720,012.42 1,113.573.90 1, 663,483. 35 79 52 49 209 55 59 84 $11, 010, 000. 00 6,180, 000.00 7,160, 000. 00 45, 617. 500.00 52, 400,000. 00 20, 277, 050. 00 23,274, 370.00 $2, 678, 933.60 1, 844,465. 77 1, 872, 650.00 15, 457,450.41 14,047,399. 77 4,626, 048.14 7,545, 415.98 $13, 688,933.60 8, 024,465. 77 9,032, 650. 00 61, 074,950. 41 66,447, 399.77 24,903, 098.14 30, 819,785.98 587 165,918,920.00 48, 072, 363.67 213,991,283. 67 11, 741,525. 37 264 48 6 32,944,060.00 49, 600, 000.00 1, 550, 000. 00 1,352,000 00 14, 390. 350. 00 37, 512, 390. 00 22,450, 000. 00 10, 900, 000.00 10, 825, 664.59 40, 277, 592. 52 720, 000. 00 2,033, 000.00 6, 888, 456. 58 16, 500,005.44 13, 586, 303. 08 6,632,589. 33 170, 698,800.00 97,463,611. 54 2,133,985.00 3, 561, 700. 00 13, 243, 260.00 252, 000. 00 2, 575. 000. 00 4.496, 300. 00 2, 661, 000. 00 966, 060.12 1, 314,423. 26 4, 477, 900.00 100, 000.00 1,166, 000. 00 2, 421,900. 00 664,115.57 28,923,245.00 11,110,398.95 95 301 41 Division No. 2... Delaware Maryland Baltimore District of Columbia. Washington Virginia West Virginia Division No. 3. North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana New Orleans . Texas Arkansas Kentucky Louisville Tennessee Surplus. 156 | 43,769, 724.59 89, 877, 592. 52 2, 270, 000.00 3, 385, 000.00 21,278, 806. 58 54, 012, 395.44 36,036, 303.08 17, 532, 589. 33 3, 628, 802702~ 8, 830, 652. 08 289,452. 09 290,434.90 1, 822, 200. 92 4,008, 563. 56 2, 652, 625.52 1,348, 763.14 268,162,411. 54 22, 871,494. 23 3,100, 045.12 4. 876,123. 26 17,721,160. 00 352, 000. 00 3, 741, 000. 00 6, 918, 200.00 3, 325,115. 57 201,819.43 371, 254. 96 1, 012, 088.10 31,482.66 297,593. 60 636, 602. 71 289, 221. 95 40,033,643.95 2, 820, 063.41 256, 645. 75 738, 065.63 3, 239,065.63 310, 283. 72 887, 600.00 2, 510,600. 00 488, 627.13 1, 241,575. 65 5, 782,575. 65 251, 982. 96 259. 350. 00 1, 659,350. 00 388, 324.83 1,209, 975. 09 5,128, 975.09 170, 862. 80 428, 707. 58 1, 593,707. 58 127, 666. 29 238, 752.42 1, 048,752.42 660, 167.96 5, 534, 996.77 1,909, 167.96 4,850, 427. 31 30, 290,427. 31 2, 658,711. 30 170, 000. 00 935.19 2,082, 482, 000. 00 857, 609.84 2,844, 874. 70 13, 302,774.70 336, 300. 00 1, 014, 800. 00 5, 916, 816. 31 986, 702.28 2, 264, 915. 52 12, 744,370. 52 14 32 19 29 13 11 10 213 10 71 10 56 510 72,462.855.00 18, 370, 211.86 90,833, 066.86 7, 666,171.17 213 13 10 105 182 22 96 8 71 3 26,465 100.00 8,900 000. 00 8,059 000. 00 12, 582 000. 00 16, 606 000. 00 21, 900 000 00 10,634 000. 00 4,400 000 00 6,420 800. 00 850 000.00 7,172, 430. 23 2, 560. 000 00 1, 775.000.00 4, 580. 443. 86 6,102,114.41 10,004,500.00 3,152. 283. 29 648,000 00 1,880,216.01 475, 000. 00 33, 637,530. 23 11, 460, 000. 00 9,825,000.00 17,162,443. 86 22, 708,114. 41 31,904, 500. 00 13, 786. 283.29 5, 048, 000. 00 8, 301, 016.01 1,325,000.00 723 116. 807, 900. 00 38,349, 987.80 155,157,887.80 13, 943, 781. 21 REPORT OF THE COMPTROLLER OF THE CURRENCY. OF ^NATIONAL BANKS IN THE UNITED STATES—Continued. TO SEPTEMBER 1, 1892. Ratios. Charged off. : Losses and ! premiums. ! ; I | $143,511.15 122, 645.04 74, 302. 31 757,280.38 521, 402.79 305,120.82 257, 498.42 2,181,760.91 E x p e n s e s and taxes. Net earnings. Dividends. Net earn- Dividends ings to to capital Dividends capital and and to capital. surplus. surplus. $212, 474. 75 176, 985.69 167,058.69 1,183,526. 71 1, 570, 394.87 247, 515. 28 459, 515.33 $405, 283.94 214, 591. 55 284, 625. 61 1, 502,169. 88 1,628, 214.76 560, 937. 80 946,469.60 $400,437.50 240,150. 00 248. 500. 00 491, 672. 89 1,435, 500. 00 618,172. 25 865, 831. 50 Per cent. 2.96 2.67 3.15 2.46 2.45 2.25 3.08 Per cent. 2.93 2.99 2.75 0.80 2.16 2.48 2.81 Per cent. 3.64 3 89 3.47 1.08 2. 74 3.05 3.72 4,017, 471. 32 5, 542, 293.14 4, 300, 264.14 2.59 2.01 2.59 4.19 4.94 3. 43 6. 84 4.55 3.99 3.58 3.75 1 2 \\ 4 5 6 7 451,754.40 1, 231, 364. 20 49, 362.46 16, 656. 41 297, 972.53 759, 404.96 592,407. 70 166,599. 85 1,403, 202. 43 4.178, 680. 65 149, 711. 84 130,175. 21 609, 580. 32 1,421, 290. 31 1, 032.807.40 488, 818. 85 1, 773, 845.19 3,420, 607. 23 90, 377. 79 143,603. 28 914, 648. 07 1, 827, 868. 29 1, 027, 410.42 693, 344.44 1, 380, 755. 64 2,445, 220.00 53, 167.77 92, 490. 00 654, 737. 00 1,497,021.10 803, 025.00 409,000.00 4.05 3.81 3.98 4.24 4.30 3.38 2.85 3.95 3.15 2.73 2.34 2.73 3.08 2.77 2. 23 2.33 3, 565, 522. 51 9,414, 267. 01 9,891, 704. 71 7, 335,416.51 3.68 2.74 4.29 22, 903.13 29, 054. 53 147,264.45 4, 084. 00 23. 835. 20 56.487. 09 42,139. 73 60, 059. 27 155, 559.95 365, 504.25 10,115. 58 131,918. 70 254, 039. 92 88,159. 51 118, 857. 03 186, 640.48 499,319.40 17, 283.08 141,839. 70 326, 075. 70 138, 922, 71 101, 986.82 136, 926. 50 490, 792. 60 10,080. 00 72, 500. 00 180, 065. 00 85, 240. 00 3.83 3.83 2.82 4.91 3.79 4.71 4.18 3.29 2.81 2.77 2.86 1.94 2.60 2.56 4.78 3.84 3.71 4.00 2.82 4.00 3.20 325, 768.13 1, 065, 357.18 1, 428, 938.10 1, 077, 590. 92 3.57 2.69 3.73 14, 796. 86 23, 523. 71 97, 299.18 25, 2-il. 84 84,900. 62 29, 524. 46 21, 564.98 108, 393. 48 309, 719. 85 25, 822. 85 119,642.15 143, 284. 80 157, 990. 50 94. 997. 86 116,446.80 207. 961. 94 125,167. 81 181,525.97 68, 076. 07 45,551.96 313, 569.79 1, 049, 923. 41 72. 904. 82 287, 653. 27 127, 593. 69 497, 792.84 146, 851.03 170, 319. 21 183,366. 01 101, 583. 31 121. 898. 24 73, 262. 27 60, 549. 35 239. 033. 50 1, 299, 068. 04 72, 207. 52 450, 314. 42 65, 937. 82 330, 918.94 99,250. 00 78, 870.00 144,110. 00 46, 898. 95 134,110.00 43, 250. 00 26, 400. 00 123, 000. 00 1,105, 675. 00 46, 500. 00 453, 515. 00 117, 560. 00 322, 850. 00 4.53 6.78 3.17 6.12 2.38 4.59 5.77 4.32 4.29 3.47 3.39 1.11 2.60 3.06 3.14 2.49 2.83 2.61 2.71 2.52 2.22 3.65 2.23 3.41 1.99 2.53 3.97 4.86 3.18 3.35 3.42 3.71 3.26 3.39 4.35 2.91 4.34 2.40 3.08 3,189,166.23 3, 315, 309. 66 2,741, 988. 95 3.60 3.02 3.78 1,038,017.33 367, 778. 67 259, 815.18 595, 749. 39 870,100. 51 1, 283, 075. 44 433,463.55 341, 280. 86 358, 822. 86 108, 821.7C 1, 269, 671. 38 293. 971. 56 304. 932. 92 750, 064. 51 1,071,349.65 1, 679,485. 51 576, 538. 64 174, 804. 96 426, 426. 04 72,126.45 998,126. 64 317, 500. 00 254, 000. 00 626, 731. 23 755, 515. 00 822, 000. 00 474, 600. 00 146,000.00 286, 675. 00 46, 500.00 3.77 2.57 3.10 4.37 4.72 5.26 4.18 3.46 5.14 5.44 2.97 2.77 2.59 3.65 3.33 2.58 3.44 2.89 3.45 3.51 3.77 36 3.57 37 3.16 38 4.98 39 4.55 40 3.75 41 4.46 42 3.32 43 4.47 44 5.47 45 5, 656, 925.49 6,619,411. 62 4, 727, 647. 87 4.27 3.05 4.05 1,161, 695. 28 379,198. 91 165,372.44 35, 275.49 249, 532. 27 258, 369.31 232, 627. 07 187, 998. 28 56, 284. 46 86,302. 84 16, 483. 03 1,667,444.10 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 184 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OF REPORTS OF EARNINCS AND DIVIDENDS FROM MARCH 1, 1892, TO States, reserve cities, and No. of Capital stock. banks. Territories. Iowa Des Moines Minnesota p St. Paul ' Minneapolis Missouri St. Louis Kansas City St. Joseph Kansas Nebraska Omaha Division No. 6. 150 4 55 5 7 58 9 10 4 142 128 581 Colorado Nevada California San Francisco . Oregon Arizona i Division No. 7. 133 Utah Wyoming Washington Division No. 8. 700, 000.00 5, 348,730. 00 4, 800,000. 00 5,124, 000.00 4, 640,000.00 10, 700,000. 00 6. 800,000. 00 2,000, 000. 00 12, 892,100. 00 9, 343,100. 00 4,150, 000.00 225 Capital and surplus. Gross earnings. $2, 994, 369.28 $15, 969, 369. 28$1, 551, 509. 26 1,011, 500. 00 311, 500.00 87, 566. 80 1, 082, 773.12 6,431, 503.12 623,318.91 1, 298, 000. 00 6, 098, 000. 00 501,455. 68 639, 000. 00 5, 763, 000.00 374, 020.13 750, 668. 63 5,390, 668.63 452,917.91 1,617,000.00 12,317,000.00 1,123, 338.42 852,500. 00 7, 652,500. 00 683,128. 08 209,000.00 2,209,000.00 204, 864. 06 1, 648, 565. 74 14, 540, 665. 74 1, 328, 272.38 1, 660, 832.42 11, 003, 932. 42 1,103, 691.45 525, 500. 00 4, 675, 500. 00 475, 345.48 79,472, 930. 00 13, 589, 709.19 9,015, 000. 00 282, 000; 00 5,375,000. 00 2,500,000. 00 4,415,000.00 200, 000.00 North Dakota South Dakota Idaho Montana New Mexico Oklahoma Indian Territory . United States $12,975.000.00 Surplus. 93, 062, 639.19 8, 509,428. 56 2, 239, 550. 09 11,254, 550.09 1,391,002.95 128,000. 00 410, 000. 00 38, 723.36 1,457,957. 86 6, 832, 957. 86 64,1,320.10 950,000. 00 3.450, 000. 00 26.3, 937. 03 853,000.00 5,268,000. 00 546,748.42 234,150. 00 34,150.00 29,033. 22 21, 787,000. 00 5,662,657.95 2, 215,000. 00 2,660,000.00 525, 000. 00 4, 740,000.00 975, 000.00 150, 000. 00 260, 000.00 2, 800,000. 00 1,100, 000.00 7, 580,000.00 501. 768. 65 628, 875.00 170, 000. 00 721,800. 00 214, 800. 00 41, 000.00 14, 900.00 945,300.00 199,600.00 1, 734, 880.62 23, 005,000. 00 5,142,924.27 27,449, 657.95 2,910, 765. 08 2,716, 768.65 3,288, 875.00 695, 000.00 5,461, 800. 00 1, '" 800.00 161, 000.00 274, 900. 00 3,74,5,300.00 1,299, 600.00 9, 314, 28,147, 924.27 2,984,837. 08 3,701 679, 076, 650, 00 237, 761,865. 23 916, 838, 515.23 73,448,066.11 REPORT OF THE COMPTROLLER OF THE CURRENCY. 185 or NATIONAL BANKS IN THE UNITED STATES—Continued. SEPTEMBER 1, 1892—Continued. Ratios. Charged off. Losses and premiums. Expenses and Net earnings. taxes. Dividend*. Net earn- Dividends ings to to capital Dividends and capital and to capital. surplus. surplus. $592, 900. 00 35, 000. 00 233, 300. 00 195,000.00 127, 500.00 183,106. 43 291, 000. 00 110, 250.00 66, 000. 00 357, 625. 00 335, 675.00 95, 000. 00 Per cent. 4.53 2.62 4.18 4.94 1.21 3.99 3.86 0.39 3.80 2.61 3.56 0.49 Per cent. 3.71 3.46 3.63 3.20 2.21 3.40 2.36 1.44 2.99 2.46 3.05 2.03 Per cent. 4.57 5.00 4.36 4.06 2.49 3.95 2.72 1.62 3.30 2.77 3.59 2.29 2,622, 356.43 3.08 2.82' 3.30 407, 550. 00 19, 920. 00 217, 500. 00 100, 000.00 387,100.00 9, 000.00 4.94 5.97 4.33 5.42 5.99 7.01 4.52 3.62 4.86 7.06 3.18 4.05 2.90 » . 4.00 7.35 8.77 3.84 4.50 $206,000.95 26, 866. 79 64,638. 20 25, 210. 81 117, 958.93 42, 801.47 115,646.30 381,311.34 49,142. 08 453, 357.48 142,304.07 126,101. 84 $621,413.72 34,160. 53 289,572.45 175,049.74 186, 284.63 194, 831. 55 532,215.54 331,907.80 71,779.86 560, 659.84 569, 291.34 326, 373.95 1, 751, 340. 26 3, 893, 540.95 191,199.43 1, 963. 98 92, 629. 67 16, 328. 74 28, 213.74 1, 381. 66 643,290.36 12, 261. 54 252,660.91 60,481.15 203,133. 24 11,240.26 556,513.16 24,497.84 296, 029. 52 187,127.14 315,401.44 16,411.30 331,717.22 1,183, 067.46 1, 395, 980.40 1,141, 070. 00 5.12 4.16 5.24 70, 700.00 68,550. 00 8. 000. 00 127, 700. 00 44, 740. 53 11, 500. 00 7, 900. 00 130, 500. 00 39, 750.00 398,185. 07 3.32 2.30 7.77 5.95 4.85 11.89 4.90 4.53 O.5I 4.71 2.60 2.08 1.15 2.34 3.76 7.14 2.87 3.48 3.06 4.27 3.19 2.58 1.52 2.69 4.59 7.67 3.04 4.66 3.61 5.25 907, 525. 60 4.39 3.22 3.94 24, 853, 860. 42 3.52 2.71 3.66 33.820. 81 47, 206.18 10, 038. 08 140, 789.18 13, 500.75 289. 97 230.75 28, 648.00 73, 389. 94 97, 925. 50 160,550.07 183,102. 77 27,023.45 278, 973.98 63,950.19 9,402. 04 10, 856.72 102, 772.31 54,534.62 411,091. 93 445, 839.16 1, 302,258.08 11,431, 087.57 29,722,053.72 $724, 094. 59 26, 539. 48 269,108. 26 301,195.13 69, 776. 57 215,284.89 475,476.58 30,091.06 83, 942.12 314, 255.06 392, 096.04 22, 869. 69 2,864,547.35 90,096. 32 75, 626. 51 54,023.43 324, 942. 66 57, 719.13 19,149. 76 13, 478. 71 169,489. 71 6,675.93 438, 889. 54 1, 236, 739. 84 32,294, 924.82 NOTE.—Figures printed in boldface type signify loss. 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 (53 64 65 66 67 68 69 70 71 72 73 186 REPORT OF THE COMPTROLLER OF THE CURRENCY. TABLE, BY STATES AND RESERVE CITIES, OF THE RATIOS TO CAPITAL, AKD TO FUOM MAKCH 1, 1888, Ratio of dividends to capital and Ratio of dividends to capital for six months ended— surplus for six States, Territories, months ended— and reserve cities. l 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 .25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 ?.ct. Maine . ^ . . . . ^... 3.8 New Hampshire 3.8 3.7 Vermont 3.5 Massachusetts 2.8 Boston 3.2 Rhode Island 3.4 Connecticut . . . . 4.0 New York New York City.. 4.3 5.4 Albany Brooklyn 4.5 New Jersey 3.8 Pennsylvania 3.7 Philadelphia 3.8 Pittsburg •4.7 Delaware 4.0 Maryland 3.5 Baltimore District of Columbia 4.0 Washington . . . . 3.2 3.8 Virginia 4.1 West Virginia 3.8 North Carolina 8.3 South Carolina 3.8 Georgia 3.9 Florida 3.3 Alabama 4.1 Mississippi 1.6 Louisiana New Orleans... 4.3 5.7 Texas 4.8 Arkansas 3.6 Kentucky 3.7 Louisville 4.1 Tennessee 3.9 Ohio 3.3 Cincinnati 2.6 Cleveland 3 9 Indiana 4*. 8 Illinois 4.1 Chicago 5.6 Michigan 3.8 Detroit 4.9 "Wisconsin 6.5 Milwaukee Iowa Des Moines 4.2 Minnesota St. Paul Minneapolis... Missouri 4.8 3.0 St. Louis 3.9 Kansas City 3.3 St. Joseph 5.8 Kansas 5.6 Nebraska 3.1 Omaha 10.2 Colorado 4.0 Nevada 4.1 California San Francisco... 1.9 17.4 Oregon 6.0 Arizona 4.0 Dakota North Dakota South Dakota Idaho Montana New Mexico Utan Washington Wyoming Oklahoma Indian Territory Average 4.0 l P.ct 3.9 3.9 3.7 3.5 2.9 3.2 3.5 3.9 4.3 5.0 4.4 3.9 3.6 3.8 4.7 4.2 3.7 4.0 3.2 3.8 3.2 3.1 4.5 3.7 3.9 3.4 3.6 2.0 3.7 5.1 3.9 4.0 3.7 3.7 3.7 3.4 2.7 4.1 5.2 3.7 4.4 3.9 5.8 20.3 4.5 4.1 3.6 J 3.9 3.9 3.5 3.3 2.8 3.2 3.5 3.9 4.2 5.7 4.6 4.0 3.6 3.7 5.1 4.2 3.9 4.0 4.6 3.8 3.9 3.4 4.5 4.3 4.5 3.8 6.5 2.0 3.8 4.3 7.1 3.8 3.7 3.4 3.9 3.4 2.9 4.2 4.9 3.9 4.4 3.9 4.8 4.9 4.9 4.4 3.8 3.6 3.7 5.0 3.9 3.6 4.0 3.0 3.8 4.0 3.7 4.5 4.9 3.8 3.9 6.2 3.0 4.7 5.9 6.2 3.9 3.5 3.9 4.1 3.6 3.2 4.2 5.1 10.9 4.9 3.9 6.1 4.9 5.5 4.9 3.7 3.5 3.7 4.9 3.8 3.8 4.0 2.4 3.8 5.0 3.7 4.5 3.5 3.1 4.0 4.2 4.2 4.1 3.9 13.9 3.5 3.2 3.1 3.8 3.7 5.7 4.5 5.3 4.9 4.1 3.7 8.5 4.9 5.7 3.2 3.6 3.4 4.2 18.9 4.2 3.3 4.7 5.5 3/4 9.3 4.8 7.5 1.9 4.0 6.0 4.0 4.0 \ctJp.ct 4.5 4.1 3.2 3.1 3.8 4.0 3.6 2.8 3.6 3.2 4.8 4.3 3.7 3.3 12.0 11.7 6.0 6.0 4.4 4.6 5.6 4.0 3.5 4.7 6.0 6.0 3.9 3.9 P.ct. P.ct P.ct P.ct P.ct. P.ct P.ct P.ct 3.8 3.9 3.5 3.0 2.8 3.1 3.7 3.9 4.7 4.8 6.8 4.6 3.8 3.7 3.7 4.8 3.8 3.5 4.0 2.5 3.9 3.9 4.3 4.8 3.6 4.3 3.3 4.0 3.3 4.1 3.4 4.1 3.6 2.8 3.2 3.7 3.8 2.8 4.8 5.1 4.5 4.7 3.3 4.8 4.5 5.6 4.8 3.5 4.5 3.1 3.4 3.3 2.2 3.3 2.6 3.4 3.2 4.0 CO I 6.0 4.1 5.5 3.6 3.5 2.8 2.9 3.7 3.7 4.9 4.4 6.7 4.5 3.8 3.6 3.7 4.9 3.8 3.4 4.0 2.5 4.3 3.5 4.0 4.6 5.0 4.6 3.8 5.3 3.7 4.3 4.2 6.0 3.6 3.2 3.5 4.7 3.8 3.2 5.1 5.2 4.0 4.4 3.4 4.1 4.9 5.7 5.0 2.9 11.2 3.6 6.3 2.6 6.0 2.7 2.2 1.4 3.9 3.9 3.5 3.9 3.5 3.4 2.6 3.1 3.7 4.0 4.9 5.5 6.8 1.5 3.6 3.5 3.7 4.7 5.2 3.1 4.0 2.8 4.1 5.3 4.2 14.8 3.3 3.3 3.6 4.6 3.9 3.7 4.6 4.0 3.8 3.2 3.7 3.6 3.2 3.2 4.9 4.6 4.0 4.5 3.3 4.7 5.6 4.9 5.0 4.7 4.1 2.5 4.0 2.8 3.1 3.3 3.0 4.0 2.8 4.5 6.0 4.2 4.0 4.2 3.1 3.1 3.1 2.7 2.3 2.6 2.7 3.0 2.6 2.9 3.6 3.9 3.5 1.1 2.7 3.0 3.7 4.2 4.9 3.4 3.1 3.1 3.0 2.7 2.3 2.7 2.7 3.1 2.6 3.2 4.5 4.0 3.6 3.7 4.8 3.8 3.7 4.0 2.8 4.0 3.2 4.0 4.9 3.2 3.3 3.4 3.7 3.3 3.4 4.3 2.9 4.3 2.4 3.1 3.8 3.6 3.2 5.0 4.5 3.7 4.5 3.3 4.5 5.5 4.6 5.0 4.4 4.0 2.5 3.9 2.7 1.6 3.3 2.8 3.6 2.3 4.5 7.1 4.0 4.0 8.8 4.5 3.3 3.2 3.2 2.8 2.8 2.8 2.5 2.4 2.4 2.6 2.6 2.4 3.4 3.4 3.4 3.0 3.1 3.0 2 7 2.8 2.8 Z.2 3.2 3.2 2 4 2.4 2.4 2.7 2.7 3.1 3.3 2.6 3.2 3.1 2.5 3.0 5.7 3.1 3.1 2.9 2.8 2.4 3.4 3.4 2.8 2.7 2.8 3.3 3.4 2.9 3.5 1.4 1.7 1.7 2.9 2.5 3.1 4.6 4.1 4.0 4.1 3.3 4.8 2.9 3.3 3.0 2.9 2.9 2.9 3.4 3.0 3.1 3.1 3.0 3.0 2.8 2.8 3.0 2.3 2.4 2.5 3.0 3.2 4.4 3.6 3.9 3.8 3.1 2.7 3.3 4.6 3.6 3.5 3.4 •3.5 3.6 3.8 5.4 4.1 4.0 12.9 3.4 4.5 3.6 4.0 3.5 3.1 3.1 2.8 2.5 2.3 2.7 2.7 3.1 2.8 2.9 3.4 3.1 3.9 3.4 2.1 15.8 3.6 3.8 2.4 2.4 5.0 4.0 4.9 4.6 S.5 2.7 7.6 6.7 2.9 3.5 3.3 6.2 1.8 1.7 15.3 3.5 5.7 5.5 3.3 3.3 3.0 3.0 3.1 3.1 2.8 2.5 2.2 2.6 2.7 3.0 2.8 3.1 2.7 4.3 2.7 3.7 15.3 3.8 4.4 3.4 4.3 4.4 3.1 3.4 3.3 5.0 2.6 3.0 2.9 NOTE.—-Figures printed in bold-faoe type In REPORT OF THE COMPTROLLER OF THE CURRENCY. 187 CAPITAL AND SURPLUS, OF THE EARNINGS AND DIVIDENDS OF NATIONAL BANKS TO SEPTEMBER 1, 1892. far. 1 L890. Ratio of dividends to capital and surplus for six montl is ended— if ^ ' ' CO P. ct. P.ct. P.ct. 3.1 3.1 3.1 3.4 29 29 3.0 2.1 2.4 2.7 2.3 2.2 2.1 2.7 3. 0 3. 5 2.7 2.7 2.1 2.4 *3.Y 2.7 2.4 2.4 3.5 2.9 27 3.2 2.1 3.1 3.4 2.6 2.3 2.4 3.4 2.8 2.8 2.9 1.7 2.7 4.9 2. 9 3. 0 3!l '6.0 3.2 4.4 2 9 2.6 2.2 2.4 Z. o 2. 9 2.8 2.4 2.8 3.1 2.6 2.3 2.3 3.4 2.8 2.6 2.9 1.8 2.9 2.7 3. 2 s!i l-i |S P.ct. P.ct. 3.0 3.1 2.8 3.1 28 28 3. 2 3. 4 3.9 3.9 7.7 2.9 3. 8 3.9 2. 7 3. 7 3.8 3.5 2.8 3.6 2.6 2.7 3.6 3.0 8.0 4.4 3.7 3.1 3.4 4.6 5.0 4.5 1.0 6.4 4.9 4.1 3.8 1.9 2.8 2.2 0.8 3.3 5.0 3.0 2.6 2.0 3.2 2.9 4.1 2.3 7.9 3.1 5.1 2.0 4.8 2.3 2.2 1.4 3.0 4.5 2.3 31 3*.l 29 3.7 2.7 3.4 3.3 3.1 4.0 3.2 9.5 4.4 3.6 4.3 2.9 4.8 4.9 5.4 3^3 2.8 2.6 2.9 1.7 2.6 3.1 27 24 3 7 3.1 3.3 2.6 4.3 2.9 3.1 3.0 2.8 3.0 2.9 4.1 4.4 4.0 3.0 3.6 3.9 4.9 3.4 2.7 3.1 2.8 2.2 2.3 3.3 2.8 2.8 2.9 1.9 2.6 2.6 30 2.9 5.2 2.6 2.7 1.0 2.5 2.2 2.3 3.3 3.8 2.4 2.9 1.9 2.7 4.3 3 ? 3.1 4.0 3.6 3.4 2.6 1.7 3.0 3.6 3.1 2.7 2.3 9^6 2.6 2.8 2.9 3.3 3.1 2.5 3.9 3.1 2.4 2.6 3.0 2.8 2.9 2.6 3^5 3.0 3.2 3.2 4.5 P.ct. 3.9 3.2 3.7 3.4 3.4 2.5 3.2 3. 0 2.7 3.0 3 3 3.2 3.2 6.7 3.2 4.4 P.ct. 4.4 4,0 4.0 3.4 3.9 3.5 3.3 3.0 2.7 3] 0 2.8 3.6 2.7 3.0 2.7 2.7 2.9 3.2 2.8 2.3 2.7 4.0 3.4 4.7 3.2 4.3 P.ct. 3.6 4.0 3.7 3.0 3.3 3.4 2.9 0.8 2.2 2.5 2.8 2^3 3.0 2.4 3. 6 3.4 3.0 3.7 2.9 3.7 2.9 4.6 3.2 3.0 3.5 2.7 3.0 2.9 1.9 3.0 2.3 2.9 2.8 3.3 4.4 3.6 1.2 3.6 4.3 2.8 3.5 2.9 3.6 3.6 3.9 3.5 3.7 3.2 2.2 3.4 2.4 2.7 3.0 2.6 3.4 2.5 3.6 4.1 3.3 3.0 3.6 5.6 34 3.8 2.3 2.6 4.4 2.1 5.8 3.8 2.9 2.2 2.4 5.1 2.8 CO 4.0 3.7 2.9 3.0 2.5 2.1 2.5 2.8 2.6 2.8 3.2 si il P.ct. P.ct. P.ct. 2.3 2.2 2.5 2.8 3 4 3.0 2.7 ««00 CO 3.8 3.9 3.1 3.9 3.0 3.0 3.8 4.8 2.8 2.P 2.9 3.0 4.8 e n d ed— CO 3.8 2.7 3.3 2.7 3.2 3.2 4.6 3.2 3.2 3.3 3.0 2.7 4.8 3.2 5.0 11.1 3.1 2.8 2.8 2.6 3.2 2.5 2.9 2.7 Ratio of earnings to capital and Jm r p l u 3 for £jix months 11.0 3.4 4.7 3.4 2.8 2.1 3.8 3.5 2.8 2.5 2.8 2.6 27 2'. 5 2.2 3.6 2.2 3.4 2.0 2.5 30 2.8 2.6 4.1 2.8 3.0 3.4 2.0 4.1 4.6 2.8 *5.*2* 4.0 3.7 5.0 4.3 3.8 3.0 3.6 4.8 4.3 2.9 4. 0 7.1 4.3 6.6 48 6.1 7.2 3.8 5.7 7.3 3.8 3.3 6.2 3.9 2.4 3.4 4. 5 3. 6 3.3 5.0 2.6 3.4 2.9 3.4 3.5 3.7 3.5 3.6 3.2 2.2 3.4 2.4 1.4 3.0 2.5 3.0 2.0 3.6 4.9 3.2 2.9 7.3 3.8 4.9 3.8 3.2 4.1 4.6 5.5 3.7 3.4 4.8 3.6 3.6 51 5.0 4.6 3.5 3.8 4.9 4.3 4.1 4.2 4.8 4.8 4.3 42 5.5 5.5 6.6 4.1 8.6 7.0 1.4 5.3 8.4 3.8 2.5 5.1 4.2 3.6 4.4 4.8 3.7 4.6 4.3 5.9 4.6 5.3 5.7 7.4 4.1 4.1 5.1 4.3 4.2 3.8 3. 6 4.4 4. 6 5.8 5.5 5.6 4.1 *> Q 3.9 4.7 4.8 3.0 4.1 5.8 4.7 4.5 5 1 7 1 ?>. 7 5.7 6.1 8.8 5.1 6.2 (11 7.9 4.0 3.7 3.7 4.1 4.0 3.8 4. 4 12.5 6. 7 5. 0 5.4 6.1 4.4 7.6 4.4 5.5 3.2 4.9 3.8 9.0 6.3 4.9 5.2 8.4 7.2 10.2 7.1 5.0 6.0 11.9 1.8 4.7 5.9 8.5 10.3 1.4 6.0 8.7 9.5 2.5 2.7 3.5 4.3 9.5 5.2 6.3 8.1 3.4 4.5 4.3 4.T 4.3 '"8*0* *"6."5* 8.3 5.8 12.3 10.9 * column for 1890 and 1892 signify percentage of loss. 5.6 4.7 7.6 4.1 4.4 6.6 4.0 5.9 6.8 4.8 4.0 4.6 4.5 5.3 4.2 4.6 2.8 4.8 5.8 3.8 5.9 4.8 9.1 5.3 5.3 4.4 7.5 4.9 4.9 5.6 7.7 5.1 7.0 5.4 9.8 6.1 6.6 5.6 8.5 9.5 5.0 2.6 2.0 1.1 **5." 9* 7.6 2.3 8.2 5.0 3.8 3.4 7.9 3.5 5.3 4.3 12.9 10.6 3.1 2.0 3.6 7.1 2.9 2.7 4.3 4.3 5 4 "*5.*5" 3.9 3.5 4.1 4.9 3.9 3.2 4.3 5.5 5. 8 5.0 40 3 4 7.2 4.4 4.6 4.5 6.2 5.5 6.3 5.4 6.9 6.0 9.4 6.8 4.1 5.6 6.3 5.8 6.4 16.5 4.7 4.4 5.4 2.9 4.8 5.1 4.0 3.9 5.5 4.7 4.1 3.7 4.2 4.8 4.9 8.5 3.7 6.1 4.9 10. 0 6.1 6.2 6.8 7.9 8.6 4.1 4.3 4.5 5.2 0.6 6.0 6.5 3.0 9.8 11.5 4 1 6.1 4.5 3.5 4.2 4.2 4.3 3.6 4.5 6.2 4.6 4.4 5.2 4.8 4.5 5.3 4.6 3.7 5.1 3.5 4.6 4.8 9.3 4.8 5.5 5.4 8.6 6.3 4.9 2.4 5.2 3.9 7.1 6.7 3.7 10.4 13.1 6.1 4.9 4.7 3.3 3.7 3.2 1.9 3.9 3.0 3.2 3.8 4.4 5.0 3.5 4.6 9.4 5.0 5.2 1.6 5.5 5.3 4.5 3.9 4.5 4.5 4.2 3.3 7.8 4.5 5.5 5.7 5.4 3.9 13.0 5.3 O*6 3.3 4.8 5.5 9.7 4.9 2.8 3.4 2.9 3.0 3.2 2.5 3.3 6.1 6.2 5.7 3.6 6.1 4.4 5.4 5.3 5.3 4.7 4.7 6.0 4.7 5.1 19.3 10.0 4.5 4.2 3.9 3.1 3.3 3.1 3.7 4.9 6.3 4.9 3.5 6.5 5.2 4.8 5.6 4.9 4.7 7.3 8.6 4.9 10.0 3.7 3.9 3.6 3.2 2.7 0.9 3.8 4.9 4.3 5.8 6.2 5.1 6.8 5.8 4.9 6.3 3.6 4.7 4.5 5.0 5.5 P.ct. P.ct. m P.ct. 5.0 4.5 11.1 6.6 6,3 6.5 7.8 1.3 4.0 4.6 4.6 3. 5 4.7 4.0 6.8 5.2 8.4 3.4 7.0 8.4 4.1 5.4 5.0 2.9 0.9 3.1 3.6 3.8 3.7 5.9 7.8 4.6 3.2 5.8 3.1 4.7 8.7 3.6 4.1 3.0 4.3 4.8 1.0 3.4 2.4 3.5 3.0 6.1 5.6 5.1 5.1 6.5 7.6 4.2 1.4 7.4 5.6 4.0 7.3 5.5 4.5 4.7 5.8 4.0 g.00 CO P.ct. P.ct. 2.0 3.1 3.4 2.5 1.9 2.8 3.0 2.7 3.5 Q Q0 0. 4.4 3.9 3.6 4.6 4.0 3.3 3.7 3.8 4.1 3.2 3.5 3 1 2.5 2.4 2.2 3.1 7 4.0 OQ 3.8 9 4.0 10 4.6 5.7 4.2 4.3 3.4 2.8 3.9 3.8 3.8 2.8 4.9 3.8 4.7 4.2 39 A 5 3.2 2.4 6.8 3.2 6.1 2.4 4.6 5.8 4.3 4.3 3.5 3.4 1.1 2.6 3.8 2.6 3.1 3. 5 1 2 3 4 5 6 11 12 13 14 15 16 17 18 19 2C 21 22 24 25 26 5. 7 2.7 27 28 3.0 29 4.3 30 1.3 3.5 31 32 5.1 33 3.5 2.9 34 3.3 35 36 4 1 37 4.0 6.0 38 39 5.3 4.7 40 6.1 5.3 41 4.4 4.2 42 2.5 3.5 43 5.2 5.1 44 6.7 5.4 45 4.2 4.5 46 4.5 2.6 47 4.2 48 6.8 4.9 5.0 49 4.7 1.2 50 4.0 51 3.7 2.7 3 9 52 2.0 O . 4 53 3.3 3.8 54 2.6 2.6 55 4.5 3.6 56 0.5 57 1.5 6.0 4.9 58 5.0 6.0 59 4.6 4.3 60 5.7 5.4 61 5.2 6.0 62 8.4 7.0 63 64 3.3 65 6.8 2.3 66 3.2 9.3 7.8 67 6.6 5.9 68 5.3 4.8 69 2.2 4.5 70 4.7 71 5.3 3.0 0 . 5 72 6.3 11.9 73 6.1 4.9 74 3.8 j 3.5 188 REPORT OF THE COMPTROLLER OF THE CURRENCY. EARNINGS AND DIVIDENDS OF THE NATIONAL BANKS, ARRANGED BY GEOGRAPHICAL DIVISIONS, FOR SEMIANNUAL PERIODS FROM SEPTEMBER 1,1883, TO SEPTEMBER 1,1892. No. of banks Capital. Surplus. earnDividends. Net ings. si r Sept., 1883, to Mar., 1884: New England States... Middle States Southern States Western States Total 565 $167,478, 070 $41,863,161 $5. 726, 356 715 175, 317,315 64,841,178 7, 639, 670 248 38, 214, 310 9,854, 923 1, 700,113 963 126, 959, 605 29, 041, 587 6, 016, 667 2,491 2,582 2,650 2,665 2,708 2,784 Total 2,855 Total 2,942 3.9 3.0 3.7 4, 388, 812 7, 474, 752 2,426, 858 7, 310, 780 3.4 4.1 4.2 4.2 2.7 3.0 3.3 3.4 2.1 3.1 4.5 4.3 522,899,715 148,771,121 20,437,650 21, 601, 202 3.9 3.0 3.2 4,725, 395 7, 297,159 2, 282, 782 7, 718, 959 3.3 4.0 3.8 4.5 2.6 2.9 3.0 3.6 2.3 3.1 4.2 4.5 20, 218,471 22,024,295 3.9 3.0 3.3 5, 925, 381 9, 484, 324 2, 705, 274 9,412,687 3.2 4.0 4.4 4.6 2.6 2.9 3.4 3.8 2.8 3.9 4.7 5.2 21, 335,436 27, 527, 666 4.0 3.1 4.0 3.2 4.2 4.3 4.2 2.53.0 3.4 3.5 3.2 4.0 4.0 4.7 3.9 3.0 4.0 6,176,707 12, 072,419 2, 646, 393 10, 803,275 3.2 4.3 4.6 4.4 2.6 3.0 3.6 3. 6 3.0 4.8 4.5 5.5 22,148, 587 31, 698, 794 4.0 3.1 4.5 7,224,781 11,360, 893 3,268, 973 10, 953,427 3.2 4.2 4.1 4.3 2.6 2.9 3.3 3.5 3.5 4.5 5.0 5.4 558,544,541 171,254, 553 22,003,820 32,808,074 3.9 3.0 4.5 6,187, 595 11,201,708 3,257,542 11,954,449 3.3 4.0 4.3 4.5 2.6 2.8 3.4 3.7 3.0 4.2 4.8 5.5 23,088,607 32,601,294 4.0 3.0 4.3 41,413, 826 64,741, 009 11, 527,942 31, 088, 344 524,599,602 146,903,495 3,044 41,128, 387 67, 583, 309 12, 053, 524 32, 767, 699 530,956,195 153, 532,919 41, 581, 845 70,044,187 11, 967, 321 33,470,425 5,551,603 7,089,673 1, 691, 520 5,838, 871 5, 661, 537 7,156, 680 1,790,726 5, 828,707 5, 391,401 6,953, 332 1, 655, 261 6, 218,477 5,375, 226 7, 044, 535 1,969,190 6, 946, 485 5, 338, 635 7,328, 798 1,994, 537 6,485,172 6,736,479 9,789,135 2, 553, 055 8, 834, 050 537, 563, 648 157, 064,778 21,147,142 27,912,719 41,897,072 73,445, 033 12. 463, 050 35,926,745 548, 355, 770 163, 731,900 164,837,370 176, 635, 656 51,515,315 165, 556,200 Sept., 1887, to Mar., 1888: New England States... 567 164,405,920 Middle States 780 183,382,395 Southern States 358 53,124, 400 1,339 176,224, 033 Western States Total 4.3 20,171, 667 24, 368, 019 518,605,725 147,721,475 Sept., 1886, to Mar., 1887: New England States... 563 165,252,370 Middle States 754 175,873, 735 Southern States 313 46, 213,240 Western States i,225 161, 016,425 Mar., 1887, to Sept., 1887: New England States... 566 764 Middle States 343 Southern States 1,269 Western States 3.2 2.7 3.4 5.3 4.7 Mar., 1886, to Sept., 1886: New England States... 563 165, 352, 320 Middle States 744 173,628,875 Southern States 303 45,444, 000 Western States 1,174 153,138,453 Total OQ 2.6 2.9 3.3 3.5 Sept., 1885, to Mar., 1886: New England States... 559 165, 203,920 Middle States 738 172,435, 295 Southern States 294 44,437,400 Western States 1,117 148,879, 580 Total C§ O 3.3 4.0 4.2 4.3 Mar., 1885, to Sept., 1885: New England States... 562 165, 668, 370 40,786, 007 Middle States 731 172, 907, 352 64, 247, 888 Southern States 287 43, 500, 300 11, 505, 477 Western States 1,085 142, 523, 580 30, 364,123 Total Ill 5,738,456 8,198, 912 2,747, 018 7,683,633 Sept., 1884, to Mar., 1885: New England States... 567 167,400,370 Middle States 732 173, 212,145 Southern States : 278 42,648,400 Western States 1,073 139, 638,800 Total * ! . Pr. ct. Pr. ct Pr. ct. 2.7 3.4 2.9 3.2 4.4 4.0 3.5 4.4 6.1 3.9 4.7 6.0 507, 969,300 145, 600, 849 21,082, 806 27,994,764 < 4 . 1 Mar., 1884, to Sept., 1884: New England States... 568 167, 600, 370 41,905, 905 Middle States 723 175, 767, 355 64, 580,406 Southern States 264 40, 638, 300 10,726,209 Western States 1,027 134, 599,700 30,508,955 Total $6, 095, 915 9,529,978 2, 950, 096 9,418, 775 capital and surplus. Geographical divisions. Dividends to Ratios. 43,118, 790 76, 574,179 13, 247,285 38, 314,299 43,459,769 80,679,527 14,258,403 40, 999,447 577,136,748 179,397,147 5,318,480 7, 574, 627 2,143, 870 7, 111, 610 5,355,787 7, 357, 400 2,137,328 7,153,305 5,426,178 7,346,515 2,298, 039 8, 017, 876 REPORT OF THE COMPTROLLER OF THE CURRENCY. 189 EARNINGS AND DIVIDENDS OF THE NATIONAL BANKS, ETC.—Continued. Geographical divisions. No. of hanks Capital. Surplus. earnDividends. Net ings. 11 ,2 & •5 * >• ° 5 Mar., 1888, to Sept., 1888: New England States... Middle States Southern States Western States Dividends to capital and surplus. Earnings to capital and surplus. Ratios. Pr. ct.Pr. ct. Pr. ct. 3.2 2.6 3.2 4.1 2.8 4.3 4.0 ,3.1 4.4 4.6 3.8 5.1 568 $164,649,820 $44,197,418 793 184, 220, 575 82, 998, 759 54, 802, £00 14, 844, 534 369 1,363 179, 865, t*50 42, 376, 280 $5, 349, 7, 564, 2,189, 8, 338. 3,093 583, 529,145 184,416, 991 23,443,051 32, 759,192 4.0 3.0 4.3 568 793 382 1,404 164, 506, 720 184, 628, 445 56, 974,485 187,144, 200 44, 904,040 $6,496, 367 15. 715,136 45, 391, 957 5, 508,163 6. 932, 212 7, 379, 692 12,241.399 2,357.718 3, 497. 410 8, 045, 400 12,438, 868 3.3 4.0 4.1 4.3 2.6 2.7 3.2 3.5 3.3 4.5 4.8 5.3 3,147 593, 253, 850 192, 507, 500 23, 290,973 35,109, 889 3.9 3. 0 4.5 571 796 403 1,424 165,101, 184,195 58, 905. 191, 247, 086 6, 920. 889 874 12, 060. 433 368 3, 818, 379 259 11, 708, 674 3.2 4.1 4.0 4.2 2.5 2.8 3.1 3.4 3.3 4.5 5.1 4.9 3,194 599,451,185 197,128, 884 23, 325, 587 ,34, 508. 375 3.9 2.9 4.3 576 811 436 1,471 165, 631, 980 186,198, 725 62, 949, 360 200, 625,480 46,157,181 91,010,405 17,141, 070 50, 237, 778 5, 520, 977 5, 606. 830 7, 629,170 12, 2 8. 788 2, 861, 628 4, 229, 776 10, 237, 991 J2, 203,145 3.3 4.1 4.5 5.1 2.6 2.8 3.6 4.1 2.6 4.4 5.3 5.2 3,294 615, 405, 545 204, 546, 434 26,249, 766 J35, 248, 539 4.3 3.2 4.3 582 834 475 1,521 165, 188, 68, 212, 46, 488, 598 94, 608, 921 18,081, 496 52, 690,124 5,144,588 6, 239, 358 7, 946, 301 12, 534, 630 2, 695, 210 4, 730. 666 9,123, 018 13, 302, 370 3.1 4.2 3.9 4.3 2.4 2.8 3.1 3.4 2.9 4.4 5.5 5.0 3,412 634, 773,746 211, 869,139 24, 909,117 36, 807, 024 3.9 2 9 4.3 583 851 522 1,586 165, 525, 420 189, 215, 745 75,175,100 222, 670, 320 871 397 961 512 5, 530,473 7, 275, 215 7, 720,433 13,189,635 3, 026, 492 4, 842,139 9,491, 377 14, 838, 985 3.3 4.1 4.0 4.3 2.6 2.7 3.2 3.4 3.4 4.6 5.1 5.4 3,542 652, 586, 585 219, 430, 741 25, 768,775 40,145, 974 3.9 3.0 4.6 48, 053, 953 99, 692,776 20,344, 334 58, 011, 532 5, 231,854 6, 512,910 7, 911, 627 11,475, 715 2, 778,024 4, 299, 226 9,104,730 13, 329, 789 3.2 4.1 3.6 3.9 2.4 2.7 2.8 3.2 3.0 3.9 4.4 4.6 3,612 667, 629,937 226,102, 595 25, 026, 235 35,617, 640 3.7 2.8 4.0 585 880 558 1,648 165, 668, 920 48,438, 842 192, 303, 940 103,561,327 78, 227, 550 21, 026, 567 239,155, 900 61, 650,165 5, 292, 014 5,422,799 7,463,453 11, 764, 329 3, 350, 369 3,412, 941 9,441, 017 13, 763,021 3.2 3.9 4.3 3.9 2.5 2.5 3.4 3.1 2.5 3.9 3.4 4.6 3,671 675, 356, 310 234, 676, 901 25, 546, 853 34, 363, 090 3.8 2.8 3.8 587 882 570 1, 662 165,918, 920 48, 072, 364 192,464. 745 105,487,995 79, 620,155 21,456,227 241,072,830 62, 745, 279 4,300,264 5, 542, 293 8,147, 702 10, 855. 644 3,007,294 3,780; 308 9, 398, 600 12,116,679 2.6 4.2 3.8 3.9 2.0 2.7 2.9 3.1 2.6 3.6 3.7 4.0 Total 3,701 679, 076,650 237,761, 865 24.853,860 32, 294, 924 3.7 2.7 3.5 General average 3,077 584,871,900 184, 578, 849 23, 002, 689 31,410,632 3.9 2.9 4.1 Total Sept., 1888, to Mar., 1889: New England States... Middle States Southern States Western States Total Mar., 1889, to Sept., 1889: New England States... Middle States Southern States Western States Total Sept., 1889, to Mar., 1890: New England States... Middle States Southern States Western States Total Mar., 1890, to Sept., 1890: New England States... Middle States Southern States Western States Total Sept., 1890, to Mar., 1891: New England States ... Middle States Southern States Western States Total Mar., 1891, to Sept., 1891: New England States... 589 874 Middle States 544 Southern States 1,605 Western States Total Sept., 1891, to Mar., 1892: New England States... Middle States Southern States Western States Total Mar., 1891, to Sept., 1892: New England States... Middle States Southern States Western States 920 745 530 990 500, 920 261,155 491,105 520, 566 165, 392, 192,973, 78, 244, 231,019, 090 876 000 971 45,476, 87. 936. 16, 387, 47, 328, 47, 98, 19, 54, 263, 565, 232, 368, 953 236 359 336 5, 307, 7, 636, 2, 365, 8, 016, 582 $6, 739, 240 822 11, 544, 258 937 3,105, 262 710 11, 370,432 190 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, WITH THE DATES OF LIQUIDATION, THE AMOUNT OF THEIR CAPITAL, CIRCULATION ISSUED AND RETIRED, AND CIRCULATION OUTSTANDING OCTOBER 31, 1892. Name and location of bank. Date of liquidation. Circulation. Capital. Issued. Ketired. Outs tan d- First National Bank, Penn Yan, N.Y.* .. Apr, 6,1864 First National Bank, Norwich, Conn.* . May 2,1864 do Second National Bank, Ottum v\ a, Iowat.. Second National Bank, Canton, Ohiot... Oct. 3,1864 First National Bank, Lansing, Mich. f.. Dec. 5,1864 Sept. 19,1864 $100, 000 First National Bank, Columbia, Mo $90, 000 $89, 875 $125 Mar. 15,1865 First National Bank, Carondeiet, Mo 30, 000 25, 500 25, 399 101 June 9-1865 First National Bank, Utica, N. Y.* Tittston National Bank, Pittston. Pa.|.. Sept. 16,1865 200, 000 Fourth National Bank, Indianapolis, Ind. Nov. 30,1865 100, 000 100, 000 99 373 100, 000 Berkshire National Bank, Adams, Mass.| Dec. 8,1865 400,000 National Union Bank, Rochester, N. Y.. Apr. 26.1866 192, 500 191, 503 95)7 50.000 First National Bank, Leonardsville, N.Y. July 11,1866 45, 000 44, 415 585 100, 000 Farmers' National Bank, Richmond, Va. Oct. 22,1866 85, 000 83, 288 1,712 Farmers' National Bank, Waukesha, Nov. 25,1866 Wis 100,000 90,000 89, 540 National Bank of Metropolis, WashingNov. 28,1866 ton, D. C 200,000 180,000 177, 003 2, f 97 First National Bank, Providence, Pa... Mar. 1.1867 100,000 90,000 88, 780 1.220 National State Bank, Dubuque, Iowa... Mar. 9,1867 150,000 127,000 125, 685 1,315 First National Bank of Newton, NewMar. 11,1867 ton ville, Mass 150,000 130,000 128, 817 1,183 First National Bank, New Ulm, Minn.. Apr. 18,1867 60,000 54,000 53, 245 755 National Bank of Crawford County, Mead ville, Pa Apr. 19,1867 300,000 Kittanning National Bank, Kittanning, Pa.J Apr. 29,1867 200, 000 May 28,1867 City National Bank, Savannah, Ga.t 100, 000 Ohio National Bank, Cincinnati, Ohio... July 3,1867 500, 000 450,000 444,140 5,860 200, 000 First National Bank, Kingston, N. Y ... Sept. 26, 1867 180, 000 177,795 2, 205 Dec. 5,1867 First National Bank, Blutfton, Ind 50, 000 45. 0U0 44, 586 414 200, 000 National Exchange Bank, Richmond, Va. . . . . d o 180, 000 179, 355 645 150, 000 First National Bank, Skaneateles, N. Y. Dec. 21,1867 135, 000 133,772 1,228 Dec. 26,1867 100, 000 45, 500 First National Bank, Jackson, Miss 45,420 80 100, 000 90, 000 First National Bank, Dowiiinattown, Pa. Jan. 14,1866 89, 011 989 Jan. 15,1866 100, 000 86, 750 85, 785 First National Bank, Titusville, Pa 965 50, 500 45, 000 44,379 Appleton National Bank, Appleton, Wis. Jan. 21,1866 621 Feb. 14,1866 120, 000 45, 500 Natiomil Bank of Whitestown, N. Y 45, 248 252 First National Bank, Isew Brunswick, Feb. 26,1868 100, 000 90, 000 88, 699 N. J . . . 1,301 First National Bank, Cuyahoga Falls, Mar. 4,1868 50, 000 45,000 44,462 538 Ohio '-.-..: 100,000 90, 000 89,497 First National Bank, Cedarburg, Wis... Mar. 23,1868 503 Commercial National Bank, Cincinnati, Apr. 28,1868 500,000 345,950 343,855 Ohio 2,095 100,000 90, 000 Second National Bank, Watertown, N. Y. July 21,1868 1, 030 88,970 First National Bank, South Worcester, A u g . 4,1868 175, 500 157,400 N.Y 155,821 1,579 National Mechanics and Farmers' Bank, do. 350, 000 314,950 Albany, N. Y 313,010 1,940 50,000 42, 500 Second National Bank, DesMoines, Iowa. A u g . 5,1868 42,152 348 150,000 135,000 First National Bank, Steubenville, Ohio. A u g . 8,1868 133,312 1,688 A u g . 25,1868 100, 000 Eirst National Bank, Plumer, Pa 87,500 86,177 1,323 Sept. 30,1868 50,000 First National Bank, Danville, Va 45,000 44,695 305 150, 000 First National Bank, Dorchester, Mass. Nov. 23,1868 132,500 130,597 1,903 Dec. 17,1868 75,000 First National Bank, Oskaloosa, Iowa.. 67,500 66,992 508 Merchants and Mechanics' National Dec. 31,1868 Bank, Troy, N. Y 300, 000 184,750 183,145 1,605 National Savings Bank, Wheeling, W.Va. Jan. 7,1869 100, 000 90,000 89,450 550 Jan. 12,1869 First National Bank, Marion, Ohio 125, 000 109,850 109,014 83G National Insurance Bank, Detroit, Mich. Feb. 26,3869 200, 000* 85,000 84,453 547 Mar. 6,1869 National Bank of Lansingburg. N. Y 150, 000 135,000 133, 787 1,213 National Bank of North America, New York, N.Y Apr. 15,1869 1,000,000 333,000 330,827 2,173 First National Bank, Hallowell, Me Apr. 19,1869 60.000 53, 350 52,936 414 First National Bank, Clyde, N.Y Apr. 23,1869 50,000 44,000 43,270 730 Pacific National Bank, New York, N.Y. M a y 10,1869 422. 700 134,990 134,072 918 Grocers' National Bank, New York, N. Y June 7,1869 390,000 85,250 84,916 334 Savannah National Bank, Savannah, Ga. June 22,1869 100,000 85, 000 84,485 515 First National Bank, Frostburg, Md July 30,1869 50, 000 45,000 44,752 248 First National Bank, La Salle, 111 A u g . 30,1869 45,000 50,000 44,525 475 National Bank of Commerce, Georgetown, D.C : . . . Oct. 28,1869 100,000 90,000 89,085 915 Slew bank with same title, t Never completed organization. ; Consolidated with another bank. 191 EEPOET OF THE COMPTROLLER OP THE CURRENCY. NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PROVISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd. Circulation. Date of liquidation. Narne and location of bank. Miners' National Bank, Salt Lake City, Uth Utah. First National Bank, Vinton, Iowa National Exchange Bank, Philadelphia, Pa First National Bank, Decatur, 111^ National Union 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 $150, 000 50, 000 Jan. 8,1870 Jan. 10,1870 Jan. 11,1870 Jan. 25.1870 Mar. 31,1870 Apr. 9,1870 June 10,1870 300,000 100.000 100. 000 500. 000 500.000 150,000 100,000 Wis June 14,1870 First National Bank, St. Louis, Mo July 16,1870 Chemung Canal National Bank, Elmira, N.Y Aug. 3,1870 Central National Bank, Omaha Nebr. * .. Sept. 23,1870 First National Bank, Clarksville, Va Oct. 13,1870 First National Bank, Burlington, Vt Oct. 15,1870 First National Bank, Lebanon, Ohio Oct. 24,1870 National Exchange Bank, Lansingburg, N.Y Dec. 27,1870 Muskingum National Bank, Zanesville, Ohio Jan. 7,1871 United National Bank, Winona,Minn... Feb. 15,1871 First National Bank, Des Moines, Iowa.. Mar. 25,1871 Saratoga County National Bank, Waterfford, d N Mar. 28,1871 N. Y Y. Mar. 31.1871 State National Bank, St. Joseph. Mo May 2,1871 First National Bank, Fen ton, Mich First National Bank, Wellsburg, W. Va. June 24,1871 Clarke National Bank, Rochester, N. Y.. Aug. 11,1871 Commercial National Bank, Oshkosh, Wis Wi Nov. 22,1871 Fort Madison National Bank, Fort MadDec. 26,1871 ison, Iowa Jan. 6,1872 National Bank of Maysville, Ky Fourth National Bank, Syracuse, N. Y... Jan. 9,1872 American National Bank, New York, May 10,1872 N.Y. Carroll County National Bank, SandMay 24,1872 wich, N.H..' Second National Bank, Portland, Me Atlantic National Bank, Brooklyn, N. Y. | July 15,1872 | Merchants and Farmers' National Bank, j Quincy, 111 Aug. 8,1872 ! First National Bank. Rochester. N. Y i Aug. 9,1872 Lawrenceburg National Bank, Law- i renceburg, Ind ! Sept. 10,1872 Jewett City National Bank, Jewett City, | ! Conn l-.j Oct. 4,1872 First National Bank, Knoxville, Tenn... Oct. 22,1872 i First National Bank, Goshen, Ind Nov. 7,1872 | Kidder National Gold Bank, Boston, N o v . 8,1872 I Mass. Second National Bank, Zanesville, Ohio.. Nov. 16,1872 ! Orange County National Bank, Chelsea, Vt Jan. 14,1873 \ Second National Bank, Syracuse, N. Y... Feb. 18,1873 i Richmond National Bank, Richmond, Feb. 28,1873 I Ind.* First National Bank, Adams, N. Y Mar. 7.1873 j Mechanics' National Bank, Syracuse, Mar. 11,1873 | Farmers and Mechanics' National Bank, Rochester, N. Y Apr. 15,1873 Montana National Bank, Helena, Mont.. . . . . d o First National Bank, Havana, N. Y J u n e 3,1873 Merchants and Farmers' National Bank, Ithaca. N.Y June 30,1873 National Bank of Cazenovia, N. Y. July 18,1873 Merchants' National Bank, Memphis, Tenn Ang. 30,1873 Manufacturers' National Bank, Chicago 111 Sept. 25,1873 Second' National j&jik, Chicago, Hi do Capital. Issued. Retired. $135,000 42, 500 Outstanding. $134,106 42, 293 207 175. 750 85,250 88, 250 44, 000 425,000 135, 000 90,000 173,763 84,215 87,327 j 43,622 421,145 133,830 ! 89,488 j 1,987 1,035 923 378 3,855 1,170 512 90, 000 179,990 89,330 ! 178,597 670 1,393 90,000 89,149 i 851 27, 000 270. 000 85,000 26,890 ! 267,003 i 84,338 ! 110 2,997 662 100,000 90, 000 89,424 576 100,000 50,000 100, 000 90,000 45,000 90,000 89, 275 44,595 89,208 725 405 792 150, 000 100, 000 100,000 100, 000 200,000 135,000 90, 000 49, 500 90, 000 180,000 134,038 89,455 49, 018 89, 263 178,246 962 545 482 737 1,754 100,000 90, 000 ! | i I i I 100,000! 200,000 j 100,000 I 100,000 ! 50,000 i 300,000 i 100,000 i 75,000 300, 000 105, 500 67,500 j 270,000 I 91,700 I 66,990 269, 709 90, 858 510 1, 291 842 500, 000 450, 000 444,051 5,949 50,000 100,000 200, 000 45, 000 81, 000 165, 000 44,463 80.014 163^ 660 537 986 1,340 150,000 400.000 135,000 | 206,100 ! 133,705 203, 810 1, 295 2, 284 200, 000 I 180,000 I i 177, 940 2,060 60,000 100, 000 115, 000 48,750 80,910 103, 500 48,252 79,096 102, 258 814 1,242 300,000 154,700 120,000 138,140 120,000 136,498 1,642 200,000 100,000 180, 000 90,000 177,766 88, 845 2,234 1,155 230,000 75, 000 207, 000 66,900 j 207, 000 66, 010 890 140', 000 j 93, 800 j 92, 880 I 920 100,000 100, 000 50, 000 83,250 ! 31,500 i 45,000 82,317 | 31,385 44,410 933 115 50, 000 150, 000 45, 000 116, 770 44,294 115, 326 706 1,444 250,000 225,000 222,363 2,637 500, 000 100, 000 438,750 433,327 ] 97,500 96,141 I 5,428 1368 * New bank, with same title. 192 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, ETC.—Cont?d. Circulation. "Nam© and location of bank. Date of liquidation. Merchants' National Bank, Dubuque, Sept. 30,1873 Iowa Oct. 2,1873 Beloit National Bank, Beloit, Wis Oct. 22,1873 Union National Bank, St. Louis, Mo Nov. 29,1873 City National Bank, Green Bay, Wis Jan. 1,1874 First National Bank, Shelbina, Mo Second National Bank, Nashville, Tenn.. Jan. 8,1874 Jan. 13,1874 First National Bank, Onedia, N. Y Merchants' National Bank, Hastings, Feb. 7,1874 Minn Mar. 3,1874 National Bank of Tecumseh, Mich Gallatin National Bank, Shawneetown, Mar. 7,1874 111 Mar. 26,1874 First National Bank, Brookville, P a Citizens' National Bank, Sioux City, Apr. 14,1874 Iowa Citizens' National Bank, Charlottes ville, Apr. 27,1874 Va Farmers' National Bank, Warren, 111... Apr. 28,1874 May 6,1874 First National Bank, Medina, Ohio Croton Kiver National Bank, South May 25,1874 East, N . Y Merchants' National Bank of West VirJuly 7,1874 ginia, Wheeling, W. Va Central National Bank, Baltimore, M d . . July 15,1874 Second National Bank, Leavenworth, July 22,1874 Kans Teutonia National Bank, New Orleans, Sept. 2,1874 La City National Bank, Chfettanooga, Tenn. Sept. 10,1874 Oct. 10,1874 First National Bank, Cairo, 111 Nov. 9,1874 First National Bank, Olathe, Kans Nov. 10,1874 First National Bank, Beverly, Ohio Union National Bank, La Fayette, I n d . . Dec. 4,1874 Ambler National Bank, Jacksonville, Dec. 7,1874 Fla.* Mechanics' National Bank, Chicago, 111.. Dec. 30,1874 First National Bank, Evans ville, W i s . . . Jan. 9,1875 First National Bank, Baxter Springs, Jan. 12,1875 Kans ....do People's National Bank, Pueblo, Colo National Bank of Commerce, Green Bay Wis .do First National Bank, Millersburg, Ohio. . . . . d o First National Bank, Staunton, Va T Jan. 23,1875 National City Bank, Milwaukee, W is Feb. 24,1875 IrasburgNational Bank of Orleans, IrasMar. 17,1875 burg, v t Mar. 25,1875 First National Bank, Pekin, 111 Merchants and Planters' National Bank, Mar.30,1875 Augusta, Ga Monticello National Bank, Monticello, ....do Iowa IowaCityNationalBank, Iowa City, Iowa Apr. 14,1875 First National Bank, Wheeling, W. V a . . 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, J u u e 26,1875 NY June 30,1875 First National Bank, Eldorado, Kans First National Bank, Junction City, Kans First National Bank, Chetopa, Kans First National Bank, Golden, Colo National Bank of Jefferson, Wis Green Lane National Bank, Green Lane, Pa State National Bank, Topeka, Kans Farmers'National Bank, Marshalltown, Iowa Bichland National Bank, Mansfield, Ohio Planters' National Bank, Louisville, K y . First National JSaak, Gallatin, Tenn . . Capital. Issued. Retired. Outstanding. $200,000 50, 000 500, 000 50,000 100, 000 125, 000 125, 000 $180, 000 45,000 150, 300 45, 000 90, 000 92, 920 110, 500 $176,410 44, 299 148,413 44, 295 89, 280 91, 635 108, 936 $3, 590 701 1,887 705 720 1,285 1,564 100, 000 50, 000 90, 000 45, 000 88,525 44, 310 1,475 690 250, 000 100, 000 225, 000 90,000 1,987 1,165 50, 000 45,000 223, 013 88,835 44,840 100, 000 50, 000 75, 000 90,000 45,000 45,000 89, 209 44, 453 44, 720 791 547 280 200,000 166, 550 163, 600 2,950 500, 000 200,000 450, 000 180, 000 444, 915 178, 776 5,085 1,224 160 100, 000 90, 000 87,910 2,090 300, 000 170, 000 100, 000 50, 000 102, 000 250, 000 270, 000 148, 001 90, 000 45, 000 90, 000 224,095 267, 920 147, 019 88, 642 44, 639 88, 516 220, 259 2,080 982 1,358 361 1,484 3,836 42, 500 250, 000 55, 000 125, 900 45,000 123, 830 44,562 2,070 438 35,640 26,823 89,185 60,028 89,082 59,125 360 177 100, 000 100, 000 100, 000 100,000 36,000 27, 000 90, 000 60, 400 90, 000 60,000 75, 000 100,000 67,500 90,000 963 1,325 200, 000 169, 000 66, 537 88,675 167,270 100, 000 125,000 250,000 45, 000 104,800 225,000 44,705 103,082 221,678 295 1,718 3,322 50,000 50,000 50,000 27,000 43,800 45,000 26.900 43,428 44,485 100 372 515 200,000 50, 000 141.300 45,000 138,930 44,528 2,370 472 July 1,1875 July 19,1875 Aug. 25,1875 Aug. 26,1875 50, 000 50,000 50, 000 60, 000 45,000 36,000 27,000 54,000 44,675 35, 686 26,818 53,007 314 182 Sept. 9,1875 Sept. 15,1875 100,000 60, 000 90,000 30, 600 89,657 30,462 Sept. 18,1875 50,000 27,000 26,830 Sept. 25,1875 150,000 Sept. 30.1875 350, 000 Oct. 1,1875 75,000 * N o circulation. 130,300 315, 000 45,000 127, 934 310,048 44,610 50,000 50, 000 815 372 918 875 1,730 343 138 170 2,366 4,952 KEPOKT OF THE COMPTROLLER OF THE CURRENCY. 193 NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO- VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd. Circulation. Name and location of bank. Date of liquidation. First National Bank, Charlestown, W. Oct. 2,1875 Va People's National Bank. Winchester, 111 Oct. 4,1875 First National Bank, New Lexington, Ohio. Oct. 12,1875 First National Bank, Ishpeming, Mich .. Oct. 20,1875 Fayette County National Bank, Washington, Ohio Oct. 26,1875 Merchants' National Bank, Fort Wayne, Ind , Nov. 8,1875 Kansas City National Bank, Kansas Nov. 13,1875 City, Mp First National Bank, Sehoolcraft, Mich. Nov. 17,1875 First National Bank, Curwensville, Pa .. Dec. 17, i875 National Marine Bank. St. Paul, Minn .. Dec. 28,1875 Jan. 11.1870 First National Bank, Rochester, Ind First National Bank, Lodi, Ohio ... .do Iron National Bank, Portsmouth, Ohio .. Jan. 19,1876 First National Bank, Ashland, Nebr Jan. 26,1876 First National Bank, Paxton, 111 Jan. 28,1876 First National Bank, Bloomfield,Iowa... Feb. 5,1876 Marietta National Bank, Marietta, Ohio . Feb. 16,1876 Salt Lake City National Bank, Salt Lake Feb. 21,1876 City, Utah First National Bank, La Grange, Mo Feb. 24,1876 First National Bank, Atlantic, Iowa Mar. 7,1876 First National Bank, Spencer, Ind Mar. 11,1876 National Currency Bank, New York, N. Y Mar. 23,1876 Caverna National Bank, Caverna, Ky May 13,1876 City National Bank, Pittsburg, 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, Lawrenceburg, K; July 29,1876 renceburg, Ky Aug. 7,1876 First National Bank, Newport, Ind Aug. 17,1876 First National Bank, DePere, Wis.. Second National Bank, Lawrence, Kans .\ Aug. 23,1876 Commercial National Bank, Versailles, Ky Aug. 26,1876 State National Bank, Atlanta, Ga Aug. 31,1876 Syracuse National Bank, Syracuse, N. Y. Sept. 25,1876 Fir»t National Bank, Northumberland, Pa Oct. 6,1876 First National Bank, Lancaster, Mo Nov. 14,1876 First National Bank, Council Grove, Nov. 28,1876 Kans. National Bank Commerce, Chicago, 111... First National Bank, Palmyra, Mo F i r s t National Bank, Newton, Iowa National Southern Kentucky Bank, Bowling Green, Ky F i r s t National Bank, Monroe, Iowa F i r s t National Bank, New London, Conn. Winona Deposit National Bank, Winona, Minn F i r s t National Bank, South Charleston, Ohio Lake Ontario National Bank, Oswego, N.Y First National Bank, Sidney, Ohio Chillicothe National Bank, Ohio First National Bank, Manhattan, Kans.. National Bank, Monticello, Ky First National Bank, Rockville, Ind Georgia National Bank, Atlanta, Ga First National Bank, Adrian, Mich First National Bank, Napoleon, Ohio First National Bank, Lancaster, Ohio First National Bank, Minerva, Ohio Kinney National Bank, Portsmouth, Ohio. First National Bank, Green Bay, Wis National Exchange Bank, Wakefield, R.I. First National Bank, Union City, Ind . . . First National Bank, Negaunee, Mich . . . Tenth National Bank, New York, N.. Y .. First National Bank, Paola, Kans National Exchange Bank, Troy, N. Y Second National Bank, Lafayette, Ind 9647 13 Capital. Issued. $100, 000 75,000 Retired. Outstanding. $89,132 66, 863 50, 000 50,000 $90,000 67, 500 45, 000 45,000 100, 000 81. 280 80, 528 100,000 46, 820 46, 255 100, 000 50,000 100, 000 100, 000 50, 000 100, 000 50, 000 50, 000 55, 000 150, 000 100, 000 50, 000 50, 000 70, 000 100, 000 50, 000 200, 000 100, 000 50, 000 50,000 60, 000 65, 991 45, 000 90, 000 59. 710 45, 000 90, 000 90, 000 45, 000 45, 000 49, 500 90,000 65,127 44,492 88, 498 58,315 43,029 88,492 89.167 44,594 44,398 48,480 88, 352 45, 000 45, 000 45, 000 6B, 000 45,000 45, 000 68, 929 50, 795 45, 000 45,000 45,000 44,140 44, 446 44,480 62, 520 43,960 44, 655 68, 282 49, 495 44, 526 44, 667 44,110 100, 000 60, 000 50, 000 100, 000 170, 000 200, 000 200, 000 100, 000 50, 000 45,000 45, 000 31, 500 67,500 153, 000 73, 725 117, 961 62,106 27, 000 44, 730 44, 418 31,241 66, 760 150,977 72, 355 114,421 60, 265 26, 857 270 582 259 740 2,023 1,370 3,540 1,841 143 Dec. 2,1876 Dec. 12,1876 Dec. 16,1876 50, 000 250,000 100, 000 50, 000 26, 500 71,465 46,140 45, 000 26,153 70,229 44,911 43, 836 347 1,236 1,229 1,164 Dec. 23,1876 Jan. 1,1877 Jan. 9,1877 50,000 60,000 100,000 27, 000 35, 700 38, 300 26, 742 35, 327 258 373 Jan. 28,1877 100,000 63, 285 ioo,ooo Feb. 24,1877 100,000 90, 000 .do . Feb. 26,1877 Apr. 9,1877 Apr. 13,1877 Apr. 23,1877 Apr. 25,1877 M a y 31,1877 June 11,1877 June 30,1877 Aug. 1,1877 Aug. 24,1877 Aug. 28,1877 Oct. 19,1877 Oct. 27,1877 Nov. 10,1877 Nov. 13,1877 Nov. 23,1877 Dec. 1,1877 Pec. 6,1877 Dec. 20,1877 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, 00!) 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 9!), 000 52,1(57 44,628 44,468 637 372 532 752 565 864 508 1,502 1, 395 1,971 1, 508 833 406 602 1,020 1,648 860 554 520 480 1,040 345 647 1,300 474 333 36, 556 1,744 61,850 1,435 88,035 62, 206 45, 247 52,175 43, 613 48,500 169,860 43,659 42,866 44,108 52, 322 44, 362 88, 890 43,899 33, 701 44,035 44, 225 421, 44, 87, 48, 760 047 757 699 1,965 4,199 953 1, 650 587 1,000 3, 230 1,341 634 892 1,678 638 1,110 1,101 949 965 775 19, 240 303 2,243 3,468 194 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO- VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd. Circulation. Name and location of bank. Date of liquidation. State National Bank,Minneapolis,Minn.. Dec. 31,1877 Second National Bank, St. Louis, Mo Jan. 8,1878 First National Bank, Sullivan, Ind ....do Rockland County National Bank, Nyack, Jan. 10,1878 N.Y First National Bank, Wyandotte, Kans .. Jan. 19,1878 Jan. 22,1378 First National Bank, Boone, Iowa First National Bank, Pleasant Hill, Mo .. Feb. 7,1878 Feb. 28, J 878 National Bank of Gloversville, N. Y First National Bank, Independence, Mo. Mar. 1,1878 Mar. 2,1878 National State Bank, Lima, Ind Mar. 4,1878 First National Bank, Tell City, Ind Mar. 5, 1878 First National Bank, Pomeroy, Ohio Eleventh Ward National Bank, Boston, Mass Mar. 14,1878 First National Bank, Prophetstown, 111.. Mar. 19,1878 First National Bank, Jackson, Mich Mar. 26,1878 First National Bank, Eau Claire, Wis... Mar. 30,1878 First National Bank, Washington, Ohio. Apr. 5,1878 First National Bank, 'Middleport, Ohio.. Apr. 20,1878 First National Bank, Streator, 111 Apr. 24.1878 First National Bank, Muir, Mich Apr. 25,1878 Kane County National Bank, St. Charles, 111 I. May 31,1878 First National Bank, Carthage, Mo June 1,1878 Security National Bank, Worcester, Mass. June 5,1878 First National Bank, Lake City, Colo June 15,1878 People's National Bank, Norfolk, Va July 31,1878 Topeka National Bank, Topeka, Kans .. Aug. 7,] 878 First National Bank, St. Joseph, Mo Aug. 13,1878 First National Bank, Winchester, Ind... Aug. 24,1878 Muscatine National Bank, Muscatine, Iowa Sept. 2,1878 Traders' National Bank, Chicago, 111 Sept. 4,1878 Union National Bank, Rah way, N. J Sept. 10,1878 First National Bank, Sparta, Wis Sept. 14,1878 Herkimer County National Bank, Little Falls, N. Y.... Oct. 11,1878 Farmers' National Bank, Bangor, Me Nov. 22,1878 Pacific National Bank, Council Bluffs, Iowa ISTov. 30,1878 First National Bank, Anamosa, Iowa Dec. 14,1878 Smithfield National Bank, Pittsburg, Pa. Dec. 16,1878 First National Bank, Buchanan, Mich... Dec. 21,1878 First National Bank, Prairie City, 111- - - - Dec. 24,1878 Corn Exchange National Bank, Chicago, Jan. 4,1879 Franklin National Bank,Columbus, Ohio. ....do Traders' National Bank, Bangor, Me Jan. 14,1879 FJrst National Bank, Gonic, N. H ....do First National Bank, Salem, N. C .-..do First National Bank, Granville, Ohio ....do Commercial National Bank, Petersburg, Va do First National Gold Bank, Stockton, Cal do First National Bank, Sheboygan, Wis do First National Bank, Boscobel, Wis Jan. 21,1879 National Marine Bank, Oswego, N, Y Jan. 25,1879 Central National Bank, Hightstown, N.J . Feb. 15,1879 Brookville National Bank, Brookvill©, Ind Feb. 18,1879 Farmers' National Bank, Centreville, Iowa Feb. 27,1879 First Nationa 1 Bank, Clarinda, Iowa ! Mar. 1,1879 Waterville National Bank, Waterville, Me Mar. 3,1879 First National Bank, Tremont, Pa Mar. 4,1879 First National Bank, Atlanta, 111. Apr. 15,1879 Union National Bank, Aurora, 111 Apr. 22,1879 National Bank of Menasha, Wis Apr. 26,1879 National Exchange Bank, Jefferson City, Mo May 8,1879 First National Bank, Hannibal, Mo May 15,1879 Merchants' National Bank, Winona, Minn June 16,1879 Farmers' National Bank, Keithsburg, 111. J uly 3,1879 First National Bank, Fran k '.in, Ky July 5,1879 National Bank of Salem, Salem, Ind . . . . ' Juty 8,1879 Capital. Issued. Eetired. Outstanding. $100,000 200, 000 50,000 $82, 500 53, 055 45,000 $80,154 48, 834 44,425 $2, 346 4,221 575 100, 000 50, (JOO 50, 000 50, 000 100, 000 50, 000 100,000 50,000 200, 000 89, 000 45, 000 32,400 45, 000 64,750 27, 000 33, 471 44,500 75, 713 87,206 44,235 31, 795 44,158 63, 726 25, 641 32. 202 44,000 71, 911 1,794 765 605 842 1, 024 1,359 1,269 500 3,802 200, 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 88, 205 43, 780 86, b55 37,702 67, 010 31,095 40, 065 43, 624 1,195 1,220 2,045 759 2,740 405 435 576 50, 000 50,000 100, 000 50, 000 100, 000 100, 000 100,000 60, 000 26, 300 44,500 49, 000 29, 300 85, 705 89, 300 67,110 52, 700 25,858 43,830 48, 320 29,109 83. 930 87, 217 64. 620 50, 998 442 670 680 191 1.775 2,083 2,490 1,702 100,000 2"0.000 100,000 50, 000 44,200 43.700 89, 200 45, 000 42,136 40,532 86,690 43,908 2,064 3,1(58 2.510 1,092 200, 000 100,000 178,300 89,100 100, 000 50, 000 200, 000 50, 000 50,000 45, 000 44, 500 78,750 27,000 27, 000 173,328 87, 362 43, 730 43, 342 76. 6t;0 26, 608 25, 860 4,972 1,738 1,270 1,158 2,150 392 1,140 500,000, 100, 000 100,000 60. 000 150,000 50,000 59,160 93. 070 76, 400 45. 597 128, 200 34, 365 53, 580 89,853 73, 632 43, 948 124, 630 33,129 5,580 3,217 2,7G8 1,649 3 570 1,236 120,000 300, 000 50,000 50,000 120, 000 100,000 99,800 238, 600 45, 000 43,900 44, 300 32,400 96, 388 225,001 44, 251 42,896 41, 948 31, 868 3,412 13,599 749 1,004 2,352 532 100, 000 89, 000 85,965 3,035 50,000 50, 000 125,000 75,000 50,000 125, 000 50, 000 41, 500 45, 000 110,300 64,600 26, 500 82, 000 44,500 40, 898 44, 244 106,823 61, 8-i1 25, 920 79,305 43,565 602 756 3,477 2,759 580 2,695 935 50,000 100,000 45,000 88,200 1,100 3,836 100,000 50, 000 100,000 50,000 35,000 27,000 54, 000 44,400 43,900 84, 364 34,346 26, 310 52, 465 43, 803 654 690 1,535 597 195 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO- VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cout'd. Circulation. Nanie and location of banks. Date of liquidation. Capital. Issued. $45, 000 $125, 000 Fourth National Bank, Memphis, Tenn. July 19,1879 87, 200 100.000 Bedford National Bank, Bedford, Ind ... Julv 21,1879 50, 000 26, 500 Aug. 15,1879 First National Bank, Afton, Iowa 50, 000 45. 000 First National Bank, Deer Lodge, Mont. Aug. 16,1879 50,000 44,300 Aug. 30,1879 First National Bank, Batavia, 111 National Gold Bank and Trust Company, 40, 000 750, 000 Sept. 1,1879 San Francisco, Cal Gainesville National Bank, Gainesville, 100, 000 90, 000 Nov. 25,1879 Ala. 90,000 100,000 First National Bank, Hackensack,N. J_. Dec. 6,1879 50, 000 27, 000 National Bank of Delevan, Delevan, Wis. Jan. 7,1880 Mechanics' National Bank, Nashville, 100, 000 90, 000 Jan. 13,1880 Tenn Manchester National Bank, Manchester, 48,303 50, 000 ..do. Ohio. 30, 600 50, 000 Mar. 5,1880 First National Bank, Meyersdale, Pa 90,000 100, 000 Mar. 8,1880 First National Bank, Miffiinburg, Pa National Bank of Michigan, Marshall, 100. 800 M a y 14,1880 120, 000 Mich. 31, 500 100, 000 National Exchange Bank, Houston, Tex. Sept. 10,1880 90,000 100,000 Ascutney National Bank, Windsor, Vt.. Oct. 19,1880 54, 000 60,000 First National Bank, Seneca Falls, N. Y. Nov. 23,1880 27, 000 Nov. 27, 1880 50,000 First National Bank, Baraboo, Wis 45, 000 50, 000 Bundy National Bank, Newcastle, Ind .. Dec. 6,1880 45,000 50,000 Vineland National Bank. Vineland. N. J . Jan. 11,1881 Oceau Count}' National Bank, Tom's 119,405 100, 000 Eiver, N . J . .do . 45,000 50, 000 Hungerford National Bank, Adams, N.Y. Jan. 27,1881 Merchants' National Bank, Minneapolis, I 150, 000 98, 268 Jan. 31,1881 Minn. Farmers' National Bank, Mechanics100, 000 30,140 burg, Ohio Feb. 18,1881 45,000 50, 000 First National Bank, Green Spring, Ohio. ....do First National Bank, Cannon Falls, 45, 000 Minn 50, 000 Feb. 21,1881 53,058 50,000 First National Bank, Coshocton, Ohio .. ....do Manufacturers' National Bank, Three 45, 000 50, 000 Rivers, Mich Feb. 25,1881 45.000 50, 000 ....do First National Bank, Lansing, Iowa 75, 510 100, 000 First National Bank, Watertown, N. Y. May 26,1881 45, 000 60,000 June 17,1881 First National Bank, Americus, Ga 26,500 50, 000 First National Bank, St. Joseph, Mich.. June 30,1881 45. 000 50, 000 July 8,1881 First National Bank, Logan, Ohio 45, 000 50, 000 Aug. 9,1881 First National Bank, Rochelle, 111 45, 000 50, 000 Aug. 10,1881 First Nationl BaiiK, Shakopee, Minn 81, 665 50, 000 National State Bank, Oskaloosa, Iowa... Aug. 13,1881 90, 000 100, 000 Aug. 27,1881 First National Bank, Hobart, N. Y 45,000 50, 000 Aug. 30,1881 Attica National Bank, Attica N. Y 270, 000 300,000 Oct. 4,1881 National Bank of Brighton, Boston,Mass . 100, 000 Clement National Bank, Rutland, Vt. x .. Aug. 1,1881 45,000 50, 000 Nov. 1,1881 First National Bank, Lisbon, Iowa 48,500 50, 000 Dec. 1,1881 First National Bank, Warsaw, Ind 45, 000 50, 000 Brighton National Bank, Brighton, Iowa- Dec. 15,1881 72, 000 120, 000 Merchants'National Bank, Denver, Colo. Dec. 24,1881 45, 000 50,000 Merchants' National Bank, Holly, Mich. Dec. 31,1881 45, 000 50,000 Jan. 3,1882 First National Bank, Alliance, Ohio National Union Bank, New London, 112,818 300, 000 Conn Jan. 10,1882 90, 000 100,000 National Bank of Royalton, Vt ....do 45, 000 50,000 First National Bank, Whitehall, N. Y .. Jan. 18,1882 43,700 70, 000 National Bank of Pulaski, Tenn Jan. 23,1882 90, 000 100,000 First National Bank, Alton, 111 Mar. 30,1882 45, 000 50, 000 Havana National Bank, Havana, N. Y.. Apr. 15,1882 67, 500 75, 000 First National Bank, Brownsville, Pa,.. May 2,1882 81 060 100, 000 Second National Bank, Franklin, Ind . . . June 20,1882 Merchants' National Bank, Georgetown, 45, 000 50,000 June 22,1882 Colo. 90, 000 100, 000 CommercialNationalBank, Toledo, Ohio. July 6,1882 45, 000 50, 000 Harmony National Bank, Harmony, Pa. July 7,1882 54,000 July 22,1882 60, 000 First National Bank, Liberty, Ind Manufacturers' National Bank, Amster72, 000 80, 000 A u g . 1,1882 dam, N. Y 156,100 400,000 Nov. 8,1882 First National Bank, Bay City, Mich 100, 000 69,201 First National Bank, Ripley, Ohio Nov. 10,1882 National Bank of State of New York, New York, N. Y Dec. 6,1882 800, 000 379, 004 First National Bank, Wellington, Ohio. Dec. 12,1882 100.000 90,000 Second National Bank, Jefferson, Ohio.. Dec. 26,1882 100,000 | 90,000 bank with same title no circulation. Retired. Outstand- $43,300 85, 594 25. 554 43,970 42,420 $1. 700 1, 606 946 1,030 1,880 29,590 10, 410 87, 095 87,840 25, 920 2,905 2,160 1, 080 85,400 4,600 46, 698 30,150 86,485 1, 605 450 3, 515 97, 263 30,232 87,126 52, 768 26,403 44, 539 44,416 Hi, 110 42,121 3,537 1,268 2,874 1. 232 '597 461 584 5,295 2,879 96,367 1,901 29.145 44, 024 995 976 44, 393 51, 770 607 1,288 43, 989 43. 502 71, 345 43, 980 25. 665 43,615 44, 054 43, 695 78, 895 86. 816 44, 280 260, 890 1,011 1, 498 4,165 1,020 8.<5 1, 385 946 1, 305 2,770 3,184 720 9,110 44,130 46, 945 43, 904 70, 490 43, 872 43, 699 870 1,555 1,096 1,510 1,128 1,301 107, 750 86, 953 42,419 41, 899 • 86, 234 43, 369 64, 070 75,800 5,068 3, 047 2,581 1,801 3,766 1,631 3,430 5,260 44,203 87, 910 43, 660 52, 346 797 2,090 1, 340 1,654 70,160 150,836 63,934 1, 840 5, 264 5,267 382, 387 87,047 86,774 14, 617 2, 953 3, 226 196 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PROVISIONS OP SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd. Circulation. Name and location of bank. Date of liquidation. Capital. First National Bank, Painesville, Ohio .. Dec. 30,1882 $200,000 Saint Nicholas National Bank, New York, N.Y ...do 500,000 Fifth National Bank, Chicago, HI ...do 500, 000 First National Bank, Dowagiac, Mich . . . Jan. 3,1883 50, 000 First National Bank, Greenville, 111 Jan. 9,1883 150,000 Merchants' National Bank, East Saginp,w, Mich 200,000 ..do . Logan County National Bank, Russellville, Ky 50,000 -do. 100, 000 National Bank of Vandalia, 111 Jan. 11,1883 50,000 Traders' National Bank, Charlotte, N. C- Jan. 10,1883 45,000 First National Bank, Norfolk, Nebr Feb. 3,1883 First National Bank, Midland City, Mich* 30, 000 Feb. 5,1883 Citizens' National Bank, New Ulm, Minn Mar. 1,1883 50, 000 National Bank of Owen, Owenton, Ky .. Mar. 5,1883 56, 000 Merchants' National Bank, Nashville, Tenn June 30,1883 300,000 Indiana National Bank, Bedford, Ind Aug. 25,1883 35,000 Stockton National Bank. Stockton, Cal .. Oct. 1,1883 100, 000 Wall Street National Bank, New York, N.Y Oct. 15,1883 500, 000 Commercial National Bank, Reading, Pa. Oct. 23,1883 150,000 Corn Exchange National Bank, Chicago, 111.* Nov. 10,1883 700,000 Farmers' National Bank, Sullivan, Ind .. Dec. 24,1883 50,000 City National Bank, La Salle, 111 Jan. 8,1884 100, 000 Hunt County National Bank, Greenville, Tex Jan. 22,1884 68,250 Waldoboro National Bank, Waldoboro, Me Jan. 31,1884 50,000 Third National Bank, Nashville, Tenn . . Feb. 20,1884 300, 000 Madison County National Bank, AnderMar. 25.1884 50,000 son, Ind 1 Apr. 7,1884 50, 000 First National Bank, Phoenix. Ariz 150,000 Cobbossee 1National Bank, Gardiner, Me. Apr. 18,1884 Mechanics and Traders' National Bank,' 200, 000 Apr. 24,1884 New York, N . Y Princeton National Bank, Princeton, 100, 000 May 17,1884 N. J 50, 000 Kearsarge National Bank, Warner, N. H . June 30,1884 50, 000 Second National Bank, Lansing, Mich... July 31,1884 50, 000 Aug. 9,1884 First National Bank, Ellensburg, Wash.. 50,000 German National Bank, Millerstown, P a . Aug. 12,1884 Exchange National Bank, Cincinnati, 500,000 Aug. 27,1884 Ohio 75,000 Sept. 30,1884 First National Bank, Rushville, 111 100, 000 Mechanics' National Bank, Peoria, 111... Oct. 4,1884 50,000 Oct. 10,1884 First National Bank, Freeport, Pa Genesee County National Bank, Batavia, Oct. 11,1884 50,000 N.Y 50,000 Valley National Bank, Red Oak, I o w a . . . Oct. 20,1884 Merchants' National Bank, Bismarck, 73,000 N.Dak ] Oct. 28,1884 Manufacturers' National Bank, MinneNov. 1,1884 300,000 apolis, Minn Farmers and Merchants' National Bank, Nov. 10,1884 50,000 Uhrichsville, Ohio Metropolitan National Bank, New York Nov. 18,1884 3,000,000 N.Y ; First National Bank, Grand Forks, N. Dec. 2,1884 50,000 Dak Dec. 8,1884 50,000 Iron National Bank, Gunnison, Colo... Freehold National Banking; Company Dec. 10,1884 50, 000 Freehold, N.J f. . . . . . . ' . Dec. 16,1884 50,000 Albia National Bank, Albia, Iowa ....do 50,000 First National Bank, Carlinville, H I . . . Dec. 26,1884 100,000 Freeman's National Bank, Augusta, Me Jan. 1,1885 250,000 First National Bank, Kokomo, Ind Jan. 2,1885 50, 000 First National Bank, Sabetha, Kans . . . Jan. 13,1885 50, 000 First National Bank, Wyoming, 111 ....do 50, 000 First National Bank, Tarentum, Pa Jan. 21,1885 60,000 First National Bank, Walnut, 111 Jan. 24,1885 50,000 Farmers' National Bank, Franklin, Tenn Jan. 27,1885 50,000 Citizens' National Bank, Sabetha, Kans * N o circulation issued. Issued. Retired. Outstanding- $162, 800 $154,376 ' $8,424 450,000 29,700 45,000 59,400 424,530 22,599 43,368 56,164 25,470 7,101 1,632 3, 236 101,100 95, 299 5,801 40, 050 90, 000 38, 800 11, 240 38. 980 85.930 37, 500 11, 040 1,070 4,070 1,300 200 27, 000 48,900 26,160 46, 960 840 1,940 141, 200 11,250 90, 0J0 134, 810 11,250 87, 610 6,390 102,800 135, 000 92, 822 129,790 9,978 5,210 45, 000 22, 500 17,300 42, 770 21,260 2,230 1,240 16,180 1,120 44,000 167, 600 41,124 160,140 2. 876 7,460 45, 000 11,240 90, 000 43,720 11,060 84,506 1,280 180 5,434 85,400 77,810 7,590 72,500 23, 586 40,000 13,500 45,000 69,805 22, 465 36, 894 13, 050 41,185 2,695 1,121 3,106 450 3,815 78, 000 66. 500 72,000 44, 200 73, 720 61, 369 66,423 41,100 4,280 5,131 5,577 3, lOt) 45,000 22,150 43, 510 20, 660 1,490 1,490 2,390 22, 500 22, 040 460 45,000 42, 690 2,310 34, 600 32, 800 1,800 1,447,000 1,313, 037 133,963 19,250 11, 250 18,800 10, 860 450 390 93, 000 11, 240 22,450 90, 000 45,000 10,740 11, 2dO 42, 500 36,000 10, 740 XI, 240 86,425 10,970 20,847 83, 556 42, 500 10, 545 10,510 39. 310 33,880 10,430 10, 940 6,575 270 1, 603 6,444 2,500 195 690 3,190 2,120 310 30Q REPORT DP THE COMPTROLLER OP THE CURRENCY. 19? NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO- VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd. Circulation. Name and location of bank. Date of liquidation. Capital. Issued. Retired. Outstanding. 31,1885 7,1885 1,1885 9,1885 28,1885 6,1885 $100, 000 50, 000 50, 000 50, 000 50, 000 175, 300 $28,100 16, 200 27, 350 11, 250 43,800 120,100 $27,440 15,775 25, 970 10, 040 40,160 104,820 1,380 1,210 3,640 15, 280 May 12,1885 May 16,1885 May 18,1885 50, 000 60, 000 100, 000 10,240 18,900 72,000 9,940 18,430 66, 672 5,328 5,1885 14,1885 21,1885 3,1885 125, 000 100, 000 1,200,000 50, 000 106, 200 66. 800 25,100 27,350 98,758 61,199 15, 202 24,750 7,442 5,601 9,898 2,600 Oct. 10,1885 Oct. 21,1885 Dec. 4,1885 Jan. 6,1886 Feb. 15,1886 50,000 50, 000 250,000 50,000 50,000 45,000 11, 250 44,960 23,490 26, 500 42, 374 10, 370 39, 920 21,700 25, 264 2,626 Mar. 12,1886 Mar. 22,1886 Mar. 24.1886 Apr. 14,1886 Apr. 20,1886 May 8,1886 May 12, 1886 May 28,1886 July 31,1886 50, 000 50,000 50, 000 100, 000 50, 000 150,000 50, 000 100,000 50,000 11,240 11, 240 13,490 89, 520 25, 760 33, 750 45, 000 35, 490 15, 500 10, 830 10,250 12, 840 79, 761 24, 790 30, 990 39,710 31,645 14,150 410 990 650 2,760 5, 290 3,845 1,350 Aug. 9,1886 Sept. 16,1886 ...Tdo Sept. 25,1886 50, 000 50, 000 50, 000 50, 000 11, 240 11, 250 39, 680 13,410 11,240 10, 090 35,049 11,820 1,160 4,631 1,590 Oct. 11,1886 Oct. 14,1886 Oct. 20,1886 Oct. 21,1886 do Oct. 22.1886 Oct. 2a, 1886 51,100 50, 000 50, 000 50,000 125, 000 50, 000 50, 000 45, 000 45,000 39, 310 45,000 96, 140 45, 000 45,000 41,357 39,480 36, 464 39,380 82,050 39, 620 42, 032 3,643 5,520 2,846 5,620 14, 090 5, 380 2,968 Oct. 25,1886 Nov. 11,1886 Nov. 27,1886 100, 000 500, 000 50, 000 22, 500 162, 325 11, 250 20,250 143, 945 10, 850 2,250 18, 380 Nov. 29,1886 Dec. 1,1886 Dec. 6, 1886 Dec. 18,1886 Dec. 28, 1886 Dec. 31,1886 ....do 50, 000 50,000 50, 000 50,000 50,000 50, 000 50,000 11,250 45,000 11, 250 13,892 18,000 38, 250 13,500 9,980 41, 828 10, 020 10,691 15, 910 31, 735 11,745 1,270 3,172 1,230 3,201 2,090 .6,515 1,755 10,1887 14,1887 28,1887 9,1887 11,1887 100, 000 500,000 100,000 100, 000 60,000 22, 500 237, 230 75, 610 42, 500 27, 000 21,060 207,577 68, 310 35, 302 25, 090 1,440 29,653 7,300 7,198 1,910 Mar. 15,1887 100, 000 22,500 20,060 2,440 Mar. 23,1887 Winsted National Bank, Winsted, Conn. Apr. 12,1887 50,000 50,000 11, 250 11, 250 10,570 9,645 1,605 100, 000 50, 000 50,000 52, 450 50, 000 50, 000 50, 000 500, 000 100, 000 50,000 22, 500 11, 250 11, 250 47,205 11,250 11, 250 11, 700 45, 000 22, 500 10,750 20, 660 10, 785 10,030 43, 422 10,605 10,585 10, 880 40, 000 21,020 9,170 First National Bank, Tucson, Ariz Ripon National Bank, BApon, Wis Farmers' National Bank, Franklin, Ohio. First National Bank, Prescott, Ariz National Union Bank, Swan ton, Vt German National Bank, Memphis, Tenn. Merchants and Farmers' National Bank, ShakoDee MLinn First National Bank, Superior, Wis Shetucket National Bank, Norwich, Conn Cumberland National Bank, Cumberland, R. I . . . First National Bank, Columbia, Tenn--. Union National Bank, New York, N. Y.. First National Bank, Centerville, Ind... Manufacturers' National Bank, Apple-nton Wis irst National Bank, Plankinton, S. Dak. Valley National Bank, St. Louis, Mo First National Bank, Belton, Tex First National Bank, Granville, Ohio Concordia National Bank, Concordia, Kans Citizens' National Bank, Beloit, Wis First .National Bank, Dayton, Wash First National Bank, Macomb, 111 First National Bank, Jesup, Iowa Dallas National Bank, Dallas, Tex First National Bank, Lewistown, 111 First National Bank, Cedar Rapids, Iowa First National Bank, Socorro, N. Mex .. Custer County National Bank, Broken Bow, Nebr Roanoke National Bank, Roanoke, Va... Fi^st National Bank, Brown ville, Nebr First National Bank, Leslie, Mich Mount Vernon National Bank, Mount Vernon, 111 . .. National Bank, Piedmont, W. Va First Natianal Bank, St. Clair, Mich First National Bank, Milford, Mich National Bank of Kingwood, W. Va Merchants' National Bank. Lima, Ohio.. Hubbard National Bank, Hubbard, Ohio. Commercial National Bank, Marshalltown, Ohio First National Bank, Indianapolis. Ind Firat National Bank, Concord, Mich Jamestown National Bank, Jamestown, N Dak First National Bank, Berea, Ohio First National Bank. Allerton, Iowa Second National Bank, Hillsdale. Mich.. Topton National Bank. Topton. Pa First National Bank, Warsaw, 111 First National Bank, Hamburg, Iowa ... Darlington National Bank, Darlington, s.c National Bank, Cincinnati,Ohio.. Union Roberts' National Bank, Titus ville, Pa.. National Bank of Rah way, N. J Olney National Bank, Olney, 111 Metropolitan National Bank, Leavenworth, Kans ... Ontario County National Bank, CananCouncil Bluffs National Bank, Council Bluffs, Iowa ... .. First National Bank, Homer, 111 First National Bank, Beloit, Wis Mystic National Bank, Mystic, Conn ... Exchange National Bank, Louisiana, Mo. Exchange National Bank, Downs, Kans. First National Bank, Tecumseh, Nebr .. Third National Bank, St. Paul, Minn... First National Bank, Marshall, Mo First National Bank, Greene, Iowa Jan. Feb. Apr. Apr. Apr. May June July July Oct. Feb. Feb. Feb. Mar. Mar. May 5,1887 June 22, 1887 June 30, 1887 July 7,1887 July 12,1887 Aug. 1,1887 Nov. 3,1887 Nov. 4,1887 Dec. 6,1887 Dec. 15,1887 $660 425 300 470 880 5,040 1,790 1,236 9, 759 970 400 780 1,840 465 1,220 3,783 645 665 820 5,000 1,480 1,580 i98 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO- VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd. Name and location of bank. Date of liquidation. Fulton National Bank, New York, N.Y.*. Dec. 20,1887 Fayetteville National Bank, FayetteDec. 31,1887 ville, N.C National Bank, Somerset, Ky First NatL^i'Ba^nk, Richburg, N. Y ! Jan. 10,1888 Scituate National Bank, Scituate, R. I-.. | Jan. 11,1888 National Bank, Franklin, Ind i Jan. 31,1888 First National Bank, Hampton, Iowa F i s National a n a Bank, a , Greensburg, G e g , Kans Feb. 10,1888 First First National Bank, Central City, Nebr. Feb. 11,1888 Duluth National Bank, Duluth, Minn ... Feb. 20,1888 Bismarck National Bank, Bismarck, N. Dak Mar. 1,1 First National Bank, Ashton, S. Dak Mar. Citizens' National Bank, Sioux Falls, S. Apr. 24,1888 Dak First National Bank, Stanton, Mich Apr. 30,1888 First National Bank, Fairmont, Nebr May 1,1888 First National Bank, Greenleaf, Kans -. - May 9,1888 National Bank Genesee, Batavia, N. Y... May 21,1888 Strong City National Bank, Strong City, May 26,1888 Kans Citizens' National Bank, Saginaw, Mich. June 1,1888 Saugerties National Bank, Saugerties, N:Y. Circulation. Capital. Retired. Outstanding. $300, 000 200, 000 50. 000 50, 000 56, 000 '50, 000 50, 000 50, 000 50, 000 300, 000 $39, 580 45, 000 25, 905 35, 018 11,250 11,250 11, 240 10, 710 45, 000 $34, 506 35, 405 23, 880 30, 481 10,095 9,940 10, 325 9,910 38,140 $5, 074 9,595 2, 025 4, 537 1,155 1,310 915 800 6,860 50,000 50,000 11, 250 11, 250 ?•; 200 1,050 1,660 50, 000 50, 000 50,000 50, 000 . 75,000 11, 250 11, 250 11, 250 11,250 44, 434 10, 430 9, 950 10, 520 10,540 36, 014 820 1,300 730 710 8,420 50, 000 100, 000 11, 250 45,000 10,190 37,670 125, 000 300,000 100, 000 93,316 74, 730 22,500 77, 905 56,840 18, 450 1,060 7,330 15,411 17,890 280, 000 52,510 40, 990 June 16,1888 Hyde National Bank, Titusville, Pa June 21,1888 State National Bank, Omaba, Nebr July 18,1888 Cincinnati National Bank, Cincinnati, Obio Aug. 1,1888 First National Bank, Wortbington, Minn Sept, 5,1888 South Framingham National Bank, South Framingham Mass Sept. 8,1888 Sept. 4,1888 First National Bank, Alameda, Cal First National Bank, Grass Valley, Cal. Sept. 18,1888 Merchants' National Bank of West VirOct. 4,1888 ginia, Morgan town, W. Va First National Bank, Cawker City, Kans. Oct. 9,1888 San Diego National Bank, San Diego, Nov. 7,1888 Cal National Exchange Bank, Auburn, N. Y Nov. 16,1888 National Bank of Dayton, Wash Nov. 21,1888 First National Bank, Colby, Kans ....do First National Bank, Russell Springs, Kans ....do First National Bank, Columbia, S. Dak.. Nov. 26,1888 Citizens' National Bank, Kingnian, Kans Dec. 24,1888 Bowery1 National Bank, New York, N. Y. Jan. 2,1889 Second National Bank, Iona, Mich Jan. 8,1889 First National Bank, Johnstown, N. Y.. Jan. 16,1889 First National Bank, Canandaigua, N. Y. Jan. 26,1889 Pendleton National Bank, Pendleton, Oregon Feb. 4,1889 Iowa City National Bank, Iowa City, Iowa • Feb. 7,1889 Fleming County National Bank, Flemingsburg, Ky Feb. 9,1889 Merchants' National Bank, El Dorado, Kans Feb. 26,1889 Merchants' National Bank, Des Moines, Iowa Mar. 1,1889 Norwich National Bank, Norwich, Conn Mar. 15,1889 First National Bank, Franklin, Nebr Mar. 27,1889 Farmers and Mechanics' National Bank, Buffalo, N.Y Apr. First National Bank, Dp Bois City, Pa . Apr. First National Bank, Cimarron, Kans.. Apr. 27,1889 Traders' National Bank, San Antonio, Tex Apr. 29,1889 Merchants' National Bank, Duluth, Minn M a y 20,1889 Wright County National Bank, Clarion, Iowa « June 19,1889 National Bank, Lawrence, Kans June 29,1889 Issued. * N o circulation. 4,050 11, 520 75,000 16, 875 15,220 100, 000 100, 000 50, 000 110, 000 50, 000 21, 720 27, 000 11, 250 17, 050 21,510 8,940 80, 830 11, 250 63, 340 9,140 1,655 4,670 5,490 2,310 17, 490 2,110 100, 000 200,000 50, 000 50,000 22, 500 97, 520 11,250 11, 250 18, 300 76, 870 8,730 10,190 4,200 20,650 2, 520 1,060 50,000 50, 000 50, 000 250, 000 50, 000 100,000 75, 000 10,690 11, 250 11, 250 217, 710 21,870 86, 590 17,100 9,090 9,975 8,540 171,110 16,284 72, 533 1, 600 1,275 2,710 46v600 5, 586 14,057 6,070 50,000 11,250 200,000 45, 000 50,000 26, 622 100,000 22, 500 100, 000 220,000 60, 000 200, 000 50,000 50,000 22, 500 77,150 13, 000 19,040 17,355 53, 660 11, 444 5,145 23,490 1,556 26,100 11, 250 10,170 19,294 8,970 8,965 2,280 1,205 100,000 22, 500 16,390 6,110 200,000 45,000 37,770 7,230 50, 000 100,000 11,250 49,809 7,990 33, 610 3,260 16,199 11,030 9,230 34,450 19, 999 2,020 10, 550 6,623 3,460 REPORT OF THE COMPTROLLER OF THE CURRENCY. 199 NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO- VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—Cont'd. Circulation. Name and location of bank. Date of liquidation. Capital. $100,000 National Bank, Le Roy, N. Y J u n e 29, 1889 50,000 Halstead National Bank, Halstead, Kans - . . . .do . . 250, 000 Farmers' National Bank, Mt. Sterling, Ky J u l y 1, 1889' 50, 000 .do . First National Bank, Keyport, N. J 50, 000 National Bank, Huntsviile, Ala July 3, 1889 60. 000 German National Bank, Newton, Kans .. July 19, 1889 50, 000 First National Bank, Clay Center, Nebr.. Aug. 8, 1889 60, 000 Vernon National Bank, Vernon, Tex.* ... Aug. 17, 1889 I 66,000 Butler National Bank, Butler, Mo Aug. 23, 1889 50, 000 Second National Bank, Lebanon, Tenn .. Sept. 18, 1889 125, 000 National Bank, Kinderhook, N. Y Oct. 1, 1889 50, 000 First National Bank, Woodstock, 111 Oct. 31, 1889 Farmers and Merchants' National Bank, Valley City, N. Dak .• 65,000 Dec, 1,1889 100, 000 Union National Bank, La Crosse, Wis... Dec. 9,1889 Harper County National Bank, Anthony, 50,000 Kans .".. Dec, 20,1889 Lumberman's National Bank, Williams100, 000 Dec. 31,1889 port, Pa 50, 000 First National Bank, South Haven, Mich. . . . . d o 50, 000 Durango National Bank, Durango, Colo.. Jan. 6,1890 50, 000 Jan. 11,1890 First National Bank, Fox Lake, Wis 50, 000 First National Bank, Ogallala, Nebr |....do 50,000 First National Bank, Stockton, Kans j Jan, 15,1890 50, 000 First National Bank, Rulo, Nebr Jan. 20,1890 50,000 First National Bank, Eagle Grove, Iowa. . . . . d o 100, 000 Toledo National Bank, Toledo, Ohio Jan. 21,1890 National Exchange Bank, Kansas City, 200, 000 Mo Jan. 28,1890 60, 000 National Bank, New Castle, Ky Feb. 4,1890 Plymouth National Bank, Plymouth, 50, 000 Mich Feb. 25,1890 100, 000 First National Bank, Lockport, N. Y Feb. 28,1890 Merchants' National Bank, Amsterdam, 100, 000 Mar. 15,1890 N. Y 100, 000 National Bank of Texas, Galveston, Tex. Mar. 19,1890 50, 000 Mar. 27,1890 Bowie National Bank, Bowie, Tex.* First National Bank, Union Springs,N.Y. Mar. 31,1890 ' 50,000 50, 000 Apr. 18,1890 Ferris National Bank, Swan ton, Vt 100,000 Apr. 19,1890 First National Bank, Rock Island, 111 50, 000 First National Bank, Ketchum, Idaho ... Apr. 28,1890 Winchester National Bank, Winchester, 200, 000 Apr. 29,1890 Ky 50, 000 Apr. 30,1890 First National Bank, Harper, Kans 50,000 First National Bank, Loup City, Nebr... June 21,1890 250,000 June 24,1890 American National Bank, Waco, Tex Hamilton County National Bank, Web50, 000 June 30,1890 ster City, Iowa 150,000 Planters' National Bank, Henderson, Ky. ....do 100,000 Wakefield National Bank, Wakefield,R.I. July 1,1890 Jewell County National Bank, Mankato, 50,000 July 2,1890 Kans 125,000 A ug. 5,1890 Citizens' National Bank, Flint, Mich 50,000 A u g . 28,1890 N. Village Bank, Bowdoinham, Me La Fayette National Bank, La Fayette, 300, 000 A u g . 2-9,1890 Ind 200, 000 Lincoln National Bank, Stanford, Ky Sept. 8,1890 Canastota National Bank, Canastota, 55, 000 Sept. 25,1890 NY 50,000 First National Bank, Whitehall, Mich .. Sept. 30,1890 Meade County National Bank, Meade Oct. 6,1890 50, 000 Center, Kans Farmers' National Bank, South Charles- ! 50, 000 ton, Ohio ! Oct. 15,1890 300, 000 First National Bank, Columbus, Ohio... do Commercial National Bank, St. Paul, J 500, 000 Minn \ Oct. 27,1890 German American National Bank, Kan- i D e c ' 5,1890 250,000 I sas City, Mo Dec. 20,1890 50, 000 First National Bank, Hill City, Kans 100, 000 First National Bank, Frankfort, Kans .. Jan. 8,1891 Jan. 13,1891 60, 000 Second National Bank, Owosso, Mich 100, 000 "WestSide National Bank, Wichita, Kans. ....do Anthony National Bank, Anthony, Kans. ....do....... 50, 000 Commercial National Bank, Rochester, Jan. 27,1891 200,000 N. y *No circulation. Issued. Retired. Outstanding. $22,500 i 11,250 ! 195. 680 1L250 44,900 13, 500 11,250 $17, 360 9, 630 130, 640 9, 740 26, 052 9, 530 9,420 $5,140 1, 620 65,040 1, 510 18,848 3, 970 1,830 14, 850 11, 250 78, 220 27, 000 10, 585 7,120 61, 461 19,900 4,130 16, 759 7,100 14, 630 22, 500 11,250 j 10, 510 16, 510 4,120 5,990 32,580 11, 250 11,250 48, 005 11, 250 11, 250 30,360 11, 250 35,920 21,250 I 7,471 11,250 I. 32, 844 I 7,770 i '8,430 j 18,770 | 8,600 ! 20, 625 11, 330 3,779 45, 000 17, 670 27,120 11, 210 I 17, 880 6,460 11. 250 28,573 8,345 16,600 2,905 11,973 32,680 37, 487 26, 000 22,921 14, 566 15, 805 11, 240 24, 654 11,250 9,481 11, 240 14,602 8,230 10,052 3,020 45,000 11, 250 11,250 45,000 28, 600 6,930 7,590 29, 400 16,400 4,320 3,660 15, 600 11,250 33, 750 59, 249 7,190 18, 690 38,166 4,060 15, 060 21,083 11,250 32, 641 35, 748 8,020 18, 283 21,140 3,230 14,358 14, 608 64, 033 45,000 32,711 25,500 31, 322 19,500 55, 927 11,250 37,173 5,580 18,754 5,670 11, 250 6,110 5,140 11,710 220r 465 7,490 129, 205 4,220 91,260 45,000 25, 770 19,230 45,000 10, 750 22,500 13,500 22, 500 10, 750 23, 380 6,470 12, 570 8,000 11,830 4,900 21,620 4,280 9,930 5,440 10, 670 5,850 41,820 22,260 19,560 7,570 i 15, 761 3,480 2, 820 11,590 2,650 15, 295 6,324 200 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PRO- VISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.— Cont'tL. Circulation* Name and location of bank. Date of liquidation. Capital. Mercantile National Bank, Louisiana, $50, 000 Mo Jan. 27,1891 50,000 National Bank, El Dorado, Kans Feb. 9,1891 Feb. 12,1891 50, 000 First National Bank, Suffolk, Va Citizens' National Bank, Medicine Lodge, Feb. 19,1891 50,000 Kans Feb. 23,1891 100, 000 Rome National Bank, Rome, Ga 50, 000 Windsor National Bank, Windsor, V t . . Feb. 24,1891 Beadle County National Bank, Huron, 50,000 Feb. 26,1891 S.Dak American National Bank, Sioux City, Mar. 12,1891 150, 000 Iowa United States National Bank, Atchison, 250,000 Mar. 24,1891 Kans Apr. 15,1891 50,000 First National Bank, Ashland, Kans Washington National Bank, New York, 300,000 Apr. 13,1891 N.Y. 50,000 First National Bank, Burr Oak, Kans... May 15,1891 Glenwood National Bank, Glenwood 100,000 May 23,1891 Springs, Colo 50,000 May 25,1891 First National Bank, Cardiff, Tenn East Saginaw National Bank, East Sag150,000 June 23,1891 inaw, Mich Twin City National Bank, New Brigh50,000 ton, Minn ..do Merchants' National Bank, Bingham100, 000 June 25,1891 ton, N.Y June 30,1891 First National Bank, Merced, Cal 200,000 National Bank of Union County, Mor100,000 ganfleld, Ky .do Citizens' National Bank, Belton, Texas.. July 1,1891 50,000 Citizens' National Bank, Gatesville. 50,000 Texas ....do 50,000 Ord National Bank, Ord, Nebr . Aug. 22,1891 50,000 Firft National Bank, Indianola, Nebr... Aug. 31,1891 50,000 National Bank, Anderson, S. C Sept. 1,1891 50,000 First National Bank, Flushing, Mich . . . Sept. 21,1891 100,000 First National Bank, Francestown, N. H Oct. 10,1891 Columbus' National Bank, New York, 200,000 Oct. 15,1891 N.Y 60,000 Citizens' National Bank, Colorado, Tex. Nov. 3,1891 50, 000 Dec. 1,1891 First National Bank, La Grange, Ga 300,000 Produce NationalBank, Philadelphia, Pa. Dec. 8,1891 Merchants' National Bank, Kansas City, 1,000,000 Dec. 22,1891 Mo 50,000 First National Bank, Manitowoc, Wis... Dec. 26,1891 50,000 Dec. 28,1891 First National Bank, Fairlield, Tex Commonwealth National Bank, Phila208,000 Dec. 31,1891 delphia, Pa Merchants' National Bank, Fort Dodge, 100,000 ....do.... Iowa 100,000 Jan, 12,1892 Giles National Bank, Pulaski, Tenn 50,000 ....do First National Bank, Quanah, Tex Northwestern National Bank, Aberdeen, Jan. 15,1892 100, 000 S.Dak 50,000 Castleton National Bank, Castleton, Vt. Jan. 22,1892 First National Bank, Chamberlain, S. 6,1892 50,000 Feb, Dak 50, 000 Feb. 9,1892 Sedan National Bank, Sedan, Kans Bronson National Bank, Painted Post, Feb. 29,1892 50, 000 N.Y 50,000 First National Bank, Ainsworth, Nebr. Mar. 3,1892 Mar. 4,1892 50, 000 First National Bank, Leoti, Kans Mar. 9,1892 50, 000 First National Bank, Blaine, Wash Erath County National Bank, StephenMar. 15,1892 50, 000 ville, Tex American National Bank, Birmingham, Mar. 22,1892 250,000 Ala 7 do 50, 000 First National Bank, Wilber, Nebr 50, 000 First National Bank, Greenville, Mich. Mar. 28,1892 National Exchange Bank, Columbus, Apr. 1,1892 100, 000 Ohio 100,000 Citizens' National Bank, Roanoke, Va.. Apr. 4,1892 Inter-State National Bank,New York, Apr. 15,1892 200, 000 N. Y 50, 000 First National Bank, Platte City, Mo... Apr. 25,1892 Apr. 30,1892 50,000 First National Bank. Jetmore, Kans Issued. Retired. Outstanding. $11, 250 10, 745 11, 250 $5,260 6,015 5,890 $5,990 4,730 5,360 11, 250 22, 500 22, 500 6,028 12, 250 12, 040 5, 222 10, 250 10,460 22,500 9,720 12,780 33, 750 18,130 15,620 45,000 13,250 21,190 5,890 23, 810 5,360 45,000 11, 250 24, 500 5, 540 20,500 5,710 22, 500 11,250 10,440 4,330 12,060 6,920 33,750 12,8%0 20,900 11,250 3,470 7,780 61, 638 24,445 37,193 43,400 88,090 19,300 35,650 24,100 52,440 10,750 11,250 11,250 11,250 14,050 11,250 61,135 3,700 4,080 3,980 4,215 5,090 4,110 23,470 7,050 7,170 7,270 7,035 8,960 7,140 37,665 45, 000 13, 500 11,700 45,000 26, 850 10,030 5,660 16, 240 18,150 3,470 6,040 28, 760 45,000 14, 816 11,250 10,010 3,010 3,200 34, 990 11,806 8,050 65,480 19, 620 45,860 22, 500 22, 500 11,250 5,010 4,662 2,550 17,490 17,838 8,700 22,500 14,630 6,030 3,000 16,470 11,630 11, 250 11, 250 3,170 2,470 8,080 8,780 22, 500 11,250 10,250 11,250 5,660 2,160 3,680 5,050 16.840 9,090 6,570 6,200 11,250 2,350 8,900 45, 000 13,000 11, 250 14,530 2,060 2,775 30,470 10,940 8, 475 50,670 21,700 45, 000 11, 250 11,250 9,960 3,920 40,710 17, 780 35,020 9,700 9,470 9,980 1,550 1,780 REPORT OF THE COMPTROLLER OF THE CURRENCY. 201 NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PROVISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES, ETC.—ContM. Name and location of bank. Date of liquidation. Tampa National Bank, Tampa, Fla May 2,1892 Birmingham National Bank, Birmingham, Ala ....do First National Bank, Stafford, Kans National Bank of Commerce, Hutchin- June 15,1892 son, Kans do First National Bank, Grafton, Mass June 21,1892 First National Bank, Dorchester, Nebr.. July ily i5,1892 First National Bank, Salina, Kans .do . Lincoln National Bank, Lincoln, Nebr... July 12,1892 First National Bank, Aurora, Mo July 22,1892 Farmers' and Traders' National Bank, Oskaloosa, Iowa July 30,1892 First National Bank, San Luis Obispo, A u g . 27,1892 Cal First National Bank, De Smet, S. Dak ... Sept. 14,1892 Merchants' National Bank, ChattaSept. 24,1892 nooga, Tenn National Bank of the Republic, Tacoma, Oct. 1,1892 Wash Total. Circulation. Capital. Issued. Eetired. Outstanding. $50,000 $11, 250 $1,800 $9,450 250, 000 50,000 45, 000 11,250 13, 600 1,320 31,400 9,930 100, 000 100, 000 50,000 150, 000 100,000 50, 000 22, 500 25,102 11,250 38, 750 22, 500 11, 250 2,800 2, 641 1,060 2, 090 2, 320 19, 700 22, 461 10,190 31, 660 20,180 11, 250 100,000 22,500 1,650 20,850 150,000 50, 000 33,750 11,250 1, 350 450 32, 400 10, 800 250,000 45,000 1,170 43,830 200, 000 45, 000 45, 000 80, 978, 010 42, 909, 599 39, 630, 838 3, 278, 761 202 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS I N LIQUIDATION UNDER SECTION 7, A C T J U L Y 12, 1882, W I T H D A T E OF E X P I R A T I O N OF CHARTER, CIRCULATION ISSUED, R E T I R K D , AND O U T - STANDING, SUCCEEDED BY ASSOCIATIONS WITH THE SAME OR DIFFERENT TITLE, OCTOBER 31, 1892. Name and location of bank. Pate of liquidation. , Circulation. Capital. Issued. First National Bank, Kittanning, Pa $200,000 $199,500 July 2,1882 National Bank of Beaver County, New Brighton, Pa» , Nov. 12,1884 200,000 97, 300 National Bank, Beaver Dam, Wis Dec. 24,1884 50,000 41,100 Merchants' National Bank, Cleveland, Oh io Dec. 27,1884 800, 000 228,100 Union National Bank, Chicago, 111 Dec. 29,1884 1 000,000 62, 800 First National Bank, Le Roy, N. Y 150,000 135, 0U0 Jan. 2,1885 Evansville National Bank, Evansville, Ind 543, 050 Jan. 3,1885 800, 000 National Albany Exchange Bank, Al243, 900 bany, N.Y Jan. 10,1885 300, 000 t 55, 900 National Bank, Galena, 111 Jan. 11,1885 100, 000 117, 000 National State Bank, Lafayette, Ind Jan. 16,1885 300, 000 43, 600 First National Bank, Knoxville, 111 60, 000 ....do 87,400 100, 000 Farmers' National Bank, Ripley, Ohio... Jan. 17.1885 45, 000 300, 000 City National Bank, Grand Rapids,Mich. Jan. 21,1885 41, 500 100, 000 Lee County National Bank, Dixon, 111... ....do Fort Wayne National Bank, Fort Wayne, 257, 300 Ind Jan. 25,1885 350, 000 50, 500 123, 000 National Exchange Bank, Tiffin, Ohio ... Mar. 1,1885 65,900 Mar. 9,1885 200,000 National Bank, Malone, N. Y Jefferson National Bank, Steubenville, 132, 600 Mar. 21,1885 Ohio 150, 000 89, 200 First National Bank, Battle Creek, Mich. Mar. 28,1885 100, 000 180, 000 ....do Central National Bank, Danville, Ky 200, 000 Knox County National Bank, Mount 53,200 Apr. 1,1885 Vernon, Ohio 75,000 45, 000 First National Bank, Houghton, Mich... Apr. 18,1885 100, 000 88,900 Apr. 22,1885 National Bank, Fort Edward, N. Y 100,000 86,100 May 4,1885 National Bank, Salem, N. Y 100, 000 National Exchange Bank, Seneca Falls, 88,400 May 6,1885 100,000 N.Y : 1 J u l y 5,1885 132,400 150,000 Trumbull National Bank, Warren, Ohio. Attleboro National Bank, North Attle- J u l y 17,1885 84, 300 100,000 boro, Mass 251, 500 July 24,1885 400, 000 American National Bank, Detroit, Mich. Aug. 12,1885 111, 500 125, 000 First National Bank, Paris, 111 21,000 Aug. 14,1885 50,000 First National Bank, St. Johns, Mich 43, 000 Sept. 1.18^5 100,000 Second National Bank, Pontiao, Mich ... Sept. 5; 1885 123, 900 400,000 Raleigh National Bank, Raleigh, N. C ..- Sept. 22,1885 130, 500 150, 000 First National Bank, Danville, Ky 57, 763 Jan. 1,1889 400, 000 Ohio National Bank, Cleveland, Ohio 45, 000 Apr. 7,1889 100,000 National Bank, Lebanon, Ky Monmouth. National Bank, Monmouth, Aug. 18,1890 21,800 100, 000 111 Muskegon National Bank, Muskegon, A u g . 27,1890 21,720 100, 000 Mich 66, 979 Oct. 3,1890 250,000 First National Bank, Richmond, Ky 57, 480 Oct. 15.1890 135, 000 First National Bank, Port Huron, Mich Jan. 23,1891 45, 000 200, 000 Tin ion National Bank, Oshkosh, Wis 45, 000 June 5,1891 200, 000 First National Bank, Grand Haven, Mich. Nov. 14,1891 45, 000 50,000 First National Bank, Plymouth, Mich... Nov. 29,1891 48,510 53, 900 National Bank of Wooster, Ohio 22, 500 Dec. 7,1891 100, 000 Defiance National Bank, Defiance, Ohio . Mar. 23,1892 11,250 50, 000 First National Bank, New London, Ohio. Apr. 27,1892 15, 750 70, 000 Citizens' National Bank, Mankato, Minn. Sept. 19,1892 45, 000 200, 000 Third National Bank, Sandusky, Ohio... Oct. 15,1892 22, 500 100, 000 Third National Bank, Urbana, Ohio Total 9, 643,900 4, 547,602 Retired. Outstanding. $190,440 $9, 060 89, 346 38, 799 7, 954 2,301 202. 759 47, 9.5 125,421 25,341 14, 8:55 9, 579 482,429 60, 621 227, 050 50, 543 100,538 40, 744 79, 201 40, 383 37,908 16,850 5, 357 16,462 2,856 8,199 4,617 3,592 236, 580 43,689 58,168 20, 720 6,811 7,732 121,652 77, 470 162, 974 10, 948 11, 730 17,026 47, 670 39, 227 80,796 79, 938 5,530 '5,773 8,104 6,162 82, 974 119,490 78,302 231,625 99,802 18,490 39,033 106, 287 115,976 42, 245 35, 326 5,426 12, 910 5,998 19, 875 11, 698 2, 510 3, 967 17, 613 14, 524 15, 518 9,674 10,420 11,380 12, 985 35,409 32,146 42, 960 19, 883 12,173 12,016 6,239 2,918 2,483 1,050 8,735 31, 570 25, 334 2,040 25,117 32, 827 36, 494 16, 261 8, 332 13,267 43, 950 22, 500 3, 861, 922 685. G80 REPORT OF THE COMPTROLLER OF THE CURRENCY. 203 NATIONAL BANKS THAT HAVE GONE INTO VOLUNTARY LIQUIDATION UNDER THE PROVISIONS OF SECTIONS 5220 AND 5221 OF THE REVISED STATUTES OF THE UNITED STATES, FOR THE PURPOSE OF ORGANIZING NEW ASSOCIATIONS WITH THE SAME OR DIFFERENT TITLE, WITH DATE OF LIQUIDATION, AMOUNT OF CAPITAL, CIRCULATION ISSUED, RETIRED, AND OUTSTANDING ON OCTOBER 31, 1892. Circulation. Name and location of bank. Pate of liquidation. Oct. 30,1880 First National Bank, Bondout, N. Y First National Bank, Huntingdon, Ind .. Jan- 31,1881 First National Bank, Indianapolis, Ind.. July 5,1881 Apr. 24,1882 First National Bank, Valparaiso, Ind First National Bank, Stillwater, Minn . . Apr. 29,1882 .do . First National Bank, Chicago, 111 First National Bank, Woodstock, 111.... Apr. 30,1882 Second National Bank, Cincinnati, Ohio. Apr. 28,1882 do Second National Bank, New York, N. Y . First National Bank, Portsmouth, N. H . Apr. 29,1882 May 5,1882 First National Bank, Richmond, Ind Second National Bank, Cleveland, Ohio . May 6,1882 First National Bank, New Haven, Conn. .do . May 2,1882 First National Bank, Akron, Ohio First National Bank, Worcester, Mass .. May 4,1882 May 9,1882 First National Bank, Barre, Mass do First National Bank, Davenport, Iowa .. First National Bank, Kendallville, Ind.. May 12,1882 First National Bank, Cleveland, Ohio . . . May 13,1882 First National Bank, Youngstown, Ohio May 15,1882 .do . First National Bank, Evansville, Ind .do . First National Bank, Salem, Ohio. May 18,1882 First National Bank, Scranton, Pa 'do'. First National Bank, Centreville, Ind . . . First National Bank, Fort Wayne, Ind.. May 22,1882 ....do First National Bank, Strasburg, Pa May 27,1882 First National Bank, Marietta, Pa May 31,1882 First National Bank, Lafayette, Ind First National Bank, McConnelsville, ..do . Ohio .do . First National Bank, Milwaukee, Wis .. May 31,1882 Second National Bank, Akron, Ohio First National Bank, Ann Arbor, Mich.. June 1,1882 ....do First National Bank, Geneva, Ohio ....do First National Bank, Oberlin, Ohio First National Bank, Philadelphia, P a . . . June 10,1882 ....do First National Bank, Troy, Ohio Third National Bank, Cincinnati, Ohio . . June 14, 1882 First National Bank, Cambridge City, Ind June 15,1882 First National Bank, Lyons, Iowa | do First National Bank, Detroit, Mich j June 17,1882 First National Bank, Wilkesbarre, Pa . . . June 20,1882 June 24,1882 First National Bank, Iowa City, Iowa... City, ....do First National Bank, Nash ua, N. H .do. First National Bank, Johnstown, Pa . June 29,1882 First National Bank, Pittsburg, Pa First National Bank, Terre Haute, Ind.. ....do First National Bank, Hollidaysburg, Pa. June 30,1882 ....do '.. First National Bank, Bath, Me " ....do First National Bank, Janesville, Wis First National Bank, Michigan" City, Ind. ....do First National Bank, Monmouth, 111 July 3,1882 July 11,1882 First National Bank, Marion, Iowa First National Bank, Marlboro, Mass . . . Aug. 3,1882 National Bank of Stanford, Ky 1 Oct. 3,1882 First National Bank, Sandusky, Ohio.... Oct. 6.1882 First National Bank, Sandy Hill, N. Y . . . Dec. 31,1882 First National Bank, Lawrenceburg, Ind Feb. 24,1883 First National ank, Cambridge, Ohio . . . . . . d o ....do First National Bank, Oshkosh, Wis First Nationsil Bank, Grand Rapids, Mich . . . . d o ....do First National Bank, Delphos, Ohio ....do First National Bank, Freeport. Ill ....do First National Bank, Elyria, Ohio First National Bank, Troy, N. Y ....do ....do Second National Bank, Detroit, Mich ....do Second National Bank, Peoria, 111 National Fort Plain Bank, Fort Plain, ....do.... N.Y Logansport National Bank, Logansport, Dec. 1,1883 Ind National Bank of Birmingham, Ala May 14,1884 June 1,1884 First National Bank, Westfield, N. Y First NationalBank, Independence, Iowa Oct. 31,1884 Capital. Issued. Retired. Outstanding. $300,000 100,000 300, 000 50,000 130,000 1, 000, 000 50,000 200, 000 300, 000 300, 000 200, 000 1,000, 000 500, 000 100, 000 300, 000 150, 000 100,000 150, 000 300,000 500, 000 500, 000 50,000 200,000 50, 000 300, 000 100,000 100, 000 150, 000 $270.000 90, 000 279, 248 45, 000 83,456 90,000 45,000 180, 000 376, 890 286, 000 87,400 510, 800 355, 310 114,822 252,000 135, 000 45, 000 90, 000 266, 462 441,529 442,870 110, 540 45, 000 64,525 45, 000 79, 200 99, 000 175,060 $258,741 86, 980 261,157 43, 244 80, 855 81,993 43, 310 171, 3.15 363, 435 274,196 81,248 486, 265 343,935 108, 052 243, 558 129, 286 41, 810 86, 420 252,452 428, 376 422, 840 105, 920 40,560 61,319 39, 706 76, 037 94,570 164, 986 $11,259 3,020 18,091 1,756 2,601 8,007 1,690 8,685 13.455 11, 804 6,152 24, 535 11, 375 6,770 8,442 5,714 3,190 3,580 14, 010 13,153 20,030 4,620 4,440 3,206 5,294 3,163 4,430 10, 074 50, 000 200,000 100,000 100, 000 100, 000 50, 000 1,000,000 200,000 800, 000 50, 000 100, 000 500, 000 375. 000 100,000 100, 000 60, 000 750, 000 200,000 50, 000 200, 000 125, 000 100, 000 75,000 50,000 200, 000 150, 000 150, 000 50, 000 100, 000 100, 000 100, 000 400, 000 50, 000 100. 000 100, 000 300, 00 1,000, 000 100, 000 84, 640 229,170 102, 706 85, 078 90,000 58, 382 799, 800 180, 000 609, 500 45, 000 90, 000 336, 345 337, 500 88, 400 90, 000 54, 000 594, 000 141, 575 45, 000 180, 000 121, 050 45, 000 45,000 45, 000 180,Q00 135, 000 90, 000 45, 000 90, 000 80,800 47, 800 155, 900 45, 000 53. 500 90. 000 229, 550 363, 700 90,000 80,563 219,872 98, 307 80, 794 85, 350 54, 699 753,400 172, 723 582, 000 42, 059 85,138 326, 218 322, 235 85, 465 85,240 51, 645 572, 435 133, 508 43, 435 171, 822 116, 310 43, 922 43,344 43, 025 173, 086 130,196 84,985 42, 648 86,170 77,178 45,760 150,030 41,931 51, 058 85, 874 219,216 342,650 82, 738 4,077 9,298 4,399 4,284 4,650 3,683 46, 400 7,277 27. 500 2, 941 4,862 10,127 15,265 2, 935 4,760 2,355 21, 565 8,067 1, 565 8,178 4, 740 1,078 1, 656 1,975 6,914 4,804 5,015 2,352 3,830 3,622 2,040 5,870 3,069 2,4.42 4,126 10, 334 21,050 7,262 200, 000 174,300 166, 701 7,599 100, 000 50, 000 50. 000 16,850 45, 000 42, 800 90,000 15, 080 43, 287 39, 452 84,780 1,770 1,713 ioo;ooo 3,348 6,220 204 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, ETC.—Cont'd. Circulation. Name and location of bank. Date of liquidation. First National Bank, Stureis, Mich National Bank, Kutland, Vt Kent National Bank, Chestertown, M d . . National Fulton County Bank, Grloversville N Y First National Bank, Centralia, 111 National Exchange Bank, Albion, Mich. First National Bank, Paris, Mo First National Bank, Yakima, Wash First National Bank, Flint, Mich Farmers' National Bank, Stanford, K y . . Adams National Bank, Adams, N. Y Poland National Bank, PolandJN. Y Sandy River National Bank, Farmington TVTfi Second National Bank, Aurora, 111 Indiana National Bank, Lafayette, Ind.. Dec. 31,1884 Jan. 13,1885 Feb. 12,1885 $50,000 500, 000 50,000 $43, 850 238, 700 18,200 $41,256 218, 989 16, 500 $2,594 19,711 1,700 Feb. 20,1885 Feb. 25,1885 Feb. 28,1885 Mar. 31,1885 June 20,1885 June 30,1885 Dec. 31,1888 July 10,1889 Jan. 14,1890 150,000 80,000 75, 000 100, 000 50, 000 200, 000 200, 000 50, 000 50, 000 135, 000 70,600 30, 600 89,155 14,650 122, 500 45,000 12, 240 13, 500 125, 840 64, 890 27, 923 82, 684 13, 900 111,200 31, 831 9,280 9,910 9,160 5,710 2,677 6,471 750 11, 300 13,169 2,960 3,590 Nov. 1,1890 July 13,1891 Nov. 30,1891 75,000 100,000 100, 000 58,260 22,500 90, 000 30,402 7,070 20, 573 27, 858 15,430 69,427 18,145, 000 12, 672, 213 11, 941,143 731, 070 Total Capital. Issued. Retired. Outstanding. REPORT OF THE COMPTROLLER OF THE CURRENCY. 205 NATIONAL BANKS IN LIQUIDATION UNDER SECTION 1, ACT JULY 12, 1882, WITH DATE OF EXPIRATION OF CHARTER, CIRCULATION ISSUED, RETIRED, AND OUTSTANDING OCTOBER 31, 1892. Name and location of bank. Date of liquidation. Circulation. Capital. Issued. Retired. Outstanding. Dec. 31,1881 First National Bank, Pontiae, Mich First National Bank, Washington, Iowa. Apr. 11,1882 First National Bank, Fremont, Ohio May 22,1882 Second National Bank, Dayton, Ohio May 26, 1882 First National Bank, Girard, Pa June 1,1882 First National Bank, Xenia, Ohio Feb. 24,1883 First National Bank, Peru, 111 do First National Bank, Elmira, N. Y do First National Bank, Chittenango, N.Y do ... First National Bank, Eaton, Ohio. July 4,1884 First National Bank, Leominster, Mass.. July 5,1884 First National Bank, Winona, Minn July 21,1884 American National Bank, Hallowell, Me. Sept. 10,1884 First National Bank, Attica, Ind I Oct. 28,1884 Citizens' National Bank, Indianapolis, Nov. 11,1884 Ind. First National Bank, North East, Pa Dec. 23,1884 First National Bank, Galva, 111 Jan. 2,1885 First National Bank, Thorntown, Ind... Jan. 13,1885 Muncie National Bank, Muncie, Ind Jan. 28,1885 Mercbants' National Bank, Evansville, Feb. 6,1885 Ind. Saybrook National Bank, Essex, Conn... Feb. 20,1885 Mar. 7,1885 Union National Bank, Albany, N. Y Battenkill National Bank, Manchester, Mar. 21,1885 Vt Apr. 14,1885 First National Bank, Owosso, Mich Coventry National Bank, Anthony, K. I . . Apr. 17,1885 May 23,1885 State National Bank, Keokuk, Iowa Tolland Gounty National Bank, Tolland, June 6,1885 Conn . City National Bank, Hartford, Conn June 9,1885 "West River National Bank, Jamaica, Vt. Aug. 17,1885 National Bank of Lebanon, Tenn . Aug. 30,1886 Greene County National Bank, Springfield,Mo Feb. 8,1888 $50,000 100,000 100, 000 300, 000 100, 000 120, 000 100, 000 100,000150, 000 50. 000 300, 000 50, 000 75, 000 56, 000 $88, 890 88, 565 90,000 262, 941 90, 000 108, 000 45, 000 90, 000 135, 000 44,: 00 244,400 44,200 67,500 50,400 $84,958 81,934 85,630 250, 361 86.575 102,8n 0 41,549 85, 730 130, 405 40, 6P5 232, 780 4i,9::6 63,435 47,528 $3,932 3, 631 4,370 12, 580 3,425 5,110 3,451 4,270 4,595 3,605 11,620 2, 264 4,065 2,872 300, 50, 50, 50, 200, 87, 24, 36, 43, 161, 800 550 000 740 000 75,366 22, 420 32. 986 39, 670 149,390 12,434 2,130 3,014 4,070 ll, 610 250, 000 ] 00, 000 250,000 90, 800 61, 200 144,400 79, 358 57,400 135,025 11,442 3,800 9,375 75, 000 60,000 100. 000 150, 000 57, 700 47, 700 89, 000 45,000 53,221 44, 337 82, 768 39,175 100, 000 550,000 60,000 50,000 44,100 90,000 54,000 24,550 40, 023 78, 262 50, 340 21,280 4,479 3, 363 6, 2.J2 5,825 4,077 11,738 3,660 3,270 100, 000 22,500 17,345 5,155 cago, 111 | Feb. 29.1888 First National Bank, Decatur, Mich j Sept. 20,1890 First National Bank, Mason, Mich ! Oct. 28,1890 First National Bank, Holly, Mich Oct. 31,1890 German National Bank, Evansville, Ind.i Dec. 24,1890 Farmers and Merchants' National Bank, ; Vandalia, 111 Jan. 10,1891 National Bank of Chester, S. C Mar. 2,1891 First National Bank, Burlington, W i s . . . Dec. 19,1891 Lansing National Bank, Lansing, Mich.. j Mar. 5,1892 Ash tabula National Bank, Ashtabula, i Ohio July 11,1892 Second National Bank, New Mexico, SSanta t F July 17,1892 Fe, N N. M M 500, 50, 50, 60, 250, 000 000 000 000 000 45,000 11,250 13, 500 24, 950 98,030 36, 363 5/895 7,135 13, 623 65, 870 8,637 5,355 6,365 11, 327 32,160 100,000 100,000 50, 000 185, 600 22, 500 33, 250 10, 750 36,700 9,840 17,150 2,481 5,980 12,660 16,100 8, 269 30,720 80, 000 67, 850 4,700 63,150 150, 000 33, 750 2,492 31, 258 2, 569, 301 401,465 Union Stock Yards National Bank, Chi- ; Total 000 000 000 000 000 5, 721, 600 2, 970, 766 206 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE BEEN PLACED IN THE HANDS OP RECEIVERS, AT DATE OF FAILURE, CAUSE OF FAILURE, DIVIDENDS PAID WHILE SOLVENT, REDEEM CIRCULATION, THE AMOUNT REDEEMED, AND THE AMOUNT OUTSTANDING Total dividends paid during existence as a national banking association. Organization. Name and location of bank. Charter number. First National Bank, Attica, N . Y . . . , Venango National Bank, Franklin, Pa Merchants' National Bank, Washington, I). C. First National Bank, Medina, N. T ... Tennessee National Bank, Memphis, Tenn. First National Bank, Selma, Ala First National Bank, New Orleans, La. National Unadilla Bank, TJnadilla, N.Y. Farmers and Citizens' National Bank, Brooklyn, N. Y. Croton National Bank, New York, N.Y. First National Bank, Bethel, Conn First National Bank, Keokuk, Iowa .. National Bank of Vicksburg, Mi^s.... First National Bank, Rockford, 111... First National Bank of Nevada, Austin, Nev. Ocean National Bank, New York, N.Y. Union Square National Bank, New York, N. Y. Eighth National Bank, New York, N.Y. Fourth National Bank, Philadelphia, Pa. Waverly* National Bank, "Waverly. N.Y. First National Bank, Fort Smith, Ark. Scandinavian National Bank, Chica- Surplus. Date. Capital. 199 Jan. 14,1864 May 20,1865 Dec. 14,1864. $50, 000 300, 000 • 200,000 229 1225 Feb. 3,1864 June 5,1865 50, 000 100,000 1537 162 Aug. 24,1865 Dec. 18,1863 100, 000 $1, 780 500, 000 1463 July 17,1865 150, 000 1223 June 5,1865 300, 000 Sept. 9,1865 200, 000 May 15,1865 80 Sept. 9,1863 803 Feb. 14,1865 429 May 20,1864 1331 J u n e 23,1865 60, 000 50, 000 50,000 50, 000 155,000 1141 1232 J u n e 6,1865 1,000,000 1691 Mar. 13,1869 250, 000 384 Apr. 16,1864 250, 000 286 Feb. 26,1864 100, 000 1192 May 29,1865 106,100 1631 Feb. 6,1866 50, 000 1978 May 7,1872 250, 000 Amount. Per Is IS 2, 236 465 $7, 500 4.9 421, 052 42.1 140, 000 9,424 Walikill National Bank, Middletown, NY 175, 000 1473 J u l y 21,1865 Crescent City National Bank, New Orleans, La 500, 000 1937 Feb. 15,1872 Atlantic National Bank, New York, 300, 000 59, 472 N.Y 1388 J u l y 1,1865 First National Bank, Washington, 500,000 DC 26 J u l y 16,1863 National Bank of the Commonwealth, 750, 000 New York,N.Y 1372 J u l y 1,1865 Merchants' National Bank, Peters140, 000 burg, Va 1548 Sept. 1,1865 120, 000 First National Bank, Petersburg, Ya. 1378 J u l y 1,1865 100, 000 First National Bank, Mansfield, Ohio. 436 May 24,1864 New Orleans National Banking As600, 000 sociation, New Orleans, La 1825 May 27,1871 50,000 First National Bank, Carlisle, Pa 21 J u n e 29,1863 50, 000 First National Bank, Anderson, Ind.. 44 July 31,1863 Aug. 23,1866 50, 000 First National Bank, Topeka, Kans -. 1660 First National Bank, Norfolk, Va ..., 271 Feb. 23,1864 100,000 Gibson County National Bank, Princeton, Ind , 2066 Nov. 30,1872 50,000 First National Bank of Utah, Salt Lake City, Utah 1695 Nov. 15,1869 100, 000 Cook County National Bank, Chicago, 300, 000 111 ?... 1845 J u l y 8,1871 100,000 First National Bank, Tiffin, Ohio 900 Mar. 16,1865 Charlottesville National Bank, CharJ u l y 19,1865 100,000 lottesville, Va Miners' National Bank, Georgetown, 150, 000 Colo 2199 Oct. 30,1874 Fourth National Bank, Chicago, 111.*. 276 Feb. 24,1864 100, 000 50,000 First National Bank, Bedford, Iowa .. 2298 Sept. 18,1875 * Formerly in voluntary liquidation. 24, 403 18, 000 103, 250 25,000 183, 000 61 805, 000 161 429,250 57.2 134,200 95.9 97, 770 81.5 102,666 102. 6 108,000 42, 000 31,150 46, 000 90,500 6,000 125,000 53, 333 108, 279 18 84 62.3 92 90.5 12. 125 17. 108.2 149,2-15 149.2 4,500 3 184, 008 184 REPORT OF THE COMPTROLLER OF THE CURRENCY. 207 TOGETHER WITH THEIR CAPITAL AND SURPLUS AT BATE OF ORGANIZATION AND CIRCULATION ISSUED, LAWFUL MONEY DEPOSITED WITH THE TREASURER TO ON OCTOBER 31, 1892. Failures. Circulation. Lawful money deposited. Capital. . Surplus. Keceiver ap- Cause of pointed. failure. Issued. Redeemed. Outstanding. $50,000 300,000 200, 000 Apr. 14,1865 May 1,1866 May 8,1866 W TJ TJ $44,000 85. 000 180,000 $44,000 85, 000 180, 000 $43, 757 84, 784 179,364 $243 216 636 1 2 3 50, 000 100,000 $2, 288 Mar. 13,1867 20,435 Mar. 21,1867 T Y 40, 000 90, 000 40,000 90,000 39, 756 89, 728 244 272 4 5 100,000 500, 000 4,788 Apr. 30,1867 37, 903 May 20,1867 B Q 85, 000 180, 000 85,000 180, 000 84, 591 178,866 409 1,134 6 7 120,000 Ang. 20,1867 w 100, 000- 100, 000 99, 800 200 g 300,000 32,000 Sept. 6,1867 TJ 253,900 253,900 252,837 1,063 9 Oct. G 180, 000 180, 000 179, 671 329 10 26, 90, 25. 45, 129, 300 000 500 000 700 26, 300 90, 000 25,500 45,000 129,700 26,135 89, 654 25, 433 44,718 128, 702 165 346 67 282 998 11 12 13 14 15 800, 000 800,000 792,867 7,133 16 50,000 50, 000 49, 742 258 Yl 243, 393 243, 393 241,016 2,377 18 200, 000 60, 101), 50, 50, 250, 000 (J00 K)0 000 000 4,610 20, 000 5, 000 1, 400 5,580 1,1867 .Feb. 28,1868 Mar. 3,1868 Apr. 24,1868 Mar. 15,1869 Oct. 14,1869 1, 000, 000 150, 000 Dec. 13,1871 B TJ Y 200,000 Dec. 15,1871 XJ do 250, 000 40, 000 200, 000 33, 905 Dec. 20,1871 U 179, 000 179,000 177,780 1,220 19 106, 100 27,139 Apr. 23,1872 U 71, 000 71, 000 70, 093 907 20 50,000 2,509 May 2,1872 Y 45, 000 45,000 44, 525 475 21 250, 000 Dec. 12,1872 B 135,000 135,000 134, 650 350 22 175, 000 17,000 Dec. 31,1872 B 118, 900 118, 900 117, 724 1,176 23 500,000 3,045 Mar. 18,1873 M 450, 000 450,000 447,890 2,110 24 300, 000 56, 000 Apr. 28,1873 A 100,000 100, 000 98,835 1,165 25 500, 000 108,000 Sept. 19,1873 M 450; 000 450, 000 442, 629 7,371 26 750,000 56, 027 Sept. 22,1873 V 234,000 234,000 230,768 3,232 27 400,000 200, 000 100, 000 18,302 Sept. 25,1873 11, 801 do 16,000 Oct 18,1873 R R P 360,000 179, 200 90,000 360, 000 179,200 90, 000 356, 320 176,910 88, 887 3,680 > 2,290 1,113 28 29 30 600. 000 50, 000 50,000 100, 000 100, 000 14,161 25,0;)0 23,839 7, 000 3,000 360, 000 45, 000 45,000 90. 000 95,000 360, 000 45, 000 45,000 90. 000 95,000 355, 000 44,415 44.180 88, 883 93, 570 5,000 585 820 1,117 1,430 31 32 33 34 35 43,800 43,800 43,480 320 36 Oct. 23,1873 Oct. 24,1873 Nov. 23,1873 Dec. 16.1873 June 3,1874 50, 000 1,000 Nov. 28,1874 W U Y p G X 150, 000 18,719 Dec. 10,1874 Y 118,191 118,191 117,123 1,068 37 500. 000 100, 000 80. 000 Feb. 1,1875 20, 000 Oct. 22,1875 Y E 285,100 45, 000 285,100 45,000 283,143 43, 962 1,957 1,038 B8 39 200, 000 22, 254 Oct. 28,1875 U 146, 585 146,585 144, 355 2,230 40 150, 000 200, 000 30,000 Jan. 24,1876 Feb. 1,1876 : . ; . . . ...do Y Y •ff 45,000 85, 701) 27,000 45,000 85 700 44,610 82 836 26! 730 390 2, 864 270 41 42 968 271000 43 208 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE BEEN PLACED IN THE HANDS OF RECEIVERS, Total dividends paid during existence as a national banking association. Organization. Name and location of bank. Charter number. 87 89 92 96 First National Bank, Osceola, Iowa... 1776 First National Bank, Dnluth, Minn... 1954 First National Bank, La Croase, Wis.. 1313 818 City National Bank. Chicago. Ill Watkins National Bank, VVatkins. N. Y 456 First National Bank. Wichita. Kans .. 1913 First National Bank. Green Held, Ohio* 101 971 National Bank of Fishkill. N. Y 50 First National Bank. Franklin. Ind... Northumberland County National 689 Bank, Shamokin. Pa. First National Bank. Winchester. Ill . 1484 National ExhangeBank, Minneapolis, 719 Minn. National Bank of the State of Mis- 1665 souri, St. Louis, Mo. 1949 First National Bank, Delphi, Ind First National Bank. Georgetown. Colo 1991 Lock Haven National Bank, Lock 1273 Haven, Pa. 236 Third National Bank. Chicago, 111 Central National Bank. Chicago, 111... 2047 First National Bank, Kansas City, Mo. 1612 Commercial National Bank, Kansas 1995 City. Mo. First National Bank, Ashland, Pa.*... 403 First National Bank. Tarrytown, N. Y* 364 First National Bank, Allentown, Pa.*. 161 First National Bank, Waynesburg, 305 Pa.* Washington County National Bank, 1266 Greenwich, N. Y 2157 First N ational Bank, Dallas, Tex People's National Bank, Helena, Mont. 2105 First National Bank, Bozeman, Mont.. 2027 Merchants' National Bank, Fort Scott, Kans. * 1927 Farmers' National Bank, Platte City, Mo 2356 First National Bank, Warrensburg, Mo 1856 German American National Bank, Washington, D. C 2358 German National Bank, Chicago, 111.*. 1734 Commercial National Bank, Saratoga Springs, N. Y 1227 Second National Bank, Scran ton, Pa.*. 49 National Bank of Poultney, Vt 1200 First National Ban M Monticello, Ind.. 2208 First National Bank, Butler, Pa 309 First National Bank, Meadville, P a . . . 115 First National Bank, Newark, N. J 52 First National Bank, Brattleboro, Vt.. 470 Mechanics' National Bank, Newark, N.J 1251 First National Bank, Buffalo, N. Y.... 235 Pacific National Bank, Boston, Mass.. 2373 First National Bank of Union Mills, Union City, Pa 110 Vermont National Bank, St. Albans, Vt... 1583 First National Bank, Leadville, Colo.. 2420 City National Bank, Lawrenceburg, Ind.* 2889 First National Bank, St. Albans, Vt... 269 First National Bank, Monmouth, 111 .. 2751 Marine National Bank, New York, N.Y Hot Springs National Bank, Hot 1215 Springs, Ark Richmond National Bank, Richmond, 2887 Ind 2090 Date. Jan. 26.1871 Apr. 6 1J72 June 20 1865 Feb. 18,1865 June 2. 1864 Jan. 2 1872 Oct. 7,1863 Apr. 1,1865 Aug. 5.1863 Jan. 9,1865 Capital. Surplus. $50, 000 50, 000 50. 000 250. 000 75, 000 50, 000 50, 000 200, 000 $36, 205 60, 000 67, 000 2,976 July 25,1865 Jan. 16,1865 50,000 50, 000 Oct. 30,1866 3, 410, 300 Per Amount. cent. $23, 500 25, 000 31,500 182, 500 85. 450 36. 975 80, 300 143. 000 222. 319 670, 000 46.1 50 63 73 113.9 73.9 160.6 71.5 370.5 1000 71,750 143.5 124, 000 248 Mar. 25.1872 May 31,1872 June 14,1865 100, 000 50, 000 120, 000 15, 000 Feb. 5,1864 Sept. 18,1872 Nov. 23,1865 J u n e 3,1872 120, 000 200, 000 100, 000 100, 000 Apr. 27,1864 Apr. 5,1864 Dec. 16,1863 Mar. 5,1864 60, 000 50, 000 100,000 100, 000 187,131 311.9 132, 250 264.5 J u n e 13,1865 July 16,1874 May 13,1873 Aug. 14,1872 200,000 100, 000 100,000 205,940 102.9 45,750 45. 10, 000 10 20,000 40 Jan. 20,1872 May 5,1877 July 31,1871 1,000 7,214 50,000 45, 000 45 153, 600 128 1, 035, 000 862. 38, 000 19 540, 500 540. 25, 000 25 34,731 50,000 4,000 50,000 8, 57, 750 115.5 May 14,1877 Nov. 15,1870 50,000 130, 000 250, 000 J u n e 6,1865 Aug. 5,1863 May 31,1865 Dec. 3,1874 Mar. 11,1864 Oct. 27,1863 Aug. 7,1863 June 30,1864 100,000 11,872 100, 000 100, 000 50,000 50,000 70,000 125, 000 100,000 June 9,1865 Feb. 5,1864 Nov. 9,1877 500, 000 251,802 100,000 250,000 2,000 113,000 392,125 92,000 7,400 139, 000 248,400 605, 250 387,000 113 392.1 92 14.8 278 354.8 484. 387 1,198,000 239.6 287, 500 287.5 75,000 30 Oct. 23,1863 50,000 Oct. 11,1865 Mar. 19,1879 200, 000 60, 000 186,000 63,000 Feb. 24,1883 Feb. 20,1864 July 7,1882 J u n e 3,1865 100,000 100, 000 75, 000 400,000 3,000 3 197,000 197 15,000 20 659,643 164.9 Feb. 17,1883 50,000 Mar. 5,1873 270, 000 * formerly in voluntary liquidation. 91,955 183.9 2,000 105 3,000 274,000 101.5 REPORT OF THE COMPTROLLER OF THE CURRENCY. 209 TOGETHER WITH THEIR CAPITAL AXD SURPLUS, ETC.—Continued. Failures. 1 Capital. Circulation. Lawful money deposited. Receiver ap- Cause of pointed. failure. Surplus. Issued. Redeemed. Outstanding. $8-1-7 507 Feb. 25,1876 Mar. 13.1876 Apr. 11,1876 May 17.1876 July 12,1876 Sept. 23,1876 Dec. 12,1876 Jan. 27,1877 Feb. 13,1877 Mar 12.1877 y P P V (1 E U E M $45, 000 45, 000 45, 000 137, 209 67, 500 43, 200 29, 662 177, 200 92, 092 60,300 $45, 000 45, 000 45,000 137, 209 67, 500 43,200 29, 6(52 177,200 92, 092 60, 300 $44, 493 44, 478 44,153 133, 810 65, 864 42, 600 28, 596 174,129 89, 632 59.040 3, 399 1, 036 600 1,066 3.071 2, 460 1. 260 44 45 46 47 48 49 50 51 52 53 17,135 20, 000 Mar. 16.1877 May 24,1877 W M 45, 000 90, 000 45, 000 90, 000 44,105 88, 055 895 1, 945 54 55 2, 500, 000 248, 775 June 23,1877 O 1, 693, 660 1, 693, 660 1, 673, 647 20,013 56 50, 000 75, 000 120, 000 20, 000 65, 000 8, 000 July 20.1877 Aua;. ;8,1877 Aug. 20,1877 W TI V 45, 000 45, 000 71, 200 45, 000 45, 000 71, 200 44, 080 44,405 69, 583 920 59f> 1, 617 57 58 59 750, 000 200,000 500, 000 100, 000 200, 000 Nov. 24.1877 10, 000 Dec. 1.1877 25, 000 Feb. 11,1878 6,392 . . . . d o V V X V 597. 840 45,000 44, 940 44,500 597. 840 45,000 44. 940 44, 500 578, 377 44,193 42,140 43, 325 19,463 807 2, 800 1,175 60 61 62 63 112. 100, 250, 100, 19, 000 25, 000 220, 000 Feb. Mar. Apr. May 28,1878 23.1878 15,1878 15.1878 V V X V 75,554 89, 200 78,641 69,345 75, 554 89, 200 78, 641 69, 345 72, 304 86, 665 75,180 68, 535 3, 250 2. 535 3, 461 810 64 65 66 67 24,000 J u n e 8,1878 5,000 . . . d o . . . 8,000 Sept. 13,1878 7,000 Sept. 14,1878 114,220 29,800 89, 300 44, 400 114, 220 29,800 89,300 44, 400 111, 518 29,193 88, 071 43, 665 2, 702 605 1. 229 735 68 69 70 Sept. 25,1878 p V Q Q X 35, 328 35,328 34,573 755 72 Oct. 1,1878 N 27, 000 27, 000 26, 685 315 73 Nov. 1,1878 X 45,000 45, 000 43, 951 1,049 74 Dec. 20,1878 P B 62, 500 42, 795 62, 500 42, 795 62, 026 38, 510 474 4, 285 75 76 40, 476 Feb. 11,1879 70, 000 Mar. 15,1879 4,000 Apr. 7,1879 2, 000 July 18,1879 10, 600 July 23,1879 20,000 June 9,1880 62, 584 June 14,1880 57, 000 June 19,1880 X X X X E R F X 86, 900 91, 465 90,000 27, 000 71,165 89. 500 32(3. 643 90,000 86, 900 91, 465 90, 000 27, 000 71,165 89,500 326, 643 90, 000 84,833 87, 313 87, 297 26, 422 67, 760 85, 821 314,130 84,203 2,067 4,152 2, 703 578 3,405 3, 679 12, 513 5,797 77 78 79 80 81 82 83 84 C P 449,900 99, 500 450,000 449, 900 99. 500 450, 000 427, 996 96, 255 444, 002 21, 904 3,245 5,998 85 86 87 $50, 000 100, 000 50, 000 250, 000 75, 000 60,000 50, 000 200, 000 132, 000 67, 000 $10, 000 50,000 100, 000 500 000 000 000 200, 000 50, 000 100,000 50, 000 50, 000 25. 000 130, 000 3, 000 12, 000 10, 000 30, 000 28, 538 13,500 50,000 100, 000 10, 600 130,000 500,000 2, 000 125,000 100, 000 200, 000 100, 000 50,000 50,000 100,000 300, 000 300,000 do 500, 000 100,000 961, 300 400,000 50,000 "Nov. 2,1881 Apr. 22,1882 May 22,1882 50, 000 13,455 Mar. 24,1883 s s 43,000 43, 000 41, 285 1,715 88 200, 000 60,000 25, 000 15, 000 Aug. 9.1883 Jan. 24,1884 V B 65, 200 53,000 65, 200 53,000 60, 393 51, 545 4,807 1,455 89 90 Mar. 11,1884 Gc P E T 77, 000 89,080 27, 000 260,100 77, 000 89, 980 27, 000 260,100 74, 860 84, 898 25,680 247, 743 2,140 5, 082 1, 320 12, 357 91 92 93 94 87, 990 2, 860 95 100, 000 100.000 75, 000 400, 000 40,000 Apr. 22,1884 15, 000 ...do 225, 000 May 13,1884 50,000 180 June 2,1884 E 40, 850 40,850 250,000 33,000 -July 23,1884 H 158,900 X68,900 9647—14 t Ha, f?§& 210 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE BEEN PLACED IN THE HANDS OF RECEIVERS, Total dividends paid during existence as a national banking association. Organization. Name and location of bank. Charter number. 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 First National Bank, Livingston, Mont. First National Bank, Albion, N. Y First National Bank, Jamestown, N. Dak. Logan National Bank, West Liberty, Ohio. Middletown National Bank, Middletown, N. Y. Farmers' National Bank, Bushnell, 111. Schoharie County National Bank, Schoharie, N. Y. Exchange National Bank, Norfolk, Va. First National Bank, Lake City, Minn. Lancaster N&tional Bank, Clinton, Mass. First National Bank, Sioux Falls, S. Dak. First National Bank, Wahpeton, N. Dak. First National Bank, Angelica, N. Y.. City National Bank, Williamsport, Pa. Abmgton National Bank, Abington, Mass.* First National Bank, Blair, Nebr First National Bank, Pine Bluff, Ark. Palatka National Bank, Palatka, Fla.. Fidelity National Bank, Cincinnati, Ohio. Henrietta National Bank, Henrietta, Tex. National Bank of Sumter, S. C First National Bank, Danesville, N. Y. First National Bank, Corry, Pa Stafford National Bank, Stafford Springs, Conn. Fifth National Bank, St. Louis, Mo ... Metropolitan National Bank, Cincinnati, Ohio. First National Bank, Auburn, N. Y... Commercial National Bank, Dubuque, Iowa. State National Bank, Kaleigh, N. C Second National Bank, Xeriia, Ohio... Madison National Bank, Madison, S. Dak. Lowell National Bank, Lowell, Mich.. California National Bank, San Francisco, Cal. First National Bank, Anoka, Minn . . . National Bank of Shelby ville, Tenn .. First National Bank, Sheffield. Ala Third National Bank, Malone, N. Y... First National Bank, Abilene, Kans .. Harper National Bank, Harper, Kans. Gloucester City National Bank, Gloucester City, N. J. Park National Bank, Chicago, 111 State National Bank, Wellington, Kans Kingman National Bank, Kingman, First National Bank, Alma, Kans First National Bank, Belleville, Kans. First National Bank, Meade Center, American National Bank, Arkansas City, Kans. City National Bank, Hastings, Nebr.. Peoplel's National Bank, Fayetteville, Date. Capital. Surplus. 3006 J u l y 16,1883 $50,000 166 2578 Dec. 22,1863 Oct. 25,1881 50,000 50,000 2942 May 1276 J u n e 14,1865 200,000 $23,128 1791 1510 Feb. 18,1871 Aug. 9,1865 50,000 100,000 1137 1740 583 May 13,1865 Nov. 29,1870 Nov. 22,1864 100, 000 50, 000 200, 000 2465 Mar. 15,1880 7,1883 Per Amount. cent. $170,500 341 50,000 4,000 38, 500 32, 894 8 356,000 178 77 337, 500 337.5 90,142 180.2 285, 000 142.5 50, 000 10, 000 20 2624 Feb. 2,1882 50^000 12, 000 24 564 2139 1386 Nov. 3,1864 Mar. 17,1874 J u l y 1,1865 100,000 100, 000 150, 000 2724 2776 3266 3461 J u n e 7,1882 Sept. 18,1882 Nov. 20,1884 Feb. 27,1886 50, 000 50, 000 50, 000 1, 000,' 000 23, 000 2,784 .3 3022 Aug. 8,1883 50, 000 12, 250 24.5 3082 75 605 686 Nov. 26,1883 Sept. 4,1863 Dec. 6,1864 Jan. 7,1865 50, 000 50,000 100,000 150, 000 2835 2542 Dec. 12,1882 J u l y 12,1881 200, 000 500,000 75,000 215,000 231 1801 Feb. 4,1864 Mar. 11,1871 100, 000 100,000 266, 000 266 146, 806 146.8 1682 277 3597 J u n e 17,1868 Feb. 24,1864 Dec. 7,1886 100,000 60, 000 50, 000 278,000 463.3 5,000 10 1280 3592 J u n e 14,1865 Oct. 20,1886 50, 000 200, 000 159, 494 318.9 2800 2198 3617 3366 2427 3431 3936 Sept. 14,1882 Oct. 29,1874 Jan. 14,1887 J u l y 15,1885 J u n e 23,1879 Jan. 6,1886 Oct. 26,1888 50,000 50, 000 100, 000 50,000 50,000 50,000 50, 000 18,000 36 81, 625 163.2 3502 3564 3559 May 11,1886 Oct. 1,1886 Sept. 16,1886 200,000 50,000 75,000 24,000 5, 000 20,500 12 10 27. 3 S 3769 3386 3695 Aug. 3,1887 Aug. 28,1885 May 5,1887 50,000 50, 000 50,000 14, 000 17,500 8,857 28 35 17.7 3992 Mar. 15,1889 100, 000 28, 000 28 3099 2003 Dec. 27,1883 J u n e 27,1872 50, 000 75,000 * Restored to solvenoy. 15, 000 10, 000 i, 666 186, 000 186 38,500 38.5 307, 382 204.9 46 13,500 27 75,825 151.6 168,500 168.5 306, 000 204 37.5 43 4 2,000 75, 350 150. 6 10, 000 20 44,547 89.1 182,500 243.3 REPORT OF THE COMPTROLLER OF THE CURRENCY. 2 1 1 TOGETHER WITH THEIR CAPITAL A.VI) SURPLUS, ETC.—Continued. Failures. Circulation. Lawful money deposited. Capital. Receiver appointed. Surplus. $50,000 100,000 50,000 50, 000 200, 000 50, 000 50,000 300,000 50, 000 100, 000 50, 000 50, 000 100, 000 100,000 150, 000 50, 000 50, 000 50, 000 1, 000, 000 ! Cause | of i failure. Aug. 25,1884 ; X B E 1, 000 ! Oct. 18,1884 | P 40, 000 | N o v . 29,1884 ! I 7, 500 . Deo. 17,1884 L 15,000 I Mar. 23,1885 B 350,000 j A p r . 9.1885 j O 10,000 ; J a n . 4,1880 ! E 20, 000 ! J a n . 20,188(5 j B i I 30,447 j Mar. 11,1886 j J 4,000 | Apr. 8,1880 j J 20,100 j A p r 19,1886 A 12,500 I May 4,1886 D 25, 300 | Aug. 2, .1886 L 11, 000 I Sept. 8,1886 U 20, 000 I "Nov. 20,1886 V V ! .Juno 3.1887 B 50. 000 J u n e 27, 1887 $20, 000 A u g . 26,1884 12, 50!) ; Sept. 13,1884 ! Issued. Redeemed. Outstanding. $11, 240 $11,240 $10, 975 $265 90,000 90, 000 18, 650 84, 226 5,774 18, 650 18, 207 443 22,400 1,000 166,068 9,932 2,072 3,490 100 23, 400 23,400 101 176, 000 176, 000 44, 000 38, 350 44, 000 38,350 228, 200 44, 420 228,200 44, 420 72, 360 72, 360 10, 740 10, 740 97 41,928 34, 860 209, 954 41, 996 64, 714 9,950 18, 246 104 2,424 1 105 7,646 106 790 107 15,920 1, 200 I 108 17,120 89, 000 43,140 25, 425 17,120 89, 000 43,140 25, 425 81, 206 35, 760 25, 425 7,794 109 7,380 1110 Ill 26,180 26, 280 19, 210 90, 000 26,180 26, 280 19,210 90, 000 24, 25, 17, 84, 1, 225 1.210 1,355 5, 683 955 070 855 317 112 113 114 115 116 11, 250 11,250 10, 610 11, 250 15. 730 73,829 139, 048 11, 250 15, 730 73, 829 139,048 9,530 13,485 62,395 120,423 Nov. 15,1887 Feb. 10,3888 A B V B F V 44, 430 277, 745 44, 430 277,745 37, 980 231, 340 1,720 117 2,245 118 11,434 119 18,625 ! 120 I 6,450 I 121 46,405 122 Feb. 20,1888 | Apr. 2,1888 v R 44, 400 62,170 44, 400 62,170 32, 439 55, 822 11,961 I 123 6, 348 j 124 100,000 j. 150,000 50,000 I Apr. 11, 1888 14,000 j May 9. 1888 3,000 J u n e 23,1888 B V s 22,500 48,470 11, 250 22, 500 48, 470 11, 250 17, 735 38, 685 10,415 4, 765 ! 125 9, 785 ! 126 835 127 50, 000 200,000 10,000 10,000 Sept, 19.1888 J a n . 14,1889 24, 870 45,000 24,870 45, 000 20, 590 36, 910 4,280 8,090 50, 000 50, 000 100,000 50, 000 100, 000 50. 000 50,000 4, 300 25, 000 Apr. Dec. Dec. 400 D e c 17,(500 J a n . ! Feb. I June 22.1889 13.1889 23,1889 30,1889 21,1890 10,1890 12.1890 11,250 16, 710 22, 500 10, 750 21, 240 10,750 11,250 11, 250 16, 710 22, 500 10, 750 21,240 10, 750 11, 250 9,232 10, 965 16, 410 8,100 19, 250 7,450 8,610 2,018 130 5, 745 131 6.090 i132 2,650 133 1,990 134 3, 300 135 2,640 136 200, 000 50, 000 100, 000 21, 000 I J u l y 14,1890 3, 915 Sept, 25,1890 1,000 Oct. 2,1890 45, 000 11,250 22,500 45, 000 11, 250 22, 500 28, 800 6,740 14, 685 16, 200 137 4,510 138 7,815 139 75, 000 50, 000 50.000 1,603 Nov. 21,1890 5. 000 Dec, 12.1890 Dec. 24/1890 16, 875 11, 250 10,750 16, 875 11, 250 10,750 11, 073 7,505 6,975 5,802 3,745 3,775 140 141 142 45,000 45, 000 20, 930 24,070 143 22. 500 28, 800 22,500 28, 800 10,710 15, 731 11,790 13,069 144 145 50, 000 8. 000 50, 000 50, 000 100, 000 200,000 10, 000 15. 000 10,183 24, 000 300. 000 1 000,000 30,000 180, 000 150, 000 100, 000 20. 000 300, 000 100,000 125,000 I Aug. 17, 1887 I Aug. Sept, Oct. Oct. 24,1887 8,1887 11,1887 17,1887 4; ooo 24,000 Dec. 26,1890 | 32,000 Jan. 14.1891 ! Jan. 20,1891 j Q B W F F F F W X H V O J R 640 128 129 212 REPORT OF THE COMPTROLLER OF THE CURRENCY. NATIONAL BANKS THAT HAVE WEEN PLACED I N THE H A N D S OF R E C E I V E R S , Total dividends paid during existence as a national banking association. Organization. Name and location of bank. Charter number. 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 Spokane National Bank, Spokane Falls, Wash. First National Bank, Ellsworth, Kans. Second National Bank. McPherson, Kans. Pratt County National Bank, Pratt, Kans. Keystone National Bank, Philadelphia, Pa. Spring Garden National Bank, Philadelphia, Pa. National City Bank, Marshall, Mich.. Red Cloud National Bank, Red Cloud, Nebr. Asbury Park National Bank, Asbury Park N J Ninth National Bank, Dallas, Tex First National Bank, Red Cloud, Nebr. Central Nebraska National Bank, Broken Bow, Nebr. Florence National Bank, Florence, Ala. First National Bank, Palatka, Fla First Natioual Bank, Kansas City, Rio Grande National Bank, Laredo, Tex. First National Bank, Clearfield, Pa... Farley National Bank, Montgomery, Ala.* First National Bank, Coldwater, Kans. Maverick National Bank, Boston, Mass. Corry National Bank, Corry, Pa Cheyenne National Bank, Cheyenne, Wyo. California National Bank, San Diego, Cal. First National Bank, "Wilmington, •wr n N. C. Huron National Bank, Huron, S. Dak. First National Bank, Downs, Kans ... First National Bank, Muncy, Pa Bell County National Bank, Temple, Tex. First National Bank, Deming, N. Mex. First National Bank, Silver City, N. Mex. Lima National Bank, Lima, Ohio National Bank of Guthrie, Okla Cherry vale National Bank, Cherryvale, Kans. First National Bank, Erie, Kans First National Bank, Rockwell, Tex.. Yincennes National Bank, Yincennes, Ind. Total Date. Capital. 3838 Jan. 24,1888 $60, 000 3249 Sept. 11,1884 3791 Sept. 16,1887 50, 009 50,000 Surplus. Amount. $54 500 109 8,500 17 3787 Sept. 8,1887 50 000 2291 July 30,1875 200,000 122,730 61.4 3468 Mar. 13,1886 500, 000 122,198 24.4 2023 July 29,1872 3181 May 10,1884 100, 000 50,000 162, 500 162. 5 23, 275 46.5 3792 Sept. 17,1887 100 000 4415 Sept, 12,1890 2811 Nov. 8,1882 3927 Sept. 28,1888 300, 000 50, 000 60,000 18, 000 6 57, 250 114.5 8,400 14 4135 Oct. 3,1889 3223 July 15,1884 3706 May 17,1887 50, 000 50,000 100, 000 50,000 100. 0 25, 000 25 4146 Oct. 28,1889 100, 050 768 Jan. 30,1865 4180 Dec. 18,1889 100, 000 100,000 3703 May 9,1887 677 Dec. 31,1864 52, 000 400, 000 569 Nov. 12,1864 3416 Dec. 2,1885 100, 000 100, 000 209, 000 209 $61, 390 2, 080 4 984, 000 241 198, 000 198 26, 000 26 3828 Dec. 29,1887 150, 000 1656 July 25,1866 250, 000 290, 710 116. 3 50,000 i 50,000 i 100,000 i 50,000 27, 750 55.5 17, 693 35.4 212, 988 213 2,500 5 3160 Apr. 22,1884 3554 Sept. 17,1886 50, 000 50, 000 56, 250 112.5 30, 000 60 2859 Jan. 16,1883 4383 July 31,1890 4288 Apr. 16,1890 100, 000 100, 000 50, 000 3963 Jan. 15,1889 3890 May 29,1888 1454 July 17,1865 50, 000 50, 000 100,000 3267 3569 837 4404 Nov. Oct. Feb. Aug. 21,1884 12,1886 23,1865 25,1890 79, 000 87, 500 2, 500 3,500 L Excessive loans to offlo eri and directors. 52. 7 87.5 2.5 7 5,954 11.9 15, 000 30 441, 000 441 27, 330, 400 547, 080 20, 252, 357 74.1 * Restored to solvency. A Defalcation of officers. B Defalcation of officers and fraudulent management. C Defalcation of officers and excessive loans to others . D Defalcation of officers and depreciation of securities. E Depreciation of securities. F Excessive loans to others, injudicious banking, and depreciation of securities. G Excessive loans to officers and directors an d depreciation of securities. H Excessive loans to officers and directors and investments in real estate and mortgages. I Excessive loans to others and depreciation of securities. J Excessive loans to others and investments in leal estate and mortgages. K Excessive loans and failure of large debtors, Per cent. REPORT OF THE COMPTROLLER OF THE CURRENCY. 213 TOGETHER WITH THEIR CAPITAL AND SURPLUS, E T C . — C o n t i n u e d . Lawful money deposited. Eeceiver appointed. . Feb. 11,1891 Mar. 25,1891 50, 000 3,000 Apr. 7,1891 i H 10, 750 500, 000 100,000 May 9,1891 I O 41,180 750, 000 132, 500 45, 000 ! J u n e 22,1891 ! J u l y 1,1891 i July 2,1891 300, 000 75, 000 60, 000 J u l y 16,1891 . . .do J u l y 21,1891 45, 000 16, 225 13,500 60, 000 150, 000 150.000 J u l y 23,1891 Aug. 7,1891 Aug. 17,1891 12,900 33, 250 33, 750 Oct. 7,1891 ....do i Nov. 21,1891 Dec. 5,1891 Dec. 18,1891 Dec. 21,1891 J a n . 7,1892 | Feb. 6,1892 Feb. 9,1892 Feb. 19,1892 18, 000 10, 750 94. 899 11, 250 18, 000 7,870 05, 649 11, 250 35. 022 19, 890 11.250 | Feb. 29,1892 ....do 200. 000 100, 000 50, 000 Mar. 21,1892 J u n e 22,1892 J u l y 2,1892 45, 000 21, 800 11, 250 50, 000 125, 000 100,000 ....do J u l y 20,1892 J u l y 22,1892 11,250 26, 720 41,320 M Failure of large debtors. 1ST Fraudulent management. O Fraudulent management, excessive loans to officers and directors, and depreciation of securities. P Fraudulent management and depreciation of securities. Q Fraudulent management and injudicious banking. R Fraudulentmanagement, defalcation of officers, and depreciation of securities. S Fraudulent management, injudicious banking, investments in real estate and mortgages, and depreciation of securities. T Fraudulent management, excessive loans to officers and directors, and excessive loans to others. TJ Injudicious banking. V Injudicious banking and depreciation of securities. W Injudicious banking and failure of large debtors. X Investments in real estate and mortgages and depreciation of securities. 214 REPORT OF THE COMPTROLLER OF THE CURRENCY. INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF RETEM, WITH AMOUNTS OK NOMINAL AND ADDITIONAL ASSETS, AMOUNTS COLLECTASSETS, EXPENSES OF RECEIVERSHIP, CLAIMS PROVED, DIVIDENDS PAID AND Name and location of bank. Date of organization. Jan. 14,1864 First National Bank, Attica, N. Y May 20,1865 Venango National Bank, Franklin, Pa Dec. 14,1864 Merchants' National Bank, Washington, D. C Feb. 3,1864 First National Bank, Medina, N. Y June 5,1865 Tennessee National Bank, Memphis, Tcnn : Aug. 24,1865 First National Band, Selma, Ala Dec. 18,1863 [First National Bank, New Orleans, La July 17,1865 National TJnadilla Bank, Unadilla, N. l r Farmers and Citizens' National Bank, Brooklyn. N. Y . June 5,1865 Sept, 9,1865 Croton National Bank, New York, N. Y ' May 15,1865 First National Bank, Bethel, Conn Sept. 9,1863 First National Bank, Keokuk, Iowa Feb. 14,1865 National Bank of Vicksburg, Miss May 20,1864 First National Bank, Rockford, 111 June 23,1865 First National Bank of Nevada, Austin, Nov June 6,1865 Ocean National Bank, New York, N. Y T Mar. 30,1869 Union Square National Bank, Now York, ]S . Y Apr. 6,1864 Eighth National Bank, New York, N. Y Feb. 26,1864 Fourth National Bank, Philadelphia, Pa May 29,1865 Waverly National Bank, Waverly, N. Y Feb. 6,1866 First National Bank, Fort Smith', Ark May 7,1872 Scandinavian National Bank, Chicago, 111 July 21,1865 Wallkill National Bank, Middletown, N\ Y Feb. 15,1872 Crescent City National Bank, New Orleans, La July 1,1865 Atlantic National Bank, New York, N. Y July 16,1863 First National Bank, Washington, 1). C National Bank of the Commonwealth, New York, N. Y. July 1,1865 Sept. 1,1865 Merchants' National Bank, Petersburg, Va July 1,1865 First National Bank, Petersburg, Va.. May 24,1864 First National Bank, Mansfield, Ohio New Orleans National Banking Association, New OrMay 27,1871 leans, La July 7,1863 First National Bank, Carlisle, Pa July 31,1863 First National Bank, Anderson, Ind First National Bank, Topeka, Kans Aug. 23,1866 First National Bank, Norfolk, Va Feb. 23,1864 Gibson County National Bank, Princeton. Ind Nov, 30,1872 First National Bank of Utah, Salt Lake City, Utah Nov. 15,1869 Cook County National Bank, Chicago, 111 July 8,1871 First National Bank, Tiffin, Ohio Mar. 16,1865 Charlottesville National Bank, Charlottesville, Va July 19,1865 Miners' National Bank, Georgetown. Colo Oct. 30,1874 Fourth National Bank, Chicago, 111.* Feb. 24,1864 First National Bank, Bedford, Iowa Sept. 18,1875 First National Bank, Osceola, Iowa Jan. 26,1871 First National Bank, Duluth, Minn '. Apr. 6,1872 First National Bank, La Crosse, Wis June 20,1865 City National Bank, Chicago, 111 Feb. 18,1865 Watkins National Bank, Watkins, N. Y June 2,1864 First National Bank, Wichita, Kans Jan. 2,1872 First National Bank, Greenfield, Ohio * Oct. 7,1863 National Bank of Fishkill, N. Y Apr. 1,1865 First National Bank, Franklin, Ind Aug. 5,1863 Northumberland County National Bank, Shamokin, Pa. Jan. 9,1865 First National Bank, Winchester, 111 July 25,' 1865 National Exchange Bank, Minneapolis, Minn Jan. 16,1865 National Bank of the State of Missouri, St. Louis, Mo.. Oct. 30,1866 First National Bank, Delhi, Ind Mar. 25,1872 First National Bank, Georgetown, Colo May 31,1872 Lock Haven National Bank, Lock Haven, Pa June 14,1865 Third National Bank, Chicago, 111 Feb. 5,1864 Central National Bank, Chicago, 111 Sept. 18,1872 First National Bank, Kansas City, Mo Nov. 23,1865 Commercial National Bank, Kansas City, Mo June 3,1872 First National Bank, Ashland, Pa.* Apr. 27,1864 First National Bank, Tarry town, N. Y Apr. 5,1864 First National Bank, Allentown, Pa.* Dec. 16,1863 First National Bank, Waynesburg, Pa.* Mar. 5,1864 Washington County National Bank, Greenwich, N. Y.. June 30,1865 First National Bank, Dallas, Tex July 16,1874 People's National Bank, Helena. Mont May 13,1873 First National Bank, Bozeman, Mont Aug. 14,1872 Merchants' National Bank, Fort Scott, Kans.* Jan. 20,1872 * Formerly in voluntary liquidation. Capital stock. Receiver appointed. $50,000 300, 000 200,000 50, 000 100, 000 100, 000 500, 000 120, 000 300,000 200, 000 60,000 100,000 50, 000 50,000 250, 000 1,000, 000 200, 000 250,000 200, 000 106,100 50, 000 250,000 175, 000 500,000 300, 000 500, 000 750,000 400, 000 200, 000 100, 000 Apr. 14, 1865 May 1, 1866 May 8, 1866 Mar. 13, 1867 Mar. 21, 1867 ^ p r . 30, 1867 May 20, 1867 Aug. 20, 1867 Sept. 6, 1867 Oct. 1, 1867 Feb. 28, 1868 Mar. 3, 1868 Apr. 24, 1868 Mar. 15, 1869 Oct. 14, 1869 Dec. 13, 1871 Dec. 15, 1871 Dec. 15, 1871 Dec. 20, 1871 Apr. 23, 1872 May 2, 1872 Dec. 12, 1872 Dec. 31, 1872 Mar. 18, 1873 Apr. 28, 1873 Sept. 19, 1873 Sept. 22, 1873 Sept. 25, 1873 Sept. 25, 1873 Oct. 18, 1873 600, 000 50, 000 50, 000 100, 000 100, 000 50, 000 150, 000 500,000 100, 000 200, 000 150, 000 200, 000 30, 000 50, 000 100, 000 50,000 250, 000 75, 000 60, 000 50,000 200,000 132,000 67, 000 50, 000 100,000 2, 500, 000 50, 000 75, 000 120, 000 750,000 200, 000 500,000 100, 000 112,500 100,000 250,000 100, 000 200,000 50, 000 100, 000 50, 000 50, 000 Oct. 23,1873 Oct. 24,1873 Nov. 23,1873 Dec. 16,1873 June 3,1874 Nov. 28,1874 Dec. 10,1874 Feb, 1,1875 Oct. 22,1875 Oct. 28,1875 Jan. 24,1876 Feb. 1,1876 Feb. 1,1876 Feb. 26,1876 Mar. 13,3876 Apr. 11,1876 May 17,1876 July 12,1876 Sept. 23,1876 Dec. 12,1876 Jan. 27,1877 Feb. 13,1877 Mar. 12,1877 Mar. 16,1877 May 24,1877 June 23,1877 July 20,1877 Aug. 18,1877 Aug, 20,1877 Nov. 24,1877 Dec. 1,1877 Feb. 11,1878 Feb. 11,1878 Feb. 28,1878 Mar. 23,1878 Apr. 15,1878 May 15,1878 June 8,1878 J une 8,1878 Sept. 13,1878 Sept. 14,1878 Sept. 25,1878 REPORT OF THE COMPTROLLER OF THE CURRENCY. 215 y AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL BANKING SYSED FROM ALL SOURCES, LOANS PAID AND OTHER DISBURSEMENTS, LOSSES ON REMAINING ASSETS RETURNED TO STOCKHOLDERS. Nominal assets at date of suspension. Additional assets received since Estimated Estimated Estimated date of good. doubtful. worthless. suspension. $115, 538 818,154 $13,692 27,741 101, 072 18, 424 50, 000 116, 422 78,415 853,148 701,116 86, 748 86, 856 1,175, 656 272, 757 255, 235 65, 361 39, 486 83, 830 98, 240 125, 057 21, 584 22, 569 7,000 129, 721 91,412 1 867, 641 942, 283 91,355 ' 364, 973 229, 617 """736," 997' 165, 442 653, 658 86, 493 40, 000 37, 494 15, 800 14,174 25, 000 100,000 100, 000 168,100 127, 769 50,000 ' 25,000 379, 020 110,450 148, 920 336, 833 58, 852 283, 550 1, 000, 000 1, 277, 690 453, 593 1, 435,113 473, 372 342, 260 252, 250 321, 722 100, 000 50, 000 79,409 94, 483 173,378 7,954 5,400 26, 579 57, 732 156, 575 19, 449 121, 017 21, 572 12, 212 13,426 $50,823 83, 713 $28, 053 57, 029 860, 929 2,029 395, 412 96, 556 276, 400 69,857 121, 683 144, 903 4,809 79, 652 49, 959 811 497,292 300,000 28,077 50,000 25, 000 77, 723 51, 296 6, 300 619, 836 140, 000 169, 520 20,000 27,123 29, 752 74, 376 18,093 35, 000 453, 037 86,014 59, 226 100, 000 55, 386 80,000 85, 000 56, 350 32,011 204,600 1, 250,103 120,000 • 105,218 190,069 131,227 26,858 19, 938 118, 300 25, 000 478,917 44,582 18, 387 57, 675 194, 665 262, 909 86,492 58,188 67, 246 112, 026 67, 541 66,025 135, 231 90, 704 935, 999 2, 818, 966 175, 254 6,250 34,368 52, 627 220,481 150, 650 1, 330, 215 631, 797 157, 438 161,441 1,118,118 313, 726 52, 349 74, 724 107, 318 41, 584 100,994 19,879 132,445 15,869 311,324 27, 894 48,149 36, 245 32, 559 95, 251 9,010 $76, 046 21,225 15,543 376, 870 29, 267 103, 057 78, 857 80, 297 29,055 3,274 151, 439 63, 620 257, 655 65, 802 9,359 5,737 35,855 65, 097 85,805 9,105 67, 531 51,403 200,909 25, 941 79,101 124, 371 633, 744 6,596 629,113 24, 990 330, 704 170, 712 405, 000 51,175 19,070 153,467 185, 220 42, 284 236, 971 67, 423 166,151 $333 46,588 30, 371 42, 236 124, 832 lli 895 49, 409 32, 517 6,537 24, 866 25,102 168,603 128, 337 215, 724 404, 431 103, 609 43, 225 21,095 654,185 2,574 100. 607 14,241 3,542 12,816 15, 258 678, 349 18,439 30, 696 27, 287 3,084 9,635 15,162 13,816 44, 815 86,248 21, 738 3,681 376 49,441 24, 217 14, 770 14, 270 18,411 433, 400 13, 478 30, 398 34, 350 364, 812 16, 680 19, 817 6,723 8,859 20, 289 2,171 1.861 13; 749 4. 305 67, 942 $21, 090 1,892 Total assets. $208,106 986, 637 860, 929 126, 925 471,991 349,125 1, 987, 239 212,910 1, 691,113 487, 071 140,337 316, 375 94,112 38,182 760, 661 2, 934, 756 468, 223 1,181,465 653, 658 196, 504 61, 511 392, 966 227, 871 806, 993 807,572 2, 493, 414 2, 766, 509 1, 019, 841 272, 634 296, 910 1,431,055 115, 304 333,664 203, 098 217, 912 125,178 229, 432 2, 699, 787 342, 059 563, 089 237, 356 227,236 75, 604 115, 213 186,064 169,912 1,104, 007 161,439 148,825 58,051 558, 418 369,806 219, 983 226, 937 368, 717 4,822,109 201, 578 746,506 430,471 2, 657, 528 506, 271 1, 856, 661 184,971 176,831 274,750 339, 715 60,014 589, 938 156,122 361,903 $136, 479 85,248 Offsets allowed and settled. 19, 445 6,845 58, 645 55, 342 30, 641 1,570 33, 454 4,608 274 317, 742 285, 736 101, 719 38, 911 303, 504 15, 780 6,211 30, 378 8,949 98, 460 280, 955 368, 992 103, 842 3,225 %735 8,964 7,068 10, 410 26, 951 2,191 3,595 2,869 452, 953 60,447 24,882 8,761 2,100 3,510 3,043 1,139 4,296 48,381 3,151 17,409 13,192 60,311 8,487 6, 537 21, 498 166, 831 62, 774 36, 598 41, 324 59, 323 7,245 1,482, 725 22,962 16, 072 164, 949 20,608 714 18, 541 30, 088 12,492 $7, 700 178 Loss on assets coinsold under order of court. pounded or $114, 236 796.197 686, 665 93. 638 380,383 179, 894 929, 289 132, 806 400, 903 187,586 70,122 123, 409 57, 938 219,750 1, 254, 358 379,794 56, 011 37, 629 224, 703 22, 084 285, 346 161,013 765, 356 589, 213 616, 642 146, 764 182, 231 715, 584 51, 294 235,127 118, 083 55, 917 54,332 196, 231 1, 948, 095 84, 709 58, 715 186, 254 6,266 49, 929 30, 319 111,780 85,019 470,908 18,635 67, 345 44,344 223, 375 203, 792 99, 588 117,173 139,309 1,771, 699 1, 310 606,580 143,664 310,813 287, 682 22, 559 67, 396 268, 000 47, 239 6,972 106, 292 32, 372 $20,141 65, 804 Nominal value of assets returned to stockholders. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 $89, 855 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 33,363 44 45 46 47 53,473 48 49 50 51 52 53 54 55 36, 957 56 34, 259 57 58 59 60 61 62 63 64 112,818 65 66 67 '279,' 987' 70 71 72 216 REPORT OF THE COMPTROLLER OF THE CURRENCY. INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF RE SYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS, Name and location of bank. Date of organization. Capital stock. Receiver appointed. Farmers National Bank, Platto City, Mo May 5,1877 $50, 000 Oct. 1,1878 First National Bank, Warrenaburg,' Mo J uly 31,1871 100, 000 Nov. 1,1878 German American National Bank, Washington, D. C .. May 14,1877 130. 000 Nov. 1,1878 German National Bank, Chicago, I I I / Nov. 15,1870 500, 000 Dec. 20,1878 Commercial National Bank, Saratoga Springs, N. Y June 6.1865 100, 000 Feb. 11,1879 Second National Bank, Scran ton, Pa.* Aug. 5,1863 200.000 Mar. 15,1879 National Bank of Poultney, Vt May 31,1865 100, 000 Apr. 7,1879 First National Bank, Moriticello, Ind ' Dec. 3,1874 50, 000 July 18,1879 First National Bank, Butler, Pa ! M u\ 11,1864 50, 000 July 23,1879 First National Bank, Meadville, Pa ! Oct. 27,1863 100, 000 June 9,1880 First National Bank, Newark, N. J ! Aug. 7,1863 300, 000 June 14,1880 First National Bank. Brattleboro, Vt ! J une 30,1864 300, 000 June 19,1880 Mechanics' National Bank, Newark, N. J ; Jnne 9, 1885 500, 000 Mar, 2.1881 First National Bank, Buftalo, N. Y ! Feb. 5,1864 100,000 Apr. 22,1882 Pacific National Bank, Boston, Mass ! Nov. 9,1877 961, 300 May 22,1882 First National Bank of Union Mills Union City, P a . . . O,-t. 23,1863 50, 000 Mar. 24,1883 Vermont National Bank, St. Albans', Vt •' ><'t, 11,1865 200, 000 Aug. 9,1883 First National Bank, Leadville, Colo Mar. 19,1879 60. 000 J a n . 24,1884 City National Bank, Lawrenceburg, Ind.* Feb. 24,1883 100, 000 Mar. 11,1884 First National Bank, St. Albans, Vt i Feb. 20,1864 100, 000 Apr. 22,1884 First National Bank, Monmouth, 111 j July 7,1882 75, 000 Apr. 22,1884 Marine National Bank, New York, N. Y -3 line 3,1865 400, 000 May 13,1884 Hot Springs National Bank, Hot Springs, Ark Feb. 17,1883 50, 000 June 2,1884 Richmond National Bank, Richmond, Ind 'Mar. 5,1873 250, 000 July 23,1884 First National Bank, Livingston, Mont J uly 16,1883 50, 000 Aug. 25,1884 First National Bank, Albion, N. Y i Dec. 22,1863 100, 000 Aug. 26,1884 Sept, 13,1884 First National Bank, Jamestown, N. Dak I Oct. 25,1881 50, 000 Oct. 18,1884 Logan National Bank, West Liberty, Ohio May 7,1883 50, 000 Nov. 29,1884 Middletown National Bank, Middletown, N. Y ! Jnne 14,1865 200,000 Dec. 17,1884 Farmers' National Bank,Busbnell, 111 j Feb. 18,1871 50, 000 Mar. 23,1885 Schoharie County National Bank, Schoharie, N. Y I Aug. 9,1865 50,000 Apr. 9,1885 Exchange National Bank, Norfolk, Va ! May 13,1865 300, 000 Jan. 4,1886 First National Bank, Lake City, Minn Nov. 29,1870 50, 000 Jan. 20,1886 Lancaster National Bank, Clinton, Mass ". Nov. 22,1864 100, 000 Mar. 11,1886 j First National Bank, Sioux Falls. S. Dak Mar. 15,1880 50, 000 Apr. 8,1886 First National Bank, Wahpeton, N. Dak | Feb. 2,1882 50, 000 Apr. 19,1886 First National Bank, Angelica, N. Y I Nov. 3,1864 100, 000 May 4,1886 City National Bank, Wilfiamsport, Pa I Mar. 17,1874 100, 000 Aug. 2,1886 Abington National Bank, Abington, Mass.i I July 1,1865 150,000 Sept. 8,1886 First National Bank, Blair, Nebr June 7,1882 50, 000 Nov. 20,1886 First National Bank, Pine Bluff, A r k Sept. 18,1882 50, 000 June 3,1887 Palatka National Bank, Palatka, Fla Nov. 20,1884 50,.000 27,1887 Fidelity National Bank, Cincinnati, Ohio I Feb. 27,1886 1,000, 000 June Aug. 17,1887 Henrietta National Bank, Henrietta, Tex { Aug. 8,1883 50,000 Aug. 24,1887 National Bank of Sumter, S. C Nov. 26,1883 50, 000 Sept. 8,1887 First National Bank, Dansville, N. Y Sept. 4,1863 50, 000 Oct. 11,1887 First National Bank, Corry, Pa Dec. 6,1864 100, 000 Oct. 17,1887 Stafford National Bank, Stafford Springs, Conn Jan. 7,1865 200, 000 Nov. 15,1887 Fifth National Bank, St. Louis, Mo Dec 6,1882 300, 000 Feb. 10,1888 Metropolitan National Bank, Cincinnati, Ohio June 23,1881 1,000, 000 Feb. 20,1888 First National Bank, Auburn, N. Y Jan. 13,1864 i.yj,ooo Apr. 2,1888 Commercial National Bank, Dubuque, Iowa Mar. 4,1871 100,000 Mar. 31,1888 State National Bank, Raleigh, N. C June 2,1868 100, 000 May 9,1888 Second National Bank, Xenia, Ohio Jan. 1,1864 150,000 June 23,1888 Madison National Bank, Madison, S. Dak | Nov. 29,1886 50,000 Sept. 19,1888 Lowell National Bank, Lowell, Mich June 14,1865 50,000 Jan. 14,1889 California National Bank, San Francisco, Cal Oct. 20,1886 200, 000 Apr. 22,1889 First National Bank, Anoka, Minn Sept. 14,1882 50, 000 Dec. 13,1889 National Bank of Shelbyville, Tenn I Oct. 29,1874 50,000 Dec. 23,1889 First National Bank, Sheffield, Ala I Jan. 14,1887 100, 000 Dec. 30,1889 Third National Bank, Malone, N. Y J uly 15,1885 50, 000 Jan. 21,1890 First National Bank, Abilene, Kans I June 23,1879 100,000 Feb. 10,1890 Harper National Bank, Harper, Kans I Jan. 6,1886 50, 000 June 12,1890 Gloucester City National Bank, Gloucester City, N. J..!; Oct. 26,1888 50, 000 July 14,1890 Park National Bank, Chicago, 111 '. May 11,1886 200, 000 Sept. 25,1890 State National Bank, Wellington, Kans Oct. 1,1886 50, 000 Oct. 2,1890 Kingman National Bank, Kingman, Kans j Sept. 16,1886 100, 000 Nov. 21,1890 First National Bank, Alma, Kans ! Aug. 3,1887 75, 000 Dec. 12,1890 First National Bank, Belleville, Kans : Aug. 28,1885 50,000 Dec. 24,1890 First National Bank, Meade Center, Kan s j May 5,1887 50, 000 Dec. 26,1890 American National Bank, Arkansas City, Kans | Mar. 15,1889 300,000 Jan. 14,1891 City National Bank, Hastings, Nebr ". | Dec. 27,1883 100, 000 Jan. 20,1891 People's National Bank, Fayetteville, N.C j June 27,1872 125, 000 Feb. 3,1891 Spokane National Bank, Spokane Falls, Wash Jan. 24.1888 100, 000 Feb. 11,1891 First National BanK, Ellsworth, Kans Sept. 1L 1884 50,000 * Formerly in voluntary liquidation. t Restored to solvency. 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 '130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 REPORT OF THE COMPTROLLER OF THE CURRENCY. 217 CEIVER AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL BANKING AMOUNTS COLLECTED FROM ALL SOURCES, ETC—Continued. Nominal assets at date of suspension. | ! Additional Estimated good. assets rejceived since Estimated Estimated date of doubtful worthless. suspension. $18,691 $9, 561 194, 457 90, 953 256, 286 139, 514 101, 971 104, 966 133.169 167, 503 101,178 264! 908 97, 257 68, 078 23. 646 6,734 12i 647 134, 716 115, 012 22, 545 64, 041 418, 951 51, 574 1,114. 503 185,002 65. 526 488, 892 648, 710 1, 416, 793 46, 829 161, 699 520. 917 124,114 56, 042 72,197 14. 500 13, 993 96, 875 217, 314 96. 543 172, 940 816, 916 3, 496, 495 27, 774 31, 058 72, 356 367,109 15. 304 33, 543 44, 446 55. 763 29, 826 7r519 £.695 60, 096 53, 692 600, 810 3, 874 13.170 39, 593 96, 981 1,273,711 1, 441. 378 91,990 57, 487 138, 707 144, 850 137, 859 48, 510 66, 965 20, 505 28,459 59, 810 26, 825 154, 879 122, 551 168,364 235, 474 8.000 50, 793 82, 612 15,646 32. 092 2, 464, 079 915, 577 74.171 35. 999 66, 081 8, 397 17,449 20, 239 156, 586 119. 809 208, 243 929^ 388 580, 321 787, 598 1, 668,952 268,961 160, 617 333, 506 324, 872 152, 390 176. 652 181, 870 214, 560 17.136 91,153 55;535 71,124 400, 003 61,519 83. 776 44, 698 1, 898 98.099 153, 262 117, 240 74, 662 31, 442 38. 896 92, 995 25| 775 21,224 6, 675 12, 317 342, 921 256, 395 23, 319 77, 765 11, 416 1.01, 635 9, 233 27, 273 10, 794 50, 866 6, 201 42,808 206,303 376, 977 48.128 59, 642 101,878 I 24, 882 314.354 ' 190, 090 46, 213 102,952 $42. 296 11. 578 37, 923 475, 052 28, 969 104, 858 18, 384 4,374 34, 737 12, 863 55, 895 3Q2, 654 78, 286 696, 987 1, 397, 334 16. 309 118! 618 102.112 2; 554 49, 951 9, 688 1, 568, 940 27,190 171, 319 22, 255 113, 329 29, 352 167, 075 62, 229 28, 010 938,916 i 7,291 8, 094 3,821 44,909 70,458 24. 398 5, 462 6. 834 4,909 8,791 2,494, 511 12, 995 159 37, 572 m, 710 60, 869 61, 622 125,236 510,790 15.112 137, 561 78. 496 20, 025 1,316 216,704 17, 225 44,592 72,568 33, 827 81. 897 19! 674 56. 237 142,551 11, 646 64, 792 40, 709 22,426 21, 564 55, 732 110,400 124, 504 9,060 43,981 $1, 944 33, 375 61,147 29, 881 17, 085 47, 591 19, 560 15. 017 27, 503 19,198 41,173 43, 895 231,058 36, 916 444,128 23. 640 20, 617 52,069 1,599 77, 584 32, 854 860, 400 6,407 124, 054 867 212, 500 3,312 56, 057 126, 935 11,899 4, 809 263, 863 57, 994 69,964 10, 578 4,138 7,798 35, 202 21,633 5,439 6,212 1, 790 567, 879 25, 696 17, 769 56, 220 29,501 29,177 95, 471 7,111 193,510 29, 221 8, 398 69,652 7,352 46. 811 95J 050 21, 948 6,092 8,496 2, 383 6,119 4,525 8,034 41,536 9,953 7, 558 14, 955 2,144 969 106, 315 17, 406 25, 261 216,128 3,644 Total assets. Loss on Nominal assets com- value of Offsets pounded or allowed a n d sold under settled. order of court. $72, 492 330, 363 494, 870 711. 870 346, 726 518, 535 203, 279 49, 771 209, 603 169, 618 580. 060 398^ 123 608, 849 1, 288, 321 1, 906. 965 3 248^477 784. 266 282^ 420 32 646 441,724 312, 025 742, 751 6, 92,429 734, 838 71,969 426, 038 70. 009 138'. 848 948, 512 9J, 172 169,303 917, 868 3, 214, 768 361, 615 200, 768 136, 517 166, 525 241, 304 317, 810 255, 747 144, 526* 58, 319 442, 046 6,148, 861 84, 009 119, 638 273, 036 418,158 666, 802 1, 588, 897 2,133, 878 1, 702, 711 475, 001 544, 578 135,666 174,786 773,, 276 167 647 150. 681 351. 566 142, 314 219,907 71.198 83. 263 783, 403 122, 683 185, 401 92,170 86, 230 71, 542 745, 327 235, 576 276, 525 729, 632 196, 790 $10, 947 55, 255 165, 846 6,170 17, 475 36, 737 3, 353 8,411 11, 920 3, 345 154, 945 4,902 73. 925 172, 063 201, 268 4, 376 19,171 8,971 52 9.888 5,320 904, 558 5, 3*1 32, 233 84 42, 269 5 11,140 22,189 3,411 508 188,920 584 18, 883 54,116 1,168 1,284 4,104 3, 721 5,645 127 207 507 883 783 810 982 729 64 106, 562 26, 043 86 953 801 66, 364 650. 736 753 395 89, 925 483, 834 18,418 16 017 152, 038 11, 671 109. 230 31, 402 348, 492 23,118 144, 070 49,155 75, 679 169,112 350 89, 506 272,287 629,752 6,594 883 19, 806 8,971 10, 556 164. 276 17, 528 46, 271 71,172 67, 849 13, 275 2, 001 1,840 21, 019 2,196 973,892 1,416 725 5,323 232 76 124 801 1,531 275 162 3 975 175 8,144 67. 209 2,420 $8, 118, 92, 521, 101, 203. 25. 36, 21, 106, 10, 030 268 872 211 816 76, 659 2, 358 76, 736 1,057 68, 034 124, 580 10,146 582,026 16, 000 127,552 121, 369 220,176 39, 557 990 33, 240 128, 879 15, 519 122, 751 25, 354 4, 682 7,446 6,813 23,696 8,934 21,911 517 3, 000 4; 867 3 560 ' 7,224 1, 772 1, 282 assets returned to stockholders. 73 74 76 77 78 79 80 81 82 26, 439 83 84 302, 654 85 86 87 88 89 90 91 92 93 94 95 18, 517 96 97 98 99 100 101 41, 079 102 103 104 65, 573 105 60, 998 106 107 108 77, 725 109 110 70, 715 38, 917 111 43, 697 112 113 44 068 114 115 37, 585 116 117 118 119 '""i33,"585* 120 121 1,164, 063 122 123 124 125 161, 275 126 127 39, 557 128 129 i 130 I 131 I 132 133 134 135 136 ! 137 i 138 139 140 141 I 142 S 143 I 144 [145 ! 146 147 $69. 659 72. 754 77, 592 218 REPORT OF THE COMPTROLLER OF THE CURRENCY. INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF R E SYSTEM, W I T H AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS, Name and location of bank. 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 Date of organization. Capital stock. Second National Bank, McPherson, Kans . . . . Sept. 16,1887 Pratt County National Bank, Pratt, Kans Sept. 8,1887 July 30,1875 Keystone National Bank, Philadelphia, Pa Mar. 13,1886 Spring Garden National Bank, Philadelphia, Pa. July 29,1872 National City Bank, Marshal, Mich May 10,1884 Red Cloud National Bank, Red Cloud, Nobr .. Sept. 17,1887 Asbury Park National Bank, Asbury Park, N. J Ninth National Bank, Dallas, Tex | Sept. 12,1890 Nov. 8,1882 First National Bank, Red Cloud, Nebr Central Nebraska National Bank, Broken Bow, Nebr... Sept. 28,1888 Oct. 3,1889 Florence National Bank, Florence, Ala July 15J884 First National Bank, Palatka, Fla May 17,1887 First National Bank, Kansas City, Kans Oct. 28,1889 Rio Grande National Bank, Laredo, Tex Jan. 30,1865 First National Bank, Cleartield, Iowa Dec. 18,1889 Farley National Bank. Montgomery, Ala.* May 9,1887 First'National Bank, Coldwater, Kans Dec. 31,1864 Maverick National Bank, Boston, Mass Nov. 12,1864 Corry National Bank, Corry, Pa Dec. 2,1885 Cheyenne National Bank, Oheyenue, AVyo Dec. 29,1887 California National Bank, San Diego, Cal July 25,1866 First National Bank, Wilmington, N. C Nov. 21,1884 Huron National BanK, Huron, S. Dak Oct. 12,1886 First National Bank, Downs, Kans Feb. 23.1865 First National Bank, Muncy, Pa Aug. 25,1890 Bell County National Bank' Temple, Tex Apr. 22,1884 First National Bank, Dem ing. N. Mex Sept. 17,1886 First National Bank, Silver City, N. Mex Jan. 16,1883 Lima National Bank, Lima, Ohio J u l y 31,1890 National Bank of Guthrie, Okla Apr. 16,1890 Cherry vale National Bank, Cherry vale, Kans . Jan. 15,1889 First National Bank, Erie, Kans. May 29,1888 First National Bank, Rockwall, Tex July 17,1865 Vincennes National Bank, Vincennes, lad $50, 000 50, 000 500, OOo 750, 000 100, 000 75, 000 100,000 300, 000 75, 000 60, 000 60, 000 lfiO, 000 150, 000 100, 000 100,000 100,000 52,000 400, 000 100, 000 150, 000 500, 000 250, 000 75, 000 50, 000 100,000 50, 000 100,000 50, 000 200, 000 100, 000 50, 000 50. 000 125; 000 100, 000 Total 33, 030, 900 * Restored to solvency. I Receiver appointed. Mar. Apr. May May June 25, 1891 7, 1891 9, 1891 21, 1891 22, 1891 July 1, 1891 July 2, 189 L July 16, 1891 July 16, 1891 July 21, 1891 July £3, 1891 Aug. 7, 1891 Aug. 17, 1891 Oct. 3, 1891 Oct. 7, 1891 do Oct. 14,1891 Nov. 2, 1891 Nov. 21,1891 Dec. 5, 1891 Dec. 18,1891 Dec. 21,1891 Jan. 7, 1892 Feb. 6, 1892 Feb. 9, 1892 Feb. 19,1892 Feb. 29,1892 do Mar. 21, 1892 J u n e 22, 1892 I •July 2, 1892 I July 20,1892 July 22,1892 REPORT OF THE COMPTROLLER OF THE CURRENCY. CEIYEK, AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued. Nominal assets afrdate of suspension. Additional assets received since Estimated Estimated Estimated date of susdoubtful. worthless. pension. good. 24,983 575, 606 280, 592 157, 652 33,823 24, 089 123,895 34, 040 37, 214 27, 436 157, 630 86, 050 42. 152 74, 758 $85, 858 56, 756 996, 992 555,430 38, 725 118,333 32, 015 229, 956 41, 226 91, 674 80,860 214, 991 87, 665 27,181 51. 564 $29, 718 17,166 153, 913 1, 485, 688 641 13, 635 56, 240 218,928 82,117 9,321 15, 460 112, 844 118, 023 101, 848 142,122 16,121 4,170, 649 429, 340 130, 365 541, 363 140, 808 41, 221 17, 570 62, 381 68, 264 24. 715 63; 241 124,113 50,064 4, 747, 445 152,513 298,762 535, 479 369,140 17, 778 60, 938 106. 718 65, 727 209, 549 86,124 276, 990 19, 455 772, 597 61,480 31, 617 360,716 181,995 39,147 39, 621 9,696 2, 650 32, 215 5,048 58, 257 15. 583 60, 369 31, 523 106, 351 31,110 5, 111 79, 936 109, 297 $7,435 5,371 122,446 220, 593 17,173 17,196 23,462 12,484 5,059 1,599 973 3, 911 17, 880 5,352 37, 008 Total assets. $130,548 104, 276 1, 848, 957 2, 542, 303 214,191 182, 987 135, 806 585, 263 162, 442 139,808 124,729 489, 376 309, 618 176,533 305, 452 2, 988 88, 628 442, 375 10,133, 066 691,994 48.661 524,646 63. 902 172. 833 1,610,391 702, 326 10, 383 li590 99, 736 119, 620 1. 491 205, 895 27! 100 137, 721 1, 080 272, 916 6: 437 157, 465 3. 052 478, 761 19,401 191 1, 549 156 24, 622 100, 817 97, 982 221,266 389,429 Loss on asOffsets al- sets comor lowed and pounded under settled. sold order of court. $2,156 397 103, 261 112,165 11, 698 3,120 339 10, 600 740 5,2(50 I 218 ! 2,203 I 2, 458 1, 072,195 15, 555 8, 822 19, 762 8, 493 92 129 7, 093 27, 847 4, 265 1, 557 32, 869 $4, 301 667 13, 541 2, 256 2,606 8 149 150 151 152 .|]5:5 -I J54 .155 .150 92, 652 13 -1157 2, 898 15,190 1,808 213 2,401 123,151 9, 249 1,910 I 5,78 4 1 20,000 1 6,504 4,629 ! 2, 206 I 1, 286 j "4,'382" 45,046,031 I 36,862,327 26, 724, 828 11,125, 380 119, 758, 566 10,207,458 | 26,372,544 BANKING Nominal value of assets returned to stockholders. 1,069 17.;;O:J i 219 .158 -! 159 160 101 162 103 -1164 -I 165 . | 166 j 167 168 169 I 170 1 171 $74,869 ^ 172 ! 173 | 174 I 175 '0 177 178 179 181) 181 3,262,033 220 REPORT OF THE COMPTROLLER OF THE CURRENCY. INSOLVENT NATIONAL BANKS, DATES * OF ORGANIZATION, APPOINTMENT OF RESYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS, Collected Nominal Collected value of remaining from assets. assets. $200 9 10 | , j 15 ! 16 | 17 ! 18 19 20 21 22 23 24 25 26 | 27 I 28 j 29 ! 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 j 52 I 53 | 54 I 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 8,639 67, 835 291,357 196,790 250,854 $75,209 120, 995 174,264 33, 287 91,608 162,386 999,305 79, 904 1, 234, 868 268, 844 68, 645 159,512 31, 566 37. 908 223,169 1, 394, 662 276, 649 762,760 350,154 124, 713 23, 882 162,052 175, 409 512,698 548, 099 1, 447.103 1, 808; 304 299,357 122, 645 108,944 706, 507 56, 942 79, 488 58, 064 91, 969 67, 251 30, 332 8,739 196, 903 188,135 42,341 22, 080 22,165 48,488 73,145 80,597 584,718 86,180 64,071 13,707 321, 851 105, 703 111,908 103, 227 207, 910 2,846, 622 103, 235 103,328 245.483 1,492,008 157,544 351, 377 94, 613 47,941 109,801 51,107 12, 061 284,438 19, 742 66.185 $1,164 1,245 16,488 4,000 348, 961 "i36,'i72" 10,079 42, 795 109, 707 228, 580 5,200 19, 675 11,400 303, 813 2,250 37,597 66,535 93,619 106,451 11,269 1,100 42, 212 4,510 58,826 15, 552 2,664 122,127 91, 930 43, 232 8,044 9,540 245,108 47, 949 65,132 16.455 54, 536 16, 447 123, 430 16, 500 23, 622 T , $76, 373 122, 240 190, 752 37, 287 91, 608 169, 886 1,037,529 82, 029 1, 234, 868 268, 844 97.580 168, 448 31, 566 37, 908 223,169 1, 743, 623 276, 649 898,932 350,154 124, 713 23,882 172,131 218, 204 622, 405 776, 679 1, 452, 303 1, 808, 304 299,357 142, 320 120, 344 1, 010, 320 56, 942 79,488 60, 314 129, 566 67, 251 30,332 365, 274 196, 903 281, 754 148,792 33,349 23, 265 48,488 115, 357 85,107 643, 544 86,180 79,623 16, 371 443, 978 197,633 155,140 111,271 217, 450 3, 091, 730 103,235 103,328 293,432 1,492,008 222, 676 351, 377 94, 613 47,941 126, 256 105,643 28, 508 407, 868 36, 242 89, 807 Loans paid and other Dividends paid. disbursements. $275 816 935 507 17,477 7. 054 18,655 72, 399 208 15,507 3,786 2,926 4, 932 203,170 72, 365 596, 665 2, 296" 1, 300 6,248 18,964 35, 839 16, 393 746,153 20, 315 4,545 3,630 4,350 14,289 559 296 56,921 74,896 2,309 445 3,928 3,616 5,385 63,475 1,579 16,773 5,000 520 4,797 8,805 753 658,784 4,059 7,846 207,607 1, 791 3, 048 1, 576 114, 220 9,762 $70, 811 101, 387 165,769 32, 305 65, 335 132, 608 884, 429 58, 661 1,138, 870 143, 307 86, 737 134, 929 16, 654 29, 277 •• 163,982 1, 326, 487 175, 92"0 263, 065 342, 054 77,508 15,142 143, 209 175, 430 549,427 661, 816 1,374, 339 747,428 259, 487 125, 667 107, 258 862, 263 46, 634 62, 032 31, 668 101, 545 62, 646 19,002 228,412 108,318 226,308 135,797 18,258 12, 624 34,536 88,697 65, 783 545,593 60, 647 59,121 9,456 388, 856 173, 512 136, 474 89, 715 202,753 2,165, 388 81, 941 73,890 254, 647 1,071,774 193,941 316, 828 52, 514 33,105 107,575 79, 725 21,710 262,887 29 377 66, 810 Receiver s Legal salary and expenses. other expenses. $6, 463 11, 281 1,258 6,182 12, 247 43,183 6,673 28, 677 17,134 5, 315 3,977 1,773 2,705 9,091 76, 648 10,437 9,436 3,085 362 6. 037 16, 709 25, 376 27, 330 24, 241 13,637 728 250 1, 270 67, 569 1,267 4, 718 6,075 8,232 1,166 42,067 21,495 3,946 4,731 1, 367 2,077 8,804 5,060 13,802 592 2, 200 2,751 25, 040 5,146 966 2,082 1,898 79, 802 2, 690 11,987 6,668 13,451 13,104 5,444 576 3,974 5,546 11, 006 2,315 10,129 825 ' 1, 352 $5, 562 14, 390 13,.427 2,908 19,156 24, 524 92,440 9,442 48, 666 35, 983 5,320 14,008 9,353 3,000 45,164 137, 318 16,713 29, 766 8,100 8,264 1,878 21, 564 19, 817 28, 638 51, 445 37,128 53, 287 18, 827 11,858 11, 362 76,858 4,691 12,391 8', 278 19, 230 4, 309 10,164 37,874 13,689 31,642 8,604 10, 348 9', 274 7,935 10, 005 8,879 19, 880 13, 874 1, 529 4,164 25, 082 9,716 12, 903 10,669 12,046 161, 036 10, 919 17,251 24, 271 73, 899 15, 601 27, 314 1,604 5,013 13,135 13, 336 4,483 4,950 6 040 11,883 REPORT OF THE COMPTROLLER OF THE CURRENCY. 221 CEIVEK, AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL BANKING AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued. Balance in hands of Comptroller or receiver. Amount Amount of returned to j assessment shareholders ' upon sharein cash. holders. $50. 000 300, 000 200, 000 50,000 100.000 500. 000 120, 000 26,000 39, 300 100, 000 1 1 1 $1 214 ! ! 33. 500 |. 6, 500 !. 400. 000 135, 000 125. 52, 350, 300. 300i 249 202 000 500 000 000 000 400, 000 50,000 100,000 600,000 50, 000 45,000 100, 000 500, 000 200, 150, 34, 50, 50 12 4.185 "7SM~ 000 000 000 000 75, 000 50, 000 250,000 9, 488 8, 730 26,720 ! 3, 620 60, 000 30, 000 140, 000 132,000 67, 000 50, 000 53, 000 625. 000 72,000 125,277 j 00 200,000 36,871 ! 5,849 I 15, 682 35,000 125.000 36. 000 160, 000 50, 000 loo, ooo Amount of claims proved. $122, 089 434, 531 669, 513 82, 338 376, 392 289, 467 1,119.313 127, 801 1,191, 500 170,752 68,986 205!256 33, 870 69,874 170, 012 1, 282, 254 157,120 378, 722 645. 558 79,864 15,142 254. 901 17l! 468 657,020 597, 885 1,619,965 796,995 992. 636 167. 285 175,081 1,429, 595 67, 292 144, 606 55, 372 176. 601 62, 646 93.021 1, 795, 992 237, 824 376, 756 177, 512 35,801 56, 457 34,535 91, 801 135, 952 703, 658 59, 226 97, 464 35, 023 352, 062 185, 760 175, 952 140,735 227, 355 1, 935, 721 133,112 196, 350 254, 647 1, 061, 598 298,324 392,394 75,175 29,204 118,371 90, 424 36, 109 "261,887 77 104 168, 048 Dividends, per cent. 58 23. 37 24. 70 39.15 17.333 46. 60 79 45.90 96 88.50 100 68. 33 49. 20 41. 90 92.70 100 100 100 100 100 100 57. 46 100 84. 83 100 100 100 34 76 57. 50 62 73.50 43 58.30 57. 50 100 24. 391 14. 941 66 62. 56 76. 50 51 22. 50 100 100 48.40 77. 512 100 70 27 100 100 81.59 63. 60 89.179 100 100 37. 6483 100 100 65.57 100 1G0 100 90.50 88 60 100 38.10 40. 7285 Interest dividends, per cent. 50 100 38. 50 100 100 100 100 100 Finally closed. J a n . 2,1867 Feb. 2.1885 May 14,1883 J u l y 28,1870 Feb. 4,1870 Nov. 25,1882 Sept. 28,1882 Dec. 19,1874 Nov. 18,1874 Aug. 15,1872 Apr. 7,1881 Nov. 30,1872 Nov. 25.1882 Dec. 4,1875 May 16,1884 Apr. 20,1882 Nov. 16,1874 Sept, 1,1875 Feb. 13,1872 Oct. 2,1877 J a n . 3,1876 Feb. 15,1886 J a n . 8,1880 J u n e 1,1881 ! Apr. 29,1884 j J u l y 24,1876 Mar. 31,1883 I May 1,1876 ! May 15,1876 Nov. 30,1883 Mar. 21,1887 Dec. 6,1882 Sept. 11.1878 June 2.1883 Sept. 18,1876 May 14.1879 Nov. 20,1883 Mar. 19.1879 Apr. 5,1886 June 2.1884 Mar. 4,1886 Mar. 28.1883 Feb. 28,1878 Jan. 31.1881 July 20.1882 Feb. 28,1885 May 23,1888 July 14.1880 Nov. 25.1882 Aug. 11.1884 1 Sept. 14.1881 Jan. 18.1883 July 23,1881 June 10,1880 Mar. 26,1888 Oct. 15,1881 Oct. 5.1885 Mar. 3,1882 Feb. July Mar. Aug. June Mar. Sept. July Mar. Feb. 23,1892 6.1881 9.1882 5,1879 20,1882 9,1885 7, 1885 5,1879 24,1885 12,1889 222 REPORT OF THE COMPTROLLER OF THE CURRENCY. INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF RE SYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS, Nominal value of remaining assets. Collected Total Collected from assess- collections m e n t upon Tom assets. Irom all sharesources. holders. $30, 065 " '3275I9" "i59,"605' 11, 877 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 101,952 8,250 1, 760, 962 4,157 109,416 136, 320 33, 959 1, 499, 931 59, 334 26, 023 155, 259 132, 017 1,239, 925 6, 309 3, 300 2, 259, 078 522,292 285,470 109,178 116,132 61, 545 281,156 24, 305 174,184 40, 860 56,451 171,588 56, 460 133, 935 82,155 56,418 59,707 $78, 573 19, 266 20, 819 156, 601 126, 536 183, 917 157, " 205, 062 96, 605 29, 419 91,121 113, 791 338,162 89, 766 1,366, 608 457, 272 1,191, 340 150,019 281,261 145, 615 16, 577 143, 478 261, 075 4, 229, 032 37,129 294, 779 22, 744 84,440 20, 849 52, 029 625,194 46, 332 79, 289 2, 216, 736 148, 611 245, 704 59, 075 28, 477 77,305 165, 669 198, 513 204,047 64, 363 14,251 2, 579, 324 104, 682 82,069 31,798 139,485 263, 871 920,500 1,391,306 437,763 224,700 186, 976 330, 471 23,497 100,149 507, 246 88, 387 27, 930 70, 410 91, 239 40, 316 17,569 19,707 511, 995 56, 488 28, 024 9,498 26,537 6,806 $1,810 I 2,880 16. 277 72. 57fi 80, 257 54,950 4, 677 23, 001 267. 311 64. 055 495, 550 13, 450 734,724 8. 321 123, 919 5,190 23, 732 12,892 64, 650 272, 474 19.169 76, 936 18, 869 94,200 ""'23,503 142,726 50,000 1,400 167,196 58, 304 15,730 36, 700 1,180 301,668 18,135 34,002 34, 656 248, 662 72,577' 37, 900 18, 400 59, 645 32, 500 26, 707 18,500 40, 885 10,019 720 21, 240 33,229 4, 620 3,600 $80,383 22,146 20,819 172, 878 199,112 264,174 157. 782 260. 012 96, 605 34. 096 114.122 113, 791 605,473 154, 421 1, 862,158 470, 722 1, 926, 064 158,340 405,180 150, 805 40,309 156, 370 325, 725 4, 501, 506 56, 298 371.715 41, 613 178, 640 20, 849 75,532 767,920 96, 332 80, 689 2, 383, 932 148^ 611 304,008 74, 805 65,177 77, 305 165, 669 198, 513 204, 047 65,543 14,251 2, 880, 992 104, 682 100, 204 65,800 174,141 263, 871 1,169,162 1, 391, 306 510, 340 262, 600 186, 976 330, 471 41, 897 100,149 566, 891 120,887 54, 637 88, 910 91, 239 81,201 27, 588 20, 487 511, 995 77, 728 61, 253 9,498 31,157 10,406 Loans paid I I Receiver's and other Dividends j Legal | salary a n d disbursepaid. l expenses. other I expenses. ments. $2,125 272 1, 633 47,315 53. 898 49, 466 2, 021 57. 745 53 10 8, 420 10, 037 1, 910 194, 579 247 5, 099 3,392 17, 502 17,527 472, 674 64, 035 6, 359 6, 515 1,893 16, 654 174, 080 231 82, 472 16, 261 625 "i6,"i77 106,424 82 163, 069 777 519 1, 017 17,306 782, 390 5,647 5,810 1, 983 1,169 582 1, 466 59,535 25,108 1,177 49,174 31, 303 19,027 2,417 3, 405 41, 906 10, 875 1,552 3, 898 6,0 1, 097 $69,437 16,670 11, 803 100, 870 105, 763 182, 572 137, 428 166, 587 88,176 20, 998 82, 060 96,176 528, 305 99, 847 1, 790, 932 389, 222 1, 534,161 127, 863 321 870 83, 788 26, 809 72, 967 260,191 3, 615, 540 39, 812 275, 684 25, 006 117, 289 8,807 59, 057 651, 266 86, 263 59,461 1,968, 088 131,024 188, 482 22, 558 52,402 66, 394 135, 574 117, 878 82, 946 50, 597 9,492 2,164, 227 86, 442 80,120 46, 546 161, 497 255, 495 1, 084, 638 400, 998 412, 785 217, 660 172, 909 318,554 14, 875 93,051 482, 013 81, 087 43, 289 11,901 46. 375 52, 947 17, 525 11, 828 452, 017 60, 824 51, 600 " " 2 1 , " 361 5,553 $634 1, 488 850 3,838 15,827 5,385 10,245 1,792 7,167 3,225 19,338 2,973 46, 755 45, 449 80, 310 8,911 24, 279 9,652 2, 223 9,657 10,446 105,215 4,745 5,168 2,602 28, 750 52 5,012 46,474 1,825 5,010 95,545 192 2,855 5,705 1,840 1,155 1,425 198 324 106, 232 1,990 7,152 7,746 2, 280 882 26, 496 630 25,755 3, 703 2,988 1, 810 1,342 1, 923 4.690 3/104 5, 032 4, 396 2,089 105 270 137 4,455 250 1,597 1,635 585 745 $8,187 3,716 3, 005 8.176 23, 051 32,136 12,119 24, 551 7,517 11, 296 16,475 6,739 22, 690 10,832 24, 392 34,141 111, 237 18, 227 58, 784 26, 371 7,885 24, 531 20, 031 172, 604 11, 029 26, 828 13,178 13, 386 5,475 9,440 27, 201 8, 244 16, 215 79,144 2, 314 22,713 15, 224 10,299 6,607 7,321 5,208 4,279 11, 582 1, 348 63,262 8, 463 4,802 10, 731 9,845 3,988 29, 469 11,572 28,191 14, 053 9,096 4,622 11, 666 3,348 13, 910 9,876 5,139 10,487 5,250 6, 603 5, 446 2, 551 12, 781 5,417 5,378 2, 667 2,545 2,393 REPORT OF THE COMPTROLLER OF THE CURRENCY. CEIVER AND CLOSING, SINCE THE ORGA.NIZA.TIOX OF THE NATIONAL AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued. Balance in Amount rehands of turned to Comptroller shareholders or receiver. in cask $108 573 $3, 420 12, 679 829 884 859 7,651 25,103 40, 769 79 5, 827 3, 339 25, 895 31, 713 17,530 135, 473 712 827 12, 856 130 26, 325 3 67, 075 15, 057 11 3,364 384, 202 14. 850 7,486 3,149 5,172 75!229 10,074 3 329 7,787 8,130 2, 489 11, 253 37, 962 21, 374 13, 432 6, 743 1, 712 195,716 4, 316 361 12, 952 6, 222 2, 519 1,930 2, 566 836 362 1,126 1,298 651 18 Amount of assessment upon shareholders. $21, 500 17,000 50,000 130,000 121, 750 160, 000 10, 000 50, 000 300,000 75,000 500,000 100. 000 961, 300 50, 000 200, 000 60, 000 50,000 100, 000 75, 000 400, 000 25,000 250. 000 32,500 100,000 50,000 200,000 50, 000 50, 000 300, 000 100, 000 50,000 50, 000 50, 000 1, 000, 000 1*9, 500' 50, 000 60, 000 300,000 i 150, 000 100, 000 100, 000 50, 000 75,000 50,000 50, 000 100, 000 10,000 65,000 12,500 20, 000 24, 000 40,000 80, 000 25 500 11, 000 12, 000 Amount of claims proved. $70,191 27, 801 32, 449 156, 260 282. 370 197, 353 128,832 132.4G1 81, 801 21,182 108, 385 93, 625 580, 592 104, 749 2, 654, 690 894. 767 2, 397! 129 186,993 422, 772 209, 468 46, 441 294, 521 241, 521 4,531,375 36, 526 365, 931 26,322 409, 930 8,131 84, 978 651, 274 86, 258 140, 333 2, 895, 515 127, 524 171, 581 62,162 112,135 63, 669 130. 772 116,626 80, 452 108,175 9, 379 4, 328, 619 82, 156 75, 343 210, 074 174,120 247, 920 1,129,983 398, 236 825, 578 435, 319 326, 222 311,028 49,817 90,136 456, 667 108.127 143,454 79. 369 58, 743 75,387 21.907 29.569 465, 760 56, 672 83.980 12,753 30,510 18, 543 Dividends, per cent. 98. 925 60 100 100 68. 70 100 100 100 100 99.133 81 100 100 100 67.405 43.50 64 70 80.25 40 81.10 25 100 80 100 75.25 95 28.50 100 69.50 100 100 42.37 68 100 100 40 47 100 100 100 100 45 100 50 100 100 22.1568 92.75 100 96 100 50 50 53 100 30 100 100 75 30.177 15 80 70 80 40 100 100 (32. 50 70 30 Interest dividends, per cent. 100 100 42. 30 100 100 100 100 100 100 223 BANKING Finally closed. Feb. Apr. Oct. Mar. 12,1889 8.1881 10,1879 15,1881 Mar. 1,1884 Jan. 17,1881 Apr. 24,1886 Aug. 1,1881 Feb. 6,1883 Aug. 6,1887 Feb. 4,1882 Feb. 18,1885 Oct. 12,1885 I A p r . 30,1892 i June 6,1892 I I Oct. 25,1886 100 IOO" Sept. 25,1889 Sept. 30,1890 ! Oct. 29,1885 Jan. 22,1890 Feb. 10,1888 Sept. 30,1890 100 100 June 1,1886 Sept. 14,1891 100 100 100 100 Mar. Mar. Aug. Feb. Apr. 20,1890 2,1888 18,1887 17,1887 30,1887 Oct. 17,1887 100 100 100 July Mar. May Apr. Oct. 11,1889 5,1891 13,1892 25.1892 20,1888 160 June 27,1888 ! Jan. 15,1891 Jan. 21,1889 100 100 A pr. 24,1890 I Apr. 20,1892 100 100 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 224 REPORT OF THE COMPTROLLER OF THE CURRENCY. INSOLVENT NATIONAL BANKS, DATES OF ORGANIZATION, APPOINTMENT OF RE SYSTEM, WITH AMOUNTS OF NOMINAL AND ADDITIONAL ASSETS, Collected I r , , Nominal P n + ! from assess-! rfotal value of Collected m e n + l l l l o n I collections remaining from assets. s ] iar e_ I from all assets. holders. i sources. 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 $446, 967 191,227 216,143 200, 584 129,083 78, 520 65,431 1, 518, 539 2, 200, 674 50,758 139, 268 472, 599 148, 569 131, 847 109, 692 441, 672 226, 489 137,445 215, 302 $290, 825 36, 950 50, 466 461, 839 64, 005 45,571 37,781 213, 616 227. 208 149,129 40, 599 42,8J 5 102, 064 13,120 7, 961 13, 968 27, 443 62, 679 37, 062 87, 734 83, 238 257,799 130,771 346, 520 12, 510 !, 486, 861 257,577 153.694 198,164 90,277 15, 744 17,014 123,933 22, 007 10, 852 25,137 97.166 94,906 67,902 219, 949 311, 540 5,911 28, 794 1,317 73, 507 25, 802, 388 54,114,143 ' 71,259 2, 450, 859 409, 613 360,220 1,386,681 583,556 83,900 95,913 $24, 500 7,524 780 I 123,093 227,617 22, 750 82,100 128, 280 20, 304 "i58, 065 79, 377 27, 980 $290, 825 61, 450 50, 466 461, 839 71, 529 46,351 37, 781 336, 709 454, 825 149,129 63, 349 42, 815 102, 064 13,120 10, 841 13, 968 109,543 62, 679 37, 062 87, 734 $158, 304 16, 307 598 67, 811 20, 935 31, 265 "7,693 5,059 49, 817 8, 000 2,823 32, 214 77, 765 1,142 5,668 8, 878 1,622 17,238 35,580 1,503 12, 510 6, 615,141 277, 881 153, 694 356, 229 169, 654 15, 744 17,014 123,933 22,007 38,832 25,137 97,166 5,911 28,794 1,317 73,507 7,623,760 !T Receiver's Loans paid Legal salary and and other Dividends paid. expenses. other j disburseexpenses. | inents. 773 62, 074 3,948 51,049 88, 401 2,149 11,674 5, 363 11, 946 4,856 856 4,774 784 ; j i j 1, 063 4, 432 204 445 61,737,903 I 6,632,269 $118,323 29,482 40, 023 34.5, 203 44, 792 7,338 22, 868 151, 675 337, 019 131,791 53,763 8,753 14,147 5,607 91, 543 25,269 72, 518 8,482 I, 430, 568 269, 536 69,928 221, 080 155,714 8,745 80, 636 7, 592 33, 618 16, 526 85, 532 23,421 63,094 $3,592 1,143 621 4,840 255 748 1,393 14,190 6,955 122 276 18 426 121 848 139 1,219 48 501 95 13, 697 1, 073 4,768 858 8 606 114 74 550 $10, 368 3,503 6,655 13, 314 4,656 2,675 3,424 23,669 17, 882 3,555 2,015 1, 830 6, 075 2,182 2,059 1, 692 3,189 4,284 1,140 2, 971 1, 993 38, 538 3,921 3, 516 5, 913 4, 927 1,631 1, 427 2, 655 2, 015 1, 773 2,287 3,364 445 326 437 162 48, 052, 938 I 1, 677, 469 | 3, 055, 824 ! REPORT OF THE COMPTROLLER OF THE CURRENCY. 225 CEIVER AND CLOSING, SINCE THE ORGANIZATION OF THE NATIONAL BANKING AMOUNTS COLLECTED FROM ALL SOURCES, ETC.—Continued. Balance in hands of Comptroller or receiver. Amount returned to shareholders in cash. $238 11, 015 2,569 30, 671 891 4, 325 2, 403 142,116 43,152 5, 661 4, 472 Amount of assessment upon shareholders. $100,000 38,000 39, 000 500 000 750 000 37,500 4,077 3, 763 2, 993 2, 550 13, 050 14, 669 291 10, 241 45, 000 54,000 150, 000 1,167 70,264 476 28,128 3«,067 6,006 2,431 873 400, 000 100, 000 500,000 250, 000 $28, 696 7,430 2,511 1,542 6,936 82,000 9647- $236, 647 98,274 114, 363 384, 313 111, 980 40,508 34, 517 1, 516,787 1, 686,102 155, 048 87, 073 8, 753 94, 360 37, 335 71,970 36, 768 263,372 101,077 9,274 145, 035 39,239 7, 565, 376 539,071 280, 844 735, 673 521, 935 12,282 34,982 79, 330 25, 399 134,473 82, 636 171, 065 7,723 33, 457 5,486 214,378 4,317 518 676 9,806 1,459, 528 Amount of claims proved. 859, 875 -15 17, 925,850 70, 830, 366 Dividends, per cent. Interest dividends, per cent. 50 30 35 90 40 20 70 10 20 85 62.50 100 15 20 50 25 85 50 25 30 30 70 30 343 144 145 146 147 148 149 150 151 152 153 J u n e 30,1892 154 155 156 i 157 158 159 160 161 16'? Feb. 15,1892 f 163 164 165 166 167 168 169 170 171 Oct. 12,1892 175 173 174 175 176 177 178 179 180 181 1 35 25 25 100 30 25 20 50 Finally closed*. 100 ABSTRACT OF REPORTS OF CONDITION OF State Banks, Loan and Trust Companies, Savings and Private Banks, 1891-'92, ABBANGED BY STATES, TEEBITOBIES, AND GEOGRAPHICAL DIVISIONS. NOTE.—Reference marks in the tables following indicate the character of the source of information from which reports were received. 227 228 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTKACT OF REPORTS OF CONDITION OF STATE RESOURCES. Loans on colDate of re- No. of banks. Loans on lateral se- Other loans port. other and disreal estate. curity than real counts. estate. States, etc. New Hampshire (no report) Khode Island -• Connecticut - Total Eastern States. 1 New York . 2 New Jersey „ 3 I Pennsylvania Delaware* Maryland* Total Middle S t a t e s . J u n e 11,1892 Dec. 31,1891 . Nov. —,1891 . - . . - ! J u n o (JO, 18Q2 ' .do . ! $1,439, 646 4, 828, 996 14 6, 268, 642 190 22 82 4 306 Florida* Alabama* Mississippi Louisiana! Texas Arkansas* Kentucky Tennessee*..... May 17,1892 J u n e 30,1892 J u l y 12,1892 J u n e 30,1892 ....do ....do....!.. ....do May 17,1892 June 30,1892 ....do .do . .do. .do- 28 162 63 Total Southern States. Missouri . . . Ohio Indiana Illinois Michigan .. "Wisconsin . Iowa Minnesota . Kansas Nebraska I. May 16,1892 Oct. 5,1891 Oct. 31,1891 J u l y 28,1892 Sept. 30,1892 J u l y 4,1892 J u n e 30,1892 J u l y 12,1892 J u n e 4,1892 J u l y 12,1892 July - , 1892 July 1, 1892 June 30, 1892 .do J u l y 30, 1892 May 14, 1892 J u n e 30, 1892 do J u n e 10, 1892 J u n e 30, 1892 21 161 12 5 68 110 8 4 11 31 Virginia W e s t Virginia* N o r t h CarolinaSouth Carolina* Georgia*.. 10 i Nov. 37,1891 j Oct. 1,1891 Total Western States . Colorado California Oregon * .. Arizona* *. North Dakota. South Dakota. Montana*...'.. New Mexico tUtah Washington *.. Wyoming * . . . ....do .. Total Pacific States, etc . Total United States * Unofficial. t Semiofficial (all others official). $5, 396, 633 527,134 31,605 $1, 339, 335 182, 227, 338 6, 794, 049 27, 559, 579 973, 396 2, 293,783 5,955, 372 1, 339, 335 219, 848,145 203,775 641,140 118,181 461,999 63,139 10,500 535,059 277,914 2, 206, 834 96,183 131, 785 83, 225 558, 507 29, 324 1,623, 541 279, 075 797, 071 4,172, 858 986, 239 574 3, 513, 899 9,762,450 422 77 72 78 41 109 141 117 281 525 6, 228. 805 9, 650, 423 17, 212, 606 3,537, 240 4, 806, 965 2, 812,783 9, 342, 452 271,686 956,176 6,348,189 6,979, 475 759, 590 1,472,874 35, 460, 502 6,483, 842 96, 444, 380 59, 941,730 13, 584, 802 8, 010, 652 22,806,909 5, 286, 569 35,318,038 19, 717, 225 30,420, 044 13, 785, 782 26, 896, 402 1,056, 066 16, 935,294 13, 584, 802 17,301,942 298,558 96,805 16, 640,457 274, 936 169,446 55, 965 364,869 21, 881 '398*046" 745,459 222,183, 351 110,508 763, 082 928, 072 197, 241 321,534 168,003 726,771 217, 958 893,218 610, 408 69, 542 434 18, 621, 011 18,217, 048 67,006,337 3,191 45, 025, 576 42, 903, 635 611, 750; 855 I \ Includes all banks other than national. REPORT OF THE COMPTROLLER OF THE CURRENCY. 229 BANKS IN THE UNITED STATES, 1891 -'92. RESOURCES. Overdrafts. United States bonds. State, county, Railroad munici- bonds and pal, etc., stocks. bonds. Bank stocks. $83,939 $132,594 1, 021, 496 $158, 810 1,195, 382 $169,967 174, 738 $16,265 12, 824 83,939 1,154, 090 1, 354,192 344, 705 29, 089 11,773 917 26 665 9m 5, 657, 824 633,892 1, 067.187 215, 897 6, 845, 247 5,158, 027 1, 724, 342 6,815 71, 975 347,145 216, 758 392, 815 51, 410 57,815 479, 382 901,338 19, 284 222,498 10,204 26, 732 $20, 261 20, 261 180, 385 168, 670 $474, 800 1,497 28, 000 $21,143 482, 373 350, 552 502, 800 503, 516 163, 087 2,900 76, 622 9,827 118, 941 10, 922 10, 705 43, 246 38, 665 21. 278 179, 025 72, 222 747, 440 1, 260, 383 459, 808 161, 570 157, 066 59 253 305,125 108, 597 29 680 11,414 75,518 2,000 $8. 450 252, 844 201, 294 58, 225 19, 658,016 20,775 32,425 17, 249 1,800 4,085 21, 350 1, 700 58 506 1, 804,818 60, 633 143,767 370, 654 723, 867 22, 705 49, 000 354, 383 247, 246 2,419 102,421 1, 358, 350 209, 638 1, 970,331 702,189 238, 530 874,482 263,433 771,965 149,512 237, 630 480,701 1, 899, 269 44,529 196,309 90, 375 212, 384 531, 597 1,368,236 366, 690 199,457 81, 021 43,198 126, 847 814, 795 5, 852,138 1,568, 542 428,121 1, 503, 240 158, 294 7, 000 688,871 500 24, 850 1, 032, 730 196, 318 757, 731 5, 449, 907 15,943, 434 24,850 80, 691 232, 735 19,540 7,068 7,020 37,419 3,225, 067 384, 473 387, 449 i 387, 449 52, 548 84, 230 13, 360 38, 873 76, 775 24, 702 1,500 133,116 44,489 2,134 197,138 78, 737 471, 727 389,671 2,000 912,123 2, 313, 366 459, 612 22, 050 11 263 80,483 2,000 146,215 36, 804 51,236 25,809 135,762 11, 770 25, 398 70, 346 63,856 2,900 44, 622 81, 768 97,824 5, 072, 087 794, 310 5, 822, 948 10, 535, 029 3,195, 768 2, 212, 831 3, 219, 528 990,156 351, 313 2,116, 514 383, 478 693, 232 4, 814,128 438, 833 998, 255 1, 253, 048 271,584 2, 374, 021 7,684,710 1,029,482 180, 366 77,337 50,185 44, 330 69, 381 517, 410 572, 741 712, 396 5, 244, 257 1, 675, 856 3, 291, 670 1,965,597 2, 818, 796 1, 000, 782 14, 255,147 40, 977, 680 10, 951,536 219, 453 445,440 4, 432. 076 10,038,420 5, 552, 093 92, 860 165,160 439,' 887 65,245 20, 951 6,567 194,216 268, 094 39,881 470,810 750, 560 63,344 119,224 217,059 17,492 10, 925 154, 231 2,000 318,191 337.156 559, 280 347,126 78,647 3,832 23,164 329 2,000 1 2 2 1 2 3 4 5 33, 586, 645 8, 062, 853 1,180, 056 9 031 710, 861 26, 223 196, 652 311,424 313,786 4, 815, 047 from Real es- Current All other Drie banks tate, fur- expenses bonds and other and bankniture, and and taxes stocks. ers. fixtures. paid. 5, 078, 223 12,767, 361 7, 606,129 1 2 3 4 5 7 q 10 11 12 13 1 2 3 4 5 6 7 8 134, 776 325,638 q 58, 214 10 940, 227 1 2 9,672 19,809 4 71, 503 5 118, 877 8,906 7 880 8 22, 225 9 64, 512 10 2,455 11 16,474 335, 313 901, 895 45,595, 383 104,629, 312 32,037,310 3, 278, 995 230 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS RESOURCES. States, etc. New Hampshire (no report) . Rhode Island Connecticut Total Eastern States. New York New Jersey... Pennsylvania. Delaware * Maryland* Total Middle States. Virginia West Virginia *. North Carolina.. South Carolina*. Georgia* Florida * ..., Alabama*..- — Mississippi Louisiana t Texas Arkansas * Kentucky Tennessee* ..... Cash and casli items. Other resources. $92,534 448, 357 Total. $2, 093, 755 7, 702, 054 540. 891 9, 795, 809 59,122, 944 514,543 3, 264, 5(35 75, 323 452, 427 $593, 630 59, 413 2, 684, 880 13, 924 287,122, 667 9,472, 935 53, 330. 571 2, 258' 343 5, 903, 942 63, 429, 802 3, 351, 847 358, 088, 458 1, 516, 998 529, 957 449,548 322, 746 1, 612,183 117,185 127. 565 830,143 3, 927, 062 382, 965 326, 300 7; 267, 636 1, 349, 598 32, 850 926 136, 859 133, 821 34, 668 23,549, 094 6,182,103 7, 234, 356 4, 340, 748 17, 355, 582 895, 382 1, 615, 588 9,502, 894 12,527,744 1, 310, 758 3, 889, 322 59,281,063 11,471,190 159,155,824 2,478 276, 722 37, 604 474 Total Southern States. Missouri... Ohio Indiana Illinois Michigan .. Wisconsin . Iowa Minnesota . 9 Kansas 10 Nebraska £.. 18, 759, 886 656, 402 11,266, 795 2, 476, 084 1,115, 531 3,175, 495 527,262 4,443, 323 10, 229 3,682 19, 508 10,077 82,488 98, 332,149 33, 404,411 12, 239, 617 32,162, 424 8, 450, 378 51, 224, 080 26, 247, 649 41,863,108 23, 294,847 33,912, 977 Total Western States .. Colorado California Oregon * Arizona* North Dakota. South Dakota. Montana* New Mexico t. Utah Washington * . Wyoming* 30, 639,112 6, 667,502 361,131, 640 323,066 13, 985,132 361, 073 66,549 291, 063 407, 467 198,990 220,401 4, 977, 006 11,212 1,542 334, 041 55,483 958 304,576 345,749 13, 334 21, 057 31,593 3, 387, 890 125, 690, 208 3, 687,710 668,778 3,559, 205 5, 308, 457 2, 227, 403 544, 228 3,029, 539 4,307, 792 114, 790 Total Pacific States, etc. Total United States 3, 663, 019 1,978,909 1, 16, 375, 887 129, 745,578 6,530, 424 11,094 5, 653, 293 152, 526, 000 16, 329, 044 1,040,697,731 •Unofficial, t Semiofficial (all others official). I Includes all banks in the State other than national. REPORT OF THE COMPTROLLER OF THE CURRENCY. 231 IN THE UNITED STATES, 1891-'92—Continued. LIABILITIES. Capital stock. Surplus. Other undivided profits. State-bank Dividends unpaid. notes. Deposits. D u e to banks. Other liabilities. 1 $916, 675 2, 340, 000 $536, 521 $166, 404 147, 768 3, 256, 675 536, 521 314,172 $974 974 8,060 $5, 614 3, 407 $86!!, 887 4, 082, 611 $104, 079 591, 747 9,021 4, 946, 498 695, 826 32, 303,700 15, 343, 921 10, 648,402 770, 500 244,125 1, 735, 850 8,456, 860 3,662, 214 1,164, 344 41, 664 346. 050 680, 000 416, 000 158, 212 1, 612, 200 71, 065 197, 876, 506 27,135, 043 250, 483 13, 701 6, 331, 477 381, 499 39, 302,116 63, 012 1,121, 336 3, 638 40,648 3, 647,825 21, 057 44, 788, 610 20, 538,685 79,125 38, 396 6,138,147 1, 343, 537 2,122, 500 1, 533, 027 5,961, 595 238, 550 748, 050 3,115, 836 2, 820,121 450, 000 1,223, 894 19, 220, 852 4, 017, 967 1, 593, 697 362,618 325,714 134, 821 1, 283, 337 14, 330 36, 018 353,760 396, 267 129,855 90, 416 5, 560, 878 610, 254 48, 934, 076 10,891,965 12, 256, 747 4,725 11, 719 3, 499 12, 588 78, 456 132 793. 929 117, 336 191,683 223. 697 672. 781 20^ 551 76, 313 380, 840 688,110 46, 732 110, 268 1,192, 647 361, 705 4,876,592 \ 8, 235, 860 1, 006, 055 521, 939 1, 802,972 393, 357 2,145, 407 569, 284 303,176 589 325 246,183 643, 648 894, 893 711, 333 814, 970 1, 620, 893 861, 282 526, 948 81,260, 453 16, 526, 786 5, 360, 739 116, 780 1,185,775 45,776,743 17,548, 632 53, 901 1,342, 000 23,670 281,064 229, 620 879,814 108, 679 1, 890,141 29, 940 607, 000 1,000 145,000 71, 500 1,369, 720 46,904 2,002,100 608 32,000 101, 416 55,511, 357 18, 231, 234 824, 739 8,565 48, 373 1,164 48, 345 398, 735 24, 902 56,910 584, 293 87, 45<*. 651 3, 096, 537 223 223 36,122 3, 807, 035 126, 799 292, 473 2, 643 8,000 ] c 4 4,236,950 1 588, 080 3,216 405, 565 521, 408 560,187 13,122 43. 289 c 461, 495 ! 34, 968 1,787 1C 61,140 11 377, 074 VA 103, 469 12 I * ( r 3,264, 800 3,185, 642 434, 774 87, 773 1, 951, 509 116, 888 50, 259 1,300 6,804 1, 864, 814 185,860 764, 893 1, 410, 955 j 369,259 77, 582 a 92, 629 -A r, 67,149 477, 387 c 2, 456, 437 r 823,375 758, 510 s 2, 642, 805 97,409 240,117, 789 8, 592,153 9,176, 088 7,483 4,794 1, 527 10, 802 11, 000 11,495 208, 343 104J 671 12, 483 87, 253 146, 705 3,723 1,671 1,200 2,000 420 27, 786 137,232 15, 406 18,280 170,416 1,199, 021 247, 529 3 67. 234,147 24; 518, 054 7, 654, 964 21,155, 695 5, 609, 274 41, 659, 713 16, 361, 012 27, 977,874 12, 823, 209 15,123, 847 li 380 63, 202 36, 943 233, 751,171 66, 725,191 23, 632, 989 511, 575 114,886 302,933 82, 224 418, 856 9,184 6,227 13, 918,941 4, 228, 791 3, 792, 462 1, 832,983 8, 380, 370 599, 513 705, 691 5,190,963 8, 515,934 662, 940 2, 233,188 31,283,511 6,105, 364 1 18. 265, 545 6,492, 605 3, 586, 700 6, 565, 500 2, 016, 000 6, 286, 900 7,430, 200 8, 631,000 7, 953,353 14,032,650 248, 279, 260 27, 870, 685 J530,122 1, 899, 225 53,247, 263 2, 204, 217 298, 654 2,110, 310 2, 823, 429 1, 433, 890 372, 752 1, 384, 047 1, 867, 365 78,459 8, 055,270 12, 895 13,447 25, 717 17, 308 4,951 10,993 57,160 143, 730 67,719, 611 8, 341,471 73, 694 1, 062, 300 1 £ 15, 000 313, 744 198,886 45, 751 59,859 100,568 1,869, 802 756, 905 648, 513, 809 48, 596, 672 18,583,762 A F { i 1(c 11 232 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OF REPORTS OF CONDITION OF LOAN AND RESOURCES. Loans on colDate of re- No. of banks. Loans on lateral se- Other loans port. other and disreal estate. curity than real counts. estate. States. 1 Maine 2 New Hampshire (no report) 3 Massachusetts 4 Rhode Island 5 Connecticut Aug. 31-Nov. 30,1891. 12 Oct. 31,1891 Nov 17 1891 Oct. 1,1891 18 Total Eastern States 1 2 New York New Jersey ;j Pennsylvania* 4 Delaware* 5 Maryland* 6 District of Columbia do July 12,1892 Total Middle States 1 2 3 4 5 Missouri * Illinois Iowa * Minnesota Michigan Total Western States Total United States 20,341, 661 4 629,804 2,981, 210 27, 704,961 29,540,734 32 13,373, 463 173, 5o2, 829 3,110,028 15 33 8,461,417 40,463,832 379, 802 1 297, 880 6,134, 756 2 43, 825 1,983,294 3 3,110,729 17,210,145 1,272, 800 4, 337, 202 250,468 25, 287, 314 225, 624, 541 23,080, 291 88 June 30,1892 July 28,1892 June 30,1892 Julv 12 1892 Sept. 30,1892 12, 084, 270 $26,070,011 1 634 950 2 294 610 10 47 Jan. 1,1892 Dec. 31,1891 June 30,1892 do $1,588,059 $870, 608 15,249,488 9,676 5 8 8 9 3 3, 246, 991 2,211,132 9,914, 502 1,400, 527 873,260 362,793 17,076,155 297,850 3,197, 956 205, 053 33 14, 562,020 3,084,392 21,139,807 55,098, 822 256,413, 894 73,760,832 168 RESOURCES. States. 1 Maine 2 New Hampshire (no report) 3 Massachusetts 4 Rhode Island 5 Connecticut Total Eastern States New York New Jersey 3 Pennsylvania * 4 Delaware * 5 Maryland * 6 District of Columbia 1 Total Middle States 1 o J 5 Missouri * Illinois Iowa * Minnesota Michigan Total Western States Total United States Cash and cash items. $113,128 Other resources. $237,387 Total. $4,279,477 81,862, 706 15,416,859 5,838, 267 4,129, 419 850,123 183,126 237,387 107, 397, 309 4, 604, 330 369, 639 938,074 300,7657575" 8, 933,149 103, 821, 308 1, 600,660 10, 022, 324 8, 321,477 12, 632, 756 5,912, 043 433, 464,493 37, 348 4,083,913 60,149 481,184 28. 899 932,571 45,599 435, 616 199, 238 4,726 8,171,283 28, 540, 659 13, 660,169 7,456, 744 1, 554, 251 4, 691, 493 1,617,750 59, 383,106 22,600,045 7, 767,180 600, 244,908 5, 275, 796 '303^ 485 4, 784, 619 8.564 102, 305 159,812 * Unofficial (all others official). REPORT OF THE COMPTROLLER OF THE CURRENCY. 283 TRUST COMPANIES IN THE UNITED STATES, 189i-?02. United States bonds. Overdrafts. State, county, Railroad munici- bonds and stocks. pal, etc., bonds. $182, 973 $335, 416 Bank stocks. $60, 014 490, 572 88, 280 865, 288 1,023, 173 1,449, )50 1, 639,023 3,338,083 1 0 , 4 6 5 , 2 0 1 638,866 11, 308 1, rr.3.802 15, 049, 721 603 15,163 $498,991 7. fi'2,843 \ 942 ! 2.50" $1, 139, 023 500, 000 $6, 798 6,798 D u e from Eeal es- Current All other other b a n k s tate, fur- expenses bonds a n d and bank- niture, and and taxes stocks. paid. ers. fixtures. 376, 556 i6, 734, 876 76 000 172,284 2,192,471 100, 250 203, 200 1, 165, 034 448 16, 214 16,417, 955 2, 745, 277 16, 907,1G0 10,182 92,502 30 303 2,600 132,987 2, 600 $124,134 $258, 867 $9,900 1 2 3 4 5 5, 727,435 25,786 8fi7, 308 1,195,102 678, 963 306,840 216,774 8,926 13, 935 3,837, )02 6, 90JJ, 396 2,305, 039 249, 535 36, 082, 518 2, 595, iU 51,175 5, 353, 560 30, >,74 653, 220,487 26, 753, 732 708, 992 12, 978, 938 292, 850 386,969 874,702 6, 864, 866 571, 788 7,940,353 73, 705 484,976 1, 653,086 220, 509 18, 833 23, 724 5,793 51,175 44, 935, 951 41,996,183 17,588,774 268, 859 301, 380 2, 850 427, 803 19 571 242. 489 320, 951 245, 339 425 380 378 564 204 9,579 14, 740 41,732 48, 704 15,120 2, 723, 951 129,875 54,975,325 22, 617,764 648,269 490, 500 63,840 2, 370, 673 151, 359 351, i71 806,; 1:49 389,389 4, 826, 097 627,460 918, 303 3, 743, S92 6, 069, 746 155,999 18, 059,578 6,404, 311 27,617,700 1,608,344* 52, 516, 845 226,800 175, 28, 475, 1, 777, 267, 1 9 3 4 5 6 1 2 3 4 5 LIABILITIES. Capital stock. Surplus. Other undivided profits. $1,008,900 $72,300 $121, 72S 8,275, 000 2,353,820 1, 111, 600 3, 730, 288 52, 300 275, ?52 2, 232, 269 581, 254 245, 297 12, 749, 320 4,130, 340 3,180, 549 Debenture Dividends unpaid. bonds. $181,700 181,700 Deposits. Due to banks. $2, 381 $2,516,143 "'Hi' 3,386 61, 553, 543 12, 429, 071 3, 934,765 267,467 6,481 80,433, 522 273, 656 234,466, 697 6, 507, 679 60, 686, 280 795, 870 $6,189 Other liabilities. $370,135 6, 071, 606 6, 441, 741 25, 650, 000 1,470, 000 21,343,678 500, 000 1, 500, 000 3, 250, 000 31, 380, 125, 7, 524, 70, 619, 200, 877 900 526 000 206 000 3, 938, 921 316, 740 6, 479,196 29, 740 270, 701 95, 532 361,200 4,153, 663 11,082 5, 329, 080 437, 970 7, 483, 790 205, 050 7, 632,417 250,000 53, 713, 678 39, 920, t 509 11,130, 830 361, 200 72, 762* 306, 610,189 317, 018 21,338, 307 3,050, 000 4, 710, 000 2,122, 038 3,570, 936 730, 000 70, (300 1, 253, \200 303,. 567 122 iL31 25, ()00 6,5,503 79^I, 030 29*3,986 41*«. 643 5(5,860 1,958, 055 814, 691 130,138 1, 015, 078 1,148,964 36, 649 14,182, 974 1, 773, 898 80, 645, 972 45, 824, 747 72, 762 74, 860 231,076 8, 864, 325 21,336 2,166 5,734 2,177, 830 18, 551, 857 1, 001,399 2,196, 070 689,129 13,868 3,101, 268 49, 042 1, 632,022 10, 822, 380 29, 236 24, 616,285 3,180,791 3,145, 520 15, 943,401 11, 365, 280 108, 479 411, 659,996 3, 771,465 30,925,568 16, 613 1 o 3 4 5 1 2 3 4 5 6 1 2 3 4 5 ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS, 1872-'73 TO 1891-'92. Resources: Loans and discounts Overdrafts United States bonds Other stocks, etc Due from banks Heal estate, etc Other resources Expenses Cash items Specie Legal tenders, e t c . . . Total Liabilities: Capital stock Circulation Surplus Undivided profits... Dividends unpaid-.. Deposits Due to banks Other liabilities Total 1872-73.* 1873-74. 1874-'75. 1875-'76. 1876-77. 1877-'78. 1878-79. 1879-'8O. 1880-'81. 1881-'82. —banks. —banks. 551 banks. 633 banks. 592 banks. 475 banks. 616 banks. 620 banks. 652 banks. 672 banks. $119,332,341 $154,377,672 $176, 308,949 $178,983,496 $266, 585,314 $169, 391,427 $191,444,093 $206, 821,194 $250, 819, 420 $272, 520, 217 447,302 348, 604 516, 565 319, 959 377,297 528, 543 1, 335, 310 1,196, 369 237,104 212, 772 869,144 929, 260 344, 984 2,150, 880 7, 739,203 12,048,452 1, 544, 296 1,961,447 7,142, 532 8, 739,172 23, 209, 670* 19, 398, 287 21, 916, 024 17,117,117 23, 667, 950 19, 364,450 24, 904, 903 9, 617, 667 16,437, 815 19, 780, 527 23, 096, 812 25, 201, 782 25,107,149 22,169,065 19, 851,146 46, 657, 328 19,050,046 36,180, 435 12,605,100 49, 919,183 8, 561, 224 12, 609,160 14,264, 835 . 14, 227, 927 13, 914, 238 9, 005,657 11,092,118 5,372,186 3,269, 233 13, 037, 939 6, 863,083 9, 221, 760 6, 442, 710 10, 694, 390 1,164,999 4,909,190 944, 079 5, 801, 796 10,542, 266 12, 306. 578 1, 559, 404 801,005 914, 726 965, 327 1, 284, 344 1,353,066 1, 211, 416 886, 348 878,696 999J 944 16, 900, 325 8, 624,086 9, 059,547 9, 816, 456 7,320, 845 8, 767, 391 11,176, 374 10,434, 018 18, 977, 324 18, 546, 073 1, 926,100 1,156,456 2, 319, 659 3,041, 676 1, 979, 701 1, 980,083 3, 020,139 6, 201, 617 17,071,445 17, 201,489 34,415, 712 25,126, 706 26, 740, 215 27,623,988 28,480, 374 37, 088, 961 48, 828, 255 23, 797,046 8,447, 776 24, 586, 682 272,338, 996 278, 255, 852 383, 257, 704 237,402,088 42,705, 834 174, 714 2,109, 732 10,027, 668 33,492 110, 754, 034 8, 838, 355 4, 237, 578 59, 305, 532 69,084,980 177, 653 153,432 6,797,167 2,942, 707 9,002,133 12,363, 205 83, 722 337, 290 137, 594, 961 165,871,439 14, 241, 604 10, 530, 844 10, 463, 357 10, 791,058 80,425, 634 110,949, 515 388, 397 387, 661 7,027, 817 5,665, 854 10,457, 346 18, 283, 567 393,419 335, 904 157, 928, 658 226, 654, 538 13, 307, 398 9,412, 876 8,327,183 11, 567, 789 104,124,871 90, 816, 389, 542 283, 7,983, 996 16,667, 574 18, 816, 11, 693, 064 5, 666, 221 6, 721, 324,176 501, 831 474, 142,764,491 166, 958, 229 208, 751, 10, 348, 911 13, 093,069 18,462, 9, 215, 603 8,438, 003 10, 577, 178,881,407 237, 402, 088 278, 255,852 277, 911, 831 272,338,996 383, 257,704 277, 911, 831 315,839, 340 178, 881,407 95,193, 292 315, 839, 340 354, 904,486 418, 956,060 438, 834,173 92, 922, 525 274, 941 20,970,167 7, 943, 466 567; 171 261, 362, 303 18. 870, 466 16, 039, 021 91, 808, 213 286, 391 23,148, 050 8, 902, 579 481, 858 281, 835, 496 18, 262,172 14,109,414 354,904,486 | 418,956,060 O o Q O O F 438,834,173 * In compliance with House resolution, making it one of the duties of the Comptroller of the Currency, the Annual Eeport for 1873 contained the first report of State and savings banks made to this office, and was the first call of that character ever made upon State by Federal officer. d i ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS, 1872-'73 TO 189I-'92—Continued. 1882~'83. 754 b a n k s . Resources: Loans on real estate Loans on collateral security other than real estate Loans and discounts Overdrafts United States bonds State, county, and municipal bonds Railroad bonds and stocks... Bank stocks Other stocks, bonds, etc Due from banks Jteal estate, furniture, etc... Other resources. . Expenses Cash items Specie Legal tenders, etc Total. Liabilities: Capital stock. Circulation... Surplus . Undivided profits .. Dividends unpaid .. Individual deposits. Due to banks Other liabilities Total . 122, 358, 227 1,392,961 5, 287, 606 1883-'84. 817 b a n k s . $331,049, 510 1, 262, 725 2, 337, 705 1884-'85. 1885-86. 975 b a n k s . 849 b a n k s . $347, 880, 520 1, 349, 998 2,994,806 1888-'89. $34, 266, 559 $37, 247, 244 $45, 025, 578 77, 806, 469, 397, ,063, , 313, 917 745 263 757 78, 509, 230 507,461.243 4, 044, 702 1,100, 307 42,003,635 611, 750, 855 4,815,047 912,123 2,447, 030 675, 444 482, 987 35, 030, 006 86, 010, 062 27,189, 697 7,760. 635 . 2, 602, 607 2,156, 065 595, 572 426, 850 37, 529,420 82, 531, 530 28,791. 441 15. 281, 566 2, 865; 083 120,765,422 107,453, 889 -110, 845, 718 10.5, 314,947 133,210,164 528, 695, 920 684,781, 845 671, 707, 317 796,035,613 125, 258,240 98,129 30, 669, 575 11, 574,736 493,926 344, 307, 996 29, 950, 453 11, 209, 706 109, 611, 596 103,430 27, 813, 508 10, 095, 760 430, 699 342, 882, 767 27, 800, 280 9, 957, 880 141, 000, 377 228, 956 38, 519, 720 14, 452, 490 749, 749 446, 560, 022 32, 445, 414 10, 825,117 154, 931, 148, 41, 374, 15, 510, 1, 045, 410, 047, 34, 538, 14,109, 166, 651, 582 120,161 48, 030, 464 16, 810, 573 762,838 507, 084, 481 43,167, 031 13, 408, 483 553, 562, 761 528, 695,920 684,781,845 I 671, 707, 317 j 796,035,613 521,077,766 553,562, 761 102, 454, 861 187, 978 25, 762, 738 11, 287, 623 442, 652 334, 995, 702 20, 651, 930 16, 353, 542 110, 020, 351 177, 554 31, 483, 942 12, 718, 894 473,735 325, 305, 669 27,125,108 13, 712, 513 512,137,026 | 521,077,766 1891-'92, 3,191 b a n k s . 97, 583,192 376, 623, 827 3,071, 724 3, 051, 722 34, 787, 037 58, 778, 206 20, 246, 654 14, 710, 237 1, 768,158 512,137,026 1890-"91. 2,572 b a n k s . $31,128, 369 30, 544, 699 64, 774, 881 20, 475,102 15, 237, 643 2,123, 672 27,194, 693 49, 747, 429 14, 605, 853 8, 224, 886 1, 047, 782 51,668,218 24,734, 684 14, 726, 940 1889-'9O. 2,101 b a n k s . 983,802 320, 422 310, 668 33, 709, 278 79, 819,380 25, 255,437 8,940, 828 2, 026, 800 32, 644, 859 59, 062,405 15, 873, 312 5, 791. I l l 1,130,883 25. 972, 922 29, 867,724 30,994, 221 31,452, 48, 836, 15, 058, 7, 671. 1, 025, 28,219, 25, 376, 28, 787, 1887- 88. 1,413 b a n k s . 1,403 b a n k s . 1,671 b a n k s . $331,183,626 $435,854, 364 $432, 002,663 2, 001, 781 2. 395, 610 1,169, 388 2, 097, 634 2, 530,156 4, 392,421 019 689 411 876 237 414 565 615 22, 083, 304 58, 709, 516 13,592,791 9, 943, 706 918, 403 35. 118, 379 17* 429, 817 25, 302, 316 1886-!87. 870,812,131 2, 313, 459, 901, 45, 595, 104,629, 32, 037, 16. 329. 3, 278, 366 612 895 383 312 310 044 995 208, 564, 841 110, 534 60, 006, 623 21,109, 910 709,830 556, 637, 012 38. 826. 003 20. 029, 389 870,812,131 | 905,994,142 W 129, 745, 578 905, 994,142 1, 040, 697, 731 188, 737, 307 120,148 51,937, 077 21, 823,544 781,819 553, 054. 584 37, 016, 371 17,341,281 O f 1, 040, 697, 731 2 o Hi to 236 REPORT OF THE COMPTROLLER OF THE CURRENCY. AUSTKACT OF REPORTS OF CONDITION OF THE MUTUAL AND STOCK RESOURCES. Date of report. State, etc. No. of banks. Loans on Other loans OverLoans on collateral and ! security real estate. other than discounts. drafts. real estate. MUTUAL SAVINGS BANKS. Maine -New Hampshire Vermont Massachusetts Rhode Island Connecticut , Oct. 31,1891 Total Eastern States. New York New Jersey... Pennsylvania* J u n e 30,1892 ..do. Oct. 31,1891 Nov. 17,1891 Oct. 1,1891 53 $6,964, 744 71 30,566,428 21 10, 877,871 180 153,727,164 38 26, 828, 042 87 49,440,464 $6,055,317 $1, 869,140 6, 652,942 7,153, 803 473,195 1, 480, 814 5, 879,110 101, 660, 614 3, 741, 400 7, 373,177 9, 508, 866 3, 623, 830 278,404,713 32, 310, 830 123,161, 378 Jan. 1,1892 ....do Nov. a n d Dec, 1891, and June 30,1892. June 30,1892 ....do 122 274, 219, 704 24 14, 326,412 12 16,036,614 7,470, 329 1,743, 338 6,454, 590 3, 013,129 5,465,869 2, 223, 647 318, 972 128, 227 Total Middle States .. 12 Total Southern States, June 30,1892 West Virginia.! 181 313, 061, 728 17,891, 904 447,199 Delaware t. Maryland!- Ohio! Indiana Wisconsin. -.-.do Oct. 31,1891 July 4,1892 Total Western States.. Total mutual savings banks. 23,186 179, 614 8,294,909 i 2,541,464 2,793,756 \ 11,088,665 643 602,734,720 2,541,464 258, 208 112,059 | 370, 267 52, 744,198 124,002,030 STOCK SAVINGS BANKS. 16 Total Eastern States, Ver- June 30,1892 mont. Pennsylvania! Maryland! District of Columbia t Total Middle States . West Virginia ! North Carolina South Carolina ! Georgia ! Florida! Alabama t Louisiana Texas! Arkansas t Tennessee ! Total Southern States. Ohio! Illinois Michigan . Iowa Minnesota Total Western States. Colorado California New Mexico* . Utah Washington!. Total Pacific States, etc Total stock savings banks. Total all savings banks ....do .do . ....do 403,526 793, 406 335. 531 42, 042 1,830,232 8,500 19, 045 548, 853 807,680 1, 857, 777 1, 356, 533 145,995 244, 386 135, 809 2, 013,113 180, 441 30, 011 625, 542 11, 732 1, 095, 226 273 550, 347 54,659 52, 826 417,332 1, 206, 579 *"i*286' 80 6,408 1,170,979 June 30,1892 July 12,1892 June 30,1892 ....do .do. .do - 25, 755 118, 865 464, 621 728,535 41, 258 247,992 75,391 22,420 178, 516 .do. .do. ..do. J u n e 30,1892 J u l y 28,1892 Sept. 30,1892 J u n e 30,1892 J u l y 12,1892 July July June July June June * Semiofficial. 1,423,638 3,172,297 *964,"449" 11 654 315 51 1,903, 353 3, 615, 464 4,490, 813 21, 234 12 22 95 104 13 3,349, 022 4, 209,121 1,108,859 32,154, 919 31,828,523 26, 072, 069 4,314 38,106 146, 688 3, 507,316 3,454, 692 246 6,856, 338 7,663,813 —, 1892 1,1892 30, and 5,1892. 10,1892 30,1892 98, 505, 071 12, 257, 726 73,258 78,252 416,560 89 552,418 98, 994, 889 12, 888, 396 41G 112,097, 856 26,428,976 1,059 714,832, 576 79, 173,174 t Unofficial (all others official). 1,784 91,164, 370 190, 892 2,546,884 488,711 77,664 11,305 3,192,473 968,609 78,463 26, 869 7, 274, 341 116,637 105,709, 695 328,763 229,711,725 REPORT OF THE COMPTROLLER OF THE CURRENCY. 237 SAVINGS BANKS IN THE UNITED STATES, 1891-792. RESOURCES. State, All other D u e from other bonds and b a n k s and stocks. bankers. Real estate, furniture, and fixtures. Current expenses and t a x e s paid. United States bonds. county, municipal, etc., bonds. $605,800 275,850 110,750 1,197, 250 2, 326,100 857, 275 $15, 914, 561 $13,323,423 9, 802, 032 9, 656, 644 4, 941, 095 45,413, 068 37, 646, 684 8, 341, 823 10, 320, 984 28, 518, 605 24, 818, 698 $2, 852, 212 |$3, 886,189 $1, 068, 434 2, 682, 760 8, 346, 403 1,133, 812 236, 760 235 9'>9 ""$593," 014* 28, 335,143 11,149, 921 4,169, 247 2, 567, 543 2, 056, 239 4, 825,187 6, 374, 643 3, 462, 680 5, 373, 025 112, 785, 796 95,911, 821 43, 049, 061 17, 057,779 11,742,935 12,126, 341 107, 313, 860 6, 080, 993 4, 666, 543 226,793, 301 7, 491,105 17, 941, 590 3, 958, 245 18,737, 231 49,824 93, 358 1,368, 821 35,446, 035 1,143, 027 3, 557,497 9, 623,173 1, 203, 854 1, 010, 229 $166, 322 7 8 9 7, 000, 000 81, 000 14, 587, 390 170,715 10, 529, 945 54,412 226,304 82, 839 553,707 385, 760 286, 025 589,403 1,880 154, 879 10 11 266,894,386 , 33,396,136 330, 540 2,098, 725 40,532, 319 12,712, 684 323, 081 15, 500 16, 048 1,252 12 1, 564,194 917, 946 190, 808 3,240 5,106 13 13, 312 14 616 15 125, 061, 396 2,053, 566 125,120 2,178, 686 132, 613,107 10, 026, 832 208 532 10, 235, 364 Railroad bonds and stocks. Bank stocks. 772,100 9,570 92, 000 7, 050 5,000 1 4 r>6 772,100 9,570 99, 050 1,569,194 1, 111, 994 19,034 389, 915, 546 130, 080, 057 43, 389,171 19, 271, 054 53,860,496 25, 952, 271 342,115 489,101 92, 870 16 1,350 1,746, 699 13,500 115, 000 15, 715 3,000 76, 728 133, 600 18,230 269,382 220, 944 2,000 429, 204 95,493 14, 585 505, 089 52,447 630 21,282 4,207 6,838 144, 215 79, 728 133, 600 18,230 492, 326 539,282 558,166 32, 327 39, 500 1,900 21,954 50, 000 35,000 45, 937 537, 053 33,250 476, 860 10, 634 1,019 20 1,233 32,838 16, 335 23 2,708 12, 592 25 29,206 27,030 205,691 33, 400 6,715 167,146 83,909 1,636 98,782 750 39, 921 6,812 154,331 886,184 593,402 2, 737,855 7,569, 590 10,026, 783 145, 600 214,599 1, 386, 549 160, 230 37 993 739, 111 17, 926 9, 000 22, 504 135, 415 1,000 398,440 122, 268 35, 655 45, 940 245, 727 30,000 2,800 39,315 8, 450 80,115 415, 890 50,000 939,082 554,810 92,649 1,378, 839 - 201, 050 334, 477 373,525 447, 362 415,168 5, 582,261 23, 904, 056 288,421 1, 692, 440 290,740 535, 527 373, 525 447, 362 30,189,906 22, 026, 668 2, 037,488 263,006' 27, 221 3,348,093 20,969 19,568,228 43,351 3, 217, 541 2,116 7,500 30,000 166, 385 254,847 256, 667 376,362 112,125 28,459 19, 764, 613 3, 774, 522 3, 863,801 80,428 299, 568 51, 825, 684 27, 715, 757 7,145, 727 489, 944 43,688,739J 71, 096, 738 81, 576, 253 33, 097, 998 20,959 135, 660 135, 660 731, 092 133,344,199 3, 274, 694 1,135, 772 393,190, 240 131, 215, 829 17 18 19 5 371 I 27 4,174 28 37,913 29 114,183 21, 652 30 19,935 31 193,018 32 33 28,v401 34 35 36 37 18, 602 38 40,857 39 832,059 238 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OF REPORTS OP CONDITION OF THE MUTUAL AND STOCK EESOUECES. State, etc. Cash and cash items. Other re- LIABILITIES. Total. Capital stock. Surplus. MUTUAL SAVINGS BANKS. New Hampshire. Vermont Massachusetts,.. Rhode Island . Connecticut Total Eastern States New York New Jersey... Pennsylvania* Delaware! Maryland t - - Total Middle States 12 Total Southern Virginia, t States, West $884,892 1,918,752 170, 624 819, 982 1,463, 778 | 3,157,874 $126,159 467; 299 63,122 567, 784 421,605 478,090 $53,550,871 78,656, 725 19,183,174 390, 565, 967 70,265,878 130, 241, 025 $2,092.200 5, 073, 267 633, 371 13, 273, 683 8,415, 902 2,124, 059 742,463, 640 25,516,966 7, 622, 575 802, 515 1, 885, 854 34, 091 530,254 7,498, 657 532, 898 40,451 57, 035 208, 494 675,987, 634 36, 875, 745 71,915, 566 4,100, 098 42, 583,879 87, 317,105 10,375,289 8, 337, 535 831,462, 922 94,889, 844 236, 760 3,000 20, 409 26, 942,130 4,166,953 143, 274 1, 738, 748 308,709 20, 409 31,252, 357 2,047,457 •10,482, 003 1, 605, 415, 679 122,457, 267 1,160 745, 604 475, 647 15, 309 Ohio! Indiana Wisconsin Total Western States Total m u t u a l banks. savings 1, 236, 560 20, 028, 911 4,444,445 6,117, 789 455, 984 998, 966 STOCK SAVINGS BANKS. 93,471 87,358 7, 670, 540 $725, 000 Maryland t District of Columbia! Total Middle States 113,340 87, 560 1,478 23,198 1,496 4, 550, 486 1, 957, 416 102, 333 1, 069, 706 410, 542 34,525 62, 583 98,906 202, 378 24, 694 6, 610, 235 1,514, 773 161, 489 West Virginia ! . North Carolinat. South Carolina! Georgia! Florida! Alabama t Lonisiana Texas! Arkansas! Tennessee! 49, 442 5,862 312, 311 102,673 23, 596 180, 262 165,425 48, 789 23, 785 405, 986 23 8,622 100, 000 40, 000 718, 360 568,709 20,000 275, 000 100, 000 139, 350 35, 038 678,450 23, 243 6.933 291, 613 59,900 ""i26" 599, 099 352, 425 6,173,180 1, 674, 941 143,990 997, 354 1, 920, 535 751,584 194, 609 3,165,148 I 1,318,131 14, 721 15,972, 865 2,674,907 632,675 199, 323 3,512, 905 3,588, 913 13, 226, 351 49,436, 999 71,208, 798 32, 763,756 9,409, 239 1, 896, 575 6,122, 000 8,198,410 5, 304, 000 225,000 978, 674 1,877,500 1, 633, 772 126, 009 13, 500 10, 207 134,268 6, 691. 687 19,436 7,427,150 6,869.098 176, 045,143 21,745, 985 4, 669, 946 141, 836 3,366, 981 44, 283 279,970 305,160 850, 694 299,723 3, 642, 260 141,052,074 296, 532 4,295, 781 3,043, 752 600,000 8,197,763 80, 000 1,009, 047 860,000 66, 207 4,544,686 9,300 313,993 25,161 Total Eastern States, Vermont . . Pennsylvania t Total Southern States Ohio! Illlinois . . . Michigan.. Iowa Minnesota. Total Western States Colorado California New Mexico * . Utah Washington t. 5,950 '65, 064 54, 942 17, 016 £66,759 133,211 180, 000 4,138, 230 1, 270, 423 152, 330, 399 10, 746, 810 4, 959, 347 Total stock savings banks . . 13,179, 360 8, 266, 294 358, 629,182 37,407, 475 10, 423,457 Total Pacific States, etc Total all savings banks • Semiofficial. J 33,208, 271 18, 748, 297 jl, 964,044, 861 37,407, 475 132,880,724 t Unofficial (all others official). REPORT OF THE COMPTROLLER OF THE CURRENCY. 239 SAVINGS BANKS IN THE UNITED STATES, 1891-792—Continued. LIABILITIES. Other un- D i v i d e n d s divided unpaid. profits. Deposits (not savings). $1, 038, 293 Savings deposits. " $50, 278, 452 72, 439, 660 18. 065, 290 369 526 386 66. 276,157 122 582,160 1,089, 236 457, 291 7 639 925 3, 946, 300 3,104, 054 699,168,105 17, 275, 099 ___ 1 2,977,240 1,465, 320 17 795 459, 615 D u e to other banks. $21,692 21, 692 588 425,421 33, 807, 634 64, 266, 435 3,626,319 41,103, 399 4,919,970 731,229,208 3,835 229,925 502.389 98, 501 4,348 24, 700, 993 3, 754, 622 138, 926 605, 238 28, 594, 541 22, 804,142 1, 459, 221, 779 Other liabilities. Ho. of depositors. $141, 926 54, 562 27, 222 125, 973 21, 729 110, 366 146,668 169, 949 59, 528 1,131, 203 136, 648 317,925 481, 778 1, 961, 921 356.87 245,108 90, 871 66, 022 21 fiQP 1,516,289 131, 739 242, 908 17,318 139,038 388. 07 256. 62 264. 57 209.39 295. 63 423, 900 2, 047, 292 352. 28 6,241 36.84 lr 59, 565 15, 418 948 414.69 243. 52 146. 59 14 15 I 5,'rn 21, 692 Average $342.80 426. 24 303.47 326.67 485.01 385. 57 5,121 75, 931 376. 58 910, 799 4,091, 385 356.65 f r £ 1C 11 is 6 609 452 161,898 21,212 311. 59 1C 168,493 36, 942 6,723 $876 17, 052 $2,122, 690 513, 697 967, 558 874, 469 60,178 158, 580 5, 808 907 5,563 3,097 1,303 173.93 282. 36 46.18 17 18 19 212,158 17, 928 2,636,387 1,902,205 165, 295 9,963 190.93 5,941 4,790 252,580 74, 392 7,321 36,182 124,803 103,309 7,213 127, 508 70 883 4,123 4,321 223, 402 13, 566 559, 666 339, 069 84, 702 387,180 527 3, 828 93,635 33, 931 55 30, 649 109, 419 98, 647 917,240 243, 923 282, 425 4, 225, 459 572, 523 31,912 220, 046 1, 695, 732 279, 783 51, 854 1,292,913 8, 372 1,857 7,454 2,187 6, 247 21,397 4,569 170 1,698 5,557 1,950 258 t l 6 , 392 111. 53 45.21 197.48 125.30 187. 73 129.59 305.15 143.48 200.10 78.87 744,039 9,397 2, 732,891 8,896, 570 110,450 171,936 60,425 1,640 6,246 683, 547 17, 796, 088 20,705,149 9,194, 085 21,106, 369 36, 959, 573 26.115, 384 8, 786, 879 51, 093 1, 509, 320 1, 816.579 8,777 25,300 104, 363 1, 344, 372 152,392 25, 214 +73, 872 180,391 +71, 687 35,123 364. 64 285. 72 204.88 364.29 250.17 3, 262, 056 7,886 39,184, 784 102,162,290 3,376,992 1, 635, 204 386, 287 264.47 77, 093 3,426 2,029 87, 631 85, 622 . 2,000 775 207, 890 798,640 2, 893, 276 127,312, 088 149, 449 2, 427, 950 1,193, 967 2,258 950, 248 53, 754 248, 495 43,068 +.21, 215 +167, 667 900 +13,596 +8, 955 136. 38 759. 32 166. 05 178. 58 133.33 252, 375 6,201 1, 006, 530 133, 976, 730 84, 583 1, 297, 823 212, 333 630.97 4, 644, 818 41, 412 45, 560, 592 253,547,247 • 3,572,025 3, 4 3 2 , 1 ^ (590, 220 307. 34 27,448, 960 41,412 45, 560, 392 1,712,769,026 4, 342, 955 4, 781, 605 358. 20 174,190 413, 600 998, 782 1,784,706 64, 968 1,993 27, 744 22, 096 31, 281 18, 964 47," 289* 37, 294 3,593,717 X Partially estimated. ' 20 21 22 23 24 2( 27 28 29 147.23 30 31 32 33 34 35 36 37 38 39 240 REPORT OF THE COMPTROLLER OF THE CURRENCY. AGGREGATE RESOURCES AND LIABILITIES OF SAVINGS BANKS FROM 1887-788 TO 1891->92. 1887-88. 1888-'89. 1889-'9O. 801 banks. 849 b a n k s . 921 b a n k s . Resources and liabilities. 1890-'91. 1891-'92. 1,011 b a n k s . 1,059 b a n k s . Eesources. $501, 067,089 $567, 373,144 $634, 229, 417 $687, 583, 977 Loans on real estate 165,177, 626 160,816,153 Loans on personal, etc., security... 70, 227, 806 93, 679,153 76,909, 500 74,551, 588 r82, 091,574 198,134, 045 Other loans and discounts 158, 201 813, 211 303, 316 286, 254 Overdrafts 183,527, 275 158, 923, 630 148, 532, 828 139, 267,045 United States bonds 287, 449,125 280,139, 464 303, 919, 560 320, 278, 708 State, county, and municipal !onds 89,715, 358 101,443, 381 110,405, 678 115, 991,821 Railroad bonds and stocks 41,196,166 42, 263, 654 43, 735,762 45, 038,830 Bank stocks 54, 661, 636 101, 819,419 111, 575,177 107, 963, 932 Other stocks, bonds, and mortgages 57,103,157 61, 534,576 65,126,477 70, 660,882 Due from other banks and bankers 28,989, 343 29, 652, 572 30, 211, 272 30,438,232 Real estate, furniture, and fixtures 475,407 593,924 753, 963 971,266 Current expenses and taxes paid... 21,565, 317 29, 928,532 30,147, 978 29, 720,473 Cash and cash items 11* 940, 849 12,758, 967 11,356,193 14,502,451 Other resources $714, 832, 576 79,173,174 229,711,725 328, 763 133, 344,199 393,190, 240 131, 215, 829 43, 688, 739 71, 096,738 81,576, 253 33, 097, 998 832, 059 33, 208, 271 18, 748, 297 1,519,936,049 1,622,612,215 1,742,617,001 1,854, 517,069 1,964,044, 861 Total. Liabilities. Capital stock Surplus fund Other undivided profits Dividends unpaid Individual deposits (sayings) Individual deposits (not savings) Due to other banks and bankers.. Other liabilities 16,350,321 23,311,848 26,401, 035 32,106,127 37, 407,475 109, 636, 940 127,225,533 133,762,883 130,042, 098 132, 880,724 23, 059, 342 19,845, 228 22,774, 766 25, 815, 395 27, 448, 960 37,488 44,696 123,298 19, 364 41, 412 1,364,196,550 1,425,230,349 1,524,844,506 1, 623, 079,749 1, 712, 769, 026 19,160, 976 25,179,450 31,746, 393 45, 560,592 1,054, 810 992, 323 1, 996,161 2,766,225 3, 593,717 5,600, 598 6, 801, 262 7, 534, 902 8,941, 718 4,342, 955 1,519,930,049 1,622,612,215 1,742,617,0011,854, 517,069 1, 964, 044, 861 Total. TABLE SHOWING BY STATES THE AGGREGATE DEPOSITS OF SAVINGS BANKS, WITH THE NUMBER OF THE DEPOSITORS AND THE AVERAGE AMOUNT DUE TO EACH, IN ? 1890- 91 AND 1891-'92. • 1890-'91. States. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut New York New Jersey Pennsylvania Delaware Maryland District of Columbia West Virginia North Carolina South Carolina Georgia Florida Alabama Louisiana Texas Arkansas . . Tennessee Ohio Indiana Illinois Michigan Wisconsin Iowa Minnesota Nebraska Colorado California New Mexico Utah t Washington Total N u m b e r of depositors. A m o u n t of deposits. 1891-'92. Average to each depositor. 140, 521 166, 264 72,702 1,083,817 131,652 305, 863 1,477, 819 125, 073 236,312 16,752 135, 004 10, 231 9,894 *5, 834 17, 494 2, 533 1,078 1,770 4,366 4,309 $47, 781,166 69, 531,024 21, 620, 303 353, 592,937 63, 719,491 116,406, 675 574, 669, 972 32,462, 603 62,150,893 3, 602, 469 38,916, 597 703,266 375,440 264, 348 3,286,155 477, 487 181, 630 65, 816 1,420, 798 384,183 $340.02 418.19 297.38 326. 24 483.99 380. 58 388. 86 259.55 263.00 215. 05 288. 26 68.73 37.94 45.31 187. 84 188.50 168.49 37.18 325.42 89.16 11,169 78, 885 14,884 *61,103 150, 326 726 *57,146 *30. 391 1,445, 834 31, 258, 086 3, 552, 099 16, 362, 302 29,887,761 94, 687 20,821, 495> 7,688, 677 3, 508, 751 129.44 396.24 238. 65 267.78 198.82 130.42 364. 35 352.99 130.45 *136,497 *1, 062 *7,994 6,850 114,164, 523 165, 420 1, 682, 040 834, 815 836. 39 155.76 210.41 121.87 4, 533,217 1, 623,079, 749 358. 04 N u m b e r of depositors. * Partially estimated. A m o u n t of deposits. Average to each depositor. 146, 668 169, 949 80, 740 l,13L,203 136, 648 317,925 1,516, 289 131,739 248, 471 17,318 142,135 1,303 8,428 6,247 21,397 4,569 170 1,698 5,557 1,950 258 *16, 392 84, 779 15, 418 *73, 872 180, 391 948 *71.C87 35! 123 $50,278,452 72,439, 660 24, 674, 742 369,526, 386 66, 276,157 122, 582,160 588,425,421 33,807,634 65, 233, 993 3, 626, 319 41,977,868 60,178 473,848 282, 425 4, 225,459 572,523 31,912 220,046 1, 695, 732 279,783 51,854 1, 292, 913 33, 895, 078 3,754, 622 21,106, 369 36, 959, 573 138, 926 20,115, 384 8, 786, 879 $342. 80 426. 24 305.60 326. 67 485. 01 385.57 388. 07 256. 62 262.54 209. 39 295. 34 46.18 56.22 45.21 197. 48 125.30 187. 73 129. 59 305.15 143. 48 200.10 78.87 399. 80 243. 52 285. 72 204. 88 146. 59 364. 29 250.17 *21, 215 167, 667 900 *13,596 *8, 955 2, 893, 276 127,312.088 149,449 2,427,950 1,193, 967 136. 38 759. 32 166.05 178.58 133.33 4,781,603 1,712,7(59,026 358. 20 A REPORT OF THE COMPTROLLER OF THE CURRENCY. 241 NUMBER OF SAVINGS BANKS, NUMBER OF DEPOSITORS AND AMOUNT OF DEPOSITS, IN THE UNITED STATES IN THE YEARS 1820, 1825, 1830,1835,1840, and 1845 to 1892. Year. 1820. 1825. 1830. 1835. 1840. 1845. 1846. 1847. 1848. 1849. 1850. 1851. 1852. 1853. 1854. 1855 . 1856 . 1857. 1858. 1859 . 1860. 1861. 1862 . 1863. 1864. 1865. 186618671868. 1869. 18701871. 1872 . 18731874. 1875 1876 . 1877 . 1878. 1879. 1880. 1881 . 1882. 1883. 1884. 1885. 1886. 1887 . 1888 . 1889. 1890. 1891. 1892. Number of banks. 10 15 36 52 61 70 74 76 83 90 108 128 141 159 190 215 222 231 245 259 278 285 289 293 305 317 336 371 406 476 517 577 647 669 693 771 781 675 663 639 629 629 629 630 636 646 638 684 801 849 921 1,011 1,059 9647 16 Deposits. 8,635 16, 931 38, 085 60, 058 78, 701 145,206 158, 709 187, 739 199, 764 217, 318 251,354 277,148 308, 863 365, 538 396,173 431, 602 487, 986 490. 428 538, 840 622, 556' 693, 870 694, 487 787, 943 887,096 976, 025 980,844 1, 067, 061 1,188, 202 1,310,144 1,466,684 1, 630, 846 1,902,047 1, 992, 925 2,185,832 2, 293,401 2, 359, 864 2, 368, 630 2| 395, 314 2. 400, 785 2,268, 707 2, 335, 582 2, 528. 749 2, 710, 354 2, 876,438 3,015,151 3,071,495 3,158, 950 3,418, 013 3, 838, 291 4, 021, 523 4, 258, 893 4,533, 217 4,781, 605 $1,138, 576 2, 537, 082 6, 973, 304 10, 613, 726 14, 051, 520 24,506, 677 27, 374, 325 31,627, 479 33, 087,488 36, 073, 924 43,431,130 50,457,913 59,467,453 72, 313, 696 77, 823,906 84, 290,076 95, 598, 230 98,512.968 108, 438, 287 128,657, 901 U9, 277, 504 146, 729, 882 169, 434, 540 206, 235, 202 236, 280,401 242, 619, 382 282, 455, 794 337, 009, 452 392,781, 813 457, 675, 050 549, 874, 358 650, 745, 442 735, 046, 805 802, 363, 609 864, 556, 902 924, 037, 304 94L 350, 255 866, 218, 306 879, 897, 425 802, 490, 298 819,106, 973 891, 961,142 966,797,081 1,024, 856, 787 1,073, 294, 955 1,095,172,147 1,141,530, 578 1, 235, 247, 371 1, 364,196, 550 1, 425, 230, 349 1, 524, 844,506 1, 623, 079, 749 1,712, 769, 026 242 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OF R E P O R T S O F CONDITION OF T H E EESOURCES. Date of report. States, etc. New York Pennsylvania Maryland | June 30,1892 do do Total Eastern States . *. June 30,1892 July 12,1892 ! June 30,1892 j do j do do Total Southern States. Missouri* Ohio Indiana Illinois Michigan Wisconsin* Iowa. Minnesota . Kansas* — ."May 16,1892 June 30,1892 do ....do do I July 4,1892 June 30,1892 ....do June 4,1892 Total Western States . Colorado California* North Dakota South Dakota Oregon Idaho Montana New Mexico Utah Washington Wyoming Oklahoma June 30,1892 July 3,1892 | June 30,1892 do | do I do I do do I....do | do . do . %. | ; do . $422 177 389^ 694 4,000 $130,547 911,659 500 $2, 494,319 7, 954,780 244,870 815, 871 1, 042, 706 10, 693, 969 65,011 303,906 35,866 31,315 1,365, 598 123,092 287, 698 462,409 456, 906 217, 626 285, 309 442,779 3, 438, 478 69 1,765,830 446, 656 5, 303, 507 95 102 48 149 48 109 185 34 163 859,123 1, 911, 744 418,791 3, 558, 577 455, 853 2, 514,517 372, 689 2,125, 527 747, 998 1, 395, 733 343,742 413,447 1, 356, 630 683, 620 933 9, 357,010 7, 800, 981 49, 807,122 125, 405 948,106 588, 355 16, 300 34, 225 2,900 28,803 500 68,107 16, 600 14, 500 429, 541 47,754 23,901 73,425 73,189 43, 829 5,593 500 26, 849 24,689 219, 643 822, 994 1,147, 955 61, 294 142,762 95, 347 28, 780 64, 852 1,500 309, 607 102, 260 394,038 75, 448 76 Virginia North Carolina* Georgia Florida Alabama Texas Total Pacific States, etc . Total United States Loans on No. of Other banks. Loans on collateral security loans and real estate. other than discounts. real estate. T 1,161 5, 049, 063 6, 676,824 5,453,440 9,540, 476 904,321 6, 608, 298 9,565, 639 929, 016 5, 080,045 1, 843,801 968,913 3, 246, 837 13, 782, 512 10, 259, 256 69, 051, 435 * Official (all others unofficial). REPORT OF THE COMPTROLLER OF THE CURRENCY. 243 PRIVATE BANKS IN THE UNITED STATES, 1892. EESOUECES. Overdrafts. United States bonds. State, Railroad county, and municipal, bonds etc., bonds. stocks. $8,987 35,401 6,927 $106, 989 267,151 4,952 $39,918 14,991 3,250 $165, 612 86,556 5,240 51, 315 379, 092 58,159 257,408 949 26,497 10, 256 5,618 17,786 271,583 1,007 D u e from other b a n k s and bankers. $31,020 36,917 11,140 $34,576 352, 827 22,109 $755, 893 2, 332,251 93,981 $228, 356 473,262 63,331 79, 077 409, 512 3,182,125 764,949 . 6,400 112, 470 98, 481 35,973 48,424 197, 335 765, 528 36,829 111,695 201,062 50, 256 141,574 446, 937 50 92, 800 22, 340 24, 000 34, 000 7,500 62, 276 36, 810 26, 283 19,549 18,685 30,829 241,190 122, 709 58,000 76,176 373, 346 1,258, 211 988, 353 193,908 180, 681 11, 057 625, 310 8,540 221, 865 207, 686 31,146 324, 723 1,082,194 2,391,803 1,529, 330 3,136,826 402, 301 1,505, 078 2, 736,464 461, 644 1,347,521 349,811 775,765 345,065 959,287 255, 013 775,482 1,461,278 162, 805 1,315, 593 6,400, 099 i 6,562 332,689 50 225,581 109, 298 81,497 339,667 34,781 121,612 362,536 38,075 212,954 55, 000 128,032 1,077,833 43,438 16,000 50 10,000 87, 942 8,141 1, 526, 001 1,330,353 428, 514 39, 385 477,012 49,000 233 53,275 2,800 98,324 63,448 84,159 • 22,824 5,000 189, 824 18,100 1, 089, 994 61, 308 476, 679 1, 804, 916 14,593,161 37, 799 15, 439 27, 462 2, 000 159 3,049 10, 515 1,865 45,782 17,128 2,919 143,858 276,103 10, 000 83,446 36,095 8,561 12, 713 1,084 1,009 5,605 6,497 247,112 193,180 39, 365 44, 098 44,396 40, 587 26, 651 1,062 196, 650 33,445 92,238 105, 388 157, 622 2, 067, 627 Eeal estate, furniture, and fixtures. All other bonds and stocks. Bank stocks. 1, 709,495 70, 000 124,208 3,889 26, 310 9,735 1 2 3 1 2 3 4 5 6 1 2 3 4 5 6 7 8 9 295, 565 1 511,471 2 61,603 3 66, 830 4 35, 058 5 15,690 6 3,646 7 5,500 8 73,839 9 19, 998 10 68,186 11 6,500 12 45, 678 27,462 72, 000 680, 468 1, 064,172 1,163,886 1, 316,540 404,178 703, 932 3, 268, 242 20, 097, 669 9, 317,287 244 REPORT OF THE COMPTROLLER OF THE CURRENCY. ABSTRACT OP REPORTS OF CONDITION OF THE PRIVATE EESOURCES. Current expenses and taxes paid. Cash and cash items. Other resources. New York Pennsylvania. Maryland $8,233 39,930 2.291 $305,733 944, 923 22, 957 $36,117 41, 225 727 $4, 768, 477 13,881,567 486, 275 Total Eastern States . Virginia North Carolina * Georgia Florida Alabama Texas 50, 454 1,273,613 78, 069 19,136, 319 7 6,494 6,655 3,071 2,723 5,358 59,144 64, 005 84,392 30,800 34, 549 144, 229 974,124 39,766 65,153 835, 298 1,114, 654 529,444 445,564 1,298,413 8, 034, 049 Total Southern States . Missouri* . Ohio Indiana Illinois Michigan... Wisconsin* Iowa Minnesota.. Kansas* — 83, 677 1, 332,099 116,119 32,257,422 101,977 39, 084 116, 894 21, 984 50,203 142, 699 21,137 130, 393 629,879 1,423, 971 1, 303,149 1, 646,610 275,742 1,029,425 1,185,413 180,528 933, 258 108,554 309,518 236, 251 67, 364 84, 750 378, 263 5,856 8, 444, 559 16, 850, 237 11, 044, 286 22, 943, 309 3, 248, 521 10, 396, 713 19, 091,107 2, 883, 860 9,767, 934 624, 371 8,607,975 1,190, 556 104,670,526 25, 800 404,149 225,485 16, 907 26,100 45, 945 19, 757 10, 615 1 3,050 101, 885 16, 715 91, 084 60, 111 13, 685 153, 369 36, 287 7,643 2, 449, 870 3, 371,178 1, 201, 813 397,078 424, 830 157, 700 194, 909 12, 212 955, 718 236, 790 934,177 261,131 States, etc. Total Western States. Colorado California* North Dakota. South Dakota . Oregon Idaho Montana New Mexico... Utah Washington... Wyoming Oklahoma Total Pacific States, etc . Total United States 10, 711 6,871 2,709 4,269 2,967 100 17,469 4,966 4,545 23 6,000 Total. 87,695 1,021,803 217, 069 10,597,406 846,197 12,235,490 1,601,813 146,661,673 * Official (all others unofficial). REPORT OF THE COMPTROLLER OF THE CURRENCY. 245 BANKS IN THE UNITED STATES, 1892—Continued. LIABILITIES. Capital. Surplus. Other undivided profits. I n d i v i d u a l deposits. Due to banks. Other liabilities. $827,243 1,981, 435 191, 624 $489, 655 966, 592 $125,564 267,420 9,097 $3, 258, 853 10, 319, 734 283,714 $22, 717 251,760 1,840 $44,445 94, 626 3,000, 302 1, 456, 247 402, 081 13, 862, 301 276, 317 139, 071 220, 540 251,800 336, 880 91,326 484, 090 2, 869, 276 10,000 137, 537 60,000 72, 915 158, 277 33,235 22, 858 16, 532 13, 210 86,874 163,190 497,189 587, 761 170, 989 269, 844 619. 853 3,453, 957 18,264 26, 969 3,535 5, 717 10,504 49, 024 56, 070 87, 729 1,508 5,467 24,177 1, 340, 325 4, 253, 912 438, 729 335,899 5, 599, 593 114, 013 1, 515, 276 1,160, 860 3, 6J55, 282 3, 070, 353 4, 599, 741 772, 604 1, 367, 365 5, 404,914 674,443 2, 824, 004 549, 046 769, 686 386, 514 1,184, 718 150,978 733, 571 1, 265, 256 54, 247 295, 542 325, 859 205, 185 420, 014 66, 253 88. 849 751,226 67, 630 588,298 6, 355, 444 11, 575, 804 7,041, 994 14, 856, 720 2,196, 715 7, 954; 786 10,928, 893 2, 011, 766 5, 349, 912 135, 209 338, 975 270, 380 97, 339 31, 251 196,681 14,170 86,963 244, 000 174, 631 69, 860 1, 784, 777 30, 720 252,142 544,137 61, 604 623,215 23, 539, 566 5,389, 558 2, 513, 314 68, 272, 034 1,170,968 3, 785,086 525, 400 1, 565,495 511,024 155,544 141, 824 72, 500 90, 000 10, 000 307, 850 93,860 240, 900 82, 050 31,845 269, 207 58, 029 13, 968 25,218 3,961 78,403 1, 691, 599 1,437, 882 219,447 185,401 244, 083 67,089 56,154 150 546,826 109,838 632, 900 165, 851 22,170 71, 378 ±2, 901 100,453 27,216 331,637 18,962 20, 860 12,015 10,950 38,685 23, 203 7,662 9,090 32, 336 50,164 8,883 21,814 7,043 6,043 5,060 12, 831 6,666 5,187 6,550 6,187 1 2 3 4 5 6 1 2 3 4 5 6 7 8 9 1 2 3 4 5 3,588 7 H 2,062 24,018 9 7,007 10 21,063 11 12 3,796,447 446,053 277,283 5,357,220 184,397 536,006 34, 590, 227 7, 730, 587 3, 528, 577 93,091,148 1,745,695 5,975,439 1 2 3 246 REPORT OF THE COMPTROLLER OF THE CURRENCY. LOAN AND TRUST COMPANIES. AGGREGATE RESOURCES AND LIABILITIES OF LOAN AND TRUST COMPANIES FROM 1887-'88 TO 1891->92. Resources and liabilities. 1887-'88. 1888-89. 1889-'9O. 1890-'91. 1891-'92. 120 banks. 120 banks. 149 banks. 171 banks. 168 banks. Resources. $46, 606, 390 $53,349,045 $56, 669,834 $65,072,641 $55,098,822 Loans on real estate Loans on pers'l and collat'l security 175, 033, 893 193,610,054 209,617,297 225, 012, 238 256, 413, 894 Other loans and discounts 20, 060, 365 44,491, 268 61.595,409 66,791,541 73, 760, 832 24,311 83,957 Overdrafts 91,362 105,608 155, 999 22,899,766 27,193,201 24,921,203 16,057,015 United States bonds 18, 059, 578 2,006,479 3,765, 747 State, county, and municipal bonds 2, 993,365 3,828, 397 6,404, 311 15,702,430 Railroad bonds and stocks 19, 352, 398 26.102,410 29, 771,125 27,617, 700 660,468 737,312 Bank stocks 1,230,642 1,159,776 1, 608, 344 31, 309, 770 25, 676,359 40,459,876 43,157,008 Other stocks, bonds, and mortgages 52.516,845 19,791, 922 25, 084, 040 33,307,028 39,948,373 Due from other banks and bankers 54; 975, 325 Real estate, furniture, and fixtures. 13, 951, 791 14,455,406 16, 845,480 17,357,290 22, 617,764 605,173 438, 018 Current expenses and taxes paid.. 568,924 743,684 648,269 19, 788, 298 25,236,526 19, 861,137 16,482, 207 - 22,600,045 Cash and cash items 6,212,421 7,795,152 Other resources 9, 537, 369 11,141,299 7,767,180 Total 383,653,477 441, 268,483 503,801,336 536,628,202 600,244,908 53,243,510 59,445,937 70,676, 247 79,292,889 24,105, 371 25, 583,905 34,594,751 38,412,197 11,846, 316 13,199, 209 12,233, 252 17, 091,648 14,420, 537 16,902,812 19,565, 215 18,907,550 271,981 198, 319 203,460 83, 396 257,878,114 299, 612,899 336,456,492 355,330, 080 3,013,572 2,046,965 2,210, 772 2,863, 248 19, 914, 345 23,238,168 27,208,671 25,299,670 80,645,972 45,824,747 15,943,401 11,365,280 108,479 411,659, 996 3, 771,465 30,925,568 383,653,477 600,244,908 Liabilities. Capital stock Surplus fund Other undivided profits Debenture bonds Dividends unpaid Individual deposits Due to other banks and bankers... Other liabilities Total 441,268,483 503,801,336 536,628,202 REPORT OF THE COMPTROLLER OF THE CURRENCY. 247 PRIVATE BANKS. AGGREGATE RESOURCES AND LIABILITIES OF PRIVATE BANKS IN 1888, 1889, 1891, AND 1892. 1888. Kesources and liabilities. 1889. 1891. 1890, 1892. 1,203 bailks. 1,324 banks. 1,344 banks. 1,235 banks. 1,161 banks. Resources. Loans on real estate Loans on personal, etc., security Other loans and discounts Overdrafts United States bonds State bonds Railroad bonds and stocks Bank stocks Other stocks, bonds, etc Due from banks and bankers Real estate, furniture, etc Current expenses, etc Cash and cash items Other resources Total $9, 574, 069 66, 607, 009 26, 795, 379 2, 072, 386 1, 718, 722 762, 404 1,168, 584 695, 492 4,417, 689 20, 900, 891 10,110, 310 908,572 14, 827,171 3,154, 578 $8, 386, 735 17,121, 720 65,480, 534 1, 733, 213 1,421,537 814, 683 470, 627 514, 770 3, 216, 823 19, 753,173 9,474, 378 815,829 11, 911, 866 1, 845,449 $10,678, 574 21, 363, 819 72,922, 802 2,437,105 1, 643, 560 936, 491 536,068 866, 787 3, 951, 600 21, 726,466 9, 812,101 960,400 14,479, 550 1, 705, 499 163, 713, 256 142, 961,337 164,020,822 $15,997,251 $13,782,512 16,738,321 10, 259, 256 68,180, 783 69,051,435 2, 475,025 2,067,627 1,509,155 1,709, 495 908, 983 1, 316, 540 404,178 737,239 703,932 634,140 3,268,242 1,883,192 19, 380, 059 20, 097,669 9,317,287 9, 217, 951 846,197 797, 326 11, 977, 512 12, 235,490 1, 601, 813 1,209, 081 151,646, 018 146, 661, 673 41, 042, 018 36, 785.458 8,993, 987 9, 741,183 4, 677, 667 3,152, 635 34.590,227 7, 730, 587 3,528, 577 99, 521, 667 94,959, 727 902, 481 586, 210 3, 812, 799 2,240, 371 3, 736, 797 5, 513, 840 93,091,148 Liabilities. Capital Surplus fund Other undivided profits , Dividends unpaid Individual deposits State, county, etc., deposits Deposits of State, etc., officers ., Due to banks and bankers Other liabilities , Total 40, 842, 074 9,588,238 5, 289,748 84, 658 94,878, 842 2, 419,440 1, 064,039 4, 901,448 4,644, 769 38,038, 690 8,266, 516 3, 555,590 67, 326 83,183, 718 693, 969 563,025 3,432, 360 5,160,143 163, 713,256 142,961, 337 164,020,822 151, 646, 018 1, 745, 695 5,975, 439 146, 661, 673 NUMBER, LIABILITIES, ASSETS, AND PERCENTAGE OF ASSETS OF STATE, SAVINGS, AND PRIVATE BANKS AND LOAN AND TRUST COMPANIES THAT FAILED DURING THE FISCAL YEARS ENDED ON JUNE 30, 1891 AND 1892. 1891. Class. ]S o. Liabilities. Assets. $3,155, 319 365, 000 16, 923, 773 69.05 56.59 51.93 24 6 *36 3 $3,177,529 917, 000 6,505, 099 425, 000 $1,892, 091 484, 500 3, 539, 598 209,000 59.55 52.83 54.41 49.18 37, 801, 511 20,444, 092 54.08 69 11, 024,628 6,125,189 55.56 No. Liabilities. 122 Per cent. Assets. T 24 $4, 569, 896 State banks 5 645,000 Savings banks *93 32, 586, 615 Private banks Loan and trust companies . Total 1892. Per cent. •Includes 6 banks in 1891 and 4 in 1892 that failed in South Dakota, their liabilities and assets, however, not being given. STATEMENT SHOWING, BY STATES, THE NUMBER, LIABILITIES, AND ASSETS AT DATE OF FAILURE OF STATE, SAVINGS, AND PRIVATE BANKS AND LOAN AND TRUST COMPANIES THAT FAILED DURING THE YEAR ENDED JUNE 30, 1892, AS EEPORTED TO THE BRADSTREET COMPANY. State banks. States. Massachusetts New York Pennsylvania Maryland Alabama Mississippi Louisiana Texas Savings banks. No. Liabilities. Assets. 1 $193, 844 $165,381 ..... .... --- Tennessee - Ohio Illinois W iscon sin Iowa Minnesota. Kansas Nebraska . . . . . Colorado New Mexico North Dakota South Dakota* Oklahoma .... No. 1 1 1 1 1 3 1 10,000 27,000 150, 000 780, 000 685,000 120, 000 6,000 20,000 75,000 310,000 600, 000 30,000 1 1 132,685 500, 000 92,710 250,000 6 4 426,000 133,000 250,000 86,000 1 2 20, 666 7,000 24 3,177,529 1, 892, 091 k Liabilities. $59,000 Assets. $47,000 1 28,000 20, 000 1 350, 000 325,000 1 1 400, 000 20, 000 60, 000 2,500 1 ' 6 60,000 917, 000 30, 000 484,500 Loan and trust companies. Private banks. No. Liabilities. Assets. 5 4 4 1 3 2 $1, 690,000 1, 378, 940 730,159 300,000 210, 000 807,000 $560, 000 1, 098,535 473,563 100,000 130,000 430,000 1 400,000 350, 000 3 78,000 50, 000 3 205, 000 53, 500 1 1 1 2 90, 000 200,000 175, 000 67, 000 45, 000 100, 000 70, 000 28, 000 1 1 80, 000 90,000 10, 000 40, 000 No. Liabilities. 1 1 1 2 1 4,000 1,000 36 6, 505, 099 3, 539, 598 3 $400, 000 15, 000 10, 000 425,000 The State law practically prohibits the collection of information of this character. Total all banks. Assets. No. Liabilities. Assets. $200,000 1,000 7 6 4 1 3 3 1 1 2 2 3 4 1 4 1 2 1 1 8 6 1 1 1 4 1 $2,149 r 000 1, 587,784 730,159 300,000 210, 000 835, 000 10, 000 27,000 550,000 1,130,000 685,000 198, 000 400, 000 225, 000 132, 685 590,000 200, 000 175, 000 493, 000 203, 000 80, 000 90,000 20, 000 (*) 4,000 $807, 000 1, 264,916 473,563 100,000 130, 000 450, 000 6,000 20, 000 425, 000 635,000 600, 000 80,000 60, 000 56, 000 92, 710 295,000 100,000 70, 000 278, 000 124,000 10, 000 40,000 7,000 (*> 1,000 69 11, 024, 628 6,125,189 8,000 209, 000 00 O Ha 5 O o 3 f1 W o REPORT OF THE COMPTROLLER OF THE CURRENCY. 249 R E P O R T OF THE CONDITION OF THE NATIONAL SAVINGS BANK OF T H E DISTRICT OF COLUMBIA, AT WASHINGTON, D. C , AT THE CLOSE OF BUSINESS ON THE 30TH D A Y OF S E P T E M B E R , 1892. DR. CB. RESOURCES. Loans and discounts (see schedule). Due from State and private banks and bankers Other real estate and mortgages owned (see schedule) Current expenses and taxes paid . . . Fractional paper currency, nickels, and cents Specie, viz: Silver Treasury certificates $2,453. 00 Fractional silver coin 22. 00 Total LIABILITIES. $214, 713. 56 Undivided profits Individual dep o s i t s subject to check $209,040.15 Time certificates of deposit 1,000.00 5, 774. 84 2, 000. 00 2, 599. 95 $17, 524,11 210, 040.15 .91 227,564. 26 2, 475.00 Total 227, 564. 26 SCHEDULE. Loans and discounts. On demand, secured by stocks, bonds, and other personal securities On time, on mortgages, or other real-estate security On time, secured by stocks, bonds, and other personal securities Total The highest rate of interest paid by the bank on deposits is 2 per cent. $38,707.81 175,210. 75 795. 00 214,713.56 I, Benjamin P. Snyder, president of the National Savings Bank of the District of Columbia, do solemnly vs'wear that the above statement is true, and that the schedule on back of the report fully and correctly represents the state of the several matters therein contained to the best of my knowledge and belief. • BENJAMIN P. SNYDER, President. DISTRICT OF COLUMBIA, County of Washington : Sworn to and subscribed before me this 13th day of October, 1892. [SEAL.] WILLARD H. MYERS, Notary Public. Correct. Attest: ANDREW WYLIE, ) LEWIS CLEPHANE, \ Directors. M. G. EMERY, ) R E P O R T O F T H E CONDITION OF T H E NATIONAL S A F E D E P O S I T , SAVINGS AND T R U S T COMPANY OF T H E DISTRICT OF COLUMBIA, AT WASHINGTON, D. C , AT THE CLOSE OF BUSINESS ON T H E 30TH D A Y OF SEPTEMBER, 1892. DR. CR. RESOURCES. ! Loans and discounts (see schedule).. $1, 279, 366.15 United States bonds on hand (par 204,400. 00 value) 161, 250. 00 Stock securities, etc. (see schedule). Due from State and private banks 21,002.63 and bankers Bankinghouse. .• $665,026. 55 Furniture and fixtures. 112,210.57 777,237.12 5,158.45 Current expenses and taxes paid . . . 40, 975.19 Premium on United States bonds . . . 28,280.41 Checks and other cash items Fractional paper currency, nickels, and centa Species, e t c , viz: Gold coin $160.00 Gold Treasury certificatds -' 9,660.00 Silver dollars 10.00 .33 Silver Treasury certificates 1,000.00 Fractional silver coin . 51.00 Total LIABILITIES. 2, 528, 551.28 10, 881.00 Capital stock paid in $1,000,000.00 Undivided piofits 59, 395.37 Individual deposits subject to check 1, 219,155.91 Bills payable 250,000.00 Total 2, 528, 551. 28 250 REPOKT OF THE COMPTROLLER OF THE CURRENCY. SCHEDULES. Loans and discounts. On demand, secured by stocks, bonds, and other personal securities On time, secured by stocks, bonds, and other personal securities On time, on mortgages or other real-estate security $284,695.00 328, 630. 00 666, 041.15 Total 1,279,366.15 Stocks, securities, etc. District of Columbia 5s District of Columbia 7s District of Columbia 3.65s Chesapeake and Potomac Telephone Comi>any 5s XL S. Electric Light Company 6s "Washington and Georgetown Railroad Company 6s Masonic Hall Association 5s Washington Market Company 6s State of Pennsylvania 4s Hannibal, Mo., 6s 50, 000.00 3,000.00 27,750.00 16, 000. 00 6,000.00 41, 500. 00 2, 000.00 1,000.00 10,00(>. 00 4,000.00 Total 161,250.00 The highest rate of interest paid by the bank on deposits is 2 per cent. I, Benjamin P. Snyder, president of the National Safe Deposit Company of Washington, do solemnly swear that the above statement is true, and that the schedules on the back of the report fully and correctly represent the true state of the several matters therein contained to the best of my knowledge and belief. BENJAMIN P. SNYDER, President. DISTKICT OF COLUMBIA, County of Washington: Sworn to and subscribed before me this 6th day of October, 1892. [SEAL.] WILLARD H. MYERS, Notary Public. - Correct. Attest: E. FRANCIS RIGGS, ) ANDREW WYLIE, ^Directors. M. Gr. EMERY, REPORT O P T H E CONDITION O F T H E WASHINGTON LOAN AND TRUST COMPANY, AT WASHINGTON, I N T H E DISTRICT O F COLUMBIA, AT T H E CLOSE OF BUSINESS O N T H E 3 0 T H D A Y O F S E P T E M B E R , 1892. DR. CR. RESOURCES. LIABILITIES. Loans and discounts (see schednle).. $1,961,132.68 45.99 Overdrafts 18, 200.00 Stock, securities, etc. (seeschedule). 217,419.18 Due from other national banks Due from State and private banks 11,684. 75 and bankers and trust companies. Banking house $557, 803.33 Furniture and fixtures, vault work, etc 37,048.52 594,851.85 Checks and other cash items (see schedule) 21,931.72 Fractional paper currency, nickels, and cents 67.08 Specie, viz: Gold coin $10,158.00 Silver dollars 350.00 Silver Treasury certificates 23,242.00 Fractional silver coin 858.60 34,608.60 17,354.00 Legal-tender notes Total 2,877,295.85 Capital stock paid in Surplus fund Undivided profits Individual deposits subject to check.. $1,040,299.09 Time certificates of deposit. 688,894.36 Certified checks . . . . 305.30 Due to other national banks • Total $1,000,000.00 100, 000.00 35,841.77 1, 729,498.75 11,955.33 2, 877,295. 85 REPORT OF THE COMPTROLLER OF THE CURRENCY. 251 SCHEDULES. Loans and discounts. On demand, secured by stocks, bonds, and other personal securities On time, paper with two or more individual or firm names On time, secured by stocks, bonds, and other personal securities On time, on mortgages or other real-estate security $358,575.01 12, 476. 00 392, 956.10 1,197,125. 57 Total 1,961,132.68 Included in the above a r e Suspended and overdue paper Liabilities of directors (individual and firm) as payers 51,140.14 154,870.84 Stocks, securities, etc. Ohio National Bank stock Eckington and Soldiers' Home Railroad bonds Edison Electric Illuminating Company's bonds Checks and drafts on banks, etc., in this city $200.00 8, 500. 00 9,500. 00 21, 931.72 Total . 40,131.72 The highest rate of interest paid by the bank on deposits is 5 per cent. I, Brainard H. Warner, president, of the Washington Loan and Trust Company, do solemnly swear that the above statement is true, and that the schedules on back of the report fully and correctly represent the true state of the several matters therein contained to the best of my knowledge and belief. B. H. WARNER, President. DISTRICT OF COLUMBIA, County of Washington: Sworn to and subscribed before me this 4th day of October, 1892. [SEAL.] S. A. TERRY, Notary Public. Correct. Attest: JOHN R. CARMODY, ^ JOHN JOY EDSON, W. E. BARKER, J . S. SWORMSTEDT, F . C. STEVENS, JOHN B. LARNER, THEODORE W. NOYES, y Directors. CHAS. B. BAILEY, N. H. SHEA, A . S. WORTHINGTON, Louis D. A^INE, ELLIS SPEAR, HORACE S. CUMMINGS, REPORT OP THE CONDITION OF THE AMERICAN SECURITY AND TRUST COMPANY, AT WASHINGTON, IN THE DISTRICT OF COLUMBIA, AT THE CLOSE OF BUSINESS ON THE 30TH DAY OP SEPTEMBER, 1892. DR. CR. RESOURCES. LIABILITIES, Loans and discounts (see schedule). $2,133,671.02 163.92 Overdrafts 91,000.00 Stocks, securities, etc. (see schedule) 168, 673.99 Due from other national banks Due from State and private banks 86, 638.55 and bankers Banking house $152,048.20 Furniture and fixtures. 7,646.97 159, 695.17 Other real estate and mortgages 126, 549.89 owned (see schedule) Current expenses and taxes paid . -. 8,138.38 Checks and other cash items (see schedule) 24,315. 88 Fractional paper currency, nickels, 57.31 Specie, viz: Gold coin $24,635.50 Gold Treasury certificates 410.00 Silver dollars 440.00 Silver Treasury certificates 3,572.00 Fractional s i l v e r coin 404.20 29,461. 70 23, 593.00 Legal-tender notes Total 9, 851, 958. 81 Surplus fund Undivided profits Individual d e p o s i t s , subject to check.... $845, 693.23 Time certificates of deposit 224,388.34 Certified checks 1,519.16 $1, 250, 000. 00 100,000. 00 38,758.08 Debenture bonds 1,071,600.73 391,600.00 Total 2,851, 958.81 252 REPORT OF THE COMPTROLLER OF THE CURRENCY. SCHEDULES. Loans and discounts. OD demand, secured by stocks, bonds, and other personal securities On time, secured by stocks, bonds, and other x)<3rsonal securities On time, on mortgages or other real-estate security Total $476,557.67 198, 702.00 1,458,411.35 '. 2,133,671.02 Stocks, securiticsj etc. "Washington Gas-light Company Choptank Steamboat Company bonds Chesapeake and Potomac Telephone Company bonds Checks and drafts on banks, etc., in this city Checks and drafts on other banks 43,000.00 5, 000.00 43,000.00 20,463. 62 3, 852. 26 Total 115,315.88 Other real estate and mortgages owned. Premises, storage warehouse, etc 126,549.89 We, A. T. Britton, president, and Percy B. M^tzger, treasurer, of the American Security and Trust Company, do solemnly swear that the above statement is true, and that the scheduler on back of the report fully and correctly represent the true state of the several matters therein contained to the best of our knowledge and belief. A. T. BRITTON, President. PERCY B. METZGER, Treasurer. DISTRICT OF COLUMBIA, City of Washington: Sworn to and subscribed before me the 5th day of October, 1892. [SEAL.] HOWARD S. REESIDE, Notary Public. Correct. Attest: C. J . BELL, ) MYRON M. PARKER, j W. S. THOMPSON, } Directors. H. A. WILLARD, JAMES E. PITCH, j CANADIAN BANKS. SUMMARY OF THE CONDITION OF THE THIRTY-NINE CHARTERED BANKS OF THE DOMINION OF CANADA, ON OCTOBER 31, 1892. RESOURCES. Mortgages on real estate Loans on bonds and stocks Current loans Loans to the Canadian Provinces. -. Overdue debts Deposits to secure circulation Dominion bonds Canadian municipal, etc., securities. Rail way securities Due from other banks and agencies. Heal estate and bank premises Notes of, and checks on, other banks Specie Dominion notes Other resources Excess of liabilities Total resources LIABILITIES. $846,797 20,392,077 194,123, 365 2,372,527 2,452,155 1,761, 259 3,328,496 8,523,980 8,137, 590 28,119,162 5,740,229 8,954,339 6,708,841 1% 813,254 1,643,493 1,425, 966 306, 343, 530 Capital paid in Reserve fund Notes in circulation Due to the Dominion Government. Due to the Provincial Governments Demand deposits Time deposits Due to other banks and agencies-. Other liabilities Total liabilities $61,809,372 24, 832, 474 38, 688,429 2,524, 785 3, 993, 381 66,427, 727 99,934,970 7,922, 998 209,394 306,343,530 TABLES SHOWING THE CONDITION OF THE FIRST AND SECOND CHARTERED BANKS OF THE UNITED STATES, AND SIMILAR INFORMATION IN RESPECT TO BANKS ORGANIZED UNDER STATE AUTHORITY AT VARIOUS DATES, FROM 1774 TO 1892, 253 254 REPORT OF THE COMPTROLLER OF THE CURRENCY. REPORTS OF CONDITION OF THE FIRST BANK OF THE UNITED STATES.* January, 1809. January, 1811. RESOURCES. Loans and discounts $15,000,000 2, 230, 000 800,000 480,000 , United States 6 per cent and other United States stock . Due from other banks Real estate Notes of other banks Specie Total. 5, 000, 000 $14,578,294 2, 807, 046 894,145 500, 653 393, 341 5, 009, 567 23, 510, 000 24,183,046 10, 000, 510, 4, 500, 8, 500, 10, 000, 000 509,678 5, 037,125 5, 900,423 1, 929, 999 C34,348 171, 473 LIABILITIES. Capital stock Surplus Circulation outstanding Individual deposits United States deposits Due to other banks Unpaid drafts outstanding . Total. 000 000 000 000 23,510, 000 24,183,046 * American State Papers, ^Finance, vol. 2, pp. 352 and 470. STATEMENT SHOWING THE PRINCIPAL ITEMS OF RESOURCES AND LIABILITIES OP THE BANK (SECOND) OF THE UNITED STATES FROM 1817 TO 1840. RESOURCES. Tear. 1817 1818 1819 1820 1821 1822 1823 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833.. 1834 1835 1836 1837 1838 1839 1840 Loans and discounts. Stocks. $4,829,234 $3,485,195 9,475,932 41,181,750 7, 391, 823 35, 786, 263 7,192,980 31,401,158 9,155, 855 30,905,199 13, 318, 951 28, 061,169 11,018, 552 30, 736,432 10,874, 014 33,432,084 18,422, 027 31,812,617 18, 303, 501 • 33,424,621 17, 764, 359 30,937, 866 17,624, 859 33,682,905 39, 219, 602 16, 099, 099 11,610, 200 .'... 40, 663,805 8, 674, 681 44, 032,057 2,200 66,293,707 61,695,913 54,911,461 51,808,739 59, 232,445 57, 393,709 45, 256, 571 ""i4"862,"i08' 41, 618,637 17,957,497 36,839, 593 16,316,419 Eeal estate. $563,480 626, 674 1, 302, 551 1,495,150 1,848, 354 2, 039, 226 2, 295, 401 2, 345. 539 2,886, 397 2,629,125 2,136, 525 1,855,169 1,741,407 1,760,632 1,486, 561 816, 855 1,061,663 1,054,523 1,228,630 Banking house. $175, 201 433,808 1,296, 626 1,886,724 1, 855, 946 1, 956, 764 1,871, 635 1, 852, 935 1, 792, 870 1,678,192 1, 634, 260 1,557, 356 1,444,801 1, 344,761 1,159,637 1,181,071 1,189,125 1,238,896 967,404 420,244 443,109 424,382 610,504 D u e by for- D u e from eign banks. State banks. $1,033, 682 621, 667 261, 548 83, 548 1,107, 637 24, 599 1,434, 020 24,178 421,524 460, 686 356,740 482, 240 1, 530, 553 2,383,331 91, 668 3,106,833 1,801,669 1,922,498 73,171 $8,848, 315 1,203,894 2, 624, 797 2,727, 080 1,178,197 1, 717,723 1,407,573 1,287,808 2,130, 095 747,375 1,683,510 1,723,297 1,199,458 3,944,849 3, 688,143 3,058,870 4, 609,973 4,088,005 2,284,598 3,657,261 5,833,000 7,469,422 REPORT OF THE COMPTROLLER OF THE CURRENCY. 255 STATEMENT SHOWING THE PRINCIPAL ITEMS OF RESOURCES AND LIABILITIES OF THE BANK (SECOND) OF THE UNITED STATES FROM 1817 TO 1840.—Continued. LIABILITIES. Year. 1817 1818 1819 1820 1821 1822 1823 1824 1825 ' 1826 1827 1828... 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 Notes of State banks. I>ue to Due to foreign State banks. banks, etc. Circulation. Deposits. Specie. £587, 201 $1, 724,109 837, 254 2, 515,949 877, 009 2, 666. 696 443,166 3,392! 755 677, 022 7, 643,140 917, 629 4, 761, 299 766, 248 4,424, 874 705,173 5, 813, 694 056, 224 6, 746, 952 114. 831 3, 960,158 068,483 6, 457,161 ,447, 386 6,170, 045 293, 578 6, 098,138 465, 047 7, 608, 076 , 494, 506 10, 808, 047 ,171,676 7, 038, 023 292,655 8, 951,847 082, 640 10, 039, 237 506, 200 15,708, 369 736, 491 8,417, 988 , 206, 754 2, 638, 449 866,597 3, 770, 842 791, 580 4,153, 607 383, 686 1,469,674 $1, 911, 200 $11,233,021 8,339, 448 12, 279,207 6, 563, 750 5, 792, 869 3, 589, 481 6, 568, 794 4, 567, 053 7, 894, 985 5, 578, 782 8, 075,152 4, 361, 058 7, 622, 340 4, 647, 077 13, 701, 936 6,068, 394 32,033,364 9, 474, 987 11, 214, 640 8, 549, 409 14, 320,186 9, 855, 677 14, 497, 330 11,901, 656 17, 061, 918 12,924,145 16,045,782 16, 251, 267 17, 297, 041 21, 355, 724 22, 761, 434 17,518, 217 20. 347, 749 19, 208, 379 10, 838, 555 17, 339, 797 11, 756, 905 23, 075, 422 5, 061, 456 11, 447, 968 2, 332, 409 6, 768, 067 2, 616, 713 5, 982, 621 6, 779, 394 6, 695, 861 3, 338, 521 $1, 357, 778 1, 434, 022 2, 053, 650 2, 053, 074 2, 040, 000 1, 292, 710 1, 020, 000 2, 407, 282 251, 494 280, 056 1, 467, 806 $1, 697, 401 1,447,748 734, 900 1, 951,103 2, 091. 891 1, 522,124 3,119,172 2, 660, 694 2,284, 598 6, 926, 364 4, 957, 291 20, 479,468 3, 061, 895 22, 030, 351 4,155, 366 13, 091, 087 Capital. $35, 000, 000 35. 000, 000 35.' 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 35, 000, 000 STATEMENT SHOWING THE SPECIE, CIRCULATION AND CAPITAL AND THE NUMBER OF BANKS IN THE UNITED STATES FOR THE YEARS MENTIONED.* No. of banks. Year. 1774 1784 1790 1791 1792 1793 1794 1795 1796 1797 1798 ]799 1800 1801 1802 1803 1804 4 . . * 6 16 17 17 23 24 25 25 26 28 31 32 36 59 *Elodgett's Economics. Specie. $4, 000, 000 10,000, 000 9, 000, 000 16, 000, 000 18, 000, 000 20,000, 000 21, 500, 000 19", 000, 000 16, 500, 000 16,000, 000 14, 000, 000 17,000,000 17, 500, 000 17, 000,000 16, 500,000 16, 000,000 17, 500, 000 Circulation. $2, 000, 000 2, 500, 000 9, 000, 000 11, 500, 000 11, 000, 000 11,600,000 11,000, 000 10, 500, 000 10, 000, 000 9, 000, 000 10, 000,000 10, 500, 000 11,000, 000 10,000, 000 11,000, 000 14, 000, 000 Capital. $2,100, 000 2, 500, 000 12, 900. 000 17,100,000 18. O00,000 18^ 000, 000 19,000,000 19, 200, 000 19,200, 000 19, 200, 000 21,200, 000 21, 300, 000 22, 400, 000 22, 600, 000 26, 000, 000 39,500, 000 256 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING THE NUMBER AND CAPITAL OF BANKS IN THE UNITED STATES AT EIGHT DIFFERENT PERIODS. 1792. N~PW Uamnshire Massachusetts Rhode Island Connecticut ..... .... Total Eastern States ... New York New Jersey ........ Delaware M^?r viand District of Columbia Total Middle States . . . . Virginia North Carolina South Carolina 1801. No. Capital.* 1 2 1 1 No. Capital.* No. Capital. * No. 2, 800, 000 400, 000 500,000 1 1 6 5 5 $300, 000 400, 000 3,850,000 1, 070, 000 2, 000,000 5 7 18 12 5 $1,100,000 1,100, 000 7, 425, 000 1, 728, 000 2,000, 000 6 8 15 13 5 $1, 250, 000 815,250 6, 292,144 1, 917,0U0 1, 933, 000 5 4,100, 000 18 7, 620, 000 47 13, 353, 000 47 12, 207, 394 2 1, 260, 000 5 4, 720, 000 1 2, 000, 000 7, 522, 760 739, 740 6,153, 050 400, 000 500, 000 5, 000, 000 110,000 1,600, 000 1, 500, 000 5, 430, 000 1, 000, 000 7, 000, 000 110 000 5, 800, 000 2, 000, 000 8 3 4 1 1 2 1 2 2 7 2 3 1 4 3 6 4 4, 895, 202 2,341,395 5 4,160, 000 12 12,930, 000 20 21, 340, 000 25 21, 652,147 3, 000,000 1 2 2 1, 500, 000 450, 000 3, 000, 000 1 500, 000 1, 500, 000 1, 576, 600 3, 475, GOO 210, 000 754, 000 100, 000 240, 460 7, 856,060 $40*6,666 ......... ............ 1 675, 000 2 Tennessee Kentucky Total Southern States .. Total all banks M~ aine -. .......... Michigan Total Western States... Total State banks Bank of the United States Total all banks 150, 000 5, 600, 000 12 675, 000 2 3, 000, 000 7 1 200,000 4 895, 000 11 1 8,935,000 10,000,000 32 1 23, 550,000 10,000, 000 75 40,493, 000 10, 000, 000 88 1 42, 610, 601 10, 000, 000 12 18,935,000 33 33, 550,000 76 50,493, 000 89 52,610, 601 1815. Vermont Massachusetts . . . . . .. TJ,h ode Island Connecticut Total Eastern States ... New York New »Tersev Pennsvlvania Delaware M^aryland District of Columbia Total Middle States . . . . Virginia North Carolina South Carolina ..... (xeorsria Florida Alabama Mississippi ....... Louisiana . .. . . . . . . . . . . Tennessee . Kentucky Total Southern States .. Ohio . Indiana Illinois 1 1 3 4 1 1 1 1 Capital. * 1 Total Western StatesOhio Total State Banks Bank of the United States 1811. 1805. 1816. . 1820. No. Capital.t No. Capital.t No. .8 10 $1, 380, 000 941,152 14 10 $1, 860, 000 998,121 21 14 10 63 11, 050, 2, 027, . 3, 655, 19, 053, 000 000 750 902 26 16 10 76 11, 650, 000 2, 317,320 4, 017, 575 20, 843, 016 15 10 1 28 30 8 92 26 11 42 5 17 10 111 18, 946, 318 2,121, 932 15, 068, 818 966, 990 7, 832, 002 4, 078,295 49,014,355 27 11 43 5 20 10 116 18, 566, 756 2, 072,115 15,384, 597 974,500 8, 604, 782 4, 294, 013 49, 896, 763 4 3 5 2 4,121, 097 1,576, 600 3, 730,900 623,580 12 3 5 3 1 3 2 2 22 100, 000 1, 432, 300 212, 962 959,175 12,756, 614 33 14 36 • 6 14 13 116 4~ 4, 5l2,T77~ 3 2, 776, 600 5 3, 832, 758 4 1,502, 600 12 100, 000 1 3 ' 1,422,300 815, 281 4 2, 059, 000 2 33 17,020, 716 1,434, 719 ~2T 2, 061, 927 12 1,434,719 21 208 82,259, 590 ~246~ 208 82,259, 590 * Authorized. 246 2,061, 927 1830. Capital.! No. Capital.t $1, 654, 900 1, 005, 276 44,955 10,485, 700 2, 982, 026 3, 689, 337 19, 862,194 18 18 10 66 47 13 172 $2, 050, 000 1, 791, 670 432, 625 20,420, 000 6,118, 397 4, 485,177 35, 297, 869 18, 988, 774 2,130, 949 14, 681, 780 974,900 6, 708,131 5, 525, 319 49, 009, 853 37 18 33 5 13 9 115 20, 083, 353 2, 017, 009 14, 610, 333 830,000 6, 250,495 3, 875,784 47, 666, 974 5, 212,192 2, 964, 887 4,475,000 3, 401, 510 4 3 5 9 1 2 1 4 1 5, 571,100 3,195, 000 4,631,000 . 4,203,629 75,000 • 643,505 950, 000 5,665,980 737, 817 3 1 4 8 42 74 469,112 900, 000 2/597, 420 2,119,782 8, 807,431 30,947, 334 30 25, 673, 031 20" 2 2 1 1, 797,463 202, 857 140,910 250,000 11 1,454, 386 25 2,391,230 12 i 100, 000 1, 554, 386 102, 210, 611 35, 000, 000 137,210, 611 329 1 330 110,192,260 35, 000, 000 145,192, 260 89, 822, 422 ~307~ 1 89, 822,422 308 t Estimated. REPORT OF THE COMPTROLLER OF THE CURRENCY. 257 STATEMENT SHOWING THE NUMBER OF BANKS IN THE UNITED STATES AND THEIR CAPITAL, ETC., IN THE YEARS MENTIONED.* Year. No. 88 1811 1813 1814 1815 1816 1817.. 1819 1820 1829 1830 208 246 307 329 330 Capital. Circulation. $42,610,600 $22, 700. 000 65, 000, 000 f 66, 000, 000 80 378 504 88,185, 823 1104,500,000 89.380.709 68, 000, 000 125, 676, 446 125, 000, 000 149,000, 000 102,110, 611 40, 641, 574 110,192, 268 48, 274. 914 145,192, 268 61, 323, 898 Deposits. Loans. "$ii7,666,666" $31, 244, 959 40, 781,119 55, 559, 928 Specie. $9, 600, 000 28, 000, 000 150, 000, 000 16, 500. 000 19, 000, 000 157,000,000 21,500,000 16, 672,^63 14,939, 643 22,114, 917 200, 451, 214 *For the years 1813,1814,1815,1817,1819, and 1830, see Elliott's Funding System, pp. 735-737 and 984; for the other years see Considerations on the Currency and Banking Systems of the United States 1831, pp. 45,49, and 53. t Estimated average. STATEMENT SHOWING THE NUMBER OF BANKS IN THE COUNTRY, THEIR CAPITAL, ETC., IN THE YEARS MENTIONED.* No. Year. 1811 1815. 1816 1820 1830 1834 1835 1836 1837 1838 1839 1840 208 246 308 330 506 558 567 634 663 662 722 Capital. $52, 720, 601 82, 259, 599 89, 822, 422 137,210,611 145,192, 268 200, 005, 944 231, 250, 337 251, 875, 292 290, 772, 091 317,636,778 327,132, 512 358, 442, 692 Circulation. $28,100, 000 45, 500, 000 68, 000, 000 44, 863. 344 61, 323, 898 94, 839, 570 103, 692, 495 140. 301, 038 149,185,890 116,138,910 135,170, 995 106,968, 572 Deposits. $35, 950, 470 55, 559, 928 75, 666, 986 83, 081,365 115,104, 440 127, 397,185 - 84,691,184 90-, 240,146 75, 696, 857 * Elliott's Funding System, p . 984, 9647- -17 Loans. $200,451,214 324,119, 499 365,163, 834 457, 506, 080 525,115, 702 485, 631, 687 492, 278, 015 462, 896, 523 Specie. $15, 400, 000 17,000,000 19, 000,000 19, 820, 240 22,114, 917 43, 937, 625 40, 019, 594 37, 915, 340 35,184,112 45,132, 673 33,105,155 258 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., T H E PRINCIPAL RESOURCES AND L I A B I L STATES, I N RESOURCES. States, etc. Maine New Hampshire .Massachusetts Vermont Ithade Island Connecticut Total Eastern States New York New Jersey Pennsylvania Delaware Maryland District of Columbia Total M i d d l e States Virginia North Carolina South Carolina Georgia ^ Alabama Mississippi Tennessee Kentucky Total Southern States Ohio Indiana Illinois.. •Missouri Total Western States Total S t a t e banks Bank of the United States Total all banks.. Loans and discounts. D u e from other banks. Specie. stocks, Real estate. U.S. stocks. Otheretc. $2,512, 716.73 1, 446, 089.39 12, 928,188. 04 77, 326. 00 3, 269,044. 28 496,453.23 $251, 730. 51 129, 587. 26 1,451,303.01 135, 269.03 288, 256.98 52,688. 70 $339, 749. 45 153, 831.53 901, 700.41 49, 690. 69 406, 867. 80 44, 645. 70 20, 729, 817. 67 2, 308, 835.49 1, 896, 485. 58 260,504.63 249,086. 75 711, 586. 58 291, 405. 00 13,183, 861. 93 1, 509, 999. 49 127, 579. 75 53,780. 00 1, 208, 828.44 120, 500. 00 10, 835. 52 2,000, 000. 00 21,413. 00 1, 061, 067. 23 115, 502. 95 21, 030.15 109, 600. 00 411, 676. 00 1, 285. 26 40,125. 00 405, 631. 26 75,920. 00 2, 200. 00 351, 537. 02 91, 684. 51 2, 925.16 6,823, 374.98 749, 269.14 265, 234. 00 100, 443. 46 635, 931. 93 301, 970. 54 21,936,221.15 $6, 294. 38 $128,844. 03 i a l , 6G0. 60 $90, 780. 59 51,112. 93 48, 498. 2Q 421, 230. 37 14, 714. 23 91,539. 88 137, 474." 69 88,040.00 10, 988. 00 2,143, 213.16 3, 484, 247. 33 623, 004. 72 1,157, 608.19 750, 317. 23 7, 326, 777. 66 6,255,928.00 2,165, 639. 73 1,175,397.32 858, 729. 05 1,257, 859. 46 2,214, 729. 56 5, 859, 262. 30 250, 988. 74 506, 388. 00 63, 832.96 136, 325. 00 353, 033. 93 56, 361. 97 218, 060. 73 243, 737. 08 993, 672.76 705, 582. 00 245, 487. 98 346, 445. 61 192, 708. 46 79,608. 01 343, 884.41 693, 381.19 87, 302. 01 152,093. 00 75, 399. 87 18, 905.40 150, 610.98 330, 965. 64 190, 620. 00 76, 341. 57 11, 700. 00 4, 675. 00 32,3^8.00 40,4-T3. 58 6, 367. 62 27,114, 323. 08 1, 828, 728.41 3, 600,770. 42 545, 000.19 693, 431. 41 2, 779, 314. G3 300, 278. 91 206,694.32 456, 946. 00 422, 269. 60 395, 932. 70 59, 332.18 447, 941. 00 433, 612. 04 86, 350. 83 74, 715. 51 252,563 50 294, 765. 99 25, 000.00 6,614. 00 92, 999. 70 2, 656.10 175.00 11, 667. 38 3, 743, 233.86 1,325,475.48 847, 241.88 326, 379.99 107,498.18 73, 623,595. 76 7, 616, 252. 54 9,828, 745.21 1,506, 320. 52 2, 278,075.12 2, 262, 923.40 29,392, 668. 39 2, 964, 860. 65 3, 254, 479.91 7, 252, 501. 34 2, 9e'8, 738.10 622,811.17 60, 688. 93 622, 811.17 780, 992. 59 103,016, 264.15 10,581,113."19 13, 083, 225.12 8,758,821.86 5,246, 813. 22 3,043,915.99 REPORT OF THE COMPTROLLER OF THE CURRENCY. 259 ITIES OF THE STATE BANKS IN THE UNITED STATES, AND THE BANK OF THE UNITED THE YEAR 1819. LIABILITIES. Deposits Capital. Circulation. Due to b a n k s . Public. Private. $1, 336, 783. 00 589,114. 00 2,474,107. 00 185, 342.00 738,192. 97 138, 234. 00 $34,609. 86 38, 857. 81 22, 348.49 $253, 582. 27 117,441. 26 2,510,194.44 46,121.77 464, 654. 08 53, 4? 1.40 16, 511, 977.96 5,461, 772. 97 202,157.45 20,488, 933. 00 214, 740. 00 8, 595, 788. 59 974,900. 75 86,290. 00 12,500, 000.00 110, 624. 00 3,919,894.80 405, 972. 62 44,435.50 j 25, 417. 00 37, 322. 84 5,525, 319. 00 838, 030.36 35, 885, 971.34 5, 212,192. 50 2 964 887 00 1. 800, 000. 00 ' 600,000. 00 321,112. 50 900, 000.00 1,545, 867.50 4, 307,431.56 17, 651, 491. 06 10, 822, 735. 71 943, 704.15 1, 697, 463. 21 202, 857. 07 140, 910. 00 250,000. 00 1, 203, 869.46 276, 288.50 52, 021. 00 135, 258. 50 191, 454. 22 191, 484. 95 119, 036.92 700,679.05 2, 291, 230. 28 1, 667, 437. 46 $1, 536, 666. 66 1, 005, 276. 00 10,475,116.68 44, 955. 00 2, 982, 026.12 467, 937.50 Undivided profits. 953. 44 1, 748.00 $39, 629.87 68, 789. 85 319,134.16 581.18 100, 059. 81 9,116. 24 3,445,425. 22 7, 561.99 537, 311.11 127,186.00 2, 880, 928. 33 211,454.37 27,153.41 15, 772. 00 1 009, 565. 53 177, 237. 75 1, 727. 91 24,784. 00 279,192. 39 145, 326. 78 2, 763.76 980, 510. 08 464, 393. 30 765, 510. 32 302,460.99 17, 818, 957. 28 1, 043, 249. 92 3, 711,115.41 1 969, 813. 51 754, 527.92 2, 733, 745. 88 3, 851, 919. 00 788, 200. 00 705, 203. 50 166, 686. 62 275, 447. 00 898,129. 00 1, 403, 404.71 37, 396.47 844, 659. 20 635,761.00 377, 163. 00 202,481. 76 70, 243. 92 212 980 01 262, 866. 22 1, 035, 653.18 88, 931.96 142.568.00 6^ 047. 50 109,215.54 29, 884. 00 1, 752. 25 72, 780. 80 315, 476. 00 278,102. 78 51,801.95 23, 653. 54 37, 740. 43 82, 253. 25 205,117. 47 3, 641, 808. 29 378, 399. 25 1, 066, 926. 22 262,999. 88 25, 264. 68 32, 568. 60 72, 973.00 578,891.91 104, 737. 23 88, 283. 28 9, 586.11 2. 994.49 10, 207. 33 1, 202, 655.14 393, 806.16 683, 629.14 111, 071. 21 2,469, 836.46 106, 341. ?9 888', 138! 79 17, 003. 71 $4, 860. 55 72, 340, 770. 64 35, 770, 903.42 3, 391, 766. 66 11,192,155. 08 3 039, 403.89 34,973, 828. 63 3, 810, 111. 40 2, 862,964.14 2, 631, 452. 76 817, 858. 33 1, 913, 431. 42 107, 314, 599. 27 39, 581, 014.82 6, 254,730. 80 13, 823,607.84 3, 857, 262. 22 4, 383, 267.88 260 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE YEARS. 1834 1834. KESOUECES. States, etc. No. of banks. Loans and discounts. Miaine . ............ New Hampshire Vermont Massachusetts Rhode Island Connecticut 20 24 17 103 58 21 $4,359, 874 3, 450, 820 1,870,813 47, 200, 477 9,607,285 8, 307, 824 Total Eastern States.. 243 X^ew York . Pennsylvania Maryland --- . . . . . District of Columbia 78 41 8 8 Total Middle States . . Virginia North Carolina Alabama Mississippi Tennessee . . . . . . . . . . . . Total Southern States. Total United States . . Notes of Due from other banks, etc. Real estate. banks. $455,975 Specie funds. 234, 980 365,000 355, 079 2,824, 985 262, 859 702, 979 $97,077 82, 359 15,485 867, 762 200, 725 169, 466 $132,701 92,623 66, 442 1,952,417 261,109 37, 724 1,119,417 74, 797, 093 609, 980 4, 601, 877 1, 432,874 2, 543, 016 1, 405, 533 57, 689, 704 31, 587, 030 8, 530, 786 3, 693, 720 395, 309 1, 390, 074 497,295 942, 703 9,560, 018 2, 636,166 430, 239 525, 371 1, 580,701 1, 211, 878 419.397 395,495 6, 088, 734 2, 678,175 924, 045 308, 953 3, 225, 381 13,151,794 3,607,471 9,999, 907 913, 476 399, 453 423,449 254,592 456, 062 649, 762 234, 378 68, 047 62, 609 592,998 77, 585 492,549 11,995 455,034 1, 014,796 1, 630,161 135 101, 501, 240 20 | 11 7<v;t n.^fi 3 1, 807, 209 5 6, 381, 595 1 5.461,464 1 2,117,371 30 Stocks. 27, 519, 697 408 203,818,030 $10,000 150, 641 20, 325 24, 000 194, 966 2,447,032 4, 030, 327 20, 200, 703 6,055,141 14,173, 084 $286,116 1,405, 533 1835.* Maine New Hampshire Massachusetts Rhode Island Connecticut Total Eastern States. 36 25 105 61 31 $6. 631.135 3, 805, 383 48, 342, 020 11,085,543 8, 899,656 258 78, 763, 737 New York New Jersey Pennsylvania District of C o l u m b i a . . . 61, 968, 094 43,189 28, 395,900 > 3.115,524 Total Middle States . 156 I 93,522,707 Virginia South Carolina Georgia Florida Alabama Mississippi Louisiana Kentucky Tennessee Total Southern States Michigan Total W e s t e r n States Total United S t a t e s . . 45 $149, 752 365,000 $110,323 86, 890 922, 544 171, 680 176, 521 $287, 629 110,508 2, 097, 798 379, 618 52, 632 1,249,408 514, 752 5,614, 336 1, 467, 958 2, 928,185 1, 758, 262 551,568 12, 241, 905 6, 805, 045 670,363 8, 736 2, 600, 044 263,731 1, 594, 937 28, 528 1, 633,159 268,425 3,025, 099 15,105, 680 3, 525, 049 9,509, 957 975,162 932, 816 614, 664 8,385 1,404,342 353, 252 2, 850, 701 15, 357 449,454 633, 093 63,519 306, 033 14, 947 81, 622 128, 208 75, 705 231, 046 31, 641 458,921 499,023 703, 963 16, 220 382, 892 158, 410 40,670 30, 822 166,377 7, 604,133 1, 565, 814 2,106, 819 366, 712 11. 277, 304 3, 886, 441 7,714, 851 233,209 9, 219, 586 10, 379, 650 37,388,839 861, 211 6, 040, 087 128,715 473,973 1, 229, 662 7,959 87,001,178 1, 897, 239 85, 707 9,751, 973 531,843 313,902 1, 336, 225 Missouri Ohio Indiana Illinois 9, 471 3, 797,927 290, 290 846, 648 12, 019, 650 575 271,307,272 16,930 40,000 2,500 2,500 20,040 1, 433,836 29, 417 209, 396 272, 210 1, 964,899 5,439, 590 30, 289, 048 * Incomplete. $508, 854 2,366,852 338, 060 2,457,298 | 108, 501 1,715 4,671 22,794 322, 338 1, 272, 268'. 78,150 20,150 121,445 137, 681 1,814,351 . 679, 099 41,305 41,305 6,696,502 16,709,791 { 2,478,666 REPORT OF THE COMPTROLLER OF THE CURRENCY. 261 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES IN THE TO 1863. 1834. LIABILITIES. EESOUECES. Specie. Other resources. $137,420 354, 390 50 958 1,160, 296 467, 407 118, 640 $18, 440 . 13,652 2,289, 111 32, 092 Capital stock. Circulation. Deposits. $293, 000 2,454, 308 921,815 29, 409,450 8, 041,132 6, 851, 909 $1, 358, 914 1, 068,145 1,463, 713 7,650,147 1, 251, 435 2, 407,496 $704,079 314, 971 180, 792 13,308, 059 2, 273. 237 1,167, 964 liabilD u e to banks. Other ities. $103, 598 2 082 2,393, 301 153,891 50, 609, 614 15,199, 850 17,949,102 2,652,872 2, 657, 503 2, 909,105 595, 205 432, 077 27, 755, 264 17, 061, 944 5, 270,091 3,337,305 17, 820, 402 10,366,232 1,433, 698 1,109, 389 19,119, 338 9, 819,140 3,125, 035 1, 247, 655 10 590 265 2, 720, 349 596, 236 391, 822 6,593,890 53,424, 604 30, 729, 721 33,311,168 14, 298, 672 937, 751 78, 507 477, 992 113,220 86,455 5, 694, 500 1, 372, 325 4, 308, 207 2, 666, 805 1, 243, 827 5, 598, 392 958. 934 2,054,471 1,510,426 1, 520, 880 2, 875,774 421,012 1,108, 468 545, 353 125,486 634,392 56 817 292, 817 1, 020, 911 73,467 1, 693, 925 10,576,926 403,232 403, 232 15,285, 664 11. 643,103 5, 076, 093 2, 078,404 435,324 119,319,882 57, 572, 674 56, 336, 363 19, 029, 948 1835.* $18, 078 16, 904 $3, 785, 000 2, 555, 008 30,410, 000 8,750, 581 7, 350, 766 $2, 346, 076 1, 347,124 9,430, 358 1, 644, 289 2, 685,400 $1, 402,145 437, 797 12, 921, 701 1,699,089 1,257,030 3, 490, 098 189,486 25, 673 $2, 000 2,039, 733 34, 982 52, 851,355 17,453, 247 17, 717, 762 3, 954, 336 2,000 7,169,949 27, 813 11, 344 29, 497 68,654 16,199, 505 30, 247 7,569, 561 692,536 20, 088, 685 20,532 8, 965,311 1,125, 618 16, 551, 841 3, 421,920 474,199 30, 481, 460 50, 000 17,737, 064 2,613,985 50, 882, 509 24, 491,849 30, 200,146 20, 612, 001 5, 593,198 2,156, 318 3, 69l, 329 133,531 3,472,413 2,418,475 5,114,082 87,564 3,189, 220 3,115, 974 1, 600, 956 1,014, 674 67. 215 1, 247, 926 1, 888, 762 7,106, 628 7, 828 664, 002 149, 990 499, 827 6,441 1, 008, 578 680, 987 3, 997, 667 8,147 119, 795 1, 339, 8:51 206, 353 119,165 25, 859,130 16,713, 965 , 6,471,432 1, 937, 324 5, 221, 520 456, 065 178, 810 636, 676 526, 398 2, 090, 065 127,236 123,695 686, 450 55,727 667, 942 3,985 5,739 15,729 3, 553, 844 $207,765 1,136,444 566, 416 129,108 11,066, 068 1,160,401 754, 219 1,781,835 14,312 916,135 359, 302 2,824, 904 2,284 290,472 2,531,684 70, 261 383,391 5, 840, 000 2, 288, 030 6, 783, 302 114,320 5, 607, 623 5, 890,162 26, 422,145 792,423 2, 890, 381 8,103,864 3, 252, 363 56, 628, 386 267,027 155, 341 1, 707, 835 751, 083 243,223 112,419 132,917 5, 819, 692 800, 000 278, 739 658,980 2, 969, 901 179,156 7,557,411 6,493, 071 24,179, 566 3,535,155 167,919, 661 74, 297, 297 44, 531 1,708 * Incomplete, 68,185,717 $249, 079 3,722,479 337, 681 749,122 31, 786, 891 4, 886, 845 1,000 615, 510 5, 503, 355 25.611 10,000 186, 364 213,713 200, 000 413,713 7, 856, 392 262 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWINO B I STATES, ETC., THE NUMBER OF STATE BANKS IN THE 1836. EESOUECES. No. of banks. Loans and discounts. States, etc. Maine NewH ampshire. Vermout Massachusetts.. Connecticut 55 26 19 117 31 Total Eastern States.. Total Middle S t a t e s . . . 151 ,121,492,352 4,458,183 21,024,100 14, 329, 680 3, 441, 241 16, 316, 319 15,138,142 2, 340, 850 15, 020, 505 19,124,977 51, 234,158 8, 818, 406 9, 862,921 Virginia North Carolina South Carolina Georgia Florida Alabama. Mississippi Louisiana Kentucky Tennessee Total Southern States. Illinois Michigan \ Total Western States Total United States.. $383, 700 46,609 5,126, 901 582, 703 35, 987, 776 9,520, 683 3,157, 782 727267li 155_ 155,627,199 976,185 17,079, 714 32 2, 004, 683 11 1. 203, 763 7 10 2, 099, 688 T "iris" Real estate. $650, 962 383,700 I 6,407,175 803,159 15,991,168 1, 621,018 2, 834, 073 1,705,706 1, 669, 711 328, 300 529,148 248 ! 83, 296, 734 New York Pennsylvania Maryland District of Columbia Missouri Ohio Indiana $7, 821,023 4,501, 701 2, 594, 675 56,643,172 11, 736,163 rom Stocks. 167,166 984,198 1,236, 749 600, 000 . 807,568 1, 690, 000 584, 092 6, 069, 2, 264, 746 674, 213 2, 014, 435 1, 303, 029 213,900 1,441,198 599, 343 3,460, 917 587, 611 1,152, 634 773 13, 712, 026_ 109, 049" 3, 318. 708 1, 278, 223 55,689 1, 671, 325 23, 364, 033 383, 780,318 10, 911, 6, 432, 656 47, 576, 994 295 Notes of other banks. Specie funds. $129, 831 87, 622 40,502 1,140, 005 191, 056 84,949 126, 048 $801, 913 3, 428, 853 63,094 1,770,118 1,589,016 3,969, 550 2,572, 031 1,811, 925 107237T57I 1, 699, 579 3, 971, 270 715, 366 464, 903 318,684 320, 074' 1, 277, 886 4, 295, 091 115, 244, 284 560729T 629, 141,164 107, 902, 255 148, 1, 016, 322 309, 280,562 15, 429, 436 140, 543, 085 196, 1,680, 565 3, 611, 1, 659,168 169, 206, 518 59, 1, 277, 886 5, 388, 675 7,419, 366 223,375 17,214 8,296 25, 707 2, 725, 262 557,612 69, 983 200, 710 274,592 3, 787, 11,547, 374 30, 420, 238 438 3,849,917 1S37. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut 53 27 19 129 62 31 $7, 066, 350 4, 829, 562 2, 405, 249 58,414,182 13,401, 344 13, 246, 945 Total Eastern states.. New York New Jersey Pennsylvania Delaware Maryland District of Columbia 321 99,363, 632 569.378 8,239,103 1, 781, 438 4, 079, 433 85, 029 79, 313,188 1, 794,152 18, 832, 254 '272637857" 12,487, 610 3,268,646 6, 700,072 669, 211 70, 845 ' 150, 513 344, 560 44, 601,933 1. 551, 908 4, 697, 053 1,740, 242 4,147, 647 1, 470, 687 193,126 277,284 83,035 88, 372 14, 986, 487 1, 678, 515 1, 396, 558 530,141 1, 521,432 4, 204, 512 220,152 433,233 306, 073 394,406 Total Middle states... Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Kentucky Tennessee Total Southern states. Missouri Ohio Indiana Illinois Michigan 25 49 4 21 7 $599, 894 431,693 5, 814, 224 143, 362 45], 978 416, 016 941,314 $10,000 $137, 604 $155, 566 80,444 154, 306 53, 793 33, 728 1,155,723 2, 988, 617 430,426 198,056 296,725 175,883 204 151, 276, 879 5, 508, 698 26, 305-, 593 5,073,861 118,984,027 23 10 12 32 4 7 18 47 14 7 77 5, 769, 094 276, 734 V7 681, 076 18, 899, 838 1,402, 226 882,473 16, 692, 215 1,253,334 1, 941,452 2,444,642 152, 430 408, 887 18,133, 788 126, 373 24, 351, 414 52, 000 1,343, 647 59,108,741 100, 000 3, 607,412 11,631,475 2, 066,000 •1, 945, 015 10, 960, 368 790, 379 797,137 632, 710 181. 675 123,424 819,143 210,191 1, 230, 047 1, 571, 377 76,334 14, 969 7,655,060 8, 265, 201 508, 204 4, 597, 579 1,457, 204 620, 790 14, 250 1, 496, 583 449, 064 271, 558 1, 710, 827 487, 753 48,901 268, 653 14,179 37, 064 308, 305 14, 250 371,702 3, 224, 602 64 I 28,802,229 8, 680, 360 3, 268, 646 223,700 465,430 • 638,148 4,761.168 2, 467, 229 147, 073 1, 301, 518 70,048 412, 640 174 1186,013,004 I 5,302,724 15, 380, 919 1, 398. 811 18,178, 699 3,179, 271 3. 098, 751 2, 946, 697 $85,0'J9 21:3,700 Total Western States. 763 465,455,744 11, b'95, 050 1587605, 975~14, 882,061 34,553, 263 3, 577, 375 Total United States .. REPORT OF THE COMPTROLLER OF THE CURRENCY. 263 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—nontinued. 1836. LIABILITIES. RESOURCES. Specie. Other resources. $387,169 535, 960 76, 802 1, 455, 230 $139, 454 Capital stock. Circulation. Deposits. liabilD u e to banks. Other ities. $279,479 $5, 226, 700 2.663,308 1. 125. 624 34; 478.110 8, 519, 368 $1, 912, 418 1, 526,112 2, 086, 860 10,892, 249 3, 874, 212 $1, 665, 277 816 570 348, 875 8,784, 516 1,465,977 23, 874 5, 063, 887 488, 793 $26,701 153,124 2,455,361 6, 224, 646 3, 876, 868 972, 090 643 582 139,454 442,696 43. 477 103, 650 52, 013,110 31, 281, 461 18, 858, 482 7, 662, 639 2,339,738 20, 291, 851 21,127, 927 10, 932, 023 1,923,055 961, 798 13, 081. 215 29, 532, 616 13, 347, 977 3, 264,186 3,385,523 5, 856, 033 19, 783,482 4, 097, 333 2,004, 560 460, 768 179, 825 4, 068, 891 434, 844 11, 717,186 1, 552, 528 314. 896 2, 500,427 2, 602, 595 39. 0;7 1, 562. 494 659. 470 2, 607. 587 1,199, 354 211, 976 589,823 3,482 115,219 237, 769 191.978 90,350 205, 002 1, 465, 011 6, 279, 650 113,218 41, 567 60,142, 320 6, 511, 300 1, 769, 231 7, 936, 318 8. 209, 967 1,484. 385 6, 558. 969 8, 764; 550 .34, 065. 284 5,116, 400 4, 546, 285 34, 944, 803 8,182, 763 2, 050, 518 7,488,727 7, 971, 587 714,589 6,172,107 4,490, 521 7,130, 546 3, 819, 480 4, 205, 508 47, 530, 302 3, 548,414 655,311 4, 021, 210 3, 295, 930 449, 451 3,152, 047 6, 401, 518 11,744,712 1, 925,101 1, 514, 065 26, 346,143 457, 685 193,181 1, 8(53, 376 1, 074, 247 221.165 1,123, 864 1, 027, 020 7,161,452 1,149, 969 392, 568 4,517,531 2,423 41, 630 1,125,497 349, 000 47,506 1, 556, 837 2,106, 688 4, 091, 574 1,769, 017 1, 087, 381 13, 250, 364 371. 598 2, 924, 906 869, 839 279, 670 172, 071 8,743, 246 2.044 29,075 226,404 4, 465 100, 472 84, 962, 689 52, 226, 346 9, 675,644 1,981,650 653,661 1,184, 498 36, 707, 759 1, 382, 262 6,125, 614 1,673,887 252, 734 2,114,943 14, 664, 527 297,928 1,420, 613 78, 823 13,175 52,922 12,177, 553 8, 369, 744 1, 279, 857 478, 220 909, 779 4,618,084 32,040, 795 362, 460 9, 834,983 11, 037, 600 208,155, 719 13,495, 453 120, 958,453 13.t>49,440 108^868,716 1, 863, 461 48, 730,164 1, 274. 397 18,149, 306 $251, 294 790,175 97,333 1, 517, 984 243, 482 415,386 $1, 366, 785 1,662,953 1,457,441 10, 273,119 1, 864,132 3, 998, 325 61,202, 345 i, 1*7, 374 282, 283 14,059,449 2,113. 270 1, 484,966 $321, 566 $23, 942 56, 019 $5,157,250 2, 839.508 1, 274,970 38, 280,000 9, 837,171 8,744, 697 44,112 5, 721,970 603,974 639,824 3, 315, 654 6, 557. 020 336,132 8,113, 990 161, 860 1,139, 347 438, 327 79, 961 1,123, 225 8, 028 2,178, 211 2,312 65, 543 75, 912 66,133, 596 37,101,460 3,970, 090 23,750,338 817. 775 10.438, 655 2, 204,445 20, 622,755 24,198, 000 1,755,829 13, 794,014 806, 665 3,310, 835 1,136,557 20, 289, 687 30, 883,179 1,139, 827 12, 902, 251 410, 824 4,840,477 1, 950, 736 7,331.446 20,462, 823 388, 512 7, 224,953 69, 263 1,443. 476 597,235 288,130 7, 078,167 532,032 1, 411,498 11,746, 676 3,453, 231 78, 282, 763 45, 001,900 52,127, 294 30,186, 262 9, 729, 895 1,624, 899 883, 011 1, 664, 786 2, 860, 326 108, 063 1,572, 246 1,369,457 3,108, 416 1,456, 384 378, 930 1,218 6, 731, 200 2, 525, 000 8, 636,118 11, 438. 828 2, 046. 71G 7, 572.176 12, 872, 815 36, 761), 455 7,145, 326 5,092, 665 9,107, 347 3, 319,428 7, 223, 616 8,058, 739 701, 801 7,090, 819 5, 073, 425 7, 909, 788 4,105,155 4, 272, 635 5, 309,554 1, 387,120 5, 048, 477 2, 943,632 442,097 3,073, 979 5, 345,384 11,487,431 3,428, 666 2, 230,833 548, 391 262, 070 1, 885,173 1, 546, 834 136, 898 1, 839, 237 2, 226, 677 11, 817, 341 1, 635, 924 236,937 294, 747 1, 723, 817 893, 422 1,733, 682 380,495 100, 830, 293 56, 862, 753 40, 697,173 22,135, 482 6, 241,163 8. 326,974 1,970, 595 1, 565, 373 1, 350, 325 2, 262,900 7,590, 933 2, 738,405 828, 644 2, 379, 380 299, 749 1, 471, 659 66, 867 37,342 218, 035 63,777 1,681 13, 796 921,665 128, 392 200, 000 25,000 1837. 15,027,118 442, 392 187, 016 59,881 5,000 528, 876 25,000 1,249, 383 3,241 222, 924 3,153,334 1, 204,737 590, 794 564,275 270,197 11, 070 28,161 5,736,064 312, 669 14,247,537 13, 213, 267 15, 800,262 , 2,093, 652 5,095,244 35,825, 512 259,494,189 135, 700,675 128, 914, 416 61, 746,842 9, 247, 296 1, 585, 481 2,014, 760 1,400,000 $288,130 705,139 3,059 803,578 377,967 33,455 65, 458 16,324,646 264 REPORT OF THE COMPTROLLER OP THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THUS 1.S38. RESOURCES. States, etc. No. of banks. Loans and discounts. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States. New York .,. New Jersey Pennsylvania Delaware Maryland District of Columbia . . Total Middle States . Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Arkansas Kentucky Tennessee Total Southern States Missouri Ohio Indiana Illinois Michigan "Wisconsin Total Western States Total United States - 50 27 19 120 62 31 ~309~ Maine N e w Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States. New York New Jersey Pennsylvania Delaware Maryland District of Columbia- - Total Middle States . Virginia N o r t h Carolina South Carolina. Georgia Florida Alabama Louisiana Arkansas Kentucky Tennessee Total Southern States Missouri Ohio Indiana Illinois Michigan "Wisconsin Total W e s t e r n States Total United S t a t e s . . 50 28 19 118 62 31 Stocks. $367, 392 531,638 11,846 5, 027. 800 604, 631 730, 283 $128,154 82, 250 36, 699 1, 066, 327 2, 7957207 1371967195 2,438,001 645,909 1, 345, 312 193, 333 /5507240 25,3727906 636, 404 127,424 211, 759 2. 358, 781 466,134 158,499 1, 618, 676 4, 235,476 185,^89,167 1,034, 852 45, 274 17, 212, 694 1, 340,338 3, 556, 341 281, 393 4, 416, 577 234,145 3, 773, 370 569, 011 45, 908 152, 676^ 30,1467510 786 1427,120, 811 17,8il702T 473,895 177,763 533,356 512, 048 107,392 117,625 058, 274 508, 701 450 50,101 387,427 97, 301 27,533 123,1.3 223,930 864,597 209,185 70, 718 233,031 27,432 $190, 210 83, 430 38,975 1,141,595 $170, 205 128, 816 92, 684 1, 552, 070 342,409 223,190 2,509, 374 1839. 68, 300, 486 6, 725, 742 37, 613, 266 1, 643, 249 15,844,163 3, 221, 299 199 133,348,205 27 10 13 38 7 7 16 3 16 22 159 $5,160 $590,769 119, 740 567, 269 238,794 692,169 6,189, 500 1, 693, 004 590,769 911,623 14,122, 940" 2, 557, 655 3, 907,137 2, 838, 694 3, 002, 297 1,857, 700 374, 449 1, 288, 315 3,653,815 1, 705. 682 3, 483, 977 188,164 209, 814 78i 966 158, 497 1,899, 352 1,933,601 553,818 1, 358, 239 236, 661 245,186 270,336 217,492 7, 526, 412 22, 023,056 "5745373I6" 9, 499, 791 2, 838, 694 659,391 1, 467, 302 760, 596 571,025 132,149 1, 090, 936 1, 393, 861 166, 025 1, 682,445 1,138,115 1,442, 220 337, 840 244,833 247, 225 8,828 1,799, 278 1,119, 871 1, 723, 244 106,180 59, 612 1, 421, 067 861, 798 1, 037, 349 1,341,317 9, 865. 339 7, 854, 057 8,828 422, 792 5937350" 1, 588, 623 1,180,379 226, 521 155, 813 144, 386 701, 290 331,860 3, 263, 750 57,158 623,948 340,129 84,130 166, 663 411^656 2,501,73T 3, 347, 880" 3^563,17T 1779257823" 41~6il70G9" T370097048 22, 364, 953 I 3,438; 291 REPORT OF THE COMPTROLLER OF THE CURRENCY. 265 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1838. RESOURCES. Specie. $271, 981 148, 793 157, 033 2, 394, 624 474, 278 535, 447 3, 982,156 4,139, 732 418,992 3, 726^ 343 122, 810 1, 259, 908 318, 354 9, 986,139 1,366,582 705,389 1,323, 779 2, 659, 723 161, 310 695, 966 766, 360 2, 729, 983 96. 455 1, 716 489 595,667 12, 817, 703 628,167 2, 674,212 1, 221,181 684, 487 435, 073 83,494 5,726, 614 32, 512, 612 LIABILITIES' Other resources. <"$309, 979 250, 205 560,184 6,012, 661 380.117 2, 782, 433 2, 337 57, 649 169,793 9, 404, 990 123,305 34,495 98, 325 493,239 122,412 213, 380 4, 731, 925 1, 791, 030 141, 052 321, 301 345, 792 8, 416, 256 67,335 298, 658 4,944 253, 681 624, 618 19, 006, 048 Capital stock. $4,984, 000 2,839, 500 1, 304, 530 34, 630, 000 9, 852, 353 8, 754,467 62, 364, 850 36, 611, 460 4, 997, 012 24, 745, 405 990, 668 11, 249, 319 2,175,970 80, 769, 834 7, 005, 356 2, 980, 640 7, 947, 419 12, 036, 748 2, 387, 585 8, 399, 248 19,231.123 39, 943; 832 413,105 8,499, 094 5, 309, 454 114,153, 604 607, 398 11,331,618 1, 900, 687 4, 673. 050 1, 918! 365 119, 625 20, 550, 743 277, 839, 031 Circulation. Deposits. $1,177,555 1, 111, 074 2, 043, 843 9,400, 513 2,154,524 1, 920, 552 17,808,061 12, 432,478 1,345.241 10, 569; 649 668, 386 3, 002,085 764, 822 28, 782, 661 7,178, 776 2, 267, 793 4,456, 618 7,459, 563 621, 393 7,235,110 7, 472, 334 7,558, 465 8,100 3, 600, 570 2, 621,185 50, 479, 907 94, 000 6, 221,136 2,308,130 1, 990, 993 1, 724, 409 141, 363 12,480,031 109,550, 660 Due to banks. $826, 806 $278,985 466, 092 330, 772 4,973 9, 621, 217 3, 526, 687 1,395 466650, 667 869, 801 224, 378 13, 510,154 4, 685, 690 15, 895, 684 15,221,487 495, 993 820,805 8, 786,192 8,032, 787 45 587 473,235 2, 689, 978 3,401,238 1, 222, 052 553, 511 30, 599, 206 27. 039, 343 3, 028. 954 342,568 756, 591 187,774 3, 490, 206 698, 765 2, 789, 675 2, 414, 223 417,191 173, 404 5,109, 247 2, 216. 762 4, 638, 669 3, 039, 201 7, 426, 468 9,131, 466 87, 242 2,159, 700 872,112 1, 502, 271 660, 513 31,406, 214 I 19, 736, 788 748, 655 312, 761 4, 071,975 481, 344 136, 647 952, 009 348, 995 789, 562 196, 366 1, 313,289 163 43, 228 7,918,718 i 1,476,276 83, 434, 292 52,938,097 Other liabilities. $201, 205 69, 565 360, 770 6,142, 047 4, 365,176 3, 996, 340 1,105, 065 15, 608, 628 1, 600, 386 1,610,411 405, 422 637, 376 1,293, 351 3, 505, 364 3,748, 343 102,095 1, 245, 005 2, 370,481 16,518,234 297, 808 1, 509, 459 5,720 188, 830 113, 959 9. 435 2,125, 217 34, 612,849 1839. $241,951 187,961 129, 319 1, 838, 272 462,002 502,180 3,361, 685 6,602,708 433, 778 3, 282, 213 141, 589 1, 679, 066 415, 573 12, 554,927 2, 360,423 723, 875 2,000,149 2, 531, 737 188, 288 1, 687, 046 3,987, 697 316, 045 1,613,133 1,177, 969 16, 586, 362 691,070 2, 616, 814 1, 345, 832 989,172 290,058 65, 680 5, 998, 626 38, 501, 600 *$278, 869 286, 351 565, 220 1,139, 662 421, 882 2, 317, 603 148, 910 175, 910 4, 203, 967 48, 714 25,935 241, 093 112,705 989, 563 6,062, 271 65, 918 26, 239 7, 572, 438 122, 251 103, 346 221,216 187, 513 634, 326 12,975, 951 $4, 771, 500 2, 939. 500 1. 325, 530 34, 485, 600 9, 868, 773 8. 832. 223 62. 223.126 36,801.460 4.009, 930 23,866,211 1,071,318 11, 419, 999 1, 855, 790 79, 024, 708 8, 074, 456 3,100, 750 8 952 343 16, 037, 315 2, 322, 552 11, 996, 332 40, 930, 376 628,105 8, 918, 204 6, 488,192 107, 448, 625 1, 027, 870 10,153, 846 2, 216, 700 5, 435. 055 3. 018, 701 139, 125 21, 991, 297 " 270, 087, 750 $1, 909, 097 1, 510, 691 1, 966, 812 7, 875, 322 1, 886,108 3, 987, 815 19,135, 845 19, 373,149 1, 795,188 11, 384,151 708, 053 3, 798, 067 950,132 38, 008, 740 8, 231, 918 2,114,140 4,566,327 5, 639, 708 867,009 6, 779, 678 6, 280, 588 461,775 5, 418, 320 2, 607, 830 42, 967, 293 671, 950 8,157, 871 2, 951,795 3, 729, 513 969, 544 235. 573 16, 716, 246 110, 828,124 * Includes real estate. $927, 281 522 036 308, 349 6, 728, 717 1 554.905 1, 285, 867 11, 327,155 18, 370, 044 847, 435 8,100, 675 402,326 4,219, 932 1, 397, 399 33,337,811 3,106,136 588, 389 2, 732. 583 2, 309, 554 820, 324 4,919,598 7, 657,161 134, 369 1, 862,495 863, 472 24. 994, 081 1,101, 638 2, (380, 604 490, 617 1, 591, 535 1, 298, 598 109, 967 7,272.959 76, 932, 006 $172,143 16,867 2, 428, 021 875, 296 307,567 3, 799, 894 15, 344, 098 157, 639 3,819,604 57, 898 2,151, 469 327,008 21, 857, 716 1,107, 937 156, 436 1, 308, 206 2, 347, 774 307, 751 2, 257, 512 8,119,708 8,537 1, 029, 467 755,489 17, 398, 817 481. 973 1,254; 879 269, 905 533, 494 390,997 2, 931, 248 45, 987, 675 $50, 059 56, 059 4, 587, 600 5, 796, 356 3,157,791 1,138, 590 3, 059 14, 683, 396 1, 452, 717 1, 921,127 1, 403, 825 1,162,141 1, 574,179 3,522, 093 972, 803 2, 961, 399 14,970,284 123,159 270,008 7LM94 1,104, 561 30,814,300 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC.. THE NUMBER OF STATE BANKS IN THE 1S4O. States, etc. No. of banks, j Loans and I discounts. Maine New Hampshire Vermont Massachusetts Ehode Island Connecticut Total Eastern States. . New York New Jersey Pennsylvania Maryland District of Columbia Total Middle States .. Virginia North Carolina South Carolina Georgia Florida Mississippi Louisiana Arkansas Kentucky Total Southern States. Missouri Ohio Indiana Illinois Michigan "Wisconsin Total Western States. Total United States .. Notes of Due from other Stocks. |banks, etc. Heal estate. banks. I 49 $5, 901, 611 27 4, 099, 612 17 2,011,296 115 46,513,685 62 12, 561, 215 31 10,428,630 I $538,300 301 96 26 49 21 81,516,049 i $333,515 337. 620 373' 343 4, 702, 491 312. 937 902,028 538,300 j 6, 961, £ 52, 788. 206 3,653,170 ! 6,543,125 4, 938, 780 25,128 ! 710, 475 34, 806, 841 1,381,319 i 2,682,823 13,593.642 1,910,092 ! 1,611,042 2,575, 613 230,868 i 236,622 198 108, 698,082 j 7, 200, 577 111, 784, 087 27 10 14 39 15, 596, 5, 047, 18.347 18, 783, 4, 737. 48, 333, 49,138, 3. 956, 10. 522, $257, 880 76, 893 38,126 1,169, 803 322,225 287, 324 $11,589 2,152, 251 2, 838, 450 11,589 2, 937, 695 4, 401. 400 2, 310,161 324,989 257, 052 1, 713, 758 2, 668,141 505, 290 1,116, 667 228, 485 188,278 5, 710, 217 8, 631, 538 2, 310,161 713, 859 428. 690 1, 204, 284 1, 485, 957 497. 261 43, 767 222,892 262, 231 298,742 i, 577, 712 986, 864 1. 785. 304 1, 785, 049 4. 217, 493 2,140,161 69, 370 102. 845 759. 000 97, 426 3,573,829 4, 638, 258 4, 839, 383 1, 693, 975 782, 701 247. 651 7. 428. 395 25,'025 ! 203,138 237, 649 500.000 48, 052 576,997 ! 348, 477 2, 706,000 1, 342, 284 169 1169,463, 686 il2,106,129 11, 324, 418 i 17, 999, 08,3 2, 077, 841 303. 611 13,414,087 1, 501, 585 891.590 4,581,486 208,801 294, 000 5. 930, 258 2, 544. 750 759,537 2,152, 954 223, 599 5,570 133,670 3_L065_ 28,290.296 I 4.345,905 "2, 417, 703_ 741 387,968,113 24,190,911 3274887142" 6, 288, 553 | 26, 806,860 ~i 19, 428, 013" 1841.* Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States. New York New Jersey Pennsylvania Delaware Maryland District of Columbia... Total Middle States . Virginia North Carolina South Carolina Georgia Alabama Louisiana Arkansas Kentucky Tennessee Total Southern States Missouri Ohio* Indiana Illinois Michigan "Wisconsin Total Western States Total United States.. Specie funds. $600, 804 389, 759 594,718 4, 461, 046 603,938 1,192, 403 4,630, 392 40, 098 4. 400,214 59,411 939, 953 219, 989 104,216,417 110,290,057 10, 061, 002 1.138,043 4,708,176 395, 082 2, 007, 906 122, 210 1, 440, 684 538, 784 538,869 988, 402 1, 499, 693 1, 816, 630 117,310 500, 000 , 935, 200 1, 213, 525 168, 921 kl 0 1 ! 8 9 6 ,370,669 9,450,793 2, 222, 293 1, 339, 688 1,628, 203 9, 878, 328 3, 689, 595 294, 000 5, 454, 938 2,128, 629 1, 713, 769 74,541 224,365 227589, 198 * Incomplete. 80,580" 223,629 534,421 75,512 1M04 9287546" 3074177605" J23, 012, 600 203,138 REPORT OF THE COMPTROLLER OF THE CURRENCY. 267 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES,—Continued. 1840. LIABILITIES- RESOURCES. Specie. Other resources. Capital stock. Circulation. Deposits. D u e to banks. Other liabilities. $63, 402 $4, 671, 500 2, 837. 508 1,196, 770 33, 750, 000 9. 880,500 8, 806, 204 $1, 224, 658 1, 088, 750 1, 099, 784 9,112, 882 1, 719, 230 2, 325, 589 4, 538,104 63, 402 61,142, 482 16, 570, 893 11, 647,493 4, 879,139 5, 864, 634 414, 807 2,798, 002 1, 319, 559 199, 472 1,081, 967 42, 693 3, 944, 911 72, 555 257, 806 36, 801, 460 3, 822. 607 24, 206, 405 10. 526. 494 1, 768, 074 10, 629, 514 1,415, 708 9, 338. 636 3, 079. 241 636, 727 16, 473, 235 808, 708 7, 524. 387 • 3,186,438 987,123 7. 055, 584 207,020 2, 015, 220 1, 859,174 258, 878 5, 399, 932 77,125, 040 25,099,826 28, &79, 891 11, 395, 876 13.190 30,273 373, 744 328,102 173. 490 3,863.649 7,911,363 10,139. 406 3.154,761 11, 584, 355 15,098.694 3, 976,121 30, 379, 403 41, 736. 768 3. 495, 857 9, 329, 088 6,707, 701 2, 246,181 4,439,404 5, 518, 822 418,778 15,171, 639 4, 345, 533 1,139,120 3, 940, 333 2,819,295 525, 387 2, 279,218 1, 985, 413 421, 274 8, 691, 601 5, 415, 230 367, 331 1, 049, 648 816,144 206. 040 1, 062, 556 1, 299. 703 133, 675 7, 065. 499 3, 831, 947 16,898 1,156,192 2, 795. 469 582. 937 607.415 1, 532. 220 5, 949, 906 $195, 699 193.359 120, 315 2, 991, 804 537, 895 499,032 10,596,474 1, 889. 568 586, 628 1, 847, 498 1, 300, 694 46.188 807, 977 2, 847, 497 227, 867 1, 261, 500 27, 500" $669,199 420, 801 238, 574 8. 636, 923 818,470 863, 526 $76, 712 3, 961, 800 546, 856 293, 765 $583. 748 80. 987 604, 735 3, 773, 355 26, 021 3, 576, 544 765,888 28, 372 8,170,180 49, 290 596, 437 12, 721, 311 128. 894,453 43, 927, 511 23, 554, 397 15, 588, 654 12,173, 734 562,902 1, 752. 446 1, 076. 551 756, 964 42,784 41, 397 4, 233, 044 5. 060 1,327^455 717,782 175, 750 117, 000 2, 448 2, 345,495 1,116,123 10, 507, 521 2. 671, 618 5i 423,185 1,229,200 100, 000 21,047,647 410, 740 4, 607,127 2, 865,568 3, 724, 092 261, 296 109,185 11, 978, 008 1,174, 532 2, 017, 360 472, 748 805, 244 342, 760 9,591 4, 822, 235 529, 441 683.552 148, 829 230; 707 96, 325 85 1, 688, 939 19. 743 1, 348. 540 1,939 24, 891 613, 887 30, 243, 039 20, 530,140 288, 209, 622 97,576, 238 33, 552, 608 23,017, 649 $4, 371, 500 2, 735, 000 1,116, 026 33, 360, 000 9, 823, 558 8, 826, 382 60, 232,466 $1,754, 390 1,229,708 1,599,458 9, 509,112 1, 565, 880 2, 784, 721 18, 443, 269 36, 401, 460 3, 834, 816 23,120, 730 881,648 10, 214, 908 1, 745,155 76,198, 717 10,875,417 69,004,016 2, 009, 000 1841.* $269 730 194, 311 94, 507 3,111,837 327,206 454,298 4.451,889 5,429,622 436, 049 3, 280, 207 155 691 1, 556, 020 245, 629 11,103.218 $15,408 233, 397 160,149 408,954 861, 643 60, 243 3, 725, 078 137, 311 87,637 4,871,912 2, 318, 791 802,709 1, 608, 537 685,183 1, 589, 510 3.163, 243 203,813 1, 328. 093 979^81 12,679, 860 55, 341 4, 076 107,212 233. 505 434, 904 509, 597 1,052. 767 1, 076, 551 942, 895 123, 635 23, S()8 2, 6KS. 692 717,782 3, 705, 445 124,402 959. 440 160,172 80, 537 3, 670, 991 10, 283, 623 3, 225, 000 11,782.358 12,100,180 14, 379, 255 41,711,214 3, 532, 706 9, 386, 856 8. 035. 581 115, 036. 773 " 1. 178.866 8. 103, 243 L», 071, 618 5. 386, 765 1,000,000 100.000 18, 440, 492 15, 235, 056 2, 099, 069 6, 983, 085 860 963 2, 529, 843 121,975 27,829, 991 $870 745 420 532 217, 373 7,144, 899 1,455 682 1,182, 583 11, 300, 814 17, 053, 279 1,074,843 9, 833, 476 312 247 3,136, 979 653,386 32, 064, 210 10,374.682 211,307 4, 885, 611 28 209 1, 860^015 268,197 17, 628, 021 2, 937. 485 6, 852,485 2, 092, 877 3, 008, 514 1, 728, 042 7,211,141 6, 443, 785 995,905 4, 453, 559 3.727.515 36,513,823 2, 754, 630 489,188 1, 712, 745 980, 428 2, 827, 622 3,094.730 146, 018 1,213,078 1,109,719 14.328. 158 872,152 90, 363 589, 597 681,948 1,486, 345 7, 090, 815 28, 308 766, 983 559,088 12,165,599 725, 743 92, 000 521, 297 1, 060, 669 2,152, 508 7, 777, 812 250, 000 138, 655 428.155 13,146,839 348.530 3,584,341 2, 865, 568 4, 367, 829 568,177 90, 305 11,824,750 322,909 1,938, 682 472, 748 200, 844 183. 909 17,414 3.136, 506 87,871 410, 287 148. 829 149,104 5,678 175 801,944 _ 317940,412^ _ _ _ . _ 14, 438 4,413, 506 518,615 364, 819 5, 356, 659 $1, 459, 821 96. 275 1.556,096 3, 447, 292 225. 529 3.135 6,613,441 509,590 1,022,503 1, 939 512," 849 85.451 2,132, 332 „ 97911,297 ""269,908,448 $45 281 6078297688" "35,052,223 * Incomplete. 2374487708 268 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE 1843.* RESOURCES. States, etc. No. of banks. Loans and discounts. Maine . . New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States.. New York New Jersey Pennsylvania Delaware* M aryland District of Columbia Total Middle States .. "Virginia North Carolina South Carolina* Georgia Alabama Mississippi Kentucky Tennessee Total Southern States. 40 27 17 111 62 31 $4,987,519 3, 83], 454 1, 832, 497 44, 610, 391 12, 562,785 10, 683,413 288 103 25 49 3 20 6 206 of Due from Real estate. Notes Stocks. banks, other etc. bai^ks. Specie funds. 111, 548 718, 860 $551, 395 258, 592 245,905 3, 415, 084 366, 799 635, 693 $145,029 115,493 42*043* 72,176 ""$32," 412" 1,174, 459 1,883, 207 224, 380 277, 018 368, 849 206, 728 78, 508,059 830,565 5, 473,468 2,026, 699 2, 699, 651 32,412 56, 338, 685 5, 252, 403 27, 747, 503 1, 516, 347 11,442, 062 1, 830,297 8,182, 629 16,770 4, 846, 087 44, 473 1, 673, 811 321, 668 8, 961,819 700, 600 4. 588, 496 179, 278 1, 551, 242 66,460 5, 790,057 326,408 1, 879, 960 74,296 594,771 185,428 5, 809, 538 233,931 3, 013, 395 105, 250 882, 588 201,279 1, 634,472 75, 413 589, 509 8, 850, 920 10,245, 981 2, 575, 592 $157 104,127, 297 15, 085, 438 16,047, 895 27 16,170, 393 4, 326. 377 10 11 13,890,033 7.721.899 24 7 23,065,522 17 13,349,481 17 i 9,047,917 23 | 11,346,947 $216,968 276,198 2, 048, 844 2, 006,801 199, 740 828,299 2, 999. 250 440, 250 525,618 440, 097 492, 238 213, 579 1, 476, 254 308, 477 1,098,117 915,174 911, 677 109,509 223, 309 6,256, 233 1,144, 309 700, 548 518, 696 1,110, 373 753, 715 328. 681 197, 516 548, 379 1, 749. 818 205,345 452, 598 347, 679 47,074 42, 806 1,168,422 31, 200 48, 385 136 98, 918, 569 9,691,606 5,469,554 10, 974, 654 4, 583, 731 169, 465 3 13 1,013,409 4,419,104 175, 000 294, 000 63, 520 182,151 56, 353 241,051 148,195 177, 244 99,035 Total Western States. 16 5,432,513 469, 000 245,671 297,404 325,439 99, 035 Total United States... 646 286, 986, 438 26, 076, 609 27, 236, 588 22,149,677 17, 854, 802 2, 876,504 ^Missouri Indiana 1843.* Maine New Hampshire. Vermont Massachusetts .. Rhode Island Connecticut 40 24 16 103 62 31 $4,405, 660 $283,505 3,173, 825 365, 574 1, 863, 290 598, 711 42,993, 291 8,280. 895 11, 779, 080 $135, 845 540, 681 9, 798, 392 837, 974 $256,148 $103, 522 74,318 182,743 40, 736 86,591 1,181, 886 1,991, 842 236, 927 323, 995 402, 419 179, 274 Total Eastern States.. I 276 74, 013, 538 973,819 11, 017, 746 2,192,434 2,867, 967 107 52. 022, 260 12,446, 083 7, 700, 044 3, 848, 725 4, 888,987 $4, 888, 897 New York 26 4. 564, 002 16, 545 539,131 181, 346 349, 256 New Jersey 16, 810 48 17^ 934, 372 3, 474,158 1, 338, 769 1, 555, 790 1,696, 488 Pennsylvania 54,896 3 1, 332, 901 29, 921 81, 579 75, 843 Delaware* 586. 900 20 10, 547, 920 1, 009, 449 857, 213 596, 596 Maryland 142, 856 103, 580 1, 859, 904 246,761 197, 044 District of Columbia... 336,677 Total Middle States .. Virginia North Carolina1 South Carolina * Georgia Alabama Louisiana Kentucky Tennessee Total Southern States 210 88,261, 359 17, 222, 917 10, 620,316 27 13, 386, 722 4, 048, 810 13, 716, 220 5,451,751 2,948, 929 20,420, 948 7, 710, 382 8, 898, 022 Total Western States. 2,864,513 575, 553 * 879," 471 761, 039 6, 623, 254 7,551,473 951, 121, 277, 5, 635, 781, 2, 472, 690, 1, 225, 409, 085 253,852 291, 297 403,646 171,301 i, 241, 047 133, 738 "536*355" 220, 589 73, 583 142 76.581.784 7, 911, 910 3, 663, 559 12,154, 733 2, 286,125 207, 321 Missouri Ohio Indiana Illinois Michigan Total United States... 1, 920, 063 1, 377, 046 32, 758 585,622 279, 695 753,534 338,916 65,282 1,141, 077 824, 740 175, 000 6,925, 644 1, 207, 412 259,080 2, 866, 629 3, 688,167 2, 085, 552 557,159 55 14, 862. 339 3, 727, 044 95, 622 469, 568 227. 634 72,165 22, 759 56, 875 869, 521 260,847 1, 243, 327 128, 644 143, 250 458,106 37, 765 24, 784 7,668 83, 750 29, 929 60, 730 887, 748 2, 559, 214 671, 573 184, 259 253, 719, 020 29, 835, 690 J26,189, 369 23, 529, 635 13, 377,138 * Incomplete. 9,850 i, 632, 627 REPORT OF THE COMPTROLLER OF THE CURRENCY. 269 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1S42.* KESOURCES. Specie. LIABILITIES. Other resources. $183, 861 177. 071 89! 266 2, 682, 309 297, 850 471,238 29, 605 443, 548 3, 901, 595 484, 292 5,471, 694 449, 859 2, 763, 994 166, 443 1, 553. 621 114, 456 10, 520, 067 2, 404, 479 868,560 1, 355,178 537, 585 685,183 11,223 1,491, 805 1,140, 459 $ii,"i39" 25,255 4,482, 341 158, 582 3, 414 4, 669, 592 10,044 220.570 301. 401 98, 857 626,176 410, 738 Capital stock. Circulation. $3,414, 000 2, 789, 500 1,153, 997 32, 631. 060 10, 041. 203 8, 876, 317 $1, 585, 820 1, 027, 488 848, 491 8, 049, 906 1, 666. 846 2, 555, 638 Deposits. D u e to banks. $15,057 Other liabilities. $118, 318 $792. 598 371,234 217,177 6,130,164 693, 046 1,062, 725 14,428 3, 307, 011 434. 980 337, 656 1, 326, 238 551,952 89, 569 58, 906, 077 15, 734,189 9, 266, 944 4,109,132 2, 086, 077 45, 283, 453 3, 763, 951 23, 207, 622 888, 470 10, 709, 332 1, 786, 920 14, 559, 993 1, 599,143 8, 307, 458 725, 829 1, 832, 920 111,658 17, 473, 200 1, 066, 566 11, 755, 019 278. 597 2, 934, 824 707, 842 9, 702, 055 163,351 4, 344, 976 17, 894 1, 231, 885 160, 284 1, 631, 948 85,639,748 27,137,001 34, 216, 048 15, 620, 445 4, 023, 682 2, 707.153 562, 554 1, 743, 000 858, 533 980, 428 611 695 1,169, 919 1,101, 944 496, 063 67, 712 682, 538 292,938 681,948 115,242 571, 233 338, 716 303,804 1, 241, 243 1, 060, 669 7, 794, 336 94,725 135, 809 10, 363, 362 3, 225, 000 11. 472. 922 12, 678, 658 14, 346, 834 9, 261, 200 9, 451, 053 8, 596,181 7, 740, 888 1.989.379 2, 932,154 2, 832, 892 1, 728. 042 2,374,189 3, 465, 056 3, 641, 928 1, 342, 254 1, 049, 480 8, 494, 472 1,667,786 79,395,210 26, 704, 328 9, 735, 226 3, 246, 390 10, 630, 586 162,848 1,127, 901 243, 321 5,463 1,179, 566 2, 743,191 198, 087 2,871,689 354, 243 317,890 56, 097 116, 065 147, 344 1, 290, 749 248, 784 3, 922, 757 3, 069, 776 672,133 172,162 147, 344 72, 645, 294 53,890,351 23,148,129 16, 887, 689 24,206, 883 7, 070, 454 227,863, 792 1843.* 24, 744 292,428 $3, 314, 000 2,469, 200 1,120, 000 31, 089, 800 11, 063, 843 8, 580, 393 $1,106, 261 916.147 1, 287, 369 9. 219. 267 1,415,203 2, 379, 947 $542,017 354 395 223, 439 10,213, 887 808, 534 1, 061, 944 8, 460,109 343, 267 57, 637, 236 16, 324,194 13, 204, 216 8, 894, 051 8, 477, 076 448, 269 4, 020. 678 100, 717 2, 537, 822 229, 501 770, 372 44,375 43, 950,137 3, 634, 298 18, 638, 743 890,000 9, 746. 279 1, 668, 307 12,031,871 1, 079, 479 6, 217, 364 366, 944 1, 743, 768 253, 874 19, 313, 826 875, 020 7, 677, 868 229, 449 2, 977,174 822, 713 12, 072, 679 140, 992 1, 738, 853 24, 085 753, 499 128, 894 1, 495, 888 14, 000 429, 831 $175,301 162,126 74. 900 7, 298, 815 310, 215 438, 752 $26, 095 4,405, 537 95,130 3,485 $65, 961 $91,734 1,802 8,195, 813 413. 874 216, 601 714, 597 261, 349 70, 414 1,138, 094 932, 529 1,408 15, 814, 063 5, 318, 899 78, 527, 764 21, 693, 300 31, 896, 050 14, 859, 002 2, 873, 656 2,121.366 893, 917 1.036,403 1, 200. 971 28. 204 4,451.023 1, 730.187 930, 420 3, 808 10, 359, 642 3, 225. 000 11,459,718 10, 250. 702 3, 067. 700 20, 929. 340 9, 368, 085 8, 551, 400 4, 947, 036 1,520,999 2. 914, 443 1, 972, 215 19,871 1, 087, 577 2,801,296 1, 777, 075 2,105, 728 505,536 1, 835. 817 1, 056, 842 629, 659 5, 338, 613 1,192, 086 790, 940 441, 476 31,855 686, 219 112, 050 106, 089 312,798 1, 251,122 97, 765 425,867 271, 982 47, 389 351,369 13, 455, 221 2, 075, 538 2,128, 003 303,410 1,911,983 1, 828, 371 2, 212.127 98, 099 453, 260 1.144. 915 212. 463 181, 416 73,353 44, 999 213. 294 64,229 17,550 260,690 68,193 16,178, 488 6, 353. 990 2, 065,407 340,072 229, 555, 075 61, 411, 990 60, 620, 894 12, 398, 491 332, 730 895, 051 811. 234 798. 998 60, 709 2, 898, 722 3.9, 571, 385 282.689 280, 004 35, 240 5,100, 000 555, 664 6, 257, 405 340. 210 318. 852 714. 005 44,520 1, 417, 587 13, 337,158 77, 211, 587 17,040, 512 1. 200, 264 6, 805, 352 2, 727, 532 5 016 640 428, 700 * Incomplete. 67,560 3, 256, 685 26,168, 663 3,585,518 9, 725, 271 270 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING HV STATES, KTC, THE NUMBER OF STATE BANKS IN THE 1844.* States, etc. Maine New Hampshire Vermont.. Massachusetts Rhode Island Connecticut Total Eastern States . New York New Jersey Pennsylvania. Delaware: Maryland District of Columbia... 10, 267, 207 738,428 2, 610. 029 117.963 1, 542J912 768, 717 Total Middle States . Virginia North Carolina South Carolina' Alabama Louisiana Kentucky Tennessee 614, 824 1, 328, 856 355, 984 Total Southern States. | Missouri Ohio.... Indiana Michigan j Total Western States. Total United States .. 1845.* Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States. New York New Jersey Pennsylvania Delaware* Maryland District of Columbia... Total Middle States .. Virginia North Carolina South Carolina * Alabama Louisiana Kentucky Tennessee Total Southern States Missouri Ohio Indiana Illinois 35 19 17 104 61 32 268 148 26 47 3 20 6 ! 70,793,354 | 5,509,996 ! 25,646,533 1,430,515 ! 11, 842,172 j 2,621,698 j 250 1117,844,268 27 18 11 1 28 19 23 127 ~5 8 13 15 Michigan Total Western States Total United States I $4,785,313 I 2, 768, 730 i 2,314,929 ! 52,648,729 i 13, 714, 255 i 12, 315, 387 | 88,547,343 44 51, 015, 942 527,624 359, 492 4, 902. 907 671, 878 $192,763 381,859 1, 041. 717 574, 622 8, 519, 560 ^720, 7 324 ! $217,427 | 100,397 I 68,723 | 3,010,113 395,425 264, 405 2, 094, 260 4, 056,490 10,244,043 61, 967 2, 519, 824 2, 589, 358 160,562 28, 111 1, 215.146 1, 000, 531 451, 342 286; 266 3, 894, 77.8 2,387, 008 $4, 839, 886 233, 284 153, 780 421,190 1, 544, 324 1, 886, 731 1, 244,755 80, 648 68,042 636,137 666, 245 195, 317 221, 564 214, 555 114,355,357 12, 606, 967 6, 772, 394 5,462,874 15, 889, 014 1,078,150 4, 620,449 14, 440,112 1, 470, 774 1, 430, 751 23, 568 18, 417, 669 9, 781, 013 " 675," 907" 9, 337, 780 725, 687 1, 051, 612 379, 579 1, 345, 936 182, 235 £,'712," 524" 1,087, 664 73, 916, 788 3,974, 086 5, 759, 550 1,166, 601 3,186. 619 2, 834. 421 2, 286, 902 414, 526 $243,720 36,155 60,323 1,097,969 252, 490 403, 603 95, 718 86, 368 528. 655 719;331 30,363 170, 762 414,326 I 629 I -I520, 673 1, 535,479 1, 059, 604 i 116,779 ! 267,796 | 141.117 i 3,318,355 |. 795.816 ! 1,140,232 I " 792," 760 300, 929 38, 967 6, 839, 699 2, 366, 088 38, 967 84, 293 376, 407 326, 059 1,191. 505 12, 771 259, 890 145, 813 11, 836 25,286 9,800 58, 327 90,125 1, 991, 035 442, 825 290,197,468 19,424, 738 28,421, 556 177697, 388~ 12, 328, 277 * Incomplete. !, 452, 976 637, 245 305, 262 218, 657 111, 235 2,093 160,345 i, 652, 288 REPORT OF THE COMPTROLLER OF THE CURRENCY. 271 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1844.* BESOURCES. Specie. $223, 769 137,253 92, 562 4 587 140 382, 645 445, 430 LIABILITIES. Other resources. $91, 566 22, 637 441, 975 Capital stock. Circulation. Deposits. D u e to banks. Other liabilities. $81,114 $3,009,000 2 008 298 1,137, 500 30, 020, 000 10,133. 213 8, 292, 238 $1,606,663 1.021,914 L 743, 807 12,183,158 2. 886, 570 3, 490, 963 $927, 498 394,778 289. 079 12, 234J304 1, 577, 266 1, 847,447 5, 066, 787 803,889 347,939 22,933,075 17, 270, 372 6, 283, 875 1,002,946 $65, 260 796,800 125, 032 5,868,799 556,178 54,600,249 10, 086. 542 516,801 4.944,383 109, 932 3, 790, 905 452, 055 679.039 92, 673 3, 718, 592 43, 649. 887 3, 623. 886 15,195, 857 890, 000 9,540,374 1, 659, 435 16, 335, 401 - 32,229,293 1. 569, 235 1,221,895 6, 846. 741 11, 334. 202 379!861 243 003 2, 273, 550 4, 231, 664 557,279 1, 391, 241 15, 610, 654 141,397 2, 707, 421 20,1.77 1, 228, 577 189, 834 1,953, 435 9, 221 83, 211 19, 900, 618 4,644,881 74,559,439 27, 962, 067 50, 654, 298 19,898,060 2, 975, 303 2,873,832 489, 687 2, 205, 227 558, 213 6, 473, 215 1, 820, 947 1,186, 749 622, 65, 368, 296, 145,808 8,769 2, 464, 932 945. 645 1, 680, 553 613. 729 7, 889,199 2,228,090 1,109, 909 246. 292 26, 532 5,300,1)00 16, 932, 057 5, 648, 082 1, 260, 294 792, 483 965, 226 242, 845 491,053 7, 345 563, 549 28, 072 3, 260, 848 45, 962, 322 3, 394 m 885 87, 979 1, 090, 019 11, 939,160 10,369,137 3, 225, 000 11, 460, 213 1, 500. 000 20, 049,140 8, 590, 526 8, 536, 567 63, 730,583 1,200, 588 2,167, 628 2,130. 555 719,100 5, 877, 087 2, 081, 853 3. 667,106 124, 031 1,721,546 4, 038, 824 2.. 345,193 19, 855, 640 15,607,870 731, 080 2, 246. 999 2, 310, 690 681., 976 1,116.672 505, 430 211, 561 254,180 929, 436 062 656 311 382 309, 983 600 759, 009 258, 053 29, 240 61, 865 2, 369, 473 401, 688 54, 633 99, 959 39, 912 18, 204 32, 779 260, 375 6,217,871 5, 970, 745 2, 087, 843 203, 708 199,108,142 76, 721, 527 85, 620, 383 28, 755,116 $70, 604 293,154 4,673,091 1845.* $192, 445 136 187 109. 137 3 357 904 283, 379 454, 508 25, 890 399, 932 $3, 009, 000 1, 587. 488 1,138, 360 30, 970, 000 10. 244, 370 8, 359, 748 $1, 980, 538 1,124 531 1, 400, 617 14, 339, 686 2, 670, 306 4,102, 444 $1.116, 961 696 492 261,837 11, 668.133 1, 407, 466 1, 969, 801 4, 533, 500 459, 211 55, 308, 966 25,618,122 17,120, 690 6, 083, 665 1, 373, 486 6, 893. 236 515,871 4, 486, 275 107,770 2, 200, 580 456, 622 595, 052 45, 234 2,190, 300 43* 674,146 3, 620, 481 14. 587. 226 890. 000 8, 858, 332 1, 649, 280 18,513,402 1, 988, 041 9, 208, 530 468, 488 2, 607, 682 535, 478 27, 840. 600 1, 483, 082 13,183, 585 316. 216 3, 947.113 1, 869, 749 11, 501,102 149,769 2, 674, 677 10, 343 1, 360, 897 468, 511 2,095, 632 8,400 28,000 16,165, 299 3, 046, 843 14,660,354 2, 730, 683 1, 078, 823 1, 864, 999 791, 459 8, 282, 981 2, 648, 706 1, 545, 968 18, 943, 619 $33, 389 82, 661 37,998 2, 951, 245 2,963 309,516 4, 644, 075 115, 260 5, 071, 814 25, 988 5, 046,120 623. 561 317, 392 914,811 73, 279, 465 33, 321, 621 48, 640, 345 7,158. 803 2, 351, 210 4, 306, 991 486, 440 2, 099, 331 4, 934, 098 3,119, 827 3, 699, 241 596, 539 1, 772, 498 465, 443 8, 418, 764 2,024,181 1,323,168 427, 241 114, 859 1, 358, 454 155, 302 4,383 810, 032 1,189, 803 558,578 '25, 636 67,810 62, 287, 579 24,456, 700 18, 299, 834 3, 804, 237 407,861 1, 200.101 2,171, 807 2,105, 212 2, 713, 640 202, 650 798 880 2, 348, 693 3,101. 000 1,183, 256 247, 111 1,313 098 436 579 320, 303 41,145 420, 730 154 456 104 020 41, 993 2, 219 3,688 618,338 23, 595 560,572 3, 737,107 *1, 247, 355 8, 393,410 7, 678, 940 2, 531, 855 306, 376 41, 874, 640 9, 729, 625 199, 269,420 91, 075, 383 86, 592, 724 26, 359,577 1, 083. 218 117,012 10, 337, 974 3, 225, 000 11, 065, 668 1, 500, 000 19,670. 580 8, 203, 428 8, 284, 929 1,594. 596 742, 001 1,120,013 78, 697 201, 800 44, 850 $173,256 * Incomplete. 76, 867 23, 000 99, 867 4,928,057 272 REPOET OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE 1846.* RESOURCES. States, etc. No. of banks. Loans and discounts. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States.. New York New Jersey Pennsylvania Delaware * Total Middle States.. $25, 000 192,601 250,124 $993,150 403,596 466, 624 5, 568, 088 607,828 1,416, 893 267 89,243,071 467,725 9, 456,179 1,978, 276 3, 850, 067 150 26 46 3 75,555,533 ill, 150, 46410,181. 286 6,017,282 i 88,818 1, 006, 738 28, 912,133 2,784, 654 2, 660, 625 1, 550, 321 27, 753 226, 454 3, 629, 471 2, 503,174 307,409 387,887 1, 420, 780 2,097, 973 75,404 86, 265 225 |112,035,269 14, 051, 68914, 075,103 143 81,851,621 370, 372 680,766 5, 524,403 4,983,960 j 8,051,132 5,241, 241 6, 515,835 13,164,479 2,958, 495 47, 899 7, 963, 404 1,249, 573 1, 374, 240 3, 721,805 37, 000 1,024,693 17,085 241, 573 Specie funds. $170,624 $165,537 42, 574 86, 541 73,042 66,162 1, 098, 000 2, 854, 754 227,078 400,315 366, 958 276, 758 16, 368,166 | 1,051,411 1, 540, 590 1, 050,188 4,688,514 ! 663, 861 117,000 14,181, 772 1, 618, 297 1,103,446 424, 272 5, 549, 232 1,306, 251 726, 303 6, 521, 667 2,194, 916 55, 400 424,685 142, 296 21, 582, 744 3,539,871 11,061,733 579, 200 1, 536,484 561, 941 6,224,544 630,682 520,466 807,244 Missouri Ohio Indiana 455,172 439, 909 249, 084 326, 410 25,197 714, 028 280, 824 2, 490, 624 136, 015 371,359 1, 031,865 348,170 84,188 217, 356 41,421 185, 736 143, 910 56 15, 668, 397 1, 303, 658 1, 663, 712 1, 072, 900 1,157, 474 335, 346 Michigan Total Western States Notes of Due from other banks, etc. Real estate. banks. 35 $5, 269, 008 17 3, 015,139 17 2, 449, 678 105 51, 326,114 61 14,151,267 32 13, 031, 865 Virginia North Carolinav South Carolina Georgia Alabama Louisiana Kentucky Tennessee Total Southern States Stocks. 298, 798,358 21,064, 313 31,710,829 Total United States.. 21^740, 058 12,482,125 5,700 8,386,478 1847.* Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States New York New Jersey Pennsylvania-. Delaware* Maryland . Total Middle States . Virginia North Carolina . South Carolina* Georgia Louisiana Kentucky Tennessee Total Southern States 32 19 18 109 62 32 $5,150,208 3,174, 999 2, 908, 567 57, 260, 938 14, 558, 863 12,781,857 272 95,835, 432 Total United States .. 523,031 9,893,277 $162, 041 $265, 890 42,887 87,302 71, 510 158,791 1,062,950 3,263,463 221, 558 342,461 349, 044 227,481 1,909,990 4, 345, 388 $43,139 43,139 149 73, 502, 744 11,408,912 11,161, 808 3,601,249 2,610, 790 7, 554, 202 6,170, 469 26 419, 683 286, 974 77,812 1, 081, 294 68, 833 46 27, 435, 662 2,412, 921 2,797, 214 1,749,231 2,293, 065 5, 736, 660 30, 770 2 504,819 6,397 20,843 75,441 636, 273 14 11, 503, 278 726,074 619, 653 432,066 237 119,116,972 14,632,116 15, 735,410 6, 223, 072 5, 857, 872 13, 359, 695 896,163 392, 279 15, 348, 483 738, 976 583,825 337,175 5, 043, 842 446, 724 120, 279 510, 370 15, 640, 284 1, 710, 066 1, 057, 560 371, 865 335,142 6, 758,158 1, 891, 684 885, 261 6, 559,948 23, 869, 724 3,127, 214 10,249,519 460,448 615, 222 566,107 1,871,773 6, 741, 035 828,380 640, 901 301,986 48, 088 141 83,651,045 4,799,770 5, 828, 674 12,176, 818 2, 492,174 Missouri.. Ohio Indiana... Michigan. Total Western States. $1, 263, 358 377, 604 867, 523 5, 571,240 $221 130 563,142 301,901 1,250,410 2,449, 333 8, 291, 875 3, 596, 391 231,703 55 68, 437 966, 238 1, 835, 505 36, 000 803, 065 4,080 63, 502 14,569, 302 1, 006, 318 2, 770, 509 56, 007 141, 086 621,131 818, 224 11, 030 967,742 119, 976 11, 239 "i6,079 525, 076 i;109,987 20, 486 170, 403 343, 845 10,828 4,407 14, 241,544 705 J313,172, 751 20,961, 235 34, 227, 870 I 20, 834, 956 113,805,421 * Incomplete. REPORT OF THE COMPTROLLER OF THE CURRENCY. 273 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1846.* RESOURCES. Specie. $262, 237 126, 679 89. 208 3, 051, 755 280,158 481, 832 LIABILITIES. Other resources. $32, 512 23, 6L4 268 56, 394 Capital stock. Circulation. $3,009.000 1, 619, 000 1,161, 080 31,160,000 10, 665, 402 8,409, 544 $2, 242, 846 1,375,985 1, 559, 832 14, 591, 914 2, 534, 309 4, 565, 466 liabilDeposits. D u e to banks. Other ities. $1, 215,538 544,987 329, 723 9,459, 375 1,292,854 1,893, 273 $66,145 10, 259 5, 285, 015 736, 285 362,128 $191,102 901,271 104, 356 56, 024, 026 26, 870, 352 14, 735, 750 6,459,832 1,196, 729 8, 361, 383 584,960 4,181, 007 122,565 313,536 21, 644 1, 643, 591 42, 956,489 3, 59ft, 048 14, 871, 837 890,000 20, 926, 930 2, 394, 371 10,029, 366 611,442 33, 279, 752 1, 822, 364 13, 564, 248 373, 506 14, 843, 359 192, 619 3,218,779 30, 815 1, 495, 343 900 58,683 13, 249,975 1, 978, 771 62, 314, 374 33, 962,109 49,039, 870 18,285, 572 1, 554, 92G 3, 848, 242 639. 507 2,353,168 1,318,266 934,164 9,449, 035 2,018,121 760,476 273,152 67,199 980,190 157,334 37,443 39, 713 10,432 61,989 1, 525,497 9,421 1,175, 077 252,087 133,565 17, 554 4, 294, 869 2, 487,421 1, 261, 061 1,723,561 1,104,235 1,165, 272 6, 636, 394 2, 624.132 921,856 10, 336, 085 3, 225, 000 11, 036, 260 8, 970, 789 1, 500, 000 4,446,127 17, 528, 910 7,119,160 8,750 * 4, 809,999 58,471 10. 332 130, 877 97, 634 7, 762, 694 2, 954, 578 3, 911, 360 2, 471, 264 1, 445, 906 4, 206, 748 6, 064,431 2,425, 999 4, 752,191 64, 526, 203 31,242, 980 2,942,482 1, 798,171 1,453, 614 1, 249,485 1, 079, 308 139, 772 158, 008 626, 333 46, 520 1, 200, 582 4, 364. 421 2, 087, 894 815, 697 2,195, 840 4, 504,130 3, 527, 351 362, 828 1, 296, 428 3, 038, 747 402, 067 294,890 37, 858 505, 647 76, 437 205 853, 439 3, 922, 239 830,861 8, 468, 594 10, 590,149 5, 032,132 620,147 1,120, 303 102, 665,590 90,128,731 17, 923, 932 39,391,015 7,618, 217 191,333,197 21,320,979 266, 864 28, 308, 033 5, 670,129 $60, 937 $75,734 977 7, 263, 202 689,710 245, 816 764, 715 194, 202 7,809 1847.* $472. 776 141, 794 105. 684 3, 943; 973 305, 735 462,165 $76, 225 332, 542 5,432,127 408, 767 57, 382, 821 30, 659, 938 15,946, 331 8,260, 642 1, 042, 460 172, 540 29, 407 4,912, 814 43, 075, 287 3, 721, 286 20,806,064 210, 000 7, 999, 004 21,166, 250 2, 553,188 11,230, 092 225, 845 2, 400, 267 34,197, 967 1, 821, 837 12,560, 287 12 i, 545 3, 863, 891 15,128,305 191,583 3,419,161 19, 099 982, 731 550, 770 12. 400 2i2, 272 11, 854, 485 5,114, 761 75, 811, 641 37, 575, 642 52, 565, 527 19, 740, 879 781, 442 2, 487, 591 1, 339, 928 966, 012 1, 523, 746 5,720, 561 2, 617. 955 787, 855 27,821 74 436,110 119,469 4, 210, 071 13,540 167, 064 9, 275, 524 3,225,000 12, 028,106 11,121, 802 17,090, 250 7, 020, 900 5,472, 059 6, 968,819 3, 088, 060 4, 429, 527 3, 400, 667 4, 750.159 5, 7 J 0.994 2, 829, 861 3, 096, 782 663, 687 2, 325,144 1, 234, 489 7, 983,167 1, 534, 092 823, 957 399, 703 49, 655 1,181, 093 292,228 871,159 1,423,733 256, 315 13, 983 11, 393 224, 996 1, 021, 315 1, 604, 885 13,783 4,974,149 65, 233. 641 31,181, 087 17, 661, 318 4, 473, 886 2,890, 355 315, 437 1,102, 716 538, 828 74,777 1,201.326 4,437. 903 2, 083, 824 176,167 1, 743, 220 5, 701, 602 3, 336, 533 141, 854 1, 298, 849 2,398, 009 444,682 144.129 53, 706 919, 553 47,886 9, 203, 242 588, 790 57, 375 2,005. 078 15,443,648 1,554, 264 1, 619, 336 1, 003, 647 68, 487 $2, 834, 000 1, 738, 500 1, 287, 442 32,113,150 10, 803, 987 8, 605, 742 $2, 545, 011 1, 508,129 2, 353, 051 17,196, 362 2, 619,154 4,437, 631 $1,647,811 479 348 394, 560 10,265, 555 i, 376,136 1, 782,921 437,410 94, 310 3,133 4, 245,734 2,031, 758 7, 899, 220 16, 923, 209 4, 285, 669 1, 021,145 534, 853 36,975, 994 12, 529, 435 20G, 327, 323 110, 339. 876 90,458, 845 33,496, 552 5,249,110 http://fraser.stlouisfed.org/ 9647 18 Federal Reserve Bank of St. Louis * Incomplete, 274 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE 1848.* RESOURCES. States, etc No. of and banks. Loans discounts. Maine New Hampshire. Vermont Massachusetts— Rhode Island Connecticut 3] $5,189, 088 21 3, 613, 736 21 2, 831, 587 112 53, 110,100 62 14, 501, 9.40 33 13, 424, 654 Notes of Due from Stocks. banks, etc. Real estate. other banks. 221,716 564,100 505, 978 1, 692,179 $129, 006 49, 251 62, 887 1,073,116 231, 752 329,407 $182,353 64,198 78, 552 2, 336, 817 532.936 227, 603 $60,000 $579,143 346, 415 502, 247 3,469,034 Specie funds. $1,483 54,978 280 92, 671,105 787,694 7.153,118 1, 875,419 3,422,459 56,461 New York New Jersey... Pennsylvania. Delaware * Maryland 171 24 47 2 20 77,162,485 12, 581,625 6, 292, 288 100, 720 33, 870, 857 2, 367, 204 561, 081 26,232 13, 291,129 706,173 8,829, 581 1,011,913 3,904, 847 95,164 764,506 3,608,151 288, 520 1,345, 305 20, 843 527,530 3, 338, 354 301,136 3,039, 446 15, 037 609, 456 6,118, 086 9,500 2, 305, 639 Total Middle States Virginia North Carolina . South Carolina * Georgia Alabama Louisiana Kentucky Tennessee 264 131,177, 840 15, 781,954 14,600, 011 5, 790, 349 7,303, 429 !, 533,010 635,438 349, 954 348, 714 174,158 75,000 Total Southern States, Missouri-. Ohio Indiana... Michigan. 144 Total E a s t e r n S t a t e s . . Total Western States Total United States .. 883 989 575 696 026 378 675 559 647,521 333,000 3,055, 869 2. 382,454 79,658 , 563, 32$ 329,406 942, 274 344,802 953, 691 558,000 1,096,932 1, 826, 609 724,097 88,444, 781 8,153, 434 4, 207 2, 698, 086 12,452,665 3,498,912 170,231 1,600,433 36,000 61,120 20,519 2, 656, 222 1,081,194 65, 505 18, 819, 894 1,697, 553 3,823, 440 17, 302, 6, 307, 14, 620, 5, 860, 2, 379, 21, 479, 10, 779, 9, 714, 756 331,113, 620 26,420, 635 32,266,776 871, 129, 349, 3, 958, 179, 2, 977, 424, 99, 785 128,885 100,000 346,090 756, 723 354, 075 36, 819 9,790,105 2, 619, 062 686, 794 122757? 38,280 1,533,978 299, 250 23, 892 8,760 "368*178 490,751 1, 895,400 17,946,624 15,240,350 8,760 9,285,025 1849.* Maine New Hampshire. Vermont Massachusetts... Rhode Island.... Connecticut 32 23 24 119 63 36 $5,275,171 3, 779, 509 3,613, 227 56,599,310 14, 684, 877 14,043, 096 $10,99S Total Eastern States. New York New Jersey Pennsylvania.. Delaware* Maryland 297 97, 995,ISO 145,489 275, 904 $711, 894 296, 863 648, 421 4, 472. 951 539, 452 1,470. 853 $118, 060 59, 959 89, 125 1,126,162 232, 412 332, 745 $179,093 51,455 151, 049 3, 737,151 451, 364 196, 268 8, 337 462, 391 8,140,434 1, 958, 463 4, 766, 380 58, 337 81, 911,412 12,451, 637 5,887, 225 87, 932 29, 296, 076 2, 383, 272 539, 997 5, 692 12, 384, 850 829, 269 8,561,090 1,164, 288 3,131, 245 149, 645 903, 234 3,446, 867 271.440 1, 267, 909 20. 857 450, 736 2, 344,140 287,142 2, 298,445 22, 947 743, 339 6, 385, 062 2,064 2,132, 056 Total Middle States . Virginia North Carolina. South Carolina . Georgia Alabama Louisiana Kentucky Tennessee 271 130, 019, 560 15, 757, 802 13,909, 502 5,457, 809 5, 696, 013 8, 543,182 Total Southern States. Missouri.. Ohio Indiana... Michigan. 149 Total Western States Total United States ~179 25 45 2 20 17, 338,182 4, 937,174 19, 742, 009 6, 953,166 3. 564,189 19,173, 281 11, 043, 233 8, 564, 013 585, 671 443,000 2, 308, 764 1, 690, 378 75, 218 91, 315, 247 6, 201, 366 552. 400 545, 935 978,127 174, 438 1,468, 443 1, 753,467 566, 743 2,538. 950 1, 602, 590 539, 800 354,179 129, 797 409, 392 6,487,104 155, 586 2, 720, 612 406,006 642,162 9, 622, 558 11, 804, 838 459, 272, 411, 315, 233 887 986 535 24, 000 359, 325 "373," 926*' 520, 475 250, 453 2, 230, 569 733, 251 36, 560 1, 324, 025 147, 451 5,894 7,619 3,152, 028 14, 912, 665 3,551,544 233, 268 71, 000 62, 953 53, 904 2,117, 283 693, 064 85,142 21, 849, 505 133, 953 2, 949, 393 1, 513, 930 7,619 791 |341,179, 502 22, 555, 512 134, 621, 887 14, 206, 892 9, 342, 389 74 * Incomplete. 125, 332, 382, 18, 850 812 076 077 REPORT OF THE COMPTROLLER OF THE CURRENCY, 275 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. LIABILITIES. RESOURCES. Specie. $5^1 536 161. 711 121, 043 2, 578, 030 320, 581 517,700 4, 220, 601 Other resources. $16,124 Capital stock. Circulation. Deposits. $2, 920, 000 2, 088, 000 1, 596, 695 32, 985, 000 • 10, 037, 241 8, 726, S81 $2, 315, 521 1, 514, 420 1,733,482 13,196,029 2, 698, 495 4, 891, 265 $1,107, 387 440, 332 273,477 8, 094, 970 1, 260, 499 2, 023, 721 D a e to banks. Other liabilities. $112, 955 $22, 386 12,252 4, 083, 650 620, 323 299,397 470, 014 149,833 10, 830 58, 353, 317 26, 349, 212 13, 200, 386 5,128, 577 653, 063 23,047,826 2, 722, 541 14, 336,196 283,961 3,106, 901 31,981,407 1,718, 847 15,110, 433 148, 793 4-, 211, 278 13, 273, 620 212, 437 4, 301, 091 22, 020 1, 667, 249 767,682 11, 818 291,179 4, 302 43. 908. 746 3, 309, 261 16,192, 258 210, 001) 8, 541, 830 1, 905, 984 72,162, 095 43, 497, 425 53,170, 758 19,476, 417 1, 074, 235 8, 997, 598 3,512,448 3. 981, 683 2, 784, 446 2,133, 210 3, 709. 053 6, 484, 814 3, 966, 764 3, 958, 988 717, 798 2,277, 568 1, 017, 636 654, 342 8, 654, 422 1,983, 513 1, 300, 000 365, 035 47, 659 1, 845, 632 104,124 45, 294 1, 289,142 1, 304, 233 374, 385 26. 860 1, 286, 475 403. 327 1, 342, 474 15,090 33,165 62, 666, 291 35, 570, 016 20. 564, 267 5, 330, 210 3.152, 685 1,204, 716 6, 056, 357 2, 082, 874 139, 450 2, 404,160 8, 647, 327 3, 606, 452 226, 901 1, 364, 650 4,545, 081 653, 445 65, 981 138, 073 858, 307 34,545 328 459,683 1, 879, 242 9, 483, 397 14,878, 840 6, 629,157 1, 031, 253 461, 823 7, 821, 587 202, 665,100 16,124 6, 722, 326 636, 387 4, G'!8, 073 74, 410 2, 244, 884 68,368 24, 090 1, 809, 224 14, 316, 080 2, 888, 718 1, 596, 269 837, 767 1, 264, 573 1,108,608 7, 578, 710 2.920,151 1, 312, 770 42.155 14, 050 205, 886 113,445 3, 548, 789 8,750 87,162 9, 684, 970 3, 402, 400 9,153. 582 8, 035, 070~— 1, 500, 000 15, 575, 970 7, 071, 000 8, 243, 299 19, 507, 566 4, 020, 237 2, 314, 718 2, 664, 547 1, 083, 979 61,965 206,153 1, 013, 919 597,377 01, 793 6,125, 209 44,169, 456 120, 295,493 93, 564, 568 30,966,457 $55,183 3, 556 2,140 5, 341, 806 1849.* $339, 231 155. 707 120, 798 2, 749, 917 262, 908 575, 656 4, 204, 217 $1,105 12," 856" 787 $3, 098, 000 2,178, 000 1, 826. 975 34, 630, Oil 11,161, 996 8, 928, 264 $2, 252, 764 1, 508, 608 2. 322, 962 15, 700, 935 2, 543, 444 4, 511, 570 $1,119, 252 443, 629 330,195 10, 621, 733 1, 335, 648 1, 831, 291 21, 448 4, 720, 815 488, 897 378, 403 $140,913 287, 249 61, 823, 246 28, 840, 283 15, 681, 748 5, 664, 746 428,162 22, 509, 982 2, 420, 714 10, 083, 098 310, 846 2, 780,476 33, 849, 963 1, 650, 986 12, 727, 700 113, 255 3, 994,162 12. 778, 245 223. 522 3, 316, 543 22, 950 1, 502, 437 1,854,426 4,280 89, 042 i"i32~ 44, 362, 869 3, 497. 061 16, 011, 830 210,000 8, 557, 732 1, 792, 451 72, 639, 492 38,105,116 52, 336, 066 17, 843, 697 314, 737 44, 557 2, 023, 359 406, 580 383, 283 1, 640.199 1, 038J 282 345, 705 8,078 552, 700 1, 774, 205 141, 487 906, 061 14, 748 5, 481, 874 616. 624 4, 020, 731 52, 315 2,145, 013 537, 821 12, 088 1, 241, 410 12, 316, 557 3,142 1, 950, 890 3, 018, 716 39, 363 79, 628 9, 686, 570 3, 407, 300 13. 236. 967 12, 595, 010 1. 500. 000 15, 226, 570 7, 030. 000 7, 086, 943 7, 825, 832 2, 955,121 5, 237. 236 4,118, 419 1. 679,196 4,165, 072 6, 273, 458 3, 291, 762 3, 719, 613 502, 518 2, 236, 744 1, 697, 099 1,160, 064 8,427, 792 1, 870, 820 1, 061, 840 19, 231, 7 83 4, 808,183 69, 769, 360 35, 546, 096 20, 676, 490 6,196, 702 ! 3, 382, 531 2. 427, 685 3.155. 362 1, 273, 895 58, 326 191. 533 1, 872. 785 502. 241 '588 2. 569, 950 9. 491. 037 3, 708. 031 195, 598 1, 735, 409 4, 567, 783 556, 050 101,156 170. 695 1, 396, 462 82, 292 83 1, 345, 397 6. 915, 268 2, 567,147 10. 029, 945 15, 964, 616 6, 960, 398 1,649,532 j 1,349,811 9,182, 529 214, 2G2, 043 118, 456, 111 95, 654, 702 2, 392, 800 1, 326, 938 1, 216, 774 1,547,626 618. 131 8,153, 450 2, 858. 585 1,117, 479 42, 667, 825 13, 651 252,050 1,404, 775 1, 208.167 6, 58+. 220 2, 089, 908 ' 147. 650 * Incomplete. 31, 354, 677 4,414 7, 111, 394 276 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE 1850.* KESOURCES. States, etc. . of banks. Loans and discounts. Maine New Hampshire. Vermont Massachusetts . Rhode Island Connecticut . Total Eastern States.. New York New Jersey ... Pennsylvania. Delaware* Maryland Total Middle States . Virginia North Carolina . South Carolina . Alabama Louisiana Kentucky Tennessee Total Southern States. 830, 230 852,157 423, 719 330, 024 492. 547 510,178 307 107,438,855 32 22 27 126 63 37 Due from banks, etc, Real estate. Notes of other banks. Specie funds. ~I5i|277 427,935 $778, 955 432, 782 1, 001,789 5, 335. 003 Ul[ 164 1, 498, 815 $111, 905 $187,435 109, 817 47, 847 127,637 94, 497 988, 235 4,048, 521 537,761 283, 344 221,378 335, 347 619, 712 9, 488, 508 1, 861,175 5, 232, 549 88,222 12,577,958 1,100,162 3, 023, 601 218,314 1, 068,587 3, 745. 579 2,453, 919 292, 730 383, 008 1, 232, 832 2, 802,118 72, 992 85, 024 384, 760 790, 505 9, 259, 681 $40, 500 189 95, 637, 807 24 ! 6, 377, 034 47 34, 927, 469 4 1, 653, 595 21 13, 767, 558 285 jl52, 363, 463 14, 810, 509 17, 988, 622 $2,376 85, 846 2, 315, 383 17, 727 59,789 5, 740, 925 6,502, 542 11, 652,580 36 19 14 1 28 16 22 18,163, 300 5.169, 007 20. 601,137 2,116, 591 18, 602, 649 11, 637, 207 9,008,699 372. 442 1, 813, 048 150,000 790, 026 1, 849, 463 2, 850, 942 928, 290 71, 018 3, 879, 996 546, 000 1, 601, 303 938, 786 624, 081 811,270 131, 469 377,571 152,601 2, 743, 270 417, 312 582,853 136 85, 298,590 3,613,004 12, 802, 391 5, 216, 346 3,265, 275 16, 305, 869 3, 912, 796 1, 080, 664 28, 820 2,198,997 749, 863 237. 215 166,187 140, 777 114,175 400, 078 369,860 237, 519 1,312,157 101,970 57, 094 179,682 24,564,604 377,992 3,143,867 1,121,632 1, 508, 041 180, 926 Missouri.. Ohio Indiana Michigan. Total Western States. $5, 3, 4, 63, 15, 14, Stocks. 81 433,848 402, 517 715, 093 16, 029 7,664 239, 278 492, 667 700, 054 496, 656 2, 764,197 7 739, 609 " 1,244 19,42l7217 43.423, 388 13, 940, 078" 16, 007,329 12, 661, 337 Total United States... 1851. Vermont Massachusetts Rhode Island 31 131 Total Eastern S t a t e s . , New York New Jersey Pennsylvania Delaware Maryland Total Middle States. 129, 854 7, 296, 051 $99, 698 998,213 271,541 $122,003 6, 235, 787 626, 305 1, 369, 452 6, 984, 095 310 169, 735, 610 16, 777,523 24, 362, 012 5,166,005 19, 733, 325 6,056, 726 23, 169, 270 11, 286, 342 4, 669, 314 23,199, 701 10, 603, 640 11,366, 028 402, 214 150, 000 950, 332 2,173, 941 71, 503 614,162 1,062, 678 1,925, 652 1, 074, 794 6, 532, 297 2,996,039 960, 334 2, 702,154 2, 093,304 1, 559,418 7r»3,831 127, 806 340,929 6, 780, 564 125, 697 2, 633, 243 325,204 662, 580 6, 829, 523 13, 532,471 552,153 483,947 895, 717 535,506 63, 865 93, 396 682,719 200,000 1, 241,443 475, 395 733,186 155 110, 084, 346 5,424, 830 19,843,992 11, 769,854 3,533, 463 18, 046,754 4, 395, 099 1, 358, 704 108,485 406,647 66, 028 3, 574,165 598,014 397,909 123, 928 459, 385 364, 233 226,588 37, 510 1,363,985 224. 842 109i 096 3,150 27,334,020 j 515,132 4,636,116 | 1,174,134 1, 735,433 3,150 Michigan Total United States. 89, 778, 687 $745, 819 6, 550, 232 119,704 3,350, 249 2, 852, 019 $11,345, 041 267,991 417,488 1, 008. 534 2, 519,619 2, 088,091 117, 983 74,602 22, 543 421, 248 965, 795 76, 796 Missouri Ohio Indiana Total "Western Statei $10,150 202 108, 229,412 14,035, 547 16,943, 569 26 7, 237, 451 42. 432 1,304,607 53 37,154, 953 1, 699. 868 4, 663,193 6 2, 263, 315 52 986 306,566 23 14, 850, 479 946, 690 1,144,077 Virginia North Carolina South Carolina Georgia Alabama Louisiana Kentucky Tennessee Total Southern Statei $5. 566,193 66, 341,109 17,871,385 83 3, 739,769 2, 217,558 779 396,932,663 J22.847, 339 56,138,171 I 19,479,445 197288^820 |15,753,179 * Incomplete. REPORT OF THE COMPTROLLER OF THE CURRENCY. 277 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. RESOUKCES. Specie. $475, 589 149, 571 127, 325 2, 993,178 297, 661 583, 841 LIABILITIES. Other resources. $13, 461 Capital stock. Circulation. $3, 248, 000 2, 203, 950 2,197, 240 36, 925, 050 11, 716,337 9,152, 801 $2, 654, 208 1, 751, 096 2, 856, 027 17, 005, 826 2, 553, 865 4, 888, 029 liabilDeposits. D u e to banks. Other ities. $1, 223, 671 453,671 546, 703 11,176. 827 1,488, 596 2, 251, 525 $48, 006 $38,285 32, 984 6, 549, 929 650, 560 380,691 442, 084 138, 773 299,671 4, 627,165 13,461 65, 443, 378 31, 709, 051 17,140, 993 7,602,170 918,813 7, 259, 681 620, 689 3, 828, 754 147, 612 2,468, 235 464, 040 11, 379 2, 393,114 24, 634, 385 2, 548,351 11, 405, 455 651,121 3, 091, 408 42, 030, 384 1, 894, 237 15, 701,150 290, 556 5,183, 609 18, 498, 239 298, 560 3,965. 873 1KX 535 1,732i 813 2, 945,132 19, 682 47, 361, 325 3, 565, 288 17,182,174 940, 000 8,704, 711 14, 324, 971 2, 888, 215 77, 753,498 42, 330, 720 65, 099,936 24, 606, 020 3, 076, 544 2, 709, 055 1, 410, 254 1, 711, 902 1, 307, 392 6. 979, 772 2,683, 373 1,143,919 68, 042 11, 281 348,530 1, 229, 201 2, 656, 609 485, 285 29, 750 9, 731, 370 3, 407, 300 13,139, 571 1, 500, 000 14, 257, 520 7, 030, 000 7, 026, 987 8, 944, 752 3, 415, 788 8,741.765 2, 558, 868 5, 069, 867 6, 682, 524 3, 913, 491 4, 238, 875 720, 788 3, 322,132 1, 216, 319 8, 210, 705 2, 209, 035 1, 320, 959 328, 992 62, 350 2,047,779 20, 740 1, 763, 931 894, 210 43, 852 642, 231 395,124 450, 529 17,945, 667 4,828, 698 56, 092,748 39, 327, 055 21, 238, 813 5,161, 854 1, 795, 821 1, 902, 986 3, 369, 470 1, 285, 406 107, 210 193, 973 2,626, 369 210, 515 68, 532 1, 208, 751 7, 272, 840 2, 082, 910 392, 530 2,594, 790 10, 826, 036 3, 304, 260 624, 431 1, 377, 288 4, 878, 236 663,462 266,412 150,153 907,370 107, 242 16, 802 1, 528, 753 6, 665, 072 3, 099, 389 10, 957, 031 17, 349, 517 7,185, 398 1,181, 567 1, 717, 948 43, 562, 875 10, 829, 763 210, 246, 655 130, 716, 343 110, 665,140 38, 611, 611 7, 509,126 128, 234 3,178 307, 937 189,195 1851. $179,050 2,478,858 277,715 $50, 996 $2, 603,112 38, 265, 000 9,418,810 $3, 377, 027 19, 694, 698 3, 076, 593 $627, 777 13, 839, 903 i, 910, 018 $90, 455 7, 001, 921 934,210 2,935, 623 50, 996 50, 286, 922 26,148,318 16, 377, 698 8, 026, 586 11, 937, 798 652, 885 7, 212, 919 188. 253 2,738, 834 1, 772, 616 134, 336 2, 099, 549 27, 926, 263 3, 046, 038 11,990, 862 833, 960 3, 532, 870 53,092,447 2, 362, 332 17, 944, 032 558, 858 5, 966, 834 25, 878, 059 373, 407 5, 889, 691 170, 877 1, 928, 214 $3,877, 770 53, 758 49, 866, 820 3, 754, 900 18, 675, 487 1, 440, 010 9,115,156 22, 730, 689 4, 060, 259 82, 852, 373 47, 329, 993 79, 924, 503 34,240,248 4, 397,140 2, 928,174 1, 645, 028 2, 429, 020 1,938, 512 1, 798, 820 5, 750, 838 2, 307, 879 1, 456, 778 37,469 18, 785 145,121 1,406. 681 81, 000 2,934, 353 417, 819 9, 868,145 3, 789, 250 13, 213, 021 13,050,198 1, 800, 000 12, 370, 390 6, 456, 927 7, 452, 265 10, 256, 997 4, 249, 883 11,771,270 9,820, 874 3,568, 285 5,090, 086 6, 339, 023 6, 814, 376 4, 717, 732 942, 098 3, 491, 733 2,414, 794 1,474,962 8, 275, 758 2, 021, 361 1,949,497 328,841 60, 682 3,065, 893 609, 763 194,911 1, 384, 232 • 977,338 61, 638 4,825 702, 043 2,105, 371 660, 732 8, 737,043 20, 255, 049 5,041, 228 68, 000,196 57,910, 794 25, 287, 935 6, 683, 298 12, 882,164 1,098,263 2, 931, 678 1.197, 880 125. 722 273, 317 2, 982, 728 247,048 70, 504 1,209,131 7,623, 333 2, 082, 950 431, 338 2, 522, 500 11, 832, 511 3,421.445 897, 364 1, 098, 981 5, 522,974 630, 323 416, 215 76,280 1, 712,580 118, 344 42, 589 1,620, 843 5, 353, 543 3,573, 597 11, 346, 752 18, 673, 820 7, 668,493 1, 949, 793 2,114,945 12, 726, 080 212, 486, 243 150,062, 925 129, 258, 629 50,899, 925 19, 394,249 51,274,904 * Incomplete. 515,975 3,395 672,150 494,102 278 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE KESOURCES. States, etc. No. of banks. Maine '•^few Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States.. New York New Jersey Pennsylvania Total Middle States... North Carolina Xiouisiana Loans and discounts. Due from Heal estate. Stocks. banks, etc. $118,523 56, 483 101,086 1. 090. 463 258, 923 418, 232 $224,364 120, 929 168,685 5, 346,162 726,039 316, 668 505, 645 12, 987,946 2,043,710 6,902,847 232 H I 752 4.79 ,19 ZC& Q27 14. 717 SQFi 636, 416 29 8, 399, 262 569,372 54 36, 398, 246 1, 501, 965 3, 308,438 4, 012, 003 254, 382 998, 970 2, 622, 670 12, 235, 862 2, 436,147 315 1156,550,980 21,502, 318 18, 595, 705 5, 265, 355 5, 058, 817 13,166, 575 $7, 042,461 5, 669, 446 5, 660, 724 77,172,079 18. 737, 093 20, 572, 263 361 134,854,066 $63, 098 115, 833 326, 714 6, 075, 419 22,407, 783 150, 000 49 28,483,202 150,000 70 14 5 19,241, 225 4. fi91 79fi l! 273, 709 2, 721, 236 Total Western States . 89 25,136,660 Total United States .. 814 Ohio Indiana Michigan Maine New Hampshire Vermont Massachusetts Rhode Island Connecticnt Total Middle States .. 930, 713 483, 947 1, 214, 626 483, 947 1,214,626 148, 259 743, 890 1, 418, 561 334, 286 68, 320 3,405,126 3, 990, 226 968, 991 1, 821,167 185,508 6,518,188 6, 840, 932 $117,125 37,187,177 22, 844, 911 121,414 24, 601,165 644,962 9,721, 272 14, 266, 778 14, 835, 856 $116, 842 $365, 490 $1,581,596 157,667 54,153 587,859 185,999 1,301,033 104,768 7. 971, 690 1, 069, 852 7, 340, 461 844, 329 1, 004, 863 264,812 436,538 1, 890, 685 384, 800 83,501 14,337,726 37, 249 $202, 204 202, 204 257 141,45«,233 16,128,301 |13,800,955 4,262,480 il6,134, 610. 4 1, 359, 501 188, 070 37,896 | 117.224 50 328, 813 1,100, 380 19 15,135, 587 683, 512 1, 991, 902 160, 509 115, 816 103.110 60, 386 3 1, 516, 641 127,143 283 1159,469,962 16,872,249 ; 16,141,436 4,745,005 17,455,324 I 127,143 2,198, 304 752,674 j 820. 266 414, 520 122,905 ! 354. 870 303,801 i 544. 083 1, 061,224 245,839 j 334, 844 1, 655, 758 66,370 227, 670 698, 296 10,070 ' 5, 943 2, 438, 219 1,340,463 ! 1, 649, 336 354,390 j 552, 244 3, 330, 722 289,191 1,182, 524 278, 576 9,301,535 12, 985, 510 3,485, 703 3,112, 553 1, 649, 336 I ' 122, 869 301, 570 8,581 51,872 ~~114, 557~ 432,569 2, 072, 560 96,123 2,803, 438 4, 331, 741 554, 754 319. 448 8,378 163, 846 1, 432, 292 233, 576 13.202 1, 780, 617 880, 541 110,417 276, 455 129.520 508,678 740, 947 21,784.357 150, 000 7,126,008 17,970,341 1,487,785 7, 088, 252 421,193 4,876, 031 329,276 160,746 13,052 17,038,359 5, 742, 394 14,088,798 295,903 7, 207, 691 120, 985 Total Southern States 269,147 1, 995, 227 9, 330, 484 97,340,583 Missouri Ohio Indiana Illinois Michigan Total United States .. 172, 697 462, 227 324, 826 181, 938 345, 024,908 25, 623, 089 38,138, 581 159,158, 892 Virginia •. North Carolina South Carolina* Georgia Alabama Mississippi Louisiana Kentucky Tennessee Total Western States 1,074,794 i 127,806 1,489,910 1.315 41 n 7 ' 2,564, 704 1,443, 216 $96, 450 2, 848, 500 925, 325 216, 401 I$11,166,519 35 33 143 77 53 Total Eastern States.. New York Delaware* Maryland District of Columbia... Specie funds. $956 489 771,170 1,104, 862 6, 6G6, 412 948, 313 2, 540, 700 39 31 ''2 137 71 51 20 29 Total Southern States. N o ten of other banks. 3,109, 559 16,787,252 4, 249, 994 586, 404 1,416,328 116 26,149,537 j 5,308,451 j 7,035,586 I 1,017.608 j 3,272,877 113,082 893 442,118,974 ,32, 365, 736 50,500,258 11,243,543 ,33,171,238 2, 091, 765 REPORT OF THE COMPTROLLER OF THE CURRENCY. 279 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1852. RESOURCES. Specie. $662, 301 175,157 176, 379 3, 563, 782 414, 970 825, 379 LIABILITIES. Other resources. Capital stock. Circulation. Deposits. liabilD u e to banks. Other ities. 22, 757 5, 283 $3,923, 000 3, 076, 000 2, 721,168 43,270, 500 14, 037,441 12, 509, 807 $3, 254, 882 2, 625, 707 3, 779,131 21,172, 360 3, 322, 314 7,118, 625 $1, 525, 627 743, 857 872,420 15, 067, 204 2,174, 883 3, 472, 210 31,171 8, 608, 238 892.108 642, 637 $15,996 $93, 455 $474, 051 1,423,419 5, 777,968 44,036 79,537, 916 41, 273,019 23, 856, 201 10, 267, 609 1,897,470 10, 73J0, 634 877, 507 6, 685, 729 735,178 27, 311. 954 3,126, 083 11, 993, 456 56. 211, 535 2, 824,480 16,132, 749 19, 083, 264 433, 230 4,148, 640 4, 869, 099 2, 399, 936 59, 026, 740 4, 325,115 18, 895,187 18,293, 870 3,135,114 82, 247, 042 42, 431, 493 75,168, 764 23,665,134 | 5,220,547 1, 645, 029 4, 355, 381 2,455 4,130, 216 3, 789, 250 12, 201, 870 • 4, 249, 883 3, 514, 274 943.125 6, 948,116 60,682 919,930 8, 497, 481 6, 000,410 4,132, 671 15,991,120 7, 764,157 7, 891, 241 980, 612 8,497,481 2, 806, 902 1, 245, 407 161, 48-3 712, 338 266,301 216,429 11, 545,105 3. 772,193 920,951 5, 996, 37.2 657, 843 698,470 3,580, 026 123, 817 22, 858 444,525 132, 527 15, 059 4, 213, 792 1,195, 068 10,762, 996 16, 238,149 7, 352, 685 3,726, 701 34, 286, 040 8, 506, 889 188, 539, 074 107, 706, 818 114, 268, 891 38, 640, 056 $136, 880 7, 818, 761 2, 083, 007 861, 228 351,448 592,111 16, 207, 609 1853. $1,132, 610 180,239 188,173 3, 731. 765 359,699 1,145, 857 28,145 713, 414 $5,913, 870 3, 376, 000 2, 914, 040 49, 050,175 15, 917, 429 13,164, 594 $5,317,750 3, 021, 579 4, 764,439 25, 620, 472 4, 895, 529 10, 224, 441 $2, 545, 673 868, 357 734, 216 19, 007, 651 2, 238, 856 3, 542, 935 22,136 8,593.442 1, 062, 615 716, 770 $362,729 829, 581 6, 738, 343 757, 883 90,336,108 53, 844, 210 28, 937, 688 10, 531, 843 1,192, 310 9, 993, 815 205,555 2, 838, 071 175, 546 1, 067, 022 2,071 21, 987 78, 250 62, 207, 216 ^ 2 9 , 934, 657 610, 000 770, 440 8,064, 930 4, 254,412 847, 728 243, 881 70, 474, 394 315, 795 7, 282, 355 891, 886 30, 303, 446 55,138 1, 676, 361 107, 618 9, 689,181 13,212, 987 1,169, 330 71, 729, 874 35, 203, 390 78, 964,430 32,142, 563 3, 238, 874 1,388, 545 1,669, 550 1,443,714 1,175,107 19, 211 5, 946.990 3, 634, 043 972,034 126, 493 3,944 1,076, 262 66. 684 38,479 1,149, 015 12, 023 143,344 10, 583, 700 3, 605, 000 9, 825, 685 3, 810, 400 2, 000, 000 132, 726 10, 934,130 7, 658, 700 3,460,114 12, 020, 378 4, 276, 978 7, 050, 573 4, 201, 604 2, 763, 015 49,925 4, 409, 271 8, 823,124 4, 879,196 5,191, 297 990,130 5, 319, 219 1, 639,354 2, 268, 398 12,428 10, 555, 849 2, 456, 267 1, 364, 603 450, 331 104,364 764, 916 673,029 35, 288 2, 721 810,454 2, 060, 923 199,513 16, 301 10, 772 58, 469 4,260 1,066 1, 222 8, 098, 377 15,302 19, 488, 068 2, 616, 244 52, 010, 455 48, 474, 064 29, 797, 545 5,101, 539 8, 205, 769 1, 253, 311 2, 631, 319 1, 308, 933 419, 531 197,294 48,028 851, 234 207,803 1, 210, 622 7,115, 111 2, 083, 007 1, 702,456 665, 803 2,427, 720 11, 373, 210 3, 860, 524 1, 351, 788 896,140 1, 073,138 7, 440, 650 868, 066 522,476 579, 969 150, 995 3,166, 979 108, 392 315,441 63, 084 138, 487 357, 863 14,116 182, 382 $16,324 43, 751 131, 734 867 9,821, 782 5, 810, 388 1,150, 816 12, 776, 999 19,909, 382 10, 484,299 3, 804, 891 692, 848 45, 249, 786 5, 694, 273 226, 853, 436 157,431, 046 148,183, 962 51, 580, 836 19,912, 709 280 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE 1S54. RESOURCES. States, etc. No. of banks. Loan a and discounts. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States.. Notes of Due from Stocks. banks, etc. Real estate. other banks. 60 $12,114,697 $1, 681, 637 36 6, 891, 621 602,447 6, 572, 951 40 $140,864 1, 079, 686 153 93, 341, 953 8, 225, 682 87 25, 233,304 932, 619 111,988 28, 292. 321 1, 298, 677 2, 205, 068 _ 63 ~439~ 172, 440, 847 "175517529" 1477277139" $554, 679 124, 860 125, 902 5, 325, 595 880, 724 459, 502 774717262" •~3l2~l2b3,~6087077~ 21,453, 585 11, 529, 939 New York " 10, 663,627 j 974,895 432,378 New Jersey 48, 656, 884 1,141, 649 5, 375, 738 Pennsylvania 2,915, 602 352, 286 62, 681 Delaware 25 825, 399_ 1, 681,036 Maryland •2474587209" 19, 371, 377 Total Middle States ..j "442 55 24,913, 789 2,259, 812 2, 710,180 756, 551 Virginia i 25 10, 366, 247 64,175 1, 842, 569 137,154 North Carolina 419,370 18 24, 365, 690 2, 775,059 1, 611,709 South Carolina 18 13,567, 469 2,193, 848 1, 735, 422 8,176, 932 Georgia 65, 321 471,156 362, 084 Alabama 3 5, 865,142 362, 585 9,970 84,049 Mississippi 1 29, 320, 582 842, 000 2, 416, 526 1, 954,164 Louisiana 19 802,124 3,284, 405 416,192 Kentucky 35 21,398,386 Tennessee 28 11, 846, 879 538, 042 1,443, 721 _516L980_ 202" 14270067769" 9, 946, 216 15,490, 665 ^ 4 5 2 , 634^ Total Southern States. 6 3, 958, 055 152, 781 1167151 Missouri 68 17, 380, 255 2, 808, 337 3,534,970 332,909 Ohio 44 7, 247, 366 3, 257, 064 1, 985,114 289, 673 Indiana. 29 316,841 2, 671, 903 878, 612 31,158 Illinois 637, 725 7 2,199, 093 742, 843 144,998 Michigan 578, 721 325, 946 10 1,163, 066 8,461 Wisconsin Total Western States. 923,350 164 32,2647676" |~979537750" Total of United States. 1,247 630,320,923 45, 909, 704 577209744T "2275157944" Specie funds. $34, 071 206,921 240,992 18,175, 670 32, 849 3,879,120 177, 293 1,595,092 3,488, 42, 3,804, 81, 158, 7, 576,323 |23,860,024 1, 271 643, 821 645, 639 603, 111, 13, 199,848 73, 324 247, 852 1,115 780 543 978 451, 396 126 890 4,856, 651 1,191 892 282,590 1, 438,342 171, 855 715, 305 128, 860 385, 339 63, 892 4, 282 108,941 151,154 20,136 389, 025 ^081,671 227985,907^ 25, 681, 933" 1855. Maine New Hampshire. Vermont Massachusetts... .Rhode Island Connecticut $12, 770,181 8,037, 427 6, 710, 928 99, 506, 712 26, 385, 458 23,704, 458 $1,403, 817 $108,192 $399, 798 769, 963 56, 519 241, 383 1,150, 362 123,237 54, 556 7, 010, 323 1, 281, 602 4, 547, 710 1, 242, 362 323 092 1,157, 251 2, 272, 606 341, 754 375, 612 163, 216, 392 9,177, 334 48, 641, 393 3, 048,141 17, 588, 718 12, 475, 292 5,178, 831 1, 810, 707 240, 921 4, 840,118 1,159, 740 402,179 124, 356 1,490,609 333, 930 Total Eastern States.. New York New Jersey.. Pennsylvania. Delaware Maryland Total Middle States .. | Virginia North Carolina . South Carolina . Georgia Alabama Mississippi Louisiana Kentucky Tennessee 23, 331, 939 11, 468, 527 23.149, 098 11, 648, 559 4, 397, 298 352, 739 27,142, 907 17, 307, 567 11, 755, 729 3,127, 300 123,275 1, 670, 305 2, 331. 661 768, 650 5,914 4,187,180 743, 033 871, 076 ,434 786, 952 1,125,106 672, 991 145, 033 409, 764 1,198, 421 510, 565 441, 864 1, 094, 368 8, 308,929 633. 744 271, 801 53, 588 57, 061 60, 710 11,904 5,450 3,154, 437 3, 317, 422 3,319,718 416. 920 1, 057,140 486, 455 Total Southern States. Missouri Ohio Indiana Michigan.. Wisconsin. Total Western States. j Total United S t a t e s . . . 111. 185 298.222 249, 298 146. 035 24. 320 2,466, 247 6,148, 837 555, 431 1, 044, 021 160 | 30, 087, 618 10, 214, 536 905, 555 911, 000 118, 784 341,174 158, 310 173, 573 6,162 103,184 6, 588, 631 829, 060 2, 276, 513 l7325 579, 429,123 J50, 168,965 53, 882, 989 24,172, 860 ,22^329, 252 2^944,889~ REPORT OF THE COMPTROLLER OF THE CURRENCY. 281 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1854. RESOURCES. Specie. $1,163,522 176,434 196, 680 3, 828, 403 312, 606 1,207, 381 6, 885, 026 14,169,905 805,533 4, 331, 656 133,367 3,405, 090 22, 845, 551 3, 271, 042 1, 857, 048 1, 621, 973 1, 576, 813 1,125, 954 5,669 7,468,460 4, 596. 249 1, 983, 790 23, 506, 998 937, 835 2, 319, 064 1, 820, 760 565,152 357, 672 182,482 6,182,965 59,420,540 LIABILITIES. Other resources. $85,132 35,429 564, 522 685,083 151,528 224, 448 652,756 28, 256 1, 056, 988 26, 259 1, 369, 582 712, 950 31,500 4,742 2,163, 055 307, 368 67, 322 4, 682, 778 121, 372 127, 238 1, 368, 203 95,170 1, 711, 983 8,136,832 Capital stock. Circulation. $o, 393, 369 3, 626, 000 3, 275,656 54,492, 660 17.511,162 15, 597, 891 100, 896, 738 79, 018, 980 5,147, 741 19,768, 864 1, 343,185 9, 558,409 114, 837,179 12, 796, 466 4, 818, 565 16, 073, 580 12, 957, 600 2,100, 000 240,165 17, 359, 261 10, 869, 665 6, 599, 872 83, 815,174 1, 215, 405 8, 013,154 5, 554, 552 2, 513, 790 1, 084, 718 600, 000 18, 981, 619 318, 530, 710 Deposits. $4, 623,906 $3, 816,104 775, 410 3,079,548 745,170 3, 986, 709 19, 346, 595 24, 803, 758 2,772, 367 5,035,073 3, 910,160 11, 219, 566 52, 748,560 31, 365, 806 32, 573,189 75, 554, 481 4, 917,412 4,133. 454 17,420, 348 22, 747', 991 1,286,933 860, 947 4, 918,381 8, 621, 952 61,116, 263 111,917,925 14, 298, 792 6, 513, 027 7, 320. 667 1, 808, 587 9, 715, 783 3, 752, 260 9, 518, 777 2, 523, 227 3,171, 487 1, 671. 448 234, 745 33, 393 6,969, 807 11, 743,152 13. 573, 510 3,102,159 6,821,836 2, 200, 922 71, 625,404 33,348,175 2, 487, 580 1, 313, 744 9, 839, 008 7, 693,610 7,116,827 1, 764, 747 2, 283, 526 1,286,102 1,270, 989 1, 078, 606 485,121 654, 423 23, 483, 051 13,791,232 208, 973,278 190,423,138 liabilD u e to banks. Other ities. $161, 592 15,715 6, 930, 099 1,046, 658 1, 008, 655 9,162,719 20, 227, 967 486, 561 4, 640, 970 107, 075 2, 348, 791 27, 811, 364 635,127 186,993 1, 878, 291 722, 035 663,164 2, 022. 636 2, 809, 031 108, 470 9,025,747 228, 945 1, 866,172 445, 359 82,496 2, 622, 972 48,622, 802 $164, 625 979 329,425 1,022,940 1, 517, 969 5, 848, 627 36,647 71, 645 5, 956, 919 5, 495 51,013 159,193 1, 089, 935 2, 348, 859 447,425 4,101, 920 249, 887 100, 622 294, 034 438,488 710, 954 1, 793, 985 13, 370, 793 1855. $877,166 236, 411 201, 548 4,409,402 385, 767 810,101 $49, 428 70, 285 673, 037 $7, 326, 302 4, 449, 300 3, 603. 460 58, 632, 350 18, 682, 802 17,147, 385 $5, 057, 297 3, 589, 482 3, 704, 341 23,116, 025 5, 404,104 6, 871,102 $2. 548, 999 958, 474 801, 039 21, 973, 260 2, 914, 596 3,433,081 $145, 727 4,788 5, 947, 836 1,192, 449 945, 844 $7,647 357, 539 482, 975 6, 920, 395 792, 750 109.841,599 | 47,742,351 32, 629, 449 8, 236, 644 848,161 13, 661, 565 826. 452 3, 944, 602 90,149 2, 987, 225 767, 642 158, 396 599, 662 29,140 595, 223 83. 773. 288 5, 314, 885 19, 864, 825 1, 393,175 10, 411, 874 31, 507, 780 3, 552, 585 16, 739, 069 1, 380, 991 4,118,197 84, 970, 870 3. 290. 462 21, 076, 464 859. 010 7, 268. 888 21, 081, 456 483. 875 3, 930, 665 127, 510 1, 511, 970 4, 731, 884 2, 716, 872 21, 509, 993 2,150, 063 120, 758, 047 57, 298, 622 117, 465, 694 27,135, 476 8, 339, 986 2, 728, 482 1, 291. 436 1, 283, 284 1, 451, 880 1,125, 490 8, 063 6, 570, 568 4,152, 988 1, 473,040 75, 309 12, 769 571, 049 423.130 10, 834. 963 6, 667, 762 6. 739. 623 6. 698. 869 2, 382,176 221,760 6, 586, 601 8, 628, 946 5, 850, 562 5, 615, 666 1,130, 329 2, 871, 095 2, 034, 455 1, 278, 022 42, 738 11, 688, 296 3, 011, 719 2,413, 418 815, 830 112. 047 1,197, 949 462, 091 181, 558 51, 546 16, 907 53, 936 1,199, 309 15, 000 50, 000 1, 985, 373 216, 505 166,395 14, 0B3. 838 5, 205. 073 16, 603. 253 13. 413, 100 2, 296, 400 240,165 20,179,107 10, 369, 717 6, 717, 848 1,154, 538 2, 577, 824 211, 681 2, 232. r>73 296, 605 85, 501 20, 085, 231 3, 500, 530 89, 058, 501 54, 611, 262 30, 085, 738 6, 713, 518 3, 951, 777 1, 215, 398 7,166, 581 7, 281, 934 980, 416 1, 400, 000 1, 460, 650 8,074.132 8,165.856 500. 942 740, 764 1, 247, 651 5, 450, 566 2, 289. 605 1,170. 974 1, 482, 053 284, 776 949, 727 803, 849 95, 597 411, 652 j 975. 491 1, 690,105 1, 894, 357 143,123 334, 383 i," 006," 525" 15, 345 8,791 5, 037, 459 1, 030, 661 18. 044, 329 53, 553, 078 7, 474, 004 337, 702, 476 18. 942, 344 11,640,849 178, 594, 579 191, 821, 730 891, 230 187, 522 456, 739 2,133,949 1, 055, 913 44,219,587 14,195, 837 282 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE RESOURCES. States, etc. No. of banks. Loans a n d discounts. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States New York New Jersey Pennsylvania Delaware Maryland Total Middle State* . banks. funds. $1,396,430 741,475 1,142,104 7, 574, 792 " 128," 539' 1, 255, 322 1, 216, 630 3, 432, 975 $113, 789 75. 893 135,268 1,426,392 478,652 453,132 $464, 562 136,504 43,146 5, 248, 380 1. 281, 754 367,319 506 1187,539,613 1,459, 758 15, 543, 098 2, 683, 126 7,541,665 338 Ii92,161,113 2o7~59o7l5O~ 12, 665, 517 760. 697 1,639,249 35 10,999,919 71 52, 549,199 2, 714, 232 5, 647, 642 11 2,906, 253 44,086 387, 079 31 20, 616, 005 644,600 1,649,166 5, 857, 537 265, 228 1,128, 674 . 137, 524 318, 890 2,958,038 118,096,545 502,949 [ 4,460,673 155,376 39, 830 156, 055 1,482,744 I 82,961 486 1279.232,487 24,753,705 121.988,653 7, 707, 859 9,444,234 118,490,937 $114, 589 2, 647, 366 123, 985 3,483, 011 1, 671, 234 713,026 4,894 2, 591, 400 678,389 1,466, 455 144, 994,995 13,379, 700 19,247, 273 Missouri Ohio Indiana Illinois Michigan Wisconsin Total Western States Total United States . Due from banks, etc. Eeal estate. 75 $13, 066, 957 8. 846, 421 49 7, 302,951 41 101,132,792 172 98 28, 679, 343 71 28,511,149 Virginia North Carolina South Carolina Georgia Alabama Mississippi Louisiana Kentucky Tennessee Total Southern States Stocks. 2, 476, 751 1, 705, 070 3, 777, 676 517, 945 1, 200, 083 28, 331 3,117,178 1, 274, 992 2,354, 571 402, 520 363,161 9, 677, 525 7,540, 753 644, 310, 955 49, 270, 808 64,319. 777 $39, 440 246, 248 285,688 807, 981 171,037 600, 880 4, 853, 503 80, 648 12, 613 2, 341, 335 488,504 541 711 999, 764 317, 690 424,135 846, 675 561, 482 7,740 965, 878 859,956 16,037 9, 898, 212 4,983,320 | 555,733 33.870 1, 632, 969 598, 262 517,066 97,265 603,848 10.C;-559 369, 600 37,165 6, 433 57,218 3, 483, 280 576, 975 985, 946 513,697 21, 275,143 25,452, 499 19,909,333 1857 Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total Eastern States.. 76 ;13, 277, 621 47 7, 389, 813 41 7, 905, 711 173 92, 458, 572 93 25,823,152 74 33,108, 527 179, 983,396 New York New Jersey Pennsylvania Delaware Maryland Total Middle States . . 311 205, 892, 499 24. 46 13, 380. 085 71 55, 287, 234 2. 11 3, 021, 378 31 22, 293, 554_ 470 29978747750" 27, Virginia North Carolina South Carolina Georgia Alabama Mississippi Louisiana Texas Kentucky Tennessee Total Southern States. Missouri Ohio Indiana Illinois Michigan Wisconsin.. Nebraska Total Western States. 24, 12, 28, 16, 6, 899, 636, 227, 649, 545, 657, 31, 200, 575 521 370 201 209 020 296 $39,991 $1,158,277 829,169 926, 326 5, 522, 088 1. 410, 675 2,^51,143 1274977678" 027, 533 12,179,169 581, 773 2, 237, 204 301, 626 5,143. 330 33,076 506, 514 758, 278 1, 894, 791 702, 28i 21 L 961, : 008~ 3,184, 966 94,116 3. 268, 876 2, 249, 083 142, 201 519 4. 794, 885 2740572TF 846, 416 1,180,938 1, 368, 971 665. 302 257, 505 6,416, 728 $138, 251 $375,216 82, 000 158,132 136, 582 122, 923 $36, 351 1, 608, 613 4, 385, 650 527, 787 860, 778 443, 900 ^ 2 0 , 241 270, 722 3, 313, 474 6, 346, 599 307, 073" 6, 868, 945 2, 935, 205 22,6787628" 224, 711 710, 072 1, 206, 569 5, 719, 234 1,593,696 130, 000 40, 680 195, 601 402, 217 1, 666, 663 8, 832, 442 11, 071, 854 24, 477, 093 872, 368 1, 509, 089 13, 402 366, 076 192, 475 1,378 539,497 631, 273 8, 368, 280 1, 480, 570 31, 928 504, 287 78,148 11, 413 26, 503 2,470, 683 35 23, 404, 551 840, 959 739,126 4,115, 430 465, 907 40 16L89jUJ90 2,^*50^308 2^380,700 62, 767 590, 715 1, 069, 408 227 161,113,133 1679247080" 19, 637, 201 13,681,262 i, 336, 389 109, 475 4,112, 791 75, 991 98, 254 198, 910 15, 223, 241 2, 749, 686 2, 479, 558 310,145 1,199. 863 39, 007 7,039, 691 1, 694, 357 1.338.418 557, 238 227, 599 68, 568 1, 740, 671 6,129, 613 3, 952, 450 52, 832 19, 297 433, 717 1, 903, 603 245, 061 588, 389 60, 110 9,] 41 159, 489 5, 280, 634 2, 025,160 453,771 ' 150, 315 73,222 701,161 129, 804 418, 097 210 3,975 15, 069 212 j 35,718,728 137187, 205~ "87675. 053" 903, 230 3, 263, 447 209, 385 Total United States . . 1, 413 1676, 670, 007 587"9457440"J62, 770, 940 26, 730, 408 27, 018, 289 25,103, 026 FRASER Digitized for REPORT OF THE COMPTROLLER OF THE CURRENCY. 288 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1856. LIABILITIES. BESOURCES. Specie. Other resources. Capital stock. Circulation. Deposits. D u e to banks. Other liabilities. $118,976 70.133 488; 138 $7 899 794 4,831,000 3, 85(5, 946 58, 598, 800 20,275. 899 18,913,372 $5, 077, 248 3,677 689 3,970,720 26, 544, 315 5, 521, 909 9,197, 762 $2,115, 202 1, 058, 803 797, 535 24,369,126 3,141, 657 4, 090, 835 7 348 4, 807, 602 1,475, 221 875,287 611,152 114, 375, 811 53, 989, 643 35, 573,158 7, 284, 434 1, 571,478 31, 340, 003 4, 285, 079 16, 883,199 1,192, 204 5,297,983 88, 852, 395 3, 994, 541 25,340, 814 852,164 8,370, 345 26, 045, 439 616, 321 4,955,485 125, 303 1, 924, 756 3,615,502 33,667,304 4, 658, 402 $753, 085 236,013 208, 858 4, 555, 571 548, 348 1, 006, 493 $52, 881 7, 308, 368 $317 659,703 911,458 10 910 330 782, (559 6, 738, 650 180, 051 3,398,101 71,587 678,018 3, 814 698,890 85 589 590 5, 682, 262 22, 026. 596 1,493,185 11, 202,606 22,009, 791 1,452, 309 125, 994, 239 3,151.109 1, 360, 995 1, 228, 221 1,955, 966 1,274,944 7,744 8,191, 625 4, 611, 766 2,231,418 114, 433 4,067 951,832 135, 298 13,014.926 5, 750, 092 6, 504. 679 10,092,809 3,467, 242 324, 080 7, 222, 614 12, 634, 533 8, 518,545 6, 204, 340 1,101,113 3, 068,188 2, 525, 256 2 837,556 35,606 L4, 747,470 3, 608, 757 3, 740,101 6, 663, 995 234, 832 1,100,299 1,334, 098 481, 289 36, 602 10,710 46, 532 623,918 10, 000 2, 233, 412 535, 730 143, 696 13, 600,188 6,031.945 17.516,600 11,508.717 2,297,800 240,165 19, 027, 728 10,454, 572 8, 593, 693 1,687, 53 L 2,555, 953 467, 070 2,301,747 532. 000 664, 910 8,525,067 4,226,419 24,013,788 58, 998, 468 127, 410, 259 96,792 8,000 938,108 4, xl8,408 89, 271, 408 67, 529, 520 37, 868, 387 4, 355, 050 2,096, 809 1, 599, 014 759,474 152, 080 531, 713 1,195, 047 132, 946 1,108,148 21, 347 1,501 1,215,405 6,491,421 4,045, 325 3, 810, 946 730,438 1, 870,000 2, 805, 660 9, 080,589 4, 516, 422 3, 420, 985 573,840 1,060,165 1, 331,126 7,101,325 1, 957, 097 1, 267, 234 1, 866, 958 2, 806, 341 9, 494,140 2, 458, 989 18,193,535 21, 457, 661 15, 830, 081 3, 633,471 586, 393 62, 826, 087 8,640,918 347,834,993 201, 975, 292 210, 681, 885 53,110, 276 ll~042^692 172,425 1, 712, 040 379. 804 241,903 53, 425 1,073,874 296,202 161, 975 128,216 185? $703,143 275.933 188., 588 3, 611, 097 570, 850 1,129, 708 6, 479, 319 12, 898, 771 849, 926 5, 973,138 146. 367 3. 522, 561 23, 390, 763 50, 760 614, 763 682,708 $8,135, 735 5,041,000 4. 028. 740 60, 319. 720 20, 334. 777 19. 923, 553 117, 783, 525 $4, 641, 646 2, 289, 939 4, 275. 517 18,104, 827 3,192, 861 10, 590, 421 43, 095, 011 $2,116, 526 875, 789 746. 557 17, 631,190 2,510,108 4, 688, 843. 28, 569, 013 1, 639 4,106, 694 1, 661, 204 1, 020, 711 6, 935, 332 96, 381, 301 6, 582, 770 23, 009. 344 1, 428, 185 12. 297, 276 140, 298, 876 34, 019, 633 4, 759, 855 17, 368, 096 1, 394, 094 5,155, 096 62, 696, 774 96, 907, 970 4, 891, 970 27,593,534 868, 414 9, 611, 324 139, 873, 212 29,014,125 1, 438, 658 4,215,515 147, 250 1, 895. 284 36, 710, 832 6, 767,333 288, 296 303, 730 1, 065 23, 528 616, 619 12, 685. 627 6, 301, 262 10, 654, 652 9,147,011 3,177, 234 556, 345 9,194,139 7, 397, 474 1,170, 026 3, 502. 733 3,126, 530 2, 423. 269 83, 435 13, 478, 729 729, 507 224, 821 3,518.962 1, 663. 429 703, 443 98, 235 6,645 3, 355,119 872, 644 5, 000 $17,185 $145, 084 $1, 343, 948 381,402 1, 503,135 3, 228, 485 127,059 679,701 7, 574, 093 3. 092, 741 1, 156. 9*33 1,197, 774 1, 702,108 1,139, 312 7,912 6, 811,162 1, 493, 905 13, 863, 000 6. 425. 250 14, 837, 042 15, 428. 690 2, 297, 800 336, 000 21, 730, 400 965, 555 2, 207, 583 4, 406,106 2, 094, 632 21, 608, 680 363, 924 24,169 3, 609,126 10, 596, 305 8, 454, 423 93, 969, 510 13, 682, 215 8, 401, 948 73, 800,433 4, 473, 378 4, 875, 346 40,530, 920 2, 983, 373 944, 917 11, 734, 007 50, 000 951, 262 7, 546,488 1, 215. 405 6, 742. 421 4,123, 089 5,872.144 841, 489 2. 955. 000 205,000 21, 954. 548 2, 780. 380 9,153. 629 4, 731. 705 5, 534. 945 670. 549 1, 702, 570 353,796 24, 927, 574 1,188, 982 6, 543. 420 1, 852, 742 1. 002, 399 1, 347, 956 3, 365, 562 125, 291 15, 426, 352 111. 984 1, 202. 961 272, 815 210. 483 118, 962 374, 006, 459 204, 519, 792 1, 245,184 2, 016. 814 1, 420, 076 635, 810 92, 762 542, 938 136. 325 6, 089, 909 484, 682 7,913 698, 662 534, 619 1,252 687,337 380, 911 11,145 1,892 2,154 1, 083, 439 57, 568, 671 5, 991, 892 224, 399,497 1,749 1, 918, 954 57, 299,125 392. 758 177. 309 157.981 52, 646 1, 290, 486 2,071,180 20,420, 246 284 REPORT OF THE COMPTROLLER OF THE CURRENCY. STATEMENT SHOWING BY STATES, ETC., THE NUMBER OF STATE BANKS IN THE 1S5S. RESOURCES. States, etc. No. of banks. Loans and discounts. Maine New Hampshire Vermont r Massachusetts Rhode Island Connecticut 70 $11,210,245 52 8, 252, 754 41 6. 392, 992 174 104, 423,472 83 24,065, 894 76 26, 799,430 Total Eastern States.. New York J^ew Jersey Pennsylvania Delaware Marylan d •. Total Middle States... Virginia North Carolina South Carolina Georgia Alabama Mississippi Louisiana Kentucky Total Southern States. Missouri Obio Indiana Illinois Michigan Wisconsin Nebraska Total Western States. Total United States .. Stocks. Notes of Due from other banks, etc. Real estate. banks. $876, 022 889, 330 701, 545 6, 366, 721 1, 700,185 2, 584, 819 $135,263 66, 086 222, 560 1, 584, 885 536, 403 1, 085,173 $245,121 170.994 41,780 4,933,428 755,049 273,381 $615,441 496 181,144,787 1, 206, 564 13,118, 622 3, 630, 370 6,419, 753 1,110, 661 294 162, 807, 376 47 11, 364, 319 76 49,149, 323 11 2, 544, 212 31 21, 804, 111 11,726. 973 1, 609, 817 3,773, 227 507, 255 3,226,1.12 7,423, 614 344, 045 1,353, 285 57,655 417, 925 1, 857, 658 14,130, 673 494,197 4, 814, 978 75, 829 58, 639 108,516 1,473,413 3,164 $106,500 161, 309 938,755 459 247, 669,341 26, 576, 900 20, 843, 384 23, 338,411 11, 967, 733 22, 056, 561 12,677, 863 5, 585, 424 393,216 23, 229,096 17.681, 283 3T7 180, 270 3,223,887 2, 358, 584 146, 539 1,007 5, 318,418 738, 705 9, 596, 524 725,460 200 jll6,929,587 15, 558, 974 15, 085,222 14, 201,066 4, 279, 790 96, 626 72~000 2,088, 778 2,139, 364 920,421 1,416,737 6,164, 017 2,813, 578 322,466 77,034 3, 626,468 498, 794 35, 601 27, 546, 002 13, 690,466 6, 581,418 29T773" 522, 041 109, 224 59, 567 115, 661 229, 236 3,850 232, 625 ' 262,'595' 14, 318,182 1, 674, 733 383, 018 889, 722 454,156 151,726 975 0857424 709, 830 331,109 194, 465 162, 972 219,086 951, 205 431,131 6,287 259,576 "47,'254 i39 313,256 324,705 768, 243 395, 536 265, 034 31,411 467,411 1,000 121, 354 236,661 6,433 10, 043 67,439 1, 069, 352 2, 253,340 441, 930 573,289,717 57,032, 904 55,628, 646 28,497, 312 21, 651, 768 16, 184, 029 $1,478,896 Maine 68 $11,815,127 772,173 New Hampshire 52 8,591,688 Vermont 46 6, 946, 523 $176, 400 1,167,602 5,194, 343 Massachusetts 176 109,435,512 Rhode Island 90 25,131,] 50 "161,309 1,491, 522 27, 856, 785 1, 267, 406 2,994, 958_ Connecticut . Total Eastern States.. ~~5UG~~ 189,776,785' 17605,115" 13, O997494 New York 300" 200,5777198" 25,268788T 15,169, 559 New Jersey 46 12, 449, 460 785,523 2, 223, 935 Pennsylvania 87 46, 825, 266 2, 954,443 4, 418,436 308,222 22, 610 Delaware 12 3. 009, 285 2l!8541934 1, 017, 641 Maryland Total Middle States... 47f 284,716,143 29,924, 425 23,137, 793 22,419,532 3, 569,437 275577I82"" Virginia 128, 951 1, 291, 343 North Carolina 28 12, 247, 300 South Carolina 20 24,444, 044 3, 321, 969 2, 200, 450 Georgia 28 17,929, 066 1, 605,127 4, 073, 665 9, 058, 379 160,219 2,192, 019 Alabama Louisiana 12 29,424,278 5, 564, 590 9, 268, 254 793, 641 6, 535, 215 Kentucky 37 27,404, 942 2, 575, 465 Tennessee 39 13, 262, 766 233 1156,190, 287 167 7217512" • 307 "693759T Total Southern States — 29" 9, 830,426 417, 335 5977679" Missouri 53 11,171,343 2, 069, 789 2, 613, 615 Ohio 37 6,468, 308 1, 252 981 1.177,489 Indiana 48 1, 296, 616 6, 486. 652 2, 627, 690 Illinois 3 258, 776 1,153, 547 137,059 Michigan 98 9, 262, 457 5,114, 415 892,775 Wisconsin 2 50, 000 5,185 30, 806 Minnesota 1 48, 256 4, 068 Kansas 97, 087 3;_127_ Nebraska Total Western States. ~~273" 39, 333, 225 15, 649, 948 8, 084, 308 Total United States ..117489" 670, 016, 440"637901,000 7570157188" Specie funds. $145, 566 72, 912 190, 565 1, 601, 072 536,403 1, 915, 047 4,461, 565 8, 264, 425 421, 793 1, 423, 253 81,499 484, 825 10, 675, 795 $273, 304 181,964 69, 435 $69,667 5,183, 459 802,660 326, 617 255, 844 6, 837, 439 325, 511 2,044, 765 18,436, 967 578, 006 834,124 3, 349, 824 61, 446 114,812 69, 863 1, 521, 663 3, 588, 204 [23, 423, 266 814, 060 496,663 317,362 51, 642 600, 290 720,692 402,451 872, 746 1, 017,580 199 581, 723 1, 287, 077 4, 924,453 2, 238, 032 1,007, 575 348,658 1,152,433 150, 741 505,685 36, 623 271, 526 9, 272 54, 953 22, 579 852, 283 83, 893 4,223 512 2,295 1,155 1,399 26 1,471, 648 3, 850, 077 652, 304 26, 799, 682 19,200,173 26,639,113 REPORT OF THE COMPTROLLER OF THE CURRENCY. 285 UNITED STATES AND THEIR PRINCIPAL RESOURCES AND LIABILITIES—Continued. 1858. RESOURCES. Specie. $294,423 178, 556 11,112, 716 732, 622 915, 844 13,234,161 29, 313,421 1, 308, 851 4, 580, 528 203, 228 2,614,728 LIABILITIES. Other resources. Capital stock. Circulation. Deposits. D u e to banks. Other liabilities. 93,365 877,000 $7,614,200 5,041,000 4, 082. 416 61,819, 825 20,070, 741 20,917,168 $2, 964, 327 3,115, 643 3,024,141 20,839,438 2,644,195 5, 380, 247 $1, 743,939 1,069, 920 615, 874 32, 076, 006 2, 624, 226 4,140,088 5,441 7, 654, 235 1,150, 667 684, 907 1,044, 319 119, 545, 350 37, 967, 991 42, 270, 053 9, 634, 644 1, 267. 556 467, 855 288. 802 244,120 234 14,741 107,449,143 7,494,912 25,691,439 1, 355, 010 12,451,545 23. 899, 964 3, 395, 936 11, 610,458 1, 240, 370 4, 041